Skyline Developers work to preserve important New York City architecture
To many developers in New York, an old building is simply an obstacle to be torn down, but to developer Orin Wilf, it represents a personal challenge and a diamond in the rough.
Wilf, through his Manhattan-based real estate development company Skyline Developers, a division of Garden Homes, has returned several Manhattan buildings to their former glory. Among these historic restorations of note are 41 Broad St., 37 Wall St., and the Rockefeller Townhouses at 13-15 West 54th St.
Most recently, Wilf is set to close on the purchase of 1040 Ave. of the Americas, a classic 24-story art deco office tower at West 39th St. Built as the Millinery Building in 1927 by architects Buchman & Kahn who also designed the Hotel Sherry Netherland, Skyline Developers will begin restoration of the building's ornate lobby and brick and limestone stepped-back façade starting next year.
Over the past five years, Skyline Developers has invested millions of dollars to restore these historic buildings, winning numerous awards for their efforts along the way.
The New York State Office of Parks, Recreation and Historic Preservation awarded Wilf's firm the 2006Historic Preservation Award for Private Sector Achievement for 41 Broad St.
Queens, NY Investment Property Realty Group (IPRG) arranged The Vaja Group’s $26.39 million acquisition of 24-41 31st St., a fully entitled development site in Astoria. The 29,638 s/f site traded for $176 per buildable s/f.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of