Luxury Listings NYC | September/October 2013

VOLUME 01 ISSUE 05

SEPTEMBER/OCTOBER 2013

www.llnyc.com

NEW YEAR, NEW LOOK

10 sizzling (and affordable) design trends for 2014 p14

HOUSE DIVIDED

A divorce doesn’t always mean a nasty real estate fight p12

Rock-Bottom Monthly Fees Which NYC condos have the lowest common charges p18

The All Cash Deal How to do one without really breaking the bank p26

PLUS Inside the home of Ryan Serhant

‘Million Dollar Listing’ star shows off his bachelor pad p8

A PUBLICATION OF

Equal Housing Opportunity.

Equal Housing Opportunity.

|

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

Equal Housing Opportunity.

© 2013. Douglas Elliman Real Estate.

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

Equal Housing Opportunity.

© 2013. Douglas Elliman Real Estate.

SALES RENTALS | RELOCATION | NEW DEVELOPMENTS | RETAIL | MORTGAGE | PROPERTY MA

ANAGEMENT

|

TITLE INSURANCE

IN THE WORLD OF REAL ESTATE, WHO’S ALWAYS A STEP AHEAD? A successful real estate transaction means having a team that can pull all the elements together flawlessly.

From buying and selling to appraisals, mortgage financing and rentals, top experts on AskElliman.com offer timely answers to today’s questions about all things real estate. With the largest regional and global network, Douglas Elliman has the influence, savvy and resources to personally guide you from beginning to end. Put the power of Elliman to work for you.

SEPTEMBER/ OCTOBER 2013

A place of your own:

This $9.99 million condo on the Upper West Side (see page 80) is one of the prime properties featured in this issue of Luxury Listings NYC.

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Contents

Serhant in his kitchen, well, so to speak

8 | Getting real with a reality star: Ryan Serhant of “Million Dollar Listing New York” opens up about why he rents — and gives us an exclusive tour of his tony digs in the has-it-all nabe of West Chelsea.

Breaking up is hard to do.

12 | Splitsville: Divorce’s biggest heartache just might be figuring out who gets the house. Our legal experts tell how to avoid a property fight.

32 Upper West Side Manhattan Valley, aka a foodie’s haven

34 Midtown Turning the corner in Turtle Bay 36 Gramercy The Flatiron is so hot right now

Luxury Listings NYC

14 | A look inside: The 10 hottest trends for 2014 from New York’s finest interior design minds. Not one will send you to the poor house.

NEIGHBORHOODS

30 Upper East Side Subway work breaks the calm

4

Gray ... the new beige

SEPTEMBER/OCTOBER 2013

38 Chelsea A big piece of green space in glistening Hudson Yards

48 Tribeca Supersize it! Making three pads into one

40 Greenwich Village A hedge funder ascends the throne

50 Lower East Side A piece of punk history

42 Soho Crosby Street: A young man’s shopping mecca

52 Financial District Getting ready for another Sandy

P26 Manhattan market roundup: Behind the all-cash deal is often the post-sale mortgage.

P18 Condos take charge: Buildings across Manhattan are cutting their monthly fees by saving on electricity and renting out storage space.

JULIETTE BALCONY

JULIETTE BALCONY

C

3,708 SQ FT

LINE

5 BEDROOMS 5 B AT H S

FLOORS

2-5

BEDROOM 4

BEDROOM 3

13'-11" X 10'-10"

10'-8" X 13'-11"

POWDER ROOM

FOYER

5TH BEDROOM /MEDIA ROOM

15'-2" X 6'-4"

B R E A K F A S T / F A M I LY R O O M

WIC

WIC

**

WIC

LC

DW

DW

KITCHEN

GALLERY UTILITY ROOM

15'-9" X 13'-10"

9'-8" X 18'-0" D WR

WIC

BREAKFAST/ FAMILY ROOM

W

15'-9" X 9'-6"

O MW WD

WIC CL AV CL

R

CL

CL

MASTER BEDROOM 16'-0" X 16'-10"

GREAT ROOM 17'-6" X 29'-10"

BEDROOM 2 13'-8" X 13'-6"

BEDROOM 5/ MEDIA ROOM

*

*

*

15'-7" X 14'-0"

A modern reflection of historic Tribeca. The Sterling Mason, located at 71 Laight Street, offers thirty-three distinctive residences in a private enclave within downtown’s most desirable landmark district.

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Shown above: With three exposures and over 3,700 SF, Residence C is situated on the northwest corner of The Sterling Mason—light-filled with sixteen windows, five bedrooms, five and a half baths, and a corner Great Room.

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

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

EDITOR’S NOTE PuBLIShER Amir Korangy EdITOR-IN-ChIEF Stuart W. Elliott EdITORIAL dEVELOPMENT dIRECTOR Melanie Gray ART dIRECTOR Gregory Cullen REPORTER/WEB PROduCER Zachary Kussin CONTRIBuTORS Leigh Kamping-Carder, hayley Kaplan, Guelda Voien EdITORIAL OPERATIONS MANAGER Linden Lim dIRECTOR OF MARKETING OPERATIONS Yoav Barilan ASSOCIATE SALES dIRECTOR Ross Fox AdVERTISING SALES Eran Evron, Abi Laoshe, Nick Mascaro, Robert Stearns, Jennie durkovic, Marc Guest FINANCE dIRECTOR Ken Cyrus dIGITAL TRAFFIC MANAGER Junaid Zahid dISTRIBuTION Mitchell’sNY ATTORNEY Barry J. Friedberg Trachtenberg Rodes & Friedberg LLP

T

hE GRILL IS BACK IN ThE GARAGE. ANd ThE KIdS

A must-read for everybody, married or not, is our

are back in school. Yes, it’s sad but true: Summer is over.

piece on divorce. Legal experts give their best advice on

But before you get too down in the dumps, think

how to avoid a nasty property fight. hint: Settle on terms

about all the positives of autumn. There’s flag football, caramel apples, hayrack rides, campfires, and those

Meanwhile, we’re particularly excited to give you an

brilliant red and vibrant orange leaves — if you live

exclusive look at the Chelsea home of “Million dollar

anywhere else in the country. And more crowds, the

Listing” star Ryan Serhant. You’re also invited to meet

New York City Marathon and the Thanksgiving

Day

Parade — if

you live in New York.

Plus, fall is the season for really great real estate deals.

There are just so many more homes to choose from than during the dog days of summer.

So now is a great time to go looking for your dream home — and to rely on Luxury Listings NYC to help with your search. Those of you who have been with us from the beginning — our debut was

End-of-summer sadness? don’t fret. Fall is the season for great NYC real estate deals. There are so many more homes to choose from.

in January — know that we have Luxury Listings NYC is a registered trademark of Luxury Listings NYC LLC. Copyright 2013.

Call 212-260-1332 or email news@LLNYC.com. Warning: It is illegal to photocopy or reproduce any part of Luxury Listings without express written consent.

For reprints and duplication rights, call 212-260-1332. Principal office: 158 West 29th Street, New York, NY 10001.

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

before you tie the knot.

Serhant and the other stars of the hit Bravo real estate reality show during Luxury Listings NYC’s first-ever party, on Oct. 10 in Soho. Check out page 91 for more details.

A

nd be sure to log on to our website, www.LLNYC.com,

for updated property listings and

the latest real estate happenings in your nabe throughout the month. You can also “friend” us on Facebook and Tweet us on Twitter.

Now, really, is there any

pages and pages of condos, co-ops and townhouses. They

reason to be depressed about a rest from mosquitoes

come in all sizes, are in every neighborhood, and range from

and 90-degree temps? We think you’ll say “no” after

the outrageously expensive to the more affordable. And

spending a little time with us.

now we’re devoting even more space to those modestly priced apartments, hoping to be a better resource for the younger crowd.

This issue also comes with lots of news you can use. We showcase 10 design trends for next year — and they’re even ones you can afford. And if you don’t have the house yet, we tell you how to swing an all-cash deal without draining your savings. We also give the lowdown on common charges — which condos in Manhattan have the lowest monthly fees.

SEPTEMBER/OCTOBER 2013

STuART W. ELLIOTT, Editor-in-Chief

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ON THE TUBE

Ryan Dinner guests have a clear view of the open chef’s kitchen.

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Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

on the move

Reality TV’s Serhant likes the convenience of renting

By Zachary Kussin

Cupboards and side-by-side refrigerators show a muted color palette.

Ryan SeRhant, of BRavo’S “Million DollaR liSting new yoRk,” doesn’t own a home and doesn’t want to — at least not right now.

If that seems contrary to reason for a real estate broker and coincidental reality TV star, it is. And Serhant admits he should pony up for an apartment and quit paying those exorbitant Manhattan rents.

“It doesn’t make any sense,” he confided during a tour of his new digs in West Chelsea. “If you have the money for a down payment, everyone should buy.”

But Serhant, who acted in college, just can’t force himself to follow his own advice. At this stage of his life, the 29-year-old Boston native needs the flexibility and convenience of a lease.

At the beginning of the year, Serhant moved into his West 25th Street one-bedroom, twobath pad for what he considers two very good reasons: The price for the large space dropped from $6,450 to $6,000 a month — a (relative) deal by New York City standards — and the location is a short hop to where he works in Tribeca

as an executive senior vice president for Nest Seekers International.

West Chelsea is one in a long line of neighborhoods where Serhant has hung his hat at one time or another. The others, so far: the Upper East Side, Midtown and the Financial District.

“I want to move around the city as much as possible,” he said. “Because I sell real estate, I want to be able to know the product and live in the product.”

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

9

ON THE TUBE a mix of photos and plaques....

Serhant’s favorite piece of furniture is a black leather couch. The chair is made of cowhide.

Serhant is so busy, though, that he spends most of his time at the office.

Still, Serhant is effusive about what he considers his “ideal space.”

“When I come here,” he said, “I can just pass out.”

The airy living room is ideal for entertaining and has lots of windows that let guests take in the High Line, the abandoned rail line transformed into a park.

Serhant has settled on sleek, modern furnishings, from Danish manufacturer BoConcept, and has decorated the walls with artwork by friends, flyers from college productions and ads from his two years as a hand model.

Right now, Serhant isn’t sure where his next stop will be — he has another 15 months or so on his lease — but it won’t be outside of Manhattan: “I don’t know how to get to Brooklyn.”

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1 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.

This offer is not a commitment to lend and is subject to change without notice. There is no charge for the SureStart pre-approval, but standard application and commitment fees apply.

2 Citi’s Homebuyer’s Advantage provides eligible buyers who are purchasing a home with a credit equal to .50% of the loan amount. The credit can be used to pay closing costs or to help lower the interest rate by paying points. The maximum credit cannot exceed $15,000 which is based on a $3,000,000 loan. The credit cannot result in cash back to the customer. The Homebuyer’s Advantage cannot be combined with any other offer and is not available for applications already submitted. Citi reserves the right to change or discontinue this special program at any time.

3 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.

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4 Minimum combined balance requirements apply.

This is not a commitment to lend. All loans are subject to credit and property approval. Certain restrictions may apply on all programs. Terms, conditions and fees for accounts, products, programs and services are subject to change. © 2013 Citibank, N. A. equal housing lender, member FDIC. NMLS# 412915. Citi, Citibank, Arc Design and Citi with Arc Design are registered service marks of Citigroup Inc.

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SEPARATE LIVES

A house (civilly) How to avoid a real estate tug-of-war if you’re headed for divorce court

By Zachary Kussin DIVORCE CAN BE MESSY, ESPECIALLY WHEN THE COUPLE CAN’T AGREE on how to divvy up their valuables — the kids, the cars and, most definitely, the house.

And now with gains made on the same-sex marriage front, more and more Americans are grappling with how to avoid a real estate tug-of-war if they split. Nationwide, half of all unions end up broken, though fewer than one in 10 couples in the city go their separate ways.

The prenup Hip-hop artist Kanye West proclaims “We want prenup” in his hit “Golddigger” single, but a premarital agreement isn’t just for the rich and famous anymore.

Both divorce and real estate attorneys generally agree that a prenup is a good thing to sign before getting a marriage license — and couples are taking their advice. From 2005 to 2010, for example, nearly three-quarters of the 1,500-member American Academy of Matrimonial Lawyers saw a jump in the contracts. Academy president Alton Abramowitz has seen the number climb to as many as four clients a month, up from one or two a year in the 1970s.

“You’ve got to plan for the worst,” explained celebrity divorce lawyer Raoul Lionel Felder, whose clients have included former mayor Rudy Giuliani (from TV personality Donna Hanover) and concert promoter David Gest (from Oscar winner Liza Minnelli).

A prenup protects each spouse’s assets, laying out what stays separate property — Grandma’s china, for example, or that IBM stock from Dad — and establishing the rules for asset division if the marriage dissolves.

“I yell very few times,” said real estate attorney Adam Leitman Bailey. “But when they’re not signing a prenup and they’re not worried about it because they’re going to be together forever, I start yelling.”

A paper trail Prenup or not, every couple should keep detailed financials about their home — how much each contributed to the down payment, who picked up the tab for the new floors or the refrigerator, and so forth, advises Jessica Leonard, a divorce attorney at Berkman Bottger Newman & Rodd.

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Luxury Listings NYC

Within a year or so after taking their vows, most young marrieds buy their first home. They have a baby, and they sell their starter apartment because they need an extra bedroom. Then, they fix up the second place, too.

The scenario is one that has played out literally millions of times — and has turned out just fine. But even though happily-ever-afters insist that they’ll never part, lawyers know better — and suggest a few simple things that both spouses should do to protect their interests:

Then, after all the work is done, the pair should find out the value of their home, said Malcolm Taub, a divorce lawyer at Davidoff Hutcher & Citron. A real estate broker can give a good ballpark figure for free; an assessment by a licensed appraiser generally costs a few hundred dollars.

If Splitsville is in the cards, the records and the appraisal usually speed up the settlement. The appraisal will already be done and the records prove which spouse paid for what.

For sale For the couple who finds their marriage beyond repair, their first priority — obviously — is to get away from each other. Often, both spouses want the house — an impossibility without living together.

The reasons for wanting the apartment are both financial and emotional, according to Carol Butler, a psychotherapist and divorce mediator.

“They both feel it’s their home and neither one wants to leave,” said Butler, who wrote “The Divorce Mediation Answer Book.” It’s “also because so much money or value is tied up in the home that it must be sold if both people are going to be able to afford separate residences.”

Trying to make the negotiations less painful, Butler asks both spouses to really be honest about why they don’t want to move and what it would take get them to leave. Sometimes they can reach a compromise, sometimes they can’t.

With so many memories tied to their home, Butler said, a couple often decides the better choice is to sell.

“A new place can be positive, a new start, an opportunity to express themselves in a way that might have been curtailed by the former spouse’s taste.”

There are times, though, when only one spouse wants the apartment. It can make the divorce go

SEPTEMBER/OCTOBER 2013

divided “I yell very few times.

But when they’re not signing a prenup, I start yelling.”

BUYING A HOME BEFORE SAYING ‘I DO’ Millennials are throwing tradition to the wind and switching up the order of their lives

—Adam Leitman Baily, real estate attorney

“First comes love, then comes marriage. …” goes the playground song. In real life today — for the younger generation — first comes love, then comes a mortgage.

Millennials are ordering their lives far differently than their parents and grandparents did, buying a home before tying the knot, a survey from Coldwell Banker Real Estate shows.

One in four couples in the 18-to-34 age category bought a house together before they took their vows, according to the roughly 2,100 homeowners nationwide who responded to an online questionnaire this spring. For pairs 45 and older, the number worked out to be slightly more than one in 10.

“It’s almost like buying a home is the new engagement ring,” psychotherapist Robi Ludwig, who worked on the survey, told USA Today.

smoother — if the partner has the cash or financing for a “buyout,” Leonard said. Or it can make life living hell for both parties if they can’t agree on a price.

If both partners just want out, they need a broker who is clearly not going to take sides, advises Jeremy Stein, a senior vice president at Sotheby’s International Realty.

“Hire somebody to sell it and sell it,” he said.

Neutrality is essential to getting the best deal, Stein said. So is staying tight-lipped because buyers often think they’re going to get a bargain if they know the sellers are breaking up, said Douglas Elliman broker Frances Katzen.

During an open house, many buyers look for clues to why a home is on the market, she said. A common one: half-empty closets, especially in the master bedroom.

“People are really interested in other people’s business,” Katzen said. They want to get a sense of who the owners are — their interests and tastes — but “they also want to know the motivation” behind the sale.

Katzen’s best advice to everyone involved — sellers and brokers: Keep quiet. And to buyers, she cautions that “divorce” doesn’t always mean “steal.”

The price depends on how much money the sellers have and how quickly they want to unload their property.

“If it’s a wealthy couple,” she said, “it doesn’t necessarily mean it’s going to be a fire sale.”

When the house is sold — and it will be — Stein and Butler have the same advice for the divorced couple: Both point out the strong emotional ties to a house — much deeper often than other assets, but the no-longer-dynamic duo needs to move on.

“Ultimately,” Stein said, “you have to let go of the asset.”

The findings are surprising to Ludwig since more and more men and women are waiting longer to get married. In the last dozen years, the median age of men who marry has jumped from 26 to almost 29. For women, the median age went from 24 to roughly 27.

“We didn’t expect to find that couples committed to each other to buy homes before they were married,” Ludwig said.

Additionally, married couples who bought a home at any time of their lives together believed the buy strengthened their bond more than any other purchase they made.

So many unmarrieds buying homes together shows Ludwig just how financially sophisticated they are.

“Opportunities were coming up in the real estate market,” she said, “and they [took] advantage of these ideal conditions and didn’t feel they had to wait till they got married.”

— Melanie Gray

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

13

CUTTING EDGE

A peek inside: 10 affordable trends sure to make your apartment sizzle next year

By Zachary Kussin Design can’t help but reflect the outsiDe worlD. We see how the rich and famous are decorating their homes — and we want ours to look like that, too. We hear all the talk about reducing waste — and we want our paneling and new floors to be recycled wood.

Trends, in a word, are what we’re talking

about. What’s hot for the coming 12 months ranges from pops of color and the newest neutral to vacation souvenirs and less clutter.

And if some trends seem to run counter to each other, well, they do. Chalk that up to the contradictory nature of us humans. Now, read on to learn how to make your home stand out:

Going gray There’s a new neutral in town: Gray has booted out beige.

“Everybody was doing beige for 15 years,” said Tamara Eaton of Tamara Eaton Design. “Now, it’s gray.”

The tone somehow manages to give off a warmer feel yet still be that blank slate.

“You can do what you want with the rest of the accessories,” which can include touches of eyepopping emerald and hot pink, Eaton said.

Made by hand Mass-produced anything is not in demand, but one-of-a-kinds are.

Homeowners want high-quality craftsmanship.

Eaton sees it. So does designer Maureen Footer, who has one client working with a sculptor to make a staircase hand railing and door hardware.

Hand-woven rugs are high on many wish lists.

And Eaton is noticing glass globes attached to metal or to leather cords. The mix of tough and delicate adds an unexpected aesthetic.

It’s personal As people grow older, Footer has found that they want more of their own things — vacation souvenirs, for example — and fewer statement pieces.

“It becomes a personal choice and a personal statement in your house,” said Footer, who owns Maureen Footer Design.

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Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

Interiors 2014 Less is more The recession might be over, but it is having a lasting impact on design. Clients are still opting for statement items, but fewer of them — just like Footer has seen.

