Bed-Stuy

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

Image courtesy of Extell/One57

February 22, 2018

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

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

Image: Ed Reed/Mayoral Photography Office

February 14, 2018

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

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

Photo courtesy of Airbnb

January 30, 2018

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

By
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
City to open homeless shelter adjacent to One57 on Billionaires’ Row

Image © 6sqft

January 18, 2018

City to open homeless shelter adjacent to One57 on Billionaires’ Row

By
Mayor Bill de Blasio plans to open a new homeless shelter for 150 single adult men on Manhattan's Billionaires' Row, part of the city's initiative to open 90 new shelters over the next five years. According to the New York Post, a former hotel at 158 West 58th Street, the Park Savoy, will be converted into the shelter and open in March. The Central Park South building sits behind One57, a supertall known for the city's most expensive residential sale ever: a penthouse that sold for $100 million in 2015.
More this way
Snag an affordable one-bedroom in Bed-Stuy for $985/month

Image courtesy of StudiosC

January 4, 2018

Snag an affordable one-bedroom in Bed-Stuy for $985/month

By
A Stuyvesant Heights building located in the heart of Brooklyn, nestled in the middle of Bushwick, Bed-Stuy and Williamsburg, is now accepting applications for nine affordable units. The five-story rental at 869 Park Avenue sits between two busy thoroughfares, Marcus Garvey Boulevard and Broadway. Qualifying New Yorkers earning 60 percent of the area median income can apply for the $985/month one-bedroom apartments. 
Find out if you qualify
New renderings revealed for Extell’s Central Park Tower as it hits halfway mark

Rendering courtesy of Extell

December 7, 2017

New renderings revealed for Extell’s Central Park Tower as it hits halfway mark

By
The 1,550-foot Central Park Tower, the soon-to-be tallest residential tower in New York City, has gotten some new renderings that reveal how it'll appear lit up at night, as well as how its interiors may look (h/t YIMBY). Extell Development's current plans for the Billionaires' Row tower call for 179 condominiums, spanning on average 5,000 square feet, with open layouts and oversized windows overlooking Central Park. With the construction of the supertall at 217 West 57th Street now hitting its halfway mark and rising to roughly 700 feet, Central Park Tower is expected to be completed in 2019.
See inside the supertall
Crown Building’s $100M penthouse will have two indoor pools and a piano lounge

Penthouse rendering courtesy of Aman Resorts

November 16, 2017

Crown Building’s $100M penthouse will have two indoor pools and a piano lounge

By
Floor plans of the Crown Building's crown jewel, its five-story penthouse, have revealed what $100 million will buy you at one of the city's most desirable locations for the super-rich. As the Real Deal learned, the penthouse features two swimming pools, a piano lounge and a full-floor master suite. The 14,000-square-foot pad sits in the actual crown of the building, spanning floors 22-26. The rest of the Billionaires' Row building at 730 Fifth Avenue isn't too shabby either; the building includes an 83-key luxury Aman Resorts hotel with a three-story spa, a jazz and cigar club, a few restaurants and 20 luxury condos.
Find out more
Foreclosures and flopped flips pile up at One57, sending grim message to big ticket investors

Image © Wade Zimmerman courtesy of Agence Christian de Portzamparc (ACDP)

November 16, 2017

Foreclosures and flopped flips pile up at One57, sending grim message to big ticket investors

By
A full-floor, 6,240-square-foot penthouse at Midtown billionaires' bunker One57 recently sold to an unidentified high bidder–one of five contenders–at a foreclosure auction for $36 million. That number is 29 percent lower than the original $50.9 million price shelled out by Nigerian businessman Kolawole Akanni Aluko for the newly-minted condo in 2014. The fire sale was the fourth resale in the 1,004-foot-tall Billionaire's Row flagship trophy tower to trade at a loss, according to data from appraiser Miller Samuel Inc., reports Bloomberg. The latest example is the largest discount to date on one of the pricey properties, all of which sends a message to buyers with plans to cash in on the ultra-luxury units in short order. And there are currently 16 apartments at the building listed for sale, most of them by the developer.
Read on
For $2.3M, an Amzi Hill-designed Bed-stuy townhouse with historic details and an artist’s legacy
November 13, 2017

For $2.3M, an Amzi Hill-designed Bed-stuy townhouse with historic details and an artist’s legacy

