The Real Deal New York

Posts Tagged ‘dakota’

  • Ydessa Hendeles and the unit at 1 West 72nd Street

    Ydessa Hendeles and the unit at 1 West 72nd Street

    Investment banker and philanthropist Bruce Barnes, head of the co-op board at the Dakota on the Upper West Side, has sold his three-bedroom apartment at the famed building for $27.5 million, according to public records filed with the city today. [more]

    Comments
  • rotunda

    Rotunda at the Octagon at 888 Main Street on Roosevelt Island

    Prospective homebuyers are often curious about the number of bedrooms, bathrooms or fireplaces in a residence. But they rarely ask for the number of spirits. New York City does have its share of ghost stories, involving some properties currently available for sale or rent. This Hallowe’en, check out photos of these haunted homes after the jump.

    2 Comments
  • 8. 1010 Fifth Avenue, 8A (Discount: $1.5 million)

    1010 Fifth Avenue

    In a Manhattan market rife with tales of bidding wars and multiple price hikes, it’s hard to think of high-end units trading at a steep discount. But certain sales in some of the city’s most storied buildings have done just that. See full story and slideshow after the jump.

    1 Comment
  • From left: the Dakota and Alphonse Fletcher, Jr.

    From left: the Dakota and Alphonse Fletcher, Jr.

    The Dakota’s co-op board has pointed to Alphonse Fletcher Jr.’s failure to make good on a $4.5 million donation to Harvard University as evidence of the disgraced hedge fund manager’s shaky finances, the New York Post reported. Fletcher sued the co-op board, claiming that they denied him a chance to purchase a fifth unit in the building because he is African-American. The board contends that Fletcher’s financial issues were the reason for the denial. [more]

    4 Comments
  • The apartment at the Dakota (Image c/o StreetEasy)

    A three-bedroom unit at Central Park West’s famously stodgy Dakota has gone into contract, after several price slashes, for $11 million, a far cry from its pre-recession listing price of $19.5 million, Curbed reported.  [more]

    Comments
  • The Dakota

    From the March issue:  Convincing busy Manhattanites to serve on their co-op or condominium boards has always been somewhat of a hard sell. Indeed, acting as a board member has long been a time-consuming (and often hassle-filled) job. But now, residents have more reason than ever to avoid seeking election to their boards: getting socked with a personal liability lawsuit. Co-op and condo board members have always been open to legal action, but a slew of recently well-publicized lawsuits — most notably a high-profile suit at the famed Dakota on the Upper West Side — that singled out individual board members as defendants have made the risks more visible, sources told The Real Deal[more]

    1 Comment
  • From left: John Burger, an interior shot of Barnes’ unit and the Dakota

    The head of the Dakota’s co-op board, hedge-funder Bruce Barnes apartment at the storied building — listed for $29.6 million — is in contract, Curbed reported. The property was first listed this past April and, according to Streeteasy.com, the price never changed. John Burger at Brown Harris Stevens had the listing. [more]

    Comments
  • Alphonse Fletcher Jr. and the Dakota

    A New York state judge has allowed the lawyers representing hedge fund manager Alphonse Fletcher Jr. to officially withdraw his lawsuit against the Dakota co-op board, the Wall Street Journal reported.In late October, the law firm Kasowitz Benson Torres & Friedman asked the court to drop Fletcher’s discrimination case, citing non-payment. [more]

    1 Comment
  • Alphonse Fletcher Jr. and the Dakota

    Hedge-fund manager Alphonse Fletcher Jr.’s race discrimination lawsuit against the Dakota has hit a major setback that could put the case on ice, according to the Wall Street Journal. The law firm Fletcher hired to represent him, Kasowitz Benson Torres & Friedman, has asked the court to withdraw the case, due to “non-payment of very substantial legal fees.”

