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headroom: interests, innovation, inspiration, creativity, and all the other thoughts I couldn't fit elsewhere

June 4, 2009

I'm ranked in the top 2% nationally!

Peter Comitini is ranked in the top 2% of real estate agentsheadroomI learned this week that I have been once again ranked in the top 2% of my company's real estate agents nationally! NRT is the parent company of The Corcoran Group, CitiHabitats, Sothbey's Real Estate, Coldwell Banker, and Century 21— with over 54,000 agents. It is always gratifying to be recognized for producing results, but this citation is even a bit sweeter. The point is made in the testimonial letter below by NRT President and CEO Bruce Zipf; "Your achievement is even more impressive given that your high-level of production occurred during what many now feel was the most challenging quarter of our professional lifetime. You have truly proven that you are the best of the best." Indeed, since the financial crisis blew up at the end of 2008, I've been cited consistently as a top producer, and as a member of Corcoran's elite 'Multi-Million Dollar Club'.

click image to read the testimonial letter

Bruce Zipf citation letter May 2009
In my business, I can only succeed when my clients do. What it actually reflects are the successful outcomes that they have experienced. A number of sellers I've represented had been on the market previously with others. I was able to engage buyers with a visibly superior marketing and sales process for their homes, and closed the deals for them. I negotiated for buyers who's focus was to take advantage of improved home prices and low mortgage rates. We got deals that would not have been possible three months earlier.

Negative stories about the housing market are still abundant, even as glimpses that the worst may be over, begin to show. I believe that this accomplishment shows that while the marketplace sets up a general operating environment, the details of any individual deal are subject to professional knowledge of a much more granular nature. One should certainly consider what the Case-Shiller Index lumps together about single family home prices in New York, New Jersey and Connecticut; but what does that mean when you want to buy a condo on Reade Street in Tribeca? Success is always possible.

February 15, 2009

The real estate bookshop is back

I'm taking a little break and traveling this week. I've been quite busy recently working on new business; resulting in a few half finished posts, while also tweaking the blog's CSS, and refining it's typography and visual elements over the past couple of weeks. Back soon...

bookshop_blog.gifThis is a quick note to announce that I've relaunched the real estate bookshop this week. I'm donating all profits to corcoran cares, an initiative to give back to the communities that we live in and serve. The shop features books on real estate investing, New York City, architecture, design, blogging and business, selected by me in the front window categories. Plus, search driven categories for other topical books and magazines, and Listmania offerings compiled by other users, so that new releases and the widest selection are there for you. The complete inventory of anything available on Amazon.com may be purchased here. I've also designed a bookshop widget that will run just below the newsreal, on the main blog's front page. The low prices are the same as you'll find on Amazon, so I hope will that comitini.com readers will browse, buy, and help support corcoran cares.

visit the bookshop »

January 27, 2009

tribeca, 1936 to today

tribeca

above: the corner of West Street at Warren Street in 1936. below: 101 Warren Street on the site today
click on any image to enlarge it | 1936 photo by Berenice Abbott | 2009 photo by Peter Comitini

101 warrren streettribecaI had some fun today standing in the approximate foot steps of Berenice Abbott and rephotographing the above scene, which she shot on April 8th, 1936 as part of Changing New York, her definitive record of New York in the 1930s which was sponsored by the Federal Art Project. I happen to live in Tribeca, a block away from this scene at the corner West Street at Warren Street. It had been a vacant lot ever since I can remember, part of the "urban renewal" which cleared out much of the infrastructure of the industrial waterfront in the 1960s. The new condominium tower at 101 Warren Street now rises on the site, along with the neighborhood's Whole Foods, Bed Bath & Beyond, and Barnes & Nobel. It epitomizes the modern day transformation of the area. The residences were designed by the New York office of Skidmore Owings & Merrill for developer Edward Minskoff, and are some of the best designed and built anywhere in Manhattan in recent memory. This is a special building that outperformed many others during the recent NYC building boom because it delivered superior product and location. The sales here reached an average selling price for the initial sponsor's offering of around $1500 per square foot (that's just an average, many units sold much higher) and pushed above $3800 per square foot for a unique $22,000,00 penthouse with panoramic river views. With the exception of one of the penthouses, the building completely sold out its 227 sponsor units, there are several apartments available for resale that can be shown too. It is quite a contrast to the lower west side of the Manhattan that Berenice Abbott walked 73 years ago. The Museum of the City of New York describes the West Street of the 1930s like this:

