Bed-Stuy

October 15, 2018

Sales launch at Extell’s Central Park Tower, the world’s tallest residential building

Sales have launched for Central Park Tower, the tallest residential tower in the world, Extell Development announced Monday. Located at 225 West 57th Street, the 1,550-foot tower is rising on Billionaires' Row, a strip of ultra-luxury residences at the southern end of Central Park in Midtown. While Extell hasn't officially released pricing for its 179 condos, the Real Deal reported last year that 20 of the units have a price tag of $60 million and higher, with a $95 million penthouse being the most expensive. If the building achieves its projected $4 billion sellout, the tower would become the most expensive condo project in New York City.
More here
October 2, 2018

Listings go live at the world’s skinniest skyscraper, 111 West 57th Street

The race to build the tallest residential building in the world has long been underway along Billionaires' Row, but 111 West 57th Street not only boasts height (at 1,428 feet it'll surpass the current record holder, 1,396-foot 432 Park Avenue until the 1,500-foot Central Park Tower tops out) but a frame that is so slender (a ratio of 1:24) it garners it the title of skinniest skyscraper in the world. And after six years watching the development unfold, listings have finally gone live for the 46-unit condo, first spotted by Curbed. The first batch includes seven units, six of which are three-bedrooms ranging from $18 to $30 million, along with a $56 million penthouse.
Ogle the floorplan porn
September 6, 2018

Historic Bed-Stuy mansion smashes neighborhood record with $6.3M sale

Bedford-Stuyvesant's most expensive home has sold for $6.3 million, setting a record price for the neighborhood and sending a message that rising property prices are making their way further into Brooklyn, according to the Wall Street Journal. At nearly twice the previous record sale of $3.3 million in 2017, the Renaissance Revival-style John C. Kelley mansion at 247 Hancock Street is the most expensive single-family house ever sold in Bed-Stuy. The 8,000-square-foot, 10-bedroom townhouse was built in 1887 for water-meter magnate John Kelley, designed by noted architect Montrose Morris and modeled after a Gilded Age Vanderbilt mansion along Fifth Avenue.
Take a look inside this incredible mansion
August 21, 2018

Music fan behind ‘Aretha’ signs at Franklin Ave subway aims for permanent tribute mural

Upon hearing of the death of Queen of Soul Aretha Franklin last week, music enthusiast and location manager LeRoy McCarthy corralled a street artist friend and got to work on a fitting sendoff–"Aretha," stenciled in magenta sprayable chalk lettering above each sign that identified the Franklin Avenue subway station in Brooklyn. Curbed reports that McCarthy, who was responsible for efforts to name streets for Notorious B.I.G. in Clinton Hill, Phife Dawg in Queens and the Beastie Boys in the Lower East Side, among others, hopes to create a more permanent tribute. The plan is to create the word R-E-S-P-E-C-T in large black letters on a blank wall just south of Fulton Street on the west side of Franklin Avenue.
more than a little respect, hopefully
August 16, 2018

Apply for 35 affordable apartments in Bed-Stuy, from $745/month

A six-story building in Bed-Stuy launched a lottery this week for 35 affordable apartments. Developed in collaboration between Comunilife and NYC Health + Hospitals, the Woodhull Residence at 179 Throop Avenue contains 89 studio apartments, designed as supportive and affordable housing. The apartments up for grabs through the lottery are set aside for individual New Yorkers earning 50 and 60 percent of the area median income, or between $27,463 and $43,860 annually, and include $746/month and $903/month studios.
Find out if you qualify
August 14, 2018

3 chances to live just steps from the G train in Bed-Stuy, from $1,912/month

A six-story building in Bed-Stuy launched a lottery this week for three middle-income units. The newly constructed building, located at 523 Willoughby Avenue, sits between Marcy and Tompkins Avenues and just a two-minute walk from the G train. Qualifying New Yorkers earning 130 percent of the area median income can apply for one $1,912/month one-bedroom and two $2,303 two-bedroom apartments.
Find out if you qualify
August 9, 2018

