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At that point, 15 years ago, two-bedrooms in Manhattan were selling in the $300,000s, while three-bedrooms ran twice that, Mr. So the couple sold their apartment at a small loss and rented a two-bedroom with a convertible dining room at the Brittany, a high-rise rental building on York Avenue.
The Simonians loved the apartment, where they grew flowers and vegetables outdoors, and the building, where services included a shuttle to the 86th and 96th Street subway stops. Nor did they mind that “there was nothing charming” about living in that particular area, with its littered streets and housing projects, Mr. With prices high, they considered leaving for Florida, where they had friends, or Westchester, where they play golf.
They weren’t intending to downsize, but apart from that they weren’t sure what they were after. He often asked agents, “Would you spend this money on this apartment?” Usually they dodged the question, Ms. The Brompton, a 22-story condo on East 85th Street, was one of their favorite new buildings but, again, pricey.
The building, which will house the Museum for African Art, was recently renamed One Museum Mile. The neighborhood, which some call Upper Carnegie Hill but others call East Harlem, still has a dearth of services, but the Simonians are used to that.
For the first time since The Real Deal started ranking boutique firms in 2009, the seven-year-old brokerage Core knocked the venerable Upper East Side brokerage Leslie J. Both Core and Garfield have more listings than they did last year at this time, according to TRD’s research. Collectively, the 358 agents working at the top dozen boutique firms had 271 Manhattan residential properties listed for sale, totaling nearly $874 million, when TRD collected the data from listing provider Online Residential in early May. Two agents left the firm during that time — one for a wind power software company and another for Prudential Douglas Elliman — trimming the ranks down to eight agents, including Leslie Garfield, who is no longer working full-time as a broker. That one thing involves brokering the sales of high-priced Upper East Side and Upper West Side townhouses, including multifamily townhouses. In contrast, Core’s sales business runs the gamut from Harlem to the Financial District and from co-ops to new-construction condos. In November, Core took over sales at 1280 Fifth Avenue, developed by Brickman, from Brown Harris Stevens and Nancy Packes Inc. The brokerage also has multiple listings at two Chelsea developments — the Cammeyer and 350W16th — as well as a townhouse at 38 Bethune Street in the West Village listed at almost $15 million. Since 2010, Core brokers have appeared alongside Warburg Realty and Gumley Haft Kleier brokers on HGTV’s hit show “Selling New York,” which Osher said has given the firm a platform to showcase its brand and its agents. Still, the show has increased Core’s visibility “tremendously,” said fellow cast member Michele Kleier, president and chair of Gumley Haft Kleier. Kleier, too, is reaping the rewards of her star turn, along with daughters and fellow “Selling New York” stars Sabrina Kleier-Morgenstern and Samantha Kleier-Forbes.
But she said the increased visibility that comes from TV is especially beneficial for a firm like Core, which counts so many more developers among its clientele.
Gumley Haft Kleier’s agent count dropped by three to 36, which Kleier said is consistent with her plan to keep her firm at 40 agents or less. Osher said he has also committed to limiting the size of his firm, while imposing rigorous standards for agents.
In the last year, this approach has sometimes given the impression that Core had a revolving door, as an influx of new talent — including Prudential Douglas Elliman’s Lawrence Rich and Halstead Property’s Ivana Tagliamonte — joined the firm and left within a few months.
Adding to the uproar, Osher abruptly replaced Mark Ripka, his well-liked managing director of sales, with Reba Miller,  head of the eponymous brokerage. But many of the defectors challenged Osher’s contention that they were fired, saying they left of their own accord. TRD’s tally reveals that Core is almost exactly the same size now as it was a year ago, with 52 agents compared to 51.
Core’s position at the top of TRD’s ranking is not the only shake-up among Manhattan’s boutique firms. Blu recently tapped Halstead’s Vince Rocco to head up the firm’s second outpost, an office in Trump Place at 120 Riverside Boulevard launched to capitalize on new developments on the Upper West Side. The strategy appears to be paying off, as 19 of Blu’s 34 current listings are resales in Trump Place and Extell Development Company’s the Avery, also on Riverside Boulevard.
