The management at 120 Riverside Boulevard has been quietly replaced with AKAM Living Service as Trump’s contract had expired. Trump has been ousted as manager and residents are quite unhappy about how the change of power took place.
According to residents of the building, no one residing there was consulted, and they were disappointed that a white glove building like the Trump Place didn’t show any transparency in the switch of management.
The Luxury Condominium The Aldyn, located at 60 Riverside Boulevard, has sold a pad for $13.7 million – a record for the building. The buyer is Cheryl Mercuris, a millionaire entrepreneur, who has received media attention by spending a half million dollars for a two-week summer rental in the Hamptons. Cheryl is founder and owner of the Florida-based marketing company Quality Resources and is known for being out on the prowl meeting and dating new men.
Another celebrity has left the Upper West Side's El Dorado Condo building. This time it is U2’s bassist Adam Clayton, who has listed his El Dorado apartment for $8.695 million. The 7.5-room, 3 bedroom and 4 bathroom pre-war pad allows 50% financing and has very nice Eastern and Southern views of Central Park. It has two deco fireplaces and a huge eat-in chef’s kitchen.
A few weeks ago we reported that 15 Central Park West owners are steadily increasing their wealth. Well, times have changed and the first price cut is out. Unit 15B initially hit the market with a price tag of $35 million and got reduced to $29.5 million two days ago. Ouch. A price drop of 16 percent might sound like a lot but in this case it’s simply a more realistic price, however it is still a blow to the ego.
Never ever accept the first offer. That’s rule no. 1 in Brent Montgomery’s hit show “Pawn Stars”. Obviously the stars of the show were not the ones doing the negotiations for the purchase of a new condo that Mr. Montgomery recently bought as he only received 2% off the asking price, so much for practicing what you preach. The duplex penthouse inside The Olcott at 27 West 72nd Street has 2,772 square feet, 7 rooms and 3 bedrooms. It was on the market for 13 weeks and was brokered by the Corcoran Group.
Some Hollywood stars wait decades for the opportunity to win an Academy Award, while a few lucky ones like Mira Sorvino get theirs early on. The same principle applies to condo sales in Manhattan. Some wait months if not up to a year to sell their homes, while a few lucky ones like Mira sell their condos in less than 45 days.
Cynthia Nixon, from famed New York set series Sex and the City, has sold her Upper West Side co-op for $1.59 million located at 169 West 78th Street. The six-room, three-bedroom and two-bathroom apartment was on the market for 29 weeks and listed with Halstead Property. Cynthia and her family have a very neat four-bedroom co-op in NoHo at 10 Bleecker Street, which she purchased in January this year for approximately $3.25 million.
David Duchovny is in contract to buy a co-op inside the Ardsley at 320 Central Park West, which is famous for its co-op board rejecting Mariah Carey when she tried to buy an apartment there. Barbara Streisand once owned the penthouse at the Ardsley. Mr. Duchovny, however, is looking to downgrade to a place on the 19th floor instead for $6.25 million. Even from that “low” vantage point there are beautiful views of the reservoir in Central Park, and a very cozy fireplace. The apartment last sold in 2001 for $3.25 million.
Jennifer Rush, American/German pop singer and known worldwide for the single “Power of Love”, sold her Upper West Side apartment at The San Remo, which is located at 145-146 Central Park West. The 2,450-square-foot, 2 bedroom, 3 bathroom apartment had been on the market for 10 weeks before it was sold for $700,000 over asking price. I guess that’s the power of real estate. The buyer was John Zeiler, CEO of Hudson Housing Capital, according to The Real Deal.
Carlyle and Extell, the developers of The Rushmore, were sued in 2010 and had to refund a total of $16 million for missing a closing deadline, which according to the developer was just a typo. This refund stands today as the largest refund in New York City history.
Trends in New York can border on ridiculous sometimes, but they tend to catch on like irritating wild fire. This particular one started with the record condo sale of $88 million at 15 Central Park West. Since then, buildings and condo owners around the city have been trying to emulate it with one owner in particular trying to sell his apartment for nearly $100 million.
Ben Stiller’s NYC apartment at 110-118 Riverside Drive on Manhattan’s Upper West Side is listed for $9.6 million. It’s a duplex with 10 rooms, 5 bedrooms, 5.5 bathrooms and amazing Hudson River views. The duplex has 4000 square feet of living space and was initially bought by Ben Stiller for $10 million just 4 years ago. So, Ben may lose almost a half million dollar on this deal. The apartment is listed with Prudential Douglas Elliman.