Search Results for: billionaire

August 14, 2014

The Architecture of Cesar Pelli: How a Sense of Place Left a Lasting Mark on the NYC Skyline

Growing up just west of the Andes Mountains in the small town of Tucumán in northwest Argentina, Cesar Pelli wasn't exposed to the vibrant cityscapes that he today helps to shape. He got his start designing low-cost, affordable housing for the Argentine government, which helped him develop an appreciation for each project's unique sense of place. Breaking from the traditional mold of many world-famous architects, he designed buildings as a response to their neighborhoods, not as a preconceived signature aesthetic. Now, with a long list of acclaimed international projects to his name, Pelli is lauded for creating structures that honor a city's history and enrich the local landscape. And here in New York City, home to some of his most celebrated works, the Pelli mark has making an indelible impression on the architecture and real estate fields.
We dive deeper into Cesar Pelli's past, present, and future

August 14, 2014

Real Estate Wire: A Record Breaking Sale at the San Remo; NYC Gets Its First Enclosed Mall in Over 40 Years

By Diane Pham

A combo 6,000 square-foot luxury pad at the San Remo just sold for a record-breaking $26.4 million. [NYO] A 33-story tower designed by Woods Bagot is coming to Downtown Brooklyn. The new building will include a hotel and 381 apartments. [Curbed] More buyers are heading to Harlem in search of seeking cheaper luxury apartments. [Crain’s] The Mall at […]

Real Estate Trends

August 13, 2014

Spanx Founder Sara Blakely Makes $18 Million Profit on 15 Central Park West Apartment Sale

By Annie Doge

That's right, $18 million. According to city records, Spanx founder and self-made billionaire Sara Blakely sold her apartment at 15 Central Park West for $30 million, almost triple the $12.11 million she paid for it in 2008. The sale comes on the heels of CityRealty releasing its CityRealty 100 list of most expensive homes in the city, on which 15 Central Park West is listed first. The prestigious, Robert A.M. Stern-designed building has an average price per square foot of $6,288 (the Time Warner Center, which came in second has an average of $4,689) and it also holds the priciest condo sale through the second quarter of 2014 at $48 million.
More about Blakely's highly profitable sale

July 29, 2014

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

By Diane Pham

Even with the thousands of new residential units that have hit the market in the last year, there are still a handful of tried-and-true properties in Manhattan that will always be coveted by the rich, the famous, and those who just wish they were rich or famous. So which properties sit at the top of this list? We turn the CityRealty 100 for the low-down on what buildings have outdone all of the rest. Their latest report tracks the performance of Manhattan's top 100 condo buildings through the second quarter of 2014.
The top performers this way

Real Estate Trends

July 29, 2014

Pocket Listings: Secret Real Estate Listings Are no Longer Limited to the Rich and Famous

By Lauren Price

Okay, we know homes are more often than not sold through real estate agents, but did you know that more than a few are sold under the radar? That somehow, there are always a handful of residences "secretly" up for sale, and try as he/she may, your broker will never come across them on an MLS—a place where just about everybody on earth can search for a specific building or neighborhood any day of the week. Here’s the lowdown: These homes are known as "pocket listings" and though there is a signed and perfectly legal agreement between the agent and seller, the listing is never entered into an MLS for the world to see. There’s no big open house shindig; no advertising—and obviously no press splash. So, why would a seller risk more unsold days on the market instead of opting for an open listing, you ask?
Find out more here

July 16, 2014

Citigroup’s Former Chairman Sanford Weill Sells His Maid’s Quarters for $5.34M

By Diane Pham

It's great being Sandy Weill, and apparently it's also pretty good being his hired help. According to city records, the former Citigroup chairman just sold off his servants quarters, a lovely little sixth floor pad at celeb favorite, 15 Central Park West. The sale of 6H rang in at an impressive $5.337M — more than five times what Weill paid for it back in 2007. But Weill is no stranger to making big bucks on his real estate deals. Back in 2011 he sold his apartment in the same luxury tower for a record-breaking $88M to Katerina Rybolovleva, the young daughter of Russian billionaire Dmitriy Rybolovlev.
More details here

Real Estate Trends

July 11, 2014

$10.6 Million Sale on Fifth Avenue Features City Views Like Artwork

By Aisha Carter

The opulent former estate of New York socialite Monica E. Hollander has sold for over $100K over asking, according to city records. The 980 Fifth Avenue co-op was on the market for roughly 6 months before a couple scooped up the gem. Warburg Realty’s Wendy Greenbaum held the listing and we’re guessing she used the apartment’s two most famous neighbors--Central Park and the New York City skyline—as a huge selling point.
Take a look inside, here

July 9, 2014

Real Estate Wire: A Bushwick Factory to Get New Life as Condos; A Peek Inside Norman Foster’s 425 Park Ave. Design

By Diane Pham

Our wrap-up of today’s real estate news highlights: Williamsburg-based development firm ASH NYC is planning to turn a longtime Bushwick glass factory into 80 apartments with ground floor commercial space. [Wyckoff Heights] Freddie and Fannie are warding off any “vultures” eyeing Stuy Town. The two mortgage giants say that they won’t provide funds to buyers who […]

Real Estate Trends

July 2, 2014

Demolition Permits Filed at 101 Murray – The Site of Downtown Manhattan’s Future Tallest Condo

