Sl Green a Realty Corp

Total Page:16

File Type:pdf, Size:1020Kb

Sl Green a Realty Corp SE BEAT CLASH OF THE TITANS THE LEAD INDIC fth Avenue Durst, Zuckerman and Ross ir Sam Chandan P, le Street )) Vie for Stake in 1 World Trade )) Mayor's New Bu HE COMMERCIAL OBSERVER THE WEEKLY NEWSPAPER OF NEW YORK'S COMMERCIAL REAL ESTATE INDUSTRY Ili.. .11111.416 SUOMI 4V111 ••O•• *IS SOS r rt SOS I VIII eV V II • OO •• • • • Ill • re a IMINI MOS • It II IV 1.1 rort • *Oa ON. WS Of II •••. a. if aka , 41111 w * SL GREEN A REALTY CORP. Demanding Quality. Delivering Value. 212.594.2700 I s$green.com arkets Move. Strength Endures. NEW YORK CITY'S LARGEST OWNER OF COMMERCIAL REAL ESTATE THE POWER The Most Powerful People in New York Real Estate 0 wo years ago, in the months before the fall of Lehman Broth- nette Sadik-Khan (No. 95). ers, when New York's economic lily was still contentedly As usual, the list remains arctic white and terminally male. (How does this keep hap- gilded, crafting a list of real estate's biggest machers was pening in the world's most diverse city? Even the suites of Wall Street—and of the White pretty easy: Moguls X, Y and Z had done deals A, B and C, and House—claim more diversity.) There are 12 women—the most ever—with CBRE tristate z the business of real estate ticked along. chief and REBNY chair Mary Ann Tighe the highest ranked at No. 7, and the chair of City f, Then came the bust, and the list was notable more for who Planning, Amanda Burden, in a distant second at No. 34. Nonwhites? Governor Paterson a w had fallen off than for who had stayed on. Last year's tally (No. 55), who, dear reader, will likely not make it next year, and Korean-American devel- LT, .. was demaicated by government—President Obama was No. oper Young Woo (No. 94)—and that's just about it. z 1—and by those adapting to survive. The phrase "money on Brokers, the middlemen (and, on occasion, middlewomen) of the city's deals, are less as the sidelines" made numerous appearances. represented than landlords and investors—there has just been less work to go around. z o This year, the list, like the industry it chronicles, is very much in motion. Pinning Brokerages themselves are amply represented, in the form of their chief executives or down who is up, if anybody, and who is down the most changes by the day. This repre- chairs. These include residential ones like Pam Liebman (No. 66) of the Corcoran Group; : sentsrir our take on the most powerful people in New York real estate right now. Howard Lorber and Dottie Herman (No. 63) of Prudential Douglas Elliman; and an en- `• And yet about three-fourths of the people here are returnees, which says something gorging number on the commercial side, including the boys from Newmark Knight iL j about the closed club that is New York real estate. Old money is heavily represented, Frank (No. 26), Peter Riguardi from Jones Lang LaSalle (No. 27) and Mitchell Steir and able as it has been to weather the recession—even when it has botched deals epically, Michael Colacino from Studley (No. 28). such as Jerry and Rob Speyer (No. 11) with Stuy Town. The Speyers join old money like Institutionally, the same names showed up as in previous years, such as Lee Bollinger Douglas and Jody Durst (No. 8); Richard LeFrak (No.10); Peter and Anthony Malkin (No. (No. 90) of Columbia; John Sexton (No. 78) of N.Y.U.; Timothy Dolan (No. 76) of the Ro- 18); Howard and Edward Milstein (No. 38); and Bill Rudin (No. 24). man Catholic Archdiocese; and James Cooper (No. 79), the Episcopalian rector of Hud- LT1.,„ There are new people. Carlos Slim—according to some, the world's richest person— son Square-controlling Trinity Church. =0 2 clocks an appearance (No. 13), having just made a sudden splash in the biz. Another for- The No. 1 spot, supplanting the president, belongs to Stephen Ross, chairman of Re- eigner with billions to immolate: Mihkail Prokorov (No. 43), erstwhile Nets owner and lated Companies. His firm seems to be everywhere about New York, particularly on the z z would-be Nets arena developer. And, speaking of Stuy Town and the Speyers, Charles far West Side. There are train tracks there now, slightly below ground level, in an area Spetka (No. 32) chairs the distress-hungry firm overseeing that most historic of foreclo- to be avoided after dark—or in broadest daylight. But Mr. Ross envisions 13 towers on „ sures. Also, welcome media enthusiast Sam Zell (No.19), reluctant heir Stefan Solow (No. two platforms producing 5,000 apartments and 6 million square feet of office and retail 56), M.T.A. chairman Jay Walder (No. 64) and Israeli magnate Nochi Dankner (No. 88). space—a city within a city, 50 percent bigger than Rockefeller Center. While Mr. Obama did not make the list this year, government is represented fairly That's some change right there. Vision, too. strongly, with perennial flower Michael Bloomberg hitting the top 10 again. Looming A final few notes on the list. There are 138 names amid the 100 slots. Of those, more o w six spots behind him is probably the soon-to-be most influential public figure in New than 25 percent are new; the rest are returnees. If someone made the list last year, that "X5am York State: Andrew Cuomo (No. 15). Other apparatchiks and pols include Deputy Mayor ranking is next to their entry in parentheses. The list was chosen by The Observer, and is Robert Lieber and Economic Development Corp. president Seth Pinsky (together at No. subjective. Feedback can be given in the comments section of Observer.com. 73); Parks Commissioner Adrian Benepe (No. 87); and Transportation Commissioner Ja- Discuss. S" 9 26 May 11, 2010 OBSERVER.COM I THE COMMERCIAL OBSERVER David (pictured) and Peter Ward 82 Jed 85 President of the Hotel & Motel Walentas (72) Trades Council Founder and vice president, respectively, of Two Trees Management In the past few years, Mr. Ward The tumble- has built up a weed-tossing political John Wayne powerhouse of who decided a union. With Dumbo was his political dandy is still in director, Neal the saddle. Kwatra, he has With the most spearheaded expensive numerous actions that bring down condo sale in barriers to the unionization of Brooklyn ($8.5 million at One hotels, most recently through a Brooklyn Bridge Park); Jay-Z and clause added to public authorities Ralph Lauren rumored as house legislation that passed last year. hunters at the moguls' $25 million penthouse clock tower listing—by far the borough's priciest—and last year's legal victory regarding the Veronica Mainetti controversial Dock Street construc- tion, the wily Walentases seem 86 U.S. Activities head for the primed to ride out the storm. Sorgente Group Don't let her emerald-green Hall Willkie (84) eyes or her age fool you. At 31, 83 President of Brown Harris Ms. Mainetti has Stevens enough real estate savvy to The boutique-style firm crafts a fill the shoes of carefully honed reputation for dis- dozens of her cretion and class, garnering some aging male of the glossiest, most privacy-de- competitors. Her seven-unit Soho manding and largest listings, from condo 34 Greene Street is now on the Gold Coast co-ops to Georgian bow- market, and Sorgente acquired the front townhouses. The firm contin- Flatiron Building last year. Plus! ues to add brokers, supplementing Rumors are afoot that the group's out last year's assumption of Edward to buy the Woolworth Building, too. Lee Cave's boutique. Mr. Willkie recently confessed, "I'm elated be- cause a year ago I never thought we could come to this level so quickly." Adrian Benepe (99) 87 Parks commissioner Josetrasb Despite the Tavern on the the Reuntrg (63) Green hullaba- Stabilization Association of New York loo and budget-cut In 2008, the crises (Hudson Democrats River Park), recaptured the this biker boy 452 Fifth Avenue for $330 million— estate, and there's nothing boring of m State Senate keeps green cash. It's very likely Mr. Dankner's about that. With her sales coup at oper after decades in space on the first major foray into New York real the Apthorp (she had to find 25 grad the minority. brain, stalwartly forging ahead with estate, though likely not the last. buyers in a pinch) and continued City landlords the mayor's P1aNYC project, which With a corporate CV too long to list boldface listings, no one is saying burst into plans to have all New Yorkers living here, he has mammoth capital—and "Goodbye, Dolly" just yet. sweat beads. within 10 minutes of a park by 2030. access to more—to sink into Would tenant With the weather warming and similarly 2007-like deals. 9 activists finally get the decidedly Brooklyn Bridge Park heralded as aging landlord-unfriendly changes to city "the most important public space of Lee Bollinger (57) rent regulations that they'd fought the century," Mr. Benepe is in the 9 for forever? Mr. Strasburg sprung spotlight, or sunlight, rather. President of Columbia Forg into action. As the landlords' top University the representative in Albany, he pushed 89-Vice chairman (89) of Prudential Park back against the activists. For now, Douglas Elliman Affectionately over it looks like he won; regulation called "Prezbo" DA( changes are dead in the political Ms.
