To seasoned retail brokers, the very concept of the next big neighborhood in a city that has been developed several times over is, well, naïve. Still, as The Commercial Observer recently learned, most are still looking for a reason to believe.
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Fancy French fashion powerhouse Perrin Paris will be launching its first flagship New York City store at the Carlyle Hotel, The Commercial Observer has learned.
The century-old, family-run luxury leather goods company--founded in 1893, to be exact--will rub elbows with fellow swanky retailers Vera Wang, Stubbs & Wootton and Yves Delorme Linens at the 987 Madison Avenue hotel.
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Yesterday, august real estate brokerage Prudential Douglas Elliman celebrated its 100th birthday. By order of the mayor, yesterday was declared Douglas Elliman day, in honor of the broker who founded the firm at 412 Madison Avenue and is often credited with making uptown chic. Firm owners Dottie Herman, Howard Lorber, even the ghost of Elliman Read More
Philanthropist and Prudential Elliman real estate broker Marion Hedges is in critical condition after a vicious prank by two Harlem teens, the Post reports. Ms. Hedges was buying Halloween candy at Target when the pair pushed a shopping cart off a four story ledge, knocking Ms. Hedges to the ground as her young son screamed.
A doctor who happened to be passing by gave Ms. Hedges CPR for a full minute before she became responsive. Rushed to the hospital, Ms. Hedges is currently in a medically induced coma. Read More
For decades, Dorrian's has stood sentry on the Upper East Side, the quintessential prepster hangout and high schoolers' mecca. Carol Dorrian Carbonetti, daughter of the bar's proprietor Jack Dorrian, has lived not so very far away with her politico husband, Tony Carbonetti. But unlike the bar that has watched over many a debauched youth, the Carbonettis are on the move. The couple has sold their uptown digs at 52 East 72nd Street. Read More
The estate of esteemed music writer Joan Peyser has sold her West Village townhouse at 19 Charlton Street. Peyser passed away in April of this year, and the 23-foot wide Greek Revival home was promptly put on the market. Read More
Your basic Brooklyn apartment will get you a chic interior and hardwood floors, but little room for a kitchen table.
"Where do you put a kitchen table? Does no one eat around a table in New York?," asked one potential buyer on Sunday. Read More
Surprise, surprise—the new Douglas Elliman and Miller Samuel report shows that North Brooklyn home sales have more than tripled during the past year, which is just further evidence of expansion in an area that's growing in popularity with the young people.
Sales in North Brooklyn, which includes Williamsburg and Greenpoint, went from 127 units at this time last year to 402 units in the second quarter of 2011, a significant increase that could partly be attributed to trendy new condo development The Edge. The complex has 565 units and, according to its website, is more than 50 percent sold. Read More
It would seem by a new report that there are either (a) a lot of people leaving Brooklyn; or (b) a lot of opportunities to move to Brooklyn. It's got to be (b), right?
The number of homes offered for sale in the BroBo paradise jumped 11.5 percent annually in the second quarter, according to a new report from Douglas Elliman and Miller Samuel, and the average number of days spent on the market hit 142 days, up from 103 days during the same time last year.
More apartments and brownstones gone wanting? For a month-plus longer than last year? What gives? Read More
Gregory Spock is used to performing librettos before rapt audiences in concert halls from Hartford to Florence. Recently, the 26-year-old has found more intimate venues within the exposed-brick walls of New York townhouses. A Roland keyboard or a baby grand to his right, a pink bow tie around his neck, a songbook in his hands—Verdi always wows `em—Mr. Spock delivers bursts of baroque beauty, all for salesmanship.
Mr. Spock joined Manhattan brokerage Rubicon Property four months ago, after receiving his broker’s license in the winter. He said his new boss liked him for his creativity, which means saving money on those showings.
“A lot of people have food or wine now, but the entertainment isn’t thought out.”
Because who isn’t lulled into signing a multi-million dollar contract by the plaintive moans of Aida?
During last decade’s real estate boom, the real estate party, usually in a newly built condo tower, was a staple of the industry. After the recession hit, nobody could much afford them. Now they seem to be hobbling back, along with the real estate market. Read More
As it turns out, we're all screwed (except uptown)—the latest second-quarter data from Douglas Elliman and Miller Samuel shows there isn't much discrepancy between rents on the East Side, West Side and downtown in Manhattan. And the net rates just keep on rising. Read More
Co-ops are the dominant form of for-sale housing on our fair isle, more difficult to get into (persnickety boards that have recently gotten that much more uppity) and generally more expensive to buy (bigger down payments and more stringent financial requirements). They account for roughly two-thirds of the Manhattan housing stock, with condos comprising much of the rest.
But, for a while there during the last decade, condos overtook co-ops as the preferred housing choice, maybe due to looser mortgages or just the simple ubiquity of all those gleaming, new towers. This reporter recalls offhand a study done by The Real Deal magazine that showed more than 9,000 condos proposed for Manhattan in 2005 alone—and most of them subsequently got built.
It appears, though, that the dowager has risen. Read More
Here it is, the record-setting Tribeca penthouse. Can it turn a 50% investment?
The Prudential Douglas Elliman listing says it was designed to "provide maxium exposure," which makes sense since this $45 million Tribeca penthouse is quite literally a giant glass box on top of a building.
The 7,493 square foot property features a Read More
The Prudential Douglas Elliman listing for this $29,000 a month loft calls it the "perfect home " with "soaring ceilings, exposed brick and numerous windows" making it perfect for "a couple, a large family or even the ultimate bachelor/ette."
So basically anyone with $29,900 a month to drop on an apartment.
The rest of the Read More
You better get on this Douglas Elliman listing, and fast, if you still want to pay $34.5 million for it. What with it's location atop Trump World Tower, the price should start climbing higher as time goes on. The Donald's got a presidential race to run, for chrissakes, and they cost money!
The 5,500-square-foot Read More
