From left: Listing broker Kirk Rundhaug, the exterior of 12 Wooster Street and the interior of the apartment and studio
D. James Dee, a Soho photographer famed for his work photographing art for high-profile galleries like Gagosian, Mary Boone and for private collectors like David Rockefeller, has plans to list his 6,000-square-foot Soho home and photography studio for sale for $5.75 million, he told The Real Deal today. [more]
Christopher Meyers of Houlihan Lawrence and appraiser Jonathan Miller
Sales volume edged higher in Westchester County in the first quarter of 2012, according to reports by Prudential Douglas Elliman and Houlihan Lawrence released today. But, that was countered by growth in inventory, the Elliman report indicates, and a decline in the average sales price.
The number of sales in Westchester increased 1.8 percent to 1,277 from 1,254 sales in the prior-year quarter, the Elliman report shows, but listing inventory increased 1.5 percent to 6,769 units from 6,667 units at this time last year. Meanwhile, average sales prices declined 3.4 percent to $534,977 from $553,846 in the prior year quarter. [more]
Manhattan rents in the first quarter of 2012 broke records set before the economic crash, according to market reports released today by residential brokerages Prudential Douglas Elliman and Citi Habitats, and experts attribute the increase to tight credit markets that have prevented tenants from entering the sales market.
The average monthly Manhattan rent reached $3,650 in the first quarter, a 6 percent increase over the $3,445 average during the same period last year, according to the Elliman report, which uses industry-wide data compiled by Jonathan Miller, the president of appraisal firm Miller Samuel. The number of rental transactions also increased, jumping 14.3 percent to 7,642 units from 6,665. [more]
From left: Dottie Herman of Elliman, appraiser Jonathan Miller, Pamela Liebman, CEO of the Corcoran Group and Gregory Heym of Terra Holdings
Despite some major high-end deals closing last month, Manhattan’s luxury residential market, which has been strong since the third quarter of 2010, may soon lose its reputation as the most talked about sector in the real estate industry, according to Jonathan Miller, president of appraisal firm Miller Samuel. [more]
From left: Karl Lagerfeld and the interior of his 50 Gramercy Park North apartment
The Gramercy Park Hotel apartment belonging to Karl Lagerfeld has hit the market again, for $5.2 million, Curbed reported. The 2,151-square-foot digs, located at 50 Gramercy Park North on the corner of Lexington Avenue, has three bedrooms, three bathrooms and one half-bathroom. [more]
From left: Elliman brokers Melanie Lazenby, Dina Lewis and Frances Katzen and 34 Greene Street
[Updated on March 5 with comment from the developer] The seven-unit Soho condominium at 34 Greene Street sold its last three units for a total of $19 million, according to a statement today from Prudential Douglas Elliman, the building’s exclusive marketing agent.
The transaction included the duplex penthouse, which was sold for $11.5 million, and two apartments on the fourth floor, which went for $7.5 million together. The penthouse unit has an outdoor terrace with kitchen and shower, and a fireplace, according to the statement. [more]
Dawn Doherty
A few months after Prudential Douglas Elliman’s chief digital officer, Dawn Doherty, was tapped to act as assistant manager at the firm’s Hudson Street office, the real estate digital marketing maven has moved to Keller Williams.
Doherty was named head of productivity coaching at Keller Williams NYC. She will integrate the Keller Williams national coaching and education platform to the New York City franchise and focus on “working with real estate professionals to hire, develop and lead teams that will allow them to grow their business.” [more]
Michael Shapot
From the February issue: Veteran broker Michael Shapot, along with a team of six agents, has moved from Prudential Douglas Elliman to the year-old residential brokerage Keller Williams NYC.
Shapot brought six members of the Michael Shapot Team to Keller Williams’s new 425 Park Avenue location: Luis Vazquez, Carson Alexander, Ying Li-Oshrin, Jim Biting, Elizabeth Edwards and one more who is finalizing departure plans. (Other members of the team decided to stay at Elliman.) [more]
From left: Lawrence Rich, Dottie Herman and Reba Miller
Lawrence Rich, a former vice president at Prudential Douglas Elliman who left the firm to take a position as senior vice president at residential brokerage Core in August, has defected to Elliman after just five months, he told The Real Deal today, because he feels it’s more “like a family.”
Rich, who joined Elliman in 2004, resigned his post at Core today. He will start work at Elliman again as of tomorrow, working out of the company’s flagship office at 575 Madison Avenue, at 56th Street [more]
Clockwise from top left: John Gomes, executive vice president of Prudential Douglas Elliman, 111 Mercer Street and Fredrik Eklund, managing director of Prudential Douglas EllimanAs construction nears completion at the condominium conversion at 111 Mercer Street, developer Veracity Developments said it is preparing to launch sales in the five-story, four-unit Soho building early next year. Veracity has tapped the Prudential Douglas Elliman team of managing director Fredrik Eklund and John Gomes, executive vice president, to market the building.
Veracity purchased the 11,365-square-foot property, first built in 1900 in what is now the Soho Cast Iron Historic District, for $12.35 million in 2008 and added a penthouse with the blessing of the Landmarks Preservation Commission. The renovated building has ground-floor retail underneath four residential units, three two-bedroom plus office lofts and a three-bedroom penthouse triplex, which will start at about $4.25 million and range up to $10 million. – Adam Fusfeld [more]
