Nate Berkus and Jeremiah Brent Just Listed Their New York City Masterpiece

PopsugarNovember 24, 2015

Just recently, Nate Berkus and Jeremiah Brent introduced to the world their stunning New York City penthouse in the October issue of Architectural Digest. The couple worked together to renovate the sprawling space, which is now back on the market.


Perfectly suited for a young family, the listing is any house hunter's dream. From carefully selected vintage furniture to the picturesque nursery Nate and Jeremiah designed for their daughter, Poppy, it's hard not to swoon.


But real estate gold such as this comes at a whopping price — $10.5 million to be exact. Keep reading for a glimpse of every room in this gorgeous "townhouse in the sky."


Half of Iconic Brownstoner Building Hits the Market for $3 Million

BrownstonerNovember 23, 2015

Recognize the lovely Renaissance Revival building above? You should. Now take a peek inside.


A photo of Greenpoint’s 144 Franklin Street has graced the top of the Brownstoner website years. There’s just something special about its arched Romanesque windows and terra-cotta trim.


Today, half of the building hits the market for a cool $3,000,000, listed by Win Brown for Core. The listing includes two of 144 Franklin’s three residential units: a 1,920-square-foot three-bedroom apartment taking up the entire second floor; and a 900-square-foot two-bedroom occupying half of the first floor, with a sleeping loft and another 900-square-foot space in the basement, the agent told us.


As we know from Brownstoner historian Suzanne Spellen, this 1895 building is the former Mechanics and Traders Bank of Brooklyn. At the time it was built, Franklin Street was a high-traffic turnpike linking Williamsburg with Astoria, and the bank building was designed to be the grandest on the block.


The building became a co-op in 1984. In addition to the three residential units, it has a commercial storefront. The listing says one of the units for sale is zoned for commercial, and the sale must be all cash.

Nate Berkus’ Sky-High Manhattan Penthouse Could Be Yours

ELLE DécorNovember 23, 2015

The designer and his husband have just listed their dreamy family home for $10.5 million. 


Nate Berkus has grown into a design world powerhouse, becoming a highly sought after talent praised in the pages of ELLE DECOR. One look into any of the homes he's created and the reason why is clear.


His own Manhattan penthouse, located inside an elegant pre-war building on the glamorous Fifth Avenue, is no exception. Renovated by Berkus, the interiors are a mix of subtle sophistication and daring contemporary design. But it seems he's ready to part with the three-bedroom home.


Just listed for $10.5 million, the duplex home was designed for entertaining on the main floor and family living on the floor below, complete with a play area and nursery for Berkus's baby daughter, Poppy.


What has our hearts really racing, though, is the design star's immaculate closet. So. Much. Space.


Check out Berkus's entire home below.

Nate Berkus and Jeremiah Brent Ask $10.5 Million for Decked-Out Duplex

The Wall Street JournalNovember 20, 2015

The Greenwich Village Penthouse has two terraces and a windowed walk-in closet as big as some apartments.


Interior designers Nate Berkus and Jeremiah Brent are listing their Manhattan duplex penthouse for $10.5 million.


On the 14th and 15th floors of a prewar building, the Greenwich Village co-op has three bedrooms and measures about 2,800 square feet, according to listing agent Emily Beare of Core.


The apartment has a windowed walk-in closet divided into two sections—one for Mr. Berkus and one for Mr. Brent. The closet is “as big as most people’s apartments,” Ms. Beare said, and has a black and white patterned carpet. The kitchen, with white tile and black cabinets, leads to a terrace and has rounded glass casement windows that add “a lot of light,” Ms. Beare said.


Mr. Berkus and Mr. Brent turned an office near the master bedroom into a nursery for their daughter, Poppy. A playroom has built-in bookshelves concealing a hidden door to the hallway, she said. The apartment also has a wraparound terrace and three wood-burning fireplaces.


The couple spent about $6 million in 2013 to buy the building’s penthouse and an adjacent one-bedroom apartment, Ms. Beare said. They combined the two units and gut-renovated the space, she said.


The home was on the cover of October’s “Architectural Digest,” and the couple decided to list it after receiving a number of inquiries about whether they’d be willing to sell, Ms. Beare said. She said the furniture isn't included in the asking price, but some pieces may be available as a separate negotiation.


Meanwhile, the couple paid $2.36 million in September for a four-bedroom house in West Hollywood, according to public records.


Mr. Berkus, 44, founded the design firm Nate Berkus Associates and gained fame through regular appearances on “The Oprah Winfrey Show”. Mr. Brent, 30, heads Jeremiah Brent Design and hosts the television show “Home Made Simple.” The two were married in 2014 at the New York Public Library.


Nate Berkus Lists Greenwich Penthouse Duplex for $10.5M

New York PostNovember 20, 2015

Interior designer Nate Berkus, who got his start as an Oprah favorite, is listing the Greenwich Village home he shares with Jeremiah Brent for $10.5 million.


The penthouse duplex, at 39 Fifth Avenue, was recently featured on the cover of Architectural Digest. It is similar in style to homes he has designed for wealthy clients, like Katie Lee, the cookbook author and TV personality who is Billy Joel’s ex-wife.


The three-bedroom, two-and-a-half bathroom co-op in the heart of the Village comes with a foyer that leads to a living room with 10-and-a-half-foot ceilings, three wood-burning fireplaces and custom built-ins. There’s also a spacious chef’s kitchen with a butcher’s block and marble-top counters, and all glass doors that dramatically lead to the terrace. Berkus designed and renovated the penthouse, devoting the top floor to entertaining and the floor below for living. The listing calls it a “townhouse in the sky” with open city views.


It also comes with a hefty maintenance fee: $7,073 a month. The building was created in 1922 and designed by Emory Roth.


The listing broker is Emily Beare, of CORE.

