covid Archives - Page 4 of 7 - Rava Realty

Cuomo imposes new Covid-19 restrictions

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Cuomo imposes new Covid-19 restrictions

Any establishment with a state liquor license, including bars and restaurants, along with gyms, must close at 10 p.m., Gov. Andrew Cuomo announced.

“NYS is taking action to stop the spread in response to rising COVID numbers,” Cuomo said in a tweet.

Covid-19 cases in New York have hit levels not seen since the spring, with the infection rate seven-day average in the city rising above 2 percent, and the statewide infection rate close to 3 percent.

Bars and ...

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Manhattan Rental Report October 2020

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What’s going on in the Manhattan rental Market? Let’s take a look at the October data…

After months of price declines, people are moving back to the city. The number of new leases is finally on the rise surging to the highest October peak in twelve years.

The Number of New Leases surged 33.2% to 5,641 from ...

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The COVID effect: The surprising impact of the pandemic on Miami-Dade real estate

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Months of stay-at-home orders, growing numbers of infections and deaths, working remotely while the kids are attending school in the next room, stop-and-start business closures, and no end in sight to the COVID-19 pandemichave all had an unexpected impact on Miami-Dade’s real estate market. It’s just not what you probably think it is.

COVID-19 has turned out to be ...

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Madison Avenue retail buildings sell for record low price

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Madison Avenue retail buildings sell for record low price

“Three retail buildings on Madison Avenue have sold for a combined $45 million, a price that represents a new low for the posh shopping district.

The luxury retailer Akris will buy three properties at 831, 835 and 837 Madison Avenue between East 69th and 70th Streets for $45 million, according to the Wall Street Journal. The deal includes three ground-floor retail spaces, along with 15 residential units.

The deal came out to $1,340 per square foot, a significant decline ...

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Manhattan 3Q 2020 Sales Report

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This quarter (Jul-Aug-Sep) began just over a week after the COVID lockdown ended and it reflects sales-contracts that were signed during and after the COVID lockdown. We notice a slight improvement: the number of closed sales edged up a bit from the previous quarter which bodes well for the future..or at least we hope so.

Some Stats:

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Unemployment fell as workers returned to their jobs that were lost during lockdown.

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Unemployment fell as workers returned to their jobs that were lost during lockdown.

Hiring rose for the fourth straight month, though at the slowest pace since the U.S. economy began to spring back from April shutdowns.

Nonfarm payrolls increased 1.4 million in August, the Labor Department said Friday, matching economists’ expectations and following gains of 2.7 million, 4.8 million, and 1.8 million in May, June and July, respectively. The temporary hiring of 238,000 Census 2020 workers helped boost payrolls.

The U-3 unemployment rate, meanwhile, dropped to 8.4% from 10.2% in July. The decline was much ...

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