Recommended publications
  • Copyrighted Material
    INDEX ABC Television Studios 152 Chrysler Building 96, 102 Evelyn Apartments 143–4 Abyssinian Baptist Church 164 Chumley’s 66–8 Fabbri mansion 113 The Alamo 51 Church of the Ascension Fifth Avenue 56, 120, 140 B. Altman Building 96 60–1 Five Points 29–31 American Museum of Natural Church of the Incarnation 95 Flagg, Ernest 43, 55, 156 History 142–3 Church of the Most Precious Flatiron Building 93 The Ansonia 153 Blood 37 Foley Square 19 Apollo Theater 165 Church of St Ann and the Holy Forward Building 23 The Apthorp 144 Trinity 167 42nd Street 98–103 Asia Society 121 Church of St Luke in the Fields Fraunces Tavern 12–13 Astor, John Jacob 50, 55, 100 65 ‘Freedom Tower’ 15 Astor Library 55 Church of San Salvatore 39 Frick Collection 120, 121 Church of the Transfiguration Banca Stabile 37 (Mott Street) 33 Gangs of New York 30 Bayard-Condict Building 54 Church of the Transfiguration Gay Street 69 Beecher, Henry Ward 167, 170, (35th Street) 95 General Motors Building 110 171 City Beautiful movement General Slocum 70, 73, 74 Belvedere Castle 135 58–60 General Theological Seminary Bethesda Terrace 135, 138 City College 161 88–9 Boathouse, Central Park 138 City Hall 18 German American Shooting Bohemian National Hall 116 Colonnade Row 55 Society 72 Borough Hall, Brooklyn 167 Columbia University 158–9 Gilbert, Cass 9, 18, 19, 122 Bow Bridge 138–9 Columbus Circle 149 Gotti, John 40 Bowery 50, 52–4, 57 Columbus Park 29 Grace Court Alley 170 Bowling Green Park 9 Conservatory Water 138 Gracie Mansion 112, 117 Broadway 8, 92 Cooper-Hewitt National Gramercy
    [Show full text]
  • Radio Rocks Ny
    nb10p01.qxp 3/7/2008 7:28 PM Page 1 TOP STORIES SMALL BUSINESS The 5 breeds Israeli firm has of firms most bundle riding on likely to beat old Times building a recession PAGE 2 PAGE 17 Soured holdings, nervous bankers pull hedge funds VOL. XXIV, NO.10 MARCH 10-16, 2008 PRICE: $3.00 back to earth ROLLING STONES: PAGE 3 Devotees know it’s Coalition only rock ’n’ roll, but High Line condo they like it. gets museum draws up exhibition NEW YORK, NEW YORK P. 6 Starrett 2 key projects vital to the city City bid and the Village Will be lower than VIEWPOINT, PAGE 12 1983 1986 1999 2006 WPLJ WAPP WNEW WXRK getty images rejected offer; other flips to flips to drops drops rock Top 40 Hot 97 rock suitors are likely BUSINESS LIVES ROCK’S OFF NY FERRY TALES IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIll BY DANIEL MASSEY Commuters swear by 1965 1970 1975 1980 1985 1990 1995 2000 2005 their boat rides, but the a coalition of local labor, reli- 1967 1971 1982 1985 1993 2007 trips cost an arm and a WNEW-FM WPLJ-FM WAPP-FM WXRK-FM WAXQ-FM WXRK 2008 gious and community organiza- leg ... and then some launches rocks out rocks out becomes launches returns WRXP-FM tions is putting together a plan to PAGE 23 K-Rock to rock is newest rocker buy Starrett City,the largest feder- ROCK’S ON ally subsidized housing complex in the nation. The group—which includes the Central Labor Council, the Christian Cultural Center and the RADIO ROCKS NY Metropolitan Council on Jewish Poverty—says its proposal ensures that Starrett City, a 140-acre, 46- ings system that has shown the for- town” in which hip-hop, dance building complex on Jamaica Bay New station WRXP mat has more listeners than radio and R&B were the dominant in Brooklyn, will remain afford- joins 2 established executives had ever dreamed.