    Fletcher sued the historic Central Park West building after the co-op board rejected his attempt to purchase the apartment neighboring his own in 2010. He claimed that the board discriminated against him because he is African-American. The co-op board fired back that his bid contained “red flags,” suggesting he could not afford the unit. [more]

    2 Comments
  • Alphonse Fletcher Jr. and the Dakota

    New Yorkers may become even more reluctant to sit on the board of their condominium or co-op building. A decision handed down by the state appellate court this month could increase the likelihood that individual board members will be held liable for their building’s decisions, the Wall Street Journal reported.

    The decision was made in light of a discrimination case brought by Alphonse Fletcher Jr. against the Dakota co-op. The former president of the Dakota’s board sued the building and board members last year when he was turned down for the purchase of a second unit at the famed West 72nd Street building. The board claimed he couldn’t afford the unit. [more]

    1 Comment
  • href="http://therealdeal.com/newyork/articles/dutch-fraudster-jan-dirk-paarlberg-sells-at-the-dakota">src="http://s3.amazonaws.com/trd_three/images/271512/dakota-520.jpg" style="border: 1px solid black; alt="alternate

    text">
    Jan-Dirk Paarlberg and the view from his former Dakota apartment

    Jan-Dirk Paarlberg, the Dutch investor who was convicted of fraud, forgery and money laundering in the Netherlands last year, has unloaded his two-bedroom apartment at the Dakota for $4.6 million, as he continues his battle to stay out of prison.
    The six-room co-op at 1 West 72nd Street, which has views of Central Park as well as 14-foot ceilings and comes with a studio on the ninth floor, was one of several residences Paarlberg owned worldwide before he was found guilty of participating in a $23.5 million extortion scheme.

    The buyer, public records show, is Bettina Caiola, the widow of New York property owner and Ferrari enthusiast Benny Caiola, who died last year. 
    According to previous reports by the Wall Street Journal, Dutch authorities seized Paarlberg’s properties in the Netherlands, Portugal, France and the Netherlands Antilles, and obtained a restraining order from a federal judge in Manhattan last year that prohibited him from selling the Dakota unit without court approval. … [more]

    Comments
  • alternate text
    John Madden, the interior of his Dakota apartment, and the private entrance off of the interior courtyard

    Hall of Fame football coach-turned-legendary sports commentator John Madden has put the 2,000-square-foot co-op he owns at the Dakota on the market for $4.9 million. According to the Wall Street Journal, Madden, who now lives primarily in the San Francisco Bay Area, purchased the five-room apartment for $625,000 in 1985, from comedian Gilda Radner, who had paid just $150,000 for it during the late 1970s. The Central Park West maisonette, at 72nd Street, has original moldings, two fireplaces and a rare, private entrance off of the storied building’s interior courtyard. … [more]

    Comments
  • While the racial bias suit at the Dakota, filed against the tony Upper West Side building’s co-op board early last month, has drawn its share of controversy, it’s also peeled back the curtain on the building’s more eccentric policies, according to the New York Times. The suit, which accuses the co-op board at 1 West 72nd Street of discriminating against building applicants on the basis of race, has led to a body of paperwork detailing the co-op’s rules, including the barring of “domestic employees, messengers and trades people” from service elevators. Also in the rules is a stipulation barring tenants from giving “dance, vocal or instrumental instruction in his or her apartment at any time” and a mandate that “chauffeur-driven vehicles are not allowed to wait in the driveway.” [NYT]

    Comments
  • alternate text
    Alphonse Fletcher and the Dakota (Fletcher photo source: NYT)

    In a rare move, the co-op board of the Upper West Side’s famed Dakota has fired back at a former president who alleged racial discrimination by releasing financial documents detailing the reasons behind why he was rejected from buying another apartment in the building. According to the New York Times, the board filed a 237-page response in State Supreme Court yesterday to a suit filed by former president and money manager Alphonse Fletcher earlier this month. Fletcher, who still owns three apartments in the building, including one that he bought for his mother in 2001, had claimed that the board barred him from buying a fourth, $5.7 million unit because of his race, citing previous instances of board prejudice he’d observed against actor Antonio Banderas and singer Roberta Flack. … [more]

