Luxury Listings NYC | May/June 2014

MAY/JUNE 2014

HEAVEN IN THE HAMPTONS

A TOP DESIGNER’S VIBRANT, ART-FILLED RETREAT

“MAD MEN” MODEL

STYLISTS CREATE A PLACE PERFECT FOR PEGGY OLSON

GETTING

REAL

AT HOME WITH FORMER “HOUSEWIFE” JILL ZARIN

CHIC BEEPS

SLEEK SMART-HOME TECHNOLOGIES FOR CITY CRIBS

MILLIONS AND MILLIONS WHAT MORE MONEY

REALLY BUYS YOU IN THE NYC REAL ESTATE MARKET A PUBLICATION OF

575 Madison avenue, nY, nY 10022. 212.891.7000 | Š 2014 douglas elliMan Real estate.

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Contents

VOLUME No. 02 ISSUE No. 03

PRICE POINTS P8

MAY/JUNE 2014

Spending $46 million lands you this 11,000-square-foot townhouse — but what else? Check out our breakdown of what millions really buy you in NYC.

NEWS CORNER P26

NYC’s

MANHATTAN MARKET ROUNDUP Going up: Manhattan real estate prices have spiked a shocking 31 percent from the first quarter of last year.

P14

Premier

Properties LISTINGS P62–88

Exclusive homes in Manhattan and the East End.

UPPER EAST SIDE

P30

Second Avenue Subway adds value to East Side homes

UPPER WEST SIDE P34

TRUE BLUE

At home with TV star, author, entrepreneur and designer Jill Zarin.

She may no longer be a “Real Housewife,” but she’s as busy as ever at her Upper East Side apartment that’s inspired by Tiffany’s.

Parking places — another perk for 15 CPW residents

MIDTOWN

THE BACK PAGE P90

FUN WITH NUMBERS Factoids about NYC living you should know.

SOHO

Jill Zarin

TRIBECA Joe Nahem

P36

P38

Charity Row gives way to luxury condo boom

CHELSEA

P40

The High Line inspires starchitects’ work in the nabe

GREENWICH VILLAGE P42

Gentrification puts affordable artists’ studios at risk

4 | Luxury Listings NYC | May/June 2014

P50

Free and easy: Wooden ship to become floating raw bar

LES/EAST VILLAGE

An elite new club serves liquor from the highest shelf

GRAMERCY

P48

As the nabe changes, will Little Italy say arrivederci?

P13 It’s a “Mad” world Peggy Olson may be fictional — but she still has a posh NYC pad.

P18 Tech Technology is getting smarter — and smaller.

A roundup of the best apps and gadgets for your apartment.

P52

New development may encroach upon historic synagogue

FIDI

P56

The Woolworth Building’s storied past — and future P22 Life’s a beach Designer Joe Nahem’s waterfront spread in Amagansett.

P24 Great expectations There are more than 70 new luxury developments with apart-

ments for sale in Manhattan — take a peek at the most buzzed-about new projects.

HAMPTONS

P58

Chichi city folk are hoarding LIRR seats to the East End

NORTH FORK

P60

New craft breweries add a fun, foamy element to Riverhead

EDITOR’S NOTE

PUBLISHER Amir Korangy EDITOR-IN-CHIEF Stuart W. Elliott MANAGING EDITOR Lisa Keys ART DIRECTOR Gregory Cullen REPORTER Zachary Kussin CONTRIBUTORS Tom Acitelli, Katherine Clarke, Michele Keith, Christopher Cameron EDITORIAL OPERATIONS MANAGER Linden Lim EDITORIAL INTERN Reshmi Kaur Oberoi 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.

6 | Luxury Listings NYC | May/June 2014

SOME DISCERNING HIGH-END BUYERS SPENDING $10 MILLION ON AN APARTMENT “WANT MARBLE THAT WAS HAND-CARVED BY BABY JESUS,” ONE BROKER QUIPPED.

W

hen it comes to prices in New York’s super-luxury real estate market — think $10, $20 and $40 million — determining the value of an apartment or townhouse can be a tricky thing.

Often you hear the maxim, “It’s worth whatever someone is willing to pay for it.”

That may be true to some extent, when some buyers have gobs of money to burn.

There is always an element of subjectivity and fashion when determining value, similar, some might even say, to the stock market.

But in this issue, Luxury Listings tried to drill down to see exactly what different price points get you at the high-end, examining homes selling for $2.5 million, $5 million, $10 million, $20 million and $40 million.

Do you get more privacy, better amenities, greater space or simply bragging rights for each step up that ladder? See page 8 for some of the answers.

When you buy an apartment for $2.5 million, for example, don’t expect something sizeable in a newly built condo project in Manhattan, even if that money goes far elsewhere in the city.

At $10 million, expectations can increase considerably. How much? Buyers at that price “want marble that was hand-carved by baby Jesus,” quipped broker Ryan Serhant of Nest Seekers.

Of course, it’s always free to look, and we provide lots of posh homes to gaze at in this issue as usual.

In our cover story on former “Real Housewives of New York City” star Jill Zarin, we peek inside her Upper East Side home.

The apartment is a little jewel box, inspired

(as you can easily tell from its walls) by Tiffany & Co. It is also affectionately known byherfamilyas“BaseCamp,”wheretheauthor, entrepreneur and designer is still busy as ever following her post-reality TV show days.

See page 14.

In another home profile, we take a look inside interior designer Joe Nahem’s Hamptons retreat. Nahem’s work has landed him on countless “Best” lists, including Architectural Digest’s prestigious AD100, and it shows in his eclectic Amagansett spread (snakeskin-embossed suede and mohair are some of the materials you’ll find inside).

Besides his own evolving house, he’s currently working on the interiors of homes designed

by Charles Gwathmey, Robert A.M. Stern and Annabelle Selldorf. See page 22.

And there are many more Hamptons properties on display here, as we all gear up for the summer season starting on Memorial Day. Our listings section begins on page 62.

And finally, don’t miss our New Development Showcase on May 15 at the Altman Building in Chelsea, which we are hosting along with our sister publication, The Real Deal. Check out page 24 for more details.

Enjoy the issue!

STUART W. ELLIOTT, Editor-in-Chief

Grand Duplex Maisonette w Garden New white glv TH-style condo on E 79th. LR, FDR, EIK, MBR suite + 5BRs, 5 bths, 2 pwdr rms. $18.5M. Web #9796404. Inez Wade 212-452-4439

Rare 9 into 7 Rm PH Co-op on E 57th

Exquisite 3 Bedroom, 3 Bath at The Plaza

Wrap terrs, solarium, expansive views. LR & DR for entertaining. Crnr MBR, 2nd BR + libr. $6.5M. Web #9718256. Linda Maloney 212-585-4527

Meticulously renov, every rm faces CP. 11' ceilings, oversized windows. Arch details, every electronic system. Grand LR, library. MBR suite w dressing rm. All hotel services & amenities. $14.975M. Web #9928256. Mercedes Menocal Gregoire 212-452-4416

Hi Flr Prewar Classic 6 at Park & 63rd

High Floor Prewar Sunny Classic 6

Prewar Classic 6, 90th Street off Fifth

Well Priced & Large Prewar 6 – E 66th

Top bldg, LR w WBFP, FDR, 2BR, 2.5 bth, EIK, maid’s rm. $2.995M. Web #9741737. Tim Desmond 212-452-4380/Elizabeth Paul 212-452-4419

LR w WBFP, FDR, renov chef‘s EIK w serv entry, 2BRs + staff rm, 3 bths. 9’ ceilings. Sutton FS co-op. $2.2M. Web #9754931. Barbara Evans-Butler 212-452-4391

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

LR w WBFP, FDR, EIK w study/maid’s & bath. BR wing w 2BRs, 2 renov bths. Excell cond. $1.675M. Web #9699138. Knight Meem 917-318-6242

2BR, 2 Bath Co-op at East 66th

Incredible Views at The Majestic

3000 SF Tribeca Co-op at 74 Reade

3BR, 2.5 Bath Chelsea Condo Loft

Foyer, LR, gourmet kitchen, MBR with marble bath. W/D. First floor of luxury FS bldg. $999K. Web #9722683. Ria Browne 718-208-1923

2BRs, 3 baths, EIK, LR with WBFP, DR, 2 staff rooms.

FS prewar co-op. $9.85M. Web # 9514920. Cathy Taub 212-452-4360/Rosette Arons 212-452-4360

2BR duplex w mezzanine combines historic loft style w preserved industrial elements. $3.1M. Web #9935241. James Cox Jr 917-420-0380

Sun-filled, W/D. Full service building. $3.35M. $1342 maint, $1815 taxes. Web #10018443.

Jessica Vertullo Maher 646-709-3340

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LUXE LIVING

A LEAGUE OF THEIR OWN What do millions really buy in New York City?

N

BY ZACHARY KUSSIN

ew York City is no stranger to multimillion-dollar home listings. A townhouse at 12 East 69th Street asking $114 million — currently the city’s most expensive listing, according to StreetEasy — nabbed a number of headlines when it hit the market late last year. Next up is a $100 million penthouse at 150 West 56th Street listed by its owner. These are big, big prices — but what exactly does the cash buy? Does it buy privacy, better amenities, greater space, or simply bragging rights?

Like art and fine wine, Manhattan real estate seems to have no upper limit when it comes to price tags. We turned to a panel of experts to see what more money can really nab in the city.

The answer, it turns out, isn’t an easy one.

“Pricing is always a tricky thing to discuss,” said Ryan Serhant of Nest Seekers Interna-

tional and TV show “Million Dollar Listing New York.” “As objective as people want to make it, it’s always a subjective thing.”

“Fashion has a lot to do with pricing,” said Leonard Steinberg, who heads Douglas Elliman’s LuxuryLoft Team. By “fashion,” Steinberg means the more boutique attributes of a home — in the $36 million penthouse he’s marketing at 250 West Street in Tribeca, fashion takes the form of a nearly 5,000-square-foot irrigated terrace, Calacatta Gold marble countertops and protected Hudson River views. These aren’t fundamental features; they’re the cherries on top.

Of course, the basics, too, factor into the price. Fundamentals such as square footage, the number and positioning of rooms and ceiling height are all a part of the equation.

As these features improve, the price increases.

And it’s not just the apartment that matters. Appraiser Jonathan Miller notes a transition in the last decade — previously,

the word “luxury” applied to a particular unit in a building; now, however, the designation applies to entire buildings. Features that make an entire property top-of-theline range from the design of the exterior — increasingly, that means the special touch of a starchitect — to standout building-wide amenities (residents at 200 11th Avenue have hi-tech condo-side personal garages) to services, like access to Barneys New York stylists (in the case of the Carlton House on East 61st Street).

“You’re buying yourself into a lifest yle,” said Serhant’s “MDLN Y ” co - star Fredrik Eklund.

So what happens every time you double the amount you’re able to spend on a spread in the city? Do you really get twice the bang for your buck? Read on for our price breakdown.

This two-bedroom, two-bathroom Greenwich Village co-op has high ceilings, moldings and a washer/dryer. Building amenities include a doorman, elevator attendant and communal roof deck.

The $2.5 million spread is located at 41 Fifth Avenue. Kim Robilotti at Janet Aimone Robilotti & Associates has the listing.

$2.5MILLION

F

or $2.5 million, you could buy a nearly 5,000-square-foot home on an ocean block in Manhattan Beach, Brooklyn or a nearly 5,000-square-foot townhouse in Tarrytown — but in Manhattan, it won’t go far. In fact, it’s below the entry-level point of the luxury market, which is defined as the top 10 percent of co-op and condo sales. According to a recent report from Douglas Elliman, in the first quarter of this year an apartment had to close for at least $3.7 million to be considered luxury — that’s up from $2.9 million from the first quarter of 2013.

It’s a particularly paltry sum if you’re hoping to nab newly built digs, according to Serhant. “It’s like wanting $19 at the ATM,” he said.

And why is that? New development today generally gives way to luxury projects, according to Miller. “The site acquisition and costs of construction have never been higher,” he said. “There are limited sites available, and what is available is expensive.”

Of course, it also depends upon the age of the building and its location. At 15 Broad Street, a conversion in the Financial District, there’s a 2,210-square-foot apartment available for $2.9 million.

8 | Luxury Listings NYC | May/June 2014

The unit has three bedrooms, three bathrooms and new flooring; building-wide amenities include a fitness center, swimming pool and housekeeping services.

“The minute you say Tribeca, it evokes a different feeling,” said Lawrence Rich of Douglas Elliman, who has sold units at 15 Broad Street. Indeed, prime neighborhoods, like boutique Tribeca, command their own premiums due to their cachet. At 101 Warren Street in Tribeca, a new-construction building where Rich has also handled sales, a $2.9 million unit here has one bedroom, 1.5 bathrooms and just 1,288 square feet.

In general, $2.5 million can nab the Manhattan buyer an attractive home in such neighborhoods as the Upper East Side, Midtown or Murray Hill, StreetEasy shows. Units closer to the ground are generally larger in bedroom, bathroom count and square footage than those located higher up.

This 2,800-square-foot co-op at 152 Wooster Street in Soho — as seen in Vogue! — has two bathrooms and can accommodate a second bedroom. The kitchen has Brazilian sodalite counters and white marble mosaic tiling, and if you like high ceilings, you’re in luck: They’re 11 feet high. It was priced at $5 million last month. This listing is a coexclusive: Leonard Steinberg and Herve Senequier of Douglas Elliman share it with Steven Gold and Christopher Whelan of Town Residential.

$5MILLION

I

f you double your money to $5 million, you shouldn’t necessarily double your expectations. “Five million doesn’t get you what it used to anymore,” Serhant said. “You’ve gotta have a considerable amount of money.”

At this price point, Serhant said, you could buy a second-floor home in a new, shiny building, even though the same amount could buy a penthouse in an older building.

Roberta Golubock of Sotheby’s International Realty said that, for $5 million, a buyer can indeed buy a “nice” apartment inside of a luxury development, though it will be smaller or perhaps on a different floor. Increase the budget and you increase the luxury factor: think higher ceilings, open views and a collection of high-quality amenities.

Still, buyers in this price range shouldn’t be discouraged, Steinberg advises. While those wishing to spend $5 million can’t expect expect to nab a 10,000-square-foot, five-bedroom space perched on a high floor, they can still find something beautiful, he said.

“The problem is as the expectation for quality… rises with every new building, your eye gets trained to the next most fabulous,” he said.

In terms of necessities, there are some parallels between what $5 million can get and what $20 million delivers, Steinberg said.

Buyers can get high ceilings, a number of bedrooms that suit their needs and even some outdoor space. But the key difference, especially in luxury builds, is that the proportions will be scaled down.

Buy into the luxe Baccarat Hotel & Residences at 20 West 53rd Street for $10 million. This 37th-floor home has three bedrooms and 3.5 bathrooms, plus views to the south and east. The 2,525-square foot spread has a windowed master bathroom with Lido white marble slab floors with radiant heat.

Residents here have access to the amenities in the building’s hotel, which include a five-star restaurant and fitness center. Corcoran Sunshine Marketing Group is handling sales here.

$10MILLION

I

f your budget reaches eight figures, now — finally! — you’re in the market for a truly envy-inducing pad.

In the $10 million range, expectations can increase. For those looking for a home on a higher floor, a larger amount of indoor and outdoor space, high-quality finishes and even a tony neighborhood, these factors come within reach. “Molding on top of molding on top of molding,” Serhant said of buyers at this price point. “They want marble that was hand-carved by baby Jesus.”

Buyers pay a premium for these homes because they come in short supply around the city, Serhant said.

In some instances, spending $10 million can garner an outstanding pad, even if it isn’t located in a tony, big-name development like

Walker Tower or 740 Park Avenue. “Luxury has different meanings to different buyers,” Golubock said. “If you take the marriage of location, scale, outside space, square footage and views, that can bump up something that might not be in a more architecturally distinguished property.”

Breaking the $10 million threshold also buys residents into a brand: Think 15 Central Park West and 56 Leonard. “That’s why people pay that kind of money to be in very branded buildings,” Serhant said.

It’s the cachet associated with these addresses — which comes with some serious bragging rights — not to mention the services that these buildings offer.

CONTINUED ON PAGE 10

May/June 2014 | Luxury Listings NYC | 9

LUXE LIVING

CONTINUED FROM PAGE 9

Views, views, views. This 3,900-square-foot condo at the Millennium Tower features floor-to-ceiling windows that overlook Central Park, the Hudson and East rivers, the George Washington Bridge, Midtown’s skyline and even the Statue of Liberty, according to the listing. The $20 million home also has five bedrooms and 4.5 bathrooms. Located at 101 West 67th Street at Columbus Avenue, residents here have access to an IMAX theater and special rates to the Reebok Sports Club, which is located in the property. Tamir Shemesh of Corcoran has the listing.

$20MILLION

T

he $20 million mark builds upon the $10 million one. In the same high-profile buildings, buyers can move up the ladder in terms of size, finishes and, most significant of all, views.

“Whether you’re adjacent to the water, parks or to some recognized building that is historically interesting and important, that’s where the numbers really jump,” said interior architect Stephen Alton, who’s currently working on the Touraine condominium at 132 East 65th Street.

And if the views are protected, that adds to the price, too, said Golubock. (Think an apartment overlooking Central Park.)

But when house hunters buy into the branded buildings that produce these mega listings, what all do they get inside the development as a whole? Well, the Touraine, for example, features a wine cellar room. There’s a 75-foot lap pool at 56 Leonard and 18 Gramercy Park residents get keys to the gilded gates of Gramercy Park.

“It’s not the quantity of amenities, it’s the unique choice of amenities,” Alton said. “It’s a kind of cachet that is not going to be had somewhere else.”

At the Beresford at 211 Central Park West, $20 million buys an 11-room duplex with two terraces.

This 5,000-square-foot spread with six bedrooms and four bathrooms has two wood-burning fireplaces, a limestone staircase, a library with park and city views and crown moldings throughout.

Carol E. Levy of Carol. E. Levy Real Estate has the co-exclusive listing with Chris Lipman of Rutenberg.

10 | Luxury Listings NYC | May/June 2014

Moving on up: For $42 million, a lucky buyer can get a 25-foot-wide, 10,700-square-foot townhouse at 22 East 64th Street, just off Fifth Avenue on the Upper East Side. Inside the Italian Renaissance-style home (with a limestone façade) are two floors of entertainment space, with the living and dining rooms on the second floor and the library and den on the third floor. The property, which has six bedrooms, six full bathrooms and three half bathrooms, also features Parquet de Versailles wood floors, oak paneling, a marble staircase, 10 marble wood-burning fireplaces and an elevator. Corcoran’s Carrie Chiang and Richard Phan have the listing.

$40MILLION

S

o, what more can buyers get with an extra $20 million and above?

Take all the amenities discussed earlier and amp them up: sprawling floorplans, large penthouses, sweeping views, high ceilings, massive terraces — the list goes on. The penthouse at 11 North Moore Street in Tribeca, listed for $40 million, has a private elevator entrance, 3,168 square feet of outdoor space (with a private rooftop pool) and an

entire master floor. One of the Walker Tower’s full-floor penthouses, which is on the market for $47.5 million, has coffered ceilings and radiant heat flooring throughout, among other posh touches.

But in the Manhattan market, there is something else that spending $40 million or more can buy: “A premium single-family townhome,” said Serhant. “That’s privacy.”

For $46 million, you can buy a piece of Upper East Side history.

This luxe 40-foot-wide townhouse at 125 East 70th Street was built in 1965 by banking heir Paul Mellon and his White House Rose Garden designer wife, Bunny — so perhaps it’s no surprise that its garden has a reflecting pool and gazebo, and there’s also a terrace just off the home’s high-ceilinged drawing room. The spread measures 11,100 square feet, can fit five to eight bedrooms, and has eight full bathrooms and five half bathrooms. Louise Beit of Sotheby’s International Realty has this listing.

May/June 2014 | Luxury Listings NYC | 11

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DESIGN

PEGGY’S PRETTY, POSH PAD

“Mad Men” character Peggy Olson and her virtual, modern-day apartment.

NYC-based furniture styling company creates a “fan fiction” apartment for “Mad Men” character

C

For a virtual tour of Peggy Olson’s apartment, visit www.glossny.com

BY RESHMI KAUR OBEROI an’t get enough “Mad Men”?

Neither can the folks at Gloss NY, a furniture styling company that specializes in high-rise apartments.

Husband-wife duo Saruul and Christopher Herz took the floorplan of a unit at 35XV at 35 West 15th Street and created a “fan-fiction furnishing project” of sorts: A furnished, virtual home for a 2014 version of the 1960s copywriter girl-wonder character Peggy Olson, played on the hit AMC series by Elisabeth Moss.

The apartment, said Christopher, is a “love letter to Peggy Olson’s character.”

Drawing upon Peggy’s career ambitions, fashion sense and memorable dialogues, the apartment is customized for a modern-day version of the character, with furnishings that reflect Peggy’s tendency toward color-

ful apparel and feminine silhouettes.

The sofa and light fixtures above the dining table are lavender; the bed is made of tufted purple velvet. Imagining that Peggy’s years of hard work as a low-level executive paid off, the duo created an upscale setting with a breakfast nook where she could read and conceptualize. The foyer has a fulllength mirror that conceals shoe storage. In the office, the wall coverings are made of iridescent glass beads that exude luxury.

Of course, Gloss NY doesn’t just create environments for fictional characters. The company is designed to assist harried New York City residents who want to furnish their homes without dedicating time to the task.

“Clients come in and tell us their budget and goals,” Saruul describes. “We take their floor plan, go in and take measurements and, taking into account their preferences

CCS ARCHITECTURE | new york + san francisco

and lifestyle, come out with an entire collection specifically made to their style.”

The pair creates a 3D rendering of the furnished pad, from which clients can elect to purchase pieces. (Gloss works with a variety of domestic and international furniture companies; many items are custom-made for clients’ homes.) Deposits for the service start at $99, plus the cost of furnishings.

“We saw the building and the floor plan and fell in love with it,” said Christopher of the space at 35XV, a 24-story condo that’s slated for occupancy this fall. “We are pretty passionate about what we do, so our hope was to inspire those moving into these spaces.”

The pair loves “Mad Men” — additional “fan furnishings” are in the works — and find Peggy, a self-made woman, representational of Gloss NY clients: “Smart, busy, in love with New York,” said Christopher.

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

CELEB CRIBS

A JEWEL BOX OF A HOME

No longer a “Housewife,” Jill Zarin works hard and finds peace in her Tiffany-inspired apartment

I

BY ZACHARY KUSSIN

s it a home, is it an office, or is it a television studio? On a recent sunny day inside the spacious, light-filled 30th-floor digs of Jill Zarin — TV personality, entrepreneur, author, clothing and jewelry designer — the lines blurred.

Though Zarin no longer appears on “The Real Housewives of New York City,” she’s still the consummate media pro. On this day, open makeup kits stood in for place settings on her circular glass-top dining room table; a photography crew buzzed around the adjacent living area, setting up for our Luxury Listings shoot. Zarin’s parents, visiting from Boca Raton, darted in and out of the guest room, preparing for a lunch date at a nearby restaurant. And amidst the commotion, Zarin, who’s now sporting a chic short haircut, awaited a call from news channel HLN. The topic: “The Real Housewives of Atlanta” star Porsha Williams turning herself into the police, following a brawl that erupted on that show’s reunion taping.

