Dive In, Without Going Outisde

The Wall Street JournalFebruary 28, 2013
Three homes for sale with indoor pools and aqua amenities, such as changing rooms, a geothermally heated hot tub or a swim-up bar

$3.75 million
Roswell, Ga.
26,000-square-foot home on 3.4 acres

This home includes an indoor/outdoor saltwater pool that is 48 feet long. The room has electronic sliding doors to open the space for large events, and multicolored lights to set the mood. The house has eight bedrooms, 10 full bathrooms and two half-bathrooms. Other amenities include a ballroom and two media rooms, one of which is inspired by the Fox Theater in Atlanta.

Agent: Jim Gibson of Harry Norman Realtors

$17.5 million
Saddle River, N.J.
25,000-square-foot home on 4.4 acres

This French-manor-style home includes an indoor saltwater pool room with two 24-foot "water walls" that circulate water back into the pool and hot tub. A wet bar is a few paddles away. The home, powered by solar and geothermic systems, has five bedrooms and seven bathrooms. Romantics can warm up by the five fireplaces.

Agent: Michael Graves of CORE and Dennis McCormack of Sotheby's International Realty

$9.3 million
Yarrow Point, Wash.
Roughly 8,000-square-foot main home on roughly 3⁄4 acre

The main house features a Southeast Asian-inspired indoor pool room with a glass roof and sliding doors that open to a view of Lake Washington. Beside the 40-foot-long pool are separate his-and-her changing rooms, a full bathroom and a bathing-suit spinner for quick drying. The property also has a meditation room, guest quarters and two boat docks along the 185 feet of water frontage.

Agent: Larry Williams of John L. Scott Real Estate/Luxury Portfolio

Construction Watch: 241 Fifth Avenue Time-Lapse Video Shows Entire Building Construction

Mad Park NewsFebruary 25, 2013
Construction of the new condo development Two Forty One Fifth (241 Fifth Avenue between 27th and 28th Street) is very close to completion, and CORE sent us a pretty cool time-lapse video showing the creation of the building from beginning until its current state (by Triton Construction). This 20-story new condo development is a block up from the Grand Madison and 1.5 blocks from Madison Square Park. Sales are expected to start in the first half of 2013.

Watch it being built in 1 minute...

Selling New York S6E12: Some Imagination Required

CurbedFebruary 22, 2013
HGTV's Selling New York rides along with brokerages CORE, Kleier Residential, and Warburg as they try to sell fabulous properties fabulously. Here's our recap of how the NYC real estate industry is portrayed to the world, penned by Angela Bunt. Episode air date: 2/21/2013.

It's the perfect blend of young and old, experienced and not-so-experienced this week, as we watch Kleier Residential President Michele Kleier and CORE Executive VP Michael Graves navigate the sea of NYC real estate. Graves is trying to repeat his previous record-breaking performance at a Park Avenue building by selling an $8.45M penthouse as close to the asking price as possible. Meanwhile, Michele is working with property developer Penny Bradley to find her a suitable new townhouse to renovate. Will she be able to pull through for her new pal? Will Graves be gravely disappointed?

The grasshopper becomes the master this week, as CORE Executive VP Michael Graves works to prove himself to his boss, CORE CEO Shaun Osher, by selling an $8.45M penthouse in the 240 Park Avenue South building. What makes this an even more enticing opportunity is that Michael has already sold a penthouse in the building, and even broke the record for highest price per square foot. Now, Mike wants to sell the new property for no less than $8.1M, essentially breaking his own record-breaking record because "it would mean so much for my career." He swears he will not be using performance-enhancing drugs.

Rather than being impressed, Osher (pronounced Awwwsher) basically chastises Graves for doing such a bang-up brokerage job in his past deal: "You shot yourself in the foot. You set a record, now everyone expects that from you." Thanks for the vote of confidence, Osh-Kosh!
One of the biggest challenges facing the sale of the 240 Park Avenue penthouse (besides the price point Graves is hoping to reach) is the furniture. It's beautiful and completely custom. But, that's just the problem. The furniture gives the apartment an appeal that it wouldn't have otherwise, and soon the owners will be moving it into their new digs. It's imperative that Graves sell the penthouse before it's empty inside (like he is. All work and no play, y'know how it goes).

