Stephen Maycock, a senior vice president at DJK Residential, has a three-bedroom apartment available, a "good family apartment" in the West 60s. Last year, it rented for $6,500 per month. This year, the landlord is asking $6,250. Three or four offers have come in, all of them demanding a month’s free rent, broker’s fees paid Read More
By Leigh Kamping-Carder 12/16/08 2:01pm
Although he collects rent checks from thousands of tenants in his 31,000 square feet of Manhattan office space, Cheni Yerushalmi would never call himself a landlord.
"Most landlords out there, they don’t care," he said. "They just care about getting paid. I believe if you give [tenants] enough tools, not only will they grow, Read More
By Leigh Kamping-Carder 12/11 12:49pm
Joe Del Senno, 25, works long days and irregular hours. As a freelance cameraman, he lugs cameras and tripods between City Hall, Park Slope, Midtown and back home to the small three-bedroom he shares with a roommate in Astoria, Queens. He owns a car – he grew up in Flushing – but cannot afford parking Read More
By Leigh Kamping-Carder 12/05/08 4:54pm
It seemed that in November, after the Big Four in New York commercial and residential real estate—CB Richard Ellis, Cushman & Wakefield, Prudential Douglas Elliman and the Corcoran Group—cancelled their firm-wide holiday parties, other companies would follow suit. Not so, according to an Observer poll of 10 more of the city’s top brokerages.
By Leigh Kamping-Carder 12/04/08 12:59pm
Once upon a time, a certain Floridian man required the services of a private jet. His girlfriend had spotted a pair of designer shoes, and she simply had to have them. But there was a problem: The shoes didn’t fit, and only one store in the United States had the appropriate size. It was in Read More
By Leigh Kamping-Carder 12/01/08 12:52pm
It’s been three years since the Athena Group purchased the lot at 111 Central Park North, occupied then by a low-slung brick building that housed a hair salon and a parking lot.
In the ensuing years, the development company built a glossy condominium tower, outfitting its 88 units with marble countertops, Viking ranges and Read More
By Leigh Kamping-Carder 11/26/08 8:14pm
After years of threatening service cuts on the G train, the Metropolitan Transportation Authority is once again angering riders and advocates, who believe the agency is exploiting a funding emergency to justify bisecting the G’s route.
"Every year, it seems, they try to come up with yet another reason for doing it," said Teresa Toro, Read More
By Leigh Kamping-Carder 11/20/08 1:15pm
The Manhattan zip code with the greatest number of home sales of at least $5 million this year has been 10023 on the Upper West Side. (Research site PropertyShark mined the data based on closed deals through Oct. 17.) No surprise, since the area includes 15 Central Park West and the Time Warner Center. Read More
By Leigh Kamping-Carder 11/17/08 8:22pm
If you need further evidence that consumer confidence is shaky, pick up a copy of The Real Estate Book this December.
Next month, the glossy advertising guide will devote 20 percent of its print pages to promote homes that have already sold. The program, Just Sold 2008, is the company’s attempt to offset industry pessimism Read More
By Leigh Kamping-Carder 11/14/08 1:47pm
In 2005, Albert Maysles, the renowned documentary filmmaker, sold his family’s longtime home in The Dakota and began planning the construction of an art house cinema in Harlem.
In the opinion of the director’s son, Philip Maysles, 28, the co-op building on West 72nd Street had become "a lot less fun." Although the Read More