Вы находитесь на странице: 1из 28

A SpeciAl AdvertiSing Supplement to the new York obServer

A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate
A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate
A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate
A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate
A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate
A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate
A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate
A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate
A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate
A SpeciAl AdvertiSing Supplement to the new York obServer Upper East SideLiving The Insider’s Real Estate

Upper East SideLiving

The Insider’s Real Estate and Neighborhood Guide • Fall 2010

Cover Photo

The Laurel

A Superior Standard of Living

top 10 Upper East side

Scandals

Unveiled

+ More!

the latest data on Sales and rental prices by

+ More! the latest data on Sales and rental prices by InsIdERs GUIdE * to the

InsIdERs GUIdE

*

to the Real Estate Market

*

Under the Radar Hotspots

getty images; cover image: dbox

2

Million dollar

views through

Central Park.

LIfE on tHE UppER East sIdE

In the

Lap of Luxury

traditionally evoked images

of luxury, beauty and class,

a historic neighborhood

that was, and continues to

be, a favorite of celebrities

and multiple generations of

wealthy families.

“The neighborhood appeals

to the rich and famous,”

said Kelly Mack, president of

Corcoran Sunshine Marketing Group. “From celebrities to the business and financial titans, many people have homes here.”

The sights of the Upper East Side are iconic New York landmarks, like the Metropolitan Museum of Art. Spots like the East River, Central Park and the Carl Schurz Park bring nature to a neighborhood scattered with pre-war buildings and new structures. Madison Avenue’s high-end shopping also solidifies the lavish reputation of the area. “Madison is one of the most expensive streets in the country,” said Reba Miller, president of RP Miller & Associates. “Madison is a signature place for high-end couture companies.” Restaurants and hotels are also staples to the neighborhood. Whether you prefer fancy French cuisine or inexpensive take-out, the Upper East Side has it all. Visitors have their pick at classic housing options like The Plaza, or new establishments like The Mark Hotel.

“There is nothing that you cannot find on the Upper East Side,” Mack said. “You can walk down the street, into an Italian restaurant and have a great meal and you don’t have to pay a fortune.” There are also infamous bars like Elaine’s that host journalists, authors, and stars like Alec Baldwin, Meryl Streep, and Billy Joel. “It’s one of the most famous bars in New York,” said Les Meyers, a real estate agent with Citi Habitats. “It is a true New York experience and a lot of fun.”

tHE top tIER MaRkEt

Across the board, brokers on the Upper East Side agreed that the market is sound and people are still interested in what the neighborhood has to offer. Miller said the market is

T he Upper East Side has

Celebrity

interested in what the neighborhood has to offer. Miller said the market is T he Upper

neighbors.

400 East 67 t h Street Left: The crowning glory of The Laurel is its
400 East 67 t h Street Left: The crowning glory of The Laurel is its

400 East 67 th Street

Left: The crowning glory of The Laurel is its spectacular top floor penthouse featuring panoramic views. The double-sided wood burning fireplace grounds this great room creating a warm, yet striking atmosphere.

Studio to Four Bedroom Condominium reSidenCeS | on-Site Parking

to Four Bedroom Condominium reSidenCeS | on-Site Parking Far Left: The shimmering infinity edge 50 ft
to Four Bedroom Condominium reSidenCeS | on-Site Parking Far Left: The shimmering infinity edge 50 ft

Far Left: The shimmering infinity edge 50 ft lap pool can be found in The Laurel’s 8,000 sq ft fitness facility and features a glass mosaic tile interior and botticino marble deck.

Left: The Laurel Condominium,

a graceful new residential tower

fashioned of glass and limestone

is located on the Upper East Side,

in Manhattan’s most coveted and

convenient location.

triathlon training Center | SCreening room | Children’S Play areaS

training Center | SCreening room | Children’S Play areaS Left: The Laurel’s Penthouse features a private

Left: The Laurel’s Penthouse features a private bi-level terrace and roof deck with an additional wood burning fireplace.

Buyers seeking quality – quality of construction, quality of finishes, quality of life – find The Laurel a true value.

immediate occupancy 12,000 sf of amenities Leed certified 421a tax abatement 60% soLd financing avaiLabLe

400 east 67th street

|

212 750 5550

|

LaureLcondominium.com

deveLoped by aLexico group.

excLusive marketing and saLes agent: the sunshine group, Ltd.

marketing and saLes agent: the sunshine group, Ltd. photography by evan joseph. the compLete offering terms

photography by evan joseph. the compLete offering terms are in an offering pLan avaiLabLe from sponsor. f inancing for qua L ified purchasers on Ly. f i L e n o. cd -06-0801. s ponsor: 1240 f irst avenue LLc .

ed yourdon; wikimedia

(above) East River fishing and sun (below) Central Park and Fifth Avenue aprtments from the air.

be difficult for a broker to satisfy. She added that years ago people would have been willing to give something up, but current clients are not making the same sacrifices. “It has to be really perfect in every which way, and that’s so difficult to do,” Miller said. “Its hard to satisfy customers when they ask for more then what they can get for their money.” Meyers agreed and said that people are trying to find something that suits their needs. “I really find that people are just trying to maximize their dollar,” Meyers said. “They are trying to get a much as they can on the Upper East Side.” Mack said she is seeing more people looking for larger residences these days. “Most people we are selling to are already living on the Upper East Side and want to upgrade,” Mack said. “They are moving into something larger or something new.” Overall, brokers agreed that the turnover rate for property on the Upper East Side is very high. “We have fantastic inventory right now,” Mack said. “But as that is being

absorbed into the market, its not being replaced.” Mack added that prices for property on the Upper East Side are still higher than other neighborhoods in Manhattan. She said that the price per square foot is $1,450 on the Upper East Side and $1,300 throughout other parts of the island. Customers are also playing approximately $2.15 million instead of $1.75 million for condos. “Not a lot of people leave,” Mack said. “We see many people continue to trade up because they want more space.”

LocatIon,

LocatIon,

LocatIon

When it comes to attracting new residents, the Upper East Side entices people with its schools, amenities in the buildings and residential streets. The public and private schools are known throughout the country. This can be attributed to their scholastic ratings or “Gossip Girl.” Miller said there are so many options that people from

stable and she hasn’t noticed any new trends. “People are concerned about how to live and where to live,” Miller said. “The market is decent and priced correctly.” Miller also said that most customers are looking for a complete package, which can

is decent and priced correctly.” Miller also said that most customers are looking for a complete
is decent and priced correctly.” Miller also said that most customers are looking for a complete

PERFECTLY CONCEIVED. IMPECCABLY DELIVERED.

PERFECTLY CONCEIVED. IMPECCABLY DELIVERED. ALL IMAGERY IS ACTUAL PHOTOGRAPHY Experience how the reality of The Lucida
PERFECTLY CONCEIVED. IMPECCABLY DELIVERED. ALL IMAGERY IS ACTUAL PHOTOGRAPHY Experience how the reality of The Lucida
PERFECTLY CONCEIVED. IMPECCABLY DELIVERED. ALL IMAGERY IS ACTUAL PHOTOGRAPHY Experience how the reality of The Lucida

ALL IMAGERY IS ACTUAL PHOTOGRAPHY

Experience how the reality of The Lucida has stayed absolutely true to the vision. With its dramatic glass façade, richly styled interiors, filtered fresh air and unmatched entertainment and spa facilities, it is the newest neighborhood classic with every detail built to the finest standards.

classic with every detail built to the finest standards. Limited opportunities remain — now open and

Limited opportunities remain — now open and ready for immediate occupancy. Two- to five-bedroom residences from $2.8 million to over $6 million. Please call for a private appointment: 866 665 0915 · www.TheLucida.com

for a private appointment: 866 665 0915 · www.TheLucida.com QUALITY, CHOICE, EXCELLENCE EXCLUSIVE MARKETING AND SALES

QUALITY, CHOICE, EXCELLENCE

EXCLUSIVE MARKETING AND SALES AGENT:

CORCORAN SUNSHINE MARKETING GROUP

MARKETING AND SALES AGENT: CORCORAN SUNSHINE MARKETING GROUP The complete offering terms are in an offering

The complete offering terms are in an offering plan available from Sponsor. File No. CD-06-0596. Sponsor: WB IMICO LEXINGTON FEE LLC, 805 THIRD AVENUE, SEVENTH FLOOR, NEW YORK, NEW YORK 10022. Property: 151 East 85th Street, New York, NY.

