Conor H. @c_huss Twitter profile

Pinned Tweet

Conor H.

2 years

New York City's first mass-timber condo project in Park Slope: Timber House, 670 Union St. The 14-unit building, developed by Brooklyn Home Company, looks to be sold-out after launching in June with pricing in the ~$1,600 psf range

39

77

2K

Last Seen Profiles

@hangyush

@Sean_Gregan

@BandarStw

@lejdhfr

@mie77014827

@AyalaMason48798

@some42884377

@elf_audio

@d5vid_

@BinorRaja

@DanielCarlson38

@doieppuu

@Huk06

@SMUFB

@gemmagould

@jandakembangstw

@st_helly

@Rada_Delvalle

@TheCorral_NHS

@cdromarts

@Hikari672178

@avfcfern

@JaidenJuback

@burntbacon29

@hort_ro

@CarmPembs

@hu_sengkriwana

@mbadel_1100

@pluto58461745

@chloetavitian

@shady1772730

@fijateaver

@jandakembangstw

@ii_00p

@TimmyO42

@Ray_Fuentes1111

Conor H.

@c_huss

10 months

Maybe my favorite so far: 329 Vanderbilt Ave Located in prime Clinton Hill, this is a recently renovated 19th-century carriage house totaling ~ 3,000 square feet A truly one of a kind property

31

51

2K

Conor H.

@c_huss

11 months

A truly remarkable photo of JP Morgan's 270 Park Ave construction site The trades will forever be underappreciated

20

63

1K

Conor H.

@c_huss

1 year

I'm pretty jaded by rent-stabilized sales comps at this point, but the latest transaction is wild: 140 Clarkson Ave, a 59-unit in Flatbush, sells for $5.1 million, ~$70 psf & ~$90k per door Previous owner bought it for $14.4 million in 2018

44

38

426

Conor H.

@c_huss

11 months

Sunbelt multifamily syndicators are reporting the same

23

12

411

Conor H.

@c_huss

1 year

111 Charles St, a 19-unit boutique rental project in the West Village developed by Aurora & William Gottlieb, planned initially as a condo building, is fully leased Median Rents: 1/1: $7,300 2/2: $9,850 2/2.5: $14,600 3/3: $20,750 4/3.5: $43,000

31

10

351

Conor H.

@c_huss

1 year

I'm an absolute sucker for tastefully added dual-level, retractable glass wall systems in brownstones

15

12

319

Conor H.

@c_huss

1 year

Upper East Side free-market 11-unit multifamily sells for a sub-4.50% cap rate after receiving 40 offers Blood in the streets!

25

11

259

Conor H.

@c_huss

2 years

Wildflower sells two Amazon warehouses totaling 211,000 sf to CBRE for $230 million after buying them for only $23.5 million in 2019 A decent ~10x return in under three years

Wildflower Sells Brooklyn Amazon Warehouses for $230M

CBRE Investment Management has acquired two Amazon-operated warehouses in Brooklyn from Wildflower for $230 million.

commercialobserver.com

10

19

251

Conor H.

@c_huss

2 years

Downtown Brooklyn is a great example of what happens when dense zoning is paired with accretive tax benefits Four massive projects are under development within just a couple blocks of each other The result is ~2,600 apartments with 800 affordable units across 3 million+ sf

10

23

250

Conor H.

@c_huss

3 months

The best example is when Emily Ratajkowski & her then-movie producer boyfriend Sebastian Bear-McClard skipped $160K of rent across two years for a loft unit on Bleecker Street in NoHo ...And then were paid to leave the building

Conor H.

@c_huss

3 months

A cool glimpse into the opaque world of New York City's Loft Law system

4

0

59

6

4

222

Conor H.

@c_huss

1 year

Right around when Two Trees took the first step to transform Dumbo by purchasing a 2 million sf portfolio for $6 psf Amazing what a creative vision & a long timeline can result in

Northeast Urbanist 🇺🇸🇮🇹🇵🇷

@skytopjf

1 year

This photo from Brooklyn in the 70s is always insane to see

127

518

12K

8

6

215

Conor H.

