new york city Archives - Page 8 of 11 - Rava Realty

Manhattan Rental Report October 2020

Posted by:

What’s going on in the Manhattan rental Market? Let’s take a look at the October data…

After months of price declines, people are moving back to the city. The number of new leases is finally on the rise surging to the highest October peak in twelve years.

The Number of New Leases surged 33.2% to 5,641 from October 2019, ...

Continue Reading →
0

Madison Avenue retail buildings sell for record low price

Posted by:

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 ...

Continue Reading →
0

Manhattan 3Q 2020 Sales Report

Posted by:

This quarter (Jul-Aug-Sep) began just over a week after the COVID lockdown ended and it reflects sales-contracts that were signed during and after the COVID lockdown. We notice a slight improvement: the number of closed sales edged up a bit from the previous quarter which bodes well for the future..or at least we hope so.

Some Stats:

The ...

Continue Reading →
0

Mortgage rates notch new low

Posted by:

The average rate for a 30-year fixed-rate mortgage dropped .07 percentage points for the week ending Sept. 10, reaching 2.86 percent — anew low since Freddie Mac began conducting the survey in 1971. This time last year, the mortgage rates averaged 3.56 percent. Fifteen-year mortgages declined, too, to an average of 2.37, while five-year mortgages were up 18 percentage points to 3.11.

Sam Khater, Freddie Mac’s chief economist, said a late summer slowdown in the economic recovery was to thank ...

Continue Reading →
0

Are there 15,000 people who want to live in Manhattan?

Posted by:

Manhattan’s vacancy rate climbed to 5.1 percent in August, according to Douglas Elliman’s monthly rental report produced by Miller Samuel Real Estate Appraisers & Consultants.

It’s the first time Manhattan vacancy has reached this level in the 14 years that Miller Samuel has tracked its rental market, and the fourth consecutive month that the number of uninhabited rentals have set a new record. 

The number of deals with concessions or owners paying the broker fee jumped to 59 percent last month from ...

Continue Reading →
0

School’s back on. Will the NYC resi market follow suit?

Posted by:

As the city shut down this spring, New York’s wealthiest neighborhoods saw an exodus of residents, many of whom headed to second homes or rentals in the Hamptons and other parts of the Tri-State.

Now that Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide, will those who fled return?

According to Petersheim who founded Hudson Valley-based development and real estate company Catskill Farms “The idea that they may shut down again really closes the door to ...

Continue Reading →
0
Page 8 of 11 «...678910...»