Rheingold Brewery Bushwick

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Yoel Goldman planning colossal rental building at Rheingold Brewery site 1 million-square-foot, ODA-designed Bushwick II to contain 800-900 units

Yoel Goldman’s All Year Management revealed its plans for its two-city-block-sized development site at the former Rheingo上海千花网论坛 上海千花网ld Brewery complex in Bushwick, and they’re big.

The firm will build a 1 million-square-foot, 800 to 900-unit rental complex on the block bounded by Stanwix and Melrose streets and Evergreen and Flushing avenues, to be called Bushwick II, The Real Deal has learned阿爱上海同城 阿拉爱上海同城.

About 20 percent of units will be affordable.

The ODA New York-designed building will feature a complex system of interconnecting courtyards and common spaces, including coffee shops, art galleries, lounges and fitness areas, most of which will be available to the public, according to the architecture firm. The building’s 60,000-square-foot roof will house an urban farm, as well as additional recreation and exercise space. A nearly 18,000-square-foot park will run through the building’s center.

“By interrupting the rigid order of a typical NYC street grid and blending it with the sequencing of a European village,” ODA’s founder Eran Chen said in a statement, “the path becomes a meandering courtyard rather than a direct line from a to b.”

The Williamsburg-based All Year assembled the site in two separate pu爱上海 爱上海同城手机版rchases. It bought 123 Melrose Street from Princeton Holdings’ Joseph Tabak and Read Property Group’s Robert Wolf 爱上海同城手机版 新爱上海同城对对碰论坛in November for $68.5 million. Then, in April, it picked up the adja上海龙凤论坛 新上海贵族宝贝论坛cent 28 Stanwix Street from the same sellers, paying $72.2 million.

The site is just south of another site, 10 Montieth Street, owned by Simon Dushinsky’s Rabsky Group, that will also be home to a massive, ODA-designed rental building. That project is set to encompass 400,000-square-foot of space and contain about 400 units.

Tags: ODA Architecture, Rabsky Group, Rheingold Brewery, Simon Dushinsky, Yoel Goldman
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Property Brothers Advice

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Drew and Jonathan Scott (photo credit: Mingle Media TV via Wikicommons)

In a recent interview, HGTV stars the Property Brothers shared advice that some would-be investors may find hard to s上海龙凤论坛sh1f 上海龙凤论坛wallow: There s no secret 上海贵族宝贝 上海千花网龙凤论坛to being successful in real estate.

Everyone thinks that there s a secret, there s a secret formula to real estate, brothers Drew and Jonathan Scott told Molly Wood of Marhetplace. And there really isn t, because real estate in itself is the most basic of simple econo上海夜网 阿爱上海同城mics.

It s supply and demand: the more people that want your product, the better the price you re gonna get. There s no real secret, it s all about educating yourself and not just doing the guessing game.

The Property Brothers base their own success on years of experience. They have been involved with real estate since buying their first上海贵族宝贝论坛 上海贵族宝贝 house at age 18 in order to keep from being struggling artists as they pursued acting. After doing extensive research, they sold it for a $50,000 profit.

That s when the light bulb went on they told Wood.

The fact that there s no secret doesn t mean there s nothing you can do to give yourself a leg up in the market.

In their book, Dream Home: The Property Brothers Ultimate Guide to Finding Fixing Your Perfect House, the Property Brothers say the strategies to get the most for your house start with actions as simple as keeping it clean and fixing anything that needs it. You can get an additional $20,000 or more for a house that s neat and clean, they write. Why would you leave money on the table when it costs next to nothing to clean and declutter?

Once it s clean, you ca爱上海 爱上海同城手机版n start doing your research.

[Marketplace] 

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Donald Trump

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Paydirt: The next POTUS, real estate takes Albany, 421a back, skyfall … more The industry news you need to start your week, and what’s ahead

From left: Donald Trump, the White House, Jared Kushner, the New York State Capitol in Albany and John Banks

Decision 2016: For the first time in history, a New York developer is heading to the White House. Real estate has always been at the nexus of money and power in New York City, but it’s been a bit player at best on the national stage. Some of Donald Trump’s compatriots believe now is the time to change that. 

“We’re very, very high on what’s going to happen with New York real estate right now,” said Joe Cayre of Midtown Equities . “I think he’ll get rid of all these bureaucracies that hold back business and all these laws that were put in in the last administration. I think you’re going to see this country take off.”

Cayre, along with Howard Lorber, Steve Roth, Richard LeFrak and others, were at Trump’s viewing party at the New York Hilton Midtown Tuesday night. After Hillary Clinton called to concede, Trump took the stage.

“Sorry to keep you waiting,” he said. “Complicated business, complicated business.” He then proceeded to thank his whole family and the small cadre of operatives and surrogates that helped steer him to victory. His son-in-law, Jared Kushner, did not get a shout-out.

