07:13:03 | 2012-08-16
Good Morning New York! Here’s the Real Estate News:
Why I’d Rather Pay $700,000 For A One-Bedroom Apartment In New York Than A Mansion Anywhere Else
My recent article about my 150-plus apartment search, which ended with me buying a $700k one-bedroom on the Upper West Side, sure stirred some ire when it was reposted on Business Insider last week. Commenters accused me of being an “indecisive nut job” and way overpaying to live in a “s—hole.”
Renting in NYC with all the benefits of owning
In New York, the word “rental” often invokes images of closet-sized bedrooms, broken elevators and unpleasant standoffs with landlords and rodents alike. A new influx of residential developments, however, are spurning the conventional wisdom of buying-is-best and instead are building towering luxury apartment buildings that cater to New York’s wealthiest renters.
Sarah Jessica Parker is sexy in the city… in a clingy T-shirt dress
In Sex And The City her character Carrie famously loves her apartment. And it seems Sarah Jessica Parker, takes apartment hunting just as seriously as she headed out in New York to find a new pad. On the hunt for new digs, the Sex and the City actress stepped out in an eye-catching tight striped dress which showed off her perfectly toned body.
Kate Winslet’s Chelsea apartment can be yours for $30,000 a month
It seems like it really is over. Director Sam Mendes signed over a Chelsea apartment to ex-wife Kate Winslet for $2.15 million, according to public records. And it’s for rent. Penthouse A at 532 W. 22nd St. is on the market for $30,000 per month. The four-bedroom five-bath home has a 1,700 square-foot terrace. It’s a duplex with 12 oversized corner windows.
Brooklyn apartment buildings evacuated after construction next door makes structures unsafe
Two four-story Brooklyn apartment buildings were evacuated early Wednesday after construction next door undermined their stability.
A Last-Minute Summer Guide to Finding an Apartment and Moving
For many New Yorkers, the end of the summer spells the end of one lease and the search for a new home. The scramble to find new digs is fraught annually by an incoming crop of newbies, including students starting school, jobs or internships, and families eager to get settled before the school year begins.
Why Is the World Trade Center Lit Up Red? It’s Some Kind of Salute to the Troops
We first noticed it two weeks ago, crossing the Pulaski Bridge between Long Island City and Greenpoint. There it was, monolithic on the skyline as it has been for months now. But there was something different about 1 World Trade Center. Poking up from beneath the skyline of the warehouses in the foreground and the office buildings beyond was a band of red lights.
Joan Rivers consults voodoo priestess to cleanse New York apartment
In an August 13, 2012, article posted at Greater New Orleans, Joan Rivers’ voodoo priestess friend describes the haunting of Joan’s house. In a two-part video interview conducted at the New Orleans Healing Center, Salle Ann Glassman describes events she calls, “Terrifying, like the Amityville horror.”
Great Brooklyn Heights! Borough’s Most Valuable House Sells For $7.3 M.
The modern masterpiece at 40 Willow Place may not be able to command a sales price like some of its Brooklyn Heights neighbors—to wit, Truman Capote’s old abode at 70 Willow Street set a borough record when it sold for $12 million in March—but in the eyes of the tax assessor’s office, it is the finest in the borough.
Salesforce.com Leases 74,000 SF in Grand Central
Salesforce.com, Inc. signed a 74,349-square-foot lease for the entire sixth, seventh and partial eighth floors at 685 Third Ave. in New York, NY for its new New York City headquarters location.
Soccer Enthusiasts Hope for a Stadium and a Pro Team in Queens
On many evenings in Flushing Meadows-Corona Park, there are so many pickup soccer games being played on the worn fields that some matches spill over into the parking lots.
Bogus real estate broker who scammed more than 50 Bronx apartment seekers set to get jail time today
A bogus real estate broker who scammed at least 52 Bronx apartment seekers out of more than $20,000 will be sentenced to jail time Thursday, following a plea agreement last month.
AREA Property Partners Takes Control At The Apthorp
AREA Property Partners has taken full control at the Apthorp from Africa Israel Group following a recapitalization of the landmark apartment building, a spokesman for AREA confirms to GlobeSt.com.
New York Times Has Enough Cash To Go Private: Real M&A
After spending as much as $616 million to help construct the Renzo Piano-designed tower, Times Co. sold back a portion of the floors it occupies in 2009 to help finance debt. The leaseback arrangement allows the company to rent the space with the option to repurchase its share of the building in 2019.
TF Cornerstone and FundingPost Host NYC Summer Angel & Venture Networking Event at 505 West 37th Street
Preeminent real estate development firmTF Cornerstone (TFC) recently partnered with FundingPost.com, an online entrepreneur-investor exchange, to host the 11th annual NYC Summer Angel & Venture Event and help launch the next generation of startup companies. Hosted at 505 West 37th Street (at 10th Avenue) on Aug. 9, the daylong educational seminar and workshop attracted approximately 300 professionals, venture capitalists and angel investors to the expansive lobby of TFC’s 43-story luxury rental building.
Vornado makes retail power play
Vornado Realty Trust and Host Hotels & Resorts have reached an agreement for Vornado to redevelop the retail portion of the New York Marriott Marquis Times Square hotel, C.B. Richard Ellis announced this week.
