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1/25/2022 New name, same basic idea: Hochul pitches 421a reform—The Real Deal

It may have a new name, but Gov. Kathy Hochul’s proposed development tax break looks a lot like 421a.
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1/25/2022 First Look: The Condos in This NYC Luxury Tower Will Have Self-Irrigating Gardens—The Robb Report

Manhattan is known for its glossy residential buildings, but one of the larger issues with living in these environments—especially given the last two years—is that they’re often severed from the natural world.
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1/25/2022 SERHANT. Reveals The 6 NYC Neighborhoods To Watch In 2022—Gotham

It’s time to make your highly-anticipated move to the Big Apple, but you don’t even know where to begin.
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1/25/2022 Fire damages condos in Lake Katrine—The Daily Freeman

Firefighters knocked down a blaze at a condominium complex before it could spread to other apartments inside, a fire official said Monday.
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1/19/2022 New York City Property Tax Blueprint an Incomplete Solution—JD Supra

Former New York City Mayor Bill de Blasio's Advisory Commission on Property Tax Reform (the Commission) issued a report on Dec. 28, 2021, titled "The Road to Reform: A Blueprint for Modernizing and Simplifying New York City's Property Tax System" (the Blueprint).
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1/19/2022 NOVA Condominium Tower Tops Out At 41-05 29th Street In Long Island City, Queens—New York YIMBY

Construction has topped out on NOVA, a 24-story condominium tower at 41-05 29th Street in Long Island City, Queens.
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1/14/2022 Repeating the cycle: Astoria condo violates contract with city again—Queens Daily Eagle

Cyclists in Queens are again sounding the alarm on an Astoria condominium that they say isn’t living up to its agreement with the city to keep its public space open.
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1/14/2022 New York Condo Sells for Close to $190 Million; Hedge-Fund Billionaire Doubles His Money—Mansion Global

Billionaire investor Daniel Och has sold a Manhattan penthouse overlooking Central Park for close to $190 million, roughly double what he paid just over two years ago, according to people familiar with the deal.
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1/13/2022 REBNY Calls on Hochul to Help Deliver 560K New Housing Units by 2030—Commercial Observer

The Real Estate Board of New York (REBNY) is urging Albany lawmakers to act on what it says is the need for 560,000 new housing units in New York City as the population is expected to hit 9 million by 2030, something that has not escaped the attention of city officials since a similar New York University study came out in 2016.
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1/13/2022 JP Morgan, Lionheart Lend $229M on Tribeca Clock Tower Building—Commercial Observer

The Peebles Corporation and El Ad Group have landed a $229.4 million refinance for 108 Leonard Street, the developers’ luxury condominium building in Tribeca, Commercial Observer has learned.
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1/13/2022 Justin Timberlake sells Tribeca penthouse for $29M—6sqft

According to city records, Justin Timberlake has sold his 5,400-square-foot condo at 443 Greenwich Street for $29 million in an off-market sale at the end of December, the Wall Street Journal reports.
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1/13/2022 A-Rod buys $9.9M NYC co-op after ‘begging’ for board to approve him—NY Post

He almost couldn’t swing it.
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1/10/2022 Landlords Warn Steep Tax Hikes from Good Cause Eviction Law—Real Estate Weekly

The Rent Stabilization Association today characterized Albany’s proposed “good cause eviction” bill as another politics-driven rent control scheme that would create one-sided lease agreements between landlords and their tenants because only renters would have the option of terminating the lease.
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1/10/2022 Donald Trump’s niece, Mary, buys $7M Soho condo—The Real Deal

Author and niece of former President Donald Trump, whose tell-all book about the Trump family ruffled the feathers of The Donald — on its way to selling more than a million copies — has coughed up $7 million for a Soho condo, the Wall Street Journal is reporting.
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1/10/2022 UN worker diagnosed with cancer after living near transformer on Roosevelt Island: suit—NY Post

A United Nations worker claims he came down with cancer after living next to a radiation-spewing electrical transformer outside his Roosevelt Island apartment, according to a lawsuit.
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1/10/2022 Chaos at the Chatsworth: Co-op says HFZ plundered reserves—The Real Deal

Ziel Feldman’s HFZ Capital Group bought the Chatsworth to return the once coveted Gilded Age building to its “original glory” by converting its rentals into co-ops.
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1/10/2022 Is a Condo a Good Investment?—US News & World Report

Weighing the options of purchasing an investment property amid today’s fast-moving market can be a difficult decision, especially when considering the many types of homes available in today’s market.
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1/4/2022 Manhattan housing market makes record rebound to close out 2021—6sqft

New York City real estate made a major comeback to close out 2021, experts say.
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1/4/2022 HPD Announces Plans For 100% Affordable Development In Brooklyn—Real Estate Weekly

The New York City Department of Housing Preservation and Development (HPD) today announced the development partners and plans for Site 1 of the Bedford-Stuyvesant Community Wealth and Wellness RFP.
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1/3/2022 Hochul signs co-op protection measure—Queens Chronicle

Gov. Hochul signed into law legislation that will protect co-op shareholders on Dec. 22.
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