Photo Credit: Yoo Jean Han for Sotheby’s International Realty
In Market

Janet Jackson’s Manhattan Home near Central Park Seeks $8.995M; Miami Lending Firm Offers Crypto Mortgages

By: Ameena Walker

Post House, Brooklyn’s Boutique Condominium, Launches Sales from $999,000

Post House, a ground-up luxury condominium in Brooklyn’s Boerum Hill neighborhood, has launched sales on its 41 residences. The 11-story building features one- to four-bedroom apartments and two half-floor penthouses, with prices starting at $999,000.

Renowned Isaac & Stern Architects partnered with Workshop/APD to craft a contemporary art-deco structure with arches, curved ceilings, and geometric shapes on the former site of a post office. Residences feature lightly distressed white oak floors, divided-light windows, warm textured brass accents, and clean white marble.

Many of the homes feature private balconies, terraces, and double-height covered loggias that give residents stunning panoramic views of the East River and surrounding neighborhoods. The amenities package at Post House includes a residents’ lounge with a custom greenhouse, a private courtyard, a fitness center, a pet spa, a children’s playroom, and a landscaped roof deck with an outdoor gym and dining areas. First closings are expected to commence in early 2023. 

Janet Jackson Lists Manhattan Home Overlooking Central Park for $8.995 Million

Iconic singer and actress Janet Jackson is looking to part ways with her Central Park West home of 24 years, reports the Wall Street Journal. The “Rhythm Nation” lyricist purchased the 2,100-square-foot home on the 34th floor of One Central Park West for $2.8 million in 1998. She is now hoping to sell the place for $8.995 million.

The apartment features an open living and dining room, 10-foot-high ceilings, dark wood floors, an eat-in kitchen, and floor-to-ceiling windows that provide panoramic views of Manhattan and overlook Central Park.

Miami Lending Firm Offers World’s First Crypto Mortgages 

Miami-based startup lending firm Milo Credit is offering cryptocurrency-backed mortgages that allow buyers to secure funding for their home purchases while hanging on to their coins. The company’s website describes it as the world’s first crypto mortgage, giving blockchain enthusiasts the ability to borrow as much as $5 million with no credit score or cash down payments. Buyers must hold at least 100% of the loan value in crypto. Per Bloomberg, Florida-based real estate investor Vincent Burniske was able to purchase two small apartment buildings via a seven-figure, 30-year, fixed-rate mortgage secured by his Bitcoin and Ethereum holdings.

San Francisco Condo and The Matrix: Resurrections Filming Location Sells with $4.2M Ask

Within four days of hitting the market, the duplex three-bedroom abode that served as the backdrop in scenes for the 2021 sci-fi film The Matrix: Resurrections has found a buyer, Mansion Global reports. The condominium, which sought $4.2 million, is located within a boutique building in San Francisco’s Russian Hill neighborhood and features an upper-level living room with a fireplace, custom decorative window glass, large bay windows, built-in bookshelves, and spectacular views of the city’s skyline.

Michael Shvo Partners with Rosewood Hotels on Raleigh Hotel Redevelopment in Miami

Developer Michael Shvo is partnering with Rosewood Hotels & Resorts on his latest project, which will redevelop Miami Beach’s Raleigh Hotel and adjacent properties at 1751, 1757, and 1775 Collins Avenue. The Real Deal reports that Rosewood will manage the development’s new 60-key oceanfront hotel and will brand Shvo’s planned 44-unit condominium tower, Rosewood Residences Miami Beach. Architect Peter Marino will spearhead the hotel’s renovation and designs for the oceanfront homes.