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Private equity firms have bought up hundreds of smaller apartment buildings in trendy New York neighborhoods. Private equity firms own a very small, but growing, fraction of American real estate. Some argue that private equity, hedge funds, and other institutional investors are a convenient target and are being unfairly blamed for the nation's worsening housing affordability crisis. The recent increase in private equity purchases, particularly of single-family homes, has drawn scrutiny, including from Congress, over the last few years. Democrats also couldn't reach agreement on measures that would have boosted tenant protections, including rent stabilization and eviction protections.
Persons: Kathy Hochul's, Hochul Organizations: Service, Carlyle Group, The New York Times, Conway Capital, Peak Capital Advisors, Times, Institutional, New York Gov, Democrats Locations: New York, Brooklyn, Wall, Silicon, gentrifying, Queens, Bushwick, Bedford, Stuyvesant, Williamsburg, Ridgewood , Queens, York City, Brooklyn's Gowanus
In New York City, debates over affordability often center on the proliferation of opulent high-rise developments. But in the boroughs, deep-pocketed investors are buying up hundreds of smaller buildings, prompting a new set of concerns in the city’s deepening housing crisis. Over the past few years, private equity firms have quietly spent hundreds of millions of dollars buying apartments in neighborhoods like Bushwick, Bedford-Stuyvesant and Williamsburg in Brooklyn and Ridgewood in Queens, property records show. Private equity firms — which typically invest money on behalf of pension funds, endowments or other large sources of wealth — focus on assets, like businesses or housing, that they can buy relatively cheaply but that have big profit potential. Their expansion into the housing market across the nation has prompted scrutiny in Congress about whether the trend is amplifying America’s affordability problems.
Locations: New York City, Bushwick, Bedford, Stuyvesant, Williamsburg, Brooklyn, Ridgewood, Queens, New York
An introduction to ice creamBen Van Leeuwen earned money in college by driving a Good Humor ice cream truck. From left: Ben Van Leeuwen, Pete Van Leeuwen and Laura O'Neill. Van Leeuwen Ice CreamDespite their best efforts, they were only able to raise a total of $60,000 from 15 friends and family members. Van Leeuwen Ice CreamVan Leeuwen Ice Cream was a hit from day one. Van Leeuwen Ice Cream CEO and co-founder Ben Van Leeuwen at a Williamsburg, Brooklyn scoop shop.
Persons: Ben Van Leeuwen, Ben, Van, Van Leeuwen, Leeuwen, SpongeBob, hadn't, I'm, Pete, Laura O'Neill, Thomas Keller's, Laura, Pete Van Leeuwen, Van Leewen, There's, it's, Van Leeuwen's, Lauren Shamo, Tasia Jensen Organizations: CNBC, Walmart, Foods, Mister, eBay, Subaru Impreza, Prince, Kraft, Cream Locations: Washington ,, Van Leeuwen, Greenpoint , Brooklyn, New York, SoHo, Southeast Asia, Europe, Spain, Italy, France, American, New York City, York, Bronx, Greene, Van, Greenpoint, Brooklyn, Williamsburg , Brooklyn
The latest must-have amenity in luxury New York City apartment buildings: a designated coworking space for remote workers. Apartment developers are building out private offices, conference rooms and even podcasting booths to capitalize on a lingering work-from-home trend. "A coworking space was actually the top of my list when I was touring," said Lauren Wells, a fashion designer and a resident at 420 Kent in Williamsburg. "When I need to meet with a customer for work, I can just bring up some of my work create a little space up there." Rent at each of the luxury rental buildings can run up to $7,950 per month for a one-bedroom apartment, while a studio for sale can cost nearly $1 million.
