The Real Deal New York

  • The 10 most impressive houses of 2015

    This year, the jury awarded ten designs in three categories.
    April 25, 2015 05:00PM By Business Insider

    Recipients of the 2015 Housing Awards


    The American Institute of Architects (AIA) have announced the recipients of the 2015 Housing Awards. Currently in its 15th year, the awards are designed to “recognize the best in US housing design” and “promote the importance of good housing as a necessity of life, a sanctuary for the human spirit and a valuable national resource.” [more]

  • Hell’s Kitchen hoteliers face boycott after meeting with Ted Cruz

    LGBT activists and organizations are shunning both The OUT hotel and Fire Island Pine
    April 25, 2015 04:00PM TRD WEEKEND EDITION
    OUT Hotel co-owner Mati Weiderpass with Texas senator Ted Cruz and the OUT Hotel

    OUT Hotel co-owner Mati Weiderpass with Texas senator Ted Cruz and the OUT Hotel

    The owners of a hotel located at 510 West 42nd Street in Hell’s Kitchen are facing a boycott after meeting with Republican presidential hopeful and anti-gay marriage activist Ted Cruz. [more]

  • Reality star Bethenny Frankel ends her house hunt in Soho

    Frankel paid $4.2 million for an apartment at 22 Mercer Street
    April 25, 2015 03:00PM TRD WEEKEND EDITION
    22 Mercer Street

    “The Real Housewives of New York City” star Bethenny Frankel and 22 Mercer Street

    From Luxury Listings NYC: After an exhaustive apartment search spanning Hudson Square, Tribeca and SoHo, “The Real Housewives of New York City” star Bethenny Frankel has picked up a new apartment. [more]

  • Qatar is buying up London’s iconic properties

    Here is a look at the country’s most significant holdings
    April 25, 2015 02:00PM TRD WEEKEND EDITION
    Hamad bin Jassim bin Jaber Al Thani

    The Shard and Tower Bridge in London, and Hamad bin Jassim bin Jaber Al Thani, the former Prime Minister of Qatar

    Qatar recently purchased three landmark London hotels – Claridge’s, the Connaught, and the Berkeley – for about $2.4 billion. But those aren’t the only iconic properties the Gulf emirate owns in London. Here is a look some of its most prominent holdings in the city via Buzzfeed. [more]

  • Inside TheRealDeal
  • From the archives: Shh!! The art of selling quietly

    Brokers see more ‘whisper listings’ from skittish owners who don’t want to draw attention
    April 25, 2015 01:00PM By Candace Taylor

    Nikki Field of Sotheby’s at a listing for $7.5 million at 455 Central Park West. She said that even sellers who are not in financial trouble are being more private in this market.
    In the fall of 2008, real estate broker Michael Garr was approached by a former client who had bought a large apartment in a tony building the previous spring.

    The client, who worked in finance, needed to downsize to a less expensive place after the Lehman fallout. But there was a catch: Garr had to keep the plan a secret, because the client hadn’t yet told his wife he was facing financial difficulty. Read the full story from November 2009 issue after the jump.

  • 110 years ago the Times Building was “the city’s tallest”

    Except that it wasn’t
    April 25, 2015 12:00PM TRD WEEKEND EDITION

    The Times Building

    In 1905, the New York Times ran a special supplement declaring the Times Building the “City’s Tallest Structure From Base to Top.” It was a bold, self-interested move, considering that at the time, most correctly considered the Park Row Building, opposite City Hall Park, to be the city’s tallest. [more]

  • Is this the perfect walking tour of NYC?

    According to one data scientist, yes it is
    April 25, 2015 10:00AM TRD WEEKEND EDITION


    Even for longtime New Yorkers, sometimes nothing beats an extended stroll through the city. Now, data scientist Randal Olson, who recently went viral with the “optimal U.S. road trip” map, has used his algorithm to create an “optimized walking tour” (ideal for those who plan to never leave Manhattan). [more]

  • The week in renderings: 44-28 Purves St., 303 East 44th St.

    Here are some images of future NYC sites that caught our eye
    April 25, 2015 09:04AM
    From left: 42 Maspeth Street and 465 Washington Street

    From left: 42 Maspeth Street and 465 Washington Street

    A building in Tribeca that will be enlarged and renovated to meet passive house standards at 465 Washington Street, a skyscraper with floating gardens near the United Nations headquarters and more notable renderings.

  • Court blocks Kuafu’s attempt to ditch Hudson Rise partners

    Strange series of lawsuits over Hudson Rise "not going to end here": judge
    April 24, 2015 06:41PM By Konrad Putzier and Kyna Doles
    Kuafu Ludwick

    From left: Kuafu’s Shang Dai, a rendering of Hudson Rise at 462-470 Eleventh Avenue, and Sean Ludwick

    Kuafu Properties just learned the hard way that dissolving a partnership can be far more difficult than forming one.

    A judge dismissed the New York-based Chinese developer’s petition to cut ties with estranged partners Sean Ludwick’s Blackhouse Development and Siras Development, in a decision reached April 14 and publicly filed Wednesday. This means a bizarre series of lawsuits between the three firms over the 47-story hotel and condo development Hudson Rise is likely headed for another round. [more]

  • Top residential agents of the week

    April 24, 2015 06:15PM
    Maria Manuche and 38 East 1st Street in the East Village

    Maria Manuche and 38 East 1st Street in the East Village

    Maria Manuche, formerly of the Corcoran Group (now at Compass) topped the week’s residential sales with a $6.1 million co-op at 38 East 1st Street in the East Village. Click here to see this listing and more.

