Archive for the ‘Apartments New York’ Category

MINT CORNER ONE BEDROOM WITH MARBLE BATH and BALCONY FOR SALE IN UPPER EAST SIDE

September 7th, 2010    Posted in Apartments New York, New York Apartments, New York Apartments For Sale, New York Properties, New York Sales
 

WebID 28970

Spectacular, sunflooded beautiful  corner one bedroom with one marble bathroom. A fabulous residence  with western and northern exposures .Apartment features  entry foyer, spacious living room and dining area with flexible lay out. Also a large balcony, wall to wall windows, beautiful wood floors, lovely airy california  kitchen,  great closets, marble bathroom with jacuzzi tub. This apartment is in the Hampton House which is a full service building with health club, pool, roof deck and garage. Short distance to Central Park and Carl Schurz Park, and close to all transportation and restaurants. Don't miss seeing this!!

Hampton house
404 E 79th St, New York, NY 10075, USA
Upper East Side

  • Dishwasher
  • Central A/C

Foroogh Zarinehbaf
tel: 646-443-3736
mobile: 917-686-4687
forooghz@nestseekers.com


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Stunning One Bedroom

September 7th, 2010    Posted in Apartments New York, New York Apartments, New York Apartments For Sale, New York Properties, New York Sales
 

WebID 29332

Step inside this striking one bedroom and you will immediately appreciate the attention to details evident throughout the home. The windowed chef's kitchen features top of the line stainless steel appliances including a DeLonghi Commercial Style chefs oven. The 2" marble counter tops surround the open work space complete with custom cabinets and pantry.

The bright and cheerful living room offers southern and western exposures with views of the Empire State Building as well as the gold domes of the New York Life Insurance building and the Metropolitan Life building. The bedroom with it's open western exposures offers similar views as well as custom closets and built in's. The maintenance is 56% tax deductible. There is an assessment in place of $183.54 which will run through December 2010.

Only a few blocks from Madison Square Park, the neighborhood features such restaurants as the Iliily, Blue Smoke, Inoteca, Campanile, Artisanal, and the Shake Shack. Your guests can stay around the corner at the new boutique Mave Hotel at 27th&Madison. Convenient to all major transportation just a few blocks to the #6 train and a short walk to the N,R W.

160 E 27th St. New York, NY 10010
Gramercy

  • Dishwasher
  • Hardwood Floors
  • A/C units

Philip Feiner
tel: 646.443.3721
mobile: 212-495-9927
philipf@nestseekers.com


Carol Friedman
tel: 646-443-3743
mobile: 917-287-2308
carolf@nestseekers.com


No Comments

The View at Long Island City New Developments

September 7th, 2010    Posted in Apartments New York, Queens Apartments, Queens Real Estate
 

WebID 24503


A PLACE FOR A NEW GENERATION

Designed for Visionaries. Escape to Home in a Welcoming Sanctuary of High Style and Design. A Pioneering Reinvention of Smart New York Living. Feel the Energy of Long Island City, The Vibrant Frontier of Art and Style. Enjoy Instant Access to the Heartbeat of Manhattan Life - A New York Minute and One Spectacular VIEW Away.



THE BUILDING

Designed by the Award-Winning Firm, Handel Architects, The VIEW Condominium Takes Full Advantage of The Light and Views, Reflecting Taste and Style in Each Carefully Considered Detail. The Security and Convenience of a 24 HR. Doorman and Concierge, Plus an On-Site Valet.



COME HOME TO A DEPARTURE

Residences of Refined Taste and Style. Soaring Ceiling Heights. Floor-to-Ceiling Windows. Gourmet-Ready Kitchens and Elegantly Fixtured Baths. Most Units with Balconies, Terraces or Gardens.



DETAILS

Each Residence Takes Full Advantage of The Light and Views. Most Residences Features Balconies, Terraces or Gardens.

