Luxury Listings NYC | March/April 2014 by Gregory Cullen

MARCH/APRIL 2014

WARM IT UP FRESH FURNITURE & ACCESSORIES FOR THE NEW SEASON GOLDEN OLDIES NYC REAL ESTATE SOLUTIONS FOR RETIREMENT

WHITE’S HAPPENING DESIGNER BENJAMIN NORIEGA-ORTIZ’S CHIC, CASUAL CHELSEA PAD

THE SUMMER’S SWANKIEST HAMPTONS SPREADS ALSO: LUXE HOMES FOR SPRING SKIERS

A PUBLICATION OF

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Contents

VOLUME No. 02 ISSUE No. 02

HAMPTONS STYLE P8

MARCH/APRIL 2014

At long last, it’s spring — which means summer’s just around the corner. Check out our roundup of the hottest properties in the Hamptons.

NEWS CORNER P26

MANHATTAN MARKET ROUNDUP In today’s heated market, “best and final” offers are neither best nor final.

NYC’s

Premier

Properties

THE BACK PAGE P90

INTERNATIONAL HOMES What $5 million buys in Manhattan — and around the world.

LISTINGS P57–89

The most exclusive properties in Manhattan and the Hamptons.

UPPER EAST SIDE

P30

Coming soon: Storage for valuable collections

UPPER WEST SIDE

GREENWICH VILLAGE P40

WHITE HOUSE

Designer Benjamin Noriega-Ortiz’s home is warm, whimsical and welcoming. P14

An effort to landmark key sites in gay-rights movement

P32

SOHO

Nabe schools see a spike in kindergarten applications

MIDTOWN

P34

TRIBECA

Tall, skinny condos will create shadows in Central Park

GRAMERCY

CHELSEA

P38

Builders and buyers are betting on Avenues school

P48

A look back at a beloved rock club in the nabe

P36

A peek inside a private, members-only club

P42

Ladurée opening is lauded by fashionable locals

Euro vision Opera legend Nedda Casei at her pink- and red-hued co-op. P20

Instant access How Instagram has emerged as a must-have app for house hunters. P22

P12 Spring things Hip home accessories to help usher in warmer weather.

Luxury Listings NYC | March/April 2014

Going for gold Downsize? Sell? Add an elevator? How to retire in style with NYC real estate. P16

P10 Mountain time It’s not too late: Posh properties at prime ski resorts.

LES/EAST VILLAGE

P50

Pier 42 will complete ring of waterfront parks Downtown

FIDI

P54

South Street Seaport is becoming super-chic

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EDITOR’S NOTE

PUBLISHER Amir Korangy EDITOR-IN-CHIEF Stuart W. Elliott MANAGING EDITOR Lisa Keys ART DIRECTOR Gregory Cullen

“ THE WEATHER

HAS BEEN AS COLD AS THE REAL ESTATE MARKET’S BEEN HOT.

”

REPORTER/WEB PRODUCER Zachary Kussin CONTRIBUTORS Tom Acitelli, Katherine Clarke, Angela Hunt, Michele Keith 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, Nicki Chadi, Sigalit Levi, Marc Guest FINANCE DIRECTOR Ken Cyrus DIGITAL TRAFFIC MANAGER Junaid Zahid DISTRIBUTION Mitchell’sNY ATTORNEY Barry J. Friedberg Trachtenberg Rodes & Friedberg

Luxury Listings NYC is a registered trademark of Luxury Listings NYC LLC. Copyright 2014. 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. Luxury Listings is published bimonthly. 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.

Luxury Listings NYC | March/April 2014

INCE THE START OF THE YEAR, WE’VE SEEN A NUMBER OF RECORDS BROKEN IN NEW YORK CITY. First off: the weather. In early January, temperatures dropped to 4 degrees, breaking a low previously set in 1896. By mid-February, the city had broken its record for the most snow in the first two months of the winter. (The winter of 1995-1996 still holds the record for snowfall over an entire season.) And into the beginning of March it all continued, with nearby Atlantic City dropping to 2 degrees, breaking its all-time low for the month, and with the rest of the tri-state area not too far behind. At the same time, the New York City real estate market has seen its own records broken, running as hot as the weather has been cold. It’s been a time of benchmark-busting prices for luxury properties. For example, the sale of a $50 million condo at Chelsea’s Walker Tower at the beginning of the year set a new record for the highest-priced apartment ever sold Downtown (see page 39). And there is little for buyers to choose from, with the number of homes on the market dwindling to the lowest number seen in nearly 15 years (see page 26). This issue of Luxury Listings NYC is meant to help you navigate the tough real estate market this spring when the cold thaws. (We won’t all still be bundled up in winter coats, gloves, scarves and hats in April, too, will we?) On page 8, we take a look at some of the choicest summer rentals and for-sale properties in the Hamptons — including the best

starchitect-designed home for sale, the coolest historic home on the market and more. (In case the cold weather does continue for a while, we’ve also got some top real estate choices for skiers.) On page 12, we take a look at spring home design, with some fresh, colorful furniture and accessories to warm up your home as the snow melts. And in case you want to give up on New York City altogether (it was actually one of the milder winters throughout the rest of the world), check out page 90 to see what the price of a luxury pad in New York City can buy you abroad (answer: a lot more). Also, take a look at our package on retirement and New York City real estate on page 16, which may answer the question, “Should I stay or should I fly south?” Finally, take a peek inside the white-assnow (but remarkably warm) home of interior designer Benjamin Noriega-Ortiz on page 14 and opera star Nedda Casei’s dramatic spread on page 20. And as always, there are plenty of other stunning luxury properties to gaze at in our listings section starting on page 57. Enjoy the issue.

STUART W. ELLIOTT, Editor-in-Chief

Rare 9 into 7 Rm PH Co-op on E 57th Wrap terrs, solarium, expansive views. LR & DR for entertaining. Crnr MBR, 2nd BR + libr. $6.5M. Web #9718256. Linda Maloney 212-585-4527

Terrace Perfection on Park Avenue

Tribeca 3BR/3 Bath Corner Condo Loft

Hi flr 2BR, 2 bath. LR/DR w spectacular kitchen. 2 terraces. Views. W/D. FS building. $4.195M. Web #9708051. Cindy Kurtin 212-452-4406

Eat-in kitchen, LR/DR, MBR with bth, 2BRs with baths + powder rm. Crestron system, W/D. Full service building. $4.795M. Web #9587482. Sean Turner 646-613-2619

Renov 6 in Perfect Park Ave Location

Prime East 60s Stylish Classic 2BR

Trump Mint 3BR, 3.5 Bth Dplx on E 61st

Prewar Classic 6, 90th Street off Fifth

Open city views. LR, FDR, 2BRs w bths, powder rm, state-of-the-art kit, maid’s w bth. $3.595M. Web #9699132. Inez Wade 212-452-4439

LR, DR, MBR & 2nd BR w marble baths, maid’s rm with bath. White glove bldg. $3.495M. Web #9086012. Elizabeth Lorenzo 212-452-4411

Maid’s rm, wine cellar, 2 wrap balconies. FS co-op w gym. $2.85M. Web #9170498. Patricia Weeks 212-585-4546/Courtney Gibson 212-434-708

2 MBRs, 3 baths + office. Arch details, WBFP, W/D. FS co-op bldg. $2.8M, low $2464 maint. Web #9653582. Cornelia Eland 212-452-4384

3BR, 2 Bath, 8 Room at 7 East 85th

Terraces on CPW at the Majestic

Gramercy Park 2BR, 2 Bath Co-op

Renov Chelsea Prewar 2BR, 2 Bth

2 WBFPs, LR, DR, den & office. Prewar co-op steps from 5th Avenue & Central Park. $2.2M. Web #9669085. Cathy Taub 212-452-4387

2BRs, 3 baths, EIK & 2 staff rms. FS prwr co-op bldg. $10.85M. Web #9514920. Cathy Taub 917-855-8466/Rosette Arons 212-452-4360

LR & lrg MBR w WBFPs. Signature bldg w key to prk. $2.999M. Web #9198459. Gloria Johnson 212-777-8171/Dominic Green 917-769-2343

Open grmt kit, N & E views, thru-wall AC. Drmn bldg. $1.699M. Web #9610774. Lee Ann Jaffee 646-613-2739/Steven Sumser 646-613-2741

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GLAM GETAWAYS

A HOT HAMPTONS SUMMER

The best houses of the season, from the swankiest spreads for sale to the priciest rentals

BY ZACHARY KUSSIN

t may not seem like it yet, but summer is quickly approaching — and if you’re hoping to spend the season in the Hamptons, you’d better act now. “This was the busiest winter we’ve had since 2005,” said Judi Desiderio, the CEO of Hamptons-based Town and Country Real Estate.

This season comes on the heels of a big 2013 for the Hamptons market, which saw 2,055 home sales according to Town and Country’s year-end report. (That’s up 26 percent from 2012.) Desiderio considers May 1 to be the cut-off date for those wanting to purchase a home and enjoy it this year; after that, she recommends a seasonal

rental. “Stick your toe in,” suggests Desiderio. “See where you want to be.” Here’s our roundup of the top Hamptons properties currently for rent or sale. From the best amenities to the most interesting décor, these homes will capture your attention and ensure happy a happy summer season — or many down the line.

BEST STARCHITECT’S TOUCH

Photographed by Jake Rajs

Luxury Listings NYC | March/April 2014

obert A.M. Stern — known especially for his design of Manhattan’s tony 15 Central Park West — created this home on a 4.6-acre plot in Water Mill as “an interpretation of the Hamptons shingle-style home,” according to its listing. The spread asks $27.5 million. Inside the 6,100-square-foot home are seven bedrooms, five bathrooms and two half bathrooms. Outside, there are more than 300 feet of frontage and a dock on Mecox Bay. Sporty types can also enjoy a sunken all-weather tennis court, then a dip in the 42-by-20-foot gunite pool. Contact Harald Grant of Sotheby’s, harald.grant@sothebyshomes.com

POSHEST PACKAGE

Photos courtesy of Sotheby’s International Realty

f you’re feeling noncomittal — and have deep pockets — consider this 10-acre Southampton estate. From Memorial Day until Labor Day, you’ll have to shell out $950,000 — which makes this among the priciest rentals in the Hamptons— but there’s some serious bang for your buck: The 18,000-square-foot home has 12 bedrooms, 12 bathrooms, three half bathrooms, plus staff quarters. There’s an indoor pool (with water slide!), outdoor pool, a grass tennis court, two pavilions, each with a full kitchen, and a carriage house with a greenhouse. And if you love the place: It’s for sale for $45 million. Contact Sotheby’s Harald Grant or Michaela Keszler of Douglas Elliman, michaela.keszler@elliman.com

BEST TASTE OF HISTORY

Photographed by Jake Rajs

he Golightly Estate in Sagaponack, which dates to 1797, has been restored to modern, luxurious tastes. The rustic-chic main house — with its original chimney and wide-plank flooring — was renovated “nail by nail” in 2002, according to the marketing materials. The kitchen, for example, received a makeover with pieces imported from France. A horse barn, constructed in the 1800s, has been rebuilt into an entertainment space, where the lucky buyers or renters can screen a movie for 20. The price to rent this 5,000-square-foot, four-bedroom, four-bathroom is $400,000 from Memorial Day to Labor Day, though there are other rental options. Looking to buy? You’ll have to pony up $12.95 million. Contact Sotheby’s Beate Moore, beate. moore@sothebyshomes.com

CONTINUED ON PAGE 10

March/April 2014 | Luxury Listings NYC

GLAM GETAWAYS CONTINUED FROM PAGE 9

BEST FURNISHINGS

f you’re an eclectic type in search of something turnkey, check out this chic, colorful $15.75 million for-sale-by-owner listing at 1051 Sagg Main Street in Sagaponack, which comes fully furnished. If you want to rent it, it costs $275,000 for July through Labor Day. The interior boasts bright pieces of furniture, zebra rugs and fun pops of reds, oranges and blues in all-white surroundings. And there’s also a touch of star quality to the place: The home has been featured in Traditional Home and Veranda, to name some publications. You can walk to the ocean, and naturally, there’s a pool, too. Contact seller via saggmainsagaponack.

Want to see more Hamptons listings? Visit llnyc.com

SKI AND BE SEEN

STEIN ERIKSEN RESIDENCES

Luxury slopeside spots for the spring skier BY ANGELA HUNT

ew York City may be flooded with rivers of spring slush — but it’s not too late to hit the ski slopes, if you know where to go. From Aspen to Vermont, elite New Yorkers are still donning their boots, skipping the lift lines and “wintering” at luxury ski residences of their own. Care to be one of them? Here are some of the best new homes to buy in upscale (and, in some cases, up-and-coming) enclaves where you can still get on the mountain.

hese modern homes —16 single-family and 38 condominiums — are being built on the side of a mountain in the legendary Deer Valley, one mile outside of Park City, Utah. Offering access to slopes limited to the public, it’s no surprise that 15 units — which range from $2 million to $7 million — were already snapped up since their January sales debut. Residents can enjoy the après-ski life at the Stein Eriksen Lodge; chateaus in the condo-hotel — which features a concierge, restaurant, gym and hot tubs — are also available, from $1.6 million to just under $3 million. Not quite ready to take the plunge? Rooms at the lodge start at $875 per night. steinlodge.com

THE HERMITAGE CLUB

s Vermont’s only private ski club, the Hermitage Club has properties on the slopes of Haystack Mountain. The 14 existing homes have sold, but at least four more townhouses (from $925,000) and 13 single-family homes (from $1.6 million) are expected to hit the market in time for next season — though if you can’t wait until then, rooms at the Hermitage Inn start at $255 per night. Along with a 1,400-foot vertical drop and 38 trails, there’s a training center for alpine racing, a spa, an upscale restaurant, an edit suite for footage from helmet cameras, ice skating and an impressive wine cellar. Membership to the club is required, and costs additional. hermitageclub.com

Luxury Listings NYC | March/April 2014

VICEROY SNOWMASS

iceroy Snowmass is the newest luxury resort in Aspen. Units in the condo-hotel start at $279,000, while single-family homes are priced up to $2.5 million. Blessed with skiin, ski-out access to Snowmass, residents can also easily visit three nearby mountains: Aspen, Aspen Highlands and Buttermilk. Corporate types will appreciate resort-wide wireless Internet access, the executive boardroom and ballroom for events—before retreating to the year-round heated saline pool. Not enough excitement? You can try your hands at dogsledding, too. To visit, stay at Viceroy Hotel, from $591 a night until April 19th. viceroyhotelsandresorts.com

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DESIGN

SPRING IT ON! Usher in the season with fresh new furniture and accessories to liven things up GO BLUE

BY LISA KEYS

Jonathan Adler’s lacquer Polly Cocktail Table is bright, blue and “full of moxie.” It’s also super-functional: Each layer spins independently, increasing its surface area as needed. $1,250; jonathanadler.com

ike most New Yorkers this time of year, your winter boots have probably sprung a leak or two, and your puffer coat may be a little battered. And with so many cold evenings spent indoors, chances are your home is looking a little worse for the wear, too. But spring’s just around the corner — really! — so why not seize the opportunity to turn over a new leaf? From a colorful rug to a bold, party-ready cocktail table, these chic items will help you welcome the season with warmth and style.

GRASS ACT Cute and clever, Sod, a dish drying rack from Finell, brings a touch of nature — and whimsy — to a tired countertop. $160; finell.co

FLOOR SHOW FLY PAPER Colorful yet muted, Eskayel’s Jangala Citron wallpaper conjures a tropical beach at sunset. $475 per roll; eskayel.com

MORNING GLORY Marimekko’s iconic Unikko pattern — consisting of colorful oversized poppies — marks its Golden Jubilee. Celebrate in style with the Unikko 50th Anniversary mug and bring some sunshine to your breakfast table. $20; marimekko.com

LIGHT IT UP The Torroja Cross Chandelier by David Weeks Studio pays homage to Madrid’s Zarzuela Hippodrome. The sculptural, practical piece is fully customizable; the number and length of tiers are up to you. From $5,000; davidweeksstudio.com

Luxury Listings NYC | March/April 2014

Inspired by flowers but decidedly un-floral, Katie Ridder’s Gigi rug — part of Studio Four NYC’s Designer Rug Collection — is a simple, snazzy way to freshen up a stale living room. From $4,400; studiofournyc.com

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CELEB CRIBS

INTO THE Interior designer Benjamin Noriega-Ortiz’s warm, whimsical Chelsea home BY MICHELE KEITH

nterior designer Benjamin NoriegaOrtiz loved his home on West 43rd Street: He was on the 43rd floor, with an incredible view of the Hudson River, and the building had a state-ofthe-art gym. But after watching the events of 9/11 play out from the bedroom window, he and his husband, Steven Wine, the founder of ABYU Lighting — which specializes in creative, custom designs — decided it was time to make a change. “No more high floors,” he said. Handling both residential and commercial projects, here and abroad — including homes for such A-listers as Lenny Kravitz, as well as the Soho and Los Angeles Mondrian Hotels — Noriega-Ortiz is known for his inventive, fun spaces. “They don’t come to me for a traditional home,” he said. Working with clients he calls “adventuresome and secure about themselves,” he said, “it’s always about creating an experience.” And though he admits it’s “terrible” to design for himself — ideas percolate non-stop — he manages by envisioning he’s working for someone else. Designing his current home — to which the couple moved in 2002 — was easy, though: Wine played the client. “He definitely put in his 50 cents,” Noriega-Ortiz jokes. “The wallto-wall carpet and various details about the mirrors were his ideas; he created a lot of the artwork himself, like the Louise Nevelson-esque piece in the guestroom. And he took total control of the terrace.” After much searching in different parts of the city, Wine spotted an online ad for the Cheyney on West 23rd Street, pre-gentrification. Seeing beyond the narrow rooms, dark wood and bad styling, Noriega-Ortiz said, “We knew we’d have to gut the twobedroom, two-bath all the way down to the

insulation, lighten up everything that was dark and soften that which was hard. But it was spacious, 1,235 square feet, and had a 400 square-foot terrace and wood-burning fireplace, two things we’d always wanted.” When his accountant said they couldn’t afford it, Noriega-Ortiz reacted with a speedy “Are you insane? The neighborhood is on the rise.” After firing the man — “I believe you have to take a chance on New York real estate,” he said. “It always goes up.” — the couple submitted a bid of $1.1 million, much less than the asking price. Summarily rejected, it was accepted a week later. Inspired by the opalescent shadings of a pearl, and wanting the feeling to be one of serenity, the designer devised a white, cream and stainless-steel palette for his entire home. Mix in textured upholstery (all easy-care, even the dining table’s faux leather top); artwork that ranges from an electronic Jenny Holzer piece to a Chuck Close portrait; such furniture as the lacquered coffee table, fabricated of canvas solidified with plaster; and the aluminum “tractor seat” stool by Pepe Cortés and you have a comfortable, one-of-a-kind home. The basics have stayed the same over the years; the accents and artwork are in constant flux. For the renovation, Noriega-Ortiz composed the overall concept and worked with the plumbers, tile installers and electricians, while Wine did the accents, like sourcing the sculptures on the kitchen counter, the drapes and, of course, the lighting. Noriega-Ortiz began the quarter-of-amillion-dollar renovation — “That’s before professional discounts,” he specifies — by relocating the entry from the second The glimmering fire screen — a prototype from ABYU — adds sparkle to the living room.

Luxury Listings NYC | March/April 2014

PHOTOGRAPHED BY MARC SCRIVO floor of the duplex to the first, allowing for a foyer with a washer/dryer hidden behind an ecru curtain. Then he ripped out the cleft-cut Arizona stone floor in the kitchen upstairs, replacing it with shiny, two-foot squares of quarter-inch thick terrazzo, switched the cherry cabinetry there to stainless steel and installed wall-to-wall shag carpeting throughout. “People have it in their heads that shag is old-fashioned, a bad choice,” said Noriega-Ortiz. “But nothing’s better if you want quiet.” It’s also inviting: “People take their shoes off. It feels great underfoot.” Despite the many advantages to occupying the eighth and ninth floors of the 10-story building, it meant the boiler was directly above his living room, and its constant motion led to cracked walls. The solution? A floating ceiling, two inches lower than the original, providing a cushion of air in-between. Because the furniture is low, one doesn’t feel cramped. Another expansion trick: the mirrors on the windowless south walls. “They reflect the landscape

WHITE

Myriad textures — like sheepskin and acrylic — within a white palette create a serene yet welcoming feel.

“People have it in their heads that shag is old-fashioned, a bad choice. But nothing’s better if you want quiet.”

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With a circa-1950s chair by Adrian Pearsall and an ABYU light with curly ostrich feathers, the master bedroom is an oasis of calm.

seen through the windows opposite. And,” Noriega-Ortiz said with a laugh, “they also keep you thin.” Two stuffed chickens perched on the staircase welcome guests. Noriega-Ortiz explains their presence: “It was getting too pretentious with the aluminum-leafed and mirrored walls. They provide an informal touch.” They also bring in the whimsical element that’s made him famous. Luminescence reigns, serving as a complement to the myriad textures and sculptural furniture. Most notable are the mica powder-infused Venetian plaster walls in the living room by Mile Djuric of Decorative Art & Design. Contributing further sparkle is the fire screen made of dichroic glass squares, a prototype from ABYU; the quilted cotton-covered sofa designed by Noriega-Ortiz, with an acrylic frame embedded with LED lights that change color with the click of a remote; and hand-woven, Lurex-wool-and-spandex cushion covers made for the bar’s Saarinen tulip chairs that Wine found on eBay.

