Real Estate Trends

Heated Indoor Pool + More Fun Amenities at Greenpoint Rental Leasing with 1 Month Free [link] Striking Crown Heights Rental ‘The Dean’ Debuts; Loft-Inspired Homes from $2,605/Month [link] HOUSE39; Midtown’s “Best in Class” Tower Now Offering 2 Months Free [link] Haven at 875 Dekalb Avenue, Bed-Stuy Rentals with 1 Month Free & 1-Bedrooms from $2,249/Month […]

Real Estate Trends

May 9, 2017

New renderings of Hudson Yards’ retail and restaurant spaces

By Dana Schulz

Yesterday, it was announced that celebrity chef José Andrés, credited with bringing the small-plate concept to the U.S., will be opening a massive Spanish food hall at Hudson Yards, closing a deal for the 35,000-square-foot space at 10 Hudson Yards that Shake Shack guru Danny Meyer had previously been in talks for. On the heels of the news, developers Related Companies and Oxford Properties Group released new renderings of the retail and restaurant spaces coming to the mega-development (h/t Curbed), most of which will be located in the "Shops and Restaurants at Hudson Yards," a seven-story building that will hold the majority of the 25 restaurants and anchor tenant Neiman Marcus.
More renderings and details ahead

May 9, 2017

First look at the amazing amenities at Waterline Square

As 6sqft previously reported, a trio of glassy residential towers known as Waterline Square is rising on a five-acre waterfront site between West 59th and 61st Streets. Aside from the megaproject's size, its roster of starchitects–Richard Meier and Partners, Rafael Viñoly Architects, and Kohn Pedersen Fox Associates–has been most impressive. But now a head-spinning host of perks joins the wow-factor, as Curbed reports that the Rockwell Group has revealed renderings of a three-story amenity space to be dubbed The Waterline Club, divided among all three buildings. Among the offerings are a three-lane pool; 4,600-square-foot kids' playroom; gardening, art, and music studios; and indoor tennis court, basketball court, soccer field, and skate park.
Moreamazing amenities this way

May 9, 2017

You can rent this magical Clinton Hill townhouse with a renovation from loft heaven for a celestial $16K a month

There's no question about it, this Clinton Hill townhouse at 121 Saint James Place is a standout. The historic brownstone, offered for rent at $16,000, recently emerged from a complete renovation by Murdock Solon Architects, underscored by "an artist’s eye and architect’s mind" that incorporates industrial and rustic chic, open and casual loft style and the tall ceilings and endless rooms of a four-story 3,000 square-foot townhouse. Extra-magical additions include 22.5 feet high ceilings, double-height industrial framed windows and reclaimed wood throughout. The home offers four bedrooms, a home office, and a 1,500 square-foot landscaped backyard (which may or may not "make you feel you are in Narnia"). In addition to the stunning triplex, a one-bedroom garden apartment is included, great for guests.
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May 5, 2017

Interview: Developer Ben Shaoul on 196 Orchard Street, his Lower East Side condo rising next to Katz’s

By 6sqft

Ben Shaoul founded Magnum Real Estate Group in 1999, focused on renovating small, rundown rental apartments. After growing its portfolio extensively over the past five years to includeretail properties, condos, and even a dormitory, the firm is now one of the city’s leading ground-up development companies. Their impressive portfolio includes 389 East 89th Street on the Upper […]

Images (L to R): Sky, 605 West 42nd Street, Harlem 125, 69 East 125th Street, The Parkline, 626 Flatbush Avenue and 4540 Center Boulevard

May 5, 2017

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

Get Ready for Summer: Hells Kitchen High-Rise with Two Outdoor Pools Leasing with 1 Month Free [link] A Discussion with Winston Fisher on HOUSE39; Midtown’s “Best in Class” Tower Now Offering Two Mos. Free Rent [link] New Harlem Rentals Debut on 125th Street; Apartments from $1,994/Month [link] Live Near Prospect Park at The Parkline with […]

Real Estate Trends

May 4, 2017

After a bidding war, Diane Kruger unloads super-stylish East Village pad for $1.1M

Actress, model, and fashionista Diane Kruger sold her unsurprisingly stylish East Village pad for $1.1 million, higher than the $985,000 listing price. The Post tells us that a 12-offer bidding war ensued, likely due to the myriad of charming features--expansive exposed brick walls, a renovated modern kitchen, and lovely outdoor terrace--and the prime location at 315 East 12th Street, between booming 1st and 2nd Avenues.
Take a look around