Throughout the hubbub, Zarin maintains her warm and affable nature, completely nonplussed by the chaos. While waiting for the phone to ring, she’s busy chatting with our crew and sharing gossip with her stylist. “Today brought back a lot of memories,” Zarin later comments. “For four years I sat at this table — three or four months each year — almost every day, getting my hair and makeup done.”

Zarin’s memorable four-season run on the hit Bravo show ended in 2011. But even though cameras no longer trail her every move, Zarin keeps herself busy. She’s pub-

ABOVE: A sculpture frames the view from a living room window.

RIGHT: The dining and living spaces have the same blue hue.

14 | Luxury Listings NYC | May/June 2014

A sitting area within the living room. The sofa’s upholstery is from Zarin Fabrics.

lished a book, “Secrets of a Jewish Mother.”

She runs a shapewear brand, Skweez Couture. And she has a new jewelry line in the works, which will be upscale but not “expensive expensive,” she said, showing off a new ring — a wide, bold band with sparkly diamond touches — from the collection.

Given Zarin’s packed social calendar — she recently generated buzz by spending Easter Sunday with former “RHONY” castmate Alex McCord — her life does, indeed, ooze the fabulousness that you’d expect. But Zarin does have a touch of homebody in her. “What people don’t know about me is I’m a little bit of a hermit,” she confesses. “People think I’m out all the time. I’m not.”

Indeed, when at home in Manhattan,

Zarin seems to really do it all inside her 2,000-square-foot condo on the Upper East Side. The three-bedroom, 3.5-bath home — which also serves as Zarin’s office, and does occasional triple-duty as a studio — is affectionately known as “Base Camp” by the family, which includes Zarin’s husband, Bobby, daughter Ally, who graduates from Vanderbilt this month, and a Chihuahua named Ginger.

Above all, Zarin likes to think of her NYC abode as a place to relax. Though she’s often working from home, the feel at “Base Camp” is overwhelmingly cozy and homey. The entry foyer boasts display chests full of framed family photos. The pictures flow directly into the living area, whose walls, as well as those of the adjacent

Jill Zarin seated at her new couch.

“Everyone hates it,” she said. “I don’t really care. I had a very fancy silk grey sofa, but it wasn’t as comfortable as this.”

“I wanted the house to look like Tiffany’s.”

—Jill Zarin

PHOTOGRAPHED BY STUDIO SCRIVO

The dining room, with city views, is Zarin’s favorite spot at home.

dining area, sport a light blue textured wallpaper with a silver diamond pattern.

Arrangements of daffodils and orchids give these rooms a fresh, fragrant touch.

“I wanted the house to look like Tiffany’s,” Zarin said.

The surroundings may be upscale, but comfort reigns. Off to the side of the living room rests a new, oversized brown couch.

“Everyone hates it,” Zarin admits. “I don’t really care. I had a very fancy silk grey sofa, but it wasn’t as comfortable as this. And I really wanted a comfortable sofa because this is my home.”

The living room’s windows are adorned with sage-colored curtains — sourced from Zarin Fabrics, of course, her husband’s third-generation family business on the Lower East Side. Also on display is a painting, made by a fan: Reminiscent of a Goya portrait, it depicts a Chihuahua in an antiquated Spanish-style dress. Other pieces made by admirers — one of them a textured painting, done in a colorful abstract style — are on display in the apartment’s

other hallway. While some television personalities may toss such handmade offerings, Zarin shows them off with excitement.

Her favorite spot at home is the dining room, with its city views from two exposures.

She often sits at the glass table with her laptop, working away on her various business ventures. Propped on a cupboard in this room is her most treasured item: A framed letter from Ally, written when she was a little girl. The letter details the many reasons why Ally loves her, one of which is her cooking.

Despite the occasional media interview, life at Zarin’s Manhattan home is generally quiet and peaceful. Things change at the family’s waterfront Southampton compound, “Camp Zarin,” which is where the family entertains. There, Zarin can host a sit-down meal for 50, which she does on Sundays come the summer season. “Everybody comes to me,” Zarin said of her Hamptons abode. “I like when everyone comes over and I like to entertain at home.”

CONTINUED ON PAGE 16

May/June 2014 | Luxury Listings NYC | 15

CELEB CRIBS

When not being used as a desk or makeup stand, the dining table seats six.

Above the couch is a portrait of a Chihuahua, painted by a fan.

CONTINUED FROM PAGE 15

The Zarins have owned their Manhattan pad at Bridge Tower Place since 2001, city records show, and have listed it twice since their purchase, according to StreetEasy. Zarin remains ambivalent about putting the condo up for sale again. “I’ve been here for 12 years and I think I would like to try a new neighborhood,” she said. “I’ve always wanted to try downtown — Soho, Noho — but my husband doesn’t. If we sell it, we sell it.

If we don’t, we don’t. We’re not anxious to.”

If they purchase another home, there’s a chance it won’t be in Manhattan. She said she wants to buy in Florida, and added that maybe she’ll rent a place this year to see

which location — Miami, Boca Raton, Fort Lauderdale or Palm Beach — works best.

“At this point in my life, do I want to invest more money in New York City, or do we actually want to start moving down to Florida [to be] there more than half the year?” she said. “We’re at a change of life now.”

Still, Zarin is a New Yorker through and through — and, she admits, she loves her building: security is good, it has a garage and it’s conveniently located right off the FDR. Plus, she said, the neighborhood is finally changing, with new property rising from the ground up and forthcoming public transportation within easier reach.

“I think that having the Second Avenue Subway is going to make what I want and where I want to be so accessible,” she said. “I’ll be able to walk one block … and head down to Soho. And that might make me happy enough to stay here another 10 to 15 years.”

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TECH TRENDS

GET SMART! New pint-sized technology makes life in your city crib safer, easier and more fun

BY TOM ACITELLI

H

omes are getting smarter, especially in space-starved New York City. Residents here long ago learned how to make tighter spaces work organizationally and functionally; now they’re making those same apartments and townhouses work quickly and automatically through smart-home technology.

Just a few years ago, a digital thermostat that helped keep a condo at a constant temperature was considered state-of-theart. But technology is changing fast: Now that thermostat has to be remote-controllable from a smartphone or tablet — and it also has to work the lights, the music and the flat-screen LCD TV. Plus, these systems have to be innocuous and unob-

trusive, experts say — no bulky contraptions, and as few power cords showing as possible. Much as computers have shrunk to fit the palm of your hand, so has home technology.

“That’s the whole point of it,” said Robert Gilligan, senior technology adviser at Via, a luxury home automation firm, of technology’s diminishing dimensions. Via can turn apartments into nightclubs — complete with throbbing music and blinking lights — all hidden away until someone punches the right codes on a 10-inch tablet.

Such shrinkage plays especially well in Manhattan, where space is at a premium.

Still, apartment and townhouse dwellers can also use newer smart-home technol-

SECURITY

Nexia Home Intelligence

S

mart-home security systems have evolved from wall attachments requiring a separate remote for one user at a time, to barely noticeable devices able to accommodate dozens of users from smartphones and tablets. They’ve also matured beyond off-site companies used to monitor systems. In fact, the home-security share of traditional outside-management companies — the folks who come and install equipment, and are then available by phone if there’s a break-in — is expected to plummet 50 percent in the next few years, according to technology marketing firm ABI Research, as more owners and tenants turn to technology that works with their existing equipment.

Yale Real Living Touchscreen Z-Wave Deadbolt This digital deadlock stores up to 25 access codes—plenty for securing the place for you, the spouse and the kids, plus myriad helpers and houseguests. It speaks three languages: English, French and Spanish. Best, the design is fairly un-bulky, blending in with most doors. Also, there are no monthly usage fees.

Price: $274 www.yalelock.com SimpliSafe Home Security Ultimate Package This comprehensive home-security system is easy to set up, easy to maintain and easy to pay for. There is no contract; just buy, install and you’re ready to go. The system, which detects break-ins, can be customized to particular needs, such as monitoring one door or room more than others. One caveat: It doesn’t come with video cameras.

Price: $519 www.simplysafesecurity.com

18 | Luxury Listings NYC | May/June 2014

In addition to allowing you to remotely run things such as air-conditioning and lights through pre-programming or your cell phone, you can also program up to 19 access codes for the front door. Guest codes are also allowed; you can arrange to be alerted (again, via cell phone) if anyone uses them. There is a $9.99 monthly contract.

Price: $142 www.nexiahome.com Canary Smart Home Security Device As the tech review site CNET notes, this all-in-one contraption is “smaller than a bottle of Gatorade” and yet is practically allseeing when keeping an eye on your home.

So what’s it got? Several external sensors, a high-definition camera with a wide-angle lens and night-vision capabilities to spot movements in the dark.

Price: $199 www.canary.is

ogy to bolster their bottom lines by reducing energy costs. The technology, experts say, can save money as well as space.

“Cost is the foremost energy issue in the minds of most consumers,” said John DiCicco, a professor at the University of Michigan, which released a study earlier this year that showed Americans were worried about their rising home-energy costs — but weren’t necessarily willing to adjust their usage. Some of the newer smart-home technology can do that for them without them really knowing.

Luxury Listings delved into the latest and greatest in smart-home technology to find out what apps, appliances and systems are best suited for urban living.

Read on for our favorites.

Small but smart, Canary is an easy-to-use home security device with several sensors that track everything from temperature to motion.

ENTERTAINMENT & FUN

J

ust because you’re smart doesn’t mean you can’t let loose and have a little fun — in fact, entertainment devices and services are driving the overall smart-home industry right now. Eighty percent of the projected $71 billion in global revenue for smart-home technology firms over the next four years is expected to come from entertainment apps and gadgets, according to Juniper Research. Nowadays, there are free applications that let you control all your music and video playlists with one handheld device (your smartphone), enabling you to listen to your most listened-to playlist on your phone through your stereo, or have a YouTube video from your tablet show up on your TV screen.

There are also systems that can make your condo a bumpin’ nightclub at the press of a button.

In-House Instant Disco This isn’t a fantasy: Your apartment could become a throbbing nightclub. With the push of a button, video projectors drop from the ceiling, a windowed wall becomes a video wall, stage lighting and lasers sweep the room, a backlit waterfall appears — and the music starts pumping.

Price: Contact the company for customized installation quotes. www.viahome.com Samsung Smart Home Theater System Is movie night more your thing? This sixpart surround-sound system, including two tallboy speakers, is unique in that it combines analog and digital pulsations to create particularly crisp-sounding music or television. It comes with built-in Wi-Fi, too.

Price: $999 www.samsung.com

BATHROOMS

S

mart-home technology for the commode is now all about a mixture of conservation and unobtrusiveness. After all, the bathroom is often the smallest room in the apartment (next to the closet, of course); devices, then, shouldn’t take up all that much space. These gadgets are not only sleek but save water, which is good for the environment — and your pocketbook.n Waterpebble Using your first shower as a benchmark, this little device helps you cut back on water usage by encouraging you to reduce your shower time a little bit here and there. How? Through a series of traffic lights that go from green to yellow to red to let you know when you should wrap things up and towel off.

Price: $18 www.waterpebble.com Numi Toilet Manufacturer Kohler calls the Numi “the world’s most advanced toilet.” That label is hard to argue with: There’s a seat and foot warmer, the toilet lights up in the dark and the lid opens automatically as you approach. It can also operate remotely via a handheld touchscreen — no need to worry about someone forgetting to put down the seat — and, perhaps best of all, it plays music on command. Kohler also touts Numi’s “flushing technology,” which conserves water and power.

Price: $6,000 www.kohler.com

CONTINUED ON PAGE 20

May/June 2014 | Luxury Listings NYC | 19

TECH TRENDS

CONTINUED FROM PAGE 19

KITCHEN

Touch-Screen Refrigerator

F

Never be without your apps again with these new refrigerator models from Samsung.

The French door smart fridges include an 8-inch, Wi-Fi-enabled LCD touchscreen that lets you click on your applications while you’re grabbing the next beer. It also allows for web browsing — so you can find that special recipe, perhaps — and word processing, which means you can compile your grocery list as you whip up your next meal.

unctionality — that’s what everyone wants in a kitchen. And now, technology is making our kitchens more streamlined and easierto-use than ever before. Not only do new-fangled kitchen gadgets free up space, but, once set up, they work faster than the bulkier appliances of yesteryear. So, how about a coffee maker that’s basically a single faucet? Or a fridge that frees up counter or table space by having a touchscreen computer built right in?

Sales of such smart-home kitchen technology is expected to balloon from $613 million 2012 to $34.9 billion in 2020, according to Pike Research.

Price: $2,499–$3,499 www.samsung.com

Bosch 800 Plus Series Dishwasher First of all, it’s so modern you won’t even know it’s there: The 2-foot-wide appliance is whisper quiet. It’s also got a color touchscreen that acts as a control panel, as well as a warning system for when the dishwasher needs maintenance. Perhaps smartest of all, there’s a flexible third rack for gawkier items.

Four Door, French Door Refrigerator

Price: $1,499

Price: $3,420

www.bosch-home.com

www.blombergappliances.com

You may live in the city, but you like your food farm-fresh, right? Check out this new fridge from high-end European brand Blomberg. It features “blue light technology,” which allows fruits and veggies to continue photosynthesis in the crisper — resulting in fresher, more vitamin-packed produce. There’s also a “flexi zone” — an area with an adjustable temperature that ranges from -10 degrees to 50 degrees — perfect for chilling that just-gifted bottle of rosé.

DECORATING & DESIGN

R

emember when redecorating your place involved tape measures, paint and fabric swatches — and a huge leap of faith? No more. These apps save you mountains of time (and stress) by allowing your apartment to “try on” different furniture and looks, without ever having to set foot in a store until you’re ready to pull the trigger and buy something. (And even then, you may not have to leave your digs: Some allow for online purchases and follow-up customer service.)

Furnish This app’s tagline says it all: “See how furniture would look in your house before you buy.”

Specifically, it allows would-be decorators to virtually “test” wares from retailers such as Knoll, Herman Miller and Pottery Barn. Furnish allows users to superimpose furniture against a real background — say, your living room — photographed with a smartphone.

Price: Free www.thefurnishapp.com

20 | Luxury Listings NYC | May/June 2014

Houzz Interior Design Ideas CNN in 2012 called Houzz the “Wikipedia of interior and exterior design.”

It’s suffused with more than 2 million high-resolution photos, which you can browse by style, room and location— and then save to a virtual notebook, should you wish to purchase later.

Price: Free www.houzz.com

top-notch homes in new york

upper east side MansiOn

turn Key tOWnhOuse

232 east 63rd street | upper east side | $25,000,000 | This absolutely magnificent Upper East Side mansion is defined by its elaborate design, exquisite detailing, superior finishes, state-of-the-art technology, garage and is unlike any ultra-luxury home you’ve ever seen. Web# 1365255.

132 east 62nd street | upper east side | $27,000,000 | Masterpiece on Manhattan’s Upper East Side. Historic, fully-furnished, professionally-designed townhouse situated off Park Avenue. This exquisite 20 ft wide, five-story townhouse with livable basement, large landscaped garden and elevator is a distinctive statement of elegance. Web# 1764513.

Old Westbury estate

haMptOn WaterfrOnt estate

18 elmhirst drive | Old Westbury | $7,988,000 | This 8,000+ sf architectural masterpiece encompasses 7 gorgeous bedrooms. The bright and airy floor plan includes; a state-of-the-art home theater, playroom, entertainment room, gym, heated pool with sundeck, automatic covered spa, a Deco Turf tennis court and heated three-car garage. Abutting the Old Westbury Golf and Country Club’s most remote green, this 3.25-acre estate provides an enchanting oasis of serenity and tranquil beauty. Web# 2641212.

26 On the bluff | north haven | $10,150,000 | This mansion, which spans an impressive 9,788 sf holds 6 bedrooms, 7.5 bathrooms, an open living room with a double-sided fireplace shared with the magnificent formal dining room, gourmet eat-in kitchen with fireplace and top-of-the-line appliances.

Web# H17478.

reCently sOld TiME WArnEr CEnTEr | $15,000,000 | TrUMP TOWEr | $16,500,000 | 150 COlUMbUS CirClE | $16,000,000 TrUMP PlACE | $5,325,000 | 102 PrinCE STrEET | $13,800,000 | 224 WEST 18TH STrEET | $7,390,000

Oren AlexAnder lic. AssOc. r. e. BrOker | O: 212.350.8561 TAl AlexAnder lic. r. e. sAlespersOn | O: 212.350.8541 www.thealexanderteam.elliman.com

575 Madison avenue, nY, nY 10022. 212.891.7000 | © 2014 douglas elliMan Real estate. all MateRial pResented heRein is intended foR infoRMation puRposes onlY. While, this infoRMation is believed to be coRRect, it is RepResented subject to eRRoRs, oMissions, changes oR WithdRaWal Without notice. all pRopeRtY infoRMation, including, but not liMited to squaRe footage, RooM count, nuMbeR of bedRooMs and the school distRict in pRopeRtY listings aRe deeMed Reliable, but should be veRified bY YouR oWn attoRneY, aRchitect oR zoning expeRt. equal housing oppoRtunitY.

Interior designer Joe Nahem, at home in Amagansett with his adorable Jack Russell Terrier, Josie

DESIGNER DIGS

EAST END ECLECTIC Top interior designer Joe Nahem’s colorful Hamptons home

BY MICHELE KEITH

“D

one but not done” is how New York City native and interior designer Joe Nahem describes his Amagansett home. There’s something compelling in every corner — “not all of them showstoppers,” he admits — be it a painting, Moroccan tiles or a one-of-akind chair upholstered in a snakeskinembossed suede.

For Nahem, the principal of Fox-Nahem Associates, it’s all about the details. And it is this unwavering focus, plus unique talent for combining textures and patterns, that’s landed him on countless “Best” lists, including Architectural Digest’s prestigious AD100.

Nahem’s ability to incorporate architecture with interior design — and his understanding of how people live and what will make them happy — have clients hiring him over and over again.

Nahem and his partner, Jeff Fields, who is the firm’s creative director, first came to Long Island’s East End about 20 years ago, renting a place near the posh Maidstone Club. “We were near the ocean and got used to the neighborhood,” Nahem recalls.

“So we told our broker to keep his eyes open for something nice, but smaller, that we could buy.”

A cottage with private ocean access on tony Further Lane, on the border with East Hampton, finally came along at the end of the 1990s. They bought it, even though it was a “mess,” according to Fields — it hadn’t been touched in 30 years — and took no advantage of the amazing view that encompasses wild cherry trees, sand dunes and the ocean. The couple put the closing costs on their MasterCard. “We were so broke,” Fields said.

Six years later, with Nahem’s career taking off, the men were ready to demolish the old place and construct what they wanted. Now well acquainted with all the nuances of the 1.2-acre lot, which borders a nature preserve, they devised a three-stage plan with the aid of good friend Steve Chrostowski of Alveary Architecture/Design. Eventually, the couple would inhabit a three-level, 5,900-squarefoot contemporary dwelling with five bedrooms, two staff rooms and seven-and-a-half baths. There is a pool, of course, with a cabana and self-contained pool house. The first two stages, basically the construction of the house, have been completed. If all goes well, the final stage — which involves extending the apple-green breakfast room, building a gym with steam, sauna and massage rooms, as well as adding a garage — will be finished by Memorial Day.

22 | Luxury Listings NYC | May/June 2014

BELOW: Nahem, left, and partner Jeff Fields, relaxing in their breakfast nook BELOW RIGHT: The master bath, with a Thomas Ackermann painting and a vintage Abrizzi table

W hile Nahem had teamed w it h Chrostowski before, it was a first for Fields.

“He had plenty to say,” the designer said with a laugh. “I played the experience card when I wanted something done my way, but Jeff would retort, ‘I don’t care how many Best Designer lists you’ve been on, this is the way I see it.’ In the end it turned out very well.”

As with all the homes Nahem does, this one is first and foremost “comfortable, with a ‘not decorated’ look,” he said. “Plus, I wanted to feel that if I decided to move some art or bring in a new chair, it wouldn’t throw things off.” Equally important was to mesh the indoors with the outdoors. That was accomplished with oversized, mahogany-framed windows, sliding glass doors throughout and a 95-foot-long deck running the width of the structure.

Nahem’s passion for design started at a young age. “I was always changing things around at my parents’ house; they never knew what to expect when they came back from a vacation,” he said. So it was no surprise he already had a client list when he and his friend, the late Tom Fox, joined forces to establish Fox-Nahem Associates

in the 1980s — even though Nahem was in his early 20s and still a student at Parsons School of Design.

Highly regarded for his on-budget, ontime ethic — a rarity in an industry that he said is better known for extravagance and sometimes flagrant disregard for the business end of things — Nahem is at ease with both contemporary and traditional settings. In addition to handling the interiors, he also often consults on architecture and outdoor space.

Two recent undertakings: A home in Aspen, the last in Charles Gwathmey’s prestigious career, and a Paul Rudolph house in the West Village, done with Steven Harris Architects.

Currently on Nahem’s plate are a penthouse in the Puck Building, an apartment at 150 Charles, a townhouse in Robert A. M. Stern’s Superior Ink Building and an Annabelle Selldorf house in nearby Sagaponack.

Nahem has also collected art for decades, primarily work from the late 20th and early 21st centuries. He’s generous with praise for others and said he’s learned a great deal from his brother, an art dealer. Among myriad favorites in his Amagansett home are a Richard Prince multimedia piece in the

One of two conversation areas in the living room, this space features vintage French floor lamps and stools made of driftwood, which Nahem customized.

As with all the homes Nahem does, this one is “comfortable, with a ‘not decorated’ look,” he said.

PHOTOGRAPHED BY STUDIO SCRIVO entryway, a collage by Aya Takano in the living room and a resin bust sculpted by Gelitin in a hallway, its hand holding an iPhone to take selfies. Even the bathrooms feature art, the largest being Thomas Ackermann’s “Moon Art Rat” in the master, juxtaposed with an Arts and Crafts–era, wood-andrope chair from France.

Every room shows off the designer’s knack for combining textures and textiles, for which he’s “always on the hunt,” he said.

Take the master bedroom: There are pecky cypress walls, a cut-velvet headboard topped with faux fur, a pair of midcentury chairs dressed in glazed silver linen and, tying it all together, a South African mohair rug. Indeed, travel is a huge inspiration: “How people dress, the food they eat, their lifestyle, it all somehow affects my work,” he said.

The furniture throughout the home is a mix of his own creations, like the

A fireplace is the centerpiece of the home’s expansive living room, with its myriad textures and walls of tongue-andgroove, white-painted pine.

nubby, amethyst-toned sofa in the living room and the driftwood-supported stools, which, when Nahem first found them, had been topped with glass and used as tables.

There are also antiques like the circa-1940s Swedish card-table chairs, along with commissioned items such as the black walnut George Nakashima kitchen counter and shelving, exhibiting the craftsman’s signature free-edge aesthetic.

Sustainability is also a priority. Nahem points out the reclaimed, French limestone in the entry; the stained, reclaimed oak floors throughout the house, even in the bathrooms; the numerous doors made from old barn siding. What’s most exciting will be the new, eco-friendly garage, an ideal place to park their electric Tesla. “The roof will be planted with succulents and other lowmaintenance plants that are native to the area,” said Fields.

Credit: Peter Murdock

Credit: Peter Murdock

The pool boasts an open pavilion with a fireplace, pictured, as well as a pool house with a kitchen, bath and laundry.

