Real Estate Trends

Related Companies on Thursday launched sales at The Cortland, a new 25-story waterfront luxury condo designed by Robert A.M. Stern Architects (RAMSA) with interiors from Olson Kundig. Located at 555 West 22nd Street in Chelsea, the tower offers residents views of the Hudson River and almost 20,000 square feet of amenity space. While exact pricing for all 144 loft-like residences has not been released yet, a spokesperson for the project said two-bedrooms start at just above $4 million and over $21 million for four bedrooms.
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April 5, 2022

Ralph Lauren picks up $4M co-op in his UES building of 40 years

Ralph Lauren and his wife Ricky have bought a second apartment in the same Upper East Side building where the couple has lived for the past four decades. As first reported by the New York Post and confirmed by property records, the fashion designer paid $4,000,000 for a co-op at 1107 Fifth Avenue, a 14-story building on the corner of East 92nd Street in the Carnegie Hill Historic District.
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$1.58M Seaport duplex condo is in Manhattan’s third-oldest building

Photo credit: Rise Media

April 1, 2022

$1.58M Seaport duplex condo is in Manhattan’s third-oldest building

Situated on cobblestoned Water Street in Lower Manhattan, this two-bedroom duplex condo, asking $1,575,000, sits behind the charming facade of what is said to be the borough's third-oldest surviving building. Built around 1773, the listing tells us, the Captain Joseph Rose House at 273 Water Street is “the oldest dwelling and shop, and the third oldest building surviving in Manhattan.” The apartment within, however, offers every contemporary convenience, with the extra perk of a private roof deck with World Trade Center and city skyline views.
Take a look behind the historic facade

Penthouse atop Upper East Side’s historic former Hotel Wales hits the market for $23M

Photo credit: VMI Studios

March 22, 2022

Penthouse atop Upper East Side’s historic former Hotel Wales hits the market for $23M

Capping the reinvention of the former Hotel Wales at 1295 Madison Avenue as luxury condominium residences, a newly-constructed 4,179-square-foot penthouse spanning the building's highest floor has just arrived on the market. The $23,000,000 home in the Carnegie Hill Historic District contains five bedrooms and seven bathrooms; its biggest asset, however, may be the 3,114 square feet of wrap-around terraces on two levels with Central Park views, an outdoor kitchen with a wet bar, a fireplace, and a butler’s pantry.
Get a peek at this parkside penthouse

In Harlem, a treasure-filled corner condo with a huge outdoor terrace asks $4M

All photos by Eitan Gamliely for Sotheby’s International Realty

March 16, 2022

In Harlem, a treasure-filled corner condo with a huge outdoor terrace asks $4M

What's old is new again at this totally renovated corner apartment in the center of Harlem. On the 27th floor of the high-rise condominium at 1485 Fifth Avenue, this three-bedroom home is currently a showcase of antiques and artwork. Custom built-in lighted shelving throughout the apartment displays collected treasures in the most elegant way possible. Asking $3,995,000, this Uptown aerie offers breathtaking Manhattan views through walls of windows and a layout that maximizes privacy.
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The priciest private development in the Bronx opens first residential tower with rents to match

Rendering courtesy of ArX Solutions

March 11, 2022

The priciest private development in the Bronx opens first residential tower with rents to match

The priciest private development in the Bronx opened its first residential tower this week with rents to match. Developed by Brookfield Properties, the $950 million mixed-use Bankside project is one of the largest private investments in Bronx history and sits on 4.3-acres along the Mott Haven waterfront. On Thursday, rents for the market-rate apartments at Third at Bankside were revealed, with prices ranging from $2,455/month for studio apartments to $7,334/month for a three-bedroom unit with a private terrace.
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Sales launch at Brooklyn’s first supertall, condos priced from $875K

Image courtesy of JDS Development Group

March 10, 2022

Sales launch at Brooklyn’s first supertall, condos priced from $875K

Brookyn's first and only supertall tower officially launched sales on Wednesday. Designed by SHoP Architects, the Brooklyn Tower is a 93-story skyscraper standing at 1,066 feet in Downtown Brooklyn. Located at 9 Dekalb Avenue, the building's 150 condo units start on the 53rd floor of the tower at an elevation of 535 feet, providing unparalleled views of the surrounding cityscape. Residences are priced from $875,000 for studios to $8 million for four bedrooms. One-bedrooms start at $1.2 million, two-bedrooms at $2.4 million, three-bedrooms at $2.95 million, and four-bedrooms at $5.9 million.
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Gloria Vanderbilt’s childhood home on the UES has sold for $32.2M

