Archive for the ‘Business’ Category

Kirsten Dunst’s Soho Penthouse is Renting for $12,500/Month

Source: Curbed NY Actress Kirsten Dunst—star of Spider-Man and the feel-good movie of the decade, Melancholia—just listed her lovely, fully-furnished two-bedroom penthouse at 533 Canal Street for $12,500/month. Dunst bought the place way back in 2007 for $3.09 million and completed a full gut-renovation shortly thereafter. Now, the apartment has “stunning” Hudson River views framed [...]

A wave of new New York City condos ranges from affordable to astronomical

Source: NY Daily News Another condo development wave is rising, but this time it might actually benefit real people. More than half of the 2,500 new apartments slated to hit the market in Manhattan this fall will be geared toward first-time and price-sensitive buyers, according to data from real estate firm Corcoran Sunshine Marketing Group. [...]

Real Estate Tycoon Chetrit Buys NYC’s ‘Dirtiest Hotel’ for $180M

Source: Jewish Voice NY New York real estate mogul Joseph Chetrit has purchased the infamous Hotel Carter for over $190 million. The once Times Square flophouse has been coveted by numerous hotel operators, developers, and investors around the globe. Joseph Chetrit was born in Morocco and has his roots in his family’s textile industry; he [...]

Buy Condo, Then Add Parking Spot for $1 Million

Source: The New York Times What will $1 million buy in New York City? A diamond-encrusted Cartier men’s watch. A small fleet of 2014 Bentley Continentals. Or maybe your very own parking spot in SoHo. A new development, 42 Crosby Street, is pushing the limits of New York City real estate to new heights with [...]

Deutsche Bank arm buys 212-222 Broadway for $502M

Source: The Real Deal A property-investment arm of Deutsche Asset and Wealth Management has acquired a 775,000-square-foot office building at 212-222 Broadway in Lower Manhattan for $502 million, according to property records filed with the city today. The 31-story Class A office property near Fulton Street features 30,000 square feet of retail. Just last year, [...]