One of the few oceanfront rental properties in the vicinity, the house is really too big for them, they said. But the size — not to mention prime locale, down the street from the likes of Jerry Seinfeld and Lorne Michaels — makes leasing easier, which they often do for a month or more come summer. “We don’t love the August crowds,” said Nahem, “and find the rest of the year, especially June and the fall, more to our liking.”

Nahem says he and Fields never take their home for granted, though. They visit year-round; often for work, at other times to relax. “We actually have more friends here than in the city,” said Nahem, “and everyone, including us, entertains a lot.”

Among their favorite Hamptons pastimes: Running on the beach with Josie, their Jack Russell Terrier, swimming, playing tennis. “It‘s a great place to be,” Nahem said.

“Sometimes we drive up and just sit there in the driveway for a few minutes wondering, ‘How did we do all this?’”

May/June 2014 | Luxury Listings NYC | 23

COOL CONDOS

IN WITH THE NEW A look at some of the most buzzworthy developments

on the market today

T

BY STUART ELLIOTT he condo market in New York has never been hotter, with luxe towers on the rise all around the city. There are more than 70 new condo buildings with apartments for sale in Manhattan — some are technological marvels (think: a robotic parking garage), while others boast world-class amenities (like a key to the gilded gates of Gramercy Park) or have boldfaced buyers (like, say, Chelsea Clinton). Here’s a look at some noteworthy projects currently transforming the city’s real estate scene.

22 Central Park South

W

ant to live like you’re at the Plaza but at a (slight) discount?

An eight-story luxury condo conversion, 22 Central Park South, sits next to the hotel and was built by the same developer, the Elad Group.

The project currently has six full-floor apartments and a duplex penthouse available, ranging from $6.7 million to $26.5 million. The apartments feature floor-to-ceiling casement windows with treetop views of Central Park. And through a partnership with Bergdorf Goodman, located a stone’s throw away, residents will be able to access personal shopping and home-decorating services. www.22centralparksouth.com

21 East 26th Street

Y

ou’re practically guaranteed some face-time with celebrities if you move into the Whitman, a boutique condo conversion overlooking Madison Square Park. The prewar building at 21 East 26th Street has only four apartments, and already counts Chelsea Clinton as well as NASCAR star Jeff Gordon as residents. Only the four-bedroom, sixbathroom penthouse remained on the market as of press time, asking $25 million. www.thewhitman.com

A

penthouse recently sold at Chelsea’s Walker Tower for more than $50 million, breaking a record for the priciest apartment ever traded in Downtown Manhattan. But there are plenty of other units available on the lower floors of the Art Deco conversion, initially built in 1929 by architect Ralph Walker. Available homes range from a two-bedroom asking $10.5 million to a five-bedroom at $47.5 million.

Building amenities include a landscaped roof with dining area and cabana room, gym, yoga room, sauna and children’s playroom. The 24-story, 55-unit building is at 212 West 18th Street. www.walker-tower.com

24 | Luxury Listings NYC | May/June 2014

212 West 18th Street

A

t just shy of 1,400 feet, 432 Park Avenue will be tallest residential building in the Western Hemisphere when completed. Now more than halfway built, the 125-unit skyscraper has homes available ranging from $17.4 million to $79.5 million. In addition to views you’d typically get from an airplane, the Rafael Viñoly Architects — designed building has its own private restaurant, golf training facilities and a screening room. www.432parkavenue.com

432 Park Avenue

11 North Moore Street

E

leven North Moore Street in Tribeca made a name for itself after the condo residence launched sales via Instagram in October. The nine-story building, which was recently featured on Bravo’s reality TV series “Million Dollar Listing New York,” is home to 19 apartments, including a still-available $40 million penthouse.

Four other available units have asking prices between $7.2 million and $8.5 million.

The AA Studio — designed building has a doorman, a library, a courtyard and a gym. www.11northmoore.com

12 East 13th Street

I

n Greenwich Village, developers are converting a former Hertz rental-car garage into an eight-unit condo building. But they haven’t left car culture behind. In addition to a doorman and a fitness center, 12 East 13th Street will offer an unorthodox amenity: It will be the first building in the city to employ a robotic parking system, created by Park Plus. Residents will be able pull up to a private parking entrance on the first floor and leave the rest to technology. Five apartments remain on the market in the building. Prices range from $7.5 million for a three-bedroom unit to $30.5 million for the five-bedroom penthouse. www.12e13.com

W

hen you buy a luxury apartment at 18 Gramercy Park, you’ll pay typically astronomical prices — but at least you’ll also get a key to the only private park in Manhattan. The condo conversion is the work of developers Arthur and William Lie Zeckendorf and the architect Robert A.M. Stern, whose 15 Central Park West was the most-acclaimed new building in the city when it debuted in 2008. Five units are currently on the market, ranging from $9.8 million for a two-bedroom maisonette to $37.6 million for an eight-bedroom duplex. www.18gramercypark.com

18 Gramercy Park

Want to learn more about the luxury towers rising across the city? Check out our New Development Showcase, which will highlight the array of condos on the market today.

The event — held in conjunction with our sister publication, The Real Deal — will be held on May 15 at the Altman Building at 135 West 18th Street.

In addition to models and booths from more than 30 high-end projects in Manhattan and Miami, there will be panels featuring leading architects, brokers and developers.

For tickets and details, visit: TheRealDeal.com/Forum.

May/June 2014 | Luxury Listings NYC | 25

MANHATTAN MARKET ROUNDUP

HIGH-RISING MARKET

Scarcity of homes for sale and super-luxe condo developments send prices soaring

By Katherine Clarke

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pparently, the sky’s the limit when it comes to Manhattan home prices.

The average sales price for a Manhattan apartment jumped by a shocking 31 percent year over year, according to a report from appraisal firm Miller Samuel on behalf of brokerage Douglas Elliman. The average price per square foot increased by nearly 24 percent, year over year, to $1,363 in the first quarter of 2014.

“It made me nervous just because there was such a jump,” said Miller Samuel CEO Jonathan Miller.

Rising prices can be attributed to the ongoing inventory crisis, which has seen fewer than 5,000 apartments on the market at any given time. Also contributing is the upward pressure on new development pricing, the result of an overheated market for land. Competition has sent land prices above $800 per square foot in some instances, meaning developers have to aim high on pricing to maintain profitability.

The average price of high-end homes is skewing upward, thanks to a handful of luxury buildings like One57, where prices have topped $6,000 per square foot. A large number of sales closings at the building hit public records last quarter, pushing average price statistics up.

The average price in the first quarter of the year for a luxury apartment — classified the top 10 percent of co-ops and condos — was $2,706 per square foot, a 40 percent increase year over year. To be in the top 10 percent, an apartment had to close for at least $3.7 million in the first quarter, up from $2.9 million in the same quarter of 2013.

“Because of the increased cost of land, developers are only bringing units to the market on the super-high end,”

said Daniel Hedaya, president of Platinum Properties.

“The $1-million-to-$5-million range is where the depletion of inventory is the worst. I was looking, myself, to buy a twobedroom on the Upper East Side. I tried getting three apartments. Every single one, I lost out on, because it went above the asking price for all cash.”

Still, experts caution that the numbers may be somewhat deceptive.

That’s because the first quarter of 2013 was particularly weak, coming directly after a frantic fourth quarter, which saw a rush of closings ahead of an expected rise in capital gains taxes.

Nonetheless, “We’re still seeing a sharp increase in prices,” said Jeff Appel, president of brokerage Town Residential.

Median prices are also up across the board. The median price for onebedroom condos rose around 13 percent from a year earlier, while the median price for a four-bedroom jumped by 20 percent to $5.4 million. The average sales price for a co-op was up 42 percent year over year, to nearly $1.5 million.

For new development, the average sales price was $2.8 million in the first quarter of this year, a nearly 48 percent rise from the first quarter of 2013.

Meanwhile, the inventory shortage shows no signs of abating.

While a rise in permit applications for new buildings may signal a jump in the number of apartments coming up for sale, they won’t hit the market for some time.

“A permit filing means that you’re not going to see that project be marketable for at least a year or two, and then closing in two or two-and-a-half years,” Miller said.

“So, that’s really a commentary on what we’re going to see in the market in 2016,” he added.

Average price per square foot up 24%

New development

average sales price up 48%

Average price per square foot: $1,363

26 | Luxury Listings NYC | May/June 2014

Representing Manhattan’s Finest Properties

TOUR DE FORCE E 58th St. Extraordinary high floor duplex condo designed by Charles Gwathmey. Living room with 24’ ceiling. Rare combination of grand space, great light and spectacular views. 16 rooms, 6 bedrooms, 6.5 baths. Top of the line finishes. 9,000 square feet. Full service building. $98M WEB# 2569544

IMPECCABLE ON FIFTH Fifth Ave. Architectural masterpiece – private landing. 10 rooms, 3 BRs, 3.5 baths, staff room/bath, chef’s kitchen, spectacular Central Park and city views across to the West Side, the reservoir, the midtown skyline, and down Fifth Ave. There is a lovely terrace off the master BR suite, a formal DR with planting terrace and a library/media room. White glove co-op. Price upon request. WEB# 3026433 Exclusive with Sharon E. Baum

CAPTIVATING AT COLUMBUS CIRCLE

CELEBRATED WEST 11TH STREET

CPS. Stellar high floor Time Warner condo. 5 rooms, 3 bedrooms, 3.5 baths. Gracious layout. North, east and west exposures. Sensational Central Park, river and city views. Full service building with garage. $16.95M WEB# 3143219

GV. Historic 4 story townhouse located on a coveted gold coast. 5 bedrooms, 3.5 baths, 6 fireplaces, south facing garden. Elegant home with old world charm, flexible use of space plus with several modern upgrades. Move-in condition. $12.75M WEB# 2816024

Deborah Grubman I Licensed Associate RE Broker I (o) 212.836.1055 I dg@corcoran.com David B. Dubin I Licensed Associate RE Broker I (o) 212.605.9287 I ddubin@corcoran.com Paul H. Albano I Licensed RE Salesperson I (o) 212.572.3177 I pha@corcoran.com Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 660 Madison Ave, NY, NY 10065. 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.

Manhattan

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Brooklyn

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Queens

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long Island

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the haMptons

YACHT IN THE SKY 333 East 91st Street | $6,395,000 | Most magnificent renovated 3,000 sf home. Originally four-bedroom, now two-bedroom, two-and-one-half bath custom-built apartment. Dramatic city views south, east and west from walls of windows. Condo rules apply, open financing.

Pets ok. Web# 1549884. John Stathis O: 212.891.7651

FULL FLOOR PENTHOUSE LOFT 35 East 20th Street, PH8 | $6,250,000 | Great location.

4000 sf full floor, four-bedroom penthouse with roof rights.

Incredible light from 20 ft high glass atrium skylights, and 50 ft of frontage with 6 huge windows facing south.

Web# 1777881. Nicole Hechter O: 212.350.8572 C: 917.514.5874

VIEWS FROM EVERY ROOM 1165 Fifth Avenue, 14A | $5,995,000 | Dazzling light and prewar elegance greet you from every room in this classic 8, high floor corner apartment with breathtaking views of Central Park and south down Fifth Avenue. Web# 1688134.

Richard Balzano O: 212.488.8646, C: 917.449.0181 Lorie Torpey O: 212.645.4040, C: 917.767.4374

CHARMING TOWNHOUSE 58 Downing Street | $5,400,000 | Circa 1899 townhouse in ideal West Village location has been reduced. Renovated, but with classic original detail. Three-bedrooms, three-andone-half-baths, five fireplaces and a planted garden.

Web# 1624967. James Brune O: 212.206.2820 C: 917.445.8275

SIX-BED PENTHOUSE WITH VIEWS 2 Northside Piers | $5,199,000 | Massive duplex penthouse can be combined with adjacent unit 30Y as a five-or-six-bed residence. Secluded roof cabana with city and river views is fitted with gas, water and electric.

Web# 1784701. Ralph Modica O: 212.488.8622 C: 917.407.0084 | Michael Breen O: 212.488.8652 C: 860.543.1932

ELEGANT LOFT HAS IT ALL 60 East 13th Street | $4,650,000 | Triple mint corner two-bedroom, two-and-one-half-bath, 2,575 sf loft, with 16 oversized windows, 10 ft ceilings, 2-zone HVAC, chef’s kitchen, laundry, abundant closets, virtual doorman.

Web# 1779379. Harriet Norris O: 212.303.5202 Beth Friedman O: 212.702.4049, C: 212.535.1350

PRIME LOCATION OFF FIFTH AVENUE 8 East 83rd Street, 5CD/6D | $4,600,000 Sprawling sun-drenched duplex with three-four bedrooms, three full and two half baths. Oversized windows facing south towards landmark townhouses and gardens. A rare opportunity in a full-service cooperative with attended garage and dedicated storage. Pets and pieds-Ă -terre ok.

Web# 1747695. Julie Weintraub O: 212.650.4835 Laura Matiz O: 212.891.7252

TOP-NOTCH ST. TROPEZ HOME 340 East 64th Street | $1,885,000 | Grand, flowing layout with gracious living room/dining room, two huge bedrooms, two new baths, open kitchen. Newly renovated, tons of storage, W/D, open sun-filled views, top Upper East Side building. Web# 1747235. Nancy Tuber O: 212.769.9889 C: 646.872.7662

FULLY RENOVATED VINTAGE HOME 136 Jermain Avenue, Sag Harbor | $1,699,000 Imagine yourself in this romantic three-bedroom, two-bath historical home. Located in Sag Harbor Village, this gem is close to the bay, ocean beaches, restaurants, yacht clubs and shops. Web# H12334. Lynda Ireland O: 631.537.5900, C: 516.909.3311

For guIdance and InsIght on all thIngs real estate, put the poWer oF ellIMan to Work For you. askellIMan.coM

the north Fork

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rIverdale

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Westchester/putnaM

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los angeles

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FlorIda

575 Madison avenue, nY, nY 10022. 212.891.7000 | © 2014 douglas elliMan Real estate. all MateRial pResented heRein is intended foR infoRMation puRposes onlY. While, this infoRMation is believed to be coRRect, it is RepResented subject to eRRoRs, oMissions, changes oR WithdRaWal Without notice. all pRopeRtY infoRMation, including, but not liMited to squaRe footage, RooM count, nuMbeR of bedRooMs and the school distRict in pRopeRtY listings aRe deeMed Reliable, but should be veRified bY YouR oWn attoRneY, aRchitect oR zoning expeRt. equal housing oppoRtunitY.

PREMIER PENTHOUSE CONDO 299 West 12th Street, PHC1 | $10,900,000 Trophy penthouse condo with 800 sf of terraces and spectacular views. Easily the one of the best outdoor spaces in Downtown Manhattan. Paradise in the clouds.

Web# 1720502. Diane Nichols O: 212.965.6074 C: 212.561.0690 | Lida Drummond O: 212.965.6039 C: 917.673.7072

PREWAR HOUSE WITH ELEVATOR 116 East 61st Street | $12,495,000 | Renovated 5-story home has central air, Crestron system, stereo, four gas fireplaces, patio and roof terrace, flexible layout offers three or four bedrooms plus a dry basement. Web# 1535076.

Rick Friedberg O: 212.891.7064 | Stephanie KanterWeisberg O: 212.891.7627, C: 917.319.2251

TOWNHOUSE IN THE SKY 111 Jane Street, PH | $13,500,000 | This triple mint fourbedroom condo penthouse boasts over 5,200 sf of interior space and over 1,100 sf of exterior space, prewar details and Hudson River views. Web# 1744296.

Melanie Lazenby O: 212.727.6131 | Dina Lewis O: 212.727.6129

SOUTH OF THE HIGHWAY 64 Mecox Fields Lane, Bridgehampton | $7,750,000 This 4,800 sf English Country home on 1.5 acres with heated Gunite pool has five-bedrooms and four-and-onehalf-bathrooms, with a 4-car garage that can be turned into a pool house and studio. Web# H4220. Lynda Ireland O: 631.537.5900 C: 516.909.3311

SIX STORY LIVE/WORK TOWNHOUSE 119 East 38th Street | $8,350,000 | One of the largest Murray Hill townhouses for sale. Four-floor residence plus two-floor office. Four-bedroom, five-and-one-half-bath, outdoor spaces, gym/basketball court, elevator, large open office floors, with two bathrooms. Web# 1305343.

Abigail Boucher O: 212.303.5313 | Millard Dixon O: 212.350.2215

THE LEGENDARY BERESFORD 211 Central Park West, 2G | $10,000,000 | Spectacular renovation meets Old World charm at this 3,600 sf corner, three-bedroom, four-bath home, and features direct Central Park West views, new chef’s kitchen, woodburning fireplace and more. Web# 1692370.

Kevin Kelly O: 212.702.4034, C: 917.447.5367

GALLERY-STYLE LIVE/WORK LOFT 519 Broadway, 2FL | $6,500,000 | International buyers welcome. You do not have to be a famous art collector to live like one. Come home to 4,000 sf, two-bedrooms, three-baths, gallery-style full floor loft in the heart of Soho with 16 ft height ceilings. Web# 1773946. Monical Luque O: 212.712.6089

QUINTESSENTIAL TRIBECA LOFT 169 Hudson Street, 2N | $6,750,000 | This near 4,400 sf condo features beautifully restored details such as massive cast iron columns, ornamental tin ceilings, and plenty of exposed brick. Sun-filled. Web# 1779438. Jason Walker O: 212.965.6090

SIX-BEDROOM, SIX-BATH CONDO HOME 40 East 94th Street | $7,250,000 | Perched on the 31st floor you’ll experience views of Central Park, NYC skyline, and several bridges. High ceilings, 28 windows and a 17 ft open kitchen. 3,872 sf. Luxury full-service building.

Web# 1585827. Jeffrey Bua O: 212.891.7047

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1) A rendering of a Second Avenue subway station 2) Outdoor space at the penthouse at 230 East 63rd Street 3) Penthouse living room at 230 East 63rd Street

MIND THE GAP

Home prices east of Third Avenue creep up as new subway line nears completion

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In 2013, the average sales price per square foot hose looking to score a bargain on the for condos on Third Avenue and eastward increased Upper East Side have long been advised 11.4 percent from the previous year, according to to go east — east of Third Avenue, to be CityRealty. That was slightly above the 10.4 percent exact, where prices have traditionally increase for the whole area. lagged behind the tonier thoroughfares As for co-ops, the average price per square foot to the west. But as the first phase of the longwas up 7.7 percent for Third eastward — above the awaited Second Avenue subway nears completion, 5.3 percent jump for the entire area. it seems there is light at the end of the tunnel, so Those increases are playing out at places like to speak, for this long undervalued neighborhood.

230 East 63rd Street, a condo conversion with six “The whole problem with Second Avenue tradifloor-through units less than tionally is that it’s been too far half a block from Second Avaway from the subway — that’s why buyers have shied away,” There are signs the east-west enue. A penthouse there went into contract earlier this year said Richard Steinberg, a brodivide is abating — especially asking over $4 million after a ker at Warburg Realty who does bidding war that included an deals along the corridor. since the earth-shattering outfielder for the New York This lack of a subway has not blasts are over.

Yankees, according to Steinonly translated into traditional berg, who represented the debuyer reticence: It’s meant velopers; the winning bidder lower condo and co-op prices. bought with the subway in mind, he said.

In 2013, the average sales price of an Upper East So did the recent buyer of the building’s secondSide condo from Third Avenue, eastward, was $1.57 floor unit, which went to contract earlier this year million, according to an analysis from Pete Culliney for “very close” to its $3.14 million asking price. at real estate data provider CityRealty. Meanwhile, “In both cases, they felt that the Second Avenue for the Upper East Side overall, what Culliney calls Subway was an untapped resource that they were “core East Side,” it was $2.34 million. going to plan on,” he said. “They think that the propStill, there are signs that the east-west divide erty values are really a diamond in the rough there.” is abating — especially since the earth-shattering —Tom Acitelli blasts for the project’s first phase are over. The first portion of the subway line, from 63rd to 96th streets, is expected to open in 2016; it will eventually run 8.5 miles from 125th Street to Hanover Square.

30 | Luxury Listings NYC | May/June 2014

SIMPLICITY

BEYOND SOPHISTICATION

33 West 56th Street, designed by Pei Partnership Architects and I.M. Pei From the architects of unique buildings such as The Pyramid of the Louvre, the Macao Science Center and the Bank of China Head Office, comes a condominium building unlike any other. Just steps from Fifth Avenue, Central Park and the headquarters of many of the world’s most prestigious companies, the Centurion is a serene oasis in the center of vibrant Manhattan.

AMENITIES include 24 hour concierge, security, parking garage, fitness room, and even a private waterfall in one of the most elegant residential lobbies in New York. Outstanding attention to detail makes each of the apartments at the Centurion an outstanding home with lasting value.

PENTHOUSE 1A, $16.8 MILLION

The Centurion’s only full floor penthouse, and one of the few private floors in Midtown, features two private South-facing terraces, 3,365 sq. ft of indoor space, 11 ft. high ceilings, North and South exposures, and a feeling of space that you want to experience for yourself. For an exclusive tour of the Centurion and Penthouse 1A, please contact New York Residence at 212.888.5633 or call real estate broker Thomas Guss at 212.360.7000, ext. 103.

New York Residence Inc. 1501 Broadway, 26th Floor New York, NY 10036 212.360.7000

New York Residence at the Centurion 33 West 56th Street New York, NY 10019 212.888.5633

www.NYR.com

www.CenturionCondo.com

ONLY 6

APARTMENTS LEFT!

We must strive to reach that simplicity that lies beyond sophistication.

John Gardner Sponsor: MCP SO Strategic 56 LLP, c/o Green Investments, 160 Varick Street, 2nd Floor, New York, NY 10013. This is for informational purposes only. The complete offering terms are in an Offering Plan available from the sponsor.

File No. CD07-0132. This is not an offer to sell condominium units in any jurisdiction which requires prior registration and in which the Condominium is not registered. We are pledged to the letter and spirit of US 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.

UPPER EAST SIDE

NEIGHBORHOODS

Housing costs

Strange happenings

Running down the numbers

Special delivery systems

Average March sales prices

Average March rents

$438,500 $698,400 $1,502,088 $4,587,500 $5,275,684

Studio 1 bed 2 beds 3 beds > 3 beds

Studio 1 bed 2 beds 3 beds > 3 beds

$2,385 $2,652 $5,630 $12,079 $28,117

Source: StreetEasy

Fast facts

Hospital space, luxe living and chilling out this summer 652

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fter many, many months of anticipation, Sprinkles Cupcakes, on Lexington Avenue between 60th and 61st Streets, debuted its ATM in March. The machine isn’t your typical ATM, however: Instead of cash, it distributes freshly baked cupcakes. The treats cost $4.25 apiece and the machine — which is open 24 hours a day — can dispense up to four at a time.

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eanwhile, hip eyewear purveyor Warby Parker’s new Upper East Side storefront at 82nd Street and Lexington Avenue is more of a throwback: Glasses are transported between floors through a pneumatic tube system, like pieces of mail back in the day.

Number of beds at Lenox Hill Hospital, 100 East 77th Street

31

Number of units at the super-exclusive 740 Park Avenue co-op

$8.95

Price for the signature “Frrrozen” Hot Chocolate at Serendipity 3, located at 225 East 60th Street Sources: Lenox Hill, StreetEasy, Serendipity 3

Nabe news

Bye-bye, brownstone

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Pricey digs

Posh properties on the Upper East Side PRICE $95 million ADDRESS 795 Fifth Avenue TYPE/SIZE Co-op; five bedrooms, six baths, three half baths HAVE A BALL Located at the Pierre, the three-story, 16-room penthouse includes the hotel’s original ballroom.