Featuring Gourmet-Ready Kitchens with Stoves by Viking and Refrigerators by Subzero.

Elegantly Fixtured Baths be Grohe and kohler. Quality and Tastes. A Pleasure to See and Use.



THE PARK

Relax and Enjoy the Beauty Landscaped Park by the River. Jog or Bike Along the Serene Riverfront Promenade and Admire the Revitalized Waterfront Complete with Saltair and Seagulls. It's the Best of Both Worlds. The Grass is Always Greener at The VIEW.



NEIGHBORHOOD

It's All Here. Top Museums, Art Galleries, Stylish Cafes, Chic Restaurants, Cool Boutiques, Inviting Parks, Greengrocers, and a New 20,000 SQ. FT. Gourmet Market. Long Island City is at The Forefront of Art and Creativity. A Perfect Place to Stroll, Shop, Dine, Explore, Play, Flirt, Chill, Dream, and a Single Subway Stop from The Heart of Manhattan.

The View Condominium
4630 Center Blvd
Long Island City


    Silvette Julian
    tel: 646 443 3741
    mobile: 917.846.3942
    silvettej@nestseekers.com


    Christian Gonzalez
    tel: 212.252.8772 ext 750
    mobile: 917.903.3356
    chris@nestseekers.com


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    The Sage House Condominiums, 112-02 Northern Boulevard Queens, One Bedroom – Apt: 2A

    September 7th, 2010    Posted in Apartments New York, Queens Apartments, Queens Real Estate
     

    WebID 23201

    The Sage House Condominiums is a Luxurious ground up development built on a strategic corner lot facing Flushing Marina Waterfront.

    Living at the Sage House is an experience that includes state of the art fitness center, playroom, underground parking, exceptional finishes, zen garden, gorgeous views, roof deck and much more. The Apartment offers spacious layouts, white marble bathrooms, ice white quartz counter tops, stainless steel appliances, custom kitchen "Cabinetries", bamboo floors, zebra wood vanities, 421 tax abatement 15 years.

    Considered to be one of the most exciting neighborhoods in the tri-state area the Sage House is surrounded by Corona Park outdoors, Queens botanical garden, on the crossroads of 5 major highways, kissena park, Flushing Meadows, Willets point, Flushing library, Flushing pool marina, US Open - tennis courts, Citi Field-The Mets Stadium, Main Street Shopping, fusion of culture and resources, exotics foods and fine imports, walk to train and 20 minutes from Grand Central.

    Contact us today and discover the advantages of living at the Sage House.



    www.SageHouseCondo.com

    The Sage House Condominium
    112-02 Northen Boulevard
    Flushing


      Andy Kim
      tel: 646-443-3795
      mobile: 917-270-0135
      AndyK@nestseekers.com


      Adrian Lupu
      tel: 917-749-3113
      AdrianL@nestseekers.com


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      PLATINUM New York City

      September 6th, 2010    Posted in Apartments New York, Manhattan New Developments, New York Apartments, New York Homes, New York New Developments
       

      WebID 23737

      Platinum New York City, A stunning New Development in Midtown West Manhattan, Platinum Condo New York City.

      PRICING FROM $1,200,000 UP TO $2,700,000.
      ALL REASONABLE OFFERS WILL BE CONSIDERED.
      80% SOLD.
      WINNER OF BEST NEW DEVELOPMENT 2008

      Jessica Campbell is a broker specialist for Platinum and will happily assist you in making Platinum your future home or superb investment.

      Offering an ultra luxurious and sensational 43-story Condominium Tower blending glass, steel and pure cutting edge residences, five-star life style amenities and spectacular city views.

      Stunning one and two bedroom homes available priced from $1,200,000 up to $2,700,00 from 750Sf to 1450 Sf, all with spectacular floor to ceiling windows, city or river views or both, all exude the epitome of modern luxury and high style. Kitchens are finished in tempered glass upper cabinetry and dark stained oak lower cabinetry, custom Watermark accessories, pure Quartzite counter tops and and dark lava stone back splash.


