Real Estate Trends

Upper West Side condo tower that replaced century-old synagogue reveals new looks

Renderings courtesy of ODA for Landsea Homes and Leyton Properties

October 28, 2020

Upper West Side condo tower that replaced century-old synagogue reveals new looks

By Devin Gannon

New renderings of the Upper West Side condo tower that replaced one of New York City's oldest synagogues were revealed this week. In 2017, Congregation Shaare Zedek sold its synagogue at 212 West 93rd Street to developers Leyton Properties and Landsea Homes. Some local residents and preservation groups opposed the sale and pushed for the nearly 100-year-old building to be landmarked, but their efforts fell short. Now as the project nears completion, we're getting an updated preview of the 14-story mixed-use condo designed by Eran Chen's ODA New York and a peek inside its 20 luxury residences, 70 percent of which will have private outdoor space.
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See inside the ‘bubble’ apartments at the High Line’s new Lantern House condo

All photos by Colin Miller unless otherwise noted

October 27, 2020

See inside the ‘bubble’ apartments at the High Line’s new Lantern House condo

By Devin Gannon

While we've been following the progression of Thomas Heatherwick's first residential project in the United States from its unique exterior, new photos are providing a first peek inside the bubbles. Located at 515 West 18th Street, Lantern House features two condo towers that straddle the High Line in Chelsea, one rising 10 stories and the other 22 stories, both with facades designed to resemble a lantern. Ahead, see the model home designed by staging experts ASH NYC, which was able to complement the building's unique architecture with a mix of bold, contemporary furniture and vintage details.
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$1.4B South Street Seaport proposal includes two mixed-use towers with affordable units

All renderings courtesy of The Howard Hughes Corporation/SOM

October 22, 2020

$1.4B South Street Seaport proposal includes two mixed-use towers with affordable units

By Devin Gannon

The Howard Hughes Corporation on Thursday unveiled its latest effort to redevelop the South Street Seaport neighborhood. The $1.4 billion proposal includes the construction of two 470-foot towers which would contain rentals, condos, and office space on a parking lot at 250 Water Street. Initial plans from the developer called for a single tower that would rise nearly 1,000 feet, but local residents and Community Board 1 opposed it. Designed by Skidmore, Owings & Merrill, the two towers would include 360 units, with at least 100 apartments set aside for families earning 40 percent of the area median income. It would be the first affordable housing built in the community under the city's Mandatory Inclusionary Housing program.
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Susan Sarandon sells her Chelsea duplex for $7.9M asking price

Photos: Eitan Gamliely for Sotheby’s International Realty

October 21, 2020

Susan Sarandon sells her Chelsea duplex for $7.9M asking price

Just three months after listing her massive Chelsea duplex for $7.9 million, Academy Award-winning actress Susan Sarandon has sold her long-time home for its full asking price. Located at 147 West 15th Street, the 6,000-square-foot co-op is spread over two floors and has six bedrooms, four exposures including views of the World Trade Center and Empire State Building, and an outdoor terrace and balcony. Over the summer, Queens-native Sarandon told the Wall Street Journal that she isn't leaving the city just downsizing to a smaller apartment in the area. "I’ve always been a New Yorker and I’ll continue to be a New Yorker," she said.
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See inside the carefully-curated residences at Brooklyn’s tallest tower

October 16, 2020

See inside the carefully-curated residences at Brooklyn’s tallest tower

By Devin Gannon

From its sky-high outdoor infinity pool to the chic interior finishes designed by Katherine Newman, no details were overlooked at Brooklyn Point, the 720-foot residential tower in Downtown Brooklyn. After topping out last spring, officially becoming the borough's tallest tower, and commencing closings and first move-ins this summer, new photos of the building's model unit were released in September, which show off the eclectic interiors by designer Charlie Ferrer.
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Lower East Side’s glassy new condo 150 Rivington has a rooftop with a fireplace and city views

Photo by Gluck+

October 15, 2020

Lower East Side’s glassy new condo 150 Rivington has a rooftop with a fireplace and city views

