NYC Real Estate News

Wed, 07/28/2021 - 09:00
Listing photos by Nico Arellano for CORE It’s always fun to see the big, suburban homes of Bay Ridge, Brooklyn, with their varying architectural styles. This six-bedroom Arts & Crafts beauty is on the market for $5.5 million, and it’s certainly something different. Inside, a recent renovation restored period details from its construction in 1910 like coffered ceilings, marquetry floors, and built-ins, while adding modern takes on the style like barrel-vaulted ceilings and a wine cellar. Outside, the property feels like a magical garden, with a pool, waterfall, and fire pit. The front and side yards provide even more outdoor space and tons […]
Wed, 07/28/2021 - 09:00
A renovated 1840s farmhouse in Bucks County, an 1890 Victorian in Denver and an energy-efficient retreat on Lopez Island.
Wed, 07/28/2021 - 08:30
When it comes to pesticides, even the ones that sound benign can be dangerous, unless you know what you’re doing.
Wed, 07/28/2021 - 08:30
When it comes to pesticides, even the ones that sound benign can be dangerous, unless you know what you’re doing.
Wed, 07/28/2021 - 08:00

Why fight City Hall when you can make real estate deals with it instead? The City of New York was active in the property market last week as both a buyer and seller, scooping up land for schools in Inwood while selling development rights in Greenpoint. The week’s largest deal was for a homeless shelter in Hell’s Kitchen sold by Triumph Hotels co-founder Shimmie Horn for just over $25 million. The building is operated by

The post City agencies grease the wheels of investment sales appeared first on The Real Deal New York.

Wed, 07/28/2021 - 08:00
An Environmental Assessment Statement reveals plans for a 40-story tower designed by Skidmore Owings & Merrill at 415 Madison Avenue in Midtown East, Manhattan. The applicant 415 Madison Avenue LLC is seeking special permits as part of the ULURP process to construct a 605-foot-tall commercial building on the northeast corner of Madison Avenue and East 48th Street. Rudin Management currently owns the site, which houses a 24-story structure yielding 270,000 square feet of boutique office space. It opened in 1955 and has floor plates ranging from 5,000 to 15,000 square feet.
Wed, 07/28/2021 - 07:30
Exterior work is getting close to completion on 52-03 Center Boulevard, a 587-foot-tall skyscraper in Hunters Point, Queens, and its shorter 475-foot-tall sibling at 52-41 Center Boulevard. Designed by ODA Architecture with SLCE Architects as the architect of record, the 46- and 56-story towers are part of TF Cornerstone's Hunters Point South development, which is set to yield a grand total of 1,194 residential units. Of these, 719 will be designated for affordable housing. 52-03 and 52-41 Center Boulevard are situated along the waterfront esplanade of the East River and are bound by Center Boulevard to the west, Borden Avenue to the north, 2nd Street to the east, and 54th Avenue to the south.
Wed, 07/28/2021 - 07:00

In the commercial mortgage-backed securities world, conduit loans have always been the bread and butter of the market. But while CMBS issuance has come roaring back this year after a rough 2020, conduit loan issuance — which involves long-term refinancing loans that get packaged with other loans, securitized and sold to investors — is still lagging. Two other types of CMBS loans have accounted for the bulk of new issuance this year: commercial real estate

The post CMBS loan issuance is booming — but not in the usual areas appeared first on The Real Deal New York.

Wed, 07/28/2021 - 07:00
The next phase of development at 2856 Webster Avenue, a new affordable housing complex in Bedford Park, The Bronx will introduce a sprawling new grocery store operated by Cherry Valley Marketplace. The retailer has committed to operate under guidelines established New York City's Food Retail Expansion to Support Heath (FRESH) program, which promotes the establishment and retention of grocery stores that dedicate required selling space to perishable food items within underserved communities.
Wed, 07/28/2021 - 06:30
The affordable housing lottery has launched for 38 Stratford Road, a five-story residential building in Prospect Park South, Brooklyn. Designed by Tecnico Engineering, the structure yields 17,188 square feet and 14 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $167,570.