News

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.

 

The 22 Most Epic NYC Apartments on the Market Right Now

PureWowNovember 16, 2015

Living in New York is insanely expensive--especially if you have an indoor pool, a panoramic view of Central Park and a private rooftop forest.

 

Even if you don’t have the $86 million (well, not right now) to score one of these beautiful chunks of urban real estate, drooling doesn’t cost a thing.

 

Check out these 22 architectural masterpieces, then try to pick your jaw up off the floor. CORE's 15 Union Square West property is included in the mix.

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.

 

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
Co-op
Approximately 550 square feet
$499,000
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
Co-op
$949,900
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
Condo
$1,295,000
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.

The Flynn Will Bring 30 ODA-Designed Condos to Chelsea

CurbedNovember 09, 2015

For years, there has been word of a new residential development coming to 155 West 18th Street in Chelsea. Now that's finally been confirmed by two new renderings and a promotional video for The Flynn, the 11-story building which will rise between Sixth and Seventh avenues. The Flynn will be designed by ODA New York and is being developed by IGI-USA. The building will have 30 condos,including four duplex penthouses and two garden units. A teaser site is already live, sales are set to be launched by CORE in December, and the building itself will be ready for occupancy by mid-2016.

 

The renderings are accompanied by a fun and snappy 15-second teaser video, which is a prelude to a longer video yet to come. Stay tuned.

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.

On The Market

Time Out New YorkNovember 03, 2015

The on-budget and out-of-control apartments up for grabs right now. Paul Johansen and Katie Flahive's listing at 318 Prospect Avenue is included in the mix.

 

Park Slope Treasure - $3,200/month

French doors, recessed lighting and a dining area are among the highlights in this charming three-bedroom, one-bathroom. The cherry on top? A stunning view of the Freedom Tower. 318 Prospect Avenue, Brooklyn.

 

Listed by CORE - Contact Katie Flahive (212-612-9667).

Live Famously: Celeb Real Estate on the NYC Market

am New YorkNovember 02, 2015

The stars love livin' in the Big Apple.

 

New York has more celebrity-owned real estate than any other city in the United States, with Los Angeles trailing closely behind, real estate experts told us.

 

But instead of contributing to the city's expensive market, our sources said that New Yorkers generally aren't willing to pay more just because digs were owned by a star.

 

"The star watchers reading their People magazine, they're not in [the real estate] market," noted Jonathan Miller, president and CEO of the real estate appraisal and consulting firm Miller Samuel.

 

Even an apartment formerly owned by someone like Babe Ruth doesn't increase a premium, Samuel said.

 

"If there's a story ... it's unique and people want a little piece of history, but there's no evidence that it translates into actual dollars," he said.

 

Some celebrity pads have a price tag as big as $14 million while other big-name stars add landlord to their resume and charge monthly rents in the five figures.

 

Citi Habitats president Gary Malin added that a property listed by a celebrity is likely to sell quickly, but agreed that the price has to fit the market.

 

If a property is posted by a celeb, "it draws a lot more attention to it, you ultimately have a better chance of transacting quicker," Malin said. "But when the day is done, everything's always a matter of price, and unless you're some star-struck fan who doesn't care about money, you're not going to overpay for an apartment just because a celeb lived there."

 

For those of you who do want to take a bite out of pop-culture history, here are 10 celebrity homes currently on the NYC real estate market:

 

1 W. 72nd St.

Roberta Flack, the original singer of the classic "Killing Me Softly with His Song," is selling her two-bedroom, two-bathroom apartment in the historic Dakota at 1 W. 72nd St. for $9.5 million. The historic residence features two wood-burning fireplaces, 12-foot ceilings and original fixtures.

 

1 CPS

Suze Orman, financial guru and TV host, listed her one-bedroom condo at 1 Central Park South for $4.5 million. The author of "The Courage to be Rich" is flipping the apartment for a nearly $1 million profit. Orman bought the property in 2007, and spent a year renovating it with her wife, Kathy Travis, according to a source at the listings site StreetEasy. The condo boasts two marble bathrooms, hardwood floors and custom cabinets.

 

40 Mercer St.

"The boy who lived" is renting his two-bedroom apartment in SoHo. With a wave of your wand, and $19,000 a month, Daniel Radcliffe's apartment at 40 Mercer could be yours. The 18,000-square-foot pad boasts 2 1/2 bathrooms, elevated ceilings and an oversized bathtub -- perfect for relaxing in after a long day of wizardry.

