The Real Deal New York

Posts Tagged ‘West End Avenue’

  • 498 West End Avenue

    498 West End Avenue

    Samson Management will launch sales at its luxury condominium building at 498 West End Avenue in September. [more]

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  • From left: 720 West End Avenue, Major James Betts, Helen Rosenthal and Letitia James

    From left: 720 West End Avenue, Major James Betts, Helen Rosenthal and Letitia James

    The Salvation Army wants to relocate seniors to a new residence with a community center, rooftop restaurant and library. But the East Harlem location of the facility has become a sticking point. [more]

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  • 10 West End Avenue

    WEEKENDEDITION Upper West Siders are turning their noses up at a truffle shop at 10 West End Avenue.

    Urbani Truffles has been at the base of the condo building since 2010, but residents say that the “pungent and putrid” smells coming from the shop are hurting property values and making at least one condo “uninhabitable,” according to a new lawsuit.  [more]

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  • West End Ave. condos on UWS hit market

    August 28, 2013 09:24AM
    Units at 732 West End Avenue on the Upper West Side

    Units at 732 West End Avenue on the Upper West Side

    The condominiums at 732 West End Avenue on the Upper West Side have hit the market. The building has 12 full-floor, three-bedroom, three-bathroom apartments, a ground-floor triplex unit with a private outdoor garden, and a four-bedroom penthouse. Perks in the building include private keyed elevators and a 24-hour fitness center. [more]

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  • From left: Matthew Baron, principal of Simon Development, and 393 West End Avenue

    An Upper West Side rental building that sold for $55.6 million in March of this year has traded hands yet again — this time for $68.3 million. Despite the nearly $13 million price hike, Simon Development Group, the latest buyer, is convinced it got a bargain on the 113-unit prewar building.

    Matthew Baron, principal at Simon, confirmed that the developer purchased 393 West End Avenue, situated at the corner of West 79th Street. He said that the company is convinced that it can make money on the transaction by making significant upgrades to the property. He noted that improving market conditions contributed to the swift increase in valuation, but that he “saw an asset that — even at the number we paid — is still a very undervalued one,” given the location. [more]

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  • Upper West Side new developments, from left: the Laureate, the Rushmore, the Aldyn and 846 West End Avenue

    The median listing price for new development apartments in Manhattan is up 10 percent year-over-year to $1.486 million in May, according to Streeteasy.com’s new development May market report. Contract activity and median sales prices for new homes in Manhattan and Brooklyn have increased significantly year-over-year. Meanwhile inventory has declined, most significantly in Brooklyn, where it was 33 percent lower than it was a year ago, and 19 percent lower than six months ago. [more]

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  • From left: Aaron Jungreis of Rosewood and the three buildings at 65 West 91st Street, 393 West End Avenue and 55 West 92nd Street

    [Updated at 1:55 p.m. with comment from Aaron Jungreis] The sale of three Upper West Side buildings once marketed as part of residential portfolio comprising four properties has closed for a combined price of approximately $145.5 million, according to Aaron Jungreis, founder of Rosewood Realty Group, who brokered the deal. [more]

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  • Anthony Razzano, a resident of 698 West End Avenue, has spearheaded an effort in his building to give doormen and elevator operators the right to sit, rest and maybe even drink the occasional cup of coffee on the job, New York magazine reported.

    Since landlord Heller Realty issued the decree against eating, drinking or sitting at any time during workers’ eight-hour shift, last month, Razzano has mobilized the residents of his building, at 94th Street, in solidarity with tired staff.

    New York magazine speculated that the landlord may be retaliating for the extended contract negotiations with SEIU 32BJ, the doormen and elevator operators’ union, which ended in October. … [more]

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  • Last week, the Abraham Joshua Heschel School filed with the city the sale of its1 6,481-square-foot middle school property at 314 West 91st Street, between West End Avenue and Riverside Drive, to the Ideal School of Manhattan for $11.75 million.

    The Jewish day school currently occupies three buildings in the area including 270 West 89th Street, 314 West 91st Street and 20 West End Avenue. They are currently building an additional property at 30 West End Avenue to house the middle school. The Ideal School will allow them to lease their current property till the construction at West End Avenue is complete, a spokesperson for the school said. … [more]

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  • Stamford, Conn.-based community bank Patriot National Bancorp said it will close four of 19 branches and has sold $65 million in non-performing loans and real estate to ES Ventures One, in a bid to restore the lender to improved fiscal health. The lender, which has one branch on Manhattan’s West Side, sold the assets after a two-year struggle to recover from the economic downturn. Bank officials said they had multiple bids for the assets, which have accumulated over the past two years. They declined to characterize how much of a gain or loss the bank assumed on the sale, but said there were multiple bids for the portfolio, which includes mostly loans for single-family homes and a few commercial properties. … [more]

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  • 845 West End Avenue and Fred Wilpon of Sterling American Properties
    A New York state appeals court has handed down a victory to investment partners Atlas Capital and Fred Wilpon’s Sterling American Properties, who challenged a lower court ruling that blocked an eviction at their 845 West End Avenue condominium conversion based on the landmark class action victory by tenants at Stuyvesant Town and Peter Cooper Village. Jeffrey Turkel, a partner at Rosenberg & Estis, representing 845 West End, said that the decision represents the first time that the state appellate term has reviewed a case involving tenants trying to get out of a stipulation agreement based on the Stuy Town case, which was owned by Tishman Speyer. In the Stuy Town case, the landlord was found to have illegally deregulated apartments and overcharged tenants. … [more]

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  • Gluck buys UWS’ Windermere Hotel

