Time Warner is not the only big fish cashing out on Columbus Circle. The Lincoln Square mega-development is also losing David Kwok Po Li, the CEO and chairman of Bank of East Asia and former Hong Kong politician, who has just sold his 72nd-floor condo. (Related honcho Kenneth Himmel also cleared out late last year.)
Nor is he the only one who stands to profit from the decision. While Time Warner is contemplating how much it could make by clearing out of its headquarters, a process that might well set off a bidding war, Mr. Li did very, very well, doubling his money in under a decade.
--Vicki Iovine is one Playboy bunny who just keeps on going, and now she’s hopped right into 418 East 59th Street. Since being named Miss September in that magazine’s Ivy League issue, Ms. Iovine has gone on to earn two law degrees and write the Girlfriend Guide series for everything from divorce–she used to be Read More
Last November, after three years of writing about magnificently overpriced New York residential real estate, I moved to the Wall Street beat. It is sober and civilized by comparison. What I feel nostalgic for isn’t the real estate itself. Even though it’s fun to visit cosmic Manhattan homes—like the hand-built third floor of the Plaza, Read More
The penthouse at 610 Park Avenue, a deluxe white-glove condo converted by Donald Trump, is a duplex gem hovering in the Upper East Side sky. The five-bedroom apartment, which features “one of the most beautiful private terraces in New York City,” is currently listed as a $75,000-per-month rental through Corcoran’s Carrie Chiang and Read More
When the 29-foot-wide mansion at 11 East 64th Street was sold off last July for $42.5 million, it was one of the biggest and strangest sales of 2008. And it’s getting odder: According to two sources, the buyer is quietly willing to part with the house for only $37 million.
The mansion’s broker, both sources Read More
Even though it took Alex Reyfman, the former head of credit derivatives research for Bear Stearns, four price cuts before he finally sold his Upper West Side co-op, he ended up getting only $540,000 less than his first asking price.
Another former Bear Stearns executive won’t be as lucky.
According to a Corcoran Read More
Late last month, the $51 million duplex penthouse at Trump Park Avenue quietly came off the market, a year after the Elliman broker Victoria Shtainer listed the 6,200-square-foot sprawl, and seven years since Mr. Trump bought the building. “We haven’t sold it,” Ms. Shtainer said this week. “The timing was not good, so I Read More
Editor’s note: Cold Case is a new feature on the fates of New York’s oldest residential real estate listings.
It’s hard out there for luxury watch moguls with luxury Park Avenue townhouses. Benny Shabtai, the Raymond Weil executive, first put his 13-room townhouse at 870 Park Avenue on the market back in February 2004, Read More
Anxiety has slowly crept into the normally high-chinned little world of Manhattan luxury real estate, though that doesn’t mean the very rich trying to unload very expensive New York apartments are actually getting desperate to sell. But maybe desperation is around the corner.
Consider Ramesh Singh, an executive at the huge Swiss-based bank UBS, Read More
If few luxury buyers are willing to go much further north than 96th Street, one of their favorite building designers wasn’t.
Emery Roth, who designed iconic buildings like the Beresford and the San Remo, also designed 1200 Fifth Avenue, which is presently being converted into condominiums.
From the 11th-floor sales office at 1200 Fifth, it Read More