manhattan Archives - Page 9 of 17 - Rava Realty

Manhattan Sales Market Update – 3Q2021

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There were over 4,523 sales in the 3rd quarter 2021, more than triple the amount registered in the 3rd quarter of 2020 and still over 76% higher than the same period in 2019. It’s basically an all time record for volume of transactions.

Median sales price was at $1,115,000, up year over year by +1.4% and by +8.8% from the same period two years ago. While the average sales price was $1,874,942, down 14% from 2,179,777, skewed lower by the fact that the ...

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Thanksgiving Day Parade Returns To NYC’s Streets For 2021

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Thanksgiving Day Parade Returns To NYC’s Streets For 2021

The Thanksgiving Day Parade will march through the streets of New York City once again this year in yet another sign of a slow return to normality amid the COVID-19 pandemic.

“We are thrilled to welcome back in its full form the Macy’s Thanksgiving Day Parade, a world-renowned celebration that ushers in the magic of being in New York City during the holiday season,” said Mayor Bill de Blasio.

Public viewing will be allowed only in specific locations which will have safety procedures in place, like social distancing, face covering, and a ...

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If Bill bets on hospitality, we can too

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If Bill bets on hospitality, we can too

Bill Gates’ Cascade Investment is taking a swing in the hotel industry, paying more than $2 billion to take control of Four Seasons Hotels & Resorts.

The purchase will give Cascade a 71.3% stake and operating control of Four Seasons.

Gates is taking a risk in a hotel market that has been struggling throughout the pandemic, despite showing some signs of life more recently.

Four Seasons, founded in 1960, has more than 100 hotels and resorts around the world and went public in 1997 when Cascade first invested in the business.

(source: therealdeal.com image: ...

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New development sales contracts jump 109% in New York

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New development sales contracts jump 109% in New York

Some 421 contracts were signed across the city in August, up 109% from a year ago and 88% more than August 2019, according to a monthly analysis of new development sales contracts by Marketproof, a real estate analytics company.

Notably, the new development condominium market grew last month while the resale market had a month-over-month decline. Although 533 resale contracts were signed, which outnumbered August’s new developments condo contracts, that marked a –7% decline compared with July for the resale market. For new development condos, August’s activity was up 16% from July’s.

(source: therealdeal.com image: 130william.com)

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Manhattan Luxury Reality Check

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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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The most expensive townhouse of Upper West Side

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The most expensive townhouse of Upper West Side

After nearly five years of construction, located at 32 West 76th St., the most expensive Upper West Side townhouse is finally hitting the market at the price of $27.5 million.

Situated just off Central Park, the residence comprises six bedrooms and eight bathrooms and spans a massive 10,635 square feet. The entire townhouse was rebuilt from the ground up, with construction beginning in 2015.

Amenities include a high-speed elevator, a home gym, an indoor basketball court, a wine cellar, a luxurious outdoor space, and an expansive roof deck with an outdoor kitchen.

“Eventually it all worked out, but the basketball ...

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