The Real Deal New York

  • ABC legal analyst taking condo board to court

    Dan Abrams claims board refuses to let him combine, touch up Village units
    September 01, 2015 01:45PM
    Dan Abrams and 148-150 Waverly Place in Greenwich Village

    Dan Abrams and 148-150 Waverly Place in Greenwich Village

    ABC News legal analyst Dan Abrams is taking to the courts with a lawsuit against his Greenwich Village condo board after it blocked changes to Abrams’ properties at the building.

    The 49-year-old former “Nightline” anchor claims board members have refused to let him combine his two apartments at 148-150 Waverly Place and fought him over renovating an outside gate and garden. [more]

  • Shipping out: Amazon contractor moving distribution center to Ridgewood

    LaserShip to lease entire 41K sf warehouse
    September 01, 2015 01:15PM By Mark Maurer
    LaserShip Queens

    From left: Amazon packages and 16-70 Weirfield Street in Ridgewood (inset: David Junik)

    LaserShip, a Virginia-based package delivery service and major Amazon contractor, inked a 10-year lease to fully occupy a Ridgewood warehouse as its newest distribution center, The Real Deal has learned.


  • Moshe Braver plans 59K sf mixed-use building in Bushwick

    Project at 405 Evergreen Avenue will hold 68 resi units
    September 01, 2015 12:47PM By Ariel Stulberg
    405 Evergreen Avenue in Bushwick

    405 Evergreen Avenue in Bushwick

    Brooklyn landlord Moshe Braver just filed plans for his latest Bushwick project.

    Braver is looking to build a five-story, nearly-59,000-square-foot mixed-use building at 405 Evergreen Avenue, according to permits filed with the Department of Buildings Tuesday.

    The building will house 68 residential units, fourteen on the first through fourth floors and twelve more on the fifth floor. A 11,300-square-foot community facility is slated for the ground and second floors. [more]

  • What’s trending on LLNYC: Hermès wallpaper, a Japanese mid-century masterpiece … & more

    The most buzzworthy posts on TRD's sister publication
    September 01, 2015 12:40PM

    Hotel Okura, in Tokyo and a bottle of 1960 Karuizawa

    1. Love tiger print? Good, because now Hermès will let you paper your walls with their iconic patterns  — virtually, that is.

    2. A bottle of 1960 Karuizawa just sold for the completely normal price of $118,500 at auction in Hong Kong. That’s a record for Japanese whisky.

    3. Speaking of Japan, the iconic, mid-century masterwork, Hotel Okura, in Tokyo may soon be a thing of the past.

  • Inside TheRealDeal
  • “It’s a joke,” Trump lawyer says of ethics panel’s decision to drop AG complaint

    White House hopeful accused Schneiderman's Trump University probe of misconduct
    September 01, 2015 12:05PM
    From left: Donald Trump, Ivanka Trump and Eric Schneiderman

    From left: Donald Trump, Ivanka Trump and Eric Schneiderman

    The state’s ethics commission is dropping Donald Trump’s complaint against New York State Attorney General Eric Schneiderman in connection to an investigation of the presidential hopeful’s for-profit online school. [more]

  • Kahen Properties picks up three DoBro buildings for $23.2M

    Developer bought the Livingston Avenue properties from BPC Managment
    September 01, 2015 11:34AM By Ariel Stulberg

    From left: 90 Livingston Avenue, 86 Livingston Avenue and 80 Livingston Avenue in Downtown Brooklyn, with Alex Kahen (inset)

    Kahen Properties are the new owners of a trio of adjacent residential and commercial buildings on Livingston Avenue in Downtown Brooklyn. Kahen bought the properties for $23.2 million from BPC Management Corporation, according to property records filed with the city Tuesday. [more]

  • New building permits plummeted 90% in July

    June numbers inflated by developers locking in old 421a breaks
    September 01, 2015 11:10AM
    A construction site near the High Line, with John Banks of REBNY and Gary Labarbera of BCTCGNY

