Midtown East

A rendering of 666 Fifth Avenue, courtesy of Kushner Companies/Zaha Hadid Architects

September 14, 2017

Problems at 666 Fifth Avenue tower linked to Jared Kushner’s White House role

In 2007, Kushner Companies purchased a 41-story tower in Midtown for $1.8 billion, which was the most expensive real estate deal ever in the U.S. at the time. The transaction of 666 Fifth Avenue, coordinated by Jared Kushner, now a senior advisor to President Donald Trump, was ill-timed, making the purchase just before the economic recession. As the Washington Post reported, the Fifth Avenue project is one of the most financially troubled for Kushner Cos., with one-fourth of office space empty, and its lease revenue not covering monthly interest payments. While Kushner has divested his stake in the property to avoid conflicts of interest, the property's value has dropped and foreign entities have withdrawn financial support. Currently, Kushner’s dealings are under investigation by special counsel Robert Mueller, as part of the broader investigation into Russian collusion with the Trump campaign.
Find out more

September 8, 2017

Shoe guru Steve Madden steps into a $12.2M Billionaires’ Row condo

By Dana Schulz

Shoe brand honcho Steve Madden put his best foot forward and stepped into an impressive spread at 252 East 57th Street. The Journal reports that the company's founder and former CEO dropped $12.2 million on a five-bedroom condo at the 65-story Billionaires' Row tower designed by designed by Skidmore Owings & Merrill. Not only does his new home have a 38-foot-long living/dining area, balcony, and all the swanky fixtures and finishing one could hope for, but its 61st-floor location affords it incredible north, east, and west exposures with skyline, Central Park, and East River views.
READ MORE

City Council unanimously approves Midtown East rezoning plan

Conceptual image depicting all of the proposed sites of the East Midtown rezoning fully built out, via CityRealty

August 10, 2017

City Council unanimously approves Midtown East rezoning plan

By Devin Gannon

After five years, the City Council approved a rezoning for Manhattan’s Midtown East on Wednesday, by a 42-0 vote. The proposal will rezone roughly 78 blocks, running from East 39th Street to East 57th Street and from Third Avenue to Madison Avenue, clearing the way for 6.5 million square feet of office space in the area. A new updated zoning code is expected to incentivize new, dense development, allowing Midtown to compete with other booming business districts in the borough like Hudson Yards and the Financial District. As the New York Times reported, this change which lets developers build to a higher floor area ratio could result in new supertall towers.
Find out more

Policy

August 8, 2017

Elizabeth Arden’s former Sutton Place townhouse hits the market for $16M

By Devin Gannon

A single-family townhouse in affluent Sutton Place has hit the market for $16 million. The home, located at 4 Sutton Square, was built in 1921 for Henry Sprague, the inventor of the Sprague gas meter. Beauty entrepreneur Florence M. Lewis, better known professionally as Elizabeth Arden, and Michael Jeffries, president of Abercrombie & Fitch, have also called the exclusive, five-story pad home. Last year, the 4,000-square-foot, four bedroom home was on the market for $19.95 million.
See inside

August 1, 2017

Clive Davis chops the price of his ritzy Midtown duplex to $6.996M

By Annie Doge

Back in 2015, five-time Grammy Award-winning producer and Sony Music Entertainment's chief creative officer Clive Davis bought two units at 465 Park Avenue for $3.4 million, combining them to create a contemporary, art-filled duplex for an unknown family member. However, just a year later, "things changed" for this relative, and he listed the pad for $7.8 million. Despite the super-swanky design and ritzy decor, he's had a hard time unloading the home, and Mansion Global now reports that he's chopped the price by 10 percent to $6,995,000.
Take the tour

July 14, 2017

Rosie O’Donnell drops $8M on a swanky Midtown East penthouse

By Annie Doge

Nearly two years after selling her chic Greenwich Village penthouse, Rosie O'Donnell finally has a new NYC home (she spends the majority of her time at her other house in Nyack). According to city records, Rosie dropped $8 million on a triplex penthouse at Midtown East's 255 East 49th Street. The uber-modern residence is a sprawling 3,563 square feet and has swanky features like a black granite fireplace in the living room, a huge glass walled television in the master bathroom, a sculptural Guggenheim-inspired staircase, an indoor two-person Swedish sauna, and a giant rooftop terrace with views of the Empire and Chrysler Buildings and the East River.
Take a look around

