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The Real Deal New York

  • Inside a quirky River House apartment

    The co-op is on the market for $12.7 million
    January 24, 2015 05:00PM By Business Insider
    TRD WEEKEND EDITION
    A River House co-op

    A River House co-op

    A quirky apartment in an exclusive co-op building on Manhattan’s east side is on the market for $12.75 million. The River House was built in 1931 in an art deco style. Until 2013, the co-op board forbid listings to include the name of the building or its address. It’s also turned away a number of applicants, including Richard Nixon, Diane Keaton, Joan Crawford, and Gloria Vanderbilt. [more]

  • Commuters mourn loss of cheap grub at Penn Station

    TGI Friday's and KFC give way to raw bars and wine shops
    January 24, 2015 04:32PM TRD WEEKEND EDITION
    The TGI Friday's in Penn Station

    The TGI Friday’s in Penn Station

    Commuters at Penn Station are mourning the lose of their fast food favorites, following Vornado Realty Trust’s decision to replace spaces once occupied by TGI Friday’s, KFC and Nathan’s with more upscale tenants.

    “I came here for pizza and magazines while I was waiting for the train,” commuter Kyle Soto told NBC. [more]

  • 56 Leonard completes 50th floor

    Just 10 floors remain at the Jenga-like cantilevering tower
    January 24, 2015 03:00PM TRD WEEKEND EDITION
    56 Leonard

    56 Leonard via Curbed

    Construction at Tribeca’s most eye-catching skyscraper, Herzog & de Meuron’s 56 Leonard, has reached the 50th floor. That just leaves 10 more floors until the tower is topped out. [more]

  • “Prime” time for kosher

    High-end kosher restaurants are sweeping the city
    January 24, 2015 02:00PM TRD WEEKEND EDITION
    Albert Allaham and Reserve Cut

    Albert Allaham and Reserve Cut

    From Luxury Listings NYC: Now arguably Manhattan’s trendiest nabe, NoMad is where a visit to Birch Coffee means a chance to rub shoulders with Chelsea Clinton and picking up a salad at Sweetgreen means enduring formidable lines. And now, another trendy new restaurant is set to enter the fray. But it’s not a farm-to-table brasserie from a Michelin-starred TV chef — it’s an upscale kosher joint. Yes, kosher. [more]

  • Inside TheRealDeal
  • From the archives: The future of Lower Manhattan

    Check out the predictions for the neighborhood from neraly 10 years back
    January 24, 2015 01:00PM By Tom Acitelli
    TRD WEEKEND EDITION
    Bloomberg_vs_Silversteing

    Bloomberg vs. Silverstein

    The future of Lower Manhattan is not in doubt. It will finish recovering from September 11. But what will its real estate makeup be when that recovery finishes? Some real estate analysts point to Battery Park City for an answer. In the 1990s, according to a market analysis by CB Richard Ellis, Battery Park City was roughly one-third residential and two-thirds commercial. By 2008, after fresh construction that includes the new Goldman Sachs headquarters and additional housing, the neighborhood should be about half residential and half commercial. Click here to read the full article from the December 2005 issue.

  • A tour of Ludlow Street in the early 1990s: VIDEO

    It’s a "thriving, out-of-the-way artist community"
    January 24, 2015 12:00PM TRD WEEKEND EDITION
    Screen-Shot-2015-01-24-at-10.26

    A screenshot of Ronnie DeMonarco

    The Lower East Side has always been dynamic. Waves of immigration, gentrification and development are the defining characteristics of neighborhood. But while it’s fine to talk about those rapid changes, it’s another thing to witness them.

    Check out the video after the jump and watch as LES tour guide Ronnie DeMonarco shows off the small businesses and hole-in-the-wall art spaces that thrived on the street twenty years ago. [more]

  • 9-story rental building dubs itself “Empire State Building”

    The name refers to the 19th-century structure’s original use
    January 24, 2015 11:00AM TRD WEEKEND EDITION
    640 Braodway

    640 Braodway

    Manhattan is about to get a second, much smaller Empire State Building, thanks to the Landmarks Preservation Commission. [more]

  • 19 stocks to play the housing recovery

    Fundstrat's Tom Lee ranked the stocks by their mean implied upside
    January 24, 2015 10:00AM TRD WEEKEND EDITION

    screen shot 2015-01-23 at 11.15.39 amFundstrat’s Tom Lee is bullish on housing in 2015. To play the housing recovery, Lee recommended that investors buy homebuilder stocks.

