Real Estate Trends

Believe it or not, new apartments in Manhattan are getting bigger. Despite being notorious for its small, compact apartments, Manhattan rentals actually gained an average of 19 square feet since 2013, an increase of 3 percent, according to new data released this week by RentCafe. The borough is an outlier when looking at the rest of the country, where newly constructed units continue to shrink in size, and even compared to other parts of New York City. The average space of new rentals in Brooklyn and Queens decreased by seven percent over the last decade, costing renters roughly 45 square feet.
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Real Estate Trends

Plans unveiled for David Adjaye’s Restoration Plaza revamp in Bed-Stuy

Renderings courtesy of Adjaye Associates

February 17, 2023

Plans unveiled for David Adjaye’s Restoration Plaza revamp in Bed-Stuy

Plans to transform Brooklyn's Restoration Plaza into a global cultural and economic hub were unveiled this week. Non-profit Bedford Stuyvesant Restoration Corporation on Thursday released renderings and new details of its plan to reimagine its headquarters with an 840,000-square-foot mixed-use campus designed by renowned architect Sir David Adjaye. The plan expands and modernizes existing space, adds office and retail space, and creates new public open space in the heart of Bed-Stuy. According to the developer team, the Innovation Campus is a direct response to the country's racial wealth gap, particularly the economic barriers Black New Yorkers face in Brooklyn.
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Take a tour of a duplex penthouse at Jean Nouvel’s tower above MoMA

Image courtesy of Evan Joseph

February 15, 2023

Take a tour of a duplex penthouse at Jean Nouvel’s tower above MoMA

New images of a fully-furnished penthouse atop Pritzker-Prize-winning architect Jean Nouvel's tower 53 West 53 were released this week, showing off the one-of-a-kind duplex apartment's soaring ceiling heights, expansive living spaces, and breathtaking views of Central Park and the city skyline. The four-bedroom, three-and-a-half bathroom penthouse was designed by Fox-Nahem Associates in collaboration with Elle Decor and spans nearly 8,000 square feet across the 76th and 77th floors of the Midtown Manhattan skyscraper. Although this penthouse is not currently on the market, the identical unit above it, Penthouse 78, is available for $64,730,000.
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New York City rents hit record highs in January

Photo by Rachel Martin on Unsplash

February 13, 2023

New York City rents hit record highs in January

Moving during the winter in New York City once meant lower rents and more incentives. But according to a new report from Douglas Elliman and Miller Samuel, rents in the month of January hit, or nearly hit, record highs in Manhattan, Brooklyn, and Queens.
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Real Estate Trends

New Jersey home seen in ‘The Amityville Horror’ sells for $1.5M

Photos courtesy of Motion City Media/ Childers Sotheby’s International Realty

January 30, 2023

New Jersey home seen in ‘The Amityville Horror’ sells for $1.5M

The New Jersey home seen in the 1979 film "The Amityville Horror" has found a buyer. Located in Toms River in Ocean County, the waterfront property at 18 Brooks Road was used as a stand-in in the horror movie for the real-life "haunted" house on Long Island. After first listing for $1.7 million this past September, the four-bedroom home recently closed for $1.46 million.
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Real Estate Trends

Latest luxury rental on the Lower East Side has three floors of ‘micro-units’

All renderings courtesy of Conway and Partners, unless otherwise noted

January 23, 2023

Latest luxury rental on the Lower East Side has three floors of ‘micro-units’

A big new residential development on the Lower East Side is going small. When it opens this spring, the 30-story 55 Suffolk Street will offer three floors of "micro-units," apartments that measure between 315 and 350 square feet and feature space-saving built-in furniture and storage. Developed by the Gotham Organization, the building, dubbed The Suffolk, includes 378 total residences, indoor and outdoor amenities, and a new home for the Chinese-American Planning Council. This week, the building released a teaser site and 6sqft got a first look at the unique new development.
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$10M penthouse at Robert A.M. Stern’s Claremont Hall sets sales record for Morningside Heights

Renderings courtesy of Binyan Studios

January 20, 2023

$10M penthouse at Robert A.M. Stern’s Claremont Hall sets sales record for Morningside Heights

A penthouse at a Robert A.M. Stern-designed tower in Morningside Heights is in contract for $10 million, marking a record for the Manhattan neighborhood. The full-floor residence sits atop Claremont Hall, a 41-story building located within the campus of Union Theological Seminary. Positioned at one of the highest points in the area, Penthouse 41 is a four-bedroom, four-and-a-half-bath home with stunning city, park, and river views.
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Real Estate Trends

NYC’s first all-electric skyscraper tops out in Downtown Brooklyn

Image courtesy of Selvon Ramsawak

January 18, 2023

NYC’s first all-electric skyscraper tops out in Downtown Brooklyn

New York City's first fully electric skyscraper topped out in Downtown Brooklyn this week. The 44-story building 100 Flatbush is part of the first phase of Alloy Block, a mixed-use five-building development designed by Alloy Development to have 850 apartments, 200,000 square feet of office space, and two public schools. 100 Flatbush will contain 441 mixed-income residences, 396 of which will be market-rate rentals and 45 separate affordable residences, and 30,000 square feet of retail space.
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$17.5M penthouse becomes Dumbo’s most expensive sale

