Blog

At $90 million dollars the Woolworth Mansion located at 4 East 80th Street is currently the most expensive townhouse listed in the city. If sold at that price it would be a new record.
The listing was active through most part of last year until early September when it was taken off the market for a brief period. It is now back on the market.
The home rises to seven stories, has 10 bedrooms, 11.5 bathrooms and three kitchens. Other …

Obama vs. Romney: who is receiving more $ from the NYC real estate industry?
Data from the U.S. Federal Elections Commission shows that Obama, surprisingly, is getting more money than Romney from the city real estate players so far in 2012.
During the first eight months of the year, Obama’s campaign collected 921 donations worth $300,064 from New Yorkers working in real estate. During the same period Romney’s campaign was given 270 contributions worth $239,776.
This scenario is a complete …

When One57, the highly anticipated Extell development at 157 West 57th Street, is completed sometime next year, it will stand 1,005 feet tall with 90 stories – making this the tallest residential building. Sales began in November 2011 and about 60% of the units are sold to-date. Certainly the buzz around the building is not concerning the developer Gary Barnett. What does have him more than concerned is a possible gripe fest in the tower’s top 15 floors, where the …

There aren’t many players in the NYC real estate industry who are complaining nowadays. The market has been steadily improving since the beginning of the year. According to the real estate data firm Urban Digs, there were 2,856 Manhattan homes under contract in the first eight months of the year, about 30% more than the same time in 2011. Also there were 5,292 active listings, or about 22 percent less than a year ago.
New developments brought to market recently …

Actor David Duchovny, who is best known for his leading role in the “X Files” and who more recently starred in the Showtime series “Californication,” is in contract to purchase an apartment inside the Ardsley, an exclusive Central Park West co-op. The Ardsley, located at 92nd Street, has a mixed record when it comes to accepting celebrities. Barbra Streisand once had a penthouse there, but Mariah Carey was rejected by the board when she tried to buy Streisand’s apartment in …

Midtown East Rezoning
The Department of City Planning has made public the new plan to rezone Midtown East. The proposal allows for office buildings of over 900 feet in height to be built in the vicinity of Grand Central Station; outside of this core area the limit will be 700 feet.
The 20 year plan, that has to be approved by the City Council, aims at adding a few state-of-the-art office towers in order for Midtown East to maintain its …