Search Results for: Carnegie Hill

May 11, 2015

Geraldo Rivera Buys $5.6M Condo, His Second Purchase in UES Building

Despite a string of recent on-air comments that were controversial to say the least, Geraldo Rivera is still movin' on up. The news personality, along with his wife Erica, just nabbed a $5.6 million condo on the 40th floor of 45 East 89th Street according to city records released today. This is the couple's second purchase in the massive Upper East Side building; they bought a 36th floor unit for $3.4 million in 2011. Geraldo's latest acquisition is a four-bedroom, 2,500-square-foot pad with remarkable Central Park views.
Take a look around here

April 22, 2015

Crimes Against Architecture: Treasured NYC Landmarks Purposely Destroyed or Damaged

By Dana Schulz

At Monday's MCNY symposium “Redefining Preservation for the 21st Century,” starchitect Robert A.M. Stern lamented about 2 Columbus Circle and its renovation that rendered it completely unrecognizable. What Stern saw as a modernist architectural wonder, notable for its esthetics, cultural importance (it was built to challenge MoMA and the prevailing architectural style at the time), and history (the building originally served as a museum for the art collection of Huntington Hartford), others saw as a hulking grey slab. Despite the efforts of Stern and others to have the building landmarked, it was ultimately altered completely. This story is not unique; there are plenty of worthy historic buildings in New York City that have been heavily changed, let to fall into disrepair, or altogether demolished. And in many of these cases, the general public realized their significance only after they were destroyed. In honor of the 50th anniversary of the NYC landmarks law, we've rounded up some of the most cringe-worthy crimes committed against architecture.
Check out our list right here

April 9, 2015

East Harlem: From Manhattan’s First Little Italy to El Barrio to a Neighborhood on the Cusp of Gentrification

By Dana Schulz

A lot of attention is paid to West Harlem, or what many people traditionally consider THE Harlem, thanks to its rich history rooted in places like the Apollo and up-and-coming hot spots like the Studio Museum in Harlem and Marcus Samuelson's renowned restaurant, the Red Rooster. But east of Fifth Avenue, there's a history just as deep, and the neighborhood is at that fragile stage where it could easily be thrust into a wave of gentrification at any time. Defined as the area bound by Fifth Avenue and First Avenue from 96th to 125th Streets, East Harlem is commonly known as Spanish Harlem, or El Barrio by locals. What many people unfamiliar with the neighborhood don't know, though, is that this area got its start as Manhattan's first Little Italy. And if you're the type of New Yorker who doesn't venture above 86th Street, you're likely unaware of the slew of new developments sprouting up in East Harlem thanks to a 2003 57-block rezoning.
Learn about the neighborhood's transformation here

April 9, 2015

Real Estate Legend and ‘Shark Tank’ Star Barbara Corcoran Buys $10M UES Penthouse

By Annie Doge

Barbara Corcoran, founder of the Corcoran Group and investor on the popular television show "Shark Tank," has snatched up a fittingly glamorous Upper East Side penthouse for $10 million with her husband, former FBI agent William Higgins, according to a report yesterday by the Post and city records released today. When we ogled the listing at back in October, the 11-room duplex at 1158 Fifth Avenue had just dropped its price to $9.95 million, having originally gone on the market in 2013 for $14.5 million. The sellers are interior and landscape designer Pamela Scurry and her husband Richard. Though the home is currently filled with antique furnishings and old-world details, the real selling point was likely the massive terrace, conservatory, and solarium overlooking Central Park.
Take a look around the stunning home here

March 26, 2015

Woody Johnson’s Co-op Sale Still Sets Record, but Comes In Lower Than Expected at $77.5M

By Dana Schulz

The real estate world was abuzz last fall when the news hit that Jets owner Woody Johnson had sold his Upper East Side apartment to billionaire Leonard Blavatnik for $80 million, setting the record for most expensive co-op sale ever. The official city documents have hit, though, and the sale price came in lower than expected at $77.5 million. But […]

Real Estate Trends

March 2, 2015

Record $150M Sony Building Penthouse Will Also Be the City’s Biggest

By Annie Doge

Those who found themselves gobsmacked when news broke that the Sony building’s penthouse would be priced at $150 million, look out, here’s another jaw-dropping fact headed your way. TRD has reported that not only will the unit be the priciest in history if sold, but when complete, it will also hold the title of the city’s largest. At […]

Distinctive Homes

As Younger Renters Move to the UES, Trendy Commercial Tenants Follow

Say goodbye to afternoon tea and hello to happy hour, via roboppy via photopin cc

January 27, 2015

As Younger Renters Move to the UES, Trendy Commercial Tenants Follow

By Dana Schulz

You don't have to tell us twice that the Upper East Side is trading its reputation as a stodgy, ladies-who-lunch spot for a younger, more hip vibe. Not only do we think it's a hidden hot spot for artists, but we recently profiled the unofficial "new" Upper East Side, the high 80s and 90s, clustered between Park and 1st Avenues. And let's not forget how the Second Avenue subway is already shaking things up. But with a new generation of Upper East Siders gobbling up the surprisingly affordable real estate offerings, it's no surprise that trendy commercial spots are also getting in on the action. Small, local shops and restaurants create little communities that you might expect to find in brownstone Brooklyn, and larger, big-name businesses like Warby Parker and Whole Foods promise to make it a neighborhood to rival Union Square or Chelsea.
More on the real estate trend ahead

