The Real Deal New York

  • Million dollar homes harder to come by

    The number of Manhattan apartments for sale below $1 million are shrinking
    April 20, 2014 11:00AM
    3 Gramercy Park West

    3 Gramercy Park West

    WEEKENDEDITION Because of rising prices and a dearth of listings, New York City homebuyers looking for an apartment in the million-dollar price range are becoming forced to make considerable concessions. [more]

  • Italy to auction off “haunted” island

    The cash-poor nation is looking to lease the 17-acre island near Venice
    April 20, 2014 10:00AM
    Poveglia, a supposedly haunted island in Italy

    Poveglia, a supposedly haunted island in Italy

    WEEKENDEDITION Italy is about to auction off a state-owned island that many believe is haunted. [more]

  • Three leases signed at 250 West 55th Street

    Three firms to occupy a total of 23,265 SF at the office tower’s 16th floor
    April 20, 2014 09:00AM
    250 West 55th Street

    250 West 55th Street

    WEEKENDEDITION Three firms have made deals to occupy a total of 23,265 square feet at the recently-built 250 West 55th Street.

    Veracen Partners, RTW Investments & LifeSci Capital and Coltrane Asset Management have each signed leases for 11,263 square feet, 7,196 square feet and 4,806 square feet, respectively, at the nearly one million square-foot office property at Eighth Avenue. All three companies will occupy a portion of the 16th floor of the 38-story office tower. [more]

  • Shirley MacLaine lists New Mexico ranch for $18M

    7,450-acre property features 9,000 SF house, caretaker's cottage and horse barn
    April 19, 2014 04:00PM
    From left, Shirley MacLaine, her Plaza Blanca Ranch in Abiquiu, NM

    From left, Shirley MacLaine, her Plaza Blanca Ranch in Abiquiu, NM

    WEEKENDEDITION Actress Shirley MacLaine has put her 7,450-acre New Mexico ranch on the market for $18 million. [more]

  • Inside TheRealDeal
  • Astoria complex to receive $4M in new lights

    NYCHA to install the upgraded system within six months to mitigate safety concerns
    April 19, 2014 03:00PM
    From left, Councilman Jimmy Van Bramer, Ravenswood Houses

    From left, Councilman Jimmy Van Bramer, Ravenswood Houses

    WEEKENDEDITION Amid safety concerns, the Ravenswood Houses in Astoria will receive a new lighting system, updating a decades-old dilapidated system.

    Residents at the New York City Housing Authority complex say the old bulbs had grown so dim that they no longer felt safe coming home at night to the 2,167-unit complex, which houses roughly 4,500 residents. [more]

  • Greenwich Village townhouse sells for $8.1M

    Residence at 23 Downing Street has 900 SF of exterior space
    April 19, 2014 02:00PM
    23 Downing Street

    23 Downing Street

    WEEKENDEDITION A restored single-family townhouse in Greenwich Village sold for $8.1 million this week. [more]

  • College of New Jersey developer wins $52.5M loan

    The 130-unit development will also offer up to 80,000 square feet of retail space
    April 19, 2014 01:00PM
    Rendering of PRC Group's student housing project at College of New Jersey

    Rendering of PRC Group’s student housing project at College of New Jersey

    WEEKENDEDITION The PRC Group obtained a $52.5 million construction loan for its $80 million student housing project at The College of New Jersey. [more]

  • Plans for 41 East 22nd Street unveiled

    Residential tower should have 81 units and rise to 777 feet
    April 19, 2014 12:00PM
    From left, plans for 41 E 22nd Street, the current lot at the address

    From left, plans for 41 E 22nd Street, the current lot at the address

    WEEKENDEDITION Continuum Company has unveiled new images for what its new residential tower at 41 East 22nd Street will look like once it is completed. [more]

  • Gowanus coal pockets being razed

    Canal continues to see demolition, changes
    April 19, 2014 11:00AM
    Burns Brothers coal pockets at Gowanus Canal

    Burns Brothers coal pockets at Gowanus Canal

    WEEKENDEDITION The Burns Brothers coal pockets by the Goawnus Canal are in the process of being torn down, presumably to make way for a new office development. [more]

  • 341 Eastern Parkway to hit market this spring

    Crown Heights development to offer 65 resi units
    April 19, 2014 10:00AM
    341 Eastern Parkway

    341 Eastern Parkway

    WEEKENDEDITION A teaser site promoting a long-in-the-works Crown Heights rental development is now up and running. The 65-unit, eight-story building at 341 Eastern Parkway in Brooklyn will offer studio, one- and two-bedroom rentals, including duplexes.

    The almost finished project at Franklin Avenue will have approximately 8,000 square feet of retail and community space. One retail tenant will be Capital One Bank, which signed a 10-year lease for 3,000 square feet at the base of the building. The asking rent was $100 per square foot. Another tenant will take the remaining retail space.


