Real Estate Trends

Foundation and groundwork is making headway for an upcoming rental tower at 1790-1792 Third Avenue in East Harlem. Here's our first look at the IBI Group-Gruzen Samton-designed building that will bring some 95 new rentals to the block, where it will be the tallest structure, rising 13 stories and encompassing 48,377 gross square feet of space. The rather austere design features a gunmetal-grey facade, a single setback at the ninth floor, and south-facing lot-line windows that are allowed because the developers secured the adjacent building's air rights. According to the approved permits, there will be an ambulatory facility and commercial retail space at the ground floor, and residential amenities will include a roof deck and bike storage. Some upper floor units will have views overlooking the tree-filled Cherry Hill Playground, the recently rehabilitated El Barrio's Artspace PS109, and the East River.
More ahead

March 15, 2016

Lofted Duplex With 18-Foot Ceilings Is Priced at $699K in Prospect Heights

By Emily Nonko

Hello Madison is a boutique condo building that was constructed at 925 Pacific Street, in Prospect Heights, by the Brooklyn developer Hello Living. Many of the developments feature glassy, bright and lofty apartments, and this one now on the market is no exception. It's a one bedroom that's maximizing space with a loft built upstairs. While both the loft and the apartment downstairs are compact, double heights windows and a terrace manage to lend a feeling of spaciousness.
See more of the loft

March 14, 2016

Queens’ New Skyline: A Rundown of the 30 Developments Coming to Long Island City

Watch out Hudson Yards, Midtown is moving east to Queens. Long Island City is sprouting a small city worth of skyscrapers, ushering in thousands of new residents, hundreds of hotel rooms, and a few hundred thousand square feet of office space. To help us visualize the neighborhood's upcoming transformation, the dynamos at Rockrose Development commissioned visualization experts Zum-3d to produce this exceptionally accurate depiction of the changes afoot. Inspired by the rendering, 6sqft has put together a rundown of the nearly 30 under-construction and proposed projects for the 'hood.
See the full roster ahead

March 14, 2016

New Close-Up Renderings of Brooklyn’s Future Tallest Tower

About a month ago we were treated to a lone rendering of Brooklyn’s future tallest tower at 340 Flatbush Avenue Extension (now re-dubbed 9 DeKalb Avenue) that showed its full 1,066-foot height, towering against the rest of Downtown Brooklyn. Now, Curbed has spotted a full set of views, these showing more facade details and close ups of the building's triangular base next to the historic Dime Savings Bank.
All the renderings ahead

March 14, 2016

Interested in a Flex Apartment? Here’s What You Need to Know

With rising real estate prices and shrinking spaces, flex apartments are growing in popularity with roommates, couples and families who are looking to add another room but can’t afford to move into a larger space. Flex apartments, for those who are unfamiliar, are typically a studio, one-bedroom or two-bedroom unit large enough to be converted up one level with […]

March 14, 2016

Actor Michael C. Hall Buys $4.3M Apartment in Greenwich Lane Complex

By Michelle Cohen

“Dexter” and “Six Feet Under” co-star Michael C. Hall recently turned up in city records as the buyer of a two-bedroom apartment at 160 West 12th Street for $4.3 million, according to Luxury Listings. The 1,586-square-foot condominium in the Greenwich Lane complex has beamed ceilings, a chef’s kitchen, marble mosaic flooring in the bath, and a view of the pretty Greenwich Village street. Hall recently married longtime girlfriend Morgan Macgregor, an associate editor at the Los Angeles Review of Books, and he also recently sold his Los Feliz home for $4.85 million, so it seems the couple may be warming up to New York City living.
Find out more

March 13, 2016

Downtown Wonder: How One Chase Manhattan Plaza Changed the New York Skyline

This large, boxy skyscraper at 28 Liberty Street may not be ornate or even as attractive as some of the simple glass towers we see sprouting up on the city’s side streets, but One Chase Manhattan Plaza’s architectural significance is profound. Erected in 1960, the building is accredited with bringing forth a downtown renaissance that paved the […]

March 11, 2016

Katie Couric Buys $12M Upper East Side Condo

By Annie Doge

News anchor darling Katie Couric and her husband of nearly two years, financier John Molner, have purchased a lavish Upper East Side condo for $12,168,087, according to city records released today. The five-bedroom, full-floor spread is located at 151 East 78th Street, a recently-completed building by Peter Pennoyer Architects that has only 14 residences spread across its 16 floors. Couric's new 3,966-square-foot digs are classically elegant, as the architect took a modern interpretation of the Rosario Candela-designed residences on Park and Fifth Avenues. The home begins in a private entry gallery and then opens to the entertaining and bedroom wings.
Take a look

