All articles tagged with #condo
A legal battle over a reportedly noisy public bathroom directly beneath a multimillion-dollar Brooklyn Heights condo has led to its prolonged closure, highlighting friction between public amenities and upscale housing in New York City.
A massive fire swept through a Foster City condominium complex, damaging all 51 units and prompting a red-tag, which means residents cannot return home. No residents were injured, though two firefighters were briefly hospitalized. Red Cross support is assisting at a shelter at the PJCC as crews continue to battle hotspots and investigators probe the cause.
Starting Aug. 3, Fannie Mae and Freddie Mac will drop limited condo reviews and require full assessments of a condo association’s finances, reserves, insurance and upkeep, likely slowing loan approvals and increasing denials for noncompliant buildings; a separate Jan. 4 rule raises reserve requirements to 15% of annual budgets. Industry groups warn many projects could become ineligible or face delays, though smaller projects may qualify for waivers or alternative paths; cash buyers could have an edge during longer approvals.
Paul and Amy Silverman, after selling their Asheville home due to health issues, sought a two-bedroom condo in Brooklyn near their family, considering options with outdoor space, natural light, and amenities, ultimately choosing a property that best fits their needs and preferences.
Documents reveal that Fed governor Lisa Cook referred to her condo as a second home, highlighting her personal property details.
Famed photographer Annie Leibovitz sold her lavish 4-bed, 3-bath NYC condo on Manhattan's Upper West Side for a whopping $10.6 million, featuring sweeping Central Park views, grand interiors, high ceilings, inlaid hardwood floors, and moldings. The condo also boasts a formal dining room with giant picture windows, a newly renovated eat-in kitchen, and full-service amenities including concierge, doorman services, and private storage space.
Elton John's Atlanta home, a lavish condo that served as his American pied-à-terre, has been sold for $7.22 million, 45% above its initial asking price, just weeks after listing. The buyer, a local resident, paid the entire sum in cash. The opulent residence, spanning 13,500 square feet, was created by combining six separate units and offers stunning skyline views. Despite this successful sale, Atlanta's luxury real estate market is showing signs of softening due to rising interest rates.
Elton John's Atlanta condo has sold for $7.225 million, 45% over the asking price, after only a few weeks on the market. The four-bedroom unit, which served as the singer's U.S. home base, attracted significant interest due to its unique floor plan and connection to John. The buyer, who remains unidentified, paid in cash and is a local resident. The sale is one of the priciest condo sales in Atlanta's history and highlights the softening luxury market in the city.
Actress Carol Burnett has sold her Los Angeles condo for $3.7 million. The three-bedroom unit in the Wilshire condominium building in Westwood was remodeled in 2011 and was originally listed for $4.2 million in October. The building offers luxury hotel amenities, including 24-hour concierge and valet parking, a door attendant, a front desk for visitor registration, an on-site building manager, banquet and meeting rooms, a fitness center, a pool, and 36-bottle wine storage lockers. Burnett turned 90 on April 26 and celebrated with a two-hour special titled "Carol Burnett: 90 Years of Laughter + Love."
Comedian and actor Pete Davidson is willing to take a $100,000 loss on his two-bedroom Staten Island condo, which he initially listed for $1.3 million in December 2021. The condo is now on the market for $1.1 million. Davidson, who purchased the condo for $1.2 million in 2021, had renovated the property and hired an interior designer. Sources say that with high interest rates and room to afford a loss, Davidson doesn't mind the price cut. Davidson's net worth is estimated to be upwards of $10 million.