What $3,100/Month Can Rent You in New York City
Welcome to Curbed Comparisons, a column that explores what one can rent for a set dollar amount in various NYC neighborhoods. Is one man's studio another man's townhouse? Let's find out! Today's price: $3,100/month.
↑ On the Upper West Side, this somewhat odd two-bathroom duplexfeatures one room on each level. The upper level has the kitchen, some exposed brick, large windows, wood floors, and recessed lighting. The lower level has mirrors that are being removed and a tile floor that is being replaced. The whole thing is asking $3,050/month.
Architect César Pelli Nabs Sprawling San Remo Pad For $17.5M
The storied San Remo is gaining another prominent tenant: César Pelli of the eponymous architecture firm . Pelli purchased the 12-room apartment from Rona Maurer, the mother-in-law of actor John Leguizamo, following a legal battle alleging that Maurer was masking the sale in order to keep any profits from her daughter in law, 6sqft reports. The apartment has 65 feet of Central Park views, a 34-foot by 21-foot corner living room, and a marble entryway. The pad wasoriginally listed in April 2014 for $18.5 million.
Unfair, Careless Management Afflicts 3 Mitchell-Lama Buildings
[Washington Square Southeast at 505 LaGuardia Place, via PropertyShark.]
A new audit by the State Comptroller's office dug up some unsettling practices at three Mitchell-Lama complexes in New York City. The developments, where apartments are affordable to middle-income families, are all located in prime neighborhoods—Cadman Towers inBrooklyn Heights, Trinity House on the Upper West Side, and Washington Square Southeast in Greenwich Village—and all have lengthy waiting lists. But the audit found that waiting lists are poorly managed, and those first in line for apartments were often passed over, with no explanation. In other cases, applicants were never submitted to the Department of Housing Preservation and Development for approval, and some existing residents were found to be renting their units on Airbnb. Combine, the buildings hold 794 apartments, and only 69 became available over the last three years; in other words, these are highly desirable and rare units of affordable housing that are being mismanaged.
15 Central Park West Duplex Returns for an Inexplicable $65M
Because the super luxury market is completely batshit and makes literally no sense whatsoever, the owner of penthouse 18/19B at 15 Central Park West has relisted the condo for $65 million (h/t the Observer). Now, in a world filled with apartments asking way more than that, the price may, at first glance, not seem so ridiculous. But let's put this in perspective: this same condo sold a year ago for $48 million (the second most expensive sale ever for the building), so what on earth has happened to make it worth $17 million more? By the looks of it, very little, and more likely, absolutely nothing. The brokerbabbledoes its best to paint a picture of the duplex, which spans 5,610 square feet and features a 42-foot long terrace, four bedrooms, a library, and "study/exercise room."
William Randolph Hearst's Magnificent Penthouse Finally Sells
William Randolph Hearst's Clarendon penthouse may be but a fraction of the size it once was, but the Upper West Side apartment still covers a bonkers 17,000 square feet of indoor and outdoor space. So of course the pad, on the market since March 2014, has won an appropriately large ask. Despite getting a $14 million pricechop in early April, the historic penthouse has gone into contract for $24 million and constitutes the city's most expensive sale of last week, according to the Olshan Report.
Citi Bike to Open Fewer Stations Than Everyone Thought
According to The Post, the city will get a much smaller number of newCiti Bike stations than initially proposed.
Despite initial reports of a significant Citi Bike expansion coming in late 2015, it turns out that the Upper West Side and the Upper East Side will respectively see only 21 and 27 new stations, not the previously reported 39 stations each. These new Manhattan stations will join 79 new stations in Greenpoint, Bed-Stuy, and Williamsburg, and 12 new stations in Long Island City, which are set to begin opening in August. By September, the city will have 139 new stations.
Aussie Actress Buys 1BR on the Upper West Side
Welcome to It Happened One Weekend, our weekly roundup of The New York Times real estate section...
Every "The Hunt" column begins with the Hunters describing the apartment they want, and ends with them rationalizing whatever they came away with. This is The Hunt: Dreams vs. Reality
The Hunter: a young woman looking to buy
Price
Dream: $600,000
Reality: $790,000
Neighborhood
Dream: Upper West Side
Reality: Upper West Side
Amenities
Dream: 1BR co-op, large kitchen, separate BR
Reality: 1BR condo, doorman, roofdeck
Summary
This weekend's Hunter is a young actress from Australia looking to buy on the Upper West Side. She had a budget of $600,000 and wanted a one-bedroom co-op with a large kitchen, but after looking at a hundred places, she realized she needed to expand her budget and scope. She began looking for condos and eventually found a one-bedroom being sold by an estate in the West 70s. The place was very lived-in and had "layers of dust and age," but the building had a doorman and a nice roofdeck. Ms. Fishman moved in after paying $790,000 and renovated the whole place. [The Hunt/Permanence on the Upper West Side; photo via several seconds/Curbed Photo Pool]
The Hunter: a young woman looking to buy
Price
Dream: $600,000
Reality: $790,000
Neighborhood
Dream: Upper West Side
Reality: Upper West Side
Amenities
Dream: 1BR co-op, large kitchen, separate BR
Reality: 1BR condo, doorman, roofdeck
Summary
This weekend's Hunter is a young actress from Australia looking to buy on the Upper West Side. She had a budget of $600,000 and wanted a one-bedroom co-op with a large kitchen, but after looking at a hundred places, she realized she needed to expand her budget and scope. She began looking for condos and eventually found a one-bedroom being sold by an estate in the West 70s. The place was very lived-in and had "layers of dust and age," but the building had a doorman and a nice roofdeck. Ms. Fishman moved in after paying $790,000 and renovated the whole place. [The Hunt/Permanence on the Upper West Side; photo via several seconds/Curbed Photo Pool]
Lauren Bacall's $23.5M Dakota Apartment Finds a Buyer
The famed Dakota apartment where 20th century starlet Lauren Bacallmade home for the last 53 years of her life has gone off the market. TheDaily News reports that a mystery buyer has snatched up the renowned Central Park-facing pad. The sales price is still not known, but thenine-room, mahogany-paneled apartment was most recently priced at $23.5 million after failing to woo buyers when it first came on the market for $26 million in November. Rumor has it that Bacall purchased the apartment for a mere $48,000 in 1961.
