If it sells for asking, the duplex unit in the West Village trophy project would notch a record price for Downtown Manhattan| The Real Deal
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NBA Commissioner Adam Silver has had his hands full this offseason: an investigation into tampering claims made against the Los Angeles Clippers and their star forward Kawhi Leonard, multiple star players recovering from devastating injuries heading into the season and, apparently, shopping his Upper West Side apartment. At least he can check the apartment off his list. Silver sold his three-bedroom spread at The Beresford, a co-op building at 211 Central Park West, for $8.5 million in an o...| New York - The Real Deal
It’s not quite Park Avenue, but the Seaport’s Park Row has carved out its spot as the go-to lane for big deals on the southern tip of Manhattan. The latest is a contract for one of the penthouse units at 33 Park Row asking $19.5 million. “Penthouse Three” went into contract Wednesday morning for “very close to the asking price,” said Compass’ Huihui Geng, who brought the buyer. The deal is expected to close later this year. A Compass New Development Marketing team led by Leona...| New York - The Real Deal
Believing she couldn’t afford Manhattan, Ayana Green was house hunting in Queens when she saw a StreetEasy listing for an East Harlem co-op. At $450,000, it was one-third of Manhattan’s median home price. Better yet, it was a two-bedroom with maintenance charges of only $585 a month. She saw the apartment and made an offer. One thing seemed odd, though. The seller’s broker urged her to use Midtown-based mortgage provider GuardHill Financial. “I was told during the showing that they ha...| New York - The Real Deal
The fallout of Bernie Madoff’s infamous Ponzi scheme is still wreaking havoc on lives as the estate’s trustee takes aim at a swanky Greenwich Village condo owned by a New York power couple. Irving Picard, the lawyer who’s already clawed back nearly $15 billion for Madoff’s defrauded investors, is pressing attorney Malcolm Sage and his wife, cosmetics executive Lynne Florio, to surrender two of the three units they combined decades ago at 45 Christopher Street, the New York Post report...| New York - The Real Deal
LuxUrban Hotels filed for Chapter 11 bankruptcy protection last week, but the problems keep on coming. Paying customers are showing up to the company’s Manhattan properties, only to be turned away, according to Bisnow and local news outlets. The reports of jilted customers prompted letters to the bankruptcy judge, requesting an emergency hearing due to potential consumer harm. Cloudbeds, an online booking platform, wrote to the bankruptcy judge that it had reason to believe at least one of ...| New York - The Real Deal
After a long and controversial road, the Department for the Aging is officially relocating to 14 Wall Street in Lower Manhattan. The Department of Citywide Administrative Services signed a 20-year lease for 81,000 square feet at Alexander Rovt’s property, Crain’s reported. The deal at the property owned by Rovt, an investor who has donated to Mayor Eric Adams’ campaigns and legal fund, is worth $77 million. In the first five years of the lease, the city will pay Rovt $33 per square foot...| New York - The Real Deal
There were 225 transactions totaling $1.2 billion recorded in New York City over the 24 hours before 4:00 p.m. on Tuesday, Sept. 23. 🏆 Residential: The top recorded home sale in New York was in the Upper East Side, where a mansion at 127 East 73rd Street changed hands for $26.3 million. The sellers were former Bank of America COO Thomas Montag and his wife, philanthropist and former banker Janet Montag, who purchased the townhouse in 2008 for $32.5 million. The latest transaction represent...| New York - The Real Deal
Michael Nierenberg knows how to get a steal on a real estate deal — professionally and personally. His Rithm Capital agreed on Sept. 17 to acquire Paramount Group for $1.6 billion, a rare entrance into the commercial real estate market with Class A office space at a low entry point as the Federal Reserve was expected to — and did — lower interest rates. One of the largest U.S. mortgage servicers, Rithm announced the news after The Real Deal and other outlets reported it was in the lead ...| New York - The Real Deal
New York is opening the door to municipalities to grab a piece of the manufactured housing investment pie. The state began accepting applications on Monday for its “Move in NY” program, the New York Times reported. The program is being seeded by a $50 million investment from the state, part of the housing plan included in the 2026 budget. Under the program, up to 15 communities will be able to secure financing from the state in exchange for commitments to build at least 10 homes via manuf...| New York - The Real Deal