Renderings courtesy of March Made

January 17, 2023

$17.5M penthouse becomes Dumbo’s most expensive sale

A penthouse in Dumbo has sold for $17,500,000, becoming the neighborhood's priciest sale on record. The four-bedroom penthouse sits atop the new 33-story waterfront development Olympia Dumbo, which was recently crowned 6sqft's Building of the Year. At $4,102 per square foot, the deal also marks the most expensive condominium sponsor sale concerning price per square foot in Brooklyn.
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Civil rights lawyer William Kunstler’s former Village townhouse sells for $6.5M

The Greenwich Village townhouse of late civil rights attorney William Kunstler sold last month for $6,500,000, according to CityRealty. Kunstler, who famously defended the Chicago Seven, Malcolm X, Adam Clayton Powell, Jr., and others, and his wife, attorney Margaret Ratner Kunstler, paid $225,000 for the townhouse in 1981, as the Wall Street Journal reported. Located at 13 Gay Street, the four-story brick Greek Revival townhouse was built in 1844 and retains the same 19th-century charm of its neighbors.
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Iconic yellow ‘Domino Sugar’ sign returns to Brooklyn

Photo by Wes Tarca

December 21, 2022

Iconic yellow ‘Domino Sugar’ sign returns to Brooklyn

An iconic sign that was part of the Brooklyn skyline for nearly a century has returned to its rightful place. A replica of the 40-foot Domino Sugar sign was installed and fully illuminated this week atop Williamsburg's Domino Sugar Refinery building, which was part of a massive sugar factory that operated from the 1880s to the early 2000s. Located at the 11-acre Domino Sugar redevelopment, the landmarked 19th-century building is currently being transformed into a modern commercial building.
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Photo credit: Brown Harris Stevens

December 7, 2022

For $1M, this tidy West Village railroad pad is cute as pie and has a private back patio

This clean, bright, and utterly charming prewar one-bedroom home is located in the landmarked 1893 Amos Street Condominium at 225 West 10th Street in the heart of Greenwich Village. Located at the back of the building's main floor, above street level, the apartment, asking $1,085,000, features high ceilings, crown moldings, and hardwood floors throughout–and a lovely private patio garden, perfect for informal gatherings any day of the week.
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This Hell’s Kitchen condo offers turn-key residences & resort-like amenities, with homes from $765K

Photo Credit: Ewout Huibers Courtesy of Concrete

December 5, 2022

This Hell’s Kitchen condo offers turn-key residences & resort-like amenities, with homes from $765K

A new luxury condo building in Manhattan wants to make life easier for its residents. The West, located at 547 West 47th Street in Hell’s Kitchen, offers fully-furnished, turn-key residences with curated vintage and designer furniture and accessories. The 12-story building has a selection of different residence packages to fit any personal style, providing a seamless and stress-free move-in-ready opportunity. Closings have commenced at the property, which stretches a block between 10th and 11th Avenues. The remaining availabilities at The West are priced from $765,000 for a studio.
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Look out over Manhattan from your glass-wrapped living room in this $7M Chelsea penthouse

Photo courtesy of The Corcoran Group

December 2, 2022

Look out over Manhattan from your glass-wrapped living room in this $7M Chelsea penthouse

Perched 24 floors above New York City, this three-bedroom penthouse condo on the border of Chelsea and Nomad features a living room wrapped in floor-to-ceiling glass. Just beyond, a wraparound terrace offers an al fresco eyeful of the Empire State Building and the Hudson River. Asking $6,995,000, this sleek 2,190-square-foot home in the Noma at 50 West 30th Street has 10-foot ceilings, a keyed elevator entrance, fine finishes, and impressive amenities.
More penthouse, this way

For $6.75M, this park-facing East Side condo is for sale or rent, with 10 rooms to use however you wish

Photos courtesy of Fox Residential

November 29, 2022

For $6.75M, this park-facing East Side condo is for sale or rent, with 10 rooms to use however you wish

Options are many in this 3,225-square-foot condo on Manhattan's Museum Mile between East Harlem and Carnegie Hill; the combination of two apartments resulted in a collection of rooms that work as bedrooms (as many as six), playrooms or entertaining spaces, depending on your needs. What you can't change: a coveted spot on Central Park and amazing panoramic views of the park and Conservatory Gardens. Asking $6,750,000, this sun-filled home can be found in the Emery Roth-designed 1920s building at 1200 Fifth Avenue known as The Park View. Not ready for a commitment? You can rent the pretty pre-war home for $25,000/month.
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NYC Council approves two projects that together bring 5,000 apartments to Brooklyn and Queens

Rendering of the proposed Innovation QNS district. Image courtesy of VERO Digital

November 23, 2022

NYC Council approves two projects that together bring 5,000 apartments to Brooklyn and Queens

