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A blog from CityRealty (Links below will take you to the 6sqft site)

NYC Real Estate Roundup

JUNE 6, 2012

Big tickets: The last sponsor unit in the Stanhope cond-op at 995 Fifth Avenue, listed at $30 million, is in contract. The 8,360-square-foot, seven-bedroom apartment has been on and off the market since the building’s conversion from its former life as the Stanhope Hotel five years ago. The unnamed buyer is reportedly a New York-based family (TheRealDeal).

When it comes to residential (co-ops, condos and 1-3 family homes) sales volume for Q1 of this year, Manhattan is the star performer among the five boroughs according to real estate consulting firm Miller Samuel. Manhattan accounted for 62.5 percent of all residential sales dollars in NYC during that time, the highest market share in almost a decade (Matrix).

The condominium residences at 400 Fifth Avenue above the Setai Hotel are 60 percent sold. The building offers residents hotel-class services including home catering, valet parking, housekeeping, a fitness center and on-call medical staff. There are still nine units available, including a penthouse asking $32 million (CurbedNY).

The second of several planned townhouse developments is finally rising at the State Street Renaissance Townhouse Project between Downtown Brooklyn and Boerum Hill. Homes in the development’s second phase, called the Nine Townhouse Project, will feature five floors with 4,000 square feet of living space and 10-22-foot ceilings, and will be priced starting at $3.5 million (Brooklyn Eagle).

The landmarked James J. White building at 361 Broadway in TriBeCa will be home to 14 spacious duplex apartments, topped by two even-bigger bi-level penthouses. Plans for the duplex penthouses atop the restored neo-Grecian cast iron building are being presented by Japanese architect Shigeru Ban, designer of the Metal Shutter Houses at 524 West 19th Street on the High Line; plans show the architect’s signature movable glass surrounding the exterior and double-height glass-walled interiors (CurbedNY).

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