New York state and New York City recoup $3M from luxury developer

Heatherwood Communities LLC received tax exemptions on two of their rental properties in Queens and Brooklyn, but failed to pay the buildings’ service employees wages and benefits for over two years. Continue reading

Brown Harris Stevens appoints property management director

The New York City-based brokerage has named Richard Horovitz as its residential property management division’s senior vice president and director of residential property management. Continue reading

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

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

‘New York market remains a juggernaut’ in Q1, condo sales thrive

Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory. Continue reading

The luxury market in 2021: sky-high prices, scandals and acquisitions

The luxury housing market had a strong year in 2021 as high-net-worth individuals continued to buy and sell homes at a quick pace. The market saw big acquisitions, eye-popping deals and exciting new trends. Continue reading