Valued at $22M, bought for $35M: How much is a distressed office worth?

20 September 2024

The ongoing saga of 16 East 40th Street, a modest, century-old office building in Midtown Manhattan, sheds light on the uncertainties surrounding the valuation of distressed office assets in today’s market. The building, co-owned by Albert Monasebian and Nader Hakakian, […]

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Brooklyn poised to outpace Manhattan in new development sales

13 September 2024

Brooklyn is gaining momentum in the new development market, with August showing a significant uptick in contracts, while Manhattan remains steady and the luxury market struggles, according to Marketproof’s monthly report. In August, 246 contracts were signed citywide, slightly up […]

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Vanbarton unloads FiDi building seized from failed Crowdfunder

2 August 2024

A property in the Financial District that was once part of Prodigy Network’s crowdfunded portfolio has recently been sold for $64.5 million. The building, located at 17 John Street, was purchased by a LLC linked to Housing Solutions, a firm […]

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Manhattan’s luxury market gains momentum after slow summer start

28 June 2024

Manhattan’s luxury real estate market is recovering after a sluggish start to the summer. Last week, buyers signed contracts for 31 properties priced at $4 million or more, matching the same period last year, according to Olshan Realty’s report. This […]

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Vornado Realty Trust’s 220 Central Park South snagged another top-dollar resale and one of the priciest deals to hit the books so far this year. 

26 June 2024

An unknown entity paid $81.5 million for two units at the Billionaires’ Row tower, marking the second most expensive sale to close in New York City since the start of 2024, according to public records.  The two apartments, units 63 […]

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NEW YORK: Penthouse Exceptionnel de $10M+ à louer

11 June 2024

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Choosing your neighborhood: The key to finding your dream home

3 June 2024

When searching for your dream home in NYC, the first step is often selecting the right neighborhood. The neighborhood choice is crucial for home buyers, influenced by lifestyle preferences and convenience. “Different people prioritize different aspects of a location,” explains […]

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Conversion of the Saks Fifth Avenue office building into housing.

17 May 2024

Cohen Bros, which manages nine office towers in Midtown and is currently grappling with over $600 million in overdue loans, is set to redevelop the upper sections of a 499,100-square-foot tower located between 49th and 50th streets. The plan involves […]

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Coral Gables and Miami Beach: prime havens for luxury homebuyers

10 May 2024

Coral Gables and Miami Beach are now home to some of the priciest residences in the United States, attracting wealthy buyers and driving up real estate values. According to Zillow, Coral Gables’ Gables Estates tops the list with an average […]

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