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292 Lafayette Street, #6W (Sotheby's International Realty) 292 Lafayette Street, #6W (Sotheby's International Realty)
As the city's Covid vaccination rate rose and New Yorkers started to go out again, the long-standing assumption was that workers would return to the office and the city would go back to the way it was before lockdown. But as employees proved reluctant to return to the office full-time and companies embraced some degree of a hybrid work environment, this did not come to pass, and its impact can be felt in the city's central business districts. A study from February 2023 found that the average New York City worker is spending approximately $4,600 less per year on food, entertainment, and retail near their office as compared to pre-pandemic.

The city is working to adapt. In March 2023, plans for a partial residential conversion of the McGraw-Hill Building were fast-tracked amidst discussions of if and how the city’s empty office space could be converted to much-needed housing. More recently, a report by Crain’s New York Business found that restaurants and bars in central business districts have been tweaking happy hours and planning new specials to accommodate new patterns.
But for all the changes, two constants remain: New York is as bustling as ever, and business executives and other powerful people are choosing to set up home bases in the city. In some cases, they are even buying homes from each other — the most prominent example from June 10-16, 2023 was Estee Lauder executive William Lauder buying a Park Avenue co-op from investor Ronald Perelman, but a number of other high-profile sales took place during this time.

Stephen Kelly — Sold for $11,500,000

154-East-71st-Street-01 154 East 71st Street, #TH (Compass)
Lenox Hill townhouses
Upper East Side townhouses
NYC townhouses
"I think Stephen's legacy is about taste [and] refinement." So said interior designer Geoffrey Bradfield of his client Dr. Stephen E. Kelly, ophthalmologist and acclaimed collector of Art Deco, ahead of a Sotheby's auction of Dr. Kelly's collection following his death. The auction took place in December 2020; more recently, public records indicate that Dr. Kelly's estate sold the townhouse to an entity dubbed Jai Studio, Inc.

From the Listing:
The Adele Kneeland Mansion is located on the south side of 71st Street between Lexington and Third Avenues. It is a six-story plus full basement residence with soaring ceiling heights, magnificent marble fireplaces, and original architectural details throughout. It has an elevator servicing all floors, two entrances, a stunning double-height solarium, and a large 1,250-square-foot landscaped rooftop terrace with excellent city views. A dramatic open stair-way that connects all above-grade floors greets you upon entry, and large windows on four sides provide abundant natural light throughout. This house is well suited for a live/work situation, a medical practice, school, private art museum, non-profit organization, or magnificent private residence. The house will be delivered vacant. Sale proceeds will benefit a charity for medical scholarship.

Massimo Ferragamo — Bought for $7,000,000

907-Fifth-Avenue-01 907 Fifth Avenue, #1E (Douglas Elliman)
Fifth Avenue co-ops
Upper East Side co-ops
In March 2021, Massimo Ferragamo, fashion executive and son of Salvatore Ferragamo, sold his Park Avenue duplex for $11 million amidst plans to redevelop a Tuscan resort. However, public records indicate that he has returned to the Upper East Side with the purchase of a Fifth Avenue apartment that, as Crain's New York Business notes, is a short distance from his old home.
1 Available Listing for Sale for $3,495,000

Lewis B. Cullman — Sold for $7,000,000

555-Park-Avenue-01 555 Park Avenue, #12W (Douglas Elliman)
Park Avenue co-ops
Upper East Side co-ops
Business executive Lewis B. Cullman was born to privilege as the scion of a prominent tobacco family, but went his own way as an investment banker; later, he became most famous as a philanthropist whose foundation gave money to a number of city institutions including, but not limited to, the New York Public Library, the American Museum of Natural History, the Museum of Modern Art, and the New York Botanical Garden. Following his death in June 2019, his estate has sold his Park Avenue apartment.

From the Listing:
Rare opportunity to own a sun-flooded, 4+ bedroom apartment with 4 full bathrooms and a powder room, 10 foot ceilings, oversize windows with 8 Juliette balconies, 4 exposures and approximately 4,250 square feet, all in one of Manhattan’s finest prewar co-ops, built in 1913.