The best affordable and student-friendly off-campus neighborhoods in NYC

If you can’t bear the idea of living in the dorms for another year, you’re not alone. Unless you happen to go to Columbia where over 90 percent of students live on campus, there's a high likelihood you’ll be searching for your own apartment at some point during your college years, just like 57 percent of students at NYU and 74 percent at The New School. And if you're like most students, you’ll be looking for an apartment far from downtown that strikes the right balance between affordability, commutability, and access to services. To help you make the smartest decision possible, 6sqft has compiled a list of affordable, student-friendly neighborhoods in Manhattan and Brooklyn. By New York City standards, all of these are both safe (e.g., reported fewer than 1.5447 crimes per 1000 people in June 2018) and within reach (e.g., on average, three-bedroom units can still be rented for less than $5,000 per month). Using July 2018 City Realty data on average neighborhood rents, we've broken down how much you’ll pay on average to live in a three-bedroom shared unit in each of these neighborhoods. We’ve also provided average commute times to both Union Square, which is easily walkable to NYU, The New School, and Cooper Union, and to the Columbia University campus.
Get the guide
August 7, 2018

20 affordable studios in Bed-Stuy up for grabs for $666/month

A newly constructed Bed-Stuy rental launched a lottery this week for 20 affordable studios. Located at 500 Gates Avenue, the five-story, 68-unit apartment building sits on the corner of budding Thompkins Avenue, a block home to nearby favorites like Bed-Vyne Brew and Peaches Hot House. Qualifying New Yorkers earning 60 percent of the area median income can apply for the $666/month studio apartments.
Find out if you qualify
August 7, 2018

Our 2,500sqft: New homeowners Mark and Lauren take us inside their relaxed Bed-Stuy brownstone

The Upper West Side to Bed-Stuy may seem like a big jump, but Mark Macias and Lauren DeGregory haven't looked back. Last August, the lovely couple bought a renovated brownstone in the 'hood, upgrading from a one-bedroom apartment to a three-story 1890 house complete with a rental apartment, owner's duplex, and, best of all, rear deck and backyard. Having a warm, comfortable home was especially vital to the couple because of their schedules. Though he runs his own PR firm, Mark spent their first year as homeowners finishing up his play about Elvis Presley, "The King, The Final Hours." And Lauren's life sciences consulting job keeps her traveling and living out of a suitcase for most of the work week. 6sqft recently paid Mark and Lauren (and their dog Einstein!) a visit, got a tour of their pretty home, and learned a bit more about their new lives as homeowners.
Take the tour
July 11, 2018

Live one block from the G train in Bed-Stuy for just $1,074/month

With the impending L train shutdown, the G train is looking better and better, and here's a chance to live less than a block from the Myrtle-Willoughby Avenues stop. The affordable housing lottery is for seven $1,074//month one-bedrooms, open to New Yorkers earning 60 percent of the area median income, at 901 Myrtle Avenue, a new 30-unit rental building.
Find out if you qualify
June 22, 2018

Two affordable one-bedrooms in Bed-Stuy up for grabs for $985/month

Photo via CityRealty Act quickly: Just two one-bedroom apartments are available at a new rental building in Brookyln's Bed-Stuy neighborhood. The rental at 88 Hart Street sits between Marcy and Tompkins Avenues and only a few blocks from the Kosciuszko Pool and the Herbert Von King Park, a historic green space designed by Frederick Law Olmsted that also has a cultural arts center. Plus, the building includes a laundry room. New Yorkers who earn 60 percent of the area median income, or between $33,772 and $50,100 annually, can apply for the affordable $985/month one-bedrooms.
Find out if you qualify
June 5, 2018

Lottery opens for 13 middle-income units in Bed-Stuy, from $1,744/month

As any New Yorker knows, convenience is key, but it'll often cost you. The city's latest affordable housing lottery, however, offers a location on the same block as the Franklin Avenue stop in Bed-Stuy, and just a short walk to both the subway and LIRR at Nostrand Avenue. The brand new building at 1068 Fulton Street has 13 middle-income units up for grabs for New Yorkers earning 130 percent of the area median income, including $1,744/month one-bedrooms and $2,099/month two-bedrooms.
Find out if you qualify
June 4, 2018

City sells million-dollar homes in Bed-Stuy to 10 families for roughly half price