 

50 CPW

Amy Irving, the famed recipient of $100 million from a divorce settlement with her first husband Steven Spielberg, is selling her gigantic apartment in The Prasada at 50 Central Park West. The apartment is 3,200 square feet, has five bedrooms and four bathrooms, as well as two fireplaces and beautiful views of NYC. The pre-war stunner is going for $11.5 million.

 

252 Seventh Ave.

Ever wish you could cook dinner in a kitchen designed by a professional chef? Bobby Flay, the Food Network personality, is selling the penthouse he shared with his now ex-wife, "Law & Order" actress Stephanie March. The duplex, which combines the eighth and ninth floors of Chelsea Mercantile at 252 Seventh Ave., is going for a little less than $8 million. Perks include a private, planted terrace and several walk-in closets.

 

33 Riverside Drive

Songwriting enthusiasts with a few million bucks lying around will be pleased to know Ira Gershwin's Upper West Side penthouse apartment is on the market. For the paltry sum of $6 million, the lucky new owner will be able to shout-sing "S'wonderful" from the apartment's huge wraparound terrace. The penthouse at 33 Riverside Drive has three bedrooms and 3 1/2 bathrooms, as well as a traditional dining room and foyer.

 

250 Mercer St.

Jessica Chastain is renting her West Village duplex apartment for $11,500 a month. She purchased the pad at 250 Mercer St. in 2012 for $1.2 million. It has two bedrooms and two bathrooms, as well as elevated ceilings and a chef's kitchen, and comes fully furnished. Chastain is ditching her downtown digs for a 3,200-square-foot co-op across from Carnegie Hall, which used to belong to famed conductor Leonard Bernstein.

 

112 Waverly Place

The five-story house at 112 Waverly Place, in the heart of the West Village, is on the market for a cool $14.9 million. The townhouse, where Johnny Depp and Kate Moss resided in the '90s, was built in 1826, and includes an 1,800-square-foot carriage house. The house boasts four separate units: the two-bedroom carriage house, a penthouse duplex that comes with a private roof deck, a garden duplex and a fourth, 925-square-foot apartment on the second floor. If cooking is not your thing, Mario Batali's famed restaurant Babbo is right next door.

 

374 Broome St.

Power couple John Legend and Chrissy Teigen are selling their one-bedroom apartment in the Brewster Carriage House at 374 Broome St. for $4.5 million. The "All of Me" singer and his supermodel partner are looking to upgrade to a bigger place with a baby on the way, leaving their gorgeously decorated pad behind. The NoLita pad features two bathrooms, reclaimed wood and a gas fireplace.

 

345 W. 88th St.

Baseball fans rejoice -- Babe Ruth's former Upper West Side apartment is on the market for $1.6 million. Ruth turned the whole seventh floor of 345 W. 88th St. into a 10-room pad when he lived there from 1929 to 1940, but the apartment was split into two units after he left. Apartment 7B is a bright two-bedroom, three-bathroom with a large chef's kitchen, elevated ceilings and oak flooring.

Celebrity Apartments on the Market in NYC

am New YorkNovember 02, 2015

High-profile celebrities are putting their New York City homes on the market.

 

You can rent Jessica Chastain's West Village apartment for about $11,500 per month. Or, buy John Legend and Chrissy Teigen's one-bedroom apartment in the Brewster Carriage House for $4.5 million.

 

Scroll through to see five celebrity homes on the market in New York City.

 

John Legend and Chrissy Teigen

John Legend and Chrissy Teigen are selling their one-bedroom apartment in the Brewster Carriage House at 374 Broome St. for $4.5 million.

 

Roberta Flack

Roberta Flack is selling her two-bedroom, two-bathroom apartment in the Dakota at 1 W. 72nd St. for $9.5 million.

 

Jessica Chastain

Jessica Chastain is renting her West Village duplex apartment at 250 Mercer St. for $11,500 a month.

 

Suze Orman

Suze Orman listed her one-bedroom condo at 1 Central Park South for $4.5 million.

 

Bobby Flay

Bobby Flay is selling his penthouse duplex in the Chelsea Mercantile at 252 Seventh Ave. for just under $8 million.

