NYC Real Estate News

Tue, 09/27/2022 - 10:00

More deals for homes are getting left out to dry in the Sun Belt than anywhere else in the United States. Some of the pandemic’s hottest housing markets counted the highest rates of home purchase cancellations last month, according to Redfin. The southern region fell on the higher side above the nationwide rate of 15.2 percent in August, as buyers think twice about the same destinations that shot to popularity among remote workers seeking more

The post Cooling Sun Belt markets lead canceled home contracts appeared first on The Real Deal New York.

Tue, 09/27/2022 - 09:45
Photo courtesy of Brown Harris Stevens This crisp, contemporary condo at 7 Harrison Street may not immediately call to mind the building’s beginnings as a cold-storage warehouse, but AD100 architect Steven Harris has transformed this three-bedroom home, now asking $5,500,000, into a residence as striking as many of its neighbors on the classic Tribeca loft block. The architect kept the space elegantly functional as well as colorful by adding considered features like invisible light switches, integrated Sonos speakers, multi-zone central air, and electronic Lutron window shades. A key-locked elevator leads to a colorful formal entry gallery framed by deep blue custom artisan plaster walls. Massive doors access two separate bedroom wings, a […]
Tue, 09/27/2022 - 08:00

In a three-story brick building in Queens, a couple was forced to move out of their one-bedroom rental in August because of an illegal Airbnb scheme. But they weren’t the ringleaders. They were the ones who reported it. Five months earlier the couple had nabbed the ground-floor unit in Flushing for just $1,700 a month. The husband, an undergrad student studying computer science, and his wife, a baker, signed a one-year lease and moved in

The post How illegal Airbnbs slip through the cracks appeared first on The Real Deal New York.

Tue, 09/27/2022 - 08:00
Construction is finishing up on 378 West End Avenue, an 18-story residential building on Manhattan’s Upper West Side. Designed by COOKFOX and developed by Alchemy Properties, the project involved the restoration of a 1915 Palazzo-style building and construction of a new tower directly to the east. The development will yield 58 units in one- to six-bedroom layouts and a collection of penthouses, with sales and marketing led by Alchemy Properties and Compass. Leeding Builders Group is the general contractor for the property, which is located along West 78th Street between West End Avenue and Broadway.
Tue, 09/27/2022 - 07:30
Excavation is progressing at 200 East 20th Street, the site of a 19-story residential building in the Gramercy Park section of Manhattan. Designed by CetraRuddy and developed by Glacier Global Partners, the 210-foot-tall structure will yield 82,800 square feet with 52 condominium units spread across 65,500 square feet and 2,730 square feet of retail space. CM & Associates Construction Management is the general contractor for the property, which is located at the corner of East 20th Street and Third Avenue.
Tue, 09/27/2022 - 07:00

As the city’s investment-sales market heads into its always-important fourth quarter, Clarion Partners is putting a pair of Williamsburg loft buildings on the market, aiming for a price of $70 million. Clarion is looking to sell the rental buildings at 44 Berry Street and 139 North 10th Street, marketing materials show. The buildings, which have a combined 78 apartments, were built in the early 20th century and converted in the early 2010s into spacious loft

The post Clarion eyes $70M for Williamsburg loft apartments appeared first on The Real Deal New York.

Tue, 09/27/2022 - 07:00
The Yonkers Industrial Development Agency (IDA) has approved five new residential and commercial developments across the waterfront city. The developments are projected to create more than 600 construction jobs and over 300 apartments, including affordable housing for low-income seniors.
Tue, 09/27/2022 - 06:30
The affordable housing lottery has launched for 99, 101, and 103 Grove Street, three four-story residential buildings in Bushwick, Brooklyn. Designed by Infocus and developed by 103 Grove Street LLC, the structures each yield eight residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $156,130.
Tue, 09/27/2022 - 06:30

The JCCA chief executive says he tries to ensure that his employees feel valued when they come to work each day

Tue, 09/27/2022 - 06:30

An hourlong train ride into Midtown is likely what is holding workers back, not fear of Covid