December 4, 2014

Walk This Way: How Observant Jews Shop for Real Estate with the Torah in Mind

By Lauren Price

Certain neighborhoods are becoming increasingly sought after by observant Jews—but in keeping with what is written in the Torah, apartment hunting can be a formidable undertaking. Observant Jews not only have to deal with New York City’s low vacancy rate but they need to find a home that, most importantly, is within walking distance to shul (synagogue) from sundown on Friday to sundown on Saturday and some Jewish holidays—owing to the fact that Sabbath obligations, of which there are a lot, do not allow one to drive a car. It goes against what’s written in the Torah to start or extinguish fires during the Sabbath, and, well, cars burn fuel. And by the way, this also means cooking only one, single, solitary item.
Find out more here

November 7, 2014

Debra Messing Buys $5.5M Upper East Side Apartment

By Annie Doge

Her famous Will & Grace character may have lived on the Upper West Side, but Debra Messing is crossing the park for a new home at 3 East 84th Street. According to city records filed today, the actress purchased a $5.45 million co-op at the building. The four-bedroom unit is just a half block from Central Park and boasts 10-foot ceilings, a wood-burning fireplace, Juliette balcony, and charming country kitchen.
Check out Messing's new digs here

October 21, 2014

It’s Official: Jets Owner Woody Johnson Sells Fifth Avenue Co-op for a Record Setting $80M

By Dana Schulz

In addition to holding the record for highest purchase of a sports team in New York (he bought the Jets in 2000 for a whopping $635 million), Johnson & Johnson heir Woody Johnson now also holds the title for most expensive co-op ever sold in the city. His 11th/12th floor duplex at 834 Fifth Avenue has been […]

October 9, 2014

Fifth Avenue Penthouse with Conservatory and Solarium Reduces Price to $10M

By Aisha Carter

The penthouse at 1158 Fifth Avenue has just undergone yet another price chop nearly a year and a half after entering the market. The distinctive pad, initially listed for $17 million, has now made its way down to $9.95 million. Translation: someone is going to get a great deal on this Museum Mile penthouse with a lush terrace and a conservatory. The home’s antique furnishings and old-world details, compliments of its interior and landscape designer owner Pamela Scurry and her husband Richard, are admittedly specific although fitting in theme. Right now the many pieces and varying prints seem to compete with the architecture. Perhaps removing half the clutter would mitigate the distraction and bring out more of the home’s true beauty. However, whether you appreciate the décor or feel it needs to be significantly pared down, you won’t be able to deny this home is a rare and exquisite find.
See what's inside, here

Distinctive Homes

October 2, 2014

Living in the Clouds: 50 New York Residential Towers Poised to Scrape the Sky (Part I)

By Ondel Hylton

It seems like every week a new residential skyscraper is being announced in New York City, just earlier this week the New York Times noted that a partnership between Steven Witkoff and Harry Macklowe is moving ahead with a redevelopment of the Park Lane Hotel at 36 Central Park West with an 850-foot tower. With the mind-boggling amount of residential spires poised to pierce the sky, here's a quick rundown of the tallest of the tall--the spindly bunch set to soar higher than 700 feet. Keep in mind that just 30 years ago, the tallest residence in the city was perched atop the 664-foot Trump Tower. Today, buildings are on the drawing board for more than twice that height.
See our list of the 26 tallest towers

September 22, 2014

Real Estate Wire: 15 CPW Pad Sells for 3x’s Its Purchase Price; Atlantic Yards Modular Tower Could Leak

By Diane Pham

A tower unit at 15 Central Park West has sold for nearly $10M, about three times what the owner paid for it. [NYO] The Astoria Cove housing development is required to set aside 20% of its 1,700 units for lower-income residents, but the city may push for as many as 30%. [Crain’s] The Fiscal Policy Institute […]

Real Estate Trends

September 10, 2014

Real Estate Wire: $13M for Bed-Stuy’s Tallest Apartment Building; Aby Rosen is Creating His Own Mansion

By Diane Pham

A ‘seven-star hotel’ will rise on the former site of the Rizzoli Bookstore near Central Park. [WSJ] Aby Rosen wants to turn an 11-unit co-op at 1025 Park Avenue into his personal 19,000-square-foot mansion. [NYDN] Owners of a 13-story, 23-apartment rental at 11 Spencer Court in Bed-Stuy are looking to make $13 million sale—50% more than […]

Real Estate Trends

September 8, 2014

Cliffs Notes on New York’s Most Famous Storied Residential Buildings

By Lauren Price

The newest apartment houses, be it now or some 150 years ago has always been of great interest to New York buyers and renters. And like today, their appeal make sell-outs as easy as pie. From Manhattan's very first apartment building to those that followed a decade or so later, those initial projects continue to remain the city's most coveted digs—not to mention the city’s most expensive. But what stands out among these famous buildings as the years passed was the introduction of not-yet-available services—ranging from running water and elevators to electricity and communal amenities. Whether we are talking about the Dakota or the luxurious the Osborne Flats, learn why these century-plus-old buildings continue to enchant the rich, the famous, and the rest of us.
Click here for Cliffs Notes on NYC's most historic homes

