Manhattan Transfers

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Downing Street Townhouses

Last of the Brand-Spanking New Downing Street Townhouses Sells For $14.38 M.

The last of the three Downing Street townhouses, a row of faux oldies developed by Gary Sherman and 1100 architects, has sold for $14.38 million, according to city records, proving that if you build a luxury townhouse, they will come.

Although there was initially some doubt that buyers would flock to modern sandstone townhouses in the West Village when they could have the real deal—creaky stairs, historic cachet and all for roughly the same price—some would-be townhouse dwellers are apparently unconcerned with hanging a plaque outside their front door. Read More

Parties

Seal in '06. Those were the days.

Salesmanship in D Minor: The Real Estate Party Returns, In a Way

Gregory Spock is used to performing librettos before rapt audiences in concert halls from Hartford to Florence. Recently, the 26-year-old has found more intimate venues within the exposed-brick walls of New York townhouses. A Roland keyboard or a baby grand to his right, a pink bow tie around his neck, a songbook in his hands—Verdi always wows `em—Mr. Spock delivers bursts of baroque beauty, all for salesmanship.

Mr. Spock joined Manhattan brokerage Rubicon Property four months ago, after receiving his broker’s license in the winter. He said his new boss liked him for his creativity, which means saving money on those showings.

“A lot of people have food or wine now, but the entertainment isn’t thought out.”

Because who isn’t lulled into signing a multi-million dollar contract by the plaintive moans of Aida?

During last decade’s real estate boom, the real estate party, usually in a newly built condo tower, was a staple of the industry. After the recession hit, nobody could much afford them. Now they seem to be hobbling back, along with the real estate market. Read More

Dolly Lenz Falls to Earth

On Feb. 12, after seas of silk-scarved, shiny-shoed, power-suited real estate brokers shuffle into the Pierre’s ballroom, the colossal real estate brokerage Prudential Douglas Elliman will name its broker of the year. Just as it’s been since Dottie Herman and Howard Lorber bought the company in 2003, and as it will be until the day Read More

The Afternoon Wrap: Friday

  • A skinny, possibly “gloomy” Harlem townhouse is granted “Estate of the Day” honors at Luxist. Why? The 1910 house has a planted terrace, garden, 12-foot-high parlor floor, and original details like mahogany-framed windows and carved staircase. [Lux]
  • The ‘New Park Slope’ bears shockingly little semblance to the original. Unless the old Park Slope Read More

  • “Luxocrats” Keep Buying in 2006


    40 Bond Street. So who’s the $15 million buyer?

    It seems that now is the right time to start looking at the first half of 2006. And broker Leonard Steinberg, of Prudential Douglas Elliman, has just dropped the newest “Luxury Letter” in our inbox.

    So how’s the high end–or “luxocrat”–market looking Read More