The Greenwich Village Show: Nate Berkus Lists Penthouse for $10.5M

New York ObserverNovember 20, 2015

Maybe this time he’ll move more than 650 feet away? Interior designer, author, and television personality Nate Berkus and his partner, fellow interior designer Jeremiah Brent, have listed their Greenwich Village duplex, two short years after purchasing it for $5 million. They moved over to their current pad after Mr. Berkus sold his West 9th Street co-op, a brisk two-minute walk away.


“This neighborhood, particularly the blocks around West 11th and West 10th streets, has a unique magic,” Mr. Berkus, whose daughter Poppy was born in March, told Architectural Digest. “We knew we wanted to have a family and that we wanted to raise our child in New York.”


The penthouse at 39 Fifth Avenue has undergone quite the renovation, and was recently featured on the cover of Architectural Digest. The apartment is, of course, beautifully done (obviously), and the couple must really believe in that renovation, if the $10.5 million price tag attached to the three-bedroom, 2.5-bath home is any indication. It does seem a tad ambitious to ask more than twice what one paid just two years ago, but Mr. Berkus clearly believes in the power of good decision.


CORE broker Emily Beare has the listing, which highlights 10.5-foot coffered ceilings, multiple fireplaces, and a wrought-iron staircase. It also notes that the master suite includes a “dressing room larger than most bedrooms.” Considering the fact that the Architectural Digest shoot shows a photo of a shoe closet larger than many an apartment, we think it’s safe to assume Ms. Beare is not exaggerating.


An additional photo from CORE shows that really were not embellishing. That is an apartment-sized closet we have here.


Wherever the couple goes next is sure to undergo an equally as stylish renovation, but it must hurt to part ways with such this one—at least with that closet. Maybe that’s why they’re trying to double their money? In any event, we’re guessing the family is moving on to a place with even more closets–after all, their daughter’s shoe collection will soon need a room of its own, as well. 

Nate Berkus Lists Elegant Village Penthouse For $10.5M

CurbedNovember 20, 2015

Is anyone surprised that Nate Berkus's home is impeccable? The celebrity interior designer just listed his three-bedroom Greenwich Village duplex for $10.5 million, which is noteworthy because it's a whopping $4.5 million more than he paid for it in 2013. Berkus and his husband, interior designer Jeremiah Brent, purchased the penthouse in 2013 for $6 million, according to the Wall Street Journal.


The couple purchased an adjacent one-bedroom apartment in the building (which was designed by famed architect Emery Roth), then renovated it and combined it with the penthouse to create the apartment as it is now. Some of its stellar features include windowed walk-in closets, three wood-burning fireplaces, and a double-doored terrace. The furniture isn't a part of the sale however, but can be acquired on special request, according to WSJ. The couple, who have a 10-month-old daughter, Poppy Brent-Berkus, recently purchased a $2.36 million four-bedroom in West Hollywood.

Nate Berkus and Jeremiah Brent List Their Perfect Greenwich Village Apartment for $10.5 Million

Luxury Listings NYCNovember 20, 2015

Celebrity interior design couple Nate Berkus and Jeremiah Brent have just listed their duplex Greenwich Village penthouse apartment for $10.5 million and it is perhaps the most lovely thing we have ever seen.


The Wall Street Journal reports that the space was actually two separate apartments that the couple combined to make into this 2,800-square foot gem.  According to the listing, the “townhouse in the sky,” features three bedrooms, two and a half bathrooms, a chef’s kitchen, three fireplaces, a wraparound terrace, a huge walk-in closet with divided his and his sections, a playroom with built-in bookshelves, and eastern and southern views of the city.


The apartment was featured on the cover of Architectural Digest this past October, and the couple decided to list it after they received many offers (including one we made in our dreams). In the story, Berkus noted, “Great design is like great love: You trust your gut.” Well we’re glad it paid off!

Nate Berkus and Jeremiah Brent List Their Greenwich Village Penthouse for $10.5M

6sqftNovember 20, 2015

Back in September Architectural Digest dedicated a whole cover plus photo spread to Nate Berkus and Jeremiah Brent “settling in” to their pristine apartment, a penthouse at the Emery Roth-designed 39 Fifth Avenue in the heart of the Village. While the pair spent the better part of the piece gushing about how they’d finally found their dream home (“We couldn’t stop thinking about the apartment, believing we were meant to live there…we were able to create the home of our dreams,” Brent said to AD at one point), it looks like the family, which includes their young daughter Poppy, couldn’t quite get as comfy as they’d hoped, because they’ve just listed their spacious pad for $10.5 million.


As one would expect from two interior designers, the duplex has been beautifully updated. (Surely, what’s driving Berkus’ eight-figure price tag, way up from the $5 million he paid for the home just two years ago.) According to the listing, the unit has been renovated for entertaining on one level and large family quarters below, which include the home’s three bedrooms.


The sleeping quarters are spacious, and the listing touts a “dressing room larger than most bedrooms” in the master suite. The home also boasts 10.5-foot coffered ceilings, four fireplaces, a wrought iron staircase, sweeping city views, and plenty of other luxe details throughout.


 A modern chef’s kitchen complements a large formal dining room that can be opened and closed to create a more intimate setting. The kitchen itself is actually quite a work of art, aptly described as a “space only found in old-world New York mansions.” A wall of windows and skylights within only add to the effect.


While Berkus and his brood have plans to move on, the upside is that you now have the chance to live out their interior dreams in this perfectly appointed space.


