NYC Archives - Page 2 of 6

Another phase of the High Line is coming

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.

Talking by ...

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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:

The ...

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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

Manhattan is Cold, the Suburbs and Brooklyn are Hot! Here’s what the resi market looked like in July

Posted by: Riccardo Ravasini

In Manhattan, the drops were stunning. July contracts for co-ops priced between $4 million and $5 million were down 94 percent from the same month last year. No contracts were signed for condos above $20 million. Across all price brackets, condo and co-op contracts were down 56 percent.

But in Brooklyn — where New Yorkers often migrate to in search of bigger homes and more open space — the numbers surged: 178 new condo contracts in July, up from 147 last ...

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28
AUG
2020

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analysis, brookyln, buy, city, condo, coronavirus, covid, covid19, long island, manhattan, market, new york, NYC, real estate, rent, report, residential, sell, suburbs