May 4, 2017

Mark Ruffalo sells charming Carroll Gardens townhouse at a loss

Academy-award winner Mark Ruffalo sold his townhouse at 319 Sackett Street in Carroll Gardens for $3.125 million last month, according to LLNYC, which he bought in 2015 for a higher price of $3.5 million. The home offers four bedrooms, several fireplaces, and an expansive blue stone garden. Ruffalo recently checked out a $10 million Upper West Side brownstone that underwent a contemporary renovation.
See inside of the beautiful Brooklyn townhouse

Target to open at Essex Crossing in the Lower East Side

Rendering of LES Target courtesy of Beyer Blinder Belle

May 1, 2017

Target to open at Essex Crossing in the Lower East Side

New York City is experiencing a Target-takeover. The retailer has just signed a lease to open a 22,500 square-foot store in the Lower East Side at Essex Crossing, a 1.9 million-square-foot development stretching across several Manhattan blocks. As the Wall Street Journal reports, the new store will be located on the second floor of 145 Clinton Street, a 15-floor tower currently under construction. A Trader Joe’s supermarket will be on the lower level and apartments will be housed above.
Find out more

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

Images (L to R): 461 Dean Street, AIRE, 26 West Street and Henry Hall 30-Story Hudson Yards Rental Opens with Unobstructed Views, Apartments from $3,200/Month + 1 Month Free [link] Views Galore at Top-Notch Tribeca Rental, Now Leasing with 1 Month Free [link] World’s Tallest Modular Building Now Leasing with 2 Months Free [link] Leasing […]

Real Estate Trends

Second building in Domino Sugar megaproject to break ground next month; new renderings

260 Kent; rendering courtesy of COOKFOX

April 27, 2017

Second building in Domino Sugar megaproject to break ground next month; new renderings

Two Trees Management will break ground next month on 260 Kent Avenue at the corner of Grand Street and Kent Avenue, the second building to rise at the Domino Sugar Williamsburg megaproject site. Designed by COOKFOX Architects, the 462,000 square-foot, 42-story mixed-use tower on the site of the former sugar manufacturing facility will create "a prominent visual corridor that leads to the East River waterfront," according to a press release.
Find out more, more renderings this way

Images (L to R): 153 Remsen Street, Hubb, Trump Bay Street and Orient Park

April 21, 2017

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

The Lincoln Apartments at Prospect Park Debut with 2 Months Free; Units Start from $2,186/Month [link] Trump Bay Street, Luxury Rentals in Jersey City, Now Leasing with 2 Months Free [link] Lower East Side Rental ‘Rivington House’ Offering 1 Month Free on Renovated Apartments [link] $500 Security Deposits at 180 Montague Street in Brooklyn Heights […]

Real Estate Trends

April 21, 2017

Work to begin this spring on Penn Station-Moynihan Train Hall complex

This spring, the 650,000 commuters who travel through Penn Station daily may finally start to witness Governor Cuomo’s $1.6 billion plan to revamp what he called the “overcrowded, decrepit and claustrophobic” station into a more spacious and high-tech transit hub. As the Daily News reports, the first phase of the overall Moynihan Station Development Project will begin soon, extending Penn Station’s West End Concourse to reduce congestion. The second phase will transform the James A. Farley Post Office into the new Moynihan Train Hall, which will hold more than 112,000 square feet of retail and 588,000 square feet of office space, in addition to new ticketing and waiting areas for Amtrak and Long Island Railroad passengers.
More details right this way

April 20, 2017

Demi Moore finally sells San Remo penthouse for a much-reduced $45M

It's been exactly two years since Demi Moore first listed her incredible San Remo penthouse for $75 million. But after sitting idly on the market for 14 months, she reduced the price way down to $59 million, and The Real Deal now got wind that she's finally sold the 17-room triplex for an even more reduced $45 million. Despite the major price chop, this is still the biggest sale ever at the iconic Central Park West co-op.
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April 20, 2017

Midtown’s 1,401-foot One Vanderbilt to begin vertical construction next month

By Diane Pham

One of the city's most pivotal new office towers is approaching its latest milestone. This afternoon, developer SL Green announced that One Vanderbilt, the supertall currently under construction directly adjacent to Grand Central Terminal, will begin its vertical ascent in early May. According to a press release, the 1,401-foot skyscraper's construction manager, AECOM Tishman, has secured the procurement of more than 25,000 tons of domestically-fabricated structural steel, in addition to a New Building Permit from the New York City Department of Buildings.
more details here

April 20, 2017

Cheery Prospect Park condo is house-sized with a smart layout and sophisticated details