New Renders Reveal Interiors for $25M Nolita Townhouse

CurbedNovember 20, 2015

Here's what we know so far about the school-to-condo conversion happening at 34 Prince Street, now known as "The Residences at Prince": The former St. Patrick's Old Cathedral School will be transformed into nine luxury homes (seven condos and two townhouses, designed by Marvel Architects), all of which will be "unique" and pricey (duh). Exterior renderings have already made the rounds, but the interiors have been a mystery; and while we still don't know what those condos are going to look like, these renderings show the inside for one of the development's townhouses, which will hit the market today for $25 million. The five-story home, which sits on the Prince Street side of the block-long project, is as over-the-top as previous reports have suggested: It'll span 10,000 square feet, with two gardens (in the front and back), three working fireplaces, and even an elevator. The floor plans below show the layout of the massive house, which has seven bedrooms, seven bathrooms, an ornate staircase, a study, and a more then 1,000 square foot cellar.


The 5 Most Frequent Causes of Neighbor Fights in NYC

Brick UndergroundNovember 17, 2015

And how to keep the peace in your building. Unless you're a multi-millionaire who can afford your own island, there's no way to avoid neighbors, especially in New York City. Sometimes this is a blessing in disguise, and other times? Not so much. And of course, some sources of neighborly discord are way more common than others. In the interest of commiserating—and, yes, heading off a future conflict—we're rounding up the most time-honored causes of neighbor fights, and how to resolve them:




Far and away, noise has always been—and probably always will be—the biggest source of friction between neighbors in apartment buildings. (This should come as a surprise to approximately no one.) And between the pitter patter of little feet, late night parties or rehearsals, construction work, and pets, there's a seemingly endless smorgasbord of ways neighbors can sonically disrupt one another. The advice? "Take off your heels on wood floors, carpet the bedrooms, and don't make excess noise with your TV, stereo, musical instruments, or wild orgies after 10 pm," advises Thomas Usztoke of Douglas Elliman Property Management.  


And if you've got kids, prepare for a certain amount of warfare. "Especially when a quiet elderly person moves out and is replaced by a young family, the new residents are almost always considered a noise problem," says real estate attorney Dean Roberts. To help ease the tension, Roberts recommends taking a plate of brownies and one of your kids downstairs to meet your new neighbors before the complaints start rolling in. "That at least sort of pre-empts it, and puts a face on the problem," he says.


"I always tell clients to talk to the doorman," adds DJK Residential Associate Broker Fainna Kagan. "Ask who lives downstairs. If it's another family or someone who owns a pied a terre, they tend to be more understanding." If it's you who's making the noise, keep in mind that excessive noise between 10 pm and 7 am is considered a nuisance in NYC, and that following the so-called "80 percent rule" and putting down carpeting to muffle sounds may be your best bet towards heading off a problem.




If you're not hearing your neighbors, you may well be smelling them, whether they've got a penchant for ultra-fragrant dinners, a hoarding problem, or a pack-a-day smoking habit. "Smoking as a nuisance is much more of an issue than it was even five years ago, because people are less tolerant, and fewer people smoke," says Roberts, noting that residents are often particularly eager to crack down on pot smokers, even though as a legal nuisance, a joint is no different than a Marlboro Red. "I had one co-op board that found out a teenager in the building was smoking marijuana, and it was like they expected a SWAT team to jump in from the roof," he says. (Before you call 911, a reality check: The NYPD probably isn't going to make nabbing your building's resident stoner their top priority.)


That said, since very few New York apartment buildings are strictly smoke-free, it can be tough to clear the air. While odors that make their way into your apartment are considered nuisances, "You can't reproduce an odor in court to have someone evaluate it," says real estate attorney Steve Wagner. One exception: Wagner once had a case where an elderly couple wasn't cleaning up after their cats, and their apartments carpets were absorbing (and disseminating) a stench that bothered the rest of the building. "We subpoenaed the rug and had it brought to court, and the case settled after the judge took one whiff," Wagner says. (In this case, the couple agreed to have the apartment cleaned.)


For stenches that are truly foul—the kind caused by hoarding or other unsanitary conditions, for instance—the key is to prove that it's affecting other residents in the building, says Wagner, citing a case where a building evicted a hoarder on the testimony of a neighboring child who could no longer bring friends to the building thanks to the smell. "The court doesn't have the power to compel somebody to get psychiatric help, but they can bring in adult protective services to do an evaluation and start separate proceedings," notes Wagner. 


Sometimes, smells are also a renovation issue, as apartment alterations can inadvertently open up new pathways for smoke and other scents to get into your apartment. "In one case, the super came in and sealed everything up, and it solved the problem," says Wagner. But if the problem is simply a neighbor who won't stop smoking, says Citi Habitats broker Candace Medina, there's not much more to be done other than reporting the problem to management, and having them ask the person to smoke out the windows. "You can't really ask them to stop unless the building is non-smoking," says Medina. Or, as we like to suggest for weed enthusiasts, switch to a vaporizer.




While it's easy to get caught up in your own headaches during a renovation, keep in mind that your kitchen overhaul is likely causing hassles for your neighbors, too, and have some sympathy when you find yourself on the other side of the issue. "No, your alteration from a decade ago wasn't any quieter than the one you're currently complaining about," as Usztoke puts it.


Aside from the obvious noise issues, construction can also cause damage hallways and common areas (though your contractor's insurance should cover this), and neighbors aren't always thrilled about the commotion of handymen and contractors coming and going throughout the day. Aside from making sure your work only takes place during the appropriate hours, says Kagan, the best defense against complaints is a good offense. 


"Before you begin work, give all the neighbors a bottle of wine and let them know you apologize in advance for any noise," she says. And if you're the one being bothered by a neighbor's construction work, this is a case where problems should probably be outsourced to the building's management, rather than handled with a knock on the neighbor's door, since most buildings will have strict rules about noise and hours, and won't hesitate to enforce them. "Often, the super will come up and 4 pm or 5 pm and remind the crew that it's time to get out," says Kagan. 




