Movers and Shakers
Two years ago, in the months before the fall of Lehman Brothers, when New York’s economic lily was still contentedly gilded, crafting a list of real estate’s biggest machers was pretty easy: Moguls X, Y and Z had done deals A, B and C, and the business of real estate ticked along.
Then came the Read More
Howard and Edward Milstein’s sale of 11 Times Square–the hole at 42nd Street and 8th Avenue–went through last month for a total of $305,952,384, according to online property records, which comes to about $350 a zoning square foot. (The Times had it as “more than $260 million” when the contract was signed.) And it’s Read More
ONE BROKER CALLS IT ‘A MONSTROSITY,’ BUT MASTER BEDROOM IS TO DIE FOR In September, when Edward Milstein, a partner of the $5 billion real estate company Milstein Properties, listed his co-op at 101 Central Park West for $18 million, the sprawling and hyper-designed apartment–which takes up 7,000 square feet of park-front space on the Read More
In 1983, Paul and Seymour Milstein took a gamble on 42nd Street. Hoping for an inside track on Times Square’s redevelopment, the brothers, in partnership with the family of Manhattan real estate baron Jack Weiler, set down $5 million for a 40,000-square-foot parking lot at the corner of 42nd Street and Eighth Avenue.
Through ups Read More