Former Morgan Stanley CEO John Mack has been hiding out in this 3,650-square-foot duplex penthouse in the Lenori while he waits for the renovations to be finished on his East 70th Street mansion (featuring a 12-car garage), which he purchased for $13.5 million in 2009. But now that it’s time to move out, Mack seems to be having more trouble unloading the Leonori penthouse than he thought he would. After listing it for $22.5 million in February, he’s had to chop the price twice, once down to $19.5 million and now to $16.25 million. Perhaps the decor, which one commenter described as being in the “Early Grandma” style, is turning buyers off, or maybe it’s just the fact that the apartment, which features a large terrace and solarium, was originally asking over $6,000 per square foot (it’s now down to a more reasonable $4,452/square foot). Mack also switched brokerages, from Sotheby’s to Elliman, meaning that we get some new pictures to gawk at, and, if we had to guess, we’d say that the man is running out of patience. Could further pricechops be in the penthouse’s future?
Tag Archives: Bedford Hills Real Estate
One-Foot-Wide Path to Hamptons Beach Sells for $120,000 | Bedford Hills Real Estate
Ordinarily, when Suffolk County, New York, takes over a small piece of land for back taxes, they like to sell it off cheap. As in, maybe ten bucks. But when the little piece of land is a path that leads to a beach in the Hamptons … well, things may take a different course, reports Newsday (“Bidder buys 1-foot-wide strip of Napeague land for $120,000,” by Mitchell Freedman).
Reports Newsday: “The battle royale began after Suffolk — which acquired the wooded ribbon of land in 2003 for nonpayment of taxes — tried to sell the property in Napeague to any of the six adjoining land owners for $10. Four of the owners didn’t respond to the offer to submit a bid but the other two were so interested the county set up a face-to-face auction and imposed a $1,500 minimum bid.”
Marc Helie (of Manhattan firm Chevalier Investments, LLC) and Kyle N. Cruz (a managing director at Centerbridge Partners LP in Manhattan) jumped quickly to bids of $5,000, $12,000, and $17,000. Cruz folded after Helie saw his $115,000 and raised it to $120,000.
The parties aren’t talking about what they saw in the slender property. But SuffolknCounty official Wayne R. Thompson commented: “I gathered one guy really did not want the other one walking over his property to the water.”
Installing Kitchen Cabinets Solo | Bedford Hills Real Estate
Next time you’re hanging around a bunch of carpenters and the conversation starts to lag, ask whether it’s more efficient to hang kitchen wall cabinets with one or two people. I’ve done it both ways, and have found that I can do the job more efficiently alone. This may sound surprising. Without a helper, positioning overhead cabinets can be a real balancing act, with the installer struggling to brace a cabinet with one hand while reaching for a clamp with the other. Dropping the cabinet may mean ordering a costly replacement, and putting the job on hold while you wait. But it doesn’t have to be that way. Solo installation can be easy; all you need are a few simple brackets and clamps, the right kind of fasteners, and a good organization system. If after reading this article you’re still not ready to go it alone, these tools and techniques will still make the job go smoother for two people.
Uppers First
Many cabinet installers put the base cabinets in first, then use them to support the uppers. This sounds good, but I find it’s inefficient. Not only must you reach over the base cabinets to hang the uppers — a position my back loudly complains about — but there’s a real danger that you’ll damage the base cabinets as you work over them. Installing the uppers first also leaves plenty of room to get under them to make adjustments, and lets you stand next to the cabinet when working — a position that my back seldom complains about. The only problem is that you might forget about the uppers when installing the lowers. You would be surprised how easy it is to unthinkingly stand up and whack your head. To temporarily support the upper cabinets, I use a set of easy-to-build wall-support brackets. No high-tech gimmickry here, just some plain old 1×4 pine that can be screwed or nailed together in a few minutes (see Figure 1).
I make my brackets 52 inches long (a few inches shorter than the common 54-inch upper height) and fasten them to the wall with two screws each. I then place the cabinet on the brackets, shim it to the proper height, and clamp it to the adjacent cabinet. That leaves both hands free to screw the face frames together and to fasten the cabinet boxes to the wall.
