Search Results for: billionaire

April 30, 2025

432 Park owners sue again over alleged facade crack cover-up

Owners at the supertall condo 432 Park Avenue are suing the building's developers again. The Midtown East tower's condo board on Friday filed a lawsuit against developers Harry Macklowe and CIM Group, alleging they knowingly concealed widespread cracking in the building's concrete facade from buyers and inspectors as part of a "deliberate and far-reaching fraud," as first reported by Crain's. The board is seeking $165 million in damages, along with punitive damages and compensation for losses tied to declining property values caused by flooding and erosion from the cracks.
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April 30, 2025

$1.78M Midtown condo is a renovated pre-war gem with designer details and old-world amenities

It's somewhat surprising to find that the elegantly-named Parc Vendome at 340 West 57th Street is a condominium; its old-world charm brings to mind the city's classic pre-war co-ops. In addition to condo convenience, this 14th-floor one-bedroom home offers 1,200 square feet of living space, modern renovations with a designer's eye, and a genteel collection of building amenities that range from a doorman to a private dining room. It's now on the market for $1,775,000.
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April 28, 2025

This $75M Chelsea penthouse includes the city’s largest private outdoor pool

When we behold corporate executive/real estate investor David Weinreb's west side trophy penthouse at 551 West 21st Street, a few questions may arise: Why does someone need three elevators? Do we want to walk through the wine closet to get to the living room? Is the West Side Highway a $75 million streetscape? And could we perhaps have done better than artificial turf for the 4,000-square-foot rooftop terrace? That said, if you're listing your penthouse for $75 million, in addition to city and river views for days, you'd really better have the largest private outdoor pool in New York City, and Jean-Georges Vongerichten had better have designed your kitchen. This box seat in the stadium of Manhattan living covers those must-haves and many more.
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April 16, 2025

Jessica Chastain’s Osborne co-op returns to market with nearly $1M discount

Actress Jessica Chastain's stunning home in The Osborne is back on the market for nearly $1 million less than the original asking price. Last year, the sprawling four-bedroom apartment at 205 West 57th Street in Midtown West, which once belonged to Leonard Bernstein, was listed for $7,450,000. Nearly a year later, the apartment has been relisted for $6,499,000.
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April 3, 2025

Penthouse at 111 West 57th Street hits the market for $110M

The penthouse at the very top of supertall skyscraper 111 West 57th Street has hit the market for $110 million. Taking up four floors of the Billionaires' Row tower, the "quadplex" apartment measures a palatial 11,480 square feet, with over 600 square feet of outdoor terraces. The residence is currently New York City's most expensive property publicly listed.
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March 14, 2025

NYC’s 10 best-selling residential buildings of 2024

A new report from CityRealty reveals New York City's best-selling residential buildings of 2024. Last year's total sales by dollar amount remained just under $22 billion, falling below the 10-year average of $26.9 billion, likely due to high interest rates and global uncertainties. But the luxury market remained strong, with the majority of best-selling buildings being all new developments, including One High Line and Aman New York Residences, which top the list. As CityRealty notes, the 30 top-selling buildings in Manhattan accounted for $4.4 billion in sales, 992 units sold, and 20 percent of the borough's total apartment sales by dollar volume.
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March 14, 2025

$8B Citi Field casino and park proposal gets zoning approval from NYC Council

New York Mets owner Steve Cohen's $8 billion casino proposal near Citi Field cleared a major hurdle this week. On Tuesday, the City Council voted 41-2 in favor of zoning changes for the Metropolitan Park development, a sports and entertainment complex planned for 50 acres of parking lots around the Mets stadium. While the approval grants Cohen and his partners the ability to make zoning changes on the site, which sits on city parkland, the project still requires approval from several local and state officials.
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March 5, 2025

Rudy Giuliani relists Upper East Side penthouse with $1.4M price cut

Rudy Giuliani has relisted his Upper East Side penthouse with a $1.4 million price cut after settling his legal battle with two Georgia election workers. In October, a judge ordered the former New York City mayor to turn over his possessions, including his apartment at 45 East 66th Street, as part of a $148 million defamation lawsuit he lost in 2023. Last month, a settlement was reached allowing Giuliani to keep his apartment and other belongings in exchange for an unspecified compensation for the two election workers. Now the disbarred lawyer and former Trump advisor is trying again to offload the three-bedroom home for $5.175 million; he first listed the property for $6.5 million in 2023.
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February 26, 2025

