July 2019 Issue

Game over

Before climbing into bed on June 11, Robert Nelson found himself bracing for a “horror show.” The leaders of the state Senate and Assembly had just announced that they’d reached an agreement to radically tilt rent regulations in favor of tenants, curbing how landlords in the city could increase rents on roughly 1 million stabilized apartments. “My heart dropped. I was in disbelief,” Nelson said. “That was a really poor… [more]

Brutal brokerage realities

With New York’s new rent laws jolting the real estate business, commercial and residential brokers that focus heavily on multifamily properties are … [more]

NYC’s billionaire buyers

Nikki Field felt certain that she’d already laid eyes on the buyer of the penthouse at 212 Fifth Avenue. Looking with a forensic lens at her sign-in sheet last May,… [more]

Talking to Toll

David Von Spreckelsen is the head of Toll Brothers City Living, the urban arm of the national homebuilder Toll Brothers. The company is currently selling… [more]

Who are Jeff Bezos’
new neighbors?

Developer Robert Gladstone’s luxury condo 212 Fifth Avenue got a major … [more]

Commercial mortgage-backed insecurities

The six-story building at 600 Broadway had long served as an informal… [more]

The Closing: Jumaane Williams

Jumaane Williams is New York City’s sixth public advocate, a role that has infuriated many local real estate players since at least 2010 — when the office began… [more]

Cleanup brokers

Prewar. Park Avenue. Spacious. The four-bedroom co-op with a beamed ceiling and library on the Upper East Side seemed to check a lot of boxes. But buyers… [more]

Buoyed by the boroughs

While many of the top agents on this ranking have stuck to the rarefied world of Manhattan real estate, others (particularly the largest of the teams) have aggressively ventured into… [more]

Chief Closers: The city’s 50 leading residential brokers

This month, The Real Deal ranked the top 50 residential brokers in Manhattan, Queens and Brooklyn. Check out the chart below: Source: TRD analysis of closed sales on LavaMaps, StreetEasy and from firms…. [more]

Brooklyn Barons: The top 10 residential brokers in Brooklyn

This month, The Real Deal ranked the top 10 residential brokers in Brooklyn. Check out the chart below: Source: TRD analysis of closed sales on LavaMaps, StreetEasy and from firms. Includes Manhattan, Queens… [more]

One Vanderbilt goes viral

In SL Green Realty’s latest annual report, company CEO Marc Holliday told shareholders that leasing at… [more]

Residential market report

Manhattan’s muddled luxury market A rough year for the top of Manhattan’s residential market may have started to see a turnaround near the midway point of 2019…. [more]

Commercial market report

Multifamily sector braces for a new era New York City’s slow multifamily market continued into spring with just 75 deals during the first quarter, the smallest number since the third… [more]

Editor’s note: Welcome to
the Rent-pocalypse

Landlords are now going to be so poor, they won’t be able to afford the rent, just like their tenants. Well, not really. But the real estate industry did get… [more]

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