PRICE $51 million ADDRESS 12 East 79th Street TYPE/SIZE Townhouse; 16,027 square feet GRAND PLAN Currently configured for institutional use, the new owner can transform this space into a single-family manse.

Source: StreetEasy

32 | Luxury Listings NYC | May/June 2014

he brownstone that might be the oldest building on Fifth Avenue — built shortly after the Civil War — will soon be no more. The bulk of the building, located at 815 Fifth Avenue at 63rd Street, will be demolished to make way for a 14-story high-rise. Work done over the years has obscured the property’s original Italianate look; even the city Landmarks Preservation Commission claims that “it is not one of the buildings for which the Upper East Side Historic District was designated.”

Developments

Another day, another dollar

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planned 51-story tower at 520 Park Avenue will likely have a penthouse priced at more than $100 million, which would make it the city’s most expensive condo. There’s no word yet on what sweet amenities the pad will include.

Designed by Robert A.M. Stern, the building will have 4,600-square-foot full-floor homes, as well as seven sixbedroom duplexes.

UPPER EAST SIDE, NEW YORK CITY PANORAMIC PERFECTION 2 BR, 2.5 BA | $2,195,000 | Web#9769475 Nora Ariffin 212.381.2249

FLATIRON, NEW YORK CITY

GRAMERCY PARK, NEW YORK CITY

TRIPLEX PENTHOUSE | 5 BR, 6.5 BA | $35,000,000 | Web#9419759 Stephen McArdle 212.521.5788

DESIGNER DUPLEX 1 BR, 1 BA | $1,359,999 | Web#9563765 Ivana Tagliamonte 212.381.3224

UPPER EAST SIDE, NEW YORK CITY MANSION ON PARK AVENUE 4 BR, 4.5 BA | $15,900,000 | Web#8889256 Dan Danielli 212.381.3325

MIDTOWN WEST, NEW YORK CITY

UPPER EAST SIDE, NEW YORK CITY

ULTRA MODERN LIVING 1 BR, 1.5 BA | $1,525,000 | Web#9838989 Jeff Yi 212.381.2534

GOLD COAST 6 ROOM CONDO – PARK VIEWS | 2 BR, 2.5 BA | $7,250,000 | Web#9928548 Eloise Johnson 212.381.3224

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.

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1) 15 Central Park West boasts many luxe amenities, including a pool.

2) The building has a driveway that’s largely off-limits for chauffeurs.

3) The posh condo’s lobby

PARKING PRIVILEGES Residents of 15 CPW carve a private cul-de-sac from city space

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So naturally, the building features a wide, private amously expensive 15 Central Park West is driveway accessible from West 61st Street — somesynonymous with splendor. So it might go thing that should make double-parked chauffeurs on without saying that top-tier amenities like a the street unnecessary.

75-foot sky-lit lap pool, a climate-controlled However, building management dislikes chaufwine cellar and an in-house chef come with feurs haunting the building’s interior courtyard, makyour condo. But one perk that won’t be found in the ing the outside area painted with diagonal lines the tower’s marketing materials is a private parking culde facto waiting area. de-sac operating on the fringes of legality.

“They [the police] do give us a courtesy, and ask Just north of the building, chauffeurs politely douus to move at times when it’s necessary,” a driver, ble park in a two-lane-wide, no-parking area that’s who declined to be identified to created by the tapering of the protect his clients’ privacy, told southbound lanes of Central Park the Times. “And if they ask you West at 62nd Street. Reportedly, a Just north of the building, to move, you move.” However, smartly dressed doorman manchauffeurs politely double the driver added that since he ages the waiting vehicles, which began chauffeuring at the buildcan reach about a dozen at a time, park in a two-lane-wide ing in 2008 he has seldom been asking drivers to move up or fill no-parking area. asked to move. Drivers said that empty spaces. film shoots and special security The New York Times decided concerns are the only circumto test the limits and legality of stances under which the police will approach them. the ritzy parking system by parking a 2006 Acura “The problem here is an accumulation of privileges, outside 15 CPW for an hour. privileges for the visitors to those buildings, for the “Do I have to worry about the police bothering me?” tenants, and for the police,” said Roberta Brandes the New York Times reporter asked two drivers as Gratz, an urban scholar and author who lives in the she waited. “Not really, not much,” one man, standCentury, directly north of 15 CPW. ing outside a Mercedes S.U.V., replied. “As long as But other neighbors were more nonchalant about you are in the car. But I can’t guarantee.” As expected, the loss of public curb space to 15 CPW residents. nothing happened.

“Personally, I don’t care,” said Jocelyn Boasting bold-name residents — such as the muNormand, whose mother lives in the Century. sician Sting and Lloyd Blankfein, CEO of Goldman Sachs — and listings like an 11-room apartment ask- “It’s New York City — there’s nowhere to park.”

—Christopher Cameron ing $65 million, the limestone condominium attempts to provide the pinnacle of luxury for its residents.

34 | Luxury Listings NYC | May/June 2014

NEIGHBORHOODS

UPPER WEST SIDE

Housing costs

Strange happenings

Running down the numbers

(Not) everyone in the pool

Average March sales prices Studio 1 bed 2 beds 3 beds > 3 beds

$418,799 $748,993 $1,355,985 $3,891,666 $6,602,235

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

$2,294 $3,000 $4,835 $9,099 $14,282

S

Source: StreetEasy

ome tenants of Windermere West End, a 23-story building at 666 West End Avenue, are steamed over the recent decision to allow a private swimming school to use the building’s new pool — because residents who pay below-market rents aren’t allowed to use the facility, according to the Daily News. Along with the pool, the building’s management added a playroom and lounge, as well as renovated the roof deck, but restricted use to market-rate tenants. Several lawmakers are taking a stand against such separation — other neighborhood buildings have been accused of similar actions — but in the meantime, rent-controlled residents are welcome to sign up their children for swim classes (and pay for them).

Fast facts

Heavy-duty cookies, the married life and lots of green space 6

Big deal

Weight, in ounces, of the chocolate chip walnut cookie at Levain Bakery, 167 West 74th Street

Gross profit

40%

Percentage of the Upper West Side’s 204,629 residents who are married

843

Size, in acres, of Central Park Sources: Levain Bakery, Zillow, CentralPark.com

Pricey digs

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ichael Gross, who recently released a book on 15 Central Park West, has real estate news of his own. The writer sold his two-bedroom coop digs at Alwyn Court, located at 180 West 58th Street. The pad entered contract in March for $2.9 million. It boasts 11-foot ceilings, a 30-foot parlor and parquet floors.

Posh properties on the Upper West Side PRICE $29 million ADDRESS 15 Central Park West TYPE/SIZE Condo; five bedrooms, five baths, one half bath; 4,077 square feet

Celebrity watch

Hamm on it

DECKED OUT There is 3,088 square feet of private outdoor space.

PRICE $27.5 million ADDRESS 535 West End Avenue TYPE/SIZE Condo; seven bedrooms, seven baths, one half bath; 8,451 square feet SPREAD OUT This highly perched unit encompasses the whole floor.

Source: StreetEasy

“Mad Men” star (and stud) JON HAMM is nearly complete with the renovation of his penthouse at 40 WEST 67TH STREET. Hamm and his partner, actress Jennifer Westfeldt, purchased the approximately 1,000-square-foot pad — small for a penthouse, but inside a coveted building designed by Rosario Candela — last spring for $2.45 MILLION. The twobedroom, two-bath co-op boasts two terraces and a wood-burning fireplace.

May/June 2014 | Luxury Listings NYC | 35

2 1 3 1) A sitting area at Rarities 2) A glass case holds the superpremium pours.

3) The lobby of the New York Palace hotel

RARE FIND

Elite new bar Rarities offers privacy and super-pricey pours at $3,000 a glass

V

While Rarities is open to the (deep-pocketed) pubiewed from the outside, it might easily be lic with a reservation, membership grants you the mistaken for a storage closet. But step keys to the kingdom — in the form of an electronic fob. through an unmarked door in the sumpFor $15,000 a year, members receive 12 rare bottles of tuous, landmarked lobby of the New York wine hand selected by Lorenz, each priced between Palace hotel and you’ll be greeted by a $500 and $1,000, plus 12 nights in the tower’s hotel richly appointed Gilded Age clubroom. suites — including the $25,000-a-night, 5,000-squareThis is Rarities, perhaps New York City’s most exfoot Champagne suite. clusive bar and club, which at full capacity will boast “We get a good cross section of people in here,” Loabout 28 members, a source close to the bar said. renz said. “We have some really casual people, who Here, a motley mix of millionaires (financial gurus and come here in jeans and T-shirts, rappers alike) swill the most preand we have the more formal cious spirits known to man — at A motley mix of millionaires crowd, too.” extraordinary prices, of course.

Like in any barroom, some Fancy some Louis XIII de Rémy swill the most precious patrons have let loose when orMartin Rare Cask cognac? That spirits known to man — at dering drinks. One source, who will set you back $3,120 a pour. preferred anonymity, recalled an Have a taste for Burgundy? A liter extraordinary prices. evening when a party downed an of the 1985 Romanee-Conti Grand entire liter bottle of Louis XIII coCru can be yours for $27,000. gnac — a roughly $53,000 bar tab, assuming that each Rarities opened in November in the Villard Manpour was about two ounces. sion — a Stanford White-designed building that’s now Some of the club’s other prized spirits include a the courtyard entrance of the New York Palace hotel.

1974 Ardbeg scotch ($1,285 a dram), an 1855 Fladgate Built in 1882, the sprawling home was commissioned “Scion” Port ($485 a glass) and the popular Hannisville by journalist, financier and railroad magnate Henry Rye Whisky (a relative bargain at $175 a dram).

Villard. Almost 100 years later, the mansion was in“I don’t know if anyone really has the palate to fully corporated into a modern hotel tower, which recently appreciate some of these wines and spirits,” Lorenz underwent a dramatic $140 million renovation. admitted.

“To be honest, as expensive as it is, we have some “You are ordering a piece of history and tasting of the lowest margins in the entire building,” said Rarisomething very unique that very few people will ties sommelier Justin Lorenz, whose previous gig was ever have the opportunity to experience. It’s very with chef Jean-Georges Vongerichten.“It is just a cool exciting.” — Christopher Cameron and unique thing we can offer our guests that no one else in New York City can.”

36 | Luxury Listings NYC | May/June 2014

NEIGHBORHOODS Housing costs

Nabe news

Running down the numbers Average March sales prices Studio 1 bed 2 beds 3 beds > 3 beds

MIDTOWN

$525,999 $1,007,500 $1,360,714 $4,300,000 N/A

The lost art of the bookstore

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

$3,210 $4,214 $7,702 $34,996 N/A

Source: StreetEasy

Fast facts

Gratis museum time, a pricey omelette and serious shopping 4 Number of hours on Fridays — from 4 p.m. until 8 p.m. — during which admission at MoMA is free

$28

T

he Rizzoli Bookstore at 31 West 57th Street is no longer. The famed store shut its doors in April, just one day after the city Landmarks Preservation Commission denied giving the building interior landmark status. Now, the owners will demolish the building. There’s no word yet on what will rise on the site.

Business

Bienvenidos

Price for a caviar omelette at the Russian Tea Room, located at 150 West 57th Street. The dish comes topped with red caviar, sour cream and herbs.

45

Retailers at the Shops at Columbus Circle, located in the Time Warner Center. The roster includes Whole Foods, Tumi and Pink.

Sources: MoMA, Russian Tea Room, the Shops at Columbus Circle

Pricey digs

Penthouses on the market in Midtown PRICE $60 million ADDRESS 20 West 53rd Street TYPE/SIZE Condo; five bedrooms, five baths, one half bath; 7,381 square feet

M

exican eatery Choza Taqueria opened its third, and largest, location at 100 Park Avenue between 40th and 41st streets on May 1. The 1,000-square-foot space serves up northern Mexican goodies, like tacos, burritos and sandwiches. The brand’s other outposts are in Flatiron and the West Village.

Celebrity watch

Diddy’s musical retreat

FLY HIGH This duplex penthouse has 360-degree views and 14-foot ceilings.

PRICE $50 million ADDRESS 70 West 45th Street TYPE/SIZE Condo; five bedrooms, seven baths, one half bath; 8,263 square feet SWEET FEATURES This 3.5-floor residence has four open exposures.

Source: StreetEasy

Hip-hop music mogul SEAN “DIDDY” COMBS listed his Park Imperial spread for $7.9 MILLION in March. The 66th-floor home at 230 WEST 56TH STREET has a Crestron system that controls sound in all the home’s rooms, a 90-inch built-in flat-screen television and, fittingly, a piano room. Diddy previously listed the home in 2012 for roughly $8.5 million.

May/June 2014 | Luxury Listings NYC | 37

The United Charities Building, which dates to 1892, is now on the market as a residential conversion.

CASHING OUT

Nonprofits are raising funds by selling historic headquarters on ‘Charity Row’

S

sive headquarters. But recently a wave of building eemingly no New York City institution, no sales has emptied the corridor of its nonprofit organimatter how old or venerable, is immune zations. Most of the regal stone towers are being conto the allure of a profitable condo conververted into condos, as the neighborhood has become sion. Now, one of the last of the philanan increasingly desirable residential district. thropic institutions that once filled a threeIn December, the Xavier Society for the Blind got block stretch of East 22nd Street and Park Avenue $9 million for its headquarters at 154 East 23rd Street, South — known as Charity Row — has hit the market. moving into a sublease at 2 Penn Plaza. And last fall, Since it opened in 1892, the nine-story, 110,000United Cerebral Palsy of New York City sold its foursquare-foot United Charities Building housed three story building at 122 East 23rd Street to Toll Brothers well-respected anti-poverty organizations. But last for $135 million. UCP will relomonth, UCB’s charities began cate to the Upper West Side by marketing the building at 105 East the end of the year; Toll is plan22nd Street as a residential con“Our mission is about ning luxury condos for the site. version that could fetch north of serving the poor, But it isn’t just revered Char$100 million, the building’s broker ity Row organizations that are and board members told the Wall not preserving a beautiful, struggling to hold onto their Street Journal. historic building.”

Manhattan headquarters in the A sale at that price would proface of soaring residential prices. duce a windfall for the Commu—David Jones, Community Service Society Recently, the New York Foundnity Service Society of New York, ling, an agency that assists which owns a 50 percent stake underserved children, families in the building, as it would for the and adults with disabilities, put its Greenwich VilChildren’s Aid Society and the New York City Mission lage building on the market asking $47.5 million. And Society — each holding 25 percent stakes. the Center for Fiction, a nearly 200-year-old non“The moment is now,” Dan Lehman, secretary of the profit, known for hosting writers like Mark Twain and UCB board and chief financial officer of Children’s Aid, Frederick Douglass, put its Midtown East home up for told the Journal. “Our organizations no longer feel the $18 million. strong, compelling operational need we once had to “Our mission is about serving the poor of New York be headquartered on Charity Row when we can realCity, not about preserving a beautiful, historic buildize exceptional value from our real estate.” ing,” David Jones, president and CEO of the CommuFor nearly a decade now, Charity Row nonprofits nity Service Society, said. — Christopher Cameron have cashed-in on their imposing and often outdated 19th-century buildings, slowly moving to less expen-

38 | Luxury Listings NYC | May/June 2014

NEIGHBORHOODS Housing costs

Developments

Running down the numbers

Medical miracle

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

GRAMERCY/FLATIRON

Average March rents

$562,000 $954,867 $2,250,000 N/A N/A

Studio 1 bed 2 beds 3 beds > 3 beds

$2,477 $3,523 $4,270 $6,534 $19,997

Source: StreetEasy

Fast facts

Beer al fresco, neighborhood singles’ club and 10 years of Shake Shack 10 Number of beers on draft at Eataly’s rooftop Birreria, located at 23rd Street and Fifth Avenue

58%

Percentage of Gramercy’s 56,417 residents who are single

2004

Year in which Shake Shack opened its first permanent location in Madison Square Park

T

he renderings are out for the new residential iteration of the former Cabrini Medical Center at 224 East 20th Street, and they look shiny.

The project’s builders originally aimed to create 250 units of housing across four buildings, but those plans were denied. New plans have been revealed for one of the buildings, located at 228 East 20th Street, which will have bike storage, a swimming pool and a rooftop recreation area.

Business

North of the border

Sources: Eataly, Zillow, Shake Shack

Pricey digs

High-end rentals in Gramercy and Flatiron PRICE $50,000/month ADDRESS 135 East 15th Street TYPE/SIZE Townhouse; five bedrooms, eight baths; 8,524 square feet LIKE A VIRGIN This property has never been lived in, according to the listing.

C

afe El Presidente, a two-story Mexican marketplace located at 30 West 24th Street between Fifth and Sixth avenues, is a tasty new addition to the neighborhood. The centerpiece of the market is the sit-down taqueria called Tacos Madison; there is also a made-to-order tortilleria, a juice bar, a coffee bar, as well as grocery items for sale.

Big deal

Foxy digs

PRICE $37,500/month ADDRESS 17 East 17th Street TYPE/SIZE Four bedrooms, three baths, two half baths; 4,000 square feet across three floors ENJOY THE WEATHER There’s 1,500 square feet of outdoor space.

Source: StreetEasy

Big score for media titan RUPERT MURDOCH, who bought the top four floors of One Madison for $57.3 MILLION. Though not joined together at the time of purchase, Murdoch bought floors 57 through 60, which include two units: a triplex penthouse and a three-bedroom home on the floor below. They total 10,160 square feet. The penthouse, with five bedrooms and 5.5 bathrooms, was listed for $50 million; the other unit asked $16.5 million.

May/June 2014 | Luxury Listings NYC | 39

1 4

2 3

1) Rendering of 505 West 19th Street 2) The Abington House at 500 West 30th Street 3) Zaha Hadid’s 520 West 28th Street 4) Rendering of 508 West 24th Street

HIGH LIFE

New, starchitect-designed buildings draw inspiration from Chelsea’s elevated park

S

A tower flanking the High Line has become a everal new Chelsea developments defeather in the cap for top architects. “It’s its own signed to frame the High Line are emshow,” said architect and developer Cary Tamarbracing the elevated park in ways not kin, whose condo project at 508 West 24th Street is seen since hotelier Andre Balazs comon the market. “It’s probably the densest display of missioned the Standard Hotel to appear starchitecture in the city.” as though hoisted above it.

“The High Line has created a perch from which At 505 West 19th Street — a two-tower condominiarchitects’ works are being viewed and judged on a um designed by Danish architect Thomas Juul-Hanlevel never seen before in Manhattan,” said Leonard sen — a shared lobby between the buildings sits diSteinberg, a broker at Douglas Elliman. “The High Line rectly beneath the High Line, giving residents a view crowd is akin to the architectural of the park’s metallic underside police, and they’re harsh!” through an expansive skylight.

Developers are limited by Five of the 35 apartments went “The High Line crowd is how much buildings can interon sale in March, asking between akin to the architectural act directly with the park, so $2.24 million and $7.4 million. they look instead to emulate it.

The Abington House bookpolice, and they’re harsh!”

Stern tried to match the High ends the High Line, thanks to its —Douglas Elliman broker Line’s look and feel on the 30th position at the end of the park’s Leonard Steinberg Street building’s façade by ussecond phase at 30th Street and ing metal casement and black Tenth Avenue. From there, the metal framed panels of variegated brick. On the third park’s final phase, slated to open this year, veers west floor, a tenants’ garden abuts and seems to extend toward the Hudson, and then turns north along Elevthe park. Inside, Clodagh Design used furnishings enth Avenue, ending at 34th Street. harkening to West Chelsea’s industrial past, like dark“While all the other sites are along the High Line, ened metal columns with rivets and reclaimed wood. this is literally on top,” said Ben Joseph, a senior vice “Our building responds to the industrial character president at developer the Related Companies, of the that attracted people to the High Line neighborhood Robert A.M. Stern–designed tower. “You’re looking in the first place,” Stern said. “It was our intention to straight down the High Line, all the way to 14th Street.” design the building to look like it belongs, perhaps Apartments at the 312-unit luxury rental range from like it has always been there.” — Katherine Clarke $3,000 to $5,400 a month.

Pritzker Prize–winning designer Zaha Hadid is working on a boutique condominium at 520 West 28th Street featuring a futuristic, muscular black façade.

40 | Luxury Listings NYC | May/June 2014

NEIGHBORHOODS

CHELSEA

Housing costs

Developments

Running down the numbers

Fresh housing stock

Average March sales prices $688,500 $935,100 $1,980,187 $6,785,875 N/A

Studio 1 bed 2 bed 3 bed > 3 beds

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

$3,185 $3,946 $6,681 $11,931 $12,113

Source: StreetEasy

Fast facts

Chelsea’s spread, a lovely drink and life before the High Line 0.774 Size, in square miles, of Chelsea

$15

G

et ’em while they’re hot! The first seven homes in the 32-unit, eightstory, limestone façade condo 500 West 21st Street hit the market in February. The next batch is expected to roll out sometime this spring.

Prices span $2.2 million for a one-bedroom, one-bathroom to $8.45 million for a home with four bedrooms and four bathrooms.

Nabe news

Feel the noise

Price for the Elevation cocktail at Buddakan, at 75 Ninth Avenue, which has Bacardi Gold, goji berries, king’s ginger and honey

46

Years in which the High Line operated as a freight rail line, from 1934 to 1980 Sources: City-Data, Buddakan and the High Line

Pricey digs

Chelsea’s most expensive rentals PRICE $75,000/month ADDRESS 212 West 18th Street TYPE/SIZE Four bedrooms, four baths, one half bath; 4,871 square feet

R

esidents who live near the Hudson Yards development site on the far West Side are staying up all night, and it’s not because of a party. The companies in charge of the massive construction project have permission to work around the clock, and it’s keeping residents up all hours. Constant shouting, jackhammering and revving equipment are leading some nearby renters to break their leases and look for new accommodations.

Big deal

Deep-pocket Moffitt

HOT FEATURE The only Walker Tower home with two southfacing terraces.

PRICE $38,000/month ADDRESS 200 11th Avenue TYPE/SIZE Three bedrooms, three baths, one half bath; 2,391 square feet VROOM ROOM The building’s “Sky Garage” allows you to park your vehicle right next to your unit.

Source: StreetEasy

After the $50.9 MILLION Walker Tower penthouse sale broke a Downtown record in January, rumors began to circulate about the buyer’s identity. According to the New York Post, it’s NEIL MOFFITT, the CEO of nightclub and restaurant brand Hakkasan. He reportedly toured the 212 WEST 18TH STREET unit for less than five minutes and declared, “I’ll take it.”

May/June 2014 | Luxury Listings NYC | 41

Photo Credit: James Klosty

2 1 3 1) The courtyard at Westbeth, the rentregulated artists’ community 2) The Westbeth Artists Housing Complex at 55 Bethune Street 3) A rehearsal at Westbeth in 1972

ART VS. REAL ESTATE As the Village gentrifies, a famed artists’ community shrinks

A

stairs. Legally, Westbeth’s basement was intended s New York City’s flourishing luxury maronly for storage, and most residents paid little to no ket drives prices as high as the rising new rent for access to the extra space, even now as the condo towers springing up all over, artists building owner, the nonprofit Westbeth Corporation, are struggling to find their place in an instruggles financially after spending $5 million on creasingly unaffordable Manhattan.

