Source: 622 West 51st Street | LSC Development | Gary Spindler

The premise of “The Closing” interview is simple: each month, sit down with an individual who not only made it to the summit of the New York real esta Source: Real estate titans come together for “The Closing” book party

The Kaufman Organization is inking a long-term ground lease under a NoMad office building on Fifth Avenue, in a deal that allows it to connect the pro Source: Sister act: Kaufman inking ground lease for NoMad office building

Parking mogul Gary Spindler handed over control of one if his Far West Side parking lots to a developer from the west – the Midwest, that is. Spind Source: Gary Spindler sells 99-year lease of parking lot on the Far West Side

Why sell when you can ground lease? In the simplest form, a ground lease is a long term net lease (usually 49 to 99 years) of land including any said improvements to said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large… Read More Visit groundlease.nyc for a complimentary property evaluation

The City Council’s Land Use Committee on Tuesday greenlighted a proposal to rezone East Harlem under the Mandatory Inclusionary Housing program — a plan that is expected to create 1,288 affordable housing units on private sites. Under MIH, the city estimates that at least 20 to 25 percent of all new residential units in East Harlem will be affordable. As a part of the plan, New York City Housing Authority’s East Harlem properties will get […]… Read More Land Use approves East Harlem rezoning

From the November issue: The funniest and most insightful comments on real estate.… Read More Mark Stagg: “They think one day they’re going to wake up, and rents for two-bedrooms are going to be $3,500.”

Hedge funder who broke national sales record lists old East Hampton digs for $70M Hedge fund manager Barry Rosenstein has listed his oceanfront East Hampton home for $70 million. After buying the Drew Lane property in 2005 for $19.2 million, Rosenstein tore down a 1920s-era cottage and built a modern seven-bedroom, 9½-bathroom home in its place. The property also boasts a two-bedroom guest cottage, a 62-foot lap pool and a separate garage with office space. […]… Read More Hamptons Cheat Sheet: Why one hedge funder has no use for a $70M mansion, historic Southampton inn could become condos … & more