Real Estate Trends

Photo credit: Coldwell Banker Warburg

January 26, 2022

$8.25M Lincoln Square condo has designer dazzle, celebrity cachet, and skyline views

Measuring over 3,000 square feet, this four-bedroom Lincoln Square condo at the Pelli Clarke Pelli-designed One West End Avenue is currently owned by eight-time Grammy winner Philip Lawrence and his wife, Urbana Lawrence, a celebrity designer/stylist. Now on the market for $8,250,000, the condo's dazzling interior was created by L.A.-based designers Patrick Dragonette and Charles Tucker, with views courtesy of New York City.
More designer dazzle, this way

This $4.25M Tribeca duplex loft comes with possibilities and planted terraces

Photo credit: REPN/Rachel Kuzma for The Corcoran Group

January 25, 2022

This $4.25M Tribeca duplex loft comes with possibilities and planted terraces

By Michelle Cohen

Asking $4,250,000, this duplex condo at 55 Vestry Street is a classic Tribeca loft with outdoor space on two floors and a flexible floor plan–if you're willing to do a bit of work. Although it's currently configured as a one-bedroom, the 2,029-square-foot loft was originally a spacious three-bedroom apartment; it can be easily returned to that layout using the already-existing floor plans.
Tour the loft

Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

Via Vornado Realty Trust and Robert A.M. Stern Architects

January 24, 2022

Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

By Devin Gannon

Earlier this month it was reported billionaire Daniel Och sold his penthouse at 220 Central Park South for $190 million, roughly double what he paid for the home in 2019. While the identity of the buyer was unknown at the time, city records first reported last week by Bloomberg show Blue Pool Capital, the firm that manages some fortunes of Alibaba co-founders Joe Tsai and Jack Ma, paid $188 million for the property.
Get the details

Real Estate Trends

Sliding glass walls meet outdoor spaces in this $10.8M penthouse atop Chelsea’s Jardim condo

Photo courtesy of Evan Joseph/Douglas Elliman

January 24, 2022

Sliding glass walls meet outdoor spaces in this $10.8M penthouse atop Chelsea’s Jardim condo

By Michelle Cohen

In addition to being Brazilian architect Isay Weinfeld’s first New York commission, the pair of buildings known as Jardim, at 527 West 27th Street, make up an architecturally unique West Chelsea oasis. The development, which launched sales in 2016, features two 11-story buildings clad in cast-concrete interspersed with ribbons of glass. Its highlight–and name inspiration–is a verdant multi-level courtyard designed by Future Green Studio. Located in the building's loftiest reaches, this 3,663-square-foot duplex penthouse, asking $10,800,000, offers seamless indoor/outdoor living in addition to three bedrooms and interiors designed by the building's architect.
Penthouse views through sliding glass, this way

$19.5M Dumbo penthouse is Brooklyn’s priciest listing

Image credit: March

January 18, 2022

$19.5M Dumbo penthouse is Brooklyn’s priciest listing

By Michelle Cohen

Asking $19.5 million, this just-listed penthouse at new condo tower Olympia Dumbo is currently Brooklyn's most expensive listing. If the five-bedroom condo at 30 Front Street fetches the asking price, it will be among the borough's most expensive sales ever. The record for Brooklyn's priciest property sale currently belongs to the Brooklyn Heights townhouse at 8 Montague Terrace which sold for $25.5 million last year, followed by a $20.3 million Quay Tower penthouse on the Brooklyn Heights waterfront. The new listing also brings the big-ticket crown to Dumbo.
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Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

220 Central Park South. Photo by Jim.henderson (cropped) via Wikimedia Commons.

January 14, 2022

Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

By Devin Gannon

Billionaire Daniel Och has sold his penthouse at 220 Central Park South for an astounding $190 million, nearly double the amount he paid for the home in 2019. As first reported by the Wall Street Journal, the sale marks one of the most expensive deals ever in New York. The buyer has not been disclosed.
Get the details

