Page 1

MAR/APR 2015 VOL. 03 NO. 02 LLNYC.COM

BROOKLYN BY-THE-SEA? The hip new North Fork

PARADISE FOUND A celebrated singer’s swinging Tribeca pad HOW TO COVER YOUR ASSETS Novel trends in wealth management WHAT’S COOKING Latest designs in luxe kitchens A TALE OF TWO UPPER EAST SIDES The posh denizens who won’t cross Lex

A matter of taste CELEBRITY CHEF GEOFFREY ZAKARIAN ON FOOD, FAME AND NYC LIVING

+ SUMMER

IS COMING HOT HAMPTONS HOMES

A PUBLICATION OF


WE ARE PLEDGED TO THE LETTER AND SPIRIT OF THE U.S. POLICY FOR ACHIEVEMENT OF EQUAL HOUSING OPPORTUNITY THROUGHOUT THE NATION. WE ENCOURAGE AND SUPPORT AN AFFIRMATIVE ADVERTISING AND MARKETING PROGRAM WHICH THERE ARE NO BARRIERS TO OBTAINING HOUSING BECAUSE OF RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILIAL STATUS OR NATIONAL ORIGIN. THE SKETCHES, RENDERINGS, PICTURES AND ILLUSTRATIONS ARE PROPOSED ONLY AND THE DEVELOPER RESERVES THE RIGHT TO MODIFY, REVISE OR WITHDRAW ANY OR ALL OF THE SAME AT ITS SOLE DISCRETION WITHOUT NOTICE. THE RENDERINGS ILLUSTRATE AND DEPICT A LIFESTYLE, HOWEVER, AMENTIES, FEATURES AND SPEFICIATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. ALL INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED. ALL REAL ESTATE ADVERTISED HEREIN IS SUBJECT TO THE US FEDERAL FAIR HOUSING ACT OF 1968 WHICH MAKES IT ILLEGAL TO MAKE OR PUBLISH ANY ADVERTISEMENT THAT INDICATES ANY PREFERENCE, LIMITATION, OR DISCRIMINATION BASED ON RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN. PLEASE CHECK WITH YOUR LOCAL GOVERNMENT AGENCY FOR MORE INFORMATION. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. THIS IS NOT AN OFFER FOR CONTRACT OR SALE IN THE STATES OF NY, NJ OR MASS. MARKETING & BRANDING BY TURNBERRY AND BRIDGER CONWAY


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© 2015. DOUGLAS ELLIMAN REAL ESTATE. EQUAL HOUSING OPPORTUNITY.

6 CONTINENTS. 52 COUNTRIES. 412 OFFICES. AND AN ENTIRE WORLD OF LUXURY REAL ESTATE.


Contents

VOLUME No. 03 ISSUE No. 02

cover photo: studio scrivo

NORTH & SOUTH P28

MARCH/ APRIL 2015 This 47-acre property at 6175 Oregon Road in Cutchogue asks $13.9 million.

Why Long Island’s North Fork is more happening than ever before. Plus: Summer-worthy spreads in the Hamptons and the North Fork.

NEWS CORNER

NYC’s

Premier

Properties LISTINGS P68–80

Exclusive homes in Manhattan and Long Island’s East End. UPPER EAST SIDE

P36

Lexington Avenue marks the border between two very different Upper East Sides

UPPER WEST SIDE

MANHATTAN MARKET ROUNDUP P34 Perception vs. reality: How mega million-dollar sales are altering impressions of NYC’s real estate market.

“IRON” MAN Celebrity chef and TV personality Geoffrey Zakarian dishes on everything from politics to NYC’s changing restaurant scene. P16

THE BACK PAGE SHALOM, HARLOW P81 LLNYC parties at hip eatery Harlow with recent cover star Kimberly Guilfoyle of Fox News. GREENWICH VILLAGE

SOHO

P38

A look at the New York Times’ report on foreign owners at the Time Warner Center

MIDTOWN

P50

Dominique Ansel’s new venture will have made-to-order desserts — and no Cronuts P54

The sands are shifting in Soho’s hotel scene, with new places to stay and play

TRIBECA

P40

P58

The swanky new Hunt & Fish Club is the latest spot for making deals — and matches

A new environmental center is planned for Tribeca’s Pier 26 in Hudson River Park

GRAMERCY

LES/EAST VILLAGE

P44

Nostalgics wanted: A typewriter repair shop preserves a bit of old New York

CHELSEA

P46

Celebrities are on the move, buying and selling homes in this über-chic nabe 6  Luxury Listings NYC  March/April 2015

P12 Luxe life From gilded phone cases to a getaway in Bermuda, where to go and what to buy now.

P20 Hey, good looking Hightech appliances, luxe finishes and the latest in kitchen designs.

P24 Rose gold Writer/ singer Isabel Rose (in Jes Wade) at home in Tribeca.

P22 To your wealth New trends in wealth management,

including personal security and ways to manage estate taxes.

P62

Notable architect Eran Chen gives a personal tour of a Lower East Side in transition

FIDI

P66

23 Wall Street is set to become an entertainment space, with “luxury bowling” and dining


EDITOR’S NOTE

PUBLISHER Amir Korangy EDITOR-IN-CHIEF Stuart W. Elliott MANAGING EDITOR Lisa Keys ART DIRECTOR Gregory Cullen PHOTOGRAPHY Studio Scrivo REPORTER Christopher Cameron CONTRIBUTING EDITOR Jennifer White Karp CONTRIBUTORS C.J. Hughes, Ann Imperatore, Claire Moses, Micki Siegel PRODUCTION COORDINATOR Victoria Tuturice EDITORIAL INTERN Lucia De Stefani DIRECTOR OF MARKETING OPERATIONS Yoav Barilan NATIONAL SALES DIRECTOR Ross Fox ADVERTISING SALES Eran Evron, Nick Mascaro, Robert Stearns, Nicki Chadi, Sigalit Levi, Marcus Guest, Chris Cuomo, Barry Holland, Frankie Grima, Justin O’Garrow DIRECTOR OF DIGITAL SALES Junaid Zahid

No matter what neighborhood you’re from, “New York City is punishingly expensive. You can’t make mistakes. If you make mistakes you’ll die.”

F

— Geoffrey Zakarian, celebrity chef

orget the Berlin Wall, the Mason-Dixon line

and pricier, with the city’s first home asking

and the demilitarized zone between North and

$150 million, a new record. Thankfully if you are a

South Korea.

buyer, not everything is asking the equivalent of the

Those boundaries are nothing compared to the

GDP of a small island nation. In fact, only 1 percent

barrier that separates the two halves of the Upper

of homes in Manhattan sold for more than $10

East Side, at least for some high-society types.

million in the last two years despite the ubiquity of

There’s the “über-ritzy side west of Lexington

insanely priced properties. See page 34.

Avenue (think live-in maids, private drivers and

This is cold comfort for all but the 1 percent, of

“Gossip Girl”) and the less-than-luxe side east of

course. It’s tough to make it work when it comes

Lex (the land of bodegas, never-ending Second

to real estate in the city, whether you are a single

Avenue Subway construction and empty store-

person looking for a studio or a family trying to

fronts on First Avenue),” and never the twain shall

secure enough space.

meet, including increasingly when it comes to real

The restaurant business too, is another part

estate prices, our reporter Ann Imperatore writes in

of city life that is bloodsport. We sit down with

a fun piece on page 36.

celebrity chef Geoffrey Zakarian in a story on page

As society columnist R. Couri Hay, who lives on the tonier side of the nabe tells Luxury Listings, “No

16 to talk about restaurants, TV stardom and life in the city.

self-respecting resident between Park and Fifth

Zakarian is known for his restaurants the

Avenue would go east of Lexington unless they’re

Lambs Club and the National in Midtown, as well as

going to the New York Hospital for Special Surgery

his no-BS persona on cable cooking shows such

for an emergency operation.”

as “Chopped,” “Top Chef” and “Hell’s Kitchen.”

FINANCE DIRECTOR Ken Cyrus

Neighborhood boundaries exist throughout

Like with navigating real estate, a bit of

the entire city, of course, and while divisions along

pugilism helps in the restaurant business, too.

OFFICE MANAGER Virginia Durso

racial or economic lines are serious matters,

“You can’t make mistakes. If you make mistakes

it’s also interesting to remember how much

you’ll die. New York City is punishingly expensive,”

we segregate ourselves based on lifestyle and

Zakarian says. Of course, you do what you have to do to pay

DISTRIBUTION Mitchell’sNY

ideology. That’s part of what separates a stereotypical

the bills, and the chef recounts how he’s had to eat

ATTORNEY Barry J. Friedberg Trachtenberg Rodes & Friedberg

Upper East Sider from someone who lives in

whale sperm, raw lambs’ testicles and bugs on

Soho from someone who lives in Williamsburg,

“Chopped.”

Luxury Listings NYC is a registered trademark of Luxury Listings NYC LLC. Copyright 2015. 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 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.

whether it comes to political views or say, artistic or aesthetic sensibilities.

Finally, we go inside the home of multi-talented artist Isabel Rose, whose 1960s-inspired album

This division is present on Long Island’s

“Trouble in Paradise” is out on Sony Records.

East End as well, with the laid-back North Fork

The actress/singer/writer also penned the

increasingly playing the role of Brooklyn in

book “The J.A.P. Chronicles,” is a member of

relation to the Hamptons’ upscale Manhattan.

the influential Rose real estate family and has

The evidence of this “Brooklynification” is the growth of farm-to-table restaurants, food trucks

a colorful and expansive Tribeca home that we explore on page 24.

offering “pseudo-blue collar lunches,” artisanal

There’s also a guide to the latest in kitchen

small businesses and “finance hipsters” who are

designs (page 20), and a look at the latest trends in

renting and buying homes on the North Fork — at

managing wealth (page 22) to help you figure out

prices less than half of those in the Hamptons.

how to spend your money, as well as make more.

Of course some locals say that it’s actually

Enjoy the issue.

Brooklyn that is really the new North Fork when it comes to all things farm-to-table. Check out the story by Christopher Cameron on page 28 and decide for yourself. Meanwhile, back in Manhattan, the top end of the luxury market just keeps getting pricier

STUART W. ELLIOTT, Editor-in-Chief

Luxury Listings NYC  March/April 2015  7


MANHATTAN

|

BROOKLYN

|

QUEENS

|

LONG ISLAND

|

THE HAMPTONS

|

THE NORTH FORK

EXPANSIVE 4 BEDROOM HOME 3 East 69th St | $5,850,000 | At approximately 3,900 sf this rambling duplex defines large living at its best. Located in a premier full-service pre-war cooperative near Central Park. Web# 1926263. Scott Allison C: 917.855.1099, Dennis St. Germain O: 212. 702.4028

THE CARRIAGE HOUSE 213 East 2nd St | $3,950,000 | Extraordinary sun-filled mint 3-bedroom, 3.5-bath triplex townhouse-like condo boasting 19 ft ceilings, 275 sf decked garden, 2 juliet balconies, storage and custom quality finishes. Web# 2031158. Rob Gross, C: 917.609.0264 Kym Spiegel, O: 212.650.4811

GRAND SCALE LIVING ON THE UWS 17 West 71st Street | $3,950,000 | Thoughtfully designed 4 (or 5) bedroom duplex with office, exercise area, laundry & ample storage. Prewar Coop, Full-time doorman, excellent location off Central Park West. Web #2025115. Clif Thorn, O: 212.769.6538 Jim Testa, O: 212.769.6561

PRIME PARK AVENUE LOCATION 470 Park Avenue | $3,950,000 | Elegant 2-bedroom, 2-bath corner apartment on highest floor of white glove prewar building. All rooms high ceilings, flooded with light, oversized windows. Triple mint renovation. Web# 1783020. Judith Auchincloss, O: 212.891.7201 C: 917.833.5302

PRIME CHELSEA 2 BEDROOM, 2 BATH 151 West 17th St | $3,450,000 | Spectacular renovated home in the heart of Chelsea with sprawling private patio, facing south, flooding the interior with natural sunlight. 1524 interior sf and 798 exterior sf. Web# 1965484. Shari Markoff O: 212.844.4254 C: 917.692.3040

CPW PREWAR CLASSIC SIX 65 Central Park West, 2C | $3,295,000 | This mint condition, prewar classic 6 is a rare find with direct Park views, beautiful proportions and a gracious flow for living and entertaining. Web# 1937882. Michael Kafka O: 212.769.6563.

TRIPLE MINT AT SUPERIOR INK 400 West 12th St, 6E | $3,150,000 | Hollywood glamour comes to Manhattan’s most desirable neighborhood. Beyond turn-key perfect, this gorgeous one bedroom suite is offered furnished down to the last detail. Web# 1947380. Brett Miles, O: 212.747.7915 C: 917.363.6756

THE PENTHOUSE COLLECTION 20 Pine Street, PH3201 | $2,495,000 | Sun-blasted triple-corner 1,600 sf 3-bedroom penthouse in one of the finest full-service buildings in Downtown. Web# 1796550. Brett Miles 917.363.6756

CHARMING GEM 1 East 66th St.|$1,635,000|Luxury building with exceptional services, including in-house dining. Spacious, sunny living room with wood burning fireplace, 2 bedrooms, 1 bath and Central Park at your door. Web# 1947877. Belinda Brackenridge O: 212.891.7062

FOR GUIDANCE AND INSIGHT ON ALL THINGS REAL ESTATE, PUT THE POWER OF ELLIMAN TO WORK FOR YOU. ASKELLIMAN.COM


RIVERDALE

|

WESTCHESTER/PUTNAM

|

ASPEN

|

LOS ANGELES

|

FLORIDA

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 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.

INCOMPARABLE PANORAMIC VIEWS 200 E. 69th St, PHC | $14,950,000 | Spectacular and awe-inspiring. Live in the heart of Manhattan on top of it all in this amazing full-floor penthouse at the premier Trump Palace Condominium. Web# 1987320. Brett Miles, O: 212.274.7915, C: 917.363.6756

FINEST HOUSE OFF CPW 38 W. 87th St | $18,000,000 | Historic and elegant 7-level single family house, 15 rooms, 6 bedrooms, 8 baths, 2 powder rooms, and 7-stop elevator. Approximately 8,000 sf of exterior. Web# 1556054. Ann Marie Folan, O: 212.891.7105 George Van Der Ploeg, O: 212.891.7621

UPPER EAST SIDE TOWNHOUSE SPLENDOR $25,000,000 | 163 East 64th St | Classic NeoGeorgian, 20 ft wide home has 15 rooms, 87 ft parlor floor for grand entertaining, awe-inspiring details, 5 bedrooms, 8 baths, 8 fireplaces and a magical roof-top terrace. Web# 1963264. Suzan Kremer O: 212.303.5262 | George W. van der Ploeg O: 212.891.7621

OLYMPIC TOWER GRAND HOME 641 Fifth Avenue, 39AB | $8,750,000 | High-floor fabulous Central Park and open city views surround corner home inviting you to create a magnificent 4-bedroom, 4.5-bath luxurious living space. Web# 1996285. Nancy Smith, O: 212.891.7787

MINT 5-BEDROOM PREWAR CONDO 235 West 71st St, 7th Floor | $10,900,000 | This mint condition 4,700+ sf prewar condo boasts 5 bedrooms and an enormous loft-like living space which opens to a capacious, custom eat-in-kitchen. Web# 1779474. Michael Kafka, O: 212.769.6563

SPRAWLING 12-ROOM APT 1 Sutton Place South | $12,500,000 | Rarely available C line apartment with stunning East River and Sutton Garden views. Vestibule opens to an enormous entry with magnificient entertaining rooms. High ceilings. Web# 1898734. Diane Johnson, O: 212.418.2075 Scott Boyd, O: 212.891.7121

ICONIC DAKOTA PENTHOUSE 1 West 72nd Street, PHC | $5,950,000 | A unique 2-bedroom, 2-bathroom duplex at the top of the iconic Dakota enjoys all the brightness and quietude that a penthouse home on Central Park West can offer. Web# 1857133. Katherine Gauthier, O: 212.769.9832

CONTEMPORARY AND LUXURIOUS 40 Mercer St | $7,650,000 | Slick, sunny, gracious, this corner loft-like 3-bedrooms 3.5-bathroom home in Jean Nouvel’s full-service building boasts grand scale living room, chef’s kitchen, indulgent bath. Web# 2034010. Abigail Agranat, O: 212.206.2802 C: 917.304.5076

EAST VILLAGE TOWNHOUSE 4 East 2nd St | $8,300,000 | Located right off Bowery, this 20 ft wide mixed use townhouse is unlike any other. Exposed beams, wide plank floors, excellent condition throughout. Delivered vacant. Web# 2018205. Steve Halprin, O: 212.206.2803 Jan Hashey, O: 212.206.2804


New York City

Hamptons

Connecticut

New Jersey

Hudson Valley

SOHO, NEW YORK CITY PERFECTION AT THE POLICE BUILDING 2 BR, 2.5 BATH | $3,000,000 | Web#11949736 Barbara Godson 212.381.4238

CHELSEA, NEW YORK CITY

MURRAY HILL, NEW YORK CITY

RARE 25 FOOT TOWNHOUSE WITH GARAGE

DOUBLE CORNER HOME

6 BR, 4 BATH | $9,995,000 | Web#12006640

3 BR, 2.5 BATH | $2,100,000 | Web#11986042

Richard Orenstein 212.381.4248

Rory Clark 212.381.4225

VIRTUALLY STAGED

UPPER WEST SIDE, NEW YORK CITY CORNER HOME PARK BELVEDERE 2 BR, 2 BATH | $2,649,000 | Web#11986681 Joe Truglio 212.381.2225

UPPER EAST SIDE, NEW YORK CITY

UPPER EAST SIDE, NEW YORK CITY

SPECTACULAR 7

MAGNIFICENT PARK AVE DUPLEX

3 BR+OFC, 3 BATH | $3,450,000 | Web#11420506

4 BR, 5 BATH | $12,500,000 | Web#9360543

Dorothy Somekh 212.381.2265

Rosemarie Deane 212.381.3245

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


New York City

Hamptons

Connecticut

New Jersey

Hudson Valley

HOBOKEN, NEW JERSEY IT’S ALL ABOUT THE VIEWS 3 BR, 2.5 BATH | $2,350,000 | Web#11913986 Peter Cossio 201.478.6710 | Matt Brown 201.478.6709

VIRTUALLY STAGED

UPPER EAST SIDE, NEW YORK CITY

MIDTOWN EAST, NEW YORK CITY

WARHOL TOWNHOUSE

MAGNIFICENT HOME WITH TERRACE

4 BR, 4.5 BATH | $8,750,000 | Web#11815126

2 BR, 2.5 BATH | $1,445,000 | Web#11255137

Liz Yu Chiang 212.381.3278

Elayne Reimer 212.381.3372

UPPER WEST SIDE, NEW YORK CITY MUSEUM BLOCK 1 BR, 1 BATH | $799,000 | Web#11699427 A. Gewirtz 212.381.2219 | A. Phillips 212.381.2227

HOBOKEN, NEW JERSEY

MIDTOWN EAST, NEW YORK CITY

GUT RENOVATED BROWNSTONE

MAGNIFICENT SUNSETS

5 BR, 3 FULL, 2 HALF BATH | $1,995,000 | Web#12011014

3 BR, 4 BATH | $5,500,000 | Web#11375930

Peter Cossio 201.478.6710 | Matt Brown 201.478.6709

Janet Weiner 212.381.6558


Luxe Life

1

FISH TALES

Colombina Fish, a whimsical new cutlery set designed by Doriana and Massimiliano Fuksas for Alessi, was created for preparing, serving and enjoying seafood. The 11 pieces in the collection include a shellfish cracker and fork, a caviar spoon and fish fork, knife and spoon. Made of 18/10 mirror-polished stainless steel, all of the fun pieces have handles with decorative fish-scale patterns. From $10; www.alessi.com.

2

A FORCE TO RECKON WITH

Gravity is attractive, right? So, too, is the modern Masterpiece Gravity watch from luxury Swiss watchmaker Maurice Lacroix. Made of silicon — a “selflubricating, glass-like material [that] is three times lighter than steel” — this limited-edition timepiece is super-accurate and, with a minimal 188 parts, is sure to be reliable. Bonus: It also features a sapphire crystal and a crocodile-skin strap. Available at Kenjo at 40 West 57th Street. $13,900; www.mauricelacroix.com.

3

RIDE LIKE AN ARROW

Hop on board the single-speed bicycle revolution with the Detroit Arrow, a new hand-built bike from Shinola. (Single speeds are lighter and more enjoyable to ride, argue fans, since there are no gears to shift or extra machinery to weigh the bike down.) This stylin’ cycle features a leather saddle, cork grips, fenders and chain guard. Puncture-resistant tires with a reflective strip are designed to offer a smooth, pothole-absorbing ride. The Detroit Arrow is available in three men’s sizes, one women’s size and two color options. $1,000; www.shinola.com.

