Ryan Serhant, Fredrik Eklund and Luis D. Ortiz
On “Million Dollar Listing New York” — the second season of Bravo TV’s reality show premiered last night — the properties usually take a back seat to the personalities. Indeed, the time between filming and airing often means the homes have been sold, or pulled from the market, before viewers even see them. [more]
From left: Luis Ortiz, Ryan Serhant and Fredrik Eklund
The reality of “Million Dollar Listing New York” is that TV and high-profile real estate deals aren’t perfect partners, the New York Times reported.
Fredrik Eklund of Douglas Elliman and Ryan Serhant of Nest Seekers International, two cast members of the Bravo TV reality show, which returns to the air Wednesday, saw their fortunes skyrocket after appearing on camera. [more]
Ryan Serhant and the apartment at Loft 25
“Million Dollar Listing New York” star and Nestseekers broker Ryan Serhant is moving from 20 Pine Street in the Financial District to edgier West Chelsea, where the market is heating up. The reality star told The Real Deal that he would move into his new digs at Loft25 at 420 West 25th Street tomorrow, after more than two years at the Pine Street property.
“If you’re not selling on Central Park, you’re selling on Tenth Avenue right now. I follow the deals and like to live within the product I sell,” Serhant said. “If you’re a buyer looking in West Chelsea, would you buy from an agent who lives in the neighborhood or one who doesn’t? Knowledge is power in this business and there’s no better way to educate yourself on real estate than by living there.” [more]
Michael Lorber
Michael Lorber appears to be house hunting in Philadelphia. The Douglas Elliman broker and former star of Bravo TV’s “Million Dollar Listing New York” was recently scoping out properties on the Main Line, an affluent cluster of towns in Philadelphia’s western suburbs, a source told Curbed.
Lorber is apparently looking for an investment property in the area and was taken with an eight-bedroom house in Bryn Mawr. The 11,873-square foot home, designed by architect Walter Durham, is listed for almost $5 million and features three fireplaces, a pool and 5.8 acres of outdoor space. [more]
From left: Yuval Greenblatt, Oren Alexander, Caroline Bass, Kyle Blackmon and Josh Flagg
Marked financial success in real estate was once the purview of older, established agents who had labored for years to carve out a particular territory. But no more. As the Wall Street Journal reported, ambitious young people are an increasing bulk of the most successful agents in the profession, as fields such as finance and law have become less attractive in tough economic times.
Yuval Greenblatt, an executive vice president at Prudential Douglas Elliman, told the Journal one quarter of his team is now composed of agents under the age of 30. [more]
From left: Luis Ortiz, Ryan Serhant and Fredrik Eklund
Luis D. Ortiz, who recently joined Keller Williams NYC after 18 months at Synergy NYC, is the newest addition to the cast of “Million Dollar Listing New York,” sources said. The real estate-themed Bravo show catapulted Elliman brokers Fredrik Eklund and Michael Lorber and Nestseekers’ Ryan Serhant to fame last year.
Sources spotted Ortiz filming early scenes for season two of the hit show on Wall Street. It was not immediately clear if he is the only new broker joining the show. [more]
A screen grab of the videoGet your listening ears ready: Josh Altman of “Million Dollar Listing Los Angeles” fame has a new music video out. Entitled “I Sell the Dream,” it features Altman, an agent with Hilton & Hyland, rapping with a guy in dollar-sign glasses, surrounded by pretty women. “Who gon’ buy this house today?” he raps. “You gon’ buy this house today!” See the video and more after the jump.
21 East 26th Street (credit: PropertyShark)
The developers of a Madison Square Park building — slated to be featured on the television series “Million Dollar Listing,” according to reports — have received a $26 million construction loan to proceed with their plans to convert the building to condominiums, The Real Deal has learned.
Developer David Mitchell, of Mitchell Holdings, secured the loan from Joseph Merrill Capital, a New York-based real estate investment banking firm. Mitchell bought the building, located at 21 East 26th Street at the park’s north end, for $13.2 million last year from the plumbers’ union, according to city records. [more]
Michael Lorber and 241 Orange Grove Road
From the South Florida site: Michael Lorber, star of Bravo’s “Million Dollar Listing New York” and son of Douglas Elliman Chairman Howard Lorber, has splurged on his very own Palm Beach pad following the season finale of his hit show, he told The Real Deal today. Lorber paid $1.3 million for his new digs at 241 Orange Grove Road, he said, buying it from a company that owns and rents out hundreds of homes in South Florida. The asking price was $1.49 million. [more]
Bravo’s new reality TV show, “Million Dollar Listing New York,” was recently picked up for a second season. The Real Deal’s Candace Taylor and Lauren Elkies sat down with the three Manhattan real estate brokers who star on the show — Ryan Serhant of NestSeekers and Prudential Douglas Elliman’s Fredrik Eklund and Michael Lorber — to find out how TV stardom has impacted their lives and careers. … [more]
For NYC real estate updates provide email below
