Despite the seemingly endless appetite for trophy properties on the Park, the red-brick castle at 249 Central Park West could not fetch the kingly sum of $30 million. The fanciful property—one of nine brick and brownstone homes erected between 84th and 85th streets in the late 19th century by William Noble, a zealous builder whom The Real Estate Record and Builder’s Guide once deemed one of “the particularly bright stars of the coterie of men who have done so much to improve and enrich our city”— just sold for $17.5 million, according to city records.
Then again, the 10,000 square-foot townhouse was a very high-end version of a handy-man’s special.
Is now the time to rent? Should you continue to rent and hold off on buying? Where? What amenities do people really care about? NYO spoke to experts across the industry, who dished on where the rental market in Manhattan stands and what is expected for the fall. Read More
People don’t always think of Long Island City when they think of up-and-coming areas around Manhattan, but with amazing views of the Manhattan skyline and a developing artistic community and bar scene, LIC’s time is coming. Read More
Matt Chaban left Crain’s for The Daily News, where he started this week as the real estate editor on the features desk. Mr. Chaban covered real estate for The New York Observer before leaving these salmon-colored pages for Crain’s New York in January.
Although the bow-tied reporter was only at Crain’s for a short amount of time, he had nothing but nice things to say about the publication. And this one. And his new one (he started yesterday).
There go the business cards!
This year, tens of thousands of real estate agents and brokers in New York lost their fancy titles when the New York Department of State cracked down on the use of corporate honorifics (such as “managing director” and “senior vice president”) for agents who do not perform any actual corporate duties. Read More
In a move that’s left smokers gasping, a major New York real-estate company has banned smoking on all of its properties, including on private terraces and balconies.
Related Companies, which owns and operates apartments and condominiums all over the city, is now making new tenants sign a document promising not to smoke inside their apartments Read More
For the high-end real estate brokerage house Brown Harris Stevens, size is not what matters. The firm has just 350 agents and eight New York offices (as well as six in the Hamptons and two in Palm Beach). “We are not about being big,” says the company’s dapper president, Hall F. Willkie. “Just about being Read More
7:45 AM: Ryan Serhant, the former hand model/soap opera actor-turned-real estate superstar, beats The Observer to his Tribeca office by an hour. “I’m always the first one in,” brags the 28-year-old broker at Nest Seekers International, a boutique real estate brokerage firm.
He has been up since 4:23 a.m, was at the gym by 5 a.m. and in the office shortly thereafter. When we offer to go for a bleary-eyed coffee run, he yells from his office, “Don’t forget to write about how you were an hour late!”
In each issue of NYO, The Observer’s new real estate and lifestyle supplement, we will spotlight a different neighborhood. And what better neighborhood to start with than the venerable, diverse, complicated, constantly evolving Upper East Side, where The Observer was born and first trained its sights. The Upper East Side encompasses a large swath of Manhattan—stretching Read More
Toddlers in towers
Remember the days when a Barbie Dream House seemed like a splurge?
This week, a Chinese mother paid $6.5 million for a condo in Midtown’s One57 for her two-year old daughter to use when she goes to college, according to the Daily News.
As Kevin Brown of Sotheby’s international explained in an Read More