HOUSE OF THE DAY: A TriBeCa Penthouse With Gigantic Skylights Is On Sale For $19.5 Million

September 5, 2012, 2:56 pm

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A four-bedroom penthouse on Duane Street in TriBeCa is on sale for $19.5 million.

The apartment has "condo rules with no board approval," meaning it could be easier to buy this apartment  than some other pricey pads currently on the market, according to the listing.

The penthouse has three full bathrooms and one half bathroom.

Welcome to Duane Street.

The living room has skylights that run the across the entire room.

The living room and dining room are considered double height.

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Rent New York City's Famed Woolworth Mansion For $150,000 A Month

September 5, 2012, 4:20 pm

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A Upper East Side townhouse that's been languishing on the market with a $90 million price tag is now being offered for rent for $150,000 a month, according to the New York Daily News.

Known as the Woolworth Mansion, the home has 10 bedrooms, 11.5 bathrooms, and 3 kitchens and used to belong gym mogul Lucille Roberts. She bought it back in 1995 for $6 million, says Curbed.

It was first listed in March 2011 (and made available to rent for $210,000 a month), but after failing to attract a buyer or renter, it looks like the owners have changed course and lowered their asking price. Hopefully, they will have better luck this time.

The townhouse is located steps away from Central Park and the Met.

Retail tycoon Frank Woolworth commissioned three townhouses to be built for his three daughters, and No.4 was for his middle daughter Helena.

The townhouse is a neo-French Renaissance style, has a limestone facade and was completed in 1916.

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HOUSE OF THE DAY: A $25 Million Loft That Was Once A NYC Concert Hall

September 6, 2012, 3:16 pm

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Beethoven Hall, in the NoHo neighborhood of Manhattan, is on the market for $25 million.

The historic, pre-war loft was formerly a concert hall. It spans nearly 6,790 square feet and has 11 rooms in total.

The home has four bedrooms, three full bathrooms, and one half bath. The house has enormous brick archways, a wood-burning fireplace, reclaimed wood flooring, marble, and imported wood doors all mixed into the interior design.

Welcome to E 5th Street.

The building, which was a concert hall when it was first built in 1860, has 32-foot arched ceilings.

Taxes are $2,647 a month.

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HOUSE OF THE DAY: A Massive Old Estate Near San Francisco Just Hit The Market For $85 Million

September 7, 2012, 9:25 am

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A huge historic home in Woodside, Calif. is on sale for $85 million, according to The Wall Street Journal.

The home spans 9,000 square feet, has nine bedrooms, eight and a half bathrooms, and sits on 90 acres of land.

The house has belonged to Elizabeth Dresser Flood, who passed away last year. It had been in her family since it was built in 1941, and has hosted politicians such as President John F. Kennedy. 

Also on the property are a two-bedroom gatehouse and a two-bedroom caretaker's house.

Welcome to Greer Road in Woodside, Calif.

The Flood Family is selling the house because their matriarch Elizabeth Flood passed away in April.

Inside, the home is quaint and heavily wooded.

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HOUSE OF THE DAY: A Pair Of Units At Famed 15 Central Park West Are Selling For $44 Million

September 8, 2012, 10:25 am

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Another property is on the market at tycoon mecca 15 Central Park West, and it's asking a whopping $44 million, according to The Wall Street Journal.

The apartment is absolutely massive, spanning nearly 4,000 square feet. It's technically two separate units that still need to be combined, so any prospective owner should expect to do some construction. As it stands, the apartments have five bedrooms and seven bathrooms.

15 Central Park West has made countless headlines during the past year, with Sandy Weill's penthouse selling for $88 million, and a $95 million listing from a steel tycoon.

Welcome to 15 Central Park West.

Robert A.M. Stern designed the building.

The apartment is two adjacent units that were combined, on the 24th floor.

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HOUSE OF THE DAY: A Modern Condo On The Upper East Side For Just Under $20 Million

September 9, 2012, 2:15 pm

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An upscale condo on the Upper East Side with four bedrooms and 4.5 bathrooms is on sale for $19.9 million.

The condo spans three floors inside a limestone mansion. The building has a doorman.

The home is a short walk to Central Park.

