East Orange
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...
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...
NYC currently offering affordable housing units near the water
The Housing Connect website in New York City offers affordable housing opportunities, including apartments near the water, with rents significantly lower than the city's average, and amenities including pools, gyms, and concierge services.
“Not even distressed” rent-stabilized property sells for peanuts
Yet another rent-stabilized apartment building sold for such a bargain that it raises the question: How low can prices go?. Held since the 1950s by a family firm, 610 West 204th Street in Manhattan traded to an Albanian couple for $3.8 million — just $79,000 per unit, according to Marco Lala, the broker on the deal.
See all homes sold on the South Shore, July 8 to July 14
The following is a listing of all home transfers in South Shore reported from July 8 to July 14. There were 17 transactions posted during this time. During this period, the median sale for the area was a 2,438-square-foot home on Woodrow Road that sold for $965,000. Staten Island. 160...
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...
Permits Filed for 126 Manhattan Avenue in Williamsburg, Brooklyn
Permits have been filed for a five-story residential building at 126 Manhattan Avenue in Williamsburg, Brooklyn. Located between Montrose Avenue and Johnson Avenue, the lot is near the Lorimer Street subway station, serviced by the J, M, and Z trains. Alon Ashourzadeh is listed as the owner behind the applications.
Joe Sitt loses two Manhattan buildings to foreclosure
Joe Sitt’s Thor Equities lost two of its Manhattan retail properties to foreclosure this week, Crain’s reported. One, in the Meatpacking District, was grabbed by Maverick Real Estate Partners. The other, in Soho, went to Kansas-based Midland Loan Services. Manhattan-based Maverick filed a complaint against Thor in January...
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.
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.
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.
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...
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.
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.
SAGE Investment Real Estate Advisors sells property in Elizabeth for $4.2M; names Herskowitz principal
SAGE Investment Real Estate Advisors continued its strong start in North Jersey as it announced its third recent multifamily trade, with the $4.2 million sale of 105 Grove St., in the Elmora section of Elizabeth. Steve Tragash, firm co-founder and partner, exclusively represented the private individual seller and procured the...
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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