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!”
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]
Brokers WeeklyFebruary 20, 2013
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
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.
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.”
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.
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.”
Modern NYCFebruary 15, 2013
305 East 85th Street, 4A
3 beds // 3.1 baths
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.
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 Streeteasy.com 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.
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.
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
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
BrownstonerFebruary 06, 2013
The first three resales at Williamsburg’s 2 Northside Piers are complete, according to CORE broker Ralph Modica, who is responsible for the sales. The three units are 3W, a 640-square-foot alcove studio, 14D, a 603-square-foot alcove studio, and 10B, a 813-square-foot one bedroom with office. Unit 3W was the building’s first ever resale; it sold for $532,500, 20 percent more than the original purchase. Then came 14D, selling at $590,000. Finally, 10B went for $725,000. The unit initially sold for $575,311 in 2010. (The building’s final sponsor sale, Unit 26P, came fourth in line.) Can’t say these numbers are surprising considering how quickly Williamsburg’s luxury market is growing. Above, a photo of unit 3W. See photos of 14D after the jump.
Brick UndergroundFebruary 04, 2013
Who doesn't want to avoid a board interview? If you can't afford to buy a condo, then you might want to keep your eyes peeled for sponsor co-op apartments, two of which commanded a top spot on this weekend's Open House Scorecard -- the 10 open houses StreetEasy users saved to their open-house planners more often than any others this weekend.
A two-bedroom, two-bathroom co-op on 86th Street and West End Avenue on the Upper West Side is a sponsor unit on the market for $1.125m. That means you won’t need board approval before you can move into the prewar unit, which has southern exposures for natural light, a w/d hookup, a new windowed kitchen and renovated and windowed bathrooms. T It’s a block from the subway and crosstown bus and there’s a live-in super, but the doorman only works from 8 a.m. through midnight. Note: This one has been on the market for almost three months (with the price recently reduced by $75,000) so there may be a catch or two that's not obvious from the listing.
Over in Brooklyn Heights on a cul-de-sac on Grace Court and Furman Street, $629k is enough to get you a two-bedroom, one-bath co-op (no board approval necessary!). The full-service building has a doorman, live-in super and a common roof deck. But the unit itself requires some renovation, so you'll need to have your contractor in tow.
Though it’s not a sponsor unit, you might brave a board interview to move into a $1.15m two-bedroom, two-bathroom co-op for which the seller will pay the flip tax. Located on West End Avenue and 103rd Street, the prewar apartment is in its original condition and features high ceilings, oversized framed archways, detailed moldings, French doors, a fireplace mantel and herringbone floors. The eat-in kitchen is windowed, and the maid’s room with a private bath can also serve as a bedroom or home office. The second bedroom can function as a den or dining room.
For more sponsor units (or any other kind of apartment), check out the rest of the Scorecard below.
1. 132 Prospect Place—2-bed co-op, $519k
2. 349 West 21st Street—2-bed co-op, $1.095m
3. 54 East 8th Street—2-bed co-op, $675k
4. 215 Park Place—2-bed condo, $800k
5. 61 Horatio Street—1-bed co-op, $749k
6. 305 West 86th Street—2-bed co-op, $1.125m
7. 370 9th Street—2-bed co-op, $865k
8. 2 Grace Court—2-bed co-op, $629k
9. 2 Fifth Avenue—1-bed co-op, $895k
10. 885 West End Avenue—2-bed co-op, $1.15m
Brick UndergroundFebruary 01, 2013
Pied-a-terres are welcome in this $875k two-bedroom, one-bathroom co-op in Chelsea, which features two skylights, wall-mounted Bose speakers and a multi-zone, ductless central a/c system.
If you’re looking for a part-time residence, or a place for which you can get a little help in the payment department, you might take notes on this edition of StreetEasy’s Most Wanted -- the 10 sales listings StreetEasy users saved more often than any others this week -- since it features apartments that allow pied-a-terres, co-purchasing, sublets and more.
In Chelsea on 23rd and Ninth Avenue, a sweet-looking $875k two-bedroom, one-bathroom prewar co-op allows pied-a-terres. It features new double-hung 12-pane windows and two skylights. The renovated kitchen is equipped with Miele and Gaggennau appliances and a W/D. There's also a multi-zone, ductless central a/c system and wall-mounted Bose speakers. The hardwood floors have been refinished. The catch: It's a 4th floor walkup.
