Paterson
REAL ESTATE
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...
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...
Refusal To Expand Housing Opportunities Renders Four Of The Five Rockland County Towns Ineligible For State Funding
Only Ramapo, And Villages Of Haverstraw, Nyack & Kaser On Path To Participate In State’s Pro-Housing Community Program. For years, the Town of Clarkstown has been seeking millions of dollars in New York State grants, including money from the Downtown Revitalization Initiative (DRI), for its stalled Transit Oriented Development project in Nanuet.
“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.
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...
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.
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.
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.
SL Green Reaches Sellout at Giorgio Armani Residences
SL Green Realty Corp. announced the sellout of the exclusive Giorgio Armani Residences on Manhattan’s Upper East Side. All 10 residential units within the luxury condominium project are now under contract for gross consideration totaling $168.2 million. The sales are expected to close in the fourth quarter of 2024.
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