Category : Residential

My remote-controlled life
FeaturedResidential

My remote-controlled life

REW Staff
by REW Staff1098
By Liana Grey In early March, Eric Grannis, a lawyer and former teacher, launched a website for apartment hunters with young children. The service, Schoolfisher.com, rates New York’s public elementary schools, and matches families with listings in the zone of their choice. Before the site went live, buyers had to comb through Department of Education data on their own; under fair housing laws, brokers are prohibited from discussing the quality of a neighborhood’s schools.
FeaturedResidential

Trump Tower seller finds new home at One Beacon Court for $14.45 million

REW Staff
by REW Staff1182
By Roland LiShortly after selling an apartment at the Trump Tower at 721 Fifth Avenue for $13.3 million, 48 Acquisition, LLC has closed on a unit at One Beacon Court for $14.45 million, according to city records. The seller of the unit, 46D, was Diana Quasha, who oversees the U.S. market for Empress Dutchess & Tart, a jewelry line. Quasha originally purchased the apartment for $6.23 million in 2005 from One Beacon Court’s developer, Vornado Realty Trust.
FeaturedResidential

Brazilian economist Arminio Fraga buys condo at 147 Waverly Place for $7.5 million

REW Staff
by REW Staff1438
By Roland LiBrazil is considered one of the premier emerging markets, with robust quarterly growth and a vibrant, young population. And like many foreign investors from booming countries, Arminio Fraga, one of the Brazil's prominent economists, has decided to invest in Manhattan real estate. Fraga and his wife, Lucyna, purchased Unit #9 at 147 Waverly Place for $7.5 million, according to city records.
FeaturedResidential

Rental vacancy rate stays below 1%

REW Staff
by REW Staff909
By Roland LiA tightening vacancy rate has led to a Manhattan rental market favorable to landlords, according to two studies released by Citi Habitats this week. Although the market was relatively balanced between landlords and tenants at the beginning of 2010, the vacancy rate dropped to 0.98% in May 2010, based on the brokerage’s data.
FeaturedResidential

Michael Bolla brings a bit of history to the business

REW Staff
by REW Staff1293
By Roslyn LoGrowing up in Saddle River, N.J., a young Michael Bolla would idle away the hours wandering through the empty mansions whose neighbors included former President Richard Nixon and his wife, Pat, or perhaps novelist Mary Higgins Clark. “After school, I would often get on my bicycle and ride around town going into the houses that were left open by contractors who would never lock them up,” said Bolla.
Deals & DealmakersFeaturedResidential

Ivan Hakimian markets first exclusive listing

REW Staff
by REW Staff1072
By Roland LiBroker Ivan Hakimian is marketing a townhouse at 134-136 East 74th Street, his first exclusive listing under his new brokerage, Hakimian Properties Inc, also known as HPNY. The roughly 10,000 s/f property has over 37 feet of frontage and is between Lexington and Park Avenues. Hakimian, who specializes in off market deals, is quietly seeking bids of around $26 million for the property.
FeaturedResidential

BCN Development betting on condos in Union Square, Downtown Brooklyn

REW Staff
by REW Staff1059
By Roland LiBCN Development is moving forward with two condo conversion projects, with the mindset that local scarcity will lead to success in two different neighborhoods. The developer is in contract to purchase a rental building at 9 East 16th Street for around $17 million, which will begin conversion later this summer. "It’s a beautiful, ornate building," said Craig Nassi, CEO of BCN.
FeaturedResidential

Upper West Side “Music House” sells for $8.55 million

REW Staff
by REW Staff1755
By Roland LiThe Upper West Side townhouse at 311 West 74th Street known as the Music House has been sold for $8.55 million, according to city records. The sellers were Andrew and Alla Bares, who purchased the property in 2007 from George Wein, the founder of the Newport Jazz and Folk Festivals.
FeaturedResidential

A new home for a discerning eye

REW Staff
by REW Staff897
By Roland LiBefore Vickey Barron became a real estate broker, she interviewed doctors who were considering temporary assignments in Guam. “It was identifying people, listening to their interests and needs. I really had to honestly hear who they were in a very short period of time,” said Barron, who worked at FHP, a health maintenance organization, and later at her own firm.
FeaturedResidential

Ship to shore

REW Staff
by REW Staff1082
By Liana GreyEarlier this year, Paul Galvin, a veteran affordable housing developer, visited a hillside town outside Rio de Janeiro. In January, a mudslide swept away dozens of homes in the area, and Galvin hopes to rebuild them with recycled shipping containers. “You can get to hard-to-reach places,” he said of the metal boxes, which are growing in popularity as an architectural tool. “There are no limitations.”