The Real Deal - New York Real Estate News

Hope floats: Pete Davidson’s and Colin Jost’s ferryboat allowed to stay past deadline

Posted: 06 Feb 2022 11:26 AM PST

Thank you ferry much! The city is giving Staten Island-born comedians and Saturday Night Live cast members Colin Jost and Pete Davidson a little more time to find a home for the boat they purchase last month. As part of the deal to take ownership of the ferry John F. Kennedy, which plied new your harbor between St. George and the Battery for nearly 60 years, the yucksters, who paid more than $280,000 for the

Houston mansion on market for $27.5 million could set Texas-sized record

Posted: 06 Feb 2022 10:45 AM PST

A brick mansion owned by a Houston lawyer could set a record for the most expensive home sale in the city’s history. According to the Wall Street Journal, Tony Buzbee, a lawyer who famously represented many whose homes were flooded by the Army Corps of Engineers during Hurricane Harvey in 2017, has listed the home for $27.5 million. That’s the second-highest listing price on the market now, just behind a $29.5 million mansion located in

Reno, Nevada to use stimulus cash for low-income housing

Posted: 06 Feb 2022 09:49 AM PST

Federal stimulus money is allowing the city of Reno, Nevada to convert motels into below-market-rate housing instead of bulldozing them to make way for a new, $1.8 billion entertainment district. ProPublica is reporting that in the wake of its investigation into the city’s standing by as developer Jeffery Jacobs bought and knocked down a number of motels that were used to house hundreds of low-income residents, its mayor is changing her tune. Armed with hundreds

No vacancy: State’s $100M plan to convert hotels to housing finds few takers

Posted: 06 Feb 2022 08:29 AM PST

It seemed like a no-brainer: Use state dollars to subsidize the conversion of hotels that were not being used because of the pandemic to badly needed housing units for low-income families and the homeless. But a $100 million state plan approved last August to do just that has been an absolute failure, with just one applicant looking to make a conversion. The reason, according to the website Politico, is expensive and taxing regulations by the

Hot market sends Phoenix rents rising, pricing some out

Posted: 06 Feb 2022 07:13 AM PST

Rents in south Phoenix are heading north. According to AZCentral.com, the cost of leasing a home across the neighborhood has risen 57 percent in the last five years, climbing to more than $2,000 in areas where rents sat just above $750 back in 2017. The hot market is pushing out some low-income residents in the area south of the Salt River where the average income is about $38,000 a year, the news site said, as

Connecticut estate on private island drops to $100M

Posted: 06 Feb 2022 06:00 AM PST

The private island comes with a house of stone whose cellar contains whiskey left over from Prohibition. The ask? $100 million. The Great Island in Connecticut, a roughly 60-acre estate on the Long Island Sound, has dropped in price from its original selling price of $175 million, the Wall Street Journal reported.. Descendents of baking powder magnate William Ziegler have once again put the wooded isle up for sale, after several price drops since 2016.

Property giveaways fail to draw newcomers to Kansas towns

Posted: 05 Feb 2022 12:00 PM PST

Even in a national housing shortage, towns across the Kansas plains can’t seem to give away land for new homes. Despite rising home prices in the Sunflower State, property giveaways in rural Kansas have seen many small towns continue to decline in population, according to The Hustle. The state boomed in the late 19th century after the passage of the Homestead Act, which gave residents 160 acres of free land provided they moved there to

Columbia University president Lee Bollinger lands Central Park West apartment for $11.7M

Posted: 05 Feb 2022 10:53 AM PST

Columbia University president and First Amendment scholar Lee Bollinger has picked up a three bedroom apartment in the landmarked Beresford on Central Park West for $11.7 million, according to city records. The sale for the 10th-floor apartment, with views of Central Park and about a 40 minute walk from Columbia, was recorded on Friday. The deal was brokered by Deborah Kern of the Corcoran Group, which had the property listed at $12 million. Currently configured

Sou Fujimoto’s House of Music revives historic park in Hungary

Posted: 05 Feb 2022 09:00 AM PST

Japanese architect Sou Fujimoto’s House of Hungarian Music, dubbed by ArchDaily as among the year’s most anticipated buildings, has opened to the public. The Budapest museum, whose hemispherical sound dome has enraptured visitors, resembles a giant mushroom whose perforated cap hangs over walls of undivided glass, according to ArchDaily, which calls itself the most-visited architectural website. The 9,000 square-foot building in the capital’s City Park is nestled beneath a bower of trees within sight of

“Aquaman” star Jason Momoa living in a $750K camper after divorce

Posted: 05 Feb 2022 08:00 AM PST

In a Los Angeles built on cars, there was only one course for Jason Momoa after his divorce last month: hit the road in his $750,000 custom Ford RV. The 42-year-old star of “Aquaman” has been seen about town in his EarthRoamer XV-LTi 026 RV since his split from wife Lisa Bonet, the Daily Mail reported. So instead of the $3.5-million hillside home in Topanga he once shared with Bonet and two daughters, Momoa has

Wave of gentrification in Puerto Rico prices out locals

Posted: 05 Feb 2022 06:00 AM PST

YouTube phenom Logan Paul moved into a $13 million mansion. Crypto billionaire Brock Pierce bought an $18 million hotel. Well-heeled investors offer locals blank checks and ask them to fill in what they think their homes are worth. Welcome to Puerto Rico, where a wave of gentrification has property prices rising on an island where 43 percent of the population live below the federal poverty level, according to the New York Times. Besides shimmering ocean