    A construction site near the High Line (inset: John Banks of REBNY and Gary Labarbera of the Building and Construction Trades Council of Greater New York)

    An overwhelming boom of new building permits in June as developers sought to take advantage of the old 421a tax abatement has given way to comparatively paltry numbers in July.  [more]

  • Public advocate latest to join fight against Pier 6

    Possible mayoral candidate throws support against de Blasio-backed plan
    September 01, 2015 10:40AM
    Rendering of Pier 6 in Brooklyn Bridge Park and Letitia James

    Rendering of Pier 6 at Brooklyn Bridge Park and Letitia James

    City Public Advocate Letitia James is the latest to join a list of civic groups and advocacy organizations fighting the Pier 6 residential development in Brooklyn Bridge Park. [more]

  • gibraltar

    The Gibraltar at 160 West Street in Greenpoint

    David Berley-led group buys 5 East 47th Street for $18.3 million. Greenpoint’s Gibraltar gets new renderings. Schaefer Landing honors Brooklyn’s brewing past. Read these stories and more after the jump.

  • Amid crisis, de Blasio’s homelessness czar resigns

    Lilliam Barrios-Paoli served under four mayors
    September 01, 2015 09:34AM
    From left:

    From left: Lilliam Barrios-Paoli and Mayor Bill de Blasio

    The de Blasio deputy responsible for managing the homelessness crisis in the city is out of a job.

    The Mayor’s Office last night announced the impending resignation of Lilliam Barrios-Paoli, the deputy mayor for health and human services. The de Blasio administration’s statement gave no explanation of the departure. Barrios-Paoli will become the volunteer chairwoman of the board of the Health and Hospitals corporation, which runs the city’s public hospitals. [more]

  • Queens condo asking $5.4M could set a new borough record

    Prices in Long Island City continue to far exceed those in the rest of Queens
    September 01, 2015 09:01AM
    hqdefault copy

    From left: Basil Messados and 46-30 Center Boulevard in Long Island City

    Queens may not be the new Manhattan or even yet the new Brooklyn, but with luxury condominium units in Long Island City fetching upwards of $5 million, maybe it doesn’t have to be. [more]

  • Manhattan’s first crowdfunded condo building to launch sales

    Prodigy's AKA United Nations is set to open
    September 01, 2015 08:31AM
    From left: Rodrigo Nino and the AKA United Nations at

    From left: Rodrigo Nino and the AKA United Nations at 234 East 46th Street

    The wisdom of the crowd is about to be tested as Manhattan’s first condo building funded by a large group of internet-based investors is primed to hit the market.

    Prodigy Network’s Rodrigo Nino will begin booking guests and selling units as early as September at the company’s mew extended-stay hotel-condominium, the AKA United Nations at 234 East 46th Street. [more]

  • Friends, family “shocked” that Sean Ludwick left broker to die after crash: report

    Hansen said to have previously warned Ludwick about speeding in the neighborhood
    September 01, 2015 08:07AM
    From left: Paul Hansen and Sean Ludwick

    From left: Paul Hansen and Sean Ludwick

    Grim details of playboy developer Sean Ludwick’s alleged drunken drive along Sag Harbor’s notoriously winding roads that ended in the death of his friend, Douglas Elliman broker Paul Hansen, are coming into focus.

    Ludwick, head of BlackHouse Development, spent the night drinking with Hansen at the 230 Down in Southampton, according to a media report. [more]

  • Most popular stories on The Real Deal

    September 01, 2015 07:30AM

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    2. Can Blackstone’s real estate business keep growing?
    3. Gaia Real Estate: Billionaires aren’t wanted in our buildings
    4. WeWork could have trouble meeting $10B financial projections
    5. Ludwick held on $1M bond for role in fatal Hamptons crash

  • City seeks developers for 11th Ave. affordable housing project

    Former slaughterhouse site at 495 11th Ave. now houses NYPD parking lot
    August 31, 2015 06:00PM
    Maria Torres-Springer and 495 11th Avenue

    Maria Torres-Springer and 495 11th Avenue

    The city’s Economic Development Corporation is seeking bidders to develop a mixed-use affordable housing complex on the site of a former slaughterhouse at 495 11th Avenue in Hell’s Kitchen.