      The master baths are completed in Ataija Blue and Lagos Azul Limestone walls and free standing Neptune soaking tub creating a dramatic and intimate atmosphere.

      All two bedroom layouts have two and half baths.
      All one bedroom homes have one and half baths except for 1 line.


      Apartment Details Include:
      *10'3 foot ceiling heights, some floors have exceptional 11'6 foot ceiling heights
      *Thermador Stainless Steel Appliances
      *Marvel Chateau 24 bottle Wine Cooler
      *European quarter-sawed White oak floors
      *Built-in microwave
      *Garbage disposal
      *Floor-to-Ceiling windows



      Building services
      * 24/7 Doorman&Concierge
      * Key FOB access security
      * Valet
      * Laundry services
      * Bicycle storage room
      * Additional storage available
      * Cold storage for deliveries
      * In building parking garage
      * Exceptional 24~7 White Glove Service

      Building essentials
      * Stylish lounge with billiards
      * Public terrace
      * Spa lounge
      * Recovery zone
      * Fitness center
      * Golf simulator
      * Yoga studio
      * Experiential shower
      * Social sauna
      * Treatment room
      * M-F breakfast
      * Juice bar, coffee bar and tea bar 7 days a week

      By appointment only.
      For all availabilities, please do not hesitate in calling.

      Platinum Condo West 46th Street New York, NY. Manhattan Midtown West.
      Amenities

      * Dining Room
      * Washer/Dryer
      * Water view
      * Central A/C .

      PLATINUM New York City
      247 West 46th Platinum New York City
      Midtown West

      • Washer/Dryer
      • Central A/C

      Jessica C. Campbell
      tel: 917.621.7815
      mobile: 917.621.7815
      jessicac@nestseekers.com


      No Comments

      The Caledonia on the Highline Park West Chelsea One BR w Dramatic River & City Views

      September 6th, 2010    Posted in Apartments New York, Manhattan New Developments, New York Apartments, New York Homes, New York New Developments
       

      WebID 24748

      Sitting in Manhattan's most desirable enclave on the nexus of West Chelsea and the Meatpacking District, the Caledonia is a sexy luxury residence perched on the Highline Park, standing alone with direct access.

      It is steps from the Hudson River and its Park and Chelsea Piers, Andre Balaz's The Standard Hotel, The Standard Grill, Jeffery's Department store, The new Apple Store, Pastise, Gansevoort Hotel and lives in the heart of a dynamic neighborhood that pulses with the energy of galleries and artists, restaurants and clubs, boutiques and markets.

      Developed by industry leaders, The Related group and Taconic Partners, the Caledonia invites you to experience an unrivaled level of services and amenities, including a fully integrated Equinox Spa and Fitness Club, the rooftop entertainment lounge, multiple landscaped sun terraces with outdoor bar, dining terrace and kitchen appropriate for catering, a bamboo meditation garden and the very zen lobby's stone reflecting pool with cascading water .
      This full service residence has a concierge, 24h attended indoor parking, state-of-the-art wireless business center, children's playroom, pet spa, storage and bike room., secured elevator access and coded apartment key.

      From its' floor-to-ceiling windows, this high-floor unit offers dramatic sunsets and breathtaking river and city views which only get better at night.
      This is the best one bedroom line in the building boasting an efficient floorplan with an open Great Room layout,a
      dining corner and a spacious open kitchen with Quartzite counter. It is well equipped with Subzero fridge, Viking oven, Miele dishwasher and Washer/Dryer. This gem also boasts a generous bedroom, ample closets and bamboo floors.

      And of course, the best part is the 421A tax abatement which keeps your monthly charges very low, making this an ideal pied-a-terre or investor unit.

      Please call for a private showing.

      Eric Poullain 917-535-4024
      NestSeekers Int.


