>> WELCOME BACK TO
CHEDDAR NEWS LOOKING FOR 3.60
SOMETHING PENN HOUSE VIEW OF
NEW YORK CITY
DESIGNER FURNITURE, ALL HIGH
AND FINISHES OF COURSE AND A
PARK AVENUE ADDRESS. WELL YOU
CAN HAVE IT ALL
FOR COOL. 169 MILLION DOLLARS
JOINING IS NOW IS RYAN SERHANT
FOUNDER AND AND CEO OF
SIR HAND AND STAR OF BRAVO'S OF
COURSE MILLION DOLLAR LISTING
NEW YORK RYAN THANK YOU SO MUCH
FOR BEING HERE TELL US ABOUT
THIS PRETTY HIGH.
THE LISTING. WE KNOW IT'S THE
FIRST TIME IT'S EVER BEEN
PUBLICLY OFFERED FOR SALE.
>> YEAH, THIS THE DEFINITION OF
DRAW DROPPING AND IT IS AGE
TRUE
TROPHY RESIDENTS. THERE'S
NOTHING ELSE LIKE IT IN THE
WORLD FOR TROPHY HOME
PURCHASERS WHO
PURCHASED BRAND AND LOCATION
FIRST
AND FOREMOST. THIS IS THE
EQUIVALENT TO THE PENTHOUSE AT
ONE HYDE PARK IN LONDON
ADVERSE KHALIFA IT
IS ONE OF THOSE TYPES OF
PROPERTIES BECAUSE THERE'S ONLY
1, 4, 32 PARK AVENUE IN THE
WORLD AND THERE'S ONLY ONE TRUE
PATH. THE HOUSE WAS APARTMENTS
NEVER BEEN ON THE MARKET EVER
IT WAS PURCHASED SET
ON SCENE OFF OF PLAN WHEN THE
BUILDING WAS A HOLE IN
THE GROUND BEFORE ROSE TO
NEARLY 1400 FEET NEAR AND THIS
IS THAT ROUTE TOP FLOOR SOURCE
OF THE ONLY FLOOR IN THE ENTIRE
BUILDING THAT WAS AT ACTUALLY
DESIGNED AND BUILT AS A
FULL-FLOOR UNIT. SO IT'S ONE
OF ONE. AND THE THING THAT
GRABS YOUR ATTENTION THE MOST
AS YOU WALK IN. AND IT IS PIN
DROP QUIET. IT IS SO
STRUCTURALLY SOUND IT'S
INCREDIBLE AND YOU HAVE A 93
FOOT WINGSPAN
WE'RE LIVING TO DINING SPACE
SHE WALKED IN
YOU'RE WATCHING THE SUNRISE AND
YOU LOOK LEFT AND YOU'VE GOT
CENTRAL PARK THE ENTIRETY
OF IT AND YOU LOOK RIGHT AND
YOU'RE LOOKING ALL THE WAY DOWN
TOWARDS THE STATUE OF
LIBERTY IN SHIPS COMING IN AND
HARBOR IT'S IT'S PRETTY WILD
AND BEING INCREDIBLY
IT'S A SIGHT TO SEE.
>> IT'S A OVER 8,000 SQUARE
LOOKING AT THE PICK THE
PICTURES AND THE VIDEO WE HAD
JUST A
MOMENT AGO, AND IT'S EASY FOR
SO MANY OF US THE DAYDREAM BUT
FOR SO MANY OF US WE ARE PRICED
AT IT IS
QUITE SUBSTANTIALLY SO I WONDER
YOU KNOW WHAT
IS YOUR OR BUYER POOL LIKE
GIVEN THAT THE AVERAGE PERSON
AND EVEN THE AVERAGE IN THE
MILLIONAIRE CAN'T AFFORD THIS.
>> YES, YES, THE PRICE IS A
169 MILLION DOLLARS. AND WE WE
WE PRICED IT LIKE YOU WOULD ANY
LISTING HE LOOKED AT THE TOP 10
HOUSES AROUND
THE WORLD AND ACTUALLY IT'S NOT
AS EXPENSIVE AS A LOT OF THE
TOP PENTHOUSES AROUND
THE WORLD WHERE BETWEEN DUBAI
PARIS AND LONDON AND HONG KONG
AND SINGAPORE AND SHANGHAI.
HOUSES ARE SELLING FOR BETWEEN
20300 MILLION DOLLARS
U.S.. BUT
THIS ISN'T A HOUSE WERE AWARE
OF THAT AND IT'S A HOUSE WHICH
IN NEW YORK IS IS THAT THE
CREME DE LA AND
SO ON HIGHER BASE IS VERY VERY
WIDE AND VARIED EVERY BUYER WE
WALK THROUGH WHICH HAS BEEN A
GOOD AMOUNT ACTUALLY SINCE WE
ACTUALLY CAN TO MARK THE 15
WOULD ARE.
