The Big Apple: Luxury sales surge along with wages

COLUMNIST RAILS AGAINST HOUSING DISCRIMINATION BY RACE

Mayor Bloomberg’s Commission on Human Rights is a “nearly invisible joke,” contends Errol Louis in the New York Daily News. Says he:

The agency’s 2009 annual report included a single paragraph on housing discrimination with no information on Continue reading

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Weekly Roundup: Mortgage rates hit record lows

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out another of today’s three posts.

HAVING SOLD HIS SOHO APARTMENT, HE HAS DESIGNS ON THE HIGH LINE IN WEST CHELSEA

SPORTS FIGURE FAKES A $4.4 MILLION LISTING IN 2005, FINALLY SCORES AFTER A PRICE CUT TO $2.675 MILLION

REAL ESTATE MOGUL’S PENTHOUSE ON CENTRAL PARK WEST FINDS UNNAMED BUYER FOR $40 MILLION, OR $10,259/SF

MEANTIME, THE SAME MOGUL HAS HIS OFFER ACCEPTED FOR Continue reading

Out and About: Even rich buyers must compromise

At 15 Central Park West, this condo was recently listed for $16.5 million

I recently visited a duplex condo in a new building on the Upper West Side,  It was the last of the sponsor’s units still on the market, and I imagined that a unit priced at $10 million would be flawless.

But I see the apartment, in the mid 70s between Broadway and Amsterdam Avenue, as having three major liabilities.

First, combined from two relatively small rooms, the dining room now has matching protrusions on either side that probably would make it next to impossible for anyone to squeeze by a seated guest.

Second, Continue reading