Top stories yesterday on The Real Deal:
1. Ben Shaoul’s Magnum unloads FiDi rental building for $25M
2. Tech tenants sign almost 90 percent of Times Square leases in last 18 months
3. Morgan Stanley takes nearly 150K square feet at Vornado’s 1290 Ave. of the Americas
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From left: 407 Vanderbilt Avenue and Arina Yakobi of Douglas Elliman
It’s a trophy property if there ever was one. A stately mansion hit the market in the Clinton Hill area asking a whopping $4.88 million — a record asking price, according to StreetEasy. Despite the home’s relative grandeur, the most eye-catching detail in the listing photos is a stack of the current owner’s trophies (no, not the recently-dead kind, the sort you win at youth soccer tournaments) piled in the living room. [more]
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Airbnb’s founders
Apartment dwellers who use Airbnb to rent out their rooms are worried they’ll lose out on the extra income, following a court decision this week that upheld a $2,400 fine against an Upper East Side landlord who used the service, DNAinfo reported.
The ruling dealt with a tenant, Nigel Warren, who allegedly ran afoul of the city’s illegal hotel law by renting out his room using the short-term rental site, as previously reported. [more]
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From left: Eric Goldberg of Olshan Frome Wolosky, 333 Greene Avenue
Bonjour Capital has finally closed on a long-stalled Bedford-Stuyvesant apartment complex that has been the subject of much dispute, paying $16 million, an attorney for Bonjour confirmed to The Real Deal today. The deal, completed this week, will allow the new owner to proceed with the 57-unit rental project. [more]
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Court rules against Nat'l Arts Club prez in rent case
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Victoria's Secret takes 60K sf space above flagship
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Construction at 105-room conversion kicks off
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Orange Leaf franchise set for NYC expansion
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Max Fish
Townhouse at 386 Van Brunt Street asking $2.15 million could set a Red Hook record if sold. Lehman Brothers to sell millions of shares of AvalonBay and Equity Residential. Brooklyn-bound Max Fish hightailing it out of LES by July. Digital marketing firm signs lease for 8,732 sf in Midtown South. Barbara Corcoran tells her story — of going from a diner waitress to a mogul. Read these stories and more after the jump.
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Sabrina Kleier Morgenstern, Michele Kleier and Samantha Kleier ForbesFrom the May issue: Samantha Kleier Forbes and Sabrina Kleier Morgenstern share more than just their sisterly genes. Thry also share an office at Kleier Residential, the boutique residential firm co-founded by their mother, Michele, as Gumley Haft Kleier in the 1990s. Today the brokerage is one of the city’s top boutique firms, and the three Kleier women have sold some $130 million worth of real estate in the past year. [more]
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From left: 338 Berry Street and a rendering of the building’s solar paneling
The owner of the former Tung Fa Noodle Factory in Williamsburg, which most recently housed a group of artists who were evicted last year after losing a long legal battle, is aiming to convert the property to apartments, according to BuzzBuzzHome. [more]
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From left: Deborah Gutoff, Paul Nigido, Gabriel Saffioti and 205-207 Eighth Avenue
Two Chelsea mixed-use buildings have sold for $15.9 million after three months on the market, the New York Observer reported. Located at 205 and 207 Eighth Avenue between 20th and 21st streets, the buildings have 23 apartments and two retail spaces. [more]
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415 West Broadway
A 38,885-square-foot office and retail property on a well-trafficked stretch of Soho is up for grabs, The Real Deal has learned. The building — located at 415 West Broadway between Spring and Prince streets — could fetch over $40 million, according to sources with knowledge of the listing.
Westchester-based commercial landlord Willett Companies owns the six-story building. The fully leased property has six retail and office tenants, including Jamali NYC Gallery, an art gallery, and Altamarea Group, which runs seven restaurants in New York City and New Jersey. [more]
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From left: Mitti Liebersohn, 1290 Avenue of the Americas and Matthew Astrachan
UPDATED, 5:37 p.m., May 23: In what is the largest sublease of the year so far, Morgan Stanley has inked a 148,421-square-foot deal at Vornado Realty Trust’s 1290 Avenue of the Americas, according to data from commercial real estate firm Cassidy Turley provided to The Real Deal. See chart after the jump.… [more]