Also new to the list is MNS, the firm created out of a 2009 merger between the Real Estate Group New York and the Developers Group. While the bulk of its Manhattan listings are concentrated in two Harlem developments — the Lenox at 380 Lenox Avenue and 2280 FDB at 2280 Frederick Douglass Boulevard — MNS  has tried to broaden its focus in the last year, working with buyers and individual sellers in addition to developers, according to CEO Andrew Barrocas. MNS has also gained a wider reputation by overseeing sales at the Edge, Douglaston Development’s once-stalled Williamsburg megaproject (although Brooklyn listings are not included in this ranking). With that development nearly sold out, MNS has several buildings in the pipeline, ranging from 20 to 100 units and located in the Lower East Side, Union Square and Murray Hill, Barrocas said. Another newcomer is the seven-year-old Platinum Properties, which lands on the ranking by virtue of its $16.5 million penthouse listing at 200 Chambers Street in Tribeca.
As the summer approaches and the market catches its post-recession bearings, no area in Manhattan has heated up as quickly as Harlem. In an effort to preserve the history of the brownstone-dominated area, a report released last week from Community Board 10 has outlined a plan to establish or expand nine historic districts across Harlem. Despite these trends and rising prices, luxury buyers and renters are still coming to the area for better value and amenities than they can receive anywhere else on the island.
If the rapid growth of Harlem highrises is limited as a result of new zoning restrictions, the neighborhood will need to rely on multifamily conversions to condos to keep buyers coming in. Located at the crown of Fifth Avenue along Museum Mile is One Museum Mile, a new luxury residential development designed by a renowned team including Robert A.M. One Museum Mile amenities include 24-hour concierge, live-in super, a children’s playroom, teenage game room, a roof deck and rooftop pool with a grass and barbecue area. Apartment prices are on the rise again in Harlem as the historic area increasingly becomes a magnet for wealthier New Yorkers and topnotch attractions like the Museum for African Art.


More importantly, McCabe said, “it adds a cultural context this part of the city has never seen before.
But not everybody is thrilled by the transformation taking place in what many consider the nation’s preeminent African-American neighborhood.
Councilwoman Melissa Mark-Viverito warned it could embolden local landlords to drive up rents. The newly purchased penthouse, which sold for around $1,767 per square-foot, didn’t shatter selling price records.
The price per square foot record puts the area on the same playing field as Chelsea, the East Village, and parts of the upper West Side. One Museum Mile, located at the northeast tip of Central Park, has more in common with the multimillion-dollar prewar co-ops 20 blocks south than its neighbors.
Opera singer Kathleen Battle and several NFL stars are among the well-heeled homebuyers who have been spotted touring the building. Museum Mile on the Upper East Side is no stranger to art enthusiasts and even less so to New Yorkers. In addition to being the newest addition and tenth stop on Museum Mile, the Museum of African Art will be located in the same building as One Museum Mile.
One Museum Mile offers studios, one-, two- and three-bedroom homes as well as penthouses ranging up to 2,118-square feet, which are available for immediate occupancy. Home prices range from $595,000 for an 801-square foot studio to approximately $3.25 million. Brickman is a private equity real estate firm that invests in debt and equity with the perspective of an owner-operator. CORE is a real estate sales and marketing firm delivering the best in brokerage, communications and advisory services for the luxury residential segment. This is a clever way of taking advantage of the legislation passed last summer to extend Museum Mile from 104th Street to 110th Street. IT can seem hard to believe, but there was a time when people didn’t value Central Park for its views. In the late 1800s, after the park was created, most buildings were still no more than five stories high, residents often decorated with heavy curtains, and an infestation of malaria-carrying mosquitoes was a cause for alarm. There, from an 18th-floor apartment with a sizable terrace, you can look out on an idyllic view of Frederick Law Olmsted and Calvert Vaux’s landscaped wonder.
From here, you can see the opposite edge of the park, including the Plaza, and a construction crane hovering over One57 through the haze that offers a reminder of how that 90-story building will tower over most others in Midtown. Harlem, it turns out, is one of the few remaining places in the city where you can get a park view for relatively low prices.
