News

Charming ‘Back House’ Apartment Is a Tiny Treasure in the West Village

6SqftApril 21, 2015

The cool thing about tiny living spaces is how it makes you so aware of all the wasted space you have in your own home. This micro apartment at 340A West 11th Street makes the most of every inch of its usable space, and if storage is key, then this pad has the combination. We think you’ll quickly see that inside this red brick “back house” less really is more.

 

Enter to find your adorable 13-by-13 living room, complete with old world touches like oak wood floors, built-in bookcases, and a wood-burning fireplace. The tiny kitchen has everything a New Yorker really needs (because who in NYC uses a kitchen anyway?). There’s an abundance of cupboards to store your winter sweaters—we mean dishes—and a four-burner stove, mini fridge, and a freezer for the ultimate culinary experience. The space also features a deep farmhouse sink and thick Carrera marble countertops and backsplash.

 

Believe it or not, the bedroom can actually accommodate a queen-sized bed. And the amount of storage in this space can put bedrooms three times its size to shame.

 

Now, if you’re looking to stretch your legs, this gorgeous co-op already has a solution. This $625,000 historic home, built around 1850, is surrounded by a private landscaped garden with flowers, a 50-foot elm tree, and multiple sitting areas.

 

340A West 11th Street is a pet-friendly co-op between Washington and Greenwich Streets, hidden behind a cast iron gate. The peaceful home is just a short walk from all the West Village action, including the Hudson River Park, the High Line, and famous restaurants.

Core interprets New York neighborhoods through illustrations

Luxury DailyApril 17, 2015

Real estate brokerage firm Core is taking an artistic approach to marketing New York neighborhoods by releasing illustrations that depict the culture of 12 areas within the city.

 

These districts of Manhattan are illustrated and noted by Todd Selby and available on Core’s Web site. Since New York is one of the top real estate markets in the world, creating a whimsical campaign that embodies the neighborhoods through illustrations and facts will offer interested consumers a quick insight prior to purchasing.

 

“Our services are bespoke and tailored to support our clients’ real estate decisions, so the neighborhood essays are an extension of this sensibility and add dimension to the consumer experience,” said Elizabeth Kosich, director of marketing and digital strategy for Core, New York.

 

Illustrated exploration


Mr. Selby has previously worked with luxury brands and publications such as Louis Vuitton, Fendi, Vogue, Architectural Digest France and the New York Times’ T magazine.

 

The Upper East Side, Upper West Side, Flatiron, Chelsea, Gramercy, Lower East Side, SoHo, Tribeca, NoMad, Greenwich Village, West Village and the East Village are all represented on Core’s Web site through a single image.

 

When one clicks on the neighborhood of interest, they are brought to a page that offers a description of the area and several illustrations of various attractions and facts about both the area and the city. Also, a quote about New York is set in the middle of the images.

 

For instance, the Upper West Side image is a drawing of a T-Rex’s skeleton in honor of the neighborhood’s Museum of Natural History. Once on the page a description is at the top speaking about Woody Allen movies filmed in the area and the sidewalk cafes and marathoners and soul-cyclers that are often present.

 

The illustrations reflect this description with illustrations of a stationery bike for soul-cycling, the subway stops speak to the neighborhood’s access to public transportation, a bagel with lox and cream cheese represents the cafes, a dog focuses on the area’s access to Central Park and an image of Lincoln Center addresses the performances and culture in the neighborhood. A quote from Woody Allen completes the page.

 

All 12 neighborhoods are set up in similar fashion offering insights in a light manner.

 

Alternate route 

 

Core has previously turned away from typical real estate marketing tactics.

 

For instance, in July, Core took an unorthodox approach to marketing a new building in the Hudson Square neighborhood of New York.

 

Although real estate purchases are arguably the most important commercial choices a consumer can make, real estate marketing tends to follow a dry and formulaic approach. Core sought to break away from this format by creating a campaign that resembled something closer to what a fashion brand might produce.

 

Narrowing in on specific regions of New York allots a space for real estate firms and publications to give more information about the city to those unfamiliar.

 

The New York Times also delved into neighborhoods with its “Block by Block” video series featuring locals from different areas within New York.

 

A new area will be highlighted each month, with the first episode looking at the up-and-coming Bedford-Stuyvesant neighborhood of Brooklyn. Real estate agents and marketers will be able to use these videos to offer insight and context to clients looking to purchase in a specific neighborhood.

Focusing on specific locations within one city can provide much greater detail to interested buyers.

 

“The New York City real estate market is a collection of submarkets, all of which offer a wildly different residential experience,” Ms. Kosich said.

 

“Todd Selby was tasked with bringing each area to life by capturing the nuances that make each neighborhood so special,” she said. “The result is a celebration of each neighborhood’s personality, which is meant to build excitement, interest and intrigue for the consumer.”

N.Y. vs. L.A. Home Prices: What $3.2 Million Gets You in Each City

The Hollywood ReporterApril 16, 2015

Los Angeles — $3.2M

 

This 3,013-square-foot house (above) with infinity pool in the Brentwood hills, built in 1963, was owned first by Ronald Reagan's chief of staff Fred Ryan Jr., who sold to Oval Office decoratorMichael Smith (who sold to former Warner Bros. president Jeff Robinov, who gave it up for $2.85 million in 2006). "It's much more about the exterior," says Smith of the 21,344-squarefoot estate that sold for $3.2 million in January. "You have this beautiful view of the canyon. It was built into the hill, so well-designed for the land. It's like a castle once inside the house and gate," with floor-to-ceiling windows, three bedrooms, three baths, beamed ceilings and two fireplaces. He adds: "The house has such an organization outside. That's the thing about California: You can be one with nature."

