Luxury Listings NYC | July/August 2013 by Gregory Cullen

VOLUME 01 ISSUE 04

JULY/AUGUST 2013

finding a home away from home

The dos & don’ts of vacation house hunting p6

manhattan vs. the world

www.LLNYC.com

NYC: More and more luxury buildings are going to the dogs p10

Why the Big Apple is actually a bargain p12

HAMPTONS: Five estates that only a billionaire could afford p48 NORTH FORK: Will Long Island’s Tuscany become the darling of foreign buyers? p50

A PUBLICATION OF

Equal Housing Opportunity.

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JULY/AUGUST 2013

Sumptuous spreads:

This $60 million estate in Bridgehampton (see page 77) is just one of the prime properties featured in this issue of Luxury Listings NYC.

Contents

Steps Beach, Nantucket, Mass.

6 | A place to play: “Staycation” takes on a whole new meaning when you have a gorgeous vacation house. So, go ahead: Buy one. From Cape Cod to Cutchogue, here’s our guide for shoppers.

Nice doggie, good boy.

A tripped-out patio in the West Village

10 | It’s a dog’s life: Lots of Manhattan condos call themselves canine-friendly—but aren’t. How can you tell if Rover will be an outcast?

14 | Communing with nature: Outdoor lovers who live in NYC’s concrete jungle show how they’re living the ultimate green. NEIGHBORHOODS

20 Upper East Side A swanky bachelor pad with ties to the Rat Pack

30 Chelsea The well-heeled with kids are putting down roots

22 Upper West Side Tearing down to build up—way up

33 Greenwich Village Two homes steeped in history

24 Midtown Bicycle included: The new amenity

36 Soho A sculptor’s studio gets reborn

26 Gramercy Rent for less than $500 a month

38 Tribeca All documentaries, all of the time

Luxury Listings NYC

JULY/AUGUST 2013

40 Lower East Side A movie star’s mom and her squat 45 Financial District Progress embraces the past 48 The Hamptons Luxury digs don’t come cheap 50 North Fork Living among the (grape)vines

EDITOR’S NOTE PUbLISher Amir Korangy edITor-IN-ChIeF Stuart W. elliott edITorIAL deVeLoPMeNT dIreCTor Melanie Gray CoNTrIbUTING edITor Lauren elkies Schram ArT dIreCTor Gregory Cullen CoNTrIbUTorS Christopher Cameron, Leigh Kamping-Carder, hayley Kaplan, Adam Pincus, Guelda Voien edITorIAL oPerATIoNS MANAGer Linden Lim dIreCTor oF MArKeTING oPerATIoNS Yoav barilan ASSoCIATe SALeS dIreCTor ross Fox AdVerTISING SALeS eran evron, Abi Laoshe, Nick Mascaro, robert Stearns, Jennie durkovic, Frank Morales FINANCe dIreCTor Ken Cyrus dIGITAL TrAFFIC MANAGer Junaid Zahid dISTrIbUTIoN Mitchell’sNY ATTorNeY barry J. Friedberg Trachtenberg rodes & Friedberg LLP

F YoU’Ve GoT A SChNAUZer IN Soho, A ChIhUAhUA

in Chelsea, a mastiff in Midtown or a greyhound in

Gramercy—or more generally, if you’ve got any sort of

Luxury Listings is published bi-monthly. To subscribe or to stop receiving the magazine, email subs@LLNYC.com or call 1-855-703-9671. The magazine is free to residents of Manhattan. For those outside Manhattan receiving the magazine by mail, a yearly subscription costs $95. Paid subscribers can opt-in to receive The Real Deal magazine and The Real Deal’s annual Data Book at no additional charge. Check or money orders for subscriptions can be mailed to 158 West 29th Street, New York, NY 10001.

don’t live in Monaco, which finished in first place. This is in addition to all our extensive neighborhood-by-

mutt in Manhattan—you know that city living can be

neighborhood real estate coverage for Manhattan and the

challenging.

hamptons that you won’t find anywhere else. We’ve got

but life should never get too unpleasant or ruff (sic)

the latest prices in each area, information about the new

for man’s best friend. Lots of

condos that are rising and the

buildings, especially new towers,

stores that are opening up, what

tout themselves as “dog-friendly”— but actually aren’t. And landlords can be choosier than ever in the hot market. In this issue, we let you know about the buildings and neighborhoods that will allow, as we say in the article, your lap dog to live in the lap of luxury. That’s just one of the stories that will help you navigate the tricky real estate market during the dog days of summer. We’ve got some helpful dos and don’ts for finding a vacation home around New York City, and,

Luxury Listings NYC is a registered trademark of Luxury Listings NYC LLC. Copyright 2013. Call 212-260-1332 or email news@LLNYC.com. Warning: It is illegal to photocopy or reproduce any part of Luxury Listings without express written consent. For reprints and duplication rights, call 212-260-1332. Principal office: 158 West 29th Street, New York, NY 10001.

on a new condo. but maybe it’s a consolation. At least we

if you are stuck in the city, we’ve

Finding a plot of green space to call your own —in New York City or in the country—is key to surviving the dog days of summer. We’ll tell you how to do it.

also got some ideas about how

celebs are moving in or out, and much more. And of course, check out the pages and pages of high-end listings we feature, priced from $125 million down to $2 million, depending on your budget. (Maybe you’re the high roller who is going to break the $100 million threshold for a Manhattan apartment sale— or maybe not.)

astly, we’re always interested in improving, and you can

help by giving us your feedback

and your story ideas. Go ahead, tell us what you think and what you’d like to see. Shoot an

to spruce up your outdoor space (that is, if you’re one of the

email to editorial development director Melanie Gray at

lucky few that has any).

mg@therealdeal.com or me at se@therealdeal.com.

Finally, we take a look at how Manhattan home prices

enjoy the rest of summer and enjoy the issue.

stack up on the global stage. It turns out that buying here is quite a bargain compared to lots of other world cities. (We’re in eighth place on the list.) Who knew? It sure doesn’t feel like that when you have to fork over the deposit check

STUArT W. eLLIoTT, Editor-in-Chief

Luxury Listings NYC

JULY/AUGUST 2013

RETREATS

Buying a memo Six dos and don’ts for picking a second home By Christopher Cameron If you ask Dan DIcarlo where to fInD value,

the 42-year-old retired Wall Street trader will tell you the Sandy-ravaged Jersey Shore. That’s where he found his second home.

A few months back, after more than a year on the hunt, Dicarlo finally settled on a 1927 oceanfront cedar-shake house in Lavallette, just an hour from his primary residence. The $1 million-andchange deal was all cash, letting him bypass the lengthy inspection process that mortgage holders have to endure. When Wendy Jones needs a break from Cincinnati, she heads to Martha’s Vineyard. Not long ago, the Grammy-nominated songwriter decided she wanted to trade the woods for the water—and found herself wearing the hats of both buyer and

seller, which could have been a nightmare. It wasn’t, though. Her secret to avoiding the real estate equivalent of a migraine: Lesely Heidt of Sandpiper Realty of Edgartown, Mass., who took only six months to find a buyer willing to pay the asking price. “The single most important thing was finding the right agent,” Jones said. Now, a half-dozen more insider tips on buying and selling a personal playground, whether it’s high in the Adirondacks or on the shores of Cape Cod.

South Down Lakes Region, N.H.

ask a fair price

DON’T

rely on the Internet (too much)

The difference between a snappy sale and listing languor hinges on being realistic with your asking price. “The market is absolutely improving, but that does not mean it is time for sellers to ask ‘more’ for their homes,” said Deirdre O’Connell, senior vice president of Daniel Gale Sotheby’s International Realty in the North Fork. “Homes priced appropriately are selling and homes priced too high are not.”

Buyers can know nearly everything about every home for sale in a community by simply jumping online. All that information isn’t necessarily a good thing, though. It needs to be filtered by someone familiar with the market—i.e., a broker, said Aspasia Comnas, executive managing director of Brown Harris Stevens of the Hamptons. “The Internet,” Comnas said, “can only tell part of the story.”

Shinnecock Bay, Hampton Bays, N.Y.

Luxury Listings NYC

JULY/AUGUST 2013

Quogue, Long Island, N.Y.

rable staycation 3.

get an inspection/survey Wherever you’re looking to vacation, seaside or in the mountains, it pays to have the property surveyed and the home inspected. The Adirondacks, for example, have roughly 2 million acres of private land and property lines can be fuzzy in places, according to Dawn Timm, owner of Timm Associates in Old Forge, N.Y. And on the beach, an assortment of weather-related factors— heat, humidity, rough waters and high winds—have been known to damage even the sturdiest of structures. That’s why you’re smart to get a home inspection before you sign on the dotted line.

Lake George, N.Y.

know your lifestyle Having a clear idea of what you want from a vacation property— and being able to communicate it to your broker—is essential. “On the North Fork we have homes on or near the water, but there is a variety of water: bay, sound, inlet, pond. The sound has gorgeous sunsets, the bay is perfect for sailing or kayaking and inlets can offer docks for boats,” O’Connell said. “A second home is more than an additional home, it is a lifestyle. Buyers need to know what kind of lifestyle will make them happiest.”

Gardiner Estate, East Hampton, N.Y.

North Fork, Long Island, N.Y.

Luxury Listings NYC

JULY/AUGUST 2013

RETREATS

shop off season

To find the best deals, buyers should hunt in the fall when everybody else is packing up and heading back to the city, according to Bett McCarthy, regional vice president of Kinlin Grover Real Estate in Cape Cod. Besides, who wants to go tour a home full of seasonal renters and their stuff? It’s awkward for both you and them. North Falmouth, Mass.

DON’T

forget the pool! Buyers dream of swimming pools—and that is why a seller who doesn’t have a pool should get a building permit for one. A permit in hand can seal the deal, O’Connell said. “There is definitely an inherent value,” she said, “and it avoids sellers being faced with offers contingent on approval [of a permit].”

Sagaponack, Long Island, N.Y.

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MUST LOVE DOGS

Sniffing out dog-friendly

It’s a landlord’s attitude that really counts By Christopher Cameron Pity the Pooches in these dog days of summer—

Millennium Towers in Battery Park City bills itself as “pet-friendly.” The proof: About 80 dogs hang their collars in the building.

unless, of course, they belong to the canine Upper Class. Those pedigreed few have masters who are truly affluent. No expense is too great, no matter how barking mad it might seem; they think the “lap” in lap dog refers to the lap of luxury. And a big hunk of the high (hound) life is the home. Nix the wire kennel and even the cute little cedar chalet. No, the abodes of choice are definitely condos and co-ops. Stroll down Park Avenue with FiFi, in her jewelencrusted collar, or get dragged through the Bowery by Bowser, and you will see plenty of fluffs of fur coming out of skyscrapers. They don’t even bother to sniff when they walk past the doorman and into the Great Outdoors. These days, lots of buildings, especially the new towers, tout themselves as “dog-friendly,” though they still have plenty of rules to make it ruff (sic) going for even the best behaved of man’s best friends. There are pet references and personality interviews—not to mention weight and breed restrictions, and the obligatory obedience training, according to Andrea Arden, a New York City dog trainer who wrote “Baron’s Dog Training Bible” and has popped up on the Discovery Channel’s “Animal Planet.” “Although some higher-end apartment buildings are now offering such amenities as indoor dog play areas and washrooms, many of our clients say it has become harder than ever to find a pet-friendly apartment,” Arden said. “This may be due in part to the fact that the market has heated up a bit and so landlords and co-ops can be choosier.”

Perception, too, is a problem. What a landlord might think is dog-friendly, an owner might not— and vice versa. Plus, there is no standard definition of dog-friendly: “The term varies greatly from building to building, and is ever changing,” Arden said. A perfect example of wire(hair)s getting crossed involved Shelby Semel and her two fourlegged girls: Xena, an 8-year-old Chihuahua, and 5-year-old Taz, a Pomeranian. Semel, a dog trainer who uses praise and treats to reinforce her students’ good behavior, had her hopes set on living in a Sutton Place building. It seemed like the perfect fit—grooming services, even doggie day care. The building’s owner, though, didn’t think so. She got the thumbs-down without even the courtesy of a meeting so she could introduce Xena and Taz. “My landlord … probably thought [my] clients and their dogs would be coming in and out all the time,” Semel said. “I had to beg them to just meet us and give us a chance.” After the face-to-face, the landlord threw Semel a bone: The apartment was hers—but only if she promised, in writing, not to train any dogs at home. “I’ve been here four months and no complaints yet, so hopefully it stays that way!” Semel added. The biggest challenges, though, are for the owners of big and/or aggressive breeds. A Bichon Frise is a powderpuff that might top out at 20 pounds. An Old English Sheepdog is a marshmallow, too—a 60-plus-pound one. And a Yorkie and a pit bull are both terriers, but it doesn’t take Einstein to figure out why one is welcomed in buildings and the other is not.

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Manhattan’s buildings

“...what makes an area truly dog-friendly is the people running your building.”

Shelby Semel sharing a little one-on-one time with Taz, a 5-year-old Pomeranian. It took some doing, but Semel finally convinced a landlord in Sutton Place to accept Taz and her other four-legged girl, Xena the Chihuahua.

—Michael Rosenblatt of Spot Experience

Still, despite all the trials that dog lovers can face, bow-wow bliss can be found—and in nearly every Manhattan neighborhood, no less. The trick is looking beyond the amenities and locating landlords who treat dogs like they do their human tenants, according to Michael Rosenblatt of Spot Experience, a cage-free dog concierge service. Rosenblatt uses a real-life situation to make his point: If you are stuck late at the office, and live in a truly dog-friendly building, the landlord has someone on site who will pop into your apartment to make sure that Rover is all right. “The Upper East and Upper West Side, Tribeca, Chelsea, they all have access to great parks, but what makes an area truly dog-friendly is the people running your building,” said Rosenblatt. “You need to live in a place where the safety and happiness of the dog is paramount and a place that will give back to the animal the way the animal gives back to you.”

Tips & TidbiTs school’s in: before even thinking about new digs, enroll doggie in obedience class Write Rover a resume: Along with your application, submit a one-page sheet that details your hound’s history (pedigree or pound, etc.) and accomplishments (behavioral training, for example). Lie (a little) about weight: Only a handful of building owners will put Bowser on a scale, so if the limit is 50 pounds and the needle hovers at 60, go ahead and fudge. Tell the truth about breed and barking: If you own a pit bull or a yapper, ‘fess up. One can be a liability; the other is simply a nuisance. Calculate your odds: The best way to figure out whether you stand a chance at getting into a building is to find out how the owner feels about pets. If she doesn’t like them, move on. Be prepared to pony up: Most landlords require a security deposit for a canine tenant. It’s generally hefty—from the low thousands for a rental to upwards of $50K for a co-op or condo purchase. —Christopher Cameron

Luxury Listings NYC

JULY/AUGUST 2013

GLOBAL STAGE

New York vs. How the Big Apple’s high-end real estate is actually a bargain By Hayley Kaplan Jaws definitely dropped when a penthouse

at the Pierre hit the market for $125 million—a new high for the city—but Manhattan is a steal compared to the world’s other great cities. Take London, for example, where a mansion is going for $391 million. Ditto for a trophy home in Monaco—$384 million. “Compared to the rest of the world, there’s no sticker shock [in New York], and there’s no reason that New York can’t catch up,” said Victoria Shtainer, a broker with Douglas Elliman. “When you’re looking at London and then you look at New York—New York is half-price.” One easy way to see how the cities stack up is to look at what $1 million buys in square feet, which is how international brokerage Knight Frank came up with its Top 10 list. The No. 8 spot goes to the Big Apple, with 474 feet. The win, place and show spots go to Monaco (172 square feet), Hong Kong (204 square feet) and London (247 square feet). New York’s bargain-basement prices—so to speak—help explain why foreign investors with deep pockets have been so quick to snap up its luxe homes. It was Russian billionaire Dmitry Rybolovlev who paid a record $88 million for Citigroup chairman Sandy Weill’s 15 Central Park West penthouse. And there’s no sign of buyers from around the world losing interest in the city, in no small part because of the political and economic instability of other countries. Cases in point are Italy, Spain and Greece—all teetering on the edge financially. The U.S., on the other hand, “has a very strong foundation,” said broker Richard Nassimi of the Corcoran Group, who manages sales at the W Downtown, which has attracted its fair share of international buyers. Plus, New York has more homes for sale than some of its counterparts, said London-based Andrew Hay, the global head of Knight Frank’s residential division. And that’s because of a host of reasons: construction, planning and more affordable land, he said. “New York real estate today is still undervalued on the global stage,” said Stan Ponte of Sotheby’s International Realty in Manhattan. “If you walk through properties in London and you hear the prices they’re getting on the simplest apartments, it’s shocking.”

Luxury Listings NYC

JULY/AUGUST 2013

3 4

1. Penthouse at NYC’s the Pierre 2. The Pierre 3. View of 15 Central Park West 4. Living room at 15 Central Park 5. King suite at NYC’s W Downtown

the world

How many luxury square feet does $1 million buy? City Monaco Hong Kong London Geneva Paris Singapore Moscow New York Sydney Shanghai

SF 172 204 247 344 409 409 463 474 474 517

Source: Knight Frank

On the continent 6 7

8 9

European cities offer some of the most expensive real estate anywhere. London holds the record for the world’s priciest home sale—$219 million for a penthouse at One Hyde Park. Since One Hyde Park hit the market six years ago, 82 of its 85 apartments have sold for a total of nearly $3 billion. The two key reasons that prices are so high across the Pond: the rapid return of wealthy overseas buyers after the financial crisis and a shortage of new homes. Monaco, with its breath-taking views of the Mediterranean, is a playground for the rich—and its real estate prices prove it. Because the nation is only about the size of Central Park, land is a premium commodity, which keeps prices high. Prince Rainier III even prohibited the construction of high-rises from the 1980s to 2008. Today, a skyscraper is going up for the first time in at least 20 years. Tour Odéon will be the embodiment of opulence. A penthouse is rumored to be so grand—five floors and an infinity pool with an oceanfront view—that experts are speculating it will sell for much more than the one at One Hyde Park, possibly as much as $384 million.

