Petroleum distributor Buckeye Partners sold its Bronx gas storage site at 1020 and 1040 East 149th Street for $73.5 million, having purchased it for just $10 million in 2013 from energy firm Hess, according to property records. An entity that shares an address with energy supplier Sprague Energy bought the three buildings, used to store petroleum products before they are shipped to gas stations and other businesses, in a deal that closed March 31, according to property records.
August 4, 2023
400 new affordable apartments were announced for the Financial District this past week. Roughly a third of the new buildings at 5 World Trade Center, will be set aside for middle- and working-class New Yorkers, with 80 of those apartments earmarked for people who lived and worked near the old World Trade Center as well… Read more »
May 22, 2023
“The mortgage refinancing boom is over, but its impact will be seen for decades to come”. Fed data shows that about 14 million mortgages were refinanced during the pandemic period starting in March 2020. Some 64% were considered “rate refinances,” or homeowners looking to take advantage of lower borrowing costs. Average savings totaled about $220… Read more »
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