Real Estate Trends

Are co-living communities the future of NYC real estate?

Photo: Bess Adler

January 26, 2017

Are co-living communities the future of NYC real estate?

In the 1960s, groups of hippies fled from cities to live on communes in the country. Now there’s a growing movement of communal living right here in New York City. “I feel the biggest challenge in our world today is we’re not speaking to each other,” said Ryan Fix, who started 25 communal living sites […]

Real Estate Trends

January 26, 2017

Bjarke Ingels’ ‘bold yet graceful’ High Line towers get new website and flashy signage

By Michelle Cohen

When HFZ Capital Group chairman Ziel Feldman needed a bold design for what will be Chelsea's largest development in more than a decade, he knew the very-visible, block-long site wanted nothing short of an architectural icon to house the future 950,000-square-foot mix of parking, retail and office space, a 137-room Six Senses Hotels Resorts Spa and 240 condominium apartments. So it should come as no surprise that Bjarke Ingels' BIG was chosen to design what would be the firm's second Hudson River-front tower (after Via 57 West). Straddling the High Line and offering sunset river views, the two towers penned by the Danish wunderkind sit atop a four-floor base at 76 Eleventh Avenue, rising to 28 and 38 floors, respectively. CityRealty now brings us a collection of new views and a concept development slideshow of the $1.9 billion project recently published by BIG on their website.
See new images from the slideshow and some scintillating site prep

Rendering of 86 Fleet Place via Goldstein, Hill & West (L); Construction as of October 2016, via CityRealty

January 26, 2017

Live in John Catsimatidis’ curvy Downtown Brooklyn rental tower from $833/month

By Dana Schulz

Way back in 1982, the CEO and owner of Red Apple Group, John Catsimatidis (you may know him better as the billionaire owner of Gristedes or for his failed Republican run in the last mayoral election) paid $500,000 for a 2.5-acre, four-block site in Downtown Brooklyn, on the western edge of Fort Greene. Thirty-five years later, construction is wrapping up on the final, and by far the tallest, of the four-tower development. The curving glass building at 86 Fleet Place was designed by Goldstein, Hill & West and will rise 32 stories/350 feet and house 440 rentals, 29 of which are set aside as affordable and have just come online through the city's affordable housing lottery. They range from $833/month studios to $1,247/month three-bedrooms and are available for those earning 45 to 60 percent of the area media income.
Find out if you qualify here

January 25, 2017

Extell’s One Manhattan Square reaches halfway point and gets its glassy skin

By Dana Schulz

Despite the rapid influx of new development that's popping up in the controversial Two Bridges area, the Chinatown-meets-Lower East Side neighborhood's first project, One Manhattan Square, still reigns as the tallest. In fact, when it reaches its full 823-foot height, Extell's 80-story condo at 252 South Street will have the highest rooftop between downtown and Midtown Manhattan. Now that sales have commenced, CityRealty paid the construction site a visit, noticing that the double-slab tower is already more than 30 stories tall and has begun to receive its reflective glass skin.
More views ahead

January 25, 2017

Designer Zac Posen snags an elegant Upper East Side penthouse for $3.5M

By Diane Pham

Zac Posen may love taking fashion risks, but when it comes to real estate, it's all about the classics. The designer and "Project Runway" judge has just poured $3.5 million into an elegant Upper East Side penthouse, LL NYC shares. The duplex spread sits atop an Emory Roth-designed prewar at 210 East 73rd Street and comes steeped in ornate details like hand-painted ceilings, an iron staircase and a Chesney marble mantle. While the current decor is most certainly in need of a modern facelift, Posen will have plenty of space to flex his creative prowess. The penthouse is a classic six with two bedrooms, two and a half baths and a large 1,800-square-foot wrap terrace. And did we mention there are seven custom closets? Four of them are walk-in!
See more here

Construction update: Google’s Pier 57 expansion gets glassed

Pier 57 now showing some skin; Photo: CityRealty

January 24, 2017

Construction update: Google’s Pier 57 expansion gets glassed

By Michelle Cohen

Work is moving along at the waterfront development that is rehabilitating and revitalizing Pier 57, Manhattan's new "SuperPier;" newly-installed, canted glass panels can be seen along the pier’s rows of exterior columns, CityRealty reports. The $350 million transformation of the former freight terminal, a joint venture by Young Woo & Associates and RXR will include 250,000 square feet of offices for Google, a 170,000-square-foot food market curated by Anthony Bourdain and provide an elevated two-acre park with a rooftop movie and performance amphitheater. The project's design is being handled by Handel Architects and !Melk Landscape Architecture and Urban Design.
Check out new construction photos