Welcome to E. 65th Street.

Architect Richard Perry and designer Jonathan Adler paired to renovate the apartment.

You must put 10 percent down to purchase this home.

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Real Estate Brokers Are Learning Mandarin To Court Wealthy Chinese Buyers

September 10, 2012, 12:44 pm

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To capitalize on the market of newly wealthy Chinese buyers looking to invest in the United States real estate market, brokers are beginning to learn Mandarin to interact with clients, The New York Times' Alexei Barrionuevo reports.

It started around 2008, when the New York market became stagnant and companies such as Sotheby’s International Realty turned their focus to Asia, sending brokers there to seek out buyers.

The U.S. is an attractive market for Chinese buyers who are looking for ways to preserve their wealth and see properties in New York and Los Angeles as safe bets.

In New York, Chinese buyers have been snatching up properties in the $3 million to $6 million price point at the Time Warner Center, 15 Central Park West, and the still-under-construction One57 building.

DON'T MISS: Some Real Estate Agents Will Go To Crazy Extremes To Sell A House >

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HOUSE OF THE DAY: A $75 Million NYC Triplex With A Sushi Kitchen And Cigar Room

September 10, 2012, 2:52 pm

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A triplex inside The Heritage at Trump Place on the Upper West Side has hit the market for $75 million, the New York Post reported.

The condo is in the 150-unit building on Riverside Boulevard.

The home has eight bedrooms and 15 bathrooms, and spans 11,000 square feet—which is absolutely massive.

The condo was originally commissioned by an international businessman, who was on assignment in NYC and now has returned overseas, according to the listing. 

The home is a combination of six units.

The current owner is asking $5,156 per foot.

The home faces the Hudson River.

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Take A Look Inside Apple Exec Jony Ive's New $17 Million Mansion In San Francisco

September 11, 2012, 7:27 am

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Apple executive Jonathan Ive just bought a stunning home on San Francisco's Gold Coast for $17 million, according to The Wall Street Journal. The home was originally listed for $25 million.

Ive, Apple’s senior vice president of industrial design, is credited with the look of the iPod, iPhone, and other products.

The home is one of San Francisco's most historically significant properties—designed by Willis Polk, a well known local architect.

The house has four bedrooms and 7.5 bathrooms.

Completed in 1927, the house still looks very well kept and has a beautiful brick facade.

The house has a signature slate roof, and deep portico entry.

The Palace of Fine Arts has commended the home.

The formal sitting room has a lovely pattern on the ceiling.

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In The World Of Luxury Real Estate, '$80 Million Is The New $20 Million'

September 11, 2012, 10:13 am

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The very top of the New York real estate market is roaring, while the real estate domain of the "merely rich" —homes in the $5 million to $20 million range—lags behind.

It was enough to make Kirk Henckels, director of private brokerage at Stribling, declare "$80 million is the new $20 million" in a new report on the luxury residential market, according to The Wall Street Journal's Josh Barbanel.

In 2008, prices at the highest end of the New York market hovered around $40 million, and the record sale price was around $6,000 per square foot, Henckels told The WSJ. Today, that figure has risen to more than $10,000 per square foot.

The biggest sale in New York in the past year was Sandy Weill's $88 million penthouse at 15 Central Park West, which was bought by a Russian oligarch who paid the full asking price. A penthouse at the still-under-construction One57 reportedly went for more than $90 million, and there's currently a $100 million apartment on the market and two more that are asking $95 million.

At the same time, residential properties in the $5 million to $20 million range have not fared so well. Writes Barbanel:

...the report said that there were 388 sales of $5 million this year through August, a decline by 7.4% compared with the same period in 2011, with prices between $5 million and $20 million increased slightly.

Steeper declines in sales co-ops and condominiums were offset in part by an increase in townhouse sales.

Now check out the most expensive apartment currently for sale in NYC >

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HOUSE OF THE DAY: Buy A Victorian Home In Aspen For $8.9 Million

September 11, 2012, 2:00 pm

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A Victorian cottage in Aspen, Co. is on sale for $8.9 million.

The home is being sold completely furnished. The 4,789-square-foot house has five bedrooms and 5.5 bathrooms.

