Apartment sales in New York City fell 40% by dollar value in 2019 compared to the year prior, according to a report by Ariel Property Advisors. There were 290 multifamily transactions in 2019, the first time the metric fell below 300 since 2010. The drop comes after a new law […]
Adam Neumann stepped down as WeWork’s CEO on Tuesday, citing public scrutiny after The We Company filed for an initial public offering. But despite Neumann’s antics as CEO and decision to step down, WeWork still has some serious problems with its business. WeWork’s rapid expansion and business issues mean the […]
A Soho apartment once owned by Kanye West hit the market for $US4.7 million in September, a representative of luxury broker CORE Real Estate told Business Insider. In October, the apartment chopped $US400,000 off its asking price. The one-bedroom apartment features a home automation system, custom lighting and sound systems, […]
David Koch was one of the richest men in the world. He owned a handful of properties in New York including a $US40.25 million townhouse he reportedly paid for in cash. On August 23, 2019, he died at age 79. Visit Business Insider’s homepage for more stories. David Koch was […]
Jeffrey Epstein, the financier, has been accused of sex trafficking minors by federal prosecutors, according to an indictment unsealed Monday. He is expected to appear in court later on Monday. The indictment, along with laying out forthcoming charges of child sex trafficking, indicates that prosecutors are seeking the forfeiture of […]
New York City has a reputation for being one of the most expensive cities in the world. New York City’s high cost of living is due to its booming economy and large job market across a variety of industries. Rents in the city are reaching historic rates and 1.5 million […]
Los Angeles has too many megamansions and not enough buyers, reported Katherine Clarke for The Wall Street Journal. Real-estate agents and developers are turning to themed parties, gimmicky amenities, and $US100 million price cuts to get the megamansions off the market. From LA to NYC, gimmicks and price cuts are […]
New York City has some of the country’s highest-paying jobs. Nearly 30% of New Yorkers make six-figure salaries. But a high income doesn’t render you impervious to the city’s high taxes and infamously high cost of living. From tiny, 260-square-foot apartments to above-average-priced milk, here’s what living in New York […]
There’s a 19th century Victorian estate in Albion, New York, listed for sale with a $US500,000 price tag. It’s been painstakingly restored over the last 11 years to it’s original grandeur. The listing comes with a rather unique feature: the owner says the home is haunted by the ghost of […]
“Versailles in Manhattan,” an Upper East Side townhouse, has been on and off the New York real-estate market since 2003. Its highest asking price was $US35 million in 2007, but now in the hands of residential brokers for the 13th time, it’s listed for $US17.5 million, Jennifer Gould of the […]
Jennifer Lopez listed her 6,540...
Madison Square Park Tower is changing...