Manhattan rents continue hot streak to hit new record in May

June 12, 2025 / no comments

As temperatures rise in New York, so too has the rental market. Median Manhattan rent reached a new record high in May, at $4,571 per month, rising nearly 8% year over year, according to the monthly rental report by appraiser Jonathan Miller for Douglas Elliman.  Median rents have been generally on the rise since November, […]

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

Bethenny Frankel sells Greenwich estate for $7.8M

June 12, 2025 / no comments

Reality star and entrepreneur Bethenny Frankel is flying south — and saying goodbye to her historic estate in Greenwich, Connecticut. The former “Real Housewives of New York City” star sold Applejack Farm, her estate in Greenwich, for a cool $7.8 million, Architectural Digest reported, over $3 million more than she paid for it four years […]

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

Four years on, Upper East Side Blood Center expansion remains clotted

June 12, 2025 / no comments

The New York Blood Center secured one of the most controversial rezonings in recent Upper East Side memory nearly four years ago, but has nothing to show for it yet. No construction permits have been filed for the commercial property planned for 310 East 67th Street, Crain’s reported, despite the rezoning receiving City Council’s blessing […]

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

RFR receives lifeline at Upper East Side retail site 

June 12, 2025 / no comments

RFR Holding is getting a reprieve on the Upper East Side — at least temporarily — after its lender abandoned a foreclosure case in favor of selling the debt. Meadow Partners purchased the $10.5 million loan backed by RFR’s 404 East 76th Street and 1460 First Avenue, PincusCo reported. The East 76th Street property features […]

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

Rent freeze? Rents have been falling for 10 years

June 12, 2025 / no comments

A crucial fact almost always missing from the “freeze the rent” conversation is that rent-stabilized rents, adjusted for inflation, have been going down for years. How many years? The answer might surprise you: 10. The last time an RGB increase outpaced inflation was at the beginning of the de Blasio administration, before the new mayor […]

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