@c_huss

1 year

Not sure how I missed it, but this is sick: The Sky Court at Brooklyn Tower will be on the 66th floor - the highest court in the western hemisphere

25

9

202

Conor H.

@c_huss

4 months

The retail maturation of Williamsburg

12

11

192

Conor H.

@c_huss

2 years

About the most fun way to spend your limitless fortune: Slack co-founder Stewart Butterfield & Away co-founder Jen Rubio go on a $140 million buying spree of luxury homes Includes townhouses in West Village & Tribeca, a ranch in New Mexico & houses in Aspen & Southampton

6

7

157

Conor H.

@c_huss

9 months

For a 20' x 75' infill lot, this 2022-vintage 8-unit rental building looks pretty damn sharp

7

8

148

Conor H.

@c_huss

2 years

Solow’s in the final stages of selling 9 W 57th to Shvo for an expected record price. The last asset in the iconic portfolio after agreeing to sell its multifamily holdings for $1.8B Epic run by the Solow family capped off with a portfolio sale potentially totaling $4B+

15

4

137

Conor H.

@c_huss

1 year

Verdevelopment's first NYC condo project: Lexè Passive House at 669 St Mark's Ave, Crown Heights Dig the original approach of creating a side courtyard on a boutique condo project, allowing for a dignified entryway & far more light & air than usual It's already 50% sold out

9

5

132

Conor H.

@c_huss

1 year

Most expensive tenant buyout in New York City history? Zeckendorfs paid $17 million to the last remaining tenant at 15 CPW

14

4

132

Conor H.

@c_huss

1 year

The amount of construction going on within just a few blocks of my apartment is something else: 589 Fulton - Witkoff/Apollo: 52-stories, 592 units 15 Hanover - Lonicera: 34-stories, 314 units 100 Flatbush - Alloy: 44-stories, 441 units 625

18

5

126

Conor H.

@c_huss

1 year

United American Land's 277 Canal Street project plans to kick off the Soho/Noho rezoning, released its first renderings The renovation will add ten stories to the existing three-story building, totaling 100 rentals & a retail component Big test for the controversial upzoning

13

3

127

Conor H.

@c_huss

2 years

New York City welcomed its latest trophy asset along Park Ave yesterday - 425 Park Ave The building is anchored by Citadel who paid over $300/sf in '16 & opened at 85% occupancy

10

4

122

Conor H.

@c_huss

10 months

And there it is: 788 Riverside Drive sells for $10.2 million, $126 psf Despite being a 62-unit 80,000 sf elevator building facing the Hudson River, sadly, it's actually a decent price for the seller, all things considered

Conor H.

@c_huss

1 year

The conundrum facing NYC's stabilized market: Coveted buildings like 788 RIverside sell for ~$130 psf, below land value, but also will probably be breakeven on a cashflow basis Few investors are interested in a binary legislative bet with brain damage

6

10

92

14

10

122

Conor H.

@c_huss

2 years

One Wall Street's glass-enclosed swimming pool on the 38th floor is pretty damn epic

6

118

Conor H.

@c_huss

10 months

Greenpoint is probably the biggest winner across NYC from the shift to remote work: - The Huron is raising prices to meet demand, $2,100 psf sell-outs - 60+ F&B locations have opened in the past 2 years - Last year, developers filed 230 condo plans, more than any other

11

6

118

Conor H.

@c_huss

3 months

Wow... 374 Eastern Parkway sells for $4.85 million, $120 psf A 38-unit elevator building steps away from Prospect Park

23

5

116

Conor H.

@c_huss

1 year

Broker: If I had the money, I'd buy this deal myself Me:

11

1

112

Conor H.

@c_huss

2 years

Ever wonder what's going on with the massive stretch of vacant land between E 35th - E 41st right off the FDR? The Solow family has owned the 9-acre stretch since '00 & has left it completely vacant Now they have an ambitious plan after almost three decades: NYC's first casino

8

0

109

Conor H.

