Earlier this week, The Observer practically annointed Ilan Bracha the new king of New York City’s real estate brokers. He’d led the top team at the city’s largest brokerage Prudential Douglas Elliman for two years running, while also running a successful development company.
Well, it appears the king has been knocked off his Read More
While some high-end buildings–15 CPW, Superior Ink–have been doing boffo, recession be damned, others have languished.
Consider two long-awaited mega deals at 778 Park Avenue, where the discounts turned out to be more spectacular than the apartments. The Buckley maisonnette, originally listed for $24.5 million, went for $8.75 million. Likewise, Brooke Astor’s apartment, listed Read More
Last week, the Real Estate Desk got a little meta and bemoaned the fact that, despite promises to the contrary, nobody at Elliman bothered to get back to us after superbroker Dolly Lenz and her team split with the storied, struggling Apthorp. As the Desk’s own Chloe Malle reported, all is not well Read More
Manhattan Transfers Cheat Sheet
– It’s not quite Eloise at the Plaza, but Olivia the Pig had a good thing going in the Village. The star of the children’s book (and now television) series, and her author Ian Falconer, had been living in a townhouse at 45 West 9th Street for the past three years, purchased for 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
In January 2009, I wrote “The Apthorp as Waterloo,” a profile of the Upper West Side’s iconic and very gorgeous 102-year-old limestone apartment house, which was then fighting a battle that included guns, rabbis, red ants, Jordache jeans, a diamond billionaire, and a very large group of upset New Yorkers. “Remember that show? Gilligan’s Read More
Even though luxury real estate brokers are all horribly optimistic by nature, this summer there was a lot of stoic head-nodding about Manhattan’s fall from absurd exuberance back to reality. They called it the adjustment.
“Everybody likes to make money,” the broker A. Larry Kaiser IV sighed last month, “but you become realistic.”
So the Read More
Location: As of today, you have nearly 10 listings under $1 million, but none over $10 million.
Ms. Teplitzky: When we realized the market was going, we basically made a switch. The market started to be active in the under–$1 million range. … 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
Is Dolly Lenz, the only broker in the world with her own BlackBerry commercial, the single biggest real estate agent in the nation? Or is the quieter 39-year-old Serena Boardman?
Ms. Boardman, a Sotheby’s senior vice president, takes the top spot in the annual list of the nation’s top brokers that a group Read More