CityRealty

CityRealty, hudson yards, Top Stories

Photo of Edge at Hudson Yards courtesy of Related-Oxford

Looking to take your yoga practice to new heights? Edge, the highest outdoor sky deck in the Western Hemisphere located in Hudson Yards, will launch a “sky-high” yoga experience this week. Run by Equinox, the classes take place on the 100th-floor observation deck of 30 Hudson Yards. The first event will take place on September 18, with tickets released on a week-by-week basis.

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CityRealty, real estate trends

1 Central Park West, Columbus Circle, Donald Trump, Trump International Hotel & Tower, Trump Organization

Photo by Loozrboy on Flickr

While some of Donald Trump’s family businesses have managed to profit from his presidency, his condo buildings in New York City continue to see significant price drops. According to a new report from CityRealty, owners of apartments at Trump-branded buildings in the city are “eager to get out,” even willing to take a significant loss on their properties. From 2016 to 2020, overall closing sales prices at nine Trump-branded condos dropped by 25 percent, according to CityRealty’s index tracking prices at Manhattan buildings owned by the Trump Organization.

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CityRealty, real estate trends

Photo by ajay_suresh via Flickr cc

Anyone who follows the NYC real estate market knows that there are deals to be had right now. But WHERE exactly can you get the most bang for your buck? CityRealty compared sale listings in January to those last week and found that the overall listing price among Manhattan condo, co-op, condop, and townhouse listings has fallen an average of 11 percent to $2,175,000 in the past seven months. And when it comes to specific neighborhoods, Lincoln Center, the Upper West Side neighborhood mainly centered around the 60s, saw prices fall the most at 32 percent. Murray Hill was next at 26 percent, followed by Beekman/Sutton Place at 22 percent.

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CityRealty, Policy, Restaurants

Open streets dining outside the Beatrice Inn; Photo (cropped) by Eden, Janine and Jim on Flickr

Since NYC entered phase 2 of reopening on June 22, more than 8,600 restaurants have begun participating in the Open Restaurants program, which allows restaurants to set up seating on sidewalks, curb cuts, in adjacent parking spots, and on certain designated open streets. Indoor dining in the city, however, has been postponed indefinitely. So to keep outdoor dining expanding and thriving, Mayor de Blasio announced today that he’s extending the program through October 31.

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CityRealty, Events

Photo by Norbert Kundrak on Unsplash

On April 3, three-time Grammy Award winner Bill Withers passed away at the age of 81. Among his top hits were “Ain’t No Sunshine,” “Lovely Day,” and “Lean on Me,” which will be the song New Yorkers will sing to out their windows this Thursday evening. Volunteer community choir Peace of Heart Choir kicked off the city-wide sing along last week with Frank Sinatra’s “New York, New York.” This week, the event is planned to reach the entire nation.

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CityRealty, Policy

NYC removed 80 basketball hoops from parks

By Dana Schulz, Fri, March 27, 2020

Rimless basketball hoops at Riverside Park and 74th Street on Friday, March 27. Photo © Dana Schulz for 6sqft.

In the recent weeks, Mayor de Blasio and Governor Cuomo have taken different approaches when it comes to social distancing measures in public spaces, but one thing they’ve agreed on is that basketball games need to stop. In his press conference on Wednesday, the Mayor spoke about the specific problem related to basketball courts and announced that he’d received reports from the Parks Department and the NYPD that 80 courts around the city, out of a total of 1,700, were an ongoing issue. He went on to say that the basketball hoops at these locations would be removed, which they were yesterday.

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CityRealty, Upper West Side 

Book Culture on Columbus on Thursday 1/9/20, taken by 6sqft

Drawing comparisons to “The Shop Around the Corner” in the movie “You’ve Got Mail” (which is also set on the Upper West Side), Book Culture became a beloved neighborhood shop for its whimsical atmosphere, great selection of books, and cozy children’s reading room. But this past year, the store’s owner penned a letter to city officials asking for a $500,000 loan to stay afloat amid unpaid vendor debts and loans. Earlier this month, a city marshal seized the store for “eviction action” due to unpaid rent, West Side Rag reported. Though the store was hopeful it could find a solution to remain open (even starting a Post-it Note campaign where customers left their support on the storefront), they announced today in an email that their doors are shut forever.

What happened?

CityRealty, real estate trends

trump tower, real estate values

Photo by Krystal T via Flickr cc

In November, 6sqft shared data that showed sales at Trump Tower were still in a post-2016 slump, but year-end figures show that the decline is a larger trend across Trump-branded buildings in NYC. According to CityRealty’s annual Manhattan Year-End Report, “In the third full year of Donald Trump’s presidency, the average sales price for the 11 Trump-branded condos in Manhattan once again fell below the Manhattan condo average.”

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CityRealty, real estate trends

Ultra-high-end sales defined the 2019 real estate market

By Dana Schulz, Fri, December 27, 2019

Looking north towards Billionaires’ Row in early October © 6sqft

Throughout the year, there was much speculation that the real estate market was on a decline, but according to CityRealty’s annual Manhattan Year-End Report, ultra-high-end sales continue to keep the market strong. On par with 2018’s 228 sales, this year saw 221 sales at $10 million or more, totaling $4.6 billion, up from last year’s $4.2 billion. As CityRealty tells us, this is “largely due to big-ticket purchases near the southern end of Central Park, most notably at 220 Central Park South,” which accounts for one-third of that total, as well as a glut of new development condos coming online.

More details ahead

CityRealty, Transportation

What the L beer, L train shutdown beer, Blue Point beer, Winston Tseng

Photo courtesy of Blue Point Brewing Company

The L train shutdown may be canceled, but don’t let Cuomo’s Superman tactics trick you into thinking you’ll get off unscathed. Even without a full 15-month shutdown, there will be a slew of headaches and, like beer company Blue Point Brewing Company says, “who knows what will happen next?!” And when in doubt, an adult beverage can help soften the blow, which is why Blue Point developed its new “What the L?” brew, complete with a very Williamsburg-esque label created by local graphic designer and subway artist Winston Tseng.

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Archtober2020