If water is making its way into your apartment thanks to a careless neighbor, this is another situation where you should take the problem straight to the top. "Call management and say you have a leak," says Roberts. "They need to know because there will be structural issues." If you'd like to be more diplomatic, you can also head upstairs and let your neighbor know in person that the tub seems to have overflowed and its contents are seeping through your ceiling.


Water damage from a neighbor's burst pipe or bathroom overflow is unfortunately all too common—so much so, says Roberts, that it's the prime reason so many buildings demand residents have apartment insurance. But on the bright side, he notes, "they tend to get dealt with pretty quickly because they're source-specific." 




"By definition, these are grounds for warfare," says Roberts. While many common rooms like hallways and laundry rooms are relatively benign, he notes, "Every common area that has utility, like a backyard or rooftop terrace, tends to have issues." (In the course of reporting this story we did hear about one incident in which a building had to tell a resident to stop strolling to the laundry room in nothing but his underwear.)


For recreational areas like roof decks and playgrounds, the best course of action is a building-wide set of rules about when and how the areas can be used (though of course, there's no guarantee people will follow them). "I've worked with co-ops that set up committees to manage it," says Roberts. "The hall monitors, for lack of a better term." Even if you've got a private backyard, you may well find your upstairs neighbors trash and cigarette butts floating down into your yard, notes  Medina. "I've heard of glasses dropped down into a garden, too," she says.


Another classic common area issue: families who leave strollers, shoes, and other kid paraphernalia cluttering the hallways. Besides being an annoyance and eyesore for the neighbors, buildings consider this a fire hazard. In one such case, says CORE agent Kerry Elizabeth Lynn, building management forced one errant family to pay for in-building storage, after flyers about keeping the hallways clear went ignored. "Eventually, they had to give in, because none of the neighbors would talk to them," she said.


Ultimately, for repeated infraction, you may be left with no choice but to tattle. "Nobody wants to be the building complainer, but you also don't want to put up with abuse," says Medina. "And sometimes, if there's no other recourse and the neighbors are really unpleasant, people just move."


Chloe Sevigny's Apartment Sold To Shana Randhava For $2.2 Million

Realty TodayNovember 16, 2015

The former East Village apartment of actress Chloe Sevigny was purchased by the executive director of the Estee Lauder Companies. Shana Randhava bought the apartment for $2.2 million as reported by The Real Deal.


According to New York Post, the 1,250-square-foot co-op is situated on the garden floor of a Greek Revival townhouse on East10th Street between Second and Third Avenues.


It has been reported that when Sevigny still owns the apartment it was featured in Shelter Magazine and it was decorated like a "British 'shabby chic' cottage."


In 2003, Sevigny sold the apartment for $1.76 million to high-profile tech entrepreneurs couple, Halle Tecco and Jeff Hammerbacher. It was Halleand Jeff who renovated the apartment by adding some modern aesthetic but still retaining the character of the Greek Revival townhouse.


According to Heather L. McDonough and Henry Hershkowitz of Core NYC, the home is exquisite with a beautiful well-landscaped front garden. A Dutch door leads to chic designer-inspired hallway. There are magnificent pre-war details in the entire home.


It has a spacious living room with fire place and surrounded with antique mirrors making the area look more glamorous. As for the dining area it welcomes the beauty of sunlight through its casement windows along with Terra Cotta flooring.


The apartment has an oversized master bedroom with its own wood-burning fireplace. An original marble mantle leads to the walk-in closet. The master bathroom is designed with Ann Sacks tiles.


The townhouse is part of "six 19th Century townhouses with a collection of 29 residences" that is located within the St. Mark's Historic district.


The cooperative has a common garden, live-in superintendent and even basement storage locker that is said to be available for rent as well as for bicycle storage. There is also a strict "no smoking policy" in the pet-friendly area.

Chloe Sevigny’s Former East Village Co-op Sells for $2.1M

6sqftNovember 16, 2015

Queen of indie films Chloe Sevigny unsurprisingly moved to the East Village in 2005, scooping up a garden-level co-op at 119 East 10th Street for $1,199,000 and becoming neighbors with fellow indie royal Parker Posey.


By 2013, Sevigny made the inevitable move to Brooklyn (she stated that the East Village had become like a frat house) and sold her two-bedroom Manhattan pad for $1.76 million to tech power couple Halle Tecco and Jeffrey Hammerbacher. Despite the stylish renovation that the couple undertook, they listed the residence this summer for $2.2 million.


The Post now reports that the home sold for just under its asking price to Shana Randhava, the executive director of the Estee Lauder Companies. Interestingly, they note that Sevigny “has been quoted about her love for Estee Lauder products, particularly their ‘luxury compacts.’”


During Chloe’s day, the 1,250-square-foot apartment was decorated “like a British ‘shabby chic’ cottage,” not at all what we’d expect from the actress and model, though she did refer to it as “womb-like.” Tecco and Hammerbacher gave the place a modern makeover that earned them a feature in Apartment Therapyand slightly modified the floor plan. They did preserve details original to the Greek Revival townhouse such as base moldings, beamed ceilings, and wide-plank pine flooring. A Dutch door leads from the front garden into the long hallway adorned with David Cafiero-designed wallpaper. The hall is lined with closets, a powder room, and a laundry room.


The living room features built-in bookshelves flanking a wood-burning fireplace, whitewashed exposed brick, and a wall of antique mirrors. The adjacent dining room has large casement windows that overlook the back patio, terra-cotta flooring, and a custom built-in home office.


The terra-cotta flooring carries over to the kitchen, which also boasts sleek black cabinets, a bit of exposed brick, custom butcher-block counters, a backsplash featuring hand-painted Urban Archaeology tiles, a farmhouse sink and retro appliances. Another Dutch door leads to the rear patio.


The master bedroom has another wood-burning fireplace, this one with an original marble mantle, as well as a walk-in closet and an en-suite bath complete with a cast iron claw-foot tub.