Classic Harborfront ‘Cottage’ on Vinalhaven Listed for $3.6M | Bedford Hills Real Estate
Location: Vinalhaven, Maine
Price: $3,600,000
The Skinny: Built in 1904 as one in a long line of Maine “cottages,” Stonecropboasts 11 bedrooms and 4.4-acre property that spills downhill to a dock on the edge of the Fox Island Thoroughfare, the channel that separates Vinalhaven from neighboring North Haven. Joined on the property by a pair of historic boathouses, the main shingle-style cottage includes plenty of historic charm, with a stone fireplace, ceiling beams, and “one-of-a-kind beautiful Japanese-style wall panels.” Worryingly, the listing includes no photos of the kitchen or bathrooms, suggesting that after the buyers are done forking over $3.6M for the property, they should be ready to spend thousands more to bring it up to date.
Classic Harborfront ‘Cottage’ on Vinalhaven Listed for $3.6M – House of the Day – Curbed National.
Preparing Gracie Mansion for a New (Live-In?) Mayor | Bedford Hills Real Estate
A convoy of vans and pickup trucks swarmed the house on Tuesday morning, a home-repair SWAT team armed with ladders and paint brushes, scaffolding and plywood.
By 9 a.m., the driveway was jam-packed, so four of the vehicles hopped the curb and unloaded equipment in a nearby park.
The beneficiary of all the frantic sprucing up: the next mayor.
As Michael R. Bloomberg prepares to leave office, his staff has ordered a last-minute gussying up of the stately home where he has never lived but where his successor undoubtedly will.
Workers from New York City’s parks department have descended on Gracie Mansion to repaint and re-wallpaper, not to mention fix railings and rooftops before the weather turns cold and a new occupant arrives.
Outside the house, a laborer described the work as the “big push by the mayor to leave the home in ——”
A passer-by jumped in to ask, Pristine condition?
Yes, the worker said. “Pristine.”
Gracie Mansion is no stranger to periodic work: at Mr. Bloomberg’s direction, it has undergone extensive remodeling and redecorating. Soon after his election, the mayor asked his adventurous longtime decorator, Jamie Drake, to make an effort at updating the house, originally built in 1799 and located at what is now 88th Street and East End Avenue.
A few months and $7 million later (all of the money was privately raised), the mansion had new floors, plumbing, lighting and ventilation, as well as fanciful touches like a four-post mahogany bed, an 1820s chandelier and fake-bamboo furniture.
This time, much of the work is on the outside. Workers will repoint the base of a chimney, repair a damaged section of fence, repaint shutters and replace security lighting on the roof.
City Hall on Tuesday called it routine summer maintenance, not unlike that in 2010, when the fake-marble floor in the foyer was restored, or 2008, when ultraviolet protection was applied to windows on the second floor.
The wear and tear has intensified since Mr. Bloomberg, who chose to remain in his town house on East 79th Street throughout his mayoralty, opened Gracie Mansion to the public in 2002 as a kind of living museum. “It’s 200 years old and now sees a couple hundred thousand visitors a year,” said Marc LaVorgna, a spokesman for Mr. Bloomberg, “so it requires a lot of regular maintenance like this.”
This, however, will be the last round of beautification during Mr. Bloomberg’s tenure, and it is extensive, bearing all the hallmarks of the mayor’s keen eye for detail: even the brick steps in the basement are to be repaired.
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Recovery Lags in Baltimore, Philadelphia, Rockford, Fresno, Stockton | Bedford Hills Homes
Markets in northern Maryland, southeast Pennsylvania and downstate Illinois are lagging the furthest behind in the recovery while metro area markets in upstate New York, southwest Florida and the Bay Area of Northern California are leading the housing recovery, according to RealtyTrac’s Housing Market Recovery Index.
The market recovery index in Baltimore was lowest among the 100 major metro areas ranked in the report thanks to underperforming numbers for all factors except for underwater percentage and cash purchase percentage. Although home prices have risen 9 percent from the bottom in Baltimore, that is short of the 19 percent increase nationally. Similarly, foreclosure activity was down 26 percent from its peak in Baltimore, but that decrease is well below the 65 percent decrease nationally. The Maryland metro of Hagerstown-Martinsburg also posted one of the five lowest recovery index scores.
Two metros in southeastern Pennsylvania posted total index scores that were in the five lowest among the 100 major metro areas ranked in the report: Allentown and Philadelphia. Although both had below-average percentages of underwater homeowners and distressed sales, both also underperformed in the areas of home price increases, foreclosure decreases, institutional investor and cash purchases, and unemployment rate.
An 11 percent unemployment rate helped place Rockford, Ill., among the five lowest recovery index scores. The downstate Illinois metro area also underperformed in the areas of underwater homeowners, decrease in foreclosure activity, percentage of distressed sales and cash sales, and rebounding home prices.
