Real Estate Trends

New York City’s priciest townhouse sets another record after $90M sale
February 15, 2018

New York City’s priciest townhouse sets another record after $90M sale

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Billionaire Len Blavatnik has broken the city's record for the most expensive townhouse after paying $90 million for an Upper East Side mansion, according to the New York Post. The seller, HNA Group, sold the home at 19 East 64th Street after recently picking it up in April for $79.5 million, a record at the time. Blavatnik, a music executive who already owns a home on 64th Street and paid $80 million for a home at 834 Fifth Avenue, has an estimated net worth of around $20.5 billion.
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986-foot Flatbush Avenue tower in Downtown Brooklyn gets revised renderings
February 13, 2018

986-foot Flatbush Avenue tower in Downtown Brooklyn gets revised renderings

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Ahead of its public review, Alloy Development this week released new details and renderings of its proposed mixed-use development at 80 Flatbush Avenue in Downtown Brooklyn. Developers amended the complex's design, first released in April, following backlash from the community and more than 100 meetings with local stakeholders. While the taller tower will keep its original design with 74 stories, the 38-story building's profile will be slimmed and feature a masonry facade to complement the neighboring Williamsburgh Savings Bank Tower. 
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‘Silence of the Lambs’ director Jonathan Demme’s longtime Central Park West co-op sells for $2.4M
February 13, 2018

‘Silence of the Lambs’ director Jonathan Demme’s longtime Central Park West co-op sells for $2.4M

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Acclaimed filmmaker Jonathan Demme, who won an Academy Award for directing "The Silence of the Lambs," passed away in April. For at least 30 years prior, he resided at the grand Emery Roth-designed Central Park West co-op the Alden. According to city records, his longtime Upper West Side home has now sold for $2.4 million, after just 13 days on the market.
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FREE RENT: This week’s roundup of NYC rental news

Images (L to R): 606W57, The Delmar, Aurora and 88 Leonard Street

February 10, 2018

FREE RENT: This week’s roundup of NYC rental news

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Images (L to R): 606W57, The Delmar, Aurora and 88 Leonard Street Little Italy Rental Debuts; Rumored to have Housed Debbie Harry & Robert De Niro Lenox Terrace Offers Renovated Harlem Apartments from $1,650/Mo. Pre-War Grandeur at The Wyoming; Amazing Midtown Rental Near Central Park Bronx Rentals Debut at Port133 at 751 East 133rd Street […]

New renderings revealed for SCDA’s flashy 11-story condo on the High Line

Rendering via Neoscape

February 9, 2018

New renderings revealed for SCDA’s flashy 11-story condo on the High Line

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A swath of new renderings of SCDA Architects' condo tower was released this week, more than three years after the project was first announced in 2014. As Curbed NY learned, the new renderings of the building, located, at 515 West 29th Street, show a glass fin facade and the interiors of the 15 planned apartments, including five penthouses. Forum Absolute Capital Partners is developing the tower, dubbed Five One Five, which will contain two- and three-bedroom units ranging from $4.3 million to $8.5 million. CORE is handling sales and marketing.
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Saudi prince’s Trump Place triplex with three bullet-proof panic rooms sells at a $40M discount
February 9, 2018

Saudi prince’s Trump Place triplex with three bullet-proof panic rooms sells at a $40M discount

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Six years ago, Saudi Prince Nawaf bin Sultan bin Abdulaziz Al-Saud listed his lavish Heritage at Trump Place triplex for a staggering $75 million. Three years ago, it got a price chop to $48.5 million, and The Real Deal now reports that it's closed for an even further discounted $36 million. Since the 10,500-square-foot home listed long before the reign of Trump, we're guessing it's not the building's namesake that caused it trouble on the market. Perhaps having three bullet-proof panic rooms isn't on everyone's real estate wishlist?
Find out more and look around
See new photos of SHoP Architects’ Domino rental tower at 325 Kent

Photo: Adrian Gaut

February 9, 2018

See new photos of SHoP Architects’ Domino rental tower at 325 Kent

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Now that the doughnut-shaped 16-story waterfront rental building at 325 Kent Avenue is nearly complete, you can take a look at some seductive new snaps of interiors and amenity spaces to see if it lives up to the hype. The first structure at the 11-acre Domino Sugar Factory site to open, the 522-unit riverfront tower brings something new to ogle to the famously rezoned Williamsburg neighborhood’s veritable city of glassy condo towers that surround the landmarked Refinery building.
More photos, yoga and food this way
Google to expand footprint at Chelsea’s Pier 57

