Edition: U.S. / Global

Friday, March 6, 2015

Real Estate

  • For Sale
  • For Rent
Big Ticket

Views at One57 for $29,329,100

A three-bedroom three-and-a-half-bath apartment on the 65th floor of One57 was the sale of the week.

Mortgages

Millennials on the Homeownership Path

While college debt continues to dog this generation, several indicators suggest a widening path to homeownership in the next few years.

Living In

Sutton Place, Cozy Enclave by the East River

The affluent neighborhood, which runs from 53rd to 59th Streets between First Avenue and the water, has many longtime residents, but it is also attracting younger people.

De Blasio and Developer Are Close, but Not on Lower-Cost Housing

Rob Speyer’s company is rushing to qualify for a tax break on a big residential complex in Queens without a key part of Mayor Bill de Blasio’s agenda: affordable units.

Equity Firms Are Lending to Landlords, Signaling a Shift

Three large private equity firms are lending to small and midsize investors who are buying single-family homes.

What I Love

Where Matchy-Matchy Meets Its Match

The look of Lori Goldstein’s home is the same as that of her clothing line: Everything goes.

Restoring Historic Lobbies in Luxury Buildings

Grand old prewar lobbies are being rejuvenated by developers as selling points for former commercial buildings converted to high-end apartments.

Ask Real Estate

A Powdery Nuisance on the Terrace

This week’s topics: snow removal from terraces; the responsibility for windows in co-ops; and building permit rules for rent-stabilized buildings.

Co-op Maintenance Reduced to Almost Nothing

Co-ops with prime commercial space are taking advantage of high retail rents and an easing of co-op tax laws to trim maintenance bills.

The Appraisal

In Eviction From Diamond District, Losing Much More Than Home

About 4,000 pieces of Alexander Ney’s art must be removed from a Manhattan apartment by March 19, lest they appear not in galleries, but in the trash.

The Hunt

A Foothold in the City

Michael Yormark wanted to buy an apartment rather than spend money on rent.

Living In

Glen Rock, N.J.: Walkable, With Diverse Housing

The Bergen County borough has diverse housing stock, high-ranking schools and access to two train lines that connect to New York City.

Mortgages

One-Stop Borrowing on the Web

Consumer demand for a streamlined mortgage process is driving investment in online lending startups trying to deliver loans more quickly, efficiently and reliably.

Big Ticket

West Village Townhouse for $17 Million

A 25-foot-wide, bow-fronted townhouse in the West Village, which served as the setting for movies, was the sale of the week.

Morgan Stanley in $2.6 Billion Settlement Over Crisis in Mortgages

The deal is expected to be one of the last major steps in the Justice Department’s push to make banks pay for their role in the subprime crisis.

New York Rents Outpaced Inflation Over 3 Years, Census Data Say

A report from the Census Bureau shows that lower-income tenants continue to be caught in a housing squeeze that shows no signs of abating.

Home Shrunken Home

Hold your stomach in! Mini-apartments may be one way to solve New York’s housing shortage.

In Brooklyn, First Comes Gentrification, Then Comes a Food Co-op

The Windsor Terrace Food Coop is expected to open on March 21 in Brooklyn, which has become a hotbed of small co-ops in the last few years.

What I Love

A Legacy in Paint and Wire

The dancer, actor and choreographer Carmen de Lavallade lives on the Upper West Side surrounded by artwork by her late husband, Geoffrey Holder.

Ask Real Estate

When Smoke Gets in Your Closet

A wall shared with a neighbor leads to a smoke-filled closet; a rent-stabilized tenant worries about the landlord selling; and a co-op board withholds copies of meeting minutes.

Midtown Condo, Brooklyn ‘Lab’

To help work out any kinks, the developer of a luxury residential tower in Midtown creates a full-scale mock-up of one of its apartments in a Brooklyn warehouse.

Exclusive

Glass Amid the Limestone

A 10-room penthouse on the 14th and 15th floors of 1045 Fifth Avenue is poised to enter the market for the first time ever.

The Hunt

A House in Brooklyn, Mint Condition Not Required

Diana Vaynshenker and Avner Rubinstein hoped to buy a two-family house in Brooklyn.

In Mecca of Modernism, a New Pack of Devotees

Palm Springs has been marketing itself as a destination for fans of its slightly idealized past, playing up its modernist architecture and celebrity lifestyle.

Henry T. Segerstrom, California Developer and Arts Patron, Dies at 91

Mr. Segerstrom turned his family’s lima bean farm into Orange County’s cultural and commercial downtown.

iPhone App

The New York Times Real Estate App

A recently overhauled free app that now allows users to read new stories every day and search for homes at the same time.

Great Homes and Destinations
What You Get
$1,250,000 Homes in Hawaii, Oklahoma and Maryland

This weeks properties include a pair of Hawaiian cottages, a modern house in Oklahoma, and an historic home in Maryland.

International Real Estate
House Hunting in ...Anguilla

The housing market in Anguilla was hit hard by the global real estate crisis of 2008, but the market is slowly coming back.

On Location
Where Howard Hughes Was Underfoot

The 9,000-square-foot house was an impulse buy with a pool room and a past.

On the Market
On the Market in New York City

This week’s properties include co-ops in the Sutton area, Greenwich Village, Ditmas Park, and a house in Riverdale.

On the Market
On the Market in the New York Region

This week’s featured property is a 1920 Victorian two-family in Greenwich, Conn.

Graphics
Home Sales Around the New York Region

Information on sales in New York, New Jersey and Connecticut.

Calculator
The Upshot
Is It Better to Rent or Buy?

The choice between buying a home and renting one is among the biggest financial decisions that many adults make.

Manhattan Market Data

Data provided by Miller Samuel, Inc. Real Estate Appraisers & Consultants
4th Quarter, 2014 by Zip

Parse the market by price and size.

  • Read "Matrix," a blog by Jonathan Miller
Commercial Real Estate

Hotel Market Staggers in New York City

After years of growth, the city underperformed almost every other top market in January, but analysts are wary of declaring the start of a troubling trend.

The 30-Minute Interview

A Conversation With Winston C. Fisher

Mr. Fisher is a partner of Fisher Brothers, a family real estate company, with around 1.5 million square feet of space under development, largely in Manhattan and Washington.

Recent Commercial Transactions

Notable properties that have been recently listed for sale, sold or leased.

Design Notebook

When Profits Can Become Sawdust

Robert Rausch for The New York Times

Scott McGlasson uses organic materials to build heirloom furniture pieces. But is his method sustainable?

The Wassaic Project: A Festival, a ‘Beautiful’ Flood and Now Art

An artists’ community evolves in upstate New York.

Shopping With Antonino Buzzetta

Stylish Bedside Clocks

Now that smartphones have replaced the utilitarian alarm clock, the timepiece next to your pillow can simply be attractive.

Market Ready

Should I Remove Sports Memorabilia Before Showing My Home?

It may seem disloyal to your team, but most buyers would prefer seeing a clean, uncluttered, neutral space.

Q&A;

The Story That Came From a Dog

The ceramist Rae Dunn wanted to write a children’s book, but in the end, the story came from Wilma, her dog.

Shows

Not a Banister Was Changed

A show at the New York School of Interior Design is dedicated to the city’s landmarked interior spaces.

Vacation Rentals

Search over 80,000 vacation rental listings, from New York City to the Caribbean to Europe.