The Real Deal New York

  • From Luxury Listings NYC:  Brokers work hard to set their listings apart. But read two or 20 listings, and it all begins to melt into the same old over-the-top babble. So LLNYC decided to gather the text from the 25 priciest listings in the city to cut through the noise and discover what NYC’s high-end real estate is really all about. [more]

  • Nigerian mogul’s One57 apartment connected to money-laundering probe

    A Nigerian court has attempted to freeze Kola Aluko assets, including his $51M penthouse
    February 25, 2017 04:24PM
    Kola Aluko and One57

    Kola Aluko and One57 (credit: Twitter)

    Nigerian energy mogul Kola Aluko is $25,000 past due on the property tax bill for his apartment on the 79th floor of One57. But that’s the least of his problems. A Nigerian court recently attempted to freeze Aluko’s assets — including his $51 million apartment at One57 — as part of a money laundering probe. [more]

  • Melia Robinson/Business Insider

    Melia Robinson/Business Insider

    From Luxury Listings NYC: Like a true New Yorker, expensive eatery Eleven Madison Park is headed to the Hamptons this summer, while their Manhattan location — famed for its $295 tasting menu — is closed for renovations. [more]

  • From the archives: “Diary of a Real Estate Rookie”

    A fresh look from the front
    February 25, 2017 01:52PM By Linden Lim

    Alison Rogers

    As Alison Rogers indicates in her new book, “Diary of a Real Estate Rookie,” the hottest real estate market in the country is also the toughest.

    The former New York Post editor shares her many adventures — and misadventures — as a struggling New York real estate agent during her first year in the business. Read the full story from the June 2007 issue here.

  • Inside TheRealDeal
  • Maya Lin-designed Tribeca mega-mansion to hit the market

    The 20,000-square-foot house will ask $35M, plus another $15M to develop
    February 25, 2017 12:30PM TRD WEEKEND EDITION

    Rendering of 11 Hubert Street in TriBeCa (inset: Maya Lin)

    It’s been ridiculed for looking like a piece of Swiss cheese, but Maya Lin’s new Tribeca building is now set to hit the market as the largest mansion in the city. [more]

  • Fire hits Jacob’s Pickles building

    The fire spread to local favorite Jacob's Pickles
    February 25, 2017 11:30AM
    The fire at 511 Amsterdam Avenue via Mellowed Atheist (@AnAtheistOpines) on Twitter

    The fire at 511 Amsterdam Avenue via Mellowed Atheist (@AnAtheistOpines) on Twitter

    UPDATED, 6:42 p.m., Feb. 25: A fire broke out just after 6 p.m. yesterday on the third floor of 511 Amsterdam Avenue, between 84th and 85th streets. The blaze quickly spread to other apartments and the neighboring building at 509 Amsterdam Avenue. Five people were injured. [more]

  • A rendering of Apple’s “spaceship” campus in Cupertino

    Apple just released drone footage of its new campus, and it looks incredible. The spaceship-like facility will be called “Apple Park,” and employees should be able to move in starting this April. [more]

  • Tracing city wealth subway station to subway station

    The Chambers Street 1 train station has the city’s highest median income
    February 25, 2017 09:26AM TRD WEEKEND EDITION

    From Luxury Listings NYC: NYC is one of the richest places on planet earth, with 79 billionaire residents collectively worth $364.6 billion. But New York is also packed with folks who are just barely getting by. And one way to see the drama of outrageous wealth and tremendous poverty in NYC is to hop aboard the subway. [more]

  • Hager shopping W’burg site of planned Trader Joe’s: sources

    Sale would mark the second time the property has traded since the chain inked a lease agreement in 2015
    February 24, 2017 06:44PM By Will Parker

    206 Kent Avenue

    Isaac Hager’s Cornell Realty Management filed plans Friday for a new, six-story building in Williamsburg, but would prefer to sell the site, sources told The Real Deal.

    The long-stalled waterfront site at 200-206 Kent Avenue is supposed to become the home of a new Trader Joe’s, which signed an 18,000-square-foot lease with the previous owner, Mike Kohn’s Alliance Private Capital Group, in 2015. [more]

  • Copperline raises $75M on the Israeli bond market

    Developer raised $85M in a 2015 offering
    February 24, 2017 06:42PM

    The Schlesinger family’s Copperline Partners raised $75 million on the Israeli bond market this week. [more]

  • Airbnb revenue in black neighborhoods mostly goes to white hosts: study

    Startup says it's benefiting minorities in 72 communities, but Inside Airbnb claims few actually reap the rewards
    February 24, 2017 05:45PM By Rich Bockmann

    Airbnb Founders Joe Gebbia, Nathan Blecharczyk and Brian Chesky (Credit: Getty Images)