4

GOOD-LOOKING GLASS

A sweet little sprig of spring, these lovely glass sandwich picks, adorned with a lily on top, are ideal for sprucing up your sammy or adding some floral fun to your favorite cocktail. Made in Mexico, these four-and-a-half-inch sticks come in a set of four. $30; www.lizziefortunato.com.

5

CLASS ACT

“The S-class is the car you buy when you’ve made it big,” according to Car and Driver magazine, and the new Mercedes-Benz 2015 S-class coupe is no exception. Luxe details permeate the entire driving experience, from the 449-horsepower biturbo V-8 engine to the “panorama” roof to the air you and your passengers breathe, which can be double-filtered, ionized or infused with aromatherapy. Optional super-swank additions include Swarovski crystal headlamps and a “hot stone” massage in the front seats. From $119,900; www.mb-manhattan.com. CONTINUED ON PG 14

12  Luxury Listings NYC  March/April 2015


Luxe Life CONTINUED FROM PG 12

6

DIVA-WORTHY ON DEMAND

You’re a busy gal (or guy), but you still deserve to look beautiful when you step out on the town. Enter Bella, a service that brings top-notch stylists to your doorstep, exactly when you need them. Beauty services range from blowouts and manicures to “elite” looks like airbrushed makeup. Schedule an appointment via the app and your A-list look is just a few taps away. From $50; www.wearebella.com.

7

VIVA LA COMPAGNIE!

La Compagnie is a new airline that’s all business — business class, that is. The boutique airline, which launched last summer, offers round-trip businessclass-only flights between Newark and Paris on Boeing 757s equipped with 74 angled “lie-flat” seats. Top-notch amenities include cosmetic kits from Caudalie, “preloaded” Samsung Galaxy tablets and French beverages like PiperHeidsieck Cuvée Brut. If you’re more an ale type, know this: Similar service to London will launch later this month. Round-trip flights to Paris start at $1,856; www.lacompagnie.com.

8

THINK PINK

In two hour’s time, you could be in the Hamptons — or you could be soaking up the sun at Bermuda’s “Pink Palace.” Billed as Bermuda’s “only luxury urban resort,” the pink-hued Fairmont Hamilton Princess — which boasts a new marina and an open-air bar/restaurant as part of a $90 million renovation — is an ideal early-spring getaway, just a short walk to nightlife, shopping and dining. The second phase of the renovation, which will include a new restaurant from Marcus Samuelsson, should be completed in May. From $449 per night; www.fairmont.com.

10

BLING TONES

9

PAST PERFECT

Store your serveware in style or make a statement at your next party with this unique French sideboard from the 1940s. This eye-catching, vintage piece boasts a travertine top, rosewood accents, elegant inlay doors and brass pulls — and it’s just one of dozens of drool-worthy designer furnishings and objects available at Décor NYC, a 6,000-squarefoot upscale consignment shop at 159 West 25th Street. $6,595; www.decornyc.com.

14  Luxury Listings NYC  March/April 2015

Make your smartphone look even smarter with these sparkly cases from Dolce & Gabanna. Made exclusively for Luisa Via Roma — a Florence-based retailer of designer goods that often offers items the day after they hit the runway — these cute cases will make you the envy of all your friends. Trick out your iPhone 6 with the studded, laminated leather case ($245) or multitask with the studded, laminated leather phone clutch, perfectly sized for your phone and a few credit cards, plus a detachable chain shoulder strap for added wearability and portability. $1,445; www.luisaviaroma.com. 


For men who don’t need GPS to know where they stand.

It’s the rough edges that testify real character. The Saxon One lends this conviction a new form: elegant, dynamic, distinctive. And created with exactly that perfection which made the predicate “Made in Glashütte” world-famous. Obtain your free catalogue: info@tutimausa.com. Saxon One · sweep minute stop chronograph · 6420-04 · US $6,700

MADE FOR THOSE WHO DO.

Kenjo • 40 West 57th Street • New York, NY • (212) 333-7220 To obtain further information contact: Tutima USA, Inc. • 1-877-TUTIMA-1 • info@tutimausa.com • www.tutima.com


Attention to details, including uniforms, is crucial.

COVER STORY

Reality bites

Celebrity chef Geoffrey Zakarian on TV stardom, new restaurants and NYC’s changing dining scene BY CHRISTOPHER CAMERON | PHOTOGRAPHED BY STUDIO SCRIVO

I

t may be hard to remember, but there was a time not long ago when fine dining options in New York City weren’t unlimited. Back then, there were just a handful of noteworthy, foreign-born chefs, cooking in a few truly good restaurants. Diners may or may not have known the chef’s name. How quaint. Today, of course, the cult of celebrity has descended upon the chef and New York City’s restaurant dining scene has seen an explosion of both talent and choice. Consider the experience of chef, restaurateur and reality TV star Geoffrey Zakarian, one of the lions to emerge from the city’s restaurant boom. “When I came to New York 38 years ago, you could easily identify all the best restaurants in the city. There were five and they were all French,” said Zakarian. “Now there are 27,000 restaurants here, and so many of them are good. It’s incredible what’s happened here.” While that may be a dash of hyperbole, it is clear that after a succession of hit restaurants, a pinch of controversy and an ample dose of celebrity exposure, Zakarian has played an important role in that threedecades-in-the-making culinary upswing. These days, the sharply-dressed chef is known for his executive-friendly Midtown hotel-restaurants the Lamb’s Club and the National, as well as his no-BS persona on cable cooking shows such as “Chopped,” “The Next Iron Chef,” “Top Chef,” “Hell’s Kitchen” and “The Kitchen.” But when Zakarian began sharpening his knives in the late 1980s — long before the Food Network turned chefs into household names — he never expected to escape the obscurity of the kitchen, or leave the restaurant office for the spotlight. After all, with the exception of breakthrough public television cooks like Julia Child and Jacques Pépin, there was no mainstream platform for chefs in the media. Cable television would change that. “I never saw this coming,” he said, adding that his celebrity status has allowed him to build a minor empire. “Going from being the chef of one restaurant can’t compare to having an impact on multiple restaurants.” “It gave me a lot of opportunities to do stuff on TV that I didn’t have before,” he

16  Luxury Listings NYC  March/April 2015

The food studio has homey touches, like an informal bar and working fireplace.

said. “TV has been a blessing because it is great coverage for my restaurants.” And he isn’t nostalgic for those long, hectic days spent sweating over a stove. “Now the biggest waste of my time is to cook in my own restaurants,” he said with a smile. “The best use of my time is to teach my chefs and imbue into them what I know. I spend a lot of time just tasting things with my executive chefs. It’s all about teaching that memory of taste, the taste I want people to experience in my restaurants. I love to teach.” But even the teacher must be taught, and Zakarian’s education started early. As a child in Worcester, Mass., he was reared on his mother’s home-cooked Armenian meals like stuffed peppers, lamb, green bean stew, and barley and yogurt soup. As a lifelong libertarian, he initially planned to study economics. (To this day, Zakarian’s dream dinner guests are conservative economist Milton Friedman and Frank Sinatra. “Milton Friedman was a free soul libertarian, who believed in doing what you want, not harming others and letting markets work. Frank Sinatra lived that,” he said.) But on a trip to France at age 22 — where he dined at 18 of the 21 threestar restaurants in the country — Zakarian

The stairwell connects the office space with the food studio.


“Now the biggest waste of my time is to cook in my own restaurants.” —Chef Geoffrey Zakarian

Cookbooks are both decorative and functional. TOP LEFT: Zakarian at work in the food studio’s kitchen. BOTTOM LEFT: A place setting at the studio. ABOVE: The food studio, with options for private dining.

had an epiphany: He preferred basting and battering to bears and bulls. Zakarian enrolled in the Culinary Institute of America in Hyde Park, N.Y., and after graduation, zeroed in on a titan of Midtown’s upscale dining scene, Le Cirque — Sirio Maccioni’s famed French bistro. After optimistically submitting a job application to the restaurant, and being rejected, he proposed to work unpaid. With that magic offer, he was made an apprentice to Le Cirque’s master chef Alain Sailhac, next rising to pastry sous chef and eventually to chef de cuisine. His success at Le Cirque led to executive chef positions at other Midtown institutions, such as 44 in the Royalton Hotel, Patroon on East 46th Street and the iconic 21 Club. From his new perch overseeing Manhattan’s power-lunch crowd, he sought to remake the standard menu.

His deconstructed American food whet the appetites of experienced eaters and expense-account diners alike, just as socalled foodies were really going mainstream. In the late ’90s, the New York Times wrote that “Zakarian seems to have his finger on the pulse of Manhattan, and he has produced a remarkably smart menu [at Patroon]. It is American without being hokey, rich without being fussy.” Nearly two decades on, that balance is still at play in prototypical Zakarian dishes like Long Island duck breast with a leg confit crepe, served with a beet, fennel and black truffle sauce and Amish chicken with cipollini onion, salsify, braised celery, chestnut and green peppercorn. Over the past 20 years, he’s opened four restaurants in Manhattan and Tudor House at Miami’s Dream South Beach. In 2013 he was appointed the culinary director of the

Plaza hotel, where he oversaw the painstaking overhaul of the historic Palm Court. “It was excruciatingly difficult to restore. It was a landmark landmine,” Zakarian said of the intense oversight by city’s preservation commission. “When you have a landmark building, no one wants to touch it, but when you touch it you get known for it.” Now, under its elaborate, colored-glass ceiling, amongst its leafy palms, patrons can sip a $3,000 Sidecar cocktail made with 100-year-old cognac that manages to make the hotel tea room’s $75 Blood and Sand look like a bargain. But certainly his signature effort is the Lamb’s Club at the Chatwal Hotel in Times Square — an exacting renovation of a Stanford White-designed men’s club, which counted silver-screen stars such as Charlie CONTINUED ON PG 18

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COVER STORY CONTINUED FROM PG 17

Chaplin, John Wayne and Lionel Barrymore as members. The Lamb’s Club became a popular lunch spot for Times Square-based media industry big shots like Anna Wintour and Stefano Tonchi. Here, Art Deco design meets a clubby 1950s ambiance; serving as an alternative Condé Nast cafeteria, ideal for a laidback yet highbrow lunch for the likes of Tommy Hilfiger, Jason Wu or Michael Kors. But many, including the New York Times, have speculated that the Lamb’s Club has fallen on hard times since Condé Nast moved its offices downtown to One World Trade Center, something which Zakarian vehemently denies. “People just talk. It is completely untrue,” Zakarian said, adding that he has no intention of opening a restaurant near Condé Nast’s new offices. “We always say that you’re only as good as your last meal,” Zakarian’s wife and partner, Margaret Anne Williams, said. The couple married in 2005, after fittingly meeting in the chic downtown restaurant Indochine. Looking back, Zakarian’s Howard Roarkish-individualism and cocksure attitude seems almost too perfectly groomed for reality television — but it wasn’t a path he actively pursued. “The transition to TV was a fluke. It just happened,” Zakarian said. “My star was rising in the food world and ‘Chopped’ asked me to be in the pilot, and it worked out.” From “Chopped,” a reality cooking competition show, Zakarian embraced the medium, leaving the judges’ table to compete on “The Next Iron Chef” — which he won. Bolstered by his fame — he says that young fans regularly stop him in the street for a picture or an autograph — Zakarian opened a “food studio” in the 50s on Manhattan’s East Side last year. The twofloor, multi-use office, test kitchen and event space allows him to manage his 600plus employees, operate his restaurants, cook and appear in film shoots, all from one location. It’s also the headquarters for a new,

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Zakarian and his wife, Margaret Anne Williams, in their office.

yet-to-be-named American cafe in the works for Greenwich, Conn. Superfans and well-heeled members of the public can even rent out the space for cooking classes and dinner parties hosted by Zakarian himself — a testament to his growing stardom. He sees the evolution of the chef from glorified cook to celebrity as something of a promotional miracle for both chefs and the city, but one that comes with challenges and indignities. “On ‘Chopped’ I had to eat all kinds of shit,” Zakarian said. “I’ve had to eat whale sperm, raw lambs’ testicles and bugs. But it isn’t that the ingredients are so bad, it’s that these people don’t know how to cook. Some of these guys are fancy chefs at major restaurants in major cities, and they just suck.” Zakarian also fears that the city’s ballooning restaurant industry could deflate under the current administration. “Our mayor [Bill de Blasio] is anti-business and it will kill the city. He’s forcing through

wage provisions, healthcare and paid sick days. We just can’t afford it. Restaurants are going to go out of business and people will be out of work,” Zakarian said. Clearly, Zakarian revels in a brawl. To this interviewer, he read aloud some of his favorite Hollywood insults: Ava Gardner on Frank Sinatra’s marriage to Mia Farrow (“I always knew Frank would end up in bed with a boy.”) and Sir John Gielgud on Ingrid Bergman (who “speaks five languages and can’t act in any of them.”). “You know what Walter Matthau said about Barbra Streisand? ‘I have more talent in my smallest fart than you have in your entire body.’ There are a lot of people I feel like that about,” he said. But in the city’s cutthroat restaurant business, a bit of pugilism may simply help ensure survival. “You can’t make mistakes. If you make mistakes you’ll die. New York City is punishingly expensive and there are unlimited alternatives for diners,” he said. “I don’t eat humble pie.” 

Personal touches, like snapshots and Zakarian’s diploma, decorate the space.


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INTERIORS

Kitchen couture

Go seamless: Appliances and cabinets embrace technology and lose their handles BY LUCIA DE STEFANI AND JENNIFER WHITE KARP

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quiet evolution is rippling through kitchen design today, smoothing surfaces and hiding the business parts. Call it a kitchen makeunder — the opposite of a makeover. That’s because many kitchens today are being designed with cabinets and large appliances that lack handles and appear to blend into the room, offering a seamless effect. But the goal is not a sterile space: Opulent or natural materials like semiprecious stones or wood are also being used to add detail and texture. “People are seeking a combination of glam and streamlined,” said Marcia Butler, a Manhattan interior designer. “For example, a luxurious stone that shows every nook and cranny of Mother Earth, combined with cabinets where all you see are the doors.” But one drawback to not having handles and knobs: Fingerprints can end up everywhere. It’s not for everyone, she cautions, but it’s a great look for those who can clean frequently. Butler attributes a desire for clear surfaces as a “natural exposition of how we use our devices today.” In that sense, modern kitchens are like a smartphone or tablet, where apps stay hidden until needed. She recommends her clients stash their small appliances like coffee makers or grinders in deep drawers when not in use. Read on for a look at some of the hottest trends in the city’s most upscale kitchens.

LED lighting installed in Poggenpohl kitchen drawers automatically illuminates contents when drawers are opened.

Technology opens doors

A Interior designers say deep drawers like these from Poggenpohl offer valuable kitchen storage.

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gentle touch opens drawers designed by Poggenpohl, making the bulky handles unnecessary. “Just apply one pound of pressure and an electric back arm pushes the drawer forward,” said Roger Zierman, interior designer and showroom manager for Poggenpohl Park Avenue. And to shed light on what’s hidden away in drawers: Some kitchen designers are installing LED lighting that turns on automatically as

drawers slide open, illuminating storage. The trend isn’t limited to cabinetry. Poggenpohl also created a grip-free system for use with refrigerators: Slide a hand into a hidden vertical channel on the edge of the door to gently release it. Similarly, an oven from Gaggenau is handle-free. It features a touch display that, with a simple click of a button, automatically opens the door.


Just a touch

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onsumers’ expectations have changed in the past few years,” said Elliott Koehler, lead industrial designer for cooktops at GE Appliances. “They are used to touchscreens and smartphones, and want that kind of technology on other products they interact with.” New cooktops from GE feature all-new touch controls, including a timer that can be programmed for each burner separately. Simply glide a finger along a semi-circular dial-like feature or touch anywhere along the dial to control the heat. One of the latest Gaggenau’s refrigerator models features a mechanism that allows users to electronically adjust the height of the top shelf. “If you buy taller items at the grocery store, you don’t need to clear the shelf or wrestle to move it,” said Zierman. “Just hit a button and the shelf moves up or down.”

A slide of the finger dials up or down the heat on new cooktop panels from GE.

Fresh material

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he use of opulent and natural materials continues to add warmth to kitchen designs. “We are seeing an uptake in using more luxurious materials in the kitchen,” said Karen Williams, designer and principal at St. Charles of New York, a Manhattanbased design firm specializing in high-end kitchens. Williams incorporates metals, such as brass and nickel, as well as semi-precious gemstones (like agate quartz, white onyx and champagne quartzite) in her designs; she praises the dramatic element they add to countertops and kitchen surfaces. “This is what people are looking for: They want kitchens to be practical but also have to be beautiful,” Williams said. Natural elements soften the appearance of manmade materials prevalent in the kitchen. “Untreated, brushed woods in very light tones contrast with modern materials, such as metal, glass, Corian and bronze,” said Simone Biscottin, a designer for GD Cucine, a high-end

Italian kitchen design company with a flagship showroom in Chelsea. According to interior designers, some of the natural elements in demand today are Calacatta marble with thick brown and gold veins, lava stones, untreated dark walnut and oak with a strong grain pattern. Butler, the interior designer, is currently working on a kitchen on the Upper West Side. The centerpiece will be a Caesarstone counter in Wild Rice, which is a light brown shade mixed with taupe tones. “What’s interesting about this counter is that we are doubling the thickness,” she said. Typically Caesarstone countertops are 1.25 inches thick. “We’re doing 2.5 inches for a chunky look.” Other features in this new kitchen: A natural cork floor, white oak quarter-sawn cabinets with a lightbrown brushed glaze, a pendant school house light from O’Lampia Studio on the Bowery and a farmhouse sink. The overall look, Butler said, is “warm traditional.” 

Contrasting materials are the hallmark of this kitchen from GD Cucine.

“People are seeking a combination of glam and streamlined.” —Marcia Butler, interior designer

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MONEY

Facing problems of the one percent

Real estate taxes, investment strategies and why wealth management matters BY CHRISTOPHER CAMERON

I

t’s uncomfortable, but it pays to talk about money. Consider a potential scenario for a longtime New Yorker: You’ve just inherited your parents’ or grandparents’ Manhattan home — and that abode purchased several decades ago is anything but modest today. A $100,000 townhouse or co-op bought in “the bad old days” might easily be worth tens of millions in the current marketplace. A pretty sweet windfall, right? However, if your family never discussed how to best manage that asset, you could be saddled with a hefty inheritance tax. In 2013, Congress made permanent a 40 percent tax on estates worth more than $5 million — recently adjusted to $5.4 million for inflation. (Since that price today buys a nice two or three-bedroom condo, your family may not necessarily be thinking in terms of “estates.”) Likewise, if a relative leaves you the family business, a lack of planning could turn a blessing into a burden. As in the previous scenario, nearly half of the value of that business could be headed to the IRS. “Once you’ve paid an estate tax, lots of market gains get wiped out,” said Edward Renn, who focuses on a blend of income and estate tax planning as a partner at Withers Bergman LLP, an international law firm specializing in tax, trust and estate planning. “In the wrong 10-year period, you can probably find a scenario where death results in a loss in basis [value], instead of an increase.” Experts agree that the best way to avoid that is simply to communicate with your family, as well as with legal and tax experts. “Really there is no way to put the genie back in the bottle, meaning that if a person is given an significant asset outright, they’re not the ones who can then turn around and set up their own trust,” said Gerard Joyce, Jr. managing director and head of the U.S. Personal Trust group within HSBC’s U.S. Private Bank. “That had to be done by the ancestor.” Wealth management is “a little bit like planning a wedding,” said Hannah Shaw Grove, an expert with 25 years’ experience working in wealth management and a founder of Private Wealth magazine. “There are so many nuances to managing wealth that you can’t think of until you are in the middle of it.” With that in mind, Luxury Listings reached out to wealth management experts to help tackle rich-people problems and find billionaire solutions.

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Go it alone?

The first hurdle an individual of affluence encounters when deciding how best to manage his or her bundle is whether it is more advantageous to hire legal, tax and financial experts piecemeal, or whether it makes more sense to tap into the infrastructure of an existing institution. In most every circumstance, the answer is simply a matter of figuring out exactly how much money you’ve got stashed away, be it liquid or hard assets. According to Grove, it isn’t until an individual or family is worth roughly half a billion that it makes sense to hire private specialists. “Most families don’t want to manage their wealth themselves unless they’ve got several hundred million dollars — usually north of $600 million,” Shaw said. “Otherwise it makes much more sense to tap into an existing organization like Morgan Stanley or Northern Trust that has all of the infrastructure and protocols in place, and all of those experts in house. That is really what wealth management is.” And when it comes to institutions — hungry for ever-more-affluent clients — the number of services on offer is expanding. “Institutions are moving away from pure financial services and are incorporating things that are important to the wealth holder,” Grove said. For instance, many banks and wealth managers are adding more lifestyle services to their suite of offerings, such as concierge support for travel arrangements and luxury Inheriting a Manhattan townhouse can be a blessing — or a burden.

acquisitions. They are even helping people curate their collectibles. And while engaging specialists who work solely on your behalf is certainly a luxury, institutions are becoming more flexible, offering a highly personalized approach to wealth management. “There’s no check list. It’s like a doctor’s visit,” Joyce said of HSBC’s wealth-management services. “We tailor a plan to our clients and get very specific about what they would like to do with their wealth.”

