NYC Real Estate News

Mon, 05/20/2019 - 17:30
In a somewhat ironic ruling, a New York state Supreme Court judge ruled that Maverick Real Estate Partners can’t foreclose on a Chelsea apartment building because the lender didn’t abide by the terms of their loan agreement. Maverick had sued the owner of 416 West 25th Street, an entity controlled by Andreas Steiner, accusing the borrower of violating the terms of a consolidated loan agreement valued at $3.6 million. However, last week Judge Arlene Bluth […]
Mon, 05/20/2019 - 17:00
Syosset Park deal appears dead amid dispute over $1M in fees A joint venture has pulled out of its purchase of 150 Miller Place from Oyster Bay’s Department of Public Works and demanded the town pay back a $30 million deposit and hundreds of thousands of dollars in fees, Newsday reported. Syosset Park Development LLC is a partnership between Simon Property Group and Manhasset-based Castagna Realty. They reached an agreement on the sale in 2013, […]
Mon, 05/20/2019 - 16:15
Joseph Sitt’s Thor Equities and Uzi Ben Abraham and Yaron Jacobi’s Premier Equities continue to shed retail properties with the sale of a Madison Avenue site and a four-story walkup near Union Square that traded for $11 million. These are the mid-market investment sales that were recorded last week with the city’s Department of Finance. 1. Thor and Premier Equities parted with Madison Avenue retail property. Genghis Hadi’s Nahla Capital bought the property, located at […]
Mon, 05/20/2019 - 15:45
A construction worker died on Saturday after falling from an unguarded scaffold at Milstein Properties’ 335 Madison Avenue. Giuseppe Pagano, 49, of Queens, was cleaning debris on a scaffold on the fifth floor when he fell through a part of the structure that didn’t have guardrails, according to the city’s Department of Buildings and New York Police Department. He fell 30 feet to the second floor and was transported to the hospital, where he was […]
Mon, 05/20/2019 - 15:15
Glad to have you here again for our Tri-State issue, a quarterly supplement taking the real estate market’s temperature outside of New York City. This time around, we’ve got the skinny on the latest wheelings and dealings in the commercial and residential space, from our rundown on the ever-changing restaurant and retail scene on the East End of Long Island to Kathryn Brenzel’s interview with iStar CEO Jay Sugarman about his bid to bring $6 million […]
Mon, 05/20/2019 - 15:07
Blue Apron's stock has lost 93% of its value since going public two years ago. On Monday management essentially broke the emergency glass.The Manhattan-based meal-kit company said it would execute a...

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Mon, 05/20/2019 - 14:53
A proposal that would grant Congress access to New York state filed by President Donald Trump has been revised to address concerns that it could jeopardize the privacy of anyone who files a return...

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Mon, 05/20/2019 - 14:49
TodayTix has booked $73 million in its latest funding round. The funding round, announced Thursday, was led by private-equity firm Great Hill Partners. TodayTix, a six-year-old mobile-ticketing...

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