NYC Real Estate News

In a rental market as expensive and competitive as New York City, having to pay a broker fee can seem like the final insult at the end of a long, painful search. The fee is usually 12 to 15 percent of the annual rent and when stacked on top of the first month's...

Leaning over the “Apex,” All photos courtesy of Edge If simply standing on the highest outdoor observation deck in the Western Hemisphere isn’t enough of a thrill, how about scaling the outside of a supertall skyscraper? On Tuesday, Edge, the 100th-floor sky deck that opened at 30 Hudson Yards last spring, debuted “City Climb,” a ticketed adventure that challenges visitors to cross a series of open-edged outdoor platforms and stairs along the top of the tower, which stands over 1,200 feet tall. When it officially opens on November 9, City Climb will become the highest external building climb in the world. “The Stair” Led by trained guides, climbers are strapped […]

In a warehouse in Harrison, New Jersey, Assembly OSM’s first apartment destined for a real-life project sits waiting. The one-bedroom unit occupies the middle of the weathered space like two puzzle pieces yet to be fit into the larger picture (both literally and figuratively, as neither the startup nor its partner SHoP Architects would disclose the project’s location or developer). “We put it together like an Ikea piece of furniture,” said Chris Sharples, co-founder of

The post Modular construction firm founded by SHoP principals unveils first apartment appeared first on The Real Deal New York.

Photo credit: Stephanie Powell, MW Studios for Sotheby’s International Realty This classic loft studio in the landmarked building at 1 Bond Street was, for 23 years, the home of actor Anthony Rapp, who played the leading role of Mark Cohen in the Broadway hit “Rent,” as well as in the film version. The actor, who had lived in an East Village walk-up much like the ones featured in the play, purchased the downtown loft 23 years ago for $375,000 saved from his burgeoning acting career. The 1,250 square-foot second-floor studio–with beautifully designed custom renovations added by Rapp over the years–is now asking $1.95 million. Rapp […]

New technology and stricter standards allow them to better track a development’s carbon footprint.

Construction is nearing completion on 30 East 31st Street, a 39-story residential tower in NoMad. Designed by Morris Adjmi Architects and developed by Ekstein Development and Pinnacle Real Estate, the 479-foot-tall structure will yield 70,000 square feet and 42 units marketed by Reuveni Real Estate. The homes average 1,700 square feet and range in price from $1.65 million to upward of $12 million. 30 East 31st Street is located between Madison Avenue and Park Avenue South.

Gov. Kathy Hochul ushered in a fresh set of protections for New York tenants last week. After the rent-law overhaul of 2019 and the eviction moratorium of 2020 and 2021, they are not earth-shattering. Real estate, however, views the move as foreshadowing. With Hochul’s re-election run just one year out, landlord groups foresee the governor — a western New York moderate — working to align with the left on housing, a shift that could push

The post Landlords smell “good cause” in Hochul’s new tenant protections appeared first on The Real Deal New York.

Excavation and foundation work are progressing at 220 West 28th Street, site of Fashion Institute of Technology's New Academic Building in the Garment District of Chelsea. Designed by SHoP Architects, the ten-story, 110,000-square-foot structure will rise from a slender rectangular plot between Seventh and Eighth Avenues. The site is within walking distance of Penn Station, Madison Square Garden, and Moynihan Train Hall and is aiming for LEED Gold certification. EE Cruz & Company Inc. is the general contractor for the project.

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This month, construction broke ground for Casa Celina, a 205-unit affordable housing development for seniors in the Soundview section of The Bronx. The development site is located at the corner of Watson and Thieriot Avenues and is the latest addition to the Justice Sonia Sotomayor housing complex.