All articles by Dana Schulz

50 Building Inspectors and Contractors to Be Charged in Bribery Scheme
February 10, 2015

50 Building Inspectors and Contractors to Be Charged in Bribery Scheme

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It's not going to be a good day for up to 50 city building inspectors and contractors, as well as two mob associates, who are expected to be charged today in "one of the biggest corruption crackdowns in years." After a year-long investigation into projects that have been fast-tracked and received certificates of occupancies in return for cash, the Department of Investigation (DOI) and the Manhattan district attorney plan to charge 12 crooked city inspectors and nearly 40 contractors, according to the Daily News. Early this morning, the charged parties surrendered to authorities
More details on the charges
Mapping Where in NYC Millennials Live
February 9, 2015

Mapping Where in NYC Millennials Live

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The initial results may not surprise you–young adults living in New York City tend to set up shop in North Brooklyn, the Far West Side, the Upper East Side, the East Village and western Queens. This data is courtesy of a new mapping project from the University of Waterloo School of Planning in Ontario called Generationed City. Using census and crowd-sourced data, the project compares demographic patterns of millennials (typically defined as those born between 1980 and 2000) to that of older generations like baby boomers. It looks at North American cities with populations over 1 million where it's commonly accepted that millennials live in central parts of cities. While the largest chunk of NYC-based data is pretty on par with what we already knew, there are some other trends, both within the city and compared with other cities, that are a bit more curious.
More findings ahead
There Were Nearly 600 Manhole Fires Last Week; The Psychology behind NYC’s Wildest Wardrobes
February 9, 2015

There Were Nearly 600 Manhole Fires Last Week; The Psychology behind NYC’s Wildest Wardrobes

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Last week, thanks to salt in melting snow, there were 570 manhole explosions, fires, and other incidents. [DNAinfo] Just in time for Valentine’s Day, take a culinary tour of 15 Harlem bakeries. [Untapped] The past and present of Park Slope’s Plaza Hotel. [Brownstoner] Check out this handmade rope screen at a new Chelsea restaurant. [Contemporist] […]

Foreign Shell Companies Hide the Names of the Seedy Buyers of NY’s Luxury Real Estate

The Time Warner Center

February 9, 2015

Foreign Shell Companies Hide the Names of the Seedy Buyers of NY’s Luxury Real Estate

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We've been talking a lot lately about foreign investors with their hands in the NYC real estate market, but a story in the Times took the investigating one step further by uncovering the secrecy of more than 200 shell companies at the Time Warner Center, documenting "a decade of ownership in this iconic Manhattan way station for global money transforming the city’s real estate market." Though most of these were simply wealthy Americans, at least 16 were rich foreigners who "have been the subject of government inquiries around the world, either personally or as heads of companies," ranging from environmental violations to financial fraud. In 2014, around 50 percent of all $5 million+ sales were to shell companies, but at the Time Warner Center it was 80 percent. With this growing trend, however, the government hasn't taken a closer look at the money being used to buy luxury real estate, allowing shell companies to make the movement of foreign funds largely untraceable.
Find out more about Mr. Low and this real estate trend
Weekly Highlights: Top Picks from the 6sqft Staff
February 7, 2015

Weekly Highlights: Top Picks from the 6sqft Staff

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Map Revealed for de Blasio’s City-Wide Ferry System Developers Rush to Break Ground and Add Affordable Housing Before Tax Incentives End What Would Happen if New York Let Everyone Ride the Subway for Free? Wake Up Over and Over Again in This $6M Yorkville Townhouse with Soaring Vaulted Ceiling Brooklyn’s Most Expensive Listing Ever: A […]