By
On one of the prettiest blocks in the landmarked Stuyvesant Heights section of Bed-Stuy, this 3,240-square-foot 1890s brownstone is brimming with historic architectural details. Designed by prolific Brooklyn architect Amzi Hill, 740 Macon Street has been lovingly restored by the home's longtime owners, one of whom happens to be a celebrated local artist whose sense of history and beauty is reflected at every turn. Highlights include arched windows, six tiled fireplaces, parquet floors, wooden shutters, pressed tin ceilings, pocket doors, a pier mirror, egg-and-dart molding and intricate fretwork, plus a landscaped garden and terrace. The two-family townhouse–there's a one-bedroom garden unit for rental income–is asking $2.3 million.
Tour this beautiful four-story house
Crown Building’s five-story penthouse is the latest to join Midtown’s $100M+ club

Penthouse rendering (Aman Resorts)

October 27, 2017

Crown Building’s five-story penthouse is the latest to join Midtown’s $100M+ club

By
Taking its name from an elaborate pyramid-shaped crown, the Crown Building at Fifth Avenue and 57th Street has been described as one of the city's most desirable retail locations. Michael Shvo and Russian developer Vladislav Doronin bought the non-retail upper floors of 730 Fifth Avenue in 2015 and filed plans to redevelop the Billionaires' Row property, and new details have been revealed, CityRealty reports. An 83-key luxury hotel with a three-story spa, a members-only lounge, a jazz club and cigar bar and two restaurants will start on the fourth floor. Above the hotel, 20 luxury condominiums known as Aman New York Residences will start on the 11th floor. The building's crown jewel will be a 14,000 square-foot five-story penthouse on floors 22-26 asking $100 million.
See more, this way
For $3,500 a month, this Bed-Stuy brownstone rental has charm, personality, and a private backyard
October 23, 2017

For $3,500 a month, this Bed-Stuy brownstone rental has charm, personality, and a private backyard

By
In a sea of cookie-cutter rentals, there are a rare few that look like home–or even like an interesting place to live. Located at 481 Greene Avenue in what seems to be the new neighborhood of choice for the city's interior design professionals, this two-bedroom brownstone apartment goes far beyond the average Bed-Stuy rental when it comes to good looks. The gut-renovated 1,100-square-foot first floor unit is one of only six, and it comes with the rare bonus of a private back yard.
Have a look around
New Affiliates makes plywood look modern and sexy in this Bed-Stuy reno
October 12, 2017

New Affiliates makes plywood look modern and sexy in this Bed-Stuy reno

By
Plywood doesn't have the reputation of a desirable material when it comes to chic home renovations. But the Manhattan design studio New Affiliates used it in this Bed-Stuy loft reno to surprising results. By using raw plywood and rough materials like exposed steel and mesh screens as finishes, the space retains its industrial edge while pulling off a clean, modern--even sexy--aesthetic by pairing such materials with stark blocks of color. As the firm says, "These adjacenies of contrasting materials work to produce something clean, light, and unprecious while maximizing usable space in the loft." All we have to say is, who knew plywood could be so appealing?
See more photos of the project
Hill West design a modest, 19-story condo for Billionaires’ Row

Rendering of 7 West 57th Street found at its construction site, via CityRealty

October 9, 2017

Hill West design a modest, 19-story condo for Billionaires’ Row

By
As Billionaires' Row on Manhattan's West 57th Street continues to grow with supertall towers, developer Sheldon Solow plans on constructing a more modest addition to the block. New renderings of the boutique condo at 7 West 57th Street, designed by Hill West, reveal a 19-floor building with an unassuming glass facade and a convex face, as CityRealty learned. The tower plays off of Solow's concave tower next door at 9 West 57th Street.
More this way
REVEALED: Central Park Tower’s ‘Village Green’ lawn and pool deck
October 5, 2017

REVEALED: Central Park Tower’s ‘Village Green’ lawn and pool deck

By
Central Park Tower, New York City's future tallest residential skyscraper, is getting a more down-to-earth design. As CityRealty learned, the supertall at 225 West 57th Street on Billionaires' Row will feature a sprawling landscaped space designed by HMWhite. The firm's terrace design includes both passive and active recreational areas, like a central open lawn and a sequence of complimentary garden rooms. Renderings of the projected 1,550-foot tall tower reveal a lap pool overlooking West 57th Street and a sun deck among pergolas and trellises.
More this way
One57’s 85th-floor unit comes back on the market for $70M after a full reno
October 3, 2017

