the observer's upper west side living

A SpeciAl AdvertiSing Supplement to the new York obServer

Upper West Side LivingThe Insider’s Real Estate and Neighborhood Guide • Fall 2010

the latest data on Sales and rental prices by

Cover Photo

The Aldyn A New Standard for

Waterfront Living

Priciest Pads

Expert Tips

+ More!

Lincoln CenterNeighborhood Icon

From the Best Brokers

A look inside UWs

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The Upper West Side is blossoming into a revamped neighborhood filled with new buildings, grocery stores, and events. This year, New York City’s Fashion Week was held at the iconic Lincoln Center and the newly completed Aldyn hosted a premiere event.

“This area, in my opinion, is the epicenter of the cultural life in New York,” said Gene Vezzani, licensed real estate broker and vice president of Prudential Douglas Elliman. “It has an active life.”

Spotting the sites of the Upper West Side are not difficult with buildings like Trump Tower, the Time Warner Center and the new facilities of Columbus Square. The glass infrastructures rise above the quaint brownstones and landmarks like Lincoln Center and Columbus Circle.

The neighborhood reaches from approximately 59th Street to 110th Street and two parks border the area: Central and Riverside

Park. The Upper West Side also enjoys views of the Hudson River.

Vezzani said there are no clear boundaries to the area and that the lines meld together.

“That adds to the wonderful neighborhood feel,” Vezzani said. “It’s just a lovely place that is very safe.”

Iconic apartment buildings such as The Ashley, The Dakota, The Beresford, The San Remo and The Eldorado are also on the Upper West Side

In addition to two new developments, two grocery stores have opened in the area: Whole Foods and Trader Joe’s. Carla

Kupiec, senior vice president of Citi Habitats said the addition of the supermarkets helped with the comeback of the real estate market.

“It use to be, you know it’s a good neighborhood if a Starbucks opened on the corner,” Kupiec said. “Now its Whole Foods and Trader Joe’s.”

Kupiec said Trader Joe’s is on West Broadway and Amsterdam Avenue while Whole Foods is in Columbus Circle and on 97th St.

The Aldyn is another new addition that rests at 60 Riverside Blvd. and hosts 286 units available for rent or purchase. Last week, New York City’s Fashion Week opened a show house on the 14th floor. Designers like Nicole Miller and Diane von Furstenberg worked with interior designers to model rooms after their collections.

Vezzani said he has lived on the Upper West Side for about 20 years and has seen the changes flourish in the neighborhood.

The Central Park Boathouse

(above), Strawberry Fields

(below)

The Upper West SideBy Emily Canal

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“The nice thing about this neighborhood is that it is constantly changing,” Vezzani said. “If things don’t change they don’t grow and if they don’t grow they die.”

The Columbus Square development is five buildings on Amsterdam and Columbus Avenue. According to Jeffrey Brett, the director of development, 808 Columbus Ave. and 801 Amsterdam Ave. are 98 percent full. The buildings are expected to

open later this fall. “We built something

completely different than what has been built before,” Brett said. “It’s one of kind development with amenities and retail.”

The buildings are equipped with doormen, fitness center, elevated landscaped lawns, parking garages and a salt-water pool.

The rooftop parks have 50 trees and an additional 110 species. Brett said the expansive rooftop

greenery is original to Columbus Square and no one has done something similar in New York before.

“This is something very unique,” Brett said. “You don’t feel like you are in New York, it’s almost suburban.”

In addition to the newly added parks, the buildings on the block opened stores like TJ Maxx, Michael’s Arts and Crafts, Whole Foods and Sephora.

“Change can come at a price, and for residents it’s the noise of the construction,” Vezzani said. “It’s 100 percent worth it, in my opinion.”

Kupiec said that the market is good and recovering after the recession with the rise of new buildings.

“We are holding our own and getting a lot of renters, which is typical for this time of year,” Kupiec said. “You get good space for your money and of course it’s more affordable than the Upper

Riverside Park is great for

families, (above)Streets

lined with brownstones.

(below)

The Upper West Side

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East Side.”Eddie Shapiro, president

and CEO of Nest Seekers said the market is steady and the confidence in the customer is returning.

“I can’t say that the markets are lagging, in our perspective,” said Shapiro. “The neighborhood gets more desirable everyday.”

Kupiec said the Upper West Side attracts a wide span of people, including families and young professionals.

“You have the best of both worlds,” Kupiec said. “You can have old pre-war buildings with tree lined streets or new high rise condos.”

Noah Rosenblatt, the publisher of UrbanDigs.com, said he is seeing the sale market pick up after a slow summer and previously low times shaped by the economy.

“The activity is coming back,” Rosenblatt said. “You can expect to see the active inventory come back and the pace of sales to follow suit.”

Ann Cutbill Lenane, the managing director with Prudential Douglas Ellimen said she is seeing many people buying second homes on the Upper West Side.

“The market is incredibly strong given what is going on in the world,” Lenane said. “There is very little inventory right now.”

Vezzani said the sales market in the neighborhood was strong and customers can choose from walk-up brownstones or high-rise buildings. He added that there is a high demand for apartments and prices are very diverse.

“There is a true neighborhood feel here,” Vezzani said. “You actually know your neighbor’s names and you know their pet’s name.”

Lenane also said that the shopping on the Upper West Side has flourished.

“It is an incredibly rich neighborhood of destinations and spots,” she said. “There are places that would covet wherever they live.”