To the Far East Hong Kong finds itself on the most expensive list because of its ultra-wealthy residents and its fast-growing economy. A six-bedroom mansion with maid’s quarters, two terraces and a garden has a price tag of $90.2 million. And an apartment in the Frank Gehry– designed Opus Hong Kong condominium sold for $58.7 million last fall.

Playing catch-up

With more and more listings hitting the $90 million mark, Manhattan seems to be making a run for London, Monaco and Hong Kong. Homes in new buildings, such as 432 Park and One57, are “testing the market by asking $6,000, $7,000, $8,000 a square foot,” said Richard Steinberg, a broker at Warburg Realty. “[New York] developers are trying very hard to achieve the prices that London and Hong Kong are getting,” he said.

6. London’s One Hyde Park 7. Penthouse at One Hyde Park 8. View of Monaco’s Monte Carlo 9. Penthouse in Monaco 10. Penthouse at Opus Hong Kong

Luxury Listings NYC

JULY/AUGUST 2013

NATURE

Urban Edens Beating the heat by retreating to those private outdoor spaces

A reawakening in the West Village: The Jenkins transformed their overgrown garden into a place for both fun and reflection.

Luxury Listings NYC

JULY/AUGUST 2013

By Christopher Cameron After three yeArs in hong Kong, Meredith

and Benjamin Jenkins came back to Manhattan re-energized to do a little homework. They had a specific project in mind: Transform their overgrown backyard into a lush hangout. The Jenkins, both in investment management, wanted to finally make use of space that they simply had ignored before they went away for business. They imagined a place for their three little boys to romp—without worrying that they’d get hurt. A place to grill with friends. And a place to just sit and relax, maybe even reflect. They wanted to create their own oasis in the West Village, their escape from the concrete jungle. And they are not alone. Every year, countless New Yorkers decide to make their homes a little more summer friendly. The Jenkins set about realizing their remodeling dream with the help of a professional. They hired architect Anne Fairfax to open up their patch of land yet keep it traditional, a complement to their classical-style, three-story home on Charles Street. “Frankly, the garden was nothing before,” Meredith Jenkins said. “We wanted to make it shine and make it an extension of the house.” Fairfax, the managing partner of Fairfax & Sammons Architects, advised the Jenkins on everything from patio furniture to plants. (One choice: crawling ivy.) “The lushness … reminds me of our former residence in Hong Kong,” said Meredith Jenkins, who politely declined to reveal how much the work cost other than to joke “too much.” “It’s a wonderful escape from the city.” For Fairfax and the city’s other architects, along with landscape artists and exterior designers, the crunch time on outdoor projects is when the weather is cooler. “Clients want renovations to start on or shortly after Labor Day and they want you out by Memorial Day,” said Manuel Mergal, a partner at the architecture firm Cooper, Robertson & Partners. Much of the work that Mergal and his colleagues do is somehow tied to the months of June, July and August. “Summer is definitely a marker of sorts,” he added.

“It’s a wonderful escape from the city.” —Meredith Jenkins

Luxury Listings NYC

JULY/AUGUST 2013

NATURE

On the Upper West side, nancy stern and

William Finkelstein chose Amber Freda of Amber Freda Home & Garden Design to revamp their ground-level patio—a big plus of the two-bedroom apartment not far from Central Park. They wanted an Old World feel that would match the charm of their Tuscan farmhouse-style kitchen, and that’s what Freda created. The 32-foot-by-11-foot area now has a fountain and lighting. Colorful annuals set off the dining area and lounge. It is the perfect place for Stern, a retired real estate agent, and Finkelstein, a senior executive in the apparel industry, for all manner of activities from entertaining to reading. “We’ve done everything from celebrate Father’s Day with our children and grandchildren to hosting a bridal shower on our patio,” said Stern, who put the project’s price tag at about $20,000. “But it’s also a great place to sit with the Sunday Times.” Just north, on West 118th Street, Jeannie and Alper Uyanik have found tranquility by stepping out of their 11th-floor condo and onto their Japanese garden-inspired terrace. The quiet is welcome: She is executive director of C&G New York, an event and wedding planning service, and he is senior vice president of Stand New York Securities, a bank. “Private outdoor space is a rare commodity in New York,” Alper Uyanik said. The couple first landscaped their outside space in 2009, shortly after buying into the new Harlem high-rise. This year, they decided it was time for another go-over. They, too, tapped Freda for the job.

Japanese gardens provided the vision for the Uyaniks’ terrace, right. Old World charm oozes from the patio, below right, that Stern and Finkelstein revamped.

Work included an irrigation system and additional lighting, and Freda chose species of plants that thrive high above ground, where temperatures are usually much harsher. Shrubs protect the couple’s privacy, while Japanese pines and maples and a cherry tree invite birds to land. The beautification didn’t come cheap— $18,000—but Alper Uyanik thinks it was worth every penny. “The comfort of hearing the birds chirping in the morning and watching them pluck berries from the cherry tree is priceless.”

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BEDROOM 5/ MEDIA ROOM

15'-7" X 14'-0"

A modern reflection of historic Tribeca. The Sterling Mason, located at 71 Laight Street, offers thirty-three distinctive residences in a private enclave within downtown’s most desirable landmark district. Noted architect Morris Adjmi transforms a quintessential 1905 masonry loft warehouse by adding a stunning identical twin, clad in a contemporary metallic facade, creating a perfect counterpart to the original. An innovative collaboration of architecture, design and craft, The Sterling Mason redefines classic Tribeca. Shown above: With three exposures and over 3,700 SF, Residence C is situated on the northwest corner of The Sterling Mason—light-filled with sixteen windows, five bedrooms, five and a half baths, and a corner Great Room.

212.674.7171 | www.thesterlingmason.com SALES GALLERY: 459 Washington Street, Tribeca, New York 10013 EXCLUSIVE SALES & MARKETING: Douglas Elliman Development Marketing

This advertisement is not an offering. It is a solicitation of interest in the advertised property. No offering of the advertised units can be made and no deposits can be accepted, or reservations, binding or non-binding, can be made until an offering plan is filed with the New York State Department of Law. This advertisement is made pursuant to Cooperative Policy Statement No. 1 issued by the New York State Department of Law. File No. CP12-0066. Sponsor: Laight Street Fee Owner LLC and Laight Street Fee Owner II LLC c/o Taconic Investment Partners LLC, 111 Eight Avenue, New York, NY 10011.

We define our neighborhoods as much as they define us.

129 lafayette street - ph

4 BR, 3.5 BATH

WEB ID: 434396

$39,000 MonTH

845 united nations plaza

3 BR, 3.5 BATH

WEB ID: 477160

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51 murray street - ph

4 BR, 2.5 BATH

212.633.1000

WEB ID: 343649

212.242.9900

$22,500 MonTH

212.584.6100

212.557.5300

5 east 16th street

3 BR, 2.5 BATH

WEB ID: 864044

$27,500 MonTH

317 east 8th street - th

4 BR, 2.5 BATH

WEB ID: 117330

$23,500 MonTH

250 west street

2.5 BR, 3 BATH

212.924.4200

WEB ID: 279214

212.269.8888

212.929.1400

$18,500 MonTH

212.604.0300

TOWN Residential, LLC is a licensed real estate broker and proud member of REBNY. TOWN Residential LLC is a partnership with Thor Equities LLC.

Manhattan Market roundup

A mortgage game-changer Higher interest rates are getting indecisive buyers to make a move By Hayley Kaplan

ust when you think the residential market couldn’t get any crazier, it is. Now, add rising mortgage rates to the skyrocketing prices, bidding wars and dwindling number of homes for sale. The increases have been modest so far, but they are yet another stressor on the already strained New York scene. Rates hit their lowest ever in December: 3.32 percent on a 30-year fixed loan and 2.85 percent on a 15-year fixed loan. Late this spring, the rates started inching skyward. By the week of June 19, the 30year rate stood at 4.17 percent and the 15year rate at 3.3 percent. The upward creep, agents and lenders said, is bringing in new buyers, who had assumed that interest rates on fixed loans would hold steady or keep dropping to unprecedented lows—just as they did for the past 18 months. “Last week, we got an accepted offer, rates went up and we

rushed to have the contract signed before it increased further,” said Wei Min Tan, a broker at Rutenberg Realty. “Abruptly rising rates have brought urgency to buyers.” Rising rates are now propelling would-be buyers to seal the deal, agreed Rolan Shnayder, director of new development lending at H.O.M.E. Mortgage Bankers. “In Manhattan, a half point isn’t going to change people’s minds about buying. [But] it’s going to make them hurry up.” The higher rates aren’t just throwing buyers a curveball, though. Homeowners who wanted to refinance their mortgages are scurrying to lock in a deal or are simply sticking with what they have. “I’m in the same boat,” said Nick Jabbour, a broker at Nest Seekers International. “I’m refinancing four properties … and I’m hustling to do it because it went up a quarter-point overnight.”

“For now, it’s making people get off the fence.” –Rolan Shnayder, H.O.M.E Mortgage

Scan to take the video tour!

https://www.youtube.com/watch?v=yf0Vl5-5cNY

Hudson River Waterfront Luxury Living The Brownstones in Weehawken, NJ

Uniquely designed, meticulously detailed, and perched on the waterfront within the shadows of Manhattan's skyline, this Regency Place residence is simply unparalleled. Award-winning Smith Maran Architecture+Interiors dramatically customized this beautiful brownstone to provide contemporary, loftstyle living while embracing its storied residential rowhouse identity. Rich materials, classy interior finishes, customized lighting elements and state-ofthe-art fixtures accentuate and complement an open layout that smoothly spans 5,200 square feet. Grand, circular stairs and an efficient elevator tie all four floors of living space together, each providing spectacular New York City views amidst a gracious and serene setting. $2,750,000

Jessica O'Connor Williams Realtor Associate, Keller Williams Village Square Realty Email: JessicaWilliams@KW.com Direct: 518.578.1104 | Office: 201.659.8600

Average June rents 1 bed $2,928 2 beds $5,160 3 beds $10,478 > 3 beds $23,917 Average second-quarter sale prices Studio $402,475 1 bed $635,635 2 beds $1.7M 3 beds $3M >3 beds $7.4M

The revamp wasn’t just painting the walls and slapping up some wallpaper.

Average discount off the sticker price 3% Source: StreetEasy

If walls could talk: Ol’ Blue Eyes threw his share of memorable bashes at his swanky 72nd Street digs.

AN UES BACHELOR PAD THAT SINATRA DID HIS WAY

Penthouse gets a new owner after bottom-to-top redo

rank Sinatra grew up in Hoboken, N.J., and used

then went about gutting it. On the main floor is a liv-

Las Vegas as his home base for decades. But he

ing room, a dining room, an open kitchen and three

owned a bachelor pad in the Big Apple, too, at the

bedrooms — all with breathtaking views of the East

height of his career. And now the Upper East Side

River. The vistas are even more magnificent from

co-op has a new owner who can boast that “Ol’ Blue

the wraparound terrace. A glass spiral staircase

Eyes lived here.”

leads up to the master suite, also surrounded by a

Sinatra helped design the duplex penthouse, at

And if that wasn’t luxury enough, the home

decade, starting in 1961. Today, though, the home

comes with a private gym in the basement that can

looks vastly different from the days when the leg-

double as a maid’s quarters, according to Curbed.

endary crooner threw wild parties — with the Rat

About a year ago, Hart decided she wanted to un-

Pack and Mia Farrow in tow — and threw champagne

load the pad and put it on the market for $7.7 million.

glasses from the building’s rooftop, according to

The last asking price: $5.495 million.

Curbed.

Luxury Listings NYC

There’s no word on what the sales price was or

The four-bedroom, four-plus-bath apartment

who the new owner is, although the New York Post

needed lots of TLC when insurance titan Penny Hart

reported that the buyer is the daughter of a Chinese

bought it in 2010 from the estate of Dr. Denton Cox,

technology tycoon.

Sinatra’s personal physician. Cox hadn’t changed a

Well, if that is the case, she might think about hum-

thing since he took it off Sinatra’s hands nearly 40

ming one of the Chairman of the Board’s lesser-known

years before, zillowblog.com reported.

but oh-so-apropos hit — “It Isn’t A Dream Anymore.”

Hart plunked down $2.3 million for the place and

terrace complete with a putting green.

530 East 72nd Street, and lived there for roughly a

JULY/AUGUST 2013

— Melanie Gray

NEIGHBORHOODS

Shades, a ‘grand’ edible treat and watery fun

History in the remaking

Outdoor public pool on the Upper East Side

$545

Healthcare entrepreneur Daniel Straus is dabbling in development these days. The founder of New Jersey–based CareOne is overhauling six historic brownstones and two townhouses at 33 East 74th Street, at Madison Avenue, into boutique condos and shops. Work should be finished by this fall. The stores will be on the ground levels. The 10 homes will be huge — 4,000 to 10,000 square feet and three to five bedrooms. Prices start at $13 million.

Price of women’s sunglasses by designer Tom Ford, at Barneys New York

$1,000

Cost of the Golden Opulence Sundae at Serendipity 3, at 225 East 60th Street Sources: New York City, Barneys, Serendipity 3

The Marquand, at 11 East 68th Street, is ready for its closeup. Newly renovated by HFZ Capital Group, the 13-story tower has four-, five- and sixbedroom homes ranging in size from 3,795 square feet to more than 6,000 square feet. Prices start at about $15 million.

Opa! And a lusher Lush Yaira Singer at home

Hot over an air conditioner

Lush, the handmade cosmetics chain, has put its fifth Manhattan store at Third Avenue and 86th Street. The new shop is a tad more upscale than the other four locations, offering facials and consultations.

Lovers of Greek food, rejoice! Anassa (“breath of fresh air”) Taverna is the new venture by the owners of Midtown’s Avra Estiatorio. The address to find this Mediterranean fare: 200 East 60th Street.

THE PRICIEST LISTING: $60M

Architect Yaira Singer and financial adviser Matthew Binstock are suing to stop Duane Reade from putting a huge air conditioner just outside their duplex at 401 East 86th Street, the New York Post reported. The twosome contend the 8-foot-high unit will not only block their view but will lower their property’s value as well. Singer and Binstock want the installation stopped — plus $5 million in damages.

A penthouse for a pretty Tune Address The Mark, 25 East 77th Street Type/size Condo; six bedrooms, eight baths; 9,800 sf and 2,400 sf of finished terrace Hot Feature The living room occupies the historic hotel’s iconic copper roof turret

StreetEasy

And the runners-up: A $50M condo at 135 East 79th Street and a $35M co-op at 885 Park Avenue

Broadway legend Tommy Tune once lived in this jaw-dropping penthouse at the PARK REGIS, AT 50 EAST 89TH STREET. Today, owners Julia Kim and Stephen Rushmore are looking to unload their totally remodeled co-op to the tune — groan in unison — of $14 million.

Luxury Listings NYC

JULY/AUGUST 2013

00 21

“I would be angry. But at the end of the day, it’s 96th Street. Nobody is protecting it from a beauty standpoint.” Robb Pair of Harlem Lofts

Average June rents Studio $2,517 1 bed $3,240 2 beds $5,325 3 beds $8,681 > 3 beds $15,829 Average second-quarter sale prices Studio $390,138 1 bed $673,397 2 beds $1.5M 3 beds $3.3M > 3 beds $5.8M Average discount off the sticker price 0.4% StreetEasy

MAKING WAY FOR THE WRECKING BALL A row of historic brownstones on the Upper West Side.

A 13-story apartment tower will replace two townhouses

he Upper West Side is losing two townhouses to the wrecking ball. Now, buildings get knocked down all the time,

brownstones wouldn’t be surprised if Sackman’s

but this street is fairly quiet and just north of an area

plans end up ruffling some feathers—even though

where the New York City Landmarks Preservation

the block, between Central Park West and Columbus

Commission would cry “Stop!”

Avenue, doesn’t have any buildings that the city has

Sackman Enterprises plans to bring down the

“I would be angry,” said Robb Pair, founder of

way for a 13-story apartment building, city building

Harlem Lofts, which rehabilitates homes just north

records show.

of the townhouses. “But at the end of the day, it’s

Both a developer and a landlord, Sackman for $3.83 million and 17 West 96th Street for $3.5 million, according to public property documents. The townhouses are four and five stories, respectively, and each has 10 rental apartments, StreetEasy shows. They are among Sackman’s more than 20 properties in the neighborhood. The company’s other holdings include 200 West 78th Street, a four-floor co-operative with 13 apartments, and 34 West 76th Street, a five-story condominium with 16 homes; both buildings have renters and owners.

Luxury Listings NYC

designated as historic.

buildings, at 15 and 17 West 96th Street, to make

bought the buildings in 2007—15 West 96th Street

So far, there hasn’t been any public outcry about the demolitions, but one developer who restores

JULY/AUGUST 2013

96th Street—nobody is protecting it from a beauty standpoint.” —Guelda Voien with Adam Pincus

NEIGHBORHOODS

Kosher, convenience and cycling

Songs, a shake, starry skies

Number of indoor and outdoor performance venues at Lincoln Center

Cost of a milkshake at Cafe Lalo, at 201 West 83rd Street Spinning workouts on the Upper West Side will never be the same now that Flywheel Sports is coming to the nabe. The fitness venture, which takes cycling indoors to new sweaty heights by working your arms with weighted bars, is opening a studio at 150 Amsterdam Avenue, at 66th Street.

Years that the Out of Doors Festival has been held at Lincoln Center; The tunes start July 24 and wrap up Aug. 11 Sources: NYC & Company, I Love the UWS

You don’t have to be Jewish to eat kosher and love it, of course. Now Gotham Burger Co. is marrying its inspired upscale combos with booze to bring the UWS its first kosher sports bar. The address: 726 Amsterdam Avenue, between 95th and 96th streets.

Q & A

If you adore Blue Shock Slurpees or are a fan of Go-Go Taquitos, then you are going to be one happy camper soon. 7-Eleven is opening at 2758 Broadway, at 106th Street— its fourth UWS store.

What is important to buyers looking on the Upper West Side and how is that changing? Upper West Side home seekers always request [close proximity] to Central and Riverside parks. But I increasingly receive requests for easy access to the West Side Highway bike path, where you can bike, rollerblade, walk [and] run without worrying about cars.