  • Former Rego Park eatery faces demolition

    Home of the former Joe Abbracciamento Restaurant to become apartments
    April 19, 2014 09:00AM
    62-96 Woodhaven Blvd. in Queens

    62-96 Woodhaven Blvd. in Queens

    WEEKENDEDITION Shortly after a famous Rego Park eatery shuttered its doors, a developer has made plans to tear down part of the building it occupied. [more]

  • Greenpoint top nabe for youngsters seeking apartments: report

    But median rent of $1,157 is among priciest in the survey
    April 18, 2014 06:15PM By Business Insider
    Lena Dunham and Alex Karpovsky of "Girls" in front of Greenpoint's Café Grumpy

    Lena Dunham and Alex Karpovsky of “Girls” in front of Greenpoint’s Café Grumpy

    With May right around the corner, U.S. college graduates will be migrating to the nation’s biggest cities to try to find jobs, apartments and start life on their own.

    Niche Ink, a website dedicated to education analysis, put together a list of the best metro areas for millennials. They ranked the metro areas in the U.S. using a dozen factors, including data from the U.S. Census, FBI crime rates and Niche Ink user opinions on the best places for life after graduation. They then calculated the best neighborhood for young people in each of those cities. [more]

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    Finished with your copy of The Real Deal?  Then dive into The South Florida Market Report supplement, which accompanies the April 2014 issue. Within the 70-page section, you’ll find a comprehensive report on the latest condo development boom hitting Greater Downtown Miami, a profile of Argentinian fashion-mogul-turned-developer Alan Faena and his mission to transform an overlooked section of Miami Beach, and a look at the influx of New Yorkers taking over South Florida office space. Click here to read the full report online, or visit our magazine page for a story-by-story breakdown.

  • Sol Lewitt's “Wall Drawing #896 Colors/Curves” inside 1230 Avenue of the Americas

    Sol Lewitt’s “Wall Drawing #896 Colors/Curves” inside 1230 Avenue of the Americas

    Photographer explores inside 64sf homes at Chinatown’s 81 Bowery: PHOTOS. Central Park West‘s $88M penthouse among top ten priciest U.S. deals. The murals of New York City, all in one place: PHOTOS. Read these stories and more after the jump.

  • Starbucks coming to Bleecker Street Records spot

    Coffee chain confirms opening planned for this summer
    April 18, 2014 05:25PM
    From left: 239 Bleecker Street and Starbucks

    From left: 239 Bleecker Street and Starbucks

    The longtime home of Bleecker Street Records, a thriving vinyl store that counted Robert Plant and David Bowie among its customers, will soon be a Starbucks. [more]

  • Airbnb funding now up to $826M

    Latest capital-raising -- led by TPG and Dragoneer Investment Group -- pulls in $500M
    April 18, 2014 05:05PM
    Airbnb's New York City page

    Airbnb’s New York City page

    Short-term lodging purveyor Airbnb, the scourge of New York City hotel and motel owners, has closed on a $500 million funding round. [more]

  • City to fund $10 million maritime center on Pier 26

    Port Authority to contribute $5 million, state an additional $4.75 million
    April 18, 2014 04:45PM
    Pier 26 has hosted some of New York City's concerts

    Pier 26 has hosted some of New York City’s concerts

    The city has secured $10 million in state funds from a trio of agencies to build a stalled maritime education and research center on the Hudson River in Lower Manhattan. [more]

  • This month in real estate history: Garment worker ban?

    Why businesses sought to ban apparel factories on upper Fifth Avenue
    April 18, 2014 04:30PM By Adam Pincus
    The B. Altman store in 1914

    The B. Altman store in 1914

    From the April issue: A group of local store owners and landlords launched an effort to remove garment manufacturers from the upper floors above popular shopping areas in Midtown like Fifth Avenue, 98 years ago this month.

    Known as the Save New York Committee, the organization complained that the large numbers of workers congregating on the shopping thoroughfares north of 33rd Street hurt their businesses. [more]

  • Formal dining, separate kitchens top home buyer wish lists

    Broker: “For a certain demographic, they’re a definite selling point”
    April 18, 2014 04:20PM
    From left: Rendering of a kitchen at 737 Park Avenue, formal dining room at 155 East 79th Street and kitchen at 69 East 86th Street

    From left: Kitchen at 737 Park Avenue, dining room at 155 East 79th Street and kitchen at 69 East 86th Street

    Open kitchens and dining areas have lately featured prominently among New York City’s poshest apartments. But that is changing as an increasing number of home seekers look for separate kitchens and formal dining rooms, prewar design concepts that are newly en vogue. [more]

  • New Jersey sees biggest drop in construction jobs in US

    But New York added workers in March
    April 18, 2014 04:05PM
    (Credit: Shutterstock)

    (Credit: Shutterstock)

    Across New York State, the construction industry employed 329,200 workers in March, up slightly from last month and from the same period last year, according to the Associated General Contractors of America trade organization. [more]