Graves gets to selling, showing off the apartment to brokers and buyers alike. He's hoping his soft, soothing voice and boyish good looks will help him land a deal. Throughout the tour he uses expressions like "wrap glass corners" and "signature residence" and makes the pantry sound like the closet leading to Narnia. But as Graves says, "In real estate, it's sort of like selling a piece of art. It's whatever someone believes it's worth." AKA make up a bunch of fancy terms in an effort to squeeze every last dime out of these one-percenters.
Graves meets up with Susan Kennedy, associate broker at Halstead, to discuss a potential offer. Her clients love the apartment, but they don't love the price. They're also pretty set on having outdoor space, which this place doesn't have. She predicts their offer will land around the high $7M mark. Graves comes off a bit aggressively as he tells Susan he needs that number to be higher, and exclaims privately to the camera: "The high sevens are not going to do. I need to be very close to the full asking price for me to deliver for my seller, who expects me to be a record breaker one more time." Michael is putting way too much pressure on himself to be the best—there's no way he's going to be able to pull this off all on his own.

At this point in the episode, Michael is feeling the heat so intensely he looks like he's about to spontaneously combust. Pacing around the CORE office, he vows to his client over the phone that he will break his previous record and sell the property for over $8.1M. He begins to reach out to everybody that's shown interest in the apartment in an effort to start a bidding war. Aggression, short-temper, intensity. Are you sure you're not doping, Michael?

To help calm his frayed nerves, Michael and Shaun take a stroll in Madison Square Park while Michael waits on news from Susan Kennedy. Apparently Graves' intimidation tactics at their last meeting worked: Kennedy's clients put in an offer at $8.3M, which is $200K more than his previous record-breaking deal. He did it, he did it! He broke his record, gained the respect of Shaun Osher, and proved himself to be one of the best brokers CORE has to offer.

Next up is yet another appearance from Mama Michele, whom we've been seeing more and more of this season and I ain't mad at it! This week, she's stepping out of the brokerage box and instead dabbling in some property development work. She's teaming up with Penny Bradley, who worked as the property developer on Emeril Lagassi's townhouse (which Michele has the exclusive on, no big deal). Penny specializes in buying townhouses and bringing them to life through complete gut renovations, and Michele has a few properties she'd like to show her in the hopes that she'll take them on as her next development project. Then, once the properties look awesome, Michelle can sell the hell out of them. Kind of like a you scratch my back, I scratch yours type of thing.

The first potential fixer-upper is at 59 Park Avenue. God, those apartments on Park are all so dilapidated, hey? It's a $12M, 6,480-square-foot townhouse that holds 10 apartments: five studios in the front, five one-bedrooms in the back.

Penny says the criteria she considers when purchasing a property is first the location, and then the "bones" of the apartment. No matter how gorgeous the crib may be initially, if it doesn't have the ability to be converted into something even better, then there's no real value in it. So does Penny see value in this Park Ave space? Mama Kleier asks. "Do you have other things to show me?" Penny wonders. So: no.

Mama K does have something else: a townhouse at 111 Bank Street – the heart of Greenwich Village. Penny is joined by her architect, Richard Lewis (not to be confused with the comedian), who's going to give some input on the pad while managing to get a little airtime for himself. It's $7.5M, 5,000-square-foot townhouse with six units inside.

It's hard to summarize an apartment when the people touring it are picturing all the different ways they can gut it and start anew, but Penny and her architect see a lot of potential in the building. The property is 22 feet-wide, larger than average for a townhouse in this 'hood, which means there's a lot of room to renovate. Penny describes it as "quaint" and "charming," which only comes off as slightly patronizing to the average television viewer who can't afford to flip NYC real estate. They estimate that renovations will cost around $1.5M to $2M dollars.

