Manhattan’s luxury deals thrive following NYC mayoral election

November 10, 2025 / no comments

Manhattan’s luxury market is booming despite fears that Zohran Mamdani’s victory would push wealthy New Yorkers out of the city.  Buyers signed contracts for 41 homes asking $4 million or more last week, according to Olshan Realty’s weekly report. Twenty-four of those deals were inked after Tuesday night, when the results of the mayoral election were called in favor of the 34-year-old Assembly member from Queens. Last week marked the first time 40 or more contracts were signed for luxury properties since late May. The number of pending deals was also up from the previous period’s total of 37.  In […]

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

What really happened in the Fairstead breakup

November 10, 2025 / no comments

It was a notorious “he said, she said.” Now, a court has laid down its version of events in the legal dispute among former leaders at a former multifamily giant. Fairstead launched in 2014 and grew to one of the country’s largest apartment landlords. By 2022, it had $7.8 billion in assets and projects in the pipeline and 24,000 housing units across 28 states with ambitions to grow even bigger.  But recent years have seen the firm caught up in internal disputes, landing in court and sparking multiple trials.  In 2016, an employee named John Tatum III joined the firm […]

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

Eli Gindi’s South Brooklyn townhouse sells for $32M in borough record

November 10, 2025 / no comments

A Brooklyn townhouse has set the record for priciest sale in the borough.  Eli Gindi, a member of the Gindi real estate family, sold his home at 2126 East Fourth Street in South Brooklyn’s Gravesend neighborhood for $32 million, according to property records.   The buyer of Gindi’s home was identified as Victor Hakim, CEO and founder of Choice Home Warranty, according to PincusCo, which first reported the deal. The sale of the roughly 10,000-square-foot home involved some delicate ownership maneuvers. Gindi transferred the deed to an LLC two weeks before selling the shares in the corporation to Hakim, according to […]

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