Brooklyn Heights apartment building fire leaves dozens of residents displaced

Flames were seen shooting out of the third floor of a building on Pierrepont Street on Monday. The blaze forced dozens of ...

Mamdani’s First Big Move to Help Renters Is Dealt a Blow by Court

Summit Properties USA won an auction on Friday to buy more than 5,000 apartments out of bankruptcy from the Pinnacle Group ...
Crain's New York Business

Bankrupt NYC rental buildings get $451M offer from Summit

Real estate firm Summit Properties USA has struck a $451 million deal to acquire dozens of New York City apartment buildings ...
Crain's New York Business

Private equity giant adds to Brooklyn portfolio with $105M Gowanus purchase

Private equity giant the Carlyle Group and its operating partner Z+G Property Group have acquired the 13-story, 132-apartment ...

This Brand-New Condo in Brooklyn Brings a Sense of Intimacy to Apartment Living

The architect is behind 110 Boerum Place, a new boutique condo in Cobble Hill that translates the intimacy of Brooklyn ...
Commercial Observer

Wells Fargo Refis New Brooklyn Apartment Building With $250M Bridge Loan

Douglaston Development has landed a $250 million bridge loan to refinance a newly completed luxury apartment building in ...
Commercial Observer

Kupferman Family Offloads 13 Brooklyn Apartment Buildings for $45M

A long-held portfolio of 13 Brooklyn multifamily buildings, each with no more than 10 apartments, has been sold off-market by the Kupferman family to two separate buyers for $45 million, Commercial ...
Bisnow

Summit Properties Agrees To Buy 5,000 NYC Apartment Units Out Of Bankruptcy For $451M

Real estate owner and operator Summit Properties USA agreed to buy a portfolio of more than 5,000 New York City apartments ...
New York Post

NYC will see a wave of apartment buildings with exactly 99 units for 1 specific reason

They got 99 problems — with a new tax program. New York City developers have a hit a fresh snag in trying to solve the city’s housing crisis: A new tax program that costs them extra dough if they want ...