The Real Deal New York

  • What could replace the Essex Street Market: RENDERINGS

    Construction won’t begin on the 75-year-old market site until after it has relocated in 2018
    August 01, 2015 12:00PM TRD WEEKEND EDITION
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    A rendering of an Essex Crossing building

    The 75-year-old Essex Street Market, known simply as “Site 9” in the Essex Crossing development plans, will soon be replaced with a 12-story mixed-use tower. Here’s a look at what maybe coming. [more]

  • Trump gave his Presidential pitch to Oprah back in 1988: VIDEO

    Spoiler: Not a lot has changed
    August 01, 2015 10:55AM TRD WEEKEND EDITION
    Oprah and the Donald

    Oprah and the Donald

    Way back in 1988, Oprah asked Donald Trump if he would ever run for President. His answer: “Probably not.” [more]

  • Take a tour of the most expensive house for sale in America

    August 01, 2015 10:00AM By Business Insider
    TRD WEEKEND EDITION

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    This 1930s-built estate, called “Briar Patch,” in East Hampton is the most expensive home for sale in the US, according to Zillow Group. [more]

  • Mariah Carey heads to Malibu’s Billionaire’s Beach

    Singer/Songwriter rents $10,000-a-day beachfront estate via Airbnb
    August 01, 2015 09:13AM TRD WEEKEND EDITION

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    From Luxury Listings NYC: Singer/songwriter Mariah Carey says “I’ll be there” to Malibu’s so-called Billionaire’s Beach after recently renting a $10,000-per-night four-bedroom, four-bathroom estate via Airbnb. [more]

  • Inside TheRealDeal
  • Top residential agents of the week

    Priciest sale was a reservoir-facing pad in a Candela-designed building
    July 31, 2015 06:10PM
    Kathy Sloane and 1120 Fifth Avenue in Carnegie Hill

    Kathy Sloane and 1120 Fifth Avenue in Carnegie Hill

    Kathy Sloane of Brown Harris Stevens topped this week’s residential sales with a $15.6 million co-op at 1120 Fifth Avenue in Carnegie Hill. Click here to see this listing and more.

  • Rendering of the condo conversion of Essex Market on the Lower East Side.

    Rendering of the condo conversion of Essex Market on the Lower East Side (Credit: GF55 Partners) 

    Falling A/C unit hurts construction worker. New look for Essex Market on the Lower East Side revealed. Battery Park City is becoming a go-to destination. Read these stories and more after the jump.

  • Cosmetics maker asking $65M for Sunnyside warehouse

    Mana's 215K sf property at 27-11 49th Avenue sits on a 2.5-acre site
    July 31, 2015 05:55PM By Mark Maurer
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    27-11 49th Avenue in Sunnyside (inset: Mana Products CEO Nikos Mouyiaris)

    Mana Products is looking to sell a 215,000-square-foot Sunnyside warehouse that sits on a 2.5-acre site for $65 million. [more]

  • Forbes to open satellite space in Greenwich Village

    Company moved its headquarters to Jersey City late last year
    July 31, 2015 05:15PM
    From left: Forbes Building in Manhattan and Forbes Media CEO Mike Perlis

    From left: Forbes Building in Manhattan and Forbes Media CEO Mike Perlis

    If you’ve got it, flaunt it.

    Forbes Media is planning to open a 7,500-square-foot satellite office in Greenwich Village that will include a private dining room and will be used for receptions, business meetings, presentations and speaking engagements, according to the New York Post. [more]

  • For New York renters, convenience is king

    New data from Naked Apartments paints the picture
    July 31, 2015 04:50PM By Ariel Stulberg
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    Data on the time of day renters are most active with viewing requests (credit: Naked Apartments)

    Renters in New York want what they want, and they want it now.

    In the city’s ruthless, blink-and-it’s-gone rental market, speed and convenience are everything, as new data on Naked Apartments’ Viewings on Demand feature reveal. [more]

  • Stay tuned for TRD‘s weekend edition

    Keep in touch with NYC, Florida and international real estate news
    July 31, 2015 04:20PM

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    The dog days of August are upon us, but The Real Deal is still cranking out the stories in our weekend edition.

    Every Saturday and Sunday, we bring you the most interesting real estate items from around the country and abroad, plus a look at some of the hottest lifestyle stories from Luxury Listings NYC and our South Florida site.

    But, we don’t entirely forget the hard news. If there’s a breaking story, we’ll be there to report it.

    So, check out TRD’s weekend edition. And, like our Facebook page or follow us on Twitter to stay in touch with us on the go.