    [Show full text]
  • Membees of the Society
    MEMBEES OF THE SOCIETY. January 1, 1917. [Life members are designated by *] ACKERMANN-TETJBNER, Dr. B. G. A. B. G. Teubner, Poststrasse 3, Leipzig, Germany. ADAMS, Prof. E. P. Princeton University, Princeton, N. J. ADKINS, L. K. Wisconsin State Normal School, La Crosse, Wis. AGARD, Asst. Prof. H. L. Williams College, Williamstown, Mass. AKERS, Prof. O. P. Allegheny College, Meadville, Pa. ALEXANDER, Dr. J. W., II. Instructor, Princeton University, Princeton, N. J. 34 Cleveland Lane. ALLARDICE, Prof. R. E. Stanford University, Cal. ALLEN, Dr. E. S. Instructor, University of Michigan, Ann Arbor, Mich. 1002 Comwell Place. ALLEN, Dr. FLORENCE E. Instructor, University of Wisconsin, Madison, Wis. 219 Lathrop Street. ALLEN, ASSO. Prof. JOSEPH. College of the City of New York, New York, N. Y. ALLEN, Prof. E. B. Kenyon College, Gambier, Ohio. ALTSHILLER, Dr. NATHAN. Instructor, University of Oklahoma, Nor­ man, Okla. 280 West Symmes Street. AMES, ASSO. Prof. L. D. University of Missouri, Columbia, Mo. 208 Thilly Avenue. AMMERMAN, CHARLES. McKinley Manual Training High School, St. Louis, Mo. ANDEREGG, Prof. FREDERICK. Oberlin College, Oberlin, Ohio. 207 East College Street. ANDREWS, Dr. GRACE. 116 Cambridge Place, Brooklyn, N. Y. * ARCHIBALD, Asst. Prof. R. C. Brown University, Providence, R. I. 9 Charles Field Street. ARMSTRONG, Prof. G. N. Ohio Wesleyan University, Delaware, Ohio. ARMSTRONG, L. E. Instructor, Stevens Institute of Technology, Ho- boken, N. J. ASHCRAFT, Prof. T. B. Colby College, Waterville, Me. 34 Pleasant Street. ASHTON, Prof. C. H. University of Kansas, Lawrence, Kan. 1200 Ohio Street. 4 License or copyright restrictions may apply to redistribution; see https://www.ams.org/journal-terms-of-use 5 *ATCHISON, Prof.
