Real Estate News from May 2013

  • Cash Only: The New Trend for Luxury Real Estate By Thomas Faddegon | May 10, 2013

    A suitcase full of money is an image most people would associate with Hollywood depictions of illicit transactions. In reality, cash deals have always been a staple of high end real estate. But in the modern Manhattan market, this cinematic motif (suitcase optional) is becoming more commonplace by the day.

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  • 1 WTC Becomes Tallest Building in the Western Hemisphere By Aby Thomas | May 10, 2013

    After getting its silver spire installed earlier today, One World Trade Center has now become the tallest building in the Western hemisphere. The addition of the spire, which will function as a broadcast antenna for the building, has brought the 104-story 1 WTC’s height to a total of 1,776 feet. 1 WTC has also now become the third tallest building in the world, trailing behind the 2,717-foot Burj Khalifa in the United Arab Emirates and the 1,971-foot Makkah Royal Clock Tower Hotel in Saudi Arabia.

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  • Elegran's Michelle Piwko To Appear On Million Dollar Listing New York By Aby Thomas | May 08, 2013

    Photo by Ettore Lo lacono, Imagofair Photography Since she is one of Elegran’s top agents, we weren’t really surprised to hear that Michelle Piwko is soon going to be featured in an episode of the popular TV show Million Dollar Listing New York. Michelle, who is also a member of the New York Bar, has been catering to a very upscale client set during her time at Elegran, and her skills in luxury sales certainly came in handy when working with the likes of Ryan Serhant and Fredrik Eklund on the show. We chatted with Michelle to find out about her experience in the show, and when we can see her on the small screen. Excerpts from the interview:

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  • Elegran Named One Of Manhattan's Top Boutique Real Estate Firms By Angela Richardson | May 08, 2013

    May 8, 2013 -- Elegran is pleased to make it’s debut appearance on The Real Deal’s list of top boutique real estate firms in Manhattan. With a total of $16.8 Million in Manhattan residential listings, Elegran placed 7th on this prestigious list.

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  • A Library Underneath the Baccarat By Aby Thomas | May 07, 2013

    The Baccarat Hotel & Residences, the new development coming up at 20 West 53rd Street, already has a lot going for it—New York City’s real estate sector has been quite abuzz with news of the luxury residences and hotel-style amenities being offered at this new hotel-cum-residential building in Midtown Manhattan. We’ve already heard a lot of good things about the Baccarat’s full-floor residences, its 65-foot swimming pool and its five-star restaurant/bar—and we have now learnt that there’s also going to be a 28,000 square-foot library at the base of the building, with two of its three floors located underground.

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  • South Ferry Repairs Limp Along By Thomas Faddegon | May 03, 2013

    For weeks after Hurricane Sandy, images and video of the underwater South Ferry station were replayed in endless loops alongside aerial clips of a nonexistent New Jersey shoreline. While steady progress is being made to restore Jersey homes and its iconic boardwalk in time for tourist season, the restoration of South Ferry has hardly begun.

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  • One of Manhattan's Wealthiest Landowners is... a Church? By Thomas Faddegon | May 01, 2013

    So much for the proverb, “it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God."

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  • Despite Hiccups, Citi Bikes Set to Launch in May By Aby Thomas | May 01, 2013

    While it seems to have taken forever to come to fruition, New York City’s bike share program, Citi Bike, is now being expected to start by the end of this month. But it doesn’t look like it’s smooth sailing for the program just yet—besides having to worry about the prospect of seeing more unruly cyclists on the city’s roads, many Manhattan residents are now up in arms about the bike racks that have been installed all around New York City as part of the Citi Bike initiative.

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