The Real Deal - New York Real Estate News

Ex-Yankees, Mets star David Cone sells West Village condo

Posted: 06 May 2022 02:00 PM PDT

Ex-Yankees and Mets pitcher David Cone has sold his West Village condo. Cone, whose career highlights included a perfect game in 1999 for the Yankees, sold his apartment in the Greenwich Lane at 160 West 12th Street for $8.3 million — just $200,000 more than he paid for it in 2016, according to property records. Compass’ Zeve Salman, the listing agent, said Cone had been renting the apartment out for the last several years before

Vornado puts FiDi office building on the market as it trims portfolio

Posted: 06 May 2022 01:30 PM PDT

Steve Roth’s Vornado Realty Trust is looking to sell another office building as it trims outdated portions of its portfolio. The REIT’s 1980s-era office property at 40 Fulton Street in the Financial District is for sale, marketing materials show. The company aims to get somewhere between $130 million and $140 million for the 29-story building, according to a source familiar with the matter. A representative for Vornado declined to comment. But on the company’s first-quarter

Jobs report shows more workers returning to office

Posted: 06 May 2022 12:30 PM PDT

Hiring at restaurants, bars and hotels slowed in April, falling about 20 percent from March, according to government figures released Friday. Still, leisure and hospitality, the industry most affected by the pandemic, hired more workers than any other last month as the overall economy added a robust 428,000 new jobs. The unemployment rate remained unchanged at 3.6 percent, the government said. It was “another strong month of job growth,” said Mike Fratantoni, chief economist for

Shvo gets $162M loan for Mandarin Oriental Residences

Posted: 06 May 2022 12:04 PM PDT

Michael Shvo and Deutsche Finance Group secured a $162.4 million construction loan from Northwind Group for their Mandarin Oriental-branded condos at 685 Fifth Avenue. The new funding replaces a $120 million construction loan by CIM Group from December 2019. The loan should help the investors finish up work at the 69-unit project on the corner of Fifth Avenue and 54th Street, which launched sales in December. Shvo didn’t immediately return a request for comment on