The Real Deal - New York Real Estate News

Brooklyn landlord voluntarily waives April rents at all 18 properties

Posted: 04 Apr 2020 10:00 AM PDT

Mario Salerno isn’t the only good landlord in the city of New York, but he’s quickly becoming one of the most well-known. Salerno waived rents for all 80 tenants in all 18 of his apartment buildings — no questions asked — to ease the financial pressure felt by many in the age of coronavirus, according to the New York Times. Residents found signs from Salerno posted near their buildings’ front doors informing them that he

Look inside: TRD‘s co-working event at SPACES’ Dumbo location

Posted: 04 Apr 2020 09:00 AM PDT

On March 5, The Real Deal headed to Dumbo for a panel on the Future of Co-working and to check out a new SPACES location at 175 Pearl Street. With hand sanitizer close by and elbow-bumps instead of handshakes, real estate players gathered to tour, network and listen in to a conversation between TRD‘s David Jeans, IWG’s Michael Berretta, Laura Jean-Jacques of Jean-Jacques Group, Charlie Robinson of Servcorp and Francesco De Camilli of Colliers International.

Some New York renters were caught mid-move

Posted: 04 Apr 2020 06:00 AM PDT

The coronavirus pandemic is not only throwing a wrench into the business of renting and selling apartments in New York, but moving to and from them as well. Some unfortunate New Yorkers find their closings on hold. Others are caught mid-move, according to the New York Post. Robert Sosin closed on a three-bedroom unit in the Southbridge Towers in lower Manhattan just before the pandemic began affecting business in the city. He expected an April

Wood’s Hole mansion breaks Cape Cod sales record

Posted: 04 Apr 2020 06:00 AM PDT

The $20 million sale of a sprawling estate in the seaside Cape Cod enclave of Wood’s Hole has broken the previous price record for the Massachusetts peninsula. The sale edged out Bill Koch’s $19.5 million purchase of philanthropist Bunny Mellon’s 26-acre Osterville estate in 2013, according to the Wall Street Journal. The Wood’s Hole property hit the market in December asking $25 million. It spans nearly 10 acres on Penzance Point, a hook-like peninsula angling

WeWork shuts Brooklyn location after employee gets Covid-19

Posted: 03 Apr 2020 07:29 PM PDT

WeWork has closed one of its Brooklyn locations after an employee tested positive for the coronavirus, The Real Deal has learned. Members of the co-working space at 81 Prospect Street were notified by email that the employee was last on the premises April 1 “and until further notice, [is] no longer working at the location.” The site will be closed for cleaning until Monday, the email said. WeWork did not respond to requests for comment.