The evidence that Attorney General Letitia James committed fraud was so weak that the U.S. attorney quit rather than prosecute.| The Real Deal
Real estate attorneys say the Supreme Court’s ruling does not put tenants at risk of eviction — as long as lawmakers act quickly.| The Real Deal
Two years on from the Housing Stability and Tenant Protection Act, five suits challenging the law have seen little success.| The Real Deal
In an unintended consequence of New York’s 2019 rent-stabilization law, landlords are leaving cheap units off the market.| The Real Deal
The surge in rental activity that defined the Manhattan and Brooklyn markets at the end of 2020 has continued, as have declining rents.| The Real Deal
The NYC Independent Budget Office has cut its revenue estimate for a pied-à-terre tax to $232 million a year from $390 million projected in December.| The Real Deal
Even if New York City’s vacancy rate exceeds 5 percent, elected officials likely won’t let the housing emergency, or rent stabilization, end anytime soon.| The Real Deal
All rights reserved © 2025 The Real Deal is a registered Trademark of Korangy Publishing Inc.| therealdeal.com
All rights reserved © 2025 The Real Deal is a registered Trademark of Korangy Publishing Inc.| therealdeal.com
Demand for luxury homes in the Hamptons, Manhattan, South Florida didn’t die down in 2021, according to Bespoke.| The Real Deal
Ron Perelman has continued his fire sale, unloading his Lily Pond Lane estate in East Hampton for the discounted price of $84 million.| The Real Deal
A condominium sold for $8.3 million in Williamsburg on Tuesday, making it the most expensive condo sold in the neighborhood since 2016.| The Real Deal
The Daily Dirt digs into how New York City Council member Chi Ossé used social media to help pass his rental broker fee bill.| The Real Deal
New York progressives, debating a response to Trump’s win, are poised to pass the FARE Act, changing how rental brokers are paid.| The Real Deal
The FARE Act is heading to a vote, but REBNY has pushed its own version of the broker fee bill.| The Real Deal
Council member Chi Ossé says his revised FARE Act is heading to a vote. Rental brokers say the bill is even worse than before.| The Real Deal
A rally is expected to draw 1,000 brokers ahead of a NY City Council hearing on the Fairness in Apartment Rental Expenses Act, or FARE.| The Real Deal
“Obscene” broker fees are really bargain from a financial standpoint when evaluating the long term return on investment.| The Real Deal
An agent for the Manhattan brokerage allegedly charged obscene fees for rent-stabilized rental units.| The Real Deal
Recent reports of brokers charging renters in excess of $10,000 have ignited state legislators to re-up a bill that would kill the practice.| The Real Deal
A Solil-owned unit on the Upper West Side rented for $1,725 per month, but broker Ari Wilford required a $20,000 broker fee.| The Real Deal
New York regulators’ guidance banning tenants from paying landlords’ broker fees was an “error,” a state judge ruled.| The Real Deal
New guidance from the Department of State says that rental agents representing New York landlords will be subject to discipline in tenants pay their broker fee.| The Real Deal
John Lawerence, executive manager of sales at Douglas Elliman, said he had closed three offices he managed to come to the rally.| The Real Deal
All rights reserved © 2025 The Real Deal is a registered Trademark of Korangy Publishing Inc.| therealdeal.com
The Republic of Turkey filed plans Wednesday for a new 35-story tower that will serve as the headquarters of the Consulate General of Turkey in New York.| The Real Deal
All rights reserved © 2025 The Real Deal is a registered Trademark of Korangy Publishing Inc.| therealdeal.com
A Crown Heights family that twice defied eviction details deed theft claims against real estate operators they claim stole their family home.| The Real Deal
Despite a guilty plea and slew of allegations over a portfolio built on deed theft, a former Brooklyn attorney appears to still be profiting at buildings disputed by prosecutors and homeowners — and he’s getting an assist from the city. Sanford Solny profits from a portfolio of buildings acquired via disputed means, collecting rent from tenants in 19 properties where he was accused of defrauding the owner, according to court filings and city records reported by the New York Times. City ag...| The Real Deal
