Luxury Listings NYC | ART ISSUE | July/August 2014

JULY/AUGUST 2014

IN LIVING COLOR

A-list artist Domingo Zapata paints and parties in his Gramercy Park triplex

ART & SOUL

HOW TO BUILD THE PERFECT COLLECTION FOR YOUR PAD

NATURE NURTURES MODERN DESIGNS INSPIRED BY MOTHER EARTH

HOT IN THE HAMPTONS EAST END

HOME SALES SMASH RECORDS

YES!

MARV ALBERT’S PENTHOUSE— AND HIS PRICELESS SPORTS MEMORABILIA

STAY COOL

MANHATTAN’S MOST EXCLUSIVE PRIVATE POOLS A PUBLICATION OF

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

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Contents

VOLUME No. 02 ISSUE No. 04

PRIVATE POOLS P10

JULY/AUGUST 2014

Forget condo pools. The ultimate amenity is a truly private pool — like this one at 45 East 74th Street — that’s yours and yours alone.

NEWS CORNER P26

MANHATTAN MARKET ROUNDUP Shhhh! More and more properties in the city are selling — without ever officially hitting the market.

NYC’s

Premier

Properties

THE BACK PAGE P90

LISTINGS P66–89

LLNYC PARTY Scenes from our first-ever Summer Issue Soirée, fêteing our May/June cover star Jill Zarin.

Exclusive homes in Manhattan and the East End.

UPPER EAST SIDE

P30

The contemporary art scene migrates uptown

UPPER WEST SIDE P32

PAINT MISBEHAVIN’ Domingo Zapata creates colorful art — and throws killer parties — in his Gramercy Park home.

P14

P34

LES/EAST VILLAGE

P38

FIDI

GREENWICH VILLAGE P42

An architecture critic is unimpressed by the new Whitney

4 | Luxury Listings NYC | July/August 2014

P56

The hope for high-end shops at the upcoming WTC mega-mall

P40

Small businesses find new footholds in gentrifying nabe

P52

Russ & Daughters Cafe and the nabe’s upscale dining scene

A new hotel provides an authentic NYC experience

CHELSEA

P50

The Greenwich Hotel’s new suite draws upon wabi-sabi

Families are loving life in the middle of Manhattan

GRAMERCY

P48

TRIBECA

A Canadian town gets an Upper West Side of its own

MIDTOWN

SOHO

A new rooftop bar and gelateria channels Italian beaches

P8 Organic chemistry Nature-inspired products are must-haves for modern homes.

P18 Art 101 Galleries and agencies can help newbie collectors get started.

P22 Marvin’s gardens Sportscaster Marv Albert takes us inside his UWS penthouse with a stunning, landscaped terrace.

P24 Hamptons In a record-breaking year, we round up the Hamptons’ top ten priciest

sales of the past 12 months, including the most expensive home sale in the entire country.

HAMPTONS

P58

Rising home prices accelerate “brain drain” on the East End

NORTH FORK

P62

A dispute between year-round and seasonal businesses

EDITOR’S NOTE

PUBLISHER Amir Korangy EDITOR-IN-CHIEF Stuart W. Elliott MANAGING EDITOR Lisa Keys ART DIRECTOR Gregory Cullen REPORTER Zachary Kussin CONTRIBUTORS Tom Acitelli, Christopher Cameron, James Gardner, Mark Maurer, Claire Moses, Adam Pincus, Julie Strickland EDITORIAL OPERATIONS MANAGER Linden Lim EDITORIAL INTERN Lucia De Stefani DIRECTOR OF MARKETING OPERATIONS Yoav Barilan ASSOCIATE SALES DIRECTOR Ross Fox ADVERTISING SALES Eran Evron, Nick Mascaro, Robert Stearns, Nicki Chadi, Sigalit Levi, Marcus Guest, Chris Cuomo FINANCE DIRECTOR Ken Cyrus DIGITAL TRAFFIC MANAGER Junaid Zahid DISTRIBUTION Mitchell’sNY ATTORNEY Barry J. Friedberg Trachtenberg Rodes & Friedberg

Luxury Listings NYC is a registered trademark of Luxury Listings NYC LLC. Copyright 2014. Call 212-260-1332 or email news@LLNYC.com. Warning: It is illegal to photocopy or reproduce any part of Luxury Listings without express written consent. For reprints and duplication rights, call 212-260-1332.

Principal office: 158 West 29th Street, New York, NY 10001.

Luxury Listings is published bimonthly.

To subscribe or to stop receiving the magazine, email subs@LLNYC.com or call 1-855-703-9671. The magazine is free to residents of Manhattan.

For those outside Manhattan receiving the magazine by mail, a yearly subscription costs $95. Paid subscribers can opt in to receive The Real Deal magazine and The Real Deal’s annual Data Book at no additional charge. Check or money orders for subscriptions can be mailed to 158 West 29th Street, New York, NY 10001.

6 | Luxury Listings NYC | July/August 2014

With both art and real estate insanely hot right now, we take you inside the home of a bad-boy painter and help you navigate what to hang on your own walls.

T

here are a lot of parallels between the art market and the real estate market right now.

Both are insanely hot (and possibly overheated), both are seeing record prices and both are increasingly attracting the wealth of onepercenters in the U.S. and around the globe.

To wit: In May, an 18-acre beachfront spread on Further Lane in East Hampton sold for $147 million, setting a record not only for the Hamptons, but for the entire country (see page 24). And last fall, Francis Bacon’s “Three Studies of Lucian Freud” became the most expensive work of art ever sold at auction, going for $142 million.

Real estate has rebounded to a level seen before the bust, as have global art sales (totaling some $65 billion last year), with New York as the center of the world for contemporary art auctions.

A central figure in that surging art world is Domingo Zapata. The Spanish-American “it” artist sells his six-figure canvases to the likes of George Soros, Pat Riley and Leonardo DiCaprio. And his salon-style dinner discussions have attracted patrons as varied as Salman Rushdie, Ron Burkle and Lindsay Lohan — the latter of whom Zapata denied romancing earlier this year.

We peek inside Zapata’s eclectic home in a story starting on page 14. The 8,600-squarefoot triplex in a townhouse directly on Gramercy Park shows that the artist clearly has it covered on both the art and real estate front. The expansive space showcases a mix of the old and new, formal and fun — the Old World elegance of the drawing room is offset by paint-splattered floors and enormous vibrant canvases. It’s much like the badboy painter himself, who sports tattoos and high-top sneakers but also — he claims — has his butler iron his New York Times every day before reading it in the park.

If our piece on Zapata has you inspired, and you’re looking for art to spruce up your own walls but don’t know where to start, we can help. On page 18, we survey local services that help New Yorkers outfit their apartments and grow into art collectors, whether you’re looking to spend $350 or $3,500 or $35,000.

(To shop for art, think about heading to the Upper East Side, where new galleries are sprouting up, in part because the neighborhood is “so unhip, it’s hip” — see page 30.)

We also take a look at cool décor and furnishings that are inspired by nature (charred logs that double as stools; jungle flora wallpaper created by rocker-cum-interior designer Lenny Kravitz) on page 8. And finally, we get a VIP pass inside the home of legendary sportscaster Marv Albert (yes!), and take a look at the priceless memorabilia that he’s collected in his decades on air covering basketball.

Of course, there is plenty in here that’s not about art or collectibles.

Notably, in time for 80 and 90 degree temperatures, we take a look at the poshest private pools in Manhattan — there are only a handful of apartments and townhouses that have their very own place to take a dip (see page 10). If I had my druthers, I’d plunk into the pool in the $50 million apartment atop the Sir Norman Foster-designed condo project rising just off the High Line in Chelsea.

(It hasn’t been built yet, so I’ll have to wait.)

Enjoy the issue and enjoy the summer.

STUART W. ELLIOTT, Editor-in-Chief

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

Maisonette Duplex 5th Avenue/76th

Exceptional Penthouse Living in West Chelsea

Oppty to create your own space in a prwr co-op.

Appx 3500 sf facing CP w pvt entr. $12.495M. Web #10054318. Phyllis Mack 212-452-4412

5BR, 5 bath duplex with 3 terraces in full service building on the High Line. $9.85M. Web #10277017. Jane Gardner 646-613-2656/Mary Ellen Cashman 917-710-2655

3BR, 3 Bth Condo at The Manhattan House

Amazing Park Views & Terraces on CPW

565 WEA 3BR, 3 Bth w Hudson & City Vus

3BR, 2 Bath Steps from CPW at 72nd

LR, dining area/4th BR, chef’s kit, MBR w dressing area & mbth. W/D. 5-star FS bldg w spa. $4.55M. Web #10311838. Jaclyn Boulan 917-940-6685

2-3BRs, 3 baths, EIK, LR w WBFP, DR & 2 staff rms.

FS prewar co-op. $8.995M. Web #9514920. Cathy Taub 212-452-4387/Rosette Arons 212-452-4360

Reduced. Hi flr prewar co-op. DR, crnr LR. W/D. Drmn, gym. $2.9M. Web #9785881. Cathy Taub 212-452-4387/Pamela D’Arc 212-452-4377

Renov combo of 2 units. LR/DR, terrace, chef’s EIK. FS co-op. $2.39M. Web #10147001. Valerie Artzt 212-585-4525/Lori Huler Glick 212-585-4536

3BR, 2 Bth PH Duplex Hi Above Chelsea

Tribeca Dplx Condo w Terr, Hudson Vus

Chic West Chelsea 1BR, 2 Bath Loft

5BR Brooklyn Heights Townhouse

3251 sf incl 1000 sf terr. LR/DR, open chef’s kit, MBR suite. W/D. 24-hour drmn. Broker owner. $5.695M. Web #10244165. Steven Sumser 646-613-2741

3BR, 2.5 bth, double-height ceils, chef’s kit, W/D. $4.325M. Web #10161803. Joan Merrill 212434-7082/Cornelia Van Amburg 646-613-2683

12 foot ceilings, Schiffini kitchen, home office.

FS condo w amenities. $1.65M. Web #10271515.

Shannon Helms Wisniewski 646-613-2604

5-story, grdn, 6 fplcs, Manhattan views. $8.25M. Web #9161468. Priscilla Bijur 212-452-4459/Linda Melnick 452-4425/Tim Desmond 452-4380

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DESIGN

New home designs provide a totally organic experience CHARRED CHIC

F

“

BY LISA KEYS

Straight outta Brooklyn but employing an ancient Japanese technique, Hono Stools from Uhuru Design are a perfect amalgam of minimalism and naturalism.

Using a traditional method of preserving wood by charring it, these multipurpose pieces — part of a limited edition of 25 — are crafted from reclaimed cedar poles from the Pacific Northwest.

From $1,250; www.uhurudesign.com

arm fresh” and “all natural” aren’t just buzzwords for the dinner table — they should be guiding principles for decorating an upscale, modern home. Today’s natureinspired furnishings and décor are hip, whigh-tech and light years away from the fuddy-duddy floral prints of yesteryear: Think a lampshade inspired by leaves — designed for LED bulbs and courtesy of a 3D printer — or a massive speaker that looks like a beautiful butterfly but delivers some serious bass. Whether you’re designing brand-new digs or you’re just looking to refresh your living space, read on for some savvy ways to transform your home into a force of nature.

A NEW LEAF

BIG AUDIO DYNAMITE

Size matters, according to Jonathan Weiss, CEO and founder of Oswalds Mill Audio — and looks count, too. For truly big sound that makes your heart flutter, invest in these beautiful, sculptural Monarch speakers, crafted from Pennsylvania hardwood. There’s a brain behind the beauty: The butterfly’s wings are baffles, engineered to extend the low frequency response — meaning you can expect concert-hall style sound from a museum-quality piece.

From $7,200 a pair; www.oswaldsmillaudio.com

Modern technology meets Mother Earth. With a shade made of nylon printed by a 3D printer, the CP3d Blowing Leaves Pendant #1 from CP Lighting is designed to diffuse the light cast from an LED bulb.The organic, leaf-like shade of the pendant lamp casts dappled light and shadows, “like direct sunlight through a canopy of trees.”

From $320; www.cplighting.com

TIME FLIES

If you think traditional timepieces are for the birds, check out the unique Swallow Clock from Haoshi Design. Instead of ho-hum numbers, the kinetic clock features a dozen individually mounted swallows, made of resin, that marry “the aesthetics of movement and silence.” Pretty tweet. $170; www.haoshi.com.tw

WILD STYLE

Designed by Kravitz Design — yes, as in Lenny Kravitz — the Feroz wallpaper from Flavor Paper depicts jungle flora so bold and graphic that it “hides monkeys and jaguars peering out from their natural habitat.” The fierce pattern is available in a variety of colors or, like all Flavor Paper wall coverings, can be customized for a real tropical treat. Rawr!

From $250 a roll; www.flavorpaper.com

8 | Luxury Listings NYC | July/August 2014

PARK IT

National Park pillows from Pendleton Woolen Mills offer up a taste of a retro-fabulous, country-chic vibe.

The cover is made of 100% organic cotton and the handembroidered design — which takes more than a week to sew — depicts iconic landmarks of four great Western parks: Yosemite, Yellowstone, Glacier and Grand Canyon. $158; www.pendleton-usa.com

LUXURY YOU CAN AFFORD They are easy to use, 100% RF Wireless and one of the best investments you'll ever make.

Our technical designers are waiting for you in our Chelsea showroom to show you how they work and help you choose the best fabric to match your lighting requirements and dĂŠcor.

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LUXE LIVING

A look at the poshest private pools in Manhattan

I

BY TOM ACITELLI

t’s the most refreshing of amenities in these stickiest months of the year: a swimming pool. With city dwellers eager to cool off and dip their toes into any kind of water as the mercury rises — hello, dumpster pools!— it’s no surprise a swimming pool tops the wish list of many a New Yorker.

Today, there are nearly 100 condos and co-ops in Manhattan that offer swimming pools. That’s pretty sweet — if a little pedestrian. Why not up the ante with a truly private swimming pool, one that’s yours and yours alone?

Luxury brokers talk of pools within condo units or townhouses as the ultimate “wow” factor in space-starved Manhattan,

where something as simple as a breakfast alcove is considered real estate gold. Right now, there are about 10 townhouses and condos in the entire borough with pools; the number is difficult to pin down because of, well, the private nature of private pools.

Here, we’ve highlighted some of the city’s swankiest private pools — some of which are ripe for the taking (or, at least, renting).

And if none of these listings quite tickle your fancy, fear not: Manhattan is about to see a boom in private pools. The Soori High Line, a new 27-unit condo planned in West Chelsea along the ribbon of parkland, will feature 16 condos — each with its own pool.

Interestingly, having a swimming hole of whatever size is not necessarily a huge plus

for homes on the market. As one broker diplomatically put it, high-end buyers and renters would often rather have the space that a private pool takes up. Also, Manhattan has so few private pools, it’s hard to gauge what they add — or subtract — pricing-wise. “As far as the premium, it’s very hard to price because there are not many apartments around that are similar,” said Jon M. Cella of Town Residential, who closed a deal on a $37,500-a-month rental of a Flatiron triplex with a private pool.

“There are no comparables out there. It’s a hard question to answer.”

Interested in taking a virtual dip in the world of private pools? Read on for a glimpse at these “incomparable” homes.

45 East 74th Street Sale price: $26 million

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he approximately 9,000-square-foot townhouse boasts two soaking spots: a hot tub with Bisazza Mosaico glass tiles on the roof and, in the lower level spa, a nearly 435-square-foot travertine saltwater pool that’s adorned with a skylight-illuminated waterwall.

The five-bedroom, 7.5-bathroom townhouse dates to 1879, and was redone in the Italian Renaissance style by its sellers, a group of Italian investors. There are modern flourishes as well, including hand-crafted bronze and leather banisters, a marble façade (imported from Italy, naturally) and “honed millwork panels.” The kitchen is state-of-the-art and there’s a wine cellar as well as a portico at the entrance.

10 | Luxury Listings NYC | July/August 2014

The investors bought the townhouse in 2008 and listed it through Town Residential for $30 million; Chinese billionaire Zhang Xin bought it in late 2013.

While the basement pool was definitely a draw, said Brett Miles (who, along with fellow Town broker Jason Karadus, sold the townhouse), some prospective buyers saw it as taking away from storage space. Still, the property had a lot going for it regardless.

“It was definitely more of a plus than a negative,” Miles said. “[But] I almost wonder if we needed the pool.”

214 Lafayette Street Current rent: $80,000

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ooking for some easy stress relief? This converted power substation — dating to the 19th century — has a 480-square-foot indoor pool right next to the home office. It’s added unmitigated “wow” factor to this five-story townhouse, which has hosted countless private parties, as well as video shoots for the likes of John Mayer and Beyoncé. A new tenant moved in for summer at the end of May, who agreed to pay the asking rent of $80,000 a month for the 13,000-square-foot spread on the Nolita-Little Italy border. The home will be available again Sept. 1.

“The reaction is always incredible when they see the pool,” Steve

Credit: ©Donna Dotan Photography

Halpern, the broker with Urban Compass who has the listing, said in an email of visitors to the home. “The joke is always ‘too bad I didn’t bring my bathing suit.’”

The three-bedroom, 3.5-bathroom townhouse — which was bought by its current owners in 1996, who gradually transformed it into its current palatial state — also boasts a chef’s kitchen, an elevator, 20-foot ceilings in spots, as well as a 925-square-foot “Zen terrace,” as the listing puts it. More utilitarian is the laundry room — good for all those wet swimming trunks.

40 Mercer Street, PH7 Asking price: $13.995 million

N

o need to use the communal pool or Jacuzzi in this 40 Mercer Street condo in Soho: The approximately 380-square-foot side terrace of Penthouse 7 holds a more than 84-square-foot lap pool-slash-Jacuzzi. It’s located just off the kitchen and the study.

The 3,006-square-foot, eight-room penthouse with three bedrooms and 3.5 bathrooms first hit the sales market in September 2012 for $16 million, having last traded in 2009 for $12 million.

The seller then chopped the price to $14.5 million in November of that year — and then to its current asking price of $13.995 million in September 2013.

Fredrik Eklund and John Gomes of Douglas Elliman now have the listing.

The penthouse and its pool cap a condo complex developed by hotelier Andre Balazs and designed by French architect Jean Nouvel. Glasscurtain walls adorn the 14-story building, and, not surprisingly, the interiors, including those of Penthouse 7, have lots of natural light as well as severe, modernist angles and layouts.

Continued on pg 12

July/August 2014 | Luxury Listings NYC | 11

LUXE LIVING

Continued from pg 11

T

he 44-foot-long swimming pool on the lowest level of this approximately 9,300-square-foot triplex maisonette is surrounded by marble: The pool itself is made of marble, as is the deck area around it. This in-residence spa also boasts a sauna and a steam room.

The rest of the Tribeca spread also has its share of Carrera marble, especially the foyer, living room and kitchen.

Leonard Steinberg of Urban Compass, who has the listing, said the pool has drawn interest not just from swimmers, but from parents who see it as the perfect jumping off — or diving off — point for a kids’ party.

Steinberg, who listed Unit 1C shortly before Memorial Day, also got to the yin-yang of all these private pools, whatever the sales and leasing histories of the properties that host them.“I do think that the most important thing is that it’s a wow-factor item and usable,” he said. “So it’s not just a gimmick.”

60 Collister Street, #1C Asking price: $18.95 million

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51 Walker Street, TH1 Sale price: $4.675 million

his 50-foot-wide Tribeca townhouse boasts some serious swagger in its serious outdoor space: The 1,574-squarefoot terrace and garden has a 25-square-foot Jacuzzi, plus a pool that’s larger than 300 square feet. Alas, like some other pools on this list, the swimming hole at Townhouse 1 at 51 Walker was not necessarily a must-have, as evidenced by the tortuous sales saga of the approximately 3,200-square-foot spread: It churned through at least six listing brokers and deep-dived from an asking price of $8.695 million in 2008 to its September 2012 closing of $4.675 million.

Perhaps that’s why the blog Curbed New York called 51 Walker’s key amenity “Tribeca’s saddest pool.” Just three months after the Eklund Gomes Team at Douglas Elliman got hold of it, however, the property traded.

“Buyers are, in general, surprised and energized by the fact that there exists in the city private oases that they can purchase and at prices reasonable to the current market,” said Jorden Shea, an agent with the Eklund Gomes Team, by email.

“Buyers will always clamor for the opportunity to own something uniquely exclusive to them, pools notwithstanding.”

522 West 29th Street Asking prices: TBA

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his planned condo development, dubbed the Soori High Line because of its proximity to Chelsea’s super-hip elevated park, will more than double the number of private pools in Manhattan.

Of the 27 luxury condos in the 11-story building, 16 will have heated outdoor swimming pools. While asking prices are not yet available, we now know the dimensions of the pools: lengths from 23 to 25 feet, widths from 7 to 9 feet, and each will be 4 feet deep. The condos’ floor-

12 | Luxury Listings NYC | July/August 2014

to-ceiling windows overlook the private outdoor pools (which sport some snazzy views themselves).

All the units in the Soori, which is being designed and co-developed

by Yale-trained architect Soo K. Chan, are slated to have ceilings soaring to at least 14 feet, as well as living-room fireplaces.

Sales are expected to launch by the end of the year.

551 West 21st Street, Penthouse Asking price: $50 million

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he nearly 62-foot-long, 9.5-foot-wide lap pool has been up for grabs since early May, when it officially went on the market as part of the 6,200-square-foot, floor-through penthouse at 551W21, the new condo complex designed by British baron Norman Foster and developed by Scott Resnick. It’s part of a three-sided, 4,500-squarefoot outdoor space with dictatorial views of the Hudson River and Northern Jersey.

There is plenty more besides the pool to draw awe, according to listing broker Erin Boisson Aries of Brown Harris Stevens. The pad has a separate service entrance; double-sided wood-burning fireplaces; a kitchen with heating and cooling drawers, as well as two Sub-Zero fridges and twin wine coolers; 12-foot ceilings and a 33-foot-long loggia off the living room. There are also the sweeping views from the outdoor space.

