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	<title>Observer &#187; 60 Riverside Boulevard</title>
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		<title>Observer &#187; 60 Riverside Boulevard</title>
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		<title>Ever the Contrarian, Economist Willem Buiter Buys On the Far West Side</title>

		<comments>http://observer.com/2013/01/ever-the-contrarian-economist-willem-buiter-buys-on-the-far-west-side/#comments</comments>
		<pubDate>Thu, 31 Jan 2013 18:32:01 -0400</pubDate>
					<link>http://observer.com/2013/01/ever-the-contrarian-economist-willem-buiter-buys-on-the-far-west-side/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=286568</guid>
		<description><![CDATA[<p><div id="attachment_286576" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2013/01/buiter2/" rel="attachment wp-att-286576"><img class="size-medium wp-image-286576" alt="Mr. Buiter" src="http://nyoobserver.files.wordpress.com/2013/01/buiter2.jpg?w=300" width="300" height="233" /></a><p class="wp-caption-text">He calls it like it is. And buys condos in the Aldyn.</p></div></p>
<p>We wonder... when Citigroup's chief economist was looking for a condo, did he ask his broker: "Would you tell me please, which way I ought to go?"</p>
<p>And did the broker reply: "that depends a good deal on where you want to get to."<em></em></p>
<p>That's the Carroll quote that <strong>Willem Buiter</strong> started his attention-grabbing paper <a href="http://www.cepr.org/pubs/policypapers/pdf/PP1.pdf"><em>Alice in Euroland</em></a> with. Why not his house hunt?<!--more--></p>
<p>We're still waiting to hear back from Mr. Buiter so we can ask him ourselves, but when it came to negotiating a price, everyone's favorite economist provocateur did not disappoint. Mr. Willem and wife <strong>Anne</strong> (who also has an economics PhD) finagled a $100,000 discount on his four-bedroom, 4.5-bath condo at <strong>60 Riverside Boulevard.</strong></p>
<p><div id="attachment_286575" class="wp-caption alignleft" style="width: 210px"><a href="http://observer.com/2013/01/ever-the-contrarian-economist-willem-buiter-buys-on-the-far-west-side/buiter1/" rel="attachment wp-att-286575"><img class="size-medium wp-image-286575" alt="Euros not accepted." src="http://nyoobserver.files.wordpress.com/2013/01/buiter1.jpg?w=200" width="200" height="300" /></a><p class="wp-caption-text">Symbolic? The Aldyn faces West, away from Europe.</p></div></p>
<p>City records show that the Buiters paid <strong>$4.35</strong> for the 2,505-square foot sponsor unit in <strong>Extell's</strong> Aldyn, a deal brokered by Corcoran Sunshine Marketing Group.</p>
<p>Naturally, Citigroup's chief economist eschewed the established enclaves around Central Park for something a little more iconoclastic—the far West Side.</p>
<p>As he told <em><a href="http://online.wsj.com/article/SB10001424052702303684004577508902261762304.html">The Wall Street Journal</a>, </em>"I like saying things that drive people around the bend."</p>
<p>You know what else Mr. Buiter likes (besides researching monetary unions)? Glass-walled great rooms with Brazilian cherry floors, marble chef blocks and teak-wrapped master baths with Zuma deep soaking tubs. Also: custom-crackle porcelain tile, views of the George Washington bridge and condo towers with rock climbing walls and bowling alleys.</p>
<p>Mr. Buiter's blunt pronouncements on the Eurozone have given him something of a cult-like following in the finance world. Will his acolytes join him on the banks of the Hudson River?</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_286576" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2013/01/buiter2/" rel="attachment wp-att-286576"><img class="size-medium wp-image-286576" alt="Mr. Buiter" src="http://nyoobserver.files.wordpress.com/2013/01/buiter2.jpg?w=300" width="300" height="233" /></a><p class="wp-caption-text">He calls it like it is. And buys condos in the Aldyn.</p></div></p>
<p>We wonder... when Citigroup's chief economist was looking for a condo, did he ask his broker: "Would you tell me please, which way I ought to go?"</p>
<p>And did the broker reply: "that depends a good deal on where you want to get to."<em></em></p>
<p>That's the Carroll quote that <strong>Willem Buiter</strong> started his attention-grabbing paper <a href="http://www.cepr.org/pubs/policypapers/pdf/PP1.pdf"><em>Alice in Euroland</em></a> with. Why not his house hunt?<!--more--></p>