The apartment features a private elevator vestibule which opens to a large entrance gallery. The entertaining portion of the apartment features a grand living room with a wood burning fireplace and two enormous windows with Juliette balconies, a library and a formal dining room. The bedroom wing has 4 bedrooms with the primary bedroom situated on the corner with double exposures facing north and west. The large professional-style kitchen has a breakfast room. There is a large room adjacent to the kitchen which can serve as a playroom, media room or staff room, and features an en suite bathroom. There is also a huge storage room.

Jeffrey Levick — Sold for $6,200,000

360-East-89th-Street-01 Citizen360, #26A (Douglas Elliman)
Yorkville condos
Upper East Side condos
In the years since starting production company Sea Pine Productions, Jeffrey Levick's firm has worked with Ivy League schools and thought leaders all over the world. Public records indicate that he and his wife, former Edelman executive Katherine Karet, have sold their Upper East Side apartment to finance executives Philippe and Wynne Comer.

From the Listing:
Beautiful and upgraded residence with private parking and low monthlies in coveted Citizen360 designed by SHoP Architects features 2,862 square feet across 4 bedrooms + library, 4.5 bathrooms, large chef’s kitchen with breakfast bar, expansive living/dining room, dramatic open views of the East River and beyond through floor-to-ceiling windows located in a full-service condominium building with state-of-the-art amenities. Two separate automated parking spots are available for purchase, one SUV spot, and one sedan spot.

Spacious 24′ × 17′ living/dining room with north and east views offers access to the generous library as well as an entrance into the large, eat-in chef’s kitchen. The kitchen features three floor-to-ceiling windows, custom smoked walnut Clodagh cabinetry, Persian White Pulido quartz countertops and backsplashes, waterfall edge island with breakfast bar, and a top-of-the-line appliance package. The spacious primary suite features south and west exposures, electric shades, an expansive built-out walk-in closet, and one additional closet, and luxurious primary bathroom clad in Saint Louis limestone.
5 Available Listings for Sale from $1,370,000

Alan Hruska — Sold for $4,687,500

1148-Fifth-Avenue-01 1148 Fifth Avenue, #10B (Sotheby's International Realty)
Fifth Avenue co-ops
Carnegie Hill co-ops
Over a year after his death in March 2022, it is hard to say what Alan Hruska is best remembered for: his career as a litigator, or his love of literature that prompted him to found publisher Soho Press and write a number of his own novels and scripts. Public records indicate that Mr. Hruska's estate has just sold his Fifth Avenue apartment to another lawyer, Austin Bramwell, and his wife, Sarah Maserati Bramwell.

From the Listing:
Grand and gracious, this wonderful simplex 9 room apartment benefits from an expansive and versatile layout as well as high-floor outlooks over Central Park and the surrounding Carnegie Hill Historic District. The home is light-filled and graced with wonderful proportions, beautiful hardwood floors throughout, and very high ceilings.

From a semi-private landing one enters a grand 30-foot-long central gallery that leads to the main entertaining rooms. The perfectly proportioned luxuriously large living room with side park views, wood burning fireplace and herringbone hardwood floors. The adjacent formal dining room is made for entertaining, with enough space to easily seat 20 and 2 large windows with a clear view South over the low buildings of the Historic District. Next to the living room is a 4th bedroom or library, the original library doors are intact, this room also has side Park views and access to a windowed jack and jill bathroom. There are three additional large bedrooms. The primary bedroom in the northwest corner is overlooking Central Park with four huge windows letting in the most gorgeous light.
2 Available Listings for Sale from $4,250,000

Joseph Cayre — Sold for $4,350,000

160-Central-Park-South-01 J.W. Marriott Essex House, #1105 (Core Group Marketing LLC)
Central Park South condos
Midtown West condos
Real estate developer Midtown Equities' portfolio includes the former Barneys flagship on the Upper East Side, Battery Maritime Building in Lower Manhattan, and Empire Stores in DUMBO. Until recently, founder Joseph Cayre counted an apartment at J.W. Marriott Essex House among his personal holdings; public records show that he has recently offloaded it. CORE Group Marketing, the brokerage founded by his son, Jack Cayre, had the listing.

