Bed-Stuy

Get a job as one of their building managers. As DNA Info reports, if you're just a regular Joe or Jane looking to take up residence in one of the city's priciest towers, you don't need to be a billionaire—or even a millionaire for that matter. The resident managers at four headline-stealing, ultra-luxury towers will live rent-free, in very large apartments, while also earning respectable six-figure salaries for their services.
Find out more here

July 16, 2015

SCDA’s Switchback Skyscraper Launches Teaser Site and Clears Its Midtown East Lot

By Ondel Hylton

Last November, 6sqft brought you news that a 29-unit boutique condominium would rise at the edge of Billionaires' Row, in that somewhat ambiguous zone occupied by Bloomingdale's and Bloomberg LLP. Now, the high-end development's teaser site has launched, which showcases a handful of images of the tower's common spaces, and we took a trip to the site to get a first look at the construction progress. Just last month, the two 4- and 6-story office buildings occupying the site at 116-118 East 59th Street were cleared, and recent Department of Buildings filings reveal that the envisioned $330 million tower will stand exactly 500 feet tall, making it spot-on-the-mark of what we (and other bean-counters) officially deem a skyscraper.
More details and renderings ahead

July 15, 2015

One57 Received $66M in Tax Breaks in Exchange for Just 66 Units of Affordable Housing

If you need more proof that there are some serious flaws with the 421-a program, once again, look no further than One57. As reported by the Journal, the super-luxe tower was the beneficiary of a whopping $65.6 million tax cut, an abatement granted in exchange for a paltry $5.9 million contribution to help cover the cost of 66 affordable apartments in the Bronx. That means your tax dollars subsidized apartments at nearly $1 million per unit—the highest known subsidy under the program—when affordable units on average cost a mere $179,000 apiece. It's estimated that the generous cut could have provided for 367 affordable apartments. The findings came from the latest review by the city’s Independent Budget Office (IBO).
FInd out more here

Affordable Housing

Construction Update: Robert A.M. Stern’s 220 Central Park South Begins Race into the Sky

Image courtesy of Desimone Engineering

July 8, 2015

Construction Update: Robert A.M. Stern’s 220 Central Park South Begins Race into the Sky

By Ondel Hylton

Billionaire's Row's race into the sky continues. Two of its biggest projected selling towers are beginning to rise out of their gargantuan foundations and are rushing to claim their piece of coveted Central Park-fronting airspace. Construction of Vornado's 220 Central Park South development has an early lead against Extell Development's significantly larger Central Park Tower (formerly Nordstrom Tower) across West 58th Street. The first level of concrete and re-bar are now poking up above street level and the elevator/stairway cores are now clearly visible to pedestrian passersby.
See new images of the tower here

June 16, 2015

Extell’s Nordstrom Tower Will Be the Country’s Tallest by Roof Height

The Nordstrom Tower may not become the overall tallest building to ever rise NYC, besting One World Trade Center as previously reported and then rebuffed, but new filings unearthed by NY Yimby show that the supertall will still carry a very worthy, head-craning title. Documents show that the 95-story building will become not only the tallest building by roof height in NYC, but also in the country at 1,522.83 feet.
get the scoop here

June 12, 2015

Finally, an Historic Brooklyn Brownstone for Under a Million Dollars

What if we told you you could have an entire 2,664-square-foot brownstone in Brooklyn for under one million dollars? This four-level home at 374 Decatur Street in Bed-Stuy has everything you need to make your dreams come true. Naturally, you're going to have to put in a little sweat equity (or you can always pay someone), but the final result will be exactly what you want it to be and well worth the $855,000 investment. Sound interesting? We thought so.
More pics inside

Distinctive Homes

June 11, 2015

Historic Interior Pairs with Contemporary Touches at This $2.75M Bed-Stuy Brownstone

Are all the prettiest listings in Bed-Stuy? It sure seems like it these days! This brownstone at 25 Monroe Street is on the market asking $2.75 million. It has a beautifully restored historic interior that's been paired with a more modern renovation to add a contemporary touch. The result is an impressive balance of both old and new.
See more of the inside