  • One Brooklyn Bridge Park turns to DNA testing of dog feces

    Seven matches have been identified since policy was implemented in May
    July 31, 2015 03:45PM
    One Brooklyn Bridge Park in Brooklyn Heights (inset: Weimaraner)

    One Brooklyn Bridge Park in Brooklyn Heights (inset: Weimaraner)

    It was on virtually every floor and even in the main lobby — a gross miscellany of urine, vomit and feces. The residents of tony One Brooklyn Bridge Park have since taken extreme measures to hunt down owners who encourage their canines to use the building as their back yard — requiring DNA testing. [more]

  • New York City CMBS issuance explodes in 2015, reaches post-crisis record

    Volume of securitized loans grew 47% YOY; loans tied to Brooklyn and Queens properties leap
    July 31, 2015 03:10PM By Konrad Putzier

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    In 2008, at the height of the global financial crisis, the dean of Moscow’s elite diplomat academy MGIMO Igor Panarin predicted there was “a high probability” the U.S. would disintegrate by 2010. Turns out it’s 2015 and you can still travel from Manhattan to Wichita without a passport. Here’s another, more common prediction that also didn’t pan out: that securitization would disappear from the post-crash economy. [more]

  • Divorce, developer style

    Irreconcilable differences over pricey conversion of Manhattan House
    July 31, 2015 02:40PM By Adam Piore

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    From the archives: It was supposed to be a day of triumph for real estate mogul Richard Kalikow and his staff overseeing the conversion of the 583-unit Manhattan House into luxury condos.

    Less than a week before, on March 30, 2007, New York State’s Attorney General had signed off on the $1.1 billion condo conversion plan for the storied East Side property, on 65th between Second and Third avenues. That afternoon, Kalikow staffers had mailed the last of the sales offerings out to the building’s tenants, a benchmark that took 18 months to reach. Read more of this 2008 story.

     

  • Raucous parties ruin Soho resident’s $10.5M penthouse: suit

    Condo rooftop allegedly operating illegal bar
    July 31, 2015 02:08PM
    From left: 54 Thompson Street and Mediterranean restaurant Pera in Soho

    From left: 54 Thompson Street and Mediterranean restaurant Pera in Soho

    When Rocco Vogel bought a $10.5 million Soho penthouse last year, he didn’t realize that “excessive” partying was one of the amenities. [more]

  • NYU files plans for Cobble Hill medical facility

    New hospital to span a total of roughly 343,000 square feet
    July 31, 2015 01:20PM By Claire Moses
    Rendering of the new development of the former Long Island College Hospital site in Cobble Hill, Brooklyn

    Rendering of the new development of the former Long Island College Hospital site in Cobble Hill

    NYU Medical Center filed plans for its proposed medical facility at the former site of the Long Island College Hospital at 339 Hicks Street in Cobble Hill, according to a permit application filed with the city Friday. [more]

  • “Freakonomics” co-author nabs UWS pad for $5.4M

    Stephen Dubner bought a co-op in 15 West 81st Street
    July 31, 2015 12:45PM By Tess Hofmann
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    15 West 81st Street on the Upper West Side (inset: Stephen Dubner and “Freakonomics”)

    Likely detecting ripples of New York City real estate trends decades in the future, unseen and unheard by the rest of humanity as of yet, “Freakonomics” co-author Stephen Dubner has selected an Upper West Side co-op as his place of residence. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    July 31, 2015 12:30PM

    1. Horacio LeDon quits Douglas Elliman job in SoFla
    2. Ex-Nets star Deron Williams listing Tribeca pad for $33.5M
    3. Here’s what 220 Central Park South might look like

    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]

  • Rezonings would trigger affordable housing mandates

    Under de Blasio plan, developers would have to set aside at least 25 percent of the units
    July 31, 2015 12:00PM
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    Mayor Bill de Blasio at the announcement of his affordable housing plan last year

    For developers looking for a rezoning for their new residential projects, affordable housing may no longer be optional.

    Mayor Bill de Blasio is adding a mandatory inclusionary zoning provision to his affordable housing plan, according to Capital New York. Under the new plan, developers would have to set a quarter of the units aside for affordable apartments in return for city approval for a rezoning. On average, such units would be rented to families earning 60 percent of the area’s median income, which currently amounts to $46,620 for a family of three. [more]

  • Rendering of East Midtown Plaza redevelopment

    Rendering of East Midtown Plaza redevelopment (WXY Studio)

    Could a streetcar connect Red Hook and Astoria?. East Midtown Plaza public space slated for redesign. Cuomo’s penchant for massive infrastructure projects. Read these stories and more after the jump.

  • Helping underwater homeowners move on

    Fannie Mae policy change removes requirement of a minimum equity stake
    July 31, 2015 11:00AM By Kenneth Harney
    RealtyTrac

    From left: Daren Blomquist and Paul Skeens

    Could a little-noticed policy change by giant mortgage investor Fannie Mae help homeowners who’d like to move but can’t because they’re underwater — they owe more to the bank than the likely selling price of their houses? Could it help you?

    Maybe. But you’re going to have to be able to qualify for a new mortgage to buy a new primary residence and rent out your current house, converting it into an investment property. [more]

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