    The de Blasio administration is hoping the 25,000-square-foot, city-owned property’s proximity to the Hudson Yards project, as well as the upcoming extension of the 7 train to Manhattan’s Far West Side, will make the slaughterhouse site – which now houses an NYPD parking lot – attractive to developers. [more]

  • Join 20,000-plus real estate pros on TRD’s new database

    Sign up for The Real Deal's real estate directory
    August 31, 2015 05:41PM
    The Real Deal's new real estate directory

    The Real Deal‘s new real estate directory

    Those navigating the New York City market now have fewer hoops to jump through when searching for a real estate professional, thanks to The Real Deal‘s newly-launched database.

    Powered by commercial mortgage brokerage Eastern Union, The Real Deal‘s new directory puts the name of brokers, appraisers, mortgage bankers and other real estate professionals all in one place.

    Click here to submit your information and browse other real estate professionals listed in the directory.

  • Related closes on Hudson Yards site for $30M

    Developer went into contract at 507-511 W. 33rd in 2012
    August 31, 2015 05:24PM By E.B. Solomont

    From left: 507-511 West 33rd Street and Jeff Blau

    The Related Cos. closed on another Hudson Yards site for $30 million, property records filed with the city Monday show.

    The site, located at 507-511 West 33rd Street, houses a five-story manufacturing building that measures just over 36,000 square feet. [more]

  • Show me the Monet: Transcon International negotiating for 140K sf SoBro facility

    Art warehouser seeks tax exemptions in bid to purchase city-owned property
    August 31, 2015 05:00PM By Rich Bockmann
    131 Walnut Avenue and Picasso's “Les Femme d'Alger”

    131 Walnut Avenue and Picasso’s “Les Femme d’Alger”

    One of the city’s top fine-art storage companies is looking to make itself a part of the permanent collection in the South Bronx.

    Transcon International – which specializes in storing and shipping works that belong to private collectors, galleries, museums and corporations – is in negotiations to purchase the nearly 140,000 square-foot Port Morris warehouse it leases from the non-profit SoBro development firm. [more]

  • Sean Ludwick held on $1M bond for role in fatal crash

    Douglas Elliman broker Paul Hansen, 53, died Sunday morning in Sag Harbor
    August 31, 2015 04:30PM
    From left: Paul Hansen and Sean Ludwick

    From left: Paul Hansen and Sean Ludwick

    BlackHouse Development’s Sean Ludwick was held on $1 million bond Monday for his role in a car accident in Sag Harbor on Sunday morning that killed Douglas Elliman broker Paul Hansen.

    Ludwick, 42, was arraigned in Southampton Town Justice Court in Hamptons Bay and charged with DWI and leaving the scene of a fatal accident, law enforcement officials told the New York Post. [more]

  • Eastern Consolidated sues Waterbridge over Radegast deal

    Brokerage claims it is owed commission from $93M sale of W'burg site
    August 31, 2015 04:15PM By Konrad Putzier
    From left: Gabriel Saffioti, an aerial shot of 103-119 North 3rd Street and Nicole Rabinowitsch

    From left: Gabriel Saffioti, an aerial shot of 103-119 North 3rd Street in Williamsburg and Nicole Rabinowitsch

    Eastern Consolidated is suing Joel Schreiber’s Waterbridge Capital, claiming its agents are owed commission over the purchase of an assemblage of properties at 103 North 3rd Street in Williamsburg. The lawsuit adds yet another twist to the already lengthy saga of the Radegast Beer Hall site. [more]