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Every week we hear of multi million dollar properties going on the market and sometimes the asking price seems exorbitant, and it really is! With this report we will take a closer look at the numbers of the Manhattan Luxury Real Estate Market, giving you the opportunity to get an idea of what the actual selling price of these luxurious properties ...
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For now, it’s still a ghostly, magical chip of land that seems to have escaped from Manhattan and floated off into the harbor. But there is some big-time development in the offering.
Here is the full article from Curbed.
(source: curbed.com picture: curbed.com / Barbara Bestor Architects)
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“New signed contracts for all three property types combined expanded annually for the past three months. The new signed contract gains were significantly larger for this March and April because the year-ago period marked the early days of the pandemic lockdown. New inventory jumped annually for the most recent two months for the same reason.”
(source: millersamuel.com)
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Round-the-clock subway service in New York City resumed May 17 after more than a year of late-night, pandemic-related closures.
Gov. Andrew Cuomo made the announcement in late April wrapped it into a broader swath of reopening announcements that end most pandemic-related capacity limits and eliminate restaurant curfews.
“The city that never sleeps is slowly—but surely—living up to its name again and waking up from the COVID-19 pandemic, but so should the subway system—and ASAP,” Sen.Schumer said in a statement.
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In a joint statement, the Vessel’s designer Thomas Heatherwick and Hudson Yards developer, Related Companies, announced that the 150-foot-tall copper-clad staircase will be dismantled for safety reasons.
Instead, a digital rendering of the structure will be sold as a non-fungible token (NFT) in an auction next month. Earnings from the sale will be used to cover the costs of disassembling the structure.
(source: hyperallergic.com)
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Manhattan retailers are still waiting for the return of tourists to 5th Avenue and employees to Midtown offices, but some retail corridors outside of the central business district have seen metrics return almost to where they were before the pandemic.
Vacancies and rents in the Bronx’s main retail area, Fordham Road, are near normal, the New York Times reported. The vacancy rate is 3 percent, according to the Fordham Road Business Improvement District.
Meanwhile, in Brooklyn, new residential development has aided projects ...
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