If you are thinking of buying in Midtown, Manhattan, take a look the profile of Turtle Bay written by the NYT. One of the few areas that remains a neighborhood and still has affordable apartments relative to the surrounding neighborhoods. As Manhattan nabes expand, will this be a great investment?
According to NYPOST, the Real Madrid soccer star has bought a 2509 sqft condo in Trump Tower at 721 Fifth avenue. Speculation is that Ronaldo may be coming to play for the New York City FC or the Red Bulls. He purchased the apartment for $18.5 million from one of Donald Trump’s partners Alessandro Proto.
The Trump Tower was built in 1983 and has 238 units spread over 58 stories. Currently, the most expensive listing is 3725 sqft and being offered for $23 mm and the least expensive listing is a 1058 sqft 1bd/1.5 ba apartment for $2.4mm.
According to HauteLiving, the highest penthouse in NYC is no longer on the market thanks to a Saudi Arabian billionaire-Fawaz Alhokair. The 8,255 square foot condo has 6bd/7bathrooms and a wood burning fireplace. $95 million was the reported price. If and when this deal closes, it will be the 2nd most expensive residential apartment sold in Manhattan behind the purchase of two floors atop the poster child for Billionaire’s Row: One57.
Mr. Alhokair’s company operates more than 2100 stores in fashion including having licenses for Zara, Banana Republic and Gap.
432 Park avenue is currently the tallest residential building in the Western Hemisphere. Prices start at $17mm up to $81mm for another penthouse. The building will have 125 units spread over 96 floors.
Apparently, a co-op Board in Tudor City requested a potential purchaser to bring in their minor child for the Board interview. The buyer balked and got out of it by writing a convincing letter to the Board underscoring why she didn’t think this was a good idea. The Board smartly gave in and later on approved the buyer’s purchase of a $250k pied-a-terre at the Woodstock Tower. The buyer has since made a complaint with the Attorney General and is hoping to stop other Co-op Boards from doing the same practice.
I once had a co-op on Lower Fifth avenue that was going to interview the dog. Well, actually, they would have taken him for a walk and there would have been a 2 week grace period where the new purchaser would have to remove the dog if there was an incident. Thanksfully, the buyer chose a condo instead…
Read the DNAInfo article below.
The 65 story, 93 unit building launched sales about 6 weeks ago. 6 apartments are already in contract and there are 12 availabilities according to Streeteasy.com. The building which is at the corner of 2nd avenue and runs from 57th street to 56 street features a 34th floor full of amenities including a 75-foot swimming pool, a fitness center with yoga,pilates, and spin rooms plus a lounge and library with18′ ceilings and a 70′ terrace. To see current pictures click through. Continue reading 252 East 57 street New Development update