From the Listing:
Welcome home to Residence 1105 at the iconic Essex House. Boasting unobstructed views of Central Park from every room through floor-to-ceiling windows, this two-bedroom, two-and-a-half-bathroom home offers timeless city vistas, light, and space. Ideal for entertaining, the living and dining room lies open to the chef’s kitchen offering impressive counter and storage space and is equipped with Gaggenau, Miele, Sub-Zero, and Fisher & Paykel appliances.

Enjoy your own private wing with the ideal split bedroom layout. Each bedroom boasts a wall of windows, a gracious walk-in closet, and a luxurious en-suite bathroom with fittings by Waterworks, Toto, and Duravit. Additional luxuries include a convenient powder room, an in-unit Bosch washer/dryer, and INNCOM by Honeywell system to control the temperature and lighting.
15 Available Listings for Sale from $595,000
11 Available Listings for Rent from $6,500/month

Steven Sall — Bought for $4,265,000

570-Broome-Street-01 570 Broome Street, #13A (Serhant LLC)
Hudson Square condos
Soho condos
Before founding women's apparel company Republic Clothing Group, Steven Sall's resume included work with labels like Christian Dior, Tahari, and Oscar de la Renta Blouses. Appropriately enough, he has purchased a Hudson Square apartment located a short distance from Soho's most luxurious designer flagships; public records list the seller as The Metals CFO Craig Shesky.

From the Listing:
Rarely available, 570 Broome Residence 13A is a one of a kind- split 2-bed, 2.5-bath corner loft with high ceilings, unobstructed views, and amazing natural light in every room. At 1,470 internal square feet and 330 square feet of private outdoor space, Residence 13A is the largest two-bedroom in the building and is only one of four residences at 570 Broome with a private terrace.

Features of 13A include an open living / dining / kitchen layout with gorgeous views of the Hudson River and One World Trade. The open chef’s kitchen has a full suite of Miele appliances including a four-burner gas range with built-in vented hood, convection oven, speed oven, refrigerator and dishwasher. Additional highlights include Calacatta marble countertops and backsplash, Lineadecor walnut-stained oak cabinets and Zucchetti fixtures. The 11-foot-long kitchen island offers abundant seating and storage.

Stephen Dabah — Bought for $3,575,000

165-East-72nd-Street-01 165 East 72nd Street, #17AC (The Corcoran Group)
Lenox Hill co-ops
Upper East Side co-ops
Mindset Spaces offers co-working space for therapists with soundproof rooms, spaces catering to talk and physical therapy alike, and state-of-the-art ventilation systems. However, company co-founder Stephen Dabah appears to have plenty of space to spread out in his new Upper East Side apartment — the five-bedroom home measures 3,000 interior square feet and has a private terrace as well.
5 Available Listings for Sale from $475,000

Michael Greif — Sold for $2,750,000

Soho lofts 292 Lafayette Street, #6W (Sotheby's International Realty)
NYC co-ops
Contrary to what some have feared, creatives are not leaving Soho only for hedge fund managers to take over. The prewar loft of Tony-nominated theater director Michael Greif is proof of that: Less than a year after he listed it in October 2022, public records show that he sold it to screenwriter/producer Joby Harold and producerTory Tunnell. a married couple with a number of projects together in the works.

From the Listing:
This bright and airy home encompasses ~1,500 square feet with soaring 10’8" ceilings and 8 enormous double-height windows with light streaming through every room. The perfect blend of the cool industrial aesthetic of Soho’s late 19th century combined with unique upgrades, this impeccable loft is breathtaking and features pre-war details such as solid wood columns, exposed brick, French doors and pristine hardwood floors throughout.

This residence is a “one of a kind” space with a wide-open living/dining/ kitchen concept graced with multiple possible configurations to make it your own. The open chef’s kitchen is fit to entertain with ample storage and generous counter space. With two bedrooms plus two extra bonus rooms that offer additional interior sleep spaces or an office/den, this authentic and soulful home offers the best of loft living. The primary bath is adorned with stone tiling, a classic New York pedestal sink, deep soaking tub and subtle built-in storage.

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