275 West 96 street is a condo building that sits at the corner of 96th street and Broadway and was built in 1983. It has a swimming pool, health club, children’s playroom, and garage among it’s amenity package. The Columbia is 32 stories high with 320 units and was developed by William Zeckendorf Jr.
Many of the apartments have baconies and views of the Hudson. Current availabilites include two apartments-a 1 bedroom for $949k and a 2bd/2ba for $1,500,000. Common charges and taxes combine for a normal $2 per square foot especially given the large amount of amenities.
Rentals are available at $3500 for a 1 bedroom and slightly more than $5k for 2bd/2ba.
Brazilian Billionaire Edson Bueno who sold most of his stake in his insurance and hospital company to UnitedHealth Group for $4.9 billion 3 years ago, purchased his 80th floor crash pad in One57 for $53M. According to NYDN, he bought it under a corporation. The apartment is 6240 sqft with 4 bedroms and 4 bathrooms and is located in the building that holds the record for most expensive residence sale at $100.47M. The apartment will be used as a pied-a-terre when the family is in NYC.
This sale is the ninth most expensive of all time in NYC but will likely be pushed lower on the list with several new condos being built in around Billionaire’s Row including 220 CPS which has already over $1 billion in sales according to reports.
Three townhouses on Manhattan’s Upper East side near Central Park,located at 12-16 E 62 street are up for sale for a combined $120M. The properties can be combined according to NYDN, to make a 30,000 sqft mansion. These properties are owned by a firm that has been linked to the Brazilian banking family, Safra. The three buildings if combined will have 73 feet of frontage between Madison and Fifth avenue. An additional adjacent building can also be transferred for $35M. Read the full article below.
Noho whose borders run from Houston to E 8 street between Bowery and Mercer, is having its’ moment now according to NYT. According to data, prices have appreciated substantially in the last 4 years with 3 bedroom apartments appreciating the most at 140% over their 2010 numbers. Two bedrooms increased 59% in the last 4 years. These numbers though are skewed because most of what gets sold in the 2-3 bedroom range is new construction. Continue reading Noho NYC neighborhood profile→
According to the NYT, buyers prices out of Manhattan’s Noho,Soho, and NoLita are now turning their attention to the Lower East side. Once a very gritty neighborhood, that grit is being replaced by new condo developments. Additionally, the area is changing as well due to the purchase of resale apartments where according to data, a NYC condo can be bought for the mid 800’s. This is a substantial discount from the price of over $1 million for one bedroom pretty much throughout Manhattan below 96 street. Continue reading Lower East Side goes high end→
Here is a first look at the 1 bedroom/1 bath exclusive I have in Manhattan’s best kept secret-The East River Co-op. The apartment has a low monthly maintenance of $605. The apartment has northern and western exposures and is located in a building with a gym, laundry and 24 hour attended lobby.
457 FDR front entrance Apt A-1102 comes on the market early next week!
Basially, in Manhattan’s real estate market, there are two markets- the world’s elite led by high net worth individuals both domestic and abroad and the affordable luxury purchasers. New construction is really only being built with the former market in mind. Many of the shiny midtown towers inlcuding 432 and 520 Park avenue, 157 W 57 street, 220 CPS as well as their downtown counterparts are focusing still on the large luxury apartments with scant offerings under even 2000 sqft.
On the Community Board 7 site, there is an interactive map and a plan showing the expansion for the Upper West side from 59th street to 110th street. Community feedback is being solicited until June 1st by emailing [email protected]. See the full draft of potential sites which are part of the attempt to double the number of NYC bike stations by 2017.
A 15 foot townhouse SRO will be sold without the certificate of no harassment. It is currently vacant and the asking price is $1.3 million. The property needs a complete gut renovation but considering the recent asking prices in and around the Hamilton Heights Historict district, this is a tremendous discount. The property is owned by a bank and as such will be conveyed subject to the buyer assuming responsibility for all violations, liens and their monetary fines as well as the NYS and NYC transfer taxes.
522 W 142 street-Least expensive vacant SRO on the market in Harlem at $1.3 million.
Lila Maron and myself Brian Silvestry of BSRG Inc. are handling this listing. Lila has set up open houses already and bidding will be competitive and it is anticipated the property will be transferred at or above asking price.
In January of this year, the Extell developed building known as One57 on Manhattan’s Billionaire Row set a record when it sold a 11,000 square foot duplex made up of the 89th and 90th floors for $100.47 million. It was the most expensive residential sale surpassing the previous record set at 15 CPW of $88mm. Now, as has been well documented in this blog and in the media, several other buildings are taking aim at this record and record breaking sell outs. Continue reading Luxury Manhattan market oversupplied?→
News about the NYC real estate residential and commercial markets provided and interpreted by an industry veteran licensed since 1999. Brian Silvestry of BSRG Inc. Licensed real estate broker
