East Newark
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...
See all homes sold on Staten Island, July 15 to July 21
The following is a listing of all home transfers in Staten Island reported from July 15 to July 21. There were 2 transactions posted during this time. During this period, the median sale for the area was a 2,502-square-foot home on Taylor Street that sold for $1,011,122. Taylor Street, 10310,...
An affordable housing lottery just opened up on the Brooklyn waterfront
As much as we love Brooklyn, the rents are getting way out of hand—especially if you’re a little pickier about living somewhere with air conditioning and no roaches. Luckily, the city still has programs that set aside a certain amount of units in brand-new luxury buildings for all of us who aren’t millionaires (yet).
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.
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.
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...
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.
Staten Island Home of the Week: A $2.89M Colonial with in-ground pool, movie theater on Grymes Hill
STATEN ISLAND, N.Y. -- This Colonial-style home with a brick exterior, located at 246 Howard Avenue, Grymes Hill, is currently on the market for $2,890,000, according to the Staten Island Multiple Listing Services, MLSSINY.com listing. The property offers 6,000-square-feet of living space on a 13,200-square-foot lot. The home features four...
See all homes sold on the Mid-Island, July 8 to July 14
The following is a listing of all home transfers in Mid-Island reported from July 8 to July 14. There were 13 transactions posted during this time. During this period, the median sale for the area was a 1,496-square-foot home on College Avenue that sold for $660,000. Staten Island. 2 Elmwood...
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,...
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.
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.
Parts of NYC’s housing proposal can work on Staten Island, say real estate experts
EDITOR’S NOTE: Tipping Point? is a journalistic initiative launched by Advance/SILive.com to inform Staten Islanders how NYC’s City of Yes for Housing Opportunity proposal could impact the borough. The plan, which will be voted on by the City Council this year, calls for significant zoning changes designed to spur development of new homes and apartments amid a citywide housing shortage.
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.
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...
NYC Pension Adopts ‘First in Nation’ Guidelines for Private Real Estate Investments
New York City Comptroller Brad Lander on Wednesday outlined new standards for private real estate investments within the portfolio of the New York City Employees’ Retirement System, which has adopted the standards into its investment policy. The standards have been proposed for the city’s other four pension systems.
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.
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