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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He agrees to an incredible shrinking price

Eddie Murphys nice little place in New Jersey

Eddie Murphy's nice little place in New Jersey

Nearly five years after his seven-bedroom Englewood, N.J., mansion went on the market for $30 million, Eddie Murphy has cut the asking price by $15 million, reports the New York Daily News.

Celebrity comings and goings such as his are recorded in my free bi-weekly e-newsletter, which I write every two weeks.  The next issue is tomorrow around noon.

Known as Bubble Hill (with uncommon prescience), Murphy’s 25,000-sf dwelling, on a five-acre estate, comes complete with a bowling alley, theater and recording studio.  Among its 32 rooms are a full-size racquetball court, indoor pool, elevator and a carriage house with gym.  Annual taxes are $197,723.

When the property first hit the market in 2004, it became the most expensive single-family home in the Garden State.

And, oh, if you’d like to make an offer, do call me.  Morning, noon or the middle of the night.

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

Malcolm@ServiceYouCanTrust.com
http://www.ServiceYouCanTrust.com

Poor Stuyvesant Town is in serious trouble

The sprawling Manhattan apartment complex known as Peter Cooper Village and Stuyvesant Town – acquired for $5.4 billion in 2006 by a venture of Tishman Speyer Properties and a unit of Black Rock – is running out of cash, the Wall Street Journal reports.

As of the end of September, it had $33.7 million left of the $400 million in interest reserves set up to service its debt, according to the people familiar with the matter. At its current burn rate of about $16 million per month, the reserve could be depleted before the end of the year, the people said. Others have said the venture could avoid default until February. Continue reading

Did there suddenly come a rapping at this door?

Dead 160 years ago yesterday, Edgar Allen Poe lived for more than three years in what is now known as the Poe Cottage on Kingsbridge Road in the Bronx, writing such works as “The Cask of Amontillado” and “Annabel Lee,” notes the New York Daily News.

I didn’t find in a quick search where the poet wrote “The Raven,” but I discovered that it was first published in the long gone Evening Mirror on Jan. 29, 1845 as an “advance copy.”  So the Bronx cottage could not have been the site of any tap, tap, tapping.  Alas. Continue reading