 

New York — $3.2M

 

Zachary Quinto's recent New York shoots for I Am Michael, Girls and The Slap no doubt were behind his NoHo loft purchase, originally listed for $3.7 million. "If you walk by the entrance of 43 Great Jones [Street], you'd never think multimillion-dollar, exquisitely finished residences were above," says listing agent Martin Eiden of CORE Group. It was an upgrade for Quinto: His Los Feliz house was 790 square feet smaller and, at a selling price of nearly $1.3 million, cost $2 million less than this two-bed, two-bath, 2,295-square-foot space with walnut flooring. Worth it? Says Eiden of the coastal switch: "From experience, many high-profile people move to New York from L.A. so they can live normal, relatively anonymous lives. They enjoy walking and riding bikes instead of always driving."

What 3.2 Million Gets You

The Hollywood ReporterApril 16, 2015

Martin Eiden’s sale on Great Jones is covered by The Hollywood Reporter. 

Shaun Osher on tripling his net worth when he launched his real estate career

InmanApril 16, 2015

Shaun Osher on tripling his net worth when he launchd his real estate career NYC brokerage CEO talks common sense, working as a rental agent and more

Shaun Osher, the CEO of CORE, talked about the very first real estate deal he ever did as a new agent in New York — and how common sense helped set his career on fire. Publisher Brad Inman interviewed Osher at Inman Connect New York 2015 in January.

Top residential agents of the week

The Real DealApril 10, 2015

Price: $12,918,589
Listing broker: Hilary Landis of the Corcoran Group
Address: 737 Park Avenue

 

Price: $10,437,062
Listing broker: Tim Crowley of Flank Brokerage
Address: 224 Mulberry Street

 

Price: $10,300,000
Listing brokers: Deanna Kory and Lynn Nguyen of the Corcoran Group
Address: 300 Central Park West

 

Price: $10,000,000
Listing brokers: Patricia Wheatley and Nikki Field of Sotheby’s International Realty
Address: 1158 Fifth Avenue

 

Price: $7,900,000
Listing brokers: Lydia Sussek, Alex Ionescu and Irene O’Halloran of the Corcoran Group
Address: 225 Fifth Avenue

 

— Tess Hofmann

Zachary Quinto Buys New York City Loft

LonnyApril 09, 2015

Downtown Digs

From the small screen to the big one, Zachary Quinto is a busy man. He just began filming the highly anticipated Star Trek 3, but not before snatching up a 2,295-square-foot loft from CORE in Manhattan's NoHo neighborhood for a cool $3.1 million. Click through to see more of his hip pad.

 

Sunny & Spacious

The open floor plan allows for the living and dining areas to share one big, bright space.

 

Bookish Beauty

Built-in bookshelves create a focal point in the street-facing living room.

 

White Out

Whitewashed brick provides a serene backdrop for the king-size bed in the master bedroom.

 

Chef's Corner

Dark wood cabinetry and stainless steel appliances dominate a sleek city kitchen.

 

Storage Solutions

Unlike most city dwellings, this open gourmet kitchen features a walk-in pantry.

 

Selling Points

A seamless mirror hovers above deep, double sinks, but the main star of this master bath is the massive soaking tub.

 

Room to Grow

An extra bedroom can be used as a guest suite or home office.

 

Double Up

From the bunk beds to the bookshelf, this kids room is built-in ready.

 

Grungy Chic

The unassuming apartment resides in a quiet corner of downtown Manhattan's NoHo neighborhood.

‘Star Trek’ Actor Zachary Quinto Beams Partner and Dogs into Posh NYC Loft

Haute ResidenceApril 09, 2015

Zachary Quinto played the iconic Vulcan Spock character in Star Trek into Darkness, but he’s found the light and a new life in a modern Manhattan loft – where he plans to “live long and prosper.”

 

The in-demand actor and his model boyfriend Miles McMillan recently switched coasts, dropping $3.1625 million for a two-bedroom, two-and-a-half bathroom apartment in NoHo with enough oversized windows to shed natural light on Quinto’s dark characters. The couple’s two rescue dogs, Skunk and Noah, will reportedly share the new downtown digs.

 

The nearly 2,300-square-foot home is a full-floor unit with direct elevator access, a stainless steel gourmet kitchen, walnut floors, and contemporary interiors with unique architectural accents (matching walnut beams, decorative ceiling light sconces, exposed brick walls and pipes, built-in bookshelves).

 

According to Zillow, Quinto, who is starring in more New York-centric roles, sold his mid-century Los Angeles home in the trendy Los Feliz neighborhood for nearly $1.3 million last fall.

 

The “hit maker” has landed memorable roles in successful TV shows, including Hannibal, 24, Heroes, American Horror Story, CSI, Six Feet Under, Girls, and most recently as the slapper in The Slap. But theStar Trek franchise was his big screen breakthrough. While the recently deceased Leonard Nimoy (the original Spock) has presumably beamed up to heaven, Quinto will play Spock again in the nextf Star Trekinstallment, which hits theaters in 2016. (Considering Nimoy won three Emmy Awards as Spock, Quinto has very big pointy ears to fill.)

