NEWYORKCITYstyle
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2013 FALL EDITION
New York Market Report | Third Quarter 2013
MANHATTAN BROKERAGES sothebyshomes.com/nyc Our New York City real estate offices serve Manhattan and Brooklyn. We represent a wide variety of properties including condominiums, lofts, townhouses, new developments and apartments in legendary cooperative buildings.
EAST SIDE Ellie Johnson | Senior Vice President, Brokerage Manager 38 East 61st Street, New York, NY 10065 T 212.606.7660 | F 212.606.7661 ellie.johnson@sothebyshomes.com
DOWNTOWN Diane Levine | Senior Vice President, Brokerage Manager 149 Fifth Avenue, 4th Floor New York, NY 10010 T 212.431.2440 | F 212.431.2441 diane.levine@sothebyshomes.com
ON THE COVER 125 EAST 70TH STREET THE MELLON HOUSE Extraordinary 40’ wide townhouse built by banking heir, Paul Mellon, on a fabled Upper East Side block. Beautiful living room with 11’ ceiling and French doors to grand terrace, 5-8 bedrooms, superb chef’s kitchen, wine room, elevator, exquisite garden with reflecting pool. $46,000,000 WEB: NYCS0018793 Louise Beit, 212.606.7703
*Cover Photo by Manny Fernandes
NYCSTYLE® CREATIVE DESIGNERS: Eliseo Rivera, Marketing Manager UES | Silvia Wong, Marketing Cooridnator UES | Cara Moore, Creative Manager Corp.
NEW YORK CITY
TOWNHOUSES Nestled along quiet, picturesque tree-lined streets are some of the most luxurious and grand townhouses in New York City. From an extraordinarily stunning neo French classic style home in the Upper East Side, to an exquisitely restored Italianate row house tucked away in the charming enclaves of the West Village; these residences are lavish sanctuaries in this bustling metropolis. Elegant but discerning, extravagance is found in every component; from palatial winding staircases in coruscating glass-enclosed atriums, to magnificent original prewar details restored to represent the notable opulence of its origin. Elegant exposed brick walls, grand limestone facades and classic 19th century moldings speak to the sumptuous character of each historic element, while the state of the art technology and contemporary designs ties in the brilliant innovation of the day.
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TOWNHOUSES
247 CENTRAL PARK WEST
One of a few remaining single family homes on Central Park. This magnificent 12,000+/- sq ft architectural masterpiece features double height ceilings, elevator, 5 large bedrooms, and home gym with 60’ fresh water pool. $32,750,00 WEB: NYCS0018875 Vannessa Kaufman, 212.606.7639 | Stanley Ponte, 212.606.4109
34 EAST 62ND STREET
Landmark of the Future. Acclaimed architect Preston Phillips sets a new standard for Townhouse living in this prime location East Side neighborhood. This will deliver a Green/ LEED certified, 5 story, 20’ wide home with a sleek 21st century design. $40,000,000 WEB: NYCS0018597. Nikki Field, 212.606.7669 | Patricia A. Wheatley, 212.606.7613
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GREENWICH VILLAGE TREASURE
Located just off Fifth Avenue in Greenwich Village, this 25’ wide brownstone was originally built in 1848. The house was last renovated in 2001 with an incredible attention to detail. Beautifully proportioned with sun-filled rooms. $24,995,000 WEB:NYCS0136322 Debbie Korb, 212.431.2454 | Stephen McRae, 212.431.2424
TOWNHOUSES
16 EAST 95TH STREET
16 East 95th Street is situated just off Fifth Avenue on one of the most desirable residential blocks in Carnegie Hill and conveniently close to Central Park. Sun-filled, open and airy, this 18’ wide limestone townhouse is comprised of a total of five stories plus a fabulous roof deck with wonderful open city views and a windowed English Basement. Recently and impecccably renovated, the 8,000+/- square foot house includes five spacious bedrooms with ensuite baths. The house is equipped with state of the art technology including an elevator and generator plus all new electrical, plumbing, HVAC, communications and security systems. $23,500,000 WEB: NYCS0018915 Serena Boardman, 212.606.7611
120 EAST 71ST STREET
Triple mint townhouse located off Park Avenue has undergone 3-year renovation. Elegant 5-story, 12 room townhouse with new limestone façade, 38’ living room with 12’ ceiling, 5 bedrooms, chef’s kitchen, media room, wine storage, terrace, elevator, garden. $15,900,000 WEB: NYCS0019030 Louise Beit, 212.606.7703
THE 2013 KIPS BAY DECORATOR SHOW HOUSE
Located at 161 East 64th Street, one of the loveliest townhouse blocks. This 20’ wide, 5 story house features an elevator, a professional kitchen, gorgeous planted garden, 2-story glass enclosed atrium, soaring ceilings, expansive rooms, terraces, 4 bedrooms, and 4.5 baths. $16,000,000 WEB: NYCS0018930 J. Roger Erickson, 212.606.7612
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TOWNHOUSES
830 GREENWICH STREET
22 EAST 81ST STREET
14 SAINT LUKES PLACE
78 WEST 12TH STREET
Exquisite approximately 22’ wide corner home flooded with light provides two distinct addresses. The 4-story home offers a spectacular nearly 20’ tall artist’s studio off the rear of the home. Gut renovated with a stunning roof terrace. $16,750,000 WEB:NYCS0136656 Jeremy Stein 212.431.2427 | Robin Stein 212.431.2446
Once-in-a-lifetime opportunity to purchase a townhouse in the ultimate setting. Located on a quiet enclave in the West Village, a grand historic townhouse delivered with fully approved and detailed plans by architect Steven Harris. 6,933± sf. $12,000,000. WEB:NYCS0136766 Keith Copley,212.431.2469 | Chris Au, 212.431.2445
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Located on a prime residential block off Fifth Ave, this 21’ wide, 6-story house is ideally suited for conversion to a single family residence. Currently configured as a owner’s triplex designed by Robert A.M. Stern plus 6 income producing apartments. Over 7,500 sq ft. $15,950,000 WEB: NYCS0018951 Fred Williams, 212.606.7737
This well-proportioned townhouse has original architectural details, classic moldings, herringbone floors, and high ceilings. 5000+/- sq ft, there are 6 bedrooms, 4.5 baths, and a large kitchen with its own terrace plus a south-facing garden. $ 10,695,000 WEB:NYCS0136649 Keith Copley, 212.431.2469 | Chris Au, 212.431.2445
TOWNHOUSES
154 EAST 62ND STREET
46 EAST 82ND STREET
56 BANK STREET
263 WEST 93RD STREET
Gracious 4-story, 20’ wide residence with elevator lcoated in desirable Upper East Side. Unique architectural details includes double height ceilings, floor-to-ceiling windows, and south landscaped garden. $9,700,000 WEB: NYCS0018995. Pamela O’Connor, 212.606.7709 | Michael Pellegrino, 212.400.8731
Triple mint Townhouse located in desirable West Village. Picturesque 4 story, brick façade, 20’ wide home which resonates historic charm. Completely renovated with contemporary finishes and open layout. $7,300,000 WEB: NYCS0019119. Nikki Field, 212.606.7669 | Patricia A. Wheatley, 212.606.7613
Elegant bow-front limestone townhouse. This sun-filled 18 ft home offers soaring ceilings, well-proportioned rooms, elevator, 6 fireplaces and 550+/- sq ft garden terrace. A perfect space for entertaining and everyday living. $10,000,000 WEB: NYCS0018882. Nikki Field, 212.606.7669 | Patricia A. Whealty, 212.606.7613
Single family townhouse with beautiful details and sunny rooms ready to be restored to its original beauty. This private home is delivered vacant and currently configured with 6 bedrooms, 6 baths, 5 floor, garden and roof deck. $3,850,000 WEB: NYCS0018963. Stanley Ponte, 212.606.4109 | Vannessa Kaufman, 212.606.7369
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NEW YORK CITY
UPTOWN Distinct for its grand prewar architecture and landmarked 19th century brownstones, Uptown New York City is sophistication at its finest. With access to picturesque Central Park, brilliant cultural performances at Lincoln Center, and surrounded by rich history and cultural grandeur, it draws artists, students, and professionals to the community. Its high-end shops and quaint boutiques that line the neighborhood streets, create an opulent urban atmosphere, exemplifying a top-notch cosmopolitan living.
