Local news
New York News Hub
Curated local headlines with AI summaries and a practical FinTechful perspective.
44 stories
Latest News
44 Total
Apartment conversion planned at former Manhattan animal shelter
A former animal shelter in Manhattan is set to be converted into apartments. The building, previously operated by Bideawee, was vacated following its relocation in 2023.
Higher mortgage rates are messing with the housing market
The average 30-year fixed-rate mortgage has reached 7.4%, significantly impacting the housing market. This increase is creating challenges for sellers, buyers, and new homeowners alike.
Toll Brothers plans 240,000-square-foot residential building in Chelsea
Toll Brothers has submitted plans for a new residential building in Chelsea, covering 240,000 square feet. The project will feature 105 residential units and is situated on a site that was recently acquired for $53 million.
Star on 18 Diner building to be demolished in Chelsea
The Star on 18 Diner building in Chelsea is set to be demolished to make way for new development. This demolition will clear a 3,000-square-foot lot adjacent to a site where condos are currently being constructed.
Why 'serious' delinquencies are spiking for a vulnerable class of homebuyers
First-time homebuyers and individuals with poor credit are increasingly struggling to maintain their monthly mortgage payments, leading to a rise in serious delinquencies. This trend highlights the challenges faced by vulnerable segments of the housing market.
DoubleTree by Hilton near LaGuardia sells for $72 million
The DoubleTree by Hilton near LaGuardia has been sold for $72 million. The hotel features 353 rooms and offers 11,000 square feet of event space along with 14 meeting spaces.