News

IGI USA Announces the Acquisition of 93 Worth Street

October 03, 2011
NEW YORK, N.Y. (October 3, 2011) – Izaki Group Investments USA (IGI USA) is pleased to announce that its subsidiary has closed on the acquisition of 93 Worth Street, a coveted residential asset in New York City.

IGI plans to complete a major renovation and restoration of the building at 93 Worth Street, creating a high-end condominium with CORE serving as the exclusive sales and marketing agency, and ODA-Architecture as the project architect. The 175,000-square foot building will be a modern luxury condominium with a total of 96 units, in addition to numerous lifestyle-enhancing amenities such as a 24/7 doorman, a gym, a children’s playroom, a lounge and a 3,845-square foot roof top. In addition to the residential living space, the property will offer approximately 10,000-square feet of commercial/retail space. Built in 1924, the building at 93 Worth Street historically served as one of TriBeCa’s garment factories and was used as an office building over the past five decades.

“We are delighted to close on 93 Worth Street,” states Eldad Blaustein, the CEO of IGI-USA. “This deal is indicative of IGI’s positive outlook on the New York City real estate market. Condo inventory in New York City is diminishing and pre-war buildings are scarce. We are confident that we will provide an upscale condo conversion with appealing amenities to TriBeCa, where there is a huge lack of inventory.”

Located on Worth Street, between Broadway and Church Street, the building is in a prime TriBeCa location. Savvy buyers will be able to seize upon the prospect of living in a new home as early as Spring 2013.

About IGI USA
Founded more than 60 years ago in Israel, IGI USA is a fully integrated New York City-based real estate company. While the IGI primary investments are in conversion and new residential real estate development, IGI is looking to invest in Manhattan multi-family real estate where the firm has expertise. For more information about IGI-USA please visit www.IGI-US.com.

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Development Updates

The Real DealOctober 01, 2011

Top Residential Agents of The Week

The Real DealSeptember 30, 2011

Legend Lists East Village Condo for $2.95M

The Real DealSeptember 29, 2011

Grammy Award-winning singer John Legend has listed his East Village condominium, at 52 East 4th Street and Bowery, for $2.95 million, the New York Post reported.

 

The two-bedroom, two-bathroom apartment is in a 15-story building with 18 units, a landscaped roof deck, a swimming pool and interiors by Andres Escobar. The 1,359-square-foot condo has 14-foot ceilings, as well as a private elevator landing.

 

Legend, who shared the apartment with long-term girlfriend Christine Teigen, is ready to upgrade, the Post said. He purchased the apartment for $1.9 million in 2009.

 

Prudential Douglas Elliman broker Jason Walker has the listing. It seems Legend likes working with Walker; the Elliman broker also helped sell his previous East Village pad.

CORE and StreetEasy Partner to Launch "CORE Control" to Revolutionize the New York City Real Estate Listing System

September 27, 2011
NEW YORK, N.Y. (September 27, 2011) – CORE is pleased to announce the release of CORE Control, the first listing and client management platform built in collaboration with StreetEasy, New York’s most widely-used real estate website. Unlike any system currently on the market, CORE Control is client-driven with tools that will increase listing openness while adding an important new dimension to client communications.

StreetEasy’s commitment to full disclosure and transparency in real estate information is built into CORE Control’s client features. CORE Control will streamline processes and benefit both consumers and agents alike with improved listings, search functionality and client management tools:

Listings
o Listings entered in CORE Control will be immediately displayed on the CORE and StreetEasy websites, and will soon after be fed to all major brokerages, listing and distribution services locally and nationally.
o CORE agents will have access to broker-only information on listings, such as commissions, listing expiration dates and CORE agent private notes.
o Agents have the ability to manage internal listings that aren't shown to the public.
o CORE Control offers agents the ability to link press coverage to their properties, as well as other relevant documents (such as exclusive agreements) for internal use.
o CORE Control offers the ability to create CORE-designed marketing materials in a clean and attractive format directly from StreetEasy.