Joel Robare of JR Studio Design uses the example of lights. One home had several lights over the kitchen island; the owners opted to replace them with one big statement fixture.

“It’s more of a reflection of ‘let’s be sensible,’” he said. “You can do more with less.”

The layered look “Belgian casual” is what Sam Allen calls a look that builds on itself. It starts with a mix of neutrals that run the spectrum from gray to cream. Next comes a pop of color — bright throw pillows or ethnic prints, especially ones from Istanbul and Morocco. Then, furnishings are added. And so forth.

“You definitely want a layered look,” said Allen of Sam Allen Interiors. “A layered look that looks like it’s been established and gathered over time.”

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

15

CUTTING EDGE

A home industry The industrial look used to be a turn-off. No more, maybe because it’s not just unfinished concrete, wood and raw steel.

Now, the rough is complemented by the sophisticated, said architect Eric Liftin, who founded MESH Architectures.

An example: embedding LED lighting into a wall made of mushroom crate wood. The result glows.

“You mix that with things that are more finished,” Liftin said, “[and] there’s a balancing of these different finishes to create more complex environments.”

On solid ground Patterns are passé. Solids are today and tomorrow. For Robare, colors that are muted and rich include burgundy and navy. “It’s more like an old master’s paint palette,” he said.

The green revolution Reduce, reuse, recycle: It’s a mantra even the well-heeled are chanting. It might be lumber, steel, tin or concrete. It’s the same look that Liftin is talking about — but with activism behind it.

Kimberlee Paige Hanson has been using reclaimed materials in her work for 15 years. Her designs have incorporated vintage window frames, tin tile ceilings, even church pews.

“Instead of ending up in landfills, [the materials] are ending up in people’s homes and businesses, which is fantastic,” said Hanson, principal of Interior Bliss Design.

A movement reborn Today’s minimalism isn’t the minimalism of the ‘80s.

They are very different, which Joan Michaels is quick to point out. This here-and-now iteration, called organic minimalism, relies on light-tone wood — not metals — and is a little less rigid, said Michaels, who owns 2Michaels with sister Jayne.

There’s room — literally and figuratively speaking — for furniture that isn’t just straight lines. Choice antiques from the 1800s and early 1900s can find a place, too.

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SEPTEMBER/OCTOBER 2013

Do your own thing People want their homes to reflect who they are — their interests, their lifestyle. For Thom Filicia of Bravo’s long-ago-cancelled “Queer Eye for the Straight Guy,” the biggest trend is variety.

“They’re much more into creating personal spaces to tell their story,” Filicia said of his clients.

And it can be anything, and everything: color, textiles, lighting, furnishings, carpeting, even an old design movement that they liked.

The important point is that it’s all about the person and what he or she identifies with. Over time, the home becomes a true reflection of its owner’s tastes, experiences and thoughts.

“I see it as a design journey,” he said.

INTRODUCING THE PENTHOUSE COLLECTION AT 101 LEONARD

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101 Leonard Street, New York, NY 10013 212.966.1101 I theleonardtribeca.com

Over 80 percent sold.

All dimensions are approximate and subject to normal construction variances and tolerances. All images are artists’ renderings for illustrative purposes only. Sponsor reserves the right to make substitutions of materials, equipment, fixtures and finishes in accordance with the terms of the Offering Plan. The complete offering terms are in an offering plan available from sponsor. File no. CD13-0038. Sponsor: 350 Broadway Owner LLC, c/o Bizzi & Partners Development LLC, 55 East 59th Street, 24th Floor, New York, New York 10022.

COST OF LIVING

Going down, down and down A look at posh condos with the lowest monthly fees

By Hayley Kaplan A fee on top of the mortgAge pAyment every month is a sobering thought for buyers, even ones on the hunt for a luxury condo. Low common charges, understandably, are a big draw — and always have been.

But now in this fast-moving market, condo boards, too, are paying more attention to what residents have to fork over for operational and maintenance costs.

Across Manhattan, board members are coming up with creative ways to reduce common charges and, at the same time, beef up amenities. The goal: to make their buildings as attractive as possible to home seekers, many who are still working their way back from the recession, according to experts.

Property website Streeteasy looked at all big condo buildings below 100th Street (those with more than 50 apartments) and found monthly fees range from slightly less than a dollar per square foot to nearly $4.

The lowest are at Downtown by Philippe Starke at 15 Broad Street, where residents pay 92 cents per square foot yet have a doorman, a concierge, a fitness center, a roof terrace and a host of other amenities. The former J.P. Morgan headquarters building nabbed the top spot for two big reasons, according to Douglas Elliman broker Ariel Cohen: lots of homes — 382 — that all have lots of square feet.

Second place went to the Atelier at 635 West 42nd Street, which charges 97 cents per square foot; and third to the Alexander at 250 East 49th Street, which charges 99 cents.

The highest is $3.98 per square foot at Cove Club at 2 South End Avenue in Battery Park City, which blames its land lease for its comparatively pricey charges.

Downtown by Phillipe Starke, at 15 Broad Street, has the cheapest condo common charges in the city.

The vanishing tax break A tax break is a sure-fire way to keep common charges under control — at least for a while. Of the five buildings with the lowest fees, all except 35XV — the tapered glass tower at 35 West 15th Street is still under construction — have what real estate insiders shorthand as a “421a.”

The city launched the 421a program in 1971 to reward developers who put their buildings on underused or unused land. Today, a record number of condos — more than 43,000 — have exemptions.

How long a building gets a break depends on where it’s at, explained Doug Perlson, founder and CEO of the online brokerage RealDirect.

Condos below 96th Street generally have a 10-year deal; those in Upper Manhattan and the outer boroughs have exemptions that range from 15 to 25 years.

Most condo boards have passed along the exemptions, giving residents a break on their common charges. The exemptions, though, begin to

35XV, at 35 West 15th Street, doesn’t have a tax break but still has rock-bottom monthly fees.

18

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

decrease annually after the first two years, which usually translates to hikes in the monthly fees.

“Tax abatements are keeping their monthly [costs] low today,” Perlson said. “But, over time those monthly [costs] are going to increase substantially.”

Making deep cuts The gradual increase in taxes, coupled with the still somewhat uncertain economy, has focused many of Manhattan’s condo boards on lowering the monthly fees.

Residents of the Atelier, for example, have seen their charges drop twice in the past five years, according to board president Dan Neiditch.

Atelier took its biggest cost-cutting measure more than a year ago, when it terminated its contract with Cooper Square Management, now called FirstService Residential of New York, and hired an on-site manager to supervise the building’s staff members, pay the bills and handle residents’ complaints. The switch saves about $200,000 annually.

“You don’t really need a management company,” said Neiditch, who heads River 2 River Realty, which handles sales at the Atelier. “You just need a board that’s hands-on and willing to dedicate some time out of their schedule to decrease the costs and look for ways to generate revenue.”

CONTINUED ON PAGE 54

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BEST VIEWS ON CENTRAL PARK

EEA. 12 rooms. Elegant home in impeccable building. Light-filled plus river views. Over 5,000 SF. 7 BR, 5.5 bath. $7M WEB# 2539952 Katherine and John Slattery 212.836.1023

CPW. 7 rms. Entire Reservoir & Park thru ovrszd windows, hi flr crnr, wht glv landmark classic.

Sunny 3 BRs, 4 baths, EIK. $6Ms WEB# 2469193 Daniel Douglas 212.875.2835

PENTHOUSE WITH HUGE WRAP-AROUND TERRACE

PARK AVENUE PENTHOUSE

Tribeca. Sunny, open and airy 8-room duplex penthouse with Hudson River and city views from the top two floors of 101 Warren Street. 4 bedrooms, 4.5 bathrooms, highest end finishes in Tribeca’s most coveted building. $35M WEB# 2718153 David Chang (m)914.420.1985

Upper East Side. 4 bedroom, 4.5 bath, 4,100 square foot palatial key locked elevator accessed penthouse with 500 square foot terrace. Live your dream at the top of this incredible prewar co-op. $9.95M WEB# 2737906 Sydney Blumstein and Meris Blumstein 212.539.4892

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Midtown East. 9 rooms. Sunny home with 360 degree views including the East River and the Chrysler Building. 5 bedrooms, 5.5 baths plus office/media room. Chef’s kitchen. $7.95M WEB# 2717852 Julia Cahill 212.836.1049

Soho. Bright, airy & loft-like space at the celebrated 40 Mercer. 2 BRs, 2.5 baths, ample closets. $4.95M WEB# 2522872 Marie-Claire Gladstone 212.508.7167 Licensed as Marie C Claessen Gladstone

RARE EAST VILLAGE SINGLE FAMILY 526 E 5th. 5,200 SF. Perfectly renovated 7 BRs, 6 baths, rear garden and roof terrace.

No details spared. $8.45M WEB# 2661070 Glenn E. Schiller 212.941.2561

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Brooklyn. 5 BR, 4 bath with garden, 2 terraces plus open-plan living. $3.75M WEB# 2669273 Denise LaChance (m)917.834.6126 Debra LaChance 212.941.2643

Jane Street. Meticulous 5 story 24’ wide home. Mint renovation. 4 bedrooms/3 baths/large yard with koi pond, glass rooftop den. 4 wood burning fireplaces. The facade of the house is the restored original 1858 Greek Revival in brick. $14.5M WEB# 2654636 Robert Browne 212.893.1728

5th Ave. 4 rms. Split 2 BR, 2 bath, high flr, park views, PW details, fully equipped Kit, marble baths, custom blt-ins. $3.4M WEB# 2720443 Lauren Muss 212.893.1455

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PENTHOUSE DUPLEX DREAM HOME

E 76th St. Panoramic Central Park and city views. 30th floor hotel apt, 5 star services.

2 BRs, 2 baths + DR. $5.75M WEB# 2625960 Arlyne Blitz (m)917.279.5226

W 10th St. Imagine owning an 8,500 townhouse with great bones, proportions and the chance to create your own masterpiece in an unbeatable downtown location. Come see this gem yourself.

Priced to sell at $16.4M WEB# 2510168 Eileen Robert 212.444.7808

Walker St. 2 BR/2.5 bath, roof terr. Chef’s Kit, exp brick, WBFP. $5.295M WEB# 2666977 Sharon Held 212.745.9485 Alexandra Moore 212.745.9489 Licensed as Megan Alexandra Moore

Artist Rendering

NEW DEVELOPMENT Tribeca. 3,157 square foot penthouse with 4 bedrooms and 2.5 bath. Summer kitchen, east and west terraces adding 1,600+ square feet of outdoor living. Viking appliances, Carrera marble, Macassar cabinetry, oak floors. *CD# 12-0039 $10M WEB# 2574088 Monica Novo 212.444.7842 Licensed as M. Monica Novo, Paul LeMarc Brown 212.444.7842

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WEST 27TH ST FULL FLOOR LOFT

SoHo. Premier full service condo. Panoramic views of Soho and beyond. Great room and living/ dining room with wood burning FP, master BR suite + 4 BRs and staff room, 2 chef’s Kit + media room. 3 private terraces. 7,452 SF int & 3,387 SF ext. Offered furnished. $42M WEB# 2471951 Deborah Grubman 212.836.5055, David Dubin 212.605.9287

Chelsea. 4 BR/3 bath, 3,600 SF. Keyed elevator, private landing, 3 expos, eat-in chef’s Kit, Loggia. $4.125M WEB# 2636199 Brandon Cohen 212.941.5092

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Carnegie Hill. 7 rms, 3 BRs, 3 baths. Central A/C, wood burning FP, open Kit, gorgeous reno. Gym, playroom & storage in bldg. $3.9M WEB# 2521388 Sheila Wyle (m)917.579.7910

Park/62nd. Rare original 10 into 7. Private landing, grand scale living room, formal dining room, library, center gallery, large eat-in kitchen, high ceilings, huge windows, double master bedroom, A+ detail. $7.8M WEB# 2600644 Emilie O’Sullivan 212.836.1028, Daniel Douglas 212.875.2835

UES. 13 rms, 7,600 SF, garden, terrace & roof garden. 6 BRs, 4.3 baths. $18.5M WEB# 2641175 Maria Pashby 212.893.1436 Louis Buckworth 212.893.1748

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SPACE, LIGHT, VIEWS

ENTIRE FLOOR ON CPW

NoHo. One-of-a-kind 3,200 square foot loft with open city views and streaming light throughout.

2,200 exterior square foot landscaped private rooftop. Architectural delight where indoors meets the outdoors. 2 BR plus den, 2.5 bath, ample storage throughout. $7.65M WEB# 2428159 Bernice Leventhal (m)917.640.1675, Sarah Thompson (m)917.523.3419

E 80s. Located between Fifth and Madison Aves. Mint condition with Central Park views.

Large 2 BRs, 2 baths. $2.1M WEB# 2661322 Phyllis Bell 212.360.2293

CPW. World-class 360° views from Reservoir to Central Park S & Midtown to the George Washington Bridge. $14.9M WEB# 2535222 Noble Black 212.444.7926

SEARCH BY WEB# ON Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 660 Madison Ave, NY, NY 10065. All listing phone numbers indicate listing agent direct line unless otherwise noted. All dimensions are approximate. *The complete offering terms are in an offering plan available from the Sponsor.

HAUTE CUISINE

Penthouse pop-up Utah’s only underground supper club surfaces at a swanky Manhattan pad

By Leigh Kamping-Carder It’s not often that a salt lake CIty pop-up restaurant pops up in New York City.

But that’s exactly what happened at the home of beauty boss Sandie Tillotson.

The grandmother of nine opened the doors (or, rather, the two private elevators) to her jaw-dropping, top-floor penthouse in the Time Warner Center for By Invitation Only, Salt Lake City’s first, and only, underground dinner club.

The night had ties to the past for Tillotson, who graduated from Brigham Young University in Provo, has a home in Utah and came together with two fellow BYU alums almost 30 years ago to found Nu Skin, their billion-dollar, anti-aging company.

Pulling off the residential repast was restaurateur Justin Kinnaird, an old pro at combining an eclectic crowd with inventive food and luxury apartments. He boasts that his By Invitation Only has helped move some $14 million worth of real estate when sellers have hired him to host dinners — mostly in Utah.

Sandie Tillotson, anti-aging guru and grandma, and restaurateur Justin Kinnaird threw a very different kind of dinner party at her deluxe digs in the Time Warner Center: a fusion of food and real estate.

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Park and City Views from the Pierre Hotel An elegant 5-room home built to a grand scale and offering a luxurious lifestyle with hotel services. $8.5M. Web #3613034. Cornelia Zagat Eland 212-452-4384

Elegant Candela Duplex

Stanford White Mansion Penthouse Duplex

Facing sunny S over E 72nd. Entertaining rms w hi ceils + 3BR,3bths.Enormouskit&bkfstarea+lndry&staffrmw bth.$8.25M.Web#8625191.K.Henckels212-452-4402

Lower Park Avenue. Unusual and contemporary renovation. Approximately 3000 square foot interior with 3 bedrooms and 3 baths and 1500 square feet of exterior space. $4.5M. Web #8798917. Julie Perlin 212-452-4373

Prewar Upper East Side Triplex Maisonette

Grand 9 w Views on Park Ave in Carnegie Hill

Panoramic City Views in Every Rm at E 61st

3BR, 3 Bth Prwr Co-op with Views on WEA

Magnificent4-5BRwwood-burningfireplaces,highceilings&gardeninmintcondition.$7.9M.Web#3918866.

M.Kaiser 212-585-4554/L.Diamond 212-585-4553

Hi flr corner apt with city & Reservoir views. Prewar detail, WBFP,3BRs+library,4bths;2maid’srms.Hugerms,high ceils. $6.5M. Web# 3479229. J.Wenig 212-585-4522

Sunny, oversized 1BR w terrace, E & S expos, green-rm, dining area & kit w SS applis. FS co-op bldg w lndry rm & gar.$895K.Web#8635004.R.Serrano646-670-7806

Sun-flooded,hiflrwHudsonRiver&Cityviews.Boffikit, dining opens to loft-like, corner LR. W/D. Drmn, gym. $3.495M. Web #8695643. C.Taub 212-452-4387

UWS 2BR, 2 Bath Condo with Terrace

Elegant Art Deco 1BR at 24 West 55th

Four Exposure Full Floor Penthouse

Soho 3BR Condo with 2 Terraces

O’sizedwindows,Murphybed,custWICs&bths,W/D, kit w SS applis. 24-hr drmn, gym. 421A, 25-yr tax abtmt, loCCs.$999K.Web#9041438.L.Yusuf917-478-0557

Large1BRinstunningRockefelleraptbldg.S-facingLR& BR, move-in cond. Can combine w next dr 1BR. $975K. $2661maint.Web#4063149.B.Ducrot212-452-4381

Double LR, huge kitchen, 4BR/4 bth, river views, 1000 sf pvtroof.W30s.Starpotential!$4.4M.Web#8624296.

P.Browne 347-234-8709/J.Rowe 646-327-8792

EIK w top applis, MBR w bth, 2 addt’l BRs, 2.5 bths, appx 1000sfoutdrspc,W/D,CAC.$3.995M.Web#8802476.

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HAUTE CUISINE

Tillotson, however, insisted she has no intention of selling, and it’s not hard to see why she loves where she lives. The floor-to-ceiling windows of her five-bedroom pad provide seemingly endless vistas. And from 80 stories up, the chaise lounges on the terraces at nearby 15 Central Park West — among the most coveted square footage in Gotham — look like matchsticks.

Tillotson bought the condo brand new in 2005 for $29 million, records show. Today, an apartment the same size two floors down is on the market for $75 million.

The rooms set tongues wagging: a kitchen nook with pink leather chairs and a fluffy white rug; a media room with five massage recliners and a wall painted in a geometric design; and an art collection plucked from the oeuvres of Tillotson’s artist friends.

The master bedroom suite is a real talker — a kind of apartment-within-an-apartment, complete with a kitchenette and a sprawling marble bathroom with a treadmill and exercise bike.

“I don’t come out until I’m the Wizard!” she joked, referring to the title character of “The Wizard of Oz.” Like Tillotson, her guests (mostly from Utah) embraced a decidedly un–New York attitude. One woman wore a black, floor-length silk gown with flat sandals; another donned a blue-and-white polka dot number with a black crinoline. Men went tie-less, the better to show off their well-heeled tans.

Chef Jason Kieffer knows how to sell a home: Get guests to give a hand with the cooking.

The painter Sean Diediker, a Josh Brolin lookalike whose work was featured, read a poem to honor his latest nude.

Chef Jason Kieffer — who has cooked for Google, Microsoft and the digestively challenged cell phone billionaire Craig McCaw — crafted a menu based on the “healing properties” of food.

(Think flaxseed, spirulina and wild kale.) He noted how recruiting attendees as impromptu sous chefs also helped sell properties. “‘Let’s garnish these soups together,’” he recalls telling

a guest. “All of a sudden you feel like you’re living in that home.”

On his Facebook page, Kinnaird declared the party “a night of magic” and is planning several more New York evenings in the coming months, including one at a top designer’s loft on Central Park.

He’s betting that even jaded Manhattanites will get a kick out of peering behind closed doors. After all, he quips: “Everyone is a voyeur.”