Photos courtesy of Douglas Elliman

March 8, 2022

Gloria Vanderbilt’s childhood home on the UES has sold for $32.2M

After hitting the market for $50 million in 2019, the seven-story Gilded-Age Upper East Side townhouse where late socialite Gloria Vanderbilt lived as a child has sold for $32.2 million. According to the New York Post, a group of Russian investors bought the 27-foot-wide mansion for $19 million in 2014 with plans to transform the property into three separate condo units and sell for $70 million. The investors sold the home at 39 East 72nd Street to an unknown buyer using an LLC, according to the newspaper.
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Photo of NYC’s Billionaires’ Row in 2020: Wikimedia commons

March 1, 2022

New transparency bill would make it harder for international elites to hide behind LLCs in NY

State Sen. Brad Hoylman and Assembly Member Emily Gallagher on Tuesday introduced legislation that would help shine a light on the money behind Limited Liability Companies (LLCs) and anonymous shell companies. The new bill would help uncover assets of international oligarchs, trace tax evaders and help hold bad landlords accountable by requiring LLCs to disclose to the NYS Department of State the names and addresses of their beneficial owners.
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$4M Tribeca loft offers privacy and plenty of room for living

For anyone who dreams of loft living but wants modern condo convenience and privacy, this freshly renovated Tribeca loft in the Sugar Warehouse at 79 Laight Street should hit a sweet spot. For $3,995,000 you get a private elevator landing, three well-distanced bedrooms, a huge entertaining space, and sparkling new finishes in an authentic, historic loft frame.
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Manhattan borough president calls for seizure of Russian oligarchs’ NYC properties

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

February 28, 2022

Manhattan borough president calls for seizure of Russian oligarchs’ NYC properties

High-profile sales deals with wealthy Russian buyers have made headlines–Dmitry Rybolovlev's $88 million condo buy at 15 Central Park West, for example–and Manhattan's trophy condos have been seen as a safe investment for Russian oligarchs. But since Russia's invasion of Ukraine, there have been calls to seize those properties, The Real Deal reports.
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A lofted upper level gives this $2.75M Chelsea condo extra living space

Photo credit: Scott Wintrow for The Corcoran Group

February 25, 2022

A lofted upper level gives this $2.75M Chelsea condo extra living space

This two-bedroom condo at 121 West 20th Street, asking $2,750,000, has classic Manhattan loft details like 15-foot ceilings, oversized windows, and cast-iron columns. A lofted mezzanine provides the second bedroom, plus office space and closets, and a new renovation adds a sleek kitchen, designer fixtures and finishes, and contemporary convenience.
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Jon Bon Jovi finds a buyer for $22M Greenwich Village condo

Photo credit: COMPASS / Shannon Dupré

February 24, 2022

Jon Bon Jovi finds a buyer for $22M Greenwich Village condo

Just a few weeks after hitting the market, the four-bedroom Greenwich Village home of musician Jon Bon Jovi has sold for $22 million. The New Jersey native listed his corner condo unit at the Greenwich Lane building earlier this month. As CityRealty reports, the apartment fetched the asking price.
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See the luxury condo towers coming to one of Greenpoint’s remaining waterfront parcels

Images courtesy of SERHANT. New Development. Renderings by Christian Eriksson, Redundant Pixel

February 23, 2022

See the luxury condo towers coming to one of Greenpoint’s remaining waterfront parcels

A new luxury residential project is set to rise on one of Greenpoint's few remaining vacant waterfront parcels. First spotted last month by CityRealty, The Huron is a two-tower condo development featuring 171 units ranging from studios to four bedrooms. Developed by Quadrum Global, the two towers boast eight exposures that maximize waterfront views and 30,000 square feet of amenity space, including an indoor saltwater pool overlooking the Manhattan skyline.
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The contemporary curves of this $15.3M Village condo hold a family-sized home

Photo credit: Tim Waltman/Evan Joseph Images

February 22, 2022

The contemporary curves of this $15.3M Village condo hold a family-sized home

This 4,535-square-foot pre-war corner condo at 65 West 13th Street in Greenwich Village has the stylish contemporary lines of a gallery and the 12-foot ceilings of a loft, with sweeping city views. A renovation designed by Workshop/APD created a perfect canvas for an art collection–and a sprawling refuge for family living. Thanks to four bedrooms in separate wings, a playroom, den, and laundry room, living in the city doesn't have to mean giving up space–though it does mean parting with $15,300,000.
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February 18, 2022

Paul McCartney sells Fifth Avenue apartment for $8.5M, at a $7M loss

Ex-Beatle Paul McCartney has just sold his Upper East Side co-op at 1045 Fifth Avenue for $8.5 million, The Real Deal reports. Sir Paul and his wife, Nancy Shevell, purchased the four-bedroom co-op in 2015 for $15.5 million. The duplex penthouse overlooking the Central Park reservoir was first listed in June for $12 million, then received another cut before going into contract in October.
More on this mid-century modern gem

