The Real Deal New York

  • Silvercup Studios looks to jumpstart $1B expansion

    Queens community board to review movie studio's massive mixed-use project
    September 19, 2014 05:50PM
    silvercup-studios-west

    Rendering of Silvercup West in Long Island City

    Silvercup Studios filed special permit renewals to revive its long-delayed $1 billion expansion project. [more]

  • City Planning's revamped neighborhood map includes more neighborhoods than the 2010 edition.

    City Planning’s revamped neighborhood map includes more neighborhoods than the 2010 edition.

    City Planning unveils new neighborhood map. Manhattan’s income disparity is nation’s largest. Bushwick burglaries target construction sites. Read these stories and more after the jump.

  • Billionaire Ron Perelman’s firm pays $120M for Lenox Hill rental

    David Kuperberg-led FirstService Residential sold the building at 27 East 62nd Street
    September 19, 2014 05:11PM By Hiten Samtani
    Ronald Perelman and 27 East 62nd Street (Credit: PropertyShark)

    Ronald Perelman and 27 East 62nd Street (Credit: PropertyShark)

    Billionaire Ronald Perelman’s MacAndrews and Forbes Holdings just paid $120 million for a rental building in Lenox Hill, according to property records filed with the city today. [more]

  • Following the money on November’s elections

    A breakdown of the campaign cash flowing to candidates from real estate players
    September 19, 2014 04:55PM By Hiten Samtani
    Rob Astorino and Gov. Andrew Cuomo

    Rob Astorino and Governor Andrew Cuomo

    From the September issue: Gov. Andrew Cuomo has raked in $42.7 million from more than 5,000 donors this election cycle. That’s compared with the $2.6 million his GOP rival Rob Astorino, the Westchester County Executive, collected from roughly 2,200 donors. (They had $35 million and $2.4 million on hand, respectively, as of late July.) [more]

  • Inside TheRealDeal
  • Top Manhattan apartment sales: September 8 – September 14

    An interactive map of the priciest recorded apartment deals, plus total overall sales and average prices for the week (click on numbers to see data)
    September 19, 2014 04:35PM

  • Kelly Ripa sells Soho penthouse

    Spread trades hands for $20M, a $4.5M discount off the listing price
    September 19, 2014 04:15PM By Zachary Kussin
    kelly ripa, mark consuelos and images of their 76 crosby street listing

    Kelly Ripa, Mark Consuelos and images of their 76 Crosby Street listing

    Talk show host Kelly Ripa and hubby, Mark Consuelos, sold their penthouse at 76 Crosby Street for $20 million, according to today’s property records. The 6,800-square-foot spread hit the market in January 2013 for $24.5 million, StreetEasy shows. [more]

  • Letitia James backed BAM hotel after developer donations

    Macro Sea and 21C Museum Hotels gave $3K in campaign contributions
    September 19, 2014 03:55PM
    From left: Macro Sea's David Belt and Public Advocate Letitia James

    From left: Macro Sea’s David Belt and Public Advocate Letitia James

    New York City Public Advocate Letitia James raked in thousands of dollars in campaign contributions last year from a pair of real estate developers looking to build a hotel on city land in Brooklyn, then recommended the project to city officials, according to a letter obtained by DNAinfo.

    James, who received a total of $3,000 from Brooklyn-based developers Macro Sea and 21C Museum Hotels, then wrote a glowing letter about their project to city officials weighing the proposal, according to records cited by DNAinfo. [more]

  • This week in renderings: Aperture 538, Gateway Elton Street

    Here are some images of future NYC sites that caught our eye
    September 19, 2014 03:25PM
    One Vanderbilt in Midtown Manhattan (Credit: Kohn Pedersen Fox via New York YIMBY)

    One Vanderbilt in Midtown Manhattan (Credit: Kohn Pedersen Fox via New York YIMBY)

    SL Green’s One Vanderbilt and Hudson Companies’ Gateway Elton Street, now entering its third phase, are among the latest projects to receive a new batch of renderings in the past week. Click here for a slideshow and more.

  • State gets approval to seize Atlantic Yard sites

    One landlord told to vacate tenants within 90 days
    September 19, 2014 03:05PM
    From left: Properties to be seized on map and Pacific Park Brooklyn rendering

    From left: Properties to be seized on map and Pacific Park Brooklyn rendering

    The Empire State Development Corporation received the go-ahead yesterday to seize several buildings through eminent domain to make way for a portion of Forest City Ratner’s Atlantic Yards project, recently renamed Pacific Park Brooklyn. [more]

  • Elad plans mixed-rate condo over West Side train tracks

    Israel-based firm purchased site above Amtrak line for $43M in July
    September 19, 2014 02:40PM By Rich Bockmann
    505-513 West 43rd Street

    505-513 West 43rd Street

    The development firm that bought a Far West Side property over a set of train tracks earlier this year is planning to erect a 16-story building that will offer both market-rate and affordable condos.

