Real estate in brief

New York /
Feb.February 04, 2010 10:46 AM

FHA approves new Harlem development

A new 12-story Harlem development, 2280 FDB, has been approved for Federal Housing Administration’s financing, according to a release sent by developer RGS Holdings and Halstead Property Development Marketing, the development’s sales team. With the newly-granted FHA-backed loans, buyers will be able to purchase units at 2280 FDB with down payments ranging from 5 to 10 percent. The development, located at 2280 Frederick Douglass Boulevard at the corner of 123rd Street, contains 89 units, ranging from one- to three-bedrooms and prices ranging from $395,000 to $1.33 million.

Former Clarrett exec launches urban development advisory group

Daniel Hollander, the former senior managing director of the Clarett Group, has launched a new, nationwide investment and development consulting firm headquartered in New York City. The company, Daniel Hollander & Associates, will focus on urban real estate projects “across all property types,” according to a release sent yesterday. Hollander, who, prior to working with Clarett, spent 12 years working in the development of affordable housing in New York and Chicago, said that urban development requires an extra level of understanding on the part of the principals and stakeholders, in order to be successful. “The need… for the experience and hands-on know-how that a seasoned real estate consulting firm can provide has never been greater than it is today,” Hollander said in a written statement.

Vacation company to liquidate Times Square condo in bankruptcy auction

Sheldon Good & Company is set to auction off a one-bedroom, one-bathroom condo at 1600 Broadway on March 19, one of seven residences set to be auctioned as part of the High Country Club’s Chapter 7 bankruptcy liquidation. The individual and vacation residences in High Country’s portfolio are located across the country in New York City and Florida, among other locales. The properties, which High Country had purchased at prices ranging from $690,000 to $1 million, will have opening bids as low as $150,000. The auction will take place in Denver, but out of town bidders will be able to participate via Proxibid. TRD


Related Articles

arrow_forward_ios
From left: Council member Kristin Richardson Jordan, developer Bruce Teitelbaum and a rendering of the planned One45 development (Getty Images, One45, iStock)
Council member calls 40% affordable project “slap in the face”
Council member calls 40% affordable project “slap in the face”
Bruce Teitelbaum, CEO of RPG, along with a rendering of One45 at 145th Street and Lenox Avenue (Getty Images, RPG, iStock)
With Sharpton out, developer scrambles to save massive Harlem project
With Sharpton out, developer scrambles to save massive Harlem project
Council member Kristin Richardson Jordan and New York City Department of City Planning's Dan Garodnick (Getty Images, One45, NYC.gov Department of City Planning, Illustration by Kevin Cifuentes for The Real Deal)
Harlem resi towers project heads to contentious Council vote
Harlem resi towers project heads to contentious Council vote
Louise Blouin and 366 Gin Lane (Getty Images, Sotheby's International Realty)
Spectacular Hamptons estate heads to auction
Spectacular Hamptons estate heads to auction
Frederic Bouin in front of 721 Fifth Avenue (Getty Images, Google Maps, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Trump Tower condo shielded from ex-wife up for auction
Trump Tower condo shielded from ex-wife up for auction
New York Lieutenant Gov Brian Benjamin (Getty)
Lt. Gov. Brian Benjamin resigns in real estate donor scandal
Lt. Gov. Brian Benjamin resigns in real estate donor scandal
New York Lieutenant Governor Brian Benjamin (Getty, iStock)
Lt. Gov. Brian Benjamin arrested in scandal involving real estate investor
Lt. Gov. Brian Benjamin arrested in scandal involving real estate investor
Arm & Hammer founder John Dwight and 32 Mount Morris Park W (Zillow, Public domain, via Wikimedia Commons)
Harlem townhouse fetches neighborhood record price
Harlem townhouse fetches neighborhood record price
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...