      Other known recent developments in the area are Frank Gheary design IAC headquarters, 100 Eleventh Avenue's Jean Nouvel.

      The Caledonia Condominium West Chelsea
      450 West 17th Street
      Chelsea

      • Water view
      • Washer/Dryer
      • Central A/C

      Eric Poullain
      tel: 917-535-4024
      mobile: 917-535-4024
      ericp@nestseekers.com


      No Comments

      PRICED TO SELL! TRUMP PARC CONDO 1B/1.5 BATH

      September 6th, 2010    Posted in Apartments New York, Manhattan New Developments, New York Apartments, New York Homes, New York New Developments
       

      WebID 19958



      MAJOR PRICE REDUCTION!!

      www.nestseekers.com/19958

      Central Park South....Trump Parc is located in the middle of the most prestigious address in New York City. And now it is on sale! With Time Warner Center in Columbus Circle to your left as you walk out your front door,Fifth Avenue shopping and The Plaza to your right, and of course, Central Park right in front of you, you really have it all and have truly arrived!

      This bright,sunny exceptional one bedroom, one and a half marble bath home with 9 foot ceilings and Crown moldings, offers both city and coveted, clear Central Park views. From ALL rooms,along with views of Fifth Avenue Buildings and beyond above the Park from its oversized windows that run the length of the living room.

      This White Glove, pre-war building has a full time Doorman and a Concierge, Security Guard and Porters and onsite Building Manager. There is a washer/dryer in the apartment and a laundry room in the building. Or call the Concierge for maid and valet service! Garage and Bicycle storage is available as well.

      *** This is a great pied-a-terre, investment property, or your own little oasis in the city to come home to each day! A sunny one bedroom Condo on CPS with 1.5 baths and clear Park and City views can only appreciate in value. After all, one cannot build anymore Central Park South!***

      A short jaunt to the theatre district is behind you. Taxi, bus and train transportation close by.Or would you like a carriage ride in Central Park? Just step out the door!

      Call for an appointment to view this rare opportunity to own on Central Park South and see Central Park right outside your window.... Every single day.




      Trump Parc
      106 Central Park South
      Midtown West

      • Washer/Dryer
      • Sublet
      • Live/Work
      • Central A/C

      Yvonne Carella
      tel: 646-443-3783
      mobile: 917-494-5752
      yvonnec@nestseekers.com


      No Comments

      20 PINE STREET CONDO SALE

      September 6th, 2010    Posted in Apartments New York, Manhattan New Developments, New York Apartments, New York Homes, New York New Developments
       

      WebID 29328

      20 Pine, THE COLLECTION designed by Armani/Casa is all about value value value and very nice homes to boot.  The homes exude 
      clean lines, soft light, with 10 foot beamed ceilings, integrated sleek kitchens and some lucky owners have private terraces overlooking our fantastic city skies.   Amenities include 24-hour doorman, terrace lounge, library lounge, up-to the minute indoor and outdoor health club, spa and club facilities, golf simulation room and pool pavilion. All residences above the 25th floor are part of the Collection Club with complimentary concierge service from Quintessentially, boasting to be the most elite concierge service in the world.  There are about 50 active sales priced from 685K to 3.85M with an average price per square foot of $1100 with reasonable room to negotiate, making 20 PINE a very very sweet buy.  

      The Financial District, the renowned Financial Capital of the world, AKA Wall Street is now inexplicably
       home to an unparalleled level of luxury residential living in Manhattan making this neighborhood a prime and distinctive investment opportunity now and far into the future.

      Not so far in our recent past, lower Manhattan primarily housed tired commercial properties where the financial movers and shakers made greenback from 8-4 and Wall Street all but shut down completely after hours.  Happy tourist snapped photos of the gorgeous New York Stock Exchange building, walking along pedestrian cobble stone roads and marveled at the amazing architecture on every corner, every turn of every hidden little alley and street.  Today, this neighborhood is still visited daily for it's incredible history and beauty but after several years of revitalization via conversion from Commercial to Residential properties and complete ground up construction and enticing tax abatements, a predominant air of change is marvelously obvious and waiting to be embraced and consumed. 