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Park Avenue | UPTOWN
SPACIOUS SPLENDOR AT 730 PARK AVENUE
This sprawling 15 into 11 room duplex is superbly located at the corner of 71st Street and commands high floor views from multiple corner exposures. The apartment effortlessly incorporates 6 large bedrooms with ensuite baths and ample closet space, while also boasting 4 extraordinary rooms ideally suited to grand style entertaining. Noteworthy features include a sweeping staircase that elegantly anchors the expansive and sunlit Gallery. $23,000,000 WEB: NYCS0019094 Serena Boardman, 212.606.7611
610 PARK AVENUE
Gloriously sunny and charming five room prewar condominium apartment distinguished by fabulous and abundant outlooks over Park Avenue and East 65th Street. The extremely gracious and versatile layout is further enhanced by an impeccably chic renovation boasting excellent custom finishes throughout. This beautifully designed corner residence is perfectly suited for sophisticated living and elegant entertaining. Approximately 2, 089 square feet. $6,500,000 WEB: NYCS0019131 Serena Boardman, 212.606.7611
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UPTOWN | Park Avenue
930 PARK AVENUE
MAGNIFICENT CLASSIC SIX
417 PARK AVENUE
891 PARK AVENUE
This elegant 8-room prewar co-op is on a high floor with excellent exposures to the East and West. It has gracious room arrangement with high ceilngs, open views, architectural details, 3 generous bedrooms, large kitchen, 2 maids room. $6,295,000 WEB: NYCS0018241 Leila C. Stone, 212.606.7663 | Sheila Ellis, 212.606.7691
Featured in Architectural Digest and designed by Mario Buatta, this gracious 5-room residence with major Park Avenue frontage offers exquisitely proportioned rooms, 10-foot high ceilings and exceptional flow for entertaining. $3,375,000 WEB: NYCS0019135 Christopher Rounick, 212.606.7643 | Lois Nasser, 212.606.7706
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Rarely available 3 bedrooms, 3 baths located in Emery Roth Park Avenue building. Features gracious proportions, architectural details, modern amenities, top-of-theline eat-in kitchen, open living room. $4,500,000 WEB: NYCS0019087 Elizabeth Lee Sample, 212.606.7685 | Brenda S. Powers, 212.606.7653
A full floor Classic 6 on Park Avenue located between 78th and 79th Streets. This high floor prewar 2 bedroom plus solarium, 2 bath is completely renovated. The living room and dining room have open views of Park Avenue. $2,150,000 WEB: NYCS0019105 Leah Kelly, 212.606.7724
Fifth Avenue | UPTOWN
GLAMOROUS FIFTH AVENUE TRIPLEX
Stunning Candela penthouse triplex, 12, 13, and14th floors. Extraordinary Central Park views, 4 exposures, dramatic planted terrace, magnificent paneling, 5 wood burn fireplaces with beautiful carved mantels, 5 master bedrooms, single pane windows and hand carved moldings. $50,000,000, WEB: NYCS0018952 Lois Nasser, 212.606.7706 | Harry Nasser, 212.400.8724
998 FIFTH AVENUE
Sun filled and elegant 14 into l2 room duplex in a highly regarded limestone building designed by McKim, Mead & White. The beautifully scaled rooms of this sprawling apartment are perfectly suited to the grandest entertaining. The expansive Gallery features a beautiful sweeping staircase and opens onto the massive Living Room and a lovely Dining Room, both with corner exposures and enormous woodburning fireplaces. Impeccable hardwood floors, soaring high ceilings and superb Old World architectural details, including exquisite period stained glass windows, distinguish this extraordinary Fifth Avenue residence. $22,000,000 WEB: NYCS0019133 Serena Boardman, 212.606.7611
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UPTOWN | Fifth Avenue UN
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This wonderful residence at the Stanhope enjoys truly spectacular views of Central Park, the Metropolitan Museum and the Manhattan skyline from a high floor. Approx. 4,357+/- square feet. Five bedrooms with five and a half baths. Offered in triple mint condition. $13,995,000 WEB: NYCS0019051 Serena Boardman, 212.606.7611
THE ULTIMATE PIED-A-TERRE
CORNER RESIDENCE AT THE SHERRY
Glamorous five room corner apartment at the prestigious Sherry Netherland distinguished by spectacular sun flooded vistas of Central Park, the Plaza and Fifth Avenue. The tasteful renovation reflects a sophisticated aesthetic that is both elegant and refined. $7,500,000 WEB: NYCS0018618 Serena Boardman, 212.606.7611
969 Fifth Avenue was designed by architect Joseph L. Raimist. It overlooks Central Park and is opposite the Duke Mansion. Features a gracious gallery, corner living room with 4 picture windows overlooking the Park, a magnificent panelled library. A particularly important element of the apartment is the architectural woodwork which was carved in England and installed in the apartment by the master craftsman who created it. $6,750,000 WEB: NYCS0018722 Leila C. Stone, 212.606.7663
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Upper East Side | UPTOWN
2 EAST 88TH STREET
PARK VIEWS, PREWAR CONDOMINIUM
Architecturally stunning full-floor prewar residence on Fifth Avenue in triple mint condition designed by world renowned architect, Roger Ferris. Situated on 88th Street directly opposite the Guggenheim Museum, the views of Central Park, the Reservoir. $25,000,000 WEB: NYCS0019057 J. Roger Erickson, 212.606.7612
Rare opportunity to purchase a 5,345+/- sq ft, 5 bedroom duplex on the 20th and 21st floor of the Barbizon/63 Condominium. Special features includes double height living room, eat-in Valcuccine kitchen, new windows, and luxury building amenities. $15,900,000 WEB: NYCS0018832 Danielle Englebardt, 212.606.7608
NEW YORK LIVING AT ITS FINEST
SPECTACULAR DUPLEX PENTHOUSE
The epitome of elegance, this grand six bedroom home achieves a rare balance of impressive scale for formal entertaining and luxurious comfort for daily life. Enormous windows afford outstanding southern and eastern light. $12,000,000 WEB: NYCS0136810 Joshua Wesoky, 212.431.2465 | Serena Boardman, 212.606.7611
Glamorous pre-war penthouse with breathtaking river, sky & city views and fabulously landscaped wrap terrace. 4 bedroom, 4.5 bath duplex has a gracious flow for entertaining. Large river-facing master suite. $7,995,000 WEB: NYCS0136845. Joshua Wesoky, 212.431.2465 | Steve Dawson, 212.810.4975
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UPTOWN | Upper East Side
PRISTINE CONDOMINIUM PENTHOUSE
19 EAST 72ND STREET
TERRACED TREASURE AT THE CARLYLE
TRIPLE MINT FOUR BEDROOM
This one of a kind 6 room condo penthouse is located in desirable prewar “jewel box” building just East of Park Avenue. Full floor 1,950+/- sq ft interior with a beautiful 1,000+/- sq ft warp around terrace. Perfect for gracious living and entertaining. $5,395,000 WEB: NYCS0019047 Michael Pellegrino, 212.400.8731
This glamorous high floor aerie perched atop the Carlyle Hotel is distinguished by three wonderful terraces with open city and skyline views. Residents of this distinguished white-glove prewar co-op Hotel enjoy a full staff including housekeeping. $3,950,000 WEB: NYCS0018857 Serena Boardman, 212.606.7611
PRE-WAR ELEGANCE
Sunny Western city views and graciously proportioned rooms characterize this distinguished 8-room cooperative in a discreet doorman building conviently located between 69th and 70th Street on Lexington Avenue in the heart of the Upper East Side. $3,250,000 WEB: NYCS0019062 Meredyth Hull Smith, 212.606.7683
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Handsome and charming duplex situated in one of Manhattan’s most highly regarded Rosario Candela buildings. This sunfilled residence features a versatile floorplan with many original details, wonderful open exposures to the East, and a beautful sweeping staircase. $5,600,000 WEB: NYCS0018587. Serena Boardman, 212.606.7611
Magnificent, triple mint 9 room apartment featuring a brand new and seamless topof-the-line renovation from 2 apartments with open city views in one of the Upper East Side’s most coveted locations, 72nd Street and Third Avenue. $3,495,000 WEB: NYCS0018936 J. Roger Erickson, 212.606.7612
THE SIENA - 188 EAST 76TH STREET, 14C
Stunning high floor 2 bedroom, 2.5 bath, 1,448+/- sq ft condo. Enter this well-laid out home through an expansive entrance gallery into a large sun-drenched living/ dining room wtih open skyline views. $2,625,000 WEB: NYCS0019003 Matthew J. Perceval, 212.606.7790 | James S. Skiff, 212.606.7794
