Nutley
Scott Francis and Mike Fabbri own this Litchfield County home, along with their two dogs Dart and Daeny. When two real estate agents buy a house for over asking, willingly removing inspection and appraisal, you know it’s good. That’s what Mike Fabbri and Scott Francis did to lock down their Litchfield County home, as seen in the pages of CTC&G.
Bushburg Properties’ impending purchase of empty 60 Wall St . bodes well for Lower Manhattan. News of the acquisition now in contract, reported by TheReal Deal, raised eyebrows over the lowball $400 million is paying Singaporean sovereign wealth fund GIC (the former office skyscraper last sold for three times more 10 years ago). What matters more is that Bushburg, which successfully turned several other downtown office buildings into apartments, will potentially bring the giant, dormant tower back to life the same way — as Rose Associates did when it converted 70 Pine St. 15 years ago. Bushburg Properties is under contract to acquire the empty 60 Wall St. for $400 million. Steve Cuozzo Manhattan leasing remains red hot in October Bushburg, led by Joseph Hoffman, boasts over $4 billion in total assets. It’s converting nearby 100 William St. and 80 Pine St. into rental units. Dark since Deutsche Bank moved uptown between 2018 and 2021, the 47-story 60 Wall St., across the street from the Cipriani ballroom, casts a pall over surrounding blocks. A stalled, $250 million modernization plan by Paramount Group, which later was sold to Rithm and managed the job for GIC, failed to excite the office market
Atlas Capital Group has paid about $150 million for the 256-unit apartment tower at 360 West 43rd Street in Hell's Kitchen, adding another big-ticket rental building to the neighborhood's busy sales ledger. The 23-story property, built in 2002, sits in a stretch of Midtown West that has drawn steady investor interest this year.
When New York lawmakers passed a tax on multimillion-dollar second homes in New York City, known as the pied-a-terre tax, opponents fretted that wealthy co-op and condo owners would run for the hills — or, perhaps, flee to Florida. If that happened, the city would lose a significant pool of wealthy buyers, which in turn would hurt high-end home sales and put a dent in the city’s tax haul.
Gobal investment banking and wealth management firm Oppenheimer Holdings Inc. will establish a new headquarters in Lower Manhattan. The company will relocate from its current headquarters at 85 Broad St. to approximately 220,000 square feet at RXR’s 32 Old Slip in the Financial District. The 32 Old Slip lease...
Nestled within the dynamic and culturally rich landscape of Rockland County, the bustling community of Spring Valley has long served as a prominent crossroads in the greater New York metropolitan area. Known for its rich history dating back to the 19th-century railroad expansion, its vibrant multicultural identity, and its welcoming neighborhood spirit, Spring Valley continually embraces independent establishments that honor authenticity, meticulous hand-craftsmanship, and genuine community connection. Now, local residents, commuters, and regional food enthusiasts have an extraordinary new destination to explore with the grand opening of the Ramapo Valley Confections Amish Chocolatier. Bringing time-honored Pennsylvania Dutch confectionery traditions, small-batch chocolate tempering, pure copper-kettle fudge, and artisanal sweets right to the heart of Rockland County, this remarkable specialty shop offers a rich, velvety escape into traditional, unhurried craftsmanship.
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...