CELEB CRIBS

Bad-boy artist Domingo Zapata creates edgy work in a traditional Gramercy Park setting

Zapata’s studio is on the home’s parlor level. Floorto-ceiling windows flood the room with light and overlook exclusive Gramercy Park.

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PHOTOGRAPHED BY STUDIO SCRIVO

BY ZACHARY KUSSIN

lose your eyes and envision the general scene in the hit TV series “Downton Abbey.”

There’s a palatial estate that houses stunning works of art. There’s a butler and a kitchen full of treats. Outside, there’s green space. Now imagine how this would translate to 21st-century New York City with a hip resident, and the result is the Gramercy Park home of artist Domingo Zapata.

Here, a friendly butler — who this day is dressed in a pink Polo shirt, indigo jeans and black dress shoes — leads a visitor through this triplex portion of a 19th-century townhouse, whose cream-toned interior boasts standing Medieval suits of armor and patterned Louis XIV wall paneling, as well as Zapata’s own large-scale and brightly

14 | Luxury Listings NYC | July/August 2014

colored paintings. Instead of tea, the butler offers milkshakes from Shake Shack, of which there were two shelves full in the refrigerator from a charity auction held here the night before. The juxtapositions of old and new, formal and fun, bright and subdued are not only on display throughout the 8,600-square-foot triplex, but also embody the artist himself.

“It’s my head, it’s my mind,” said Zapata, 39, gesticulating with purple paint-stained hands, of these myriad contrasts. He’s wearing a crisp, black buttoned-down shirt that shows off his tattooed arms, one of which sports an oversized watch. “If you could make a hole in my brain and look at it, you would see this.”

Not surprisingly, Zapata’s artwork, on display throughout the spacious digs, gives

the biggest glimpse into his antithetical mind. On one end of his second-floor dining room hang his renditions of the iconic Mona Lisa portrait: One is wearing a gold crown, another has an X for a mouth and another bears the oxidized headpiece of the Statue of Liberty. Across the room, standing by the windows that overlook the garden, are two mounted chaquetillas — traditional jackets worn by bullfighters in Zapata’s native Spain — that are covered in layers of colorful paint. The wall next to the home’s sweeping staircase exhibits a large-scale crucifixion of Jesus Christ, with pops of pink, yellow and gold, and a painted “Do you believe?” on its right-hand side.

There’s yet another contrast present inside the space on this cloudy day: a palpable silence in a home that is best known

“For me, life is a dream right now — a dream I hope I never wake up from.”

—Domingo Zapata

The ornate foyer.

Zapata occupies the lower three floors of the house.

Some works from the artist’s Polo series, flanked by suits of armor

As a painter, Zapata aims “to make the world a little more beautiful.”

for buzzing with company. Every week or two, the gregarious Zapata welcomes actors, writers, musicians and artists into his rental home for a salon-style dinner discussion on what’s happening in the arts. Such guests have included Salman Rushdie, Ron Burkle and Lindsay Lohan — the latter of whom Zapata denied romancing in early May. Zapata said the process of hosting these gatherings is “organic.” Though he has help with the pre-party cleaning and food preparations, he insists they’re generally spur-ofthe-moment, casual hangouts with intellectual types. “I always like to hang out with creative people,” Zapata said. “I always said I am a painter and what I like to do is make the world a little more beautiful, and let all

these other people who know so much more about other things make it a better place.”

Of course, not every gathering Zapata hosts is intimate — sometimes he throws big bashes, and sometimes he hosts fundraisers.

Last fall, for example, the painter held a fundraiser for Mayor Bill de Blasio’s campaign; guests included “Million Dollar Listing New York” star Ryan Serhant and hotelier Vikram Chatwal. “He said I redefined the [phrase] ‘studio apartment,’” said Zapata of the mayor, who, having admitted to house envy, was punning on Zapata’s capacious live/work digs.

Zapata’s work area is a spacious room on the second floor, the parlor level, which also contains the dining room. Visible from

street level, Zapata’s studio looks out onto the exclusive Gramercy Park — for which Zapata has a key — and lets in good light through three floor-to-ceiling windows.

“This is where the magic happens,” he said.

A turn away from the windows gives way to a stunning view of the classic-looking room. In yet another unexpected contrast, ornate moldings hang over roughly 20 large and bold paintings made by Zapata, awaiting their finishing touches. A Steinway grand piano, which Zapata doesn’t play (the instrument was already in the partially furnished rental) stands next to a fireplace that’s topped by a large mirror sheathed in original moldings. One can only imagine Continued on pg 16

July/August 2014 | Luxury Listings NYC | 15

CELEB CRIBS

Continued from pg 15

The studio is adorned with a grand piano, which Zapata doesn’t play.

Nearly completed commissioned work dot the artist’s work space.

that the European masters also worked in studios with such period details. There’s also a cushy, moss-colored velvet sofa off to the side, which comes in handy. “Sometimes I don’t leave my house for a week or two if I’m working,” Zapata said. “I stay here, I sleep on the couch and I work. I’m entranced. I just think of painting and colors and beautiful fantasies … it’s a great experience. It’s like being high for a week.”

The ceiling is 14 feet above the papercovered, paint-splotched floor; look up and there’s a traditional plaster rosette with an equally-as-vintage chandelier, as well as a new paper mural that spans the ceiling and surrounds the fixture entirely. It’s Zapata’s favorite piece in the home. A modern interpretation of a scene from Hieronymus Bosch’s “Garden of Earthly Delights,” it features peach-colored nudes interacting with green land and assorted wildlife.

Zapata’s previous artistic setting wasn’t quite spacious enough to accommodate both work and life. Before moving into the Gramercy Park digs last July, he lived in the Bowery Hotel’s 2,300-square-foot penthouse, where everything was located on one floor, making space a concern. “I was living in my own painting,” he said of his prior digs. “It was a little bit intense.” So he sought out a larger home, this one with four

16 | Luxury Listings NYC | July/August 2014

bedrooms and three bathrooms, mainly to secure more space for his art and, of course, his young children: Domingo Jr., 6, and Paul, 5. They live upstate with their mother, but visit their dad regularly.

“I like this area,” he said of Gramercy Park. “It makes me feel sometimes that I’m not in New York City. The one thing that I love most about New York is the energy — but at the same time it’s the one thing that I fear the most because it can be very intense and overwhelming.”

At home, he finds escape. When he’s not in heavy creative mode, he takes his morning coffee and the New York Times, ironed crisp by his butler — “We think it’s funny,” said Zapata of how he and his butler feel of this presentation — across the street to the park to start his day. But even in the heat of busy work and frequent company, Zapata finds tranquility indoors. The dark woodpaneled library on the ground floor is his favorite space in the home. It provides peace and quiet under the soft glow of a small light fixture hanging from above. Other Old World details include a gramophone, displayed near the built-in bookcases, and an original fireplace. Fittingly, however, there are incongruous touches to this old-school space: Over the mantel hangs a photograph

by Patrick McMullan of Andy Warhol (whom

Zapata considers an inspiration); close by is a New York Rangers hockey stick.

The triplex’s uppermost level is where the bedrooms are located. There, Zapata is apt to zone out and watch TV. (See, celebrity painters! They’re just like us!). “I love ‘Law and Order,’” he said of the crime drama, which he watches in his large bedroom on a wide television. “I’m addicted to it. When I’m not working, that’s what I’m doing.”

A black-painted slogan, “life is a dream,” graces one of his bedroom’s walls — and in Zapata’s case, that’s a statement of fact. Zapata lived in the Bronx when he first moved to New York 15 years ago and didn’t have much money in his pocket. His artistic aspirations reigned, but he worked in corporate finance for five years, until his painting career blossomed after mounting a piece from his equestrian-themed Polo series at a show at the Chelsea home of Michael Borrico, a contractor and polo enthusiast. From there, his career took off: Today, Zapata’s work can sell for six figures, and his clients include the likes of George Soros, Pat Riley and Leonardo DiCaprio.

“For me, life is a dream right now,” he said. “A dream that I hope I never wake up from.”

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COLLECTING

Art businesses and galleries help newbies start collections

BY ZACHARY KUSSIN

F

resh out of Harvard in 2009, Margaret Wang, who then worked in finance, bought a condo on 18th Street in Chelsea. The interior of the previously owned apartment was empty and unadorned at the time of purchase. Though she prefers a minimal aesthetic in home design — white walls are a must — she wanted to include pops of color in the mix.

Still, when it came to decorating the home with art, she needed guidance.

“When you put something on the wall, you commit,” said Wang, who studies at Stanford’s business school and plans to move back to the two-bedroom apartment, now occupied by her sister and a subletter, after she graduates next year. “That was a bit of a hurdle to jump over. I had never hung up an art piece on a wall that wasn’t tacked up.”

She found help with Uprise Art, an online art gallery that sells pieces by contemporary artists, as well as assists nascent collectors like Wang with making their first investments. In an era of soaring real estate prices — increasingly transforming Manhattan into a realm of onepercenters — there are a number of local services that help well-heeled New Yorkers outfit their spaces and find new roles for themselves as art collectors. Some cater to those who need an education in buying art; others help those who don’t have the time to help themselves. Many of these services — spread among consultants, galleries and installers — report that business is booming more than ever thanks, in part, to the improving economy.

Today, Wang has two pieces from Uprise Art artists proudly displayed in her living room. One is a 30-by-30 painting by artist Anthony Cudahy, which shows a man in a yellow suit and a woman in a striped blouse seated at a table together. The other, atop a bookshelf, is a foot-and-a-half-long sculpture of a tiger shaped out of silk-screened hand-made Japanese paper, whose origami-esque folds were crafted by artist Fay Ku. “No matter what part of the room you’re in, you’re able to see these artworks,” Wang said.

18 | Luxury Listings NYC | July/August 2014

Margaret Wang in her Chelsea home. Two pieces from Uprise Art include the painting, right, and sculpture, above.

And thanks to these acquisitions, Wang is now more confident when it comes to buying new work. “It’s definitely helped me become more conversant to communicate what I like,” she said. There are also other pieces in the living space, not purchased from Uprise Art, including some inkblot paintings and a photo print.

Uprise Art was launched in 2011 by Tze Chun, a young entrepreneur who noticed a gap in the art market: There was no real way to start collecting. “You see people who are retired and wealthy, and they have the resources to learn about art collecting,” she said. “I started Uprise Art to make it easier for people to start supporting living artists and doing so by collecting original art. It’s a way to have access into learning about art, living with art and having access to artists who will continue to do great things.”

The art world, said Chun, is legendarily intimidating to navigate. But by bringing a traditional curated gallery online, she aims to make art easier to purchase, as well as more affordable — Uprise Art purchases can be made in installments. The intent is to keep the prices accessible: Most pieces are under $10,000.

The process is very “hands-on,” Chun said. Services include pop-up exhibitions — to connect artists and clients — as well as at-home consultations to brainstorm what to buy and where to install it.

For extra busy clients — like lawyers and finance types — these consults can happen in the evening.

Meanwhile, Elizabeth Sadoff, who heads the eponymous, five-year-old Elizabeth Sadoff Art Advisory, similarly helps collectors bulk up their art inventory. She groups her clients — who are generally well-to-do and are referred by interior designers — into types: Those who don’t have time to collect and those who are intimidated by the New York art scene.

“My goal is to engender collections and serial buying,” she said. “There’s the po-

Photo by Uprise Art

TOP: A pop-up gallery from Uprise Art. ABOVE: Uprise founder Tze Chun.

tential for someone to become engaged in looking, acquiring and expanding upon their nascent aesthetic knowledge.”

Sadoff’s artists are generally emerging or mid-career. With their work, Sadoff helps new collectors first find statement pieces for the most important rooms in their homes. “The client and the designer would like to feel that they can settle on

Photo by Marco Ricca

1 2 6 5

Photo by Marco Ricca Photo by Olivia Divecchia

Art advisor Elizabeth Sadoff

Photo by Marco Ricca Photo by Uprise Art

4

3

1) Sadoff worked on last year’s Holiday House NYC with designer James Rixner. 2) The two also collaborated at this year’s Mansion in May Show House. 3) Sadoff and Rixner worked on this UES penthouse; art by Liz Markus. 4) An Uprise collector’s FiDi home with a photo by Michael Gaillard. 5) A painting by Eric LoPresti hangs at an Uprise client’s East Village pad. 6) Another view of the Holiday House, with work by Michael Filan.

Photo by Marco Ricca

one major work where [the client spends] a lot of time,” she said, adding that the goal is to have them feel that “they have a relatively completed project.”

In these locations, Sadoff aims to secure a work on canvas that’s done in a larger scale.

Prices can range anywhere from $10,000 to $50,000. Later on, they together can focus on finding smaller works of art for other areas. “It’s an energetic enterprise to reach into someone’s head to see what they like,” she said.

Sadoff also occasionally brings clients on gallery and studio tours (for a fee of $125 per hour). She said that looking at art together helps her get to know a client’s taste better.

“I can see if they respond or don’t respond,” she said. But there’s another aim to these vis-

its: to inform a sense of pricing. This way, clients “understand why something would be priced at a certain level by becoming a little more familiar with the art market,” she said.

Rob Meyerhoff, an associate at Venable LLP, has a 30-by-40-inch digital photograph print of a modern building displayed over his bed in his East Village apartment — it was his first purchase from Uprise Art. He reached out to them, in part, to learn more about the New York City art scene — something he found impossible to fit into his busy work schedule.

He owns his apartment on the Bowery, and during his earlier days as a renter, he spent time surfing Etsy to see what would fit his space, art-wise. He eventually reached out to Chun in an effort to become “a more Continued on pg 20

July/August 2014 | Luxury Listings NYC | 19

COLLECTING

Continued from pg 19 David Kassel, the founder of ILevel, can handle tricky placements and installations, as shown below.

RIGHT: The Brooklyn home of an Uprise client.

BELOW: Various works from Uprise artists in a FiDi home. BOTTOM RIGHT: The UES home of a client of Sadoff’s.

targeted art collector,” he said. “As you transition from dorm life to real life, finding quality paintings that you feel comfortable and proud to put in your home is a challenge.”

He has since bought two more pieces from Uprise Art, both in installments: a colorful Anthony Cudahy painting of a woman pinning a yellow flower onto someone’s black lapel, and a painting by Eric Shaw that channels a ’90s minimal look with bold primary-colored lines set atop a background of gray, brown and tan. One is at his work and the other is in his home.

Buying art, of course, is just the beginning. Once you purchase that perfect piece, it’s not just a matter of pounding a nail into the wall and hanging it up. Fortunately, many art advisors and galleries provide installation services, while still other companies specialize in it.

David Kassel, the founder of ILevel, a nearly 30-year-old Manhattan-based art placement and installation service, said there’s an “exact science” to good installation. A big factor is conservation: Watercolor paintings, for example, should not face

direct light — nor should any other paperbased art — and works shouldn’t be located near chairs that can pull out and bump against them.

But taste matters, too. ILevel, which has seen a 15 percent year-over-year rise in revenue, said Kassel, also help clients determine where and how their art will work best. The process begins with a “game of solitaire” by leaning hangings against the walls to help envision the potential look. “And finally there’s an ‘a-ha!’ moment and everything seems to have found a home,” he said.

Even those more familiar with the art scene can, at times, use a helping hand. Another expert in the business is the Connecticut-based Troy Fine Art Services, which offers their clients — who are generally more experienced art collectors — assistance in locating specific pieces to add to their existing holdings. “We’re part of the vetting process,” said Troy’s co-founder Denise DiGrigoli.

The overall aim is more holistic: It’s not just finding a particular piece, it’s also helping arrange it with items already on display in the home. “It’s about the relationship,” she said.

A START WITH ART

Some tips for beginning collectors

Photo by Michelle Rick

See what’s out there: Go to galleries, browse art magazines, walk through art fairs and check out online galleries to get a wide scope and see what mediums suit your fancy. “You might be surprised with what you end up loving,” said Chun.

Start small: If you’re a fledgling collector, begin with works on paper — like etchings, lithographs or collages — as opposed to more expensive canvas, Sadoff said.

You’ll save money as you familiarize yourself with the market: Works on paper sized up to 30x40 can go for $350 to $3,500 when bought from the artist directly, according to Sadoff.

Know thyself: Think about how new art fits into your lifestyle and your home. “Examine your tastes in furniture and fashion as a starting point,” Chun advises. But this isn’t a hard-and-fast rule. If you love something, go for it — art can also inspire you to redecorate.

as $950 to $18,000, said Sadoff.

And when you’re ready to really spend — for investment-worthy, indemand art, as opposed to art that elicits an emotional response — the base price will be higher. In vogue now is mid-century and color field art, which Sadoff says can start at $20,000 for a 48x60 canvas.

More appreciation than appreciation: If the goal is a solid acquisition that will gain value over time, it’s best to see whether a certain artist has been represented in a museum, and has a good track record of it — think Jeff Koons and Damien Hirst. That’s the key of a mature artist, Sadoff said.

—Zachary Kussin

Meet the artists: “Think about collecting as a long-term relationship,” Chun said. It’s best to avoid websites that keep the artist out of the mix and focus on the work as a commodity only, Sadoff advises.

You can even attend MFA shows at city art schools to get familiar with emerging faces — a tip that especially benefits buyers with less money to spend.

Photo by Uprise Art

20 | Luxury Listings NYC | July/August 2014

Work your way up: Works on canvas, say 30x30 to 48x60, can sell directly from an artist for as low

Photo by Marco Ricca

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CELEB CRIBS

Photo by Chance Yeh

Albert’s home office houses his unique collection of photographs.

Sportscaster Marv Albert’s penthouse — now on the market — shows his personal side

Y

BY ZACHARY KUSSIN ou might expect that famed sportscaster Marv Albert’s home is a trove of one-ofa-kind sports memorabilia.

And, in some ways, you’d be right. His duplex penthouse on the Upper West Side houses treasures far more priceless than run-of-the-mill items like posters and ticket stubs. There’s a photograph of him seated at a table with Prince Albert of Monaco, Larry Bird and Patrick Ewing. Another photo shows Albert with Jack Nicholson courtside at a Los Angeles Lakers game, and yet another depicts Albert interviewing President Obama on the White House’s basketball court.

On a bookcase, he has a basketball stamped with the name of NBA commissioner Adam Silver. Also on display are 12 shiny Emmy awards — three of which belong to his wife, Heather, a former ESPN producer.

But here’s the thing: The impressive collection — immaculately arranged on the walls, as well as on a built-in bookcase — is limited to Albert’s home office. The rest of the 3,550-square-foot apartment is minimalist in tone, with large, mostly bare white walls and neutral rugs and furnishings. There are no basketball photos in the penthouse’s public rooms; instead, photographs depict

the smiling couple. Instead of shiny trophies, white orchids catch the sunlight streaming in through the living room’s large windows.

“If people come here, I’m not necessarily taking them up to the office,” Albert said.

“It’s all for me; that’s my ‘down memory lane’ type thing.”

Perhaps not surprisingly, the office is Albert’s favorite place inside his spacious digs at 150 Columbus Avenue. And no wonder — together, the items tell the story of his long sportscasting career. Some highlights: For 37 years, beginning in 1967, he was the voice of the New York Knicks on radio and television.

He was also the lead play-by-play announcer for the NBA on the NBC network for most of its 12-year run, beginning in 1990. Now he’s the lead announcer for pro basketball games on TNT — a position that he’s held since 1999.

Albert’s job is far more demanding than simply showing up at sporting arenas and calling what he sees. When he’s home during the regular season, he’s often working in his office: A fair amount of research goes into the trade — statistical information on the players, as well as their anecdotal stories.

He keeps the hand-written notes neatly organized on pads; they provide for quick and informed commentary on air. When not in use,

he keeps these stored in a closet in his office.

Also in this room: A photo of the teenage Albert posing next to the Knicks’ Jim Baechtold — his favorite player at the time — during his days working courtside as a ball boy for the Knicks, which is where he got his start. “My dream was to be a playby-play announcer and a writer for the New York Times,” Albert said of the career ambitions he set for himself at age 6. “So I was one of two.”

Soon, however, all these treasures, as well as the rest of the couple’s belongings, will be packed up and moved downtown. The couple listed the digs for $16.5 million in May in order to move to a bigger space in trendy Tribeca. Adam Modlin of the Modlin Group has the listing for the three-bedroom, 4.5-bathroom spread with a terrace, which the couple bought for $2.4 million in 1996, according to records.

The couple bought the penthouse while the building was still under construction.

They were not married at the time and lived in separate residences; they set their sights on the Upper West Side — an area they loved — for an apartment to share.

The location also came as a throwback for Albert, who in his youth worked on a radio show at nearby WABC. “It’s going back to my Photo courtesy of Modlin Group

The penthouse has an expansive living room, with access to the impressive terrace.

22 | Luxury Listings NYC | July/August 2014

The kitchen is modern. Above: The neutral master bedroom boasts city and Hudson River views.

roots because I spent so much time in this area,” he said, adding that Lincoln Square was desolate at that time. “If you saw a picture, you wouldn’t recognize it.”

At the time of their purchase, the home had a different look. Its layout included smaller rooms and ornate Italian marble details — altogether, the apartment was partially built in a “traditional” style, Heather said. They were able to tell the contractors to stop their work; instead of ripping out what had already been installed, they began on a yearlong renovation that gave the penthouse a contemporary touch.

Along with the crisp white walls, the home’s interior boasts mahogany paneling in the kitchen and the library — the latter of which doubles as a guest room, with a fun color-blocked rug with soft shades of green, blue, red and yellow. Rooms on the duplex’s lower floor — especially the kitchen, living room and dining area — are quite spacious.

The living room fits three sofas and three chairs; its long walls display select statement pieces of art, including black-and-white photographs of floral arrangements, which help lend to the minimal aesthetic.

The unfussy surroundings hide some surprises, including a screen that lowers from the living room’s ceiling — a big hit for movie night with their young grandkids.

In the master bedroom, a television rises out of a chest at the foot of the bed. When tucked away, the bed looks out to the city skyline. Albert’s own bathroom — there are two en-suite master baths — has a television in the mirror.

“I’m a CNN fanatic, so when I get up in the morning, I want to see it,” he said.

