A view of the skyline of lower Manhattan where rental prices appear to be softening in advance of congestion pricing going into effect later this year. Photo: Wikimedia Commons Is Congestion Pricing Prompting New Renters to Look Outside Zone? The rental landscape in Manhattan took a slight dip in February, fueled by dips in many downtown neighborhoods, even while... News 29 Mar 2024 | 02:10
The Royalton Hotel slipped out of LuxUrban’s hands after a previously announced deal was never finalized. ( Source: Google Satellite) Hotel Chain with NYC Leases Shakes Up Leadership as Lawsuits and Fines Mount LuxUrban Hotels, an “asset-light” Miami-based hotel chain that leases buildings instead of buying them, is struggling to... News 18 Mar 2024 | 04:14
The crumbling façade of West Side Presbyterian Church has necessitated scaffolding sheds to be placed around the building for years. The few people left in the congregation say repairs are beyond their ability to pay and want to sell the landmarked 160-year-old church. Photo: nylandmarks.org The Center for Park West raised $323K from a Two-Night Benefit But Will It Be Enough? The Center for Park West drew a crowd of 700 people to two celebrity heavy entertainment events that raised over $323,000... News 01 Dec 2023 | 06:20
The former site of the St. Benedict the Moor Church, 338-342 W. 53rd St., has a 1965 rectory and an 1869 church. The rectory will be replaced by a seven-story apartment building, while the church will be renovated. ( Photo: Chia-Tien Nicole Chen) New Apts to Rise Next to Chelsea Site that was First Black Catholic Church in NYC The new owner of several adjacent lots on West 53rd Street has filed plans to build a residential building on the grounds... News 10 Nov 2023 | 04:03
The Hotel Pennsylvania at its opening in 1919 was an archictectural standout. Now all that is left standing are some steel struts and rubble from the demolished gem. The owner, Vornado Realty Trust, cancelled plans for a redevelopment so the sprawling eyesore is likely to be in place for years. Photo: Layla Law-Gisiko. Ode to the Hotel Pennsylvania The Hotel Pennsylvania is no longer. What is left is a pile of rubble, ruins, untidy, heaped like a carcass, a battlefield.... News 08 Oct 2023 | 12:52
Columbus Natural Food is closing down after 28 years of business. ( Photo: Nicholas Liu) Beloved UWS Food Store Closes after New Owner Buys Bldg for $68 Million After nearly thirty years of life, Columbus Natural Food on 95th Street and Columbus Avenue shut its doors on Sept. 27 amid... News 06 Oct 2023 | 04:00
Donald Trump said he is being unfairly targeted by New York State Attorney General Letitia James in the business fraud trial that began on Oct. 2 and could last until December. Photo: Michael Vadon/Wikimedia Commons Trump at Opening of Fraud Trial Denounces It As a “Scam;” Trial Could Last Until December (AP)–The fraud lawsuit that could cost former President Donald Trump control of some of his most prized properties went... News 03 Oct 2023 | 12:45
The city is powerless to seize the property at 131 W. 70th St even though the landlord owes more than $250,000 on the abandoned building. Photo: Ethan Geringer-Sameth City Powerless to Seize Buildings from Landlords Who Fail to Pay Property Tax Bills Due to COVID Era Law A policy change meant to save low-income homeowners from losing their homes during the worst days of the pandemic has tied... News 29 Sep 2023 | 02:33
263 West 34th Street, which was just taken over by Marathon Asset Management for $16.5 mil at a September 20 foreclosure auction. ( Photo via Google Maps ) Office Building Forecloses at Penn Station for 25 Percent of Its Development Price The office market in Manhattan remains battered, with the latest evidence being the foreclosure of a W. 34th St. office building... News 27 Sep 2023 | 03:05
The Central Park West historic district lost the greatest number of multi-family buildings compared to other districts. Photo: Ben Fractenberg/THE CITY NYC Lost 100K Homes in Apartment-to-House Conversions It’s a New York dream to combine your place with the one next door to make a spacious home. But it comes at a price: over... News 30 Aug 2023 | 05:55
Giuliani’s Co-Op in a landmarked building at 45 E.66th St. went on the block in late July from Sotheby’s seeking $6.5 million. Photo: Beau Matic Giuliani’s UES Co-Op Listed For $6.5 Million Could Take Up to a Year to Sell Rudy Giuliani, who put his Upper East Side co-op on the market laate last month for $6.5 million amid mounting legal woes,... News 18 Aug 2023 | 04:30
The Murray Hill Tower Apartments on E. 40th Street. Median rents in the borough hit another record high of $4,000 in July, according to a new analysis by the companies Douglas Elliman and Miller Samuel. ( Photo via Murray Hill Tower Apartments ) Manhattan Rents Continue to Soar to Record Highs, While New Lease Signings Fall Median rents in Manhattan have increased by six percent annually and reached an astounding $4,400 as of July 2023, according... News 14 Aug 2023 | 07:03
The proposed design for the 19th story building at 585 Fifth Ave, spearheaded by former Governor Eliot Spitzer. In an interesting twist, it would replace the 25-story building that his own family built there in 1970. ( Photo via Landmarks Preservation Commission) Eliot Spitzer’s Firm Gets OK From LPC To Demolish Fifth Ave. Apt. Building & Replace It With “Whimsical” Tower Eliot Spitzer, the disgraced former Governor of New York, has received a stamp of approval from the Landmarks Preservation... Home 31 Jul 2023 | 03:51
Delfena Plasencea and Maria Moneira in front of their Chelsea-Elliot apartment on 10th Avenue and 26th Street. Photo: Beau Matic. ( " ") Are Residents Really on Board with NYCHA’s $1.5B Plan to Tear Down, Rebuild Public Housing? The New York City Authority (NYCHA) announced on Wednesday, June 21 a plan to invest $1.5 billion to tear down the Section... News 26 Jun 2023 | 02:19
The debt holder of iconic Theatre 80 on St. Marks Place evicted the longtime owners, Lorcan Otway and his wife Genie Gilmore and on May 9 agreed to sell the premises to a new owner. Now a petition on Change.org is urging Mayor Eric Adams to use eminent domain to seize the property. It has gnarred over 8,000 signatures. Photo: Change.org 8,000 Signature Petition Urges Mayor Adams to Use Eminent Domain to Save Theatre 80 LIK Holdings emerged as the wining bidder for the building that houses Theatre 80 at a bankruptcy court auction on May 9th,... News 18 May 2023 | 11:04