      From the most exclusive International retailers like HERMES, TIFFANY and CANALI to renowned restaurants like CIPRIANI, SHO and BOBBY VAN'S, to the rich, the not so rich, the famous, the not so famous, the dreamers, artist, and all the little families who saw vast and unending opportunity, The Financial District is home sweet home.  And believe me first hand, it is very very sweet. 

      Why so sweet?  The following buildings are my picks and favorite Condominiums in Financial District, each one offering the lap of luxury, contemporary conveniences, amazing amenities, charm and unending value.  

      20 Pine St New York, NY 10005, Financial District Real Estate, 20 Pine Condominium, Armani Casa
      20 Pine St, New York, NY 10005, USA
      Financial District

      • Dishwasher
      • Pool
      • Central A/C
      • Investment Property
      • Garbage Disposal
      • Hardwood Floors
      • Loft
      • Terrace
      • Dining Room
      • Live/Work
      • Washer/Dryer

      Jessica C. Campbell
      tel: 917.621.7815
      mobile: 917.621.7815
      jessicac@nestseekers.com


      No Comments

      The FHA’s ‘Short Refinance’ Program: Frequently Asked Questions

      September 6th, 2010    Posted in Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, New York Sales
       
      Here are some answers to the most frequently asked questions about the FHA's 'Short Refinance' program.


      No Comments

      The Sage House Condominiums, 112-02 Northern Boulevard Queens, Two Bedroom – Apt: 2G

      September 6th, 2010    Posted in Apartments New York, Queens Apartments, Queens Real Estate
       

      WebID 23227

      The Sage House Condominiums is a Luxurious ground up development built on a strategic corner lot facing Flushing Marina Waterfront.

      Living at the Sage House is an experience that includes state of the art fitness center, playroom, underground parking, exceptional finishes, zen garden, gorgeous views, roof deck and much more. The Apartment offers spacious layouts, white marble bathrooms, ice white quartz counter tops, stainless steel appliances, custom kitchen "Cabinetries", bamboo floors, zebra wood vanities, 421 tax abatement 15 years.

      Considered to be one of the most exciting neighborhoods in the tri-state area the Sage House is surrounded by Corona Park outdoors, Queens botanical garden, on the crossroads of 5 major highways, kissena park, Flushing Meadows, Willets point, Flushing library, Flushing pool marina, US Open - tennis courts, Citi Field-The Mets Stadium, Main Street Shopping, fusion of culture and resources, exotics foods and fine imports, walk to train and 20 minutes from Grand Central.

      Contact us today and discover the advantages of living at the Sage House.


      www.SageHouseCondo.com

      The Sage House Condominium
      112-02
      Flushing


        Andy Kim
        tel: 646-443-3795
        mobile: 917-270-0135
        AndyK@nestseekers.com


        Adrian Lupu
        tel: 917-749-3113
        AdrianL@nestseekers.com


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        J.P. Morgan’s Dimon Slashes Home Price

        September 4th, 2010    Posted in Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, New York Sales
         
        In what might be labeled a fire sale, J.P. Morgan CEO Jamie Dimon has chopped the asking price for his Chicago home by more than 25%.


        No Comments

        The Real Deal on hiatus

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        alternate text

        The Real Deal will be off Monday in observance of Labor Day and will return Tuesday. Enjoy the holiday weekend and as always, if you have a tip, e-mail news@therealdeal.com. TRD


        No Comments

        Sunstone’s Deal for Big San Diego Hotel Scuttled

        September 3rd, 2010    Posted in Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, New York Sales
         
        All isn’t sunny in San Diego. Developer Doug “Papa Doug” Manchester’s deal to sell the Manchester Grand Hyatt convention center hotel in San Diego to Sunstone Hotel Investors Inc. is off.


