The Real Deal New York

Posts Tagged ‘16 east 69th street’

  • Top NYC residential sales of 2011

    January 20, 2012 02:30PM

    Forget about new brokerage models, new markets and new economic realities. When it came to the top of the New York City residential sales market in 2011 consistency was king. (See the top 5 above and the top 10 sales after the jump.)

    The effects of the European debt crisis crept across the Atlantic Ocean this summer, and hindered the traditional high season for sales — but not for the ultra-rich: 11 of the 25 Manhattan sales worth more than $20 million closed in June, July and August. In fact, July 15, the very same day eight European banks failed their stress tests, the ninth and 17th priciest sales of the year closed for a combined $49.75 million. [more]

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  • Libet Johnson, heiress to the Johnson & Johnson fortune and the sister of Jets owner Woody Johnson, has been exposed as the buyer of this year’s priciest residential sale to date, the Vanderbilt Mansion at 16 East 69th Street, for which she has just handed over upwards of $48 million. That price is also the highest paid for a Manhattan townhouse since the fall of Lehman Brothers in 2008. According to the Post, Johnson is a close friend of seller and fellow heiress Sloan Lindemann Barnett and her husband, beauty.com founder Roger Barnett, which explains why the couple was able to sell the mansion without a broker. [more]

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  • An Upper East Side townhouse has just gone into contract to an anonymous buyer for upwards of $47 million, which would make for the priciest single-family home sale in New York City since the collapse of Lehman Brothers. According to the Wall Street Journal, the five-story, 33-foot-wide townhouse at 16 East 69th Street, once owned by the Vanderbilts, wasn’t officially listed. And after three years of quietly showing the mansion to prospective buyers, the owners — author and cell phone heiress Sloan Lindemann Barnett and her husband, Beauty.com founder Roger Barnett — have found one, sans broker, meaning that no one will be taking home a commission on what will surely be one of the city’s biggest deals of the year. [more]

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  • Shh!! The art of selling quietly

    November 16, 2009 10:27AM

    Nikki Field of Sotheby’s International Realty at a listing for $7.5 million at 455 Central Park West

    From the November issue: In the fall of 2008, real estate broker Michael Garr was approached by a former client who had bought a large apartment in a tony building the previous spring. The client, who worked in finance, needed to downsize to a less expensive place after the Lehman fallout. But there was a catch: Garr had to keep the plan a secret, because the client hadn’t yet told his wife he was facing financial difficulty. “He didn’t want to upset her and the kids,” said Garr, the founder of Garr and Co., which was acquired this year by the residential brokerage Core. “He wasn’t going to consult her until he had some options.” High-end brokers have always prided themselves on being discreet. But like Garr, many are finding that secrecy has become more important than ever. “Whisper listings” — properties that are for sale, but not officially on the market — are becoming more common, as sellers seek to avoid the perception that they are unloading properties because of financial distress. Also known as “quiet listings,” they are often among the most expensive properties in the city.

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  • Trophy listings at lower prices

    October 22, 2009 03:45PM

    From the October issue: The ranks of Manhattan’s super-high-end listings may have shrunk over
    the past year, but the city still boasts a number of properties with
    sales prices north of $30 million. It’s no surprise that few of these mega-listings have traded in the
    last year, with the global financial crisis paralyzing potential
    buyers. But now, very high-end listings are beginning to generate
    interest again, albeit at smaller price tags. (Case in point: Madonna’s
    new $32.5 million Upper East Side townhouse, originally listed for $42
    million in October of 2008). This month, The Real Deal looked at five of the city’s
    priciest listings — some new, others market fixtures — along with
    other noteworthy properties generating buzz this fall.

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