Art in Real Estate
A New York State Supreme Court Judge on Friday at least temporarily blocked Aby Rosen’s plans to remove Pablo Picasso’s “Le Tricorne” from the Four Seasons.
Mr. Rosen’s RFR Holding, owner of the Seagram Building, which holds the Four Seasons, planned to take the century-old painting down to repair a limestone wall behind it, reportedly referred to Read More
The Eight-Day Week
The painting that looks like a Richard Serra? It’s real. Just like the Wolfgang Tillmans print hanging in the bedroom, the Manuel Vivian table lamp in the study and the fluffy 1960s Sergio Mazza lounge chairs in the living room—in fact, every sculpture, painting and stick of high-end furniture in the model units of 530 Read More
Art world heavy hitters Agnes Gund, Ronald and Jo Carole Lauder, Lisa and David Schiff, and Aby Rosen and Samantha Boardman are a few of the hosts of the preview of The Art Show, which is celebrating 25 years at the Park Avenue Armory and benefiting the Henry Street Settlement. The show represents over 70 Read More
They say that staging an apartment is a sure way to fetch a higher price. So imagine the markdown that Aby Rosen would have taken on his penthouse at 350 West Broadway if he hadn’t decorated the walls of the building with his personal art collection.
Records show that the 5,912-square-foot spread has sold for $17.56 million, which looks impressive by itself and not bad compared to the most recent $20.65 million asking price. But consider that the sponsor-unit was asking $26 million when it came on the market in December 2009. Either Soho’s appeal is dwindling in inverse proportion to the hordes of shopping bag-toting tourists mobbing the streets or real estate there isn’t quite as valuable as Mr. Rosen had hoped.
Red Carpet Real Estate
Now that all the neighborhood galleries have fled to Chelsea, one of the few places that you can still count on to view art is developer Aby Rosen‘s Soho condo development at 350 West Broadway.
Mr. Rosen outfitted the lobby and model unit of the high-end seven unit building with paintings from his own private collection. In the midst of a recession, not even staging the space with valuable art and sculpture was enough to move the pricey units. But what a difference a few years and a $6 million discount make: the penthouse, which was last asking $20.65 million, is now in contract.
Has the Prime Minister of Qatar finally found a home in Manhattan? The New York Post is reporting that after a seemingly endless search and several heartbreaking rejections Sheikh Hamad bin Jassim bin Jaber Al Thani has purchased Aby Rosen’s townhouse at 22 East 71st Street.
In some ways, it seems like a match made in heaven—the townhouse has been languishing on the market since 2008, when Mr. Rosen listed it for $75 million (the most expensive listing on the market back then, now it practically seems like a bargain)—and Mr. Hamad has been on a seemingly endless hunt for a Manhattan home. A sale would mean a happy ending for these two seekers.
Last night, Aby Rosen threw another one of his fancy fetes at the mansion he owns, but does not occupy, at 22 East 71st Street. Mr. Rosen bought the former Salander O’Reilly gallery in 2004 for $15.65 million. He spent a not inconsiderable amount of money on renovating it back into a home, though there is still much work to be done, particularly on the upper floors, for the place to feel truly homey.
Still, the central staircase, faced in warm marble, has to be one of the finest in the city, reason enough to put the place back on the market, as Mr. Rosen did in 2008. The blushing price was $75 million, the most anyone dared to ask for a home at the time. And there it has sat ever since. Though the place, now asking a mere $50 million, has been far from quiet.
From the moment you walk through the doors of 757 Third Avenue, you know the building is different from the average, anonymous East Side office tower.
One of the lesser works of the monolithic Emery Roth & Sons—they of GM and Look and Pan Am buildings fame—757 Third is the typical wedding-cake office building. A banded obsidian glass curtain wall with those I-beam mullions, it is the sentinel we’ve seen before, cast ever so slightly anew in a thousand business districts the world over. Seagrams lite with a splash of Chase Manhattan.
That is why walking into, or really out of, 757 Third is such a dramatic experience. The 28-story building may have the nicest revolving doors in the entire city. Set into two curving, scythelike glass panels, the building’s egress does not really have an edge, and so when stepping out onto the street through those spinning doors, it is as though the building suddenly disappears. You have left the warm confines of this sleek building and are back on the cold New York City street. You might even stop to gasp at the trick if the door were not coming up behind you, about to deliver a smack in the toosh.
Senator Charles Schumer will be moving out of his Manhattan office at 757 Third Avenue building and will relocate to 780 Third Avenue, the same building that houses fellow Democrat Senator Kirsten Gillibrand’s New York City office, The Commercial Observer has learned.
The move is expected to happen at some point in 2012.
“Our lease Read More
Why on Earth is Aby Rosen buying another hotel?