The Real Deal New York

  • Housing lull a drag on US economy’s recovery

    Sales of new single-family homes tumbled in first six months of the year
    July 28, 2014 08:00AM
    The success of top-dollar condo sales along coordiors like New York's "Billionaire's Row" in Manhattan is doing little to boost the country's housing market overall

    Sales along pricey corridors like New York’s “Billionaire’s Row” are doing little to boost the housing market overall

    Despite an increasing number of sales on the top end of the luxury housing spectrum and a rumored $2 billion bid on a real estate web site, housing has actually become a major impediment for the ongoing recovery of the U.S. economy. [more]

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    3. Corcoran sues over record $147M sale of Hamptons mansion
    4. REBNY’s influence over Cuomo laid bare
    5. Naftali to raze five-story UWS garage for condo project

  • Street vendors battle for prime real estate

    Recent construction at the Met has led to an all out food fight
    July 27, 2014 05:00PM
    A food vendor outside the MET

    A food vendor outside the Met

    WEEKENDEDITION Street food vendors are gearing up for a massive fight over prime real estate outside the Metropolitan Museum of Art. [more]

  • Airbnb mayhem on Montauk

    Rich kid renters accused of debauchery
    July 27, 2014 04:00PM
    The beach in Montauk

    The beach in Montauk

    WEEKENDEDITION Yet another Airbnb horror story is playing out on Montauk, where renters  terrorized neighbors with massive parties and outdoor sex.

    When John Templeman, a lawyer, rented out his four-bedroom home on South Federal Street on Airbnb for $1,600 a night while he was out of the country he had no idea what was in store. [more]

  • Inside TheRealDeal
  • Will reality TV spur home flippers back into the market?

    Strong ratings has lead HGTV to add eight new home flipping shows
    July 27, 2014 03:00PM
    A banner for HGTV's 'Flip or Flop'

    A banner for HGTV’s ‘Flip or Flop’

    WEEKENDEDITION Home flippers mostly went extinct nationwide after the housing crisis. But despite a harsh lending market, they may be on their way back, via television. [more]

  • Appetizing delights at Russ & Daughters Café

    Appetizing delights at Russ & Daughters Café

    From Luxury Listings NYC: Fish you were here: New Russ & Daughters Café epitomizes LES’s increasingly upscale dining scene. The sandwiches are no longer wrapped in paper; instead, diners are served on individual wooden boards. And rather than devouring your bagel on Houston Street, you’re now seated in a booth. And, of course, prices have gone up. [more]

  • The wildest residential conversions from around the globe

    From Nazi bunkers to cement factories, check out the photos after the jump
    July 27, 2014 01:00PM
    Residential conversions

    Residential conversions

    WEEKENDEDITION In residential inventory starved New York City almost anything from a church to a shipping container can become a home. But some residential conversions are more spectacular than others. Here is a look at some of the best from around the world via Buzzbuzzhome. [more]

  • A look at Prospect Park South’s “Japanese House”

    The unusual home is one of the finest examples of a short-lived architectural trend
    July 27, 2014 12:00PM
    A Japanese style home south of Prospect Park

    A Japanese style home south of Prospect Park

    WEEKENDEDITION One of the most captivating and unusual turn-of-the-century homes in all of Brooklyn sits on a suburban style lot just south of Prospect Park. Popularly known as the “Japanese house,” legend has it that it was built for the Japanese Ambassador, and that it was shipped over piece by piece from Japan. [more]

  • Major Manhattan landlord busted on drug charges

    The accused, Mark Perlbinder, has tapped two celebrity lawyers to defend him
    July 27, 2014 11:00AM
    Landlord

    Landlord Mark Perlbinder was arrested on drug possession charges

    WEEKENDEDITION A major Manhattan landlord has hired two celebrity lawyers to defend himself against drug charges.

    Earlier this month, Mark Perlbinder, 71, was arrested in Bridgehampton after picking up a package that had been sent from the city on a Hamptons Jitney bus. Inside the package police allegedly found Xanax, oxycodone pills and cocaine, according to the New York Post. [more]

  • Inside the Greenwich Hotel’s sparkling yet simple suite

    Inspired by Japanese style, the minimalist room rents for $15,000 a night
    July 27, 2014 09:00AM
    The drawing room at the Greenwich Hotel

    The drawing room at the Greenwich Hotel

    From Luxury Listings NYC: Quiet and solitude are rare gems in the city — as such, they’re the ultimate luxuries. Can you really put a price on such peace? Well, the newly opened penthouse at Tribeca’s Greenwich Hotel does: $15,000. That’s how much it costs to sleep a single night atop custom-made sheets in this posh perch on the corner of Greenwich and North Moore streets. [more]

  • New triangular building rising in Crown Heights

    The small, oddly shaped building is already on the market for $2.5 million
    July 26, 2014 05:00PM
    995 Washington Avenue

    995 Washington Avenue

    WEEKENDEDITION It’s been five years in the making, but a triangular lot in Crown Heights is now poised to become a four-story residential building. [more]

  • Real estate crowdfunding hits the Hamptons

    The website Fundrise is crowdfunding the construction of a Westhampton home
    July 26, 2014 04:00PM
    A screen shot of the Westhampton project

    A screen shot of the Westhampton project

    WEEKENDEDITION Everyone can invest in a posh summer getaway now that Washington DC-based real estate crowdfunding site, Fundrise, has broken into the Hamptons market. [more]

  • 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 allegedly 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]

  • 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.

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