NYC Archives - Page 3 of 6 - Rava Realty

School’s back on. Will the NYC resi market follow suit?

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School’s back on. Will the NYC resi market follow suit?

As the city shut down this spring, New York’s wealthiest neighborhoods saw an exodus of residents, many of whom headed to second homes or rentals in the Hamptons and other parts of the Tri-State.

Now that Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide, will those who fled return?

According to Petersheim who founded Hudson Valley-based development and real estate company Catskill Farms “The idea that they may shut down again really closes the door to ...

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Manhattan 1st Quarter 2020 Sales Market Report

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Finally after two years of low volumes in the sales market, the first quarter of 2020 showed an increase in closings as sellers became more realistic about pricing.

It must be said that this trend, given it is based on closed sales, doesn’t fully reflect the most recent changes of the market conditions related to the coronavirus pandemic.

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How NYC Real Estate is dealing with coronavirus

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How NYC Real Estate is dealing with coronavirus

On Thursday, Cuomo said mortgage payments and foreclosures in New York will be suspended for 90 days in light of the pandemic. There will also be a grace period for loan modification, no negative reporting to credit bureaus and no late or online payment fees for the next three months.

Evictions are suspended indefinitely. New York state has suspended eviction proceedings and pending eviction orders until further notice.

Some lawmakers want to suspend construction in the city during the outbreak both to ...

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How NYC is dealing with coronavirus

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How NYC is dealing with coronavirus

Gov. Andrew Cuomo issued an executive order that places the state on what he calls a “pause”; nonessential retailers and services must be closed or have their employees work from home, and people are expected to largely stay home, with limited exceptions.

“We need everyone to be safe, or no one can be safe,” Cuomo said during a press conference announcing the new regulations.

Hotels are closing. The MTA has reduced subway service. Broadway has gone dark ...
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Waldorf Astoria condo conversion launches sales

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Waldorf_Astoria

The Waldorf Astoria’s condo conversion continues to move forward. Three years after closing its doors for its transformation, the iconic hotel has launched sales for its 375 condo residences. The new residences will range from studios starting at $1.7 million to four-bedrooms starting at $18.5 million. 

Back in 2014, the developers bought the Waldorf for $2 billion, and in 2017, ...

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Less is more: Small Manhattan homes ruled in 2010s

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Less is more: Small Manhattan homes ruled in 2010s

The average Manhattan apartment sold between 2010 and 2019 was just under 1,135 square feet, the smallest in more than three decades, according to Miller Samuel’s 10-year report on the Manhattan sales market.

Median sales prices for studio apartments rose by about 23 percent over the 10-year period, while spacious four-bedrooms saw median prices slide by about ...

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