@c_huss

9 months

In 1993, Warren Buffett, Larry Silverstein, & Fred Rose purchased 'University Walk' through a foreclosure auction for $20.2 million, a 74k sf Greenwich Village retail property steps away from NYU The redevelopment plan consisted of modernizing the facade to create a simplistic

Matt Allen

@investmattallen

9 months

Warren Buffett talks about investing in real estate:

14

209

1K

2

5

109

Conor H.

@c_huss

2 years

Zero Irving (Union Sq) is nearing 100% occupancy despite completing construction only earlier this year Tenants include Sequoia & Alpine Investors, with rents ranging from $100-$175/sf Well-located, new construction office with manageable floorplates is getting absorbed quickly

6

4

108

Conor H.

@c_huss

2 years

Pincus reports Carlyle has purchased 136 buildings in Brooklyn for ~$750 million over the past 24 months Averaging more than one closing a week at an average of ~$6 million per deal for two years is mind-blowing velocity at the sub-institutional level

7

4

106

Conor H.

@c_huss

1 year

"I have my own place in the West Village. It's really quaint. I love it!"

3

1

102

Conor H.

@c_huss

1 year

An encapsulation of the current commoditized rent-stabilized sales market: 4300 Broadway, Washington Heights 2016: Acquired for $21.6 million 2019: Signature provided a $16 million loan 2023: Sold for $12 million

9

13

101

Conor H.

@c_huss

5 months

The transformation of 567 Union Avenue, Lilia:

6

5

99

Conor H.

@c_huss

2 years

Hard to articulate the impact Carlyle has had on middle-market multifamily investment landscape across BK The map illustrates many of their acquisitions dating back to 10/21, equaling 77 bldgs for ~$300M (& missing many deals) They've acquired 11 bldgs for $40M this month alone

15

9

95

Conor H.

@c_huss

11 months

Broker: your offer is 40% off the asking price Me:

2

5

100

Conor H.

@c_huss

9 months

53 Prospect Park West: Sells for $13.5 million, setting a record price for a townhouse in Park Slope Fun Facts - Sold for $2,400/sf despite needing a gut-renovation - Overlooks Prospect Park - Largest private garden in Brooklyn at 9,800 sf - Corner 100' x 100' lot with 33,000 sf

11

0

99

Conor H.

@c_huss

2 years

Found the latest record low rent-controlled rent: A one-bedroom on MacDougal Street for $65 per month Simply amazing

9

1

98

Conor H.

@c_huss

11 months

Cool glimpse into Sequoia's first NYC office at Zero Irving

Sonya Huang 🐥

@sonyatweetybird

11 months

Hello world! @sequoia NYC 💙

63

53

2K

11

1

93

Conor H.

@c_huss

2 years

The top contenders for a New York City casino license: Related/Wynn - Hudson Yards SL Green/Caesars - Times Square Point72/Sands - Flushing Soloviev Group - Midtown East Thor/Saratoga Casino Holdings - Coney Island Times Square is the obvious answer

13

1

92

Conor H.

@c_huss

1 year

The conundrum facing NYC's stabilized market: Coveted buildings like 788 RIverside sell for ~$130 psf, below land value, but also will probably be breakeven on a cashflow basis Few investors are interested in a binary legislative bet with brain damage

788 Riverside seen as bellwether for rent-stabilized buildings

Since the 2019 rent law capped the profit potential of stabilized buildings, sales of the once-dependable asset have slowed to a trickle. The dearth of deals has made it tricky for investors to gauge...

therealdeal.com

6

10

92

Conor H.

@c_huss

5 months

Final Price: $7 million, $2,300 psf Massive number for New York City's very first mass timber home

Conor H.

@c_huss

10 months

Maybe my favorite so far: 329 Vanderbilt Ave Located in prime Clinton Hill, this is a recently renovated 19th-century carriage house totaling ~ 3,000 square feet A truly one of a kind property

31

51

2K

6

3

91

Conor H.

