Notes our spy regarding 7 Essex, "Although there are only three apartments left in the building according to the development company, the building's main broker, Tamir Shemesh (right), has six apartments listed on Elliman's site besides the five listed under signed contract and two fully sold. I believe that Elliman bought 13 of the sixteen apartments from the developer." One flaw in this thesis is that an apartment was sold by broker Hunie Kwon of JCDeniro in January. According to the NYTimes, the apartment was on the market for eight weeks and was initally listed at $900,000. Again: hmmmm.
· Broker: Tamir Shemesh [Douglas Elliman]