56+ min ago  (720+ words) The Mamdani Administration is backing a plan to turn an East Village parking lot on East 5th Street now used by the NYPD’s 9th Pct into a multi-purpose housing development with 131 affordable apartments, a senior center, community spaces. The plan calls for…...

1+ week, 3+ hour ago  (760+ words) For more than half a century, the Goldman family amassed one of New York City’s largest privately held real estate portfolios. At various points, the empire built by the late investor Sol Goldman included interests in the Chrysler Building, the…...

3+ week, 5+ day ago  (196+ words) The properties are controlled by Solil Management, a family run empire comprised of the heirs of the real estate empire of Lillian Goldman. As the NYPost detailed last year, the family is feuding and engaged in contentious litigation. The 87th Street…...

1+ mon, 2+ week ago  (287+ words) NYC Mayor Zohran Mamdani is trying to address the city housing crisis for the city’s poorest families with a new plan entitled ‘Block by Block: The Housing Plan for A New Era,’ that aims to build 200,000 new, rent stabilized homes…...

1+ mon, 4+ week ago  (668+ words) The first mortgages stretched back decades, from the 1980s through the 2000s. For years, the system appeared to work. The rents from commercial and residential tenants gave a steady cash flow. At 199 Ave. A, a smaller nine-unit building mixed longtime tenants with…...

2+ mon, 1+ day ago  (648+ words) When the Texas-based Thakkar Developers purchased 135 W. 50th St. for $8.5 million in 2024, it was viewed as a steal. Now, they are facing possible eviction. Just 18 years earlier, the building sold for $332.5 million, meaning UBS Realty Investors, the former owners of the tower,…...

2+ mon, 6+ day ago  (755+ words) In its first vote under a new mayor, the Rent Guidelines Board left the door open for a rent increase despite Mayor Zohran Mamdani’s promise of a price freeze for a million rent-stabilized tenants in New York. The board approved…...

3+ mon, 1+ week ago  (444+ words) A developer is looking to demolish five low-rise buildings on the corner of First Avenue and East 60th Street, in order to build a 39-story residential tower in their stead. This would notably involve getting permission to rezone the underlying site....

3+ mon, 2+ week ago  (734+ words) The median rent in Manhattan hit a record high of $5,000 per month, a six percent increase from the previous year, a new survey reveals, and that is forcing many younger New Yorkers to look outside the borough. Some young renters…...

4+ mon, 1+ week ago  (558+ words) The demolition of the historic 130 year-old St. Elisabeth of Hungary Church at 213 E. 83rd St., between Second and Third Avenues, is well underway. The developer AVENU wants to erect a seven-story luxury condominium building there, after purchasing the church’s underlying plot from…...