Strangely Reflective Lincoln Square Condo Asks $900,000
Welcome back to The Six Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline.
This one-bedroom apartment in 235 West End Avenue was pretty normal when it was listed by a previous owner in 2006. It ended up selling $650,000, and the new owner decided to renovate it—and, oh man, did he ever renovate it. The 676-square-foot pad now features multiple wall mirrors, a glossy, reflective ceiling, and transparent furniture, the total effect of which is somewhat disconcerting, at least in pictures. And probably in real life, too—"If you take a closer look at the framed mirror in the airy and voluminous living room, you may find that it is in fact a television," the listing explains. The apartment, furniture and all, is now asking $900,000.
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Infamous Manhunter Lists Massive $18M Hudson River Duplex
Picture a millionaire marketing entrepreneur who spent $50,000 for a two-week rental in the Hamptons while very explicitly and publicly proclaiming that it was because she was searching for a husband. Would that person live in a subtle, understated place? Of course not. Meet Cheryl Mercuris, who last lived in a glossy Time Warner duplexthat last asked $35 million before it was taken off the market. The Postreports she's now selling a $17.99 million condo at the Aldyn, aschmancy amenity-filled building along the Hudson River.
The unfurnished duplex with impressive views sprawls over 6,750 square feet with a 1,730 square foot wraparound terrace. It may be an enormous white-and-glassy box with seven bedrooms, but it's designed by Roman and Williams, who are pretty great. Will Mercuris, who paid $13.7 million for the apartment in 2012, get the price she's asking? More importantly, did she ever find that husband? Googledidn't have answers—do you?
Proposed Natural History Museum Expansion Riles UWSers
In a move that will surprise precisely no one, Upper West Sideresidents are getting furious about the American Museum of Natural History's plan to build a massive expansion project in the adjacentTheodore Roosevelt Park
West Side Rag spotted an online petition dedicated to stopping development of the park, and spoke to one of the campaign's organizers, Sig Gissler (who also happens to be the former administrator of the Pulitzer Prizes).
Citi Bike Stations Finalized for Upper East and West Sides
The Department of Transportation has unveiled the final locations for 39 stations apiece on the Upper West Side (pdf) and the Upper East Side (pdf). The plans are very similar to the ones that were originally proposed, with three stations shifting locations on the Upper West Side, and two more moving locations on the East. This is sure to please no one—residents of the neighborhoods will continue to be upset by the locations of many stations, and serious transportation advocates, like Streetsblog, maintain that the proposed number of stations is not nearly enough.
Central Park West Pad of A-Rod, De Niro Now Asks Just $55M
Steel magnate Leroy Schechter's 6,000-square-foot apartment in 15 Central Park West is back on the market after a one-year respite, and the price is now down to a new low, $55 million. The five-bedroom apartment on the top floor of the Limestone Jesus was asking $65 million last year and $85 million in 2013 (and $95 million, as a combo with another unit on the 35th floor, last year), and has been occupied as a rental by the likes of Alex Rodriguez, Robert de Niro, and A-Rod's many prostitutes.
Lavish House With Lehman Family Ties Wants $30,000/Month
In the past year and a half that this very ornate Upper West Side townhouse has been on and off the market, it's been the victim of some pretty laughable comparisons. In discovering that the townhouse at 48 West 85th Street, with a former ask of $13.8 million that included every high-backed chair and irreplaceable vase inside of it, is now on the rental market for $30,000/month, 6sqft described the place as something "straight from Liberace's vision board." Nailed it. The rental includes all but the townhouse's separate ground-floor unit, and is available either short- or long-term.
Buyer Sues After Being Barred From Dakota Pad For 16 Years
[Image via PropertyShark.]
While some people are struggling to get out of the Upper West Side's iconic Dakota building, others are struggling to get in. The Post reportsthat developer Robert Siegel has filed a $55 million lawsuit alleging that he's been barred from moving in to the West 72nd Street building for 16 years due to the allegedly sheisty workings of the building's co-op board. Seigel purchased the building's former ballroom for $2.2 million in 1999 under the impression that he would be able to convert the space into a four-bedroom family apartment with air conditioning, but the lawsuit alleges that after Siegel's purchase the co-op board told him that they'd only give the conversion the green light if he paid an additional $1.8 million for cooperative stock and $1.1 million for maintenance fees. To this day, the co-op continues to partially use the ballroom as storage space for tenants' belongings.
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Curbed University delivers insider tips and non-boring advice on how to buy or rent a house or apartment.
- Curbed’s Guide to Buying in New York City
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- Co-Ops vs. Condos vs. Condops vs. Pied-a-Terres
- Meeting the Beast: The Co-Op Board
- Here’s the Lowdown on Mortgages
- Closing the Deal
- Curbed’s Guide to Renting in New York City
- The Lowdown on Leases and Tenants’ Rights
- A Guide to NYC's Rental-Finding Sites
- How Not to Get Screwed by a Rental Broker
- How to Get Things Fixed in Your Rental Apartment
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