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	<title>Observer &#187; On the Market: UWS Mansion for $50 M.; Karl Lagerfeld Lose $2 M. in Gramercy; Middle Class Manhattan?</title>
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		<title>Observer &#187; On the Market: UWS Mansion for $50 M.; Karl Lagerfeld Lose $2 M. in Gramercy; Middle Class Manhattan?</title>
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		<title>On the Market: UWS Mansion for $50 M.; Karl Lagerfeld Lose $2 M. in Gramercy; Middle Class Manhattan?</title>

		<comments>http://observer.com/2013/01/on-the-market-uws-mansion-for-50-m-karl-lagerfeld-lose-2-m-in-gramercy-middle-class-manhattan/#comments</comments>
		<pubDate>Mon, 21 Jan 2013 09:25:37 -0400</pubDate>
					<link>http://observer.com/2013/01/on-the-market-uws-mansion-for-50-m-karl-lagerfeld-lose-2-m-in-gramercy-middle-class-manhattan/</link>
			<dc:creator>Matt Chaban</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=285103</guid>
		<description><![CDATA[<p>What is Middle Class in Manhattan? Not much, not vanishing. <a href="http://www.nytimes.com/2013/01/20/realestate/what-is-middle-class-in-manhattan.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
Karl Lagerfeld finally sells his Gramercy condo for $2 M. less than he paid. <a href="http://www.nypost.com/p/news/local/lagerfeld_pad_dump_aI7Ny0LkdqwfFnH51hybbK?utm_medium=rss&amp;utm_content=Local">[NY Post]</a><a href="http://www.nytimes.com/2013/01/20/realestate/what-is-middle-class-in-manhattan.html?partner=rss&amp;emc=rss"><br />
</a>Villagers rage against 7-Eleven and other chains. <a href="http://feeds.crainsnewyork.com/~r/crainsnewyork/real_estate/~3/In6YJM-VUok/301209977">[Crain's]<br />
</a>Joe Chetrit confirmed to be developing apartments and hotel in Sony Building. <a href="http://www.nytimes.com/2013/01/19/nyregion/1-1-billion-deal-is-reached-to-buy-sony-building.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
This tax-troubled UWS mansion still wants $50 M. <a href="http://feedproxy.google.com/~r/trdnews/~3/uFfGsAjp-CA/">[Real Deal]<br />
</a>Developer forcing out Seaport businesses from Pier 17 by March. <a href="http://www.dnainfo.com/new-york/20130118/south-street-seaport/pier-17-businesses-must-move-out-by-may-1-developer-says">[DNAinfo</a>, <a href="http://www.nypost.com/p/news/local/manhattan/seaport_biz_boot_off_pier_GfCCtKlrQ4u89aCxWvfPVP?utm_medium=rss&amp;utm_content=Manhattan">NY Post]</a><br />
Love Lane Mews penthouse sells for a record price per-square-foot in BK Heights. <a href="http://ny.curbed.com/archives/2013/01/18/love_lane_mews_penthouse_sets_persquarefoot_record.php">[Curbed]</a><br />
Hence the Brooklyn luxury market is just booming. <a href="http://www.brownstoner.com/blog/2013/01/brooklyns-luxury-market-booms/">[Brownstoner]</a><br />
How Grand Central Terminal, now 100, was born. <a href="http://www.nytimes.com/2013/01/20/nyregion/the-birth-of-grand-central-terminal-100-years-later.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
Alicia Keys slashes price of Soho penthouse to $15 M. <a href="http://feedproxy.google.com/~r/trdnews/~3/IDNprdajvGc/">[Real Deal]</a><br />
A slum on Central Park South? This apartment looks like one. <a href="http://www.nypost.com/p/news/local/manhattan/slum_of_central_pk_south_w4YgbW3slGDHkrtLSp4KWL?utm_medium=rss&amp;utm_content=Manhattan">[NY Post]</a><br />
West 50th Street condo gets financing, showing support for outlying projects. <a href="http://online.wsj.com/article/SB10001424127887323468604578248384202002520.html">[Journal]<!--more--><br />