    [Show full text]
  • CITIES SERVICE BUILDING, 70 Pine Street (Aka 66-76 Pine Street, 2-18 Cedar Street, 171-185 Pearl Street), Manhattan
    Landmarks Preservation Commission June 21, 2011; Designation List 443 LP-2441 CITIES SERVICE BUILDING, 70 Pine Street (aka 66-76 Pine Street, 2-18 Cedar Street, 171-185 Pearl Street), Manhattan. Built 1930-32; Clinton & Russell, Holton & George, architects. Landmark Site: Borough of Manhattan Tax Map Block 41, Lot 1. On May 10, 2011, the Landmarks Preservation Commission held a hearing on the proposed designation as a Landmark of the Cities Service Building and the proposed designation of the related Landmark Site (Item No. 1). The hearing was duly advertised according to provisions of law. Six people spoke in favor of designation, including representatives of the owners, Manhattan Community Board 1, the Historic Districts Council, and the New York Landmarks Conservancy. Summary The former Cities Service Building at 70 Pine Street is a 66-story skyscraper, rising from a trapezoidal site bounded by Pine Street, Cedar Street, and Pearl Street. An icon of the lower Manhattan skyline, the building’s shaft terminates in a slender pinnacle crowned by an illuminated lantern and stainless steel spire. At the time of completion in 1932, this Art Deco style tower was the tallest structure in lower Manhattan, and at 952 feet, the third tallest structure in the world. Commissioned by a major American corporation, it was an expression of the owner’s success, escalating real estate costs, and the current zoning code that required buildings to diminish in mass as they rise. The Cities Service Company was chartered by Henry L. Doherty in 1910, and quickly grew to become one of the largest corporations in the United States, controlling approximately 150 energy firms in 38 states, including numerous oil and power suppliers.
    [Show full text]
  • 315 West 82Nd Street BROWNSTONE for SALE
    315 West 82nd Street BROWNSTONE FOR SALE - 1 - Table of CONTENTS 03 04 05 EXECUTIVE SUMMARY PROPERTY LOCATION SPECIFICATIONS 06 07 08 AS SEEN IN INCOME AND EXPENSES THE NEIGHBORHOOD THE NEW YORK TIMES 09 THE FUTURE - 2 - Executive Summary 315 WEST 82ND STREET This turn of the century brick and terracotta brownstone with large bay windows and multiple outdoor spaces is on a tree lined street of well maintained row houses. This is a fantastic opportunity to purchase a 10-unit apartment building (all Free Market) in the heart of Upper West Side and convert to live with income or create one magnificent residence. 315 West 82nd Street is one of five contiguous Romanesque Revival Row Houses - and still standing! Built and designed in 1887 - 1888 by the prolific team of Berg & Clark, this is a rare opportunity to live on a stunning expanse of late 19th century row houses with Beaux-Art flair. 315 West 82nd Street is all that remains to be developed as the others (307, 309, 311 & 313 West 82nd Street) have been converted into co-op apartments. *** Mortgage with First Republic at 3.65% due 6/2030 for $2,741,668. The building consists of three 2-bedroom apartments, six 1-bedroom apartments, and 1 studio apartment. Highlights of the units include the pre-war charms of exposed brick in the units. The penthouses include access to the roof and a backyard is available for the first floor. The interior photos show the wainscoting, wood banister, as well as an apartment on the penthouse level with outdoor space, high ceilings, hardwood floors.
    [Show full text]
  • Bank of America and Shoppes
    Bank of America and Shoppes OFFERING MEMORANDUM UPPER WEST SIDE (MANHATTAN), NEW YORK 2260 BROADWAY, UPPER WEST SIDE (MANHATTAN), NY 10024 Bank of America and Shoppes PRESENTED BY: Matt Brooks Joseph Chichester Managing Director Managing Director [email protected] [email protected] (949) 221-1832 (949) 221-1813 R.E. License No. 01976931 R.E. License No. 01915138 Nicholas Coo BROKER OF RECORD: Senior Managing Director Richard Berlinghof [email protected] Target Rock Partners (949) 221-1811 711 Third Ave, 20th Floor R.E. License No 01226006 New York, NY 10017 R.E. License No 10311203686 4 14 21 TABLE OF CONTENTS PROPERTY OVERVIEW AREA OVERVIEW FINANCIAL ANALYSIS STATEMENT OF CONFIDENTIALITY & DISCLAIMER Faris Lee Investments (“FLI”) has been engaged as the exclusive financial by FLI from sources it deems reasonably reliable. Summaries of any or in connection with the sale of the Property shall be limited to advisor to the Seller in connection with Seller’s solicitation of offers for documents are not intended to be comprehensive or all-inclusive, those expressly provided in an executed Purchase Agreement and the purchase of the property known as 2260 Broadway, City of New but rather only outline some of the provisions contained therein and shall be subject to the terms thereof. In no event shall a prospective York, County of New York, State of New York. Prospective purchasers are qualified in their entirety by the actual document to which they relate. purchaser have any other claims against Seller or FLI or any of their advised that as part of the solicitation process, Seller will be evaluating affiliates or any of their respective officers, directors, shareholders, a number of factors including the current financial qualifications of the No representation or warranty, expressed or implied, is made by owners, employees, or agents for any damages, liability, or causes prospective purchaser.
