With Widespread Unemployment and a Revolution Brewing Downtown, Why Shouldn’t You Live Like Marie Antoinette?
For years now, the Drake Hotel site at the corner of 57th Street and Park Avenue has been one of the most closely watched developments in the city. A historic hotel was destroyed to make way for a mystery project that has grown all the more intriguing as it actually looks like it might get built. Mysterious California developer CIM teamed up with Harry Macklowe, the site’s former owner and fifth-act maestro, and now details are dribbling out that make for some jaw-dropping possibilities. Read More
For the Manhattanite with a taste for art, few neighborhoods are as compelling as Carnegie Hill. L’Oreal CEO Laurent Attal, for example, recently made the Carnegie Hill plunge, plunking down $1.3 million for an East 89th Street home.
While much of the article is a by-the-numbers status report on what’s built and what’s stalled, there is an undercurrent emphasizing Read More
Is a shiny new Park Avenue condo fated to become the next Sheffield57?
On behalf of the owners of the building’s 110 units, the board of managers of the luxury condominium 260 Park Avenue South is suing the building’s landlord, Tessler Developments, over a first floor concrete hole. And they’ve filed a complaint with Read More
Editor’s note: Cold Case is a new feature on the fates of New York’s oldest residential real estate listings.
It’s hard out there for luxury watch moguls with luxury Park Avenue townhouses. Benny Shabtai, the Raymond Weil executive, first put his 13-room townhouse at 870 Park Avenue on the market back in February 2004, Read More
This time last week, The Observer was glumly obsessing over all the listings that had just been given multimillion-dollar price cuts. But nothing was as tooth-rattling as this: WWD is reporting that Brooke Astor’s 778 Park Avenue duplex has been cut from $46 million to $35 million.
That, if you’re counting, Read More
Mick Jagger’s ex-wife Bianca has finally lost her 18th-floor rent-controlled Upper East Side apartment. In a unanimous decision, the Court of Appeals just declared that Ms. Jagger, who is in the United States on a tourist visa, could not have been keeping the Park Avenue sprawl as a primary residence, which violates New Read More
In my Manhattan Tranfers item today on gold watch guru Benny Shabtai’s townhouse at 870 Park Avenue, I tried to figure out why someone who couldn’t sell his house in 2006 for $19.9 million would try selling it now for $33 million.
The Brown Harris managing director John Burger, who isn’t involved with Read More
Philip Morris parent Altria has sold its headquarters building at 120 Park for $525 million to Global Holdings, Inc., a real estate company operated by investor Eyal Ofer.
Altria has owned the site (and subsequent building) since at least the late 1970′s, according to property records. The firm announced today that it Read More