Legion Investment Group’s UES condo scores top Manhattan contract

July 7, 2025 / no comments

A penthouse at Victor Sigoura’s 109 East 79th Street snagged the top contract in Manhattan last week.  The 16th-floor condo, asking just under $35 million, was the priciest of 18 homes in the borough asking $4 million or more to land a buyer between June 30 and July 6, according to Olshan Realty’s weekly report.  […]

This article originally appeared on The Real Deal. Click here to read the full story.

Saudis take stake in Related’s 625 Madison

July 7, 2025 / no comments

Saudi Arabia’s Public Investment Fund is taking a commanding stake in a planned 1,200-foot Manhattan skyscraper, marking another major foreign capital play in the city’s rebounding commercial market. The $1 trillion sovereign wealth fund is partnering with Related Companies on the Central Park-adjacent site at 625 Madison Avenue to take a two-thirds stake in the […]

This article originally appeared on The Real Deal. Click here to read the full story.

Low inventory, hidden contracts drive new dev swoon

July 7, 2025 / no comments

New York City’s new development contracts dried up as the winter thawed to spring.  The city notched 648 contracts in the second quarter, down 9 percent from the same period in the previous year, according to a Marketproof report.  The luxury market, which has performed well across the city as a whole, didn’t fare much […]

This article originally appeared on The Real Deal. Click here to read the full story.

City says psych exam justifies keeping non-paying subletter in unit

July 7, 2025 / no comments

Housing court. It’s like a whole other country. With apologies to Texas, the case at 367 Wadsworth Avenue in Washington Heights exemplifies just how insane the administration of justice can be for New York City landlords. The saga has now taken another turn. The case, involving a subletter who refuses to leave a fashion model’s […]

This article originally appeared on The Real Deal. Click here to read the full story.

Carnegie House ground lease heads to arbitration

July 7, 2025 / no comments

Time is up for the residents of Carnegie House, as their battle over their ground lease rent heads to arbitration.  The co-op board of 100 West 57th Street and the entity that owns the building’s retail space have been fighting what they expect to be a massive increase in their ground rent. After unsuccessful attempts […]

This article originally appeared on The Real Deal. Click here to read the full story.