The Real Deal New York

  • Long Island Roaring 20s estate with gilding galore hits the market

    September 24, 2016 04:00PM TRD WEEKEND EDITION
     65 Dogwood Avenue in Roslyn Harbor

    65 Dogwood Avenue in Roslyn Harbor

    From Luxury Listings NYC: In 1926, Percy Pyne – the grandson of Moses Taylor, the director and president of City Bank of New York — bought the last large tract of farmland still available in Roslyn Harbor. There he developed a 90-acre estate that some 80 years later is back on the market for $5.8 million. [more]

  • MahaNakhon tower

    MahaNakhon tower

    The MahaNakhon tower was just completed in Bangkok’s financial district. It rises to more than 1,030 feet and is now the tallest building in the country. But more than height, it’s the tower’s striking architecture that is turning heads. [more]

  • Fairytale private island in Montana asking $39M

    September 24, 2016 01:00PM TRD WEEKEND EDITION


    From Luxury Listings NYC: A private island that comes complete with its own humongous stone castle is on the market for $39 million. [more]

  • Citi Habitats kills partnership with Rentlogic

    The partnership lasted just eight days
    September 24, 2016 12:28PM TRD WEEKEND EDITION
    From left: Yale Fox and Gary Malin

    From left: Yale Fox and Gary Malin

    It looked like a victory for transparency in the rental market, but it was over basically before it started. Rentlogic, which provides renters with detailed information about their landlords and assigns them a letter grade, announced a partnership with Citi Habitats this month. The partnership lasted just eights days thanks to blowback from landlords.

    As the Real Deal previously reported, the partnership with Citi Habitats, which has around 18,500 listings in its database, meant that Rentlogic would have a greatly expand its influence. [more]

  • Inside TheRealDeal
  • Haute Hippie CEO sues over botched townhouse renovation

    The designer couple say a construction company made a mess of their Greenwich Village home
    September 24, 2016 12:01PM TRD WEEKEND EDITION
    Jesse Cole and Trish Westcoat-Pound and West 11th Street.

    Jesse Cole and Trish Westcoat-Pound and West 11th Street.

    The couple behind fashion boutique Haute Hippie are suing the construction company they hired to renovate their Greenwich Village townhouse. They allege that “virtually every aspect of the project” was a failure. [more]

  • The “new housing crisis” is already slowly being solved

    Supply shortfall and affordability constraint is a "new crisis" for housing.
    September 24, 2016 10:00AM By Business Insider


    The US housing market looks very different from its shape in 2008. It reached a breaking point and nearly cratered the financial system after mortgages were approved for too many people that were least likely to pay back on time.

    The crash left a lot of homeowners with negative equity — a situation where the value of their homes became less than the balance of the mortgage. But from the start of 2010 through the second quarter of 2016, the percentage of homes with a mortgage that went underwater — when the outstanding loan becomes higher than the value of the home — plunged from 25.9 percent to 7.1 percent, noted Jonathan Woloshin, a strategist at UBS. [more]

  • 1280_MDL_New

    From Luxury Listings NYC:
    It hasn’t been such a great year for coupledom. Just ask Beyonce and Jay Z, Lady Gaga and Taylor Kinney, or Taylor Swift and Tom Hiddleston. And hot on the heels of the earth-shattering Brangelina split, Americans definitely need something to restore their faith in love. BRAVO’s latest show, “Million Dollar Listing: Ryan’s Wedding,” a spin-off of the much beloved and hate-watched realty show, “MDNLY New York,” may not be that show. [more]

  • Say no to drugs: Pfizer building upzoning draws ire

    Say no to drugs: Pfizer building upzoning draws ire
    September 23, 2016 06:30PM By Kathryn Brenzel
    From left:

    From left: 235 East 42nd Street and outline of proposed Midtown East rezoning area

    If the Pfizer headquarters on East 42nd Street is redeveloped, it may get out of paying for some public improvements required under the Midtown East rezoning proposal. [more]

  • WATCH: NYC real estate’s week in numbers

    5 new lawsuits from Westfield, 59,895 after-hours permits and more
    September 23, 2016 06:20PM By Alistair Gardiner

    the week in numbers

    A $24 million price chop, 20 million square feet of office space and $885 million in Chinese capital fleeing the country — in real estate, it’s all about the numbers.

    To see the most important stats and figures from this past week, click here.

  • Ben Shaoul scores $195M loan for 196 Orchard

    Senior construction mortgage from SL Green for LES condo replaces previous financing
    September 23, 2016 06:05PM By Mark Maurer
    Rendering of 196 Orchard Street and Ben Shaoul (credit: Michael McWeeney)

    Rendering of 196 Orchard Street and Ben Shaoul (credit: Michael McWeeney)

    Ben Shaoul’s Magnum Real Estate Group secured a $195 million senior construction loan from SL Green Realty for its new Lower East Side condominium project next to Katz’s Deli, sources told The Real Deal. [more]

  • Aby Rosen shows off his lighter side on Instagram

    Opinionated developer shares travel, art and #TBTs on Instagram
    September 23, 2016 05:50PM By Kerry Barger

    A photo posted by abyrosen (@abyrosen) on

    (Editor’s note: This story first ran on February 1, 2015)

