The Real Deal - New York Real Estate News

Mayor questions allowing condo construction during pandemic

Posted: 22 Mar 2020 04:21 PM PDT

Mayor Bill de Blasio indicated Sunday that not all construction might be “essential” after all. During a press conference, the mayor said it was “important” to discuss with state officials whether all construction should remain exempt from Gov. Andrew Cuomo’s order requiring employees of non-essential businesses to stay home. De Blasio noted that he doesn’t consider luxury condo construction a priority, but asserted that the city is working within the parameters laid out by the

Governor gives NYC 24 hours to make crowd-reduction plan

Posted: 22 Mar 2020 11:15 AM PDT

Governor Andrew Cuomo has given New York City officials 24 hours to prepare a plan addressing risky outdoor activity in the city, saying “dramatic action” is needed. At a press briefing Sunday, Cuomo said he visited New York City on Saturday and witnessed people gathering in parks and playing basketball, despite the coronavirus pandemic. “There is a density level in New York City that is wholly inappropriate,” he said. “You would think there was nothing

Deals fall through and agents struggle to sell over coronavirus measures

Posted: 22 Mar 2020 11:00 AM PDT

The coronavirus COVID-19 pandemic has all but completely upended the business of being a real estate agent. Restrictions on large gatherings have put a hold on open houses and many buyers and sellers are understandably hesitant to do face-to-face business. Agents struggle to show homes and maintain social distancing measures, according to the Wall Street Journal. Sean Nielsen, an agent in Seattle, said that prospective buyers were still willing to go to open houses over

Cuomo says NY “took care of rent issue,” but has no policy in place

Posted: 22 Mar 2020 10:37 AM PDT

At a press conference Sunday morning, Gov. Andrew Cuomo said New York “took care of the rent issue.” But there is currently no policy in place to back that claim. In response to a question about rent relief for those affected by the coronavirus, Cuomo said “[renters] cannot be evicted for non-payment of rent.” He did not elaborate, but was referring to a state judge’s memo suspending eviction proceedings indefinitely. With a mandate for all

A 17th century London estate once home to the Queen Mother is on the market for $61M

Posted: 22 Mar 2020 09:00 AM PDT

A 340-year-old estate in central London is on the market for the first time in two decades. The Stanley House and the acre it sits upon in Chelsea is asking $60.7 million, according to the Wall Street Journal. The massive home spans more than 15,000 square feet with eight bedrooms and nine bathrooms. The Stanley House is no closet, but is dwarfed next to the 62,000-square-foot mansion that sold in January for a reported $262

Bahamas spread with Jackie-O and Heinz family connections hits market

Posted: 22 Mar 2020 06:00 AM PDT

Jackie Kennedy Onassis’s winter retreat in the Bahamas is on the market. The five-bedroom, five-bathroom villa is listed with Christie’s International Real Estate for $5.5 million, according to the New York Post. Jackie-O never owned the property, but was a frequent guest of its owners, Mr. and Mrs. Jack Heinz of the Heinz condiment empire. Her sister, Lee Radziwill, was also a frequent guest of the Heinz family. Radziwill’s longtime Upper East Side home hit