The home has a two-car, 500-square foot garage for storage.

Welcome to West Francis Street.

The current owners are asking $1,858 per square foot.

The living room opens up to the patio with a fire pit on it.

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HOUSE OF THE DAY: Johnny Depp Just Bought A $4.4 Million Hollywood Home For His Ex

September 12, 2012, 3:05 pm

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To make nice after splitting with the mother of his two children, Johnny Depp bought a $4.4 million Hollywood home for Vanessa Paradis, his longtime partner, according to the New York Daily News.

The Mediterranean-style home has five bedrooms, five bathrooms, and spans 5,800 square feet.

Welcome to Woodrow Wilson Drive.

The home was built in 1990.

The living room has beamed double-height ceilings.

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See Where The Hamptons Summer Crowd Lives The Rest Of The Year [Infographic]

September 13, 2012, 9:20 am

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A whopping 60 percent of homes in the Hamptons are vacation homes, owned by people who list a non-Hamptons address as their permanent residence.

Of those vacation home owners, a third are Manhattan residents, who together have invested more than $20 billion in Hamptons properties, according to a new infographic from PropertyShark.

Who else buys vacation homes out east, and what do they pay in taxes? Check out the infographic below to find out.

Now meet the rich and famous residents of Southampton >

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HOUSE OF THE DAY: A Reality TV Couple Is Flipping This West Village Loft For $17 Million

September 13, 2012, 2:48 pm

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Cortney and Robert Novogratz are in the business of flipping homes.

The Novogratzes star in HGTV's "Home By Novogratz," a show based on their design business and personal lives as they juggle clients and parenting seven children. A film crew documented them for months inside their West Village home.

They've now flipped 15 houses in Manhattan, and just moved out of the West Village loft to make No. 16.

The spread is now on the market for $17.45 million. It was recently price chopped from $25 million.

The home is a garage-turned-loft almost on the West Side Highway.

The Novogratzes are self-taught designers. The couple met at a party in their early 20s, and dreamed of a loft they would one day call home. Robert left his career in finance and the pair embarked on a full-time career in design once they realized they were "pretty good at it," Cortney once told us.

The home has five bedrooms, 4.5 bathrooms, and spans just more than 7,000 square feet.

Here's what the home looked like before the Novogratzes moved in.

Now, there are huge glass windows that look out over the Hudson River.

Here are the Novogratzes in front of the home. They've moved a lot in the past 20 years. In one year alone, they moved three times, after flipping homes.

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HOUSE OF THE DAY: A Gorgeous Park Avenue Duplex For $24.75 Million

September 14, 2012, 2:16 pm

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A Park Avenue duplex on the Upper East side just hit the market for $24.75 million.

The home belongs to society couple Pamela Farkas and Andrew Paul, who are moving to their West Village townhouse, according to The Observer.

The home has five bedrooms and 5.5 bathrooms. There were originally 17 rooms total, the home was renovated to make the rooms more spacious. The apartment takes up the sixth and seventh floors of 820 Park Avenue.

The building was constructed in 1926, and is a cooperative with elevator access.

Expect to pay $18,281 a month in maintenance fees.

The home has been on the market just one day.

820 Park is a pre-war building.

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HOUSE OF THE DAY: A Minimalist Mansion On The Sunset Strip For $12.9 Million

September 15, 2012, 11:10 am

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A home overlooking downtown Los Angeles on the Sunset Strip is on sale for $12.9 million.

The home has a four-car garage, four bedrooms, and seven bathrooms.

The house was built in 2010, and spans 7,500 square feet.

Inside this modern, minimalist home is a waterfall and a 980-bottle wine cellar.

Welcome to Nightingale Drive.

The home was designed by Zoltan Pali.

This wall of Silver Travertine is the first thing you see upon entering. It spans the entire length of the house.

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Chinatown Man Has Seen The Future, And It Involves This 'Super Skyscraper'

September 17, 2012, 11:30 am

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Chinatown luminary San Yan Wong sees absolutely no downside to building a 128-floor "super skyscraper" just west of the Manhattan Bridge.

"Everyone is a winner!" Wong claims in a 113-page proposal posted on Curbed.

