new york Archives - Page 9 of 18 - Rava Realty

No Indoor Masks For Fully Vaccinated

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Federal health officials declared that fully vaccinated people could go into most environments regardless of crowd size without a face-covering or without social distancing.

The guidance does come with a few caveats. CDC officials said that people will still need to wear face-coverings when traveling on airplanes, buses, trains and on public transportation. Fully vaccinated people will also still need to keep their faces covered in hospitals and long-term care facilities, officials announced.

As of Wednesday 5/12, more than ...

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Manhattan Rental Report – April 2021

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The activity is picking up big time but there is still a huge amount of inventory to be absorbed.

April 2021 saw the largest number of new leases ever recorded, encouraged by the continuous price drops.

There were 9,087 New Lease Signings by the end of April, nearly seven times more than the same period a year ago, reaching ...

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Hudson Yards Vessel to Be Dismantled

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In a joint statement, the Vessel’s designer Thomas Heatherwick and Hudson Yards developer, Related Companies, announced that the 150-foot-tall copper-clad staircase will be dismantled for safety reasons.

Instead, a digital rendering of the structure will be sold as a non-fungible token (NFT) in an auction next month. Earnings from the sale will be used to cover the costs of disassembling the structure.

(source: hyperallergic.com)

 

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Manhattan’s retail loss is outer boroughs’ gain

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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 ...

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Manhattan Sales Report 1Q 2021

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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 ...

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NYC Restaurants to allow 50% capacity

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New York City restaurants are on a rapid pace to reopening. Gov. Andrew Cuomo announced that restaurants in the city will increase indoor dining capacity to 50 percent starting March 19.

“In New York State, our decisions are based on science and data and we are encouraged by the continued decline in infection and hospitalization rates,” Cuomo said in a statement.

Restaurants have been struggling amid capacity restrictions. A recent survey by New York State Restaurant Association found that ...

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