Real Estate
 

Casino investor lists Upper East Side townhouse for about $13M

CrainsNewYork.com (Real Estate) 11/5 7:32A C. J. Hughes
A casino investor is betting that a buyer will take an Upper East Side townhouse off his hands amid some financial setbacks. Jason Ader, CEO of the hedge fund Spring Owl Technology Partners, which is tied to a bankruptcy case over a collapsed...

‘Shark Tank’ star scoops up new Fifth Avenue penthouse for $16M

CrainsNewYork.com (Real Estate) 10/28 11:33P Julianne Cuba
Residential realty mogul and television personality Barbara Corcoran has traded in her old digs for a new, pricier pad, records show. The founder of Corcoran Group and a celebrity investor on ABC's Shark Tank has dropped $16 million on a...

Nonprofit merger creates new $15M cancer research institute

CrainsNewYork.com (Real Estate) 10/28 11:33P Ethan Geringer-Sameth
A new oncology research institute focused on the relationship between cancer and the aging body has launched out of the pending merger of two major nonprofit players in the field. The Midtown-based Mark Foundation for Cancer Research is acquiring...

Miami firm buys shuttered Long Island City hotel property for $13.9 million

CrainsNewYork.com (Real Estate) 10/27 11:33P Eddie Small
A Miami-based investment firm known for buying troubled properties in the city has acquired the site of a shuttered Long Island City hotel. Rialto Capital Advisors recently purchased 29-11 39th Ave. in the Queens neighborhood for about $13.9...

Once-struggling 28 Liberty secures $900M refinancing as vacancy drops to 8%

CrainsNewYork.com (Real Estate) 10/23 9:03A Aaron Elstein
Four years ago 28 Liberty St. was bleeding after a large tenant, the law firm Milbank, decamped uptown to Hudson Yards. The vacancy rate at the 2 million-square-foot tower that used to be called Chase Manhattan Plaza approached 15% – high for a...

Coney Island firm plans 20-story luxury residential tower in Lenox Hill

CrainsNewYork.com (Real Estate) 10/17 7:17A Julianne Cuba
Coney Island-based real estate firm Rybak Development is planning to demolish a low-rise Lenox Hill building, formerly home to a religious nonprofit, and put up a 20-story luxury apartment complex in its place. Sergey Rybak, founder and principal...

Medicare costs in New York among highest in U.S. while outcomes lag

CrainsNewYork.com (Real Estate) 10/15 11:33P Amanda D Ambrosio
New York ranked 35th nationally for Medicare health care quality, reflecting higher costs and worse health outcomes, new data shows. The Medicare program paid an average of $12,606 for each New York enrollee in 2023, the sixth most expensive...

JPMorgan disputes tax bills at four Manhattan properties

CrainsNewYork.com (Real Estate) 10/13 9:18A Aaron Elstein
JPMorgan says its tax bill is too high at four Manhattan properties and is fighting the city in court for a reduction. The global banking giant joins a long line of New Yorkers complaining about the city’s property-tax system, which is riddled...

The Met sells pair of UES townhouses for more than asking

CrainsNewYork.com (Real Estate) 10/13 7:22A Julianne Cuba
The Metropolitan Museum of Art has sold two Upper East Side townhouses on the market for the first time in nearly 50 years reportedly for more than asking. Following a bidding war, a private buyer is in contract to scoop up the pair of 5-story...

Eight-building Manhattan multifamily portfolio seeks $90M buyer

CrainsNewYork.com (Real Estate) 10/9 6:47A Eddie Small
A Long Island-based real estate firm is seeking more than $90 million for a portfolio of eight Manhattan residential buildings it has owned for decades. S&H Equities is looking to part with its buildings at 38-40 Carmine St., 90 Rivington St., 96...

Ayah and 5 other restaurants to try in October

CrainsNewYork.com (Real Estate) 10/2 11:33P Julianne Cuba
French restaurateurs Theliau Probst and Thibaut Castet have opened a Moroccan restaurant in SoHo as a love letter to a country close to their hearts. The pair did not know each other before they moved to New York more than 10 years ago, but they...
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