A $575k two-bedroom, one-bathroom co-op on 78th and Third Avenue on the Upper East Side is open to pied-a-terres, guarantors, parents buying for children and sublets. (Pets are welcome too!). The corner unit has a wood-burning fireplace and high ceilings, along
with copious window bars and a short supply of natural light. On the major plus side, an in-unit washer-dryer is permitted, and maintenance includes all utilities, such as gas and electric. The full service building offers a 24-hour doorman.
Pied-a-terres and co-purchasers are encouraged for a one-bedroom, one-bathroom condop on the market for $599k. This north-facing apartment on Ninth Street between Fifth and Sixth Avenues offers views of the tree-lined street and is less than a minute from Washington Square Park. The bathroom is brand new.
For more apartments that allow pied-a-terres, co-purchasing, guarantors and the like, browse the rest of the Most Wanted below.
1. 12 West 9th Street—1-bed condop, $599k
2. 26 Butler Place—2-bed condo, $579k
3. 529 Clinton Street—2-bed condo, $699k
4. 30 Fifth Avenue—1-bed co-op, $925k
5. 190 Garfield Place—2-bed condo, $749k
6. 356 West 23rd Street—2-bed co-op, $875k
7. 215 Park Place—2-bed condo, $800k
8. 205 East 77th Street—2-bed co-op, $1.1m
9. 205 East 78th Street—2-bed co-op, $575k
10. 115 East 9th Street—2-bed co-op, $1.1m
SceneFebruary 01, 2013
I'm a broker's broker - first and foremost - which gives me a unique perspective as the owner of CORE. As one of the top agents in NYC, I founded CORE as an extension of my business and ideology, which is to thrive on a transparent environment where we share ideas and information seamlessly. By eliminating hierarchies found in large organizations, we communicate in a manner that not only encourages us to grow, but also enables us to provide the highest level of service to our clients.
A fact that some people may not know about our firm is that we find inspiration from innovators and brands outside of real estate that are relevant to the world we live in. With this as an integral part of our culture, we can pioneer new initiatives that help the real estate industry evolve. CORE is a marketing firm that sells real estate, and we have built our resources around this model. We express this through everything we implement, from our agents, website and offices, to our use of social media, blogging and video content.
Our firm continues to grow organically, and I’m excited to expand our business to further service our clients on the Upper East Side with an office on Madison Avenue and 61st Street which will open in the spring of 2013.
2006: CORE is founded and opens its retail storefront in Chelsea.
2007: CORE releases the Real Time Report, the first monthly market report of its kind.
2008: The first NYC real estate brokerage blog, the CORE Blog, is introduced.
2010: HGTV’s Selling New York airs its first season, starring various CORE brokers.
2011: CORE implements the first proprietary listing system with StreetEasy.
2012: The Real Deal ranks CORE as the #1 boutique real estate brokerage in New York City
2013: CORE is set to open its Upper East Side office in the spring of 2013.
The New York Times HomesFebruary 01, 2013
From Harlem to TriBeCa to the Financial Dis trict, new construction and upscale conversions are luring buyers and renters alike to the opposite ends of Manhattan.
Harlem has had its share of renaissances,and one of them is happening now. In 2006, The Lenox, at 380 Malcolm X Boulevard, was Harlem’s first market-rate luxury residential building. Now that the area has weathered the economic storm, prices at the Lenox, known for its high-end finishes, 24-hour fitness center, indoor parking, 24-hour doorman and concierge, have climbed back to nearly $700 per square foot — up from around $500 two years ago.
A three-bedroom penthouse triplex with great views, 11-foot ceilings and a private rooftop terrace should move quickly at $1,725,000, said Leila Yusuf, associate broker with Stribling & Associates. “The increased prices shows the demand for quality here,” she said. “The restaurant scene nearby has followed the rebound, and we’ve seen a lot of diversity in our buyers. Many of them are upgrading from one- to two-bedrooms, and are being priced out of the Upper East and Upper West Sides. They are choosing to move 20 blocks up, and get more space.”
One of Harlem’s most luxurious buildings, at 1280 Fifth Avenue, is close to 50 percent sold. One Museum Mile, as the building above the soon-to-open Museum of African Art is known, is one of ten major cultural institutions running south along the park to the Guggenheim Museum. Said Tom Postilio, director of sales for 1280 Fifth Avenue, “At the end of the day, people are moving in here because of the park itself, the cachet of Fifth Avenue and Robert A. M. Stern’s striking contribution to New York architecture in this brand-new luxury condominium with a pool on the roof.”
