The Real Deal New York

  • Top residential agents of the week

    John Burger, Fritzi Kallop of Brown Harris Stevens top this week's list with a Lenox Hill co-op
    August 01, 2014 06:00PM
    From left: John Burger, Fritzi Kallop and 730 Park Avenue

    From left: John Burger, Fritzi Kallop and 730 Park Avenue

    John Burger and Fritzi Kallop of Brown Harris Stevens topped the week’s residential sales with a $13 million Lenox Hill co-op at 730 Park Avenue

  • 9 noteworthy real estate projects in Gowanus

    Kushner, Lightstone and PMG among developers working to change face of neighborhood
    August 01, 2014 05:45PM By Tom DiChristopher

    The Gowanus Canal might be a superfund site, but developers and tenants are flocking to the neighborhood that bears the old industrial waterway’s name. [more]

  • Sign up for TRD E-lerts

    August 01, 2014 05:30PM

    Screen-Shot-2014-07-29-at-5.11.33-PMRejoice, early birds! The Real Deal will be delivering E-lerts to your inbox a little earlier starting soon.

    News happens in the blink of an eye. Never miss another New York City or South Florida real estate item again by signing up for TRD e-Lerts. Whether you’re at home or on the go, get the latest stories delivered to your inbox each day, or at the end of the week.

    TRD e-Lerts pick headlines based on what you’re reading on, so you’ll receive news tailored to your interests. Click here to sign up and select which newsletter you’d like to receive.

  • Has the sun set on Coney Island's real estate rebound?

    Has the sun set on Coney Island’s real estate rebound?

    NYC’s best and worst rental neighborhoods. Coney Island‘s stalled rebound. AIDS patient nursing home Rivington House to close. Read these stories and more after the jump.

  • Inside TheRealDeal
  • Some big blocks sit, despite strong office leasing activity

    Brokers say spaces without clear marketing messages are falling off tenants’ radars
    August 01, 2014 04:30PM By Adam Pincus

    From the August issue: New York office leasing improved significantly over the past year. But the steady pace of deals wasn’t enough to fill all the large blocks of vacant space lingering in Manhattan’s three main markets. [more]

  • Priciest July home listings in Brooklyn, Queens

    One Brooklyn Bridge Park condo tops list with nearly $8M ask
    August 01, 2014 04:15PM By Mark Maurer
    360 Furman Street in Brooklyn

    Condo at One Brooklyn Bridge Park at 360 Furman Street in Brooklyn listed for nearly $8 million

    In July, a five-bedroom condominium at One Brooklyn Bridge Park was the most expensive listing to hit the market in Brooklyn, according to information provided by listings service Point2 Homes. Click here for a slideshow and more.

  • Make the Fulton Street Fish Market a public space: OPINION

    Opponents of a residential tower and mall want to see a market or school on Pier 17
    August 01, 2014 04:00PM
    New Amsterdam Market at Pier 17

    New Amsterdam Market at Pier 17

    The city should preserve as a public space the old Fulton Fish Market site, where the Texas-based Howard Hughes Corporation wants to build a mall and apartment tower, write opponents of that plan in a New York Times editorial. [more]

  • DDG Partners to construct tower on Upper East Side

    Developer bought the property at 1558 Third Avenue for $70M
    August 01, 2014 03:45PM
    1558 Third Avenue

    1558 Third Avenue

    DDG Partners applied for a permit to construct a 31-story building on the Upper East Side. [more]

  • Yorkshire Tower residents claim they’re being pushed out

    Building to be sold to Stellar management and the Chetrit Group
    August 01, 2014 03:30PM
    Yorkshire Towers

    Yorkshire Towers at 305-315 East 86th Street

    Some residents at Yorkshire Towers are saying their landlord is forcing them out of the building with exorbitant rent increases ahead of a planned sale. [more]

  • Crown Acquisitions owns quiet stake in Macy’s Brooklyn garage

    Chera family’s rights may complicate retailer’s plan to sell two sites that some value at $160M
    August 01, 2014 03:15PM By Adam Pincus

    From left: Stanley Chera, 452 Fulton Street, 11 Hoyt Street, Terry Lundgren (Headshot photo by Shutterstock)

    “All that volume of space and property in the Borough of Brooklyn, County of Kings, City and State of New York, which lies between the horizontal planes, the elevations of which are 24.96 feet and 43.87 feet…”

    So begins the description of an unusual, quietly-held and — insiders say — extremely valuable stake the Chera family’s Crown Acquisitions owns in the Macy’s garage at 11 Hoyt Street, between Fulton and Livingston streets. The parking facility sits across Hoyt from the Macy’s flagship Brooklyn department store at 422 Fulton Street. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    August 01, 2014 03:00PM

    1. Chelsea Market extension renderings revealed
    2. Two apartments are better than one
    3. The most drastic ‘Before & After’ you’ve ever seen?

