Bags Of Cash And Brotherly Beef Rock New York Rental Empire
A new suit filed April 20 accuses Michael and Edward Ostad of excluding their younger brother and diverting cash rents into personal accounts. The filing raises fresh questions about a 10‑building portfolio and looming lender actions.
Old Dumbo Office Block Gutted As 175 Pearl Street Shoots Up 11 New Floors
Watermark Capital is converting 175 Pearl Street in DUMBO into a 19‑story building with nearly 200 homes and roughly 25% affordable units. Exterior recladding and interior gutting are underway.
West Village Office Tower Rockets 180% In $50.5M Flip To Spear Capital
A West Village office building at 74 Eighth Avenue sold for roughly $50.5M — about $1,500 per square foot and more than double its 2019 sale, signaling renewed investor interest in small Manhattan offices.
East Flatbush Tenants Rage At Mystery Landlord As Building Falls Apart
Tenants at a Linden Boulevard building say collapsed ceilings, leaks and rats made apartments unlivable while a newly listed Pink Holding company won’t answer. HPD says it’s stepping in.
Moonies Cut Midtown Deal To Unload Longtime HQ To Bentley Zhao
The Unification Church has a contract to sell its Midtown headquarters at 4 W. 43rd St. to an affiliate of Bentley Zhao’s New Empire, according to Crain’s. The move could clear the way for redevelopment near the Theater District.
Mortgage Rates Sink To Four-Week Low, But Buyers Still Feel The Squeeze
Freddie Mac’s weekly survey shows the 30‑year fixed rate fell to 6.30% as of April 16, 2026 — a four‑week low that eases some pressure but leaves affordability strained.
Epstein Brother Quietly Shops Hudson Square Site As Developers Circle The Block
Mark Epstein has listed 515 Greenwich Street in Hudson Square, a parcel city planning documents have long flagged for redevelopment. The listing brings a familiar Manhattan owner back into the market.