351 Riverside Drive

What a Schinasi The nabe has one last detached singlefamily mansion: the 35-room Schinasi House, at 351 Riverside Drive. The French Renaissance home is named for Turkish tobacco baron Morris Schinasi, who broke ground on it in 1907 and moved in two years later. The landmark just changed hands for $13.5 million. The new owner— no surprise—has not been identified.

—DONNA KREEGER of Citi Habitats

THE PRICIEST RENTAL: $75K/MONTH

For Stiller, it’s no laughing matter

Address 247 Central Park West Type/size Townhouse; five bedrooms, eight baths; 12,000+ sf Hot Features If the steel-andglass spiral staircase doesn’t wow you, the 60-foot fresh water lap pool will

StreetEasy

Nos. 2 and 3: $29K at 335 Riverside Drive and $28K at the Apthorp, 390 West End Avenue

Comedian Ben Stiller and actress wife Christine Taylor have sold their DUPLEX COOP NEAR WEST 84TH STREET for a hair under $9 million. While $8.995 is a lot of dough, the sale price was $1 million less than what the couple paid for the five-bedroom pad in 2008. And it sat nearly a year on the market.

Luxury Listings NYC

JULY/AUGUST 2013

Average June rents Studio $3,654 1 bed $4,440 2 beds $10,819 3 beds $28,989 > 3 beds $49,916 Average second-quarter sale prices Studio $553,571 1 bed $1.2M 2 beds $1.92M 3 beds N/A

MiMA, at 450 West 42nd Street: Residents can pedal to a show if they want to.

Average discount off the sticker price 4.1% StreetEasy

The Westport, at 500 West 56th Street: Smack in the middle of Manhattan, tenants can ride Uptown or Downtown.

AN APARTMENT THAT COMES WITH WHEELS Citi Bikes is the Big Apple’s new public bike-sharing program. Related’s well-heeled residents don’t need it.

Developer launches nation’s first private bike-sharing system in Manhattan

icycles are the new black when it comes to luxury

attached flexible lock—are all Zagster’s Breezer Up-

perks.

town, a lightweight-but-sturdy model designed for

A two-wheeler comes with the apartment, in

Every resident who wants to ride must sign up

buildings owned by Related Companies, one of New

with Zagster at www.zagster.com. Once the registra-

York’s premier landlords.

tion process is done, here’s how the system works:

The real estate development company and bike-

Each bike has a lock with a key stored inside a lock

fleet pioneer Zagster launched Manhattan’s—in fact,

box. When a tenant is ready to roll, he simply texts

the nation’s—first private residential bike-sharing

“start” and the bike number—for example, “start 46”—

program in early June, just a week or so after the city

to a telephone number. In return, the rider gets a con-

debuted its Citi Bikes initiative. Related also put bikes

firmation message with the access code for the lock

at its One Back Bay in Boston and has plans to ex-

box, and off he goes. When the resident returns, he

pand the program to Chicago’s 500 Lake Shore Drive

texts “end” to the same telephone number to release

and the Paramount in San Francisco.

the bike for the next person.

Luxury leasing chief Daria Salusbury described

For Zagster CEO Timothy Ericson, the bike-

the bikes as “the ultimate in convenience” that lets

sharing program exemplifies Related’s cutting-edge

residents stay fit, run errands and live green.

thinking.

Right now, Related is offering wheels at properties

“Related,” Ericson said, “understands the chang-

including two high-profile high-rises in the Midtown/

ing dynamics of today’s urban resident, who is very

Theater District: MiMA, at 450 West 42nd Street, and

interested in sustainable, convenient and efficient

the Westport, at 500 West 56th Street.

transportation.” —Melanie Gray

The bikes—each comes with a basket and an

Luxury Listings NYC

city riding. They’re parked on site.

a matter of speaking, for residents of 10 high-end

JULY/AUGUST 2013

NEIGHBORHOODS

Now, that’s entertainment!

A ‘Girls’ hangout and a boyfriend’s bar

Movie classics being shown at 5 p.m. Mondays in Bryant Park, through Aug. 19. Admission is free

$5.99

Price (without tax) for a large Who You Callin’ Shortcake sundae—strawberry ice cream, yellow cake, graham cracker pie crust, strawberries and whipped topping—at Cold Stone Creamery, 253 West 42nd Street Café Grumpy in Brooklyn’s Greenpoint neighborhood is where aspiring writer Hannah Horvath (aka Lena Dunham) reluctantly works as a barista in HBO’s hit “Girls.” Now, the cult coffee joint is migrating to Midtown. The location will be on West 39th Street just off Seventh Avenue. An exact opening date hasn’t been announced, but it will be sometime this summer.

Sources: Bryant Park Corp., Cold Stone Creamery

Ben Maisani (aka Anderson Cooper’s French boyfriend) is getting ready to open his third trendy gay bar in the city. The new location is at 753 Ninth Avenue, between 50th and 51st streets. Maisani and Cooper, host of CNN’s “Anderson Cooper 360,” have been dating since 2009.

Q & A

What is important to buyers looking in the neighborhood and how is that changing? The most remarkable change in the Midtown market is the rapid acceleration of “cool” in “NoMad” [Midtown-South/ Gramercy ]. … The swiftly changing character of the retail, restaurant and club scene has had a dramatic impact on the residential real estate market.” —JAMES LANSILL of Corcoran Sunshine Marketing Group

THIS PRICEY PAD IS ASKING $100M

305 East 51st Street

Going up, up, up ... Construction crews are busy putting up a condominium tower at 305 East 51st Street. The Halcyon, being developed by HFZ Capital Group and CIM Group, will have 123 homes ranging from one to four bedrooms. Sales launch later this year, with closings expected in late 2014.

A hefty judgment

Address CitySpire, 150 West 56th Street Type/size Condo; six bedrooms, nine baths; 8,000 sf and 3,000 sf of terrace Feature The octagon-shaped palace is the home of real estate magnate Steven Klar

StreetEasy

Other notables: A $125M co-op at the Pierre Hotel and a $115M condo at Beacon Court at 151 East 58th Street.

Judith Sheindlin (aka Judge Judy) has unloaded her CO-OP AT THE SHERRY-NETHERLAND FOR $8.5 MILLION. The apartment spans two floors of the hotel, at 781 Fifth Avenue at 59th Street.

Luxury Listings NYC

JULY/AUGUST 2013

Average June rents Studio $2,482 1 bed $3,406 2 beds $5,074 3 beds $7,909 > 3 beds $17,031 Average second-quarter sale prices Studio $502,575 1 bed $712,181 2 beds $1.8M 3 beds $2.3M > 3 beds $16.1M Average discount off the sticker price 1.6% StreetEasy

The giveaway: Only a small sign outside the front door lets the public know that 314 East 19th Street is the Menno House.

AFFORDABLE HOUSING IN URBANE GRAMERCY

Mennonite church offers rooms for a song

ave faith: The two words that apartment hunters

The home’s tenants look like most other New

in New York City keep repeating on their quest for a

Yorkers—a surprise to some in the neighborhood

decent—and decently priced—place to live.

since Mennonites are often confused with the

There is one townhouse in Gramercy Park,

though, where tenants truly have faith. And their reward: a room for less than 500 bucks. The Mennonite Church charges its followers

as little as $460 a month to live in the 162-year-

“There is a lot of misinformation about Mennonites,” said Anthony Showalter, who sits on the home’s board. Menno House doesn’t have a mortgage so the

Street Journal reported. The median rent in the

low rents pay for upkeep on the home, which has

area is $3,600.

13 bedrooms and three bathrooms. Three bed-

story brick building at 314 East 19th Street isn’t

rooms are reserved for overnight visitors and the rate is a bargain: $75 a night.

just another multimillion-dollar residence is a

Many of the residents are younger—either go-

small green sign next to the front door that has

ing to graduate school or performing service for

a picture of Menno Simons, the denomination’s

the church—and they appreciate the feelings of

founder, and the words “Menno House.”

warmth and security that the townhouse gives

House manager Sara Versluis isn’t sure if the

them in the big city.

picture is a true likeness of Simons, who lived in

“I come out of my shell with these people,” said

the 16th century. But, she added, “it is one that is

Leah Yoder, a 24-year-old Oregon native who is

commonly used.”

studying at New York University. “I’m comfortable

About 500 Mennonites live in the five boroughs; nationwide, their numbers total 300,000.

Luxury Listings NYC

drawn carriages.

old home, which it has owned since 1958, the Wall

To the outsiders, the only sign that the four-

Amish, who dress modestly and ride in horse-

JULY/AUGUST 2013

being myself.” —Melanie Gray

A place where tenants and travelers alike can reflect and connect with nature.

The Finest Manhattan Residences

Unparalleled Five-Star Penthouse Luxury Living Deemed the crown jewel of The Mark, the Penthouse is 9,800 SF+/- (910 Sq Mt) of interior space and 2,400 SF (223 Sq Mt) of finished terrace. Originally the hotel’s ballroom, the living room of this residence occupies the building’s iconic copper roof turret which is now used as its private entertaining space with soaring 26’ double height ceilings. 6 bedrooms, 5 fireplaces, 2 bars, a chef’s kitchen, an impressive 2-story atrium stair hall and a luxurious master suite boasting a double-sided fireplace, sitting room and his and hers master baths with state of the art steam room. Enjoy the ultimate in luxury and privacy with 24-hour access to all 5-star services and famous cuisine of The Mark Hotel below. $60M WEB# 2297242

Opulent Private Compound

The Ultimate Manhattan Penthouse at the Grand Beekman

Unprecedented luxury awaits behind the stately façade of this 25’ wide, 6-story house. Ultimate opulence throughout, from the private garage, the subterranean spa floor with swimming pool and adjoining hot tub, full gym, massage room, sauna & steam, to the penthouse entertaining floor with a state of the art cinema room and billiard room. There are a total of 5 outdoor spaces, 5 BRs and 12 baths. From the private garage to the solid bronze gilded doors, you will find only the finest building materials and finishes offered today—Venetian plaster, onyx marble, custom iron work and hand painted gold leaf decorative accents. A 5-year renovation of 12,000 SF+/- of living space has resulted in an architectural triumph. $22M WEB# 2534946

PH-30 is a sprawling 9-room, 5 bedroom full floor luxury home of 3,700 SF+/with extensive outdoor space and open city & river views. Terraces, grand entertaining spaces, 11’ ceilings, bamboo f loors and a wood burning fireplace are just a few of the penthouse’s exceptional features. Recently renovated and reconfigured with all the walls down in the living area provide an expansive loft-like feel. 4 additional bedrooms compliment the separate the master bedroom suite that has its own terrace with river views. The Grand Beekman is elegantly designed, pet friendly and boasts every possible amenity including a 24-hour doorman, concierge, health club, playroom and garden room. $9.95M WEB# 2309207

Leighton Candler Licensed as Leighton C. Candler

Licensed Associate Real Estate Broker 212.937.6677 lcc@corcoran.com

Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 660 Madison Ave, NY, NY 10065. All listing phone numbers indicate listing agent direct line unless otherwise noted. All dimensions are approximate.

NEIGHBORHOODS

Good eating and sound sleeping

Patios, a prez’s park and a swimming hole

Outdoor public pool in Gramercy

106

Fatburger, the popular L.A. chain, has opened its first New York store at 509 Third Avenue, between 34th and 35th streets. The burgers come in S, M, L, XXL and XXXL. The XXXL is three 8-ounce patties, three layers of cheese, onions, lettuce and tomatoes. Add-ons include grilled ’shrooms and guac. Wash it all down with a Maui-banana shake. Then, head to the gym.

Eateries in Murray Hill and Gramercy that offer outdoor seating

1847

When Madison Square Park, named for President James Madison, opened Sources: New York City, MenuPages, Madison Square Park Conservancy

Frozen yogurt that tastes like brownie batter and eggnog? Believe it. Orange Leaf is serving up dozens of fun flavors at its new shop at 245 Third Avenue, near 20th Street.

Q & A

Richard Branson of British Virgin Airways and Virgin Records fame is bringing his Virgin Hotels brand to the Big Apple at long last. And the 300-room posh hotel will be a short walk from Gramercy no less—on the corner of 29th Street and Broadway. The completion date is a ways off, though: 2016.

What is important to buyers looking in the neighborhood and how is that changing? Buyers looking in Gramercy Park want quality. The neighborhood has a cache because of the park, prewar co-ops and architecturally significant buildings. Even with standard new buildings like 160 East 22nd Street by Toll Brothers, consumers are willing to pay more to be close to the park, but want designer finishes in buildings with amenities. —JARROD RANDOLPH of CORE

THE PRICIEST RENTAL: $29.5K/MONTH

Hot Feature Stunning views of Gramercy Park

StreetEasy

And also looking for tenants: A $26,500 condo at 36 Gramercy Park East and a $19,995 rental at Rutherford Place, 305 Second Avenue

Luxury Listings NYC

JULY/AUGUST 2013

The true meaning of ‘old school’ It’s safe to say Friends Seminary at 222 East 16th Street, between Second and Third avenues, is a neighborhood fixture. Founded in 1786, the school is the oldest one in New York City attended by both boys and girls. Almost a century later, in 1878, Friends opened one of the nation’s first kindergartens. Today, kids in grades K through 12 go to Friends, which is owned and operated by the New York Quarterly Meeting of the Religious Society of Friends.

Movin’ up after movin’ on

Address 50 Gramercy Park North Type/size Cond-op; three bedrooms, three bathrooms and a half-bath; 2,150 sf

Friends Seminary ... 227 years young.

Joanne Brown—her ex is ex–New Jersey Gov. Jon Corzine—has bought a home at 18 Gramercy Park South, a former Salvation Army residence being converted into condos. Brown plunked down $16.9 MILLION FOR THE NINTH FLOOR, which has 4,207 square feet and 35 (large) windows.

Unique 5000+sf Luxury Loft at East 84th 4BR,4.5bth,LRwWBFP,EIK,media&lndryrms,office, 2terrs.Crestron&AVsys,electshades,CAC.FScondo. $10.25M.Web#3981355.A.Lambert212-452-4408

Magnificent 5th Ave Prewar 8 Rm Co-op

25 Columbus Circle 5 Room Duplex Condo

CP/Reservoir views. Carn Hill hi flr, crnr 3BR, 3.5 bth in JER Carpenter bldg. LR & DR with WBFPs, libr. $10M. Web # 3893104.M.Kaiser212-585-4554/L.Diamond585-4553

All rms on Central Park, 5-star luxury bldg, turn-key cond, 28' LR/DR, 2BR, 2.5 bth, chef’s kit. Flr-to-ceil windows on hi flr, W/D, CAC. Avail furnished. Exceptional services & amenities: gym, playrm, cinema, rfdk, lounge. Access to pool/spa at Mandarin Hotel. $9.2M. Web #8588615. B.Evans-Butler 212-452-4391/C.Kurtin 212-452-4406

UES Duplex w 1800 SF Landscaped Garden

Bright E 60’s 2BR, 2 Bth Co-op on 14th Flr

Loft-like Sunny 2BR at Park Ave & 58th

Beresford 14 Rm Duplex & Magical Views

2500sfbi-level4BR,3bthwgutrenov,flr-to-ceilwndws, brightSexpos,hi-loftedceils.$2.995M.Web#3830954. J.Lanyard 212-434-7091/N.Grandelli 212-585-4547

CrnrLRwNWexpos,dinarea&baywndw,terr,MBRw bth&WIC,wndwdkitwW/D.$1.75M.Web#8579378. S.Wheelock 646-750-0101/R.Bonner 646-613-2715

Spacious LR & din area w xtra-hi ceils. 2BR, 2 mrbl bths, SS kit w granite cntrs. All cash, white glove FS bldg. Top loc. $1.2M. Web #1285534. E.Lorenzo 212-452-4411

Combine a fabulous 8 room duplex and grand 6 very high up in iconic co-op. Over 5000 square feet. $15M. Web #8594709. Lorraine Dauber 212-452-4378

11 Rm Terraced Dplx on Central Park West

Mint Prwr 5BR Drmn Condo - Lincoln Cntr

Large Condo Loft in the Heart of Tribeca

Prewar 3BR, 3 Bath Condo Loft in Tribeca

First offer. 6BR, 4.5 bath home with open city views, large setback terrace, 2 WBFPs. 24-hr doorman bldg. $7.995M. Web #4052732. J.White 212-452-4445

RmtoGrow!5BR,5.5bth3660sf,beautcond,amazing loc, pvt elev, double W/D. $7.995M. Web #3859131. B.Tavakolian 212-434-7062/C.Taub 212-452-4387

3BR home (easily convert to 4 or 5) features a great rm, 4expos,high-beamedceils,40'balcony.DM&roofterr. $8.995M.Web#3980793.SeanTurner646-613-2619

Appx 2633 sf, crnr LR/DR, opn chef’s kit. MBR w mbth & dress rm. CAC, lndry rm, pvt stor. Concierge & gym. $4.25M. Web #4060092. P.D’Arc 212-452-4377

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Average June rents Studio $2,884 1 bed $3,729 2 beds $6,372 3 beds $11,170 > 3 beds $15,327

Avenues offers an education that doesn’t come cheap.

Average second-quarter sale prices Studio $411,500 1 bed $1.1M 2 beds $2M 3 beds $3.3M > 3 beds $7.2M Average discount off the sticker price 1.3% StreetEasy

MAKING A HOME LIFE NEAR THE HIGH LINE

The High Line: Nearly completed, the park is a great place for families to spend time together.

West Chelsea is filling with bigger, familyfriendly condos

ame which one of these things doesn’t belong in West Chelsea: galleries, quirky artists, luxury condos, the High Line, families. It’s a “gotcha” game because these days all five

things are absolutely part of the landscape in one of Manhattan’s fastest-changing neighborhoods. West Chelsea is no longer just a haven for paint-

ers and galleries; it’s home to more and more wellto-do couples with kids, the New York Times reported.

is building a condominium that will have eight roomy homes. “With the Avenues school alone,” Gordon said, “it is going to bring something on the order of 1,200 children and their parents ... which will drive very significant sales.” HFZ Capital is putting up two 10-story towers on West 19th Street. The 35 to 40 homes will be a

It’s no coincidence. Avenues is a state-of-the

mix of sizes because, as managing principal Ziel Feldman explained, “we are hoping to capture the

wrapped up its first year; two of the three phases of

families ... but also the European tourists looking for

the High Line are done and the last one should be

pieds-à-terre.”

finished by next spring; and more three-bedroom

The demand for more space is evident from the

apartments are going up fast. Right now, three resi-

numbers: In just three years, the number of homes

dential projects are rising.

for sale has dropped by a third and prices have

Street, between 10th and 11th avenues, 14 of the 15 apartments will have three bedrooms. “These are all family-size apartments because there is a real need in the marketplace,” architect-

Luxury Listings NYC

At 560 West 24th Street, developer Adam Gordon

art school—annual tuition runs $43,000—that just

In a tower under construction at 508 West 24th

developer Cary Tamarkin told the newspaper.