Upper West Side | UPTOWN
25 COLUMBUS CIRCLE
This magnificent 14 room apartment has been completely gut renovated and redesigned by Tony Ingrao. The penthouse occupies the entire floor with double living room, library, media room, 6 bedrooms, 6 full baths, 2 half baths and amazing Central Park views. Also features extra high ceilings throughout, elegant and dramatic entertaining space and warm and inviting private sanctuaries. Smarthouse system controls lighting, heating, entertainment system, and electric shades. $75,000,000 WEB: NYCS0019022 Elizabeth Lee Sample, 212.606.7685 | Brenda S. Powers, 212.606.7653
TROPHY TOWNHOME IN LUXURY CONDO
Palatial 6 bedroom duplex townhome, 7435± sf of indoor/outdoor living. Dramatic entertaining. Chef’s kitchen, media room and office. Spectacular Hudson River view. Located in amenity driven Aldyn condominium with fitness, spa, pool, and basketball court. $13,900,000 WEB:NYCS0136620. Mara Flash Blum, 212.431.2447
80 RIVERSIDE BOULEVARD PENTHOUSE
This spectacular home has 360° views including the Hudson River to Pennsylvania, city and Park views. Completely renovated comprising over +/- 3100 sq. ft. , 4 bedrooms, 3.5 baths. $13,500,000 WEB: NYCS0019109. Elizabeth Lee Sample, 212.606.7685 | Brenda S. Powers, 212.606.7653
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UPTOWN | Upper West Side
205 WEST 76TH STREET
215 WEST 98TH STREET
65 CENTRAL PARK WEST
150 CENTRAL PARK SOUTH, APT 1810
The Harrison Condominium offers an elegant 2 bedroom, 3 bath home that features corner living room with large windows, formal dining room, and windowed kitchen. Amenities include on-site parking. $3,195,000 WEB: NYCS0018641 Mika Sakamoto, 212.606.7676 | Tom Cauthorn, 212.606.7679 | Cleo Vauban, 212.606.7675
For those with a discerning eye, this maisonette designed by architect Kenneth Libman is located on Central Park West and has a feel of living in a townhouse. The 2 bedroom, 2 bath apartment features Central Park views, mahogany paneling and top appliances. $2,780,000 WEB: NYCS0019025 Stanley Ponte, 212.606.4109
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Loft-like renovated prewar condominium home with open city views, triple exposures, and filled with sunlight. Featuring 10’ high ceilings, well-proportioned rooms, washer/dryer. Mint condition and in prime location. $2,150,000 WEB: NYCS0019024 Lisa Maysonet, 212.606.7603 | Gary Kabol, 212.606.7606
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Elegant, perfectly proportioned 2 bedroom, 3 bath co-op apartment at the magnificent Hampshire House. Located on the 18th floor, with beautiful open city and South-facing views, this apartment has a myriad of possibilities. $2,775,000 WEB: NYCS0019124 Kimberly Harounian, 212.606.7616 | Debra Peltz, 212.606.7635
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This beautiful prewar Classic 7 into 6 is the epitome of a rambling Upper West Side apartment with an emphasis on space, 9.5 ft ceilings, separation of public and private rooms and enough closets and storage space to put Manhattan Mini Storage out of business. $2,650,000 WEB: NYCS0019070. Stanley Ponte, 212.606.4109
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The much heralded Coronado Condominium now has an offering of a stunning split 2 bedroom, 2 bath with sun galore. Unique N/E corner living room with picture perfect open views thru an expansive stream of windows. $2,195,000 WEB: NYCS0019125 Lisa Maysonet, 212.606.7603 | Gary Kabol, 212.606.7606
NEW YORK CITY
MIDTOWN A myriad of culture, fashion, and the arts, Midtown Manhattan is the heart of the city. This dynamic location is valued for its close proximity to the bustling metropolis of the business district. Grandiose estates are among some of the most ornate and historic real estate the city has to offer. Romantic mansions along peaceful tree-lined streets are tucked away in elegant enclaves, just within walking distances of galleries, museums, and parks. Renowned landmarks include The New York Public Library and Carnegie Hall. The historic Grand Central Terminal makes travel convenient. Luxury high rises and ornate townhomes are all within minutes of the city’s finest dining and the world’s most famous shopping destinations. Midtown Manhattan is also home to several medical centers and academic institutions.
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MIDTOWN | Midtown East and West
146 WEST 57TH STREET PENTHOUSE DUPLEX
Penthouse living on the top two floors of Metropolitan Tower. Now featuring an ALL NEW DESIGN with Internationally acclaimed Bungalow5 furnishings. An impressive upgrade with soaring 12’ ceilings in the Master Suite. This extraordinary 3,815+/- sq. ft. duplex is perched above Manhattan with unparalleled views over Central Park, the New York City skyline and across the Hudson River. $8,950,000 WEB: NYCS0018673 Kevin B. Brown, 212.606.7748 | Nikki Field, 212.606.7669
435 EAST 52ND STREET
Spectacular River House Residence. Carter B. Horsely of The New York Times, writes of this prewar co-op as “arguably the city’s, if not the world’s finest apartment building.” A magnificent 14 room, 5 bedroom, 5.5 bath, duplex. $8,000,000 WEB: NYCS0019134 Nikki Field, 212.606.7669 | Patricia A. Wheatley, 212.606.7613
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PH DUPLEX- THE METROPOLITAN TOWER
Beyond spectacular views of Central Park and Manhattan from this 3,100+/- sq ft penthouse. Completely renovated, this 8-room apartment features a huge master suite, 2 additional bedrooms, gorgeous kitchen, media room, dining room and wet bar. $7,950,000 WEB: NYCS0018674 J. Roger Erickson, 212.606.7612
Midtown East and West | MIDTOWN
400 EAST 51ST STREET
This glamorous 3 bedroom, 3 and one half bath apartment is New York living at its’ finest. Designed for elegant living and entertaining, dine al fresco with enchanting river views on your 1130+/- sq foot private terrace. This trophy apartment boasts surround sound, central A/C, a gourmet eat-in kitchen complete with stainless steel appliance, adjacent to your formal dining room, grand living room and stylish family/media room. $5,850,000 WEB: NYCS 0019127 Tierney Model, 212.606.7740 | Leslie Model, 212.606.7770
845 UNITED NATIONS PLAZA
410 EAST 57TH STREET
444 EAST 57TH STREET
350 WEST 42ND STREET
Extraordinary 3 bedroom, 3 bath dream apartment in Trump World Tower with North and East views. Features 10’ ceilings, floor-to-ceiling windows, washer/ dryer. Building amenities includes lap pool, valet parking, garden. $3,800,000 WEB: NYCS0019093 Rebecca Cavallaro, 212.606.7641 | Pauline Evans, 212.400.8740
Unique investment opportunity. Tenant in place. This elegant prewar 4 room condo apartment is located in a lovely full service doorman building close to Sutton Place and the East River. Features high ceilings, fireplace, abundant closets. $2,450,000 WEB: NYCS0019021 Maria Bazo, 212.606.7647 | Serena Boardman, 212.606.7611
A preeminent Sutton Place area co-op. Light-filled residence 11A is truly beyond compare. Spacious and bright living room complete with fireplace, dining room, eatin kitchen, 3 bedrooms, 3 baths. $2,995,000 WEB: NYCS0019037 Rebecca Cavallaro, 212.606.7641 | Pauline Evans, 212.400.8740
Spectacular and spacious 3 bedroom, 2 bath condo in the heart of NYC. Helicopter views North and East featuring NYC’s most famous landmarks and the Hudson River. Large entertaining space, multiple closets and open kitchen. $2,395,000 WEB: NYCS0019084 Pauline Evans, 212.400.8740 | Rebecca Cavallaro, 212.606.7641
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NEW YORK CITY
DOWNTOWN The charm of historic neighborhoods coupled with access to both the Financial District and dynamic nightlife has proven to be much desired Downtown. Situated near distinguished academic institutions and prestigious medical centers, are picturesque brownstones and 19th century townhomes on winding tree-lined streets, filled with elaborate detail and rich character. Nearby European-style shops and chic boutiques provide old world charm coupled with fine dining and exclusive entertainment. Modern luxury towers and high-end contemporary lofts that exude style and sophistication are located in close proximity. With gorgeous views overlooking the city and the river, Downtown Manhattan is one of the most desirable residential areas of the city with a vibrant and diverse ambiance.