Three California metros posted recovery index scores among the 20 lowest despite above-average increases in home prices: Fresno, Visalia-Porterville, and Stockton. Unemployment rates above 12 percent, along with above-average percentages of underwater homeowners and distressed sales, lowered the index scores in these Central Valley California cities.
Four Florida cities posted recovery index scores among the 20 lowest: Pensacola-Ferry Bass-Brent, Tallahassee, Ocala, and Port St. Lucie. All four cities had above-average percentages of underwater homeowners along with below-average participation by institutional investors.
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Americans think New Yorkers are rude, Californians are hot but crazy: survey | Bedford Hills Real Estate
Americans think New Yorkers are rude but serve the best food and Louisiana has had a few too many, according to a recent survey.
Business Insider polled about 1,600 Americans about their views on the other states, asking them to identify the drunkest, dumbest and most overrated of the 50. The results were displayed in a series of amusing maps that tell you a lot about the reputations and stereotypes of different parts of the United States.
Not surprisingly, New York was deemed both the rudest and most arrogant state. People said the residents of Georgia and Minnesota were the nicest, but many states in the South received a large number of the votes.
RELATED: NEW YORKERS TOP LIST OF BEST TIPPERS: SURVEY
Even though the rest of the country doesn’t think New Yorkers are the most hospitable folks, they do admit that great food comes out of the Empire State. New York earned nearly 20% of the votes in that category, while California and Louisiana were also lauded for their fine cuisine.
Americans think New Yorkers are rude, Californians are hot but crazy: survey – NY Daily News.
Connecticut increases protection for homeowners against foreclosure | Bedford Hills Real Estate
According to Stamford, Connecticut Governor Dannel Malloy signed a new housing bill into law that will increase homeowners protection from foreclosure.
“It will help keep more people in their homes, it will help the homeowner, it will help the lender and help the neighborhoods,” Malloy said during his first bill-signing in his hometown.
Broker-priest gives voice to disillusioned agents | Bedford Hills Real Estate
Just recently Barry Smith received a rather jarring voice mail.
“It is disgusting. It is almost like you are portraying the devil,” the caller said in a quavering voice, according to Smith, owner of Washington, D.C.-based Domus Realty. By Smith’s account, the caller later added: “You’re like the dark side, and the dark side does not see well.”
The message represents just one of many reactions to a colorful job ad that Smith, once a philosophy professor at Georgetown University, recently penned and fired off to what he said were about 10,000 email addresses.
Calling for an “agent-priest,” the job ad has struck a chord with some real estate professionals who say it has given voice to their disillusionment with broker culture. At the same time, some readers of the post, like the woman who seemed to view Smith as something of a Sith lord, have found its cynical tone deeply unnerving.
The second reaction may be understandable: Certain passages in the ad, titled “Domus Realty — From Agony to Ecstasy,” express approval of prospective agents who wish to hurl both gadgets and themselves out windows, “scorn happy faces” and may commit suicide if the world “does not soon remedy or cure its superficiality and shallow notion of freedom.”
But Smith, who once taught college classes with titles like “Nietzsche and Postmodernity” and “Freud and Philosophy,” argues that critics of the ad may not fully appreciate its tongue-and-cheek hyperbole, and also could be missing what he says is its ultimately redeeming message.
– See more at: http://www.inman.com/2013/08/19/broker-priest-gives-voice-to-disillusioned-agents/#sthash.9ptammcE.dpuf
10 superpowers of the world’s greatest social media marketer | Bedford Hills Real Estate
When I was little I so wanted to be a superhero. I couldn’t wait to get home from school to watch cartoons. I marveled at the mild-mannered Clark Kent’s quick change from reporter to Man of Steel and the amazing Wonder Woman with her ability to miraculously foil the bad guys without ever breaking a sweat. I haven’t forgotten my dream, although truthfully I never imagined it would require superhuman feats to be successful in life. Juggling friends, family, health and career just to enter the game.
What’s become more and more apparent in the world of online marketing is that the game has changed and we all need to become superheroes if we want to be heard above the noise. Now that everyone is a publisher, it’s not enough to create content and send out a few tweets: Your Spidey sense has to kick in, allowing you to really listen to your audience, create compelling content, and share it with an audience that you’ve taken the time to nurture.
While we may not be able to leap tall buildings in a single bound, we still have the potential to do great things. Here’s a good place to start. Let me know what superpowers you think are required to be a great marketer and I’ll add them to the list.
– See more at: http://www.inman.com/next/10-superpowers-of-the-worlds-greatest-social-media-marketer/#sthash.4V2oly07.dpuf
10 superpowers of the world’s greatest social media marketer | Inman News.