Category : Residential

FeaturedResidential

New brokerage boss has a swing in his step

Sarah Trefethen
by Sarah Trefethen1395
Barry Brandt started in real estate before he graduated high school. He grew up on the Upper East Side and his mother, Sheryl Brant, was a broker with a number of firms in the city. In the summer, Brant helped show apartments and did internships with real estate firms. The new head of Argo Residential’s brokerage division immediately fell in love with the business and its personalities. “It was very different from any other job that I could have taken on as a teen,” he said.
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.”
Residential

WIRE International hosts market discussion

REW Staff
by REW Staff529
WIRE International Realty hosted a state of the market discussion on residential conditions in NYC and Italy at Cipriani Wall Street.  More than 60 local real estate professionals and members of the Italy-America Chamber of Commerce were among those in attendance.  Angelo Cinel, chairman and managing director of the brokerage’s...
Construction & DesignDeals & DealmakersResidential

FiDi to get another world class apartment building

REW Staff
by REW Staff928
Verizon announced that it has reached a $274 million agreement to sell a condominium interest to an affiliate of Magnum Real Estate Group, encompassing 22 floors and one of the five sub-basement levels of its 140 West St. building. Verizon will retain approximately 60 percent of the building — floors...
Stribling re-launches Chelsea office
Residential

Stribling re-launches Chelsea office

REW Staff
by REW Staff889
Stribling & Associates’ Chelsea office, one of the country’s longest-running real estate offices, has reopened its doors after an extensive year-long renovation. Located on 23rd Street between Eighth and Ninth Avenues, the office incorporates James N. Wells’ Sons, which was opened in 1819 and merged with Stribling & Associates in...
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.
Midtown Equities JV to redevelop Empire Stores, vacant warehouse buildings in DUMBO
Construction & DesignResidential

Midtown Equities JV to redevelop Empire Stores, vacant warehouse buildings in DUMBO

REW Staff
by REW Staff1056
Mayor Bloomberg announced last week that the Brooklyn Bridge Park Board of Directors has selected Joe Cayre’s Midtown Equities, in partnership with Rockwood Capital and HK Organization, to redevelop Empire Stores, vacant warehouse buildings in DUMBO. The adaptive reuse plans call for commercial uses, including restaurant, event, retail and office...
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.”
DONE DEALS: Stan’s sweet Sherry deal
Residential

DONE DEALS: Stan’s sweet Sherry deal

REW Staff
by REW Staff854
Sotheby’s smoothie Stan Ponte has gone to contract on a coveted Tower Residence at the Sherry Netherland. Encompassing the entire 34th floor of the illustrious property, little is known about the glamorous home but what crumbs Mr Ponte has fed us through his listing notice. “Private landing … expansive living and...