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DOWNTOWN
73 WOOSTER STREET
This superb loft features soaring 14+/- ft ceilings, giant casement windows, and wonderful sunlight throughout. Measuring nearly 4,400+/- sq ft there are 4 huge bedrooms, 4.5 baths, and a private media room. Triple mint condition with wide plank wood floors, a beautiful fireplace, and an extra-large kitchen. $10,000,000 WEB: NYCS0136812 Keith Copley, 212.431.2469 | Chris Au, 212.431.2445
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DOWNTOWN
481 GREENWICH STREET
Brilliant light, quality craftsmanship and timeless design mingle to create a one-of-a-kind, Duplex Penthouse. 3-4 bedroom Loft offers 4,500± sf of interior living and 3,400± sf of outdoor space. $9,750,000 WEB: NYCS0136801 Jeremy Stein, 212.431.2427 | Robin Stein, 212.431.2446
TRIBECA PENTHOUSE MASTERPIECE
101 WARREN STREET, TH5B
66 LEONARD STREET, 12BC
MINIMALIST MASTERPIECE
60 Warren Street – 5-story 10,911± sf penthouse with 3 terraces and private roof garden,1,000-bottle wine storage, stainless steel/glass staircase & private elevator connect the floors. A masterpiece! $24,500,000 WEB:NYCS0135122 Stephen McRae, 212.431.2424
Large bright apartment in the heart of Tribeca, 28 windows illuminate this 5,600+/-square foot apartment. 5 bedrooms, 4.5 bathrooms, walk-in closets, high ceilings, hardwood floors and a chef’s kitchen, make this a very desirable residence. WEB ID: NYCS0136800 $7,975,000 Malcolm Beadling, 212.810.4995
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Experience Indoor/outdoor lifestyle in this exceptional 4 bedrooms, 4.5 bath duplex. Walls of glass, private wrap terrace and high quality custom finishes throughout. Prestigious full service condominium. $7,500,000 WEB: NYCS 0136660 Jeremy Stein, 212.431.2427 | Robin Stein, 212.431.2446
2 bedrooms 1.5 baths with river and park views. Floor to ceiling windows. This loft features 11+/- ft ceilings and a private outdoor balcony. 24-hour doorman and generous tax abatement. $2,895,000 WEB:NYCS0136764 Jonathan Hettinger, 212.810.4953 | Mark Amadei, 917.207.0374
DOWNTOWN
477 BROOME STREET COMBO
73 WORTH STREET, THE WORTH BUILDING
RARE NOMAD DUPLEX LOFT
166 WEST 18TH STREET
Top floor, authentic side by side artists’ lofts are square shaped, private and peaceful. Two massive overhead industrial skylights, exposed brick, original columns, high tin ceilings, blond wood floors and eight south facing windows create abundant light. $3,500,000 WEB:NYCS0136817 Meg Siegel,212.431.2451
Light and Location-Sprawling duplex in NoMad’s Landmarked Gilsey House. 3,034 +/- sqft 5E offers two level loft living with Empire State Building views, 11’± ceilings, hardwood floors and a flexible 2+ bedrooms, 2+ baths. $2,749,000 WEB:NYCS0136841 Timothy Burch, 212.810.4985 | Kathryn Swift, 212.810.4955
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Located in a historic TriBeCa doorman-attended condo, this superb 2,571+/- sq ft loft boasts 12’9” ceilings, 12 oversized windows and sunlit South & West exposures from every room. A light-flooded corner Living/Dining Room features open southern views. $3,900,000 WEB: NYCS0019095. Roberta Golubock, 212.606.7704
This floor-through, triple mint penthouse offers 4 bedrooms, 4.5 baths, private rooftop terrace, and panoramic city views. This truly unique masterpiece boasts every high-end finish one can imagine. $10,600,000 WEB:NYCS 0136498 Philip McCarthy, 212.810.4954
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Rarely available light-filled West Village Condo Loft. Impressively scaled 2 bedroom, 2 bath home has 12’+/- beamed ceilings & oversized, sun-filled, south-facing windows with sky & city views. $2,495,000 WEB: NYCS0136809. Joshua Wesoky, 212.431.2465 | Steve Dawson, 212.810.4975
300 WEST 23RD STREET
Unparalleled views of Manhattan and beyond from the wrap around South, East and West facing terraces of this architect-designed penthouse aerie. The 1 bed loft-like space features 11+/- ft ceilings, top of the line finishes throughout. $2,095,000 WEB: NYCS0136720 Jonathan Hettinger, 212.810.4953 | Mark Amadei ,212.431.2449
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DOWNTOWN
25 BOND STREET
HOUSTON PLACE CONDOMINIUM
233 EAST 17TH STREET, PENTHOUSE 1
36 GRAMERCY PARK EAST CONDOMINIUM
303 EAST 33RD STREET
157 LUDLOW STREET
Bronze elevators open onto a large living and dining room space with high ceilings and a 50’ +/- window wall. 3 bedrooms, 3.5 baths, a wood-burning fireplaces and fully equipped Bulthaup kitchen round out a spectacular room. $8,900,000 WEB:: NYCS0136807 Michael Ives, 212.810.4956
Simply fantastic 2,200+/- sq. ft. residence in this Landmarked 1877 Gothic Revival boutique condo. Features 3 bedroom, 3.5 bath, 19’ high glass atrium, 13’ ceilings, direct Park views, landscaped 1,500+/- sq ft roof deck. $5,480,000 WEB:NYCS0019014 Stanley Ponte, 212.606.4109 | Randall Gianopulos, 212.606.7622
Simply fantastic Penthouse with open views and flooded with North and East light. This 2 bedroom, 2 bathroom condo boasts a large terrace off of the Living Room and closets everywhere. Enjoy views that include the iconic Empire State and United Nations Buildings $3,250,000 WEB: NYCS0018940 Stanley Ponte, 212.606.4109
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Every detail has been attended to in this triple mint 1 bedroom with den duplex loft with 900+ sq ft private roof terrace, chef’s kitchen, open living and dining room with gas fireplace in the heart of vibrant East Village. $1,700,000 WEB: NYCS0136774 Michael Quinn, 212.431.2475 | Joshua Judge, 212.431.2476
A masterpiece historic pre-war condo. 2 bedrooms and 2 bathrooms overlooking majestic park from every room, charming bay windows, high ceiling, original moldings, renovated windowed kitchen. $3,925,000 WEB:NYCS0019058 Hideko Horiguchi, 212.606.7674 | Mika Sakamoto, 212.606
Chic 1,525+/- sq ft duplex penthouse condominium in the heart of New York City’s cutting edge and fashionable Lower East Side Neighborhood. Enter onto an open loft plan with living room, dining area, powder room and kitchen. $2,582,000 WEB: NYCS0018830 Stanley Ponte, 212.606.4109
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Rare Corner 2 bedroom, 2 bath Loft, stunningly renovated and bathed in light. 11’+/ceilings, Corinthian columns, ebonized wood floors, mahogany-cased windows, and top of the line kitchen. WEB: NYCS0136686 $2,750,000 Jeremy Stein, 917.854.4411 | Robin Stein, 212.431.2446
61 FIFTH AVENUE, NEW DEVELOPMENT
Newly constructed 10-story boutique condo designed by renowned architect Alta Indelman. The LEED-certified building seamlessly incorporates state of the art technology and a contemporary sensibility within a traditional architectural vernacular. $12,975,000 - $28,500,000 WEB: NYCS0018902. Serena Boardman, 212.606.7611
MADISON SQ PARK - 4 BEDROOMS & VIEWS
117 EAST 24TH STREET
Sprawling loft overlooking Madison Square Park from this 14th floor pre-war condo. Its 3,236+/- sq ft are in triple mint condition and include 11’ ceilings, a 31’ long living room, an Arclinea kitchen with wine cooler, a media room, 4 bedrooms, and 3.5 bathrooms. $9,700,000 WEB: NYCS0019128 J. Roger Erickson | 212.606.7612
The epitome of true loft living! Newly renovated with 3 bedrooms and 3 full baths and 4,400 +/- gross sq ft, flooded with light from 45 ft of UV protected south facing windows. Other features include a key lock elevator, 11’5” ceilngs, and sliding glass doors. $6,500,000 WEB: NYCS0018969. Stanley Ponte, 212.606.4109
108 FIFTH AVENUE, 9B
ONE FIFTH AVENUE
Let the sun shine into this contemporary corner split 2 bedroom 2 bath Lower Fifth Ave condo with oversized windows & 2 fabulous balconies. Expansive living & dining room, generous closet space, renovated kitchen. $2,195,000 WEB: NYCS0019074 Leslie S. Modell, 212.606.7668
Townhouse in the Sky. Stunning, mint-condition 8 room terraced Penthouse duplex located in one of the most prestigious prewar co-ops on lower Fifth Avenue. Acclaimed architect Joe Serrins achieved a masterpiece of form and function by imagining an interior landscape.$11,000,000 WEB: NYCS0018614. Nikki Field, 212.606.7669
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45 TUDOR CITY
PRIME SOHO LOFT
419 WEST 55TH ST, 6A
333 EAST 53RD STREET
310 WEST 18TH STREET
Open Western skyline views bring an open and bright feel to the first studio resale at this acclaimed boutique Chelsea condop. Carbonized bamboo flooring lends a stylish, sophisticated look. High-end fixtures and abundant closet space. $699,000 WEB: NYCS0136784 Jeff Brenner, 212.810.4988
Charm, location and views distinguish this beautifully bright prewar one-bedroom loft. Architectural features include exposed brick, high ceilings, 6 wood-framed windows and antique wood doors. Thompson Street cityscape western views. Renovated with style. $615,000 WEB: NYCS0136560 Mara Flash Blum, 212.431.2447
Rarely available, this sun lit south facing one bedroom with a guest room/den has been completely reconfigured to maximize clean lines, space & functionality. Exquisitely honed lime stone flooring along. $579,000 WEB: NYCS0136706 Amy Lee, 212.810.4961
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This 18th floor, one bedroom has direct views of the Chrysler Building and of Tudor City gardens from both the living room and bedroom. Separate kitchen in good condition and nice closet space. Excellent opportunity. $566,000 WEB: NYCS0136769 Dana Williams, 212.4312467
Sleek and spacious alcove studio loft in the heart of Midtown West. Featuring open views of the city and skyline to the south, 10’ +/- ceilings, hardwood floors, separate windowed sleeping area, modern kitchen and full bath. $599,000. WEB: NYCS0136805 Kathryn Swift, 212.810.4955
Welcome home to your top floor furnished Chelsea studio in a charming 19th century brownstone. Hardwood floors, 9’2”+/- ceilings, open kitchen with breakfast bar, full bath. Own vs. rent! $289,000 WEB: NYCS0136738 Kathryn Swift, 212.810.4955
BROOKLYN
BROOKLYN Known for its vibrant energy and historic neighborhoods, Brooklyn has emerged as one of the most highly sought after locations in New York City. Enchanting turn of the century brownstones along cobblestone streets are within close proximity to the cultural institutions and establishments that Brooklyn is famous for. The Brooklyn Botanic Gardens, Prospect Park and the Brooklyn Academy of Music are just a few of the cultural highlights that make up this engaging part of the city. Historic prewar estates and classic renovated townhomes are moments from fine dining, performing arts, and various academic institutions. Contemporary luxury condominiums along the East River overlook fantastic views of the water as well as the famous backdrop of the Manhattan skyline. The prime real estate and cosmopolitan culture of Brooklyn is an avant-garde combination of elegance and sophistication.