The home’s standout feature, however, isn’t its interior. Just off the living room is a 1,500-square-foot terrace that’s landscaped and irrigated and has city views from three sides. During the summer off-season, Albert likes to relax and read here — during basketball season, he’s typically out of town three days each week. “You can just sit out there,” he said. “It’s so quiet and peaceful.” Of course, the airy space — with a large trellis, tables and lounge chairs — readily doubles as an entertainment area when friends (and their dogs) come over for barbecues.

The easygoing Albert smiles as he recounts his youth in Manhattan Beach, Brooklyn, where he grew up in a four-bedroom house and, true to his sports-loving nature, was an active youngster. He played stickball and basketball with his two brothers, who are also sportscasters, as well as roller hockey

Growing up in Brooklyn, “I always knew I wanted to live in the city.”

Heather and Marv Albert with their cute pugs, Madison and Trixie

—Marv Albert

The 1,500-square-foot landscaped terrace has city views from three sides.

against children from neighboring streets.

But he had his sights set on another borough for when he grew up.

“I always knew I wanted to live in the city,” he recalls. “To me, it was always very exciting: movie theaters, Broadway, the park, everything. It was stimulating to me.”

And a city dweller he remains. He and Heather share good memories of their time spent uptown, but they are excited to make new memories in the Tribeca apartment.

“We ended up falling in love with Tribeca,” said Albert happily, sitting at the circular wooden table — a fixture that seats six — in the dining area with expansive city views. “Sometimes it’s just nice to make a change.”

Photo by Chance Yeh

Photos above courtesy of Modlin Group

Photo courtesy of Modlin Group

Cable Ace awards are among the treasures on display in the office.

Photo by Chance Yeh

July/August 2014 | Luxury Listings NYC | 23

RETREATS

Hamptons home prices smash previous records

I

$147M

BY JULIE STRICKLAND t’s been a record-breaking year for home sales in Long Island’s bastion of billionaires. The priciest deal of the past 12 months didn’t just shatter the Hamptons’ own lofty records, it was the most expensive sale of a residential property in the entire country.

In May, news broke that Barry Rosenstein, founder of hedge fund Jana Partners, paid $147 million for an 18-acre beachfront spread at 60 Further Lane in East Hampton. The property hit the block after the owner, architect Andrew Gordon, died last year, according to the New York Post. Gordon himself had been left the property by his late partner Christopher Browne of the investment firm Tweedy, Browne Company.

Few details are known about the house itself because Rosenstein’s purchase transpired in an off-market deal, but the previous owners reportedly spent years building elaborate gardens over the property’s three adjacent lots and constructing a new seaside mansion.

The second priciest sale came from hedge-funder Scott Bommer, who went into contract on the purchase of three oceanfront parcels in East Hampton on Lily Pond Lane for $93.9 million in late March. In a strange twist, Bommer was also the buyer of the third priciest deal of the year: the $75 million purchase of 16 Gin Lane in Southampton, which he bought from shoe mogul Vince Camuto.

The Camuto house went into contract in August for $27 million over the initial ask of $48 million. The nine-bedroom, 10,000-square-foot Tudor–style mansion is Scott Bommer, founder of hedge fund SAB Capital, purchased three oceanfront parcels on Lily Pond Lane for $93.9 million.

$93.9M

Hedge funder Barry Rosenstein made real estate history when he paid $147 million for a spread in East Hampton.

set on 5.5 acres. In addition to the standard luxury amenities — swimming pools, pool houses and tennis courts — the house also has formal gardens and a gazebo greenhouse. (A portion of this estate, listed for $69 million, is now in contract; two additional two-acre parcels, listed for $15 million each, are also in contract.)

Even the sixth-ranked sale, a $31.6 million deal at 19 Robertson Drive in Sag Harbor, far exceeded the priciest deals of 2012.

That year, the top-dollar sale was for $28.5 million, for 322 Meadow Lane in Southampton, according to a Town & Country Real Estate report.

“Prices have been going up, multi-million dollar houses are being sold left and right,” said Douglas Elliman’s Margaret Stankevich, who has an $85 million listing

for 9.4 acres of unbuilt oceanfront land at 2012 Montauk Highway in Amagansett.

“The market is good right now, but there’s not much inventory, so if someone sees something they want, they buy.”

And in the highest echelons of the luxury market, sellers can often afford to be choosy. “When you’re trying to buy from a billionaire, they don’t need the money — it’s only really about a lifestyle change: trading up or down, or sideways,” said Corcoran’s Tim Davis who, along with Peter Huffine, had the listing for 16 Gin Lane.

While an increasing number of international buyers are active in the Hamptons residential market, all roads still lead through Manhattan. And most of those paths stem from hedge-fund heavyweights, according to Paul Brennan, Douglas Elliman’s Hamp-

The 10 priciest sales in the Hamptons Address

Listing Brokers

Price

1) 60 Further Lane, East Hampton

N/A

$147 million

2) 93 Lily Pond Lane, East Hampton

Frederick Butti & Ed Petrie (Sotheby’s)

$93.9 million

3) 16 Gin Lane, Southampton

Tim Davis & Peter Huffine (Corcoran), Pat Petrillo & John McHugh (Sotheby’s)

$75 million

4) 52 Further Lane, East Hampton

Ed Petrie (Sotheby’s)

$62.5 million

5) 29 Spaeth Lane, East Hampton

Off market

$32.5 million

6) 19 Robertson Drive, Sag Harbor

Peter Turino (Brown Harris Stevens), Harald Grant (Sotheby’s)

$31.6 million

7) 209 Dune Road, Water Mill

N/A

$31 million

8) 408 First Neck Lane, Southampton

Don Gleasner & Tim Davis (Corcoran)

$28 million

9) 1260 Meadow Lane, Southampton

Tim Davis (Corcoran), Harald Grant (Sotheby’s)

$25 million

10-tie) 322 Ocean Road, Bridgehampton

Dana Trotter (Sotheby’s)

$23 million

10-tie) 140 Meadow Lane, Southampton

Raymond Smith (Douglas Elliman)

$23 million

Source: Zillow and news reports. Includes sales and in-contract deals from June 2013 to May 2014.

24 | Luxury Listings NYC | July/August 2014

Bommer bought this Southampton estate for far above the asking price.

$75M tons regional manager. “Most of the people all have ties to New York,” he said. “They might be from other countries, but they are based in New York on some level. Rarely do I get a call from Moscow asking me what’s going on in the Hamptons — international buyers go to New York first and then come here.”

Steven A. Cohen bought this East Hampton home on Further Lane just one day after it hit the market.

$62.5M Still, the international buyers flocking to Long Island’s poshest corner are coming from an increasing array of countries. The Hamptons have become a destination for buyers from all over the world, Davis said.

“I would say it’s changed in the last three or four years, the diversity,” he said. “We’ve become a destination for the world. It’s safe, it’s clean, and it’s not like other resort communities around the world.”

The sixth-priciest home sale — this Sag Harbor spread — exceeded last year’s most expensive sale.

$31.6M

MANHATTAN MARKET ROUNDUP

HUSH MONEY

Owners are selling their homes without putting them on the market, and not just at the high end

BY MARK MAURER

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number of buyers,” Teplitzky said. he so-called “whisper listing” is a longtime staple Still, sellers may also not want to list because they are fearamong New York City sellers looking to quietly unload a ful of signing an exclusive agreement with a broker, or they’re high-priced luxury residential property. concerned that a six-month commitment to a broker is too But new market conditions in Manhattan mean that offlong, said Ryan Fitzpatrick, director of sales at CORE. They market deals are becoming more common among the massmay also be afraid that, even in this market, their property es and are no longer limited to the top end of the market. could languish on the market for 60 to 90 days without selling, Douglas Elliman broker Jacky Teplitzky and other industry he added. insiders said that these days, off-market deals are happening “It’s another manifestation of this very tight inventory,” for homes priced as low as $1 million — a large chunk of cash, Fitzpatrick said. “Sellers realize they no doubt, but far below the threshold have a lot of sway where there is such of a luxury property in Manhattan. strong demand.”

“We know the quiet deals are hapBuyers, of course, have only upsides pening more and more,” said Teplitzky. when it comes to finding a whisper There are a variety of reasons why listing, as it allows them to dodge the sellers unload properties without officompetition and avoid a bidding war. cially listing them. Sometimes they are “On the buyers’ side, there is a percepin financial distress; other times they tion they are getting a special opportuare celebrities or public figures hoping nity: a one-shot deal in which they can to keep the news quiet. But, increasget in and get out, and lock it up. And ingly, many of today’s sellers are go—JACKY TEPLITZKY, they’re willing to pay a premium for it,” ing off-market for a different reason: Douglas Elliman Fitzpatrick said. to take advantage of strong demand Tamir Shemesh, a broker at the in a hot market. Manhattan’s ongoing Corcoran Group, said he recalls two shortage of apartments for sale is emexamples in the past month in which sellers opted not to powering sellers to avoid the hassle of advertising a property, list their units: two Greenwich Village condominiums worth as well as shirk paying commission to a listing broker. roughly $3 million and $5 million. “Sellers are getting high ofIn these scenarios, the doormen and superintendent often fers,” Shemesh said. “But when they price the apartment way (literally) hold the key to connecting a buyer to a seller. “Doortoo high, they get resistance. If they overprice an apartment, men know everything happening in the building,” Teplitzky it will not sell.” said. In some scenarios, a broker will meet with a seller in an Monique Silberman, a Town Residential broker, estimated effort to get the listing, then never hear back — only to discover she receives about five phone calls a week from prospective that the seller made a deal without an agent. buyers that she is representing who are looking for off-market Brokers argue that listing the property will mean selling it at listings. She said the majority of off-market deals continue to a higher price, something that’s especially important to ownoccur on those ultra-luxury properties. “It’s sort of serendipiers of lower-priced homes. “The only way to maximize your tous the way it all works out,” she said. selling price is by exposing the apartment to the maximum

“We know the quiet deals are happening more and more.”

A Greenwich Village street scene

26 | Luxury Listings NYC | July/August 2014

NEW YORK STYLE

cenTraL ParK VIeWS

chIc MaISoneTTe DUPLeX

Fifth ave. High floor, 4 BR+ library, 3,000+ SF in premier prewar co-op w/great detail and solid pane windows overlooking Central Park. Open East skyline views. FSB. $8.9M Web# 2816160 Patricia cliff 212.836.1063, Jonathan conlon 212.508.7162

830 Park ave. Stunning mint condition 9-room maisonette in a white glove PW co-op. Double LR, DR, library, chef’s EIK, 3-4 BRs, staff room and 4 baths. Must see. $7.25M Web# 2882853 heather Sargent 212.848.0475, Sharon baum 212.836.1036

SPecTacULar ParK VIeWS

TrIbeca PenThoUSe conDo

91 cPW. Corner classic 8. Coveted corner 3 BR with direct park views and wood burning fireplace, graceful layout, exquisite herringbone wood floors, capacious closets. $7.25M Web# 3002636 Douglas albert 212.444.7940, brian rice 212.444.7969

Watts St. Sundrenched 2,500 SF penthouse duplex corner loft with private 800 SF terrace, 2 BRs, 2 baths, great room with 25’ ceilings & arched windows. $4.499M Web# 3164172 Susan Sears (m) 917.951.6879

GLaSS PenThoUSe

The cheLSea MercanTILe

brooklyn/bayard St. Stunning full-floor penthouse with panoramic views. See all of Manhattan, NYC bridges and more. 2 BR/2.5 bath in FSB located on Williamsburg’s McCarren Park. $3.3M Web# 3301782 christina abad 718.422.2539, Michael hearn 718.422.2577

252 7th ave/W 24th St. Loads of professionally designed upgrades make this home a must see.

1,313 SF 1.5 BR/2 bath. 1st OH July 6th 12:30-2pm. Must call to schedule w/DM. $2.45M Web# 3296321 adam hignite (m) 917.549.8675

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

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Brooklyn

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Queens

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long Island

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the haMptons

ELEGANCE ON ELDERFIELDS Manhasset/Flower Hill | $4,995,000 | Grand Stone Center Hall 5-bedroom Colonial on one of the most prestigious streets on the North Shore offers stunning principal rooms on 1 acre of majestic property with pool and cabana for all your entertaining needs.

Web# 2644310. Traci Conway Clinton O: 516.627.6626 C: 516.857.0987

PLANDOME MANOR OASIS Manhasset | $4,788,000 | Perched high atop Manhasset Bay on a cul-de-sac overlooking a 35 acre preserve is the setting for this 5,600 sf masterpiece designed by award winning architect Michael J. Wallin.

A seamless blend of traditional design and luxurious modern living. Still time to customize for Spring 2015 completion. Web# 2668844. Traci Conway Clinton 516.627.6626, C: 516.857.0987

uWS FOuR-BEDROOM CONDO STuNNER 610 West 110th Street, 8DE | $4,195,000 | Situated in a splendid prewar condominium, this meticulously renovated four-bed, three-bath south facing home offers 2,350 sf of impeccable detailing for the most discerning buyer. Web# 1836636. Katherine Gauthier O: 212.769.9869

875 FIFTH AvENuE MASTERPIECE Fifth Avenue at 69th Street | $3,400,000 Meticulous renovation of this 3-bed, 3-bath home on prime Fifth Avenue. New wide-planked cherry floors throughout, chef’s kitchen with top-of-the-line appliances and great light. Web# 1758355.

Diane Johnson O: 212.418.2075 Scott Boyd O: 212.891.7121, C: 917.656.9668

STERLING PLAZA 255 East 49th Street, 25D | $3,200,000 | Meticulously designed 2,300 sf 3.5-bedroom, 3-bath apartment on high floor. 2 adjacent apartments seamlessly combined, chef’s kitchen. Recently reduced. A must see. Web# 1843953. Jane Powers O: 212.727.6134

BRING THE OuTDOORS IN 284 Fifth Ave, PH | $2,995,000 | Masterfully gutrenovated 3-bedroom, 3-bath penthouse with fabulous 2,200 sf outdoor terrace. A keyed elevator entrance leads you into this beautiful sun-splashed unit.

Web# 1826310. Katherine Gauthier O: 212.769.9869

virtually Staged

LuXuRY CONvERTIBLE CONDO WITH vIEW 10 West End Ave, 9B | $1,650,000 | Mint sun-flooded 2-bed, 1.5-bath with triple exposure. Ample corner living room, windowed open chef’s kitchen, large master with en-suite bath. Plenty of closets and W/D. Web# 1841586. Gisela vergara O: 212.891.7659

PARK AvENuE PRESTIGE 470 Park Avenue, 12C | Price upon Request Elegant 5-room corner apartment on highest floor.

Large bright rooms with high ceilings. Total and meticulous renovation. CAC, W/D. Original oak herringbone floors. Pets and pied-à-terre allowed.

Web# 1783020. Judy Auchincloss O: 212.891.7201 Sachiko Goodman O: 212.891.7709

GORGEOuS uWS TOWNHOuSE FOR RENT 139 West 87th Street | $24,000/Month Gorgeous Upper West Side Brownstone, quiet treelined block. Lovingly restored. Original prewar details.

Secluded Garden. Lots of sunlight with southern and northern exposures. Web# 1840740.

Michael Rosenblum O: 212.769.6541 Jesscia Saleh Hunt C: 917.319.4717

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

the north Fork

|

rIverdale

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

SHERMAN M. FAIRCHILD MANSION 17 East 65th Street | $40,000,000 | Off of Fifth Avenue, the Sherman M. Fairchild mansion is an iconic 25 ft wide property rich with history and is one of the finest examples of postmodern excellence. Web# 1840117. Jared Seligman O: 212.891.7104

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Westchester/putnaM

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los angeles

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FlorIda

TROPHY TERRACED DuPLEX 400 East 52nd Street, 15F | $4,495,000 | No board approval. Bathed in light this 4-bedroom, 4-bath duplex with master bedroom suite has soaring ceilings, huge terrace, open city and river views, and 2 woodburning fireplaces. Full-service pre-war coop. Web# 1656859. Barbara Cardozo O: 212.891.7001 | Genevieve Sonsino O: 212.891.7140

SLEEK AND SEXY IN THE PIERRE 795 Fifth Ave, 2511 | $9,900,000 | Extraordinary opportunity to live in a brand new apartment at the legendary Pierre Hotel. Unique in every way, this apartment is revolutionary in architecture and design.

Web# 1835803. Joy Wayne O: 212.350.2250 C: 973.769.1234

AMERICAN MODERNISM 31 Grove Street | $13,200,000 | Distinctively renovated 5-bedroom, 2.5-bath townhouse blends historic West Village appeal with modern design and open floor plan. Outdoor living area of 1,000 sf. Web# 1729850.

Katherine Gauthier O: 212.769.9869

ONE-OF-A-KIND RIvERHOuSE JEWEL Price upon Request | Penthouse triplex with spectacular views and landscaped terraces. Level 1: Major rooms and master suite. Level 2: guest/media/ loft. Level 3: roof terrace. Building club. 50% financing if allowed. Move-in ready, full-service coop. Garage.

Web# 1667761. Betsy S. Green O: 212.891.7067

PANORAMIC RIvER vIEWS 530 East 76th Street, 29DEG | $5,999,000 5 beds, 4.5-baths, large living and dining rooms all on one floor with amazing river, park and city views.

Full-service condo with roof-top health club and pool.

Web# 1775151. David Locke O: 212.891.7110 C: 646.853.1188

TRuE ESSENCE OF A PREWAR PENTHOuSE 180 West 58th Street | $7,995,000 | Unique and special prewar. Charm of a country getaway, sophistication of Manhattan living, ambiance of casual living. All 7 rooms face lushly planted terrace. Famous Alwyn Court. Web# 1671721. Karen Bressler O: 212.650.4821, C: 917.445.1497

LEGENDARY BERESFORD HOME 211 Central Park West | $9,495,000 | Grand corner 3-bedroom, 4-bath in one of the most prestigious white-glove buildings on the Upper West Side. The apartment was newly renovated but maintains its charm. Web# 1692370. Kevin Kelly O: 212.702.4034 C: 917.447.5367

1 3 2 1) A look inside the Robert Blumenthal Gallery 2) “Secret Space of Dreams,” from Wes Lang, was at the Half Gallery.

3) “Recursion,” by Adam Marnie, at the Robert Blumenthal Gallery

ESCAPE ARTISTS

Cutting-edge art finds a new, unlikely home uptown

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hood’s art scene transform. “There was an expression ew York City’s gallery scene has never in those days [a decade ago]: The only good artists been static. In the 1980s, hip gallery on the Upper East Side are dead artists,” Tilton told owners set up shop in the East Village. the Journal.

By the 1990s, the see-and-be-seen art Another recent transplant to the neighborhood is spaces had migrated to Soho. Today, the Half Gallery at 43 East 78th Street. Bill Powers opened heart of contemporary art gallery culture resides in Half Gallery in January last year, after moving from the Chelsea — but for how long?

Lower East Side. He too was attracted to the Upper Recently, art collector and real estate investor East Side’s historic architecture. With more than 300 Robert Blumenthal opened his first gallery in an ungalleries in Chelsea, “I think it has become an instilikely neighborhood, but one that could become the tution with a pretty crowded field,” next big thing in the world of conPowers told the Journal. temporary art: the Upper East Side.

“The Upper East Side And no matter where they Known more as a place to pick move, many Chelsea gallery ownup Old Masters paintings and lithois so unhip, it’s hip.” ers say that they are looking for graphs than cutting-edge mixed —Robert Blumenthal, gallery owner a change of scene, especially media, the Upper East Side has been since the High Line’s success sent attracting the attention of art entrerents through the roof. “When it was a rusty rail line preneurs of late, according to the Wall Street Journal. it didn’t matter at all,” longtime Chelsea art dealer “The Upper East Side is so unhip, it’s hip,” BlumenStefan Stux told the Journal. “But with the grand sucthal, who opened his gallery at 1045 Madison Avenue, cess of the High Line, I realized it was going to be great near East 79th Street, told the Journal. “Chelsea is a for residential real estate — but the rents were going to generation before me.” the stratosphere.”

As prices continue to soar downtown, contemStux added that some larger Chelsea galleries porary art galleries are citing the Upper East Side’s own their buildings and are in less danger of being proximity to well-heeled collectors, as well as lack of squeezed out. “Pace, Gagosian, David Zwirner — they competition and distinctive architecture, as draws to can compete,” he said. “But I wouldn’t be surprised if the area. “Chelsea got too expensive, so people moved these guys decide ‘to hell with it, I’ll take $100 million to the Lower East Side, and now the Lower East Side is for the building.’ How long can these guys hold out?” getting expensive,” Blumenthal said. “A lot of the en—Christopher Cameron ergy is moving to the Upper East Side.”

Longtime Upper East Side resident Jack Tilton, who has lived in a townhouse at 8 East 76th Street for a decade, has personally witnessed the neighbor-

30 | Luxury Listings NYC | July/August 2014

NEIGHBORHOODS Housing costs

Developments

Running down the numbers Average May sale prices Studio 1 bed 2 beds 3 beds > 3 beds

UPPER EAST SIDE

Vander-built for a new generation

Average May rents

$435,269 $865,406 $2,385,175 $4,948,944 $12,578,306

Studio 1 bed 2 beds 3 beds > 3 beds

$2,194 $2,736 $5,265 $9,322 $25,947

Source: StreetEasy

Fast facts

Roomy home, green space and green dollar bills 5 Number of bedrooms at Gracie Mansion, the New York City mayoral residence

1646

Year in which the land that’s now Carl Schurz Park was purchased by a Dutch farmer named Sybout Claesen.

At the time, the site was home to farmhouses and a ferry terminal.

T

here’s a new life ahead for Gloria Vanderbilt’s former six-story townhouse at 39 East 72nd Street. A real estate investor and a developer joined forces to buy the 27-foot-wide, 14,000-square-foot property for $19 million — a purchase they made from Mangold Realty Partnership, which owned the building since 1995 as a multi-family townhouse. The home will be redeveloped as floor-through condos.