Rendering via RXR Realty

February 9, 2018

Google to expand footprint at Chelsea’s Pier 57

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Earlier this week, Google entered into a contract with Jamestown LP to buy the Chelsea Market building for nearly $2.5 billion, the second largest single sale in New York City's history. And on Friday, Google reached a tentative deal to expand its footprint at Pier 57, adding another 70,000 square feet of space to its prior 250,000-square-foot agreement. According to Crain's, the lease will include an additional 50,000 square feet of educational activities and a new ferry landing.
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The long-awaited Bayonne boom: Transit options, adaptive reuse, and affordability
February 8, 2018

The long-awaited Bayonne boom: Transit options, adaptive reuse, and affordability

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Bayonne, located on the southern peninsula of New Jersey’s Gold Coast, is ripe for a construction boom. That being said, it has been awaiting this boom for over 18 years - since the light rail system was installed. As Newport and Jersey City’s markets are on fire, Bayonne hopes that development momentum is headed their way. But with its Hudson River location, city views, access to Manhattan via light rail and the PATH (it is about 30 minutes to take the light rail to the PATH to the World Trade Center), Bayonne has taken its future into its own hands and massively revised its master plan for the first time since 2000. Bayonne considers its proximity to New York City and lower prices its greatest assets. The average home sales are around $400,000 versus $800,000 in Jersey City. The new master plan aims to transform Bayonne into a walkable, bikeable, mixed-use community with densely settled areas (which they call “transit villages”) around the light rail stations. The town’s 22nd Street Light Rail stop connects residents to the rest of the Gold Coast and PATH trains running to Manhattan. Bayonne City Planner Suzanne Mack is quoted as saying, “Our assets are our charm and home life...We’ve moved from being an industrial giant, an oil tank farm basically, into more of a bedroom community with a lot of community resources.”
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Passing $2B in sales, 432 Park becomes highest selling building in NYC ever

Photo via Douglas Elliman

February 7, 2018

Passing $2B in sales, 432 Park becomes highest selling building in NYC ever

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CIM Group and Macklowe Properties announced on Wednesday that the world's tallest residential building just broke another record: the single best-selling building in New York City. According to the developers, they have sold $2 billion in luxury condominiums at 432 Park Avenue, a 1,396-foot tower designed by renowned architect Rafael Viñoly. The building's most significant closings include 48 residences selling for more than $20 million each.
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New details and renderings for Essex Crossing’s Market Line, NYC’s largest food hall
February 7, 2018

New details and renderings for Essex Crossing’s Market Line, NYC’s largest food hall

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It's been over a year since we got our first look at Market Line, the 150,000-square-foot market that will anchor the Essex Crossing mega-development. It will serve as the new home for the Lower East Side's iconic, 76-year-old Essex Street Market and boast two indoor parks, a beer garden, 150 food vendors, and 20 retail spaces--all adding up to the city's largest food hall. Eater now has spotted a fresh set of renderings of Market Line, as well as the first vendor announcement. Among those who will be hawking their grub are Queens' famed taco spot Tortilleria Nixtamal, the Upper East Side's 100-year-old German meat market Schaller & Weber, and the East Village's Ukrainian institution Veselka.
Check out the other vendors and more renderings
Lottery launches for 258 rentals at TF Cornerstone’s West 57th tower, from $613/month
February 6, 2018

Lottery launches for 258 rentals at TF Cornerstone’s West 57th tower, from $613/month

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The lottery for TF Cornerstone's massive building at 606 West 57th Street officially launched on Tuesday, offering 258 mixed-income rentals in the brand new 42-story tower. Designed by Arquitectonica, the rental, dubbed 606W57, boasts a unique, boxy design and will hold over 1,000 apartments. It sits near other West Side architectural standouts like the pyramid-shaped, Bjarke Ingels-designed Via57 West, as well as the Helena. Qualifying New Yorkers earning 40, 60 and 120 percent of the area median income can apply for units ranging from a $613/month studio to a $2,902/month three-bedroom.
Find out if you qualify
Google to buy Chelsea Market building for $2.5B, the second largest single sale in NYC history

Photo of Chelsea Market via Wikimedia

February 6, 2018

Google to buy Chelsea Market building for $2.5B, the second largest single sale in NYC history

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Editor's Note: The New York Post reports Google will buy Chelsea Market for $2.5 billion, which would make it the second biggest single sale in the city's history. It closely follows the $2.8 billion purchase of the GM Building in 2007. Google has entered contract with Jamestown LP to buy the Chelsea Market building for over $2 billion. As 2018's first billion dollars plus transaction in New York, the deal is expected to close sometime in the next two months, according to the Real Deal. This will further the tech giant's presence in the Manhattan neighborhood; it is currently the biggest tenant at 75 Ninth Avenue and its headquarters are located across the street at 111 Eighth Avenue.
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Taylor Swift buys yet another Tribeca property, spending $50M on a single block of real estate