March 11, 2016

Reel Estate: Three Movies Put New York Housing Dramas on the Big Screen

When we see New York real estate on film, living situations usually err on the side of grossly unrealistic—think freelance writer Carrie Bradshaw’s apartment with walk-in closet on “Sex and the City,” or Monica Gellar’s massive two-bedroom in Greenwich Village on “Friends.” But while there are plenty of eye rolls to go around for said and […]

New Renderings of Boerum Hill’s Nevins Condominium, Teaser Site Launched

Walk down any of Downtown Brooklyn's high streets -- Court, Fulton, or Atlantic Avenue -- and you'll experience a palpable energy that can now rival any American downtown. Thanks to its cost advantages relative to Manhattan, the surging city economy, and attractive building stock, the district seems to have reached a level of vibrancy worthy of its borough's 2.1 million inhabitants. Since a major upzoning in 2004, the one-gritty hub has attracted thousands of residents and now has more than 41 million square feet of residential, commercial, and institutional space completed, under construction, or in the pipeline, according to an NYU Rudin Center report. Along the district's southern periphery, where its new soaring tower blocks transition into the genteel streetscapes of Boerum Hill, the Nevins condominium rises at 319 Schermerhorn Street. Now Curbed has spotted the first renderings of the 21-story, 73-unit development and the newly launched registration site for prospective buyers.
More details ahead

March 10, 2016

Property Markets Group Shares New Eye Candy of 111 West 57th Street

Here's a new set of images of Property Markets Group's and JDS Development's 111 West 57th Street. In case you haven't been paying attention, the highly-anticipated tower will be among the tallest residential skyscrapers in the world, climbing some 1,421 feet high to its tip. Designed by SHoP Architects, the feathery spire is sheathed in terra cotta, bronze and a glass curtain wall. The tower will be the most slender skyscraper in the world with a height to width ratio of 24:1.
More renderings ahead

March 10, 2016

Closing Time at 432 Park: A Look at the Numbers at NYC’s Tallest and Most Expensive Building

Closings at Macklowe Properties/CIM Group‘s Billionaires’ Row blockbuster 432 Park Avenue officially commenced just eight days into the new year, and now that enough time has gone by for these sales to be re-listed as rentals, CityRealty has put together an informative infographic that takes a look at the numbers at New York City's tallest and most expensive residential building. There's a lot of fun and fascinating info to be found ahead, but one of the most surprising facts? Of the 141 units available, only 13 have sold to date.
See the full infographic here

March 10, 2016

Clinton Hill’s Waverly Brooklyn Condo Tops Out, Teaser Site Launched

By Emrys Fitzgerald

The teaser site has launched for Clinton Hill’s seven-story condo development known as Waverly Brooklyn. The project, developed by Andrew Bradfield’s Orange Management, will accommodate 48 condominium units throughout roughly 60,000 square feet of floor area. The architect is Gerner Kronick + Valcarcel Architects (GKV), who have perfected textured exteriors comprised of exposed cast-in-place concrete. Inside there will be studio, one, two, three and four-bedroom condominium residences.
More info this way

March 10, 2016

POLL: Would You Pay Extra to Live in a Building With a Personal Subway Entrance?

It’s already been pretty well documented that proximity to subway lines increases rental value. But what about subway access right in the building? Brooklyn Paper recently reported on the new AVA DoBro tower in Downtown Brooklyn that offers, in addition to swanky amenities like a heated dog run and an espresso bar, a brand new subway entrance […]

March 10, 2016

What to Know As a Foreign National Buying or Renting in New York

Buying and renting in the city can pose a challenge even for long-time New Yorkers, but for foreign nationals without citizenship or the right credit history, opportunity can quickly turn into an impossibility. But not all hope is lost for internationals looking to invest in a home stateside—one just needs to be educated on the buying process. […]

Real Estate Trends

March 10, 2016

S9 Architecture Reveals New Design for Apartment Tower at 111 Varick Street

Late last year 6sqft posted a gallery of renderings visualizing a new high-rise for Madigan Development and Robal Parking Corporation's development site at 111 Varick Street in Hudson Square. Now, on S9 Architecture's recently revamped website, we have a revised look at a different and enlarged design for the site. The published set of images shows a slightly taller tower of similar massing clad in a skin of rippling panels where each band of floors resembles a strip of paper repeatedly folded onto itself and thereafter wrapped around the building envelope.
More details ahead

March 10, 2016

Conservative Queen Ann Coulter Buys $577K Upper East Side Co-op

By Annie Doge

Most residents of the Upper East Side are Hillary supporters, but that didn't stop outspoken conservative political commentator Ann Coulter from buying a co-op in the 'hood. According to city records released today, she bought the two-bedroom home at 12 East 87th Street for $577,000. Interestingly, the sale is significantly under its $1.8 million market value, but it does have a tenant in place who's paying $1,600 a month, and the cash-only listing states that it's for "investors only."
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March 9, 2016

From the ‘Seinfeld Law’ to Doggie Interviews, The Craziest Co-Op Board Stories Around