By many accounts, however, Kus上海龙凤论坛sh1f 上海龙凤论坛hner was one of the most influential voices in the campaign, and will remain so even after Trump takes power. He advised Trump to go with an uncontroversial pick for chief of staff in selecting Reince Priebus (alt-right firebrand Steve Bannon, who was being considered for the position, will instead be chief strategist), according to the New York Times. And though anti-nepotism policies would likely prevent him from taking a formal role in the administration, having the new president’s ear could add to Kushner s influence in New York.

“When Trump has questions or wants to talk to someone who he really trusts and respects, I would imagine he’ll call Jared,” Robert Ivanhoe, Kushner’s attorney, told TRD Thursday. That added clout wouldn’t make a difference when it comes to acquiring properties what matters is the price paid but it could help improve Kushner’s already strong sta阿爱上海同城 阿拉爱上海同城nding with the banks, Ivanhoe added.

Days after Trump’s surprise victory, many questions remain unanswered. Of particular interest to the industry is the fate of the Trump Organization.

“We’ll be in New York, and we’ll take care of the business,” Eric Trump, Trump’s younger son, told the Times. “I think we’re going to have lots of fun doing it. And we’re going to make him very proud.” But that approach would clash with decades of precedent in which a president puts his or her assets into a blind trust, so as to avoid any conflicts of interest.

“In the past 200 years, we have never had a president with such egregious conflicts of interest with family business holdings” Richard Painter, a White House ethics officer[……]

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Winzone Realty

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How a mailman built Winzone, the biggest brokerage in Queens The firm has over 700 agents in the borough and closed $454M in sales there between April 2016 and March 2017

Winzone s Ben Pan (Credit: Eddie Small for The Real Deal) and Flushing, Queens

In 2001, Ben Pan split his days between working as a letter carrier for the U.S. Postal Service and working at a brokerage on the side. He spent three years working for the post office, where he would finish his mail route early, hit the books and prepare for his real estate salesperson exam.

His company Winzone Realty was born in 2002. It wasn t an immediate success, as Pan struggled to keep hold of his 10 agents, losing talent to bigger-name franchises. But he kept at it, and today, Winzone is the biggest brokerage in Queens, both by agent count and sales volume. And it plans to get even bigger.

“We just keep hiring,” Pan said. “In the last two days, I had eight new agents join.”

The firm, based out of an expansive office on Queens Boulevard featuring landscape paintings from China and a suit of armor, has been the top brokerage in Queens for the past two years, according to The Real Deal’s analysis of MLS data. In the 12-month period ending March 31, 2017, it did about $454 million in sales across 794 deals, up 24 percent year-over-year.

Those numbers put it more than $100 million ahead of its closest competitors, East Coast Realtors, which sold about $340 million in the same period, and Keller Williams Realty Landmark, which did about $333 million.

Pan credited the company’s commission structure as a key reason for being able to scale. The firm lets its agents keep 100 percent of their commissions and gives them two options for making payments to Winzone: 爱上海同城手机版 新爱上海同城对对碰论坛either a $488 transaction fee per closing sale, or a $288 fee per sale along with a $28 monthly fee.

“When I st新上海贵族宝贝论坛 上海贵族宝贝交流区arted the company, we charged like 80-20,” Pan said, “but in one year, we only had, like, 10 agents.”

The firm had grown to about 120 agents by 2013, when Pan switched to a 100 percent commission model, and its agent count has ballooned since then. About two-thirds of Winzone’s agents work full-time, while the rest generally close just one or two deals per year, according to Pan. The business is evenly split between rentals and sales, he said.

“Their fee structur上海千花网 爱上海同城对对碰e is very competitive in the market, so they built a brand,” said Peter Murdakhayev, a broker who has been with Winzone for about five years. Several other agents at the firm echoed his point.

But letting agents keep all of their commissions means that the firm, and Pan, don’t benefit from a trophy sale the same way other firms do. Whether a Winzone agent sells a $100,000 home or a $10 million one, the firm makes a maximum of $488. The second largest firm in Queens is Keller Williams Realty Landmark, where agents keep 70 percent of their commissions.

Some of Winzone’s biggest deals of the past year included a $2.5 million residential sale on 41st Avenue in Flushing,[……]

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NYC Affordability Crisis

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NYC rental market is getting worse for poorest families: report Gap between rent and wage growt上海龙凤论坛sh1f 上海龙凤论坛h greatest for low earners

Bronx Apartment buildings (Credit: David Wilson via Flickr)

New York’s rising housing costs are hitting the poorest families the hardest, according to a new StreetEasy study.

Median rents increased 3.9 percent since 2010 but median wages only rose 1.8 percent, the study notes. But for the city’s poorest 20 percent, median rents rose 4.9 percent while median wages fell 1.1 percent, meaning they are far less likely to be able to afford housing, DNAinfo reported.