Path to glory
Like some desperate boy on the make, Brooklyn and Long Island City spent a long time trying to convince apartment hunters to give them a chance. Now it’s Jersey City’s turn. Like Hunters Point and Williamsburg, Jersey City is close to Manhattan — only one train stop away (a PATH train, true). But new apartments are a lot cheaper, and a lot more plentiful, here than in the city.
Buying Versus Renting, Owners Consider the Advantages
At a recent She Owns It business group meeting, the conversation focused on real estate. The business owners also touched on the related subject of working remotely, a topic we’ll explore further in coming posts.
Real Estate Mogul Elie Hirschfeld Completes Inaugural NYC Ironman U.S. Championship
Real estate mogul Elie Hirschfeld completed the 140.6-mile race 2012 Ironman U.S. Championship in New York City, in 14 hours, 22 minutes, 29 seconds (14:22:29). The race featured a 2.4-mile swim in the Hudson River; a 112-mile bike ride on the Palisades Parkway; and a 26.2-mile run beginning in New Jersey, crossing over the George Washington Bridge, and finishing in Riverside Park in Manhattan.
Southampton bets on bakery to spark Riverside economy
Southampton officials are hoping the sale of town-owned land to a bakery on the rise will be the first spark in a new economic development zone in the Riverside area.
Strategic Hotels to buy Essex House
Luxury hotel owner Strategic Hotels & Resorts Inc has agreed to buy Manhattan hotel Jumeirah Essex House for about $375 million, two sources familiar with the matter said on Tuesday.
Urban Mansions Return as Rich Folk Desire Everything
There used to be a trade-off between city living and country living: the attractions and excitement of living in an urban environment versus the space and amenities that living outside the city could provide. That type of trade-off is all well and good if you’re willing to put up with certain limitations.
New Exhibition Explores How New York City’s “Forgotten Borough” Has Evolved and Shaped the City for Over 350 Years
From Farm to City: Staten Island 1661-2012, an exhibition opening on September 13 at the Museum of the City of New York, looks at the individuals, communities, institutions, and city agencies that have shaped Staten Island’s development over the past 350 years.
Skinny-Dipping in the City
Consider the real estate luxuries that have consumed your thoughts, occupied your daydreams, perhaps even encroached upon your bank accounts, from the relatively modest (your own washer and dryer) to the truly extravagant (your own pool on the roof).
Illegally converted apartments still pervasive, Daily News investigation shows
It’s hard to blame a landlord for trying to maximize the rent from a property, but when they resort to illegal subdivisions, it can have deadly consequences.
Invasion of rats for residents at NYCHA apartments and now tenants suing the beleaguered housing agency
For hundreds of residents of the city Housing Authority’s Claremont apartments in the Bronx, life has become exile on rat street. In the last few months, they say rats have been invading their NYCHA apartments, crawling inside the walls and even venturing out into living rooms and kitchens in broad daylight.
The Cherished Remainders of a Luxe Life
IN her heyday as the bejeweled empress of New York philanthropy,Brooke Astor entertained presidents, first ladies and a potpourri of pooh-bahs and literati at her elegant 14-room duplex on Park Avenue.
The Unending Battle for the Upper West Side
With its quiet residential streets, grand apartment buildings, cool air sweeping over the Hudson River, and waterfront esplanades lined with cherry blossoms, New York’s Upper West Side, where I was born and raised, has never looked better.
Are You Certain It’s Certiorari? What to Know about the NYC Tax Commission
“Real estate taxes have suddenly become the highest line item in a co-op’s budget, and that being the case, boards should understand the [appeals] process,” says attorney Eric Weiss, a tax specialist and partner at Tuchman Korngold Weiss Lippman & Gelles.
Property Owner Sues Firm Over Condo In Famed NYC Building
A property owner launched a breach of contract suit against Rheem Bell & Mermelstein LLP on Wednesday in New York state court, seeking to compel the release from escrow of the assignment of interest in a condominium in one of New York City’s most luxurious apartment buildings.
New FiDi Supermarket Is Open
Hundreds of hungry shoppers poured into Downtown’s sprawling new Key Food for its soft opening Wednesday — marking the launch of the brand’s first upscale grocery store in Manhattan.
VC duo take the floor
The Winklevoss twins may believe that the cloud is the next big thing, but the duo is starting out small when it comes to their venture capital company. Tyler and Cameron Winklevoss — who famously battled Facebook’s Mark Zuckerberg over the founding of the social network and walked away with $60 million — are leasing an office outpost for their new company.
Anne Peterson: With no lease signed, tenant has limited obligations
Nearly a year ago, my daughter moved into an apartment in the city of Rochester with two strangers, her first real “on her own” living situation. One of her new roommates had been in the apartment for several years and has remained the main contact between the residents and the landlord.
‘Building Within a Building’ Pays Off for NY Office Tenants
More NY landlords and commercial tenants are creating “buildings within buildings.” The arrangement creates separate entrances, longer leases and cheaper rents for tenants. It also generates motivation for landlords to provide more building-wide amenities, such as a shared cafeteria.
Rainbow Room, Shut by a Feud, Has a Fading Wish
It was probably the most cinematically perfect space in New York. It had that stylishly streamlined modern look — elegant crystal chandeliers here, a revolving dance floor there, long velvety draperies beyond. And it had those magical views that made the Empire State Building and the Chrysler Building seem small enough to reach out and touch.
Alchemy names Woolworth investors
Alchemy Properties, the New York-based real estate firm that last week announced its purchase of the condominium interest in the Woolworth Building, disclosed today that two private investors are also part of the deal.
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