</a>At REBNYgala, real estate bigs rate the mayoral candidates. <a href="http://feeds.crainsnewyork.com/~r/crainsnewyork/real_estate/~3/TNJ9aPMDkIg/130119887">[Crain's]</a><br />
Mayor touts success of Rapid Repairs in fixing 10,000 homes in two months. <a href="http://www.nypost.com/p/news/local/mike_hails_city_rapid_sandy_aid_3qPYMufdiN4MutGRPHiDFL?utm_medium=rss&amp;utm_content=Local">[NY Post]</a><br />
Inside Larry Gagosian's mansion renovation, the work of Annabelle Selldorf. <a href="http://ny.curbed.com/archives/2013/01/18/whats_happening_at_larry_gagosians_ues_megamansion.php">[Curbed]<br />
</a>Blame the crane owners for all the accidents. <a href="http://feedproxy.google.com/~r/nydnrss/new-york/~3/aiKJfJ-1j2M/story01.htm">[Daily News]</a><a href="http://online.wsj.com/article/SB10001424127887323468604578248384202002520.html"><br />
</a>History of trouble at collapsed Tribeca landmark. <a href="http://www.dnainfo.com/new-york/20130118/tribeca/dilapidated-tribeca-landmark-has-history-of-violations-records-show">[DNAinfo]</a><a href="http://www.nytimes.com/2013/01/20/nyregion/the-birth-of-grand-central-terminal-100-years-later.html?partner=rss&amp;emc=rss"><br />
</a>The rise of the trophy renter. <a href="http://online.wsj.com/article/SB10001424127887323596204578241712854783062.html?mod=residential_real_estate">[Journal]<br />
</a>An architectural look at Chris Ware's <em>Building Stories</em> comic book. <a href="http://www.archpaper.com/e-board_rev.asp?News_ID=6458">[ArchPaper]</a><br />
A video tour of Brooklyn's first passive house. <a href="http://www.brownstoner.com/blog/2013/01/video-a-look-at-brooklyn-passive-house-projects/">[Brownstoner]</a><br />
Architects in New York are on the rebound. <a href="http://feeds.crainsnewyork.com/~r/crainsnewyork/real_estate/~3/2hj1fKEnBFU/301209974">[Crain's]<br />
</a>Toll booth worker hasn't missed a day since Sandy, even though home destroyed. <a href="http://feedproxy.google.com/~r/nydnrss/new-york/~3/h9AY7KiTwmQ/story01.htm">[Daily News]</a><a href="http://online.wsj.com/article/SB10001424127887323596204578241712854783062.html?mod=residential_real_estate"><br />
</a>New LG headquarters in the Palisades threatens views from the Cloisters. <a href="http://www.nytimes.com/2013/01/21/arts/design/the-cloisters-view-is-threatened-by-lg-electronics-offices.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
MTA switches off confusing flashing blue lights atop SBS buses. <a href="http://transportationnation.org/2013/01/18/to-avoid-confusing-drivers-mta-turns-off-sbs-bus-lights/">[WNYC</a>, <a href="http://www.nypost.com/p/news/local/mta_select_bus_service_to_stop_using_Ose4696aCZuiAg6laagz5M?utm_medium=rss&amp;utm_content=%20%20%20%20%20%20%20%20Local">NY Post]</a><br />
Fitch Ratings exec says real estate recovery "unstoppable." Where have we heard that before? <a href="http://feedproxy.google.com/~r/trdnews/~3/u2Pig1yymCc/">[Real Deal]<br />
</a>NYCHA chief never showed up to either Council hearing on Sandy recovery. <a href="http://feedproxy.google.com/~r/nydnrss/new-york/~3/xEcELvbspOA/story01.htm">[Daily News]</a><br />
Get your Gehry and Zaha carpets here. <a href="http://feedproxy.google.com/~r/AN_blog/~3/QvLpLgp06dM/52816">[ArchPaper]</a><br />
$12.5 M. UWS penthouse comes with $500,000 Chihuly chandelier. <a href="http://www.nytimes.com/2013/01/20/realestate/exclusive-an-upper-west-side-pop-art-playpen.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
Couple transform Manhattan valley church, now for sale for $3.75 M. <a href="http://online.wsj.com/article/SB10001424127887323596204578242071531526136.html?mod=rss_newyork_real_estate">[Journal]</a><br />
