The Real Deal New York

  • capote3

    Truman Capote’s former home at 70 Willow Street in Brooklyn Heights

    Landmarks to weigh changes to Truman Capote’s ex-abode. Hurricane Sandy victims offered rent reprieve. Philip Glass fights NYU expansion by donating work. Read these stories and more after the jump.

  • Rabsky plans seven-story Williamsburg apartment building

    Dushinsky bringing 50 residential units to Manhattan Avenue
    December 22, 2014 05:40PM
    406-manhattan

    406 Manhattan Avenue in Brooklyn and Mark Ginsberg

    Simon Dushinsky’s Rabsky Group filed permits today for a seven-story, 50-unit apartment building in South Williamsburg.

    The property at 406 Manhattan Avenue, near Frost Street, is expected to hold 43,000 square feet of residential space – with apartments averaging 860 square feet apiece. Floors two through six will each hold eight apartments. Curtis + Ginsberg Architects is serving as the architect of record. [more]

  • Even more condos planned for Long Island City

    With land prices shooting up, rentals no longer pencil out for many builders
    December 22, 2014 05:00PM
    Clock Tower building at 29-27 41st Avenue and rendering of Ascent Development's 11-51 47th Avenue in Long Island City

    Clock Tower building at 29-27 41st Avenue and rendering of Ascent Development’s 11-51 47th Avenue in LIC

    With Long Island City land prices blowing up and the neighborhood’s demographics shifting to an older, more monied crowd, developers are increasingly considering condo development in this area dominated by rental apartments. [more]

  • Beacon Capital signs health care ad firm at 32 Old Slip

    RXR Realty in contract to buy 1.2M sf Downtown office building for $675M
    December 22, 2014 04:45PM
    32-old-slip

    32 Old Slip and Mitchell Arkin (credit: Patrick McMullan)

    Less than a month after RXR Realty entered contract to buy a Downtown office building for $675 million, a health care advertising firm inked a lease there for 55,000 square feet.

    The Cement Bloc will occupy the full 15th floor and part of the 16th floor at the 1.2 million-square-foot tower at 32 Old Slip. The tenant plans to consolidate its offices in Chelsea and the Flatiron District into the new Downtown space. [more]

  • Inside TheRealDeal
  • Mark Geragos plans development near 10 Madison Sq. West

    Celebrity attorney, whose clients include Kesha and Mike Tyson, bought site from Witkoff
    December 22, 2014 04:00PM By Rich Bockmann
    From left: Mark Geragos, 7 West 24th Street and Steve Witkoff

    From left: Mark Geragos, 7 West 24th Street and Steve Witkoff

    Attorney-to-the-stars Mark Geragos is planning to convert a mixed-use building next door to Steve Witkoff’s 10 Madison Square West.  [more]

  • Another Corcoran exit as Wendy Sarasohn jumps to BHS

    Agent leaving after 26 years at the firm, $800M in sales
    December 22, 2014 03:25PM By E.B. Solomont
    From left: Wendy Sarasohn, BHS' Hall Willkie and Corcoran's Pamela Liebman

    From left: Wendy Sarasohn, BHS’ Hall Willkie and Corcoran’s Pamela Liebman

    Wendy Sarasohn, a top-ranked agent at the Corcoran Group, joined Brown Harris Stevens today, The Real Deal has learned. Sarasohn, who sold $100 million in real estate in 2012, is bringing daughter Jamie Joseph with her to BHS. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    December 22, 2014 03:09PM

    1. Douglas Elliman is getting ready to hit the slopes
    2. Tips on keeping closing costs low
    3. 5 things you didn’t know about the Rockefeller Center Christmas tree

    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]

  • Raising the stakes: $1.1B Catskills casino could have resi

    Empire Resorts mulling adding apartments in expanded plan for gambling facility
    December 22, 2014 02:40PM
    Rendering of Montreign Resort Casino in Thompson, N.Y.

    Rendering of Montreign Resort Casino in Thompson, N.Y.

    Empire Resorts is mulling a potential residential component for its proposed $1.1 billion casino in the Catskills region. [more]

  • Broad Street nabs two Noho resi buildings for $179M

    Developer expands Downtown portfolio with $178M purchase
    December 22, 2014 02:13PM
    304 and 298 Mulberry Street in Greenwich Village

    304 and 298 Mulberry Street in Greenwich Village

    Broad Street Development purchased two Noho apartment buildings for a combined $178.5 million. [more]

  • Zelig Weiss gets $81M loan for Level Hotel project

    Zegen’s Madison Realty serves as lender for 260K sf commercial building
    December 22, 2014 01:40PM By Mark Maurer
    55-wythe

    Rendering of 55 Wythe Avenue in Williamsburg (Credit: Albo Liberis) (Inset: Josh Zegen)

