NYC Real Estate News

Mon, 01/04/2021 - 12:05
Photo credit: Visual Marketing and Design The Heights section of Jersey City is definitely up-and-coming, with plenty of awesome restaurants and parks, but it’s still more affordable than the Downtown part of town. Case in point, this three-bedroom condo at 209 Hutton Street. It occupies the first floor of a modern townhouse and has three bedrooms, a backyard, and private parking (a rarity even across the Hudson), and it’s asking just $620,000. The open living space is spacious and bright thanks to nine-foot ceilings, recessed lighting, and nearly floor-to-ceiling Andersen windows. The kitchen features stainless steel appliances, quartz counters, custom finished shaker cabinets […]
Mon, 01/04/2021 - 11:55

The Guggenheim Museum has renewed a 31,400-square-foot lease for its storage facility at the Brooklyn Army Terminal, Commercial Observer reported. In addition to the museum’s renewal at Building B, IEH Corporation, a manufacturer of electronic parts for aerospace and military technologies, also inked a 20,400-square-foot renewal, along with eyeglass maker Lowercase NYC, which renewed 2,160 square feet at the same building at 140 58th Street, according to the New York City Economic Development Corporation, which

The post Guggenheim renews 31K-sf lease at Brooklyn Army Terminal appeared first on The Real Deal New York.

Mon, 01/04/2021 - 11:12
New York Community Bancorp Chief Executive Joseph Ficalora, who in a 55-year career transformed a small Queens savings bank into the city’s largest apartment lender, announced Dec. 28 that he would...

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Mon, 01/04/2021 - 11:04
Photo by Jeffrey Blum on Unsplash Before lawmakers passed sweeping rent reform legislation in 2019, New York City renters moving to a new apartment paid a hefty lump sum, typically including an application fee, broker fee, and a security deposit. With the new law limiting application fees to $20 (and broker fees next on the chopping block), city officials are now looking to make it even easier to move into a new home. The city’s Department of Housing Preservation and Development and the Housing Development Corporation last week issued a Request for Expressions of Interest (RFEI) seeking companies that would provide alternatives to paying a security deposit […]
Mon, 01/04/2021 - 10:55

Billionaire developer John Catsimatidis wants to expand his nearly finished Ocean Drive rental complex in Coney Island by adding three larger towers — and if the city doesn’t approve those plans, he may take the investment of about $1 billion to Florida. “You’ve got to get the best for your investment,” Catsimatidis told the New York Post. “Why spend in New York when you can build in Florida.” The Gristedes owner has been developing a

The post John Catsimatidis wants to add three more rental towers in Coney Island appeared first on The Real Deal New York.

Mon, 01/04/2021 - 09:50
Listing photos courtesy of Brown Harris Stevens This two-bedroom apartment is located at the Ritz Tower at 465 Park Avenue in Midtown East. Though this is a classic pre-war co-op, designed by Emery Roth nonetheless, this particular high-floor unit has been transformed into a groovy mid-century home, complete with tulip columns, white marble floors, and period-specific decor. Asking $1,995,000, it also boasts incredible northern, southern, and western views through its 14 windows, along with two outdoor terraces. The entrance leads to the open living space, which features white marble floors, the aforementioned tulip-shaped columns, and rounded window casings and moldings. The southern end is […]
Mon, 01/04/2021 - 09:40

After nearly eight years as a publicly traded company, Brookfield Property Partners could be going private. Brookfield Asset Management, the real estate firm’s parent company, announced a proposal to buy the shares of Brookfield Property Partners that it does not already own at a value of $16.50 per share, or $5.9 billion. The deal would be a significant discount from the company’s book value per share of $27.02 per share, according to Yahoo Finance. The

The post Brookfield Property Partners could go private in $6B deal appeared first on The Real Deal New York.

Mon, 01/04/2021 - 09:30

New year, new face for NYC’s City Planning Commission: Tenant advocate Cea Weaver — known to the real estate industry as one of the architects of 2019’s landmark rent law — could be part of the powerful planning board. Public Advocate Jumaane Williams plans to appoint Weaver, 32, the campaign coordinator for tenant coalition Housing Justice for All, to the commission, the New York Post reported. William Gerlich, a spokesperson for Williams, called Weaver “one

The post “Cancel rent” housing activist tapped for City Planning Commission appeared first on The Real Deal New York.

Mon, 01/04/2021 - 09:00
A modernist hillside retreat in Topanga, a French country-style home in Santa Barbara and a renovated 1929 house in Pacific Grove.
Mon, 01/04/2021 - 08:00
New renderings from Handel Architects reveal The Set, a 587-foot-tall residential skyscraper under construction at 451 Tenth Avenue in Hudson Yards. Developed by Related Companies, the 45-story structure is rising from a 17,280-square-foot L-shaped lot at the corner of Tenth Avenue and West 35th Street, directly to the north of Bjarke Ingels66 Hudson Boulevard, aka The Spiral. Though it's unclear which final form the building will take in terms of color palette, the renderings are likely a good indication of what's to come for the reinforced concrete edifice that's already several floors above street level.