FEE LLC, 805 THIRD AVENUE, SEVENTH FLOOR, NEW YORK, NEW YORK 10022. Property: 151 East 85th

cloneofsnake

Gracious townhomes on every street.

all over the world can go to school on the Upper East Side and feel right at home. “There are good school systems all over and lots of choices,” Miller said “There are private schools for those that wish to send [their kids] and good public schools.” Arthur Fenton, senior vice president of Prudential Douglas Elliman, said people looking on the Upper East Side are attracted to buildings with great amenities.

“People want to walk into an apartment and see everything is beautifully done,” Fenton said. “Everyone wants it all.” Fenton said some of the popular requests are finishings, doormen, and fitness centers. He added that people are attracted to buildings with new appliances in the kitchen and nice floors. Brokers also commented on the residential feel of the neighborhood compared to areas like Wall Street and Midtown. “A lot of people live there and it’s one of the prominent residential locations,” Mack said. “Some people don’t want to walk around and see signs or high rise commercial buildings.” Meyers said families that live on the Upper East Side tend to stay and new people are attracted to the quiet

streets and security. “It’s residential and you’re less likely to be dragged by shoppers,” Meyers said. “It becomes more of a location driven thing with the river and attraction to the green.” While families live on the Upper East Side, they don’t tend to work there. Fenton said that many are attracted to the residential feel of the tree-lined streets, but work in busier sections of the city. “There are many people who don’t work but live here,” Fenton said. “Someone who works on Wall Street doesn’t always want to live there because it’s not as residential.” Miller concurred that the general feeling of the area drove many to stay on the Upper East Side. “You always know someone in the streets,” Miller said. “It’s easy to feel the neighborhood.”

Miller said. “It’s easy to feel the neighborhood.” An enclave of privacy and luxury that only

An enclave of privacy and luxury that only a few will call home.

Nestled in the prestigious Upper East Side landmark district, 1055 Park Avenue is a true rarity. A new condominium offering five spectacular residences, you will be indulged in exclusivity and privacy.

Two to Four bedroom duplex and triplex condominium residences priced from $6.1 Million

• 421-A Tax abatement

• Crafted by renowned architects and designers

• Private entry and elevator

• Immediate occupancy

• Floor-to-ceiling windows overlooking Park Avenue

• Central Park views available

Open House | Sundays 12pm to 3pm

Sales Office Open Monday - Friday 10am to 6pm or by appointment

Office Open Monday - Friday 10am to 6pm or by appointment Melanie Lazenby, SVP • Dina

Melanie Lazenby, SVP • Dina Lewis, SVP • 212 534 1055 • 1055park.com

The complete offering terms are in an offering plan available from the sponsor file #CD07-0709. Sponsor: IGOC I Park LLC c/o Davis Development Holdings LLC, 425 Madison Avenue, Suite 1700, New York, NY 10017.

Sponsor: IGOC I Park LLC c/o Davis Development Holdings LLC, 425 Madison Avenue, Suite 1700, New
The Best of Everything at The East Side’s Best Address Heated Rooftop Pool • Landscaped

The Best of Everything at The East Side’s Best Address

Heated Rooftop Pool Landscaped Roof Terrace Facing Central Park Residents’ Lounge with Fireplace Dining Room with Catering Kitchen Media Lounge & Card Room Children’s Playroom Teen Game Room On-Site Valet Parking Fitness Center with Terrace 24-Hour Full-Service Concierge Many Homes with Private Terraces Overlooking Central Park

Designed by world-renowned architect, ROBERT A.M. STERN ARCHITECTS, LLP
Designed by
world-renowned architect,
ROBERT A.M. STERN
ARCHITECTS, LLP

Interiors Designed by Andre Kikoski Exquisite Model Homes Furnished by Ligne Roset

Studios with Home Offices from $724,000 One-Bedrooms from $829,000 Two-Bedrooms from $1,375,000 Three-Bedrooms from $1,603,000 Larger Homes Available

With a world of art & culture at your door, THE MUSEUM FOR AFRICAN ART
With a world of art
& culture at your door,
THE MUSEUM
FOR AFRICAN ART
Overlooking Manhattan’s most majestic green space, CENTRAL PARK
Overlooking
Manhattan’s most
majestic green space,
CENTRAL PARK
Along the city’s celebrated Museum Mile, FIFTH AVENUE
Along the city’s
celebrated
Museum Mile,
FIFTH AVENUE

421a-Tax Abatement & LEED Certification Anticipated

421a-Tax Abatement & LEED Certification Anticipated | 212 • 996 • 1280 | 1280FIFTH.COM | By
421a-Tax Abatement & LEED Certification Anticipated | 212 • 996 • 1280 | 1280FIFTH.COM | By

| 2129961280 |

1280FIFTH.COM |

By Appointment Only

The complete offering terms are in an Offering Plan available from Sponsor. File No. CD
The complete offering terms are in an Offering Plan available from Sponsor. File No. CD 08-0486. Obtain the Property Report
required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of
this property. Artistic rendering shown, final results may vary. Equal Housing Opportunity. Advertising by Lorelli Associates.

dbox

Stylishly Green, Elegantly Glenwood The finest Manhattan rentals in the neighborhood of your choice. Near

Stylishly Green, Elegantly Glenwood

Stylishly Green, Elegantly Glenwood The finest Manhattan rentals in the neighborhood of your choice. Near the
Stylishly Green, Elegantly Glenwood The finest Manhattan rentals in the neighborhood of your choice. Near the

The finest Manhattan rentals in the neighborhood of your choice.

Near the Best NYC Public Schools • Unparalleled Service Fitness Center • Children’s Playroom & Swimming Pool • 24-Hour Doorman • Magnificent Lobbies Landscaped Gardens • Exciting City Views Spacious Layouts • Building-Wide Water Filtration Systems • On-Site Parking Garage

1BRs from $2,495

UPPER EAST SIDE

2BRs from $3,895

Conv 3BRs from $4,595

MIDTOWN & UPPER WEST SIDE

2BRs from $4,495

1BRs from $2,995

3BRs from $8,295

TRIBECA & FINANCIAL DISTRICT

1BRs from $3,495

2BRs from $5,195

3BRs Call for Avails

Equal Housing Opportunity
Equal Housing Opportunity

GLENWOOD

BUILDER OWNER MANAGER

UPTOWN LUXURY LEASING OFFICE

212-535-0500

DOWNTOWN LUXURY LEASING OFFICE

212-430-5900

Open 7 days, 10AM-6PM • NO FEE Free parking while viewing apartments

glenwoodnyc.com

The famous

Plaza Hotel.

tHE BEst of tHE UEs

What to Do, Where to Eat

(the best off-the-radar haunts)

By Rachel Morgan

MUsEUMs

At the Metropolitan Museum of Art (1000 5th Ave., 212-535-7710) see a 100-foot long and 50-foot high bamboo installation on the roof, browse through indulgent 1780’s European home decor or spend a free Sunday at the museum listening to exhibit-specific lectures.

Asia Society (725 Park Ave., 212-288-6400) offers a different cultural perspective on art. The museum, led by energetic director Melissa Chiu, offers thousands of artifacts and art from South Asia, Himalaya, Southeast Asia, China, Mongolia, Korea and Japan.

Whitney Museum of Art (945 Madison Ave., 212-570- 3600) offers innovative exhibits like the performative arts-centered Off the Wall and digital art as the

PREMIER

PROPERTIES

NIKKI FIELD

www.NikkiField.com

PREMIER PROPERTIES NIKKI FIELD www.NikkiField.com 721 FIFTH AVENUE: EAST RIVER COOP: $19,500,000 870 UNITED NATIONS PLAZA:

721 FIFTH AVENUE:

PROPERTIES NIKKI FIELD www.NikkiField.com 721 FIFTH AVENUE: EAST RIVER COOP: $19,500,000 870 UNITED NATIONS PLAZA:

EAST RIVER COOP:

$19,500,000

721 FIFTH AVENUE: EAST RIVER COOP: $19,500,000 870 UNITED NATIONS PLAZA: $4,500,000 785 FIFTH AVENUE:

870 UNITED NATIONS PLAZA: $4,500,000

COOP: $19,500,000 870 UNITED NATIONS PLAZA: $4,500,000 785 FIFTH AVENUE: $3,900,000 35 WEST 54TH STREET: $1,900,000

785 FIFTH AVENUE:

$3,900,000

NATIONS PLAZA: $4,500,000 785 FIFTH AVENUE: $3,900,000 35 WEST 54TH STREET: $1,900,000 $45,000/month 1 WEST 67TH

35 WEST 54TH STREET:

$1,900,000

$45,000/month

$3,900,000 35 WEST 54TH STREET: $1,900,000 $45,000/month 1 WEST 67TH STREET: $7,500,000 205 WEST 57TH STREET:

