NYC Real Estate News

Photo by Dimitry Anikin on Unsplash The city’s Department of Housing Preservation and Development (HPD) released a report this week revealing the first findings from the 2021 New York City Housing and Vacancy Survey (NYCHVS). The report illuminates a trove of information on the city’s housing realities since the pandemic began. The survey shows that the city’s overall median household income would have to double in order to cover the median asking rent of $2,750/month. It also reveals an extreme shortage of vacant units among the city’s low-cost housing: The vacancy rate for homes listed below $1,500/month was less than 1 percent,  the lowest in 30 years. And […]

In a world of rising apartment and warehouse rents, it is not hard to find investors for multifamily and industrial assets in the tri-state area. A number of recent sales in New Jersey and the lower Hudson Valley, along with a development in Newark, reflect that interest. In North Brunswick, the Northwood Estates Apartments, a 253-unit garden-style community at 500 Adams Lane, sold in an off-market deal between undisclosed parties for $63.5 million. The sale

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UPDATED, May 18, 1:26 p.m.: After nearly 12 years of marriage, another real estate couple is heading for divorce. Yanina Sapir, the wife of developer Alex Sapir, filed for divorce in April, court records show. The reason? “The wife can no longer remain in such a loveless relationship,” according to the complaint, filed in Miami-Dade Circuit Court. They were married in Miami Beach in September 2010, and have two young children. Alex Sapir is a

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The Greene County town and the village of the same name at its heart have long drawn creative types. But now there’s a fresh influx from the city.

The bank had 19 among its top leadership in November, down from 25 a year earlier, according to new data

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Vice Media will remain in its 77,000-square-foot Williamsburg office digs and not move to Rudin Management’s Dock 72 as had been expected. Vice has renewed its lease with WEB Holdings LLC, the owner of 289 Kent Avenue, where it has been headquartered since 2014. The renewal is for only four years, providing time for Vice to figure out its future needs. The Kent Avenue offices are a combination of two buildings on three floors where

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Burberry inks a Midtown lease, and a jeweler moves to Tribeca

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Streetview of 111 Hicks Street; © Google 2022 One of the world’s most famous architects has closed on a Brooklyn penthouse he’s eyed for years. Denmark-born architect Bjarke Ingels has purchased a penthouse in the St. George Tower in Brooklyn Heights for $2,163,525, as reported by the New York Post and confirmed by property records. The apartment, located on the 29th and 30th floors at 111 Hicks Street, has been on the market since 2010 when it was listed for $2,490,000. Photo by Rickster77 on Wikimedia The landmarked Art Deco building, designed by Emery Roth in the 1920s, originally served as an extension for the adjacent […]

The Manhattan office landlord could be forced to seat an unwanted director

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City data suggests that rodent sightings are more frequent than they’ve been in a decade

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