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This Week in Real Estate Numbers


130 years --> The maximum sentence for former New York State Assembly Speaker Sheldon Silver, who was found guilty on seven criminal counts in a corruption trial.

90% --> The percentage of energy costs that will be cut at Cornell's Euro-inspired high-rise tech campus on Roosevelt Island. Hudson and Related are developing the 270-foot-tall "passive house" building, which spans 272.5k SF, with special materials and insulation to keep the interior at a consistent 55 degrees—even during the winter and with little power.

$2B --> Valuations expert Peter Schwartz's estimate of the value of the Brooklyn Nets and the Barclays Center. Russian billionaire Mikhail Prokhorov and real estate developer Bruce Ratner’s Forest City Enterprises just announced an agreement, granting Mikhail full sole ownership in both. 

$39M --> The settlement Target made with MasterCard and other financial institutions Wednesday over the 2013 hack of info from over 40 million of its customers' credit and debit cards.

220 --> The number of employees Forest City Ratner may lay off from its newly formed modular division. 

$21B --> The estimated value of Macy’s real estate holdings, according to Starboard.

324 --> The number of construction workers injured in the last fiscal year during NYC's rapid construction boom, raising questions about the adequacy of safety measures and regulations.

6,073 --> The number of new units expected to be built in Brooklyn in 2016. This will give the NYC borough more available apartments than any other submarket in the US.

170 --> The number of guest rooms (featuring private balconies, and floor-to-ceiling windows that offer sweeping views of cityscapes all around) at the $200M, 12-story Waldorf Astoria Beverly Hills.

80,000 --> The number of new affordable units of housing expected to be created in Mayor Bill de Blasio's citywide rezoning plans. 

$1B --> The value of properties that the US could lose from flood damage to commercial real estate properties by 2050.

$730K --> The amount Related Cos has spent in lobbying fees related to the viability of the EB-5 visa program. The company has $600M in EB-5 financing for its Hudson Yards project. 

$5.11k --> The amount the typical NYC Airbnb lister makes for renting their space out for five nights a month. 

14 --> The number of foreign locations WeWork will have after opening new announced locations in Shanghai and Berlin.

1,800 --> The number of NYC apartments that will be returned to rent stabilization by Gov. Andrew Cuomo, Mayor Bill de Blasio and State Attorney General Eric Schneiderman.

$1.7B --> What RXR Realty's Scott Rechler plans to pay for a 39-story office tower at 1285 Sixth Ave from AXA Financial and JPMorgan Chase. The sale, if it goes through, would be one of the largest deals for a single New York City building ever.

$629B --> The amount private equity funds are expected to raise this year, hitting their highest annual total since 2008. 

$607 --> The monthly rent for a single-person room in the 36-story Yorkville building at 205 East 92nd St, which has launched the housing lottery on its affordable units.  The Related Cos-developed building has a total of 231 units, out of which 47 have been set aside for affordable housing.

$45B --> The amount of multifamily loans Freddie Mac is estimated to have financed this year.

$300k --> The amount of cash American Express has granted to restore and repaint the deteriorating steps of Wall Street's Federal Hall National Memorial.

$6B --> The capital McDonald's raised after selling a record amount of debt back to shareholders.

12 --> The number of buildings that will account for almost half of new construction sellouts in New York City, according to CityRealty data.

$1 --> The annual cost for a plot of public land that the LA City Council leased for the construction of a permanent home for the Korean American National Museum.