JULY/AUGUST 2013

jumped by 7 percent, to a median of $3.6 million. “It used to be that the Upper East and Upper West sides were traditionally where the families were,” said Kathy Braddock, of Rutenberg Realty. “Now, all this has changed.” —Melanie Gray

NEIGHBORHOODS

A centerpiece, a coiffure and camps

Condos, more condos and shops

Chelsea Piers summer sports camps available for kids 3 to 17

$50

A basic blowout (shampoo included) at Blow, 342 West 14th Street

Ultra-posh homes are coming to 522 West 29th Street. The building will be 11 stories but have only 27 apartments. In other words: Each one will be roomy. The developers, Black House Development and Oriel, are putting in private soaking pools—ahhhh—and double-height ceilings.

$150

Starting price for a wedding floral arrangement at François-Pijuan Floral Design and Event Décor, 150 West 28th Street Sources: Chelsea Piers, Blow, Racked NY

The 1,000-foot skyscraper that Moinian Group is putting up at 3 Hudson Boulevard, at 11th Avenue between 34th and 35th streets, will have condos on its upper floors, 49 through 63. The lower floors: shops, of course. Don’t get in a big rush, though: 2017 is the move-in date.

Star broker Michael Shvo has transformed himself into a developer and hooked up with Victor Homes to buy the gas station site at 239 10th Avenue, at 24th Street. Their vision: a mix of condos and shops that would connect to galleries nearby. One of Arne Svenson’s “neighbors”

Q & A

What is important to buyers looking in the neighborhood and how is that changing? It’s important to buyers with a large budget to find this sexy modern-style apartment. But in Chelsea the majority of buildings are prewar, small and need work—even at a good budget. I think buyers are becoming more realistic with that situation. Also, you see people more willing to go north of 23rd Street, whereas before no one wanted to go north of 23rd. They didn’t consider it real Chelsea. Now buyers are open. They really don’t have a choice! —PEDRO RODRIGUEZ of Citi Habitats

THE PRICIEST RENTAL: $35K/MONTH

Hey, a little privacy here, pu-leeze! The residents of 475 Greenwich Street are more than a little ticked off over pictures of themselves that turned up in an art gallery in Chelsea. They’re so mad, in fact, that they’re thinking about suing the photographer, Arne Svenson, who snapped them from his home at 125 Watt Street. The dozen photos turned up at Julie Saul Gallery at 535 West 22nd Street, in an exhibition titled “The Neighbors.”

The model and the QB

Address The Chelsea Enclave, 177 Ninth Avenue Type/size Cond-op; four bedrooms, four baths and a half-bath; 3,176 sf Hot Feature Wow, a master bath with heated floors and a walk-in laundry room

StreetEasy

In the same $35,000-a-month club: Condos at the Spears Building, 525 West 22nd Street, and at 200 11th Avenue

Gisele Bündchen, whose hubby is New England Patriots quarterback Tom Brady, did a walkthrough of A THREEBEDROOM CONDO AT WALKER TOWER, AT 212 WEST 18TH STREET, between Seventh and Eighth avenues. The pad’s price tag: $11.5 million.

Luxury Listings NYC

JULY/AUGUST 2013

M A N H AT TA N | B R O O K LY N | Q U E E N S | L O N G I S L A N D | T H E H A M P T O N S | T H E N O R T H F O R K | R I V E R D A L E | W E S T C H E S T E R / P U T N A M | F L O R I D A © 2013 Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the Equal Housing Opportunity. school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert.

CLASSIC PREWAR

BEAUTIFUL 5-STORY TOWNHOUSE

30 East 71st Street | $10,500,000 | Beautifully renovated 3-bedroom, 3-bath, teak paneled library, wood burning fireplace, dining room, eat-in windowed kitchen with laundry and maid’s room. Premier co-op, maintenance only $1,212 per month. Web# 1593798. Gerald Teplitzky 212.350.2238

East 61st Street | $10,995,000 | 20-ft wide, 5-story townhouse on a tree-lined block. Property includes 4 renovated floor-through apartments plus 1,800 sf professional space with separate entrance. Web# 1603147. Barbara Melson 212.891.7234 | Patrick Gavin 212.891.7297

HARIRI AND HARIRI, MODERN HOME

DUPLEX PENTHOUSE PERFECTION Flatiron | $25,000,000 | This prewar penthouse is over 6,500 sf with an additional 3,000 sf of outdoor space. The Whitman is a boutique full-service building with direct park views. Web# 1565951. Melanie Lazenby 212.727.6131| Dina Lewis 212.727.6129

PEFECTION ON FIFTH AVENUE

4,000 SF PREWAR CONDO

Sagaponack | $6,500,000 | 2.8 acres, 5,800 sf, 6 bedrooms, Gunite pool, double living rooms, screening room, and 2-car garage. Art studio/guest house with full bath, Jacuzzi, Har Tru tennis court. Offering includes basic furnishings. Exclusive. Web# H15558. Lori Barbaria 516.702.5649

East 70s | $9,250,000 | 6-room approximately 2,700 sf apartment with park and city views from every oversize window is a Fifth Avenue owner’s dream home. The layout allows for easy living and elegant entertaining. Web# 1608677. Ellen Grabois Victor 914.844.8669 | 212.891.7015

Chelsea | $9,995,000 | High ceilings and 20 windows accentuate the light and open city views from the North, South and West exposures of this well-appointed residence. Includes 2 master suites. Web# 1576607. Kirk Rundhaug 212.418.2052 | Paige Neuhauser 212.418.2051

IMPECCABLE HOME WITH VIEWS

EXCEPTIONAL PREWAR CLASSIC

KEY TO LAST PRIVATE PARK

315 East 72nd Street, 19H | $1,649,000 | Designer high-floor 2-bedroom, 2-bath with North and West exposures, extra large windowed eat-in chefs kitchen, spacious bedrooms, ample closets, king-sized corner master suite. Web# 1602313. Iman Barkhordari (Bacodari), VP 212.891.7188

East 70s | $2,950,000 | Superb renovation, pin-drop quiet and brilliant South light are just the start of the tale describing a perfectly melded prewar classic with a downtown sensibility. Web# 1605735. Robin Gutterman 917.403.7309 | Richard Mortimer 917.678.3398

Gramercy | $5,250,000 | Designed by John Pawson, this stunning home overlooks historic Gramercy Park through a 40-ft expanse of floor-to-ceiling windows. Primary residence or pied-à-terre. Web# 1606539. Kirk Rundhaug 212.418.2052 | Paige Neuhauser 212.418.2051

CHARMING PREWAR 1-BEDROOM

PARK AVENUE MEDICAL SPACE

PERFECT MEDICAL SPACE

Carnegie Hill | $775,000 | Prewar space in prime fullservice building and location. 3 consultation rooms, waiting room, bath, 4 windows facing Park Avenue, and high ceilings. Web# 1523244. Suzanne Sealy, SVP 212.891.7619 917.699.8871

Park Avenue | $899,000 | Sun-flooded medical space with gorgeous private Park Avenue entrance. 3 consultation rooms. Serious seller. Web# 1351851. Suzanne Sealy, SVP 212.891.7619

Beekman | $575,000 | This delightfully quiet 1-bedroom apartment features a generous traditional layout, wood burning fireplace and eat-in kitchen. A gem not to be missed. Web# 1556715. Louise Stocker 212.650.4824 Dakota Delirod 917.536.0552

ASKELLIMAN.COM

Average June rents Studio $3,248 1 bed $3,971 2 beds $6,606 3 beds $9,616 > 3 beds $21,135 Average second-quarter sale prices Studio $472,166 1 bed $972,764 2 beds $1.8M 3 beds $10.7M >3 beds N/A

Here’s the skinny: 36 Commerce Street.

Average discount off the sticker price 1.1% StreetEasy

The Isaacs Hendricks House is named for owners No. 1 and No. 2.

WITHSTANDING THE TEST OF TIME Commerce is a short street with a long past.

$6.9M townhouse has ties to Revolutionary War and the steamboat home with a past has an appeal.

The house has four floors—the top story was

And the West Village has one with a long his-

added only in 1928—and a brick façade that makes

tory that can be yours if you’re looking in the just-

it look younger than its 214 years. Probably the

under-$7 million range.

most telling feature of the home’s age is its wide-

The Isaacs Hendricks House is a Federal-style

plank hardwood floors. There’s nothing a bit dated,

clapboard farmhouse built in 1799 that hasn’t been

though, about its five fireplaces, marble baths and

up for sale since 1989 when French socialite Jac-

integrated alarm system.

queline Thion de la Chaume, the third ex-wife of

Around the corner, and next door to the legend-

actor Yul Brynner, snapped it up for an undisclosed

ary Cherry Lane Theatre, is another historic but

amount, according to Curbed.

not-so-old townhouse that is also ready for a new

The name of the property, the oldest in the neighborhood, comes from its first two owners.

owner. Its asking price is $8.75 million, according to the listing by Douglas Elliman.

Joshua Isaacs, a wholesale merchant who

Built in 1841, the home at 36 Commerce Street

served in the Revolutionary War, bought the land

measures only 21 feet across. Still, it has plen-

at 77 Bedford Street in 1794 and commissioned

ty of room on its four floors: seven fireplaces,

the house. He fell on hard times, though, and lost

six bedrooms, six baths, a half-bath, high ceil-

his home to creditors. Second owner Harmon Hen-

ings, wood plank floors and a gorgeous gar-

dricks had ties to the fight for independence, too,

den. Oh, and don’t forget central air conditioning.

as well as the first steamboat. He supplied copper

—Melanie Gray

both to freedom rider Paul Revere for artillery and to painter-turned-engineer Robert Fulton for the Clermont’s boiler, according to history books.

Luxury Listings NYC

JULY/AUGUST 2013

NEIGHBORHOODS

From hotels to homes…

A dip, drinks, dessert

Outdoor public pool in the West Village

Signature chocolate martinis at Ayza Wine & Chocolate Bar, 1 Seventh Avenue South

Zagat rating for Big Gay Ice Cream Shop at 61 Grove Street Sources: New York City, Ayza, Zagat

There’s a scent in the air

A couple of delicious smells are going to be wafting through the nabe soon.

Ian Schrager built his reputation by putting up edgy hotels across the country—Public in Chicago is his latest—but he has done his fair share of homebuilding, too. You might be familiar with ultra-luxe 40 Bond condos and townhouses in the thick of Noho and the 50 Gramercy Park North apartments.

Paris-based Annick Goutal perfumery is opening its first boutique in the U.S. at 397 Bleecker Street, near 11th Street. Until then, you’ll have to buy all your fragrances, skin-care products and scented candles in department stores or online.

And soon a Schrager project is coming to the Village. Mr. Hotel himself is teaming up with Area Property Partners to bring a 13-story residential tower to 156 Leroy Street and 357 West Street, which are side by side. Word is that the building will have 67 homes. 357 West Street

40 Bond Street

50 Gramercy Park

THE PRICIEST SALE: $29.8M

Bantam Bagels aren’t your run-ofthe-mill toasteds. On the contrary, they’re anything but. And they’re coming in September to 283 Bleecker Street, between Seventh Avenue and Jones Street. Maybe you need the Hangover, a cheddar egg bagel topped with melted cheddar and filled with bacon cheddar cream cheese. Or if you have a craving for wings, order the Buffalo. It’s not too tough to figure out what it’s stuffed with. Yum!

Courtney Love used to live here Address The Abingdon, 320 West 12th Street Type/size Condo; seven bedrooms, eight baths; 8,500 sf over three floors and 1,200 sf of outdoor space Hot Feature This place is huge— inside and out.

StreetEasy

Runners-up: $22.4M and $10.2M, both also at the Abingdon

Luxury Listings NYC

JULY/AUGUST 2013

THE TOWNHOUSE AT 250 WEST 10TH STREET that alt rocker Courtney Love, aka Kurt Cobain’s widow, once rented is for sale. Asking price for the 3,000-square-foot pad: $9.6 million, down from $11.4 million when it went on the market in 2011.

Private Mortgage Banking

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1. Wealth Management provides financial products and services through various banks and brokerage affliates of Wells Fargo & Company (Members NYSE/SIPC). This information is for real estate, builder, legal, and financial planning professionals only and is not intended for distribution to consumers or other third parties. Information is accurate as of date of printing and is subject to change without notice. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. ©2011 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801 AS982520 3/13-6/13

Average June rents Studio $2,355 1 bed $4,404 2 beds $8,590 3 beds $17,304 > 3 beds $33,825

Donald Judd was a furniture designer as well as a sculptor. His pieces are still available today. For more information, write: furniture@juddfoundation.org

Average second-quarter sale prices 1 bed $1.3M 2 beds $3.5M 3 beds $4.3M >3 beds $9.6M

Tours at the Judd home are at 1, 3 and 5 p.m. Tuesdays, Thursdays and Fridays; the charge is $25 for adults and $12.50 for students with identification.

Average discount off the sticker price 2.4% Source: StreetEasy

A Judd-designed bed graces one of the rooms in the late artist’s hometurned-museum at 101 Spring Street.

RECAPTURING A SCULPTOR’S SPIRIT IN THE HEART OF SOHO

Judd home transformed into a museum for his works home in Soho has been reincarnated into a

daughter, Smith wrote in the newspaper. Flavin

museum for the works of its late owner, Minimal

Judd, 45, and 42-year-old Rainer Judd refused to

sculptor Donald Judd.

sell the Soho property to support the ranch and stu-

The 19th-century cast-iron building is now open for guided 90-minute visits after a meticulous three-year renovation that cost $23 million.

For Judd, according to Smith, Soho’s many

Judd lived and worked on and off in the five sto-

cast-iron buildings appealed to his aesthetic of clean lines. As a sculptor, he truly appreciated the

died in 1994, when he was 65.

simple way that the structures were made: their iron

Today, the combination residence-studio, at 101

parts cast in sand, then put together.

Spring Street, looks virtually untouched by time,

Judd used each floor in his home for one activ-

Judd’s good friend and cataloguer Roberta Smith

ity. The fifth floor, for example, was for sleeping.

wrote in the New York Times.

He worked on the third floor. The family took their meals on the second floor.

raries whom he admired—Dan Flavin and Claes

Undoubtedly, the style would be considered

Oldenburg, to name just two—are in the same spots

stark by many—especially those who associate

where he put them. Unchanged, too, is the furniture:

home with comfort and warmth. Still, the build-

The artist made quite a few of the chairs, stools and

ing gives a glimpse of Judd’s softer side: Flavin’s

tables himself.

and Rainer’s grade-school ceramics projects are

The home’s transformation—extensive repairs to the cast-iron façade, new double-pane windows and frames and the installation of climate control— is a testament to the dedication of Judd’s son and

Luxury Listings NYC

or established in the late 1980s and early 1990s.

ries for nearly a quarter-century—from 1970 until he

Judd’s work, along with pieces by contempo-

dios in Marfa, Texas, that their father had acquired

JULY/AUGUST 2013

proudly displayed on a shelf-lined nook. “It pays homage to his life and vision,” Smith wrote, “but it is not just a shrine.” —Melanie Gray

NEIGHBORHOODS

Dips of all varieties

Smell good, look good

Outdoor public pool

$255

Cost per wedding guest for renting one of the two ballrooms at the Puck Building, at 295 Lafayette Street What is it about the French and fragrances? Don’t answer; all that matters is that they are masters of perfumery. More proof is Paris-based Diptyque, which is opening a shop at 242 Mott Street.

$65

Price of the 20-scoop Emack Attack sundae at Emack & Bolio’s at 73 West Houston Street Sources: New York City, New York magazine, Emack & Bolio’s

Foot Locker is slipping on a shiny new pair of kicks and shuffling from 541 Broadway down to 440 Broadway, between Howard and Grand streets.

And Crunch gym is moving from Lafayette Street on the edge of the nabe to the retail spot at 2 Cooper Square, at the Bowery and East 4th Street. Now, drop and do 50!

Paper & ink pads

36 Bleecker Street

The historic Sohotel New York

George Washington slept here … not exactly Sohotel New York, at 341 Broome Street, is the city’s oldest stopover for travelers. The boutique hotel has been a fixture since it opened near the Bowery in 1805. The 100-room landmark sits just north of where Gen. George Washington entered the Bowery and took command of the city. The last of the Lobsterbacks (aka British troops) high-tailed it back across the Pond, ending the Revolutionary War. And the rest, as they say, is history.

One more place to check out if you’re in the market to buy: Noho’s Schumacher, at 36 Bleecker Street. Once a printing factory, the sevenstory building already has sent out contracts on 10 of its 21 homes. All are lofts, with two to four bedrooms; the prices range from $3.75 million to $25 million.

THE PRICIEST LISTING: $42M

No room for baby Address 158 Mercer Street Type/size Condo; five bedrooms, five baths and five half-baths; 7,452 sf Hot Feature Three landscaped terraces … oh, my!

StreetEasy

And in the ‘place’ and ‘show’ positions: $24.5M at the Bayard, 76 Crosby Street, and $19.4 million at 419 Broome Street

New daddy Kanye West is quietly marketing his 25 West Houston Street bachelor pad. ASKING PRICE: $4.5 MILLION FOR THE FOURTH-FLOOR CONDO with a bathtub in the master bedroom. There’s no word on why, but it’s hard not to think it’s because the digs just aren’t right anymore for a family man. Reality TV star Kim Kardashian recently delivered a little bundle of girl joy.

Luxury Listings NYC

JULY/AUGUST 2013

Average June rents Studio $4,452 1 bed $5,711 2 beds $10,102 3 beds $16,454 > 3 beds $30,661

Oscar-winning documentarian Michael Moore, second from left, at a ground-breaking for Tribeca’s non-fiction movie theater, coming in 2015.