    “From 1992 to 2005, homebuilders tracked housing starts pretty closely,” Lee wrote in a recent note to clients. “Even the dips and surges were fairly closely tracked. From the 2009 depths, this has continued to hold as well.” [more]

  • Sportscaster Marv Albert’s Lincoln Square penthouse closes for $13 million

    Previous reports had suggested that Albert received $15 million for his home
    January 24, 2015 09:13AM TRD WEEKEND EDITION

    From left: 150 Columbus Avenue, Marv Albert and his penthouse

    From Luxury Listings NYC: Legendary NBA announcer Marv Albert has sold his condo at 150 Columbus Avenue for an even $13 million. Albert bought the three-bedroom, four-bathroom apartment at 150 Columbus Avenue in 1996 for $2.39 million. [more]

  • Top residential agents of the week

    January 23, 2015 06:00PM
    From left: Adam Modlin and 150 Columbus Avenue

    From left: Adam Modlin and 150 Columbus Avenue in Lincoln Square

    Adam Modlin of the Modlin Group topped this week’s residential sales with a $13 million Lincoln Square condo at 150 Columbus Avenue. Click here to see this listing and more.

  • barbie-penthouse

    Barbie Penthouse in Los Angeles (credit: Trendsetter Interiors)

    New owner of doll creators’ L.A. condo remakes it into Barbie Penthouse. Fifteen-story-plus building to be one of Staten Island’s tallest. Artie Lange’s New Jersey mansion hits the market. Read these stories and more after the jump.

  • Details revealed for Sugar Hill’s Park Slope condo restoration

    1920s-era building is being converted to four full-floor units
    January 23, 2015 05:23PM
    Rendering of 187 Seventh Avenue in Park Slope

    Rendering of 187 Seventh Avenue in Park Slope

    Sugar Hill Capital Partners revealed details on its restoration of a Park Slope building that was once a dilapidated eyesore but is being converted to four three-bedroom condos.

    The condos, at 187 Seventh Avenue, will be completed in the fall and start at $3.2 million. A penthouse with a private roof deck will be listed for $3.5 million. [more]

  • The week in renderings: Virgin Hotel, QLIC

    Here are some images of future NYC sites that caught our eye
    January 23, 2015 05:05PM
    renderings-jan-23

    Renderings of Virgin Hotel at 1225 Broadway in NoMad (VOA Architects via New York YIMBY) and 945 Bergen Street in Crown Heights (credit: ODA via Curbed)

    The World-Wide Group’s Long Island City rental tower QLIC and the Lam Group’s Virgin Hotel are among the latest projects to receive a new batch of renderings in the past week. Click here for a slideshow and more.

  • Modesty becomes him: Roman Abramovich to limit mega-mansion to just three townhouses

    Reports that billionaire was in contract for fourth adjacent property on UES were apparently false
    January 23, 2015 04:45PM
    Roman Abramovich and 11-15 East 75th Street

    Roman Abramovich and 11-15 East 75th Street

    Reports yesterday that Russian oligarch Roman Abramovich was adding a fourth townhouse to his planned Upper East Side mega-mansion were false, according to the New York Daily News. [more]

  • "West Side Story"

    “West Side Story”

  • Bauhouse Group buys UES assemblage for $32M

    Buildings on East 58th Street between First Avenue and Sutton Place include 22 apartments
    January 23, 2015 03:36PM
    From left: Joseph Beninati and

    From left: Joseph Beninati and 428 East 58th Street

    Real Estate development firm Bauhouse Group, which is developing condominiums along the High Line, bought a rental portfolio for $32 million. [more]

  • Trump International pad sells for $33M — a $10M discount

    Four-bedroom apartment on 51st floor traded well below the initial asking price of $43 million
    January 23, 2015 03:05PM By Claire Moses
    Unit 51B at the Trump International at 1 Central Park West

    Unit 51B at the Trump International at 1 Central Park West

    A 51st floor penthouse at the Trump International traded hands for $33 million, according to property records filed with the city today. The four-bedroom unit at 1 Central Park West was originally listed for $43 million and most recently dropped to $37.5 million. [more]

  • Cushman to adopt Massey Knakal territory system for NYC investment sales

    Signature business model led to "experts" within small geographic areas
    January 23, 2015 02:31PM By Adam Pincus
    Massey-Knakal-Territory-Front

    From left: Ron Lo Russo, Paul Massey and the territories for a portion of Manhattan

    In perhaps the most significant development of its $100 million Massey Knakal Realty Services acquisition, Cushman & Wakefield will adopt Massey Knakal’s signature territory system for investment sales within New York City, The Real Deal has learned. [more]

  • Greystone to convert Brooklyn Lyceum into condos

    Plans also call for 12-story rental building to rise on adjacent vacant lot
    January 23, 2015 02:04PM
    lyceum

    Brooklyn Lyceum in Park Slope (credit: Jeffrey Simpson)

    Greystone plans to convert the landmarked event space Brooklyn Lyceum, a former public bathhouse in Park Slope, into apartments. [more]

  • Reign as world’s tallest resi tower is short-lived

    Kingdom Tower in Jeddah, Saudi Arabia will rise over three times the height of One57
    January 23, 2015 01:28PM
    From left: Renderings of Nordstrom Tower, 432 Park, One57 and Kingdom Tower

    From left: Renderings of Nordstrom Tower, 432 Park, One57 and Kingdom Tower

    Driven by new technologies — along with an ever-increasing amount of capital flowing into luxury real estate — the time at the top of the list of the world’s tallest residential building is getting shorter and shorter [more]

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