NY Dirt: How Mamdani rode high rents into office
How did Zohran Mamdani win middle- and high-income renters? One explanation is backlash. “Market rent growth has been going through the roof in the last few years,” said Robert Nelson of Nelson Management Group. “At the end of the day I think that’s why our mayor is in office right now.” Nelson was
NYC’s top deals: Delshah drops $37M on apartment portfolio in Manhattan Valley
There were 211 transactions totaling $317 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, July 30. Commercial: The biggest commercial sale to hit records was in Manhattan Valley where Delshah Capital bought five apartment buildings for $36.9 million. Quality Capital
Eurostars buys Chemists Club Hotel in Midtown for $95M
A Spanish hotel operator is betting on Manhattan’s hospitality recovery. Barcelona-based Eurostars Hotel Company bought the 107-key Chemists’ Club Hotel for about $95 million from Spanish investment firm Azora, sources with knowledge of the deal said. That breaks down to about $888,000 per key for t
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