Bronx
REAL ESTATE
Tiny, real-life ‘Up’ house for sale surrounded by skyscrapers in the heart of NYC
The three-bedroom 18th century property is one of three renovated carriage houses on the block. The house has been completely refurbished for a modern look and has three bathrooms. It is reminiscent of the Disney film “Up” — which features a tiny house surrounded by skyscrapers in a city. Bulletproof Ohio home last owned by a recluse who died with a $54M estate enters contract after multiple offers The main bedroom includes a walk-in wardrobe and en-suite bathroom with heated marble floors. If you’re lucky enough to afford the $7,000,000 price tag the home also had its own doorman and resident manager. Kevin Spacey’s five-story waterfront...
COOKFOX is flipping a former prison in Manhattan into affordable housing
The art deco building at 550 West 20th Street in Manhattan has lived many lives. It’s well-known in Chelsea for its chamfered corner that greets pedestrians turning from West 20th Street onto 11th Avenue. Shreve, Lamb and Harmon—the same office behind the Empire State Building—designed it in 1931 to...
U.S. home prices hit a record high as sales fell. Here’s how housing experts explain the trend
U.S. median home prices hit a record high for the second month in a row as sales continued to fall, according to a report released this week, as potential buyers continue to lie in wait for lower mortgage rates. Existing home sales fell 5.4% in June and median home sales reached its highest level on […]
NYC affordable housing building offers ‘scenic views’ of New York Harbor
STATEN ISLAND, N.Y. (PIX11) – An affordable housing lottery is open for a building in New York City that offers “scenic views” of New York Harbor, according to its listing. The affordable housing lottery is for Harborview Senior Apartments, located at 80 Scarboro Ave. in the northeastern part of Staten Island. “The building is perfectly […]
56 affordable apartments available at luxury Williamsburg rental, from $1,757/month
Renderings courtesy of the NYC Department of Housing Preservation and Development. Applications are being accepted for 56 below-market-rate apartments at a new luxury rental in Williamsburg. The nine-story building at 597 Grand Street offers residents spacious units with modern amenities, like a fitness center and rooftop terrace. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,757/month for studios to $3,963/month for two bedrooms.
$500 million announced for affordable housing across NYC
A $500 million commitment from the Battery Park City Authority’s joint purpose fund was announced this week, for projects to build and maintain affordable housing across New York City. “To solve a generational housing and affordability crisis, every sector has a role in providing relief to working-class New Yorkers....
A Bay Ridge Row House and More to See, Starting at $699K
Our picks for open houses to check out this weekend are found in Prospect Heights, Bay Ridge, and Flatlands. They range in price from $699,000 to $3.799 million. Broker: Compass (Violette Tonuzi) Sunday July 28, 11:30 a.m.-1 p.m. See it here -> 212 St. Marks Avenue. Price: $3.389 million. Area:...
Number of cities with million-dollar starter homes has tripled since 2019
The number of cities with starter homes that cost at least $1 million has increased dramatically over the past five years. Three times as many cities have beginner homes that start at that price point this year compared with 2019, according to a new analysis from the real estate website Zillow.
NYC Mayor stands firm on zoning plan to bring tiny homes, small apartment buildings to Staten Island
EDITOR’S NOTE: Tipping Point? is a journalistic initiative launched by Advance/SILive.com to inform Staten Islanders how NYC’s City of Yes for Housing Opportunity proposal could impact the borough. The plan, which will be voted on by the City Council this year, calls for significant zoning changes designed to spur development of new homes and apartments amid a citywide housing shortage.
New York Community Bancorp subsidiary selling residential mortgage servicing business for $1.4B
A subsidiary of New York Community Bancorp, Flagstar Bank, is selling its residential mortgage servicing business to Mr. Cooper Group Inc. for about $1.4 billion. The sale includes mortgage servicing rights and the third-party origination platform. “While the mortgage servicing business has made significant contributions to (Flagstar), we also recognize...
Housing lottery launches for 115 rent-stabilized apartments in Greenpoint
Housing lottery applications are open for 115 rent-stabilized apartments at a new development on the Greenpoint waterfront. New Yorkers who earn $64,012 to $218,010 are eligible to apply, depending on the size of the household. Rents start at $1,782 for a studio. The pet-friendly building at 16 Dupont St. has...
Prospect Heights Studio With 'Dining Gallery,' Vintage Bath Asks $2,595
A World War II-era Prospect Heights studio offers some fun surprises in the form of graphic tile as well as a sunken living room and nicely preserved parquet floors. It’s on the first floor of 55 Eastern Parkway, a six-story, 47-unit red brick elevator building with Colonial Revival touches.
Pacific Palisades spec mansion trades for record $32M
A Pacific Palisades spec mansion was snapped up in a $32.3 million sale, marking the neighborhood’s priciest deal in more than a year. The trade of 538 Chautauqua Boulevard beats anything sold in the Palisades in 2023 and holds the record so far for 2024, Compass agent Jacqueline Chernov said.
More trouble for Michael Shah in Meatpacking District
Real estate developer Michael Shah narrowly avoided a default in the Meatpacking District last year, only to have a different set of lenders emerge this year demanding money at two other properties in the neighborhood. A foreclosure lawsuit filed by Wells Fargo accuses Shah of failing to repay a $28...
New restaurant leases 4,600 sq. ft., opens at Hoboken apartment building, RIPCO says
A new restaurant has taken nearly 4,600 square feet at the base of an apartment building in western Hoboken, in a newly announced deal by RIPCO Real Estate. In a news release, the brokerage team said BYRD is now open at 800 Jackson St., noting that it is the sister restaurant of Common Lot in Millburn. The eatery’s 4,585-square-foot space includes outdoor seating and benefits from what RIPCO described as extensive cosmetic renovations, while the operator has secured a liquor license for the business.
See all homes sold in Fort Lee, July 15 to July 21
The following is a listing of all home transfers in Fort Lee reported from July 15 to July 21. There were 7 transactions posted during this time. During this period, the median sale for the area was a 2,326-square-foot home on Old Palisade Road in Fort Lee that sold for $860,000.
Comptroller Touts New Investment Standards to Protect Tenants
City Comptroller Brad Lander on Tuesday announced that the New York City Employees’ Retirement System (NYCERS) is adopting new standards that will require their private residential real estate asset managers to honor tenant protections. “Our new standards protect tenants in buildings owned or managed by asset managers on behalf...
The King’s Model House: A Harlem Home’s Journey Through Time, 1890
In the summer of 1890, developer David H. King Jr. embarked on an ambitious project that would shape the face of Harlem for generations to come. The King’s Model Houses, as they were called, were envisioned as a block of “first-class character” homes between what are now Adam Clayton Powell Jr. Boulevard and Frederick Douglass Boulevard, stretching from 138th to 139th Streets.
Marcus: Local buyer adds 14-unit retail, office property in Saddle Brook for $3.1 million
350 Market St. in Saddle Brook — Courtesy: Marcus & Millichap. A local private investor has purchased nearly 14,000 square feet of retail and office space in Saddle Brook for more than $3.1 million, brokers with Marcus & Millichap said Tuesday. According to a news release, the property at...
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