Real Estate Trends

In addition to being one of the world's most iconic artists, Andy Warhol appears to have had the Midas touch for real estate. In 2013, Warhol's one-time townhouse on Lexington Avenue sold $5.5 million—he paid just $60,000 for it in 1959; then last October, the artist's former Montauk compound, which he paid just $225,000 for in 1972, sold for a whopping $50 million; and now, as The Real Deal reports, the ramshackle Upper East Side studio he rented for paltry $150 a month has just traded hands for an incredible $9.9 million.
find out more

November 18, 2016

Long Island’s ‘Amityville Horror’ house finds a brave buyer

Presumably unfazed by the gruesome murders that took place there in 1974, an anonymous buyer has picked up Long Island's notorious "Amityville Horror" house. The five-bedroom Dutch Colonial came on the market for $850,000 in June, and Newsday now reports that it went into contract this week. Likely due to the fact that the address is where then-23-year-old Ronald DeFeo Jr. shot his parents and four younger sisters while they slept, the listing broker said she won't "discuss the terms of a sale until it’s closed."
Find out more

Real Estate Trends

November 17, 2016

Budget woes and design disagreements cause Port Authority to stall on new bus terminal plans

Just two months ago, West Side elected officials and the Port Authority agreed to move ahead on the 10-year, $10 billion capital project to replace the current Bus Terminal, releasing five design proposals for a new building. But officials at the bi-state agency "have reached an impasse" on the project due to budget concerns and disagreements on the design, reports Crain's.
The full story

Real Estate Trends

Richard Meier, Rafael Viñoly, and KPF release designs for Upper West Side waterfront development

Towers L to R: Rafael Viñoly, Richard Meier, Kohn Pedersen Fox

November 17, 2016

Richard Meier, Rafael Viñoly, and KPF release designs for Upper West Side waterfront development

Forty-two years after Donald Trump first proposed a mixed-use development on the Upper West Side waterfront, one of the final pieces of the puzzle is coming together. Curbed got their hands on sparkling new renderings of what's now being called Waterline Square, a trio of residential towers on the five-acre site between West 59th and 61st Streets that's part of Riverside Center. In addition to views of the glassy structures, which will offer a combination of condos and rentals, and a Mathews Nielsen-designed park, what makes the reveal so exciting is the roster of starchitects behind the towers--Richard Meier and Partners, Rafael Viñoly Architects, and Kohn Pedersen Fox Associates.
More details and renderings

Upper West Side buildings to dump Trump name following petition

Trump Place Apartments courtesy of Nick Normal’s Flickr

November 15, 2016

Upper West Side buildings to dump Trump name following petition

“The building is beautiful, the service is impeccable,” Marjorie Jacobs, a resident of the Upper West Side complex currently known as Trump Place told Bloomberg in October, “But the name is very embarrassing." An outcry by similarly-minded residents and a petition have culminated in the decision to remove the president-elect's name from the buildings and instead name them according to their street addresses at 140, 160 and 180 Riverside Boulevard, reports Crains.
Find out more

Real Estate Trends

November 14, 2016

Queens, Brooklyn see ‘drastic’ rise in foreclosures

October brought a significant spike in home mortgage foreclosure rates, according to The New York Post, with more than 1,100 homes heading into foreclosure. That number represents a 32 percent increase from the previous month and a 37 percent increase from one year ago, with 400 new cases in Queens (nearly twice as many as a year ago). 365 cases were recorded in Brooklyn, a 20 percent increase, with the state overall seeing a 15 percent increase since September and 10 percent year over year, according research by Attom Data Solutions.
Find out more

Real Estate Trends

Trump Tower residents are sick of protestors; problem unlikely to improve

Photo via Kristal T/Flickr

November 11, 2016

Trump Tower residents are sick of protestors; problem unlikely to improve

Since Donald Trump announced his run for office, Trump Tower, where the President-elect both lives and keeps his political headquarters, has been a hotspot for protestors. While in the past few months, inconveniences haven't escalated far beyond anti-Trumpers stopping by to give the building the finger, after the 2016 election results were announced, it's become veritable zoo outside the 5th Avenue tower as thousands have convened to denounce (and to be sure, support) a Trump presidency. The situation has become a major disruption for residents of the luxury skyscraper who are now annoyed with the crowds. As The Post so fittingly writes, "It’s not so easy being a member of the 1 percent if you live at Trump Tower."
more on the complaints here

