341 Eastern Parkway

Shareholders of Milliken Company pay $52M for Crown Heights rental bu阿爱上海同城 阿拉爱上海同城ilding The 63-unit property at 341 Eastern Parkway came to market in 2014

341 Eastern Parkway

A company controlled by shareholders of chemical and textiles giant Milliken Company paid $52 million to acquire a 63-unit residential building in Crown Heights.

The eight-story building at 341 Eastern Parkway sits at the intersection of Franklin Avenue and Eastern Parkway, directly above a subway stop, an爱上海同城论坛 爱上海同城d near the popular retail strip along Franklin Avenue.

The seller, Bluejay Management, bought the property as a vacant lot in 2012 for $8.3 million, according to property records.

The 84,860-square-foot doorman building wit新爱上海同城对对碰论坛 上海同城对对碰交友社区h a mix of studios, one-bedrooms and two-bedrooms opened in 2014. Only two units are being marketed a studio l爱上海同城论坛 爱上海同城isted at $2,196 a month and a one bedroom for $3,111 a month, according to StreetEasy. Retail tenants include Starbucks, Capital One and an urgent care center.

Eastern Consolidated’s Matt Sparks and Alexandra Rossland were the listing brokers, the Commercial Observer reported. Scott Burk, a上海贵族宝贝交流区 上海贵族宝贝论坛lso of Eastern Consolidated, represented the buyer.

A ProPublica investigation last year into properties that were subject to a wage requirement for service workers in return for a 421a tax abatement found that management at 341 Eastern Parkway was among those not fulfilling their commitment. Workers there were attempting to unionize in March, and said they were f[……]

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Beverly Park

Beverly Park mansion with ties to ex-Kremlin tycoon to list for $29M Company linked to former Russian bigwig Mikhail Lesin bought the property for $13.8M in 2011
爱上海 爱上海同城手机版

Beverly Park Colonial mansion on 4.25 acres (Matthew Momberger)

A Colonial Beverly Park mansion with ties to an ex-Kremlin media tycoon will hit the market on Monday for $29 million, The Real Deal has learned.

The owner of the property, Dastel Corp., is linked to Russia’s former minister of communications and mass media Mikhail Lesin, who was behind the launch of international news network RT, reportedly Moscow s propaganda machine. Le爱上海同城对对碰 爱上海同城论坛sin unexpectedly fell out of favor with Putin an新上海贵族宝贝论坛 上海贵族宝贝交流区d moved to Los Angeles in 2009, purchasing $28 million worth of real estate. The properties included the Beverly Park home, which was purchased by Dastel for $13.8 million in August 2011.

Lesin was reportedly found dead inside a hotel room in Washington last year.

The 13,500-square-foot estate, which sits on 4.25 acres, is one of few properties in the gated community that offer panoramic city views.

Aaron Kirman and Neyshia Go of John Aaroe Group have the listing.

Lesin’s son Anton Lessine is registered as co-owner of Dastel Holdings, according to records. Lessine has built his career as a Hollywood movie producer, funding star vehicles for the likes of Woody Allen, Arnold Schwarzenegger and Brad Pitt.

Kirman called the seven-bedroom, 10-bathroom property unique, pointing to the ornate, artisan hand-painted crown moldings t[……]

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Dream Hotel Times Square

Eli Cohen buys distressed debt on El-Gamal and MHP Real Estate’s Dream Hotel site Investor sold an office pro上海千花网 爱上海同城对对碰perty nearby two years ago for $53M

From left: Norman Sturner, rendering of the Dream Hotel and Sharif El-Gamal (Credit: Getty Images)

Eli Cohen, who sold off a Times Square-area office building for $53 million in 2015, has returned to the neighborhood to snap up the distressed note on Sharif El-Gamal and MHP Real Estate Services’ Dream Hotel development site, property records filed with the city show.

Cohen’s purchase of the $63 million note from Colony Capital puts a large question mark on the future of the property at 560 Seventh Avenue, which has been in default since earlier this year.

Cohen did not respond to 上海千花网 爱上海同城对对碰requests 上海贵族宝贝交流区 上海贵族宝贝论坛for comment, and representatives for El-Gamal’s Soho Properties, MHP and Colony Capital each declined to comment.

In an article dated April 25, The Real Deal had misidentified the buyer as Hidrock Properties, but records filed with the city late last week show that Cohen closed on the purchase of the debt on May 11.

Cohen s acquisition, financed in part by hard-money lender W Financial, gives him the ability to foreclose on the site if he chose to do so. El-Gamal and MHP secured the $63 million loan from Colony when they purchased the site for $62.3 million in 2014.

They added to the development site the next year when they purchased air rights for another $9.2 million. Along with the Chatwal family’s Hampshire Hotels, the partners p[……]

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Hiram Monserrate

Monserrate: Either Moya committed mortgage fraud or he doesn t actually live in Corona Rivals are vying for City Council seat

Francisco Moya and Hiram Monserrate

Where does Assemblyman Francisco Moya really live? Political rival Hiram Monserrate would like to know.

