All articles by Alexandra Alexa

Bethenny Frankel sells Hamptons home after taking a loss on her Soho condo

2623 Montauk Highway. Photo credit: Chris Foster, courtesy of Compass

February 25, 2020

Bethenny Frankel sells Hamptons home after taking a loss on her Soho condo

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It's been a busy 2020 so far for Real Housewives of New York alum Bethenny Frankel, who's finally unloaded two properties: her Soho condo and one of her Hamptons retreats. The Post reported last week that Frankel sold her seven-bedroom residence in Bridgehampton for $2.28 million after listing it for $2.99 million. It's a good thing she made a slight profit there because her Soho condo ended up selling for a significant loss. After almost three years on the market, Frankel sold her two-bedroom apartment at 22 Mercer Street for $3.65 million, the Observer reported last month. That's a $550,000 loss compared to the $4.2 million she paid for the pad in 2014—and more if you factor in what she spent on an extensive renovation.
Check out both residences
New engineering study reconsiders tearing the BQE down and building a tunnel

Via Wikimedia cc

February 24, 2020

New engineering study reconsiders tearing the BQE down and building a tunnel

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The City Council is reconsidering an alternative solution for the Brooklyn-Queens Expressway that would tear down the crumbling highway and replace it with a three-mile-long tunnel, the New York Times reports. The council tapped engineering firm Arup to provide insight on the rehabilitation/replacement project last September and their findings are being released in a new report on Monday. According to the Times, the report says a tunnel option similar to what cities like Boston, San Francisco, and Seattle have done could cost as much as $11 billion.
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City’s plan for homeless housing includes 14-building conversion and luxury development vacancies

Street view of 148 West 124th Street; map data © 2016 Google 

February 21, 2020

City’s plan for homeless housing includes 14-building conversion and luxury development vacancies

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The city took some strides this week in the search to find shelter for a growing homeless population. First, the de Blasio administration announced it would turn to vacancies in new luxury developments to find homes for potentially hundreds of homeless New Yorkers, as Bloomberg reported. On Thursday, the Neighborhood Restore Housing Development Fund—a nonprofit that partners with the city for affordable housing projects—scooped up 14 buildings in upper Manhattan and the Bronx for $74 million. According to The Real Deal, the purchase will provide immediate housing for 224 homeless households.
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A hydroponic farm, mini golf, and rock climbing: Inside Bushwick’s sprawling Denizen development

Images by Eric Laigel and Imagen Subliminal, Courtesy of ODA

February 20, 2020

A hydroponic farm, mini golf, and rock climbing: Inside Bushwick’s sprawling Denizen development

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Five years in the making, the sprawling Denizen Bushwick is now complete. The 1.2 million-square-foot complex designed by ODA New York and developed by All Year Management stands on part of the former Rheingold Brewery Site and covers two city blocks with addresses at 54 Noll Street and 123 Melrose Street. Perceived as a monolith from the street, the complex’s interior features a series of interconnected courtyards and a green promenade. Also of note are 15 large-scale murals painted throughout the building’s circulation corridors by local artists. With an extensive amenities package that seems to include everything under the sun, it’s no wonder the project has been described as a “city within the city.”
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The Lowline goes into ‘dormancy’ as funds dry up

Lowline Lab via 6sqft

February 19, 2020

The Lowline goes into ‘dormancy’ as funds dry up

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Ambitious plans to transform the abandoned Williamsburg Bridge Trolley Terminal on the Lower East Side into the world's first underground park are no longer viable due to waning funds, Crain's reports. The founders of the Lowline—Dan Barasch and James Ramsey—dreamed up the idea more than a decade ago and as of last year, the $83 million project was under construction with an expected opening date in 2021.
What happened?
See more of the historic residences inside 111 West 57th Street’s landmarked Steinway Building

Listing images courtesy of 111 West 57th Street

February 18, 2020

See more of the historic residences inside 111 West 57th Street’s landmarked Steinway Building

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Two more listings inside Midtown’s historic Steinway Hall have just hit the market: a two-bedroom with a private terrace for $8,750,000 and a four-bedroom duplex seeking $17,995,000. The landmarked building at 111 West 57th Street was designed by renowned firm Warren & Wetmore and finished in 1925. The longtime home of the Steinway & Sons piano company was acquired by developers JDS Development, Property Markets Group, and Spruce Capital Partners in 2013 for $217.5 million and has since become incorporated into SHoP Architects’ super-slender supertall tower rising next to it. The Beaux-Arts structure serves as the project’s grand entryway and will hold the amenity spaces and a small handful of residences designed by Studio Sofield. We previously got a look inside the striking duplex penthouse that hit the market for $21 million last November—a price it still holds.
Get a look around
Latest court ruling against 200 Amsterdam Avenue could result in the removal of 20 floors