Average second-quarter sale prices Studio $990,757 1 bed $1.6M 2 beds $2.6M 3 beds $4M >3 beds $7.1M Average discount off the sticker price 0.6% Source: StreetEasy

A TRIBECA THEATER DEVOTED TO DOCUMENTARIES DCTV’s historic headquarters: a 1896 firehouse at Lafayette and White streets.

Historic stable is destined to be all non-fiction cinema

ocumentary junkies have been able to go on an

Corporation and the New York City Department of

annual two-week-long binge since the founding of

Cultural Affairs.

the Tribeca Film Festival 25 years ago. Soon, they’ll

When completed in 2015, the theater will have

be able to get a fix much more often—and still stay

73 seats, digital 4k projection systems and the

in the neighborhood.

technology to both broadcast live events and to

The Downtown Community Television Center,

or DCTV, is transforming a historic horse stable

Overseeing the design is architect Paul Alter,

into a non-fiction movie theater, the New York Ob-

who has worked with DCTV on renovations to its

server reported. Right now, the city has only one

headquarters. Alter, a principal of Lee H. Skolnick

all-documentary cinema—the Maysles Institute on

Architecture + Design Partnership, described the

Lenox Avenue in Harlem.

stable as beautiful but a challenge to renovate be-

DCTV bought the stable along with its headinto existence in the late 1970s; today, the media

cause of its poor acoustics. “It will really be an interesting transformation,” Alter told the newspaper.

arts nonprofit supports more than 13,000 aspiring

DCTV expects to attract 20,000 moviegoers in

filmmakers and producers annually through work-

the theater’s first year and “millions more online,”

shops and low-cost equipment rentals, according

according to the Tribeca Tribune.

to its website.

Luxury Listings NYC

net.

behind its offices at Lafayette and White streets

quarters, a firehouse built in 1896, when it came

link speakers at other locations through the Inter-

At a ceremony in May, Oscar-winning director

The conversion from stable to theater will cost

Michael Moore told the crowd that the country

$2.5 million in donations raised by DCTV and

desperately needs more documentary-only movie

grants from the Lower Manhattan Development

theaters. —Melanie Gray

JULY/AUGUST 2013

NEIGHBORHOODS

Going ape, you got mail and a sip of the grape

A trio of condos

$3.25

Price of a chocolate-covered frozen banana at Tribeca Treats, 94 Reade Street

Art gallery Mondo Cane might have to find another hangout when 174 Duane Street, at Hudson and Greenwich streets, is converted into homes. Right now, the shop doesn’t know what the future holds. Plans are still being firmed up, but the Colonnade Group is looking at adding a story to the fourfloor building and divvying up the space into three condos.

10013

Zip code for Tribeca, ranked by Forbes as the nation’s 14th most expensive

Wines tasted in a 60-minute wine class every Wednesday at Terroir|Tribeca, 24 Harrison Street Sources: Tribeca Treats, Forbes, Terroir|Tribeca

It’s been a long haul for Franklin Place, but the 20-story tower is finally going up. Word of the project first came in 2008— just before the housing collapse. Now, construction crews are busy at Franklin and White streets. And brokers are busy trying to make sales. The finish date is next year.

An 1893 cold-storage warehouse at 7 Harrison Street, in the Tribeca West Historic District, is being transformed into a dozen posh homes. No word yet on prices; sales launch this fall.

Mind the Gap

The Woolworth Building

Surely, you can’t be surprised: ubiquitous Gap is coming to 39 North Moore Street, between Hudson and Varick streets. The shop is now occupied by Cristina Dos Santos, but the interior designer is firm that she isn’t leaving the nabe. She’s checking out a couple of locations and expects to have something nailed down in a matter of weeks.

A Gap is never too far away.

THE PRICIEST RENTAL: $60K/MONTH

Come back to the five-and-dime The Woolworth Building—at 790 feet, the world’s tallest until 1937 when 40 Wall Street shot up 927 feet—officially marked its centennial on April 24. If you missed the big day at the tower near City Hall, the Skyscraper Museum also has an exhibit titled “Woolworth@100” through July 14.

Six degrees of … Kevin Bacon

Address 55 Warren Street Type/size Condo; four bedrooms, four baths and a half-bath; 5,924 sf and 1,300 sf of outdoor space Hot Feature Cool off outside in your very own “endless” pool

StreetEasy

In the same class: A rental for $50K a month at 270 Broadway, and another for $50K a month at 85 Leonard Street.

Kevin Bacon, star of Fox’s new megahit “The Following,” scoped out a threebedroom condo at 101 Warren Street, between Greenwich and West streets. ASKING PRICE: $6 MILLION. No word on whether actress wife Kyra Sedgwick took a look, too.

Luxury Listings NYC

JULY/AUGUST 2013

Average June rents Studio $2,597 1 bed $2,711 2 beds $4,254 3 beds $4,898 > 3 beds $11,287

The stoop of 544 East 13th Street is where Dawson was “discovered” by a photographer and a screenwriter.

Average second-quarter sale prices Studio $340,906 1 bed $696,214 2 beds $1,010,111 3 beds N/A > 3 beds N/A Average discount off the sticker price 2.9% Source: StreetEasy

THE SQUAT WHERE ROSARIO DAWSON GREW UP

Tenement where star’s mom still lives is focus of feud

ctress Rosario Dawson likes to tell how her mom and

But the fighting reportedly hit a fever pitch a few

step-dad created their own home from an abandoned

weeks ago when Celeste created a duplex for herself

squat at 544 East 13th Street. They remodeled an

by installing a staircase—without a building permit—

apartment and even installed the plumbing and wiring

from her ground-floor apartment to the basement.

in the tenement.

The other tenants contend she evicted a woman from

“If you want something better,” Dawson once told Marie Claire magazine, “you had to do it all yourself.”

The tenants angry at Celeste reported the work to

sold to the squatters for $1 each, the Villager reported.

the city. The Fire Department found a fire escape viola-

The goal behind the 2002 deal: permanently afford-

tion and issued a partial vacate order; the Department

able co-ops crafted out of the crumbling buildings.

of Buildings halted work on the building.

Work on most of the squats is either done or well

Celeste vehemently denied the accusations

underway; at 544 East 13th Street, though, the conver-

against her and suggested she is being targeted be-

sion is at a virtual standstill because of an old-fash-

cause of Dawson’s fame.

On one side is Dawson’s mother, Isabel Celeste, backed by family and friends. On the other side is everybody else. Charges and countercharges are flying: harass-

Luxury Listings NYC

cording to the Villager.

Today, the six-story squat is one of 11 that the city

ioned feud between two factions of occupants.

the basement apartment who was paying her rent, ac-

“My daughter is a celebrity or [else] nobody would care about me,” she said. But Celeste also struck an upbeat, somewhat conciliatory note, telling the Villager that she prays every day for her fellow tenants—even her “nemeses.”

ment, intimidation, theft of utility services. The build-

“Things are fine as far as I’m concerned,” she

ing, according to the newspaper, has been without

said. “We’re going to be working on the building, be-

natural gas since last fall and residents have had to rely

cause the building needs it. I’m excited about it.”

on hot plates for cooking and heating their bath water.

—Melanie Gray

JULY/AUGUST 2013

Isabel Celeste and her famous daughter

NEIGHBORHOODS

Strokes and licks

Coming down, going up

Outdoor public pools in the East Village and the Lower East Side

Courts in the Brian Watkins Tennis Center at East River Park, at Houston Street

116

Flavors of gelato at Il Laboratorio del Gelato, at 95 Orchard Street The old Ratner’s building at 100 Norfolk Street is coming down to make way for a 12-story tower with 38 condos, Bowery Boogie reported. Brooklynbased Urban-Scape paid $8.8 million for the site last year; Ratner’s, the legendary kosher dairy restaurant, used the property for offices and refrigeration space until it closed in 2002.

Mary Help of Christians—a now-vacant church, rectory and school at 12th Street and First Avenue—will be replaced with an apartment-retail complex if developer Doug Steiner gets the OK. Preservationists are concerned there could be burial plots under the church.

Pizza replay Nino’s Pizza is coming back to the nabe—to its original location, at St. Mark’s Place and Avenue A. Nino Camaj is reopening the joint that he had sold. The eatery closed after Hurricane Sandy, then reopened, then closed, then … you get the idea. Signs posted on the building proclaim pies are “comin’ soon.” No word, though, on the exact date that you can get a slice.

The past and the future: Nino’s Pizza

THE PRICIEST SALE: $2.9M

Sources: New York City, Il Laboratorio del Gelato

Bill Stelling and Patti Astor, 1981

Art history The East Village didn’t have a thriving art gallery scene when Fun Gallery opened in 1981. But the storefront showcase planted the seed that brought the work of cuttingedge talents to the neighborhood. Actress Patti Astor and Bill Stelling founded the gallery at 254 East 10th Street, between Second and Third avenues, which introduced graffiti as a genre. In its four short years, Fun Gallery was a positive force in the neighborhood, uniting the cool crowd of painters, hipsters, movie stars —and the official art world of museum directors and old-school collectors.

A Halle in the nabe, but not Berry Address Blue at 105 Norfolk Street Type/size Condo; three bedrooms, three baths; 2,186 sf Hot Feature This high-floor combo has three full exposures

StreetEasy

The runner-up: $2M condo at the Switch Building, 109 Norfolk Street

Digital start-up power couple Halle Tecco and Jeffrey Hammerbacher—she of Rock Health, he of Cloudera and formerly of Facebook—have FORKED OVER $1.8 MILLION TO ACTRESS CHLOE SEVIGNY FOR HER EAST VILLAGE DIGS. The co-op, at 119 East 10th Street, isn’t huge—one bedroom. It is gorgeous, though, scoring a feature once in House & Garden magazine.

Luxury Listings NYC

JULY/AUGUST 2013

We define our neighborhoods as much as they define us.

730 Fifth Avenue New York, NY 10019 212.242.9900

110 Fifth Avenue New York, NY 10011 212.633.1000

26 Astor Place New York, NY 10003 212.584.6100

530 LaGuardia Place New York, NY 10012 212.557.5300

88 Greenwich Street New York, NY 10006 212.269.8888

337 West Broadway New York, NY 10013 212.924.4200

45 Horatio Street New York, NY 10014 212.604.0300

239 East 79th Street New York, NY 10075 212.929.1400

TOWN Residential, LLC is a licensed real estate broker and proud member of REBNY. Town Residential LLC is a partnership with Thor Equities LLC.

* Photographs courtesy of Peter Aaron/Otto for Robert A.M. Stern Architects LLP. **Sponsor: 70 Greene Street LLC. **The complete offering terms are in an offering plan available from the sponsor. File number: CD100079

45 EAST 74TH STREET - TH 5 BR, 7.5 BATH

WEB ID: 935757

$30.0 M

820 PARK AVENUE * 4 BR, 4.5 BATH

WEB ID: 277209

WEB ID: 940344

5 BR, 7 BATH

WEB ID: 467066

$28.9 M

70 GREENE STREET - PH ** $13.9 M

50 GRAmERcy PARK NoRTH 3 BR, 4 BATH

80 wASHiNGToN PLAcE - TH

$10.8 M

5 BR, 5 BATH

WEB ID: 672744

$12.5 M

100 cENTRAL PARK SoUTH 3 BR, 3 BATH

WEB ID: 888708

$8.35 M

Elegant and Timeless Estate Rumson, New Jersey

July 31, 2013

Majestic Waterfront Views • 12,000+/- Square Foot 3-Story Custom Designed Estate • Magnificent domed entrance highlighted by stately sweeping staircase • Entertain in the Grand Ballroom or on the expansive Terrace with sweeping views of the Navesink and Shrewsbury Rivers • Gourmet kitchen, Stately first floor library, Music room and all the amenities you desire • Spectacular terrace with infinity edge pool and pool house • Launch your boat from the boat lift for a leisurely cruise on the rivers or a quick trip to Sandy Hook Bay

For property details and video tour, go to www.maxspann.com “Broker’s invited”

• Beautiful Three Bedroom Guest house

Preview this One of a Kind Property July 7th & 14th 12- 2PM and July 23rd 4-6 PM

(888) 299-1438 / maxspann.com “Max Spann Auction Company - Auctioning the finest properties for over 50 years” NEW YORK: 370 Lexington Avenue, Suite 1206, New York, NY 10017 / NEW JERSEY: P. O. Box 4992 Clinton, New Jersey 08809

Average June rents Studio $2,935 1 bed $3,750 2 beds $5,121 3 beds $7,481 > 3 beds $11,618

The Corbin Building is awash in detail.

Average second-quarter sale prices Studio $587,942 1 bed $1,059,673 2 beds $1,390,403 3 beds N/A > 3 beds N/A Average discount off the sticker price 5.1% StreetEasy

Commuters rejoice! The Fulton Center, a new subway hub, is only a year from being finished.

SOMETHING OLD, SOMETHING NEW

State-of-art transit station saves an antique bank

istory doesn’t necessarily stand in the way of

ter through the Corbin Building, designed by Francis

progress.

Hatch Kimball and paid for by financier Austin Corbin,

Only a decade ago, the Corbin Building—finished

who rescued the ailing Long Island Rail Road in 1880.

in 1889 and looking every bit of its 115 or so years—

The ground floor will have shops and the upper

looked like it would have to come down to make way

floors could be transformed into more stores, offices

for a subway hub.

or even a hotel. Right now, the authority is negotiating

The Metropolitan Transportation Authority cer-

tainly wasn’t going to move its Fulton Center, which will finally bring order to the 2, 3, 4, 5, A, C, J and Z lines when it opens next year.

with private developers. When the Corbin Building opened, the Corbin Banking Company occupied the ground floor. “It would be interesting if we could get a bank

But MTA officials also weren’t so hard-hearted

as the anchor tenant,” Michael Horodniceanu, who

that they weren’t willing to listen when preservation-

oversees MTA’s capital construction division, told the

ists made a convincing case to save the exquisite

newspaper.

albeit dilapidated eight-story antique, the New York Times reported.

The rehabilitation required structural overhauls as well as cosmetic touches. For example, installing es-

And the building, at 192 Broadway, even helped it-

calators called for foundation work. The digging went

self: The basement would link the transit center and

so deep that all kinds of artifacts turned up: a clay

the Dey Street Concourse, an underground passage-

pipe with an eagle carved on the bowl, two 1880s led-

way to the World Trade Center.

gers filled with handwritten stock trades, and an 1889

Today, inside and out, the Corbin Building shines like a new penny. The restoration cost $67.4 million of the $1.4 billion transit center budget, slightly less than 5 percent.

newspaper with a headline that read “A New Madison Square Garden.” Mark Twain was wrong when he claimed history doesn’t repeat itself. —Melanie Gray

Subway riders will be able to enter the Fulton Cen-

Luxury Listings NYC

JULY/AUGUST 2013

NEIGHBORHOODS

Fruits and veggies, rockets and the crawl

Work off that sandwich Yes, you can eat a Hook & Ladder. We thought that would get your attention. The sub—turkey breast, Virginia honey ham and melted Monterey Jack, served “fully involved,” whatever that means—is a specialty of Firehouse Subs, a 19-year-old sandwich chain that wants to open at the World Trade Center retail mall, which won’t be under construction until 2014.

50 feet

Length of the lap pool at William Beaver House, at 15 William Street

Varieties of organic produce and plants grown at Battery Urban Farm, in the historic Battery

$350

Price of an adult ticket for the July 4th Fireworks Sail aboard the Clipper City, a replica of a 19th-century schooner Sources: Douglas Elliman, the Battery Conservancy, Manhattan By Sail

And after you chow down, burn off those calories at Planet Fitness. The nationwide network of gyms will be opening at the Cunard Building, 25 Broadway at Bowling Green. 51 Park Place: Plans are up in the air.

Q & A

What is important to buyers looking in the neighborhood and how is that changing? Previously, a good portion of sales were studios and one-bedrooms—and largely driven by investors. Now, we are seeing more people [buy to actually live in their apartments]. … Buyers are looking for more square footage and at pricier apartments, and that’s reflected in the volume of combination sales and penthouse sales we are seeing. —JULIA SPILLMAN of Douglas Elliman

WHAT $2 MILLION BUYS IN FIDI

Hallowed homes A condo tower could go up on the site of the stalled “ground zero mosque,” and the developer would be the same. Sharif ElGamal touched off a worldwide firestorm three years ago when he proposed building a 15-story Islamic cultural center at 51 Park Place, only blocks from the 9/11 terrorist attacks. Now, El-Gamal is planning to get his Park51 project back on track by converting the former Burlington Coat Factory building into luxury homes with prayer space.

Down on the (Phat) Farm

Address W Downtown Hotel & Residences, 123 Washington Street Type/size Condo; two bedrooms, two baths; 1,175 sf Hot Feature It’s all about the views: the water, Lady Liberty and, of course, the skyline

StreetEasy

In the same club: $1.9M for a condo at Downtown by Philippe Starck at 15 Broad Street, and $1.8M for a condo at 15 William Street

Luxury Listings NYC

JULY/AUGUST 2013

Hip hop pioneer Russell Simmons, who went on to Phat Farm clothing fame, has shaved $2 million off the price of his duplex penthouse, which has been languishing on the market. Now, Simmons wants only $9 MILLION FOR THE FIVEBEDROOM SHOWCASE AT 114 LIBERTY STREET, between Greenwich and Church streets.

TRES CHIC TERRACES

ÂŠ 2013 Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed Equal Housing Opportunity. reliable, but should be verified by your own attorney, architect or zoning expert.

40 BOND STREET | $ 27MILLION | Full floor, full services, 4 bedrooms, 4-5 bathrooms, 2 studies, 140ft south-facing frontage. Web# 1581654.

THE LUXURYLOFT TEAM

LEONARD STEINBERG 212.727.6164 HERVE SENEQUIER 212.727.6162

144 DUANE STREET | $ 49,5MILLION Mega-loft-mansion. Web# 1309502.

270 BROADWAY | $ 12,5MILLION Duplex penthouse, 5 bedrooms and bathrooms. Web# 1486232.

$65 million: 351 Bridge Lane, Sagaponack On Sagg Pond, this property covers 33 acres, with 19 preserved as open space. The 11,700-square-foot home, built in 2000, has seven bedrooms, a wood-paneled library, a heated gunite pool and six fireplaces. The owner—Robert Hurst, the retired vice chairman of Goldman Sachs—put it on the market about a year ago.