EASILY GULLIBLE ALL
YOU KNOW EVERYBODY IS A
BILLIONAIRE OF WHICH THERE ARE
MANY OF THE WORLD, A GOOD
AMOUNT OF THEM HAVE MADE MONEY
THROUGH CRYPTO KNOW
LAST YEAR OR WHO HAVE HAD A
RECENT EXIT IPO EVER THOUGHT
THEY WERE GOING IPO THAT
PASSIVE RAISE IN THE LAST 12
MONTHS AND THEY NEVER THOUGHT
THEY WERE GOING TO HAVE THAT.
IT'S YOU THE SURPRISING YOU
THINK THAT PEOPLE WOULD
COME THROUGH IF YOU PAY CASH
FOR SOMETHING LIKE THIS THAT WE
HAVE A LOT OF PEOPLE WHO COME
THROUGH WITH YOU
KNOW IT 90 MILLION DOLLARS
THEY'RE GOING TO FINANCE
ARREST. THERE'S LOTS OF BANKS
THAT WILL DO THE FINANCING
FOR THEM. AND SO THE
STRUCTURING SOME
INTERESTING CONVERSATIONS.
>> YOU CAN FINE AND IF YOU CAN
PAY CASH FOR A DOWN PAYMENT
90 MILLION. I THINK THERE'S A
BANK OUT THERE IT'S GOING HELP
YOU FOR THE REST
OF IT INTERESTING THOUGH YOU
BRING UP THE POINT OF YOU KNOW
PEOPLE THAT I PEELED OR YOU
KNOW BITCOIN MILLIONAIRES
MULTIMILLIONAIRES AND EVEN SOME
BILLIONAIRES OUT THERE. CAN YOU
JUST TELL US THOUGH ABOUT RAUL
LUXURY, REAL ESTATE MARKET HERE
IN NEW YORK CITY BECAUSE WE ARE
HOPEFULLY KIND OF ENDING ARE
TELLING OUT OF THIS PANDEMIC
IS IT SHE GOT WAS IT LIKE RIGHT
NOW.
>> IT'S THE STRONGEST I'VE EVER
SEEN IN MY
ENTIRE CAREER. I GOT INTO THIS
BUSINESS. THE DAY LEHMAN
BROTHERS FILED FOR BANKRUPTCY
IN THE
1ST HALF OF 2021. THERE WAS A
135 CONTRACTS SIGNED FOR LUXURY
PROPERTIES IN NEW YORK CITY
WHICH MEANS OVER
10 MILLION. THAT'S THAT'S THE
MOST 10 MILLION-PLUS PROPERTIES
EVER SIGNED IN THE FIRST 6
MONTHS OF
ANY YEAR. EVER WAS ALSO
OBVIOUSLY I THINK THAT
423% INCREASE. OVER WHAT WE SAW
IN 2020 RIGHT WHEN COVID FIRST
WHICH MEANS THAT THERE'S AN
INCREDIBLE DEMAND AND AN
INSATIABLE APPETITE FOR LUXURY
PROPERTIES IN
AND STILL TO THIS DAY EVEN WITH
THE INCREASED TAXES EVEN WITH
EVERYTHING EVERYONE TALKS ABOUT
THEIR NEW YORK CITY IS AN
ISLAND IS A ROCK AND THERE'S
ONLY ONE
OF THEM. IT'S ALSO THE MOST
INTELLECTUALLY CURIOUS CITY IN
THE WORLD, IT'S AN AMAZING
PLACE TO DO BUSINESS. IT'S A
PLACE TO OWN HEARTS, YOU KNOW,
THAT'S WHAT THESE TROPHY HOMES
THESE LUXURY PROPERTIES ARE A
PACKED HOUSE AT 56 LEONARD IN
TRY
BACK UP. YOU JUST WANT A
CONTRACT FOR JUST UNDER
50 MILLION DOLLARS. AND THAT'S
IT FOR
THE MONEY FOR FOR LOWER AND
THERE'S BEEN COUNTLESS OTHER
DEALS AND WE JUST SAW THE 3
THAT ARE MEANT TO 20 CENTRAL
PARK SOUTH OF 81ST RESALE DEAL
JOHN IN THAT BUILDING FOR
33 MILLION DOLLARS. THAT'S
THAT'S 11 MILLION DOLLARS A
BEDROOM.
BUT PEOPLE BELIEVE IN BRANDON
NEW YORK CITY TO BELIEVE IN THE
POWER OF THE CITY AND EVERY
SINGLE TIME THE CITY'S HAD A
RESET WHETHER IT'S BEEN 9.11
LEHMAN.
