Thursday, May 23, 2013
It’s a trophy property if there ever was one. A stately mansion hit the market in the Clinton Hill area asking a whopping $4.88 million — a record asking price, according to StreetEasy. Despite the home’s relative grandeur, the most eye-catching detail in the listing photos is a stack of the current owner’s trophies (no, not the recently-dead kind, the sort you win at youth soccer tournaments) piled in the living room. The converted carriage... [more]
Thursday, May 23, 2013
Apartment dwellers who use Airbnb to rent out their rooms are worried they’ll lose out on the extra income, following a court decision this week that upheld a $2,400 fine against an Upper East Side landlord who used the service, DNAinfo reported. The ruling dealt with a tenant, Nigel Warren, who allegedly ran afoul of the city’s illegal hotel law by renting out his room using the short-term rental site, as previously reported. One Airbnb... [more]
Thursday, May 23, 2013
Bonjour Capital has finally closed on a long-stalled Bedford-Stuyvesant apartment complex that has been the subject of much dispute, paying $16 million, an attorney for Bonjour confirmed to The Real Deal today. The deal, completed this week, will allow the new owner to proceed with the 57-unit rental project. The conversion of the industrial building at 333-345 Greene Avenue is about 70 percent complete. Bonjour, in a partnership with real estate developer and manager Empire... [more]
Thursday, May 23, 2013
[caption id="attachment_246007" align="aligncenter" width="570"]  Max Fish[/caption]
Townhouse at 386 Van Brunt Street asking $2.15 million could set a Red Hook record if sold. Lehman Brothers to sell millions of shares of AvalonBay and Equity Residential. Brooklyn-bound Max Fish hightailing it out of LES by July. Digital marketing firm signs lease for 8,732 sf in Midtown South. Barbara Corcoran tells her story -- of going from a diner waitress to a mogul. Read these stories and more after the jump.
Thursday, May 23, 2013
 Sabrina Kleier Morgenstern, Michele Kleier and Samantha Kleier Forbes
From the May issue: Samantha Kleier Forbes and Sabrina Kleier Morgenstern share more than just their sisterly genes. Thry also share an office at Kleier Residential, the boutique residential firm co-founded by their mother, Michele, as Gumley Haft Kleier in the 1990s. Today the brokerage is one of the city's top boutique firms, and the three Kleier women have sold some $130 million worth of real estate in the past year. [more]
Thursday, May 23, 2013
The owner of the former Tung Fa Noodle Factory in Williamsburg, which most recently housed a group of artists who were evicted last year after losing a long legal battle, is aiming to convert the property to apartments, according to BuzzBuzzHome. Developer Mona Gora-Friedman filed an application with the Department of Buildings seeking to convert 338 Berry Street into an eight-story, 65-unit residential development, but it was disapproved, the website noted. The apartments would span... [more]
Thursday, May 23, 2013
Two Chelsea mixed-use buildings have sold for $15.9 million after three months on the market, the New York Observer reported. Located at 205 and 207 Eighth Avenue between 20th and 21st streets, the buildings have 23 apartments and two retail spaces. There will be renovations to the lobbies and the buildings’ facades. One of the retailers, a sex shop named Rainbow Station, which is now on a month-to-month lease, will be replaced with a more... [more]
Thursday, May 23, 2013
A 38,885-square-foot office and retail property on a well-trafficked stretch of Soho is up for grabs, The Real Deal has learned. The building — located at 415 West Broadway between Spring and Prince streets — could fetch over $40 million, according to sources with knowledge of the listing. Westchester-based commercial landlord Willett Companies owns the six-story building. The fully leased property has six retail and office tenants, including Jamali NYC Gallery, an art gallery, and Altamarea... [more]
Thursday, May 23, 2013
[caption id="attachment_245948" align="aligncenter" width="570"]  From left: Mitti Liebersohn, 1290 Avenue of the Americas and Matthew Astrachan[/caption]
UPDATED, 5:37 p.m., May 23: In what is the largest sublease of the year so far, Morgan Stanley has inked a 148,421-square-foot deal at Vornado Realty Trust’s 1290 Avenue of the Americas, according to data from commercial real estate firm Cassidy Turley provided to The Real Deal. See chart after the jump.... [more]
Thursday, May 23, 2013
Much to the consternation of area families, the New York State Department of Parks and Preservation has cut free children’s movie programming in Williamsburg’s East River State Park, in the wake of the Brooklyn Flea marketplace, co-founded by Brownstoner blogger Jonathan Butler, moving to the park, DNAinfo reported. Local parents claim that with the market set up on weekends and the kids programming cut, they hardly have access to the neighborhood’s rare green space. “This... [more]
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Restoring a Sag Harbor Eyesore
Thursday, May 23, 2013
The long-vacant Bulova Watchcase factory, near the heart of Sag Harbor, is being turned into a luxury residential complex; construction is set to be completed by winter.