    November 19, 2010 01:27PM

    Larry Gluck and the Windermere Hotel

    Larry Gluck’s Stellar Management has purchased the 374-unit Windermere Hotel at 666 West End Avenue for $68 million, according to the Post. The 23-story building currently contains both market-rate and stabilized hotel rooms and apartments, but Gluck said yesterday’s closing — with more than $50 million in financing from a group led by Signature Bank — marked the end of transient guests at the property. … [more]

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  • 752 West End Avenue (source: PropertyShark)

    David Bistricer’s Clipper Equity and the family-owned Rieder Holdings closed on the purchase of the 197-unit Upper West Side apartment building at 752 West End Avenue from Westbrook Partners for $72.36 million. 
    The purchase of the former hotel built in 1931, known as the Paris, which closed today, is one of the most expensive apartment sales so far this year. The Real Deal reported in July that the building was in contract.
    Bistricer, a managing partner with Brooklyn-based Clipper Equity, confirmed the purchase and said the new owners would make improvements in the structure and did not plan on a condominium conversion.
    “We are long-term owners. Right now we will keep it as a rental. That is the plan,” he said. “We think it is a great location, a beautiful building. It was well-maintained by Westbrook and we are going to take it to the next level.”
    The sale has not yet appeared in city property records.
    Private equity firm Westbrook apparently took a $13 million loss on the approximately 161,000-square-foot building located at 97th Street, which it bought in August 2007 for $85.8 million, city property records show. Westbrook declined to comment. 
    Aaron Jungreis, president of investment sales firm Rosewood Realty Group, was the broker on the purchase and Adam Spies and Douglas Harmon, senior managing directors at Eastdil Secured, were advisors to Westbrook. 
    The only larger sales in Manhattan this year were the portfolio of three former Macklowe Properties apartment buildings for $475 million to Sam Zell’s Equity Residential; a $125 million purchase by New York University of a dorm; and the $125 million foreclosure auction of Riverton Houses. 
    Bistricer was a bidder on the purchase of the 5,881-unit apartment project Starrett City in Brooklyn, but the $1.3 billion sale was blocked in 2007 by the U.S. Housing and Urban Development. Bistricer also bid on the Riverton Houses at the foreclosure auction of the property in March, but was outbid by the lender, CWCapital Asset Management.
    The Rieder family began in New Jersey and owns and manages about 1,000 apartment units in the area, Samuel Rieder, a principal with the company, said.

    [more]

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  • $30M wide UWS townhouse hunts for buyers

    September 15, 2010 06:30PM

    From left, a photo of the townhouse taken in 1897, a year after it was completed;
    a rendering of the townhouse after renovations; a mural in the ballroom; and Fred Williams of Sotheby’s

    What’s believed to be one of the city’s widest townhouses is on the market, thoug … [more]

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  • $30M wide UWS townhouse hunts for buyers

    September 15, 2010 06:30PM

    From left, a photo of the townhouse taken in 1897, a year after it was completed;
    a rendering of the townhouse after renovations; a mural in the ballroom; and Fred Williams of Sotheby’s

    What’s believed to be one of the city’s widest townhouses is on the market, thoug … [more]

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  • alternate text
    From left: Laurence Gluck, 666 West End Avenue and 752 West End Avenue (building photos’ source: PropertyShark)

    Two unrelated apartment owners with checkered ownership records,
    Laurence Gluck and David Bistricer, are each in contract to buy large
    apartment … [more]

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  • alternate textFrom left: 266 West End Avenue and 541 West 133rd Street

    The priciest Manhattan home to hit the market this week is a six-story, 14,000-square-foot limestone mansion at 266 West End Avenue on the Upper West Side, according to Streeteasy.com. The six-bedroom, nine-bathroom unit, is on the market for $30 million. Built in 1896, it is the former home of Mae West. Fred … [more]

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  • Barneys former CEO buys $2M home

    April 14, 2010 11:57AM

    While Howard Socol, a mainstay on the New York City fashion scene and the former CEO of Barneys, may be taking a break from fashion’s big business, he’s made waves in the real estate world. Socol recently purchased a $2 million apartment at 771 West End Avenue, according to the Observer. The home, which was marketed by the Corcoran Group’s Susan Nierenberg, includes an eat-in kitchen and approximately four or five bedrooms. Socol’s daughter and son-in-law also appear on the deed.

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  • David Kuperberg

    Cooper Square Realty,
    a subsidiary of FirstService Residential Management, is one of the
    largest residential property management companies in New York City. It
    manages 437 condominiums, cooperatives, and rental properties in New
    York City, including the Plaza Residences, 10 West End Avenue and One
    Lincoln Square, with an aggregate value of over $5 billion.

    How profitable is your business today compared to say five years ago?
    Our net income is four times higher and our staff has increased more than 150 percent.

    A group of 45 unit owners at Rector Square condominium in Battery Park filed a $100 million lawsuit against Yair Levy, Michael Shvo and you, alleging widespread fraud, negligence and misrepresentation. How do you respond to the suit?
    In a lawsuit of this size — there are 12 defendants named — the
    plaintiffs included as many parties as possible. As the managing agent,
    we were also named. The majority of claims are unrelated to our role as
    managing agent; we did nothing wrong.
    Compiled by Lauren Elkies.[more]

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  • Abigail Disney, Walt Disney’s grandniece, has sold her pair of 300 West End Avenue co-ops for a combined $7.2 million, but not before a string of hefty price cuts. Disney purchased the two semi-combined, nine-room units from singer Harry Belafonte for $10.75 million in 2006. They hit the market again in April 2008 for $13.45 million. The price was cut to $11.95 million, and then to $10.95 million before finally selling last month to two separate buyers. Amy Gold and Brett Gorvy, deputy chairmen at Christie’s, purchased the B-line apartment for $3.45 million, and the A-line apartment sold for $3.75 million. Dolly Lenz of Prudential Douglas Elliman had the listing. … [more]

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