    [Show full text]
  • Hell's Kitchen Upper West Side Central Park
    Neighborhood Map ¯ The Apthorp 399 301 239 199 101 American Museum 81 St-Museum of W 78 Street of Natural History Natural History e u e n Broadway v i e r v D A 2197 2192 William Sherman Marina e d School, PS 87 Bank 375 376 376 Tecumseh 53 d n i West End Playground Alexander von Rock Tupelo s E Humboldt Meadow r Bay t Collegiate Statue e s Church v 399 301 233 231 201 101 i e 3 West Park Central Oak Bridge R Columbus Avenue Columbus W W 77 Street W 77 Street Avenue Amsterdam 2 Hotel Belleclaire Azalea 2178 William J. O’Shea New-York Pond 351 46 School, JHS 44 357 356 355 Manhattan 340 Historical Society Waterfront Greenway Neufeld Playground 399 301 299 225 223 201 199 99 W 76 Street W 76 Street West Drive Broadway Fourth JCC Manhattan Universalist M7 Society Classic 36 M104 M10 M7 M11 331 336 M104 M10 Playground M11 Ladies’ Pavilion 399 301 299 225 223 201 199 101 99 1 W 75 Street W 75 Street The Ramble Riverside Drive e u Central Park n e Loop M5 M5 v Beacon LTD LTD A Henry Hudson Parkway Hudson Henry Theater 311 313 314 310 Riverside 315 The San Remo d M5 M5 n E Park t 399 301 s 299 201 199 101 99 e Central Park West Park Central Amsterdam Avenue Amsterdam W W 74 Street Columbus Avenue W 74 Street Lake South Lawn Apple Bank 3 for Savings Bow 293 290 285 Bridge Upper West Side e The Ansonia v i 399 301 299 199 101 99 r D t W 73 Street s W 73 Street e W W 0 Verdi 1 e M s t Square D ri 4 v 2095 e 275 276 273 270 Eleanor 277 Roosevelt Memorial Islamic Cultural Center 1 The Dakota of New York 1 Strawberry 301 M5 1 299 201 199 101 M 99
    [Show full text]
  • West End-Collegiate Historic District Extension Designation Report
    Addendum to the West End-Collegiate Historic District Extension Designation Report On October 30, 2013, the City Council of the City of New York modified the designation of the West End-Collegiate Historic District Extension, Designation List No. 465, LP-2462 (L.U. No. 918), City Council Resolution No. 1998, by deleting the following properties: 214 West 72nd Street Borough of Manhattan Tax Map Block 1163, Lot 42 232 West 73rd Street [Display Address: 236 West 73rd Street] Borough of Manhattan Tax Map Block 1164, Lot 42 In addition, the areas of the street beds of West 72nd Street and West 73rd Street that are directly in front of these buildings are also deleted from the district. West End-Collegiate Historic District Extension Landmarks Preservation Commission W 79 St 6 West End-Collegiate 320 3 7 250 9 3 9 0 9 1 3 2 Historic District Extension 2 1 9 3 Borough of Manhattan, NY [LP-2462] Calendared: November 16, 2010 339 317 257 251 340 324 262 W 78 St 250 Public Hearing: June 28, 2011 Designated: June 25, 2013 Boundary of District Extension 2 1 3 5 6 8 0 Tax Map Lots, District Extension 1 0 343 323 233 273 W 77 St Boundaries of Existing Districts Tax Map Lots, Existing Districts West End-Collegiate 2 1 6 Deleted by City Council Historic District 9 October 30, 2013 241 235 3 260 W 76 St 230 3 Existing Historic Districts 6 Historic District Extension Bronx 2 1 3 9 259 235 H W 75 St e 304 228 A 5 W n 1 R m 3 r e y i B s v s r t H e e t o est Side/ r Upper W r E u a s d d d i n d a w s d Central Park West e m o a A n D y Manhattan A ric District v Histo r P v y 301 W 74 St 231 Queens 1 320 232 5 Brooklyn 319 251 234 232 (Display 320 W 73 St Address 236) 1 311 233 W 72 St 216 214 344 West 71st Street Historic District 357 353 303 213 352 342 308 W 71 St 212 2 1 2 2 250 0 2 Feet 303 211 ¯ W 70 St Graphic Source: MapPLUTO, Edition 09v1, 2009.