Alex Cohen: Licensed Real Estate Salesperson & Lead, Commercial Specialist at CORE

The Native SocietyNovember 01, 2015

Bio:

Educated at Yale and Princeton and an innovative leader in New York's real estate community, Alex Cohen develops strategy, advises, manages and analyzes commercial office, retail and mixed used acquisition and lease transactions for tenants, landlords and investors.

 

With a background in urban planning, Alex has 15 years of commercial real estate transaction negotiation, totaling ten million square feet. Alex has both extensive experience in launching international brands in the U.S. and a deep expertise in the marketing and repositioning of mixed use real estate. Alex’s unique perspective allows him to identify markets, buildings and plan space configurations with the potential to attract and retain talent to drive business growth. He develops branded office building environments that incorporate important new technologies and establish flexible, activity-based occupancies critical to the "Workplace of the Future".

 

Alex resides in Midtown Manhattan, one block from Central Park, and often spends his weekends in the Hamptons with his family and Golden Retriever, Lapo.

 

What do you do best? 

Listen.    

 

What makes you the best?

Technology and tastes are disrupting traditional office and retail siting and configurations.  I understand these trends and can best advise business owners and landlord on real estate strategies to achieve their goals in this environment.

 

Biggest success?  

I negotiated on behalf of Unilever a Tribeca "co-creation" office hub to develop new products and marketing strategies, which was as much about securing a space that could maximize team building and innovation, as it was about demonstrating to millennials the Englewood Cliffs, NJ -based firm was hip to the desirability of a trendy, urban office location.

 

What are your aspirations?  

Personal: Continue to build my personal network of loyal and caring friends.

Business: I aspire to be the go-to advisor for business and landlords looking to create the work place and retail space of the future.

 

Most challenging moment?

Day I learned I was battling a life threatening illness.

 

Favorite Motto:

There is only one thing in life worse than being talked about, and that is not being talked about.  (Oscar Wilde)

 

Favorite People:

Ruth Bader Ginsburg, Philippe Petit, Amy Schumer

 

Favorite Places:

Hamptons, Punta Del Este, Miami, Whistler

 

Favorite Products: 

Dirk Bikkembergs (clothes), Tom Dixon (fixtures), Knoll (furniture)

 

Current Passions:

Stories by Clarice Lispector, architecture by Zaha Hadid, Workplaces of the Future

Billionaire Soros’ Daughter Sells W. Village Townhouse for $20M

Real Estate WeeklyOctober 29, 2015

The daughter of billionaire business magnate George Soros just sold her West Village townhouse for $20 million, after listing it for $23.95 million, according to city records filed today.

 

The five-story, 21-room home, at 10 W. 10th Street, was first purchased by Anna Soros Colombel in 2006 for $11.5 million. The home was renovated by Colombel and her husband, and has 7 bedrooms, 8 bathrooms, and a total of 8,472 s/f. The couple previously had put the home on the market in 2012 and 2013.

 

Built in 1844, the 26-foot wide Federal Townhouse includes an elevator, and “soaring ceilings and grand scale rooms with multiple outdoor spaces and several dining areas,” according to the listing.

 

Shaun Osher and Emily Beare of CORE had the listing.

 

The buyer is listed as 10 West 10th Street Associates LLC and 10 Greenwich Village Associates LLC.

George Soros’ Daughter Sells Greenwich Village Townhouse for $20M

New York ObserverOctober 29, 2015

It looks like the entire extended Soros family is ditching the townhouse life.

 

When you’re the daughter of billionaire George Soros, it’s difficult to imagine needing to augment your inheritance in any way. But philanthropist Andrea Soros Colombel has done just that, selling her 8,500-square-foot Greenwich Village townhouse for exactly $20 million, nearly doubling her money.

 

The billionaire investor’s daughter and her husband, Eric Colombel, purchased the townhouse at 10 West 10th Street in 2006, paying a then-record $11.5 million. The 26-foot-wide home has since undergone a quite beautifully executed renovation; CORE’s Shaun Osher previously told the Times that the couple redid the garden-level kitchen and an “opulent paneled library/den.”

 

The new owners of the 21-room Greek Revival townhouse are 10 West 10th Street Associates, LLC and 10 Greenwich Village Associates, LLC, per public record. Not giving us too much to work with here—a Kristen Koenigsbauer of Pennsylvania signed the paperwork.

 

Other highlights of the seven-bedroom, eight-bath abode include at least two terraces, three wood-burning fireplaces, an elevator, and a full fitness center with a ballet barre, as well as a sauna and steam shower.