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CHELSEA01 +ART540 WEST 28TH ST // 212.486.2540540W28.COMSTUDIO–3 BRS // $490K–$2.3M

HELLS KITCHEN02 THE 505505 WEST 47TH ST // 212.505.9378THE505HK.COMSTUDIO–3 BRS // $425K–$2.695M

UPPER WEST SIDE03 208 WEST 96 (SUNDAY ONLY)208 WEST 96TH ST // 212.381.2557208W96.COM3 BRS // $2.2M−$2.3M

04 905 WEST END AVENUE905 WEST END AVE // 212.486.4905905WEA.COM2-4BR // $1.425M-2.925M

UPTOWN05 BEACON TOWERS29 W 138TH ST // 212.521.5747BEACONTOWERSLIVING.COM2 BRS // $325K−$595K

06 2280 FDB2280 FREDERICK DOUGLASS BLVD // 212.521.57422280FDB.COM1−3 BRS // $499K−$1.339M

07 THE DOUGLASS2110 FREDERICK DOUGLASS BLVD // 212.521.5749THEDOUGLASSCONDO.COM2−3 BRS // $629K−$849K

08 PARK LANE CONDOMINIUM118 W 112TH ST // 212.381.4214PARKLANENYC.COM1−3 BRS // $350K−$679K

09 GRACELINE COURT CONDOMINIUM106 W 116TH ST // 212.521.5746GRACELINECOURTCONDO.COM2−3 BRS // $579K−$799K

10 PS 90220 W 148TH ST // 212.368.7790PS90CONDO.COMSTUDIO−3 BRS // $475K−$899K

11 88 MORNINGSIDE88 MORNINGSIDE AVE // 212.381.269488MORNINGSIDE.COM1−3 BRS // $395K−$895K

12 WINDOWS CONDO ON 123117 WEST 123RD ST // 212.381.23331−3 BRS // $535K−$1.295M

13 FIFTH ON THE PARK1485 FIFTH AVENUE // 888.355.38025THONTHEPARK.COMSTUDIO-4BR // $581K−$1.8M

BROOKLYN14 COLUMBIA COMMONS110 WARREN ST // 718.522.6769COLUMBIACOMMONSBK.COM1−3 BRS // $420K−$935K

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Visit our website for further details on each developmentand to download the list of properties for your tour.

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1 $55 millionWant to make real estate history? The property at 15 Central

Park West #35AB in Lincoln Square is your first chance ever to own an entire floor in the south section of the tower at 15 Central Park West. Listed by Emily Beare of CORE, this condo is actually a combination of the existing two apartments on the 35th floor – and will be sold in tandem only. It has an impressive list of stats – 5,600 square feet, unobstructed views of Central Park, the city and the Hudson River. Building-approved plans for the apartment encompass five bedrooms, seven bathrooms, a dining room, a reception room, a library, breakfast room, family room and home theater. The building itself has the expected amenities of luxury living – doorman, garage, elevator and pool. But you’ll pay for it – this condo is listed for a cool $55 million. Viewings must be scheduled in advance and only prequalified buyers are eligible for a viewing. Listed by Emily Beare (212-726-0786.)

2 $38 millionListed at $38 million - , apartment #76B at the Residences at the

Mandarin Oriental at 80 Columbus Circle in Lincoln Square is your chance to live in one of New York’s iconic hotels. The condo has 4,822 square feet of space – $7,880 per square foot – and boasts four bedrooms, five bathrooms, 10-foot floor to ceiling windows, an impressive great room leading onto a private terrace with spectacular city views. Admire Central park and river to river views all from the comfort of your own outdoor space. Other amenities include a Creston system, custom wood cabinetry and the condo’s most unique feature – a suspended saltwater aquarium. The building has a doorman and also allows pets, just in case you’re a dog lover. Listed by Raphael De Niro (212- 460-0655) at Prudential Elliman.

3 $35.5 millionAutomatic prestige comes with owning the highest penthouse

condo in the city, and the Time Warner Penthouse currently

holds that title. The condo – at 80 Columbus Circle #PH77B - is listed for $35.5 million, about $7,357 per square foot. But in this case, you definitely get what you pay for. Not only do you get panoramic views of the city from the Statue of Liberty to Central Park, but the inside of the place is pretty nice, too – 28 feet of windows in the living room, another 37 feet of windows in the master bedroom, walk-in closets and a killer view of the Hudson River in the dining room, so you can catch the sunset as you eat dinner. A formal dining room, four bedrooms, five bathrooms, a library and a large master suite are some of the condo’s other perks. Contact Paula Del Nunzio (212-906-9207) or Shirley A. Mueller, Esq. (212-906-0561) at Brown Harris Stevens for additional information or to schedule a showing.

4 $32 millionAlways wanted to live in a townhouse on Central Park West? Yeah, us,

too. And now here’s your chance – 247 Central Park West #TH is one of the last single residences on Central Park. The prewar townhouse

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The Upper West Side80 Columbus Circle

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was designed by architect Edward J. Angell and built in 1887 by William Noble and features double height ceilings, a 60-foot freshwater lap pool, fitness and massage areas, 5 bedrooms, 6 full baths, 2 half baths, 2 offices, a master suite with a window seat, terrace and an elevator. With modern touches in a prewar building, it’s the perfect combination of old and new. The townhouse is listed for $32 million - $2,607 per square foot – by Mara Flash Blum at Sotheby’s International Realty (212-431-2447.)

5 $30 millionThe limestone mansion at 266 West End Ave. is

a rare find in today’s world of shiny, brand new high-rises. Built in 1896 and designed by architect Rudolphe Daus, the townhouse is currently undergoing restoration to be reinstated to its former glory, complete with a ball room, oak-paneled dining room, tiger oak floors, plaster moldings, mosaic tile, clerestory skylight, a landscaped roof terrace, fireplace and more. But to make it modern, efficient heating, wiring, plumbing and mechanic fixtures have been installed. The townhouse has six bedrooms and nine bathrooms, about 14,000 square feet, although it’s zoned for 28,000 total square footage. It’s listed for $30 million - $2,142 per square foot – by Fred Williams of Sotheby’s International Realty (212-606-7737.)

6 $29.75 millionWant to own a property where you can watch the

Thanksgiving Day parade from your own living room? Then The Time Warner Center 25 Columbus Circle, #62CE in Lincoln Square is a perfect option. This 4,375 square-foot condo is priced at $29.75 million – about $4,375 per square foot. Among the condo’s amenities are eight large rooms, including three bedrooms, a study, dining room, open living room, five full marble baths and two half bathrooms, a wet bar, breakfast nook, his and hers closets – a must for anyone who has ever shared a closet – and even a marble laundry room. Talk about luxury. The kitchen, however, is the real high point of the condo. It boasts a Pietra Verde stone island, a breakfast bar, double Miele ovens, double Miele dishwashers, two Miele washer/dryers and three sub zero refrigerators – perfect for the aspiring chef. It also has floor to ceiling windows in each room, with breathtaking views of the Hudson, Central Park and the city skyline. If you’re

tired of the sun, lower the silent solar shades on the windows, part of the property’s internal Crestron system. The building has amenities such as a doorman, elevator, laundry in building, pets allowed and a swimming pool. Listed by Elizabeth Lee Sample (212-906-9299) and Brenda S. Powers (212-906-9237) of Brown Harris Stevens.

