Tag Archives: Brooklyn

New York brokerage owner sues predecessor for alleged fraud

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Yves Jean-Baptiste bought Rapid Realty in 2018, but now says the former owner Anthony Lolli actually used the deal to pawn off a failing business. Continue reading →

Fueled by new wealth, ‘ultra-luxury’ real estate tallies big year in 2022

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Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels. Continue reading →

Madison Estates Sotheby’s merges with The Franzese Group

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The Franzese Group is the latest addition to the 50 additional real estate professionals Madison Estates Sotheby’s International Realty has added to its team since affiliating with the brand in 2021. Continue reading →

Manhattan median rent hits new $4K high, according to report

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Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent. Continue reading →

Agent’s selfie at packed open house captures NYC rental market chaos

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A video posted this month portrays the insanity of renting an apartment in New York right now, with tenants paying so-called “cuck money” and reports of more Airbnbs in the city than rentals. Continue reading →

Compass dethrones Realogy as top brokerage in T3 Sixty Mega 1000

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EXp Realty took the top spot for transaction sides. Both it and Compass grew sides and volume by hundreds of percent over the past year, according to real estate analysis and consulting firm T3 Sixty. Continue reading →

Corcoran lands top spot in first-ever UrbanDigs NYC brokerage rankings

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Corcoran took the top spot in Manhattan and Brooklyn with $2.54 billion in signed contracts, with Compass following close behind, according to the firm’s inaugural NYC quarterly report. Continue reading →

Los Angeles agent Carl Gambino moving New York team to Compass

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Carl Gambino, who has advised 2 of the 3 Jonas Brothers as well as Alex Rodriguez and Jennifer Lopez, is signing on with Compass in New York and leaving the Modlin Group, it was announced this week. Continue reading →