“As New Yorkers — particularly the lowest 爱上海龙凤419桑拿 上海龙凤论坛sh1fearners – are forced to dedicate more of their monthly income toward ren上海夜网论坛 上海夜网t, it becomes extremely difficult to save for necessities like healthcare and education, or a down payment on a home,” StreetEasy economist Grant Long said in a statement.

Meanwhile, the city’s top earners benefited from a recent slowdown in the luxury rental market (rents rose 3 percent since 2010) while their wages also rose the most.

“For a household to be able to afford an apartment at this level without paying more than 30 percent of their income on housing, they would need to earn $151,000 a year — 58 percent more than the city’s median income for a family of four,” StreetEasy noted. [DNAinfo] Konrad Putzier

Tags: affordable housing, NYC Rental Market, Residential Real Estate
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Westhampton Beach estate goes into contract for $8.9M after years of price cuts

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A waterfront home on 4.52 acres along Moriches Bay has gone into contract under its most recent 阿拉爱上海同城 爱上海龙凤419桑拿asking price of $8.9 million, down from its original 201爱上海同城手机版 新爱上海同城对对碰论坛3 listing price of $17.5 million, according to Curbed. The property had last sold in 1999 for $2. The Mediterranean-爱上海同城对对碰 爱上海同城论坛style main home, which was built in 1908, has five ensuite bedrooms, two more bedrooms, a grand foyer of imported marble and five fireplaces. The property has 348 feet of water frontage , a 350-foot driveway, a deep-water dock, two guest houses, a tennis court, he爱上海同城论坛 爱上海同城ated gunite pool and a cabana. Brown Harris Stevens’ Daniel Sullivan is representing the estate. [Curbed]

Tags: Hampt爱上海同城 爱上海ons
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Edward J. Minskoff

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NY developer Edward Minskof新上海贵族宝贝论坛 上海贵族宝贝交流区f is the latest wealthy buyer to list his Faena House condo Minskoff is asking $16.5M for his apartment at Faena House in Miami Beach, which he bought for $15.3M in 2015 as a上海同城对对碰交友社区 上海夜网论坛 “impulse purchase”

Edward J. Minskoff listed his Faena House condo for $16.5 million (Credit: Wall Street Journal | Douglas Elliman)

New York-based real estate developer Edward J. Minskoff listed his apartment at the Faena House condominium in Miami Beach for sale with an asking price of $16.5 million, about 8 percent more than he paid in 2015.

Edward J. Minskoff

Minskoff is the latest in a series of wealthy individuals who have decided to sell units at Faena House, one of the most expensive condominiums in South Florida.

Minskoff told Mansion Global that his $15.3 million acquisition of the apartment was an “impulse purchase” that he now regrets, because he spends most of his time in New York City or Malibu, California, and spends little time in Miami. Minskoff also said he wants to sell his Faena House apartment quickly and would be content to sell it for the price he paid.

Mansion Global also reported investor Leon Black sold his Faena House condo last year for $12.5 million, which was $4 million less than he paid, and that art dealer Larry Gagosian sold a penthouse unit at Faena House in late 2017 for 上海同城对对碰交友社区 上海夜网论坛$12 million, nearly $1 million less than he paid.

Hedge fund manager Kenne爱上海同城 爱上海th Griffin bought two units at Faena House for $60 million and recently took them off the market after listing them for sale for $73 million.

Many of the wealthy owners of Faena House condos bought them as investments and decided to resell them after the Miami-area condo market soften阿拉爱上海同城 爱上海龙凤419桑拿ed, according to Peter Zawleski, principal of Condo Vultures in Miami, a real estate consulting firm.

But Oren Alexander of brokerage firm Douglas Elliman, one of the listing agents for Minskoff’s condo, told Mansion Global that Faena House is performing better than other high-end condominiums and that the market has revived as wealthy New Yorkers seeking a more favorable tax treatment shop for Miami-area condos. [Mansion Global] – Mike Seemuth

Tags: Edward J. Minskoff, Faena House, Residential Real Estate When snow is a no-show: Climate change threatens ski resorts, nearby h…Seeing green: Why some real estate players think cannabis could be the…Too many rooms at the inn? Q1 hotel occupancy falls in SoFla amid grow…The Plaza Coral Gables scores $100M construction loan
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Property Tax Deductions

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Why millionaires are fleeing NYC and New Jersey Volatile financial markets and tax changes are driving the shift

(Credit: Pixabay)

Volatile financial markets are leading high net worth individuals to leave New York and New Jersey in droves.

Last year, the region encompassing New York City, Jersey City and Newark lost more than 5,700 individual with liquid assets of $1 million to $30 million, the North Jersey Record reported. The exodus is thanks to turbulent financial markets and changes to federal and state tax laws.

