NYC Real Estate News

Thu, 01/16/2020 - 16:00

A mixed-use property in Chinatown will be auctioned off at the end of January after its owner failed to attract new office tenants to the bankrupt building. The roughly 46,000-square-foot building, at 55-59 Chrystie Street, has been owned since 1982 by CTW Realty, according to property records. Greg Corbin and his team at Rosewood Realty will hold the bankruptcy auction Jan. 30 at law firm Herrick Feinstein’s office at 2 Park Avenue. CTW Realty’s Gary

The post Chinatown mixed-use building heads to bankruptcy auction appeared first on The Real Deal New York.

Thu, 01/16/2020 - 15:30

A woman was killed Thursday by debris that fell from Queens strip mall, marking the second façade-related fatality in the city over the last month. The 67-year-old woman, who has not yet been publicly identified by authorities, was struck by a piece of building material that fell from the Golden Shopping Mall at 41-28 Main Street in Flushing, city officials confirmed. An aluminum-covered plywood panel fell off the front of the building, according to the

The post Woman killed by panel that fell from Queens strip mall: officials appeared first on The Real Deal New York.

Thu, 01/16/2020 - 15:29
The Metropolitan Transportation Authority has a new voice: Nora from Queens.&l…; The star of the upcoming Comedy Central show with that name, Awkwafina, surprised straphangers on the 7 line this...

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Thu, 01/16/2020 - 14:53
The city recently held a much-anticipated meeting discussing the . Diverse views were expressed, but it was undeniable that the 1971 zoning rules must be changed.  No longer are SoHo/NoHo a...

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Thu, 01/16/2020 - 14:25

One of the biggest rent-stabilized portfolios in New York City is facing a financial reckoning. Multiple sources with direct knowledge of the matter say the Dawnay Day portfolio has a large amount of debt and its owner, Isaac Kassirer’s Emerald Equity, is struggling to pay its obligations. Selling is probably not an option because rent-regulated buildings’ values plunged when the state passed a tenant-friendly rent law in June. Emerald Equity bought the storied East Harlem

The post Emerald Equity weighing “all options” to save massive portfolio appeared first on The Real Deal New York.

Thu, 01/16/2020 - 14:20

For years, Fannie Mae employee Shirene Hernandez would assign real estate brokers choice listings on foreclosed homes, and in return, they would pay her cash kickbacks stuffed into envelopes and delivered in parking lots, airports and coffee shops. When the crime was finally exposed, Hernandez’s role amounted to more than $3 million in corrupt commissions to brokers. On Monday, the former Fannie Mae employee was sentenced to more than 6 years in federal prison, after

The post Ex-Fannie Mae employee in LA sentenced in bribery, kickback scheme appeared first on The Real Deal New York.

Thu, 01/16/2020 - 14:18
High Times, the nearly 50 year old bible of weed, is piling onto the legal green rush. But its investment could go up in smoke. The media company, which publishes its monthly magazine out of its...

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Thu, 01/16/2020 - 14:15
Gov. Andrew Cuomo's self-reinvention as a populist firebrand doesn't seem to have deterred . The Democrat—who won his 2010 election as a fiscal conservative but more recently declared " i="" am=""...

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