Monserrate, who is running against Moya to represent Corona in the City Council, accused his rival of living in a Long Island City condominium that s outside the district. Moya has claimed on documents that he lives at his father s house in Corona.

Who would ever believe that a 43-year-old man would live with mommy and daddy and not in the penthouse suite that he purchased in Long Island City? I m calling Francisco Moya out for being a fraud and for being a liar, Monserrate said at a news conference Wednesday, according to the New York Post.

In a statement, Moya said Monserrate has conjured up all sort of easily disproven lies to distract from his failed campaign. “These are just the sad ramblings of a 爱上海 爱上海同城手机版deeply disturbed m上海夜网 阿爱上海同城an with a well-documented history of violence, theft and public corruption.” A spokesman for Moya said Chase Bank bought the mortgage for the Long Island City condo in 201上海龙凤论坛sh1f 上海龙凤论坛0 and altered the terms so it could be rented out.

Monserrate was found guilty of misdemeanor assault after slashing an ex-girlfriend in 2009. In 2012, he was sentenced to two years in prison for misusing public funds.

Meanwhile, City Council candid上海千花网 爱上海同城对对碰ates are not required to live in the district where they’re run[……]

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NYC Affordable Housing

New Council bill hopes to bring transparency to the housing lottery HPD would have to release report on applicants

535 Carlton Avenue in Brooklyn and 855 Sixth Avenue

A new bill seeks to make the lottery for affordable housing units in the city more transparent.

Council member Mark Treyger on Thursday introduced the legislation, which would require the city to release information on how many applications they receive, how many were selected, how many were wait-listed and how many were rejected. The report, which would be released by the Department of Housing Preservation and Development, would als新上海贵族宝贝论坛 上海贵族宝贝交流区o include certain demographic information on the applicants. The information would be organized according to income levels of those candidates — if they make 30 percent of the area median income, between 50 and 80 percent, or between 80 and 165 percent.

We ll finally know exactly who qualifies for affordable housing and, perhaps more importantly, who doesn t and why, Treyger said during a council meeting on Thursday.

The b爱上海龙凤419桑拿 上海龙凤论坛sh1fill could shed some light on demand for apartments in certain income bands. Some developers have expressed difficulty in finding tenants for units set aside for those in the higher AMI ranges (130 to 165 percent). Tenants at this income level often unaware that they are eligible for subsidized housing, or are deterred by the amount of paperwork that goes into snagging such units.

Late last month, Mayor Bill de Blasio announced that he was expanding[……]

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Olympic Tower Penthouse

Gucci family 爱上海同城对对碰 爱上海同城论坛s Olympic Tower penthouse re-emerges on the market, with a twist They’re offering property as one penthouse or two individual penthouses

The Gucci sisters’ Olympic Tower Penthouse (Credit: Corcoran)

The Gucci sisters’ Olympic Tower Penthouse is on the market again, but things are different this time around: the 爱上海同城对对碰 爱上海同城论坛family is still offering the entire space as one penthouse for $35 million, but they are also offering it up as two individual penthouses for $17.5 million each.

Owners Alessandra and Allegra Gucci have unsuccessfully tried to sell their penthouse for years, initially listing it at $45 million, according to Cu新爱上海同城对对碰论坛 上海同城对对碰交友社区rbed. Maurizio Gucci, the family patriarch, turned the two apartments on the 50th and 51st floors into a mega-unit, which is being marketed by Sotheby’s.

Both units are duplexes and listed for the same price, but PH4 is slightly smaller than PH5阿爱上海同城 阿拉爱上海同城—PH4 has five bedrooms, while PH5 has six. The layouts are slightly different as well, according to Curbed, which spotted the listing s reentry on the market. [Curbed] – 阿爱上海同城 阿拉爱上海同城Eddie Small

Tags: NYC Luxury Market, olympic tower, penthouses, Residential Real Estate
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Here’s what the $10M

Here s what the $10M-$20M NYC investment sales market looked like last week Icon sells UES walk-up and Prana buys in the Bronx

Photo credit: Google Maps

In the world of mid-market New York City investment sales last week, Icon Realty Management sold an Upper East Side walk-up and Prana Investments acquired a Bronx building.

1.) Icon Realty Management sold a five-story walk-up in the Upper East Side for $12.2 million. The property, at 210 East 95th Street, contains 15 apartments. The buyers are Itoko LLC and Ubee LLC. Icon is developing a pair of condominium towers at 301 East 80th Street and 301 East 81st Street.

爱上海同城论坛 爱上海同城

2.) Prana Investments purchas爱上海 爱上海同城手机版ed a six-story, 54-unit mixed-use property at 2150 Creston Avenue in Tremont from a group of investors including Jacob Landau and Moses Eckstein. The purchase price for the building爱上海同城 爱上海 was $12.9 million. The San Francisco-based multifamily investor closed on its acquisition of 114 East 168th Street, a six-story apartment building in the Bronx, just last week.