Rendering courtesy of Binyan Studios

February 18, 2020

Latest court ruling against 200 Amsterdam Avenue could result in the removal of 20 floors

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The Upper West Side's tallest tower north of 61st Street may soon be getting a major trim, the New York Times reports. In a dramatic ruling last week, State Supreme Court Judge W. Franc Perry ordered the city to revoke 200 Amsterdam Avenue's building permit and decided the developers will have to remove floors from the top of the building to fall in line with zoning limits. It's not yet been decided how many floors will need to be removed from the nearly-complete 52-story tower, but it could be as many as 20. Co-developers SJP Properties and Mitsui Fudosan America are expected to "vigorously" appeal the decision, according to their lawyer.
What's the deal?
Live across the street from The Strand in this $695K loft duplex

Listing images by Evan Joseph; courtesy of Compass

February 14, 2020

Live across the street from The Strand in this $695K loft duplex

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Just around the corner from the bustle of Broadway at 49 East 12th Street, this one-bedroom duplex features dramatic 16-foot ceilings and a full-height lofted bedroom. Though it technically falls within Greenwich Village, it's just two blocks south of Union Square and practically across the street from beloved bookstore The Strand. Best of all, its $695,000 price tag falls nicely within the "under $1 million" category, though maintenance fees will add $1,175 to your monthly expenses.
The full tour, this way
See inside The Wing’s fifth NYC location in Williamsburg

Photos by Tory Williams; courtesy of The Wing

February 14, 2020

See inside The Wing’s fifth NYC location in Williamsburg

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Female-focused coworking space The Wing has opened another gorgeous outpost for its growing membership, this time in trendy Williamsburg. Located in a new building at 71 North 7th Street, the space spans two floors and 12,000 square feet (with just under half of that being outdoor space). It's The Wing's fifth location in New York City and second in Brooklyn.
Have a look around
New NYCHA deal will turn 5,900 units to private developers and raise $1.5B for repairs

Via Wikimedia

February 13, 2020

New NYCHA deal will turn 5,900 units to private developers and raise $1.5B for repairs

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The New York City Public Housing Authority has inked an agreement that will turn 5,902 units over to private developers and raise over $1.5 billion for much-needed repairs, Crain’s reports. In 2018, Mayor Bill de Blasio announced plans to convert 62,000 apartments by 2028 and has so far converted over 7,000 units. Thursday’s deal represents “the largest single package of conversions yet undertaken by the agency,” according to Crain’s. Included in the deal are five complexes: Linden Houses and Boulevard Houses in East New York, Williamsburg Houses in East Williamsburg and Audubon Houses and Harlem River Houses 1 and 2 in Harlem. The long list of selected developers includes major builders like L+M Development and Hudson Companies and some smaller players.
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$1.7M Long Island City condo comes with unobstructed views of the iconic Pepsi-Cola sign

Listing images by Rare Photography; courtesy of Compass

February 13, 2020

$1.7M Long Island City condo comes with unobstructed views of the iconic Pepsi-Cola sign

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From its location on the fourth floor, this waterfront condo at 46-30 Center Boulevard in Long Island City (the same building that recently held the neighborhood's priciest listing) directly overlooks the iconic Pepsi Cola sign. Seeking $1,698,000, the two-bedroom pad spans a generous 1,160 square feet. Common charges will add another $995 to the monthly payments, but due to a pilot tax abatement program, taxes for the property are only $13 a month.
Have a look around
Penn Station’s food hall, The Pennsy, and neighboring Kmart are closing

Photo via The Pennsy

February 12, 2020

Penn Station’s food hall, The Pennsy, and neighboring Kmart are closing

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The retail landscape around Penn Station is set for some changes. The Pennsy Food Hall right above the station will be closing its doors for good on March 31, Commercial Observer reports. The 8,000-square-foot food hall opened at Vornado Realty Trust's 2 Penn Plaza four years ago with a mix of vendors and late-night hours to draw in delayed commuters as well as pre-concert and post-game crowds. The closure is hitting vegan eatery Cinnamon Snail especially hard—the company has confirmed it will be shutting down all operations after The Pennsy shutters. The news came on the same day that the Kmart across the street announced it would close after 24 years at One Penn Plaza.
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Alternative plan for Harlem’s massive Lenox Terrace development gets rid of affordable units

Rendering courtesy of the Olnick Organization

February 12, 2020

Alternative plan for Harlem’s massive Lenox Terrace development gets rid of affordable units