1 WEST 67TH STREET:

$7,500,000

$1,900,000 $45,000/month 1 WEST 67TH STREET: $7,500,000 205 WEST 57TH STREET: $4,500,000 417 PARK AVENUE: $3,600,000

205 WEST 57TH STREET:

$4,500,000

67TH STREET: $7,500,000 205 WEST 57TH STREET: $4,500,000 417 PARK AVENUE: $3,600,000 870 UNITED NATIONS PLAZA:

417 PARK AVENUE:

$3,600,000

205 WEST 57TH STREET: $4,500,000 417 PARK AVENUE: $3,600,000 870 UNITED NATIONS PLAZA: $1,775,000 EAST SIDE

870 UNITED NATIONS PLAZA: $1,775,000

EAST SIDE BROKERAGE

I

sothebyshomes.com/nyc

38 EAST 61ST STREET, NEW YORK, NY 10065

NIKKI FIELD SENIOR VICE PRESIDENT, ASSOCIATE BROKER T 212.606.7669 I nikkifield.com

Sotheby’s International Realty, Inc. is owned and operated by NRT LLC. Sotheby’s International Realty ® is a registered trademark.

International Realty ® is a registered trademark. 535 PARK AVENUE: $3,975,000 136 EAST 64TH STREET: $1,999,000
International Realty ® is a registered trademark. 535 PARK AVENUE: $3,975,000 136 EAST 64TH STREET: $1,999,000

535 PARK AVENUE:

$3,975,000

® is a registered trademark. 535 PARK AVENUE: $3,975,000 136 EAST 64TH STREET: $1,999,000 444 EAST

136 EAST 64TH STREET:

$1,999,000

is a registered trademark. 535 PARK AVENUE: $3,975,000 136 EAST 64TH STREET: $1,999,000 444 EAST 57TH

444 EAST 57TH STREET:

$1,250,000

is a registered trademark. 535 PARK AVENUE: $3,975,000 136 EAST 64TH STREET: $1,999,000 444 EAST 57TH

amaianos

Exciting Neighborhoods. Great Rentals. No Fee. For over 30 years, we’ve been helping New Yorkers
Exciting
Neighborhoods.
Great Rentals.
No Fee.
For over 30 years, we’ve been helping
New Yorkers live well in the
world’s greatest city.
With a long tradition
of offering homes in
the finest buildings,
Bettina Equities is
known for prices
that make Manhattan
living within reach.
Attractive studios
to spacious three-
bedroom duplexes
and triplexes
in the most desired
neighborhoods:
Upper East Side
Upper West Side
Clinton
Murray Hill
Gramercy Park
Union Square
East Village
With over 40 properties and more than
2,000 units throughout Manhattan, we
help people find apartments they love,
in the neighborhoods they prefer.
Bettina Equities Rental Office
227 East 85th Street, New York, NY 10028
Monday - Friday 9AM - 7PM
Saturday and Sunday 10AM - 6PM
www.BettinaEquities.com
212-744-3330

The Guggenheim

Museum.

centerpiece for Artport - definitely different from anything you’ve seen within the confines of a traditional museum.

The Frank Lloyd Wright-designed Guggenheim Museum (1071 5th Ave., 212-423-3500) can definitely be considered a piece of art from the outside but there’s good stuff on the inside too. Explore the influences of Cubism and Cubo-Futurism at the new exhibit, Broken Forms: European Modernism from the Guggenheim Collection or explore the many shades of gray at Julie. Mehretu’s Grey Area.

The Frick Collection (1 East 70th St., 212-288-0700) showcases some of Europe’s most celebrated paintings – all in Henry Clay Frick’s former 5th Ave. mansion. Really makes you nostalgic for the time when living quarters weren’t the size of a Frye boot shoebox.

El Museum Del Barrio (1230 5th Ave., 212-831-7272) is certainly not your typical museum. Situated on the edge of Spanish Harlem and a center of Latino culture and art with vibrant, exciting exhibitions.

The Jewish Museum (1109 5th Ave., 212-423-3200) offers a wide variety of exhibitions this fall, from a collection of lamps designed by famed architect Frank Gehry in Fish Forms: Lamps by Frank Gehry, to the remaking of a documentary of radical Shulamith Firestone by artist Elisabeth Subrin to a collection of 800 paintings, artifacts and photographs in Culture and Continuity: The Jewish Journey, one of the museum’s permanent collections.

LandMaRks

92nd St. YMCA (1395 Lexington Ave., 212-415-5500) has become an Upper East Side staple, offering everything from exercise classes to dance performances to lectures from big names like Katie Couric, Tony Blair and Nora Ephron.

The New York Public Library (368 East 67th St., 212- 734-1717) offers much more than just books for loan. Enroll in a computer class, have your kids join a summer

MANHATTAN PROPERTIES Local Experts Worldwide 116 EAST 70TH STREET: Extraordinary triple mint townhouse off Park

MANHATTAN

PROPERTIES

MANHATTAN PROPERTIES Local Experts Worldwide 116 EAST 70TH STREET: Extraordinary triple mint townhouse off Park Avenue

Local Experts Worldwide

MANHATTAN PROPERTIES Local Experts Worldwide 116 EAST 70TH STREET: Extraordinary triple mint townhouse off Park Avenue

116 EAST 70TH STREET: Extraordinary triple mint

townhouse off Park Avenue on exquisite block. Living room and library with grand bow windows. 5 bed- rooms, elevator, 2 terraces, garden. $26,000,000.WEB:

NYO0017310. Louise Beit, 212.606.7703

$26,000,000.WEB: NYO0017310. Louise Beit, 212.606.7703 135 WEST 69TH STREET: New. Completely reno- vated 19’

135 WEST 69TH STREET: New. Completely reno-

vated 19’ wide, 5-story home with soaring ceilings, 5 bedrooms, fabulous eat-in kitchen, planted garden and a recording studio. $9,000,000.WEB: NYO0017323. Roger Erickson, 212.606.7612

$9,000,000.WEB: NYO0017323. Roger Erickson, 212.606.7612 THE PRASADA, 50 CPW: This rare corner premier co-op boasts

THE PRASADA, 50 CPW: This rare corner premier

co-op boasts 11’ ceilings, 46’ of Central Park frontage, northern outlooks.An oversized master bedroom and

2 additional bedrooms, 3 baths. $6,000,000.WEB:

NYO0017123. Roberta Golubock, 212.606.7704

$6,000,000.WEB: NYO0017123. Roberta Golubock, 212.606.7704 112 WEST 56TH STREET: Triple mint penthouse, 2 bedrooms, 2

112 WEST 56TH STREET: Triple mint penthouse,

2 bedrooms, 2 1 2 baths full-service boutique condo

with large South-facing terrace. Luxurious finishes. $1,995,000.WEB: NYO0017078. Donna Senko, 212.606.7785,William Hilliard, 212.606.7689

Donna Senko, 212.606.7785,William Hilliard, 212.606.7689 740 PARK AVENUE: Immense 15-room duplex in coveted prewar

740 PARK AVENUE: Immense 15-room duplex in

coveted prewar coop. Features soaring ceilings, sunny southern exposures, and 4 large bedrooms with ensuite baths. $26,000,000.WEB: NYO0016023. Meredyth Smith, 212.606.7683, Serena Boardman, 212.606.7611

Meredyth Smith, 212.606.7683, Serena Boardman, 212.606.7611 31 SUTTON PLACE: Beautifully renovated private home with

31 SUTTON PLACE: Beautifully renovated private home with crown moldings, high ceilings, landscaped garden. Full-floor master bedroom plus 4 additional bedrooms. $7,500,000.WEB: NYO0017102. Dorothy Sexton, 212.606.7608, Pauline Evans, 212.400.8740

Dorothy Sexton, 212.606.7608, Pauline Evans, 212.400.8740 136 EAST 79TH STREET: Elegance and refinement characterize

136 EAST 79TH STREET: Elegance and refinement

characterize this gracious 8-room home, 3-4 bed-

rooms, 3 baths, 4 fireplaces, floor-to-ceiling windows,

3 exposures. $5,900,000.WEB: NYO0017126. Valerie Sherman, 212.606.7684

$5,900,000.WEB: NYO0017126. Valerie Sherman, 212.606.7684 176 BROADWAY: Sprawling 1,900± sq ft loft with 9+’

176 BROADWAY: Sprawling 1,900± sq ft loft with

9+’ ceilings offers top quality and unlimited flexibility.