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BROOKLYN
175 WATER STREET
Contemporary, 4 bed townhouse across from new park, 5 levels of living space & private parking. Parlor floor boasts 20+/-ft ceilings in living & dining rooms. Rear terrace plus roof deck. Pre-construction. $4,950,000. WEB:NYCS0136679 Karen Heyman, 212.810.4990 | Alan Heyman 212.810.4991
ONE MAIN STREET, 5D
Unique, renovated, sprawling Clocktower Condo corner loft. Chef’s kitchen, 2 bedrooms with en-suite baths, den, and powder room. Oversized windows, Full service, planted roof deck and gym. $3,999,995 WEB:NYCS0136654 Karen Heyman, 212.810.4990 | Alan Heyman, 212.810.4991
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LOFT LIVING AT ITS BEST
50 BRIDGE STREET
BROOKLYN HEIGHTS PENTHOUSE PERFECTION
Spacious 4 bed, 3 full bath Townhouse. The custom kitchen looks on to upper deck and deep patio with 3 level yard. Full floor master suite with skylit master bath. This 3,750+/- sq ft home sits on a 19.5’ x 125’+/- lot. $3,650,000 WEB: NYCS0136791 Karen Heyman, 212.810.4990 | Alan Heyman, 212.810.4991
Live your Brooklyn dream! Dramatic Penthouse DUMBO Triplex Loft with 2 Private Terraces with sensational views of the East River, 2 Bridges & Downtown Manhattan! The 1st floor features dramatic double height ceilings, open expansive living & dining space. $2,150,000 WEB: NYCS0018974 James S Skiff, 212.606.7794
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Sun-drenched oversized corner loft across the street from the iconic Brooklyn Bridge Park. Spaciously designed with 2 bedrooms plus den and 2.5 marble baths, south and west exposures. 11’ +/- concrete beamed ceilings.$2,599,000 WEB:NYCS0136590 Karen Heyman, 212.810.4990 | Alan Heyman, 212.810.4991
Oversized 2 bedroom, 2 bath corner home with stunning skyline & harbor views with private terrace. Sun-filled & newly renovated with modern eat-in kitchen, D/W, granite counter tops, & huge pantry and a home office. $ 1,799,000 WEB: NYCS 0136749 Karen Heyman, 212.810.4990 | Alan Heyman, 212.810.4991
NEW YORK CITY MARKET REPORT THIRD QUARTER 2013
ON THE MARKET A MESSAGE FROM OUR MANAGERS: Real estate activity in the 3rd quarter was incredibly brisk. According to data from Vanderbilt Appraisal Company, strong demand and limited supply resulted in higher prices in nearly every price category. Buyers are eager to complete a purchase while mortgage interest rates remain low. Sellers are achieving numbers that rival record setting prices prior to the 2008 downturn. Whether buying or selling, we are here to assist you in reaching your goals. Enjoy the cooler weather and colorful leaves as the NYC real estate market continues to sizzle.
DOWNTOWN BROKERAGE
Diane Levine Senior Vice President Brokerage Manager
LISTINGS AROUND THE WORLD IN THIS PRICE RANGE IN METROPOLITAN MARKETS
*All price shown are in USD
SAN FRANCISCO, CA
BEVERLY HILLS, CA
STINSON BEACH, CA
4 br, 3 ba | $5,995,000
5 br, 5 ba, 1 hf ba | $6,495,000
4 br, 3 ba | $6,450,000
PALM BEACH GARDENS, FL
WAINSCOTT, NY
SANTA BARBARA, CA
6 br, 7 ba, 1 hf ba | $6,650,000
5 br, 5 ba, 2 hf ba | $4,750,000
4 br, 4 ba, 1 hf ba | $5,750,000
MEXICO
ST. LUCIA
MALTA
7 br, 9 ba, 2 hf ba | $6,250,000
8 br, 8 ba | $5,000,000
5 br, 7 ba | Price Upon Request
IN RESORT MARKETS
IN FOREIGN MARKETS
UPCOMING AUCTION ITEMS
t: 212.431.2440 149 Fifth Avenue, 4th Floor New York, NY 10010
EAST SIDE BROKERAGE
Ellie Johnson Senior Vice President Brokerage Manager t: 212.606.7660 38 East 61st Street New York, NY 10065
AUTOMOBILE IN CORSA, 1913 BY GIACOMO BALLA Impressionist & Modern Art Evening Sale November 6, 2013 Estimate: $12 - 18 Million
THE GOSSIPS, 1848 BY NORMAN ROCKWELL FOR THE SATURDAY EVENING POST American Art Sale; Dec. 4, 2013 Estimate: $6 - 9 Million
DOWNTOWN MANHATTAN BROKERAGE: 149 Fifth Avenue, 4th Floor, NYC 10010 | 212.431.2440 EAST SIDE MANHATTAN BROKERAGE: 38 East 61ST Street, NYC 10065 | 212.606.7660 sothebyshomes.com/nyc
LIZ #1, 1963 BY ANDY WARHOL Contemporary Art Sale November 13, 2013 Estimate: $20 - 30 Million
MANHATTAN OVERALL 3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
Average Sale Price
$1,349,000
$1,634,000
$1,321,000
$1,431,000
$1,439,000
Median Sale Price
$850,000
$850,000
$800,000
$875,000
$870,000
OVERALL NUMBER OF CLOSED SALES IN MANHATTAN The number of closed sales in the third quarter of 2013 was approximately 3,552, down slightly from one year ago. Although market demand remains high, there is a supply shortage that has not been seen since 2005-2008. This shortage is due in part to the lag in building of new constructions, as a result of the credit crisis combined with a lack of resale units currently available. The average sale price in the third quarter of 2013 was $1,439,000, which was up 6.7% over the same quarter in 2012, but is relatively unchanged from the second quarter of 2013. This may be an indication that prices are beginning to stabilize in certain segments of the market after a period of growth in the first half of this year.
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
*Co-ops, Condos. Excludes sales less than $150,000
AVERAGE AND MEDIAN SALES IN MANHATTAN $1,800,000 $1,600,000
The median sale price for the third quarter of this year is essentially unchanged from the prior quarter and only 2% higher than the same period in 2012.
$1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $3Q:12
4Q:12 Manhattan Avg Sale Price
*Source: Vanderbilt Appraisal Company | info@vanderbiltappraisal
1Q:13
2Q:13 Manhattan Median Sale Price
3Q:13
MANHATTAN BREAKDOWN CO-OPS With 2,055 sales, co-ops accounted for 58% of the total number of sales in the third quarter of 2013. The average sales price is up 20% this quarter over the same quarter last year but has remained relatively unchanged since the prior quarter. Again, this may be an indication that the market is stabilizing.
