The Real Deal - New York Real Estate News

Tenant group aims to draw Albany’s eyes with two more 421a suits

Posted: 29 Mar 2022 06:30 AM PDT

As state lawmakers finalize budget negotiations ahead of Friday’s deadline, the fate of 421a, a popular tax break among multifamily developers, hangs in the balance. The tenant advocacy group Housing Rights Initiative has seized on that window to generate two more lawsuits against landlords accused of flouting the program’s rules. The nonprofit’s hope is that Albany is watching. The group’s latest investigation alleges that World Wide Group, the landlord of 41-42 24th Street in Long

Timberlake’s former penthouse hits market 2 months after sale

Posted: 29 Mar 2022 05:45 AM PDT

Just two months after Justin Timberlake said “Bye Bye Bye,” to his penthouse apartment at 443 Greenwich Street, the unit is back on the market. This time, unit PHG is asking $35 million. Timberlake and wife Jessica Biel sold the penthouse in January for $29 million. The couple picked up the home for $20.2 million in March 2017. The buyer’s — and now seller’s — identity was shielded behind Menemshovitz NY Realty, a corporation registered

Check out TRD’s official online store for branded apparel, books and more

Posted: 29 Mar 2022 05:00 AM PDT

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Criterion Group plans 170K-sf industrial building in LIC

Posted: 29 Mar 2022 04:00 AM PDT

After a rocky courtship that led to a lawsuit, a near-divorce and an $80 million price tag, Shibber Khan’s Criterion Group is ready to settle down with 22-09 Queens Plaza North. The industrial and multifamily firm submitted plans to build a 170,000-square-foot industrial building on the Long Island City plot near Queensbridge Park, which it first began pursuing in 2014. Once completed, the building will stand 65 feet tall and have four loading berths. Its