Real estate in brief

TRD New York /
Feb.February 02, 2010 12:33 PM

Upper West Side multi-family building sells for $8M

An Upper West Side, 36-unit multi-family building has closed for $8 million, after two months of negotiations, according to a press release from GFI Realty, which represented both buyer and seller. The rent-stabilized building, located at 329 West 101st Street between West End Avenue and Riverside Drive, was purchased by an unidentified buyer for around $345 per square foot. The deal was reportedly made off-market, according to , who represented the seller (another broker at GFI worked on behalf of the buyer). “This property had not been sold in 22 years, however my client received an offer that he could not refuse,” Shulem Paneth, who represented the seller, said in a written statement. Another agent at GFI worked on bahalf of the buyer. “We completed the deal in just 60 days, completely off-market.”

Hamptons real estate trade organization names new president

Joshua Horton, a senior managing director with the Corcoran Group, has been named the 2010 president of the Hamptons and North Fork Real Estate Association, a non-profit trade organization, according to a press release sent today by HANFRA. Horton, who focuses largely on the Shelter Island, North Fork and Westhampton Beach markets, is a 12th generation East End native, according to his Corcoran profile, and was previously the town supervisor for Southold.

Former director of construction for Department of Sanitation fined

A former director or construction for the New York City Department of Sanitation was fined $6,000 for multiple violations of the city’s conflicts of interest law, according to a press release from the city’s Conflicts of Interest Board, an independent non-mayoral agency that acts as the ethics board for the city and enforces conflicts of interest law (see press release and complaint below). The former director, Jacob Holchendler, admitted asking a lower-ranking sanitation department employee to perform personal tasks for him, asking a subordinate to certify a notification form mandated by the Department of Buildings in order for him to remodel his home and obtaining two summer positions for his son with firms with business dealings with the agency. TRD

Press Release & Disposition (DSNY)

Related Articles

49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

Corcoran to shut down office in building partly owned by Barbara Corcoran

Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)

Welcome to Queens: Corcoran opens first borough outpost

Corcoran CEO & President Pamela Liebman (Credit: iStock)

Corcoran begins new lead-gen push via Facebook ads

Citi Habitat president Gary Marlin and Corcoran president Pam Liebman (Credit: Corcoran)

Corcoran, Citi Habitats to merge

DOB Commissioner Melanie La Rocca (inset) (Credit: iStock)

After façade deaths, city considers using drones for building inspections

Joseph Chetrit and 88-20 153rd Street (Credit: Getty Images, Google Maps)

Chetrit plans fifth apartment building at Jamaica hospital site

136-18 Maple Avenue (Credit: Google Maps)

Flushing real estate boom continues with another mixed-use project

Central Park Tower

Lendlease disputes city’s penalty in 2018 death at Central Park Tower