The year ahead for Manhattan’s struggling condo projects
Developers have been saddled with an oversupply of new condos for years, and now — thanks in part to...
Manhattan Luxury Market
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Tribeca condo with bumped-up asking price tops Manhattan contracts
After Tom Brady and Gisele Bündchen sold their home at 70 Vestry Street for more than what they paid,...
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The stars and czars who’ve bought at 220 Central Park South
The whale Vornado didn’t plan a 23,000-square-foot quadplex at its trophy property, but Citadel’s Ken Griffin changed those plans....
Issue
220 Central Park South crossed $1 billion in profits to become the world’s most successful condo. How did it get there?
If not for 220 Central Park South, Vornado Realty Trust’s recent financials would have been a horror show. Vornado, one of New York City’s...
Blow to luxury market from Covid worse than impact of 9/11
Covid-19 has dealt a blow to New York’s luxury real estate market that is worse than the 2008 financial...
SJP’s former townhouse tops luxury contracts in Manhattan
A townhouse that once belonged to Sarah Jessica Parker was the priciest property to go into contract last week...
HNA’s fire sale continues with One57 deal
HNA Group has sold a third condo unit at One57 at a significant loss, the latest in a long-running series of trophy dispositions for the once high-flying Chinese conglomerate. An entity affiliated with the...
“Lonely lotto winners”: Luxury contracts fall again in Manhattan
After a brief glimmer of activity, luxury deals have fallen again in Manhattan. There were just two contracts signed...
“We’re exploring everything”: Ceruzzi’s UES condo under pressure after loan falls through
Ceruzzi Properties is struggling to secure a lifeline at its Hayworth condominium on the Upper East Side, as the pandemic heaps pressure on overstocked...
Former Twitter CEO scores sprawling Soho co-op for $8M
Former Twitter CEO Dick Costolo and his wife Lorin have picked up a spacious Soho pad for $8 million...