NYC Real Estate News

Thu, 05/19/2022 - 11:00

First, let’s get one myth out of the way: Home prices did not rise faster in the suburbs than in urban areas when the pandemic hit. Urban home values outperformed their suburban counterparts for the first 15 months of Covid, through July 2021, as they had since the beginning of 2013. But in the past nine months, that trend has reversed, according to a report by Zillow. Since July, the typical suburban home has gained

The post Where have home values grown more, suburbs or cities? The answer may surprise you appeared first on The Real Deal New York.

Thu, 05/19/2022 - 10:13
All photos by Yoo Jean Han for Sotheby’s International Realty Celebrated interior designer and decorator Muriel Brandolini is selling her four-story brownstone on the Upper East Side for $9,500,000. Brandolini, known for her “modernist-tropical” style reflective of her French-Vietnamese upbringing, decorated her home at 167 East 80th Street with art, patterns, and statement lighting, creating highly-livable spaces on every floor. Outside, a long private rear garden surrounded by bamboo gives the home a vacation vibe. Constructed in 1899, the brownstone stands out among its neighbors for the greenery that is climbing up its facade. The home has four bedrooms, two and a half baths, and two […]
Thu, 05/19/2022 - 09:45

The New York Public Library isn’t taking a page from the rest of Manhattan’s beleaguered office market, instead signing a sizable lease in Midtown. The NYPL signed a 33-year lease at ABS Partners Real Estate’s 270 Madison Avenue, the Commercial Observer reported. The office space is across three floors of the 19-story building, covering 41,000 square feet. Financial terms of the lease weren’t disclosed. ABS did create a structure, however, that will allow the library

The post NY Public Library leases 41k sf for Midtown offices appeared first on The Real Deal New York.

Thu, 05/19/2022 - 08:45

Multifamily deals in Manhattan and the Bronx highlighted an otherwise slow week for mid-market investment sales as a handful of longtime New York City landlords traded apartment buildings for between $10 million and $40 million. Landlord Yechiel Newhouse bought a 96-unit apartment building at 1514 Sedgwick Avenue in Morris Heights, the Bronx, for $22.5 million. The seller was Sharp Management, which bought the building for $21.7 million in 2014. The 13-story property was built in

The post Old-guard landlords cash out in Manhattan, Bronx multifamily deals appeared first on The Real Deal New York.

Thu, 05/19/2022 - 08:00
Façade work is continuing on 2551-2555 Broadway, a 22-story residential building on Manhattan’s Upper West Side. Designed by Thomas Juul-Hansen with Stephen B. Jacobs Group as the architect of record and developed by Paragon JV Properties III, the 276,578-square-foot structure will yield 130 units averaging 1,660 square feet each as well as 9,080 square feet of ground-floor retail space. Leeding Builders Group is the general contractor and RC Structures is the concrete contractor for the property, which is located at the corner of Broadway and West 96th Street.
Thu, 05/19/2022 - 08:00

Compass is planning an aggressive expansion on the North Fork as the market becomes increasingly like an extension of the Hamptons. The firm, which entered the market in March 2021, has opened an office at 54100 Main Road, Southold, and recruited three teams since the start of the year. In the months ahead, it plans to grow its agent count from six to 30 and could open a second location in Greenport. “It used to

The post Compass aims to grow its North Fork agent count fivefold appeared first on The Real Deal New York.

Thu, 05/19/2022 - 07:45
Complying with Local Law 97 is a complicated, expensive undertaking for many property owners

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Thu, 05/19/2022 - 07:30
New renderings from Caliendo Architects reveal a five-story mixed-use property at 215-16 Northern Boulevard in Bayside, Queens. From West Egg Development, a real estate investment firm founded by local developer Sam Eshaghoff, the building will comprise a mix of residential units, 4,800 square feet of retail on the building’s lower level, and a sub-grade parking lot.
Thu, 05/19/2022 - 07:30
The unique fruit will now be on Whole Foods shelves

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Thu, 05/19/2022 - 07:15
Short-term listings in the five boroughs have reached more than 22,000, while rental inventory is about 7,500

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