NYC Real Estate Recap: July 17 - 23

IN THIS WEEK'S REAL ESTATE RECAP, StreetEasy use evaporates after introducing a new listing fee model, Walmart forges a partnership in the real estate technology space, and the public puts a renewed focus on high-rise emergency preparedness in light of recent apartment fires in the U.S. and abroad.


StreetEasy’s rental listings plummet as agents push back against fee

"If StreetEasy wanted to test the loyalty of the city’s rental agents, they have their answer." Read more here...


30-Year Rent Stabilization Deal Made at Crown Heights Apartment Complex

"Five of six regulatory agreements have been signed at the Brooklyn Jewish Hospital apartments." Read more here...


These Neighborhoods Have the Most New Rental Apartments Coming This Year

"Long Island City and Downtown Brooklyn lead the pack with roughly 6,000 new rental units." Read more here...


U.S. homebuilder confidence dips to an eight-month low

"Homebuilders polled by the National Association of Home Builders/Wells Fargo reported sentiment fell to an eight-month low in July, Bloomberg News reported." Read more here...


Feds trying to seize One57 condo in Nigerian corruption case

"The U.S. government wants to seize a penthouse condominium unit at One57 and a yacht that belongs to Nigerian energy magnate Kolawole 'Kola' Aluko." Read more here...


Your next real estate broker could be a robot

"Big data and artificial intelligence are starting to be used to sell pricey residential real estate — and that is likely to be bad news for brokers." Read more here...


Retail vacancies are up 10% in Manhattan and Brooklyn

"According to this week’s market reports, Tribeca’s outrageous median sales price is only getting bigger, while office sales prices in Manhattan crossed the $1,000 per square foot benchmark..." Read more here...


Walmart’s Amazon killer and a real estate startup are wooing NYC landlords

"Walmart’s online shopping platform Jet.com is teaming up with real estate startup Latch to make it easier for tenants in non-doorman buildings to accept packages ordered online." Read more here...


High-Rise Apartment Fires Raise Concerns About Sprinkler Systems, Escape Routes

"Several apartment fires that have occurred in the U.S. and London [have left]... local officials wondering whether these properties were adequately built to withstand large fires." Read more here...


Tenants win 421g case at 90 West Street

"Manhattan Supreme Court judge ruled Wednesday that the owners of 90 West Street illegally deregulated apartments and overcharged on rents for years." Read more here...


High Net Worth Investors Turn From Hedge Funds To Real Estate

"Wealthy investors are increasingly turning from hedge funds and equities to invest in real estate, according to a recent survey. The trend is being exacerbated by global political uncertainty." Read more here...

 

Did we miss something? Let us know by emailing us at info@livebixby.co and we'll include it in next week's recap.