Posted by:
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 ...
Continue Reading →
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 ...
Continue Reading →Posted by:
Let’s take a look at closed sales in the first quarter of 2021.
Manhattan has finally joined the real estate party that the wider tri-state region, and also most markets in the USA, have been experiencing since the summer.
Manhattan lost more residents than the other boroughs during the pandemic due to its ...
Continue Reading →
President Joe Biden has signed the $1.9 trillion American Rescue Plan, the third pandemic-era stimulus and, potentially, one of the most consequential economic packages in U.S. history. Passed by Congress and it also includes billions of dollars that will go directly to New York City.
To be precise, it is 6 million that will be used in different ways like Stimulus Checks, Child Tax Credit, MTA Relief and Vaccines.
De Blasio has called the stimulus a “game changer” for ...
Continue Reading →
The renters are coming back to New York City in a big way, thanks to near record low concessions, falling rents, and lots of vacant apartments. Last month, new lease signings in Manhattan surged to their highest total for a February since the Financial Crisis in 2008.
(source: birckundergorund.com)
Continue Reading →Posted by:
It’s recovery time. In Manhattan, new lease signings rose to their highest level for the month of January, since the last financial crisis: up 57.6%year over year.
Lowered rents prompted an increase in the new lease contracts activity. Tenants are moving back to the city in search of good deals as they sense the leverage in their favor is ...
Continue Reading →