SOMETHING FOR THE HAVES-
211 east 61st Sells For $6million
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Jill Zarin- Housewife
Jill Zarin from ‘Real Housewives of NYC’ lists her home for $3.2million. What do you get for that?
1956SF that’s what. Have a look at the interiors and if you likey you’ll probably also love 1970’s European porn.
[CityFile]Dorris Carr Bonfigli, the Upper East Side hostess and Bernie Madoff victim, has dropped the price of her penthouse apartment at 930 Fifth for the second time since listing it for $11.3 million last December. The elaborately-designed spread is now priced at $9.8 million. Nobody gets out of this mess untouched.
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SOMETHING FOR THE WANNA HAVES-
2009 Rental Graph By The Guru
This graph tells us it’s great news for bargain renters across the Manhattan land. For those that felt exiled to the other suburbs because of the increase in rental rates from 2007-2008 you are now no longer banished. Return to the isle immediately the landlords require your dutifull 1 year lease commitment.
In return they will bestow upon you not 1 but possibly 2 months free rent on top of the already decreased rates of 17.5%.
For those that chose to stay and take the high rate beating it is now time to tell your landlord that you are now king and what you feel the apartment you are staying in is worth. Ask for 17.5% off and you may receiveth. If not leave for a larger space for less money. Once in a while the masses do receive fair treatment. This is that time. Take full advantage while you can.
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[CityFile]Mortgage company founder Steven Schnall and his wife Sherri have dropped the price of their massive townhouse at 2 North Moore Street less than three months after putting it back on the market for $33 million. The 11,000-square-foot mansion is now listed with Deborah Grubman for the bargain price of $29 million. Get it while it’s hot! [Corcoran]
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The Apthorp Courtyard
NY Apartment Updates: THE Apthorp, one of New York’s grandest apartment buildings with a sprawling interior courtyard and vaulted limestone arches has been wracked with contentious disputes, feuding partners, lenders threatening to foreclose but now there’s calm after the storm.
[NY Times]Asking prices on the condominiums fell to an average of $1,950 a square foot from $2,400 to $3,000, at least for the buyers of the first 25 or so apartments that must be sold before the condo plan can be declared effective.
Will the many celebrities that have been considering a purchase at this noble establishment Alec Baldwin, Sarah Jessica Parker, Matthew Broderick, Tommy Mottola, return now that the dust has settled? Will they be seduced now the prices are even more affordable despite the fact that they are the only one’s who could afford them in the first place?
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NYC Apartment updates: [Cityfile]
Software titan Peter Norton has gone into contract to sell his 45th-floor apartment at Trump International
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The Milan
The Real Deal Reports-The Milan Condo on 23rd Street in Chelsea is going to need a new name.
Joining the ranks of New York City’s many “nondos,” the 42-unit conversion will remain a rental building rather than going condominium as planned.
NY Living Solutions were one of the local neighborhood brokerage houses that had attempted to help sell The Milan by bringing by dozens of potential buyers. Nick Hetherington a managing director with the East 20th Street location of NY Living Solutions stated” To date we were unable to bring about even 1 purchase at The Milan while we were successful in completing many transactions in other Chelsea condos.”
One-bedrooms in the now-vacant doorman building, where each apartment has a balcony, rent for $2,700, while two-bedroom units start at $4,100.
Nick Hetherington commented “this price structure is extremly aggressive compared to other doorman buildings in the Chelsea neighborhood. And with the new condo finishes this is an excellent opportunity for renters to find something affordable with new designs in a central location.”
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Irving Townhome Private 30' saltwater pool
New York Real Estate News update.
The Townhome
The Townhome at 57 Irving Place is the quintessential urban home. With three full floors, this unique residence features four bedrooms, five full bathrooms, and two powder rooms as well as private street and lobby entrances. Superb conveniences include a private garden, single-car garage, and a full floor of amenities complete with its own thirty-foot saltwater swimming pool, media/entertainment room and fitness spa.
Wow- That’s impressive. That makes me feel like I need to start getting up at 4am for my morning jog before embarking on a regular 12 hour day at the office before attending an evening gala or premiere opening. Either that or my parents really need to start helping me out a little more already. Whichever way the dice rolls I’ll be eagar to learn of this extraordinary home’s new purchaser. Stay tuned for further updates.
Nick Hetherington
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A queens neighborhood is boasting new recognition from a national magazine over it’s old home offering’s. NY1’s Jill Urban filed the following report.
