Selling New York
Coldwell Banker—it’s a name that most Americans know from front yard for-sale signs across the country. Most Americans, that is, except for New Yorkers. But now Coldwell Banker is making inroads into in what may well be the most lucrative—and most competitive—real estate market in the country.
The mega-brokerage (the company claims to be the largest real estate franchise in North America) has announced that it will be entering the New York market via a franchise agreement with residential brokerage the Bellmarc Group (which acquired rental-focused rival AC Lawrence last November). The two companies will now be known as Coldwell Banker Bellmarc and Coldwell Banker AC Lawrence—a relationship that will give the real estate giant a toehold in the clubby world of New York real estate while offering Bellmarc a connection to Coldwell’s national and international network of clients.
So it’s not enough for you to just live in any old apartment, is it? You want one that’s won awards? Is located in “a New York icon unto itself?” Well, for $24 million this property in the San Remo and featured in New York Spaces for its award-winning design can be yours.
The Read More
Last Saturday, the Corcoran Group’s Harlem office, at the intersection of Frederick Douglass Boulevard and 120th Street, was closed for the day. Listings for million-dollar townhouses and hundred-thousand-dollar apartments papered the office’s windows, concealing a barren and blacked-out room filled with desks and computer monitors.
Corcoran announced in late January it would shutter the Read More
At the dawn of 2000, when the idea that the average sales price for a Manhattan apartment could top $1 million was but a glimmer in the eyes of brokers, it took 118 days, on average, to unload a condo.
According to appraisal firm Miller Samuel, which prepares a quarterly market report for Read More
In the never-ending child-custody battle between Ronald Perelman and his third wife, Democratic Party cheerleader Patricia Duff, one of the biggest remaining questions seems to be where Ms. Duff will reside.
For months, Ms. Duff and her daughter, Caleigh, have been camping out in an apartment in the Waldorf Towers, at 100 East 50th Street. Read More
Upper East Side
1150 Fifth Avenue
Two-bed, 1.5-bath, 1,650-square-foot prewar co-op.
Asking: $749,000. Selling: $750,000.
Maintenance: $1,471; 50 percent tax-deductible.
Time on the market: two weeks.
IF THEY CAN PAY, THEY CAN STAY “You try to weed out the people who wouldn’t be able to pay the maintenance once they Read More