151 Central Park West, Apt. 12C 7 ROOMS, 3 bedROOMS Spectacular Central Park views from the Kenilworth $12,500,000 Web ID 4009833 bARbARA FOx (212) 639-9711 bfox@foxresidential.com

133 east 64th Street, Apt. 2b 8 ROOMS, 3 bedROOMS PluS libRARy Elegant and dignified $5,395,000 Web ID 3944927 bRAd lOe (212) 639-9746 bloe@foxresidential.com

151 east 58th Street, Apt. 42C 4 ROOMS, 2 bedROOMS Beautiful condo home at Beacon Court $5,200,000 Web ID 8851831 MARCiA dOnen ROMA (212) 639-9731 mroma@foxresidential.com

1015 Madison Ave. New York, New York 212.772.2666 www.foxresidential.com

FOLLOW THE FOX

303 east 57th Street, Apt. 6G 5.5 ROOMS, 2 bedROOMS Oversized two bedroom apt w/ terrace at the Excelsior $1,395,000 Web ID 9054372 AlexiS Mintz (917) 208-7670 amintz@foxresidential.com

FLORIDA 2818 Center Port Circle Pompano Beach, FL 33064 P 954.735.8223 F 954.735.7546 100,000 sq ft showroom Multi lingual design firm FL State Licensed Designer #000407 NEW YORK 221 East 60th Street New York, NY 10022 P 212.644.3403 F 212.644.4236 www.interiorsbysteveng.com www.antiquitiesweb.com

MANHATTAN MARKET ROUNDUP

Getting around the all-cash deal More buyers are now getting a mortage after the sale has closed

By Hayley Kaplan

H

ome sellers are in love with hard, cold cash, but coming up with a cool million or more is tough for a lot of New Yorkers. Now, though, more and more are figuring out how to get the edge in Manhattan’s heated housing market without draining their rainy day funds.

Here’s how: They’re putting the money up front, then finding a lender to finance their dream apartment.

Getting a mortgage after a sale has closed has always been an option but not one that buyers embraced until just a few months ago, when sales took off, mortgage experts and brokers said.

Today, there are essentially two ways to secure a loan after a sale has closed: delayed financing, also called a technical refinance, and cash-out refinancing.

Technical refinances, which must be wrapped up in 90 days for tax reasons, are the more popular post-closing mortgages by far.

Eight out of 10 buyers who work with Kane Manera, a broker at Douglas Elliman on the LuxuryLoft team, ask about the lending practice because they want to recoup their savings and still beat out other bidders by offering all cash.

The other option, cash-out refinancing, is far less common for two reasons: The mortgage generally carries a high inter-

est rate and the buyer is more likely to receive a smaller loan amount, said Debra Shultz, senior vice president of mortgage lending at Guaranteed Rate.

Even the well-heeled aren’t always thrilled about depleting their liquid assets. Douglas Elliman broker Jessica Cohen tells the story of a couple who took an equity line on their first home, in the city, so they could buy a second home, also in the city — a pied-à-terre that they planned to eventually pay for with a technical refinance.

“People don’t usually keep the type of money that it costs to buy a New York City apartment in their checking accounts,” she said. “They’re usually pulling it from somewhere else.”

The duo typifies so many of the other buyers who Cohen has worked with: They are conservative with their money and preferred to finance — but they also realized that they had to be ready to move fast when they found the home they wanted.

“All of the headache that it takes to get a mortgage, [buyers are] dealing with it later so they can have a competitive edge in the bidding process,” Cohen said.

“People don’t usually keep the type of money that it costs to buy a New York City apartment in their checking accounts. They’re usually pulling it from somewhere else.”

–Jessica Cohen, Douglas Elliman

August mortgage rates in NYC Mortgage Type

Interest Rate

Points

National Average

30-yr fixed

4.67%

0.33

4.75%

15-yr fixed

3.76%

0.26

3.8%

30-yr 1/1 ARM

3.46%

0.26

2.91%

Mortgage rate data from the rest of 2013 Mortgage

Jan. ’13

Feb. ’13

Mar. ’13

Apr. ’13

May ’13

Jun. ’13

Jul. ’13

30-yr fixed

3.72

3.82

3.81

3.73

3.68

4.11

4.52

15-yr fixed

3.07

3.17

3.13

3.06

2.95

3.32

3.69

1-yr ARM

3.04

3.04

3.08

3.02

3.00

3.08

3.26

Sources: HSH Associates, Financial Publishers

26

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

M A N H AT TA N | B R O O K LY N | Q U E E N S | L O N G I S L A N D | T H E H A M P T O N S | T H E N O R T H F O R K | R I V E R D A L E | W E S T C H E S T E R / P U T N A M | F L O R I D A Š 2013 Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not Equal Housing Opportunity. 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.

YOUR OWN VERSAILLE

West 90s | $10,000,000 This 5-story elevator townhouse is approx 5,500 sf and close to Central Park is flawlessly engineered and designed.

With 5+ bedrooms and 5 full baths, 3 wood burning fireplaces.

Web# 1560219.

Diane Johnson 212.418.2075

SOHO EXTRAODINAIRE

MAGNIFICENT 13-ROOM APARTMENT

STUNNING PARK VIEWS

4,000 SF PREWAR CONDO

CLASSIC PREWAR

40 FIFTH AVENUE

STUNNING WATER VIEWS

CHARMING TOWNHOUSE

LUXURY LIVING ON THE WATERFRONT

WONDERFUL VIEWS OF THE RIVER

MEDICAL OFFICE FOR SALE

Fifth Avenue | $7,500,000 | Prestigious Fifth Avenue residence. Highly coveted, 8-room apartment with the living room, library and master bedroom boasting iconic central park views. Pied-a-terres allowed. Web# 1617780.

Trudy Schlachter 917.842.6532

11th Street | $2,695,000 | First time in over 25 years this high floor 2-bedroom and 2-bath (windowed) is on the market. Has windowed eat-in kitchen, woodburning fireplace, W/D, tons of closets, open views, ideal floor plan and building. Web# 1594481. Toni Haber 917.543.1999 | Kathy Murray 646.528.6183

360 Furman Street | $4,300 Per Month | Brand new, luxury loft with panoramic views of New York Harbor and Manhattan. Stunning apartment, unmatched amenities at the iconic One Brooklyn Bridge Park across across from 85 acre Waterfront Park. Web# 1631774. Rezwan Sharif 917.434.1920 | Mary Crocker 917.270.1636

ASKELLIMAN.COM

Prince Street | $10,950,000 | 1860 cast iron redefined loft. Full-floor 6,500 sf space offers a flexible plan and has maintained its dramatic allure from the last 150 years. 17-ft double height brick vault ceilings, 12-ft windows, original Corinthian columns and Carrara marble floor. Web# 1633429.

Gabrielle Frank 917.804.8879 | Eric Leibman 917.325.6767

Chelsea | $9,950,000 | High ceilings and 20 windows accentuate the light and open city views from the North, South and West exposures of this well-appointed residence.

Includes 2 master suites. Web# 1576607. Kirk Rundhaug 212.418.2052 | Paige Neuhauser 212.418.2051

Battery Park City | $2,950,000 | Spectacular 3-bedroom condo in the full-service Visionaire. First class finishes through out, excellent attention to details, spacious and views. Web# 1627635. Helen Aguirre Arden 212.891.7792

390 West End Avenue, 9H | $24,000 Per Month | This 4-bedroom home at The Apthorp has been renovated and redesigned. The original 19th century details have been preserved. Can be rented furnished or unfurnished, also option to buy. Web# 1626552. Steve Yusupov 212.461.0108 | Anita Wood 212.891.7026

Sutton Area | $16,000,000 | With sweeping East River views from all major rooms, this full-floor 5-bedroom, 4.5-bath home is one of Candelas most prestigious masterpieces. Soaring ceilings and woodburning fireplace.

Web# 1558753. Diane Johnson 212.418.2075

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

West Villge | $6,250,000 | Tastefully renovated 1899 single-family townhouse with 3 bedrooms, 3.5 baths, planted garden and original detail now offered. Call for a private showing. Web# 1624967. James Brune 917.445.8275

115 East 61st Street | Price upon request | Large medical office for sale in prime medical building. Great location between Park and Lexington Avenues. Close to transportation. Doorman and concierge. Liberal sublet policy. No steps. Web# 1563664. Sharon F. Aspis 212.692.6139

Average August rents 1 bed N/A 2 beds $2,927 3 beds $4,810 > 3 beds $22,444 Average August sale prices Studio $444,722 1 bed $710,800 2 beds $1.6M 3 beds $3M > 3 beds $4.5M

A map of Manhattan’s noise complaints, plotted by Brooklyn graphic artist Karl Sluis: “I had no agenda.”

Average discount off the sticker price 2% Source: StreetEasy

HEY, TONE IT DOWN! Work on the Second Avenue line is making life much less peaceful.

Subway construction costs UES its top spot on quiet nabe list

T

he Upper East Side is no longer Manhattan’s

most twice the number of complaints than the other

quietest neighborhood, but it stands a solid chance

months.

of snatching back the No. 1 ranking when a new train line is finished in a few years.

Construction crews working on the Second Av-

complaints about the strains of music coming from

enue Subway are who knocked the well-heeled com-

Lincoln Center). The Upper East Side landed in sec-

munity from its top ranking, Our Town reported. Their

ond place because of the transportation work.

ear-splitting jackhammers and blasts — the workers

“Noise complaints reveal many smaller stories,

have to carve out more than two miles of tunnels —

such as the construction of the Second Avenue sub-

took the noise level to a new high.

way line [and] idling buses on the Upper East Side,”

Last year, New Yorkers phoned or emailed 40,412 noise complaints — an average of 111 every

lights complex charts and maps.

The relative stillness of Uptown isn’t going un-

from bell-ringing ice cream trucks to barking dogs

noticed by others being inundated with sounds, Our

to — yes — heavy equipment.

Town found out.

All of the Manhattan complaints have been plot-

Eric Grayson, for example, is struggling to find a

ted on a map by graphic designer Karl Sluis, who just

little peace living on the 15th floor of an apartment

happens to live in comparatively calmer Brooklyn.

building off East Houston Street; he would like to

“I had no agenda,” Sluis told Our Town. “It was an patterns and to make connections.”

The Big Apple’s noisy season is, not surprisingly, summertime. May, June and July received al-

Luxury Listings NYC

Sluis wrote on visualizing.org, a website that high-

day, public records show. The loud sounds ranged

opportunity to take a close look at the city’s different

30

Downtown is the loudest neighborhood and the Upper West Side is the quietest (perhaps only fielding

SEPTEMBER/OCTOBER 2013

move to the Upper West Side.

“I sleep with a white noise machine,” Grayson told the website. “I knew it would be bad, but not this bad.”

—Melanie Gray

NEIGHBORHOODS

Tuition tally, a dose of culture and rainbow sprinkles

Holy digs, chic time, Hizzoner’s home

$39,819

What it costs to send a kindergartener to the Birch Wathen Lenox School, at 210 East 77th Street

$25

Bless this home(s). The rectory parish house of Park Avenue Christian Church — it’s the one at East 85th Street with the super-skinny spire and Tiffany stained-glass windows — is being reincarnated as a luxe apartment building. Plans call for 17 apartments, a health club and an outdoor rec area.

Only the parish house will be converted; the church itself will remain as is.

Recommended admission to the Metropolitan Museum of Art, 1000 Fifth Avenue

11

Classic toppings for the “exclusive” frozen yogurt served at Bloomingdale’s restaurant 40 Carrots Sources: Birch Wathen Lenox, the Met, 40 Carrots

It’s fashion forward at the Carlton House, at 21 East 61st Street. The ritzy condo building is partnering with a next-door neighbor, Barneys New York, to glam up its residents.

The fun includes private shopping trips and dinner delivery from the Barneys’ eatery called Freds.

Q & A

Mayor Bloomberg has homework to finish before he leaves office: Fixing up his pad at 19 East 79th Street. Hizzoner is spending almost $2 million on the bottomto-top overhaul, which includes a facade facelift, a new heating and cooling system and roof repairs.

1107 Fifth avenue

Roof wars

You’ve lived on the Upper East Side for a long time. Why have you stayed?

Opening up a sky-high deck to everybody is not a good thing when a publicity-shy billionaire thought it would be his alone. Peru native Carlos Rodriguez Pastor is so peeved that he has backed out of buying the $27.5 million penthouse at 1107 Fifth Avenue and is suing the seller to get back his $2.75 million deposit — plus interest. Pastor claims he was promised the nearly 5,000-square-foot wraparound terrace. Instead, the co-op set up a community green space.

It’s a perfect balance of having a soft and gentle neighborhood within an active city.

Raising a baby on the Upper East Side, I never knew it would be so much fun: There’s story time at the Met, play groups in Central Park, and the zoo and carousel also in Central Park. And taking the baby to outdoor cafes and restaurants, it’s the epitome of super chic.

You can get dressed up and have a nice night out.

—RaqUEL LENTNEk, a neighbrohood resident for 14 years

The priciesT reNTal: $125K/moNTh

No holds barred

Address 6 East 93rd Street Type/size Single-family home; 10 bedrooms, 10 baths; 12,120 sf Hot Features A gym and a massage room

StreetEasy

Two $100K rentals: one at 52 east 72nd street and the other at Trump park avenue, at 502 park avenue

Ponzi poster boy Bernard Madoff is making do with a cot and a pot for siphoning off $17.5 billion from his thousands of investors. But his old pad at 133 East 64th strEEt is back on the market. a couple snagged it for $8 million three years ago; now , they want $17.25 million. A nice little return — if they get it.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

31

Average August rents Studio $2,488 1 bed $3,191 2 beds $5,084 3 beds $8,565 > 3 beds $15,697

Grilled Chicken Satay is on the menu at Saiguette, a sixstool Vietnamese restaurant at 935 Columbus Avenue.

Average August sale prices Studio $488,750 1 bed $780,545 2 beds $1.35M 3 beds $2.64M > 3 beds N/A Average discount off the sticker price -0.04% Source: StreetEasy

RECLAMATION PROJECT

The stretch of Columbus Avenue from 100th to 110th street is coming back big.

E

Upper West Side’s struggling Manhattan Valley is now a foodie’s haven very neighborhood has blocks that struggle.

On the Upper West Side, it has always been Columbus Avenue from 100th to 110th streets, a stretch known as Manhattan Valley. Today, though, the section is undergoing a rebirth — one store at a time.

Manhattan Valley’s troubles began decades ago,

Steve Hlay. “I’ll be here for a while.”

Saiguette has been serving up Vietnamese food for the last year in a six-stool operation at 935 Columbus Avenue.

“In the beginning, we didn’t know if it would be that

lies — east of the old Bloomingdale district, home in

good, because 10 or 15 years ago nobody wanted to

the 1800s to some of the city’s most notable chari-

be here,” said Saiguette co-owner Joanne Bai.

ties, and not far from both Central and Morningside

Also sprinkled among the beauty parlors and supply stores is The Baconery at No. 911.

Now, the tract is wedged between two posh resi-

“We looked in the East and West villages, but for

dential towers and the shops in between are coming

the same amount of money that I’m paying here, I’d

back to life, the Wall Street Journal reported.

probably have a shoe box,” said owner Wesley Klein.

“It was the ‘dead zone’ in terms of restaurants and

Manhattan Valley has lower housing prices, too,

things to do,” Gilbert Morales, who moved into Man-

which are attracting more buyers, said Morales, who

hattan Valley a decade ago, told the newspaper.

is a real estate broker. In the last six months, the

Restaurants especially are popping up on both sides of the avenue, concentrated between 104th and 109th streets.

Crepes on Columbus, at 990 Columbus Avenue, moved in almost a decade ago, long before the most-

Luxury Listings NYC

It’s taken a while, but it is happening,” said owner

and they seemed worse because of where the tract

parks.

32

ly ethnic eateries — Thai, Mexican and Italian.

SEPTEMBER/OCTOBER 2013

neighborhood has had more than 200 condo sales.

“It’s not a broker-made-up neighborhood,” he said. “And the fact that it is sandwiched between established communities, I think it’s a natural progression that it will move forward.” — Melanie Gray

NEIGHBORHOODS

Double doors and blast from the past

Sweet treats, heady stuff and playing the fields

$3.50

What a pistachio cupcake costs at Magnolia Bakery, at 200 Columbus Avenue

5

A posh tower rising at 40 Riverside Boulevard will have two entrances: one for owners of its 219 condos and a “poor door” for tenants of its 55 rentals.

The double doors irk affordable housing advocates. “This ‘separate but equal’ arrangement has no place in the 21st century, let alone on the Upper West Side,” Assembly member Linda B. Rosenthal told the West Side Rag.

The West End-Collegiate Historic District is now more than twice as big as it was at the beginning of summer — 370 buildings instead of 150. Most went up between the 1880s and 1920s and many were designed by the city’s most prominent residential architects, among them Clarence True and C.P.H. Gilbert.

Flying the co-op

AP courses — biology, calculus, chemistry, French and Spanish — offered at the Beacon School, at 227 West 61st Street

12

Soccer fields in Central Park’s North Meadow Sources: Magnolia Bakery, NYC, Central Park Conservancy

El Dorado at 300 Central Park West

Ballet-dancer-turned-actor Mikhail Baryshnikov has sold his co-op at the Armstead, at 245 West 104th Street, for nearly $1.3 million. He’s probably a tad sad to let the pied-à-terre go: It had high ceilings — ideal for grand jetés (those in-the-air splits).

Hell no, she won’t go!

Chain-smoking transgender heiress Diane Wells is refusing to move out of the El Dorado, at 300 Central Park West, even though a state Supreme Court judge has told her to get packing. The eviction order came down because she owes more than $230,000 in maintenance fees and fines, and won’t quit lighting up . Wells has hired a lawyer to appeal.

The priciesT renTal: $125K

Vroom Address 15 Central Park West Type/size Condo; five bedrooms, six baths and two half-baths Hot Features Views of Central Park, Downtown and the Hudson River plus lots and lots of closet space

StreetEasy

next in line: $89K at the Time Warner center, at 25 columbus circle, and $75K at 247 central park West

NASCAR’s Jeff Gordon has a buyer for his three-bedroom condo at 15 Central Park West.

LiStiNG PRiCe: $30 miLLioN.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

33

Average August rents Studio $3,677 1 bed $4,180 2 beds $7,529 3 beds $17,981 > 3 beds $18,072 Average August sale prices 1 bed $1.08M 2 bed $2.19M 3 beds $3.56M > 3 beds N/A

A 19-story crane collapsed in March 2008 in Midtown’s Turtle Bay community. Today, two lots damaged by the accident are getting luxury residential towers.

Average discount off the sticker price 4.8% Source: StreetEasy

OUT OF BAD COMES GOOD

A rendering of the Halcyon, at 305 East 51st Street.

Two towers are rising on lots damaged by crane collapse

B

ad times aren’t forgotten, but memories of them do fade.

Five years ago, a crane at a construction site in Midtown East came crashing down, killing six workers and a Miami woman.

cise spaces.

The top-of-the-line touches are meant to attract more upscale families as well as international jet-set-

is undergoing a renaissance of sorts: Two apartment

ters looking for pieds-à-terre, said Tricia Hayes Cole

towers are going up on parcels damaged by the hor-

of Corcoran Sunshine Marketing Group, which is sell-

rific 2008 accident, the Wall Street Journal reported.

ing the apartments.

One, called the Halcyon, is already on the market.

One block from the Halcyon, at East 50th Street

Prices for its 123 luxury homes range from $1.3 million

and Second Avenue, a 28-floor tower is going up that

for a one-bedroom to more than $10 million for a four-

will have 54 apartments. The project’s footprint in-

bedroom penthouse duplex with a private terrace.

cludes the site of a townhouse crushed by the crane.