Photo via CityRealty New York City has sold 10 homes valued between $1 and $1.2 million to Brooklyn families for about half the price, as part of an initiative to promote affordable homeownership throughout the five boroughs. The two-family homes are located throughout the Bed-Stuy neighborhood and sold for between an estimated $407,000 and $625,000 (h/t NY Post). To qualify for the affordable homes, the families had to apply through a housing lottery and earn 90 or 130 percent of the are median income, which ranges roughly between $50,856 for a family of three and $153,790 for a family of seven.
Get the details
April 19, 2018

Middle-income housing lottery in Bed-Stuy saves renters close to nothing

For the second time in two days, the city's affordable housing portal has opened the application process for a middle-income lottery that's basically no cheaper than the building's regular market-rate units. For example, this opportunity at 867 DeKalb Avenue, a recently constructed rental in Bed-Stuy, is offering 11 units to those earning 115, 125, and 130 percent of the area median income. The "affordable" apartments range from $2,163/month one-bedrooms to $2,716/month two-bedrooms. By comparison, the market-rate units start at $2,100 for one-bedrooms and $2,744 for two-bedrooms.
What's up with that?
April 18, 2018

For only $950K, this tiny townhouse in Stuyvesant Heights has a backyard shed and modern updates

We’re sensing a tiny-townhouse-as-condo-alternative trend here; and why not? Low taxes, backyard space, and basement storage are hard to pass up. This particular version is a stylishly renovated three-bedroom home at 264 Bainbridge Street in pretty Stuyvesant Heights, with an even tinier–but no less adorable–backyard shed in the covetable backyard. It's asking a diminutive-seeming $950,000.
Take a look around
April 13, 2018

L/AND/A transforms a dark Bed-Stuy row house into a spacious, sun-drenched dream

LIGHT AND AIR, better known as L/AND/A, is a New York-based architecture and design studio led by architect and artist Shane Neufeld. Established in 2017, L/AND/A takes a “primal approach” to architecture by reducing design to its essential components to find clarity in a hectic world. Neufeld believes, "architecture is most powerful when elemental, and that spatial clarity and specificity have the potential to shape distinct experiences that ultimately enrich our lives- reconnecting people to their environments in meaningful and surprising ways.” This is just what Neufeld has done in his most recent project.
See the transformation
April 10, 2018

New renderings revealed for Daniel Libeskind’s affordable senior housing building in Bed-Stuy

Just a few weeks ago, 6sqft reported that starchitect Daniel Libeskind's first New York City building to rise from the ground up would be a 197-unit affordable senior housing project planned for Site 2 of the Sumner Houses in Bed-Stuy. Now Studio Libeskind has released three new renderings of the 10-story building-to-be, showing more of its an angular white-colored facade done in the firm’s signature un-orthogonal style (h/t Dezeen).
See more, this way
April 5, 2018

Starbucks targets low- and middle-income communities, starting with new Bed Stuy location

Starbucks has been all over the map, not only geographically but symbolically. Reactions to a new Starbucks often range from being a welcome addition by caffeine-deprived people to being the face of a large corporation that is a lightning rod for gentrification, threatening mom and pop shops. With 14,163 Starbucks in the US, what street corner doesn’t have a Starbucks? Well, the Bedford-Stuyvesant community didn’t, until now. A Starbucks just took over the location of shuttered local department store, Fat Albert. Is this another example of the big, faceless corporation blazing its way into a community that doesn’t want it?
Get more info here
March 29, 2018

Daniel Libeskind’s first New York City building may be affordable senior housing in Bed-Stuy

Though he has called New York home for decades, noted Polish-American architect Daniel Libeskind has yet to see a NYC building to completion. But it appears that may soon change, as CityRealty reports that his first ground-up building will be a 197-unit affordable housing project on Site 2 of the Sumner Houses in Bed-Stuy. A January press release announcing the selection of the project’s developers credits Studio Daniel Libeskind as the designer of the 10-story building-to-be, and a rendering shows an angular white-colored building done in the firm’s signature un-orthogonal style.
Find out more
March 21, 2018

