More rent, more problems at new buildings
New “luxury” apartment buildings across New York City are piling up housing violations at an unexpected rate. Nearly 10 percent of roughly 1,600 residential buildings completed since 2016 have at least one housing code violation per apartment, averaging 2.1 violations per unit — more than double the
Onyx lands two new tenants at Inwood Logistics Center
For Onyx Equities, it pays to have a logistics hub close to one of the top-trafficked airports in the country. The firm signed two tenants for a combined 87,000 square feet at its Inwood Logistics Center in Queens, the Commercial Observer reported. Jamaica Bay is the only thing separating the indust
Manhattan’s luxury market cools off after hitting year high
After a banner run of dealmaking, Manhattan’s luxury market hit the brakes last week. Buyers signed contracts for 26 homes in the borough asking $4 million or more between March 9 and March 15, according to Olshan Realty’s weekly report. The total was significantly lower than the previous period, w
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