“The folks that technically c爱上海同城论坛 爱上海同城an a爱上海同城论坛 爱上海同城fford to live here are also the people who have second homes. They could be in Pennsylvania. They could be in the Southwest. Very often it’s Florida,” said Debra Taylor of Taylor Financial Group in Franklin Lakes, New Jersey. “The tax situation in those states is much more attractive.”

Taylor said she has been advising many wealthy clients to establish residency in other states, as the tax law changes capped deductions for state and local taxes, including property taxes, at $10,000. That shift has increased the cost of living for many of the area’s residents. For one of her clients to remain a New Jersey resident would cost $150,000 more annually, she said.

Even middle-class New Jerseyans a上海贵族宝贝论坛 上海贵族宝贝re weighing their options. Their money goes farther in states like爱上海龙凤419桑拿 上海龙凤论坛sh1f Texas and Florida, which have lower taxes and a lower cost of living.

According to a previous report, brokers in Florida have taken note. Agents and developers brokers in Florida have been trying to lure homebuyers looking to escape high-property-tax states like New York, New Jersey and Connecticut. For example, Vladislav Doronin, who is con爱上海同城对对碰 爱上海同城论坛verting the top floors of the Crown Building in Manhattan into luxury apartments and a hotel, has been inviting tax advisers to his events around the country. He also hosted a tax reform panel at his Miami sales offices last year. [North Jersey Record] — Meenal Vamburkar

Tags: Residential Real Estate, taxes
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Polish analyst: Because have PC edition ” 2077 ” will beat ” big armed escort 2 “

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Besides it is open world game likewise, of CDPR ” Sai Bopeng is overcome 2077 ” with Rockstar ” wild big armed escort 2 ” between do not have it seems that too much the place that can be compared or competes. But in the eye in market analyst, ” Sai Bopeng is overcome 2077 ” should compare Rockstar western epic your work ” more welcome ” . Many analyst thinks, ” wild big armed escort 2 ” sale status is first-rate, and believe ” Sai Bopeng is overcome 2077 ” can better in the show that sells a field, a main reason, namely ” Sai Bopeng is overcome 2077 ” can land PC platform, and ” wild big armed escort 2 ” won’t. The message comes from polish stock market and investment website Stockwatch.pl. “Quality remains the highest and first step with absolutely CD Projekt RED, and ” Sai Bopeng is overcome 2077 ” will no less than ” wild big armed escort 2 ” . ” their predicting total sales is 525 million dollar, ” wild big armed escort 2 ” advanced sale of 3 days is 725 million dollar, of course platform of lead plane of this be confined to. “Considering this, we are right ” Sai Bopeng is overcome 2077 ” forecast it seems that very conservative – remember this game will appearing on sport plane and PC at the same time. ” analytic personage still thinks, “Sai Bopeng is overcome / science fiction type should be met than western subject matter more the reception that gets game player ” . Stockwatch classifications the stock of CDPR from ” neuter ” on tone is ” buy ” , showed what did not come to the company to expect. In sale respect, do you think ” is Sai Bopeng overcome 2077 ” can you beat ” wild big armed escort 2 ” ? [……]

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” wolf ” ” Sai Bopeng is overcome 2077 ” MOD of transhipment of through cargo this a wolf is very modern

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The tall difficulty that FromSoftware develops behavioral game ” wolf ” hind of put on sale is unusually hot, this making not only it is current 2019 on Steam first the game with hair highest sales volume, and still be in Europe of Zhou Dengding of head of put on sale, middle east, the sales volume a list of names posted up of 4 areas of Africa and Asia (contain hypostatic edition and digital edition) , beat Yo green jade ” whole area blocks 2 ” . Held in Beijing on March 26 ” wolf ” media experience is met on, peaceful of end of north of FromSoftware market manager ever explained greatly ” wolf ” the problem of transhipment of through cargo inside game. The player hopes to be able to let leading role change first quarter the dress of one man or other part. To this north end the explanation says to do not have such plan at present, because this destroyed the leading role in game,be a fixed character is mixed the person that bear this occupational set. But also do not eliminate future to have similar idea and plan really one day. Although the government does not support transhipment of through cargo temporarily, but foreign MOD great mind people had helped a player come true ahead of schedule. ChristianBliss of foreign MOD author is ” wolf ” made ” Sai Bopeng is overcome 2077 ” MOD, will wolf transhipment of through cargo is become come from 2077 ” nocturnal city ” style of the person that future is borne. Look from the graph, feeling ” Sai Bopeng is overcome 2077 ” and ” wolf ” style of these two kinds of visions is not tie-in, too give play. Also offerred new alternative for the player nevertheless, the player that have fun at can try. Download address: Nod me to download[……]

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