Category : Residential

Latinos defy national trend with major surge in home ownership
Residential

Latinos defy national trend with major surge in home ownership

REW
by REW1014
The Hispanic Wealth Project, in collaboration with the National Association of Hispanic Real Estate Professionals (NAHREP), revealed data in their State of Hispanic Homeownership Report that shows an increase in both Hispanic homeownership rates and in the number of owner Hispanic households while overall U.S. homeownership rates have declined for...
Brokers, developers spread their wings with private jet service
FeaturedResidential

Brokers, developers spread their wings with private jet service

REW
by REW1495
New York’s luxury market offers an exponential amount of opportunity to residential brokers who want to make a name for themselves. The way that those who are successful navigate the pitfalls and obstacles of the market might even suggest they have super powers. While that might be a stretch, several...
Go-getter Brody has it all figured out
Residential

Go-getter Brody has it all figured out

REW
by REW2598
WonderWorks Construction’s chief operations officer and partner Eric Brody went from entrepreneurial whiz kid to big-city developer by focusing on doing, rather than dreaming. Brody heads up the development division of the company, which handles construction management, general contracting, and real estate development. The company has just begun demolition at...
FeaturedResidential

Calls made for change as NYC is ranked worst city to retire

REW
by REW1237
The astronomical cost of living and less-than-competitive tax rates have not hampered New York’s ability to attract millennials and young professionals. The city’s culture, coupled with its relatively robust employment opportunities, keep the fires of younger demand stoked. But while the greater New York area may be an ideal spot...
Trump Tower, 15 CPW home to biggest number of secret buyers in New York City
Residential

Trump Tower, 15 CPW home to biggest number of secret buyers in New York City

REW
by REW994
Trump International tower at 1 Central Park West and the tony 15 Central Park West house the most secret buyers in New York City. Real estate listing site StreetEasy just released a survey of residential purchases through Limited Liability Companies, or LLCs. Many buyers form the shell companies to act...
Residential

REBNY to host Uptown Open House

REW
by REW859
The Real Estate Board of New York (REBNY) and its Upper Manhattan Committee will host its 2016 Uptown Open House Expo Sunday, April 10 and 17. The all-access, free and public event offers potential home buyers a view of dozens of the hottest uptown Manhattan residential listings. House hunters will...
DONE DEALS: Sacks and the city
Residential

DONE DEALS: Sacks and the city

REW
by REW1061
“When you find your client the perfect home, it pays to act fast,” says Citi Habitats agent Andrew Sacks. Sacks just closed on a one-bedroom, 1-bath co-op at 55 East 9th Street in the Village for his Aussie client. They were among the first people to view the property, but...
Slate closes on $116M Rivington building, plans luxury residential conversion
Residential

Slate closes on $116M Rivington building, plans luxury residential conversion

REW
by REW1245
Slate Property Group, Adam America Real Estate and Vanke Holdings USA LLC have closed on the acquisition of 45 Rivington Street for $116 million. Located on the Lower East Side, the existing six-story, 145,000 s/f building, will be converted into a luxury residential development. “We recognize the value opportunity of...
Residential

Former renters driving Long Island City condo market to new heights

REW
by REW1091
Condo prices in Long Island City have been steadily rising since 2010, with new development projects coming with higher rates due to the migration of new residents. According to a report from Halstead Property Development Marketing, condo prices in the area increased by 49 percent from 2010 to 2015, jumping...