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REAL ESTATE
Inside the late Ivana Trump's opulent Versailles-inspired Upper East Side townhouse on the market for $19.5 million
Donald Trump's ex-wife Ivana Trump was known for her glamorous life and so it is no surprise that her Upper East Side townhouse, on the market for $19.5 million, is just as opulent and grand. See inside the home here...
What are North Jersey's priciest ZIP codes? Here are the top five
For $22.5 million, you could buy Nascar legend Tony Stewart's 415-acre Hidden Hollow Ranch in Indiana, completed with a 8,700-gallon, two-story freshwater aquarium; a 1,500-gallon stream filled with a koi fish; a waterfall; and two separate buildings on the property for a guest house and a workshop. Or, for the...
Phase Two Of Starhill Affordable Housing Complex Breaks Ground At 1600 Grand Avenue In Morris Heights, The Bronx
Services for the UnderServed and Bronx Pro Group recently celebrated the groundbreaking for phase two of Starhill, an affordable housing project at 1600 Grand Avenue in Morris Heights, The Bronx. The project will add 244 affordable apartments to the property, with 74 of which designated as supportive housing for formerly homeless individuals and families. On-site supportive care services will be provided by Services for the UnderServed. The project was designed by Marvel Architects.
Armani-branded condos snag Manhattan’s priciest contract
The Giorgio Armani Residences once again nabbed the top spot in Manhattan’s luxury market, marking the fourth time the branded condo has landed a top deal this year. The penthouse at 760 Madison Avenue, asking $32.5 million, was the most expensive of 20 homes asking $4 million or more to find buyers last week, according to Olshan Realty’s weekly report.
41-story tower on Greenpoint waterfront opens lottery for 115 apartments, from $1,782/month
Rendering courtesy of NYC Department of Housing Preservation and Development. A lottery opened this week for 115 middle-income apartments in a 41-story luxury rental on the Greenpoint waterfront. Developed by Park Tower Group and Rockefeller Group, the company’s first project in Brooklyn, The Dupont will offer 381 apartments, a vast majority of which will have incredible East River and Manhattan skyline views. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,782/month for studios to $4,001/month for two-bedrooms.
Park Slope Tenants Secure Agreement with City, Landlord to Keep Units Affordable
Stellar Management, the Fifth Avenue Committee and the New York City Department of Housing Preservation and Development (HPD) signed an agreement that makes all the units at 341 10th Street in Park Slope affordable housing. The entities closed on an Article XI regulatory agreement for the building last week, ensuring...
A Unique Brooklyn Heights House Changes With the Times
The mysteries of a singular brick house in the center of Brooklyn Heights have long captivated viewers – including its current owners, who have recently burnished this gem for their family’s use. Staking out a prominent location at the corner of Joralemon Street with a wrought iron fence and handsome landscaping, 2 Sidney Place has its share of undeniable quirks. These include a wonderfully frothy entrance set into a relatively sober example of the Greek Revival style and the building’s unusual flatiron shape.
Alpine, Fields Grade adding four new eateries to Bergen-Lafayette rental portfolio in Jersey City
Starling at 66 Monitor St. in Jersey City — Courtesy: Alpine Residential/Fields Grade. The developers of several apartment buildings in Jersey City’s growing Bergen-Lafayette neighborhood are welcoming four new dining options to the portfolio. According to the firms, Alpine Residential and Fields Grade, the additions include a breakfast...
First project under Gowanus rezoning launches leasing for luxury apartments
The first project developed under the Gowanus rezoning has launched leasing. Developed by Domain Companies and VOREA Group, 420 Carroll consists of a 21-story tower and a 16-story tower connected by an underground tunnel. Situated on the Gowanus Canal, the development includes 360 apartments, with market-rate rentals currently priced from $3,925/month for studios to $9,600/month for three bedrooms. Approved by the city in 2021, the rezoning upzoned 82 blocks of the neighborhood to create 8,500 units of housing and new open space.
Atlas Capital Lands Nearly $1B Loan for Riverfront Apartment Project
Atlas Capital Group secured a $985-million construction loan to build two Lower Manhattan apartment towers at 80 Clarkson St. which it’s developing with Zeckendorf Development and Baupost Group, the New York Post reported. The lenders, sources told the Post, were London-based Cale Street Partners and San Francisco-based Farallon Capital Management. The loan was arranged by Newmark.
Governor Hochul, Mayor Adams, and NYC Comptroller Lander Announce $500 Million for Affordable Housing
Agreement Designates Monies From the Battery Park City Authority’s Joint Purpose Fund To Be Spent for Affordable Housing. Builds on Commitment to Address New York’s Housing Crisis by Increasing Housing Stock With Safer, More Affordable, Quality Homes, Reducing Housing Cost Statewide. (WNY News Now) – Governor Kathy Hochul,...
Urban Square Obtains Construction Debt for Jersey City Multifamily
JLL Capital Markets secured $13.1 million in construction financing for the development of Vroom Street Apartments, a 42-unit mid-rise luxury apartment building to be located at 72-76 Vroom St. in the Journal Square submarket of Jersey City. A JLL team led by director Max Custer and associate Salvatore Buzzerio represented the borrower, Urban Square Properties, to secure the two-year loan through First Bank.
Send in your comments on “City of Yes for Housing Opportunity”
FRIENDS testified at the July 10 City Planning Commission Public Hearing on City of Yes for Housing Opportunity, the New York City Department of City Planning's suite of zoning text amendments meant to encourage and incentivize housing creation and address the affordability crisis in the city. Friends was among some 200 New Yorkers--advocates and concerned individuals--who came together to make their voices heard at the marathon hearing that lasted just under 15 hours.
The state of the New York City real estate market
Tenants who signed leases in Manhattan last month paid the same median rent as they did a year ago, making it the most expensive June on record. The leases for apartments this year were for units that were about 15% smaller in size. This is among the findings of real estate firm Douglas Elliman’s second quarter data on sales and rentals.
IPA Arranges $50M Refi on Newly Renovated SoHo Mixed-Use
IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, closed the $50-million refinancing of a newly renovated, Class A mixed-use office and retail property located at 580 Broadway in Manhattan’s SoHo neighborhood. Matthew Polci, Steven Buchwald and Rachael Krawiecki secured the financing for the property.
Top 5 Stories on Brownstoner This Week: A Partition Sale May Oust a Bed Stuy Family
Ayisha Doyle, like her mother and her children, was raised in the grand brownstone on Jefferson Avenue in Bed Stuy. She still calls the house home, one of five generations of her family who have done so since her great-grandparents purchased the 1880s single-family house in the 1940s. — Brooklyn developer...
SL Green Reaches Sellout at Giorgio Armani Residences
SL Green Realty Corp. announced the sellout of the exclusive Giorgio Armani Residences on Manhattan’s Upper East Side. All 10 residential units within the luxury condominium project are now under contract for gross consideration totaling $168.2 million. The sales are expected to close in the fourth quarter of 2024.
Developers Secure $69 Million Bridge Loan for Mason Gray At 959 Sterling Place In Crown Heights, Brooklyn
Invictus Real Estate Partners, a New York-based vertically integrated real estate private equity company, has announced the closing of a $69 million pre-TCO bridge loan for the Mason Gray, a residential property at 959 Sterling Place in Crown Heights, Brooklyn. The loan will support the completion of minor construction work on the seven-story building, allowing leasing to begin. Walker & Dunlop’s Mike Diaz and Aaron Appel arranged the financing for the project, which was developed by Hope Street Capital.
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