7 $29.75 million A combination of three different apartments, the 14

room co-op at 211 Central Park West #16B17AB is a rare find. Listed at $29.75 million, the co-op has both views of Central Park and the museum, five large bedrooms, seven bathrooms, a grand stairway, family room, paneled library, three fireplaces and two terraces – perfect for enjoying the great outdoors within the comfort of your own home. Located in the Beresford at 211 Central park West Building, this property also boasts a Crestron system for sound and lighting. Listed by Ileen Schoenfeld of Brown Harris Stevens (212-396-5878.)

8 $25 millionA 14-room suite in the Brentmore, 88 Central Park West

#910NW in Lincoln Square is a two-floor co-op with eight bedrooms, five baths and five half baths. Built in 1910 in the Beaux Art style and listed at $25 million, the co-op boasts features such as a limestone façade, oversized windows with views of Central Park, coffered

ceilings and inlaid floors in the dining room, a library with oak built-in shelves and a custom kitchen. Listed at $25 million, the co-op was recently restored to modern standards while still keeping with its original historical integrity – the perfect blend of modern convenience and old-style New York architecture. The master bedroom, a corner room, faces the park and his and hers walk in closets. The building has a doorman and allows pets. Listed by Jessica Vertullo (212-452-4363) and Cindy Kurtin (212-452-4406) of Stribling.

9 $24.9 millionThe breathtaking house at 351 Riverside Drive in Manhattan

Valley is a true tribute to architectural days past. Listed at $24.9 million, the mansion was built in 1909 by William Tuthill – who also designed Carnegie Hall. The Morris and Laurette Schinasi House is the only free-standing, single family home in Manhattan and has French Renaissance style with fireplaces, a library and more. The structure is 41 feet wide by 73 feet deep, 12,000 square feet, four stories and has a basement. Listed by Felise Gross (212-588-5681) and Diane Abrams (212-588-5605) with Brown Harris Stevens.

$20 millionSometimes, it’s all about prestige. The San Remo at 145-

146 Central Park West is one of the most prestigious pre-war co-ops in the city – and the building’s south corner apartment, 145 Central Park West #15C is officially on the market, listed at $20 million. The 11-room apartment was built for the owner of the building in 1929 and has 23 windows, high ceilings, a 22 by 15 foot marble gallery, herringbone floors, three bedrooms, four bathrooms and one half bathroom. The master suite is a masterpiece unto itself – with 23-foot spa bath and personal dressing room. Ah, to live in the lap of luxury. The building has a doorman, elevator, laundry and allows pets. Listed by John Burger at Brown Harris Stevens (212-906-9274.)

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Exterior and kitchenof 247 Central Park West

266 West End Avenue

The complete offering terms are in an offering plan available from the sponsor File No. CD# 06-0232

An Elegant Townhouse Home In a Full Service Building

Exquisite Conversion. Flawless Design. Impeccable Quality. The Finest Finishes.

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REsTauRanTs ■ Jean Georges (1 Central Park West at 60th St., 212-299-3900) is a perennial New York eatery for a reason. Besides the legendary chef, Jean-Georges Vongerichten, and beautiful décor, there’s also the tuna ribbons, the sea scallops, the caramelized veal, the roasted halibut and the parmesan crusted confit leg of chicken, we could go on and on – and trust us, you won’t even notice the décor. (Open weekdays, 12 p.m.- 2:30 p.m., 5:30-11 p.m.; Saturday, 5:30 p.m.- 11 p.m.)■ Ouest (2315 Broadway near 84th St., 212-580-8700) is a cozy little haunt with bright red booths and ambiance to spare – and good old comfort food, too. Our recommendations – heirloom tomato soup or the tuna. (Open Monday-Tuesday, 5 p.m.-9:30 p.m.; Wednesday-Thursday, 5 p.m.

– 10:30 p.m.; Friday-Saturday, 5 p.m.-11 p.m.; Sunday, 11 a.m.-2 p.m., 5 p.m.-9:30 p.m.) ■ Picholine (35 West 64th St., 212-724-8585) is the perfect blend of French and Mediterranean fare. Our pick – try the truffle menu. Pricey, but worth it. (Open Tuesday-Thursday 5 p.m. – 10 p.m.; Friday-Saturday, 5 p.m. – 11:45 p.m.)■ Bin 71 (237 Columbus Ave., 212-362-5446) a Mediterranean eatery featuring wine and Panini’s – a good combo if we do say so ourselves. (Monday-Tuesday, 4 p.m.-2 a.m.; Wednesday-Thursday, Sunday, 12 p.m.-2 a.m.; Friday-Saturday 12 p.m.-3 a.m.) ■ Juice Generation (117 West 72nd St., 212-579-0400) is the Cadillac of juice bars – and a neighborhood joint in New York, if there ever was one. Our pick – the Coconut Acai Smoothie. (Open Monday-Saturday, 8 a.m.-8 p.m., Sunday, 9 a.m.-7 p.m.)

■ Bar Boulud (1900 Broadway, 212-595-0303) is French bistro at its best. A well-kept secret? The weekend brunch. (Open weekdays, 12 p.m. – 3:30 p.m., 5 p.m. – 11p.m.; weekends 11 a.m.- 3:30 p.m., 5 p.m. – 11 p.m.)■ Mandarin Oriental Lobby Lounge (80 Columbus Circle, near 62nd St., 212-805-8800) Sure it’s a hotel lounge – but the view of Columbus Circle and the park is incredible. Perfect place to unwind with a drink (starting at $19) after work. (Open Monday-Tuesday, Sunday, 8:30 a.m.-12 a.m.; Wednesday-Saturday, 8:30 a.m. – 1 a.m.)