On the market

Have breakfast at Tiffany’s

L

ive like Holly Golightly, for real. The Lenox Hill home that appears in the beloved Audrey Hepburn movie is on the market for $10 million. Located at 169 East 71st Street, the building is split into two duplexes, but can be converted for single-family use. Peter Bacanovic, a disgraced management consultant whose ties to Martha Stewart’s insider trading fiasco landed him in prison, was a former occupant.

$83,698

Median household income of the Upper East Side’s 191,649 residents Sources: New York Daily News, The Carl Schurz Park Conservancy

Pricey digs

Ritzy rentals on the Upper East Side PRICE $150,000/month ADDRESS 502 Park Avenue TYPE/SIZE Four bedrooms, six baths, one half bath; 6,278 square feet across two floors

Big deal

A gossip-worthy listing

LET THERE BE LIGHT If floor-to-ceiling windows aren’t sunny enough, then the private rooftop terrace should be.

PRICE $105,000/month ADDRESS 795 Fifth Avenue TYPE/SIZE One bedroom, one bath; 1,100 square feet ROOM WITH A VIEW The master bathroom of this apartment inside The Pierre Hotel features a soaking tub that looks out to city skyline views.

Source: StreetEasy

The penthouse at 1136 FIFTH AVENUE, which served as as the fictional home of “Gossip Girl” Blair Waldorf, is on the market.

In May, WARNER MUSIC GROUP CEO STEPHEN COOPER listed his pad for $30 MILLION. There was no filming here; however. Only the building’s exterior appeared during the show’s credits.

July/August 2014 | Luxury Listings NYC | 31

1 2

3

1) Ontario’s unique version of the Upper West Side 2) The interior of a model home at the development 3) Amenities at Upper West Side include a central courtyard.

UPTOWN, UP NORTH A small Ontario town gets its very own Upper West Side

I

developers dubbed the project Manhattan. They even n recent years, trendy New York City boroughs and went so far as to name the green space Central Park, neighborhoods have become branding powermodeling its gazebo on the Central Park carrousel. houses. In Madrid you can smoke Brooklyn-brand Keeping with the theme, they gave the buildings cigarettes, in Paris teens sport New York Universiblack balconies designed to mimic the “fire-escape ty hoodies and seemingly every major metropolis look.” They based the designs of the development’s in the world has its very own Williamsburg equivalent. garbage bins, plantings and street lights on photos But in Barrie, Ontario — population 128,000 — a new that they’d taken on visits to NYC. residential development is appropriating a less likely And while the residents of Barrie are eating up the NYC neighborhood: the Upper West Side.

NYC simulacra, true Upper West Siders are nonplused.

Barrie-based husband-and-wife development “Where will the Duane Reade be? Three buildings, team Heljar and Karen Hansen operate Pratt Homes, must have at least three Duane a small, family-run firm. In May, Reades,” one longtime Upper they broke ground on their latWest Sider told West Side Rag. est project: three four-story A three-bedroom condo Another pointed out that the buildings that they are collecdevelopment will be lacking tively dubbing the Upper West in the Canadian version the “kvetchers and komplainSide. Each building then has its costs just $89,000. ers.” Sadly, those elements of own NYC-based appellation: the the Upper West Side cannot be Rockefeller, the Bloomingdale replicated. On the bright side: no and the Empire. pesky co-op or condo boards. “We hear all those stoUnlike NYC’s Upper West Side — where the avries about the condo boards, and how you have to beg erage asking price for an apartment is well over $1 to get into a building in the Upper West Side. Certainly million — a three-bedroom condo (with underground nothing like that happens here,” Karen said. parking!) in the Canadian version costs just $89,000, And based on the success of their first two projaccording to the New Yorker. “How delightfully posh!” ects, “inspired by life in a big, exciting city,” Pratt is the developers write in their brochure. plotting a Greenwich Village–themed development: Karen told the New Yorker that, since the recession, a mixture of four-story apartment buildings and people have been drawn to the idea of an affordable townhomes, incorporating elements of Washington condo complex “with the glitz of the Upper West Side.”

Square Park. No word yet on whether the project will And the Upper West Side isn’t Pratt’s first New York also include pot dealers, chess players and hordes of City–themed development. Several years ago, the wealthy college students. —Christopher Cameron firm built a housing complex around a central green space. Inspired by its similarity to Central Park, the

32 | Luxury Listings NYC | July/August 2014

NEIGHBORHOODS

UPPER WEST SIDE

Housing costs

On the market

Running down the numbers

Walk, don’t run

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

$471,949 $724,045 $1,565,419 $5,103,565 $8,145,880

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

$2,280 $3,036 $4,874 $8,326 $14,188

Source: StreetEasy

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ooking for true privacy? A superrare listing at Pomander Walk — a small, gated street between West 94th and West 95th streets, with 27 low-slung Tudor-style homes — hit the market in May. The one-bedroom pad, which looks out to the private mews-like street, has a skylit kitchen and raised ceilings, and asks $875,000.

Fast facts

Lots of people, birds and all kinds of pickles 204,629 Population of the Upper West Side

177

Big deal

If these walls could talk

Species of birds seen in the Riverside Park Bird Sanctuary over the past 30 years, including the white-winged dove and the snowy owl

8

Number of pickled goods available at Jacob’s Pickles, located at 509 Amsterdam Avenue between West 84th and West 85th streets.

They include candy red beets, hot sours and sour green tomatoes.

Sources: Zillow, New York City Audubon Society, Jacob’s Pickles

Pricey digs

Pricey pads on the Upper West Side PRICE $68 million ADDRESS 25 Columbus Circle TYPE/SIZE Condo; six bedrooms, eight baths, one half bath; 8,274 square feet

A

ctress Demi Moore is looking to sell off her co-op home at the tony San Remo for $75 million, according to reports. It’s not publicly listed.

If the home trades for this price, it would break the $70 million record of the priciest city co-op ever sold. The package includes a triplex, as well as a two-bedroom unit she owns on the ground floor.

Celebrity watch

Simpsons spread

VIEWS FOR DAYS Enjoy the city skyline through four exposures.

PRICE $36 million ADDRESS 3 Riverside Drive TYPE/SIZE Mansion; six bedrooms, eight baths, one half bath; 10,867 square feet HISTORY HERE The five-story home dates to 1899 and has been “lavishly restored” over the past 18 years.

Source: StreetEasy

Actor HANK AZARIA, best known as the voice of bartender Moe Szyslak on “The Simpsons,” bought a co-op for $9.2 MILLION AT 75 CENTRAL PARK WEST. The home has three bedrooms, 4.5 bathrooms, direct elevator service and 63 feet of frontage on Central Park.

July/August 2014 | Luxury Listings NYC | 33

1 2

3

1) Midtown living means Times Square could be your backyard.

2) The gym at The Sheffield, a condo located at 322 West 57th Street 3) The Sheffield’s appealing pool

MIDDLE MARCH

Tourists beware: More families are flocking to live in Midtown

I

ing to Pete Culliney of CityRealty, as reported by the n the last couple of years, toddlers, carriages and Daily News. On the rental side, Midtown East experibabysitters have become more commonplace in enced a slight decrease: a one-bedroom apartment Midtown Manhattan. Working parents with their was $3,646 in March, compared with $3,770 one year children are increasingly moving to this frenzied earlier. In Midtown West, however, rents soared from neighborhood that’s best known for banks, offices $3,877 to $4,058. and Broadway shows.

Still, this represents a relative discount compared The perks of Midtown living are quite a few: For with other hip Manhattan nabes popular among young some working parents, it’s a faster commute to the families: A one-bedroom in Soho, for example, averworkplace, sometimes just a few blocks away; for ages $4,974 in rent, while a simiothers, it means the possibility to lar spread in Tribeca is $4,525. walk their children to school and Of course, living in Midto visit them during lunch breaks; For some parents, living in town means, well, living in Midfor others still it is the abundance town — where tourists, sidewalk of services and amenities availMidtown means less time vendors and pedicabs are conable within a short distance. commuting to work. stant fixtures. But increasingly, Ian Brandt and his wife moved new buildings are equipped to from Queens to Midtown after a provide tenants all they need fire damaged their house. They without having to leave home: gyms, heated pools, intended for the new neighborhood to be temporary, indoor basketball courts and pet spas. Another plus, but the family — which includes two kids, ages 10 families say, is the plethora of staff in these new months and seven — is now hesitant to leave. If before buildings; doormen, lobby attendants and concierges they were “Queens snobs,” they now appreciate what add an extra layer of security.

Manhattan has to offer: “It’s nice to be able to walk But ultimately, it may be the real estate truism — out of your apartment and do what you’ve gotta do,” location, location, location — that sums up Midtown’s Brandt told the Daily News. appeal. Local resident James Healy, who operates a As families have started to settle in Midtown, the Ben & Jerry’s shop at Rockefeller Center, says he ofprices of apartments in the area have increased, even ten checks in on his teenage daughter when he has a though other factors may also be contributing to the free moment. And living in Midtown has been a boon rise. A two-bedroom co-op apartment in Midtown to her social life, too: “We tend to always be the meethad a median price of $988,000 in the first quarter of ing place because everyone can get to us,” he said.

2013, while it exceeded $1 million in the same period — Lucia De Stefani for 2014. For condos, the median price went up from $1.4 million in 2013 to $1.66 million this year, accord-

34 | Luxury Listings NYC | July/August 2014

NEIGHBORHOODS

MIDTOWN

Housing costs

Developments

Running down the numbers

Miracle on 39th Street

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

$667,517 $1,238,508 $3,558,399 $10,777,043 $31,089,222

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

$2,987 $4,151 $7,500 $34,652 N/A

Source: StreetEasy

Fast facts

Summer flicks, a high pedestal and upscale eats 7 Number of movies to be shown at the HBO Bryant Park Summer Film Festival in July and August, including “Blazing Saddles,” “The Karate Kid” and “The Shining”

P

ermanent affordable housing is coming to Murray Hill. There will be a total of 20 affordable apartments — studios, one-bedrooms and two-bedrooms — at 200 and 210 East 39th Street. Their sizes will span 600 to 900 square feet and the rents are not yet available. In sum, the property will have 91 units total, a gym and rooftop space. It’s slated to open in 2015.

Nabe news

The bike stays in the picture

70

Approximate length, in feet, of the column underneath the statue of Christopher Columbus in Columbus Circle

$96

Price per person for the three-course prix fixe menu at Aureole, 135 West 42nd Street Sources: Bryant Park, DNAinfo, Aureole

T

Pricey digs

Ritzy rentals in Midtown PRICE $250,000/month

he rack of Citi Bikes in front of the Plaza Hotel isn’t going anywhere, whether the Plaza likes it or not. The Plaza’s attorney argued that the blue-colored station full of Citibank ads created an eyesore. But, in late spring, a Manhattan judge threw out a challenge to the block-long docking station, ruling that the Department of Transportation did a thorough review of the site before making the installation. Moreover, the judge ruled, the station does not interfere with the neighborhood’s nearby landmarks.

ADDRESS 455 Madison Avenue TYPE/SIZE Three bedrooms, five baths; 5,000 square feet across three floors AIM HIGH This penthouse inside the New York Palace Hotel has a terrace on the rooftop and a refrigerated champagne room.

PRICE $30,000/month ADDRESS 66 West 45th Street TYPE/SIZE Four bedrooms, four baths OPEN SESAME Each room in this hotel/ condo pad — with amenities like housekeeping services — has large windows with open views of the city.

Coming soon

Sony up

F

ollowing its $1.1 billion purchase at auction last year, the Sony Building at 550 Madison Avenue will be taking a new direction.

The property will house 96 condominiums, according to plans filed to convert a portion of the 37-story building.

Only Sony and AT&T have been tenants here, and Sony still leases offices inside.

Construction could be a year or two away, and it’s not yet clear how much the homes will cost or where inside they’ll be located.

Source: StreetEasy

July/August 2014 | Luxury Listings NYC | 35

SIMPLICITY

BEYOND SOPHISTICATION

PENTHOUSE 1A, $16.8 MILLION The Centurion’s only full floor penthouse, and one of the few private floors in Midtown, features two private South-facing terraces, 3,365 sq. ft of indoor space, 11 ft. high ceilings, North and South exposures, and a feeling of space that you want to experience for yourself. For an exclusive tour of the Centurion and Penthouse 1A, please contact New York Residence at 212.888.5633 or call real estate broker Thomas Guss at 212.360.7000, ext. 103.

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

John Gardner

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

File No. CD07-0132. This is not an offer to sell condominium units in any jurisdiction which requires prior registration and in which the Condominium is not registered. We are pledged to the letter and spirit of US policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

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

ONLY 6

APARTMENTS LEFT!

AMENITIES

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

New York Residence Inc.

New York Residence at the Centurion

1501 Broadway, 26 Floor New York, NY 10036 212.360.7000

33 West 56th Street New York, NY 10019 212.888.5633

www.NYR.com

www.CenturionCondo.com

th

1

2

3 1) A rendering of the hotel’s conference room 2) Many of the apartment-style suites have separate bedrooms.

3) A rendering of the swimming pool

LIVE LIKE A LOCAL

New hotel offers to replicate an “authentic” NYC-style apartment

T

cially toward visitors who are looking to stay in the hey’ve seen them on “Friends” and “Sex city for an extended period. and the City.” They’ve gawked at them in The apartments are all individually decorated, with real estate magazines and ads. And now, different art works hanging in every living room. The for visitors who’ve always dreamed of livinterior of the 17-story, 128-unit hotel is by artist and ing in an actual New York City luxury apartdesigner Joe Ginsberg; he took inspiration, he said, ment, they finally can. Sort of. from New York City itself. The fresh, white, Beaux-Art The forthcoming Marmara Park Avenue Hotel on –inspired interior is supposed to keep that “metropoliEast 32nd Street aims to give visitors a true New tan flair” for which Manhattan is known and loved.

York experience — by offering them a stay in what The eye for detail, along with the personal touchcould be a true apartment. While located off busy es in each unit, are similar to the ways New Yorkers Park Avenue South — which is always booming with would decorate their homes, people, traffic and sirens — the Ercan-Magden added. aim is for guests, upon entering Ginsberg, a born-and-raised the hotel, to find themselves in “We want our guests New Yorker himself, emphasized an urban oasis. So oasis-like, in to really stay in a that point. Nearly everything is fact, that it’s almost as if they’re custom and handmade — from home, according to Nur ErcanNew York City apartment.” the steel fireplace in the lobby Magden, the hotel’s manager.

—Nur Ercan-Magden, to the carpeting throughout the “We want our guests to really Marmara Park Avenue building. Ginsberg, who has a stay in a New York City apartbackground as a sculptor and a ment,” she said. painter, will decorate the hotel with his own artwork.

A glass arch will lead guests — or, erm, resiOne of his pieces, “Take the Bus” is a collage of parkdents — into a lobby. As opposed to the usual massive ing tickets he collected in the 1980s — adding yet ancheck-in counter, hotel staff here will sit at two handother layer of authenticity to the experience. designed desks in order to avoid that hotel feel.

The hotel, still under construction, is slated to open Rather than the traditional hotel room layout, in the early fall. Prices start at $550 a night for a sturooms at the Marmara are designed to look more like dio, between $650 and $750 for one- and two-bedapartments. Guests can pick among studios, onerooms and a whopping $10,000 per night for each of and two-bedrooms as well as three-bedroom duplex the hotel’s three penthouses. The Marmara will also penthouses. All units have kitchens and, apart from have a wellness center, a pool, common spaces and the studios, they all have separate living rooms. This a steam bath. Forty rooms will have private outdoor will be the American flagship of the Turkish hotel terraces. — Claire Moses chain the Marmara Collection, and it’s geared espe-

38 | Luxury Listings NYC | July/August 2014

NEIGHBORHOODS Housing costs

Nabe news

Running down the numbers

Safe streets

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

GRAMERCY/FLATIRON

Average May rents

$615,749 $883,507 $2,607,766 $4,146,590 $13,367,272

Studio 1 bed 2 beds 3 beds > 3 beds

$2,579 $3,447 $4,996 $6,865 $14,678

Source: StreetEasy

Fast facts

A historic club, decadent he Department of Transportation is taking steps to improve safety at the intersection of East 22nd Street and Third Avenue, after a review found T dinners and a short skyscraper it was one of the 20 most dangerous pedestrian crossings in the city. The DOT has painted “LOOK!” on the pavement to remind pedestrians to stay mindful and has installed signals that count down how much time there is 1898 to cross. Plus, in an effort to slow traffic, they’re mulling the removal of a Year in which the National Arts Club, 15 Gramercy Park South, was founded by author and poet Charles De Kay

southbound lane on a strip of Third Avenue. If the latter is approved, it will be taken out next year.

$120

Price per person for the seasonal dinner tasting menu at the Gramercy Tavern, 42 East 20th Street, which includes lobster salad, squid ink spaghetti and sea scallops

21

Height, in stories, of the Flatiron Building Sources: Eataly, Zillow, Shake Shack

M Pricey digs

Posh properties in Gramercy PRICE $37.6 million

eanwhile, the DOT revealed plans to add a bike lane along a several-block strip of FDR Drive, and to add or improve ones on 35th, 37th and 38th streets. The FDR lane will be two-way and will run in between 34th and 37th streets.

The proposal awaits approval from the local community board.

ADDRESS 18 Gramercy Park TYPE/SIZE Condo; eight bedrooms, 10 baths, one half bath; 8,414 square feet across two full floors

Big deal

A fashionable buy

GO GREEN Get your slice of Gramercy Park with 80 feet of frontage facing the park.

PRICE $8.9 million ADDRESS 50 Gramercy Park North TYPE/SIZE Co-op; three bedrooms, three baths, one half bath; 2,988 square feet SUITE LIFE The home includes access to Gramercy Park Hotel amenities, such as a gym and housekeeping services.

Source: StreetEasy

Fashion designer DEREK LAM and his partner Jan-Hendrik Schlottmann recently bought a pad at 50 GRAMERCY PARK NORTH for $4.8 MILLION, after unloading their 92 Greene Street loft for $5.3 million. Their new home has floor-to-ceiling windows and room service.

July/August 2014 | Luxury Listings NYC | 39

1

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4

3

1) An interior at 551 West 21st Street 2) South Asian vegetarian delights at Dil-E Punjab Deli 3) Soon-to-close Alan’s Alley Video 4) A penthouse at Chelsea Enclave

STAYING PUT, FOR NOW

Chelsea mom-and-pops are riding the latest wave of gentrification

N

advertising “Vegan Indian Food” that’s “Pure Vegot too long ago, Chelsea was a slightly etarian,” according to the Times. He pays a “similar” grungy neighborhood on the fringes of rent as Kraus, said the Times. the city. But not anymore. As high-priced Interestingly, according to Jason Pruger, execuresidential projects like 505 West 19th tive managing director at commercial real estate Street — where a one-bedroom is listed firm Newmark Grubb Knight Frank, retail spaces on for $2.1 million — continue to mushroom, especially the Ninth Avenue corridor between West 18th and around the uber-popular High Line, old-time retailers 23rd streets ask an average of $125 per square foot — are shuttering their stores, falling victim to the area’s a figure that hasn’t really changed over the past year. changing demographics.

But the neighborhood, as a whole, is undoubtedly Alan’s Alley Video space at 207 Ninth Avenue is on an upward trajectory: Across the street, the up for lease after 26 years in business. Closed shops Chelsea Enclave condo has a anchor both ends of the eastern $16 million penthouse on the block of Ninth Avenue between market; meanwhile, the nearby 20th and 21st streets. But in the “As long as we understand Norman Foster–designed 551 interest of staying afloat, some West 21st Street has a $50 millong-standing businesses are what our customers really changing their look to cater to want from us, we’ll be fine.” lion penthouse for grabs.

“Thankfully, we’ve seen a Chelsea’s increasingly high—Barking Zoo owner Alan Kraus moderate increase in sales this class residents, according to the year, which is what we need to New York Times. continue,” Kraus told the Times.

Alan Kraus has owned the “As long as we understand what our customers really pet-supply store the Barking Zoo at 172 Ninth Avenue want from us, we’ll be fine.” for 14 years. He now sells organic pet food that comes But Singh has a different situation on hand. He told from local sources, as well as accessories, including the Times that he has more customers, but added an “I Love Chelsea” dog sweater — an item that’s popthat 40 percent of his business went down the drain ular among tourists looking for a cute souvenir from due to Ninth Avenue’s bike lanes, which prevent taxis a trendy nabe. His rent increased to $6,500 per month from parking in front. this year from the previous monthly dues of $5,000.

Singh’s lease comes due in two years and he Next door, at 170 Ninth Avenue, is the Dil-E Pundoesn’t know yet whether he’ll be able to stick jab Deli, which Mohinder Singh has owned for two around. ”If I can get some break in rent, I’d like to stay decades. Though his business is mainly marketed here,” he told the Times. “I can only trust in God.” to taxi drivers, he now pushes his lunch and dinner — Zachary Kussin buffet ads to wealthier (as well as greener) tastes by

40 | Luxury Listings NYC | July/August 2014

NEIGHBORHOODS Housing costs

Nabe news

Running down the numbers Average May sale prices Studio 1 bed 2 bed 3 bed > 3 beds

CHELSEA

Average May rents

$459,062 $1,229,396 $2,670,517 $6,792,598 $12,195,400

$2,579 $3,447 $4,996 $6,865 $14,678

Studio 1 bed 2 beds 3 beds > 3 beds

Source: StreetEasy

Fast facts

Park space, well-dressed pies and room count 1

Going greener?

I

n addition to the celebrated High Line, Chelsea could get more park space.

The city is considering relocating a planned affordable housing development at a 10,000-square-foot lot at 136 West 20th Street to another location — which could make way for a park. This corner of Chelsea lacks green space, advocates say, and a petition to make this area a park has gained 4,000 signatures.

Business

Ole!

T

he 84-year-old El Quijote restaurant located on the ground floor of the Hotel Chelsea will stay put, despite the building’s redevelopment as an upscale hotel property.

The hotel’s new owner bought the eatery for an undisclosed price; the resto will be incorporated into the hotel, with its menu and ambience preserved.

Length, in miles, of the High Line

$32

Price for an 18-inch Artichoke pizza at Artichoke Basille’s at 114 10th Avenue.