Real Estate Trends

Justin Timberlake sells Tribeca penthouse for $29M

443 Greenwich; Photo by Jim.henderson on Wikimedia

January 11, 2022

Justin Timberlake sells Tribeca penthouse for $29M

By Michelle Cohen

According to city records, Justin Timberlake has sold his 5,400-square-foot condo at 443 Greenwich Street for $29 million in an off-market sale at the end of December, the Wall Street Journal reports. Timberlake and wife Jessica Biel purchased the unit atop the celebrity-packed building in 2017 for $20.2 million.
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Donald Trump’s niece Mary Trump buys $7M condo at 565 Broome in Soho

Photo by Adrian Gaut /Edge Reps

January 10, 2022

Donald Trump’s niece Mary Trump buys $7M condo at 565 Broome in Soho

By Michelle Cohen

Mary Trump, Donald Trump's niece and author of the memoir “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” recently bought a 2,250-square-foot three-bedroom unit at the Renzo Piano-designed condominium building at 565 Broome Street for $7 million, as the Wall Street Journal reports. The 2020 book, which delves into the Trump family's background, has sold more than a million copies.
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Photo credit: David Paler for The Corcoran Group

January 7, 2022

This $8.975M Soho penthouse is a private garden retreat with a hot tub and an outdoor kitchen

By Michelle Cohen

Surrounded by a 1,344-square-foot network of lushly landscaped terraces–including a rooftop with a hot tub, outdoor kitchen, shower, and pergola–this duplex penthouse at 15 Renwick Street in Hudson Square feels like a garden in the sky. Asking $8,975,000, the 2,859-square-foot duplex has floor-to-ceiling windows and a windowed kitchen to gaze at the greenery.
Tour this indoor-outdoor paradise

$4.2M penthouse condo sets sale record in Hoboken

Photo courtesy of Douglas Elliman

January 5, 2022

$4.2M penthouse condo sets sale record in Hoboken

By Michelle Cohen

A penthouse at the Hudson Tea Building at 1500 Hudson Street has set a new record for Hoboken, New Jersey condo sales. The three-bedroom, three-bath home just sold for $4.2 million, the city's priciest condo sale ever. The newly-renovated loft–a two-unit combo–spans 2,820 square feet with direct New York City skyline views in three directions. A previous Hoboken record was held by Eli Manning's 2018 sale in the same building. The Giants quarterback sold his three-bedroom pad in the waterfront loft building for $3.55 million.
This is what $4.2M in Hoboken looks like

Real Estate Trends

$850M South Street Seaport project gets final approval

By Devin Gannon

The Howard Hughes Corporation last week got the official go-ahead from the city to build a mixed-use tower on a parking lot in the South Street Seaport. Originally proposed as a 1,000-foot-tall tower, the plan for 250 Water Street has changed many times over the last few years due to feedback from community groups and local officials, with the final result being a 324-foot-tall tower with roughly 270 apartments. The $850 million project is expected to break ground this year following remediation of the site.
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For $2.8M this newly-minted Brooklyn duplex has four bedrooms, a private terrace and parking

Photo credit: DD Reps

January 5, 2022

For $2.8M this newly-minted Brooklyn duplex has four bedrooms, a private terrace and parking

By Michelle Cohen

Here's an opportunity to live in the classic, historic Brooklyn neighborhood of Carroll Gardens while getting the benefits of new construction. Asking $2,825,000, this duplex condo at 480 Degraw Street boasts four bedrooms, two and a half baths, a spacious private terrace, and amenities like a parking garage and a pet spa.
Get a closer look

Photo by Daniel Lee on Unsplash

January 4, 2022

Manhattan housing market makes record rebound to close out 2021

By Devin Gannon

New York City real estate made a major comeback to close out 2021, experts say. According to a new report from Compass, condo and co-op sales volume hit $7 billion in the last quarter of the year, the highest of any fourth quarter on record. More than 3,400 apartments were sold in this quarter, between October 1 and December 31, up 79 percent from the previous year and the highest total in a Q4 since 2013. After Covid crippled much of the market in 2020, 2021 saw an impressive turnaround in Manhattan, particularly with the sales of luxury properties, new development condos, and townhouses.
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This $4.5M penthouse has the breathtaking bridge and Manhattan skyline views you only get in Dumbo

