Pfizer building scare tests office-to-resi thesis
For an industry betting that obsolete office towers can help solve the housing shortage, this week’s scare at the former Pfizer headquarters could be a snag. Work stopped at the Midtown Manhattan tower on Tuesday after two steel columns failed during construction, prompting evacuations of the site a
NY Dirt: Owners have a lot of pied-à-terre questions
Mayor Zohran Mamdani’s pied-à-terre tax already has homeowners, lawyers and realtors pleading for greater clarity and transparency. The Department of Finance held a public comment hearing Thursday, and many parties shared their thoughts and concerns — here are just a few. The new surcharge on secon
NYC’s top deals: UWS megamansion trades for $40M — nearly 50% off asking
Residential: The most expensive home sale recorded in New York was on the Upper West Side, where a megamansion at 48-50 West 69th Street sold for $45 million — $40 million off its last asking price. The seller of the nearly 45-foot-wide home was French businessman Pierre Bastid and his wife, Malou B
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