Sandy related repairs.

During Hurricane Sandy, the basement of WestSo it’s hardly surprising that the owner would look beth, the rent-regulated artists’ community in the at its basement as an opportunity to raise some revWest Village, flooded. For years the building’s baseenue. According to the Times, Westbeth has hired ment was used as studio space, but recently tenants Denham Wolf Real Estate Services to market 70,000 learned that a real estate broker is marketing the square feet of the building, inspace to a commercial tenant. cluding three-quarters of the “This was such a magical place,” basement. Stephen Powers, a Christina Maile, 69, told the New “With artists, it isn’t just broker at Denham Wolf, estiYork Times. “With artists, it isn’t the affordable apartment; mates Westbeth could earn as just the affordable apartment; much as $2 million a year in rent you also need an affordable stuyou also need an on the space. Possible tenants dio — a place to call your own, to affordable studio.” could include non-profit groups. misquote Virginia Woolf.”

—Westbeth resident Christina Maile Westbeth plans to set aside Designed by New York archi6,000 square feet in the basetect par excellence, Richard Meier, ment for the artists, creating Westbeth opened in 1971, and was about a dozen new studios — studios that will rent at one of the first buildings in the city to convert obsomuch higher prices due to construction costs. lete industrial space into housing for artists. The city Nevertheless, residents feel that losing the space landmark occupies an entire city block at West and to a tenant will come as a blow to the area’s artistic Bethune Streets and houses 384 affordable apartprowess. “We know that we are blessed to be here,” ments — think $1,400 for a three-bedroom duplex in Jane Klein, 43, a photographer who grew up in the the West Village, where the average one-bedroom building, said. “But we are poor people living in an exgoes for approximately $3,827, according to data from traordinarily expensive neighborhood. Most of us go the residential brokerage MNS. outside the neighborhood to do our grocery shopping.

And although each of Westbeth’s units was deAnd many of us won’t be able to afford these new stusigned as a live-work space, they often proved too dios, if they are ever built.” — Christopher Cameron small for artists working in large mediums. The obvious solution for these residents was to move down-

W

“If Le it wou

“Th 42 | Luxury Listings NYC | May/June 2014

WHAT THE WORLD HAS TO SAY ABOUT WHAT AVENUES: THE WORLD HAS TO SAY ABOUT THE WORLD SCHOOL

AVENUES: THE WORLD SCHOOL “World Class: a Superschool for the Global Age” - LONDON TELEGRAPH

“Perhaps no school in the nation has “Middle and high school classes are WWW.AVENUES.ORG integrated digital tools into the conducted by the “Harkness method”, classroom on the scale of Avenues.” ...developed at Phillips Exeter Academy,

“World Class: a Superschool for the Global Age” captured “Has perfectly

“Perhaps no school the nation has where students teacher sit classes are “Middle andand high school - WALL STREETin JOURNAL* WWW.AVENUES.ORG around an oval table rather than... integrated digital tools into the conducted by the “Harkness method” rows of desks.”

“Avenues the zeitgeist” classroom on has thetaken scaleManhattan of Avenues.” ...developed at Phillips Exeter Academ - LONDON TELEGRAPH - CHINA DAILY by storm.”

- BLOOMBERG where students and teacher sit - WALL STREET JOURNAL* - NEW YORK TIMES around an oval tableand rather than...

To learn more about Avenues “Has perfectly captured “If Leonardo Da Vinci had built a school, fall 2014 admissions, visit rowsplease of desks.”

“Avenues has taken Manhattan the zeitgeist” it would be Avenues: The World School.”

“A New Species of School”

- MILK (Paris) - BLOOMBERG

by storm.”

- ITALIAN VOGUE

“The idea behind Avenues is to build eonardo Da Vinci had built a school, and export a model school uld be Avenues: The World School.” for the world.”

“Equipping pupils to prosper in the global economy is at the core of the “A New Species of School” Avenues curriculum.”

- NEW YORK TIMES

- MILK- JORNAL (Paris) DA GLOBO

- -ITALIAN VOGUE THE ECONOMIST

he idea* Reprinted behind Avenues is to build “Equipping pupils to prosper in from THE WALL STREET JOURNAL. ® 2012 Dow Jones & Company, Inc. All Rights Reserved. and export a model school the global economy is at the core of the for the world.”

Avenues curriculum.”

avenues.org or call 646.664.0800.

- CHINA DAILY

To learn more about Avenues and fall 2014 admissions, please visit avenues.org or call 646.664.0800.

GREENWICH VILLAGE

NEIGHBORHOODS

Housing costs

Business

Running down the numbers

Getting crafty

Average March sales prices Studio 1 bed 2 bed 3 bed > 3 beds

Average March rents

$522,375 $1,535,042 $1,689,166 $4,326,666 N/A

Studio 1 bed 2 beds 3 beds > 3 beds

$2,945 $4,032 $6,818 $12,160 $23,662

Source: StreetEasy

Fast facts

One for the ages, “Sex and the City” scenes and some bakery history 40 Median age of the West Village’s 23,884 residents

$41.65

I

n need of a watering hole? Arts and Crafts Beer Parlor — as in craft beer, get it? — which recently opened at 26 West 8th Street, serves up snacks, wine and beer, but does not have a full liquor license. Its owner, a 25-year vet of the FBI named Don Borelli, promised the local community board to be a good neighbor and not secure a full license after they raised concerns that lots of bars in the area already had them.

Developments

Price for an adult ticket for the “Sex and the City” Hotspots Tour, which makes time for participants to check out boutiques on Bleecker Street — just like the show’s characters

1966

Year in which Magnolia Bakery opened its first outpost at Bleecker and West 11th streets Sources: Zillow, On Location Tours, Magnolia Bakery

Pricey digs

Greenwich Village’s most expensive townhouses PRICE $27.9 million ADDRESS 80 Washington Place

Garage Mahal

P

rogress is afoot at the garage-to-condo conversion 17 East 12th Street; there is now signage and a live teaser site. The 11-story building will have nine full-floor homes measuring 4,500 square feet, with a duplex capping the top two stories.

No word yet on pricing, bedroom and bathroom count or amenities.

Celebrity watch

House of Hoffman

TYPE/SIZE Five bedrooms, seven baths, one half bath; 8,757 square feet across seven floors HIGH NOTES This home was formerly owned by musical great John Philip Sousa.

PRICE $24.995 million ADDRESS 20 East 10th Street TYPE/SIZE Five bedrooms, three baths LIVE LARGE The top-floor family room has a skylight; the double parlor features a pair of fireplaces.

Source: StreetEasy

44 | Luxury Listings NYC | May/June 2014

The West Village pad where late actor PHILIP SEYMOUR HOFFMAN lived appears to be on the rental market. For $9,995 A MONTH, you can occupy the two-bedroom, 1,100-squarefoot spread at 35 BETHUNE STREET, where Hoffman reportedly died in one of the two bathrooms. The unit’s availability is contrary to previous reports that the home rented the day after hitting the market in March.

DAZZLING DUPLEX ON E. RIVER Gracie Square.

GEORGE S. BOWDOIN HOUSE Murray Hill. Historic Dutch Renaissance Revival 1902 exterior with modern 3 story interior built 25’x98’ make this a great one of a kind single family residence. FAR 4. $7.999M. WEB# 9950795.

Brahna Yassky 212-906-0506

Loft-like architectural masterpiece, soaring ceilings, incredible light. Terrace. 11 rooms, 4BR, library, 4.5 baths, 3 fireplaces. Impeccable. $13.5M. WEB# 9872605.

Kathryn Steinberg 212-396-5868 CANDELA 8 ROOm ON PARK AVENUE East 95th Street/Park Avenue. Large 8 room apartment in excellent condition. 4BR, 3 bath, all major rooms on Park Avenue.

Private entry, huge gallery, prewar detail, wood burning fireplace. Washer/dryer, gym in full-service white-glove Co-op. $5.1M. WEB# 9726953.

Katharine Tuckerman 212-906-9222 Edith F. Tuckerman 212-906-9228 2 BEDROOm, 3 BATH IN TRUmP PALACE Upper East Side. City views North, E, and South and measures 1,653SF. Master bedroom is 22’x21’ and second bedroom is 12’x24’. Dining room, balcony, upgraded kitchen, custom built-ins, and Miele washer/dryer. $3.45M. WEB# 9924416.

Penny Toepfer 212-906-9250 HIGH FLOOR 1 BEDROOm WITH TERRACE Gramercy Park. Fully renovated 1BR home, move-in ready. Dramatic crown moldings, genuine oak wood floors, window in every room, and top-of-the-line appliances. $625K. WEB# 9950680.

Elaine Clayman 212-906-9353 Justine Bray 212-906-9253

Annie Rose

Brahna yassky

Elayne Roskin

THE WILLIAm PANDOLPH HEARST PENTHOUSE

PANORAmIC CENTRAL PARK VIEWS UWS. Trophy Grand penthouse on 51st floor with floor-to-ceiling windows, 4BR, 4.5 baths, corner living rm, dining rm, library, windowed gourmet eat-in kit, spanning 4,950SF, 5-star hotel services. $43M. WEB# 9998958.

Cathy Franklin 212-906-9236 Alexis Bodenheimer 212-906-9230

West 80s/RSD. Incomparable views of Hudson River.

17 rooms, 7BR, 6.5 baths. 15-foot ceilings in living room. True chateau in the sky. Extraordinary. $38M. WEB# 9764796.

Paula Del Nunzio 212-906-9207 ImPORTANT PARK BLOCK HOUSE West 70th Street. Formerly home to Perry Ellis, 5-story, 20-foot wide, 7,200SF single family with elevator. Art Deco baths, a French country kitchen and dreamy garden. $17.95M. WEB# 4038723.

Wolf Jakubowski 212-588-5630 EXQUISITE mIDTOWN WEST 2 BEDROOm West 46th Street. High floor, panoramic city views. Mint kitchen appliances, washer/dryer, 2BR, 2.5 baths. Combo living/dining room. Floor-to-ceiling windows. Full-service condo: gym, yoga studio, spa lounge, garage. $2.495M. WEB# 9880278.

Elayne Roskin 212-906-9336 Burt Savitsky 212-906-9337 THE NEW WEST CONDOmINIUm West 90th Street.

2BR, 2.5 bath duplex with 25-foot terrace in full-service building. Large windows and open views. Gym with pool.

Near Riverside Park and short commute to Columbia University. $1.995M. WEB# 9981583.

L. Elese Reid 212-396-5861

ONE-OF-A-KIND TRIBECA LOFT TriBeCa. Stunning

loft with floor-to-ceiling doors, exposed wood frames and gigantic living and lounge areas. Also features beautifully planted and furnished patio. $7.5M. WEB# 9445185.

Filipacchi Foussard Team 212-452-4468

Erin Boisson Aries

Fritzi Kallop

John B. Glass

margaret H. Velard

NOLITA 2 BEDROOm PENTHOUSE WITH TERRACE

2 BEDROOm, 2.5 BATH WITH WATER VIEWS Chelsea. Large Jean Nouvel newly designed condo with 3 exposures.

Great light and open city views with open floor plan really make this full-service building a must see. $4.2M. WEB# 9456916.

Bill Roche 212-906-0523

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 SPACE, LIGHT, VIEWS Downtown. Gorgeous sun flooded 2BR, 2 bath full-service condo, private gym, Baulthop kitchen, 10’ ceilings, washer/dryer, private storage $2.79M. WEB# 9708087.

Thomas Hemann 212-906-0580 UTTERLy CHARmING PREWAR 4 ROOm Greenwich Village. Sun-filled and picturesque views off 5th Avenue’s Gold Coast. Beautiful details, high ceilings, and 35 feet of frontage onto one of Greenwich Village’s prettiest streets.

Full-service elegant Co-op. $1.995M. WEB# 9465223.

Arabella Greene Buckworth 212-588-5614

micole S. Joory

Natalie Rabaa

Norah Burden

AWARD-WINNING BKLyN HEIGHTS TOWNHOUSE

Brooklyn Heights. Rare, 25 feet wide, 5,600+/-SF, lovely private garden, windows on 3 sides, elevator, 5 working fireplaces, 8BR, 6 baths, orig wrought iron, details galore. $7.8M. WEB# 9934333.

Kenneth Mandelbaum 718-858-4887 28-FOOT WIDE NEO-FEDERAL TOWNHOUSE

Ditmas Park. Gorgeous details abound in this charming Historic District 4BR, 2.5 bath home. With sunny kitchen, formal dining room, wood burning fireplace, skylit sun room, and extra deep south garden. $1.275M. WEB# 9286173.

Andrew VanDusen 718-399-4117 SPACE, LIGHT AND VIEWS Brooklyn Heights. Great layout 2BR, 2 bath in full-service prewar elevator building in central Brooklyn Heights location. Updated kitchen, amazing closets. Close to transportation, restaurants, shopping. $950K. WEB# 9819676.

Nancy Giddins 718-858-3914

Richard F. Ferrari

Sallie G. Stern

1+ WITH PRIVATE TERRACE, WOOD BURNING FPLC

ELEGANT HEIGHTS CLASSIC 6 Brooklyn Heights. Architect-designed, total renovation of 3BR, 3 bath gem. Premier Heights Co-op. The best of prewar detail combined with simply elegant modern style. $2.5M. WEB# 9947844.

Joan Goldberg 212-452-4471

Park Slope. Large master bedroom with bay window and office; renovated, open chef’s kitchen with Wolf, Bosch, and Liebherr appliances. Private terrace off living area. Half block from Park. $849K. WEB# 9880078.

Wendy Stephenson 718-399-4149 Talia Kahn

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.

We define our neighborhoods as much as they define us.

33 Irving Place 212.557.6500

110 Fifth Avenue 212.633.1000

26 Astor Place 212.584.6100

730 Fifth Avenue 212.242.9900

239 East 79th Street 212.929.1400

337 West Broadway 212.924.4200

530 LaGuardia Place 212.557.5300

88 Greenwich Street 212.269.8888

446 West 14th Street 212.604.0300

33 Irving Place 212.557.6500

TOWN Residential, LLC is a partnership with 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”).

441 EAST 57TH STREET

4 BR, 5 BATH • WEB ID: 990936 • $12.75 M VALERIE JEAN GARDUNO 646.790.2607 DEBRA STOTTS 646.300.6052

145 EAST 76TH STREET

325 EAST 50TH STREET - TH

4 BR, 3.5 BATH • WEB ID: 232440 • $6.995 M BRETT MILES 646.998.7427 SUSAN GREEN 646.998.7428

37 GREENE STREET

4 BR, 3.5 BATH • WEB ID: 696832 • $5.995 M GINGER BROKAW 646.998.7408

3 BR, 2 BATH • WEB ID: 874096 • $5.498 M DANNY DAVIS 646.588.4052

70 WEST 3RD STREET

446 3RD STREET

3 BR, 2 BATH • WEB ID: 181463 • $4.5 M KEITH WOO 646.790.2631

3 BR, 3 BATH • WEB ID: 566726 • $2.275 M JILL CAMAC 646.738.2663

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1) Little Italy today 2) The scene on Mulberry Street, circa 1900 3) Penthouse at 176 Mulberry Street 4) Umberto’s Clam House, a nabe fixture since 1972

CIAO BELLA

Rising rents and changing attitudes spell the end of Little Italy

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Little Italy Historic District” — and new development oping to spend a sunny spring day eating and increased demand for real estate has pushed and shopping in Little Italy? Pretty soon Soho south and east. you can fuhgeddaboudit.

The Italian population has dwindled considerably, The micro-neighborhood — centered too. In the early 1900s, nearly 10,000 Italians lived on three blocks of Mulberry Street, bein Little Italy, which was once bordered by Lafaytween Broome and Canal streets — once spanned 50 ette Street and the Bowery, and Kenmare and Canal square blocks, according to the New York Post. Now, streets, according to the Post. Following World War II, however, a combination of rapidly rising rents and many residents fled to the outer boroughs; by 2010, shifting demographics is threatening the historic not one resident of the neighborhood was born in Italy, neighborhood to such an extent that it’s on the verge according to census reports. of disappearing entirely.

Increasingly, the area’s de“You can’t rebuild Little Italy,” mographics are skewing wealthRobert Ianniello Jr., the owner of ier. A StreetEasy search shows the legendary Umberto’s Clam “It’s going to be more difficult several residences currently for House, told the Post. “If we go to keep the area Italian sale in the historic area, includaway, it will never be here again. if the merchants leave.” ing a three-bedroom penthouse You can’t build an Olive Garden condo for $3.59 million at 176 and say it’s Little Italy.”

—writer Emelise Aleandri Mulberry Street. There’s also a In February, a new landlord four-story Novogratz-designed bought the retail condominium townhouse at 1 Centre Market Place, asking $5.495 that housed Ianniello’s eatery at 132 Mulberry Street million. The listing touts its location “at the crossfor $17.5 million. Ianniello is currently fighting his latroads of everything that downtown New York has to est rent hike — to $34,000 a month, which is more than offer,” with easy access to the “hearts of Soho, Greendouble his previous rent, according to the Post. wich Village, Noho, Nolita and the Lower East Side.”

Eight restaurants in Little Italy have closed within Still, for many people of Italian heritage — as well as the past 12 months, including Positano Ristorante legions of tourists — Little Italy remains a touchstone, and Il Fornaio, also at 132 Mulberry Street, which and a not-to-be-missed NYC experience. “Right now, was once run by noted Gambino family mobster there is just enough of a population to keep up tradiJoseph Corrao. tions,” author Emelise Aleandri told the Post. “But it’s Of course, the demise of Little Italy has been lagoing to be more difficult to keep the area Italian if the mented for some time, especially as the borders of merchants and businesses leave.” —Lisa Keys Chinatown continue to expand — in 2010, the National Park Service designated a singular “Chinatown and

48 | Luxury Listings NYC | May/June 2014

NEIGHBORHOODS

SOHO

Housing costs

Nabe news

Running down the numbers

More green on Greene Street

Average March sales prices N/A $610,000 $2,472,000 $4,850,000 N/A

Studio 1 bed 2 bed 3 bed > 3 beds

Stella McCartney

Average March rents $5,436 N/A $9,774 $16,394 $16,710

Studio 1 bed 2 beds 3 beds > 3 beds

Source: StreetEasy

Fast facts

Home prices, typical income and price per head $2.4 million

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all it the “Madison Avenue of Soho.” Greene Street, once a cheaper alternative to the neighborhood’s main retail stretches like Spring and Prince streets, is transforming into a high-end destination. There’s Dior Homme at 133 Greene, Stella McCartney at 112 Greene and Tiffany & Co. at 97 Greene. And with Google approaching the signing of a lease for its first ever retail store at 131 Greene Street, the drag could also become a hotspot for tech tenants, according to brokers.

Median list price for a Soho home

$63,845

Developments

Median household income of Soho residents

A perfect 10

$5,995

Price for a genuine human skull at Evolution, located at 120 Spring Street Sources: Zillow and Evolution

Pricey digs

Soho’s most expensive rentals PRICE $80,000/month ADDRESS 214 Lafayette Street TYPE/SIZE Townhouse; three bedrooms, three baths, one half bath; 13,000 square feet across five stories

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ew details are out on 10 Sullivan Street — soon to be the tallest condo building in Soho — which will have a crown jewel of a penthouse atop the 16-story project: It will be a triplex with an indoor pool and roof deck. All in all, the building will have 19 units and four townhouses, with two-, three- and four-bedroom homes available.

Celebrity watch

Wiig out

QUEEN B Pop superstar Beyoncé filmed the music video for “Halo” here.

PRICE $39,995/month from June through August ADDRESS 145 Sixth Avenue TYPE/SIZE Condo; Five bedrooms, three baths; 6,000 square feet ADDED BONUS Rent this loft and you can weekend at the owners’ yurt upstate.

Source: StreetEasy

“Saturday Night Live” alum KRISTEN WIIG’S two-bedroom co-op at 476 BROADWAY is in contract after spending two weeks on the market. She listed the spread in February for nearly $2.6 MILLION; the final purchase price has not yet come through in city records.

She bought the unit — which boasts 11.5-foot ceilings and downtown views from the master suite — for $1.5 million in 2009.

May/June 2014 | Luxury Listings NYC | 49

The Sherman Zwicker once fished the coast of Newfoundland. Soon, it will moor in Tribeca, hosting lectures, exhibitions and a raw bar.

GET WRECKED

Historic schooner to become a floating bar and restaurant

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for far fewer folks, with some 62 seats in the dining ave you heard of Sherman Zwicker? area and another 20 seats at the bar.

Chances are you will by summer’s end.

Pier 25 — the longest pier in Hudson River Park, Contrary to what you might first think, located at North Moore Street — is already home Sherman Zwicker isn’t the name of the to a host of summertime activity. The pier boasts latest hot artist or a tech mogul who is an 18-hole miniature golf course, sand volleyball putting down roots in Tribeca. courts, telescopes for stargazing and an artificial Rather, the Sherman Zwicker — italics intentionturf lawn for “active and passive use,” according to al — is a 142-foot-long wooden schooner that dates the park’s website. to 1942. If you’re wondering why this is special, It is also “a designated pier for historic vessels,” know this: The former fishing boat will be docked according to the Tribeca Citizen, and normally a at Tribeca’s Pier 25 this summer, and it will host a lengthy request for proposal process for such a venue lecture series as well as two exhibitions (one about would ensue. However, the HudNew York City’s long maritime son River Park Trust is permittradition; the other detailing the ted to do short-term trials, and history of the ship itself).

The former fishing boat this resto/bar aboard the ship And if you’re still confused as will be docked at Tribeca’s is considered one. (If deemed to why this is a big deal, there’s Pier 25 this summer. successful, there will likely be an this: According to the TribeRFP for next summer.) ca Citizen, the boat will also The Sherman Zwicker will host a raw bar, dubbed Grand join the Lightship Frying Pan at Pier 66 at West 26th Banks — in honor of the area off the coast of NewStreet as one of two floating, open-air drinking esfoundland that the vessel once fished — run by Mark tablishments on the Hudson. (The latter is a floating Firth (of beloved Brooklyn joints Marlow & Sons and lighthouse vessel that dates to 1929. The ship was Diner) and Adrien Gallo (of the now shuttered Lower sunk in the Chesapeake Bay for several years before East Side drinking den Double Happiness). being raised and moved to its current, permanent In April, the local community board approved a limooring in NYC; it’s now listed in the National Regisquor license for the ship. Its owners, brothers Miles ter of Historic Places.) and Alex Pincus — who operate the Upper West Side By contrast, the Sherman Zwicker will reportsailing school Atlantic Yachting, as well as helm the edly be the largest wooden ship in the city, and Grand Banks Schooner Foundation — believe the the only one that’s free to access. The opening is boat can safely accommodate 199 people, accordslated for June 1. —Lisa Keys ing the Tribeca Citizen; plans, however, detail space

50 | Luxury Listings NYC | May/June 2014

NEIGHBORHOODS

TRIBECA

Housing costs

Developments

Running down the numbers

Living on Leonard Street

Average March sales prices Studio 1 bed 2 beds 3 beds > 3 beds

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he first three units at 15 Leonard Street hit the market in late March and one of the homes is in contract. The prices range from $6.45 million to $6.99 million; the full-floor homes measure 2,621 square feet and come with four bedrooms, three full bathrooms and one half bathroom each.