MusEuMs■ At the American Folk Art Museum (45 West 53rd St., 212-265-1040) you can see an exhibit on famous coloring book enthusiast Henry Darger, admire iconic images of New

The

of theBest Upper West

By Rachel Morgan

Twilight at Lincoln Center.

The Upper West Side

A New Fall Festival

October 28–November 18, 2010For tickets and complete festival calendar:

WhiteLightFestival.org212.721.6500Photos: Sutra: Hugo Glendinning; Tallis Scholars: Eric Richmond; Jonsi and Alex:

Lilja Birgisdottir; The Manganiyar Seduction: Roysten Abel

Support for Great Performers is provided by:

Rita E. and Gustave M. Hauser

The Florence Gould Foundation

The Fan Fox and Leslie R. Samuels Foundation, Inc.

The Shubert Foundation

The Winston Foundation

Logicworks

Ann and Gordon Getty Foundation

Great Performers Circle

Chairman’s Council

Friends of Lincoln Center

Official sponsorsPublic support is provided by the New York State Council on the Arts

Corporate support provided by

Endowment support for Symphonic Mastersis provided by the Leon Levy Foundation

Endowment support is provided by UBS

Sutra November 2–4China’s Shaolin monks in an experimental dance production

Highlights:

Tallis Scholars November 7Works by Allegri, Byrd, Palestrina, Pärt,Praetorius, and Tallis

Credo November 15Featuring members of Sigur Rós with the Hilliard Ensemble, Latvian National Choir,and Wordless Music Orchestra

The Manganiyar Seduction November 17–18Hindustani classical music meets Sufi Muslim roots

The Forty-Part Motet (2001) October 28–November 13An installation by Janet Cardiff

GP7020_WL_NYObser_Fullpg_10_6_Layout 1 9/27/10 11:36 AM Page 1

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York in Vestie Davis’ New York or see a 9/11 tribute quilt. Visit this museum to celebrate and appreciate the history of the United States. ■ American Museum of Natural History (79th St. and Central Park West, 212-769-5100) is a must-see for kids and adults alike. Walk through a simulated rainforest, see life-size dioramas of animals in their natural habitats or even have a real-life night at the museum. (Check the website for dates available.) ■ Children’s Museum of Manhattan (212 West 83rd St., 212-721-0471) is the perfect museum experience for kids who are too young to appreciate the other museums in the city. Explore with Dora and Diego at the museum’s featured exhibit, visit the interactive Playworks or even walk the yellow brick road with Dorothy at the Wizard of Oz exhibit, open through Jan. 9, 2011. (Open Tuesday-Sunday, 10 a.m. – 5 p.m., Saturday 10 a.m. – 7 p.m.; on the first Friday of every month, admission is free from 5-8 p.m.; admission $10.) ■ The Nicholas Roerich Museum (319 West 107th St., 212-864-7752) is dedicated entirely to the works and life of infamous Russian painter Nicholas Roerich, best known for exploring and portraying in his art the world’s natural beauty, the mythic origins and ongoing spiritual struggles of the human race. Deep stuff, but Roerich delivers. (Open Tuesday-Sunday, 2-5 p.m.)

LandMaRks ■ Columbus Circle (between west 58th and 59th) is one of the city’s best shopping spots – if you’re up for fighting the perennial crowds of tourists. Anything from Aveda to Bebe to Borders Books and Music to J. Crew to famed eatery Per Se is right at your fingertips with minimal walking. ■ Grants Tomb (Riverside Park) is the perfect destination for history-buffs. See the iconic President and Gen. Ulysses S. Grant’s and his wife, Julia Dent Grant’s graves, along with a memorial dedicated to the beloved 18th President’s memory. ■ Riverside Park (72nd to 158th St. along the Hudson River) claims ownership to some of the city’s best waterfront property plus various sports venues, a skate park, a public marina and bike paths as part of Manhattan Waterfront Greenway. ■ Lincoln Center (10 Lincoln Center Plaza, 212-875-5456) can be considered the cultural Mecca of the Upper West Side. The iconic organization has worked for years to keep theater prices low and art accessible to all – the average ticket is around $32. Check out current shows like Women on the Verge of a Nervous Breakdown, The Coward, When I Come to Die, War Horse and others. Check the website for dates and times. ■ Cathedral of St. John the Divine (1047 Amsterdam Ave., 212-662-2133) is a stunning Gothic Revival-style church – and the largest in

the world - that every New Yorker should see. Sign up for a highlight tour to hit the high points of the cathedral, or a vertical tour, up 124 feet to the top of the church itself. Check the website for details. ■ B’nai Jeshurun (2109 Broadway, 212-787-7600) is a local Jewish community center where you can do anything from join a class to attend Shabbat services or join a community advocacy group. In a city of six million, it’s always nice to find a place you belong. ■ At the Arc Light Theater (152 West 71st St., 212-595-0355,) catch one of the new releases you’ve been dying to see (we’re seeing “The Social Network”) or even attend the classic sports films series – “Caddyshack,” “Bad News Bears” and “Bull Durham” – what could be better? Check website for movie times and releases. ■ Arts in Action (711 Amsterdam Ave., 212-864-4883) provides fun, educational art classes for kids that encourages using art as a form of communication. In terms of afterschool activities, it’s one of the best.

shopping■ When it comes to shopping, the Upper West Side has some of the best – both iconic and under the radar. Hit up Zabar’s (249 West 80th St., 212-787-2000) or Fairway (2127 Broadway, 212-595-1888)to stock your kitchen with gourmet or kosher eats. To work on your closet, hit up BOC (491 Columbus Ave., 212-362-5405,) Tani (2020 Broadway, 212-873-4361) or Blades (659 Broadway, 212-477-7350; 165 W 72nd St., 212-787-3911,) a skater/snowboarder retail haven. This indie shop has everything you need to skateboard (helmets, pads and of course, Vans,) and snowboard (parkas and the like.) You can also rent skates to enjoy in nearby Central Park for $20 per 24 hours. Mint (448 Columbus Ave., 212-362-6250)In the mood to browse for a good read? Westsider Rare and Used Books (233 W. 72nd St., 212-874-1588) is a must-go. The comforting smell of old books is just a plus.

