Press

Construction Tour: The Wales at 1295 Madison Avenue

Construction scaffolding has come down at the renovation of the Wales, a 10-story landmarked Neo-Renaissance building on the Upper East Side. Originally built in 1899 by architect Louis Korn, the former hotel is now being converted into condo residences by developer Adellco with interiors by Cabinet Alberto Pinto. Along with restoring the cornices, quoins, and […]

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Construction Tour: The Wales at 1295 Madison Avenue
In Manhattan’s Sluggish Home Market, Cash Is Greasing the Wheels

More Manhattan homebuyers are paying cash than at any point in recent history, to take advantage of deals to be had in a sagging sales market. Nearly six in 10 purchases in the first quarter were completed without financing, from a $700,000 Hell’s Kitchen studio that a mother bought for her daughter, to a 2,900-square-foot […]

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In Manhattan’s Sluggish Home Market, Cash Is Greasing the Wheels
Buyers Skip Mortgages at New Uptown Luxury Condo in Sign of the Times

Elevated interest rates may be scuttling some apartment deals. But the experience of a new condo on the Upper East Side suggests that not every buyer is being sidelined. At the Wales, at 1295 Madison Ave., every apartment that has sold so far, or 10 of 20, has been a cash deal, in that buyers […]

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Buyers Skip Mortgages at New Uptown Luxury Condo in Sign of the Times
Cash Is King for High-End Condo Buyers

Today’s higher interest rates are designed to put a damper on inflation. They’ve also put a damper on the sale of co-op and condo apartments in New York and other cities. But for some deep-pocketed buyers, there’s a workaround: avoid a mortgage and its high interest payments by buying apartments with cash. A poster child for this growing trend, according to Crain’s, is the Wales, […]

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Cash Is King for High-End Condo Buyers
Beyond Iconic, The Full Floor Penthouse at the Former Historic Wales Hotel

The full-floor 4,179 SF Penthouse at the former historic Wales Hotel came to market is spectacular, with five bedrooms, five full baths, and two striking powder rooms. You step into NYC history with serious Parisian flair as you enter the gorgeous lobby of this just-launched hotel-to-condo conversion. The lobby features coffered ceilings, a custom walnut […]

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Beyond Iconic, The Full Floor Penthouse at the Former Historic Wales Hotel
2023 NYC Real Estate Forecast: Buyers Make a Move, Sellers Return, Renters Get Some Breathing Room

New York City’s real estate market slowed dramatically in 2022 after booming in the second half of 2021, but that didn’t mean buyers or renters caught much of a break last year. Prices and rents remained frozen near record highs despite a plunge in demand. Whether the U.S. slips into a recession is still a major question […]

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2023 NYC Real Estate Forecast: Buyers Make a Move, Sellers Return, Renters Get Some Breathing Room
Ultra-Luxury Clients Value Refinement, Says Pinto General Director

Those who live in palaces and travel by yachts don’t shy away from colorful collections, textures and layers in interior design. When we think of royal palaces and otherwise opulent interiors, maximalism comes to mind. Pietro Scaglione is a champion of the design ethos. As the artistic director of the Paris-based design company Pinto he […]

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Ultra-Luxury Clients Value Refinement, Says Pinto General Director
NYC’s Top 15 Condo Conversions and the Regal Homes Within

Several converging factors – New York City’s continued economic and cultural growth, record-setting condominium sales, a renewed appreciation of the city’s historic buildings, and maturation of the residential conversion market – blessed past the decade with the most spectacular condo conversions in the city’s history. Some of the city’s most rarefied hotels (the Waldorf-Astoria, The Plaza), office […]

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NYC’s Top 15 Condo Conversions and the Regal Homes Within
When it comes to lobby design, first impressions matter

It’s not just job interviews and first dates that call for making a good first impression. High-end residential buildings must exert the same favorable impact from the very first moment well-heeled prospective buyers stride into their grand lobbies. In many New York City buildings, architects and designers stop at nothing to generate gasp-worthy first looks […]

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When it comes to lobby design, first impressions matter
Explore the Wales, A beloved Neo-Renaissance building on the Upper East Side

Located one block from Central Park in the heart of Carnegie Hill at 1295 Madison Ave. and 92nd Street is The Wales, a historic Neo-Renaissance building that has defined the elegant landscape of the Upper East Side since 1899. Originally designed by architect Louis Korn, the building first opened its doors to the public in 1902 as the 92-room Hotel Chastaigneray. […]

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Explore the Wales, A beloved Neo-Renaissance building on the Upper East Side