A triplex penthouse, a townhouse and another full-floor unit are forthcoming.

The six-unit building will have on-site parking for all owners.

Average March rents

$672,045 $1,189,902 $2,735,346 $3,742,856 $19,950,000

Studio 1 bed 2 beds 3 beds > 3 beds

$4,508 N/A $8,294 $12,962 $24,513

Source: StreetEasy

Fast facts

Serious sushi, a Japanese theme village and hotel history 14

Number of sushi rolls on the menu at Nobu, the legendary restaurant at 105 Hudson Street.

Selections include sea urchin and live octopus.

Nabe news

Vanishing Pearl

$30

Cost of a commemorative T-shirt at Ninja New York, a theme eatery at 25 Hudson Street, with an interior designed to resemble a ninja village from Japan’s feudal period

2000

The year in which the Tribeca Grand Hotel, located at 2 Sixth Avenue, opened its doors to guests Sources: Nobu, Ninja New York, Tribeca Grand Hotel

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Pricey digs

Tribeca’s most expensive condos PRICE $40 million ADDRESS 11 North Moore Street TYPE/SIZE Five bedrooms, five baths, one half bath; 7,061 square feet

hings really do happen in threes. First, a listing for Pearl Paint’s Canal Street space came online, then the retailer fired 39 of its employees.

The final death knell came in April when the store, the art supplier’s flagship location since the ‘30s, shut its doors. Rumors of the store’s demise had been circulating for months, though the reasons for its closing are still unclear.

Celebrity watch

Taylor takes Tribeca

GET FRESH This penthouse unit also has 3,168 square feet of outdoor space.

PRICE $36 million ADDRESS 250 West Street TYPE/SIZE Four bedrooms, four baths, one half bath; 7,250 square feet UP AND AWAY Arrive at this penthouse via a private elevator.

Source: StreetEasy

Singer and serial homebuyer TAYLOR SWIFT is the rumored buyer of “Lord of the Rings” director Peter Jackson’s Tribeca penthouse. The spread, which comes as not-fullycombined duplex lofts, sold for its $19.95 MILLION asking price, according to city records, though the buyer’s name is masked in an LLC. Other sweet features include 12-foot ceilings, exposed brick and nearly 6,000 square feet of wraparound roof terraces.

May/June 2014 | Luxury Listings NYC | 51

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1) Essex Crossing will have residential and commercial components.

2) Beth Hamedrash Hagodol has been a city landmark since 1967.

3) A rendering of Essex Crossing

SUNRISE, SUNSET

An historic synagogue faces uncertain future as mega-project encroaches

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A Taconic spokesperson told real estate blog s New York City continually reinvents itself, “out with the old, in with the new” is a typi- Curbed “we are not considering a purchase [of 75 Escal trajectory. State-of-the art structures sex] at this time. We explored the idea over the summer, allegedly threaten historic ones — and this but did not see a way forward with the parameters the drama is currently playing out on the Low- owner was seeking.”

“The expansion is under wraps for now, but money er East Side.

At 60 Norfolk Street stands the old Beth Hamedrash talks and we have it,” the email, whose sender and reHagodol synagogue, a crumbling landmark that dates cipient are scribbled out, reads.

Back in February, project developers were in talks back 164 years and housed the nation’s oldest Russian Orthodox Jewish congregation. The synagogue’s to bankroll the synagogue’s restoration in exchange for air rights, according to the rabbi, Mendel Greenbaum, along Wall Street Journal. with preservationists and loThe synagogue has been a cal pols, are fighting to keep the “It definitely needs to city landmark — in fact, one of structure safe from the nearby be saved to show to the city’s first — since 1967. The Essex Crossing project on the interior is in rough shape, but Seward Park site, which reports generations to come.” the exterior is in good condition. from March say is expanding and —Rabbi Mendel Greenbaum Greenbaum sought to have the could include the building in its building’s landmark title revoked growth area.

“It definitely needs to be saved to show to genera- in 2012 to have a builder construct a new property with tions to come,” Greenbaum told the Wall Street Journal. a synagogue space included. But he later changed his Essex Crossing — a 1.9 million-square-foot project mind in an effort to curb community outcry.

City Councilmember Margaret Chin has pledged to that’s the largest redevelopment on public land below 96th Street — is set to have both residential and retail save the synagogue from the wrecking ball. Her socomponents. An intercepted email posted by neigh- lution is to transfer the building’s air rights to a new borhood blog BoweryBoogie in March shows that one project, namely, affordable housing. Other supporters of the project’s developers, Taconic Partners, is inter- for preservation say the property can be converted for ested in buying a separate building at 75 Essex Street, other uses and have space reserved in the basement which the blog said “appears to be smoking gun evi- for religious services.

Whatever happens, Greenbaum told the Journal dence that an expansion of Essex Crossing is on the table.” Sources also told the blog that the synagogue that he hopes to see the “dignity” of the space preserved. “No dance clubs,” he said. —Zachary Kussin is also being considered for inclusion in the plan.

52 | Luxury Listings NYC | May/June 2014

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SureStart is a registered service mark of Citigroup Inc. Final commitment is subject to verification of information, receipt of a satisfactory sales contract on the home you wish to purchase, appraisal and title report, and meeting our customary closing conditions. There is no charge to receive a SureStart pre-approval. However, standard application and commitment fees will apply for the mortgage loan application. If you are purchasing a home, we guarantee to close by the date specified in your purchase contract, unless prohibited by federal law, and further provided that the date is at least 30 days after the application date and the date of your purchase contract. If your loan fails to close on time due to a delay by Citibank, you will receive a credit toward closing costs of $1,500. Offer not available for refinance loans, co-ops, unapproved condos, residences under construction, community lending programs and government loans. In Texas, the credit may not result in your receiving cash back. (Federal law requires certain disclosures be delivered to the borrower at least 3 business days before consummation. The guarantee to close does not apply if such disclosures are required and your closing is delayed due to the 3-business-day waiting period.)

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LES/EAST VILLAGE

NEIGHBORHOODS

Housing costs

Nabe news

Running down the numbers

Get a grip

Average March sales prices Studio 1 bed 2 bed 3 bed > 3 beds

Average March rents

$355,000 N/A $1,170,500 N/A N/A

Studio 1 bed 2 beds 3 beds > 3 beds

$2,432 $3,062 $4,059 $4,990 $5,742

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nyone for tennis? There’s a proposal to bring a heated tennis bubble to cover at least 12 courts along the East River. The man behind the plan is art dealer Thomas Sellin, who previously pitched a tennis bubble for Central Park in 2010, but met opposition due to the proposed $100 hourly fee. The prospective cost for using the East River courts isn’t yet known.

Developments

Beautiful on the Bowery

Source: StreetEasy

Fast facts

College kids, chicken dinner and popsicle season 29%

Percentage of the East Village’s 68,863 residents who are in their twenties. This is the neighborhood’s leading age group.

$125

Price for an order of fried chicken at Momofuku Noodle Bar at 171 First Avenue. The order feeds four to eight people and includes a southern-style chicken and another one fried in the Korean style.

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rchitect Annabelle Selldorf — called “the art world’s go-to architect” by Architectural Digest — will be designing the new apartment building coming to 347 Bowery. The 13-story tower will have five homes and retail space; no word yet on pricing.

Housing

En plein air

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ot satisfied with run-of-the-mill floor-to-ceiling windows? A triplex condo at 224 East 14th Street comes with a portion of the facade that flips up like a garage door, completely opening the living area to the street.

It’s on the market for $2.1 million (the owner tried to sell it in 2012 for $2.5 million). A similar door opens to the home’s private garden space out back.

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Date in May when the People’s Pops kiosk at 118 First Avenue, which serves local fruit ice pops and shaved ice, reopens for the season Sources: Zillow, Momofuku Noodle Bar, People’s Pops

Pricey digs

High-end rentals in the East Village and Lower East Side PRICE $40,000/month ADDRESS 327 East 12th Street TYPE/SIZE Townhouse; five bedrooms, three baths; 3,500 square feet across four floors

Coming soon

Neighborhood newcomer

CHARACTER COUNTS The home features vintage wallpaper and multicolored doorknobs.

PRICE $11,500/month ADDRESS 191 Chrystie Street TYPE/SIZE Four bedrooms, three baths WARM UP The master suite of the apartment has a gas fireplace.

Source: StreetEasy

54 | Luxury Listings NYC | May/June 2014

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mixed-use building will replace a row of single-story shops on Clinton Street between Rivington and Stanton streets. There will be ground-floor commercial space, but info on the residential portion is not yet available.

RESIDENCES STARTING FROM $6.45M

W W W.15 L E ONA R D ST.C OM

Born of a love affair with the neighborhood, 15 Leonard is Tribeca’s Quintessential Residence. Located in the heart of prime Tribeca, this boutique condominium new development features only six residences including private full-floor, four bedroom homes, an extraordinary triplex penthouse and a singular townhouse.

Residents will enjoy private keyed elevator access, deeded storage, private outdoor space and on-site parking. Designed by acclaimed architect Wayne Turett, contemporary luxury meets the heritage of one of Manhattan’s most desirable and storied neighborhoods in this limited collection of residences.

Exclusive Sales and Marketing by TOWN New Development Brett A. Miles Licensed Real Estate Salesperson Andrew A. Azoulay Licensed Real Estate Salesperson

212-775-0015 INFO@15LEONARDST.COM

Tribeca Development Partners, LLC Gold Development

The residence layout, square footage and dimensions are approximate and subject to normal construction variances and tolerances. Square footages exceed the usable floor area. This floor plan is based on construction drawings. Minor inaccuracies between this floor plan and the actual residence layout when built will not excuse a purchaser from completing the purchase of a unit without abatement in price and without recourse against the sponsor. Sponsor reserves the right to make changes in accordance with the offering plan. The complete offering terms are in an offering plan available from sponsor file no. Cd13-0208. Sponsor: tribeca development partners, llc. Interior decorations finishes and furnishings are provided for illustrative purpose only. Sponsor makes no representations or warranties except as may be set forth in the offering plan. 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. The complete offering terms are in an offering plan available from the sponsor file no cd13-0208. Sponsor: Tribeca Development Partners, LLC.

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1) A historic shot of Lower Manhattan 2) The Woolworth’s lobby boasts intricate details.

3) The top 30 stories will become condos.

4) The glittering, vaulted ceiling

WHAT IT’S “WORTH” With high-end condos coming to the Woolworth Building, a tour of its past

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ornamentation quickly captured our attention. Woolhe Financial District’s ornate Woolworth worth commissioned Gilbert to design the structure Building — once the world’s tallest — will in 1910, with a strict adherence to quality in artistry. soon have another impressive attribute to Despite the name, the building never served as a add to its 101-year history. company headquarters; it functioned as more of a The legendary property is adding a luxubillboard — and a glistening one, at that. “Woolworth ry residential component inside its landmarked terrawas using this building to signal to the American peocotta walls. The top 30 floors of the 60-story building ple and consumers, ‘Look at the great powerhouse will give way to 34 one- to four-bedroom condominiof a company that I have built!’” um homes — including a five-story Christen excitedly explained. penthouse in the cupola — priced Due to its resemblance to at roughly $3,000 per square Not to worry: Just about Gothic cathedrals, the building foot. Sales are expected to launch anyone can peek inside earned the moniker the “Cathethis spring. dral of Commerce.” We scaled But if you don’t have that kind the elaborate lobby of the the back staircase to get a view of money to spend, not to worry: neo-Gothic structure. of the lobby, and the result was Just about anyone can peek instunning: columns, pointed terside the elaborate lobby of the ra-cotta banding and soaring neo-Gothic structure, which, unbarrel vaults with glittery mosaics — bearing Klimttil recently, was restricted to its commercial tenants. like shades of green, blue, gold, periwinkle, red and Luxury Listings NYC attended one of the building’s yellow pieces — shining from above. public lobby tours, organized by Helen Post Curry, the There is another play with religion on the mezgreat-granddaughter of architect Cass Gilbert, who zanine level, where lunette-shaped murals depict designed the Woolworth Building. angel-like figures with such words as “Labor” and On a cold day in March, roughly 20 people gathered “Commerce” painted over them — reflecting both Woolfor a 90-minute tour guided by architectural historian worth’s love of business and his desire to make the Barbara Christen. The tour digs deep into the buildbuilding the center of such activity. ing’s history, as well as into the mind of Frank WinClearly he was onto something. When Woolworth field Woolworth, the rags-to-riches man who gave the died in 1919, the property was worth $65 million. building its name. Woolworth founded the F.W. WoolOf course, that’s maybe what the penthouse alone will worth Company, which at its peak operated over 300 fetch today. — Zachary Kussin “Five-and-Dime” stores across the country.

We began at the lobby’s rear, standing underneath a gold-tinted glass ceiling, whose impressive

56 | Luxury Listings NYC | May/June 2014

NEIGHBORHOODS

FINANCIAL DISTRICT

Housing costs

Transit

Running down the numbers

Notes from the underground

Average March sales prices Studio 1 bed 2 bed 3 bed > 3 beds

$603,041 $877,714 $1,670,325 N/A N/A

Average March rents $3,069 $3,779 $5,456 $7,369 $17,666

Studio 1 bed 2 beds 3 beds > 3 beds

Source: StreetEasy

Fast facts

Fancy eggs, Brooklyn Bridge history and the length of The Street $12

Price for an order of deviled eggs and caviar, which comes dressed with capers, olives and onions, at the Dead Rabbit, 30 Water Street

24

Date in May 1883 when the Brooklyn Bridge opened to the public. The structure took 14 years to complete.

0.45

Length, in miles, of Wall Street Sources: Dead Rabbit, History Channel, City-Data

Pricey digs

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fter years of delays and millions of extra dollars, the Fulton Street Transit Center is on track for a June 26 opening. The structure will link together 11 subway lines that are currently at six different stations, as well as connect to the World Trade Center’s transportation hub by 2016.

Nabe news

Standing room only

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he much-awaited National September 11 Memorial Museum is slated to open May 21. However, there are concerns about the opening ceremonies: There are some 550 to 750 seats available for a dedication event, which will have to be divvied among thousands of politicians, victims’ families and survivors. The latter two groups will be entered into a lottery for tickets.

Rendering of the 9/11 Memorial Museum’s interior

Costly condos in FiDi PRICE $6.29 million ADDRESS 123 Washington Street TYPE/SIZE Five bedrooms, four baths; 2,303 square feet ROOM SERVICE Located at the W Downtown Hotel and Residences, enjoy amenities like inresidence dining.

An overview of the exterior

Celebrity watch

Famous footwear

PRICE $4.45 million ADDRESS 15 William Street TYPE/SIZE Three bedrooms, three baths; 2,025 square feet SPORTING LIFE The William Beaver House has amenities like a glass-enclosed indoor pool, a squash court and a basketball court.

Source: StreetEasy

ALEX BIRKENSTOCK, heir to the eponymous shoe empire, listed his Setai penthouse for $12.99 MILLION in late March, more than twice what he paid for the 3,424-square-foot digs three years ago. Perhaps it’s no wonder: After buying the home for $5.9 million in 2011, he embarked on a $5 million renovation. The result is uber cool, with exposed brick, Art Deco doors from a Hawaiian theater and hardwood flooring from the Portuguese Embassy in Paris.

May/June 2014 | Luxury Listings NYC | 57

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1) The beach — just part of the allure of the Hamptons 2) The Montauk Point Lightouse 3) A Long Island Rail Road platform

TICKET TO RIDE

Wealthy New Yorkers hoarding premium train seats to the Hamptons

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“People are willing to pay premium. They get bar serhe Hamptons have arguably never been vice at their seat, a reserved seat.” hotter. In last year’s fourth quarter — typiPremium tickets cost $47 heading out of the city cally a slow time of year for purchasand $39.75 riding back to Penn Station, or $20 more ing summer houses — home sales in the than the regular ticket price. At the season’s end, Hamptons jumped 21 percent, year-overticket buyers only pay a $10-per-ticket penalty for year, generating $816 million, according to Hamptons a refund – a pittance for many Hamptons pleasure brokerage Town & Country. seekers. And last year riders took advantage of that, And as the Hamptons’ peak season nears, comasking for $10,000 in ticket refunds. petition is heating up for more than just high-end However, the MTA is fighting back, as the practice real estate. Wealthy New Yorkers are buying the best of hoarding tickets has lead to Long Island Rail Road seats in lost revenue on bar service and bulk, hoping to avoid mixing with forced the agency to hand out proletarian commuters, creatAs the Hamptons’ peak more refunds. Last month, at ing long waiting lists for tickets — season nears, competition its regular board meeting, the and, at times, not using the seats MTA proposed a new policy that they purchased. is heating up for more than would only refund customers According to the New York Post, just high-end real estate. who cancel their ticket reservathose riders, on average, squantions by noon the Thursday bedered up to 30 percent of tickets fore the travel date. on the Cannonball’s Hamptons The plan is expected to dramatically curb the Reserve cars — a direct, 94-minute, summer-only train practice of stockpiling tickets, open up seats to more between Penn Station and Westhampton. Before the riders and streamline ticket purchasing. (Although MTA began offering the service last year, passengers the MTA might also want to consider altering its coming from Manhattan were forced to transfer to the website, which says, “We suggest you purchase ten Cannonball at — the horror! — Jamaica, Queens. The trip tickets to save time and share with friends!” if it popularity of the new direct train has been staggerreally wants to discourage ticket hoarding.) ing, with the MTA seeing ridership jump 107 percent “We want to provide service to as many cusrecently. The train makes its first call at Westhampton, tomers as possible,” Calderone said. “[If] they tell and then proceeds to Southampton, East Hampton, us the day before, we can put people in the seats.”

Bridgehampton and Montauk.

—Christopher Cameron “It’s such a popular service,” Joe Calderone, a Long Island Rail Road spokesperson, told the Post.

58 | Luxury Listings NYC | May/June 2014

NEIGHBORHOODS Housing stats

HAMPTONS

Business

Running down the numbers First quarter of 2014 Avg. sales price Number of sales Homes for sale Days on market

Twilight at Tiffany’s

iffany & Co. shuttered the doors of its East Hampton shop in early April. The 4,200-squarefoot space is being offered for a long-term lease by its landlord, asking $425,000 annually, according to reports.

Fortunately, if you find yourself on the East End and suddenly in need of baubles, there’s always Tiffany.com.

First quarter of 2013 $1.7M 528 1,696 183

$1.2M 347 1,437 187

Avg. sales price Number of sales Homes for sale Days on market

Source: Miller Samuel

Fast facts

A record-breaking sale, tallying income and coastline length $145 million

T

Design

Minimal beach living

Price recently paid for an 18-acre estate on Further Lane in East Hampton, setting a new record for the priciest home sale ever in the U.S.

$54,300

Median household income of Southampton’s 12,278 residents

131

Length of coastline, in miles, that surrounds the Town of East Hampton’s 69-square-mile peninsula Sources: New York Post, Zillow, Town of East Hampton

Pricey digs

H

The Hamptons’ most expensive homes

ate houseguests? Downsize! You can grab a 600-square-foot modern beach house in Amagansett — the smallest that noted architect Paul Masi says he’s built — for $1.795 million. The twobedroom, 1.5-bathroom home has floor-to-ceiling glass windows that look out to the ocean.

PRICE $98 million ADDRESS 16 Gin Lane, Southampton TYPE/SIZE 10 bedrooms, 12 baths, three half baths; 12,800 square feet

Celebrity watch

360-degree view

HIGHLIGHTS Grand main house with vaulted ceilings and custom bronze doors PRICE $69 million ADDRESS 51 and 55 Halsey Lane, Water Mill TYPE/SIZE 11 bedrooms, 15 baths, one half bath; 22,000 square feet GOOD AS GOLD A Gilded Age home with a triple-story spiral staircase and limestone flooring Source: StreetEasy

CNN’s ANDERSON COOPER, who bought the home adjacent to his Quogue summer digs for $1.7 million in 2012, recently listed it for $2.99 MILLION — meaning you can become his neighbor. The home, which is where Budd Schulberg wrote the screenplay for “On the Waterfront,” is located at 12 ST. GEORGE PLACE. Measuring 3,654 square feet, it has five bedrooms, 5.5 bathrooms, a waterfront great room with a fireplace and cedar vaulted ceilings.

May/June 2014 | Luxury Listings NYC | 59

1 4

3

2

1) The owners of Crooked Ladder Brewing Company 2) Crooked Ladder’s brews on tap 3) Growlers of Moustache beer 4) Moustache’s Lauri Spitz

STOP WINE-ING

Two recently opened breweries take on the local vineyard scene

T

They eyed other Long Island locations to open up ravel east through the North Fork from shop, but ended up in Riverhead after visiting the Riverhead to Greenport, and a total of space there and having a fortuitous run-in: The 39 wineries lie along the way, according town supervisor happened to be there, and told the to the Long Island Wine Council. Tours couple that Riverhead would be more than open to and tastings — generally in rustic sethaving another microbrewery present. tings — have long been popular happenings in the Moustache joins Crooked Ladder Brewing Comarea. But travel along the same route, and you’ll pany, which opened in Riverhead last summer. It stumble upon five craft breweries — three of which produces 18 beers, according to its website, includare located in Riverhead, and two of them are recent ing its Summeritis summer ale. Located at 70 West upstarts in the town. Over a dozen other craft brewMain Street, the brewery was eries dot Long Island, perhaps opened up by three men — two giving the wine scene some of them brothers and the other boozy competition.

Long Island’s East End a former fire department chief Riverhead’s latest addition to seems to have a great of Jamesport. the craft brew scene is MousRiverhead’s “longtime” brewtache Brewing Co., located at 400 thirst for locally made ery, such as it is, is Long Ireland Hallett Avenue, which opened drinking options.

Beer Co., which opened at 817 in mid-April. The co-ownPulaski Street in September ers — husband-and-wife team 2011. Like Moustache, Long IreMatt and Lauri Spitz — marked land has four beers to its name, according to its webthe opening with a party in which Matt shaved off site. Its summer seasonal brew is a raspberry wheat his months-in-the-making beard, according to the beer. Another flavor is their Pale Ale, which also Riverhead Local. (Naturally, his handlebar moussounds a perfect accompaniment for BBQ season. tache was spared the razor’s wrath.)

Indeed, Long Island’s East End seems to have a Moustache currently brews four beers, one of great thirst for locally made drinking options. “The which is the One Drop Pale Ale, a beer with a citrusy reception’s been great,” Matt Spitz told the Rivertaste, according to the description on their website. head Local. —Zachary Kussin The brews are only for sale at their tasting room, as the couple does not yet have the capacity to brew more for resale. Their equipment currently allows them to produce only four kegs worth of beer at a time.

The Spitzes took control of their microbrewery space in February 2013 and renovated it to their needs.

60 | Luxury Listings NYC | May/June 2014

NEIGHBORHOODS Housing stats

Strange happenings

Running down the numbers First quarter of 2014 Avg. sales price Number of sales Homes for sale Days on market

NORTH FORK

What a quack!

First quarter of 2013 $812,000 109 597 163

Avg. sales price Number of sales Homes for sale Days on market

$533,000 78 521 229

Source: Miller Samuel

Fast facts

Getting to the North Fork, take a hike and some Southold history $21

Price for a ticket bought onboard the Hampton Jitney for a one-way ticket from Manhattan to any stop in the North Fork

35

A

new museum will spread its wings on the grounds of the Big Duck in Flanders. At the end of March, construction began on a barn which will become a museum focusing on the history of duck rearing on the North Fork. North Fork duck farming traces its roots back to the 1880s and peaked by the 1960s, when 7.5 million ducks were being raised annually.