Demolition is now under way at the Halcyon site,

Yet unnamed, the project just received approval

at 305 East 51st Street, and the building is scheduled

from the city, according to Yehuda Mor, an executive

to open in just two years. When residents move in,

vice president at Israel-based Fishman Group, the

they’ll have a 50-foot-long swimming pool and a golf

developer.

“As the name Halcyon suggests, the intent of the building’s design was to provide an oasis of calm in

Luxury Listings NYC

race with a barbecue pit, a children’s room and exer-

Today, the block in the Turtle Bay neighborhood

room to play in.

34

Besides the pool and the golf room, the glassand-steel condominium will have a community ter-

Mor said that cost estimates for the homes are still being worked out but signaled that a basic market principle most certainly would come into play.

Midtown Manhattan,” said Ziel Feldman of HFZ Capi-

“The demand is very strong in the neighborhood,”

tal Group, which is behind the 32-story skyscraper. “It

he said, “and the current supply is basically nonexis-

will be very Zen-like.”

tent.” — Melanie Gray

SEPTEMBER/OCTOBER 2013

NEIGHBORHOODS

French food, dining by streetlight and stee-rike!

Dressing up and living globally

$333

It was 24/7 at the end of summer for construction crews at One57, at 157 West 57th Street. The push is on to get the luxury apartments finished for their new owners, many who work in the fashion world. There’s Richard Kringstein of Herman Kay outerwear and Town and Country Linen’s David Beyda.

And Lawrence S. Stroll and Silas K.F. Chou, who took the Michael Kors label public, bought full-floor pads. Price paid by Stroll and Chou for each: roughly $50 million.

Price , with wine pairing , for Chef Eric Ripert’s tasting menu at Le Bernardin, 155 West 51st Street

$150K

What the city is ponying up for solarpowered lights and illuminated kiosks on Restaurant Row, at West 46th Street between Eighth and Ninth avenues

26

Number of lanes at Lucky Strike bowling alley, at West 42nd Street and 12th Avenue

Work on 50 United Nations Plaza is moving along, too. Workers laid the last concrete slab for the 44-story tower’s highest penthouse a few weeks ago and all 88 apartments should be in move-in condition by early 2015. Hang on: The living may be easy, but it won’t be cheap.

A one-bed starts at $2.8 million and a two-bedroom runs from $3.6 million to $9.4 million. Be ready to pay $50 million for a duplex penthouse. (There are nine of them.)

Sources: Le Bernardin, Wall Street Journal, Lucky Strike

G’day, mate!

Help-yourself sauces and sides

Get your Australian-style caffeine fix at Bluestone Lane, which opened at 805 Third Avenue between 49th and 50th streets over the summer.

Try Down Under staples like “flat whites,” a latte with less milk. There’s another location heading to the Financial District, which will open after Labor Day.

OMG! O as in Roti Mediterranean Grill, which is opening up its second New York location at 142 East 43rd Street. (The first is in FiDi, on Maiden Lane at Pearl Street.) The chain’s OMG menu is a build-your-own one: Start with pita, rice or salad; then add chicken, steak, falafel or grilled veggies; finally, choose a sauce, a side and a topping. All for $8.45.

WHAT $7.95M BUYS IN MIDTOWN

Haus of Gaga

Address 310 East 53rd Street Type/size Condo; five bedrooms, five baths and five half-baths; 4,062 sf Hot Feature A 360-degree view — from three balconies

Lady Gaga grew up in Yonkers but is living high in Midtown these days.

The 27-year-old songbird has a two-bedroom at 40 Central Park South. HER RENT: $22K/ MONTH — not that it matters. “It’s honestly true that money means nothing to me,” she said in 2011.

Pushing up Rosie StreetEasy

Place and show: $6.25M at 145 East 48th Street and $6.12M at 20 West 53rd Street

Rosie O’Donnell, sometimes funny but always loud, is asking $2.25 million for her two-bedroom penthouse at the Platinum, at 247 West 46th Street.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

35

Average August rents Studio $3,037 1 bed $4,308 2 beds $7,509 3 beds $14,308 > 3 beds $20,177 Average August sale prices Studio $411,250 1 bed $990,000 2 beds $1.45M 3 beds N/A > 3 beds N/A

Mario Batali’s Eataly is a place where the locals can either grab something to take home or sit down for a glass of wine and a plate of pasta.

Average discount off the sticker price 2.7% Source: StreetEasy

The nabe gets its name from the iconic Flatiron Building, at Broadway and Fifth Avenue.

OUCH! THINGS ARE HOT IN THE FLATIRON

District is brimming with the best of everything

N

eighborhoods fall in and out of fashion. Right

tension of their home,” said Jane Kojima of the Flat-

now, the Flatiron District is tres chic.

iron Business Improvement District.

It has hip stores, some of the city’s best chefs,

Newcomers in the last year or so include dis-

lively bars, off-the-wall joints — and the eclectic mix

graced ex-Congressman Anthony Weiner and wife

is pulling in buyers like a giant magnet.

Huma Abedin, who are renters at 254 Park Avenue

“Everything merges here,” Douglas Elliman’s

Toni Haber, who lives near Union Square, which bor-

A one-bedroom rents for about $4,000 and a

ders the area on the south, told Real Estate Weekly.

luxury studio condo starts at $1.5 million, according

“Gramercy Park, Union Square, Chelsea, then you

to StreetEasy.

have the East Village and West Village not far. Everything is only a matter of a couple blocks.”

Haber’s “everything” declaration is over-thetop, of course, but the district undeniably has lots to offer.

Fine food and natural beauty products provide some good examples. Within just a few blocks of

24-story pre-war tower that is converting to condos, has overwhelmed sales director Kirk Rundhaug of Douglas Elliman.

“We’ve been inundated like we’ve never been inundated,” Rundhaug told the weekly trade newspaper.

“The neighborhood has changed so much,” he

chio’s Craftbar. And there is Origins, Mac Cosmetics

said. “The people who live here and want to live

and L’Occitane — all skin-care shops.

here, so many came from the Upper East Side and

Museum of Sex promises a far-out experience.

“It’s a very vibrant community with a lot of creative people who see the neighborhood as an ex-

Luxury Listings NYC

The interest in 10 Madison Square West, a

each other are Mario Batali’s Eataly and Tom Colic-

For nightlife, there’s Jay Z’s 40/40 Club. And the

36

South.

SEPTEMBER/OCTOBER 2013

the Upper West Side.”

“People from Tribeca and Soho want to move Uptown and people from Uptown want Downtown and this is right in the middle.” — Melanie Gray

NEIGHBORHOODS

Knotty art, history and North Carolina barbecue

Happier times, a newbie and big bucks Better late than never: The shimmering 50-story tower at 23rd Street, across from Madison Square Park, is finally opening a sales office after seven long years of hurt. One Madison has gone through everything from bankruptcy to three name changes — the first two were the Saya and One Madison Park — to a new builder. Now, though, things are definitely looking up: The triplex penthouse is going for $50 million. Gulp.

1.4 million

Feet of rope that Orly Genger used for his “Red, Yellow and Blue” sculpture in Madison Square Park

1906

When the National Arts Club moved into 15 Gramercy Park South, aka the Tilden Mansion

$19

What the pulled pork platter costs at Blue Smoke, 116 East 27th Street Sources: New York City, National Arts Club, Blue Smoke

There’s a new kid on the block.

The old Cabrini Medical Center at 227 East 19th Street is being reborn as a luxe condo — four buildings, 250 homes.

A pad that comes with a park?

Yes, that’s one perk of buying at 18 Gramercy Park, a new condo. Owners of the 16 pricey homes there get keys to Gramercy Park (see below).

31 West 21st Street

Q & A

Privacy or shuteye?

Why did you move to this neighborhood?

I got an apartment that was rent-controlled, so I was very happy. I still live there.

I came from the slums of Guatemala to Fifth Avenue.

What do you like most about living here?

One of the best things is Madison Square Park. I have a dog, cats and two parrots. I bring them all here. It’s a great park to have space. But the worst? Shake Shack. I’m a vegetarian.

Burgers are nothing but death.

—CARLOS RODRIGUEZ, a neighborhood resident since 1999

THE PRICIEST LISTING: $18.75M

Google’s top guy, Eric Schmidt, is coughing up millions to soundproof his penthouse at 31 West 21st Street , the one that he plunked down $15 million for just two years ago. Schmidt claims he needs to kill the noise because he’s a light sleeper. A building insider, though, insists there’s another reason for the remodeling: Schmidt’s sex-capades. That’s also the reason, the insider told the New York Post, why Mr. Search Engine went for a no-doorman tower.

Take it for what it’s worth.

It’s not the White House, but ...

Address 18 Gramercy Park Type/size Condo; four bedrooms, five baths and one half-bath; 4,200 sf Hot Features 40 feet of frontage on Gramercy Park, plus keys to the park

StreetEasy

Next up on the list: $17.75M for another condo at 18 Gramercy Park and $16.2M for a townhouse at 135 East 15th Street

The Whitman is brand-new, but already it’s home to the rich and most certainly the famous. Prez kid Chelsea Clinton and NASCAR’s Jeff Gordon have full-floor pads at the boutique-ish 21 East 26th Street. CLINTON PAID $10.5M, GORDON JUST ABOUT $10M. And hedge funder John Silvetz just forked over $10M. Now, the only space left is the penthouse.

Any takers?

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

37

Average August rents Studio $3,000 1 bed $3,869 2 beds $6,400 3 beds $9,607 > 3 beds $14,564 Average August sale prices Studio $403,125 1 bed $874,333 2 beds $1.95M 3 beds $4.95M > 3 beds N/A

A rendering of what the nabe will look like when all the construction and landscaping is finally done, in 2018.

Average discount off the sticker price -0.8% Source: StreetEasy

A NEW NEIGHBORHOOD PARK A West Side phoenix: Hudson Yards will have everything: offices, shops, homes and a school.

Four building-free blocks in the bustling Hudson Yards

H

udson Yards is a new neighborhood, one being

Designed by award-winning landscape architec-

crafted out of land in the West 30s between 10th and

ture firm Michael Van Valkenburgh Associates, the

11th avenues — smack dab between Chelsea and

park will have playgrounds for both tykes and teens.

Hell’s Kitchen.

The space for toddlers will be open to only little ones

It will look different, though, really different from

and adults; the teen area — with a large jungle gym

the walk-ups, mom-and-pop shops and a high-rise

and centrifuges (a la Union Square Park) — will be

here and there that New Yorkers are used to. It will

open to all ages.

be 26 acres filled with apartment buildings, massive

The park won’t open for years, until work on the

office and retail towers, a school, an arts center called

buildings is finished; so far, only the cost of the play-

the Culture Shed and, yes, even open space — includ-

grounds has been made public — $35 million.

ing a public square.

and has been fundamental in shaping the park as a

Michael Bloomberg proposed Hudson Yards in 2001

whole. Its members rejected a first draft that pro-

and the first skyscraper should be open sometime in

posed heavily-planted plots surrounding the park,

2015 — the plans for the buildings grabbed the atten-

much like Battery Park City’s Teardrop Park.

tion. The park, well … the park was just there.

Now, with earth being moved and steel beams reaching into the sky, the open space has become

for a park that all West Siders can use, board member Jean-Daniel Noland told DNAinfo.

“We wanted it open and accessible to the larger

empty blocks, running from West 33rd Street to West

community,” he said, “and not just those immediately

37th Street, between 10th and 11th avenues, will be

surrounding it.” — Melanie Gray

son Park and Boulevard.

Luxury Listings NYC

Today, because of the board’s influence, plans call

part of the conversation, DNAinfo reported. Four

transformed into what city officials are calling Hud-

38

Community Board 4 pushed for the playgrounds

In all the talk about the neighborhood — Mayor

SEPTEMBER/OCTOBER 2013

NEIGHBORHOODS

Six figures, arty kids and a double-digit Chinese dish

Steamed and really steamed

$111,949

What the average family in Chelsea earns in a year

300

Homeowners at the Caledonia, at 450 West 17th Street, are worked up over a jump in their health club dues — from $49 a month to $136. The 190 residents were getting the employee discount for the tower’s Equinox until last month when the five-year perk, written in their condo contracts, expired.

The gym offered free training to cool the burn, but owners are still sore.

Middle-schoolers who attend Clinton School for Writers and Artists, at 425 West 33rd Street

$40

Price of Imperial Beef & Broccoli at Buddakan, 75 Ninth Avenue; the meat, by the way, is Australian wagyu strip Sources: Census Bureau, DNAinfo, Buddakan

There’s a faceoff over a historic home at 339 West 29th Street: The owner is squaring off against the city over a penthouse that he added to the row house, once a stop on the Underground Railroad. Tony Mamounas contends his fifth-floor addition is on the up-and-up; the city insists the work was done after the building became a landmark in 2010, which is a no-no.

Q & A

Make a bee line on The High Line.

Why did you move to Chelsea and how has it changed in your time here?

It was close to everything — all the trains and the West Village, which at the time — like 1980s and 1990s — was the ‘in’ place to be. [Now, there’s] more congestion, more tourists. And obviously the prices going sky high, and everyone wanting to be [here].

—DANETTE LEBRON, a neighborhood resident since 1989

THE PRICIEST RENTAL: $35K/MONTH

Save time ... and money, too!

Don’t tell anybody, but the High Line is much more than a nice place for a stroll: It’s a faster way to get to the office. Worker bees are using the abandoned-rail-line-turned-park as a scenic short cut to their desks. No traffic signs, cars, or bikes (and only a few tourists). From end to end, the walk takes all of 15 minutes. The trip home, though, should take a little longer.

After all, smelling the flowers takes time.

Mattress not included

Address The Chelsea Enclave, 177 Ninth Avenue Type/size Cond-op; four bedrooms, four baths and a half-bath; 3,176 sf Hot Feature This is truly hot: a master bath with heated floors

StreetEasy

Runners-up: $30K at the Spears Building, 525 West 22nd Street, and $25K at the Porter House, 66 Ninth Avenue

Furniture biggie John Edelman — he’s CEO of the Design Within Reach chain — is unloading his penthouse at 150 WEST 26TH STREET FOR MORE THAN $4 MILLION. No info on the buyer, but the pad has three terraces and a replica of a chandelier from the Metropolitan Opera.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

39

Average August rents Studio $2,561 1 bed $3,150 2 beds $3,930 3 beds $4,707 > 3 beds $8,124 Average August sale prices Studio $550,000 1 bed $914,500 2 beds $1.51M 3 beds N/A > 3 beds N/A

Cohen is gobbling up Manhattan’s glitziest real estate, but why? One theory is that the billionaire is trying to make it harder for the government to seize his assets.

Average discount off the sticker price 0.9% Source: StreetEasy

A (HEDGE-FUND) KING RULES THE VILLAGE The Abingdon, at 607 Hudson Street, has another rich resident: Cohen.

Cohen’s homebuying spree sets tongues wagging

S

AC Capital Advisors founder Steven Cohen is paying a record-breaking $616 million fine for insider trading.

allegations.

The timing of the purchases, though, has made

aire several times over — is also making history in the

Cohen’s motives the subject of intense speculation.

real estate market.

Some legal experts suspect Cohen, through limited

Already this year, Cohen bought a Hamptons es-

liability corporations, is investing heavily in real estate to shield his assets from the government.

in the West Village: a $39 million building at 145 Perry

Bankruptcy is not out of the question; in a forced

Street, which he plans to renovate, and a $23.4 mil-

bankruptcy, a trustee would be appointed to liquidate

lion maisonette at the newly redone Abingdon condo

Cohen’s assets and divide them among creditors.

at 607 Hudson Street. And he wants to find a buyer for his 51st-story duplex at Beacon Court, at 151 East 58th Street in Midtown. Asking price: $115 million.

All this comes just as the government completes a years-long investigation of SAC. This summer,

Funds tied up in real estate could help slow that process, said attorney Steven Wagner.

But it’s not foolproof. Cohen is tied to the deals ; the LLC that bought the Abingdon home listed Cohen’s Connecticut mansion as the address in city records.

the Securities and Exchange Commission filed civil

Whatever his motive, Cohen is showing that he’s

charges against Cohen and the Justice Department

not ready to give up on investing — even if it’s in real

charged SAC with securities fraud and wire fraud. The

estate instead of finance.

agencies went ahead with their cases despite the fine.

“At the end, [Cohen] ... has a good laugh,” Singer

Legal experts see the charges as proof that the gov-

said. “I don’t think he gives a damn about any-

ernment doesn’t have much on Cohen.

thing other than ‘how much am I worth today?’”

“It’s kind of scraping the bottom of the barrel,” said

Luxury Listings NYC

Cohen maintains his innocence and is fighting the

And the 57-year-old hedge-fund king — a billion-

tate for $60 million and made two buys in the city, both

40

securities attorney Bill Singer.

SEPTEMBER/OCTOBER 2013

— Guelda Voien

NEIGHBORHOODS

This old house and a bigger NYU

A slice of pie, a skinny home and a taste of Cali

6

Kinds of pies baked by Artichoke Basille’s Pizza, at 111 MacDougal Street: artichoke, crab, meatball parm, Sicilian, vodka Sicilian and Margherita

8’ 4”

Width of Manhattan’s narrowest townhouse, at 75½ Bedford Street

What’s old is new again — to somebody else, that is. The West Village’s oldest home, a Federal-style four-bedroom at 77 Bedford Street, now has new owners, a couple who love the neighborhood. The twosome, who haven’t been identified, paid $7.35 million for the 214-year-old townhouse.

The seller was the estate of French socialite Jacqueline Thion de la Chaume, who was married to legendary baldie Yul Brynner.

$12

Price of “The Original” at the California-based Umami Burger, which just opened its first New York location at 432 Sixth Avenue Source: Artichoke Basille’s Pizza, NYC, Umami Burger

Playgrounds and dog runs: Are they parkland? That’s the question that a court is being asked to answer about two superblocks that New York University wants for a $6 billion expansion. “Top Chef” host Padma Lakshmi and others who live in the nabe are arguing the 20-year plan will kill precious green space.

An amicable transaction

The art of taking a nap

High-brow voyeurism

The divorce was nasty, but the deal was sweet — by all accounts.

Broadway producer Eric Nederlander is selling his pad at 345 West 13th Street to ex-wife Lindsey Kupferman.

The price: $3.2 million. A bit of background: Nederlander once allegedly threatened to “smash” Kupferman’s face. Ain’t love grand?

Chalk one up for artistic freedom. A Manhattan judge has tossed out a privacy lawsuit against photographer Arne Svenson. The brouhaha started when tenants of 475 Greenwich Village saw their pictures in a Chelsea art gallery.

Svenson snapped the images — through their windows — from his home at 125 Watt Street.

The residents did win on one point: Svenson has to take the portraits off his Facebook page.

A pricEY LiSTiNG: $9.5M

A lease for Lohan Address The Schumacher, 36 Bleecker Street Type/size Condo; three bedrooms, three baths and two half-baths; 4,438 sf Hot Feature Customize! The choices: pool, wine cellar or home theater

StreetEasy

in the same class: $7.55M for another Schumacher condo and $4.5M for a condo at the Greenwich, 65 West 13th Street

The lush-ly Lindsay Lohan should be able to stay dry in her new digs, a rental in a six-story walk-up at 176 Thompson Street. The apartment comes with a live-in coach to keep her on the straight and narrow.

