Dead Cat Bounce?
- Thread starter David Goldsmith
- Start date
Well back then it had 20 foot ceilings
121 West 20th Street #2A in Chelsea, Manhattan | StreetEasy
121 West 20th Street, New York, Ny, 10011: ITS HARD TO IMAGINE WHAT 20' CEILINGS FEEL LIKE UNLESS YOU WALK INTO THIS BREATHTAKINGLY BEAUTIFUL IRON COLUMNED 3 BEDROOM...
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I forgot to call. How about $46M?
For Sale: 23 East 22nd St. #PH in Flatiron
23 EAST 22 STREET #PH is a sale unit in Flatiron, Manhattan priced at $42,000,000.
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For inonada
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For Rent: 8 Spruce St. #PHN in Fulton/Seaport
8 Spruce Street #PHN is a rental unit in Fulton/Seaport, Manhattan priced at $29,995.
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Price History
You think they'd take an offer that low?I forgot to call. How about $46M?
For Sale: 23 East 22nd St. #PH in Flatiron
23 EAST 22 STREET #PH is a sale unit in Flatiron, Manhattan priced at $42,000,000.
BTW with all the blather about architectural provenance in the original listing, am I the only one who finds the actual build out bland, unoriginal, generic, etc?
The funny thing is that if you had offered them this $30K ask 6 months ago, they would have not accepted it. $180K down the drain and counting….For inonada
For Rent: 8 Spruce St. #PHN in Fulton/Seaport
8 Spruce Street #PHN is a rental unit in Fulton/Seaport, Manhattan priced at $29,995.Price History
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I was in such a situation several years ago. I made my offer, the agent came back with the best they could. But it was still 10% higher than would make sense for me, so I politely passed. Six months later, they had chopped to exactly our offer.
Sometimes it’s better to let time do the work for you. Clearly the opening bid can now start with a 3-handle. Probably the closing one too.
The buildout is pretty tame. That can be OK: subtle is better than over-the-top. The staircase is the best part. I dislike the dropping of the ceilings everywhere outside the dining room. The wood paneling is not to my taste, but you have to remember this is a 91 year old man with traditional sensibilities.
Convicted cosmetics mogul relists 15 CPW pad with another price cut
Italian cosmetics mogul Piofrancesco Borghetti, convicted of embezzlement in 2014, is once again trying to sell his pricey Manhattan condo.
therealdeal.com
Convicted cosmetics mogul relists 15 CPW pad with another price cut
Piofrancesco Borghetti was accused of using embezzled funds to buy condo in 2008
An Italian cosmetics mogul accused of using stolen funds to buy his expensive Lincoln Square pad is once again trying to sell the apartment after 11 years and $9 million in price cuts.Piofrancesco Borghetti, who was convicted in 2014 of embezzling millions of euros from Milan-based perfume company Limoni, has relisted his condo at 15 Central Park West for $19 million, or about $6,900 per square foot.
Borghetti first listed the 2,800-square-foot pied-à-terre for $27.8 million in 2012 while fighting embezzlement and fraud charges in Italian court. After seven months, Borghetti pulled the listing and offered the unit as a $45,000 a month rental in 2013, but still found no takers.
It was back on the market for $21 million in late 2021, months after Borghetti said he had reached an agreement with Limoni, now known as Douglas Italia, to settle litigation in New York following his conviction in Italy. Along with another company allegedly affected by Borghetti’s scheme, Douglas Italia was reportedly seeking $6.6 million in judgments against the mogul. Details of the settlement were not disclosed.
The reduced asking price for Borghetti’s Central Park West apartment is still nearly double the $9.9 million he paid for it in 2008. The three-bedroom home features a library, floor-to-ceiling windows and panoramic views of Central Park, according to the listing with Engel & Volkers’ Paul Gavriani.
Designed by Robert A.M. Stern, 15 Central Park West includes amenities such as a private restaurant with in-home dining services, 75-foot-long lap pool, fitness center and outdoor terrace.
The building is no stranger to controversial foreign buyers. In 2011, billionaire Russian oligarch Dmitry Rybolovlev paid a then-record $88 million for a 10-bedroom penthouse in the building, purportedly for his daughter.
One year later:Seems like another celebrity building with a bunch of recent turnover, especially for penthouses, and at elevated numbers. With the celebs exiting will it affect the bloom on this rose in the future?
443 Greenwich St. in Tribeca
443 Greenwich St.: 443 Greenwich is the restoration and transformation of a historic 19th-century book bindery factory into 21st-century luxury residences...
