Clik here to view.
New York City hotel rates are falling for the first time in years
The price of a night at a New York City hotel is falling for the first time in years, and some hoteliers are pointing the finger at short-term rental services such as Airbnb. The average hotel room...
View ArticleClik here to view.
New York City hotel construction is crashing
The numbers don’t lie: The wave of new hotel construction in New York – which peaked in 2014 – is finally crashing as dozens of new hotels come online and developers shy away from planning new...
View ArticleClik here to view.
Go inside Demi Moore's elegant $75 million Upper West Side penthouse
As of today, it has been one year since Demi Moore’s six-bedroom penthouse atop the San Remo building first hit the market with an astonishing $75 million asking price. If the 7,000-square-foot unit...
View ArticleClik here to view.
Hedge funder Edmond Safra just bought this landmarked townhouse for $20 million
Hedge funder Edmond Safra is the new owner of the Ogden Codman Jr. House on the Upper East Side, having acquired the mansion for $20 million from Manhattan Country School, according to property records...
View ArticleClik here to view.
US home foreclosures are at their lowest level since 2005
The United States is finally seeing the light at the end of the tunnel when it comes to home foreclosures.The number of properties in foreclosure dropped by 24,000 to 631,000 in March — the lowest...
View ArticleClik here to view.
The 5th Avenue co-op owned by the former 'King of Wall Street' has been...
The sprawling Fifth Avenue co-op owned for decades by recently-deceased, one-time Wall Street titan John Gutfreund is hitting the market, at a price fit for a “Master of the Universe.” The financier’s...
View ArticleClik here to view.
How real estate on the two sides of Central Park stacks up
Old money vs. older money. Lincoln Center vs. Lincoln Town Car. “Seinfeld” vs. “Gossip Girl”.There are many ways to compare the Central Park West and Fifth Avenue, but when it comes to real estate, the...
View ArticleClik here to view.
Hedge funder Daniel Nir just sold his massive Upper East Side home for $52...
Federal regulators may be cracking down on Wall Street bonuses, but hedge funder Daniel Nir is raking in profits from the sale of his Upper East Side co-op unit.The founder of Gracie Capital and his...
View ArticleClik here to view.
This $250 million, 4-story apartment would smash New York real-estate records
It has been whispered about for months, but now it's official: Vornado Realty Trust is offering up a palatial four-floor apartment at 220 Central Park South that is priced at a record-smashing $250...
View ArticleClik here to view.
The $76.5 million penthouse at the top of New York's tallest residential...
A penthouse at 432 Park Avenue that was asking $76.5 million is now in contract,The Real Deal has learned, in a deal that is likely to give developers of ultra-pricey product a pick-me-up.The...
View ArticleClik here to view.
Manhattan office leasing is tumbling
The Manhattan office market remained steady with 2.3 million square feet of leases signed in April – though year-to-date leasing figures of nearly 9 million square feet represent a nearly 11 percent...
View ArticleClik here to view.
Retail rents are falling across Manhattan
A global slowdown at in-store sales is hurting some of New York’s top retail corridors, with rental prices in much of the city trending downward, according to the Real Estate Board of New York.Rents in...
View ArticleClik here to view.
Craigslist founder Craig Newmark just bought a $6 million home in New York City
We’re betting that Craigslist founder Craig Newmark didn’t find the lovely Greenwich Village co-op that he just purchased for $5.9 million on his namesake website.Newmark and his wife Eileen closed on...
View ArticleClik here to view.
Tech billionaire Sean Parker may be building a megamansion in New York City
Napster founder and former Facebook president Sean Parker looks to be following Sarah Jessica Parker’s lead, combining a pair of Greenwich Village townhouses into a single mansion.The tech mogul...
View ArticleClik here to view.
This chart explains the slowdown in New York City's rental market
One of the bigger stories of 2016 is the slowdown in New York’s rental market. But what explains it?One common view is that rents simply rose too quickly in previous years, making many apartments...
View ArticleClik here to view.
Manhattan luxury sales are crashing
The luxury residential market has logged four strong weeks in a row, with 115 sales worth a combined $950 million, including a $76.5 million sale at Macklowe Properties’ 432 Park Avenue, according to...
View ArticleClik here to view.
Chinese firms are still plowing money into US real estate
Firms based in China spent a hefty $9.3 billion on a total of 47 American commercial real estate properties so far this year, more than doubling the second largest national contingent, Canadians, who...
View ArticleClik here to view.
Sarah Jessica Parker reportedly paid $34.5 million for two houses right next...
Carrie Bradshaw may have paid full price for her Manolo Blahniks but, in real life, Sarah Jessica Parker seems to like a bargain.The "Sex and the City" actress paid just $34.5 million for two adjacent...
View ArticleClik here to view.
Steve Cohen bulldozed his $63 million Hamptons home and is building a new one
Hedge fund billionaire Steve Cohen’s 10,000-square-foot East Hampton mansion apparently just wasn’t to his taste.The financier, whose SAC Capital Advisors was busted for insider trading in 2013,...
View ArticleClik here to view.
A Saudi royal might be buying the Plaza hotel for $352 million
Could the Plaza Hotel finally be getting a new owner?After a canceled foreclosure auction this spring, an unidentified member of the Saudi royal family and London-based investment firm 3 Associates are...
View Article