What costs $500, smells like urine, and bears no trace of modern day utilities? If you guessed a great real-estate investment, well then, you’d be right!
In a new series exploring its readers apartments, Gothamist shares the experience of Lisa R., who moved into her East Village tenement in 1980. The building had been abandoned for 10 years, which may account for its exceedingly poor upkeep. Read More
A stake in Ralph Lauren’s chichi emerald headquarters is up for grabs.
A 49 percent interest in 650 Madison Avenue, a trophy office tower just steps from the GM Building, is about to be put on the market, multiple industry sources told The Observer. The 500,000-square-foot building is valued at around $950 million, a source Read More
In the most significant office building deal to close since Google last winter grabbed 111 Eighth for $1.9 billion, Albert Behler’s Paramount Group has bought up the remaining 49 percent stake at 1633 Broadway in a deal that valued the building at $2 billion. A joint venture of Merrill Lynch and Morgan Stanley sold their interest Read More
When Bill Clinton arrived in Harlem on a sweltering summer day in 2001, Governor George Pataki proclaimed it “William Jefferson Clinton Day” in New York. Thousands of people flooded Adam Clayton Powell Jr. plaza and serenaded him with saxophones while the ex-president beamed like he’d invented jazz.
It’s therefore impossible to overstate the news that Read More
