March 12, 2001 Issue
"People are scared. I have a unit that went on five months ago for $1.35 million and he didn't want to sell. Now it's on at $1.1 million and he's motivated."
-- Broker Robin Horowitz, "Real Estate 2001"
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Real Estate 2001
Picking Up the Pieces
By Carl Swanson
The madness and frenzy of the last few years seem (cross your fingers) to be over. "It's a power shift," says one broker, from sellers to buyers. But the boom left absolutely nothing in the city unchanged.
The Money Pits
During the boom, buyers were willing to pay any price for the superluxury apartment of their dreams. But for some, the reality -- poor construction, cracking finishes, and, yes, loud toilets -- has been bitter indeed.
After five years of runaway prices, restaurant saturation, and lightning-fast gentrification, what's next? A close look at what the boom has wrought in 26 neighborhoods from Harlem to Park Slope.
A Modest Proposal
Are New York's most affluent apartment hunters ready to fork over up to $5 million for an apartment on 105th Street, built on the ruins of a former cancer hospital? Developer Dan McLean thinks so -- but then, he's from Chicago.
A Death in the Family
For Susan Berman -- ex-New York Magazine writer and daughter of mob kingpin Davie Berman -- life was a wild ride from Vegas princesshood to bare-bones survival in a run-down L.A. rental. Her friends, including real-estate scion Bobby Durst, got her through the dark times, but she'd pushed some to the emotional brink. Investigators wanted to question her about the long-ago disappearance of Durst's wife. Instead, she was found murdered on Christmas Eve, and the question remains: Whodunit?
The Bottom Line
Tech junkies got burned again this January. Why can't they kick the habit?
The City Politic
Now that Democrats are no longer the "in" crowd, how are they faring?
Sales & Bargains
BY SARA CARDACE
Inimitable umbrellas for rainy days
Only James Gandolfini rises above the psychobabble of The Mexican
Nuala O'Faolain's overstuffed first novel has dross, but more gold
A Skull in Connemara: artistically nil
Paul McCarthy's Rabelaisian art jokes have stale punch lines
Jessye Norman suffers at Carnegie Hall; Henze's Ninth is a triumph
The Lost Empire masters the fantastic
Dave Matthews's pop gets a polish
Tuscan Steak -- not for foodies
The Underground Gourmet
Italian Renaissance: Picasso Cafe and Caffè Linda