Real Estate Trends

When you've got billions what's $11.3 million spent on some prime NYC real estate? According to city records filed this morning, Italian billionaire (the 1,067th in the world, and the 22nd in Italy) Pier Luigi Loro Piana just purchased a stunning Carnegie Hill co-op at 980 Fifth Avenue through a listing held by Sotheby's. The Italian fashion magnate crossed the billionaire's mark just last July when he and his brother sold an 80% stake in the Loro Piana fashion line to French billionaire Bernard Arnault's LVMH for $2.6 billion. With plenty of closets in this 3BR/3.5BA, including a 100-square-foot dressing room, the Pianas will have lots of room to store some of the luxurious cashmere and wool suits and sweaters that brought their family such great wealth today. The beautiful home also boasts stunning views of Central Park, and the building itself sparked quite a bit of controversy back in 1966 when it was constructed.
More details this way

May 29, 2014

Fifth Avenue Apartment with Views of the Met Changes Hands from One Financial Pro to Another

Crunching numbers all day as one of the leading financial advisors at USB can't be an easy task, so it makes perfect sense why Louise F. Gunderson chose to make this tranquil, inviting apartment her new home. The crystal-clear views of the Metropolitan Museum of Art and Central Park Reservoir probably don't hurt either. Ms. Gunderson purchased a unit at 1035 Fifth Avenue for $4.75 million through a listing held by Lisa K. Lippman and Scott Moore at Brown Harris Stevens. The seller, Sylvan Schefler, head of the Investment Banking Department at Drexel Burnham Lambert Inc., likely had the same idea when he acquired the co-op in 1999. The large single-pane tilt and turn windows of this 2BR/3BA home let in tons of natural light and perfectly frame the uniquely Upper East Side views. High ceilings and hardwood flooring throughout are two of the lovely prewar details, while updated touches like custom built-in shelving and charming window seats create a modern, urban feel.
More on the apartment right this way

May 28, 2014

Wall Street Banker Buys Premier Park Avenue Duplex for $8.495 Million

Wall Street banker Brian Kelly and his wife Robin Foley have just purchased a gorgeous Upper East Side duplex at 830 Park Avenue for $8.495 million. Apartment 9/10B is reminiscent of a home in an Edith Wharton novel, which is appropriate because it’s managed to maintain much of its early 20th century charm even as it boasts some of the most modern finishes.
Check out this beautiful duplex here

May 28, 2014

Loft in Former Celeb Haven at 30 Crosby Street Finds a Buyer for $7.8 Million

Alicia Keys hired a crane when she moved out; Lenny Kravitz reportedly liked to show off his abs to his neighbors; Courtney Love allegedly had a little too much fun in the lobby — this is just some of the gossip from the former rich-and-famous tenants of 30 Crosby Street. In recent years, though, the residents have shifted from A-list celebrities to "everyday millionaires", and instead of Grammy-winning singers and hard-partying actresses, the Nolita building is now home to rich guys like the recent buyer of unit 3B, Justin Leverenz, Director of Emerging Market Equities at Oppenheimer, who purchased the apartment for $7.8 million, according to city records filed yesterday afternoon. The seller was music industry executive Daniel Pelson who paid $2.55 million for the home in 2001. Mr. Pelson listed the property through Town Residential’s Tinnie Sassano. What Mr. Leverenz acquired is a 4,164-square-foot, 3BR/3BA loft full of original historic details, including 19th century rough-hewn wooden columns, pinewood flooring, and exposed brick walls, mixed with contemporary additions like an Italian limestone wood-burning fireplace and a sleek, retro kitchen complete with stainless steel appliances and slab marble countertops.
Check out the rest of the digs this way

May 27, 2014

See New Renderings of Fortis’s Waterfront Residential and Hotel Development at 151 Maiden Lane

New renderings of Fortis Property Group’s mixed-use development at 151 Maiden Lane have been revealed! As reported by New York YIMBY, permits were filed last week for the new tower which will sit upon a 281,000-square-foot waterfront development site that the company purchased back in August of last year. Fortis’s new residential project will boast a 161,000-square-foot, 52-story luxury condominium with […]