The proposed building would yield "more than 30 million dollars annually in real estate taxes" and "billions of dollars" in business taxes. Displaced tenants would received "beautiful apartments, as if they had just won first prize in a lottery." Investors would have "ample opportunities to receive a steady profit."

Indeed, this building represents the very future of American capitalism:

Today’s European-style capitalism or imperialism countries such as Britain, France, Spain, Portugal, United States,and Canada are declining in industrial production, trade, and fi nance. All of these countries were once rich powers. However, they are completely running out of money today. With a large deficit, it may be favorable to implement the concept of capitalism with American characteristics, bymaking certain changes in non-traditional capitalism to reform it- keeping the positive factors of capitalism and screen outthe negative elements.

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The Sun Yat-sen center will be a building of tremendous size that reflcts twenty-first century thought. It will be a city in and of itself, with stores, offices, housing, a parking lot, a farm, an observation deck, schools, a center for the elderly, a youth center, as well as community and government offices. There will be a need for professionals and specialists, as well as manual laborers, and the poor will live alongside the wealthy in one harmonious community.

The purposed building would be shaped like a capital "H," be  2,173 feet high, have an insane 15,000,000 square feet of living space, 130 functioning elevators, and parking for 3,000 cars.

The building would be divided by professional offices, a "Super Galactic Hotel," community spaces. Inside of the purposed community space, there would be elderly care, a health spa, kindergarten, and conference rooms.

The top floor will encase the world's highest revolving restaurant, a roof top greenhouse, and the world's tallest observation deck.

Behold:

DON'T MISS: The Next Generation Of Skyscrapers Is Coming >

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HOUSE OF THE DAY: Reese Witherspoon Lists California Home That Was Just On The Cover Of A Magazine For $10 Million

September 17, 2012, 3:02 pm

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Reese Witherspoon has listed her $10 million Ojai, California home, just weeks after it appeared on the cover of Elle Decor.

Witherspoon purchased the home in 2008 from designer Kathryn Ireland, according to The Hollywood Reporter. Witherspoon is asking $4.2 million more than what she paid for it. 

The home has nine bedrooms and seven bathrooms.

Welcome to Libbey Ranch. The home was built in 1923.

The home is Mediterranean-style, designed by the famed Wallace Neff.

Actor/director Harold Ramis of "Ghostbusters" owned the home before Ireland and Witherspoon, respectively.

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HOUSE OF THE DAY: An Aspen Estate With A Famous Past For Just Under $20 Million

September 18, 2012, 3:13 pm

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A glowing estate in Aspen, Colo. is on sale for $19.95 million.

The spectacular gardens and nearly 13,000-square-feet of living space are enough to sell the home, but the estate has a sordid past: John Edwards' mistress Rielle Hunter reportedly hid out there during the 2008 election, according to the New York Daily News.

The home on Starwood Drive, was built in 1994 by the late trial lawyer Fred Baron, who was a huge Democratic Party contributor. Baron and his wife had Lisa provided funds to help Hunter during their affair, according to testimony in Edwards' trial.

The home features five bedrooms, five full bathrooms, and three half baths.

The 2012 property value summary has the home and land valued at $12,775,200—a solid $7 million less than the current asking price.

[via Curbed]

Welcome to Starwood Drive.

The home sits on 3.95 acres of land.

The home was designed by architect to the stars Robert Stern.

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'Sex And The City' Creator Candace Bushnell Has Listed Her West Village Co-Op For $2.8 Million

September 19, 2012, 9:21 am

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The woman who spun the tales of why it was so great to be single in New York City is selling her own bachelorette pad.

"Sex and the City" writer Candace Bushnell is selling her Greenwich Village co-op for $2.8 million, according to Curbed. The listing comes after a messy divorce for Bushnell.

The home has two bedrooms and 1.5 bathrooms. 

The apartment was featured in Elle Decor in September 2005, and is in a historic building on W. 9th Street. Another big name from "Sex and the City"—Chris Noth, who played Mr. Big—also owns an apartment in the building.

Welcome to 45 East 9th Street.

The living room gets plenty of natural light, and has a wood-burning fireplace.

Maintenance fees are $3,100 a month.

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