Michele meets with Penny at her restaurant, Lyon, to discuss the properties they've been checking out. So this woman is a prolific property developer and also owns a restaurant? I can't even juggle doing my laundry on the same day I'm going out for a happy hour. Penny loves the Bank Street property but thinks she needs to finish her current project on the Upper East Side before taking on something new. Michele says she'll keep her eye on the townhouse in case she needs to scare potential buyers away. In the meantime, Penny has some referrals for Michele, who she's begun working with since the episode aired.

It's like everything happened in this episode...yet nothing happened at all. And don't you think Michele is starting to look more and more like Samanatha Kleier everyday? This episode gets 2 out of 5 cackling Kleiers.

Celeb Photographer Seeks $8,900/Month For 2BR Chelsea Pad

CurbedFebruary 21, 2013
Celebrity photographer Mike Ruiz—who has shot the likes of Kim Kardashian, Nicki Minaj, and Kirsten Dunst—is leaving Chelsea for the wide open spaces of New Jersey. ""I'm moving to horse country in New Jersey," Ruiz told the Post. "I'll be on 4 acres in a four-bedroom home with lots of space to possibly give my dog, Oliver, a sibling." That means he's putting his 2BR/2BA condo with a terrace in the Chelsea Stratus up for rent, starting March 1. For $8,900 a month, the new tenant gets a beautifully decorated apartment, outfitted with B&B Italia furniture, grey Lanzzoni sectional sofa, and a custom-designed kitchen with Pietra Cardosa stone countertops, lacquered cabinetry, and an Asko washer/dryer.

The building has some fun amenities, including an indoor basketball court, lounge with a fireplace, billiards room, a rooftop deck, a landscaped garden, and a fitness center. Ralph Modica and Vickey Barron of CORE has the listing.

Gimme Shelter - Zoom With a View

New York PostFebruary 21, 2013
Celebrity photographer Mike Ruiz, who’s worked with Kim Kardashian, Kirsten Dunst and
Nicki Minaj, his put his stylish condo on West 24th Street up for rent at $8,900 a month. “I’m moving to horse country in New Jersey. I’ll be on 4 acres in a four-bedroom home with lots of space to possibly give my dog, Oliver, a sibling,” Ruiz says.

The 1,127-square-foot two-bedroom unit he wants to rent out in the Chelsea Stratus features lots of B&B Italia furniture — including a suspended wall unit that hides the TV. The building features an indoor basketball court and a lounge. Brokers Ralph
Modica and Vickey Barron of Core have the listing.

New Development: One Museum Mile

Brokers Weekly - New DevelopmentFebruary 20, 2013
One Museum Mile, the new residential condominium at 1280 Fifth Avenue in Manhattan, is now more than 50 percent closed or in contract, announced CORE, the exclusive sales and marketing firm for the building. The 113 residential interiors at One Museum Mile were created by Andre Kikoski, who also designed the award-winning restaurant The Wright at the Guggenheim.

Robert A.M. Stern Architects, LLP, served as design architect for the building. SLCE Architects served as architect-of-record.

"One Museum Mile has achieved success with New Yorkers as well as international buyers who are looking for good value on Fifth Avenue," said Shaun Osher, CEO of CORE.

"They have been drawn not only to the building's prestigious location on Central Park, but also its superb architecture, amenities and modern interior design."

Residences include 838 s/f studios, two-bedroom apartments from 1,284 s/f to 1,699 s/f, and three-bedrooms up to 2,118 s/f. Available combinations include a 3,619 s/f, six-bedroom residence, and a sprawling eight-bedroom, 4,963 s/f home.

"There has been particularly strong demand from families attracted by the building's expansive residences, including a number of combination units," noted Douglas Barnes, managing director at Brickman, the developer of One Museum Mile.

One Museum Mile Attracting Local and International Buyers

Multi-Housing News OnlineFebruary 20, 2013
New York—More than half the homes at the new Fifth Ave. residential condominium One Museum Mile have closed or are in contract. That announcement was made last week by CORE, the exclusive sales and marketing firm for the building located at 1280 Fifth Ave. in Manhattan.