Distinctive Homes

June 10, 2015

Wood Details Abound in This $1.3M Bed-Stuy Townhouse

Bed-Stuy is a Brooklyn neighborhood that's known for its stock of historic townhouses with incredible interior details. Here's one at 724 Macon Street, on the market for $1.299 million. The listing brags that the details are in "museum quality condition," and looking through the photos we'd have to agree. If you're someone who likes old homes, you will want to check out the extensive woodwork throughout the interior.
Right this way

Distinctive Homes

June 4, 2015

All the Details Are Intact at This $1.5M Historic Bed-Stuy Brownstone

If you're in the market for a classic Brooklyn brownstone with all its details intact, check out this home for sale at 454 Jefferson Avenue in Bed-Stuy. The Second Empire-style house, which is four stories and holds two units, is boasting well-kept interior details alongside some more modern renovations. Simply put, it's a solid brownstone property without any special frills–just the exposed brick, wood floors and large windows. It's asking $1.55 million.
See the interior

June 3, 2015

Bed-Stuy Townhouse with Flair and Flexibility Asks $2 Million

This four-family brownstone at 278 Clifton Place in Bed-Stuy, Brooklyn, just hit the market for $1.995 million. It's a well-preserved historic brownstone that offers plenty of potential for conversion. It's currently set up as an owners duplex with two rental units above, but as the listing says, "You have the flexibility to make it a grand single family home, smart double duplex, triplex over garden rental or four floor-through income generating units." The house already has an extension that includes a terrace for the third-floor rental unit. The extra space and the flexible configuration gives the new buyer plenty of opportunity to use their imagination.
Check out the interior

Distinctive Homes

June 2, 2015

Interior Renderings Revealed for Central Park South’s Brand New 1,210-Foot Supertall

Last week, the first exterior images of Central Park South's new supertall 1 Park Lane surfaced. Now NY YIMBY has obtained additional renderings of the 1,210-foot condo tower being designed by Handel Architects, showing off what the interiors could look like, and, most notably, the kinds of views afforded by the multi-million-dollar perches above.
See more here

June 2, 2015

This Historic $2.1 Million Bed-Stuy Townhouse Comes with a Koi Pond

For $2.1 million you can nab a turn-of-the-century Italianate brick townhouse on a tree-lined block in Bed-Stuy. The two-family home measures 20 feet wide and 45 feet deep, and offers period details like inlaid parquet floors, pocket doors, pier glass mirrors, and marble mantelpieces. And who doesn't want a koi pond?
More pics inside

Distinctive Homes

REVEALED: 1 Park Lane Will Be the Next Supertall Central Park South Tower

Rendering via Witkoff

May 27, 2015

REVEALED: 1 Park Lane Will Be the Next Supertall Central Park South Tower

Just a week after Manhattan's Community Board 5 called for a moratorium on shadow-casting Central Park skyscrapers taller than 600 feet, renderings have been revealed for the next supertall tower coming to the periphery of the park. New York Yimby first spotted the images for 1 Park Lane, the 1,210-foot-tall glassy condo that will replace the Helmsley Park Lane Hotel at 36 Central Park South and become the fourth-tallest residential building in the city.
More details ahead

May 22, 2015

Fully-Furnished Rentals Launch at One57

In the past when we've talked about the latest occupancies at billionaires' row blockbuster One57 we were referring to the record-breaking $100 million condo sale (the most expensive in the city ever) or Bill Ackman's $91.5 million flip attempt. But now those looking to get in on the city's most expensive condo building can do so without dropping seven figures in one fell swoop. Extell Development, after selling most of the condos at One57, has quietly listed 38 fully-furnished apartments for rent on the building's seven lower residential floors. But don't get too excited if you're not in the billionaires' club; asking prices range from $13,350/month for a one-bedroom unit to $50,366 for a three-bedroom.
More details ahead