(Now, however, due in part to rising costs, only a few duck farms remain on the East End.) The museum is expected to open in July.

Business

Size, in acres, of Goldsmith Inlet Park, located in Southold. The park has a half-mile trail that leads to the Long Island Sound.

1640

Year in which the town of Southold was settled Sources: Hampton Jitney, North Fork Promotion Council, New York Times

New owners, same Cedars

C

edars Golf Course in Cutchogue may have new owners — but they’ve vowed that the longtime links will keep its charm. One change: a forthcoming golf simulator, which allows players to play 15 famous courses — virtually, of course.

Pricey digs

High-end houses in the North Fork PRICE $7.5 million ADDRESS 3945 Soundview Avenue, Southold TYPE/SIZE Five bedrooms, three baths, one half bath; 4,500 square feet GREAT OUTDOORS This home has a wraparound deck and 368 feet of private beach.

PRICE $3.3 million ADDRESS 825 Stephensons Road, Orient

Leisure

A walk through time

L

ooking for a taste of history this season? Check out the historic district of Greenport, which has some 254 woodframed properties, several of which date back to the early 1800s. Many homes give clues about the original owners’ social status: Merchants constructed Italianate-style homes on or around Bay Avenue, while the wealthier crowd, like captains and businessmen, settled around Main Street. You can download a self-guided walking tour of the historic houses at greenportvillage.com.

TYPE/SIZE Six bedrooms, three baths, one half bath LIVING HISTORY Victorian with views of Long Island Sound and Orient Harbor, plus 450 feet of private beach

Source: StreetEasy

May/June 2014 | Luxury Listings NYC | 61

NYC’s

LISTINGS

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171 West 71st Street, 4C on the Upper West Side

$1,595,000

Co-op (1,375 sf): 5 rooms, 2 beds, 1.5 baths | Amenities: Bike Room, Driveway, Laundry Room | Maintenance: $2,854 Located in the Dorilton, one of the most beautiful Beaux-Art buildings in New York. Listed at DJK Residential by Leslie Lazarus, 212-367-0388, leslie.lazarus@djkresidential.com.

130 East 63rd Street, 3E on the Upper East Side

$1,775,000

100 Riverside Boulevard, 21E on the Upper West Side

$1,600,000

Condo: 2 beds | Amenities: Lounge, Garden | RE Taxes: $658 Live in The Avery, 21 stories up. A full-service newly constructed condominium with amazing views of the Hudson River. Listed at Fenwick Keats

by Michael Sieger, 917-533-8599, msieger@fenwickkeats.com.

392 Central Park West, 16R on the Upper West Side

$1,850,000

Condop (1,300 sf): 4.5 rooms, 2 beds, 2 baths | Amenities: Bike Room, Rooftop Deck Maintenance: $3,344

Condo (1,141 sf): 4.5 rooms, 2 beds, 2 baths | Amenities: Bike Room, Courtyard Common Charges: $743 | RE Taxes: $331

This white glove building is a CONDOP. The apartment has two large bedrooms and two renovated baths. Listed at Corcoran by Elyse Gutman, 212-821-9126, ebg@corcoran.com.

This high-floor corner condominium steps from Central Park boasts sunfilled rooms throughout. Listed at Corcoran by Lynn Nguyen, 212-937-7011, lynn.nguyen@corcoran.com.

62 | Luxury Listings NYC | May/June 2014

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262 Mott Street, PH505 in Nolita

$1,950,000

Condo (950 sf): 3 rooms, 1 bed, 1 bath | Common Charges: $308 | RE Taxes: $506 Sundrenched one-bedroom penthouse loft condo on Nolita’s prime block — Mott Street between Prince and Houston. Listed at Corcoran by Julie Pham, 917-517-8123, julie.pham@corcoran.com.

420 East 58th Street, 20B in Midtown

$1,960,000

Condo (1,083 sf): 3.5 rooms, 1 bed, 2 baths | Common Charges: $1,108 RE Taxes: $999 This chic home offers the style and the feel of a downtown loft in a boutique condo. Listed at Citi Habitats by Leslie Meyers, 212-794-1133, lmeyers@citihabitats.com.

45 Sutton Place South, PHH in Midtown

$2,250,000

Co-op: 5 rooms, 2 beds, 2 baths | Amenities: Garage, Fitness Room, Laundry Room | Maintenance: $2,823 Classic elegance defines this penthouse with meticulously executed architectural detail in a beautiful white-glove building. With east and west exposures, and sweeping river views, this home is truly breathtaking. The stunning foyer exudes New York style, leading into a formal dining room. Listed at Corcoran

by Carolyn Levitan, 212-605-9203, carolyn.levitan@corcoran.com.

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206 East 73rd Street, 3E on the Upper East Side

$2,790,000

180 East End Avenue, 12G on the Upper East Side

$3,000,000

Condo (1,633 sf): 5.5 rooms, 2 beds, 2.5 baths | Amenities: Laundry Room, Private Storage | Common Charges: $1,803 | RE Taxes: $635

Co-op: 6 rooms, 2 beds, 3.5 baths | Amenities: Driveway, Garage, Courtyard Maintenance: $4,178

Perfect condo with high ceilings, beautiful finishes, large windows and excellent light! Listed at Brown Harris Stevens by Edward F.Johnston III, 212-906-9284, ejohnston@bhsusa.com.

Dazzling views of Gracie Mansion, Carl Schurz Park and the East River from this high-floor corner apartment with large balcony. Listed at Warburg by Jane Andrews, 212-439-4536, jandrews@warburgrealty.com.

515 East 72nd Street, 40B on the Upper East Side

$4,425,000

Condo (2,214 sf): 5 rooms, 3 beds, 3 baths | Amenities: Garage, Courtyard, Garden | Common Charges: $2,307 | RE Taxes: $3,541 This spacious three-bedroom home has three exposures facing north, south and east. Direct river views with a fabulous eat-in kitchen, separate dining area and entertaining space leads to a private wrap-around balcony. The en-suite corner master bedroom has an additional wrap-around balcony. Listed at Corcoran by 515 East 72nd Sales Center, 212-772-2722, info@515e72.com.

64 | Luxury Listings NYC | May/June 2014

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930 Fifth Avenue, 4A on the Upper East Side

$4,500,000

16 Desbrosses Street, 2S in Tribeca

$5,000,000

Co-op (2,000 sf): 6 rooms, 2 beds, 2 baths | Amenities: Fitness Room, Laundry Room, Private Storage | Maintenance: $3,486

Condo (2,625 sf): 6 rooms, 2 beds, 2 baths | Common Charges: $1,098 RE Taxes: $1,796

Triple-mint condition classic 6 in a premier Fifth Avenue prewar building, designed by renowned architect Emery Roth. Listed at Citi Habitats by Jedediah Wilder, 212-774-3800, jwilder@citihabitats.com.

Expansive and thoughtfully designed duplex loft ideal for those who wish to live in a well-appointed home as well as showcase their fine art. Listed at Town Residential by Terry Naini, 646-998-7457, tnaini@townrealestate.com.

41 Central Park West, 6B on the Upper West Side

$5,995,000

414 Washington Street, 3 in Tribeca

$6,000,000

Co-op: 5 rooms, 2 beds, 2 baths | Amenities: Garage, Garden, Health Club Maintenance: $4,185

Condo (3,000 sf): 5 rooms, 3 beds, 3 baths | Common Charges: $1,459 RE Taxes: $1,947

Harperley Hall is a rare 1911 Arts and Crafts–style masterpiece designed by architect Henry Wilhelm Wilkinson and situated right on Central Park West at 64th Street. Listed at Brown Harris Stevens by Norah Burden, 212-588-5617, nburden@bhsusa.com.

A luxurious loft located on a quaint cobblestone street in the heart of Tribeca. Listed at Douglas Elliman by Veronica Matto, 212-321-7113, veronica.matto@elliman.com.

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180 Sixth Avenue, 8B in Soho

$6,200,000

115 Central Park West, 5A on the Upper West Side

$6,500,000

Condo (2,221 sf): 5 rooms, 3 beds, 3.5 baths | Amenities: Rooftop Deck, Private Storage | Common Charges: $3,089 | RE Taxes: $2,876

Co-op: 9 rooms, 4 beds, 4 baths | Amenities: Bike Room, Courtyard, Garden Maintenance: $4,918

Rising above all of Soho, One Vandam is home to 25 exceptional residences on 14 floors. Listed at Stribling & Associates by Sean Murphy Turner, 646-613-2619, sturner@stribling.com.

Newly priced to sell. Listed at Stribling & Associates by Rosette Arons, 212-452-4360, rarons@stribling.com.

345 East 57th Street, PHAB in Sutton Place

$6,500,000

115 Central Park West, 10B on the Upper West Side

$6,950,000

Co-op: 7 rooms, 3 beds, 3 baths | Amenities: Laundry Room, Private Storage Maintenance: $7,347

Co-op (3,000 sf): 8 rooms, 3 beds, 3.5 baths | Amenities: Bike Room, Courtyard, Garden | Maintenance: $4,524

This one-of-a-kind 9-into-7-room penthouse located in an elegant prewar cooperative has exceptional wrap-around terraces, soaring ceilings, a yearround solarium and views in every direction. Listed at Stribling & Associates by Linda Maloney, 212-585-4527, lmaloney@stribling.com.

Super chic yet comfortable, this Vicente Wolf designed residence is sunflooded and gorgeously renovated. Listed at Stribling & Associates by Cathy Taub, 212-452-4387, ctaub@stribling.com.

66 | Luxury Listings NYC | May/June 2014

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117 East 57th Street, 42CDE in Midtown

$6,950,000

885 Park Avenue, 5C on the Upper East Side

$7,500,000

Condo (3,000 sf): 7.5 rooms, 3 beds, 3.5 baths | Amenities: Garage, Courtyard, Garden Common Charges: $3,961 | RE Taxes: $2,847

Co-op: 11 rooms, 3 beds, 3 baths | Amenities: Fitness Room, Laundry Room, Private Storage | Maintenance: $6,077

Rare triple-exposure combo unit in white-glove building with stunning views north overlooking Central Park, west to the Hudson and south over Midtown.

Listed at Stribling by John Barbato, 646-613-2633, jbarbato@stribling.com.

This is a most gracious prewar home in a well-regarded prewar cooperative.

Listed at Corcoran by Sharon Baum, 212-836-1036, seb@corcoran.com.

43 West 64th Street, 4A on the Upper West Side

$8,500,000

Condo (3,667 sf): 8 rooms, 4 beds, 4 baths | Amenities: Driveway, Garden, Laundry Room | Common Charges: $4,355 | RE Taxes: $3,530 Superb and extra luxurious trophy home. Dramatic living room with barrel vaulted ceilings provides the ideal setting for comfortable living and entertaining. The master bedroom suite has a substantial sleeping area with a romantic gas fireplace and generous closets along with a dressing closet and a marble master bathroom. Listed at Douglas Elliman by Natalia Gavrilov, 212-727-6198, nchin@elliman.com.

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985 Park Avenue, Garden Unit on the Upper East Side

$8,500,000

Condo (3,065 sf): 7 rooms, 4 beds, 3.5 baths | Amenities: Laundry Room, Private Storage | Common Charges: $5,923 | RE Taxes: $2,290 The private luxury of townhouse living in a doorman condominium. Features a large Asian inspired all-season meditation garden and parlor floor planted terrace overlooking the garden, designed by a renowned global landscaper. This triplex not only has over 600 square feet of outdoor space but also boasts wall-to-wall , floor-to-ceiling French doors in the living room that open to a landscaped Juliette balcony and wall-to-wall , floor-to-ceiling windows from the master bedroom that share views of Park Avenue. Listed at Douglas Elliman by Carol Staab, 212-891-7205, cstaab@elliman.com.

58-60 Reade Street, PH in Tribeca

$9,000,000

Condo (4,464 sf): 10 rooms, 3 beds, 3.5 baths | Amenities: Private Storage | Common Charges: $2,431 | RE Taxes: $2,300 Spectacular one-of-a-kind triplex penthouse. With over 4,400 square feet of interior space and 1,200 square feet of exterior space, this architecturally stunning residence has been exquisitely renovated, seamlessly blending the ultimate in luxury finishes with prewar details. Enter through the key-locked elevator into the oversized open concept kitchen, living, and dining area. Listed at Douglas Elliman by Melanie Lazenby, 212-727-6131, mlazenby@elliman.com.

68 | Luxury Listings NYC | May/June 2014

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1045 Park Avenue, 15AB on the Upper East Side

$10,000,000

Co-op (3,987 sf): 11 rooms, 4 beds, 4.5 baths | Amenities: Bike Room, Laundry Room, Private Storage For Fee | Maintenance: $9,797 Perfect for a growing family, here's a rare opportunity to own a beautiful 11-room home in one of the finest prewar cooperatives on Park Avenue. From a private elevator landing, the combined residence of 15AB consists of the entire floor of smart and elegant living. Step into this space and find its soaring 10-foot beamed ceilings and all of its many oversized windows, which make this home drenched in sunlight and incredibly bright, with treetop views of Central Park. Listed at Douglas Elliman by Chaya Schwartz, 212-350-8500, chaya.schwartz@elliman.com.

260 West Broadway, 1/2C in Tribeca

$10,000,000

Condo (8,000 sf): 10 rooms, 3 beds, 6 baths | Amenities: Bike Room, Fitness Room, Sauna | Common Charges: $6,171 | RE Taxes: $11,247 Rarest of the rare. Dramatic gut renovated triplex with original mural by Keith Haring. Palatial 45-foot-by-45-foot entertaining space, featuring 26-foot ceilings, huge arched windows, fireplace and beautifully detailed cast-iron columns. Adjoining dining room opens into the gourmet eat-in kitchen. A custom steel staircase sweeps upward to a sprawling mezzanine/library and a secluded bedroom wing, with large master bedroom with luxurious his and her baths, huge dressing room, second bedroom with bath and possible third bedroom. Listed at Sotheby's International Realty by Torsten Krines, 212-431-2471, torsten.krines@sothebysrealty.com.

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299 West 12th Street, PHC1 in the West Village

$10,900,000

Condo (3000 sf): 6 rooms, 2 beds, 2 baths | Amenities: Bike Room, Laundry Room, Common Storage Room | Maintenance: $1,783 This spectacular duplex penthouse condo has two huge terraces with 800 square feet of outdoor space, landscaped with flowering cherry trees and perennials. Listen to songbirds with your morning coffee and watch the city light up at cocktail hour, with unobstructed panoramas all the way from the Empire State Building to the Freedom Tower. Easily the best outdoor space in downtown Manhattan. Listed at Douglas Elliman by Diane Nichols, 212-965-6074, dnichols@elliman.com.

50 East 89th Street, PHC32E on the Upper East Side

$10,950,000

Co-op (3,000 sf): 7 rooms, 3 beds, 3.5 baths | Amenities: Bike Room, Driveway, Garage | Common Charges: $2531 | RE Taxes: $6942 Ultimate Upper East Side penthouse. This spectacular duplex, located on the top floors of a 33-story building off Madison Avenue, is surrounded by panoramic views of Manhattan, including Central Park, the entire reservoir, Midtown with both the Empire State and Chrysler buildings, and east toward the East River, creating glorious views by day and extraordinary magical views by night. Listed at Sotheby's International Realty by Louise Beit, 212-606-7703, Louise.Beit@sothebyshomes.com.

70 | Luxury Listings NYC | May/June 2014

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11 North Moore Street, PHW in Tribeca

$11,000,000

Condo (3,541 sf): 9 rooms, 3 beds, 3.5 baths | Amenities: Garage, Courtyard, Fitness Room | Common Charges: $2,531 | RE Taxes: $6,942 This rarely available penthouse atop the coveted 11 North Moore condominium features exceptionally proportioned rooms, grand ceiling heights, and massive exposures that flood each space with light. Beyond the entry foyer, a sprawling 48-foot great room awaits, lined with seven enormous windows overlooking Varick Street for quintessential Tribeca views. From the great room, a grand glass door opens to the terrace with both living and dining spaces, ideal for entertaining and daily relaxation alike. Listed at Douglas Elliman by Fredrik Eklund, 212-727-6158, feklund@elliman.com.

497 Greenwich Street, PHA in Soho

$12,995,000

Condo (3,600 sf): 8 rooms, 4 beds, 3.5 baths | Amenities: Garden, Fitness Room, Pool | Common Charges: $4,952 | RE Taxes: $6,720 A one-of-a-kind downtown penthouse that exemplifies the highest standard of excellence in design and architecture. No detail was overlooked in this unique duplex perched on top of 497 Greenwich, the premier Soho luxury building designed by renowned Dutch architect Winka Dubbeldam. The home is perfectly suited for entertaining with an open and inviting floor plan including a sprawling living room complete with a gas fireplace, separate dining area and an in-home theater. Listed at Citi Habitats by Johnny Lal, 212-685-7777, jlal@citihabitats.com.

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212 West 18th Street, 19B in Chelsea

$13,000,000

441 East 57th Street, 1 in Sutton Place

$12,750,000

Condo (2,691 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Bike Room, Fitness Room, Sauna | Common Charges: $2,546 | RE Taxes: $1,106

Condo (5,500 sf): 10 rooms, 4 beds, 5 baths | Common Charges: $6,907 RE Taxes: $2,212

This high-floor residence, with mesmerizing 360-degree views, is available for immediate occupancy. Listed at Douglas Elliman by Vickey Barron, 212-891-7604, vbarron@elliman.com.

Stunning, modern townhouse living within a boutique newly constructed condominium. Listed at Town Residential by Valerie Jean Garduno, 917-406-0131, vgarduno@townrealestate.com.

$13,750,000

40 Bond Street, TH1 in Noho Condo (3,739 sf): 7.5 rooms, 3 beds, 4 baths | Amenities: Garden, Fitness Room, Private Storage | Common Charges: $5,485 | RE Taxes: $2,015

Located in a historic neighborhood containing the most magnificent cast-iron buildings in the world, 40 Bond is an architectural masterpiece conceived by Ian Schrager and designed by Pritzker Prize–winning architects Herzog & de Meuron. An instant landmark, the building offers unprecedented, innovative and sophisticated layouts, details and finishes, and embodies the revolutionary concept of effortless luxury living. TH1 is an exquisitely renovated 25-foot-wide triplex townhouse with private gated entrance on Bond Street. Listed at Douglas Elliman by Dennis Mangone, 212-418-2060, dmangone@elliman.com.

72 | Luxury Listings NYC | May/June 2014

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1115 Fifth Avenue, 9B on the Upper East Side

$13,900,000

400 West 12th Street, TH5 in the West Village

$14,000,000

Co-op: 10 rooms, 3 beds, 4.5 baths | Amenities: Fitness Room, Laundry Room, Private Storage | Maintenance: $7,166

Condo (4,865 sf): 10 rooms, 5 beds, 5.5 baths | Amenities: Bike Room, Garage, Health Club | Common Charges: $7,106 | RE Taxes: $1,750

Off a semi-private landing, the dramatic 40-foot gallery provides an impressive entry and an ideal space for grand entertaining. Listed at Brown Harris Stevens by Scott Moore, 212-588-5608, smoore@bhsusa.com.

Superior Ink’s townhouses provide an exceptional quality of life on a treelined, cobbled-stone street of the West Village. Listed at the Related Companies by Leslie Wilson, 212-633-1717, lwilson@related.com.

737 Park Avenue, 14E on the Upper East Side

$14,000,000

770 Park Avenue, 4/5B on the Upper East Side

$14,500,000

Condo (4,382 sf): 7 rooms, 5 beds, 7.5 baths | Amenities: Bike Room, Fitness Room, Laundry Room | Common Charges: $4,597 | RE Taxes: $4,710

Co-op: 11 rooms, 4 beds, 5.5 baths | Amenities: Health Club, Playground, Private Storage | Maintenance: $10,190

Located on the northeast corner of 71st Street, 737 Park Avenue is a luxury condominium perfectly situated on the Gold Coast of Park Avenue. Listed at Corcoran by Deborah Kern, 212-572-3190, deborah.kern@corcoran.com.

Stunning and spectacularly renovated 11-room duplex in the most soughtafter Rosario Candela building. Listed at Sotheby's by Serena Boardman, 212-606-7611, serena.boardman@sothebysrealty.com.

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May/June 2014 | Luxury Listings NYC | 73

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33 East 74th Street, 4B on the Upper East Side

$14,750,000

$15,000,000

551 West 21st Street, 12A in Chelsea

Condo (3,889 sf): 6 rooms, 3 beds, 3 baths | Amenities: Fitness Room, Rooftop Deck, Private Storage | Common Charges: $5,247 | RE Taxes: $6,329

Condo (4,298 sf): 8 rooms, 4 beds, 4.5 baths | Amenities: Pool, Rooftop Deck Common Charges: $6,739 | RE Taxes: $5,259

Nestled in the heart of the Upper East Side, this is part of a collection of ten spectacular residences. Listed at Douglas Elliman by Katherine Gauthier, 212-769-9832, kgauthier@elliman.com.

This extraordinary home features four exposures with panoramic views of the Hudson River, Midtown and Downtown. Listed at Brown Harris Stevens by Erin Boisson Aries, 212-317-3680, earies@bhsusa.com.

$15,000,000

111 West 67th Street, 21E on the Upper West Side Condo (4,320 sf): 10 rooms, 4 beds, 4 baths | Amenities: Bike Room, Health Club For A Fee, Pool | Common Charges: $4,276 | RE Taxes: $4,397

Space, light and views are the winning combination that propels this brilliantly located, high-floor condominium into rarified territory. Wrapped in glass and affording fabulous vistas towards Central Park and points north, this stylish and comfortable mint home is in the prime portion of Manhattan’s Upper West Side, and allows for both ease of daily living and grand and gracious entertaining. Surrounded with light, a new and professionally equipped open kitchen with large banquette area flows seamlessly into a 42-foot-by-20-foot great room. Listed at Corcoran by Sherry Matays, 212-875-2831, sam@corcoran.com.

74 | Luxury Listings NYC | May/June 2014

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177 Ninth Avenue, PHA in Chelsea

$16,000,000

200 East 69th Street, PHC on the Upper East Side

$15,900,000

Condop (3,452 sf): 6 rooms, 4 beds, 3.5 baths | Amenities: Bike Room, Garage, Garden Maintenance: $6,449

Condo: 7 rooms, 4 beds, 4.5 baths | Amenities: Bike Room, Garage, Courtyard Common Charges: $5,025 | RE Taxes: $8,574

The incomparable southwest penthouse at the Chelsea Enclave offers 3,400 square feet of tranquil living encased in a 10-foot wall of glass. Listed at Douglas Elliman by Jan Hashey, 212-206-2804, jhashey@elliman.com.

Spectacular and awe-inspiring. Listed at Town Residential by Brett Miles, 646-998-7427, brett@townrealestate.com.

132 East 65th Street, PH1 on the Upper East Side

$15,500,000

Condo (4,346 sf): 9 rooms, 5 beds, 5.5 baths | Amenities: Fitness Room, Lounge, Rooftop Deck | Common Charges: $6,981 | RE Taxes: $987 Set atop The Touraine, this home is the last sponsor unit at the stunning new boutique condominium. Enjoy city views and plenty of sun and open sky from the North, East & West exposures. A grand living area features a gas fireplace and formal dining room. The state-of-the-art gourmet eat-in kitchen is equipped with Gaggenau appliances, honed Italian Calacatta marble, and Sub-Zero refrigerator. Listed at Douglas Elliman by Neal Sroka, 212-891-7280, SrokaTeam@elliman.com.