A Tech Power Couple Sold Their Beautiful New York City Apartment for $2.1 Million

Business InsiderNovember 16, 2015

A New York City apartment belonging to a noted couple in tech has sold for $2.1 million, the New York Observer reports. 


The former owners of the East Village home are Jeff Hammerbacher, an early Facebook employee and cofounder of Cloudera, and his wife Halle Tecco, founder of medical venture fund Rock Health. They bought the apartment from Chloe Sevigny for $1.76 million in 2012. The couple then spent nine months renovating the space.


"We struggled to use color in our last apartment in San Francisco, which was all gray and navy, so we really wanted to experiment with color, pattern, and texture in this home," Tecco told Business Insider when the apartment first listed in June.


The buyer is reportedly Shana Randhava, executive director of the Estee Lauder Companies.


The one-bedroom apartment is located on the garden level of a townhouse in the East Village. The entryway has some bright green patterned wallpaper. The living room is filled with lots of texture and color. Its best features include a wall-length bookcase and a fireplace.


This area could accommodate guests. "We added a shower to our second bathroom, so now it’s much more comfortable to have guests stay over," Tecco said. The master bedroom is large by Manhattan standards and has its own large fireplace. The master bath has a freestanding tub.


"We love the kitchen, which opens up to the garden," Tecco told us. The kitchen was recently expanded as part of the renovation.


According to Tecco, this office nook used to be a closet. Residents have direct access to the garden, part of which they share with their neighbors.


Chloe Sevigny's Former East Village Apartment Sells for $2.1M

CurbedNovember 15, 2015

The garden-level East Village apartment formerly owned by actress and gentrification foe Chloe Sevigny has sold again for $2.1 million, The New York Observer reports. Tech power couple Halle Tecco and Jeffrey Hammerbacher, who listed the apartment at 119 East 10th Street in June, are passing the space on to yet another notable buyer: Shana Randhava, the executive director of the Estee Lauder Companies. Like the neighborhood, the apartment has changed over the last few years; after purchasing the co-op from Sevigny for $1.76 million in 2013, Tecco and Hammerbacher embarked on a nine-month renovation that enlarged the kitchen, converted a hallway closet into a laundry room, and added a new shower to the hallway bathroom.


Sevigny has since moved on to a classic six on Prospect Park that is less "womb-like"—a descriptor the actress once used for the East 10th Street digs—and less governed by co-op bureaucracy.

Chloe Sevigny’s Onetime EV Apartment Sells to Estee Lauder Exec

The Real DealNovember 14, 2015

The former apartment of actress Chloe Sevigny has sold to Shana Randhava, the executive director of the Estee Lauder Companies for $2.2 million.


The 1,250-square-foot co-op in the East Village is located on the garden floor of a historic Greek Revival townhouse on East 10th Street, according to the New York Post.


Sevigny sold the apartment in 2013 to tech entrepreneurs, Halle Tecco and Jeff Hammerbacher, for $1.76 million. That same year, she picked up a three-bedroom co-op at 9 Prospect Park West in Park Slope for $2.05 million, about $300,000 above the asking price.


Tecco and Hammerbacher then renovated the one-bedroom apartment, which features a landscaped front garden, custom cabinetry, butcher-block counters, exposed brick, a Rohl farmhouse sink and “hand-painted Urban Archeology tiles,” according to the listing.


Heather McDonough and Henry Hershkowitz of CORE had the listing.

Chloe Sevigny’s Former Womb-Like Co-op Sells for $2.2M

New York ObserverNovember 13, 2015

Perhaps living in a “womb-like” apartment wasn’t all it was cracked up to be. After all, one’s stay in such settings is usually limited to 9 months.


Tech power couple Jeffrey Hammerbacher and Halle Tecco have sold their East Village co-op, which they purchased in 2011 from indie actress Chloe Sevigny. Ms. Sevigny said that she loved the apartment’s low ceilings and fireplace because of the aforementioned “womb-like” feeling, but it seems that Mr. Hammerbacher and Ms. Tecco decided it was time to move on, to…brighter things.


Or, more simply, as CORE broker Heather McDonough told the Observer, because the couple has been relocated.


Mr. Hammerbacher is a Harvard grad who started on Wall Street, moved to a major position at Facebook, founded a data start-up, and is currently on the faculty of the Icahn School of Medicine at Mount Sinai. Ms. Tecco is the founder of Rock Health. They initially bought the unit, which is in a Greek Revival townhouse, after moving from San Francisco, and since Mr. Hammerbacher only recently joined the Mount Sinai faculty, we do wonder where they are going next.


The couple paid Ms. Sevigny $1.76 million for the one-bedroom, then-1.5-bath pad, and promptly embarked on a nine-month renovation that was featured on Apartment Therapy and included expanding the kitchen, creating an office, and adding a second full bath.


Ms. McDonough shared the listing for 119 East 10th Street with Henry Hershkowitz, which includes features like a wood-burning fireplace, built-in bookshelves, lots of exposed brick and a private garden—you know, womb-like and all.


Ms. Sevigny appears to have soured somewhat on her former neighborhood, previously saying that she wants to “cry at the state of it…It’s like a frat house everywhere. I don’t know if it’s a sign of the times, but where are the real weirdos? The real outcasts?”


Well, the East Village has definitely gone through a bit of a change (fratty, indeed), but it seems like a lot of people are willing to pay a lot of money to soak up the frat house atmosphere, like Shana Randhava, who paid $2.1 million for Ms. Sevigny’s former digs. Ms. McDonough told the Observer that Ms. Randhava was “the kind of buyer that, it seemed to me, as soon as she walked in, it felt like her place. It was what she was looking for.”