By Devin Gannon

Once an enclave for immigrants and the working class, and later a haven for artists, the Lower East Side's evolution continues into the 21st century as a destination for luxury developments. While major projects like the Essex Crossing mega-development and One Manhattan Square have hogged the spotlight, more modest new buildings are also making their mark on the neighborhood, including 150 Rivington. The approachable seven-story apartment building boasts a modern glassy facade, contains 45 condo units, and a cozy landscaped rooftop with an outdoor kitchen, fireplace, and endless city views.
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First look at New York City’s largest private outdoor garden at One Manhattan Square

All photos courtesy of Evan Joseph

October 9, 2020

First look at New York City’s largest private outdoor garden at One Manhattan Square

By Devin Gannon

New photos of the sprawling outdoor space at condo tower One Manhattan Square were released this week, providing a first peek at what developers say is the largest private garden in New York City. Designed by landscape architecture firm West 8, the green space measures 45,000 square feet, sits on an incline, and boasts unique features like a furnished adult treehouse and a Japanese-inspired tea pavilion.
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Penthouse at Zaha Hadid’s High Line condo sells for $20M, a 60% cut from original asking price

Photo by Tim Fisher, Courtesy of Related Companies

October 2, 2020

Penthouse at Zaha Hadid’s High Line condo sells for $20M, a 60% cut from original asking price

By Devin Gannon

The triplex penthouse at late architect Zaha Hadid's High Line-hugging condo building has sold for just over $20.2 million, a significant price cut from its initial asking price of $50 million in 2016. Penthouse 37 at 520 West 28th Street measures 6,853 square feet and boasts a massive private rooftop terrace with a glass-walled lounge and enough space for 100 guests. As the Real Deal first reported, the buyer of the apartment is Wesley Edens, co-founder of private equity firm Fortress Investment Group and co-owner of the Milwaukee Bucks.
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Real Estate Trends

There’s a rooftop pool club, a pocket park, and more fun amenities at this new Hell’s Kitchen condo

Renderings by VUW studios

October 1, 2020

There’s a rooftop pool club, a pocket park, and more fun amenities at this new Hell’s Kitchen condo

The West is a new condo in Hell's Kitchen, and though it was designed pre-pandemic, the number of open-air terraces and the super-fun indoor/outdoor amenities make it prime for social distancing. Located at 547 West 47th Street, the 12-story, 219-unit building was designed by Amsterdam-based firm Concrete and is currently under construction with move-ins expected to begin in the spring of next year. Among the 25,000 square feet of amenities are a rooftop pool club with BBQ grills, a pocket park, a dog run, a freestanding library, and two guest suites for when visitors come to town.
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These neighborhoods had the biggest rent drops since March

Fifth Avenue and East 75th Street; Photo by Eden, Janine, and Jim on Flickr

September 28, 2020

These neighborhoods had the biggest rent drops since March

By Devin Gannon

Since the beginning of the coronavirus pandemic in March, rental prices in Manhattan have dropped by 24 percent. While the market is slowly recovering on the island, with asking rent slightly up over the last month, new data from CityRealty shows which neighborhoods are still reeling from the state-mandated lockdown and overall financial impact of the health crisis. According to the report, the Manhattan neighborhoods that experienced the largest drop in rental prices between March and September include the Upper East Side, specifically part of the southern portion of Fifth Avenue from 59th to 79th Street, and Noho.
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Popular Articles

ODA Architects bring their signature boxy aesthetic to new 14th Street condo

Renderings via ODA Architecture

September 17, 2020

ODA Architects bring their signature boxy aesthetic to new 14th Street condo

ODA Architecture has made its mark all over the city, and it's easy to tell when a project bears their name thanks to the firm's signature boxy aesthetic, often filled with cantilevers and stacked volumes. Their latest project--a boutique condo at 101 West 14th Street--is no exception. The mixed-use development on the corner of Sixth Avenue features 44 residential units, half of which will be duplexes, as well as retail space at street level.
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Morris Adjmi’s mixed-use towers top out in Dumbo

Rendering by Williams New York

September 16, 2020

Morris Adjmi’s mixed-use towers top out in Dumbo

By Devin Gannon

Architect Morris Adjmi's latest residential project officially topped out in Dumbo last month. A former parking lot, 85 Jay Street is now home to two sleek 21-story towers comprised of residential units and space for retail. Dubbed Front & York, the complex will bring a mix of 728 condo and rental units to a full block in the neighborhood when it opens next year, making it one of the largest developments in Dumbo. Current availability for the condos ranges from a one-bedroom for $965,000 to a four-bedroom penthouse for $7.85 million.
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Inside the amenity spaces at Long Island City’s supertall Skyline Tower