    Comments
  • Dakota unit embroiled in Dutch fraud case

    February 04, 2011 02:38PM

    A two-bedroom apartment at the Dakota has become a central element of an international criminal case, according to the Wall Street Journal. The unit at the tony Upper West Side co-op at 1 West 72nd Street is one of several properties worldwide owned by Jan-Dirk Paarlberg, a Dutch investor who faces four-and-a-half years behind bars after being convicted on fraud, forgery and money laundering charges. But while the home on the corner of Central Park West, which Paarlberg bought in 2001, is now in contract for $4.4 million, Dutch prosecutors claim they have rights to the apartment. … [more]

    Comments
  • Dakota board responds to bias suit

    February 03, 2011 02:41PM
    alternate text
    Alphonse Fletcher and the Dakota (Fletcher photo source: NYT)

    The co-op board at famed Upper West Side building the Dakota has responded to a lawsuit this week alleging racial discrimination and defamation, according to Gothamist, calling the accusations erroneous. The suit, filed by former board president Alphonse Fletcher, accused the board at One West 72nd Street of using racial slurs during approval hearings and denying some applicants based on their race. A statement from the co-op board said that the suit, which Fletcher brought forward after his request to purchase an additional Dakota unit was denied, holds no merit. … [more]

    1 Comment
  • alternate text
    Alphonse Fletcher and the Dakota (Fletcher photo source: NYT)

    A former co-op board president and current resident at the Dakota, the tony Upper West Side building at 1 West 72nd Street on the corner of Central Park West where celebrities like Lauren Bacall and John Lennon have lived, is suing the building for racial discrimination, according to the New York Times and the Wall Street Journal. The suit has revealed instances of alleged blatant racism on the part of the co-op board, in which board members allegedly referred to some applicants using racial slurs during the hush-hush board approval process. The complainant, Alphonse Fletcher Jr., claims in the suit that the board referred to one couple as members of a “Jewish mafia,” and says that co-op members suggested that a Hispanic applicant, who had applied for a first-floor apartment, was interested in the ground-floor unit because it gave him closer proximity to street drugs. … [more]

    Comments

  • Yoko Ono and the Dakota

    A Korean tourist waltzed into the usually tightly-secured Dakota through its service entrance last week to snap a few photos from the roof of John Lennon’s old haunt and was only caught after running into Yoko Ono herself while he rode the elevator down. According to the Post, Ono was merely startled by the incident, but residents are furious at the security breach. “They may fire the managing agent,” a source told the paper. (Douglas Elliman Property Management declined to comment). Another noted that Ono and Lennon, who was killed outside the building in 1980, are “the whole reason they have heightened security there, more than any other building.” … [more]

    Comments
  • O’Brien finds a buyer on the UWS

    May 24, 2010 09:30AM


    Conan O’Brien and the Majestic

    Conan O’Brien has found a buyer for his seven-bedroom, eight-and-a-half-bathroom duplex in the Majestic building on the Upper West Side, according to the Wall Street Journal. The luxury co-op sits across from the Dakota on the corner of 72nd Street and Central Park West. Although it’s not immediately clear what the buyer’s offer on the unit was, the asking price had been $29.5 million. If the unit does close for around that amount, it would rank as one of the biggest residential sales of the year so far in Manhattan. [WSJ]

    [more]

    Comments
  • When Ruth Ford, the late actress and wife of Hollywood star Zachary Scott, died last year at age 98, she left behind two apartments at the storied Dakota building at 1 West 72nd Street — to her Nepalese butler. Her will, accepted last month in the Surrogate’s Court in Manhattan, revealed that with the exception of her clothing and costume jewelry, Ford’s entire, $8.4 million estate has been turned over not to her daughter, Shelley Scott, or to either of her two grandchildren, but to Indra Tamang, the butler, cook and caretaker whom she employed for more than 30 years, the Wall Street Journal reported.  … [more]

    Comments
MENU