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[20 Oct 2014 | No Comment | ]
Suzuki secures construction loan for Gramercy condo

Developer Sam Suzuki has secured an $18 million loan to convert a former Gramercy police precinct into luxury condos.

Mortgage Equicap LLC announced this morning (Monday) that it arranged the non-recourse construction loan for a 12-unit condominium conversion near Gramercy Park.

Brokers Weekly »

[17 Oct 2014 | No Comment | ]
Flatiron District getting 400 new apartments

By Holly Dutton
Over 400 new apartments are being built in the Flatiron District as developers eat into every piece of land available in the neighborhood.
Chinese developer Cheerland Investments could build as many as 106 apartments at 105 East 22nd Street, 106,000 s/f building it just bought for $128 million, according to brokers familiar with the property.
Along the street, at 455 East 22nd Street, developer Bruce Eichner is building a nearly 800 ft. tall luxury tower that will have 83 units.
And just west of that, at 7 West 21st Street, Friedland …

Brokers Weekly »

[17 Oct 2014 | No Comment | ]

● Lonicera Partners
Historic moment in Cobble Hill
Stribling Marketing Associates has announced the launch of sales at the eight-unit residential building located at 173 Amity Street in Cobble Hill, Brooklyn.
Developed by Lonicera Partners, the 1900-era four-story limestone building is less than a block from Court Street.
“173 Amity exemplifies the high demand for modern, yet historic residences in a superior Cobble Hill location,” said Demetrios P. Yatrakis of Lonicera Partners.
“We believe that prospective buyers are going to be very drawn to the culture and lifestyle of the neighborhood.”
Interior design is by PKSB …

Brokers Weekly, Featured »

[17 Oct 2014 | No Comment | ]
Patience pays off for Lindauer

By Dan Orlando
Shelley Lindauer understands how to make it in real estate, because she understood how to make it in philanthropy.
In both, it’s about identifying needs and then matching them.
“I had million dollar donors at the organization that I was at and fundraising was a big piece of my portfolio.
“Fundraising and real estate sales are very, very similar,” Lindauer said.
The New York native entered the business after a lengthy career as the executive director for Women of Reform Judiasm.
During her tenure, Lindauer doubled endowment funds at the organization before being …

Brokers Weekly, Featured »

[17 Oct 2014 | No Comment | ]
Bushwick neighbor seeing prices go through the roof

By Holly Dutton
The exodus east for Brooklynites searching for cheaper rent has now reached Queens.
A recent third quarter report from Massey Knakal Realty Services showed that buzzy Bushwick’s next-door neighbor, Ridgewood, has exploded in the number of properties sold in the past four years — a meteoric 718 percent rise in building sales since 2010.
The New York Times reported on Ridgewood last summer, detailing how increasing rents in Brooklyn began to push artists and young people towards Queens.
And this April, the New York Daily News ran a piece about Ridgewood …

Brokers Weekly, Photo Gallery »

[16 Oct 2014 | No Comment | ]

Jason Binn, Kevin Ryan and Town Residential hosted an evening to celebrate New York’s finest -Commissioner Bill Bratton and Rikki Klieman and their love for the city that never sleeps. The event was held on Monday, October 13th, 2014 at TAO Downtown Lounge, 369 West 16th Street. More than 150 people were in attendance, including: New York City Police Commissioner Bill Bratton and TV personality Rikki Klieman, Founder of DuJour Media Group Jason Binn, Founder and Chairman of Gilt Kevin Ryan, TOWN Residential CEO and Co-Chairman Andrew Heiberger, TOWN Residential President of Sales Wendy Maitland, Comedian Tommy Davidson, Chief Executive Officer of Giorgio Armani Graziano …

Brokers Weekly, Featured »

[15 Oct 2014 | No Comment | ]
13 more agents leave Bellmarc, head to Halstead

A week after ten Coldwell Banker Bellmarc agents left the firm for City Connections Realty, 13 more have now joined Halstead Property.

Geri Epstein, Leslie Bettison, Harriet Botwinick, Kim Cowal, Greta Elias, Neil Gallo, Marcia Gershon, Joe Irving, James Lake, Leslie Penny, Seth Price, Arnie Roitman and Richard Topp, joined Halstead today (Wednesday) the brokerage announced.

The exodus follows allegations of fraud and theft leveled at Bellmarc Group co-founder, Neil Binder, by his business partners.

Brokers Weekly »

[15 Oct 2014 | No Comment | ]

Between June and August of 2014, The Corcoran Group added 90 new real estate agents to its roster in the four market areas served by the firm, including 37 agents in Manhattan, 30 in Brooklyn, 14 on Long Island’s East End and nine in South Florida.
To accommodate the new agents who have joined Corcoran over the past three months, the company has signed leases for three new, larger office spaces in prime SoHo and Chelsea locations in Manhattan and Bridgehampton, Long Island.
The recruitment drive brings Corcoran’s total number of Manhattan …

Brokers Weekly, Construction & Design, Featured »

[15 Oct 2014 | No Comment | ]
Condo developers barred after naming elderly mother as the guy in charge

Attorney General Eric T. Schneiderman has banned two developers from the business after finding they lied about their shady backgrounds when buyers started complaining about shoddy work at a Harlem condo.

Instead of putting their own names on filings as the developers of the Mirada at 161 East 110th Street, Joseph Scarpinito and Shiraz Sanjana named Scarpinito’s elderly mother as the project developer to try to avoid anyone finding out about Scarpinito’s prior federal felony conviction for bank fraud.

Brokers Weekly, Photo Gallery »

[13 Oct 2014 | No Comment | ]
PHOTO GALLERY: TOWN hosts famed photographer’s exhibit

TOWN Residential  hosted the exclusive premiere of “Test of Time,” an exhibit featuring the work of renowned photographer Brian Hamill. The event took place on Oct. 9 at TOWN West Village, 446 West 14th Street.
More than 150 people attended to meet Brian and view his original work up-close. Celebrity guests included Harvey Keitel, Danny Aiello, Bobby Cannavale, Barry Levinson and Tony Sirico.
With a career beginning in the mid-1960’s, Brian Hamill is a highly-acclaimed photojournalist who has covered all subjects from Rock and Roll to politics and entertainment to sports. A self-proclaimed …

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