Developers rejigger loans following air rights deal
Madd Equities and Joy Construction have renegotiated financing for their new DoBro apartment development after buying NYCHA air rights that will let them build bigger....
Tag : air rights
NYCHA ramps up sale of air rights to developers
New York City Housing Authority has issued a revised Request for Expressions of Interest (RFEI) that could help it raise an estimated $1 billion to...
New firm looking to dominate development site sector
Veteran brokers Lev Kimyagarov and Rubin Isak are seizing opportunity during the coronavirus pandemic to direct their skills towards a niche market. The pair have...
Developer Six Sigma buys High Line air rights for $3.92M
Highcap Group has closed on on the sale of hard-to-find High Line air rights at $800 psf. Managing principal Josh Goldflam and senior director and...
City says it won’t intervene on pricing of East Midtown air rights
The city’s rezoning proposal has put 3.5 million s/f of air rights in play in East Midtown. It’s still unclear how the deluge will affect the...
Committee bares plan to coax best out of Midtown East
A committee tasked with creating a plan to improve the Midtown East neighborhood has issued its recommendations for rezoning the area around Grand Central station....
Stuy Town air rights deal a key piece of housing puzzle
By Sabina Mollot Blackstone’s $5.3 billion purchase of the sprawling Stuy Town apartment complex also bought the firm a jumbo 700,000 s/f of air rights...