Real Estate Trends

Brooklyn Nets point guard Ben Simmons is moving closer to the Barclays Center. The basketball star has entered contract for a combined two-unit apartment at Olympia Dumbo, a new 33-story residential development next to the Brooklyn Bridge. The apartment was listed for $13 million, as the New York Post reported, but the purchase price won't be known until Simmons closes. While the Australian-born NBA star did not play in a single Nets game last season due to an injury, his new home in Dumbo is less than 15 minutes away from the team's home court.
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Proposed $2B mixed-use district with 2,800 new apartments in Astoria moves forward

Renderings by VERO Digital

September 22, 2022

Proposed $2B mixed-use district with 2,800 new apartments in Astoria moves forward

A plan to build a large-scale development with 2,800 apartments in Astoria is moving forward. The City Planning Commission on Wednesday voted in favor of Innovation QNS, a $2 billion mixed-use district proposed for five blocks in the Queens neighborhood, spanning 37th Street to Northern Boulevard, between 35th and 36th Avenues. The project will then head to the City Council for a final vote where it may face resistance from the local representative, Council Member Julie Won, who said she wants at least 50 percent of the apartments to be affordable.
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Bask, bathe, and BBQ in the backyard of this $5.5M Carroll Gardens duplex condo, parking included

Photo credit: Nikola Strbac

September 22, 2022

Bask, bathe, and BBQ in the backyard of this $5.5M Carroll Gardens duplex condo, parking included

Who needs the suburbs when you can park two cars in the garage and invite the whole gang over for a backyard bash with an outdoor kitchen, hot tub, and shower, plus dining and napping space? When the weather cools, there are two levels of indoor space with three bedrooms and a family-friendly layout. Though it feels like two floors of a townhouse, this Carroll Gardens home at 291 Union Street, asking $5,495,000, has condo amenities, too.
Outdoor living in the city, this way

Classic Soho loft living awaits in this $12.5M full-floor condo

Photo courtesy of Serhant

September 21, 2022

Classic Soho loft living awaits in this $12.5M full-floor condo

Sprawling downtown Manhattan lofts, industrial bones intact, aren't that easy to find these days. Asking $12,500,000–a decidedly 21st century price–this classic loft condo at 50 Wooster Street is on the market for the first time in 24 years. Filled with 19th-century charm, the full-floor apartment has the kind of living space–4,600 square feet of it–and the 13-foot ceilings, massive arched windows, and exposed brick that loft lovers crave. In addition, there's a private terrace and four bedrooms, in a cast-iron 1883 building.
Loft envy, this way

Two-tower Greenpoint waterfront condo The Huron reveals pricing and new details

Renderings by Redundant Pixel

September 14, 2022

Two-tower Greenpoint waterfront condo The Huron reveals pricing and new details

If you're interested in buying an apartment at The Huron at 29 Huron Street in Greenpoint, you can now have a better idea of how much you'll need in the piggy bank before listings emerge later this year. The project's website launched on Wednesday, and in addition to pricing, you can catch up on news and check out renderings of the new luxury residential condominium project designed by the internationally-renowned Morris Adjmi Architects.
Prices and more renderings of The Huron, this way

All photos courtesy of Douglas Elliman

September 13, 2022

Step onto the terrace from nearly every room in this elegant $5M Brooklyn Heights penthouse

Filled with eye-pleasing details and surrounded by an abundance of outdoor space for dining, dancing, or enjoying the view, we'd find it hard to leave this three-bedroom Brooklyn Heights penthouse. Asking $4,995,000, the 2,000-square-foot full-floor condo residence at 72 Poplar Street is a study in considered interior design, wrapped by 2,458 square feet of terrace and stunning views of lower Manhattan through walls of oversized windows.
Penthouse tour, this way

First look: This $5M Essex Crossing penthouse has a huge terrace overlooking the Lower East Side

All photos courtesy of Evan Joseph

September 9, 2022

First look: This $5M Essex Crossing penthouse has a huge terrace overlooking the Lower East Side

At the top of a newly-minted CetraRuddy-designed building in a classic downtown Manhattan neighborhood, 6sqft can now share an exclusive first look at a newly-available penthouse atop One Essex Crossing at 202 Broome Street. If you love marble, luxury finishes, outdoor entertaining, and above-it-all views, you'll want to check out this sleek aerie overlooking the Lower East Side. Priced at $4,985,000, it's the headline-stealing 14-story building's last two-bedroom penthouse, with 1,693 square feet of interior space and over 700 square feet of private terrace.
Take the tour

Baz Luhrmann’s Gramercy townhouse hits the rental market for $75K/month

All photos courtesy of Nina Poon/MW Studio for the Corcoran Group

September 8, 2022

Baz Luhrmann’s Gramercy townhouse hits the rental market for $75K/month

Famed director Baz Luhrmann's Gramercy Park townhouse could be yours to rent for $75,000/month. Located at 243 East 17th Street, the six-bedroom home spans five stories and overlooks Stuyvesant Square Park. The extravagant townhouse is also available for purchase. Luhrmann and his wife Catherine Martin first listed the home for $19,995,000 in March but later dropped the price to $18,999,500, as first spotted by the New York Post.
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Boutique Noho condo relaunches sales with stylish $8M duplex

