To actually remove floors or space from a newly-constructed building because of a violation of zoning rules is quite rare as it is drastic. And i t is a situation that a nearly-completed Upper East Side condo tower could be facing. Manh…
A penthouse in United Nations Plaza was among 23 Manhattan luxury residential properties listed at $4 million or more that signed into contract last week. It marked six straight weeks of 20 or more sales, according to Oshan's latest r…
As they have for nearly two decades, crowds of managers, board members, co-op/condo residents, building owners, and multifamily service providers of all stripes converged on New York Hilton Midtown on April 11th for the spring edition of Th…
In a residential real estate market that is getting more crowded with high-end luxury properties, developers are devising ways to attract potential apartment buyers. As one example, f irms like Extell have offered more intuitive bonuse…
Three officials responsible for the application process for purchasing Mitchell Lama co-ops in Coney Island were indicted for allegedly accepting bribes from applicants who wanted to buy into affordable housing The 78-count indictment …
Taxes from the sales of multimillion-dollar homes are going up, thanks to the folks up in Albany. As part of New York State’s 2020 budget, a change has been enacted to New York State’s ‘mansion tax.” Originally enacted in 1989 by the…
Long Island City became the talk of the town late last year after it was marked as one of two likely locations for a new Amazon headquarters. After much uproar from residents worried that such a massive project would rapidly gentrify th…
The allure of owning a condo at Trump Tower has apparently worn off since the election of Donald Trump as president in 2016. In a recent Bloomberg article, Trump Tower was deemed “one of the least desirable luxury properties in M…
Although co-ops make up roughly 80 percent of the available-for-purchase housing stock in New York City, buyers often face this common dilemma when apartment: hunting: should they seek a co-op, or a condo? Many factors come into play in t…
As reported by the Commercial Observer in January of this year, Elliott Management Corporation and GFI Capital Resources Group acquired the Parker New York hotel for $420 million, with hopes to renovate and add 67 condominium units…