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Mortgages: Reducing Refinancing Expenses
Thursday, May 23, 2013
Borrowers in New York who switch lenders might be able to eliminate the state’s mortgage recording tax.

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New York Real Estate Questions and Answers
Thursday, May 23, 2013
Answers to questions about limiting the number of rental units in condominiums; moving out while elevators are not in service; and income requirements for renting.

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Streetscapes | Lower East Side: Lower Second Avenue in Its Well-Behaved Youth
Thursday, May 23, 2013
Lower Second Avenue was once home to the carriage trade.

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Big Deal: The Year of Audacious Real Estate Pricing
Thursday, May 23, 2013
It was a season of astronomically priced properties in both New York and Miami.

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The Details: At the International Contemporary Furniture Fair, Going for the Remix
Wednesday, May 22, 2013
The International Contemporary Furniture Fair and its coterie of New York design week events showed that design is all over the map, its contours muddled and its direction uncertain.

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Market Ready: Add a Handrail to a Tricky Staircase
Wednesday, May 22, 2013
Our home has a precarious staircase with no handrail. Is it worth the trouble to add one before trying to sell?

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Currents | Goods: The Shabby Chic Dollhouse Recreates a Victorian-Style Cottage in the Catskills
Wednesday, May 22, 2013
The Shabby Chic Dollhouse recreates a Victorian-style cottage in the Catskills that lacks heat and running water but was dripping with charm.

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Currents | Shows: ‘Koloman Moser: Designing Modern Vienna 1897-1907’ Opens at the Neue Galerie
Wednesday, May 22, 2013
A show featuring the work of Koloman Moser opens Thursday at the Neue Galerie in New York.

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Currents | Books: ‘Furniture Makeovers’ by Barb Blair Covers 26 Restoration Techniques
Wednesday, May 22, 2013
The makeover specialist Barb Blair’s new book, “Furniture Makeovers,” describes 26 restoration techniques, like distressing and making small repairs.

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Currents | Q&A: Geoff Manaugh, the New Editor of Gizmodo, on Adding Design to the Tech Blog
Wednesday, May 22, 2013
Geoff Manaugh, the new editor of Gizmodo, on adding urbanism, architecture and design to the popular tech blog.

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In the Garden: The Hard Road to a Vegetable Plot
Wednesday, May 22, 2013
Before planting a vegetable garden, a plot of land must be cleared. The author’s challenge involved dislodging old beach rose shrubs with stubborn roots.

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On Location | Southampton, N.Y.: In the Hamptons, Where There’s Less to Mess
Wednesday, May 22, 2013
A call to order led a couple to trade their sprawling house for something smaller and more immaculate.

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Meticulous Downsize
Wednesday, May 22, 2013
Charles Gold Peri Wolfman’s perfectly arranged, and mostly white, Southhampton home.

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Existing-Home Sales Hit a 3-Year High
Wednesday, May 22, 2013
The price surge in home resales gave the economy a buffer from the belt-tightening in Washington.
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Shopping With Mirko Benzo: Wine Racks
Wednesday, May 22, 2013
A London sommelier leaves the restaurant cellar to consider wine racks to use at home (or on your bicycle).

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Property Values: Real Estate for Real Estate for $5.9 Million
Wednesday, May 22, 2013
A modern house in Studio City, Calif; an ancient Colonial in Massachusetts; and a two-building compound in Charleston, S.C.

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Homes for $1,995,000
Wednesday, May 22, 2013
A modern house in California, an ancient Colonial In Massachusetts; and a two-building compound in Charleston, S.C.

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International Real Estate: Real Estate in Morocco
Wednesday, May 22, 2013
A traditional Moroccan house with five bedroom suites, a multilevel roof terrace and a courtyard.

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House Hunting in Morocco
Wednesday, May 22, 2013
A restored 19th-century riad in Marrakesh, with five bedroom suites, is on the market for $1.3 million.
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I Was Misinformed: Come See Me in the Country This Summer. I’m Begging.
Wednesday, May 22, 2013
“I have a thing about summer in the country which is kind of a Don Juan complex with grass: I want it, I want it, I want it, and then when I get it I’m bored.”

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Square Feet: Ambitious Paris Project Takes Shape in the Suburbs
Wednesday, May 22, 2013
The 133-acre Clichy Batignolles, named for the adjoining neighborhoods in northwest Paris, will include offices, housing, a park and a court complex.

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Transactions
Tuesday, May 21, 2013
Notable properties that have been recently listed for sale, sold or leased.

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Square Feet: For Woodbury Common, an Overdue Makeover
Tuesday, May 21, 2013
Woodbury Common, a labyrinthine outlet complex north of New York City that draws shoppers from all over the world, is preparing for an expansion and an extensive overhaul.

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The 30-Minute Interview: The 30-Minute Interview: Bruce S. Fowle
Tuesday, May 21, 2013
Mr. Fowle is the founding principal of FXFowle Architects, which is working on the expansion and renovation of the Jacob K. Javits Convention Center.

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