The Real Deal March 2016

Vol.14 No.3 March 2016 $3.00 www.TheRealDeal.com NEW YORK REAL ESTATE NEWS Areco-opsin panicmode? 34 66Are you ready for the new 421a? Dolly’s‘minime’ takesManhattan 148 ILLUSTRATION BY JODE THOMPSON 72Condoswiththe largestpricedrops 44StephenSiegel’s... More

Vol.14 No.3 March 2016 $3.00 www.TheRealDeal.com NEW YORK REAL ESTATE NEWS Areco-opsin panicmode? 34 66Are you ready for the new 421a? Dolly’s‘minime’ takesManhattan 148 ILLUSTRATION BY JODE THOMPSON 72Condoswiththe largestpricedrops 44StephenSiegel’s doublelife + p36 Airbnb is not taking it lying down: Startup ramps up for fight of its life in NYC p50 Can the Zeckendorfs outdo 15 CPW? Brothers aim high at 520 Park, but competition is fierce p32 Vornado’s Penn Plaza ‘war room’: Huge portfolio upgrade begins in shadow of Hudson Yards p58 Less