Steepest, cheapest listings to hit Manhattan this week

Emily Beare and Elizabeth Beare from CORE had the week’s priciest listing with a $34.5 million unit at 1040 Fifth Avenue. Related CEO Jeff Blau relisted his palatial 10-room apartment, which includes three bedrooms and three-and-a-half bathrooms. Blau paid $21.4 million for the apartment in 2008 and gut renovated it. Amenities for the unit on the 14th floor of the Rosario Candela-designed landmarked building include a doorman, an elevator operator and a storage room. The apartment includes a wood-burning fireplace, original herringbone floors and a planting terrace.

The week’s second priciest listing was a $30 million condo at One57 at 157 West 57th Street. Douglas Elliman’s Janice Chang and Timothy Hsu had the listing. The 56th-floor apartment spans 3,228 square feet and has three bedrooms and three-and-a-half bathrooms. Costs come down to $9,293 per square foot. Christian de Portzampar designed Extell Development’s iconic tower. Earlier this week, Extell unveiled a new model unit in the tower.

The week’s third priciest listing was $19.9 million, or $4,278 per square foot, full-floor unit at the Ian Bruce Eichner-developed 45 East 22nd Street. The 55th-floor four-bedroom apartment is being listed by the 45 East 22nd Street Sales Gallery. The unit will be 4,651 square feet and includes four-and-a-half bathrooms. The Flatiron building is slated for completion in 2016.

Corcoran’s Karen Shenker had the week’s cheapest listing with a $189,000 three-bedroom apartment at 523 West 143rd Street. The Hamilton Heights unit includes one-and-a-half bathrooms and is 1,100 square feet. A total gut renovation is needed for this apartment in a pre-war elevator building, according to the listing.

Rapid Realty’s Jennifer Jones had the weeks’ second cheapest listing with a two-bedroom co-op at 1777 Madison Avenue in East Harlem for $195,000. Units 5A and 5D can be joined together as a two-bedroom, or serve as two adjoining studios, according to the listing.

The third cheapest listing this week was a one bedroom-, one bathroom-apartment at 552 Riverside Drive for $220,000. The 310-square-foot unit is being listed by its owner. The listing calls it “the cheapest one-bedroom in Manhattan.” The unit has hardwood floors and new appliances. Amenities include a roof deck, a community room, a bike room and a gym, among other things. — Claire Moses


Top residential agents of the week


From left: Rebecca Edwardson, Bonnie Chajet, Lisa Chajet and 459 West Broadway in Soho

Price: $14,650,000
Listing brokers: Rebecca EdwardsonBonnie Chajet and Lisa Chajet of Warburg Realty
Address: 459 West Broadway 


From left: Arlene Reed and 791 Park Avenue on the Upper East Side

Price: $10,000,000
Listing broker: Arlene Reed of Warburg Realty
Address: 791 Park Avenue


From left: Robert Dankner, Lisa Beth Carroll and 219 East 67th Street in Lenox Hill

Price: $8,235,000
Listing brokers: Robert Dankner and Lisa Beth Carroll of Prime Manhattan
Address: 219 East 67th Street


From left: Ileen Schoenfeld, Aracely Moran and 912 Fifth Avenue on the Upper East Side

Price: $7,775,000
Listing brokers: Ileen Schoenfeld and Aracely Moran of Brown Harris Stevens
Address: 912 Fifth Avenue


John Burger and 146 Central Park West on the Upper West Side

Price: $7,600,000
Listing broker: John Burger of Brown Harris Stevens
Address: 146 Central Park West

Sources: StreetEasy and The Real Deal. Footnotes: Data is for closed deals filed with the city this week through Friday. The chart only includes sellers’ brokers, because buyers’ brokers’ names are not available in city data or listings. The data does not include deals in contract. To obtain broker information, listing information was compared with sales records filed with the city. Only deals where an individual broker and address can be identified are included. As a result, private sales, listings where an address has not been provided and new development sales by a sales center are not included.

15 Renwick launches sales with costume party: PHOTOS

Funky fashions and classic characters were on hand for the launch of 15 Renwick Street, hosted at the building’s sales center at 505 Greenwich Street.

The IGI-USA-developed building features 31 condos, including three adjoining townhouse units and four duplex penthouses, which are priced between $7.85 million and $10.5 millionPrices for two- and three-bedroom units range from about $2 million to $5 million, with townhouses starting at $3.9 million.

The project, which is being marketed by CORE, took some time to get off the ground following a stall in work during the recession and a change of hands. — Kerry Barger

The Wrap: Harlem Renaissance Ballroom redevelopment moves ahead, North and South W’burg price gap narrows … and more


2351 Adam Clayton Powell Jr. Boulevard in Harlem (credit: GF55)

1. Abyssinian Development moves ahead with Harlem Renaissance Ballroom redevelopment [NY YIMBY]
2. North and South Williamsburg price gap is fading [WSJ]
3. Bronx politicians consider asking Kingsbridge National Ice Center developer to wage hike [Crain’s]
4. Canadian photographer aims to capture Halloween at first sight [NYT]
5. Hedge-fund billionaire Phil Falcone decks out Upper East Side pad as haunted house [NYP]
6. Madison Square Garden’s third-quarter revenue climbs 12 percent [WSJ]

Property Markets Group gets $130M financing for LIC tower

From left: Kevin Maloney, Howard Lorber and a rendering of 23-10 Queens Plaza South

From left: Kevin Maloney, a rendering of 23-10 Queens Plaza South and Howard Lorber

Kevin Maloney’s Property Markets Group has locked down more than $130 million in construction financing for its planned 44-story rental tower in Long Island City, property records filed with the city today show.  Deutsche Bank provided the developer with a $113 million building loan and another $24.5-million project loan for soft costs, the records indicate. The bank also consolidated previous mortgages on the property in the amount of $11.05 million. In December 2012, PMG bought two sites — a 14,920 square-foot-lot at 23-01 42nd Road and a 27,200 square-foot lot at 23-10 Queens Plaza — for $37 million, as The Real Deal reported. Along with partners the Hakim Organization and New Valley, the real-estate arm of Douglas Elliman Chairman Howard Lorber’s Vector Group, PMG plans to build a 44-story rental tower with some 400 units and retail space. The project is slated for completion in 2017.

Lightstone nabs $120M construction loan for Gowanus project


365 Bond Street in Gowanus, and Lightstone’s David Lichtenstein

The Lightstone Group picked up a $120 million construction loan for a 12-story apartment complex on the banks of the Gowanus Canal.

Canyon Capital Realty Advisors, a Los Angeles-based investment firm, provided a 30-month senior loan to the developer. The project at 363-365 Bond Street is set to hold 429 rental units – 86 of which will be affordable housing.  The loan will go toward the first of two phases of construction.

Drew Anderman of Meridian Capital Group served as broker for the debt. The City Planning Commission approved the project last year, as previously reported.

The complex will feature a courtyard, a fitness center, roof decks and a movie theater. [NYO]Mark Maurer