Market Snapshot: The Week of May 9, 2014

By Diane Pham, Fri, May 9, 2014

  • In the race to the top, which “blue chip” condominium building can call itself the best of the best? 15 Central Park West? One Madison? Or Does Donald Trump’s tower along 5th Avenue reign supreme?
  • Multi-tasking: Janet Jackson may soon be able to add the title ‘landlord’ to her resume.
  • Which neighborhood has the most coveted real estate? Tribeca, the Flatiron District, Soho, or the West Village? Give us your best guess in the comments, and find out what buyers have been willing to fork over per square foot in our report.

For top sales, celebrity moves, and neighborhood market news, we turn to CityRealty‘s CR100 Quarterly Report for the scoop.

Check out the full report for the latest

Interiors, Recent Sales, Soho

  • By Aisha Carter
  • , May 9, 2014

Remember the story of the ugly duckling and how she grew up to be a beautiful swan? Well, imagine that happening and still having to sit on the market for over a year. That’s what happened to Kelly Ripa and Mark Consuelos’s masterfully renovated Soho loft at 76 Crosby Street.

Before we get into why this breathtaking hideaway sat on the market for so long, let’s take a moment to admire this 5BR/4.5BA beauty. As if 6,792 square feet of dark-stained white oak floors and 12-foot ceilings flooded with light isn’t enough, this place also features 2 media rooms, 2 home offices, and a playroom. So there’s plenty of room for work and play for the entire family.

Lose your breath with more stunning photos of the gorgeous apartment here

Financial District, Interiors, Recent Sales

  • By Dana Schulz
  • , May 9, 2014

Have you ever walked into a house and thought to yourself, “How do they keep it so clean?!” This is one of those houses. From the pure-white Italian lacquer cabinetry to the dark ebony wood floors, unit 52D at the W Downtown Hotel & Residence exudes impeccable sleekness.

According to property records, the unit, which has never before been lived in, recently sold for $2 million. The sophisticated black-and-white interior design is contemporary, yet inviting. All furnished condos were designed by Louise Sunshine’s Sunshine Group, whose motto is “all square feet are not created equal.” Here this rings true, as each piece in the home is thoughtfully placed — the oversized steel lamp compliments the low marble coffee table in the living room, and plush, neutral fabrics warm up the bedroom.

design details this way

Architecture, New Developments, Noho

  • By Carter B. Horsley
  • , May 8, 2014

If you’ve spent time in the NoHo Historic District and Extension, then you’ve probably notice that there are two highly visible voids in the short stretch between Broadway and the Bowery — a destination that has become one of the city’s most interesting and admired architecture ensembles. The city is about to get a new architectural gateway in this locale, situated at the intersection of Lafayette and Bond Streets. The new gateway will consist of two quite similar, small, new residential buildings designed by different architects on the north side of Bond Street.

More on the new buildings and our city’s gateways here

Coney Island, Furniture, Red Hook

When Coney Island was torn up in 2010 to make way for the glitzy new Luna Park, a part of its history was ripped out: the weathered, decades-old planks of the beach’s iconic boardwalk. Luckily, two Red Hook-based designers — Jason Horvath and Bill Hilgendorf of Uhuru Design — took in the landfill-destined wood and used them to build functional pieces for the home.

Check out more of the cool pieces

Daily Link Fix

Images: Demi Moore  (left), Rob Reiner (right)

Architecture, Midtown East

Though the famous marble lions that stand guard over the iconic Beaux-Arts building at Fifth Avenue and 42nd Street aren’t talking, the patience and fortitude of scholars and professors all over the tri-state area may have played some role in the shelving of a $300 million renovation plan for the New York Public Library’s flagship location.

In the midst of three lawsuits and regular protests on the library steps, the library reversed course on revamping the midtown Manhattan building (which celebrated its 100 year anniversary in 2011) and moving 1.5 million books to New Jersey, a move that brought a sigh of relief to researchers worried about delays in gaining access to essential publications.

What shelved this $300 million renovation?

Green Design, Noho, Recent Sales

  • By Aisha Carter
  • , May 8, 2014

It may not be easy being green but it sure is pretty. The new owner of Matthew Blesso’s famously renovated Noho Penthouse at 684 Broadway would likely agree. Blesso purchased the penthouse apartment back in 2006 from architect Hugh Hardy, then he proceeded to gut renovate the entire thing with the help of Joel Sanders Architect. Ow. Blesso’s vision was to create a pad sustainable enough to draw Thoreau himself to the concrete jungle.

The apartment, listed by the Corcoran Group, is definitely in tune with mother nature with FSC-certified wood throughout, including its hardwood floors. Floor-to-ceiling windows keep it connected to the outside world, and just looking at the place makes you want to do a sun salutation. Well, if tables made from fallen trees and an original mural by artist Doze Green isn’t enough to convince you of the commitment of this apartment to green living, the roof deck definitely will.

Check out more photos of this urban oasis here

Recent Sales, Upper West Side 

  • By Aisha Carter
  • , May 8, 2014

Valerie Mnuchin, daughter of former Goldman Sachs exec and current art dealer Robert Mnuchin, has just become the proud owner of a gorgeous 4BR/5.5BA penthouse on the UES. This three story apartment, redesigned in 1953 as a collaboration between original developer Henry Mandel and architects John Sloan and Albert Nast, has retained much of its pre-war charm with an original wood paneled library and a tromp l’oeil ceiling.

The opulent triplex, occupying the 15th-17th floors of 898 Park Avenue, features views of the city right from it’s brightly lit formal dining room. The views don’t stop there either. The entire apartment is outfitted with large windows, most notably the ones that line the walls of the 16th floor, showcasing a wraparound terrace large enough for plush lounging furniture and plenty of foliage. And while we’re on the topic of the plentiful, let’s discuss the insane amount of storage space in this 4,100 square-foot mansion disguised as an apartment. Each of the apartment’s four bedrooms comes with an abundance of closet space and an en-suite bathroom.

Check out more of this dream home here

Flatiron, Manhattan, Recent Sales

  • By Dana Schulz
  • , May 8, 2014

Two blocks north of Madison Square Park in Manhattan’s increasingly trendy NoMad (north of Madison Square, if you’re not up on your neighborhood acronyms) neighborhood is 241 Fifth Avenue, a 20-story boutique residential glass tower. Part of the Madison Avenue North Historic District, the building was designed by Perkins Eastman Architects and received landmarks approval in 2007. It was completed in 2013, and according to public records, its penthouse unit just sold for $8 million. Core originally held the listing at $9.75 million.

Check out the views


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