In 2008, as the financial crisis took hold, a buyer sold a penthouse in the building for $8 million, $500,000 less than he had paid, after trying to flip it for $12 million, said Jill Sloane of Halstead, a broker on the deal. Walking east along Central Park North I passed low-slung residential buildings of no more than six stories, a correctional facility that houses the disgraced Tyco executive Dennis Kozlowski, and a church on the corner of Fifth Avenue. On the east side of the intersection, an agent gave me a tour 1280 Fifth Avenue, which opened last year and was designed by Robert A.M. The Harlem building offers tranquil, unobstructed views of the northeast corner of the park. About half of the buyers in the building so far have been foreign, and have predominantly been all-cash buyers, according to Kathleen Corton, a principal of Brickman, the developer. Parul Brahmbhatt, a sales associate at CORE, parsed the difference for me in pricing at 1280 Fifth to help me understand the premium placed on park views. Regardless of which side of the park an apartment faces, brokers and appraisers say a Central Park view is worth 25 percent to 50 percent more than a nonpark view for a similar-sized residence. It’s remarkable to think that in the 19th century “the park was simply a kind of protector, a presentable front yard,” said Christopher Gray, who writes the “Streetscapes” column for The New York Times. The concept of fabulous views didn’t return until after 1961, when a zoning resolution awarded air rights for taller buildings in exchange for building plazas. The “capitalists” derided in The Real Estate Record and Guide in the 1800s who wanted to build tall ended up having vision akin to that of Steve Jobs, who instinctively knew we wanted iPads and iPhones before we ever thought to ask for one. 1280 Fifth Avenue is one of the best new ground-up new development projects to come to market over the past 5 years.
1280 Fifth Avenue is a luxury building which has attracted some of the most prominent names in business, the arts and medicine. After some years there, with the rent rising and the children grown and gone, the Simonians moved to a three-bedroom in the then-new Hampton Court on 102nd Street and First Avenue. Simonian said, “and I say to myself, how can this possibly be worth $1,000?” And renovating would bolster the price to “way the heck over my magic mark of $1,000 a square foot, which I had a mental thing about,” he said. Simonian was intrigued by an adorable single-family row house, with three floors and a basement, on East 101st Street. A three-bedroom is currently on the market for $2.695 million, or $1,500 a square foot, with monthly charges around $2,300. Simonian stopped by the newly built 1280 Fifth Avenue, at the northeast corner of Central Park near 110th Street. It is about 30 percent sold, said the director of sales, Tom Postilio of Core Group Marketing. That’s up from last year, when the top dozen firms had 276 agents who shared 231 listings worth a total $690.4 million. Garfield, expressed disappointment that the firm his father founded in 1972 was no longer No.
The firm’s priciest listing is the $30 million, seven-story residence at 12 East 96th Street, marketed as a single-family home, that currently houses an Italian private school. Indeed, it appears to be Core’s handling of sales at several new developments that propelled the company from its long-occupied No. The firm is also “imminently” planning to list $500 million worth of condos at the 53-unit Walker Tower in Chelsea, Osher said. In contrast, developers typically bring in Gumley Haft Kleier to market one-off trophy properties in their projects, as Two Trees Management did with the penthouse in the Clocktower Building in Dumbo.
More recently, broker Jarrod Randolph, named one of Forbes Magazine’s “30 under 30” in real estate, joined Core from Brown Harris Stevens. Three brokerages cracked the list for the first time this year, while others have dropped off since 2011 —partly a function of the way a few listings can affect a boutique firm’s rank.
The firm is also set to bring three newly renovated Upper West Side townhouses to market, each priced between $12 and $14 million, Chadad said. The media has paid close attention as new condos along Central Park North and towers rising over Frederick Douglass Boulevard have led the way in the neighborhood’s real estate renaissance. While it still needs to be approved by the Landmarks Preservation Commission, some of the main intentions for the proposal lie in the fear of having glass condos arise between rows of classic townhomes. Even more telling is the shrinking inventory in the area, as the supply of available apartments is down 17.7 percent from 2011.
