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The Real Deal New York

  • New apartments: less space, a lot more amenities

    Formula allows developers to keep rents competitive
    January 26, 2015 11:00AM
    Rendering of My Micro NY at 335 East 27th Street

    Rendering of My Micro NY at 335 East 27th Street

    With the 13,000 new rental apartments in Manhattan, Brooklyn, and Queens expected to open this year, developers have tended to minimize individual apartment square footage while maximizing shared amenities.

    The strategy of creating, for example, studios that are 50 square feet less than the neighborhood average but include amenities ranging from basketball courts to in-house dog runs allows developers to keep rents competitive — this though land prices have been skyrocketing. Overall, rents are expected to remain stable this year. [more]

  • Kings Theatre

    Kings Theatre

    A look inside the restored Kings Theatre in Flatbush. City looks to shut down illegal hotel. The secrets of the Brooklyn Museum. Read these stories and more after the jump.

  • Number of contracts signed last week for pricey resi units most since 2006

    Thirty-two deals done for apartments at $4M level and above
    January 26, 2015 09:45AM
    Renderings of 20 East End Avenue

    Renderings of 20 East End Avenue

    Last week saw the most contracts signed at $4 million or above since 2006. [more]

  • Roman Abramovich seeks landmarks’ OK to build mansion

    Russian billionaire looking to convert three townhouses into one mega-home
    January 26, 2015 09:10AM
    From left 13 East 75th Street, 11 East 75th Street and Roman Abramovich

    From left 13 East 75th Street, 11 East 75th Street and Roman Abramovich

    After assembling several properties on the Upper East Side, Russian billionaire Roman Abramovich is asking the city’s Landmarks Preservation Commission to approve his plan to build a massive mansion on East 75th Street. [more]

  • Inside TheRealDeal
  • Tenant advocates jittery after Sheldon Silver’s arrest

    Speaker is backer of a number of rent-regulation laws that are now up for renewal
    January 26, 2015 08:30AM
    From left: Sheldon Silver and tenant advocates

    From left: Sheldon Silver and tenant advocates

    Tenant advocates are worried about the future of rent-regulation laws following Assembly Speaker Sheldon Silver’s arrest. [more]

  • Ad giant IPG grows to 280K sf at Brookfield’s 5 Manhattan West

    Firm takes extra 52,000 sf in 15-year deal
    January 26, 2015 08:00AM By Mark Maurer
    450-w-33

    From left: Rendering of 450 West 33rd Street in Midtown, Scott Panzer and Bruce Mosler

    The Interpublic Group of Companies expanded its domain to more than 278,000 square feet at Brookfield Office Properties’ 450 West 33rd Street, also known as 5 Manhattan West, The Real Deal has learned. [more]

  • Most popular stories on The Real Deal

    January 26, 2015 07:25AM

    Current reader favorites:
    1. Cushman to adopt Massey Knakal territory system for NYC investment sales
    2. Reign as world’s tallest resi tower is short-lived
    3. Brooklyn landlord sued over alleged love shack
    4. Mystery “Developer 1″ in Silver case said to be Glenwood’s Leonard Litwin
    5. DTZ gives pink slips, plans move to Cassidy Turley office

  • Stunning glass-roofed loft asks $11.5M in Paris

    The original factory structure was created by Gustave Eiffel
    January 25, 2015 05:00PM
    A Parisian loft

    A Parisian loft

    New York City doesn’t have a monopoly on stunning lofts, and this $11.5 million Parisian listing is here to prove it.
    [more]

  • The world’s longest elevator commutes

    A daily trip down and up 432 Park comes out to 178 miles a year in elevator travel
    January 25, 2015 04:00PM
    432 Park Avenue

    432 Park Avenue

    With residential towers reaching ever greater heights, the length of a penthouse dweller’s commute is being stretched. [more]