“It was one of those special apartments that had a ton of charm,” Ms. McDonough added. And we’re sure that the Ms. Randhava will still be able to find plenty of weirdos running around her neighborhood…though they might be dressed in NYU apparel. 

Chloe Sevigny’s East Village Co-op Sells for $2.2 Million

New York PostNovember 13, 2015

Shana Randhava, the executive director of the Estee Lauder Companies, has just purchased actress Chloe Sevigny’s former East Village home for $2.2 million, according to city property records.


The charming 1,250 square foot co-op is on the garden floor of a historic Greek Revival townhouse on East 10th Street.


Sevigny — who has been quoted about her love for Estee Lauder products, particularly their “luxury compacts” — sold the 19th century home in 2013 to a couple of high profile tech entrepreneurs, Halle Tecco and Jeff Hammerbacher, for $1.76 million.


In Sevigny’s day, the apartment was featured in shelter magazines and decorated like a British “shabby chic” cottage, which was particularly ironic given the gritty urban nature of the area at the time.


Tecco and Hammerbacher then renovated the apartment. (Hammerbacher, a Mark Zuckerberg college pal, was an early Facebook employee before co-founding open-source software firm Cloudera, while Tecco is founder of Rock Health, which funds digital health start-ups.)


The one bedroom, one and a half bathroom home — inside the 26.5 foot wide townhouse — also features a landscaped front garden and private entrance with a Dutch door that leads to a hallway lined with closets, including one that contains a washer and dryer. The windowed chef’s kitchen comes with custom cabinetry, butcher-block counters, exposed brick, a Rohl farmhouse sink and “hand-painted Urban Archeology tiles,” according to the listing. 


The pre-war home — in one of six 19th century townhouses within the landmarked St. Mark’s Historic district — still contains original beamed ceilings, base moldings, wide plank pine flooring and two wood burning fireplaces.


The living room boasts custom book shelves surrounding a fireplace and a wall of antique mirrors. There’s also a light-filled dining area with terra cotta flooring and a built-in home office. Another Dutch door opens to the landscaped garden.The master bedroom suite also has a wood burning fireplace with an original marble mantle and a large walk in closet, along with a spa-like bathroom with a cast iron tub.


The listing brokers were Heather McDonough and Henry Hershkowitz of Core.

3 Apartments with Doormen to See This Weekend

DNAinfoNovember 12, 2015

Are you looking for an apartment building that comes with a little extra help? These three apartments, two in Manhattan and one in Brooklyn, are all located in buildings that offer doormen and concierge service.


200 East 27th Street, #2H, Kips Bay
One bedroom/One bath
Approximately 550 square feet
Maintenance: $750 a month
Open House: Sunday, Nov. 15, noon – 2 p.m.


Lowdown: This junior one-bedroom apartment has been converted from a studio. “For a one bedroom, it's better in price,” said Spire Group broker Bianka Yankov, who said she received 40 inquiries about the unit the first 48 hours it went on the market.


Entering the front door, there's an arched entryway to the bedroom on the right. The current owners separate the bedroom from the foyer by a curtain. Inside the bedroom, the owners installed soundproof windows to keep out noise, according to Yankov.


“The apartment is on the second floor so the windows have treetop views,” she said.


A galley kitchen off the foyer has granite countertops and stainless steel appliances. It was upgraded about three years ago, said Yankov.


The open living and dining room have enough space for both a couch and dining room table.


The co-op building, where Yankov is a stakeholder, has 24-hour doorman and concierge services.


“It's one person who does both jobs,” she said. There's also a furnished roof deck, recently upgraded laundry room, fitness center, garage and storage.


Location: “The building is squeezed between Nomad, Murray Hill and Gramercy,” noted Yankov. It's about five blocks north from Gramercy Park and three blocks east of Madison Square Park. The closest subway line is the 6 train at either 23rd Street or 28th Street.


Why put it on your open house calendar? “It's pindrop quiet and there are very low monthlies,” said Yankov.


137 East 36th Street, #20A, Murray Hill
One bedroom/one-and-a-half bath
Approximately 1,075 square feet
Maintenance: $2,591 a month
Open House: Sunday, Nov. 15, 2:30–3:30 p.m.


Lowdown: CORE broker Patrick Lilly said this one-bedroom apartment has “one of the most interesting layouts in the building.”


It's a corner unit with windows that face south and west. Because it's on the 20th floor, you get views of the Empire State Building and down to the World Trade Center.


There are two sunrooms off the open living and dining room that Lilly described as “enclosed balconies.”


The master bedroom, which he called “graciously sized,” is separated into three sections. There's the bedroom area, which can fit a king-sized bed and is lined with closets, then a walk-in closet, then the master bathroom.


The seller, who has lived in the apartment for a long time, has put in new floors but the rest of the apartment is in its original condition. “It will need a reno,” said Lilly.


The building, converted to a co-op in 1979, has a full-time doorman and concierge. There's also a roof deck, gym, bike and storage rooms.


Location: The building is located between Lexington and 3rd avenues, meaning that there's plenty of bars, restaurants and cafes nearby. While the closest subway line is the 6 at 33rd Street, it's only about a 10 minute walk north to Grand Central, where you can catch the 4, 5, 6, 7 and shuttle trains.


Why put it on your open house calendar? “It's a great layout with incredible views,” said Lilly. “You'll also have the chance to renovate and make it your own.”


360 Furman Street, #832, Brooklyn Heights
Studio/one bath
Approximately 901 square feet
Common charges: $957 a month
Taxes: $96 a month
Open House: Sunday, Nov. 15, 1:00 – 3:00 p.m.


Lowdown: This fifth floor studio is unique in that there are “full harbor views,” said Corcoran broker Phyllis Elliott.

“You open the front door, walk down the foyer, and all you see are wall-to-wall windows looking out at the river,” said Elliott. “It's mesmerizing to watch the river traffic pass by.”


