New York real estate

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Christie Brinkley Hawking Hamptons House for $15.75M

(Newser) - And you thought she was just a pretty face. Ex-supermodel Christie Brinkley is offering for sale one of her several Hamptons homes—for the low, low price of $15.75 million. Located in North Haven, NY, near Sag Harbor, it was built in 1843 and features 5500 square feet, 4....

'Regular Guy' Limbaugh Sells NYC Condo for $11.5M

Getting out of city because of taxes

(Newser) - After complaining about New York City's high taxes, Rush Limbaugh is parting ways with the city, selling his posh Fifth Avenue penthouse for $11.5 million. Limbaugh, who bought the place for $5 million in 1994, recently said on his radio show that he was going to "get out...

For Rent: Obama's NYC Digs
 For Rent: 
 Obama's 
 NYC Digs 
ONLY $1900 a MONTH
Jun 8, 2010 8:02 AM CDT

For Rent: Obama's NYC Digs

'Live like a president'—or at least a broke Columbia undergrad

(Newser) - Barack Obama slept there, and you can, too—for a mere $1900 a month, you can rent the president's old New York City apartment, Gawker reports. The apartment at 42 West 109th St. has "beautiful hardwood floors," "high ceilings," and "large closets," the ad...

Truman Capote's Brooklyn Home on Sale for $18M

The place he wrote Breakfast at Tiffany 's

(Newser) - The Brooklyn townhouse where Truman Capote wrote Breakfast at Tiffany's and other notable works is on sale for $18 million. The building, on the market for the first time in 70 years, is expected to break sales records as one of the most expensive townhouses in the borough, Sotheby's International...

50 Best Places to Live in New York
 50 Best Places 
 to Live in New York 
Nate Silver
Apr 12, 2010 12:23 PM CDT

50 Best Places to Live in New York

Number cruncher devises elaborate system to rate neighborhoods on satisfaction

(Newser) - If you live in New York, the fact that Nate Silver has concluded that Park Slope is the most "satisfying" neighborhood in the city is hot stuff—especially if you own real estate in Park Slope. But if you don't, what's pretty hot is the methodology the numbers genius...

New Owners Love Bernie Madoff's Pad

Patio trumps 'karma' concerns

(Newser) - Bernard Madoff may be a despicable con artist, but say this for the guy: he had a nice place. Now that place, a penthouse overlooking Manhattan’s Upper East Side, belongs to toy mogul Al Kahn and his wife, Patsy, and they say they couldn’t be happier, reports the...

Cabbage Patch CEO Snags Madoff Pad
 Cabbage Patch CEO 
 Snags Madoff Pad 
TAKE A TOUR
Feb 7, 2010 8:06 AM CST

Cabbage Patch CEO Snags Madoff Pad

Take a look at what $9M will get you in New York City

(Newser) - The guy who brought you Cabbage Patch Kids and Pokemon has snapped up the penthouse apartment of erstwhile Ponzi schemer Bernard Madoff, reports the New York Post . Al Kahn is the CEO of 4Kids Entertainment, and will be calling the 4000-square-foot lux digs in Manhattan's Upper East Side home sweet...

Record $5.4B NYC Apartment Complex Lost to Creditors

Stuyvesant Town project collapses under debt

(Newser) - The record-setting sale of a New York residential property for $5.4 billion in 2006 was a deal made at the height of the boom—and it's now a casualty of the collapsed real estate market. Tishman Speyer, the property company that bought the 56-building, 11,000-unit Peter Cooper Village...

DC Office Prices About to Pass NY

Falling banks, rising government shifts real estate market

(Newser) - Washington, DC, is on the verge of passing New York as the priciest place to rent an office in the country. Rents were down pretty much across the board in the latest figures from Reis, a New York-based research firm, but DC saw only a mild 3% decline, to an...

For Sale: Madoff's $8.75M Hampton Home

$8.75M home being sold by government to pay restitution

(Newser) - Bernie Madoff’s Montauk beach home could be yours for just $8.75 million. The 3,000-square-foot home will go on the market this week—the first of three being sold by the government to get Madoff’s victims some of their money back, Bloomberg reports. Unfortunately for those investors,...