July 6, 2017

Grand Central will temporarily restore intercity rail service for the first time in 26 years

By Devin Gannon

Ahead of repair work set to begin at Penn Station next week, Amtrak said it will reroute some trains each weekday to Grand Central Terminal. For the first time since 1991, passengers will use the iconic Beaux-Arts terminal to reach destinations along the Hudson River Valley, like Rhinecliff, Hudson and Albany. As the New York Times reported, Amtrak will reroute six of their Empire Service trains to Grand Central instead of Penn Station from July 10 to Sept. 1.
Find out more

Transit

Locals employ new zoning strategy to keep skyscrapers from rising in Midtown East

New rendering of the entrance to 430 East 58th Street, also known as Sutton 58. Photo: Thomas Juul-Hansen

July 6, 2017

Locals employ new zoning strategy to keep skyscrapers from rising in Midtown East

By Michelle Cohen

In what they're calling an "unprecedented citizens' application," the East River 50s Alliance, a Sutton Place/Midtown community group, has mounted a renewed campaign to oppose an 800-foot tall condo tower that's rising at 430 East 58th Street, the Wall Street Journal reports. As 6sqft previously reported, the developers of the new tower, Gamma Real Estate, closed on the $86 million site earlier this year in a bankruptcy sale and hired Danish-born architect Thomas Juul-Hansen to design the new skyscraper. The group has filed an application for a zoning change that calls for a ban on tall towers in a 10-square-block area; developers regularly file for zoning changes that cover only the property they're looking to build on.
Find out more

New Developments

The history behind 42nd Street’s lost Airlines Terminal Building

A vintage postcard of the Airlines Terminal Building, via drivingfordeco.com

June 23, 2017

The history behind 42nd Street’s lost Airlines Terminal Building

By Devin Gannon

For more than 30 years, the Art Deco-style Airlines Terminal Building served millions of travelers as a spot where flight tickets servicing New York could be purchased and where passengers could board shuttle buses to take them to the various airports. The building, located on the southwest corner of Park Avenue and 42nd Street, sat on the former site of the Hotel Belmont, which was built in 1906 and later demolished in 1930. Construction of the Airlines Terminal began in 1939 to create the chic, futuristic design, which included a steel frame and a crown flanked by two eagles.
Find out more

History

June 23, 2017

PHOTOS: First steel column installed at 1401-foot One Vanderbilt, NYC’s second-tallest skyscraper

By Devin Gannon

With the installation of its first steel column, One Vanderbilt, soon to be New York City’s second-tallest skyscraper, officially began vertical construction on Friday. Banker Steel Company provided the 26,000 tons of domestically milled and fabricated structural steel for development, which included the first 20-ton column installed. According to the team, the construction of One Vanderbilt is three weeks ahead of schedule. SL Green Realty and AECOM Tishman say the supertall skyscraper will add to the modernization of East Midtown’s business district, as the office building will boast column-free floors, floor-to-ceiling windows, and 360-degree views.
See more here

My 408sqft: A Tudor City historian lives maximally in a micro-studio using furniture on wheels

6sqft’s ongoing series “My sqft” checks out the homes of New Yorkers across all the boroughs. Our latest interior adventure brings us to the Tudor City studio of Brian Thompson. Want to see your home featured here? Get in touch!