The price per square foot for the sprawling three-bedroom, three-bath doubles and triples current sale prices in and around El Barrio and Central Park North. Stern in conjunction with Andre Kikoski and SLCE Architects, the building boasts stunning views of Central Park and one of the highest rooftop pools in the city.
Running along Fifth Avenue, this “mile” long strip of Manhattan contains one of the densest displays of culture in the world dispersed over nine globally renowned venues.
Previously known as 1280 Fifth Avenue, the newly rebranded One Museum Mile is a luxury condominium tower with 116 luxury apartments for sale.
Generally speaking, buyers have been wary whenever they hear of a building address above 96th Street. As the future home of the Museum for African Art, One Museum Mile is an iconic new focal point along this famed stretch of the City. Guests sampled from exclusive menus provided by The Lexington Social, Ottomanelli’s, Ricardo Steak House, The 5 and Diamond Restaurant and Make My Cake, with live music by Nanny Assis and his Brazilian quartet.


Brickman combines its owner-operator expertise with deep experience in debt to produce excellent risk-adjusted returns for its investors. In addition, CORE’s elite group of highly experienced and successful professionals service developers who value efficient, no-nonsense results. Thus far three have been sold, and three more have reportedly been closed according to brokers. Apartments overlooking the park can command prices of as much as $88 million, for the full-floor penthouse at 15 Central Park West, and the developer Gary Barnett is betting he can sell the two-floor penthouse at 157 West 57th Street, the crown jewel of his One57 project, for $115 million.
After getting off the subway at 110th Street, I walked just a few steps to 111 Central Park North. On this day the southern sun was shining brightly, and the terrace at 111 Central Park North offered eastern and western exposures as well. A small organic-food store is expected to open soon on the block, a sign, real estate brokers say, of the area’s gentrification.
There are “intimate” views from one seventh-floor corner unit I visited, and “panoramic” views from the higher floors of the 20-story building. New York is one of the few cities in the United States that put a higher premium on a park view than a river view, said Jonathan J. By 1930, the 27-story San Remo towers and residential hotels like the Ritz, at 101 East 57th, were offering spectacularly different views.
Nobody bothered with the idea of building penthouses until the early 1920s, preferring to leave tar-topped roofs. There have been 3 luxury developments that have been extremely successful in pulling the affluent buyer to Upper Fifth on and above 96th Avenue, a location that until now, was deemed less ‘desirable’. Curious, we spoke with CORE founder and CEO Shaun Osher for an insider’s take on this transition. 96th Street is an antiquated border that once denoted the northern boundary of the Upper East Side. The area is an extension of Museum Mile and has all the benefits of northern Central Park — which is perhaps its most exquisite section of all and includes the Harlem Meer.
The apartment was slightly larger than their old one, with a big terrace and a rent three-fifths of what they would have paid farther south, Mr.
The management company, Glenwood, calls the neighborhood Gracie Point, but others call it East Harlem.
Simonian said, “though I’m a pretty easygoing person and could probably be happy anywhere.” She is on staff at a small private elementary school in Midtown East.
Most apartments they saw were perfectly fine, but “too expensive for what they were,” she recalled. He saw several condos there, and loved a three-bedroom, well above the treetops, with around 1,600 square feet of space. 1, but he also said the company generated more revenue than ever last year, with several megasales. Founded by five alumni of Nest Seekers International — Alon Chadad, Moshe Balalo, Andy Kim, David Tobon and Michael Arcos — Blu now has 59 agents and 34 listings, according to TRD’s research. While residents have benefitted from new restaurants and amenities brought in by these projects, new measures are being sought by community leaders to make sure that an area with a rich heritage stays that way.
The plans may help maintain Harlem’s historic charm, but new data on market trends indicate that prices could push longtime residents out either way.
Residence 12 B, listed at $2,825,000, is a 1,756-square-foot three-bedroom, three-bathroom home, featuring white oak flooring, teak cabinetry, deep brown granite countertops in the kitchen, and stainless steel appliances by Thermador, GE and Bosch.