3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
Average Sale Price
$950,000
$1,373,000
$990,000
$1,105,000
$1,142,000
Median Sale Price
$650,000
$663,000
$625,000
$660,000
$681,000
NUMBER OF SALES
AVERAGE AND MEDIAN SALE PRICE
2,500
$1,600,000 $1,400,000
2,000
$1,200,000 $1,000,000
1,500
$800,000 $600,000
1,000
$400,000
500
$200,000 $0 3Q:12
0 3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
4Q:12
1Q:13
Manhattan Coop Avg Sale Price
2Q:13
3Q:13
Manhattan Coop Median Sale Price
CONDOS The number of condo sales was 1,497 accounting for 42% of the total sales in this period. The average sale price of all Manhattan condo sales was up 9% since the same period last year, while the average price per square foot increased 12% to $1,387/sf.
3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
Average Sale Price
$1,825,000
$1,939,000
$1,758,000
$1,813,000
$1,951,000
Median Sale Price
$1,165,000
$1,168,000
$1,095,000
$1,215,000
$1,200,000
Average Price/sq ft
$1,242
$1,304
$1,257
$1,322
$1,387
AVERAGE AND MEDIAN SALE PRICE
NUMBER OF SALES 2,000
$2,500,000
1,800 1,600
$2,000,000
1,400 $1,500,000
1,200 1,000
$1,000,000
800 600
$500,000
400 200
$3Q:12
3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
4Q:12
1Q:13
Manhattan Condo Avg Sale Price
DOWNTOWN MANHATTAN BROKERAGE: 149 Fifth Avenue, 4th Floor, NYC 10010 | 212.431.2440 EAST SIDE MANHATTAN BROKERAGE: 38 East 61ST Street, NYC 10065 | 212.606.7660 sothebyshomes.com/nyc
2Q:13
3Q:13
Manhattan Condo Median Sale Price
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MANHATTAN BREAKDOWN CONDO AND CO-OPS The absorption rate is calculated by taking the total number of currently active listings and dividing by the average number of closed sales over the 6 month period. Nearly all price segments are experiencing a relative shortage of inventory. The top price tiers have rates that are much higher than the 9-month, equilibrium level. However, this level of supply is fairly common in the top tier price bracket. The overall Manhattan absorption rate is 4.1 months which is a rate that signifies a “seller’s market”. The historic range of equilibrium for the market area is between 6-9 months.
Active Avg Closed/mo Absorption
$300k$499k 634 206 3.1
$500k$999k 1208 503 2.4
$1 mil $1.5 mil 492 178 2.8
$1.5 mil $2 mil 413 121 3.4
$2 mil $3 mil 469 121 3.9
ACTIVE
$3 mil $6 mil $6 mil $10 mil 515 255 95 22 5.4 11.5 Overall Absorption Rate
$10+ mil 222 6 40.4 4.1
ABSORPTION RATE 20+
6%
5%
15%
300-499k
18
500k-999k
16 14
1 mil-1.5mil
12%
12
1.5mil-2mil
10
2mil-3mil 11%
29%
8
3mil-6mil
6
6mil-10mil 10%
Equilibrium (6-9 Months)
4
10+ mil
2
12%
0 300-499k
500k-999k
1 mil-1.5mil
1.5mil-2mil
2mil-3mil
3mil-6mil
6mil-10mil
10+ mil
ULTRA-LUXURY MARKET
($10+ million, including Coops/Condos/Townhouses) There have been 31 ultra-luxury sales, an increase of 55% since the same quarter in 2012 and an increase of 55% since the prior quarter of 2013. The average sale price of properties in this market segment was $16.1mil in the third quarter of 2013, which is 7% higher than the same quarter in 2012 but 8% lower than the prior quarter of this year. The highest posted sale for this year occurred in the 3rd quarter at $30mil which is 42% higher than the highest posted sale in the same quarter of last year. 3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
Number of Sales
20
50
16
20
31
Average Sale Price
$15,082,000
$17,900,000
$14,634,000
$17,535,000
$16,092,000
Highest Sale Price
$21,000,000
$54,000,000
$21,000,000
$25,000,000
$30,000,000
*Source: Vanderbilt Appraisal Company | info@vanderbiltappraisal
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NEIGHBORHOOD BREAKDOWN UPPER EAST SIDE The average sale price increased 4% from the third quarter of 2012 and jumped 13% from the second quarter of 2013. The average sale price of an Upper East Side condo is up over 12% over the last quarter and up 9% from the same quarter last year.
3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
# of Co-op Sales
535
603
396
584
551 $1,618,000
Avg Co-op Price
$1,450,000
$2,168,000
$1,335,000
$1,428,000
# of Condo Sales
203
229
179
286
233
Avg Condo Price
$1,900,000
$1,803,000
$1,872,000
$1,893,000
$2,128,000
UPPER WEST SIDE The average sale price of an Upper West Side co-op was $1,196,000 with nearly 4% more closed sales than prior quarter. The average sale price of a condo unit was $2,200,000, nearly 15% higher than 2nd quarter of 2013.
3Q:12
4Q:12
1Q:13
2Q:13
# of Co-op Sales
491
369
291
414
3Q:13 431
Avg Co-op Price
$1,185,000
$1,311,000
$1,041,000
$1,210,000
$1,196,000
# of Condo Sales
256
249
165
253
239
Avg Condo Price
$2,245,000
$2,485,000
$2,335,000
$1,920,000
$2,200,000
MIDTOWN The average sale price of a co-op in this quarter was $842,000 as the average price continues to increase quarter over quarter in 2013, up 14% since the first quarter of this year. The average condo price was $1,523,000 which is relatively unchanged since the prior quarter but approximately 7% higher than one year ago. 3Q:12
4Q:12
1Q:13
2Q:13
# of Co-op Sales
329
285
246
318
3Q:13 317
Avg Co-op Price
$859,000
$785,000
$736,000
$821,000
$842,000
# of Condo Sales
351
362
238
388
323
Avg Condo Price
$1,420,000
$1,720,000
$1,579,000
$1,530,000
$1,523,000
UPTOWN The average sale price of co-ops has steadily increased quarter over quarter of this year, up 19% from the first quarter, and is 13% higher than one year prior. However, the average sale price of the 98 closed condo sales was $605,000, 9% lower than one year ago and 9% lower than the first quarter of this year. 3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
# of Co-op Sales
131
106
116
128
138
Avg Co-op Price
$384,000
$434,000
$365,000
$408,000
$433,000
# of Condo Sales
130
85
90
134
98
Avg Condo Price
$665,000
$708,000
664,000
$611,000
$605,000
*Source: Vanderbilt Appraisal Company | info@vanderbiltappraisal
DOWNTOWN MANHATTAN BROKERAGE: 149 Fifth Avenue, 4th Floor, NYC 10010 | 212.431.2440 EAST SIDE MANHATTAN BROKERAGE: 38 East 61ST Street, NYC 10065 | 212.606.7660 sothebyshomes.com/nyc
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NEIGHBORHOOD BREAKDOWN DOWNTOWN The average sale price of co-ops increased 10% over last year, while condo units had an increase of nearly 15% to $2,446,000.
3Q:12
4Q:12
1Q:13
2Q:13
# of Co-op Sales
599
537
404
614
3Q:13 605
Avg Co-op Price
$909,000
$987,000
$904,000
$1,024,000
$997,000
# of Condo Sales
492
427
344
518
442
Avg Condo Price
$2,121,000
$2,311,000
2,177,000
$2,565,000
$2,446,000
FINANCIAL DISTRICT The average sale price of a condo in this market declined 3% from one year ago but has shown continued to show growth since the first quarter of this year, with an 8% increase since the first quarter.
3Q:12
4Q:12
1Q:13
2Q:13
# of Co-op Sales
8
4
6
10
3Q:13 12
Avg Co-op Price
$795,000
$557,000
$715,000
$764,000
$871,000
# of Condo Sales
160
173
138
211
163
Avg Condo Price
$1,092,000
$956,000
980,000
$1,018,000
$1,057,000
SUMMARY TOTAL NUMBER OF SALES
AVERAGE SALE PRICES $2,250,000
1,200
$2,000,000
1,000
$1,750,000 $1,500,000
800
$1,250,000
600
$1,000,000 $750,000
400
$500,000
200
$250,000 $0
3Q:12
4Q:12
1Q:13
2Q:13
3Q:13
4Q:12
1Q:13
2Q:13
3Q:13
Upper East Side
Upper West Side
Midtown
Upper East Side
Upper West Side
Midtown
Uptown
Downtown
Financial District
Uptown
Downtown
Financial District
*Source: Vanderbilt Appraisal Company | info@vanderbiltappraisal
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3Q:12
Photography: © Alexander Frank.