Persons: Matthew Villetto, Douglas, Lauren Wells Organizations: Pew Research Center, Development, Financial District Locations: New York City, Kent, Williamsburg, East Harlem, Washington, Tribeca
The State of Pizza in the Pizza State
  + stars: | 2023-08-08 | by ( Nikita Richardson | ) www.nytimes.com   time to read: +1 min
And a New New Haven SliceIf Chrissy’s is repping the New York pie, then Lala’s in East Williamsburg, Brooklyn, is the Connecticut delegate. This city isn’t exactly head over heels for rival pizza styles, so it’s particularly brave of Grimm Artisanal Ales to give over its entire rooftop to apizza (the New Haven term for its local style). I’ve been a fan of Grimm for a long time — it was going hard on light-bodied sours during the New England I.P.A. Go for the tomato pie, a cracker-thin pizza with shaved garlic, or the cozy pie with chunks of potato. You want New York pizza?
Persons: I’ve, Grimm, it’s, Rocco Pizza, Rocco Locations: York, East Williamsburg , Brooklyn, Connecticut, England, New York, Brooklyn
A Goldman Sachs analyst found dead in a Brooklyn creek drowned, his father has said. Castic's father told Fox News that there were still unanswered questions around his death. His father told Bloomberg that Castic's phone, wallet, and keys were found on him when his body was recovered. He was a bright, charismatic, caring and hardworking young man," Castic told Fox News. Castic's father told Fox there were still unanswered questions about the circumstances surrounding his son's death.
Persons: Goldman Sachs, John Castic, Castic's, John Castic's, Castic, Jeffery Castic, Bloomberg, Karl Clemente, Fox Organizations: Fox News, Brooklyn Mirage, Bloomberg, Fox, NYPD Locations: Brooklyn, Jersey City , New Jersey, Newtown Creek, Greenpoint, Williamsburg
What They Paid for Their Weddings
  + stars: | 2023-08-05 | by ( Bridgette Bartlett Royall | ) www.nytimes.com   time to read: +1 min
One couple spent less than $2,000 for an intimate wedding at a local hotel. Another paid $200,000 for an elaborate out-of-town affair. We asked six married women to share how much they spent on their weddings — and where they felt the money was well-spent, where it was wasted and what they wish they had done differently. Our suite had a terrace with romantic views of the city — and it had just snowed, so there was a magical, wintry feel too. Perfection.”Lowest Expense: “Our least expensive item were monogrammed masks, which were $14 for a set of five.” She bought the disposable face masks on Etsy.
Persons: Tia Williams, , Francesco Ferendeles, we’re Locations: Brooklyn, , Williamsburg
Pizza party: 14 versions of the world’s favorite food
  + stars: | 2023-08-01 | by ( Terry Ward | ) edition.cnn.com   time to read: +15 min
The solution was to fry the pizza dough, with ricotta and pork fat tucked inside, for a puffier and more substantial effect. With several locations in Miami, Rey Pizza offers Cuban pizza varieties that include chorizo, picadillo (ground beef) and platano (plantain). New York slice pizzaNew Yorkers just fold their slices to eat on the move. “New York slice pizza uses a low-moisture and low-fat mozzarella that’s dry, almost more of a provolone,” Verde says. He recommends trying authentic New York slice pizza at Amore Pizzeria in the Flushing neighborhood of Queens (for a whole pie, try the Italo-Americano New York style pepperoni pizza at Coco Pazzeria).