Infinite shades of gray

A lot of people use wealth management as a euphemism for investment management, i.e., if you have money, shouldn’t it be invested to become more money? But answering that question requires that you have first established clear goals: Are you investing to supplement an income, or for long-term growth? Are you investing in public equities and debt instruments, or are you interested in being in private markets as well? The extremely affluent will even craft an investment strategy that matches up with their political and social ideology, according to Grove. “There are so many shades of gray in investments,” Grove said. “Some people invest because they have $1 million and want more. They want to invest to increase the overall principal — it’s about investment gains,” she explains. “Sometimes it’s about staying ahead of inflation. Sometimes it’s about leveraging the tax code.”


This home at 163 East 64th Street asks $25 million. Suzan Kremer, George van der Ploeg, Lauren Muss and Jared Seligman at Douglas Elliman have the listing.

“There are so many nuances to managing wealth that you can’t think of until you’re in the middle of it.” —Hannah Shaw Grove

Photo credit: Evan Joseph Images

“If you get all those things working together, you can save a lot of money in taxes, and have more principal to work with, which can have a compounding effect and increase your overall portfolio,” she said, adding that in recent years, there has been a trend toward increasing allocations to alternative investments, like hedge funds and private equity, on the high net worth end of the spectrum.

The tax man cometh

Experts are cagey about disclosing exactly how much they can save their clients through creative tax mitigation strategies. Plus, they add, every client comes with a special set of circumstances. But all agree that tax planning — specifically, planning to avoid them — is as important as savvy investing. “Mitigating taxes is a very serious activity for the ultra-high net worth,” Grove said. “A really good year on the stock market would be double digits, but taxes are significantly higher than that. So even if you have really good investment performance, you are continuing to see erosion from taxes.” A frequent tax-mitigating mistake made by the middle-class millionaire (meaning, someone with “only” about $10 million) is owning his or her own life insurance policy, according to Renn. Instead, Renn recommends tapping into an irrevocable life insurance trust. “If you put several million into an irrevocable life insurance trust, that coverage is not part of anybody’s estate, meaning that you don’t lose half of it to federal estate taxes,” he said.

But when it comes to moving serious money from one generation to the next, dodging that estate tax requires serious long-term planning. In fact, parents can save their children hefty sums by transferring all their valuable assets to irrevocable trusts and by utilizing their lifetime transfer tax exemptions, said Renn. “The properly drafted trust will also provide creditor protection,” he said. “If a child/beneficiary were sued for malpractice, a slip and fall, a breach of contract or by a soon-to- be-exspouse in a divorce, the assets in the trust would be protected.” Renn helped one successful entrepreneur move $90 million of a $150 million business to his children and grandchildren without paying any estate taxes through the use of trusts — a scenario he recalls in his 2008 book, “Protecting the Family Fortune.” With such amazing sums at stake, it’s best to think like a Boy Scout and be prepared. Or as Renn puts it: “A failure to plan is a default to higher taxes.”

Risky business

Whenever millions (or billions) of dollars are in play, the stakes can get high. That’s why it’s important to manage risk on the stock market, as well as insure hard assets and consider personal security. “We talk a lot about diversification within a client’s trust portfolio. Most clients aren’t well diversified in their business — it’s usually one business, geography or industry. So it can be comforting for them to know that their overall portfolio will counterbalance their own business activities,” Joyce Jr. said.

“That being said, there is no right or wrong answer. It is a personal decision that reflects an individual’s risk tolerance.” Joyce added that more and more people are asking for their portfolios to be diversified on an international basis to spread the risk on a global scale. “In general, we are aiming for long-term diversified portfolios, not trying to hit the hot market,” he said. But for the wealthy, there are risks beyond the stock market, and wealth management firms are addressing that by coordinating insurance into an individual’s overall strategy, according to Grove. “You want to make sure that in addition to just managing your liquid assets, you are also thinking about your hard assets and personal property,” she said. “Let’s say the family has a couple of high-value properties, collectables, jewelry and a significant wine collection. You need coordination between your wealth manager and all your insurance providers – life insurance, property insurance, auto insurance, health insurance, etc.” And as the spectrum of wealth management becomes increasingly broad, personal security is also on offer. “One of the things that is a real issue for the affluent is being targeted for theft, cyber crime and extortion,” Grove said. “We’ve seen a big increase in private security services being incorporated into wealth management offerings. It’s one of those things you don’t think about until suddenly it presents itself as an issue.”

Good deeds — and goals

While certain Ayn Randian billionaires may still think greed is good, for most people, philanthropy is an essential aspect of stewarding their wealth. And once again, the key to philanthropic success is communicating a clear vision. “If you just write a check to a charity, you might not be giving in the most tax efficient fashion,” Grove said. “If you use planned giving vehicles, it could ultimately be a much bigger gift overall.” And those vehicles are most often found within wealth management institutions, which have decades of experience giving away charitable dollars efficiently. “One of the first things you have to figure out is what are you interested in supporting and what impact you want to have,” Joyce Jr. said. “The current trend in philanthropy is impact investing. People want to make sure their money is making an impact, and they like things that are discreet and distinct.” He added that his younger clients are especially interested in philanthropy, but not necessarily in writing checks to, say, the Red Cross. Increasingly, young affluent individuals are telling charities that they want to fund something specific. “People want to know if, for instance, their gift is going to help cure a particular disease in a particular region,” Joyce Jr. said. 

Luxury Listings NYC  March/April 2015  23


A Buddha projects serenity in Rose’s home.

CELEB CRIBS

The view from ‘Paradise’

Actress/singer/writer Isabel Rose on her love of ’60s music and the pioneer life in Tribeca BY MICKI SIEGEL | PHOTOGRAPHED BY STUDIO SCRIVO

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ulti-faceted artist Isabel Rose has a thing for the past — the 1960s, in particular. The actress/ singer/writer has just put out her latest endeavor, a love letter of sorts to the decade. It’s an album featuring mostly classics — such as “Lots of Livin’ To Do” and “Love Will Keep Us Together” — called “Trouble in Paradise.” The album is “inspired by a time when America was aglow by Kennedy’s Camelot by day, and lit by the lights of Rat Pack Vegas by night.” “I’m really in love with music from the ’60s,” Rose said with a big grin, sitting on what she calls a “hot orange Womb chair” in her turquoise den; the blue/green walls (her two favorite colors) providing a perfect background for her red hair, light skin and blue eyes. “It was such a glamorous time and I’m very attracted to that.” This love is of the ’60s is reflected in Rose’s expansive Tribeca home. The centerpiece of the living room (and also part of the foyer) is a wall of album covers, displayed as art, by the likes of Frank Sinatra, Judy Garland and other iconic singers of the mid-20th century.

But when it came time for her to find that perfect home, Rose, 46, had her eyes fixed to the future. Rose, her then-husband Jonathan Ezrow (they’ve since split up; she’s now happily married to Jeffrey Fagen, who runs Panda Diplomacy, a “surf-inspired action sports lifestyle company”) and their newborn daughter, Lily, moved to a condo in Tribeca 14 years ago. She remembers travelling to the Upper East Side to attend a baby play group. “In 2000, nobody was down here,” she said. “No young families.” At the time, Tribeca was filled with factories and a few brave artists. And yet, she decided to buy a loft there. “I could see the future,” she said. “I understood that it was going to become a hotspot very quickly. So it seemed like a smart business decision.” Clearly, Rose’s real estate instincts were guiding her, as Tribeca has since evolved into one of the most desirable neighborhoods in the city. She’s a third-generation member of the Rose real estate family — whose company, Rose Associates, is one of the most successful real estate firms in New York. Started in the 1920s by brothers Samuel and David Rose, today the family manages over 31,000 units in Manhattan. The family is also

known for their high-profile philanthropic work, endowing buildings like the famed Rose Center for Earth and Space at the Museum of Natural History, the museum at Carnegie Hall and the BAM Rose Cinemas, among many others. Her father, Elihu Rose, is a founding member and cochairman of the Park Avenue Armory; her mother, Susan, is on the boards of Juilliard, the New York Philharmonic and Carnegie Hall. Isabel herself is on the boards of the Lincoln Center Theater and the New Victory Theater. Even with all that in her background, Rose was undaunted when she moved to the edge of Manhattan, into a 1915 building. “It has an elegance, a history, that I find thrilling,” Rose said. The home has 5,027 square feet of space — the living room/ dining area alone is about 1,000 square feet — with eight rooms, five bedrooms, five baths and breathtaking citywide views. The loft seemed — and seems still — perfect for her family. “Considering what I paid — I’m pretty sure it was $2 million — and the apartment above me sold for $13.5 last year, I think it was a wise move,” she said.

A photograph of a woman’s high-heeled, bejeweled shoe by Marilyn Minter is one of Rose’s favorites.

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Styling Lisa von Weise Shaw Hair and Makeup Ellen Guhin

“I’ve always been very musical and extremely theatrical. I never saw myself going into the family business.” —Isabel Rose

Though her family’s success lies in the realms of real estate, Rose has forged a different path. She’s made a name for herself as a multi-talented writer and entertainer. In addition to penning the successful Doubleday novel “The J.A.P. Chronicles,” co-writing and starring in Samuel Goldwyn’s film “Anything But Love” and performing in nightclubs like The Blue Note and Joe’s Pub, Rose has released two studio albums, the most recent of which is currently being distributed by Sony Records. “I’ve always been very musical and extremely theatrical,” she said. “I never saw myself going into the family business, only entertaining at their annual holiday party.” Rose’s home reflects her passions. “Everything in here is really personal,” she said. “When I first thought about decorating the apartment, I thought I’d get an advisor and fly down to Art Basel and get important art pieces. But then I thought, ‘That’s going to reflect the taste of someone else — not me.’ It’s very important to me to live in an environment that’s a true reflection of who I am and who my husband is.”

LEFT: Isabel Rose, wearing a Pucci dress and vintage bakelite bracelets. TOP: A tool of the trade. ABOVE: Rose’s “Trouble in Paradise” album cover. BOTTOM LEFT: An old-fashioned-style phone in a delicate shade of pistachio.

Plus, livability is key. “Once I had children [Lily, now 13, and Sam, 5], I realized that I don’t want to have one of those apartments where, if someone spills something, I’d have a nervous breakdown,” she said. There’s modern art throughout the apartment; works by Sophie Calle, Jackson Pollock, Robert Rauschenberg and more. A favorite piece is a photograph of a woman’s high-heeled, bejeweled shoe by Marilyn Minter. “I feel that the shoe represents everything I know and understand about femininity,” Rose said. “It’s that juxtaposition of glamour and dirt that women live in all the time. Trying to be beautiful and glamorous while making sure breakfast arrives on the table, making sure the laundry is done, making sure things are running. We’re the worker bees in every household.” The huge sofa in the living room also has special significance. “It’s almost like a bed my whole family can cuddle on,” she said. “My kids take a flying leap onto this couch. This is a house that’s alive.” CONTINUED ON PG 26

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CELEB CRIBS CONTINUED FROM PG 25

As for the apartment’s overall design — which she says is contemporary and comfortable — Rose thinks it benefitted from several corrections she made. “I have a small storage closet filled with literally dozens of sample pints of paint,” she said. “Painting anything in your home requires a big leap of faith. Color changes the way you feel, and the more subtle differentiation in shade can have deep ramifications to your comfort level (or lack thereof). I have literally repainted entire rooms three times (to my husband’s complete horror) in order to get a shade that works.” “The only way to discover your sense of style is to make big, bold decisions and lots of mistakes,” she adds. “It’s really a metaphor for life. Before you really know what your heart is made of, you have to break up with someone. I had to be brave enough to make big design mistakes. I don’t take what it means to create a home lightly.” Rose has fond memories of a childhood filled with art and music. The family’s apartment was across the street from the Guggenheim Museum and a few blocks from the Metropolitan Museum of Art. “We went to the ballet, we went to the Philharmonic, we went to Broadway shows,” she said. “But I didn’t learn to throw a football until I was 19.” Still, she said, all that cultural background was very fortunate training for the life she wanted to lead. Though she majored in American Studies at Yale, she was always focused on becoming an artist. “I was the kid who had the lead in musicals at summer camp and college,” she said. “I had the bedroom with walls covered with

The large living room sofa serves as a giant crash pad for the family.

amazing collages and costumes that I made from scratch.” She went directly from Yale to the Williamstown Theatre Festival to the first national tour of “Six Degrees of Separation.” While on tour, she began to write — eventually obtaining an MFA in fiction from Bennington and a book deal for “The J.A.P. Chronicles” (which she later turned into a musical). “I’ve been very fortunate at finding success doing the things I love,” she said. One of those loves is classic pop music, something that was inspired by her father. “He had gone on a European tour when he was a teenager and came back with an armful of Edith Piaf and Greta Keller records,” Rose said. “So my father was the one who taught me about this kind of music.” His lessons stayed with her. “Trouble in Paradise” — which is also the album’s title

track — is a kind of tip of her hat to him. The New York Times called it “an impressive job.” “I heard the title of that song, ‘Trouble in Paradise,’ and right away I thought about pulp fiction titles,” she said, laughing. “I love the inherent drama of the title … And it really suits the music in the album — big, dramatic and lush.” Rose said she’s planning one more movie, one more book and one more album. Though she might be busy, she’s hesitant to consider it “work.” “I think when you’re working hard in the creative arts, it doesn’t feel like work,” she said. “It’s such an expression of my core being that I can’t seem to stop. I’m also waiting to make it big. So I have to keep going.” “Sometimes I think: ‘What if they gave me an Emmy, a Tony and an Oscar — would I keep going?’ ” she adds. “And, you know what, I probably would.” 

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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. All rights to content, photographs and graphics reserved to broker. Equal Housing Opportunity Broker. Real estate agents affiliated with Bespoke Real Estate are independent contractor sales associates and are not employees of Bespoke Real Estate. Bespoke Real Estate LLC is a licensed Real Estate Broker. 903 Montauk Highway, Water Mill NY 11976


GETAWAYS

Blurred lines

With a rustic vibe, farm-to-table eateries and an influx of affluent hipsters, is the North Fork the new Brooklyn? BY CHRISTOPHER CAMERON

T

he ocean foam may be frozen on the beaches but the hunt for second homes on Long Island’s East End is hardly chilled. On the North Fork — the 30mile long peninsula in Suffolk County — small vineyards, farm-to-table restaurants, microbreweries and the sea air attracts buyers year-round, hungry for a less-frenzied summer experience than what is found in the nearby Hamptons. Ironically enough, that lower-key lifestyle is big business for real estate. Last year, the number of home sales in the North Fork surpassed 2005 levels — the height of the real estate bubble — according to a decade-long survey by the brokerage Douglas Elliman. And real estate professionals working in the area agree that many of these buyers have a common origin: Brooklyn. “The same things that attracted people to Brooklyn are present in the North Fork,” said Kristopher Pilles, managing partner of East End Luxury, a residential brokerage based in Riverhead. “Brooklyn has become much more desirable, so naturally our more affluent buyers are coming from that area, as well as everywhere else.” Some have called this phenomenon the “Brooklynification” of the North Fork. Just as bourgeois-bohemian Manhattanites colonized Brooklyn’s spacious brownstones and diverse community-oriented neighborhoods, educated urban professionals are shunning the glitzy Hamptons for the North Fork’s small-town atmosphere. The trend was even parodied in HBO’s “Girls” — the controversial pop-culture case study of millennial life in Brooklyn. Last season’s infamous “Beach House” episode helped cement the North Fork’s connection to privileged creative-class Brooklynites in the minds of many. “I can’t believe we’re in the Hamptons,” says Shoshanna, played by Zosia Mamet, as she steps off a bus in the episode’s opening. “Oh no, this is the North Fork. It’s very different than the Hamptons,” Marnie, played by Allison Williams, fires back. “It’s, you know, for people who think the Hamptons are tacky, and don’t want to be on a beach that’s near a J.Crew.” At least in this case, life imitates art.

28  Luxury Listings NYC  March/April 2015

Sheri Clarry, a North Fork-based broker with Corcoran, says her Brooklyn clients regularly bring up the episode while house hunting. And while she doesn’t think Brooklyn residents are actually buying second homes because of a TV show, the episode has certainly drummed up interest. “There are tons of Brooklynites on the North Fork. I call it Brooklyn-on-the-sea,” Clarry said. “The North Fork used to be an alternative, and now it’s become a primary destination.” And, as in Brooklyn, the question has become, a destination for whom? In the North Fork, the gentrification process is already nearing its end game, with working class families in some areas displaced by moneyed nonconformists on vacation, who are in turn being replaced by lawyers and financiers. “I’ve got everyone from finance hipsters to actors, directors, supermodels, musicians, celebrities and artists,” Clarry said, adding that, no, “finance hipster” is not an oxymoron. “There are hipsters in finance who work in really cool, boutique hedge funds,” she said. “Finance isn’t always what it was in the ’80s and ’90s anymore. It’s changed.” “For a lot of people, the North Fork represents an opportunity ‘to buy into something’ before prices and development reach Hamp-

“I call it Brooklyn-onthe-sea. The North Fork used to be an alternative, and now it’s become a primary destination.” —Sheri Clarry, Corcoran

The North Fork’s craft beer scene is booming.

tons levels,” Pilles adds, noting that from an investment standpoint the area offers better value than the more established South Fork. (According to the Douglas Elliman report, the average home price in the North Fork last year was $690,000, compared with $1.7 million in the Hamptons.) “Right now the consensus is that the upside exists on the North Fork, and that the Hamptons is always going to be Hamptons.” True, the Hamptons will always remain a summer mecca for Manhattan blue bloods, but the North Fork might not always retain its rustic, countryside character. And the importance of food to the ongoing transformation of the area is yet another parallel with Brooklyn that is impossible to understate. Sandwiched between the Long Island Sound and Peconic River, the peninsula is best known for its abundance of vineyards. The combination of wine and water was a natural draw for chefs and restaurateurs, like Gramercy Tavern co-founder and celebrity chef Tom Colicchio, as well as Barbara Shinn and David Page, owners of the Shinn Estate Vineyards and Farmhouse in Mattituck and former owners of Home Restaurant in Greenwich Village. The influence of top chefs on the area has led to an increase in the number of high-end, understated restaurants over the last decade. “The North Fork really started becoming a destination in the mid-2000s when the food scene began,” Clarry said. In Greenport, for instance, the Frisky Oyster serves cocktails at New York City prices in a sleek white room, across the street from a typical small-town dive bar. And back on Main Street, Brix & Rye, a cocktail and gourmet pizza spot operated by Rolling in Dough pizza truck owner Matt Michel, features live music from local indie bands. “I grew up here, but spent years living in Red Hook. Everyone was leaving for Brooklyn back then,” a bartender at Brix & Rye said. “Now people are moving back because they appreciate what is happening here. It’s become really cool and artisanal.” But increasingly, locally owned staples such as Claudio’s Restaurant in Greenport (featured in the “Girls” episode) and Tweeds Restaurant & Buffalo Bar in Riverhead (where an impressive selection of Pappy Van Winkle bourbon is on offer, ranging from $35 to $60 a pour) are competing with


BELOW: The North Fork Food Truck’s mural and menu. RIGHT: Bedell Cellars, a familyowned winery.

newer fine-dining establishments, such as the critically acclaimed North Fork Table & Inn in Southold. At North Fork Table it’s possible to observe young bearded men and tattooed women — sporting the designer streetwear commonly seen at the Bedford Avenue L-train stop — enjoy a $75 lunch tasting menu with locally grown produce, seafood from the Peconic Bay and carefully paired wines, as evident on a recent weekend. Nearby, a wildhaired child noshes on $22 truffled mac n’ cheese. The North Fork Food Truck sits just outside, serving local and seasonal Berkshire pulled pork rolls, lobster rolls and hot dogs for those looking for a pseudo-blue collar lunch. And while all that might sound like a scene out of Williamsburg, Pilles rejects the idea that the North Fork is growing to resemble

Brooklyn. “The thought that the North Fork is somehow becoming ‘Brooklynified’ is false,” Pilles, a lifelong North Fork resident, argues. “This statement implies the opposite of what has really taken place. The reality is that the North Fork was Brooklyn before Brooklyn was Brooklyn.” According to Pilles, farm-to-table restaurants, artisanal small businesses, craft spirits and even beards have always been part of life in the East End. In other words, maybe it’s Brooklyn that’s the new North Fork. “The farm-to-table concept is nothing new to the North Fork,” Pilles said. “Families, restaurants and the supermarket have long supported local farmers. Seafood was caught earlier in the day, usually by a family member who was a bay man for a living, or the parent of one of my classmates.” However, that doesn’t mean that the area

isn’t mutating into the preferred getaway for the self-consciously rich and famous. “The North Fork has always been the less shiny more salt-of-the-earth relative to the Hamptons. There were no trendy boutiques in our villages … and no real demand for our real estate. Home ownership was possible and the Hamptons were far away,” he said. “Fast forward and potato farms become vineyards, second-home buyers like the price point, accessibility and charm of the North Fork and real estate explodes … restaurants start catering to higher-end consumers.” Just as the divide between Manhattan and Brooklyn has blurred, “the Hamptons and the North Fork may soon become interchangeable,” he said. Read on for a look at some of the hottest properties on the market in the East End.

