Real Estate Trends

Puff Daddy, P. Diddy, Sean Combs—whatever you want to call him—has re-listed his 2,292-square-foot Park Imperial loft for $7.9M. The new listing sees a $500K price reduction. [Curbed] New York is lagging other major cities in its pace of residential construction. Permits for 17,995 new housing units were issued in 2013—a little more than half […]

Real Estate Trends

August 11, 2014

Bloomberg L.P. CEO Dan Doctoroff Sells Upper West Side Mansion for $11 Million

Looks like the De Blasios aren't the only mayoral figures making moves. Dan Doctoroff, former Deputy Mayor and current President & CEO of Bloomberg L.P., has sold his Upper West Side townhouse at 309 West 91st Street for $11.25 million, slightly less than the $13 million asking price from when the home went on the market in November 2013. He and his wife Alisa purchased the mini mansion in 1994 for $1 million out of foreclosure and then put millions into a gut renovation. The five-story, stately townhouse was built in 1896 by Clarence True, one of the most prominent architects on the Upper West Side around the turn of the century. It is one of a row of seven limestone masterpieces that feature True's signature low-stoop façade. The Doctoroffs had the home impeccably restored by architect Oliver Cope and designer Victoria Hagan, down to every last elegant detail, including four wood-burning fireplaces, a winding sky-lit staircase, and spectacular crown moldings.
Check out more of the 6,400-square-foot townhouse

August 8, 2014

Real Estate Wire: Hyatt Pays $390M for Full Stake in One57; Two Trees to Spend $10M to Preserve Domino Factory Relics

Two Trees Management is throwing down $10M to salvage industrial artifacts from the Domino Sugar Factory. [Curbed] A look inside Brooklyn’s John Street Condos. [Curbed] PRD Realty is trying once again to file a mixed-use rental plan for a site near the Barclays Center. The developer was rebuffed two years ago by neighbors who were against […]

Real Estate Trends

August 8, 2014

Olympic Figure Skater Sasha Cohen Snags a Pretty Plain Waverly Place Pad for $1.6M

By Annie Doge

It looks like Olympic figure skater Sasha Cohen will be boxing up all her medals for a move to the West Village. According to city records, Cohen is leaving her Times Square pad for a corner one-bedroom apartment at 136 Waverly Place. Cohen dropped $1.595 million for the pre-war digs, which are much more quaint and simple that what we'd expect for the skating star who had a Project Runway episode dedicated to designing a skating dress just for her.
Peek inside the home here

August 8, 2014

Humberto Leon is Second Opening Ceremony Cofounder in a Week to Buy a Brooklyn Townhouse

Last week we learned that Opening Ceremony cofounder Carol Lim picked up a $3.43 million Prospect Heights townhouse, and it looks like her partner Humberto Leon got a bit of apartment envy, because he too just purchased a brownstone in nearby Park Slope. The two fashion magnates met 19 years ago at the University of California, Berkeley and have been joined at the hip ever since, turning their brand into an international destination for streetwise style. So it's no wonder that their homes share a few similarities; both are four stories, have picturesque backyard spaces, and retain a good amount of historic details. According to city records, Leon nabbed his new digs at 758 Union Street for the asking price of $2.85 million.
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August 7, 2014

Real Estate Wire: Dedicated Graffiti Space on the Condos Replacing 5Pointz; New Brooklyn Bridge Park Towers Get the Go Ahead

14 new proposals were unveiled for Pier 6 at Brooklyn Bridge Park yesterday, and despite local outrage over the development’s inclusion of affordable housing, the project will move ahead. [Curbed] 5Pointz site owners Jerry Wolkoff and his son David have released images of the space they’ve reserved for graffiti art. But will artists abide to […]

Real Estate Trends

August 7, 2014

Beatrice Trussardi Buys Appropriately Fashionable Police Building Pad for $2 Million

Beatrice Trussardi does much more than sit alongside the runways at Fashion Week. In addition to running the internationally successful, Italian fashion label Trussardi that her late father Nicola Trussardi founded, she heads the Nicola Trussardi Foundation, a nonprofit that promotes contemporary art and culture. And now she can add "New York City homeowner" to her roster of titles. Ms. Trussardi just snatched up unit 3K at 240 Centre Street, the historic landmark known as the Police Building, for $2,147,500, according to city records. The one-bedroom Nolita apartment is chic and contemporary, and we'd expect no less for such a fashion-forward gal.
Check out the fashionable digs

