Weehawken
Weehawken, NJ · Real Estate
New York YIMBY
Housing Lottery Launches for 1303 Hoe Avenue in Longwood, The Bronx
The affordable housing lottery has launched for 1303 Hoe Avenue, a five-story residential building in Longwood, The Bronx. Designed by Node Engineering & Consulting and developed by Luce Popaj under the 773 Grote LLC, the structure yields 37 residences. Available on NYC Housing Connect are 11 units for residents at 70 to 100 percent of the area median income (AMI), ranging in eligible income from $59,280 to $135,700.
marejournal.com
Legacy Real Estate Developers completes sale of 26,630 s/f Totowa industrial property
Totowa, NJ — Legacy Real Estate Developers has completed the sale of 611 Union Blvd. in Totowa, a 26,630 s/f industrial and flex property acquired earlier this year and repositioned for its new owner, Noor Food Manufacturing. The transaction marks the successful completion of a value-add strategy by Legacy...
jerseydigs.com
TripJaunt
brownstoner.com
The Bergen Record
Only 14% of Paterson residents who sought lower tax assessment won
PATERSON — After a citywide revaluation more than doubled property values in 2026, homeowners attempting to get their assessments lowered had minimal success. About 86% of the 1,391 people in Paterson who filed tax appeals this year were unable to get their property values lowered, said the Passaic County Board of Taxation. That amounted to 1,193 appeals that ended with no change in assessments, said Passaic County spokesperson Lindsay Reed. About 14% — or 199 property owners — prevailed in getting their assessments reduced, officials said. City Council critics of Mayor Andre Sayegh predicted that the dramatic increase in property assessments — along with the taxes that are calculated based on those values — would result in an exodus of Paterson homeowners. Story continues below photo gallery. “People are going nuts about these tax increases,” said Councilman Alex Mendez, who said he helped more than 400 homeowners file appeals earlier this year. “You’re going to see so many foreclosures. It’s a crime we are taking the homes away from these people.” Councilman Michael Jackson said he was not surprised that so few of the tax appeals were successful. Jackson said real estate flipping by developers who shifted properties among their
greenlodgingnews.com
Host Hotels & Resorts Acquires 1 Hotel Brooklyn Bridge & Renaissance Dallas at Plano Legacy West
BETHESDA, MD.—Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust, announced that it has acquired the leasehold interest in the 195-room 1 Hotel Brooklyn Bridge (the “1 Hotel”) for $202 million in cash. The property has 83 years remaining on the ground lease with a government nonprofit lessor. The 1 Hotel acquisition price represents a 10.2x EBITDA multiple or a cap rate of approximately 8.2 percent on the property’s 2026 estimated results. The company has also acquired the fee simple interest in the 308-room Renaissance Dallas at Plano Legacy West Hotel (the “Renaissance Plano”) for approximately $172 million in cash. The Renaissance Plano acquisition price represents an 11.2x EBITDA multiple or a cap rate of approximately 7.9 percent on the property’s 2026 estimated results.
New York YIMBY
Permits Filed for 1242 Madison Street in Bushwick, Brooklyn
Permits have been filed for a four-story residential building at 1242 Madison Street in Bushwick, Brooklyn. Located between Wilson Avenue and Knickerbocker Avenue, the lot is closest to the Myrtle–Wyckoff Avenues subway station, served by the M and L trains. Sharon Cohen of Diamond Real Estate Partners is listed as the owner behind the applications.