The Real Deal New York

Inwood / Washington Heights neighborhood news

  • 4941 Broadway

    4941 Broadway in Inwood

    A commercial building in Inwood that was gutted by a fire last year will be rebuilt, according to DNAinfo. [more]

  • Buying a memorable staycation

    July 28, 2013 12:00PM
    South Down Lakes Region, N.H.

    South Down Lakes Region, N.H.

    From Luxury Listings NYC: If you ask Dan Dicarlo where to find value, the 42-year-old retired Wall Street trader will tell you the Sandy-ravaged Jersey Shore. That’s where he found his second home. [more]

  • Christy Romero

    Christy Romero

    A report released by the Treasury Department’s Troubled Asset Relief Program reveals that its mortgage modification program appears to have been helping servicers more than homeowners, the New York Times reported.

    The report, by Christy Romero, the special inspector for TARP, reveals that although more than a third of homeowners who received loan modifications under TARP’s mortgage modification program have since stopped paying, banks and other mortgage servicers kept the money they received for modifying those loans. [more]

  • TruFund's headquarters are located at 915-919 Broadway

    TruFund headquarters at 915-919 Broadway

    Non profit small business lender TruFund Financial Services, formerly known as Seedco Financial Services, has emerged from a difficult period and is stepping up lending this year, having already approved $5.8 million worth of loans for 2013 so far, Crain’s reported.

    The institution, which focuses on small business loans in under-served communities, saw lending fall from $13 million in 2011 to $6 million in 2012 as it focused energy on splitting from parent company Seedco. A national nonprofit, Seedco was sued for civil fraud last year by federal prosecutors. [more]

  • Guy Geier

    Guy Geier

    The largest construction and architecture firms are seeing healthy growth in their employment figures, suggesting a rebound in building activity, Crain’s reported.

    Full-time employment at the top construction companies was up 1.6 percent in 2012, while the number of architects at the largest firms was up 8 percent from a year earlier. Though the job gains at many architecture firms were less than those seen in the first years of the millennium, there are those who insist that ultimately, that is a good thing. [more]

  • [caption id="attachment_234356" align="aligncenter" width="575"] A still from the Broadway Stack video[/caption]

    At Broadway Stack, the prefabricated residential building at 4857 Broadway in Inwood, the foundations and first floor have been completed, Curbed reported. The remaining 38,000 square feet of the project, developed by Gluck+, is being constructed off-site before being shipped and assembled during the week of April 15…. [more]

  • From left: HPD Commissioner Mathew Wambua, 566 West 190th Street and 570 West 190th Street (buildings credit: PropertyShark)

    Ten apartment buildings in Washington Heights have been designated by a group of city officials as “at-risk properties,” buildings that are deteriorating and in danger of falling into further distress, Crain’s reported. As a result, the buildings, located at 566 and 570 West 190th Street, will now be part of the city’s Proactive Preservation Initiative, which monitors properties with liens and violations, Crain’s reported. [more]

  • Renderings for the Diller Scofidio + Renfro's Columbia medical school building, slated to rise in Upper Manhattan

    There was a time, a long time, when it seemed as though the firm of Diller Scofidio + Renfro wasn’t doing much of anything. The architects gave lectures to like-minded vanguardists, designed art exhibitions and made art, or something like it. And they conjured up numerous projects that never left the drawing board.

    Then, all of a sudden, they became incandescently hot, and now they seem to be everywhere. You could be excused for thinking that there was not a cultural project on New York’s architectural horizon that they do not have a hand in. They have reconceived Lincoln Center’s public spaces — not counting the buildings themselves —and have greatly improved and made more pleasant the public’s interaction with that 50-year-old cultural superblock. This firm was also responsible for the two completed installments of the High Line, and for the third one that is still a year or two away. [more]

  • From left: Elizaveth Diller, the Columbia University Medical Center rendering and an interior rendering

    Columbia University has unveiled plans for its medical center’s new education building in Washington Heights, the New York Times reported. The university tapped architecture firms Diller Scofidio + Renfro and Gensler to design the 14-story tower planned for Haven Avenue between West 171st and West 172nd streets. The result is a tower with a wide base that slopes inward with each higher floor. The southern side of the building’s exteriors will be exposed through a transparent glass facade. [more]

  • From left: David Schechtman, Lipa Lieberman, 80 Fort Washington Avenue and 884 Riverside Drive

    A portfolio of eight Upper Manhattan apartment buildings owned by landlord Vantage Properties and investment partner Area Property Partners sold last month for approximately $65 million, sources familiar with the deal said, far below what the partners paid for the properties in 2007. The three buyers included John Streicker’s Midtown-based Sentinel Real Estate, Queens-based Alma Realty and Onex Real Estate Partners, based in Midtown, several sources said. [more]

  • A rendering of La Marina (credit: DNAinfo)

    A 1,000-seat restaurant along the Hudson River that was originally proposed as part of Inwood’s waterfront revival has been scaled back to half its original size, because the community said the larger eatery and bar would disturb the neighborhood’s quality of life, DNAinfo reported. La Marina will open within the coming weeks on the western end of Dyckman Street, but with seating now capped at 500. [more]

  • From the May issue: In the last few years, the part of Northern Manhattan that’s received the most press ink has, of course, been Harlem. But there’s an entire residential market farther north in Washington Heights and Inwood that often gets overlooked by the New York real estate community.

