NYC Real Estate News

Mon, 03/01/2021 - 15:20

The governor was at the peak of his powers — a rising star in the Democratic Party and the most feared figure in the state of New York. Within a week, it all came crashing down. The year was 2008 — so long ago that word of Eliot Spitzer’s resignation arrived in newsrooms by fax. The world has changed since then, but in ways that will only make it harder for Gov. Andrew Cuomo to

The post Five reasons Andrew Cuomo is doomed appeared first on The Real Deal New York.

Mon, 03/01/2021 - 14:58
MoCaFi, a Harlem-based digital banking company, now has the backing of both Citigroup and Mastercard in its mission to close the racial wealth gap.    The fintech startup has closed a $12 million...

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Mon, 03/01/2021 - 14:55

Michael Stern sold his duplex at Walker Tower for less than he’d hoped. The 4,748-square-foot unit sold for $21 million, 24 percent less the $27.8 million it was initially listed for in June 2019, according to property records. The deal pencils out to $4,423 per square foot. But Stern is still making off with a tidy profit. He bought the unit at Walker Tower, which his firm JDS Development Group developed alongside Kevin Maloney’s Property

The post Michael Stern’s Walker Tower pad sells for 24% under ask appeared first on The Real Deal New York.

Mon, 03/01/2021 - 14:31
Listing photos courtesy of Douglas Elliman Sea Cliff is a charming waterfront community in Nassau County’s Oyster Bay, and because of its location on a bluff, many of its homes have spectacular views of the Long Island Sound. This historic mansion not only has these views, but it’s set on 1.6 acres full of beautiful landscaping and trees. The home itself, which was built in 1913 by prominent architect Ogden Codman Jr., is just as stunning, with coffered wood-paneled walls, built-ins, moldings, and original fireplaces. Known as Westways, the property just hit the market for $2,890,000. According to the listing, the […]
Mon, 03/01/2021 - 14:13
The pandemic is continuing to wreak havoc on Manhattan’s office market, with availability rates in the borough for February hitting yet another record high. The availability rate in the borough...

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Mon, 03/01/2021 - 14:10
The nation’s stable economy and expanding tourism market have helped drive international interest right through the pandemic.
Mon, 03/01/2021 - 14:04
Blackstone Group Chief Executive Stephen Schwarzman took home at least $610 million in 2020. That was 20 times more than JPMorgan’s Jamie Dimon, but only the third most remunerative year in the past...

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Mon, 03/01/2021 - 14:01

U.S. construction spending reached the highest level on record last month as both local and federal governments began loosening the purse strings. Spending hit a seasonally adjusted annual estimated rate of $1.5 trillion across all sectors last month, the highest recorded since the Census Bureau began tracking this figure in 2002. January’s rate was up 1.7 percent from December’s revised estimate and up 5.8 percent from the year prior. Homebuilding was largely responsible for the

The post Construction spending hits new record in January appeared first on The Real Deal New York.

Mon, 03/01/2021 - 13:19
New York City is restarting $17 billion in construction projects, Mayor Bill de Blasio announced Monday. “We are going to get fully back to work with a host of major construction projects, capital...

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Mon, 03/01/2021 - 13:19
New York City is restarting $17 billion in construction projects, Mayor Bill de Blasio announced Monday. “We are going to get fully back to work with a host of major construction projects, capital...

To view the full story, click the title link.