Search Results for: which region New York included

July 13, 2023

NYCHA says it needs nearly $80 billion for repairs

New York City's public housing agency needs more than $78 billion to make much-needed repairs to its dilapidated housing stock, according to a new 20-year assessment released Wednesday. The estimation for the apartment repairs is a whopping 73 percent higher than NYCHA's last assessment of $45.2 billion calculated in 2017. According to the agency, nearly 40 percent of NYCHA apartments require more than $500,000 in work per unit.
Details here

NYC to install outdoor e-bike charging stations at dozens of NYCHA buildings

Image courtesy of Cory Doctorow on Flickr

June 26, 2023

NYC to install outdoor e-bike charging stations at dozens of NYCHA buildings

By Aaron Ginsburg

Hundreds of safe e-bike and scooter charging and storage stations will soon be installed across New York City's public housing buildings as a way to prevent battery fires. Mayor Eric Adams, Sen. Chuck Schumer, and Sen. Kirsten Gillibrand on Sunday announced plans to install 173 outdoor stations at 53 NYCHA developments starting next year, with a total of 327 stations planned. The announcement comes just days after a fire at an e-bike repair shop in Chinatown killed four people and injured several others. The initiative is funded through a $25 million emergency grant from the U.S. Department of Transportation.
Find out more

A section of NYC skateboarding ‘mecca’ Brooklyn Banks reopens in Chinatown

Public space under the Brooklyn Bridge. Wednesday, May 3, 2023. Images courtesy of Ed Reed/Mayoral Photography Office

May 16, 2023

A section of NYC skateboarding ‘mecca’ Brooklyn Banks reopens in Chinatown

By Aaron Ginsburg

Parts of a long-neglected public space under the Brooklyn Bridge once known as the "mecca" of New York City skateboarding will reopen this month. On Wednesday, May 24, "The Arches," a one-acre public space with basketball, pickleball, shuffleboard, and seating under the Manhattan side of the Brooklyn Bridge, will officially open after being shuttered for over a decade, Mayor Eric Adams announced last week. The new park sits next to Brooklyn Banks, a haven for skateboarders and BMX riders starting in the 1980s before closing in 2010.
Find out more

El Dorado childhood home of Beastie Boys’ Mike D finds a buyer after $4.5M price chop

Photos from the 2022 listing courtesy of Rise Media

May 10, 2023

El Dorado childhood home of Beastie Boys’ Mike D finds a buyer after $4.5M price chop

By Devin Gannon

The childhood home of Beastie Boys rapper Mike D has found a buyer, after a year on the market and a $4.5 million price cut. The apartment at the Upper West Side's enviable El Dorado building belonged to the estate of Hester and Harold Diamond, owners of one of the world’s finest art collections and parents of Mike Diamond. The duplex co-op hit the market in May 2022 for $19,500,000 and relisted this past March for $14,995,000 before entering contract on Tuesday, as first reported by the New York Post.
Details here

Real Estate Trends

Rent increase between 2% and 5% likely for NYC’s stabilized apartments

Photo by Avi Werde on Unsplash

May 3, 2023

Rent increase between 2% and 5% likely for NYC’s stabilized apartments

By Devin Gannon

The roughly two million New Yorkers who live in rent-stabilized apartments will likely see rents go up by the largest percentage in 10 years. In a preliminary vote on Tuesday, the Rent Guidelines Board, a nine-member panel responsible for adjusting the cost of rent for stabilized apartments, approved increases on one-year leases between 2 and 5 percent and increases on two-year leases between 4 and 7 percent. A vote determining the final increases will take place in June; the board historically has adopted rent hike proposals that fall within the preliminary range.
Details here

Policy

Final phase of JFK Airport’s $18 billion transformation kicks off with groundbreaking of Terminal 6

Renderings courtesy of Gov. Kathy Hochul’s office

February 24, 2023

Final phase of JFK Airport’s $18 billion transformation kicks off with groundbreaking of Terminal 6

By Aaron Ginsburg

Construction has officially begun on the new $4.2 billion Terminal 6 at John F. Kennedy International Airport, marking the final project of the airport's $18 billion transformation. The 1.2 million square foot, state-of-the-art terminal will include 10 new gates and a new home for JetBlue and create 4,000 new jobs, including 1,800 union construction jobs. The first new gates at the terminal will open in 2026, with a completion date scheduled for 2028.
Take a closer look