Average June rent $52,797 Average second-quarter sales price $1.1M Average discount off the sticker price 8.4% StreetEasy

THE HAMPTONS FIVE

These homes have price tags that are outta this world

t’s summer, the season meant to be spent at your

cheap, with most in the $10 million range, according

vacation home—far from the oppressive heat blast-

to Jonathan Miller, president of the appraisal firm

ing through Manhattan’s subway grates.

Miller Samuel.

But it’s also a time to hunt for a house if you don’t

There is a handful, though, that you really won’t

have a getaway or want a different one. And there are

be able to afford. Here they are—the top five most

plenty to choose from on Long Island’s South Fork.

expensive homes in the country’s most exclusive

Uber-luxury digs in the Hamptons don’t come

$75 million: 20-30 West End Road, East Hampton

$60 million: 939 Scuttlehole Road, Bridgehampton

Courtney Ross, widow of the late Time Warner honcho Steven Ross, decided to sell her estate this spring. The main house has four bedrooms; there’s also a three-bedroom guest house on the property, which includes a barn and a heated pool. The 5.4-acre spread doesn’t have any oceanfront, but it does have access to coveted Georgica Pond.

This 60-acre spread might be far from the ocean—north of the “highway,” officially known as Route 27—but it has a name: Three Ponds Farm. The property includes an eight-bedroom home, designed by architect Allan Greenberg; a nine-hole golf course; a grass tennis court; formal gardens; and, of course, three ponds. The owner, who has not been publicly identified, put it up for sale five years ago.

$55 million: 231, 491 and 849 Hayground Road, Bridgehampton

$44.9 million: 249 Further Lane, East Hampton

These three adjoining parcels make up Two Trees Farm, dairy land that developer David Walentas has turned into a horse showplace. On the grounds: two residences, each with four bedrooms. Walentas put his property on the market in 2008 with a $95 million price tag.

Luxury Listings NYC

JULY/AUGUST 2013

hamlets.

This 17,000-square-foot, 10-bedroom home has a sunken tennis court, basketball court and heated gunite pool. The owner, who also hasn’t been named, has been hoping for a buyer for more than a year.

NEIGHBORHOODS

A family affair, a bus fare and a swell time

Getting grounded—three ways

Years that the Hughes family has been operating the Sandy Hollow Day Camp in Southampton The Southampton Town Board and the Southampton Village Board are considering whether to redraw the village’s boundaries so a condo complex can go up. Beechwood Organization is planning to build the Bishops Pond at Southampton Village—77 villas and townhouses as well as a tennis court, a clubhouse and a swimming pool. The location is the site of a former sand mine and composting operation; part of the land is in an unincorporated area of Southampton Town, but Beechwood wants the complex to lie within the village. The boards are expected to vote on the matter before fall.

$53

Daily round-trip fare from New York City on the Hampton Jitney

$125

Cost of a private lesson at East End Surf in Montauk Sources: Sandy Hollow, Hampton Jitney, East End Surf

A 450-acre swath in Southampton won’t be undeveloped much longer. Brothers Bryan and David Becker, and Michael Meldman are planning to build at least 80 homes—priced at $3 million to $4 million each.

One of the condos in Sag Harbor’s old Bulova Watchcase Factory is ready for tours. When the work is done in 2014, Watchcase will have 64 homes, including 17 bungalow apartments and townhouses.

Q & A

What is important to buyers looking in the area and how is that changing? The Hamptons has traditionally been [for] single-family residences. The rare condominium offerings have lacked key amenities and services geared to luxury living. For the first time, options for ownership have changed dramatically. Watchcase in the heart of Sag Harbor Village establishes the benchmark for luxury condominium, resortstyle living in the Hamptons. —GORDON HOPPE of Corcoran Sunshine Marketing Group

A PRICEY RENTAL: $250K/MONTH

The window of Isaac Mizrahi New York

There’s no such thing as too many boutiques Southampton’s Main Street is going to be a little more crowded. And the new face is one well known to the well-heeled: Isaac Mizrahi. The designer’s retail brand, Isaac Mizrahi, is opening its first store at 44A Main Street. Of course, the store will carry apparel and fragrances—and one-of-akind handbags. Get ready, set, shop!

Whoa! J-Lo

Address Water Mill Type/size Six bedrooms, five baths; 7,500 sf Hot Features The grand master suite has two decks. Outside is a putting green for practicing your short game.

StreetEasy

In the same class: $250K/month for an oceanfront acreage in Amagansett, south of Further Lane

JENNIFER LOPEZ IS FORKING OVER $10 MILLION FOR AN ESTATE in Southampton’s Water Mill neighborhood. The privacy afforded by the 8,659-square-foot summer home—three acres on a culde-sac—sealed the deal for the Grammy award–winning singer. Sorry, paparazzi.

Luxury Listings NYC

JULY/AUGUST 2013

Average June rent Single-family $21,647 home Average second-quarter sale price Single-family $433,203 home Average discount off the sticker price 0% Source: StreetEasy

Pindar Vineyards in Peconic is for sale, sort of. The owners would let it go for the right price.

TOILING IN (AND SELLING OFF) THE VINEYARDS OF THE EAST

Will more foreign investors want to start making wines?

he North Fork is Long Island’s Tuscany. It is a land lush with dozens of vineyards and wineries, many family-owned operations that haven’t changed hands for decades. Now, though, a few are up for sale—and they aren’t cheap, the North Fork Patch reported.

And Martha Clara Vineyards in Riverhead is around 220 acres and is listed for close to $30 million. Early this spring, Southport Lane bought Lieb

Pindar Vineyards covers 500 acres in Peconic,

Cellars and Premium Wine Group of Mattituck; the private equity firm paid an undisclosed amount,

ing doesn’t give a price. A family member, however,

Newsday reported. Another high-profile sale was

told Newsday that a buyer who offers $65 million just

the former Ackerly Pond Vineyard to David Shanks,

might end up with a successful business that grows

the CEO of publisher Penguin Group USA. Last year,

17 varieties of grapes.

Shanks bought 46 acres of the property and founded Surrey Lane Vineyard.

1980 by Dr. Dan Damianos and now run by his three

Alishahi, the Sun Properties broker, approached

sons. The brothers only agreed to consider selling

the vineyards because he has buyers who are inter-

their operation after being approached by broker

ested in wine making on a grand scale.

Amir Allen Alishahi of Sun Properties, who has the

“I have a lot of international clients looking to buy

listing for the property, co-owner Jason Damianos

a vineyard in Napa and Sonoma, as well as South

told Newsday.

America,” he told Patch.

“We’re not actively trying to sell it,” he said. And brother Pindar Damianos, told Patch: “We would entertain offers. We would be dumb if we didn’t.”

Luxury Listings NYC

Asking price for the 61 acres is $6.6 million.

making it the East End’s biggest, but an online list-

The vineyard is into its fourth decade, started in

Palmer Vineyards of Aquebogue went on the market three years ago after founder Bob Palmer died.

JULY/AUGUST 2013

“A few of them have shown interest in purchasing something [near] New York City.” —Melanie Gray

NEIGHBORHOODS

A natural pairing: Cheese and wine

Boats and buses, plus crafts and S’mores

Floating boat slips at Greenport Village’s Mitchell Park Marina

$220

If you want something to nosh on when you’re relaxing at Peconic’s Winemaker’s Studio, you don’t have to go very far. Anthony and Sarah Nappa have opened a food market next door to their tasting room. The shop, called Provisions & Ingredients, is where Taste of the North Fork used to be. And even better news: Provisions is selling Taste of the North Fork products.

Price of a “North Fork Value Pack”— 12 tickets—between New York City and the North Fork on the Hampton Jitney

$225

Weekly tuition for preschoolers at North Fork Summer Camp in Laurel Sources: Mitchell Park Marina, Hampton Jitney, North Fork Summer Camp

Winemaker Adam Suprenant has opened a tasting room in Cutchogue for his private label, Coffee Pot Cellars, which he founded in 2011. Suprenant, whose day job is at Osprey’s Dominion in Peconic, is pouring four wines at 31855 Main Road.

The Roaming Food Truck is now tooling around the North Fork. Stephanie Pincar and Joseph Coleman are serving up standard fare with a gourmet twist. An example: fish tacos with radish and jalapeño sauce. Hey, stop that truck! Floyd Memorial Library

Good things are worth waiting for

Kontokosta Winery

After being in the works for years, the Kontokosta Winery in Greenport is now open to the public. Its offerings include tastings, of course, as well as tours of the 62-acre vineyard, and rental space for weddings and parties. Brothers Michael and Constantine Kontokosky expect to produce 3,000 cases of the grape each year.

A library named for a different Floyd Drive long enough on Long Island and you’ll come across something named for William Floyd, a homegrown politician who signed the Declaration of Independence. In Greenport, though, the Floyd Memorial Library is named for Floyd’s grandson, David Gelston Floyd. Grace Floyd donated the stone building in 1917 to honor her father. A $1.3 million expansion opened in 1999.

PRICEY RENTAL: $40K/MONTH

Going (Lady) Gaga Location Compound in Orient Point on Long Island Sound Type/size Six bedrooms, five baths; 6,000 sf Hot Feature Dine alfresco on the screened-in porch while the sun sets over your own private beach

StreetEasy

Most expensive homes for sale: $7.9M waterfront estate in Mattituck, and a $7M waterfront compound in Greenport with eight acres (and its own hiking trails)

CHART-TOPPER LADY GAGA TURNED HEADS when she showed up in Riverhead last month to grab a bite with Kate Upton, Cameron Diaz and Leslie Mann. The actresses were on the Island filming “The Other Woman,” also starring Gaga beau Taylor Kinney.

Luxury Listings NYC

JULY/AUGUST 2013

LISTINGS

NYC’s

Premier

Properties

$125,000,000

795 Fifth Avenue PHE-PHW on Upper East Side Co-op: 16 rooms, 5 beds, 6 baths and 2 half-baths | Amenities: 5 fireplaces, interior elevator, staff bedroom | Maintenance: $42,720 | Listing ID: S846512

The penthouse, at The Pierre Hotel, covers the 41st, 42nd, and 43rd floors. Beautiful 360-degree views of Manhattan are found in this incomparable property. The residence encompasses 16 grand rooms. The living room is considered the most magnificent privately-owned room in the world. This elegant space includes the hotel’s original ballroom. Listed by Elizabeth Lee Sample, 212-606-7685; Brenda S. Powers, 212-606-7653; Serena Boardman, 212-606-7611, serena.boardman@sothebyshomes.com.

151 East 58th Street #PH51W in Midtown

$115,000,000

Condo (9,000 sf): 16 rooms, 4 beds, 5 baths and 5 half-baths | Amenities: Doorman, Green Building | Common Charges: $13,357 | Maintenance: $11,426 | Listing ID: S851649 For the first time ever, this extraordinary apartment, the only duplex at Beacon Court, is being offered for sale. Charles Gwathmey’s vision was to create the most sophisticated, stunning and elegant apartment in New York City. The level of custom finishes throughout this approximately 9,000 sf home will astound you. A magnificent double-height living room with 24-foot ceiling and two walls of windows look out onto unbelievable views. Listed by Deborah Grubman, 212-836-1055, dg@corcoran.com.

Luxury Listings NYC

JULY/AUGUST 2013

Log on to LLNYC.com and use the Listing ID to find out more about the listings.

LISTINGS

NYCâ&#x20AC;&#x2122;s

Premier

Properties

$95,000,000

781 Fifth Avenue #18 FL in Midtown Condo: 15 rooms, 7 beds, 8 baths | Amenities: Doorman, Pets Allowed | Common Charges: $60,000 | Listing ID: S739328

This full floor at the legendary Sherry Netherland is an exceptional residence that represents the finest in New York living. Crafted to captivate the most discerning of tastes, this home is enveloped by the most magnificent terraces offering unrivaled views of Central Park. Listed by Lisa Simonsen, 212-702-4005, lsimonsen@elliman.com.

15 Central Park West #35AB on Upper West Side

$85,000,000

20 West 53rd Street #PH in Midtown

$60,000,000

Condo: 12 rooms, 5 beds, 6 baths | Amenities: Fireplaces, Doorman, Gym Common Charges: $7,349 | Maintenance: $5,136 | Listing ID: S913820

Condo (7,381 sf): 11 rooms, 5 beds, 5 baths and 5 half-baths | Amenities: Gym Common Charges: $19,060 | Maintenance: $13,952 | Listing ID: S831172

Located on the 35th floor of 15 Central Park West, this residence is the buildingâ&#x20AC;&#x2122;s only post-construction combination unit. Listed by Emily Beare, 212-726-0786, ebeare@corenyc.com.

The pinnacle of Baccarat Residences, this penthouse duplex is an extraordinary home of generous proportions. Listed by Baccarat Sales & Design Cntr, 212-765-5300, info@baccaratresidencesny.com.

Log on to LLNYC.com and use the Listing ID to find out more about the listings.

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LISTINGS

NYCâ&#x20AC;&#x2122;s

Premier

Properties

25 East 77th Street #PH on Upper East Side

1 Central Park South #PH2009 on Central Park South

$59,000,000

Condo (9,799 sf): 12 rooms, 6 beds, 8 baths | Amenities: Garden, Patio, Fireplace Common Charges: $42,083 | Listing ID: S667834

Condo (6,319 sf): 10 rooms, 4 beds, 5.5 baths | Amenities: Gym, Garden, Elevator Common Charges: $8,238 | Maintenance: $8,517 | Listing ID: S915201

The five-star Mark Hotel is widely considered the ultimate luxury boutique hotel on the Upper East Side, long the neighborhood of choice for New York Cityâ&#x20AC;&#x2122;s elite. Listed by Leighton Candler, 212-937-6677, lcc@corcoran.com.

On the corner of Fifth Avenue and Central Park South, this penthouse is one of the most exceptional residences in The Plaza condominium. Listed by Kyle Blackmon, 212-588-5648, kblackmon@bhsusa.com.

990 Fifth Avenue 12/13/14-FL on Upper East Side

$60,000,000

$50,000,000

135 East 79th Street #PH19 on Upper East Side

$50,000,000

Co-op: 13 rooms, 5 beds, 5 baths and 2 half-baths | Amenities: Elevator, Fireplace Maintenance: $23,082 | Listing ID: S927414

Condo (8,987 sf): 12 rooms, 6 beds, 8.5 baths | Amenities: Doorman, Patio, Fireplace Common Charges: $16,965 | Monthly taxes: $10,341 | Listing ID: S819512

This stunning Candela penthouse triplex has extraordinary park views, a private elevator, a dramatic irrigated terrace, magnificent paneling, five fireplaces with carved mantels, single-pane windows and hand-carved moldings. Listed by Lois Nasser, 212-606-7706, lois.nasser@sothebysrealty.com.

This extravagant duplex has a formal dining room, library, sitting room, kitchen with breakfast room, wet bar, utility room, morning kitchen and an elevator. Listed by Corcoran Sunshine Marketing Group, 212-634-6500, info@corcoransunshine.com.

Luxury Listings NYC

JULY/AUGUST 2013

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144 Duane Street in Tribeca

$49,500,000

57 East 64th Street on Upper East Side

$48,000,000

Townhouse (23,100 sf): 8 beds, 10 baths | Amenities: Fireplace Monthly taxes: $13,083 | Listing ID: S599299

Townhouse (14,000 sf): 18 rooms, 7 beds | Amenities: Roof Deck, Elevator Monthly taxes: $13,083 | Listing ID: S768029

Built in 1862, and recently gut renovated to the highest standards, this exceptional limestone loft mansion is a one-of-a-kind masterpiece. Listed by Herve Senequier, 212-727-6162, hsenequier@elliman.com.

The fabled Gilded Age of New York is perfectly exemplified by this Beaux Arts limestone mansion, designed by renowned architect C.P.H. Gilbert. Listed by Beverly Cole, 917-533-4167, bcbeverlycole@gmail.com.

$44,000,000

145 Hudson Street #PH in Tribeca

Condo (7,493 sf): 8 rooms, 4 beds, 4 baths and 1 half-bath | Amenities: Fireplace, Terrace, Garden, Loft | Common Charges: $12,282 | Monthly taxes: $8,750 | Listing ID: S689350 The living room boasts 18-foot ceilings and features a floor-to-ceiling plain-sawn cherry wood hearth, which contains a wood-burning fireplace. The kitchen features top-of-the-line fixtures and appliances with custom white lacquer cabinets and bluestone counters. Listed by Heather McDonough, 212-321-7164, heather.mcdonough@elliman.com.

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$42,000,000

158 Mercer Street #PH in Soho

Condo (7,452 sf): 11 rooms, 5 beds, 5 baths and 5 half-baths | Amenities: Doorman, Fireplace, Terrace | Common Charges: $6,870 | Monthly taxes: $4,738 | Listing ID: S839542 The journey begins when you step off the elevator into the lower-level foyer. Off the foyer is the massive great room, which has a wood-burning fireplace, a dining area and a modern chef’s kitchen. On this level is the outstanding master bedroom suite with a dressing room and marble bath. Also on this level: four bedrooms, each with a bath. Listed by Deborah Grubman, 212-836-1055, dg@corcoran.com.

34 East 62nd Street on Upper East Side

$40,000,000

123 Washington Street PH-55-56 in FiDi

$40,000,000

Townhouse (8,040 sf): 8 rooms, 4 beds, 4 baths | Amenities: Fireplace Monthly taxes: $11,493 | Listing ID: S765674

Condo (12,000 sf): 40 rooms, 18 beds, 18 baths | Amenities: Doorman, Gym Common Charges: $17,800 | Monthly taxes: $1,218 | Listing ID: S887587

Acclaimed architect Preston Phillips sets a new standard for townhouse living. This site is a development to be completed on sale. Listed by Nikki Field, nikki.field@sothebyshomes.com.