August 6, 2014

Real Estate Wire: 15 Hudson Yards Gets a Makeover; Tips for Buying Waterfront Property in NYC

Diller Scofidio + Renfro gives 15 Hudson Yards gets a makeover, taking away some of its flair. [NY YIMBY] 9 things you should know before buying a waterfront property in NYC. [DNA Info] A map of the 1,100 affordable housing units coming to Downtown Brooklyn. [DNA Info] The nation of Qatar has backed out of a […]

Real Estate Trends

Liberty Lofts Penthouse with Massive Master Suite Sells for $6 Million

Compromise is so overrated. Why not just have it all? Well, when you live half a block from New York City’s most iconic park and equally close to the city’s cultural hub, having it all is more than just a dream. It’s a reality. And it appears that two New Yorkers have decided it’s a reality they want a piece of, because according to city records, they just paid $6 million for the Liberty Lofts Penthouse 9B.
See what having it all looks like, here

August 6, 2014

Performance Artist Marina Abramović Sells her Urban Glass House Apartment for $3 Million

You might have expected the apartment of Marina Abramović to be intense and dark with large, empty spaces for the world-renowned performance artist to create her highly experimental work, but instead her home is pleasant and light-filled with contemporary furnishings and pops of color. She's leaving the two-bedroom, corner unit at the Urban Glass House, though, as it's sold for $2.995 million, according to city records.
Take a look at the apartment here

August 5, 2014

Real Estate Wire: Ismael Leyva’s Design for a High Line Condo; Bed-Stuy Real Estate is Red Hot

First look at the Ismael Leyva-designed, Related Companies-developed condominium planned for West 30th Street between Tenth and Eleventh Avenues, a site that overlooks the High Line Park. [Curbed] Jonathan Miller pinpoints two new records for NYC: The average sales price for NYC residential real estate (co-ops, condos and 1-3 family sales) reached a record $975,441 for 2Q 2014; […]

Real Estate Trends

August 4, 2014

Mythbusters: Shedding Light on 80/20 Affordable Housing and ‘Poor Doors’

By Lauren Price

There’s been lots of chatter on the street and in the media on the subject of “poor doors” in new developments for those who have qualified for affordable housing. And though this subject has created quite a bit of controversy, it's actually not quite what it seems. Rather than being outraged that our city allows real estate developers to “discriminate” against those who could never consider paying for the privilege of residing in their latest and greatest luxury building, naysayers should think about reading up on exactly what affordable housing is and isn’t—“rich” home seekers having an edge over the so-called “poor.”
We look at 80/20 and the 'poor door' controversy here

August 4, 2014

Real Estate Wire: A Walker Tower Flipper Eyeing a 75% Profit; The Top 300 US Architecture Firms

The owner of a 3BR/4.5BA duplex with a terrace in the Walker Tower is looking to sell their $14.26M duplex for $25M. [Curbed] Architectural Record has released its annual list of the “Top 300 Architecture Firms” in the United States. Results are based on architectural revenue from 2013. [Architecture Record] Developers are having trouble filling […]

Real Estate Trends

August 4, 2014

Philanthropists Joe and Carol Reich Sell Central Park West Condo for $16M

Philanthropists Joe and Carol Reich have sold their Central Park West condo, according to city records, and when we say this place is fit for a king, we’re not exaggerating. The couple’s $16 million former duplex actually resides in the Prasada, which is one of the most prominent buildings in the city and one of the three buildings that solidified Central Park West as a prestigious avenue. In fact, this Beaux-Arts beauty—designed by architectural duo Charles W. Romeyn and Henry R. Wynne—was one of the first high rises to attract wealthy New Yorkers back around the turn of the century when townhouse living was the norm. But what else would you expect from a place that was commissioned by the King of Spain? See? We told you we weren’t exaggerating.
Take a look inside this royal estate here

August 4, 2014

Greenland Forest City Partners Selects COOKFOX and Thomas Balsley for Pacific Park Brooklyn (Formerly Atlantic Yards)

Forest City Ratner Companies and Greenland USA, a subsidiary of Shanghai-based Greenland Group, announced today that their new joint venture, Greenland Forest City Partners, has selected COOKFOX Architects to design two residential buildings at their Pacific Park Brooklyn project. They've also chosen Thomas Balsley Associates to design the site's eight-acre public park, which will be called Pacific Park. Formerly known as Atlantic Yards, Pacific Park Brooklyn will be a 22-acre site anchored by the Barclays Center and containing 8 million square feet of mixed-use development. The public park will be revealed in phases, with permanent and temporary installations. COOKFOX has begun the design for its two residential buildings-- 550 Vanderbilt Avenue, set to feature 275 condominiums, and 535 Carlton Avenue, which will have approximately 300 affordable rentals. Construction is expected to begin on the latter this December, with 550 Vanderbilt not far behind. A third residential building will be designed by SHoP Architects, who were the minds behind the Barclays Center, at 30 Sixth Avenue with another 300 affordable rentals.
Much more on the project here

