The Daily Dirt: We got 99 problems with 485x

November 14, 2025 / no comments

Before 485x, projects with exactly 99 units were rare — only 13 were filed in 15 years. Last quarter alone, developers filed 21. Meanwhile, just 12 of 207 multifamily projects filed were for 100 or more units. These statistics, flagged by a Real Estate Board of New York report Wednesday, might seem like nothing to worry about, given that the unit count in new filings surged to 11,746. The problem is that all of these 99-unit sites are zoned for more than 99. In a housing shortage, the last thing the city wants is to leave units on the table […]

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

NYC’s top deals: HUBB drops $85M on Dumbo apartment building

November 14, 2025 / no comments

There were 218 transactions totaling $401 million recorded in New York City in the 24 hours before 4 p.m. on Thursday, Nov. 13, 2025. 🏆 Residential: A Billionaires’ Row condo once again nabbed the top spot among the city’s recorded home sales on Thursday, Nov. 13. Blue 50 West 48S LLC dropped just under $23.5 million on a sponsor unit at Extell Development Company’s 50 West 66th Street in Lincoln Square. The unit has four bedrooms and four and a half baths. It spans roughly 3,500 square feet, pricing the deal at about $6,700 per square foot. 🏆 Commercial: The […]

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