NYC Real Estate News

Photo credit: Evan Joseph Actress and comedian Amy Schumer is selling her Upper West Side penthouse at 190 Riverside Drive, the Wall Street Journal reports. Asking $15,000,000, Schumer purchased what she calls her “Manhattan dream apartment” for $12,150,000 in 2016. Surrounded on every side and on the roof above by 3,000 square feet of verdant planted terraces, and centered around a glass-wrapped solarium living room, the five-bedroom, 4,500-square-foot condominium is indeed a New York City dream home–even if it’s no longer a secret. Schumer told the Journal she and her husband, chef Chris Fischer, are moving–likely to Brooklyn–to be closer to their son’s […]

Gary Barnett doesn’t do many interviews. But it turns out that he has a lot of opinions. The billionaire founder and president of Extell Development shared a few in a rare sit-down Thursday, including: that he should not have to pay millions of dollars to holdout tenants; that it’s wrong to say foreign buyers of luxury apartments are “parking their cash;” that rents are not soaring but returning to pre-pandemic levels; and that developers often

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CBRE cast another vote of confidence in flex-office provider Industrious, handing the co-working startup another nine-figure sum. The company announced this week it was investing another $100 million in Industrious. Part of the investment will go towards accelerating international expansion for the co-working company, which recently announced international acquisitions in Asia and Europe. Jamie Hodari, CEO and co-founder of Industrious, said the investment assures the company can “grow on a global scale to meet current

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Exterior work is wrapping up on FÖRENA, a 12-story residential building at 540 Sixth Avenue in Chelsea. Designed by Morris Adjmi Architects and developed by Landsea Homes and DNA Development, the 80,000-square-foot structure will yield 50 units in one- to three-bedroom layouts marketed by Fredrik Eklund and John Gomes of The Eklund Gomes Team at Douglas Elliman, with pricing starting at $1.575 million. Ryder Construction is the general contractor for the property, which is located at the corner of West 14th Street and Sixth Avenue.

A new room in Manhattan, billed as ‘one of the quietest in the world,’ is designed to help developers and architects defend your ears.

If price increases are prohibited, fewer people will get needed supplies

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Developers and city officials recently joined to celebrate the start of construction on a dual-building affordable housing complex in Brownsville, Brooklyn. The development site is located on Newport Street between Thatford and Rockaway Avenues and will debut as Bridge Rockaway.

Studio owner Steve Marshall has become a neighborhood activist as the city prepares to redevelop the area surrounding Penn Station

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The affordable housing lottery has launched for 2735 East 13th Street, a seven-story mixed-use building in Sheepshead Bay, Brooklyn. Designed by Eran A. Birnbaum and developed by Eddie Yair, the structure yields 16 residences and 7,511 square feet of community facility space. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $156,130.

Activity in New York City’s investment sales market continued to rebound in the first quarter of 2022, but a slowdown could be on the horizon as rising rates drive up borrowers’ costs. Dealmakers bought and sold 582 properties in the quarter, a year-over-year jump of 53 percent, according to a report by Ariel Property Advisors. Those transactions totaled $8.9 billion, a whopping 320 percent increase from the first quarter of last year and roughly in

The post Rising interest rates will dampen city’s investment sales market this year appeared first on The Real Deal New York.