Summertime sees them barbecuing on the terrace nearly every night. Greenery, easy chairs, a hammock-like day bed and the NYC vista make it a little slice of heaven. Another favorite part of the house is the master bath, actually two bathrooms backto-back. Calling it “a big glass box,” Noriega-Ortiz says its interior walls of reflective Formica Surrell give the impression of a window. Currently working on a Mondrian Hotel in the Bahamas — slated to open at the end of the year — an apartment in Melbourne, two houses in Martha’s Vineyard and the 35XV tower in Chelsea, Noriega-Ortiz recently relocated his office to the reborn World Trade Center. (With Condé Nast and other fashion and design companies moving in, along with new restaurants and nightlife, he calls the area the next “hot” center of the design community.) Add to that a monograph recounting his 22 years in business (being released by The Monacelli Press this fall) and one gets the picture of a man who not only loves his work, but his life.

March/April 2014 | Luxury Listings NYC

MONEY MATTERS

RETIREMENT & NYC REAL ESTATE Plan now and enjoy a hassle-free life later BY TOM ACITELLI

ne of the biggest aspects of retirement planning is figuring out what to do with real estate. In New York City, the equation is often exacerbated by the sheer value of the housing here, where a one-bedroom apartment can sell for $1 million or more. How do you pass along something like that to your heirs with minimal taxes? What about downsizing to a smaller place? And what about that second (or third) home, post-retirement? Luxury Listings tracked down expert advice on how to retire well when it comes to real estate. It’s a topic confronting more and more New Yorkers, as twilight years become twilight decades, thanks to lifestyle changes and leaps in healthcare.

In 2010, the life expectancy for a 40-yearold city resident was 82.3 years and, for a 70-year-old, 87 — both higher than the national averages of 80.5 and 85.5, respectively — suggesting that New Yorkers need above-average retirement planning. It’s really all about planning ahead — however far off that end might seem today. Do the math now, experts say, and reap the benefits later. “As a financial planner, I know that many of my clients will be living into their 90s,” said Dina Lee, past board president of the Estate Planning Council of New York City. “It’s no longer a 10-year retirement plan. We’re talking about trying to make assets last 30-plus years.” Read on for our top tips.

DOWNSIZE

uying a smaller place can mean enjoying a financial windfall from the sale of a larger one. It will also reduce the amount you spend on bills — typically, in Manhattan, the larger the apartment, the higher the monthly common charges or maintenance fees.

Moreover, a sale of a larger residence can provide a tax advantage: Individuals are permitted to exclude from their federal income taxes up to $250,000 — $500,000 for married couples filing jointly — made on the sale of their primary residence (primary being the operative word here; read on for other types of properties). Downsizing need not be about buying, either. Darla Delayne, head of referral and relocation for Coldwell Banker Bellmarc Group, has recently seen clients sell homes in areas just outside of the city. They pocket the profits and rent in New York instead. “They are putting that money aside for a couple of years and renting in the city,” she said, “and playing for a bit before they really make a decision on where they want to settle down.”

Luxury Listings NYC | March/April 2014

ADAPT

2012 AARP survey found that more than 80 percent of Americans want to stay in their homes as they grow old. Adding safety features to make a home aging-friendly is sometimes just a matter of a small tweak or two. For instance, in the kitchen, replace cabinet and drawer-pulls with handles instead of knobs, which can be harder on arthritic hands. And, lest the cost of bigger renovations — like installing an elevator in a townhouse — spook you, know this: Investing in a major re-do now can save you big bucks down the line. A 2012 survey from insurance firm Genworth showed the benefits of renovating now for older age compared with the costs of assistedliving and nursing homes: The average monthly cost for an assisted-living facility in the U.S. was pegged at $3,200 — or nearly $40,000 annually.

PASS IT ON

“You look around and you realize you’re only using a few rooms of your home.”

nder the federal gift-tax exemption, anyone in their lifetime can pass up to $5.34 million of property without any federal taxes; married couples can pass up to twice this amount. Beyond the gifttax exemption, deciding when to pass along real estate becomes a matter of looking at the cold, hard actuarial facts: Can you afford the home you’re in for as long as you live? And how valuable might it be at death versus selling it before you die?

—Dina Lee

“You look around and you realize you’re only using a few rooms of your home,” Lee said. “Is this really where you want to allocate capital to?” If housing costs are going to eat significantly into retirement savings — a good rule of thumb is that retirement spending shouldn’t exceed 5 percent of savings annually — then it may be time to downsize (see previous page) or pass on your residence. In some cases — especially in New York City’s heated real estate market — it may be more worthwhile to pass on the asset at death. Experts suggest, however, hammering out terms of property bequeaths with condo and co-op boards at the time of purchase, whenever possible — rather than leaving relatives to deal with boards after your death.

STAY TOGETHER

2013 Pew Research analysis of Census data showed more than 16 percent of American households have at least two adult generations living under one roof. Also, the number of Certified Aging in Place Specialists (CAPS) designated by the National Association of Homebuilders has more than doubled since 2008, suggesting that the contracting industry is responding to an increased demand for multigenerational housing. The arrangement has myriad benefits, including having potential caretakers under one roof and allowing children to build up financial reserves in pursuit of their own home buys.

You want a contractor with that CAPS designation, experts say, if you’re thinking of tricking out your home into a multigenerational habitat, in much the same way you’d want one for aging-in-place renovations. Transforming rooms into suites for privacy — with new bathrooms and entryways, for example — is typical of this type of renovation. Previously ignored spaces such as basements and garages often find new life as these suites. Multigenerational homes generally work better in houses or townhouses. “I definitely see multigenerational in Brooklyn and Queens,” Delayne of Coldwell Banker Bellmarc said.

CONTINUED ON PAGE 18

March/April 2014 | Luxury Listings NYC

MONEY MATTERS

CONTINUED FROM PAGE 17

PLAY LANDLORD

ometimes, clients seek a multi-generational home that will eventually generate income through a rental component, Delayne said.

That’s one way of setting up shop as a landlord in retirement in New York City: When the kids — or grandkids — move out, the suite they inhabited becomes a rental. And that, experts say, opens up a toolbox of tax breaks, including deductions for interest payments related to loans for repairs or renovations. Experts caution against large-scale apartment investments, unless you can afford them: The median sales price for an apartment building in the five boroughs in 2013 was $1.32 million, according to brokerage Massey Knakal. Costs such as repairs, insurance and a property manager — who will typically take a percentage of a building’s monthly rental revenue — can more than offset tax breaks, especially in the first years of ownership.

ENJOY A PERMANENT VACATION

he same calculations that apply to your primary home apply to your secondary — or tertiary — one. You have to examine what you can afford, as well as the ease of commute between homes. But there’s a twist that a lot of New Yorkers confront a few years into retirement. Suppose that house in the country or that waterfront spread has become the place where you spend most of your time — in other words, your secondary home has become your primary. Tax law allows a married couple to exclude from federal taxation up to $500,000 in gains from selling a primary residence ($250,000 for individuals). Selling that vacation home that’s become a primary home can trigger that windfall, which can then be poured into buying another, less expensive place (see “Downsize”). All the while, if you can afford it, you can keep your Manhattan pad as a secondary home.

GO PART-TIME

f you have more than one residence, be aware of an expensive fact: Spending more than half a year at your New York City home makes you subject to the city’s income taxes, which also dip into estates and trusts. Experts advise that those who spend most of the year at their vacation homes maintain a paper trail to prove it come Tax Day. To crack down on city dwellers who might, in fact, be spending more time in town than they care to admit, New York in 2010 added an extra line to local tax forms, asking residents with secondary homes to specify how many days yearly they’re in Gotham.

Luxury Listings NYC | March/April 2014

465 PARK AVENUE

331 EAST 8TH STREET

LARGE PRE WAR HOME WITH TERRACE - Apt 402-405 | $6,195,000

PENTHOUSE DUPLEX WITH 3 TERRACES - Apt PH | $3,200,000

Selling as is. 4 apartments ready to be transformed into one unique and elegant apartment featuring a one of a kind landscaped terrace overlooking Park Avenue, with approximately 2,947 sq. ft. of total space. Bring your personal design statements and transform these 4 beautiful landmarks into one elegant home. web # 65873

3000 sq ft, 3 bedroom 2 bath triplex consists of top 2 floors of this boutique condo building. Private roof deck with a year-long heated jacuzzi, large enough for 4. State-of-the-art finishes, from central air and heat, open designer kitchen, 4 1/4” wide plank white oak floors and walls of windows throughout. web # 70799

WENDY JACKSON 917 679 1211 | BENJAMIN LIEBLEIN 917 679 5652

RADO VARCHOLA 917 250 2458 | IDIT ASHKENAZI 646 221 5069

246 WEST 17TH STREET

117 EAST 57TH STREET

STUNNING CONDO FOR SALE PRIME CHELSEA - Apt 3E

MIDTOWN EAST HOME WITH AMAZING VIEWS - Apt 45 CDE | $6,995,000

| $3,475,000

This 2 bedroom, 2.5 bath, approx1500 sq. ft. sprawling condominium. The grand foyer entrance with ten foot ceilings leads to an open designer kitchen completed in custom imported cabinetry, designer appliances. Both bedrooms are bright, with huge walk-in closet in master and exquisite full baths en suite. web # 65652

Entrance gallery, grand living/dining room and a paneled library adjacent (or 3rd bedroom) all with spectacular open city and park views. Chef’s kitchens with top of the line appliances, windowed breakfast area with views of Park. Located in the corner of Park Ave and 57th Street - one of NYC best. web # 67663

JESSICA CAMPBELL 917 621 7815

WENDY JACKSON 917 679 1211 | BENJAMIN LIEBLEIN 917 679 5652

106 CENTRAL PARK SOUTH

42 EAST 20TH STREET

CONDO WITH CENTRAL PARK VIEWS Apt - 15G | $2,499,000

STUNNING LOFT AT THE BULLMOOSE IN THE FLATIRON DISTRICT - Apt 2C |

Located in the Trump Parc building on Central Park South. 2 bedroom, 2.5 bathroom unit with views of the park! Each bedroom has its very own en-suite bathroom. The master bedroom has views of the park and 2 huge walk-in closets. Living room is spacious with window seating. web # 70577

This dramatic 2 bedroom/2 bathroom Flatiron loft is a perfect blend of pre-war and modern living. The residence is one of only three apartments in the building with soaring 15’ ceilings. A generous entry foyer leads into an open kitchen flowing seamlessly into a huge living/dining space with 10’ Pella Windows. web # 71905

KEN DOUGLAS 347 665 2064 | NICOLE PAULINO 646 261 6626

AMJAD PERVEZ 917 607 0339 | BROOKE ELLIOTT 917 727 1456

55 WEST 84TH STREET

$2,595,000

46-30 CENTER BOULEVARD

STUNNING CONVERTIBLE 2 BEDROOM 1.5 BATH CONDO Apt - 2 |

THE VIEW FACING EAST RIVER IN LONG ISLAND CITY - Apt PH4 |

$1,350,000

Refinished hardwood floors, exposed brick, decorative fireplace and high ceilings give a distinctive PreWar warmth. Brand new kitchen with stainless steel appliances and new counters. This duplex home provides over 1300 sq ft interior and over 300 sq ft exterior. web # 68306

SABRINA SEIDNER 917 805 9475

JOIN OUR LEADING BRAND

$2,500,000

This home features a sprawling living room with floor-to-ceiling windows, cathedral ceilings, wood floors and a large private terrace to enjoy the most spectacular eye-level city skyline. Gourmet kitchen boasts top-of-the-line appliances; Viking stove, Sub-Zero, Bosch dishwasher, a built-in wine cooler, granite counter-top. web # 70181

SILVETTE JULIAN 917 846 3942

BE PART OF THE MOVEMENT

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LONG ISLAND CITY

415 Madison Ave. NY, NY 212 252 8772

100 Riverside Blvd. NY,NY 646 681 8811

587 Fifth Ave. NY, NY 212 252 8772

55 Christopher St. NY, NY 212 252 8772

156 Reade St. NY, NY 212 729 1101

578 Driggs Ave Brooklyn, NY 718 302 0900

47-44 Vernon Blvd. LIC, NY 718 707 0200

CELEB CRIBS

LA VIE EN ROSE Opera star Nedda Casei reflects on the years spent in her $5M Italianate-inspired home BY ZACHARY KUSSIN

edda Casei, the legendary mezzo-soprano who performed with the Metropolitan Opera for more than two decades, surrounds herself with music. Nowadays, the 81-year-old teaches seven international career opera singers — they make trips to NYC for intensive, weeklong lessons — and hosts the occasional recital, all within her capacious living room. It’s really a shame her neighbors can’t hear anything: Casei’s Classic 7 co-op is fully soundproofed. Even without singing, Casei — whose credits include the title role in “Carmen” and Suzuki in “Madama Butterfly” — enchants visitors with her soothing voice. Tall, blonde and slender, she moves through her home with grace and a confident stride, much like she would an opera set. Casei takes pride in showing off the home that she created — a space with color and charm to match her grand and gregarious personality. The apartment looks quite different then it did in 1992, when she bought it. The interior was a “wreck,” she said, and one of the terraces had structural issues. But the place was a bargain (though she declined to disclose the price) and, at the time, Casei

was looking for a fresh start. Her husband had died and she had sold a big apartment at 980 Fifth Avenue. She wanted a smaller space, with outdoor areas being the main priority. But several months after her purchase, Casei received an offer to work in Japan as a visiting professor; for the next two years, she split her time between locations. “I didn’t really get a chance to move in,” she said. She began the renovation in 1995, an intensive process that went on for approximately three to four years, she said. The home’s library — a stunning, academia-chic room with rows of wooden bookshelves and a large desk that faces a window — was the first target. She wanted the room to feature lots of wood, to have it resemble a real library where she could store her books and music scores. And there was more. Casei wanted beamed ceilings, so her contractor went to the Brooklyn Navy Yard, where he got pillars that were previously used in the water and installed them throughout. She also wanted wooden floors; the contractor traveled down to the Carolinas to get the flooring from an old home that was being dismantled. The remainder of the wood was used for the ceilings. These combined additions helped soundproof the space.

A portrait of Casei at 22, when she was just beginning her career, hangs over her bed.

“Along the way, it’s been building itself,” she said of her home. “It’s like a painter painting a painting. You add a stroke here and suddenly you see you should have something over here — and it’s the same way with the apartment.” Other steps of the redesign included widening the kitchen and creating arched entryways to connect the rooms, which give an airy, European-style feel. Casei refers to the spread as her “Italian villa,” and the look pays homage to the 11 years that she spent living in Italy, during which time she made her operatic debut, first in Brussels in 1960 and at La Scala in Milan that same year. Following her 1964 premiere at the Met, she traveled back and forth between America and Europe. She performed at the Met for 22 years, until 1986. “I had probably acquired more of an Italianate European influence,” she said of the design, which embraces a prominent color palate. The walls, furniture, rugs and linens sport a mélange of rich Rococo-style pink, red and purple tones. The walls are predominately peachy-pink in color; hidden pockets flash other colors. The kitchen is red with red accessories and her dressing room is similarly hued — it’s a space she calls “Red Room.” On the dining

Salvaged wood is used throughout. The apartment has two large, verdant, L-shaped terraces.

Photo courtesy of StreetEasy

Luxury Listings NYC | March/April 2014

Photo courtesy of StreetEasy

“I never had the feeling of living in New York. It’s like I’m living in a special land of my own.”

The sitting room, where Casei gives voice lessons.

PHOTOGRAPHED BY CHRISTIAN FERNANDEZ

room ceiling is a painting of grapevines; it’s accented by pink and red splashes, as well as the colors of a stained glass window depicting grapevines. Even a light that hangs over the deep master bathtub makes the surrounding marble emanate a soft red glow. Such a chromatic display ranks as something very important for Casei, which provides a sense of comfort. “I think a home should be warm, loving; an affectionate home,” she said. “Something that reaches out and envelops you. Because I live alone and I’ve lived alone for quite a while … it’s a wonderful feeling to come home and it’s like something that puts its arms around you, gives you that loved, cared-for feeling.” Casei has performed all over the world, and even in her travels, she needs to feel at

home. The self-described “homebody who was floating around” said she often adds her own personal touch to temporary locations, much as she did her permanent one. “I’ve even customized my hotel rooms,” she said. “I take a red scarf and throw it over a chair, and I rearrange the furniture and fluff up the pillows. I have to make it home.” The outdoor space in her Manhattan home creates the full package. The two irrigated L-shaped terraces are lush with abundant plantings; there are lilac trees, crabapple trees, grapevines, white lace hydrangeas, red roses and peonies. “I never had the feeling of living in New York,” she said. “It’s like I’m living in a special land of my own.” But, like a beautiful aria, all things come to an end. In a bid to downsize, Casei put

her home on the market this past October for $5.5 million; she then lowered the asking price to $5 million last month. Lori Carlis of Halstead Property is the listing broker. Casei, who is working on a memoir, has rented a smaller apartment on the Upper East Side, where she’ll bring select belongings with her. A good portion of her music scores, study tapes and theater scrapbooks will be donated to Boston University for archival purposes. She’s bringing boxes to her new digs and as the new home develops, a new piece of living art is brought into being through Casei’s nesting instinct. “I’m not as unhappy as I thought I would be,” she said of leaving her home of 20-plus years. “It’s a new, creative process.”

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TECH TRENDS

INSTANT KARMA Why Instagram is an essential tool when hunting for a NYC home BY ZACHARY KUSSIN

hen Sanchali Roy and her husband listed their home with a group of three brokers — one of whom was Fredrik Eklund of “Million Dollar Listing New York” — she didn’t think that it would sell from an Instagram photo uploaded by the Bravo star. “We were all kind of shocked,” she said of the deal, which went into contract just one week after listing the one-bedroom, 1.5-bathroom 325 Fifth Avenue spread for $1.475 million in October. The sale — totaling $1.375 million — closed the following month. “I thought he would be a great choice,” Roy said of enlisting Eklund and his team at Douglas Elliman. “Because of the TV show, he does have a huge social media following.” Roy isn’t alone in seeking out brokers with a large, active social media presence, particularly ones who strut their stuff on mobile social media. As our modern lives become increasingly entwined with our mobile devices, real estate brokers have gotten savvier, too. In the past year, Instagram — a mobile-based photo-sharing social network — became the fastest-growing of the social networks, according to a study by research firm GlobalWebIndex. Nowadays — thanks to the app’s ability to provide nearly real-time updates, with photos and captions, all at the easy scroll of a thumb — Instagram is an increasingly popular way to buy, sell or rent a home in the city. “I can take a photo — the money shot — post it on Instagram, and I’ve gotten immediate inquiries from people

Luxury Listings NYC | March/April 2014

Fredrik Eklund, a Douglas Elliman broker and Bravo TV star, often posts Instagram photos of his luxe property listings.

that have brought me buyers,” said Nest Seekers broker Ryan Serhant, another “Million Dollar Listing New York” star, who has some 36,224 followers in the social medium. “It’s becoming incredibly, incredibly important.” (In January, Serhant posted a photo of a listing on Instagram, a $7.5 million townhouse at 203 East 71st Street, boasting he’d sell it in less than 24 hours. Two days later, Serhant announced on Instagram that the house went into contract, for the full asking price, in a single day.) Roy’s broker, Eklund, has more than 73,000 followers on Instagram. Combined with Facebook and Twitter, he reaches more than 190,000 people — and roughly 20 percent of his business last year came from social

media, he said. He posts Instagram pictures of his listings, as well as some personal ones of his family and even uses images to announce news of sales launches. One recent example includes an upload of a new project rendering for 215 Sullivan, an upcoming condominium in Greenwich Village, with homes priced from $3 million to over $16 million. He said he got 25 calls right away from brokers requesting appointments. “Saying you have 200,000 followers is powerful and easily understood by all,” Eklund said. “It’s also immediate and you don’t have to wait for PR meetings and putting together advertising and creative. It’s at the push of a button on my iPhone and [it’s] global.”

Another key element to Instagram’s success in the hyper-competitive world of NYC real estate? The “social” element in social media. Take the story of Fran Bene, who was looking to move back to the city after a year in New Jersey. A frequent Instagram user, Bene noticed a friend of hers kept liking listing shots posted by Eric Rohe, a friend of a friend who is an agent at Citi Habitats. “So I clicked it,” she said of his Instagram profile. From there, she saw his Twitter account and blog, then realized: “OK, this guy’s legit.” Bene decided to get in touch with Rohe through their mutual friend and, just two days later, with the broker’s help, she signed a lease on an apartment on East 90th Street. She moved in this past December. “It’s so much faster and we live off that now,” Bene said. “It’s easier also for the mind — you can just take your thumb and scroll down. It’s so easy.” In another example, Randi Kay was recently looking for a new home — and while she doesn’t have her own Instagram account, she had asked a relative to keep an eye out for potential pads for her. One day, they both saw a listing for a one-bedroom located on East 88th Street, and a spark hit. “I saw the apartment and loved it right away,” Kay said.