    In recent weeks, RFR Holding’s Aby Rosen has used his popular Instagram account to hold Donald Trump’s feet to the fire. But well before he asked America to vote its conscience, the investor’s Instagram was the epitome of the high life. [more]

  • SL Green refis 600 Lex with $125M Wells Fargo loan

    REIT bought out partner CPP in December
    September 23, 2016 05:30PM By Rich Bockmann
    Marc Holliday and 600 Lexington Avenue in Midtown

    Marc Holliday and 600 Lexington Avenue in Midtown

    SL Green Realty landed a $125 million loan from Wells Fargo to refinance 600 Lexington Avenue. [more]

  • Trump Hotels settles with AG over data breach

    Hotel operator will pay $50K in fines; breach affected properties such as Trump Soho, Trump Int’l Hotel & Tower
    September 23, 2016 05:15PM

    Trump Soho (credit: Trump Hotels) (inset from top: Donald Trump and Eric Schneiderman)

    Trump Hotel Collection agreed to a settlement with New York Attorney General Eric Schneiderman’s office over a data breach that exposed more than 70,000 credit-card numbers, the AG’s office said Friday.

    The breaches affected New York hotels such as Trump Soho at 246 Spring Street and Trump International Hotel & Tower at 1 Central Park West. Banks flagged Trump Hotel Collection as being a likely victim of data breaches in May 2015, according to the AG. [more]

  • Big pharma firm eyes 55 Hudson Yards spread

    Intercept Pharmaceuticals in advanced talks for as much as 150K sf: sources
    September 23, 2016 04:41PM By Rich Bockmann

    Rendering of 55 Hudson Yards (inset: Intercept’s Mark Pruzanski, M.D)

    Intercept Pharmaceuticals, a drug maker racing to find a cure for a little-understood liver disease, is in advanced discussions to take space at 55 Hudson Yards, sources close to the negotiations told The Real Deal. [more]

  • From the September issue’s “In their words” feature, a roundup of the funniest and most insightful comments on real estate:


    To read the other wisdom nuggets, click here.

  • PHOTOS: A look at the sky-high perks inside 15 Hudson Yards

    Related's 88-story resi tower to include fitness and spa facilities, rooftop lounge and more
    September 23, 2016 03:45PM
    From left: A rendering of 15 Hudson Yard and this building's private theater

    From left: A rendering of 15 Hudson Yard and this building’s private theater

    Last week, the Related Companies officially launched sales at 15 Hudson Yards, the first residential tower to be built at the firm’s Far West Side megaproject. Now, the developer is offering a glimpse of the amenities residents will have access to once the building is complete.

    Click here for a look inside the Diller Scofidio + Renfro and Rockwell Group-designed building.

  • Anthony DeGrotta out at Keller Williams NYC

    A.C. Lawrence founder joined brokerage in 2014
    September 23, 2016 03:15PM By Katherine Clarke
    Anthony DeGrotta

    Anthony DeGrotta

    Anthony DeGrotta is out at Keller Williams NYC after less than two years, sources told The Real Deal. DeGrotta joined Keller Williams as COO after leaving the embattled Coldwell Banker Bellmarc Group, where he was a principal.

    DeGrotta did not immediately respond to requests for comment. A spokesperson for the company confirmed his departure, saying DeGrotta was “pursuing an opportunity on Long Island where he currently lives with his wife and two children.” [more]

  • Israeli-Russian billionaire plans 54-story NoMad tower

    Permit application calls for 150K sf building at 262 Fifth Avenue
    September 23, 2016 02:51PM By Konrad Putzier

    260-264 Fifth Avenue and Boris Kuzinez

    UPDATED, Sept. 23, 3:30 p.m.: NoMad is getting yet another skyscraper. An entity affiliated with Israeli-Russian billionaire Boris Kuzinez filed plans Friday for a 54-story mixed-use tower at 262 Fifth Avenue at West 29th Street, according to a permit application. [more]

  • Esplanade Venture charged in facade collapse that killed child

    Two-year-old died in 2015 accident at 305 West End Avenue
    September 23, 2016 02:19PM
    The Esplanade 305 West End Avenue

    The Esplanade at 305 West End Avenue

    The owners of an Upper West Side senior housing facility are facing up to a year in prison over a facade collapse that killed a young child.

    Esplanade Venture Partnership and Alexander Scharf, the building’s owner and its principal, have been charged with violating provisions of the New York City Administrative Code that require all parts of a building to be maintained in a safe condition. [more]

  • “The Strain” star Corey Stoll buys $2M BK townhouse

    Actor and his wife picked up house near Prospect Park
    September 23, 2016 01:45PM By Liz Lucking
    Corey Stoll and his Brooklyn townhouse (Image Credit : Red Carpet Report on Mingle Media TV via Wikimedia & Corcoran)

    Corey Stoll and his townhouse at 540 16th Street in Brooklyn (credit: Red Carpet Report on Mingle Media TV via Wikimedia & Corcoran)

    From Luxury Listings NYC: Actor Corey Stoll and his wife Nadia Bowers have bagged themselves a Brooklyn townhouse.

    According to property records, the star of “The Strain,” who received a Golden Globe nomination in 2013 for his role in “House of Cards,” paid $2.43 million for the Windsor Terrace spread at 540 16th Street – around $120,000 less than its asking price of $2.55 million. [more]