Image credit: Binyan Studios, courtesy of Modern Spaces

September 15, 2020

Inside the amenity spaces at Long Island City’s supertall Skyline Tower

New York City's tallest building outside Manhattan topped out a year ago and is set to commence closings and move-ins this December. Located in Long Island City's Court Square section, Skyline Tower is a 778-foot luxury condo tower with 800 units, with current availabilities ranging from a $739,000 studio to a $2.5 million three-bedroom. And when the new tenants move in this winter, they'll be able to enjoy amazing amenities, including a 75-foot indoor pool, a pet spa, and a fully equipped gym.
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$66M triplex penthouse at 111 West 57th Street sits 900 feet above Central Park

Penthouse 72 Loggia, courtesy of 111 West 57th Street

September 11, 2020

$66M triplex penthouse at 111 West 57th Street sits 900 feet above Central Park

By Devin Gannon

Two new impressive units just hit the market at New York City's most slender supertall. At 111 West 57th Street, a three-level, four-bedroom penthouse with over 7,000 square feet of interior space and an additional 1,367 square feet in private outdoor space with picture-perfect views over Central Park has hit the market for $66 million. And a duplex with three bedrooms and unobstructed park views is now asking $39.5 million. The latest multi-million dollar listings at the Billionaires' Row tower come after two $30 million units sold earlier this summer during the coronavirus shut down, giving a boost to the city's nearly stagnant luxury market.
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Over the last four years, sale prices at Trump-branded condos dropped by 25 percent

Photo by Loozrboy on Flickr

September 10, 2020

Over the last four years, sale prices at Trump-branded condos dropped by 25 percent

By Devin Gannon

While some of Donald Trump's family businesses have managed to profit from his presidency, his condo buildings in New York City continue to see significant price drops. According to a new report from CityRealty, owners of apartments at Trump-branded buildings in the city are "eager to get out," even willing to take a significant loss on their properties. From 2016 to 2020, overall closing sales prices at nine Trump-branded condos dropped by 25 percent, according to CityRealty's index tracking prices at Manhattan buildings owned by the Trump Organization.
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Real Estate Trends

NJ’s American Dream mall will reopen October 1

Rendering courtesy of Triple Five Group

September 4, 2020

NJ’s American Dream mall will reopen October 1

By Devin Gannon

New Jersey's American Dream megamall will reopen its doors next month after shuttering for six months because of the coronavirus pandemic. Earlier this summer, the mall's future looked bleak, with developer Triple Five Group missing mortgage payments and multiple tenants leaving the site. But with American Dream's indoor ski park officially running again and retail stores and attractions set to reopen on October 1, the mall's luck may be turning around.
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Real Estate Trends

Inside a new luxury Upper West Side condo located on a hidden cul-de-sac

Model residence at 350 West 71st Street; photos courtesy of MW Studio/ Nina Poon

August 24, 2020

Inside a new luxury Upper West Side condo located on a hidden cul-de-sac

By Devin Gannon

The condo building at 350 West 71st Street manages to maintain its historic allure while providing residents all of the perks of modern living. Designed by DXA Studio, the seven-story development on the Upper West Side measures just 75,000 square feet, but still packs in an impressive amenity package, including a library, fitness center, playroom, and large landscaped rooftop with grill and lounge areas. The boutique building sits within the West 71st Historic District, designated 30 years ago for its uniqueness as a tree-lined cul-de-sac and the distinct Beaux-Arts architecture found across the properties.
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New condo at East Village gas explosion site launches sales from $1.35M

All renderings by VUW

August 24, 2020

New condo at East Village gas explosion site launches sales from $1.35M

It's been five-and-a-half years since the buildings at 119, 121, and 123 Second Avenue were destroyed in a deadly gas explosion caused by an illegal tap into the gas main. The corner site at 45 East 7th Street now has a new life as a boutique condo by architect Morris Adjmi who, in his firm's trademark, designed a building sympathetic to its surroundings. Dubbed No45e7, the 21-unit East Village building just launched sales, which range from $1.35 million one-bedrooms to $4 million two- and three-bedrooms, along with an $8.3 million penthouse. A major perk of the project is that each apartment has its own private terrace.
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New York City’s top 30 condos