“I can take a photo — the money shot — post it on Instagram, and I’ve gotten immediate inquiries from people.” — Ryan Serhant

Indeed, being able to “see” a home — without the hassle of Metrocards, schleps in the snow or potentially awkward conversations with real estate agents — is part of Instagram’s appeal for house hunters. “Buyers and sellers nowadays are very sophisticated and they don’t need agents to ‘tour’ them to every single available property,” Veronika Kehn, a salesperson at Nest Seekers, said. “[Instagram] can be another source for them, especially for those who are social media savvy that browse all the time,” she added. K ay, for one, contacted the listing agent for the property she saw on Instagram (Citi Habitats’ Erich Rohe) by email — and signed the lease within a week. The entire process was remarkably easy, she said. “I’ve met with so many brokers and I’ve been screwed so many times,” Kay said. “But I’m lucky I found him.”

CCS ARCHITECTURE | new york + san francisco

Eklund’s Twitter profile picture. Combined with Instagram and Facebook, he reaches nearly 200,000 people.

www.ccs-architecture.com modern residential architecture + interiors since 1990

465 PARK AVENUE

331 EAST 8TH STREET

LARGE PRE WAR HOME WITH TERRACE - Apt 402-405 | $6,195,000

PENTHOUSE DUPLEX WITH 3 TERRACES - Apt PH | $3,200,000

WENDY JACKSON 917 679 1211 | BENJAMIN LIEBLEIN 917 679 5652

RADO VARCHOLA 917 250 2458 | IDIT ASHKENAZI 646 221 5069

246 WEST 17TH STREET

117 EAST 57TH STREET

STUNNING CONDO FOR SALE PRIME CHELSEA - Apt 3E

MIDTOWN EAST HOME WITH AMAZING VIEWS - Apt 45 CDE | $6,995,000

| $3,475,000

JESSICA CAMPBELL 917 621 7815

WENDY JACKSON 917 679 1211 | BENJAMIN LIEBLEIN 917 679 5652

106 CENTRAL PARK SOUTH

42 EAST 20TH STREET

CONDO WITH CENTRAL PARK VIEWS Apt - 15G | $2,499,000

STUNNING LOFT AT THE BULLMOOSE IN THE FLATIRON DISTRICT - Apt 2C |

KEN DOUGLAS 347 665 2064 | NICOLE PAULINO 646 261 6626

AMJAD PERVEZ 917 607 0339 | BROOKE ELLIOTT 917 727 1456

55 WEST 84TH STREET

$2,595,000

46-30 CENTER BOULEVARD

STUNNING CONVERTIBLE 2 BEDROOM 1.5 BATH CONDO Apt - 2 |

THE VIEW FACING EAST RIVER IN LONG ISLAND CITY - Apt PH4 |

$1,350,000

SABRINA SEIDNER 917 805 9475

$2,500,000

SILVETTE JULIAN 917 846 3942

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415 Madison Ave. NY, NY 212 252 8772

100 Riverside Blvd. NY,NY 646 681 8811

587 Fifth Ave. NY, NY 212 252 8772

55 Christopher St. NY, NY 212 252 8772

156 Reade St. NY, NY 212 729 1101

578 Driggs Ave Brooklyn, NY 718 302 0900

47-44 Vernon Blvd. LIC, NY 718 707 0200

556 THIRD AVENUE

132 EAST 36TH STREET

PENTHOUSE WITH PANORAMIC VIEWS OF THE CITY - Apt PH-D | $6,450,000

THE MANSION OFF PARK AVENUE Apt - TH |

Occupying a full floor, this 3,549 square-foot prize Penthouse features a series of fabulous fours: 4 bedrooms, 4 bathrooms, 4 walk-in closets, and 4 awe-inspiring balconies at all 4 corners, occupying 400 square feet of outdoor space with glass surrounds so you don’t miss even a little bit of the view.

A single-family townhouse zoned for a home occupation business on the basement and ground levels. Recently renovated and redesigned, spanning over 7,000 sq ft with 5 bedrooms, 6 full bathrooms, 2 half baths and 2 kitchens, elevator, 6 Fireplaces, full basement w/ handicap ramp, backyard, and private roof deck. web # 71619

REGIS ROUMILA 646 325 7173 | JOHN BARCHITTA 646 479 6548

RYAN SERHANT 646 443 3739

2 RIVER TERRACE

$8,495,000

57 READE STREET

BATTERY PARK CORNER FLOOR-THRU WITH VIEWS - Apt 7L | $3,995,000

BRAND NEW 3 BEDROOM CONDO TRIBECA - Apt 7BD | $4,295,000

A perfect floor through corner unit with river views in Battery Park, 7L wraps the East Wing of the Riverhouse condominium and boasts three exposures to the north, west and east. Spanning over 2,000 square feet--home to three bedrooms and 4 bathrooms--this luxurious waterfront residence is truly one-of-a-kind. web # 71002

Situated in one of Tribeca’s premier new condominiums, this downtown residence epitomizes luxury and offers a dynamic living experience. Spanning 1900 sq ft, this large 3 bedroom, 3 bathroom home has an open floor plan, high ceilings, walls of windows and unique outdoor space. web # 70216

RYAN SERHANT 646 443 3739 | KAPTAN UNUGUR 917 405 7087

RYAN SERHANT 646 443 3739 | LINDA HO 415 279 1575

330 EAST 57TH STREET

15 BROAD STREET

DOWNTOWN BY PHILIPPE STARCK - Apt 1116 | $1,675,000

ELEGANT FLOOR-THROUGH CONDO IN SUTTON PLACE - APT 9 | $3,200,000 Renovated full floor 3 bedroom/2.5bath home. Expansive living/dining room has floor-to-ceiling windows offering great light throughout the day. The spacious and open gourmet kitchen has been beautifully upgraded with top-notch appliances including Miele stove, Sub-zero refrigerator and marble counter-tops. web # 71226

AMJAD PERVEZ 917 607 0339 | MARSHA KOPPEL 917 532 6645

Illuminated from the West, this open loft condo has the most flexible layout in the building. Currently this home holds one master suite bedroom, 2 secondary rooms, 2 full bathrooms, while still leaving room for an oversized living room and a grand extended kitchen. web # 57868

NICK JABBOUR 917 880 9311

250 EAST 65TH STREET

EXCELLENT CONDO VALUE - Apt 13C

59 JOHN STREET

$1,695,000

Huge 1300 sq ft twin-mastered 2 bedroom 2 bathroom with full dining area. Grand living/dining room has an airy feel due to the corner location with west exposures and extensive windows. Separate kitchen. 250 East 65th St. is a full-service, pet-friendly building with a newly renovated lobby and hallways web # 71760

REGIS ROUMILA 646 325 7173

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FIVE NINE JOHN LOFTS - Apt PH 2 | $2,695,000 1550 sq ft 2 bedroom 2.5 bath corner Penthouse with spacious loft feel with 11 foot ceilings in the living area and a wall of windows. Cozy up in front of the fireplace after a fantastic meal prepared in the open kitchen furnished with Viking appliances. Wrap-around 1821 sq ft private terrace. web # 72155 REGIS ROUMILA 646 325 7173 | MARIE ARAFILES 917 216 0556 | VERONIKA KHEN 347 856 9909

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MANHATTAN MARKET ROUNDUP

Final fantasy As bidding wars escalate, sellers are reneging on “best and final” deals By Katherine Clarke

“There’s one apartment per 10 buyers, as opposed to one ew York City is in the big leagues of real estate, where buyapartment per three buyers,” said Jason Haber, CEO of Rubiers need sharp elbows to secure a deal. Now the city’s con Property. property market is becoming even more cutthroat, thanks to a Years ago, “best and final” offers were more formal, shift in the way bidding wars are resolved. Kleier said. In an environment where there is a shortage of homes on Buyers and their brokers would present their offers simulthe market, sellers of desirable properties are receiving numertaneously at the listing manager’s office, and the offer letous last-minute offers — some of which are causing them to ters were considered with the buyers present. Now, however, backtrack on prior agreements to sell. they’re delivered over email, and their purpose isn’t necessarily In bidding wars, which have become increasingly common, to secure a final deal. the concept of “best and final” — when brokers ask buyers to “ ‘Best and final’ doesn’t mean submit their highest offers — is no longer ‘final,’ ” said appraiser Jonathan Miller, an effective tool to get a deal completed. who prepared the Elliman report. Today, brokers said, many sellers are Nick Jabbour of Nest Seekers Interditching those deals at the last moment. national said the process is more an “[It used to be that] a handshake informational tool for the seller rather was a handshake, and if you said, ‘yes,’ than a service to the buyer. you meant, ‘yes,’ ” said Michele Kleier, “To me, the purpose of best and fihead of boutique brokerage Kleier Resnal is not to have a firm commitment idential. “Now there are sellers who, for in place,” he said. “It’s a way [for the an extra $10,000, will pull out of a deal.” seller] to get all the information needed The low number of homes on the —MICHELE KLEIER, from all parties who are planning to market and heavy sales volume are Kleier Residential throw their hats into the ring.” driving competition between buyers. In this environment, it’s important to Buoyed by those two factors, Manmake it clear to the winner that a deal is not a deal until the ink hattan condo and co-op prices remained consistently high in is on the contract, Haber said. 2013, according to a recent Douglas Elliman market report. There are still some sellers who honor their handshake The average sales price for a Manhattan home inched up agreements, but only to a point, Jabbour noted. 1.9 percent to $1.4 million last year. It was a modest year-over“You can generally tell the type,” he said. “You have the year gain, but an increase that brings the average price close to analytical seller and the more emotional seller. The analyti2007’s record levels. Meanwhile, the number of homes on the cal seller is more apt to try to capitalize as much as they market fell to a 14-year low, and sales volume hit its secondcan, whereas the emotional type tends to honor their highest level in 25 years. commitment.” In 2013, the number of sales surged by 21 percent year-overyear to 12,735 apartment sales, while the number of homes for sale fell 12 percent, to 4,164 units.

“It used to be that a handshake was a handshake, and if you said ‘yes,’ you meant ‘yes.’ ”

IN 2013:

Average sales price up 1.9% to $1.4M

Luxury Listings NYC | March/April 2014

Sales activity surged by 21%

Inventory fell to a 14-year low

NEW YORK STYLE JAMAICA BAY PRIVATE RESERVE

SENSATIONAL PARK VIEWS

Brooklyn/Mill Basin. One-of-a-kind private compound, 2 homes, 23,000’ int, 40,000’ of grounds, 7 MBRs, 14 baths, pool, parking, dockage, water views from every room. $30M WEB# 2724473 James Cornell 718.923.8081, Leslie Marshall 718.923.8034

CPW. Duplex w/13 Baronial rooms. Opportunity to combine 2 apts on high flr in top prewar co-op. Create 5 BRs, 4.5 baths, high ceilings, beautiful arch detail. Mint condition. Co-Excl. $21.5M WEB# 3087636 Elizabeth Spahr 212.893.1735

EXQUISITE RIVER VIEWS

CELEBRATED WEST 11TH STREET

EEA/87th St. Spectacular 4,902 SF, 5 bedroom condo penthouse with 11’ 5” ceilings and floor-to-ceiling windows throughout. New A+ building with full amenities. $14.8M WEB# 3097033 Andrea Wohl Lucas 212.605.9297

W 11th St. Historic 4 story 22’ wide townhouse. 5 BRs, 3.5 baths, 6 fireplaces. South facing landscaped garden. Elegant home. Move-in condition. $12.75M WEB# 2816024 Deborah Grubman 212.836.1055, David Dubin 212.605.9287

GREENE STREET DREAM

LUXURY FULL SERVICE FIVE BEDROOM CONDO

Soho. Private, keyed elevator full floor condo loft. Grand entertaining space. Open chef’s Kit & library. MBR suite, 1 BR & sleeping loft. 2 baths. E/W expos. Central A/C, W/D. $9.4M WEB# 2623970 Deborah Grubman 212.836.1055, David Dubin 212.605.9287

E 53rd St. Panoramic Views.5 BRs. 5.5 baths. Renovated EIK. Views of East River & Chrysler Building. Large office. W/D. 3 balconies. Gym. Private storage. $7.4M WEB# 2717852 Julia Cahill 212.836.1049

EAST VILLAGE SINGLE FAMILY

GRAND PREWAR APARTMENT

E 5th St. Selldorf designed single family townhouse. 5,200 SF, 5-7 bedrooms, 6 baths, 2 fireplaces, roof deck and backyard. $7.25M WEB# 2661070 Glenn Schiller 212.941.2561

UES. 75 ft of Park Avenue west facing frontage. Exquisite original detail throughout this sun drenched nine room home. 4 bedrooms, 3 baths, high ceilings. $6.5M WEB# 3052762 Elizabeth Sahlman 212.323.3240, Liora Yalof 212.323.3242

Virtually Staged

FULL CENTRAL PARK VIEWS

EXPANSIVE BRIGHT LIVING

Central Park South. Magnificent one bedroom/1.5 bath at the Iconic Plaza Hotel. Perfect pied-a-terre or investment property. Condominium. $4.25M WEB# 3057789 Christopher Infante 212.605.9358, Deborah Grubman 212.836.1055

W 67th St. 2 bedrooms, 2 baths on Central Park West. Wall-of-windows with 26’ x17’ LR, 9’ 7” ceiling, WBFP, dining, windowed kitchen, thru-wall A/C, pied-a-terre friendly. $2.395M WEB# 2831561 Amy Katcher 212.875.2894

SEARCH BY WEB# ON Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 660 Madison Ave, NY, NY 10065. Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. All listing phone numbers indicate listing agent direct line unless otherwise noted. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer.

MODERN DEFINED. CLASSIC REDEFINED. 2 TO 5 BEDROOM CONDOMINIUM RESIDENCES FROM $3,995,000 TO OVER $20 MILLION

Located in the Tribeca North Historic District, The Sterling Mason offers a limited collection of thirty-two distinct residences. Acclaimed architect Morris Adjmi and interior designers John and Christine Gachot come together to create the perfect marriage of open-plan loft living with the sophistication of classic pre-war residences. Refined services include a doorman, concierge, porter, and resident house manager. Amenities feature the stunning courtyard garden, library lounge, private fitness room with yoga and exercise studio, a children's playroom programmed by the 92nd Street Y, storage, and on-premises parking. An innovative collaboration of architecture, design and craft, The Sterling Mason redefines classic Tribeca. thesterlingmason.com | 212.674.7171 | SALES GALLERY: 459 Washington Street, Tribeca, New York 10013

All dimensions and square footages are approximate and subject to construction variances and may vary from floor to floor. Sponsor reserves the right to make changes in accordance with the offering plan. The complete offering terms are in an offering plan available from the Sponsor. File No. CD13-0017. Sponsor: Laight Street Fee Owner, LLC and Laight Street Fee Owner II, LLC c/o Taconic Investment Partners, 111 Eighth Avenue, New York, NY 10011.

1 3 2 1) The space will be designed to store high-end collections, such as fine wine. 2) A historic view of the building at 305 East 61st Street. 3) Developer Adam Gordon.

TOP-SHELF STORAGE

Locals can stash wine and art at an upcoming, upscale facility

outique condo developer Adam GorNeighborhood residents will be able to swing by don — the man behind the luxury converthe facility during business hours without an apsion of 54 Bond Street — made his fortune pointment, whether to pick up a dress, a painting or converting properties into self-storage a bottle of wine they’ve stored there. “If someone has units. Now, the investor is going back to his a bottle of Lafite or a Mondrian, it would be as comroots — sort of — by creating a high-end storage facilfortable here as any place they might keep it in their ity, designed for collectors of fine art and fine wine. apartment,” he said. Gordon plans to convert an existing 11-story storBut does demand exist for such a facility? “Most of age building at 305 East 61st Street into a high-end my clients really want the storage in their own buildpersonal and art storage facility, tailored to welling,” said Michelle Kleier, star of HGTV’s “Selling New heeled Upper East Siders as York” and chief of boutique browell as art galleries on the 57th kerage Kleier Residential. “Even Street corridor, he said. storage in your own building is “This will be an extension of “You could only pull this off like the place of no return. Once a personal closet or gallery with a unique piece of real esit goes down there, you may tate on the Upper East Side,” he never even look at it again. If it’s space or wine storage.” said. Indeed, the neighborhood in another building all together, —Developer Adam Gordon was recently named the thirdthat’s worse.” most expensive zip code in the Other brokers, however, were country by Forbes, with a median home price of $4.86 on board. “I think it’s brilliant,” said Michael Graves, a million (not including co-ops). luxury residential broker at Douglas Elliman. “A lot of “It’s going to be a totally revolutionary brand of people like to rotate their art collections, for example. storage that has never existed before,” said Gordon. Most of the storage facilities that come inside these “This will be an extension of a personal closet or galUpper East Side co-ops cannot handle the scope of lery space or wine storage — [it’s necessary] espewhat these collectors keep, whether it’s wine, art or cially after what happened with Winecare Storage other valuables, like jewelry. and that whole debacle.” Winecare Storage, a Chel“If the facility were high-tech, high-security and sea-based storage provider for owners of fine wine engineered to protect the life span of specific valucollections, went bankrupt last year and has so far ables, there will be high demand,” he said. “But the been unable to return 27,000 cases of valuable wine security and service level will need to be extremely to its clientele, according to news reports. high.” — Katherine Clarke

Luxury Listings NYC | March/April 2014

NEIGHBORHOODS

UPPER EAST SIDE

Housing costs

Business

Running down the numbers

Qatari apparel

Average January sales price Studio 1 bed 2 beds 3 beds > 3 beds

$300,000 $838,361 $1,562,222 $2,460,000 $8,245,148

ook out for Qatari fashion label Qela opening up its first U.S. shop at 680 Madison Avenue. The retailer, which sells high-end clothing, leather goods, shoes and jewelry for women, will occupy two floors and will open in the fall.

Average January rents Studio 1 bed 2 beds 3 beds > 3 beds

$2,310 $2,650 $6,038 $11,248 $31,249

Source: StreetEasy

Fast facts

Plenty of green, lots of landmarks and the Whitney Biennial 21,500 Approximate number of trees in Central Park

Dining

128

Individual landmarks on the Upper East Side, including Gracie Mansion, the Cooper-Hewitt National Design Museum and Central Park

Elaine’s 2.0 George Plimpton

Number of Annuals and Biennials at the Whitney Museum, which began in 1932. The 2014 Biennial starts this month and will be the museum’s last in its current 945 Madison Avenue location. Sources: Central Park, Friends of the Upper East Side Historic Districts, Whitney Museum

Pricey digs

The Upper East Side’s most expensive rentals PRICE $105,000/month

he legendary Elaine’s — the longtime haunt for writers and notables that closed in 2011, after 50 years in business — has a new lease on life. Restaurateurs Michael and Susy Glick have reopened the 88th Street and Second Avenue space as The Writing Room, an eatery that pays homage to Elaine’s regulars such as Norman Mailer and Gay Talese. The cuisine is American — an apple pie for two costs $19 — and the atmosphere is punctuated with rock and funk music.

ADDRESS 2 East 61st Street

Nabe news

TYPE/SIZE One bedroom, one bath; 1,115 square feet

Dalton School set to grow

GO GREEN This pad at the Pierre has Central Park views.

PRICE $80,000/month ADDRESS 9 East 94th Street TYPE/SIZE Six bedrooms, six baths, one half bath; 7,250 square feet FOR TOP CHEFS Love to cook? This home has two kitchens.

he prestigious Dalton School, which charges $40,000 for annual tuition, will tack on two stories to its East 89th Street digs, thanks to approval by the city Board of Standards and Appeals. The number of students will stay the same, but the 12,164-square-foot expansion will house the school’s science, technology, engineering and math programs. The school’s plan sparked controversy among some neighbors, the community board and local officials over blocking views and light.

Source: StreetEasy

March/April 2014 | Luxury Listings NYC

2 1 3 1) Central Park — a treasured spot in the nabe — shows off its spring colors. 2) Award-winning P.S. 199. 3) P.S. 452’s bright, decorated hallway.