  • Developers are tapping art curators at luxury projects

    Condos and rentals alike are bringing in art experts as soon as a building gets the green light
    January 25, 2015 03:00PM
    A sculpture on display at Abington House and 400 Park Avenue South where Emily Santangelo was tapped to curate artwork

    A sculpture on display at Abington House and 400 Park Avenue South where Emily Santangelo was tapped to curate artwork

    Developers have long used art to draw the wealthy to their latest luxury building. But increasingly, gallery operators and art curators are lending their trained eyes to high-end real estate projects. [more]

  • Technology meets fashion in a Soho boutique

    Rebecca Minkoff's shop is digitizing the retail experience
    January 25, 2015 02:00PM TRD WEEKEND EDITION
    Rebecca Minkoff’s new flagship in Soho

    Rebecca Minkoff’s new flagship in Soho

    From Luxury Listings NYC: In November, American fashion designer Rebecca Minkoff opened her flagship store at 96 Greene Street. As expected, the boutique was filled with contemporary, flirty dresses and colorful leather bags. But, notably, the store also offers a unique shopping experience that’s enriched by a futuristic twist. [more]

  • Miami home sales set record in 2014, report says

    Although condo sales declined as new projects cut into demand for existing inventory
    January 25, 2015 01:00PM TRD WEEKEND EDITION
    Christopher Zoller, 2015 Residential President of the Miami Association of Realtors and the Miami skyline

    Christopher Zoller, 2015 Residential President of the Miami Association of Realtors and the Miami skyline3

    From the South Florida website: Miami-Dade home sales rose in December, contributing to a record year for sales of single-family houses in 2014. Yet, condo sales declined, as new projects bit into demand for existing inventory, according to a report released Friday by the Miami Association of Realtors. [more]

  • “Poor door” to appear on “Blue Bloods”

    The CBS police drama will “investigate a murder of a lower-income resident in a luxury building”
    January 25, 2015 12:00PM TRD WEEKEND EDITION
    "Blue Bloods" and 40 Riverside Drive

    “Blue Bloods” and 40 Riverside Drive

    Gary Barnett’s notorious “poor door” is getting the TV treatment on an episode of the CBS police drama, “Blue Bloods.” [more]

  • Historic Long Island estate hits the market

    The sprawling prohibition-era estate was featured in “The Godfather”
    January 25, 2015 11:00AM TRD WEEKEND EDITION
    Oak Knoll Estate in

    Oak Knoll Estate in Mill Neck and listing brokers Jason and Sarah Friedman of Laffey Fine Homes in Great Neck

    Sitting on nearly 18 acres on the water, Mill Neck’s Oak Knoll Estate was the site of shoots for Ralph Lauren, “The Godfather: Part III” and “The Sentinel.” Now the William Adams Delano-designed home is on the market for $12.85 million. [more]

  • MTA accused of rigging retail bid process at Grand Central

    The owner of Grande Harvest Wines has taken the agency to court
    January 25, 2015 10:00AM TRD WEEKEND EDITION
    Screen-Shot-2015-01-25-at-10.08

    Bruce Nevins

    A Grand Central Terminal retail tenant is taking the MTA to court, alleging that the agency has “rigged” the bidding process for the space.

    Bruce Nevins has run Grande Harvest Wines in a 960-square-foot space in Grand Central’s Graybar Pass for 16 years. But now the MTA wants to give him the boot, according to the New York Post. [more]

  • Sunday funday? The brunch scene in NYC

    A look at the most over-the-top brunch scene in the city
    January 25, 2015 09:30AM
    Diners and revelers at Bagatelle

    Diners and revelers at Bagatelle

    From Luxury Listings NYC: With headphones pressed to a single ear, the DJ at Bagatelle, a “French bistro” on West 13th Street in the Meatpacking District, spins a conversation-drowning house mix. It’s 2 p.m., and one of Manhattan’s most ostentatious brunch scenes is in full swing.[more]

  • 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]

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