WORLD PRESENCE THE NETWORK’S REACH The Sotheby’s International Realty® network was established to connect the finest real estate companies to the most prestigious clientele in the world, and today boasts nearly 13,000 sales associates, located in more than 660 offices in 49 countries and territories. In 2012, referrals from this network generated over $1billion. Anguilla Argentina Aruba Australia Bahamas Barbados Bermuda British Virgin Islands Canada Cayman Islands Costa Rica Czech Republic Dominican Republic
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Dubai Estonia France Germany Gibraltar Greece Hong Kong Israel Italy Japan Latvia Lithuania Malta
Mexico Monaco New Zealand Peru Philippines Portugal Puerto Rico Russia Saudi Arabia Slovakia South Africa Spain St. Barth’s
St. Lucia Sweden Switzerland Taiwan Thailand Turkey Turks and Caicos Islands United Kingdom United States U. S. Virgin Islands Uruguay Vietnam
HAMPTONS
HISTORIC L’HOMMEDIEU HOUSE - CIRCA 1840 | SAG HARBOR VILLAGE
Sag Harbor’s finest historic residence offers authentic town house architecture, a grand entry, elegantly proportioned rooms, sweeping staircase, original windows with interior shutters, and classic details. Noted architect, Samuel White designed the veranda and renovation combining the historic heritage with a country home offering timeless elegance. $3,600,000, WEB: 0036295 www.SagHarborsFinest.com
SUSAN SPROTT 631.613.7326 | susan.sprott@sothebyshomes.com sothebyshomes.com/hamptons
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HAMPTONS
FURTHER LANE COMPOUND | EAST HAMPTON
OVER 3 ACRES | SAGAPONACK SOUTH
OCEAN ACCESS | SAGAPONACK SOUTH
OVER SIX ACRES | HAMPTON BAYS
Compound combines main house with four outbuildings. Outdoor entertainment areas, stone paths, apple orchards, and landscape connecting and naturally blending all together. Elegant, yet casually comfortable. A timeless home to live in. $24,500,000 WEB: 0036727
Unique 4 acres with 2 residences, pool and 2 barn buildings. Can be expanded and kept or replaced with one large residence. Allowances for over 11,500 sq. ft. of roofed structures and tennis court. $15,000,000 WEB: 0036304
MARC BOCCHI 631.525.7060 | marc.bocchi@sothebyshomes.com 36
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Private, unique, rare land with min 8 bedrooms, 9 baths sprawling, artistic home. Salt water pool. Spa. Hidden north/south tennis. Majestic landscaping. Pond with water lilies. Special. $18,995,000 WEB: 0037035
2 Unique properties. One property offers an 1850 farmhouse. The second property offers a beach cottage on over 4 acres. $3,295,000 WEB: 0037018 Also available separately. $1,700,000 WEB: 0036907 $1,725,000 WEB: 0036908
LINDA HAUGEVIK 631.838.2247 | linda.haugevik@sothebyshomes.com
HAMPTONS
“STRONGHEART” 26 and 28 and 32 ACTORS COLONY ROAD | NORTH HAVEN WATERFRONT
Impeccable and private 6+ acre estate with 300+ ft. waterfront. Built in 1902, beautifully renovated and expanded. Strongheart Manor house anchors the estate with 2 additional guest houses on 3 single and separate lots. Panoramic water views, rolling lawns, flowering gardens, outdoor fireplace pavilion, teahouse, waterfront pond and dock permits. A unique property that can never be replicated. $65,000,000 WEB: 0037127
LINDA HAUGEVIK 631.838.2247 | linda.haugevik@sothebyshomes.com sothebyshomes.com/hamptons
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HAMPTONS
IMMEDIATE OCEAN ACCESS | EAST HAMPTON
Magical Hook Pond Properties are being offered together for the first time since 1968. Two waterfront single and separate homes, each on an acre of land in one of East Hampton’s most sought after locations, adjacent to Main Beach. $28,000,000. WEB: 0037198
BEAUTIFUL TRADITIONAL | BRIDGEHAMPTON
CUSTOM 7500+/- SF TUDOR | SOUTHAMPTON
Desirable Casey Lane home on an acre features 6 bedrooms, 2 living areas, 2 dining areas, eat-in kitchen and 3 season screened in porch. Heated gunite pool. Close to town, vineyards and ocean beaches. $2,975,000 WEB: 1050245
Designed with today’s lifestyle in mind, this home features amenities customized for the tech savvy buyer. Six bedrooms, 4 fireplaces, multiple living and dining areas and outdoor summer kitchen. $3,475,000. WEB: 0037172
ENTERTAINER’S PARADISE | WATER MILL
EXPANSIVE OCEAN & BAY VIEWS | WATER MILL
Extravagant 12,000+/- sq. ft. home sited on one of Water Mill’s highest elevations. This 9+/- acre estate offers panoramic views that extend to the ocean and beyond. Custom designed pool. $8,375,000 WEB: 0037179
ANGELA BOYER-STUMP 631.613.7345 | angela.boyer@sothebyshomes.com 38
sothebyshomes.com/hamptons
Unique in style and design on 5.68+/- acres, this home is expertly crafted offering 4,000+/- sq. ft. of living space, 4 bedrooms, 3 fireplaces, 2nd floor library, roof top hot tub, pool and har-tru tennis. $4,000,000 WEB: 0035121
HAMPTONS
CUSTOM GEORGICA ESTATE ON OVER 2 ACRES | EAST HAMPTON
This superbly crafted manor home features 7 bedrooms, 9 baths, gambrel style library and formal dining. Ed Hollander designed landscaping that was featured on the Guild Hall Garden Tour, heated gunite pool and pool house. $12,400,000 WEB: 0037212
65+/- ACRES | SHELTER ISLAND
MODERN NEAR THE OCEAN | SAGAPONACK
TRANQUIL LIVING, 5 ACRES | WATER MILL
HISTORIC TRADITIONAL | EAST HAMPTON
A one-time opportunity to own this very special equestrian property with park like grounds. Equestrian facilities include 50 stalls, paddocks, indoor ring and adjoining 4+/- acre single and separate lot. $5,850,000 WEB: 0037005
This 5 acre bucolic property offers tranquil living. The authentic farmhouse consists of gracious living room, updated chef’s kitchen, 3 bedrooms including master. Potato barn and 3.5 agricultural reserve. $2,650,000 WEB: 0037155
Sophistacted 3 bedroom, 3 bath home just a stone’s throw to the ocean. Loft inspired contemporary with an open floorplan, 1.25 acres, heated gunite salt water pool and manicured landscaping. $5,495,000 WEB: 0037007
Circa 1800, 4000+/- sq. ft. three-story home on a shy acre, expanded and restored to the highest standards. Exudes old world charm with modern amenities. Oversized heated pool. $4,400,000 WEB: 0037061
DANA TROTTER 631.613.7346 | dana.trotter@sothebyshomes.com sothebyshomes.com/hamptons
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HAMPTONS
WATERFRONT ESTATE | EAST HAMPTON
LOCATION, LOCATION | EAST HAMPTON
TRUE CLASSIC | EAST HAMPTON
SOUTH OF THE HIGHWAY | EAST HAMPTON
Sunset View Bayfront with private 200ft. beach. 1.6+/- acres in the prestigious Grace Estate. 6,000+/- sq. ft. custom designed, with panoramic water views. spacious living room, formal dining room, library. master suite, three guest rooms and two bedroom guest wing. Exclusive. $6,600,000 WEB: 0044684
Elegant gated 5 bedroom traditional sited on a private 1.9+/- acres surrounded on three sides by a 50+ acre reserve. Open great room with fireplace, first floor master suite opening to a overlooking the heated saltwater pool with a natural rock waterfall. Exclusive. $1,995,000 WEB: 0045848
Ann Ciardullo 631.903.0269 | ann.ciardullo@sothebyshomes.com 40
sothebyshomes.com/hamptons
South of the highway in the heart of Georgica approached by a long circular driveway you will find this custom built contemporary framed by towering trees and sprawling green lawns. Exclusive. $4,350,000 WEB: 0046042
Coveted Georgica enclave, 6 bedroom residence exquisitely landscaped by the master gardener of the famed “Creeks.” 1.37+/- acre grounds offer an unexpected oasis blending dramatic plantings with secret shade gardens and wisteria covered pergola, 52x18 heated gunite pool. Co-Exclusive. $3,650,000 WEB: 0045728
HAMPTONS
OCEANFRONT | MONTAUK
1.5+/- acre oceanfront property rare 125 ft. setback from the bluff. Expand current residence to 4,000 sq. ft. or current building envelope could accommodate new 6,000 sq. ft. home, pool, pool house and garage. Private stairs to beach. Co-Exclusive. $9,150,000 WEB: 0045676
