The Real Deal New York

  • 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
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    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.

  • Judge dismisses Art Students League suit over Extell tower

    Plaintiffs claimed league’s board improperly conducted vote on $32M development rights price
    July 25, 2014 06:22PM By Claire Moses
    From left: Gary Barnett, plans for 225 West 57th Street and the exterior of the building

    From left: Gary Barnett, plans for 225 West 57th Street and the Arts Students League building

    A New York Supreme Court Justice dismissed a lawsuit brought by more than 100 members of the Art Students League of New York against the League, its 12-member board and Extell Development Company. [more]

  • Ron Howard sells Upstate New York compound for $27.5M

    Deal sets new record for Westchester County home sale
    July 25, 2014 06:00PM
    From left: Ron Howard, the main house at his Westchester County estate and interior

    From left: Ron Howard, the main house at his Westchester County estate and interior

    Director Ron Howard and his family spent years building a lakeside dream home and surrounding outbuildings. Now, the whole 32-acre compound has sold for $27.5 million. [more]

  • TGIF: Stay tuned for TRD‘s Weekend Edition

    Keep in touch with NYC, national and international real estate news
    July 25, 2014 05:45PM

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    It may be high time to kick back and relax, but The Real Deal is still churning our stories courtesy of our Weekend Edition. Every Saturday and Sunday, we cover real estate items from around the country and abroad, along with any breaking news happening in New York City. Like our Facebook page or follow us on Twitter to stay in touch with us on the go.

  • Inside TheRealDeal
  • The soon-to-be-shuttered dive bar Subway Inn at 143 East 60th Street

    The soon-to-be-shuttered dive bar Subway Inn at 143 East 60th Street

    World-Wide Group gives UES dive bar Subway Inn its walking papers. Faux landlord allegedly decapitated neighbor following rent dispute. Salesforce.com on the hunt for New York spot. Read these stories and more after the jump.

  • Buildings with rooftop pools cool overheated New Yorkers

    Franklin Place, Stratford and Trump Soho among Gotham buildings with a watery oasis
    July 25, 2014 05:15PM
    The rooftop pool at luxury condominium development 5 Franklin Place

    The rooftop pool at luxury condominium development 5 Franklin Place

    In an effort to cut back on water use, New York City’s Department of Environmental Protection has snapped up some 500 schools, 600 comfort stations, 10 housing projects and 87 parks — grand total of 1,700 municipal-owned properties. But endless use of the city’s biggest aquatic luxury, the rooftop pool, can be had in exchange for a hefty price tag. Click here to see photos of a few such spots.

  • Two Trees files plans for 3rd new building on Domino Sugar site

    30-story tower will be split between office and residential uses
    July 25, 2014 05:00PM By Rich Bockmann
    Development on the site of the Domino Sugar Factory

    The northernmost building at the Domino Sugar Factory sit will be split between residential and office

    Two Trees Management filed plans today revealing information on the third new building at its Domino Sugar Factory development along the Williamsburg waterfront. [more]

  • One York condo sues Lend Lease, others over faulty windows

    Replacements would cost $10 million, sponsors claim
    July 25, 2014 04:50PM
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    One York and Lend Lease CEO Robert McNamara

    The sponsors of the six-story condominium building One York filed a lawsuit against contractor Lend Lease Construction and three other firms for allegedly making and installing faulty windows.

    The plaintiffs, who filed documents in Manhattan Supreme Court, said it would cost about $10 million to replace all of the windows, the New York Daily News reported. They claim residents of 1 York Street complained that the windows easily cloud up, and result in streaking and discoloration on the window seals. [more]

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

    Big data and Google Glass are among trendmakers driving change
    July 25, 2014 04:30PM
    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
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    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
    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 West 29th

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

  • 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
    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
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    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
    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
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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
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    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

    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 for 237 East 34th Street is indisputably graceful but no radical departure
    July 25, 2014 12:48PM By James Gardner
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    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
    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]

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