3 bedrooms, 1 1 2 baths, eat-in chef’s kitchen, virtually unlimited storage. $1,195,000 WEB: NYO0017012. John Olsen, 212.606.7779

$1,195,000 WEB: NYO0017012. John Olsen, 212.606.7779 119 EAST 78TH STREET: The George Abbott and Katherine Dodge

119 EAST 78TH STREET: The George Abbott

and Katherine Dodge Brownell house. 4 stories, 18.9’ wide brownstone with 5 bedrooms, garden. $9,900,000.WEB: NYO0016468. Stan Ponte, 212.606.4109, Robin Reardon, 212.606.4118

Stan Ponte, 212.606.4109, Robin Reardon, 212.606.4118 40 EAST 66TH STREET: New.Triple-mint 3-bed- room prewar

40 EAST 66TH STREET: New.Triple-mint 3-bed- room prewar condo, living room with fireplace, for- mal dining room, sun-drenched master bedroom, eat-in chef’s kitchen. $6,950,000.WEB: NYO0017272. Roger Erickson, 212.606.7612

$6,950,000.WEB: NYO0017272. Roger Erickson, 212.606.7612 CHELSEA CONDO WITH GARDEN TERRACE: Abundance of natural

CHELSEA CONDO WITH GARDEN TERRACE:

Abundance of natural light, flexible accommodation and newly landscaped terrace. 2 bedrooms, 2 1 2 baths, 10’ ceilings, private storage. $2,890,000.WEB:

NYO0017267. Eric Roche, 212.606.7769

$2,890,000.WEB: NYO0017267. Eric Roche, 212.606.7769 575 PARK AVENUE: Superb primary or pied-a-terre residence

575 PARK AVENUE: Superb primary or pied-a-terre residence in lovely condition overlooking Park Avenue. 2 bedrooms, 2 baths. Maintenance includes utilities and maid’s service. $1,075,000.WEB:

NYO0016500. Louise Beit, 212.606.7703

MANHATTAN BROKERAGES

I

sothebyshomes.com/nyc

EAST SIDE

DOWNTOWN

38 EAST 61ST STREET, NEW YORK, NY 10065 T 212.606.7660

F 212.606.7661

379 WEST BROADWAY, NEW YORK, NY 10012 T 212.431.2440

F 212.431.2441

BROADWAY, NEW YORK, NY 10012 T 212.431.2440 F 212.431.2441 Sotheby’s International Realty, Inc. is owned and

Sotheby’s International Realty, Inc. is owned and operated by NRT LLC. Sotheby’s International Realty ® is a registered trademark. Farm of Jas de Bouffan, used with permission.

cresny

The Metropolitan Museum of Art

reading program or even trace your family’s roots with a genealogy course. (Check your local branches for specific classes and times available.)

The Goethe-Institute (1014 5th Ave., 212-352-3101) is the go-to place for embracing German culture with art exhibits or language classes. Another plus, the neighborhood was once home to many German immigrants and there are a plethora of authentic German restaurants where you can score a pint of cold German beer or a plate of sauerkraut.

Marymount Manhattan College’s (221 East 71st St., 212- 517-0400) theater is a great alternative if you’re itching to see a live production but don’t want to shell out the big bucks for a Broadway show. Shows Marymount’s students have performed in the past include Field of Dreams, Wicked, The Lion King, Little Shop of Horrors, In Living Color and many more. (Call for specific shows availability and performance times.)

Carl Schurz Park (East End Ave. to the East River, East 84th-E 90th Sts.) is perfect if you need some green space but want to avoid the hustle and bustle of Central Park. This hidden gem has great views of Randall’s Island, Gracie Mansion, Ward Island and the East River.

Central Park Conservatory Garden (Enter at 5th Ave. and 105th St.) is the perfect alternative to public parks that can be noisy and crowded. The garden is a quiet zone, which means no musical instruments, radios without headphones, bikes or unleashed pets. The six-acre formal garden is divided into three sections – French, English and Italian styles. (8 a.m.-dusk.)

John Jay Park and Pool (FDR from East 76th-78th Sts.) offers various activities for families with kids. The 3,000- acre park boasts basketball courts and a 145-foot pool – a hot commodity in the steamy summer months.

When in doubt, you can always head to Central Park, where there’s always something to do. Admire the famed Alice in Wonderland statue, rent a sailboat to sail

on Conservatory Pond or simply lounge on the park’s countless well-maintained grassy areas and stare at the clouds. Trust us, your inner child will thank you.

REstaURants

JG Melons (1291 Third Ave., 212-744-0585) is an iconic New York burger joint and its affordable fare - $8.50 burgers and $3.95 fries – are a great dinner or late-night snack.

The Stumble Inn (1454 Second Ave., 212-650-0561) is the ultimate venue to channel your inner frat guy – guzzle a few beers, watch some Monday-night football and munch on one of the bar’s famous stuffed burgers ($9.95.)

Sample the legendary beer selection at the Kinsale Tavern (1672 3rd Ave., #93. 212-348-4370.)

The Oak Room at the Plaza Hotel (10 Central Park South, 212-758-7777) provides an upscale dining experience at one of the city’s most renowned hotels. Living up to its name, the restaurant has been fully restored to its former glory and features intricate oak wall and booth carvings. Trust us, it’s worth seeing, although the menu is a bit pricey.

The Roof Garden Café (1000 5th Ave., 212-535-7710) at the Met is one of those quintessential New York places every New Yorker should go to at least once – and maybe more than once. Enjoy a quiet lunch among sculpture and the garden and maybe splurge on a drink at lunch. How very British of you.

In the mood for a stiff drink? Mustang (1633 2nd Ave., 212-744-9194) is for tequila lovers only. Our recommendation? The Mustang Margarita.

Zaza (1207 1st Ave., 212-772-9997) is the Upper East Side’s resident French eatery. Try the ravioli or risotto of the day, paired with sangria, of course.

Famous

restaurants.

Luxury living never looked so good.

Luxury living never looked so good. Attainable. Accessible. Available. Azure. • Private roof deck with spectacular
Luxury living never looked so good. Attainable. Accessible. Available. Azure. • Private roof deck with spectacular
Luxury living never looked so good. Attainable. Accessible. Available. Azure. • Private roof deck with spectacular
Luxury living never looked so good. Attainable. Accessible. Available. Azure. • Private roof deck with spectacular

Attainable. Accessible. Available. Azure.

• Private roof deck with spectacular views

• State-of-the-art fitness center

• Full-time concierge

• 20-year tax benefit

• Immediate financing available 80% loan to value

601 SF STUDIOS FROM $520K TO 2,517 SF 4 BR’s FROM $2.5M

601 SF STUDIOS FROM $520K TO 2,517 SF 4 BR’s FROM $2.5M the color of life

the color of life

FROM $520K TO 2,517 SF 4 BR’s FROM $2.5M the color of life 212.828.4848 www.AzureNY.com 333

212.828.4848

www.AzureNY.com

333 East 91 st Street at First Avenue ON-SITE SAlES & DESIgN CENTEr

Another fine development by

SAlES & DESIgN CENTEr Another fine development by The complete offering terms are available in an

The complete offering terms are available in an offering plan available from Sponsor. File No. CD07-0555. Sponsor: 1765 First Associates, LLC, 820 Elmont Rd., Elmont, NY 11003. We are pledged to the letter and the spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation.

The

Neighborhood Expert

Jacky Teplitzky

Managing Director, Prudential Douglas Elliman

By Rachel Morgan

J acky Teplitzky, a

managing director at

Prudential Douglas

Elliman, is something of a company legend. Teplitzky started off as an underdog in the industry, but after 14 years of working mostly on the Upper East Side, she has emerged as a real neighborhood expert – and also earned her company’s Legend Award in 2008. Teplitzky shares her insider view on the Upper East Side’s market, pricing and advice for buyers.

Q: How did you get in to residential real estate? JT: It was an interesting situation. Basically I was looking to buy my own apartment [on the Upper East Side] when I was engaged to be married. I started to look around, started to look at real estate and I saw that it was a majority of women that were in this business, but most of them were doing it part time or as supplemental income to their spouses’ main income. I came from a corporate background, I was the managing director of a large corporation and basically I said to myself, what will happen if I brought my corporate skills to real estate? And I thought that somebody would be able to make a lot of money out of real estate – if you do it right. And there was one broker specifically who was showing me an apartment and said to me, ‘You know Jacky, if you ever think about a career change, you should think about real estate.’