The top health and wellness gift ideas for everyone on your list

Photo by Ketut Subiyanto on Pexels

December 16, 2022

The top health and wellness gift ideas for everyone on your list

By Terri Williams

Health and wellness gifts can help your family members and friends to monitor their health, improve workouts, relax more, sleep better, and eat more nutritiously. These gifts also help them to improve their air quality and create an environment that’s conducive to well-being. The health and wellness category is broad and includes a variety of items. However, we did the legwork to find the best gifts for even the pickiest people.
See our guide

Shop

A conceptual rendering, courtesy of S9 Architecture

November 16, 2022

NYC’s first professional soccer stadium will open in Queens

By Devin Gannon

New York City's first professional soccer stadium will be built in Queens, officials announced Wednesday. The major mixed-use development is proposed for Willets Point, across the street from Citi Field. In addition to a 25,000-seat stadium for the New York City Football Club, the 23-acre project also includes a hotel, thousands of affordable housing units, and a new public school. As first reported by the New York Times, the stadium is expected to be completed by 2027.
More here

The history of Hudson Valley’s abandoned Bannerman Castle and how to visit

Photo (cropped) by H.L.I.T via Flickr cc

October 26, 2022

The history of Hudson Valley’s abandoned Bannerman Castle and how to visit

By Lucie Levine

Have you ever noticed a castle in the middle of the water about 50 miles north of New York City? That’s Bannerman Castle, a long-abandoned arsenal turned adventurer’s hotspot. Stationed on Pollepel Island, the early 20th-century structure sat as an abandoned ruin from the time it caught fire in 1969 until 1992 when a resident from nearby Beacon, NY started the Bannerman Castle Trust and subsequently stabilized the structure and opened the island its famous relic up for tours. Ahead, we uncover the sensational history of Bannerman Caste and fill you in on how you can visit.
Catch up on the Castle

History

$50M restoration of Jacob Riis Art Deco bathhouse adds restaurants, pool, and hotel rooms

All photos courtesy of Sylvester Zawadzki

October 21, 2022

$50M restoration of Jacob Riis Art Deco bathhouse adds restaurants, pool, and hotel rooms

By Aaron Ginsburg

The 90-year-old Art Deco bathhouse at Jacob Riis Park will be restored to its former glory as a beachfront hub under a $50 million rehabilitation project unveiled Thursday. CBSK Developers and the architect firm Beyer Blinder Belle will transform the iconic, but underutilized, 1932 building into a multi-purpose public space with restaurants, a bar, a pool, event spaces, and a 28-room boutique hotel.
See more here

Caesars Palace casino proposed for Times Square office tower

Photo by Andrae Ricketts on Unsplash

October 20, 2022

Caesars Palace casino proposed for Times Square office tower

By Aaron Ginsburg

New York City's bustling entertainment hub may soon welcome a casino. Developer SL Green and Caesars Entertainment on Thursday announced plans to pursue a gaming license for a potential Caesars Palace casino in the heart of Times Square at 1515 Broadway, a 54-story office building. The bid comes after the state legislature in April approved up to three casinos to open in the New York City area.
Find out more

Manhattan congestion pricing toll could cost up to $23 for drivers

Photo courtesy of Marc A. Hermann / MTA on Flickr

August 10, 2022

Manhattan congestion pricing toll could cost up to $23 for drivers

By Aaron Ginsburg

MTA officials on Wednesday released the highly-anticipated environmental assessment of the Central Business District (CBD) Tolling Program, known as congestion pricing. The analysis says that the program could cut traffic congestion in Manhattan's busiest areas by nearly 20 percent while raising $1 billion a year to fund mass transit improvements. Under the proposal, the plan could cost drivers who enter the borough south of 60th Street anywhere between $5 and $23, depending on the time of day and type of vehicle.
See more here

The El Dorado apartment of renowned art collector and ‘Beastie mom’ Hester Diamond asks $19.5M

Photo credit: Rise Media

May 12, 2022

The El Dorado apartment of renowned art collector and ‘Beastie mom’ Hester Diamond asks $19.5M