Ken Griffin pays $45M for Julia Koch’s prestigious Park Avenue co-op

Billionaire Ken Griffin has added another exclusive address to his real estate portfolio. The Citadel founder bought a palatial co-op at 740 Park Avenue, one of New York City's most prestigious cooperatives, from fellow billionaire Julia Koch for $45 million, according to the Wall Street Journal. The deal marks one of Manhattan's most expensive co-op sales on record, as CityRealty noted. Koch purchased the home with her late husband David Koch in 2004 for $17 million and originally listed the property in 2022 for $60 million.
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February 13, 2025

Trump takes back $80M in funding intended for NYC migrant shelters

President Donald Trump took back $80 million in federal funding from New York City that was intended to cover some of the costs related to housing migrants. On Tuesday, City Comptroller Brad Lander's office noticed that $80 million in Federal Emergency Management Agency (FEMA) funding, awarded by the Biden administration and received last week, had gone missing from city bank accounts. Lander, who called the action "highway robbery," claims the revocation may be illegal, depending on the terms of the city's grant with FEMA.
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December 13, 2024

Vote for 6sqft’s 2024 Building of the Year!

This year, New York City's residential market started heating up, particularly at the top. For the first time in two years, the city recorded sales exceeding $100 million, including a $135 million penthouse at the Aman New York and a $115 million penthouse at Central Park Tower. In addition to the nine-figure deals, new luxury developments sparked interest beyond Billionaires' Row, including a pink-wrapped condo in Fort Greene and an "urban-style resort" on the Williamsburg waterfront. Historic hotels and iconic office buildings entered new chapters, while long-anticipated projects, and some repeat Building of the Year candidates, either marked their completion or are finally nearing the finish line. 6sqft has narrowed our picks down to 16 of the most notable residential projects of the year. Which do you think deserves to be crowned the 2024 Building of the Year? Polls for our 10th annual competition will remain open through 5 p.m. on Friday, December 20. A winner will be announced on Monday, December 23. Happy voting!
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December 6, 2024

Largest and most expensive Stegosaurus fossil now on view at AMNH

One of the largest and most complete Stegosaurus fossils ever discovered—and the most expensive—is now on display at the American Museum of Natural History. Known as Apex, the 150-million-year-old fossil, measuring 11.5 feet tall and 27 feet long, was unveiled on Thursday just inside the entrance to the museum's Richard Gilder Center in the Kenneth C. Griffin Exploration Atrium. Nearly 80 percent complete, the fossil was loaned to AMNH by Griffin, who purchased it for a record-breaking $44.6 million at a Sotheby’s auction in July, according to Gothamist.
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October 23, 2024

Judge orders Rudy Giuliani to give up Upper East Side penthouse

Rudy Giuliani must turn over his valuable possessions, including his Upper East Side penthouse, as part of a $148 million defamation lawsuit the former mayor lost in 2023, a judge ruled this week. In Manhattan federal court on Tuesday, Judge Lewis Liman said the former New York City mayor and lawyer for Donald Trump has seven days to transfer the possessions, which include, in addition to the apartment at 45 East 66th Street, a Mercedes-Benz, several watches, a signed Joe DiMaggio jersey, and more, to the two Georgia election officials he defamed, CNN reported.
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October 21, 2024

Vessel at Hudson Yards reopens after three years

Three years after closing due to a series of suicides, Hudson Yards' Vessel reopened this week with new safety features. The 150-foot-tall climbable public artwork reopened on Monday with floor-to-ceiling, cut-proof, and water-resistant steel mesh barriers enclosing its stairways and platforms, while its top level is closed to the public, as reported by Gothamist. While it was initially free to climb, Vessel general admission costs $10, with free entry offered to NYC residents every Thursday.
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October 15, 2024

Rupert Murdoch finally finds buyer for Flatiron penthouse, takes $15M loss

News Corp founder Rupert Murdoch finally found a buyer for his New York City penthouse. Most recently listed for $28.5 million, the triplex top unit at One Madison in the Flatiron District entered contract last week after first listing for $62 million in 2022. The 93-year-old media titan paid $43 million for the apartment in 2014.
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October 11, 2024

Chrysler Building ownership is in limbo

The owners of the Chrysler Building are fighting to hold onto the iconic Art-Deco skyscraper after falling behind on more than $21 million in rent. RFR, led by Aby Rosen, on Monday, made a legal filing accusing landlord Cooper Union, which owns the land under the Chrysler, of driving away tenants with its response to a campus protest last October, which influenced several tenants to cancel or terminate their leases, as reported by Crain's New York. But data from CoStar shows that the tower's occupancy rose to 85.7 percent as of September 30, up from 82.8 percent in 2023.
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July 10, 2024

