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NYC Restaurants to allow 50% capacity

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New York City restaurants are on a rapid pace to reopening. Gov. Andrew Cuomo announced that restaurants in the city will increase indoor dining capacity to 50 percent starting March 19.

“In New York State, our decisions are based on science and data and we are encouraged by the continued decline in infection and hospitalization rates,” Cuomo said in a statement.

Restaurants have been struggling amid capacity restrictions. A recent survey by New York State Restaurant Association found that ...

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Manhattan Luxury Market Reality Check – Jan 2021

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There were 38 closing at $4 million and above in January 2021, 45 lessthan the previous month. The Average Closing Price was $8,493,335 down -4% from the previous month, meanwhile the Median Closing Price was $5,770,000 down -16% from the previous month, the Negotiability Factor, that is the average discount from the last asking price, was 14.23% up from 10.76% the previous ...

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Manhattan is Cold, the Suburbs and Brooklyn are Hot! Here’s what the resi market looked like in July

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In Manhattan, the drops were stunning. July contracts for co-ops priced between $4 million and $5 million were down 94 percent from the same month last year. No contracts were signed for condos above $20 million. Across all price brackets, condo and co-op contracts were down 56 percent.

But in Brooklyn — where New Yorkers often migrate to in search of bigger homes and more open space — the numbers surged: 178 new condo contracts in July, up from 147 last ...

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Manhattan Luxury Market Reality Check – April 2020

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We studied hard to deliver a brand new report to you. The reality check on the Manhattan Luxury Market. Every week we hear of multi-million dollar properties going on the market and sometimes the asking price seems exorbitant because it is!
With this report, we are going to tell you at what prices luxury properties are actually closing and what was ...

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