A seven-unit boutique condominium at 60 Orchard Street between Grand and Hester streets has launched sales on the Lower East Side. Stribling Marketing Associates is marketing the building, which expects move-ins by April. The building is comprised entirely of two-bedroom, two-bathroom units, which range in size from 1,218 square feet to 1,468 square feet. The units each include a gas fireplace, terrace and floor-to-ceiling windows. TRD … [more]
Posts Tagged ‘stribling’
The rumors surrounding Sarah Jessica Parker and Matthew Broderick’s real estate escapades can be laid to rest, according to the New York Observer, after word emerged that the couple — and its growing family — has nabbed an eight-bedroom, five-bathroom apartment in 88 Central Park West. The unit, once the home of Laurie Tisch, hit the market for $25 million in August, before dropping its asking price to $21.5 million recently. … [more]
The building that Guggenheims and Vanderbilts have called home is ready to welcome a new resident.
A roughly 5,000-square-foot co-op at 998 Fifth Avenue, designed by McKim, Mead & White, the architecture team behind the much-lauded original Pennsylvania Station, has hit the market for $24 million, even as a pricier unit there owned by private equity investor Steven Rattner languishes without a buyer, according to public records. … [more]
For the Olsen twins, perhaps the third time will be the charm for their 1 Morton Square penthouse in the West Village, which has just reentered the market, according to Curbed. The twins, who reportedly never lived in the apartment, tried unsuccessfully to flip the property — once in 2005 for $9.45 million and again in 2007 for $11.995 million. … [more]
HGTV’s new realty reality show, “Selling New York,” premiers tonight at 9 p.m., promising to showcase the “top of the real estate food chain.” The show follows Gumley Haft Kleier’s Michele Kleier and her broker daughters, Samantha Kleier Forbes and Sabrina Kleier Morgenstern, as well as Core’s Shaun Osher, among other brokers from each firm as they maneuver their way through some of the city’s most high-end real estate transactions. In honor of the debut, The Real Deal did some digging to find out which of the city’s prized properties are slated to be featured this season. Among them: a four-bedroom loft at the Chelsea Mercantile listed for $22.45 million, the 25 Murray Street loft for which former Giants star Michael Strahan is asking $1.85 million, a $17 million landmarked townhouse at 109 East 69th Street, and a 2,295-square-foot spread at highly-anticipated One Brooklyn Bridge Park (see slide show of many of the homes above). Click here for more information about the residences expected to appear in the upcoming season.
The Real Deal has ranked the top listing agents of the week based on the highest priced residential deals filed with the city.
Some of the top agents of the week, from left: Fritzi Kallop, Maria Pashby, Alexa Lambert, Iris Marden, Eileen Teich, Joanna Pashby and Cornelia Zagat ElandFootnotes: 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.
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]
Serena Boardman, a senior vice president at Sotheby’s, and Carrie Chiang, a senior vice president at the Corcoran Group
Serena Boardman and Carrie Chiang made the most appearances on The Real Deal’s weekly top agent list during the second half of 2009. The Real Deal’s list tracks the top five real estate agents with the highest priced residential sales each week, based on residential deals filed with the city. The feature began about halfway through the year.
Boardman, a senior vice president at Sotheby’s International Realty, ranked number one, making the list six times, followed by Carrie Chiang, a senior vice president at the Corcoran Group, who made the list five times. Boardman’s top sale in the last half of the year, as recorded by The Real Deal was the sale of a $9.75 million townhouse at 12 East 78th Street. Deals recorded during each week do not necessarily reflect current market conditions due to the lag time between when a contract is signed, closes and is recorded with the city. Boardman’s current listings include a massive $75 million mansion at 22 East 71st Street and the high-profile Bernard Madoff penthouse apartment. TRD
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]
From left: Stribling’s Lori Huler Glick and Cindy Kurtin won REBNY’s Residential Deal of the Year Award for the sale of the Bailey Mansion
This year’s REBNY Residential Deal of the Year Awards event was enlivened by tales of biting fleas, wild dogs and cremated remains, with Stribling’s Lori Huler Glick and Cindy Kurtin winning first place for selling the Bailey Mansion in Harlem. The Real Estate Board of New York presented its top awards at the annual event, held this year at 230 Fifth Penthouse Lounge. Gala committee members regaled a (not particularly quiet, as usual) crowd of 500 with details of the seemingly insurmountable obstacles this year’s winners overcame to make deals. … [more]
The most expensive homes to hit the market this week are a condo unit
and a townhouse both listed for $12 million, according to
Streeteasy.com. The five-story townhouse at 12 East 78th Street, which
belongs to Marisa Noel Brown and Matthew Brown, who lost money in
Bernard Madoff’s Ponzi scheme, is listed with Stribling &
Associates and Sotheby’s International Realty. The $12 million condo is
a three-bedroom, two-bath penthouse at 285 Lafayette Street, listed with
Brown Harris Stevens. The least expensive home listed this week is a two-bedroom, one-bath co-op at 518 West 134th
Street. The home is on the market for $237,500 with Realty Networking
Marisa Noel Brown, daughter of Madoff-ruined Fairfield Greenwich Group founder Walter Noel, and
her husband have put their townhouse at 12 East 78th Street on the
market. The 7,800-square-foot home is listed with Stribling &
Associates’ Patricia Farman-Farmaian for $12 million. Last month, the
Observer reported that the couple’s broker was calling other agents
saying the home was for sale for $11.5 million, but suggested that
interested parties could bid even lower. The couple bought the home in
January 2008 for $13.5 million.
Elizabeth Stribling and Ian Levine
Stribling & Associates has formed a property management alliance
with Spandrel Property Services, a property management firm and
affiliate of developer RAL Companies & Affiliates, the firms
announced this week. Spandrel will be able to solicit property management business from
Stribling’s high-end brokers, said Ian Levine, Spandrel’s president,
who is also COO and CFO of RAL. RAL developed One Brooklyn Bridge Park,
for which Stribling is the exclusive sales and marketing broker. Elizabeth Stribling, Stribling’s founder and president, said since her company does not have a property management division this
arrangement benefits her firm because her sales agents can better meet
client needs. Stribling & Associates can refer clients who are looking for a
property manager to Spandrel, Stribling said. Often, building board
members ask for property manager recommendations, she said. … [more]
of the 190 units at One Hanson Place have sold, but the remaining units
are now available for rent. On Stribling Marketing Associates’ Web site, 19 units are
listed as rentals, with monthly rents ranging from $3,400 to $4,900.
Three other units have been listed for-rent-by-owner since the
fall. One Hanson Place was converted into a residential building in 2006 by
Dermot Company and the Canyon-Johnson Urban Funds. … [more]