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May/June 2014 | Luxury Listings NYC | 75

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26 East 63rd Street, 12AF on the Upper East Side

$16,250,000

15 Central Park West, 9G on the Upper West Side

$17,000,000

Condo (3,650 sf): 9 rooms, 4 beds, 5 baths | Amenities: Laundry Room, Common Storage Room | Common Charges: $3,976 | RE Taxes: $5,050

Condo (2,237 sf): 7 rooms, 3 beds, 3.5 baths | Amenities: Driveway, Garage, Courtyard Common Charges: $4,205 | RE Taxes: $2,516

Located in the Leonori, this penthouse is situated on the top two floors of one of Madison Avenue’s most revered prewar buildings. Listed at Douglas Elliman

by Jared LaFrenais, 212-358-4353, jlafrenais@elliman.com.

The only three-bedroom, 3.5-bath currently on the market at the famed 15 CPW tower with a magnificent terrace. Listed at Brown Harris Stevens by Kyle W. Blackmon, 212-588-5648, kblackmon@bhsusa.com.

25 Columbus Circle, 66A on the Upper West Side

$16,950,000

Condo (2,632 sf): 5 rooms, 3 beds, 3.5 baths | Amenities: Garage, Health Club, Pool | Common Charges: $5,172 | RE Taxes: $5,599 Stellar Time Warner condo, sixty-six floors above Central Park. This could be your sanctuary with Columbus Circle right beneath. Enter the gallery, which is the perfect introduction to this stunning home. The oversized, almost square Great Room faces north and east with sensational Central Park views and beyond. The windowed kitchen with breakfast area features north facing views of the park as well. Listed at Corcoran by Deborah Grubman, 212-836-1055, dg@corcoran.com.

76 | Luxury Listings NYC | May/June 2014

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155 West 11th Street, 11A in Greenwich Village

$17,525,000

521 Park Avenue, 6FLR on the Upper East Side

$17,850,000

Condo (3,951 sf): 7 rooms, 4 beds, 4.5 baths | Amenities: Bike Room, Garage, Courtyard | Common Charges: $7,039 | RE Taxes: $6,899

Condo (4,500 sf): 10 rooms, 4 beds, 4.5 baths | Amenities: Fitness Room, Laundry Room | Common Charges: $7,645 | RE Taxes: $2,964

This spectacular residence boasts panoramic views to the south and west through floor-to-ceiling windows and south facing Juliet balconies. Listed by Greenwich Lane Sales Center, 212-633-1112, info@thegreenwichlane.com.

The sixth floor of 521 Park Avenue offers one of the rarest of commodities in New York, a prewar condominium on Park Avenue. Listed at Brown Harris Stevens by Richard Ferrari, 212-396-5885, rferrari@bhsusa.com.

1 Central Park South, 1707 in Midtown

$17,950,000

785 Park Avenue, 17BC on the Upper East Side

$18,500,000

Condo (2,975 sf): 7 rooms, 3 beds, 3.5 baths | Amenities: Courtyard, Spa Services, Fitness Room | Common Charges: $3,833 | RE Taxes: $3,250

Co-op (3,500 sf): 6 rooms, 2 beds, 3 baths | Amenities: Bike Room, Fitness Room, Rooftop Deck | Maintenance: $7,760

Welcome to this three-bedroom, three-and-a-half-bath home at the iconic Plaza Residences with sweeping Central Park views! Listed at Corcoran by Bernice Leventhal, 212-937-1699, bernice.leventhal@corcoran.com.

The glamorous six-room Michael Gabellini–designed residence is a contemporary statement in itself. Listed at Sotheby's by Serena Boardman, 212-606-7611, serena.boardman@sothebysrealty.com.

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May/June 2014 | Luxury Listings NYC | 77

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56 Leonard Street, PH52A in Tribeca

$18,750,000

10 West Street, PH2C in Battery Park City

$19,000,000

Condo (3,658 sf): 7 rooms, 4 beds, 4.5 baths | Amenities: Bike Room, Health Club, Fitness Room | Common Charges: $3,755 | RE Taxes: $1,613

Condo (4,293 sf): 7.5 rooms, 4 beds, 5 baths | Amenities: Garage, Courtyard, Garden Common Charges: $5,460 | RE Taxes: $6,977

Expansive residence featuring private entrance with north, west and south exposures framing Midtown’s spires, the Hudson and One World Trade. Listed by 56 Leonard Sales Center, 212-965-1500, info@56leonardtribeca.com.

Offering almost 150 feet of windows facing south and west, this duplex affords its owner extraordinary Hudson River views from every room. Listed at Corcoran by Shelley O’Keefe, 212-634-6515, sfo@corcoran.com.

775 Park Avenue, 10/11C on the Upper East Side

$19,500,000

737 Park Avenue, 20A on the Upper East Side

$19,695,000

Co-op: 12 rooms, 5 beds, 4.5 baths | Amenities: Fitness Room, Private Storage Maintenance: $9,600

Condo (4,336 sf): 7 rooms, 3 beds, 4.5 baths | Amenities: Fitness Room, Prewar RE Taxes: $4,661

Located in one of Park Avenue’s finest prewar co-ops, this classic 12-room duplex commands over 100 feet of Park Avenue frontage. Listed at Brown Harris Stevens by Mary Fitzgibbons, 212-906-9259, mfitzgibbons@bhsusa.com.

Located on the northeast corner of 71st Street, 737 Park Avenue is a luxury condominium perfectly situated on the Gold Coast of Park Avenue. Listed at Corcoran by Hilary Landis, 212-605-9217, hjl@corcoran.com.

78 | Luxury Listings NYC | May/June 2014

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1 North Moore Street, TH in Tribeca

$20,000,000

Condo (7,000 sf): 11 rooms, 5 beds, 4.5 baths | Amenities: Private Storage | Common Charges: $4,696 | RE Taxes: $5,016 Enjoy the best of both worlds by living in a full-service doorman building with the benefit of your own discrete entrance and private planted garden.

The townhouse unit is a 7,000-square-foot brand new home with a two-car garage. The building is located on arguably the best corner in Tribeca.

Listed at Douglas Elliman by Fredrik Eklund, 212-727-6158, feklund@elliman.com.

471 Washington Street, 5/6 in Tribeca

$21,500,000

Condo (6,559 sf): 13 rooms, 5 beds, 5 baths | Amenities: Private Storage | Common Charges: $8,563 | RE Taxes: $362 The opportunity awaits to combine two full-floor contemporary lofts at this boutique condominium located in Tribeca’s Historic District. When joined, this five-bedroom home will have three exposures and five private outdoor spaces. Enjoy stunning protected Hudson River views from the 18-foot-by-41-foot terrace off the open living area on the upper level. Listed at Douglas Elliman by Alexis Demirjian, 212-965-6065, ademirjian@elliman.com.

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May/June 2014 | Luxury Listings NYC | 79

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975 Park Avenue, PH on the Upper East Side

$22,000,000

60 Warren Street, PH in Tribeca

$24,500,000

Co-op: 12 rooms, 5 beds, 4 baths | Amenities: Bike Room, Fitness Room, Laundry Room | Maintenance: $10,040

Condo (10,911 sf): 19 rooms, 7 beds, 5.5 baths | Amenities: Private Storage Common Charges: $9,523 | RE Taxes: $8,215

This penthouse occupies the entire 17th floor and has expansive terraces wrapping around all four of the apartment's exposures. Listed at Sotheby's by Juliette Janssens, 212-606-7670, Juliette.Janssens@sothebyshomes.com.

Phenomenal finishes abound in this five-story penthouse in the heart of Tribeca. Listed at Sotheby’s International Realty by Stephen McRae, 212-431-2424, Stephen.Mcrae@sothebysrealty.com.

200 Eleventh Avenue, PH1 in Chelsea

$23,000,000

Condo (3,598 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Garage, Garden, Fitness Room | Common Charges: $6,090 | RE Taxes: $1,607 The One Penthouse. Brought to you by Young Woo & Associates in collaboration with world-renowned Dutch architecture firm MVRDV, Penthouse 1 at 200 11th Avenue is now on the market for the first time since its sponsorship. Listed at Nest Seekers International by Ryan Serhant, 646-443-3739, ryans@nestseekers.com.

80 | Luxury Listings NYC | May/June 2014

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$24,950,000

1185 Park Avenue, PH16G on the Upper East Side Co-op: 11 rooms, 5 beds, 6 baths | Amenities: Bike Room, Courtyard, Fitness Room | 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 Avenue's most prestigious white-glove co-operatives, this fabulous prewar 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.

$25,000,000

21 East 26th Street, PH in the Flatiron District Condo (6,540 sf): 15 rooms, 4 beds, 6.5 baths | Amenities: Fitness Room, Cold Storage, Private Storage | Common Charges: $7,860 | RE Taxes: $14,322

The magnificent penthouse duplex at The Whitman features over 6,500 square feet of interior space and four terraces totaling over 3,000 square feet. This sprawling home features exquisite finishes, an Arclinea chef's kitchen, ceiling heights up to 12 feet, 4 inches, and direct views onto Madison Square Park. The boutique condo features a full-time doorman, gym, private storage, and private elevator landings. Listed at Douglas Elliman by Melanie Lazenby, 212-727-6131, mlazenby@elliman.com.

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May/June 2014 | Luxury Listings NYC | 81

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22 Central Park South, PH in Midtown

$26,500,000

151 East 78th Street, PHC on the Upper East Side

$27,500,000

Condo (2,943 sf): 6 rooms, 3 beds, 3.5 baths | Common Charges: $6,248 RE Taxes: $4,171

Condo (6,924 sf): 10 rooms, 6 beds, 7.5 baths | Amenities: Bike Room, Garden, Fitness Room | Common Charges: $9,139 | RE Taxes: $5,635

With the soaring towers of Manhattan as its backdrop, the duplex full-floor penthouse is private and one of a kind. Listed at Brown Harris Stevens by Lisa Lippman, 212-588-5606, llippman@bhsusa.com.

One of the best and most thoughtfully designed penthouses on the Upper East Side. Listed at Stribling by Cathy Taub, 212-452-4387, ctaub@stribling.com.

25 Columbus Circle, 70B on the Upper West Side

$31,500,000

Condo (3,491 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Garage, Health Club, Pool | Common Charges: $6,899 | RE Taxes: $6,466 This spectacular modern home in the south tower of the Time Warner Center is a dramatic duplex with its own elevator. Designed and renovated by awardwinning 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 and the Hudson River. Listed at Corcoran by Barbara Hochhauser, 212-836-1035, bgh@corcoran.com.

82 | Luxury Listings NYC | May/June 2014

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28 East 70th Street, 9/10 on the Upper East Side

$28,000,000

1040 Fifth Avenue, 14A on the Upper East Side

$38,000,000

Condo (7,536 sf): 17 rooms, 8 beds, 8.5 baths | Amenities: Rooftop Deck Common Charges: $14,480 | RE Taxes: $14,166

Co-op: 10 rooms, 3 beds, 3.5 baths | Amenities: Private Storage Maintenance: $12,040

Stylishly renovated, this sprawling 17-room prewar condo boasts open exposures in four directions. Listed at Sotheby’s by Serena Boardman, 212-606-7611, serena.boardman@sothebysrealty.com.

This architectural masterpiece was created in a prewar context that enjoys unparalleled views of Central Park, the Midtown skyline and down Fifth Avenue.

Listed at Corcoran by Sharon Baum, 212-836-1036, seb@corcoran.com.

$50,000,000

70 West 45th Street, PH123 in Midtown Condo (8,263 sf): 20 rooms, 5 beds, 7.5 baths | Amenities: Outdoor Parking, Garden, Hotel Style Service | Common Charges: $12,979 | RE Taxes: $1,016

This rarest of opportunities to bring your Manhattan dream home to realization high above Midtown is unequalled and unprecedented. A multi-story penthouse showplace in the sky combining all top floor penthouses into one single, palatial home, masterfully designed and defined by exquisite 360 views that will awe the senses and suit the most discerning buyer. Your crown jewel at the ultra-luxurious Cassa Hotel & Residences will be of the grandest proportions, delivering luscious light and breath-stopping views on three and a half floors, from four wide-open exposures. Listed at Douglas Elliman by Yair Tavivian, 212-319-4109, ytavivian@elliman.com.

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May/June 2014 | Luxury Listings NYC | 83

Hamptons

LISTINGS

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Properties

$12,300,000

House in Bridgehampton House (7,000 sf): 6 beds, 6 baths | Amenities: Fireplace, South Of Highway, Garage Parking

On over an acre, a stone’s throw from the ocean, is this two-story modern masterpiece designed by renowned architect Frank Greenwald, and constructed to the highest standards by master builder Ben Krupinski. This casually elegant home features a great room with stacked stone wall and fireplace, chef’s kitchen with top-of-the-line appliances, custom mahogany doors and windows, special wood treatments, and Crestron technology both inside and out. Listed at Sotheby’s

by Beate Moore, 631-537-6000, Beate.Moore@sothebyshomes.com.

403 Jobs Lane in Bridgehampton South

$9,995,000

33 Mill Creek Close in Water Mill

$10,800,000

House (6,150 sf): 5 beds, 6 baths | Amenities: Gambrel, Garage, Pool

House (14,000 sf): 8 beds, 12 baths | Amenities: Heated pool, South of the Highway

A magnificent gambrel shingle–style home with private guest quarters, featuring five bedrooms and a two-car garage. The first floor offers a great living room and dining room with a fireplace. Listed at Douglas Elliman by Chad Michelini, 631-537-7430, Chad.Michelini@elliman.com.

Epitomizing the luxury and relaxation of the Hamptons, this spectacular house and property spanning 1.25 acres south of the highway in Water Mill awaits a new owner to savor all its pleasures. Listed at Corcoran by by Gary DePersia, 631-899-0215, GDP@corcoran.com.

84 | Luxury Listings NYC | May/June 2014

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$13,950,000

1341 Flying Point Road in Water Mill South House (3,500 sf): 4 beds, 3 baths | Amenities: South Of Highway

Majestically sitting atop a dune, protected by a steel bulkhead, this renovated oceanfront home boasts views of both the Atlantic Ocean and Mecox Bay from every room. 180-degree ocean views and southern exposure sunlight light pour into the open living room with oversized fireplace, dining area and gourmet kitchen, all of which open up to expansive decks facing the ocean. Listed at Douglas Elliman by Lynda Packard 631-204-2747, Lynda.Packard@elliman.com.

House in Noyack

$13,000,000

House in Southampton Village

$14,250,000

House (6,000 sf): 7 beds, 7 baths | Amenities: Fireplace, Garage Parking, Patio

House (9,500 sf): 10 beds, 10 baths | Amenities: Fireplace, South Of Highway, Patio

This Roger Ferris-designed, ultra-modern, seven-bedroom residence with guest house is oriented to spectacular bay views to optimize indoor/outdoor beachfront living, openness, and natural light. Listed at Sotheby’s by Harald Grant, 631-283-0600, Harald.Grant@sothebyshomes.com.

Rare and very special offering. A home for generations to come, this important residence was originally built in 1895 and renovated to the highest standards in 2002 and again in 2007. Listed at Sotheby’s by Pat Petrillo, 631-283-0600, Pat.Petrillo@sothebyshomes.com.

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Hamptons

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Properties

$22,900,000

House in Sagaponack Village South House (5,550 sf): 4 beds, 6 baths | Amenities: South Of Highway, Oceanfront

Captivating beachfront residence in Sagaponack Village South is situated on 145 feet of oceanfront as well as featuring sunset views of farmfield reserves.

The residence has been expertly renovated in 2009. Tastefully decorated, the main house is turn-key complete. Terraces on both levels guarantee breathtaking views of stunning Sagaponack land and seascapes. Interior includes a first-floor master suite and master bath each with a fireplace and ocean views.

Listed at Corcoran by Biana Stepanian, 631-899-0125, bstepanian@corcoran.com.

House in Sagaponack

$19,850,000

House in Shelter Island

$28,500,000

House (4,300 sf): 4 beds, 4 baths | Amenities: Swimming Pool, South Of Highway

House (23,000 sf): 10 beds, 9 baths | Amenities: Garage Parking, Fireplace

This chic, crisp and stylish contemporary residence is of exceptional design, and built to the highest quality. Listed at Corcoran by Tim Davis, 631-283-7300, tgdavis@corcoran.com.

Offered for the first time, this magnificent estate built in 2007 showcases panoramic views of Coecles Harbor from its highest point. Listed at Sotheby’s

by Beate Moore, 631-537-6000, Beate.Moore@sothebyshomes.com.

86 | Luxury Listings NYC | May/June 2014

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$32,950,000

Rose Hill Point in Water Mill House (15,000 sf): 7 beds, 12 baths | Amenities: South Of Highway, Fireplace, Garage Parking

Cross an exquisite yacht with an extraordinary estate and you will find this incredible waterfront property. On 2.3 acres, this 15,000-square-foot home designed

by Val Florio may be the most spectacular residence on Mecox Bay. A dramatic foyer leads to living areas including a great room, dining room, chef’s kitchen with living room, theater, and game room with walk-in wine cellar. A sunroom with bath serves the pool area. Listed at Sotheby’s by Harald Grant, 631-283-0600, Harald.Grant@sothebyshomes.com.

House in East Hampton

$45,000,000

180 Great Plains Road in Southampton Village

$36,000,000

House (7,500 sf): 7 beds, 6 baths | Amenities: Fireplace, Garage Parking, Patio

House (6,000 sf): 6 beds, 7 baths | Amenities: Swimming Pool, South Of Highway

Spectacular water views with 310 feet of frontage directly on Georgica Pond, plus a private dock. Adjacent land available separately. Listed at Sotheby’s

by Frank Newbold, 631-324-6000, Frank.Newbold@sothebyshomes.com.

This exceptional, sub-dividable, eight-acre property is in one of the most desirable locations in the Southampton Estate section, and this is the first time it is on the market in more than half a century. Listed at Douglas Elliman by Michaela Keszler, 631-204-2743, Michaela.Keszler@elliman.com.

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May/June 2014 | Luxury Listings NYC | 87

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Properties

32 Middle Lane in East Hampton

$35,500,000

House (8,268 sf): 6 beds, 5 baths | Amenities: Garage Parking, Swimming Pool East Hampton traditional home situated on nearly 5.5 acres with a pool, pond and guest house. The home includes six bedrooms, formal dining room and a state-of-the-art kitchen, all just one block off of the ocean. The home was designed in 1931 by famed architect Amayar Embry II. Listed at Douglas Elliman

by Paul Brennan, 631-537-4144, Paul.Brennan@elliman.com.

House in Southampton Village

$45,500,000

House (6,700 sf): 7 beds, 9 baths | Amenities: South Of Highway, Garage Parking, Swimming Pool This exquisite first offering features unprecedented panoramic ocean, pond and dune views and is located in the much-desired Murray compound, the historic epicenter of New York and Southampton Society in the 1920s. Designed by award-winning architect Francis Fleetwood, this traditional Hamptons’ shinglestyle home is surrounded by 4.5 acres of dunes, over 500 feet of white, sandy ocean beach, and the pristine natural beauty of Wickapogue Pond. Listed at Douglas Elliman by Erica Grossman, 631-204-2723, Erica.Grossman@elliman.com.

88 | Luxury Listings NYC | May/June 2014

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38 Two Mile Hollow Road in East Hampton

$45,000,000

House (8,000 sf): 13 rooms, 8 beds, 9 baths | Amenities: South Of Highway, Garage Parking, Swimming Pool East Hampton oceanfront estate on three acres, with an infinity pool, tennis and a beachfront bungalow. The three-story home has eight bedrooms and five fireplaces. The newly constructed home, which was designed by renowned architectural firm AML, also includes a state-of-the-art kitchen and plenty of room for entertaining. Listed at Douglas Elliman by Raymond Smith, 631-204-2728, Raymond.Smith@elliman.com.

315 Rose Hill Road in Water Mill South

$58,500,000

House (20,000 sf): 8 beds, 10 baths | Amenities: South Of Highway, Garage Parking, Swimming Pool Masterpiece mansion blends Old World elegance with modern convenience. The estate sits on more than four acres with mature landscaping on Mecox Bay. No detail has been spared in this exceptional eight-bedroom home, featuring eight fireplaces with early 19th-century mantles, coffered ceilings, over 120 exterior architectural brackets, and gracious balconies overlooking the estate. The grand entrance opens to a cast bronze double staircase and a 19th-century stained-glass skylight. Listed at Douglas Elliman by Paul Brennan, 631-537-4144, Paul.Brennan@elliman.com.

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May/June 2014 | Luxury Listings NYC | 89

CLOSING TALLY

LUCKY NUMBERS

From rising balloons to rising rents — real estate stats to know now

By Reshmi Kaur Oberoi

T

o talk real estate in New York City is to address some seriously large numbers. Say, for example, $1 million — which is the approximate asking price for a cleverly designed 420-square-foot Greenwich Village studio — or 43, which is the number of homes in the city that sold at a whopping $10 million or more last year. Read on for more fun facts.

2.5%

Percent increase in Manhattan’s population since 2010

$995,000

Asking price for a 420-square-foot “foldable” studio in Greenwich Village. The award-winning design allows the space to accommodate a sit-down dinner for 12, or two overnight guests.

43

Number of home sales in NYC last year priced at $10 million or higher. Los Angeles comes in second, with 27 sales at $10 million and up, followed by Beverly Hills with 26.

9,300

Number of units at extended-stay hotels in the New York metro area

1,900

Number of extended-stay hotel units that are currently under construction

$22,500

Average of holiday tips given in 2011 to employees at 15 Central Park West, according to Michael Gross’s recent book, “House of Outrageous Fortune”

$600,000

Salary of 15 Central Park West’s resident manager — before tips

$66,600

Annual mean wage for interior designers in the New York metro area

$377

Licensure fee to become a certified interior designer in New York State

75%

Percent increase in rent in the city since 2000, according to the NYC Comptroller’s office

47%

Percentage of listings in New York City priced over $20 million that undergo at least one price change

1,376

Maximum height, in feet, reached by “Lucy,” a balloon used to scout views for real estate developers and architects

Sources: Real Estate Weekly, Curbed, Coldwell Banker Previews International, New York Times, New York Magazine, Bureau of Labor Statistics, New York State Education Department, Crain’s, Wall Street Journal

90 | Luxury Listings NYC | May/June 2014

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Let California Closets help you create the home you’ve always dreamed of with our exclusive finishes, beautiful custom accessories, and exceptional designs. Whether it’s a smaller project or full home remodel, our designers will design a solution just for you and the way you live.

Call us today or visit your local showroom for a free design consultation.

MANHATTAN & BROOKLYN 1625 York Ave. NY 26 Varick St., NY 646.486.3905 WESTCHESTER & HUDSON VALLEY 16 Saw Mill River Rd., Hawthorne 914.592.1001 NASSAU & QUEENS 981 Northern Blvd., Manhasset CaliforniaClosets.com

516.334.0077

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SHOP TOP DESIGNERS F R E E S H I P P I N G . F R E E R E T U R N S . A LW AY S .

dress: MARY KATRANTZOU necklace: SARAH ANGOLD

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