The Real Deal New York

  • Burgers to bedrooms: 120 units planned at Flushing site

    144-74 Northern Boulevard currently houses Burger King
    September 01, 2015 05:55PM By E.B. Solomont

    144-74 Northern Boulevard (via: Google)

    A 120-unit apartment building is being planned at 144-74 Northern Boulevard in Flushing, according to building permits filed Tuesday.

    The 14-story structure will measure a total of 59,000 square feet with 3,200 square feet of commercial space, according to the filing.  [more]

  • Are these the End Times (Square)?

    42nd Street reverend calls panhandlers wicked
    September 01, 2015 05:38PM
    Times Square pedestrian plaza (credit: Steven Pisano/Flickr) and the Rev. Peter Colapietro

    Times Square pedestrian plaza (credit: Steven Pisano/Flickr) and the Rev. Peter Colapietro

    One veteran of Times Square is looking for a power higher than City Hall to fix Times Square, and he doesn’t mean Albany. [more]

  • The September issue is live!

    Who stands to lose the most if the market tanks, NYC's biggest developers, and more
    September 01, 2015 04:54PM
    The Real Deal September 2015

    The Real Deal September 2015

    The new Swiss bank account. The parking spot for the wealth of the global elite. Many view New York real estate as a safe haven for investment, but what happens if the market crashes again? And who stands to lose the most? The Real Deal tried to answer these questions and more in our September cover story, “Who will be holding the bag?,” now available online. [more]

  • Liza Minnelli sells UES co-op for $8.4M

    Legendary actress and singer offloads Imperial House pad
    September 01, 2015 03:55PM By Rey Mashayekhi
    Imperial House at 150 East 69th Street on the Upper East Side and Liza Minnelli

    Imperial House at 150 East 69th Street (credit: Architectural Digest) and Liza Minnelli

    Unlike the Kit Kat Klub, this one’s classy.

    Actress, singer and Broadway legend Liza Minnelli sold her Imperial House co-op on the Upper East Side for $8.4 million, according to property records filed with the city Tuesday. [more]

  • Inside TheRealDeal
  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    September 01, 2015 03:50PM

    1. Gaia Real Estate: Billionaires aren’t wanted in our buildings
    2. WeWork could have trouble meeting $10B financial projections
    3. 22 contracts signed at $4M and up: Olshan report

    Like The Real Deal on Facebook for breaking industry stories, links to quirkier pieces and lively conversation about important properties in New York and around the world. [TRD‘s Facebook Page]

  • Here’s what the $10M-$20M NYC investment sales market looked like last week

    LargaVista buys a Harlem retail property and LeFrak sells a pair of Queens commercial buildings
    September 01, 2015 03:20PM By Kyna Doles
    248 West 125th Street, 97-29 64th Road and Richard LeFrak

    From left: 248 West 125th Street, 97-29 64th Road and Richard LeFrak

    From a $15.6 million deal in Trump International Tower to LeFrak’s $11 million Queens sale here is a recap of last week’s activity in the New York City’s investment sales market for properties between $10 million and $20 million.

  • Celeb photographer, model ex could lose Soho triplex

    95 Greene Street condo board files to foreclose on 8,200 sf penthouse
    September 01, 2015 02:50PM
    95 Greene Street in Soho and Basia Milewicz

    95 Greene Street in Soho and Basia Milewicz

    The party could be over at former glamour couple Ken Nahoum and Basia Milewicz’s Soho triplex after their building’s condo board filed to foreclose on the 8,200-square-foot penthouse at 95 Greene Street.

    Celebrity shutterbug Nahoum and former Victoria’s Secret model Milewicz allegedly owe the building $100,000 in common charges and could now see the triplex, reportedly valued at $17 million, go on the auction block. The 95 Greene Street condo board first sued the pair for $40,000 in delinquent fees in 2011. [more]

  • J.D. Carlisle allegedly broke 160 Madison Ave. commercial condo promise

    Former property owner sues to take control of the unit, wants $8 million in damages
    September 01, 2015 02:15PM By Ariel Stulberg
    160 Madison Avenue in NoMad with J.D. Carlisle CEO Evan Stein (inset)

    160 Madison Avenue in NoMad with J.D. Carlisle CEO Evan Stein (inset)

    Sometimes getting it in writing isn’t enough.

    J.D. Carlisle allegedly promised the former owner of 160 Madison Avenue a commercial condominium in the new 42-story tower it was building on the site, but failed to deliver the goods, a new lawsuit claims. [more]

  • ABC legal analyst taking condo board to court

    Dan Abrams claims board refuses to let him combine, touch up Village units
    September 01, 2015 01:45PM
    Dan Abrams and 148-150 Waverly Place in Greenwich Village

    Dan Abrams and 148-150 Waverly Place in Greenwich Village

    ABC News legal analyst Dan Abrams is taking to the courts with a lawsuit against his Greenwich Village condo board after it blocked changes to Abrams’ properties at the building.

    The 49-year-old former “Nightline” anchor claims board members have refused to let him combine his two apartments at 148-150 Waverly Place and fought him over renovating an outside gate and garden. [more]

  • Shipping out: Amazon contractor moving distribution center to Ridgewood

    LaserShip to lease entire 41K sf warehouse
    September 01, 2015 01:15PM By Mark Maurer
    LaserShip Queens

    From left: Amazon packages and 16-70 Weirfield Street in Ridgewood (inset: David Junik)

    LaserShip, a Virginia-based package delivery service and major Amazon contractor, inked a 10-year lease to fully occupy a Ridgewood warehouse as its newest distribution center, The Real Deal has learned. [more]

  • Moshe Braver plans 59K sf mixed-use building in Bushwick

    Project at 405 Evergreen Avenue will hold 68 resi units
    September 01, 2015 12:47PM By Ariel Stulberg
    405 Evergreen Avenue in Bushwick

    405 Evergreen Avenue in Bushwick

    Brooklyn landlord Moshe Braver just filed plans for his latest Bushwick project.

