Category Archives: New York Condos

Big Bang Theory Actor Buys 36 Gramercy Park East

Jim Parsons of The Big Bang Theory has officially bought a luxury condo at 36 Gramercy Park. The asking price on the 911-square-foot two bedrooms and one bath condo was $1.975 million.
But Parsons and his partner, Todd Alan Spiewak, apparently bought the condo for $1.822 million. Broker Ryan Serhant told the New York Observer, “It’s a phenomenal two-bedroom in the condo on Gramercy Park…it was hardly even on the market.”
The building was made in 1908, and a feature to owning a condo in this Gothic construction includes a key …

Posted in → New York Condos
Tags →
by Phylis J. Iqbal on January 16, 2012

Growing Chinese Investment in New York City

According to a new report from the New York Times this past week, Chinese banks are behind some major deals in the luxury real estate sector in New York City; contributing over one billion dollars in loans last year alone. These investors mean business and they’re working throughout Manhattan, Brooklyn, and beyond.
According to The Observer, “Mr. Hu represents the Chinese investors who have beat a steady march to iconic New York properties recently.”
But you won’t see much about Chinese investors in the media. They are strictly business. Managing director …

Posted in → New York Condos
by Phylis J. Iqbal on January 16, 2012

Cornell University is Coming to Roosevelt Island

A new Cornell University campus has promised to be an economic jolt to New York City. New York City Mayor Michael Bloomberg has said that the new campus will bring high-tech jobs to New York City and make the city more innovative and attractive to domestic and foreign investment.
Residents are largely mixed on the impact that the new campus will have on the city, but there is no doubt that it will transform a little known piece of the city. Roosevelt Island has been chosen as the spot for the …

by Michael Foster on December 23, 2011

Sarah Jessica Parker’s Quest for the Perfect Pasta in the West Village

Despite the thin actress’s physique, Sarah Jessica Parker has begun a search for the best pasta in the city.
For ravioli, she has already found the place–Gradisca, in the West Village on 13th street between 6th and 7th. The actress told the New York Times that the eatery’s ravioli “is absolutely gorgeous. It is light as air. I always tell people to go visit Gradisca because I think it’s such a surprise.”
She’s also fond of the restaurant’s pasta carbonara, which she calls “beautiful” with its perfect balance of bacon, cheese, olive …

by Michael Foster on December 20, 2011

Chaos at the Hotel Chelsea

 

Working with a disreputable real estate broker can lead to lost money and even homelessness. In New York City, where real estate works unlike anywhere else in America, this is doubly the case, as residents at the Hotel Chelsea have discovered.
There is the potential for a lot of confusion in that sentence. Hotel? Residents? Yes, it is not uncommon in the nicer hotels for permanent residents to purchase a suite to live in or visit regularly. The Hotel Chelsea is a typical example. A grand and historic property, the hotel …

Posted in → New York Condos
Tags → ,
by Michael Foster on November 28, 2011

Another Meatpacking District Transformation

 

In the past decade, the Meatpacking District has profoundly transformed, rendering its name more of a historical curiosity than an accurate description of a very hip and pricey neighborhood. The Meatpacking District, being alongside the Hudson and straddling Chelsea, has become a celebrity hotspot as well as home to several luxury condo developments.
A new development seems to be coming as well, and this time it’s not residential. Curbed is reporting that another warehouse in the “MePa” area (seriously, don’t call it that) is being torn down to make way for …

Posted in → New York Condos
by Michael Foster on November 28, 2011

Micro-micro Neighborhoods See Price Explosion

 
One of the things that confuses outsiders and recent transplants is the concept of the microneighborhood, which is a reality in New York City, especially Manhattan. On such a small island with such a dense and diverse population, it was almost inevitable that small groups would create their own communities with their own unique flavor, like Little Italy and Chinatown right next to each other.
Because these neighborhoods are so small and so close to each other, you will often see a completely different area just across the street, and walking …

Posted in → New York Condos
by Michael Foster on November 28, 2011

The Big Lebowski Reunion at the Hammerstein Ballroom

For me, the best thing about living in New York City is the access to every type of culture in the world–high, low, foreign, domestic, weird, and other. I’m not sure if The Big Lebowski is high or low culture, but it certainly is a masterpiece and pinnacle of American civilization. For this reason, I wish I bought a ticket to the The Big Lebowski cast reunion at the Hammerstein Ballroom on August 16th, where his Dudeness (Jeff Bridges) was alongside John Goodman, Steve Buscemi, and Julianne Moore for a …

Posted in → New York Condos
by Michael Foster on November 28, 2011
A Real Estate Blog by
A Real Estate Blog by CondoDomain