Category : Residential

Residential

Ex-Corcoran broker launches new firm

REW Staff
by REW Staff977
Former Corcoran top producer Joseph DeCristofaro has launched a new brokerage serving New York City and The Hamptons. The Global Group – A Real Estate Network LLC “is different from all other agencies,” says the company in a press release. “Through its extensive referral base, exclusive e-mail lists and co-brokerage...
Elghanayan joins PDE
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Elghanayan joins PDE

REW Staff
by REW Staff990
Prudential Douglas Elliman announced that Madeline Hult Elghanayan, wife of TF Cornerstone chairman Thomas Elghanayan, has joined the company. Elghanayan is leaving the Corcoran Group to join PDE as senior vice president based at the firm’s East Side flagship office at 575 Madison Avenue. “Madeline has an edge that you don’t see in this business everyday” said Dottie Herman, President and CEO of Prudential Douglas Elliman.
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A broker with time on her side

REW Staff
by REW Staff884
By Roslyn Lo As her firm launches sales at the new eco-friendly Jade 8 in Gowanus this month, Warren Lewis Realty president Aroza Sanjana is feeling some good karma. “Jade 8 is a nice match for what we stand for,” said Sanjana, a former sales executive who founded her own real estate development firm and who purchased the Brooklyn-based Warren Lewis brokerage last year.Describing the luxury condo as “modern” and “cutting-edge,” while still adhering to traditional Brooklyn architecture, Sanjana said she has tried to breathe new life into the 25-year old firm from the top down.
Deals & DealmakersResidential

Don’t shoot the messenger, say appraisers

REW Staff
by REW Staff663
Don’t blame the real estate appraiser if it turns out that house you’re trying to sell or buy isn’t worth what you thought it was. That’s the message from the Appraisal Institute, the nation’s largest professional association of real estate appraisers. Real estate agents, homebuilders and others have laid blame...
Developer goes live with Stuy Town co-op spin
Deals & DealmakersFeaturedResidential

Developer goes live with Stuy Town co-op spin

REW Staff
by REW Staff2708
Developer Gerald Guterman, of Guterman Westwood Partners, has launched a website aimed at explaining his plan to convert Stuyvesant Town/Peter Cooper Village into co-ops. The interactive website (www.stpcvfacts.org) encourages residents of the massive East Side complex to send in questions about the plan and offers “straightforward answers to the tough questions that community residents have been raising and talking about for years,” said the developer in a statement. “Guterman Westwood Partners believes that no conversion of the community can or should occur without the support of the vast majority of its current residents.”
Residential

Mother-daughter duo brings foreign buyers to Manhattan

REW Staff
by REW Staff1706
By Roslyn Lo Though they live on opposite ends of the Eastern Starboard, Margarita Sanclemente and Maria Velazquez are inseparable. The two women live in Florida and New York respectively, but chat over the phone multiple times a day, travel with each other, finish each other’s sentences, and complete high-end real estate deals together. Prudential Douglas Elliman’s dynamic duo aren’t just life-long friends—they happen to be a renowned mother and daughter team operating in multiple international markets.
FeaturedResidential

Brokers get a preview of $20 million West End Avenue apartment

REW Staff
by REW Staff890
By Liana Grey Last year, Lisa Lippman, a senior vice president at Brown Harris Stevens, nearly secured a buyer for a $19.5 million listing at 535 West End Avenue, Extell’s prewar-style condo development on the Upper West Side. “The prospective buyer’s money is stuck in the European debt crisis,” Lippman explained. So she and her team continued to market the six-bedroom mansion in the sky. “All sorts of people are looking,” said Lippman, who has overseen a number of sales on the Upper West Side and was named Brown Harris Stevens’ West Side Broker of the year in 2010.
FeaturedResidential

Lifting the lid on hoarding

REW Staff
by REW Staff1104
By Liana Grey On a recent episode of Hoarders, the A&E series on compulsive collecting habits, a woman in Maryland nearly died from a virus she contracted in her garbage-filled home. Earlier in the season, a hoarder went without heat and running water for two years as her condition spiraled out of control. For property managers in the New York area, situations like these are more than the stuff of television.
Amidst the chaos, Manhattan still a stable investment
ResidentialViews

Amidst the chaos, Manhattan still a stable investment

REW Staff
by REW Staff1055
By Karen Heller, Halstead Property Every quarter, the largest Manhattan residential real estate firms gather their internal data and look back on closed sales, average prices, and trends. Interestingly, the last quarter saw striking accord amongst the firms (including Halstead/Brown Harris Stevens, Corcoran, Stribling, and Prudential Douglas Elliman). Their conclusion:...
Broker’s double duty
Residential

Broker’s double duty

REW Staff
by REW Staff804
CORE Group’s Michael Graves ended the year on a high note closing two big deals within days of each other. He sold a 1,782 s/f condo at 100 West 18th Street for $2.6 million. Then he followed up that deal with a $1.1 million sale at 100 Jay Street in...