    Developer Zelig Weiss secured more than $81 million in financing for the 260,000-square-foot Level Hotel project slated for Williamsburg, The Real Deal has learned. [more]

  • In legal tangle, Ashkenazy works to forestall contempt citations

    Lenders seek depositions and documents amid loan defaults
    December 22, 2014 01:10PM By David Jones

    Lawyers for developers Ben and Izzy Ashkenazy and Izzy’s business partner Jonathan Igus are in talks to resolve potential contempt citations for allegedly failing to appear for depositions. Those depositions are tied to loan defaults and $5 million in judgments related to the now-defunct Anglo Irish Bank. [more]

  • The week in luxury: A map of NYC’s priciest apartment sales

    An interactive look at where the biggest deals were struck, plus total overall sales and average prices for the week (click on numbers to see data)
    December 22, 2014 12:30PM

    city-realty-12-22

    Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales. Click here to see this week’s version.

  • Victor Homes pitching NoMad tower to EB-5 investors: report

    Rafael Viñoly designing the planned 51-story condo building
    December 22, 2014 12:05PM
    281 Fifth Avenue in NoMad massing diagrams

    281 Fifth Avenue in NoMad massing diagrams

    Victor Homes is reportedly shopping a 51-story Rafael Viñoly design for a condominium tower at 281 Fifth Avenue to foreign investors.  [more]

  • Peter Poon to design new 31-story FiDi hotel

    NY Times Square Hotel Group developing the 150-key hotel
    December 22, 2014 11:31AM By Claire Moses
    120-122 Water Street

    120-122 Water Street

    Peter Poon is designing a new hotel in the Financial District, according to a permit application filed with the city today.

    NY Times Square Hotel Group is developing the hotel at 120 Water Street, which is slated to stand 31 stories tall and span roughly 42,000 square feet. Li Hui Lo, president of the NY Times Square Hotel Group, bought 120-122 Water Street — located between Wall and Pine streets — for $15 million in April.  [more]

  • Greystone plans mixed-use development on Harlem church site

    Samuels Temple Church of God in Christ has been located at 75 East 125th Street for 54 years
    December 22, 2014 10:50AM
    75 East 125th Street

    75 East 125th Street

    A house of worship on 125th Street that is more than a half-century-old will have to make way for a new mixed-use apartment building.

    Greystone & Co. is planning to construct a 12-story, 75-unit apartment building with retail space at the location of Samuels Temple Church of God in Christ. The church has been located at 75 East 125nd Street for 54 years. Greystone & Co. acquired the uptown properties at a federal Bankruptcy Court auction [more]

  • Neighborhood dive: A close look at the Lower East Side

    With new development selling at $4K a square foot, area has come a long way from pushcarts
    December 22, 2014 10:10AM By Kerry Murtha
    The Lower East Side

    The Lower East Side

    From the December issue: It’s not your nanna’s lower east side anymore. The neighborhood has transformed over the last couple of years. A closer look at the neighborhood, after the jump.

  • Rendering of the new FreshDirect headquarters in the South Bronx

    Rendering of the new FreshDirect headquarters in the South Bronx

    FreshDirect to break ground on new South Bronx facility. New towers in Williamsburg, Brooklyn. The problem with PATH’s Newark expansion. Read these stories and more after the jump.

  • Houghton Mifflin books space at Cohen Brothers’ 3 Park Ave.

    Publisher signs 12-year lease for the 19th and parts of the 18th floor
    December 22, 2014 09:10AM
    ParkAvefinal

    From left: 3 Park Avenue and Charles Cohen

    Publishing house Houghton Mifflin Harcourt is the newest tenant at the Cohen Brothers Realty Corporation’s 3 Park Avenue. [more]

  • Post-dispute, Forest City back to work on prefab tower

    But completion date of B2 BKLYN now pushed back to 2016
    December 22, 2014 08:40AM
    From left: MaryAnne Gilmartin and B2 BKLYN

    From left: MaryAnne Gilmartin and B2 BKLYN

    Forest City Ratner re-hired some of the workers who were laid off over the summer to finish construction on what is supposed to become the world’s tallest modular tower. But the completion date for the building has been pushed back.

    The modular tower in Brooklyn’s Pacific Park will be the first residential project to rise at the site by the Barclays Center, according to NY1.  [more]

  • APF pays Pru $188M for full control of Midtown property

    Investor and Prudential bought the building at 28 West 44th Street for $161M in 2011
    December 22, 2014 08:05AM
    28 West 44th Street

    28 West 44th Street in Midtown

    APF Properties has bought out Prudential Real Estate Investors and is now the sole owner of 28 West 44th Street.

    APF paid $188 million for the 80 percent stake in the 372,000-square-foot building, according to the Wall Street Journal. The pair of investors bought the 22-story Midtown building in 2011 for $161 million. Since 2011, the value of the building has risen to around $235 million, according to the newspaper. That works out to a 46 percent increase. [more]

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