3.) Affordable housing developer Settlement Housing Fund bought three commercial condo units in Hunts Point for $13.5 million. The building, 阿爱上海同城 阿拉爱上海同城located at 1314 Seneca Avenue, is a six-story property with 60 apartments. The sellers are a group of investors led by Gershon Eichorn, Menachem Levy and Yechiel Steigman.

4.) Landlord Steve Zervoudis sold an apartment building in the Highbridge neighborhood of the Bronx for $11 million. The six-story property at 1422 Nelson Ave[……]

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Chick

Chick-fil-A says it’s ‘c上海龙凤论坛sh1f 上海龙凤论坛hanging our community through chicken,” but Stamford isn’t convinced

Chick-fil-A’s bid to set up shop in Stamford has been met with opposition by zoning board members and residents, the Stamford Advocate reports. The chain hopes to secure a zonin上海贵族宝贝交流区 上海贵族宝贝论坛g-code text change that would allow it to open a franchise in an area where drive-through restaurants aren’t allowed currently. Bu上海千花网 爱上海同城对对碰t a “two-hour charm offensive” — and a restaurant rep’s claim that the franchise is all about “changing our community through chicken” — wasn’t enough to assuage concerns that the new eatery would increase traf新上海贵族宝贝论坛 上海贵族宝贝交流区fic co爱上海龙凤419桑拿 上海龙凤论坛sh1fngestion in the area. [Stamford Advocate]

Tags: Westchester Fairfield
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Vornado Realty Trust

Vornado is buying Marriott Marquis retail for $442M REIT had leased 45K sf of space in the hotel at 1535 Broadway prior to sale

Steven Roth and the New York Marriott Marquis at 1535 Broadway (Credit: Getty Images and Marriott)

Host Hotel Resorts has sold the retail and commercial condo portion of the New York Marriott Marquis to Vornado Realty Trust for $442 million上海千花网论坛 上海千花网.

Vornado had leased 45,000 square feet of retail space in the hotel at 1535 Broadway prior to the sale. It signed a 20-year lease for the property in 2012 and agreed to spend up to $140 million to expand it. The lease also gave V上海贵族宝贝论坛 上海贵族宝贝ornado the option to buy the space. The hotel real estate investment trust announced the sale on上海贵族宝贝 上海千花网龙凤论坛 Monday.

The Times Square hotel is the second largest in Manhattan with 1,919 rooms. It is behind only the 2,076-key Hilton at 1335 Sixth Avenue.

Host Hotel Resorts also recently clos阿拉爱上海同城 爱上海龙凤419桑拿ed on its sale of the W New York at Union Square for $171 million to Westbrook Partners. Westbrook paid $20 million less for the hotel than what Host Hotels Resorts had paid in 2010.

After a rough start to the ye爱上海同城对对碰 爱上海同城论坛ar, hotel REITs have recently bounced back. The industry has also seen consolidation throughout the year — most recently Pebblebrook Hotel Trust’s $5 billion-plus acquisition of LaSalle Hotel Trust.

Tags: Commercial Real Estate, Hotel Market, Vornado Realty Trust
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Manhattan Luxury Real Estate

Manhattan’s luxe resi market rebounds from 上海千花社区 上海千花网交友Thanksgiving-week slump 20 contracts signed at $4M and up: Olshan

From left: Nurzhan Subkhanberdin and the Time Warner Center at 10 Columbus Circle and 27 East 79th Street (Credit: Wikipedia)

Manhattan’s luxury residential market rebounded from the Thanksgiving-week slump with 20 signed contracts, according to Olshan Realty’s weekly market report.

Turkish billionaire Nurzhan Subkhanberdin’s two condominiums at the Time Warner Center took the week’s No. 1 spot, with an asking price of $23.49 million. That’s a reduction of more than 30 percent off the $35 million that units 75C and 75E were asking when they first hit the market in June 2015.

Subkhanberdin, founder and chairman of Kazakhstan’s largest bank, bought the two condos in 2004 and 2014 for a combined $16.9 million.

Adellco’s condo developmen上海贵族宝贝交流区 上海贵族宝贝论坛t at 27 East 79th Street claimed the week’s second-priciest contract, with the penthouse asking $22.8 million. That works out to an asking price of nearly $5,250 per square foot for the five-bedroom home.

Corcoran Sunshine Marketing is handling sales at the project.

Manhattan’s asking price cont新爱上海同城对对碰论坛 上海同城对对碰交友社区ract volume totaled $139.36 million for the week, with a median price of $4.92 million. Luxury homes spent an average of 555 days on the market with an average discount of 11 percent from the original asking price to the final asking price. [Olshan Realty] – Rich Bockmann

Tags上海贵族宝贝 上海千花网龙凤论坛: NYC Luxury Market, olshan realty, Residentia[……]

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