The Real Deal New York

Posts Tagged ‘kirk henckels’

  • From left: The late Martin Zweig, Barbara Zweig and  795 Fifth Avenue

    From left: The late Martin Zweig, Barbara Zweig and the Pierre Hotel penthouse at 795 Fifth Avenue

    The 16-room penthouse at the Pierre Hotel, which initially came to market at an extravagant $125 million, has chopped its asking price to $95 million. [more]

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  • David Bistricer

    David Bistricer

    From the October issue: In this month’s Heard around town feature, The Real Deal recounts a run-in with developer David Bristricer at the Toronto airport. Also, Stribling & Associates’ Kirk Henckels was spotted speaking with hair-styling mogul Frédéric Fekkai at the Boys’ Club of New York’s annual fall gala at the Pierre Hotel. See these items and more after the jump.

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  • Park Avenue 12-room duplex asks $17M

    September 06, 2013 03:17PM
    655 Park Avenue

    655 Park Avenue

    A 12-room duplex at 655 Park Avenue whose layout was commissioned by a member of the Rockefeller family is set to hit the market for $16.9 million — marking the first sale of the apartment in more than two decades.

    The 5,000-square-foot, five-bedroom unit is located between 67th and 68th streets and has a 36-foot grand entrance gallery topped off with gold-leaf molding. It also boasts a nearly six-foot tall marble fireplace and a butler’s pantry. The owner is collector and amateur interior decorator Karen McGarry Karp, who has lived in the apartment for 23 years. [more]

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  • NoahRosenblattkirk

    From left: Noah Rosenblatt and Kirk Henckels

    Despite a rebound in housing prices and activity nationally, Manhattan co-op and condominium sale prices and volume have remained relatively flat, the Wall Street Journal reported.

    Closed sales in the second quarter rose just 0.7 percent year-over-year and median prices a mere 0.2 percent year-over-year, according to the Journal’s review of city sales records. Average prices were up 2.2 percent year-over-year. [more]

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  • Kirk Henckels, director of private brokerage at Stribling

    “$80 million is the new $20 million,” Kirk Henckels, Stribling & Associates’ director of private brokerage, told the Wall Street Journal. The upper-most echelon of New York City residential real estate is reaching heights never broached by the pre-recession market, the Journal said.

    According to numbers from Stribling, the record sale price was about $6,000 a square foot in 2008, and has now reached more than $10,000 a square foot. [more]

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  • David Duchovny, the Ardsley and the 19th floor unit he’s in contract to purchase

    “X Files” actor David Duchovny is in contract to purchase an apartment inside the Ardsley, an exclusive Central Park West co-op, multiple sources told The Real Deal.

    The three-bedroom, three-bathroom unit is listed for $6.25 million by Jennifer Callahan and Kirk Henckels of Stribling & Associates. The purchase price for the apartment, which has been on the market since last August, was unknown. [more]

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  • Darren Sukenik and 815 Fifth Avenue

    A 25-foot-wide mansion along Fifth Avenue that hit the market last week with a $25 million asking price could ultimately sell for as much as $40 million, according to the Wall Street Journal, which used the property as an example of the strength of the high-end market.

    The building, at 815 Fifth Avenue, is currently divided into offices and apartments, but prospective buyers, who hail from around the world, are looking to restore hidden details from the original construction and transform it into a single-family home. [more]

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  • Kirk Henckels

    The market was hot for Manhattan co-ops with prices over $5 million last year, according to a new report from Stribling & Associates, with prices and volume of sales increasing.

    “Co-ops fared very well because the sellers reduced their prices,” said Kirk Henckels, executive vice president and director of Stribling Private Brokerage. “They got very real regarding bringing their prices back down from the peak of the market.” [more]

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  • alternate<br /></a>text
    From left: 15 CPW, Time Warner Center and the Plaza

    Not only is the high-end of the Manhattan housing market healthy, but in some respects it’s performing just as well as it did during the market’s peak, according to the Wall Street Journal. Seven deals worth more than $30 million have been recorded this year, not including Sanford Weill’s recent $88 million sale, the most since 2008 and the third-most ever. Further, the $6,000 per square foot price point that was noteworthy even in 2008 has become somewhat more commonplace, the Journal said.

    The astronomical prices are buoyed by a shortage of ultra-luxury apartments, according to brokers, as the world’s wealthiest people are moving assets right now. … [more]

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  • From left: Shelley O’Keefe of the Corcoran Group, Soho Mews at 311 West Broadway, Corcoran Sunshine’s Joanie Achumacher and Kirk Henckels of Stribling & Associates

    Two years ago the holiday season was a dark time for New York City’s residential real estate brokers. This holiday season is quite a departure. Appointments are up, housing supply is down and brokers are planning to work through the holidays, making sure to be available for international buyers who will be in town and may just want to pick up a multi-million dollar Manhattan apartment as part of a holiday shopping spree.

    The bleak days of 2009 have not yet fully faded from memory. “Nothing compares to that,” said Shelley O’Keefe, a senior vice president at the Corcoran Group and head of on-site sales for Soho Mews condominium, at 311 West Broadway, of the 2009 holiday season, shortly after Soho Mews premiered. But things are more than looking up this year.
    [more]

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  • Top residential agents of the week

    November 18, 2011 06:24PM

    From left: Some of this week’s top brokers are Kirk Henckels, Alexa Lambert, Karen Foley (Sebiri), Jed Garfield and Daniela Kunen

    [more]

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  • Russian magnates and other foreign investors are buying up some of the priciest residential real estate in the U.S., Bloomberg News reported, as the weak dollar makes for a bargain purchase. They’re interested primarily in high-profile purchases that will make an impression with their friends back home, sources said.

