Niobrara Capital Ditches Park Avenue For 10-Year Baccarat Tower Deal
Niobrara Capital signed a 10-year lease at Manhattan’s Baccarat Building and will relocate from 345 Park Ave as Marx’s luxury rebrand continues to attract finance tenants.
Eldridge Street Building Rockets From $16.5 Million To $24 Million In Fast Flip
A Japanese firm paid $24M for 245 Eldridge Street, a six‑story Lower East Side building, after a December purchase for about $16.5M. The deed was recorded June 26.
Adam Driver Ditches Brooklyn Heights Loft For Bigger Standish Spread
Adam Driver listed his combined Brooklyn Heights loft for just under $5M as he closed on three Standish units for about $11.5M, per listings and records. The move shifts him into a larger, celebrity‑studded condo.
Coney Island’s Final Affordable High-Rise Crashes the Surf Avenue Skyline
The last of three Surf Avenue affordable buildings topped out on June 23, putting 420 new rental homes on the map. The milestone completes the master plan that will deliver more than 1,200 affordable units to Coney Island.
Vinegar Hill Mega Complex With 1,500 Rentals Marches Into City Review
A four‑building plan at 240 Nassau is heading into ULURP in July, proposing about 1,500 apartments, a new K‑8 school and major community and cultural space in Vinegar Hill.
NYC Watchdog Cheers Push To Swap MTA Garage For 1,000 Homes And A Park
Mark D. Levine amplified a viral post claiming an old MTA garage will become 1,000+ homes and a park. The claim ties into a broader city push to repurpose public land for housing.
Bronx Buyers Snag Ponce Bank HQ Across From 6 Train For $16.25M
Ponce Bank’s flagship Bronx branch at 2244 Westchester Ave sold for $16.25M in early June, a 1031‑related purchase that underscores demand for net‑leased bank assets near transit.
Ridgewood Landlords Stuck With $375K Hit After Queens Judge Refuses Lifeline
A Queens Civil Court upheld a $375,000 judgment tied to housing and tenant-harassment claims at 1708 Summerfield St., denying owners' attempts to vacate the settlement.
Chelsea Arts Loft Handed Back To Bank In Cut-Rate $38 Million Deal
A six‑story Chelsea arts loft at 548 W. 28th was returned to its lender in a $38M bankruptcy sale, capping months of court filings and a lender push to enforce the sale. The outcome raises questions for galleries and studios inside the building.
Fifth Ave Pipe Feud Erupts Into Fraud Furor, Lawsuit Claims
Residents at 907 Fifth Avenue have sued their co‑op, alleging forged audit papers and years of opaque accounting after a protracted plumbing dispute. The complaint seeks damages and a retroactive accounting to 2019.












