The Real Deal - New York Real Estate News

Macklowe seeks $1.1B refi of One Wall Street

Posted: 30 Mar 2022 02:30 PM PDT

Harry Macklowe’s initial plans for One Wall Street started with a few sheets of handwritten notes. Now, the colossal condo conversion is seeking a massive amount of paper. Macklowe Properties and Dilmon LLC, the family office of Qatari royal Hamad bin Khalifa Al Thani, are looking for a loan of at least $1.1 billion to refinance the landmarked Art Deco tower, Bloomberg reported. Macklowe is working with Newmark on the solicitation. The developers are interested

Mortgage rates surge, capping fastest rise since 1994

Posted: 30 Mar 2022 01:45 PM PDT

Mortgage rates last week jumped to their highest level in more than three years, which could bring the housing market frenzy to a close. The contract rate on a 30-year fixed-rate mortgage shot up to 4.8 percent in the week ended March 25 from 4.5 percent a week earlier, the Mortgage Bankers Association reported. That was the largest one-week increase since February 2011, and it brought mortgage rates to their highest level since December 2018.

Oceanfront Hamptons home sells for $7M below ask

Posted: 30 Mar 2022 01:00 PM PDT

A waterfront Hamptons home watched $7 million wash away during its time on the market. A Wainscott home asking $37 million recently sold for $30 million, Dirt reported. The home at 38 Association Road went into contract about four months ago. The sellers of the estate were Frederic and Robin Seegal, according to Dirt, while the anonymous buyer was shielded by an LLC. The estate includes two oceanfront acres with views of both the Atlantic