Stuyvesant, Peter Cooper complex may be split in sale

Manhattan’s Stuyvesant Town and Peter Cooper Village apartments, the city’s largest residential enclave, could be sold in two pieces under a foreclosure proposal by lenders. Bank of America Corp. and special loan servicer CW Capital Asset Management, acting on behalf of senior creditors, asked for court approval to offer the 80-acre property in either one or two pieces in a foreclosure auction, according to a filing yesterday in US District Court. “The highest and best offer will be determined,” representatives for the creditors said in the filing.

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In real estate, short-term rentals (STRs) have carved a niche that extends far beyond the heyday of basic room rentals. This market has transformed in recent years, offering travelers a range of unique experiences while providing property owners with an appealing stream of income.

3d rendering of a row of luxury townhouses along a street

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