NYC Archives - Page 2 of 6

Cuomo announces plan to get workers back to offices

Gov. Andrew Cuomo is pushing a plan to get employees back in office buildings — and office landlords are on board.

In the second installment of his 2021 “State of the State” address, Cuomo announced that rapid testing would be used in state-designated orange zones to open office buildings, along with restaurants and theaters.

Cuomo said he will work with the real estate community to open hundreds of new “pop-up” rapid testing sites, where people can be tested before ...

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28
JAN
2021

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2019, buildings, coronavirus, covid, Cuomo, governor, new york, new york city, NYC, office

Another phase of the High Line is coming

Posted by: Riccardo Ravasini

The elevated park, which runs along Manhattan’s Far West Side and through the Hudson Yards megaproject, will be expanded to connect the newly opened Moynihan Train Hall, the New York Times reported.

The new 1,200-foot pathway will link the final section of the High Line at West 30th Street and 10th Avenue to a pedestrian walkway at the Manhattan West megaproject, developed by Brookfield Properties, which abuts the new train hall.

Gov. Andrew Cuomo told the ...

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22
JAN
2021

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chelsea, condo, high line, luxury, Moynihan, new phase, new york, new york city, NYC, park, pathway, penn station, price, rise

Manhattan Real Estate Sales Market Update | 4th Quarter 2020

Posted by: Riccardo Ravasini

In Manhattan there are signs of improvement for the sellers, as the sales volume, listing inventory, months of supply and other indicators got better from the prior quarter, although remaining lower compared to a year ago.

The market share of cash buyers fell to a new record low (40.4%) given the current low interest rates.

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21
JAN
2021

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2020, 4Q20, fourth, manhattan, market, market update, new york, new york city, NYC, quarter, real estate, report, sales, update

Buyers who bet on NYC’s comeback can score a discount. But for how long?

Posted by: Riccardo Ravasini

Since the reopening of the marke last June, 70% of the contracts signed came from a listing with a price cut. (source: ubrandigs)

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28
DEC
2020

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buy, buyer, buyers, contract, contracts, coronavirus, covid, cut, discount, house, invest, investor, investors, manhattan, market, new york, new york city, NYC, pirce cut, price, real estate

Madison Avenue retail buildings sell for record low price

Posted by: Riccardo Ravasini

“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 ...

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23
OCT
2020

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commercial, coronavirus, covid, low, luxury, madison avenue, manhattan, market, new, new york, new york city, NYC, record, retail, shopping, store

Manhattan 3Q 2020 Sales Report

Posted by: Riccardo Ravasini

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:

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23
OCT
2020

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2020, 3, 3Q2020, coronavirus, covid, manhattan, market, new york, new york city, news, NYC, quarter, real estate, sales, third, update

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