This duplex penthouse is at the Residences at W New York–Downtown. It has sweeping 360-degree views of the 9/11 Memorial, the New York Harbor and the Statue of Liberty. Listed by Richard Nassimi, 212-875-4064, rnassimi@corcoran.com

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247 Central Park West on Upper West Side

$37,000,000

502 Park Avenue #PH24 in Midtown

$35,000,000

Townhouse (12,000 sf) : 5 beds, 6 baths and 2 half-baths | Amenities: Terrace Monthly taxes: $3,833 | Listing ID: S878779

Condo (6,192 sf): 12 rooms, 5 beds, 7.5 baths | Amenities: Doorman, Gym, Elevator Common Charges: $7,424 | Monthly taxes: $8,848 | Listing ID: S891126

One of the few remaining single-family homes on Central Park. Built in 1887 by developer William Noble for his own residence. Listed by Vannessa Kaufman, 212-606-7639, vannessa.kaufman@sothebyshomes.com.

In a premier prewar condominium, this exceptional penthouse residence has a private elevator and incredible light. Listed by Michelle E. Griffith, 212-247-7000, mgriffith@trumpic.com.

$33,000,000

400 Fifth Avenue PH duplex in Midtown Condo (5,645 sf): 10 rooms, 4 beds, 6.5 baths | Amenities: Pets Allowed, Gym | Common Charges: $9,642 | Listing ID: S864904

This penthouse duplex will feature panoramic views to the north, east and west sitting atop the 59th and 60th floors. Wraparound floor-to-ceiling windows will give views of both the East and Hudson rivers as well as such landmarks as the Chrysler building and New York Public Library. Listed by Andrew Anderson, 212-727-6153, aanderson@elliman.com.

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$30,000,000

45 East 74th Street #TH on Upper East Side Townhouse: 5 beds, 7.5 baths | Amenities: Fireplace, Garden, Roof Deck | Listing ID: S915283

A representative of architectural craftsmanship and design that pays homage to the sense of elegance characteristic of the historic Upper East Side. In a style reminiscent of Renaissance architecture, the home also draws inspiration from classic Italian icons, perfectly integrated with warm and rich contemporary interior design. Listed by Brett Miles, 646-998-7427, brett@townrealestate.com.

$30,000,000

15 Central Park West #7C on Upper West Side Condo (3,454 sf): 7 rooms, 3 beds, 3.5 baths | Amenities: Doorman, Pool, Terrace | Common Charges: $4,846 | Monthly taxes: $2,375 | Listing ID: S880776

This architect-designed residence in the exclusive House section of 15 Central Park West, Manhattan’s most coveted condominium, is the pinnacle of luxury. A painstaking, no-expense-spared renovation has ensured that every detail exudes modern elegance and comfort—from the rift-cut oak millwork to the fullyintegrated Crestron system that controls all lighting, window shades and audio/visual components. Listed by Nora Ariffin, 212-381-2249, nariffin@halstead.com.

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$29,900,000

995 Fifth Avenue 15th FL on Upper East Side Condop (8,360 sf): 15 rooms, 6 beds, 7 baths and 5 half-baths | Amenities: Doorman, Elevator, Fireplace | Common Charges: $37,069 | Listing ID: S821820

This magnificent home is completely brand new, having undergone a total renovation using the finest materials and finishes. It is the ultimate in luxury. A private elevator entry opens to a grand and elegant gallery, which leads to a massive 42-foot-wide living room, flanked by the corner dining room and the library. Listed by Sabrina Saltiel, 212-350-2205, ssaltiel@elliman.com.

$28,900,000

80 Washington Place #TH in Greenwich Village Townhouse (8,757 sf): 5 beds, 7 baths | Amenities: Garden, Elevator, Fireplace, Roof Deck | Monthly taxes: $1,968 | Listing ID: S883162

Built in 1839 in classical Georgian style, 80 Washington Place is a single-family townhome nestled steps from the vibrant Washington Square Park. A three-year restoration by developer William Rainero, with the help of the award-winning architectural team of Clodagh Design, has transofrmed this 22.5-foot-wide house into a state-of-the-art Greenwich Village masterpiece. Listed by Robert Dvorin, 917-365-0040, rdvorin@townrealestate.com.

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163 East 64th Street on Upper East Side

$27,500,000

Townhouse: 5 beds, 8 baths | Amenities: Garden, Patio, Fireplace | Listing ID: S900168 This elegant Neo-Georgian-style townhouse, on one of Manhattan’s most desirable blocks on the fashionable Upper East Side, is the very embodiment of refinement and style. Listed by Michelle Evi Bourgeois, 917-843-3447, mbourgeois@townrealestate.com.

39 East 74th Street on Upper East Side

$27,500,000

Townhouse: 16 rooms, 7 beds, 5 baths | Amenities: Elevator, Dumb Waiter Listing ID: S794301 Built in 1879 by James E. Ware, this home underwent a meticulous renovation in 2007 orchestrated by Diamond Baratta Design. Listed by Carrie Chiang, 212-836-1088, ccc@corcoran.com.

$25,000,000

40 Bond Street #8TH FL in Noho Condo (5,364 sf): 12 rooms, 4 beds, 4 baths | Amenities: Doorman, Fireplace, Gym | Common Charges: $10,153 | Monthly taxes: $3,777 | Listing ID: S848663

This Ian Schrager property, designed by Pritzker Prize–winning architects Herzog & de Meuron, is surrounded by iconic cast-iron buildings on the most desirable block in Noho. This full-floor, David Mann–designed apartment has almost 140 feet of south-facing frontage, overlooking a lushly landscaped Jeff Mendoza– designed 20-foot-deep terrace. Listed by Herve Senequier, 212-727-6162, hsenequier@elliman.com.

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$25,750,000

969 Fifth Avenue 11/12 FL on Upper East Side Co-op: 8 rooms, 4 beds, 3.5 baths | Amenities: Doorman, Fireplace | Maintenance: $14,970 | Listing ID: S771176

This duplex, in a distinguished cooperative, has magnificent Central Park views. On the southeast corner of 78th Street, this classic pre-war 11-into-8 room home has been meticulously renovated with no stone left unturned. Listed by Raphael De Niro, 212-460-0655, deniroteam@elliman.com.

$25,000,000

21 East 26th Street #PH in NoMad

Condo (6,540 sf): 15.5 rooms, 4 beds, 6 baths and 5 half-baths | Amenities: Doorman, Gym | Common Charges: $7,860 | Monthly taxes: $14,322 | Listing ID: S817038 The magnificent home at The Whitman is spread out over two full floors. Among its many features: four terraces totaling more than 3,000 square feet and ceiling heights up to 12’4”. Private storage is included. Listed by Melanie Lazenby, 212-727-6131, mlazenby@elliman.com.

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150 Columbus Avenue #PH3B on Upper West Side

$24,900,000

Condo (5,500 sf): 10 rooms, 5 beds, 6 baths and 5 half-baths | Amenities: Doorman, Pets Allowed | Common Charges: $6,400 | Monthly taxes: $6,608 | Listing ID: S796494 The tour begins in an elegant windowed foyer. The spectacular, oversized living room has soaring double-height ceilings and dramatic south- and east-facing views. The grand scale of this apartment is complemented by an amazing setback terrace of nearly 1,100 sq ft. Listed by Deborah Grubman, 212-836-1055, dg@corcoran.com.

76 Crosby Street #PH in Soho

$24,500,000

Condo (6,792 sf): 14 rooms, 5 beds, 4.5 baths | Amenities: Doorman, Loft, Fireplace, Elevator | Common Charges: $9,628 | Monthly taxes: $4,306 | Listing ID: S792980 This home offers room to grow and then some. It has five bedrooms but a little creativeness can turn the five into seven. The space has soaring 12’3” ceilings, lit by way of window after window. Enter through a gracious foyer into the spectacular living room sun-kissed by an enormous skylight. Listed by Raphael De Niro, 212-460-0655, deniroteam@elliman.com.

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$23,000,000

36 Bleecker Street #PHB in Noho

Condo (4,546 sf): 15 rooms, 4 beds, 4.5 baths | Amenities: Great Room, Fireplace, Terrace | Common Charges: $5,902 | Monthly taxes: $6,887 | Listing ID: S924474 The ultimate in penthouse living atop The Schumacher. Glamorous 4-bedroom, 4-bathroom plus powder room duplex condominium home with soaring approximately 13’ ceilings, and a breathtaking upper level with entertaining lounge, terraces, and jaw-dropping master bedroom suite in which the magnificent vaulted ceilings reach approximately 16’. Listed by John Gomes, 212-891-7676, jgomes@elliman.com.

169 Hudson Street #PH7N in Tribeca

$24,000,000

$23,500,000

16 East 95th Street on Upper East Side

Condo (6,054 sf): 8 rooms, 4 beds, 4.5 baths | Amenities: Doorman, Fireplace Common Charges: $6,168 | Monthly taxes: $5,682 | Listing ID: S792181

Multi-family (8,000 sf) | Amenities: Patio, Fireplace, Elevator Monthly taxes: $3,073 | Listing ID: S879930

This stunning and masterfully crafted duplex is a rare combination of movein comfort and super-star elegance. Listed by Liz Dworkin, 212-906-0509, ldworkin@bhsusa.com.

On one of the most desirable residential blocks in Carnegie Hill, just off Fifth Avenue and steps from Central Park. Listed by Leighton Candler, 212-937-6677, lcc@corcoran.com.

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$22,000,000

1 York Street 10TH FL in Tribeca Condo (5,350 sf): 4 beds, 4.5 baths | Amenities: Doorman, Gym, Elevator | Common Charges: $4,651 | Monthly taxes: $4,084 | Listing ID: S853641

You’ve dreamed it, now create it! Here’s an incredible opportunity to custom design your own floor-through luxury residence, with four exposures, by working directly with the sought-after designer Thomas Juul-Hansen. Listed by James C. Cox Jr., 646-998-7422, jcox@townrealestate.com.

232 East 63rd Street on Upper East Side

$22,000,000

770 Park Avenue #4/5B on Upper East Side

$21,750,000

Townhouse (11,400 sf) | Amenities: Elevator, Fireplace, Patio Monthly taxes: $4,250 | Listing ID: S808633

Co-op: 4 beds, 5 baths and 5 half-baths | Amenities: Elevator, Fireplace, Doorman Maintenance: $10,500 | Listing ID: S876346

Behind the stately facade of this six-story home is unprecedented luxury. The subterranean spa floor is just one example: a swimming pool with aquatic therapy resistance, a hot tub, a gym, a massage room, a sauna and a steam room. Listed by Leighton Candler, 212-937-6677, lcc@corcoran.com.

This spectacularly renovated 14-into-11-room duplex has 14 oversized windows that let the sunlight flood into the apartment and give delightful tree-line views of Park Avenue. Listed by Richard Steinberg, 212-439-5183, rsteinberg@warburgrealty.com.

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$20,900,000

50 Central Park West #89A on Upper West Side Co-op: 9 rooms, 4 beds, 5.5 baths | Amenities: Doorman, Pets Allowed, Elevator | Maintenance: $14,193 | Listing ID: S917283

This beautifully renovated duplex has 90 feet of frontage along the park plus a 30-foot living room, a formal dining room, a library and a staff room. Other touches: 10-foot ceilings and original oak herring-bone floors in the entry gallery and entertaining rooms. Architectural details include plaster crown and ceiling moldings. Listed by Cornelia Zagat Eland, 212-452-4384, celand@stribling.com.

$19,400,000

419 Broome Street #PH in Soho

Condo (7,634 sf): 10 rooms, 5 beds, 5.5 baths | Amenities: Loft, Pets Allowed, Garden | Common Charges: $5,491 | Monthly taxes: $10,769 | Listing ID: S687478 This penthouse provides an extraordinary opportunity to create your own Soho masterpiece. Thereâ&#x20AC;&#x2122;s an abundance of raw interior space across the 5th, mezzanine & penthouse floors plus roof with limitless possibilities for a true downtown palazzo. Bask in an outdoor oasis with six terraces. Listed by Joan Swift, 212-702-4039, jswift@elliman.com.

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$18,500,000

400 West Street #TH in West Village Townhouse (7,180 sf): 5 beds, 4.5 baths | Amenities: Hot Tub, Roof Deck, Garden, Elevator | Listing ID: S904595

Following the trend of great architects selecting West Street as the venue for creating superlative residences in recent years—Robert A. M. Stern, Costas Kondylis, Richard Meier—this 22.75-foot-wide townhouse arrives as an elegant testament to flawless design and skilled craftsmanship. Listed by Brett Miles, 646-998-7427, brett@townrealestate.com.

11 Gramercy Park South in Gramercy Park

$18,000,000

Townhouse (10,100 sf) | Amenities: Fireplace, Garden | Listing ID: S816196 Built in 1856, this five-story brownstone in the Gramercy Park Historic District has been beautifully maintained. This special home comes with a key to Gramercy Park, one of only two private parks in the city. Listed by Raphael De Niro, 212-460-0655, deniroteam@elliman.com.

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830 Greenwich Street in West Village

$17,500,000

38 West 87th Street on Upper West Side

Townhouse (5,062 sf): 15 rooms, 3 beds, 3.5 baths | Amenities: Terrace, Garden Monthly taxes: $3,127 | Listing ID: S900517

Townhouse (8,400 sf): 18 rooms, 6 beds, 6 baths and 3 half-baths Amenities: Fireplace, Deck, Patio | Listing ID: S795883

This four-story home surprises with a spectacular artist’s studio off the rear. Listed by Jeremy Stein, 212-431-2427, jeremy.stein@sothebyshomes.com.

The opportunity is here to own a turnkey residence on a majestic Central Park block. Listed by Shane Shimon, 917-509-9889, shane@brgnyc.com.

$16,950,000

39-41 North Moore Street #PH in Tribeca Condo (4,600 sf): 8 rooms, 4 beds, 3.5 baths | Amenities: Terrace, Roof Deck, Loft | Common Charges: $2,330 | Monthly taxes: $2,166 | Listing ID: S663804

This one-of-a-kind duplex loft penthouse is so big that it sweeps across two buildings. And all that space isn’t just inside: A huge, magnificently landscaped private rooftop terrace is perfect for entertaining. Listed by Robin Hudis, 212-891-7647, rhudis@elliman.com.

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176 East 64th Street on Upper East Side

$16,900,000

Townhouse (6,600 sf): 14 rooms, 5 beds, 5.5 baths | Amenities: Garden, Elevator | Listing ID: S672068 This neo-classical townhouse, situated on an exquisite block, has an elevator that makes it effortless to move between its five stories. Transformed in 1910 by the Tiffany & Company architect, John W. Cross, this gigantic single-family home is a unique synthesis of formal and informal interiors, multiple terraces and an enchanting south-facing garden. Listed by Dennis Di Lorenzo, 646-613-2742, ddilorenzo@stribling.com.

226-228 East 49th Street in Turtle Bay

$16,500,000

Townhouse (8,000 sf) | Amenities: Garden | Listing ID: S868003 This house is rare: It radiates both grace, with a sense of grandeur, and comfortabe intimacy. A cornerstone of Turtle Bay Gardens, an enclave of townhouses on a stunning central garden promenade, this home features a small hall of mirrors leading to a double-height grand ballroom with 22-foot ceilings. Above is an expansive double height skylit artistâ&#x20AC;&#x2122;s studio. Listed by Jan Hashey, 212-206-2804, jhashey@elliman.com.

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$16,000,000

1 Sutton Place South #5A in Sutton Place Co-op: 13 rooms, 5 beds, 4.5 baths | Amenities: Doorman, Elevator, Fireplace | Maintenance: $11,729 | Listing ID: S805642

This exceptionally magnificent apartment with sweeping garden and East River views is located in one of Rosario Candela’s most prestigious masterpieces. One Sutton Place South, built in 1925, is a storied white-glove cooperative with an elegant triple-arched Porte Cochere entrance that leads to a baronial lobby, which opens to a private garden. Listed by Diane Johnson, 212-418-2075, djohnson@elliman.com.

$15,000,000

211 Central Park West 1718C18B on Upper West Side Co-op: 14 rooms, 6 beds, 7.5 baths | Amenities: Doorman, Elevator, Gym | Maintenance: $11,744 | Listing ID: S926943

Rare opportunity to combine a fabulous eight-room duplex and an elegant classic six high up in the legendary Beresford on Central Park West. The views of Central Park and the city’s skyline are simply dazzling. There are two wood-burning fireplaces, sun-filled large wide rooms, high ceilings, original steel and glass kitchen cabinets, and a private elevator landing in a full-serviced iconic co-op with a state-of-the-art gym. Listed by Lorraine Dauber, 212-452-4378, ldauber@stribling.com.

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$14,000,000

55 Warren Street #PH1 in Tribeca Condo (5,924 sf): 4 beds, 4.5 baths | Amenities: Doorman, Elevator, Terrace | Common Charges: $6,559 | Monthly taxes: $4,637 | Listing ID: S883159

This duplex penthouse is impeccably designed, with luxurious, light-filled living space, and a huge private outdoor space with an endless swimming pool. Every detail of the living experience—both aesthetic and functional—has been thoughtfully considered and taken to a new level of artistry. Listed by Robert Dvorin, 917-365-0040, rdvorin@townrealestate.com.

1211 Park Avenue on Upper East Side

$13,490,000

Townhouse (5,160 sf): 6 beds, 7 baths | Amenities: Garden, Fireplace | Listing ID: S913409 Here is a one-of-a-kind opportunity to own a stunning mansion on Park Avenue. This beautifully restored limestone house is 20 feet wide, offering huge interiors and plenty of outdoor space. Light comes flooding in from both the east and the west. Its rooftop terrace, with breathtaking views of the park, is ideal for relaxing. Listed by Gilad Azaria, 212-891-7144, gazaria@elliman.com.

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845 United Nations Plaza #76BC in Turtle Bay

$13,000,000

4 Centre Market Place in Nolita

$13,000,000

Condo (5,573 sf): 11 rooms, 6 beds, 8 baths | Amenities: Doorman, Elevator, Pool Common Charges: $5,638 | Monthly taxes: $11,974 | Listing ID: S760616

Townhouse (5,000 sf): 9 rooms, 4 beds, 4 baths | Amenities: Roof Deck, Terrace Monthly taxes: $28,000 | Listing ID: S832645

An amazing opportunity to combine together two grand corner residences at the Trump World Tower. Listed by Debra Stotts, 646-300-6052, dstotts@townrealestate.com.