All photos by Allyson Lubow for The Corcoran Group

September 7, 2022

Boutique Noho condo relaunches sales with stylish $8M duplex

Six years and one unit sold later, boutique Noho condo 22 Bond Street relaunched sales last month, with a sleek three-bedroom duplex now on the market. Designed by BKSK Architects, the six-unit luxury building first launched sales in 2016 but residences, all of which are three-bedroom duplexes with private outdoor space, have struggled to sell. Asking $8,000,000, the available apartment measures over 2,900 square feet and has a balcony that overlooks the building's lush multi-level garden.
Take the tour

Tribeca’s historic skybridge building finally sells for $24M

After nearly a decade on the market, a Tribeca home that has its own skybridge has sold for $24,000,000 in an off-market sale. The unusual listing included a townhouse at 9 Jay Street and a separate loft condo at 67 Hudson Street, connected by the famed footbridge suspended over Staple Street. The deal sets a new record for the highest per square foot sale for a townhouse in the neighborhood.
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A Brooklyn Heights penthouse with French flair and panoramic harbor views asks $8.5M

Photo credit: DD Reps/Stribling/Compass

August 24, 2022

A Brooklyn Heights penthouse with French flair and panoramic harbor views asks $8.5M

The penthouse at One Brooklyn Bridge Park at 360 Furman Street owned by Elizabeth Stribling, founder of real estate firm Stribling & Associates, which was sold to Compass in 2019, is for sale for $8,500,000. The Brooklyn Heights condo–a combination of two units adding up to 3,440 square feet–is wrapped on all sides by a terrace and blessed with 360-degree views of New York Harbor, the Manhattan skyline, and the Statue of Liberty. As the Wall Street Journal reports, the home's current owner is a devoted Francophile; French inspirations and old-world European style can be found throughout the home, including salvaged antique French oak herringbone floors, heavy wooden pocket doors, fossilized marble fireplace mantles, a Lacanche range, custom millwork, and a powder room sink inspired by the milk basin in the Palace of Versailles.
Rentrez!

Neil Patrick Harris and David Burtka fetch $6.99M for five-story townhouse, a new record for Harlem

All photos courtesy of Will Ellis / DDreps

August 23, 2022

Neil Patrick Harris and David Burtka fetch $6.99M for five-story townhouse, a new record for Harlem

Neil Patrick Harris and David Burtka sold their Harlem home earlier this year for $6,990,000, setting a new townhouse record for the Manhattan neighborhood. The couple picked up the property at 2036 Fifth Avenue in 2013 for nearly $3,600,000 and conducted a thorough renovation of the historic home, which was constructed in 1908 as a bed and breakfast. The new neighborhood record breaks the one set in April by the home at 32 Mount Morris Park, which sold for $6,400,000.
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Janet Jackson sells her Central Park West home for $8.8M

All photos courtesy of Yoo Jean Han for Sotheby’s International Realty

August 22, 2022

Janet Jackson sells her Central Park West home for $8.8M

Janet Jackson sold her Upper West Side apartment for $8,800,000 last month, slightly below the initial asking price. As the Wall Street Journal first reported, the pop star's three-bedroom condo in the Trump International Hotel and Tower at 1 Central Park West hit the market in April for $8,995,000. Jackson has owned the home since 1998 but has not lived there since the pandemic.
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See inside One Wall Street, the largest office-to-residential conversion in NYC

Photo credit: Evan Joseph for Macklowe Properties

August 17, 2022

See inside One Wall Street, the largest office-to-residential conversion in NYC

A New York City Art Deco landmark is showing off its second act as a luxury residential tower. Once one of New York's tallest office buildings, One Wall Street now boasts a new superlative: the largest office-to-residential conversion in the city's history. Developed by Macklowe Properties, the 566-unit tower sits within the restored former Irving Trust Company Building, designed in 1931 by famed architect Ralph Walker. New images of the residences and innovative co-working space were released this week, providing a first peek inside one of the city's most unique new residential buildings.
See inside

Leasing launches at Bedford Union Armory rental in Crown Heights, studios from $2,875/month

Renderings courtesy of Pax Brooklyn; Photos courtesy of QuallsBenson, unless otherwise noted

August 16, 2022

Leasing launches at Bedford Union Armory rental in Crown Heights, studios from $2,875/month

Leasing launched this week at a new mixed-income rental building that is part of the redeveloped Bedford Union Armory complex in Crown Heights. Located at 1101 President Street, The Arch rises 16 stories, contains 355 rental units, and offers residents amenities like a furnished rooftop, indoor-outdoor gym, and a work-from-home business center. The more than 160 market-rate apartments start at $2,875/month for a studio, $3,212/month for a one-bedroom, $4,514/month for a two-bedroom, and $5,675/month for a three-bedroom, according to the building's website.
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Photo courtesy of The Corcoran Group

August 15, 2022

This $1.9M West Village pre-war condo has all the interior style of a chic design hotel