Persons: Fabio Errante, , , ” Errante, , Nino Coniglio, ” Coniglio, Enzo Algarme, ” Algarme, , Henry Cunningham, Gabriele Bonci, Cunningham, Stefano Politi Markovina, Tatyana Serraino, that’s, Lisa Cherkasky, it’s, Errante, . Wood, Allen Brown, Derek Gaughan, Pala, ” Gaughan, Louis, Steve Dolinsky, there’s, Dolinsky, Lou Malnati’s, crème, Khachapuri, Maggie Rossetti, iStockphoto, Ciro Verde, Coco Pazzeria, Pazzeria, Coniglio, you’re Organizations: CNN, CNN Travel, UNESCO Intangible Cultural Heritage, Food, Netflix, Washington Post, Uno, Pizza, Americano Locations: Naples, Italy, Italian, Brooklyn, New York City, Neapolitan, Virginia, Rome, Rome’s, Prati, Rome's Trastevere, Errante, Olive, Sicily, United States, Palermo, Detroit, Michigan, Trumbull, Columbus, New Haven, New Haven , Connecticut, Chicago, Cuban, Miami, Gouda, France’s Alsace, Germany, Catalonia, Spain, Balearic, Istanbul, Yerevan, Berlin, Hamburg, Armenia, Turkey, Georgia, York, Astoria , Queens, ” Verde, Flushing, Queens, Yorker
Aug 1 (Reuters) - The New York City Police Department said on Tuesday that a body found in a New York City creek has been identified as missing John Castic, reportedly a Goldman Sachs (GS.N) staffer. "The Office of the Chief Medical Examiner will determine the cause of death," the NYPD said. Castic, 27, was last seen on Saturday at about 2:30 a.m. leaving a "Zeds Dead" concert at The Brooklyn Mirage in East Williamsburg, according to a Fox News Digital report. Reporting by Manya Saini and Ananya Mariam Rajesh in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Persons: John Castic, Goldman Sachs, Castic, Manya Saini, Ananya Mariam Rajesh, Sandra Maler Organizations: New York City Police Department, NYPD, Brooklyn Mirage, Fox News, Thomson Locations: New York City, East Williamsburg, Bengaluru
By the time Megan Grehl finally met Côme Ménage, it felt as if their relationship was meant to be. “We missed each other by a month,” said Ms. Grehl, 37, who now runs her own interior design studio. You just missed Côme. When she posted a photo of the Bedford-Stuyvesant, Brooklyn, brownstone where she had rented an apartment, Mr. Ménage got in touch. Image Côme Ménage, a Brooklyn-based architect, and his wife, Megan Grehl, an interior designer, renovated his 19th-century apartment in Paris as their second home.
Persons: Megan Grehl, Côme Ménage, Grehl, Neri, Hu, Ménage, , , she’d, Côme, Zack DeZon, Yves, Ren Locations: Shanghai, New York, Bedford, Stuyvesant , Brooklyn, Brooklyn, Paris, Williamsburg , Brooklyn
Carlos Macci spent decades struggling with addiction, selling heroin and fentanyl not to make money but to ease his own cravings, according to court records. He was part of a four-man crew selling drugs out of an apartment in Williamsburg, and on Sept. 5, 2021, he was with a man who sold a bag of fentanyl-laced heroin to the actor Michael K. Williams. Mr. Williams, who became famous for playing a charismatic stickup man named Omar Little on the HBO series “The Wire,” took the drugs back to his Brooklyn apartment and was found dead the following day, still wearing the same clothes he had on the day before. On Tuesday, Mr. Macci, now 72, walked into Federal District Court in Manhattan, his shoulders stooped, and apologized for his role in Mr. Williams’ death. The judge sentenced him to 30 months in prison.
Persons: Carlos Macci, Michael K, Williams, Omar Little, , Macci Organizations: HBO, Court Locations: Williamsburg, Brooklyn, Manhattan
Here, the customers drink $3 beers and play dominoes, or sit around and chat over free plates of food like arroz con gandules. The walls are crowded with Puerto Rican flags and portraits of the bar’s owner and matriarchal figure, Maria Antonia Cay, who is more commonly known as Toñita. She opened the place in the 1970s as the Caribbean Social Club, a members-only hangout for the neighborhood baseball team. In 2000, she obtained a liquor license and opened the spot to everyone for cheap drinks and pots of Puerto Rican dishes that she makes in her apartment kitchen upstairs. “It reminds me of home,” said Djali Brown-Cepeda, an archivist and filmmaker who runs the Nuevayorkinos Instagram account.