@c_huss

1 year

One Boerum Place, planned initially as a condominium project, now arguably Brooklyn's most luxurious rental building, is achieving massive rents across the board: 1/1: ~$5,000 2/2: ~$7,250 3/2: ~$10,000 4/3: ~$15,500 4/4.5: ~$30,000

8

3

91

Conor H.

@c_huss

9 months

VICI Properties ($VICI) pays $343 million for the leasehold interest in Chelsea Piers through a sale-leaseback transaction - roughly $440 psf The initial triple-net term is 32 years with a 10-year extension option

4

0

88

Conor H.

@c_huss

8 months

New heights in the Brooklyn rental market: One South First is beginning to rent 1/1s for ~$7,000+ on the upper floors

12

4

86

Conor H.

@c_huss

3 months

Naftali's Williamsburg Wharf project renderings are pretty... pretty... pretty good

3

2

88

Conor H.

@c_huss

10 months

Purchased in 2018 for $2.95 million, it's now on the market for $7.5 million The newly added principal suite is unlike anything I've encountered before, really digging the window design

9

3

87

Conor H.

@c_huss

2 years

Fun fact from Trepp: Roughly 15% of San Francisco’s CMBS loans sit below a 1.00x DSCR

4

11

84

Conor H.

@c_huss

1 year

My favorite in-flight assemblage: 50-64 Third Ave, East Village Since 2018, Kinsmen has been putting together an entire city block on Third Ave, between 10th/11th St They've acquired six buildings for ~$67 million, or $670 per zfa They filed to demolish the buildings last week

9

0

87

Conor H.

@c_huss

1 year

Yesterday marks the 20th anniversary of Harry Macklowe acquiring The GM Building This monumental deal put him on the map as one of the most prominent players in New York City commercial real estate Some fun facts:

2

4

87

Conor H.

@c_huss

1 year

360 Bowery, former location of B Bar (RIP), tops out on its way to delivering a 22-story office building spanning 112,000 SF Small floor plates ranging from 4,000 to 10,000 SF should help the lease-up. Curious to see how it goes for an otherwise very prime residential corridor

15

1

86

Conor H.

@c_huss

4 months

Nearing its sixth anniversary from its first lease signing with Kith, 25 Kent is still over 50% vacant Apollo loaned Rubenstein $178mm in March 2022

Conor H.

@c_huss

1 year

Have to wonder when the other shoe drops for 25 Kent Ave. Coming up on its four-year anniversary, the building still sits 65% vacant Rubenstein is apparently offering 50% discounts with flexible terms: $30 psf for three-year leases. Rents can increase depending on employee usage

17

1

82

8

2

85

Conor H.

@c_huss

1 year

Back in 2012, I joined my father, a union electrician, on a weekend side job. The only information given ahead of time was an address for a townhouse on Morton Street in the West Village Having zero context, we approached the stunning brownstone, where there was a used condom

Joey

@gothamhiphop

1 year

What’s your favorite interaction you’ve had with a celebrity?

5K

961

22K

7

0

83

Conor H.

@c_huss

2 years

Looking more & more likely there will be a singular casino awarded to Manhattan, but to who/where? Related is angling for Hudson Yards while SL Green/Vornado are targeting Times Square This battle will inevitably lead to a legendary real estate book - let the games begin

8

3

82

Conor H.

@c_huss

1 year

Have to wonder when the other shoe drops for 25 Kent Ave. Coming up on its four-year anniversary, the building still sits 65% vacant Rubenstein is apparently offering 50% discounts with flexible terms: $30 psf for three-year leases. Rents can increase depending on employee usage

17

1

82

Conor H.

@c_huss

1 year

Just moved offices across the street from Disney's new 1.2 million square foot, full city block Manhattan HQ Haven't been following this project at all, but man, the green terracotta façade is badass

12

1

80

Conor H.