 

In 2014, when it asking $24.75 million, Mr. Osher, who shared the listing with Emily Beare, said that “it’s back on the market, but it’s not like they have to sell it…I priced this to sell, but not to give it away.”

 

Well, it wasn’t exactly given away, but from the original price tag attached in 2012 of nearly $30 million, the asking price did get quite a haircut. And at least the Soros-Colombels don’t need the extra $10 million to make ends meet.

A $20M Horse Farm and 10 Other Luxurious Properties On The Market Now

New York PostOctober 28, 2015

$15 MILLION, 243 EAST 17TH STREET

 

The Italians and Brits haven’t always gotten along so great (see: Henry VIII, World War II, World Cup 2014, et al.). But the two nations put all that ugliness behind them to meld together and stylize this 28-foot-wide Anglo-Italianate townhouse at Stuyvesant Square Park.

 

SPECS AND THE CITY: 6,494 square feet, five bedrooms, six bathrooms, Gramercy

 

PERKS: A three-bay facade, five stories, 16-foot ceilings on the parlor floor, a “grand winding” staircase, five fireplaces, arched doorways, skylights and original moldings, Clive Christian eat-in kitchen with limestone countertops, “high-end” appliances, a separate office, direct access to the “charming” garden, and a master bedroom with private terrace.

 

WHAT’S THE CATCH? The music room could encourage you or yours to get the old band back together.

 

THE X-FACTOR: A cast-iron balcony running “the width of the edifice” will tempt you to pretend like you’re the pope addressing Saint Peter’s Square.

 

CONTACT: Emily Beare and Patrick V. Lilly, Core, 212-726-0786 and 212-612-9681

 


$15.99 MILLION, 9½ JANE STREET

 

It’s not often one can claim to live on a street named for a beloved “Melrose Place” character, but this move-in-ready townhouse lets you do just that. OK, that’s a lie, but it’s still fun to claim.

 

SPECS AND THE CITY: 3,500 square feet, three bedrooms, 2½ bathrooms, West Village

 

PERKS: Garden level features an open kitchen and floor-to-ceiling windows, while the first level is a “gracious” parlor floor with a formal living room, the second floor has a “well-sized” master bedroom suite, the third floor has an office and private fitness room, and atop the house sits a “captivating” planted rooftop terrace.

 

WHAT’S THE CATCH? You have a “½” in your address — God only knows who’ll get the other half of your mail.

 

THE X-FACTOR: This historic home combines “the charm and character found in an 1800s” home, without the cholera!

 

CONTACT: Jim St. Andre, Core, 212-612-9602

New Yorkers Have Real Estate Superstitions? You Bet!

StreetEasy BlogOctober 28, 2015

As if it’s not tough enough to find the right property in New York City, given the absurdly fractional vacancy rates, lack of inventory, skyrocketing valuations and “American Ninja”-type competition among stark-raving buyers. For some home hunters, however, there’s an additional consideration that must be taken into the already-difficult equation: Superstition.

 

“It’s all about the culture, right? There are things you know and things you don’t know,’’  said Douglas Elliman broker Jacky Teplitzky, who has seen all kinds of superstitious buyers and sellers.

 

“For example, there were buyers from Latin America (Brazil) who are very sophisticated and very rich. They are looking at (my client’s) apartment that they love on the Upper East Side. The wife says, ‘there’s a problem.’ The way the master bed is positioned, your feet are facing the window. That is bad luck if your feet face the window. So we wonder, ‘Is there another way to position the bed in the room?’ No – it’s not feasible. So we bring in an interior designer to create a built-in unit so the bed would be floating and it was designed so the feet would not face the window,’’ Teplitzky said.

 

Teplitzky spent a lot of time and effort to make it work, but this example is just the tip of the iceberg when it comes to buyer and seller superstitions in NYC real estate.

 

Feng Shui Experts

 

For example, some buyers are so adamant about the way rooms or apartments face, or the way doors or windows are positioned, that they sometimes refuse to buy property that they otherwise love.

 

“I had a buyer just this week who brought in her Feng Shui consultant and the bed was on the same wall as the door. The consultant looked in and said, ‘No, no no!’ and there goes the deal. It’s a very real thing,’’ said Frances Katzen of Douglas Elliman.

 

Deanna Kory of The Corcoran Group said sometimes sellers get impatient if their home is not selling as quickly as they would like and will resort to a practice called “smudging,” which involves bringing in a Feng Shui expert.

