NYC Real Estate News

Wed, 09/28/2022 - 11:08

For the second straight year, Labor Day was cast as a flashpoint for post-pandemic office life. And for the second straight year, the holiday left properties feeling empty. After a surge in occupancy post-Labor Day, attendance already appears to be leveling off, Bloomberg reported. Kastle Systems card-swipe data on the week of Sept. 21 show occupancy in New York City, the country’s largest office market, was down slightly from the previous week at 46.1 percent.

The post Office occupancy stalls after Labor Day push appeared first on The Real Deal New York.

Wed, 09/28/2022 - 10:45
Photo by Marius Ciocirlan on Unsplash With autumn in New York City officially here, you can take in the changing leaves and crisp air, and there are few places better to do that than a local farm. Some of the best spots near town offer apple and pumpkin picking, in addition to a slew of other fall-ready activities, making it easy to bring some of the season home with you. Ahead, we’ve rounded up our 10 favorite spots to check out. Photo by Shinya Suzuki / Flickr cc 1. Lawrence Farms Orchards 306 Frozen Ridge Road, Newburgh, NY 845-562-4268 This family-run farm located […]
Wed, 09/28/2022 - 09:57

A Brooklyn landlord was sentenced to jail three years after a fire at his building resulted in the death of an elderly tenant. A judge sentenced Flatbush landlord Evener Leon, 62, to six months in jail and five years of probation stemming from the 2019 fire, The City reported. Leon was convicted of criminally negligent homicide in May, though he was acquitted on manslaughter charges, according to Brooklyn Paper. The fire started during the early

The post Flatbush landlord sentenced in deadly space heater fire appeared first on The Real Deal New York.

Wed, 09/28/2022 - 09:16

The bill marks the city’s effort to “stop the hemorrhaging” of small businesses who have struggled to transition to online sales during the pandemic

Wed, 09/28/2022 - 09:16
With historic architecture, stunning river views and a lower-key vibe than other upstate areas, this Greene County community is growing in popularity.
Wed, 09/28/2022 - 08:45

Apartment projects on Long Island have become so difficult that a developer who sought to build 44 units in Suffolk County might instead do a handful of single-family homes — if that. Bay Shore–based MR Property Builders is trying to chart a path forward after the Babylon Town Board voted against a rezoning proposal, Newsday reported. The unanimous decision was another setback in a project that has been steadily shrunk over a five-year period. The

The post Honey, they shrunk the housing: Long Island project withers appeared first on The Real Deal New York.

Wed, 09/28/2022 - 08:00
Construction is complete on 2505 Broadway, a 19-story residential building on Manhattan’s Upper West Side. Designed by ODA and developed by Adam America Real Estate, the 75,000-square-foot structure yields 44 condominiums in one- to four-bedroom layouts, many of which come with private outdoor terraces. Ariel Tirosh and Douglas Elliman Development Marketing are the exclusive sales and marketing agents for the property, which is located near the corner of Broadway and West 93rd Street.
Wed, 09/28/2022 - 08:00
A spate of 2021 sales across Ireland has left a scant supply of homes, with many city dwellers taking their remote work to the country.
Wed, 09/28/2022 - 08:00

When residential dealmaking dries up, brokerages have to find unconventional ways to generate money. Douglas Elliman rolled out a payday loan service platform to its brokers, providing an alternate source of revenue as the industry braces for a down market. Tongo, a third-party platform backed by New Valley Ventures, Elliman’s investment arm, lets brokers borrow up to 75 percent of a pending commission for a 3 to 5 percent fee charged every 30 days. Tongo

The post Elliman gets into payday loan business as market cools appeared first on The Real Deal New York.

Wed, 09/28/2022 - 07:30

UPDATED Sept. 8, 2022, 12:45 p.m.: Whether it’s Amazon’s headquarters in Seattle, Meta’s campus in the Bay Area or a 30-story office and data center in Downtown L.A., Kevin Shannon has sold it all. The Newmark broker’s 33-person team has brokered nearly $7.5 billion worth of real estate deals this year alone. And while dealmakers tend to specialize in one or two asset classes, Shannon doesn’t discriminate. He’ll close the $730 million sale of a

The post The Closing: Kevin Shannon appeared first on The Real Deal New York.