Tech entrepreneur lists Murray Hill townhouse for $4.5M
August 12, 2021

Tech entrepreneur Anil Aggarwal is selling his 19th-century Murray Hill townhouse for $4.49 million.

The home, on East 35th Street, was built in 1856. It features original details including the moldings, hardwood floors and eight woodburning fireplaces….. READ MORE

Top Douglas Elliman NY team expands to South Florida
August 09, 2021

Top Douglas Elliman broker Holly Parker is heading south.

Parker’s team is expanding to South Florida and bringing on Samantha Curry, a top-producing agent for Elliman in Palm Beach. Parker’s team has been ranked in the top two at Elliman for more than a decade, and Curry is ranked as the third highest-producing agent in Florida for the New York-based brokerage, according to a release. She has sold properties totaling $130 million so far this year…. READ MORE

Elliman’s record 195% revenue jump, $43M profit just the beginning: Lorber
August 05, 2021

Douglas Elliman reported record revenues and profits Thursday and executive chairman Howard Lorber forecast more to come.

“I don’t necessarily feel that we’ve increased to the highest point,” he told analysts during the second-quarter earnings call for Elliman’s parent company, Vector Group…. READ MORE

Richard Ferrari named president at Douglas Elliman
July 21, 2021

Douglas Elliman announced today that real estate veteran Richard Ferrari has joined the firm as President and CEO of Brokerage for New York City and the Northeast Region.

Ferrari will oversee the firm’s New York City resale markets, including Manhattan, Brooklyn, Riverdale and Long Island City in Queens. He will also assume responsibility for Elliman’s New Jersey, Westchester, Connecticut and Massachusetts regions and be based out of Elliman’s New York City headquarters located at 575 Madison Avenue…. READ MORE

‘New York is back’ — broker says the city’s real estate market is heating up at all levels Back
July 13, 2021

The revived New York City real estate market is seeing strong demand and attractive prices relative to recent history, a top broker told CNBC on Tuesday.

“The story that I’m seeing across the board: All segments are transacting. New York is back, and people want to be here,” Christopher Kromer, a broker with Brown Harris Stevens, said on “Power Lunch.”…. READ MORE

Bidding Wars And Broken Promises: New York City’s Rental Market Bites Back
May 26, 2021

For a few short months, it looked like renters in New York City were finally getting their revenge. After years of facing exorbitant broker fees, questionable landlords and cutthroat competition for high-priced crawl spaces, the pandemic flipped the script. Suddenly, panicked landlords unable to evict current tenants and losing others to suburban flight began offering units at cut rates with generous concessions. In some parts of the city, the flip was short-lived…. READ MORE

Douglas Elliman Development Marketing Named Exclusive Marketing and Sales Brokerage for 53 West 53 by Pritzker Prize-winning Architect Jean Nouvel
April 8, 2021

53 West 53 is an inimitable addition to the New York City skyline with museum-like finishes and design. Perched atop the Museum of Modern Art, the building offers unrivaled services and panoramic views of Manhattan…. READ MORE

Elliman takes over marketing at MoMA tower
April 7, 2021

After years of struggles, the developers of the Jean Nouvel-designed luxury skyscraper at 53 West 53rd Street are hoping a new team of brokers will jumpstart sales…. READ MORE

‘Top Chef’ producer Zoe Jackson nabs $6.4M Tribeca condo
March 4, 2021

“Project Runway” and “Top Chef” producer Zoe Jackson, daughter of iconic film star Samuel Jackson, has bought a $6.4 million condo at landmarked 108 Leonard St. in Tribeca…. READ MORE

Music mogul Clive Davis buys $4.6M spread in celeb-filled Tribeca building
January 20, 2021

Music mogul Clive Davis just bought a Tribeca pad for $4.59 million, according to city property records.

The three-bedroom, 3½-bathroom pad is at 108 Leonard St. His new neighbors will include Nicole Kidman and her hubby Keith Urban, as Gimme reported exclusively. READ MORE

Shopping for a bargain on NYC’s Billionaires’ Row
December 4, 2020

Gary Barnett is losing money. Over the past decade, the chairman of Extell Development, New York’s foremost developer of super-luxury properties, has bequeathed to the Manhattan skyline not one but two of the super-tall towers that have rechristened 57th Street as “Billionaires’ Row”.

In one of those towers, One57, Extell sold the penthouse to computer mogul Michael Dell for a then-record $100.5m in 2014. READ MORE

Manhattan’s Luxury Market Continues to Bounce Back
November 23, 2020

Manhattan’s high-end real estate market continues its upward trajectory, with 25 homes priced at $4 million and above going into contract in the week ending Nov. 22, according to Olshan Realty’s weekly report, released Monday.

