HOUSE_OVERSIGHT_022437.jpg
1.72 MB
Extraction Summary
3
People
6
Organizations
11
Locations
3
Events
3
Relationships
4
Quotes
Document Information
Type:
Media article / publication page
File Size:
1.72 MB
Summary
This document is a page from a publication discussing luxury real estate developments on Manhattan's Upper East Side. It details pricing and features for several new buildings, including Citizen360, a DDG project at 180 E. 88th St., and conversions by Michael Paul Enterprises, featuring quotes from developers and a recent buyer. Although the user prompt requested analysis as an 'Epstein-related document', the text itself has no mention of Jeffrey Epstein; its potential connection is implied only by the footer 'HOUSE_OVERSIGHT_022437', suggesting it was collected as an exhibit for a congressional investigation.
People (3)
| Name | Role | Context |
|---|---|---|
| Barbara van Beuren | Managing Director |
Managing Director of Anbau. Quoted about the development of Citizen360, stating the site was undervalued.
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| Michael D'Alessio | President |
President of Michael Paul Enterprises. Quoted about his firm's projects converting rental buildings into luxury condo...
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| Elizabeth Dean | Home Buyer / Finance Professional |
A 29-year-old first-time home buyer who works in finance. She purchased a unit in Carnegie Park, Yorkville, after ini...
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Organizations (6)
| Name | Type | Context |
|---|---|---|
| SHoP Architects |
Credited with the photo/rendering for the Citizen360 skyscraper.
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| Anbau |
Real estate development company, for which Barbara van Beuren is the managing director. Involved with the Citizen360 ...
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| Glaser's |
A 113-year-old Jewish bakery located one block from the Citizen360 project.
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| DDG |
A development company building an under-construction building at 180 E. 88th St.
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| Michael Paul Enterprises |
Company led by Michael D'Alessio that overhauled two rental buildings into boutique luxury condos. Also credited with...
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| House Oversight |
Appears in the document footer as 'HOUSE_OVERSIGHT_022437', suggesting this document is an exhibit or part of a colle...
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Timeline (3 events)
N/A
Overhaul of two rental buildings into boutique luxury condominium projects.
225 E. 81st St. and 554 E. 82nd St.
Michael Paul Enterprises
N/A
Elizabeth Dean's house-hunting process, which started in lower Manhattan and concluded with a purchase in Yorkville.
Lower Manhattan and Yorkville
Locations (11)
| Location | Context |
|---|---|
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Citizen360
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225 E. 81st St. (a.k.a The Justin)
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Relationships (3)
The text identifies her as 'Anbau's managing director'.
The text identifies him as 'president of Michael Paul Enterprises'.
The text states she is a 'first-time buyer' who was 'attracted' to Carnegie Park and 'paid $1,184 per square foot for her one-' [bedroom apartment].
Key Quotes (4)
"The site was highly undervalued because it was so far east, and there were no good transportation links, and people just weren't interested or willing to go there. But we saw opportunity."Source
— Barbara van Beuren
(Explaining why her company, Anbau, chose the location for the Citizen360 project.)
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Quote #1
"I think the absolute prices are manageable. This is not a building full of $10 million apartments."Source
— Barbara van Beuren
(Commenting on the pricing strategy for the Citizen360 apartments.)
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Quote #2
"They were prime locations for condominiums catering to families."Source
— Michael D'Alessio
(Describing the projects at 225 E. 81st St. and 554 E. 82nd St.)
HOUSE_OVERSIGHT_022437.jpg
Quote #3
"Originally, I wasn't going to go north of 86th Street. I didn't know what was above there."Source
— Elizabeth Dean
(Explaining her initial hesitation about looking for an apartment in Yorkville.)
HOUSE_OVERSIGHT_022437.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,413 characters)
the neighborhood, will have 6,000 square feet of amenity space that ranges from music rehearsal and art rooms to a gym and children's play area. Apartments go on sale this fall, with pricing in the $1.3 million to over-$12 million ballpark.
The latest rendering for skyscraping Citizen360.
Photo: SHoP Architects
Photo: SHoP Architects
"The site was highly undervalued because it was so far east, and there were no good transportation links, and people just weren't interested or willing to go there. But we saw opportunity," says Barbara van Beuren, Anbau's managing director. "I think the absolute prices are manageable. This is not a building full of $10 million apartments." Still, it points to a future far more expensive than the current data shows.
Just one block from 113-year-old Jewish bakery Glaser's, which churns out delicious black-and-white cookies, Citizen360's shimmery facade will rise 410 feet above street level. But trumping them all will be DDG's under-construction goliath on 180 E. 88th St. At 521 feet, it will be the tallest structure on the Upper East Side north of 72nd Street. Its 48 apartments with 16-foot ceilings and custom lobby artwork launch sales this fall, with two-beds starting from $3.4 million, three-beds from $4.5 million and four-beds from $7 million.
It's not all about living among the clouds, though. Michael D'Alessio, president of Michael Paul Enterprises, oversaw the overhaul of two smallish rental buildings east of Third Avenue into boutique luxury projects. "They were prime locations for condominiums catering to families," says D'Alessio of the projects, 225 E. 81st St. (a.k.a The Justin) and 554 E. 82nd St., which have nine apartments between them. "They are three or four bedroom units, with big living and dining areas with fireplaces, and they all have outdoor space." Six have been snatched up, with asks ranging from $2.25 million for a two-bedroom to $5.99 million for a four-bedroom.
A fireplace-sporting unit inside 554 East 82nd St.
Photo: Michael Paul Enterprises
Photo: Michael Paul Enterprises
Meanwhile, another rental-to-condo conversion - Carnegie Park - attracted first-time buyer Elizabeth Dean, who realized Yorkville offered more bang for her buck after house-hunting in lower Manhattan.
"Originally, I wasn't going to go north of 86th Street. I didn't know what was above there," says Dean, 29, who works in finance, paid $1,184 per square foot for her one-
HOUSE_OVERSIGHT_022437
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