NYC Real Estate News

Thu, 10/29/2020 - 08:00

After receiving the blessing of Mayor Bill de Blasio to change outdated zoning restrictions in Soho, the Department of City Planning has laid out its blueprint for the neighborhood. The proposed rezoning would affect 56 blocks across Soho and Noho, where the city plans to do away with restrictions that permit only light manufacturing use on ground floors, despite the current proliferation of street-level retail in the area. It would pave the way for residential

The post Move over, artists: Soho rezoning blueprint calls for more apartments, legal retail appeared first on The Real Deal New York.

Thu, 10/29/2020 - 08:00
Exterior work is wrapping up on Greenwich West, a 30-story residential building at 110 Charlton Street in Hudson Square. Designed by Francoise of Loci Anima along with Adamson Associates, and developed by Strategic CapitalCape Advisors, and Forum Absolute Capital Partners, the property yields 170 units with sales handled by Corcoran Sunshine Marketing Group. Closings have commenced, with prices ranging from $1.1 million to upward of $7.95 million. Plaza Construction is responsible for building the project.
Thu, 10/29/2020 - 08:00
Radame Perez is a busy man. As chief operating officer of Mastermind LTD—his family's real estate development and property management firm—he is in charge of everything from investor relations to...

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Thu, 10/29/2020 - 07:30
The next URBY-branded development to debut in New Jersey will soon break ground in Downtown Newark. Led by developer L+M Partners, Newark URBY will eventually comprise 250 market-rate residences ranging from studios up to three-bedroom apartments and 4,000 square feet of ground-floor retail.
Thu, 10/29/2020 - 07:30

UPDATED, Oct. 21, 2020, 5:00 p.m.: Tenant protections at apartment buildings with federally backed mortgages didn’t stop landlords in Houston from trying to evict renters between March and July, when an agency-imposed ban was in place. In a July earnings call, Freddie Mac touted its eviction moratorium at properties with loans backed by the quasi-government agency. Nevertheless, dozens of landlords in the sprawling Gulf Coast port city filed nearly 6,000 evictions during that period, data

The post How tough is Freddie when it comes to protecting landlords and tenants? appeared first on The Real Deal New York.

Thu, 10/29/2020 - 07:30
The New York City region is at risk of losing an estimated $65 billion in gross domestic product annually if the federal government fails to allocate billions in aid to the Metropolitan...

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Thu, 10/29/2020 - 07:00

Farrah Lafontant hesitates to call herself a landlord. At least, she said, not a “corporate landlord.” Growing up in Brooklyn, she had heard East New York was one of those neighborhoods you avoid. But upon working there, she grew to appreciate the tight-knit community and later purchased a two-family home on a $36,000 salary through a now-defunct city program. The $1,300 a month from her rental unit made it possible. Within a few years, however,

The post Foreclosure filings ramp up, especially in minority neighborhoods appeared first on The Real Deal New York.

Thu, 10/29/2020 - 07:00
Permits have been filed for a three-story mixed-use building at 20-22 College Point Boulevard in Flushing, Queens. Located between 20th Avenue and 21st Avenue in College Point, the interior lot is closest to the Main Street subway station, serviced by the 7 train. Jinjie Wu under the AJ88 Development LLC is listed as the owner behind the applications.
Thu, 10/29/2020 - 07:00
Estimates for a return to the office by year’s end have been slashed by more than 40%, according to a recent survey of New York City's top firms. Only 15% of New Yorkers are expected back in the...

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Thu, 10/29/2020 - 06:30
Permits have been filed for two four-story residential buildings at 502-504 Chester Street in Brownsville, Brooklyn. Located between Lott Avenue and Newport Street, the adjacent lots are two blocks south of the Rockaway Avenue subway station, serviced by the 2, 3, and 4 trains. Chaim Sobel under the Urbyn Chester LLC is listed as the owner behind the applications.