Elegran Edge
The Real Estate Blog

What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.

Articles about "Luxury Condominiums"

  • Tucked Away in Turtle Bay : 343 East 50th Street By Shwetha Ravishankar | June 21, 2013

    Tucked away along the tree-lined streets of Turtle Bay, away from the bustling Midtown mayhem is 343 East 50th Street. This balmy family home, with its 2,900 square feet of living space is ideal for families looking to live in the city, yet have the luxury of space and privacy.

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  • 'America’s Diner' Not Welcome at 150 Nassau Street By Aby Thomas | June 11, 2013

    Denny’s may call itself “America’s Diner,” but residents of 150 Nassau Street in the Financial District are not too keen on having a franchise of the fast food restaurant chain open up in their hallowed premises. According to a recent report in The Real Deal, the condominium board of the building has filed a $10 million lawsuit to block the restaurant from operating on the site’s commercial space. According to them, Denny’s presence in the building would attract an unsavory crowd to this residential locality, and therefore disrupt “the dignity and storied character” of this elite address. The Babaev Group, the owners of the commercial space at 150 Nassau Street, have cried foul at the lawsuit, and have vowed to “have a Denny’s in the building one day.” However, they have a hard fight ahead of them—the Department of Buildings had rejected the construction plans for the restaurant once before, and so they will be required to submit paperwork again to show their adherence to building codes and zoning regulations. Given that 150 Nassau Street is a landmarked building, Denny’s would have to jump through a number of loops to get the DoB’s approval. Built in 1895, 150 Nassau Street was most recently in the news for its fantastic penthouse called the Skyhouse, which had caused quite a buzz for its stunning architectural design. Designed by architect David Hotson and interior designer Ghislaine Viñas, the 6,600-square-foot apartment had an 80-foot long stainless steel tube running through the space as its most striking feature. If one considers this home to be an indication of the upscale nature of this address, it’s easier to understand why the condo board at 150 Nassau Street would be so opposed to having a Denny’s in their building.

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  • X Marks the Spot: Antique Treasures Return to Park Ave Armory By Laura Simmons | October 18, 2012

    Nothing beats the old, for it is the foundation of everything that comes afterwards. Well, for those who appreciate antiques, it is now out with the new and in with the old. Ancient treasures can be found in the Upper East Side from October 19th - 25th, where the International Fine Art and Antique dealers will be returning to the Park Avenue Armory for its 24th annual show. This would be a great place for Upper East Side residents to buy an awesome pair of silver crafted wine coolers from the 1800s. If unsure, feel free to stare while contemplating which furniture, sword, or piece of jewelry will be fitting for your apartment.

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  • New Developments Carrying Out Pre-war Legacy By Laura Simmons | October 12, 2012

    Seems like pre-war buildings are never going out of style. Developers are incorporating classic traditional structures into modern developments, making pre-war buildings something that will always be a part of New York City’s cultural aesthetic. The Upper East Side is definitely holding true to its history by birthing two high-end residential towers on East 79th Street. These pre-war buildings make New York City the attraction it is. What’s better than having the best of both worlds? With that in mind, it would make sense that pre-war residential buildings are the most desirable for Manhattanites, and so, the developers on the Upper East Side may be onto something.

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  • The Top 3 Celeb Drinks Named After Their Condos By Laura Simmons | September 27, 2012

    There seems to be a trend amongst celebrities who are becoming more health-conscious, as many are embracing a organic/vegan lifestyle. Organic Avenue, a juice company known to be a celebrity favorite, established a deal with 515 E.  72nd St., a new luxury condominium on the Upper East Side, to create a signature juice cleanser named Love 515. Residents can have a one-to-five day cleanser of Love 515 included in their daily regimen, and the building delivers it to them on demand. Organic Avenue is using this opportunity to provide New Yorkers with raw, organic, and vegan delights to help them maintain a healthy lifestyle.

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  • Manhattan Condominiums Now Double as Wedding Venues By Aby Thomas | August 31, 2012

    It is a universally acknowledged truth that weddings, besides being one of the most important moments in a person’s life, are also one of the most stressful. There is worry associated with almost everything related to a wedding, be it the guest list, the color of the flowers used and, perhaps most importantly, the location of the actual ceremony. Some want a no-frills version at City Hall, while some others want a lavish spectacle at an exotic location. Although home weddings are another popular option, not many Manhattan apartment residents would think of hosting a wedding in the city. But, as it turns out, some New Yorkers are doing just that—the amenity spaces in their luxury condominium buildings translate into great wedding locations for them to use.

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  • Manhattan Still the Exception to the Rule By Stephanie Spencer | July 19, 2012

    New York City continues to prove itself as a leading force in American real estate as property prices gradually increase, a stark contrast when compared to the rest of the country. In a report released Wednesday by the Real Estate Board of New York, since 2011 Manhattan has had a 6% increase in the second quarter of this year. Neighborhoods such as Gramercy Park have been sweeping up homebuyers as its average condominium sales price increased up to 20% following 2011, as the Upper West Side has experienced a soaring 18% increase.

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  • Parents of West Village’s PS41 Express Outrage Over Luxury Condominium Construction By Stephanie Spencer | June 26, 2012

    Parents of West Village’s PS41 expressed outrage yesterday when they met with Rubin Management to discuss potential health risks as a result of the massive construction of luxury condominiums replacing St. Vincent’s Hospital. The City Planning Committee approved the rezoning of St. Vincent’s on January 23rd, and shortly after parents of PS41 believed that the school’s air quality would drastically decrease due to the construction. Under the conditions of the project, which is estimated to cost $800 million, 450 luxury condominiums will be dispersed over four new residential buildings.  

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  • Americans Imitate Foreigners By Investing In Manhattan Real Estate By Stephanie Spencer | June 14, 2012

    Manhattan brokers have been having a field day as American investors imitate wealthy foreigners who take to New York City to purchase luxury condominiums in what they believe to be a solid investment in an uncertain economy. The trend, which initially began in Midtown Manhattan in 2010, has exemplified Manhattan’s financial stability in the eyes of American and foreign moguls, with 7 of 12 apartments sold in Manhattan going to American investors.

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  • Condo in Central Park South Doubles in Price By Daniel Muhlenberg | December 14, 2011

    The high-end of Manhattan’s real estate market continues to exceed expectations. Who would’ve guessed that a luxury condo in Central Park South that sold for $4.1 million in 2005 would now be on the market for $8.3 million? Arca Advisors bought 69A in The Park Imperial on 56th Street six years ago, and after renovating it they’ve found that it has doubled in value. If you want to know why 69A is so valuable, the reason is pretty clear: there are barely any high-end Manhattan properties available in Central Park South. The Real Deal quoted a source familiar with the transaction as saying, "The renovation is partly influencing the price, but there's also nothing left on the market. If you have an $8 million buyer who wants a view of the park, there's nothing to show them."

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