The Real Deal New York

  • Traffic proves WCT’s success: OPINION

    “Learned cranks bemoaning the site’s architecture…ought to pipe down.”
    December 21, 2014 12:00PM
    One World Trade Center under construction in 2011 (Credit: Eric Bowers via Flickr)

    One World Trade Center under construction in 2011 (Credit: Eric Bowers via Flickr)

    Although the new World Trade Center complex is barely half-finished and large sections remain impassable, the project has thus far been a resounding success – that is, if foot traffic is your measure – according to the New York Post. [more]

  • Is this crazy cantilevered condo coming to Hudson Square?

    The tower would rise the maximum 290 feet allowed by zoning
    December 21, 2014 11:20AM
    537 Greenwich Street

    535 Greenwich Street

    Ever since the 2013 rezoning of Hudson Square, the once-quiet commercial neighborhood has been a hotbed of residential development. But now the most unusual building yet could be coming to the rapidly changing area. [more]

  • City marshal on slumlord list remains delinquent

    Charles Marchisotto has 150 open building violations
    December 21, 2014 10:00AM
    Charles Marchisotto

    Charles Marchisotto

    Part of the job of a New York City marshal is evicting tenants and enforcing court orders. But records show that city marshal Charles Marchisotto isn’t enforcing orders at his own buildings.

    Marchisotto landed on the city’s list of worst landlords last year over violations at his five-story, 38-unit Eastern Parkway property, according to the New York Post. [more]

  • Downton Abbey cottages up for rent

    Now fans can stay on the iconic estate where the show was filmed
    December 21, 2014 09:35AM
    Screen-Shot-2014-12-17-at-2.22

    Highclere Castle

    From Luxury Listings NYC: Downton fans can now rent a room at Highclere Castle, the Renaissance Revival estate where Downton Abbey is filmed. [more]

  • Inside TheRealDeal
  • Carl Icahn injects $20M into Trump Taj Mahal

    The billionaire hopes to keep the bankrupt casino open until summer
    December 20, 2014 05:00PM
    From left: Carl Icahn and Trump Taj Mahal in Atlantic City

    From left: Carl Icahn and Trump Taj Mahal in Atlantic City

    Carl Icahn is lending $20 million to the Trump Taj Mahal to save it from shutting down today. [more]

  • Tips for keeping closing costs low

    December 20, 2014 04:00PM

    33-million-georgian-stone-mansion-in-chappaqua-new-york-2

    From Luxury Listing NYC: Standing between a buyer and their dream home is a mountain of costs, including agent commissions, attorney fees, lender fees, mortgage insurance, a title search, recording fees, real-estate taxes, survey costs and an appraisal. Here are a few tips to help lower those costs via the Wall Street Journal. [more]

  • Fraudster’s Gramercy Park mansion flounders on the market

    But is the unit’s unsavory provenance the reason?
    December 20, 2014 02:49PM
    The apartment at 50 Gramercy Park North and Jón Ásgeir Jóhannesson

    The apartment at 50 Gramercy Park North and Jón Ásgeir Jóhannesson

    Despite spending a year on the market and seeing several pricechops, no one is biting on a fraudsters Gramercy Park mansion. [more]

  • Skorpios-Island-Greece1

    Skorpios

    From Luxury Listings NYC: Traditionally, the islands of Greece have been passed down from one generation to the next. But Greece’s private-island property market is taking off thanks to growing interest from foreign investors, a drop in prices and changes to Greek tax laws, according to the Wall Street Journal. [more] 

  • From the archives: Zell on avoiding ‘la-la’ land

    The real estate mogul talks about what markets he's targeting, who his competition is and why he likes his 'Grave Dancer' moniker
    December 20, 2014 01:00PM By Avihu Kadosh
    sam-zell-FB

    Sam Zell

    Sam Zell is the chairman of Equity Group Investments, the private investment firm he founded more than 40 years ago. EGI’s investment portfolio spans multiple continents and industries, including real estate, hospitality, energy, transportation, media and health care. The Real Deal‘s Avihu Kadosh caught up with him in our July 2010 issue. Click here for the Q&A. 

