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Sandro Rosell
FC Barcelona President
Wednesday, October 18, 2017

Real Estate

Hotel developer Sam Domb has recently placed his gorgeous Upper West Side townhouse on the market with an asking price of $14.25 million.

Empire Hotel Group, which was founded by Domb and now is run by his children, manages many boutique hotels including the Belvedere and the Pearl. 

In 2002, using an LLC that is registered in his name, Domb purchased the home located at 318 West 81st Street in Manhattan’s Upper West Side. He had previously run the property as a rental building, but it has now been converted into a single-family home, according to the listing with Leslie Garfield’s Richard Pretsfelder.

According to LLNYC, “The 8,200-square-foot mansion was designed by architect Clarence True and built in 1898. It has five bedrooms

Howard Lutnick, the CEO of financial services firm Cantor Fitzgerald, has purchased a triplex penthouse at the Pierre Hotel for only $44 million. The price represents a significant, $81 million discount since the penthouse was formerly one of New York City’s most expensive listings at $125 million, according to a Page Six report last week. 

Out of all the finance firms in New York, Cantor Fitzgerald suffered the most from the terror attacks of September 11, 2001, losing 658 of its 960

The highly anticipated list of Brooklyn’s top real estate sales for the second quarter of 2017 is ready.  In the first quarter of 2017, there was $1 billion worth of real estate deals traded in Brooklyn. The second quarter was not quite as impressive, but a bulk of the variance was due to last quarter’s hefty $600 million purchase of a Dumbo Heights portfolio. Further, the sale of 109 Montgomery street on this quarter’s list has no price listed. Overall, residential sales dominate the list

The mass closure of Manhattan restaurants and stores has prompted protests from business owners over a commercial rent tax on business tenants with a rent of over $250,000 a year. In a report this month, the NY Times noted that Manhattan has lost many iconic restaurants, including Greenwich Village café French Roast, Republic, and Blue Water Grill. The restaurants, many of which were neighborhood fixtures, have been forced to close down or relocate due to skyrocketing rent. A 2016 Food Republic

The fate of Congregation Shaare Zedek, a Conservative synagogue on the Upper West Side’s West 93rd Street and the nation’s third-oldest congregation, is now hanging in the balance. As a result of the financial problems affecting many religious congregations throughout NYC, Shaare Zedek’s leaders are planning to sell the property to a developer, replacing the almost 100-year-old building with a 14-story condo, in which the synagogue will continue to occupy the first three floors. 

In a report