The pie comes dressed with artichoke hearts, spinach, cream sauce, mozzarella and Pecorino Romano cheese.

Developments

220

Flea flees

Number of rooms at the Hotel Chelsea

A

Sources: The High Line, Artichoke, Daily Mail

Pricey digs

Pricey pads in Chelsea PRICE $51.5 million ADDRESS 212 West 18th Street TYPE/SIZE Condo; six bedrooms, seven baths, one half bath; 8,094 square feet

hotel will replace the 20-year-old Antiques Garage flea market at 112 West 25th Street. The market, which closed in late June, will have the bulk of its vendors move to the West 25th Street Market, which is a half block away.

The others will go to a flea market in Hell’s Kitchen.

Celebrity watch

Mamie on the move

COMBO DEAL This is a combination of a penthouse and a separate one-bedroom residence.

PRICE $23 million ADDRESS 200 11th Avenue Source: StreetEasy

TYPE/SIZE Condo; three bedrooms, three baths, one half bath; 3,598 square feet

AS SEEN ON TV This home was featured in the third season of “Million Dollar Listing New York.”

MAMIE GUMMER, the actress daughter of Academy Award winner Meryl Streep, is moving to Chelsea. Gummer recently bought a two-bedroom co-op home at the Broadmoor, located at 315 WEST 23RD STREET, for $1.74 MILLION. The home has a marbled master bathroom, beamed ceilings and oak flooring.

July/August 2014 | Luxury Listings NYC | 41

A rendering of the Whitney, as seen from the High Line

WORK IN PROGRESS Underwhelming architecture at the upcoming Whitney Museum

I

ect always looks its worst during the purgatorial inn the spring, I had the opportunity to see one of terval between the rendering and the consummation.

New York’s biggest works in progress: the new That said, despite the repeated assurances of the Whitney Museum on Gansevoort Street, whose Whitney staff that the interiors were not cavernous, official opening is still several months away. The they certainly looked cavernous on this most recent structure is topped out and largely complete in its visit. Indeed, they seemed to reenact the well-oiled, bare bones, though it remains very much a hard-hat overfunded maximalism that plagued the Modern’s zone and the interiors are still a tangle of drywall, dust expansion some ten years ago. and exposed electrical fixtures.

If the interior is still an open question, the exteNevertheless, it was possible to get a more marior is coming into focus. I was never too impressed terial sense of the place. The eight-story structure

by Renzo Piano’s plan, and I am promises, for the first time, to ofafraid that my recent visit has fer the amount of space that will made me less so. Piano has enable the museum to exhibit The museum’s Madison had two idioms in his career: a its permanent collection as the Avenue building was cut neo-industrialist phase, most Museum of Modern Art and the evident in his early work on the Metropolitan Museum of Art now off from the city, while the Centre Pompidou in Paris, and an do — not as an afterthought to new site revels in the views. austerely rectilinear style — one temporary exhibitions, but as the might almost call it industrial main event of one’s visit.

Gothic — that is evident at the The spirit of real estate hangs Times Building on 41st Street and 8th Avenue. over this fourth and latest incarnation of the Whitney In the new Whitney, the former reappears, and it Museum of American Art. Whereas the Marcel Breuer looks no better. Add to the mix a homage to Breuer’s megalith on Madison Avenue was largely windowless building as well as deconstructivist asymmetry and and cut off all sense of the city beyond, the new buildthe result is a stylistic mumble. We have to wait until ing revels in curtain-walled windows 16 feet high and the scaffolding comes down, of course. But I am not 100 feet across, offering the sort of city and river confident that it will look sufficiently better to call the views that are the stuff of developers’ hyperventilatnew Whitney — architecturally speaking — a success. ing brochures. This amenity is enhanced by delight—James Gardner ful terraces on the upper floors, offering incomparaGardner is the architecture critic for The Real Deal magazine ble glimpses of the great metropolis.

As for the architecture itself, the final verdict will have to await the completion of the building. A proj-

42 | Luxury Listings NYC | July/August 2014

New York CitY

HamptoNs

CoNNeCtiCut

New JerseY

HudsoN ValleY

MIDTOWN WEST, NEW YORK CITY CONDO IN THE SKY | 2BR/2BA | $1.799M | Web#10084783 Jenet Levy 212.381.4268

UPPER EAST SIDE, NEW YORK CITY

FLATIRON, NEW YORK CITY

HIGH ATOP FIFTH AVENUE | 3BR/4BA | $20M | Web#9587775

1BR + HOME OFFICE | 1BR/2BA | $1.725M | Web#1183998

S. Christopher Halstead 212.381.3220 | Gzime Leka 212.381.2473

Dina Cohen 212.381.6502

UPPER WEST SIDE, NEW YORK CITY TERRACE + VIEWS | 2BR/2BA | $1.695M | Web#9775862 Louise Phillips Forbes 212.381.3329

ANCRAM, NEW YORK

UPPER WEST SIDE, NEW YORK CITY

HERMITAGE FARM | 85 ACRES | $1.9M | Web#10132514

24-FOOT WIDE TOWNHOUSE | 8BR/5 FULL, 2 HALF BA | $12.9M | Web#9264703

Nancy Felcetto 518.821.5509 | Robin Horowitz 212.381.6564

Dean Feldman 212.381.2213 | Barbara Weinstein 212.381.2208

Halstead Property, LLC; Halstead Hudson Valley, 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.

GREENWICH VILLAGE

NEIGHBORHOODS

Housing costs

Strange happenings

Running down the numbers

Sundae pricey sundae

Average May sale prices

ooking for statement pieces of food?

Head to Bagatelle at 1 Little West 12th Street, which unrolled a $1,000 ice cream sundae this spring. Dubbed the Mauboussin Mega Sundae, the decadent dish includes homemade macarons, Dom Perignon rose sorbet with gold leaves, chocolate vodka sauce and gilded brownies.

It’s served with a non-edible white gold ring on the side — for that price, it ought to.

Average May rents

$614,913 $1,198,522 $3,425,121 $6,264,371 $17,903,103

Studio 1 bed 2 bed 3 bed > 3 beds

Studio 1 bed 2 beds 3 beds > 3 beds

L

$2,885 $3,947 $6,446 $11,771 $15,136

Source: StreetEasy

Fast facts

Tasty burgers, spicy drinks and an expensive education 9 Burgers on the menu at Umami Burger at 432 Sixth Avenue, including the Ahi Tuna Burger, the veggie Earth Burger and the Truffle Burger

Business

$12

Price for a housemade Bloody Mary, spiked with bourbon, off the brunch menu at August, an eatery at 359 Bleecker Street

$37,800

Cost per year per student in grades 8 through 12 to attend the City and Country School at 146 West 13th Street Sources: Umami Burger, August, City and Country School

Pricey digs

High-end homes in Greenwich Village

Georgia rules

G

et your Georgian fare at 174 Bleecker Street.

No, not barbecue — cuisine from the Eurasian country.

The new eatery is called Old Tbilisi — named for the country’s capital — and seasonings for the food will come straight from Georgia, adding to the authenticity. A particular item of note: khachapuri, which is a baked cheesy bread, somewhat similar to a calzone.

Big deal

A designer’s new digs PRICE $29.995 million ADDRESS 61 Fifth Avenue TYPE/SIZE Condo; four beds, four baths; 5,924 square feet across three floors GRILL ON This home’s private roof terrace has a gas grill and a kitchenette.

PRICE $34 million ADDRESS 116 Waverly Place TYPE/SIZE Townhouse; seven bedrooms, seven baths, four half baths; 11,000 square feet across six stories PARTY ON Invite your friends to hang in the rooftop pool.

Source: StreetEasy

44 | Luxury Listings NYC | July/August 2014

Fashion bigwig CYNTHIA ROWLEY bought a three-story townhouse property in the West Village this spring for $11 MILLION. Located at 16 MORTON STREET, the home stands 25 feet wide and has 4,500 square feet. The building holds multiple dwelling units, but was marketed as a singlefamily conversion.

We define our neighborhoods as much as they define us.

33 Irving Place 212.557.6500

110 Fifth Avenue 212.633.1000

26 Astor Place 212.584.6100

730 Fifth Avenue 212.242.9900

239 East 79th Street 212.929.1400

337 West Broadway 212.924.4200

530 LaGuardia Place 212.557.5300

88 Greenwich Street 212.269.8888

446 West 14th Street 212.604.0300

33 Irving Place 212.557.6500

SEARCH EVERY MA N H AT TA N LI S T I N G A LL ON ON E A P P. S E A R C H : T OWN R E S I DE N T IA L .

TOWN Residential, LLC (“TOWN”) is a licensed real estate broker and a partnership of Buttonwood Residential Brokerage, LLC and Thor Equities, LLC. All property listing information, including, but not limited to, square footage, room count, and number of bedrooms are from sources deemed reliable, but are subject to errors, omissions, changes in price, prior sale or withdrawal and should be verified by your own attorney, architect, engineer or zoning expert. This is not intended to solicit property already listed. TOWN’s owns the following subsidiary real estate brokerages: TOWN Astor Place LLC; TOWN Fifth Avenue LLC; TOWN Flatiron LLC; TOWN Gramercy Park LLC (“TOWN Gramercy”); TOWN Greenwich Street LLC (“TOWN Financial District”); TOWN Greenwich Village LLC; TOWN Soho LLC; TOWN West Village LLC; or TOWN 79th Street LLC (“TOWN Upper East Side”). *The complete offering terms are in an offering plan available from Sponsor File No. CD13-0208. Tribeca Development Partners, LLC – 2580 Sunrise Highway, Bellmore, New York 11710

520 WEST 19TH STREET - PH

5 BR, 5.5 BATH • WEB ID: 738305 • $21.5 M ADAM TAYLOR 646.998.7447 WILBUR GONZALEZ 646.738.6937

15 LEONARD STREET*

4 BR, 3.5 BATH • WEB ID: 352301 • $6.99 M BRETT MILES 646.998.7427

430 EAST 10TH STREET

4.5 BR, 3.5 BATH WEB ID: 303796 $4.498 M JOHN CARAPELLA 646.532.4904 DAVID SCHNEIDER 646.790.2602 •

•

400 WEST STREET - TH

5 BR, 4.5 BATH • WEB ID: 857836 • $21.5 M SUSAN GREEN 646.998.7428 ANDREW AZOULAY 646.738.2655

195 HUDSON STREET

3 BR, 3 BATH • WEB ID: 107470 • $4.995 M DENISE THOMOPOULOS 646.300.6045

466 WASHINGTON STREET

4 BR, 2.5 BATH • WEB ID: 375784 • $3.2 M STEVEN GOLD 646.998.7403 CHRIS WHELAN 646.998.7439

1

2 3

5

4

1) The glassy Mondrian Soho 2) Gelato is on offer at Sonny’s Soda Shoppe.

3) Cocktails perfect for summer nights.

4) The scene at Sonny’s 5) The roof is inspired by Italian beach resorts.

UP ON THE ROOF An Italian beach-inspired bar comes to Soho’s highest perch

S

of 1950s Italy creates the perfect mix of whimsy and oho in the summertime all too often means elegance that will intrigue and excite the guest.” navigating sardine-packed sidewalks and The hotel also brought on mixologist Julio Torres sweating into your designer shopping to create the bar’s themed cocktails ($18), such as the bags. But now, a breezy and boozy MediDolce Verde (with Avion Blanco tequila, olive oil, honterranean escape has opened atop the eydew, arugula, tarragon and lime), as well as the Chi25th floor of Soho’s Mondrian hotel. notto (with Buffalo Trace bourbon, Mirto Di Sardegna In May, Morgans Hotel Group unveiled Sonny’s and Yuzu Liqueur). For fans of the brain-freeze, there Soda Shoppe at Mondrian Soho, an Italian-inspired are gelato floats for grownups: The Sonny’s Blood Orrooftop gelateria and cocktail bar perched on Soho’s ange Gelato Float is made with Don Julio Anejo tequitallest rooftop, according to Luxury Travel Magazine. la, chartreuse, vanilla gelato and blood orange soda.

Inspired by famed Italian beach resort Forte Dei Of course, no self-respecting Marmi, the owners have attemptItalian-themed lounge can avoid ed to create a “beach resort in the serving pizza. But it just so hapsky” complete with a gelato stand, It’s a brightly colored pens that Sonny’s is serving up craft Italian cocktails, gourmet combination of nostalgia some of the best authentic ItalSicilian pizza and a 30-foot photo ian pizza that NYC has to offer. mural of the Italian coast. It’s a and glamour.

Using locally sourced ingredibrightly colored combination of ents, Isola Trattora and Crudo nostalgia and glamour, making it Bar’s executive chef Victor LaPlaca created a menu of the ideal spot to spend an afternoon sipping a Camfive signature pizzas. pari Spritz, or enjoying late-night drinks to the tune of Finally, if you are feeling like something sweet, or live music acts or hip New York DJ’s. are leaning in a teetotalerish direction, the rooftop’s To bring the space to life, the Mondrian tapped degelato stand features artisanal frozen treats from signer DeVinn Bruce, who used iconic Italian umbrella il Laboratorio del Gelato. Rotating flavors include stripes and a custom photomural to transform the enespresso and pistachio. tire 3,000-square-foot indoor/outdoor penthouse into Design and amenities aside, it’s the rooftop’s una classic 1950s Tuscan beach club. paralleled 360-degree views that inspire a sense of “With the plethora of rooftop bars in Manhattan, true luxury. So sit back, sip some liquor-laced geour creative team wanted to create an experience lato and peer smugly down at the shoppers below. that you wouldn’t usually find on top of a skyscraper,” —Christopher Cameron Alan Philips, chief marketing officer of Morgans Hotel Group, told Luxury Travel Magazine. “Something about the idea of a rooftop gelato stand with a taste

48 | Luxury Listings NYC | July/August 2014

NEIGHBORHOODS Housing costs

Business

Running down the numbers

Western wares

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

SOHO

Average May rents

N/A $1,839,502 $3,739,914 $6,175,763 $16,059,814

Studio 1 bed 2 beds 3 beds > 3 beds

$4,001 $4,337 $8,798 $14,215 $21,885

Source: StreetEasy

Fast facts

Fancy French treats, luxe Israeli soap and pretty high prices $49

Price for Le Brunch Ladurée — which includes pastries, macarons and scrambled eggs — at the ornate Ladurée outpost at 396 West Broadway

R

ustic and hip label Will Leather Goods opened an East Coast outpost at 29 Prince Street this spring. Among the bags, wallets and shoes for sale are limited-edition lines and products, including the Oaxacan collection, which boasts veggie-dyed and woven belts and laptop cases in bright Zapotec patterning. The business has other locations in Venice, Calif., and Portland, Ore.

Nabe news

6

Types of shower gel for sale at Israeli bath products store Sabon at 123 Prince Street. At $14 apiece, scents include lavender, vanilla talc and ginger orange.

$2,328

Median listing price per square foot for Soho homes Sources: Menu Pages, Sabon, Zillow

Pricey digs

Ritzy rentals in Soho PRICE $23,000/month ADDRESS 37 Great Jones Street TYPE/SIZE Three bedrooms, three baths, one half bath; 13,000 square feet

More art in Soho

A

rtist Damien Hirst’s Other Criteria — a British arts publishing company with a retail arm — has opened its first U.S. store location in Soho. Located at 458 Broome Street, the 3,500-square-foot two-level shop sells versions of Hirst’s art on rugs, guitars and tote bags. Works by other artists are also for sale here, like those of Sarah Lucas and Peregrine Honig, and the lower-level gallery space also hosts events.

Celebrity watch

Kelly cashes out

SWEET FEATURES This duplex penthouse has a key-locked elevator entrance and two terraces.

PRICE $47,500/month ADDRESS 158 Mercer Street TYPE/SIZE Three bedrooms, three baths, one half bath; 4,700 square feet MAKE IT COUNT Take in views through 19 oversized windows.

Source: StreetEasy

Talk show great KELLY RIPA is in contract to sell her sprawling Soho penthouse at 76 CROSBY STREET for an undisclosed sum.

She and hubby Mark Consuelos listed the nearly 7,000-square-foot duplex in January for $24.5 MILLION. They got it for $9.5 million in 2005. The pad has a 3,000-square-foot roof deck — great for summer.

July/August 2014 | Luxury Listings NYC | 49

1 5

4

2 3

1) The penthouse’s minimalist interior 2) The exterior of the hotel 3) Natural materials like wood and stone adorn the space.

4) The drawing room 5) Many materials are reclaimed and repurposed.

THE LUXURY OF LESS The lavish Greenwich Hotel finally unveils its sparkling yet simple suite

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dealer and design guru Axel Vervoordt and the Japauiet and solitude are rare gems in the nese architect Tatsuro Miki to convert the two-story city — as such, they’re the ultimate apartment, which had been relegated to storage luxuries. Can you really put a price space. Some design adjustments — the demolition of on such peace? Well, the newly the roof, red bricks in plain sight to match the buildopened penthouse at Tribeca’s Greening’s exterior, and a new pergola — created a look simiwich Hotel does: $15,000. That’s how much it costs lar to the older industrial profile of Tribeca. to sleep a single night atop custom-made sheets in As for the interior space, with textured walls and this posh perch on the corner of Greenwich and North muted tones, it evokes “a feeling of silence and space Moore streets. in the middle of New York,” as Vervoordt explained It’s not crystal chandeliers or mahogany wardto the Hollywood Reporter. Many of the objects robes that make this penthouse special. Rather, it’s were carefully selected on local excursions or overthe suite’s spare design, inspired by the principles seas trips. The idea was to pair of wabi-sabi, an ancient Japaa global thinking with a local nese aesthetic that draws upon The penthouse evokes feeling: Objects with a humble minimalism, austerity, simplicity nature — such as pebbles and and the beauty of natural imper“a feeling of silence pieces of lumber from upstate fections. But make no mistake: and space in the middle New York — became coffee taminimalist doesn’t necessarbles and chests; two weathered ily mean small. The breathtaking of New York.” wood tabletops form part of the 2,800-square-foot suite, known –designer Axel Vervoordt ceiling in two of the bedrooms. as the Tribeca Penthouse, has Vervoordt’s style pleases three bedrooms, a drawing room, De Niro’s taste: “I identified with the craftsmen,” said massive fireplaces, plus a 4,000-square-foot multithe actor to Travel and Leisure in a 2008 interview. leveled terrace that features a breathtaking view of “I respect that way of working: taking something very the Hudson River from a granite-rimmed heated pool. basic and making something quite rare out of it.”

The suite, which opened in April, finally puts a With that premise, the hotel’s owners were thrilled crown atop the glass-and-brick Tribeca building. The with the results. “Tribeca has its own ambiance and hotel, owned by Robert De Niro and partner Ira Drukier, feeling,” said De Niro to the Hollywood Reporter. “Axel opened six years ago, but its uppermost two stories, wanted to respect that and pull in elements of the city. with a copper mansard roof, was left undeveloped It’s more than interior design: It is art.” due to bureaucratic hurdles with the NYC Landmarks — Lucia De Stefani Preservation Commission.

De Niro and Drukier hired renowned Belgian art

50 | Luxury Listings NYC | July/August 2014

NEIGHBORHOODS Housing costs

Nabe news

Running down the numbers

Signs of the times

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

Studio 1 bed 2 beds 3 beds > 3 beds

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hanks to the potent combo of a heated real estate market and a decimated publishing industry, another independent bookstore has closed. Manhattan Books at 150 Chambers Street, in business since 1990, shuttered its doors in the spring. Word is that the store’s lease was up and rent was set to triple. A former staffer told the Tribeca Citizen the space could give way to a Hale & Hearty outpost “or something similar.”

Average May rents

$1,772,142 N/A $3,031,785 $4,738,942 $12,407,953

TRIBECA

$4,964 N/A $8,464 $14,333 $19,487

Source: StreetEasy

Fast facts

Park space, a plethora of peas and a ginormous grocery 0.32

Size, in acres, of triangular Tribeca Park

$38

Price for the marinated quail entree at Landmarc, 179 West Broadway, which comes with grilled pea shoots and pea puree roasted potatoes

69,000

Size, in square feet, of the Whole Foods Market at 101 Warren Street Sources: NYC Parks, Landmarc, Downtown Express

I Pricey digs

High-end homes in Tribeca PRICE $27.5 million ADDRESS 30 Park Place TYPE/SIZE Condo; five bedrooms, six baths, one half bath; 5,937 square feet

n other publishing-related news, a former book bindery at 443 Greenwich Street will be converted to 53 condo homes, which are not yet on the market. There will be 45 lofts between 2,000 to 5,000 square feet and eight penthouses sized between 3,500 to 9,500 square feet. Amenities include a 71-foot indoor pool and a landscaped roof terrace.

Celebrity watch

“Proof” of purchase?

LET IT BURN The home features a double-height gasburning fireplace.

PRICE $24.5 million ADDRESS 60 Warren Street TYPE/SIZE Condo; seven bedrooms, four baths, three half baths; 10,911 square feet AIM HIGH This penthouse stands five stories and has three terraces.

Source: StreetEasy

Is JAKE GYLLENHAAL moving to Tribeca?

The actor was spotted scoping out a landmarked Tribeca townhouse at 37 HARRISON STREET, which entered into contract in late May. It’s not clear, however, whether Gyllenhaal bought it.

The home — with three bedrooms, six woodburning fireplaces and a garden — was listed for $3.8 MILLION.

July/August 2014 | Luxury Listings NYC | 51

1 2

3

1) Patrons dining and drinking inside the new Russ & Daughters Café 2) No paper here: Sandwiches are served on individual boards.

