NYC Real Estate News

Wed, 11/25/2020 - 14:11
With Covid-19 hospitalizations nationwide doubling in recent months, those on the front lines need every advantage they can get in managing the ongoing surge in patients. Advance notice of even a...

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Wed, 11/25/2020 - 13:40
The past year has put a lot in perspective, and when it comes to holiday shopping, many of us are hoping our dollar will also help others in some way. That’s why 6sqft has put together a list of gifts that give back, from Parachute sheets that fund malaria awareness to artwork from Society6 that supports Black artists to a tote bag that helps Americares’ COVID-19 response efforts. We’ve also included some more local ideas, like Citymeals on Wheel’s holiday cards and a food gift box from Brooklyn restaurant Emma’s Torch, which acts as a culinary school for refugees and asylum seekers. Citymeals […]
Wed, 11/25/2020 - 13:30

Adam America Real Estate recently secured two loans totaling $63 million for an Upper West Side development that’s been in the works for several years. An entity tied to MSD Partners issued a $37.8 million construction loan and a $25.2 million project loan for the property at 2503-2509 Broadway. The company was formed by the partners of MSD Capital, a private investment firm founded by tech billionaire Michael Dell. An entity tied to MSD Capital

The post Adam America secures $63M in financing for Upper West Side project appeared first on The Real Deal New York.

Wed, 11/25/2020 - 13:26
The homeless men currently taking shelter at the Lucerne Hotel on the Upper West Side were ordered Wednesday to relocate to the Radisson Hotel in the Financial District. Judge Debra James of state...

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Wed, 11/25/2020 - 13:05

Sales of new, single-family homes ebbed last month, but are still far ahead of where they were a year ago. October sales fell to a seasonally adjusted annual rate of 999,000, a 0.3 percent drop from September’s revised estimate of 1.002 million. But home sales are still up 41 percent from a year ago, according to government data. Americans are continuing to take advantage of record-low mortgage rates to buy new homes, squeezing existing supply.

The post Single-family home sales dip in October, but up 41% from last year appeared first on The Real Deal New York.

Wed, 11/25/2020 - 12:55
Unemployment numbers are getting worse as New York and the rest of the nation enter a Covid-19 winter. An additional 30,000 Americans filed initial unemployment claims for the week that ended Nov....

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Wed, 11/25/2020 - 12:44
As rumors of a second round of shutdowns sweep through the city, real estate brokers and agents are preparing to keep deals in the pipeline moving. After the real estate industry was put on pause...

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Wed, 11/25/2020 - 12:33
The city is launching a $35 million small-business-relief loan program as part of an effort to stimulate sales in mom-and-pop stores during this gift-buying season. There are more than 240,000...

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Wed, 11/25/2020 - 12:14
Industrial real estate giant Prologis is buying a radio-station site in Queens for $51 million from a Christian broadcasting company, property records show. The REIT has purchased 48-00 Grand Ave....

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Wed, 11/25/2020 - 12:00
An apartment inside a historic church building in Hoboken is now asking $3.05 million. Constructed in 1890, the Romanesque Revival First Baptist Church at 901 Bloomfield Street was converted into a luxury condominium, known as The Raphael, in 2017 with just six residences. The available unit contains three bedrooms, three and a half baths, and a studio loft in the building’s original bell tower. While the conversion led to sleek modern interiors, stunning unique details, including the double-height ceilings and arched windows, were preserved. New York-based architecture firm French, Dixon & DeSaldern designed the First Baptist Church of Hoboken in a Richardsonian Romanesque […]