    [Show full text]
  • THE WHITEHALL BUILDING, 17 Battery Place (Aka 1-17 West Street), Manhattan
    Landmarks Preservation Commission October 17, 2000; Designation List 317 LP~2056 THE WHITEHALL BUILDING, 17 Battery Place (aka 1-17 West Street), Manhattan. Built 1902-04; architect, Henry J. Hardenbergh. Extension 1908-10; architects, Clinton & Russell. Landmark Site: Borough of Manhattan Tax Map Block 15, Lot 7501, in part, consisting of the land on which 17 Battery Place (aka 1-17 West Street) is situated. On February 8, 2000, the Landmarks Preservation Commission held a public hearing on the proposed designation as a Landmark of the Whitehall Building and the proposed designation of the related Landmark Site (Item No. 2). The hearing had been duly advertised in accordance with the provisions of law. A representative of the Historic Districts Council spoke in favor of designation. There were no speakers in opposition to designation. The Commission has received a letter in support of designation from the building's owners. Summary The twenty-story Whitehall Building, named for Peter Stuyvesant's seventeenth-century house that had been located nearby, was constructed in 1902-04 and designed by the preeminent tum-of­ the-century architect Henry J. Hardenbergh. This highly visible site at the southernmost tip of Manhattan, overlooking Battery Park, inspired the architect to create a building with bold design features and a dramatic color scheme. Built as a speculative office tower by the real estate and development firm of Robert A. and William H. Chesebrough, the building was an immediate success and the developers began plans to build an addition. They hired the prolific architectural firm of Clinton & Russell to design a thirty-one-story addition facing West Street, with a tower overlooking the original building.
    [Show full text]
  • The Cityrealty 100 Report 2020
    THE CITYREALTY 100 REPORT 2020 DECEMBER 2020 THE CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for pro- spective apartment buyers, as well as in-depth analysis of the New York real estate market. 1100 THE CITYREALTY 100 REPORT 2020 About The CityRealty 100 The CityRealty 100 is an index comprising the top 100 condominium buildings in Manhattan. Several factors—including a building’s sales history, prominence, and CityRealty’s rating for the property—are used to determine which buildings are included in the index. This report tracks the performance of those buildings for the one-year period ending September 30, 2020. CityRealty releases regular reports on the CityRealty 100 to track the change in prices of the top 100 Manhattan condo buildings. After falling in 2018 from all-time highs achieved in 2016 and 2017, the index’s average price / foot and total sales volumes were roughly flat in 2020 as compared to 2019, with the average price per square foot increasing 2% to $2,649. For the 12 months ending Sep 30, there were 846 sales which accounted for $4.94B in sales volume. Manhattan real estate, as viewed through the lens of this report, focuses on the city's top tier of buildings, which are seen as a relatively stable and good investment. The stagnation in prices and volume, especially in buildings not new to the market, reflects a market that has been saturated with high-end product, and prices in the 3rd quarter of 2020 reflect an overall downward trend.