3) Appetizing delights

FISH YOU WERE HERE New Russ & Daughters Café epitomizes LES’s increasingly upscale dining scene

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comfort food at New York City prices. Other upperhe lox tastes the same. The bagels are just crust newcomers include eclectic eatery Rosette — on as fluffy. The latkes are as crispy as you reEast Broadway at Canal Street, once home to a kosher member them. vegetarian chain restaurant — and the sophisticated The setting, however, has changed: Inluncheonette El Rey on Stanton and Ludlow streets. stead of picking a number and waiting for The Lower East Side’s upward trajectory is a bit your sandwich in front of a crowded counter, cusironic for a neighborhood that was once known for tomers can now sit at a shiny white bar and order a its working class and immigrant residents. Artistic martini. The sandwiches are no longer wrapped in types started moving into the LES in the 1960s; more paper; instead, diners are served on individual woodgentrification followed in the 1990s as bars and clubs en boards. And rather than devouring your bagel on transformed the area into a destiHouston Street, you’re now seated nation. Today, the rapidly developin a booth. And, of course, prices Waiters wear aprons and ing ’hood has a new demography have gone up. once again, with young profesWelcome to the new Russ & caviar prices reach $1,970 sionals paying high rents in highDaughters Café at 127 Orchard for 500 grams of Osetra rise buildings.

Street, where the waiters wear When Erin Rodriguez moved to aprons and the prices for caviar Gueldenstaedtii. the Lower East Side 14 years ago, reach $1,970 for 500 grams of Os“it was kind of a rough neighboretra Gueldenstaedtii. The upscale hood,” she said. But today, “people are being pushed eatery, which opened in May, is the latest incarnation out and storefront rent is through the roof,” said Roof Russ & Daughters, the smoked fish emporium that driguez, an agent for brokerage Douglas Elliman. first opened on the Lower East Side in 1914.

Flora Theden lives on Rivington and Allen Street.

While only three blocks away from the landmark She recently attended a community board meeting on shop where the store has been located since 1920, behalf of The Derby, a client of the PR firm for which the shiny, white new interior of Russ & Daughters Café she works, to apply for a liquor license. “There’s a clear represents the dining scene in the Lower East Side of clash between people who want the neighborhood to 2014: upscale, hip and expensive. change and people who don’t,” said Theden, 25.

As the neighborhood continues to gentrify, the While she has only lived in the neighborhood for Russ and Daughters Café is just one of the latest restwo years, Theden said she’s witnessed high-end taurants to give traditional food a fancy touch. On the new restaurants replace old-time eateries at a very corner of Orchard and Stanton streets, Rob Shamquick pace. “Things are changing on a weekly basis,” lian — who also owns local spots Spitzer’s Corner and she said. —Claire Moses Fat Baby — opened The Derby, which serves Southern

52 | Luxury Listings NYC | July/August 2014

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LES/EAST VILLAGE

NEIGHBORHOODS

Housing costs

Business

Running down the numbers

Sticking to the books

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

Average May rents

$416,833 $601,337 $922,594 $1,553,333 $12,965,000

$2,675 $2,918 $4,125 $4,648 $8,683

Studio 1 bed 2 beds 3 beds > 3 beds

Source: StreetEasy

S

core one for the indies!

Well, sort of. Having raised money from crowdfunding site Indiegogo, the popular but struggling St. Mark’s Bookshop is opening new digs at 136 East 3rd Street. The store left its longtime location at 31 Third Avenue due to rising rents. (Tribeca booksellers haven’t been as lucky — see page 51.)

Fast facts

Dogs, fries and people 1

Topping on the “temptee dog” at Crif Dogs at 113 St. Mark’s Place: a schmear of cream cheese

28

Housing

Specialty sauce flavors at Pommes Frites at 123 Second Avenue. These include pesto, roasted garlic and sundried tomato.

85,418

Number of residents in the Lower East Side Sources: Crif Dogs, Pommes Frites, Zillow

Pricey digs

Expensive rentals in the East Village PRICE $35,000/month

Lofty goals

I

f you’re an artsy type who’s been priced out of the hip areas of Williamsburg and Dumbo, you might want to check out a rental at 371 Madison Street.

This former elementary school — which had formerly been planned as condos — has 117 lofts (many of them duplexes) where rents will start at $2,950 per month. Residents at the building will have access to a pool, gym, roof deck and courtyards.

ADDRESS 38 East 1st Street TYPE/SIZE Three bedrooms, three baths, one half bath; 5,000 square feet

Dining

Jamaican me crazy

VIEWING PLEASURE This home boasts four exposures, 16-foot ceilings and 33 doubleheight windows.

PRICE $9,500/month ADDRESS 105 Norfolk Street TYPE/SIZE Three beds, three baths; 2,186 square feet TAKE CONTROL A Crestron system controls the pad’s air conditioning, lighting, window treatments and audio/visual systems.

T Source: StreetEasy

54 | Luxury Listings NYC | July/August 2014

he folks behind the popular Jamaican restaurant Miss Lily’s opened up a new location at the space formerly occupied by 7A Café, a beloved 24hour joint that had been a neighborhood staple for decades. Dubbed Miss Lily’s 7A Cafe, menu items include the popular jerk chicken dish, as well as beer and tropical drinks. It’s aptly located at East 7th Street and Avenue A.

We define our neighborhoods as much as they define us.

180 EAST 93RD STREET

109 GREENE STREET

4 BR, 4 BATH ● WEB ID: 412258 ● $26,000 MONTH GINGER BROKAW 646.998.7408 HANNAH REINHARD 646.300.6046

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48 MERCER STREET

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3 BR, 3 BATH ● WEB ID: 655606 ● $22,000 MONTH MITCHELL H. SIMMONS 646.561.5342 STEPHEN FERRARA 646.561.5306

2.5 BR, 2.5 BATH ● WEB ID: 278527 ● $20,000 MONTH SASHA BRUNO 646.738.2667

16 BUTLER STREET - TH

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4 BR, 2.5 BATH ● WEB ID: 162265 ● $14,000 MONTH TERRY NAINI 917.841.1826

3 BR, 3 BATH ● WEB ID: 616329 ● $17,900 MONTH SOFIA FALLERONI 646.300.6041

110 Fifth Avenue 212.633.1000

26 Astor Place 212.584.6100

730 Fifth Avenue 212.242.9900

239 East 79th Street 212.929.1400

88 Greenwich Street 212.269.8888

530 LaGuardia Place 212.557.5300

446 West 14th Street 212.604.0300

337 West Broadway 212.924.4200 33 Irving Place 212.557.6500

S E A R C H E V E RY M A N H AT TA N L I S T I N G A L L ON ON E A P P. S EA R C H : T OW N R ES I D EN T I A L .

TOWN Residential, LLC (“TOWN”) is a licensed real estate broker and a partnership of Buttonwood Residential Brokerage, LLC and Thor Equities, LLC. All property listing information, including, but not limited to, square footage, room count, and number of bedrooms are from sources deemed reliable, but are subject to errors, omissions, changes in price, prior sale or withdrawal and should be verified by your own attorney, architect, engineer or zoning expert. This is not intended to solicit property already listed. TOWN’s owns the following subsidiary real estate brokerages: TOWN Astor Place LLC; TOWN Fifth Avenue LLC; TOWN Flatiron LLC; TOWN Gramercy Park LLC (“TOWN Gramercy”); TOWN Greenwich Street LLC (“TOWN Financial District”); TOWN Greenwich Village LLC; TOWN Soho LLC; TOWN West Village LLC; or TOWN 79th Street LLC (“TOWN Upper East Side”).

A rendering of the heart of the mall, known as the “Oculus.” Expected stores include Kate Spade, Apple and the Kooples.

TALKING SHOP

Will developers of the WTC mega-mall be able to lure luxe brands?

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want to use that space for signage or product display, he developers of the massive shopping sources said. Apple even sought a design variance, center coming to the World Trade Center but was turned down, said one retail source. site are pulling out all the stops to attract “Do you think Karl Lagerfeld will be okay with playluxury brands to the complex. ing second fiddle to an architect?” another insider In advance of the mall’s opening next said. “It is all about clashing egos.” year, developers the Westfield Group are relying on Nonetheless, a total of 150 brands are expected at the influence of Vogue editor-in-chief Anna Wintour. the complex. Tom Ford, Tiffany & Co. and one of the The grande dame of fashion is reportedly making calls Giorgio Armani fashion brands are expected to take and joining tours to convince designers to take space three of the project’s four street-level stores. at the project. (Vogue — whose parent company ConThe heart of the complex, Cadé Nast will be anchoring the oflatrava’s so-called “Oculus,” will fice component of 1 World Trade “Do you think Karl Lagerfeld have approximately 40 stores, Center — declined to comment.) including Apple, Kate Spade, Despite Wintour’s endorsewill be okay with Zadig & Voltaire, Cole Haan, ment, insiders say that some playing second fiddle Montblanc and the Kooples. high-end retailers are balking at The rest of the mall will feature the project’s design. The jewel to an architect?” lower-priced brands that still of the massive, 365,000-square—A retail insider have cache, including Lacoste, foot complex is a spiny, etheTumi, Kiehl’s, L’Occitane, Lego, real-looking Santiago CalatraDisney and Victoria’s Secret. Among the edible opva–designed structure. Though it will undoubtedly tions are Godiva and Organic Avenue. become an iconic addition to Lower Manhattan, the By contrast, nearby Brookfield Place landed a majority of the shopping at the 16-acre site will be berange of high-end brands, including Burberry, Ferlow street level — much to the chagrin of many brands. ragamo, Hermès and Diane von Furstenberg.

“I have heard some European retailers don’t want to Still, in April, a source said the World Trade Center be underground,” said Robert Gibson, a vice chairman mall may have Prada lined up — and maybe the numat commercial real estate brokerage firm JLL. ber of luxury brands ultimately doesn’t matter. “Not Apple — which is expected to take space in the projeveryone can afford a Brioni suit,” said Richard Hodos, ect — was frustrated by the giant “ribs,” or columns, an executive vice president of retail at CBRE Group. positioned throughout the underground portion of “The fact that it is going to have some moderately the site. The arching structures are spaced roughly priced tenants is not a bad thing.” — Adam Pincus 11 feet apart, which has put off some retailers who

56 | Luxury Listings NYC | July/August 2014

NEIGHBORHOODS Housing costs

Developments

Running down the numbers

Rising high

Average May sale prices $801,009 $1,249,814 $2,053,081 $3,170,000 $7,618,571

Studio 1 bed 2 bed 3 bed > 3 beds

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

$2,926 $3,781 $5,310 $6,767 $11,061

Source: StreetEasy

Fast facts

Deluxe apartment in the sky, neighborhood history and Italian eats $110 million Asking price for the nine-floor penthouse at the Woolworth Building

1977

FINANCIAL DISTRICT

A

new residential skyscraper will rise in the historic South Street Seaport area. A 51-story residential tower is slated to go up at 39 Fletcher Street — also known as 161 Maiden Lane and 77 South Street — designed by architecture firm Goldstein Hill & West. The plan calls for 74 units, in total: Floors five through 10 will have four units each; floors 11 through 24 will have two units each.

The 26th floor will have an outdoor pool and the units on the 27th story on up will be full-floor. No word yet on a completion date.

Nabe news

Noisy neighbors

Year in which the South Street Seaport Historic District was designated by the city.

A one-block extension was approved in 1989.

$22

Price for an order of the ravioli astaco — ravioli stuffed with lobster and served in tomato sauce — at Fino, located at 1 Wall Street Ct. Sources: The Real Deal, NYC.gov, Fino

T

ADDRESS 114 Liberty Street

hose who live in Battery Park City might enjoy wide green spaces and compelling water views, but it comes at a price — and we’re not talking about expensive real estate. Residents of the waterfront neighborhood are complaining about the cacophony of sounds from ferry horns and helicopters, a situation that worsened last summer when the Coast Guard began enforcing a little-known rule that mandates boats to sound their horns when departing a dock. Rep. Jerrold Nadler is reportedly taking the Coast Guard and ferry companies to task — looking into ways to “reduce the overwhelming noise created by the ferry horns,” according to Crain’s — as well as working with City Hall about the thrum of helicopters.

TYPE/SIZE Five bedrooms, four baths; 5,500 square feet

Transit

Pricey digs

Ritzy rentals in the Financial District PRICE $24,900/month

SCREEN TEST The loft includes a private movie theater with reclining leather seats.

PRICE $9,500/month ADDRESS 15 Broad Street TYPE/SIZE Two bedrooms, two baths; 2,300 square feet BIG FUN Building amenities include a bowling alley, swimming pool, movie theater and basketball and squash courts.

Source: StreetEasy

Take a ride

T

he opening of the Fulton Street Transit Center has been delayed — again.

Years late and millions over budget, the megaproject — which will eventually link 11 subway lines at six different stations — has stalled this time due to testing delays and unfinished elevators.

The latest estimate has the station opening toward the end of the summer or early fall.

July/August 2014 | Luxury Listings NYC | 57

1

2

1) Housing costs in the Hamptons are rising faster than the tide.

2) Many young Long Islanders leave the East End in search of opportunities in NYC.

BRAIN DAMAGE

Young people flee the Hamptons as housing prices increase

I

pality of Westhampton lost 57 percent of 25- to 34t’s a trend affecting suburbs and small towns year-olds, compared to the lower income area of Paacross the country: Educated young people are tchogue, which registered a 4 percent gain. leaving their hometowns for the big city, where “Fire departments are having trouble recruiting economic opportunities are greater. and are having to hire year-round EMTs because But in the Hamptons, where real estate prices they don’t have enough volunteers,” Tom Ruhle, East are among the highest in the U.S., the so-called “brain Hampton Town’s director of housing and community drain” is particularly acute. According to a report by development, told 27 East. “It raises the question of Community Housing Innovations, a nonprofit housing where are we going to be in 30 years if this continues.” agency, young talent is increasingly scarce in towns Census information reveals that the average East like Southampton and East Hampton — the result of Hampton Village resident is 55.5 a combination of lack of jobs and years old. And in Amagansett the tremendous cost of living. and Napeague the average local As of February 2014, the medi“Where are we going is 52.2 and 55.4, respectively. (In an sale price of an East Hampton to be in 30 years if this NYC the average resident is 38.) home was $885,000 and $945,025 “A big issue we hear from in Southampton, according to continues?” chamber members is that it’s Trulia. The sky-high real estate —Tom Ruhle, director of housing hard for them to find talented prices push homeownership out and community development in individuals to work for them,” of the reach of young locals workEast Hampton said the president of the Southing jobs within their Long Island ampton Chamber of Commerce, hometowns. And with hordes of Micah Schlendorf. well-heeled pleasure-seekers swarming the HampAnd, to a degree, Schlendorf blames older Hamptons each summer, rentals are just as unaffordable. tonites’ prejudice against affordable housing for The result has been that Long Island lost 12 perthe lack of millennial talent on Long Island. Forcent of its 25- to 34-year-olds between 2000 and 2010, mer Southampton Town Supervisor Patrick Heaney according to the report cited by 27 East, a Hamptons agrees: “The way the zoning laws are configured in news site. Compare that with Northern New Jersey, the Town of Southampton pretty much ensure that which lost just 6 percent of its young people. the only type of housing that will not be greeted with And unsurprisingly, the wealthier the Long Island public outrage, public opposition or lack of political suburb, the more severe the disparity between young will is a small McMansion — and that’s discouraging,” and old becomes.

Heaney told 27 East. —Christopher Cameron The report found that the higher income munici-

58 | Luxury Listings NYC | July/August 2014

For the 7th year in a row, Corcoran is proud to have more agents recognized in The Wall Street Journal’s ‘Real Estate Top 1,000*’ than any other single firm.** Individuals

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Deborah Rieders

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Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group.

The Corcoran Group is a licensed real estate broker located at 660 Madison Ave, NY, NY 10065.

HAMPTONS

NEIGHBORHOODS

Housing stats

Enclaves

Running down the numbers

Go west

First quarter of 2014 Avg. sales price Number of sales Homes for sale Days on market

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

$1.2M 347 1,437 187

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

Source: Miller Samuel

Fast facts

Income stats, horsing around and wine o’clock $54,896 Median household income of Bridgehampton residents

24

Date in August when the 39th Annual Hampton Classic Horse Show kicks off.

The event, which features equestrian competitions, lasts until Aug. 31 and takes place at 240 Snake Hollow Road in Bridgehampton.

I

f you’ve had enough of the prime-time Hamptons’ summer scene (and its traffic), look west of the Shinnecock Canal. There, communities like Hampton Bays and Quogue have less costly homes and lower-key surroundings. “People have tended to overlook them,” Eileen Bishop, a Town & Country agent told the New York Times. “They don’t realize the area is a silent gem with the same beauty found farther out on the East End.” Business

Let’s get physical

5

Number of wineries in the Hamptons Sources: Zillow, 27east, Long Island Wine Country

Pricey digs

High-end Hamptons homes PRICE $29.95 million ADDRESS 263 Surfside Drive, Bridgehampton TYPE/SIZE Seven bedrooms, 10 bathrooms; 9,500 square feet

W

ant to have a bod like Gwyneth Paltrow — or like that of her trainer and BFF Tracy Anderson? The celeb fitness guru will be on hand at her studio’s Water Mill location (the only Tracy Anderson studio in the U.S. that doesn’t require a membership) the week of August 4. The studio’s ViTAlity (get it?) Week will offer a “life-changing opportunity” to work intimately with Anderson and her senior team. No pain, no gain!

Celebrity watch

Land grab

WET & WILD This oceanfront property boasts a pool and Jacuzzi.

PRICE $24.95 million ADDRESS 2040 Meadow Lane, Southampton TYPE/SIZE Six bedrooms, seven bathrooms; 7,500 square feet FRESH CATCH The master and guest suites open up to the ocean.

Source: StreetEasy

60 | Luxury Listings NYC | July/August 2014

Famed director STEVEN SPIELBERG is quietly looking to nab $24.5 MILLION for one of his three Hamptons properties. This one is located at 94 APAQUOGUE ROAD; he bought the waterfront lot for $20 million in 2008, then proceeded to demolish the 108-year-old home on the 3.2-acre site. It is still vacant.

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1

2

1) Claudio’s Restaurant has been in business for more than 140 years.

2) The family-run Silver Sands Motel

SUMMER FLINGS Seasonal and year-round businesses clash in Greenport

O

winter months, as opposed to all the businesses that ften referred to as the “anti-Hamptons” close and all the second-home residences, which for its sincerity, serenity and scenic were presumably not using as much electricity durbeaches, Long Island’s North Fork has ing the winter months,” Terry Keefe, whose family become a hot spot for uber-hip pleaowns Silver Sands Motel, told the Suffolk Times. “It sure-seekers. But as Brooklyn hipsters was one of the coldest winters on record; businesses and in-the-know Manhattanites make the North Fork were suffering because people weren’t coming out their preferred summer getaway, the small peninsula here. And they assess this extra amount.” is experiencing some growing pains.

Village officials fired back, arguing that it was In the first quarter of 2014, the average sales price NYPA policy that mandated how the penalty is paid. of a home on the North Fork leapt 52 percent from “When we incur a bill it is passed on through the pur$533,481 to $812,331, year-over-year, according to a chase power adjustment the following month,” vilDouglas Elliman report. lage administrator Paul Pallas And those dramatic price insaid. “It is not really our decision creases — spiked by well-heeled “There should be some kind to make.” weekenders — are progressively Still, the timing couldn’t have pushing year-round locals onto of advantage to living and been worse, according to Rena the sidelines of their own comworking in a small town.”

Wilhelm, owner of the White munity. Recently, the tension beWeathered Barn on Front Street. tween the North Fork’s seasonal —Terry Keefe, Silver Sands Motel “Regardless of the policy, those of and permanent residents came us who stay open already strugto a head in the village of Greengle throughout the winter,” Wilhelm told the Suffolk port, over a $108,000 power plant penalty.

Times, “where some other merchants just take adLast September, the village took a financial hit vantage of the fact that this is a tourist area and make from the New York Power Association when it failed their money during the season and close.” to meet a deadline to test its generators. That penIn the future, Pallas, who is also the president of the alty was then passed on to ratepayers without notice, New York Association of Public Power, has pledged with a percentage of the fee being based on Septemto be more transparent with any concerns regarding ber usage, according to the Suffolk Times. the village power plant. “There should be some kind But since many stores close around Labor Day of advantage to living and working in a small town,” to accommodate weekenders, year-round business Keefe said. “There should be some warmth. There owners felt that seasonal businesses weren’t made used to be.” —Christopher Cameron to pay their fair share. “I just don’t know how they can justify assessing the bill on people only open in the

62 | Luxury Listings NYC | July/August 2014

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s

West 61st Street

2 Bedroom • 2.5 Baths • Corner Dining Area • South & West Exposure • $9,995,000

E CL FOYER W/D 5’-0” X 22’-0”

CL

GALLERY 15’-8” X 8’-0”

CL

CL CL

MASTER BEDROOM 16’-0” X 20’-5”

KITCHEN

LIVING ROOM/DINING ROOM 16’-4” X 23’-0”

BEDROOM #2 12’-6” X 15’-0” TERRACE

BREAKFAST

( 358SF )

10’-0” X 8’-0”

2 Bedroom • 2.5 Baths • Large Private Terrace • $9,900,000

For confidential inquiries, or any real estate matters, please contact: Elizabeth Omedes Principal 917.371.0075 liz@mercedesberk.com

Noel Berk Principal 212.371.4065 noel@mercedesberk.com

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

NORTH FORK

NEIGHBORHOODS

Housing stats

Strange happenings

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

Wine with a yoga chaser

First quarter of 2013 $812,000 109 597 163

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

$533,000 78 521 229

Source: Miller Samuel

Yoga at Palmer Vinyards.

Fast facts

Long Island’s longest river, fine dining and vineyard history 15 Length, in miles, of the Peconic River, which runs through Riverhead

$95

Price of the six-course chef’s tasting menu at the restaurant at Jedediah Hawkins Inn at 400 South Jamesport Avenue in Jamesport

1973

Year when Long Island’s first vineyard was planted in Cutchogue Sources: Wikipedia, Jedediah Hawkins Inn, Long Island Sustainable Winegrowing

I

f yoga and wine are two passions of yours, you’re in luck: This summer there are two options for some outdoor “ohms” in local vineyards. Clovis Point Vineyard in Jamesport hosts a monthly, all-level Saturday class ($22), followed by a free wine tasting. Meanwhile, Palmer Vineyards in Riverhead offers weekly Sunday morning classes ($25), after which yogis receive a complimentary mimosa and an invitation to hear live music on the picturesque deck.

