The Real Deal New York

Tribeca / Soho neighborhood news

  • 120-west-broadway

    From left: 120 West Broadway, Acadia’s Chris Conlon and ABS’ John Brod

    Delaware-based retail real estate investment trust Acadia Realty Trust paid $37 million for a long-term leasehold on the 14,000-square-foot retail condominium unit at a six-story building in Tribeca, ABS Partners Real Estate broker John Brod told The Real Deal. [more]

  • 5-franklin-16a

    Franklin Place, unit 16A, at 371 Broadway in Tribeca

    The Elad Group’s Franklin Place in Tribeca has sold all but one condominium unit, but it could be a while. The four-bedroom unit was listed with Cantor and Pecorella for $7.5 million in May and has yet to enter contract. [more]

  • Sales kick off at new Reade Street condo

    January 30, 2014 09:00AM
    Exterior and interior shots of Reade Chambers at 71 Reade Street

    Exterior and interior shots of Reade Chambers at 71 Reade Street

    Sales launched today at Reade Chambers, a new 17-unit boutique condominium at 71 Reade Street in Tribeca, the sponsors told The Real Deal. Four units at the building are being offered for sale so far, including a four-bedroom spread asking $5.63 million and a one-bedroom unit with a price tag of $1.7 million. [more]

  • From left: 60 Warren Street in Tribeca and a rendering of 19 East Houston Street in Soho

    From left: 60 Warren Street in Tribeca and a rendering of 19 East Houston Street in Soho

    The median price for a New York City home in 2013 rose just two percent year-over-year to $475,000, according to data from StreetEasy, but the price changes in individual neighborhoods were far more pronounced. [more]

  • Reffkin-Allon-Song

    From left: Robert Reffkin, Ori Allon and Sofia Song

    Sofia Song, StreetEasy’s former head of research and communications, is set to take a job at the high-tech startup brokerage Urban Compass. [more]

  • Renderings of the penthouses atop 67 Franklin Street (Credit: Hayes Davidson)

    Renderings of the penthouses atop the Cast Iron House 361 Broadway (Credit: Hayes Davidson)

    Knightsbridge Properties has released the first renderings for their twin duplex penthouses atop Tribeca’s 67 Franklin Street. Designed by Japanese architect Shigeru Ban, the penthouses feature a unique cantilever that allows for the glass exterior doors to completely open up to the outside. [more]

  • From left: Sky View Parc in Flushing and 250 West Street in Tribeca

    From left: Sky View Parc at 4022 College Point Boulevard in Flushing and 250 West Street in Tribeca

    Sky View Parc in Flushing was the best-selling building of 2013, with 165 units sold during that year at a median price of $677,136, according to data from PropertyShark. Though new development buildings were all the rage in 2013, many of the sales at these buildings have yet to close, and so the honors for top-selling buildings went to properties that have been on the market for a little longer, the data show. [more]

  • From left: 452 West Broadway and 150 Prince Street

    From left: 452 West Broadway and 150 Prince Street

    West Broadway, an area of Soho that lagged behind its hipper neighbors in terms of retail leases and building upgrades, is finally having its day.

    Rising price tags on Mercer Street between Prince and Houston streets are partly to thank. As rents climb to around $500 per square foot on Mercer and Greene streets and over $1,000 on Prince and Spring, luxury brands are eyeing West Broadway with renewed interest. [more]

  • Spiegelman-583-124

    From left: Gene Spiegelman, 583 Broadway (Photo credit: PropertyShark) and 124 Prince Street

    Rising retail rents are driving an ongoing acquisition frenzy in Soho, insiders say, and if the latest market data is to be believed, that activity should continue. [more]

  • sterling-mason-ph2

    Sterling Mason penthouse at 71 Laight Street

    The second of three penthouse condominiums at the Sterling Mason in Tribeca has hit the market asking $23 million, a spokesperson told The Real Deal exclusively. [more]

  • From left: 6 Cortlandt Alley (Credit: Tribeca Trib) and a rendering of the proposed building (Credit: TRA Studio)