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Time Warner Center- Home to The Ridiculously Rich-a-lous
Celebrity NY City Real Estate News:
Investor Gerhard Andlinger has sold his penthouse at the Time Warner Center for $37.5 million, making it the biggest residential deal the city has seen in nearly a year. Not that this should necessarily be interepreted as a sign the real estate market is back. The 8,300-square-foot apartment, which was sold to an anonymous buyer, had been listed for $65 million when it first hit the market last year. [NYO]• Keiko Ibi, the Tokyo-born filmmaker who won an Oscar her 1999 documentary The Personals, has put her condo at 15 Central Park West back on the market less than two years after purchasing it for $1.8 million. The one-bedroom is now listed for $3.75 million. [Cityfile, BHS]
Stephen Daldry-'Billy Elliot' Director
• Director Stephen Daldry has reportedly gone into contract to buy a red-brick townhouse in Chelsea with an asking price of “just under $5 million,” while British architect Lord Norman Foster has picked up the apartment next door to the one he already owns at 912 Fifth Avenue for $6.7 million. [NYM]
• Markus Kiersztan, the owner of MP Creative and Uniqlo’s creative director in the United States, has paid $1.8 million for a three-bedroom loft at 10 Leonard Street. [Cityfile]
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Celebrity NY City Real Estate News:
So, it all started this morning when The NY Post
ran a quick blurb on page 6 titled ‘Bargain Hunter’. Paula Froelich The Post’s mercurial gossip writer got hold of an email Kerry Washington had sent to her friends letting them know she needs an apartment while doing the David Mamet play ‘Race’. Kerry has a budget of $3000 for a furnished rental. Miss Froelich pens that is ‘a cheap apartment’. Maybe Miss Froelich could rent Miss Washington her own apartment in Soho. It’s a nice ‘cheap’ 1 bedroom in a walk up on Sullivan street.
Richard Lawson of Gawker.com also picked up on this story. His response is right on the ‘cheap’ money.
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One Of Only 26 rooms
It’s official: Madonna is an Upper East Sider, having just closed on the 57-foot-wide Georgian-style townhouse at 152 East 81st Street. Yes, yes—eww, east of Lexington Avenue, the horror, blah blah blah. The lingering mystery was how much the Material Girl shelled out, with initial reports putting her bid at $40 million (the asking price was $42 million, down from $45M). Not so, the Times’ Josh Barbanel reports.
Madge paid only $32.5 million, or $1.25 million per each of its 26 rooms. Of course, there’s also a pair of garages to preserve a bit of privacy and a 3,000-square-foot garden for the brood to stretch their legs. It’s the biggest townhouse deal of the year, but will the discount silence brokers who criticized Madonna’s big-money move to the wrong side of Lex?
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Tagged: Celebrity Real Estate
Aerial View Of The Madoff Penthouse
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The Beresford on Central Park West
SELLER: Bob Weinstein
LOCATION: Central Park West, New York, NY
PRICE: $29,750,000
SIZE: 6,500 square feet (approximately), 6 bedrooms, 7.5 bathrooms
DESCRIPTION: …A grand stairway leads to six large bedrooms, seven and one-half bathrooms, a paneled library, huge family room, formal dining room, superb kitchen, laundry room, two terraces, three fireplaces and four exposures. The numerous custom details include three zoned air conditioning and Crestron system for sound and lighting…
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Stars in Tribeca
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If you’re looking to buy real estate, there’s plenty of inventory out there these days.
But just how far will your dollar go? NY1’s Jill Urban filed the folling report on what’s on the market
for $600,000 or less.
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According to brokerage Apts & Lofts, an estimated 2,818 new apartments will enter the Williamsburg market by the end of the year, and 2,766 apartments are slated to pop up in 2010. The prediction is that rising inventory combined with new mortgage guidelines will mean many more developments falling into foreclosure. “It used to be enjoyable, exciting to open a new building. Now it’s nerve wracking,” Apts & Lofts prez David Maundrell tells The Real Deal. Only parents can save the ‘hood now. [Real Deal]
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Washington and Albany Looking North
I took a trip to this part of downtown on Sunday June 21st. You can stand looking North from this corner and the sheer volume of projects that seem to have come to a grinding halt has everyone wondering how long will it be before completion?
Remember the ads for 2010 from the LMDC?
It’s a stark reminder that even the super wealthy can be affected in drastic economic times.
