Category : Residential

Residential

HAVE YOU HEARD? Joy Behar gets a new view of Lincoln Square

REW
by REW1429
Joy Behar, comedian and longtime co-host of morning talk show The View, picked up a $2.4 million apartment in Lincoln Square. Behar purchased unit 15B at the Allegro, a condo building at 62 W. 62nd Street. The two-bedroom, three-bathroom unit has 1,314 s/f and features include a private balcony and...
Have You Heard? Playwright Martha Pichey selling Chelsea loft
Residential

Have You Heard? Playwright Martha Pichey selling Chelsea loft

REW
by REW2348
Playwright Martha Pichey is selling her Chelsea loft. Originally built as horse tables for the patrons of the historic Ladies Mile shopping district, 136 West 24th Street is now a five-story elevator loft building with eight units. Pichey — whose son is actor Rafi Gavron, who starred in Breaking &...
Real estate brokers defy their firms’ boycott of StreetEasy
Deals & DealmakersResidential

Real estate brokers defy their firms’ boycott of StreetEasy

REW
by REW2471
Opposition from REBNY and several brokerage firms have failed to stunt the growth of StreetEasy’s paid listings service. During his firm’s latest earnings call, Zillow Group CEO Spencer Rascoff said that more than 10,000 New York City agents have paid to advertise rental listings on StreetEasy during the third quarter. “New...
Deals & DealmakersFeaturedResidential

JMH ditches Long Island City hotels, now eyes mixed-use apartment building

REW
by REW1944
JMH Development has abandoned its plan to build a five-story, 289-key luxury hotel project in Long Island City. Instead, it will use the same property at the corner of Steinway Street and Northern Boulevard to build a six-story apartment complex with first-floor retail space, Jason Halpern, the firm’s founder and...
Ellie Johnson on Warren Buffett, overseeing Berkshire Hathaway’s NYC rollout
Residential

Ellie Johnson on Warren Buffett, overseeing Berkshire Hathaway’s NYC rollout

REW
by REW1946
When Ellie Johnson was asked to head up the rollout of Berkshire Hathaway HomeServices into an already crowded and competitive New York City market, she was more than ready. “I was honored to accept the challenge to create something new from the ground-up in New York City with such an...
Residential brokerage Oxford Property Group to open White Plains office
Residential

Residential brokerage Oxford Property Group to open White Plains office

REW
by REW1961
Residential brokerage firm Oxford Property Group will open its first office outside of New York City, in the Westchester town of White Plains. Founder, president and CEO Adam Mahfouda told Real Estate Weekly that the firm is in the process of negotiating a lease for a 3,000 s/f office in...
Moinian Group closes $103M construction loan deal on 572 11th Avenue
Debt & EquityResidential

Moinian Group closes $103M construction loan deal on 572 11th Avenue

REW
by REW1552
The Moinian Group has closed on a $103 million construction loan for its new West Side apartment tower at 572 11th Avenue. Greystone Bassuk negotiated the loan with Bank of China, New York Branch on behalf of Moinian. The loan was structured as a letter of credit-enhancing taxable variable-rate bonds issued...
New York sees big increase in first-time foreclosures
Residential

New York sees big increase in first-time foreclosures

REW
by REW1311
The number of first-time foreclosures in New York City surged 79 percent year-over-year in Q3 2017, with 859 homes scheduled, compared to 481 in Q3 2016, according to a report from PropertyShark. After a peak in foreclosure activity during this year’s second quarter, with 911 new foreclosures scheduled across all...
Long Island posts highest number of sales in 15 years
Residential

Long Island posts highest number of sales in 15 years

REW
by REW1344
Long Island is continuing its consistent ascent, posting its highest number of home sales in 15 years. According to Douglas Elliman’s third quarter report, the number of closed sales in the area reached 8,528 deals, which represents a two percent increase from the same period last year. The rise in...
WHO’S NEWS: Residential appointments and promotions
Residential

WHO’S NEWS: Residential appointments and promotions

REW
by REW2489
Douglas Elliman has welcomed Stuart Edelman to the Avigdor | Peyton Team in Southampton. Prior to joining Elliman, Edelman worked in the garment business for 49 years developing leading men’s apparel brands. Additionally, the former president of Edstuart Inc. established Bedford Vintage Motorcars. He is looking forward to using his...