HAMPTONS 51 and 55 Halsey Lane, Water Mill This 22,000-square-foot early 20th-century estate boasts 1,200 feet of waterfront and 15 acres. The recently restored 11-bedroom, 15-and-a-half-bathroom home combines period details with state-of-the-art technology. There’s a carriage and gate house, too. It’s listed for $85 MILLION. Tim Davis and Peter Huffine at the Corcoran Group have the listing.

CONTINUED ON PG 30

Luxury Listings NYC  March/April 2015

29


GETAWAYS

HAMPTONS

CONTINUED FROM PG 29

26 Actors Colony Road, North Haven This landscaped bayfront compound, owned by Richard Gere and known as “Strongheart,” overlooks the Peconic Bay and Mashomack Preserve. The property is composed of three separate lots, for a total of 6.3 acres. Asking $47.5 MILLION, the estate boasts 12 bedrooms, 12 bathrooms, a chef’s kitchen, two guesthouses, a gym, a basketball court, a teahouse and a 60-foot heated pool with water views. Michaela Keszler, Paul Brennan and Raymond Smith from Douglas Elliman have the listing.

32 Middle Lane, East Hampton This 5.5-acre East Hampton estate is asking $35.5 MILLION. Designed in 1931 by famed architect Amayar Embry II, the 8,268-square-foot home includes six bedrooms, five full and three half bathrooms, a formal dining room and gourmet kitchen, a pond, a pool, mature landscaping and “magnificent” trees. Paul Brennan, Ronald White and Scott Bartlett of Douglas Elliman share the listing.

950 Ocean Road, Bridgehampton This traditional Bridgehampton estate asks $12.9 MILLION. The home sits on one acre and includes six bedrooms and seven and a half bathrooms, as well as oversized windows, a 1,000-plus bottle wine cellar, stadium-seat movie theatre and a mirrored-wall gym. Zachary and Cody Vichinsky of Bespoke Real Estate have the listing.

CONTINUED ON PG 32

30  Luxury Listings NYC  March/April 2015


ARTIST RENDERING

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GETAWAYS CONTINUED FROM PG 30

NORTH FORK

Big E Farm, Jamesport This massive 204-acre horse farm and vineyard, located in Jamesport, is on the market for $25 MILLION. The manor house, which is 10,236 square feet, has five bedrooms, six and a half bathrooms, a chef’s kitchen, four fireplaces and a pool. Among the other 17 buildings on the grounds: nine barns, three cottages and a tasting room. Sheri Clarry at Corcoran Group has the listing.

6175 Oregon Road, Cutchogue Set on one of the area’s premier streets in the heart of North Fork wine country, this 47-acre estate is on the market for $13.9 MILLION. The property includes a restored five-bedroom, four-bathroom farmhouse, working vineyards, manicured farmland as well as an elongated pool and pool house. The property has been owned and maintained by the same family for over three decades. Zachary and Cody Vichinsky of Bespoke Real Estate have the listing.

505 Point Pleasant Road, Mattituck Listed for $1.9 MILLION, this waterfront estate features access to the Sound via a deep-water dock. The four-bedroom, four-and-halfbathroom main house includes two master bedrooms, along with an expansive covered patio and stone courtyard. The grounds boast a two-bedroom guest cottage, a 50-foot saltwater pool, a regulation tennis court and mature landscaping. Deborah Kusa of Douglas Elliman Real Estate has the listing.

2400 Ruth Road, Mattituck Set on five private acres with 200 feet of waterfront and sandy beaches, this under-construction home in Mattituck will be ready by summer. Asking price is $3.5 MILLION. Architectural plans call for four bedrooms, three full bathrooms, 12-foot ceilings, a wall of glass overlooking the Long Island Sound, a chef’s kitchen and a balconied master suite. Marie Beninati at Beninati Associates has the listing.

32  Luxury Listings NYC  March/April 2015


LUXURY PROPERTIES MANHATTAN

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270 broadway, apt 19D. A spectacular Tribeca 4 bedroom / 3.5 bath, 19D has more windows and the largest per cubic square foot living/dining room within the entire building accompanied by truly breathtaking views. Situated high above, this sprawling, mint condition property has 3 amazing views to the north, south and west including city skylines and the Hudson River. $8.8M Web# 3368762 Timothy Melzer 212.300.6137

360 Furman Street, apt 1014-1015. Massive waterfront home with 4 bedrooms + den, 5 baths, majestic entertaining spaces, and a tremendous amount of storage, offering the space of a townhouse on one level. You are greeted with wide open Manhattan and NY Harbor views to the west and more city vistas framed by the brooklyn and Manhattan bridges to the north. $7.4M Web# 3408259 James cornell 718.923.8081, leslie Marshall 718.923.8034

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Villa Maria. built in the early 20th century, this waterfront estate is a private, gated compound overlooking Mecox bay. This magnificent 22,000 SF baronial mansion is a landmark property on 11 waterfront acres with additional acreage available. Turn-of the century splendor with modern comfort and state-of-the-art technology. $69M Web# 35445 Tim Davis 631.702.9211, peter huffine 631.899.0315

100 casa bendita. Rare example of Mediterranean-style architecture on one level by Jeffrey Smith. 6 bedrooms/6.5 baths on .93 acres with 203’ of private ocean frontage and 10,500+ SF of luxurious living space. High ceilings, well proportioned rooms with utmost quality details and finishes. Shimmering 50’ glass tile pool and 3 car garage. $47M Web# 3403660 paulette koch 561.346.8639, Dana koch 561.379.7718

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


MANHATTAN MARKET ROUNDUP

IT’S A CIRCUS!

How Manhattan’s luxury “sideshow” is changing—and skewing—perception of the city’s overall real estate market

I

BY C. J. HUGHES in the fourth quarter, up from one n the world of New York City real estate, über-luxury apartments during the same time the year before. can seem like the only game in town. In addition to skewing the overall But despite the buzz about big-ticket sales, deals above market statistics, the growth of the the $5 million and $10 million mark are not as prevalent as high-end market is creating some some might think, a study of recent closed deals on the website problems in its own particular niche. StreetEasy shows. For starters, Fred Peters, president The numbers show that only about 1 percent of all Manof Warburg Realty, echoed other hattan co-op and condo sales — or about 370 out of 30,900 observers when sales between January 2013 and January he noted the city 2015 — fetched $10 million or more. Meanis “moving to a while, only about 1,300 sales, or 4 percent bit of a glut in of all sales, went for $5 million or more the ultra-luxury during that same time. market.” Even sales priced at $3 million and And that can knock pricing out of up — which is considered the starting point whack, causing sellers to overprice their for the luxury housing market — accounted properties. “You have a very visible circus for only 3,230 deals, or just over 10 percent sideshow dominating the discussion of all transactions. about the housing market, which has Insiders say that while the luxury the tendency to influence unsupported market is a growing percent of the overall optimism,” Miller said. market, it is still rather small — adding Meanwhile, even high-end sellers somethat the obsession with colossally large times have to pull the plug. Until early this deals obscures what’s going on with the year, Raphael De Niro, a top agent at Dougvast majority of the market, including in las Elliman was marketing a $20 million the “lower-end” sweet spot between $1.5 duplex co-op at 969 Fifth Avenue that’s million and $3.5 million. been listed since 2012. “No one knows how Jonathan Miller, president of appraisal deep the market is for apartments for more firm Miller Samuel, pointed to some than $10 million,” he said. The duplex is troubling signs that are not getting much now off the market. attention, like fewer sales going through at Leonard Steinberg, president of Comthe year’s end and a shortage of listings in pass, pointed out that it’s only human the resale market. For example, while the —LEONARD STEINBERG, nature to focus on the sexy deals with number of deals is up in the $10 million-plus Compass mega price tags. “It’s a societal norm world, overall sales activity in the fourth today to talk about the Kardashians instead quarter plummeted 18 percent compared of the millions and millions of other people on the planet,” said to the same period in the previous year, according to Douglas Steinberg. “Dreams are much more exciting than reality.”  Elliman’s marketing report, which is prepared by Miller. “One percent of the market is getting 99 percent of the eyeballs,” he said. “We’re zeroing in on the wrong things, things that are shiny and sparkle.” Still, luxury deals account for a large (and growing) chunk of the dollars. With the exception of early 2008, the last decade has rarely logged more than 15 or so deals a quarter in excess of $10 million, according to Miller Samuel. That is, until 2013, when sales of condo units in a crop of pricey new condo towers began closing. Since then, the $10-million-plus sector has grown and leapt upward so dramatically that in the last year Miller began charting a new category: $30 million and up. There were This duplex at 969 Fifth Avenue, on the market since 2012, asking $20 million, eight of those monster deals

“It’s a societal norm today to talk about the Kardashians instead of the millions and millions of other people on the planet. Dreams are much more exciting than reality.”

Only 1% of all sales fetched more than $10M from 2013 to 2015

34  Luxury Listings NYC  March/April 2015

was recently pulled off the market.

Overall sales activity in Q4 ’14 was down

18%


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1) Blair Waldorf (played by Leighton Meester), an iconic Upper East Sider in “Gossip Girl.” 2) Some dogs may know the difference between east and west of Lexington. 3) Champion sweats 4) Lululemon pants

SPLIT PERSONALITY

East and West face off in a tale of two very different Upper East Side cultures

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There are more subtle prejudices as well. Take n any given morning, Lululemon-clad Paola’s Restaurant, an Italian eatery at 1295 Madison women collide with Champion-wearing Avenue, which caters to an Upper East Side clientele. ones; juice shops are as packed as fast According to a local resident, it’s the kind of place food joints in a land divided: The Upper where “fancy Upper East Siders go when they aren’t East Side. Two-faced, or two-sided, if being fancy.” you will, the neighborhood is split into two distinct Owner Paola Bottero, who lives in the low 90s on areas: The über-ritzy side west of Lexington Avenue Park Avenue, is no stranger to the divide — Paola’s (think live-in maids, private drivers and “Gossip Girl”) Restaurant was housed on 84th between Second and the less-than-luxe side east of Lex (the land of and Third avenues for 26 years. She supports unity, bodegas, never-ending Second Avenue Subway condescribing her establishment as equal-opportunity, struction and empty storefronts on First Avenue). with “wonderful clientele on both This “Tale of Two Upper East sides of Lexington.” Sides,” is a very Manhattan twist “Even my King Charles However, free delivery ends at on the epic hip-hop battle — a story Lexington Avenue; anyone living of East vs. West. According to the Cavaliers wouldn’t cross to the east must pay a delivery real estate web site CityRealty, the past the Park Avenue charge. Bottero explained: “Yes, average sale price of a co-op or we deliver to our neighborhood condo west of Lexington Avenue Armory.” free of charge, but east of Lex was $3.64 million last year, more —R. Couri Hay, society columnist does incur a small fee.” This can then double the $1.27 million be defended simply as geographaverage east of Lexington. ically based, but those east of the tracks are penalized. Further highlighting this divide: While education And not everyone is for unity. “No self-respecting levels are nearly identical on both sides of the resident between Park and Fifth Avenue would go subway tracks, the average household income is east of Lexington unless they’re going to the New also nearly double in the tony area, according to York Hospital for Special Surgery for an emergency Revaluate, a company that specializes in housing and operation,” said Avenue’s society columnist R. Couri neighborhood data: $300,427 vs. $155,839. Hay, who lives in the tonier side of the nabe. “Although It’s not just a question of disparity; it’s an attitude, you wouldn’t get a nosebleed going east, there’s no too. “I don’t even really know what east of Lexington question that even my King Charles Cavaliers wouldn’t Avenue looks like,” said John Patrick, founder of archicross past the Park Avenue Armory. And when your tecture and design talent agency Above the Fold, who dogs know, you know to turn around to head back lives west of Lex. “Although, I will say the view driving towards the park.” — Ann Imperatore down York Avenue to Sutton Place is quite beautiful.”

36  Luxury Listings NYC  March/April 2015


NEIGHBORHOODS Housing costs

Running down the numbers Median January sale prices Studio 1 bed 2 beds > 3 beds

$407,500 $684,500 $1,649,000 $6,579,250

UPPER EAST SIDE

Business

All that glitters

Median January rents $2,250 $3,250 $5,500 $16,200

Studio 1 bed 2 beds > 3 beds

Source: StreetEasy

Fast facts

Ritzy rentals, a home fit for a Rockefeller and getting cheesy $300,000

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fter a successful pop-up in East Hampton last summer, online “jewelry for your walls” purveyor Diamondocity is opening a brick-and-mortar shop at 958 Lexington Avenue at 70th Street. The gallery takes iconic images, such as a skull or a heart, and bedazzles them with hand-set crystals; custom orders are available as well. Remember: It don’t mean a thing if it ain’t got that bling!

Monthly rent for a penthouse at the Surrey, 20 E. 76th Street, the city’s most expensive one-bedroom rental

$7.2 million

Coming soon

Sale price of Peter Rockefeller’s duplex at 130 E. 67th Street

$49.99

Price, per month, to join the cheese club at the new Whole Foods at 1551 Third Avenue Sources: NY Post, DNAInfo

Pricey digs

Posh pads on Park Avenue

Twins peak

S

uper twins MaryKate and Ashley Olsen are bringing their sophisticatedyet-hip fashion label, The Row, to denizens of the Upper East Side. After opening their first store on Melrose Place in Los Angeles last spring, the dynamic duo have signed a lease to open a flagship at a townhouse space at 17 East 71st Street. “We have had our eye on this property for the past two years,” “big sis” Ashley (she’s older by two minutes) told Women’s Wear Daily. The store is expected to open by the end of the year.

Celebrity watch

Cone sells home PRICE $25 million ADDRESS 737 Park Avenue #12A

PRICE $20 million ADDRESS 521 Park Avenue #4ABC Source: StreetEasy

TYPE/SIZE Condo; five bedrooms, seven baths, one half bath; 6,111 square feet

TYPE/SIZE Condo; five bedrooms, five baths

BEST OF BOTH WORLDS The elegant prewar building boasts modern infrastructure and amenities.

FULL HOUSE Combine these units to create a sprawling, fullfloor corner unit.

Former Mets and Yankees pitcher DAVID CONE’S four-bedroom home at 151 EAST 85TH STREET is in contract. The five-time World Series champion paid $3.76 million for the unit in 2011; he was asking an ambitious $6.49 million for the 2,350-square-foot pad. The apartment is in contract for approximately $2,511 a square foot, or just under $6 MILLION, according to listing brokers Michel Madie and Victor Alia of Michel Madie Real Estate Services. “We loved the classic layout,” Cone’s wife, Taja, told Luxury Listings, adding that this is the first resale of the four-bedroom C-line. “Not too many people want to resell.” Amenities include floor-to-ceiling windows, a chef’s kitchen and an in-building lap pool and Jacuzzi.

Luxury Listings NYC  March/April 2015

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1) The Time Warner Center 2) Jho Low 3) Vitaly Malkin 4) Anil Agarwal

TOWER OF POWER

The billionaires who have made “secret” purchases at the Time Warner Center

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paid $15.65 million for unit 74B at the Time Warner hese are the people in your neighborhood: Center. The billionaire, who was barred from entering a former Russian senator and banker with Canada because of suspected connections to connections to organized crime, a Greek organized crime, used an elaborately titled entity to businessman who was arrested last year make the purchase. for corruption, a Chinese businessman Dimitrios Contominas found guilty of housing workers in hazardous condiLast fall, the Greek businessman, who was arrested tions and a Malaysian financier with a penchant for a year ago in a corruption sweep of Greece, used a graft and celebrities. shell company to buy a condo for These are just a few of the 16 $21.4 million, also on the 74th floor. wealthy foreigners the New York “The building doesn’t Jho Low Times uncovered as owning in the In 2011, the Malaysian finanTime Warner Center, who “have been know where the money cier picked up a penthouse, unit the subject of government inquiries is coming from. 76B, which once belonged to Jay Z around the world, either personally and Beyoncé for $30.55 million usor as heads of companies.” We’re not interested.” ing a shell company. Low’s money In its sweeping six-part investi—Rudy Tauscher, former manager is mysteriously sourced — it likely gation into the use of shell compaof the condos at Time Warner originates from his relationship with nies to purchase luxury properties the Malaysian government. anonymously, the Times found that Kabul Chawla 64 percent of the units in the Time Warner Center were The controversial Indian real estate developpurchased using multi-layered, limited liability compaer — who is accused of absconding with the payments nies to shield the identity of the buyer — an exceptional on hundreds of apartment he never delivered — denies number even in Manhattan, where LLCs have long been owning a 4,050-square-foot condo, 68AF, that inused by prominent individuals and celebrities. cludes five bedrooms and Central Park views. But the “The building doesn’t know where the money is Times connected him to the $19.4 million purchase of coming from. We’re not interested,” Rudy Tauscher, a a unit on the 68th floor of the south tower. former manager of the condos at Time Warner, told Anil Agarwal the Times. In 2004, units 72B and 51E in the Time Warner Center For those who had a hard time making it through sold for $9.1 million to the Amantea Corporation, the lengthy series, here’s a look at who the Times which the Times traced to this mining magnate. His found hiding behind some of those shells: company was recently fined for polluting a major Vitaly Malkin river in Zambia. — Christopher Cameron In 2010, the former Russian senator and banker

38  Luxury Listings NYC  March/April 2015


NEIGHBORHOODS Housing costs

Nabe news

Running down the numbers Median January sale prices Studio 1 bed 2 beds > 3 beds

$450,000 $785,000 $1,495,000 $3,675,000

UPPER WEST SIDE

Movin’ on up

Median January rents Studio 1 bed 2 beds > 3 beds

$2,350 $3,300 $5,073 $8,900

Source: StreetEasy

C

iti Bike is heading uptown. New bike-share stations are set to dot the Upper West and Upper East sides as early as this spring; the plan is to double Citi Bike’s reach to more than 700 stations and 12,000 bikes citywide by 2017. The expansion is part of an agreement Citi Bike announced last fall that includes a $30 million infusion from private investors and a $70.5 million increased sponsorship commitment from Citibank.

Fast facts

Here’s the beef, a photographer’s pad and a night to remember $56 Famous Price for grilled beef filet mignon faces at Tavern on the Green, which has a new executive chef, Strange happenings

Norman Rockwell

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California culinary star Jeremiah Tower

$4 million

Asking price for the narrow, 13-foot wide townhouse at 33 West 94th Street, where former Elvis Presley photographer Alfred Wertheimer lived until 2014

$145

Price, per person, for a sleepover at the American Museum of Natural History. It includes activities like a fossil fact-finding mission by flashlight and a live-animal presentation. Sources: Tavern on the Green, Curbed, American Museum of Natural History

tars like Norman Rockwell and Jon Jon Hamm Hamm have called West 67th Street between Columbus Avenue and Central Park West home — and yet, earlier this year, some residents lobbied to name the block after political consultant David Garth. If you’re wondering,“who?” know this: “Even on the block people did not know who David Garth was,” resident Arlene Simon told DNA Info. Facing opposition — some noted that past residents include George Balanchine and Noel Coward — Garth supporters withdrew their application. Celebrity watch

Buyer says “Yes!”

Pricey digs

Tony townhouses on the Upper West Side PRICE $12.95 million ADDRESS 326 West 89th Street TYPE/SIZE Six bedrooms, five baths, two half baths; 7,000 square feet MODERN LIFE The home is completely renovated.

Source: StreetEasy

Sports announcer MARV ALBERT and his wife, Heather, sold their penthouse at 150 COLUMBUS AVENUE in January for $13 MILLION. The 3,550-square-foot condo, listed for $16.5 million, has three bedrooms, 4.5 bathrooms and an impressive terrace. “It’s so quiet and peaceful,” Albert said.

Each residence features a private

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2/24/15 4:44 PM


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1) The White Room 2) Porterhouse for two 3) The steakhouse features 55,000 pounds of white marble. 4) A 2.5-pound lobster runs $50.

