When the coronavirus first came barreling down on New York City in March, we asked some of the city’s top brokers and agents how they thought the crisis would affect the real estate market. At that time, the big factor was uncertainty, but we now know more about the virus and the trajectory that New York’s reopening is on. So what will the summer, typically the height of the market, look like this year? 6sqft spoke to real estate experts across the board to get their predictions on what’s ahead, from which price points will be most affected to what amenities buyers are looking for to trends in the surrounding suburbs.
Proposed east-west view; Rendering by Gensler/ RFR Realty, courtesy of Landmarks Preservation Commission
An observation deck will return to the Chrysler Building. During a Landmarks Preservation Commission hearing on Tuesday, Aby Rosen’s RFR Realty, which bought the Art Deco landmark last year for $151 million, presented its proposal to revamp the skyscraper’s 61st and 62nd floors to allow for public access. The Chrysler Building previously housed an observatory, which opened on the 71st floor in 1945 as the Celestial.
Screenshot of map courtesy of NYC Health Department
The city’s health department on Monday released for the first time the coronavirus death rate by ZIP code. A table and interactive map reveal the death rate per 100,000 residents in each neighborhood, along with the number of confirmed cases, case counts, death counts, and the percent of people who tested positive. The new information confirms earlier data that found a disparity in deaths caused by the virus among people of color and those who live in low-income neighborhoods.
During his press conference on Friday, Governor Cuomo announced that he’d be joining New Jersey, Connecticut, and Delaware in opening state beaches by Friday, May 22, ahead of Memorial Day Weekend. The four states agreed that they will mandate no more than 50 percent capacity, prohibit group activities and social gatherings, enforce social distancing measures and mask adherence when needed, and keep concessions closed.