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Sandro Rosell
FC Barcelona President
Tuesday, September 26, 2017

Real Estate

The fate of Congregation Shaare Zedek, a Conservative synagogue on the Upper West Side’s West 93rd Street and the nation’s third-oldest congregation, is now hanging in the balance. As a result of the financial problems affecting many religious congregations throughout NYC, Shaare Zedek’s leaders are planning to sell the property to a developer, replacing the almost 100-year-old building with a 14-story condo, in which the synagogue will continue to occupy the first three floors. 

In a report Sunday, the NY Times noted that the plan to sell off the synagogue has garnered opposition from some who feel strongly that the building, which has stood in its present location since 1923, is a historic landmark and must be preserved. 

One of those

If you’ve ever dreamed of living in a 19th Century cottage not far from the Atlantic Ocean, you will soon have the opportunity, granted you can meet the $55 million asking price. In a report Monday, the NY Times noted that in, addition to its hefty price, the 1887 house comes with a property tax of $13,848 a year.

If they can get past that, lucky buyers will be able to enjoy the cottage’s seven bedrooms and seven-and-a-half baths (even the numbers evoke a fairy tale), and porch on three

Infrared saunas, a popular amenity for Hollywood celebrities like Gwyneth Paltrow and Jennifer Aniston, are now being incorporated into real estate developer Extell Development’s One Manhattan Square project, an 80-story luxury condo tower. 

According to a report by The Real Deal Friday, Extell (led by CEO Gary Barnett) is the first New York developer offering the saunas, which warm the body through radiant heat. The therapy is not without health benefits, if is to be believed

Brooklyn Hospital Center is working on a deal to lease a beautiful new downtown Brooklyn health care facility, spanning 67,750-square-foot, from the New York Hotel and Motel Trades Council, according to The Post’s sources. 

Francis Cauffman designed the new 11-story building, which contains 180,000-square-feet and is located at 620 Fulton Street. Earlier this month, it was a focus of political rivals Mayor Bill de Blasio and Governor Andrew Cuomo as they both partook in the opening

The foreclosure of the Steinway Tower, a 1,400 foot high rise located on Manhattan’s so-called “billionaire’s row” (named for its luxury residential skyscrapers) was delayed last Tuesday thanks to the approval of a temporary restraining order by AmBase, the investment firm which is an owner of the building. 

According to a Crain’s report Thursday, AmBase has filed a lawsuit against the development’s sponsors, real estate investors Kevin Maloney and Michael Stern, alleging that the two