November 10, 2016

Real estate industry likely to benefit from a Trump presidency

The city's real estate industry isn't too worried about a Donald Trump presidency. Real estate insiders feel that the man whose family's fortune was made in the industry and padded by its favorable tax breaks, foreign investments and still-rising market will be unlikely to bite the hand that has fed it so well, Crains reports.
Loopholes safe; affordable housing not so much

Sports Illustrated model Kate Bock picks up sleek, $1.35M Greenwich Village duplex

Things have been heating up between Cleveland Cavaliers basketball player Kevin Love and Canadian supermodel Kate Bock, but the Sports Illustrated beauty doesn't seem to be settling down in Ohio anytime soon. The Post reports that she's the lucky new owner of this sleek Greenwich Village duplex, last listed for $1.35 million. Located in the Cast Iron Building at 67 East 11th Street, the one-bedroom loft boasts a mod, all-white interior highlighted by two enormous ten-foot windows and a contemporary floating staircase.
Take a look around

November 9, 2016

Soori High Line penthouse with its own private pool hits the market for $22.5M

By Emily Nonko

The new Chelsea condo Soori High Line, at 522 West 29th Street, has made headlines for apartments that come with their own private pools. And now one of the building's most luxurious condos has hit the market—a penthouse triplex asking $22.5 million. This pad boasts nearly 20 foot ceilings and one incredible, 25-foot-long, four-foot-deep heated rooftop pool.
Take a look

November 8, 2016

Even more pricey condos are coming to Billionaires’ Row

Back in September, there were murmurs that the Feil Organization had plans to convert a 57th Street office building into residences. As it turns out, Billionaires' Row will indeed soon find itself with another 34 high-end condos in tow. As Yimby first reports, plans were filed last week to convert a 14-story, 1907 commercial tower at 140 West 57th Street into a mixed-use property that would keep an existing grocery story at its base, but transform the building's upper 12 floors into 70,885 square feet of upscale living space.
more details here

November 7, 2016

Proposed Penn Station-topping free-fall ride gets new video, details

When developers at Brooklyn Capital Partners and designers at AE Superlab revealed their proposal to erect the world's tallest free-fall ride atop Penn Station, it seemed like perhaps a commentary on Governor Cuomo's big-ticket overhaul of the station. But in fact, the team hoped their 1,200-foot Halo, as it's being called, would rise along with the renovations, serving as "an interactive beacon for the city." As 6sqft reported, "the ride’s 11 cars... could be modified to move as quickly as 100 miles per hour giving it a top-to-base free fall of about six seconds." A freshly uncovered video shows this in action, and a new project website provides more details on the logistical components, 20-month construction time period, and $130 million in annual projected revenue.
Plenty more details this way

November 7, 2016

Interior renderings, more details revealed for Richard Meier’s Turtle Bay tower

The largest and tallest building in NYC from Pritzker Prize-winning architect Richard Meier is rising at 685 First Avenue, just south of the United Nations at 39th Street and First Avenue along the East River. Though developer Sheldon Solow bought the 30,000-square-foot site as part of his Turtle Bay South master plan 16 years ago, construction only kicked off in March. A couple months later, renderings were revealed of the 42-story slab tower's dark glass facade--a departure from Meier's typical beige designs and his first ever black building--and now the Times has shared the first interior renderings, along with new details about the residential breakdown (there will be 408 rentals and 148 condominiums) architectural specifics, and amenities.
More details and renderings this way

November 3, 2016

The number of high-income renters has tripled in the last 10 years

By Metro New York

In the last decade, with the recession and an unstable housing market, even those with stable incomes have become wary of investing in a new home. This turn towards renting is reflected in the increase among wealthy households, according to an analysis from RentCafe. The data shows that from 2005 to 2015, the number of […]

Real Estate Trends

November 3, 2016

Live like a ‘Dreamgirl’ in Jennifer Hudson’s former Apthorp apartment for $21K a month

If anyone needs another reason to covet a home in the amenity-packed Apthorp, the apartment that was recently home to"Dreamgirls" Oscar winner and singer Jennifer Hudson is on the rental market for a suitably diva-esque $21,000 a month (h/t New York Post). The 3,000 square-foot 11th floor unit in the elegant Upper West Side residence at 2211 Broadway has plenty of star power on its own with four bedrooms, a marble entryway, a formal dining room, fireplaces and separate residential suites.
See more, this way