Jennifer Lawrence sells 443 Greenwich condo for $10M
Actress Jennifer Lawrence sold her condo at 443 Greenwich Street for $9.8 million, six years after buying it for just over $9 million.
preview.therealdeal.com
Jennifer Lawrence sells 443 Greenwich condo for $10M
A-list actress latest in string of household names to exit “paparazzi-proof” buildingJennifer Lawrence is the latest celebrity to bid farewell to 443 Greenwich Street.
The A-list actress sold her apartment in the star-studded, “paparazzi-proof” Tribeca building last month for $9.75 million, according to property records, which show that the unit was bought by three shell companies registered in Las Vegas.
It’s more than the $9.03 million she paid for the 3,100-square-foot unit in 2017, but less than the $11 million she initially sought when she listed the condominium last June with Compass’ Pamela D’Arc. The asking price was lowered twice to just under $10 million.
D’Arc declined to comment.
Shortly after purchasing the apartment, the “Hunger Games” star sought to rent it for $27,500 a month while she was in London shooting the spy thriller “Red Sparrow,” though it’s unclear if any deep-pocketed tenants took her up on the offer.
A number of celebrities have bought and sold units at 443 Greenwich Street since developer Metro Loft launched sales in 2014. Formula One driver Lewis Hamilton sold his $50 million penthouse in December 2021, a month before Justin Timberlake sold his pad for $29 million. Comedian Mike Myers bought an apartment there in 2016 but sold it a few months later, without ever moving in. Harry Styles also appears to have sold his unit there in 2021, though that deal went unreported.The building still appears to be home to stars like Ryan Reynolds and Blake Lively. Metro Loft’s Nathan Berman once claimed that 90 percent of its 53 units were occupied by household names.
The building became popular with celebrities because of its underground motor court, which allows them to come and go without being seen. Other amenities at the eight-story building include a 70-foot-long indoor pool with Turkish baths, a 5,000-square-foot landscaped roof and a central courtyard.
Lawrence’s former unit has three bedrooms and 3.5 bathrooms and a 70-bottle wine cooler in the chef’s kitchen.
Jimmy Choo founder’s penthouse tops Manhattan luxury market
Tamara Mellon’s Upper East Side penthouse was asking $19.5 million when it went into contract. It was initially listed at $34 million.
therealdeal.com
Jimmy Choo founder’s penthouse tops Manhattan luxury market
Tamara Mellon was aking $19.5M for UES penthouse — less than she paid
FEB 27, 2023, 1:26 PM
By
The most expensive Manhattan home to go into contract last week was Tamara Mellon’s penthouse at 3 East 95th Street, according to Olshan Realty’s weekly report of homes in the borough asking $4 million or more.
Mellon is a co-founder of Jimmy Choo shoes and her own namesake brand. The British fashion entrepreneur paid $20 million for the apartment in 2008.
The condominium unit went into contract last week with an asking price of $19.5 million after flitting on and off the market since it was listed in 2014 for $34 million.
The duplex is more than 7,100 square feet and has four bedrooms and 4.5 bathrooms. The lower level has 12-foot ceilings and a 41-foot-wide sunken living room with a fireplace.
The living room connects to a terrace and loggia — an outdoor, covered corridor. The primary bedroom and formal dining room each have a fireplace, as does the library on the upper level, which also has an office and wraparound terrace. The unit also has a roof terrace.
Monthly common charges and taxes add up to nearly $40,000.
The second most expensive home to go into contract was unit 83W at Gary Barnett’s 217 West 57th Street, a sponsor apartment at Central Park Tower asking $17 million. The pad is actually on the 53rd floor, not the 83rd as the unit number suggests. The building has 98 stories but, for marketing purposes, the floor numbers run well into the triple digits.
The unit measures 3,000 square feet and has three bedrooms, 3.5 bathrooms, 12-foot ceilings and views to the north, west and south.Central Park Tower is a 1,550-foot supertall skyscraper with 179 units, marketed as the tallest residential building in the world. Its more than 50,000 square feet of amenities include indoor and outdoor pools, a fitness center, a children’s playroom and a club on floor No. 100 — which is actually the 68th floor — that has a ballroom, bar and cigar lounge.
Of the 23 Manhattan luxury units that went into contract last week, 14 were condos, six were co-ops and three were townhouses. Their combined asking prices were $184.8 million.
The average asking price was $8 million and the median was $6.5 million. The average discount from the original asking price was 10 percent and the median time on the market was 692 days — about a year and 11 months.
The 23 luxury contract signings were two shy of the 10-year average for Presidents’ week.