Q: What are some of your career accolades or biggest accomplishments? JT: I think that my biggest

accomplishment is that when I started in the business, no one wanted to hire me, including the company that I’m working for now. [They] never returned my phone calls and the reason for that was because at that time, real estate was all about who you know, who are your social contacts – and I was an outsider. I was born in Santiago, Chile, I was raised in Israel. So everybody [asked] me, who are you going to sell real estate to? You don’t know anybody in New York. You don’t have children going to private school. You didn’t go to private school. You didn’t go to college here. At that time, it was 1996, it was all about who do you know. I was incredibly turned off by the whole thing. I thought, I am a managing director of a multi national company, I speak four languages – and I cannot get into real estate? I think that my biggest accomplishment was that everybody told me that I was going to fail.

do you show most often? JT: All throughout, from 57th to 96th streets. Basically what people are looking for now is space – basically the area that is considered the Upper East Side has expanded. When I first starting selling in the Upper East Side, people used to tell you, ‘I will not cross 86th St.’ Anything above 86th St. was considered no man’s land. And now, nobody even thinks about going into the 90’s.

Q: How would you describe the real estate market on the Upper East Side? JT: Eclectic, because you have everything. You can find the studio - 400-square feet for $400,000; and you can find a mansion that we just sold off of 5th Ave. for $45 million. So you have everything for

everybody. You have the very, very high end and you also have starter apartments.

Q: Are prices up or down on the Upper East Side now, compared to 2007? JT: From 2007, the whole market is down, not only on the Upper East Side. What we have to take into consideration is that some areas got hit [harder] than others. But I don’t think it depends so much on geographic area, it’s more about the type of apartment. You have more 1-bedrooms available than 3-bedrooms, the reason for that is because of the inventory that is available in the marketplace in New York in general. Overall, we have had the market correction, but now we [are in] more of a stabilization mode.

Q: What neighborhoods are hot in the Upper East Side now? JT: There is more value now, if you go into the upper 90’s, you will get more for your money, more space for your money, than if you go to the 60’s or 70’s.

for your money, than if you go to the 60’s or 70’s. Q: What’s the most

Q: What’s the most challenging part of your job? JT: To keep everybody happy. Everybody always has something to say, to basically criticize what you’re doing. Sellers thinking that you are not doing enough for them, buyers thinking that you are not representing their best interests. You have to keep knowing every single minute of the day what is going on in the marketplace so you can advise your client in the best possible way.

Q: Is the Upper East Side real estate market on an upswing? JT: I would say that we are in a stabilized mode, not in an upswing right now. I’m not seeing price increases. I’m seeing the prices stabilize.

Q: How would you rate the Upper East Side in terms of demand? JT: High demand. Absolutely.

Q: In what areas of the Upper East Side

Making scents of Lincoln Center, fashion’s new home. 680 MADISON AVENUE I 897 MADISON AVENUE

Making scents of Lincoln Center, fashion’s new home.

680 MADISON AVENUE I 897 MADISON AVENUE I 9 BOND STREET 399 BLEECKER STREET I BONDNO9 .COM I 1.877.273.3369

Upper East Side

NEw DEvELopMENt DirECtorY

The following is a list of new developments currently on the market in the Upper East Side. More information can be found in the New Development Directory available on StreetEasy.com.

Carnegie Hill

Landmark Name

Street Address

Total Units

Property Type

New Construction?

1055 Park Avenue

5

Condo

New Construction

180

East 93rd Street

9

Condo

New Construction

Lenox Hill

Landmark Name

Street Address

Total Units

Property Type

New Construction?

The Blake

220 East 63rd Street

182

Rental

Conversion

Manhattan House

200 East 66th Street

556

Condo

Conversion

40 East 66th Street

33

Condo

Conversion

The Laurel

400 East 67th Street

128

Condo

New Construction

Trump Park Avenue

502 Park Avenue

120

Condo

Conversion

Upper East Side

 

Landmark Name

Street Address

Total Units

Property Type

New Construction?

255

East 74th Street

81

Condo

New Construction

The Charles

1355 First Avenue

45

Condo

New Construction

Barbizon/63

140 East 63rd Street

65

Condo

Conversion

The Lucida

151 East 85th Street

110

Condo

New Construction

Merritt House

167 East 8vd Street

38

Condo

Conversion

The Mark

25 East 77th Street

10

Cond-Op

Conversion

300

East 79th

40

Condo

New Construction

Isis

303 East 77th Street

32

Condo

New Construction

Miraval Living

515 East 72nd Street

365

CondO

Conversion

995

Fifth Avenue

26

Land-Lease Co-Op

Conversion

Carnegie Hill Place

1510 Lexington Avenue

298

Rental

New Construction

Yorkville

Landmark Name

Street Address

Total Units

Property Type

New Construction?

The Brompton

205 East 85th Street

163

Condo

New Construction

Georgica

305 East 85th Street

58

Condo

New Construction

306

East 82nd Street

7

Condo

New Construction

Azure

333 East 91st Street

128

Land-Lease Co-Op New Construction

Century Tower

400 East 90th Street

128

Condo

Conversion

MARKET STATISTICS PROvIDED BY

MARKET STATISTICS PROvIDED BY Website Sales Office Tel 212-534-1055 www.1055park.com 212-439-5183 www.180e93.com Sales
Website
Website
MARKET STATISTICS PROvIDED BY Website Sales Office Tel 212-534-1055 www.1055park.com 212-439-5183 www.180e93.com Sales

Sales Office Tel

212-534-1055 www.1055park.com 212-439-5183 www.180e93.com

Sales Office Tel

212-758-6363 www.blake63.com 212-566-0660 www.manhattanhouse.com 212-734-4066 www.40east66.com 212-750-5550 www.laurelcondominium.com 212-355-2500 www.trumpparkavenue.com

Website

Website

212-249-1221 www.255east74.com 212-317-3681 www.thecharlesny.com 212-418-2094 www.barbizon63.com 888-521-3687 www.thelucida.com 212-734-8282 www.themerritthouse.com 212-772-1600 www.themarkhotel.com 212-452-1300 www.300east79.com 212-732-0372 www.isiscondo.com 212-772-2722 www.515e72.com 212-570-9950 www.995fifthave.com 212-348-0500 www.1510lex.com

Sales Office Tel

Sales Office Tel

212-249-8505 www.thebromptonnyc.com 212-988-8511 www.georgicalife.com 212-321-7150 www.prudentialelliman.com 212-828-4848 www.azureny.com 212-987-0090 www.centurytowercondo.com

Website

MArkEt SNApSHot

Below is a market snapshot as of September 15, 2010 of what is currently available for sale and rent.

ALL UppEr EASt SiDE MArkEt SNApSHot

SALES

 

RENTALS

 

Type

#Listings

Price

Type

#Listings

Price

Studio

237

$385,000

Studio

245

$1,900

1 BR

789

$599,000

1 BR

571

$2,575

2 BR

683

$1,420,000

2 BR

326

$4,097

3 BR

372

$2,982,500

3

BR

109

$6,995

4+ BR

250

$6,097,500

4+ BR

52

$16,875

LENox HiLL MArkEt SNApSHot

 

SALES

 

RENTALS

 

Type

#Listings

Price

Type

#Listings

Price

Studio

93

$395,000

Studio

58

$2,195

1 BR

230

$649,000

1 BR

136

$3,097

2 BR

232

$1,695,000

2 BR

85

$6,500

3

BR

103

$3,030,000

3 BR

38

$10,025

4+ BR

81

$7,095,000

4+ BR

15

$18,500

YorkviLLE MArkEt SNApSHot

 

SALES

 

RENTALS

 

Type

#Listings

Price

Type

#Listings

Price

Studio

60

$369,250

Studio

99

$1,650

1 BR

227

$549,000

1 BR

240

$2,325

2 BR

135

$985,000

2 BR

117

$2,600

3 BR

72

$1,800,000

3 BR

31

$5,250

4+ BR

54

$4,300,000

4+ BR

15

$11,000

UppEr EASt SiDE MArkEt SNApSHot

 

SALES

 

RENTALS

 

Type

#Listings

Price

Type

#Listings

Price

Studio

73

$365,000

Studio

61

$1,850

1 BR

267

$639,000

1 BR

159

$2,695

2 BR

227

$1,495,000

2 BR

104

$4,400

3

BR

137

$3,200,000

3

BR

25

$6,000

4+ BR

82

$9,900,000

4+ BR

13

$17,500

CArNEgiE HiLL MArkEt SNApSHot

 

SALES

 

RENTALS

 

Type

#Listings

Price

Type

#Listings

Price

Studio

10

$624,000

Studio

27

$2,550

1 BR

64

$587,500

1 BR

37

$2,795

2 BR

85

$1,395,000

2 BR

20

$4,087

3 BR

61

$3,220,000

3 BR

16

$7,028

4+ BR

32

$4,937,500

4+ BR

10

$19,000

Prices indicates median values.

