1+ mon, 3+ week ago   (289+ words) Developer pays $30M for former New York Presbyterian Hospital residence hall Kings Capital acquired a long-vacant 17-story building in Manhattan’s Financial District with plans to convert it into a sleek rental building. The development group, led by George Giannopoulos and Jeffrey…...

1+ mon, 3+ week ago   (641+ words) Mamdani’s signature second home tax gets DOF tweaks, moves ahead The controversial pied-à-terre tax just got a batch of new updates from the Department of Finance. The Mamdani administration’s first effort to tax the rich raised plenty of questions and…...

1+ mon, 3+ week ago   (275+ words) Hi, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: City Council member Farah Louis, Department of Finance, the Department of Buildings and others. Have a tip or feedback? Reach me…...

1+ mon, 3+ week ago   (376+ words) A Lincoln Park home, tied to student-housing developer Scion Group’s Rob Bronstein and his wife, was listed again after a price cut to $6.95 million on Wednesday, according to a Zillow listing. The 9,500-square-foot mansion at 1878 North Orchard Street first hit…...

2+ mon, 1+ week ago   (1318+ words) New dev shortage, influx of wealthy tenants and looming pied-à-terre tax drive rents higher Mike Fabbri has been quietly searching for a buyer for his client’s West Village townhouse. So far, he hasn’t had any takers. Instead, the Agency broker…...

2+ mon, 1+ week ago   (821+ words) In Sigoura’s first development job he was tasked with handling the hotel union protesting The Plaza hotel condo conversion. Now he is on his own and smashing records for his new condo project on the Upper East Side Victor Sigoura’s…...

2+ mon, 2+ week ago   (502+ words) State legislators are targeting home flippers, even as the market cools amid rising renovation costs In New York City, state legislators are eyeing another tax on home flippers in an effort to end allegedly predatory home-buying practices, particularly in communities…...

2+ mon, 2+ week ago   (476+ words) Progressive gains could bring back measures long opposed by landlords A larger socialist bloc is headed to Albany, setting up fresh fights over real estate policy. The Legislature’s Democratic Socialists of America caucus is poised to grow from nine members…...

2+ mon, 2+ week ago   (630+ words) A wave of Mamdani-backed wins stands to change Albany, DC dynamics Landlord and homeowner groups are steeling themselves for a new reality in Albany. “The socialists have made no apologies on their positions when it comes to housing,” Kenny Burgos,…...

2+ mon, 3+ week ago   (367+ words) Three buildings will include 599 permanently affordable units David Picket’s Gotham Organization is forging ahead with its multiphase affordable housing project in East New York. The firm filed applications for three buildings in the Brooklyn neighborhood that are part of its…...