Category Archives: Real Estate Trends

After shuttering last year and a brief stint as a light installation, Macy’s former Downtown Brooklyn flagship will become a massive five-floor “experiential destination.” United American Land on Monday unveiled plans for BKX, a 440,000-square-foot retail hub at 422 Fulton Street. The project, the largest block of retail space available in New York City, could […]

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Extell Development last week secured a zoning bonus from the city required for the firm’s proposed 1,130-foot-tall tower at the site of Midtown’s former Wellington Hotel. The City Planning Commission last week granted the project at 871 7th Avenue a nearly 120,000-square-foot density bonus; in exchange, Extell will upgrade the nearby 50th Street subway station […]

The post Extell secures density bonus for 71-story mixed-use project at Wellington Hotel site first appeared on 6sqft.

After nearly four years on the market, Ivana Trump’s opulent Lenox Hill townhouse has finally sold, fetching much less than its original $26.5 million listing price. The five-story home at 10 East 64th Street sold for $14 million, according to property records and first reported by the Wall Street Journal, down from its initial 2022 […]

The post Ivana Trump’s Lenox Hill townhouse sells for $14M, nearly half its original asking price first appeared on 6sqft.

Bally’s Corporation has officially purchased the Bronx parkland where it will build one of three new casinos downstate after the company secured a gaming license in December. As first reported by the Commercial Observer, the company last week purchased the 16-acre parcel at 450 Hutchinson Parkway in Throggs Neck—formerly leased to Donald Trump—from the city […]

The post Bally’s buys Bronx casino site from NYC for $157M first appeared on 6sqft.

RXR Realty secured a $420 million construction loan last week for an office-to-residential conversion that will transform a century-old Financial District office tower into 796 new homes. Affiliates of Apollo Global Management provided the financing to convert the 32-story 61 Broadway, with construction expected to begin later this month and the first residents projected to […]

The post FiDi office tower to become 796-unit residential building first appeared on 6sqft.

While January is normally the best time to find deals on apartments, New Yorkers continued to face record-high rents in the first month of 2026. In January, the Manhattan median rent hit $4,695/month, according to the monthly rental report prepared by Miller Samuel for Douglas Elliman. While the price is down slightly from December, which […]

The post Manhattan rents hit another high, median price near $4.7K/month first appeared on 6sqft.

Denzel Washington’s fictional home in the 2025 movie “Highest 2 Lowest” has found a real-life buyer. A full-floor penthouse at Olympia, a sail-like condominium at 30 Front Street in Dumbo, entered contract this week. Last asking $17,500,000, the home’s incredible views of the Manhattan skyline are on full display in the Spike Lee thriller, which […]

The post $17.5M Dumbo penthouse seen in Denzel Washington’s ‘Highest 2 Lowest’ movie finds a buyer first appeared on 6sqft.

Vornado Realty Trust’s Penn District in Midtown East will grow further as the firm teams up with another major real estate company to create a new retail corridor along Seventh Avenue between 33rd and 34th Streets. On Monday, Vornado announced that Newmark has been named the exclusive leasing agent for the next stage of the […]

The post Vornado and Newmark to expand Penn District with more retail first appeared on 6sqft.

Vornado Realty Trust’s Penn District in Midtown East will grow further as the firm teams up with another major real estate company to create a new retail corridor along Seventh Avenue between 33rd and 34th Streets. On Monday, Vornado announced that Newmark has been named the exclusive leasing agent for the next stage of the […]

The post Vornado and Newmark to expand Penn District with more retail first appeared on 6sqft.

Extell Development’s Manhattan expansion continues as the firm moves to acquire a prime Midtown site and air rights from an adjacent synagogue. On Sunday, Gary Barnett’s firm entered a contract to purchase 405–415 Park Avenue and air rights from Central Synagogue, as first reported by The Real Deal. The company is also reportedly negotiating to […]

The post Extell to purchase Park Ave development site first appeared on 6sqft.