“With New York City apartment inventory at historic lows, One Museum Mile is the perfect synthesis of all things quintessentially New York,” Tom Postilio, managing director of CORE, tells MHN. Those things, he says, include “a spacious new development on Fifth Ave. offering high-end amenities, sweeping Central Park vistas and an exceptional design, all at good value.”

One Museum Mile has attracted New Yorkers as well as international buyers seeking good value on the northern end of Central Park.

The new development puts residents close to the legendary park, the Guggenheim and Metropolitan Museum of Art, and right next to the Museum for African Art. According to Shaun Osher, CEO of CORE, buyers “have been drawn not only to the building’s prestigious location on Central Park, but also its superb architecture, amenities and modern interior design.”

Andre Kikoski, who also designed the award-winning restaurant The Wright at the Guggenheim, created the 113 residential interiors at One Museum Mile. Robert A.M. Stern Architects, LLP was the design architect for the building, while SLCE Architects served as architect-of-record.

The range of homes offered includes 838-square-foot studios; two-bedrooms ranging from 1,284 to 1,699 square feet; and three-bedroom floor plans up that range up to 2,118 square feet.

Combinations are also available, including a 3,619 square-foot, six-bedroom residence and an expansive 4,963-square-foot home featuring a total of eight bedrooms. Every One Museum Mile home offers an open kitchen and breakfast bar, Bosch dishwasher, Thermador stainless steel oven, cook top and refrigerator and Bosch washer and dryer.

Amenities of One Museum Mile start with a 24-hour full-service concierge, and go on to include landscaped roof terrace, rooftop pool and terrace overlooking Central Park, fitness center with terrace and residents’ lounge with fireplace.

Additional amenities include a card room and media lounge, children’s playroom, teen game room, formal conference and dining room overlooking Central Park, on-site parking, bicycle room, in- lobby cold storage and private storage.

A 421a tax abatement is in place.

Thus far, One Museum Mile has witnessed especially strong demand from families drawn to the expansive residences and combination units, not to mention the high-end amenities and proximity to Central Park, observes Douglas Barnes, managing director at Brickman, One Museum Mile’s developer.

“From a marketing standpoint, one of the larger challenges has been fighting the perception that there is no luxury new development to be had above 96th St.,” Postilio says. “We have shattered that antiquated notion!”

House of the Day: 152 Willow Street

BrownstonerFebruary 20, 2013
The townhouse at 152 Willow Street is not the standard single-family home you’d expect to find in Brooklyn Heights. As far as we can tell, a developer bought the 19-by-83-foot multi- family building at the corner of Pierrepont and Willow Street (with the address of 25 Pierrepont) in late 2011 for $3,550,000 and went on to subdivide and gut renovate it. This would explain the small floor plates and lack of historic details. So while the finished product is a far cry from a typical townhouse, it is a well-appointed and well-located single family house with a front yard and roof terrace. The asking price for the 2,750-square-foot pad is $3,495,000, which comes out to $1,270 a square foot. You buyin’ it? 152 Willow Street [CORE]

Timelapse Video of 241 Fifth Ave.

CurbedFebruary 19, 2013
FLATIRON DISTRICT—Developer Victor Homes installed an EarthCam to capture the construction of 241 Fifth Avenue, and now that the 20-story building is just about complete, the marketing team over at CORE has shared the above timelapse video. Sales for the new condo building will be launching soon.

On the Market: 41 West 16th Street, #2B

The New York TimesFebruary 17, 2013

Court Square in Queens Has Become a Hot Market for Residential Development

New York Daily NewsFebruary 16, 2013
What is now a commercial zone is expected to see more than 3,000 homes built in the next several years.

A real estate explosion in Court Square has catapulted this once sleepy commercial and manufacturing zone into one of New York City’s fastest growing neighborhoods.

Over 3,500 residential units are expected in the Queens enclave over the next five years with housing prices up almost 30% in the last three years. The area has an emerging food scene along with a strong local arts movement.

“It’s definitely become the new ‘it’ neighborhood for Queens,” said Eric Benaim, who lives in the neighborhood and founded Modern Spaces, a real estate agency with roots in the borough. “Artists and families know they get more for their dollar than Brooklyn and Manhattan. It’s still gritty and cool with great value.”