SCHOOL IS COOL ON THE UWS

Family-friendly nabe sees spike in kindergarten applications

ith great public schools, a trove The school’s waitlist typically has fewer than 100 of play spaces, playgrounds and names, according to DNAInfo; in 2013, for instance, casual eateries — not to mention the school waitlisted only 39 children and, in 2012, 45. easy access to two of the city’s The spike lay not only in Upper West Side newtop parks — the Upper West Side comers and growing families, but in P.S. 199’s rehas long been one of Manhattan’s most familycently enhanced reputation: In September, it was the friendly neighborhoods. And now, it appears that the only Manhattan school — and one of just 286 nationnabe has become even more desirable. Real estate wide — to receive the National Blue Ribbon School agents and home sellers on the Upper West Side are Award, according to DNAInfo. In addition, some parsuffering from an enviable problem: increased interents say that the Department of Education’s controest in the neighborhood’s elementary schools. versial new kindergarten application process conThe uptick in interest, which tributed to the increase. (This includes an unusually high year was the launch of Kindernumber of kindergarten appligarten Connect, an online-only P.S. 199 in Lincoln Square cations and requests for school application that allows parsaw a “massive surge” in tours, suggests the interest in ents to list up to 20 schools as the Upper West Side is comchoices.) kindergarten applications ing not just from newcomers Meanwhile, P.S. 452 at 100 this year. but from families looking to lay West 77th Street is also redown deeper — and more spaporting increased interest — in cious — roots. tours, if not applications. The P.S. 199 in Lincoln Square, in particular, saw a requests for school tours have been so great recent“massive surge” in kindergarten applications this ly that the school has not been able to accommoyear, its PTA president Eric Shuffler told DNAInfo. As date every request, DNAInfo reported. Real estate of February 5 — more than two weeks away from the agents, keen on knowing more about the elemenregistration deadline, which was bumped to Februtary school on behalf of clients, are among those ary 20 just two days before the initial deadline of requesting tours — and they’re also among the first February 14 — the elementary school had already rethe school turns away. — Tom Acitelli ceived 589 applications for 148 kindergarten spots.

Luxury Listings NYC | March/April 2014

NEIGHBORHOODS Housing costs

Nabe news

Running down the numbers

Will power

Average January sales price $495,500 $794,278 $1,792,642 $4,337,967 N/A

Studio 1 bed 2 beds 3 beds > 3 beds

$2,283 $2,936 $4,813 $8,583 $14,857

Source: StreetEasy

Fast facts

Church construction, Lincoln Center’s revamp and a walk in the park 1892

Year in which construction began on the Cathedral Church of Saint John the Divine — the largest cathedral in the world — located on Amsterdam Avenue near West 112th Street. The church is still being modified and construction will continue for decades.

Developments

Modern family house

enerally sticklers for neighborhood context, the city Landmarks Preservation Commission made a surprise move in January by telling the designers of a five-story townhouse to build a modern structure within the Central Park West Historic District. The plans for the empty lot, located at 110 West 88th Street, were previously tossed by the local community board because it didn’t fit the surroundings. “Don’t worry about what’s next door, just do what you want to do,” Landmarks Commissioner Joan Gerner told one of the architects involved.

$1.2 billion

Cost of Lincoln Center’s six-year campus renovation project, which was completed in October 2012

Length, in miles, of Riverside Park Sources: St. John the Divine, Lincoln Center, NYC Parks

Pricey digs

The Upper West Side’s most expensive townhouses PRICE $23.5 million ADDRESS 42 West 71st Street

ulti-millionaire hedge funder Robert Wilson, who plunged to death from his 16th-floor home at the San Remo in December, donated his $800 million fortune to charity before he took his life. The 87-year-old, who had long been involved in philanthropy, suffered a stroke several months before. Beneficiaries include the World Monuments Fund, the Wildlife Conservation Society and the Roman Catholic Archdiocese of New York, each of which got $100 million before his death.

Average January rents Studio 1 bed 2 beds 3 beds > 3 beds

UPPER WEST SIDE

Celebrity watch

Farrow-ing his gaze on the UWS

TYPE/SIZE Six bedrooms, seven baths, three half baths; 8,300 square feet across six levels PRIVATE PARTY Enjoy the improving weather by entertaining guests on the roof deck.

PRICE $19.995 million ADDRESS 41 West 70th Street TYPE/SIZE 6,430 square feet EASY ACCESS The home has an elevator that reaches all five floors. RONAN FARROW, the new MSNBC host and son of actress Mia Farrow, made his first New York City real estate buy with the $1.5 MILLION purchase of an Upper West Side home. The two-bedroom condo unit measures 982 square feet and its rooms have floor-to-ceiling windows. It’s located at 225 WEST 60TH STREET. Source: StreetEasy

March/April 2014 | Luxury Listings NYC

2 1 3 1) Rendering of Jean Nouvel-designed tower to be built on West 53rd Street. 2) Renderings of 111 West 57th Street (left) and One57 (right) stretching skyward. 3) A view of Central Park, looking south.

SLIM SHADY

Tall, skinny condos will cast long shadows in Central Park

he super-skinny, ultra-high, mega-luxand Heckscher Playground — into darkness. ury towers currently under construction On December 21, the winter solstice , the study on 57th Street will do more than bring a shows shadowy fingers extending far to the north of new type of international billionaire to the park, reaching the Ramble. the neighborhood: They’ll cast long, dark The Municipal Art Society has prior experience shadows across a wide swath of Central Park. battling shadows over “the lungs of the city.” In the “The Accidental Skyline,” a study published in De1980s, they led a campaign against a proposed develcember by the Municipal Art Society of New York, a opment at the southwestern corner of Central Park. non-profit that advocates “intelligent” urban design In 1987, they staged a “Stand Against the Shadow” and planning, details the shadowy effects of these event; hundreds of protesters carried black umbrellas high-rises, which are being built “as of right” — meanwhere the buildings’ shadows would fall. The mixeding without public review. use project was eventually built , “It’s troubling that the sky’s but the resulting Time Warner the limit when it comes to one of Center was set back from the At certain days and times, our most precious public spacpark, was shorter in stature and the shadows will stretch far es,” Municipal Art Society presialso incorporated arts programdent Vin Cipolla told the Daily ming (Jazz at Lincoln Center). within the park, plunging News. “We need to protect these In the current heated real many spots into darkness. spaces.” estate market, however, develAmong the condos in the opers have been met with little works: One57 — 1,004-foot high, resistance. Today’s tall condos 90-story luxury hotel and condo tower, which currentare the result of developers’ purchasing air rights ly has two penthouses in contract for upwards of $90 from neighboring buildings, outdated zoning laws and million — and 111 West 57th Street, which, though only technological advancements that have made skinny 60 feet wide, is expected to rise to 1,350 feet, surpasstowers possible, according to the study. ing the height of the Empire State Building. However, the Municipal Art Society argues that any This batch of luxe, sky-high projects will dramaticonstruction project that could cause shadows on cally alter the light available to those enjoying an afpublic spaces should be subject to public review. “We ternoon in Central Park. At certain days and times, should be studying these impacts before the buildthe shadows will stretch far within the park, plunging ings are going up, not after, when it’s already too late,” many popular spots — such as the Central Park Zoo Cipolla told the Daily News. — Lisa Keys

Luxury Listings NYC | March/April 2014

NEIGHBORHOODS

MIDTOWN

Housing costs

Nabe news

Running down the numbers

Old folk home

Average January sales price Studio 1 bed 2 beds 3 beds > 3 beds

$630,000 $1,193,750 $2,468,750 N/A N/A

idtown’s Museum of Modern Art will raze the 13-year-old former home of the American Folk Art Museum on West 53rd Street to make space for a 100,500-squarefoot expansion project. This is despite the efforts by architects Diller Scofidio + Renfro to incorporate the bronze façade building into the renovation — in the end, they concluded the structure couldn’t be preserved without compromising its architectural integrity. A glass-front building, with flexible spaces for gallery and theater use, will be built in its place.

Average January rents Studio 1 bed 2 beds 3 beds > 3 beds

$3,288 $3,993 $7,081 $14,327 $29,656

Source: StreetEasy

Fast facts

Bright lights, the show always goes on and the single life 3,685 Size, in square feet, of the ABC “SuperSign” — an electronic billboard in Times Square known for its wavy LED ribbons

Strange happenings

Locals love Times Square

1930

Year in which the Lyceum Theatre — Broadway’s oldest continually operating theater — was built. The space is located at 149 West 45th Street.

Percentage of Midtown’s 18,992 residents who are single Sources: Central Park, Friends of the Upper East Side Historic Districts, Whitney Museum

Pricey digs

pparently Times Square is no longer just a place for starry-eyed tourists. Newly built luxury condos are drawing residents who are squeezed out of pricier neighborhoods: young professionals, singles or couples seeking a city home. New condos in the area ask between $1,500 and $1,700 per square foot — cheaper than in other city nabes.

What tens of millions buys you in Midtown PRICE $100 million ADDRESS 150 West 56th Street TYPE/SIZE Condo; six bedrooms, nine baths; 8,000 square feet

Celebrity watch

Live like a billionaire — for less

REACH FOR THE SKY This is the highest terraced residence in the nation, according to the listing.

PRICE $85 million ADDRESS 635 West 42nd Street TYPE/SIZE Condo; 10 bedrooms, 13 baths; 10,000 square feet VIEWS YOU CAN USE The double-exposure floor-to-ceiling windows give city and river views.

Source: StreetEasy

Billionaire hedge funder STEVE COHEN, the head of embattled SAC Capital, recently lowered the price of his One Beacon Court duplex penthouse. Located at 151 EAST 58TH STREET, the spread was previously listed for $115 MILLION; now it’s $98 MILLION. The 9,000-squarefoot home has six bedrooms and 6.5 bathrooms. Cohen bought it for $24 million in 2005.

March/April 2014 | Luxury Listings NYC

Photos 1–2 by Julian Voloj

1) Edwin Booth, the club’s founder. 2) Mark Twain’s card table. 3) Portraits adorn many of the walls. 4) The exterior of 16 Gramercy Park South.

MOST VALUABLE PLAYERS

A peek inside a members-only Gramercy Park institution

n a recent blustery, cold morning, some his era, renovated the building. two dozen people, young and old, asOur tour began in the lower-level bar, The Grill (“the sembled in a basement bar. holy of the holies,” said Glascock), with dark parquet This wasn’t the start of an illicit allfloors and rustic wood communal tables. Red walls day bender — we were seizing a rare opprovide the background for the dozens of portraits portunity to take a peek inside the Players, a private that make up the “Players Hall of Fame,” like Frank Gramercy Park club with well-known actors and busiSinatra and Jimmy Fallon. (Other Players, past and nesspeople among its members. The day’s event was present: Clark Gable, Angela Lansbury, Walt Disney, organized by Atlas Obscura, which aims “to get peoMorgan Freeman and Fiorello LaGuardia.) ple into places they may not normally get into, or know We weren’t able to view the second floor that day, about,” said co-founder Dylan Thuras. but the fourth floor is what most came to see: Edwin Visiting the Players is a little Booth’s private quarters, left vir“like going to your grandmothtually unchanged since the day er’s attic,” said our tour guide, of his death in 1893. The bed The Players was founded in member Scott Glascock. is where Booth died; his worn 1888 by the country’s most The Players was founded slippers lie on the floor and a in 1888 by the country’s most portrait of his infamous brother famous dramatic actor, famous dramatic actor, Edwin hangs on the wall. Edwin Booth. Booth — the older brother of LinThe Players’ colorful history coln-assassinator John Wilkes has been touched recently by Booth. (Edwin Booth later wrote debt. To raise funds, they sold the nation a moving letter of apology; a copy is on dissome John Singer Sargent paintings and, last year, the play at the club’s third-floor library.) president told DNAInfo that as “an end-of-the-world Back then, actors were considered “scallywags possibility” the Players would have to sell its building and roustabouts,” said Glascock. But Booth, returning (with an estimated value of more than $14 million). from London, was inspired by the Garrick Club, where Things are brighter now, Glascock insists. The theater folk mingled with writers, judges and nobility. club is looking to grow its membership; the buildBooth got together with some buddies — including’s façade reconstruction should be completed in ing Mark Twain and Stanford White — and created the the spring. “It’s a challenge, the Great Recession; it’s Players. He bought the townhome at 16 Gramercy a challenge to all clubs,” he said. “But we’re coming Park South for $75,000 and White, the starchitect of back.” — Lisa Keys

Luxury Listings NYC | March/April 2014

NEIGHBORHOODS Housing costs

Business

Running down the numbers

A new chapter

Average January sale prices Studio 1 bed 2 beds 3 beds > 3 beds

$570,000 $1,038,832 $2,270,625 $4,833,508 N/A

he Barnes & Noble college bookstore at 105 Fifth Avenue near 18th Street shuttered in January due to declining textbook sales — instead of heading to the shop to get their books, the city’s college students opted to buy them online. But retail on this stretch of Fifth Avenue is far from dead: The space will give way to a massive 28,000-square-foot Banana Republic clothing store.

Average January rents Studio 1 bed 2 beds 3 beds > 3 beds

GRAMERCY/FLATIRON

$2,862 $4,341 $7,657 $12,615 $23,000

Source: StreetEasy

Fast facts

New housing stock, no more Dewey’s and when Madison Square Park went public 16

Number of units inside the luxe 18 Gramercy Park condo. There are currently four homes here for sale; asking prices range from $9.5 million to $18.9 million.

Years in which Dewey’s Flatiron — a local watering hole at 210 Fifth Avenue — was in operation. It closed in January.

1847

Year in which Madison Square Park formally opened as a public park Sources: StreetEasy, DNAInfo, Madison Square Park Conservancy

Pricey digs

Gramercy’s most expensive rentals PRICE $34,000/month ADDRESS 57 Irving Place TYPE/SIZE Four bedrooms, three baths, one half bath; 2,872 square feet SPECIAL TREATMENT The master bath has a marble steam room, spa shower for two and heated floors.

Developments

A hidden gem hits the market

f you’re looking for rare real estate offerings, look no further: A carriage house on the secluded, 115-foot-long street named Sniffen Court recently hit the market for $7.3 million. Sales of any of the 10 singlefamily carriage houses that line this Murray Hill street are uncommon. The 3,080-square-foot home last traded hands for $4.1 million in 2007; it features a double-height living room and a roof terrace. Big deal

Come sale away with me

PRICE $25,000/month ADDRESS 50 Gramercy Park North TYPE/SIZE Three bedrooms, three baths, one half bath; 2,150 square feet VIP ACCESS The home comes with a coveted key to superexclusive Gramercy Park.

Source: StreetEasy

DAVID CHU, founder of clothing label Nautica, found a buyer for his 25 EAST 22ND STREET commercial townhouse. The property — gut renovated with a new façade and made two stories higher — was listed for $30 MILLION. The sale, in contract, has not yet cleared city public records, so a final sale price is not available. The townhouse is Nautica’s corporate headquarters, featuring office space, conference rooms and showrooms.

March/April 2014 | Luxury Listings NYC

2 1 3 1) People strolling on the High Line alongside 508 West 24th Street. 2) The bright cafe at Avenues. 3) A rendering of 21 West 20th Street, where units start at 1,300 square feet.

CHELSEA LATELY

Elite Avenues School sparks a spate of new, family-sized condos

evelopers are getting schooled. Since AvThat’s especially true since rumors are circulating enues — a private, for-profit school at 259 that the school — which currently has a line of limou10th Avenue — opened in 2012, brokers sines outside at the end of the day — will open a new said they’ve seen an uptick in demand high school facility. for three- and four-bedroom apartments “When you develop a project, you have to think from parents whose kids attend the school. about who the buyer’s going to be,” Tamarkin said. “When you have little ones, to throw them in the “Now it’s all geared towards families.” stroller, walk them to school and get to work is like a Apartments at another upcoming project by Gale dream,” said Mara Flash Blum, a broker at Sotheby’s International, at 21 West 20th Street, are also large, International Realty who recently toured the 1,600with units starting at 1,300 square feet. The project, seat school, which serves pre-K through ninth grade. which is under construction, has three units currently Real estate brokers are keen to form relationships for sale, ranging from $13.25 million to $35 million. with the school. Avenues even Other projects are in the planning hosted an event last year for stages. brokers looking to guide families The school has begun to tie “You have to think weighing education — and livtogether a neighborhood that about who the buyer’s ing — options in the city. is still somewhat fledgling, said Developers are banking on Tim Crowley of architecture and going to be.” Avenues, too. Cary Tamarkin’s development firm Flank. —Developer Cary Tamarkin 15-unit condo at 508 West 24th But West Chelsea has a ways Street, which is nearly sold out, to go before it can catch up to has only three-bedrooms. One was recently snapped other family-friendly neighborhoods, said Claudia up by a couple with a two-year-old, whom they want Saez-Fromm, a broker with Town Residential and one to send to Avenues in a few years, Tamarkin said. of the founding families of the Avenues School. She’ll be joining the likes of Suri Cruise, who reported“The infrastructure in Chelsea is really not there ly attends the school. (The building’s remaining units yet,” said Saez-Fromm, who lives in the neighborare priced between $4.15 million and $12.5 million.) hood. “There’s some things for kids to do but noWith Avenues’ tuition topping $40,000 a year, where near as much as in Tribeca. If I want to take my the parents can generally afford luxury pads, said daughter to the Dance Factory, I still have to go all the Flash Blum, adding that many are tr ying to way down to Tribeca.” — Katherine Clarke get in before prices shoot up in the neighborhood.

Luxury Listings NYC | March/April 2014

NEIGHBORHOODS Housing costs

Nabe news

Running down the numbers

A finer diner

Average January sales price Studio 1 bed 2 bed 3 bed > 3 beds

$821,123 $1,000,400 $2,752,804 $4,058,978 N/A

CHELSEA

Average January rents Studio 1 bed 2 beds 3 beds > 3 beds

$3,102 $3,902 $6,488 $10,062 $12,560

Source: StreetEasy

Fast facts

No kids, vicious crime and a record-breaking sale 91.3% Percentage of homes in Chelsea without kids

helsea’s iconic Empire Diner is back in business — this time under the leadership of Food Network personality Amanda Freitag. The beloved chef re-opened the retro diner at 210 Tenth Avenue in January; delectable menu items include matzoh ball marrow soup ($8) and trout almondine ($19). The resto is currently open for dinner only, though plans for 24-hour service are in the works. Developments

100

The Hotel Chelsea room in which Nancy Spungen, the main squeeze of punk rocker Sid Vicious, was stabbed and killed in 1978. Vicious was charged with her murder, released on bail, then died shortly after.

Art of living

$50.9 million

Sale price of Walker Tower’s Penthouse One, which set a record in January for the most expensive sale downtown Sources: Zillow, The Guardian, Wall Street Journal

Pricey digs

What $10,000 per month rents you in Chelsea PRICE $10,000/month ADDRESS 334 West 20th Street TYPE/SIZE 2 bedrooms, 2 baths; 1,800 square feet

lanned with Chelsea’s artsy scene in mind, the first units at Tavros Development’s eight-unit condo at 560 West 24th Street hit the market earlier this year. Designed for art collectors — with reinforced walls and gallery-style ceiling lights — the available units include an $18 million, fourbedroom penthouse that has nearly 4,600 square feet of indoor space, plus 1,040 square feet of terraces. Celebrity watch

There’s something about Chelsea

GET SHORTY The furnished duplex is available for three- to six-month leases.

PRICE $9,600/month ADDRESS 55 West 25th Street TYPE/SIZE 2 bedrooms, 2 baths, 1 half bath CLEAN SWEEP In-unit washer/dryer, plus lots of building amenities

CAMERON DIAZ is the latest bold-faced name to score a condo at Walker Tower. Her threebedroom, 3,022-square-foot pad at 212 WEST 18TH STREET is one of three that size in the building, priced from $9.25 MILLION to $9.65 MILLION. The actress can reportedly count Harrison Ford, Katie Holmes and Nicole Kidman among her neighbors.

Source: StreetEasy

March/April 2014 | Luxury Listings NYC

Photographed by Fred W. McDarrah, 1969

2 1 3 1) Demonstrators in front of The Stonewall Inn at 52 Christopher Street on June 28, 1969. 2) A vigil for marriage equality, held recently at the Stonewall. 3) Julius’, the country’s oldest gay bar.

PROTECT AND PRESERVE

Activists push to landmark key sites in gay-rights movement

reservationists want the city to landmark sure that it’s not lost, that it is recognized.” two legendary Greenwich Village spots Compounding the GVSHP’s worry about the propmade famous by the gay-rights movement, erties’ future is their outdated placement within the though the Landmarks Preservation Comhistoric district. The Landmarks Preservation Commission seems in little hurry to do so. mission’s report on the district, which detailed the The Stonewall Inn at 52 Christopher Street was the significance of each building, dates to 1969 — it was site of a riot on June 28, 1969, when patrons of the drafted two months before the Stonewall riots, and gay bar clashed with New York police officers who therefore does not mention the bar’s important place had come to raid it. The riot is generally considered in the gay-rights movement. the starting point of the gay-rights movement. The Having both bars individually landmarked, preserStonewall was also the site of celebrations in 2013, vationists say, would add a layer of protection. “We when the Supreme Court overdon’t really want to leave these turned the anti-gay Defense of things to chance,” Berman said. Marriage Act. The other spot To that end, he and local “It’s very, very easy for preservationists are pushing for state Sen. Brad Hoylman wrote this history to get lost to landmark status is Julius’ at 159 letters to Robert Tierney, chairWest 10th Street, the nation’s man of the Landmarks Preserthe sands of time.” oldest gay bar. vation Commission, asking for —Andrew Berman, Greenwich Village Both already fall within the the buildings to be landmarked, Society for Historic Preservation Greenwich Village Historic Disaccording to DNAInfo. The comtrict, meaning any significant mission has received the letter, changes have to be run by the landmarks commisand says it’s aware of the historic significance of the sion. But the Greenwich Village Society for Historic Stonewall and Julius’. In fact, the pair may get a symPreservation — a non-profit dedicated to preserving pathetic airing, though not necessarily a favorable the Village’s cultural and architectural heritage — says designation ruling. The landmarks commission has that protection is not enough. “They’re not getting the been studying how to protect culturally important explicit protections and recognition that they should properties of groups historically underrepresented be getting,” Andrew Berman, the GVSHP’s executive among the city’s designated landmarks, among them director, told DNAInfo. “It’s very, very easy for this histhose tied to the gay-rights movement. tory to get lost to the sands of time, and that’s one As of mid-February, however, the commission was of the purposes of landmark designations — to make still considering the request. — Tom Acitelli

Luxury Listings NYC | March/April 2014

NEIGHBORHOODS

GREENWICH VILLAGE

Housing costs

Business

Running down the numbers

New on Greenwich Avenue

Average January sales price Studio 1 bed 2 bed 3 bed > 3 beds

$576,000 $1,070,999 $2,961,500 N/A N/A

little more than one third of businesses on Greenwich Avenue between Sixth and Eighth avenues have opened in the past five years. Recently, Gray’s Papaya on Eighth Street at Greenwich and Sixth avenues shut down due to a $20,000 rent increase. A Liquiteria juice shop will open in its place. Partners & Crime Mystery Booksellers, which was at 44 Greenwich for nearly 20 years, gave way to a clothing retailer last January. But not all changes are total replacements: An employee at vintage shop Zachary’s Smile at 9 Greenwich Street took over the space last May to give it a new life under the Personnel lifestyle label.

