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3 days ago | 
therealdeal.com | Sheridan Wall |Matthew Elo
Irina Shayk has finally parted with her West Village condo. The Russian supermodel sold her apartment at 166 Perry Street for $3.25 million, or roughly $1,300 per square foot, according to public records. The deal came nearly a decade after Shayk initially sought to offload the duplex and was $1 million less than she asked for the unit when it hit the market again last summer.
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5 days ago | 
therealdeal.com | Sheridan Wall |Matthew Elo
New York City is cracking down on brokers’ fees, but by all appearances, renting in the five boroughs is still the Wild West. The Department of Consumer and Worker Protection proposed levying fines starting at $750 against brokers and landlords charging a fee to tenants who didn’t expressly hire the agent, Crain’s New York reported.
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1 week ago | 
therealdeal.com | Sheridan Wall |Matthew Elo
A broker once told me he objected to the term “luxury” to describe one segment of the New York City market — with the steep cost of housing across the five boroughs, owning a home at all is a luxury. It was an especially grounded take for an agent who’s built his career selling eight-figure townhouses in the West Village, and one echoed in a recent Redfin report measuring the gap between the income required to purchase a home versus rent across New York, Newark and Jersey City.
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2 weeks ago | 
therealdeal.com | Sam Lounsberry |Keith Larsen |Matthew Elo |Adam Farence
Tenants at Ellis Lakeview in Chicago’s South Shore neighborhood started off the year desperate for a new owner at their apartment complex. Their building had problems, like broken boilers, pest infestations and clogged sewers, which had worsened under an old landlord, an entity called Apex Chicago. Some tenants went on a rent strike. But this wasn’t just any landlord-tenant dispute.
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3 weeks ago | 
therealdeal.com | Jake Indursky |Sheridan Wall |Matthew Elo |Joseph Jungermann
Sitting in Sant Ambroeus in the West Village, Zeve Salman looked out longingly onto the row of eight-figure homes lining Perry Street. “If you gave me five new houses on this street right here, I could sell them,” he said. “But find me those five houses.”Salman, a co-founder of the Elevated Team with Eric Brown at Compass, echoed a refrain common in 2024, chalking up the market’s troubles to a lack of quality inventory.
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3 weeks ago | 
therealdeal.com | Elizabeth Cryan |Matthew Elo
It may be checkout time for Aby Rosen at another one of his hotel properties. Rosen, Michael Fuchs and their company RFR Holding are battling with landlord Commerz Real in three separate lawsuits over the Soho luxury hotel 11 Howard. The German asset manager filed a petition in February to evict RFR from the 211-room hotel; A hearing is set for April 3. A new lawsuit filed this week by the landlord claims RFR owes more than $18 million in back rent, taxes, insurance and other costs.
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1 month ago | 
therealdeal.com | Sheridan Wall |Matthew Elo
The owners of a Soho penthouse are suing Tal Alexander and Official Partners for allegedly defrauding them of roughly $400,000. The lawsuit, filed in New York on Monday, accuses the former top agent, the brokerage he co-founded and his client, entrepreneur Daniel Fine, of lying about Fine’s finances and deceiving the owners into renting their apartment at 54 Thompson Street to him. The lease “was and continues to be a con-job disaster,” the complaint states.
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1 month ago | 
therealdeal.com | Sheridan Wall |Matthew Elo
For a few noteworthy Upper East Side properties, years on the market are turning into signed contracts. A pet entrepreneur’s Fifth Avenue condo finally found a buyer last week after seven years of on-and-off shopping. The sixth-floor apartment topped Manhattan’s luxury market, per Olshan Realty’s weekly report, with an asking price of around $25 million. Why now? Appraiser Jonathan Miller said buyers are making moves this year despite some uncertainty in the market.
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1 month ago | 
therealdeal.com | Elizabeth Cryan |Matthew Elo
Joseph Safdie bought a Gowanus development site a little over a year ago, betting on a replacement for the expired 421a tax abatement. The bet seemed to pay off in April when the state passed a revamped version called 485x. But it had deeper affordability requirements than 421a, and a higher wage scale for workers depending on location and project size. Safdie grabbed his pencil and started calculating construction costs for his property on the corner of Fourth Avenue and 14th Street.
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1 month ago | 
therealdeal.com | Elizabeth Cryan |Matthew Elo
A trio of Manhattan office buildings scored 10-figure CMBS deals in February, another sign of a post-pandemic recovery for trophy commercial properties. The blockbuster refinancings come amid an overall surge in issuance of commercial mortgage-backed securities. CMBS issuances totaled $18.3 billion nationwide last month, more than double January’s total of $7.9 billion, according to KBRA.
