new york city Archives - Page 5 of 11 - Rava Realty

Overseas investors are coming back to NYC

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The Covid-19 pandemic has made it almost unrealistic for international investors to purchase real estate in New York City and the United States in general. Either because of some objective impediments such as travel restrictions or uncertainty about what would happen at the market level, especially luxury and high-end investments.

However, some real estate agents, including us, are seeing a rebound in international interest.

With the easing of restrictions and pandemic measures, overseas buyers are enticed by the idea of getting discounts and the feeling that this window of time is already closing. In fact, according to the consistently ...

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Real estate gets its candidate for mayor: Eric Adams

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Adams was heavily supported by business interests and real estate in particular. However, that was not the primary reason he won the Democratic primary, nor does it mean he will be in developers’ pockets when he takes office in January: His campaign platform calls for “aggressive” housing construction, but he has also blamed development for increasing rents in communities of color, criticized Brooklyn developers and recommended slashing the height of proposed towers that were opposed by NIMBY groups.

Adams, the Brooklyn-born son of a house cleaner and a butcher, and former captain in the ...

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MTA Unveils Next-Generation Subway Cars

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The next generation of subway cars is poised to hit the rails.

MTA unveiled their long-awaited R211 subway cars. Officials literally pulled a curtain to reveal the city’s first look at what could be a 1,600-car fleet crisscrossing subway lines.

Passenger service with the cars likely won’t start until September 2022, said Demetrius Crichlow, executive vice president and COO of New York City Transit. “We start qualifying and testing within the next few weeks, ...

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Manhattan Real Estate Sales Market Update | 2nd Quarter 2021

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The Manhattan real estate market is experiencing a period of significant recovery. Although the inventory is still substantial, sales activity has exploded and the “covid discount” effect is already disappearing. It should be remembered that these data are somehow still influenced by the pandemic as they reflect the difference between this quarter and the same period last year.

Talking by Numbers. ...

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Vessel will reopen at Hudson Yards

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The New York Post reported that the Vessel will welcome visitors back several months after a 21-year-old man leapt to his death from the structure in January. New measures will be in place: Related is tripling security staff and will add signage that includes messaging from the National Suicide Prevention Lifeline. And visitors will no longer be allowed to come alone.

The once-free attraction will now have a $10 visitors’ fee that Related told the Post will go toward ...

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NYC Schools Will Go All In-Person, No Remote Next Year

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New York City’s public school students will all return to classrooms in the 2021-2022 year, Mayor Bill de Blasio said.

“It’s good news: New York City public schools, one million kids will be back in their classroom in September, all in-person, no remote,” he said on MSNBC’s Morning Joe.

The announcement represents a significant upcoming return to normal for the city’s schools, which have been at least partially remote since the coronavirus pandemic first struck in March 2020.

(source: patch.com)

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