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Lower Manhattan
Trends
- 1Lower Manhattan building with 21 apartments sells for $8.25 million▼A Lower Manhattan building with 21 apartments sold for $8.25 million.
A Lower Manhattan building containing 21 apartments has been sold for $8.25 million, a deal translating to roughly $393,000 per unit. The sale adds to signs of continued activity in Manhattan's residential real estate market, where multifamily buildings remain sought after by investors despite broader uncertainty in the city's office and retail sectors.
- 2Three men stabbed on Lower East Side as police seek top hat suspect●A LES stabbing sends 3 men to the hospital as NYPD search for the top hat-wearing suspect https://gothamist.com/news/a-l
Three men were hospitalized after a stabbing on Manhattan's Lower East Side, and the NYPD is searching for a suspect described as wearing a top hat. The unusual detail in the suspect description has drawn attention as police work to identify and locate the person responsible for the attack.
- 3Mamdani Proposes Converting Lower Manhattan Offices Into 4,000 Apartments●Mamdani Wants To Turn Lower Manhattan Government Offices Into Nearly 4,000 Apartments
New York mayoral figure Zohran Mamdani has proposed converting government office buildings in Lower Manhattan into nearly 4,000 apartments. The plan would repurpose public-sector office space for housing as the city grapples with high rents and a tight housing supply. Real estate observers are weighing the feasibility and cost of such office-to-residential conversions in Manhattan.
- 4Seaport Entertainment Sells 85 South Street Building for $8.25 Million●Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million
Seaport Entertainment Group has completed the sale of its residential building at 85 South Street for $8.25 million. The transaction marks another step in the company's efforts to streamline its portfolio and raise capital as it refocuses on its core Seaport entertainment and hospitality assets in Lower Manhattan.