Fort Lee
BROOKLYN, N.Y. — The New York City Public Housing Preservation Trust, a public benefit corporation created in 2022 to finance major renovations of New York City Housing Authority (NYCHA) properties, has reached its first financial closing with the $607 million modernization of Nostrand Houses. Merchants Capital structured a $185...
Across the nation, apartment construction is dropping sharply in 2026, according to a new RentCafe report. According to RentCafe, an estimated 442,395 new apartments are expected to open this year — a 27% decline from last year’s 605,768 and the first time in four years that new rentals have fallen below the 10-year average of roughly 466,000.
MADISON, NJ — Bergman Real Estate Group announced that 7 Giralda Farms, a 238,000 s/f class A office building in Madison has reached 100% occupancy. This milestone follows a successful repositioning that began when Bergman Real Estate Group acquired the property in July 2021. The achievement follows the signing...
In cities around the world, increasing density often comes at the expense of the qualities that make residential life meaningful: access to nature, outdoor space, daylight, privacy, and opportunities for community. Malabar Residences challenges this tradeoff. Located in the heart of Midtown Manhattan, one of the most densely developed urban...
One of the properties is a landmark dating to 1904. AYA New York has obtained a $104 million refinancing loan for a 233-unit multifamily portfolio consisting of Renoir House and 120-125 Riverside Drive, two properties located Manhattan’s Upper East Side and Upper West Side, respectively. Citibank provided the financing.
Tenants of 438 and 440 West 45th Street gathered outside their Hell's Kitchen buildings, demanding that state and city lawmakers give renters like them the power to buy their own homes before landlords can sell to the highest bidder. The rally centered on two bills that would reshape how buildings change hands in New York: the Tenant Opportunity to Purchase Act and the Community Opportunity to Purchase Act.
A New York appeals court has cleared the way for NYC Mayor Zohran Mamdani to advance a controversial tax targeting expensive second homes, overturning a lower court ruling that had challenged how the measure was introduced. The proposed pied-à-terre tax, backed by Gov. Kathy Hochul and Mamdani, would apply to...
Scianablo, Vider win as Five Towns voters decide races. Joe Scianablo unseated Hempstead Supervisor John Ferretti, Lisa Vider defeated state Sen. Patricia Canzoneri-Fitzpatrick, and Laura Gillen won re-election as Five Towns-area voters weighed in on key local, county and congressional races. According to unofficial results, U.S. Rep. Laura Gillen won...
Election Day could have major implications for New York real estate. Beyond the governor’s race, far-left and progressive candidates are making bids for the State Legislature — and one City Council seat — with platforms that seek to reshape housing development, rent regulation and tenant protections across the state.
Incumbent Democratic Gov. Kathy Hochul unofficially declared, victory over Republican challenger Nassau County Executive Bruce Blakeman on Nov. 3. Hochul campaigned on affordability, child care, tax relief, school safety and gun laws. “To you, the people of New York,” Hochul said, “thank you for once again putting your trust in...
New York affordable housing investments totaling $872 million will support 12 developments across New York City, the Mid-Hudson Valley, Central New York, the Capital Region and the Finger Lakes, part of the New York affordable housing awards announced by Gov. Kathy Hochul on October 30. The package includes $460 million...
If groceries, utilities, and insurance already stretch your budget, a smaller property tax bill would help. That’s possible for many older New Yorkers, through state and local programs. But the programs differ. These are the New York property tax breaks some homeowners over 65 never apply for. Note: This...
By Hank Russell It seems everything keeps going up - the rate of inflation, mortgage rates and home prices on Long Island, the latter showing no signs of slowing down. According to the recent data
Hello, let’s get into today’s news at the intersection of real estate and policy:. The City Council today will vote to expand two rent-freeze programs for certain tenants that landlords actually support. Infrastructure gaps loomed large during a Council oversight hearing on City Planning’s efforts to target several...
The Hudson Valley has been home to some of New York’s most remarkable country houses for more than three centuries. Long before the Gilded Age brought railroad fortunes, elaborate gardens, and grand weekend retreats to the river, colonial landowning families were establishing farms, trading centers, and estates along its banks. The Hudson was both a transportation route and a source of wealth. Land, agriculture, river commerce, and the labor of enslaved people and tenant farmers helped sustain the households that later became known for their imposing mansions.
For years, moving from New York City to New Jersey seemed like a smart way to save money while raising a family. Parents could trade a city apartment for more space while remaining within commuting distance of Manhattan, but rising expenses are narrowing that financial advantage. Living Wage Institute data...
Queens had the second-highest score in 2026, at 60.4, in a foreclosure risk index that observed 60 counties across New York State, created by the real estate investment and data company NestCash. The foreclosure scores were calculated based on a blend of four public signals, which were weighted based on...
Registrations for New York’s 485-x property tax break are clustering at exactly 99 units, a cutoff that appears tied to higher affordability and wage rules at 100 units. Latent Urban Ventures reports 49 filings at 99 units across the April and October releases. AI Summary. Ninety-nine apartments on the...
More than half of the thousands of homeowners who have already appealed the city’s new pied-à-terre tax have won their cases, threatening the levy’s much ballyhooed revenue potential. When Big Apple Mayor Zohran Mamdani and New York Gov. Kathy Hochul announced the controversial tax on luxury second homes — or co-ops worth more than $1 million and houses over $5 million — in the city, they claimed the policy would generate $500 million-plus in revenue. But the city Department of Finance told The Post that as of Friday morning, exemption applications had hit 10,000, with a whopping 5,700 approved — and the lawsuits and exemption requests are still coming in fast and furiously. New York City Mayor Zohran Mamdani announces a new pied-a-terre tax for thousands of homeowners in a video posted to Twitter in April — and has been taking heat over it ever since. X/SaraEisen “I think the bigger fiscal question is whether the city’s $500 million revenue estimate was realistic in the first place,” said plaintiff lawyer Ben Williams of Rosenberg & Ellis. “Once primary residences are removed and overstated market values are challenged, we may find that the amount actually collectible is significantly less than projected,”
Multiple Factors Point To An Elevated Risk Of Foreclosures In Rockland County, According to NestCash. NestCash, a real estate investment and data company published a county-level New York Foreclosure Risk Index, and scored against the 55 counties outside New York City, Rockland ranks first. The first-place ranking is not a...
