The deal that brought Avra Estiatorio to Midtown Sixth Avenue took two years to complete — due mainly to the pandemic’s disruption. But the popular Greek seafood empire’s journey to 390 Ninth Ave. occurred at relative warp speed, according to CBRE’s Gary Trock, who brokered the deal for Avra. “The lease didn’t take that long to
He may be heading to live in the Sunshine State, but Amazon titan Jeff Bezos still has prominent West Coast presence. The Daily Mail reports that Bezos, the third richest man on Earth with a net worth of nearly $194 billion, has added some glam final touches onto his megamansion in Beverly Hills, California. They
Witthaya Prasongsin | Moment | Getty Images Despite a slump in U.S. home sales, many homeowners made a profit selling property in 2023. Those gains could trigger a tax bill this season, depending on the size of the windfall, experts say. In 2023, home sellers made a $121,000 profit on the typical median-priced single-family home,
Maskot | Digitalvision | Getty Images Several factors may affect your path towards homeownership — one may be your parents. “If your parents are homeowners, you’re more likely to be a homeowner,” said Susan M. Wachter, a professor of real estate and finance at The Wharton School of the University of Pennsylvania. Homeowner parents are
Nir Meir, the New York City developer currently held on a staggering $5 million cash bond, was once known for his extravagant taste in fine wines, exotic cars and luxurious living. However, as he faces charges of grand larceny, tax fraud and falsifying business records, the glamorous facade of Meir’s life is being peeled back
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year over year. The count
A video circulating on social media is causing quite the viral stir, showcasing a miniscule New York City apartment that’s just big enough for a bit of empty space, and not much else. Douglas Elliman agent Omer Labock took to Instagram to give his 136,000 followers an inside look at a Manhattan listing that asks
Maskot | Digitalvision | Getty Images While homeownership is out of reach for many Black Americans, most still see it as a hallmark of success. About 66% of Black Americans consider themselves successful in some way, according to a recent study by the Pew Research Center. Slightly more than half of all those surveyed, 52%, believe
Sturti | E+ | Getty Images The cost of housing is generally expensive across the board for Americans, whether you’re a renter or an aspiring homeowner. While both home prices and rent have outpaced wage growth in most areas, renting can be the smarter financial choice in many markets, said Susan M. Wachter, a
Former U.S. President Donald Trump gestures on the day of a court hearing on charges of falsifying business records to cover up a hush money payment to a porn star before the 2016 election, in New York State Supreme Court in the Manhattan borough of New York City, U.S., February 15, 2024. Andrew Kelly |
A stylish downtown loft owned by German-born model Katrin Thormann and top real estate broker Nick Gavin has entered contract for more than its $4.75 million asking price after just a week for sale, Gimme Shelter has learned. The four-bedroom, four-bath condo where Little Italy meets Chinatown is at 136 Baxter St. The couple had
New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada, on June 28, 2023. Andri Tambunan | AFP | Getty Images Mortgage interest rates surged last week to the highest level since early December, and that hit mortgage demand hard. Total application volume plunged 10.6% compared
Kali9 | E+ | Getty Images Black women are outpacing Black men when it comes homebuying. Single female homebuyers are most common among Black women, representing 27% of Black homebuyers, according to the 2023 Snapshot of Race and Home Buying in America report by the National Association of Realtors. To compare, single women represent 24% of
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