Building Blocks

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Revving Up Mercedes House: As Rentals Get Off to a Fast Start, Two Trees Wants to Rename 11th as West End Avenue

Who would want to live all the way out on 11th Avenue, at 54th Street, no less? What’s there? Nothing! Except the Mercedes House, where the answer to first question appears to be: everyone!

According to Two Trees’ Asher Abehsera, the second phase of the massive Far West Side development has been renting faster than a sports car, with more than half of the units gone since coming on the market a little over two months ago. So far, 174 of the 384 units have been leased, and move-ins are underway—without the help of any outside brokers, Mr. Abehsera said.

“I don’t know that other people have done 170 apartments at market-rate prices with no outside brokers in two and a half months. That’s probably a big deal,” he said. Read More

Red Carpet Real Estate

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Master Bedroom

Your Very Own White House! Rent President Obama’s College Apartment for $2,400/month

Ever dreamt of living the life of the most powerful man in the country but can only afford a railroad, two-bedroom share, third-floor walk-up? Look no further.  Your presidential suite awaits you.

What was once Barack Obama’s crash pad in his Columbia University days is back on the market for $2,400/ month. Not a bad deal for an Upper West Side two-bedroom but back in 1981 Obama and his roommate paid a monthly grand total of just $360. Oh, the days. Read More

The Rent

Cover your eyes! (WalkerSister, flickr)

Manhattan Renters Beware! You’re In For A Scare

Watching the Manhattan rental market is like watching Saw. It’s fascinating and terrible and nauseating all at the same time.

Well, get ready torture porn fans, because the second quarter market rental reports are here. Our protagonist has just stepped into a car with a stranger to find that the inside door handle has been removed from the passenger side. Let the carnage begin! Read More

Red Carpet Real Estate

Adieu! (Getty)

Dominique Strauss-Kahn Way Overpaid for His Tribeca Townhouse

“I’ve never had anything else like this, it was so much more than any other celebrity-type deal that I’ve done,” Robert Dvorin said of his fresh listing at 153 Franklin Street in Tribeca. “This was another level, this was worldwide. It was on the front page of every paper, a lot of papers all over the world. I don’t know how many deals—I don’t know if I’ll ever have a deal like that again.”

For $50,000 a month, or $13.995 million for good, Dominic Strauss-Kahn’s house-arrest nest can become home. Read More

Red Carpet Real Estate

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A swanky spread.

Got $50,000? How About $14 M.? Dominique Strauss-Kahn’s Tribeca Townhouse Can Be Yours

Dominque Strauss-Kahn is packing up and leaving New York, according to the Post. “Bon débarras!” he must be thinking. It’s only been a week since the French financial figaro was set free, but already he’s booked it to Washington, and it looks like he is through with New York. But that is his loss and one lucky New Yorker’s—or wealthy foreigner’s—gain, because Mr. Strauss-Kahn’s townhouse at 153 Franklin Street in Tribeca is now back on the market. Read More

Red Carpet Real Estate

Blame it on the beard. (Getty Images)

Kelsey Grammer Flops at 15 CPW

Blame it on the beard. (Getty Images)

Kelsey Grammer has a thing for starchitecture, having recently traded a rental at Robert A.M. Stern’s 15 Central Park West for his own condo at Jean Nouvel’s “Vision Machine,” 100 11th. His star power, however, has not helped him find a replacement for his rental. Read More