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Despite the black mold and exposed wires, these Brooklyn-based landlords got a $14M HUD contract
November 15, 2018 10:00AM
When Borough Park, Brooklyn-based landlords Blima Isaacson and Eli Fish took over federally subsidized apartments in Hartford, Connecticut in 2016, living conditions dramatically worsened....
City on track to meet mayor’s affordable housing goals: NYBC report
November 15, 2018 07:00AM
The city is on pace to meet Mayor Bill de Blasio’s ambitious goals for affordable housing construction, according to a new report from the...
These are the main challenges to housing affordability in New York
October 26, 2018 09:30AM
A decade out from the financial crisis, housing affordability remains a thorny challenge in New York City. More investor purchases, fewer young homeowners and...
Three Manhattan apartment buildings sell for $60M in affordable preservation deal
October 25, 2018 09:00AM
Camber Property Group and Belveron Partners just picked up three northern Manhattan apartment buildings for $60 million. The companies purchased 287 Audubon Avenue in...
Developers bristle over Chicago’s new affordable housing rules
October 20, 2018 09:00AM
Last fall, when the city expanded its affordable housing requirements on apartment and condo construction in gentrifying areas, developers warned that new construction in...
Fake broker faces six years in jail for affordable housing scheme
October 11, 2018 06:00PM
A Sheepshead Bay woman who posed as a real estate agent will soon be moving into jail. Yelena Litvak was sentenced to six years...
The zip codes where millennials congregate
September 30, 2018 11:00AM
Millennials are increasingly moving west. CNBC ranked what areas saw the biggest influx of millennials between 2011 and 2016 by using a combination of...
“We overstated the pace:” Stringer admits flaws in affordable housing report
September 27, 2018 12:15PM
New York City Comptroller Scott Stringer’s recent report on affordable housing included a major calculation error. The report, which Stringer released at a Tuesday...
These are the world’s biggest housing market bubbles
September 27, 2018 09:47AM
Here we go again. Ten years after the financial crisis, many major housing markets worldwide are overvalued or at risk of a bubble. Chicago...
Hamptons Cheat Sheet: Oceanfront Montauk home lists for $48M … & more
September 25, 2018 05:45PM
Oceanfront Montauk home lists for $48M A home sitting on 36 acres in Montauk hit the market for $48 million, Curbed reported. The owner,...
New York has lost more than 400K affordable apartments since 2005: comptroller’s report
September 25, 2018 02:30PM
UPDATED, Sept. 27, 2018, 12:07 p.m.: Nearly 500,000 affordable apartments have vanished from New York City since 2005, according to a new report from...
Why developers can’t find tenants for certain “affordable” apartments
September 25, 2018 10:15AM
In a city grappling with an affordability crisis, thousands of hopeful tenants apply for a limited number of subsidized apartments. But some developers are...
Here are the details of Brookfield’s first Bronx development
September 06, 2018 04:15PM
Brookfield Property Partners plans to make 30 percent of its massive South Bronx development affordable housing. The company officially closed on its $165 million...
WATCH: Where you can buy a home in NYC for under $500 psf
August 31, 2018 08:00AM
They may be few and far between, but here’s a look at the ZIP codes in New York City where the average home...
This housing market is now pricier than
New York and D.C.
August 30, 2018 10:45AM
Skyrocketing home prices in Seattle have made it the third most expensive city in the country. The city falls behind San Jose and San...
LeFrak seeks to benefit from Opportunity Zones at SoLē Mia project
August 27, 2018 05:15PM
Tony Blair, Lloyd Blankfein, Steven Mnuchin and others gathered for a four-day conference in the Hamptons sponsored by the Milken Institute to talk about...
Starter home prices reach highest level in more than a decade
August 27, 2018 04:30PM
The barrier to entry for homeownership is on the rise. Starter homes are at the highest prices since 2008, Bloomberg reported. In the second...
As luxury stays sluggish, lower-end rentals are getting pricier
August 24, 2018 12:15PM
Rents are up across the city — but especially in less pricey neighborhoods. Between 2010 and 2018, the average rent increase citywide was 31...
A $500 psf home in New York? Here’s where to find it
August 22, 2018 09:00AM
Those with demands for an affordable residential home priced at $500 a square foot or less in New York City may be pleased to...
Undersupply of senior housing causes 10-year wait lists in San Fran
August 19, 2018 03:00PM
The housing crisis is hitting seniors and developers hard in San Francisco underscoring the need for age-restricted affordable housing. For one recent development in...
Seller of 421 Broome penthouse chops price, hires Elliman
SL Green nabs $150M loan for 2 Herald Square
This stretch of Fifth Avenue ranks as the world’s second priciest retail corridor
Acropolis Gardens, a Queens co-op mired in allegations of corruption and self-dealing, is tearing itself apart
Clipper Equity, Chetrit land $99M loan for “haunted” Brooklyn resi complex
November 2018 issue
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