        No Comments

        Top sales agents of the week

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        The Real Deal has ranked the top listing agents of the week based on the highest priced residential deals filed with the city.


        Top agents, from left: Cathy Franklin, Alexis Bodenheimer, Haidee Granger, Andrew Phillips, Amelia Gewirtz, Cathy Taub, Rosette Arons, Patrick Lilly and Helen Strilec Schatiloff



        Footnotes: Data is for closed deals filed with the city this week through Thursday. The chart only includes sellers' brokers, because buyers' brokers' names are not available in city data or listings. The data does not include deals in contract. To obtain broker information, listing information was compared with sales records filed with the city. Only deals where an individual broker and address can be identified are included. As a result, private sales, listings where an address has not been provided and new development sales by a sales center are not included. Sources: Streeteasy.com and The Real Deal.


        No Comments

        Laureate exudes sense of serene competence

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        alternate text
        The Laureate at 2150 Broadway
        Incrementally, though not without a few false steps, the Upper West Side is getting better. Some of its more recent developments, like the Corner at 200 West 72nd Street, have done the area no favors, but the general trend is one of improvement. What with 15 Central Park West -- which is as much about Broadway as about Central Park West -- the reborn Lincoln Center and the new Apple store on Broadway and 68th Street, among others, the place is looking increasingly lustrous and expensive. For those of us who grew up here in the 1970s, before such a transformation was even dreamed of, the change is astounding. One of the more charming adornments of Upper Broadway is the nearly completed Laureate, at 2150 Broadway and 76th Street. For years, if not for more than a century, this corner space was occupied by two very different, very low-lying buildings, united by nothing more than the fact that they were so drably generic. [more]


        No Comments

        NYC charter commission steers clear of land use hot spots

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        Six months after being formed, the city Charter Revision Commission issued its final report yesterday, declining to make any recommendations on the three thorniest land use issues before it. The 15-member panel appointed by Mayor Michael Bloomberg heard from deeply divided interest groups such as the Real Estate Board of New York and Pratt Center for Community Development, but said certain issues were too complex to tackle in the brief period allotted to them. The commission acknowledged the deep divide on those issues, such as a proposal from community advocates and elected officials to increase the influence of community boards and borough board presidents within the ULURP process. The commission declined to make any changes. [more]


        No Comments

        Harlem residents protest charter school … and more

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        1. Bedbugs discovered at Google’s Chelsea headquarters [NYO]
        2. “Law and Order” star Mariska Hargitay buys $7.34 million Hamptons property [Real Estalker] 
        3. Billy Joel lowers price for Sagaponack home, now asking $19.9 million [Newsday] 
        4. Downtown’s Flea Theater artist space to launch capital campaign for relocation [Crain’s] 
        5. St. Nicholas House residents in Harlem petition against new charter school [NYDN] 
        6. $5.2 million unit closes at the Devonshire pre-war condo conversion in Central Village [Curbed] 
        7. Harlem Tavern bar to replace auto shop on 116th Street and Frederick Douglass Boulevard [Crain’s] 
        8. Williamsburg’s 777 Driggs moving toward completion [Brownstoner]  
        9. Why are there no skyscrapers in Manhattan loft buildings? [Real Town] 


        No Comments

        Alexico hit with $197M suit at Flatotel

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         

        Simon Elias (left), Flatotel at 135 West 52nd Street and Izak Senbahar

        Alexico Group is facing a $196.7 million lawsuit at the Flatotel, after Atlas Capital accused the developer of defaulting on the property’s mortgage loans. According to the suit, filed in New York State Supreme Court yesterday, Alexico borrowed $158 million from Anglo Irish Bank in January 2008 to develop the property, located at 135 West 52nd Street. But the developer allegedly failed to make three consecutive interest payments on the loan starting in January 2009 and was notified of the default in April 2009. The complaint alleges the developer then failed to make additional monthly interest payments between April 2009 and July 2010, leading the lenders to accelerate the payments due and call in the entire loan. [more]