@c_huss

7 months

Instagram vs. Reality

evgrieve

@evgrieve

7 months

Workers have removed the scaffolding & sidewalk obstructions at 180 2nd Ave. in the East Village, where this mixed-used bldg has been getting a makeover/extension for nearly 7 years. The bike lane is clear for the 1st time since late 2017. Also: the bldg has a $12.5 million ask.

12

2

86

15

2

80

Conor H.

@c_huss

3 months

Two Trees has publicly launched Williamsburg's first waterfront condo project in 15 years: 1 Domino Square Six units have come to market, averaging $2,000 psf, with the upper stack blending to $2,250 psf, comparable to OlympiaDumbo A big step in Northern BK's growth story

7

3

80

Conor H.

@c_huss

3 months

A fun reminder the Zeckendorf's once paid a tenant $17 million to vacate their 350 sf studio apartment The buyout allowed the brothers to develop arguably the most successful NYC condo project ever at 15 Central Park West

Chris Powers

@fortworthchris

3 months

Tomorrow’s guest, Dov Hertz, is considered by many to be the greatest land assembler in New York City history. He’s negotiated 100’s of deals that have turned into some of the most significant developments in the NYC skyline. In this clip, Dov tells us the most important thing

12

14

218

7

6

80

Conor H.

@c_huss

1 year

Not a fan of underwhelming basement gyms in multifamily buildings Better off monetizing the space as storage or actually investing the right amount to make it a true amenity These unimaginative tweeners gyms give off a very cheap feel, detracting from the overall value

5

1

78

Conor H.

@c_huss

1 year

470 Broadway / Thor: 2007: Acquired for $15.5mm 2012: Receives a $20.5mm CMBS loan 2022: Gives keys back via deed-in-lieu to LNR 2023: Buys property back for $8.1mm Probably not the last time we're going to see something like this

5

9

78

Conor H.

@c_huss

1 year

Signature Bank's commercial real estate loans are 46% rent-stabilized (lighter green dots) & just 11% office The only lender with more rent regulation exposure - 40% greater - is New York Community Bank Values of those buildings have decreased between 20-65% since early 2019

6

8

77

Conor H.

@c_huss

1 year

Billy, this is a rent-stabilized building. The current asking price is far below the residual land value, and its design aesthetic & unit sizes could never be replicated today Its only defect is it will negatively cash flow for the foreseeable future

4

2

76

Conor H.

@c_huss

1 year

Signature Bank was the top New York City commercial real estate lender in terms of total loan volume & third in dollar volume since 2020 As if the lending environment wasn't already difficult enough...

3

10

75

Conor H.

@c_huss

1 year

Carlyle acquires a five-family in East Williamsburg for $5.4 million ($1,200 psf)

10

2

75

Conor H.

@c_huss

9 months

This is double the size of most Manhattan studios & actually a really good deal at $62 psf lol

The Wealth Dad

@thewealthdad

9 months

Was chatting with a coworker who is starting a new job in NYC in a few weeks. Told me their rent (Manhattan) for 800 sqft studio is gonna be $4,100. God bless you NYC folks.

47

3

122

9

0

73

Conor H.

@c_huss

2 years

Interesting interview w the head a very active NYC debt fund- "I have not seen any developer who started a project after '16 doing well. Very few, if any, are making any money. The winners who are breaking even are getting back 50-75 cents on the dollar"

7

1

72

Conor H.

@c_huss

11 months

North Park has a fun deal history: 2014: Gaw Capital pays $170 million, $580 psf 2018: Blackstone pays $245 million, $830 psf 2023: Gaw Capital pays $82 million, $280 psf

Triple Net Investor

@TripleNetInvest

11 months

Blackstone is selling a building in San Francisco for $82 million They bought the property for $245 million just 5 years ago in 2018! Buying SF real estate within the next year or two just might be the best opportunity within any asset class Who here is going to take

118

101

718

3

5

71

Conor H.

@c_huss

1 year

"How much equity is left in that office investment?"

4

2

65

Conor H.

@c_huss

10 months

When all else fails

5

4

64

Conor H.