Google Street View of 155 Franklin Street; Taylor Swift via Eva Rinaldi/Flickr

February 6, 2018

Taylor Swift buys yet another Tribeca property, spending $50M on a single block of real estate

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Taylor Swift nabbed yet another Tribeca property--bringing her spending along Franklin Street to an astounding $47.7 million. The New York Post reports that she has just purchased a 3,540-square-foot unit on the second floor of 155 Franklin Street, the condo building where she already owns a duplex. The pop star paid financier Jeremy Phillips $9.75 million for it in an off-market deal. She bought her existing top-floor penthouse at 155 Franklin, which spans 8,000 square feet, from “Lord of the Rings” director Peter Jackson in 2014 for $19.95 million. Swift then bought the $18 million townhouse next door, at 153 Franklin Street, which comes with its own paparazzi-proof garage.
There's speculation to her latest purchase
Largest timber-constructed office building in the nation planned for Newark’s waterfront
February 5, 2018

Largest timber-constructed office building in the nation planned for Newark’s waterfront

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Lotus Equity Group announced on Monday plans to bring the largest mass timber office building in the United States to the Newark waterfront. Michael Green Architecture has been tapped to design the 500,000-square-foot office building made with a wooden structure for Riverfront Square, a massive mixed-use development proposed for the Broad Street corridor of the Jersey neighborhood, according to the Wall Street Journal. The building will rise in three separate sections to six, eight and 11 stories tall and have a concrete foundation. Its columns, exterior panels,  elevators, stairwells and floor systems will be made of mass timber. Interiors will boast exposed wood with a facade covered in metal panels, brick or wood.
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NYC RENTALS: This week’s roundup of rental news & offers

Images (L to R): 325 Kent Avenue, Instrata Gramercy, 63 Wall Street and Watermark LIC

February 3, 2018

NYC RENTALS: This week’s roundup of rental news & offers

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Images (L to R): 325 Kent Avenue, Instrata Gramercy, 63 Wall Street and Watermark LIC Leasing Launches at 490 Lefferts Avenue; New Brooklyn Rentals Start at $2,000/Month Long Island City Hot Block: Live at the Crescent Club and Get 1 Month Free 63 Wall Street Luxury Rentals: 2.5 Months Free on 17 Month Leases + […]

Empire State Building looking for tenants to fill 50,000 square feet of retail space

Photo via Wikimedia

February 2, 2018

Empire State Building looking for tenants to fill 50,000 square feet of retail space

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The landlords of New York City's most iconic skyscraper are looking to fill 50,000 square feet of retail space by 2020, even as brick-and-mortar businesses in Manhattan have struggled to stay open. According to Bloomberg, owners of the Empire State Building are marketing the tower's ground-floor, concourse and second-floor real estate, as the building undergoes a retail renovation for the first time since opening in 1931. Plus, the tower's observatory entrance will be moved from Fifth Avenue to 34th Street.
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A $2.5B plan will bring an additional 5 million square feet to the Brooklyn Navy Yard

Overview of Brooklyn Navy Yard via Brooklyn Navy Yard Development Corporation

February 1, 2018

A $2.5B plan will bring an additional 5 million square feet to the Brooklyn Navy Yard

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The transformation of the Brooklyn Navy Yard from a warship building site into an industrial tech-hub got an extra boost this week after a non-profit announced a $2.5 billion building plan that would quadruple its current workforce. As Bloomberg first reported, the Brooklyn Navy Yard Development Corporation, which serves as the site's property manager on behalf of the city, plans to add 5.1 million square feet of manufacturing space to the site, with a little over half of it going towards one large complex.
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Aziz Ansari dropped $5.7M on this Tribeca loft right below Taylor Swift

Photo of Aziz Ansari via David Shankbone/Flickr

February 1, 2018

Aziz Ansari dropped $5.7M on this Tribeca loft right below Taylor Swift

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Back in May, Rangers captain Ryan McDonagh sold his Tribeca loft at 155 Franklin Street, located directly below Taylor Swift's duplex penthouse in the celeb-studded building, for $5.7 million. Though the buyer's identity was shielded by an LLC, the Post now reports that it was none other than comedian and "Master of None" star Aziz Ansari. They don't disclose their sources, but assuming they're correct, Ansari's new three-bedroom spread boasts nearly 2,500 square feet, brick and timber-beamed ceilings, tons of exposed brick, and massive south- and east-facing windows.
Take the tour
Jon Bon Jovi sells West Village duplex for $16M