One of only two condos with private terraces at One57 lists for $28.5M

Sure, Michael Dell has bragging rights to buying One57's $100 million penthouse, the most expensive home ever sold in New York City, but Bill Ackman's $91.5 million buy a few floors down came with a coveted terrace. Only two units in the Billionaires' Row building claim "private outdoor space on the park," and the second has just come on the market for the first time, asking $28.5 million. Dubbed the Spring Garden Residence (as opposed to Ackman's "Winter Garden Penthouse," as Curbed notes), the 41st- and 42nd-floor duplex boasts a 43-foot-long great room wrapped in floor-to-ceiling windows that lead to a 671-foot solarium and a terrace with views of the park and skyline.
Take a tour
March 16, 2018

Crown Building penthouse may be in contract for $180M, beating NYC record by $80M

Another Billionaire's Row sky mansion–this one with a piano lounge, two kitchens, a wraparound terrace, and two swimming pools spread out over five stories at 730 Fifth Avenue–is on its way to record-smashing glory, according to The Real Deal. Sources say an unknown buyer has spoken for the 12,536-square-foot residence in the actual crown of the Crown Building, to the tune of $180 million. If the sale closes, it will be the New York City's most expensive sale ever at $14,358 per foot (also a record), surpassing Michael Dell's $100.5 million penthouse atop Extell Development’s One57.
Check this place out
March 2, 2018

85th floor unit at One57 gets an $11M price chop, now listed at $59M

6sqft reported back in October that an 85th-floor unit in the building known for the city’s most expensive residential sale ever was back on the market after a total overhaul for a noteworthy $70 million. The 6,240-square-foot condominium was purchased by Canadian billionaire Lawrence Stroll for $55.6 million in 2014. After four months, the sprawling sky mansion has been discounted by $11 million according to Mansion Global; the building's third-highest listing is now asking $59 million.
The view is just as good at $59 million
February 26, 2018

More than half of NYC’s 20 most expensive sales were at One57 and 432 Park

The buyer of One57's $100 million penthouse was unveiled as Michael Dell last week, finally solving the mystery of which billionaire set New York City's record for the most expensive home ever sold. The reveal sparked CityRealty's interest in finding out where other costly buildings fall in comparison. Unsurprisingly, Midtown's One57 and 432 Park make up 12 out of the city's 20 priciest homes ever sold with single units going for $100.47 million and $91.5 million, respectively. While those two buildings on Billionaires' Row easily take the top three spots, 15 Central Park West ranks fourth, with its $88 million penthouse sold in 2012.
More this way
February 22, 2018

Billionaire Michael Dell revealed as the secret buyer of One57’s $100M penthouse

Founder and CEO of Dell Technologies, Michael Dell, was revealed as the buyer of the sprawling penthouse at One57 for $100.47 million, the most expensive home ever sold in New York City. According to the Wall Street Journal, Dell first entered a contract to buy the unit in 2012 when the Billionaires' Row building, located at 157 West 57th Street, was still under construction. He closed the transaction through a limited liability company in 2014.
Get the details
February 14, 2018

The city will produce 500 affordable apartments across 87 hard-to-fill vacant lots

An announcement Tuesday by the New York City Department of Housing Preservation and Development (HPD) gave lower-income New Yorkers lots to look forward to–literally. HPD Commissioner Maria Torres-Springer announced that nine development teams would be creating 490 affordable apartments and homeownership opportunities on 87 vacant lots through the department's New Infill Homeownership Opportunities Program (NIHOP) and Neighborhood Construction Program (NCP). The programs were designed specifically to unlock the potential of vacant lots long considered too small or irregular for traditional housing with innovative smaller homes, and develop more affordable housing on lots long used for parking at existing housing complexes. This latest round of development is the third and final in a series: The program has already seen the construction of over 600 affordable homes on 81 lots.
'No site has gone overlooked'
January 30, 2018

Report: Airbnb listings removed up to 13,500 long-term rentals in NYC over past three years

Airbnb is responsible for the loss of between 7,000 and 13,500 long-term rental units in New York City while increasing the median long-term rent in the city by $380 a year, says a new report from McGill University. The study, commissioned by the union Hotel Trades Council, also found 87 percent of entire-home reservations are considered illegal under state law (h/t Politico NY). Mayor Bill de Blasio last year announced his plan to expand the city's Office of Special Enforcement to crack down on illegal short-term rentals; it is illegal for NYC landlords to rent entire apartments for fewer than 30 days.
More this way