Real Estate Trends

February 10, 2022

See inside two Upper East Side penthouses designed by Deborah Berke

Two Yorkville penthouses at 40 East End Avenue, designed by renowned architect and Yale School of Architecture Dean Deborah Berke, are ready to entice Upper East Side buyers with dazzling views, sprawling spaces, and luxurious finishes–not to mention the Lightstone building's impressive amenities. Asking $12,935,990, Penthouse 15 is a 3,645-square-foot full-floor residence with 850 square feet of amazing wrap-around terrace space. For $9,985,990, Penthouse 17 spans 3,237 square feet with a few terraces of its own. Both have four bedrooms, direct elevator access, white oak flooring, and skyline views.
Dazzling penthouse views this way

With $50M redevelopment, MetroTech Center will become ‘Brooklyn Commons’

Rendering courtesy of Brookfield Properties

February 8, 2022

With $50M redevelopment, MetroTech Center will become ‘Brooklyn Commons’

By Aaron Ginsburg

Brookfield Properties today announced the rebranding of the MetroTech Center in Downtown Brooklyn to Brooklyn Commons. The $50 million redevelopment project aims to modernize the property through the renovation of several of the office buildings within the campus, upgrades to the central public park space, and a year-round arts and event program that will be free and open to the public.
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Real Estate Trends

Penthouse at 15 Hudson Yards hits rental market for $70K/month, a new record for the neighborhood

Photo courtesy of Rich Caplan. Image is virtually staged

February 4, 2022

Penthouse at 15 Hudson Yards hits rental market for $70K/month, a new record for the neighborhood

By Aaron Ginsburg

A never-lived-in-before luxury penthouse in Hudson Yards has been listed for $70,000/month, a record-breaking asking rent for the neighborhood. The four-bedroom, five-bathroom apartment is on the 87th floor of 15 Hudson Yards, a 914-foot-tall tower designed by Diller Scofidio + Renfro. Measuring over 5,000 square feet, the unit is one of the largest residences in Hudson Yards. The massive apartment is the result of combining two units, 87C and 87D, which were purchased by the same private buyer pre-construction, combined, and renovated. The previous most expensive rental in the area was last asking $32,000/month.
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Enjoy effortless brownstone living at this $2.15M Cobble Hill condo

Images courtesy of Rachel Guzma/REPN for The Corcoran Group

February 4, 2022

Enjoy effortless brownstone living at this $2.15M Cobble Hill condo

By Michelle Cohen

All the work has already been done inside this pristine home within a 25-foot-wide historic Cobble Hill brownstone at 211 Warren Street. The two-bedroom, two-bath condominium, asking $2,150,000, has carefully-chosen fixtures and finishes, plenty of closet space, gracious rooms, central air, and a washer/dryer.
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$5.7M penthouse sale sets new record in Jersey City

Exterior of 75 Park Lane Jersey City (Photo: Business Wire)

February 1, 2022

$5.7M penthouse sale sets new record in Jersey City

By Devin Gannon

Jersey City has a new most expensive condo. A four-bedroom, four-and-a-half-bath penthouse at 75 Park Lane closed for $5,700,000, Strategic Capital, the developer of the high-rise, announced on Tuesday. This sale takes the title from the previous record-holder in the city, 99 Hudson Street, where a penthouse sold for $4,438,500 last October.
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Real Estate Trends

For $4M, an Upper East Side condo with a designer pedigree

Photo credit: Tim Waltman

February 1, 2022

For $4M, an Upper East Side condo with a designer pedigree

By Michelle Cohen

Situated a block from Central Park, this four-bedroom condo at the aptly-named Gatsby at 65 East 96th Street is a design vision at every turn. Asking $4 million, it's the epitome of classic pre-war style, offering not just four bedrooms and three and a half baths, but also a spacious separate living room, dining room, library, a home office, and formal entry foyer. According to Mansion Global, this sprawling combination of two adjacent units is currently owned by designers Gina and James de Givenchy. The latter is the nephew of Hubert de Givenchy, who founded the fashion house that bears his name.
More gorgeous Givenchy pad, this way

