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In 2017 in New York City, Matthew and Seth Weissman, who operate Weissman Equities, renovated a partly empty apartment building in Harlem, creating furnished SRO units with 180 to 280 square feet, which rent for $1,200 to $1,600 per month (this includes utilities and cleaning). [19] "
The project, initially expected to cost $50 million, was to contain 180 cooperative apartment units, located above 12,000 sq ft (1,100 m 2) of retail space that would be situated on the ground floor. [4] Two project offices on East 61st Street, made of brownstone, were to be converted into apartments after the main structure was completed. [4]
In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
The earliest known use of "shotgun house" as a name for these dwellings is in a classified advertisement in the Atlanta Journal-Constitution, August 30, 1903: "Two 3-room houses near the railroad yards at Simpson st. crossing, rent $12 a month to good tenants who pay in advance; price $1,200 on terms or $100 cash, balance $15 a month; a ...
A lower-rise apartment building on the left side of the Avenue of the Americas in Manhattan, juxtaposed next to a skyscraper apartment building. An apartment (American English, Canadian English), flat (British English, Indian English, South African English) [a], or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building ...
In January 2006, the hotel's owner, Host Hotels & Resorts, was intending to sell the property "in the mid-$400 million range", primarily marketing the site with the prospect of replacing the aging hotel with a mixed-use skyscraper. [46] Harry Macklowe purchased the Drake in 2006 for $418 million [45] [47] (equivalent to $640 million in 2023 [b]).
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