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Amidst pushback from locals and activists, the Olnick Organization has released a Plan B proposal for its Lenox Terrace expansion, reports the Post. Last week, the City Planning Commission approved an application from the complex's owner to rezone part of the neighborhood and allow five 28-story towers with a mix of market-rate and affordable units to be built at the site. The alternate plan unveiled on Tuesday presents a scaled-down version that wouldn't require a zoning change but also wouldn't include any of the affordable units or public amenities in the original plan.
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$525K East Village studio features lots of storage and a hidden solution for overnight guests

Listing images courtesy of Halstead Real Estate

February 11, 2020

$525K East Village studio features lots of storage and a hidden solution for overnight guests

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Exposed brick walls and a decorative fireplace give this East Village alcove studio at 186 East 2nd Street charm to spare while clever space-saving solutions and plenty of storage make it adaptable to modern life. Asking $525,000, it's got a prime East Village location to boot, just two blocks away from the Second Avenue F train station and a short walk to Tompkins Square Park.
Get the full tour
Billionaires’ Row property taxes would dramatically increase under proposed system overhaul

Image courtesy of Vornado Realty Trust and Robert A.M. Stern Architects

February 11, 2020

Billionaires’ Row property taxes would dramatically increase under proposed system overhaul

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Last month, the city's Advisory Commission on Property Tax Reform revealed a report outlining sweeping changes to the property tax code that would essentially raise the same amount of money but substantially redistribute where it comes from. Under the current system, property owners pay taxes based on assessed value rather than market value, so working-class homeowners often pay a higher tax rate than those who can afford the city's multimillion-dollar luxury condos. Mansion Global took a closer look at the numbers and found that property taxes along Billionaires' Row could increase up to five times their current rate under the proposed system.
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Stylish $2.25M West Village loft comes with a fresh renovation and celebrity neighbors

Listing images by Matt Vacca for Doug Kampsen; courtesy of Compass

February 10, 2020

Stylish $2.25M West Village loft comes with a fresh renovation and celebrity neighbors

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Fresh off a stylish renovation, this move-in ready loft is a prime example of downtown living on the border of the West Village and Meatpacking District. Now listed for $2.25 million, the 1,200 square foot unit is located in The Gansevoort at 321 West 13th Street, a boutique condominium known for its Neo-Classical facade, unique layouts, and intimate scale. You’ll be able to count at least one celebrity as a neighbor—Ralph Fiennes has lived in the building since 2008.
Take a look around
19th-century West Village townhouse comes with an owner’s triplex and five rental units for $12M

Listing images by DDReps; courtesy of Compass

February 6, 2020

19th-century West Village townhouse comes with an owner’s triplex and five rental units for $12M

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Described as "a delightful and interesting street in which to live" by the Landmarks Preservation Commission, Perry Street is a sought after stretch of the West Village and home to several noteworthy structures. Sited within the Greenwich Village Historic District and now on the market for the first time in 50 years, the townhouse at 73 Perry Street is almost directly across the street from two of the most recognizable facades on the block: 64 and 66 Perry Street, famous for being Carrie Bradshaw's home on Sex and the City. It's seeking $11.995 million.
Take the full tour
After 55 years, the Verrazzano Bridge gets a second ‘Z’

Photos: Patrick Cashin/Metropolitan Transportation Authority

February 6, 2020

After 55 years, the Verrazzano Bridge gets a second ‘Z’

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On Tuesday crews from MTA Bridges and Tunnels began addressing a 55-year-old spelling mistake by replacing the first of 19 signs on agency property to feature the correct spelling of Verrazzano with two Z's instead of just one. The bridge was named after Giovanni de Verrazzano—the first European explorer to sail into New York Harbor—but a longstanding dispute over the name's proper spelling led to the bridge being inaugurated as the Verrazano-Narrows bridge in 1964. In 2018, Governor Cuomo signed legislation to add a second Z into the name.
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Elegant Brooklyn Heights one-bedroom is an easy starter home at $540K

Listing images courtesy of The Corcoran Group

February 5, 2020

Elegant Brooklyn Heights one-bedroom is an easy starter home at $540K

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Original pre-war details give this Brooklyn Heights co-op its undeniable charm, but the price tag is pretty appealing too. For $540,000—well below the neighborhood average—this one-bedroom starter home at 55 Hicks Street is well maintained with a recently renovated kitchen and bathroom. Being on the fourth floor, the walk-up situation is a bit of a drag but for someone, it'll be well worth the effort. The elegant home features some of our favorite details, like picture frame moldings in the living room and a restored tin ceiling in the kitchen.
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MTA looks to ride-share services to help late-shift workers in the outer boroughs

Photo by Patrick Tomasso on Unsplash

February 5, 2020

MTA looks to ride-share services to help late-shift workers in the outer boroughs

