Harry Macklowe’s “Tower Fifth” at 5 East 51st Street could become New York City’s tallest building by roof height. The proposed skyscraper would rise 1,556 feet in the Mahattan skyline.
A Universal Hip Hop Museum is coming to the Bronx. The museum will feature exhibits that showcase hip hop artifacts and tributes to its legends. There will also be interactive displays where visitors can get the recording booth experience. The new museum will occupy 50,000 square feet of space in a new development called "Bronx Point." The museum is scheduled to open in 2023. According to Curbed.com, the museum has raised $20 million for the project already, but still needs to raise an additional $60 million.
Led by Billionaire Warren Buffet, Berkshire Hathaway HomeServices first expanded into the NYC market in 2017. It's now the second largest residential brokerage in the entire country with 45,000+ agents. The local office, Berkshire Hathaway HomeServices New York Properties, is set to gain major market share in NYC in the coming years.
CNBC spoke with Eric Benaim, the CEO of Long Island City based brokerage Modern Spaces, about how Amazon's decision to pull out of Queens will impact the real estate market. See the video here
Mortgages rates fell to their lowest levels since early 2018, according to mortgage giant Freddie Mac. 30-year fixed-rate mortgages averaged 4.37% for the week ending Feb. 14th, 2019. Freddie Mac reports that a combination of cooling inflation and slower global economic growth has led mortgage rates to decline. Housing activity has softened over the last year, however, lower mortgage rates and a strong job market should create demand for home purchases during the typically-busy spring buying season.
Hundreds of citizens including military Veterans and supporters attended the funeral of World War ll Veteran James McCue in Massachusetts on Thursday. James McCue died last week at a health care center in the city of Methuen at age 97. Private First Class McCue enlisted in the Army when he was 20. He saw action in Europe, including being part of the massive Normandy beach invasion. According to local news outlet WBUR, the obituary said that he had outlived his wife and had no other living family members. Military supporters on social media spread the world quickly that James McCue had no relatives to mourn him. Hundreds of citizens in the local area answered the call and turned out to pay their respects.
Read more about it here WBUR
Took this shot over the weekend in Downtown Brooklyn. The Williamsburg Savings Bank Tower, seen in the background, is one of Brooklyn's most iconic structures. Originally built in 1931, the one-time tallest building in the borough stands 512 feet high. It was converted into luxury condos back in 2006 under the name 1 Hanson Place. Also seen in the bottom right section of the photo is an old entrance to the original Atlantic Avenue station.