Historic Miami Beach hotel owner plans 18-story tower under state’s affordable housing law

27 October 2023

The owner of Clevelander and Essex House in South Beach, Jesta Group, has filed plans for an 18-story tower in Miami Beach, permitted under Florida’s new affordable housing law, despite initial expectations for a 30-story building.  Criticized by local officials, […]

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The legendary Flatiron Building is being converted into residential!

27 October 2023

The Flatiron Building is undergoing a residential transformation, as the Brodsky Organization has purchased a share in the renowned landmark. Teaming up with the Sorgente Group, the prominent New York real estate family will oversee the conversion of the 120-year-old […]

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Weekly real estate report: waterfront homes (South Miami Beach)  

23 October 2023

45 Active listings: (avg price=$22.3M ; avg price/sqft=$3,973/sqft) Least expensive: 17 closed sales in the last 6 months: (avg price=$23.8M ; avg price/sqft=$3,569/sqft) 4 properties currently under contract: (avg price=$24.450M ; avg price/sqft=$3,491/sqft)

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Weekly Manhattan real estate report

23 October 2023

As of October 23, 2023, the real estate market is still very dynamic. The number of properties on the market witnessed a substantial increase with 392 new listings for sale this week, a rise of +16.3% from the week before. […]

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REBNY adopts new buyer’s agent commission rules

20 October 2023

The Real Estate Board of New York (REBNY) is introducing changes to buyer’s agent commission rules, effective January 1, sparking reactions among agents. Under the new rules, listing brokers will no longer pay buyer’s agents; instead, sellers will directly compensate […]

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Real Estate prices South Florida: a relief for buyers?

20 October 2023

In September, home prices in Miami-Dade County “cool down” for the third consecutive month, providing some relief to buyers who have been waiting.  Median sales  prices for the month of September 2023 for single-family houses is  $600,000, a minor decrease […]

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Financial District (Downtown Manhattan): a safe real estate investment.

17 October 2023

Located at Manhattan’s southern point, the Financial District (“FiDi”) is a blend of history and modern urban living. Home to iconic financial institutions like the New York Stock Exchange and the Federal Reserve Bank, it’s a hub of financial power. […]

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Edgewater One of Miami’s trendiest, up-and-coming areas is Miami.

17 October 2023

Edgewater  is bounded to the east by Biscayne Bay, and has stunning water views. The most recent construction boom saw developers swoon over Edgewater Miami, not only due to the beautiful views it has to offer, but also due to […]

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October 2023: Miami Beach real estate market trends

16 October 2023

Inventory: The inventory of condos in Miami Beach stands at 1,518 units, which reflects a significant month-over-month increase of +14% and +86% in one year. Average Price: The average price for condos in Miami Beach is currently $1,496,429, indicating a […]

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