MEAT MARKET

A new ‘90s-style upscale steak house attracts Manhattan’s rich and beautiful

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idtown’s flashy new surf & turf spot, main dining room, which is dubbed the “White Room.” the Hunt & Fish Club, is attracting The neighboring “Black Room” bar area features a hotshots and sugar daddies, giving it painting of a topless woman on horseback by artist Roy Nachum — which you can touch, as it features a true “clubby” vibe. Restaurateur Eytan Sugarman Braille — and $15 cocktails, according to Gothamist. “I think with hospitality in New York… one of the launched the ritzy dining room in January, with money manager Nelson Braff and Anthony Scaramucci, things that’s gotten lost are the classics,” Sugarman founder of SkyBridge Capital, at a reported cost of told the Post. The idea was to create a spot of $5 million. And from the second its doors opened, “elegance, indulgence and luxury” for upscale folks, Manhattan’s bold-faced and beautiful have kept the inspired by “the best era of our lifetime:” the 1990s, Sugarman added. restaurant bouncing. The menu boasts six cuts of “When these guys were designing “If girls want to meet beef ranging from an eight-ounce it, I wanted to see Leonardo DiCaprio. filet mignon ($44) to the 16-ounce You know that light, light pink suit some men, this is kosher cut boneless ribeye ($58). he’s wearing in ‘The Great Gatsby?’” where you meet them.” There’s also a roast organic chicken Scaramucci, 51, who also owns “a  — Carla Facciolo, ($26) and a 2.5-pound lobster ($50) small part of the Mets,” told the New star of “Mob Wives” on offer. Smaller plates include an York Post. “I wanted him standing at oxtail-and-bone marrow French the bar in that custom suit saying, onion soup ($17), thick cut Nueske’s bacon ($9) and ‘OK, this is the right spot for this guy.’” The restaurant has become a hotspot for “Mr. Big” tater tots ($12) topped with shavings of black truffle. And if all that’s not enough, try a $120 serving of types and the women who love them, according to the Post. “I feel like it’s more special as a woman here,” Tsar Imperial Ossetra caviar and a $110 dry-aged 49-year-old Barbara Kavovit, who owns a female- porterhouse for two. With such prices, it’s no wonder that A-listers like friendly tool company called DIYVA by Barbara K, told the Post. “As soon as you walk in, it’s like, ‘Wow.’ You Yankees pitcher CC Sabathia, billionaire Carl Icahn, definitely feel like you’re unique. It makes you feel like “Sopranos” star Steve Schirripa and music honcho Timbaland have all been spotted at the restaurant a lobster, just like, ready to be declawed.” “If girls want to meet some men, this is where you by the Post. The restaurant even hosted a dinner for meet them,” said “Mob Wives” star Carla Facciolo, 48. former Treasury Secretary Larry Summers. “I think it’s great for New York,” baseball star The two-floor steakhouse features a massive chrome chandelier and 55,000 pounds of white marble, Darryl Strawberry, who dined at the establishment on covering the floors, staircase, bars and walls of the opening night, told the Post. —Christopher Cameron

40  Luxury Listings NYC  March/April 2015


NEIGHBORHOODS Housing costs

Running down the numbers Median January sale prices Studio 1 bed 2 beds > 3 beds

MIDTOWN

Developments

A suite deal

Median January rents

$795,000 $1,275,000 $2,695,000 $9,995,000

$3,088 $4,498 $7,163 $27,500

Studio 1 bed 2 beds > 3 beds

Source: StreetEasy

Fast facts

A record listing, putting on the Ritz (again) and lunch in Times Square $150 million

Price for a triplex penthouse at 550 Madison Avenue, the city’s priciest home for sale

6

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he new owner of the Waldorf Astoria, Anbang Insurance Group, which paid nearly $2 billion, intends to convert the top floors of the iconic hotel into luxury condos. Anbang’s chairman Wu Xiaohui said recently that the company will “renovate the two towers into luxury residential apartments with world-class amenities and finishes to reflect its culture and social status.” The building is a carriage ride away from billionaires’ row.

Dining

Power lunching

Number of apartments music giant Clive Davis owns in the Ritz Tower, having closed on his latest, a $1.9 million two-bedroom

4,000

Square footage of diverse new food market City Kitchen on 8th Avenue at 44th Street

Source: The Real Deal

Pricey digs

Pining for penthouses in Midtown

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ADDRESS 150 West 56th Street PH

he Four Seasons Restaurant may be throwing in the (dish) towel on its current location at 99 East 52nd Street in the Seagram Building between Park and Lexington Avenues, according to the Commercial Observer. The restaurant has a lease through July 2016, and while it may remain in place, co-owner Julian Niccolini is quoted as saying, “we’re considering every opportunity available to us.” According to sources, one such “opportunity” includes a 43-story building at 280 Park Avenue, which has an 18,000-squarefoot restaurant space, as well as other nearbye — and walkable — locations.

TYPE/SIZE Condo; six bedrooms, nine baths; 8,000 square feet

Business

PRICE $100 million

EAGLE-EYE VIEW This triplex penthouse is billed as the highestterraced residence in the United States.

Seriously coiffed

T PRICE $60 million ADDRESS 20 West 53rd Street Source: StreetEasy

TYPE/SIZE Condo; five bedrooms, five-plus baths; 7,381 square feet

DOUBLE STUFF This duplex is atop the Baccarat Hotel and Residences New York.

he famed John Barrett Salon will move into a mansion that’s home to many superlatives. The salon, which, according to the New York Post, will continue to maintain a presence in Bergdorf Goodman, will lease 10 West 56th Street just off Fifth Avenue, once home to Hollywood legend Elizabeth Taylor and third husband Michael Todd during their brief marriage. The current owner, multibillionaire Carlos Slim, acquired the 16,000-square-foot mansion in 2011 for $15.5 million. Jim Hedges, CEO of John Barrett, told the Post that the Beaux Arts limestone mansion “will become the most beautiful luxury salon in the country.” Plans call for 80 chairs for stylists, make-up artists and numerous private treatment rooms.

Luxury Listings NYC  March/April 2015  41


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


140 CHARLES STREET - PH

4 BR 4.5 BATH

$11.5 M

WEB ID: 578179

WEST VILLAGE

SUSAN J GREEN (646) 998-7428

312 EAST 22ND STREET 2 BR 2 BATH $1.99 M WEB ID: 348812 GRAMERCY PARK DANA POWER O: (646) 998-7437 310 EAST 53RD STREET 2 BR 2 BATH $2.699 M WEB ID: 399349 SUTTON PLACE SOFIA FALLERONI (646) 300-6041

88 MACDOUGAL STREET 5 BR 5.5 BATH $40,000/MONTH STEPHEN FERRARA (646) 561-5306 WEB ID: 712350 GREENWICH VILLAGE

207 EAST 57TH STREET

2 BR 2 BATH

$10,250/MONTH

498 BROOME STREET

LOFT 2 BATH

$18,000/MONTH

WEB ID: 404953

ERIN STABB (646) 738-2658

WEB ID: 820208

MIDTOWN EAST

DONNA L. STRUGATZ (646) 558-4033

SOHO


1 4

2 3

1) A Corona Standard portable 2) Paul Schweitzer at work in the shop 3) An Olivetti Valentine 4) Words on paper, not easily erased.

KEYED UP

A quirky typewriter repair shop offers hints of a New York City of yesteryear

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prices — $10 to replace a ribbon; $145 and up for a ucked away in an unassuming building in full adjustment. A large wooden desk welcomes the heart of the Flatiron District, signs of clients, and neatly stores their contact information an almost forgotten New York can still be in vintage card indexes. found. After climbing four flights of steep But the typewriters, showcased on a metal rack, stairs at 174 Fifth Avenue, passing a Russian take center stage. Impeccable and shiny, 20 mesbookstore and an old-fashioned tailor shop, a large merizing machines are neatly aligned on the shelves: sign reads: “Gramercy Typewriter Company, est. 1932.” a massive, all black L.C. Smith; a Eighty-three years ago, 18-yearrounded baby-pink vintage Royal; old Abraham Schweitzer founded a metallic gray Olivetti, along with the typewriter-repair shop near “Here they are seeing Olympias, Coronas and RemingGramercy Park; the company something that kept living tons, all for sale, starting at $145. relocated to Fifth Avenue a few A backroom serves as the repair years later. Abraham’s son, Paul, and working, year after workshop; a tangled laboratory joined the business in 1960; year, decade after decade.” where old devices are piled on grandson Justin has been on board —Justin Schweitzer, tables and chairs, or neatly aligned since the 1980s. Gramercy Typewriter Company on high shelves that reach the While much of the modern ceiling. Springs, belts, wheels and world celebrates technology, the other parts fill up the metal cabinets at the edge of Schweitzers see value in preserving the typewriter. the room. Today, a new generation is increasingly drawn Paul Schweitzer is particularly fond of oldto typewriters, said Justin Schweitzer. “They have fashioned devices — he even prefers an adding grown up with things that just get thrown away machine to a calculator. Still, he has stayed and replaced and can’t be fixed, but here they’re abreast of trends. As personal computers boomed, realizing this is something completely differSchweitzer and his son took courses in repairing ent,” he said. “Here they are seeing something printers. Now, on-site laser-jet printer repair and that just kept working, year after year, decade toner supply account for most of their business. after decade.” But while the printers may pay the bills, the Upon entering the office, a cozy, narrow anteroom typewriters soothe the soul. Using these old fashioned displays wall-to-wall photographs that illustrate the machines, according to Justin, is about “being more typewriter’s evolution, from a massive 1915 Smith in control, having what you’ve done on the paper in Corona to a curvy Valentine by Olivetti, an iconic red front of you, and not having to worry about being typewriter designed by Ettore Sottsass in the 1970s. erased,” he said. — Lucia De Stefani In the main room, a towering blackboard shows

44  Luxury Listings NYC  March/April 2015


NEIGHBORHOODS Housing costs

Running down the numbers Median January sale prices $495,000 $1,100,000 $1,995,000 $5,520,000

Studio 1 bed 2 beds > 3 beds

Median January rents Studio 1 bed 2 beds > 3 beds

$2,700 $4,000 $7,500 $11,950

Source: StreetEasy

Fast facts

A large sculpture, deluxe sushi and (relatively) cheap rentals 500 Length, in feet, of the outdoor sculpture made of mirrorpolished discs that will cover Madison Square Park’s Oval Lawn. The installation by Teresita Fernández will be on view starting April 30.

GRAMERCY/FLATIRON

On the market

I’ll get you, my pretty!

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he charming twobedroom apartment of actress Margaret Hamilton, best known for playing the Wicked Witch of the West in “The Wizard of Oz,” is now on the market asking $1.59 million. The apartment is located at 34 Gramercy Park East — the first co-op building in the city, according to the listing. The Queen Anne-style building dates to 1883 and boasts a Tiffany glass ceiling in the lobby. The 1,113-squarefoot corner unit has original moldings, a fireplace and views of Gramercy Park — and, even better, it comes with a key to those private grounds. Dining

Eat to your health

$45

Price for the Platinum Sushi Deluxe platter at newly opened Mira Sushi & Izakaya restaurant at 46 West 22nd Street

$4,500

Starting rental price for three-bedrooms at Madison Park 24, a forthcoming building at 41 West 24th Street Sources: Madison Square Park Conservancy, Mira Sushi, Curbed

Pricey digs

Ritzy rentals in Gramercy

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ew eatery Darrow’s Farm Fresh Takeout — “a local, nutritious, sustainable and independent establishment” — brings fresh, healthy foodie-friendly options to the nabe. Located at 115 East 18th Street, the fullservice restaurant (with tablets at every table!) features ingredients from local markets using recipes from co-chefs David Kupperberg (Pure Food & Wine) and Taylor Thorne (Eleven Madison Park, Jean Georges), under the guidance of nutritionist Julie Starr. The menu includes “functional plates” such as “stress relief” (with avocado toast, rainbow chard and smashed sweet potato) as well as cold-pressed cocktails. Celebrity watch

All in the “Family”

PRICE $39,000/month ADDRESS 50 Gramercy Park North #11A

TYPE/SIZE Four bedrooms, four baths, one half-bath

HOTEL STYLE The full-floor apartment includes round-theclock amenities from the Gramercy Park Hotel.

PRICE $12,500/month ADDRESS 7 Gramercy Park West #6A/B TYPE/SIZE Three bedrooms, two baths, one half bath KEY PARTY The pre-war pad comes with a key to Gramercy Park.

Source: StreetEasy

Actor JESSE TYLER FERGUSON — who is best known as Mitchell Pritchett in the hit sitcom “Modern Family” — along with his husband, Justin Mikita, purchased a onebedroom co-op at 200 EAST 16TH STREET. The couple owns a far larger home in Los Angeles — which once belonged to Gwen Stefani, according to Curbed. Though the Gramercy digs are modest, the $1.23 MILLION home will make for a pretty sweet NYC crash pad: The renovated apartment features original hardwood floors, a “top-of-the-line” kitchen and two bathrooms, according to the listing.

Luxury Listings NYC  March/April 2015  45


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1) Olivia Wilde’s and Jason Sudeikis’s home, now in contract 2) Wilde and Sudeikis (and baby) 3) 100 11th Avenue 4) Vincent Gallo 5) Carmelo Anthony

MOVERS & SHAKERS

Scores of celebrities are selling, scoping and buying super-chic Chelsea cribs

B

Woo’s 200 11th Avenue — also known as the Sky oldfaced names are at it again — making Garage — actress Gina Gershon has sold her condo headlines in Chelsea’s hot home market. for $8.2 million. The star, known for her parts in Kicking off the year, actor couple “Showgirls,” “Face/Off” and “Cocktail,” bought the unit Olivia Wilde and Jason Sudeikis put their with her partner, Bobby Dekeyser, founder of outdoor Meatpacking District residence on the furniture brand DEDON, according to the New York market. The couple, who starred together in “Drinking Post. Buddies,” are asking nearly $4 million for the twoThe sixth-floor unit features 2,391 square feet, three bedroom, two-and-a-half bathroom apartment in the bedrooms and an en-suite parking space. Gershon Porter House Building, located at 66 Ninth Avenue, and Dekeyser are parting ways with some famous according to the New York Post. SHoP Architects neighbors, including Nicole Kidman, renovated the former wine warehouse fashion mogul Domenico Dolce and and distribution center in 2003, which designer Jamie Drake, whose home now includes 21 luxury condos. The Knicks’ Carmelo And it seems that the price is Luxury Listings visited last fall. Anthony is the latest right. The home, which includes high New faces are arriving, too. The celebrity owner of a unit Knicks’ Carmelo Anthony is the latest ceilings and a chef’s kitchen, is now in contract. Douglas Elliman’s Ann celebrity owner of a unit in developer in Cary Tamarkin’s Cutbill Lenane has the listing. and architect Cary Tamarkin’s 508 508 West 24th Street. West 24th Street. The basketball star, Just a short walk away, filmmaker and actor Vincent Gallo is parting together with his wife LaLa, picked up ways with his Chelsea apartment. an $11 million, full-floor apartment at The “Buffalo 66” star listed his pad at the Young Woothe High Line condo last month, according to the New developed, Jean Nouvel-designed 100 11th Avenue for York Post. Stribling Marketing Associates’ Millie Perry, $2.95 million, about $1 million more than what Gallo Alexa Lambert and Cathy Taub had the listing. paid for it two years ago, according to the New York Finally, in mid-January, spies spotted “Entourage” Daily News. star Adrian Grenier at an open house at 340 West Compass’ Leonard Steinberg and Herve Senequier 19th Street. Grenier viewed a $9.5 million threehave the listing. The glassy, fifth-floor apartment bedroom in a sixth-floor walk-up with his mom, includes a floor-to-ceiling pivoting glass door that Brown Harris Stevens broker Karesse Grenier, and an opens into a den with a private balcony, according unidentified young woman. But just a few weeks later, to the newspaper. The unit also comes with a deep Grenier paid $2.1 million a five-story townhouse at soaking tub and an enclosed shower. 112 Gates Avenue in Clinton Hill, according to 6sqft.  Just north of Gallo’s digs, at architect Young — Christopher Cameron

46  Luxury Listings NYC  March/April 2015


THE ARTHUR SACHS TH East 60s/Madison Avenue.

PANORAMIC PARK VIEWS Fifth Avenue. 8 room sun-filled corner apartment with all outside rooms facing spectacular views into Central Park. Top-tier amenities, garage at $375/month and gym. $6.45M. WEB# 10236684. S. Jean Meisel 212-906-9209 Talei Butel 212-906-9304

PREWAR TERRACED TREASURE UWS. Prime W 80’s on WEA. 3BR, 2 bath with wrap terrace on 20th flr. Huge corner living room, dining area, beamed 9ft ceils, corner MBR, full-service Art Deco bldg. $3.195M. WEB# 12018668. Edward F. Joseph 212-588-5646

Meticulously renovated 20-foot limestone TH with swimming pool, elevator, 5+ BR, staff, and outdoor on 4 levels. Completion set for March 31, 2015. $35M. WEB# 11685991. Paula Del Nunzio 212-906-9207 GRANDEUR ON FIFTH Fifth Avenue. High flr sprawling Central Park & harbor views from every rm in rarely avail, crnr, 3 expos, 4BR, 4.5 bath. Beautiful wood paneled libr, chef WEIK & more. Corp welcome. $25.5M. WEB# 11250167. Daniela Rivoir 212-906-9276 SPLENDID RESERVOIR VIEWS Fifth Avenue. Gracious gallery opens to library, living room and dining room. Both corner living room and dining room face the Park. Five bedrooms, four en suite baths. $15M. WEB# 11981555. Kathleen M. Sloane 212-906-9258 ICONIC DUPLEX IN THE EAST 60S East 60s/Lexington Avenue. Perched on the top 2 floors, this renovated 10 room duplex has 3BR, 3.5 baths and N, S, E exposure. EIK, double-height LR, and 2 wbfps. White glove Co-op. $7.5M. WEB# 11949571. John Burger 212-906-9274 NEWLY DEVELOPED 33’ TOWNHOUSE East 97th Street/Park Avenue. Gorgeously finished townhouse in its final stage of construction offers 3-4 bedrooms, 10’ ceilings throughout, huge balconies, a garage and a roof terrace. $4.795M. WEB# 11921125. Daniella G. Schlisser 212-906-9348 Matthew D. Hughes 212-906-9351

SPECTACULAR SAN REMO RESIDENCE CPW. Newly renovated triple-mint high flr 2BR, 2 bath home at the San Remo. Open southern views over the Dakota & city skyline, W/D, custom closets & gym. $5.95M. WEB# 10389923. Wendy J. Sarasohn 212-906-9366 Jamie S. Joseph 212-906-9369 Tania K. Isacoff 212-906-9373 PREWAR GRANDEUR & MODERN CHIC UWS. Mint 3BR + home office, 3 bath home w/ charming tree-top & garden views. Big rooms, new loft like WEIK, W/D, PW detail. Boutique FS Candela Co-op w/ storage. $3.799M. WEB# 11357936. Lisa K. Lippman 212-588-5606 Gerard S. Moore 212-588-5608 NEW TO MARKET West 50s. Newly renovated 3BR, 3 bath flooded with light in the iconic Alwyn Court. Near Central Park, shops, restaurants and all transportations. Not to be missed. $3.295M. WEB# 11964812. Ileen G. Schoenfeld 212-396-5878 Aracely Moran 212-588-5649 DUPLEX WITH HUGE WRAP TERRACE West 70s/WEA. Mint 2BR, 2 bath with 750SF private terrace. Renovated chef’s kitchen & bath. High ceilings, great light. Prewar Co-op w/DM. Pets allowed. $1.195M. WEB# 11244153. Vicki Gershwin 212-588-5638

SPRAWLING MANSION OPPORTUNITY West

TRIBECA TRIPLE MINT Jay Street. Stunning 2BR, 2 bath loft ideally located on highly sought after cobble stone street. Beautiful custom details showcased throughout. $2.975M. WEB# 12038304. Wendy L. Richardson 212-906-9257

Village. Co-Excl. 51’+ wide, 13,328SF building with 4 exposures & gardens on 3 levels. Unparalleled opportunity to create a spectacular mansion. $47.5M . WEB# 11262521. David E. Kornmeier 212-588-5642 TRIPLE MINT 4BR WITH TERRACE Laight/ Washington Street. Co-Excl. Stunning PH with soaring ceilings, massive living space, chef’s kitchen, exquisite master suite, and divine terrace. Best Tribeca FS condo with garage. $13.5M. WEB# 11837606. Maria Pashby 212-906-9388 Joanna A. Pashby 212-906-9386 WEST VILLAGE TOWNHOUSE West Village. 4-floor townhouse that sits in a private street enclave and features an open-concept living area, beautiful oak floors, two fireplaces, and roof deck. $5.995M. WEB# 11480989. Craig Filipacchi and Jacques Foussard 212-452-4468 WEST VILLAGE RIVER VIEWS Perry Street. Sweeping Hudson River views from charming 1BR, 1 bath home. Spacious LR w/ wbfp and private terrace, sunlit BR w/ storage, chef’s kitchen. Full service Co-op. $1.15M. WEB# 11713391. Amanda Brainerd 212-452-4515 Simone Mailman 212-452-6209

Aldo M. Valmon Clarke

Brahna R. Yassky

Carol Cohen

Cindy Cigdem Gokay

Daniel G. Farris

Jennifer L. Ireland

Jill Seligson Braver

John Burger

Karen Shen

Levi Michaels

LIGHTHOUSE ON GARFIELD PL Brooklyn. 1891 Romanesque Revival brownstone in Park Slope luminously transformed in a 2-year-to-the-core renovation. Exceptional 4,200SF single family townhouse. $7.5M. WEB# 11996207. Joan Goldberg 212-452-4471

PRIME BEDSTUY BROWNSTONE Bedford Stuyvesant. Prime Victorian brownstone in tree-lined Stuyvesant Heights Historic District. Preserved original wood detailing throughout. Legal 4-family. $1.895M. WEB# 11460731. Siim M. Hanja 212-317-3670 Miriam S. Sirota 212-906-0531 Rudi Hanja 212-317-3675 PERFECTION ON PIERREPONT Brooklyn. Romantic 2BR, 2 bath prewar overlooking gardens. Quiet and charming. Great layout. Full service. Roof deck. Pied-aterre allowed. $1.2M. WEB# 11472434. Joan Goldberg 212-452-4471 2BR, 2 BATH W/ MANHATTAN VIEWS Prospect Heights. 15 flr 2BR, 2 bath Co-op. Renovated kitchen, builtins, generous closets, washer/vented dryer. FS bldg features gym, courtyard. Near subway, museum, park & more. $1.1M. WEB# 12062577. Wendy Stephenson 718-399-4149 LUX CONDO IN IDEAL LOCATION Downtown Brooklyn. Sunny South facing 1058SF resale. Huge MBR suite, 2nd BR/office, 2 full baths, Viking applcs, open living/dining/ kitchen. High ceiling, CAC, W/D, tax abatement. $1.095M. WEB# 12058423. Micha Hendel 718-858-2081

Lisa K. Lippman

Nancy J. Elias

Vicki Gershwin

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


CHELSEA

NEIGHBORHOODS

Housing costs

Running down the numbers Median January sale prices Studio 1 bed 2 beds > 3 beds

Median January rents

$590,000 $1,065,000 $2,500,000 $6,950,000

Studio 1 bed 2 beds > 3 beds

$3,271 $4,050 $7,430 $11,950

Source: StreetEasy

Fast facts

Weighty matters, crunchy snacks and swanky new digs 6

Time, in the morning, when CrossFit devotees at 257 West 17th Street start slamming weights. A judge recently booted the gym because of the noise.

