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REAL ESTATE
An affordable housing lottery just opened on Manhattan’s Lower East Side
The Lower East Side continues to be one of the coolest neighborhoods in New York City, boasting good restaurants (Fish Cheeks and Golden Diner, for instance) and cultural hotspots like the Tenement Museum, the New Museum and yes, even Dimes Square. Living there, however, is hella expensive. According to RentHop.com, the average monthly rent price in 2024 was $3,300 for a studio with the median price at about $5,825.
Alpine Mansion With Golf Course, Bowling Alley Breaks Sale Records For 2024 In NJ
The gated home at 4 Stone Tower Drive in Alpine, which sprawls across 22,782 square feet and sits on four acres of land within the Rio Vista section of the borough, sold for $16.7 million on Wednesday, July 17. Designed by renowned architect James Paragano, the home's buyer was represented...
Westchester home designed with striking 1980s flair lists for $4.7M
A modernist beachfront home designed by the late architect Myron Goldfinger is on the market for $4.7 million. It’s the first time the home has been for sale since it was built in 1982. The five-bedroom, six-bath spread, which has been featured in shelter magazines over the years, is at 30 Beachfront Lane in New Rochelle, NY. It’s part of a tony, gated community of just 12 homes, 35 minutes by car from the city. This Miami mansion found a buyer in a day — for $34M in cash At 5,903 square feet, the house sits on 0.38 acres, and comes with a pool...
#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...
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...
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.
City of Yes: A Little More Housing in Every Neighborhood
Our city is facing a generational housing crisis with a vacancy rate at 1.4%, and half of all New York renters are paying more than 30% 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.
Abstract Westchester Home Designed By Esteemed Architect Listed For $2.9M
A Westchester home with a less-than-conventional design from an architect who graduated from an esteemed art school could be yours for several million dollars. The property, which dates back to 1937 and is located at 29 Penny Lane in Scarsdale, is now listed for $2.998 million by Christie's In…
“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.
Renter demand in NYC drops as asking rent continues to increase: StreetEasy
NEW YORK (PIX11) – People in New York City are looking to stay in their current apartments instead of moving this summer as rent continues to increase, according to a new study from StreetEasy. The median asking rent in the Big Apple was $3,800 a month in June, over 1% higher than last year’s asking […]
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...
List: Affordable housing lotteries open in the Bronx
THE BRONX, N.Y. (PIX11) – Four affordable housing lotteries are currently open in the Bronx, according to NYC Housing Connect. NYC Housing Connect is an online portal where people can find and apply for affordable housing opportunities in New York City. Here’s a list of the affordable housing lotteries open in the Bronx, including the […]
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.
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.
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 …
$221.5M Jersey City Apartment Building Sale Marks Largest Multifamily Transaction in NJ in Nearly Five Years
Two of the taller buildings that have popped up in Jersey City’s Paulus Hook neighborhood over the last decade have officially changed hands and fetched a price that makes the deal the largest multifamily transaction in New Jersey in nearly five years. Representatives of CBRE recently announced the sale...
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.
Brooklyn Heights townhouse closes for $22.1M, second priciest single-family home sale in the borough
The second priciest single-family home ever sold in Brooklyn has officially closed. The Anglo-Italianate five-bedroom townhouse at 1 Sidney Place in Brooklyn Heights sold for $22.1 million in April; Glossier founder Emily Weiss was identified as the buyer. About a half mile away, the borough’s most expensive single-family sale remains 8 Montague Terrace, which sold for $25.5 million in 2020.
Brooklyn Heights One-Bedroom With Stained Glass, Mantel Asks $725K
In a striking flats building near the Brooklyn Heights Promenade, this one-bedroom apartment has some fine features, including wood floors, a mantel, and a bay window with window seat and stained glass windows. Those are all contained in a practical layout which also includes a bit of storage space with four closets.
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