Ladies, gird your loins—indie film star and would-be prostitute Vincent Gallo is moving to New York. (In case you’re curious, Mr. Gallo offers his services for $50,000 a night, $1 million for sperm and another half million if you want “natural insemination,” according to his website.)
Mr. Gallo, perhaps best known for being fellated by Chloë Sevigny in his 2003 art house film The Brown Bunny, just picked up a one-bedroom condo at 100 Eleventh Avenue, Jean Nouvel’s bespeckled blue West Chelsea erection. He snagged the apartment from Diane Zuckerman and Michael Hite, who were apparently desperate to sell, because they parted with the fifth-floor unit for $2 million—a hefty discount from the $2.4 million that they paid the developer for the unit back in 2010, when the city’s real estate market was still reeling from the recession.
It’s a bird, it’s a plane, no it’s a car elevator! Penthouse 1 at Annabelle Seldorf’s notorious “sky-garage” condo project at 200 Eleventh Avenue has had a hard time finding the right buyer. The three-bedroom, 3.5-bath first hit the market in 2007 asking $9.5 million only to decide a few months later that an apartment Read More
Both Perry Rubenstein and his wife, Sara Fitzmaurice are adept sellers. As an art dealer, Mr. Rubenstein has sold millions of dollars of artwork to collectors across the globe. Ms. Fitzmaurice, the founder of PR mega-company Fitz&Co, sells brands, ideas and campaigns for the art world. It should come as little surprise, therefore, that the two have sold their Chelsea apartment for an incredible profit.
Real estate investor Joseph Chetrit closed on his nearly $80 million Chelsea Hotel buy early last week, and now information has trickled out about how he and junior partner Clipper Equities paid for it.
They got an $85 million, 36-month loan from Paris-based banking behemoth Natixis. The loan has a 12-month repayment extension option, and was brokered for the borrowers by Meridian’s Ronnie Levine and Aaron Birnbaum. (Real Estate Weekly has more news on the loan.)
Clipper, incidentally, was the controversial would-be buyer of the massive affordable-housing complex in Brooklyn, Starrett City, offering $1.3 billion in 2007.
Here is the reassuring letter, obtained by The Observer and dated Aug. 4, that several local politicians, including City Council Speaker Christine Quinn and Congressman Jerrold Nadler, sent to tenants at the Chelsea Hotel. A lot has been going on there.
Shortly before noon last Thursday, a woman with a German accent stepped to the front desk of the Chelsea Hotel, and demanded in clipped English her reservation.
“The hotel’s closed,” said a distracted employee behind the desk. He was holding a severance letter presented earlier by the hotel’s new owner, The Chetrit Group, led by the enigmatic real estate investor Joseph Chetrit, whose holdings include the Willis Tower in Chicago, North America’s tallest building, and over 4.9 million square feet of commercial space in New York City.
“Closed? I have a reservation, please,” the woman said.
She got no answer. Sensing something, she tried again.
“Is this the InterContinental?”
Robert Lynn, who’s managing sales for the new condos at 540 West 28th Street, has a thing for white oak floors.
“I’ve been doing this for 12 years, and I’ve never seen a developer go with floors like this,” he said. “I’ve had experienced brokers in here be blown away by these floors.”
All 91 Read More
Pouring rain: bad for walking in the park, but apparently good for apartment hunting. Broker William Landhauser said that he had seen noticeably more people than usual at his Sunday open house, a Chelsea condo built by Douglaston Development just a few blocks from the High Line.
The condo, at 555 West 23rd Street, Read More
The notorious West Chelsea nightclub where the actress Lindsay Lohan honed her pole-dancing skills may soon be back in business.
Real estate investor Robert Gans has purchased the shuttered Scores West building at 533-535 West 28th Street, where scantily clad dancers entertained numerous celebrities over the years, ranging from radio host Howard Read More
Last Thursday’s fatal shooting at celebrity hangout Stereo recalled an interesting quote from The Observer‘s September 2007 article about the since-shuttered Chelsea nightclub’s recurring legal troubles:
"Stereo strongly believes that their patrons from Tuesday through Saturday are generally not into fighting or carrying weapons."
That line comes from a court-ordered Read More