luxury Archives - Page 3 of 4 - Rava Realty

Madison Avenue retail buildings sell for record low price

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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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Single-family houses may be hot, but luxury condos are selling better than you think

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The pandemic might have driven some buyers out of towers and into single-family houses. But recent sales are proof that for many luxury buyers, condos are still the way to go in South Florida.

The luxury-condo market was oversupplied even before this year. Once pandemic restrictions began, Realtors were forced to go virtual. To attract buyers, they added incentives and dropped prices.

The sales team behind Armani/Casa is offering gift cards worth $25,000 for home buyers to purchase furniture from Armani/Casa, said ...

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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 ...

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Waldorf Astoria condo conversion launches sales

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Waldorf_Astoria

The Waldorf Astoria’s condo conversion continues to move forward. Three years after closing its doors for its transformation, the iconic hotel has launched sales for its 375 condo residences. The new residences will range from studios starting at $1.7 million to four-bedrooms starting at $18.5 million

Back in 2014, the developers bought the Waldorf for $2 billion, and in ...

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Manhattan Luxury Reality Check January 2020

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manhattan luxury reality check

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! 

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World’s Highest Residential Club in Central Park Tower

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Extell has revealed renderings of the Central Park Tower’s 100th floor residential club. Perched over 1,000 feet above Billionaires’ Row, this will be the highest residential lounge in the world.

The club will span 8,300 square feet and include a private ballroom, a dining room, a bar, a full-service kitchen, and a wine and cigar lounge.

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