No details on her rent, but an unfurnished ONE-BEDROOM GOES FOR $2,600, aND a LOWER TWO-BEDROOM RaNGES FROM $2,800 TO $3,500.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

41

Average August rents Studio $2,837 1 bed $4,407 2 beds $8,068 3 beds $15,563 > 3 beds $20,858 Median August listing prices Studio $999,000 1 bed $1.27M 2 beds $3.55M 3 beds $5.54M > 3 beds $10.5M

Fellow Barber is brand new to the scene, open only since July. The name says is all, right? Haircuts and shaves for the male species.

Average discount off the sticker price 4.2% Source: StreetEasy

A SHOPPING MECCA FOR YOUNGER GUYS

Saturdays Surf NYC was the first shop in what now is called the Soho men’s district.

Crosby Street is filling up with men’s boutiques

I

t should be no surprise that there’s a revolution

“We are definitely happy that Crosby Street has

going on in Soho, famous for being on the cutting

gained momentum,” Josh Rosen, a co-owner of Sat-

edge of all kinds of things.

urdays Surf NYC, told the newspaper. “Crosby Street

But this uprising is quiet — and is bringing even

more high style to the neighborhood.

42

Luxury Listings NYC

has always felt sort of neighborhoody.”

Though still quiet compared to Broadway, just one

Shops catering to younger men are taking over

block over, Crosby has plenty of foot traffic — many

Crosby Street, attracted to its Old World look and laid-

of the passersby are guests of the Mondrian Soho

back feel.

luxury hotel, which opened a couple of years ago on

So many men’s retailers have set up shop along

Crosby between Howard and Grand streets.

the cobblestones, in fact, that the five blocks between

“It used to be … a way to get where they were go-

Houston and Howard streets is being called the Soho

ing,” Rosen said of Crosby. “It definitely didn’t have the

men’s district.

feel of a place you went to shop and find boutiques.”

This spring alone, the Wall Street Journal report-

Two of the buildings are owned by Aria Develop-

ed, Carson Street Clothiers and Bonobos threw open

ment Group, which decided to follow the precedent

their doors; in late July, barbershop Fellow Barber

set by Rosen and inked deals with men’s stores.

started offering haircuts and other grooming ser-

“Crosby Street retains that quirky authenti-

vices. November is bringing Miansai, a Miami-based

city of a cobblestone street that some other Soho

men’s jewelry store.

streets have lost,” Aria founder Joshua Benaim told

Saturdays Surf NYC, a surf shop and coffee bar

the newspaper. “Each store has a little bit of indi-

that also sells clothes, kicked off the men’s trend

viduality. This is part of the dynamism of New York.”

in 2009.

— Melanie Gray

SEPTEMBER/OCTOBER 2013

Presents

Mayoral Debate:

THE FUTURE OF NYC REAL ESTATE

MONDAY, SEPTEMBER 16, FROM 5:30 TO 7 P.M.

Mason Hall at Baruch College’s Performing Arts Center, 17 Lexington Avenue

Limited Space

For Ticket Reservations by Phone

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NEIGHBORHOODS

Shades and biker jackets … too cool

No kids, a reusable shopping bag and school’s in!

87

Percentage of homes in Soho that don’t have kids

$145

Price of a Le Pliage shopping bag at Longchamp, at 132 Spring Street

15

The company that makes THE biker jacket that the Ramones turned into high fashion is opening a store in Soho, its first in New York City in 70 years.

Schott NYC will join designers Tori Burch and Cynthia Vincent on Elizabeth Street, between East Houston and Prince streets. The punkers adopted Schott’s “Perfecto” model as their dress code when they hit it big in the mid-1970s.

Just as the Ramones considered themselves the rebels of rock, Warby Parker considers itself the rebel of eyewear — trendy styles at rock-bottom prices. And the online retailer is bringing its offices to One Soho Square, the tower at 233 Spring Street. Warby Parker opened its first brick-andmortar store just blocks away, at 121 Greene Street.

Average class size at Elisabeth Irwin High School, at 40 Charlton Street Sources: Census Bureau, Longchamp, Elisabeth Irwin

It’s a Material World on Crosby.

Madonna slept here … and you can, too

Building (on the) block

If you have $650 to drop on a night’s sleep, then rental site Airbnb has a loft on Crosby Street for you. The two-bedroom, two-flatscreen-TVs pad is where Madge wrote her selftitled debut album, released 30 — yikes — years ago. The apartment was also the studio of Jean-Michel Basquiat, who started out as a graffiti artist in the late 1970s and transformed himself into a Neo-expressionist by the mid-1980s. He and the Material Girl were tight. Basquiat died in 1988 of a heroin overdose — but not in his studio.

A shiny new condo tower is going up at 180 Sixth Avenue, between Prince and Spring streets. Its 14 stories will be divided into 25 homes and a common landscaped terrace.

Renderings of the building, named One Vandam, show lots of glass.

A pricey rentAl: $80K/Month

‘Simpsons’ Moe says sayonara

Address 214 Lafayette Street Type/size Townhouse; three bedrooms, three baths and a halfbath; 13,000 sf Hot Features A private Zen terrace and a private indoor pool

StreetEasy

next up: $60K for a townhouse at 484 Greenwich Street and $45K for a 42 Wooster Street condo

44

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

Hank Azaria, who brings Moe Szyslak of “The Simpsons” to life, has unloaded his fifth-floor co-op at 84 Mercer Street for $8 million .

The home, which Azaria once called “the happiest place on earth,” now belongs to Third World Dog Trust, a limited liability corporation.

Happy, now sad.

AS WE BEGIN OUR SECOND YEAR, WE WELCOME THE CLASS OF 2028.

Thinking. Ahead.

Our newest class will experience education for a global age.

Avenues gets an graduation unparalleled reception.

2,300 applications Imagine their in the spring ofWith 2028over alongside received to date, Avenues is proving the power of its global approach to classmates at our campuses in Beijing, São Paulo, London, education well before our official opening this fall.

Delhi, and here in New York City, to name a few.

Designed as one of the most rigorous and innovative schools in the city, Avenues New York iswith the an first of 20 or campuses that All will graduate evolved setmore of tools acquired, in will part,form the world’s first global school serving children ages three to 18. through an Avenues education that introduces perspectives Think Avenues New York, Avenues Beijing, Avenues London and and challenges referencing a global horizon.

Avenues São Paulo — a connected community of faculty and students.

This is Avenues: The World School. Avenues was founded, and is headed, Each of these students will be bi-lingual or better. They will by a team of educators who have led some of the world’s most prestigious probably have lived and studied at other Avenues campuses schools and universities — including Yale, Exeter, Hotchkiss and Dalton.

overseas. They‘ll be collaborative, technologically sophisticated and ready to be leaders for a future we can’t predict, but for which we can prepare.

Back to the present.

Our second first day of school is Monday, September 9, and we’ll be opening our doors to 1100 students. If you’d like to

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learn more about Avenues admissions, you are invited to

attend a parent information event. Register at avenues.org or call Avenues admissions at 646.664.0800.

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We define our neighborhoods as much as they define us.

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

45 Horatio Street 212.604.0300

33 Irving Place 212.557.6500

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

57 EAST 57 EAST 64TH 64TH STREET STREET - TH- TH

163 EAST 163 EAST 64TH 64TH STREET STREET - TH- TH

8 BR,87BR, BATH 7 BATH WEB WEB ID: 477984 ID: 477984 $48 M $48 M

5 BR,58BR, BATH 8 BATH WEB WEB ID: 191625 ID: 191625 $27.5$27.5 M M

100 CENTRAL 100 CENTRAL PARK PARK SOUTH SOUTH

5 EAST 5 EAST 16TH 16TH STREET STREET

3 BR,33BR, BATH 3 BATH WEB WEB ID: 888708 ID: 888708 $8.35$8.35 M M

3 BR,32.5 BR,BATH 2.5 BATH WEB WEB ID: 655880 ID: 655880 $6.75$6.75 M M

56 EAST 56 EAST 1ST1ST STREET STREET

152 WOOSTER 152 WOOSTER STREET STREET

3 BR,32BR, BATH 2 BATH WEB WEB ID: 602569 ID: 602569 $6.5 M $6.5 M

3 BR,32BR, BATH 2 BATH WEB WEB ID: 111865 ID: 111865 $5.75$5.75 M M

Average August rents Studio $5,310 1 bed $5,702 2 beds $9,149 3 beds $14,903 > 3 beds $21,270 Average second-quarter sale prices Studio N/A 1 bed N/A 2 beds $2.27M 3 beds $3.19M > 3 beds $13.75M Average discount off the sticker price None Source: StreetEasy

Top: The outdoor heated pool. Middle: A place for a relaxing soak. Bottom: The sundeck, at dusk.

SUPERSIZE THIS APARTMENT!

There’s a triple surprise inside 1 York Street.

Three Tribeca rentals will be stitched into in one huge home—for $22M

C

all it Tribeca’s $22 million fix-it-upper.

floor above the space to be opened up. (The apart-

Street, just off Canal Street and Sixth Avenue. And the

ments all have tenants.) The brokers marveled at the

project is really a lot more than updating the kitchen

roominess, and chatted about possible sales pitches

or slapping on a coat of paint: It’s turning the pads

for the urban oasis that’s right now just a mirage.

into one full-floor spread.

The job of selling the idea isn’t an easy one. There

the cost does include the talents of Thomas JuulHansen. The Danish architect designed the interi-

a major overhaul when there is no shortage of ritzy

ors at One57, the 75-story residential skyscraper in

ready-to-move-ins or ones being built that can be

Midtown, and has already converted a floor of apart-

customized.

ments at 1 York Street into a single-family home.

So the real estate brokers who need to find a buyer

The space for sale comes with two parking spots,

for the space decided throwing a party would gener-

200 square feet of storage as well as use of the build-

ate some buzz.

ing’s outdoor heated pool and a mammoth sundeck.

Jason Karadus, Frank Giordano and James Cox, parts to sip melon cocktails and take a look at another home in the 14-story tower that had been a trio of rentals, too.

Luxury Listings NYC

A price tag of $22 million is nothing to sniff at, but

aren’t exactly droves of sellers who want to take on

all of Town Residential, invited 40 of their counter-

48

The group took a tour of the 11th floor, just one

OK, so it’s actually three apartments at 1 York

SEPTEMBER/OCTOBER 2013

Now, who’s ready for a little home repair project?

— Hayley Kaplan

NEIGHBORHOODS

A music snub and Sandy fallout

Raw fish, fresh air and nuggets of gooeyness

12

Seats at Ichimura, the sushi bar at chef David Bouley’s Brushstroke, at 30 Hudson Street. Omakase (“I’ll leave it to you”) menus start at $160 Pier 26 won’t be playing host to any concerts next summer. Hudson River Park Trust is searching for a new venue for “Live on Pier 26” — obviously, the name will have to change — after a good number of the locals complained long and loud about the sound levels. The series wrapped up the weekend after Labor Day, with an indie pop band called Passion Pit.

It’s been almost a year since Hurricane Sandy flooded 31 Desbrosses Street with nearly 4 feet of water and the rentstabilized loft building still isn’t safe to live in. That not-so-small detail has tenants so peeved that they’re taking their landlord to court. Ponte Equities claims that making the repairs will cost more than the structure is worth; the residents insist the foot-dragging is simply a way to make them move.

0.3

Acreage of Tribeca Park, at Beach and Walker streets between St. John’s Lane and Sixth Avenue

$2

What a cupcake costs at Tribeca Treats, 94 Reade Street Sources: Brushstroke, NYC, Tribeca Treats

Beach bod, forever Keep that tush tight and those abs hard all year long. It’s easy — OK, easier! — at CrossFit/212, a gym that mixes aerobics with strength training and conditioning. The club has one location at 84 Franklin Street and is opening its second just blocks away at 281 Broadway. The first day of business is Sept. 19 and all classes will be, yes, FREE.

A tail-waggin’ experience

A park for pampered pooches and people A luxe dog run — yes, there is such a thing — is now open in Hudson River Park, near Hubert Street. And why it’s posh: step-activated sprinklers, umbrellas for shade, and trees. That last one, frankly, has us stumped. Wood seems pretty standard.

DELUXE DUPLEX IN THE SKY: $35M

Jay (Gatsby) walking

Address 101 Warren Street Type/size Condo; four bedrooms, four-and-ahalf baths; 5,769 sf Hot Features Floor-to-ceiling windows in the living room and a wraparound terrace

StreetEasy

Two townhouses: $14M for 190A Duane Street and $8.75M for 315 Greenwich Street

Leonardo DiCaprio trained his Gatsby gaze on Tribeca over the summer, shortly after the release of his movie remake of F. Scott Fitzgerald’s iconic novel.

First, he toured the Sterling Mason, at 71 Laight Street. Then, rumors swirled that Mr. Titanic had forked over $42M FOR A PENTHOUSE AT 250 WEST STREET. The truth: no deal.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

49

Average August rents Studio $2,330 1 bed $2,604 2 beds $3,962 3 beds $4,890 > 3 beds $8,115 Median August listing prices Studio $379,000 1 bed $675,000 2 beds $1.5M 3 beds $2.95M > 3 beds N/A

The Niagara, at 132 East Seventh Street, is where Strummer, a forefather of punk, liked to hang out when he wasn’t on stage.

Average discount off the sticker price 2.4% Source: StreetEasy

Graffiti artists Dr. Revolt and Zephyr will replicate their painting once the wall is back up.

A PUNKER’S PORTRAIT

Mural of the great Joe Strummer is big draw for a modest bar

T

he East Village is one of New York’s centers of

wall of the Niagara, at East Seventh Street and

counterculture — and has been for at least the

Avenue A.

last 40 years.

But the late 70s was the nabe’s heyday for cut-

ting-edge music: Punk was born. The Ramones, Iggy Pop and even the biggest of them all, The Clash — they all played the bars.

One of the movement’s biggest talents was

The Clash’s Joe Strummer, who would pull up a

“It gets probably 100 photos taken each day,” Malin told DNAinfo.

Then, a few weeks ago, construction workers had to rip out the wall because it was crumbling.

“One woman even came and took a brick as

song. He came to know the joint’s co-owner,

a souvenir,” building super Jermaine Jeffrey told

Jesse Malin. They had a lot to talk about — music,

DNAinfo.

When Strummer died in late 2002 from an undiagnosed heart defect, it meant more to Malin

A new wall should be up by mid- to late September; then, Dr. Revolt and Zephyr will reprise their artwork.

than just the loss of a friend. It meant the loss of

The day that the bricks came down was a

a talent, a talent that the Niagara didn’t want the

tough one. Malin struggled to keep his emotions

world to forget.

in check but took solace in knowing that the me-

Only months later, two of the city’s original graffiti artists , Dr. Revolt and Zephyr, painted a larger-than-life mural of Strummer on an outside

Luxury Listings NYC

destination for dozens of punk fans every day.

stool at the Niagara after he sang the day’s last

mostly. Malin played guitar, too.

50

The portrait — a young Stummer in shades with the words “The Future is Unwritten” — became a

SEPTEMBER/OCTOBER 2013

morial isn’t gone for good.

“Unfortunately, Joe can’t come back,” he said, “but the mural can.” — Melanie Gray

NEIGHBORHOODS

A bite to eat, homelands and a little off the top

Rentals, sales and a daddy’s girl

$45

What the Tenement Museum, at 108 Orchard Street, charges for its “Foods of the Lower East Side” tour

37.1

Percentage of folks in the nabe who were born in another country

The money behind the exclusive Soho House is trickling down — into the LES. The private club/hotel owners are putting up a luxe rental at 155 Attorney Street. The number of homes that will be up for (pricey) grabs: roughly 40.

$75

Price of a men’s haircut at Tommy Guns Salon at 138 Ludlow Street Sources: Tenement Museum, Census Bureau, Tommy Guns Salon

If you’re in the market to buy, then there’s something for you, too. The old Nativity Mission School and the vacant lot next door, at 204 and 206 Forsyth Street, will have a second life as a condo tower.

Starchitect legacy Isabelle Trapnell Marino, all of 21, scooped up a two-bedroom apartment at 250 Bowery for $2.2 million. Her daddy is Peter Marino, the Leather Daddy of Luxury.

Morning buzz

Sons of Essex, the epitome of comfort food

Food fight

A caffeine addict? You’re in luck. Irving Farms Coffee Roaster is brewing a fresh pot of java right now — actually, several — at 88 Orchard Street, the newest of its five locations in the city.

There’s internal indigestion at Sons of Essex, at 133 Essex Street. Matthew Levine wants two former partners to cough up $20 million for supposedly pushing him out of the restaurant, which serves up high-end comfortable cuisine.

The partners contend they gave Levine the boot because he didn’t mind to money matters. Now, that’s what we call slinging hash!

The priciesT renTAl: $12.5K/MonTh

Mi Amour

Address 67 Clinton Street Type/size Townhouse; four bedrooms, two baths; 2,000 sf Hot Features A chef’s kitchen and oversized windows

StreetEasy

Also for fat cats: $10,750 for a duplex penthouse at 157 ludlow street and $7,500 for a 333 Broome street penthouse

The 19-century “love nest” of Olivier Sarkozy, half-brother of the former French President Nicolas Sarkozy (Carla Bruni’s hubby), and child star-turned-designer Mary-Kate Olsen is for sale. The rowhouse at 123 East 10th Street belongs to Sarkozy, who bought it last summer for $6.25 million. ThE PriCE NOw: $6.995 MilliON.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

51

Average August rents Studio $2,872 1 bed $3,716 2 beds $5,524 3 beds $6,012 > 3 beds $13,072 Average August sale prices Studio $650,000 1 bed $946,708 2 beds $1,63M 3 beds N/A > 3 beds N/A

A rendering of Seaport City, a community that outgoing Mayor Michael Bloomberg is charging ahead with

Average discount off the sticker price 7.4% Source: StreetEasy

Money, or rather the lack of it, is what bogged down similar plans by two of Mayor Bloomberg’s predecessors.

In 1972, Mayor John Lindsay laid out plans for building a community on platforms in the East River between the Battery and the Brooklyn Bridge. The cost: $1.2 billion in private funds, which never materialized.

Only a little more than a decade ago, Mayor Giuliani lobbied for a $678 million East River Guggenheim Museum that included shops at Piers 13 and 14. Again, even with promises of financial help from the city, the museum scrapped the plan because of the expense.

A CITY RISING FROM SEA

O

East River nabe would save FiDi from furious storms ut of bad comes good. Hurricane Sandy rav-

250 that came from a climate change study that

aged Lower Manhattan, leaving tens of thou-

the city commissioned after the superstorm hit

sands of New Yorkers without the basics of life.

New York.

Now, not even a year later, the city is forging

Bloomberg hasn’t put either a price tag or a

ahead with a plan to build a neighborhood on the

timeline on project, which would undoubtedly run

East River that would protect the southern tip of

into the billions and take decades to finish — if it

the island from other furious storms and rising

ever gets underway.

sea levels, Crain’s reported.

With less than three months left in office, Mayor Michael Bloomberg is calling on urban

fills, according to the newspaper.

“Ever since Battery Park City, you basically

ideas for protecting the Financial District’s wa-

can’t do landfills in America anymore,” said ar-

terfront with what he describes as essentially a

chitect Stanton Eckstut, who designed the mas-

clone of Battery Park City — a mix of retail shops

ter plan for Battery Park City. “It’s a no-no.”