January 23, 2017

Map: Here’s where you can afford to live in NYC in 2018

By Dana Schulz

For New York home buyers, a lot can change in a year. A neighborhood that was considered affordable can all of a sudden become out of reach, whether it be from new developments like a subway or good old fashioned gentrification. For this reason, Fast Forward Labs created an interactive map that predicts the price of real estate in 2018. As Google Maps Mania explains, "The map allows you to input a housing budget and see how likely it is that you will be able to afford to buy a property in different New York neighborhoods during different future time periods."
More on the map here

Real Estate Trends

January 23, 2017

Oscar-winning director Steven Soderbergh sells stylish Chelsea pad for $4.8M

By Annie Doge

All the way back in August 2014, 6sqft featured the $5 million listing for this stylish co-op at 147 West 22nd Street in Chelsea, pointing out its trendy features such as a retractable garage-style glass door, massive open living space with wall-to-wall windows, and uber-contemporary kitchen. And as it turns out, the full-floor spread belonged to producer and director Steven Soderbergh, who's best known for his work directing "Erin Brockovich," "Traffic" (for which he won the Oscar), and "Ocean's 11." The Real Deal reports that he's now finally found a buyer for the apartment, selling it for $4.8 million.
Take a look around

January 20, 2017

FREE RENT: A roundup of NYC’s latest rental concessions

By Ondel Hylton

Midtown Rental Skyscraper ‘Tower 31‘ Offering One Month Free or One Month OP on Select Leases [link] Leasing Launches at 531 Myrtle Avenue; First to Open for New Clinton Hill Rental Duo ‘Myrtle & Steuben’ [link] Month of Free Rent at The Giovanni, 81 Fleet Place in Downtown Brooklyn [link] SLCE-Designed Downtown High Rise, The […]

Real Estate Trends

January 18, 2017

Tennis great Novak Djokovic buys two units in Renzo Piano’s 565 Broome SoHo

By Annie Doge

When he's not busy winning titles as the second-best tennis player in the world, Novak Djokovic is apparently quite the architecture aficionado. The Serbian athlete told the Wall Street Journal that he's a big fan of Renzo Piano; earlier this year he bought a unit in Piano's Miami beach project Eighty Seven Park, and he's now gone into contract for two condos in the starchitect's under-construction NYC venture 565 Broome SoHo, where sales launched this past September.
The full scoop

CNN’s Don Lemon sells Harlem condo for small profit

By Annie Doge

Emmy Award-winning CNN news anchor Don Lemon picked up a somewhat modest condo a little over two years ago in Harlem‘s 2280FDB (2280 Frederick Douglas Blvd.). He paid $867,780 for unit 11A, right next door to 11B that he already owned. 6sqft speculated that he was planning to combine the condos, but according to city records released today, Lemon's sold off 11A for $969,000.
READ MORE

January 13, 2017

FREE RENT: A roundup of NYC’s latest rental concessions

By Ondel Hylton

Renovated Apartments on West 30th Street Near Hudson Yards Offering One Month Free [link] Free Rent & Special Offers at Spencer Street Apartments in Bed-Stuy [link] Name Revealed for New Clinton Hill Rental, Leasing Site Launched for 5-Story ‘Myrtle & Steuben‘ [link] Stonehenge 57, Midtown East High-Rise in Sutton Place, Offering One Month Free [link] […]

Real Estate Trends

January 13, 2017

Third lottery opens at Pacific Park Brooklyn, apply for 303 affordable units from $532/month

By Dana Schulz

Last spring, the first housing lottery opened at Pacific Park Brooklyn when 181 affordable units at SHoP's 461 Dean Street (the world's tallest modular tower) came online. It was followed a few months later by 298 openings at 535 Carlton Avenue, COOKFOX's entirely affordable building, and now the third set of apartments for low- to middle-income New Yorkers is open. SHoP Architects also designed an all-affordable building at 38 Sixth Avenue, adjacent to the Barclays Center, and as of today these 303 residences are up for grabs, ranging from $532/month studios to $3,695/month three-bedrooms. Households earning between 101 and 165 percent of the area media income (or up to $173,415 annually) are eligible for 198 of the units, while 105 units are set aside for those earning between 30 and 100 percent (as low as $20,126 a year).
More details and the whole qualification breakdown

January 13, 2017

Pieces of Thomas Heatherwick’s massive, climbable ‘Vessel’ arrive at Hudson Yards site

By Michelle Cohen

Back in September, Related Companies chairman Stephen Ross finally unveiled the large-scale artwork that would anchor the central public space within Hudson Yards. As Ross revealed, Thomas Heatherwick was chosen to design the piece, and it would cost an incredible $150 million to build. Dubbed "The Vessel,” the climbable sculpture would rise 16-stories—150 feet tall, 50 feet wide at its base and 150 feet wide at the top—and consist of a web of 154 concrete and steel staircases with 2,500 steps, 80 landings and an elevator; the piece, in fact, so massive that it could comfortably accommodate 1,000 visitors at a time. The sculpture was to be constructed in Monfalcone, Italy before being shipped to its home on the Hudson River. And now CityRealty reports that parts of what Ross once called "New York's Eiffel Tower" have officially arrived at the site and await assembly.
More photos this way

