News: Brokerage

Thru the Lens: Nicole Fuller designs Penthouse of 400 Fifth Avenue

NEW YORK On November 10, Peter Tunney hosted a cocktail reception and signing of his latest book, Dictionary Daze A-Z, in the Penthouse of 400 Fifth Ave., a new condominium developed by Bizzi & Partners Development. The event also unveiled a new luxury model apartment designed by noted New York interior designer Nicole Fuller. Approximately 400 New Yorkers in design, art, real estate, fashion and culture attended and enjoyed amazing art, eats, cocktails and unparalleled city views from the Penthouse on the 60th floor of this architectural masterpiece designed by Gwathmey Siegel & Associates Architects. The Residences at 400 Fifth Ave. offer one, two and three bedroom and Penthouse residences ranging from 776 to 3,590 s/f. Many buyers have chosen to combine units to create even more spacious layouts. The 60-story tower, comprised of approximately 570,000 s/f, is also home to The Setai Fifth Ave. Hotel, a 214-room five-star luxury hotel with guest rooms and hotel suites located on tower floors 1-30. Residents at 400 Fifth Ave. enjoy a private residential entrance, separate from the hotel. However, residents can enjoy amenities offered by the hotel, including a private residential lobby entrance; resident manager and staff; dramatic, uniquely angled floor-to-ceiling windows offering panoramic city views, nine-foot plus ceilings; an exclusive residents-only 11th floor Leisure Lounge and outdoor terrace. Residents also have access to the hotel's 3,500-square-foot fitness center; an Auriga spa; a Julien Farel salon; The Bar on Fifth; and Ai Fiori, the new Michael White restaurant which recently earned its first Michelin star and is located on the second floor of The Setai Fifth Avenue Hotel. Douglas Elliman Developments was selected by Bizzi & Partners as the exclusive sales and marketing agent for The Residences at 400 Fifth Avenue in the Spring of 2011.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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.
A fresh start - by Shallini Mehra and Amit Doshi

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

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