Average January rents Studio 1 bed 2 beds 3 beds > 3 beds

$2,912 $3,968 $6,759 $9,928 $31,160

Source: StreetEasy

Fast facts

Pricey pads, a skinny home and a neighborhood tragedy $12 million Median list price for a townhouse in Greenwich Village

Developments

75½

Bedford Street address of New York City’s skinniest house, which is just under 10 feet wide

Number of Weather Underground members who were killed after a bomb at 18 West 11th Street accidentally detonated in March 1970. There were two survivors. Sources: Zillow, Today, The Real Deal

Pricey digs

Greenwich Village’s most expensive condos PRICE $50 million ADDRESS 66 East 11th Street TYPE/SIZE Four bedrooms, four baths, one half bath; 7,693 square feet

Sky-high for the greater good

eighborhood church St. Luke in the Fields aims to build a 15-story residential tower in order to fund several of its other projects: An expansion of the church’s private school and the construction of a building that will provide round-the-clock services to LGBT youth. The residence will be located at 100 Barrow Street, which is part of a block that the church owns. Housing here will be split “80/20,” meaning that 20 percent of the 46 homes here will be designated as affordable. The rest will go for market rate.

Celebrity watch

Ready for primetime purchase

HIT THE ROOF This duplex penthouse has a roof deck, with spaces reserved for gardens, a bar, spas and seating. PRICE $45 million ADDRESS 66 East 11th Street TYPE/SIZE Five bedrooms, six baths, two half baths; 10,701 square feet LUXE LIVING Not one, but two living spaces with 14-foot ceilings

Funny man and new “Late Night” host SETH MEYERS and his wife, Alexi Ashe, paid $3.5 MILLION for a condo home in the West Village. It’s located at 302 WEST 12TH STREET at Eighth Avenue. The home has two bedrooms, two bathrooms, a wood-burning fireplace and a renovated kitchen.

Source: StreetEasy

March/April 2014 | Luxury Listings NYC

1 3 2 1) Inside the new Ladurée at 398 West Broadway. 2) Foodies and fashionistas alike eagerly anticipated the opening. 3) A colorful stack of sweet, airy macarons.

LET THEM EAT MACARONS

Ladurée’s recent opening is sweet news for Soho

n surroundings reminiscent of pre-revolutionary buying them, right down to the tiny, ornate packaging, Versailles, legendary Parisian macaron proprietor that drew the Holder family’s business interest. It was Ladurée opened its second New York City location arguably the world’s first luxury pastry. on Feb. 4 at 398 West Broadway in Soho. Not acciAfter their early 1990s acquisition, the family set dentally, the opening fell toward the start of Fashabout expanding the brand through a thoroughly ion Week, and drew a decked-out crowd intent on not French concept: the café. They opened the first Laonly sampling the delicious French desserts — and durée café, on Paris’ Champs-Elysees, in 1997, quickwashing them down with Champagne — but on checkly drawing tourists and locals. They then took their ing out the bright décor of the full-service restaurant. pastries global: There are now 40 Ladurée outposts The front room is filled with the colorful pastries worldwide, including in Europe; in Japan and Singathemselves; the ceilings are painted, in the words of pore; in the Middle East, including Saudi Arabia and Racked New York, “with a seKuwait; and now in the Amerirene cloudscape” and the entire cas, with one in Brazil’s Sao place — it’s three parts — unfolds Paulo and two in Manhattan. The entire place — it’s like a French-style salon from The local outposts include the three parts — unfolds like the eighteenth century. The new Soho spot and one at 864 tables can accommodate a pair Madison Avenue, which opened a French-style salon from of gourmands as well as large in 2012. Another location is exthe eighteenth century. groups. There are gilded chanpected in Miami in the spring. deliers, romantic statuary and The Soho opening, however, a bank of floor-to-ceiling wingrabbed a sizable amount of dows looking out onto West Broadway. buzz. Perhaps it was the proximity to Fashion Week, Ladurée’s American operation is run by husbandor that the Raberins attended, or that it’s a flagship and-wife co-presidents Elisabeth Holder Raberin more spacious than the typical, retail-counter Laduand Pierre-Antoine Raberin — Ms. Raberin’s family rée. Maybe it was that it’s simply within the trendy took over the original Paris bakery from the original confines of one of Manhattan’s most coveted neighproprietors in 1993. The Holders had been Saturday borhoods. Whatever the reason, the arrival of the au morning regulars at the tiny Parisian bakery, accordcourant bakery was widely covered, above and being to Reuters, where macarons were legendarily yond the dailies and food blogs — the opening was born in the 19th century. It wasn’t so much the taste also featured in the likes of Vanity Fair, Harper’s Baor texture — sweet and light as air — but the ritual of zaar and Bon Appetit. — Tom Acitelli

Luxury Listings NYC | March/April 2014

UPPER EAST SIDE, NEW YORK CITY MINT 360 VIEWS | $2,295,000 | Web#9300333 Lisa A. Rose 212.381.3262

UPPER WEST SIDE, NEW YORK CITY

MODERN ELEGANCE | $1,575,000 | Web#9599436 Roberta Moser 212.381.2297

PERFECTION ON THE PARK | $7,500,000 | Web#9361169 Julie D. Smith 212.381.2218 | Elise Witkin 212.381.2226

FLATIRON, NEW YORK CITY CONDO IN THE SKY | $1,700,000 | Web#9567441 Elaine B. Tross 212.381.3322

GRAMERCY PARK, NEW YORK CITY

MIDTOWN EAST, NEW YORK CITY

WRAP TERRACE AND VIEWS | $3,700,000 | Web#8824493 Stephanie Dennett 212.381.6567

GLAMOUR, QUALITY, VIEWS, AND SPACE | $2,050,000 | Web#9558421 Elayne Reimer 212.381.3372

halstead.com Halstead Property, LLC We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin. All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Broker.

SOHO

NEIGHBORHOODS Housing costs

Nabe news

Running down the numbers

Strut your stuff

Average January sales price Studio 1 bed 2 bed 3 bed > 3 beds

N/A $775,000 $2,272,829 $6,174,000 N/A

Average January rents Studio 1 bed 2 beds 3 beds > 3 beds

N/A $4,164 $8,121 $18,980 N/A

Source: StreetEasy

Fast facts

Vital stats and Uggs at a fivefinger discount 11,301 Population of Soho

en’s and women’s clothing label DSquared2 inked a lease for its first U.S. store at 402 West Broadway at Spring Street. The label, run by Canadian twins Dean and Dan Caten, is worn by the likes of rapper 50 Cent and singer Michael Bublé. There’s no word yet on when the shop will open.

Size, in acres, of Soho

Business

Pairs of boots stolen from the Ugg Australia store at 79 Mercer Street during a recent break-in. The total value was $2,000. Sources: Zillow, Google, DNAinfo

Pricey digs

Soho’s most expensive homes PRICE $50 million ADDRESS 264 Spring Street TYPE/SIZE Condo; four bedrooms, five baths; 10,045 square feet LANDMARKS Views of the Statue of Liberty, the Empire State Building, One World Trade Center and the Brooklyn Bridge

Bag it up!

intage handbag and accessory e-tailer LXR & Co. — which had a successful holiday pop-up last year — opened up a permanent shop last month. The space, at 112 Wooster Street, features bags and accessories by labels such as Gucci, Céline, Chanel and Hermès (where there’s an entire wall, the Birkin Bar, devoted to the iconic bag).

Celebrity watch

Still “livin’ on a prayer”

PRICE $32 million ADDRESS 383 West Broadway TYPE/SIZE Co-op; four bedrooms, five baths, one half bath; 7,500 square feet DINE AL FRESCO The 4,200-square-foot roof terrace has an outdoor kitchen.

Source: StreetEasy

Luxury Listings NYC | March/April 2014

Rock star JON BON JOVI, who recently took his nearly $40 million Mercer Street penthouse off the market, was spotted checking out homes in Soho’s Puck Building. Located at 295 LAFAYETTE STREET, this eagerly awaited building will have six units, with lowest-priced apartment asking $21 MILLION. One home is already in contract for $27.5 million. Units here have barrel-vaulted ceilings and exposed brick.

PARK AVE PEntHOuSE DuPLEX WItH tERRACE

CLASSIC PREWAR HOME East 80s. Lovingly renovated Classic 6 into 5 with side-by-side living room and formal dining room, wbfp, large renovated kitchen and renovated bathrooms, and two large bedrooms. FS Co-op. $2.25M. WEB# 9546862. John Edwards 212-906-9252

UES. Co-Excl. Prewar palatial penthouse with 5BR, 5 full baths, 2 powder rms, living rm, library, formal dining rm, windowed eat-in kitchen, breakfast rm, sky rm, 2 wbfp, city and river views, huge terrace, brand-new renovation. $24.95M. WEB# 9161453. Cathy Franklin 212-906-9236 Alexis Bodenheimer 212-906-9230 SPECtACuLAR CAnDELA DuPLEX UES. Sun-filled prewar 11 into 10 rms in premier Co-op off 5th Ave, brand new renov, 4BR, 4.5 baths, living rm, formal dining rm, libr, wndwd eat-in kit, maid’s rm, wine cellar, CAC. $14.5M. WEB# 9224141. Cathy Franklin 212-906-9236 Alexis Bodenheimer 212-906-9230 EXCELLEnCE On tHE uES UES. Rare combo with 5BR, 4 full and 2 half baths, North, South, East, and West views, chef’s eat-in kitchen, 4 balconies, dark cherrywood floors, laundry room and custom built-ins. $10M. WEB# 9205846. Penny Toepfer 212-906-9250 Nicole M. Newlin 212-452-6206 180 EASt 79tH StREEt East 79th Street. An enormously appealing prewar penthouse in a fine Co-op. Large foyer, living room with wood burning fireplace, formal dining room/library, 2BR, 2.5 baths, kitchen. TWAC. 11-foot ceilings. Wrap planting terrace. $4.25M. WEB# 9419766. Mary A. Hall 212-396-5859 Caroline E. Y. Guthrie 212 396-5858

Andrew J. Kramer

Cherie Butler

Gordon R. Stanton

uRBAn ALCHEMY Midtown West. Largest, highest

PALAtIAL CEntRAL PARK DuPLEX CPW. Grand 12 room into 9 with all major rooms on the Park. 4BR plus staff room, 5.5 baths. Finest renovation with solid oak floors, chef’s kitchen, CAC. FS Co-op with gym. $16.999M. WEB# 9252480. Penny Toepfer 212-906-9250 Lisa Lippman 212-588-5606

apartment available at 15 CPW. 75 feet facing Central Park,. 6BR, 6,000SF +/-, private elevator landing. $65M. WEB# 9305458. Paula Del Nunzio 212-906-9207 tOWnHOuSE On CEntRAL PARK CPW. Co-Excl. Rare 22+ foot wide 6-story elevator townhouse facing Central Park. Approximately 10,745SF living space includes 60-foot pool, 62-foot ceilings in atrium, theatre and garden. $29.95M. WEB# 9622249. David Kornmeier 212-588-5642 BOutIQuE COnDO ELEGAnCE CPS. 7 full floor private homes overlooking Central Park. Gorgeous finishes, amazing park views, smart home tech, best location. Fullservice. $6.7M-$26.5M. File No. CD 13-0111. $6.7M. WEB# 9290311. Lisa Lippman 212-588-5606 Scott Moore 212-588-5608 MAGnIFICEnt 7 ROOM DuPLEX West 67th Street. 1st offering. Grand living room, baronial proportions: Soaring 18-foot ceilings, stunning detail, massive window. Truly rare scale and charm. Historic 1905 building on landmark block. $4.85M. WEB# 9616169. Arabella Greene Buckworth 212-588-5614

nOLItA 2BR PEntHOuSE WItH LARGE tERRACE

VILLAGE CHIC Downtown. Great designer renov of large alcove studio in full service prewar Co-op at Bank and Bleecker. 2 windows on Bank, lux windowed kitchen, bath. Light, views, style. $749K. WEB# 9664553. Mike Lubin 212-317-3672

Lafayette Street. Perched on the 12th floor, this 2,057SF 2BR, 2.5 bath condo has 2,010SF private outdoor space, 12foot ceilings and gas fireplace. Open North, East, and West exposures. Full-service building. $5.75M. WEB# 3884919. Kyle Blackmon 212-588-5648 SOHO LIVInG GRAnD COnDO LOFt SoHo. Soaring ceiling, arched windows, east exposures. Wood burning fireplace, 2,100SF with 2 large bedrooms and 2.5 marble baths. Condo/full-service. Pet friendly. $4.1M. WEB# 9306640. Silvana Mander 212-317-7706 SOHO tHREE BEDROOM SoHo. This 3BR, 3 bath home features 10-foot ceilings, approximately 1,810SF and private outdoor space. Urban Glass House is a full-service building. Separate storage unit included. $3.62M. WEB# 9341779. Julia Hoagland 212-906-9262 tROPHY tRIBECA tRIPLEX TriBeCa. Dramatic 3,861SF triplex condo with 18-foot ceilings, double height windows spanning 60 feet overlooking 900SF private outdoor. All in a prime Tribeca location. $3.5M. WEB# 9535970. Andrew J. Kramer 212-317-3634

Harvey Messing

Jeannette Bernstein

Jeffrey Zoldan

John A. Sheets

Lawrence Sicular

Marcia Meyers

Marilyn Corradini

tHE WORLD At YOuR FEEt Brooklyn Heights.

Perched high above brownstone Brooklyn in a prewar elevator building. Loft-like 2BR, 2 bath architect designed space. High-end finishes, wonderful views. One of a kind. $1.375M. WEB# 9249396. Nancy Giddins 718-858-3914 EnCHAntInG 3BR GARDEn DuPLEX Carroll Gardens. Heart of Carroll Gardens, Maintenance: $542. Renovated kitchen, 1.5 bath, washer/dryer in unit, hardwood floors, second private entrance, lots of storage, east south private garden oasis. $1.155M. WEB# 9014251. Micha Hendel 718-858-2081

Mark Powell

CORnER FuLL-SERVICE DOORMAn BLDG HEIGHt 1BR

PARK SLOPE tOWnHOuSE Park Slope. Gorgeous 3-family brownstone. All original detail. Duplex +2 high income apts. Beaut garden, original woodwork, fretwork, ceiling medallions. Excellent condition. Prime loc. Delivered vacant. $3.25M. WEB# 3919406. Brian Lehner 718-858-5423 Carol Brennan 212-906-0519

Brooklyn Heights. Nice foyer, windowed renovated kitchen, living room with dining area, huge bedroom, all white tiled bathroom. Utilities included. Pets and pieds-aterre ok. Cork floors, prime block. $525K. WEB# 9290762. Phyllis Norton-Towers 718-858-5739 unDERStAtED AnD CAREFREE Park Slope. Attractively renovated 1BR in Prime Park Slope. Generous living/dining room, 18-foot bedroom and all new kitchen. Desired Art Deco full-service building with 2 common gardens. $485K. WEB# 9484183. Annie Rose 718-399-4137

Patricia Cannon

Richard n. Rothbloom

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. All rights to content, photographs and graphics reserved to Broker. Equal Housing Opportunity Broker.

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TOWN Residential LLC is partnership of Buttonwood Residential Brokerage, LLC and Thor Equities, LLC. No representation is made as to the accuracy of any description. This is not intended to solicit property already listed. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. TOWN Residential LLC is a licensed real estate broker, proud member of REBNY, abides by federal and state equal housing opportunity laws and owns the following subsidiary licensed real estate brokers: Town Astor Place LLC; Town Fifth Avenue LLC; Town Flatiron LLC; Town Gramercy Park LLC (“Town Gramercy”); Town Greenwich Street LLC (“Town Financial District”); Town Greenwich Village LLC; Town Soho LLC; Town West Village LLC; and Town 79th Street LLC (“Town Upper East Side”).

The Wetlands Preserve closed in 2001; its iconic VW bus can now be seen at the Rock and Roll Hall of Fame.

WETLANDS AND WILD

Famed Tribeca rock club sows the seeds of Brooklyn Bowl

rooklyn’s a global brand now, so perhaps The Wetlands Preserve opened in 1989 in a forit’s not surprising that nightlife jackmer warehouse; its first proprietor, Larry Bloch, had of-all-trades Brooklyn Bowl has gone no prior experience in the music industry. Shapiro global, too. The hip Williamsburg concert bought the venue from Bloch in 1997, when he was venue and bowling alley — with food from just 23 years old. “The irony is that Larry told the stoBlue Ribbon, a serious step up from typical alley ry that he picked the corner where no one would ever fare — opened an outpost in London in January, and want to live — at the exit of the Holland Tunnel,” Shais scheduled to open 75,000-square-foot venue in piro told the Commercial Observer. (Bloch passed Vegas this month. away in 2012.) But before there was Brooklyn Bowl, one of the Times change, of course, and gentrification came club’s owners, Peter Shapiro, owned and operated a to the nabe — slowly, with the 1980 opening of the much-loved Tribeca rock club, Odeon, Keith McNally’s iconic the Wetlands Preserve. The venrestaurant — before rapidly acIn its heyday, the Wetlands ue, at 161 Hudson Street, would celerating in the aughts, transhave been 25 in February , had it forming Tribeca into the wellwas a sort of clubhouse not closed in 2001, a casualty of heeled, loft-living, family-friendly for the nascent jam band Tribeca’s ascent to the pinnacle scene it is today. of Manhattan’s real estate scene. After the club closed, 161 scene in the 1990s. In its heyday, the Wetlands Hudson became luxury condos; was a sort of clubhouse for the residents have included Jon nascent jam band scene in the 1990s, featuring top Stewart and Mike Piazza. According to Street Easy, a acts like Phish and Blues Traveler. Other bands that 1,499-square-foot one-bedroom sold for $1.5 million played the club include Pearl Jam, Oasis and the Spin last fall. Doctors; from 1999, the club was home to Black Lily, a “The neighborhood changed, and the scene female-centric open mic, with music from The Roots. changed, and it just wasn’t a good match for kids But Wetlands wasn’t just about the music; it also leaving a show,” Shapiro told the Observer. nurtured an environmental and social justice activStill, thanks, in part, to the super-fun but low-key ism group. Today, the Wetlands Activism Center envibe of Brooklyn Bowl, the spirit of the Wetlands lives dures as a volunteer organization that “continues to on. “Brooklyn Bowl is not the Wetlands,” Shapiro said. campaign for earth, human and animal liberation,” “But it was birthed by Wetlands.” — Lisa Keys according to its website.

Luxury Listings NYC | March/April 2014

NEIGHBORHOODS

TRIBECA

Housing costs

Nabe news

Running down the numbers

Not gentrification, it’s luxurification

Average January sales price Studio 1 bed 2 beds 3 beds > 3 beds

Average January rents

$771,324 $1,158,058 $2,311,696 $3,719,335 $10,000,000

Studio 1 bed 2 beds 3 beds > 3 beds

ormerly an industrial area, East Tribeca — or east of West Broadway — is now becoming a luxury real estate hotspot. High-profile projects, such as 93 Worth Street, 57 Reade Street and 56 Leonard, are planned for this pocket. The area is also home to the Franklin Place building, whose penthouse recently sold for $10 million — or nearly $3,000 per square foot.

$4,464 $4,657 $8,159 $13,273 $14,325

Source: StreetEasy

Fast facts

57 Reade Street

Mussel up, the newest housewife and the student body $27

93 Worth Street

Price of the Wednesday all-you-can-eat mussels — plus one beer — deal at Le Petite Abeille, located at 134 West Broadway

Developments

Age of the newest cast member of “Real Housewives of New York,” Tribeca resident Kristen Taekman. She’s married to Eboost natural energy drinks’ co-founder Josh Taekman.

