Image via Google Maps shows 206 West 17th Street in 2016. Now, the handful of single and four-story buildings has been replaced by a short, glassy retail space.
Air rights can be bought by whoever values them the most. In most scenarios, that ends up being a developer, but that’s not always the case. The New York Times recently reported on a rather unusual deal made in 2016 when a group of Chelsea loft owners refused to let a proposed condominium tower obstruct their natural light and Empire State Building views. Instead, they came together and made a substantial offer to buy the air rights themselves: $11 million.
How much is a view worth?
Rendering courtesy of Empire State Development
New York’s first civil rights museum will soon land in Harlem, as the city pushes forward with a new $260 million development near the Adam Clayton Powell office building on 125th Street. Empire State Development is planning a 17-story mixed-use building that, in addition to the museum, will house the headquarters of civil rights nonprofit National Urban League (which was founded in the neighborhood in 1910 and currently has offices downtown), office space (including below-market-rate for Harlem-based nonprofits), retail, and 170 affordable apartments targeted to New Yorkers making 30-80 percent of the area median income.
Listing images by Matt Vacca; courtesy The Corcoran Group
If you don’t mind the trek, you can find some nice properties out in the Rockaways—like this home at 148-16 Newport Avenue, nestled in the affluent enclave of Neponsit. With a $3.85 million price tag, it’s by no means a bargain—despite its distance from pricier Manhattan and Brooklyn—but if you have the budget, you’ll get 4,800 square feet of living space and an impressive backyard complete with an in-ground pool, gazebo, and sweet Jamaica Bay views.
Get the full tour
Image via Flickr
After a toasty week, the city’s first heatwave of the year is about to get even hotter, with Friday’s expected heat index reaching 98 degrees and as high as 109 degrees over the weekend. The city is taking precautions to keep residents safe as the temperatures continue to heat up. Mayor Bill de Blasio declared an official heat emergency and directed office buildings and residents to set their AC to 78 degrees in order to prevent another power outage. The city’s annual Triathlon, originally scheduled to take place on Sunday, was just canceled for the first time in its history. While the best advice is still to stay indoors as much as possible, out of the sun, and well hydrated, there are some ways to beat the heat in the city, all for free.
Listing images by Russ Ross; courtesy of The Corcoran Group
This one bedroom on the third floor of a four-story co-op at 416 Clermont Avenue is “nestled in the treetops in prime Fort Greene,” per the listing. Judging from the green views out the windows, that description isn’t far off. The charming apartment was recently renovated to reflect more modern tastes but it held on to some of it’s best prewar details, like the wood-burning fireplace with a carved marble mantle in the living room. The unit is now available to rent for $3,000 a month.
Image via Flickr
The MTA is preparing an extensive upgrade to track switches on the 1, 2, and 3 lines at and north of 96 Street, which will cause significant weekend service changes for the rest of the summer. The work will be done in three phases over the next six weekends, with reduced service expected throughout the Upper West Side. During the final two weekends of repair work in August, there will be a full suspension of service at all 1, 2, 3 stations between Harlem and Downtown Brooklyn. “We scheduled the work for these summer weekends when our ridership has been historically low,” the MTA said.
Having a private, in-ground pool is a luxury of which most New Yorkers can only dream. If you have the budget to scoop up this $3.65 million townhouse at 35 Devoe Street, your summer days would receive a major upgrade. In addition to the large pool and backyard oasis, the Williamsburg pad is pretty impressive on the inside too. A recent renovation transformed the 3,822-square-foot home with a crisp, minimal aesthetic that’ll be easy to transition into, regardless of your style.
Listing images by Evan Joseph and Nina Poon; courtesy of The Corcoran Group
As Related CEO and Miami Dolphins owner Stephen Ross prepares to move into the penthouse at one of his most recent developments, 35 Hudson Yards, he’s first unloading one of his older properties at another one of the company’s Skidmore Owings & Merrill-designed building, the Time Warner Center. (The Real Deal’s roundup of his properties shows Ross’s penchant for “getting high off his own supply.”) First reported by the Wall Street Journal, Ross has listed the 80th-floor condo he shares with his wife, jewelry designer Kara Ross, for a staggering $75 million—one of the most expensive properties on the market in New York City.
Image via Wiki Commons
Following years of efforts to keep a report about segregation in the city’s affordable housing lottery system under wraps, a federal court ruling finally led to the report’s release on Monday. As the New York Times first reported, the findings, written by Queens College sociology professor Andrew A. Beveridge, found unequivocal racial disparities at every stage of the process and in every community district where a majority of residents are of one race or ethnicity.
Listing images by Amanda James, DDReps; courtesy of Compass
Since it last sold in 2016 for $2.35 million, the five-bedroom, three-bathroom townhouse at 12a Monroe Street (located right on the Clinton Hill, Bed-Stuy border) has undergone some key layout changes to maximize the home’s narrow 14-foot width and make it feel as spacious as possible. Now on the rental market seeking $8,500 a month, the 2,568 square-foot home boasts eight marble mantels, pocket shutters, wide plank floors, a gorgeous center staircase, and an expansive 52-foot backyard.
Take a look inside