new york Archives - Page 9 of 19

The Subway is back 24/7

Round-the-clock subway service in New York City resumed May 17 after more than a year of late-night, pandemic-related closures.

Gov. Andrew Cuomo made the announcement in late April wrapped it into a broader swath of reopening announcements that end most pandemic-related capacity limits and eliminate restaurant curfews.

“The city that never sleeps is slowly—but surely—living up to its name again and waking up from the COVID-19 pandemic, but so should the subway system—and ASAP,” Sen.Schumer said in a statement.

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25
MAY
2021

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No Indoor Masks For Fully Vaccinated

Posted by: Riccardo Ravasini

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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24
MAY
2021

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Manhattan Rental Report – April 2021

Posted by: Riccardo Ravasini

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 ...

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21
MAY
2021

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Hudson Yards Vessel to Be Dismantled

Posted by: Riccardo Ravasini

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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23
APR
2021

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Manhattan’s retail loss is outer boroughs’ gain

Posted by: Riccardo Ravasini

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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22
APR
2021

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brooklyn, commercial, covid, manhattan, new york, new york city, pandemic, queens, real estate, rent, restaurant, retail, staten island, the bronx, vacant

Manhattan Sales Report 1Q 2021

Posted by: Riccardo Ravasini

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 ...

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16
APR
2021

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