January 12, 2017

After seven years on the market, Keira Knightley’s former Tribeca loft finds a buyer

By Annie Doge

This massive, duplex loft at 16 Jay Street in Tribeca has been trying to sell since April 2011. Its owner, textile designer, painter, and sculptor Gianluca Berardi, bought the pad in 2002 for $2.2 million, then undertook a lengthy overhaul that included adding the "sweeping cast-iron and mahogany staircase that was welded together inside the home in the shape of a double ellipsis," as 6sqft previously reported. She first listed it in 2009 for $8.4 million, then reduced it to $8 million in 2012, and in 2014, re-listed it as a $45,000/month rental. The following year, actress Keira Knightly rented the apartment, as did Rangers player Eric Staal. It then came back on the market for $6.6 million this past March, and now, after seven long years, it's finally found a buyer for the reduced price of $6 million, reports the Post.
See the entire space

January 11, 2017

First look at the $30M penthouse at Robert A.M. Stern’s 30 Park Place

By Dana Schulz

The top-floor units at Robert A.M. Stern's 930-foot 30 Park Place have a way of making headlines. The 82nd floor penthouse, for instance, boasts the highest private outdoor space in the city, and the building's own developer, Larry Silverstein, recently snatched up the massive 80th floor spread for $34 million. But below these units are two duplex penthouses that span the 78th and 79th floors, notable for their double-height loggias that, as Curbed notes, have become a fixture in classic Stern buildings like 15 Central Park West and 520 Park Avenue. Curbed also got their hands on new photos of penthouse 78B, on the market for $29.5 million, which not only showcase the incredible views from the terrace, but new looks at the interiors.
More looks ahead

January 11, 2017

FREE RENT: A roundup of NYC’s latest rental concessions

By Ondel Hylton

The Eugene, Midtown’s Tallest Rental Skyscraper, Gears Up for Early 2017 Leasing [link] Grand Opening: Leasing Begins at 681 Franklin in Crown Heights [link] Grand Opening: Leasing Begins on No Fee Bed-Stuy Apartments at 766 Lafayette Avenue [link] One Month Free on Select Units at Brodsky’s Midtown West High-Rise, One Columbus Place [link] One Month […]

Real Estate Trends

January 10, 2017

Christian Slater gets $1M for modest Hell’s Kitchen condo

By Annie Doge

Christian Slater made headlines Sunday night with his obviously baffled reaction to Tom Hiddleston's Golden Globes acceptance speech, but now that we've seen Slater's rather mundane Midtown condo, we're the ones a bit confused. LL NYC reports that the "Mr. Robot" actor has sold his two-bedroom Hell's Kitchen apartment for $1.1 million; he bought it for $882,500 in 2005. But as LL notes, the sparse listing photos seem to imply that he didn't spend much time there.
See the rest

January 10, 2017

Construction update: FXFOWLE’s Circa Central Park nears the finish line

By Dana Schulz

Last we heard from Circa Central Park, the circle-hugging Central Park north condo from architects FXFOWLE and developers Artimus, the lottery had launched for 10 affordable units in the building. Seven months later, with occupancy slated for this year and nearly all apartments sold, CityRealty stopped by the Harlem site to check on construction. They've shared some great views of the nearly-completed glass, metal, and brick facade, which utilizes "a brise soleil system of horizontal louvers and vertical fins" to reduce solar gain and add depth to the structure by highlighting them in bright colors.
More details ahead

January 9, 2017

Tower 28, Queens’ soon-to-be second-tallest residential building, gets new renderings

By Dana Schulz

When it's completed in March, Long Island City's Tower 28 (formerly 28 on 28th) will be the tallest residential building in Queens at 647 feet and 57 stories--that is, until it's taken over by the 66-story Court Square City View Tower nearby (this will also overtake the 673-foot 1 Court Square as the tallest overall building in the borough). Though its superlative will be short-lived, Heatherwood Communities' rental at 42-12 28th Street will still offer panoramic views, which new renderings from architects Hill West tell us will be taken in from a top-floor observatory, as well as a host of swanky amenities to "rival any vacation destination." According to CityRealty, the new exterior and interior views also come with news that leasing will begin in March, ranging from $1,900/month studios to $7,500/month three-bedrooms.
More renderings and details ahead

