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Sternlicht's neighbor is James Pallota, the investor and former Celtics minority owner. Pallota also owns a nearly 3-acre lot further inland with an assessed value of about $7 million. The home on East 61st Street is "a piece of history," according to its Zillow listing.
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One of the first families to live on Roosevelt Island sells 47-year home for a record price - New York Post
One of the first families to live on Roosevelt Island sells 47-year home for a record price.
Posted: Fri, 02 Feb 2024 08:00:00 GMT [source]
Coldwell Banker Warburg can help you find New York homes for sale and rentals. Refine your New York real estate search results by price, property type, bedrooms, baths and other features. View our New York real estate offices and let us help you find the perfect property. The Nantucket Current reported that there was nowhere else on the lot, which is surrounded by water, to move the home after so much of the land was swept away by rising sea levels. Coldwell Banker Warburg and Guaranteed Rate Affinity, LLC share common ownership and because of this relationship the brokerage may receive a financial or other benefit. You are not required to use Guaranteed Rate Affinity, LLC as a condition of purchase or sale of any real estate.
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This townhouse, the listing says, "epitomizes timeless elegance and architectural distinction." Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The tony island of Nantucket is a favorite among billionaires like former Google CEO Eric Schmidt and Blackstone leader Steve Schwarzman.
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The information is being provided by REBNY Listing Service, Inc. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Nantucket real-estate attorney Steven Cohen counts at least "five or six hot spots" for erosion around the island that threaten existing structures, including the local airport. He estimates one or two homes every year have to be moved or demolished because of the phenomenon, which threatens nearly every aspect of life on the island.
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Home with New York City views got 21 offers and sold for hundreds of thousands over asking price - NJ.com
Home with New York City views got 21 offers and sold for hundreds of thousands over asking price.
Posted: Mon, 18 Mar 2024 07:00:00 GMT [source]
Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC. Though it began with green aspirations, the rule has become a cornerstone of affordable housing on the island. Families with access to land but without the means to afford astronomical building costs often snap up the homes.
Many structures are also bought by the nonprofit Housing Nantucket, which converts them into income-restricted rentals for the island's year-round workforce. Under the rule, owners who want to tear down an existing home must advertise it in the local paper for 30 days. They are not required to offer the house for free, but in practice, many owners offer it for free to incentivize its removal. The listing says the Upper East Side home is four stories and has more than 10 rooms, including four bedrooms, four-and-a-half bathrooms and garden space, all spanning over 3,700 feet.
"Once owned by the legendary Frank Sinatra himself during his marriage to actress Mia Farrow," the listing says. "...Held within the family since Sinatra's tenure, this distinguished townhouse presents a rare opportunity for restoration and renewal in the Treadwell Farm Historic District." "Erosion takes out houses, roads, infrastructure, sewer beds, even airport runways," he told Business Insider. But property values on what was once some of the most valuable spits of coastal properties are now falling because of the erosion caused by storms and rising sea levels.
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New York is home to approximately 8,174,290 people and 3,781,520 jobs. Find your dream home in New York using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in New York are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in New York.
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In the past month, 2062 homes have been sold in New York. In addition to houses in New York, there were also 6645 condos, 913 townhouses, and 3328 multi-family units for sale in New York last month. New York is a fairly walkable city in Queens County with a Walk Score of 88.
For weekly email updates on residential real estate news, sign up here. Given the fast pace of the current market, some properties may no longer be available at the time of publication. The house won a Society of American Registered Architects’ design award.
"The owners didn't do anything fast enough — they've known these houses are going in the drink," Lockwood said. The "demolition delay" rule, as it's known, was initially implemented for environmental reasons, Cohen said. Island officials were concerned about an overflow of materials clogging local dumps. A representative for Sternlicht told Business Insider the house was to be demolished but did not provide further comment. Excavators demolished the home on Hummock Pond Road this week after a series of storms severely eroded the property.
I acknowledge that I have read and agree to the Terms of Use and Privacy Policy. Do you live in Nantucket and have a story about the effects of climate change on the island? Many homeowners on Nantucket who want to rebuild can't just knock down the homes on their properties. Some offer up the structures for free to those willing to take them off their lots. In 2020, hurricanes eroded the properties, and the town ordered one of the two homes on the land demolished, according to a Vanity Fair story published at the time. The other home was moved onto steel girders, where it sat until it was razed this week.
Sternlicht, who Forbes reports is worth $3.8 billion, originally purchased 289 Hummock Pond Road for $610,000 in 2010 in a foreclosure sale, according to property records. The home changed hands between two Sternlicht-linked trusts in 2016, the year he got divorced, for $1.6 million. Then, in 2019, he purchased 287 Hummock Pond Road for $1.3 million. Frank Sinatra and Mia Farrow's former home, a 19th century townhouse on the Upper East Side, is now up for grabs. Step downs to the family and recreation rooms may be inconvenient for some.
Our New York real estate stats and trends will give you more information about home buying and selling trends in New York. If you're looking to sell your home in the New York area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in New York with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.
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