NYC Real Estate News

Wed, 04/08/2020 - 11:24
A gauge of loan applications to purchase homes in the U.S. declined last week to the lowest since October 2015, a fourth straight decline that underscores the growing economic fallout from the...

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Wed, 04/08/2020 - 11:14
New York City needs fewer ventilators each day than it thought it would, the mayor said Wednesday, an indication that the spread of the contagion could be slowing. The city previously projected it...

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Wed, 04/08/2020 - 11:11

Only 69 percent of tenants paid rent in the first five days of April — a 12-point drop from the same period last month. From March 1-5, some 81 percent of tenants paid at least some rent, and the figure was 82 percent in the initial days of April a year ago over the 13.4 million rental apartments tracked by several data firms, the National Multifamily Housing Council reported. The council, despite the 15 percent

The post Early April sees 15% drop in rent-paying nationwide: report appeared first on The Real Deal New York.

Wed, 04/08/2020 - 11:08
The Federal Reserve will announce details this week on a lending program for mid-sized businesses hurt by the coronavirus, Treasury Secretary Steven Mnuchin said. Congress directed the Fed to create...

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Wed, 04/08/2020 - 11:08
The Federal Reserve will announce details this week on a lending program for mid-sized businesses hurt by the coronavirus, Treasury Secretary Steven Mnuchin said. Congress directed the Fed to create...

To view the full story, click the title link.
Wed, 04/08/2020 - 10:55
Mayor Bill de Blasio acknowledged Wednesday that the city's official coronavirus statistics have missed hundreds of people who died at home without ever being tested for the virus, and said the city...

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Wed, 04/08/2020 - 09:55

As tenants struggle to pay rent, homeowners are struggling to make mortgage payments. The rates of mortgages in forbearance surged April 1 to 2.66 percent from 0.25 percent at the start of March, according to Bloomberg. It comes as Moody’s Analytics’ chief economist expects that up to 30 percent of homeowners may stop making mortgage payments. The federal government has instructed lenders handling mortgages backed by the government to give borrowers up to six months

The post Mortgage forbearance surged on April 1: report appeared first on The Real Deal New York.

Wed, 04/08/2020 - 09:32
Photos courtesy of The Corcoran Group One of the toughest things for families living in an NYC apartment versus a suburban home during this time is not having a backyard. But this Upper West Side co-op, listed for $1,350,000, has enough space for everyone inside and outside. Located at 204 West 92nd Street, the 1,100-square-foot apartment has three bedrooms on two levels, as well as a sunny garden patio that’s “perfect for grilling, entertaining, or private sunbathing,” says the listing. There’s a long, narrow hallway after entering on the upper level, which is a great place to drop the kids’ shoes, coats, and toys. […]
Wed, 04/08/2020 - 09:30
This property with two cottages, near the coast in the art-centric town of Todos Santos, is listed for $595,000.
Wed, 04/08/2020 - 09:00

The terms of Airbnb’s billion-dollar fundraise have come out and it’s not pretty. The home-sharing company agreed to pay its new investors, private-equity firms Silver Lake and Sixth Street Partners, an interest rate of more than 10 percent, the Wall Street Journal reported. The deal also included warrants that investors can convert to receive stock and valued Airbnb at $18 billion — a stark drop for the company last valued at $31 billion after a

The post Airbnb’s $1B fundraise comes with a hefty valuation cut appeared first on The Real Deal New York.