@c_huss

3 months

A look into Aby Rosen's soon-to-be vacant 281 Park Avenue South building which recently hit the market Previously asked $3,000 psf in 2022

5

1

66

Conor H.

@c_huss

2 months

Two of the largest NYC contrarian office investors - Namdar & Empire Capital - are set to give the keys back on 345 Seventh Ave after only three years of ownership An entry basis of ~$500 psf & $78 million in floating-rate debt was an uphill battle

Namdar and Empire Capital in Talks to Hand Back Keys at 345 Seventh

The joint venture’s plan to renovate the 25-story property and lure more tenants failed and it’s currently facing default on its loan.

commercialobserver.com

5

6

67

Conor H.

@c_huss

1 year

The brownstone market in prime Brooklyn continues to defy logic The latest example is 547 3rd St, going under contract in less than two weeks & trading for over $1,000 psf while still needing significant capex investment

11

4

65

Conor H.

@c_huss

6 months

There is literally only one apartment available in Downtown Manhattan for under $2,000 per month It's a 100 square foot studio in the Lower East Side

Zach Molzer

@KCmolzer

7 months

Looking at moving to an apartment in June (currently live with a buddy at a house). Average 1 bed 1 bath rent for the 4 complex’s I want to live at is around $1,700/ month. Yeeeesssh

9

0

17

2

7

64

Conor H.

@c_huss

7 months

I was just pitched a 50s vintage multifamily deal, only to look up the details and see it was built in the…1850s

11

2

65

Conor H.

@c_huss

2 years

Brooklyn Home Company converted an 8-family into a SFH right off Prospect Park in Park Slope & sold it for $10.875 million One of the highest prices ever achieved for a single-family home in Brooklyn

4

1

63

Conor H.

@c_huss

2 years

182-188 Duffield St in Downtown Brooklyn sells for $10 million or $100 per buildable sf Sitting on a 100' x 100' lot, this traded for roughly a 60%+ discount to market

12

1

64

Conor H.

@c_huss

10 months

@RecoveringBank2 So much swagger in one picture

5

0

65

Conor H.

@c_huss

1 year

3

4

64

Conor H.

@c_huss

2 years

Big bets are being made on this exact premise in New York City right now Whether it’s vacant 175 Water St for $400 psf or negatively levered fully-stabilized, elevator buildings for $200 psf, there will be fortunes made & lost in the next half decade

6

0

63

Conor H.

@c_huss

3 years

@Keith_Wasserman 3% acquisition fees + 3% equity raise fees

4

0

62

Conor H.

@c_huss

1 year

West Wharf, Brooklyn's latest premier waterfront multifamily property, launches its lease-up The initial unit is a 1BR/1BA asking $6,000, or $103 psf If they're able to achieve this rent level at scale, I believe this would set a new high-water mark for the borough

13

2

63

Conor H.

@c_huss

2 years

One High Line, formerly known as The XI: HFZ lost it thru foreclosure to Witkoff after buying it for $870 million - $1,100 psf - one of the priciest land deals ever Sales have commenced: Out of ~236 units, 10 are closed & 35 are on-market averaging $3,700 & $3,400 psf

5

1

63

Conor H.

@c_huss

2 years

I was pitched a value-add, class C Garment District office building in Manhattan & the broker accidentally said, "this is the perfect time to catch a falling knife" By far the best Freudian slip in my career

5

0

60

Conor H.

@c_huss

9 months

In contract after only a month of marketing Asking price was $7.5 million, $2,500 psf

Conor H.

@c_huss

10 months

Maybe my favorite so far: 329 Vanderbilt Ave Located in prime Clinton Hill, this is a recently renovated 19th-century carriage house totaling ~ 3,000 square feet A truly one of a kind property

31

51

2K

8

1

62

Conor H.

@c_huss

1 year

Prime Park Slope's typical landmarked narrow lot produces charming curb appeal but limits end-product differentiation 123 Sixth Ave circumvented this by combining two 20' x 45' buildings, allowing special floor-through units The four-unit boutique condo site is 100% sold only a

6

3

61

Conor H.

