Housing Notes: Amazonification of summer rentals
My parents owned a home on Shelter Island, on the eastern end of Long Island, for years. And each year they would rent it out for the season (Memorial Day to Labor Day) to one tenant, or in two-week to one-month increments, and move back to their 300-square-foot Upper West Side Manhattan co-op studi
Olmstead scoops up Savanna’s Midtown office building for 45% off
Olmstead Properties snapped up a Midtown office building for $108 million, a steep markdown from its last trade in 2017, The Real Deal has learned. Olmstead bought the 16-story, 303,000-square-foot property at 19 West 44th Street from Savanna, almost a decade after the private equity firm paid $195
The Data Drop: In a pricey world, NYC’s builders pivot to redevelopments
Welcome to The Data Drop by TRD Data, a weekly look at the numbers shaping real estate. This week, we are looking at how persistently high financing costs are shaping development in the Big Apple. An analysis of city permit data over the past year revealed that the city’s builders are shifting gea
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