The Real Deal New York

Posts Tagged ‘mns’

  • Kramer-Behin-1125-Katz

    From left: David Kramer, David Behin, 1125 Banner Avenue and Yosef Katz

    The investment firm Hudson Companies made its first purchase using a $200 million fund created to invest in residential and commercial real estate in areas of New York City impacted by Hurricane Sandy, insiders told The Real Deal. [more]

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  • At the Desk of Andrew Barrocas

    March 19, 2014 04:30PM
    Andrew Barrocas

    Andrew Barrocas

    From the March issue: Andrew Barrocas, 35, grew up expecting to go into his father’s business, manufacturing menu covers and accessories for women’s clothing. But Joel Barrocas wanted his son to experience another line of work first, so Barrocas headed to Citi Habitats in 2001, after graduating from Arizona State University. There, he discovered a niche, marketing new developments Downtown in the wake of the Sept. 11 attacks. [more]

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  • From left: Andrew Barrocas, an interior shot of a unit at Williamsburg Townhomes and Ben Shaoul

    From left: Andrew Barrocas, an interior shot of a unit at Williamsburg Townhomes and Ben Shaoul

    Williamsburg Townhomes, a joint venture between Ben Shaoul’s Magnum Real Estate Group and SL Green Realty, has hit the 75 percent sold mark, a spokesperson for the project told The Real Deal exclusively. The townhouse development, located at 131 North Third Street off Bedford Avenue, has a dozen four-story residences with 1,892 square feet of interior space and 957 square feet of private outdoor space. [more]

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  • triangle-court

    456 Grand Street in Brooklyn

    A new 52-unit rental building in South Williamsburg has begun leasing. [more]

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  • Cobble-Hill-Towers

    Cobble Hill Towers at 417 Hicks Street

    The average one-bedroom rental price in Cobble Hill jumped 7.1 in January month-over-month after several months of declines, according to a report from brokerage MNS.

    Prices were up to $2,2625 from $2,450 – the biggest average month-over-month increase any apartment across Brooklyn for that period, the report shows. The average neighborhood rents for studios were $2,025 and two-bedrooms were $3,644. [more]

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  • manhattan-average-rents-2013

    Manhattan average rents for 2012 and 2013 (Credit: Citi Habitats)

    Landlords in Manhattan and Brooklyn acted aggressively at the sluggish end of 2013 in an effort to boost building occupancy, even if that meant making concessions, according to Jonathan Miller, president and CEO of Miller Samuel. [more]

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  • 213 Maujer Street and Dave Behin

    213 Maujer Street and Dave Behin

    A new retail and residential project is coming to East Williamsburg. A partnership between Jeff Kurtz of the Kamson Corporation and Dean Marchi of Grand Street Development has paid $14.2 million for 774-784 Grand Street and 213 Maujer Street, properties located near the Grand Street stop on the L train.

    The buyers will combine the two properties into a single lot to build a mixed-use project that will have a 63,000-square-foot residential component, with 69 rental apartments, as well as 12,000 square feet of ground-floor retail space. [more]

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  • From left: Gary Malin and David Behin

    From left: Gary Malin and David Behin

    year_in_reviewIt’s been an active year (to say the least) for New York City real estate, so it should come as no shock that the number of real estate agents and brokers licensed in the five boroughs has increased. [more]

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  • Kaplan-110-866

    From left: Jeffrey Kaplan, 110 Green Street (Photo: PropertyShark) and 866 United Nations Plaza (Photo: CoStar)

    Midtown-based Meadow Partners yesterday acquired a 130-unit rental building at 110 Green Street in Greenpoint for $72 million, adding to a New York City portfolio that has changed significantly this year. [more]

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  • manhattan-rents-oct

    Manhattan rents in October (Credit: MNS)

    Still cooling off from the summer, Manhattan rents in October declined for the second month in a row over the previous year – and only the second time since June 2011, according to a monthly Douglas Elliman rental market report released today. [more]

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  • MNS new development report

    MNS new development report (Click to enlarge image)

    Skyrocketing land prices combined with a continued inventory shortage meant that residential developers cranked up prices for new apartments in Manhattan in the third quarter of 2013. The median sale price of a new construction condominium jumped 15 percent in the third quarter, to $1,222 per square foot from $1,062 in the same period last year, according to the latest new development market report from residential brokerage MNS Real Estate. [more]

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  • Jeffrey Levine (inset) and a rendering of 1 North 4th Street

    1 North 4th Place rendering (inset: Jeffrey Levine)

    Developers are betting on Brooklyn rentals over condominiums as the borough’s rent growth continues to outpace Manhattan’s, and neighborhoods such as Bushwick, Greenpoint and Crown Heights become increasingly attractive to professionals.