June 19, 2017

My 408sqft: A Tudor City historian lives maximally in a micro-studio using furniture on wheels

By Diane Pham

We've seen many solutions for tiny living employed here at 6sqft, from transforming furniture to elaborate built-ins to adding color and patterns to trick the eye, but as far as living minimally has gone, we're not sure if we've seen a home opt for such a straightforward—but artful—setup. Located in the quaint and picturesque neighborhood of Tudor City is the 408-square-foot apartment of historian, activist, and real estate broker Brian Thompson. Rather than outfitting his apartment with built-in seating or complex hidden furniture (though he does have a Murphy bed), Brian has opted for an ultra-minimal setup that includes just three pieces of furniture: a couch, a bookshelf, and a desk—all of which can be arranged into an infinite number of livable layouts with just a simple push or a pull.
See more inside Brian's incredible tiny home

June 9, 2017

Dramatic Sutton deco duplex that belonged to Sen. Jacob Javits asks $5.2M

By Michelle Cohen

New York City's classic pre-war co-ops are in an elegant class by themselves, with beamed high ceilings, big casement windows, entry halls and galleries, maid's rooms and gracious spaces in general. The more interesting among them tend to be those in which the customized luxury of their longtime residents has been preserved. Such is case with this spacious duplex at 322 East 57th Street in Sutton Place (where you'll find a lot of preserved customized luxury). The listing describes the three-bedroom deco-era co-op, listed for $5.195 million, as "exquisite, dramatic and unique." Designed in 1933 by renowned architect Joseph Urban, the 3,300 square-foot apartment was for 40 years the home of the late Senator Jacob Javits and his wife, Marian, who died earlier this year. And while it's likely that there are many updates to be made, there are also many surprising details that have returned with today's trends.
Check out the glass cube

City Planning Commission officially approves Midtown East Rezoning

Conceptual image depicting all of the proposed sites of the East Midtown rezoning fully built out, via CityRealty

June 7, 2017

City Planning Commission officially approves Midtown East Rezoning

By Devin Gannon

The City Planning Commission unanimously approved the long-awaited rezoning plan for Midtown East on Wednesday, which will rezone 78 blocks in hopes of modernizing the neighborhood. The plan, which was released last August, follows Mayor Bloomberg’s failed attempt to rezone the area in 2013. According to the Real Deal, the proposal would create 6.5 million square feet of new office space over the next twenty years. This would potentially encourage taller and more modern office towers, attracting more commercial and corporate tenants.
Find out more

Policy

Midtown’s tiny Greenacre Park fights for light among sky-high skyscrapers

Terry Tynes via flickr (CC)

May 23, 2017

Midtown’s tiny Greenacre Park fights for light among sky-high skyscrapers

By Devin Gannon

As a small oasis in the center of Manhattan, Greenacre Park is home to honey locust trees, azaleas, pansies and a 25-foot-high waterfall, all taking up just 6,360 square feet of space. However, the city’s plan to rezone Midtown East to allow for more commercial buildings worries some advocates who say it may deplete Greenacre Park from any sunlight, as the Times reported. But the Municipal Art Society, New Yorkers for Parks, Manhattan Borough President Gale Brewer and Councilmember Daniel Garodnick, are backing a campaign called "Fight For Light" to protect the park's right to sunlight.
Get the full scoop

Policy

52 wave sculptures designed by celebrities like Slash and Cara Delevigne hit NYC

Jason deCaires Taylor’s “Silent Evolution” wave via Roosevelt Island Operating Corporation

May 22, 2017

52 wave sculptures designed by celebrities like Slash and Cara Delevigne hit NYC

By Devin Gannon

Ocean conservation nonprofit Project 0 has partnered with luxury skin care brand La Mer, to bring 52 wave-shaped sculptures designed by artists and entertainers like Keith Richards, Slash, Sienna Miller, Rita Ora, Cara Delevigne to NYC. Between May 20 and June 21, the La Mer Wave Walk will feature public art pieces throughout the five boroughs to raise awareness about ocean conservancy, as DNA Info learned. The installations will be up for auction on June 21, with all proceeds going to the charity La Mer Blue Heart Oceans Fund for Project 0.
Find out more

The Campbell Apartment: Grand Central Terminal’s historic ‘secret’ bar reopens

Image of The Campbell Bar via Facebook.