By Lauren Price

If you think you’re in like Flynn because you’ve got the dough, you’re still far from done if you’re buying a co-op. Since co-ops account for some 75 percent of New York’s housing stock when it comes to buying, you’d better hold onto your hat. That’s because you still haven’t sat in the personal interview-hot seat with the building’s gatekeepers to not just assess your finances, but to evaluate your worth as an individual. Whether you're a billionaire, a celebrity, of just a regular Jane with designs on one of these spaces, just keep in mind that there are a set of commandments that are never to be broken. Because when they are, there will be hell to pay. We've gathered up some of the best co-op board horror stories around, with anecdotes that involve everyone from Jerry Seinfeld to Steven Spielberg to a feisty little dachshund caught up in a bait-and-switch.
some unbelievable co-op board stories here

Real Estate Trends

March 9, 2016

First Look At Harlem’s Baldwin Condominiums, Inspired By James Baldwin

In a corner of Harlem hemmed in by a steep ravine within Jackie Robinson Park and the Harlem River, a residential enclave is undergoing a renaissance. Among a string of four recently finished sale buildings, a seven-story, six-unit condominium has begun work at 306 West 148th Street, between Bradhurst Avenue and Frederick Douglass Boulevard. Conceived by Bottom Line Construction & Development (no comment), the 10,000-square-foot building is to be called The Baldwin after the eminent Harlem-born novelist, poet, playwright and social critic, James Baldwin. Channeling the author's spirit, the condo will capture in its residences "the sophisticated details and artistic flare of contemporary Harlem living."
Find out more

March 9, 2016

Affordable Housing Lottery at Colgate Close Starts in Soundview, Priced $696/Month

In the Soundview neighborhood of the Bronx, the Arker Companies has commenced the affordable housing lottery process for their latest ground-up building, Colgate Close. Located at 1092 Colgate Street, where the semi-industrial area along the Bronx River evolves into a low-scale residential community, the five-story complex will contain 32 studio and one-bedrooms targeted for low-income households earning between $25,200 and $30,250 for a single person and $27,052 and $41,460 for two people. Depending on income, studios will be priced at $696 or $847 per month and one-bedrooms at $749 and $910 per month.
More details this way

March 8, 2016

Beyer Blinder Belle Publishes Renderings of Essex Crossing’s Site 5

By Emrys Fitzgerald

The nine-site Essex Crossing plan underway on the Lower East Side will bring more than 1.9 million square feet of residential, commercial, and community space to the largest undeveloped swath of land in the borough south of 96th Street. The long-tweeked master plan is being developed by an alliance named Delancey Street Associates, which consists of BFC Partners, L+M Development Partners, and Taconic Investment Partners. The plan's site 5, located just a block southwest of the Manhattan entrance of the Williamsburg Bridge at 145 Clinton Street, will bring 211 apartments, 73,000 square feet of retail space, and a 15,000-square-foot park to the full-block parcel between Grand, Clinton, Broome and Suffolk streets. Beyer Blinder Belle Architects & Planners are the designers of the red-brick tower and recently published a set of renderings, first shown to the community in 2015, giving us a more detailed look at the $110 million, 15-story building.
More details and renderings ahead

March 7, 2016

New Renderings of the Brooklyn Navy Yard’s Office Space and Food Hall

After announcing two weeks ago that they'd be launching a free shuttle service to connect with 13 subway lines, the Brooklyn Navy Yard has now released additional details about the shuttle, as well as new renderings of Building 77's $185 million renovation, reports Brownstoner. The 1,000,000-square-foot structure, a former ammunition depot, is the largest on the site, and when it reopens in 2017 it will offer luxury commercial space, a 16,000-square-foot rooftop, and its hotly anticipated food hall to be anchored by Lower East Side mainstay Russ & Daughters. The shuttle will have WiFi and will also connect to the LIRR. Additionally, the Navy Yard will get seven Citi Bike kiosks and 1,600 parking spaces.
More details and all the renderings

March 7, 2016

Donald Trump’s NYC Properties Owe the City $27K in Unpaid Fines

Donald Trump's fellow Republican presidential candidates have been focused on him releasing tax documents, but since he claims he's not in the position to do so since he's been audited, this little tidbit might make for some good temporary fodder -- Trump's luxury Manhattan properties owe the city for 19 unpaid violations that have amounted to $27,536 over the past 12 years. I Quant NY scoured the city's building records to find that since 2000, at least 14 of his Manhattan properties have received 460 separate violations, totaling $304,165 in fines. Sure this may be a drop in the bucket for the GOP frontrunner, but it's the lack of compliance that seems troubling, especially since only 6 percent of the instances were dismissed. And 2015 had the most violations to date, with 62 separate fines for "Failure to Maintain an Elevator."
Get the rest of the details

Real Estate Trends

March 5, 2016

East 61st Street Condo Finally Reveals Itself, $82.5M Sellout Projected