Archive for February, 2010
Daniel Boulud and David Bouley cook up some Manhattan Real Estate
Manhattan Real Estate: Celebrity Chefs Two Manhattan chefs are looking to stir up their real estate recipe: According to The Real Deal, there is “a bunch of evidence” that a 610 Park Avenue condo on the market for $6.5 million belongs to French restauranteur Daniel Boulud, and the New York Post is reporting several courses [...]
Midtown Manhattan Real Estate: Hell in Hell’s Kitchen
The fourth-quarter market reports show that Midtown won the trifecta of negative market indicators: sharpest price decreases, most price cuts and most days on market. Why? In a word: speculation. Nobody wants those condos that were turning big profits 5 years ago. The Real Deal quotes Sofia Song, VP of research at StreetEasy: [Around 42nd [...]
Manhattan Real Estate: Apartment Shopping Nighmares
Manhattan Real Estate: Apartment Shopping Apartment shopping is a wild card- sometimes everything is going well, everyone’s getting along, and the place looks nice when- Doh!- something unimaginable happens. Sometimes it’s trivial and hits a nerve for the shoppers, sometimes it’s so glaring it’s like showing up with a shiny zit on your nose. NY [...]
Predicting 2010 Interest Rates and Housing Prices
Last week Bob Tedeschi looked into the Manhattan real estate crystal ball for the New York Times and saw two big things: Mortgage rate on 30 year fixed rate loans rising from the current 5% to maybe 6% by late March and foreclosure homes saturating the market come this summer, keeping prices low. So should you [...]
Bushwick Hipsters and the Brooklyn Trailer Park: A New York Real Estate Story
Can’t afford a Greenwich Village condo? Looking for a place across the bridge? How about a loft? Too fancy? How about a trailer park in a warehouse? Imagine six campers, Wi-Fi- and A/C-equipped, huddled in a former nut factory in Brooklyn, welcoming artists with a communal roof garden. Oh, and shared chickens. Community Cofounder Hayden [...]
Broker Porn: Video Tour of Brooklyn’s Sick Clock Tower Penthouse
Broker porn at its finest. The Clock Tower at One Main Street in Dumbo can be seen from all sides- but imagine what you can see and do from inside… This penthouse has four fifteen-foot clock-face windows, views of the Brooklyn, Manhattan, and Williamsburg bridges, and an elevator. that. changes. everything. Watch this video tour [...]
Dakota Not Telling a Happy West Side Story
The Upper West Side’s historically important and legendary Dakota is timeless, full of history. But Curbed tells another sad west side story of dramatic price drop on Apartment #54 since it went on the market last December. It is a 3 bedroom, 2 ½ bathroom that started, just 2 months ago, $7.5 million. Just 6 [...]
Is There a Curse on DJ AM’s One Kenmore Square Apartment?
Manhattan Real Estate: DJ AM For everyone who loves celeb real estate and scary stories, on a somber note, DJ AM’s (Adam Goldstein) former condo at One Kenmore Square is on the market. Its asking price is $1.795 million- Goldstein paid $1.995 million. In case you are curious, the 1,147 square-foot condo is located in an Andre [...]
Top 10 Most Expensive 2009 Hamptons Sales
Top 10 Most Expensive 2009 Hamptons Sales A report came out this week from Town & Country with the 2009 Top 10 most expensive homes sold in the Hamptons. I know how everyone loves luxurious pads and top 10 lists so here we go… The most expensive sale, a Southampton Village property that went for $25,895,000, would have [...]
Manhattan Real Estate: Ten Year Market Report
Yesterday’s Ten Year Manhattan Market report from Prudential Douglas Elliman in conjunction with Miller Samuel is a breath of fresh air. Not to be insensitive but it frames the housing conversation and begs me to shout out to as many people that will listen, “Quit your whining!” Housing prices have doubled with an average price [...]