, Mon, September 17, 2018
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For over a decade, a large swath of the Upper East Side was under construction, but for many residents, it felt more like being under attack. As the Q Line was being built—after a century-long wait—the neighborhood not only had to tolerate restricted traffic along Second Avenue above ground but also more dramatic interruptions. Indeed, at one point in the subway line’s construction, underground explosions even shattered the windows of several local businesses. But with the noise, traffic, and disarray of the Second Avenue Subway in the past, the surrounding neighborhood has already quickly bounced back. As per predictions, since the completion of the line, real estate values, volume of sales, and rental prices in Yorkville have experienced an upswing.
Get the data
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For followers of Manhattan real estate it would be hard to miss the bumper crop of innovative, eye-catching and pricey new developments rising what seems like daily in Tribeca; but big numbers for new towers may come as a surprise when they’re attached to old-school Yorkville on the Upper East Side. In the city that never fails to surprise, recent research from CityRealty shows that Tribeca and Yorkville are the top neighborhoods for new development condo sales so far this year. There are, of course reasons for the unlikely pairing at the top.
See who else is on the list
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According to new documents, the next leg of the extension of the Q line to 125th Street that comprises the second phase of the Second Avenue Subway will be done in 2029, the Daily News reports. And that completion date only holds if work is begun on time, in mid-2019, according to the same document from the Metropolitan Transportation Authority and the Federal Transit Administration. The expected phase two completion date is nearly a decade after Governor Andrew Cuomo opened the first section of the project in 2017. That 2029 date refers to the time all construction equipment has left the site; MTA officials hope to begin running trains through the tunnels, bringing vital service to Harlem, in 2027.
Find out more
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The MTA has released updated ridership figures for 2017, giving an even better look at how the Second Avenue Subway is growing in popularity and impacting the Lexington Avenue line. By looking at the three comparative stations–96th Street, 86th, and 77th/72nd Streets–we can see that average weekday ridership on the 4,5,6 line has dropped 29.5, 29.2, and 23.6 percent respectively. More impressive is the fact that in 2017, the annual number of riders at the 96th Street station and 77th and 72nd Street stations were almost identical on both lines at roughly 8.5 million. And at 86th Street, the Q station hit 7.7 million riders, still impressive compared to the Lexington line’s $14 million considering there are two express trains there, too.
A deeper dive
This pre-war one-bedroom co-op at 330 East 90th Street in the Upper East Side is laid out railroad-style and somewhat lacking in excess square footage. But the $475,000 ground-floor space has the rare city bonus of a private planted garden and deck with room for furniture and a grill. And besides being just a few blocks from the Q train, the apartment’s interiors are as charming as they are cleverly functional.
Have a look
Photos © James and Karla Murray exclusively for 6sqft
Four months after they announced their imminent closing, Yorkville’s 116-year-old German bakery Glaser’s will serve its final treats this Sunday. They shared the news via a bittersweet Facebook post that read, “After many years of daunting hours and hard work, the third generation of bakers have come to the difficult decision to hang up their bakers’ hat and move towards retirement.” Since last weekend, the lines have been wrapping around the block, with the bakers whipping up 1,650 of their black-and-white cookies at a time (they’re widely regarded as the original and the best in the city).
Get a look at those lines
6sqft’s series “My sqft” checks out the homes of New Yorkers across all the boroughs. Our latest interior adventure brings us to real estate publicist Kelly Kreth’s Yorkville apartment. Want to see your home featured here? Get in touch!
What’s black and white and red all over? Kelly Kreth’s Yorkville apartment. The real estate publicist pegs her OCD diagnosis for the strict color palette–“it makes me feel safe,” she explains–but also the fact that her love for retro pieces, graphic art, and fashion-forward decor lends itself quite well to this tri-hued approach. We recently spent the afternoon getting to know Kelly and her dachshund puppy Biggie Smalls and learned more about what it’s like to live in just three colors, why she chose this Upper East Side ‘hood, and where she’s been able to find some of her fun and funky finds.
Meet Kelly and tour her home
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‘Tis the time of year for private school acceptance letters to arrive. Nervous teens and parents race to their inboxes and find out if they are given the honor of spending upwards of 50k a year on their children’s education, often at one of the Upper East Side’s highly prestigious institutions. At the same time, the starting gun sounds on the race to find an Upper East Side home to move to near school.
amNY reported that with the “private school bump,” not only do buildings see a jump in families moving their primary residences to the area but many see NYC residents buying “little studios for them and their kids for Monday through Friday just to be closer to the school so they don’t have to commute from Tribeca, the Lower East Side, or Chelsea.”
Hear from the pros
When I first interviewed Edward Baquero, President of Corigin Real Estate Group, his art curator, Elizabeth Fiore, was furiously texting him images from the Armory Show with potential art for two remaining walls in the stately 20 East End’s octagonal lobby. Baquero is a perfectionist to the nth degree with an obsessive eye for detail, highly skilled research capabilities, a luxurious aesthetic sensibility and a ridiculously funny sense of humor. These two alcove walls were just as important to Baquero as every other detail in his building, no matter how big or small. Nothing in 20 East End was chosen without thorough research and reason followed by multiple iterations of tests and retests.
What Baquero created in 20 East End evokes a time when the Astors, Vanderbilts, and Rockefellers dominated Manhattan and defined luxury. Baquero is bringing back the best of the past and melding it with the present to create a model many will replicate in the future. Ahead, 6sqft talks with him about how he achieved this, his inspirations, and what it was like working with Robert A.M. Stern.
Hear what Edward has to say
© James and Karla Murray for 6sqft
When 6sqft met with Herb Glaser, the third-generation co-owner of Yorkville’s 116-year-old German bakery Glaser’s, he attributed the business’ longevity to the fact that his grandfather “had the foresight and the ability to buy the building that we are in.” So it came as a bit of a surprise when we learned over the weekend that the beloved bake shop will be closing its doors this summer. A bittersweet Facebook post stated that “After many years of daunting hours and hard work, the third generation of bakers have come to the difficult decision to hang up their bakers’ hat and move towards retirement.”