News:
Brokerage
Posted: June 22, 2021
Carini of Carini Group lists 3,381 s/f penthouse in Manhattan
Manhattan, NY Alex Carini, founder and CEO of Carini Group, has listed a, 3,381 s/f, three-story penthouse with a rooftop patio at 16 Warren St. in TriBeCa. The residence is the only penthouse within the 10-story property, known as the TriBeCa TownHomes, which features six residences. Italian architect and designer Leopoldo Rosati designed this residence.
The penthouse’s seller is 16 Warren Street Ph, LLC, owned by real estate developer Michael Marvisi.
“The luxury residential market in New York City has been performing very well since January. This is a reversal of a trend that has seen luxury residences underperform other residential sectors since late 2016,” said Carini. “The reasons for the heating up market for properties valued above $4 million include a limited inventory; attractive, reduced pricing; and families of high earners returning to New York City as major financial institutions will require employees to work from their offices starting in September,” he added.
The penthouse at 16 Warren St. offers views of the city skyline waterways, and One World Trade Center. This residence features a private Jacuzzi rooftop, one among four outdoor terraces and balconies, an indoor-outdoor lifestyle on every floor, 14 foot ceilings, natural light, and a private key-locked elevator. The private roof deck, accessed via the home’s private elevator, features a hot tub, gas fireplace, and an outdoor kitchen.
The Tribeca TownHomes at 16 Warren has advanced intercom, telecommunications and security systems as well as Low-E windows with Argon gas, energy/water-conserving toilets/shower heads, motion/light-sensitive lighting controls, and roof solar panels that facilitate hot water. Residents also enjoy private locked basement storage, a private wine cellar, a bike room, a visiting superintendent, and a cyber- doorman for package acceptance.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