Upper East Side

CLoSiNg priCES

MARKET STATISTICS PROvIDED BY

Upper East Side CLoSiNg priCES MARKET STATISTICS PROvIDED BY The table below presents recorded sales data
Upper East Side CLoSiNg priCES MARKET STATISTICS PROvIDED BY The table below presents recorded sales data

The table below presents recorded sales data of condos, co-ops and townhouses in Manhattan and within the Upper East Side market. Data is from August 2008, 2009, and 2010. In All of the Upper East Side major market, the volume of transactions this last month have increased since August 2009 and have even returned to August 2008 levels. Median prices have shown dramatic gains compared to the prior year and compared to August 2008, with the exception of Lenox Hill where median prices were down by 1.9% compared to 2008.

August recorded Sales

recorded sales of condos, co-ops or houses in manhattan (as of 09/15/2010)

in Manhattan

Closed on

Closing Count

Median price

Average price

August 2008

1,414

843,250

1,577,547

August 2009

1,143

787,500

1,245,659

August 2010

1,009

880,000

1,438,194

August 2010 v.

August 2009

-11.7%

11.7%

15.5%

August 2008

-28.6%

4.4%

-8.8%

in All Upper East Side

Closed on

Closing Count

Median price

Average price

August 2008

219

850,000

1,789,000

August 2009

209

805,816

1,702,205

August 2010

225

1,050,000

1,761,291

August 2010 v.

August 2009

7.7%

30.3%

3.5%

August 2008

2.7%

23.5%

-1.5%

in Carnegie Hill

Closed on

Closing Count

Median price

Average price

August 2008

25

999,000

2,674,270

August 2009

22

2,112,500

2,836,511

August 2010

30

1,325,000

1,981,266

August 2010 v.

August 2009

36.4%

-37.3%

-30.2%

August 2008

20.0%

32.6%

-25.9%

in Lenox Hill

Closed on

Closing Count

Median price

Average price

August 2008

56

993,805

1,477,224

August 2009

38

715,000

2,022,062

August 2010

65

975,000

1,435,526

August 2010 v.

August 2009

71.1%

36.4%

-29.0%

August 2008

16.1%

-1.9%

-2.8%

in Upper East Side

Closed on

Closing Count

Median price

Average price

August 2008

68

958,760

2,393,656

August 2009

72

1,014,999

1,801,993

August 2010

54

1,412,500

2,848,737

August 2010 v.

August 2009

-25.0%

39.2%

58.1%

August 2008

-20.6%

47.3%

19.0%

in Yorkville

Closed on

Closing Count

Median price

Average price

August 2008

70

681,000

1,134,873

August 2009

77

625,000

1,126,958

August 2010

76

887,500

1,180,413

August 2010 v.

August 2009

-1.3%

42.0%

4.7%

August 2008

8.6%

30.3%

4.0%

Upper East Side

AUgUSt ASkiNg priCES

MARKET STATISTICS PROvIDED BY

East Side AUgUSt ASkiNg priCES MARKET STATISTICS PROvIDED BY Below is a market snapshot of listings
East Side AUgUSt ASkiNg priCES MARKET STATISTICS PROvIDED BY Below is a market snapshot of listings

Below is a market snapshot of listings that were available in August 2008, 2009, and 2010.

East Side asking median prices have fallen but not nearly as much as the overall Manhattan market. There were fewer listings with price cuts in August 2010 than the year prior. Price cuts this past month have not been as deep as the year prior, showing an increase in seller optimism and buyer interest.

August Market Snapshot

Upper

 

LisTing

AverAge

MediAn

decreAse

%-Age of

AverAge

counT

Price

Price

counT

LisTings

decreAse

 

in MAnhATTAn Active on 2008M08* Active on 2009M08* Active on 2010M08*

wiTh cuTs

PercenT

8,724

2,281,157

1,213,750

2,213

25.37%

5.79%

11,309

2,034,046

1,075,000

3,788

33.50%

7.28%

10,383

2,012,391

961,824

3,322

31.99%

6.24%

August 2010 v.

Aug-09

-8.2%

-1.1%

-10.5%

-12.3%

Aug-08

in ALL of ues Active on 2008M08 * Active on 2009M08* Active on 2010M08*

19.0%

-11.8%

-20.8%

50.1%

1,839

3,267,727

1,399,000

555

30.18%

5.96%

2,493

2,634,492

1,200,000

903

36.22%

7.34%

2,276

2,791,917

1,175,000

823

36.16%

6.48%

August 2010 v.

Aug-09

-8.7%

6.0%

-2.1%

-8.9%

Aug-08

in cArnegie hiLL Active on 2008M08* Active on 2009M08* Active on 2010M08*

23.8%

-14.6%

-16.0%

48.3%

182

3,864,560

1,995,000

63

34.62%

5.93%

280

3,045,167

1,635,000

107

38.21%

7.76%

255

3,535,680

1,725,000

82

32.16%

5.44%

August 2010 v.

Aug-09

-8.9%

16.1%

5.5%

-23.4%

Aug-08

in Lenox hiLL Active on 2008M08* Active on 2009M08* Active on 2010M08*

40.1%

-8.5%

-13.5%

30.2%

544

4,458,971

1,695,000

162

29.78%

5.95%

731

3,338,855

1,449,000

279

38.17%

7.53%

698

3,450,214

1,300,000

247

35.39%

6.15%

August 2010 v.

Aug-09

-4.5%

3.3%

-10.3%

-11.5%

Aug-08

in uPPer eAsT side Active on 2008M08* Active on 2009M08* Active on 2010M08*

28.3%

-22.6%

-23.3%

52.5%

591

3,535,277

1,585,000

173

29.27%

6.53%

887

2,823,953

1,295,000

303

34.16%

7.81%

821

2,949,256

1,350,000

310

37.76%

7.63%

August 2010 v.

Aug-09

-7.4%

4.4%

4.2%

2.3%

Aug-08

in YorkviLLe Active on 2008M08* Active on 2009M08* Active on 2010M08*

38.9%

-16.6%

-14.8%

79.2%

520

1,515,376

884,000

156

30.00%

5.29%

593

1,292,780

795,000

213

35.92%

6.17%

500

1,240,481

695,000

183

36.60%

5.42%

August 2010 v.

Aug-09

-15.7%

-4.0%

-12.6%

-14.1%

Aug-08

-3.8%

-18.1%

-21.4%

17.3%

*2008MO8=(08/01-08/31/2008); *2009M08=(08/01-08/31/2009); *2010M08=(08/01-08/31/2010)

chris hondros, getty images

Bernie Madoff.

tHE BEst of tHE UEs

Top 10

Scandals on the Upper East Side

By Emily Canal & Rachel Morgan

1 The Upper East Side is known for spending and luxury and UES resident former governor Eliot

Spitzer is no exception – according to multiple news sources, he spent an estimated $80,000 on prostitutes over several years, a blunder that cost him the governorship of New York and a one-way ticket to reality television stardom.

2 Maybe it’s something about the governors. New York Governor David Paterson also found himself in hot

water with authorities this year – the governor is now in the midst of a witness tampering scandal after a woman filed abuse charges against David Johnson, one of Paterson’s staffers. After hearing of the charges, the governor took the matter into his own hands - Paterson was accused of calling the woman and talking her into dropping the case. When the incident was publicized in

February 2010, he decided to drop his campaign for reelection.

3 Karma can be nasty, especially when Christie’s auction house publicly displays your mistakes. Last

June, the art collection of disgraced Upper East Side dealer Lawrence Salander went up for sale – the liquidation of his assets was part of a plan by the U.S. Bankruptcy Court after the once-famed art dealer plead guilty to grand larceny and fraud totaling over $120 million, charges that earned him 18 years in prison.

4 Not surprisingly, good old Bernie Madoff is one of the top ten scandals on the Upper East Side. The former

NASDAQ chairman pled guilty in March 2009 to stealing an estimated $64.8 billion from investors in a Ponzi scheme of monumental size. Some of Madoff’s high-profile clients

included New York Mets owner Fred Wilpon, former Philadelphia Eagles owner Norman Braman and several banks abroad. Madoff was sentenced to 150 years in prison.

