Vivaldi Real Estate was one of the first companies to assist Italian investors in Manhattan. This is how it became a New York point of reference for major companies and many individual investors. It played a major role in defining and establishing a major world market. Over the years, Vivaldi built an ideal bridge between Italy and New York. It contributed to the success and capital growth of Italian companies invested in New York real estate. Vivaldi’s history is a story of innovation that began in the early 90s. Along with Gabetti, Guido Pompilj began a Manhattan real estate development for Italy—Three Lincoln Center—a luxury condominium with direct access to the opera. A short while later in 1992, Pompilj led groups of Italian investors in the purchase of entire foreclosed condominium portfolios. It was a new phenomenon brought to international attention by an article in The Wall Street Journal. In that same year, Pompilj initiated Vivaldi Real Estate which brought about the purchase of the largest distressed condominium on the Upper East Side in 1993—a total of 155 units.
Setai Fifth Avenue
I n 1997 Vivaldi was the first real estate agency in Manhattan to offer virtual views of apartments on the Internet.
Nel 2002, Vivaldi was the first real estate agency in Manhattan to offer virtual views of apartments on the Internet. In2005 Pompilj assisted the Sorgente SGR real estate fund in its preliminary phase study of the New York market, offering a first indication regarding the possibility of investing in the Chrysler Building—an attempt that was later finalized with great success.In2006 Vivaldi acted as buyer’s broker for a site which houses Setai Fifth Avenue—a mixed-use 60-story building that stands just a short distance from the Empire State Building. This $200 million purchase was New York’s most important land deal in 2006.In2010, the first building named “Italia” opened on Fifth Avenue on a site selected by Vivaldi.
Three Milestone Buildings of the Upper Esat side
53 units purchased at a bankruptcy auction and rented on the free market.
41 rent-stabilized apartments purchased at a pre-bankruptcy sale.In 18 months, 7 units were returned to the free market and the profits from these returned the entire initial investment.
61 units rented on the free market purchased directly from the bank that had re-possessed them from the contractor.