Persons: Maria Antonia Cay, , Djali Brown, Cepeda Organizations: Puerto, Caribbean Social Locations: Williamsburg , Brooklyn, Toñita’s, Puerto Rican, New York City
Over the last decade, as dairy-free ice cream gained a foothold in the commercial market, its flavors were limited, its texture was often watery and its taste could be questionable. Today, many of these ice creams are smooth and creamy. They can twirl like soft serve and pack into scoops for waffle cones. And the options for both soft and hard versions have vastly improved as the plant-based milk and creamers used to make them have gotten better. “It was just as creamy as regular soft serve,” said Ms. Darnell, 26, who lives in Williamsburg, Brooklyn.
Persons: Hanna Darnell, , Darnell, Locations: Williamsburg , Brooklyn
Martin Hoffmann, the co-CEO and CFO of Swiss footwear and sports apparel brand On Holding , said Wednesday that physical locations continue to play a major role in retail. "Retail really is an important element now, it really elevates how you experience the brand. "All of a sudden, you have a huge uptick in [ecommerce], Harrod's next door makes more revenue, sees more inflow of apparel requests, so it's really working." On Holding recently opened a retail location in the Williamsburg neighborhood of Brooklyn, with the aim of connecting with the local community, especially growing families, according to Hoffmann. We want to grow long term, so we don't need to chase anything in the next one or two years," he said.
Persons: Martin Hoffmann, Hoffmann, CNBC's Jim Cramer, Harrod's, Roger Federer, Cramer Organizations: Nike, Boston Marathon Locations: London, Williamsburg, Brooklyn
But gifted programs aren't the only way to give your child those benefits — and that's important. "Truthfully, a lot of the services that are provided would benefit a much larger group of kids," Peters tells CNBC Make It. Here are three strategies you can use to mimic a gifted program's advantages outside the classroom, he says. But a parent calling their child "gifted" or "special" might come off as empty praise, says Peters. "Teaching isn't easy, and different kids learn best in different ways," Twersky noted.
Persons: Scott J, Peters, Irina Gorelik, Michael Twersky, Twersky Organizations: CNBC, Williamsburg Therapy, Khan Academy Locations: Williamsburg
Where Do New Yorkers Want to Rent?
  + stars: | 2023-06-22 | by ( Michael Kolomatsky | ) www.nytimes.com   time to read: +1 min
If you’re moving to New York City and want to find the most popular rental neighborhoods, it makes sense to follow locals in the know. Recently, RentHop did just that by studying web traffic to New York City listings that originated from within the city. Two Queens neighborhoods and four Brooklyn neighborhoods showed increased popularity. Astoria, Queens, rose to the top from ninth place a year ago. Other drops in Manhattan included Greenwich Village and the West Village, ranked 10th and 11th, each dropping six spots from last year; and the Bowery area ranked 13th, falling seven spots.
Persons: RentHop Organizations: New York City, Bushwick, Greenwich, Village Locations: New York City, New York, Queens, Brooklyn, Astoria, Bedford, Stuyvesant, Williamsburg, Manhattan
Gooped at a Gwyneth Paltrow Drag Show
  + stars: | 2023-06-21 | by ( Madison Malone Kircher | ) www.nytimes.com   time to read: +1 min
Gwyneth Paltrow has been popping up in unexpected places this year. She was in court in March, dressed impeccably, and won $1 after being found not at fault for a ski crash. Well, not in the flesh, but her persona was present as a handful of drag queens put on their best performances in honor of Ms. Paltrow, the actress and founder of the lifestyle brand Goop. Scenes from Ms. Paltrow’s oeuvre played on a loop on screens throughout the bar and performance space. Ms. Paltrow was unavailable for comment, she added.
Persons: Gwyneth Paltrow, Paltrow, “ Sylvia, , Brad Pitt, Thorgy Thor, riled, Paltrow’s, Goop, ” Noora Raj Brown Locations: East Williamsburg, Brooklyn
The Black-Owned Restaurants of Bed-Stuy
  + stars: | 2023-06-20 | by ( Nikita Richardson | ) www.nytimes.com   time to read: +1 min
This spring, while looking for a new apartment, I realized how much change had taken place. I might qualify as someone who has contributed to the gentrification of Bed-Stuy, but I also look like I belong. But I found a rent-stabilized apartment blocks away from my old place. When a new restaurant or business opens in this corner of Bed-Stuy, I wonder: Is it Black-owned? Walk up Lewis Avenue past Peaches on a weekend morning and it’s spilling over with Black and brown customers.