January 9, 2017

Eli Manning buys $8M beachfront mansion in the Hamptons

By Annie Doge

His dreams of winning a third Super Bowl may have been squashed yesterday, but at least Eli Manning's got a nice new beachfront mansion in the Hamptons to go home to. The Post reports that the Giants Quarterback dropped $8.5 million on a three-story house in Quogue, a secluded village that isn't a surprising choice for the rather low-key NFL player. The modern home was built in 2004 and has five bedrooms, a fireplace, pool, massive backyard deck, and private beach access.
READ MORE

January 9, 2017

Manhattan real estate investor bought Donald Trump’s childhood home sight unseen for $1.4M

By Annie Doge

At the end of last month, 6sqft revealed that an anonymous New York investor had bought Donald Trump's childhood home in Jamaica Estates, Queens with plans to flip it at auction this month and turn a hefty profit. The Post has now learned that the mystery buyer--and democrat-turned Marco Rubio supporter--is Manhattan real estate mogul Michael Davis. Without ever having driven past the Tudor-style home at 85-15 Wareham Place, Davis dropped $1,390,500 on the piece of Trump ephemera, which he still plans to bring to auction next week.
Find out more

SOM reveals official rendering for American Bible Society-replacing condo-rental tower

The former American Bible Society building (L); SOM’s new design for 1865 Broadway (R)

January 6, 2017

SOM reveals official rendering for American Bible Society-replacing condo-rental tower

By Dana Schulz

In the fall of 2015, the American Bible Society moved from their long-time home at Broadway and 61st Street to Philadelphia. Their Columbus Circle/Lincoln Center headquarters was built in 1965 by architects Roy O. Allen Jr. and Donald C. Smith of Skidmore, Owings & Merrill, who created a 12-story Brutalist structure that was the first in the city constructed with load-bearing, pre-cast concrete exterior walls. But with the institution's recent departure came the sale of the building at 1865 Broadway for $300 million to AvalonBay Communities. The developer returned to the original architectural firm to create a new condo-rental tower at the site, and CityRealty has now uncovered SOM's first official rendering of what will replace their former work, which, interestingly enough, harkens back to the Brutalist aesthetic.
Find out more this way

January 6, 2017

New renderings of Court Square City View Tower, Queens’ future tallest building

By Dana Schulz

When plans were originally filed in February 2016, the Long Island City skyscraper since dubbed Court Square City View Tower was set to reach 964 feet. In April, it got bumped up to supertall status at 984 feet, making it Queens' future tallest building. It's since been dropped to 66 stories, but according to a new project page from architects Hill West (formerly Goldstein Hill & West), it will still be Long Island City's tallest tower, and therefore the tallest in the borough. CityRealty first noticed the updated details, which come with the first true renderings of the 800-unit condominium at 23-15 44th Drive. In addition to 360-degree views of Manhattan, the tower will offer an all-glass curtainwall facade, a retail base, and a slew of corner-apartment balconies.
More details ahead

Real Estate Trends

Are co-living communities the future of NYC real estate?

Bjarke Ingels’ ‘bold yet graceful’ High Line towers get new website and flashy signage

Live in John Catsimatidis’ curvy Downtown Brooklyn rental tower from $833/month

Extell’s One Manhattan Square reaches halfway point and gets its glassy skin

Designer Zac Posen snags an elegant Upper East Side penthouse for $3.5M

Construction update: Google’s Pier 57 expansion gets glassed

Map: Here’s where you can afford to live in NYC in 2018

Oscar-winning director Steven Soderbergh sells stylish Chelsea pad for $4.8M

FREE RENT: A roundup of NYC’s latest rental concessions

Tennis great Novak Djokovic buys two units in Renzo Piano’s 565 Broome SoHo

CNN’s Don Lemon sells Harlem condo for small profit

FREE RENT: A roundup of NYC’s latest rental concessions

Third lottery opens at Pacific Park Brooklyn, apply for 303 affordable units from $532/month

After seven years on the market, Keira Knightley’s former Tribeca loft finds a buyer

This $9.75M Harlem brownstone reflects neighborhood history with five floors of 19th-century elegance

First look at the $30M penthouse at Robert A.M. Stern’s 30 Park Place

FREE RENT: A roundup of NYC’s latest rental concessions

Christian Slater gets $1M for modest Hell’s Kitchen condo

Construction update: FXFOWLE’s Circa Central Park nears the finish line

Tower 28, Queens’ soon-to-be second-tallest residential building, gets new renderings

Eli Manning buys $8M beachfront mansion in the Hamptons

Manhattan real estate investor bought Donald Trump’s childhood home sight unseen for $1.4M

SOM reveals official rendering for American Bible Society-replacing condo-rental tower

New renderings of Court Square City View Tower, Queens’ future tallest building

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