Grand Madison

Celebrities, Nomad, Recent Sales

Breaking: Lester Holt has sold his classy Nomad apartment for $6.4 million, just under the $6.6 million he listed it for in April, reports the Post. The NBC Nightly News and Dateline NBC anchor bought the three-bedroom spread at 225 Fifth Avenue for $3.3 million in 2007. Along with the impressive views of Madison Square Park and the Flatiron Building and a private terrace, the sale was likely helped along by the fact that Holt’s wife, Carol Hagen-Holt, was one of the listing brokers.

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Celebrities, Cool Listings, Nomad

There’s no “debating” that NBC Nightly News and Dateline NBC anchor Lester Holt has good taste in real estate, as evidenced by the listing photos for his classy Nomad apartment. The fact that his wife, Carol Hagen-Holt, is one of the listing brokers probably doesn’t hurt either. The Observer first noticed that the couple put the three-bedroom spread at 225 Fifth Avenue on the market for $6.6 million, a far cry from the $3.3 million they bought it for in 2007. It boasts views of Madison Square Park and the Flatiron Building, a private terrace, and a sumptuous mix of furnishings and decor.

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Nomad, real estate trends

L to R: 212 Fifth Avenue; The Whitman; 10 Madison Square West

Prices in Nomad shot up a whopping 43 percent over the past five years, according to a new index from CityRealty, a marked increase that the developers of 212 Fifth Avenue may have been aware of when they put a $68.5 million price tag on their building’s triplex. If the sprawling apartment sells for anywhere near its asking price, it will set a record as the most expensive sale in the neighborhood, where other new developments have already raised the ceiling on the area’s sale records.

More Nomad data ahead

Neighborhoods

NoMad-North of Madison Square Park

New York’s ever-changing culture is reflected in the surge of new neighborhood names that have sprung up recently — LeDel (below Delancey Street), RAMBO (right around the Manhattan Bridge Overpass), or, one of the most inventive, BoCoCa (the area that is intersected by Boerum Hill, Cobble Hill, and Carroll Gardens). Fortunately or unfortunately, none of these creative monikers have stuck. One that has, though, is NoMad (north of Madison Square Park), bound by 25th Street, 30th Street, Avenue of the Americas, and Lexington Avenue.

NoMad has become a go-to place for culture, food, business, and residential opportunities. During the last five years, the neighborhood has seen price-per-square-foot averages rise by 40 percent; the average price per square foot for a condo is now $1,791 compared with $1,279 in 2010.

How did this transformation in NoMad occur? Find out here.

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