The Real Deal New York

  • Chinatown couple wants to pay rent like it’s 1999: Lawsuit

    The last time their landlord registered the unit the rent was under $200
    August 28, 2016 05:00PM TRD WEEKEND EDITION
    Orchard Street in Chinatown

    Orchard Street in Chinatown

    Talk about partying like it is 1999. Kirill Nikonov and Kaimi Huang have stumbled across what could be a very sweet deal: a one-bedroom apartment in Manhattan for just $199.15 a month. But, like so many things, it’s likely too good to be true. [more]

  • The rich and famous are hiding their homes from Google Maps

    And paying big bucks to do it
    August 28, 2016 04:00PM TRD WEEKEND EDITION

    From Luxury Listings NYC: In New York City, the rich and famous hide their addresses by buying homes under an LLC. In California (and other parts of the country), they do so by preventing Google Maps — or any other satellites — from taking photographs of their streets and neighborhoods. [more]

  • Downtown Brooklyn’s City Point faces yet another delay

    Trader Joe’s is pushing its opening date to next year
    August 28, 2016 03:00PM TRD WEEKEND EDITION
    City Point in Downtown Brooklyn

    City Point in Downtown Brooklyn

    Downtown Brooklyn’s City Point development is being plagued with delays from its retail tenants. After learning that Alamo Drafthouse won’t be opening this August, Trader Joe’s has pushed back its opening from this fall to 2017. [more]

  • Netscape co-founder lists Palm Beach estate for $137M

    Clark paid only $11 million for the 5.14-acre property in 1999
    August 28, 2016 01:00PM TRD WEEKEND EDITION
    Il Palmetto Andy Frame and Jim Clark

    Aerial view of Il Palmetto (Credit: Andy Frame). Inset: Jim Clark


    From the South Florida website:
    Internet entrepreneur and computer scientist James Clark will list his waterfront, Mediterranean-style Palm Beach estate for $137 million. [more]

  • Inside TheRealDeal
  • La Guardia reconstruction leads to travel nightmares

    Many say they won’t be using the airport for years to come
    August 28, 2016 12:00PM TRD WEEKEND EDITION
    A rendering of the new LaGuardia Airport

    A rendering of the new LaGuardia Airport

    La Guardia Airport’s status as a “third-world” airport just got even worse amidst its eight-year, $8 billion overhaul. As construction blocks the way of travellers and cabs, wait times have skyrocketed and fliers are increasingly forced to haul their luggage down the highway. [more]

  • The American McMansion is dying for good

    August 28, 2016 11:00AM By Business Insider
    TRD WEEKEND EDITION
    A McMansion in Salinas, California. (Wikimedia Commons)

    A McMansion in Salinas, California. (Wikimedia Commons)

    In the late 1990s to mid-2000s, there was perhaps no better indicator of affluence than the McMansion, a cookie-cutter suburban home that typically measures between 3,000 and 5,000 square feet. [more]

  • Developer faces flapjack fiasco

    Locals criticize plan to bring IHOP to Revolutionary War burial ground
    August 28, 2016 10:00AM TRD WEEKEND EDITION
    The Revolutionary War site in Fishkill

    The Revolutionary War site in Fishkill

    Plans are hot off the griddle to develop an 18th-century colonial village — that would include an International House of Pancakes — on a Revolutionary War burial ground upstate. But locals are say they don’t want their history with a side of “Rooty Tooty Fresh ‘N Fruity Pancakes.” [more]

  • Developer accused of swiping staging furniture: Lawsuit

    August 28, 2016 09:00AM By Isabel Schwab
    TRD WEEKEND EDITION
    The offending furniture at 46 East 82nd Street

    The offending furniture at 46 East 82nd Street

    From Luxury Listings NYC: You know when you walk into a listing and it has such perfect, beautiful furniture that you can’t help but want to take it along with the house?

    Well British developer Penny Bradley is being accused of doing just that — and the interior design firm that lent her the furnishings is not happy about it. Kammi Reiss Design is suing Bradley for failing to return furniture that the firm purchased for staging Bradley’s listing at 46 East 82nd Street, According to a lawsuit. [more]

  • Paisley Park and Prince (photo credits: Nick Scribner and Scott Penner via Wikipedia)

    Paisley Park and Prince (photo credits: Nick Scribner and Scott Penner via Wikipedia)

    From Luxury Listings NYC: Move over Dollywood and Graceland, there’s a new music icon’s estate to visit. Starting October 6th, Prince fans can tour his Paisley Park home, a 65,000-square-foot private estate and studio complex in the Minneapolis suburb of Chanhassen. Those eager to see how rock royalty lived and worked can embark on a tour — run by the same folks who oversee Graceland — that includes the recently deceased superstar’s recording studios and thousands of artifacts from his personal archives. [more]

  • After sitting untouched for a decade, a mansion returns to the market

    The elegant Berkeley, Calif. manse is asking $7.5 million
    August 27, 2016 03:00PM TRD WEEKEND EDITION
    1960 San Antonio Street

    1960 San Antonio Street

    One of Berkeley’s best mansions is on the market once again after sitting vacant for more than a decade. The12,000-square-foot house is asking $7.5 million. [more]

  • Jennifer Lawrence and her condo

    Jennifer Lawrence and her condo (photo credit: Gage Skidmore via Wikipedia)

    From Luxury Listings NYC: Academy Award-winning actress and everyone’s dream best friend, Jennifer Lawrence, is moving on up — in real estate, that is. [more]

  • From the archives: Room for the seedy side of life

    August 27, 2016 01:00PM By Gabby Warshawer
    TRD WEEKEND EDITION

    brothel-645x356

    This summer a Brazilian madam was arrested in her Midtown condo at 100 West 58th Street. She admitted to running a high-class prostitution business out of her $1.2 million apartment at Windsor Park and said she planned to use the profits to buy a floor of condos at the Plaza with Italian investors.

