The Real Deal - New York Real Estate News

Ranking the top residential brokers on the Upper East Side

Posted: 18 May 2022 05:45 AM PDT

The following is a preview of one of the hundreds of data sets that will be available on TRD Pro — the one-stop real estate terminal that provides all the data and market information you need. No other area of Manhattan has the legacy of glamor as the Upper East Side, where new luxury buildings rise just steps away from Gilded Age mansions and homes in the area’s parkside towers and exclusive co-ops are among

REBNY calls for larger fines. Wait, what?

Posted: 18 May 2022 05:00 AM PDT

Seven years ago, 22-year-old Carlos Moncayo was killed when the walls of an excavation pit collapsed on him at a construction site in the Meatpacking District. The general contractor, Harco Construction, was convicted of manslaughter in what was considered a landmark construction safety case. But the Occupational Safety and Health Administration only fined the company $10,000 — the maximum under state law. Lawmakers proposed Carlos’ Law in 2017, raising the maximum fine for companies found

Public housing goes middle class

Posted: 18 May 2022 04:30 AM PDT

UPDATED, April 12, 2022, 1:12 p.m.: Public housing has gone middle class. Billed as “workforce housing,” it mimics a private-sector trend in places where home prices and rents have soared beyond the household budgets of many working professionals, who find themselves locked out of homeownership and hard-pressed to afford monthly rents. Making the market work requires a little government help. “Cities are looking at a broader use of subsidy further up the income scale because

Investor claims Jeff Sutton cheated him out of millions on Times Square deal

Posted: 18 May 2022 04:00 AM PDT

A decade-old deal to build out a large retail space in the heart of Times Square landed Jeff Sutton with both a lucrative addition to his portfolio and a new enemy: an investor who claims the billionaire Wharton Properties founder cheated him out of millions. Investor Norman Rappaport claims Sutton defaulted on a $15 million loan Rappaport provided him in 2011 to buy the landmarked I. Miller Building at 1552 Broadway and alleges that Sutton