$20

Coming soon

A new house for art

N

ot all galleries in the nabe are making way for upscale new condos. High-end gallery Hauser & Wirth, which represents artists like Mark Bradford and Louise Bourgeois, is expanding with a new Annabelle Selldorf-designed building in Chelsea. The gallery’s future spot on West 22nd Street Selldorf has renovated Hauser & Wirth venues in London, Zurich and the Upper East Side, but this is her first ground-up space for the gallery. The new venue will rise at 542 West 22nd Street between 10th and 11th avenues, opposite the Dia Art Foundation’s project space. Selldorf has designed three of Hauser & Wirth’s venues — in London, Zurich and on NYC’s Upper East Side. Her style has been described as “luxe minimalism.”

Developments

First-class mail

Price of the giardinia crudité for the table at Santina, the new eatery from the folks behind Torrisi

$11 million

Amount Dow Chemical chief Andrew Liveris paid for his new pad at the Walker Tower Source: The Real Deal, New York Observer, NY Daily News

Pricey digs

Chelsea homes for the whole family PRICE $9.2 million ADDRESS 449 West 24th Street TYPE/SIZE Townhouse; four bedrooms, three baths, one half bath; 4,073 square feet SERENITY NOW! The townhouse is on a quiet, tree-lined block, surrounded by a row of historic homes.

PRICE $7.8 million ADDRESS 545 West 20th Street #2B

TYPE/SIZE Condo; four bedrooms, three baths, one half bath; 4,017 square feet

Source: StreetEasy

48  Luxury Listings NYC  March/April 2015

DINNERTIME The chef’s kitchen includes an eight-burner Viking Range, custom cabinets and a marble slab island.

T

he United States Postal Service is hoping to cash in on the highend condo craze by selling the development rights for the Old Chelsea Station branch. The move would allow a builder to construct up to eight stories of condominiums on top of the existing two-story property. The post office would stay open, but as much as 6,000 square feet of the existing space would be allocated for a new lobby and possibly a gym. “They’re the ones that are going to decide, ultimately, what is going to be built there,” Gregory Lackey, a U.S. Post Office real estate asset manager, told DNAInfo.

Business

Something to tweet home about

T

witter is preparing to move into its new headquarters on West 17th Street. The social media company leased 140,000 square feet at 245-249 West 17th Street last year, but two sources told Crain’s that the company might already be looking to expand again. The company is said to be looking for 60,000 additional square feet. However, a spokesperson for Twitter denied the rumor in an email: “We’re looking forward to moving into the West 17th Street space and have no plans for further expansion at this time.”


Gorgeous CP Views- 3BR Condo on Fifth Renov, sun-filled 7 rm, crnr LR, crnr MBR + 2 add’l BRs, 3 enste bths, pwdr rm, top EIK, W/D, 3 WICs, FS prwr. $11.5M. Web #12018768. Cathy Taub 212-452-4387

Townhouse Living in an UES Boutique Condo

Stately 23 Foot Townhouse East 80th off 5th Avenue

Mint triplex w 4BRs, 3 bths, 2 pwdr rms. Grdn, patio, media rm, open chef’s kitch, fplc. Co-excl. $5.785M. Web #11334388. Patricia Weeks 212-585-4546

Landmark block. 5-story, 6BRs, 6+baths, 7 WBFPs, roof garden, original details w contemporary feel, light-filled, high ceilings, ample wall space, CAC. Residential/ commercial zoned. Co-excl. $21M. Web #12105695. Cornelia Eland 212-452-4384

Single Family House

Lux High-Rise 1BR, 1.5 Bath on W 52nd

Renov 3BR, 3 Bath on East 83rd off Lex

Gorgeous CP Views - Mint 3BR Condo

Overlooks Turtle Bay Gardens. Orig details. 17' wide, 38' landscaped garden, 5BRs, 3.5 baths, 5 WBFPs. $5.2M. Web #11996664. Julie Perlin 212-452-4373

Flr-to-ceil wndws, open views. Poggenpohl kit. W/D, CAC/heat. Tax abate/LOW mt. FS condo. $1.395M. Web #12126493. John Barbato 917-254-7630

LR & den/DR both w WBFPs & designer finishes, prwr dtls. Top kit, W/D, MBR w dress rm. FS co-op. $2.55M. Web #12062510. Lauren Zidel Rose 212-585-4558

Sun-flooded, crnr LR/DR, open EIK. Cust fin. 4 baths. Lndry. FS CPW bldg. $7.5M. Web #11827385. Valerie Artzt 212-585-4525/Cathy Taub 212-452-4387

Space, Views, Light & Location in Tribeca

2030 SF Co-op Loft on West 15th

McMillen Designed 1BR on East 72nd

Renov 2BR Condo in Prime Tribeca

Entire 16th flr, 4BR loft w city vus fr 4 expos. 67' grt rm, 5+ bths, media rm, study, chef’s kit, hg wndws. Drmn Condo. $17.5M. Web #12038306. Tracie Golding 212-452-4394

Open city views & sky, 12’ vaulted ceils, 38' LR/DR, huge chef’s kit, W/D, video security, key-locked elev. $3.25M. Web #12003081. Confidence Stimpson 917-991-9549

Hi flr renov open to west. Prewar FS drmn co-op. Guarantors, co-purch, pets ok. Gym, storage. $795K. Web #12069016. Victoria Ghilaga 212-452-4392

LR/DR/open kit, 11' ceils, top applis/finishes. W/D. Video sec. $1.1M. Web #12084680. Lee Ann Jaffee 646-613-2739/Steven Sumser 646-613-2741

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1) The legendary Cronut 2) Ansel and his signature creation 3) Other baked goods at Ansel’s Soho bakery 4) Ansel is also renowned for his canneles.

JUST DESSERTS

Cronut creator Dominique Ansel to unveil baked-to-order treats at new restaurant

T

unprecedented concept at the restaurant: desserts à he pursuit of affluent foodies has driven la minute on a $65 per-person tasting menu. many a chef into the West Village — and into “In Europe, most of the bakers will do a morning an expensive, knee-quaking lease. Now bake before the shop opens and place everything out Soho’s prince pâtissier, Dominique Ansel, in the case for the day. That’s the way it’s always been is opening a new space at 137 Seventh done,” Ansel explains. “But I thought to myself, we Avenue South, dubbed Dominique Ansel KITCHEN. used to just get coffee out of a thermos that had been Ansel first made his entrée into New York City’s brewed for hours, but now we want our espresso fresh culinary pantheon as the executive pastry chef roasted and fresh pulled. We want at Daniel, restaurateur Daniel our vegetables and fruits juiced Boulud’s flagship. There, Ansel to order. We want a sandwich that was part of the team that earned “We want our vegetables is assembled fresh. Why can’t we the restaurant its first four-star juiced to order. We want a do the same with desserts?” New York Times rating, three So does the all-things-madeMichelin stars and James Beard’s sandwich that is assembled to-order zeitgeist foretell the end Outstanding Restaurant of the fresh. Why can’t we do the of bakery cases? “I always say, Year Award in 2010. ‘time is an ingredient.’ And I really Yet Ansel is best known for his same with desserts?” believe it. Some things must be hysteria-inducing portmanteau —Dominique Ansel eaten fresh, and some things pastry, the Cronut — for which the actually taste better once they’ve street value reached $100 a pop had time to sit. It’s about knowing the difference,” back in 2013. The Cronut may have caramelized his Ansel said. “I think in the future, it’s about bakeries celebrity, but his latest effort has a whole new flavor. understanding which is best for which.” In other words: No more Cronuts. Ansel adds that he hopes to tell “stories” with his “We just believe in moving forward, that’s all,” food — and serve alcohol, too, as the tasting menu Ansel told Luxury Listings. “We love and appreciate will come with cocktail pairings. “We are hoping to the Cronut. But it’s about not letting the creation kill not just to touch your taste buds but your heart. We the creativity.” believe desserts, more than any other course, is the The new West Village restaurant-bakery, set to most emotional part of your meal,” he said. open sometime this spring, will feature a kitchen “So many of our current regulars live in the West nearly 20 times larger than in his famed Soho location. Village, so I’m sure we’ll see a lot of familiar faces,” Seating, on the other hand, has been reduced to a Ansel said. “A bakery, at the end of the day, is a place more boutique size of about 30 to 50 seats, inside for the neighborhood.” —Christopher Cameron and out. Most significantly, Ansel is testing out an

50  Luxury Listings NYC  March/April 2015


GREENWICH VILLAGE

NEIGHBORHOODS

Housing costs

Business

Running down the numbers Median January sale prices

Median January rents

$575,000 $1,137,500 $2,575,000 $8,610,000

Studio 1 bed 2 beds > 3 beds

Tempest in a coffee cup

Studio 1 bed 2 beds > 3 beds

$3,010 $4,300 $7,500 $11,900

Source: StreetEasy

Fast facts

neighborhood blog reported last month that Caffe Dante, a centuryNew home for gay bar, highold family business, had been sold, but owner Mario Flotta denied the A Even the café’s staff thought the eatery was on the verge of closing, priced condos and a tasty treat story. according to DNAInfo. But Flotta affirmed his plans to stay put. “We’re going to be here for awhile yet,” he told DNAInfo, insisting that there had 40 been no sale. Flotta attributed the rumor to a member of his waitstaff with

Roughly the number of years famed gay bar Boots & Saddle occupied its Christopher Street home. It’s relocating to 92-100 Seventh Avenue South.

a “big mouth.” Still, he’d consider a sale, “if the price is right,” he said. Controversy

An “appealing” decision

75%

Percentage of apartments at 200-unit condo complex Greenwich Lane that are under contract as of last month. Sale prices average about $3,500 per square foot.

$2.75

Price of a cookie at Milk & Cookies bakery at 19 Commerce Street Sources: DNAInfo, Crain’s, Milk & Cookies Bakery

Pricey digs

Swanky spreads in Greenwich Village

P PRICE $4.7 million ADDRESS 1 Fifth Avenue #10BC TYPE/SIZE Co-op; three bedrooms, three baths

rotesters opposed to NYU’s expansion plan were given the green light. According to DNAInfo, the New York State Court of Appeals will give opponents a chance to appeal a lower court ruling that okayed the development plans, which would create new buildings on two “superblocks.” The challengers argue that NYU doesn’t have the right to develop the cityowned sites. The Court of Appeals would be the final stop for challengers. Big deal

Prime penthouse

LOCATION, LOCATION Take in the views from the corner living room.

PRICE $14.99 million ADDRESS 29 East 10th Street #PH

TYPE/SIZE Condo; five bedrooms, seven baths; 4,270 square feet

Source: StreetEasy

52  Luxury Listings NYC  March/April 2015

BEST OF BOTH The “chic and unique” space offers the privacy of a townhouse and the proportions of a loft.

Billionaire RON BURKLE has put his five-bedroom penthouse, which Curbed called “the ultimate bachelor pad,” on the market for $37 MILLION. Located at 704 BROADWAY, the 8,000-square-foot condo was formerly the home of event space Sky Studios. It has undergone an extensive renovation since the supermarket mogul acquired it in 2007 for $17 million. According to the listing, the apartment features a 17th-century Dutch Tudor working fireplace, a 25-foot outdoor swimming pool, a mahogany-paneled library and a great room with 17-foot ceilings.


K2 Realty is one of the leading luxury real estate firms in all of South Florida. With a talent for locating unique properties for discerning buyers, K2 Realty’s results speak for themselves with record breaking sales in sophisticated and exclusive communities like Lost Tree Village, Seminole Landing, and Palm Beach. This unparalleled ability to match their global network of buyers with extraordinary properties in the Palm Beach area has led to the agency becoming one of South Florida’s top go-to real estate firms. Constantly striving to exceed clients’ expectations, the real estate professionals at K2 Realty R E A L T Y will always be fully committed to providing exceptional real estate K 2 JAMES KENNY • PAUL KANEB service to their clients.

LOST TREE VILLAGE 11610 TURTLE BEACH ROAD NORTH PALM BEACH 110 FT OF OCEAN FRONTAGE 1.05 ACRE LOT | 5BR/5BA

LISTED FOR $13.5M JUST SOLD

SEMINOLE LANDING 12378 INDIAN ROAD NORTH PALM BEACH SPACIOUS HOME SET ON 1.33 ACRES 3BR/3.5BA | 2.70M

CAPTAINS KEY 12132 CAPTAINS LANDING NORTH PALM BEACH PRIVATE DOCK AND LITTLE LAKE WORTH VIEWS 0.65 ACRES | 2.195M

11676 US HIGHWAY 1 | NORTH PALM BEACH, FL 33408 | 561.691.1223 | WWW.K2-REALTY.COM


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1) 60 Thompson, which has been rebranded as Sixty Soho 2) A room at the Mondrian Soho 3) The 46-story Trump Soho 4) Designer Tara Bernerd

SOHO HOTEL SHUFFLE Massive makeovers and big bankruptcies could create the ultimate staycation spots

H

So what does all that backroom theater mean for otels are high drama in Soho. The the future of the hot hotel? Well, there’s no word yet neighborhood’s ritzy hotel scene recently if A-listers like Kanye West, Blake Lively and Britney witnessed a massive rebranding effort, Spears will have to find a new place to party. For a major ownership shake-up and a now, the 270-room tower will continue to cater to the brand-name foreclosure. But none of rich and famous. Nevertheless, watch for possible that is bad news for those in need of an opulent changes to come. staycation — sumptuous redesigns, more keys and Finally, the Trump Soho, after being seized in a conspicuously chic suites are all in the cards. foreclosure amid beleaguered condo sales, may In January, Sixty Soho opened in the former 60 soon drop its residences completely, according to Thompson. The rebranding is the flagship effort for Bloomberg Businessweek. The financially troubled Sixty, a burgeoning luxury boutique-hotel brand, 46-story, 391-unit tower at 246 Spring Street operates according to the Telegraph. Sixty tapped British under a condo-hotel model that interior designer Tara Bernerd, limits owners to occupying their who handled the overhaul of the Trump Soho, after being apartments for 120 days a year — a Belgraves in London, to develop the by-product of the neighborhood’s hotel’s aesthetic. seized in a foreclosure residential zoning laws. But the Bernerd told the Telegraph that amid beleaguered condo building’s new owner, the CIM she has designed an interior for Group, is considering giving Sixty that references New York sales, may soon drop its up on the remaining unsold City’s global character. “I wanted residences completely. condos — roughly two-thirds of to create a home from home the units — to embrace a more that brings a little bit of Europe — traditional hotel model, Gary Schweikert, the building’s Parisian chic, a taste of Milan, a bit of Britain — into the managing director, told Businessweek. melting pot of downtown Manhattan,” she said. “It’s a “The highest and best use for this property, given real homage to all those people from different cultures the record visitor numbers in New York City and the around the world who visit and live in New York.” zoning restrictions in that neighborhood, would be Meanwhile, the Mondrian Soho at 9 Crosby to use it as a straight-up hotel,” said Jonathan Miller, Street has experienced a major ownership shake president of New York–based appraisal firm Miller up. In January, The Real Deal reported that the Sapir Samuel. And although no timeline for the building’s Organization won the hotel for $200 million at a transformation has been announced, more keys in foreclosure auction. “Nobody else showed up with a the neighborhood is positive news for consumers.  check,” said Robert Weigel, an attorney representing —Christopher Cameron lender German American Capital Corporation.

54  Luxury Listings NYC  March/April 2015


MANHATTAN | BROOKLYN | QUEENS | LONG ISLAND | THE HAMPTONS | THE NORTH FORK | RIVERDALE | WESTCHESTER/PUTNAM | ASPEN | LOS ANGELES | FLORIDA

FIRST OFFERING - 9 ROOM CONDO WITH CENTRAL PARK VIEWS 15 West 53rd Street $12,500,000 | Bring your architect to create a spectacular residence. This 9-room home, comprised of an A & B unit, totals over 4,200 sf (approx.). Situated on a high floor with open exposures to the north, east and south there are exceptional views of Central Park and the city skylines. There are 4 full baths and 2 half baths. Located in Museum Towers, a full-service, white-glove condominium. Web# 1994370. Abigail Boucher, O: 212.303.5313; Daniela Kunen O: 212.891.7611

NEW TO MARKET – 7 ROOM ON PARK AVENUE

MINT DUPLEX PENTHOUSE AT “1185” – RIVER AND CITY VIEWS & ENORMOUS TERRACE | 1185 Park Avenue, Penthouse | $24,950,000 This elegant home features a dramatic gallery with a 24 ft domed ceiling and personal elevator landing. First floor – Grand living room with wood burning fireplace, formal dining room, corner master suite, 3-4 additional bedrooms, library, chef’s kitchen and breakfast room. At the top of the staircase is a skyroom with a working fireplace, powder room, palatial terrace and many more fine, dramatic features. Co-exclusive. Web# 1644469.

OPPORTUNITY TO CRAFT A FABULOUS 4-5 BEDROOM

850 Park Avenue | $3,795,000 | This rarely available, 7 room retains its original layout and prewar detail. Off of the shared elevator landing you step into the generous gallery leading to a spacious living room with wood burning fireplace and banquet sized dining room. The bedroom wing contains a large master bedroom with en-suite bath and a large second bedroom with bath. Rounding out this home is an eat-in kitchen, butler’s pantry and 2 staff rooms with an additional bathroom. Web# 2036659.

120 East 81st Street | $5,195,000 | Bring your designer and create the 4 or 5-bedroom home of your dreams. A balcony, flexible floor plan, generous room sizes, nice light and views provide the excellent bones for this opportunity. The apartments are already combined. All that is needed now is for you to bring your designer. Located in a full service coop. Web# 1930592. Daniela Kunen O: 212.891.7611; Jordan Hoch, O: 212.769.9857; Wesley Stanton, O: 212.362.9600

MEDICAL PRACTICE SPACE ON 5TH AVE

SPACIOUS 1 BEDROOM, 1.5 BATH AT MUSEUM TOWER

1060 Fifth Avenue | $975,000 | An incredible opportunity to establish your medical practice in an elegant, prewar building. This corner office with a Fifth Avenue entrance is configured with a waiting room, reception office, 2 offices, 3 exam rooms, a utility room and 2 powder rooms. Major Fifth Avenue frontage and many prewar details remain. Web #1890354. Liz Nelson, O: 646.483.2951

15 West 53rd Street | $2,250,000 | This fabulous 1-bedroom apartment located in the iconic Museum Tower Condominium offers a spacious living/dining room, an oversized bedroom, a large kitchen, generous closets, 1.5 baths and excellent light and views to the north and west. Web# 1994367. Abigail Boucher, O: 212.303.5313 Daniela Kunen, O: 212.891.7611

DANIELA KUNEN LIC. ASSOC. R. E. BROKER | O: 212.891.7611 | DKUNEN@ELLIMAN.COM

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 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.