There are some original features of the 1928 building left as is, like the 13-foot ceilings and two concrete pillars in the foyer. Modern details include electric remote-controlled window blinds and an Italian-designed open kitchen.


The “large, expansive living space,” as Elliott called it, could accommodate a bed and living room furniture. The current owners have their bedroom in the office, which does not have a window. There's a double closet in the office as well as the entryway, she noted.


The owners, who have been there for five years, outfitted the closets with built-in shelving. Otherwise, said Elliott, “The apartment has been left as is.”


Condo amenities include a morning shuttle to the subway that leaves every 20 minutes, gym, fitness rooms, game rooms and an outdoor putting green. There's a live-in resident manager, doormen, valets and concierge. “The building staff is there to serve you,” said Elliott, who added that there's a freezer and fridge in the lobby for your grocery deliveries.


Location: 360 Furman Street is well-known for its location right at the end of Brooklyn Bridge Park, outside Pier 6. Besides all the waterfront park space, it's an easy walk into Brooklyn Heights or Cobble Hill. The closest subways are a 10 minute walk away. There's the 4 and 5 trains at Borough Hall, the A, C and F trains at Jay Street/Metrotech and the N and R at Court Street.


Why put it on your open house calendar? “The magical views,” said Elliott. “It's fabulous!” 

A Downtown Fixer Upper with an Amazing View for Under $500k

BrickUndergroundNovember 10, 2015

If you're looking to buy an apartment that you can update yourself, you may want to check out this $449,000 alcove studio with a view in the Fulton/Seaport area of downtown Manhattan.


The alcove section is currently configured as a workspace, but we think we'd put a bed and dresser there instead.


The kitchen, like the rest of the apartment, could use some updates, but as they say, it's got "good bones."


And check out that view (from both the window and the balcony, shown above). The reason the view is so majestic, though, is because you're literally steps from the FDR and the entrance to the Brooklyn Bridge. Make sure you're okay with the location.


On the plus side, the apartment's on the 14th floor, so you may not hear the traffic as much as you see it.


And the apartment's located in a well-maintained building with doorman, elevator, and laundry facilities. 

Chinese Investors Eye New York as Safe Haven

Epoch TimesNovember 09, 2015

With China’s economy slowing and its stock market behaving like a roller coaster, more Chinese investors are looking into safe investments, like the U.S. real estate market.


New York in particular has become a favorite place for Chinese investors to stash their cash.


“We are at the beginning of a very exciting period in our relationship between Chinese buyers, real estate agents, and developers in New York City,” said Shaun Osher, CEO of CORE, Manhattan’s leading real estate broker. 


Chinese homebuyers in the past had chosen urban West Coast areas, such as Los Angeles, San Francisco, and Seattle, because of a strong Hong Kong ex-pat population. Now they are moving to the East Coast and Texas, according to the Asian Real Estate Association of America (AREAA).


“There has been a long romance between New York real estate and Asian buyers, particularly Chinese,” said Louise Phillips Forbes, broker at Halstead Property.


“New York is a safe haven. There is an opportunity to expand your wealth here. You can look at all the trends historically from September 11 to the financial recession. Investors know, over time, we have sustained their assets and the values have continued to expand,” said Forbes at a Nov.2 AREAA conference.


In Manhattan, the median price for houses rose 6.3 percent from last year to $982,958 in September 2015, according to StreetEasy. And in Brooklyn the median price for houses climbed 9 percent from last year to $545,139.


“The numbers are staggering,” said Nikki Field, broker and global adviser at Sotheby’s. “New York is a luxury brand. People started hearing and learning that there were great opportunities here, particularly for wealth preservation. You sell your property when you want and at the price you want.”


Chinese investors bought $28.6 billion in American residences last year, according to National Association of Realtors (NAR). They are No. 1, accounting for 28 percent of all foreign purchases.


The homes they acquired tended to be on the luxury side; the average house in the United States sold for $255,600, but Chinese buyers spent on average $831,800 for their American homes.


Although Chinese enjoy high returns in the New York real estate market, they are long-term buyers and prefer to keep their properties, said Field.


Most Asian buyers choose new developments, especially condominiums in New York City. “They tend to gravitate toward buildings that have a proper amount of light and air,” said Gordon Hoppe, executive vice president of Corcoran Sunshine Marketing Group.


More Reasons to Escape


So far, the top properties for Chinese investors in the United States have been hotels and office spaces, as well as luxury residential.


There are multiple reasons for Chinese nationals to move to the United States. Some want to get their money out of China because of increasing anti-corruption probes. Five years ago the main motive was fear of the future.  


“There was the fear of the unknown in China. They wanted to get out for security and safety,” said Michael Kercheval, president and CEO emeritus of International Council of Shopping Centers.


Today, said Kercheval, more are “also looking for quality of life, quality of air, as well as diversification of investments.”


To expand its political and economic influence abroad, China relaxed guidelines on outbound investment for institutional investors. Many affluent Chinese have taken advantage of this and diverted their wealth away from China to politically stable countries like the United Kingdom, the United States, and Australia.


With the stock market crash in China that began in June 2015, Chinese investments in the U.S. residential real estate market have soared. And New York has gained the lion’s share in recent months.


Higher education is the main driver for Chinese investment in New York real estate, according to Diane Ramirez, CEO of Halstead Property. Many parents buy properties around universities for their children.


In addition to housing, Chinese investors are also looking for commercial estate in areas that are attractive to Chinese immigrants. So they chase properties like shopping centers and golf courses in the areas where other Asian immigrants live, said Ramirez.


'Flushing Is Booming'


Flushing, the commercial center of Queens in New York City and the most popular destination for Asian immigrants, has become very popular for both residential and commercial real estate buyers.


