CITYREALTY, the online New York apartment search site, has just launched its new weekly market snapshot.
It’s choc-full-a-facts and fun news from the apartment scene, including news that Hip Hop impresario Russell Simmons has chopped $2 milllion of the price of his FiDi penthouse and the W Downtown has put the Wow! back in the equation with a $40 million duplex penthouse listing.
In charting the sales of the week, CityRealty notes that the Zeckendorfs’ 18 Gramercy Park South recorded the two most expensive sales in the city for the week.
The two mid-floor 4,200 s/f units closed slightly over ask at between $3,631 and $4,012 psf.
The two deals pushed Gramercy Park average per square foot up by nearly 40 percent.
Sotheby’s broker Stan Ponte brought in the $17.225 million buyer of the 11th floor apartment.
Mack-Cali Realty and its subsidiary, Roseland, announced on Friday they would break ground on a new 280-unit luxury rental unit on Jersey’s Gold Coast.
Today (Wednesday) The developer will be joined by officials from the Township of Weehawken for a ceremonial dirt-digging for what’s being called RiverParc.
The $100 million building will be the latest addition to the Port Imperial mixed-use master planned development which spans more than two-and-a-half miles of waterfront property facing Midtown Manhattan.
The 10-story RiverParc will have studio, one-, two-, and three-bedroom floor plans ranging in size from 498 s/f studios to 1,405 s/f three bedrooms.
Related Companies is taking its smoking ban nationwide, the New York Times reported last week. This may be the first time a national landlord has implemented a no-smoking policy in its rental buildings.
Seven of Related’s buildings are currently smoke-free, including six in New York and one in Boston.
According to the Times, contracts for new and renewing tenants will include a promise not to smoke anywhere in the building, including on private terraces or balconies, and breaking the rules could lead to eviction.
The Marketing Directors just picked up another project by Meadow Partners.
The firm founded by Adrienne Albert has been named exclusive sales and marketing agent at The Accolade, Meadow Partners’ new luxury residential condo at 90 Bay Street Landing in Staten Island.
This is the third consecutive assignment for The Marketing Directors with Meadow Partners, coming on the heels of successful sales campaign at the neighboring The Pointe and lease up of Crescent Club in Long Island City.
The developer’s Andrew Till said, “They were a natural choice, given their knowledge and experience of the neighborhood, the development and buyers.”