    About 15,300 new Brooklyn rental units are under construction or planned in the next two years, compared with just 1,700 planned condos, according to data from residential brokerage MNS. Brooklyn’s median apartment rent hit a five-year high in August at $2,850, representing a 4.6 percent increase year-over-year, according to Miller Samuel data. In comparison, Manhattan median rents increased 1.8 percent year-over-year to $3,150. [more]

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  • From left: Bushwick, Brooklyn and David Behin, president at MNS

    From left: Bushwick, Brooklyn and David Behin, president at MNS

    Pioneering Bushwick developer Cayuga Capital is shopping a 90 percent interest in its seven-building portfolio in the neighborhood for $14 million, partly in order to raise cash for other projects, company executives told The Real Deal[more]

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  • MNS rental report August 2013

    MNS rental report August 2013

    Average rents in Manhattan increased 1.36 percent in August, or $51.90 per month, compared to July, according to data from the latest MNS monthly rental market report.

    Studio apartments — where average rents increased 3.64 percent month-over-month — and one-bedrooms — which saw  average rents jump 1.56 percent month-over-month — drove the upward growth, while two-bedrooms stayed relatively stable, nudging up 0.11 percent, the data show. [more]

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  • JonathanTagarMNSoffice

    The MNS office at 165 Bedford Avenue (inset: Jonathan Tager)

    UPDATED, 2:52 p.m., July 18: MNS has hired Jonathan Tager, who was most recently a sales agent in Los Angeles, as the managing director for its Williamsburg office, located at 165 Bedford Avenue, according to a release from the firm. [more]

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  • Figures from Citi Habitats

    Figures from Citi Habitats

    Rents in the County of Kings are matching the heat outside, as June apartment rents rose to what is likely the highest ever, while rents in Manhattan stayed firm, reports released today by leading residential brokerages show. [more]

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  • Rachel Weiss, now executive vice president at Douglas Elliman

    Rachel Weiss

    Move over, Brooklyn specialists. Douglas Elliman has hired a top agent from MNS, a brokerage with a strong Williamsburg presence, to head its Brooklyn Heights office, The Real Deal has learned today.

    Rachel Weiss, a 15-year industry veteran, had been MNS’ sales manager for such successful Williamsburg projects as the Edge, Northside Piers Tower 1 and North 8. She joins Elliman today with the titles of executive vice president and director of sales for the brokerage’s Brooklyn Heights office, according to a statement from Elliman provided exclusively to TRD. [more]

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  • From left: Alex Cho and Seth Hirschhorn

    From left: Alex Cho and Seth Hirschhorn

    Alex Cho, who managed MNS’ Chelsea office before heading up leasing at its Gramercy location, has left the firm to spearhead Citi Habitats’ relocation division at its flagship office.  [more]

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  • From left: Jennifer Johnsen of MNS, Ari Harkov of Halstead and a photo of the Edge and Northside Piers

    The wave of Williamsburg’s new development inventory has slowed to a small swell, with many boom-time projects finally selling out after years of fitful sales — and relatively few newly built condominiums coming online. As a result, neighborhood brokers who cut their teeth working at on-site sales offices are struggling to learn the business of resales and to build up a roster of clients, sources said. [more]

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  • MNS’ Chelsea and Gramercy locations, Jennifer Johnsen and Alex Cho (inset)

    While gearing up to open its newest Williamsburg outpost, residential real estate brokerage MNS has also been reshuffling personnel at two of its other offices. The goal is to consolidate its rental division at one location and build a more cohesive sales and rental team in its Chelsea retail space. [more]

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