The Real Deal - New York Real Estate News

Uncle Sam spent $52K on curtains for US ambassador’s penthouse

Posted: 15 Sep 2018 01:00 PM PDT

The federal government spent $52,701 to install custom mechanical curtains at the Manhattan penthouse of the U.S. ambassador to the United Nations. The ambassador, Nikki R. Haley, lives in a 6,000-square-foot penthouse at the Zeckendorf Brothers’ 50 UN Plaza, which the federal government leases for her as an official residence and to entertain guests, according to the New York Times, which reported the story. The curtains cost $29,900 and the machinery to open and close […]

A decade after the crash, “there’s something churning” RE experts agree

Posted: 15 Sep 2018 12:00 PM PDT

For Hans Futterman, it was a dream defaulted. The developer assembled a vacant plot of land — formerly a Shell gas station and a parking lot — at Frederick Douglass Boulevard and West 122nd Street in Harlem over roughly four years, from 2011 to 2015. He then secured approvals to construct a 12-story, 127-unit residential building on the site, which offers 205,000 buildable square feet. But in June of last year, Futterman, who declined to […]

Manafort to forfeit five NY properties in exchange for keeping certain assets

Posted: 15 Sep 2018 11:25 AM PDT

After striking a plea deal Friday morning with special counsel Robert Mueller’s investigation in which he was to forfeit four properties, it seems Paul Manafort did a little negotiating. He is now forfeiting five properties–four in New York City and one home in the Hamptons–in lieu of hanging onto the contents of one of his four seized bank accounts and his Arlington, Virginia home, according to NBC. Together, the properties are estimated to be worth […]

“It’s sexy”: Chicago home that hosted Playboy shoots listed for $4.9M

Posted: 15 Sep 2018 10:00 AM PDT

A Gold Coast mansion that’s hosted four Playboy photo spreads is on the market for $4.9 million. Tech executive Gian Fulgoni and his wife, Sarinda, owners of the 7,000-square-foot home at 65 East Bellevue Place, since 1986, have listed it. The home was finished by Chicago-based Richar Interiors, whose work has been featured in Architectural Digest and Metropolitan Home in addition to the late Hugh Hefner’s famous men’s mag, according to Crain’s. The home, built […]

Celebrity photographer leaves his Soho pad — and fellow residents are thrilled

Posted: 15 Sep 2018 08:00 AM PDT

Celebrity photographer Ken Nahoum left his Soho apartment — and the building’s residents couldn’t be happier. Nahoum left 95 Greene Street last week, after a feud that included more than a decade of litigation, the New York Post reported. He allegedly refused to pay common charges and owes the board more than $250,000, the report said. The photographer declared bankruptcy in 2016. He sold the penthouse to Titan Capital, his real estate lender, to settle […]

Congrats. You now work in Hudson Yards. Here’s what you’ll be eating

Posted: 15 Sep 2018 07:00 AM PDT

More than 40,000 employees — plus thousands of tourists and residents — will soon have more than two dozen new restaurants to choose from at Hudson Yards. The megadevelopment’s culinary hub, which will feature 25 different restaurants and what the developer calls “food concepts,” is expected to open in March. This week, Related Companies announced that Belcampo Meat Co. will open its first location outside California on the fourth floor of the Hudson Yards dining […]

Beware the vertigo: Site of Jimmy Stewart’s Beverly Hills mansion wants $48M

Posted: 15 Sep 2018 06:00 AM PDT

The new price tag for this movie legend’s old property in Beverly Hills might give you vertigo. The mansion where Jimmy Stewart lived for almost 50 years went up for sale on Monday for $47.9 million, Mansion Global reported. Stewart’s original home was demolished after he died in 1997 at the age of 89. The current 15,300-square-foot, Italian-style villa was built in 2000, according to Mansion Global. It was designed by architect Kevin Clark, and […]

China is fueling a property boom in this Southeast Asian country

Posted: 15 Sep 2018 05:00 AM PDT

One of the fastest property booms in the world is happening in Cambodia, largely thanks to buyers and builders from China. Phnom Penh, the country’s capital, is going through a rapid transformation, with high-rise condominiums replacing heritage sites, according to Bloomberg. However, with Cambodia’s median household income at just about $11,000 per year, sales and rentals have already started slowing down. The city is an example of wealthy Chinese developers looking for foreign governments to […]