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Sandro Rosell
FC Barcelona President
Friday, June 23, 2017

Real Estate

Unwavering after his political demise, former governor Eliot Spitzer is back in the news again. The democrat formerly served as NY governor for fourteen months from the beginning of 2007 until March 2008. Before that he was positioned as NY’s Attorney General from 1999 till 2006. The Princeton and Harvard Graduate, who is known for having aced his SATs and LSATs, is the son of Bernard Spitzer, the real estate mogul.  Upon his 2008 resignation, he returned to his roots, investing in a real estate start up. He is now ready to embrace his largest real estate project ever.  It is a $700 million, 22- story, three-tower rental property at 420 Kent Avenue, in Williamsburg. 

The complex is being built and marketed by Citi Habitats. Executive vice

Himmel Meringoff Properties is expanding its Long Island City office portfolio. The firm has acquired a six-story, 127,000-square-foot office and warehouse building at 21-07 41st Avenue in Queens. As reported by Crain’s NY, the purchase price agreed upon was $25 million. Most of the building is already filled, but the firm is still looking to lease out the 11,000 square feet of retail space on the ground floor. Leslie Himmel, co-managing partner at Himmel & Meringoff, said she hopes the

David Rockefeller’s estate has put the Upper East Side historic mansion, in which Rockefeller and his wife, Peggy, raised their six children, onto the market. The New York Times did an exclusive story on the double-wide cozy family home “with museum-quality artwork mixed in with a homey décor.”

The property is 40 feet wide and four stories tall and located at 146 East 65th Street. The red brick Colonial Revival with limestone details is listed by Brown Harris Stevens, whose president

Two condominiums at 520 Park Avenue were recently sold for more than $70 million within the past week. The contracts were signed with Zeckendorf Development, who owns the building. It’s expected that other apartments will sell for around the same price.

The condos are duplexes with six bedrooms on the high floors of the building. The asking prices were between $73 million and $83 million, according to the Wall Street Journal.  As far as how large a space you can get for that kind of price: the

Luxury apartments are dropping in price. Robby Browne of the Corcoran Group found this out the hard way when he had to drop the price of the two-bedroom condo at 15 Central Park West which he owned that he was typically able to rent out for $18,500 a month. According to him, whenever a lease was about to expire, tenants and agents would be clamoring to rent the apartment, and he never had a problem finding someone new to move in. Now, with the current real estate market, he not only had to