The Real Deal Tristate

March 2020 Issue

A divided suburbia: Race, class, and the endless struggle for affordable housing

As the Trump administration rolls back fair-housing rules, developing for affordability in the suburbs remains a fraught topic

Last November, a 40-year fight over an affordable housing development in Long Island — a legal battle that had gone all the way to the Supreme Court — finally came to a vote. Despite locals arguing for decades that it would cause traffic and crowd schools, Suffolk County legislators allocated $2.4 million to the 146-unit project in East Northport, a hamlet in the town of Huntington. For many proponents, the … [more]

Compass yet to unseat the brokerage elite in the tri-state region

Despite recruiting top producers and acquiring a myriad of firms, the venture-backed brokerage hasn’t cracked 10 percent market share in the Hamptons or Westchester: TRD analysis

Heather and Zachary Harrison weren’t looking to sell their Platinum Drive Realty brokerage in 2017 when suitors began lining up, first Douglas Elliman and then Coldwell Banker. Then they met … [more]

Airbnb's toughest battles with towns in the tri-state region

The home-sharing company’s relationship with some local municipalities is fraught at best, and as it prepares to launch an IPO, Airbnb’s fight to operate legally in the region is more crucial than ever

Shelter Island was caught in a crosscurrent. In 2019, a couple of years after local officials slapped limits on short-term rentals, some homeowners were still furious. The law forbade any … [more]

2019's biggest commercial trades in the tri-state region

A mega multifamily portfolio and red-hot industrial properties were among the priciest trades of 2019

The suburbs may seem sleepy in comparison to Gotham itself, but the appeal of real estate right outside the New York City is known as far as a hemisphere away. … [more]

Watch your language: Words brokers shouldn't be using in 2020

Commonly used phrases in home-selling are getting phased out as their origins and exclusionary assumptions gain scrutiny

UPDATED March 6, 3:13 p.m.: You’re in the middle of a home showing, in the master bathroom, and you catch yourself about to say to your clients, a same-sex couple, … [more]

Westchester’s top brokerages and brokers

Buyers are back, and the sellers are ready to make a deal

After a period of fear and loathing over potential impacts of the 2017 federal tax law, buyers are coming back to the table in Westchester. The top brokers and brokerages … [more]

Yonkers goes bonkers: Inside the city's development boom

Thanks to loads of tax incentives, construction is going strong in Westchester’s southern city

A decade or so ago, local builders like Ginsburg Development Corporation’s Martin Ginsburg created the initial spark for redevelopment in Yonkers, which has since ignited a full-blown boom. Now regional … [more]

These Yonkers developments are coming soon

Yonkers is abuzz with projects that stand to remake the whole vibe of the city. Here’s a look at a few of the biggest projects coming soon. 57 Alexander Street … [more]

The Brady hunch: Is THIS the house Tom Brady (maybe) bought in Greenwich?

After months of rumors, TRD may have found the house where the Patriots QB will supposedly touch down in Greenwich

The rumors got the snap in July, gained traction in November and broke free into the open field in January: New England Patriots quarterback Tom Brady and supermodel Gisele Bündchen … [more]

Jersey Boys: Why Kushner Companies always bets big on their home state

Amid expansion in Maryland, Virginia and South Florida, locally founded Kushner Companies closes on large local portfolio

The multifamily market in New York City may have just suffered through one of its slowest years in recent memory, but things are not nearly as bleak across the river … [more]

Long Island’s biggest landlord gets even bigger

Fairfield Properties’ mammoth portfolio buy solidifies the firm’s dominance in the island’s multifamily market, as competitors focus on building new transit-oriented inventory

In a nearly half-billion-dollar deal, Fairfield Properties, owned and led by the Broxmeyer family, acquired a seven-property portfolio with 1,496 units last year, further cementing the firm’s stature as the … [more]

Why transportation-oriented developments is finally flourishing in Long Island

For as long as many can remember, NIMBYism has been the dominant attitude among Long Island communities where developers have sought to launch their multifamily projects. Complaints of increased traffic … [more]

Bae of light: One LI broker's quest to educate the public on selling solar homes

Broker Christina Mathieson has made a career out of training sellers of solar homes on how best to market their properties

UPDATED: March 10th, 2:15 p.m. Christina Mathieson is known on Long Island as “the solar lady.” An agent with Keller Williams Realty of Greater Nassau, she is a LEED Green … [more]

Why Hamptons brokers are freaking out over the summer rental season

A far-reaching state law could ding Hamptons landlords ahead of the most important season of the year

Hamptons landlords are scrambling to protect themselves from the possible effects of New York state’s rent law, which set New York City brokers into a tizzy ever since it passed … [more]

Editor's note: “Not in my back yard”

The Winter 2020 edition of The Real Deal’s Tristate issue is live for subscribers! Below, Special Issues Editor Heidi Patalano gives you a look at what’s inside the issue: From … [more]

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