"The Eastern side of West Street was lined with cheap hotels, bars, luncheonettes, auto repair shops, and gas stations"
MUSEUM OF THE CITY OF NEW YORK, MCNY.ORG

In comparing the two images above, the massive, Art Deco, New York Telephone building serves as a visual landmark further down West Street in the new photo, while DC37 union headquarters now occupies the Abbott shot's World Telegram building, just to the north of it; note the naked steel armature for the signage which still sits on the roof. The College of Insurance building and 101 Warren Street now occupy the foreground, while the Bank of New York building and Seven World Trade Center rise in the background.

Photo by Fred Palumbo, New York World-Telegram & Sun
Washington MarketI find myself endlessly fascinated with the metamorphosis of the city. Tribeca's western most area was once the bread basket of New York. Produce and meats came down along the Hudson by ship from upstate, then were processed, stored and distributed from the waterfront. The marketplace stretched from the north at the Gansevoort Market in the "meatpacking district", southward through Greenwich Village, Soho, and Tribeca, to the Washington Market, which once occupied the World Trade Center site. It's 1940's iteration is shown here just to the south side of the of the New York Telephone building.

Most of the industrial waterfront and the rest of Tribeca, has been reclaimed as residential luxury lofts and apartments in this most recent chapter of downtown Manhattan. While many of West Street's historic structures have been lost, much of Tribeca to the east has been preserved from it's industrial past, and is now protected by several historic landmark districts which will help insure that our neighborhood retains its distinct character for future generations.

updated 01.29.2009

December 31, 2008

Happy New Year!

beauty lives everywhere

Thanks to all our clients and customers for making 2008 the best one ever.

November 5, 2008

I'm just so proud of my country tonight


headroomI can't help but to take a moment, a bit off topic for this blog, to celebrate the triumph of our democracy today in electing Barack Obama as the next President of the United States. The cheering about 11 PM could be heard on the streets near my home in Tribeca, as the networks announced their projections . I'm sure they were heard across the country and beyond. I've never seen a leader before with the ability to inspire so many people to renew their faith in the ideals and promise of America. Congratulations to President-Elect Obama and to the American people on this historic evening.


September 21, 2008

20/20's astigmatism

ABC's 20/20 was quick to run with a story last week, "The Fall of the Gilded Age". No doubt that Manhattan real estate, which has been largely spared from the real estate downturn, and fueled by Wall Street salaries, would be looked at in this segment. A well known NYC agent was on camera saying, "Because a month from now, that same $5 million apartment may be lucky to achieve $3.5 million" and that the average $5 million apartment has already lost 20 percent of its value. But no matter where you stand, buyer, seller, broker, or even bubble blogger, the claim simply doesn't hold up.

continued »

August 4, 2008

video: Reed Kroloff; architecture, modern and romantic

Critic and scholar Reed Kroloff seeks a new lens for judging new architecture: is it modern, or is it romantic? In this TED talk from 2003, which has just been released, he delivers a blistering critique of the Ground Zero planning process. It serves as a springboard into a discussion of architectural approaches which he then filters as being "technocratic" or "romantic". With an outspoken approach to the problems of rebuilding cites and a fearless eye for design, Reed Kroloff is helping to change the urban landscape of cities from New York to New Orleans.

continued »

May 24, 2008

Woolworth's western facade fully seen for last time

The demolition of the 1951 Moody's building at 99 Church Street has revealed, for the first time in 57 years, this unobstructed view of Cass Gilbert's neo-gothic design for the Woolworth Building's western facade. It is the site for a major new addition to the lower Manhattan skyline— Architect Robert A.M. Stern's design for the new, downtown, Four Seasons Hotel and condominium tower. The new skyscraper will rise on the construction site visible in the foreground and will eclipse this view forever.

continued »