Search Functionality
o CORE Control gives our agents the ability to search through listings from nearly every NYC brokerage, as well as listings from management companies, landlords and individual owners.
o CORE Control will generate branded comparable reports to help in property valuation and educated pricing.
o Agents will get daily updates for all new CORE listings and open houses as well as the ability to get updates for listings from any other source.

Client Management
o CORE Control offers the ability to collaborate with clients on listings, buildings and searches matching their desired criteria through the StreetEasy "Folders" interface. Clients and agents alike can show what they liked/disliked about listings and coordinate visits to different properties.
o Clients are also able to interact with agents, using the StreetEasy "Folders" interface, to show what they liked/disliked about listings and coordinate visits to different properties.
o Both agents and clients can receive email updates on price changes and new listings fitting their criteria so they are always informed about the market.
o CORE Control customizes printouts for listings of interest, with private notes, comments and listing details.

"CORE was the first brokerage to adopt StreetEasy when they began four years ago, and even then we recognized the similarities in our business approaches – we’re both small, nimble, forward-thinking companies. For those reasons, StreetEasy was the only company we considered partnering with to build this system. They fully understand the evolution of the real estate business ad how vital transparency is to the process,” says Shaun Osher, CEO of CORE. “CORE Control provides a tremendous advantage to our clients and agents in the way it streamlines their communication. It is far superior to anything currently in the marketplace. More importantly, the consumer has made StreetEasy their listing system with its transparent, user-friendly experience, and in my opinion it’s the best system available in New York City – so why not provide our clients with the best?”

“It is clear to everyone that the role of the broker is changing; it’s about service now. Consumers can access much more thorough information and often play a very active role in their searches. CORE was one of the first companies to provide full access to StreetEasy for all of their agents more than two years ago, so it was no surprise that they were ready to take the next important step to enable their agents to engage consumers in a very modern and open way,” says StreetEasy CEO Michael Smith.

About CORE

CORE is a real estate sales and marketing firm delivering the best in brokerage, communications and advisory services for the luxury residential segment. In addition, CORE’s elite group of highly experienced and successful professionals service developers who value efficient, no-nonsense results. CORE was founded by Shaun Osher as a full-service boutique firm with a strict adherence to the principles of integrity, efficiency and results. For more information visit www.corenyc.com

About StreetEasy

StreetEasy.com is New York's most accurate and comprehensive real estate website, providing consumers detailed sales and rental information and the tools to manage that information to make educated decisions. The site has become the reference site for consumers, real estate professionals and the media and has been widely credited with bringing transparency to one of the world's most important real estate markets.

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CORE Attracting Top Talent Already This Fall

September 20, 2011
New York, NY – (September 20, 2011) – After a successful summer, where the brokerage achieved stunning sales velocity on new development, reaching 75% sold and in contract at 650 Sixth Avenue, The Cammeyer, and over 50% sold at 305W16, in just 3 months, CORE has also been rapidly attracting top-producing talent. In the past two weeks alone, the brokerage has added four of Manhattan’s most stellar agents.

“We are extremely fortunate to have added these experienced agents to our team. Their keen understanding of our unique business model, company culture, and brand is what attracted them to CORE, and they are as passionate about the evolution of this industry as we are,” said CORE CEO, Shaun Osher. “I'm looking forward to working alongside them to continue building their business and our brand.”

Top agent, Lawrence Rich has seven years in the real estate industry with Prudential Douglas Elliman. Among Lawrence’s notable achievements was selling an incredible 20 multimillion-dollar transactions within his first 14 months as a real estate agent which secured him a top spot in the industry. Also remarkable during the recent market downturn, he sold a $14 million dollar Park Avenue apartment. Another year, he sold three apartments at 310 East 53rd Street in just one day.

“In the short time that I've been at CORE, I am impressed with the individual attention that I have been given to try and develop my business,” notes Rich. “Everyone at the company is easily accessible and eager to help you succeed.”

