Corcoran broker Carrie Chiang and the exterior and interior of 15 East 80th Street
A Beaux-Arts five-story mansion on Upper East Side owned by JPMorgan Chase’s Jeff Urwin is once again for sale for $26 million just eight months after it was taken off the market by the Corcoran Group’s Carrie Chiang, according to data from Streeteasy.com. [more]
The duplex penthouse at the former Mayfair Hotel belonging to Nautica founder David Chu has finally found a buyer, according to public records filed with the city today. An unknown buyer, who purchased under the name 610 Park LLC, paid $23.68 million for the property.
Chu and his wife purchased the five-bedroom penthouse, which had been combined with the unit below, in 1999. It was initially listed for $32.8 million with the Corcoran Group’s Carrie Chiang in March 2010, which made it one of the top 10 most expensive condo listings in the city at the time. It was then taken off the market at various intervals, and saw interest from “Sex and the City” star Sarah Jessica Parker and husband Matthew Broderick. It was most recently listed for $25.8 million. [more]
[Updated at 5:30 p.m. and 12:00 p.m. on Sept. 12] Top-rated sales teams at Richard Smith’s Realogy empire include the Corcoran Group’s Carrie Chiang and Sharon Baum, both in Manhattan, according to a study by the Wall Street Journal and Real Trends, released yesterday.
Harald Grant of Sotheby’s International Realty in Southampton and Susan Breitenbach of Corcoran in Bridgehampton both ranked highly as individual sales agents.
Breitenbach recently cleaned up at Corcoran’s 2010 East End awards, taking the prize for top sales agent by volume as well as by number of units sold. In fact, based on annual 2010 sales volume, 39 percent of the nation’s top 1,000 real estate agents are affiliated with Smith’s Realogy brands, the study shows. – Katherine Clarke [more]
Craig Huff, co-CEO of hedge fund Reservoir Capital Group, and his wife have purchased the entire sixth floor at 993 Fifth Avenue, a limestone building opposite the Metropolitan Museum of Art between 80th and 81st streets, according to the New York Observer.
Frederick Peters and Judith Lederer of Warburg Realty and the Corcoran Group’s Carrie Chiang shared the listing. The exact price was not immediately available.
“In this day in which masters of the universe tend to act like masters of the universe, it was an incredible pleasure to work with a buyer with so much grace and humility,” Warburg broker Frederick Peters told the Observer.
The seller of one of the apartments on the floor was the estate of Grace J. Ross, the wife of corporate lawyer David G. Ross, whose clients included the Boston Celtics. [more]
From the June issue: In March, Brown Harris Stevens broker Paula Del Nunzio put the Woolworth mansion at 4 East 80th Street on the market for $90 million. The listing — the priciest Manhattan residential listing ever — signaled that the era of massively expensive property sales is back, with a vengeance. Brokers say there is more high-end product on the market than last year, and furthermore, many of these new, pricey listings are resales rather than the newly constructed condos that seemed to dominate the luxury market in Manhattan for so long. That trend is reflected in The Real Deal’s annual ranking of the city’s top brokers, which is based on who is marketing the most Manhattan property.
It’s been a tumultuous decade for the 13-room townhouse at 870 Park Avenue. Originally listed for $23 million in 2004, it’s plowed through a roster of the city’s most elite real estate brokers, endured the market’s boom and bust, and has a lengthy history of price hikes and cuts to match. In December, still unsold, it found itself at the center of a divorce settlement and was transferred for $10 million to Winick Realty executive Lori Shabtai after she split from former owner Benny Shabtai, the Raymond Weil watch mogul.
But it looks like the 12,000-square-foot mansion has finally found someone who actually wants it. The four-story residence, whose façade was designed by 15 Central Park West architect Robert A.M. Stern and which was most recently priced at $24.5 million by Prudential Douglas Elliman vice chairman Dolly Lenz, entered into contract this past Friday. [more]
The Real Deal chats with Barbara Corcoran, founder of the Corcoran Group, inside her Upper East Side apartment, in the second of a two-part series with the “Today” show real estate contributor. She talks about her TV show “Shark Tank,” her newly released book “Shark Tales,” and her relationship with the Corcoran Group today. She even does an imitation of Corcoran broker, Carrie Chiang. Click here to see the first part of the series. [more]
The Upper East Side’s Muppets Mansion, so-called because of its former use as the creative headquarters for Kemit the Frog and Miss Piggy mastermind Jim Henson, has been sold at a 16 percent discount after just one month on the market, according to the Observer. The 40-foot-wide townhouse, at 117-119 East 69th Street, belonged to Warner Music Group head Edgar Bronfman, who in 2008 paid $28.5 million for the property, gutted it, and planned to renovate, but moved to London instead and never followed through with the plans. [more]
Radio psychologist Dr. Joy Browne has two things in common with the fictional Frasier Crane. One, she answers callers’ on-air questions about life and love. And two, she has a fabulous apartment. Now Browne’s 2,600-square-foot riverfront duplex at the Regatta condominium in Battery Park City is on the market with L.G. Fairmont Group’s Derek Lee for $3.4 million, or $18,000 per month to rent. In addition, Howard Michaels, the chairman and CEO of international real estate investment banking firm the Carlton Group, last week put his 5,200-square-foot Lucida spread on the market with Corcoran’s Carrie Chiang for $11 million, along with his Stanhope apartment, which is priced at $11.5 million. Also, a 6,000-square-foot apartment is up for grabs at the San Remo, the iconic twin-towered co-op which Bono, Rita Hayworth and Steven Spielberg have called home. Unit #6E6F at 146 Central Park West hit the market over this past weekend for $24.75 million with Bellmarc’s Dan Fishman. Click here for more.
Vanessa Sherry Bronfman became a sales associate at the brokerage Key Ventures only a few months ago.
For one of her first assignments, she’ll be marketing a $27.25 million townhouse.
In representing the 40-foot-wide townhouse at 117 East 69th Street, she’ll be joined by veteran brokers Alina Pedroso and Paula Del Nunzio from Brown Harris Stevens, and Carrie Chiang from the Corcoran Group. Still, scoring such a pricey listing is quite an impressive feat for a newbie broker.
Of course, it helps that the house is owned by Vanessa’s father, Edgar Bronfman, Jr., Warner Music Group chairman-CEO and billionaire heir to the Seagram fortune. [more]
