Rents rise in Manhattan, Brooklyn, fall in Queens
Concessions falling as rentals continue to be buoyed by the weaker sales markets in the region
Category : Residential
Jersey developer Louis Mont launches his own firm
Developer Louis Mont has formed a firm to focus on mixed-use and high-rise development opportunities in key New Jersey Gold Coast cities. Mont has named his company Skyline Development Group, LLC, and assembled a team of employees with whom he has worked with on previous projects in Hoboken and Jersey...
HAVE YOU HEARD: Nets guard living high life
Spencer Dinwiddie goes contract on the highest apartment ever built in Brooklyn.
Extell tops out tallest apartment tower in the world
Extell Development Company’s new skyscraper Central Park Tower has topped out and at 1,550 feet high, it will be the tallest residential building in the world. Designed by Adrian Smith + Gordon Gill Architecture (AS+GG), the building features a facade made up of glass and satin-finished stainless steel, and the...
NEW DEVELOPMENT: Siza building unveiled; Bank makes change to condo
● Sumaida + KHURANA, LENY West Side tower design unveiled At 86 years old, Pritzker Prize-winning Portuguese master architect Alvaro Siza thought he would never design a building in New York City, let alone a skyscraper. Now, Siza’s first ever building in the U.S., a 37-story tower hugging Manhattan’s West...
Sales still down in NYC, but sellers offering fewer price cuts
Though the NYC sales market continued to slow in July, sellers offered fewer discounts than they did earlier in the summer, according to the July 2019 StreetEasy Market Reports. In Manhattan, the number of price cuts offered by sellers declined four percentage points from two months earlier, when 15.6 percent...
DONE DEALS: Roundup of this week’s residential sales
A makeover helps sell unit in a former home for old ladies.
Blackstone backs down on warehousing
By Maria Rocha-Buschel One of the city’s biggest landlords has backed down on a plan to warehouse apartments impacted by new rent regulations. Blackstone, which owns Stuyvesant Town and Peter Cooper Village, told Real Estate Weekly: “We are renovating and leasing all vacant units, and we will continue to fulfill...
NEW DEVELOPMENT: Work starts on LIC rental
● JMH Development, Mettle Property GroUPWork starts on LIC rental Construction is underway at 36-20 Steinway Street in Long Island City, which is being developed as a 158,000 s/f rental building by Jason Halpern’s JMH Development in partnership with Gerard Longo’s Mettle Property Group. The team previously secured a $56 million construction loan...
HGAR says unified MLS is coming to New York
Realtors boss Richard Haggerty believes more city brokers want MLS