New Townhouse Standard: $20M

Even in the Upper East Side real-estate market, where already-astronomical prices continue to climb each year, there are standouts.

And this coming year, one new group of them is being closely watched over closed-circuit TV in Manhattan’s real-estate star-chamber: the 15 Upper East Side townhouses presently on the market for more than $20 million. Read More

The $25 M. ‘Red Dot’

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

The $25 M. ‘Red Dot’

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

Summer’s Almost Gone


Although Katrina’s aftermath and William Rehnquist’s death rightfully dominated the news cycle this long weekend, there’s still interesting real estate news out there.

The New York Times provides an update (2nd item) on a deal that The Real Estate reported in July, involving China’s most famous woman, Yue-Sai Kan. Read More

Yes, I Kan!

China’s most famous woman, Yue-Sai Kan, already owns a tony, Sutton Place townhouse. But that didn’t stop her from snatching the one next door.

The cosmetics tycoon recently purchased neighbor Sandra McConnell’s 23-room dwelling for $16,000,000, according to a source close to the deal.

The red brick, Georgian-style townhouse was a direct deal Read More

Society Goes Gaga for Yue-Sai, The Most Famous Woman in China

Yue-Sai Kan, the most famous woman in China, was sitting in her office in her enormous, opulent townhouse on Sutton Square on Manhattan’s East Side. I had been gazing longingly out the window at the huge backyard she shares with United Nations Secretary-General Kofi Annan, architect I.M. Pei, singer Robert Goulet and eight others. Read More