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Subway service in New York City runs 24 hours a day, but late-night commutes for outer-borough residents—who often have to make multiple connections—can get inconvenient quickly. To ease the burden on those commuters, the MTA is looking to make an unlikely partnership with ride-share companies like Uber and Lyft. The agency announced a Request for Proposals (RFP) on Tuesday from transportation companies that could shuttle riders to the subway during late-night hours. Whoever is selected will participate in the "Late-Shift" pilot program beginning later this year.
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A closer look inside Waterline Square’s starchitect-designed rentals, from $3,938/month

Living area inside an apartment at One Waterline Square; photo by Evan Joseph

February 4, 2020

A closer look inside Waterline Square’s starchitect-designed rentals, from $3,938/month

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When rental units at the Waterline Square development on the Upper West Side hit the market last fall it was clear that the price tags reflected the starchitect lineup involved with its design: The trio of glassy towers was designed by Richard Meier & Partners (One Waterline Square), Kohn Pedersen Fox (Two Waterline Square), and Rafael Viñoly (Three Waterline Square),  with Hill West Architects serving as executive architect for the master plan. Located on Riverside Boulevard between 59th and 61st Streets, the complex holds 868 rental units (in addition to 263 condos), which start at $3,938/month for a studio and go up to $15,000/month for a four-bedroom. If you’re curious about what those pricey rentals look like inside, here’s a look at three model homes in each of the towers.
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Luxury senior housing set to open in Brooklyn Heights’ former Leverich Towers Hotel

Photo courtesy of Watermark at Brooklyn Heights

February 4, 2020

Luxury senior housing set to open in Brooklyn Heights’ former Leverich Towers Hotel

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A luxury senior housing community is coming to Brooklyn Heights at 21 Clark Street. Built in 1928 as the Leverich Towers Hotel (famous for hosting the Brooklyn Dodgers when they were in town for home games), the 16-story building was bought by the Jehovah's Witnesses in 1975 and used as a residence hall for about 1,000 local volunteers. The current project is being co-developed by Watermark Retirement Communities and Kayne Anderson Real Estate, who bought the building from the Witnesses for $200 million in 2017 and poured an additional $130 million into renovations across the 310,000 square-foot property. The revamped residences are on schedule to open in March with units starting at $10,000 a month, according to Commercial Observer.
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The Hudson Valley’s Governor Mario M. Cuomo Bridge is getting an artsy makeover

Fitzhugh Karol’s “Approach” sculpture, installed at the beginning of the bridge path in Rockland County; rendering courtesy of The New York State Thruway Authority

February 3, 2020

The Hudson Valley’s Governor Mario M. Cuomo Bridge is getting an artsy makeover

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Eight local artists have been selected to install artworks along the Governor Mario M. Cuomo Bridge’s 3.6-mile bicycle/pedestrian path. The New York State Thruway Authority partnered with ArtsWestchester and the Arts Council of Rockland to commission the works, which include five sculptures, four bicycle racks, and one mural. They’ll be placed at both ends of the bridge, at the Rockland and Westchester Landings, and along the side path in South Nyack. All of the commissions are currently underway and will be installed in the Spring.
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BQE panel releases anticipated report, says the highway will be unsafe for drivers in five years

The Brooklyn Queens Expressway (BQE) from the south end of the Brooklyn Promenade. Photo by Joe Mabel via Wikimedia

January 31, 2020

BQE panel releases anticipated report, says the highway will be unsafe for drivers in five years

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The Brooklyn Queens Expressway (BQE) from the south end of the Brooklyn Promenade. Photo by Joe Mabel via Wikimedia The 16-person panel that convened last April to assess reconstruction options for the Brooklyn-Queens Expressway’s 1.5-mile triple cantilever stretch has released its report. Their recommendations call for repair work to begin immediately and outline “aggressive traffic reduction strategies” like eliminating one lane in each direction (six lanes would become four) and imposing weight limits on vehicles. The panel also rejected the controversial proposal to build a temporary highway at the Brooklyn Heights Promenade during the reconstruction and said the Promenade should remain open.
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Times Square Arts’ 2020 Valentine’s Day heart comes with a hidden surprise

Photos by Ian Douglas

January 31, 2020

Times Square Arts’ 2020 Valentine’s Day heart comes with a hidden surprise

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Times Square Arts debuted the 2020 Times Square Valentine Heart yesterday, a tradition that started in 2009. This year's installation, Heart Squared, was selected by the Cooper Hewitt Smithsonian Design Museum and designed by MODU and Eric Forman Studio. The sculpture is composed of a 10-foot-tall cubic steel lattice structure that approximates the form of an anatomical heart and 125 mirrors that are suspended within and tilted at various angles to create a kaleidoscopic collage of the urban environment. The arrangement of the mirrors might seem random at first but they're precisely calibrated to form an anamorphic projection—meaning that the mirror array creates a surprise image when viewed from a specific vantage point, which is marked on the ground with white paint.
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