    Braver is looking to build a five-story, nearly-59,000-square-foot mixed-use building at 405 Evergreen Avenue, according to permits filed with the Department of Buildings Tuesday.

    The building will house 68 residential units, fourteen on the first through fourth floors and twelve more on the fifth floor. A 11,300-square-foot community facility is slated for the ground and second floors. [more]

  • What’s trending on LLNYC: Hermès wallpaper, a Japanese mid-century masterpiece … & more

    The most buzzworthy posts on TRD's sister publication
    September 01, 2015 12:40PM

    Hotel Okura, in Tokyo and a bottle of 1960 Karuizawa

    1. Love tiger print? Good, because now Hermès will let you paper your walls with their iconic patterns  — virtually, that is.

    2. A bottle of 1960 Karuizawa just sold for the completely normal price of $118,500 at auction in Hong Kong. That’s a record for Japanese whisky.

    3. Speaking of Japan, the iconic, mid-century masterwork, Hotel Okura, in Tokyo may soon be a thing of the past.

  • “It’s a joke,” Trump lawyer says of ethics panel’s decision to drop AG complaint

    White House hopeful accused Schneiderman's Trump University probe of misconduct
    September 01, 2015 12:05PM
    From left: Donald Trump, Ivanka Trump and Eric Schneiderman

    From left: Donald Trump, Ivanka Trump and Eric Schneiderman

    The state’s ethics commission is dropping Donald Trump’s complaint against New York State Attorney General Eric Schneiderman in connection to an investigation of the presidential hopeful’s for-profit online school. [more]

  • Kahen Properties picks up three DoBro buildings for $23.2M

    Developer bought the Livingston Street properties from BPC Managment
    September 01, 2015 11:34AM By Ariel Stulberg

    From left: 90 Livingston Street, 86 Livingston Street and 80 Livingston Street in Downtown Brooklyn, with Alex Kahen (inset)

    Kahen Properties are the new owners of a trio of adjacent residential and commercial buildings on Livingston Street in Downtown Brooklyn. Kahen bought the properties for $23.2 million from BPC Management Corporation, according to property records filed with the city Tuesday. [more]

  • New building permits plummeted 90% in July

    June numbers inflated by developers locking in old 421a breaks
    September 01, 2015 11:10AM
    A construction site near the High Line, with John Banks of REBNY and Gary Labarbera of BCTCGNY

    A construction site near the High Line (inset: John Banks of REBNY and Gary Labarbera of the Building and Construction Trades Council of Greater New York)

    An overwhelming boom of new building permits in June as developers sought to take advantage of the old 421a tax abatement has given way to comparatively paltry numbers in July.  [more]

  • Public advocate latest to join fight against Pier 6

    Possible mayoral candidate throws support against de Blasio-backed plan
    September 01, 2015 10:40AM
    Rendering of Pier 6 in Brooklyn Bridge Park and Letitia James

    Rendering of Pier 6 at Brooklyn Bridge Park and Letitia James

    City Public Advocate Letitia James is the latest to join a list of civic groups and advocacy organizations fighting the Pier 6 residential development in Brooklyn Bridge Park. [more]

  • gibraltar

    The Gibraltar at 160 West Street in Greenpoint

    David Berley-led group buys 5 East 47th Street for $18.3 million. Greenpoint’s Gibraltar gets new renderings. Schaefer Landing honors Brooklyn’s brewing past. Read these stories and more after the jump.

  • Amid crisis, de Blasio’s homelessness czar resigns

    Lilliam Barrios-Paoli served under four mayors
    September 01, 2015 09:34AM
    From left:

    From left: Lilliam Barrios-Paoli and Mayor Bill de Blasio

    The de Blasio deputy responsible for managing the homelessness crisis in the city is out of a job.

    The Mayor’s Office last night announced the impending resignation of Lilliam Barrios-Paoli, the deputy mayor for health and human services. The de Blasio administration’s statement gave no explanation of the departure. Barrios-Paoli will become the volunteer chairwoman of the board of the Health and Hospitals corporation, which runs the city’s public hospitals. [more]

  • Queens condo asking $5.4M could set a new borough record

    Prices in Long Island City continue to far exceed those in the rest of Queens
    September 01, 2015 09:01AM
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    From left: Basil Messados and 46-30 Center Boulevard in Long Island City

    Queens may not be the new Manhattan or even yet the new Brooklyn, but with luxury condominium units in Long Island City fetching upwards of $5 million, maybe it doesn’t have to be. [more]

  • Manhattan’s first crowdfunded condo building to launch sales

    Prodigy's AKA United Nations is set to open
    September 01, 2015 08:31AM
    From left: Rodrigo Nino and the AKA United Nations at

    From left: Rodrigo Nino and the AKA United Nations at 234 East 46th Street

    The wisdom of the crowd is about to be tested as Manhattan’s first condo building funded by a large group of internet-based investors is primed to hit the market.

    Prodigy Network’s Rodrigo Nino will begin booking guests and selling units as early as September at the company’s mew extended-stay hotel-condominium, the AKA United Nations at 234 East 46th Street. [more]