By Ondel Hylton

Demolition permits have been filed with the Department of Buildings for the tallest condominium building south of 'Billionaires' Row.' The approximately 950-foot tower revealed by real-estate blogger YIMBY last month will house 129 condos within a dramatic champagne flute-like design by the architects Kohn Pedersen Fox Associates. Tentatively named 101 TriBeCa, the uppermost floorplates increase in size to take greater advantage of views uptown and towards the river that most likely will remain unobstructed years to come due to restrictive zoning in TriBeCa and Battery Park City.
more on the new tower here

June 30, 2014

Real Estate Wire: NYC Real Estate Is the New Swiss Bank Account; SHoP to Design Brooklyn’s Tallest Tower

By Jon Dioffa

Today’s real estate highlights in one digestible bite: Kim and Kanye leaving Cali? The pair were spotted penthouse shopping downtown. One of their stops included this stunner at 215 Sullivan Street. [NYP] Jeff Koons got the OK to build a mega-mansion at 11 and 13 E. 67th Street. Koons’ new pad will measure 19,325 square feet and Peter […]

Real Estate Trends

June 27, 2014

Daily Link Fix: A 3D Desk Made of 2D Graph Paper; Google Wants Apps for Cardboard

By Aisha Carter

One57 Gets its First Residents: If you haven’t heard of One57 you’ve probably been living under a rock. Well, the NY Times is here to lift that rock with an update of the “Billionaire’s Row” building, along with some residents who have already moved in. Extell’s $65 Million Townhouse: The NY Daily News spotlights Extell’s […]

Uncategorized

June 25, 2014

Weekly Market Snapshot: The Week of June 25, 2014

By Diane Pham

During the week May 26th, NYC saw 254 condominium and cooperative sales, averaging $2.3M and $1.5M a sale respectively. The three most expensive closings were on the UES and in Nolita. Egyptian billionaire Nassef Sawiris made history with his $70M penthouse buy – the most ever paid for a co-op. In celeb real estate news, new-age author and physician Deepak Chopra ditched his mediocre Park Imperial pad and even managed to make more than a million dollars in the process; Simon Cowell on the other hand put down $10.85M for his family's new ultra-luxe UES home. Industrial Revolution: While designers (and developers) are favoring ridiculously tall glass towers, architect Morris Adjmi is returning to the fundamentals by designing subtly distinct, timeless buildings that blend seamlessly into their historic neighborhoods. We profile Adjmi in this week's issue. For market trends, top residential sales, celeb real estate news and a look at those (architects) who dare to be different, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
Get the full report here

Uncategorized

June 12, 2014

Walmart Heiress Alice Walton Buys a $25 Million Park Avenue Pad

By Diane Pham

Walmart heiress, philanthropist, and the 14th richest person in the world, Alice Walton, will be moving into a $25 million duplex condo at 515 Park Avenue. The Post reports that the Walton claimed the 30th and 31st floors of the Lenox Hill co-op building — a unit with 6,346 square feet of space hosting five bedrooms, six bathrooms, a grand staircase, and 52 windows that offer up panoramic views of the city. 515 Park also has its own exclusive kitchen and caterer, Chef Daniel Boulud, and 15 private, climate-controlled wine cellars.
Take a look inside here

June 6, 2014

Egypt’s Richest Man Scoops Up the City’s Most Expensive Co-op for $70 Million

By Diane Pham

David Geffen has been dethroned as the person to have spent the most on a co-op in NYC, ever. Egyptian billionaire, a.k.a. the richest man in Egypt, Nassef Sawiris closed on the pad at 960 Fifth Avenue this afternoon through a listing held by Brown Harris Stevens. The penthouse apartment was originally going for $65 million earlier this spring, but power brokers Mary Rutherfurd and Leslie Coleman of Brown Harris Stevens managed to squeeze an extra $5 million out of Sawiris in a bidding war. Funnily enough, 960 has been cited as one of the city's 'A-plus' buildings, and in 1997 a New York Times article wrote that most residents in the building "are worth over $100 million" and that apartments cost about $15 million — my how times have changed!
Take a look inside the opulent apartment here

May 20, 2014

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

By Aisha Carter

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

Picture-Perfect Apartment in the Trump International Finds a Buyer

By Dana Schulz

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

April 24, 2014

Wall Street Bigwig Purchases Park Ave Co-op for $22 Million

By Annie Doge

Society couple Pamela Farkas and Andrew Paul have finally found a buyer for their co-op at 820 Park Avenue. The duo placed their property on the market last September, and it looks like Wall Street exec Matthew Cherwin, who was recently named co-head of JPMorgan’s Global Credit, Securitized Products and Public Finance, and his wife, Wendy Cherwin, handed over $22 million for the digs. The interiors of the duplex are definitively Upper East Side, and the residence boasts five bedrooms and 180-feet of Park Avenue frontage.
A look Inside the luxury home here

Search Results for: billionaire

Pitch a Story

Interested in seeing the property in person?

Interested in seeing the property in person?

Distinctive Post Form

Get in Touch

Send us a Tip

Interesting in learning more about purchasing a new home?

Thinking about selling your home?

Sell a Home (Footer)

Before You Move On from this Page.

Your Daily Doseof NYC Life!

Before You Move On
from this Page.

Your Daily Dose
of NYC Life!