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New York Real Estate News
NJ’s suburbs are in a full-blown bidding war frenzy — with houses going 33% above asking
New Jersey’s suburban gold rush has no ceiling in sight, and buyers are paying whatever it takes. Forty-two Euclid Ave in Maplewood hit the market at $1,795,000. It sold for $2,279,000, a staggering 27% above ask. Down the road in South Orange, 376 Melrose Pl...
The $88M LA mansion everyone wanted but no one could close finally lands a buyer after 11 years
A glamorous Holmby Hills estate once asking $88 million — and formerly home to the late fashion designer Max Azria — has found a buyer again, in yet another chapter of its turbulent history, Gimme Shelter has learned. Made for entertaining, the estate was last...
The skyscraper could only be born in America
Ground will be broken for Two World Trade Center on July 9. It’s appropriate that the final tower at the site once called “Ground Zero” is to be the new headquarters of the American Express Company. America, after all, is where skyscrapers were invented. And...
Huge LA tower to become super cheap apartments — with rents under $1,000
One of downtown Los Angeles’ biggest office towers is about to get a dramatic makeover — and some tenants could pay less than $1,000 a month to live there. The aging and underutilized World Trade Center will be transformed into a 512-unit affordable housing...
Midtown East loses its only homeless shelter as city shutters 35-year-old center
City Hall insists it is tackling New York’s homeless crisis — but in Midtown East, it’s about to get worse. At the end of business Tuesday, the Mainchance homeless drop-in center — the sole homeless center in the neighborhood — will close for good, displacing...
It’ll take 65 years to save for a down payment in NYC — but less than 4 in this popular city, new data shows
Aspiring homeowners in the Big Apple better get comfortable renting. Your average New Yorker would need a staggering 65 years to scrape together the median down payment for a first home, according to a new analysis from Rocket Mortgage, while buyers in parts of...
Northeast and Midwest offset flatlining home value growth
National home value growth ground to a near standstill in April, with moderate gains in the Midwest and Northeast offsetting declines in many Sun Belt and Western metros, reflecting the ongoing fragmentation of the US housing market. At the national level, the...
Take a look inside one of Calif. wine country’s oldest homes — built 158 ago years for ‘pioneering settlers’
One of the oldest homes in California’s wine country has been brought to the market for the first time in more than a decade—having changed hands on only a few occasions since it was built for one of Sonoma County’s most prominent “pioneering settlers.” Built...
Why tiny NYC home is on sale for just $9m — after owner sunk $16m on it
A six-story Upper East Side townhouse that cost its owner over $16 million to buy and renovate is now on the market for just under $9 million — a staggering $7 million loss. The seller, who requested anonymity, bought 238 1/2 E. 83rd St. in January 2013 for...
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