<p>We're still waiting to hear back from Mr. Buiter so we can ask him ourselves, but when it came to negotiating a price, everyone's favorite economist provocateur did not disappoint. Mr. Willem and wife <strong>Anne</strong> (who also has an economics PhD) finagled a $100,000 discount on his four-bedroom, 4.5-bath condo at <strong>60 Riverside Boulevard.</strong></p>
<p><div id="attachment_286575" class="wp-caption alignleft" style="width: 210px"><a href="http://observer.com/2013/01/ever-the-contrarian-economist-willem-buiter-buys-on-the-far-west-side/buiter1/" rel="attachment wp-att-286575"><img class="size-medium wp-image-286575" alt="Euros not accepted." src="http://nyoobserver.files.wordpress.com/2013/01/buiter1.jpg?w=200" width="200" height="300" /></a><p class="wp-caption-text">Symbolic? The Aldyn faces West, away from Europe.</p></div></p>
<p>City records show that the Buiters paid <strong>$4.35</strong> for the 2,505-square foot sponsor unit in <strong>Extell's</strong> Aldyn, a deal brokered by Corcoran Sunshine Marketing Group.</p>
<p>Naturally, Citigroup's chief economist eschewed the established enclaves around Central Park for something a little more iconoclastic—the far West Side.</p>
<p>As he told <em><a href="http://online.wsj.com/article/SB10001424052702303684004577508902261762304.html">The Wall Street Journal</a>, </em>"I like saying things that drive people around the bend."</p>
<p>You know what else Mr. Buiter likes (besides researching monetary unions)? Glass-walled great rooms with Brazilian cherry floors, marble chef blocks and teak-wrapped master baths with Zuma deep soaking tubs. Also: custom-crackle porcelain tile, views of the George Washington bridge and condo towers with rock climbing walls and bowling alleys.</p>
<p>Mr. Buiter's blunt pronouncements on the Eurozone have given him something of a cult-like following in the finance world. Will his acolytes join him on the banks of the Hudson River?</p>
<p><em>kvelsey@observer.com</em></p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">kvelseyobserver</media:title>
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			<media:title type="html">Mr. Buiter</media:title>
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			<media:title type="html">Euros not accepted.</media:title>
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		<title>Aldyn Duplex Sells For $13.7 M., Setting Building Record</title>

		<comments>http://observer.com/2012/10/aldyn-duplex-sells-for-13-7-m-a-record-for-the-condo/#comments</comments>
		<pubDate>Mon, 22 Oct 2012 11:00:32 -0400</pubDate>
					<link>http://observer.com/2012/10/aldyn-duplex-sells-for-13-7-m-a-record-for-the-condo/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=270840</guid>
		<description><![CDATA[<p><div id="attachment_270857" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2012/10/aldyn-duplex-sells-for-13-7-m-a-record-for-the-condo/aldyn-2/" rel="attachment wp-att-270857"><img class="size-medium wp-image-270857" title="aldyn" alt="" src="http://nyoobserver.files.wordpress.com/2012/10/aldyn.jpg?w=300" height="199" width="300" /></a><p class="wp-caption-text">Views of the Hudson River don't command as much as views of Central Park, but they're certainly as lovely.</p></div></p>
<p>It seems like all we hear about these days is how popular and cool One57 is. There's hardly spotlight left for other superstar buildings like the Ritz Carlton and the Plaza, let alone Extell's former luxury darling <strong>The Aldyn</strong>. After all, the Aldyn might be a super luxurious and amenity laden, with an indoor basketball court, but it's not where the billionaires seem to be flocking to.</p>
<p>We're glad to see that some buyers, at least, are still looking at the attention-starved glass  condo/rental tower at <strong>60 Riverside Boulevard</strong>. City records show that a mysterious buyer with limited imagination, <strong>60 Riverside LLC </strong>has paid <strong>$13.7 million</strong> for  unit 1601, a six-bedroom duplex.<!--more--></p>
<p>Who knows, maybe that anonymity points to a billionaire, or better yet, a celebrity. From A-Rod to Bruce Willis to Robin Williams, Riverside South has attracted plenty of them.</p>
<p><div id="attachment_270858" class="wp-caption alignleft" style="width: 210px"><a href="http://observer.com/2012/10/aldyn-duplex-sells-for-13-7-m-a-record-for-the-condo/aldyn1/" rel="attachment wp-att-270858"><img class="size-medium wp-image-270858" title="aldyn1" alt="" src="http://nyoobserver.files.wordpress.com/2012/10/aldyn1.jpg?w=200" height="300" width="200" /></a><p class="wp-caption-text">Time to sell the priciest sponsor units.</p></div></p>
