Brazilian oil executive Paolo Gouveas’ refurbished Upper West Side townhouse has sold for $16.5 million, down from the original $20 million ask when it hit the market in the summer of 2012, according to a statement from BLU. [more]
Posts Tagged ‘blu realty group’
A popular South Korean coffee and pastry franchise chain with more than a thousand locations in Asia is planning an aggressive rollout in New York City — even as retail rents in some neighborhoods are at all-time highs and competitors are growing. [more]
Renovations on an 1891 Gilbert Schellenger townhouse on the Upper West Side will be completed this summer — just in time for a new resident interested in the $17.5 million digs. [more]
The owner of a refurbished Upper West Side townhouse that has lingered on the market for the past year has switched listing agents, ditching top broker Roger Erickson of Sotheby’s International and hiring a team of agents from BLU Realty Group. [more]
Canadian model and hip-hop personality Melyssa Ford has signed on to work with Blu Realty Group, Allhiphop.com reported. Ford, who is perhaps best-known for her appearances in hip hop videos like Jay-Z’s “Big Pimpin,” and Mystikal’s “Shake Ya Ass,” completed a three month training program with Blu and has assisted in a $15 million sale on Central Park South, the website said. [more]
From the January issue: Boutique residential brokerage Blu Realty Group this month will launch a new international division, managing partner Vince Rocco told The Real Deal. The division, which will focus on working with clients from overseas, is staffed by four current Blu brokers — Derek Nowicki, Lizabeth Sant’Angelo, Shane Shimon and Elena Metzler. Rocco will manage the division out of the firm’s Midtown office at 1674 Broadway, and said he plans to add more Blu brokers to the team. [more]
Blu Realty Group is set to market a 248-unit combination hotel and condominium tower in East London’s Stratford City area—the first overseas marketing project for the brokerage’s newly minted international division. Blu, which launched the division this month, is acting as the U.S.-based marketer for the Skidmore, Owings and Merrill-designed tower, said Ray Smith, sales director at Manhattan Loft Corp., which is developing the building. Manhattan Loft’s in-house sales team will handle sales in London, Smith said. [more]
Amid plans to grow townhouse and new development divisions, the boutique brokerage Blu Realty Group has landed two high-priced townhouse listings — promising to use unconventional marketing strategies to sell the properties.
Andy Kim, the firm’s co-founder, will bring a $31 million Upper East Side townhouse to the market today, and Vince Rocco, a former Halstead Property broker who now heads Blu’s Riverside Boulevard office, will list a $17.5 million gutted townhouse next month. [more]
For the second time in five years, the same Hell’s Kitchen condominium has sold out. The building’s exclusive sales agent, Blu Realty Group’s Vince Rocco, told The Real Deal a buyer closed last week on a one-bedroom apartment at 505 West 47th Street. The unit, which sold for $790,000, was the last available apartment at the 108-unit condo. [more]
Residential brokerage Blu Realty Group has tapped Vince Rocco, formerly a senior vice president with Halstead Property, to lead the firm’s forthcoming Riverside Boulevard office, Blu announced today. Rocco officially started at the firm yesterday, working out of the existing office at 1674 Broadway, and the new digs will open in about three weeks at 120 Riverside Boulevard, at the corner of 66th Street. [more]
“Good Morning America” newscaster Robin Roberts is in contract to sell her Upper West Side condominium, according to a source and the listing page, and will close sometime next week. The 1,586-square-foot apartment, in the Heritage at Trump Place at 240 Riverside Boulevard, was listed for $2.595 million with Dennis Colwell, a broker at the Corcoran Group, and was bought for roughly that amount. Colwell’s web page confirms the listing is in contract.
Roberts, who has co-anchored the show since 2005 after a 15-year career at ESPN, purchased the apartment, between 71st and 72nd streets, in 2005 for $2.58 million, public records show. It wasn’t immediately clear why the asking price was so similar to her purchase price six years ago as Colwell did not respond to requests for comment. — Adam Fusfeld… [more]
This fall, a one block stretch of Riverside Boulevard will suddenly become crowded
with real estate offices. First, Blu Realty Group plans a real estate office
and cafe on the boulevard, now Nest Seekers International is bringing an
office designed by Andres Escobar & Associates to Lincoln Square. The residential
brokerage said it commissioned the high-end designer to transform the raw
commercial condominium it bought at the base of the Avery into its newest office.
Escobar is known for designing the Duvet nightclub in Gramercy and the
92 Greene Street condo in Soho, among other high-profile projects.
Nest Seekers closed on the $1.4 million, approximately 1,500-square-foot space at
100 Riverside Boulevard last month and will open the office, its fourth in Manhattan,
in 30 to 60 days. The West Side office is the firm’s 10th overall; in addition to the
Manhattan locations it has one office in Long Island City, four on the East End, and one in Miami…. [more]
Alon Chadad, co-founder of Blu Realty Group, and the site of Blu’s Lincoln Square offices at 120 Riverside BoulevardVisitors won’t necessarily be looking to buy, rent or sell an apartment when they step into Blu Realty Group’s forthcoming Upper West Side office. They may just be in the mood for a cup of coffee.
