most expensive NYC real estate

Policy, real estate trends

7,279 NYC Homes Are Valued at More Than $5 Million

By Dana Schulz, Tue, February 3, 2015

Upper East Side

The Upper East Side, where the most $5 million + homes are located, via CityRealty

If you think that statistic is jaw-dropping, consider this, too–those 7,279 homes valued at more than $5 million amount to a total fair market value of $65.2 billion, according to data from the city’s Independent Budget Office. The Wall Street Journal requested the data to take a closer look at the proposal to impose higher property taxes on pied-à-terre owners, and the findings show that “the city’s most expensive homes would generate less money from a higher tax surcharge than what its advocates have suggested.”

More details here

Celebrities, Midtown West, Recent Sales

One57, 157 West 57th Street, One57 penthouse, Bill Ackman

Just yesterday, Bloomberg released a grim report that sales had come to a halt at One57, as only one condo unit was sold in the third quarter. But it looks like the fourth quarter might prove a bit more optimistic for the city’s most expensive building. According to city records released today, Rebecca Moores, ex-wife of John Jay Moores, entrepreneur, philanthropist, and former owner of the San Diego Padres, dropped $55.5 million on unit 81 at the building, making it the second-highest condo sale of the year, according to CityRealty. The number one spot also goes to One57 for Bill Ackman’s $90 million flip-happy purchase.

The former couple also made real estate headlines in 2013 when they listed their Del Mar, California home for $23 million, making it one of the most expensive in the San Diego area and probably the only one with its own moat. Let’s take a look, though, at Rebecca’s latest property venture at One57.

Check out the floor plan

Real Estate Wire

24 East 81st Street, most expensive townhouse
  • Morris Adjmi will design condos to replace the Brooklyn Heights Cinema. [BK Heights Blog]
  • New York’s most expensive townhouse officially hit the market for $63 million. [Curbed]
  • Queens real estate is getting a lot of attention lately. [NYT]
  • An $18 million Williamsburg warehouse sold for $434/square foot, among the highest sales ever in the borough. [Crain’s]
  • Gowanus rezoning proposal favors high-rise development. [DNAinfo]

Images: 24 East 81st Street (L); Rendering of rezoned Gowanus Canal via the Lightstone Group (R)

Celebrities, Central Park South, Design, Interiors

Tour Tommy Hilfiger’s Lavish Plaza Penthouse

By Dana Schulz, Wed, July 30, 2014

The Plaza, Plaza penthouse, Tommy Hilfiger's Plaza penthouse, Jean-Michel Basquiat

When we think of Tommy Hilfiger we might imagine him in an all-American, red-white-and-blue outfit, standing in a nautical seashore cottage, but his penthouse at the Plaza couldn’t be any more the opposite than this vision. Instead of paintings of beach scenes there are Basquiats and Warhols (20 of the latter, to be exact); rather than white-washed walls there are entire rooms clad in marble; and instead of simple, shabby chic bedrooms there are opulent personal retreats that could fit entire NYC apartments within their footprint.

In short, Mr. Hilfiger’s city residence is nothing short of regal. He and his wife Dee Ocleppo purchased and combined three separate units in 2008, and they then embarked on a massive renovation of the duplex to emulate the old-world style of the landmarked building.

Take a tour through this magnificent home and see if the couple lived up to goal

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