Icon sells Village rental building for $38M

Icon Realty Management sold a nine-story rental building in the heart of Greenwich Village to an Italian investor for about $38 million. Terrence Lowenberg and Todd Cohen’s management firm sold the prewar elevator building at 56 West 11th Street to the overseas investor for $37.8 million in a 1031 exchange. The pricing on the 36-unit building between Fifth and[…]

Hamptons Cheat Sheet: TV personality lists Montauk digs for $62M, Southampton seeks parkside retailers … & more

Talk show host Dick Cavett lists longtime Montauk home for $62M And as one of the priciest listings to hit the market this year, this oceanfront spread is certainly worth talking about. The Stanford White-designed property at 165 Deforest Road sits on a whopping 20 acres, including 900 feet of beach frontage. Dubbed Tick Hall,[…]

This month in real estate history: A toxic Bronx canal sees its demise, the Empire State Building opens … & more

From the May issue: A New York State Supreme Court judge tossed out an effort to stop the city’s acquisition of the Mott Haven Canal, just north of the Third Avenue Bridge in the Bronx, the New York Times reported 117 years ago this month. President Herbert Hoover pressed a ceremonial button in Washington, D.C., that[…]