HOUSE_OVERSIGHT_022442.jpg
1.62 MB
Extraction Summary
9
People
11
Organizations
5
Locations
1
Events
3
Relationships
3
Quotes
Document Information
Type:
Newspaper article / real estate news clipping
File Size:
1.62 MB
Summary
This document is a newspaper article from 'The New York Times' detailing the $37.94 million sale of a four-floor penthouse at 1355 First Avenue, NYC. The property was purchased by an anonymous American buyer via an LLC, 'CRE Acquisition L.L.C.', and the article discusses the luxury features of the building, called 'The Charles', and quotes real estate professionals on the changing market in the Upper East Side. The document footer 'HOUSE_OVERSIGHT_022442' suggests it is an exhibit from a congressional committee, but the text of the article itself contains no mention of Jeffrey Epstein.
People (9)
| Name | Role | Context |
|---|---|---|
| MICHELLE HIGGINS | Author |
Authored the 'Big Ticket' column for the newspaper.
|
| The Buyer | Property Buyer |
An anonymous American individual or entity who purchased the penthouse combination under the LLC 'CRE Acquisition L.L...
|
| R. Ramin Kamfar | Chief Executive |
Chief executive of Bluerock Real Estate, a developer of the Charles condominium.
|
| Beth Benalloul | Real Estate Agent |
From the Corcoran Group, represented the buyer in the transaction.
|
| Ismael Leyva | Designer/Architect |
Designer of the Charles condominium building.
|
| Ginger Brokaw | Associate Broker |
A broker with Town New Development handling sales at the Charles.
|
| Jason Karadus | Broker |
Also with Town New Development, handling sales at the Charles alongside Ginger Brokaw.
|
| David Collins | Interior Designer |
His firm, David Collins Studio, designed the interior finishes for the units.
|
| SAM HODGSON | Photographer |
Credited with the photograph of the building for The New York Times.
|
Organizations (11)
| Name | Type | Context |
|---|---|---|
| The New York Times |
Inferred source of the article, based on the photographer's credit.
|
|
| CityRealty |
An organization that tracks co-op and condo sales, cited as the source for the sale price being a record.
|
|
| CRE Acquisition L.L.C. |
The limited liability company used by the buyer to purchase the property.
|
|
| Bluerock Real Estate |
A developer of the Charles condominium project.
|
|
| The Victor Group |
Co-developer of the Charles condominium project with Bluerock Real Estate.
|
|
| The Corcoran Group |
Real estate firm that represented the buyer.
|
|
| Town New Development |
Real estate firm handling sales at the Charles condominium.
|
|
| David Collins Studio |
Interior design firm for the Charles condominium.
|
|
| Miele |
Brand of appliances mentioned as being in the kitchens.
|
|
| Sub-Zero |
Brand of appliances mentioned as being in the kitchens.
|
|
| HOUSE_OVERSIGHT |
Mentioned in the document footer (HOUSE_OVERSIGHT_022442), suggesting the document is part of a collection related to...
|
Timeline (1 events)
The week prior to the article's publication, ending on a Wednesday.
The closed sale of a three-apartment penthouse combination for $37.94 million, which was the most expensive sale of the week.
1355 First Avenue, New York, NY
CRE Acquisition L.L.C. (Buyer)
Beth Benalloul (Buyer's representative)
Locations (5)
Relationships (3)
The article states 'The buyers were represented by Beth Benalloul of the Corcoran Group'.
The article states Ginger Brokaw is 'handling sales at the Charles with Jason Karadus, also of Town'.
The article states Bluerock Real Estate 'is developing the project with the Victor Group'.
Key Quotes (3)
"It's like having a townhouse, but with views and the services of an ultraluxury condominium."Source
— R. Ramin Kamfar
(Describing the appeal of the large, combined penthouse unit.)
HOUSE_OVERSIGHT_022442.jpg
Quote #1
"There was always a line of delineation... West of Third was considered better than anything east of Third."Source
— Ginger Brokaw
(Explaining the historical real estate hierarchy on the Upper East Side.)
HOUSE_OVERSIGHT_022442.jpg
Quote #2
"a shift in luxury commercial and residential real estate toward the East River."Source
— Ginger Brokaw
(Describing the effect of the new Second Avenue subway on the local real estate market.)
HOUSE_OVERSIGHT_022442.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (2,950 characters)
seamlessly with a multigenerational com- for the city.
Big Ticket 1355 First Avenue | MICHELLE HIGGINS
Four Floors, One Apartment
A three-apartment penthouse combination, spanning the top four floors of the Charles condominium at 1355 First Avenue, sold for $37.94 million and was the most expensive closed sale of the week, according to city records.
$37,940,000
The price is the highest ever paid for a home on the Upper East Side east of Third Avenue, according to CityRealty, which tracks co-op and condo sales.
The common charges for PH1, an 11,740-square-foot quadruplex with 1,300 square feet of private terraces on two levels and views that extend north, south and from river to river, are $10,547 a month. Taxes are $4,048 a month, abated through 2020.
The buyer, who was shielded under a limited liability company, CRE Acquisition L.L.C., created the sprawling unit by combining the original duplex penthouse, priced at $16.5 million, with the two contiguous floors beneath, one priced at $10.81 million and the other at $10.63 million.
The three apartments, on floors 29 to 32, comprise a dozen bedrooms and 12 and a half bath-
SAM HODGSON FOR THE NEW YORK TIMES
1355 First Avenue
1355 First Avenue
rooms. But according to a publicist for the Charles, the buyer, who is American, is creating a custom configuration with 12-foot ceilings and a private elevator.
"It's like having a townhouse, but with views and the services of an ultraluxury condominium," said R. Ramin Kamfar, the chief executive of Bluerock Real Estate, which is developing the project with the Victor Group.
The buyers were represented by Beth Benalloul of the Corcoran Group, who declined to comment.
The Charles, a 27-unit glass-and-limestone condominium designed by Ismael Leyva, is on First Avenue between 72nd and 73rd streets, a neighborhood with more tenement-style walk-ups and postwar high-rises than ritzy townhouses and luxury condos.
"There was always a line of delineation," said Ginger Brokaw, an associate broker with Town New Development, who is handling sales at the Charles with Jason Karadus, also of Town. "West of Third was considered better than anything east of Third." But now, with the Second Avenue subway underway, she said, there has been "a shift in luxury commercial and residential real estate toward the East River."
Units at the Charles have eat-in kitchens with Miele and Sub-Zero appliances, soundproofing components like under-floor padding, and master bedroom suites with dressing areas, walk-in closets and marble soaking tubs. Interior finishes, designed by David Collins Studio, include white oak and marble floors.
Building amenities include a children's lounge, private storage, a fitness center, a game room and 24-hour doormen and concierge. Five full-floor four-bedrooms are still for sale from $6.58 million to $9.88 million.
Big Ticket includes closed sales from the previous week, ending Wednesday.
HOUSE_OVERSIGHT_022442
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