July 2017 Issue

Life after Croman

UPDATED, July 6, 4:44 p.m.: In 2002, Steve Croman, a slick broker-turned-landlord who had amassed an enviable portfolio of Manhattan rental buildings, set his sights on a pair of Upper East Side walk-ups on 72nd Street near Central Park. It was there that he and his wife, Harriet, began building their dream home, evicting tenants from 23 apartments to create a 19,000-square-foot mansion with eight bathrooms and a rooftop pool. But… [more]

Lender liability

When a landlord is implicated in a tenant–harassment case, it’s usually their name — and their name alone — that makes headlines. Such was the case with Raphael Toledano at… [more]

New York underwater

When President Donald Trump announced in June that the United States would pull out of the Paris climate accord, New York developer Jonathan Rose sensed that something more than an… [more]

Battling it out in the Bronx

Real estate news about trophy penthouse sales in Manhattan and new high-end condo projects in Brooklyn has become virtually inescapable. And in many cases, the agents who broker those deals… [more]

Conquering the market
in Queens

Real estate news about trophy penthouse sales in Manhattan and new high-end condo projects in Brooklyn has become virtually inescapable. And in many cases,… [more]

Aby Rosen’s brazen battles

Would Aby Rosen agree to an interview? Yes, his publicist said on a recent Thursday. Then came the catch: He was traveling and might be hard to pin down. The… [more]

Roommates aren’t just for millennials

In the bedroom that Andrew Kim shares with his girlfriend, Michelle, and their pug, Emilio, there is a 60-inch TV mounted on the wall, a vanity for Michelle and an… [more]

Is co-living’s awkward phase permanent?

The nondescript, three-story brick apartment building at 576 Marcy Avenue in Bedford-Stuyvesant might seem like a youth hostel to the untrained eye…. [more]

The Closing: Nathan Berman

Nathan Berman is the managing principal of the Manhattan-based Metro Loft Management, which he founded in 1997. The developer — who’s been called the King of FiDi — has been… [more]

Commission competition ramps up

When Upper East Side socialite Shafi Roepers decided to relist her co-op at the exclusive 4 East 66th Street this spring, she called power broker Serena
[more]

Brooklyn office bust?

When Brooklyn’s most heralded startup, the online marketplace Etsy, inked a 200,000-square-foot lease at Dumbo Heights in July 2014, many saw it as confirmation of a long-held hypothesis: If landlords… [more]

Re-penning the nation’s busiest transportation hub

When Vornado Realty Trust, Related Companies and Skanska finalized a deal with New York State for the creation of a $1.6 billion train hall at the old… [more]

Kushner (the musical) on ice

When White House adviser and Donald Trump son-in-law Jared Kushner spoke publicly for the first time in his current role in June, many felt underwhelmed. Six months of “palace intrigue”… [more]

Self-storage surge

Self-storage in New York City has never been considered one of the “major food groups” of commercial real estate. The name itself conjures up images of seemingly endless rows of… [more]

Editor’s note: Landlords behind bars

A push toward looser business regulation might be the trend these days in Washington, D.C., but in New York City, it’s been a little different, especially when it comes to rental… [more]

Better late than never? Top brokers make do with a shorter sales season

Zachary and Cody Vichinsky, the upstart duo that three years ago launched… [more]

Going high on the East End: Ranking the priciest deals

The luxury East End housing market has waned in the last year, following a national trend, but there are plenty of homes that are still selling for a pretty penny…. [more]

Luxury rental listings are lingering longer and longer

To the average American, spending $1 million on a summer rental is unfathomable. And this year, much to the chagrin of brokers across the East End, it seems as though… [more]

Revisiting short-term rental laws, a year later

A year ago, the East Hampton real estate market was awash in fears that the crackdown on Airbnb and other… [more]

Fashion and furnishings lead a retail revival in Southampton

This summer it will be baskets and butcher blocks, plus maybe a few (fancy) books, at the former Rogers Memorial Library in Southampton. One Kings Lane will be setting up… [more]

All in the details: For this architect, luxury means less, not more

Architect Andre Kikoski has a vision for contemporary luxury: It’s the… [more]

The jury’s still out on StreetEasy’s move east

How StreetEasy manages Hamptons Real Estate Online (HREO) is top of mind for East End brokers these days — and although they seem generally pleased… [more]

Digging into the Hamptons’ biggest projects

It’s not a secret that in the Hamptons, it can take awhile to get things done. Long Island’s East End is a region known for its luxury housing and rural… [more]

Having it their way in the Hamptons

For about a year, Michael Bloomberg, the billionaire former New York City mayor and a Hamptons habitué, has been trying to reroute a road that runs… [more]

Bringing down the house, from teardowns to turnkeys

Over the past three years, the Hamptons has seen an unprecedented spike in new home construction, with buyers ordering up their dream beach homes on… [more]

East End hotels are summer-ready after slick renovations

With high demand and slim supply, it’s no surprise that rooms on the East End during the summer season go for a premium and sell out quickly, especially… [more]

Famous faces and infamous houses

Listings Dick Cavett lists Montauk home for $62 million At $62 million, making it one of the priciest listings to hit the… [more]

Editor’s note: A cut above

Underneath the laid -back, beachy vibe the East End has cultivated on its sandy shores all these years, beyond the pristine and glittering waters it presents as its public face,… [more]

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