    [Show full text]
  • Inside the Apthorp: After Two Years of Controversy, Upper West Side Icon Shows Signs of Hope - New
    3/27/12 Inside the Apthorp: After two years of controversy, Upper West Side icon shows signs of hope - New… News News Sports Gossip Entertainment Events New York Opinion Life & Style Photos Services National World Desi Politics Election 2012 Crime Money The Week Photos Columnists News Blogs NYDN Home → Collections → Real Estate Ads By Google Inside the Apthorp: After two years of Recommend controversy, Upper West Side icon shows signs of hope BY JASON SHEFTELL DAILY NEWS REAL ESTATE CORRESPONDENT Friday, June 05, 2009 With vaulted hand-carved limestone entrances leading to a 12,000-square-foot courtyard as pretty as any Roman aqueduct, the Apthorp has always fallen into that category of real estate that says, "If you can afford to live there, then you should." That has held true an entire century, with the wealthiest families in America living there through the 1920s and celebrities such as Nora Ephron and Cyndi Lauper in modern times. Last year, arguably the most recognizable apartment building on the upper West Side celebrated 100 years of giving New Yorkers a one-of-a-kind place to live. Built in 1908 by the Astor family as New York's most luxurious apartment house, the 103 dwellings, as large as 12 and 13 rooms, rented for more than $1,000 back then. Ads By Google Section 8 for Landlords ReDocs Helps Landlords Resolve Any Section 8 Issue Fast. Call Us Today ReDocs.com/Section-8-For-Landlords Williamsburg Apartments Apartments for Rent & Sale Brooklyn's Accredited Buyer Agency www.elikaassociates.com RELATED ARTICLES Brooklyn Apartments City officials approv e nearly 4% hike for rent- Photos, Maps, Reviews and More.
    [Show full text]
  • 2260 Broadway, Upper West Side (Manhattan), NY 10024
    Bank of America and Shoppes OFFERING MEMORANDUM UPPER WEST SIDE (MANHATTAN), NEW YORK 2260 BROADWAY, UPPER WEST SIDE (MANHATTAN), NY 10024 Bank of America and Shoppes PRESENTED BY: Matt Brooks Joseph Chichester Managing Director Managing Director [email protected] [email protected] (949) 221-1832 (949) 221-1813 R.E. License No. 01976931 R.E. License No. 01915138 Nicholas Coo BROKER OF RECORD: Senior Managing Director Richard Berlinghof [email protected] Target Rock Partners (949) 221-1811 711 Third Ave, 20th Floor R.E. License No 01226006 New York, NY 10017 R.E. License No 10311203686 4 14 21 TABLE OF CONTENTS PROPERTY OVERVIEW AREA OVERVIEW FINANCIAL ANALYSIS STATEMENT OF CONFIDENTIALITY & DISCLAIMER Faris Lee Investments (“FLI”) has been engaged as the exclusive financial by FLI from sources it deems reasonably reliable. Summaries of any or in connection with the sale of the Property shall be limited to advisor to the Seller in connection with Seller’s solicitation of offers for documents are not intended to be comprehensive or all-inclusive, those expressly provided in an executed Purchase Agreement and the purchase of the property known as 2260 Broadway, City of New but rather only outline some of the provisions contained therein and shall be subject to the terms thereof. In no event shall a prospective York, County of New York, State of New York. Prospective purchasers are qualified in their entirety by the actual document to which they relate. purchaser have any other claims against Seller or FLI or any of their advised that as part of the solicitation process, Seller will be evaluating affiliates or any of their respective officers, directors, shareholders, a number of factors including the current financial qualifications of the No representation or warranty, expressed or implied, is made by owners, employees, or agents for any damages, liability, or causes prospective purchaser.
    [Show full text]