Business

Get fit in Riverhead

M

aximus Health & Fitness has opened at the former Woolworth building at 30 East Main Street in Riverhead. The gym has a 1,000-square-foot spin studio and a 2,500-square-foot aerobics room. Plus, an oxygen bar — Long Island’s first — is coming soon. Other cool amenities: a smoothie bar and a hair salon. The 25,000-square-foot space is more than twice as big as the gym’s previous digs on Route 58.

Private Mortgage Banking

A rare dedication to serving the needs of affluent clients Make Wells Fargo Home Mortgage’s exclusive Private Mortgage Banking division your full-service source for buyers with complex income or asset management situations. You can count on Wells Fargo for three important reasons: Elevating Home Financing To A Fine ArtSM • Providing a single point of contact from start to finish — our Private Mortgage Bankers take the application and process and fund the loan through a dedicated service team — using innovative products that can accommodate a sophisticated level of needs and preferences • Delivering attentive customer service, local market experience and post-closing amenities Home financing options that make sense • Creating a home financing package with financing up to $6 million • Assisting clients with lot and construction loans • Developing a competitive financing option for primary, second, vacation and investment properties Helping your clients build and preserve wealth • Connecting Wells Fargo Private Mortgage Banking clients with Wells Fargo Wealth Management and working comprehensively to develop and implement integrative wealth management plans1 • Providing strategic plans based on your client’s specific wealth-building goals, taking a complete approach to helping execute your client’s financial plans For additional information, please contact your Wells Fargo Private Mortgage Banker.

Scott Vandermarck Private Mortgage Banker Office: 917-260-1665 150 East 42nd Street, New York, NY 10017 Scott.Vandermarck@wellsfargo.com NMLSR ID 473713 1. Wealth Management provides financial products and services through various banks and brokerage affliates of Wells Fargo & Company (Members NYSE/SIPC).

This information is for real estate, builder, legal, and financial planning professionals only and is not intended for distribution to consumers or other third parties.

Information is accurate as of date of printing and is subject to change without notice. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2011 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801 AS1036622 Expires 10/2014

LISTINGS

NYC’s

Premier

Properties

43 Great Jones Street, 4 in Noho

$3,425,000

Co-op (2,295 sf): 2 beds, 2.5 baths | Amenities: Elevator, Loft | Maintenance: $1,767 The elevator opens directly to a private full-floor loft. This large loft features walnut floors, oversized windows with three exposures and custom architectural details throughout. The home boasts a grand living/dining area, open gourmet kitchen with walk-in pantry, dramatic art galley, home office and spaquality newly renovated bathrooms. Other features include: custom built-ins, sizeable closet spaces, washer/dryer, and a private 200-square foot storage room. Listed at CORE by Patrick Lilly, 212-612-9681, patricklillyteam@corenyc.com.

22 Renwick Street, PH3 in Soho

$3,975,000

Condo (1,895 sf): 5 rooms, 3 beds, 2.5 baths | Amenities: Terrace, Doorman, Bike Room, Elevator | Maintenance: $2,823 This private, full ninth-floor penthouse has 3 bedrooms, 2.5 bathrooms, a home office and is entered by keyed elevator. This residence boasts a top of the line kitchen featuring Viking appliances that seamlessly blend into white lacquer cabinetry with terrazzo flooring and Carrera marble countertop, backsplash and accent walls. Cognac leather-clad cabinets highlight the modern kitchen and open to red lacquer interiors for additional storage. Listed at Brown Harris Stevens by BHS Select, 212-396-5801, info@bhs-select.com.

66 | Luxury Listings NYC | July/August 2014

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GEORGE S. BOWDOIN HOUSE Murray Hill. Extravagant 1902 Dutch Revival facade opens to 6,000SF contemporary interior, 3 floors, glass 22’ grid ceiling. 4BR, 3 bath professional kitchen, fireplace, terrace. Curb-cut, FAR 4. $7.999M. WEB# 9950795.

Brahna R. Yassky 212-906-0506

ONCE-IN-a-LIFETIME RESIDENCE UES. Co-Excl.

Full-floor. 15 rooms flooded with light & surrounded with terraces. 7BR, eat-in kitchen, formal dining room; master suite with terrace. Full hotel services. $95M. WEB# 3452636.

Kathleen M. Sloane 212-906-9258 MaGICaL CaNDELa PENTHOUSE East 57th St. Exceptional 8 rm penthouse duplex with terraces on both levels. Wonderful light, high ceilings, paneled living rm w/wbfp, formal dining rm, 3BR + libr. Renov throughout. CAC. $6.9M. WEB# 10118877.

Caroline E. Y. Guthrie 212 396-5858 Edward Lee Cave 212-396-5830 10 ROOMS INTO 9 OFF FIFTH UES. Grand and elegant Park block full flr is sun flooded and special. Living rm w/wbfp, formal dining rm, libr, wndwd eat-in kit, 4BR, 4 baths + staff. Excellent cond, chic boutique prewar Co-op. $5.499M. WEB# 10035765.

Lisa K. Lippman 212-588-5606 Scott Moore 212-588-5608 PRESTIGIOUS MaNHaTTaN HOUSE East 66th St. 2BR, 2 bath sunny apt w/wbfp. High-end finishes, electric shades, custom closets. W/D, wine refrigerator, Viking appliances. Gym, garage, prvt garden, FS condo, 1,463SF. $3.19M. WEB# 9315673.

Bari Rosen 212-772-8510 NEW 5-STaR CONDO UN Plaza. Sweeping E.S. river views.

Immaculate 30’ LR/DR. 2BR, 2.5 marble baths. WEIK. W/D. Garage.

Health spa, pool. Investors welcome. $3.15M. WEB# 10184882.

Rina Schafman 212-906-922

Brian J. Manning

Dow Kowalczyk

Felise G. Gross

TIME WaRNER PENTHOUSE Midtown East. Designer

PaNORaMIC CENTRaL PaRK VIEWS UWS. Trophy Grand PH on 51st floor with floor-to-ceiling windows, 4BR, 4.5 baths,

corner living rm, dining rm, libr, windowed gourmet eat-in kit, spanning 5,000 gross SF, 5-star hotel services. $37.5M. WEB# 9998958.

Cathy F. Franklin 212-906-9236 Alexis D. Bodenheimer 212-906-9230

renovation of full floor penthouse, approx 8,274SF, 6+BR, 11’6” ceilings, panoramic views of Central Park, Hudson River, and beyond. $68M. WEB# 10074096.

Paula Del Nunzio 212-906-9207 PaRISIaN TOWNHOUSE OFF CPW West 85th Street/ CPW. 20’ wide townhouse restored in 19th century Parisian style.

Configured as single family with garden rental. Sold furnished with museum-like treasures. $13.8M. WEB# 10277329.

Wolf Jakubowski 212-588-5630 GRaND PREWaR UWS DUPLEX UWS. Co-Excl.

11 rooms, 5/6BR, 5 full baths. High ceils. Beautiful prewar details.

Spacious and bright. Great home with space of a house in prime UWS. Historic full-service building. $9.99M. WEB# 10112452.

Laura G. Sirkin 212-317-7709 Ellen Devens 212 452-6240 PENTHOUSE ON RIVERSIDE BOULEVaRD RSB. Perched on the 48th floor, this convertible 3BR, 4.5 bath penthouse enjoys 11’ ceilings, 2,200SF and northwest views. Full-service condo with garage, gym, and pool. $4.45M. WEB# 9950489.

Kyle Blackmon 212-588-5648 LIVE/WORK MaISONETTE TRIPLEX Midtown West.

Soaring 19’ ceilings, a 73’ front to back expanse with North and South exposures and 3 entrances makes this 3BR, 3 bath with private patio and semi-comm zoning. $2.249M. WEB# 9737389.

Andrew J. Kramer 212-317-3634

Gail L. Gros

Helen Dreyfuss

Jon Phillips

Mary Priebe

FLOWERS aND SHRUBS Downtown. Penthouse condo with wonderful terraces, 125 East 12th Street has 3BR, mint eatin kitchen, wood burning fireplace, and real style in this cookie-cutter world. Full-time doorman. $4.45M. WEB# 9089285.

Liz Dworkin 212-906-0509

BRILLIaNTLY RENOVaTED 1-FaMILY West Village. 25’ wide Greek Revival townhouse overlooking Bleecker Gardens.

Features include: 4-passenger elevator, total smart home technology, and terraced South garden. $30M. WEB# 9740815.

David E. Kornmeier 212-588-5642 CHIC, STYLISH, SUSTaINaBLE PH WV. Magnificent 3,202SF 4BR, 3 bath dplx PH plys 435SF terrace w/state-of-the-art systems and sustainable living features. $9.5M. WEB# 9658190.

Linda Stillwell 212-452-6233 Dennis Stillwell 212-452-6234 Tate Kelly 212-452-6235 ONE-OF-a-KIND TRIBECa LOFT TriBeCa. Stunning loft with floor-to-ceiling doors, exposed wood frames and gigantic living and lounge areas. Also features beautifully planted and furnished patio. $7.5M. WEB# 9445185.

Filipacchi Foussard Team 212-452-4468 SUNSETS FROM THE TERRaCE Downtown. Summer living at its finest. Airy 3BR, 3.5 bath loft with large private terrace, open north city and river views. Full-service condo with gym and garage in quiet West Village spot. $6.25M. WEB# 9804249.

John R. Edwards 212 906-9252 aLCOVE STUDIO IN GREaT LOCaTION Greenwich Village. Alcove studio in great GV location with good layout and large windows. Full-time doorman, live-in super, laundry in bldg, bike room, storage available. Pets ok. $524K. WEB# 9600340.

Susan Greenfield 212-906-9214

MaSTERPIECE ON THE PaRK Park Slope.

Rare on PPW. Stunning 4 story 1896 neo-Renaissance townhouse. Exquisite parlor, center stair, formal dining room, huge eat-in kitchen, 3 wood burning fireplaces, roof deck, landscaped garden, and central air conditioning. $4.75M. WEB# 10154758.

Rosalie H. Weider 718-399-4115 aWaRD WINNING BH HOUSE Brooklyn Heights.

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

Kenneth Mandelbaum 718-858-4887 BEDFORD STUYVESaNT GLaMOUR Bedford Stuyvesant. All original details well maintained. 4 sets of pocket doors, detailed mill work, pocket shutters, 3 fireplaces, stained glass, legal 2-family with FAR. $1.195M. WEB# 10029747.

Siim M. Hanja 212-317-3670 Rudi Hanja 212-317-3675

Mina Meurkens

Peter Rogers

Riley Jason

Rosario G. Baldwin

Ross M. Gayde

Samuel Thomas Milbank

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.

LISTINGS

NYC’s

Premier

Properties

233 East 17th Street, PH1 in Gramercy

$5,395,000

Condo (2,200 sf): 3 beds, 3.5 baths | Amenities: Elevator, Terrace, Doorman | Common Charges: $2,755 | RE Taxes: $2,596 Crowned by a private 1,521 square foot roof terrace, this dramatic penthouse is among Gramercy Park’s most exceptional residences. Perched atop a handsome 1877 Gothic Revival landmark in the Stuyvesant Square Historic District, this spectacular home is defined by its uncommon dramatic elements.

Anchored by the great room’s wood-burning fireplace, this grand, south-facing space enjoys abundant light and tranquil views of neighboring Stuyvesant Square Park. Listed at CORE by Tom Postilio, 212-726-0783, tom@corenyc.com.

45 Walker Street, 4 in Tribeca

$6,250,000

Condo (4,781 sf): 4 beds, 4 baths | Amenities: Loft | Common Charges: $2,191 | RE Taxes: 3,684 An enthralling blend of old world craftsmanship and downtown chic, this expertly renovated and diligently designed full-floor loft offers quality, privacy and a world-class location. Through a key-locked elevator and steel-clad door, enter the expansive living and dining area warmed by cascading light through eight oversized windows and a wood-burning fireplace. A light-filled study, that could easily be converted to an en-suite fourth bedroom, bookends the entertaining space. Listed at CORE by Emily Beare, 212-726-0786, ebeare@corenyc.com.

68 | Luxury Listings NYC | July/August 2014

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The R E - C R E AT I O N of R E C R E AT I O N 70,000 sq.ft. of indoor amenities shared by two towers of just 80 residences each

An eight-acre private island known as PRIVÉ is destined to become a veritable playground for the fortunate few who will call it home.

EACH tower will boast approximately 35,000 square feet of Elegant and Exclusive Amenities including: • 10,000 sq.ft. of Gym/Spa • Private Dining Room and Library with Catering Kitchen • Wine Cellar, Tasting Room and Cigar Lounge

• Social Rooms • Business Center • Café serving light fare

Additionally, the island of Privé offers a stunning pool deck with two pools providing continuous sun exposure, Jacuzzis, lighted tennis court, private pier, private marina, jogging path, nature trail*, and private beach area*.

It all awaits at PRIVÉ, on South Florida’s last private island.

For more information, please visit our website at

mypriveisland.com or call us at 866.557.3709 FROM $1.89 MILLION *Subject to DERM approval.

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. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. All artist’s or architectural conceptual renderings, plans, prices, specifications, terms, features, dimensions, amenities, existing or future views and photos depicted or otherwise described herein are based upon preliminary development plans, and all and are subject to architectural revisions and other changes, without notice, in the manner provided in the purchase agreement or other information and the offering circular and may not be relied upon. All features listed for the residences are representative only, and the Developer reserves the right, without notice to or approval by the Buyer, to make changes or substitutions of equal or better quality for any features, materials and equipment which are included with the unit. The dimensions of units stated or shown in brochures will vary from the dimensions that would be determined based upon the description of the Unit boundaries set forth in the Declaration of Condominium. For the dimensions of the “unit” based on the depiction of “unit” in the Declaration of Condominium, refer to Exhibit 2 of the Declaration of Condominium included in the Prospectus Documents. Certain access to and rights to use recreational and other amenities within the development may be provided to the South Island, as described in the offering circular. This brochure does not constitute an offer to sell or a solicitation of an offer to buy a unit in the condominium. No solicitation, offer or sale of a unit in the condominium will be made in any jurisdiction in which such activity would be unlawful prior to any required registration therein. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing 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, sex, religion, handicap, familial status or national origin.

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Miami

LISTINGS

NYC’s

Premier

Properties

30 Bond Street, PH in Noho

$5,500,000

Co-op (2,350 sf): 3 beds, 2 baths | Amenities: Elevator, Loft, Multilevel | Maintenance: $2,104 This magnificent duplex penthouse is located on one of the most desirable residential streets in Manhattan. The loft is entered directly from your key locked elevator. With an open plan kitchen and dining area, this penthouse has abundant light. An oversized skylight sits above the dining area and the home has north, west and south exposures. A staircase takes you upstairs to a study, which leads you to your own private terrace. Listed at CORE by Tony Sargent, 212-500-2105, tsargent@corenyc.com.

519 Broadway, 2nd floor in Soho

$6,500,000

Co-op (4,000 sf): 2 beds, 3 baths | Amenities: Prewar, Loft | Maintenance: $5,260 You don’t have to be a famous art collector to live like one. Come home to this gallery-style full-floor loft in the heart of Soho. Housed in an impressive six-story building which dates back to 1884, the cast-iron structure with extra-height windows was declared a National Historic Landmark in 1978.

This dream loft was gutted and smartly rebuilt piece by piece to its present mint status by a prominent art dealer. Working in conjunction with architect Todd Ernst, who famously specializes in galleries and loft spaces, this live-work space is both well-defined and flexible. Listed at Douglas Elliman by Monica Luque, 212-712-6089, monica.luque@elliman.com.

70 | Luxury Listings NYC | July/August 2014

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Manhattan | Brooklyn | Queens | long Island | the haMptons | the north Fork | rIverdale | Westchester/putnaM | los angeles | FlorIda

Mint Duplex penthouse at “1185” – RiveR anD City views 1185 park avenue, penthouse | $24,950,000 | Enter this elegant home through a dedicated landing into a dramatic gallery with a 24 ft domed ceiling. First floor – Grand living room with wood burning fireplace and a “wall of windows,” formal dining room, corner master suite, 3-4 additional bedrooms, library, chef’s kitchen and breakfast room. Up a sweeping staircase is a skyroom with a working fireplace, palatial terrace and numerous additional fine features. Co-exclusive. Web# 1644469.

supeRb 8 RooM penthouse with wRap teRRaCe 47 east 88th street, ph | $6,575,000 | A dedicated elevator landing opens into the foyer leading to the large living room with wood burning fireplace which adjoins the dining room.

The corner master bedroom has an en suite bath as does the second bedroom. The library has a powder room. There is a chef’s kitchen, pantry, laundry room, staff room and full bath. The terrace wraps the home flooding it with light and Central Park and reservoir views.

Web# 1660058.

CaRnegie hill, gRaCious ClassiC 6 1185 park avenue | $2,750,000 | Prewar, Classic 6 entered through the gallery which divides the living room with wood burning fireplace and dining room.

There are 2 master suites with en-suite baths.

A wonderful eat-in kitchen, den and staff room with full bath. Grand proportions and amenities make this a wonderful home. Web# 1716089.

new to MaRket, high FlooR ClassiC 7 1185 park avenue | $4,750,000 | Enter through the grand gallery which leads to the enormous living room with a wood-burning fireplace. The layout features a spacious formal dining room, 3 large, south facing bedrooms, a windowed eat-in kitchen, butler’s pantry, staff room, home office, 3 baths and a guest powder room, all in excellent condition.

ClassiC 8 with paRk avenue FRontage 930 park avenue | $5,750,000 | Enter this incredible home through the charming gallery with leads to the Park Avenue facing living room with wood burning fireplace. There is a formal dining room, large eat-in kitchen, Park Avenue facing master bedroom with en-suite bath and library, spacious second bedroom with en-suite bath and 2 staff rooms with full bath. Co-exclusive. Web# 1788273.

high FlooR, ClassiC 6 on paRk 1111 park avenue | $2,950,000 | A dedicated elevator landing opens into the gallery leading to the living room with a wood burning fireplace. The dining room adjoins the windowed kitchen, butler’s pantry, staff room and full bath. There are 2 large bedrooms both with en-suite baths. 1111 Park Avenue is a highly sought after prewar coop.

Web# 1732263.

Full FlooR 10 RooM on paRk avenue 733 park avenue | $7,100,000 | Enter this sophisticated home through a dedicated elevator landing leading to the open living room, library and dining room. The chef’s kitchen has a breakfast room with adjoining laundry, staff room and full bath. Currently configured with a master bedroom, his/her baths, dressing areas and a handsome office with full bath and guest powder room.

Web# 1719540.

DANIELA KUNEN Lic. Assoc. R. E. Broker | O: 212.891.7611 | dkunen@elliman.com

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

LISTINGS

NYC’s

Premier

Properties

$7,550,000

93 Worth Street, PH2 in Tribeca Condo (2,693 sf): 3 beds, 3.5 baths | Amenities: Elevator, Terrace, Doorman | Common Charges: $2,278 | RE Taxes: $2,899

This penthouse features 2,693-square feet of interior space as well as a 351-square foot terrace. Offering views to the north, south, east and west, this loft residence boasts oversized custom 7-foot windows, high ceilings, private laundry, 7-inch wide white oak plank floors and custom patina brass fixtures by Waterworks throughout. Listed at CORE by www.93worth.com, 212-219-9393, info@93worth.com.

31 Morton Street in the West Village

$6,750,000

Single-Family (1,769 sf) Built in 1852, this enchanting four-story West Village home has been meticulously restored with the classic good taste of a bespoke suit. Listed at Stribling by Alexa Lambert, 212-452-4408, alambert@stribling.com.

72 | Luxury Listings NYC | July/August 2014

383 West Broadway in Soho

$7,500,000

Co-op (5,500 sf): 7 rooms, 4 beds, 3.5 baths | Amenities: Outdoor Space, Pre-war Maintenance: $3,007 This massive full-floor loft in prime Soho has been renovated to combine contemporary design and modern conveniences with old world charm and original architectural details. Listed at Stribling by Tanner Garland, 646-613-2626, tgarland@stribling.com.

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

New York’s Ultimate Design Resource 212 644 2766 adbuilding.com

WALK RIGHT IN M-F 9-5

A&D BUILDING 150 E 58

ARCHITECTS & DESIGNERS BUILDING

KITCHENS BATHS APPLIANCES TILE STONE CLOSETS FLOORING LIGHTING FURNITURE A&D Showrooms: Allmilmo USA Alno USA Artistic Tile B&B Italia Bilotta Kitchens Bosch Design Center Brown Jordan Carlisle Wide Plank Floors

Clive Christian NY Edward Fields Carpet Makers Eggersmann Kitchens Exquisite Surfaces Fantini USA Ferguson | Davis & Warshow Florense Gaggenau Design Studio GE Monogram Design Center

Hans Krug Fine European Cabinetry Hastings Tile & Bath Holly Hunt NY Lefroy Brooks Listone Giordano Wood Floors Miele Paris Ceramics Poggenpohl Poliform

SieMatic Smeg USA Snaidero USA St. Charles of New York Sub-Zero | Wolf Thermador Design Center Valli & Valli USA Varenna by Poliform Wood-Mode | ACK

LISTINGS

NYC’s

Premier

Properties

55 Berry Street in Williamsburg

$1,795,000

901 Lexington Avenue on the Upper East Side

$3,450,000

Condo (1,357 sf): 5 rooms, 2 beds, 2 baths | Amenities: Outdoor Space, Pre-war Maintenance: $843

Co-op: 7 rooms, 3 beds, 3 baths | Amenities: Pre-war, Attended Lobby Maintenance: $5,412

This true loft conversion has everything you would expect from Williamsburg, the perfect amalgam of old and new. Listed at Stribling by Layth Farage, 646-613-2692, lfarage@stribling.com.

In mint condition and beautifully decorated, this lovely apartment has four fireplaces, a library and a gourmet kitchen. Listed at Stribling by Kirk Henckels, 212-452-4402, khenckels@stribling.com.

170 East 78th Street on the Upper East Side

$6,850,000

Co-op: 12 rooms, 4 beds, 4.5 baths | Amenities: Pre-war, Attended Lobby Maintenance: $5,292 Downtown comes uptown and old meets new in this magnificent triplex maisonette! Listed at Stribling by Melissa Ryan Kaiser, 212-585-4554, mkaiser@stribling.com.