May 23, 2014

Penthouse Loft at 185 Plymouth Street in DUMBO Sells for $3 Million

Just in time for Alloy's penned Spring 2014 move-in date, the north penthouse (#PHN) at 185 Plymouth Street closed yesterday afternoon for $3.08 million, according to city records. All units in the former Brillo factory are officially now sold out. Units in the coveted DUMBO property hit the market March of last year, and after managing to sell eight units in less than a week without even listing the property, Alloy decided to raise the prices of the two remaining units, #PHN and #PHS, to $3.4 million and $3.95 million respectively. But that clearly didn’t slow buyers down from wanting to lay claim to some of DUMBO’s hottest new property.
Take a closer look at these lofts that are all the rage in Dumbo

Real Estate Trends

May 23, 2014

Two Penthouses in Chelsea’s Walker Tower Sell for “Just” $30.75M

One lucky (European) buyer scooped up not one but two penthouses in Chelsea’s Walker Tower yesterday for $30.75 million, in what could easily be considered the real estate steal of the year. Toni Haber of Douglas Elliman, who represented the buyer, told the Wall Street Journal that her client “got a really good deal”, as the two units […]

Real Estate Trends

May 22, 2014

The Heights: One of Brooklyn’s Most Talked About Condominiums is Sold Out

The Heights is sold out! According to city records, the penthouse, and last available unit of the Brooklyn Heights condominium, has officially sold for $4.95 million. This extraordinary apartment at 30 Henry Street, listed by Corcoran Group's Deborah Rieders, touts one of the most expensive prices in Brooklyn, at approximately $1,730 per square foot. Getting a glimpse into this apartment is like trying to spot a rare bird, but from what we’ve gleaned, it’s pretty splendid. The luxury building replaced the home of the Brooklyn Daily Eagle, and has been the subject of a lot of speculation from the day the filings were discovered. At one point it was rumored that BKSK Architects was planning for the building to have a waterfall! From what we can see, it appears the waterfall ultimately became a fountain in the courtyard but hey, what’s a legend if not the subject of grandeur?
Take a peek inside this elusive penthouse here

May 22, 2014

Light-Filled Lincoln Center Apartment Gets Lucky New Buyer

At 3 Lincoln Center (a.k.a. 160 West 66th Street), residents have the bragging rights of living in the only residential building in the Lincoln Center of the Performing Arts complex. And wouldn't you brag too if right outside your window was the Metropolitan Opera House and Juilliard? Apartment 46A is home to the most recent boaster. Sold for $3.9 million, the 1,562-square-foot unit has splendid north - and west - facing panoramic views that can be taken in through the huge, wraparound windows. The 9.5-foot ceilings add to the bright openness of this 2BD/2.5BA apartment.
Check out all the magnificent views and interiors this way

Derek Lam Scoops Up a Light-Filled Apartment in Gramercy Park North for $4.8 Million

Hot off the sale of their Soho loft, fashion designer Derek Lam and his partner Jan-Hendrik Schlottmann just closed on a $4.8 million 3BR/3.5BA pad at 50 Gramercy Park North, according to city records filed this afternoon. The home, which was listed by Kirk and Paige at Douglas Elliman, boasts a 40-foot expanse of floor-to-ceiling windows that give the home a decidedly modern California aesthetic that is very much in the vein of a Neutra icon. Though the current decor is quite subdued, if Lam's F/W'15 line is any indication of his preferred palette, we expect that this new space will be accented with plenty of rich blues, greens, and a bit of orange.
Have a look inside the stunning apartment

May 21, 2014

$13 Million Central Park West Pad Will Make Your Head Swim

Well, if you were getting your finances together to buy the $13 million apartment at 15 Central Park West, you can get off the phone with your accountant because it's sold. Unfortunately for you, Noel Berk of Mercedes/Berk has sold the Upper West Side stunner to someone else for $13.075 million. But that’s not going to stop us from writing about it, so sit back and take in the splendor that is the apartment you just barely missed out on. Unit 15K is an absolutely astounding 3BR/3.5BA beauty, with giant windows that bathe the entire apartment with light. Upon entry to this 2,500 square-foot haven, you’re greeted with a gorgeous foyer with Venetian plaster walls. This leads to a spacious living room with huge windows so as not to obstruct your view of the Lincoln Center. There’s a dining room situated right off the living room, a perfect place to seat your guests as they spend too much time oohing and ahhing over your apartment to remember to eat. And speaking of food, let’s take a trip into this kitchen.
You won't believe your eyes when you see the view from this gorgeous kitchen, here