By Michelle Cohen

An apartment in the El Dorado at 300 Central Park West is an enviable enough thing on its own, even without the added cachet of belonging to the estate of Hester and Harold Diamond, owners of one of the world's finest art collections and parents of Mike Diamond of Beastie Boys fame, whose childhood home this was, Picassos and all. Ms. Diamond, who passed away in 2020 at 91, was an art dealer and collector whose collection of Old Masters and Modernist art, according to the New York Times, included Picasso, Mondrian, Rothko, and many more. Asking $19,500,000, the duplex co-op in one of New York City's most venerable buildings is museum-sized at 6,300 square feet with 800 square feet of terrace space and peerless park and skyline views.
View more of this amazing El Dorado residence

Distinctive Homes

Trump Organization can keep running Bronx golf course, judge rules

Photo by Dan DeLuca on Flickr

April 11, 2022

Trump Organization can keep running Bronx golf course, judge rules

By Devin Gannon

A judge on Friday said the Trump Organization can continue to operate its golf course in the Bronx, ruling the city wrongfully ended the company's contract. A few days after the January 6 insurrection, former Mayor Bill de Blasio announced plans to terminate several agreements with Donald Trump's company, including the contract for Trump Golf Links at Ferry Point. Last June, the Trump Organization sued New York City, arguing the city's effort was politically motivated and had no legal merit.
Get the details

Policy

$850M South Street Seaport project gets final approval

Photo credit: The Howard Hughes Corporation/SOM

January 5, 2022

$850M South Street Seaport project gets final approval

By Devin Gannon

The Howard Hughes Corporation last week got the official go-ahead from the city to build a mixed-use tower on a parking lot in the South Street Seaport. Originally proposed as a 1,000-foot-tall tower, the plan for 250 Water Street has changed many times over the last few years due to feedback from community groups and local officials, with the final result being a 324-foot-tall tower with roughly 270 apartments. The $850 million project is expected to break ground this year following remediation of the site.
Get the details

Hollywood legend Arlene Dahl’s Hudson Valley Victorian hits the market for $5M

Listing photos courtesy of Douglas Elliman

August 25, 2021

Hollywood legend Arlene Dahl’s Hudson Valley Victorian hits the market for $5M

By Dana Schulz

Actress Arlene Dahl--who achieved fame in the 1950s for her roles in Journey to the Center of the Earth, Slightly Scarlet, and Three Little Words--and her husband, renowned perfume bottle designer Marc Rosen, bought and restored this beautiful upstate Italianate Victorian 40 years ago. After decades of hosting many star-studded events at the home, including their son Lorenzo Lamas' wedding and an 80th birthday party for Helen Hayes, the couple has decided to list the Sparkill, New York property for $4,950,000. Known as Treetops, it was built in 1859 and has six bedrooms, eight original fireplaces, and plenty of period details.
See inside

$7.9M hilltop brick mansion on Long Island has its own heliport

Photos courtesy of Douglas Elliman

May 4, 2021

$7.9M hilltop brick mansion on Long Island has its own heliport

By Devin Gannon

Not comfortable traveling via commercial airline yet? A mansion on Long Island with a private heliport is now available for $7,950,000. The grand property is found at 18 Gwynne Road in Melville, a wealthy hamlet located within the town of Huntington. In addition to the easy access to personal air travel, other special features of the home include an in-ground pool, home theater, indoor basketball court, and a fitness center.
Full tour here

Distinctive Homes

February 4, 2021

Romantic Valentine’s Day takeout and treat options from NYC restaurants

By Dana Schulz

Heart-shaped pizzas, at-home sushi-making kits, red velvet cakes, sake and chocolate pairings--these are just some of the takeout offerings and treats that you can order this Valentine's Day. Since most of us will be staying home, we've put together a list of local restaurants with special to-go menus, as well as shops that have yummy holiday treats and edible gifts and even some virtual cooking classes. Ahead, check out all the options and start planning your romantic day (or weekend!).
Full list ahead

Bike lanes to replace car lanes on the Brooklyn and Queensboro bridges

Photo courtesy of alihasadd25 on Pixabay

January 29, 2021

Bike lanes to replace car lanes on the Brooklyn and Queensboro bridges

By Devin Gannon

New York City plans to ban cars from part of two major East River bridges and reserve them for cyclists. Mayor Bill de Blasio on Thursday unveiled a proposal to transform the innermost lane of the Brooklyn Bridge into a two-way protected bike lane and convert the north outer roadway of the Queensboro Bridge into a two-way bike-only lane. The "Bridges for the People" plan was announced as part of the mayor's final State of the City address, "A Recovery for All of Us."
Find out more

