Manhattan Transfers

9 Photos

110 CPS Penthouse Sells For $18 M.

Central Park South Penthouse Sells For a Disappointing $18 M.

With all the recent $95 million and $100 million listings, it can be easy to lose sight of the fact that not all luxury apartments can be sold for a 500 percent profit, not even all penthouses on the Park.

Indeed, the 23rd-floor penthouse of 110 Central Park South did not manage to fetch the $27 million it was asking when it came on the market in May 2011. And the owners—VRHNYC, LLC—were only hoping to double the $12.9 million that they paid for the apartment back in 2006. Read More

Stratospheric Sales

Are these $90 million views? (Extell)

Billionaires, Act Fast! Turns Out One57 Is 50 Percent Sold Out

If only Gary “The Best” Barnett were editing The Times, the Gray Lady wouldn’t have buried the lede.

“I think the story got a little carried away,” Mr. Barnett told The Observer by phone this afternoon. He was referring to a report in today’s Times that Extell, Mr. Barnett’s development company, had sold the penthouse at his 1,005-foot One57 luxury tower for somewhere in the neighborhood of $90 million to $100 million.

We asked how—and why—the sale had been kept under wraps for a few of months now, even as the price was raised from $98 million to $115 million in the face of the sale of Sandy Weill’s $88 million spread at 15 Central Park West. “We wanted to tie the two together,” he said, “the penthouse announcement and the fact that we’re 50 percent sold. We thought 50 percent would be the big news, but shows what we know.”

As though he doesn’t know exactly what he is doing.

Still, Mr. Barnett has a point: The Times totally ignored (downplayed) the 50-percent-sold news, not mentioning it only once. (See Correction below.) Read More

Skyscraper Living

20 Photos

The Pei Penthouses at the Centurion

The Pei Penthouse! Architect Offers Visions for His Centurion Crown, Hoping to Sell $39 M. Spread

“This is an interesting part of town, because we’re in a congested, urban, commercial district, full of hustle and bustle,” Sandi Pei said, standing inside the penthouse of the Centurion last Thursday evening. “And yet we wanted to create a sense of calm and ease when you entered the building, make it a refuge.”

Part of the appeal of living of New York is its inherent energy and vibrancy, but all that action can be wearying—especially if you happen to call the middle of Midtown home. It was this tension, between the hustle and bustle outside and the calm within, that inspired Mr. Pei and his father, the Pritzker Prize winner I.M. Pei as they designed the Centurion, right in the middle of Manhattan at 33 West 56th Street. One need only step into the quiet, nearly romantically lit lobby to feel the city melt away. (This is no PR b.s.: this is truly one of the nicest, most embracing lobbies The Observer has ever set foot in, like warm blanket of marble and mood lighting.)

The building has seen respectable sales, since it came on the market in 2009, but 13 of the 39 units remain available, including the three penthouses. To help push sales along, and demonstrate the true potential of the spaces, which currently sit bare, the developer contracted Sandi Pei’s firm, Pei Partnership, to design two sets of interiors for the penthouses, which range in price from $12.3 million to $14.5 million. All three can be had for $39 million, to create a zen-like triplex spanning some 9,098 square feet. Read More

Manhattan Transfers

Not so edgy, are we? (Curbed)

Williamsburg Loses Its Edge: Banker Buys Penthouse

If the construction of The Edge condominiums on the North Brooklyn waterfront, along with North Side Piers next door, did not seal the fate of Williamsburg As We Know It, then the latest sale in the building certainly has.

The two-towered condo project has been the best selling building in New York through the first half of the year, and helping propel it to that point is Jordan Milman, a former Deutsche Banker trader who left the firm last year to help found a hedge fund. According to The Journal, Mr. Milman and his pals at LibreMax weren’t down with the Volker Rule.

Could things get any less hip? Read More

Red Carpet Real Estate

Did Carl Bernstein Just Move to Soho?

Following his Watergate days, Carl Bernstein became a fixture of New York society, living the uptown life with the likes of Nora Ephron, Bianca Jagger, Martha Stewart, and now his wife Christine Kuehbeck. Yet it seems the sometime rock critic may have gotten hip to downtown living.

The inimitable Jennifer Gould Keil is reporting in Read More

Madoff Penthouse Listed, Finally

Last Wednesday, The Observer reported that the brokers Anne Corey and Serena Boardman would be marketing Bernard Madoff’s penthouse. But it wasn’t until late Friday that their $9.9 million listing finally came online.

The thing is a doozy.

Under the headline Sophisticated Penthouse Duplex, the brokers describe the villain’s lair thusly: “Perched atop Read More