The Real Deal New York

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

    Big data and Google Glass are among the tech sector trends driving change
    July 25, 2014 04:30PM
    5 People Viewed
    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
    4 People Viewed

    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
    17 People Viewed
    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 W. 29th

    Here are some images of future NYC sites that caught our eye
    July 25, 2014 03:30PM
    0 People Viewed
    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.

  • Inside TheRealDeal
  • 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
    14 People Viewed
    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]

  • Carroll Gardens homeless shelter project stalls amid violations

    Robert Scarano-designed building faces order to vacate
    July 25, 2014 02:50PM
    12 People Viewed

    165 West 9th Street in Brooklyn, and Robert Scarano

    In the wake of a notice to vacate, a homeless shelter project in Carroll Gardens is in danger of falling apart.

    The vacant, Robert Scarano-designed building at 165 West 9th Street has been hit with 18 open violations filed by the Department of Buildings. The most recent one was filed Wednesday regarding the submission of a false notarized statement and failure to fix an elevator problem, Brownstoner reported. [more]

  • Urban Compass stole trade secrets: lawsuit

    RentJolt founder alleges that startup took his ideas, then dumped him
    July 25, 2014 02:30PM By Hiten Samtani and Adam Pincus
    29 People Viewed
    From left: Avi Dorfman and Robert Reffkin

    From left: Avi Dorfman (Credit: Columbia Spectator) and Robert Reffkin (Credit: Urban Compass)

    Hot on the heels of a $360 million valuation, Urban Compass is being sued by an entrepreneur claiming that the company and its CEO Robert Reffkin adopted his product and business model under false pretenses — and then unceremoniously cut him out of the action. [more]

  • Steepest, cheapest listings to hit Manhattan this week

    On the high end: Louix XVI fireplace mantle. On the low: Large enough for a full-sized bed.
    July 25, 2014 02:05PM
    0 People Viewed

    From left: 43 West 64th Street and 420 East 119th Street

    Brown Harris Stevens’ Nicholas Palance and Edward Joseph had the priciest single-family residential listing to hit the Manhattan market this week with a $24 million penthouse condominium at 43 West 64th Street in Lincoln Square, while Saul Scheveloff of Realty Networking Services had the cheapest with a $169,000 two-bedroom co-op at 420 East 119th Street in East Harlem. Click here to see these listings and more.

  • $2.9M townhouse sale sets record in Harlem historic district

    Will Marion Cook House marketed as single-or multi-family home, or offices
    July 25, 2014 01:40PM
    24 People Viewed

    221 West 138th Street and Norman McHugh

    The $2.9 million sale of a landmarked limestone townhouse set a price record in the Harlem historic district of Striver’s Row, also known as the St. Nicholas Historic District, according to a spokesperson for Halstead Property. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    July 25, 2014 01:15PM
    22 People Viewed

    1. Zillow looks to acquire rival listings site Trulia for $2B
    2. Rosenstein taken to court over sale of $147M mansion
    3. REBNY’s influence over Cuomo laid bare

    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]

  • Sticking to the script in Kips Bay building: architecture review

    Design by C3D for 237 East 34th Street is indisputably graceful -- but no radical departure
    July 25, 2014 12:48PM By James Gardner
    1 People Viewed
    Screen Shot 2014-07-25 at 12.27.27 PM

    237 East 34th Street (Image: C3D Architecture)

    Renderings were recently published for 237 East 34th Street, a new residential development in the weary, dreary heart of the Kips Bay and Murray Hill sections of Manhattan. This neighborhood has had little distinguished building stock to date and has benefitted all too little from the surge in construction that nearly every other part of the city has seen in recent years. But these renderings look promising enough to inspire hope that things might actually be getting better on the Far East Side.