Zachary Quinto Buys Noho Loft for $3.2M

SuiteyApril 09, 2015

Actor Zachary Quinto (American Horror Story, Start Trek, and The Slap) has made a grand investment in New York City real estate by laying down a reported $3.2M on a two bedroom loft at 43 Great Jones Street.

 

The loft features a private elevator landing, state-of-the-art renovations, custom bookshelves, sunken bedrooms, beamed ceilings… the list could go on.  The apartment is certainly an upgrade for this Pittsburgh native, who is rumored to be moving in with his partner Miles McMillan.

 

Last on the market in 2007, this Noho pad then sold for $2.5M.

 

A $700K return on the previous owner’s investment isn’t bad, right?

Zachary Quinto Nabs a Sprawling Noho Pad for $3.2 Million

6SqftApril 02, 2015

Zachary Quinto–”Star Trek”‘s new Spock who’s also known for his roles in “Heroes” and HBO’s “Girls“–just dropped $3.1625 million on a two-bedroom Noho pad with longtime boyfriend, model Miles McMillan. The 2,300-square-foot full-floor loft at 43 Great Jones Street was initially listed at $3.7 million in March 2014, but it suffered a few price chops before the LA transplants scooped it up. Their new home is the definition of a sleek and modern downtown pad, with walnut floors, oversized windows, and a stainless steel gourmet kitchen.

 

The home features a private elevator entrance directly into a 700-square-foot living/dining room combination served by four giant windows and custom built-in shelving. The chef’s kitchen opens to the entertaining space and boasts a built-in cooktop and a walk-in pantry. Each of the two bedrooms feature a whitewashed brick accent wall and a spa-like renovated bathroom.

 

Moving into the home with the couple are their two rescue dogs, an Irish wolfhound terrier named Noah and a tiny terrier named Skunk. Meanwhile Quinto is still hard at work, with an upcoming appearance on NBC’s “Hannibal” this season. The couple sold their California home this past November.

NYC Real Estate Pros Talk the Future of Sustainable Properties

GOTHAMApril 01, 2015

 

Real estate pros discuss sustainable design and its impact on the luxury market.

 

Celebrity homeowners like Leo DiCaprio were among the first to embrace and tout the benefits of green condo living in New York City. But beyond the A-list, how important is green to the high-end residential market? At this broker roundtable, part of gotham’s ongoing series, nine experts share their experiences brokering sustainable luxe.

 

How much is “green” a factor in luxury sales, and at what price points does it most resonate?

 

BARRY RICE: The broader issue is one of ethics— doing the right thing for the environment. From our point of view, as the architect, that’s a large motivating factor that would encourage developers like Toll Brothers and Greystone and others to do energyefficient buildings. I’m not sure whether it has much of a financial benefit for the developer of the building.

 

RICHARD STEINBERG: For a project we did at 180 East 93rd Street with Greystone Development, we used many of the green amenities to market the units. It increased our sales by approximately 20 percent on offering plan prices.

 

WENDY SARASOHN: For me, a building being green is an add-on, not a driving force. We’d all like to think we have this consciousness about the environment, but most people searching for apartments are looking for location, quality, ease of life, and good value.

 

DEBORAH GRUBMAN: I agree. As time goes on, it will become more and more important. A younger demographic will be more conscious of LEED and ecologically thoughtful living, [which will become] deciding factors.

 

GINGER BROKAW: During a project this past year, we found that buyers in their 20s, 30s, and 40s were most interested in green. They asked many questions regarding the structure, what paint was used, and what the operating systems were.

 

The highest rated LEED buildings in the city include The Visionaire, The Solaire, 1 River Terrace, Tribeca Green, and Millennium Tower Residences. How do you think green amenities affect appreciation?

 

RS: None of those are uptown buildings, which goes back to what they were saying, that this is an age issue—the younger you are, the more interested you are in the green environment. Not that we’re disinterested, but we’re less interested.

 

BR: So the underlying association is that if you live downtown, you’re young? [Laughs] STEPHEN WANG: I want to weigh in, not on appreciation or selling point, but as an architect, LEED is just one measurement of the building. It could be green and not be LEED. Your customer may regard air quality and light [as important along with] certain things that might not achieve LEED, but it’s still sustainable.

 

REBA MILLER: If you took an existing building with a history of sales, made it LEED, then put it back on the market, then you could see a difference. If 740 Park all of a sudden became a LEED building, you could ask if it could now command $5 million more per apartment because it’s LEED.

 

What about wellness amenities, the so-called second generation of sustainable real estate? Are people asking about them?

 

WS: I’m very much into health and wellness; however, when I hear about vitamin C [shower] water, I think it’s a gimmick. If a building enhanced the well-being of a prospective owner, that would be terrific, but I think that as used, it’s pretty much, “Lets try this now!”

 

GB: People want the basic amenities that pertain to health, like maybe a gym or a yoga stretcher in-room, but some buildings far exceed that, like 515 East 72nd Street, which originally had its own outpost of the Miraval Spa when the building was converted to condominiums. But after a while, people forget about it; that’s not why they are buying the apartment.

 

How have severe climate events, for example, a storm like Hurricane Sandy, affected how you build and what you are selling?