Take for example Joe Moinian. A prestigious developer and #2,139 on Cityfile’s New York’s Most Notable List.
This was the latest report in ‘The Real Deal’ –
Moinian’s Tap Dance
May 01, 2009 01:34PM
Many of the properties Moinian purchased during the boom may now be underwater or are rumored to be in trouble, like his planned W Downtown Hotel & Residences.
The next example is the on going struggle of pulling down the Deustche Building on the opposite North Corner.
The Tribeca Trib’s report came out just this week.
Deutsche Demolition Could Cost $35 Million More
Officials of Lower Manhattan Development Corporation, the agency overseeing the cleaning and deconstruction of the former Deutsche Bank tower near the World Trade Center site announced they may need as much as $35 million more in public money to finish tearing down the doomed building.
Finally on the North West corner of Washington and Albany is 130 Cedar St. (It’s between Albany and
Cedar)
Who will finish first? Whoever’s last can buy drinks at the W-Hotel 5th floor lounge somewhere around 2010.
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The average sales price in the Hamptons and in the nearby North Fork market plunged 36 percent from a year ago and 25 percent from the fourth quarter to $1.1 million in the first quarter, and the number of sales were down by half year-over-year, according to Prudential Douglas Elliman.
"We track bonuses pretty closely in the Hamptons," Hoffman said.
Fat bonuses whip up the market; skimpy ones flatten it.
Take one Southampton property: It offers 13,500 square feet on five beachfront acres, a pond out back, nine bedrooms, a "wine cellar/grotto" and a $20 million discount to $60 million from a previous price of $80 million, according to StreetEasy.com.
As of late May, another house was on the market for $2.6 million, which was down 40 percent from $4.4 million. And the price of a third was reduced 34 percent to just under $2 million.
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Municipal codes make it harder
For builders to earn LEED certification
By Jennifer Landes
(03/12/2009) Government officials openly praise energy-efficient projects, but developers have run up against impediments in the state, county, and town codes to earning certification for green buildings.
Ari Meisel is a real estate developer and accredited professional in Leadership in Energy and Environmental Design, a rating system for environmentally sustainable buildings developed by the United States Green Building Council.
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By Helen Chernikoff – Analysis
NEW YORK (Reuters) – New York City real estate prices are looking increasingly shaky as instability in two of the city’s sexier submarkets — second homes in the Hamptons, and new condos in Manhattan — register the latest signs of a housing downturn.
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2 blocks from Front St- South St Seaport
What a difference a block makes
Entering the promised land
I moved from The Financial District into the East Village to the infamous Stuyvesant Town 2 summers ago after being a downtown resident since 2001. But I still spend a few evenings a week visiting my old haunts on Front Street. It was always considered that The Financial District and The Seaport would never really take off as a neighborhood. Though according to the latest reports from the last quarter 2008 close to 20,000 new residents have embarked on it becoming their new home in the past five years. There must be something these residents are doing in their neighborhood. They can’t all be living there and choosing to eat, drink and have merry in the other surrounding neighborhoods? Well maybe they can but that’s probably because they haven’t discovered Front St yet.
So other than the best rental prices plus amazing luxury buildings and lofts the reasons to live in and love The Financial District have to start with, yes, you guessed it, Front St.
It’s a hidden secret only 2 blocks North of the tourist heavy South Street Seaport. The best thing is the tourists have no idea that it exists either. I mean if the residents don’t know about it then come on. Front St had it’s rebirth once the Fish markets left for the Bronx. And after years of negotiations the local community board, the landmark preservation society and progressive architects re-designed the street. 92 residential homes were built into the existing structures that date back to the mid 1800’s. And they had retail space available for those that wanted to be part of building a new neighborhood.
You can choose from a tapas joint, 3 Italian restaurants, a brazilian fusion restaurant, a New Zealand pub, Sushi, A Steakhouse, a Wine lounge and a bar with a stellar jukebox, sawdust on the floor and cheap ass beer.
Sawdust & a great Jukebox
In fact it all started with the place with the sawdust on the floor, Jeremy’s Ale House serving since 1974. America was only 198 years old. For those that know and love McSorley’s, Jeremy’s is its close cousin.
http://jeremysalehouse.com/
Salud! came next. The Spanish Tapas Lounge-A tropical touch of Miami Beach Salud! specializes in Pan-Latino tapas and mixes a superb Caipirinha. Come bring your Salsa moves.
