price Archives - Rava Realty

Incredible discounts at Central Park Tower

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Gary Barnett’s Extell Development sold a sponsor unit of the Central Park Tower at 217 West 57th Street nearly 50 percent below its asking price.

The 7,984-square-foot, four-bedroom unit was offered on the market at $95 million and sold for $49.7 million—the mystery behind the buyer, who protected his identity behind an LLC.

The residence with a 2,000-square-foot terrace and an outdoor pool was the building’s most expensive until it was surpassed by an 11,535-square-foot duplex created by the merger of two apartments ...

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Manhattan Real Estate Sales Market Update | 2nd Quarter 2021

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The Manhattan real estate market is experiencing a period of significant recovery. Although the inventory is still substantial, sales activity has exploded and the “covid discount” effect is already disappearing. It should be remembered that these data are somehow still influenced by the pandemic as they reflect the difference between this quarter and the same period last year.

Talking by Numbers. Let’s try ...

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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 Rental Market Picks Up Pace

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It’s recovery time. In Manhattan, new lease signings rose to their highest level for the month of January, since the last financial crisis: up 57.6%year over year.

Lowered rents prompted an increase in the new lease contracts activity. Tenants are moving back to the city in search of good deals as they sense the leverage in their favor is ...

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Another phase of the High Line is coming

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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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