The Cathedral of St. John the

Divine (above), Time Warner

Center at Columbus Circle

(below).

680 MADISON AVENUE I 897 MADISON AVENUE I 9 BOND STREET3 9 9 B L E E C K E R S T R E E T I B O N D N O9 . C O M I 1 . 8 7 7 . 2 7 3 . 3 3 6 9

Making scents of Lincoln Center, fashion’s new home.

16

The following is a list of new developments currently on the market in the Upper West Side. More information can be found in the New Development Directory available on StreetEasy.com.

LINCOLN SQUARE Landmark Name Street Address Total Units Property Type New Construction? Conversion? Sales Office Tel Website10 West End Avenue 10 West End Avenue 173 Condo New Construction 212-710-1010 10WEA.com Aire 200 West 67 Street 310 Rental New Construction 866-754-7697 aireny.comSessanta 229 West 60 Street 300 Rental New Construction 212-204-0060 sessanta60.com 235 West 71 Street 235 West 71 Street 16 Condo Conversion 212-588-5606 235w71.com 240 West End Avenue 240 West End Avenue 28 Condo Conversion 212-696-7105 240westend.com Adagio 243 West 60 Street 38 Condo New Construction 212.581.0060 adagio60.com The Ashley 400 West 63rd Street 209 Rental New Construction 212-247-4600 TheAshleyNyc.com The Rushmore 80 Riverside Boulevard 289 Condo New Construction 877-267-2862. TheRushmoreRiverside.com

MANHATTAN VALLEY Landmark Name Street Address Total Units Property Type New Construction? Conversion? Sales Office Tel 63 West 107 Street 63 West 107 Street 58 Condo Conversion 212-891-7097

UPPER WEST SIDE Landmark Name Street Address Total Units Property Type New Construction? Conversion? Sales Office Tel Websitxe100 West 100 West 93 Street 279 Condo Conversion 212-381-2689 100westcondos.com The Harrison 205 West 76th Street 132 Condo New Construction 212.496.1000 theharrison76.com The Apple Bank Building 2112 Broadway 27 Condo Conversion 212-496-6800 applebankcondo.com Avonova 219 West 81st Street 117 Condo Conversion 212.531.0700 .avonova.com 220 West 93 Street 220 West 93 Street 59 Condo Conversion 212-381-2685 220west93.com The Apthorp 2211 Broadway 163 Condo Conversion 212.799.2211 theapthorp.comAriel West 245 West 99 Street 68 Condo New Construction 888-828-2044 ArielCondos.com 314 West 100 Street 314 West 100 Street 32 Condo Conversion 212-355-3548 314w100.net 535 West End Avenue 535 West End Avenue 22 Condo New Construction 866-541-3214 535wea.com595 West End Avenue 595 West End Avenue 61 Condo Conversion 212-381-2618 595wea.com Columbus Square 801 Columbus Avenue 459 Rental New Construction 866-644-8813 columbussq.com 845 West End Avenue 90 Condo Conversion 212-784-9845 845wea.com905 West End Avenue 905 West End Avenue 52 Condo Conversion 212-486-4905 905wea.com

Upper West SideNEW DEVELOPMENT DIRECTORY

17

LINCOLN SQUARE Landmark Name Street Address Total Units Property Type New Construction? Conversion? Sales Office Tel Website10 West End Avenue 10 West End Avenue 173 Condo New Construction 212-710-1010 10WEA.com Aire 200 West 67 Street 310 Rental New Construction 866-754-7697 aireny.comSessanta 229 West 60 Street 300 Rental New Construction 212-204-0060 sessanta60.com 235 West 71 Street 235 West 71 Street 16 Condo Conversion 212-588-5606 235w71.com 240 West End Avenue 240 West End Avenue 28 Condo Conversion 212-696-7105 240westend.com Adagio 243 West 60 Street 38 Condo New Construction 212.581.0060 adagio60.com The Ashley 400 West 63rd Street 209 Rental New Construction 212-247-4600 TheAshleyNyc.com The Rushmore 80 Riverside Boulevard 289 Condo New Construction 877-267-2862. TheRushmoreRiverside.com

MANHATTAN VALLEY Landmark Name Street Address Total Units Property Type New Construction? Conversion? Sales Office Tel 63 West 107 Street 63 West 107 Street 58 Condo Conversion 212-891-7097

UPPER WEST SIDE Landmark Name Street Address Total Units Property Type New Construction? Conversion? Sales Office Tel Websitxe100 West 100 West 93 Street 279 Condo Conversion 212-381-2689 100westcondos.com The Harrison 205 West 76th Street 132 Condo New Construction 212.496.1000 theharrison76.com The Apple Bank Building 2112 Broadway 27 Condo Conversion 212-496-6800 applebankcondo.com Avonova 219 West 81st Street 117 Condo Conversion 212.531.0700 .avonova.com 220 West 93 Street 220 West 93 Street 59 Condo Conversion 212-381-2685 220west93.com The Apthorp 2211 Broadway 163 Condo Conversion 212.799.2211 theapthorp.comAriel West 245 West 99 Street 68 Condo New Construction 888-828-2044 ArielCondos.com 314 West 100 Street 314 West 100 Street 32 Condo Conversion 212-355-3548 314w100.net 535 West End Avenue 535 West End Avenue 22 Condo New Construction 866-541-3214 535wea.com595 West End Avenue 595 West End Avenue 61 Condo Conversion 212-381-2618 595wea.com Columbus Square 801 Columbus Avenue 459 Rental New Construction 866-644-8813 columbussq.com 845 West End Avenue 90 Condo Conversion 212-784-9845 845wea.com905 West End Avenue 905 West End Avenue 52 Condo Conversion 212-486-4905 905wea.com