$2.8M Dumbo loft solves work-life balance with side-by-side home offices

Photo courtesy of The Corcoran Group

February 15, 2022

$2.8M Dumbo loft solves work-life balance with side-by-side home offices

In the iconic Clocktower Dumbo at 1 Main Street, this 1,655-square-foot loft condo is the perfect home base for your life and your work. The $2,825,000 one-bedroom-plus loft boasts two separate compact office spaces, a flex room that's large and lined with closets, and plenty of storage throughout, in addition to a huge kitchen-dining-living room and a gracious primary suite. For inspiration, large steel-framed windows offer the neighborhood's unbeatable views of the Brooklyn Bridge, East River, and Manhattan skyline.
A very short commute, this way

New York City’s housing experts have a wish list for Mayor Adams

Mayor Eric Adams announces his housing leadership team in the rotunda at City Hall on Sunday, January 30, 2022. Michael Appleton/Mayoral Photography Office via Flickr.

February 14, 2022

New York City’s housing experts have a wish list for Mayor Adams

Shortly after taking office last month, New York City Mayor Eric Adams introduced the team that will take the lead on affordable housing strategy, headed by Jessica Katz as the city’s chief housing officer. The announcement came not a moment too soon; rents and home prices continue to rise beyond the reach of many, while homelessness and eviction threats are a growing concern. In a city where the topic of housing is never far from view every day, New Yorkers are looking to the new mayor to address the issues they feel must change. 6sqft asked individuals and organizations involved in the city's housing and real estate sectors to offer an important "wish list" item they would like to see Adams address during his time in office.
A housing wish list from NYC to Mayor Adams, this way

February 10, 2022

See inside two Upper East Side penthouses designed by Deborah Berke

Two Yorkville penthouses at 40 East End Avenue, designed by renowned architect and Yale School of Architecture Dean Deborah Berke, are ready to entice Upper East Side buyers with dazzling views, sprawling spaces, and luxurious finishes–not to mention the Lightstone building's impressive amenities. Asking $12,935,990, Penthouse 15 is a 3,645-square-foot full-floor residence with 850 square feet of amazing wrap-around terrace space. For $9,985,990, Penthouse 17 spans 3,237 square feet with a few terraces of its own. Both have four bedrooms, direct elevator access, white oak flooring, and skyline views.
Dazzling penthouse views this way

With $50M redevelopment, MetroTech Center will become ‘Brooklyn Commons’

Rendering courtesy of Brookfield Properties

February 8, 2022

With $50M redevelopment, MetroTech Center will become ‘Brooklyn Commons’

Brookfield Properties today announced the rebranding of the MetroTech Center in Downtown Brooklyn to Brooklyn Commons. The $50 million redevelopment project aims to modernize the property through the renovation of several of the office buildings within the campus, upgrades to the central public park space, and a year-round arts and event program that will be free and open to the public.
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Real Estate Trends

Penthouse at 15 Hudson Yards hits rental market for $70K/month, a new record for the neighborhood

Photo courtesy of Rich Caplan. Image is virtually staged

February 4, 2022

Penthouse at 15 Hudson Yards hits rental market for $70K/month, a new record for the neighborhood

A never-lived-in-before luxury penthouse in Hudson Yards has been listed for $70,000/month, a record-breaking asking rent for the neighborhood. The four-bedroom, five-bathroom apartment is on the 87th floor of 15 Hudson Yards, a 914-foot-tall tower designed by Diller Scofidio + Renfro. Measuring over 5,000 square feet, the unit is one of the largest residences in Hudson Yards. The massive apartment is the result of combining two units, 87C and 87D, which were purchased by the same private buyer pre-construction, combined, and renovated. The previous most expensive rental in the area was last asking $32,000/month.
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Enjoy effortless brownstone living at this $2.15M Cobble Hill condo

Images courtesy of Rachel Guzma/REPN for The Corcoran Group

February 4, 2022

Enjoy effortless brownstone living at this $2.15M Cobble Hill condo

All the work has already been done inside this pristine home within a 25-foot-wide historic Cobble Hill brownstone at 211 Warren Street. The two-bedroom, two-bath condominium, asking $2,150,000, has carefully-chosen fixtures and finishes, plenty of closet space, gracious rooms, central air, and a washer/dryer.
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$5.7M penthouse sale sets new record in Jersey City

Exterior of 75 Park Lane Jersey City (Photo: Business Wire)

February 1, 2022

$5.7M penthouse sale sets new record in Jersey City

Jersey City has a new most expensive condo. A four-bedroom, four-and-a-half-bath penthouse at 75 Park Lane closed for $5,700,000, Strategic Capital, the developer of the high-rise, announced on Tuesday. This sale takes the title from the previous record-holder in the city, 99 Hudson Street, where a penthouse sold for $4,438,500 last October.
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Real Estate Trends

For $4M, an Upper East Side condo with a designer pedigree

Photo credit: Tim Waltman

February 1, 2022

For $4M, an Upper East Side condo with a designer pedigree