Looking at Crown Heights before it became Crown Heights. <a href="http://www.brownstoner.com/blog/2013/01/past-and-present-the-raymond-h-fiero-house/">[Brownstoner]</a><a href="http://www.nytimes.com/2013/01/20/realestate/exclusive-an-upper-west-side-pop-art-playpen.html?partner=rss&amp;emc=rss"><br />
</a>First resident  returns to Kissam Avenue in Staten Island, neighbors aren't so sure. <a href="http://www.nytimes.com/2013/01/21/nyregion/move-stay-or-wait-and-see-on-kissam-avenue.html?partner=rss&amp;emc=rss">[NY Times]</a></p>
]]></description>
		<content:encoded><![CDATA[<p>What is Middle Class in Manhattan? Not much, not vanishing. <a href="http://www.nytimes.com/2013/01/20/realestate/what-is-middle-class-in-manhattan.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
Karl Lagerfeld finally sells his Gramercy condo for $2 M. less than he paid. <a href="http://www.nypost.com/p/news/local/lagerfeld_pad_dump_aI7Ny0LkdqwfFnH51hybbK?utm_medium=rss&amp;utm_content=Local">[NY Post]</a><a href="http://www.nytimes.com/2013/01/20/realestate/what-is-middle-class-in-manhattan.html?partner=rss&amp;emc=rss"><br />
</a>Villagers rage against 7-Eleven and other chains. <a href="http://feeds.crainsnewyork.com/~r/crainsnewyork/real_estate/~3/In6YJM-VUok/301209977">[Crain's]<br />
</a>Joe Chetrit confirmed to be developing apartments and hotel in Sony Building. <a href="http://www.nytimes.com/2013/01/19/nyregion/1-1-billion-deal-is-reached-to-buy-sony-building.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
This tax-troubled UWS mansion still wants $50 M. <a href="http://feedproxy.google.com/~r/trdnews/~3/uFfGsAjp-CA/">[Real Deal]<br />
</a>Developer forcing out Seaport businesses from Pier 17 by March. <a href="http://www.dnainfo.com/new-york/20130118/south-street-seaport/pier-17-businesses-must-move-out-by-may-1-developer-says">[DNAinfo</a>, <a href="http://www.nypost.com/p/news/local/manhattan/seaport_biz_boot_off_pier_GfCCtKlrQ4u89aCxWvfPVP?utm_medium=rss&amp;utm_content=Manhattan">NY Post]</a><br />
Love Lane Mews penthouse sells for a record price per-square-foot in BK Heights. <a href="http://ny.curbed.com/archives/2013/01/18/love_lane_mews_penthouse_sets_persquarefoot_record.php">[Curbed]</a><br />
Hence the Brooklyn luxury market is just booming. <a href="http://www.brownstoner.com/blog/2013/01/brooklyns-luxury-market-booms/">[Brownstoner]</a><br />
How Grand Central Terminal, now 100, was born. <a href="http://www.nytimes.com/2013/01/20/nyregion/the-birth-of-grand-central-terminal-100-years-later.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
Alicia Keys slashes price of Soho penthouse to $15 M. <a href="http://feedproxy.google.com/~r/trdnews/~3/IDNprdajvGc/">[Real Deal]</a><br />
A slum on Central Park South? This apartment looks like one. <a href="http://www.nypost.com/p/news/local/manhattan/slum_of_central_pk_south_w4YgbW3slGDHkrtLSp4KWL?utm_medium=rss&amp;utm_content=Manhattan">[NY Post]</a><br />
West 50th Street condo gets financing, showing support for outlying projects. <a href="http://online.wsj.com/article/SB10001424127887323468604578248384202002520.html">[Journal]<!--more--><br />
</a>At REBNYgala, real estate bigs rate the mayoral candidates. <a href="http://feeds.crainsnewyork.com/~r/crainsnewyork/real_estate/~3/TNJ9aPMDkIg/130119887">[Crain's]</a><br />
Mayor touts success of Rapid Repairs in fixing 10,000 homes in two months. <a href="http://www.nypost.com/p/news/local/mike_hails_city_rapid_sandy_aid_3qPYMufdiN4MutGRPHiDFL?utm_medium=rss&amp;utm_content=Local">[NY Post]</a><br />
Inside Larry Gagosian's mansion renovation, the work of Annabelle Selldorf. <a href="http://ny.curbed.com/archives/2013/01/18/whats_happening_at_larry_gagosians_ues_megamansion.php">[Curbed]<br />