3,288

Total enrollment at Stuyvesant High School, located at 345 Chambers Street Sources: Le Petite Abeille, Tribeca Citizen, U.S. News and World Report

Pricey digs

Tribeca’s most expensive rentals PRICE $47,500/month ADDRESS 39-41 North Moore Street

Seven up

ith the blessing of the city Landmarks Preservation Commission, a seven-story condo project will proceed at 6 Cortlandt Alley in the Tribeca East Historic District. The building will have five full-floor homes with choices of three or four bedrooms. No word yet on pricing.

Celebrity watch

Touchdown for Strahan

TYPE/SIZE Penthouse; four bedrooms, three baths, one half bath; 4,600 square feet FIT FOR A KING The master suite is an entire floor.

PRICE $30,000/month ADDRESS 71 Murray Street TYPE/SIZE Two bedrooms, three baths; 4,002 square feet LET THERE BE LIGHT The home has approximately 50 feet of south-facing floor-toceiling windows. Source: StreetEasy

Former NFL defensive end and current talk show co-host MICHAEL STRAHAN sold his 1,911-square-foot Tribeca pied-a-terre for $2.3 MILLION. The pad has 18-foot-ceilings, exposed white-washed brick, two bedrooms and two bathrooms. Strahan had planned to renovate the space, but the goal never materialized. He bought the home in 2008 for $1.66 million; the current buyer is under wraps.

March/April 2014 | Luxury Listings NYC

Renderings of a proposed waterfront park at Pier 42.

LET THE CIRCLE BE UNBROKEN

Pier 42 will be final link in ring of waterfront parks Downtown

he final link in the ring of parks encirNielsen’s plan is also meant to be flood resistant cling Lower Manhattan took a major and environmentally friendly. According to a press step forward recently. A subcommittee release from the firm: “The design goal is to provide of the local community board signed protection from future floods to institutions, critical off on the plan by Mathews Nielsen utilities and housing along one of the city’s densest Landscape Architects in January to transform eight and most vulnerable corridors.” How? Through what acres of land between Montgomery and Jackson the landscape architects call “a continuous berm” streets on the Lower East Side, known as Pier 42, along the FDR Drive. The barrier is designed to not into parkland. only guard the area’s streets against flooding, but The project, which will total $94 million, will bridge hopefully absorb a lot of the noise from the neighthe gap between the East River Promenade and East boring highway. River Park (including providing continuity along Pier 42’s storm water, too, would be caught by the bikeway in the area). The bioswales and cleansed before plan — which aims to increase being released into the East public access to the waterRiver. Such an extra environThe $94 million project will front — includes a playground, mental touch is aimed at rebridge the gap between the waterfront marshes, a green storing the ecosystem between space for riverfront lounging as the Brooklyn Bridge and East East River Promenade and well as a potential docking sta38th Street, according to the East River Park. tion for kayaks and small boats. firm. The ideal hoped-for end There will also be an “educaresult: a return of native watertional estuarine park.” fowl and marine life. (But the Perhaps most notably for local residents, the designers aren’t just leaving this to chance: Part of plan also involves the removal of the large, imposing the park’s design includes selectively cutting away shed along the waterfront — save two structural bays, parts of the pier in order to establish a protected which will be reimagined as an “open-air pavilion” habitat for oysters.) housing a concession stand and a shaded plaza for Pending full community board approval, Phase sweltering summer days. 1 of the plan, which will cost $12 million, is expectIt’s not all bucolic aesthetics, however. Perhaps ed to be completed by 2016, according to Curbed. with 2012’s Superstorm Sandy in mind, Mathews — Tom Acitelli

Luxury Listings NYC | March/April 2014

POWDER DAY, ALL DAY? REALLY. With membership in The Hermitage Club at Haystack Mountain in Southern Vermont you’ll experience skiing unlike any other on the East Coast. From our empty lift lines and fresh snow to our safe, family-friendly environment, the conditions are always just right for passionate skiers. In fact, you’ll fall in love with skiing all over again. And you’ll benefit from full access to four seasons of private mountain activities, including our 18-hole golf course. Come meet our mountain and make it your own.

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LES/EAST VILLAGE

NEIGHBORHOODS

Housing costs

Strange happenings

Running down the numbers

Bitcoin bonanza

Average January sales price Studio 1 bed 2 bed 3 bed > 3 beds

$412,083 $685,125 $1,525,000 N/A N/A

uying into the bitcoin buzz? Keep your eye out for an ATM that may be coming to bubble tea shop Just Sweet, located on 12th Street and Third Avenue. The $5,000 gadget may look like a regular deli ATM, but functions more like a vending machine: By putting in dollars, you receive bitcoins on your phone.

Average January rents Studio 1 bed 2 beds 3 beds > 3 beds

$2,457 $3,037 $3,865 $5,085 $7,949

Source: StreetEasy

Fast facts

Lowest price, overpopulation history and no “gratitude” to Beastie Boys $279,000

Cheapest apartment on the market in the East Village

Shopping

Priced out of Brooklyn

240,000

andate of Heaven — a clothing shop selling “one-of-a-kind designs” that spent nine years moving around Bushwick and Williamsburg — has moved to the Lower East Side, in search of cheaper rent. The new shop is located at 17 Essex Street, inside a former Buddhist temple.

Number of people crammed into one square mile on the Lower East Side in the late 19th century

Votes by Community Board 3 against naming a Lower East Side corner after hip-hop pioneers the Beastie Boys. One board member was in favor; another abstained. Sources: StreetEasy, WNET, DNAInfo

Pricey digs

The Lower East Side’s most expensive homes PRICE $7.3 million ADDRESS 526 East 5th Street TYPE/SIZE Townhouse; five bedrooms, four baths, two half baths; 5,200 square feet

Celebrity watch

The good life

ROOM TO GROW The home can accommodate two additional bedrooms.

PRICE $4.3 million ADDRESS 115 Allen Street TYPE/SIZE Condo; four bedrooms, two baths; 2,610 square feet WEATHER UP This penthouse has its own roof deck with a Jacuzzi.

Source: StreetEasy

Luxury Listings NYC | March/April 2014

Tony Award-winning actor ALAN CUMMING shelled out nearly $5 MILLION for an East Village townhouse at 404 EAST 9TH STREET. There are seven bedrooms, four bathrooms, a garden and a roof deck.

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Rendering of the redeveloped Pier 17.

SWINGING SEAPORT

The nabe makes a comeback with a bevy of new buildings

lot of new real estate is coming to South downtown rock scene: Basquiat, Blondie, CBGB — that Street Seaport: condos and apartments, kind of downtown scene,” according to the New York fresh space for stores and restaurants, Post. “Make it look back to New York 20, 30 years ago.” even a new public school and a masThe building will include a “funky” — Aaron’s adsive new complex for Pier 17. “There’s jective — residents’ club as well as 6,000 square feet not much actively there,” one developer told the New of retail. The apartments upstairs, where the rents York Post in January, “but there will be.” have yet to be set, will range from studios to twoWhen the new developments arrive, the area will bedrooms. undoubtedly be contrasted with its former, SuperAlso new: a 712-student school for kindergarten storm Sandy-ravaged self from late 2012 and early through fifth grade, opening in fall 2015 in the neigh2013. Then, the streets were flooded, storefronts were borhood’s old post office. abandoned and the prospect of Finally, there’s the biggest a Seaport turnaround was beSeaport newcomer of them all: ing measured in years — not the The Howard Hughes CorporaFresh space for stores months that it turned out to be. tion’s redevelopment of Pier and restaurants, new Take the Walton, a 26-unit 17, which includes a 50-story condo at 264 Water Street that commercial tower and marina schools and a massive new opened for sales right after as well as dining and retail accomplex for Pier 17. Thanksgiving 2013. It began life coutrements such as a dine-in as a rental before Sandy — and movie theater. That’s right: a was fully operational again dine-in movie theater. Theater barely five weeks after the storm. It was then that a chain iPic plans to open a 505-seat, eight-auditorium group of tenants in the building went ahead and purmovie hall with food-and-drink service. chased it, and turned it into a condo. The lofts in the The theater is set to open in mid-2015, amid all Walton start at $875,000 for an 1,114-square-foot unit the additions to the Seaport. The commercial tower, and run to $1.995 million for a 1,408-square-footer. which may also have a hotel, may spell the end of Nearby, 56 Fulton Street, a 120-unit rental, is hopthe building that held the Fulton Street Fish Market, ing to turn the Seaport’s maritime aesthetic on its which moved to the Bronx in 2005. — Tom Acitelli head a bit when it opens in early 2016. Scott Aaron, principal at Socius Development Group, told interior designer Andres Escobar he wanted “a ‘70s, ‘80s

Luxury Listings NYC | March/April 2014

New Development Showcase THURSDAY, MAY 15, 2014 11AM–6PM

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FINANCIAL DISTRICT

NEIGHBORHOODS

Housing costs

Strange spaces

Running down the numbers

Want to sleep in a waterbed?

Average January sales price Studio 1 bed 2 beds 3 beds > 3 beds

$747,705 $950,159 $1,493,193 $1,720,000 N/A

Average January rents Studio 1 bed 2 beds 3 beds > 3 beds

$2,832 $3,739 $5,213 $7,614 $17,700

Source: StreetEasy

Fast facts

Measuring up the nabe, in height and age 4 Number of levels at the new Urban Outfitters location at 180 Broadway

Median age of the Financial District’s 28,942 residents

here’s a bid floating to convert the South Street Seaport Museum’s docked ships into hotels — yes, floating hotels. Though just an idea tossed around at a January town hall meeting at Pace University, the move would help provide funding to the museum, which is short on cash. However, museum president Jonathan Boulware said the museum is dedicated to preserving these ships, and that this hotel plan might not work out.

Developments

If you build it, they will come

here’s a site up for grabs at 45 Broad Street, located between Exchange Place and Beaver Street, which can be built into a residential tower or a hotel. It can also be large: up to 265,000 square feet. “There is no height restriction in the area,” one of the site’s brokers told the New York Post. This site was originally slated to grow a 62-story hotel and condo building called Nobu Hotel and Residences — a plan that actor Robert De Niro was part of — but never fully materialized.

Number of stories at the New York by Gehry residential tower at 8 Spruce Street Sources: Racked, Zillow, StreetEasy

Pricey digs

The Financial District’s most expensive rentals PRICE $27,900/month ADDRESS 114 Liberty Street TYPE/SIZE Five beds, four baths, one half bath; 5,400 square feet REEL COOL Home has a movie theater with a hi-def screen and two levels of seating with reclining leather seats.

Business

Spanish chic

PRICE $20,000/month ADDRESS 15 William Street TYPE/SIZE Three beds, three baths; 2,000 square feet SUPER-LUXE SPRAY Each bathroom comes with a stand-up rain shower.

Source: StreetEasy

Luxury Listings NYC | March/April 2014

ore retail is headed to the ‘hood: Superpopular Spanish clothing chain Zara signed a lease for a three-level store at 222 Broadway, across from the Fulton Transit Center. The store will open late this year or early next.

NYC’s

LISTINGS

Premier

Properties

123 Washington Street, 42E in the Financial District

$1,515,000

214 East 9th Street , 4C in the East Village

$1,550,000

Condo (704 sf): 2 rooms, 1 bed, 1 bath | Amenities: Lounge, Sauna, Rooftop Deck Common Charges: $1,035 | RE Taxes: $234

Condo (1,100 sf): 3 rooms, 1 bed, 1 bath | Amenities: Penthouse, Private Roof Common Charges: $697 | RE Taxes: $926

The W New York Downtown Hotel & Residences is the first globally branded luxury hotel and residences of its scale in downtown New York. Listed at W Sales Center, 212-385-1100, info@123washingtonst.com.

Rarely available penthouse triplex in a great East Village location. Listed at Bond New York by Sergio Ayo, 917-678-4164, sayo@bondnewyork.com.

254 Park Avenue South, 5-NO in Flatiron

$1,600,000

247 West 46th Street, 1702 in Midtown

$1,600,000

Condo (943 sf): 3 rooms, 1 bed, 2 baths | Amenities: Wood Floors, Courtyard Common Charges: $820 | RE Taxes: $1,291

Condo (995 sf): 3 rooms, 1 bed, 1.5 bath | Amenities: High Ceilings, Spa Services Common Charges: $1,017 | RE Taxes: $726

A most desirable condominium located in the heart of the Flatiron district. Listed at Halstead by Kathi Jacob, 212-381-6592, kjacob@halstead.com.

Gorgeous condo at the Platinum, one of New York’s most luxurious buildings, offering five star amenities. Listed at Sotheby’s by Donatella Almeida, 212-606-7638, donna.almeida@sothebyshomes.com.

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March/April 2014 | Luxury Listings NYC

NYCâ&#x20AC;&#x2122;s

LISTINGS

Premier

Properties

515 East 72nd Street, 30E on the Upper East Side

$1,575,000

305 East 51st Street, 10D in Turtle Bay

$1,635,000

Condo: 4 rooms, 2 beds, 2 baths | Amenities: Garden, Playroom, Sauna Common Charges: $1,100

Condo (953 sf): 2 rooms, 1 bed, 1 bath | Amenities: Playroom, Courtyard, Lounge Common Charges: $991 | RE Taxes: $782

Available for resale for the first time, this highly desirable split two bedroom unit with large south-facing balcony offers incredible light and views. Listed at Halstead by Bruce Silverman, 212-317-7873, bhsilverman@halstead.com.

A spectacular high-floor corner apartment facing north and west. Listed by the Corcoran Group, 212-369-5100, info@corcoran.com.

303 East 57th Street, 44A in Sutton Place

$1,600,000

Co-op (1,800 sf): 5 rooms, 2 beds, 2 baths | Amenities: Valet, Spa Services | Maintenance: $5,922 A luxurious co-op apartment with stunning river and city views to the east and south. The apartment offers elegance, prestige, comfort, convenient access to Midtown and fabulous amenities. It has an enormous living room, an eat-in kitchen, lots of closets (including a huge walk-in closet) and unbelievable storage space. Listed at Douglas Elliman by Dean Heitler, 212-891-7287, dheitler@elliman.com.

Luxury Listings NYC | March/April 2014

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NYCâ&#x20AC;&#x2122;s

LISTINGS

Premier

Properties

32 West 82nd Street, 4A on the Upper West Side

$1,500,000

400 West End Avenue, 3C on the Upper West Side

$1,550,000

Co-op (1,200 sf): 4.5 rooms, 2 beds, 2 baths | Amenities: Bike Room, Pets Allowed Maintenance: $2,296

Co-op (9,799 sf): 4 rooms, 2 bed, 2 baths | Amenities: Playroom, Full Time Doorman Maintenance: $2,075

A spacious and bright home with prewar details, arched entryway, hardwood floors and high beamed ceilings, located on a beautiful Park block. Listed at Corcoran by Gabriel Bedoya, 212-893-1734, gbb@corcoran.com.

This prewar, south-facing residence features a grand living room with decorative fireplace, high beamed ceilings and beautiful hardwood floors. Listed at Corcoran by Barbara Schwartz, 212-848-0462, ebs@corcoran.com.

247 West 46th Street, 1202 in Midtown

$1,515,000

240 Park Avenue South, 14D in Gramercy

$1,575,000

Condo (999 sf): 3.5 rooms, 1 bed, 1.5 bath | Amenities: Courtyard, Spa Services Common Charges: $1,015 | RE Taxes: $369

Condo (805 sf): 3 rooms, 1 bed, 1 bath | Amenities: Courtyard, Lounge, Sauna Common Charges: $1,000 | RE Taxes: $300

If light, luxury, space and exceptional tenants are driving your investment property search, you owe it to yourself to visit this new-to-the-market, rarely available home. Listed at Halstead Property by Mindy Diane Feldman, 212-317-7887, mfeldman@halstead.com.

This bright high-floor unit boasts southern exposures, 10-foot ceilings, oversized windows and an unparalleled downtown location for convenience and entertainment. Listed at Douglas Elliman by Michael Graves, 212-572-3107, mgraves@elliman.com.

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March/April 2014 | Luxury Listings NYC

NYCâ&#x20AC;&#x2122;s

LISTINGS

Premier

Properties

404 East 76th Street, 25C on the Upper East Side

$1,645,000

201 East 62nd Street, 14C on the Upper East Side

$1,675,000

Condo (1,119 sf): 4 rooms, 2 beds, 2 baths | Amenities: Garden, Valet, Sauna Common Charges: $1,360 | RE Taxes: $1,915

Co-op (1,550 sf): 4.5 rooms, 2 beds, 2.5 baths | Amenities: Garage, Pets Allowed Maintenance: $2,802

This meticulously renovated, sun-filled home has two split bedrooms. There are only three residences on this floor. Listed at Corcoran Group by Michael Spodek, 212-323-3232, mspodek@corcoran.com.

Price Adjustment! Completely renovated. Enter into a huge foyer with large powder room and several closets. Listed at the Corcoran Group by Ellen Freeman, 212-848-0459, eff@corcoran.com.

200 West End Avenue, 12L on the Upper West Side

$1,680,000

Condo (992 sf): 3 rooms, 1 bed, 1.5 bath | Amenities: Garage, Lounge, Rooftop Deck | Common Charges: $956 | RE Taxes: $505 This very quiet, east facing unit offers vast open city views just above the treeline. It features designer lighting, custom curtains, rich Brazilian hardwood floors, oversized windows, an open kitchen with Viking appliances, granite countertops and custom wood cabinetry. The generous layout features a large living room and dining area. The large bedroom comes with a walk-in closet and an en-suite bathroom with a soaking tub, an enclosed stall shower and a vanity with two sinks finished in marble. Listed at Douglas Elliman by Theresa Thompson, 646-505-5695, theresa.thompson@elliman.com.

Luxury Listings NYC | March/April 2014

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NYCâ&#x20AC;&#x2122;s

LISTINGS

Premier

Properties

220 Riverside Boulevard, 12D on the Upper West Side

$1,800,000

Condo (1,052 sf): 2 room, 1 bed, 1.5 bath | Amenities: Courtyard, Valet, Pool | Common Charges: $1,007 | RE Taxes: $901 Spacious apartment offering a large dining area with corner city views. Located in one of the cityâ&#x20AC;&#x2122;s most prestigious condominiums, offering a health club, garage and an array of amenities. Listed at Douglas Elliman by Tamir Shadian, 212-350-2873, tshadian@elliman.com.

339 East 58th Street, PHAB in Sutton Place

$1,800,000

Co-op (1,200 sf): 4 rooms, 2 beds, 2 baths | Amenities: Courtyard, Garden | Maintenance: $3,510 This penthouse has beautifully proportioned living and dining rooms, plus an office space, all with striking views of the Manhattan cityscape. Includes a private 1,308 square foot landscaped terrace that wraps around the entire length of the apartment. Listed at Douglas Elliman by Diane Johnson, 212-418-2075, djohnson@elliman.com.

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March/April 2014 | Luxury Listings NYC

NYCâ&#x20AC;&#x2122;s

LISTINGS

Premier

Properties

106 Central Park South, 8I in Midtown

50 Riverside Boulevard, 11H on the Upper West Side

$2,540,000

Condo: 4.5 rooms, 2 beds, 2.5 baths | Amenities: Garage, Valet, Laundry Room RE Taxes: $967 | Common Charges: $1,770

Condo (1,549 sf): 4 rooms, 2 beds, 2.5 baths | Amenities: Fitness Facility, Lounge Common Charges: $1,720 | RE Taxes: $95

Donâ&#x20AC;&#x2122;t miss this excellent corner apartment with sunny south and east exposures, a corner living room, two split bedrooms and washer/dryer. Listed at Keller Williams by Rana Williams, 646-737-9671, rwilliams@kwnyc.com.

This residence with study features wonderful eastern exposures and warm, modern interiors by Shamir Shah Design. Listed by One Riverside Sales Center, 212-663-7873, info@oneriversidepark.com.

781 Fifth Avenue, 1111 on the Upper East Side

$2,500,000

$2,900,000

322 West 57th Street, 50F in Midtown

$2,900,000

Co-op: 3 rooms, 1 beds, 2 baths | Amenities: Hotel Style Service, Fitness Room Maintenance: $6,738

Condo (1,300 sf): 4 rooms, 2 beds, 2 baths | Amenities: Garage, Lounge, Sauna Common Charges: $1,084 | RE Taxes: $1,673

Wonderful opportunity to own an elegantly appointed and spacious one bedroom in the legendary Sherry Netherland. Listed at Stribling & Associates by Marcy Grau, 212-452-4361, mgrau@stribling.com.

Sparkling Hudson River views from every room in this home in The Sheffield. Listed at City Connections Realty by Mike Malul, 212-627-7800, mikem@ccrny.com.

Luxury Listings NYC | March/April 2014

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NYCâ&#x20AC;&#x2122;s

LISTINGS

Premier

Properties

450 West 17th Street, 2108 in Chelsea

$4,000,000

128 East 7th Street, PH in East Village

$4,000,000

Condo (1,408 sf): 4 rooms, 2 beds, 2 baths | Amenities: Valet, Spa Services RE Taxes: $351 | Common Charges: $1,527

Condo (1,714 sf): 4 rooms, 2 beds, 2 baths | Amenities: Common Storage, Pets Allowed | Common Charges: $1,249 | RE Taxes: $1,616

This sleek corner apartment at The Caledonia Condominium provides views of the cityscape and the Hudson River from all rooms. Listed at Corcoran by Meghan Kelly Gefaell, 212-937-7012, meghan.gefaell@corcoran.com.