August 20, 2020

New York City’s top 30 condos

From supertall new developments and projects by some of the world's most famous architects to historic landmarks brought into the 21st century, 6sqft has rounded up the best condo buildings in New York City. Ahead, find out which condominiums made the list and what you can expect in terms of views, amenities, neighborhood, and more.
Read on for a guide to the city's top condo addresses

This Hudson Valley town has the fastest-rising real estate prices in the country

Photo by Paul VanDerWerf via Flickr cc

August 13, 2020

This Hudson Valley town has the fastest-rising real estate prices in the country

Kingston, New York has been called the Hudson Valley's "creative capital." As Brooklyn Based explained, from the 1950s to the '90s, it was home to a massive IBM campus, but the Catskills town grew increasingly vacant afterward. In recent years, however, it's seen a resurgence of newcomers thanks to its historic housing stock, relatively low prices, foodie scene, proximity to outdoor activities, and zoning deliberately meant to attract artists. And in the face of the pandemic, these factors have made Kingston a go-to spot for those fleeing New York City. A report by the National Association of Realtors cited in Bloomberg found that Kingston has the fastest rising home prices in the U.S.
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Real Estate Trends

Opulent Beekman Place mansion closes for $38M less than original listing price

Photo credit: Rise Media, Courtesy of Compass

August 12, 2020

Opulent Beekman Place mansion closes for $38M less than original listing price

More than six years ago, this opulent, eight-story mansion at 29 Beekman Place listed for $49.9 million. Just one year later, it dropped to $37.5 million, with another major price chop this April to $11.45 million. First spotted by Crain's, city property records show that the controversial home near the UN has finally closed for $11.5 million. Crain's explains that it was owned by the former princess of Iran, and was the center of a legal battle involving her sister since 2016. It also went into contract three times and fell through.
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Real Estate Trends

Target to open at major mixed-use development in Harlem

BRP Companies

August 12, 2020

Target to open at major mixed-use development in Harlem

By Devin Gannon

A deal to bring the National Urban League back to Harlem was reached last month as part of a mixed-use development project planned for 125th Street. In addition to affordable housing, office space for nonprofits, and the city's first museum dedicated to civil rights, the $242 million project, known as the Urban League Empowerment Center, includes a new 44,000-square-foot Target, as the New York Post first reported.
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Sales launch at new Prospect Park-facing condo tower, from $2.4M

Renderings courtesy of Binyan Studios

August 7, 2020

Sales launch at new Prospect Park-facing condo tower, from $2.4M

By Devin Gannon

A condo building across from Prospect Park in Brooklyn launched sales this week, with two-bedrooms starting at $2.395 million. Located next to landmarked Grand Army Plaza, One Prospect Park West in Park Slope was built in 1925 and once served as a hotel for the Knights of Columbus and later as a senior home. Developer Sugar Hill Capital Partners is converting the historic 10-story building into a luxury condominium with 64 residences with 40 unique floor plans.
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New downtown Jersey City rental will have a ‘Miami-inspired resort’ on its rooftop

Rendering by Pax Brooklyn

August 6, 2020

New downtown Jersey City rental will have a ‘Miami-inspired resort’ on its rooftop

DVORA 175 is a new 148-unit rental building coming to Jersey City, and just like a lot of the luxury rentals springing up in the area, it has a rooftop pool, this one with a "Miami-inspired resort" vibe, according to a press lease. The 14-story building at 175 Second Street is located in what's known as the Powerhouse Arts District, a section of downtown full of old warehouse buildings. Though pricing has not yet been released, leasing will kick off next month with initial occupancy slated for October.
More on the development here

$5.9M penthouse is Asbury Park’s most expensive home ever sold

Rendering courtesy of Binyan Studios

August 6, 2020

$5.9M penthouse is Asbury Park’s most expensive home ever sold

By Devin Gannon

A penthouse in Asbury Park that was listed for $5.9 million just closed, becoming the most expensive home ever sold in the Jersey Shore town. Located at the 17-story Asbury Ocean Club, the duplex penthouse contains four bedrooms, four bathrooms, and boasts roughly 2,300 square feet of outdoor space, which comes in the form of a wrap-around terrace, sunroom, and outdoor kitchen.
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Real Estate Trends

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