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By: C. J. Hughes

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Crain's New York

Residential Spotlight

February 17, 2022 by C. J. Hughes

Banker and city advocate looks to offload UES co-op

No. 17E at 550 Park Ave.

William E. Ford, chief executive of investment firm General Atlantic who also works on behalf of the Partnership for New York City, a powerful advocacy group, has listed his four-bedroom co-op, No. 17E at 550 Park Ave., for roughly $16.8 million.

Full Article @ crainsnewyork.com

Filed Under: Crain's New York

Who Owns the Block

November 22, 2021 by C. J. Hughes

Newly sold out 12-story condo tower in NoHo signals new vibe for a famed anti-capitalist hub

40 Bleeker St.

For the past year developers in SoHo and NoHo have felt squeezed from several sides.

The pandemic, of course, has hurt construction timelines and sales. And a proposal to rezone dozens of blocks to allow more than 3,000 apartments, a quarter of which would be for lower-income households, has some in the historic and affluent enclave worried that property values could drop.

It may come as a relief, then, to finally push a project across the finish line, as is the case with 40 Bleecker, a 12-story, 61-unit condo tower that signed its final contract on Nov. 12, seven years after Broad Street Development purchased its site.

Full Article @ crainsnewyork.com

Filed Under: Crain's New York

Who Owns the Block

August 5, 2021 by C. J. Hughes

One Boerum Place gamble pays off with huge lease deal

One Boerum Place

As Downtown Brooklyn continues to go from a governmental to a residential hub, a rental development appears to have set a record for the highest-ever price paid for a Brooklyn apartment.

The new building, One Boerum Place, has leased its largest penthouse for $27,000 per month, according to Avery Hall Investments, the project’s developer, which provided a redacted lease as proof of its claim.

Full Article @ crainsnewyork.com

Filed Under: Crain's New York

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