Eckstut and many of the city’s foremost con-

“Call it Seaport City,” the mayor said in a

struction experts, including John Boule of engi-

speech over the summer. “Yes, it would be ex-

neering giant Parsons Brinckerhoff, acknowledge

pensive to build. But over time it could prove to

that the city has an uphill battle but should push

be a great investment, just as Battery Park City

ahead with Seaport City.

has been.”

Fashioning an island out of nothing was, frankly, the most extreme recommendation of

Luxury Listings NYC

port City is getting around a state ban on land-

planners and architects to give him their best

and high-rise apartments.

52

The city’s other big challenge in building Sea-

SEPTEMBER/OCTOBER 2013

“Between resourcing and regulatory barriers, it’s like putting people on the moon,” Boule said.

“But I think that happened.” — Melanie Gray

Lower Manhattan last October, after being battered by Hurricane Sandy

NEIGHBORHOODS

Green, green and more green: cash, foliage, a tower’s dome

The tales of two churches

2,800

Companies listed on the New York Stock Exchange, with a global market capitalization of $18 trillion

1,019

Trees in the Financial District

$30

Trinity Church is tearing down two buildings that it owns on Trinity Place, near Rector Street, to put up an apartment complex. The plan has split the congregation, especially over the role of Rev. James Cooper. He has fought long and hard for the project, peeving more than a few of Trinity’s board members. Emotions ran so high two years ago that a few resigned their seats.

What it costs to take a guided tour of the historic lobby of the Woolworth Building, at 233 Broadway Sources: NYSE, New York magazine, Woolworth Tours

A Greek Orthodox church destroyed on 9/11 is being rebuilt.

The new Church of St. Nicholas will sit at 130 Liberty Street, just south of the World Transportation Hub that is in the works. The Greek Orthodox Archdiocese has tapped architect Santiago Calatrava, who also designed the subway station. Calatrava is one of a dozen architects who submitted designs for the new St. Nick’s.

Q & A

Why did you move to the Financial District and why have you stayed?

The main reason was we found this apartment with loft ceilings and a work/ live environment. We stayed down here because … all the subways are very convenient to get to, so that’s very nice. We love the Battery Park area, too, for biking and walking. The negative part is that the tourist population is becoming very robust here.

—MYUNG CHOI, a neighborhood resident for nine years

THE PRICIEST LISTING: $40M

Brookfield Place, not the run-of-the-mill mall

Project Runway Fifth Avenue has a new rival. It’s Brookfield Place at 200 Vesey Street — aka the old World Financial Center. Salvatore Ferragamo is setting up shop inside the fashion haven. Already open: Calypso St. Barth, Michael Kors, Hermes and Burberry.

A stop by a shortstop’s hottie Address W New York Downtown & Residences, 123 Washington Street Type/size Duplex penthouse; 18 bedrooms, 18 baths; 12,000 sf Hot Feature $2M credit for design and construction

StreetEasy

Far more reasonable: An $8.85M duplex penthouse at 75 Wall Street and an $8.5M loft at 138 Fulton Street

Supermodel Hannah Davis, heartthrob of the Yankees’ Derek Jeter and a lovely in this year’s Sports Illustrated swimsuit issue, took a look at a condo in the nabe at 15 Broad Street.

The two-bedroom had an ASKING PRICE OF NEARLY $1.4 MILLION.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

53

COST OF LIVING CONTINUED FROM PAGE 18

Simply trimming expenses There are other less-drastic steps that buildings can take to lower their common charges.

At 20 Pine, the board reviews two of the tower’s 20 contracts every month to make sure residents are getting the most competitive rates and highest-quality services, said building manager Drew Kantor. In January, for example, board members renegotiated the mortgage rate on the superintendent’s apartment from 8 percent to about 4 percent — for a savings of about $28,000 annually.

Some buildings have even looked to reduce monthly fees by cutting staff, since labor costs — specifically pay and benefits — are typically a building’s biggest maintenance expense, industry professionals said.

At 7 Dutch Street Condominium, the board decided to control costs by reducing its payroll spending. Today, the building shares a superintendent with nearby 80 Nassau Street, 15 Dutch Street and 41 John Street, all also owned by Time Equities. The savings are “substantial,” said Time Equities’ Roberta Axelrod, though she declined to give an exact figure.

Both 20 Pine and the Atelier zeroed in on energy efficiencies to help their bottom lines.

At 20 Pine, an LED lighting program that cost $380,000 has already saved $200,000 in electricity costs since it was installed last year. And the Atelier saw its electricity bill drop by 30 percent after it installed solar panels two years ago; the $60,000 investment has already been recouped, Neiditch said.

Finally, when condo board members think they have shaved expenses all that they can, they turn to raising revenue to help hold down common charges.

The Atelier, for example, rents out its Sky Lounge for up to $10,000 per event and earns $100,000 a year from storage units that it rents to its residents for $2,000 annually, Neiditch said.

Sometimes, between the cost-cutting and the fund-raising, buildings have enough in their bank accounts to add amenities.

The Atelier has built a movie theater, an office center, a tennis court and a dog run. At 20 Pine, Kantor said, the children who live there have a playroom. And another of Axelrod’s buildings, the Amos Street Condominium at 223-225 West 10th Street, has installed storage space and a laundry room.

Raising sale prices For residents still feeling financially fragile from the downturn, the combination of more amenities and lower common charges is a boon. But the windfall is much more than a better quality of life and more money in their pockets: It has raised the value of their homes.

Lower common charges especially translate to higher sale prices.

A smaller monthly fee lets buyers to look for apartments in “a higher price point,” explained Warburg Realty’s Caleb Hartzler.

“If it brings down [buyers’] net monthly costs,” he said, “it does sometimes enable them to obtain a larger mortgage.”

A cost comparison of the Atelier and the Strand, just blocks away at 500 West 43rd Street, drives home the tie between common charges and property values.

At the Atelier, the average price per square foot of apartments sold in the last year was $1,178. At the Strand, the average price per square foot of sold apartments was $1,034. Its common charges, according to StreetEasy: $1.94 per square foot, nearly a dollar more than the Atelier’s.

“The lower your maintenance fees are the higher the price the condo will sell,” Neiditch said.

“If your maintenance fees are crazy expensive, it lowers the price of the apartment to compensate for it.”

The Atelier, at 635 West 42nd Street, dumped its management company and is pocketing a tidy $200,000 a year.

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20 Pine shaves costs by keeping an eye on its contracts.

“You don’t really need a management company.

You just need a board that’s hands-on.”

—Dan Neiditch, the Atelier’s board president

7 Dutch Street saves big bucks by sharing a superintendent with three other buildings.

The Heart of Your Home

Mercedes/Berk Ltd. • 783 Madison Avenue, 3rd Fl. • New York, NY 10065 • 212.452.3070 • mercedesberk.com

15 Central Park West • 3 Bedroom/3.5 Bath • $14,950,000

15 Central Park West • 2 Bedroom/2.5 Bath • $10,900,000

The Apthorp • 390 West End Avenue • 3 Bedroom/3 Bath • $6,395,000

Noel Berk, principal

Elizabeth Omedes, principal

212.371.4065 • noel@mercedesberk.com

917.371.0075 • liz@mercedesberk.com

“30 Years Experience in Luxury Real Estate.”

LISTINGS

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138 Fulton Street #4AB in Fulton/Seaport

$2,000,000

Condo (2,000 sf): 2 baths | Amenities: Pets Allowed | Listing ID: S937195 There’s no better time to buy this huge full-floor loft in a mixed-use condo building. 138 Fulton was originally a 19th-century eyeglass factory. Listed by Regis Roumila, 646-924-4389, regis@nestseekers.com.

345 East 56th Street #14FG in Sutton Place

56

$2,000,000

15 Broad Street #2300 in Financial District

$1,975,000

Condo (1,945 sf): 4 rooms, 2 beds, 2 baths | Amenities: Doorman, Loft, Terrace | Common Charges: $1,637 | Monthly Taxes: $354 | Listing ID: S797885 Live in this stunning, spacious corner apartment in the coveted Downtown by Stark building. Listed by Lawrence Rich, 212-891-7232, lrich@elliman.com.

205 Third Avenue #12VW in Gramercy Park

$1,995,000

Co-op (2,750 sf): 7 rooms, 4 beds, 4 baths | Amenities: Doorman, Fireplace, Elevator Maintenance: $4,958 | Listing ID: S846160

Co-op (1,600 sf): 6 rooms, 2 beds, 2 baths | Amenities: Doorman, Garden, Terrace Maintenance: $2,131 | Listing ID: S947253

Space!!! Sun-flooded corner apartment with an 18-foot-wide dining area.

Listed by Lauren Muss, 212-893-1455, lam@corcoran.com.

Take advantage of a great opportunity to make this sun-filled apartment your new home. Listed by Lee Ann Jaffee, 646-613-2739, ljaffee@stribling.com.

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112 East 83rd Street #4C on Upper East Side

$1,525,000

$1,549,000

30 West Street #3F in Battery Park City

Co-op: 4.5 rooms, 2 beds, 2.5 baths | Amenities: Doorman, Elevator, Pets Allowed Maintenance: $3,329 | Listing ID: S923696

Condo (1,868 sf): 2 beds, 2 baths | Amenities: Doorman, Elevator, Gym Common Charges: $1,754 | Monthly Taxes: $2,088 | Listing ID: S836280

This home is in a beautifully maintained prewar building on a tree-lined block right off of Park Avenue. Listed by Aphie Kolaitis, 917-282-5616, akolaitis@corcoran.com.

This loft-like home features floor-to-ceiling windows and Brazilian cherry hardwood floors. Listed by Nick Jabbour, 646-443-3713, nick@nestseekers.com.

50 Orchard Street #3D on Lower East Side

$1,595,000

1438 Third Avenue #19C on Upper East Side

$1,749,000

Condo: 2 beds, 2 baths | Amenities: Roof Deck, Terrace, Elevator Common Charges: $580 | Monthly Taxes: $590 | Listing ID: S891322

Condo (1,201 sf): 4 rooms, 2 beds, 2 baths | Amenities: Doorman, Balcony, Elevator Common Charges: $984 | Monthly Taxes: $1,172 | Listing ID: S979788

On a quiet block of storied Orchard Street, this new apartment oozes glamour.

Listed by Mary Lou Currier, 212-645-8800, marylou@bondnewyork.com.

Welcome to a stunning corner home boasting a northeastern exposure of the always vibrant cityscape. Listed by William Martin, 212-891-7658, wmartin@elliman.com.

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9 North Moore Street GRNDFLR in Tribeca

$2,500,000

83 Perry Street #1 in West Village

$2,500,000

Condo (2,174 sf): 9 rooms, 3 beds, 2.5 baths | Amenities: Loft, Elevator, Patio Common Charges: $850 | Monthly Taxes: $760 | Listing ID: S854380

Condo (1,600 sf): 8 rooms, 3 beds, 2.5 baths | Amenities: Fireplace, Garden Common Charges: $275 | Monthly Taxes: $662 | Listing ID: S732335

Set up your business and/or your residence in the heart of Tribeca on North Moore Street. Listed by Ali Jafri, 212-891-7173, ajafri@elliman.com.

This perfect garden hideaway is one of a privileged few with access to the exquisite Bleecker Gardens. Listed by Jill Gullace, 212-844-4246, jill.gullace@elliman.com.

United States Bankruptcy Court Eastern District of New York • In Re: Janice Marie Becker • Case # 10-14314-SMB

90 East End Avenue, Unit 8A, Manhattan, NY • 3,000+ Sq Ft Waterview Condo • Boutique White Glove Building • Spectacular Water, Bridge & Park Views • Built in 2000 with 4 Bedrooms • Renovated & Reconfigured to Boast a Lavish Master Suite with One Additional Bedroom and an Exquisite Study/Library • Currently Structured as 2 Bedrooms & 4 Baths (Can easily be returned to original layout) Please Visit Web or Call for Viewing & Auction Schedule www.MaltzAuctions.com • 516.349.7022

AUCTIONS…Your Liquidity Solution® Richard E. O'Connell, Esq., Chapter 7 Trustee • Lamonica, Herbst & Maniscalco LLP, Attorneys for Chapter 7 Trustee David R. Maltz, Auctioneer DCA# 762794 • Richard B. Maltz, Auctioneer DCA# 1240836 & Licensed Real Estate Broker

LISTINGS

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Properties

$2,250,000

233 West 26th Street #8E in Chelsea Co-op: 5 rooms, 2 beds, 2 baths | Amenities: Washer/Dryer, Pets Allowed, Loft | Maintenance: $2,758 | Listing ID: S868084

This rare Chelsea loft features 10-foot ceilings; 21 oversize, double-paned windows; exceptional light; a very large and open living space; wood floors throughout; washer/dryer in the unit; southern, eastern and northern exposures; and open city views of the Empire State Building. Listed by Toni Haber, 212-891-7702, toni@elliman.com.

$2,250,000

440 West 23rd Street #B in West Chelsea Co-op (1,450 sf): 4 rooms, 2 beds, 2 baths | Amenities: Fireplace, Terrace, Washer/Dryer | Maintenance: $2,879 | Listing ID: S954824

On one of the prettiest tree-lined West Chelsea blocks, in the famous Fitzroy Townhouses, this grand parlor floor apartment is exquisite. It has 12-foot ceilings, two wood-burning fireplaces, central air-conditioning and Baldwin hardware. Listed by Leonard Steinberg, 212-727-6164, lsteinberg@elliman.com.

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LISTINGS

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$2,995,000

561 Broadway #8A in Soho

$2,995,000

Co-op (2,200 sf): 1 bed, 1.5 baths | Amenities: Loft, Balcony, Pets Allowed Maintenance: $3,766 | Listing ID: S979654

Condo (2,536 sf): 7 rooms, 4 beds, 3 baths | Amenities: Doorman, Elevator, Hot Tub Common Charges: $2,312 | Monthly Taxes: $2,382 | Listing ID: S987356

Wonderfully wide! This apartment in the famed Singer Building is nearly 50 feet wide! Listed by Elaine Schweninger, eschweninger@townrealestate.com.

This enormous duplex apartment is in the Abbey Condominium, originally a parish house for St. George’s Church and now a city landmark. Listed by Kathi Jacob, 212-381-6592, kjacob@halstead.com.

261 West 28th Street #PHC in Chelsea

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205 East 16th Street in Gramercy Park

$3,000,000

1 East 66th Street #8AJ on Upper East Side

$3,000,000

Condo (1,672 sf): 5.5 rooms, 2 beds, 2.5 baths | Amenities: Doorman, Elevator Common Charges: $2,350 | Monthly Taxes: $975 | Listing ID: S771247

Co-op: 5.5 rooms, 3 beds, 2.5 baths | Amenities: Doorman, Gym, Elevator Maintenance: $3,730 | Listing ID: S800573

This penthouse truly has it all, and includes floor-to-ceiling windows and even a windowed office. Listed by Lindsay Barton Barrett, 212-941-2568, lib@corcoran.com.

This apartment is in a Rosario Candela building that offers hotel-style service within a warm and traditional home setting. Listed by Diane Johnson, 212-418-2075, djohnson@elliman.com.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

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$3,500,000

75 Ludlow Street #PH6C on Lower East Side

Condo (3,379 sf): 7 rooms, 4 beds, 2 baths | Amenities: Doorman, Pets Allowed, Loft, Garden | Common Charges: $1,880 | Monthly Taxes: $4,276 | Listing ID: S685507 This duplex penthouse has lots of space outside, too — nearly 1,200 square feet of private terrace in four sections. The key-locked elevator opens directly into the apartment, which has a dedicated, voluminous studio space with a glass garage door, and a double-height ceiling with a mezzanine level. Listed

by Joel Stanger, 212-381-6509, jstanger@halstead.com.

100 Grand Street #4FL in Soho

$3,500,000

70 East 77th Street #2B on Upper East Side

$3,400,000

Co-op (2,800 sf): 5 rooms, 3 beds, 2 baths | Amenities: Loft, Elevator, Pets Allowed Maintenance: $2,200 | Listing ID: S990494

Co-op (2,100 sf): 3 beds, 2.5 baths | Amenities: Doorman, Fireplace, Elevator Maintenance: $4,658 | Listing ID: S882171

Here it is: a full-floor loft on Grand Street. The keyed elevator opens directly into a breathtaking, quintessential Soho pad. Listed by Jana Kolpen, 212-875-2839, jfk@corcoran.com.

Location is a standard of excellence in real estate, and sets the stage for this classic residence’s appeal. The library can be converted into a fourth bedroom.

Listed by Ginger Brokaw, 646-998-7408, gbrokaw@townrealestate.com.

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LISTINGS

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508 West 24th Street #2N in West Chelsea

$4,150,000

Condo (2,315 sf): 5 rooms, 3 beds, 3 baths | Amenities: Doorman, Pets Allowed, Elevator, Balcony | Common Charges: $2,607 | Monthly Taxes: $1,253 | Listing ID: S953813 Near the High Line, 508 West 24th Street was designed by architect/developer Cary Tamarkin in the spirit of West Chelsea’s industrial-era warehouses. More than half of the tower’s 15 residences offer private outdoor space. Listed by Millie Perry, 646-613-2651, mperry@stribling.com.

173 Perry Street #3FL in West Village

$4,250,000

Condo (1,808 sf): 4 rooms, 2 beds, 2.5 baths | Amenities: Doorman, Balcony, Loft, Elevator | Common Charges: $4,702 | Monthly Taxes: $2,099 | Listing ID: S920485 This sunny, full-floor apartment boasts inspiring views of Hudson River Park, the river and the city’s stunning skyline. The has-it-all building was designed by Richard Meier, the world’s leading Modernist architect. Listed by Herve Senequier, 212-727-6162, hsenequier@elliman.com.

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$4,295,000

400 East 67th Street #14C on Upper East Side

Condo (2,136 sf): 6 rooms, 3 beds, 3 baths | Amenities: Doorman, Pets Allowed, Elevator, Roof Deck | Common Charges: $2,159 | Monthly Taxes: $714 | Listing ID: S919997 The Laurel condominium is the host of this gracious yet homey space. Its roominess allows for a wonderful design. The combination foyer-gallery flows seamlessly into the living room and dining room, with oversize floor-to-ceiling windows and 10-foot ceilings. Listed by Carol Raskin, 212-452-6215, craskin@bhsusa.com.

$4,300,000

23 West 73rd Street 1407/06/05A on Upper West Side Co-op: 8 rooms, 4 beds, 4 baths | Amenities: Doorman, Gym, Elevator | Maintenance: $4,418 | Listing ID: S981400

Grab this once-in-lifetime opportunity to create the perfect high-floor home on Central Park. By simply opening up two walls, you can combine a large twobedroom apartment with two spacious studio apartments. Listed by Ryan Serhant, 646-443-3705, ryans@nestseekers.com.

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LISTINGS

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Properties

360 West 36th Street #PH12 in Midtown West

$4,400,000

115 Allen Street #PHA on Lower East Side

$4,395,000

Co-op (3,794 sf): 9 rooms, 4 beds, 4 baths | Amenities: Roof Deck, Terrace, Fireplace Maintenance: $5,958 | Listing ID: S970117

Condo (2,610 sf): 7 rooms, 4 beds, 2 baths | Amenities: Fireplace, Terrace Common Charges: $1,404 | Monthly Taxes: $2,389 | Listing ID: S839770

This unique top floor, with incredible light and knock-’em-dead views of the city and the Hudson River, is in the heart of the Garment District. Listed by Peter Browne, 646-613-2718, pbrowne@stribling.com.