The New York City Council on Tuesday voted to approve rezonings Innovation QNS in Astoria and Innovative Urban Village in East New York, two mixed-use districts that will create more than 5,000 units of housing, with 65 percent of them designated affordable. Over 34 percent, or 1,900 of the new housing units, will be deeply affordable for extremely or very low-income households.
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Taylor Swift’s one-time West Village rental is back on the market for $45K/month

All photos courtesy of Al Siedman/VHT for The Corcoran Group

November 22, 2022

Taylor Swift’s one-time West Village rental is back on the market for $45K/month

Here's an opportunity to rent the West Village townhouse once home to Taylor Swift. Located at 23 Cornelia Street, the home was the subject of "Cornelia Street," a song on the pop star's seventh studio album Lover that references the iconic carriage house she rented in 2016. Currently listed for $45,000/month, the 21-foot-wide property has four bedrooms, an indoor pool, and a garage.
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Two major projects that would bring 3,200+ affordable homes to Brooklyn and Queens get key approval

Rendering of the proposed Innovation QNS district. Image courtesy of VERO Digital

November 18, 2022

Two major projects that would bring 3,200+ affordable homes to Brooklyn and Queens get key approval

Two major housing developments proposed for Brooklyn and Queens are moving forward. The New York City Council Committee on Zoning and Franchises on Thursday voted to approve rezonings Innovation QNS and Innovative Urban Village, which together would create more than 5,000 units of housing, 3,200 of which would be affordable. The two developments also include over 1,600 apartments for extremely or very low-income households.
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A conceptual rendering, courtesy of S9 Architecture

November 16, 2022

NYC’s first professional soccer stadium will open in Queens

New York City's first professional soccer stadium will be built in Queens, officials announced Wednesday. The major mixed-use development is proposed for Willets Point, across the street from Citi Field. In addition to a 25,000-seat stadium for the New York City Football Club, the 23-acre project also includes a hotel, thousands of affordable housing units, and a new public school. As first reported by the New York Times, the stadium is expected to be completed by 2027.
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Newly unveiled interiors mark completion of slender supertall 111 West 57th Street

Exterior photo by David Sundberg; Interior by Adrian Gaut

November 14, 2022

Newly unveiled interiors mark completion of slender supertall 111 West 57th Street

The second-tallest residential tower in the Western Hemisphere is officially complete. Last week, JDS Development Group and Property Markets Group unveiled the interiors of 111 West 57th Street, a 1,428-foot-tall building on Billionaires' Row designed by SHoP Architects. New photos show off the tower's interior architecture, including the residences and amenity spaces, all designed by William Sofield's Studio Sofield.
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Quirky converted warehouse loft in East Williamsburg hits rental market for record $35K/month

Photo credit: Rachel Kuzma/REPN for Corcoran

November 11, 2022

Quirky converted warehouse loft in East Williamsburg hits rental market for record $35K/month

A quirky converted warehouse loft in East Williamsburg has hit the rental market for $35,000/month, a new record for the neighborhood. Since 2018, the property has been home to Casa Powers, a bohemian-chic community event venue created by brother and sister duo Sydney and Cole Blumstein, who are real estate agents with Corcoran. Located at 139 Powers Street, the home--which measures over 4,200 square feet, boasts 15-foot ceilings, and has several skylights--comes rented with all its funky furnishings.
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Trevor Noah lists Hell’s Kitchen penthouse with terrace and plunge pool for $13M

Photo credit: Shannon Dupre’

November 3, 2022

Trevor Noah lists Hell’s Kitchen penthouse with terrace and plunge pool for $13M

"The Daily Show" host Trevor Noah has just put his Hell's Kitchen penthouse on the market for $12,950,000, the Wall Street Journal reports. In 2017, 6sqft covered the TV star's purchase of the west side penthouse atop the dazzling Art Deco Stella Tower at 425 West 50th Street for $10 million. In addition to iconic Manhattan views, the three-bedroom duplex condo offers a 1,000-square-foot terrace with a heated plunge pool (speakers included). The comedian put his apartment on the market just a few weeks after announcing his departure from the Comedy Central show after seven years.
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Photo credit: Anton Brookes/H5 Property for The Corcoran Group

October 28, 2022

The fab furniture is included in this $11.5M gallery-like Chelsea loft; the art is up to you

Listed for $11,500,000, this pristine 4,000-square-foot full-floor loft in a prewar condominium at 521 West 23rd Street is a joyous eyeful for lovers of iconic, sleek, contemporary design. Along the High Line and the in heart of West Chelsea's arts district, the home's Gabellini Sheppard-designed interiors have been featured in design magazines. When starting with a white box loft, the owner's vision was to create a perfect showcase for the finest in modern furniture and art. In this case, the furniture–much of it created by well-known designers–is included in the sale.
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This $5.5M Soho corner loft has color and character, plus two bedrooms and a mezzanine

Photo courtesy of Rinze Von Brug

October 26, 2022

This $5.5M Soho corner loft has color and character, plus two bedrooms and a mezzanine