 

BR: One of the first things that developers ask me is to allow the space for a rooftop emergency generator. There is no point in having it in the basement because it will flood, but now it’s taking up more space on the roof.

 

GB: That’s one of the most common questions we are receiving now when we are selling a new development.

 

BR: And “What does that generator do?” should be the next question.

 

RM: Some of the buildings that have done nothing may eventually do something if banks start to mandate and say, “We will only lend if this building meets this criteria.”

 

WS: Especially if the building is in a zone at high risk for flooding.

 

LISA SIMONSEN: I have a question—every year we hear that the market is not going up anymore. Do you see prices increasing in the next five years? At the high end of the market right now, apartments are selling in the $10,000-per-square-foot range. Is it going to be $15,000?

 

RM: It’s time to get a little more realistic. Developers have come on very strong with prices I can’t make sense of, with 6,500 new units and 18 new developments north of 57th Street. I’m questioning who the buyers are going to be at those numbers closing two years from now.

 

What are the luxury price points with most traction and the ones where there is pushback?

 

EMILY BEARE: I think people are really taking their time, especially in the high end, to see what’s coming on, where pricing is. [Sales of] $5 million and below are transacting really fast; above $5 million, [they are] taking much more time.

 

RM: The $1 million to $8 million range is the market that can move.

 

WS: In condos or co-ops? RM: In both. I see some Fifth Avenue stuff that’s not moving. It used to be the barometer, but I don’t think it’s the only barometer today, as there is a lot of luxury. There’s so much being offered, and buyers are trying to figure out where they should buy and how much they should pay for it.

 

Is there more demand for Park over Fifth or vice versa?

 

RS: When I speak to foreign buyers, everyone wants to know how close they can be to the park. They’ve been so brainwashed. So in answer to your question, I think it’s a matter of a view. I tell my buyers there’s no advantage to buying a Fifth Avenue apartment in the back of a building; they might as well use their money more selectively than just going for the address.

 

WS: Fifth has more pied-à-terre buyers and Park has more full-time residents who have multiple homes.

 

RS: What I can say about this year is that the $20 million to $30 million co-op customer is still out there. I think Wall Street is doing better than ever. In the $20 million to $40 million range, there is not a single co-op, and we all have buyers who would jump at the chance. The ultraluxury condo market—it’s either feast or famine. There’s nothing in between.

 

GB: Where I have a problem is what do I sell my customer who can afford between $5 million and $10 million? I feel like they are outpriced in so many situations. They are never going to be able to touch what’s being built. One of the smartest buildings I’ve seen recently is 20 East End Avenue. It was done brilliantly at a price point for real people.

 

WS: I bought at 20 East End, and I am someone who thought East End Avenue was in Queens.

 

RS: So much new real estate needs to be absorbed in the next two years, but that’s not to say prices won’t go up. I’m shocked we haven’t seen more $70 million to $80 million apartments coming on the market. The past three were so hugely successful. And I don’t understand why someone at 740 Park Avenue or 820 Fifth hasn’t said, “I can get $120 million.”

 

DG: That’s the question. First of all, you don’t have a motivating selling point because where are they going to go? And they don’t need the money.

 

BR: And the capital gains.

 

DG: We’ve all been there, aggressively calling people, asking if there’s a number where they would sell. We have all made those calls. Do you know what percentage of them would actually say—“Yes, Deborah, what’s the number, I’d love to hear it”? Maybe 1 percent.

 

RS: I have a question for Stephen and Barry as architects: In architecture there are always trends. The quality limestone building is now coming back. Do you see this as cyclical?

 

EB: That’s why I think 20 East End Avenue is so successful, because it’s going to look like it’s been there forever. And that’s why 15 Central Park West and 135 East 79th Street were so successful. Those are buildings that are new but people really relate to that.

 

SW: Most of my work ends up being traditional. Even out in the Hamptons, a shingle-style will sell better than a glass box.

 

BR: I see the same thing. I was someone who was upset about too much glass going up on the Upper East Side and in Chelsea. I knew how sad these buildings look after 10 years, because that’s what London looks like.

 

THE PANELISTS

Emily Beare: associate broker, CORE Group Marketing, 127 Seventh Ave., 212-726-0786

 

Ginger Brokaw: associate broker, Town Residential, 730 Fifth Ave., 646-998-7408

 

Deborah Grubman: associate broker, The Corcoran Group, 660 Madison Ave., 212-836-1055

 

Reba Miller: founder and associate broker, RP Miller Realty Group, 135 E. 65th St., 646-210-3177

 

Barry Rice: founder and principal, Barry Rice Architects, 37 W. 17th St., 212-944-1929

 

Wendy Sarasohn: associate broker, Brown Harris Stevens, 445 Park Ave., 212-906-9366

 

Lisa Simonsen: associate broker, group head of The Simonsen Team, Douglas Elliman, 575 Madison Ave., 212-702-4005

 

Richard Steinberg: senior managing director, Warburg Realty, 654 Madison Ave., 212-439-5183

 

Stephen Wang: founder and principal, Stephen Wang + Associates, 135 E. 55th St., 212-829-9494

theNativeSociety’s Top 10 Rising Stars in NYC Real Estate Brokerage

The Native SocietyApril 01, 2015

Judges:

 

Leonard Steinberg, President, COMPASS 
Diane Ramirez, CEO, Halstead Property 
Shaun Osher, Founder & CEO, CORE Real Estate 
Elizabeth Ann Stribling, President, Stribling & Associates 
Frederick Peters, President, Warburg Realty 
Wendy Maitland, President of Sales, TOWN Residential 
Gary Malin, President, Citi Habitats

 

theNativeSociety announces our Top 10 Rising Star Awards in the Real Estate Brokerage industry. We recognize 10 inspiring and aspiring stars who embody the qualities theNativeSociety celebrates: exemplary leadership, creativity, passion, initiative and a desire to make a difference in their professional and personal lives.

