Jackson Heights, Queens, is an affordable neighborhood with lots going for it. There’s a central transit hub, great restaurants, and loads of beautiful pre-war buildings. This co-op, at 35-27 80th Street, is well known in the neighborhood as the Greystones, an early 1900s building that’s part of the Jackson Heights Historic District. This one-bedroom apartment for sale, asking $388,500, is a classic pre-war pad with some modern details like open shelving and a renovated eat-in kitchen. The apartment last sold in 2010 for $260,000. Co-op details include the original hardwood floors, moldings, and high ceilings. The current owner has added […]
Isaac Kassirer is expanding into the Upper West Side, with the pending purchase of a three-building multifamily portfolio for just shy of $100 million, The Real Deal has learned. Kassirer’s Emerald Equity Group is in contract to acquire the contiguous six-story rental properties at 210, 220 and 230 West 107th Street from the Orbach Group, sources said. If it closes, the deal would be one of the few big-ticket multifamily transactions struck this year. The […]
For only the third time in its history, a 48-acre private island on the gold coast of Long Island is hitting the market. And the sellers want a very Gatsbyesque sum — $125 million. In 1919, Junius Morgan, grandson of J.P. Morgan, commissioned a 27,000-square-foot mansion on the North Shore island, which he called “Salutation.” The island, now called “Dosoris Island,” overlooks the Long Island Sound and comes with six houses, 46 acres of land, […]
A self-driving vehicle, photo via GM General Motors will bring a fleet of self-driving cars to a 5-square-mile section of lower Manhattan early next year, becoming the first company to deploy autonomous cars in New York City. As the Wall Street Journal learned, in partnership with driverless-car developer Cruise Automation, GM’s testing will include an engineer in the driver’s seat to monitor the performance and a second person in the passenger seat. In May, Governor Andrew Cuomo and the state began accepting applications from companies interested in autonomous technologies in New York. GM and Cruise’s planned testing will become the first time Level […]
Foreign banks held $71.6 billion worth of commercial real estate loans backed by U.S. properties during the second quarter of the year, a sign many point to as proof there’s still confidence in the overall economy and market fundamentals. That figure is up from $59.3 billion in the second quarter last year and $38.3 billion at the same point in 2015, according to data from Trepp reported by the Wall Street Journal. Overseas banks have […]