According to bank regulators, this luxury-filled area in Midtown is considered low-income

Don’t let the luxury towers fool you: the area of Midtown just south of Trump Tower is a low-income neighborhood. At least, that’s how federal bank regulators have seen census tract 102, an area bounded by Park and Fifth avenues, 49th and 56th streets, according to the Wall Street Journal. Census data from 2010 puts […]

Median rent for new development units drops 8% in April

According to the most recent market reports, concessions are up and rent is down across most metrics in Manhattan. Overall, median rent fell 1.8 percent in Manhattan, dragged down by softness in the top 10 percent and in new development units, which fell 7.8 percent in April compared to the same month last year, according […]

In unusual move, Magnum renames the Luminaire nearly one year into sales

What’s in a name? When it comes to hawking condominiums, the right moniker can be a powerful selling tool. But the wrong one can also be a deadweight. In a rare move in new development marketing, Magnum Real Estate Group changed the name of its 385 First Avenue condo conversion project from the Luminaire to […]

Corcoran lands city’s priciest rental — and its listing agent

Andres Perea-Garzon — who holds the distinction of brokering the city’s priciest rental deal at $500,000 a month — jumped to the Corcoran Group after a year at Compass. Perea-Garzon rented out a suite on the 39th floor of the Pierre for half-a-million dollars back in 2014. The full-floor, 4,800-square-foot pad was re-listed for the […]

Gwyneth Paltrow consciously uncouples from Corcoran, slashes price on Tribeca pad

From Luxury Listings NYC: Pity Gwyneth Paltrow. The Goop-founder and Academy Award winner has been trying to sell her Tribeca apartment at 416 Washington Street for almost a year now, and it’s just been re-listed with a new broker, a new price of $9.995 million and lots and lots of glorious photos. [more] … [more] Source: Real Estate

Louise Sunshine, Shahab Karmely and more confirmed for TRD’s Broward event

The countdown is on for The Real Deal South Florida’s third annual Broward Real Estate Showcase & Forum on April 20. Our speaker confirmations are rolling in, and we’re pleased to announce industry veteran Louise Sunshine, New York developer Shahab Karmely and some of the region’s top real estate movers and shakers are among the notable speakers. More […]

Residents of 415 CPW use building’s windows to protest Trump

Some of the residents at a Central Park West co-op are using their windows to protest President Trump, but the building management is not impressed. The residents at 415 Central Park West are using large block letters to spell out the word “RESIST” in the windows, the New York Post reported. The building management is […]