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Manhattan Market Pulse – March 2023

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The monthly contract activity stood at 816 in February, down 31.1% compared to last year and down 13.9% from the 948 historical average for the month of February. The Median Sales Price is $1,075,000, at the moment, down -6.7% from last year. The supply, which is the number of units on the market, stands at 6,429, up 1.7% from a year ago. While the number of pending sales, which is the number of currently in contract units, stands ...

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Get Ready To Take A Spin: Giant Ferris Wheel Coming To Harlem

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The proposed 180-foot Harlem Wheel would rise alongside the Hudson River as part of the Harlem Gateway Waterfront Initiative to transform the 125th Street piers into a tourist destination, running several attractions including “Harlem Rocket” speedboat tours and a Harlem Maritime Center & Museum.

The wheel would open in summer 2024 and could draw millions of riders — who’d pay between $15 and $20 a ride — every year, according to the Harlem Gateway Waterfront Initiative website.

“The Harlem Gateway Waterfront Initiative will stimulate ...

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Half Of Manhattan Workers Are Back In Offices

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Roughly half of Manhattan’s workers were in the office during the average workday as of late January, according to a Partnership for New York City survey.

The pandemic emptied out Manhattan’s office buildings and shifted scores of employees to remote work. But as coronavirus restrictions were lifted, only a relative handful of workers returned to offices.

The survey found only 9 percent of workers are back at the office five days a week, a number that’s unchanged from September. However, the number of fully remote workers did tick down ...

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Manhattan Market Pulse: Feb. 23

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The monthly contract activity stood at 592 in January, down 37.8% compared to last year and down 23.7% from the 776 historical average for the month of January. The Median Sales Price is $1,075,000, at the moment, down -14% from last year.

The supply, which is the number of units on the market, stands at 6,078, up 2.7% from a year ago. While the number of pending sales, which is the number of currently in contract units, ...

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Manhattan Real Estate Market Pulse: Jan. 23

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Residential market

The monthly contract activity stood at 599 in December, down 46.4% compared to last year and down 9.1% from the 788 historical average for the month. The supply, which is the number of units on the market, stands at 5,860, up almost 2% from a year ago. While the number of pending sales, which is the number of units that are currently in contract, stands at 2,282; this value is 41.6% lower than a year ago. The ...

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To open a casino in NY the auction starts at $500M

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New York’s bid to award up to three licenses for full-fledged casinos, which would allow live table games and create more tax revenue for the state, advanced after officials unanimously voted to formally solicit applications, with an asking price of $500 million for each license.

The board will review each application and consider several factors, including how many jobs a prospective operator plans to create, how much revenue a casino expects to bring in, and a commitment ...

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