There isn't a crisis happening in the real estate sector, says Jillian Mariutti-Nieder
JLL Capital Markets senior director Jillian Mariutti-Nieder joins 'The Big Money Show' to discuss the commercial real estate sector, converting properties and Big Tech downsizing space in major coastal cities.
The Belnord in New York City’s Upper West Side received an influx of attention after it first appeared in the hit Hulu series "Only Murders in the Building."
Now, it’s back in the spotlight amid reports Martha Stewart now owns a large condo there with her daughter Alexis. The mother-daughter duo reportedly shelled out $12.3 million to acquire it in a late April deal, according to Mansion Global.
The duplex condo and its 4,600-plus square-footage spent 385 days up for grabs, a listing for the unit indicated.
Alexis Stewart and Martha Stewart attend(s) MARTHA STEWART celebrates Editor in Chief VANESSA HOLDEN'S September Issue of MARTHA STEWART LIVING at Kevin Sharkey's Apartment on September 11th, 2010 in New York City. (Photo by Scott Morgan/Patrick McMu (Scott Morgan/Patrick McMullan via Getty Images / Getty Images)
Two real estate firms were reportedly involved in the transaction. Corcoran Group’s Richard Ziegelasch worked on the buy-side, while Douglas Elliman’s Maya Kadouri and Sabrina Saltiel were on the sell-side, the outlet reported.
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Gxstocks reached out to Ziegelasch as well as representatives of Stewart for comment regarding the reported condo purchase. Douglas Elliman declined to comment.
Stewart, who is 82, and her daughter will have luxurious amenities and features to enjoy within both the condo and the building.
The Belnord offers "six distinct residential lobbies." In the middle, there is also a massive courtyard and garden that sprawls 22,000 square feet, according to reports.
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Within the reported Stewart condo, it comes with 10-foot ceilings and "fully restored, oversized" mahogany windows, per the listing. Marble counters and heated floors have also been incorporated into the place, with appliances like a wine fridge available too.
The condo she and Alexis bought in the Belnord is apparently located on the highest two floors within the building whose exterior doubles as the "Arconia" in "Only Murders in the Building," Crain’s New York Business reported.
NEW YORK, NY - APRIL 24: Steve Martin, Martin Short, and Selena Gomez are seen filming 'Only Murders in the Building' on on April 24, 2024 in New York, New York. (Photo by MEGA/GC Images) (MEGA/GC Images / Getty Images)
Stewart has other real estate in New York and Maine, according to MarthaStewart.com.
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The series "Only Murders in the Building" first debuted on Hulu’s streaming platform in 2021 and has completed three seasons so far. It has a star-studded cast led by Selena Gomez, Steve Martin and Martin Short.
A fourth season of the show, which has won four Emmy’s, is in the pipeline.