74 | Luxury Listings NYC | July/August 2014

118 East 83rd Street on the Upper East Side

$85,000/mo

Rental (7,200 sf): 11 rooms, 5 beds, 4 baths Have it all! Live in a turn key, push button state of the art uptown smart home with downtown hip style, turn-of-the-century provenance, and smashing entertaining spaces both indoor and outdoor. Listed at Stribling

by Barbara Evans-Butler, 212-452-4391, bevansbutler@stribling.com.

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

$6.495M

LISTINGS

NYC’s

Premier

Properties

1235 Park Avenue, PH on the Upper East Side

$9,450,000

737 Park Avenue, 6A on the Upper East Side

$9,500,000

Condo: 9 rooms, 4 beds, 3.5 baths | Amenities: Bike Room, Laundry Room, Private Storage | Common Charges: $4,792 | RE Taxes: $3,374

Condo: 6 rooms, 3 beds, 4 baths | Amenities: Bike Room, Fitness Room, Laundry Room | Common Charges: $3,320 | RE Taxes: $3,401

Extraordinary features come together in this triple mint four bedroom. Listed at the Corcoran Group by Deanna Kory, 212-937-7011, dek@corcoran.com.

737 Park Avenue is a luxury condominium perfectly situated on the Gold coast of Park Avenue. Listed at the Corcoran Group by Hilary Landis, 212-605-9217, hjl@corcoran.com.

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

$9,495,000

Co-op: 8 rooms, 3 beds, 4 baths | Amenities: Bike Room, Health Club, Laundry Room | Maintenance: $5,600 Now is your opportunity to have this grand and spectacular corner apartment in the legendary Beresford. Originally built as a nine-room home, it was later converted to an eight-room apartment by enlarging the kitchen. The new chef's kitchen offers state of the art appliances and original steel cupboards with a washer & dryer off of the maid's room. Listed at Douglas Elliman by Kevin Kelly, 212-702-4034, kevin.kelly@elliman.com.

76 | Luxury Listings NYC | July/August 2014

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LISTINGS

NYC’s

Premier

Properties

795 Fifth Avenue, 2511 on the Upper East Side

$9,900,000

Co-op: 5.5 rooms, 2 beds, 2 baths | Amenities: Garage, Fitness Room, Hotel Style Service | Maintenance: $7,645 Extraordinary opportunity to live in a brand new apartment at the legendary Pierre Hotel. This apartment is revolutionary in architecture and design. Not only is it sleek and sexy, it is astonishingly beautiful and unique in every way. Listed at Douglas Elliman by Joy Wayne, 212-350-2250, joy.wayne@elliman.com.

1200 Fifth Avenue, PHB on the Upper East Side

$9,995,000

Condo: 10 rooms, 4 beds, 5.5 baths | Amenities: Bike Room, Fitness Room, Laundry Room | Common Charges: $4,209 | RE Taxes: $966 Perfect Central Park views are just one of the highlights of this dramatic Fifth Avenue duplex penthouse with a gorgeous wrap-around terrace. At 4,215 square feet, it is spacious and versatile. The original prewar details (beamed ceilings and beautiful wood floors) of this Emory Roth building create a completely enchanting atmosphere. Listed at Douglas Elliman by Lisa Simonsen, 212-702-4005, lsimonsen@elliman.com.

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July/August 2014 | Luxury Listings NYC | 77

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$10,450,000

1 Central Park South, 603 in Midtown Condo: 5 rooms, 2 beds, 2.5 baths | Amenities: Courtyard, Spa Services, Fitness Room | Common Charges: $2,581 | RE Taxes: $2,671

Direct Central Park views from this home in the Plaza Residences offers a rare opportunity to own a true piece of New York history. This 1,994 square foot apartment features 11-foot ceilings, original herringbone floors and spectacular tree top views from every room. Listed at Douglas Elliman by Lisa Simonsen, 212-702-4005, lsimonsen@elliman.com.

$10,500,000

158 Mercer Street, 5M in Soho Condo: 7 rooms, 3 beds, 3 baths | Amenities: Laundry Room, Rooftop Deck, Common Storage Room | Common Charges: $3,863 | RE Taxes: $3,309

158 Mercer Street is widely recognized as one of downtown's finest addresses! This sophisticated and dramatic approximately 4,200 square foot sunblasted loft with high ceilings has been meticulously designed by Elle Decor Top 25 designer De La Torre Design Studio. A dramatic living and entertaining space with a bright northwest corner exposure is highlighted by stately columns, dark wood floors, a wood burning fireplace and a sleek state-of-the-art open kitchen featuring all new custom cabinetry with new Calcutta marble countertops, new Viking stove, Subzero wine refrigerator and ice maker. Adjacent to the grand living space is a custom designed library with lacquered millwork by AD100 architect Cooper Robertson Partners. Listed at the Modlin Group

by Adam Modlin, 212-974-0740, adam@modlingroup.com.

78 | Luxury Listings NYC | July/August 2014

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$12,000,000

111 Mercer Street, PH in Soho Condo (3,539 sf): 3 beds, 3.5 baths | Amenities: Elevator, Terrace, Loft | Common Charges: $3,707 | RE Taxes: $5,685

Perfectly capturing the essence of its uber-chic Soho location, this penthouse triplex with ceilings reaching over 10 feet offers a spectacular living space and more than 1,600 square feet of private terraces. A discreet virtual doorman ensures privacy, and with key-card access to all of the light-filled floors, the elevator opens to a beautifully sculptural entryway with a floating staircase. Listed at CORE by Emily Beare, 212-726-0786, ebeare@corenyc.com.

147 Waverly Place, 8 in Greenwich Village

$12,385,000

165 Charles Street, 2 in the West Village

$12,500,000

Condo: 8 rooms, 4 beds, 3.5 baths | Amenities: Rooftop Deck, Private Storage Common Charges: $4,276 | RE Taxes: $2,466

Condo: 10 rooms, 4 beds, 6 baths | Amenities: Courtyard, Garden, Fitness Room Common Charges: $8,925 | RE Taxes: $2,329

This spectacular 3,418 square foot full-floor condominium floats above the West Village with protected 360 degree views including the Freedom Tower and Empire State Building. Two private elevators open directly into the home.

Listed at Corcoran by Robby Browne, 212-893-1728, robby@corcoran.com.

An unprecedented opportunity now exists to combine an entire floor into one of Manhattan’s great loft apartments. Listed at Corcoran by Jon Capobianco, 212-605-9263, jon@corcoran.com.

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July/August 2014 | Luxury Listings NYC | 79

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145 Hudson Street, 14B in Tribeca

$13,600,000

Condo: 8 rooms, 2 beds, 2.5 baths | Amenities: Rooftop Deck | Common Charges: $3,445 | RE Taxes: $1,990 A stunning blend of old world craftsmanship and downtown chic, this spectacular loft is in immaculate condition for the discerning buyer who values quality, privacy and a world class location. Enter from a semi-private landing on the 14th floor, high above the surrounding city. Oversized steel casement windows flood this home with warm northern light and provide breathtaking vistas of iconic New York City landmarks and the Hudson River. Listed at Corcoran by Deborah Kern, 212-572-3190, deborah.kern@corcoran.com.

40 Mercer Street, 30 in Soho

$12,995,000

Condo: 8 rooms, 4 beds, 3.5 baths | Amenities: Garage, Garden, Spa Services | Common Charges: $5,638 | RE Taxes: $1,598 As the crown jewel of starchitect Jean Nouvel's Soho masterpiece at 40 Mercer, Apartment 30 presents one with over 4,500 square feet of penthouse living space, 1,500 of which is allocated to the carefully crafted wrap-around terrace and 3,000 of which is apportioned to the generous interior. Set against the backdrop of historic, landmarked Soho, the terrace features a private fresh-water pool and lavish landscaping of pristine hedges, shrubbery, perennials and a collection of trees so vibrant, any lover of the outdoors, fresh air, and sweeping vistas will be sure to appreciate it. Awash in light, which streams through every inch of the 12-foot-plus floor to ceiling windows, the apartment is imbued with a sense of universal, open-ended tranquility and warmth. Listed at Douglas Elliman by Fredrik Eklund, 212-727-6158, feklund@elliman.com.

80 | Luxury Listings NYC | July/August 2014

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70 West 45th Street, PH1 in Midtown

$15,200,000

Condo: 7.5 rooms, 4 beds, 3.5 baths | Amenities: Outdoor Parking, Garden, Hotel Style Service | Common Charges: $4,040 | RE Taxes: $316 Penthouse 1 at the ultra-luxurious Cassa Hotel & Residences is a trophy residence and very rare offering. Enter via a keyed elevator into a brilliant layout of grand-scale proportions, and be awed by the sumptuous 2,559 square feet of mint-condition living space. This exciting home offers four exposures with endless breathtaking views of the city skyline and river that are perfectly framed by Cassa's magnificent cascading windows. Listed at Douglas Elliman

by Yair Tavivian, 212-319-4109, ytavivian@elliman.com.

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

$15,500,000

Condo: 9 rooms, 5 beds, 5.5 baths | Amenities: Fitness Room, Lounge, Rooftop Deck | Common Charges: $6,981 | RE Taxes: $313 Set atop the Touraine, this 4,346 square foot home is the last sponsor unit at this stunning new boutique condominium. Enjoy city views and plenty of sun and open sky from the north, east and west exposures. A grand living area features a gas fireplace and formal dining room. Listed at Douglas Elliman by Neal Sroka, 212-891-7280, srokateam@elliman.com.

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July/August 2014 | Luxury Listings NYC | 81

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230 West 56th Street, 65AD in Midtown

$15,900,000

765 Park Avenue, MAIS-A on the Upper East Side

$16,800,000

Condo: 8 rooms, 6 beds, 5.5 baths | Amenities: Garage, Spa Services, Fitness Room Common Charges: $5,940 | RE Taxes: $5,909

Co-op: 9 rooms, 3 beds, 3.5 baths | Amenities: Fitness Room, Private Storage Maintenance: $7,031

Magnificent! 4,500 square feet on the 65th floor of the Park Imperial. Listed at Corcoran by Tamir Shemesh, 212-323-3245, tshemesh@corcoran.com.

This glorious duplex maisonette has undergone a three-year renovation crafted with the finest materials and spectacular finishes. Listed at Corcoran by Leighton Candler, 212-937-6677, lcc@corcoran.com.

420 West Broadway, PHB in Soho

$19,750,000

Co-op: 7 rooms, 3 beds, 3.5 baths | Amenities: Private Storage | Maintenance: $10,467 Nestled on a prime residential block in Soho awaits this truly once-in-a-lifetime penthouse offering. Previously a raw loft space, architect Edward Siegel (partner at AD100 firm Cooper, Robertson & Partners) and Ernest de la Torre (Elle Decor Top 25 designer) have remarkably transformed this impressive duplex home. The design team seamlessly blended East-Asian inspired Midcentury modernism with a touch of Art Deco glamour - a unique fusion of style that is beautifully reflected throughout the residence, which has four private terraces. Listed at the Modlin Group by Adam Modlin, 212-974-0740, adam@modlingroup.com.

82 | Luxury Listings NYC | July/August 2014

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$19,900,000

515 Park Avenue, 12 on the Upper East Side Condo: 10 rooms, 5 beds, 5.5 baths | Amenities: Fitness Room, Laundry Room, Common Storage Room For Fee | Common Charges: $9,689 | RE Taxes: $6,153

“Simply flawless” is the phrase that best describes this museum-quality renovation conceived by famed designer Tony Ingrao and masterfully executed by the I. Grace Company. The renovation perfectly pairs with the opulent architecture and abundant natural light showcased by this distinctive full-floor 5,000 square foot residence. Listed at Corcoran by Carrie Chiang, 212-836-1088, ccc@corcoran.com.

$21,000,000

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

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

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July/August 2014 | Luxury Listings NYC | 83

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1020 Fifth Avenue, 7 on the Upper East Side

$20,000,000

Co-op: 10 rooms, 5 beds, 5.5 baths | Amenities: Garage, Fitness Room, Laundry Room | Maintenance: $9,479 “Elegance is refusal,” said Diana Vreeland, who knew. This full-floor apartment on Fifth boasts features including 13-foot ceilings in a 40-foot living room and an impressive library/sun room. Pristine and recently restored to the Warren and Wetmore design with skill and elegant restraint. Listed at Douglas Elliman by Diane Johnson, 212-418-2075, djohnson@elliman.com.

240 Centre Street, Apt.5H in Little Italy

$31,495,000

Condop (6,600 sf): 12 rooms, 4 beds, 2 baths | Amenities: Concierge, Gym, Elevator, Garden | Maintenance: $9,855 The 5th/6th floor gymnasium of the iconic Police Building has been transformed into a one of a kind contemporary 6,600 square foot home by famed architect Charles Gwathmey. The only apartment Gwathmey designed from the ground up, it seamlessly integrates the finest modern finishes and up to the minute technology while preserving the integrity of this historical treasure. Listed at Warburg by Deborah Lupard, 212-380-2414, dlupard@warburgrealty.com.

84 | Luxury Listings NYC | July/August 2014

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$35,000,000

1107 Broadway, PH-FLR22 in Flatiron District Condo: 16 rooms, 5 beds, 6 baths | Amenities: Courtyard, Spa Services, Fitness Room | Common Charges: $8,106

Boasting 360-degree unobstructed views including of the iconic Flatiron Building and Madison Square Park, this penthouse is truly incomparable. Set across the entire 22nd floor of coveted 10 Madison Square West, the penthouse spans 6,515 square feet, and is wrapped by three private terraces totaling 1,700 square feet. Listed at Douglas Elliman by Kirk Rundhaug, 212-418-2052, krundhaug@elliman.com.

151 East 58th Street, 49AB in Midtown

$32,450,000

432 Park Avenue, PH94 in Midtown

$82,500,000

Condo: 11.5 rooms, 6 beds, 6.5 baths | Amenities: Garage, Courtyard, Fitness Room Common Charges: $8,445 | RE Taxes: $9,937

Condo: 10 rooms, 6 beds, 7.5 baths | Amenities: Bike Room, Driveway, Garage Common Charges: $16,595 | RE Taxes: $15,857

Rare opportunity to create a 5,700 square foot home on the 49th floor of One Beacon Court. Listed at the Corcoran Group by Wendy Sarasohn, 212-836-1042, wjs@corcoran.com.

This extraordinary full floor, 8,255 square foot penthouse has six bedrooms.

Listed at Douglas Elliman by 432 Park Avenue Sales Center, 212-432-5657, 432parkave.salescenter@elliman.com.

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July/August 2014 | Luxury Listings NYC | 85

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101 Hill Street in Southampton Village

$23,000,000

House (30,000 sf): 76 beds, 76 baths | Amenities: Swimming Pool, South Of Highway A once-in-a-lifetime opportunity to acquire The Village Latch Inn, which has operated as a hotel since 1901. The Great Gatsby-style estate, reputedly designed by architect Stanford White, is home to a number of structures, all surrounded by lush gardens. The main hotel has 20 guest rooms and the additional 6 buildings combine for another 40 with a grand total of 60 guest rooms, plus additional quarters. Each and every room has been lovingly and tastefully decorated in a unique and art-filled manner. Listed at Douglas Elliman by Esther Paster, 631-204-2739, Esther.Paster@elliman.com.

2040 Meadow Lane in Southampton Village

$24,950,000

House (7,500 sf): 6 beds, 7 baths | Amenities: Garage Parking, Swimming Pool, South Of Highway Southampton oceanfront traditional home situated on 3.7 acres with a gunite pool, Har-Tru tennis courts and water views all around. “Whitecaps” includes 7,500 square feet of luxurious living space, boasting six bedrooms, seven bathrooms, a state of the art kitchen and private path to the beach. The home is an original Eugene Futterman design and this is the first time that it is for sale. Listed at Douglas Elliman by Jeanine Edington, 631-287-0070, jedington@elliman.com.

86 | Luxury Listings NYC | July/August 2014

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Estate Section Oceanfront House in Southampton Village

$29,900,000

House (8,500 sf): 20 rooms, 6 beds, 6 baths | Amenities: Garage Parking, Fireplace, Beachfront, South Of Highway You will find this Norman Jaffe–designed oceanfront home set on approximately three manicured acres. The oceanside gunite pool and spa are positioned with unmatched views of the ocean beaches and beyond. From the light-filled interiors, to the breath-taking exterior landscapes, this is truly a work of art. The second-floor master suite features lavish views of the ocean and surrounding property. Listed at Sotheby’s International Realty by John McHugh, 631-283-0600, John.Mchugh@sothebyshomes.com.

263 Surfside Drive in Bridgehampton

$29,950,000

House (9,500 sf): 7 beds, 10 baths | Amenities: Garage Parking, Swimming Pool Stunning modern home located south of the highway in Bridgehampton. The home, which spans an impressive 9,500 square feet, sits on nearly 1.5 acres of some of the most sought-after oceanfront property in Hamptons. The ocean can be seen and heard from essentially anywhere on the property, creating an atmosphere of paradise. The home’s interior includes 7 bedrooms, 10 bathrooms, walnut and limestone floors, soaring industrialstyle ceilings and stunning floor to ceiling pure glass windows and doors throughout, creating a flood of natural light. Listed at Douglas Elliman by Erica Grossman, 631-204-2723, Erica.Grossman@elliman.com.

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July/August 2014 | Luxury Listings NYC | 87

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House in East Hampton

$34,700,000

House (7,886 sf): 12 beds, 12 baths | Amenities: Garage Parking, Fireplace Main Beach ocean breezes await you. Dream compound in one of East Hampton’s most sought after locations offers the opportunity to own three homes on three adjacent lots totalling 12 bedrooms, with immediate ocean access. Listed at Sotheby’s International Realty by Angela Boyer-Stump, 631-537-6000, Angela.Boyer@sothebyshomes.com.

160 Ox Pasture Road in Southampton Village

$45,000,000

House (18,000 sf): 12 beds, 12 baths | Amenities: South Of Highway, Garage Parking, Swimming Pool Southampton Village traditional located on 10 acres with top of the line amenities, including indoor pool and heated outdoor pool, grass tennis court, outdoor living space and a four car garage. The home boasts 18,000 square feet, which includes twelve bedrooms, a state of the art kitchen and a home gymnasium.

Listed at Douglas Elliman by Michaela Keszler, 631-204-2743, Michaela.Keszler@elliman.com.

88 | Luxury Listings NYC | July/August 2014

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16 Gin Lane House in Southampton Village

$68,000,000

House (10,000 sf): 7 beds, 7 baths | Amenities: South Of Highway, Swimming Pool This historic Gin Lane oceanfront estate is the ultimate private and luxurious retreat. Panoramic views extend from sunrise over the Atlantic Ocean to sunset over Lake Agawam. The grand 10,000 square foot residence, offered on 7.5 acres (additional acreage available), has 472 feet of direct oceanfront. Originally built over eight decades ago and designed by the revered architectural firm Treanor & Fatio, it was one of the grandest original summer colony residences.

Listed at Corcoran by Tim Davis, 631-283-7300, tgdavis@corcoran.com.

Villa Maria House in Water Mill

$69,000,000

House (22,000 sf): 50 rooms, 11 beds, 12 baths | Amenities: Fireplace, Garage Parking, Patio Villa Maria is a private and magnificent waterfront estate with stately gardens and glorious views of Mecox Bay. The residence is offered on 11 acres with a dock and 950 feet of bulk headed waterfront (additional acreage is available). The present owners, world-renowned designers, purchased this spectacular property in 2005 and began a six-year project to restore the home’s original 1920’s grandeur while modernizing it into a splendid 21st century estate.

At 22,000 square feet, it has 11 bedrooms including a six-room beautifully appointed master suite, a handmade stone and wrought iron staircase, a 60 foot living room with original fresco details, and a state-of-the-art kitchen. Listed at Sotheby’s International Realty by John McHugh, 631-283-0600, John.Mchugh@sothebyshomes.com.

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July/August 2014 | Luxury Listings NYC | 89

SCENE

Former “Housewife” Jill Zarin headlines magazine bash at Beautique

Jill Zarin shows off her cover of Luxury Listings.

M

thony and Edito

An Joan Macri, Paul

ore than 250 designers, television personalities, real estate executives, reporters, brokers and bankers gathered at upscale eatery Beautique across the street from the Plaza Hotel last month to celebrate Luxury Listings’ first-ever Summer Issue Soirée, sponsored by highend fashion retailer Luisaviaroma.com.

Partygoers mingled as they sipped on cocktails and nibbled on hors d’oeuvres.

Many posed on the red carpet with reality TV star, entrepreneur, author and designer Jill Zarin — who graced the cover of our May/June issue and opened up her lovely Upper East Side home to our readers. (You can catch her on TV again on July 15, when she’ll star in “Celebrity Wife Swap” on ABC.) Among the boldfaced names in attendance were Ivana Trump, former “Million Dollar Listing New York” star Michael Lorber and Zarin’s fellow “Real Housewives” alum Alex McCord. — Zachary Kussin

r-in-Chief Stua

rt Elliott

Mitchell Newman and Jill Zarin

Howard Lorber and Dottie Herman of Douglas Elliman Pamela Morgan and Zilia Sicre

Michael Lorber and Jill Zarin

Sarah Williams and Carly Soffer of Douglas Elliman

Bobby Zarin and Publisher Amir Ko

rangy Justin Elghanaya n of Rockrose Develop ment

Douglas Elliman’s Howard Lorber and Jill Zarin

Lauren Day and Jill Zarin

PHOTOGRAPHY BY BENNO KLANDT

NBC’s Raina Seitel and Jill Zarin

90 | Luxury Listings NYC | July/August 2014

Thomas Guss, president, and Dee Urbanski of New York Residence

r Interior designe Tonya Almallahof and Elan Gabai Douglas Elliman

Brigi MacTavish of Sotheby’s and Art Director Gregory Cullen “Real House Jacqueline wives of New York” st Murphy, Jill ar Zarin and RoAlex McCord, bin Cofer

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