Nigerian playboy and oil, gas and aviation entrepreneur Kola Aluko has laid out a bundle at 1049 Fifth Avenue on the Upper East Side. Co-founder of the Made in Africa Foundation, which funds development in Africa, Aluko paid $8.62 million for a four-bedroom, 3,660-square-foot duplex in the tony building. And while Aluko – who was recently spotted by the New York Post at Leonardo DiCaprio’s 39th birthday party at the Tao Downtown — purchased… [more]
Prodigy Network is hoping to add an unusual penthouse — an eight-story postmodern glass topper — to its 15-story hotel conversion project at 17 John Street in the Financial District. Earlier this year, the Manhattan-based developer bought 17 John Street from Metro Lofts with the intention of transforming it, along with 84 William Street, into an extended-stay hotel. This fall, the firm announced that it wants to crowdfund $31 million of the project through equity investors in… [more]
New York Yankees third baseman and former 15 Central Park West resident Alex Rodriguez has been spotted touring a $3.5 million co-op on the Upper East Side. A-Rod, who has been renting on the Upper West Side, was spied viewing a three-bedroom, three-bathroom unit at 930 Fifth Avenue — a pre-war, Emery Roth-designed building. According to the New York Post, A-Rod toured the apartment with building resident Stratis Morfogen, the founder of Philippe Chow and Cucina… [more]
The Italian furniture retailer Natuzzi Americas is ditching its Soho headquarters for a 4,900-square-foot space in Nomad. The firm, which is currently located at 101 Greene Street, has signed a ground-floor lease at 105 Madison Avenue where the asking rent was not disclosed, according to the New York Observer. “With this lease, Natuzzi Americas has moved from one furniture district to another, joining reputable brands in an area known for its great home furnishings,” Andy… [more]
From Luxury Listings NYC: Moving, to put it politely, is a hassle. Asking friends what company they used — or taking a stab in the dark if they don’t have any recommendations. Getting quotes. Picking a date that works for everybody — you, the people who bought your home, the people who sold you theirs, the movers. [more]
A 30-foot-wide townhouse, built in the early 20th century, on the Upper West Side has hit the market asking $10.5 million. Near Riverside Park, the five-story, 14-room mansion was built in 1901 on a scale for entertaining. It features a finished basement, an elevator and a 20-foot-high atrium, according to the New York Post. The 8,000-square-foot house was last renovated in 1995 and is located at 317 West 92nd Street. Douglas Elliman’s Kathy Murray has… [more]
A family from Springfield, Ohio, returned home from visiting a dying relative only to find a stranger had moved into their home and changed the locks.
Even worse for the family, who wish to remain anonymous, the intruder may have the law on his side.
“Business is better than ever,” according to Jonathan Kushner, president of the Kushner Real Estate Group. Kushner currently owns and manages more than 12 million square feet of commercial property in the New York area, but New Jersey has become his latest target. Kushner has recently begun a full push into northern New Jersey with several new projects, one of which is 18 Park, a 422-unit rental development in Jersey City that is 75 percent… [more]
From Luxury Listings NYC: What’s it like to live — and raise a kid — in a yellow submarine smack in the middle of the West Village? Joshua Morton and Susan Weinthaler probably know better than anybody. Their home is a 900-square-foot loft on Barrow Street that takes industrial chic to a new level — literally. [more]
Real estate investment has long been the playground of the wealthy, with top developers becoming some of the richest people in the world. Today wealth intelligence firm Wealth-X released data on the top 20 real estate moguls in New York City, ranked according to their personal net worth. Richard LeFrak, chairman, CEO, and president of LeFrak Organization, leads the list with a net worth of $4.9 billion. LeFrak’s family has invested in New York real… [more]