Red Carpet Real Estate
While apartments across the river in Manhattan sell for nearly a hundred million, Brooklyn is breaking into the double digit club. Turman Capote’s house in Brooklyn Heights recently sold for a record-setting $12 million, the Daily News reports. The previous record was an $11 million single-family house in the same tony neighborhood.
It’s a sad fact that whenever we hear a story in the news about Courtney Love trashing a room–be it hotel, her own home, or otherwise–we’re inclined to just assume that it’s true. Not so!
Despite a claim by Ms. Love’s current landlord at her 250 West 10th Street townhouse that the rocker had not only fallen behind on her $27k-a-month rent, but set it on fire as well, the case has been thrown out of court. Mrs. Love will not be evicted after all. Hooray!
Two months ago, we were introduced to James Ramsey and Dan Barasch, the duo who were proposing to turn the abandoned Delancey trolly tunnel underneath Essex Street into an eco-friendly environment from the future called the Low Line.
Despite the very real chance that the Low Line won’t get any public funding (making it near impossible to build), the media has picked up on this whimsical idea…mainly because we had no idea that every time we looked across the platform on the JMZ to Brooklyn, we were staring directly into a 108-year-old cavern. With signs of human life.
Have you ever driven down a street New York City and thought to yourself, “If only we could reduce the speed limit here by 10 miles per hour?”
Probably not. And despite a similar program in place in London and New Jersey, the roll-out of the city’s first “Slow Zones” today in the Bronx doesn’t foretell a fast-tracked future for the project.
Yes, it’s true: New Yorkers are facing stiff competition in the real estate market from highfalutin foreign buyers. And where precisely are these buyers coming from? China, Russia and Brazil, according to a break-down from The Real Deal.
With all the New York-based celebrities out and about this week to commemorate Fashion Week, the U.S. Open, and the decade anniversary of 9/11 (not necessarily in that order), it was easy to miss Jeremy Piven strolling down the streets of SoHo yesterday afternoon. After all, he was doing his best to remain inconspicuous with his litany of accessories, including a baseball hat, a statuesque female friend to hide behind, and two bodyguards whose idea of not looking like hired muscle involved ironic t-shirts.
Little, low-budget, independent films every week, every month, all year long … that’s what keeps the dying movie business from its own burial, six feet under. A Little Help, written and directed by Michael J. Weithorn, is a benign slice of life about suburban angst on Long Island. It’s not much, but thanks to the Read More
Sparring in the Hood
A few years back, Christopher Kwiatkowski arrived at a work meeting in Manhattan and drew prolonged stares. Mr. Kwiatkowski had a broken nose and two black eyes.
“It looked as if I had been in a bar brawl and I had to address the issue right away,” recalled the 39-year-old real estate pro, who specializes in high-end condos and hotels. “I told them, ‘I am a kick boxer and I had a fight last night.’”
The Daily News reports that a community college professor has tasked his marketing students with coming up with ways to market the borough to tourists. Seems, oddly enough, that Brooklyn’s northern neighbor lacks allure. From the story:
Organizers are betting the students will offer fresh perspectives on pitching the borough to visitors through social media like Facebook and Twitter.
The multi-family apartment building market in New York City is viewed as a leading indicator of the marketplace in general. It has historically received the highest level of demand from buyers and is, without question, the sector that lenders view most favorably. This is because rent regulation keeps rents in most New York City buildings Read More