May 17, 2017

The Campbell Apartment: Grand Central Terminal’s historic ‘secret’ bar reopens

By Michelle Cohen

Though we're getting used to bidding farewell to our favorite vestiges of old New York, the May 17 reopening of historic and elegant cocktail establishment Campbell Apartment brings a rare reprieve to that familiar scenario, as The New York Times reports. Shuttered in July, the iconic lounge tucked away deep within Grand Central Terminal will reopen as an expanded version of the original. Both its slightly hidden nature and the establishment’s dress code will not be returning in its newest incarnation. The new, easier-to-find bar will be run by the Gerber Group, who says they want the bar to be less stuffy, hopefully without losing any of the historic and genteel appeal that made it a favorite grown-up rendezvous spot and a great way to impress a date.
Find out the story behind this unique NYC space

May 15, 2017

French-inspired townhouse asks $8.5M on Sutton Place

By Emily Nonko

This $8.5 million townhouse at 19 Sutton Place boasts an interesting backstory dating to the 1920s. The home--like most others in the area--was built as an unassuming brownstone in the late 1800s. In 1920, the wealthy literary agent Elisabeth Marbury, with her partner Elsie de Wolfe, a well-known decorator, moved to the block and hired an architect to transform a nearby townhouse into a neo-Georgian townhouse. Millionaires followed suit, moving in and redesigning the homes of Sutton Place. At 19 Sutton, banker B. Stafford Mantz transformed the brownstone into a "provincial Louis XVI townhouse of grey and brown brick" according to Daytonian in Manhattan. And today, the interior boasts elegant spaces with high ceilings, five wood-burning fireplaces, and its own elevator.
Take a look around

May 4, 2017

Terra cotta figures that adorned building demolished for One Vanderbilt construction seek a new home

By Michelle Cohen

A rescued collection of terra cotta building facade figures–including naked cherubs, smiling porpoises and the head of Neptune–that once adorned an 18-story office building next to Grand Central Station are in need of a new home. The building was demolished to make way for the under-construction One Vanderbilt skyscraper; at the urging of New York Landmarks Conservancy Chair Lloyd Zuckerberg, the new building's developer, SL Green Realty Corp., saved the three terra cotta panels from the facade of 51 East 42nd Street. Warren and Wetmore, the building's architects, also designed the station.
Find out more

May 2, 2017

EVENT: Learn about the history of Tudor City, its micro-apartments, and its struggle to save its parks

By Diane Pham

Can you locate Tudor City on a map? Did you know it was a development used to clear out undesirable slums along the waterfront? Have you heard it contains more than 2,200 apartments smaller than 400 square feet—"the antique mother load of micro-living"? As far as New York City's hidden gems go, Tudor City is a neighborhood that is often overlooked. But if you're one who is interested in history, architecture, urban design, or all of the above, this verdant east side enclave is one that deserves at least an hour or two of exploration. On May 5th, 6th and 7th you'll get a chance delve deep into the history of this incredible 11-building development, as local historian and activist Brian K. Thompson leads several free public tours through early 20th-century development.
more details here

May 2, 2017

Congress budget deal will reimburse NYC for Trump Tower security in ‘protection package’ split with Florida

By Michelle Cohen

Congress agreed to a budget deal Sunday night that allocates money to pay New York City back for funds spent on protecting Trump Tower, reports the New York Daily News. The bipartisan agreement creates a $68 million "protection package," which will reportedly be split with Florida, where Trump's Palm Beach Mar-a-Lago mansion serves as his vacation home.
Find out more

April 28, 2017

For $6.25M this classy classic 7 on Beekman Place has gorgeous bones and river views

By Michelle Cohen

Occupying the full fourth floor of the Campanile building at 450 East 52nd Street amid the understated old Manhattan elegance of Beekman Place on the East River, this renovated 3,000-square-foot three-bedroom home offers stunning river views from every room. The stately co-op building was the Mayfair Yacht Club until 1933 and later home to Greta Garbo, Rex Harrison, H.J. Heinz, Mary Martin and the Rothschilds among others. The apartment's rich original details have been impeccably maintained, while every modern luxury has been painstakingly added.
Check out these rooms with a view

Distinctive Homes

April 26, 2017

City will spend $100M on a new esplanade to close the gap along Manhattan’s East River greenway

