Guttenberg
REAL ESTATE
Halfway through 2024, these are the 10 most expensive homes sold in North Jersey
We're only a little more than halfway through 2024, but North Jersey has already seen many luxury home sales take place across our region. Between mansions on several acres of land, amenities like home theaters and wine cellars, and properties owned by professional athletes, we've kept track of the grandest homes that...
Buyer Under Contract at Oak Ridge Ave in Nutley - Charming Starter Home
Congratulations to my buyer who is under contract at 165 Oak Ridge Ave. in Nutley. This charming starter home is just steps away from parks and downtown, featuring a spacious living area, lovely backyard, and so much potential.CLICK HERE TO SIGN UP FOR THE FREE TAPINTO.NET NEWSLETTER Can’t wait to see what my buyer does to turn it into the true dream home! Great working with the Rubino Ryder Team to get this home to the closing table! Zachary Sebek is a Realtor-Associate® specializing in residential real estate in northern New Jersey and provides the highest level of customer service to his clients. He has built a solid foundation of clients in this community through his professionalism, attention to detail, and his commitment to always put his client's needs first.DOWNLOAD THE FREE TAPINTO APP FOR MORE LOCAL NEWS. AVAILABLE IN THE APPLE STORE AND THE GOOGLE PLAY STORE. In 2021, 2022, & 2023. Sebek was awarded with the NJ Realtors® Circle of Excellence Sales Award®. For more local news, visit TAPinto.net
Renderings Reveal Liberty Landing Affordable Housing Conversion at 550 West 20th Street in West Chelsea, Manhattan
New renderings have been revealed for Liberty Landing, an affordable housing conversion and expansion of the former Bayview Correctional Facility at 550 West 20th Street in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed in a joint venture between Camber Property Group and Osborne Association, the $108 million project will involve the repurposing of the 100,000-square-foot Art Deco building and the construction of a seven-story addition atop its parapet. The development will yield 124 permanently affordable housing units, with 74 dedicated to formerly incarcerated individuals, as well as 15 short-term transitional homes for individuals with mental health challenges, on-site supportive services, and a ninth-floor outdoor terrace. The property is located at the corner of West 20th and West Streets, across from Hudson River Park and directly abutting Jean Nouvel’s residential tower at 100 Eleventh Avenue.
Underutilized City-Owned Parking Lot To Become Affordable Housing Project In East Harlem
Timbale Terrace, which will deliver 341 homes – 100 percent of them affordable – to East Harlem, has received final approval and will now advance to construction financing. The development will be built on an underutilized City-owned parking lot on Park Avenue between 118th and 119th Streets and...
Immigrant Housing Finds New Purpose in Formerly Subsidized Housing Projects in New York City
New Yorkers report that subsidized housing buildings in New York City, originally intended for low-income local families, are now exclusively housing foreigners. This legislative adjustment has provoked heated debate among local people and advocacy organizations. The decision to repurpose these housing units stemmed from an upsurge in immigrant arrivals, which...
NYC magnet fishers who reeled in a $100K safe are squatting in relative’s home: suit
A couple who went viral after using a magnet to fish a safe stuffed with $100,000 out of a Queens lake are deadbeat tenants squatting in their relative’s house, according to their landlord. Barbie Agostini and her partner, James Kane, allegedly still haven’t paid more than $15,000 in back rent to Barbie’s younger sister, Kathleen, who claims the couple has for months refused to leave the duplex apartment she’s been renting them in Jamaica, Queens. This despite the couple’s magnet-fishing windfall they reeled up in Flushing Meadows Corona Park May 31, with Kane estimating 40% of the water-logged cash was still intact. Judge...
An affordable housing lottery just opened on Staten Island
The idea of finding an affordable apartment in New York City that is pet-friendly and has in-unit laundry is unheard of and often impossible. Now, however, in a new housing lottery from NYC Housing Connect, you can have this, and more. With additional amenities including a gym, rooftop terrace, playground, dog park, covered parking, bike storage, green space, recreation room, electric vehicle charging stations outdoor areas, the lottery for Water’s Edge—the name of the apartment building—is an opportunity you don’t want to miss.
The Henry Residences Tops Out At 211 West 84th Street on Manhattan’s Upper West Side
Construction has topped out on The Henry Residences, an 18-story residential building at 211 West 84th Street on Manhattan’s Upper West Side. Designed by Robert A. M. Stern Architects with Hill West Architects as the architect of record and developed by Naftali Group, which purchased the property for $71 million in 2022, the 209-foot-tall structure will span 154,598 square feet and yield 45 condominium units with an average scope of 3,371 square feet, as well as 2,898 square feet of ground-floor retail space, a cellar level, and 17 enclosed parking spaces. The building has nearly 250 feet of frontage along West 84th Street from the corner of Broadway to the middle of the city block.
U.S. home prices hit a record high as sales fell. Here’s how housing experts explain the trends
U.S. median home prices hit a record high for the second month in a row as sales continued to fall, according to a report released last week, as potential buyers continue to lie in wait for lower mortgage rates. Existing home sales fell 5.4% in June and median home sales reached its highest level on […]
Elmo Realty Secures $27.5 Million For Multifamily Development In West Harlem
Elmo Realty has successfully secured $27.5 million in construction financing to develop a multifamily building on the site of a former historic church in West Harlem. This project, located at 1763-1771 Amsterdam Avenue, will feature 126 studio apartments and will soon be operated by a homeless shelter. The loan was provided by Metropolitan Commercial Bank, marking a significant investment in the community.