As eviction moratoriums expire in New York and New Jersey, landlords and tenants face delayed court dates and inconsistent rulings.| The Real Deal
A Queens landlord renting to The Fortune Society lost his home and property and faces criminal charges after two problem tenants moved in.| The Real Deal
New York City’s top real estate deals for Sept. 4 include Uzi Ben Abraham’s purchase of a condo at The Surrey at 20 East 76th Street.| The Real Deal
Aritzia, Grupo Gitano, Dumbo Market and Ulta among city’s top retail leases last month.| The Real Deal
Taconic Investment Partners and National Real Estate Advisors are developing a luxury rental building at 312 West 43rd Street.| The Real Deal
Taconic Partners and National Real Estate Advisors have inked a deal to bring the discount supermarket chain Aldi to 312 West 43rd Street, known as The Ellery.| The Real Deal
The Real Estate Board of New York filed a brief explaining why the Second Circuit should reverse a lower court’s decision denying its request for a preliminary injunction to block the FARE Act and the dismissal of most of its claims.| The Real Deal
A federal judge denied REBNY's latest attempt to halt New York City’s new broker fee law, the FARE Act, which requires landlords to pay rental broker commissions, while REBNY's appeal is pending.| The Real Deal
UrbanDigs data shows rising rents and fewer listings in Manhattan after the city’s broker fee ban took effect on June 11.| The Real Deal
The first week of New York City's FARE Act saw confusion and new strategies from brokers and landlords in the rental market.| The Real Deal
The Real Estate Board of New York is appealing a federal judge’s decision to reject its motion for a preliminary injunction to halt the FARE Act and to dismiss several of the trade group’s claims.| The Real Deal
On the first day the FARE Act went into effect, listings on dropped by more than 1,000, but StreetEasy says fluctuations are normal.| The Real Deal
New listings on agent-facing platforms plummeted following New York City’s FARE Act banning broker fees, per UrbanDigs data.| The Real Deal
Loan Star Funds is picking up the debt on the New York City assets for a small discount to par.| The Real Deal
Flagstar Financial is selling a portfolio of loans, with some executed after a 2019 New York state law curbed rental income| The Real Deal
Compliance exec at bank claims termination for investigating Alessandro DiNello’s suspicious payments.| The Real Deal
Steve Croman’s father Edward Croman accused his son in a lawsuit of “rampant fraudulent mismanagement.”| The Real Deal
Capital One loaned entities connected to the notorious New York landlord a total of $30.9 million across six mortgages.| The Real Deal
The infamous New York City landlord hasn’t made any payments to his office leasing debt since August, a suit filed by Jeff Gural’s GFP Real Estate alleges.| The Real Deal
Flagstar Financial is stemming the bleeding. A top lender to the New York City rent-stabilized housing market, the bank is still facing profitability challenges. But on Friday, it posted its lowest net loss since 2023 at 19 cents per share. Flagstar has lowered its exposure to the multifamily housing market by 12 percent since last summer’s earnings release. The earnings show measured progress as the bank aims to return to profitability in the fourth quarter. Early last year, the compan...| The Real Deal
Notorious NYC landlord Steve Croman is battling seven active foreclosure cases totaling $51.4 million, including a new $29.6 million suit from Flagstar Bank.| The Real Deal
Thanks in part to stabilizing interest rates and venture capital funding returning to some hot tech sectors, tech companies are inking large office leases again.| The Real Deal
The landlord could break its Manhattan office buying drought with talks to buy 148 Lafayette Street for around $120 million| The Real Deal
Venture capital firm Andreessen Horowitz signed a lease with LaSalle Investment Management for two more floors at 200 Lafayette Street.| The Real Deal
A venture capital firm founded by Reddit co-founder and Serena Williams’ husband Alexis Ohanian inked a long-term lease for an entire Soho building.| The Real Deal
Projects are being launched in the Mott Haven and Fordham neighborhoods of the burgeoning borough.| The Real Deal
Slate Property Group’s loan to Beitel Group is latest for the rezoned South Bronx neighborhood.| The Real Deal
Median rent prices in the Bronx’s Mott Haven neighborhood soared by 31 percent from 2019 to 2023 amid a new development boom.| The Real Deal
The lending arm of Slate Property Group is providing $305 million to finance a 755-unit development in Mott Haven.| The Real Deal
