In a city full of ultra-expensive properties, the most valuable of them all is the Empire State Building observatory. The 86th-floor tourist attraction is worth more than $20,000 per square foot, or double the amount paid for sky-high apartments on Billionaires Row. Beneath the observatory, the landmarked tower’s office suites are 94% leased.. Tax assessors […]
Empire State Building’s success leads to $50M tax bill Read More »
One of Manhattan’s oldest homes is looking for a new owner. The clapboard-and-brick building on Bedford Street in the West Village, which preservation officials say dates to 1800, has come to market for $12 million, according to a listing that appeared Wednesday. And the sellers of the 4-story, 3,600-square-foot city landmark are longtime fixtures of
One of Manhattan’s oldest houses for sale for $12M Read More »
A hugely popular Brooklyn bakery made its Manhattan debut this week with a soft launch in a West Village storefront it signed a lease for last year. L’Appartement 4F, which since its 2022 opening in Brooklyn Heights has had lines wrapped around the block for its hand-rolled croissants, started testing out its new kitchen at
Popular Brooklyn bakery soft-launches new West Village location Read More »
Mayor Eric Adams proposed a $114.5 billion budget for the coming year that cuts back on migrant spending while ramping up allocations for shelter beds, tax cuts and infrastructure. But he acknowledged uncertainties posed by a sluggish commercial office market and the policies of the incoming Trump administration. The preliminary budget for Fiscal Year 2026,
Adams proposes $115B budget with slimmer spending on migrants Read More »
Leases Coworking firm extends DuMont Building lease Address: 515 Madison Ave., ManhattanLandlord: GFP Real EstateTenant: Jay Suites and Jay ConferenceLease size: 60,000 square feetLease length: 12 yearsAsset type: OfficeBrokers: GFP Real Estate’s Jeffrey Gural represented the landlord and the tenant. Digital identity firm takes space in Columbus Circle Address: 3 Columbus Circle, ManhattanLandlord: The Moinian
Deals of the Day: Jan. 16 Read More »
The rapid shift to remote work, initially born out of necessity, has inadvertently led to a diminished workplace culture while enhancing the flexibility employees crave. To manage costs, some companies have turned to “hoteling” (employees reserve a desk only when needed) and “hybrid-at-will” (employees choose which days to come in) office models. Although these approaches
Op-ed: Anchor days are the key to hybrid work success Read More »
A Manhattan luxury rental developer appears to have a new project in mind for the Upper East Side. The Torkian Group, which is behind residential towers including The Cameo in Hell’s Kitchen and Solari in Midtown South, recently filed demolition permits with the city’s Department of Buildings for 1382, 1384 and 1386 Second Ave. The
Luxury rental developer to demolish trio of Upper East Side buildings Read More »
The company also plans to support candidates who are aligned on interests such as increasing housing supply and promoting tourism.
Airbnb to spend millions in lobbying New York to ease rental ban Read More »
Left-wing candidate Zohran Mamdani raised far more money in recent months than his rival contenders for New York City mayor, while Eric Adams had a decent showing after being forced to resume fundraising, according to the latest disclosures filed Wednesday. Meanwhile, the fund that Adams created to cover his legal defense costs is now about
Progressive leads latest mayoral money-raising as Adams’ legal defense goes into debt Read More »