April 30, 2008

Architect Norman Foster: Building on the green agenda

This is a compelling video of Sir Norman Foster that was filmed in Munich in 2007 at DLD (Digital, Life, Design); a conference covering digital innovation, science and culture. He presents a macro view of urban design and public buildings that are sustainable and "celebratory". These are agenda setting ideas. He illustrates them using his own work; including the London Gherkin, and mega scale projects in China and the Middle East. In Manhattan, Lord Foster has completed the striking Hearst building on 57th Street and is working on one of the new towers on the World Trade Center site.

continued »

January 21, 2008

A forgotten Keith Haring discovered in Tribeca condo

This is a fascinating report by Bradley Hope at The Sun about a lost work by Keith Haring which was recently uncovered during the redevelopment of a loft at The American Thread Building in my neighborhood of Tribeca.

continued »

December 24, 2007

beauty lives everywhere

Think of all the beauty still left around you and be happy. — ANNE FRANK, DIARY OF A YOUNG GIRL Central Park snow storm from my holiday card, photo: Galina Dreyzina As young Anne Frank writes in her diary about 1942, beauty exists everywhere we are willing to see it, and one of the things that brings happiness. It is as simple as new fallen snow, and natural as the face of my child on Christmas eve. It is sometimes...

continued »

November 26, 2007

Open House theives nabbed

Two women were arrested on Saturday in connection with a string of thefts at five open houses over the past month according to a report in today's Daily News

continued »

November 22, 2007

real estate purchases great and small

You've been nice, so treat yourself to that new penthouse loft you so well deserve this holiday season, or if your budget is a little tighter, get a book about decorating one. Either way, start your search here.

continued »

November 14, 2007

Real Estate's most wanted

Doug Heddings at TrueGothman has posted the first glimpses of two thieves that visited his open house of his last week. They are captured from security cameras in the lobby and elevator.

continued »

November 3, 2007

My first year as a real estate blogger

Today marks the first anniversary of my blogging adventure. I'd like to take a moment to thank our subscribers and frequent readers for their interest and support. It has been a lot of work, but the feed back from the public and my professional colleagues has made it really worthwhile. Web traffic analytics show that I'm being read in 103 countries globally and visitors click through and read an average of over 2 stories on each visit. I'm encouraged by that broad based, quality readership.

continued »

October 31, 2007

Spirits of New York

Down the Hudson, south of Sleepy Hollow, New York City has its own haunts and legends of restless spirits.

continued »

October 30, 2007

Haunted open house

Sunday's open houses were haunted by rumors of the death of the Manhattan market. Agents reported that Death decided to fly up from Miami this weekend, and showed up at several open houses; however Manhattan continues to show that it is hardly on its last breath. Happy Halloween!

continued »

October 15, 2007

newsreal gets a gut rennovation

I'm happy to announce that newsreal has now grown up and leads the redesigned third column of comitini.com. The bookmarks are still hand selected, in a point and shoot style blog on real estate and New York City news.

continued »

September 17, 2007

Update: photos from ground zero 2007

This is an update of last week's post a 'September 11th photo journal from ground zero'. This 9/11 was a rainy Tuesday, the site was overcast and more somber than in previous years. The site is now a construction zone as the redevelopment moves into its next phase. This will likely be the last year that families of the victims will be able to walk into the pit where the buildings once stood. I roamed the area surrounding the site this 9/11 again, and added new photos to my set on Flickr.

continued »

September 14, 2007

Video: East Village memories

A perfect little video interlude titled 'Art and Unrest in the East Village' appeared online at the NY Times site today on the history of the East Village by John Strausbaugh, who also wrote the related article 'Paths of Resistance in the East Village'. think that you'll enjoy watching this very informative video about the rich contribution of this downtown neighborhood over the past 150 years.

continued »

September 10, 2007

a September 11th photo journal from ground zero

I live in Tribeca, the neighborhood just north of the World Trade Center site, about four blocks away from ground zero. Each year since that terrible day I've made it a point to visit ground zero to pay my respects to those who died there. For the past five of those years, I've carried a camera and documented a slice of time from each September 11th which I'm presenting here as photo journal hosted on Flickr.

continued »