News – New York City Real Estate – Page 2 – New York City Real Estate

Area Property Partners Sells Bronx Housing Complex for $51.5M

by admin on November 29, 2011

by: Katherine Clarke
source: The Real Deal

Global One Real Estate Fund, an entity controlled by Robert Nelson of Nelson Development, has purchased the Lafayette-Towers Nelson Apartments Houses, a middle-income rental complex in the Bronx, Nelson told The Real Deal today.

Designed by Superstructures Engineers & Architects F.J. Sciame and Nelson Mgmt. begin $50m project

by admin on February 28, 2004

Nelson Management Group Ltd., an owner/operator of residential housing in New York City, has started construction on the 309-unit Cathedral Parkway Towers, a $50 million residential development on Manhattan’s Upper West Side.

Leaving Mitchell-Lama: Many Paths, All Bumpy

by admin on November 2, 2003

The battleground is increasingly familiar: on one side, there is the developer of a Mitchell-Lama building entitled under law to take it out of the low- and moderate-income housing program after 20 years of rent ceilings. On the other, there are the tenants, fearful they will lose their homes to soaring rents or that their buildings will be transformed into luxury condos.

Owners embrace regulated space. Robert Nelson reaps the benefits of owning 1,000 rent-regulated apartments in the city, while other real estate sectors flag.

by admin on May 5, 2003

While owners of commercial office buildings and the landlords of luxury residential towers fight to find tenants, Robert Nelson polishes the shine on his “no vacancy” sign. As the proprietor of 1,000 apartments located in Brooklyn, Manhattan and the Bronx, he is smack in the middle of one of the hottest segments of the New York real estate market: multifamily, rent-regulated apartment buildings.

JV Buys 52,000-SF Multifamily Building

by admin on February 1, 2002

Nelson Management Group Ltd. has partnered with Global One Investments LLC to acquire a six-story, rent-stabilized apartment building on the 204 W.108th St. The $6.1 million purchase adds an additional 49 housing units to the group’s New York portfolio.

Profile of the Week: NELSON MANAGEMENT GROUP, LTD. The Chatsworth Regains Premier Status

by admin on July 17, 1996

Just a year ago, The Chatsworth was infamous in the annals of New York City residential real estate. An architectural and stylistic landmark, The Chatsworth had been the subject of a major rent strike, hundreds of housing code violations, three different property managers in 10 years, and more legal battles than just about any other rental property in the City.

Trade-Ins Help Sell New Homes

by admin on August 16, 1992

By early next year Stef and Linda Fogelson expect to be in the two-story French Provincial-style home they are building on a two-acre wooded lot in Chappaqua, N.Y. The Fogelsons have not yet found a buyer for the home they now own and occupy, but they are not worried because the builder of their new house has agreed to buy their existing home if it has not sold by the time the new one is ready.