    The Elad Group, owner of the Plaza Hotel and developer of projects such as the warehouse-to-condo conversion of 250 West Street in Tribeca, is in the beginning stages of seeking city approval for its residential development at 505-513 West 43rd Street. [more]

  • Foreign diplomats struggle to find foothold in NYC real estate

    Concerns about diplomatic immunity, large security details and parties leave co-op boards wary
    September 19, 2014 02:15PM
    From left: 435 East 52nd Street, 730 Park Avenue and 834 Fifth Avenue have each tangled with diplomatic residents or prospective buyers

    From left: 435 East 52nd Street, 730 Park Avenue and 834 Fifth Avenue have each tangled with diplomats

    In housing markets the world over, members of the diplomatic corps generally enjoy easy access to and quick approval at posh properties. But such is not always the case in Gotham, where foreign emissaries often find themselves struggling against co-op boards and other vetting groups disinclined to deal with tenants who have diplomatic immunity, large security details and busy entertaining schedules. [more]

  • NYU Langone drops out of pending Cobble Hill hospital deal

    Judge advised nurses union to file lawsuit against prospective buyer
    September 19, 2014 01:50PM
    lich

    550 First Avenue in Kips Bay and 339 Hicks Street in Brooklyn

    NYU Langone Medical Center scrapped plans late last night to redevelop the Long Island College Hospital site in Cobble Hill. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    September 19, 2014 01:25PM

    1. PHOTOS: Sales launch at Tribeca’s 290 West
    2. $85M air rights purchase pushes stalled MoMa tower ahead
    3. Townhouse built for Douglas Elliman–the person–sells

    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]

  • Billy Macklowe to build 23-story property on University Place

    Developer files first permits to construct tower
    September 19, 2014 12:55PM
    From left: Billy Macklowe and 110 University Place, Manhattan

    From left: Billy Macklowe and 110 University Place, Manhattan

    Billy Macklowe, the developer who bought the location of the now-shuttered Bowlmor Lanes on University Place, is planning to build a 23-story residential development at the location. [more]

  • City to hire dozens more contractors for Sandy rebuilding

    Effort could quadruple pace of construction funded through troubled program
    September 19, 2014 12:25PM
    Mayor Bill de Blasio at press conference on Superstorm Sandy recovery

    Mayor Bill de Blasio at a press conference on Superstorm Sandy recovery

    New York City officials believe they can quadruple the pace of repairing and renovating homes damaged by Superstorm Sandy by hiring additional contractors.

    The city intends to hire dozens of contractors who would be paid with federal funds to rebuild storm-ravaged properties through the Build It Back program, the Wall Street Journal reported. The city will seek proposals for services that include elevating houses above water levels to prevent damage from storm surge, according to the newspaper. [more]

  • Steepest, cheapest listings to hit Manhattan this week

    On the high end: A Tiffany stained-glass skylight. On the low: Windows in the kitchen.
    September 19, 2014 12:00PM
    From left: 157 East 70th Street and 330-40 Haven Avenue

    From left: 157 East 70th Street and 330-40 Haven Avenue

    The Corcoran Group’s Leighton Candler and Caroline Hall had the priciest single-family residential listing to hit the Manhattan market this week with a $28 million townhouse at 157 East 70th Street in Lenox Hill, while Douglas Elliman’s Natalia Gavrilov had the cheapest with a $275,000 one-bedroom co-op at 502 West 141st Street in Hamilton Heights. Click here to see these listings and more.

  • Claremont Group gets $52M loan for FiDi conversion

    99 Wall Street to go from 25-story office building to condo site
    September 19, 2014 11:35AM
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    Mark Fisher and 99 Wall Street in Lower Manhattan

    The Claremont Group received a $52.4 million loan from Cornerstone Real Estate Advisers for a conversion project on the site of a 25-story building.

    The floating-rate loan carried an interest rate “in the low-middle single digits,” a spokesperson for brokerage CBRE told the New York Observer. CBRE’s Mark Fisher handled negotiations for the financing. Claremont is planning to build high-end residential condominiums on the site, at 99 Wall Street, which now holds office space. [more]

  • NY lawmakers question Airbnb’s “$1 million host guarantee”

    Insurance promise may constitute deceptive business practice, letter charges
    September 19, 2014 11:10AM
    State Superintendent Benjamin Lawsky and a map of Airbnb rentals in New York City

    State Superintendent Benjamin Lawsky and a map of Airbnb rentals in New York City

    Airbnb is under fire for allegedly misleading insurance policies, with two New York lawmakers calling on State Superintendent Benjamin Lawsky to investigate.

    In a letter to Lawsky, State Senator Adriano Espaillat and Assemblyman Francisco Moya questioned the legality of Airbnb’s so-called “$1 million host guarantee,” a policy that promises to reimburse hosts for any damages incurred by guests for up to $1 million. The guarantee, they argue, “may constitute a deceptive business practice in that it willfully misleads Airbnb hosts into believing they have sufficient coverage,” they wrote. [more]

  • Proposed Court Square resi development could become hotel

    New permit application calls for a 108-room hotel on the site
    September 19, 2014 10:45AM
    27-07 43rd Avenue in Court Square, Long Island City

    27-07 43rd Avenue in Court Square, Long Island City

    A Gene Kaufman-designed nine-story residential project in Long Island City might undergo changes. [more]

  • Manhattan’s last parking lots

    Developers have long been snatching up parking lots, but there are still a number of them in play — and ripe for development
    September 19, 2014 10:21AM By Rich Bockmann

    From the September issue: Try finding a place to park below 59th Street in Manhattan and you might discover that lots with available spots are hard to come by. That’s because as developers have snapped up parking lots and garages for real estate projects over the past decade, about a third of the land used for parking has disappeared. [more]

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