Weekly Roundup: New NYC stats, land paradox, easing rates, Fair Housing, search tool. . . more

All-cash dream can become all-consuming nightmare

WNYC investigation: System of appointing foreclosure referees operated with little oversight, rife with irregularities, dominated by political insiders

Signed contracts for $10 million-plus residential properties in Manhattan double the same time last year

Narrowest house, where Edna St. Vincent Millay lived, finds buyer at last

Rent board approves maximum increases  roughly double last year’s for stabilized apartments

Finding Hollywood home addresses of celebrities fast and easy

Grammy-winning saxophonist tries again to sell UWS townhouse, this time for $12 million

Comedic former TV talker sells Miami hacienda way below original ask of $20 million

Couple could be sleepless Continue reading

Developers reap bonanzas. Not always.

An item about the conversion of an office building on lower Fifth Avenue (illustrated in the photo at left) caught my eye last week.

The Wall Street Journal reported that the building at 141 Fifth Avenue has finally sold its last two condo units. It happens that an unidentified buyer paid $12.9 million for the apartments, according to the newspaper.

You might think, as I did, that the developer of the 34-unit building cleaned up, with the average price per square foot of $1,700 and sales said to total $112 million.

Think again. Continue reading