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The Sky's the Limit: Passion and Property in Manhattan-Steven Gaines

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With his signature elan, Gaines weaves a gossipy tapestry of brokers, buyers, co-op boards, and eccentric landlords and tells of the apartment hunting and renovating adventures of many celebrities -- from Tommy Hilfiger to Donna Karan, from Jerry Seinfeld to Steven Spielberg, from Barbra Streisand to Madonna. Gaines uncovers the secretive, unwritten rules of co-op boards: why diplomats and pretty divorcees are frowned upon, what not to wear to a board interview, and which of the biggest celebrities and CEOs have been turned away from the elite buildings of Fifth and Park Avenues. He introduces the carriage-trade brokers who never have to advertise for clients and gives us finely etched portraits of a few of the discreet, elderly society ladies who decide who gets into the so-called Good Buildings. Here, too, is a fascinating chronicle of the changes in Manhattan's residential skyline, from the slums of the nineteenth century to the advent of the luxury building. Gaines describes how living in boxes stacked on boxes came to be seen as the ultimate in status, and how the co-operative apartment, originally conceived as a form of housing for the poor, came to be used as a legal means of black-balling undesirable neighbors. A social history told through brick and mortar, The Sky's the Limit is the ultimate look inside one of the most exclusive and expensive enclaves in the world, and at the lengths to which people will go to get in.

Book The Sky's the Limit: Passion and Property in Manhattan Review :



I found Steven Gaines' book The Sky's the Limit: Passion and Property in Manhattan quite interesting overall. I read it from the perspective of someone wanting to learn some context behind the convoluted world of Manhattan real estate. In this regard some parts of the book are not that useful: principally those that in a gossipy sense focus on celebrities buying seven and eight figure properties and all the machinations to get past apartment co-op boards. On the other hand there is some genuinely useful factual information. It provides the history of a number of the structures in Manhattan, in particular the cooperative structure, which ironically started out as a socialist inspired movement for tenants who own their building but in modern times this turned into the ultimate exclusive club for the very rich. (There are some great quotes in the book about such excesses such as Bill Clinton's remarking on the fantasy Upper East Side co-op, that it makes the White House almost look like public housing.) The book also gives a lot of background on some of the prominent buildings in Manhattan such as the Time Warner Center, the Ansonia Hotel and the Dakota. Finally it gives some perspective on the different neighborhoods, contrasting the large parcels available on Central Park West with the smaller and older developed real estate on the Upper East Side. Overall, a good read with a bit of useful facts to impart.
The Sky's the Limit gives a window (pun intended) on the life of Manhattan real estate. Gives an idea of who the major players are, who they have been in the past, how they operate, and where they are today, with one no longer alive. Also gives some decent historical facts of the construction and history of the buildings, the language New Yorker's use which is different from other parts of the country. A duplex in NYC is not the same as a duplex in California and ties in celebrity without celebrity being the focus, just a natural part of the landscape. It also makes clear that celebrity in NYC isn't exactly a desirable quality in a neighbor, also very different from California.I would recommend the Sky's the Limit to anyone interested in Manhattan real estate, who wants to know more about the important buildings, who lives in them, what their cultures and histories are. It delivers superbly in this area, what it sets out to do. I really felt like I was there and I also feel like I know a little about the landscape. Good book.

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