It's Essential


Lady Gaga’s former Central Park penthouse is now a $33K/month rental!

Amy Plitt

A celeb-magnet penthouse, most recently rented by Lady Gaga, has returned to the market for $33,000/month. The apartment, located within 40 Central Park South, has been home at one point or another to not just Gaga, but also Lance Armstrong, Liza Minnelli, and Broadway impresario Michael Bennett. What’s so appealing about the place? Privacy, for one: The listing ... Read More >>

Live like a star in Lady Gaga's former Central Park South Penthouse!

Jennifer Gould Keil - New York Post

Lady Gaga’s former penthouse at 40 Central Park South is now on the market as a $33,000-a-month rental. It’s the literal Haus of Gaga, which is what her creative team of stylists, makeup artists and prop designers is called. The duplex is where she is seen vegging out in the recent documentary: “Gaga: Five Foot Two,” currently streaming on Netflix. The ... Read More >>

Recent Commercial Real Estate Transaction

RECENT SALE $5.2 MILLION 219 East 60th Street (between Second and Third Avenues) Manhattan A Buddhist group has bought this vacant 5,200-square-foot, mixed-use, five-story building, with original woodwork, ceiling-height pocket doors and open floor plan offices in the design district in Midtown East. The building is to be used for the group’s religious space, offices ... Read More >>

Are buyers flinching just as new developments hit the market?

WSJ - Ariel Stulberg

With the fall selling season upon them, developers are breaking out the bubbly, hosting swanky parties to spread the word about dozens of new projects. But will enough buyers be interested? At Toll Brothers City Living’s 1110 Park Avenue, Zeckendorf’s 520 Park Avenue, and the condo conversions at the Chatsworth and at Ben Shaoul’s 100 Barclay Street, and many ... Read More >>

RSP buys 58 units at the Sheffield from Fortress for $25M

Rey Mashayekhi

Nearly 600-unit Midtown condo tower rescued from foreclosure in 2009 Private equity giant Fortress Investment Group sold 58 separate units at its Sheffield condo tower to RSP Companies for $25.25 million – more than the $20 million it spent to acquire the Midtown building at a foreclosure auction in 2009. Fortress closed on the sale of the units, at 322 West 57th Street in ... Read More >>

Why are so many investors betting on rental housing?

The Real Deal, By Konrad Putzier

Blackstone, Starwood and others cashing in on declining homeownership Middle-income rental buildings are all the rage these days among some of the country’s biggest real estate investors. Take the Blackstone Group, which recently dished out $700 million for the Caiola family’s Manhattan portfolio, or the Related Cos. stealth acquisitions of multifamily ... Read More >>