    Prime real estate and the city’s seedy underbelly have long commingled, with houses of ill repute prospering in both gilded districts and downtrodden neighborhoods. Read the full story from the January 2007 issue here. 

  • Reconstruction possible at flame gutted Serbian Orthodox Cathedral

    The city has approved the addition of new supports at the historic church
    August 27, 2016 12:00PM TRD WEEKEND EDITION
    The Serbian Orthodox Cathedral of St. Sava before and after the fire (image credit Beyond My Ken and Boarder143 via WIki Commons)

    The Serbian Orthodox Cathedral of St. Sava before and after the fire (image credit Beyond My Ken and Boarder143 via WIki Commons)

    Some three months ago, a four-alarm fire gutted the landmarked Serbian Orthodox Cathedral of St. Sava on West 25th Street. Currently, beams support the shell of the church and construction boards block off the unstable site from the street. But now, for those who hope to see the church rebuilt, there is a glimmer of hope. [more]

  • These are the states where the most millennials live at home: MAP

    New York, New Jersey and Connecticut are naturally chief offenders
    August 27, 2016 11:00AM TRD WEEKEND EDITION

    millineals_home

    Everyone loves to give millennials a hard time. They don’t like cars, they aren’t getting married, they aren’t “go-getters.” Even Martha Stewart recently took them to task in LLNYC last cover story. [more]

  • Steve Wynn is making a big bet on this new luxurious $4B casino in China

    Check out the video after the jump
    August 27, 2016 10:00AM By Business Insider
    TRD WEEKEND EDITION

    Screen-Shot-2016-08-27-at-8.58

    Steve Wynn is placing is opening a $4 billion casino in China’s only legal casino gambling hub. [more]

  • British lord, American model list their West Village apartment

    She was once called "the American mom with a Downton Abbey life"
    August 27, 2016 08:51AM TRD WEEKEND EDITION
    The apartment at 299 West 12th Street and Dawn Russell (credit: Estee Lauder)

    The apartment at 299 West 12th Street and Dawn Russell (credit: Estee Lauder)

    From Luxury Listings NYC: Former American model, Dawn Alexander Russell, and her husband Lord James Russell have listed their West Village apartment at 299 West 12th Street for $2.5 million, according to StreetEasy. [more]

  • From the archives: The Closing with Sam Chang

    A look back at 2008 interview with the Great Neck-based hotel developer
    August 26, 2016 05:40PM By Lauren Elkies Schram
    50960_Sam_Chang-172x250

    Sam Chang (credit: STUDIO SCRIVO)

    How have you been able to be successful?
    I don’t think I am successful yet. My dream is to be a billionaire.

    What is your favorite hotel?
    InterContinental Hotel Hong Kong.

    Is it yours?
    I wish!

    What’s one thing people don’t know about you?
    People who don’t know me think that I’m a real tough guy. But I’m a very easy person to get along with. I have all different kinds of friends. If you’re a janitor, you can be my friend, all the way up to Donald Trump, who’s my friend.

    Read the full installment of the Closing from the July 2008 issue here.

  • Developer sues New York state over Sunset Park land

    W601 Companies bought industrial lot for $92M with partner in 2013
    August 26, 2016 04:27PM By Konrad Putzier
    Sunset Industrial Park at 75 20th Street in Brooklyn

    Sunset Industrial Park at 75 20th Street in Brooklyn

    Developer W601 Companies is suing New York state to take control of a sliver of land at its Sunset Park industrial site.

    Mark Karasick’s development firm bought the 690,000-square-foot industrial lot at 75 20th Street for $91.5 million in 2013 in partnership with Michael Silberberg’s Berkley Properties. [more]

  • LeFrak plans 260-unit mixed-use development in LA

    New York developer bought the Art Deco property for $6M in 2007
    August 26, 2016 03:40PM By Cathaleen Chen
    LeFrak CEO Richard LeFrak and the site at 6436 West Hollywood Boulevard

    LeFrak CEO Richard LeFrak and the site at 6436 West Hollywood Boulevard

    From the Los Angeles website New York developer Richard LeFrak is expanding his footprint in Los Angeles with a new mixed-use project.

    LeFrak has submitted plans for a 278,892-square-foot mixed-use complex with 260 residential units and 17,800 square feet of commercial space, according to city planning documents. [more]

  • TRD’s “The Closing” book available for purchase, download

    Candid conversations with moguls, starchitects and a host of other industry heavyweights
    August 26, 2016 03:10PM

    Closing-Page

    “The Closing” book features 100 candid interviews with industry heavyweights, who share the good, the bad and the ugly they faced while climbing to the top, and for some, falling from grace. The collection is drawn from nearly a decade of The Real Deal’s back-page interview, The Closing, one of the most popular features with readers since the magazine’s inception.

    In no-holds-barred conversations, we learn about the tough times and the triumphs of luminaries like Charles Kushner, who spent his time in prison mentoring younger inmates; and Stephen Ross, who spent as much time as a school boy in the principal’s office as he does now in boardrooms.

    The book is a must-read for anyone fascinated by these very human stories of the grit and determination it took to conquer the world of New York City real estate. It is available for purchase here, or can be downloaded through The Real Deal‘s app on iTunes and Google Play.

    The book is also available on Amazon and Shopify.

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