Category : Featured

Bushwick gets its first passive house
FeaturedResidential

Bushwick gets its first passive house

REW
by REW892
An industrial section of Bushwick is getting some much-needed greening with the addition of two new energy-efficient rental buildings. The first, at 424 Melrose Street, is an affordable housing project developed by The Ridgewood Bushwick Senior Citizens Council and The United Mennonite Church, which owned the site and several other buildings in Bushwick. The 24-unit project, which was financed by TD Bank, also had funding from the New York State Homes and Community Renewal organization, which consists of all New York state’s major housing and community renewal agencies, including The Affordable Housing Corporation, The Division of Housing and Community Renewal, Housing Finance Agency, State of New York Mortgage Agency, and Housing Trust Fund Corporation.
FeaturedResidential

Brokers busy all year selling vacation homes as investments

REW
by REW977
Just because summer is over doesn’t mean you should stop thinking about selling vacation homes. A new report from online vacation rental marketplace HomeAway.com shows more owners are making top dollar from their holiday homes. “Vacation rentals change the math of real estate,” said Joel Rasmussen, vacation rental owner and author of Vacation Rental Success. “The ROI from owning a vacation rental shows that second home owners should not let a home sit otherwise vacant when they could have travelers pay their mortgage and even turn a profit.”
Construction & DesignFeatured

Bloomberg unveils Seward Park redevelopment plan

REW Staff
by REW Staff655
Mayor Michael R. Bloomberg today unveiled plans that will transform the largest stretch of undeveloped City-owned land in Manhattan below 96th Street into mixed-use space. Nine sites located near the intersection of Essex Street and Delancey Street will become a 1.65-million-square-foot development anchored by 1,000 units of housing, half of which will be permanently affordable for low-, moderate-, and middle-income households and senior citizens. In addition, the project, to be called Essex Crossing, includes a 15,000 s/f open space, a new and expanded Essex Street Market, a school , a community center, a rooftop urban farm, the Andy Warhol Museum, 250,000 s/f of office space and a mix of retail space. Seward Park will also become a hub of small-business incubation, with micro-retail spaces and creative and tech co-working and incubator space.
Movie theater investors see the bigger picture
Deals & DealmakersFeatured

Movie theater investors see the bigger picture

REW Staff
by REW Staff747
Eric Roth and Brian Ezratty took front row in an investment syndicate that just purchased the Midway Theater building in Queens for $20.5 million. Roth, principal of Brick Capital, and Eastern Consolidated vice chairman and principal Brian Ezratty, along with investor Lloyd Goldman, formed a venture to acquire the historic property at 108-22 Queens Boulevard in Forest Hills. “We were quite fortunate to have been presented with an off-market opportunity to acquire a trophy asset of this kind,” said Roth, the managing partner of the Investment group.
FeaturedResidential

Related releases One Madison homes

REW Staff
by REW Staff998
Related Sales, a division of Related Companies, today (Monday) announced the official launch of sales at One Madison, the slender 60-story bronze glass tower overlooking Madison Square Park. The developer has released a collection of 53 condos, with interiors by Yabu Pushelberg, that it created after rescuing the building from distress during the market crash.
FeaturedFinance & Accounting

Meridian arranges $74M office refi’

REW Staff
by REW Staff
Meridian Capital Group, a commercial real estate finance and advisory firm, negotiated a $74.5 million refinancing package for three New York office propertieson behalf of … Continued
FeaturedResidential

Hantman ready for Prime time as boutique finds its stride

REW
by REW864
Eric Hantman knows how to run a successful residential brokerage firm. Which is why he wants to keep his own boutique firm, Prime NYC, tight-knit and small. “I really don’t want to be a 100-person or more company,” Hantman told Brokers Weekly. “I see us as a 25-to-35 person boutique agency that really focuses on that personal connection and relationship and level of service, and just keep getting that repeat and referral client, and not just an army of agents that’s throwing advertising out there an hoping people call us. It’s easier to manage that way.”
FeaturedResidential

STOP, THIEF! Tough market brings out worst in fake agents — and clients

REW Staff
by REW Staff1009
A smile and a set of keys does not a good broker make — in fact, it might not even make a real one. A stark rise in the number of scam artist’s posing as rental agents has prompted a warning from the Governor's office for apartment hunters to beware. Since January, the New York State Division of Consumer Protection, an agency that focuses on educating the public on how to avoid scams, said the state has received 211 complaints from people conned out of cash by a fake agent, 121 of whom were in New York City.