    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]

  • The week’s notable renderings: 5Pointz, Taystee

    Here are some images of future NYC sites that caught our eye
    August 01, 2014 02:30PM
    143 Meserole Street

    143 Meserole Street in Brooklyn

    The spacey Zaha Hadid condominium building near the High Line and the redevelopment of the Taystee factory in Manhattanville 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.

  • Developers flock to Manhattan’s busy crosstown streets

    Once shunned, the thoroughfares are undergoing a renaissance
    August 01, 2014 02:00PM
    From left: 450 W 42nd Street, 350 West 23rd Street and 23 East 22nd Street

    From left: 450 W 42nd Street, 350 West 23rd Street and 23 East 22nd Street

    Once anathema to New York City’s high-end home buyers, residential towers on busy crosstown streets have arrived. [more]

  • Rockaway Beach resi site hits the market

    Parcel totals more than 100,000 square feet
    August 01, 2014 01:45PM By Claire Moses
    From left: Jason Meister and Rockaway Beach

    From left: Jason Meister and Rockaway Beach

    A 101,000-square-foot residential development in Rockaway Park has hit the market. [more]

  • WTC steel contractor charged with criminal fraud

    DCM Erectors chief got $76M by lying about meeting hiring requirements: prosecutors
    August 01, 2014 01:30PM

    1 WTC and construction work on tower (Credit: Port Authority of New York & New Jersey)

    The owner of DCM Erectors, a construction firm working on 1 World Trade Center and the $3.4 billion transportation hub, was charged with criminal fraud yesterday.

    Larry Davis, who owns the steel-work contractor, has been accused of falsely claiming he was adhering to requirements for hiring female and minority subcontractors in order to fraudulently obtain about $76 million, according to the New York Times. Davis allegedly used phony business records and work orders to make it appear that he was complying with the Port Authority of New York & New Jersey’s hiring rules. [more]

  • Battle over chain stores in East Hampton heats up

    A resolution before the town board would make "formula stores" face public hearings
    August 01, 2014 01:00PM
    Theory and Coach at 46 and 50 Newtown Lane in East Hampton (Google Maps)

    Theory and Coach at 46 and 50 Newtown Lane in East Hampton (Google Maps)

    After years of unrest among some locals in East Hampton, the movement to limit chain stores in the hamlet is gathering momentum. [more]

  • Aby Rosen is the buyer of NYC Church Missions House: source

    Developer to position 281 PAS as a single-tenant office building
    August 01, 2014 12:36PM By Hiten Samtani
    Aby Rosen and the Church Missions House at 281 Park Avenue South

    Aby Rosen and the Church Missions House at 281 Park Avenue South

    Aby Rosen’s RFR Realty is in contract to buy New York City’s Church Missions House at 281 Park Avenue South, The Real Deal has learned. Earlier this week, multiple sources told TRD that an Italian family was the buyer of the $50 million landmarked property, and intended to convert it into condominiums with retail at the base. However, a source involved in the deal today revealed Rosen as the buyer. [more]

  • Steepest, cheapest listings to hit Manhattan this week

    On the high end: A custom-crafted Florense kitchen. On the low: Non-slip tile.
    August 01, 2014 12:30PM
    From left: 816 Fifth Avenue and 70 Park Terrace East

    From left: 816 Fifth Avenue and 70 Park Terrace East

    The Corcoran Group’s Carrie Chiang had the priciest single-family residential listing to hit the Manhattan market this week with a $19.8 million condominium at 816 Fifth Avenue in Lenox Hill while Cole Thompson of New Heights Realty had the cheapest with a $173,000 studio co-op at 70 Park Terrace East in Inwood. Click here to see these listings and more.

  • Top Manhattan apartment sales: July 21 – July 27

    An interactive map of the priciest recorded deals, plus total overall sales and average prices for the week (click on numbers to see data)
    August 01, 2014 12:02PM

  • The August issue is live!

    From ranking of Brooklyn's top brokerages to profiles of Carl Weisbrod and Sharif El-Gamal
    August 01, 2014 11:30AM


    The booming Brooklyn market is seeing record listing prices and an influx of brokerages who want in on the action. The Real Deal ranked the priciest listings on the market in Brooklyn, as well as the priciest sales that have closed in the borough during the last year. One Brooklyn Bridge Park’s $32 million penthouse topped the former list. The rankings are part of the cover story of the August issue, now available online. [more]