The Real Deal - New York Real Estate News

East Hampton pitches land swap to ease sewage problems

Posted: 08 Apr 2022 02:30 PM PDT

Sewage. It’s not something people in East Hampton — a land of beautiful beaches and immaculate estates — like talking about. But it has to be dealt with, and town officials have come up with a creative real estate solution. East Hampton plans to pitch a seven-acre land swap to Suffolk County, 27 East reported. The idea, unveiled on Monday night, is for the town to trade woodlands it owns for county-owned parklands west of

Harlem townhouse fetches neighborhood record price

Posted: 08 Apr 2022 01:30 PM PDT

A Harlem townhouse has notched a neighborhood record. The home at 32 Mount Morris Park West sold for $6.4 million, or $907 per square foot — a neighborhood record for townhouses, according to Compass. The asking price was $6.5 million. Braden Linard, owner of boutique design firm Brad Linard designs, was the seller, according to public records. Compass agents Anna Hargraves Hall and Chris Hall represented the buyer, whom they declined to identify. The home,

Eviction attorneys sued tenants who didn’t owe rent: AG

Posted: 08 Apr 2022 12:30 PM PDT

Attorney General Letitia James sued real estate law firm Balsamo Rosenblatt & Hall for allegedly filing unwarranted eviction suits against tenants. In some instances, tenants were removed from their homes. A complaint filed in Manhattan alleges that the firm and partners Robert Rosenblatt and Edward Hall copied and pasted landlords’ assertions about unpaid rent into court filings without reviewing those cases or demanding documentation of rent owed. The filing also claims the attorneys sent rent

Increase in price cuts could suggest housing market is cooling at last

Posted: 08 Apr 2022 10:00 AM PDT

After a year marked by bidding wars and above-ask offers, a new report has some welcome news for homebuyers: Price chops are coming back. In the four weeks ending April 3, 12 percent of homes listed for sale in the U.S. had their prices reduced, according to Redfin, up from 9 percent a year ago and the highest mark in four months. While that metric is only one data point — and price drops remain

Witkoff, Blavatnik set to resume XI condo project with new contractor

Posted: 08 Apr 2022 09:06 AM PDT

With a new developer and general contractor in place, the long-stalled XI condo project in Chelsea is poised to begin rising above the High Line once more. Construction on the beleaguered project will soon resume, according to YIMBY, which reports that a sign posted at the development site proclaims a revised completion date of winter 2024. Once the crown jewel of developer HFZ Capital Group’s portfolio, the twisting-tower luxury development at 76 11th Avenue recently