The Hot New Rich Person Accessory Is Two NYC Apartments For Different Days Of The Week: WSJ

Weekend Apartments: Not just for second families anymore.
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New wealth litmus test: are your Weekday Apartment and Weekend Apartment one and the same? Oh. Sorry. What's that like?

On Friday evenings, Eric Straus and his wife Varinda Missett pack their things, grab their dog and leave their Midtown Manhattan apartment for their weekend home—50 blocks downtown. Last summer, Mr. Straus and Ms. Missett paid $1.988 million for a two-bedroom apartment in the Manhattan neighborhood of Tribeca, which they use as their weekend getaway. “What I love is that unlike the Hamptons, it’s a quick subway ride down there, and it totally feels like you’re on vacation,” Mr. Straus, 56, said...Some home buyers are buying vacation homes in the same city or metropolitan area as their primary residence. They say the key to relaxation is a change of scenery, even if it’s just a few miles from where they normally live. “Different neighborhoods have different experiences,” said New York City real-estate agent Shaun Osher of Core, who said he has several clients with more than one home in the city. “If you walk on the street in the West Village, it’s like a different world to the Upper East Side.”

The Ultimate Staycation? A Second Home in the Same City [WSJ]

Related: NYT: Poor People Have Second Homes, Rich People Have “The Four-Pack”

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If You're Selling An Apartment In Manhattan, Just Call 203-890-2000 And Ask For Steve

Perhaps you thought that hedge fund manager Steve Cohen's recent need to indulge in a little retail therapy had been satisfied by the purchases of a $60 million Hamptons home and a $155 million painting. That dropping 200+ mill had made him feel better about certain things going on right now that are out of his control. That the bank was closed. Well you thought wrong! The East End house and the Picasso were apparently but a warm-up, which the Big Guy followed up by buying a building on Perry Street and, possibly, an apartment 6 blocks away.