Situated on a coveted quad of West Village streets on Abingdon Square, 302 West 12th Street has the classic New York City cachet of being a Bing & Bing building. Within the building, this perfect-sized one-bedroom unit, asking $1,875,000, boasts pre-war charm and condominium flexibility enhanced by stunningly chic renovated interiors, from a colorful European-style kitchen to a vintage-modern bath.
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See inside the new theater, music, and culinary spaces at The Towers of the Waldorf Astoria

Photo credit: Noë & Associates / The Boundary

August 10, 2022

See inside the new theater, music, and culinary spaces at The Towers of the Waldorf Astoria

The Towers of the Waldorf Astoria has released a first look inside two new amenities spaces that honor the iconic hotel’s connection to music history and culinary innovation. The Stage & Screen Theater and The Chrysler Room were designed to add to the building's glamorous history while introducing a new era for the celebrated Park Avenue address.
Take a look inside

Hugh Jackman buys penthouse at Jean Nouvel’s Chelsea condo for $21M

All photos courtesy of Douglas Elliman

August 9, 2022

Hugh Jackman buys penthouse at Jean Nouvel’s Chelsea condo for $21M

Australian actor Hugh Jackman has bought a full-floor penthouse in Chelsea for $21,125,000. As first reported by the Wall Street Journal, the four-bedroom condo sits at the top of 100 Eleventh Avenue, an architectural icon designed by renowned architect Jean Nouvel. The penthouse boasts unparalleled 360-degree views of Manhattan and the Hudson River.
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Andy Cohen buys West Village penthouse with two floors of outdoor space, last listed for $18.3M

All photos courtesy of Brown Harris Stevens

August 4, 2022

Andy Cohen buys West Village penthouse with two floors of outdoor space, last listed for $18.3M

TV host Andy Cohen has bought a palatial West Village penthouse that boasts two floors of outdoor space. As first reported by the New York Post, the home sits atop 299 West 12th Street, a 17-story pre-war condominium built by iconic developer Bing & Bing and designed by Emery Roth. The home has nearly 3,000 square feet of interior space, along with roughly 2,000 square feet of terrace space that offers unique unobstructed city and Hudson River views. While it's not yet known what Cohen, who lives on nearby Horatio Street, paid for the three-bedroom apartment, it was last listed for $18.3 million.
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Cara Delevingne buys Jimmy Fallon’s Gramercy penthouse for $10.8M

Photo by Yale Wagner for Sotheby’s International Realty

August 3, 2022

Cara Delevingne buys Jimmy Fallon’s Gramercy penthouse for $10.8M

Supermodel Cara Delevingne purchased Tonight Show host Jimmy Fallon's Gramercy Park penthouse for $10,800,000 in an off-market deal, according to CityRealty and confirmed by property records. Located at 34 Gramercy Park East, the four-unit triplex combo penthouse was last listed for $15,000,000. The colorfully-decorated home has six bedrooms, five bathrooms, and office space, in addition to a number of unique features. Measuring 5,000 square feet across three floors, the residence has a custom staircase that connects all three levels, and even secret passageways, as 6sqft previously reported.
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August 2, 2022

Here are Manhattan’s 10 best-selling residential buildings in Q2 2022

The second quarter of 2022 is expected to be Manhattan's strongest on record due to a surge in the borough's ultraluxury market, according to a market report from CityRealty. While transaction volume decreased 11 percent year-over-year, an increased demand, low inventory, and a small number of new residential developments have caused prices to rise. Between April and June, the average sales price for a residential unit in Manhattan was $2.19 million, up 9 percent from its $2 million average in Q2 of 2021. Ahead, find a round-up of the top 10 residential buildings by aggregate sales in Manhattan during the second quarter of 2022.
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Real Estate Trends

463 affordable units available at luxury LIC rental with sweeping city views and a waterfront park

All renderings courtesy of VUW Studio

August 1, 2022

463 affordable units available at luxury LIC rental with sweeping city views and a waterfront park

At a time when finding an affordable apartment in New York City feels impossible, here’s an opportunity to live in a luxury Long Island City building for less. A housing lottery has launched at Gotham Point, a two-tower mixed-use development in Hunter’s Point South with 1,132 apartments, a majority of which are priced below the market rate. After welcoming its first residents to the South tower this spring, the taller North tower is now accepting applications for 463 rent-stabilized rentals at 1-15 57th Avenue, Long Island City, NY. The 58-story building is open to New Yorkers earning between 30 percent and 165 percent of the area median income (AMI), or between $16,183 and $273,075 annually.*
Find out if you qualify

As rents increase in New York City, so do evictions

Photo courtesy of CityRealty

July 28, 2022

As rents increase in New York City, so do evictions

The number of evictions in New York City has increased every month from January to June, according to new city data. The state's eviction moratorium expired on January 15 after officials extended it several times after it first took effect in March 2020, at the start of the pandemic. The data comes as more bad news for renters, who are facing record-high rents after prices fell early on in the pandemic.
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Apply for 160 affordable units at Bedford Union Armory complex in Crown Heights, from $465/month

Image courtesy of the NYC Department of Housing Preservation and Development

July 21, 2022

Apply for 160 affordable units at Bedford Union Armory complex in Crown Heights, from $465/month