This penthouse, with spectacular views as well as an unforgettable roof terrace, is the ultimate in luxury living. Listed at Halstead by Warner Lewis, 212-381-6590, wlewis@halstead.com.

23 East 74th Street, 3B/4B on the Upper East Side

$5,000,000

131 West 24th Street, 5-6 in Chelsea

$5,000,000

Co-op (3,754 sf): 13 rooms, 5 beds, 6 baths | Amenities: Rooftop Deck, Pre-war Maintenance: $7,726

Co-op (4,200 sf): 12 rooms, 5 beds, 3 baths | Amenities: Pets Allowed, Pre-war Maintenance: $1,300

Located in The Volney Residences, on one of the premier streets on the Upper East Side, one-half block from Central Park. Listed at Town Residential by Judy Kendall Levine, 646-300-6056, jklevine@townrealestate.com.

Magnificent duplex loft now available in Chelsea. The homeâ&#x20AC;&#x2122;s flexible layout is currently configured with five bedrooms and three full bathrooms. Listed at CORE by Patrick Lilly, 212-612-9681, patricklillyteam@corenyc.com.

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March/April 2014 | Luxury Listings NYC

NYC’s

LISTINGS

Premier

Properties

$6,000,000

15 West 24th Street, PH in the Flatiron District Co-op (4,150 sf): 8 rooms, 4 beds, 3 baths | Amenities: Pre-war, Pets Allowed | Maintenance: $5,510

Stunning penthouse with enormous private roof deck! As you step off the key-locked elevator, you’ll be bathed in incredible natural light from over forty feet of south-facing windows, two enormous skylights and open southern exposure. This space has been thoughtfully designed as a private residence to the south with separate north-facing artist’s studio with large open work space, dark room and office. Listed at Douglas Elliman by Joshua Rubin, 212-321-7111, josh.rubin@elliman.com.

$7,699,000

40 East 94th Street, 31D on the Upper East Side Condo (3,872 sf): 10 rooms, 6 beds, 6 baths | RE Taxes: $3,362 | Common Charges: $3,136 | Amenities: Courtyard, Garden, Rooftop Deck

Step into Carnegie Hill’s only six-bedroom condominium home currently on the market. Perched on the 31st floor, you’ll experience spectacular sweeping views of Central Park, the Chrysler and Citicorp buildings, Hudson and East Rivers, several bridges and Yankee Stadium. Let the daytime vista transport you and prepare to be wowed by the stunning city lights at night. This magnificent property is being offered for sale for the very first time. Listed at Douglas Elliman by Jeffrey Bua, 212-891-7047, jbua@elliman.com.

Luxury Listings NYC | March/April 2014

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NYCâ&#x20AC;&#x2122;s

LISTINGS

Premier

Properties

419 East 57th Street, PHAB in Sutton Place

$6,995,000

Co-op: 2 beds, 2.5 baths | Amenities: Elevator, Fireplace, Doorman | Maintenance: $5,914 Be the first to live in this spectacular, one-of-a-kind penthouse, complete with an expansive 1,900-square-foot terrace. Meticulously renovated, this sun-filled, 5.5-room home, perfect as a full-time residence or pied-a-terre, offers exceptional ceiling heights, three working fireplaces, detailed plaster moldings and panoramic city views. Just beyond the dramatic entrance gallery, the homeâ&#x20AC;&#x2122;s living room offers open southern exposure, dramatic entertaining space and a wood-burning fireplace. Listed at CORE by Doug Eichman, 212-612-9661, deichman@corenyc.com.

300 East 77th Street, 4C on the Upper East Side

$7,750,000

Condo (4,096 sf): 13 rooms, 5 beds, 5 baths | Amenities: Lounge, Playroom, Garden | Common Charges: $3,998 | RE Taxes: $2,934 Rarely does a condominium so masterfully designed come to the market! This residence offers a lavish, brilliant layout in pristine condition. This extraordinary sun filled home enjoys dazzling light, rare open skyline views from every room and all four exposures (east/south/west/north). Listed at Douglas Elliman by Ariel Tavivian, 212-319-4109, atavivian@elliman.com.

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March/April 2014 | Luxury Listings NYC

NYCâ&#x20AC;&#x2122;s

LISTINGS

Premier

Properties

130 East End Avenue, PHB on the Upper East Side

$7,995,000

435 East 52nd Street, 7B in Sutton Place

$8,888,888

Co-op: 10 rooms, 4 beds, 4.5 baths | Amenities: Elevator, Pets Allowed, Pre-war Maintenance: $9,080

Co-op (4,200 sf): 10 rooms, 4 beds, 4.5 baths | Amenities: Courtyard, Garage, Pre-war Maintenance: $7,011

This glamorous pre-war penthouse enjoys breathtaking river, sky and city views and a beautifully landscaped wrap terrace. Listed at Sothebyâ&#x20AC;&#x2122;s by Joshua Wesoky, 212-431-2465, Joshua.Wesoky@sothebyshomes.com.

This sensational River House apartment is the definition of cool and hip. It has been featured in many magazines showcasing its renovation and design. Listed at Olshan Realty by Donna Olshan, 212-751-3300, dso@olshan.com.

91 Central Park West, 6A on the Upper West Side

$8,750,000

Co-op (2,700 sf): 8 rooms, 3 beds, 4 baths | Amenities: Playroom, Playroom, Pre-war | Maintenance: $4,910 Coveted, corner, Classic 8 with direct Central Park views. Enter the gracious foyer and proceed into the elegant living room featuring an original caste mantle wood burning fireplace, exquisite herringbone wood floors, and two oversized windows with picturesque views of Central Park and the skyline. Listed at Corcoran by Brian Rice, 212-444-7969, bgr@corcoran.com.

Luxury Listings NYC | March/April 2014

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NYC’s

LISTINGS

Premier

Properties

30 East 85th Street, 8DEF on the Upper East Side

$7,900,000

30 Crosby Street, 5B in Soho

$7,900,000

Condo (3,400 sf): 7 rooms, 3 beds, 4 baths | Amenities: Valet, Garage, Pets Allowed RE Taxes: $2,546 | Common Charges: $4,080

Condo (4,164 sf): 5 rooms, 3 beds, 2 baths | Amenities: Common Storage, Wine Cellar Common Charges: $3,590 | RE Taxes: $3,060

Wonderful condo building in Carnegie Hill’s most desirable location. Listed at Warburg Realty by Arlene Reed, 212-439-5180, areed@warburgrealty.com.

Beautiful loft in a luxury 24-hour doorman building, with private elevator access. This home is beautifully renovated with grand open space. Listed at Corcoran Group by Carrie Chiang, 212-836-1088, ccc@corcoran.com.

241 Fifth Avenue, 20PH in the Flatiron District

$9,750,000

Condo (3,080 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Full Floor, Penthouse, Terrace | Common Charges: $3,767 | RE Taxes: $2,897 Live in the center of NoMad, Manhattan’s hottest new neighborhood, which boasts a bustling restaurant and hotel scene set against the lush, green landscape of Madison Square Park. Merging the best of old and new, the classic New York-style of this area includes Beaux-Arts architecture and iconic cast-iron buildings. 241 Fifth stands out as a new boutique residence designed with modern simplicity. Listed at CORE by Doron Zwickel, 212-612-9607, dzwickel@corenyc.com.

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481 Greenwich Street, PHB in Soho

$8,995,000

1 Beekman Place, 9/10A in Beekman Place

$9,850,000

Condo (4,500 sf): 9 rooms, 3 beds, 3.5 baths | Amenities: Loft, Pets Allowed RE Taxes: $2,254 | Common Charges: $1,637

Co-op (5,000 sf): 9 rooms, 3 beds, 3.5 baths | Amenities: Garden, Pool, Lounge Maintenance: $18,318

Brilliant light, quality craftsmanship and timeless design mingle to create a one of a kind duplex penthouse. Listed at Sotheby’s by Jeremy Stein, 212-431-2427, Jeremy.Stein@sothebyshomes.com.

One of the most spectacular properties to ever come on the market! This grand duplex is in one of Manhattan’s finest pre-war buildings at Beekman Place. Listed at Corcoran by Deborah Grubman, 212-836-1055, dg@corcoran.com.

$9,950,000

641 Fifth Avenue, 48GH in Midtown Condo (3,303 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Fitness Room, Valet, Attended Elevator | Common Charges: $4,969 | RE Taxes: $4,079

A chance to live in the clouds with expansive views of the Empire State Building, Lower Manhattan, One World Trade, the New York Harbor circling west to the Hudson River, Central Park and the George Washington Bridge. Listed at Douglas Elliman by Nancy Smith, 212-891-7787, nsmith@elliman.com.

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795 Fifth Avenue, 2504/07 on the Upper East Side

$10,000,000

Co-op: 6 rooms, 4 beds, 3 baths | Amenities: Elevator, Fireplace, Garage | Maintenance: $9,880 Pierre Hotel Tower! Baronial, six-room home perched on the 25th floor with expansive views of Central Park and the Midtown skyline. This unique home boasts a majestic living room with direct park views, fireplace, 10-foot ceilings and exquisite prewar detailing. Additional features include a corner master bedroom suite with park and city views. Listed at Douglas Elliman by Anne Easton, 212-891-7078, aeaston@elliman.com.

211 Central Park West, 2G on the Upper West Side

$10,000,000

Co-op (3,600 sf): 8 rooms, 3 beds, 4 baths | Amenities: Fitness Facility, Private Storage, Attended Elevator | Maintenance: $5,600 Originally built as a nine-room home, it was later converted to an eight-room apartment by enlarging the kitchen. The new chef’s kitchen offers state of the art appliances and original steel cupboards with a washer/dryer off of the maid’s room. Park facing living room has a wood burning fireplace and is connected to a dining area, which is perfect for entertaining. Extra spacious master bedroom faces the park and boasts an expansive custom walk in closet. There are two additional bedrooms and an elegant library. Listed at Douglas Elliman by Kevin Kelly, 212-702-4034, kevin.kelly@elliman.com.

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$10,850,000

145 Hudson Street, 13B in Tribeca Condo (4,120 sf): 8 rooms, 3 beds, 3 baths | Amenities: Rooftop Deck, Full Time Doorman, Elevator | Common Charges: $3,347 | RE Taxes: $1,512

This trophy home has 12 foot ceilings and 15 foot wide, nearly wall-to-wall, arched windows that offer panoramic city and river views rarely found in a downtown loft. The 70 foot plus long living and dining room is truly one of the most breathtaking rooms in the city. With so many windows, three open exposures and a very flexible floor plan, the apartment can be tweaked to create your dream home. Listed at Douglas Elliman by Ann Cutbill Lenane, 212-769-9862, alenane@elliman.com.

50 Gramercy Park North, 16A in Gramercy Park

$10,900,000

76 Crosby Street, 4FLR in Soho

$11,995,000

Co-op (2,988 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Fitness Room, Pre-war Maintenance: $14,810

Condo (5,262 sf): 10 rooms, 4 beds, 3 baths | Amenities: Pets Allowed, Pre-war, Loft Common Charges: $6,600 | RE Taxes: $1,684

Those who live at the John Pawson designed 50 Gramercy Park North enjoy an enviable location, high end services and exclusive access to the historic bohemian Gramercy Park Hotel. Listed at Sothebyâ&#x20AC;&#x2122;s by Michael Ives, 212-810-4956, Michael.Ives@sothebyshomes.com.

This spectacular full floor home is magnificently renovated with lofty open space and 11 foot high ceilings. It overflows with sunshine from an uninterrupted wall of windows on the east and west exposures. Listed at Meisel Real Estate by Edward Hickey, 212-674-5643, hickey.ed@gmail.com.

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$11,850,000

27 West 72nd Street, 1010 on the Upper West Side Condo (2,864 sf): 6.5 rooms, 3 beds, 3.5 baths | Amenities: Playroom, Fitness Room, Elevator | Common Charges: $2,580 | RE Taxes: $3,330

A once-in-a-lifetime opportunity to own a truly remarkable residence in the famed Olcott Condominium done by renowned international designer Andres Escobar. This stunning pre-war apartment with two private terraces has incredible flow and light from all four exposures with views of Central Park. This could easily convert to a four bedroom home. Listed at Douglas Elliman by Liza Nematnejad, 212-418-2003, liza.nematnejad@elliman.com.

120 East End Avenue, 7A on the Upper East Side

$12,000,000

88 Central Park West, 5N on the Upper West Side

$12,500,000

Co-op: 14 rooms, 6 beds, 5.5 baths | Amenities: Fitness Facility, Garden, Pets Allowed Maintenance: $9,854

Co-op: 8 rooms, 3 beds, 3.5 baths | Amenities: Private Storage, Pre-war, Doorman Maintenance: $6,222

The epitome of elegance and timeless style, this grand home was designed by the legendary Jed Johnson, Alan Wanzenberg and Thad Hayes, and achieves a rare balance of impressive scale for formal entertaining and luxurious comfort for daily life. Listed at Sothebyâ&#x20AC;&#x2122;s by Joshua Wesoky, 212-431-2465, Joshua.Wesoky@sothebyshomes.com.

Sophistication and space abound in this gracious Central Park West duplex co-op. Listed at Warburg Realty by Linda Reiner, 212-439-4538, lreiner@warburgrealty.com.

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1 Morton Square, TH6 in the West Village

115 Central Park West, 18D on the Upper West Side

$10,850,000

Condo (4,090 sf): 8 rooms, 4 beds, 4.5 baths | Amenities: Gallery, High Ceilings Common Charges: $3,335 | RE Taxes: $3,417

Co-op: 7 rooms, 2 beds, 3 baths | Amenities: Courtyard, Playroom, Garden Maintenance: $5,262

The wait is over! Seize a rare opportunity to own one of only six townhouses at 1 Morton Square and experience the privacy of the far West Village. Listed at Stribling by Charlotte Van Doren, 212-585-4521, cvandoren@stribling.com.

Glorious views of Central Park and the city from this sun-drenched 18th floor gem at the prestigious Majestic at West 72nd Street. Listed at Stribling by Cathy Taub, 212-452-4387, ctaub@stribling.com.

508 West 24th Stree, PH-A in Chelsea

$10,495,000

$12,500,000

180 Sixth Avenue, PH-B in Soho

$15,000,000

Condo (3,318 sf): 5 rooms, 3 beds, 3.5 baths | Amenities: Penthouse, Courtyard Common Charges: $5,160 | RE Taxes: $2,480

Condo (3,400 sf): 6 rooms, 4 beds, 4.5 baths | Amenities: Penthouse, Rooftop Deck Common Charges: $4,967 | RE Taxes: $4,723

Adjacent to the High Line, 508 West 24th Street is architect/developer Cary Tamarkin’s new 10-story condominium, designed in the spirit of West Chelsea’s industrial-era warehouses. Listed at Stribling by Millie Perry, 646-613-2651, mperry@stribling.com.

This penthouse at One Vandam provides the rare combination of glamour, a wow factor and a smart, sophisticated layout. Listed at Stribling by Sean Murphy Turner, 646-613-2619, sturner@stribling.com.

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400 Fifth Avenue, PH1N in Midtown

$13,500,000

Condo (3,590 sf): 7 rooms, 3 beds, 3.5 baths | Amenities: Lounge, Garage, Elevator | Common Charges: $5,367 | RE Taxes: $1,743 400 Fifth Avenue soars 60 stories above Fifth Avenue with an intimate collection of condominium residences beginning on the 31st floor. This penthouse residence offers mesmerizing views of the Manhattan skyline through a series of uniquely designed diamond angled windows which enhance the light, air and view from each room. Listed at Douglas Elliman by Toni Haber, 212-891-7702, thaber@elliman.com.

995 Fifth Avenue, 6S on the Upper East Side

$13,500,000

Condop (4,357 sf): 8 rooms, 3 beds, 3.5 baths | Amenities: Fitness Facility, Private Storage, Spa Services | Maintenance: $18,173 Chic, sleek and sophisticated, this triple mint home surpasses any other in the former Stanhope Hotel, converted to residential use six years ago. After purchasing the apartment, the owners spent two years redesigning it. Nothing remains from the developers finishes and fixtures, and the layout has been totally reconfigured for contemporary living. Listed at Corcoran Group by Sharon Baum, 212-836-1036, seb@corcoran.com.

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1200 Fifth Avenue, 9C/10S on the Upper West Side

$13,500,000

170 East End Avenue, PH1A on the Upper East Side

$14,800,000

Condo (5,118 sf): 12 rooms, 7 beds, 6 baths | Amenities: Pre-war, Fitness Room RE Taxes: $1,915 | Common Charges: $4,663

Condo: 9 rooms, 5 beds, 6.5 baths | Amenities: Garden, Courtyard, Garage RE Taxes: $2,903 | Common Charges: $5,139

9C and 10S have been combined to create a magnificent duplex. Listed at Corcoran by Charlie Attias, 212-605-9381, charlie.attias@corcoran.com.

Spectacular penthouse on the Upper East Side. Listed at Corcoran Group by Andrea Wohl Lucas, 212-605-9297, andrea.lucas@corcoran.com.

950 Fifth Avenue, 7FLR on the Upper East Side

$15,500,000

Co-op: 7 rooms, 3 beds, 3.5 baths | Amenities: Pre-war, Keyed Elevator, Private Storage | Maintenance: $10,733 Located in one of Fifth Avenueâ&#x20AC;&#x2122;s most prestigious and exclusive pre-war, full-service buildings, the seventh floor at 950 Fifth Avenue is a rare offering, a unique apartment with exceptional views of Central Park and the southern city skyline. This stylish home has soaring ceilings, pre-war details and modern upgrades. Listed at Douglas Elliman by Joan Swift, 212-702-4039, jswift@elliman.com.

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459 West Broadway, 6S in Soho

$14,900,000

230 West 56th Street, 65AD in Midtown

$15,900,000

Co-op (4,315 sf): 10 rooms, 4 beds, 4.5 baths | Amenities: Private Storage, Loft Maintenance: $3,250

Condo (4,500 sf): 8 rooms, 6 beds, 5.5 baths | Amenities: Spa Services, Lounge Common Charges: $5,940 | RE Taxes: $5,909

Upon entering this triple mint duplex home with 1,500 square feet of open-view roof deck, you know youâ&#x20AC;&#x2122;ve found something special. Listed at Warburg by Jay Glazer, 212-439-5189, jglazer@warburgrealty.com.

Magnificent! Breathtaking panoramic views from this incredible home in the sky, located on the 65th floor of the Park Imperial. Listed at Corcoran by Tamir Shemesh, 212-323-3245, tshemesh@corcoran.com.

960 Park Avenue, 10E on the Upper East Side

$16,500,000

Co-op: 12 rooms, 5 beds, 5 baths | Amenities: Pets Allowed, Elevator, Full Time Doorman | Maintenance: $7,305 This sunny high-floor apartment is a gracious five-bedroom residence in excellent condition. The private landing opens onto a marble 23-foot gallery which leads to 60 feet of living room, a mahogany library and elegant formal dining room. There are 10.5-foot ceilings, oversized windows and original moldings. Listed at Douglas Elliman by Kathryn Bregman, 212-702-4077, kbregman@elliman.com.

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1 York Street, 10FLR in Tribeca

$18,000,000

12 East 13th Street, 9 in Greenwich Village

$18,950,000

Condo (5,350 sf): 7 rooms, 4 beds, 4.5 baths | Amenities: Pool, Loft, Garage Common Charges: $4,651 | RE Taxes: $4,084

Condo (4,848 sf): 12 rooms, 4 beds, 4.5 baths | Amenities: Fitness Room, Garage Common Charges: $8,252 | RE Taxes: $10,428

Your own massive contemporary haven with four exposures in one of the most exclusive buildings in all of Tribeca. Listed at Town Residential by James Cox Jr., 646-998-7422, jcox@townrealestate.com.

12 East 13th Street: Eight exclusive, one-of-a-kind loft-style residences, offering the ultimate in privacy and comfort in the center of Greenwich Village. Listed at Cantor-Pecorella, 212-243-1213, info@12e13.com.

70 West 45th Street, PH3 in Midtown

$18,000,000

Condo (3,145 sf): 11 rooms, 5 beds, 4.5 baths | Amenities: Valet, Garden, Rooftop Deck | Common Charges: $4,930 | RE Taxes: $386 This penthouse at the ultra-luxurious Cassa Hotel & Residences is a trophy residence and a very rare offering. Enter via a keyed elevator into a lavish, brilliant layout of grand-scale proportions, and be awed by the sumptuous mint-condition living space. Listed at Douglas Elliman by Lenny Sporn, 212-319-4109, lsporn@elliman.com.

