The Real Deal New York

Posts Tagged ‘mns’

  • David Behin

    From left: David Behin and Letitia James

    UPDATED, 6:40 p.m., Nov. 23: New York City Public Advocate Letitia James released her annual “Worst Landlord Watchlist” Monday, and it featured at least one landlord who was wrongly included — MNS Real Estate partner David Behin.

    The list features property owners around the city who have racked up the most violations relative to the number of apartments they own. It’s meant to expose those landlords in the hope that they will fix up their buildings, as well as providing a resource for tenants. [more]

  • MNS closes only Manhattan office

    October 12, 2015 04:00PM
    MNS Real Estate's new Brooklyn office at 102 North Sixth Street, with Andrew Barrocas and David Behin

    MNS real estate’s new Brooklyn office at 102 North 6th Street, with Andrew Barrocas and David Behin

    Sayonara, Manhattan! MNS real estate is leaving the borough behind as it shifts its strategy to focus on new developments in the outer-boroughs.

    The mid-sized brokerage vacated its 6,140-square-foot office at 115 East 23rd Street in Gramercy when the lease expired in September, and has moved its corporate headquarters to 102 North 6th Street in Williamsburg. [more]

  • Rendering of 1209 DeKalb Avenue in Bushwick (inset:

    Rendering of 1209 DeKalb Avenue in Bushwick (inset: Andrew Barrocas)

    An influx of residential development in Bushwick is having an effect on the neighborhood’s rent prices — which dropped 16 percent on average over the past year as the number of apartments on the market quadrupled. [more]

  • From left: 508 West 24th Street and 151 West 21st Street in Chelsea, 255 Columbia Street in Cobble Hill

    From left: 508 West 24th Street and 151 West 21st Street in Chelsea, 255 Columbia Street in Cobble Hill

    Chelsea was the most active Manhattan neighborhood for new development sales in the fourth quarter of 2014, while Boerum Hill and Cobble Hill were Brooklyn’s top new development sellers, according to a new report from residential brokerage MNS.  [more]

  • A one-bedroom unit at 888 Fulton Street in Clinton Hill that's asking $2,850

    A one-bedroom unit at 888 Fulton Street in Clinton Hill that’s asking $2,850

    A surge of renters signed new leases in Brooklyn last month – a sign that rising prices citywide are pushing people farther into the outer boroughs. [more]

  • Map

    Roughly 600 apartments are headed to South Williamsburg by the end of next year. Check out the interactive map after the jump.

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  • 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]

  • 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]

  • 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]

  • triangle-court

    456 Grand Street in Brooklyn

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

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]