 

Winner:

David Kornmeier, Brown Harris Stevens

 

Second place: Elizabeth (Libby) Leahy, Stribling

 

Third Place: Sofia Falleroni, TOWN Residential

 

Honorable Mentions:

Mickey Conlon, CORE

 

Oksana Somkaylo, Halstead Property

 

James C. Cox Jr., COMPASS

 

Victoria Rong Kennedy, Citi Habitats

 

Deborah Ribner, Warburg Realty

 

Evan Danzig, Douglas Elliman

 

Jessica Weitzman, Sotheby's International Realty

 

Judges Bios:

 

Leonard Steinberg is President of COMPASS. He is responsible for over $2 billion in transactions. Leonard is part of The Leonard Steinberg Team, which is consistently ranked as one of the top ten Broker Teams in the United States by The Wall Street Journal. Leonard and Hervé are the publishers of Downtown's only monthly market report, LUXURYLETTER , which has been cited by The New York Times, The Wall Street Journal, The Observer, The New York Post, The Real Deal, The London Times, Forbes, New York Magazine, CNN, ABC-TV, NBC, and FOX-TV. Leonard and Hervé are the marketing agents and consultants for some of Downtown's most iconic new buildings, including 560 West 24th Street, 7 Harrison, 150 Charles Street, 200 Eleventh Avenue, 54 Bond Street, The Townhomes of Downing Street, 245 Tenth Avenue, 744 Greenwich Street, The Aberdeen Townhouses, 27 Wooster Street, and One Great Jones Alley.

 

Diane M. Ramirez is Chief Executive Officer of Halstead Property and she is well-known for her passion and devotion to the residential real estate industry. She is a 35-year veteran who started her career in Palm Beach, Florida where she worked as an agent for a number of years before returning to her hometown - New York City - and embarking on a successful and exciting career.

Together with Clark Halstead, she helped found Halstead Property in the Fall of 1984. Their vision for the company was a high-end firm that utilized advanced technology combined with old fashioned elegance that covered all segments of the market and was located in the communities that they serviced. Due to their vision, Halstead Property became the first big firm to utilize storefront offices in Manhattan as well as the first to be on the West Side and in Downtown.

 

Shaun Osher founded CORE in 2005. As CEO, and under his leadership, he has led CORE to become the number one boutique real estate marketing and sales company in New York. Widely regarded as one of the most innovative and creative minds in marketing, branding, and selling real estate, he has been responsible for more than 30 projects and 6 billion dollars in sales. Having started his career as one of NYC’s most successful and respected agents, he is known as a broker's broker, with a keen understanding of the market and acumen for sales and negotiation. A native of Johannesburg, South Africa, Shaun graduated from The New School and began his career in 1994.

 

Elizabeth was named President of Stribling & Associates, Ltd. on January 1, 2013. In running the company, she works closely with her mother, Elizabeth F. Stribling, the company’s Chairman, and the entire Stribling management team.

A fifth-generation New Yorker, Elizabeth Ann Stribling-Kivlan is a graduate of the Chapin School and the College of the Holy Cross, where she studied Comparative World Religions. Elizabeth started working in real estate in 2001 in San Francisco, as an assistant to one of that city's top producers. After two years on the West Coast, she returned to New York City

and began her career at Stribling as a salesperson. During that time, Elizabeth sold property both uptown and downtown, as well as in Brooklyn, where she worked on-site at One Brooklyn Bridge Park, the conversion of a former warehouse into 449 luxury apartments in Brooklyn Heights. Elizabeth joined the Stribling management team in 2006, as Director of Sales for the Downtown offices. In 2010, Elizabeth became Stribling’s Director of Marketing and Business Development, overseeing the print, viral and social media of the company as well as the global outreach efforts of the firm. In this capacity, she became the company’s “ambassador at large”, representing Stribling at the various meetings and conferences of its national and international affiliates.

 

FREDERICK WARBURG PETERS is President of Warburg Realty Partnership. A graduate of Yale College with a Masters Degree from CUNY, Frederick entered the real estate business as a residential agent in 1980. After working as a Sales Director at Albert B. Ashforth for a number of years, he acquired and renamed the 95-year old firm in 1991. Since that time, Frederick has expanded the company from 40 to 130 agents and from one to four locations. Frederick’s commitment to integrity, professionalism, and expertise has helped to position Warburg as one of New York’s few major independent residential brokerage providers. He is the most frequent contributor to Warburg’s blog and one of the most quoted experts on real estate in both Manhattan and national media. He serves as a co-chair of The Real Estate Board of New York’s (REBNY) Board of Directors- Residential Division; as a member of REBNY’s Board of Governors; and as of the Vice President for Residential Brokerage on REBNY’s Executive Committee. In January of 2010 Frederick received the prestigious Kenneth R. Gerrety Humanitarian Award which recognizes meritorious service to the community by a REBNY member; he was also a recipient of REBNY’s 1996 Henry Foster Award, given for a lifetime of achievement and contribution to the residential industry.

