The Real Deal - New York Real Estate News

From TRD Los Angeles: Out of any city in the world, Chinese buyers like Los Angeles the best. Based on a recent survey of high-worth Chinese individuals looking to emigrate, LA ranked the best globally with New York City coming in second. The top five ranked cities were all American, according to Mansion Global, with London being the first non-U.S. city to make the ranking. The U.K. capital was ranked sixth, notably beating out Canadian […]

The late Jim Kimsey’s sprawling estate is the most expensive Washington D.C.-area home to ever hit the market and now you can tour it from the comfort of the couch. Kimsey, who co-founded AOL and died in 2016, built the 48,900-square-foot residence and its 30-car garage after he bought the property in 1999 for $7.6 million, according to the Washington Post. The property is known as “The Falls,” for its perch above Great Falls Park […]

When Governors Island was decommissioned and an organization appointed to oversee its redevelopment, Peter Mack, the CEO and founder of Collective Retreats, saw a golden opportunity. He approached the organization with a compelling offer: create $700 per night accommodation with minimal building costs. How did he do it? By setting up luxury tents with a few shared amenities, as the Associated Press reported. The glamping experience features electricity, full beds with fine linens, an on-site […]

It can be hard to make a complaint when the data is against you as the organizers behind a country-wide protest against altered flight paths are discovering. Residents say the sudden appearance of noise is compromising their home values, but in several areas home prices are rising regardless of the nearby jet traffic. Starting in 2013, the Federal Aviation Administration (FAA) began changing flight paths to and from major cities throughout the U.S., rising the […]

Harlem-based contractor Atelier Premiere says Middlesex Corporation founder Robert Pereira is stiffing them on a $781,000 bill for faux-marble finishes in his monster mansion. The contractor alleges they redid the finishes twice due to Pereira’s complaints about the coloring of the faux-marble columns and pilasters that adorned his 11-bedroom property, nicknamed Le Palais Royale, in Hillsboro Beach, according to the New York Post. Atelier’s work at the 4.4-acre property began in 2015 and included work […]

They may be late bloomers, but millennials are playing it safe and smart about assets as they tie the knot. A survey of lawyers found that millennial couples, who are often delaying marriage years longer than previous generations, are increasingly signing prenuptial agreements with real estate and alimony being the key issues under negotiation before entering into their marriage, according to the New York Times. In a contested divorce in New York, any assets acquired over […]

A spate of Manhattan’s finest eateries closed–temporarily or permanently–due to a range of property damage-related incidents in the first six months of the year. The disappearance of about 1,500 restaurant seats throughout the borough so far this year would indicate to most insurance brokers an extreme weather disaster, like Hurricane Sandy, according to the New York Post, but there’s no smoking gun. “This year’s number of closings without a single major storm is unusual,” insurance […]