Photos courtesy of Douglas Elliman

January 4, 2022

This $4.5M penthouse has the breathtaking bridge and Manhattan skyline views you only get in Dumbo

By Michelle Cohen

Asking $4,500,000, this penthouse loft condo sits atop the Sweeney Building at 30 Main Street in Dumbo. The 1,887 square-foot loft has three bedrooms and 18 windows for taking in panoramic, unobstructed views of the East River, bridges, and city skylines. But the most coveted perk may be the huge private terrace where said views can be enjoyed outdoors.
Wait til you see the roof deck

For $1.8M, a charming Clinton Hill duplex with a two-level backyard and a downstairs rec room

Photos courtesy of Douglas Elliman

December 27, 2021

For $1.8M, a charming Clinton Hill duplex with a two-level backyard and a downstairs rec room

By Michelle Cohen

Asking $1,825,000, this airy duplex garden condo at 260 Greene Avenue in Clinton Hill has two official bedrooms and two and a half baths. A sunny backyard spans both levels, serving as an outdoor extension of a lower-level rec room. Known as Copper House, the new-construction condominium residence was completed in 2014.
Tour the duplex

Former Fort Greene home of Notorious B.I.G. sells for $2M

All photos courtesy of Compass

December 21, 2021

Former Fort Greene home of Notorious B.I.G. sells for $2M

By Devin Gannon

After just over three months on the market, the Fort Greene home that once belonged to the late rapper Notorious B.I.G. sold last week for $2,000,000, as the New York Post first reported. Located at 159 Carlton Avenue, the two-bedroom duplex sits within a former stable building and underwent a major renovation by the current owner, a well-known costume designer. The home, which is where Biggie lived when he released his iconic 1994 album "Ready to Die," was listed for $1,700,000 in September.
Get the details

All renderings: James Corner Field Operations and BIG- Bjarke Ingels Group

December 20, 2021

Plan for Bjarke Ingels-designed high-rises and public beach in Williamsburg is approved

By Devin Gannon

Two massive high-rise towers with over 1,000 apartments and a resilient waterfront public park are officially coming to Williamsburg. The New York City Council last week voted to approve River Ring, a development planned for River Street between North 1st and North 3rd Streets on the Brooklyn waterfront. Developed by Two Trees Management, the project includes two mixed-use buildings designed by Bjarke Ingels Group that will hold 1,050 units of housing, with 263 of them priced below market rate, as well as a new YMCA and public park. Construction is expected to begin in 2024.
Get the details

NYC’s first net-zero community moves forward in Far Rockaway

Image courtesy of Local Office Landscape/Bernheimer Architecture

December 17, 2021

NYC’s first net-zero community moves forward in Far Rockaway

By Aaron Ginsburg

After more than 40 years of planning, the construction of New York City's first net-zero community is moving forward. L+M Development Partners, the Bluestone Organization, and Triangle Equities have agreed on $30.3 million in financing, signaling the beginning of phase one of Arverne East, a sustainability-focused, mixed-use development project in Far Rockaway. The project will bring 1,650 new units of housing, with 80 percent of them affordable, to a 116-acre oceanfront site that has been vacant for more than four decades.
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City Council approves massive Grand Hyatt redevelopment project at 175 Park Avenue

Rendering by Ekoomedia, Inc. / Courtesy of Skidmore, Owings & Merrill

December 16, 2021

City Council approves massive Grand Hyatt redevelopment project at 175 Park Avenue

By Michelle Cohen

The New York City Council voted on Wednesday to allow the proposed development at the site currently occupied by the Grand Hyatt Hotel at 175 Park Avenue. New Greater East Midtown zoning rules permit developers to construct supersized towers if they are accompanied by hefty contributions to transit and public amenities. In addition to the construction of a 2.1-million-square-foot, 1,575-foot-high building with retail and office space, a new 500-room hotel, a sky lobby, a lounge, and a restaurant, the site will include 25,000 square feet of elevated, publicly accessible terraces that will host cultural and arts events. The project also promises to bring hundreds of millions of dollars in transit improvements.
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Get a first look inside the tallest tower in Brooklyn

All renderings courtesy of Gabriel Saunders unless otherwise noted.

