Americans are finding ways to use digital currencies to help them buy homes, and new companies are forming to help people tap their home’s value to buy Bitcoin.
American Strategic Investment Company is on the verge of losing another Manhattan office property, this time via foreclosure. Foreclosure proceedings have been launched at 1140 Sixth Avenue in Midtown West, Crain’s reported. ASIC appears resigned to losing the property, according to a Fitch Ratings report, as it “has indicated a lack of funds to maintain […]
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Although Zohran Mamdani aims to bleed rent-stabilized building owners with a four-year rent freeze, he and the real estate industry agree on a few things. The socialist Assembly member poised to become mayor in January could actually deliver some victories for property owners. Their differences on socialism, rent control, policing, Israel, taxes and spending have […]
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Before City of Yes, Bob Knakal would rarely work on air rights deals. When he did, it was one at a time. Now the chairman and CEO of BK Real Estate Advisors has 17 in the works. Mayor Adams’ marquee rezoning plan, passed in December, has made these types of deals much easier, thanks to […]
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Today was a bleak day for records filings in New York City, as the top deal in the city’s finance database clocked in at around $5 million. Overall, there were 104 deals recorded, totaling about $109 million, on Wednesday, June 25. 🏆Residential: The top residential sale recorded in New York City was for a three-bedroom […]
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A condo at Extell Development’s One57 hit the market for a whopping $90 million. Residence 64, which was listed on Tuesday, spans a full floor at the Billionaires’ Row supertall. The seller, shielded by an anonymous entity, combined two units purchased for a total of more than $46 million. The apartment is among the three […]
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One mystery (nearly) down, several more to go with the Elizabeth Street Garden deal. One day before the primaries, First Deputy Mayor Randy Mastro announced a deal with Council member Chris Marte to leave the garden as-is, in exchange for his approval of three other rezonings. Of course, he would need to be in office […]
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Traders have moved on a report that President Trump is again weighing a shake-up at the central bank that could undermine market confidence.
New York real estate interests couldn’t get mayoral primary voters to view Chicago’s 2023 election of Brandon Johnson as a cautionary tale. Zohran Mamdani cruised to victory for the Democratic nomination Tuesday with a campaign many saw as similar to that of the now-mayor of the Windy City. Big Apple industry leaders and trade groups […]
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Developers and real estate investors in New York City spent millions of dollars and several months hoping for any political scenario except this one.
The industry awoke Wednesday morning to learn that state Assemblyman Zohran Mamdani, a Democratic Socialist, won the Democratic mayoral primary in a landslide over its preferred candidate, former Gov. Andrew Cuomo.