Photo credit: Coldwell Banker Warburg

January 26, 2022

$8.25M Lincoln Square condo has designer dazzle, celebrity cachet, and skyline views

By Michelle Cohen

Measuring over 3,000 square feet, this four-bedroom Lincoln Square condo at the Pelli Clarke Pelli-designed One West End Avenue is currently owned by eight-time Grammy winner Philip Lawrence and his wife, Urbana Lawrence, a celebrity designer/stylist. Now on the market for $8,250,000, the condo's dazzling interior was created by L.A.-based designers Patrick Dragonette and Charles Tucker, with views courtesy of New York City.
More designer dazzle, this way

This $4.25M Tribeca duplex loft comes with possibilities and planted terraces

Photo credit: REPN/Rachel Kuzma for The Corcoran Group

January 25, 2022

This $4.25M Tribeca duplex loft comes with possibilities and planted terraces

By Michelle Cohen

Asking $4,250,000, this duplex condo at 55 Vestry Street is a classic Tribeca loft with outdoor space on two floors and a flexible floor plan–if you're willing to do a bit of work. Although it's currently configured as a one-bedroom, the 2,029-square-foot loft was originally a spacious three-bedroom apartment; it can be easily returned to that layout using the already-existing floor plans.
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Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

Via Vornado Realty Trust and Robert A.M. Stern Architects

January 24, 2022

Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

By Devin Gannon

Earlier this month it was reported billionaire Daniel Och sold his penthouse at 220 Central Park South for $190 million, roughly double what he paid for the home in 2019. While the identity of the buyer was unknown at the time, city records first reported last week by Bloomberg show Blue Pool Capital, the firm that manages some fortunes of Alibaba co-founders Joe Tsai and Jack Ma, paid $188 million for the property.
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Real Estate Trends

Sliding glass walls meet outdoor spaces in this $10.8M penthouse atop Chelsea’s Jardim condo

Photo courtesy of Evan Joseph/Douglas Elliman

January 24, 2022

Sliding glass walls meet outdoor spaces in this $10.8M penthouse atop Chelsea’s Jardim condo

By Michelle Cohen

In addition to being Brazilian architect Isay Weinfeld’s first New York commission, the pair of buildings known as Jardim, at 527 West 27th Street, make up an architecturally unique West Chelsea oasis. The development, which launched sales in 2016, features two 11-story buildings clad in cast-concrete interspersed with ribbons of glass. Its highlight–and name inspiration–is a verdant multi-level courtyard designed by Future Green Studio. Located in the building's loftiest reaches, this 3,663-square-foot duplex penthouse, asking $10,800,000, offers seamless indoor/outdoor living in addition to three bedrooms and interiors designed by the building's architect.
Penthouse views through sliding glass, this way

$19.5M Dumbo penthouse is Brooklyn’s priciest listing

By Michelle Cohen

Asking $19.5 million, this just-listed penthouse at new condo tower Olympia Dumbo is currently Brooklyn's most expensive listing. If the five-bedroom condo at 30 Front Street fetches the asking price, it will be among the borough's most expensive sales ever. The record for Brooklyn's priciest property sale currently belongs to the Brooklyn Heights townhouse at 8 Montague Terrace which sold for $25.5 million last year, followed by a $20.3 million Quay Tower penthouse on the Brooklyn Heights waterfront. The new listing also brings the big-ticket crown to Dumbo.
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Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

220 Central Park South. Photo by Jim.henderson (cropped) via Wikimedia Commons.

January 14, 2022

Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

By Devin Gannon

Billionaire Daniel Och has sold his penthouse at 220 Central Park South for an astounding $190 million, nearly double the amount he paid for the home in 2019. As first reported by the Wall Street Journal, the sale marks one of the most expensive deals ever in New York. The buyer has not been disclosed.
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Real Estate Trends

