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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...
Guest Opinion | City of Yes: A Little More Housing in Every Neighborhood
BY NYC MAYOR ERIC ADAMS | Our city is facing a generational housing crisis with a vacancy rate at 1.4 percent, and half of all New York renters are paying more than 30 percent 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.
NYC developer gets nearly $1B loan to build residential towers overlooking Hudson River
As foundation work proceeds on two dramatically styled downtown apartment towers, the high-profile riverfront project just landed the cash foundation it needed. Atlas Capital Group nailed down a $985 million construction loan to build the towers at 80 Clarkson Street, which it’s developing with Zeckendorf Development and Baupost Group, sources told The Post. The fresh financing — believed to be the largest Manhattan residential-construction loan since before the pandemic — means the full-block project will soon “go vertical” at the Hudson River site between Houston and Clarkson streets. Related Companies to build 1,200-foot skyscraper on Madison Avenue One tower is expected to...
This $2.5M Bed-Stuy home is a reimagined vision of the classic 19th-century townhouse
Set among the historic brownstones of Brooklyn’s Bedford-Stuyvesant neighborhood, this compact three-story townhouse at 647 Macon Street is a fetching combination of history and modern living. Built in 1899, the two-family townhouse has been renovated from top to bottom, making it a turnkey dwelling with rental income opportunity in the form of a garden flat. Asking $2,495,000, the charming townhouse has the clean, classic vibe of a country home, with five bedrooms and plenty of 21st-century necessities and luxuries.
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...
Marcus & Millichap brokers $2.1M sale of 8-unit multifamily property in West New York
An eight-unit multifamily building in West New York has been traded for $2.115 million, or $264,000 a unit, thanks to Marcus & Millichap. “The seller hired us on a very tight deadline as he had already identified their upleg on a 1031 Exchange. We immediately executed our marketing process, generating over 15 offers in writing, ultimately securing the strongest buyer who would close all-cash within two weeks of contract signing,” Jonathan Zamora, first vice president, investments, in Marcus & Millichap’s New Jersey office, said.
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.
Park Slope townhouse tops Brooklyn luxury contracts
Townhouses’ total reign atop Brooklyn’s luxury contracts has come to an end. The property still dominated the top half of the most expensive contracts from July 8 to July 14, but the second priciest listing to sign a deal went to a condo. The week marks the first time the top two contracts in Brooklyn worth over $2 million aren’t both townhouses since the last full week of May.
Net-Leased Williamsburg Industrial Lands $12M Refi
Loan originator David Brody with Eastern Union arranged $12 million toward the refinancing of a one-story, 35,210-square-foot industrial building in the Williamsburg section of Brooklyn. The property is currently net-leased by the City of New York. The refinancing carried a 65% loan-to-value ratio. The loan’s term was five years, with...
The Estela In Mott Haven, Affordable Luxury In The South Bronx
Today the Domain Companies announced the opening of Estela, the two-building rental development just thirty minutes from Harlem, NY. The Estela, which has 380 market rates and 164 affordable rental apartments to Mott Haven, is 80 percent leased. This milestone follows a year of leasing, with residents moving in as...
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...
Hakimian Affiliate Lands $175M Construction Takeout for Woodside Mixed-Use
Eight West, an affiliate of The Hakimian Organization, has secured a $175-million construction take-out loan from Apollo and Lionheart Strategic Management to finance its newest development, SOLA. The 12-story, 364-unit mixed-use residential project is located at 72-01 Queens Blvd. in Woodside. Newmark arranged the financing for Eight West. The team...
Excavation Readies for 29-Story Residential Tower At 15 West Street in Greenpoint, Brooklyn
Site clearing is complete at 15 West Street, where a 29-story residential building is planned to rise within Cooper Robertson Partners‘ Calyer Place master plan in Greenpoint, Brooklyn. Designed by SLCE Architects and developed by Halcyon Management Group, the property is alternatively addressed as 30 Porte Plaza and located at the corner of West and Quay Streets.
Queens is king of outer-borough office sales in recent years
Brooklyn has long held a reputation for being the city’s top market for office property outside of Manhattan. But recent data shows that Queens scored the most deal volume over the past two and a half years. Though the difference in total volume was small — just under $114...
Developer Watermark Capital Plans 30-Story Tower for Landmarked Duffield Street Houses
Brooklyn developer Watermark Capital intends to construct a 30-story apartment tower on the site of the landmarked Duffield Street houses in Downtown Brooklyn, public records show. Potentially the tower could cantilever over the historic houses, which could serve as entrances — if the project meets with approval of the Landmarks Preservation Commission.
Brooklyn Real Estate Listings Six Months Later: One Sold, Two Still Available
This week, a look back at four of our featured listings from six months ago focuses on homes in Park Slope, Clinton Hill, Midwood, and Windsor Terrace. How did they fare?. It has quite a grand street presence, and this 1880s Romanesque Revival townhouse also boasts original details like pocket doors, wainscoting, and mantels along with some later colorful baths. In the Park Slope Historic District at 17 Montgomery Place, it’s unusually wide at 30 feet and comes with a nearby parking space. This former House of the Day is still available for $8.5 million, a price cut of $1.25 million.
Permits Filed for 30-Story Tower at 188 Duffield Street in Downtown Brooklyn
Permits have been filed for a 30-story mixed-use building at 188 Duffield Street in Downtown Brooklyn. Located between Willoughby Street and Myrtle Avenue, the lot is near the Hoyt Street subway station, serviced by the 2 and 3 trains. Duffield Developers under the 188 Duffield LLC is listed as the owner behind the applications.
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