August 1, 2014

Real Estate Wire: Three Towers to Top the East River Plaza; New Yorkers Vying for Homes on Busy Streets

Meadow Partners has released a rendering of its Long Island City conversion project at 42-15 Crescent Street. The project will see an 11-story condominium with ground floor retail. [CO] The three towers planned to top the East River Plaza mall have been uncovered. The project is being developed by Blumenfeld Development Group and Forest City […]

Real Estate Trends

July 31, 2014

Real Estate Wire: Chelsea Market May Get an Extension; United Charities Building Could Fetch $128M

Chelsea Market may expand with a 330,000-square-foot addition. New renderings see the brick structure topped off with a block of glass and steel. [Curbed] The city’s Economic Development Corporation will begin installing greenery and seating in Downtown Brooklyn’s Fox Square. The project kicks off in August and will take 6 months to complete. [CO] Queens Borough President Melinda Katz […]

Real Estate Trends

July 31, 2014

Sharif El-Gamal Commissions Jean Nouvel to Design Islam Museum Next to WTC

Sharif El-Gamal, CEO of real estate developer Soho Properties, announced today that his company acquired 49-51 Park Place from Consolidated Edison for $10.7 million. He also confirmed that none other than Pritzker Prize-winning starchitect Jean Nouvel will be designing the site's three-story Islam museum and prayer space.
More on the breaking development

July 31, 2014

Seasoned Real Estate Couple Grab Eclectic Central Park West Apartment for $5.3 Million

It must have been a nice change of pace for Stephen Yalof to look for residential properties instead of the retail spaces he scoped out for 12 years as Senior Vice President of Real Estate for the Ralph Lauren Corporation and now as CEO of Premium Outlets. Though for his wife Liora Yalof, a broker with Corcoran, it was likely just another day at work. The couple paid $5.3 million for their new three-bedroom home at the St. Urban on Central Park West. Apartment 11E is an eclectic mix of historic details and global-inspired décor, perfect for such a well-rounded real estate pair.
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July 31, 2014

Charming Italianate-Style Townhome in Fort Greene Sells for $3.3 Million

The one-to-two family dwelling at 20 South Oxford Street must have made quite an impression on a few buyers. An apparent bidding war drove the price up from its initial $2.65 million asking to a final sale price of $3.3 million, according to city records. Located on a quiet, tree-lined street in the Fort Greene Historic District, this three-story Italianate-style home has a garden-level apartment with a separate entrance that can serve as an income suite or a fourth level. In addition, the home boasts high ceilings; a large backyard accented by a 123-square-foot deck; and many original details from its 1854 inception, including original marble mantles on each of the home’s six decorative fireplaces.
Take a look inside, here

July 30, 2014

Real Estate Wire: Sales Launch at Chetrit’s Midtown Tower; Views from the Top of 432 Park

An Italian family has scooped up the NYC Church Missions House for $50M-plus. Luxury condos and retail are reportedly planned at landmarked 281 Park Avenue South structure. [TRD] LIVWRK has closed on a Red Hook building for $21.5M. The property recently housed a ship engine repair company. [CO] Vornado puts 1740 Broadway up for sale. The real […]

Real Estate Trends

July 30, 2014

Late “60 Minutes” Anchor Mike Wallace’s Estate Sells for $13 Million

After nearly two years on the market, Mike Wallace’s estate has finally sold, for a significant discount, according to city records. The home was initially placed on the market after the anchor’s death in 2012, asking $20 million dollars, a far cry from its closing $13 million sale price. Occupying the 15th and 16th floors of the distinguished 730 Park Avenue—a white-gloved Jacobean/Tudor style co-op designed by F. Burrall Hoffman, Jr. and Lafayette A. Goldstone--this 4BR/4.5BA duplex, offers plenty of light, gorgeous city views, and original prewar details.
Take a look inside the anchor's former home here

July 29, 2014

Blue Chip Buys: 15 Central Park West Is New York City’s Most Expensive Building, Other Contenders