As Developers Favor Large Apartments, Studio Prices Are on the Rise

Studio 505N at 540 West 49th Street, available for $815,000 via Halstead

February 6, 2015

As Developers Favor Large Apartments, Studio Prices Are on the Rise

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As anyone who lives in a studio apartment can tell you, it's often the best–if not the only–way to live without a roommate in New York. But with developers finding it much more profitable to build large apartments, studio apartments may be heading to extinction. And those existing one-room units are seeing steep price increases as demand is outpacing supply. As the Daily News reports, "Listings for new studios compose just 4% of the units in Manhattan — down from 15% in 2013... As of January, just 30 such apartments were on the market, compared with 161 in January 2012." The median price for a new Manhattan studio rose over the past year to $930,000, a whopping 60 percent increase. Comparatively, the median price for a new one-bedroom unit rose 30 percent and for a two-bedroom home it dropped by 11 percent.
More on the real estate trend here
Chinese Real Estate Investors Expanding Their Search to the Long Island Suburbs

Old Westbury Gardens, a Gold Coast mansion also known as “the Gatsby House”, © Old Westbury Gardens

February 6, 2015

Chinese Real Estate Investors Expanding Their Search to the Long Island Suburbs

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In recent years, the Manhattan real estate scene has had a major upswing in the amount of wealthy buyers from China, who feel that New York City condos and other properties are a safe place for their money. In fact, high-profile real estate firms are even tapping Chinese brokers to cater to this growing clientele. But now the trend is moving east, with Chinese buyers eyeing the stately mansions that make up the Gold Coast suburbs of Long Island. According to the Times, "Some Chinese buyers are parking money in what they see as a low-risk investment. Others are seeking a trophy home. Still others are intent on living in these places full time while their children attend the area’s high-performing schools."
More details ahead
Photographer Jay Maisel Officially Sells 190 Bowery for $55M
February 6, 2015

Photographer Jay Maisel Officially Sells 190 Bowery for $55M

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It's being considered one of the greatest returns on investment in New York City real estate history, reports the Daily News. Photographer Jay Maisel bought the now-famous graffiti-covered home at 190 Bowery back in 1966 when it was abandoned for only $102,000, and he's now officially sold the Gilded Age bank building to developer Aby Rosen of RFR Realty for $55 million. Developers have been urging Maisel to sell ever since the Bowery changed from a seedy row of drugs and flop houses to a trendy destination for foodie-favorite restaurants and high-end boutiques. Rosen finally convinced the artist, who lived in the six-story, 72-room mansion with his wife and daughter, to sell on the basis that it had no heat and was in disrepair.
More on the epic sale
Andrés Jaque/Office for Political Innovation wins the 2015 Young Architects Program at MoMA
February 5, 2015

Andrés Jaque/Office for Political Innovation wins the 2015 Young Architects Program at MoMA

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MoMA PS1 has just announced the winning design for this year's Young Architects Program (YAP), which will be featured this summer in the Long Island City museum's outdoor courtyard, setting the stage for the Warm Up summer music series. The top spot goes to Andrés Jaque of the Office for Political Innovation for COSMO: Give me a pipe and I will move/celebrate the Earth, a moveable environmental artifact made out of customized irrigation components that will make visible and enjoyable the typically hidden urbanism of pipes. According to MoMA PS1, COSMO "is engineered to filter and purify 3,000 gallons of water, eliminating suspended particles and nitrates, balancing the PH, and increasing the level of dissolved oxygen. It takes four days for the 3,000 gallons of water to become purified, then the cycle continues with the same body of water, becoming more purified with every cycle."
More on the winning design
Listings Launch at Fort Greene Church Conversion 232 Adelphi Street
February 5, 2015

Listings Launch at Fort Greene Church Conversion 232 Adelphi Street

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When we first got a look inside the church conversion at 232 Adelphi Street we were blown away by the amount of original architecture retained from the structure's holy days, including stained glass windows, vaulted ceilings with exposed steel beams, arched doorways, reclaimed hardwood floors, and plenty of exposed brick. And now that listings have launched at the Fort Greene rental building, we have even more to ogle at. Formerly the Carlton Mews Church, the landmarked 1888 Gothic Revival Church was completely restored by RSVP Studio to feature 12 distinct apartments, including studios, one- and two-bedroom duplexes, and three-bedroom triplexes.
Take a look at the offerings here
Musical Data Project is the Soundtrack to Income Inequality Along the Subway
February 5, 2015

