While schools like Collegiate, Trevor Day and the Lycée Française have been divesting themselves of their valuable uptown real estate of late, other educational institutions are hunkering down for the long haul, declaring their intention to remain on their tony home turf with nearby real estate acquisitions. The Diller-Quaile School of Music has just plunked itself in the latter category with a recent purchase, landing among such esteemed institutions as Dalton, Buckley, Marymount and Spence. City records show that the music school has snapped up a townhouse at 20 East 95th Street, two doors down from its current location.
The Carnegie Hill music school, which has been teaching well-heeled tots and their parents both the rudiments and the finer points of music since the 1920s—the school’s drum-whacking classes for 2-year-olds were once described by New York Magazine as “essential preparation for admission to the Ivy League” and two of Placido Domingo’s grandkids go there—is expanding. Diller-Quaile will now be able to offer more classes and early childhood education programs, director of development Caroline Nagy told The Observer.
In the final days of 2012, high-end properties passed between wealthy Manhattanites like a cold in a classroom full of kindergarteners. Among the last properties to slip in before the tax codes changed on the first of the year was 14 East 94th Street, which traded hands for $24 million on December 20.
Coming at the end of a year that was gloriously triumphant for the trophy market, no one paid particular attention to this sale. It was one of three townhouse closings in the $20 million range that hit city records the second week in January, The Real Deal noted. The New York Times made a passing reference to the sale, burying it at the bottom of their weekly “Big Ticket” column that featured a more impressive townhouse sale.
They could be forgiven—the only remarkable thing about the townhouse at 14 East 94th Street was its price: more than $4,000 a square foot, which is among the highest prices ever paid for any townhouse in the city.
When we saw that Nightline co-host Cynthia McFadden had sold her three-bedroom co-op at 129 East 69th Street last week, we wondered where she would be moving. Like the 11:35 p.m. time slot on ABC, a pre-war co-op in a white glove Lenox Hill building is prime real estate.
The answer is Carnegie Hill (and, if you’re watching ABC, it’s 12:35 a.m.). The famed journalist tells The Observer that she and her teenaged son are upgrading to a four-story brownstone on the Upper East Side neighborhood.
Thomas Wexler won’t be paying any commission on the $8.2 million sale of his townhouse at 135 East 91st Street. As they used to say about the Hair Club for Men, Mr. Wexler is not only a client, he’s the broker, too, a senior vice-president at Corcoran, no less, one who happens to specialize in townhouses.
And specialize he does: Mr. Wexler made a nice chunk of change on the Carnegie Hill five-bedroom, flipping it for more than twice the $4 million he paid in 2007. Yet being a specialist can come with its risks, too: Mr. Wexler had the audacity to list the home only a year after he purchased it for $12.5 million.
It looks like he had to wait for another gaga market to come along in order to sell it.
The residents of Carnegie Hill are not particularly experienced in protest techniques—they are more likely to walk through throngs of the demonstrators than to walk among them. But a new Toll Brothers development on Park Avenue has inspired angry Upper East Siders to take up the picket.
In a vertical city like New York, simple signs on sticks do not do much good, so neighbors have resorted to a more high-flying technique for their “visual protest” this morning, unfurling homemade banners from one of their buildings that read “Save Our History.”
“We’re all rookies at this, not professional protesters,” said Lucinda Ballard, who lives in 1112 Park Avenue, right next to the two pre-Civil War townhouses that the Philadelphia-based Toll Brothers is almost certainly planning to replace with a tower, but has thus far refused to confirm.
Toll Brothers is still pulling a “no comment” when it comes to rumors of a Carnegie Hill tower, but plans for something are certainly moving apace on Park Avenue.
The same limited liability corporation—89 Park Avenue LLC—that purchased 1110 Park Avenue for $16.5 million (10 percent more than the $14.9 million ask) has also closed on 1108 Park Avenue for $13 million. And 1108 wasn’t even listed for sale!
THERE GOES THE NEIGHBORHOOD
It turns out that Carnegie Hill residents are not so thrilled about whatever plans Philadelphia-based McMansion builder Toll Brothers might have for their neighborhood.
Following news that the builders, who have slowly been expanding their Manhattan presence, had closed on the purchase of a townhouse at 1110 Park Avenue and also had their eye on neighboring 1108 Park Avenue, Tolls’ new neighbors are trying to stop them.
Two Carnegie Hill co-ops sell after hefty price chops. Read More
Wowzers. City officials say Forest City Ratner is reducing the bulk of Atlantic Yards “by 6 to 8 percent,” which means a potential downsize of 500,000 to 700,000 square-feet. Plus, the big Yards tower–dubbed Miss Brooklyn, of course–may not be the tallest in the borough! (That makes designer Frank Gehry Read More
One Carnegie Hill: creep-ola
Fresh off his critical success with Match Point, director Woody Allen is treating himself to a
Designed by Trowbridge & Livingston in 1901, the stunning 16-room home includes 11-foot ceilings, ornate moldings, 10 fireplaces, and a Georgian staircase. In addition, there are five bedrooms, formal dining room, library, family room, media room, staff Read More