The number of apartments for which new construction applications were filed hit a one-year low in January, according to the Department of Buildings data. The month only added 842 new units to the pipeline. The dip in applications started in September as land has become increasingly more expensive.
While the number of super luxury condos might come back to more normal levels, the inventory of listed homes priced under $1 million in Manhattan appears stable, and relatively low, even as ...

As its popularity and valuation soars, Airbnb is inspiring deep vitriol here in New York. The 8-year-old San Francisco-based startup has been accused of everything from siphoning millions of dollars away from the hotel industry, infringing on the quality of life in buildings to exacerbating the affordable housing crisis.
While the company been met with opposition around the globe, it has faced a particularly tough battle in its biggest U.S. market, where in 2010, a state law made it illegal ...

New York investors interested in Miami are making a beeline for downtown Miami — specifically the area between the Miami River to Northeast Sixth Street and east of I-95 to Biscayne Bay. In fact, over the past two years, New Yorkers have spent at least $586.5 million on property in that area, according to Sterling Equity Commercial. In total, New York buyers acquired at least 1.28 million square feet of buildings and at least 1.1 million square feet of land ...

Noted art dealer Laurence Gagosian put down nearly $13 million for a penthouse at the 18-story, 42-unit tower Faena House, according to Miami-Dade County records. The Armenian American art collector owns the Gagosian Gallery art galleries in the United States, as well as London, Paris, Rome, Athens, Geneva and Hong Kong. Spanning 4,730 interior square feet (which translates to $2,747 per square foot), the penthouse comes with four bedrooms, six bathrooms and one half-bath as well as a 1,516-square-foot terrace. ...