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Brooklyn has obviously gone through dramatic changes over the last decade. The hip nightlife and art scenes of Lower Manhattan have overflowed into Williamsburg and Downtown Brooklyn and now continue to spread throughout the borough. With gentrification of course comes rising prices, especially in real estate. An estimated 17,500-square-foot Brooklyn Height’s brownstone is taking the market to new heights with an expected listing price of $40 million, according to the agent.
This price will break records for a residential property in the borough. President of Miller Samuel Real Estate Appraisers, Jonathan Miller, said the brownstone will be the highest priced single-family home or apartment on record in Brooklyn. According to
During the last days of 2014, the Jewish Business News published a recap of the top ten biggest real estate stories for the year. The rankings were based on a culmination of factors, which of course included the property’s sales price, but the primary determinant was the overall significance of the story.
1- The Durst Organization’s One World Trade Center
At the top of this list is the Durst Organization’s new famed One World Trade Center tower; with 104 floors, the building stands
For $17,000 to $22,000 you can live in a synagogue. Or what was a synagogue for decades. Two full floor luxury units at 3 W 16th street are now on the market, with another three in the building, and represent the end of a sad story.
In 2002 the former owners of the building attempted to evict the Sixteenth Street Synagogue in order to sell the property. Steven Ancona and Jack Braha, however, had a better development plan – they were to build condos on the upper levels, and leave the lower
Nakash Holdings, the investment company controlled by Jordache Enterprises, recently announced it has just bought the Setai Hotel for $90 million. “The Setai is really the crown jewel of Miami Beach,” Jonathan Bennett, managing director of Nakash Holdings, the real estate division of Jordache, told the Miami Herald. The 120 room hotel is the latest Nakash purchase in the area, adding to the company’s holdings of five other hotels, including the Breakwater Hotel and Hotel Victor, as well
Developer Michael Shvo partnered with various global and local investors to acquire $240 million worth of debt and equity to use for the acquisition and development of the property located at 125 Greenwich Street in Downtown Manhattan, New York. Shvo plans transform the site into a giant condominium tower. The intricate deal finally closed on Friday, August 29th.
David Bizzi’s firm Bizzi & Partners was brought on by Shvo as a co-developer. In addition, he received equity from New Valley, the