Price History
| 03/15/2023 | Price decreased by 12% | $10,995,000 ↓ |
|---|---|---|
| 07/15/2022 | Listed by The Agency | $12,500,000 |
| 03/07/2022 | Off market temporarily | $12,500,000 |
| 01/05/2022 | Previously Listed by Compass | $12,500,000 |
| 09/24/2021 | Off market temporarily | $12,850,000 |
| 02/29/2020 | Previously Listed by Compass | $12,850,000 |
For Sale: 157 West 57th St. #58B in Midtown
157 WEST 57 STREET #58B is a sale unit in Midtown, Manhattan priced at $24,800,000.
streeteasy.com
Price History
| 02/03/2023 | Listing sold | $24,800,000 |
|---|---|---|
| Sale recorded | $19,300,000 | |
| 12/02/2022 | Listing entered contract | $24,800,000 |
| 07/22/2022 | Listed by Douglas Elliman | $24,800,000 |
| 09/30/2015 | Extell Development Company Listing sold | $27,000,000 |
| Previous Sale recorded | $24,594,237 | |
| 02/05/2014 | Previously Listed by Extell Development Company | $27,000,000 |
Chicago FC going forward with new training facility
The Chicago Fire Football Club will begin building a new $85-$95 facility this spring, which is generating concerns among locals
therealdeal.com
One57 condo sells at $6M loss
Discount deal is latest at Extell’s Billionaires’ Row towerWith another resale, came another bargain at Extell Development’s One57.
A 58th-floor condo at the tower sold last month for $19.3 million, down $5.5 million from the asking price, according to property records. The buyer, shielded by an LLC, paid $4,600 per square foot for the three-bedroom unit.
Douglas Elliman’s Chih Chun Jerry Huang had the listing. Unit 58B hit the market last summer asking $24.8 million after the seller, an unknown LLC, purchased the condo in 2015 for $24.6 million.
The deal for the 4,200-square-foot condo marks another discounted resale at 157 West 57th Street. The megatower, once considered the star of Billionaire’s Row, once fetched record-high deals, but has since lost momentum.
One57 was the first of the ultra-luxury buildings to go up in the highly-anticipated corridor, launching in 2011 and going on to report sky-high sales figures. Around the time Manhattan’s luxury condo market reached its peak in 2014, the developer sold a penthouse in to billionaire Michael Dell for $100 million.
But demand for units in the building has since cooled, with resales posting notable losses. Investor Robert Herjavec, known for his appearances on Shark Tank, bought a condo in 2021 for $34.5 million — about $13 million less than its previous purchase.The building’s other 58th-floor unit sold in December 2020 for $16.8 million, down more than 50 percent from its initial purchase price in 2014. Chinese conglomerate HNA Group also sold three units in the building in 2020, all at a loss.
https://therealdeal.com/new-york/20...sive-incentive-spurs-manhattan-luxury-market/
When the ultra-luxury market began to slow in recent years, Extell has been quick to jump on the offensive with perks to lure buyers.
The developer in 2018 offered three years’ worth of common charges on one- and two-bedroom units entering contract by Dec. 31 that year. After mortgage rates soared in late 2022, Extell offered a “Rate Rewind” program that would buy down mortgage rates for buyers at One Manhattan Square on the Lower East Side and Brooklyn Point in Downtown Brooklyn.
Some odd bouncing. I'd say high degree of likelihood sales price doesn't reflect some off contract/side letter adjustments making actual sales price more like the $699k asking price.
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For Sale: 230 East 79th St. #3C in Lenox Hill
