Zillow, Facing Big Losses, Eric Adams is Elected Mayor of NYC, In a Supertall Tower, How Much Affordable Housing Is Enough?

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Zillow, Facing Big Losses, Quits Flipping Houses and Will Lay Off a 25% of Its Staff.

In all the company lost nearly $330 million in the third quarter. The company made a $40 million profit in the same period a year ago. On Tuesday, Zillow has exited the business of rapidly buying and selling houses amid heavy losses and a plan to let go about nearly 25 percent of its employees. (Full Story)

Eric Adams is Elected Mayor of NYC

Eric Adams, a former cop who climbed from poverty in Queens to become a fierce voice for frustrated working-class voters, was elected the second Black mayor of New York City on Tuesday, positioning him to lead a city confronted by cascading COVID challenges. Let us hope he fulfills great change to NYC and all its residents.

(Full Story)

In a Supertall Tower, How Much Affordable Housing Is Enough?

The 80-story project at 130 Liberty Street, a publicly owned property known as Site 5, would include 1,200 apartments — of which 25 percent, or 300 units, would be permanently rented at below-market value — as well as office, retail and community space. Brookfield Properties and Silverstein Properties could begin construction in 2023, if approvals are met. (Full Story)

Team News

Meet Liam Smith

Liam is a student at The Parsons School of Design at The New School. He is pursing Architectural Design and has a creative eye unlike others. On his academic year off, he joins us full force while exploring his creative talents and interests.

Liam joined MET on Valentine's Day 2019, the first intern that would help our growing team. While in the city, Liam helped style and stage many apartments with Shawn Wilson. Liam can see space and the potential it holds.

Liam now works from home in Cincinnati, Ohio alongside the Marketing and Operations with Jarod Salinas-Dick. His fresh perspective and talents bring another excellent tone to harmony of the

Martin Eiden Team.

“I truly love being apart of MET. They have been like my family, always bringing smiles and joy. I reflect often on how this group of wonderful people have been a key foundation of my adult life. The team is truly one of a kind, one that radiates genuine colors. Each day brings something new to learn.”

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.

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Zillow, Facing Big Losses, Eric Adams is Elected Mayor of NYC, In a Supertall Tower, How Much Affordable Housing Is Enough?

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