Persons: I’m Locations: Williamsburg, Greenpoint, Clinton
Mr. Gutman is an environmental planning consultant and a member of the New York-New Jersey Storm Surge Working Group. In terms of population at risk, New York City is the most vulnerable city in the country, according to Climate Central, a nonprofit research organization. These highly effective and reliable harborwide surge barriers can protect large areas while leaving shorelines free for recreation and other uses. Hudson River Park 12 feet 12 feetHudson River Park 12 feet 12 feetHudson River Park 12 feet 12 feetGantry Plaza State Park 12 feet 12 feetGantry Plaza State Park 12 feet 12 feetImagine bicycling up the Hudson River Greenway in Manhattan next to a concrete wall between you and Hudson River Park. It consists of walls, small storm surge barriers and other shoreline barriers.
Persons: Robert Yaro, Daniel Gutman, Quoctrung Bui, Taylor, John Lehr, Yaro, Gutman, Hurricane Sandy, Rohit Aggarwala, Aggarwala, Jeroen Aerts, , Sandy Hook, Arthur, Sandy, David Ralston Organizations: The New York Times, Regional Plan Association, Metro Flood Defense, New Jersey Storm, U.S . Army Corps of Engineers, Corps, Hurricane, Climate Central, United Nations, New, LaGuardia Airport, Vrije University Amsterdam, New York City, Bronx Manhattan, Bronx Manhattan Jersey City Queens, Bronx Manhattan Jersey City Queens Brooklyn Jamaica Bay, U.S . Army Corps, Engineers, Oceanographic, Dade Locations: York, New, New York, New Jersey, floodwalls, New York City, Rotterdam, Netherlands, London, St, Petersburg, Russia, New York Harbor, Central, Greenpoint, Manhattan’s, Jersey City, Hudson, Greenway, Manhattan, United, Jersey, Bronx, Queensbridge, South Williamsburg, Yonkers, Ossining, Market, Newtown, New York State , New Jersey, Brooklyn, Staten Island, Arthur Kill, Jamaica, Bronx Manhattan Jersey, Bronx Manhattan Jersey City Queens Brooklyn, Bronx Manhattan Jersey City Queens Brooklyn Jamaica Bay Staten, Texas, Galveston, Houston, Hurricane, Miami
Man Charged With Manslaughter After Subway Stabbing
  + stars: | 2023-06-14 | by ( Hurubie Meko | Ana Ley | ) www.nytimes.com   time to read: 1 min
A Queens man was charged with stabbing and killing a man during a dispute on a New York City subway train on Tuesday night in Brooklyn, the police said. The man, Jordan Williams, 20, stabbed the victim, Devictor Ouedraogo, 36, on a northbound J train, the police said. Mr. Williams was arrested and charged on Wednesday with manslaughter and criminal possession of a weapon. A woman who was taken into custody along with Mr. Williams was released. Before the men’s encounter, Mr. Ouedraogo had gotten into a dispute with passengers on the train, including Mr. Williams’s girlfriend, according to law enforcement sources.
Persons: Jordan Williams, Devictor Ouedraogo, Ouedraogo, Williams, Williams’s Organizations: Presbyterian Brooklyn Methodist Hospital Locations: New York City, Brooklyn, Marcy, Williamsburg
A Genius Tomato Salad Primed for Picnics
  + stars: | 2023-06-14 | by ( Melissa Clark | ) www.nytimes.com   time to read: +1 min
Closer to home, an easier alfresco option might be your very own backyard (or stoop, sidewalk, courtyard or fire escape). Yotam Ottolenghi has a new recipe this week that’s slightly more involved, but just as colorful and fresh. Zaalouk with tahini is a Moroccan salad with spiced tomatoes, peppers and eggplant, all coated in a plush tahini-lemon dressing. Scoop it up with bread as a light meal, or serve it alongside roasted meats or fish for something more substantial. I ate it with flaky sea salt sprinkled on top and some vanilla ice cream on the side.