MarkET STaTiSTicS proviDED by

18

August Recorded Sales Recorded sales of condos, co-ops or houses in manhattan (as of 09/15/2010) in Manhattan closed on closing count Median price average price August 2008 1,414 843,250 1,577,547 August 2009 1,143 787,500 1,245,659 August 2010 1,009 880,000 1,438,194August 2010 v. August 2009 -11.7% 11.7% 15.5% August 2008 -28.6% 4.4% -8.8% in all Upper West Side closed on closing count Median price average price August 2008 271 920,498 1,305,850 August 2009 276 905,500 1,377,319 August 2010 205 1,015,000 1,649,893August 2010 v. August 2009 -25.7% 12.1% 19.8% August 2008 -24.4% 10.3% 26.3% in Lincoln Square closed on closing count Median price average price August 2008 103 1,110,000 1,556,363 August 2009 91 915,000 1,715,845 August 2010 77 975,000 1,822,193August 2010 v. August 2009 -15.4% 6.6% 6.2% August 2008 -25.2% -12.2% 17.1% in Manhattan valley closed on closing count Median price average price August 2008 26 956,750 1,068,379 August 2009 33 557,000 819,620 August 2010 18 649,500 858,818August 2010 v. August 2009 -45.5% 16.6% 4.8% August 2008 -30.8% -32.1% -19.6% in Upper West Side closed on closing count Median price average price August 2008 142 752,500 1,167,621 August 2009 152 947,620 1,295,729 August 2010 109 1,180,000 1,665,876August 2010 v. August 2009 -28.3% 24.5% 28.6% August 2008 -23.2% 56.8% 42.7%

The table below presents recorded sales data of condos, co-ops and townhouses in Manhattan and within the Upper West Side market. Data is from august 2008, 2009, and 2010. overall, the volume of transactions this august have dropped since the year prior and have also not yet returned to March 2008 levels. However, median prices have increased since the year prior and since 2008 in overall Manhattan and the entire Upper West Side market, with the exception of Lincoln Square and Manhat-tan valley where prices are down 12.2% and 32.1% respectively since august 2008.

Upper West SideCLOSINg PRICES


19

below is a market snapshot as of September 15, 2010 of what is currently available for sale and rent.price indicates median values.

Upper West SideCURRENT SNAPSHOT


RENTALSALL UPPER WEST SIDESALESType #Listings PriceStudio 159 $395,000 1 BR 577 $669,000 2 BR 446 $1,347,000 3 BR 235 $2,850,000 4+ BR 147 $5,650,000

Type #Listings PriceStudio 162 $1,972 1 BR 450 $2,800 2 BR 227 $4,350 3 BR 87 $7,250 4+ BR 33 $11,000

LINCOLN SQUARESALES RENTALSType #Listings PriceStudio 81 $399,000 1 BR 270 $777,000 2 BR 169 $1,649,000 3 BR 91 $3,275,000 4+ BR 51 $6,190,000


UPPER WEST SIDESALES RENTALSType #Listings PriceStudio 67 $399,000 1 BR 255 $660,000 2 BR 229 $1,295,000 3 BR 118 $2,480,000 4+ BR 94 $5,325,000


MANHATTAN VALLEYSALES RENTALSType #Listings PriceStudio 11 $299,000 1 BR 51 $495,000 2 BR 47 $895,000 3 BR 24 $1,872,500 4+ BR 5 $4,095,000


20

Q: What is it really like to be president of such an iconic organization as Lincoln Center? RL: It’s fun, it’s challenging and it’s both a privilege and a huge opportunity. Lincoln Center has crossed the threshold into the 21st century to a physical redevelopment, now truly ready for expanded artists and audiences and visitors from all around the world.

Q: Tell me about the physical redevelopment. RL: As far as we know, it is the largest and most encompassing modernization of any performing arts center in the world. We’ve spent collectively, the constituents of Lincoln Center and Lincoln Center have spent over a billion dollars and the results have been the transformation of both our public spaces, our artistic facilities and our physical infrastructure, the kind of things that the public never sees but that’s critical to running an operation, like efficient loading docks, like a first-rate underground garage, like a central mechanical plan providing heat and chilled air to audiences. So this is a total renovation that addressed all of our needs as expressed by our constituents and by our neighbors.

Q: And when was the renovation completed? RL: We are now about 93 percent

through. It has been a five-year process. Q: What are your goals for the future of Lincoln Center? RL: We’re now focused on consolidating all of the gain that this physical redevelopment has allowed and filling those new spaces. So all of the artistic groups who are enjoying these spaces are flexing their artistic muscles. For example, the new Alice Tully is only 9 months to a year since its reopening and we’re just about to open a new festival called the White Light Festival that fully tests the range of performances that can occur on the Alice Tully stage. The New York Film Festival is just opening in Alice Tully Hall and it’s taking full advantage of what we believe to be the best place in the city of New York to show films. All of our artistic organizations that are benefiting from these new facilities are now occupying them, testing them out with artists and audiences and bringing even more art to audiences. Second, all of us are experimenting with technology – how can we bring what’s inside our halls to people all around the world, people visiting out of doors? [We also host] hundreds of thousands who come to movie theaters around the world to see [our] productions, which will be broadcast into movie theaters. Last year 880,000 people went to the Metropolitan Opera House to see a

performance; 1.4 million people saw an HD opera performance in one of 1,100 theaters around the world. So all of the constituents of Lincoln Center are taking a hard look at technology and how we can utilize it to [our] best advantage to expand audiences and make art widely available.

Q: What do you think Lincoln Center brings to the neighborhood of the Upper West Side? RL: We know that restaurants, retailers, developers have chosen to come to the Upper West Side in no small measure because Lincoln Center is here. Lincoln Center has served as an economic development magnet. Anyone [affiliated with] the Upper West Side can list for you the number of new restaurants and new retailers that have developed all around Lincoln Center. Tens of thousands of people live in new apartment houses on 9th, 10th and 11th Ave. between 59th St. and 72nd St. When developers ask them why they come to those locations, one of the three principle reasons they give is to be in and around and near Lincoln Center. How many people in the world can say that they’re 15 minutes from the largest performing arts center in the world and it is their neighbor? We offer first class art and great accessibility to people in the neighborhood.