Stunning and historic five-story townhouse located in the heart of Nolita. Listed by Adam Mahfouda, 516-987-2602, adam@opgny.com.

$12,890,000

50 East 89th Street #PHC on Upper East Side Co-op: 7.5 rooms, 3 beds, 3.5 baths | Amenities: Pets Allowed, Doorman, Balcony | Maintenance: $7,779 | Listing ID: S868584

Unobstructed views of the Central Park, the city’s southern skyline and peeks of the East River will take your breath away. You’ll feel like you are floating when you stand on a wraparound terrace designed by Italian landscape artist Luciano Giubbilei and furnished with David Sutherland pieces imported from London. Listed by Kianna Choi, 917-797-9209, kianna@bondnewyork.com.

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$10,950,000

130 West 12th Street #PH11A in Greenwich Village Condo (3,202 sf): 7 rooms, 4 beds, 3 baths | Amenities: Doorman, Elevator, Terrace | Common Charges: $3,234 | Monthly taxes: $3,824 | Listing ID: S920487

Designed by famed architect Cook + Fox, this duplex penthouse is an entertainerâ&#x20AC;&#x2122;s dream. Enter through a gracious gallery into the living and dining room and onto an expansive private terrace offering northern and southern exposures. Listed by Dennis Mangone, 212-418-2060, dmangone@elliman.com.

$10,000,000

1115 Fifth Avenue #14A on Upper East Side Co-op: 8 rooms, 3 beds, 3.5 baths | Amenities: Doorman, Elevator, Fireplace | Maintenance: $6,911 | Listing ID: S845939

This beautiful apartment offers spectacular views of Central Park and the reservoir from almost every one of its windows. In a building designed by JER Carpenter, this high-floor corner home is in mint condition. Listed by Melissa Ryan Kaiser, 212-585-4554, mkaiser@stribling.com.

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$8,995,000

62 Beach Street #3 in Tribeca Condo (4,120 sf): 7 rooms, 4 beds, 4 baths | Amenities: Doorman, Elevator, Roof Deck | Common Charges: $3,281 | Monthly taxes: $2,588 | Listing ID: S924553

Rich in textures and original detailing, this wonderfully large loft offers craftsmanship, beauty and a great location in the much sought-after Fischer Mills Condominium. Its three bedrooms can easily be returned four. Five is even possible! This home suits a variety of needs—an in-home gym, a private home office or an en suite bedroom for a live-in. Listed by Timothy Mc Carthy, 646-613-2661, tmccarthy@stribling.com.

$7,999,000

20 East 95th Street on Upper East Side Townhouse (5,300 sf) | Amenities: Garden, Terrace | Listing ID: S874354

A once-in-a-lifetime opportunity to create a private manse between Madison & Fifth! This five-floor limestone faces to the north and is in a location great for Central Park goers, museum enthusiasts and Upper East Side lovers. It can be converted to a single-family home or left as is—four units all delivered vacant. Here’s your chance to live for free while earning income on the other units. Listed by Gilad Azaria, 212-891-7144, gazaria@elliman.com.

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$6,995,000

44 Mercer Street #PH in Soho Condo (2,674 sf): 7 rooms, 3 beds, 2.5 baths | Amenities: Fireplace, Terrace, Garden | Common Charges: $1,785 | Monthly taxes: $1,720 | Listing ID: S893699

Located in a boutique condominium building in the heart of Soho, this rarely available corner triplex offers amazing light and incredible views from three sides. Features include 12-foot ceilings, two gas fireplaces and Freedom Tower views from both the master bedroom and living room. The Bulthaup B3 series kitchen features all top-of-the-line appliances, including Subzero, Gaggenau & Miele. Listed by Michael Bolla, 212-334-4855, michael.bolla@elliman.com.

$6,000,000

941 Park Avenue #45B on Upper East Side Co-op: 8 rooms, 3 beds, 4.5 baths | Amenities: Elevator, Pets Allowed, Gym, Doorman | Maintenance: $7,758 | Listing ID: S838611

This stately pre-war duplex offers baronial-sized rooms with the scale and style of a full-service townhouse. On the lower level, the gracious entertaining space features an expansive living room with a fireplace that opens onto a formal dining room. There is an eat-in kitchen with a pantry. The floor is completed by a maidâ&#x20AC;&#x2122;s room and full bathroom, as well as an unusually large powder room. Listed by Margie Goldin, 212-452-4393, mgoldin@stribling.com.

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$5,000,000

124 West 23rd Street #12A in Chelsea Condo (2,385 sf): 6 rooms, 3 beds, 3 baths | Amenities: Doorman, Elevator | Common Charges: $3,293 | Monthly taxes: $1,597 | Listing ID: S740943

Located on the 12th floor, this stunning full-floor apartment offers both thoughtful design and sophisticated finishes. Enter through the private elevator and step into a large living/dining area flooded with light from a wall of oversized windows, creating a welcome space to relax or entertain. And don’t forget the windowed study! Listed by Shelley O’Keefe, 212-634-6515, sfo@corcoran.com.

$4,000,000

133 West 22nd Street #12D in Chelsea Condo (1,892 sf): 3 beds, 3 baths | Amenities: Elevator, Gym, Doorman | Common Charges: $1,913 | Monthly taxes: $2,398 | Listing ID: S894844

Here is your chance to own a luxurious light-filled oasis with a modern minimalist design. This gorgeous Zen-like apartment will thrill your senses with its seamless flow and sensuous architecture. It was designed by a managing partner at the blue chip architectural firm Skidmore, Owings & Merrill and served as his private residence. Listed by Daniela Zakarya, 646-545-5060, dzakarya@townrealestate.com.

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$2,999,000

35 Bethune Street #2B in West Village Condo (1,105 sf): 2 beds, 2 baths | Amenities: Fireplace, Elevator, Pets Allowed | Common Charges: $724 | Monthly taxes: $587 | Listing ID: S843222

Located in the landmarked circa 1880 Pickwick House, this handsome apartment features a working fireplace, a sunny terrace, beautiful exposed brick, walnut hardwood floors, a carrera marble kitchen and baths, custom millwork throughout and original cast-iron columns. Plus, its location is truly ideal, on one of the West Villageâ&#x20AC;&#x2122;s finest streets. Listed by David Salvatore, 646-998-7488, dsalvatore@townrealestate.com.

$2,000,000

304 East 65th Street #34C on Upper East Side Condo (1,000 sf): 4 rooms, 2 beds, 2 baths | Amenities: Terrace, Gym, Doorman | Common Charges: $1,551 | Monthly taxes: $1,601 | Listing ID: S879542

The Rio, an internationally known condo with large common areas, feels like a high-end New York hotel. Apartment 34C is a unique corner home with fantastic panoramic views through floor-to-ceiling windows. Every room as well as the private terrace has spectacular vistas of the bridges, river and other city landmarks. Listed by Trudy Schlachter, 212-702-4056, tschlachter@elliman.com.

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$59,000,000

Waterfront Home in Sagaponack

House (11,700 sf): 8 beds, 8 baths and 5 half-baths | Amenities: South of Highway, Swimming Pool, Fireplace, Waterfront | Annual Taxes: $30,282 | Listing ID: S691593 Timing is everything, and the time has come for you to own this magnificent 33-acre estate on famed Sagg Pond with ocean views. The home, a classic traditional, features a limestone entry gallery, vaulted soaring ceilings leading to gathering rooms, six fireplaces, a mahogany-paneled library, a media room, a screened porch with a built-in grill, stone patios and multiple private viewing decks all with water views. Listed by Debbie Loeffler, 631-537-7773, debbie.loeffler@corcoran.com.

Georgica Pond Compound in East Hampton

$75,000,000

Unrivaled Private Estate in Bridgehampton

$60,000,000

House (7,500 sf): 7 beds, 6 baths | Amenities: Pool, Patio, Chef’s Kitchen Listing ID: S864748

House (20,000 sf): 8 beds, 12 baths | Amenities: Fireplace, Patio, Tennis, Pool Listing ID: S725977

On East Hampton’s most prestigious private lane between pond and ocean, this unique estate sits on more than 5 acres—subdivided into four lots—and has a dock and 460 feet of frontage on Georgica Pond. Listed by Frank Newbold, 631-324-6000, frank.newbold@sothebyshomes.com.

Combining the elegance of a royal European country estate with the amenities of a five star resort, Three Ponds Farm offers an unparalleled private residence on 60 picturesque acres. Listed by Dana Trotter, 631-537-6000, dana.trotter@sothebyshomes.com.

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315 Rose Hill Road in Water Mill

$58,500,000

House (20,000 sf): 8 beds, 10 baths and 5 half-baths | Amenities: South of Highway, Swimming Pool, Garage Parking | Monthly taxes: $4,058 | Listing ID: S879916 This masterpiece mansion blends Old World elegance with modern convenience. The mammoth estate sits on four-plus acres with mature landscaping on Mecox Bay. No detail has been spared in this exceptional home, which features eight fireplaces with early 19th-century mantles, coffered ceilings, over 120 exterior architectural brackets, and gracious balconies overlooking the estate. Listed by Paul Brennan, 631-537-5900, paul.brennan@elliman.com.

160 Ox Pasture Road in Southampton Village

$45,000,000

House (18,000 sf): 12 beds, 12 baths and 5 half-baths | Amenities: South of Highway, Swimming Pool, Garage Parking | Monthly taxes: $8,579 | Listing ID: S844948 This fabulous estate was built in 1915. It has been lovingly restored, during a three-year renovation, to its original grandeur. The finest design and construction were executed during this complete overhaul and refitting. Luxurious interiors boast intimate yet elegant rooms, many with fireplaces. Listed by Michaela Keszler, 631-283-4343, michaela.keszler@elliman.com.

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$43,500,000

612 Halsey Lane in Bridgehampton

House (26,500 sf): 12 beds, 12 baths and 5 half-baths | Amenities: Hot Tub, Swimming Pool, Garage Parking, Fireplace | Annual Taxes: $62,755 | Listing ID: S431888 If youâ&#x20AC;&#x2122;ve ever wondered what one of the Hamptonâ&#x20AC;&#x2122;s top builders would create for himself, then imagine no more when the gates open to this spectacular estate on 11.5 acres in a prime south-of-the-highway location. Farrell Building Co. has combined exotic materials and masterful finishes within this extraordinary residence, which covers three vast floors and has its own recreation pavilion. Listed by Gary DePersia, 631-899-0215, GDP@corcoran.com.

Lily Pond Lane Home in East Hampton Village

$40,000,000

Bayfront Estate in North Haven

$36,000,000

House (5,000 sf): 6 beds, 5 baths and 5 half-baths | Amenities: Swimming Pool, South of Highway | Listing ID: S695038

House (10,000 sf): 6 beds, 8 baths | Amenities: Dock, Fireplace, Patio Listing ID: S826433

World renowned Lily Pond Lane is the setting for this pristine shingle-style residence. Listed by Tim Davis, 631-283-7300 x211, tgdavis@corcoran.com.

This circa 2005 Lutyens-inspired stone-and-stucco mansion is perfectly positioned on six acres of waterfront property with a 160-foot-deep water dock. Listed by Harald Grant, 631-283-0600, harald.grant@sothebyshomes.com.

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$29,995,000

Ocean Road Compound in Bridgehampton House (7,000 sf): 6 beds, 8 baths and 5 half-baths | Amenities: South of Highway, Swimming Pool, Library, Tennis | Listing ID: S828863

A very special offering, this property defines luxury and uncompromising quality with attention to the smallest of details. It is a unique property that will appeal to buyers seeking exclusivity in the Hamptons. This magnificent compound sits on 17.5 acres and includes two single and separate building lots that are approximately 2 acres each plus an abutting 13.4 acre agricultural reserve. Listed by Susan Breitenbach, 631-899-0303, smb@corcoran.com.

$25,000,000

127 Main Street in East Hampton Village House (10,000 sf): 10 beds, 8 baths and 5 half-baths | Amenities: Library, Swimming Pool, Media Room | Listing ID: S527991

Known as the Gardiner Estate, this great stone house sits on a tree-lined village street set back behind a high hedge. It was designed by the architectural firm Wyeth and King and built in the late 1930s for one of East Hamptons most prominent residents, Robert Lion Gardiner. This wonderful residence, situated on 5.5 park-like acres, has been meticulously refitted and restored during a five-year renovation. A sensational location within walking distance to everything. Listed by Tim Davis, 631-283-7300, x211, tgdavis@corcoran.com.

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$17,750,000

66 Seafield Lane in Westhampton Beach

House (16,000 sf): 20 rooms, 9 beds, 9 baths and 5 half-baths | Amenities: South of Highway, Swimming Pool, Garage Parking | Monthly taxes: $6,250 | Listing ID: S691004 If these walls could talk! This gigantic waterfront estate was designed in 1903 for coal baron William Atwater by architect Henry Bacon, best known for his design of the Lincoln Memorial in Washington, D.C. Overlooking scenic Quantuck Bay, the Manor house boasts six fireplaces. Listed by Aimee Fitzpatrick Martin, 631-357-0016, aimee.martin@elliman.com.

$14,000,000

167 Jule Pond Drive in Water Mill House (8,000 sf): 7 beds, 9 baths and 5 half-baths | Amenities: South of Highway, Swimming Pool | Annual Taxes: $22,500 | Listing ID: S640695

This exceptional Water Mill estate offers elegance, sophistication and all the amenities anyone could desire. Sun-filled principal rooms, chefâ&#x20AC;&#x2122;s kitchen opening onto a den and casual dining area. Library, expansive game room, gym and exercise pool. Sleeping quarters include a sumptuous master suite with sitting area and wet bar. All floors are accessible by elevator. Listed by Marcella Oâ&#x20AC;&#x2122;Callaghan, 631-702-9219, mocallagha@corcoran.com.

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A LOOK BACK Hollywood’s over-the-top take on Jay Gatsby’s palatial digs, left, looks startlingly like Beacon Towers, below right, Fitzgerald’s blueprint, which was later demolished.

The grandeur of ‘Gatsby’

Movie set drama: A sweeping staircase and an intricate inlay floor design

Long Island castle inspired setting for F. Scott Fitzgerald’s 1920s classic By Leigh Kamping-Carder Driving through the iron gates of sanDs Point, you can imagine Jay Gatsby—in an everso- pale pink suit—strolling the grounds of this Long Island enclave, pining for Daisy Buchanan, swathed in milky pearls amidst a gaggle of ginsoaked jazz fiends. The waterfront site was once the home of Beacon Towers, a 100-room mansion that provided the blueprint for the title character’s home in F. Scott Fitzgerald’s “The Great Gatsby.” Alva Vanderbilt Belmont—suffragette, divorcée, widow and very rich lady—spent well over $1 million erecting the Walt-Disney–meets-Swiss-cottage castle, only 40 minutes from New York City. Now, all that remains are the interlocking Bs on the gates. In 1927, Belmont sold the home for $400,000 to press baron William Randolph Hearst, who promptly razed the structure to build his own lavish home. Shortly after World War II, however, Hearst turned his estate over to the bank for tax reasons. A developer paid $70,000 for the pleasure of knocking it down, and then built eight houses on the lot, six of which are still standing. One, at 8 Sands Light, is on the market for a mere $5.9 million. The five-bedroom Colonial is outfitted with a vaulted cathedral ceiling, a custom wraparound cedar deck and a two-level walk-in closet that the owners, Ann and Larry Birnbaum, carved out of what was once the attic.

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“Truth be told, that closet is twice as big as the bedroom I grew up in,” joked Larry Birnbaum, a native of Bay Ridge, Brooklyn. The 30 custom windows overlook 200 feet of deserted beach. “You feel like you’re in an ocean liner because there’s just a constant horizon of water,” said Maggie Keats, an agent with Douglas Elliman who is listing the home. “It’s the ideal waterfront setting.” The Birnbaums, who plan to downsize to an apartment in Manhattan, fell in love with the house as newlyweds, and paid $1.98 million for it in 1992. “I said, ‘We could look at some other houses,’” Ann Birnbaum recalled, “and he said, ‘No, I know

A breath-taking scene of all blue from 8 Sands Light

where we’re going to live.’ He really just fell in love with the view.” That view also entranced director Baz Luhrmann, who visited Sands Point to research his film adaptation of Fitzgerald’s novel. In the movie, released this spring, Gatsby’s mansion sports the same cluster of turrets, arched windows and cream-colored façade as Beacon Towers. “I saw the movie twice because I couldn’t believe it,” Larry Birnbaum said. Peering across the water from his lawn, you have a perfect vantage point for what Fitzgerald called East Egg. And you can almost see the flicker of Gatsby’s green light.

The Best Side of the Upper West.

The Larstrand is designed for those who cherish the finer things. Who insist that style is part of life. Who refuse to compromise on quality or comfort. Here’s to living life on the best side. • A supreme location on the Upper West Side at the corner of 77th and Broadway • Exceptional amenities, from a 24-hour attended lobby, to a state-of-the-art fitness center, to a stunning rooftop terrace with over 5,400 square feet of space • Chef-grade gourmet kitchens with stainless steel Bosch appliances, Bertazzoni gas ranges and convection ovens, and Samsung refrigerators with built-in LCD digital displays with apps

LEASE TODAY Studio, 1 , 2, and 3 B edrooms Th e L a rst ra n d NYC .co m 8 8 8 . 476 .173 4

• Chic bathrooms with defoggable mirror medicine cabinet with built-in 15-inch TVs, Kohler tubs and showers, and radiant floor heating

2 27 We s t 7 7th S tre e t , N ew Yo r k , N Y 1 0 0 24 T h e L a r s t r a n d N YC . c o m | 8 8 8 . 476 .173 4 | Re n t a l s @T h e L a r s tr a n d N YC . c o m

MEET MADISON SQUARE PARK’S NEWEST NEIGHBOR ONLY 2 UNIQUE PENTHOUSES AVAILABLE FROM: $6,950,000 212.696.2415 241FIFTH.COM DEVELOPED BY VICTOR HOMES EXCLUSIVE SALES AND MARKETING BUILDING ARCHITECT

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THIS IS NOT AN OFFERING PL AN. THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PL AN AVAIL ABLE FROM SPONSOR. FILE NO. CD12- 0151