New York Real estate news

NYC Mayor Adams And Manhattan D.A. Alvin Bragg Make Law Enforcement Announcement

NYC Leader Pushed for Lucrative Real Estate Deals Despite Losing Bids: Report

Hamilton was accused of steering a lease to a property owned by an individual who raised donations for a trust paying the lawyers representing Mayor Eric Adams.
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NYC Landlords Now Banned From Forcing Tenants To Pay Thousands of Dollars in Real Estate Broker Fees

The City Council passed the bill with a veto-proof majority of 42-8. Landlords in New York City are no longer allowed to force their tenants to shoulder thousands of dollars in real estate broker fees in a new legislation passed Wednesday.
New York City's Iconic Flatiron Building To Become Apartments

NYC to Turn One of Its Most Photographed Landmarks Into a Condominium by 2026

The Flatiron will have 60 high-end condominium units sold at market rate. New York City is now preparing to turn the Flatiron Building--one of the most photographed landmarks in the area--into a high-end condominium by the end of 2026.
432 Park Avenue

Wealthy Homeowners Are Selling Their ‘Billionaire’s Row’ Units at a Loss: Report

One condominium unit is selling for nearly 18% less than its price last year. Wealthy homeowners of condominium units at an ultra-luxe building on Manhattan's "Billionaires' Row" are selling at a loss following lengthy legal disputes that mired the building.
Becoming Squatters, How Life Can Suddenly Change

New York Passed a New Law to Combat Rising Squatting Incidents

The new law will allow police to intervene in squatting cases instead of forcing the homeowner to file an eviction lawsuit in court.
7 Ways to Use Outdoor Advertising In New York to Promote Your Real Estate Business

Here’s a Full Look into New York’s Plan To Address the State’s Housing Affordability Crisis

The new plan includes a clause that would help bolster the development of affordable housing units and provide tenants protection.
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New York Could Soon Introduce a Bill To Ease Housing Affordability Crisis

The bill would allow developers to convert vacant office buildings to apartment units and make it more affordable to build new properties.

Bill Filed in New York To Prevent Squatter From Having Rights

The bill would allow police to intervene and make arrests in squatting incidents. A state assemblyman from Long Island recently filed a bill that would prevent squatters from having rights and taking advantage of free housing.
Activists Call On NYC Mayor And Housing Authority To Address To Jacob Riis Houses' Water And Gas Crisis

Woman Brutally Stabbed in Brooklyn Sues New York Housing Authority for Negligence

A 2022 audit found that 90% of the NYCHA building's locks were broken. A Brooklyn woman who was brutally stabbed more than 10 times by a career criminal has filed a negligence complaint against the New York Housing Authority (NYCHA) for allegedly failing to keep the entrance to one of its buildings locked.

New York Real Estate: First Micro-Unit Building Will Welcome Residents in June

People who have reserved units in the Carmel Place can now move to their new micro home starting June 1.

New York Real Estate: Townhouse Once Home to Alexander Hamilton’s Son Available for $10M

The historic home that once belonged to Alexander Hamilton's son is now listed on the market for $10 million.

Real Estate News: New Report Reveals Manhattan as the Worst Place to Rent in the US

A recent study revealed and confirmed that renting in Manhattan is prohibitively expensive and the worst in a wide range of criteria.

New York Real Estate: DraftKings Lawyer Buys Upper East Side Townhouse for $14.4M

After months of being on the market, the six-bedroom Upper East Side townhouse is now owned by the DraftKings lawyer Randy Mastro.

New York Real Estate: Find Out Which Neighborhoods Offer the Priciest & Cheapest Townhouses in the City

A new survey revealed that owning a townhouse may just be possible depending on the location that the buyer is looking into.

New York Real Estate: Robert A.M. Stern's New 70 Vestry Asks an Average of $14M

The collaboration between Robert A.M. Stern Architects and Related Companies resulted in another pricey real estate project.

New York Real Estate News: Zombie Home in Mount Vernon Demolished by City Council

In an effort to remove all the so-called ‘zombie’ homes in the Mount Vernon area, a vacated home at 136 Park Avenue that was burnt two years ago and is in immediate danger of collapsing, was demolished by the city council last Sunday.

New York Is Killing Modular Construction

Modular construction was supposed to solve the housing woes of New Yorkers but high rent and expensive overhead are making the business a tough sell.

New York Real Estate: Most Expensive Townhouse in Harlem Sold for Under $5M

A townhouse located in Hamilton Heights, Harlem was sold for an estimated price of $5 million, and it has set the record for being the most expensive townhouse in the neighborhood.

Chinese Insurance Giant Ping An Sets Eye On US, Plans to Spend Billions on New York Real Estate

The real estate division of Chinese insurance powerhouse Ping An announced that it is prepared to invest billions in the United States and is squarely targeting New York City as the recipient of numerous real estate investments.

London Real Estate News: Luxury Real Estate Market in London Twice as Expensive as New York's

If you think New York’s luxury real estate is highly expensive, then you should think twice for London’s luxury real estate.