“Although prices in Flushing are lower than Manhattan and Brooklyn, they are still expensive by historical standards,” according to Michael Meyer, president of F&T Group.


Meyer’s company is working on a billion dollar project in Flushing with Rockefeller Group. The project includes luxury residential and office condominiums. “The trend is all of Flushing will start to come up. I think there will be more developments for residential as well as hotels because of that,” said Meyer.


Challenges for Property Buyers


For the near future, experts do not foresee a significant price drop in the New York real estate market. Especially for the lower end properties, the scarce inventory will continue to drive up the prices.


One of the challenges that all buyers face in New York City is the scarcity of inventory. Around 62 percent of the market is rental and the majority of the properties for sale is co-op. “There are very few condos available for sale in New York City, so one needs to make a quick decision when buying a property,” said Shaun Osher.


New York City is the top residential market in the world and many international buyers are competing for the limited supply, said Osher.


Another challenge for property buyers is a shortage of good schools in the city. “We do not have enough great schools,” said Forbes.


So there is a development opportunity for that. Developers are buying air rights of pre-existing schools and building brand new schools. “That is a big trend happening in New York City and we will see that for the next decade,” said Forbes.

Historic Greenwich Village Townhouse for $32 Million

The New York TimesNovember 06, 2015

Two fully restored 1840s townhouses on the same leafy street in the Greenwich Village Historic District, though separated from each other by Fifth Avenue, have sold, according to city records, and were the most expensive closed transactions of the week.


The pricier of the two, at $32,000,000, is a 25-foot-wide house at 16 East 10th Street that was bought by a mystery buyer from the developer David Amirian of the Amirian Group and his business partner, Warren Hammerschlag, an orthopedic surgeon. The townhouse had been listed for $38.5 million.


The two purchased the property in 2012 for $11.2 million from Pen and Brush, a nonprofit organization for women artists and writers — after Sarah Jessica Parker and her husband, Matthew Broderick, had previously walked away from a contract to buy it. They spent the next three years refinishing the exterior, renovating and upgrading its five main stories and adding, among other things, a 27-foot “endless” swimming pool with a Jacuzzi, gym, steam room and wine cellar to the basement.


The brown stucco house with Italianate-style detailing, which has $112,000 in annual property taxes, was built in 1848 and had been a private residence until 1923, when it became the headquarters and gallery for Pen and Brush, which has since relocated to the Flatiron district.


There are five bedrooms and 11 bathrooms spread over 10,482 square feet of interior space, as well as 2,094 square feet of outdoor space that includes a terrace off a fourth-floor bedroom, a backyard garden and roof deck. Smart-home technology was also installed, along with radiant heat on every floor; ceiling heights rise up to 16 feet.


The master suite encompasses the entire third floor and features two full marble baths, along with two white-oak-lined dressing rooms, according to the listing with Brown Harris Stevens. David E. Kornmeier was the listing broker, while Paul Bernstein of City Connections Realty brought the buyer, identified as 16 East 10th LLC.


Mr. Amirian said a “very strict confidentiality agreement” prevented him from disclosing any information about the buyer. “We had several bids,” he said, “but we felt this was the best person who really wanted the house.”


To the west side of Fifth Avenue, meanwhile, was the second-priciest transaction of the week, according to city records, at $20,000,000: a five-story 1844 brick townhouse at 10 West 10th Street that had been owned by the daughter of the billionaire financier George Soros.


Andrea Soros Colombel, a philanthropist, and her husband, Eric Colombel, sold the Federal-style brick building to a prominent Philadelphia landlord, Michael A. Karp, the founder of the University City Housing Company, which owns rental apartments, including student housing near schools like the University of Pennsylvania and Drexel University. Mr. Karp has no immediate plans to move into his new home, however, and has listed it for rent at $75,000 a month with the Corcoran Group.


The Colombels had acquired the house in 2006 for $11.5 million, which at the time was a record price for the neighborhood.


The 26-foot-wide townhouse, with annual taxes of $85,793, underwent top-to-bottom updates and renovations over the next couple of years before being placed back on the market for $29.5 million in late 2012. It was withdrawn and relisted in June 2014 for $24.75 million; the most recent asking price was $23.95 million.


The listing brokers, Shaun Osher and Emily Beare of Core, handled both sides of the transaction.


The 8,472-square-foot townhouse has 21 rooms that include seven bedrooms and eight and a half baths, plus a full finished basement complete with storage, a laundry room and a stone-walled fitness center that has a ballet barre and an adjacent sauna and steam shower. There are also three wood-burning fireplaces and several outdoor spaces, including a planted terrace on the top floor.

A Converted Historic Church Is Now the Height of Modern Luxury Living

ELLE DécorNovember 05, 2015

The West Village residence beautifully brings past and present together – and will only run you $12.495 million


Now adays, what's old is new again – especially when it comes to real estate. Instead of tearing down, horse barns become family homes and hospitals find new life as hotels. But rarely in Manhattan do you find a converted home as dramatic as this one: a Romanesque Revival church turned boutique condominium.


You'd never guess that behind the façade of the 1860s-built Methodist church is a series of ultramodern, state-of-the-art apartments. The most impressive of the lot, perhaps, is the West Village building's penthouse duplex.


With two stories – a rarity, as any Manhattanite knows – three bedrooms, and a 500-square-foot, lushly planted terrace, there's more than ample living space. British hunk and leading man, Jude Law, thought so, too. Curbed reports that the actor rented the apartment during a stint on Broadway back in 2009.


Now, the grandiose, 3,500-square-foot apartment is on the market, meaning you, too, can live like a Hollywood star (or priest, your choice). Well, if you have $12.495 million to spare, that is.

Soros You Later

New York ObserverNovember 04, 2015

Shaun Osher and Emily Beare's closure at 10 West 10th Street was featured in the New York Observer's "Transfers" section.

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