JPMorgan disputes tax bills at four Manhattan properties

CrainsNewYork.com (Nonprofits) 10/13 10:18A 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 (Banking) 10/13 8:22A 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...

Prime Manhattan, Brooklyn retail portfolio hits market seeking $60M

CrainsNewYork.com (Transportation) 10/10 7:03A Eddie Small

A major New York developer is hoping to take advantage of interest in the city's red-hot retail market by selling a portfolio of six storefronts across Manhattan and Brooklyn for $60 million. SoHo-based SK Development, led by the father-and-son...

City Council bill would make outdoor dining year-round, more businesses eligible

CrainsNewYork.com (Nonprofits) 10/10 12:33A Caroline Spivack

More than 80% of restaurants that once offered outdoor dining abandoned the practice under the Adams administration's seasonal restrictions, but a new City Council bill aims to restore year-round street dining and expand which businesses can...

Emergency room visits drive up city spending on health benefits, data shows

CrainsNewYork.com (Nonprofits) 10/10 12:33A Amanda D Ambrosio

Hefty prices for emergency room visits contributed to the city’s rising spending on health benefits for municipal workers last year, new data shows. The city spent roughly $9.1 billion on health care benefits for employees, retirees and dependents...

Eight-building Manhattan multifamily portfolio seeks $90M buyer

CrainsNewYork.com (Wall Street) 10/9 7:47A 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...

Mount Sinai to study Alzheimer’s risk among Chinese Americans with federal backing

CrainsNewYork.com (Politics) 10/8 12:33A Ethan Geringer-Sameth

Mount Sinai is planning to close a gap in clinical research on Alzheimer’s disease in Chinese communities with backing from the federal government. Researchers at the Icahn School of Medicine last month received a $25 million grant to study the...

Behind closed doors, race for City Council speaker heats up

CrainsNewYork.com (Transportation) 10/7 10:56A Nick Garber

There’s an early front-runner in the race for City Council speaker, a contest with enormous stakes for the next mayor and the city’s business community. But much could change before members cast their votes in January — including whether the...

Midtown developer unloads 6-bedroom townhouse in comeback week for luxury sales

CrainsNewYork.com (Nonprofits) 10/6 8:07A C. J. Hughes

A real estate developer has sold his townhouse after it spent nearly two decades on the market, and that deal helped lift the luxury sector last week. After a slow September for high-end home sales , the beginning of October saw a comeback....

NYC granny loses life savings to online scam — and she’s placing the blame on banks: lawsuit

NYPost.com (Metro) 10/4 5:22A Georgia Worrell

86-year-old Upper East Sider Nina Mortellito withdrew approximately $700,000 for the sick scammers, according to a lawsuit filed Friday in Manhattan Supreme Court.

Upper East Side townhouse developer hit with foreclosure suit

CrainsNewYork.com (Transportation) 10/3 8:37A C. J. Hughes

A foreclosure lawsuit on the Upper East Side has entangled a prolific flipper of townhouses. Russia-born developer Janna Bullock is accused of defaulting on an $8 million loan backed by 14 E. 82nd St., a 6-story, 9.500-square-foot prewar edifice...

Ayah and 5 other restaurants to try in October

CrainsNewYork.com (Nonprofits) 10/3 12:33A 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...

Sotheby’s sells Manhattan office to Weill Cornell for $510M

CrainsNewYork.com (Politics) 10/2 7:49A Natalie Wong, Bloomberg

Sotheby's sold its former headquarters on Manhattan's Upper East Side to Weill Cornell Medicine.  The auction house sold the property for $510 million, according to people familiar with the matter. The building, located one block from the East...

22-story residential project planned for Upper East Side

CrainsNewYork.com (Transportation) 10/2 6:28A Eddie Small

A busy developer's plans for an Upper East Side site are coming into focus. Manhattan-based real estate firm Avdoo has filed plans with the Department of Buildings to construct a 22-story, 50-unit residential project at 242 E. 71st St., located...

Four Madison Avenue buildings could get a makeover

CrainsNewYork.com (Banking) 10/2 12:33A Julianne Cuba

A 6-story residential-and-commercial building on Madison Avenue on the Upper East Side could be demolished and rebuilt to stand 16 stories tall, records show. Ward Dennis, a historic preservation consultant at Higgins Quasebarth & Partners, based...