Justin Timberlake sells Tribeca penthouse for $29M

443 Greenwich; Photo by Jim.henderson on Wikimedia

January 11, 2022

Justin Timberlake sells Tribeca penthouse for $29M

By Michelle Cohen

According to city records, Justin Timberlake has sold his 5,400-square-foot condo at 443 Greenwich Street for $29 million in an off-market sale at the end of December, the Wall Street Journal reports. Timberlake and wife Jessica Biel purchased the unit atop the celebrity-packed building in 2017 for $20.2 million.
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Donald Trump’s niece Mary Trump buys $7M condo at 565 Broome in Soho

Photo by Adrian Gaut /Edge Reps

January 10, 2022

Donald Trump’s niece Mary Trump buys $7M condo at 565 Broome in Soho

By Michelle Cohen

Mary Trump, Donald Trump's niece and author of the memoir “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” recently bought a 2,250-square-foot three-bedroom unit at the Renzo Piano-designed condominium building at 565 Broome Street for $7 million, as the Wall Street Journal reports. The 2020 book, which delves into the Trump family's background, has sold more than a million copies.
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Photo credit: David Paler for The Corcoran Group

January 7, 2022

This $8.975M Soho penthouse is a private garden retreat with a hot tub and an outdoor kitchen

By Michelle Cohen

Surrounded by a 1,344-square-foot network of lushly landscaped terraces–including a rooftop with a hot tub, outdoor kitchen, shower, and pergola–this duplex penthouse at 15 Renwick Street in Hudson Square feels like a garden in the sky. Asking $8,975,000, the 2,859-square-foot duplex has floor-to-ceiling windows and a windowed kitchen to gaze at the greenery.
Tour this indoor-outdoor paradise

$4.2M penthouse condo sets sale record in Hoboken

Photo courtesy of Douglas Elliman

January 5, 2022

$4.2M penthouse condo sets sale record in Hoboken

By Michelle Cohen

A penthouse at the Hudson Tea Building at 1500 Hudson Street has set a new record for Hoboken, New Jersey condo sales. The three-bedroom, three-bath home just sold for $4.2 million, the city's priciest condo sale ever. The newly-renovated loft–a two-unit combo–spans 2,820 square feet with direct New York City skyline views in three directions. A previous Hoboken record was held by Eli Manning's 2018 sale in the same building. The Giants quarterback sold his three-bedroom pad in the waterfront loft building for $3.55 million.
This is what $4.2M in Hoboken looks like

Real Estate Trends

$850M South Street Seaport project gets final approval

Photo credit: The Howard Hughes Corporation/SOM

January 5, 2022

$850M South Street Seaport project gets final approval

By Devin Gannon

The Howard Hughes Corporation last week got the official go-ahead from the city to build a mixed-use tower on a parking lot in the South Street Seaport. Originally proposed as a 1,000-foot-tall tower, the plan for 250 Water Street has changed many times over the last few years due to feedback from community groups and local officials, with the final result being a 324-foot-tall tower with roughly 270 apartments. The $850 million project is expected to break ground this year following remediation of the site.
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For $2.8M this newly-minted Brooklyn duplex has four bedrooms, a private terrace and parking

Photo credit: DD Reps

January 5, 2022

For $2.8M this newly-minted Brooklyn duplex has four bedrooms, a private terrace and parking

By Michelle Cohen

Here's an opportunity to live in the classic, historic Brooklyn neighborhood of Carroll Gardens while getting the benefits of new construction. Asking $2,825,000, this duplex condo at 480 Degraw Street boasts four bedrooms, two and a half baths, a spacious private terrace, and amenities like a parking garage and a pet spa.
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Photo by Daniel Lee on Unsplash

January 4, 2022

Manhattan housing market makes record rebound to close out 2021

By Devin Gannon

New York City real estate made a major comeback to close out 2021, experts say. According to a new report from Compass, condo and co-op sales volume hit $7 billion in the last quarter of the year, the highest of any fourth quarter on record. More than 3,400 apartments were sold in this quarter, between October 1 and December 31, up 79 percent from the previous year and the highest total in a Q4 since 2013. After Covid crippled much of the market in 2020, 2021 saw an impressive turnaround in Manhattan, particularly with the sales of luxury properties, new development condos, and townhouses.
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This $4.5M penthouse has the breathtaking bridge and Manhattan skyline views you only get in Dumbo