    From left: 6 Cortlandt Alley (Credit: Tribeca Trib) and a rendering of the proposed building (Credit: TRA Studio)

    The city’s Landmarks Preservation Commission approved a seven-story Tribeca condominium project by Megalith Capital Management and Imperial Development Group, a spokesperson for Megalith told The Real Deal exclusively. The commission initially hesitated on the 6 Cortlandt Alley project. [more]

  • The penthouse at Tribeca's 11 North Moore Street and Fredrik Eklund

    The penthouse at Tribeca’s 11 North Moore Street and Fredrik Eklund

    A penthouse at VE Equities’ 11 North Moore condominium in Tribeca has hit the market asking $40 million. The 7,061-square-foot apartment boasts a private rooftop pool and 3,168 square feet of private outdoor space. [more]

  • Luxe Tribeca condo battles Crunch gym

    January 10, 2014 08:23AM
    140 Franklin Street

    140 Franklin Street

    Some of the residents who own multi-million dollar condominium units at 140 Franklin Street in Tribeca are steamed over a proposal to lease a large ground-floor and lower level space to the gym Crunch, a new lawsuit filed late yesterday says.

    The $5 million suit, brought by the residential condo’s board of managers claims that John Calicchio’s Lily Realty, the owner of the building’s retail condo, and Crunch are violating the building’s condo declaration and by-laws. [more]

  • Michael Shvo

    Michael Shvo

    UPDATED, 12:30 p.m., Jan. 10: High-flying broker-turned-developer Michael Shvo has closed on his next big deal – the $130 million acquisition of a Soho development site that could become a new residential tower of up to 280,000 square feet.

    Shvo teamed up with Erez Itzhaki and equity partners Halpern Real Estate Ventures, Bizzi & Partners and Aronov Development to buy the 20,000-square-foot assemblage site at 100 Varick Street, located on the western end of the blockfront bounded by Watt, Broome and Varick streets. [more]

  • From left: Dean and Dan Caten and 402 West Broadway in Soho

    From left: Dean and Dan Caten and 402 West Broadway in Soho

    Designer DSquared2 has inked a lease for a store on Spring Street in Soho. DSquared2 will set up in a 2,200-square-foot space at 402 West Broadway. [more]

  • Tribeca Summit at 415 Greenwich Street

    Tribeca Summit at 415 Greenwich Street

    The law firm Stroock Stroock & Lavan has asked a state judge to dismiss an $80 million legal malpractice suit filed by Tribeca Summit developers Joel Silver and Ethan Eldon, contending that they failed to outline the firm’s specific missteps.

    Silver and Eldon, the original co-developers of the troubled condominium project at 415 Greenwich Street, filed suit in October claiming that the law firm provided an inexperienced lawyer who failed to advise them of a bankruptcy option after they defaulted on a $47.1 million loan from KBS Capital in 2009. [more]

  • Bassalali-Varick

    Rama Bassalali and 50 Varick Street (Photo credit: PropertyShark)

    A Manhattan-based sales broker claims American Realty Capital New York Recovery REIT, a real estate investment trust, stiffed him on a brokerage commission stemming from its $90.8 million purchase of a commercial condominium in Tribeca last summer. [more]

  • From left: 346 Broadway and 66 John Street

    From left: 346 Broadway and 66 John Street

    Tribeca homeowners and businesses put on short notice of a relocation of a probation office to their neighborhood are taking New York City to court for making the decision without them. [more]

  • Beyonce and the interior and exterior of 214 Lafayette Street (Credit: StreetEasy)

    Beyoncé and the interior and exterior of 214 Lafayette Street (Credit: StreetEasy)

    Fancy being a part of Beyoncé lore? A 13,000-square-foot Lafayette Street townhouse where the superstar diva filmed the video for her 2009 hit “Halo” is now on the market for $80,000 per month. [more]

  • Shahab Karmely and 443 Greenwich Street in Tribeca

    Shahab Karmely and 443 Greenwich Street in Tribeca

    Developer Shahab Karmely will get another chance to make his case that two former investment partners cut him out of a Tribeca condominium development, for which he is seeking $40 million, a federal appeals court ruled. [more]

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