One57’s 85th-floor unit comes back on the market for $70M after a full reno

By
In the building known for the city's most expensive residential sale ever (a dizzying duplex on the 89th and 90th floors of the iconic skyscraper at 157 West 57th Street whose $100 million sale closed in 2014), big-ticket buys hardly turn heads. But that same year, the headline-grabbing supertall saw its third most expensive unit change hands when Canadian investor and Ferrari collector Lawrence Stroll dropped $55.6 million on a 6,240-square-foot 85th-floor home in the building's tower. Now he's put the full-floor pad back on the market for an even more noteworthy $70 million. According to the listing, the apartment had a complete renovation even in its short lifetime–and clearly, Stroll, worth an estimated $2.4 billion spared no expense, including woven suede walls, a sculptural wall by artist Peter Lane, and a double-sided marble fireplace.
Get a look at this big bank account in the sky this way
Star of Netflix’s ’13 Reasons Why’ sells cute Ocean Hill townhouse for $1.5M
September 28, 2017

Star of Netflix’s ’13 Reasons Why’ sells cute Ocean Hill townhouse for $1.5M

By
The star of Netflix’s “13 Reasons Why” series, Tommy Dorfman, has sold his townhouse in Ocean Hill, a subsection of the Bed-Stuy neighborhood of Brooklyn, for $1.495 million. The 25-year-old Atlanta native first purchased the home in the beginning of 2016 for $1.3 million. As the Real Deal learned, the actor’s home at 720 Decatur Street hit the market earlier this month and found a buyer within just 20 days. Recently gut-renovated, the five-bedroom, two-family home features spacious a living and dining area, as well as a private landscaped garden.
See inside
$4,300/month Bed-Stuy duplex is chock full of pre-war details
September 5, 2017

$4,300/month Bed-Stuy duplex is chock full of pre-war details

By
For those old house lovers who can't afford to buy an entire old house, here's a gorgeous pre-war rental in Bedford-Stuyvesant that's loaded with details like fireplaces, high ceilings, woodwork, moldings, and a clawfoot tub. Occupying two floors of the townhouse at 464 Marion Street, the home also boasts three bedrooms, an office, media room, and formal dining room. And the best perk: a 20-foot-wide terrace with room for dining and a large grill.
Go right inside
Apply for 12 affordable apartments in Bed-Stuy, from $1,230/ month

27 Albany Avenue rendering via Loci Architecture

August 30, 2017

Apply for 12 affordable apartments in Bed-Stuy, from $1,230/ month

By
Applications are currently being accepted for 12 affordable apartments at 27 Albany Avenue in the Brooklyn neighborhood of Bedford-Stuyvesant. Located on the bustling corner of Fulton Street, the building rises 10 stories with 50 residences. Amenities include on-site parking, a virtual doorman, package room, fitness center, communal terraces and a lounge. New Yorkers earning 80 percent of the area median income can apply for five one-bedrooms for $1,230 per month and seven two-bedrooms for $1,486 per month.
Find out more
My 900sqft: An interior designer fills his Bed-Stuy home with rare objects pulled from the street

6sqft’s ongoing series “My sqft” checks out the homes of New Yorkers across all the boroughs. Want to see your home featured here? Get in touch!

August 1, 2017

My 900sqft: An interior designer fills his Bed-Stuy home with rare objects pulled from the street

By
"This apartment has basically become my yard," says Alessandro Pasquale, an Italian designer, artist, and collector of incredible and one-of-a-kind pieces. "I’m an interior designer, so I love details. The little things catch my attention," he adds. These statements find considerable weight when you scan Alessandro's Bed-Stuy home, a 900-square-foot space filled with hundreds of objects he's arranged so "that any angle of the apartment can be photographed." But while you may be thinking this guy is either incredibly wealthy or a bit of a shopaholic given his lot, it's worth noting that Alessandro isn't raising a paddle at Christie's procure these rare items. Rather, since moving to NYC he's become something of a scavenger, plucking obscure items that have been abandoned curbside or trashed in dumpsters, then finding a place for them in his home.
take video and photo tours inside
World’s skinniest skyscraper at 111 West 57th Street stalled at 20 stories by soaring costs
July 27, 2017

World’s skinniest skyscraper at 111 West 57th Street stalled at 20 stories by soaring costs

By
The construction of Property Markets Group and JDS Development’s 1,421-foot-tall tower at 111 West 57th Street has been the subject of much anticipation and excitement, as it's slated to be among the tallest residential skyscrapers anywhere and the world's most slender with a height-to-width ratio of 24:1. But after rising only 20 stories, the SHoP Architects-designed Billionaires' Row addition has stalled, plagued with budget overruns and headed for foreclosure, the New York Post reports.
What could possibly have happened?
Dry ice and solar power to be used in city’s $32M rat battle
July 13, 2017

