Linden78 - 230 West 78th Street - Upper West Side

Rendering by Handel Architects

Sales are officially underway at Linden78, a full-service luxury condo at 230 West 78^th Street, between Broadway and Amsterdam Avenue.  Only on the market since late fall, there already has been tremendous interest in this 32-unit property, which is anchored by a quiet, tree-lined street in the heart of the Upper West Side.  Only two residences per floor.

Linden78 offers oversized two, three, four and five bedroom residences. A limited collection of full floor penthouses are also available. Residences boast nine to eleven foot ceilings, huge walk-in closets and wide plank fumed oak floors. Many homes feature one-of-a-kind layouts, abundant windows, expansive entry foyers and fireplaces with granite surrounds and hearths in the penthouse homes.

The 21-story building was designed by the award-winning firm Handel Architects.  The architect’s goal was to unite two bold aesthetic visions. From the street, Linden78 blends seamlessly into the predominantly pre-war neighborhood via classic brick facing and Parisian-style balustrades. Rising from the building’s setback on the 16^th floor is a dramatic modern, glass curtain wall. All the interiors are custom designed and feature high-end contemporary finishes.

Each of the homes feature an eat-in, gourmet chef’s kitchen, many with windowed breakfast area; classic Pietro Bianco Luna countertops complement sleek stainless steel appliances by Viking and Miele, and InSinkErator disposals complete the top-of-the-line package. Elegantly appointed master bathrooms feature Lagos Azul limestone floors, Luce di Luna countertops, Mezzanine Mink glass wall tiles, Waterworks sconces, Kohler six-foot Tea-for-Two soaking tub and oversized glass stall shower. The second bath features Bluestone mini-brick stone floors and Carrera marble countertops.

Immediate occupancy is available at Linden78, now complete and offering 2,3,4,5 bedroom and full-floor homes.

Prices start at $1,560,000 with a 421a tax abatement.

Offering Plan Accepted at The Aldyn

The offering plan has been accepted at The Aldyn, a new luxury residential 40 story building at 60 Riverside Boulevard on the Upper West Side of Manhattan. The Aldyn has rental apartments on the second through tenth floors and condominium apartments from the 11th floor through the 40th floor.

The Aldyn Residences, Athletic Club and Spa includes 40,000 square feet of amenities overlooking the Hudson River. Sports lovers and athletes will love LA PALESTRA Athletic club & Spa designed by Roman and Williams:

•Fitness Center with Yoga, Pilates, Personal Training, and Kinesis Rooms

•75' Swimming Pool and Hot ub

•Rock Climbing Wall

•Basketball Court

•Squash Court

•Bowling Alley, Game Room, and Club Lounge

•Golf Simulator

•Private Treatment Rooms

•Men & Women's Locker Rooms, Suana and Steam Rooms

•Private Landscaped Garden

The Residences include Brazilian Cherry Flooring, 9' ceilings, Bosch Washer and Dryer's. Choice of kitchens in teak or white cabinetry, Decorative Metal Pulls and Dishrack, Custom Lighting, Blizzard Quartz Countertops with Caldia Marble Chef Block, Blizzard Quartz backsplash with Integrated Teak Spice Shelf, Smeg Dual Fuel Range, Smeg Energy Star Rated dishwasher, Miele Refrigerator/Freezer Wine Refrigerator and Microwave Oven. The bathrooms feature Bianco Dolomite marble lors and Walls, Teak Accent Wall Panels, teak vanity and Mirrored Cabinetry, Marble Countertop and Backsplash, Zuma Tub, Waterworks Brushed Nickel Fixures and Toto Toilet.


One Bedrooms: 739 - 839 square feet starting at $775,000 - $1,195,000
Two Bedrooms: 1,071 - 1455 square feet starting at $1,425,000 -2,195,000
Three Bedrooms: 1,618 -2075 square feet starting at $2,600,000 - $3,350,000
Four bedroom: 2,505 - 2,755 square feet starting at $4,000,000- $4,950,000
Six Bedroom Duplexes and Penthouse Residences with terraces and pool 2,930 -5960 square feet range from $6,300,000 to $17,500,000.

Courtesy: Mitchell Hall, Associate Broker, The Corcoran Group

Bloomberg TV Presents Special Real Estate Report

BLOOMBERG TELEVISION PRESENTS SPECIAL REAL ESTATE REPORT:
"THE PROPERTY PLAYERS"

Bloomberg TV's Betty Liu Interviews Top Names in Real Estate

Beginning today, January 10th, Bloomberg Television's "In the Loop with Betty Liu" (airing 8:00-10:00 AM/ET) will present a special series focusing on major players in commercial and residential real estate.

Tune in this week and next week during the 8 AM/ET hour to see live interviews with CEOs of major real estate companies, offering an insider's take on a real estate market that has gone from boom to bust and back again.

Guests on "The Property Players" will include:

· Interviewed Today: Steven Tanger, President & CEO of Tanger Factory Outlets,

· Tuesday, 1/11, 8:35 AM/ET: Anthony Malkin, President of Malkin Holdings and owner of New York City's Empire State building

· Wednesday, 1/12, 8:35/ET: William Macklowe, CEO of William Macklowe Co.

· Thursday, 1/13, 8:35/ET: Charles Cohen, President & CEO of Cohen Brothers Realty

· Tuesday, 1/18: William Rudin, CEO of Rudin Management Co.

· Wednesday 1/19: Jeff Blau, President of Related Companies

· Thursday, 1/20: Joel Beam, Portfolio Manager, Forward Management

View the Steven Tanger interview here:
http://www.youtube.com/user/Bloomberg#p/a/u/0/oAWvo8x2r8o

View promo here:
 http://www.youtube.com/watch?v=9z2PebwqOKI

Fourth Quarter 2010 Manhattan Market Report

The Fourth Quarter Corcoran Report 2010  has been published is available to download  and is live on corcoran.com

2010 has been an encouraging year in Manhattan real estate, which experienced a 20% boost in sales transactions compared to full-year 2009, even with a 17% decrease in sales transactions in Fourth Quarter 2010 compared to the same quarter in 2009.

Following normal seasonality, market-wide Fourth Quarter sales were 11% lower than Third Quarter 2010. In Fourth Quarter 2010, mortgage rates remained at very attractive levels with the 30-year fixed-rate mortgage hitting a record low in November.

Pricing market-wide is stable. The Fourth Quarter median price for all market-wide transactions increased 3 percent from a year ago to $825,000, while average price per square foot remained even at $1,030. Pricing typically eases at the end of the year and 2010 was no exception; compared to Third Quarter 2010, median price declined 5% while average price per square foot remained unchanged, in large part to a higher percentage of smaller apartments having sold this quarter.

New development sales accounted for 19 percent of market-wide transactions this quarter, down slightly from Third Quarter 2010 but even with Fourth Quarter 2009. Prices of new development sales have clearly re-adjusted and were lower from both a year ago and the Third Quarter. However, a continued decline in and a limited outlook for new inventory is reducing options and intensifying competition among buyers who favor new developments.

Happy New Year - Manhattan 2011

Manhattan real estate ended 2010 positive. Manhattan real estate seems to have weathered the financial storm. The week between Christmas and New Years', traditionally a slow period was very busy, a strong indicator that the first quarter of 2011 will be very active.

Interest rates are still low and bonuses should bring a strong market. There is demand and shortages for large apartments. The 4th quarter market reports will be out this week. I will post the Corcoran 4th quarter report ASAP.

Happy New Year and best wishes for 2011.