White Hot Spanish Delight
http://saludrestaurant.net/
For those of you that read this blog and the numbers seem to be growing when you find yourself on Front St no visit is complete without popping into Nelson Blue. New York’s first New Zealand gastro pub. People rave about this beautifully designed corner joint with outdoor seating, delicious food and super friendly service. Ask for Paulie. A burly, ruggedly handsome Kiwi, ex-rugby player who now rides his motorbike and skydives every weekend. The perfect host. And one of Front St’s great pioneers.
http://nelsonblue.com/
Maori Glory-Kia Ora!
There are other venues to discuss but I’ll add just one more both because your time and attention is precious and this newest opening is worth the visit alone.
Front Street's New Jewel
Onda. – Which is a Latin word for ‘vibe’ offers contemporary Latin cuisine inspired by multiple countries of that origin. The owner Alessandro Passante of famed ‘Naima’ on west 27th street describes his newest creation best “Our team at Onda is very dedicated and enthusiastic. We want nothing more than to share this magnificent energy with the neighborhood”.
With the rich interior setting that has the feel of a jewel box adorned by ruby’s and garnets there is much attention to detail here. Master bartenders mix cocktails with flair and if you’re a fan of bold, spicy, citrus flavors with your food you’ll find great satisfaction here. Try the appetizer Flat Bread smoked duck, manchego cheese, sherry and porcini spread or the Snapper Ceviche agave lime essence, tapioca pearls, aji panca & mint.
http://www.ondanyc.com/
I hope you give yourself the opportunity to explore this little hidden enclave where New Yorkers wine and dine on downtown’s new restaurant row.
Nick Hetherington
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Even on a rain soaked cloudy day the residents of Stuyvesant Town enjoy their private surroundings in a way that no other New Yorker can. I’ll let the pictures speak for themselves.
Tomorrow marks the start of the annual concert series at the Stuyvesant Oval. Which has had an extraordinary amount of work and manhours to bring it once again into full glorious bloom. The residents of Stuyvesant would like to thank the ground staff for their dedication.
I’ll be reporting each evening from The Oval, so for those of you who have been dying to meet me I’ll be there camera in hand.
Nick Hetherington
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It was a glorious day. And one highly anticipated. Will there be mixed reviews? Probably this is New York after all and here everyone has an opinion and for those of us that couldn’t get paid to write for an online newsjournal we’ll resort to the blogosphere. Fortunately for those reading I will spare you from having to read the typical droll and low blow comments about a beautiful new elevated park in which the blogger had invested zero time or money. How could they? They were too busy blogging.
So instead, It’s one long round of applause for the entire Highline project. Bravo. Well done. What a rare and beautiful treat the ‘Friends of The Highline’ have given New Yorkers.
The setting of course is sublime in the ever changing Meat Packing District. The walk to the entrance of the Park is full of sensory temptation from the fine perfumed mist spray of the Diane Von Furstenberg store (not sure if the mist spray is still there but is was so intoxicating) to the always full of humor Andre Balaz Standard Hotel garden bar. And now you finally arrive at the entrance, and it is stunning. The tease is that you can see the heads of the foliage and trees 40 feet in the air on the way to entrance and like any superb tease the main attraction delivers. Here are the top ten reasons to love The Highline.
Number 1. The perfect integration of steel, concrete, glass, railroad track and native plant species.
Number 2. Views to the Hudson River, with the mix of the cobblestone streets, 19th century townhouses and warehouses, 21st century condos and the power of suggestion billboards asking us to enjoy Tequilla. Um, yes please.
Number 3. The Standard Hotel. Will someone please debate me on why this is not an ingenious design. I know you’re out there.
Number 4. Native plants, one in particular that is unusually beautiful. Standing at about 4′ tall with tentacles fanning out from the stem like capillaries.
Number 5. Wooden cabana benches. Lie down, 40′ in the air and look west.
Number 6. The walkway cut through a redbrick warehouse with neon blue lights that shine from the steel girders where a friendly girl sells mixed berry iced tea in the opening.
Number 7. The glass viewing platform with wooden steps that look North up Tenth Ave. If you are a street performer this is a terrific opportunity to bring your act. It makes for one hell of a stage with two dimensions.
Number 8. The highline staff and volunteers. Thankyou.
Number 9. The thought of where I’ll spend many afternoons and evenings with friends or simply by myself. I love Central Park but this is new special.
Number 10. This is just the beginning. There’s more that await us in section 2. Stay tuned.
Nick Hetherington
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Tagged: The Highline