The residential brokerage partnered with Tavalon Tea to bring what it believes is the first real estate office and coffee bar concept to Manhattan, the brokerage and drink purveyor both confirmed. The cafe will be called Blu Cafe by Tavalon Tea and will comprise about 500 square feet of Blu’s approximately 1,600-square-foot space, according to Blu Realty Group (note: correction appended). The cafe and office will have the same entrance with only a glass wall separating them.
From left: R&B artist Joe and Blu Realty Group co-founder Alon Chadad; Joe with guests from the National Committee For the Furtherance of Jewish Education, including chairman Rabbi Shea Hecht on the right; Blu Realty Group co-founders Alon Chadad and David Tobon
The Real Deal made the rounds at a pair of real estate gatherings last night, including a charity event at Trump Place on the Upper West Side sponsored by Blu Realty Group, and a wine and cheese celebration party for the opening of MNS’ new Chelsea office. At Trump Place, Blu took a few minutes from helping to raise money for Toys for Hospitalized Kids to discuss their new office opening in the building’s base and introduce a few music celebrities to guests, which were largely real estate pros.
Meanwhile, TRD checked out MNS’ wine and cheese party also held last night to celebrate the opening of its new Chelsea office at 189 Eighth Avenue. Sales director Fabrizio Uberti Bona told us he recently sold an apartment for an executive at the concert and ticketing company Live Nation and after he succeeded, the client hooked him and his wife up with tickets to a Beyonce concert. – Adam Fusfeld and Miranda Neubauer… [more]
An investor in the popular Hummus Kitchen restaurant chain has listed his triplex apartment on the Upper West Side for $1.65 million, according to Alon Chadad, co-founder of Blu Realty Group, who is co-listing the apartment with Blu co-founder Moshe Balalo (note correction appended). The condominium unit hit the market last Thursday.
Kedar Massenburg, the former Motown Records president who launched the
careers of Erykah Badu and D’Angelo among others, recently rented an
approximately 1,500-square-foot, three-bedroom, three-bathroom apartment
overlooking the Hudson River at the Avery on the Upper West Side, The
Real Deal has learned. Massenburg and his broker, Alon Chadad, co-founder
of BLU Realty Group,
would not disclose the rent, but said Massenberg did not negotiate on
price. Comparable apartments in the condominium at 100 Riverside Boulevard rented in the last month for about
$9,800 per month, Streeteasy.com shows.
Blu Realty Group, the new 100 percent commission residential brokerage launched in Midtown by five Nest Seekers alumni earlier this year, is expanding its business to the Upper West Side, where it plans to open its second office in mid-July.
Alon Chadad, one of the firm’s co-founders, told The Real Deal that Blu has leased a roughly 1,600-square-foot space at Trump Place, at 120 Riverside Boulevard and 67th Street, chosen because of its proximity to the burgeoning new developments market in the area.
“We’ve been doing a lot of business with Extell [Development] and at Trump Place,” Chadad said. “The Rushmore, the Avery… all of those. The neighborhood is picking up tremendously.” … [more]
Themed restaurant chain Jekyll & Hyde is moving out of its flagship club at 1409 Sixth Avenue later this year, and in the meantime, the landlord has put the building up for sale for $19.5 million.
The ornate, five-story property, between 57th and 58th streets, belongs to developer and Holocaust survivor Sam Domb, who owns both the Travel Inn and the Belvedere hotel in Midtown and the Lucerne hotel on the Upper West Side. Jekyll & Hyde currently occupies the entirety of its roughly 12,000 square feet, which is also being marketed for lease to single-tenant users for $600,000 per year by Newmark Knight Frank. According to Alon Chadad, one of five co-founders of brand-new brokerage Blu Realty Group, he and his colleagues have been quietly marketing the property to buyers for the past two weeks…. [more]
The New York State Department of State opened an investigation yesterday into allegations that individuals were improperly engaging in real estate activities without proper licensing.
The probe was prompted by an article on The Real Deal’s website that revealed that individuals at firms such as Massey Knakal Realty Services and Eastern Consolidated were not properly licensed.
“The department’s investigation will determine the merits of the allegations and if there is a sufficient basis to commence disciplinary proceedings against the relevant real estate brokerage licensees,” agency spokesperson Daniel Shapiro said…. [more]
From left: Ken Krasnow of Massey Knakal Realty Services; Eastern Consolidated’s Ety Lee; Eastern Consolidated’s Jerome Benayoum; and Lon Rubackin, a managing director at GFI Capital
Commercial brokerage firm Massey Knakal Realty Services has temporarily replaced Kenneth Krasnow, the managing director of the firm’s Brooklyn office, because he is not licensed as required by the New York State Department of State, company CEO Paul Massey told The Real Deal this morning.
Krasnow had been the head of the Brooklyn office since 2008. He will be replaced by Cory Rosenthal, corporate vice president, until Krasnow obtains his license, Massey said.
“[In the] interim, Cory Rosenthal, corporate vice president, will take over day to day management of Queens and Brooklyn until Ken resolves the license issue,” Massey said.