 

Wendy Maitland, President of Sales of TOWN Residential, is highly skilled in multiple aspects of real estate, has played a significant role in the foundation of the TOWN brand and philosophy, and serves as one of the company’s strategic advisors.

Wendy is an innovative real estate executive who has not only engineered historic deals in the booming New York City market, but who has actually had enormous impact on the way business is done today, with her unique style of deal-making based on a philosophy of "win/win." The proof of Wendy Maitland's unique methodology is in her extraordinary sales record over a meteoric eight-year career as evidenced by over $1 billion in residential sales over that time, garnering her top salesperson downtown for four consecutive years. By compiling a remarkable history of deals, many of which are record setting, in which both parties were pleased, she has amassed an extraordinary list of clients that grows continuously by word of mouth.

 

Gary L. Malin, Citi Habitats’ President, is the principal figure in the day-to-day operations, strategic planning and overall vision for Citi Habitats. Malin shapes the company’s brand through his hands-on involvement with marketing and public relations initiatives; builds and maintains alliances with key real estate entities and professionals; and directs Citi Habitats’ affiliates. In all of these functions, Malin’s primary objective is to ensure that Citi Habitats remains-as it has throughout its existence-the industry leader in forward-thinking, customer service centered real estate firms.

 

Actor Zachary Quinto Drops $3.2 Million on Noho Apartment

CurbedApril 01, 2015

Actor Zachary Quinto (Spock in the new Star Trek movies, and more recently known for Girls and The Slap) just bought a two-bedroom loft in 43 Great Jones Street, Trulia reports. The apartment, which had previously sold in 2007 for $2.5 million, was listed in March 2014 for $3.7 million but lingered on the market and endured a series of price cuts before Quinto and his longtime boyfriend Miles McMillan scooped it up for $3,162,500. It was recently renovated, and features a private elevator landing.

Zachary Quinto Buys $3.1 Million Manhattan Love Nest

TruliaApril 01, 2015

He may be the latest villainous boyfriend on HBO’s Girls, but Zachary Quinto isn’t settling down in Brooklyn like his TV counterpart.

 

That’s right — the dapper actor, who recently starred as Ace the toothbrush-chewing creep who hooks up with Jessa on Girls, is putting down roots in Manhattan.

 

Quinto dropped $3,162,500 on a two-bed, two-and-a-half-bath pad with his longtime love, boyfriend Miles McMillan. The couple will share the new digs with their two rescue dogs, Irish wolfhound-terrier Noah and another, much tinier terrier, Skunk.

 

The 2,300-square-foot unit is a large, full-floor loft with an elevator that opens right onto the entryway. Walnut floors and oversized windows complement exquisite architectural details, and a stainless steel gourmet kitchen is perfect for any amateur chef.

 

Basically, Quinto’s new home is the picture-perfect epitome of a sleek and modernized downtown New York pad, which is ideal for a burgeoning megastar like him.

 

Quinto, who will be appearing on NBC’s nightmare-inducing show Hannibal this season, was previously a Los Angeles resident. In 2008, he purchased a stylish pad in the uber-hip neighborhood of Los Feliz, but he sold that three-bed, two-bath Mid-Century home in November of 2014.

 

Lagging at the top of the market

The Real DealApril 01, 2015

With a handful of record sales in the past year, there’s no question Manhattan real estate has entered a new stratosphere. But even as asking prices at the very top of the market are shooting up, the city’s priciest closed sales have lagged by comparison.

 

Last year’s top sale — the record-breaking $100.5 million penthouse at Extell Development’s One57 — was eclipsed on the listings side by a $118 million three-unit combination unit at the Ritz-Carlton in Battery Park City. In 2013, there was a similar gap between the priciest sale of the year and the priciest listing. The $42 million penthouse sale at 18 Gramercy Park South was a stunning 58 percent less expensive than the $100 million penthouse listed at CitySpire.

 

Shaun Osher, CEO of the brokerage Core, said the spread is “typical in a market that’s moving upwards,” as owners and developers, especially at the highest echelon of the market, test the waters to see how high they can push prices. He pointed out that the majority of luxury new development units are selling at their asking prices.

 

In fact, Douglas Elliman’s Toni Haber said one reason for the disconnect between listing price and sales price is that some of the priciest pads that closed in 2014 and 2015 actually went into contract two or three years ago. In other words, today’s closed sales are more an indication of the market two years ago.

 

For example, the $100.5 million One57 penthouse went into contract in February 2012 and closed in December 2014. Meanwhile, the $42 million penthouse at 18 Gramercy Park South went into contract in September 2012 and closed in August 2013.

 

Haber said the penthouse at 15 Central Park West that sold three years ago in December 2011 for $88 million would command north of $100 million today. “The market has dramatically gone up,” she said.

 

By that logic, the tide may be turning: This year’s top sale, as of mid-March, was billionaire Len Blavatnik’s $77 million co-op at 834 Fifth Avenue. That bested this year’s most expensive new listing, the Puck Building’s top penthouse, which is asking $66 million. However, there are pricier listings coming down the pike, including the $130 million penthouse at Zeckendorf Development’s 520 Park Avenue, the $150 million penthouse at the former Sony building at 550 Madison Avenue, and a possible $175 million listing at 220 Central Park South. 