That was three more than the previous week and the most since the beginning of March, when Covid-19 began spreading in the city. READ MORE

Why Every Homeowner Should Know Their Home’s Value
November 20, 2020

Frances Katzen, broker at Douglas Elliman, joins ‘Your Future Home’ to discuss how your realtor can help you understand the value of your home, and situations where sellers may be able to use their home value as leverage. READ MORE

Manhattan recorded $125M of apartment deals last week; NBA star’s $20M Tribeca condo among surge of luxury contracts
September 28, 2020

Just $125.4 million in market-rate condo, condop, and co-op apartment closings were recorded in Manhattan last week. There were just eight condo sales recorded amounting to $88.93 million in sales. A bulk of that number was from a $62.6 million, 4-bedroom deal at 220 Central Park South. The median price of a condo sold was $5.9 million ($2,443 per square foot). READ MORE

What New York City homebuyers need to know during the coronavirus pandemic
April 10, 2020

ForFor New York’s real estate industry, spring is typically the busiest time of the year: New condo developments ramp up their sales launches, renters are looking for new apartments, and sellers are eager to list their homes… READ MORE

Dirt Digs In: Frances Katzen
July 8, 2020

New York City real estate broker Frances Katzen at Douglas Elliman runs a 10-person team of luxury agents that has closed $2.5 billion in total sales and sold more than $250 million annually since 2010. Her team also produces the Katzen Report, a monthly newsletter that covers trends and data in New York City real estate. READ MORE

The Justice Department Inked a Deal to Sell 1MDB Penthouse for 64% Off. The Condo Board Is Fighting Back.
June 17, 2020

In 2014 a nearly 6,000-square-foot penthouse spanning the top floor of the luxury Manhattan condominium Walker Tower sold for $50.9 million, making it the priciest apartment ever sold downtown at the time.

A few weeks ago, the same unit went into contract for just $18.25 million, according to people familiar with the situation.READ MORE

As New York eyes post-coronavirus economic reopening, will real estate rebound?
April 15, 2020

As New York – the state hardest hit during the coronavirus outbreak – begins to think about reopening its economy, some experts are hopeful the real estate market could help lead a rebound… READ MORE

Wealthy Peruvian family buys 8 NYC condos that they say are safer than banks during coronavirus, report says
April 15, 2020

Although New York City is still currently the American epicenter of the coronavirus pandemic, the global destination still has prime real estate… READ MORE

Too early to tell real estate impacts during coronavirus pandemic
April 14, 2020

These days buying and selling homes is a little different. Like much of how we do business these days happens on the internet.

Real estate sales have slowed down with everything else, but there’s still a market in the local economy. The real estate industry is centered around building relationships and personal contacts… READ MORE

Should I Sell My House Now? The Essential Guide To Selling in the Age of Coronavirus
April 13, 2020

Spring is usually prime home-selling season—but this spring is a whole different ballgame.

With the coronavirus crisis intensifying and the economy in a tailspin, some homeowners may be asking themselves: Should I sell my home during the coronavirus pandemic, or wait? READ MORE

What Will America’s Housing Market Look Like After The Coronavirus Pandemic Ends? Here’s What 5 Top Producing Real Estate Agents Had To Say
April 12, 2020

It’s never easy to buy or sell a home—even in the best market conditions. During the Covid-19 pandemic, it’s become nearly impossible… READ MORE

What New York City homebuyers need to know during the coronavirus pandemic
April 10, 2020

ForFor New York’s real estate industry, spring is typically the busiest time of the year: New condo developments ramp up their sales launches, renters are looking for new apartments, and sellers are eager to list their homes… READ MORE

New York City Real Estate In Q1 2020: How The Pandemic Has Affected A Quarter That Started Strong
April 9, 2020

In my 20 years of writing quarterly market reports, no quarter has ever resembled this one! The New York real estate market began 2020 with an unusually strong January, with surging buyer interest in a wide number of properties spanning all price ranges… READ MORE

The official word is in: State releases guidance on RE services
April 9, 2020

The state has released an official confirmation that real estate is considered an “essential business.” But ambiguity remains about what in-person contact is permissible… READ MORE

The Upheaval in New York’s Rental Market
April 8, 2020

TAs many leave the city to move home with their parents, roommates are left to scramble to find subletters, but moving itself can actually be easier… READ MORE

Couple with Manhattan pied-à-terre turn to remote Hawaii real estate
April 8, 2020

Broker Michael Bolla just moved two longtime clients — a couple in their 50s who work in the entertainment industry — out of their $8 million home in Midtown and into a $20,000-a-month two-bedroom in Maui… READ MORE

How Coronavirus Is Impacting Luxury Real Estate
April 1, 2020

In the final quarter of 2019, luxury real estate in the U.S. rallied both in sale volume and price. The segment posted double-digit sales growth year-over-year for the first time in 2019… READ MORE

With New York in crisis, real estate pitches in
March 25, 2020

As the coronavirus overwhelmed city hospitals and left record numbers of New Yorkers suddenly unemployed, Brooklyn landlord Mario Salerno waived April rent for 80 tenants across his 18-building portfolio… READ MORE