“Flip that money, make it do a handstand,” rapped Nicki Minaj in her 2009 mixtape. She was talking about flipping grams of cocaine, not real estate, but the George Simone Trust is hoping for similarly acrobatic feats at an apartment in Dumbo’s Clocktower Building that they’re trying to offload after less than a year of ownership.
Janna Bullock, the Russian mansion flipper who washed up on the shores of Brighton Beach after the collapse of the Soviet Union, did not have much luck with 12 East 82nd Street, but she’s clearly hoping for better fortune with 14 East 82nd Street. She recently listed the property for $25 million, selecting Nikki Field and Patricia Wheatley of Sotheby’s International Realty as the home’s listing agents (Ms. Field and Ms. Wheatley also sold 12 East 82nd).
Ms. Bullock picked up Nos. 12 and 14 in 2006, paying $14 million for the former and $12.2 million for the latter. She intended to combine the two homes into a massive 43-foot wide property, Richard Steinberg at Warburg Realty told The Observer (Ms. Bullock had promised him the listing, he said, only to give it to Ms. Field), but could never get the combo plan past the Landmarks Preservation Commission.
“There was nothing very special about it,” Warburg broker Richard Steinberg said of his latest sale at One Beacon Court.
Even if this is a very special building. “I guess between 15 CPW and One Beacon, these are the hottest condos in the city,” Mr. Steinberg allowed when The Observer pressed him on the sale.
Avenue’s June issue.
Last night, Avenue magazine threw a launch party for their newest–real estate-centric–issue. In a spread that stretches over 23 glossy pages, the kings and queens of Manhattan real estate strike their finest poses.
For Warburg Realty’s Richard Steinberg, the movie-star spread was fitting. “It’s the East Coast Hollywood,” he Read More
It is a truth universally acknowledged, that a baseball player in possession of an eight-digit contract with the New York Yankees, must be in want of an expensive condo on the eastern edge of the Upper East Side.
Indeed, now that the ink is dry on former Red Sox player Johnny Damon’s $52 million contract Read More
French billionaire and Christie’s owner François Pinault understands the luxury buyer’s motivations. And with numerous holdings in the art and fashion worlds, Mr. Pinault has finally lured a wealthy buyer for his $25 million duplex apartment at 515 Park Avenue.
Since May, the lavish apartment has been listed (for the same asking price) with Read More
They’re at it again. The fragile peace between the board of the Empire, a luxury condo on the Upper East Side, and the building’s developers fractured last week, and the knives are out again.
Despite the efforts of the State Attorney General’s office, which began mediating between the Empire’s board of managers and the developers-Aby Read More
PRIVACY SEEKING PARENTS FOLLOW GWYNETH, SARAH JESSICA On Aug. 16, in a nail salon across from Peter Coppola’s on Madison Avenue, a svelte blond Upper East Side mommy was working through her French manicure. There was a call to a fellow Horace Mann parent, then a lengthy message to her father’s voice mail, then a Read More
Upper East Side
Consider the scales tipped. After being up for sale practically since Lady Fairfax bought it for $12 million in 1989, the 20-room triplex atop the Pierre hotel on Fifth Avenue and 61st Street has found a buyer for just under $25 million, according to real estate sources.
Brokers said that Read More