The late Howard Ronson and his family had a dream—a dream of making the mansion at 828 Fifth Avenue whole again, as it was in the glorious days when coal magnates commissioned Fifth Avenue manses and robber barons ruled the land. But sometimes dreams die.
After a buying spree that netted four of the nine luxurious co-op units in the building, the family is giving up, The Wall Street Journal reports.
The family has decided to give one lucky buyer—a “person with vision”—the chance to purchase their failed dream for $72 million.
According to several first-quarter Manhattan housing reports released today – including ones from the Corcoran Group and Property Shark (PDF); Prudential Douglas Elliman and Miller Samuel; Brown Harris Stevens (PDF) and Halstead Property (PDF); and StreetEasy - condo and co-op sales have fallen precipitously from last year. Corcoran estimates that sales Read More
Jonathan Miller, president and CEO of Miller Samuel, showed up to a panel at the 92nd Street Y wearing a $39 suit. Except it had been marked down from $800, and it did double duty Thursday night as an explanatory device for the state of the Manhattan residential real estate market.
The message? Read More
A great tragedy of the subprime mortgage meltdown of 2007 and 2008 is the abundance of property owners who lost their homes or apartments to foreclosure. So there was some mild cause for hope when first-time foreclosures in New York City fell to 170 in December, a 12-month low.
Could it be that the Read More
On Tuesday morning, the jaw of every real estate obsessive in Manhattan was hanging way down on the radiant-heat floor. Besides a Page Six item about the aging doyenne broker Alice Mason downsizing her firm, which was not a massive shock, the social diarist David Patrick Columbia’s wonderfully patrician Web site had a massive real Read More
Remember 2006? When New York City was in the middle of its giddiest real estate run in the history of giddiness? Remember that the Corcoran Group’s holiday party was set in a faux-Roman palace, decorated with lightly-dressed actors in vintage costumes? Around 900 people drank up and patted each other on the back and talked Read More
Location: About your new market report with PropertyShark, is this an attempt to challenge the Douglas Elliman-Miller Samuel juggernaut or to gain greater name recognition in the industry?
Ms. Liebman: The Corcoran Report, which we started in the ’80s, was actually the first report to ever come out in Manhattan, so Read More
The heftiest brokerage in the city just lost three hefty senior vice presidents (and a VP too). Uber-broker Wendy Maitland (whom you may remember from this weekend as Madonna’s broker) is one of the recently departed (she’s at the top, on the middle left).
“Sometimes issues come up that make it better for Read More
Monolithic real estate firm NRT acquired Bridgehampton’s Allan M. Schnieder Associates this afternoon. (Sales prices, sadly, were not disclosed). Schneider will be absorbed into the Corcoran Group, thus combining the East End’s two biggest real estate brokerages.
We talked to the young couple, including Corcoran CEO Pam Liebman and Schneider principals (now Read More
In December, Barbara Corcoran told The Observer that if she wasn’t invited to the Gods and Goddesses-themed holiday party, she would probably crash it.
We’re actually not sure if Babs ever made it, but from the sound of this “event report,” Corcoran CEO Pam Liebman was definitely in control of the festivities. Read More