Studios there start at $725,000, and prices range up to more than $6 million for a 3,500-square-foot combination unit on the 12th floor. “Sitting at the north tip of the park, the building has a magnificent roof deck overlooking the San Remo, Dakota the Empire State building and the entire skyline of Central Park
South,” added Postilio. “And that park view will not change any time soon.”
Downtown, 88 Franklin, just east of Church Street in the TriBeCa East Historic District, is a fully renovated full-floor, doublewide residential loft in a recently converted cast-iron, sixfloor condominium building. The $7,995,000 list price for the third-floor unit includes 50 feet of arched, southern facing windows. “A 50-foot-wide building is rare for even TriBeCa — and this place is very open and elegant at the same time,” said Daniel Hedaya, president of Platinum Properties. “Even though it is in heart of Downtown, it has a broad suburban appeal to it: everything is big and sprawling. You can play soccer in the halls there. It is perfect for a growing family that doesn’t want to move to the suburbs to grow.”
New York PostJanuary 31, 2013
Flatiron $1.995 million
Bedrooms: 2 Bathrooms: 2 Square feet: 1,282
Common charges: $1,285
Built in 1906, now a “full-service” boutique condo, this East 21st Street building houses this “exceptional” and “lofty” home features 11-foot ceilings and “airy, intimate” spaces, along with “rich” African oak floors and lighting by Jonathan Adler. Agents: Tom Postilio and Mickey Conlon, Core, 212-726-0783 and 212-612-9623
Market Ready: Adding Value with a Washer and Dryer
The New York TimesJanuary 30, 2013
Brokers WeeklyJanuary 30, 2013
BungaluxJanuary 28, 2013
Long before there were iPhone photos, Flickr, Instagram, Facebook photo tagging and even the digital camera there were … the photographers.
And by photographers we’re not talking about your friends who Samsung Galaxy-shoot grainy pics of late nights out for their blogs. (That’s the subject of a future editorial piece.) Instead, by “photographers” we’re referring to the big boys who sat in the studio
with actresses and supermodels and carried around heavy cameras and proper lighting.
We admit we’re still longing for those glamorous days, which is why this phenomenal Upper East townhouse caught our eye. The space was formerly owned by iconic fashion and portrait photographer Richard Avedon, the A+ list photographer who was inspiration for the lead character played by Fred Astaire in Funny Face and who shot many of the seminal photos of his day. Avedon used one level of the house as his studios and darkroom; the likes of Elizabeth Taylor, Truman Capote, Allen Ginsberg, Hillary Clinton, and countless others walked through these doors for their "Say Cheese" moments. For those of you photographers out there the studios remain ripe for the shooting. Despite the home's rumored $2 million remodel, the former owner wisely chose to leave the studios and darkroom untouched.
In addition to that pretty unusual and incredible feature, the carriage house-turned-townhouse has 8,500 square feet of living space, an outdoor entertaining garden, 6 bedrooms, 9 baths, and stunning architectural details throughout. We've included a carousal of photos above.
Oh, and one other point: The townhouse was also formerly owned by Olivier Sarkozy, who is lesser-known as a relation to some political figure in France and more-known as the boyfriend of Mary-Kate Olsen … who, herself, is extremely, extremely photogenic. So there you have it. Good photo energy all around this one.
Our advice? Point, click, and shoot … the Manhattan market's piping hot, so don't wait 'til it's gone.
For more information on this listing please contact Emily Beare and/or Elizabeth Beare at the CORE Group. Emily can be reached at 212-726-0786 and Elizabeth can be reached at 212-612-9696.
New York PostJanuary 24, 2013
Chelsea $1.095 million
Bedrooms: 2 Bathrooms: 1 ½ Square Feet: 1,100
Featuring an “open” floor plan across two levels on the fourth and fifth floors, this duplex co-op on West 29th Street offers garden and skyline views on the main level, along with a woodburning fireplace and corner kitchen. Both of the bedrooms and a “newly renovated” bathroom are upstairs. Agent: Ryan Fitzpatrick, CORE, 212-500-2112
Brokers WeeklyJanuary 23, 2013