NYC Real Estate News

Wed, 06/16/2021 - 15:55
The emergency benefit is set to expire when the $3.2B fund is depleted, or six months after the pandemic officially ends

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Wed, 06/16/2021 - 15:45

Kushner Companies paid $20.5 million for a slice of an assemblage in Miami’s Edgewater neighborhood, more than two years after going into contract on the property, The Real Deal has learned. Investor Enrique Manhard and his partners sold the 0.75-acre piece of a larger assemblage, at 2000 Biscayne Boulevard, to New York-based Kushner, led by Charles Kushner, Nicole Kushner Meyer and Laurent Morali. Kushner plans a nearly 400-unit apartment tower for the site, which will

The post All in on Miami: Kushner pays $21M for Miami apartment tower site appeared first on The Real Deal New York.

Wed, 06/16/2021 - 15:22
Who will pay for the government programs set up by the mayor after the pandemic relief money runs out?

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Wed, 06/16/2021 - 15:00

Two years after three Manhattan rental buildings were put up for sale to settle a dispute in arbitration, they ultimately were sold to a familiar buyer. Investor Alvin Dworman, chairman of the ADCO Group, sold the three properties for $65.1 million to Capital Enterprises Midtown LLC, an entity run by Michael Palin, Dworman’s former partner, property records show. The mixed-use buildings are located at 65 West 55th Street, 155 East 55th Street and 210 East

The post Alvin Dworman Sells 3 Manhattan Buildings for $65M appeared first on The Real Deal New York.

Wed, 06/16/2021 - 14:38

Simon Kaufman’s YS Developers scored a $63 million construction loan for a 14-story, 151-unit residential development in the Bronx. Scale Lending, the financing arm of Slate Property Group, provided the developer with the financing for the 135,000-square-foot project at 322 Grand Concourse in Mott Haven, the lender told The Real Deal. Martin Nussbaum, co-founder of Slate Property Group and Scale Lending, said the loan will help deliver housing units in a Bronx market that has

The post Bronx multifamily development gets $63M loan appeared first on The Real Deal New York.

Wed, 06/16/2021 - 14:30
New, high-end condo developments in New York City are taking kid-friendly amenities up a notch: Buildings like Saint Marks Place in Boerum Hill and The Kent in Yorkville are going beyond just bare-bones playrooms and playgrounds to offer luxurious, custom-designed spaces. Think: Indoor tree...
Wed, 06/16/2021 - 14:15
The proposed 334-foot tower would violate zoning regulations and deprive its neighbors of light, air and peace and quiet

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Wed, 06/16/2021 - 14:02

New York is going back to normal. Landlords feel left behind. Tuesday marked a major milestone for the state when Gov. Andrew Cuomo lifted nearly all remaining social distancing mandates and other safety precautions, some 16 months after pandemic-related lockdowns began. Dining out? Feel free to squeeze in next to strangers. Run a gym? Hourly disinfecting is now optional. Why, then, ask New York’s landlords, do tenants need 10 more weeks of an eviction moratorium?

The post Landlords ask Cuomo to ditch eviction ban after ending Covid restrictions appeared first on The Real Deal New York.

Wed, 06/16/2021 - 13:57
Rendering courtesy of Handel Architects As part of the Coney Island Phase I development, an affordable housing lottery launched today for 400 units, available to those earning 30, 40, 50, 60, 100, and 130 percent of the area median income. Located at 2926 West 19th Street, the new development is across the street from the Brooklyn Cyclones at MCU Park and just steps away from the Coney Island Stillwell Avenue Q train station and the historic Coney Island boardwalk and beach. Available apartments range from $367/month studios to $2,250/month three-bedrooms. Renderings courtesy of Handel Architects The two-tower, 16-story project comes from L+M Development Partners […]
Wed, 06/16/2021 - 13:52
The Innovo Property Group, which has scooped up several warehouses in the past few years, plans to redevelop the property

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