The Real Deal New York

  • AG to investigate landlord’s alleged campaign of intimidation

    Tenants say Manhattan landlord Steven Croman has hired an ex-cop to bully them from the building
    July 26, 2014 03:00PM
    State Attorney General Eric Schneiderman, and Steven and Harriet Croman

    State Attorney General Eric Schneiderman, and Steven and Harriet Croman

    WEEKENDEDITION State Attorney General Eric Schneiderman is investigating possibly illegal tactics used by Manhattan landlord Steven Croman to force out resent stabilized tenants.  [more]

  • New apartment building coming to J train Williamsburg

    The mixed-use building will feature 10 residential units
    July 26, 2014 02:00PM
    385 Broadway in Williamsburg

    385 Broadway in Williamsburg

    WEEKENDEDITION A mixed-use project is nearly completed at 385 Broadway in Williamsburg along the elevated J train tracks. Hopefully there will be some soundproofing, or the project could prove a hard sell for residents who dislike listening to a train pass every few minutes. [more]

  • Inside Soho’s highest, newest rooftop bar

    The boozy soda shop is modeled on a 1950s Italian beach resort
    July 26, 2014 01:00PM
    Sonny’s Soda Shoppe at Mondrian Soho

    Sonny’s Soda Shoppe at Mondrian Soho

    From Luxury Listings NYC: Soho in the summertime all too often means navigating sardine-packed sidewalks and sweating into your designer shopping bags. But now, a breezy and boozy Mediterranean escape has opened atop the 25th floor of Soho’s Mondrian hotel. [more]

  • Urban, suburban, is it all the same?

    Suburbs are starting to look incredibly diverse, raising questions about what it means to say you are from "the city"
    July 26, 2014 12:00PM
    A suburb

    A suburb

    WEEKENDEDITION When abroad, suburbanites often use the closest major city as a proxy. “I’m from New York City,” could easily mean Long Island in a café in Madrid. But according to the Atlantic’s City Lab blog, we shouldn’t judge these suburbanites for claiming urbanite status, because the suburbs simply aren’t what they used to be. [more]

  • Inside TheRealDeal
  • How an environmentalist architect made a house out of garbage

    A look at when recycling mixes with real estate after the jump
    July 26, 2014 11:00AM By Business Insider
    Architect Michael Reynolds' soda can house

    Architect Michael Reynolds’ soda can house

    WEEKENDEDITION Before the birth of the Environmental Protection Agency in 1970, pollution and litter plagued America. Despite the obvious problems, architect Michael Reynolds saw an opportunity — making houses out of what he calls “garbage.” [more]

  • Politicians vow to outlaw “poor doors”

    The backlash to Extell's separate entrance for low-income residents is spurring lawmakers into action
    July 26, 2014 10:00AM
    40 Riverside Boulevard

    40 Riverside Boulevard

    WEEKENDEDITION The so-called “poor door” at Extell’s 40 Riverside Boulevard development on the Upper West Side has been a divisive issue to say the least. Many feel that a separate entrance for residents of affordable units is classist and in bad taste. Others say that you get what you pay for. But now some city officials have vowed to never allow another “poor door” to be approved. [more]

  • Chelsea’s mom-and-pop shops are hanging on, for now

    Brokers say that rents in the neighborhood will only grow
    July 26, 2014 09:00AM
    Chelsea

    Chelsea

    From Luxury Listings NYC: It wasn’t too long ago that Chelsea was a slightly grungy neighborhood on the fringes of the city. But not anymore. As high-priced residential projects like 505 West 19th Street — where a one-bedroom is listed for $2.1 million — continue to mushroom, especially around the uber-popular High Line, old-time retailers are shuttering their stores, falling victim to the area’s changing demographics. [more]

  • Top residential brokers of the week

    Kevin Brown of Sotheby's tops this week's list with an Upper East Side condo
    July 25, 2014 06:30PM
    top_broker_127_East_79

    From left: Kevin B. Brown and 127 East 79th Street

    Kevin Brown of Sotheby’s International Realty topped the week’s residential sales with a $13.4 million condo at 127 East 79th Street on the Upper East Side. Click here to see this listing and more.

  • Judge dismisses Art Students League suit over Extell tower

    Plaintiffs claimed league’s board improperly conducted vote on $32M development rights price
    July 25, 2014 06:22PM By Claire Moses
    From left: Gary Barnett, plans for 225 West 57th Street and the exterior of the building

    From left: Gary Barnett, plans for 225 West 57th Street and the Arts Students League building

    A New York Supreme Court Justice dismissed a lawsuit brought by more than 100 members of the Art Students League of New York against the League, its 12-member board and Extell Development Company. [more]

  • Ron Howard sells Upstate New York compound for $27.5M

    Deal sets new record for Westchester County home sale
    July 25, 2014 06:00PM
    From left: Ron Howard, the main house at his Westchester County estate and interior

    From left: Ron Howard, the main house at his Westchester County estate and interior

    Director Ron Howard and his family spent years building a lakeside dream home and surrounding outbuildings. Now, the whole 32-acre compound has sold for $27.5 million. [more]

  • TGIF: Stay tuned for TRD‘s Weekend Edition

    Keep in touch with NYC, national and international real estate news
    July 25, 2014 05:45PM

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    It may be high time to kick back and relax, but The Real Deal is still churning our stories courtesy of our Weekend Edition. Every Saturday and Sunday, we cover real estate items from around the country and abroad, along with any breaking news happening in New York City. Like our Facebook page or follow us on Twitter to stay in touch with us on the go.

