NYC real estate
fromSFGATE
6 hours agoReal Estate Market Trends in New York, NY: Prices Fall
New York City's housing market faces shrinking inventory and slight price declines, with homes selling at a steady pace despite fewer listings.
When we saw this home - with its east-west exposures and windows that could be seen on both sides - we were immediately sold. It was the third house we looked at, and we were so lucky the owner accepted our offer. It was a very competitive moment for home sales in the neighborhood, and the fact we were able to make it happen felt like a dream.
Adyen's lease covers the connected fourth floors of 111 and 115 Fifth Avenue, plus the fifth floor at 111, on a 10-year term with an asking rent near $89 per square foot. The contiguous fourth floor plate provides Adyen with a clean, efficient footprint that operates across two addresses without the usual patchwork of split floors and awkward corridors.
The yellow-painted brick and limestone structure measures 21 feet wide and has five bedrooms and half a dozen bathrooms in roughly 7,800 square feet across six levels, all accessible by an elevator.
BHI provided a $167 million construction loan to Yellowstone Real Estate Investments for the conversion of the Candler Building into a 176-unit residential tower with retail space, totaling $203 million in financing.