The Real Deal New York

Posts Tagged ‘fairchild’

  • Renovated Fairchild triplex to ask $9.5M

    September 29, 2013 10:00AM

    415 Washington Street

    Carved out of two units at the Fairchild, a luxury condominium in Tribeca, a 4,000-square-foot triplex apartment is poised to hit the market asking $9.5 million. [more]

  • NYU continuing ed school moving

    April 26, 2010 03:27PM

    New York University’s School of Continuing and Professional Studies is
    consolidating its classrooms and offices and moving into the 12-story
    Fairchild building at 7 East 12th Street, according to Crain’s. NYU
    purchased the 122,000-square-foot property eight years ago for $5.8
    million and has been using it for administrative offices since.
    The Fairchild is now undergoing a renovation and redesign in
    preparation for the move, which is unrelated to the university’s
    recently-unveiled master expansion plans. … [more]


  • Developer Gerard Longo, president of both Madison Estates and Properties and United Financial Services, is seeing improvements in Manhattan’s residential market, the developer told CNBC’s “Squawkbox.” His North Tribeca development at 55 Vestry Street, the Fairchild, is experiencing a sales uptick, especially from international purchasers who are taking advantage of the weak dollar, he said. These purchasers have an easy time buying at the upscale 21-unit former manufacturing spot, where prices average between $2.5 million and $3 million, because many are paying in cash. But domestic purchasers, even those who can’t foot the bill in cash-only deals, are getting back into the market as well. “It’s not just one silver lining,” Longo said. Financing is available to those willing to make a higher down payment of roughly 25 to 35 percent, he estimated.

  • The developers of the Fairchild, at 415 Washington Street, did not
    follow the Landmarks Preservation Commission-approved blueprint when
    constructing the building, Downtown Express reported. The building’s
    elevator bulkhead is higher than it should be, the windows are
    casements and the cornice is not designed as planned. The building
    switched architects midway through the project, with Joseph Pell
    Lombardi designing the building and architect Karl Fischer taking over
    once construction had begun. After approval from the Landmarks
    Preservation Commission, Lombardi changed the designs to incorporate
    recommendations from the Board of Standards and Appeals, and he never
    went back to the commission for further approval, Fischer said.
    Lombardi said Fischer should have gotten the necessary approvals. The
    Fairchild is owned by a group of investors that includes actor James
    Gandolfini. … [more]

  • According to the Post, actress Jessica Alba checked out a few
    penthouses in the Fairchild, a 21-unit condominium on Vestry Street in
    Tribeca, which recently partnered with Robert DeNiro’s Greenwich Hotel to use its amenities. The homes Alba and her family looked at had price tags of between $6
    million and $9 million, and came with private balconies, terraces and
    river views. Model Adriana Lima and her husband also recently looked at
    a few penthouses in the Fairchild, where actor James Gandolfini already
    bought a unit. The building is expected to be completed by the end of
    the summer. … [more]

  • NYC real estate in brief

    May 28, 2009 04:08PM

    Fairchild condo partners with Greenwich Hotel: The Fairchild condo in
    Tribeca has partnered with Robert De Niro’s Greenwich Hotel. In the
    partnership, Fairchild residents can access the hotel’s amenities,
    including a 1,000-square-foot fitness center, spa and lounge. The
    Fairchild has 21 units including two-, three- and four-bedroom
    apartments, with prices ranging from $2 million to $9 million. TRD[more]

  • alternate text
    Gerard Longo is expanding his business to brownstone Brooklyn.

    Marine Park-based residential brokerage Madison Estates and Properties
    is expanding into brownstone Brooklyn and is planning a leap into
    Manhattan. The 60-agent firm will open a new office in a renovated brownstone at
    53 Douglass Street in Carroll Gardens by mid-June, according to Gerard
    Longo, the firm’s president. The move doubles the number of company
    offices from its lone location at 2922 Avenue R in Marine Park in the
    southeastern section of Brooklyn. Longo said his aim is to take advantage of the down market to grow the name brand in the rest of Brooklyn. … [more]