Featured
How home ownership is becoming an old man’s game
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Sarah Mikhitarian By Sarah Mikhitarian Since the housing bubble, older Americans have been more likely to hold onto — or purchase — homes relative to younger
Residential
NEW DEVELOPMENT: Curtain goes up on luxury high rise; The Hamilton enjoys winter leasing rush
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The Hamilton ● HALCYON DEVELOPMENT Hamilton enjoys winter leasing rush The Hamilton, a new rental development at 968 60th Street in Brooklyn, has leased
Residential
Done Deals: Roundup of the week in residential sales
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CORE’s Adrian Noriega closed the biggest sale of last week at the Selldorf-designed 42 Crosby. Unit 5S closed at $10,545,356 after being listed by Noriega
Residential
Moinian Group host private tour of 11th Ave property
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Invited brokers and real estate influencers were treated to a tour of The Moinian Group’s newest rental building at 572 11th Avenue.
Debt & Equity
Brokers go into overdrive to fund parking pioneer
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Eastern Union Funding closed a deal for the development of three townhouses, seven condominium units and a fully automated 45-car garage in the Park Slope
Residential
NEW DEVELOPMENT: 559 West 23rd launches sales; Lennar starts last Henley on Hudson building
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●NESTSEEKERS INTERNATIONAL Chelsea lofts hit market The Serhant Team at Nest Seekers International have launched sales at Chelsea Waterside Residences.
Residential
Long Island posts highest number of sales in 15 years
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Long Island is continuing its consistent ascent, posting its highest number of home sales in 15 years. According to Douglas Elliman’s third quarter report
Residential
Comptroller report blames rising rents on increased Airbnb listings
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New York City’s Comptroller Scott M. Stringer released a report that claims residents pay $616 million in additional rent in 2016 due to the growth
Deals & Dealmakers
City plays matchmaker in affordable market to head off ‘predatory investors’
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City Hall wants to play matchmaker for affordable housing sellers and preservation-minded buyers. Hoping to safeguard communities from “predatory investors”—developers
Residential
WHO’S NEWS: DE announces new team, Citi Habitats welcome agent manager
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Douglas Elliman announced that Michael Lorber and Alexander Boriskin have co-founded The Michael Lorber Team. The two brokers have over $1 billion in closed
Deals & Dealmakers
Investment firm scoops up $59M mixed-use lower Manhattan building in off-market deal
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A New York-based investment firm purchased 10 Rutgers Street for $59 million in an off-market transaction. Arbor Management Acquisition Company, also known
Featured
Record growth in LIC as 9,000 apartments come online
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Housing development in Long Island City exploded last year, according to the Long Island City Partnership, an economic development organization for the area.