MODERN STATEMENT | MONTAUK
Extraordinary newly completed modern house with spectacular ocean views from first and second floors. Open floor plan, gourmet kitchen, 6 ensuite bedrooms, ocean-side heated pool, and beach access less than 100 feet. away. Exclusive. $5,995,000 WEB: 0044577
Bill Williams 917.374.2366 | bill.williams@sothebyshomes.com sothebyshomes.com/hamptons
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HAMPTONS
93 LILY POND LANE | EAST HAMPTON
Renowned estate location, close to the ocean. One-story shingled traditional on 2.8+/- acres of mature landscaping with guest house, pool, pool house. Room for 12,000+ sq. ft. new construction. Exclusive. $19,450,000 WEB: 0045094
1.5+/- ACRE PONDFRONT LOT | SAGAPONACK
South parcel presents a superb opportunity for development or investment acquisition. A private estate parcel, the well-manicured grounds face east located on a quiet cul de sac and include 200 feet of serene pond frontage. Exclusive. $6,250,000 WEB: 0045986
Frederick Butti 516.318.8637 | fred.butti@sothebyshomes.com 42
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HAMPTONS
SWEEPING LAKE VIEWS | MONTAUK
On a hillside overlooking Lake Montauk, 6 bedroom, 5 bath home is situated on 1.85+/- acres and surrounded by 7+ acres of reserve on all sides. Custom gunite pool inside, heated gunite pool outside, Water views and 3-car garage. Co-Exclusive. $4,259,000 WEB: 0045767
Patricia Wadzinski 631.871.0047 | patricia.wadzinski@sothebyshomes.com
Jennifer Wilson jennifer.wilson@sothebyshomes.com | 631.219.2771 sothebyshomes.com/hamptons
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PALM BEACH
650 ISLAND DRIVE
120 JUPITER KEY, APT 2
328 CHILEAN AVENUE
100 ROYAL PALM WAY, G4
330 COCOANUT ROW, 5D
268 JAMAICA LANE
Exquisite two-story Venetian style villa, located on prestigious Everglades Island, offers magnificent views of Lake Worth. This 7,814 sq ft home features five bedrooms, five baths, and two half baths and embodies the highest in quality craftsmanship and attention to detail. $13,800,000 WEB ID: 0075774
Steps from Worth Avenue, a brilliant new renovation with stunning details. Barrelceilinged living room features hardwood floors, elegant fireplace, lush garden views. Chef’s kitchen, 4 bedrooms and 3.5 baths. $2,200,000 WEB: 0075876
Impeccable two bedroom, 2 bath pet-friendly condo with den, bathed in light. Completely updated with gourmet kitchen, detailed millwork, marble bathrooms, impact glass and large covered balcony with wide views of Palm Beach. $1,375,000 WEB ID: 0076156
MARY BOYKIN 561.379.3767 | Mary.Boykin@sothebyshomes.com 44
sothebyshomes.com/palmbeach
Exceptionally detailed full floor oceanfront unit with the spaciousness of a home and the conveniences of a condo. Ideal for entertaining, expansive oceanfront exposures beckon in each direction plus inviting balconies abound in the gracious and exclusive Jupiter community. $3,200,000 WEB ID: 0075309
Stunning three bedroom, three bath, completely renovated corner unit at prestigious 100 Royal Palm. Wrap-around terraces and rooms filled with light showcase wide ocean and town vistas. $2,900,000 WEB: 0076041
This Malasky built home is approximately 4,916 sq. ft. with four bedrooms, five baths and a half bath. First floor master bedroom with den/sitting room, a family room with fireplace, stainless steel gourmet kitchen, pool plus loggia. $4,395,000 WEB: 0076046
CRISSY POORMAN 404.307.3315 | Crissy.Poorman@sothebyshomes.com
CAPE COD
OSTERVILLE | EXTRAORDINARY 9-ACRE ESTATE
OSTERVILLE | TWO HOME ESTATE WITH DOCK
Painstakingly renovated 1880’s-era residence, accompanied by a guest house, caretaker’s cottage and indoor pool pavilion. Set on 9 acres of privacy overlooking Nantucket Sound with deep water dock and sugar sand beach. $15,950,000 WEB: NYCS0402245. Jack Cotton, 508.957.5500
This outstanding estate consists of two lovely homes, a dock, pool and a guest house. Gorgeous views of North Bay, Osterville Marinas and the draw bridge. Recently renovated with a new outstanding master suite and bunkroom. $8,900,000 WEB: NYCS0402551. Joan Witter, 508.776.1971.
WEST FALMOUTH | PRIVATE OCEANFRONT
FALMOUTH | CONTEMPORARY MASTERPIECE
900 feet of private sandy beach and 9.5 acres of land. Set in this natural wonder is a four-bedroom home, family owned since 1955. This special location offers incomparable privacy and simplicity of beach life with immediate proximity to your own private beach. $6,500,000 WEB: NYCS0840623. John Weyand, 508.245.1908
Designed to take advantage of its location at the tip of Gunning Point, soaring glass walls sweep in unparalleled views of the coastline and Bay. The expansive Master Suite with fireplace opens onto a roof-level balcony and deeded beach rights complete this property. $3,475,000 WEB: NYCS0840676. John Weyand, 508.245.1908
HYANNIS PORT | ENTERTAINING DREAMS
OSTERVILLE | CLASSIC CAPE COD
Known affectionately as ‘Red Top,’ this wonderful cottage is situated on a hill within the Hyannis Port Civic Association and features a private, wooded back yard, seasonal water views of the harbor and a large, entertaining-sized living room. $1,350,000 WEB: NYCS0402531. Samuel Wilson, 774.487.7074
1.52 acre setting in coveted Wianno location overlooking golf course with deeded rights to West Bay. This four-bedroom residence is fully updated. Beautifully landscaped for maximum privacy. Convenient to all village ammenities and beaches. $1,350,000 WEB: NYCS0402430. Jack Cotton, 508.957.5500
sothebyshomes.com/capecod
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CALIFORNIA
HEART OF SILICON BEACH | VENICE
Beachside 5-bedroom architectural with high ceilings, an open floorplan, close to the sandy shores of the Pacific Ocean, and a 5-car garage. Roof top deck, smart house features, spectacular live/work space. $3,850,000 WEB: 0172628 | Malibu Brokerage, Michele Blackmon 310.906.5896
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CALIFORNIA
THE MENDENHALL ESTATE | TOPANGA
This estate sits on 2 legal lots comprising approx. 23 verdant acres in the Santa Monica Mountains. $18,500,000 WEB: 0172629 | Malibu Brokerage, Gracee Arthur 310.804.0708
MONUMENTAL ARCHITECTURE | MALIBU
Inspiring setting on over 14 acres surrounded by dramatic mountains, this classic Ed Niles structure is steel and glass with huge spaces and beautiful light. $9,200,000 WEB: 0022866 Beverly Hills Brokerage, Barry Sloane 310.786.1844 & Marc Silver 310.809.4656
sothebyshomes.com/socal
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CALIFORNIA
EXQUISITE VIEW ESTATE | PACIFIC PALISADES
Former home of LA celebrity athlete. Meticulously designed, with captivating views, 6 bedrooms, 8 baths, tennis court, theater, sports bar, pool/spa. Pacific Palisades Brokerage, Susan Montgomery 310.255.5441
CLASSIC GARDEN VILLA | MALIBU
Ocean view, 6-bedroom, 6.5-bath, classic garden villa on a serene cul-de-sac in gated Malibu enclave. Pool and tennis court. $5,990,000 WEB: 0172576 Malibu Brokerage, Shen Schulz 310.980.8809, Enzo Ricciardelli 310.255.5467
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LUXURY CONDO | CENTURY CITY
Serene guard-gated community, with resort-style living that is fabulously located adjacent to Beverly Hills, Fox Studios, theaters and hotels. Available fully furnished. $875,000 WEB: 0026876 Beverly Hills Brokerage, Rhonda Lewis 310.556.2000
DESIGN & PRINTING 212-661-1157
JEFF KOONS
Split-Rocker Vase Limited edition of 3500
499 Park Avenue, New York 212-371-4300
465 West 23rd Street, New York 212-255-5280 www.bernardaud.com
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The Penthouse at The Pierre Hotel $125,000,000 | WEB: 0018837
Elizabeth Lee Sample, 212.606.7685 | Brenda S. Powers, 212.606.7653 | Serena Boardman, 212.606.7611