 

“They will do things to the apartment to enhance the energy flow. Perhaps it is burning sage, but it could also be a ‘salt water cure,’’ Kory said, adding: “I have seen new homeowners do an energy cleansing to erase the energy of the previous owner, too. These are ‘New Agey’ things, but they do happen,’’ she said.


Numerology

 

A large part of the superstition game in real estate centers around numbers. For instance, in Chinese culture, the number 8 is considered lucky. It’s not only because the “8” is seen as the symbol for infinity, but because the word “eight” is associated with wealth, prosperity and power.

 

That means some buyers are especially eager to have an address with the No. 8 in it, or are compelled to write purchase offers that include the No. 8, just as some superstitious sellers will list a property with the “8” in the price. Conversely, the number 4 is considered unlucky in Chinese culture because it sounds like the Chinese word for death.

 

“People will offer a certain number (for a listing) because they feel it will bring them good luck. Or the final sold number. They are ridiculous numbers that don’t make sense,” said Katzen.

 

CORE’s Patrick Lilly of the Patrick Lilly Team said his Chinese buyers will not look at 4E, 444 East or anything with a 4. “But, on the other hand, 8’s are a favorite,’’ Lilly said.

 

Karin Dauch of Core NYC agreed. One of her buyers wanted to avoid the 4th floor or a street number or building number where “four” is prominent.

 

Same thing with the No. 13 and the No. 7. Plenty of buildings in New York skip over the 13th floor entirely to eliminate the possibility that anyone would get spooked by seeing the number in the building, let alone have to consider living on that floor, or unit. This is in spite of the fact that research has shown that most people don’t really believe the No. 13 is unlucky. Still, only about 5 percent of NYC condos have a 13th floor.

 

As for how far some buyers will go? Deanna Kory was all ready to close on a property when her buyer made a big request: Secure a phone number with some very specific combinations.

 

“The buyer was about to close and lived out of town. The number had to have some combination of the numbers 6,8,1,3 and 2. And this client said having the number 1 ‘enhances’ the number behind it. Like, ‘18.’ She said she wanted an ‘auspicious’ phone number,’’ Kory said, adding that she worked directly with the phone company and got three phone numbers for her client to consider.

 

“She chose one that was an ‘omen for living,'" Kory said.

 

Stigmas

 

For sellers of more suburban properties, there’s a tradition of burying a statue of St. Joseph in the yard. As the patron saint of real estate, St. Joe has been called upon many times to help prime buyers into bringing in offers.


There are other kinds of factors that keep people from being able to buy into a certain place. This is what’s called stigmatized properties, and that can certainly include residences where a person has died. It is an unpleasant truth about real estate, since properties did belong to previous owners or residents. Whether someone died or committed suicide in a place is something that some buyers will, indeed, ask about.

 

Teplitzky said that in one transaction, a buyer became very nervous about closing on a property because they were under the impression that the previous owner had passed away there. It took a lot of research, documentation and reassurance to show the buyer that the previous owner had died in the hospital, not at home.

 

But there are other more personal predilections that real estate agents must contend with. Natalie Rakowski of Core NYC had a very unique experience with a stigmatized property. A client wouldn’t buy a certain building because it had once been a police station.

 

Looks like it’s not just numbers, ghosts or cultural influences that feed into real estate superstitions.

How Much For a Quirky Hell's Kitchen 1BR With a Sleeping Loft?

CurbedOctober 28, 2015

Martin Eiden and Shawn Wilson's listing was featured in Curbed's "Price Spotter" section.

 

What/Where: 1BR/1BA co-op in Hell's Kitchen


Square Footage: 1,000


Maintenance/CC: $1,565

 

Well, this is one of the quirkier listings we've seen recently. The one-bedroom co-op, located in a building between Ninth and Tenth Avenues, is rather roomy, but the "bedroom" is a sleeping loft. It's accessed via a staircase and perched above a decent-sized storage closet, which means whoever buys this place has the opportunity to create a Harry Potter-esque room beneath a staircase. The kitchen is outfitted with blonde wood cabinets and new-ish appliances, and the living space is expansive, with 11-foot ceilings. So now, the real question: How much do you think this is going for?

Top Resi Brokerages by Closed Deals: Video

The Real DealOctober 28, 2015

The Real Deal broke down which brokerages moved hte most properties during a 12-month period ending on March 31, 2015. CORE is included in the round-up.

 

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