The family plans to combine a 10,000-square-foot space they closed on Thursday for $42 million with a smaller apartment they bought for $15.5 million, the Wall Street Journal reports.
A buyer has spent $57.5 million on two units at the Manhattan condominium 33 East 74th Street with plans to combine them into one large home, according to co-listing agent Katherine Gauthier of Douglas Elliman Real Estate.
One of the units, measuring about 10,000 square feet, closed Thursday for $42 million, said Ms. Gauthier, who represented the developer, Daniel Straus, with colleague Lauren Muss. The family who bought it plan to combine the unit with a roughly 3,800-square-foot apartment they recently purchased for $15.5 million, Ms. Gauthier said.
The larger unit comprises the first four floors of a century-old townhouse known as the Atterbury Mansion. The mansion is part of an assemblage of nine adjacent buildings that make up the 10-unit condominium: The landmarked facades of the buildings were restored, but the insides were gutted and combined.
Ms. Gauthier said the buyers, whom she declined to identify, went into contract on the larger unit in October, but then wanted more space. They decided to buy an adjoining three-bedroom apartment in the building’s “A Line” and combine the two.
“This buyer was very much interested in creating something unique,” said Mr. Straus.
The larger unit had been listed at $45 million. It went into contract at the asking price in October, but the sale price was modified after the buyer decided to buy the adjoining unit, which was priced at $16.5 million, she said.
Mr. Straus purchased the buildings five years ago from the Whitney Museum of American Art for about $92 million. Initially he put the Atterbury Mansion on the market unrenovated for $38 million, but decided to take the townhouse off the market and divide it into two units connected to the rest of the development.
The other Atterbury unit, which encompasses the top three floors, has closed for $31 million, Ms. Gauthier said.
Elliman’s Richard Steinberg represented the buyers.
Renters in Los Angeles and San Francisco are Paying $1200 a Month for a Bunk Bed in a Shared Space
Would you pay $1200 a month for a bunk bed in a shared space? Renters in Los Angeles and San Francisco are opting for pods in communal home with a desk, locker and personal TV
With the cost of rent continuing to rise, some Americans are taking unusual measures to find a place to sleep.
PodShare, which provides 10 to 15 co-ed bunkbeds in six locations across California, is hoping to help solve the affordable housing crisis.
The beds can be rented from $35 to $50 a night, which amounts to between $1,050 and $1500 for one month.
It’s no secret that housing prices have rapidly spiked over the last decade and incomes have not kept up
One 2018 study published found that only about one-third of millennials currently own homes.
This is fewer than the number of Generation Xers and baby boomers who owned homes when they were the same age.
And a study conducted by Harvard University this year found that one-in-three Americans can’t afford to pay rent.
It’s unsurprising considering that, in cities such as San Francisco, the average rent for an apartment is about $3,900.
But for $1,200, if you rent with PodShare everyone gets a bed that turns into a desk, individual power outlets, a locker, a shelf and a personal TV.
Each location also provides a communal living room, food such as cereal, toiletries such as toilet paper, laundry machines and WiFi access, reported CNN.
Tenants are known as ‘pod-estrians’.
Although the set-up may seem like an adult dormitory or a hostel, the company uses the term ‘co-living’.
‘PodShare makes life more affordable because there is no security deposit or cost of furnishings and we provide flexible living,’ co-founder Elvina Beck told Vice in 2016.
‘Pod life is the future for singles which are not looking to settle down, but focus on their startups and experience something new.’
There are no curtains to close off the beds, and the only doors are to the bathroom, reported Time Out Los Angeles.
Although there’s no privacy, pod-residents are willing to exchange that for affordability or a reduced travel time to work.
Beck, 34, told CNN that she founded the company in 2012 because she wanted to meet new people and provide housing security to others.
‘Maybe they don’t have two months’ rent to put down or they don’t have proof of income,’ she said.
‘Whether it’s from a divorce or their family kicked them out for being gay or because they’re in a different country or a different city.’
She told CNN that, when she began PodShare, most residents were between ages 24 and 30. Today, however, most ‘tenants’ are in their late 20s or early 30s.
Additionally, many of the early residents were young adults who had just moved to a new city. But many new residents are older adults and even those traveling on business.
However, there some rules that people are required to follow. Lights have to be off by 10pm, no guests are allowed and tenants can’t have sex.
‘You can’t invite any friends over,’ Beck told CNN. ‘Sorry. Just make new ones here.’
Caretaker Ties a Wheelchair-Bound Pensioner to a Tree by The Neck
Shocking footage of a wheelchair-bound pensioner being tied to a tree by the neck by a caretaker has sparked controversy in China.
The caretaker claimed to have no other way but to bind her frail client with a rope because she had to rush back home to deal with family emergency.
Furious onlookers demanded the caretaker free the pensioner immediately. The domestic worker defended her act by calling the incident ‘no big deal’.
The pensioner appeared extremely distressed throughout the video and could not speak clearly.
One angry male passer-by accused the caretaker: ‘How would you feel if your daughter treated you like this?’
He criticised the caretaker and said she should bring the pensioner with her.
The caretaker replied: ‘[If I had] pushed her back, she would tell [on me].’
Another female bystander pointed out that the pensioner neck had turned red because of the rough treatment.
After being lambasted by eyewitnesses, the caretaker untied the pensioner and pushed her away.
Authority said the clip had been uploaded onto the social media by residents in a neighbourhood called Nanyuan on the outskirts of southern Beijing.
But they had not been able to identify the exact location of the incident or track down the individuals involved.
Police have been alerted of the video and launched an investigation, according to Beijing Evening News.
Comforting Shelter Dogs During Fireworks Is The New Independence Day Tradition
“Calming the Canines,” at Maricopa County Animal Care and Control (MCACC), is a new Independence Day tradition.
Last year, over 300 people from the community showed up at the shelter’s two locations around Phoenix, Arizona.
It was overwhelming to see how the community responded. It really helped spread our message that MCACC is here to help.
Amy Engel, who attended Calming the Canines last year said that she definitely plans on attending this year, too.
Engel wrote about her experience last year
Some people sang to them, some people read to them, some people just sat there and gave treats! It was so, so awesome because the dogs absolutely love the attention and were focused on the people and not the fireworks going on outside.
Many participants developed lasting relationships with the shelter, returning to provide foster care, adopt a pet or volunteer.
The shelter suggests people to bring blankets to sit on, or folding chairs, and to let the dog or cat approach them to sit calmly and quietly.
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