North Hills
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...
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.
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...
New Development With Over 100 Affordable Apartments Completed In Westchester
Construction of an all-new six-story apartment building in Westchester with more than 100 affordable units has been completed with help from New York state officials. The grand opening of Summit on Hudson, located in Yonkers just a half-mile from the city's Metro-North train station, was celeb…
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 …
Mary Tyler Moore's former Greenwich house sees $2 million price reduction
After hitting the market last September for $21.9 million, the former house of actor Mary Tyler Moore has taken another price cut this month. Last week, the price of home belonging to the "Ordinary People" actor was cut down by $2 million— down to $16.9 million, according to Zillow records. In April, the price of the property was cut by $3 million — down to $18.9 million at the time.
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.
“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.
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...
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.
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 […]
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...
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...
Lenders Foreclose on Hell’s Kitchen’s Landmarked McGraw-Hill Building
The McGraw-Hill Building on W42nd Street is facing foreclosure after owners Deco Towers Associates allegedly defaulted on a $140 million loan package meant to convert a portion of the office tower into residential units. Lenders Blackstone and Rialto Capital have initiated foreclosure proceedings against the owners in two separate complaints filed on Tuesday and Wednesday […] The post Lenders Foreclose on Hell’s Kitchen’s Landmarked McGraw-Hill Building appeared first on W42ST.
Zeckendorf, Atlas Capital nab $1B for luxury project on Hudson
Zeckendorf Development and Atlas Capital Group have secured a $1 billion loan to finance the project at 80 Clarkson Street, the New York Post reported. The loan, which may be Manhattan’s largest residential construction loan since before the pandemic, was provided by London-based Cale Street Partners and San Francisco-based Farallon Capital Management. The financing was arranged by a Newmark team led by Jordan Roeschlaub.
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.
Namdar’s Midtown office property faces foreclosure
Igal Namdar and Empire Capital are making a contrarian bet on Manhattan office properties. But one of their assets is challenging that investment thesis. Benefit Street Partners recently initiated a Uniform Commercial Code foreclosure on the joint venture’s office properties at 345 7th Avenue. Walker & Dunlop’s Aaron Appel,...
Empowering Queens: NHSQ Housing Expo 2024
Neighborhood Housing Services of Queens’ (NHS of Queens) Housing Expo, held June 29th at the Queens Museum, was once again a resounding success. Hundreds of community members received assistance to obtain homeownership and secure stable housing. Yoselin Genao-Estrella, Executive Director of NHS of Queens, proudly reflected on the Expo’s...
The Lirio Breaks Ground At 364 West 54th Street In Hell’s Kitchen, Manhattan
The Hudson Companies and Housing Works recently celebrated groundbreaking for The Lirio, a mixed-use development located at 364 West 54th Street in Hell’s Kitchen, Manhattan. The project will transform a vacant parking lot into 112 permanently affordable homes, office space for the MTA, and neighborhood retail space. It was designed by CetraRuddy and is being built in partnership with the New York City Department of Housing Preservation & Development, the Metropolitan Transportation Authority, and other partners.The Lirio will provide 67 units of supportive housing for formerly homeless individuals, including 59 units targeted for long-term survivors of HIV/AIDS, 44 affordable homes for families earning between 30 and 120 percent of area median income, and one superintendent unit. Beyond that, the property will be home to approximately 30,000 square feet of office space for the MTA and retail space along Ninth Avenue.
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