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[19 Dec 2014 | No Comment | ]
Old is new again at Queens co-op

By Konrad Putzier
A studio apartment in this tree-lined co-op building goes for $192,000, and a subway ride to Grand Central takes 22 minutes door-to-door.
The only caveat: it’s in New York’s third-coolest borough, that part of the city where you can go for blocks without finding a single artisanal coffee shop and beards are still a sign of religious affiliation.
Developer Myles Horn, of Printing House fame, is betting that a growing number of apartment hunters will turn to Queens as prices in Manhattan and Brooklyn become increasingly unaffordable.
“It’s a place that’s …

Brokers Weekly »

[19 Dec 2014 | No Comment | ]

Hamptons homes unveiled
GRADE has unveiled designs for their latest luxury homes that Bespoke Real Estate is marketing in the Hamptons.
The properties include 285, 287, and 289 Parsonage Lane in Sagaponack South as well as 20 and 24 Gin Lane in Southampton. The portfolio of luxury homes is by Hamptons developer Jay Bialsky.
Bespoke co-founder Zachary Vichinsky, said, “The homes represent the best of the best, in the best locations in our market here in the Hamptons. It’s a collaboration of really talented people behind the projects.
“GRADE is on the cutting …

Brokers Weekly, Featured »

[19 Dec 2014 | No Comment | ]
New AIR apparent in Brooklyn rental race

By Dan Orlando
The surging luxury market of FiDi has earned plenty of ink over the past year, but just across the Brooklyn Bridge sits the BKLYN AIR, a striking symbol of Brooklyn’s hasty climb up the residential ladder.
The 432-foot high property is currently at 70 percent capacity since opening its doors in August of this year.Embracing panoramic views as a theme, the building’s curved sides are nearly completely coated in floor-to-ceiling windows, which offer residents unique views from multiple vantage points in their homes.
Diana Makdulina, leasing director of BKLYN AIR, …

Brokers Weekly, Featured »

[18 Dec 2014 | No Comment | ]
The builder who bets on a market that will always leave him the winner

By Konrad Putzier
“Ziel is a pain in the ass, I want you to print that,” said Kevin Maloney, sitting in his windowless office in the Flatiron District.
Then he laughed. For those who don’t know: the developer has a good relationship with his former business partner, Ziel Feldman, who now heads the rival firm, HFZ Development.
Maloney’s relationship with his current partner on a number of projects, Michael Stern of JDS Development, is more troubled.
The two developers reportedly fell out earlier this year — Maloney cryptically speaks of “different philosophies” — and …

Brokers Weekly »

[16 Dec 2014 | No Comment | ]

By Dan Orlando
Bellmarc co-founder Neil Binder has settled a lawsuit with former partners Larry Friedman and Anthony DeGrotta after they accused him of sexually harassing agents and using the firm as a piggy bank to fund an alleged drug habit.
In a statement issued last week, Binder said, “While the false accusations resulting from my initial termination of Anthony and Larry will always haunt me as a personal blemish on my 35 years of pursuing the highest standards in the business, I know Bellmarc is an outstanding, resilient company, and we …

Brokers Weekly »

[12 Dec 2014 | No Comment | ]

* Appendix added at end of story
Mirador Real Estate, a full-service residential brokerage focused on owner and developer representation in Manhattan, has opened its third office at 330 East 39th Street in Murray  Hill.
Mirador Real Estate launched in Spring of 2013 with an office at 60 West 23rd Street housing eight agents.
The firm was founded by 12-year industry veteran Karla Saladino, who previously owned SDB, a company which later rolled into Mark David, where Saladino was manager of leasing prior to its integration to the TOWN Residential business.
Saladino partnered with …

Brokers Weekly, Featured »

[12 Dec 2014 | No Comment | ]
Condo newcomer in right place at right time

By Konrad Putzier
JVL Property Group, Okada Acquisitions and Zion Enterprises took a gamble when they turned this former hospital from a rental development into condos at the last minute. Now they are about to find out if the move was worthwhile.
Sales at the seven-story, 55-unit building 432 West 52nd Street launched in October, with prices ranging from $610,000 for a studio to $2.395 million for a duplex apartment with terrace. Stribling, the brokerage marketing the property, declined to say how many units it has sold so far.
The building’s sales record …

Brokers Weekly, Featured »

[12 Dec 2014 | No Comment | ]
New York City brokers take luxury listings to Shanghai’s super rich

By Holly Dutton
With the explosion of Chinese buyers in the U.S. residential market, two TOWN brokers are jumping on the trend, attending a luxury property showcase in Shanghai.
According to research from the National Association of Realtors, China accounted for $12.8 billion of the $68.2 billion in foreign real estate transactions in the US last year.
So far this year, Chinese buyers have accounted for 24 percent of the market share, an increase from a 19 percent share last year.
The Asian nation is the second largest economy in the world and there …

Brokers Weekly, Photo Gallery »

[11 Dec 2014 | No Comment | ]

JDS Development Group and Property Markets Group, in conjunction with the New York Academy of Art, held a broker party  titled “The Art of Construction” within their new residential conversion project, Stella Tower. The evening featured artwork by Nicolas V. Sanchez, who commissioned dozens of artistic sketches detailing the building construction at Stella Tower from the beginning stages. Sanchez made a speech, in addition to the building’s Director of Sales Vickey Barron and Douglas Elliman Chairman Howard Lorber. Douglas Elliman President and CEO Dottie Herman was also in attendance. Stella …

Brokers Weekly »

[10 Dec 2014 | No Comment | ]

Gowanus, Kensington, Prospect Lefferts Gardens and Ditmas Park are en route to Brooklyn’s “hot map,” according to the experts at Ideal Properties Group.
The firm announced its 2015 predictions for Brownstone Brooklyn real estate last week and said it expects the area to set record highs in residential sales pricings, continuing their upward momentum established in 2013 and 2014.
And while Gowanus will remain in demand, Aleksandra Scepanovic, managing director of Ideal Properties Group said, “We are seeing a simultaneous push into neighborhoods previously not on the hot map of interest such …

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