  • These 7 cities are the new ‘Urban Wonders’ of the world

    See the "Paris of the Mediterranean" and more after the jump
    December 20, 2014 12:00PM By Business Insider

    fvigan-philippines-1

    A global campaign to name various new Seven Wonders of the World has announced the results of its Cities competition. The New7Wonders project was created by Bernard Weber in order to highlight some of the greatest natural and man-made wonders of the world not covered in the original list. [more]

  • Douglas Elliman makes Aspen push

    NYC largest brokerage has acquired one of Aspen’s major firms
    December 20, 2014 11:00AM
    Aspen

    Aspen and Howard Lorber (inset)

    Douglas Elliman is getting ready to hit the slopes, with the acquisition of one of Aspen’s major realty firms. [more]

  • New BKLYN House hotel is ”Bushwick-inspired”

    Bushwick’s “tight-knit community” and “flourishing” arts scene will be “embedded into every part of the guest experience”
    December 20, 2014 10:00AM
    9 Beaver Street in Bushwick

    9 Beaver Street in Bushwick

    A new ”Bushwick-inspired” hotel is coming to, well… Bushwick. [more]

  • Peek inside Faye Dunaway’s duplex

    Check out her decor after the jump
    December 20, 2014 09:21AM

    fFayeDunaway10-lgn

    From LLNYC: For the last 15 years, Oscar winning “Bonnie and Clyde” actress Faye Dunaway has occupied a West Hollywood duplex. Now that home is on the market for $1.55 million. Here is a looking inside the four bed, three bath, via Elle Decor. [more]

  • Top residential agents of the week

    December 19, 2014 06:10PM
    460-gomes

    From left: Fredrik Eklund, John Gomes and 460 West 22nd Street in Chelsea

    Fredrik Eklund and John Gomes topped the week’s residential sales with a $19 million townhouse at 460 West 22nd Street in Chelsea. Click here to see this listing and more.

  • Rendering of City Point Towers in Downtown Brooklyn

    Rendering of City Point Towers in Downtown Brooklyn

    1 WTC gets its own selfie kiosk. American Realty’s Schorsch no longer a billionaire. Southbridge Towers residents weigh whether to stay or go. Read these stories and more after the jump.

  • Coldwell Banker dumps Bellmarc

    National giant claims Binder's firm owes franchise fees
    December 19, 2014 05:28PM By Rich Bockmann
    From left: Bellmarc CEO Neil Binder and Coldwell Banker CEO Budge Huskey

    From left: Bellmarc CEO Neil Binder and Coldwell Banker CEO Budge Huskey

    UPDATED, Dec. 19, 6:11 p.m.: National brokerage Coldwell Banker terminated its franchise agreement with the embattled Bellmarc Group today amid claims that the Manhattan firm failed to pay thousands of dollars in fees, both companies told The Real Deal.

    Bellmarc and the San Francisco-based Coldwell entered into a franchise agreement in 2013, but their relationship took a nosedive this summer when Bellmarc co-founder Neil Binder was sued by his business partners, who alleged he embezzled hundreds of thousands of dollars from the company. [more]

  • France sells Carnegie Hill townhouse for $36M

    Pad was listed for $32.5M; was built in 1923
    December 19, 2014 05:03PM By Tess Hofmann
    The townhouse at 1143 Fifth Avenue, Jed Garfield and Francis O'Shea

    The townhouse at 1143 Fifth Avenue, Jed Garfield and Francis O’Shea

    The French government has sold a Fifth Avenue townhouse where consulate staffers lived for decades for $36.4 million. [more]

  • In their words…

    The funniest and most insightful comments on real estate
    December 19, 2014 04:50PM
    From left: Chris Rock, Karim Rashid and Bill Ackman

    From left: Chris Rock, Karim Rashid and Bill Ackman

    From Chris Rock to Karim Rashid, here are this month’s funniest real estate related quotes. More after the jump.

  • Minecraft creator picks up $70M Los Angeles mansion

    Beyonce and Jay Z reportedly also bid on property, which has 16-car garage
    December 19, 2014 04:45PM
    minecraft

    Markus Persson’s Beverly Hills, Calif., spec house (via Curbed) (inset: Markus Persson)

    Markus Persson, Swedish developer of the video game Minecraft, didn’t buy a block – just the biggest house on it. [more]

  • Steepest, cheapest listings in Manhattan this week

    High end: a block-long wrap-around terrace; Low end: a bike room
    December 19, 2014 04:30PM
    From left: 33 East 74th Street and 2090 Madison Avenue

    From left: 33 East 74th Street and 2090 Madison Avenue

    Douglas Elliman’s Katherine Gauthier and Eva Penson had the priciest listing this week with a $39 million penthouse at the Whitney at 33 East 74th Street. On the cheap end, the week’s least expensive listing was a $220,000 four-bedroom apartment at 2090 Madison Avenue. These listings and more after the jump.

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