  • The soon-to-be-shuttered dive bar Subway Inn at 143 East 60th Street

    The soon-to-be-shuttered dive bar Subway Inn at 143 East 60th Street

    World-Wide Group gives UES dive bar Subway Inn its walking papers. Faux landlord allegedly decapitated neighbor following rent dispute. Salesforce.com on the hunt for New York spot. Read these stories and more after the jump.

  • Buildings with rooftop pools cool overheated New Yorkers

    Franklin Place, Stratford and Trump Soho among Gotham buildings with a watery oasis
    July 25, 2014 05:15PM
    The rooftop pool at luxury condominium development 5 Franklin Place

    The rooftop pool at luxury condominium development 5 Franklin Place

    In an effort to cut back on water use, New York City’s Department of Environmental Protection has snapped up some 500 schools, 600 comfort stations, 10 housing projects and 87 parks — grand total of 1,700 municipal-owned properties. But endless use of the city’s biggest aquatic luxury, the rooftop pool, can be had in exchange for a hefty price tag. Click here to see photos of a few such spots.

  • Two Trees files plans for 3rd new building on Domino Sugar site

    30-story tower will be split between office and residential uses
    July 25, 2014 05:00PM By Rich Bockmann
    Development on the site of the Domino Sugar Factory

    The northernmost building at the Domino Sugar Factory sit will be split between residential and office

    Two Trees Management filed plans today revealing information on the third new building at its Domino Sugar Factory development along the Williamsburg waterfront. [more]

  • One York condo sues Lend Lease, others over faulty windows

    Replacements would cost $10 million, sponsors claim
    July 25, 2014 04:50PM
    one-york

    One York and Lend Lease CEO Robert McNamara

    The sponsors of the six-story condominium building One York filed a lawsuit against contractor Lend Lease Construction and three other firms for allegedly making and installing faulty windows.

    The plaintiffs, who filed documents in Manhattan Supreme Court, said it would cost about $10 million to replace all of the windows, the New York Daily News reported. They claim residents of 1 York Street complained that the windows easily cloud up, and result in streaking and discoloration on the window seals. [more]

  • The Real Deal discusses the tech sector’s impact on real estate: VIDEO

    Big data and Google Glass are among trendmakers driving change
    July 25, 2014 04:30PM
    From left: TRD's Hiten Samtani, Google Glass and crowd funding

    From left: TRD’s Hiten Samtani, Google Glass and crowdfunding

    Speaking on Chicago’s First Business News, The Real Deal‘s own Hiten Samtani weighs in on the growing impact of tech investment in real estate. Click here to see the video.

  • Eichner’s Manhattan Club timeshare a “bait and switch” scheme: Schneiderman

    AG's office gains court order banning sales at hotel amid ongoing probe
    July 25, 2014 04:17PM By David Jones
    eichner-ag

    From left: Ian Bruce Eichner, 200 West 56th Street and Eric Schneiderman

    New York state Attorney General Eric Schneiderman announced today that his office obtained a court order barring sales at the Manhattan Club, a 286-unit luxury timeshare hotel in midtown from billionaire investor Ian Bruce Eichner.

    Schneiderman launched an investigation into the 200 West 56th Street time share property in April, amid complaints from consumers who paid tens of thousands of dollars to become “owners” at the club, but have been unable to book a reservation, according to the attorney general. [more]

  • Luxury NYC condo investments vs. hog futures

    Average 10-year return on condos at the city's marquee buildings was 6.5 percent
    July 25, 2014 03:50PM
    From left: 15 Central Park West and pig

    From left: 15 Central Park West and a pig

    Investors who put money into a well-known New York City condo building would be doing slightly better than buyers of hog futures over a 10-year period, but their returns would trail those of folks who bet on gold. [more]

  • The week’s notable renderings: 15 Renwick, 515 West 29th

    Here are some images of future NYC sites that caught our eye
    July 25, 2014 03:30PM
    15 Renwick Street

    15 Renwick Street

    The Bauhouse Group’s condos near the High Line and Eldad Blaustein’s astronomer-seeking condos in Soho are among the latest projects to receive a new batch of mind-blowing renderings in the past week or so. Click here for a slideshow and more.

  • Forest City Ratner demo coating condos with dust, locals say

    Developer denies charges project is not up to code while tenants worry about health risks
    July 25, 2014 03:10PM
    From left: Bruce Ratner, 1 Rockwell Place and 10 MetroTech

    From left: Bruce Ratner, 1 Rockwell Place and 10 MetroTech

    Downtown Brooklyn condo owners are alleging that a full-block demolition project by Forest City Ratner has left their apartments coated with dust. [more]

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