<p>The sponsor unit sets a sales record for the building, although the developers were angling for $14.9 million when they listed the unit this July. It's the same price they were asking when the unit made its market debut in June 2011, only to have its listing yanked at the end of that month. Another unit on the 21st floor is currently asking $15.9 million, but it has yet to sell.</p>
<p>The apartment, listed with the Corcoran Sunshine Marketing group, clocks in at just over 6,700-square feet. Which is, we hear, around the same size as the $95 million listing at 15 Central Park West and the $95 million listing at the Ritz Carlton—talk about a steal, with better river views, no less. And certainly, these buyers will get a lot of bang for their buck with six bedrooms, 8.5 baths (the master is teak wrapped and features a Zuma deep soaking tub), terraces and double height ceilings.</p>
<p>Besides, Aldyn buyers might not be able to stroll out the door and into Central Park, but why would they need to? They can just head downstairs to the pool, squash court, rock climbing wall, yoga studio or bowling alley. Not to mention Pier 72 and the rest of Hudson River Park just down the hill.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_270857" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2012/10/aldyn-duplex-sells-for-13-7-m-a-record-for-the-condo/aldyn-2/" rel="attachment wp-att-270857"><img class="size-medium wp-image-270857" title="aldyn" alt="" src="http://nyoobserver.files.wordpress.com/2012/10/aldyn.jpg?w=300" height="199" width="300" /></a><p class="wp-caption-text">Views of the Hudson River don't command as much as views of Central Park, but they're certainly as lovely.</p></div></p>
<p>It seems like all we hear about these days is how popular and cool One57 is. There's hardly spotlight left for other superstar buildings like the Ritz Carlton and the Plaza, let alone Extell's former luxury darling <strong>The Aldyn</strong>. After all, the Aldyn might be a super luxurious and amenity laden, with an indoor basketball court, but it's not where the billionaires seem to be flocking to.</p>
<p>We're glad to see that some buyers, at least, are still looking at the attention-starved glass  condo/rental tower at <strong>60 Riverside Boulevard</strong>. City records show that a mysterious buyer with limited imagination, <strong>60 Riverside LLC </strong>has paid <strong>$13.7 million</strong> for  unit 1601, a six-bedroom duplex.<!--more--></p>
<p>Who knows, maybe that anonymity points to a billionaire, or better yet, a celebrity. From A-Rod to Bruce Willis to Robin Williams, Riverside South has attracted plenty of them.</p>
<p><div id="attachment_270858" class="wp-caption alignleft" style="width: 210px"><a href="http://observer.com/2012/10/aldyn-duplex-sells-for-13-7-m-a-record-for-the-condo/aldyn1/" rel="attachment wp-att-270858"><img class="size-medium wp-image-270858" title="aldyn1" alt="" src="http://nyoobserver.files.wordpress.com/2012/10/aldyn1.jpg?w=200" height="300" width="200" /></a><p class="wp-caption-text">Time to sell the priciest sponsor units.</p></div></p>
<p>The sponsor unit sets a sales record for the building, although the developers were angling for $14.9 million when they listed the unit this July. It's the same price they were asking when the unit made its market debut in June 2011, only to have its listing yanked at the end of that month. Another unit on the 21st floor is currently asking $15.9 million, but it has yet to sell.</p>
<p>The apartment, listed with the Corcoran Sunshine Marketing group, clocks in at just over 6,700-square feet. Which is, we hear, around the same size as the $95 million listing at 15 Central Park West and the $95 million listing at the Ritz Carlton—talk about a steal, with better river views, no less. And certainly, these buyers will get a lot of bang for their buck with six bedrooms, 8.5 baths (the master is teak wrapped and features a Zuma deep soaking tub), terraces and double height ceilings.</p>
<p>Besides, Aldyn buyers might not be able to stroll out the door and into Central Park, but why would they need to? They can just head downstairs to the pool, squash court, rock climbing wall, yoga studio or bowling alley. Not to mention Pier 72 and the rest of Hudson River Park just down the hill.</p>
<p><em>kvelsey@observer.com</em></p>
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