December 13, 2021

Get a first look inside the tallest tower in Brooklyn

By Devin Gannon

After officially becoming Brooklyn's tallest building in October, the Brooklyn Tower is now showing off its sumptuous interiors. When the 1,066-foot-tall tower, the first and only supertall in the borough, opens at 9 DeKalb Avenue next year, there will be 550 total residences, with 150 condos for sales and 400 rentals. New images provide a sneak peek of the interiors designed by Gachot Studio, which was able to manipulate the tower's unique hexagonal shape for sweeping incomparable city views.
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This $1.15M Crown Heights condo has a colorful Plain English kitchen and plenty of space for dinner guests

Photos courtesy of Douglas Elliman

December 13, 2021

This $1.15M Crown Heights condo has a colorful Plain English kitchen and plenty of space for dinner guests

By Michelle Cohen

This $1,149,000 Crown Heights condo at 720 Nostrand Avenue has high-floor light, a spacious layout, and a custom kitchen that transcends the ordinary. On the fifth floor of a six-story elevator building, the two-bedroom, two-bath home also has a private balcony off the master bedroom, a washer/dryer, and pale hardwood floors throughout.
Take the tour

See the dramatic amenity space at Robert A.M. Stern’s 35-story tower on the Upper East Side

All renderings: DBOX

December 7, 2021

See the dramatic amenity space at Robert A.M. Stern’s 35-story tower on the Upper East Side

By Devin Gannon

An indoor pool room with vaulted ceilings and floor-to-ceiling arched windows and French doors facing the city skyline is just one unique perk at Robert A.M. Stern's latest residential tower. Located on the Upper East Side at 200 East 83rd Street, the luxury condo launched sales in October for the building's 86 residences and soon after broke a record for priciest sale on Third Avenue when a penthouse went into contract for $27 million. Now, we're taking a look inside the amenity spaces, from the stunning 17th-floor pool room to the romantic "winter garden" and terrace.
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Lottery opens for 24 income-restricted condos in Bed-Stuy, available to buy from $204K

Rendering courtesy of the NYC Department of Housing Preservation and Development

November 19, 2021

Lottery opens for 24 income-restricted condos in Bed-Stuy, available to buy from $204K

By Devin Gannon

Applications are now being accepted for 24 income-restricted condos available for purchase in Bed-Stuy. Located at 948 Myrtle Avenue, the apartments are open to New Yorkers earning 60 or 80 percent of the area median income, ranging from a single person with an income of between $37,500 and $50,160 and a five-person household with an income up to $103,120. Available as part of the city's Inclusionary Housing Program, the units include a mix of studio, one-, and two-bedroom homes, listed for between $203,682 and $355,811.
Find out if you qualify

Leasing launches at Queens’ second tallest tower, with rentals priced from $2,950/month

All photos: Durst Organization/ Giles Ashford

November 19, 2021

Leasing launches at Queens’ second tallest tower, with rentals priced from $2,950/month

By Devin Gannon

Leasing officially kicked off this week at the second tallest building in Queens, a 71-story rental in Long Island City. Located at 27-29 Queens Plaza North, the building, dubbed Sven, has 958 apartments, with a mix of studios to three-bedroom units priced from $2,950/month. Originally expected to become the borough's tallest building when plans were announced, the tower was surpassed by the Skyline Tower in 2019. Not only do the rentals come with stunning skyline views, but the building is the first in New York City to offer "Spireworks," an app that lets users change the colors of lights at iconic city skyscrapers.
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New report shows NYC’s wealthiest neighborhoods saw the highest pandemic exodus

Photo by Jason Krieger on Unsplash

November 17, 2021

New report shows NYC’s wealthiest neighborhoods saw the highest pandemic exodus

By Michelle Cohen

New York City Comptroller Scott Stringer's office released a report this week revealing the impact the Covid-19 pandemic had on the city's population. The numbers show that net residential migration out of NYC tripled during 2020–and residents of the city's wealthiest neighborhoods were the ones most likely to move out. But those numbers appear to be reversing to a pre-pandemic level: Since July 2021, the city has gained an estimated 6,332 residents, and outward-bound migration has actually been lower than it was in 2019.
Who left, and where did they go?

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