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Today's Rates

Mtg Loan Rate APR
30-yr Fixed 4.55% 4.7%
15-yr Fixed 4.01% 4.22%
1-yr Adj 2.76% 3.42%
* national averages

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TOP NYC REAL ESTATE NEWS - "The Real Deal" "NY Times RE":
 
Former HUD secretary buys Boerum Hill carriage house
1/17/2019 6:00 PM
The former head of U.S Housing and Urban Development snapped up a four-story carriage house in Boerum Hill — nearly a decade after selling another one a block away. Shaun Donovan, who served as HUD secretary under President Obama, and his wife, Liza Gilbert, bought 139 Bond Street for $2.3 million, according to a public filing recorded with the Dep...Read More
 
Knotel expands in Manhattan with a new lease at 61 Broadway
1/17/2019 5:15 PM
Knotel has locked down a new lease in Lower Manhattan. The flexible office company finalized a 60,323 square-foot lease at RXR’s 61 Broadway, Knotel said in a statement. The lease spans the entire 9th, 10th, 17th and 18th floors of the 33-story tower. CBRE’s Sinclair Li, Dan Wilpon and Evan Fiddle represented Knotel in the deal. Newmark Knight Fran...Read More
 
‘Essence’ inks 29K lease for new HQ in Industry City
1/17/2019 4:45 PM
Essence Communications, the company that owns African-American women’s magazine Essence as well as the music festival of the same name, is moving to a new headquarters in Industry City. The media company has inked a 10-year, 29,000-square foot lease in Building 4 of the complex at 34 35th Street. The company currently operates out of a differ...Read More
 
Co-working firm Industrious signs three Manhattan leases
1/17/2019 4:16 PM
Industrious, the New York-based co-working firm, is expanding its footprint in the city in a move the company has been reluctant to make until now. The firm announced Thursday that it had signed new leases at 325 Hudson Street and 1411 Broadway. A third lease agreement, at 215 Park Avenue South, expands the firm’s current footprint at its Uni...Read More
 
Former KKR exec sells Soho condo at a loss
1/17/2019 3:45 PM
It’s rare to see private equity hotshots take one on the chin, but one former KKR executive appears to have suffered a loss on the sale of his full-floor Soho condo. An LLC that lists Jonathan and Claire Ziegler Smidt as members sold unit 6A at 10 Sullivan Street for about $10.3 million, according to a public record filed with the Department ...Read More
 
Parkoff Organization closes on 6-building multifamily portfolio
1/17/2019 3:05 PM
The Parkoff Organization has closed on a deal to buy five multifamily buildings in Brooklyn and one in Queens from Morris Weintraub Associates. The deeds for five of the six properties were recorded with the city on Thursday. No transaction has been recorded for the sixth, a 60-unit apartment building at 150 74th Street in Bay Ridge, but Parkoff...Read More
 
Extell’s record-setting Central Park Tower is priced for the dip, Gary Barnett says
1/17/2019 2:30 PM
Even the world’s tallest condo tower isn’t immune to the sales market slump. But Extell Development’s Gary Barnett is banking on pricing flexibility to weather the storm. The developer will roll out new incentives at Central Park Tower this year and is still paying 50 percent of a broker’s commission upfront, the Wall Street Journal reported....Read More
 
Coming soon: The Real Deal’s 2019 Data Book
1/17/2019 1:30 PM
The Real Deal is preparing the 14th edition of its Data Book, the industry’s single most comprehensive collection of information on the New York-area real estate market. Included in the 2019 Data Book will be a ranking of the city’s most active transaction law firms; Manhattan’s top residential agents and Brooklyn’s top residentia...Read More
 
Student debt is hurting the housing recovery: Fed study
1/17/2019 12:50 PM
It’s not the avocado toast eating into millennials’ down payment budgets. A recent report from the central banking system found that the dramatic rise in student debt is at least partially responsible for the drop in homeownership levels, the Wall Street Journal reported. Homeownership in the U.S. has fallen significantly since its pre-...Read More
 
Lightstone getting in on the lending game
1/17/2019 12:00 PM
Lightstone Group is joining the ranks of real estate companies launching their own debt platforms. The firm announced Thursday that it is setting up Lightstone Capital, which will aim to address inefficiencies and roadblocks that borrowers are dealing with in the current market. Lightstone hopes to close at least $500 million worth of transactions ...Read More




TOP NYC REAL ESTATE NEWS - "The Real Deal" "NY Times RE":
 
The Hunt: Making Her New York Debut Off Broadway
1/17/2019 4:00 AM
For her first home in the city, an aspiring actress finds that the theater district is a better place to work than to live...Read More
 
Exclusive: For $18.5 Million, a Studio Where Ziegfeld Dreams Were Invented
1/17/2019 12:08 PM
A former warehouse in West Chelsea, once the domain of a famed Broadway set designer and now home to a fashion studio, goes on the market...Read More
 
Are Winter Rentals a Good Investment?
1/17/2019 8:30 AM
Yes, if you buy in the right place...Read More
 
Living In: Dumbo, Brooklyn: Preserved in Amber. Sort Of.
1/16/2019 4:01 AM
The once-quiet neighborhood, one of the city’s most scenic, is now decidedly upscale — and a major tourist destination...Read More
 
What You Get: $725,000 Homes in Connecticut, West Virginia and the District of Columbia
1/16/2019 8:01 AM
A converted barn in Weston, a 1905 house in Charleston and a condominium in Washington...Read More
 
International Real Estate: House Hunting in … Colombia
1/17/2019 11:08 AM
Consumer confidence and falling interest rates are helping the capital city of Bogotá compete for international home buyers...Read More
 
On Location: Split Personality in Seattle
1/15/2019 4:01 AM
From the street, the house is French Norman style, with a turret; in back, it’s a modernist showplace...Read More
 
Shopping Guide: Shopping for Rocking Chairs
1/14/2019 9:46 AM
Looking for an antidote to anxiety? Try the time-tested comfort of a rocking chair...Read More
 
Better Than the Powerball
1/12/2019 12:17 PM
For New Yorkers looking for an affordable home, the odds of winning a housing lottery are 1 in 592...Read More
 
How to Sell, Donate or Recycle Your Stuff
1/16/2019 11:33 AM
If you are starting the new year by saying goodbye to some of your less-than-favorite possessions you might be wondering: Now what? Here’s how to get rid of it for good...Read More