Musical Data Project is the Soundtrack to Income Inequality Along the Subway

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While we love a good infographic or interactive map, this "musical data-viz project" really sparked our interest as a new way of looking at geographic trends. Artist and programmer Brian Foo translated a 1.5-hour subway ride on the 2 train into a 4.5 minute song that rises and falls based on the income of the neighborhood the train is passing through. What results is an audibly beautiful rendition of the often not-so-pretty diversity in the city's income levels.
Listen to the full song here
92 Years of Architecture Through Time Magazine Covers; NY Accent on Its Way Out
February 5, 2015

92 Years of Architecture Through Time Magazine Covers; NY Accent on Its Way Out

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Brush up on architectural history through Time magazine covers from 1923 to now. [Curbed] Most New Yorkers leave their houses at 8am, according to this interactive map of when Americans leave for work. [FlowingData] If this isn’t romantic, we don’t know what is. Take a Valentine’s Day tour of the Newtown Creek sewage plant’s digester eggs. [Gothamist] Sean Lennon’s […]

Renderings Revealed for Sustainable Hudson Square Park by Mathews Nielsen Landscape Architects
February 5, 2015

Renderings Revealed for Sustainable Hudson Square Park by Mathews Nielsen Landscape Architects

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Back in June, the Hudson Square Connection (a neighborhood BID) announced their plans to turn Soho Square, the half-acre open space at the intersection of Spring Street and Sixth Avenue in Hudson Square, into a public park. Since then, the Business Improvement District, in partnership with the city and neighborhood stakeholders, has been seeking input from the community to inform the $6 million renovation. Just last night, the design by Mathews Nielsen Landscape Architects was presented to the Community Board 2 Parks Committee, and it features sustainable, green infrastructure, storm water management, and more.
Check out the renderings here
Map Revealed for de Blasio’s City-Wide Ferry System
February 4, 2015

Map Revealed for de Blasio’s City-Wide Ferry System

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While there were plenty of highlights in Mayor de Blasio's State of the City address yesterday–from affordable housing to raising the minimum wage–it was undoubtedly the announcement of a city-wide ferry system that really got New Yorkers talking. De Blasio said that the ferry service will open in 2017, with pricing on par with the Metrocard, as a way to accommodate the growing population of New York. It will serve neighborhoods including the Lower East Side, Astoria, the Rockaways, Sunset Park, Brooklyn Army Terminal, Bay Ridge, Red Hook, and Soundview, among others. A new map released today shows the entirety of the system, breaking down existing ferry lines, those planned for 2017 and 2018, and those proposed.
More details and the full interactive map ahead
February 4, 2015

POLL: Would You Pay More for Better Subway Service?

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The MTA’s fare hike will take effect in March, raising the price of a single subway ride from $2.50 to $2.75, and it’s made most New York train riders pretty unhappy. But what if service was better? If those flashing “delay” projections were few and far between; massive platform pileups were a thing of the […]

February 3, 2015

Then and Now: From Luchow’s German Restaurant to NYU Dorm

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For those of us who came to the city within the past decade, it's hard to imagine East 14th Street without its stretch of bulky NYU dorms, big-box supermarkets, and mini-chain restaurants. But of course this wasn't always what the area looked like. In the late 19th century, the area centered around Irving Place, was full of entertainment venues like the Academy of Music, the city's opera house, Steinway Hall, Tammany Hall, and the City Theatre movie house. And at the heart of it all was a restaurant that catered to both the theater crowd and the German population of the East Village–Luchow's. Luchow's was established in 1882 at 110 East 14th Street at Irving Place when German immigrant August Lüchow purchased the café/beer garden where he worked as a bartender and waiter. It remained in operation for a full century, becoming an unofficial neighborhood and city landmark, until it was replaced by NYU's University Hall dormitory.
Read the full history here
7,279 NYC Homes Are Valued at More Than $5 Million

The Upper East Side, where the most $5 million + homes are located, via CityRealty