Photos courtesy of Douglas Elliman

January 4, 2022

This $4.5M penthouse has the breathtaking bridge and Manhattan skyline views you only get in Dumbo

By Michelle Cohen

Asking $4,500,000, this penthouse loft condo sits atop the Sweeney Building at 30 Main Street in Dumbo. The 1,887 square-foot loft has three bedrooms and 18 windows for taking in panoramic, unobstructed views of the East River, bridges, and city skylines. But the most coveted perk may be the huge private terrace where said views can be enjoyed outdoors.
Wait til you see the roof deck

For $1.8M, a charming Clinton Hill duplex with a two-level backyard and a downstairs rec room

Photos courtesy of Douglas Elliman

December 27, 2021

For $1.8M, a charming Clinton Hill duplex with a two-level backyard and a downstairs rec room

By Michelle Cohen

Asking $1,825,000, this airy duplex garden condo at 260 Greene Avenue in Clinton Hill has two official bedrooms and two and a half baths. A sunny backyard spans both levels, serving as an outdoor extension of a lower-level rec room. Known as Copper House, the new-construction condominium residence was completed in 2014.
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Former Fort Greene home of Notorious B.I.G. sells for $2M

All photos courtesy of Compass

December 21, 2021

Former Fort Greene home of Notorious B.I.G. sells for $2M

By Devin Gannon

After just over three months on the market, the Fort Greene home that once belonged to the late rapper Notorious B.I.G. sold last week for $2,000,000, as the New York Post first reported. Located at 159 Carlton Avenue, the two-bedroom duplex sits within a former stable building and underwent a major renovation by the current owner, a well-known costume designer. The home, which is where Biggie lived when he released his iconic 1994 album "Ready to Die," was listed for $1,700,000 in September.
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All renderings: James Corner Field Operations and BIG- Bjarke Ingels Group

December 20, 2021

Plan for Bjarke Ingels-designed high-rises and public beach in Williamsburg is approved

By Devin Gannon

Two massive high-rise towers with over 1,000 apartments and a resilient waterfront public park are officially coming to Williamsburg. The New York City Council last week voted to approve River Ring, a development planned for River Street between North 1st and North 3rd Streets on the Brooklyn waterfront. Developed by Two Trees Management, the project includes two mixed-use buildings designed by Bjarke Ingels Group that will hold 1,050 units of housing, with 263 of them priced below market rate, as well as a new YMCA and public park. Construction is expected to begin in 2024.
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NYC’s first net-zero community moves forward in Far Rockaway

Image courtesy of Local Office Landscape/Bernheimer Architecture

December 17, 2021

NYC’s first net-zero community moves forward in Far Rockaway

By Aaron Ginsburg

After more than 40 years of planning, the construction of New York City's first net-zero community is moving forward. L+M Development Partners, the Bluestone Organization, and Triangle Equities have agreed on $30.3 million in financing, signaling the beginning of phase one of Arverne East, a sustainability-focused, mixed-use development project in Far Rockaway. The project will bring 1,650 new units of housing, with 80 percent of them affordable, to a 116-acre oceanfront site that has been vacant for more than four decades.
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City Council approves massive Grand Hyatt redevelopment project at 175 Park Avenue

Rendering by Ekoomedia, Inc. / Courtesy of Skidmore, Owings & Merrill

December 16, 2021

City Council approves massive Grand Hyatt redevelopment project at 175 Park Avenue

By Michelle Cohen

The New York City Council voted on Wednesday to allow the proposed development at the site currently occupied by the Grand Hyatt Hotel at 175 Park Avenue. New Greater East Midtown zoning rules permit developers to construct supersized towers if they are accompanied by hefty contributions to transit and public amenities. In addition to the construction of a 2.1-million-square-foot, 1,575-foot-high building with retail and office space, a new 500-room hotel, a sky lobby, a lounge, and a restaurant, the site will include 25,000 square feet of elevated, publicly accessible terraces that will host cultural and arts events. The project also promises to bring hundreds of millions of dollars in transit improvements.
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