Less than 12 minutes by train to midtown and Williamsburg, the streets of Court Square are full day and night with people coming and going, and staying.
Here’s what makes this 24-hour Queens enclave a development magnet and New York City’s neighborhood of the future.

Rentals coming

New York-based Rockrose Development invested almost $1 billion in Court Square with four projects in construction and development. The 700-plus unit rental building Linc LIC comes first. It has a snazzy 30th floor tenant lounge and roof deck with skyline views. A 15,000-square-foot supermarket is expected with plans for first-class music venue.

“This could become one of the great New York City entertainment hubs,” said Rockrose president Justin Elghanayan, who said the Linc will be ready for move-ins by this summer.

“The neighborhood has it all – easy transportation to Manhattan, great culture, and room to grow.”
Condos for sale

Three years ago, condo prices were $550 per square foot. Today, they’re almost $850 for top apartments with two-bedrooms going for as much as $770,000 at new projects such as the Vista and One Murray Park.

“We sold out fast,” said CORE’s Doron Zwickel, who marketed One Murray Park. “Most of our buyers came from Manhattan and deeper Queens. They all seem to like that they are watching a neighborhood get built and that they are in early.”

Foodie’s delight

M. Wells Dinette, the highly rated restaurant in MoMA PS1 on Jackson Ave. leads the food scene. They’re opening a steakhouse in an old garage on a site Elghanayan owns.

Home-cooked meals at Sage General Store and Thai food at Gaw Gai draw lines at lunch.
The local bar is Dutch Kills. Newcomers include an Indian outpost called Aanchal and Peruvian spot called the Incan.

“I chose the location to be close to the Citibank but I can’t believe how fast the area is getting better,” said Incan owner Jorge Loaiza.


MoMA PS1 and the grafitti icon Five Pointz are internationally known. Local galleries, designers and art collectives give the nabe a creative kick.

All work

JetBlue, Rolex, and CUNY Law School relocated to Court Square. Publicis, one of the world’s largest advertising conglomerates, just announced it was moving from Manhattan.

“It’s been one more epic happening after another for Court Square,” said Dan Miner, senior vice president for the Long Island City Partnership, a group devoted to growing the area.

“JetBlue’s coming – boom. CUNY Law School – boom. The food scene – boom. Most neighborhoods would just need one of these things.”

Featured Real Estate: 305 East 85th Street, 4A

Modern NYCFebruary 15, 2013
305 East 85th Street, 4A
3 beds // 3.1 baths
2,349 sq.ft*

Welcome home to the Georgica condominium, a full-service modern building located on a tree-lined block at 305 East 85th Street. This gracious, 2,349-square foot 3-bedroom, 3.5-bathrooms home is in move-in condition and no expense has been spared on its interiors. The expansive master bedroom suite offers a sitting room, walk-in closet, two additional closets, and a large, en suite bathroom. This home also features a contemporary chef's kitchen, featuring two dishwashers with top-of-the line Miele appliances, as well as additional luxuries that include a Bosch washer/dryer, treated marble counter tops, radiant heated bathroom floors,a steam shower and custom California closets throughout. The Georgica is a 58-unit, curtain wall condominium designed by the award-winning architecture firm, Cetra/ Ruddy. Amenities include a 24-Hour doorman, roof deck with outdoor kitchen.

Dream Homes: 305 East 85th Street, 4A

New York PostFebruary 14, 2013
Yorkville $3.525 million

In the heart of prewar co-op land, you’ll find this “full-service, modern” condo. Set on a “tree-lined” block of East 85th Street, this “gracious,” “move-in-condition” home offers three bedrooms and 3 1/2 bathrooms in the 2,349 square feet of living space. The “expansive” master bedroom suite features a sitting room and three large closets — one a walk-in — and an en-suite bathroom with a steam shower. There is also a “contemporary” chef’s kitchen with marble counters and two dishwashers. The 24-hour-doorman building includes a roof deck with an outdoor kitchen, a playroom and a fitness center. Agents: Emily Beare and Elizabeth Beare, Core, 212-726-0786 and 212-612-9696.