February 3, 2015

7,279 NYC Homes Are Valued at More Than $5 Million

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If you think that statistic is jaw-dropping, consider this, too–those 7,279 homes valued at more than $5 million amount to a total fair market value of $65.2 billion, according to data from the city’s Independent Budget Office. The Wall Street Journal requested the data to take a closer look at the proposal to impose higher property taxes on pied-à-terre owners, and the findings show that "the city’s most expensive homes would generate less money from a higher tax surcharge than what its advocates have suggested."
More details here
Queens to Get Its First Apple Store; Details Revealed for St. Patrick’s Old Cathedral School Condo Conversion
February 3, 2015

Queens to Get Its First Apple Store; Details Revealed for St. Patrick’s Old Cathedral School Condo Conversion

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The first Apple store in Queens will open later this year in the Queens Center Mall. [9to5Mac] The conversion of the St. Patrick’s Old Cathedral School in Nolita will include seven luxury condos with a total sellout of $70.7 million, a church-related community facility, and two townhouses. [TRD] Williamsberry is a new condo, not a fruit snack, set to rise […]

Mapping How the NYC Subway Could Operate in a 40-Inch Snowstorm
February 3, 2015

Mapping How the NYC Subway Could Operate in a 40-Inch Snowstorm

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Though winter storm Juno isn't going down in history as the biggest snowstorm to ever hit NYC, it was the first time the city completely shut down the subway system due to a snowstorm. Governor Cuomo and the MTA said the shutdown was necessary because a portion of almost every train line runs outdoors. Not happy with that reasoning? Then you'll really enjoy this map from WNYC called the Snowpiercer; it proposes how the subway system could operate during a 40-inch snowstorm.
See the full map here
Hillary Clinton’s Campaign Headquarters May Be in Brooklyn; Behind the Scenes of the Loew’s Kings Theatre Restoration
February 3, 2015

Hillary Clinton’s Campaign Headquarters May Be in Brooklyn; Behind the Scenes of the Loew’s Kings Theatre Restoration

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When and if Hillary Clinton announces her presidential bid, her campaign headquarters may be in Brooklyn, which seems to be the new hot spot for the democratic party. [Brooklyn Magazine] For the best U.S. architecture per square mile, head to… Dallas? [CityLab] Tour Neil Patrick Harris and David Burtka’s Harlem townhouse. [Architectural Digest] A new project […]

Developers Rush to Break Ground and Add Affordable Housing Before Tax Incentives End

Image via Pexels 

February 2, 2015

Developers Rush to Break Ground and Add Affordable Housing Before Tax Incentives End

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It would be nice to think that developers added affordable housing to their projects out of the goodness of their hearts, but it probably has more to do with the construction bonuses and tax incentives afforded for up to 25 years to developers when they reserve at least 20 percent of a building's units for poor and moderate-income tenants. But this real estate tax break, known as the 421a abatement, is set to expire on June 15, lighting a fire under developers to break ground on new projects. The concern, though, is that some development sites receive 421a benefits as of right (meaning solely for putting up a new building), while others are required to include affordable housing. The difference is based on geographic location. For example, Manhattan between 14th and 96th Streets and the waterfronts of Brooklyn and Queens must include affordable housing. According to Crain's, some housing advocates "want projects to get abatements only if they create affordable units—which are priced for renters who earn 60 percent or less of the area's median income."
What does this mean for the future of affordable housing?
Brooklyn Paramount Theatre Will Reopen as a Gilded Public Performance Venue

© NYCAGO

February 2, 2015

Brooklyn Paramount Theatre Will Reopen as a Gilded Public Performance Venue

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Back in the summer we uncovered the history of the Brooklyn Paramount Theatre, which has been home to Long Island University's gymnasium since 1963. But now, the day before the Loew's Kings Theatre, a fellow historic movie house in Brooklyn, is set to reopen to the public, we've learned that the Paramount will follow suite. Brooklyn Daily reports that the Flushing Avenue theatre in Downtown Brooklyn will once again show live performances to the public, thanks to a deal between LIU and an affiliate of the Barclays Center, which will bring 1,500 seats back to the venue (down from the original 4,000) and showcase musical and comedy performances and boxing matches, all with an emphasis on emerging artists. The remainder of the space will still serve as a practice gym for LIU athletics.
More details ahead
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