May 21, 2014

Beautiful Eco-Friendly Loft on Watts Street Sells

It looks like Town Residential’s Danny Davis has done it again. He has made someone fall in love with another apartment, this time at 125 Watts Street. Unit #4 is the quintessential loft experience with high ceilings, white brick walls and tons of light. This historic, pre-war building is perfectly situated in Northwest Tribeca, right on the edge of Soho. This area has those desirable cobblestone streets, not to mention having plenty of dining and shopping to appeal to your chic side, while still being situated right near Hudson River Park and Pier 25 to appeal to your athletic side. You know what they call that? Nirvana.
See what Nirvana looks like here

May 20, 2014

Catsimatidis’s 30 Year Development Plan on Myrtle Avenue is Finally Underway

Patience is a virtue; one that billionaire tycoon and former mayoral candidate John Catsimatidis clearly has in droves. Cats demonstrated this when he had the foresight to purchase a block of land on Myrtle Avenue in Fort Greene, over 30 years ago, back when the street was appropriately nicknamed Murder Avenue. Not many people would have seen the value in property in an area where Cats jokes that he had to carry two guns “just in case one of the guns runs out of bullets”. However, Cats saw it as a worthy investment. And boy was he right. A few decades and a change of zoning laws have allowed Cats to turn this once terrifying spot into the building site of 4 residential skyscrapers with retail stores on the ground floor. Not a bad deal for a piece of property purchased for under a million dollars says the understatement of the century.
Learn more about Catsimatidis' development project here

May 20, 2014

The Historic Worth Building Gets a Few New Residents

New York socialites Avi and Savar Leigh just became the proud owners of apartment #5D at 73 Worth Street. As of May 19th, the Strategies of Wealth financial planner and her businessman husband put down $2.8 million to become the new residents of the Worth Building in Tribeca's Historic District. Their gorgeous new 1,925 square-foot loft, listed by Danny Davis of Town Residential, features solid oak floors and large windows throughout. There’s a large great room situated perfectly for entertaining, and an eat-in kitchen with custom cherry wood cabinets, black granite countertops and the stainless top-of-the-line Subzero refrigerator that has become an essential to any chef’s kitchen.
Take a look inside the Savar's new home here

May 20, 2014

Picture-Perfect Apartment in the Trump International Finds a Buyer

The Donald has no shortage of high-rise real estate accolades, but the Trump International Hotel & Tower, located at 1 Central Park West, is considered by many one of his most successful developments. Adapted from a former office tower in 1997, it soars 44 stories above Columbus Circle with stunning views of Central Park and the Hudson River. The lower 22 floors are occupied by a hotel, while the upper 22 contain 158 modern, sunny private residences that are nothing short of trump-tacular. Unit 23D, which recently sold for $8.55 million through Ido Berniker at Mercer Partners, is no exception to the billionaire-worthy design. The 3BR/3.5BA apartment has 10-foot ceilings, as well as sleek modern finishes that really make the interior shine.
More about the spectacular home this way

May 19, 2014

Downtown Brooklyn Continues to Boom: Tallest Residential Tower in the Borough Now 50 Percent Leased

Downtown Brooklyn is booming across the board, and buyers are keen to get in on the changes afoot. Five months after hitting the market, Brooklyn’s tallest tower is filling out fast, with half of the units now leased. The SLCE Architects-designed residential skyscraper at 388 Bridge Street rises 590 feet, with 234 rentals and 144 […]

May 16, 2014

Has Governor Cuomo Found a Way to Fix Pier 40?

