Real Estate Wire: Penn Station Expansion Moves Forward; Price Chops Across the City

Posted On Wed, August 27, 2014 By

Posted On Wed, August 27, 2014 By In Real Estate Wire

  • Plans to convert the James A. Farley Post Office on Eighth Avenue into an elegant annex for Penn Station are finally moving ahead. [NYT]
  • The Sunshine Hotel, one of the last operational Bowery flophouses, is downsizing one-third to make way for commercial lofts. [Bowery Boogie]
  • Why Manhattan and Brooklyn apartment sellers have been cutting prices this month. [DNA Info]
  • Elliman’s Michael Graves makes a record-breaking sale with his own Williamsburg apartment. The condo at The Residences at The Williamsburg at 135 North 11th Street sold for $1.75M or $1,906 per square foot. [Brownstoner]

The James A. Farley Post Office (left); A reduced two-bedroomat 2255 Adam Clayton Powell Blvd. (right)

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