Its swank common areas include a gym, children’s playroom, teens lounge, catering kitchen and formal dining room on Central Park, plus a 24-hour doorman and on-site parking garage.
Along with the museum on the lower floors, residents at One Museum Mile will be able to enjoy other amenities such as a landscaped rooftop deck with outdoor pool and on-site state-of-the-art fitness center with adjacent children’s playroom. And in a city where a building’s worth is measured by its address, it will be interesting to see how sales at One Museum Mile will fare with 1280 Fifth Avenue in the near future.
In addition, The Museum of the City of New York, El Museo del Barrio and The National Academy Museum provided guests with complementary museum passes and the Museum for African Art partnered with Brickman to offer the generous gift of a one-year membership to anyone who purchases a residence in One Museum Mile. Brickman was formed in 1992 and has over $700 million of equity assets and $3 billion of portfolio value under management. CORE was founded by Shaun Osher as a full-service boutique firm with a strict adherence to the principles of integrity, efficiency and results.
Stern-designed condominium at the top of Central Park has reinvented itself with a new name, “One Museum Mile,” according to The Wall Street Journal. The Museum for African Art, which despite having had a few locations since its inception in 1984, will finally have a home amongst some of the city’s most prominent museums. Older residents walk slowly with canes next to groups of adolescent girls strolling through the garden during lunchtime.
A north-facing unit on the same floor with no park view is going for $1.265 million and is just 10 square feet smaller.
About a dozen buildings of that size were built before the Depression intervened, halting most construction. Central Park is just as lush and green above 96th Street as it is below, and the architecture is equally as impressive.
Stern, who is responsible for other iconic New York City buildings, including 15 Central Park West. He arranged a return visit with his wife, requesting that she be shown his favorite apartment last.
Later this year, the Museum for African Art will be relocating to Fifth Avenue and East 110th Street and consequently extending the northern end of Museum Mile from East 104th Street to East 110th Street in East Harlem. Residents of select southwest apartments at 1280 Fifth Avenue can also enjoy views of Central Park and Midtown Manhattan from their apartments. As it will house the Museum for African Art, its title reflects its identity as part of that stretch of Fifth Avenue that for decades has been known as Museum Mile because it is home to so many of New York’s museums including the Guggenheim and the Metropolitan Museum of Art. Just beyond the trees along Fifth Avenue is the Conservatory Garden, where brokers say they have seen brides being photographed. 13, 1877, edition of The Real Estate Record and Guide noted that malaria in the park was “becoming more palpably widespread and painful.” The “chills and fevers and other malarious disorders” were causing a “widespread prejudice” among residents “against choosing any locality in the proximity of the park for a place of residence,” The Record and Guide reported. Miller recalled, most new condominium buildings had little-used health clubs and pools on the roofs. Both developers and savvy buyers recognize the value of having a Fifth Avenue address with direct park views, access to Central Park and presence along Museum Mile. Yet, unwilling to pay more than $1,000 per square foot, they found that most nice Manhattan apartments were just too expensive. Through its investment vehicles, the firm owns and manages over 3.5 million square feet of office, hotel and residential real estate. Absent were the horse-drawn carriages (and the accompanying trail of manure) and hordes of tourists that occupy the southern and southwestern side of the park. Still, by the turn of the century, Fifth Avenue opposite the park was already the most desirable house site in the city, Mr.
Vanderbilt, in her 1882 mansion on 57th and Fifth, if offered an apartment in 15 Central Park West, would say, ‘Pretty cool, I could dig this.’ ” he said.
It is that opportunity that is driving the growth along Upper Fifth Avenue, the newest in a long line of well-known neighborhoods that have evolved such as the Upper West Side, Chelsea, SoHo, and the Meatpacking District – all neighborhoods that are now among the most coveted in New York City. The building offers direct park views, a wide variety of layouts and amenities including parking, 24-hour concierge service and a rooftop swimming pool, all at a price point that is not available anywhere else on Fifth Avenue. All of this, coupled with Central Park, offers an impressive list of qualities to buyers currently searching the Manhattan new development market for a unique place to call home.



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