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 Penthouses"

  • Duplex Penthouse at 56 Leonard in Contract for $47 Million By Aby Thomas | June 27, 2013

    When New York City’s real estate sector learnt that the penthouse at 56 Leonard Street in Tribeca had been listed for $50 million, there were many who had scoffed at the glass tower’s ability to command such a price in Downtown Manhattan. After all, the 820-foot tall building had been the subject of much debate in the recent past—be it the steep prices of the homes here, or its avant-garde, Jenga-like architecture, there has been a lot of love and criticism leveled at 56 Leonard.

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  • Billionaire William Ackman Revealed to be One57 Penthouse Buyer By Aby Thomas | May 20, 2013

    The penthouses at One57 have been the stuff of lore in the Manhattan real estate sector—everything about these luxury residences, be it their expansive spaces or their stunning views, have been praised and lauded in the past couple of months. Of course, the prices of these penthouses were responsible for most of this buzz in the market—given that these apartments were listed for more than $90 million, there’s been a lot of speculation about who were the mystery buyers of the duplex penthouses at One57.

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  • Despite Low Profile, New UWS Condo Sets the Pace By Daniel Muhlenberg | March 14, 2012

    Even though condo sales on Manhattan’s Upper West Side and Upper East Side have lost steam recently - downtown lofts, condos, and penthouses are far outshining them - one luxury apartment building is defying these trends with steady sales and rising prices. The Laureate, located at 2150 Broadway on the corner of West 76th Street, has been selling luxury condos and penthouses at a steady clip for some time now, and it might be due in part to the fact that its owner, Shlomi Reuveni, refuses to reveal the identity or nationality of its buyers. This anonymity and relatively out-of-the-way location (i.e. not downtown) have attracted a steady stream of affluent clientele, although our guess is as good as yours as to who they are.

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  • Showtime Series Inspire Design of Midtown Penthouses By Gabrielle Hughes | March 05, 2012

    Fans of the Showtime network can now immerse themselves into their favorite television shows through an exhibit of modernly designed rooms inspired by the channel's cutting-edge programs. For the past few years, the network has transformed high-end Manhattan properties into designer show houses, with several decorators called to take influence from the various original series. The latest exhibit is spread out among three penthouses at Cassa Hotel and Residences, on West 45th Street and 6th Avenue.

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  • One57 Penthouse Now Going for $110 Million By Justin Spees | January 05, 2012

    When we wrote that Russian billionaire Dmitriy Rybolovlev had bought a penthouse in 15 Central Park West at the $88 million asking price, we tried to make it sound like a big deal. We wrote that it was one of the largest purchases in the history of Manhattan real estate. But it turns out that other developers heard about the sale and thought “eh, that’s not so much.” So now we have the pleasure of reporting that one of the penthouses in the enormous ultra-luxury One57 building at 157 West 57th Street in Midtown West, is now going for $110 million, or $10,700 per square foot.

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  • Brazil, China, Russia: Meet the New Face of Manhattan Real Estate By Daniel Muhlenberg | November 22, 2011

    The world’s nouveau riche love Manhattan. Foreign buyers flush with newly-achieved status and the power to purchase anything their heart desires come to New York City with cash in hand, ready to pay up and move in as soon as possible. Considering that New York City has always been an international city, the symbol of the American Dream, and an alluring destination for aspiring people everywhere, this is unsurprising in and of itself. What’s surprising is that most of these foreign buyers come from countries like China, Brazil, and Russia i.e. the nouveau riche of the world economy. Buyers from these countries are keeping the high-end real estate in Manhattan market afloat, eagerly filling the void left by affluent New Yorkers who are biding their time by renting.

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