Governor Andrew Cuomo has reached a tentative deal with developers that could save Pier 40, according to the New York Times. In the new deal, Governor Cuomo would transfer unused development rights to another site on West Side Highway in exchange for $100 million to repair Pier 40. Restoration would involve gradually demolishing St. John’s Terminal Building and replacing it with residential buildings and shops over a period of 10 years.
Learn more about Governor Cuomo's deal to save Pier 40 here

Real Estate Trends

May 16, 2014

Socialites Buy a Home in the Former Building of One of New York’s Most Infamous

New York socialites Danielle and Jonathan Segal have decided to upgrade from their 2BR/2.5 co-op on 65th Street, to a gorgeous 3BR/3BA apartment… one block away. The daughter of Ilan Cohen, owner of real estate company Elite Management, and her hedge fund husband have just put down $4.77 million on apartment 2B at 133 East 64th Street, with the help of Fox Residential's listing agents Barbara Fox and Brad Loe.
Take a look inside the beautiful home here

May 16, 2014

Contemporary West Houston Street Duplex Loft Finds a Buyer

According to city records, this spacious contemporary duplex apartment at 200 West Houston Street just sold yesterday for $2 million through a listing held by Douglas Elliman's Donald Kemper. Located at the gateway to the Village and Soho, 200 West Houston Street was built in 1869 and today has 29 apartments on four floors. The stunning 2 BR/2 BA modern apartment sits on the top floor and boasts 1,800 square feet of space filled with natural light that pours in from its expansive windows and skylights.
More about the inviting space right this way

May 14, 2014

Plans to Convert the Jehovah Witness Watchtower Complex Into a High Tech Incubator Revealed!

By Ondel Hylton

Leeser Architects, designer of the Museum of the Moving Image expansion in Astoria, seems to be single-handedly upping the architecture ante in the outer-boroughs. Fresh off the heels of demolition commencing on the site of their multi-faceted 30-story Marriott Autograph Collection tower in the BAM Cultural District, Leeser may also be busy in the conversion of DUMBO's five-building Jehovah Witness Watchtower complex into a high tech incubator and residential tower.
See the renderings we've uncovered after the jump

May 14, 2014

Carnegie Hill Residents Sell Their Gorgeous Penthouse Apartment for $7.25 Million

Why anyone would want to leave this gorgeous Carnegie Hill penthouse at 1150 5th Avenue will remain a mystery for the ages. For some reason, the penthouse's former owners, Karim Rashid and Tracy Buescher, have decided to sell their beautiful 5th Avenue pad. However, someone just hit the jackpot when they scooped up the 3BR/3.5BA beauty, built in 1924 by J.E.R. Carpenter - the unsung hero of 5th Avenue. The co-op was designed by architect Charles Platt, the award winning designer responsible for Washington D.C’s Freer Gallery of Art.
Take a look inside this gorgeous penthouse here

May 13, 2014

Decorative Brooklyn Heights Brownstone Closes for $7 Million

A beautiful, Italianate brownstone at 37 Remsen Street in the Brooklyn Heights Historic District sold for $7 million through a listing held by Brown Harris Stevens. It was originally listed for $6.2 million when it went on the market in January. The buyer is Jeremiah T. Healey, former Jersey City Mayor from 2004-2013, and his wife Megan McKee Healey, a tax law professor at NYU. Built in 1899, the 25-foot-wide, 7,000-square-foot home retains a wealth of historic details including fanlight windows, cast iron vent covers, etched pocket doors, and wood-paneled chair rails. The decorative elements such as ceiling medallions, painted borders, and fancy ceiling moldings were likely to the taste of the previous owner, but they certainly add a bit of whimsy to the classical home.
More photos of the five-story regal brownstone this way

Real Estate Trends

May 12, 2014

Something to Sing About: Metropolitan Opera President Sells His Tribeca Loft for $2.8 Million

Kevin W. Kennedy, The Metropolitan Opera president (and former managing director of Goldman Sachs) and his pediatrician wife Karen have sold their stunning Tribeca loft for $2.8 million. The pair's former residence is 1,641-square-feet, and features 4 rooms, including 1 bedroom and 2 bathrooms. Large windows with wrought-iron Juliet balconies are this building’s signature, illuminating the welcoming space with its wood floors and original exposed brick walls. The deal was closed by Melinda Nix of Sotheby's. 27 Leonard Street, situated between Broadway and Hudson Street, was originally built in 1876 for William B. Lawrence, a New York Stock Exchange board member. In 2003 it was converted to luxury condominiums with a commitment to balancing privacy and entertainment.
Take a look inside the Tribeca loft here

May 12, 2014

A Jean Nouvel Chelsea Stunner Sells for $3.8 Million