South Bronx: Up and Coming

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South Bronx: Up and Coming

As housing demand has risen along the Bronx’s Grand Concourse, so have prices, The Real Deal reports. A recent analysis by real estate database PropertyShark found that the median home sales price along the boulevard surged 68 percent between 2014 and 2018. In addition to being a gateway to the Bronx from Manhattan, the area has its own cultural scene and history (it’s home to Yankee Stadium).

Investment activity picked up after 2015, with more than ...

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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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