Category : Residential

FeaturedResidential

Katharine Hepburn’s Conn. home for sale, with extras

REW Staff
The Connecticut estate where legendary actress Katharine Hepburn resided with her family for many decades until her 2003 death has been expanded to a compound by present owners Frank and Barbara Sciame. The Sciames have listed the compound, which includes the 8,300-square-foot Hepburn estate home, a 2,750-square-foot gate house residence currently being built, a pond, a private boat dock, and an additional deeded lot with its own sandy beach for which the Sciames are pursuing a permit to build a third home (a 2,300-square-foot guest house) at $30 million.
Residential

View master ruling TriBeCa market

REW Staff
By Liana GreyReade57, a condo building being marketed by Brown Harris Stevens in TriBeCa’s southern historic district, hasn’t had a formal grand opening since sales began last fall. But already, 40% of the building’s 84 one- through three-bedroom units are off the market. “We’ll have an event in the spring,” said sales director Shlomi Reuveni of Brown Harris Stevens. “We’ve been so busy. The absorption has been so great; we’re accommodating deals and buyers.” 
Residential

Brokers give recent grads a crash course in apartment hunting

REW Staff
By Liana Grey New York has seen the start of a tech boom in recent years, with Google opening an office in Chelsea, Yahoo leasing space near Times Square, and Facebook moving some of its engineering operations to Midtown East. The city’s transformation into Silicon Valley East has brought an influx of entry-level hires straight out of college, hunting for their first Manhattan apartment. “With social media being the way it is, people are all talking about living in certain neighborhoods,” said Andrew Barrocas, president of MNS Realty.
FeaturedResidential

REBNY sets ground rules for apartment smoking ban

REW Staff
As New York’s anti-smoking movement continues to grow, the Real Estate Board of New York’s (REBNY) has developed a new guide to help apartment managers stub out smoking in their buildings. REBNY's Residential Management Council said the guide with help managing agents best inform their buildings and boards who are considering implementing a no-smoking policy.
FeaturedResidential

Happy days here again for residential market?

REW Staff
By Al Barbarino “It is starting to feel like old times,” in the housing market, according to Corcoran Group CEO Pamela Liebma. Releasing the company’s first quarter reporter, Liebman said, “The Manhattan market is not in a recovery, it’s ready to run a marathon.” While median home prices showed little to no change since last year, the number of transactions rose, inventory shrank and there were fewer price cuts.
Inheriting mom’s regulated apartment? Not so fast, say courts
ResidentialViews

Inheriting mom’s regulated apartment? Not so fast, say courts

REW Staff
By David M. Skaller Belkin, Burden, Wenig & Goldman LLP Rent regulated apartments are often viewed as “inheritance assets” by family members of tenants. Given the liberal succession provisions in the Rent Stabilization Code, when family members make succession claims after a tenant has moved out or died, an owner...
Residential

Solar system switched on at Via Verde

REW Staff
The new solar system at green Bronx building Via Verde has been officially switched on. The 66-kilowatt, building integrated photo voltaic system will provide enough power to offset a big chunk of common area electricity charges, including elevators and lighting, according to Bright Power, that firm that installed the system....
Residential

Eco-friendly East Village building about to open

REW Staff
The finishing touches are being put to an eco-friendly 10-unit apartment house at 532 East 5th Street. The project began as the restoration of a brownstone, but the structural integrity of the building made it cost prohibitive to save, so the complete removal of the building was necessary, according to George Christo,...
Residential

Gallery: Corcoran and Cohler at the Laurel

REW Staff
Last week Corcoran Sunshine Marketing Group and Eric Cohler hosted a lunch and exclusive first look at The Laurel Condominium's new model residence, designed by Cohler.
Residential

Three firms announce plans for outer-borough expansion

REW Staff
As recovery of the residential market appears to be taking hold, three city brokerages have announced plans to expand further. Halstead Property and Modern spaces are moving into Brooklyn and Prudential Douglas Elliman has become the first major Manhattan firm to open a branch in Long Island City. “We anticipate experiencing a tremendous amount of activity in this already popular neighborhood,” said Prudential CEO Dottie Herman, noting the rise in sale prices in Long Island City this year.