The Real Deal - New York Real Estate News

No lots? No problem: Developers turn retail into rentals

Posted: 04 Apr 2022 06:00 AM PDT

Experts agree: the multifamily market is on fire. Rents have exploded nationally as demand for apartment-living soars. And no region has seen greater growth than the Sun Belt, where rents have jumped 22 percent in a year, versus 17 percent nationwide, according to Realtor.com. But developers looking to cash in on that demand face a scarcity of buildable land. Not to be deterred, crafty firms are turning real estate’s lemons — retail stores and movie

In city ripe for deed theft, lawyer offers protection service

Posted: 04 Apr 2022 05:00 AM PDT

As Brooklyn’s housing market has surged, so have reports of deed theft. Duplicitous buyers looking to cash in on appreciating prices typically target Black and elderly homeowners. The city has struggled to stop it. From 2014 to 2020, some 3,152 complaints of deed theft poured into the Department of Finance. The city referred just 110 cases to prosecutors, resulting in a mere 48 arrests. Real estate attorney Toby Cohen is trying another approach. He has

Serhant establishes Hamptons outpost

Posted: 04 Apr 2022 04:00 AM PDT

Serhant is coming to the Hamptons. The brokerage firm has signed a lease for a multi-structure compound at 103 Hayground Road in the Southampton hamlet of Water Mill. “I have always had an active presence here, across all price points, and I’m excited to be bringing our firm to the Hamptons to better serve our local agents and clients,” Ryan Serhant, founder and CEO of the brokerage, said in a statement. The new office, to