Mass Development has secured a $45 million senior construction loan for the ground-up development of a 72-unit condominium project at 264-272 W. 135th St., in Harlem, N.Y. Scale Lending—Slate Property Group’s financing arm—issued the floating-rate note, which is scheduled to mature in January 2029 and has two, six-month extension possibilities. Arrow Real Estate Advisors brokered
Despite the approval of the redevelopment plan for 1727 Amsterdam Avenue, many Harlem residents believe the conversation is far from over.The project, approved by New York City earlier this year, would replace the former Heritage Health Care Center with approximately 200 units of affordable and supportive housing. City officials and project sponsors have presented the
Recent headlines caused concern among homeowners, real estate professionals, and prospective buyers when reports emerged that New York lawmakers were considering a new tax on homes purchased entirely in cash for $1 million or more. The proposal generated significant attention, particularly in New York City, where cash purchases are common in the luxury real estate
New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations. The lawmakers are also considering expanding the tax to all-cash purchases over $1 million in New York, including those in the suburbs and upstate, people