Real Estate Trends

The Nordstrom Tower Will Not Be Taller than 1 World Trade Center, Says Developer Gary Barnett

Rendering of the tower NY Yimby

May 12, 2015

The Nordstrom Tower Will Not Be Taller than 1 World Trade Center, Says Developer Gary Barnett

Yesterday, new details on Extell's Nordstrom Tower were leaked, stating that the tower's height had been stretched 20 feet to trump the One World Trade Center. But it looks like the news was all fodder as Extell Development boss Gary Barnett has stepped out denying that his supertall slated for 217 West 57th Street will reach such heights. The NY Post spoke with Barnett late yesterday and the developer told the paper that the tower “will categorically not be taller than One World Trade Center.” Barnett clarified that the building will reach 1,775 feet (with its spire) as planned, which is just one foot shorter than the One World Trade Center.
More on what Barnett had to say

May 12, 2015

19th Century Bed-Stuy Townhouse on ‘Doctors Row’ Is Swimming in Wood Details

When you're lucky enough to come across a gorgeous older home that has been lovingly restored like this eight-bedroom home at 126 Hancock Street, you grab your broker and run like the wind to claim it. And you just might do so after you've had a look at this brownstone. This stunning home was originally built in 1883 by architect Isaac D. Reynolds and has been carefully restored to its original glory by a team of interior designers from Pure Interior Design of New York. After this group was finished shining this baby up like a brand-new penny, we were left with a stunning home with all the modern updates, asking $3.195 million.
More pics inside

May 11, 2015

Rock Out Like Mozart in This Hip but Historic Bed-Stuy Crib

Original details like decorative fireplaces, wood moldings and pocket doors await you at this $1.85 million Bed-Stuy residence at 349 Hancock Street. This 3,104-square-foot home was built in 1900 and sits on an 18 x 100-foot lot. It is currently divided into an owner's triplex over a garden apartment—and there's even a cool room for your drum set.
More pics inside

Distinctive Homes

Extell Looks to Religion to Build Its Next 57th Street Supertall Tower

The possible skyline in 2018, via CityRealty

May 4, 2015

Extell Looks to Religion to Build Its Next 57th Street Supertall Tower

In the past, it was street names like Park Avenue and Central Park West that signaled a building's wealth and prestige, but these days it's gotten confined to a much shorter thoroughfare, 57th Street. Appropriately dubbed Billionaires' Row, the stretch has gotten much heat lately for its influx of supertall towers casting shadows on Central Park just to the north. Three of the towers in this sky-high lineup belong to Extell Development: the under-construction Nordstrom Tower at 217 West 57th Street, which will be the tallest residential building in the world when completed; 111 West 57th Street; and everyone's favorite One57. But now, as Crain's reveals, Extell is looking to expand its 57th Street portfolio with the site of the current Calvary Baptist Church and the Salisbury Hotel at 123 West 57th Street, on the same block as 111 West 57th and One57. As the paper reports, the church "will soon decide whether it will sell its sanctuary and 197-room hotel" to the developer.
More on the possible project here

Central Park Sunshine Task Force Meets to Speak Out Against Supertall Shadows

Rendering showing the location, size and massing of projects currently being developed along Central Park South, via MAS “Accidental Skyline” report

April 29, 2015

Central Park Sunshine Task Force Meets to Speak Out Against Supertall Shadows

There are a dozen supertalls (1,000 feet or higher) in the construction or planning stages in Manhattan, many of which are sprouting up along the billionaires' row hotbed south of Central Park. The trend has incensed many New Yorkers because of the shadows these giant towers will cast on the park. Last month, Councilman Mark Levine introduced legislation to create a task force that will examine, as he put it, “the looming threat of shadows falling on our parks from the rising number of skyscrapers.” A similar group of concerned parties, the Central Park Sunshine Task Force of Community Board 5, met last night to discuss the issue. As Curbed reports, in the standing-room-only town hall meeting at the New York Public Library the group covered issues including zoning laws, transparency in the building process, construction safety, matters of light and air, overdevelopment, and even the "'phallic' nature of the buildings themselves."
More on the meeting here

