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A Financial District development site once slated for a supertall condo tower is poised to have a new owner. The vacant lot at 45 Broad Street directly across from the New York Stock Exchange is under contract, The Real Deal has learned. The 12,600-square-foot...
First comes the complaint — barely more than a dozen pages. Then Newman Ferrara comes for the rent. Sometimes it’s $1,000 a month, sometimes more. It depends on how much of a discount the building owner offered to tenants to get them in — mul...
A West Chelsea condo and a unit at the Waldorf Astoria Residences snagged the priciest deals inked in Manhattan last week. Buyers signed contracts for 28 homes in the borough asking $4 million or more between Oct. 12 and Oct. 18, according to Olshan Realty. Th...
A Soho office building once owned by Elie Schwartz’s Nightingale Properties recently received a boost. Hudson Bay Capital Management provided InterVest Capital Partners with an $85 million loan to refinance the debt on 300 Lafayette Street, PincusCo reported...
It’s common knowledge among New York City’s developers that large-scale projects are virtually a nonstarter under the 485x program. Seeing the data behind that narrative is nevertheless shocking. This week, six months’ worth of data was released by the c...
Media tycoon Byron Allen can’t stay away from 220 Central Park South. Earlier this week, The Real Deal reported that an entity tied to the mogul closed another deal at the Billionaires’ Row supertall, scooping up a 36th-floor condo for roughly $34 million....
One month after Mayor Zohran Mamdani’s rent freeze was approved, City Council members voted themselves an 18.2 percent pay raise after a Mamdani-appointed panel recommended it, citing the cost of living. That same month, the Water Board raised rates 6 percen...
The mayor, along with other elected officials, wants the owners of parking lots and garages across the five boroughs to keep ICE out of their properties. Last week federal immigration enforcement officers dressed as construction workers approached and shot Osc...
A recently rezoned Sheepshead Bay parcel has changed hands, paving the way for a large-scale affordable housing development. A joint venture between ABS Partners and AAG Management sold the development site at 2185 Coyle Street in Brooklyn for $37 million to G...