SOHO

NEIGHBORHOODS Housing costs

Running down the numbers Median January sale prices Studio 1 bed 2 beds > 3 beds

$1,529,750 $1,745,000 $3,250,000 $6,533,500

On the market

Puck yeah!

Median January rents $3,200 $5,498 $10,250 $16,000

Studio 1 bed 2 beds > 3 beds

Source: StreetEasy

Fast facts

Smashing looks, a new shopping destination and a posh penthouse 10 x 15

Size, in feet, of a mirror at Balthazar that fell on the head of France’s former minister of industrial renewal last month

22,000

T

he top-floor duplex at the Puck Penthouses has hit the market asking $66 million. The 7,241-square-foot, six-bedroom penthouse (with 5,158 feet of outdoor space) is one of six units that sit atop the landmarked Puck Building at 295 Lafayette Street. Historic details like barrel-vaulted ceilings have been updated with modern amenities such as an outdoor hot tub with an Empire State Building view, the Wall Street Journal reported. Business

Boutique boom

Size, in square feet, of the new Michael Kors flagship at 520 Broadway — the largest in his empire

$45 million

Asking price for the newly listed penthouse at 10 Sullivan Street Sources: NY Post, Nasdaq, The Real Deal

Pricey digs

Fully Furnished Soho rentals

A

fter opening its first U.S. boutique last month in Los Angeles, Italian fashion house Moschino is expanding its operations, with plans for a Soho storefront. Moschino signed a lease for a 3,700-square-foot space at 73 Wooster Street and plans to open in the spring. The building was originally built as a four-story garage in 1929, the Fashion Times reported. Celebrity watch

Bank(s) withdrawal

PRICE $32,500/month ADDRESS 102 Prince Street #2

TYPE/SIZE Three bedrooms, three baths, one half bath; 4,500 square feet

FUTURISTIC FIXTURES This full-floor unit features a Lutron lighting system, central audio/video systems and heated floors. PRICE $18,000/month ADDRESS 498 Broome Street #2NDFL TYPE/SIZE Rental; one bedroom, two baths; 1,300 square feet POP ART This loft is decorated with Pepto Bismol-pink chairs and a vintage Coca-Cola vending machine.

Source: StreetEasy

56  Luxury Listings NYC  March/April 2015

TYRA BANKS’ Soho apartment must be making her “smize.” The host of “America’s Next Top Model” is looking to sell her twobedroom unit at 225 LAFAYETTE STREET for $3.8 MILLION, according to the New York Daily News — and now the unit is under contract, according to StreetEasy. Banks bought the pad in 2005 for $2.1 million. Her loft is 2,000 square feet and has panoramic views of Downtown and Midtown Manhattan as well as a chef’s kitchen and large windows.


Town Residential LLC (“Town�) is a licensed real estate broker and a partnership of Buttonwood Residential Brokerage LLC and Thor Equities, LLC. Town O: 212.398.9800. Debra Stotts is a licensed associate real estate broker with Town Fifth Avenue LLC. Town Fifth Avenue LLC is a subsidiary of Town and a licensed real estate broker. O: 212.242.9900


1 4

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1) Hudson River Park helped spark the remaking of Manhattan’s West Side. 2) A walkway along the park 3) Pier 26 4) A detail of the pier

WATER WORKS

A planned environmental center on Pier 26 will encourage New Yorkers to get back to nature

T

The Hudson River Park Trust, which oversees the oday Tribeca is best known for fancy resplanning and development of the waterfront park, taurants, chic boutiques and, of course, received approximately $10 million toward the Estuluxury condos. But the latest hip thing arium’s design and construction. Five million dollars coming to Tribeca is actually a throwwere donated by the Port Authority; $4 million came back that predates the locale’s upscale from the Department of Environmental Conservation; attractions, and we’re not talking about factories: plus a $335,000 grant from the Department of State, We’re talking about nature. with an equal amount from the Trust. A new, state-of-the-art environmental center is Construction on the approximately 12,000-squareplanned for the far end of Pier 26, located between foot space is expected to begin in 2017. The center North Moore and Hubert streets. The Hudson River will be equipped with sophisticated instruments to Park Estuarium, as it’s known, will promote in-depth study the marine ecosystem and discovery of the area’s unique ecoits main focus will be education: system: the Hudson River estuary. Interactive classrooms, wet labs, The center is the latest develop- “The Estuarium will inspire guided tours, exhibits and en plein ment in a complete remaking of the people’s curiosity about air activities along the pier. While West Side shoreline, an ambitious the Hudson River.” lectures will address important urban renewal project that has — Margaret Honey, president/CEO, topics such as climate change, been underway since 1999. Today, New York Hall of Science the ultimate goal is to engage and Hudson River Park stretches along educate the community, fostering four miles on Manhattan’s West awareness and appreciation for the river as an Side, making it the longest waterfront park in the important part of Tribeca’s urban landscape. country. Amenities include restaurants, boathouses, Clarkson University, based in Potsdam, N.Y., was dog runs and award-winning landscape designs. selected to oversee the facility and lead a consortium Over the past 10 years, the park has spurred $3 billion of partners, including the New York Hall of Science and in construction at 94 buildings in the area, according the Hudson River Sloop Clearwater, which advocates to its web site. for the river, in the Estuarium’s day-to-day operations. The park recently made headlines when billionaire “The Estuarium will inspire people’s curiosity Barry Diller unveiled plans for a futuristic, $170 million about the Hudson River and make people more floating park and performance venue known as Pier mindful of the complex relationship between 55, which will replace the decrepit Pier 54. Overall, our city and the waters surrounding us,” said Hudson River Park is now about 70 percent complete, Margaret Honey, president and CEO of the Hall of according to the New York Times, and plans for Pier Science. —Lucia De Stefani 26 will nudge the project toward completion.

58  Luxury Listings NYC  March/April 2015


custom glass lighting & dĂŠcor


TRIBECA

NEIGHBORHOODS

Housing costs

Running down the numbers Median January sale prices Studio 1 bed 2 beds > 3 beds

Nabe news

No, boo!

Median January rents

N/A $1,597,500 $3,075,000 $7,450,000

Studio 1 bed 2 beds > 3 beds

$3,345 $5,100 $9,500 $14,000

Source: StreetEasy

Fast facts

New beds, new eats and living near pop royalty 100 Number of new rooms coming to the Smyth Tribeca hotel in the first quarter of this year

N

eighborhood legend Nobu — one of the city’s most iconic restaurants and a linchpin in the development of Tribeca — will move out of its longtime home at 105 Hudson Street in early 2017. Nobu will open a 14,300-square-foot new location at 195 Broadway in FiDi, according to the New York Post. The restaurant will occupy a much larger ground-floor space on the Fulton Street side and part of the lower level than the current location for Nobu and its sister restaurant, Nobu Next Door.

110

Number of seats at the new Franklin Street location of Bridgehampton-based restaurant Almond

$6.7 Million

The cost of a newly listed condo at 195 Hudson Street, the building that’s home to Jay Z and Beyonce Sources: Hotel Chatter, Women’s Wear Daily, Curbed

Pricey digs

Classic co-ops in Tribeca

Strange happenings

Tribeca in Dubai

T

ribeca is officially hip enough to export itself as a brand. A new farm-to-table healthy eating spot, dubbed TR!BECA Kitchen and Bar, has opened in the Jumeirah Beach Residence, a mile-long waterfront community in Dubai. “It’s simple,” the restaurant team told What’s On. “Dubai does not have an urban chic spot that offers organic food and beverage options coupled with home-grown entertainment in a lounge bar environment.” The restaurant will hold around 400 diners inside and out when full.

Celebrity watch

One loft to rule them all

PRICE $11 million ADDRESS 105 Hudson Street #11S

TYPE/SIZE Three bedrooms, three baths, one half bath; 3,000 square feet

DECK YEAH! The corner penthouse has a 3,300-squarefoot roof deck.

PRICE $3.9 million ADDRESS 137 Franklin Street #1/2 TYPE/SIZE Co-op; two bedrooms, two baths, one half bath; 2,700 square feet OLD MEETS NEW This custom-built maisonette triplex blends classic New York City architecture with sleek modern design. Source: StreetEasy

60  Luxury Listings NYC  March/April 2015

Actor ORLANDO BLOOM has put his Tribeca loft on the market for $5.5 MILLION, after buying it less than a year ago. The star of “The Hobbit” and “Pirates of the Caribbean” bought the three-bedroom unit at the Sugarloaf Warehouse at 155 FRANKLIN STREET — where Taylor Swift also bought a home — in June for $4.9 million, according to 6sqft. The unit includes exposed brick walls, an open chef’s kitchen, woodbeamed ceilings and original cast iron columns throughout the loft, according to the website.


Gracious Spaces with Grand Views

7 West 96th Street: Pre-war Perfection! 3 bedroom, 4+ bath, perfectly situated across from Central Park with peaceful treetop views overlooking the Park to the East and the NYC skyline to the South. Gracious layout also includes a dining room and 2 sun rooms. Offered at $2,495,000 Howard Morrel Team 212-956-4823

146 West 57th Street: A Home in the Sky — Rarely available 2 bedroom, 2.5 bath duplex at Metropolitan Tower. Floor-to-ceiling windows facing south and west offer lovely sunshine throughout the day and sparkling skyline views at night. Offered at $2,495,000 Howard Morrel Team 212-956-4823

Engel & Völkers NYC 430 Park Avenue · 11th Floor · New York · NY 10022 · USA · Phone +1-212-616-7600 nyc@evusa.com · nyc.evusa.com

©2014 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.


1 5

GAME CHANGER

2 4

3

1) Eran Chen of ODA Architecture 2) 100 Norfolk 3) The doubleheight lobby at 100 Norfolk 4) A historical photo of the Henry Street Settlement 5) The Blue Condominium, built in 2007

Architect Eran Chen’s take on the reinvention of the Lower East Side

I

Side. Only three of the 1820s homes remain; the rest f you look at Manhattan, the Lower East Side were lost to gargantuan “tower-in-a-park” style housing and the East Village are a bump in the shape of projects from the 1950s — a model that has proven to the island,” said ODA Architecture founder and be “the worst style of urban development,” Chen said, executive director Eran Chen, pointing to a map in echoing a wide consensus among urban planners. his Park Avenue South office. “That’s interesting, Half a mile away, Chen stops the car at the Eldridge because otherwise the island is pretty linear … It may Street Synagogue at 16 Eldridge Street. The once sound prosaic, but the fact that these neighborhoods predominately Jewish neighborhood has been are outside the grid has greatly influenced their swallowed by an expanding Chinatown, and the latedevelopment over the years.” 19th century Moorish Revival structure now stands as Chen’s interest in Lower East Side isn’t casual a testament to the waves of immigrants drawn to an curiosity. Chen has recently laid his own brick into affordable slice of the city. the story of an ever-transitioning The last stop was the Blue neighborhood in the form of a “It’s a passageway for Condominium, a 16-story luxury cantilevered, glass-box building building at 105 Norfolk. Built in currently under construction at young ‘Brooklynaires’ 2007, the tower “was the first 100 Norfolk Street. back in the city.” modern out-of-scale building Of the eight projects Chen built near Delancey,” Chen said. has designed in the city — he —Eran Chen “The rectangular area behas another 15 projects under tween Delancey and Houston, construction, plus 17 in the and Forsyth and the Baruch Houses, has been cool design phase — 100 Norfolk is the first that he will call for a very long time,” Chen said. “All of the new luxury home. Although he lives with his family on the Upper developments in the Lower East Side have been built West Side, Chen is keeping a two-bedroom corner unit north of Delancey and within that zone.” as a getaway. But that’s set to change as developers chase Luxury Listings asked Chen to take us on a tour deals southward. Sandwiched between Soho and of his new ’hood. From the backseat of a black town Williamsburg, the area is caught in a cross-stream of car, he identified a few emblematic developments that affluence. “The Lower East Side is poised to become serve to contextualize both the volatile history and the one of the most attractive areas in the city,” Chen said. upwardly mobile future of the LES. “It’s a passageway for young ‘Brooklynaires’ back in Our first stop: The Henry Street Settlement, a row the city.” — Christopher Cameron of Greek-revival townhomes that have operated as a not-for-profit social service agency since 1893. For a more detailed look at Chen’s tour of the LES, please visit llnyc.com The buildings are also notable as the site of the first settlement of German immigrants in the Lower East

62  Luxury Listings NYC  March/April 2015


NEW YORK GREATS

HISTORICAL PALATIAL 1857 MANSION ON THE PROMENADE

GRAND DUPLEX PARK VIEWS

Brooklyn Heights/3 Pierrepont. Like no other brownstone home in size, style, or stature. Approximately 1,800 SF internally, and situated on a 9,000 SF lot with unobstructed views. $40M WEB# 3402369 Vicki Negron 718.923.8020

1 Central Park South. Create the home of your dreams at the Plaza Residences. With over 4,350 SF in total the possibilities are endless. Duplex with park views from every room. $25.5M WEB# 3332318 Bernice Leventhal 212.937.1699, Sarah Thompson (m) 917.523.3419

TOWNHOUSE TREASURE

SEVENTEEN ROOM 12,000 SQUARE FOOT MANSION

147 E 63rd St. 5-story mint condition elevatored TH. 10 rms, 5 bedrooms, 5 & 2 half baths. 2 fireplaces, 2 terrs, and a landscaped garden. N/S expos. Central A/C. 5,800 SF. Co-excl. $10.75M WEB# 3376088 Deborah Grubman 212.836.1055, David Dubin 212.605.9287

Fieldston/Riverdale. Old world craftsmanship, state of the art amenities, indoor pool, gym, elevator, garage, professional kitchen, heated driveway, 6+ bedrooms, 6+ baths. $7.95M WEB# 3381394 Paul Cole & Kelly Cole (m) 646.831.7113

PRIME CENTRAL PARK SOUTH DUPLEX

PRIME SOHO LOFT

CPS. Oversized view 2 BR/3 bath + office. Chic master LR & DR all overlook Central Park. Kit designed by a chef. Flex bldg permits foreign purchase, rentals & pieds-a-terre. Low monthlies. $6.75M WEB# 3409642 Lydia Sussek 212.893.1434

Crosby St. Stunning 3 bedroom/2 bath + den and home office. Reno full floor elevator co-op loft with open kitchen, central A/C and heat. High ceilings and W/D. Maint $1,531/mo. $3.995M WEB# 3408971 John Gasdaska 212.821.9138, Jonathan Conlon 212.508.7162

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


LES/EAST VILLAGE

NEIGHBORHOODS

Housing costs

Running down the numbers Median January sale prices Studio 1 bed 2 beds > 3 beds

Median January rents

$574,000 $699,000 $1,897,500 $3,300,000

$2,575 $3,450 $3,500 $5,000

Studio 1 bed 2 beds > 3 beds

Source: StreetEasy

Fast facts

Bargain brie, a rapid sellout and seriously low rent $1

The occasional cost of a wedge of brie at East Village Cheese at 40 Third Avenue, which will close this summer due to a Duane Reade expansion

Transit

Next stop: Wall Street

T

he Lower East Side is set to see a new ferry service by 2018. The new service will be knitted into the existing East River Ferry service, which connects Manhattan, Brooklyn and Queens, and will be run and funded by the city, according to the Villager. De Blasio said ferry rides will cost the same amount as a MetroCard swipe. The Lower East Side ferry will feature a stop at Grand Street. From there, passengers could ride the waves one stop to Pier 11 and Wall Street.

Nabe news

A most eggcellent venue

2

Amount of time, in months, it took condos at the former “rat castle” at 179 Ludlow Street to sell out

$872

Monthly rent paid by the Rent Is Too Damn High party leader Jimmy McMillan for his rent-stabilized apartment on St. Marks Place. He faces eviction. Sources: Gothamist, The Real Deal

Pricey digs

Bohemian townhomes in the East Village

A

mural of King Henry VIII and Tudor-inspired cocktails are on offer at BonBonnière, the new nightclub in the basement of the Hotel Chantelle at 92 Ludlow Street. The outpost of the London venue is “inspired by the Fabergé egg,” which apparently means mirrored walls, LED-lit ceilings, and a giant Fabergé egg as the DJ booth, according to Hotel Chatter. Tudorinspired cocktails include the King Henry (rye whiskey, Benedictine, orange blossom liqueur, lemon bitters) and the Libertine (gin, cucumber, saffron liqueur and lime).

Business

Cookin’ by the book

G PRICE $8.3 million ADDRESS 4 East 2nd Street

TYPE/SIZE Four bedrooms, four baths; 5,926 square feet

BUILD IT Currently four units, this quirky townhouse will be delivered vacant and renovation ready. PRICE $6.95 million ADDRESS 526 East 5th Street TYPE/SIZE Five bedrooms, four baths, two half baths; 5,200 square feet STAR POWER Annabelle Selldorf designed these digs.

Source: StreetEasy

64  Luxury Listings NYC  March/April 2015

ood news for chefs on the East Side: Bonnie Slotnick Cookbooks has officially opened in the East Village. Slotnick, whose shop had long been a West Village staple, moved her vast collection of used cookbooks into a space in a brownstone at 28 East Second Street late last month. “If only I’d been able to wave a magic wand and say, ‘Bookshelves on every wall, please, and try to keep it under $50K per wall,’” Slotnick wrote of the months-in-the-making move on her website. “But that’s not how I (bank)roll, so beloved contractor James salvaged every scrap of shelving from the old shop and has now jigsaw-puzzled it into the new space, along with plenty of new shelves, because the new space is bigger!”


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1 4

2 3

1) A sports bar at Latitude 360’s Jacksonville, Fla. location 2) The exterior of 15 Broad Street 3) An interior at 15 Broad Street 4) The condominium has a 5,000-squarefoot roof terrace.

WORK & PLAY

A massive “luxury” entertainment complex set to open on Wall Street

A

ments … they’re not just people who go to Cheesecake giant, 110,000-square-foot entertainment Factory,” resident Lynne Seid told DNAInfo. complex — with bowling lanes, a fineBut Brown told Luxury Listings he met with local dining restaurant, a casual café, office space and an arcade — is set to arrive in residents again after the first meeting and expressed the city. If it sounds Times Square-worthy, his will to be “a good neighbor.” For example, Brown it is — though this venue is slated to open on Wall Street. said this outpost of Latitude 360 will reflect its urLatitude 360, which has three locations in the ban environment. Far from having chain-like cuisine, U.S. (Indianapolis, Jacksonville and Pittsburgh), is Brown said the menu will feature healthy, fresh food. making its first foray into the Big “There will be rotating menu items Apple. “New York is lacking multifrom the chefs that New Yorkers Owners at 15 Broad “are purpose, mixed-use, upscale spacare familiar with,” he said, addes like this, that really target the not just people who go to ing that he plans to have celebrity adults,” said CEO Brent Brown. “We chefs train the executive staff on Cheesecake Factory.” are a very unique, one-of-a-kind signature dishes. Entertainment restaurant concept, where we comwill also be New York City–style: — resident Lynne Seid bine upscale casual dining with live There are spaces for comedians entertainment.” and artists to hold live perforBut while Latitude 360 seems to have it all, not mances and exhibitions. everybody is happy about it. FiDi residents loudly The Wall Street location will also be more high-end voiced their concerns at a Community Board meeting than other Latitude 360 locales. “It’s in the finishing held at the beginning of the year. According to DNAInfo, level that we’re really gonna step up big time in New tenants consider the new hub out-of-place in the York,” he said. “It’s in the furniture, in the floor covering, area. “This concept does not belong in a mixed-use the waterfall walls, the fixtures, the audio and video neighborhood,” said a resident. technology that is really upscale.” At issue, in part, is the complex’s address at 23 Wall But, then again, tourists might enjoy the place more Street, a historic landmark at the corner of Wall and than anyone else. “They will love us,” Brown said. Broad streets, opposite the New York Stock Exchange. “There is no place for these folks to hang out on Broad The building is attached to the high-end, high-rise Street. It would a perfect venue for them.” residential condo 15 Broad Street, better known as Three more locations — in Brooklyn, Midtown and Downtown by Starck. According to StreetEasy, units Jersey City — are in the pipeline. “We are very heavily currently on the market range from an alcove studio focused on New York because we want to be a [talent] asking $975,000 to $2.4 million for a two-bedroom, platform, and there is more talent in New York than evtwo-bathroom. “These are multimillion [dollar] aparterywhere else in the world,” he said. —Lucia De Stefani

66  Luxury Listings NYC  March/April 2015


NEIGHBORHOODS Housing costs

Running down the numbers Median January sale prices Studio 1 bed 2 beds > 3 beds

Median January rents

$715,000 $1,250,000 $2,250,000 $4,775,000

Studio 1 bed 2 beds > 3 beds

$2,957 $3,926 $5,750 $7,500

Source: StreetEasy

FINANCIAL DISTRICT

Developments

Condo conversion

F

iDi’s population is set to grow, again: Yet another Financial District office tower is going residential. Permits have been filed to transform 180 Water Street into 601 condo units. The developer, Emmes Asset Management, bought the 25-story tower in 2013. Aside from ground-floor retail, the building will be residential, with 20 apartments per floor. The building’s height will also increase, from 25 stories to 32.

