In white-glove buildings sellers look to close deals, as fiscal cliff looms
As the year winds down, there’s now a rush among the well-heeled crowd to close deals on residential properties in order to beat the tax increases that could take effect on New Year’s Day, the Wall...
View ArticleCommunity board OKs plan for Cornell NYC Tech
Manhattan Community Board 8 last night approved the Roosevelt Island campus plan for Cornell NYC Tech, the project’s developers said. The green light comes as part of the city’s public land review...
View ArticleRicky Martin buys 170 East End Avenue home
Singing heartthrob Ricky Martin has purchased a unit at the 170 East End Avenue condominium development, the New York Post reported. Martin, who has twin sons through a surrogate mother, purchased the...
View ArticleRushmore buyers get $15M refund in long-running contract dispute
After fighting more than three years of litigation with Extell Development and Carlyle Realty Partners, a group of 40 buyers at the Rushmore condominium said Thursday that they had finally received a...
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Omni pays $137M for affordable Bronx complex
Omni New York, a developer and landlord that specializes in revitalizing affordable housing units, has paid more than $137 million for a massive residential complex in the Bronx. The property is...
View ArticleMichael C. Fina, headed to Park Avenue, will take former Simon Pearce space
Simon Pearce fans rejoice: While the hand-blown glass and handmade pottery designer’s sole New York City company-owned store closed earlier this year, Michael C. Fina will be moving into the Midtown...
View ArticleCity Planning OKs Durst Fetner’s West 57th Street residential project
The City Planning Commission yesterday approved Durst Fetner Residential’s 625 West 57th Street, a 753-unit development at the Hudson River, the New York Observer reported. The striking pyramid design,...
View ArticleBofA missing out on huge profits from mortgages
Despite the fact that the Federal Reserve is pumping billions into the economy by buying mortgage bonds — making originating mortgages more profitable than ever — certain huge players continue to sit...
View ArticleIn co-op applications, honesty is the best policy
There is a one major reason New York City has fewer homes in foreclosure than most cities in the nation: co-op boards. The level of scrutiny to which potential buyers are subjected when buying a co-op...
View ArticleWhat you liked in 2012
From the December issue: A massive hurricane that brought the city to its knees notwithstanding, 2012 was a pretty good year for New York City real estate. The strong market compared to years past is...
View ArticleLawsuit targets Park Slope senior residence for misrepresentation, overcharging
A new federal class action lawsuit is alleging that the a Park Slope senior residence is operating as an unlicensed assisted living facility, the New York Daily News reported. The suit was filed...
View ArticleStaten Island home removal ushers in era of Hurricane Sandy-related demolitions
The United States Army Corps of Engineers has begun the process of demolishing city properties that were damaged by Hurricane Sandy in late October, the New York Times reported. It all began yesterday...
View ArticleEast 12th Street rental to rise higher
The under-construction Karl Fischer-designed rental building at 84 Third Avenue at East 12th Street will rise 12 stories instead of nine, EV Grieve reported. The update comes from Department of...
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Priciest, cheapest units to hit the market
From left: 781 Fifth Avenue and 660 Saint Nicholas Avenue Serena Boardman of Sotheby's International Realty has the priciest listing to hit the Manhattan market this week, according to Streeteasy.com....
View ArticleNew York construction employment down, amid fiscal cliff fears
Rising anxiety over the so-called fiscal cliff caused construction employment in New York to fall 5.2 percent year-over-year, an analysis by the Associated General Contractors of America of Labor...
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Blankfein neighbor finds buyer for Sagaponack estate
While Goldman Sachs CEO Lloyd Blankfein’s Sagaponack property languishes on the market, his next-door neighbor’s 35.5 estate is now in contract, Curbed reported. Listed at $15.95 million after a $1.8...
View Article$100M deal for stake in Times Square retail condo
Walton Street Capital sold to Invesco its majority stake in the 50,000-square-foot retail condominium at 1466 Broadway in Times Square for upwards of $100 million, Crain’s reported. As a result of the...
View ArticleLagerfeld removes Gramercy Park cond-op from market, again
Karl Lagerfeld has again taken his 50 Gramercy Park North cond-op off the market, Curbed reported. The most recent asking price for the 2,151-square-foot property, which he purchased in 2006 for $6.8...
View ArticleBPC turf, which cost millions, is beyond repair
A plot of artificial turf ball field located in Battery Park City, which sustained serious flooding during Hurricane Sandy, will have to be replaced entirely, the Broadsheet Daily reported. As of yet,...
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