Residential Sales Archives - Rava Realty

Manhattan’s Out-of-State Buyers: Who’s Buying and Where

Posted by:

Manhattan’s Out-of-State Buyers: Who’s Buying and Where

Amid the narrative of New York City residents leaving during the pandemic, a hidden trend emerges — out-of-state buyers investing in Manhattan real estate. Analyzing residential sales over the past two years, excluding purchases through shell companies, reveals a dynamic market.

  • New Jersey residents led the pack, investing $1.48 billion in over 1,400 deals, comprising over 20% of the total sample volume.
  • California followed closely, contributing $1.25 billion across 900 deals, with San Francisco buyers accounting for over 15% of that spending.
  • Florida saw significant investment, with Floridians spending nearly $788 million on 651 homes.

Continue Reading →

0

English

, , , , , , , , , ,

One of the most expensive sales in the history of downtown Manhattan

Posted by:

One of the most expensive sales in the history of downtown Manhattan

A six-bedroom, 7,000 square feet of living space, with panoramic views of the Hudson River and Manhattan skyline, and a 5,000-square-foot terrace penthouse condo apartment at One High Line, a new development in West Chelsea has entered into contract at $52 million, and downtown $50 million sales are rare compared to uptown luxury enclaves.

Some of the few $50 million residential real estate sales in downtown Manhattan include a penthouse at 70 Vestry Street in Tribeca that sold for $56 million and another Chelsea unit at the Getty, which sold for $59 million — both sales were ...

Continue Reading →
0

English

, , , , ,