 

To be sure, there is a concentration of pricey listings at the top of the market. The top 25 sales in 2014 exceeded $1 billion, compared with $599.7 million in 2013 and $836.5 million in 2012, according to an analysis conducted by The Real Deal of data from the listings website StreetEasy. And last year’s top 25 sales all exceeded $30 million, a notable jump from 2013, when only nine of the most expensive sales reached that price.

 

Still, price chops are getting larger at the top of the market.

 

The Pierre Hotel’s penthouse, originally listed at $125 million, saw a 50 percent price chop when it was relisted this year for $63 million. Meanwhile, billionaire Steven Cohen, founder of hedge fund SAC Capital Advisors, slashed the price of his One Beacon Court pad to $82 million from $110 million.

 

A number of the priciest sales in the past few years also sold for less than their asking prices, albeit still at stratospheric amounts. Despite its record-breaking $100.5 million price, One57’s penthouse was originally asking $115 million, while a full-floor condo at the Sherry-Netherland fetched $70 million in 2014 — after asking $95 million.

 

Similarly, the penthouse at the Carlton House, at 21 East 61st Street, was initially priced at $65 million but sold for at a 20 percent discount of $52 million last year.

 

Andy Gerringer, managing director of the Marketing Directors, said only a select few properties warrant record-setting numbers. 

 

Big numbers “certainly will get you attention,” he said. “But do you have a Plan B in case it doesn’t happen?”

DE BLASIO ANNOUNCES 9 NEWLY-DESIGNATED NYC NEIGHBORHOODS

Brick UndergroundApril 01, 2015

As part of his ambitious re-zoning proposal, Mayor Bill de Blasio announced this morning plans to designate new neighborhoods and sub-neighborhoods within the city*, citing both demand from developers, confusion among renters, widely accepted and circulated cliches, and a successful pilot program in Quooklyn.

 

As the program rolls out city-wide, the following neighborhoods will be re-named (and their boundaries changed as necessary), effective immediately:**

 

ABC: Inwood, Riverdale, really anything north of Washington Heights. If you live up here, you'll Always Be Commuting.

 

WayScar: Yorkville, also known as the way station to Scarsdale.

 

NeYoWoEA: Aka, a neighborhood you won't ever afford, as in Dumbo, the West Village, Soho, Tribeca, Fifth Avenue and Park Avenue.

 

PaPaPay: The LES, the Village, Williamsburg, parts of Bushwick and Greenpoint. If you're under 25 and moved in here in the last three years into an apartment bigger than 500 square feet with no roommates, your dad is probably paying the rent.

 

NorBar: After a series of generous checks from Bruce Ratner, Fort Greene—which sits just north of the Barcays Center—has decided on a strategic re-branding.

 

NoGo: Fifth Avenue between 50th and 59th Street, i.e. shopping tourists country.

 

SoTriMe. The narrow slice between Meatpacking, Tribeca, and SoHo. There's a bouncer on the block who doesn't even let you on the street unless you're wearing Jimmy Choos.

 

DormCore: Anything between roughly Houston Street and 14th Street and 2nd Avenue and 8th Avenue, with St. Marks Place at the epicenter. Basically NYU-ville.

 

NuBu. The New Bushwick. Applicable to Ridgewood, Middle Village, Brownsville, East New York, Ocean Hill, the Evergreens Cemetery, Canarsie, and segments of Long Island.

 

*These neighborhood designations aren't real, as of press time, and the mayor didn't actually say anything of the sort. But if any over-eager developer wants to start branding buildings with NuBu, we're open to selling the rights.

 

**Contributions from freelance writer Alana Mayman; CORE sales agent and comedian Sean Attebury; architect and comedian Joel Napach; and the BrickUnderground staff.

Slam Dunk

Architectural DigestMarch 31, 2015

The airy Upper East Side apartment that’s been home to New York Knicks star forward Carmelo Anthony and his wife, television personality La La Anthony, is on the market. The newly renovated prewar penthouse is located in an exclusive building across from Central Park whose amenities include a 24-hour concierge, a large fitness center, and a residents’ lounge. AD100 architect and designer S. Russell Groves devised the building’s interiors.

 

Contact: Lisa Graham of CORE, 212-500-2103; corenyc.com

Knicks’ Carmelo Anthony has a sick $12M New York rental on the market (PHOTOS)

NJ.comMarch 31, 2015

Unless you get paid like Knicks superstar Carmelo Anthony, you can only look at the photos of his New York City condo above and wish you could afford it.

 

Or, maybe you also recently signed a contractin the neighborhood of $124 million, in which case: Have we got a home for you!

 

The Post reported earlier this month that Anthony's rental on New York's Upper East Side is on the market and will cost $12 million. Here are some of the details of the five-bedroom pre-war condominium from CORE:

 

"Upon entering from the private elevator landing opening directly into this exceptional 10 room residence you are drawn to the beautifully appointed entertaining space featuring breathtaking romantic Central Park views, lofty ceilings, a gas fireplace, living, dining and library room as well as a versatile den/media room and office space. This residence has been meticulously constructed with plaster coffered ceilings and moldings, solid oak wood floors, solid core doors and recessed LED lighting."

 

It's the perfect place to rest while rehabbing from knee surgery.

