“Triple threat”: Why this multifamily tech firm focused on NYC

November 20, 2025 / no comments

The classic example of old, energy-wasting buildings in New York is residents opening their windows in winter to let the heat out. Landlords must set the thermostat high enough to keep the coldest apartment warm, which makes the warmest units hot. Some folks call this the “lowest common denominator problem.” Many newer apartment buildings, however, have a different energy-wasting issue that’s not so obvious: Their HVAC systems are running all the time, even when they are not needed. These systems have various features that prevent units from getting too hot or too cold, so nobody’s opening windows. But energy is […]

This article originally appeared on The Real Deal. Click here to read the full story.

The Daily Dirt: Harlem group calls for subsidies for One45

November 20, 2025 / no comments

As we near the end of Mayor Eric Adams’ first and final term, several projects, rezonings and other real estate-related issues will stretch into the next administration.  That includes, of course, the Elizabeth Street Garden drama. The site’s selected developers filed a lawsuit Wednesday, alleging that the administration unlawfully designated the property city parkland. The complaint alleges that such a change needs to go through the city’s land-use review process. So, this issue will continue to play out in court and then in the next administration.  The trajectory of another approved project may also depend on the new mayor. In […]

This article originally appeared on The Real Deal. Click here to read the full story.

NYC’s top deals: SL Green buys Midtown development site for $160M

November 20, 2025 / no comments

There were 226 transactions totaling $427 million recorded in New York City over the prior 24 hours before 4 p.m. on Wednesday, Nov. 19, 2025. 🏆 Residential: The Upper West Side had the priciest home sale recorded in the Big Apple. Silvia Aguilar and Luiz Carvalho sold a condo at 219 West 81st Street for $3.5 million. The buyer was a trust. Aguilar and Carvalho had owned the unit since 2017, when they purchased it for $4.1 million. The pad measures just over 2,100 square feet, pricing the deal at roughly $1,700 per square foot. The unit, which first went […]

This article originally appeared on The Real Deal. Click here to read the full story.