Transit

How Joe Biden will affect NYC’s renters, real estate, and recovery

Photo by Gage Skidmore on Flickr

January 20, 2021

How Joe Biden will affect NYC’s renters, real estate, and recovery

By Devin Gannon

After Joe Biden is sworn in as the 46th president of the United States on Wednesday, his immediate focus will be getting the coronavirus pandemic under control and providing direct relief to Americans. In addition to immediate actions related to COVID-19, Biden's Day 1 housing priorities include extending the federal nationwide moratorium on residential evictions through the end of September and sending an additional $25 billion in rental assistance to states. Down the road, Biden has proposed fewer developer-friendly policies than his predecessor, including a repeal of the 1031 exchange and reform of the Opportunity Zone tax program. But overall, there is optimism among New York City real estate industry experts who see a Biden Administration as a way to restore stability and consumer confidence. With a pledge to defeat COVID-19 and send federal support to New York City, there's hope on the horizon for the city's recovery.
Learn more

NYC delays in-person learning at public schools again

Mayor de Blasio and Chancellor Carranza tour New Bridges Elementary in Brooklyn to observe the school’s PPE delivery and reopening preparations; Photo: Ed Reed/Mayoral Photography Office on Flickr

September 17, 2020

NYC delays in-person learning at public schools again

By Devin Gannon

New York City schools will no longer open in-person instruction for most students on Monday, Mayor Bill de Blasio announced on Thursday. Just four days before city school buildings were set to physically reopen for students, the mayor delayed in-person learning for the second time after complaints from school staff over safety and staffing. In-person instruction will now start in phases, with preschool students starting on Monday, K-8th grade students on September 29, and high school and some middle-school students on October 1.
Find out more

Policy

The Hell’s Kitchen Antiques Fair & Flea Market closed in 2018; Photo by S.J.I on Flickr

December 30, 2019

Famed flea market in Chelsea has closed

By Devin Gannon

After nearly five decades in operation, a famed flea market in Chelsea officially closed on Sunday, the New York Times reported. Alan Boss, the owner of the Annex Antiques Fair and Flea Market, which first opened in 1976 on a corner lot on West 25th Street, said the landlords did not renew the market's lease. While Boss said he hoped to find a new location, there isn't much remaining in the expanding neighborhood. "The current location was the last available lot of any size," Boss told the Times.
More here

Real Estate Trends

Cuomo vetoes bill to legalize e-bikes despite overwhelming support

Photo by Peter Burka on Flickr

December 27, 2019

Cuomo vetoes bill to legalize e-bikes despite overwhelming support

By Devin Gannon

Gov. Andrew Cuomo on Thursday vetoed a bill that would have legalized electric bikes and scooters, despite overwhelming support from lawmakers and advocacy groups. Approved by Albany in June, the bill legalized e-bikes and e-scooters, capping their speeds at 25 and 20 miles per hour, respectively, for riders aged 16 years and older. But Cuomo said the bill, sponsored by Assembly Member Nily Rozic and State Sen. Jessica Ramos, left out safety measures he had sought.
More here

Weeks before winter begins, thousands of NYCHA residents have been without heat or hot water

More than 2,460 residents at the LaGuardia Houses on the LES were affected by the outages Tuesday; photo via Wikimedia

November 20, 2019

Weeks before winter begins, thousands of NYCHA residents have been without heat or hot water

By Devin Gannon

Thousands of public housing residents did not have heat and hot water on Tuesday, making it the second widespread outage in less than two weeks. As first reported by Gothamist, 10,000 New York City Housing Authority tenants across six complexes suffered from the outages this week. And last week, when temperatures dropped below freezing, roughly 23,000 NYCHA residents did not have heat or hot water at some point.
Get the details

Policy

Search Results for: which region New York included

Pitch a Story

Interested in seeing the property in person?

Interested in seeing the property in person?

Distinctive Post Form

Get in Touch

Send us a Tip

Interesting in learning more about purchasing a new home?

Thinking about selling your home?

Sell a Home (Footer)

Before You Move On from this Page.

Your Passport to NYC:Subscribe for Local Insights and Stories!

Before You Move On
from this Page.

Your Passport to NYC:
Subscribe for Local Insights and Stories!