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affordable housing, housing lotteries, Midtown East

Photos: Left by Noble Construction Group; Right by Lester Ali

Twenty percent of the 429 apartments at 222 East 44th Street is reserved as affordable housing. Two-and-a-half years ago, a lottery opened for 109 units for those earning 40, 60, and 130 percent of the area median income, and it looks like some of those on the higher end of the spectrum are newly available, as another lottery is open for 16 middle-income units. The glass tower in Midtown East was designed by Handel Architects and is a quick walk to Grand Central, the UN, and Midtown. Plus, it’s got a ton of great amenities.

Find out if you qualify

Midtown East, New Developments

In Midtown, 1,401-foot One Vanderbilt is officially open

By Dana Schulz, Mon, September 14, 2020

Photo courtesy of SL Green

It’s been nearly four years since One Vanderbilt broke ground next to Grand Central, and after topping out one year ago at 1,401 feet, NYC’s fourth-tallest tower is officially open to office tenants. Developer SL Green, Manhattan’s largest office landlord, held an opening ceremony this morning in which they also unveiled a $220 million package of public open space and transit infrastructure improvements.

Find out more here

City Living, Midtown East

Photo courtesy of Grand Central Terminal

A contest launched on Tuesday that is tailor-made for lovers of tennis and quirky New York City history. Grand Central Terminal’s “Game, Set, & Match” contest will provide one winner and a partner an hour to play tennis at the iconic transit hub’s Vanderbilt Tennis Club, located in a hard-to-find location on the terminal’s fourth floor. In addition to the free match, the winner will receive $300 in gift cards for Grand Central Terminal vendors.

Get the details

Cool Listings, Midtown East

This $8M penthouse near the UN has some killer views

By Dana Schulz, Fri, August 14, 2020

Photo credit: Sean Hemmerle

Not only does this penthouse at One United Nations Park have the title “United Nations” in its address, but the sprawling duplex residence has incredible views of the landmark, along with those of Queens, Brooklyn, Midtown Manhattan, the East River, and more. Located at 695 First Avenue, between East 39th and East 40th Streets, the four-bedroom home is nearly 3,000 square feet, with a wrap-around terrace amounting to another 460 square feet.

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Cool Listings, Midtown East

Listing images courtesy of The Corcoran Group

This Midtown East studio may be compact, but it certainly has a lot of storage space and room for guests (if you don’t mind getting a little cozy). Located at 235 East 49th Street, just a stone’s throw from the UN, the co-op was designed by award-winning architect Robert Garneau, who specializes in small-space layouts. Not only are there a whopping eight closets, but a Murphy bed plus sleeping loft means that three people can spend the night. Other perks include a gas fireplace and pocket doors for added privacy.

A lot more to see in this little place

Midtown East, Recent Sales

Photo credit: Rise Media, Courtesy of Compass

More than six years ago, this opulent, eight-story mansion at 29 Beekman Place listed for $49.9 million. Just one year later, it dropped to $37.5 million, with another major price chop this April to $11.45 million. First spotted by Crain’s, city property records show that the controversial home near the UN has finally closed for $11.5 million. Crain’s explains that it was owned by the former princess of Iran, and was the center of a legal battle involving her sister since 2016. It also went into contract three times and fell through.

See the whole place

condos, Midtown East, New Developments

All renderings by Noë & Associates / The Boundary

After launching condo sales in March, the Waldorf Astoria is making the most of the current times by releasing new renderings and 3-D tours that let you walk through the sales gallery and model residence virtually. In addition to getting a look inside the luxury condos, there are new views of the outdoor terrace that extend off the uber-glamorous residents-only pool.

See more here

Cool Listings, Midtown East

Photo credit: Rise Media, Courtesy of Compass

It’s been more than six years since this stately home at 29 Beekman Place first listed for $37.5 million, and it’s now back on the market for less than a third of that price. Built in 1934 as the largest of all the mansions along the exclusive enclave, the home is eight stories and has 10 bedrooms, 11 bathrooms, two terraces, and amazing East River views. It’s only had three owners in its lifetime, starting with its first resident, CBS founder William S. Paley.

Take the tour

Midtown East, Policy, Transportation

Street view of 341-347 Madison Avenue; Map data © 2020 Google

The Metropolitan Transportation Authority and New York City reached an agreement to redevelop the agency’s former headquarters in Midtown as part of a revenue-generating plan, officials announced on Thursday. The redevelopment of the site at 341-347 Madison Avenue is expected to create more than $1 billion for the cash-strapped agency’s capital program. The deal, delayed due to a prior dispute between city and state officials, comes nearly a decade after the MTA first announced plans to sell or lease its three-building complex.

Get the details

condos, Hotels, Midtown East, New Developments

Rendering by Noë & Associates/The Boundary

Residential condo sales have launched at the newly-imagined Waldorf Astoria, which has been closed for renovations since 2017. The launch, complete with a new website offering a sneak peek inside the iconic building, comes at a time when ultra-luxe apartments have become a tougher sell in a market loaded with competition and unsold units, as The Real Deal reports. The residential portion of the building sits above the renovated hotel, with 375 condos and 50,000 square feet of amenities including private bars, a 25-meter pool and a fitness center.

Get a closer look

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