Aman New York penthouse sells for $135M

A five-story penthouse at the Aman New York at 730 Fifth Avenue has sold for $135 million, marking New York City's most expensive sale of the year. As first reported by Bloomberg, the deal surpasses a $115 million penthouse at Central Park Tower that closed in June. The 12,500-square-foot sky mansion aptly sits in the actual crown of the 100-year-old Midtown Manhattan tower, known as the Crown Building for its gilded exterior. Opened in 2022, the Aman New York is an ultra-luxury hotel-condo with 83 hotel rooms and 22 residences. The Wall Street Journal on Thursday identified Vladislav Doronin, the billionaire and founder of OKO Group, the developer of the Aman, as the buyer of the record-breaking penthouse.
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June 17, 2024

Central Park Tower penthouse closes for $115M

A penthouse at Central Park Tower closed for $115 million, becoming New York City's fourth priciest apartment sale on record. Taking up the 107th and 108th floors of the tallest tower in the Western Hemisphere, the duplex condo on Billionaires' Row was first listed for $175 million last March and entered contract early this year.
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May 22, 2024

This $5M co-op at The Osborne has old-world glamour, Tiffany glass, and a bonus studio

This beautifully preserved co-op in The Osborne at 205 West 57th Street is a prime example of Billionaires' Row the way it used to be. Gilded Age grandeur is present in architectural details like carved mahogany moldings, leaded-glass windows, and Tiffany glass transoms, and rooms are large and gracious, with plenty of built-in storage. Asking $4,950,000, the three-bedroom property has the unique option of an adjacent studio unit, perfect for office space, guest or staff quarters, or to add to the main space as an additional bedroom.
osborne elegance, this way
May 16, 2024

NYC’s gilded Crown Building is landmarked

One of Midtown Manhattan's crown jewels is finally a city landmark. The Landmarks Preservation Commission this week designated the Heckscher Building at 730 Fifth Avenue as an individual landmark, officially recognizing the tower's ornate French Renaissance style, influence on Midtown's iconic commercial corridor, and overall impact on the New York City skyline. The tower, built 100 years ago and renamed the Crown Building in the 1980s for its gilded appearance, is now home to Aman New York, a luxe hotel-condo with 83 hotel rooms and 22 residences.
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February 6, 2024

Aman New York condo sells for $61.58M

An apartment on Fifth Avenue has sold for $61.58 million, according to city records. Terence Chan, chair of Hong Kong-based private equity firm Bay Area Capital Partners, closed on the four-bedroom apartment at Aman New York, an ultra-luxe hotel-condo with 83 hotel rooms and 22 residences inside the iconic Crown Building, Crain's reported.
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January 30, 2024

Major Cycladic art installation opens at The Met

A historic collaboration between the Greek state and The Metropolitan Museum of Art is bringing an installation of Cycladic masterpieces to New York City. Last week the museum unveiled a display of 161 works made in the Cyclades, a group of islands in the Aegean Sea, mostly in the Early Bronze Age, from the private collection of billionaire philanthropist Leonard N. Stern. Objects on display include the major types of Cycladic marble figurines and range in size from a small-scale figure to a reclining female figure that is more than four feet long.
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January 18, 2024

Central Park Tower penthouse last listed for $149.5M finds buyer

Only two weeks into 2024 and New York City is already seeing record real estate deals. A 12,557-square-foot penthouse in Central Park Tower at 217 West 57th Street has entered contract, as first reported by the Wall Street Journal. The duplex condo at the Billionaires’ Row tower, considered the tallest residential building in the Western Hemisphere, was first listed in March for $175 million and most recently asked $149.5 million, according to CityRealty. The final deal turned out to be closer to $115 million, according to the Journal. The buyer has not been named.
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December 19, 2023

After 20 years, Pacific Park faces foreclosure and an uncertain future

As the massive Brooklyn megadevelopment once known as Atlantic Yards reaches its 20th anniversary, news of the project's progress has been scarce. But recent changes affecting the development anchored by Barclays Center may put the 22-acre site–now known as Pacific Park–back in the spotlight. As The Real Deal reported in a wrap-up of its progress over the past two decades, current developer Greenland USA has defaulted on nearly $350 million in loans attached to the project's second phase. With foreclosure imminent, an auction, scheduled for next month, may mean a new developer will be responsible for fulfilling crucial affordable housing agreements and inherit penalties for unbuilt units.
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