This penthouse has 360-degree views, three terraces, and a private roof deck with a Jacuzzi and a self-irrigating garden. Listed by Laurence Carty, 800-964-7893, laurence.carty@corcoran.com.

$4,500,000

377 West 11th Street #3A in West Village Co-op (3,200 sf): 6 rooms, 3 beds, 2 baths | Amenities: Fireplace, Pets Allowed, Loft | Maintenance: $3,347 | Listing ID: S839516

Prepare to be wowed! This spectacular duplex loft in Downtown’s most desirable location features a sprawling layout and superb luxury finishes throughout! A dramatic entrance gallery — ideal for displaying your art collection — leads to a grand-scaled living/dining room with 15-foot ceilings, gorgeous wide-plank flooring, a wood-burning fireplace, and brilliant southern light from enormous double-glazed windows. Listed by Richard Orenstein, 212-381-4248, rorenstein@halstead.com.

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200 East 66th Street #E604 on Upper East Side

$4,775,000

93 Worth Street #1106 in Tribeca

$4,500,000

Condo (2,588 sf): 5 rooms, 3 beds, 3 baths | Amenities: Elevator, Pets Allowed, Patio | Common Charges: $2,161 | Monthly Taxes: $1,727 | Listing ID: S895192

Condo (2,302 sf): 5 rooms, 2 beds, 2.5 baths | Amenities: Doorman, Elevator, Gym Common Charges: $1,931 | Monthly Taxes: $2,458 | Listing ID: S852906

This grand home has a closed kitchen, custom crown moldings and 4-inchwide solid white oak floors. Listed by Manhattan House Sales & Design Center, 212-566-0660, info@manhattanhouse.com.

This spectacular residence features jaw-dropping views of Midtown, a grand living room and a family/dining room. Listed by Doron W. Zwickel, 212-219-9393, sales@93worth.com.

$4,850,000

50 Gramercy Park North PARK-12A in Gramercy Park Condop (1,848 sf): 4 rooms, 2 beds, 2.5 baths | Amenities: Fireplace, Elevator, Doorman | Common Charges: $6,635 | Listing ID: S960663

This gorgeous apartment features a spacious living room with a wood-burning fireplace and sweeping views of Gramercy Park and Downtown. Custom electric blinds and wiring for your home audio system are just two features of this magnificent home, in a building designed by acclaimed modern architect John Pawson. Listed by Benjamin Gernandt, 212-401-1580, bag@corcoran.com.

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LISTINGS

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$4,995,000

245 East 72nd Street 17C/18C on Upper East Side Co-op (2,300 sf): 8 rooms, 4 beds, 4 baths | Amenities: Doorman, Pets Allowed, Gym | Maintenance: $4,151 | Listing ID: S925995

This elegant duplex apartment, in a historic Bing & Bing building, has just been renovated. It has everything: coved and beamed ceilings, custom built-in closets, solid oak floors, Lutron light switches and a six-zone Niles sound system. And the 500-square-foot terrace is sure to take your breath away! Listed by Victoria Shtainer, 212-891-7242, vshtainer@elliman.com.

35 West 23rd Street #3 in Flatiron

66

$4,925,000

40 Mercer Street #3D in Soho

$4,950,000

Condo (3,400 sf): 7 rooms, 2 beds, 3 baths | Amenities: Loft, Elevator, Fireplace Common Charges: $1,200 | Monthly Taxes: $2,284 | Listing ID: S986798

Condo (1,843 sf): 7 rooms, 2 beds, 2.5 baths | Amenities: Doorman, Loft, Elevator Common Charges: $3,125 | Monthly Taxes: $1,177 | Listing ID: S808102

Set in the lively Chelsea/Flatiron districts, this full-floor home spans 40 feet. Seven oversize south-facing windows across the front of the building provide great natural light. Listed by Lynne Lerner, 917-748-0506, lcl@resnewyork.com.

Here’s your chance to invest. This airy loft is at the celebrated 40 Mercer Residence in cutting-edge Soho. And best of all: There’s a renter in place! Listed

by Marie Claire Gladstone, 212-508-7167, mgladstone@corcoran.com.

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SEPTEMBER/OCTOBER 2013

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$5,295,000

58 Walker Street #PH in Tribeca

Condo (2,115 sf): 6 rooms, 2 beds, 2.5 baths | Amenities: Terrace, Pets Allowed, Loft, Fireplace | Common Charges: $1,206 | Monthly Taxes: $1,002 | Listing ID: S927018 This penthouse duplex has everything you’ve been looking for; it’s homey, yet great for entertaining. The living room has 16-foot ceilings, a wood-burning fireplace, and original exposed brick that has been restored to its original beauty. Listed by Alexandra Moore, alexandra.moore@corcoran.com.

111 Central Park North #3AC in Central Harlem

$5,000,000

3 Gramercy Park West #PARLOR in Gramercy Park

$5,200,000

Condo (3,377 sf): 9 rooms, 4 beds, 4 baths | Amenities: Doorman, Elevator, Terrace Common Charges: $3,959 | Monthly Taxes: $849 | Listing ID: S731300

Co-op (2,000 sf): 5 rooms, 2 beds, 2 baths | Amenities: Balcony, Garden, Fireplace Maintenance: $3,280 | Listing ID: S861410

This is truly a modern masterpiece, with more than 75 feet of stunning views of Central Park and the Meer. And the building is new, too! Listed by Nikki Field, nikki.field@sothebyshomes.com.

Here’s your once-in-a-lifetime chance to own an elegant landmarked home facing the only private park in Manhattan. Listed by Barbara Evans Butler, 212-452-4391, bevansbutler@stribling.com.

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LISTINGS

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123 Third Avenue #PH18 in East Village

$5,250,000

781 Fifth Avenue #1001 on Upper East Side

$5,295,000

Condo (2,334 sf): 8.5 rooms, 3 beds, 3.5 baths | Amenities: Balcony, Roof Deck, Loft Common Charges: $3,211 | Monthly Taxes: $879 | Listing ID: S958491

Co-op (2,050 sf): 5 rooms, 2 beds, 2.5 baths | Amenities: Doorman, Elevator, Gym Maintenance: $12,212 | Listing ID: S935665

Stay toasty with your guests in the large living/dining room with three exposures; next summer, dine outdoors on one of the large terraces. Listed

by Ed Hickey, 212-674-5643, hickey.ed@gmail.com.

This apartment in the Sherry Netherland offers stunning Central Park views, state-of-the-art technology, and many of the elegant prewar details of the original design. Listed by Ariel Tirosh, 212-303-5267, atirosh@elliman.com.

$5,325,000

52 East End Avenue #15ABC in Yorkville Condo (3,200 sf): 4 beds, 3.5 baths | Amenities: Fireplace, Elevator, Doorman | Monthly Taxes: $2,878 | Listing ID: S853654

This home is a dramatically redesigned oasis, the epitome of modern luxury. A private entrance and landing lead to a beautifully proportioned full-floor residence offering lovely vistas from all four exposures. Listed by Jessica C. Campbell, 646-443-3734, jessicac@nestseekers.com.

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$5,350,000

37 Greene Street #3 in Soho Condo (3,200 sf): 3 beds, 2 baths | Amenities: Pets Allowed, Loft, Elevator | Common Charges: $650 | Monthly Taxes: $1,000 | Listing ID: S853645

This gem is sure to stun you. A keyed elevator opens onto a truly great room! You will be awed by the 13-foot ceilings and original wood columns. And if that’s not enough: 10 enormous windows will give you incredible light all day long. Listed by Danny Davis, 917-776-8564, ddavis@townrealestate.com.

530 East 76th Street #28A on Upper East Side

$5,500,000

233 East 17th Street #PH1 in Gramercy Park

$5,480,000

Condo (3,300 sf): 4 beds, 4.5 baths | Amenities: Doorman, Elevator, Balcony Common Charges: $4,583 | Monthly Taxes: $3,937 | Listing ID: S826515

Condo (2,200 sf): 4 rooms, 3 beds, 3.5 baths | Amenities: Elevator, Doorman, Fireplace Common Charges: $2,574 | Monthly Taxes: $2,595 | Listing ID: S958559

This sophisticated home, with stunning views of virtually everything, has been so stylishly modernized that all you will need is your toothbrush. Listed

by Peggy Dahan, 646-544-9992, pdahan@siderow.com.

What’s there to say? This simply fantastic penthouse will give you the peace and quiet you’ve been looking for. Listed by Stan Ponte, 212-606-4109, stan.ponte@sothebyshomes.com.

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LISTINGS

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$5,750,000

152 Wooster Street #2A in Soho Co-op (2,800 sf): 3 beds, 2 baths | Amenities: Pets Allowed, Loft, Elevator | Maintenance: $2,300 | Listing ID: S980056

This triple-mint loft boasts 10-plus-foot ceilings, great light and a full-size washer/dryer set. And yes, you’ve seen this designer-renovated home before — in Architectural Digest and Vogue. Listed by Steven Gold, sgold@townrealestate.com.

1 Centre Market Place in Little Italy

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$5,995,000

929 Park Avenue #2B on Upper East Side

$5,950,000

Townhouse (4,200 sf): 5 beds, 5 baths | Amenities: Roof Deck, Terrace, Pets Allowed Monthly Taxes: $1,415 | Listing ID: S893630

Co-op: 8 rooms, 3 beds, 2.5 baths | Amenities: Elevator, Doorman, Balcony Maintenance: $4,633 | Listing ID: S758765

This Novogratz-designed townhouse, completed in a minimalist modern style, is only a moment’s walk to Soho, Greenwich Village, Noho, Nolita and the Lower East Side. Listed by Nick Jabbour, 646-443-3713, nick@nestseekers.com.

The gracious double-height lobby makes this full-floor home feel like the parlor floor of a Park Avenue mansion. Grab it while you can! Listed by Nancy Candib, 212-906-9302, ncandib@bhsusa.com.

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

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161 West 75th Street #23D on Upper West Side

$6,250,000

104 Wooster Street #3S in Soho

$6,250,000

Co-op: 10 rooms, 4 beds, 5.5 baths | Amenities: Doorman, Fireplace, Elevator Maintenance: $5,181 | Listing ID: S864259

Condo (3,167 sf): 5 rooms, 2 beds, 3 baths | Amenities: Doorman, Elevator, Gym Common Charges: $2,236 | Monthly Taxes: $2,319 | Listing ID: S838983

This stunning triple-mint duplex is open and airy, bathed in brilliant light.

Listed by Deanna Kory, 212-937-7011, dek@corcoran.com.

The home boasts soaring wood-beamed ceilings, grand windows with three exposures, a fireplace and wide-planked hardwood floors. Listed by Meg Siegel, 212-431-2451, meg.siegel@sothebyshomes.com.

$6,195,000

248 East 32nd Street in Kips Bay Townhouse (6,250 sf): 7 beds, 10 baths | Amenities: Fireplace, Garden, Finished Basement | Monthly Taxes: $5,618 | Listing ID: S938097

This five-story home on one of Midtown East’s finest streets is an ideal turnkey opportunity for anyone who wants live and make money at the same time! The immaculate duplex has a massive south-facing garden. Listed by Matthew Lesser, 212-371-8200, mlesser@lesliegarfield.com.

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58 Downing Street in West Village

62 Cooper Square #3B in Noho

$6,275,000

Townhouse (2,560 sf): 3 beds, 3.5 baths | Amenities: Garden, Fireplace Listing ID: S976006

Condo (2,968 sf): 5 rooms, 2 beds, 3 baths | Amenities: Doorman, Elevator, Loft Common Charges: $2,575 | Monthly Taxes: $1,420 | Listing ID: S864609

Open the door to this circa-1899 single-family townhouse and marvel at the turn-of-the century details combined with modern touches. Listed by James Brune, 917-445-8275, james.brune@elliman.com.

This elegant loft is the perfect combination of great design, functionality and high-quality finishes. Listed by Robin Bowden, 212-727-6143, rbowden@elliman.com.

350 West Broadway #6 in Soho

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$6,250,000

$6,750,000

117 East 24th Street #8 in Flatiron

$6,500,000

Condo (2,875 sf): 6 rooms, 2 beds, 3.5 baths | Amenities: Doorman, Elevator, Terrace Common Charges: $5,936 | Monthly taxes: $802 | Listing ID: S485887

Condo (4,400 sf): 6 rooms, 3 beds, 3 baths | Amenities: Loft, Elevator Common Charges: $1,571 | Monthly Taxes: $3,348 | Listing ID: S964790

This full-floor home has it all, including plenty of baths and a windowed study. Listed by Corcoran Sunshine Marketing Group, 212-634-6500, info@corcoransunshine.com.

The epitome of true loft living! This newly renovated home is flooded with light from 45 feet of UV-protected, south-facing windows. Listed by Stan Ponte, 212-606-4109, stan.ponte@sothebyshomes.com.

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SEPTEMBER/OCTOBER 2013

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5 East 16th Street #7 in Flatiron

$6,750,000

845 United Nations Plaza #76C in Turtle Bay

$6,750,000

Condo: 3 beds, 2.5 baths | Amenities: Pets Allowed, Loft, Elevator Common Charges: $1,472 | Monthly Taxes: $2,144 | Listing ID: S920672

Condo (2,702 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Doorman, Elevator, Gym Common Charges: $2,728 | Monthly Taxes: $5,183 | Listing ID: S665551

This grand loft has a key-lock elevator, which opens into an expansive living space. Listed by Mark Chin, 646-998-7420, mchin@townrealestate.com.

How big is this apartment? It’s cavernous — so big that you can do just about anything your imagination will allow. Listed by Gilad Azaria, 212-891-7144, gazaria@elliman.com.

$6,950,000

907 Fifth Avenue #9B in Lenox Hill Co-op (3,300 sf): 6 rooms, 2 beds, 2.5 baths | Amenities: Fireplace, Gym, Doorman, Elevator | Maintenance: $5,455 | Listing ID: S594678

This painstakingly renovated prewar home is the ultimate choice for the most discriminating buyer. You absolutely must see its grand-scale layout and glorious room proportions. Listed by Tristan H. Harper, 212-350-2261, tharper@elliman.com.

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73

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$7,000,000

40 Mercer Street #11 in Soho

Condo (2,370 sf): 6 rooms, 3 beds, 3.5 baths | Amenities: Swimming Pool, Pets Allowed, Terrace | Common Charges: $4,138 | Monthly Taxes: $1,485 | Listing ID: S893824 “Every Jean Nouvel building tells a story,” says the New York Times of 40 Mercer’s acclaimed architect. Within, #11 is a corner apartment that offers south and east exposures that overlook edgy Soho. The floor-to-ceiling windows are electronically retractable — maybe the only ones in New York! — and are complemented by electronic shades. Listed by Tatiana Frank, 305-733-4694, tatianaf@nestseekers.com.

$7,250,000

26 East 63rd Street #10AB on Upper East Side Condo: 7 rooms, 4 beds, 2 baths | Amenities: Doorman, Elevator, Pets Allowed | Common Charges: $2,797 | Monthly Taxes: $2,499 | Listing ID: S874109

This triple-mint loft has 100 feet on Madison Avenue and is only a block from Central Park. Yes, you’ll live in a 1901 Beaux Arts building that’s in the heart of the city’s most exclusive shopping and dining district. Listed by Reba Miller, 212-726-0913, rpmiller@corenyc.com.

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SEPTEMBER/OCTOBER 2013

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$7,495,000

88 Franklin Street #4 in Tribeca

Condo (4,000 sf): 5 beds, 3.5 baths | Amenities: Central Air Conditioning, Hot Tub, Elevator | Common Charges: $1,800 | Monthly Taxes: $1,313 | Listing ID: S771104 Few things in New York are as special as open space, making this apartment a rare and beautiful find. With high ceilings and light wooden floors, this home echoes elegance. It has a private elevator entrance, which opens to a foyer. The living room, outfitted with a library, still has room for a large dining room table.

Listed by Cyrus Eyn, 212-825-0050, ceyn@pp-nyc.com.

36 Bleecker Street #4A in Noho

$7,550,000

Condo (2,991 sf): 10 rooms, 3 beds, 3.5 baths | Amenities: Doorman, Roof Deck Common Charges: $3,729 | Monthly Taxes: $2,186 | Listing ID: S971290 This magnificent home is an art collector’s dream. It has endless walls to show off paintings. Soaring 11-foot, barrel-vault brick ceilings add to that gallery feel. Listed by John Gomes, 212-891-7676, jgomes@elliman.com.

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113 Bedford Street in West Village

$7,500,000

Townhouse | Listing ID: S830864 This historic Greek Revival single-family home has four floors and a finished basement. Wait, there’s more! It’s on one of the most beautiful tree-lined streets in the trendy West Village. Listed by Rosa Murphy, 212-381-4251, rmurphy@halstead.com.

Luxury Listings NYC

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LISTINGS

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Properties

$7,650,000

684 Broadway #PH12E in Noho Co-op: 7 rooms, 3 beds, 2.5 baths | Amenities: Fireplace, Pets Allowed, Loft | Maintenance: $5,280 | Listing ID: S695147

This apartment is your urban oasis, a place for both tranquility and playfulness. A team of architects and landscape designers succeeded in blending the beautiful energy of the city with the serenity of nature. Their masterfulness of blurring indoors and outdoors has earned them plenty of design awards! Listed

by Bernice Leventhal, 212-937-1699, bernice.leventhal@corcoran.com.

$7,795,000

279 Central Park West #34B on Upper West Side Condo (2,855 sf): 7 rooms, 3 beds, 3.5 baths | Amenities: Doorman, Elevator, Gym | Common Charges: $4,151 | Monthly Taxes: $2,611 | Listing ID: S880425

This sprawling apartment has a view of Central Park from every window! It offers an intelligent design, with entertaining areas on the lower level and bedrooms on the upper level. Oversize bay windows in the living/dining room offer a view of the park that will simply take your breath away. Listed by Noble Black, Esq., 212-444-7926, noble.black@corcoran.com.

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126 West 87th Street on Upper West Side

$7,900,000

627 West End Avenue on Upper West Side

$7,895,000

Townhouse (5,526 sf): 6 beds, 4.5 baths | Amenities: Garden, Fireplace, Terrace Monthly Taxes: $1,408 | Listing ID: S802182

Townhouse (6,280 sf): 15 rooms, 6 beds, 4 baths | Amenities: Fireplace, Pets Allowed | Monthly Taxes: $1,663 | Listing ID: S831165

This brick-and-brownstone stunner has been loved and cared for by just two owners since it was built in 1888. Listed by Deborah Sabec, 646-532-4906, dsabec@townrealestate.com.

This magnificent Clarence True mini-mansion offers the ultimate in old-world grandeur. Listed by Karen Kelley, 212-875-2879, kkelley@corcoran.com.

99 Warren Street #TH5B in Tribeca

$7,995,000

$7,995,000

66 Charles Street in West Village

Condo (2,963 sf): 7 rooms, 4 beds, 4 baths | Amenities: Doorman, Elevator, Terrace Common Charges: $3,099 | Monthly Taxes: $1,489 | Listing ID: S913514

Townhouse: 3 beds, 2.5 baths | Amenities: Fireplace, Garden Listing ID: S846559

This home boasts floor-to-ceiling windows and an immense wrap terrace.

The effect is mesmerizing: a sense of unparalleled openness and intense privacy — at the same time. Listed by Jeremy V Stein, 212-431-2427, jeremy.stein@sothebyshomes.com.