September 8, 2014

Real Estate Wire: David Sanborn Sells Finally Sells His Townhouse; Philip House Penthouses for Sale

By Diane Pham

Inside the Park Slope condos giving away a Tesla with every purchase. [Curbed] Forest City Ratner slaps Skanska USA with a second lawsuit over the B2 modular tower. [TRD] The Philip House, located at 141 East 88th Street, has added ten new residences for sale, including four penthouses. [Philip House Residences] After several years of […]

Real Estate Trends

September 4, 2014

Penthouse Perfection: Peeking into Manhattan’s Top Sky-High Listings

By Dana Schulz

The penthouse craze began in the early 20th century thanks to media tycoon William Randolph Hearst. He took up residence in a three-floor apartment at the Clarendon at 137 Riverside Drive and, when his landlord refused to let him expand further, Hearst bought the entire building, adding two new floors to the top of his mansion, crowned by a new copper mansard roof. Now, 100 years later, the rich and famous are still making headlines with their pricey penthouse purchases. Fellow media mogul Rupert Murdoch recently purchased a $57.25 million triplex penthouse, along with an additional full-floor unit (because why stop at just three?) at One Madison. His bachelor pad totals more than 10,000 square feet of interior space, wrapped in floor-to-ceiling glass. Is this the new standard for penthouse living? We're taking a look at some of the top sky-high listings in Manhattan to find out.
Don't miss these incredible penthouse stunners

August 26, 2014

Everything Old Is New Again: The Rise, Fall, and Eventual Rise Again of Co-Op Living

By Lauren Price

The Rembrandt at 152 West 57th Street between Sixth and Seventh Avenues was built as Manhattan’s first co-op in 1881. Apartment ownership was already in fashion across the pond, particularly in France and Britain, but the concept of a resident-owned building was still an unknown to most of us. Developed by a syndicate led by Jared B. Flagg, a clergyman with an avid interest in real estate, and built by the notable architectural firm of Hubert & Pirsson, the group had come to the conclusion that potential buyers would be drawn to a building where they would have control over expenses. For instance, buying coal and ice in bulk in order to keep prices down, and hiring a full-time communal staff to take care of the owners’ laundry, cooking and the running the elevators. Built as a brick and brownstone building with terra-cotta trim and jerkin-head gable windows at the top, the unit mix—a result of an interlocking system of staggered floor heights to allow for very tall art studio spaces—included a few duplex apartments with as many as 12 rooms. Original brochure prices reportedly ranged between $4,000 and $5,000, with monthly maintenance as low as $50. Confident in the ultimate success of co-operative living, Mr. Flagg with Hubert & Pirsson continued to develop another six co-op projects that very same year.
The history of co-ops and their rise, fall, and rise again into popularity

August 13, 2014

Curb Appeal: The Psychology of Moving Buyers from Cab to Curb to Contract

By Lauren Price

Great neighborhood? Check. Great apartment? Check. Curb appeal? Killer first impressions can be long lasting — and whether it’s a newly advertised flavor of Ben & Jerry’s, an ad for Tory Burch’s latest shoe collection —or finding new digs, “love at first sight” spot-on marketing moments play a sizeable role in how we make our decisions. Industry experts note that a large percentage of a house hunter's decision to explore a property further than the curb is based the project’s “wow” factor. Truth is, it sets the “perception” stage of what’s to come beyond a grand entrance or swanky lobby that was designed to provide a sense of arrival and belonging. Obviously, at the end of the day, a building’s outside will only persuade potential buyers to see more, and first impressions can vary from one individual to the next, but the “I was meant to live here” moment is fairly universal.
How a building's design tugs at your desire to 'be someone'

May 29, 2014

Fifth Avenue Apartment with Views of the Met Changes Hands from One Financial Pro to Another

By Dana Schulz

Crunching numbers all day as one of the leading financial advisors at USB can't be an easy task, so it makes perfect sense why Louise F. Gunderson chose to make this tranquil, inviting apartment her new home. The crystal-clear views of the Metropolitan Museum of Art and Central Park Reservoir probably don't hurt either. Ms. Gunderson purchased a unit at 1035 Fifth Avenue for $4.75 million through a listing held by Lisa K. Lippman and Scott Moore at Brown Harris Stevens. The seller, Sylvan Schefler, head of the Investment Banking Department at Drexel Burnham Lambert Inc., likely had the same idea when he acquired the co-op in 1999. The large single-pane tilt and turn windows of this 2BR/3BA home let in tons of natural light and perfectly frame the uniquely Upper East Side views. High ceilings and hardwood flooring throughout are two of the lovely prewar details, while updated touches like custom built-in shelving and charming window seats create a modern, urban feel.
More on the apartment right this way

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