HURRICANE SANDY FOR COVID THE
CITY COMES BACK TWICE AS HARD
AND
THAT IS HAPPENING NOW AND WE
SAW THE PENN HOUSE IN SOHO
AUGUST OF LAST YEAR THE DEATHS
OF COVID WHY WOULD YOU EVER BUY
A NEW YORK CITY LAST YEAR NEW
YORK CITY'S YEAH, IT'S OVER
RIGHT, THAT'S WHAT EVERYONE WAS
SAYING INCLUDING OUR
POLITICIANS. AND SO THE 2 FOR
22 AND A HALF MILLION DOLLARS
YESTERDAY.
SOMEONE SENT US AN OFFER 40.
>> YOU KNOW KIND OF IN THAT
SAME VEIN AS THE FIRST OF ALL
YOU DON'T SELL ME ON YORK, I
LOVE NEW YORK CITY, I AGREE
WITH YOU IT'S THE
GREATEST PLACE ON THE EARTH TO
YOU HAVE A NATIVE HERE BUT.
>> DID WE SEE THE SAME PEN
A PANDEMIC.
>> TRENDS THAT WE SAW IN KIND
OF THE OVERALL REAL ESTATE
MARKET HERE IN NEW YORK CITY
DID TO BE THIS PANDEMIC IN THE
LUXURY MARKET PEOPLE FLEE AND
THEN KIND STARTING TO TRICKLE
IN OR WAS IT DIFFERENT.
>> NOW NEW YORK CITY HAS HAS
HAS BEEN HIT THE HARDEST AND
>> YOU KNOW WE
WERE DOING.
>> VERY TOUGH DEALS INTO THE
BEGINNING PART OF THIS YEAR TO
BE HONEST THE ONLY REALLY
STARTED TO SEE AN UPTICK IN
RESIDENTIAL SALES, ESPECIALLY
IN WHICH THE MARKET IN
MANHATTAN AND THE GREATER
BURROWS AT THE BEGINNING
OF JANUARY WHEREAS THE REST OF
THE COUNTRY REALLY WOKE UP LAST
SUMMER IN TOWN LAST SPRING.
WHEN PEOPLE REALIZE THEY'RE
LOCKED UP
AT HOME. LISTEN WHEN YOU WANT
TO MOVE IT OUT OF SIGHT OUT OF
MIND RIGHT YOU'RE BUSY KIDS ARE
IN SCHOOL, YOU'RE WORKING ON
THINK ABOUT IT YOU GET HOME YOU
PASS OUT AND YOU MOVE IN 2
YEARS BECAUSE HE HAD TOO
MUCH TOO WHEN YOU'RE LOCKED UP
AT HOME, YOU CAN'T GO ANYWHERE
YOU WANT THAT EXTRA BATHROOM.
THE HOUSE HAS JUST STARTED
FLYING. BUT NEW YORK IS A BIG
CITY.
AVERAGE
SUPPLY HERE THAT WE HAVE RIGHT
NOW I THINK IT'S IT'S ONE 0.1
YEARS WORTH OF SUPPLY WHICH
SOUNDS LIKE IT'S A LOT.
BUT AT THE SAME TIME THE
AVERAGE PRE COVID IN NEW YORK
CITY WAS JUST OVER 4 YEARS OF
SUPPLY. AND SO WE'VE REALLY CUT
THAT DOWN RIGHT BY ABOUT
75% AND BUT IT'S NOTHING
LIKE FLORIDA IN BOTH THE
AVERAGE DAYS ON MARKET IN
FLORIDA IS.
THANKS 7. AND I COULD BE OFF ON
THAT, BUT IT IS VERY CLOSE TO
THAT NUMBER. I WAS
UNLUCKY PURCHASES ARE
EVERYWHERE AND NEW YORKERS
WHEREBY IN NEW YORK OR NOT
ARE THE ONES WHO ARE REALLY
PUSHING THESE MARKETS TO NEW
HEIGHTS, YOU KNOW WE SAW THE
SECOND MOST EXPENSIVE HOME IN
THE HISTORY OF FLORIDA
IN FEBRUARY FOR JUST UNDER A
140 MILLION DOLLARS IN THE
OCEAN TO A NEW YORKER CLIENT
OF MINE WHO WHAT DOWN AND
BOUGHT IT WITH NEW YORK CITY'S
TAX MONEY SO SHAME ON NEW YORK
FOR LOSING.
>> WELL LISTEN, I WOULD SAY YOU
KNOW GOOD LUCK ON THAT ONE 60
PLUS YEAR
MILLION DOLLAR A PENTHOUSE BUT
I KNOW YOU DON'T ENJOY THE
COMMISSION CHECK WHEN YOU DO
GET IT, THANK YOU SO MUCH FOR
GIVING US THE INSIGH