Category : Residential

Deals & DealmakersDebt & EquityFeaturedResidential

Developers secure $65M loan to buy Astoria waterfront site for apartment project

REW
by REW1841
Cape Advisors and Wainbridge Capital have secured $65 million in financing to acquire 30-77 Vernon Boulevard to build 770 apartments. Zoned for 522,132 s/f of development, the site is a two-minute walk from the Astoria Ferry Terminal and at the heart of quickly-developing slice of the Queens neighborhood.
Done Deals: Unique selling style
Residential

Done Deals: Unique selling style

REW
by REW2612
It’s not easy being unique — just ask Citi Habitats agents Jed and Lindsay Wilder. They were tapped to sell an LIC penthouse that the owner had styled in his own unique way. “It is stunning, but very taste specific,” explained Jed. “It was a very challenging deal because appraisals...
100 Norfolk hits all the right angles on Lower East Side
FeaturedResidential

100 Norfolk hits all the right angles on Lower East Side

REW
by REW2076
Sandwiched between a medium-rise prewar apartment building and a graffiti-strewn pawn shop, the unblemished glass and white steel of 100 Norfolk stick out on the Lower East Side. In addition to contrasting with some of its neighboring structures, the 12-story condo building literally sticks out, with six of its top...
Sting, Trudie Styler close $50M Central Park West penthouse sale
Residential

Sting, Trudie Styler close $50M Central Park West penthouse sale

REW
by REW1801
Roxanne didn’t have to put on the red light for this sale. Renowned British rocker Sting and his wife Trudie Styler closed on the sale of their penthouse condo at 15 Central Park West for $50 million, nearly doubling what they paid for it a decade ago. The celebrity couple...
TOWN Residential cuts 400 brokers, consolidates offices
FeaturedResidential

TOWN Residential cuts 400 brokers, consolidates offices

Linda O'Flanagan
by Linda O'Flanagan9740
Andrew Heiberger announced Thursday that he was shutting down sales and leasing operations at his TOWN residential brokerage. “Today, I made the decision to pivot TOWN Residential from the re-sale and rental business to focus on the new development and international sectors,” he said in a statement posted to LinkedIn....
Doormen strike avoided as union reaches tentative agreement
Deals & DealmakersResidential

Doormen strike avoided as union reaches tentative agreement

REW
by REW3628
The Realty Advisory Board and the union representing more than 30,000 doormen, porters and supers reached a tentative agreement on April 13 that calls for increased wages and benefits. The tentative four-year agreement would provide 2.73 percent raises each year, totaling a 11.3 percent raise to more than $55,000 for...