    “Those trophies,” said real estate attorney Edward Mermelstein of recent purchases by foreign investors, “they’re buying them to make a splash. They’ll definitely gravitate to a property that’s higher profile as much as to a property with a long-term investment potential.”

    New York, California and Florida are the primary markets popular with Russian buyers, according to Miller Samuel, with more than 65 percent of nationwide properties asking more than $20 million located in those states. … [more]

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  • Brooke Astor and her home at 778 Park Avenue

    Brooke Astor’s 778 Park Avenue duplex, near 72nd Street, once listed for an eye-popping $46 million, is now available for $24.9 million after its third price cut, the Daily News reported. Astor’s son, Anthony Marshall, who was convicted last year of stealing from his mother’s estate, has been trying to sell the 15th-floor apartment, which boasts 14 rooms, five fireplaces and six terraces, since Astor died in 2007. It is listed by Stribling & Associates’ Kirk Henckels — the Corcoran Group’s Leighton Candler had the original listing. The price, now nearly 50 percent off of its original, was first cut to $34 million, and then to $29 million last May. [NYDN][more]

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  • The return of Wall Street bonuses, albeit largely in stock form, is proving a boon to the lower end of the luxury market, brokers say. After a year of going without, financiers who have bonuses coming to them once again are now looking to take advantage of a perceived trough in the real estate market — and quickly. “People are hearing about bonus money and think they’re going to miss out,” said Michele Kleier of boutique brokerage Gumley Haft Kleier, who said she received a flurry of calls in response to her high-end listings last week. Other luxury brokers experienced similar surges, an unusual event for what is typically a “quite sleepy” January market, said Stribling’s Kirk Henckels. Buyers in the $2 million to $3 million range are particularly active, with Manhattan contracts between $1.5 million and $5 million up 171 percent for the month that ended Jan. 15 over the year-ago period, according to Streeteasy.com. [NY Mag]

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  • Lust for luxury Manhattan properties has picked up again, but inventory is too low to satisfy the cravings of wealthy buyers looking for bargains, brokers say. The expected return of Wall Street bonuses, combined with the presence of foreign buyers looking to take advantage of the weak dollar, is quickly intensifying interest in the city’s most prized real estate, but according to brokers, there isn’t enough in the way of top-of-the-line lofts and Park Avenue penthouses to show them, especially in new condominium projects. At 15 Central Park West, three of the most high-end apartments recently sold, leaving only 11 smaller apartments on the market, a three or four months’ supply, based on the building’s recent sales rate. While such wealthy buyers may have been slow to emerge amid a severe recession, they are feeling less bashful about investing in luxury properties today. “Now when you can say you bought it at a third off of its previous value, it is not quite so embarrassing,” said Kirk Henckels, the director of Stribling Private Brokerage. “You look smart.” [NYT]

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  • Shh!! The art of selling quietly

    November 16, 2009 10:27AM

    Nikki Field of Sotheby’s International Realty at a listing for $7.5 million at 455 Central Park West

    From the November issue: In the fall of 2008, real estate broker Michael Garr was approached by a former client who had bought a large apartment in a tony building the previous spring. The client, who worked in finance, needed to downsize to a less expensive place after the Lehman fallout. But there was a catch: Garr had to keep the plan a secret, because the client hadn’t yet told his wife he was facing financial difficulty. “He didn’t want to upset her and the kids,” said Garr, the founder of Garr and Co., which was acquired this year by the residential brokerage Core. “He wasn’t going to consult her until he had some options.” High-end brokers have always prided themselves on being discreet. But like Garr, many are finding that secrecy has become more important than ever. “Whisper listings” — properties that are for sale, but not officially on the market — are becoming more common, as sellers seek to avoid the perception that they are unloading properties because of financial distress. Also known as “quiet listings,” they are often among the most expensive properties in the city.

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  • Top five sales agents of the week

    September 11, 2009 02:33PM

    The Real Deal has ranked the top listing agents of the week based on the highest priced residential deals filed with the city.

    Footnotes: Data is for closed deals filed with the city
    this week through Thursday. The chart only includes sellers’ brokers,
    because buyers’ brokers’ names are not available in city data or
    listings. The data does not include deals in contract. To obtain broker
    information, listing information was compared with sales records filed
    with the city. Only deals where an individual broker and address can be
    identified are included. As a result, private sales, listings where an
    address has not been provided and new development sales by a sales
    center are not included. Sources: Streeteasy.com and The Real Deal research.

    [more]

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  • Top five sales agents of the week

    September 04, 2009 03:58PM

    The Real Deal has ranked the top listing agents of the week based on the highest priced residential deals filed with the city.

    Footnotes: Data is for closed deals filed with the city
    this week through Thursday. The chart only includes sellers’ brokers,
    because buyers’ brokers’ names are not available in city data or
    listings. The data does not include deals in contract. To obtain broker
    information, listing information was compared with sales records filed
    with the city. Only deals where an individual broker and address can be
    identified are included. As a result, private sales, listings where an
    address has not been provided and new development sales by a sales
    center are not included. Sources: Streeteasy.com and The Real Deal research.

    [more]

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  • After Labor Day, luxury real estate brokers will be eyeing about 10 big
    listings that will act as bellwethers for the residential market as it
    heads into the fall. If these properties, including Brooke Astor’s
    duplex at 778 Park Avenue and the penthouse at the Plaza, sell, the
    market will look better, brokers said. In Brooklyn, the market will
    appear stronger if a triplex in Dumbo’s Clock Tower Building, on the
    market for $25 million, manages to sell. Another key unit is the $60
    million, 9,799-square-foot penthouse in the Mark Hotel, which Stribling
    & Associates’ Kirk Henckels said might appeal to a foreign buyer. … [more]

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