</a>Blame the crane owners for all the accidents. <a href="http://feedproxy.google.com/~r/nydnrss/new-york/~3/aiKJfJ-1j2M/story01.htm">[Daily News]</a><a href="http://online.wsj.com/article/SB10001424127887323468604578248384202002520.html"><br />
</a>History of trouble at collapsed Tribeca landmark. <a href="http://www.dnainfo.com/new-york/20130118/tribeca/dilapidated-tribeca-landmark-has-history-of-violations-records-show">[DNAinfo]</a><a href="http://www.nytimes.com/2013/01/20/nyregion/the-birth-of-grand-central-terminal-100-years-later.html?partner=rss&amp;emc=rss"><br />
</a>The rise of the trophy renter. <a href="http://online.wsj.com/article/SB10001424127887323596204578241712854783062.html?mod=residential_real_estate">[Journal]<br />
</a>An architectural look at Chris Ware's <em>Building Stories</em> comic book. <a href="http://www.archpaper.com/e-board_rev.asp?News_ID=6458">[ArchPaper]</a><br />
A video tour of Brooklyn's first passive house. <a href="http://www.brownstoner.com/blog/2013/01/video-a-look-at-brooklyn-passive-house-projects/">[Brownstoner]</a><br />
Architects in New York are on the rebound. <a href="http://feeds.crainsnewyork.com/~r/crainsnewyork/real_estate/~3/2hj1fKEnBFU/301209974">[Crain's]<br />
</a>Toll booth worker hasn't missed a day since Sandy, even though home destroyed. <a href="http://feedproxy.google.com/~r/nydnrss/new-york/~3/h9AY7KiTwmQ/story01.htm">[Daily News]</a><a href="http://online.wsj.com/article/SB10001424127887323596204578241712854783062.html?mod=residential_real_estate"><br />
</a>New LG headquarters in the Palisades threatens views from the Cloisters. <a href="http://www.nytimes.com/2013/01/21/arts/design/the-cloisters-view-is-threatened-by-lg-electronics-offices.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
MTA switches off confusing flashing blue lights atop SBS buses. <a href="http://transportationnation.org/2013/01/18/to-avoid-confusing-drivers-mta-turns-off-sbs-bus-lights/">[WNYC</a>, <a href="http://www.nypost.com/p/news/local/mta_select_bus_service_to_stop_using_Ose4696aCZuiAg6laagz5M?utm_medium=rss&amp;utm_content=%20%20%20%20%20%20%20%20Local">NY Post]</a><br />
Fitch Ratings exec says real estate recovery "unstoppable." Where have we heard that before? <a href="http://feedproxy.google.com/~r/trdnews/~3/u2Pig1yymCc/">[Real Deal]<br />
</a>NYCHA chief never showed up to either Council hearing on Sandy recovery. <a href="http://feedproxy.google.com/~r/nydnrss/new-york/~3/xEcELvbspOA/story01.htm">[Daily News]</a><br />
Get your Gehry and Zaha carpets here. <a href="http://feedproxy.google.com/~r/AN_blog/~3/QvLpLgp06dM/52816">[ArchPaper]</a><br />
$12.5 M. UWS penthouse comes with $500,000 Chihuly chandelier. <a href="http://www.nytimes.com/2013/01/20/realestate/exclusive-an-upper-west-side-pop-art-playpen.html?partner=rss&amp;emc=rss">[NY Times]</a><br />
Couple transform Manhattan valley church, now for sale for $3.75 M. <a href="http://online.wsj.com/article/SB10001424127887323596204578242071531526136.html?mod=rss_newyork_real_estate">[Journal]</a><br />
Looking at Crown Heights before it became Crown Heights. <a href="http://www.brownstoner.com/blog/2013/01/past-and-present-the-raymond-h-fiero-house/">[Brownstoner]</a><a href="http://www.nytimes.com/2013/01/20/realestate/exclusive-an-upper-west-side-pop-art-playpen.html?partner=rss&amp;emc=rss"><br />
</a>First resident  returns to Kissam Avenue in Staten Island, neighbors aren't so sure. <a href="http://www.nytimes.com/2013/01/21/nyregion/move-stay-or-wait-and-see-on-kissam-avenue.html?partner=rss&amp;emc=rss">[NY Times]</a></p>
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