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
Unreal Estate! The 740 Park spread of alleged Madoff enabler Ezra Merkin. Read More
When brokers from the most posh Manhattan brokerages filed into a penthouse at 133 East 64th Street for a secret meeting earlier this month, the fact that the place had been seized two weeks earlier by U.S. marshals from contemporary America’s greatest financial villain was not the only thing on their minds.
What must have 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
Last month, when The Times reported that the Manhattan real estate market had become “so unnerving to buyers that some are forfeiting six-figure deposits rather than close on deals,” Joan Raines must have giggled.
Before last year’s Lehman collapse, Ms. Raines, the daughter of the Pat Nixon–endorsed postwar fashion designer Adele Read More
I have never thought, ‘Oh, I have to make millions of dollars,’” Alice Mason said last week in her Upper East Side living room, panther-shaped Cartier brooch pinned to her black Armani pantsuit. “What I wanted to do was change the way New York worked.”
In December, the 77-year-old Manhattan real estate doyenne closed Read More
As if it weren’t already hard to navigate the elite little world of Manhattan’s quiet mega-listings—that parallel universe where massively expensive trophies come on the market without actually coming on the market—there was an odd dust-up this week between lordly broker Edward Lee Cave and the writer Michael Gross.
Mr. Gross had reported Read More
Not that there are swarms of highly-qualified co-op buyers running around the Upper East Side with money to spend on 32-room duplexes, but, just in case, there’s some good news about one of the heftiest homes in New York City.
After Michael Gross, who literally wrote the book on 740 Park, reported that Read More
This Sunday, when a Times item reported that Brown Harris Stevens would be taking over the iconically genteel Edward Lee Cave boutique brokerage, baffled gasps echoed down Fifth Avenue. The firm will live on as a division of Brown Harris, said the headline—but “as an independent division,” said the piece.
Did that mean the Read More
Forget the Plaza duplex that Tommy Hilfiger put on the market for $50 million, and the $46.5 million Kress family’s penthouse, and Brooke Astor’s $46 million co-op, and the duplex that zinc magnate Bill Flaherty is listing for $43 million.
A source told The Observer yesterday evening that the Read More