NYC Real Estate Recap: July 31 - August 6

IN THIS WEEK'S REAL ESTATE RECAP, a landlord who listed apartments on airbnb is forced to relinquish property operations to an independent manager; analysis indicates apartment vacancy rates could soar as demand falls and supply continues to expand; officials threaten to bring a lawsuit against the city if it doesn't halt a trio of skyscrapers planned for the Two Bridges waterfront; and much more!


Midtown landlord Solly Assa pays the price for renting pads on Airbnb

"A Manhattan court has ordered that a landlord who rented out apartments on Airbnb must surrender control of the properties to an independent manager." Read more here...


21-Story Apartment Building Planned For Roosevelt Island

"The new tower will go up at 460 Main St. as one of nine Related-developed buildings on the island." Read more here...


NYC’s apartment vacancy rates are about to explode: report

"The vacancy rate for New York’s rental apartments could soar from a current 3.8 percent to more than 11 percent by the end of 2018..." Read more here...


1,000 Apartments, School and Office Space Coming to LIC Waterfront Site

"The project will be located on two sites across from each another where 44th Drive meets the waterfront." Read more here...


RealPage's $250M Acquisition Of On-Site Is Its Fourth Of 2017

"RealPage is shelling out $250M in cash to acquire On-Site Manager, a leasing platform for multifamily and single-family property managers and residents." Read more here...


New Park Slope Condos Define Brooklyn's 'Cultural Shift,' Architect Says

"The condos at 251 First St. will offer a stroller valet, pet grooming station and 'virtual concierge.'" Read more here...


McKibbin Loft Tenants Booted for Illegally Subdivided Apartments: Records

"Inspectors visited the notorious McKibbin Loft building on July 17, records show." Read more here...


The quiet financier behind New York’s second-tallest condo project: Qatar

"The most ostentatious projects in Manhattan may reflect the wildest ambitions of local developers, but they’re increasingly bankrolled by centers of wealth and power from all across the globe." Read more here...


Local Pols Threaten Legal Action if City Approves Trio of Waterfront Towers

"Representatives said they are prepared to bring a lawsuit against the city if the towers are approved." Read more here...


Realogy shrugs off competition from a “small startup” called Redfin

"Shares of Redfin have nearly doubled since the online brokerage’s IPO last week — and it’s made no bones about gunning for traditional brokerages. But guess who’s not sweating..." Read more here...


Airbnb's New York listings are on the rebound following crackdown

"The number of active Airbnb rentals in New York City is on the rise following the city’s crackdown on illegal short-term stay listings." Read more here...


MacQuesten Announces Plan For Transit-Oriented Affordable Development In Bed-Stuy

"MacQuesten Development released plans for a transit-oriented, affordable housing development in Bedford-Stuyvesant on Monday." 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.