Real Estate

Landlord had sought investor to rehab property and lure tenants The building located at 825 Third Avenue between E 50th and E 51st streets in Midtown Manhattan has been pulled from the market by the Durst Organization. Earlier this year,…

The former Montauk beach house of infamous Ponzi schemer Bernie Madoff has hit the market for $21 million. In 2009, the property was purchased from the feds by real estate mogul Steven Roth and his wife Daryl, a producer on…

A six-story townhouse on New York’s Upper East Side is listed for sale for either almost $30 million in US dollars or $45 million in cryptocurrency, the Wall Street Journal reported. Big time hedge fund manager and block chain investor…

In recent years there has been a dramatic increase in the number of vacant stores along the prime shopping strips in Manhattan. This has been do to a decline in rent rates, which have led many building owners to wait…

Bruce Ratner presented his ambitious proposal to City Hall in the beginning of 2003. His plan was to construct the biggest public-private real estate development to hit New York in over 20 years. Based on Frank Gehry’s design, Ratner planned…

On Friday, April 6, a filing with the Securities and Exchange Commission revealed that the Kushner family may have reached a deal to buy out its partner, the publicly traded Vornado Realty Trust, in their skyscraper at the infamous 666…

The scheduled shutdown of the L train is still a year away, but the imminent inconvenience is already affecting the rents in North Brooklyn in a negative way. In February, the neighborhoods of Greenpoint and Williamsburg, which are dependent on…

Throughout the cement jungle, filled with brick, glass and steel structures, there stands a few unique houses they are more suited for a small American town, than big busy New York City. Last week, The Post published an article that…

Now that NYC’s luxury condo market seems to be saturated and less eagerly sought after, office developers are stepping up to purchase the bulk of the available air rights, as reported in the NY Post. “For the first time in…

Gurney’s Montauk Resort and Seawater Spa is working on a deal to majorly expand its property again. As reported by the NY Post, the owners of the well-known seaside resort, George Filopoulos and Lloyd Goldman, are in talks to buy…

The competition between Brooklyn developments is still running ramped, pushing developers to offer concessions in order to fill units. At the moment, the borough’s tallest tower is a new 610-foot residential building in Downtown Brooklyn called the Hub. With nearly…

A deal is in the final stages for NYU Langone Medical Center to lease an office building on East 53rd Street to contain doctors’ offices and other clinical space, according to Crain’s multiple sources with knowledge of the transaction. The…

Developer Michael Paul Enterprises sold an Upper East Side property assemblage, a few blocks from Central Park, for $18.2 million. The properties sold at 163-167 East 62nd Street included the former home of actress Brooke Shields at 165 East 62nd….

A former factory that is now a three-story loft building, and has been the home of several artist, in Brooklyn’s trendy neighborhood of Williamsburg has gone on the market with an asking price of $52 million. The building is in…