You don't hear much about the "townhouse alternative," as homeowners are more focused on the space and freedom of having a house, even if it's a small "condo alternative." But this high-floor, graciously arranged and elegantly detailed pre-war condominium at the park's edge in prime Park Slope asking $1.895 million has as much living space as a small house, without the stairs and expensive repairs. The three-bedroom home at 163 Prospect Park West also boasts a collection of subtle, sophisticated renovations–like concrete sinks in the master bath and dark, elegant walls in the den.
Tour this most satisfying apartment

April 14, 2017

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

Images (L to R): 3 Journal Square, Stuyvesant Town, 253 West 72nd Street, Myrtle & Steuben 2 Months Free at New Hell’s Kitchen Rental [link] 1 Month Free at West 72nd Street Prewar [link] StuyTown Offering $3,600 Move-In Bonus Until April 16th [link] 1 Month Free at Newly Launched Clinton Hill Rental [link] Renovated Rentals […]

Real Estate Trends

April 14, 2017

731-foot Long Island City skyscraper may briefly be Queens’ tallest building

With another skyscraper proposal approved, Long Island City moves one step closer to looking like a Manhattan copycat. The latest sky-high tower to get its site cleared and zoning approved sits in Court Square at 43-30 24th Street. As covered by CityRealty, the permits show this building, developed by commercial real estate firm Stawski Partners, will hold 921 condos and rise 731 feet, almost 75 feet higher than the borough’s current tallest building at One Court Square. And if it finishes before the Court Square City View Tower next door, set to rise 66 stories and become Queen's tallest, it will briefly hold that title.
Find out more

April 14, 2017

Robert A.M. Stern’s 520 Park Avenue, Upper East Side’s tallest building, hits pinnacle height

520 Park Avenue, well on its way to being the tallest skyscraper on the Upper East Side, is putting its final crowning members in place, CityRealty reports. The developer of the 54-story tower just off Park Avenue at East 60th Street is the multi-generational Zeckendorf real estate dynasty who brought us 50 U.N. Plaza, 15 Central Park West and the neighborhood-transforming Worldwide Plaza and Union Square's Zeckendorf Towers.
Find out more

April 13, 2017

‘How I Met Your Mother’ actress Cobie Smulders lists Battery Park City condo for $4M

The star actress of the long-running TV show, "How I Met Your Mother," Cobie Smulders, and husband Taran Killam, Hamilton actor and SNL veteran, have listed their apartment at 2 River Terrace in Battery Park City for $3.995 million. As first reported by Luxury Listings NYC, the 1,580-square-foot-condo has three bedrooms, three bathrooms and boasts a private landscaped terrace. Other celebrities like Leonardo DiCaprio and Tyra Banks have also lived in the building, and filmmaker Oliver Stone just bought an apartment there.
Check out the Battery Park City pad here

April 13, 2017

Oscar-winning filmmaker Oliver Stone pays $4M for Battery Park City condo with views for days

Award-winning screenwriter, film director, producer, and New York native Oliver Stone is moving to Battery Park City. As the New York Post learned, Stone is buying a 24th-floor condo at Riverhouse at 2 River Terrace, a building home to Leonardo DiCaprio and formerly, Tyra Banks (whose duplex hit the market last month for $17.5 million). The $4.35 million apartment boasts 1,982 square feet and floor-to-ceiling windows.
See inside the high-rise

April 13, 2017

Increased demand and new condos leads to record home sale prices in Brooklyn and Queens

Once enticing New Yorkers with their cheaper rents and mortgages, the outer boroughs of Brooklyn and Queens have set record sales prices during the first quarter of the year. As reported by Crain’s, Brooklyn had a record-setting median sale price of $770,000, more than 16 percent higher than last year. This was driven by an increase in sales activity, with nearly 50 percent more transactions taking place this quarter compared with the beginning of 2016. In Queens, the median sale price was $485,000, but one- to three-family homes set a new record with both average ($697,946) and median ($650,000) sales.
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Real Estate Trends

April 12, 2017

Astoria, Morningside Heights and Bay Ridge have highest turnover of rent-stabilized apartments

Scoring a rent-stabilized apartment is a big win in New York City, as these regulated pads usually offer rent at below-market rates and provide tenants more protections against landlords. While more than 925,000 rent-stabilized apartments still exist in the city, these units turn over at a faster rate in certain neighborhoods than others, and their availability continues to dwindle (h/t WYNC). According to a new report by the city’s Independent Budget Office (IBO), the neighborhoods of Astoria, Morningside Heights and Bay Ridge all have high concentrations of rent-regulated housing built prior to 1974 and therefore, higher rates of turnover compared to other parts of the city.
Find out more

April 11, 2017

Number of elderly Airbnb hosts jumps 60 percent in NYC