Fast facts

Top dogs, water damage and a population explosion 1

Popularity ranking of the French Bulldog — the most popular pooch in the Financial District, according to the American Kennel Club

600

Approximate number of guests evacuated last month from the Holiday Inn Financial District after a water pipe burst

14,000

Number of residents in Lower Manhattan in 1995. There are now 62,000. Sources: NY Post, NBC New York, New York Press

Strange happenings

No-Euro zone?

E

uropean investors are cashing out in the Financial District as the Euro weakens and apartment prices in the area hit an all-time high. Many European investors bought their units after Lehman Brothers crashed in 2008, the New York Daily News reported. Since then, the average price of an apartment in the area has increased to more than $1 million in the fourth quarter of 2014, and the average price per square foot in the area rose 11 percent since 2013 to $1,192. “I have about 20 exclusives on the market right now that are all owned by Europeans,” luxury broker Richard Nassimi told the Daily News. “They would be out of their minds not to sell.”

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LISTINGS

Hamptons

Premier

Properties

950 Ocean Road in Bridgehampton

$12,950,000

House (8,000 sf): 6 beds, 7.5 baths | Amenities: South of Highway, Pool Traditional architecture meets updated style in this Bridgehampton South estate, just a short distance from world-famous beaches. It was designed and custom built by master builders Fountainhead Construction. A two-story foyer is anchored by a paneled library and a private corridor to the first-floor junior master suite. Listed at Bespoke Real Estate by Zachary Vichinsky, 631-500-9030, zachary@bespokerealestate.com.

249 Jobs Lane in Bridgehampton

$12,900,000

House (9,000 sf): 8 beds, 10.5 baths | Amenities: South of Highway, Pool This new-development project in Bridgehampton South is situated on one of the most desired streets in all of the Hamptons. It is prominently sited on a rectangular, hedge-lined parcel with stunning water views. The East End Builders’ project also features an open layout and high-end amenities. Listed at Bespoke Real Estate by Zachary Vichinsky, 631-500-9030, zachary@bespokerealestate.com.

68  Luxury Listings NYC  March/April 2015

Log on to www.LLNYC.Com to view more listings.


M od e r n L u x u r y Tr ad ition a l E l e g a n ce

P EN T H O USE D UP LEX Offering Riverside Park and Hudson River views this spectacular 2 full floor penthouse with private keyed entry, features 4 bedrooms and 4.5 bathrooms and provides you the opportunity to join the stunning West Side skyline. Detailed with the finest accoutrements, the penthouse features custom-designed kitchen cabinetry and state of the art appliances from Bertazzoni, Blomberg, Marvel & Liebherr. The penthouse provides ample space for entertaining including an airy living room complete with wetbar, two balconies, and two rooftop terraces finished with stone pavers and an outdoor fireplace. • 4 B e d ro o m s / 4.5 B a t hroom s

• We t B ar

• I n t e r i o r - 3,146 Sq ua re Feet

• De sign e r Appl ian ce s

• E xt e r i o r - 734 Sq ua re Feet

• Mu l t iple F ire place s

• Tw o R o o f top Terra c es

• P re - W ire d F o r S mar t Ho me S yst e m

• Tw o B a l coni es

• Wash e r / Dr ye r

$ 7, 900, 000

E st . CC : $3, 252

E st . RET $5, 745

K E YA H E N TER PR I SE S

E X C L U SI VE RE A L E STATE B RO K E R 732 WEST END AV E NUE , NE W Y O R K, NY

P : 844- W E ST- 732

CONTACT: M ICHE LLE BLAKE C: 347- 386- 0107

732W E A.CO M

SALE S@ 732W E A.CO M


LISTINGS

NYC’s

Premier

Properties

$1,550,000

5 Beekman Street, 20C in the Financial District Condo (703 sf): 3 rooms, 1 bed, 1 bath | Amenities: Garage, Health Club | Common Charges: $975 | RE Taxes: $941

This is a light-filled, east-facing residence with floor-to-ceiling windows. It is appointed with a mahogany entry door, solid oak flooring and a marble and limestone bathroom. Configured with an open living and dining concept, the kitchen is designed with custom cabinetry, Madreperola countertops and appliances by Miele. Listed at Douglas Elliman by Fredrik Eklund, 212-727-6158, feklund@elliman.com.

277 East 7th Street, 2 in Greenwich Village

$1,550,000

175 West 95th Street, 26G on the Upper West Side

$1,555,000

Condo (1,300 sf): 4 rooms, 2 beds, 2 baths | Amenities: Balcony, Elevator, Outdoor Space | Common Charges: $874 | RE Taxes: $368

Condo (962 sf): 4 rooms, 2 beds, 2 baths | Amenities: Garage, Fitness Room, Laundry Room | Common Charges: $1,113 | RE Taxes: $453

This condo spans its own floor and features a private elevator. A grand living room boasts 12 feet of southern-facing windows. Wide-plank, white oak flooring graces the entire apartment. Listed at Nest Seekers International by Bryan Atienza, 646-443-3705, bryana@nestseekers.com.

This redesigned, high-floor corner apartment has dramatic skyline views from every room. Listed at Corcoran by the 175 West 95th Sales Center, 646-780-8000, info@corcoran.com.

70  Luxury Listings NYC  March/April 2015

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LISTINGS

NYC’s

Premier

Properties

$1,950,000

25 Prince Street, 3A in Nolita Condo (723 sf): 3 rooms, 1 bed, 1 bath | Amenities: Garage, Health Club | Common Charges: $637 | RE Taxes: $584

This condo is located in a high-end building that features a classic design, which melds with the architectural milieu of the Nolita triangle. Staircase walls, black-painted moldings, raised paneled millwork, paneled windows and rich walnut herringbone typify the roguish sophistication of the neighborhood. Listed at Douglas Elliman by Fredrik Eklund , 212-727-6158, feklund@elliman.com.

$1,985,000

212 Warren Street, 18A in Battery Park City Condo (1,272 sf): 4 rooms, 2 beds, 1.5 baths | Amenities: Bike Room, Fitness Room, Laundry Room | Common Charges: $1,397 | RE Taxes: $1,699

Residence 18A is a light-filled condo with an oversized living area. This home has eastern city views over Teardrop Park, a two-acre green space considered one of the most beautiful newly-landscaped parks in New York City. Listed at Corcoran by the River & Warren Sales Center, 212-888-0076 , info@corcoran.com .

Log on to www.llnyc.com to view more listings.

Luxury Listings NYC  March/April 2015

71


LISTINGS

NYC’s

Premier

Properties

241 West 107th Street, 2nd floor on the Upper West Side

$2,200,000

Condo (1,550 sf): 5 rooms, 3 beds, 2 baths | Amenities: Rooftop Deck, Private Storage | Common Charges: $1,175 | RE Taxes: $718 This sprawling, second floor unit is a floor-through apartment, designed to balance contemporary luxury with natural warmth. Listed at Douglas Elliman by Hagay Azoulay, 212-321-7150, hazoulay@elliman.com.

15 Renwick Street, 703 in Soho

$2,500,000

Condo (1,073 sf): 4 rooms, 2 beds, 2.5 baths | Amenities: Garage, Garden, Fitness Room | Common Charges: $1,697 | RE Taxes: $1,115 Residence 703 at 15 Renwick features eastern views and an efficient layout with an open-flow living room and oversized windows throughout. The Italian-made Poliform kitchen features walnut cabinets, stainless steel countertops with integrated Foster sink and gas cooktop. Listed at CORE by the 15 Renwick Sales Office , 212-358-1515 , info@15renwick.com .

72  Luxury Listings NYC  March/April 2015

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LISTINGS

NYC’s

Premier

Properties

164 East 72nd Street, 13B on the Upper East Side

$2,995,000

Co-op: 6 rooms, 2 beds, 3 baths | Amenities: Prewar, Pet Friendly, Outdoor Space | Maintenance: $3,936 This is a renovated and professionally curated turn-key apartment on a high floor. Features include beamed, high ceilings; a fireplace; formal dining room and eatin kitchen in a prime location in a full service building. The entrance foyer opens onto a living room with double hung windows facing the prewar buildings on East 72nd Street. Listed at Stribling & Associates by Barbara Evans-Butler, 212-452-4391, bevansbutler@stribling.com.

132 East 72nd Street, 14th floor on the Upper East Side

$3,900,000

Co-op: 7 rooms, 3 beds, 2.5 baths | Amenities: Prewar, Pet Friendly, Attended Lobby | Maintenance: $7,488 Perched on the 14th floor of an elegant side street cooperative between Lexington and Park avenues, this apartment enjoys sunlight all day. Highlights include a private elevator landing and a 20-foot living room with a wood-burning fireplace adjoining a formal dining room. Listed at Stribling & Associates by Cindy Kurtin, 212-452-4406, ckurtin@stribling.com.

Log on to www.LLNYC.Com to view more listings.

Luxury Listings NYC  March/April 2015  73


LISTINGS

NYC’s

Premier

Properties

127 West 79th Street, 9F on the Upper West Side

$5,495,000

Co-op: 9 rooms, 4 beds, 6 baths | Amenities: Prewar, Pet Friendly, Attended Lobby | Maintenance: $5,733 Nine rooms (including an adjoining studio apartment) make for a spacious residence in this prewar co-op on the prime Upper West Side, which is currently configured with four generously-sized bedrooms. The master suite offers a walk-in closet/dressing room, bathroom with double sinks and office with en suite bath. Listed at Stribling & Associates by Cathy Taub, 212-452-4387, ctaub@stribling.com.

17 East 73rd Street, Triplex on the Upper East Side

$5,800,000

Co-op: 5 rooms, 2 beds, 2 baths | Amenities: Prewar, Pet Friendly | Maintenance: $4,225 This triplex apartment designed by architect Michael Gabellini, located in a townhouse, offers a private terrace and an elevator that opens directly into the apartment. High-end natural finishes include limestone, Thassos marble, Vermont Bluestone, Jet Mist Granite, and walnut. Gabellini incorporated knife-edge floating walls and glass “so everything connects but nothing touches.” Listed at Stribling & Associates by Elizabeth Lorenzo, 212-452-4411, elorenzo@stribling.com.

74  Luxury Listings NYC  March/April 2015

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LISTINGS

NYC’s

Premier

Properties

32 West 20th Street, 7-BC in Flatiron

$6,995,000

Co-op: 6 rooms, 3 beds, 3 baths | Amenities: Prewar, Pet Friendly | Maintenance: $2,744 | RE Taxes: $2,071 Located in the coveted Flatiron District encompassing Gramercy Park, Union Square Market, chic restaurants and the Silicon Alley technology area, this loft was designed for entertaining and displaying an extensive contemporary art collection. Listed at Stribling & Associates by Susan Shafton, 646-613-2729, sshafton@stribling.com.

167 East 71st Street on the Upper East Side

$13,995,000

Townhouse: 12 rooms, 5 beds, 5.5 baths This is a renovated five-story house with an elevator and views of trees and architectural facades of a neighboring buildings. The current owners completed a major restoration, including a brand new stoop, facade, systems and fireplaces, with the help of top designer Jeffrey Bilhuber. Listed at Stribling & Associates by Alexa Lambert, 212-452-4408, alambert@stribling.com.

Log on to www.LLNYC.Com to view more listings.

Luxury Listings NYC  March/April 2015  75


LISTINGS

NYC’s

Premier

Properties

$4,250,000

101 Leonard Street, 8E in Tribeca Condo (1,963 sf): 5 rooms, 3 beds, 3 baths | Amenities: Fitness Room, Nursery, Rooftop Deck | Common Charges: $2,195 | RE Taxes: $1,255

A new, high-floor unit in the coveted E line of the Leonard, this apartment is the work of Bizzi & Partners, who converted the neo-classical prewar building into a luxury condominium. Residence 8E has double exposures, with natural light coming in from both the south and east. Listed at Douglas Elliman by Andre Rouach , 212-705-1084, arouach@elliman.com.

$6,250,000

290 West Street, 3A in Tribeca Condo (2,513 sf): 6 rooms, 4 beds, 4 baths | Amenities: Bike Room, Fitness Room, Private Storage | Common Charges: $3,144 | RE Taxes: $3,397

This Adjmi & Andreoli-designed boutique condominium is on a prime corner site. Grand proportions, emphasized by massive windows and ceilings up to 11 feet high, complement the white oak flooring. Windows in the great room frame dramatic, protected Hudson River and park views. Listed at Douglas Elliman by Fredrik Eklund, 212-727-6158, feklund@elliman.com.

76  Luxury Listings NYC  March/April 2015

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LISTINGS

NYC’s

Premier

Properties

286 Spring Street, 3rd floor in Soho

$6,295,000

Condo (3,670 sf): 7 rooms, 3 beds, 3.5 baths | Amenities: Private Storage | Common Charges: $2,051 | RE Taxes: $3,865 The sprawling sun-filled condo offers an office as well as expansive interiors featuring solid Appalachian white oak wood floors, ceilings up to 12 feet, a multi-zone heating and cooling system, tilt and turn windows with a high rating for acoustics, a fireplace by Ecoflame, and original Walter Gropiusdesigned hardware. Listed at Douglas Elliman by Bertrand Buchin , 212-674-2323, bbuchin@elliman.com.


LISTINGS

NYC’s

Premier

Properties

$6,550,000

27 Wooster Street, 5A in Soho Condo (2,500 sf): 5 rooms, 3 beds, 3.5 baths | Amenities: Bike Room, Garage, Fitness Room | Common Charges: $3,303 | RE Taxes: $3,401

Located in a quiet section of Soho, 27 Wooster offers contemporary architecture that respects its historic, landmarked surroundings. This unit with a balcony combines the modern aesthetics of loft living with the privacy of more traditional living. The interior of this residence has been designed by Thomas Juul-Hansen. Listed at Douglas Elliman by Raphael De Niro, 212-460-0655, thedenirogroup@elliman.com.

10 Bond Street, 4E in Greenwich Village

$7,100,000

Co-op (2,775 sf): 5 rooms, 3 beds, 3.5 baths | Amenities: Garage, Fitness Room, Private Storage | Maintenance: $8,814 With architecture and interiors designed by Selldorf Architects, this residence features direct elevator entry, a chef's kitchen with a pantry open to the living, dining, and media rooms, a private master suite with generous storage and windowed bath, and two additional bedrooms with en-suite baths. The primary living areas receive light from southern, eastern and western exposures. Listed at Corcoran by the 10 Bond Sales Center, 212-979-1010, info@10bond.com.

78  Luxury Listings NYC  March/April 2015

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LISTINGS

NYC’s

Premier

Properties

11 Beach Street, 8C in Tribeca

$7,600,000

Condo (3,108 sf): 7 rooms, 4 beds, 3.5 baths | Amenities: Courtyard, Fitness Room, Nursery | Common Charges: $2,617 | RE Taxes: $4,020 This residence bears the vision of designer Thomas Juul-Hansen. An entry foyer with walk-in closet and powder room leads to a formal gallery, joining the bedroom wing to the living spaces. Listed at Douglas Elliman by Melanie Lazenby, 212-727-6131, mlazenby@elliman.com.

71 Laight Street, PHC in Tribeca

$20,000,000

Condo (4,986 sf): 17 rooms, 4 beds, 5 baths | Amenities: Garage, Fitness Room, Nursery | Common Charges: $8,568 | RE Taxes: $3,280 The Sterling Mason offers 33 residences in a private enclave. Noted architect Morris Adjmi transformed a 1905 masonry loft warehouse by creating an identical twin of the iconic original, clad in contemporary metallic facade. Listed at Douglas Elliman by Charles Price, 212-303-5316, reid.price@elliman.com.

Log on to www.llnyc.com to view more listings.

Luxury Listings NYC  March/April 2015

79


LISTINGS

NYC’s

Premier

Properties

7 Harrison Street, PH in Tribeca

$25,000,000

Condo (4,229 sf): 11 rooms, 4 beds, 4.5 baths | Amenities: Garage, Health Club | Common Charges: $6,441 | RE Taxes: $3,919 Seven Harrison is a turn-of-the-century building re-imagined by Architectural Digest award-winning architect Steven Harris. Located in the center of Tribeca, Seven Harrison features just 12 residences, including this landscaped duplex penthouse with a rooftop oasis. The apartment features eastern, southern and northern exposures with views of the Downtown skyline. Listed at Compass by Leonard Steinberg, 917-385-0565, ls@compass.com.

443 Greenwich Street, PHA in Tribeca

$51,000,000

Condo (8,569 sf): 15 rooms, 5 beds, 6.5 baths | Amenities: Driveway, Garage, Courtyard | Common Charges: $13,939 | RE Taxes: $12,081 The building’s landmarked facade has been restored and its interiors transformed by CetraRuddy Architects. Its 45 loft-style residences surround a 4,000-square-foot landscaped courtyard designed by noted landscape architect Hank White. Listed at Cantor-Pecorella by the 443 Greenwich Sales Center, 212-877-4433, info@443greenwich.com.

80  Luxury Listings NYC  March/April 2015

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SCENE

Toast of the town

A-list party fetes Luxury Listings’ cover star, Fox News television host Kimberly Guilfoyle

D

BY CLAIRE MOSES

ressed to the nines and toasting a recordbreaking year for the real estate industry in New York City, about 250 guests gathered at swank East 56th Street eatery Harlow in January to celebrate the November issue of Luxury Listings and to celebrate its cover star, Fox News host Kimberly Guilfoyle. Turnberry Ocean Club, Trump Tower Toronto, EverBank, Skyline Properties and real estate broker Gilad Azaria sponsored the event celebrating Guilfoyle’s cover. The glitterati of the media world, including legendary New York Post gossip columnist Cindy Adams, Vanity Fair contributing editor George Wayne, Fox News’ Ainsley Earhardt, Gigi Stone Woods, Andrea Tantaros and HarperCollins senior vice president Lisa Sharkey were in attendance, as was former LLNYC cover star and artist Domingo Zapata. Among the real estate industry players in the crowd: Cushman & Wakefield’s Bruce Mosler and Bob Knakal; Douglas Elliman’s Yuval Greenblatt, Eva Penson and Neal Sroka; Urban Compass’ Gordon Golub; MNS’ David Behin; HAP Investment Developers’ Eran Polack; Town Residential’s Wendy Maitland; Brown Harris Stevens’ Bess Freedman and Robby Browne; Platinum Properties’ Khashy Eyn and Daniel Hedaya and Peter Ashe Realty’s Asher Alcobi. Guilfoyle recently bought an apartment at the Beresford on the Upper West Side. Architect and interior designer Campion Platt, who is helping Guilfoyle renovate the place, also attended the party. Guilfoyle’s friend, Dr. Dendy Engelman, recently bought a condo in the city. “New York real estate is never a bad investment,” she said. “In a world of few guarantees, you can always bet on New York.”

and gossip Kimberly Guilfoyle ams Ad y nd columnist Ci

From left: Eric Bolling of Fox News, Dr. Dendy Engelman, Kimberly Guilfoyle and Ainsley Earhardt of Fox News

From left: LLNYC Publisher Amir Korangy and Dan Riordan of Turnberry Associates

tial Tom Brady of Town Residen n & Wakefield and Bob Knakal of Cushma

“Real Housewives” sta

r Ramona Singer and Kim

berly Guilfoyle

Vanity Fair’s

George Wayne

and guest

From left: Peter Schneider, James Dorcely, Craig Rojek and Alan Schlossman

Gilad Azaria of Douglas Elliman and Kimberly Guilfoyle

Photography by Chance Yeh

Douglas Elliman, From left: Neal Sroka of Harris Stevens wn Bro of e Robby Brown berly Guilfoyle Kim and

Artist and past LLNYC cover star Domingo Zapata and Kimberly Guilfoyle

Luxury Listings NYC  March/April 2015

81


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BY BYTHE THESEA SEA


Luxury Listings NYC | Geoffrey Zakarian | March/April 2015  

Luxury Listings NYC is a tabloid-sized glossy magazine focusing on apartment and townhouse listings in Manhattan, plus dedicated real estate...

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