NYC’s hottest real estate opportunity? Currently a jail directly across from Central Park!

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NYC’s hottest real estate opportunity? Currently a jail directly across from Central Park!

Spectacular views that only crime could pay for. For 43 years, inmates inside the caged rooftop recreation yard of Harlem’s Lincoln Correctional Facility could stretch their legs while luxuriating in the unobstructed sights of Central Park and the city’s sprawling skyline to the south. Now the facility is poised to close — and the jailhouse is suddenly Manhattan’s hottest piece of high-priced real estate.

The W. 110th St. (aka: Central Park North) property, opened as a prison in 1976, will be ...

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South Florida: is 2019 the best year to invest?

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South Florida: is 2019 the best year to invest?

According to the 2018 ISG World Miami Report, close to 900 people move to Florida each day, with 45 percent of them moving to Miami-Dade, Broward and Palm Beach counties.

In Miami, the Brickell neighborhood has accounted for the biggest increase in population growth. In 2018, the Miami Downtown Development Authority reported that the number of residents living between Brickell and Edgewater has soared nearly 40 percent over the past eight years.

Something to note is ...

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One Wall Street

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One Wall Street

The conversion of One Wall Street, a building designed by prolific Art Deco architect Ralph Walker, has been underway for several years.

Developer Harry Macklowe purchased the building, which had previously served as the headquarters for the Irving Trust Company and the Bank of New York, in 2014, with the goal of turning it into apartments. Since then, the firm has been working on getting the necessary approvals, and gutting the entire thing to prep for its ...

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Race for the Heavens

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Race for the Heavens

Central Park Tower, at 217 West 57th Street, has now reached the 92nd floor, construction has officially surpassed the 1,396-foot-tall rooftop parapet of 432 Park Avenue, making this building the tallest residential structure in New York and the Western Hemisphere. The 1,550-foot tower is being designed by Adrian Smith + Gordon Gill, while Extell is the developer.

Once work reaches the rooftop, the height difference with 432 Park Avenue will become more apparent. Meanwhile, SHoP Architect’s slender ...

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Manhattan Sales Market: 1st Quarter 2019 Review

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Manhattan Sales Market: 1st Quarter 2019 Review

This first quarter of 2019 was a quarter of contrasts: in January the closing of a massive apartment at 220 Central Park South set a new record for the pricest residential sale in the US…this $238 milion gigantic sale skewed the numbers for the average sales price and average price per square foot..so let’s focus instead on the median sales value which is more representative of the market.

In the first quarter of 2019 the median ...

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New $ Record for a Single-Family Home in Miami

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New $ Record for a Single-Family Home in Miami

A waterfront mansion on the exclusive Indian Creek Island sold for $49.9 million, setting a new record for single-family home sales in Miami.

Property records show AVK Land Holding LLC, managed by Russian attorney Andrey M. Kaydin, sold the 10-bedroom, 14-bathroom home at 3 Indian Creek Island Road to Angouleme Holdings II Limited Land Trust, which could be the same trust as one managed by Qatari businessman Abdulhadi Mana Al-Hajri, The Real Deal reports.

The nearly ...

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