The billionaire count in New York continues to rise, despite high taxes and talk of flight to zero-income-tax Florida and Texas.| The Real Deal
Unit PH2 listed in 2018 before closing in July for $28 million, down from $45 million it once sought in 2024.| The Real Deal
Michael Loeb sued his neighbor over alleged water damage to his Upper East Side townhouse, including hand-printed wallpaper.| The Real Deal
Agents Lisa Lippman, Tyler Whitman talk “blurring the lines” with clients, deals gone bad & more in notes from a resi reporter| The Real Deal
Deals for condos priced at $10M or more surged in Manhattan last quarter, up 70% from the same period in 2024, per Compass| The Real Deal
Top Sotheby’s broker Nikki Field replaced Corcoran at the helm of sales at the Billionaires’ Row supertall.| The Real Deal
The top deals recorded in NYC for July 17 include the sale of a condo at Michael Stern’s 111 West 57th Street on Billionaires’ Row for $21 million. include actress Ellie Kemper’s sale of an Upper West Side co-op for $8 million.| The Real Deal
Barry Sternlicht’s Starwood Property Trust provided the $350 million loan for the 88-story project at 125 Greenwich.| The Real Deal
Units piled up across Lower Manhattan after a mistimed development influx, leaving developers grasping at pricing amid changing demographics.| The Real Deal
Fortress Investment Group, Bizzi & Partners and Bilgili Group are seeking to refinance their existing loan at 125 Greenwich| The Real Deal
Macklowe drops Compass from One Wall Street sales, bringing on two former Douglas Elliman agents at the Financial District project.| The Real Deal
Trinity Place Holdings’ Lower Manhattan condo tower extended its debt and hired a new sales team as the building struggles to sell units.| The Real Deal
Bizzi & Partners and Fortress project hit 15% sold mark in April, putting the 272-unit development on pace for a 2031 sellout.| The Real Deal
Värde Partners was behind a $97 million loan for the 186-unit luxury multifamily property at 411 West 35th Street| The Real Deal
Young Woo’s Youngwoo & Associates is trying to unload the historic building five years after a deal to sell it fell through.| The Real Deal
MHP Real Estate Services and Banyan Street Capital are buying the Bronx General Post Office for a price in the high $70 millions.| The Real Deal
Youngwoo & Associates is among developers in talks to redevelop the landmarked Bronx General Post Office, which the U.S. Postal Service intends to sell despite an outcry from residents.| The Real Deal
Madd Equities picked up the Concourse Village site from Youngwoo & Associates for $44M, a few years after the property was on the market for $70 million.| The Real Deal
As SoftBank prepares to sell Fortress Investment Group, we look back at some of the private equity firm's memorable real estate deals.| The Real Deal
United Overseas Bank sold the loan on the condo project 125 Greenwich instead of moving forward with a foreclosure.| The Real Deal
United Overseas Bank, a Singapore-based lender, says that it is owed $187 million it advanced to the developers.| The Real Deal
The developers of the supertall condominium at 125 Greenwich Street have closed on a $473 million financing package with four Asian banks.| The Real Deal
Michael Shvo will turn himself into authorities Thursday, The Real Deal has learned. The developer is to be indicted on tax-evasion charges related to his art.| The Real Deal
The Farmingdale-based firm is planning a 106-unit project near the Long Island Rail Road station.| The Real Deal
Wary of a slowdown in high-end apartment sales and a potential supply glut, lenders are beginning to retreat from Manhattan’s luxury condominium market.| The Real Deal
Michael Shvo and Bizzi & Partners’ soaring condominium at 125 Greenwich Street will house 275 units, according to an offering plan.| The Real Deal
When Harry Macklowe saw his bet on the Manhattan office market collapse and was forced to default on a loan, his lender absorbed much of the wallop.| The Real Deal
The Real Deal looks at the revamped capital stack that enabled the comeback of one of Downtown's most awaited skyscrapers, 125 Greenwich Street.| The Real Deal
Landlord groups say the Housing and Vacancy Survey distorts the vacancy rates in New York City to maintain rent stabilization.| The Real Deal
As New Yorkers leave the city, a rising vacancy rate could lead to a lifting of the rent law.| The Real Deal
A judge approved the foreclosure auction of 42 Old Montauk Highway, a pagoda-style mansion that has struggled to find a buyer since 2009.| The Real Deal