Q: What do you like the most about

the Upper West Side? RL: I like its variety. When you walk up and down West End Ave., Amsterdam Ave., Columbus Ave., you see an extraordinarily eclectic mix of commercial and residential districts. You see brand new food centers like Whole Foods on one hand, but there’s farmers markets on the other. You see a fairway on the one hand, but a neighborhood butcher or a small bakery on the other. So this is a very walkable, human-scale environment on the Upper West Side.

Q: Do you ever get overwhelmed running the largest performing arts center in the world?RL: I don’t because I don’t sleep much. I probably would get overwhelmed if I slept more.

Q: How many hours do you get a night. RL: Not much. I would say 4.5 hours.

Q: Wow. How do you function? RL: Coffee helps.

President of Arts

The Upper West Side

Reynold Levy, the president of Lincoln Center, sounds off on what it’s really like to run the largest performing arts center in the world; from the recent $1 billion renovation to organizing the 12 performing arts organizations under the umbrella of Lincoln Center to just how many hours of sleep he gets a night.

The renovated space at

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The Aldyn, a new building on Riverside Boulevard, opened with a bang by hosting New York Fashion Week’s first show house

fundraiser. Designers like Diane von Furstenberg and Nicole Miller collaborated with interior designers to transform fresh fall lines into home décor. “It was a brand new opportunity to let people work in raw space,” said Larry Kruysman, the director of sales for the Corcoran Sunshine Marketing Group. “It brings people into the building and to Riverside Boulevard who wouldn’t normally come over here.”

The show house opened to the public on Sept. 21 and is expected to run through Dec. 10. The trendy display raised funds for the Council of Fashion Designers of America, a non-profit trade association. The $25 admission for the show is a donation to the CFDA Foundation. The show corresponds to the release of the new book, “American Fashion Designers at Home.” “It’s a great charity and way to contribute by raising money,” Kruysman said. “It worked well for everybody to get together and do something attractive.”

Other designers included Jeffrey Banks, Alabama Chanin, Liz Lange, Richard Lambertson and John Truex for Tiffany and Co., Josie Natori and Elie Tahari. The fashion icons teamed with interior decorators like Jonathan Adler, Jennifer Agus, Kerry Delrose, Jennifer Garrigues with Diane El Daher, Malcom James Kutner, Jack Levy, Patrick Lonn, and James Rixner.

“It was a great way for me to have

models done from people I couldn’t afford,” Kruysman said. “It was wonderful.” Each of the four rooms on the 14th floor took onlookers inside the minds of the designers and decorators, whether it was animal influenced or a flashback to the 1960s. Kruysman said spectators flock to the exhibit and love the display. “It’s incredible to see how a person would use space,” Kruysman said. “Everything is done from the flowers or dishes on the table in the dining room.”

One of the most stunning rooms was the space designed by Diane von Furstenberg with Delrose Design Group. She was allotted the great room in apartment 1411 and turned the large area into a living room and bedroom. “She created the most unique sleeping area with fabrics and bed throws,” Kruysman said. “It was dazzling and the dramatics of the south corner of the building showed with the light.”

Furstenberg and the Delrose Design Group played with animal print fabrics, from the zebra-like patterned carpet to the blue leopard chairs. The decorators stuck with rich, dark shades and color photos that popped pinks and greens from

the muted walls. A curtain of brown, black, grey, deep and light purple separated the bedroom. The room divider complimented the other purple hues that accented the room. “The apartments didn’t have unified themes,” Kruysman said. “They blended well and some designers were more ‘60s or ‘70s influenced.”

Ceil Chapman and ARDEN interior Architecture & Design brought an elegant room to the Aldyn, complete with Chanel perfume wafting through the air. The black and white

patterned chairs were accented by rich red subtleties like a serving dish, roses and a causally discarded Neiman Marcus dress.

The Aldyn resides in the Riverside South neighborhood and was designed by Costas Kondylis and Partners LLC. The luxurious building hosts 286 homes; rental apartments are on floors two through 10 and the condominiums are on floors 11 through 40.

Units range from one to four bedrooms and were designed by Roman and Williams. For customers with deeper pockets, there are two 5,600 square foot condos available that include set back terraces and private swimming pools. The New

York Post reported that Yankee player Alex Rodriguez scoped out one of the exclusive condos on the 21st floor.

“This is a great place for someone who enjoys the outdoors,” Kruysman said. “They come to the Aldyn to see river views and because they know the community here.”

Kruysman said the offering plan has not been completed, but the building has been well received by visitors. “People are flocking form out of town and the West Coast to see it,” Kruysman said. “We have great expectations that once we get the offering plan up we will be getting off to a fast start.”

In addition to views of the Hudson, there is also a gym and spa in the building that is managed by La Palestra. The fitness center also has a 75-foot swimming pool, 38’ rock climbing wall, bowling alley, golf simulator and basketball and squash court. “We have some wonderful views from the George Washington Bridge,” Kruysman said. “And it goes all the way down the Hudson River.”

Extell is a familiar name on the Upper West Side after restoring The Belnord, a landmark in the neighborhood after its construction in 1908. It has also updated buildings like the Stanhope on the Upper East Side.

The exhibit will run through Dec. 10 and tickets can be purchased at thealdyn.com.

Fall Fashion Decorates the Aldyn

The Aldyn

Nicole MillerCeil Chapman

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26

Q: How did you get into residential real estate?ST: The truth is, my career began as a hobby. During the mid 1980’s when I was a teacher, I would often spend weekends visiting open houses and new condominium buildings. I loved these new luxury developments and was impressed with the way they complemented the older pre-war style buildings of the Upper West Side. I was drawn to the energy and excitement of this tremendous city-wide boom. It occurred to me that my future might be in this industry so I took some real estate courses and found a job as a rental agent where I honed my skills. Shortly thereafter, I quite literally talked my way into an on-site sales associate position working for the industry’s leading marketing and sales company at that time – Gilbert, Charles Beylen and opened The New West, on 90th Street and Broadway. The rest is history.

