The Real Deal New York

  • 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
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    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
    7 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
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    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
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    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]

  • Inside TheRealDeal
  • 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
    20 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
    26 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
    26 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
    31 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
    42 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
    34 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
    50 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
    60 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]

  • Sales of $15M-and-up homes on track for NYC record: PHOTOS

    Over past year, 30 percent of top-dollar transactions concentrated in new developments
    July 25, 2014 08:00AM By Julie Strickland
    0 People Viewed
    1. 950 Fifth Avenue

    950 Fifth Avenue

    The number of sales of single-family properties in New York City at or above $15 million hit a new post-recession high over the past 12 months, with 78 closed sales at that price point recorded throughout the five boroughs. Click here for a slideshow and chart of the priciest properties.

  • Most popular stories on The Real Deal

    July 25, 2014 07:30AM
    43 People Viewed

    Current reader favorites:
    1. Corcoran sues over record $147M sale of Hamptons mansion
    2. Naftali to raze five-story UWS garage for condo project
    3. SL Green’s sale of three properties to generate $240M net cash
    4. REBNY’s influence over Cuomo laid bare
    5. Manhattan’s top listing agents: PHOTOS

  • Laurel’s mixed-use condo space expected to fetch $70M

    Tenants include TD Bank, Cornell University and Quik Park garage
    July 24, 2014 06:30PM
    124 People Viewed

    400 East 67th Street and Woody Heller

    A nearly 59,000-square-foot mixed-use condominium unit at the Laurel on the Upper East Side is hitting the market and expected to fetch as much as $70 million.

    An undisclosed institutional seller hired Savills Studley brokers Daniel Parker, Will Silverman, Eric Negrin and Woody Heller to market the space at the 31-story condo tower at 400 East 67th Street, near First Avenue. The fully-leased unit holds office, retail and garage space. [more]

  • Morgan Stanley to pay $275M to settle subprime charges

    SEC found that the firm misled investors about mortgage-backed bonds
    July 24, 2014 06:10PM
    109 People Viewed
    Morgan Stanley Headquarters in Times Square

    Morgan Stanley Headquarters

    Morgan Stanley will pay $275 million to resolve the Security and Exchange Commission’s claim that the firm misled its investors in the sale of more than $2.5 billion in bonds backed by home loans.

    The settlement comes after the U.S. regulator found that the firm misrepresented the delinquency status of subprime loans that backed the securities. [more]

  • Download TRD’s iPad App

    NYC's go-to source for real estate news, available on the go
    July 24, 2014 05:50PM
    107 People Viewed

    Screen Shot 2014-07-24 at 4.25.38 PM

    Get the full experience of reading each issue to cover to cover with the convenience of a digital format by downloading the The Real Deal magazine iPad app on iTunes. With expanded photo galleries, charts and graphs, as well as a clipping tool that allows users to crop pictures and text to save for later, readers can enjoy all the same content with a rich media experience.

    Choose to read a single issue for $2.99, or sign up for an annual subscription for $14.99. Click here to download the app for free.

  • Brookfield promotes vet to replace Mitch Rudin

    Paul Schulman, who headed up DC operations, to oversee entire U.S. portfolio
    July 24, 2014 05:30PM
    137 People Viewed

    From left: Paul Schulman and Mitch Rudin (Credit: STUDIO SCRIVO)

    Brookfield Office Properties has found a replacement for Mitch Rudin, the CEO of commercial operations who made a surprise exit last month. Paul Schulman, a Brookfield vet who was in charge of operations in Washington, D.C., will now serve as president and COO of the entire U.S. office portfolio.

    The Toronto-based firm owns 63 buildings in the U.S., spanning 57 million square feet. Schulman joined the company in 1998. [more]

  • Inside the

    Inside the Champagne Apartment at 455 Madison Avenue

    Art dealer Tobias Meyers unloads Time Warner Center pad for nearly $17M. New York Palace hotel’s $250K-per-month Champagne Apartment fails to impress. Karl Fischer’s 255 Bowery shows itself for first time in three years. Read these stories and more after the jump.