@c_huss

4 months

One South First in Williamsburg is likely to become the gold standard for rental buildings in Brooklyn According to JLL, units are renting at $105 psf with an average unit size exceeding 750 sf

9

1

61

Conor H.

@c_huss

3 months

A cool glimpse into the opaque world of New York City's Loft Law system

4

0

59

Conor H.

@c_huss

11 months

Tough update for the legend at 1 Wall Street: - Inventory loan brings cost to ~$2.6 bn, suggesting massive potential losses - 479/566 units remain unsold, with many having less desirable layouts - Compass expected to depart project soon - 125 Greenwich's supply incoming

11

6

60

Conor H.

@c_huss

3 months

The NYC dispensary craze is coming to a close... It looks like ~3,000 illegal stores will be left vacant by tenants who were happily paying upwards of 50% above market

NYC Retail Market Wakes Up in a Daze After Smoke Shop Day of Reckoning

Asking rent is $125 per square foot at 738 Broadway, 20 percent less than what Roll Up Nation paid to occupy the storefront.

commercialobserver.com

4

11

60

Conor H.

@c_huss

1 year

New York City: It's time to return to the office Also New York City: You're going to pay an additional ~$23 to commute to your office

N.Y. Congestion Pricing Plan Moves a Step Closer to Reality (Published 2023)

The Federal Highway Administration said on Friday that the toll program, which would charge drivers entering Manhattan, could advance to its next steps before final approval.

www.nytimes.com

17

6

58

Conor H.

@c_huss

2 years

In NYC, stabilized buildings are by far the most interesting multifamily storyline in '23 Prior to '19, they were often bought at ~4% caps w lofty buyout assumptions They're currently selling for 6%+ caps w a portion of buyouts executed, LL97 fears & out of control opex bills

5

3

56

Conor H.

@c_huss

9 months

When a 3% cap rate deal hits your inbox

5

2

55

Conor H.

@c_huss

2 years

The compounding benefits of a tax-protected status in New York City: Two identical 4-story, 30' x 80' adjacent buildings in Brooklyn each totaling ~8,000 sf Building A, 8 units: $20,000 tax bill Building B, 11 units: $100,000 tax bill

3

4

54

Conor H.

@c_huss

1 year

All the non-stop storylines around Aaron Rodgers joining the New York Jets reminds me how insanely cool it would’ve been to experience an NFL game on the island of Manhattan RIP West Side Stadium

10

1

53

Conor H.

@c_huss

1 year

Garment District office owner & their lender

2

51

Conor H.

@c_huss

11 months

Slate Property Group & Avenue Realty Capital's rare 7-story boutique condo conversion project at 118 W 13th St, between 6th/7th Ave, in The Village begins construction Purchased for $22.85 million - $670 psf - in 2021, the 34,000 sf pre-war building is delivering 8 units

13

3

52

Conor H.

@c_huss

1 year

The internet is going to break when Adam Neumann buys WeWork for pennies

Bloomberg

@business

1 year

JUST IN: WeWork said there’s “substantial doubt” about its ability to continue operating, citing sustained losses and canceled memberships to its office spaces

58

198

385

2

3

51

Conor H.

@c_huss

13 days

Probably the best Brooklyn multifamily basis play I've seen recently — 75 Pierrepoint St, a 37-unit building in prime Brooklyn Heights, sells for $6.8 million, $260/sf This land trades for around $500/sf

5

1

52

Conor H.

@c_huss

1 year

432 Park's Waterfall Structure: "Macklowe was entitled to 20% of the profits once CIM got its initial investment back plus a 15% return. After CIM hit a 20% return, Macklowe’s compensation would jump to 50% of the profits"

Fracas at 432: Macklowe, CIM quarrel at Billionaires’ Row tower

New York real estate hath no fury like a partner scorned. Harry Macklowe and his 432 Park Avenue co-developer, CIM Group, are locked in a partners’ quarrel over the Billionaires’ Row condo tower —...

therealdeal.com

3

51