Photo of Bon Jovi via Wikimedia

January 31, 2018

Jon Bon Jovi sells West Village duplex for $16M

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For $15.995 million, Jersey rocker Jon Bon Jovi has finally sold his duplex apartment at 150 Charles Street, a celebrity haven in the West Village. But the "Livin' on a Prayer" singer isn't moving too far away; he recently bought a nearly $19 million apartment in the Greenwich Lane, a condominium project that stretches almost a full city block between 12th and 11th Streets off Seventh Avenue. While Bon Jovi attempted to sell the duplex as a $29.5 million combo unit with a neighboring duplex this summer, the apartment went into contract alone, for $15.995 million, according to the Wall Street Journal.
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Fresh renderings revealed of 99 Hudson Street, the soon-to-be tallest building in New Jersey
January 31, 2018

Fresh renderings revealed of 99 Hudson Street, the soon-to-be tallest building in New Jersey

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When construction of 99 Hudson Street wraps up in Jersey City next year, the 889-foot condominium tower will become the tallest building in all of New Jersey. While that title alone is impressive, new renderings of the Perkins Eastman-designed tower show an equally profound modern interior with a swath of amenities (h/t Curbed NY). Developed by China Overseas America, 99 Hudson will rise 79 stories and contain 781 units, while boasting 15,000 square feet of retail space and 14,000 square feet of public space.
See inside
Newport’s master plan ambitions: Diversity and development at LeFrak’s Jersey City community

Rendering of Newport’s new Park and Shore development

January 29, 2018

Newport’s master plan ambitions: Diversity and development at LeFrak’s Jersey City community

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The mention of Newport conjures up images of yacht-filled harbors, gorgeous mansions, and beautiful beaches. But there is another Newport much closer to downtown Manhattan than Rhode Island and, amazingly, it also has yacht-filled harbors, beautiful residences, a beach, and unparalleled waterfront views. A 600-acre, master-planned community that began almost 35 years ago by the LeFrak family, Newport, Jersey City is now hitting its stride. With sleek architecture, 15,000 residents, 20,000 professionals, a growing mix of retail and commercial options, and a location minutes from midtown and downtown Manhattan, Newport offers some appealing alternatives to those priced out of New York City or others looking for a slightly quieter option. The area boasts its diversity, but with a single family in charge of development and a skyline that looks more like Manhattan than Jersey City, is Newport just Manhattan-lite or does it truly have diversity with offerings for everyone?
Get the whole scoop
$8.5K/month Chelsea duplex has a sweet roof deck and plenty of character
January 29, 2018

$8.5K/month Chelsea duplex has a sweet roof deck and plenty of character

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Right from the beginning you'll feel fortunate–if  you can swing the $8,495 a month rent–living in this charming townhouse condominium at 360 West 19th Street: You'll only have one neighbor, as the building only contains two units. Two sun-filled upper floors hold the standard townhouse bounty of three bedrooms above a spacious living area, plus a private roof deck, all on a pretty Chelsea block.
Tour the duplex
Bruce Willis sells $18M Central Park West co-op in just one week

Photo of Bruce Willis via Wikimedia

January 29, 2018

Bruce Willis sells $18M Central Park West co-op in just one week

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Just a little over a week ago, Bruce Willis and wife Emma Heming Willis put their six-bedroom co-op at 271 Central Park West on the market for $17.75 million. They bought the duplex apartment back in 2015 for $17 million (from Milwaukee Bucks owner Wesley Edens), after Willis unloaded his nearby El Dorado co-op for $13 million. The couple recently decided to scale back since they don't spend enough time in the Upper West Side spread, and lucky for them the unit is already in contract, according to Curbed.
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Real estate bigwig drops $4.35M on Seth Meyers’ West Village condo
January 26, 2018

Real estate bigwig drops $4.35M on Seth Meyers’ West Village condo

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Real estate bigwig Michael Fuchs (he co-founded RFR Realty with his childhood friend Aby Rosen) paid $4.35 million for Seth Meyers' West Village condo at 302 West 12th Street, according to the Post. The “Late Night” host and his wife Alexi Ashe bought the two-bedroom unit in 2013 for $3.5 million, but after dropping $7.5 million on a five-bedroom Washington Square West co-op in summer 2016, they listed their smaller pad this past September for $4.5 million. And Fuchs must've really seen something in the apartment, because he went into contract on it just a month later.
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