January 2019 Issue

The Closing: Eliot Spitzer

Eliot Spitzer needs little introduction. Most know him as the New York governor who resigned in the wake of a prostitution scandal in 2008. But the 59-year-old — who has reinvented himself several times over — now runs the real estate firm his late father, Bernard, founded in the 1950s. Spitzer got his start in the public sector as a young lawyer in Manhattan District Attorney Robert Morgenthau’s office, where… [more]

Behind 550 Madison’s messy makeover

Craig Edward Dykers drove from Austin, Texas, to Manhattan as an architecture student in 1985 to see an … [more]

Brooklyn’s inventory balloon

When sales launched at the Baltic in Park Slope back in 2016, the condo building had the market to itself. But then things started softening, and more nearby … [more]

Elevated risk

It was a few hours before dawn… [more]

How it can go wrong

At least 22 people have been killed in passenger elevators or shafts in New York City since 2010. In that same span of time, there have been nearly 500 incidents,… [more]

Beyond Hudson Yards

As the largest private real estate development in the United States, Hudson Yards is a project every New York development company would dream of having its name on. At 18… [more]

Restoring Soho’s
sacred ground?

Hollister’s massive flagship in Soho is one of the first stores subway riders see when they emerge from the Broadway-Lafayette station. The six-story building at the corner of Broadway and… [more]

Raising the stakes
on homeless space

Just north of Yankee Stadium,… [more]

Real estate side gigs

On the evening of Dec. 3, the Corcoran Group’s Cathy Franklin rushed from showing a $22.5 million listing at One57 … [more]

New York’s McMansions
are definitely not dying

National Drive in Mill Basin, Brooklyn, is a museum of late-20th-century suburban hodgepodge: A modest … [more]

Splitting the difference

Commission splits are always a high-octane conversation in the residential brokerage world. And in this competitive market — one in which firms are being squeezed every which way — companies… [more]

Selldorf goes subtle

In its quiet and unassuming way, 21 East 12th Street is one of the better buildings, from an architecture standpoint,… [more]

Residential market report

Home sales slump across NYC as tax law kicks in Manhattan and Brooklyn saw home sales decrease each quarter for the last year amid a region-wide sales dip,… [more]

Commercial market report

Fifth Avenue slips from first place in global retail markets New York’s Fifth Avenue has lost its crown as the world’s most expensive retail street, according to an … [more]

Editor’s note: Public servant, private developer

Donald Trump went from being a New York City developer to occupying the highest political office in the country. Eliot Spitzer moved in the opposite direction and went from the… [more]

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