By Dana Schulz, Thu, June 12, 2014
When the going gets tough…put your massive Tribeca condo on the rental market for $45,000/month. Well, at least that’s what the owners of Apartment 1 at 16 Jay Street recently did after trying to sell the pad since April 2011. Available immediately, the space can come furnished or unfurnished.
Known in the design community for its sweeping cast-iron and mahogany staircase that was welded together inside the home in the shape of a double ellipsis, this floor-through apartment occupies the entire 4,200 square feet of 16 Jay Street’s first floor. It has 3BR/3BA and a 900-square-foot patio that contains a 25-foot-high sculpture and heated limestone flooring.
The interior excitement continues here
By Aisha Carter, Tue, May 20, 2014
Patience is a virtue; one that billionaire tycoon and former mayoral candidate John Catsimatidis clearly has in droves.
Cats demonstrated this when he had the foresight to purchase a block of land on Myrtle Avenue in Fort Greene, over 30 years ago, back when the street was appropriately nicknamed Murder Avenue. Not many people would have seen the value in property in an area where Cats jokes that he had to carry two guns “just in case one of the guns runs out of bullets”. However, Cats saw it as a worthy investment. And boy was he right. A few decades and a change of zoning laws have allowed Cats to turn this once terrifying spot into the building site of 4 residential skyscrapers with retail stores on the ground floor. Not a bad deal for a piece of property purchased for under a million dollars says the understatement of the century.
Learn more about Catsimatidis’ development project here
By Diane Pham, Mon, May 19, 2014
Downtown Brooklyn is booming across the board, and buyers are keen to get in on the changes afoot. Five months after hitting the market, Brooklyn’s tallest tower is filling out fast, with half of the units now leased. The SLCE Architects-designed residential skyscraper at 388 Bridge Street rises 590 feet, with 234 rentals and 144 are condominiums spread across 53 stories. The Stahl Organization, who developed the building, says that units are going at a rate of about one per day. 90 apartments remain, and prices range from $2,700 per month for a studio to $6,290 for a two-bedroom apartment.
[Via The Real Deal]
Image via Brooklyn Eagle