NYC Real Estate News

Thu, 07/02/2020 - 12:11
The number of jobless New Yorkers appears stuck around , even as much of the state progresses to the final phases of . The number of individuals receiving unemployment insurance benefits fell by...

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Thu, 07/02/2020 - 11:38

The U.S. added 4.8 million jobs in June and the unemployment rate fell to 11.1 percent, beating economists’ expectations. Some 7.5 million people have been brought back to work since more than 20 million jobs were shed in April. A surge in coronavirus infections, however, threatens to slow the momentum. “The job market recovered at a much faster than anticipated pace in June, with strong job growth and a surprisingly large drop in the unemployment

The post Retail and hospitality led June job gains as virus surged appeared first on The Real Deal New York.

Thu, 07/02/2020 - 11:30
Credit: Peter Clements Architect P.C A housing lottery launched this week for 126 affordable and moderate-income apartments in the Bronx neighborhood of Longwood. Located at 975 Tiffany Street, the rental features a fitness center, a community facility, bike storage, and a laundry room. Qualifying New Yorkers earning 30, 40, 50, 60, and 100 percent of the area median income can apply for the apartments, ranging from a $471/month one-bedroom to a $1,200/month three-bedroom. Developed by Camber Property Group and Property Resources Corp., the eight-story building contains 161 total units, with 34 of the units set aside for individuals formerly experiencing […]
Thu, 07/02/2020 - 11:30

Week after week, Tim O’Sullivan has been watching New York’s coronavirus numbers fall and businesses reopen — but not his three Queens day care tenants. “They’ve been shut down for three months,” he said. “They have no indication when they’ll be allowed to open.” In mid-June the landlord managed to bring his plight directly to Mayor Bill de Blasio when 1010 WINS reporter Juliet Papa read his message at a press conference. The mayor had

The post Council bill to reopen day care centers would be boost for landlords appeared first on The Real Deal New York.

Thu, 07/02/2020 - 11:17
WeWork has sold coding academy Flatiron School, the latest asset to be dropped by the coworking company as it slims down following a failed attempt to go public.   Carrick Capital Partners, a San...

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Thu, 07/02/2020 - 11:13

Thousands of New York gym owners plan to file a class-action lawsuit against Gov. Andrew Cuomo challenging his decision to exclude gyms from the fourth phase of the state’s reopening. SC Gym owner Charles Cassara, who has locations in Hicksville and Farmingdale, had 10 other owners on board with the lawsuit before putting out an appeal on Facebook. Cassara and lawyer James Mermigis now expect to have between 1,500 and 3,000 plaintiffs, Newsday reported. “Phase

The post Desperate to open, gyms plan class action against Cuomo appeared first on The Real Deal New York.

Thu, 07/02/2020 - 11:00
Feltman’s via Boston Public Library The name Nathan’s has become synonymous with Coney Island, whether it be for the annual hot dog-eating contest or the childhood nostalgia of the boardwalk. It’s also become arguably the biggest name in the hot dog world in general. But, believe it or not, Nathan’s was not the first place to serve up franks in the seaside neighborhood. That distinction goes to Feltman’s, which was begun in 1867 as a pushcart by German immigrant Charles Feltman, considered the inventor of the hot dog on a bun. Via Boston Public Library German butcher Charles Feltman arrived in America […]
Thu, 07/02/2020 - 10:53
The to the city's Department of will upend the city's plan to build or preserve thousands of new affordable housing units, frustrated developers and affordable housing groups say. "It's exactly...

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Thu, 07/02/2020 - 10:47
Nurses and mental health advocates are pleading with New York–Presbyterian Brooklyn Methodist Hospital to reverse its plan to cut its inpatient psychiatric care capacity by at least half. Members of...

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Thu, 07/02/2020 - 10:29
L to R: Rafael Domenech, Peripheral poem 68 (countermonument pavilion); Andre D. Wagner, Old School, Bed-Stuy, Brooklyn NY 2020; Sharon Madanes, Pulse. All photos courtesy of the artists. When coronavirus began to bear down on the city, the Public Art Fund conceived a way to bring an artful approach to the crisis. They teamed up with 50 New York-based, emerging artists for a multi-platform exhibition Art on the Grid. As the exhibit developed, though, “the parallel epidemic of systemic racism came into sharp and painful focus,” they tell us, which led to both crises setting the backdrop for this powerful public art series. Now on display […]