NYC Real Estate News

A popular tax break is expiring in the United Kingdom in January, threatening the country’s status as a shopping destination and potentially dealing another blow to struggling retailers. The scheme allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30, or roughly $40, according to the Wall Street Journal. That can add up, especially for foreign visitors dropping serious coin in pricey shops on

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Turkish investment giant Dogus Holdings AS has agreed to sell a 30 percent stake in a high-end Istanbul shopping mall to a wing of Qatar’s sovereign wealth fund. The deal is said to value the Istanye Park property at $1 billion, Bloomberg News reported. The buyer is Qatar Fund, which is owned by the Qatar Investment Authority. Dogus is expected to use the $300 million or so in proceeds to pay its bank lenders, per

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A sprawling Riverside County ranch once owned by actor John Wayne is back on the market for $8 million. The 2,000-acre property dubbed Rancho Pavoreal in the town of Sage was last on the market in 2018, according to the Los Angeles Times. It was marketed for cannabis cultivation, among other things. It also asked $8 million at the time. Now Rancho Pavoreal is being touted as an equestrian compound, cattle ranch, shooting range, camp

The post John Wayne’s former Riverside County ranch relists for $8M appeared first on The Real Deal New York.

Though it appears that demolition preparations have been put on hold for Tower Fifth, a proposed 1,556-foot-tall office skyscraper by Macklowe Properties, a new batch of renderings offers greater detail on the structure, which would become New York City's tallest by roof height. Gensler is speculated to be the designer of the supertall project, which is located along East 51st Street between Madison Avenue and Fifth Avenue, directly to the north of St. Patrick’s Cathedral.

A former Jehovah’s Witness Hotel at 90 Sands Street in DUMBO, Brooklyn will soon be transformed into 491-unit residential property with a mix of deeply affordable and supportive housing units. From Breaking Ground, New York City’s largest supportive housing developer, construction is expected to kick off before the end of November.

Permits have been filed for a seven-story residential building at 308 Linden Boulevard in Flatbush, Brooklyn. Located between Nostrand Avenue and New York Avenue, the lot is two blocks from the Church Avenue subway station, serviced by the 2 and 5 trains. David Halberstam under the 308 Linden Boulevard LLC is listed as the owner behind the applications.

Permits have been filed for a four-story residential building at 87-34 124th Street in Richmond Hill, Queens. Located between Jamaica Avenue and 89th Avenue, the interior lot is two blocks from the 121st Street/Jamaica Avenue subway station, serviced by the J and Z trains. Garwant Singh is listed as the owner behind the applications.

It’s discomforting to realize that air pollution can be coming from inside your home. Here’s how to identify and rid yourself of the risks.

Incessant barking is the top complaint to animal-control centers. As always, it’s better to start with a personal approach.

A rise in demand for heating equipment has left some products back-ordered for months, possibly jeopardizing prospects for some businesses of getting through the pandemic intact.