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The Real Deal NYC

WATCH: What StreetEasy’s new fee means for the listing platform — and NYC resi firms

For better or worse, StreetEasy can’t stop grabbing headlines. Following the news that four of the city’s biggest brokerages have opted in to its Premier Broker program, the listings platform is changing the game once again via a new $3 fee for each rental listing housed on its family of websites. The Real Deal’s Hiten Samtani sat down with reporters Katherine Clarke and E.B. Solomont to discuss how these changes might rock the residential world. To […]

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Steven Elghanayan’s firm secures $78M to refi Soho office building

EPIC, the investment vehicle of Steven Elghanayan, landed $78.2 million to refinance its office building at the corner of Howard and Lafayette Street in Soho, according to records filed with the city Tuesday. AIG Global Investment Group is the lender on the property. The financing includes $14.6 million in new money, and replaces a $63.5 million acquisition loan issued by Manufacturers and Trust company in 2012, the documents show. The firm bought the 155,000-square-foot property […]

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MRP, Long Wharf put Midtown office condo on the market

MRP Realty and Long Wharf Real Estate Partners put a 60,000-square-foot Midtown office condo up for sale. The partners bought the six-story property, which sits at the base of a 47-story condominium tower at 135 West 52nd Street , from developer Joe Chetrit for $36.3 million in September 2015.  At the time Chetrit was converting the upper floors from a hotel into apartments. In November 2015, Chetrit settled a lawsuit that he accepted $40 million […]

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Forest City Realty Trust chair James Ratner buys $4M co-op

The Ratners are known for their $5 billion transformation of Prospect Heights called Pacific Park, but that doesn’t mean they’re going to live there. James Ratner, chairman of the board at developer Forest City Ratner’s Cleveland-based parent, Forest City Realty Trust, paid $3.9 million for a three bedroom co-op at 120 East 81st Street on the Upper East Side, public sales records filed with the city Tuesday show. Linda Reiner and Lisa Taranpol Deslauriers of […]

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Time Equities raising third real estate fund

Time Equities is raising its third and largest real estate investment fund with a target of $100 million.

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New York YIMBY co-investor sends out plea for funds after being found in contempt of court

Dan George is trying to raise funds from subscribers of YIMBY News.

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WeWork’s real estate head buys UES co-op for $2.8M

Mark Lapidus prefers co-op living to co-living.

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Queens accepted condo prices in Q2 fall by $361M: TRData analysis

The most expensive Queens condominium project approved for marketing during the second quarter came in at just over $29 million, according to an analysis of accepted condo plans by New York State Attorney General’s office. In all, the AG’s office signed off on sales plans for six Queens condo projects totaling $93 million during the second quarter, a massive drop from the $454 million accepted in the second quarter of 2016, an analysis by TRData […]

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The Real Deal’s Westchester and Fairfield Market Report drops next month

The Real Deal is heading north for our annual Westchester and Fairfield Market Report! Click here to read out last year’s issue The market report picks up where TRD leaves off, with a ranking of the top residential brokerages in Fairfield County, a look at the luxury residential market and brokerages in Westchester County, a rotating list of tenants in the region’s biggest shopping centers and the biggest commercial brokerages in Westchester and Fairfield counties […]

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International man of mystery/Italian auto heir lists UWS penthouse for $19M

From LLNYC: We were starting to get a bit jaded about the New York City penthouse scene (how many floor-to-ceiling windows can a person look at?). And then we saw this one. Located at the Hotel des Artistes at 1 West 67th Street, this penthouse is quite possibly one of the most beautiful homes we’ve ever encountered. We shouldn’t be surprised given the nature of its owner, Jean “Johnny” Pigozzi, the Italian heir to the French Simca automobile brand/party […]

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