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Inclusionary housing programs crucial, but work better with 421a
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By REBNY President John Banks The US Census Bureau announced last week that New York City’s population has grown to its largest size in recorded history
Deals & Dealmakers
Efforts stepped up to preserve low-rise East Harlem character
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Real estate investment sales in East Harlem jumped 49 percent last year. One of Mayor Bill de Blasio’s biggest plans has been affordable housing — an ambitious
Debt & Equity
East Harlem tenants win $60M affordability deal
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A $60 million funding package will allow developers to preserve the affordable Los Tres Unidos apartments in East Harlem. A partnership between Nuevo El
Residential
City Council rezones East Harlem to secures affordable housing
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After three years of governmental fine-tuning and community input, the New York City Council adopted its rezoning plan for East Harlem on November 30.
Deals & Dealmakers
Manhattan landlord, contractors indicted for harassing E. Harlem tenants
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A building owner and two contractors were charged with multiple felonies after harrassing and endangering the lives of tenants in an East Harlem building.
Debt & Equity
Emerald Equity Group refinances Bronx portfolio with record $129M Freddie Mac loan
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Emerald Equity Group has refinanced an 850-unit Bronx portfolio with $129 million in Freddie Mac loans. Sabal Capital Partners, a financial services firm
Deals & Dealmakers
Brodsky firm in East Harlem exchange
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BEB Capital has acquired a 29-unit multifamily building at 238 East 106th Street in East Harlem . Lee Brodsky, CEO, said the property was purchased from
Deals & Dealmakers
Record penalty for 2014 East Harlem gas blast that killed 8 people
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Energy company Con Edison has agreed to pay the largest gas safety-related settlement in New York State history over a fatal gas explosion in East Harlem
Residential
Done Deals: East Harlem duplex breaks $1M mark, Hunter’s Point condo goes for $1.5M
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From Manhattan duplexes to a swanky new condo in Queens, these are some of the top done deals from the past week in residential real estate.
Debt & Equity
CPC closes on $100M New York portfolio loan
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The Community Preservation Corporation (CPC) announced the closing of a $100 million portfolio under the Freddie Mac Small Balance Loan (SBL) product.
Featured
Inclusionary housing programs crucial, but work better with 421a
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By REBNY President John Banks The US Census Bureau announced last week that New York City’s population has grown to its largest size in recorded history
Deals & Dealmakers
East Harlem persisting as a rental market
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By Lev Kimyagarov, Cushman & Wakefield Real estate in the New York City tri-state area trades more frequently than anywhere else in the world.