The Real Deal - New York Real Estate News

Love thy neighbor — then buy their apartment

Posted: 29 Dec 2018 01:00 PM PST

It can take years — sometimes decades — but New Yorkers looking to trade up can sometimes do just that by buying the apartment next door. Combined units represent only a fraction of the market, around 2 percent to 5 percent of sales in the city, according to Miller Samuel Real Estate. But with a dose of luck, they do happen regularly, as the New York Times reported. “I’ve heard of lots of people who […]

Scammed homebuyer to recoup lost money through job as a cybersecurity spokesman

Posted: 29 Dec 2018 12:00 PM PST

An Oregon resident who lost the down payment on his new home to a scam will recoup the money he lost by working as a cybersecurity spokesman for his title company. Aaron Cole had received an email on Dec. 3 with instructions for wiring a $122,850 down payment on his new home, so he followed the instructions and transferred the funds only to find out days later that he had sent the money to scammers […]

WeWork is in expansion mode in North Virginia

Posted: 29 Dec 2018 10:00 AM PST

WeWork’s North Virginia expansion continues with a new 83,000 square foot lease in Rosslyn, North Virginia. The co-working giant will occupy four floors at developer JBG Smith’s new CEB Tower, according to Washington’s Top News. The new lease is part of a burgeoning empire WeWork is building in the area, which will also house one of Amazon’s new headquarters. WeWork also has offices in Crystal City, Tysons Corner and in seven different buildings throughout the […]

How Moscow’s rampant real estate fraud preys on sanity (literally)

Posted: 29 Dec 2018 09:00 AM PST

Proof of sanity is just as essential as obtaining proof of purchase in Moscow’s fraud-prone real estate housing market. Since Soviet-era laws historically favor homeowners, sellers can undo a home sale by claiming they were drunk or temporarily insane — a practice that’s become a mainstay for many fraudulent plots in the Moscow real estate market, according the New York Times. In one scheme, homeowners and real estate agents would sell the house, pocket the […]

Couple to auction off four luxury homes with no reserve

Posted: 29 Dec 2018 08:00 AM PST

The couple behind the largest for-profit chain of schools in the country is auctioning off four of their luxury homes. Robert and Miryam Knutson decided to unload the properties about a year and half ago, after Robert contracted a “mystery virus,” according to the Wall Street Journal. Their chain of schools, Education Management Corp., declared chapter 7 bankruptcy earlier in the year. The homes in Florida, Pennsylvania, Colorado and New Mexico were all on the […]

PHOTOS: 125 Greenwich’s yacht-inspired interior design

Posted: 29 Dec 2018 07:00 AM PST

Yacht design is no longer just reserved for the ultra-wealthy who cruise the seas. Thanks to interior designers like March & White, who are doing the interiors at Michael Shvo’s super-tall condo in Lower Manhattan, 125 Greenwich, the comforts of the high sea are coming home to land. The new trend, reported by Forbes, is sweeping through residential design. Billionaire Robert Stiller of E-Z Wider and Keurig Green Mountain coffee is among the trailblazers paying […]

Rudin Management heiress is calling it quits on NYC with $12M listing

Posted: 29 Dec 2018 06:00 AM PST

Rudin Management heiress Beth Rudin DeWoody is looking to unload her long-time Manhattan apartment. DeWoody is the daughter of Lewis Rudin and former executive vice-president of Rudin Management. She has lived in the 5,000-square-foot abode at 10 Gracie Square since 1987. She’s seeking $12 million and Brown Harris Stevens’ Maria Serena Torresy and Cathy Angert are handling the listing, according to the Wall Street Journal. Famous tenants of the pre-war co-op building include Gloria Vanderbilt […]