The developer Jon Lam is arranging a deal to significantly increase the size of a hotel project he is planning to build on Broadway between 29th and 30th streets. Over the summer, Mr. Lam purchased two commercial buildings, 1205 and 1225 Broadway, for about $72 million with plans to raze the two structures and erect Read More
Remember the portfolio deal? That’s right, the practice of grouping a bunch of buildings together and selling them all at once? Yep, it’s hard to remember, because the last time a big portfolio deal happened in New York City was …
“Wow,” laughed Pete Culliney, director of Global Research for Real Capital Analytics, when The Read More
It's tough out there. Sayeth Mr. Knakal: "The sales volume Read More
Two thousand eight was a year that can’t be forgotten soon enough by the browbeaten souls unfortunate enough to make their living in the city’s real estate market, which proved to be a much choppier sea to navigate than most expected over the past 12 months. It mattered little if you were in the commercial Read More
So with all this negative news, why are Manhattan’s small to midsized income producing properties still performing relatively well? Read More
“The closer your property is to a major transportation system, the better,” Mr. Knakal said Monday. “Any areas that are in or around transportation hubs in the boroughs will be good investments in the future.”
Much of the consumer spending that has occurred over the last few years has been stimulated by the massive amounts of mortgage equity withdrawal taken by Read More
"The latest round of cuts was last month. Compared to the start of the year, the number of agents in Brooklyn and Staten Island has dropped to 14 from 21; and Queens and Nassau has declined Read More
Building owners, fearful that a Democratic administration will raise capital gains taxes (or that a Republican one will do the same, given the proven flexibility of John McCain on myriad Read More
Said microbe, Ochromonas danica, traditionally inhabits Danish bogs, and sometimes the odd laboratory, like the one where landlord Thomas Haines, Read More
The number of apartment buildings sold in Manhattan above 96th Street in the second half of 2007 dropped 29.5 percent from the first half of the year, according to a new report. The report, prepared by appraisal firm Miller Cicero for investment-sales brokerage Massey Knakal, shows also that the number of walk-up and elevator Read More
The Upper East Side home of the New York Academy of Sciences has gone into contract for close to $30 million, according to a source close to the deal. The buyer is 63rd Street LLC, a company established by Access Industries, a Manhattan-based private-equity investment firm.
Though a spate of townhouses that used to house offices Read MoreIn April, four luxury condos housed in the gilded Parisian-style townhouse at 3 East 95th Street formerly owned by the Lycée Français de New York landed on the market for a combined $61.3 million.
The price is not so outlandish anymore along the leafy corridor of Fifth Avenue. But to some the news was a shock: Read More