Persons: maven Nikita Richardson, We’ve, Sue Li’s, Ottolenghi Organizations: Food, Hamptons Locations: New York City, New York, Williamsburg, Moroccan
In the far corner stood Ravenna Wilson, owner of The Native Bread and Pastry in East Williamsburg. Beside her was Justin DeLeon of Apollonia’s Pizzeria on Wilshire Boulevard in Los Angeles, who flew in for Mr. Bellucci’s wake. At the center of the room stood Drew Nieporent, whose list of New York restaurants includes Nobu and Tribeca Grill. Into this assemblage walked Paul Giannone, founder of Paulie Gee’s, a pizza parlor in Greenpoint with locations from Baltimore to Chicago. Scanning the room, his eyes locked on a pair of pizza boxes featuring oversized pictures of the deceased.
Persons: Andrew Bellucci’s, Bellucci, Ravenna Wilson, Justin DeLeon, Bellucci’s, Drew Nieporent, Paul Giannone, Paulie Gee’s Organizations: Mr, Tribeca Locations: Astoria, New York City, Ravenna, East Williamsburg, Wilshire, Los Angeles, New York, Greenpoint, Baltimore, Chicago
Make Way for the Bike Bus
  + stars: | 2023-06-06 | by ( John Surico | ) www.nytimes.com   time to read: +1 min
On a recent Wednesday morning in Williamsburg, Brooklyn, parents and children met up in McCarren Park with all manner of wheels: electric cargo bikes, scooters, tricycles, classic cruisers. Along the way, other families, tracking the group’s location, joined the slow-moving peloton, also known as the “bike bus.”The bike bus is an increasingly popular way to get to school. Gradually, it made its way stateside and to the Metropolitan area. Some fans have nicknamed the movement “kidical mass,” a play on a cycling event where groups spontaneously take over the streets. When Drury Thorp, a teacher at Watchung Elementary School in Montclair, N.J., read an article about a “bike bus” in Portland, Ore., she reached out to a local cycling group, and they charted a route.
Persons: Pharrell Williams, Drury Thorp Organizations: Watchung Elementary School Locations: Williamsburg , Brooklyn, Brownsville , Brooklyn, Bergen Street, Rockaway, Boerum, Barcelona, Montclair , N.J, Portland ,
I’m looking forward to eating outdoors as much as humanly possible before it gets unbearably hot. That said, it’s reader question time and, as usual, my inbox was full of thoughtful and fun requests, including where to go for large-format dining, where to find carciofi alla giudia (Jewish-style artichokes) and where to have great nonalcoholic drinks. As always, please email your questions to wheretoeat@nytimes.com, and you may see them answered in a future newsletter. One of our favorite things to do with friends is to go out to eat where fixed-menu, family-style dining is offered. — Joy W.Francie, in Williamsburg, Brooklyn, has a whole roast duck for $135 that’s presented with various flora before it’s carved up.
Persons: W, Francie, It’s, Pete Wells, Monsieur Vo Locations: Williamsburg , Brooklyn, NoLIta, East
Gulfport, Mississippi, is the most affordable coastal town in the US to buy a house, per Realtor.com. The average price for a house that is located within a mile of the beach in Gulfport is $144 per square foot, making it the cheapest coastal town, per Realtor.com's report. The average cost of a coastal house there was $224,900, it said. Its list is limited to just one beach town per state, and also includes some bayside areas as well as towns next to the ocean. Newport News, a city in Virginia with a population of around 184,000 near Williamsburg, Virginia Beach, and the Atlantic Ocean, comes in second place.
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