NYC Real Estate News

Fri, 12/02/2022 - 16:15

Two brokers can’t seem to agree on how to split commission from an office lease, and Avison Young has no interest in trying to settle the dispute any further. The commercial real estate brokerage filed an interpleader action in Manhattan on Wednesday, asking the New York Supreme Court to weigh in and resolve the matter between brokers Keith Caggiano and Roshan Shah. Caggiano and Shah are at odds over a roughly $900,000 commission from a

The post CRE brokers wrestle over $900K commission for 650 Madison appeared first on The Real Deal New York.

Fri, 12/02/2022 - 15:15

Just two weeks ago, Avi Philipson told All Year Holdings it wanted out of its deal to buy All Year’s sprawling Brooklyn real estate portfolio. Now Philipson and his investor group are back in, but at a reduced price. Philipson’s Paragraph Partners and All Year have settled their dispute and Philipson is set to acquire the 100-plus assets — mostly walk-ups in northern Brooklyn — next year. Philipson’s group will pay $43.5 million in cash

The post Avi Philipson deal to acquire All Year portfolio is back on appeared first on The Real Deal New York.

Fri, 12/02/2022 - 14:37

If the project fails to stay on track, residents and businesses in the five boroughs could suffer electricity shortages, warn industry observers

Fri, 12/02/2022 - 14:30

Rihanna’s Savage X Fenty is rolling out another retail location in the tri-state area. The lingerie brand signed a 3,300-square-foot lease at the Cross County Center open shopping center in Yonkers, the New York Business Journal reported. The 10-year lease covers a space previously occupied by New York & Company. Asking rent for the Westchester County retail space was $225 per square foot. Savage X Fenty was represented in-house for the lease at the 1.2

The post Rihanna’s Savage X Fenty heads to Yonkers appeared first on The Real Deal New York.

Fri, 12/02/2022 - 14:30
Photo courtesy of The Corcoran Group Perched 24 floors above New York City, this three-bedroom penthouse condo on the border of Chelsea and Nomad features a living room wrapped in floor-to-ceiling glass. Just beyond, a wraparound terrace offers an al fresco eyeful of the Empire State Building and the Hudson River. Asking $6,995,000, this sleek 2,190-square-foot home in the Noma at 50 West 30th Street has 10-foot ceilings, a keyed elevator entrance, fine finishes, and impressive amenities. Direct elevator access yields a spacious foyer/gallery. Just beyond is the living room, wrapped with 40 feet of floor-to-ceiling steel-framed factory-style windows. For all-season living and entertaining, […]
Fri, 12/02/2022 - 13:38

Brett Herschenfeld and the firm have teamed up with Caesar’s in a bid for Times Square

Fri, 12/02/2022 - 13:15

UPDATED, Dec. 2, 2022, 3 p.m.: Co-living: an idea whose time has come — at least twice, so far. One year after the pandemic drove Quarters into bankruptcy, the co-living firm’s flagship property in Williamsburg has hit the market. Developer David D. Dweck is looking to sell the 160-bedroom, 62,600-square-foot campus on North 6th Street between Bedford and Driggs Avenues, for $65 million. A multifamily building and a townhouse include four- and five-bedroom apartments, which

The post Co-living firm’s ex-flagship asks $65M appeared first on The Real Deal New York.

Fri, 12/02/2022 - 12:55
This week’s properties are a four-bedroom in Garden City, N.Y., and a five-bedroom in Norwalk, Conn.
Fri, 12/02/2022 - 12:48
All photos courtesy of Walks Official guided tours of Grand Central Terminal are returning for the first time since the start of the pandemic. MTA Metro-North announced this week City Experiences’s sightseeing company “Walks” will become the new operator of the official tour of Grand Central. Tours of the historic landmark are available daily, starting at 3 p.m. Tickets cost $35 for adults and $30 for children. Tour guides will take visitors on a 90-minute tour through the architectural gem, offering a new perspective on one of the world’s most famous train terminals and exploring the impact it’s had on the city and transportation. Guests […]
Fri, 12/02/2022 - 12:30

Manhattan and Brooklyn’s residential markets notched small wins last month amid rising interest rates and constrained inventory. Signed contracts rose month-over-month for the third time since August in Manhattan and increased in Brooklyn for the first time in the same period, according to a monthly report by appraisal firm Miller Samuel for Douglas Elliman. Both have been falling falling annually since April as levels struggle to come up against last year’s historically hot “rocketship,” report

The post Manhattan and Brooklyn resi markets continue fall back to Earth appeared first on The Real Deal New York.