April 28, 2015

Five Luxury Towers Will Account for One-Third of New Development Sales over the Next Five Years

It's projected that over the next five years, new development sales in Manhattan condos will total $27.6-$33.6+ billion, but this sky-high figure is heavily skewed by prices in just five buildings. These luxury towers will account for one-third of the total projection. Three of the buildings -- 432 Park, 220 Central Park South, and 550 Madison Avenue (the former Sony Building) -- are located on billionaires' row and are expected to bring in a whopping $8 billion. The Greenwich Lane and 10 Madison Square West will also likely bring in close to $1.5 billion each. Along with this boost from the upper end of the market comes a trend where fewer units are selling, but prices are shooting up.
More info and CityRealty's full infographic here

Real Estate Trends

April 22, 2015

Stuyvesant Heights Townhouse Offers Three Kinds of ‘Green’ for $1.45M

By Stephanie Hoina

This multi-family townhouse at 633 Macdonough Street in Stuyvesant Heights is an exquisite combination of high-end renovations and beautifully restored details—and green in more ways than one. Fully renovated in 2011 and impeccably maintained, this three-story home features a new EPDM roof with an environmentally-friendly solar array (green #1), an income-producing rental on the top floor (green #2), and your very own garden (green #3).
See more of this very green home

Distinctive Homes

New Renderings Revealed for 217 West 57th Street, the Will-Be Tallest Residential Building in the World

Rendering via NY Yimby

April 20, 2015

New Renderings Revealed for 217 West 57th Street, the Will-Be Tallest Residential Building in the World

It's been relatively quiet on the Nordstrom Tower front since we saw some skyline renderings in September. But now YIMBY has uncovered the official renderings for Extell's 217 West 57th Street, the 92-story, 1,775-foot supertall that will take the title of tallest residential building in the world when completed, surpassing Mumbai’s World One Tower by 29 feet. The images continue to show how the tower will dominate the skyline, but they also give us a detailed look at the façade and a peek into one of the penthouses.
See all the renderings here

April 12, 2015

Construction Update: SOM’s 252 East 57th Street Getting Its Glass Skin

By Ondel Hylton

With foundation work complete, the World Wide Group / Rose Associates' tower at 252 East 57th Street is rapidly making its climb into the Midtown East skyline. The 57-story development composed of 93 condos and 173 rentals is designed by Skidmore, Owings & Merrill LLP (SOM), with SLCE serving as the architects of record. Despite the tower's location along the eastern fringe of cloud-busting billionaire's row, the 715-foot building won't be competing for any height records–for instance, 111 West 57th Street is double its height at 1,428 feet. Instead, the tower is shaping up to be more of a typical Midtown East affair, falling in line with its Second Avenue context by providing a broad 80-foot-high base along the avenue and a sheer 50-story rectangular slab rising above. Recent residential towers along Second Avenue such as The Milan, The Veneto, and The Three Ten share 252's massing, which planners prescribed to conform new skyscrapers to the rows of existing walk-up buildings.
More details on the project here

April 10, 2015

Renovated Bespoke Bed Stuy Townhouse Sells for $2M

By Annie Doge

"Every surface, space and system has been carefully considered, restored and renovated with an artist's eye and artisan's craftsmanship," says the listing for this restored brick townhouse in Bed Stuy. Located at 109 Clifton Place, the wonderfully bespoke home has sold for $2,050,000, according to city records released today. The artistic quality of the home makes sense, as the previous owners were Darren Foote, an artist specializing in mixed media and woodworking, and Kristen Dodge, founder of the Lower East Side's DODGE Gallery. The couple cleverly redesigned their home, mixing classic historic details, artsy personal touches, and rustic features that would fit right in at Brooklyn's newest artisanal restaurant.
Tour the Brooklyn beauty here

What the NYC skyline could look like in 2018, via CityRealty

March 31, 2015

City Council Task Force Will Look at Park Shadows Cast by Supertall Towers