Behind this beautifully restored landmarked façade awaits an extraordinary light-filled residence that represents the best of Downtown living. Listed by Leslie Mason, 212-206-2810, lmason@elliman.com.

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$8,200,000

1200 Fifth Avenue #6S/7C in Upper Carnegie Hill Condo (5,118 sf): 12 rooms, 7 beds, 6 baths | Amenities: Elevator, Doorman, Gym | Common Charges: $4,639 | Monthly Taxes: $1,905 | Listing ID: S753561

Two spaces have been masterfully combined to create a magnificent full-floor duplex. The elevator opens directly into the foyer, which leads to a living/dining room that has six windows with breathtaking views of Central Park. Listed by Charlie Attias, 212-605-9381, charlie.attias@corcoran.com.

129-131 Greene Street #2FL in Soho

$9,400,000

Condo (3,517 sf): 7 rooms, 2 beds, 2 baths | Amenities: Loft, Pets Allowed, Washer/Dryer | Common Charges: $940 | Monthly Taxes: $1,393 | Listing ID: S900006 This full-floor loft has been designed with incredible style. The nearly 13-foot ceilings and huge windows create the most amazing drama. The grand entertaining space could be the setting for a fabulous party or an intimate dinner. The chef’s kitchen has stainless-steel appliances, custom cabinetry and stunning finishes. Listed by Deborah Grubman, 212-836-1055, dg@corcoran.com.

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23 Downing Street in West Village

$9,500,000

417 Park Avenue #11W in Midtown

$9,500,000

Townhouse (3,700 sf): 9 rooms, 4 beds, 5 baths | Amenities: Garden, Roof Deck Listing ID: S927285

Co-op (3,110 sf): 7 rooms, 3 beds, 4.5 baths | Amenities: Doorman, Elevator, Fireplace Maintenance: $6,378 | Listing ID: S893168

This single-family residence is unique, unique, unique. Plus, it’s located in prestigious Greenwich Village. Listed by Emily Beare, 212-726-0786, ebeare@corenyc.com.

This home has Park Avenue frontage, exquisitely proportioned rooms with 10-foot ceilings, and a private elevator entrance. Listed by Carrie Chiang, 212-836-1088, ccc@corcoran.com.

$9,950,000

400 East 51st Street #PH30 in Midtown

Condo (3,688 sf): 7 rooms, 5 beds, 4.5 baths | Amenities: Patio, Terrace, Doorman, Elevator | Common Charges: $4,862 | Monthly Taxes: $5,079 | Listing ID: S903629 The best of the best! This full-floor home offers some of the most stunning views of Manhattan and the East River from its 1,000 square feet of private terrace.

If that’s not enough, it has sun-splashed rooms, soaring ceilings, endless windows, a wood-burning fireplace and a private landing. Listed by Gilda Shani, 212-979-7844, gshani@corcoran.com.

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$9,995,000

390 West End Avenue #2F on Upper West Side Condo (4,200 sf): 7 rooms, 4 beds, 3.5 baths | Amenities: Doorman, Elevator, Gym | Common Charges: $3,538 | Monthly Taxes: $3,606 | Listing ID: S968129

Incredibly bright condo duplex with a townhouse feel and soaring ceilings. Three exposures. This residence has undergone a complete renovation, in which the home’s numerous original details — including terrazzo floors, lighting fixtures, fireplaces, wood flooring, molding, paneling and detailing — have all been restored. Listed by Fredrik Eklund, 212-891-7676, feklund@elliman.com.

154 East 62nd Street on Upper East Side

$10,000,000

Townhouse (4,600 sf): 10 rooms, 6 beds, 4 baths | Amenities: Fireplace, Terrace Monthly Taxes: $3,291 | Listing ID: S958687 On a picturesque block, this four-story residence with elevator is located in a highly desirable area of the Upper East Side. Listed by Michael Pellegrino, 212-400-8731, michael.pellegrino@sothebyshomes.com.

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131 West 71st Street on Upper West Side

$10,250,000

Townhouse (5,709 sf): 7 beds | Amenities: Garden, Deck, Terrace | Listing ID: S993478 This meticulously restored and maintained brownstone was designed by Thom & Wilson for the developers John T. and James A. Farley in 1890.

Built in a suave and reserved Renaissance style, it has truly unique and elegant details, all of which have been perfectly restored to their original beauty. Listed by Lisa Lippman, 212-588-5606, llippman@bhsusa.com.

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$10,500,000

362 West Broadway #PH in Soho Co-op (3,500 sf): 8 rooms, 4 beds, 3.5 baths | Amenities: Elevator, Fireplace, Loft, Terrace | Maintenance: $3,500 | Listing ID: S669329

Brilliant light and sleek contemporary finishes mingle to stunning effect in this exquisite, architect-designed triplex penthouse loft located atop a converted 19th-century warehouse in historic Soho! A keyed elevator opens to a sun-drenched corner living/dining room framed by original timber columns and beams, featuring high ceilings, wide plank flooring, a wood-burning fireplace, and breathtaking views of the surrounding landmark district from a wall of tilt-and-turn picture windows. Listed by Richard Orenstein, 212-381-4248, rorenstein@halstead.com.

$10,950,000

565 Broadway #2 in Soho Co-op (6,500 sf): 7 rooms, 5 beds, 5 baths | Amenities: Elevator, Pets Allowed, Loft | Maintenance: $6,328 | Listing ID: S991196

Welcome to the historic grandeur of classic Soho. This exceptionally gracious, sprawling, key-locked full-floor loft offers a flexible plan and dramatic design, including a 1,500-square-foot mezzanine that can be cleverly accessed by way of two staircases. Listed by Gabrielle Frank, 917-804-8879, gabrielle.frank@elliman.com.

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62 West 12th Street in Greenwich Village

484 Greenwich Street in Soho

$11,500,000

Townhouse (3,745 sf): 4 beds, 3.5 baths | Amenities: Garden, Elevator, Terrace Listing ID: S915891

Townhouse: 3 beds, 3.5 baths | Amenities: Fireplace, Pets Allowed, Roof Deck Monthly Taxes: $4,022 | Listing ID: S980643

A Gold Coast treasure. This is a rare opportunity to own a beautifully renovated 1839 federal townhouse on one of New York’s most coveted blocks.

Listed by Amanda Brainerd, 212-439-4547, abrainerd@warburgrealty.com.

Architecturally designed six-story elevator building offering two terraces, a landscaped roof deck and a wood-burning fireplace. Listed by Steven Gold, sgold@townrealestate.com.

145 Hudson Street #11B in Tribeca

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$11,250,000

$11,500,000

950 Park Avenue #6B on Upper East Side

$11,500,000

Condo (4,120 sf): 8 rooms, 4 beds, 3 baths | Amenities: Doorman, Elevator, Terrace Common Charges: $3,150 | Monthly Taxes: $1,408 | Listing ID: S874312

Co-op: 12 rooms, 4 beds, 5.5 baths | Amenities: Doorman, Fireplace, Elevator Maintenance: $7,076 | Listing ID: S763440

Enjoy brilliant light and breathtaking panoramas from every room in this grand-scaled, high-floor, double-corner loft located in the iconic Skylofts Building — Tribeca’s most authentic and respected loft conversion! Listed by Richard Orenstein, 212-381-4248, rorenstein@halstead.com.

Enter into this mint-condition, 12- into 10-room prewar apartment from your own private elevator landing. Listed by Nancy Lane, 212-327-2409, nlane@sloanesquarenyc.com.

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SEPTEMBER/OCTOBER 2013

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$12,500,000

1175 Park Avenue #PHA on Upper East Side Co-op: 10 rooms, 4 beds, 4 baths | Amenities: Doorman, Fireplace, Terrace | Maintenance: $8,272 | Listing ID: S864237

Magnificent prewar, white-glove penthouse with enormous wrap terrace that faces three directions. This apartment has grand entertaining space with terraces that flow off of the dining room, library, master suite and eat-in kitchen. There are three wood-burning fireplaces. The wide, entertaining terraces face west toward the park, south over Park Avenue, and north and east. Listed by Amy Tucker Meltzer, 212-327-3106, ameltzer@sloanesquarenyc.com.

135 West 69th Street on Upper West Side

$12,000,000

270 Broadway #PHB in Tribeca

$12,500,000

Townhouse: 13 rooms, 5 beds, 4 baths | Amenities: Garden, Terrace, Fireplace Listing ID: S919228

Condo (5,095 sf): 7 rooms, 5 beds, 5 baths and 5 half baths | Amenities: Doorman, Terrace | Common Charges: $7,690 | Monthly Taxes: $6,113 | Listing ID: S689351

This magnificent 19-foot wide, single-family townhouse is located on one of the Upper West Side’s handsomest rows of brownstones. Built at the turn of the last century, this manse has been lovingly restored. Listed by Tom Postilio, 212-726-0783, tom@corenyc.com.

Perched atop an Art Deco full-service condominium building, this remarkable penthouse has been meticulously gut-renovated to the most exacting standards by leading architect Steven Harris. Listed by John Gomes, 212-891-7676, jgomes@elliman.com.

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$12,500,000

70 Greene Street #PH in Soho

Condo (3,919 sf): 9 rooms, 5 beds, 5.5 baths | Amenities: Elevator, Roof Deck, Terrace, Gym | Common Charges: $3,768 | Monthly Taxes: $5,753 | Listing ID: S913917 The charm and allure of Downtown living is exquisitely embodied in this intimate, impeccably restored new loft condominium in the Soho-Cast Iron Historic District. Idyllically situated between Spring and Broome streets amid chic restaurants, boutiques and galleries is one of the area’s few townhouses, originally built in 1860 as a combined residence and storefront for a silk merchant. Listed by Jason Karadus, 917-685-8575, jkaradus@townrealestate.com.

50 East 89th Street #PHC on Upper East Side

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$12,890,000

61 Fifth Avenue DUPLEX1 in Greenwich Village

$12,975,000

Co-op: 7.5 rooms, 3 beds, 3.5 baths | Amenities: Balcony, Terrace, Doorman Maintenance: $7,779 | Listing ID: S868584

Condo (4,326 sf): 9 rooms, 3 beds, 3.5 baths | Amenities: Doorman, Elevator, Fireplace Common Charges: $6,273 | Monthly Taxes: $4,884 | Listing ID: S958691

Unobstructed views of Central Park, the skyline to the south, and peeks of the East River will take your breath away. Listed by Kianna Choi, 917-7979209, kianna@bondnewyork.com.

Located in the heart of the Village, 61 Fifth Avenue is a new LEED-certified luxury boutique condominium that seamlessly incorporates state-of-the-art living within a traditional architectural vernacular. Listed by Serena Boardman, 212-606-7611, serena.boardman@sothebyshomes.com.

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SEPTEMBER/OCTOBER 2013

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$16,000,000

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

This exceptionally magnificent apartment with sweeping garden and East River views is located in one of Rosario Candela’s most prestigious masterpieces.

One Sutton Place South, built in 1925, is a storied white-glove cooperative with an elegant, triple-arched porte cochere entrance, which leads to a baronial lobby that in turn opens to a private garden leading to the East River. Listed by Diane Johnson, 212-418-2075, djohnson@elliman.com.

$16,900,000

176 East 64th Street on Upper East Side Townhouse (6,600 sf): 14 rooms, 5 beds, 5.5 baths | Amenities: Elevator, Balcony, Garden | Listing ID: S672068

A rare, impeccably designed and recently renovated neoclassical, five-story elevator townhouse perfectly situated on one of the most desirable and beautiful townhouse blocks. Transformed in 1910 by the Tiffany & Company architect John W. Cross, this single-family residence is a unique synthesis of formal and informal interiors, multiple terraces, and an enchanting south-facing garden. Listed by Dennis Di Lorenzo, 646-613-2742, ddilorenzo@stribling.com.

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120 East 87th Street RPH-1ABC in Carnegie Hill

$16,950,000

1158 Fifth Avenue PH16/17B in Carnegie Hill

$17,000,000

Condo (6,265 sf): 15 rooms, 4 beds, 5.5 baths | Amenities: Doorman, Elevator, Terrace Listing ID: S972967

Co-op: 11 rooms, 3 beds, 3 baths | Amenities: Garden, Terrace | Maintenance: $7,844 Listing ID: S893340

Here is a rare opportunity to own the penthouse atop the Park Avenue Court, one of the most elite white-glove residences on the Upper East Side. Listed

by The Kim Team, kimteam@brgnyc.com.

Designed by C. Howard Crane and Kenneth Franzheim, the building was one of the first prestigious Fifth Avenue addresses to be built in the mid-1920s. Listed

by Linda F. Stillwell, 212-452-6233, lstillwell@bhsusa.com.

$17,750,000

18 Gramercy Park #10 in Gramercy Park Condo (4,207 sf): 7 rooms, 4 beds, 5.5 baths | Amenities: Terrace, Doorman, Elevator | Common Charges: $6,220 | Monthly Taxes: $5,004 | Listing ID: S920545

The apartment is offered among a discreet collection of only 14 full-floor homes in the building. It boasts 40 feet of frontage on Gramercy Park, 130 feet on Irving Place, and windowed corners in nearly every room. Listed by Jill Mangone, 212-490-1818, info@18gramercypark.com.

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85 Charles Street in West Village

$18,500,000

21 East 94th Street in Carnegie Hill

$18,500,000

Townhouse: 6 beds, 5 baths | Amenities: Garden, Roof Deck, Terrace Listing ID: S813161

Multi-family (8,761 sf): 14 rooms, 6 beds, 8 baths | Amenities: Garden, Terrace Monthly Taxes: $11,353 | Listing ID: S960591

Located on one of the most picturesque tree-lined streets in Greenwich Village, this five-story house has been beautifully and thoughtfully renovated.

Listed by Leslie Mason, 212-206-2810, lmason@elliman.com.

Available for the first time in over half a century, the property is situated on one of Manhattan’s most prestigious blocks, between Fifth and Madison avenues. Listed by Jim St Andre, 646-732-8162, jim@petermccuen.com.

$18,900,000

25 East 77th Street STE-1401 on Upper East Side Co-op (4,788 sf): 10 rooms, 5 beds, 5 baths | Amenities: Gym, Doorman, Room Service | Maintenance: $19,291 | Listing ID: S842563

The sun-flooded Tower Suite is perfectly situated high atop the Mark Hotel. This spectacular residence boasts views of Central Park and the city skyline from every room, and a beautiful 850-square-foot terrace. A gracious foyer opens to a large and glamorous corner living room, a formal dining room and a southfacing library. Listed by Serena Boardman, 212-606-7611, serena.boardman@sothebyshomes.com.

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$25,000,000

21 East 26th Street #PH in NoMad Condo (6,540 sf): 15.5 rooms, 4 beds | Amenities: Doorman, Elevator, Patio, Prewar | Common Charges: $7,860 | Monthly Taxes: $14,322 | Listing ID: S817038

The magnificent penthouse duplex at the Whitman is spread out over two full floors. This stunning residence enjoys four terraces totaling over 3,000 square feet, and ceiling heights up to 12’4”. Private storage is included. Residents enjoy top-of-the-line building amenities, including a full-time doorman, residents-only gym, key-locked elevator with private elevator landings, and a refrigerated package room. Listed by Melanie Lazenby, 212-727-6131, mlazenby@elliman.com.

$25,750,000

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

Stunning duplex with magnificent Central Park views. Truly a rare opportunity to own a triple-mint, turnkey home in a distinguished Fifth Avenue cooperative.

Situated on the southeast corner of 78th Street, this classic prewar 11- into 8-room home has been meticulously renovated, with no stone left unturned. With three exposures to the north, west and east, the apartment floods with natural sunlight and boasts unrivaled open skyline and Central Park views throughout.

Enter on the 11th floor onto your private landing, where an impressive circular vestibule adorned with beautiful stained-glass windows and imported Italian marble floors awaits. Listed by Raphael De Niro, 212-460-0655, deniroteam@elliman.com.

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Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

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

LISTINGS

NYC’s

Premier

Properties

$35,000,000

101 Warren Street #3420 in Tribeca

Condo (5,769 sf): 8 rooms, 4 beds, 4 baths and 5 half baths | Amenities: Doorman, Fireplace, Terrace | Common Charges: $6,345 | Monthly Taxes: $2,960 | Listing ID: S980487 This most elegant light-filled Tribeca duplex, designed by Benjamin Noriega-Ortiz, offers breathtaking western, northern and southern water and city views from the top two floors of 101 Warren Street. The lower level possesses an open, airy ambiance with 11-foot-plus ceilings, a 60-foot-wide living room with floor-to-ceiling glass, and unobstructed views of the Hudson River and beyond. Listed by David Chang, 914-420-1985, david.chang@corcoran.com

$42,000,000

158 Mercer Street #PH in Soho

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

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

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

89

GLITTERATI

Celeb Cribs

By Melanie Gray

SO YOU’RE A STAR GAZER, PULLING OUT YOUR copy of People on the subway and rushing home every night to catch “Access Hollywood”?

Well, then, this game is for you.

Test your showbiz know-how by matching the hot shots to their homes. (Psst. You’ll find clues in our neighborhood sections. Look for the star.)

On your mark: Get ready, set, go! And when you’re finished, turn the page upside down to check out how you did.

1.

This “Star Search” winner is in “A League of Her Own.” She claims her reputation as a big mouth and prima donna are undeserved, but she blew up at cohost Elisabeth Hasselbeck on “The View” and feuded publicly with trash talker Donald Trump. Right now, she has her condo in Midtown on the market.

3.

2.

This former child star hung out with “Mean Girls,” then morphed into a party animal.

Now, she is just another B-lister with time in rehab. Maybe she really was the perfect choice to play Liz Taylor, who went through detox, too. The question is: Will she find peace in a Village rental?

So long, Soho! The voice of Moe, Apu and the Comic Book Guy just unloaded his co-op in the neighborhood for $8 million. He spends most of his time on television, but he has played “Dodgeball” and spent a “Night at the Museum.”

5.

4.

Midtown is a long way from Yonkers, but it’s where this Westchester County girl has ended up. She’s paying $22K a month for a swanky duplex penthouse just a stroll from The Pond in Central Park. Money, though, is no object for this talent, who had her first club date when she was only 14 and now tops the pop charts. Give Stefani a round of “Applause.”

This Tony nominee danced his way into Carrie Bradshaw’s heart, but he might not be having “Sex in the City” now that he has unloaded his Upper West Side pied-à-terre co-op for $1.3 million. He has four kids, but he isn’t looking for a bigger place because they’re all grown — including his daughter with Jessica Lange.

A.

B.

Mikhail Baryshnikov

C.

Lady Gaga

D.

Rosie O’Donnell

E.

Frank Azaria

Lindsay Lohan Answers: 1,C 2,D 3,E 4,A and 5,B.

90

Luxury Listings NYC

SEPTEMBER/OCTOBER 2013

Presents

Meet the stars of “Million Dollar listing”

Luxury Listings NYC and Tui Lifestyle are throwing a party — bringing stars of the small screen to a designer Soho showroom.

Mingle with Ryan Serhant, Luis Ortiz and Fredrik Eklund, the bad-boy brokers on Bravo TV’s red-hot real estate reality show.

oct. 10, froM 6 to 8 p.M.

136 Greene Street, Tui Lifestyle’s Soho showroom Please RSVP at rsvp@llnyc.com Space is limited.

Now 80% Closed & In Contract 2 1 2 - 9 9 6 -1 2 8 0

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