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The Real Deal is the leading source for real estate news and information. Covering the deals, developments and policies that matter.
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News
Manhattan co-op prices climb as demand shifts
1+ mon, 4+ week ago (473+ words) Median sale price rose 8.5% in Q2, outpacing condos as buyer interest returns Manhattan co-ops may be having a moment. In Manhattan, the median co-op sale price came in at $895,000 in the second quarter, an increase of 8.5 percent year over year, according…...
Target inks largest June NYC retail lease
2+ mon, 5+ day ago (551+ words) Retail giant’s 135K sf Rego Park lease dwarfs other deals The biggest retail lease in NYC last month truly dwarfs the rest of the list, coming in at more than five times the square footage of the next biggest lease on…...
Inside NYC’s luxury rental frenzy
2+ mon, 1+ week ago (1318+ words) New dev shortage, influx of wealthy tenants and looming pied-à-terre tax drive rents higher Mike Fabbri has been quietly searching for a buyer for his client’s West Village townhouse. So far, he hasn’t had any takers. Instead, the Agency broker…...
Tightening Office Market Pushes Manhattan Rents Higher in Q2
2+ mon, 1+ week ago (234+ words) Asking rents pass $78 psf as leasing stays on pace for best year since 2000 Manhattan office rents keep climbing. The rent gains come as Manhattan’s office market continues to tighten after two years of steady recovery. The availability rate fell to…...
Waterfront condo sets new Hoboken record with $4.8M sale
4+ mon, 3+ week ago (452+ words) Combined apartment at Hudson Tea Buildings beats 2022 high A condo on the waterfront in Hoboken just set a new city record. The apartment at 1500 Hudson Street traded on Friday for $4.75 million, marking the priciest condo sale ever achieved in the…...
MaryAnne Gilmartin refinancing newly completed Chelsea resi building
4+ mon, 3+ week ago (342+ words) Goldman Sachs provided $149M bridge loan for Mabel development MAG Partners’ MaryAnne Gilmartin should have a spring in her step with the success unfolding at the Mabel in Chelsea. MAG scored a $148.7 million bridge loan from Goldman Sachs Alternatives to refinance…...
New plans filed for one of Hudson Yards’ last big dev sites
5+ mon, 1+ week ago (322+ words) 450-unit building planned for 460 Tenth Avenue, despite ownership uncertainty Plans were filed last week for a residential tower on one of Hudson Yards’ last major development sites. One question remains: who’s building it? Prospect Development Group’s Konstantin Gubareff filed plans…...