5 In October 2009, Late Show comedian and Upper East Side resident David Letterman made

an unusually serious statement on his late night TV show. He admitted to joining the league of Tiger Woods and Jude Law by having an extramarital affair after CBS producer Robert Halderman attempted to blackmail him for $2 million. While Letterman got off with just an on-air apology, Halderman earned a not-so-funny six months in jail.

6 Kenneth Starr was arrested and charged in May 2010 with operating a Madoff- like Ponzi scheme. Starr

(not same Starr who investigated

All Around the World Seven Days a Week

1-888-236-3055
1-888-236-3055

COMMerCIAL reSIDeNTIAL fINe ArT STOrAGe

212-787-9855

718-292-6634

ASk AbOUT OUr MONThLy prOMOTION!

www.tlc-moving.com

MOVING SOLUTIONS

fINe ArT STOrAGe 212-787-9855 718-292-6634 ASk AbOUT OUr MONThLy prOMOTION! www.tlc-moving.com MOVING SOLUTIONS
fINe ArT STOrAGe 212-787-9855 718-292-6634 ASk AbOUT OUr MONThLy prOMOTION! www.tlc-moving.com MOVING SOLUTIONS
fINe ArT STOrAGe 212-787-9855 718-292-6634 ASk AbOUT OUr MONThLy prOMOTION! www.tlc-moving.com MOVING SOLUTIONS
fINe ArT STOrAGe 212-787-9855 718-292-6634 ASk AbOUT OUr MONThLy prOMOTION! www.tlc-moving.com MOVING SOLUTIONS

stephen lovekin, alex wong, getty images

Patterson and

Dinkins.

President Clinton) operated a $30 million Ponzi scheme by using funds from big-name clients like Uma Thurman and Steve Brill to buy his own swanky triplex on – where else? – the Upper East Side. He then proceeded to move into the apartment with his wife – a former stripper at Scores. Oh, sweet clichés, how we love you. Starr had also previously managed funds of several A-list clients such as Al Pacino, Wesley Snipes and Annie Leibovitz – who claimed the crooked investor was a main reason in her very public financial issues.

7 Rep. Charles Rangel, representative for New York’s 15th District, which includes part of the Upper

Rangel.
Rangel.

East Side is still running for reelection in November, despite being in the midst of an ethics trial stemming from a laundry list of accusations, including failure to pay taxes on his Caribbean real estate, underreporting his income and assets, renting four rent-stabilized apartments for personal use, improper use of official House stationery, and the like. And the amount of evidence to back up these charges is large, to say the least. Looks like Rangel is going to get wrangled – by tax officials, that is.

8 It seems the Catholic clergy are no longer the only ones under the microscope. In August, Buddhist teacher

Eido Shimano, was accused by several sources of having extramarital affairs with both his students and

other women. Shimano, the head spiritual teacher at the Zen Studies Society on east 67th St., had for

years been suspected of cheating on his wife, but the accusations only came to light when the so-called “Aitken Papers” were revealed

– Robert Aitken, founder of the

Buddhist Peace Fellowship, had kept

a file on Shimano from 1964 to 2003,

detailing interviews with women who had had affairs with the Buddhist teacher. Shimano has since resigned

from his board of directors and will remain in his position as head spiritual teacher until 2012. Not surprisingly, he will not be given any new students.

9 Former New York City Rudy Giuliani was a mayor who fully embraced the Broken Window Theory – cutting

down on petty crime, subway offenses and vandalism as the stepping-stone to a better, safer New York. So it was a big shock to the New Yorkers everywhere when Giuliani’s daughter, Caroline Giuliani, 20, a Harvard student, was picked up this summer for shoplifting $100 worth of makeup from the Sephora on East 86th St., near where she lived with her mother, Donna Hanover. Young Giuliani received community service for her youthful indiscretion.

10 Apparently you can’t trust anyone anymore – not even your dog walker. On Aug. 11,

Upper East Side dog walker Felipe Domingues, pleaded not guilty to filching more than $90,000 in jewelry from his clients’ Upper East Side apartments. He’s accused of taking jewels from three different homes. He remains in custody and maintains his innocence.

The food is scintillating and the service exemplary. —The New York Times Dependably superior for

The food is scintillating and the service exemplary. —The New York Times

Dependably superior for very grown-up dining … “Solicitous” service led by engaging owner, George Briguet. —Zagat 2003

Open 7 days for lunch and dinner • Room available for private parties View our award-winning wine list on our website: www.leperigold.com

405 East 52nd Street • New York, NY 10022

(212) 755-6244

www.leperigord.com

Advertisers DIRECTORY

1055 PARk AvEnuE

1055 PARk AvEnuE Introducing 1055 Park Avenue , spectacular two to four bedroom duplex and triplex

Introducing 1055 Park Avenue, spectacular two to four bedroom duplex and triplex condominium residences for immediate occupancy on the world’s most prestigious Avenue. offering grand living with sophisticated modern design –1055 Park Avenue features spectacular floor-to-ceiling windows framing stunning views of Park Avenue and Central Park, striking interior finishes designed by Cetra ruddy, customized Smart home technology, a full time doorman, and a private gym.

AZuRE

technology, a full time doorman, and a private gym. AZuRE Azure is a 34-story luxury residential

Azure is a 34-story luxury residential building located at 333 east 91st Street on Manhattan’s Upper east Side. the building’s 128 residences feature floor-to-ceiling windows and generous ceiling heights, and range in size from studios to 4-bedrooms. replete with modern finishes, top-of-the-line appliances, and 6300 square feet of amenity space, Azure is open for immediate occupancy with immediate financing from hSBC Mortgage Corporation available for up to 80 percent loan to value. Please contact us at 212.828.4848; info@azureny.com

ThE LAuREL

contact us at 212.828.4848; info@azureny.com ThE LAuREL Located on Manhattan’s sought after Upper east Side, The

Located on Manhattan’s sought after Upper east Side, The Laurel features studio to four bedroom condominiums with abundant natural light, sweeping views and the most elegant refinements. LeeD-certified construction and modern design are complemented by rare conveniences such as on-site parking and 12,000 sq. ft. of private amenities including a 50 ft. lap pool, triathlon training center, screening room and children’s play areas. the Laurel is 60% sold and offering immediate occupancy. Financing available. www.laurelcondominium.com 212.750.5550

1280 FIFTh AvEnuE

1280 Fifth Avenue is situated along the celebrated Museum Mile and home to the Museum for African Art. Designed by robert A. M. Stern Architects, LLP, with interiors by Andre Kikoski, and model homes furnished by Ligne roset,1280 Fifth Avenue overlooks Central Park and will be the first LeeD certified building on Fifth Avenue. heated rooftop pool; roof terrace; residents’ lounge; childrens’ & teens’ rooms; on–site parking; fitness center; 24-hour concierge. Studios – three+ Brs starting at $724,000. 1280fifthavenue.com

on–site parking; fitness center; 24-hour concierge. Studios – three+ Brs starting at $724,000. 1280fifthavenue.com

BETTInA EquITIEs

Bettina Equities:

Living Well, In the Worldís Greatest City Bettina is known for affordable prices that make Manhattan living in the finest buildings within reach, with No Fee! Attractive studios, spacious three- bedroom duplexes and triplexes in the most desired neighborhoods: east/ West Side, Clinton, Murray hill, Gramercy Park, Union Square and east village. experience the difference in the way our buildings are runó with a quality commitment and ongoing attention to amenities such as exceptional maintenance/upgrades, a responsive management staff and roomy, comfortable layouts. www.bettinaequities.com. (212) 744-3330.

a responsive management staff and roomy, comfortable layouts. www.bettinaequities.com. (212) 744-3330.

