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REAL ESTATE
#1 and #2 Wealthiest Suburbs in America Are Located in New York
New York State is a great place to live. While its New England neighbors often get attention for their great quality of life, New York has a ton to offer its residents. From its rich history, natural beauty, and diverse culture, there is something for everyone. It likely won't come...
NYC developer gets nearly $1B loan to build residential towers overlooking Hudson River
As foundation work proceeds on two dramatically styled downtown apartment towers, the high-profile riverfront project just landed the cash foundation it needed. Atlas Capital Group nailed down a $985 million construction loan to build the towers at 80 Clarkson Street, which it’s developing with Zeckendorf Development and Baupost Group, sources told The Post. The fresh financing — believed to be the largest Manhattan residential-construction loan since before the pandemic — means the full-block project will soon “go vertical” at the Hudson River site between Houston and Clarkson streets. Related Companies to build 1,200-foot skyscraper on Madison Avenue One tower is expected to...
Guest Opinion | City of Yes: A Little More Housing in Every Neighborhood
BY NYC MAYOR ERIC ADAMS | Our city is facing a generational housing crisis with a vacancy rate at 1.4 percent, and half of all New York renters are paying more than 30 percent of their income in rent. The only way to solve this crisis is simple: build more. That requires all of us to say “Yes” to a little more housing in every neighborhood and “Yes” to City of Yes for Housing Opportunity plan — the most pro-housing zoning proposal in New York City’s history.
A look inside the $27.5M mansion in NJ that has everything
Frick Drive in Alpine is chock full of homes that are celebrations in spending. Homes of 10 or 20 million dollars or more are often bought and sold on this vaunted street. Somehow “street” seems too belittling a term. Let’s call it a “thoroughfare”. One...
Marcus & Millichap brokers $2.1M sale of 8-unit multifamily property in West New York
An eight-unit multifamily building in West New York has been traded for $2.115 million, or $264,000 a unit, thanks to Marcus & Millichap. “The seller hired us on a very tight deadline as he had already identified their upleg on a 1031 Exchange. We immediately executed our marketing process, generating over 15 offers in writing, ultimately securing the strongest buyer who would close all-cash within two weeks of contract signing,” Jonathan Zamora, first vice president, investments, in Marcus & Millichap’s New Jersey office, said.
This $2.5M Bed-Stuy home is a reimagined vision of the classic 19th-century townhouse
Set among the historic brownstones of Brooklyn’s Bedford-Stuyvesant neighborhood, this compact three-story townhouse at 647 Macon Street is a fetching combination of history and modern living. Built in 1899, the two-family townhouse has been renovated from top to bottom, making it a turnkey dwelling with rental income opportunity in the form of a garden flat. Asking $2,495,000, the charming townhouse has the clean, classic vibe of a country home, with five bedrooms and plenty of 21st-century necessities and luxuries.
Affordable Housing Waiting List Opens at The Max
If you fall in the 40%, 60% and 120% AMI brackets, the affordable housing waiting list for The Max at 606 W57th Street is accepting applications for current and future vacancies. Two studios, four one-bedrooms and four two-bedroom units are available now at the luxury residential development between 11th and 12th Avenues. You can also […] The post Affordable Housing Waiting List Opens at The Max appeared first on W42ST.
Exquisite Haworth Home Sells For $370K Over Asking Price (Photos)
A Bergen County home sold for $2.265 million — and $370,000 over asking price. The more than 5,600-square-foot home at 157 Grant St. in Haworth boasts five bedrooms, five bathrooms, and multiple exquisite upgrades, listing agent Tony Nabhan of Keller Williams City Views says. Highlights of the home include...
210 Warren Avenue, Mamaroneck, NY 10543, Mamaroneck, NY 10543 - $789,000
Listings courtesy of OneKey MLS as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Bergen County Estate Built By Renowned Architect Listed At $7.5M
A home in Alpine designed by the renowned architect has hit the market for $7.5 million. The listing agents are Richard Orlando and Jason Pierce of Prominent Properties Sotheby's International Realty. The 6-bedroom, 9-bathroom home at 16 Dogwood Ln. has all the fixings, including a diamond cut limestone exterior, Vermont...
5-Story Multifamily Residential Building Coming To Heart Of Westchester Village
A five-story residential building containing more than 150 apartment units is set to be built in the center of a Westchester County village in close proximity to a Metro-North train station. The 1.44-acre development, to be known as the Station Lofts, will be located in Port Chester at 67 New …
Net-Leased Williamsburg Industrial Lands $12M Refi
Loan originator David Brody with Eastern Union arranged $12 million toward the refinancing of a one-story, 35,210-square-foot industrial building in the Williamsburg section of Brooklyn. The property is currently net-leased by the City of New York. The refinancing carried a 65% loan-to-value ratio. The loan’s term was five years, with...
The Estela In Mott Haven, Affordable Luxury In The South Bronx
Today the Domain Companies announced the opening of Estela, the two-building rental development just thirty minutes from Harlem, NY. The Estela, which has 380 market rates and 164 affordable rental apartments to Mott Haven, is 80 percent leased. This milestone follows a year of leasing, with residents moving in as...
One of Manhattan’s last 421a development sites is for sale
Metin Negrin’s Lexin Capital put the development site at 75 Nassau Street on the market, offering materials show. Lexin is eyeing a valuation around $75 million, either in an outright sale or through the sale of a partial stake, according to a source familiar with the site. One of...
Park Slope townhouse tops Brooklyn luxury contracts
Townhouses’ total reign atop Brooklyn’s luxury contracts has come to an end. The property still dominated the top half of the most expensive contracts from July 8 to July 14, but the second priciest listing to sign a deal went to a condo. The week marks the first time the top two contracts in Brooklyn worth over $2 million aren’t both townhouses since the last full week of May.
Silverstein Secures Leases with Law Firm, Columbia University in Midtown
Silverstein Properties finalized two new lease signings at 1177 Ave. of the Americas in Midtown Manhattan. Law firm Faegre Drinker Biddle & Reath LLP, a longtime tenant, will relocate within the building to occupy floors 41-43, totaling 42,394 square feet. The Trustees of Columbia University signed a 15,375-square-foot lease on the 34th floor at the building, moving its headquarters from 405 Lexington Ave.
Penthouses prop up Manhattan’s luxury contracts
Penthouses are king in Manhattan this month, powering the borough’s luxury market through slower mid-summer weeks. The property type has accounted for nearly a quarter of all the luxury contracts signed in Manhattan in the last two weeks, according to Olshan Realty’s weekly report on properties asking $4 million or more.
Excavation Readies for 29-Story Residential Tower At 15 West Street in Greenpoint, Brooklyn
Site clearing is complete at 15 West Street, where a 29-story residential building is planned to rise within Cooper Robertson Partners‘ Calyer Place master plan in Greenpoint, Brooklyn. Designed by SLCE Architects and developed by Halcyon Management Group, the property is alternatively addressed as 30 Porte Plaza and located at the corner of West and Quay Streets.
Hakimian Affiliate Lands $175M Construction Takeout for Woodside Mixed-Use
Eight West, an affiliate of The Hakimian Organization, has secured a $175-million construction take-out loan from Apollo and Lionheart Strategic Management to finance its newest development, SOLA. The 12-story, 364-unit mixed-use residential project is located at 72-01 Queens Blvd. in Woodside. Newmark arranged the financing for Eight West. The team...
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