Coming from Halstead, Ivana Tagliamonte has over a decade of real estate experience and is sought-after for her expertise in the Gramercy neighborhood, as well as in Greenwich Village and the Flatiron District. Renowned for her significant number of loyal clients both domestically and internationally, Ivana is continually sought after as a resource for her insight into each distinct New York City neighborhood. With her thorough knowledge of the Manhattan real estate market and its trends, paired with her excellent communication skills and an innate understanding of the needs of her clients, Ivana prides herself on her ability to develop valued relationships with both buyers and sellers.

“CORE is an innovative firm with a powerful marketing advantage,” says Tagliamonte. “They have tremendous reach and remarkable resources while being small enough to react and adjust to an ever changing NYC market. I’m thrilled to be a part of such a dynamic group of people and trendsetters.”

In addition to Rich and Tagliamonte, twenty-five year industry veteran, Jeffery Smith and international specialist, Jennie Ma, both from Corcoran, are also new recruits to the firm. Smith was a member of Corcoran’s Multi-Million Dollar Club within the first two years of joining the company and was also one of the 25 top brokers in the entire firm during one of his many years there. Ma was a member of the Million Dollar Club and the top rental agent at Corcoran’s Village office for two different months.

“After careful consideration and several interviews, I know that I’ve made the right choice in CORE,” notes Jeffery Smith, Senior Vice President, Associate Broker. “I appreciate the unique professional and positive support that I receive from the firm and an environment can only be found at this exceptional broker’s-minded boutique firm.”

Jennie Ma, Vice President, Associate Broker at CORE says, “I am very excited to be here. It is a wonderful opportunity being a part of this dynamic firm and I look forward to growing my business as I take advantage of all that CORE has to offer.”

About CORE

CORE is a real estate sales and marketing firm that delivers the best in brokerage, communications and advisory services for the luxury residential segment. CORE’s elite group of highly experienced and successful professionals services developers who value efficient, no-nonsense results. CORE was founded by Shaun Osher as a full-service boutique with a national reach and a strict adherence to the principals of integrity, efficiency and results. For more information visit www.corenyc.com.

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The Cammeyer - 75% Sold and in Contract

September 06, 2011
NEW YORK, NY - (September 6, 2011) - The Cammeyer, CORE's exclusive new development at 650 Sixth Avenue, has recently reached over 75% units sold, with even more in contract. Only eleven units remain since CORE quickly sold 30 properties in the building after becoming the exclusive brokerage in March 2010. Prior to CORE's involvement, only 20 of the building's 66 units were sold and in contract by previous brokerages after sales in the building began in May 2007.

After selling out multiple lines in The Cammeyer, CORE is focused on the sale of the remaining studio lofts within the B, C, D and N lines. The spacious studio lofts feature hardwood flooring, ceilings that soar at 10-feet, oversized windows and range in size from 701 to 802-square feet. In addition to the lofts, a corner 3-bedroom and one penthouse with abundant, sun-splashed outdoor space are all that remain in the building.

Built in 1892, The Cammeyer has become one of Manhattan's most distinguished landmarks. Located at 650 Sixth Avenue, in the Ladies' Mile Historic District, the building once housed the world's largest shoe store. In 2007 it was converted into loft residences, with 67 condominium units. In addition to a full-time professional staff including a Resident Manager, and 24-hour concierge, The Cammeyer provides residents with a gym, a private storage room for every unit located on the same floor, and a beautifully planted 3,600-square foot common roof-deck with views of the Empire State Building.

About CORE

CORE is a real estate sales and marketing firm delivering the best in brokerage, communications and advisory services for the luxury residential segment. In addition, CORE's elite group of highly experienced and successful professionals service developers who value efficient, no-nonsense results. CORE was founded by Shaun Osher as a full-service boutique firm with a strict adherence to the principles of integrity, efficiency and results. For more information visit www.corenyc.com.

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