The Real Deal - New York Real Estate News

A new Target store’s homage to its historic East Village club ends in apologies

Posted: 04 Aug 2018 01:00 PM PDT

Target borrowed the aesthetic of a beloved punk club where bands like the Ramones once played and the feedback was immediate and visceral: No. “They have committed what might be the most deplorable commodification of local neighborhood culture I’ve ever witnessed,” Jeremiah Moss, author of Vanishing New York: How a Great City Lost its Soul tweeted, among an onslaught of outrage and disappointment, as Curbed reported. The launch event occurred two weeks ago and the […]

A-Rod’s business partner sells Hollywood rentals for $23M

Posted: 04 Aug 2018 12:00 PM PDT

Alex Rodriguez’s business partner just sold a townhome complex in Hollywood for $22.8 million, or about $330,000 per unit. Property records show Royal Oaks United, owned by Stuart Zook, sold the 69-unit Royal Oaks apartment complex at 3200 Stirling Road to Preston Giuliano Capital Partners, a multifamily investment firm. Monument Real Estate Services, owned by the former New York Yankees player, managed the property, a spokesperson said. Zook is a principal at Monument Capital Management, […]

Could Google rename your neighborhood?

Posted: 04 Aug 2018 11:00 AM PDT

Google is taking names and giving them an unsolicited upgrade. Places like the East Cut (formerly San Francisco’s Rincon Hill, South Beach or South of Market neighborhoods), Brooklyn’s BoCoCa (aka between Boerum Hill, Cobble Hill and Carroll Gardens), and Detroit’s Fishkorn (not to be confused by the old name, Fiskhorn) are all the work of Google Maps suddenly changing names, according to the New York Times. Though some residents are up in arms over typos […]

You can retire with $35K or less in these five European cities

Posted: 04 Aug 2018 09:30 AM PDT

Retiring in Europe is a dream within the grasp of American couples picking up two Social Security checks per month. A recent survey found five European cities where life is affordable for a couple living off an average income of $33,696–a minimum annual salary calculated using the average Social Security check most seniors receive alone. As reported by CNBC, the findings show that for $35,000 or less per year, two retirees can live the American […]

Greenwich Village townhouse sale breaks NYC record

Posted: 04 Aug 2018 09:00 AM PDT

An early 19th century house has broken the record for the highest price paid for a townhouse in downtown Manhattan. The home at 37 West 10th Street sold for $37.2 million, according to the New York Times. Built in the style of Greek Revival architecture, the townhouse is dated to 1838. The five-story home was sold by British interior designer Rebekah Caudwell and real estate developer Nicolas Dupart. Caudwell and Dupart bought the home for […]

Why Trump International Hotel’s revenue from room rentals finally ticked up

Posted: 04 Aug 2018 08:06 AM PDT

It pays to be flexible. When Saudi Arabia’s Crown Prince Mohammed bin Salman came to New York in March he needed some overflow suites that The Plaza apparently couldn’t accommodate, so the guests were sent off to the Trump Organization’s Trump International Hotel. The “last-minute” five-day delegation was responsible for bumping the Manhattan property’s revenue from rental rooms by 13 percent in the first quarter of 2018–no paltry figure for a hotel that hasn’t reported […]

Are resi markets headed for an apocalypse?

Posted: 04 Aug 2018 07:00 AM PDT

All for one and one for all is officially an appropriate slogan for the global housing market. The International Monetary Fund is warning that, because the wealthy are parking money in various homes around the world, the fate of cities’ housing markets are increasingly linked together–meaning that if one takes a hit, it’s becoming more and more likely that other markets will too, as Bloomberg reports. Why the downward trend? A confluence of factors ranging […]

Just what every skyscraper needs: a gigantic 350-foot waterfall

Posted: 04 Aug 2018 06:00 AM PDT

A gigantic waterfall cascading down the side of a skyscraper has received mixed reactions from locals in Guiyang, China. The first impression when residents initially glimpsed water falling 350 feet–nearly the entire height of the 400-foot skyscraper–was concern. As cited by the New York Post, the Times of the U.K. noted that people “telephoned newspapers to report what they believed was a massive water leak.” It was actually the dramatic reveal of a somewhat controversial […]