    The new building, designed by C3D Architecture, will rise over a site acquired from Yeshiva University in 2012 for $15.5 million. Originally, the plan was to house a dormitory on the plot, replacing the undistinguished Yeshiva lecture hall that stands there now. Indeed, the building’s small, hard windows punctuate the brick façade in a way that recalls some of the older jails on Rikers Island. [more]

  • Downtown Brooklyn rents seen leveling out as towers go up

    About 4,000 units in more than 20 residential buildings will hit the market over the next two years
    July 25, 2014 12:15PM
    36 People Viewed
    From left: 388 Bridge Street and interior and 88 Willoughby Street

    From left: 388 Bridge Street and interior and 88 Willoughby Street

    Downtown Brooklyn home seekers could see some rent relief as thousands of apartments come on line and the law of supply and demand kicks in, experts say. [more]

  • Holly Hunter sells Village co-op for $7.6M

    Actress removed listing for three-bedroom pad on Fifth Avenue in May
    July 25, 2014 11:50AM
    39 People Viewed

    Holly Hunter and 43 Fifth Avenue

    Academy Award-winning actress Holly Hunter sold her Greenwich Village co-op for $7.6 million. [more]

  • Midtown businesses follow Condé Nast Downtown

    Restaurants, hair salons look to continue catering to the publisher's 2,300 employees
    July 25, 2014 11:25AM
    39 People Viewed
    From left: 1 WTC, Lamb's Club and John Barrett Salon

    From left: 1 WTC, Lamb’s Club and John Barrett Salon

    The migration of 2,300 Condé Nast employees to 1 WTC will leave a gaping hole in the incomes of some Midtown businesses. As a result, a number of companies that cater to the publisher and its employees are following it downtown. [more]

  • Port Authority revives plan to turn old TWA terminal into hotel

    Agency confident proposal for JFK facility will take off this time
    July 25, 2014 11:00AM
    44 People Viewed
    The Eero Saarinen-designed TWA terminal at JFK airport

    The Eero Saarinen-designed TWA terminal at JFK airport

    The Port Authority of New York and New Jersey is considering a plan that would transform the old TWA terminal at John F. Kennedy International Airport into a hotel. [more]

  • Renee Zellweger puts Connecticut estate back on the market

    Take two as actress lists 38-acre property for second time in three years
    July 25, 2014 10:30AM
    55 People Viewed
    From left: Renee Zellweger and her Connecticut estate

    From left: Renee Zellweger and her Connecticut estate

    Someone show her the money. [more]

  • Maddd Equities buys long-time Newark Star-Ledger site

    Newspaper moving out of building it's occupied for almost 50 years
    July 25, 2014 10:00AM
    47 People Viewed
    From left: the Star Ledger and 1 Star-Ledger Plaza in Newark

    From left: the Star Ledger and 1 Star-Ledger Plaza in Newark

    The Newark Star-Ledger is selling its home. Maddd Equities — a Floral Park, N.Y.-based investment firm — is buying the 177,000-square-foot building and its parking deck at 1 Star-Ledger Plaza in Newark.  [more]

  • Hotel Hugo on Greenwhich Street

    Hotel Hugo on Greenwhich Street

    A look inside Hotel Hugo. Is the North Fork still the affordable alternative to the Hamptons? The history of Lincoln Center. Read these stories and more after the jump.

  • Another big tenant at 11 Madison Avenue: Yelp moving in

    Online company taking the 14th and 16th floors; joins William Morris, Sony in building
    July 25, 2014 09:00AM
    65 People Viewed
    From left: Jeremy Stoppelman and 11 Madison Avenue

    From left: Jeremy Stoppelman and 11 Madison Avenue

    Yelp has signed a 10-year lease at 11 Madison Avenue, a deal that was first reported by The Real Deal. [more]

  • Luxury housing sparks retail along Brooklyn’s 4th Avenue

    Asking price for ground-level space shooting up as top-drawer tenants move in nearby
    July 25, 2014 08:30AM By Tom DiChristopher
    75 People Viewed
    From left: 470 4th Avenue, 275 4th Avenue and 365 4th Avenue

    From left: 470 Fourth Avenue, 275 Fourth Avenue and 365 Fourth Avenue

    As luxury rental and condo buildings continue to sprout along Brooklyn’s Fourth Avenue, demand for ground-level space along the strip is suddenly taking off. So far, the neighborhood is mostly attracting retail and health-care providers, stand-alone big box stores and some restaurants, typically housed in older low-rises. [more]