Dry ice and solar power to be used in city’s $32M rat battle

By
Mayor Bill de Blasio declared Wednesday that he wanted "more rat corpses" in a $32 million crusade to rid the city's most plagued neighborhoods of the scurrying scourge. The New York Times reports that parts of lower Manhattan, the Bedford-Stuyvesant neighborhood of Brooklyn and the Grand Concourse in the Bronx are the focus of the latest campaign that hopes to reduce the number of rats in those areas by 70 percent by the close of 2018. Among the battle's newly-forged weapons are 336 $7,000 solar-powered rat-proof garbage bins and an EPA-approved–and apparently very effective–method of killing rats in their holes using dry ice.
Psst...hey...pizza over here
First look at Central Park Tower’s palatial amenity spaces and apartment layouts

Central Park Tower renderings (Extell / AS+GG)

July 12, 2017

First look at Central Park Tower’s palatial amenity spaces and apartment layouts

By
We expected that Central Park Tower, the city's tallest-tower-to-be swiftly rising at 225 West 57th Street, would be giving Midtown record-smashers like 432 Park Avenue a run for their trophy-tower money. And now newly-revealed details uncovered from the building's EB-5 brochure offer a first glimpse of what the upcoming supertall's rivals could be up against. The preliminary overseas marketing images spotted by CityRealty show off the 1,550-foot-tall building's apartment layouts and the ultra-luxe amenity spaces that will sit high above the hotel and Nordstrom, the building's flagship retail tenant. Developer Gary Barnett's new condo development is the most expensive ever attempted in the city and is projecting a $4 billion sellout including retail and hotel tenants.
Sky palaces and amazing amenities this way
For $1.2M this little Bed-Stuy townhouse is ready for front porch rocking and backyard croquet
July 12, 2017

For $1.2M this little Bed-Stuy townhouse is ready for front porch rocking and backyard croquet

By
Located on one of those charmingly scruffy Bed-Stuy streets that seems to span three centuries with some "Little House on the Prairie" thrown in, this seriously detached house at 659 Madison Street, though it's only two stories high and 2,244 square feet, sits on a 25-by-100-foot lot. Asking $1.2 million, the three-bedroom home is still a lot bigger than the average condo–and what condo comes with a wrap-around porch? Though the listing says it's a single-family, it's actually a two-unit building, so there's even income potential.
Have a look around
Two chances to live in hip Bed-Stuy from $947/month
July 10, 2017

Two chances to live in hip Bed-Stuy from $947/month

By
Qualifying New Yorkers earning 60 percent of the area median income can apply for an affordable one-bedroom for $947/month or a two-bedroom for $1072/month at 452 Lafayette Avenue in Bedford-Stuy. Located at the intersection of Lafayette and Franklin Avenues, this apartment building sits near the Pratt Institute as well as plenty of shops, bars, and restaurants. Amenities include a roof terrace and laundry room, along with being just steps away from the G train.
Find out if you qualify
Extell’s Central Park Tower will have a $95M penthouse and 100th-floor ballroom
July 7, 2017

Extell’s Central Park Tower will have a $95M penthouse and 100th-floor ballroom

By
With massive condominiums, private elevators and a 100th-floor ballroom that overlooks Central Park, Gary Barnett and Extell Development won’t have much trouble luring the world’s richest to their ambitious $4 billion Central Park Tower. Although the building at 217 West 57th Street, slated to be the tallest residential tower on Earth and most expensive in NYC, won’t be completed until 2019, the Real Deal discovered the building’s floorplans and the price breakdown for each unit. According to filed documents, 20 of the 179 condominiums in the building have a price tag of $60 million and above. The most expensive unit listed? A $95 million penthouse that contains four bedrooms, a 2,000-square-foot terrace and an outdoor pool.
See the floorplans
Pitch a story icon

Pitch a Story

We love to hear from you!

"*" indicates required fields

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

"*" indicates required fields

or Call (212) 755-5544

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

Distinctive Post Form

"*" indicates required fields

or Call (212) 755-5544
Contact us image

Get in Touch

We love to hear from you!

"*" indicates required fields

Send us a tip image
Delivering New York stories focused on design, lifestyle & real estate.

Send us a Tip

We love to hear from you!

"*" indicates required fields

Interesting in learning more about purchasing a new home?

Let us know what you are looking for and we’ll help you find the home of your dreams. It’s free, with no obligation.

CityRealty Logo
or Call (212) 755-5544

Thinking about selling your home?

We’ll provide current market comps and connect you with a trusted expert.

CityRealty Logo

Sell a Home (Footer)

"*" indicates required fields

or Call (212) 755-5544

Before You Move On
from this Page.

Subscribe for NYC's Lastest Design, Lifestyle,
and Real Estate Trends!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.

Your Daily Dose
of NYC Life!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.