  • Pregame analysis: Players weigh in on Meridian Capital’s investment sales push

    Brokerage's move likely to impact middleweight firms
    April 24, 2015 06:00PM By Mark Maurer

    From left: Ralph Herzka, Bob Knakal, J.D. Parker and Stephen Shapiro

    Eat. Sleep. Close. Repeat.

    Meridian Capital Group’s mantra, apt for what sources say is one of the most intense companies a broker can work in, has served it well in the mortgage business. But could Meridian bring the same pizzazz to the investment sales space? [more]

  • Douglas Durst drops court order against Andrew Jarecki

    Robert Durst was the source of the footage of court depositions
    April 24, 2015 05:15PM
    Andrew Jarecki, Robert Durst and Douglas Durst

    From left: Andrew Jarecki, Robert Durst on “The Jinx” poster (Credit: HBO) and Douglas Durst (Credit: Adam Pincus)

    Douglas Durst has dropped his case against “The Jinx” creator Andrew Jarecki. The chair of the Durst Organization had asked a state Supreme Court in January to order Jarecki to reveal how he got his hands on videos of court depositions by members of the Durst family. [more]

  • Chinese investments in NY could total $50B in coming years

    While 2014 broke records, more is to come, according to experts
    April 24, 2015 04:40PM

    The Waldorf Astoria

    Chinese investors could bring more than $50 billion to the New York City real estate market, according to Cushman & Wakefield chairman of New York investment sales Bob Knakal. [more]

  • Rockfeld Group to buy retail condo in former Williamsburgh Savings Bank Tower

    Asking price at One Hanson was in the mid-$20M range
    April 24, 2015 04:20PM By Rich Bockmann
    The ground-floor interior of One Hanson Place and Steven Feldman.

    The ground-floor interior of One Hanson Place and Steven Feldman

    The Brooklyn Flea may be gone, but there’s no dearth of deals being done under the vaulted ceilings of the ornate, Beaux Arts interior of the former Williamsburgh Savings Bank Tower.

    The Rockfeld Group is in contract to buy a retail condo with 61-foot ceilings at 1 Hanson Place in Downtown Brooklyn, The Real Deal has learned. The space, which was asking in the mid-$20 million range, is so cavernous that it used to host the borough’s popular bazaar.  [more]

  • Arnold Penner’s son drops “hoodwinking” claims against him

    In a motion tied 250 Church deal, Arnold said Jonathan was "far from a babe in the woods"
    April 24, 2015 03:46PM By Tess Hofmann

    250 Church Street in Tribeca (inset: Arnold Penner)

    Jonathan Penner has dropped a dramatic lawsuit accusing his father, real estate investor Arnold Penner, of hoodwinking him out of a lucrative investment in a Tribeca office building. For his part, Arnold pooh-pooed his son’s allegations and said Jonathan should have “engaged in some simple math before filing the complaint.” [more]

  • Tracy Mansion, once Brooklyn’s priciest single-family listing, set for conversion

    Park Slope mansion may be split into seven units
    April 24, 2015 03:10PM By Will Parker
    Tracy Mansion Brooklyn

    Tracy Mansion at 105 Eighth Avenue in Park Slope (credit: Halstead Property and Zillow)

    It’s not the official residence of the mayor, but it does sound like it, and it does lie in Hizzoner’s neighborhood. [more]

  • MoMA store in Soho mulls move

    Shop's lease expires in 2016 after 13 years in the Spring Street location
    April 24, 2015 02:42PM
    From left: 81 Spring Street and the MoMa store

    From left: 81 Spring Street in Soho and the MoMA store

    The Museum of Modern Art Design Store could be moving to another location, due to rising rents. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    April 24, 2015 02:15PM

    1. “Million Dollar Listing”: Comps are overrated
    2. Frank Sinatra’s UES pad sells for $5M
    3. Compass accuses Corcoran of launching smear campaign

    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]

  • Gloria Vanderbilt’s former UES mansion hits market for $59M

    B+B Capital, Mink Development converting it from five units to a single-family home
    April 24, 2015 01:45PM
    39 East 72nd Street on the Upper East Side and Gloria Vanderbilt

    39 East 72nd Street on the Upper East Side and Gloria Vanderbilt

    A Gilded Age mansion on the Upper East Side that was once home to heiress and socialite Gloria Vanderbilt, mother of Anderson Cooper, listed for $59 million.

    The building at 39 East 72nd Street is currently configured as five apartments, but owners B+B Capital and Mink Development have plans to convert it to a single family. CetraRuddy has been hired for the conversion, according to the New York Daily News. The finished product would be an 11-bedroom, 10-bathroom home with two terraces, located just one block from Central Park. [more]

  • Crane collapse kills worker at Even Hotel site in Midtown

    Raber is developing a 35-story hotel at 219 East 44th Street
    April 24, 2015 01:15PM
    From left: Rendering of 219 East 44th Street and the scene on Friday morning (Credit: @andyjayhawk)

    From left: Rendering of 219 East 44th Street and the scene on Friday morning (Credit: @andyjayhawk)

    A construction worker was killed Friday morning in a crane collapse at the construction site of the Raber Enterprises-developed Even Hotel on East 44th Street. [more]