Real Estate Trends

New transparency bill would make it harder for international elites to hide behind LLCs in NY

Photo of NYC’s Billionaires’ Row in 2020: Wikimedia commons

March 1, 2022

New transparency bill would make it harder for international elites to hide behind LLCs in NY

By Michelle Cohen

State Sen. Brad Hoylman and Assembly Member Emily Gallagher on Tuesday introduced legislation that would help shine a light on the money behind Limited Liability Companies (LLCs) and anonymous shell companies. The new bill would help uncover assets of international oligarchs, trace tax evaders and help hold bad landlords accountable by requiring LLCs to disclose to the NYS Department of State the names and addresses of their beneficial owners.
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$4M Tribeca loft offers privacy and plenty of room for living

Photo credit: Yale Wagner for Sotheby’s International Realty

March 1, 2022

$4M Tribeca loft offers privacy and plenty of room for living

By Michelle Cohen

For anyone who dreams of loft living but wants modern condo convenience and privacy, this freshly renovated Tribeca loft in the Sugar Warehouse at 79 Laight Street should hit a sweet spot. For $3,995,000 you get a private elevator landing, three well-distanced bedrooms, a huge entertaining space, and sparkling new finishes in an authentic, historic loft frame.
More modern loft goodness, this way

Manhattan borough president calls for seizure of Russian oligarchs’ NYC properties

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

February 28, 2022

Manhattan borough president calls for seizure of Russian oligarchs’ NYC properties

By Michelle Cohen

High-profile sales deals with wealthy Russian buyers have made headlines–Dmitry Rybolovlev's $88 million condo buy at 15 Central Park West, for example–and Manhattan's trophy condos have been seen as a safe investment for Russian oligarchs. But since Russia's invasion of Ukraine, there have been calls to seize those properties, The Real Deal reports.
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A lofted upper level gives this $2.75M Chelsea condo extra living space

Photo credit: Scott Wintrow for The Corcoran Group

February 25, 2022

A lofted upper level gives this $2.75M Chelsea condo extra living space

By Michelle Cohen

This two-bedroom condo at 121 West 20th Street, asking $2,750,000, has classic Manhattan loft details like 15-foot ceilings, oversized windows, and cast-iron columns. A lofted mezzanine provides the second bedroom, plus office space and closets, and a new renovation adds a sleek kitchen, designer fixtures and finishes, and contemporary convenience.
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Jon Bon Jovi finds a buyer for $22M Greenwich Village condo

Photo credit: COMPASS / Shannon Dupré

February 24, 2022

Jon Bon Jovi finds a buyer for $22M Greenwich Village condo

By Devin Gannon

Just a few weeks after hitting the market, the four-bedroom Greenwich Village home of musician Jon Bon Jovi has sold for $22 million. The New Jersey native listed his corner condo unit at the Greenwich Lane building earlier this month. As CityRealty reports, the apartment fetched the asking price.
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See the luxury condo towers coming to one of Greenpoint’s remaining waterfront parcels

Images courtesy of SERHANT. New Development. Renderings by Christian Eriksson, Redundant Pixel

February 23, 2022

See the luxury condo towers coming to one of Greenpoint’s remaining waterfront parcels

By Aaron Ginsburg

A new luxury residential project is set to rise on one of Greenpoint's few remaining vacant waterfront parcels. First spotted last month by CityRealty, The Huron is a two-tower condo development featuring 171 units ranging from studios to four bedrooms. Developed by Quadrum Global, the two towers boast eight exposures that maximize waterfront views and 30,000 square feet of amenity space, including an indoor saltwater pool overlooking the Manhattan skyline.
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The contemporary curves of this $15.3M Village condo hold a family-sized home

Photo credit: Tim Waltman/Evan Joseph Images

February 22, 2022

The contemporary curves of this $15.3M Village condo hold a family-sized home

By Michelle Cohen

This 4,535-square-foot pre-war corner condo at 65 West 13th Street in Greenwich Village has the stylish contemporary lines of a gallery and the 12-foot ceilings of a loft, with sweeping city views. A renovation designed by Workshop/APD created a perfect canvas for an art collection–and a sprawling refuge for family living. Thanks to four bedrooms in separate wings, a playroom, den, and laundry room, living in the city doesn't have to mean giving up space–though it does mean parting with $15,300,000.
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Paul McCartney sells Fifth Avenue apartment for $8.5M, at a $7M loss

Street view of 1045 Fifth Avenue © 2022 Google

February 18, 2022

Paul McCartney sells Fifth Avenue apartment for $8.5M, at a $7M loss

By Michelle Cohen

Ex-Beatle Paul McCartney has just sold his Upper East Side co-op at 1045 Fifth Avenue for $8.5 million, The Real Deal reports. Sir Paul and his wife, Nancy Shevell, purchased the four-bedroom co-op in 2015 for $15.5 million. The duplex penthouse overlooking the Central Park reservoir was first listed in June for $12 million, then received another cut before going into contract in October.
More on this mid-century modern gem

$2.8M Dumbo loft solves work-life balance with side-by-side home offices

Photo courtesy of The Corcoran Group

February 15, 2022

$2.8M Dumbo loft solves work-life balance with side-by-side home offices

By Michelle Cohen

In the iconic Clocktower Dumbo at 1 Main Street, this 1,655-square-foot loft condo is the perfect home base for your life and your work. The $2,825,000 one-bedroom-plus loft boasts two separate compact office spaces, a flex room that's large and lined with closets, and plenty of storage throughout, in addition to a huge kitchen-dining-living room and a gracious primary suite. For inspiration, large steel-framed windows offer the neighborhood's unbeatable views of the Brooklyn Bridge, East River, and Manhattan skyline.
A very short commute, this way

New York City’s housing experts have a wish list for Mayor Adams

Mayor Eric Adams announces his housing leadership team in the rotunda at City Hall on Sunday, January 30, 2022. Michael Appleton/Mayoral Photography Office via Flickr.

February 14, 2022

New York City’s housing experts have a wish list for Mayor Adams

By Michelle Cohen

Shortly after taking office last month, New York City Mayor Eric Adams introduced the team that will take the lead on affordable housing strategy, headed by Jessica Katz as the city’s chief housing officer. The announcement came not a moment too soon; rents and home prices continue to rise beyond the reach of many, while homelessness and eviction threats are a growing concern. In a city where the topic of housing is never far from view every day, New Yorkers are looking to the new mayor to address the issues they feel must change. 6sqft asked individuals and organizations involved in the city's housing and real estate sectors to offer an important "wish list" item they would like to see Adams address during his time in office.
A housing wish list from NYC to Mayor Adams, this way

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See inside two Upper East Side penthouses designed by Deborah Berke

February 10, 2022

See inside two Upper East Side penthouses designed by Deborah Berke

By Michelle Cohen

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

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

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.
Tour the loft

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

Image credit: March

January 18, 2022

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

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

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