        No Comments

        SL Green to gain $66M from 510 Madison

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        SL Green Realty is expected to gain $66 million profit on the sale of 510 Madison Avenue, according to a report from FBR Capital Markets cited by Nasdaq. The real estate investment trust owned $280.5 million of senior and mezzanine debt on the property that was paid in full when Boston Properties acquired the building from Macklowe Properties last month. Boston Properties paid about $316 million, or about $904 per square foot, for the vacant Midtown property. [more]


        No Comments

        BlackRock to assess industry’s CMBS losses

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        Investment management firm BlackRock was hired by state insurance regulators to evaluate the industry’s potential losses from holding commercial mortgage-backed securities, Bloomberg news reported. By the end of the year, BlackRock will review more than 7,000 securities, the National Association of Insurance Commissioners said yesterday in a statement. The New York-based firm will calculate loss expectations for the holdings, which will determine how much capital insurers must hold to cushion potential declines, NAIC said. [more]


        No Comments

        Two Trees to buy building from Moinian

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        David and Jed Walentas, the father-and-son real estate team that heads Two Trees Management, are in contract to buy a $129.5 million Chelsea office building from Joseph Moinian’s the Moinian Group, the Observer reported. In an off-market deal, the company gave a hard deposit last Friday for the 340,000-square-foot loft building at 50 West 23rd Street, next to Home Depot. The acquisition is scheduled to close within the month. [more]


        No Comments

        A Grain of Salt on Thursday’s Pending Sales Report

        September 3rd, 2010    Posted in Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, New York Sales
         
        Economist David Rosenberg urged a note of caution when reading Thursday's positive pending home sales report.


        No Comments

        Stalled Williamsburg project gets new start

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        A stalled waterfront project at 11 Broadway in South Williamsburg is being revived by L+M Development Partners and Goldman Sachs Urban Investment Group, with both parties closing this week on financing for the mixed-use development site, Crain’s reported. The project will include 134,000 square feet of residential space, 27,000 square feet of retail and commercial space, plus 29,000 square feet underground for parking. Construction on the proposed $70 million development is expected to begin at the end of the month with a projected completion date of 2012. [more]


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        “Like the postman,” Hamptons agents show listings — even with Earl at the door

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        alternate text
        From left: Judi Desiderio, Chris Burnside, Susan Breitenbach, Bob Gianos and Harald Grant

        While Labor Day weekend on the East End can present many hazards -- traffic jams and crowded beaches, for starters -- the specter of Hurricane Earl has presented an array of additional problems, especially for agents trying to squeeze in as many showings as possible during the last weekend of the summer. "Flying furniture," in particular, is a major concern, said Judi Desiderio, CEO of East End-based Town & Country real estate. "You could literally have lounge chairs up in the air and in the pool," Desiderio said. "That's a biggie, especially if you're showing a property on the water.” But out of town buyers are often unaware of the dangers inclement weather present in the Hamptons, Desiderio said. [more]


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        Priciest, cheapest units to hit the market

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
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        From left: 88 Central Park West and 516 East 78th Street

        The priciest Manhattan home to hit the market this week is an eight-bedroom co-op in the Brentmore, at 88 Central Park West in Lincoln Square, according to Streeteasy.com. As The Real Deal first reported, the 14-room, two-floor residence, on the market for $25 million, belongs to heiress Laurie Tisch, who is moving to the 834 Fifth Avenue co-op she bought last year for $29 million. The building, designed by architectural firm Schwartz and Gross, was completed in 1910 but recently underwent a restoration, and now has a library, den, wet bar, central air conditioning and a modern sound system. Cindy Kurtin and Jessica Vertullo of Stribling & Associates have the listing. The cheapest Manhattan unit to come online this week is a one-bedroom, one-bathroom co-op at 516 East 78th Street on the Upper East Side. The $239,000 pre-war unit is being marketed by Doug Eichman of the Corcoran Group. Click here for more.