Brangelina Shop NYC Digs
 Brangelina Shop NYC Digs 
Jul 12, 2009 11:27 AM CDT

Brangelina Shop NYC Digs

Hollywood royalty looking to spend $25M for Upper West Side condo

(Newser) - Tired of renting when in the Big Apple, Brad Pitt and Angelina Jolie just want a place of their own, the New York Daily News reports. The power duo has been quietly checking out the Apthorp, a historic Upper West Side landmark, and is ready to spend as much as...

Madonna Drops $40M on NYC Townhouse
Madonna Drops $40M on NYC Townhouse
Apr 14, 2009 1:31 PM CDT

Madonna Drops $40M on NYC Townhouse

Material Mom might be putting off promised move to Malawi

(Newser) - Madonna may be sending her moving van(s) to the Upper East Side of Manhattan rather than Malawi, reports the New York Post. The singer is plunking down $40 million for a Georgian-style townhouse. That’s $5 million less than the asking price, but hardly a bargain; no residence in the...

Playgrounds of Rich and Famous Hit the Skids

What would Jay Gatsby say?

(Newser) - Even crème de la crème communities are curdling in the current crisis, reports the Telegraph. Take the Hamptons, where nearly as many homes were being foreclosed last week as the number of places sold. Residents in the super-affluent towns on Long Island's east end are struggling to meet...

Times Co. Sells HQ for $225M
 Times Co. Sells HQ for $225M 
Mar 9, 2009 8:51 AM CDT

Times Co. Sells HQ for $225M

Debt-laden paper enters sale-leaseback with investment firm

(Newser) - The New York Times Company has raised $225 million through a sale-leaseback of its Eighth Avenue skyscraper, it announced this morning. The deal gives investment firm WP Carey ownership of the Times' share of the Renzo Piano-designed headquarters, which the newspaper moved into in 2007. The company will then lease...

Virgin Megastore to Close
 Virgin Megastore to Close 
Jan 14, 2009 9:37 AM CST

Virgin Megastore to Close

Iconic record store to become Forever 21

(Newser) - New York City’s iconic Virgin Megastore will close in April, Billboard reports. The Times Square fixture is the US’s highest volume music store, but the real estate company that acquired Virgin in 2007 is booting it for a higher-rent tenant. An exec told Reuters last year that Virgin...

Katie Drops $14M in NYC
 Katie Drops $14M in NYC 
ANALYSIS
Jan 5, 2009 11:14 AM CST

Katie Drops $14M in NYC

Star racks up impressive bill in 6 months during Broadway stint, Post estimates

(Newser) - Katie Holmes is “Manhattan’s Most Valued Shopper” after spending more than $14 million during her 6 months in New York, the Post estimates. Dining at hot spots like Nobu accounts for more than $7,000, while dressing herself and Suri racked up at least $17,000. But the...

Long Way Down for NYC, Boston Home Prices

Cities can't buck market forces forever

(Newser) - New York, Boston, and Charlotte, NC, are at the center of the financial industry, but so far those cities haven’t seen home prices plummet the way they have in the rest of the country. New York’s single-family-home prices are down from their 2006 highs, roughly half the decline...

Madoff Shakes NY Real Estate Industry

Scandal jeopardizes dozens of projects; loans may be called in

(Newser) - New York's once booming real estate industry has already been struggling with the recession, but the revelation of Bernie Madoff's $50 billion Ponzi scheme has hit commercial brokers and developers particularly hard. Deals across the city have been put in jeopardy, buyers have withdrawn pledges to purchase, and Madoff investments...

Madge, A-Rod Want Love Shack
 Madge, A-Rod Want Love Shack 
Dec 2, 2008 11:37 AM CST

Madge, A-Rod Want Love Shack

Pair may move in together in New York

(Newser) - Madonna and Alex Rodriguez are looking to shack up together in a high-end Manhattan mansion, the New York Post reports. A real estate source revealed the pop star and her slugger beau are scouting the Upper East Side for “private, double-width mansions in the vicinity of $30 million to...

Manhattan Real Estate Prices Plummet

News will only get worse, experts predict

(Newser) - Manhattan real estate is already taking a major hit from the economic crisis, reports the New York Times. Median property prices in Harlem are down nearly 20%, and east midtown condos have plunged more than 18%. The downturn will eventually rock even the toniest neighborhoods, experts predict. Sales have slowed...

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