ThE LuCIDA

A limited number of residences remain at The Lucida, a dramatic 21-story glass curtain wall condominium developed by extell Development Company. offering residents a lifestyle that combines the prestige of the Upper east Side with eco- consciousness, the Lucida also includes the ultimate in modern amenities: a LA PALeStrA Fitness, Wellness and Spa Center, indoor playground designed exclusively by Kidville, N.Y., private lounge and game room, wine cellar and bike storage. For more information, call 212.585.1510

by Kidville, N.Y., private lounge and game room, wine cellar and bike storage. For more information,

mAnhATTAn hOusE

mAnhATTAn hOusE manhattan house has introduced the Modern Collection, a selection of signature-designed residences

manhattan house has introduced the Modern Collection, a selection of signature-designed residences available for the first time at this iconic landmarked residential condominium. Set within private gardens, Manhattan house has been impeccably re-engineered, combining its Modernist heritage with quintessential elements of contemporary living. exceptional amenities and services include the residents-only rooftop level with Manhattan Club and exhale® spa, a roto Studio-designed children’s playroom, exhale® fitness center, full-time doormen, five-star concierge, porte-cochere entrances, and on-site garage and valet service.

sOThEBY’s, nIkkI FIELD

 
nikki Field , Senior vice President, Associate Broker, has been a dynamic presence with sotheby’s

nikki Field, Senior vice President, Associate Broker, has been a dynamic presence with sotheby’s International Realty since 1998, consistently ranking among the global agency’s top five producers and accomplishing sales of nearly one billion dollars. America’s top 400 real estate Professionals for 2008, an annual ranking sponsored by the Wall Street Journal, ranked Nikki in the top 100 Agents in America and in the top 10 in New York City for Sales volume.

ThE PAvILLIOn

Located at 500 east 77th St., the historic Pavilion offers the best of luxury rental living today. the Pavilion’s one-, two- and three- bedroom homes are built with growing families in mind, boasting Glenwood’s signature finishes, generous proportions and timeless sophistication. Just steps from John Jay Park and the City’s finest schools, residents also benefit from Glenwood’s full-service amenities including landscaped rooftop sundecks, available valet and maid service and on-site shopping. For more information, call 212.535.0500 or visit www.glenwoodnyc.com.

valet and maid service and on-site shopping. For more information, call 212.535.0500 or visit www.glenwoodnyc.com.

sOThEBY’s InTERnATIOnAL REALTY

sotheby’s International Realty the east Side Manhattan office is just steps away from Central Park in one of the most desirable neighborhoods in the city. It is known for its prime Manhattan real estate, which includes some of the city’s most elegant historic and prewar homes. our brokerage staff offers unsurpassed service to our clients. our agents are thoroughly familiar with the neighborhoods in this area, and with all aspects of sales, including the demands of the luxury market.

familiar with the neighborhoods in this area, and with all aspects of sales, including the demands

uPCOmIng nEIghBORhOOD guIDEs

October 6th: upper West side; October 13th: upper manhattan; October 20th: Downtown; October 27th: Long Island City (newsprint); november 10th: Brooklyn For more information on these upcoming magazines, please contact:

Robyn Weiss, Associate Publisher, Observer neighborhood guides Phone: 212-407-9382 • Email: rweiss@observer.com

The

Deal Closer

Cindy Bernat

Senior Vice President and Associate Broker, Corcoran

By Rachel Morgan

W ith 33 years in the business and 500 closed deals under

her belt, Corcoran Senior Vice President and Associate Broker Cindy Bernat is no stranger to the complicated world of Manhattan real estate. Bernat specializes in relocation services for corporate clients and strives to educate all her clients on the complex world of cooperatives, condominiums and townhouses. About half of her business is generated on the Upper East Side. Bernat sounds off to the Observer about what it’s really like to be a broker in one of Manhattan’s most desirable neighborhoods.

Q: How long have you worked in the Upper East Side market? CB: I have been with Corcoran for 13 years and work in all areas in Manhattan [but] about 50 percent of my business is on the Upper East Side.

QQ: In what Upper East Side neighborhoods are prices/ sales up? CB: Carnegie Hill, Park Avenue and Fifth Avenue have traditionally been more stable markets. There are many pre-war coops in these areas and they are much like buying a fine, irreplaceable

antique. These areas offer us

a good lesson in economics

- there is always a strong

demand and a limited supply, causing prices to hold up nicely even in challenging markets as we have now.

Q: How would you rate this neighborhood in terms of demand? CB: The Upper East Side

is geographically larger than most Manhattan neighborhoods, going all the way from Fifth Ave. to East End Ave., so there is much activity and diversity in price and opportunities for value. I would rate this neighborhood in high demand.

Q: How have you handled working during the economic downturn, during a time when it seems like no one was buying? CB: I have never had a time when no one was buying or selling. People’s lives change. They get married, have babies, grow older, and they will always need a trusted advisor when they need to make a change. When things slow down, as they do in the summer months in Manhattan, I recharge my battery with weekends at the beach or sightseeing in my favorite city, knowing that the phone will ring again soon with one of my customers needing my help. I also use these times to attend Corcoran’s training institute. We have the most amazing ongoing training in almost every aspect of real estate including our award winning, state of the art interactive website that is the favorite of buyers and agents alike. You cannot find another more well trained and knowlegeable group of agents who are kept up to the moment in their

profession. In other words, I

keep busy with the business of real estate in between busy times.

Q: When did the rental/ buying landscape start to upswing? Or has it, in your opinion? CB: Things began to look brighter at the beginning of

2010. I think Americans as a people do not like to be down very long. They have a very resilient spirit and tend to go out there and figure out a way to make things happen. New York has been more resilient than other cities in the United States, so we have been very fortunate.

Q: What do you think are the keys to success as a broker on the Upper East Side? CB: The key to anyone’s success is to care about and respect your customers like your own family and be responsive to their individual needs. The key to my success is to approach every person and every situation with the utmost knowledge, respect and integrity and most importantly, a very warm smile. If you smile while you are talking with anyone, they can ‘see’ it, even over the phone. I have a Southern female personality, which is very friendly and gracious, with a steel will. I will make it happen for my customers.

Q: What are things renters or buyers want now that they didn’t five years ago on the Upper East Side? CB: Everyone wants value today. The bells and whistles were all very nice in the past, but [today,] people want the most they can get for their dollar - and that means physical space.

Q: What specific features of properties are popular now on the Upper East Side? CB: The Upper East Side has a large population of children. Therefore, features such

as common outdoor space, children’s playrooms and pools are very popular.

Q: What’s the most memorable property you’ve shown? CB: My all-time favorite property is one I have on the

market today. It is one of the most beautiful properties

I have ever seen in the city

- a penthouse at 524 East

72nd St. on the 49th floor with a striking floor plan and panoramic 360-degree views of the entire city, East River and Manhattan’s many bridges. The price is close to $9 million and it is an incredible value. Comparable properties on Central Park West would be $24M and still not as beautiful. It is just a spectacular home.

Q: What are three things that make an apartment a hot commodity on the market? CB: Location, location, location - and condition and size.

that make an apartment a hot commodity on the market? CB: Location, location, location - and
Whether you’ve had a baby and bought a new car, or now have a teenager
Whether you’ve had a baby and bought a new car, or now have a teenager
Whether you’ve had a baby and bought a new car, or now have a teenager

Whether you’ve had a baby and bought a new car, or now have a teenager on the road, your insurance should keep up with your life. Call today for a free review to help you decide what protection is right for you.

BARBARA A. GRIMALDI (212) 759 3920 227 EAST 56TH ST NEW YORK BGrimaldi@allstate.com Appointments to
BARBARA A. GRIMALDI
(212) 759 3920
227 EAST 56TH ST
NEW YORK
BGrimaldi@allstate.com
Appointments to fit your schedule.

Insurance subject to availability and qualifications.Allstate Insurance Company and Allstate Property and Casualty Insurance Company, Northbrook, Illinois © 2009 Allstate Insurance Company.

THE MODERN MANHATTAN BY CELERIE KEMBLE BEDROOM   MASTER SUITE FOYER   GREAT ROOM  
THE MODERN MANHATTAN BY CELERIE KEMBLE BEDROOM   MASTER SUITE FOYER   GREAT ROOM  

THE

MODERN

MANHATTAN

BY
BY
CELERIE KEMBLE
CELERIE KEMBLE

BEDROOM

 

MASTER SUITE

FOYER

 

GREAT ROOM

 

REF

W/D

 

WC

DW

BEDROOM

N

INTERIOR 1,861 SF (173 SM) 3 Bedrooms 3 Bathrooms
INTERIOR
1,861 SF
(173 SM)
3
Bedrooms
3
Bathrooms

Wood Burning Fireplace

(173 SM) 3 Bedrooms 3 Bathrooms Wood Burning Fireplace manhattanhouse.com +1 877 397 3415 The complete

manhattanhouse.com

+1 877 397 3415

The complete offering terms are in an offering plan available from the sponsor. File No. CD06-0055. All dimensions are approximate and subject to normal construction variances and tolerances. Plans and dimensions may contain minor variations from oor to oor. Sponsor reserves the right to make changes in accordance with the terms of the offering plan. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation.

pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity

Похожие интересы