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        Quinn receives thousands in Vornado donations through campaign finance loophole

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        City Council Speaker Christine Quinn has received thousands of dollars in campaign contributions from Vornado Realty Trust through a loophole in campaign finance regulations, despite publicly praising a three-year-old law that was supposed to limit the amount that individuals doing business with the city are allowed to contribute, to $400 each. According to Crain's, Quinn received $19,900 from Vornado executives, nearly $15,000 of which is being held in an account saved for her expected 2013 mayoral campaign. The donations began coming in around the same time the city began building a database of companies doing business with the city as part of the new campaign finance law, which passed in 2007. Last week, the City Council approved Vornado's proposed skyscraper at 15 Penn Plaza with Quinn's support, despite resistance from Community Board 5. [more]


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        Fannie’s path to ownership

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        If you fit the profile -- typically buyers with little cash on hand or small-scale investors looking for a deal on a foreclosed house -- a little publicized national lending program could be just what you need this fall. Here's what it offers:
        -- Minimal down payments -- 3 percent for buyers who plan to live in the house, 10 percent for investors. Most of your down payment can come from documented gifts from relatives or others with no direct connection to the transaction.
        -- No requirement for an appraisal on the property unless you're applying for additional money to renovate the house. This is crucial because lowball appraisals can be deal-killers, especially when the house needs cosmetic or other repairs.
        -- Generous "seller contribution" limits of up to 6 percent of the price, effectively reducing the cash you'll need to pay closing costs.
        [more]


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        Tiger’s former mistress buys $2M Park pad

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        Days after rumors swirled regarding Tiger Woods' purchase of a Hudson Street apartment, his former mistress Rachel Uchitel has purchased a three-bedroom, three-bathroom apartment on Park Avenue, TMZ reported, though the address was not immediately known. The unit was asking $2 million, but Uchitel -- who reportedly has an extra $10 million in her bank account from a deal with Woods -- secured a “pretty sweet deal” for the place, according to TMZ. The apartment features a fireplace, as well as “white-glove service,” including a doorman and security. [more]


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        Columbia seeks more space in Inwood

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        Columbia University is seeking to acquire more land along the Harlem River to legally construct a new sports complex at Broadway and 218th Street in Inwood, DNAinfo reported. A city law requires property owners on the Manhattan shoreline to set aside a predetermined percentage of the land for public use when building a new structure, but since Columbia doesn’t have the required amount, it is asking the city to allow it to acquire and develop additional space. To build the planned five-story, 48,000-square-foot Steven Holl-designed Campbell Sports Center, the school would normally have to set aside 180,000 square feet of additional city-owned public waterfront space, according to Wayne Benjamin, Community Board 12's land use chair. [more]


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        Summer started slow, but brokers saw uptick

        September 3rd, 2010    Posted in Apartments Brooklyn, Apartments New York, Manhattan Apartments News, New York Apartments, New York Real Estate News, News
         
        From the September issue: The National Association of Realtors reported last month that home sales nationwide dropped by 27 percent between June and July -- a phenomenon largely attributed to the expiration of federal housing tax credits. The bleak news sent the stock market into a nosedive and gave more credence to the national conversation about a possible "double-dip" recession. Yet Manhattan real estate brokers said they're seeing an increase in activity as the summer draws to a close, suggesting a strong fall market may be in the works. "Business has been building," said Frances Katzen, an executive vice president at Prudential Douglas Elliman. "People are buying through the summer months and property is moving. This is a far cry from last summer." Ryan Fitzpatrick, sales associate at the brokerage CORE, said that in light of the strength of demand this summer, he "expects the market will be robust through the fall. [more]


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