Real Estate Wire: 15 CPW Pad Sells for 3x’s Its Purchase Price; Atlantic Yards Modular Tower Could Leak

Posted On Mon, September 22, 2014 By

Posted On Mon, September 22, 2014 By In Real Estate Wire

  • A tower unit at 15 Central Park West has sold for nearly $10M, about three times what the owner paid for it. [NYO]
  • The Astoria Cove housing development is required to set aside 20% of its 1,700 units for lower-income residents, but the city may push for as many as 30%. [Crain’s]
  • The Fiscal Policy Institute wants the city to start taxing very expensive pied-à-terres. [TRD]
  • The B2 modular tower at the Atlantic Yards (a.k.a. Pacific Park Brooklyn) could leak says Skanska in documents to Forest City Ratner. The builder and developer are headed to court tomorrow. [Atlantic Yards Report]
  • Brooklyn-based real estate investor and lender Alliance Private Capital Group has purchased a residential development site in Williamsburg for $35M. [Crain’s]
  • A taste of the apartments at 1110 Park Avenue. [Curbed]

15 Central Park West (left); B2 Tower (right)

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