November 2, 2016

15 CPW still NYC’s most expensive building; 56 Leonard joins lineup of 100 priciest condos

Even after countless big ticket closings at blockbuster buildings like 432 Park Avenue and The Greenwich Lane, the long-admired Robert A.M. Stern-designed, Zeckendorf-developed 15 Central Park West (15 CPW) remains king. According to CityRealty's latest CR100 report—an index comprised of the top 100 condominium buildings in Manhattan—units in 15 CPW sold on average for $6,735 per square foot over 12 months, a number that is impressively higher than the index average of $2,824. Tribeca's Herzog & de Meuron-designed "Jenga tower," 56 Leonard also made its debut on the latest CR100, clocking an average price per square foot of $2,657.
find out more

Real Estate Trends

November 2, 2016

Sales launch for Extell’s Lower East Side tower One Manhattan Square

Despite community opposition against the surge of new development in the Two Bridges neighborhood, things are moving full steam ahead in the Chinatown-meets-Lower East Side area. Curbed reports that the project that started it all, One Manhattan Square, has officially launched sales for the first batch of its 815 condos, and they range from a $1.18 million one-bedroom to a $4.4 million three-bedroom. It's prices like these, as well as the 823-foot height, that have angered residents of the mostly low-rise and low-income neighborhood, but nevertheless, the huge luxury building at with an insane amenity package is well on its way to opening its doors.
Find out more this way

November 1, 2016

New renderings revealed for Essex Crossing’s 150,000 square-foot mega-market

The Essex Crossing megaproject is taking shape in the Lower East Side, most notably with the Market Line, the 150,000 square-foot retail area serving the project's buildings. Within will be the new home for the neighborhood's beloved 76-year-old Essex Street Market, upon which concept the modern retail destination was built. As 6sqft previously reported, the SHoP Architects-designed market will be among the largest in the nation. Principal Rohan Mehra of the project's retail development firm Prusik Group told Curbed that he compares the new market to Seattle’s Pike Place Market or Barcelona’s La Boqueria, “hubs of activity” all. The Market Line will stretch over 700 feet across three buildings, incorporating the new city-operated Essex Street Market and several new spaces.
More renderings this way

November 1, 2016

Uma Thurman makes a big profit on her Gramercy Park duplex

Uma Thurman's Gramercy Park duplex went into contract in May after hitting the market for $6.25 million less than two months prior. Considering the co-op at 1 Lexington Avenue came with five bedrooms, a classically elegant look, and a coveted key to the park, it's no shock that it actually closed for $6.61 million, more than five percent over ask, according to the Observer, and well over the $2.65 million the actress paid for it in 2006.
Take a look around

November 1, 2016

Is the end of the 421-a tax abatement program ‘a self-created recession’?

By Michelle Sinclair Colman

On this past January 1, the 421-a tax abatement program expired after 44 years in existence. Any new construction permitted before January will still benefit from the program, but many want to know what the expiration of this program mean for new construction? And how will the projects still under the 421-a umbrella use their […]

November 1, 2016

FiDi Birkinstock penthouse on the rental market for $20K, international antiquities included

This 3,500-square-foot penthouse atop the Setai Wall Street at 40 Broad Street in the Financial District is a stunning home by NYC standards, but the condominium also includes a world tour's worth of collected fixtures. The two-bedroom penthouse belongs to Alex Birkenstock–scion of the trendy-crunchy European sandal family–who bought the posh pad in 2011 for just under $6 million. An attempt was made in 2104 to sell the apartment for $13 million as 6sqft previously reported. But even after being eventually chopped to $9 million, the pad still doesn't appear to have changed hands. Now it's for rent for $19,995 a month, amazing spin-the-compass collections and all. For starters, there's a 1,000-pound steel and brass safe bought from the Bank of France...
Take the tour

October 31, 2016

Amy Schumer drops $12.1M on glassy Riverside Drive penthouse

Earlier this month, 6sqft shared reports that Amy Schumer toured a $15 million, historic Beaux Arts mansion at 352 Riverside Drive. But just two weeks later, the comedian closed on a more contemporary penthouse farther south along the river. Sources told the Post that she dropped $12.1 million on a 4,500-square-foot duplex at 91st Street, and after some sleuthing, 6sqft has uncovered that it's the top-floor spread at 190 Riverside Drive. The five-bedroom Upper West Side home is described as "a Malibu beach house, with the sophistication of Manhattan architecture," which is fitting considering the wrap-around terrace surrounded by glass walls and the recent renovation by Spivak Architects.
Take a virtual tour of the penthouse

October 31, 2016

Interior and amenity renderings revealed for Hub, Brooklyn’s tallest tower