One Museum Mile is 50 Percent Sold

The Real DealFebruary 13, 2013
Harlem’s 113-unit condominium tower, dubbed One Museum Mile, has reached the half way mark, with 50 percent of its units closed or in contract, according to Core, the brokerage handling sales. Located at 1280 Fifth Avenue, the Robert A.M. Stern-designed building has seen sale prices ranging from $650,000 for a studio to nearly $4.4 million for a four-bedroom unit, according to data.

“One Museum Mile has achieved success with New Yorkers as well as international buyers who are looking for good value on Fifth Avenue,” CORE CEO Shaun Osher said. “They have been drawn not only to the building’s prestigious location on Central Park, but also its superb architecture, amenities and modern interior design.”

The building is composed of 838-square-foot studios, two-bedroom apartments from 1,284 square feet to 1,699 square feet, and three-bedrooms up to 2,118 square feet. The building does also feature combination options, such as a 3,619-square-foot, six-bedroom unit and a 4,963-square-foot eight-bedroom unit. Amenities include 24-hour concierge service, a roof terrace, rooftop pool, Central Park views and a residents’ lounge with fireplace.

One Museum Mile Hits 50% Sold

CurbedFebruary 13, 2013
UPPER EAST SIDE—One Museum Mile, formerly known as 1280 Fifth Avenue, has sold half of its condos. The Robert A.M. Stern designed building never sold as quickly as everyone anticipated, but last year, it rebooted and things have been steadily chugging along. The 113 condos sit atop the Museum for African Art, and they feature interiors designed by Andre Kikoski. Remaining units include studios, two-, and three-bedrooms, ranging in price from $735,000 to $2.995 million. Two combinations are also available—a six-bedroom listed for $5.49M and a 4,963-square-foot eight-bedroom asking $6.94M.

5th Ave. Condo Starts Selling After Changing Name to ‘One Museum Mile’

DNA InfoFebruary 13, 2013
EAST HARLEM — In another sign of New York City's real estate market bouncing back, the newly renamed One Museum Mile on Fifth Avenue has sold or is in contract for more than half of its 113 condos, the building's owners said Wednesday.

The apartments in the angular building at 1280 Fifth Ave. between 109th and 110th streets were designed by Andre Kikoski, who also designed The Wright restaurant at the Guggenheim Museum. The building originally struggled to find buyers before cutting prices and changing its name, The Wall Street Journal reported last April.

“One Museum Mile has achieved success with New Yorkers as well as international buyers who are looking for good value on Fifth Avenue,” Shaun Osher, CEO of the real estate and marking firm CORE, said in a statement.

“They have been drawn not only to the building’s prestigious location on Central Park, but also its superb architecture, amenities and modern interior design.”

An 838-square-foot, one-bathroom studio is listed at $735,000, according to the CORE's website.

The largest unit available, an eight-bedroom, eight-bathroom 4,963-square-foot apartment is listed at $6.94 million.

In addition to the sweeping views of Central Park, One Museum Mile also has a card room, a children's play room and a dining room.

In terms of museums, the condo is right next to the Museum for African Art and four blocks north of El Museo Del Barrio.

Dear Owner: Please Sell Faced With Apartment Shortage, Brokers Get Creative

The New York TimesFebruary 08, 2013

Dear Owner: Please Sell Faced With Apartment Shortage, Brokers Get Creative

The New York TimesFebruary 08, 2013

Dream Homes: One Museum Mile at 1280 Fifth Avenue

New York PostFebruary 07, 2013
Upper East Side $5.425 million

Looking for “sweeping Central Park vistas” and a “world-class” address on Fifth Avenue, as well as plenty of square footage? You’ll find it in this condo, a combination of two apartments that’s now a single “sprawling” spread measuring 3,619 square feet. The six-bedroom, 6 1/2-bathroom home in One Museum Mile, a Robert A.M. Stern building — the same architect known for 15 Central Park — features amenities such as a 24-hour doorman/concierge, gym, playroom, game room, parking, roof deck and swimming pool. Agent: Tom Postilio, Core, 212-996-1280
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