230 EAST 79 STREET #3C is a sale unit in Lenox Hill, Manhattan priced at $699,000.
streeteasy.com
| DATE | PRICE/EVENT |
|---|---|
| 4/20/23 | $699,000 Sold by Compass |
| 4/16/23 | $850,000 Closing record |
| 1/11/23 | $699,000 In contract |
| 9/21/22 | $699,000 Price decreased 13% |
| 7/1/22 | $799,000 Listed by Compass |
| 6/30/22 | $799,000 Delisted by Compass |
| 1/6/22 | $799,000 Listed by Compass |
| 11/22/21 | $900,000 No longer available |
| 4/26/21 | $900,000 In contract |
| 1/28/21 | $695,000 Listed by Douglas Elliman |
| 1/28/21 | $849,000 In contract |
| 1/25/21 | $849,000 Delisted by Douglas Elliman |
| 10/14/20 | $849,000 In contract |
| 9/24/18 | $1,095,000 Listed by Douglas Elliman |
| 8/30/18 | $1,095,000 No longer available |
| 3/6/18 | $1,200,000 No longer available |
| 3/5/18 | $1,200,000 Listed by Brown Harris Stevens |
| 3/5/18 | $1,200,000 Listed by Brown Harris Stevens |
| 1/23/18 | $1,200,000 Listed by Corcoran |
| 10/23/14 | $1,165,000 No longer available |
| 10/22/14 | $1,186,261 Closing record |
| 9/11/14 | $1,165,000 In contract |
| 8/6/14 | $1,165,000 Listed by Corcoran |
| 7/30/14 | $1,165,000 Delisted by Corcoran |
| 7/30/14 | $1,165,000 Listed by Corcoran |
| 7/16/13 | $1,199,000 Listed by Corcoran |
For Sale: 52 Wooster St. #PH in Soho
52 WOOSTER STREET #PH is a sale unit in Soho, Manhattan priced at $10,995,000.
streeteasy.com
| DATE | PRICE/EVENT |
|---|---|
| 6/1/2023 | $10,995,000 Listed by SERHANT. |
| 9/9/2022 | $12,995,000 No longer available |
| 6/10/2022 | $12,995,000 Temporarily off market |
| 5/16/2022 | $12,995,000 Price decreased 7% |
| 4/8/2022 | $14,000,000 Listed by SERHANT. |
| 2/24/2022 | $14,000,000 Temporarily off market |
| 12/6/2021 | $14,000,000 Listed by SERHANT. |
| 8/22/2018 | $13,900,000 Sold by Corcoran |
| 8/19/2018 | $13,900,000 No longer available |
| 8/17/2018 | $13,825,012 Closing record |
| 7/18/2018 | $13,900,000 In contract |
| 7/18/2018 | $13,900,000 No longer available |
| 5/29/2018 | $13,900,000 In contract |
| 3/21/2018 | $13,900,000 Price decreased 6% |
| 1/22/2018 | $14,800,000 Listed by Corcoran |
| 1/22/2018 | $14,800,000 Delisted by Town Residential |
| 6/23/2017 | $14,800,000 Listed by Town Residential |
Half Eddieeeee! Half!
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35 Hudson Yards #8401 in Hudson Yards, Manhattan | StreetEasy
35 Hudson Yards, New York, Ny, 10001: EXPERIENCE SWEEPING VIEWS OF THE HUDSON RIVER FROM THIS EXPANSIVE FIVE BEDROOM HOME SPANNING THE ENTIRE SOUTHERN FACADE OF THE ...
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A lot of bouncing, mostly downward
www.wsj.com
The penthouse at the Woolworth Building has sold for $30 million. CHRIS COE/OPTIMIST CONSULTING
By Katherine Clarke
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Aug. 4, 2023 12:30 pm ET
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WSJ News Exclusive | Woolworth Building’s ‘Pinnacle’ Penthouse, Once Asking $110 Million, Sells for $30 Million
The buyer of the roughly 12,000-square-foot Manhattan pad is Scott Lynn, chief executive of online art investment platform Masterworks.
www.wsj.com
Woolworth Building’s ‘Pinnacle’ Penthouse, Once Asking $110 Million, Sells for $30 Million
The buyer of the roughly 12,000-square-foot Manhattan pad is Scott Lynn, chief executive of online art investment platform Masterworks
The penthouse at the Woolworth Building has sold for $30 million. CHRIS COE/OPTIMIST CONSULTING
By Katherine Clarke
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Aug. 4, 2023 12:30 pm ET
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TEXT
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Lower end bouncing
streeteasy.com
7/29/2023
$699,000
Price decreased 10%
7/14/2023
$775,000
Price decreased 9%
5/28/2023
$850,000
Listed by The Agency
12/12/2022
$799,000
Delisted by Douglas Elliman
11/17/2022
$799,000
Price decreased 11%
10/20/2022
$895,000
Price increased 2%
10/18/2022
$875,000
Price decreased 10%
8/4/2022
$975,000
Listed by Douglas Elliman
8/3/2022
$975,000
Temporarily off market
7/26/2022
$975,000
Listed by Douglas Elliman
29 East 9th Street #1 in Greenwich Village, Manhattan | StreetEasy
29 East 9th Street, New York, Ny, 10003: A rare opportunity to live in one of Greenwich village's most iconic buildings. This thoughtfully designed one-bedroom apart...
streeteasy.com
$699,000
Price decreased 10%
7/14/2023
$775,000
Price decreased 9%
5/28/2023
$850,000
Listed by The Agency
12/12/2022
$799,000
Delisted by Douglas Elliman
11/17/2022
$799,000
Price decreased 11%
10/20/2022
$895,000
Price increased 2%
10/18/2022
$875,000
Price decreased 10%
8/4/2022
$975,000
Listed by Douglas Elliman
8/3/2022
$975,000
Temporarily off market
7/26/2022
$975,000
Listed by Douglas Elliman