Construction Spending Will Set a Record This Year; What Your Junk Mail Says About You

By Diane Pham

October 29, 2015

Construction Spending Will Set a Record This Year; What Your Junk Mail Says About You

Your junk mail will reveal if you’re rich or poor. [Washington Post]
Brooklyn is the best bet for house flippers. [NYP]
MTA passes $26B budget to cover repairs, improvements and expansion efforts through the next three years. [The Wall Street Journal]
Construction spending in NYC is expected to hit a record $39 billion this year. [Crain’s]
More parents are sticking it out in tiny apartments for the sake of their kids’ friendships. [NYT]

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More: Real Estate Trends

$50M penthouse is the last residence available at the Upper East Side’s famed Surrey Hotel

By Aaron Ginsburg

Manhattan's famed Surrey Hotel is making a comeback. Following bankruptcy proceedings, new owners, and a renovation, the 100-year-old Art Deco landmark at 20 East 76th Street on the Upper East Side reopened last month as a condo hotel, with 100 hotel rooms and 14 condos, part of the Surrey Residences. Now, after a whisper sales campaign, just one remaining apartment is about to hit the market: a three-bedroom duplex penthouse asking $50,000,000. The sprawling residence, the building's most expensive, offers 5,195 square feet plus 2,346 square feet across three terraces and a private rooftop.
tour the penthouse