    This month, The Real Deal talked to brokers and market analysts who follow what’s going on in the two adjacent neighborhoods. What we found is that the area has seen a recent surge in sales activity, some of which is a result of the major drop it saw after the crash, which lasted longer than it did in some other Manhattan neighborhoods. In addition, prices there are also starting to creep up because inventory has started to tighten. [more]

  • Cathedral of Saint John the Divine and AvalonBay Morningside Park

    Talks to landmark the perpetually unfinished Cathedral of St. John the Divine in Morningside Heights have renewed for a fourth time in more than 40 years as Equity Residential lays plans for a 15-story apartment building on the church’s campus, the Wall Street Journal reported. Once again, preservationists and activists want the building and its surrounding campus — called “the close” — landmarked before Equity begins work on its development. [more]

  • From left: 134 Haven Avenue and 11 86th Street (credits: PropertyShark)

    A multi-family apartment building in Upper Manhattan purchased this year at a record price per unit by an affiliate of Manhattan-based Atias Enterprises was acquired with allegedly illegal funds and federal prosecutors want that property and a smaller one in Brooklyn turned over to the government. [more]

  • From left: the exterior of the Convent Avenue Baptist Church (credit: PropertyShark) and a rendering of its new addition (credit: DNAinfo)

    The Convent Avenue Baptist Church now has broken grown for a new addition to the building, Harlem + Bespoke reported. The church, located on 145th Street between Convent and St. Nicholas avenues in the Hamilton Heights historic district, will add a building with an elevator shaft.

    [more]

  • From left: 620 West 182nd Street and Public Advocate Bill de Blasio

    A man who New York City Public Advocate Bill de Blasio dubbed “NYC’s worst,” has racked up 1,187 building and housing violations and is under investigation by city, state and federal officials for everything from tax fraud to selling narcotics, DNAinfo reported.

    Josh Neustein, who owns eight buildings, four of which are in Upper Manhattan, is under investigation by the New York City Police Department, the Internal Revenue Service and other agencies, after a probe by the city’s Department of Investigation was concluded last month. [more]

  • From left: Mayor Michael Bloomberg, state Sen. Adriano Espaillat and the corner of Dyckman Street and Nagle Avenue in Washington Heights

    For the past decade, Mayor Michael Bloomberg has touted his commitment to building and preserving affordable housing in New York City. But according to the New York Daily News, he’s overlooking Washington Heights.

    While the area’s uptown neighbors in central Harlem and East Harlem have added 2,770 and 2,133 new units of affordable housing, respectively, and the entire borough has seen 11,627 new units, just 139 units have been added in Washington Heights.  [more]

  • From left: 134 Haven and Robert Shapiro, vice president at Massey Knakal

    A $9.05 million sale of a multi-family building in the Washington Heights neighborhood has broken records for the area, according to a statement from Massey Knakal Realty Services today.

    The 44,442-square-foot building, at 134 Haven Avenue, sold at “the highest price per unit ever paid for a strictly residential property with an elevator in Washington Heights,” according to Massey Knakal’s comparable sales data, the statement said. The six-story building is between 172nd and 173rd streets. [more]

  • The Inwood neighborhood

    After a massive fire destroyed a number of businesses in Inwood last month, one couple is taking matters into their own hands, and starting a local green market to fill the void, DNAinfo reports.

    The three-alarm blaze destroyed much of the commercial block at 4945 Broadway, near West 207th Street, Jan. 3. Now locals Daniel Strong and Danielle Ricciardi plan to reinvigorate their neighborhood. They hope the market will resemble the Brooklyn Flea or Dekalb Market, DNAinfo said. [more]

  • Shop operators and officials from the Northern Manhattan Arts Alliance have been working with Vantage Properties to hammer out a deal to keep a multi-use bookstore at 4157 Broadway, DNAinfo reported.

    Patrons of the Word Up store, which has been operating rent free at the Vantage building since June on a month-to-month contract, gathered in the space this past Saturday to celebrate the six-month milestone and to raise money for the store’s first month of rent, should the Vantage contract work out.

    Word Up even allowed attendees to purchase a share in the business for $20; it’s hoping to run the store according to a “Community Supported Bookshop” program, where patrons receive special benefits for contributing monthly to the store. … [more]

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