Going once, going twice? Hudson Heights development site auction is back on

A bankruptcy auction has once again been set for One Bennett Park in Hudson Heights–and this time, it’s for real. The property, also known as 29 Overlook Terrace, is a notorious construction site that became one of the most prominent symbols of the country’s economic collapse in 2008 due to how long it has sat vacant. It was headed for foreclosure last summer, and an auction had been scheduled for mid-August.  However, this was delayed […]

source https://therealdeal.com/2019/07/01/going-once-going-twice-hudson-heights-development-site-auction-is-back-on/

With sale of two Brooklyn apartment buildings, a family shuts down its portfolio

A local real estate family has officially unwinded its portfolio, with the sales of two Brooklyn apartment buildings. The properties, located at 145 Henry Street in Brooklyn Heights and 15-19 Wyckoff Street in Cobble Hill, traded for $36.5 million combined to a group of investors led by Isaac Abraham, according to Lee & Associates. Abraham, the co-founder of Witnick Real Estate Partners, could not be reached for comment. The seller was the Estate of Alan […]

source https://therealdeal.com/2019/07/01/with-sale-of-two-brooklyn-apartment-buildings-a-family-shuts-down-its-portfolio/

Aby Rosen picks up Madison Avenue office property once center of family feud

A drawn-out family feud over a corner of Madison Avenue real estate came to a close last week when an octogenarian socialite finally parted ways with the property. Barbara Slifka, a former fashion editor at Harper’s Bazaar and a philanthropist who serves on numerous boards including the Guggenheim and the New York City Ballet, sold the property at 477 Madison Avenue to Aby Rosen’s RFR Holding for a price north of $260 million, sources told […]

source https://therealdeal.com/2019/07/01/aby-rosen-picks-up-madison-avenue-office-property-once-center-of-family-feud/

Townhouse at 2 North Moore sells for $27M after 5 years on the market

Five years after hitting the market, the sprawling mansion at 2 North Moore Street in Tribeca has finally found a buyer. Sources said the six-story house sold for $27 million — which is $21 million less than the initial asking price of $48 million in 2014. The same sources said the unknown buyer closed last week to avoid paying New York’s new mansion transfer tax, which goes into effect today. By closing before July 1, […]

source https://therealdeal.com/2019/07/01/townhouse-at-2-north-moore-sells-for-27m-after-5-years-on-the-market/

The Real Deal’s July issue is now available to all subscribers!

The Real Deal’s July issue is now live, and digital subscribers are getting the first look at what’s inside. Subscribers now have access to stories including: – Our cover package on the fallout from the industry’s crushing blow in Albany – A ranking of the top residential agents by closed sales in Manhattan, Brooklyn and Queens – A breakdown of the big sales at 212 Fifth Avenue, the luxe tower where Amazon’s Jeff Bezos just […]

source https://therealdeal.com/2019/07/01/the-real-deals-july-issue-is-now-available-to-all-subscribers/

Putting proptech to the UX test: the tools that work and the ones that don’t

The lobby of the Coral Gables theater is jammed with dozens of real estate techies. Some of them are the brains behind South Florida-based startup companies searching for capital and clients. The rest are brokers, developers, real estate investment managers and other industry executives looking to get in on the ground floor of the next big real estate software application. More than 400 attendees showed up for the May 14 Future of Real Estate Tech […]

source https://therealdeal.com/miami/issues_articles/putting-proptech-to-the-ux-test/#new_tab

Brooklyn luxury market saw 18 contracts signed last week

There were 18 contracts signed in Brooklyn’s luxury market last week for a total of about $50.2 million. The properties included 12 townhouses, five condominiums and one co-op, and they went for an average price of about $2.8 million, according to the latest report from Compass. (The brokerage recently acquired Stribling & Associates, which produced this weekly report.) The firm classifies luxury properties as all homes priced at $2 million or higher. The market was […]

source https://therealdeal.com/2019/07/01/brooklyn-luxury-market-saw-18-contracts-signed-last-week-2/