Q: What are some of your career accolades or biggest accomplishments or awards? ST: I was thrilled when shortly after joining Related Sales in 2005 I was given the opportunity to sell the remaining 12 apartments at The Time Warner Center, with prices ranging from $9 million to over $32 million. Together with a colleague, we sold every last apartment in just a few months. Following this success, I was given the opportunity to sell the infamous Duplex Penthouse at Astor Place, setting a new price point for the building. But my own rewards are in the many letters that I receive from buyers and brokers, thanking me for my knowledge and professionalism. These acknowledgements continue to remind me that I have been instrumental in helping

purchasers to “find their home”.

Q: What’s the most challenging part of your job?ST: The most challenging part of my job is keeping up with an ever-changing market. My customers are intelligent, savvy and well educated and it is important that I keep well informed and one step ahead of them at all times.

Q: In what areas of the Upper West Side do you show or see being shown most often?ST: The entire Upper West Side is hot right now – as it has been for many years. Of course, the West 70’s is the area most coveted by purchasers. Westsiders like to keep fit so having Equinox in The Harrison is a tremendous benefit. The Related Signature Services, featuring the Related Personal Assistant, is a big draw. And although our owners represent a wide demographic, the Children’s Playroom, with its dinosaur theme (dedicated to our proximity to the Museum of Natural History), is a big selling point.

Q: What is the official cutoff for the Upper West Side? ST: I would say the “real” Upper West Side” runs from around 67th St. up to around 106th. Above that is Columbia University, the Upper, Upper West and below are Midtown West and variety of wonderful new residential neighborhoods around 42nd street, Hell’s Kitchen/Clinton.

Q: How would you describe the real estate market on the Upper West Side?ST: The real estate market on the Upper West Side is very strong.

Q: Are prices up or down on the Upper West Side now?

ST: Homes of all sizes are in tremendous demand on the Upper West Side. It seems that it is a true buyer’s market and buyers are certainly taking full advantage of that fact.

Q: What are the perks of living on the Upper West Side? ST: Excellent question. Not only are we surrounded by two beautiful parks, a wealth of both new and established restaurants, venerable food establishments like Zabars, Fairway, Citarella’s, Barney Greengrass and now Trader Joe’s, great retail including Loehmanns, Barneys, Syms and a Century 21 on its way, excellent transportation with two subway lines and buses on every avenue, we also have fantastic museums, the Planetarium, Concerts at Carnegie Hall, in Central Park and at the Beacon Theater, Lincoln Center and Broadway within walking distance, and of course, the Time Warner Center. We have excellent schools, including PS 87 - which is in the Harrison area - as well as the most elite private schools in the city such as Collegiate and Columbia Prep. It is a neighborhood that maintains much of its old world charm and several mom and pop storeowners while blending seamlessly with the newer establishments that line our streets.

Q: Who is the typical Upper West Side client?ST: I don’t know that there is a “typical” Upper West Side buyer. Of course, with two parks and many playgrounds, several excellent schools and child friendly establishments on every other corner, the area is a magnet for families. But walk down Amsterdam Ave. on a Saturday night or Columbus Ave. or Broadway on a Sunday afternoon and you will see the

complete diversity of the area’s residents. The Upper West Side is a true community.

Q: What is hot on the Upper West Side now? ST: Of course, the Harrison is the “hottest ticket” on the Upper West Side. Located directly in the very heart of the area, the Harrison offers something for everyone. Unfortunately, there are very few homes remaining unsold but a few lucky buyers still have the opportunity to purchase.

Q: What’s your advice to a potential renter or buyer in the area?ST: My advice to a potential buyer right now is BUY NOW. Demand is tremendous and inventory is not. Interest rates have never been this low and are not likely to remain this way. If you have the opportunity to purchase – grab it.

Q: What’s the most memorable property on the Upper West Side? ST: The Harrison, developed by Related and designed by Robert A.M. Stern is clearly the most memorable property on the Upper West Side. It is perfectly positioned on West 76th Street, reminiscent of the pre-war homes for which the neighborhood is known, and offers an unprecedented lifestyle, including Related Signature Services and the flagship Equinox Gym right in the building. The building will for years be considered among the most distinguishable and legendary properties on the Upper West Side.

Related Director of Sales Sherry Tobak gives her take on the Upper West Side market

Words from the Wise

Director of Sales at Related Sherry Tobak knows the Upper West Side and does her best to keep up with the demands of clients. Tobak speaks to the Observer on hot areas and buildings and her simple advice for potential clients – buy now!By Rachel Morgan

BARBARA A. GRIMALDI(212) 759 3920227 EAST 56TH STNEW [email protected]

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ENTRY FOYER18'- 3" x 7'- 7"5.56m x 2.31m

GALLERY16'- 7" x 3'- 10"5.06m x 1.17m

GREAT ROOM28'- 10" x 16'- 7"8.79m x 5.06m

BEDROOM 2 13'- 8" x 11'- 1" 4.17m x 3.38m

BEDROOM 314'- 1" x 11'- 0"4.29m x 3.35m

BEDROOM 4 12'- 3" x 12'- 1" 3.73m x 3.68m

MASTER BEDROOM15'- 10" x 14'- 0"4.83m x 4.27m

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WALK-INCLOSET

WALK-INCLOSET

WALK-INCLOSET

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EAT-IN-KITCHEN 10'- 10" x 7'- 9" 3.30m x 2.36m

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Registered with the U.S. Green Building Council with anticipated Leed Silver Certification.

Sponsor: Amsterdam & 76th Associates, LLC, 60 Columbus Circle, New York, NY 10023. The complete offering terms are in an Offering Plan available from Sponsor. File No. CD06-0878. This floor plan was prepared by the architect for The Harrison. All dimensions are approximate and subject to normal construction variances and tolerances. Plans and dimensions may contain minor variations from floor to floor.

Brand new graciously designed and elegantly appointed four bedroom corner residence

Residence 1104 • 2398 sq ft • 222.78 sq m • Priced at $4.7m

Designed by Robert A.m. stern Architects, LLP • fitness Lifestyle by Equinox

212.496.1000 • www.theharrison76.com

a life of enrichment

in the heart of the upper west side

the observer's upper west side living

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