Colonia
Real Estate
Real estate prices on the rise: How much does it now cost to buy a home on Staten Island?
STATEN ISLAND, N.Y. – Home prices on Staten Island are continuing to climb, a new report from the Staten Island Board of Realtors (SIBOR) notes, and the median sales price across the borough now hovers at $665,000 -- 5% higher than last year’s average. The data, which was...
Saudi tycoon slashes price of never-lived-in NYC penthouse by $64M — initially listed for $169M
Saudi retail magnate Fawaz Al Hokair has drastically slashed the price of his pristine 432 Park Ave. penthouse to a cool $105 million, The Post has learned. This staggering reduction comes after nearly three years of trying to unload the opulent pad, originally listed for a higher $169 million. Al Hokair, who scooped up the 8,200-square-foot residence in 2016 for $87.66 million, has never spent a single night in the Billionaires’ Row aerie, meaning it comes in mint condition. Back then, his purchase was one of the highest-priced deals for a New York residence. Here’s how much it costs to call...
Six most expensive homes sold in South Brunswick, April 29 - May 19
A house in Dayton that sold for $797,600 tops the list of the most expensive residential real estate sales in South Brunswick between Apr 29 and May 19. In total, nine residential real estate sales were recorded in the area during the past three weeks, with an average price of $678,591. The average price per square foot was $339.
This N.Y. city made recent ranking of the best housing markets for first-time homebuyers
STATEN ISLAND, N.Y. -- If you’re a first-time homebuyer looking to settle in an affordable city, where the homes are moderately priced and there’s plenty of room to grow, NYC might be a hard sell. But according to a new study by SmartAsset -- a financial technology company...
Commercial building to apartment conversions rose 17 percent last year: report
Story at a glance The number of vacant commercial buildings transformed into apartments jumped by more than 17 percent last year, according to a report from RentCafe. Since 2010, more old and unused factories, warehouses, hotels and office buildings are being adapted into apartments as the need for housing grows in the United States.…
One of America’s most famous lyricists lived in this NYC penthouse that’s now for sale
Ira and George Gershwin created beautiful music that defined the American Jazz Age — and for a time, the brothers did so while living side by side in adjacent penthouses on Manhattan’s Upper West Side. Now, Ira’s three-bedroom, 3½-bath residence at 33 Riverside Drive is on the market for $5.19 million — a drop from what the sellers paid for it almost a decade ago. The roomy 2,000-square-foot residence last traded in 2016 for $5.99 million. Ira Gershwin’s famed UWS penthouse available for a song Born in Brooklyn to Russian-Jewish immigrants, the Gershwin brothers lived in the building from 1929...
You Can Rent This Fifth Avenue Penthouse Overlooking the Met for $90,000 a Month
At least four of Fifth Avenue’s luxury apartment houses were designed by James E.R. Carpenter, a leading architect of some of New York City’s finest residential buildings in the early 1900s. One of his prewar edifices, which looms over the storied strip at 988 Fifth Avenue, was built in 1925 with just 12 apartments spread over 14 floors. Over the years, the elegant building has housed notable tenants like Watson B. Dickerman, the former president of the New York Stock Exchange, and now, a duplex penthouse at the storied address, available to rent fully furnished for $90,000 a month, could...
10 most expensive homes sold in Essex County, May 13-19
A house in Short Hills that sold for $1.9 million tops the list of the most expensive residential real estate sales in Essex County in the past week. In total, 82 residential real estate sales were recorded in the county during the past week, with an average price of $647,135. The average price per square foot was $305.
Massive affordable housing community proposed for Gowanus Canal area
NEW YORK -- Hammering and the hum of heavy machinery hang in the air on the Gowanus waterfront. It's living proof of the change that is taking place in this neighborhood daily. A massive construction boom is underway."There's no displacement of low- and moderate-income folks of color," explained Michelle de la Uz, executive director of Fifth Avenue Committee, a nonprofit that is part of a team of developers working on Gowanus Green, a large, fully affordable community that will include six buildings with almost 1,000 apartments, a new public school, and a waterfront park."There is a solution to our affordable...
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