JDS’ 111 West 57th lands Manhattan’s top contract
JDS Development and Property Markets Group’s 111 West 57th Street capped off a busy July for Manhattan’s luxury market. A duplex at the Billionaires’ Row supertall, asking $27 million, was the priciest home in the borough to land a signed contract last week, according to Olshan Realty’s weekly report. In total, buyers inked deals for 23 Manhattan properties asking $4 million or more, up from 20 in the previous period.
Free tip to towns: Rather than burning taxpayer money, comply with affordable housing law | Opinion
Families in New Jersey are currently facing two interconnected challenges: historic levels of income inequality and an unprecedented housing affordability crisis. Soaring housing costs have made it extremely difficult for many hard-working people and vulnerable communities — including seniors, people with disabilities, and caregivers — to keep a roof over their heads.
Boutique apartment building in Jersey City more than 75 percent leased, developers say
Starling at 66 Monitor St. in Jersey City — Courtesy: Alpine Residential/Fields Grade. Alpine Residential and Fields Grade have leased more than 75 percent of their new 39-unit luxury apartment building in Jersey City, the firms announced last week. Known as Starling, the property at 66 Monitor St. hit...
Crown Heights HDFC Co-op With Woodwork, Mantel, Two Bedrooms Asks $745K
Perks of this income restricted two-bedroom, one-bath co-op include an abundance of prewar charm, high ceilings, and low monthly maintenance. It’s on the second floor of an early 20th century apartment building at 465 Eastern Parkway, about a 15 minute stroll from the Brooklyn Museum and Brooklyn Botanic Garden.
Arctaris Impact Provides Key Opportunity Zone Investment in $475 Million Mixed Income Development in Gowanus, Brooklyn
BROOKLYN, N.Y.--(BUSINESS WIRE)--Jul 29, 2024-- Arctaris Impact Investors, LLC, a Boston-based impact investment firm that leads revitalization initiatives in underserved communities, made a $27 million equity investment in 310 and 340 Nevins Street, a $475 million mixed-use/mixed-income project in Brooklyn’s Gowanus neighborhood. The transaction marks Arctaris Impact’s first investment in Brooklyn and will support New York City’s efforts to transform a formerly contaminated industrial area into an economically diverse and vibrant community. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240729598100/en/ (Graphic: Business Wire)
John Catsimatidis Brings His West Harlem Hustle To Secure Major Funding For Chelsea Development
John Catsimatidis who grew up in West Harlem is a prominent figure in NYC business, has secured a significant $57 million construction loan for his latest project in Chelsea. This development marks another milestone in Catsimatidis’ expanding real estate portfolio, showcasing the entrepreneurial spirit that has driven his success from humble beginnings to becoming a major player in the city’s development scene.
Jordan Zimmel secures three landmark leases in Northern NJ
NORTHERN NJ — Jordan Zimmel, VP of Zimmel Associates, has orchestrated the acquisition of three leases, and two sales across New Jersey. Levine, Furman, and Rubin, LLC, esteemed Estate Planning and Elder Law Attorneys from East Brunswick, sought premium office space in the Monroe, Marlboro, or Morganville area. Leveraging his expertise, Jordan Zimmel identified a promising sublease opportunity. When the sub-tenant negotiated a buyout, Zimmel transitioned to a direct lease agreement with the landlord, securing a 5,000 s/f space "as-is" for a five-year term under the original sub-lease conditions. This prime property located at 1113 – 1116 Campus Dr. West in Morganville, managed by CBRE, is now the new home for Levine, Furman, and Rubin, LLC, with Zimmel representing the tenant and orchestrating a flawless transaction.
A Peek Inside Her Agenda: Tricia Lee
Tricia Lee is a Real Estate Broker at Serhant Real Estate and one of the stars of the Netflix reality show, Owning Manhattan. Coined as the “honorary mayor of Brooklyn,” Tricia made a name for herself in the borough when she owned and operated her chain of nail and beauty bars, Polish Bar Brooklyn, for over 10 years in Fort Greene/Clinton Hill and Prospect Heights. Through her business, she built a vast network of folks in Brooklyn and used her network to propel her real estate career. She hit record-breaking sales in her first year of real estate, has made over $300M in sales, and has many accolades in her career, including Compass Real Estate’s 2016 Rookie of the Year and Top 5 Black Brokers in Brooklyn in 2024. Ryan Serhant recruited Tricia to work at his brokerage in 2021, where she runs Team Tricia Lee alongside her partner, Jeffrey St. Arromand.
Permits Filed for 809 Midwood Street in Brownsville, Brooklyn
Permits have been filed for a four-story residential building at 809 Midwood Street in Brownsville, Brooklyn. Located between East 48th Street and Schenectady Avenue, the lot is near the Sutter Avenue-Rutland Road subway station, serviced by the 3 train. Moshe Steinmetz under the MS Investments 3 LLC is listed as the owner behind the applications.
NYC Housing Calendar, July 29-Aug. 5
City Limits rounds up the latest housing and land use-related events, public hearings and affordable housing lotteries that are ending soon. Welcome to City Limits’ NYC Housing Calendar, a weekly feature where we round up the latest housing and land use-related events and hearings, as well as upcoming affordable housing lotteries that are ending soon.
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