Real estate in brief

80 Metropolitan gets FHA approval ... and more

TRD New York /
Feb.February 09, 2010 03:02 PM

80 Metropolitan gets FHA approval

New Williamsburg condominium 80 Metropolitan has been approved for Federal Housing Administration financing, according to a press release sent on behalf of the developer, Steiner NYC, which will allow buyers to make down payments as small as 3.5 percent. The development, which is 50 percent sold, is being marketed by Halstead Property and features 114 loft residences and nine townhouse style homes.

Community groups protest NYU zoning exemption

The New York City Board of Standards and Appeals approved zoning exemptions that will allow New York University to build its proposed spiritual center at the intersection of Washington Square South, West 3rd Street and Thompson Street. Several community advocacy groups are protesting the move, including the Greenwich Village Society for Historic Preservation, which released a written statement today denouncing the decision. The school does not have a “programmatic need” to justify the construction, according to the historical group, which feels the proposed facility could result in a blight on the community.

Metropolitan Realty gets $23.5M in financing

Metropolitan Realty Associates and its equity partner Angelo Gordon & Co. have received $23.5 million in financing for its 188,500-square-foot mixed-use Garden City development, according to a press release sent today by Metropolitan. The development, which Metropolitan purchased in 2005, completed its total renovation in January 2007. Tenants at the complex include Lifetime Brands, Home Medical Equipment and Nassau Community College. TRD


Related Articles

arrow_forward_ios
Stay-at-home orders and virtual classes have asked serious questions of the once-booming market for student housing. (Photo: University of North Carolina at Chapel Hill via Getty)

Quiet dorms and distress storms: Student housing sector takes hit

Quiet dorms and distress storms: Student housing sector takes hit
Hear from economist Sam Chandan on tonight’s TRD Talks Live

Hear from economist Sam Chandan on tonight’s TRD Talks Live

Hear from economist Sam Chandan on tonight’s TRD Talks Live
TriArch Real Estate Group founder Chris DeAngelis and Pebb Capital principal James Jago

Student housing property near NYU trades for $104M

Student housing property near NYU trades for $104M
From left: Stephen Ross, Scott Rechler, Maryanne Gilmartin, Marty Burger and William Rudin (Credit: Anuja Shakya for The Real Deal)

Unions at bay, but hostility for real estate worse than ever

Unions at bay, but hostility for real estate worse than ever
Cracking the university real estate code

Cracking the university real estate code

Cracking the university real estate code
LIC warehouse that sold for $55M last year just traded for $72M

LIC warehouse that sold for $55M last year just traded for $72M

LIC warehouse that sold for $55M last year just traded for $72M
Real estate has found its answer to startup culture in Opportunity Zones, panel says

Real estate has found its answer to startup culture in Opportunity Zones, panel says

Real estate has found its answer to startup culture in Opportunity Zones, panel says
Real estate execs say Amazon “is great” for New York but question if the city’s infrastructure can sustain new residents

Real estate execs say Amazon “is great” for New York but question if the city’s infrastructure can sustain new residents

Real estate execs say Amazon “is great” for New York but question if the city’s infrastructure can sustain new residents
arrow_forward_ios

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

Loading...