10 NYC Pads Monumental Enough For The Obamas

Refinery 29March 30, 2015

If news of New York's biggest power couple decamping to L.A. threw you for a loop, fret not: An even bigger duo may be moving in. BuzzFeed reports that the Obamas are "seriously considering moving to New York," when the president's second term ends in January 2017. The possible construction of the Obama Library at Columbia University (Barack's alma mater) seems to be part of the appeal.

 

Although Barack, Michelle, Sasha, and Malia have deep roots in Chicago, the president and first lady are by no means strangers to New York. Obama has hosted dinner parties at Daniel Boulud's chic namesake restaurant, and he spent his college days in Morningside Heights. Most recently, FLOTUS was spotted visiting NYU and Barnard with Malia and the first dog, Bo.

 

To help the first family expedite their grueling real estate hunt, we've dug up 10 amazing NYC homes that easily rival 1600 Pennsylvania Ave. From indoor gyms and Central Park views to some seriously stunning (and historic!) Brooklyn sites, we see no problem convincing the Obamas that New York is where they belong.

 

Farewell, Jay Z. We're welcoming another boss to the empire state of mind.  

Carmelo Anthony's posh home can be yours for $12 million

SF GateMarch 30, 2015

Carmelo Anthony’s New York apartment is the latest celebrity home to hit the market for a price tag of $12 million.

 

According to the New York Post, the Knicks forward and his reality television star wife, LaLa, are leasing the home until Aug. 1.

 

But, a peek inside the lap of luxury Anthony retires to is already available via Core, the real estate agency in charge of the sale.

 

The swanky condo sits in a renovated building, which dates back to 1925, and has five bedrooms, 4.5 baths, living and dining areas, a library, office space and a “versatile” media room on 4,000-square-feet of “solid oak wood floors,” according to the CoreNYC.com description.

 

 

Cleo Vauban: Broker, CORE

The Native SocietyMarch 28, 2015

BIO: Cleo Vauban is a licensed Real Estate broker with CORE after several years of working with Sotheby's in both the commercial and residential real estate industries. Well-versed on all neighborhoods throughout Manhattan. Cleo is fluent in both French and Japanese and attributes her strong understanding of global cultures to her extensive travels. In addition to her work in real estate, Cleo is also heavily active in charity work, volunteering her time to Children’s Rights, where she is on the hosting committee. A native New Yorker raised on the Upper East Side, Cleo attended the prestigious Nightingale-Bamford School. After studying abroad in Switzerland and a stint at Tulane before Hurricane Katrina, she graduated with honors from UCLA business school. She has begun focusing her efforts on investing in startups and small business opportunities and is loving it!

 

FAVORITE: NYC

 

Hotels:

 

Uptown: The Mark

 

Midtown: The new Park Hyatt Flagship at One57

 

Downtown: Crosby Street Hotel

 

Restaurants:

 

French: Per Se, La Sirene, Taureau

 

Italian:L'artusi, Malatesta, Babbo

 

Sushi Bars: Ichimura at Brushstroke, Sushiden, Ootoya, Sushi of Gari

 

Seafood: Le Bernardin, Marea, Flex Mussels

 

Chinese: KOA, Chin Chin, Decoy (best underground Peking Duck!)

 

Pizza: Di Fara, Rubirosa, Motorino

 

American/Burgers: Shake shack, PJ Clarkes

 

Steakhouse: Peter Luger's, Keens

 

Dessert: Levain Bakery, Momofuku, The Cinnamon Snail

 

Coffee: Le pain quotidien, 12 Corners, Stumptown

 

Bars/Lounges/Clubs:

 

Uptown: Bemelman's

 

Midtown: Norwood

 

Downtown: Soho House, Up&Down, Happy Endings

 

Spas/Gyms/Workouts:

 

CLAY Health Club + Spa, Caudalie Spa, SLT, Spa at Mandarin Oriental 

 

Fashion:

 

Shoes: Barney's

 

Bags: Barney's

 

Jewelry: Catbird

 

Clothing: Barney's, Intermix, Net-a-Porter, Moda Operandi

 

Art Galleries/Cultural Institutions:

 

MOMA, New Museum, Gagosian, The Whitney

 

 

http://corenyc.com/cleo-vauban

Dream Homes

The New York PostMarch 26, 2015

Tom Postilio and Mickey Conlon’s listing on West 52nd Street was featured in yesterday’s print edition. 

At $12m, it’s a steal: Carmelo Anthony’s former 4,000-square-foot Manhattan pad overlooking Central Park goes on sale

Daily MailMarch 26, 2015

If you're in the market for an apartment with a prime location and an unbeatable view, Carmelo Anthony's former Manhattan digs have hit the cutthroat New York real estate market.

 

You too can live like the 6-foot-8 Knicks star, where high ceilings are an absolute must, for a cool $12 million.

 

Sound steep? You haven't see the gorgeous sunsets over the park.

 

The big ticket price also affords a lucky buyer five gorgeous bedrooms and an address on Manhattan's posh Fifth Avenue, home to some of the world's wealthiest and most famous power players.

154: Marketing Hacks For Luxury– Patrick Lilly

Super Agents LiveMarch 26, 2015

Patrick Lilly breaks down marketing and why you should be thinking about targeting specific demographics.  He encourages you to develop a Unique Selling Proposition for each home you list.  We talk about mindset and how he gets so much done with a relatively small team.  He breaks down why work always trumps talent.

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