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50 Riverside Boulevard, PH1 on the Upper West Side

$19,840,000

211 Central Park West, 17-18J on Upper West Side

$20,000,000

Condo (6,168 sf): 12 rooms, 6 beds, 8.5 baths | Amenities: Pool, Lounge, Courtyard Common Charges: $6,909 | RE Taxes: $383

Co-op (5,000 sf): 11 rooms, 6 beds, 4 baths | Amenities: Fitness Room, Pre-war Maintenance: $7,439

Breathtaking full floor penthouse featuring four exposures with spectacular Hudson River and skyline views. Listed at Corcoran Group, 212-663-7873, info@oneriversidepark.com.

Only once in a lifetime does a legendary trophy home come on the market such as this incomparable duplex in The Beresford. Listed at Carol Levy Real Estate by Carol Levy, 212-580-7270, carol@carolelevy.com.

521 Park Avenue, 4ABC on the Upper East Side

$20,000,000

Condo (4,500 sf): 10 rooms, 5 beds, 5 baths | Amenities: Fitness Room, Pre-war | Common Charges: $2,436 | RE Taxes: $5,080 Create your own full-floor dream home in one of the Upper East Side’s most prestigious prewar condominiums at the corner of 60th and Park. By combining with neighboring apartment 4A, you’ll have the opportunity to bring your vision to life in a massive contemporary corner residence right near Central Park, with amazing light and Park Avenue views. Listed at Douglas Elliman by Patricia Vance, 212-350-8576, pvance@elliman.com.

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993 Fifth Avenue, 16FLR on the Upper East Side

$20,000,000

50 United Nations Plaza, PH35 in Turtle Bay

$22,250,000

Co-op: 9 rooms, 4 beds, 4 baths | Amenities: Pre-war, Pets Allowed, Elevator Maintenance: $11,012

Condo (5,893 sf): 10 rooms, 5 beds, 6.5 baths | Amenities: Fitness Room, Pool, Garage Common Charges: $8,840 | RE Taxes: $5,402

This full floor residence sits atop one of Emery Roth’s treasured addresses directly across from the Metropolitan Museum of Art. Listed at Halstead by S. Christopher Halstead., 212-381-3220, chalstead@halstead.com.

Full floor condo with expansive 73 foot living, dining, library, and entertaining area, featuring Foster + Partners designed bay windows overlooking the East River. Listed at Zeckendorf Marketing by Jill Mangone, 212-490-1818.

$21,000,000

285 Lafayette Street, PHVI in Soho Condo (4,895 sf): 18 rooms, 3 beds, 4.5 baths | Amenities: Pets Allowed, Garden, Rooftop Deck | Common Charges: $7,617 | RE Taxes: $6,188

Crowning Soho’s iconic late 1800s-era Puck Building, the Puck Penthouses masterfully blend the ideal layouts and proportions of the finest prewar apartments with the dramatic scale and charm of loft living to create the ultimate in modern day luxury. Resplendent with period details that include soaring barrel vault brick ceilings, cast-iron columns and beams, and oversize wood-framed loft windows, each of the six custom designed, custom built residences within this exquisite collection of one-of-a-kind penthouses has been reverentially crafted to retain its inherent authentic loft character. Listed at Douglas Elliman by Dennis Mangone, 212-418-2060, dmangone@elliman.com.

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80 Columbus Circle, 71C on the Upper West Side

$23,500,000

Condo (3,168 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Lounge, Sauna, Pool, Valet | Common Charges: $6,668 | RE Taxes: $4,828 If Columbus lived in an apartment like this he could see the new world without getting out of bed! Soaring 71 stories above all of Central Park and the entire New York City skyline you can survey the breathtaking panoramic vistas from river to river and almost dance on the clouds just outside your floor-toceiling windows that wrap this spectacular condominium at the Residences at the Mandarin Oriental. Listed at Douglas Elliman by Jaqueline Teplitzky, 212-891-7263, jteplitzky@elliman.com.

1185 Park Avenue, PH16G in Carnegie Hill

$24,950,000

Co-op: 11 rooms, 5 beds, 6 baths | Amenities: Pets Allowed, Courtyard, Rooftop Deck | Maintenance: $7,689 This home in the sky offers elegant indoor and outdoor entertaining spaces complemented with five bedrooms, a library, and a sky room. Situated atop one of Park Avenueâ&#x20AC;&#x2122;s most prestigious white glove co-ops, this fabulous pre-war penthouse presents the opportunity to own one of the most exciting residences in New York City. Listed at Douglas Elliman by Daniela Kunen, 212-891-7611, dkunen@elliman.com.

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1 Central Park South, 1501/1503 on Upper East Side

$25,000,000

765 Park Avenue, 8B on the Upper East Side

$25,000,000

Condo (4,652 sf): 9 rooms, 4 beds, 6 baths | Amenities: Pre-war, Spa Services Common Charges: $5,996 | RE Taxes: $6,410

Co-op (5,200 sf): 14 rooms, 5 beds, 6.5 baths | Amenities: Fitness Room, Pre-war Maintenance: $9,532

A unique opportunity to combine two fifteenth floor apartments at the Plaza Hotel Residences, to create a four-bedroom home with Park views. Listed at Brown Harris Stevens by John Burger, 212-906-9274, jburger@bhsusa.com.

Located in one of Park Avenue’s finest co-ops, this 14-room home has 100 feet of Park Avenue frontage and is in perfect move-in condition. Listed at Brown Harris Stevens by John Burger, 212-906-9274, jburger@bhsusa.com.

$25,000,000

845 United Nations Plaza, 32A in Turtle Bay Condo (2,016 sf): 8 rooms, 4 beds, 4.5 baths | Amenities: Pets Allowed, Courtyard, Garden | Common Charges: $3,528 | RE Taxes: $4,622

This expansive home in Trump World Tower has been elevated to a new level of luxury after three years of meticulous renovation. The distinctive residence spans nearly 95 feet across, showcasing panoramic views of Manhattan’s iconic skyline and the East River. Listed at CORE by Jarrod Guy Randolph, 212-726-0757, jrandolph@corenyc.com.

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515 Park Avenue, 30/31 on the Upper East Side

$29,500,000

12 East 13th Street, PH in Greenwich Village

$30,500,000

Condo (6,286 sf): 12 rooms, 5 beds, 6 baths | Amenities: Fitness Room, Wine Cellar Common Charges: $12,692 | RE Taxes: $11,696

Condo (5,704 sf): 13 rooms, 5 beds, 6 baths | Amenities: Fitness Room, Garage Common Charges: $10,374 | RE Taxes: $13,110

Perched on the 30th and 31st floors of a white-glove condominium, this duplex boasts phenomenal 360 city and park views. Listed at Sothebyâ&#x20AC;&#x2122;s by Serena Boardman, 212-606-7611, serena.boardman@sothebysrealty.com.

383 West Broadway, PH in Soho

$32,000,000

15 Central Park West, 33A on the Upper West Side

$31,000,000

Co-op (7,500 sf): 6 rooms, 4 beds, 5.5 baths | Amenities: Skyline View, Loft Maintenance: $5,223

Condo (3,105 sf): 7 rooms, 3 beds, 3.5 baths | Amenities: Garage, Pool, Lounge Common Charges: $4,859 | RE Taxes: $2,915

Never before has a penthouse loft come to the market that combines indoor and outdoor living, the very essence of Soho. Listed at Modlin Group by Adam Modlin, 212-974-0740, adam@modlingroup.com.

Perched high on the 33rd floor of the south tower at 15 Central Park West, this gorgeous condo has unobstructed views of Central Park, the Hudson River, and Columbus Circle. Listed at Brown Harris Stevens by Kyle Blackmon, 212-588-5648, kblackmon@bhsusa.com.

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$34,995,000

885 Park Avenue, PH15A on the Upper East Side Co-op: 17 rooms, 6 beds, 8 baths | Amenities: Fitness Room, Pre-war | Maintenance: $18,586

This exceptional duplex apartment is situated on the top two floors in one of Park Avenues most sought after addresses. The apartment feels like a house with its expansive living and entertaining space. On the bottom floor, you arrive to your private landing and enter a wonderful wood paneled gallery. There is a traditional and elegant living room, dining room and library. Listed at Corcoran Group by Hilary Landis, 212-605-9217, hjl@corcoran.com.

$35,000,000

25 Columbus Circle, 70B on the Upper West Side Condo (3,491 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Pets Allowed, Rooftop Deck, Lounge | Common Charges: $6,899 | RE Taxes: $6,466

This spectacular modern home in the south tower of the Time Warner Center is a one of a kind dramatic duplex apartment with its own elevator. Designed and renovated by award winning architect Joel Sanders, this flexible open apartment combines the best aspects of loft and traditional apartment living. The apartment features unparalleled views of Central Park to the east and the Hudson River to the north which can be enjoyed from all rooms. Listed at Corcoran by Barbara Hochhauser, 212-836-1035, bgh@corcoran.com.

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$27,500,000

535 West End Avenue, 10 on the Upper West Side Condo (8,451 sf): 13 rooms, 7 beds, 7.5 baths | Amenities: Fitness Room, Courtyard, Sauna | Common Charges: $9,103 | RE Taxes: $1,168

This high-floor unit is the best apartment in the famed 535 West End Avenue condominium and typifies a flexible layout of the grandest proportions. This full-floor mansion in the sky was completely redesigned by the acclaimed “top 100 Architectural Design Magazine” designer Katherine Newman and perfected with exquisite finishes. Listed at Douglas Elliman by Fredrik Eklund, 212-727-6158, feklund@elliman.com.

502 Park Avenue, PH24 on the Upper East Side

$28,000,000

157 West 57th Street, 58B in Midtown

$27,000,000

Condo (6,192 sf): 12 rooms, 5 beds, 7.5 baths | Amenities: Garage, Fitness Facility Common Charges: $7,424 | RE Taxes: $8,848

Condo (4,193 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Garage, Pool, Spa Services Common Charges: $6,432 | RE Taxes: $462

A sprawling oasis in Manhattan’s premier pre-war condominium. This exceptional penthouse residence with a private elevator is an incredible lightfilled space. Listed at Trump International Realty by Michelle Griffith, 646-942-5521, mgriffith@trumpic.com.

ONE57’s three bedroom, half-floor residence delivers extraordinary sophistication, elegance and scale. Listed at Extell Development by One57 Sales Center, 212-570-1700, sales@one57.com.

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990 Fifth Avenue, PH on the Upper East Side

25 East 77th Street, PH on the Upper East Side

$60,000,000

Co-op (5,500 sf): 13 rooms, 4 beds, 5.5 baths | Amenities: Pre-war, Elevator Maintenance: $23,082

Condop (9,799 sf): 12 rooms, 6 beds, 8 baths | Amenities: Pre-war, Concierge Maintenance: $44,645

Stunning Candela penthouse triplex includes extraordinary Park views and a private elevator to all floors. Listed at Sothebyâ&#x20AC;&#x2122;s International Realty by Lois Nasser, 212-606-7706, lois.nasser@sothebyshomes.com.

The five-star Mark Hotel is widely considered the ultimate luxury boutique hotel in the heart of the Upper East Side. Listed at the Corcoran Group by Deborah Grubman, 212-937-6677, lcc@corcoran.com.

20 West 53rd Street, PH in Midtown

$50,000,000

$60,000,000

151 East 58th Street, PH51W in Midtown

$98,000,000

Condo (7,381 sf): 11 rooms, 5 beds, 5 baths | Amenities: Valet, Housekeeping, Elevator Common Charges: $19,060 | RE Taxes: $13,952

Condo (9,000 sf): 16 rooms, 4 beds, 4.5 baths | Amenities: Entry Foyer, Skyline View Common Charges: $13,357 | RE Taxes: $11,426

The pinnacle of Baccarat Residences, the penthouse duplex is an extraordinary home of generous proportions. Listed at Corcoran Sunshine Marketing Group, 212-765-5300, info@baccaratresidencesny.com.

For the first time ever, this extraordinary apartment, the only duplex at Beacon Court, is being offered for sale. Listed at Corcoran by Deborah Grubman, 212-836-1055, dg@corcoran.com.

Luxury Listings NYC | March/April 2014

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Hamptons

LISTINGS

Premier

Properties

House in East Quogue

$10,500,000

House (5,500 sf): 6 beds, 5 baths | Amenities: Oceanfront, Swimming Pool, South Of Highway â&#x20AC;&#x2DC;Seven Porchesâ&#x20AC;&#x2122; is a Dune Road oceanfront compound framed by water and sky. 200 feet on the Atlantic with stunning ocean vistas and unobstructed views of Shinnecock Bay. Sitting high upon the dune, the main house, guest house and all the amenities offer a true resort-like atmosphere. The shingle style Hamptons home is bathed with sunlight from all rooms. Listed at Brown Harris Stevens by Gayle Osman Lopata, 631-288-5124, glopata@bhshamptons.com.

405 Captains Neck Lane in Southampton Village

$10,995,000

House (4,800 sf): 5 beds, 5 baths | Amenities: Heated Pool, Waterfront, Garage | Annual Taxes: $33,217 This is a rare opportunity to purchase a 1.9 acre waterfront property on the most coveted stretch of Captains Neck Lane with a salt water dock on navigable water to Shinnecock Bay, making it perfect for kayaking, paddle boarding or sailing a catamaran. The pristine house offers beautiful water views and the luxury of spectacular sunsets over the water. It has a top-of-the-line newly renovated kitchen that opens to a breakfast room, formal dining room, sunroom, enclosed three season porch and a large living room with a fireplace overlooking the 50 foot heated gunite pool and open water. Listed at Douglas Elliman by Susan Hovdesven, 631-204-2710, Susan.Hovdesven@elliman.com.

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March/April 2014 | Luxury Listings NYC

Hamptons

LISTINGS

Premier

Properties

$10,999,999

18 Apaucuck Point Lane in Westhampton Beach House (8,000 sf): 7 beds, 7 baths | Amenities: Waterfront, Heated Pool

Enjoy six acres and 320 feet of waterfront in this estate with your own private sandy beach. Be welcomed by a grand entrance foyer with dual circular staircases. House features a gourmet chef’s kitchen, with a sunlit breakfast sitting area, butler’s pantry, large formal dining room with adjacent water view and sitting den. Listed at Douglas Elliman, 631-288-6244, Lynn.November@elliman.com.

Custom Georgica Estate in East Hampton Village

$12,400,000

House (10,000 sf): 7 beds, 8 baths | Amenities: South Of Highway Exquisite custom home on over two acres in Georgica. Listed at Sotheby’s by Dana Trotter, 631-537-6000, Dana.Trotter@sothebyshomes.com.

Luxury Listings NYC | March/April 2014

318 Mitchells Lane in Bridgehampton

$12,750,000

House (14,000 sf): 10 beds, 12 baths | Amenities: Swimming Pool, Waterfront Annual Taxes: $30,223 This spectacular traditional home is set on nearly three acres of professionally landscaped grounds, which go down to the 107 feet of waterfront frontage and a dock on exclusive Long Pond. Listed at Corcoran by Susan Breitenbach, 631-899-0303, smb@corcoran.com.

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Hamptons

LISTINGS

Premier

Properties

House in Sagaponack

$12,750,000

House (8,750 sf): 7 beds, 8 baths | Amenities: Tennis, Heated Pool, South Of Highway Glamorous new modern home in Sagaponack South with pool and tennis court, just two country blocks from the ocean. Luxury construction by Sagaponack Builders has everything on your wish list. State of the art kitchen with Gaggenau appliances, four fireplaces (two of them outdoor) and much more. Listed at Town & Country Real Estate by Gene Stilwell, gstilwell@1townandcountry.com.

6 Seafield Lane in Westhampton Beach

$17,750,000

House (16,000 sf): 20 rooms, 9 beds, 9 baths | Amenities: Garage Parking, Swimming Pool, South Of Highway | Monthly Taxes: $7,083 This 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. Overlooks scenic Quantuck Bay with 620 feet of water frontage. Other highlights include a dramatic entryway with a three-story staircase, living room with fireplace, and banquet-sized formal dining room with hand-painted murals and fireplace. Listed at Douglas Elliman by Enzo Morabito, 631-537-6519, enzo.morabito@elliman.com.

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March/April 2014 | Luxury Listings NYC

Hamptons

LISTINGS

Premier

Properties

House in Southampton Village

$28,000,000

House (6,200 sf): 5 beds, 5 baths | Amenities: South Of Highway, Swimming Pool Annual Taxes: $72,275 Contemporary residence is superbly sited on world famous Meadow Lane. Listed at Corcoran by Tim Davis, 631-283-7300, tgdavis@corcoran.com.

House in Southampton Village

$29,500,000

House (12,000 sf): 10 beds, 12 baths | Amenities: Swimming Pool, South Of Highway This stunning home designed by architect Frank Greenwald in the shingle style is offered for sale for the first time. Listed at Corcoran by Tim Davis, 631-283-7300, tgdavis@corcoran.com.

2040 Meadow Lane in Southampton Village

$28,000,000

House (7,500 sf): 6 beds, 7 baths | Amenities: Oceanfront, Swimming Pool, South Of Highway, Tennis Court | Annual Taxes: $44,000 This 3.7 acre oceanfront residence is set on Meadow Lane, which holds the reputation as one of the top five most majestic and famous streets in the world. The oceanfront residence includes six bedrooms, seven baths, finished basement, two fireplaces, and a garage. The master and guest quarters walk out to the ocean and are engulfed with expansive views of the ocean and dunes. Listed at Corcoran by Susan Breitenbach, 631-899-0303, smb@corcoran.com.

Luxury Listings NYC | March/April 2014

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Hamptons

LISTINGS

Premier

Properties

674 Scuttle Hole Road in Water Mill

$22,995,000

House (16,782 sf): 7 beds, 7 baths | Amenities: Office, Swimming Pool | Annual Taxes: $18,269 This unique and sensational estate on 42 acres is a newly custom-built traditional with unparalleled construction and meticulous handcrafted details found in European estates. Wide limestone terraces overlook unlimited rolling vistas that are protected forever. Also convenient to Atlantic Golf Course and Golf at the Bridge. Listed at Corcoran by Susan Breitenbach, 631-899-0303, smb@corcoran.com.

439 Halsey Neck Lane in Southampton North

$18,500,000

House (11,560 sf): 7 beds, 12 baths | Amenities: Garage, Swimming Pool, South Of Highway, Tennis Court | Monthly Taxes: $5,884 This extraordinary gated Southampton estate is situated on over two acres with close proximity to ocean beaches. The magnificent home features 11,560 square feet of luxurious living space and a gracious floor plan with a large first floor master bedroom complete with dressing rooms and his-and-her baths. Listed at Douglas Elliman by Erica Grossman, 631-283-4343, Erica.Grossman@elliman.com.

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March/April 2014 | Luxury Listings NYC

INTERNATIONAL

ESCAPE FROM NEW YORK Around the world on a Manhattan budget of $5 million BY ANGELA HUNT

et’s be real: It’s expensive to live large in the big city. If you’re browsing for a high-end home in New York, you can expect to pay a lot of money for a rather small space. According to a recent report from brokerage Douglas Elliman, the median price of a luxury pad in Manhattan is nearly $5 million — $4.9 million, to be exact. (“Luxury” is defined as the top ten percent of the market, in terms of price.) Spending that amount on a luxury property here will typically get you fewer than 2,400 square feet, according to StreetEasy. But better deals can often be found across the Atlantic. Take a gander at these properties in other top cities, and you might find yourself saying buh-bye to the Big Apple.

PARIS

e’ll always have Paris, and Paris will always appeal to foreign buyers — who are, at the moment, buoying the City of Light’s luxury property market, according to a recent story in the Financial Times. For $4.92 million, you can buy a four-bedroom, 2,475-squarefoot penthouse in the highbrow Passy neighborhood in the 16th arrondissement of Paris. This residence is an art savant’s dream, within walking distance of the Musee Marmottan Monet and the Palais de Tokyo. On the banks of the river Seine, the top apartment in this nine-floor modern building boasts views of the Eiffel Tower from its wraparound balcony, as well as two indoor parking spots, wall-to-wall windows and a landscaped rooftop terrace. Contact: Jean de Premont, Daniel Feau Auteuil, +33 (0)1 45 24 34 44

DUBAI

ven with property prices on the rise in Dubai, the city’s super-luxury digs offer a lot of bang for your buck. Spending $4.9 million will land you a beachside penthouse on the private man-made archipelago of Palm Jumeirah, connected to the city via the country’s first monorail, which runs every three minutes during peak hours. This massive six-bedroom, five-bathroom, 5,521-square-foot apartment features three built-in wardrobes, a private jacuzzi, a maid’s room and a balcony overlooking the Arabian Gulf and the Dubai skyline. The building itself offers a white-sand beach limited only to residents, an infinity pool, a fitness center and a sauna. Contact: Kempinski Residences, +971 44 32 79 72 4

FRANKFURT

s continental Europe’s largest financial center, the city of Frankfurt offers supersized luxury homes that won’t break the bank. A Manhattan budget can buy a spacious, suburban-style villa with plenty of room to run around, inside and out. This six-bedroom home, listed for $4.92 million, includes some very un-NYC private amenities, including a swimming pool, a two-car parking garage and a sizable stone terrace and landscaped backyard. Contact: Dmitry Ivanov, Regional Project, +7 812 970 64 51

Luxury Listings NYC | March/April 2014

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