    As it waged an ultimately unsuccessful fight last year against legislation aimed at curtailing illegal short-term rentals, Airbnb orchestrated a public relations campaign painting the tech startup as a champion of middle class New Yorkers who rent out their homes to help make the ends meet. [more]

  • Another Brazilian model lists her apartment in Tribeca for $3.5M

    Jeisa Chiminazzo paid $1.65M for the pad in 2009
    February 24, 2017 05:20PM By Isabel Schwab

    Summer Friday’s 😈

    A post shared by Jeisa Chiminazzo (@jeisachiminazzo) on

    From Luxury Listings NYCWe guess the New York winters are just too much for these Brazilian models. Just three weeks ago, Brazilian supermodel Caroline Trentini listed her East Village apartment for $3 million, and now, her fellow model Jeisa Chiminazzo is doing the same thing. She just listed her apartment at 53 Warren Street in Tribeca for $3.5 million. [more]

  • From the February issue’s “In their words” feature, a roundup of the funniest and most insightful comments on real estate:

    To read other smart and/or funny sayings, click here for the full feature.

  • Madison Capital gets $51M Mesa West loan to buy Flatiron ground lease

    11-story office-and-retail building at 71 Fifth Avenue is fully occupied
    February 24, 2017 04:20PM By Mark Maurer

    71 Fifth Avenue in the Flatiron District and Richard Wagman

    Madison Capital scored a $51.4 million loan from Mesa West Capital for its purchase of the ground lease at 71 Fifth Avenue, property records filed with the city Friday show. [more]

  • Developer files plans for 43-unit South Bronx building

    The 31K sf apartment building will fill previously vacant land
    February 24, 2017 04:00PM By Ben St. Clair

    1181 Sherman Avenue (Cedit: Google Maps)

    Private developer Paul Gjonaj filed plans to build a 43-unit apartment building in the South Bronx, according to property records filed with the city Friday.

    The proposed six-story, 30,749-square-foot building at 1181 Sherman Avenue lies on a vacant lot just east of the Grand Concourse and south of 167th Street. Plans show the building would feature eight apartments on each of the top five floors and a recreation room on the first floor. Badaly Architects will design the project. [more]

  • JDS, Chetrit land $135M loan for Brooklyn’s tallest tower

    Bank of the Ozarks, Melody provided fresh debt
    February 24, 2017 03:35PM By Katherine Clarke

    From left: Joseph Chetrit, a rendering of 9 Dekalb Avenue and Michael Stern

    JDS Development and the Chetrit Group are one step closer to making their Downtown Brooklyn mega-tower a reality. [more]

  • Deadwood: Plans for SHoP’s Chelsea wooden tower scrapped

    Ownership team dissolves partnership at 475 West 18th Street
    February 24, 2017 03:15PM By Kathryn Brenzel

    475 West 18th Street (Credit: SHoP Architects)

    Talk about logging off.

    After much fanfare about the potential future of wooden high-rises, developers have scrapped plans to build the city’s tallest wooden condominium tower in Chelsea, The Real Deal has learned. [more]

  • Roku streams into new Big Apple office

    Streaming TV player signs 16K sf lease at Equity Office’s 114 West 41st St
    February 24, 2017 03:00PM

    114 West 41st Street (Credit: Equity Office)

    Television streaming service Roku is turning up the dial on its office in New York City.

    The company signed a lease for 15,931 square feet at Equity Office’s 114 West 41st Street, the Commercial Observer reported. The asking rent was not provided. [more]

  • Stung by losses, Realogy vows to become “recruiting machine”

    Corcoran and Sotheby’s sales volume dipped 7 percent in 2016
    February 24, 2017 02:30PM By E.B. Solomont

    From left: Richard Smith, Pam Liebman and Peter Sobeck

    After hemorrhaging agents in recent years, real estate behemoth Realogy vowed last year to regain its edge by aggressively hiring back top brokers. On Friday, CEO Richard Smith took it up a notch and pledged the company would become a “recruiting machine.”

    “Don’t think there’s a start and finish to our recruitment efforts, we’re going to continue,” Smith said during an earnings call. “We’re turning this company into a recruiting machine and that’s not going to stop.” [more]

  • Bar Works scrubs mystery CEO’s name from docs, continues to raise money

    Co-working company has ties to alleged Ponzi schemer Renwick Haddow
    February 24, 2017 02:00PM By Konrad Putzier

    From left: Franklin Kinard, Bar Works spaces and Renwick Haddow (Credit: Bar Works)

    Just weeks after The Real Deal published an investigation revealing ties between Bar Works and a British investor accused of running a Ponzi scheme, the co-working company continues to solicit money and open new locations. But the company has now scrubbed the name of its CEO from company documents after TRD raised questions about his identity. [more]