By Michelle Cohen

Mayor Bill de Blasio announced Tuesday that the city would develop the gap in the Manhattan waterfront greenway that runs between 41st and 61st Streets along the East River. The city has pledged to spend $100 million on closing the largest unfinished space in the 32-mile loop, including a new esplanade, with an additional $5 million to be spent on filling smaller gaps in East Harlem and Inwood. “The Hudson River Greenway has vastly improved quality of life on the West Side, and we want families in every corner in the borough to have that same access to bike, walk and play along the water,” said the mayor in a statement. “This is the first of many big investments we’ll make as we bring the full Greenway to reality.”
Find out more

April 20, 2017

Midtown’s 1,401-foot One Vanderbilt to begin vertical construction next month

By Diane Pham

One of the city's most pivotal new office towers is approaching its latest milestone. This afternoon, developer SL Green announced that One Vanderbilt, the supertall currently under construction directly adjacent to Grand Central Terminal, will begin its vertical ascent in early May. According to a press release, the 1,401-foot skyscraper's construction manager, AECOM Tishman, has secured the procurement of more than 25,000 tons of domestically-fabricated structural steel, in addition to a New Building Permit from the New York City Department of Buildings.
more details here

April 20, 2017

The Apple Store’s iconic Fifth Avenue glass cube will be temporarily removed

By Dana Schulz

Boston Properties, who owns the former General Motors Building at 767 Fifth Avenue that has the Apple flagship located on its lower level, was issued a permit by the Department of Buildings to remove the iconic glass cube outside the store's entrance. The Post reports that it'll cost a staggering $2 million to take the structure down while Apple expands the Midtown location from 32,000 to 77,000 square feet.
READ MORE

Uncategorized

April 13, 2017

For $375K, this Tudor City studio is old-world elegance with amenities

By Michelle Cohen

On the eastern fringe of bustling Midtown, the (mostly) pre-war Tudor City complex was built as rentals by Fred French in the 1920s to give office workers easy access to their jobs while enjoying efficient and elegant living conditions. The buildings were converted to co-ops in the 1980s, and they've retained their elegance and compact efficiency. Woodstock Tower at 320 East 42nd Street is one of the most charming buildings among them, and this cheerful studio with city views, asking a pied-a-terre-friendly $375,000, is a fine example.
Lots of photos, this way

Distinctive Homes

April 10, 2017

There’s plenty of charm packed into this 330-square-foot Tudor City pad, asking $364K

By Emily Nonko

You can do a lot with 330 square feet, and for proof, look no further than this studio apartment at 45 Tudor City Place, one of the co-ops that makes up Tudor City in Murray Hill. The unit has just hit the market for an appealing price tag of $364,000. It's a corner studio with exposures to the south and west and views over Tudor City Park. Large closets and a murphy bed help with storage, while high ceilings and the large, original windows provide extra breathing room.
See more right this way

Distinctive Homes

Gamma Real Estate closes on $86M purchase of 3 Sutton Place, taps Thomas Juul-Hansen for new design

The original rendering of 3 Sutton Place by Foster + Partners

April 10, 2017

Gamma Real Estate closes on $86M purchase of 3 Sutton Place, taps Thomas Juul-Hansen for new design

By Devin Gannon

Following a contentious legal battle, Gamma Real Estate has won the foreclosure auction and closed on the $86 million acquisition of 3 Sutton Place, a development site where the firm plans on building a 700-foot-tall condominium tower. As Commercial Observer learned, this includes three neighboring lots at 428-432 East 58th Street between First Avenue and Sutton Place. Earlier this year, 6sqft explained that a bankruptcy judge authorized the sale of the property after Joseph Beninati’s Bauhouse Group failed to pay back creditors. While Stephen B Jacobs remains the executive architect, Gamma has hired Thomas Juul-Hansen, a Danish-born architect, who will design the skyscraper.
Find out more

Real Estate Trends

Midtown East

Pitch a Story

Interested in seeing the property in person?

Interested in seeing the property in person?

Distinctive Post Form

Get in Touch

Send us a Tip

Interesting in learning more about purchasing a new home?

Thinking about selling your home?

Sell a Home (Footer)

Before You Move On from this Page.

Your Daily Doseof NYC Life!

Before You Move On
from this Page.

Your Daily Dose
of NYC Life!