Midtown East

December 17, 2014

1100 Architect Transforms a Boring Midtown Loft into Their Client’s Pop Art Dream Home

This home, which was previously your average-fair Midtown penthouse, was transformed by 1100 Architect to represent the playful and vibrant Pop art sensibility of the artists their clients admire most. With an art collection boasting names like Warhol, Riley, Lichtenstein and others, this penthouse renovation could be a mini-MoMA. The interior furnishings reflect the Pop style's infamous geometric forms and hard-polished surfaces like marble agglomerate floors, lacquer, stainless steel, glass, and plastic.
Tour this bright pad here

On Sale Now: An Unofficial Black Friday Bargain Hunt!

135 West 70th Street Penthouse BC; Listing photo Douglas Elliman.

November 28, 2014

On Sale Now: An Unofficial Black Friday Bargain Hunt!

By Michelle Cohen

Late November can be an anxious time for both buyers and sellers; unpleasant weather, family events and just plain seasonal shutdown mode can reduce the traffic at open houses to a trickle and get properties pulled off the market until after New Year’s Day or even springtime. Sellers may panic and prices get cut in the hopes of getting the deal done before year’s end; it’s a good time for intrepid buyers to stay in the game, though, because the competition factor is at a minimum. After reading about Leo DiCaprio who, like Macy’s, Wal-Mart and Kohl’s, jumped the gun on the traditional discount day by price-chopping his haute-holistic Delos Living penthouse, we rounded up some stellar dwellings that received significant markdowns just in time for the popular post-Thanksgiving Day shop-a-thon. So if you’re on the hunt–or you’ve got a two-bed-two-bath-with-killer-views-sized stocking to fill–check out our list of sale merch of the real estate persuasion that–we hope–won't require you to queue up at the crack of dawn.
10 more discounted deals that are better than lords a-leaping

November 17, 2014

One Vanderbilt: New Images of Midtown East’s Zigzag Supertower

By Ondel Hylton

Recently at the Municipal Art Society's 2014 Summit for NYC, James von Klemperer, FAIA , a principal at Kohn Pederson Fox & Associates, briefed the audience with new details on the architecture firm's upcoming supertall project known as One Vanderbilt. In case you haven't been paying attention, the 68-story, 1,514-foot zigzag building is expected to become the tallest office tower in Midtown and third tallest in the city behind One World Trade Center (1,776 feet to spire tip) and Extell's Nordstrom Tower (1,775 feet to spire tip).
Check out all the new images of the supertall tower here

November 13, 2014

118 East 59th Street: Boutique Skyscraper To Rise in Hybrid Area Between Midtown and the UES

By Ondel Hylton

An exclusive condo tower is set to rise within the quickly changing area where Midtown East's commercial bustle tempers down into the elegant residential blocks of the Upper East Side. Located at 118 East 59th Street near Park Avenue, the unassuming site is being developed by Hong Kong-based Euro Properties, their first foray into the Manhattan market. The mid-block tower will soar 38 stories yet contain only 29 units–another example of the city’s new and somewhat oxymoronic building type, the boutique skyscraper, which typically contains fewer units than a standard six-story co-op building, and even fewer inhabitants. This 59th Street project will join the ranks of 432 Park Avenue (1,398 feet/104 units), 520 Park Avenue ( 781 feet/31 units), and 125 Greenwich Street (1,375 feet/128 units) as buildings with the greatest height-to-unit-count disparity.
More on the tower here

November 12, 2014

Lavish Former Home of Socialite Marietta Tree Asks $10 Million

By Aisha Carter

A charming maisonette apartment at 1 Sutton Place South just popped up on the market, asking $9.995 million. This 4,700-square-foot pad was formerly the home of Marietta Tree, a 1940s and ‘50s socialite, U.S Representative to the United Nations Commission on Human Rights, and companion to powerful men like John Huston and Adlai Stevenson. The home underwent a complete renovation in 2004 by designer Albert Hadley and architect Basil Walter. The end result channels a lavish Georgian townhouse in London.
Take a look inside, here

Distinctive Homes

November 4, 2014

Midtown Site of the Iconic Lutèce Restaurant Sells for $17M – Will It Be Demolished?

By Diane Pham

These three townhouses may not look like much to you, but they've for decades been making appearances in pop culture, from the penned to motion pictures, including The Prince of Tides, Wall Street, Crossing Delancey, and most recently, Mad Men. Located at 249-253 East 50th Street, this site once housed the world-renowned Lutèce restaurant. Though today the structures can be described as dilapidated at best, that hasn't stopped a group of Chinatown investors from scooping up the properties for $17 million from East 50th Development LLC. Now in new hands, what's up next for this famed locale?
More details here

October 14, 2014

It’s Official: 432 Park Avenue is NYC’s Tallest Residential Building

By Dana Schulz

NYC supertalls all over town are weeping: 432 Park Avenue is officially the tallest residential building in the city as of today, topping out at 1,396 feet, and the second-tallest tower after One World Trade Center. Concrete on the highest floor of the Rafael Viñoly-designed building is being poured, probably as we speak, cementing (no pun […]

October 6, 2014

Hilton to Sell the Waldorf Astoria Hotel to Chinese Insurance Company for $1.95 Billion

By Dana Schulz

It's where the Waldorf salad was invented; it was the first hotel to offer room service; and it has its own railway platform to Grand Central, large enough to fit FDR's car. The historic tidbits about the Waldorf Astoria are plenty, but now the world-famous hotel is making big changes to its future. Hilton Worldwide Holdings, who has officially owned the Art Deco landmark since 1972, has agreed to sell the 1,232-room hotel to the Anbang Insurance Group Co., a financial and insurance company based in Beijing, for $1.95 billion. Hilton, the world's largest publicly traded hotel operator, will continue to manage the property under a "strategic partnership."
More on the plans here

September 19, 2014

REVEALED: Skyline Views of KPF’s One Vanderbilt Near Grand Central

By Dana Schulz

We've been keeping a close eye on One Vanderbilt, SL Green's new 65-story office tower planned for the entire block west of Grand Central and north of East 42nd Street. Designed by Kohn Pedersen Fox, it will be the second-tallest building in the city when completed. Now, Yimby has hot-off-the-press skyline views of One Vanderbilt from KPF, and the newest NYC supertall certainly stands out amongst the nearby Empire State Building and Chrysler Building.
READ MORE

September 9, 2014

REVEALED: $210 Million Upgrade for Grand Central’s Subway Station As Part of One Vanderbilt Tower

By Dana Schulz

As part of a five-year, $210 million plan to significantly upgrade Grand Central's subway station, developer SL Green hopes to install new staircases to the train platforms, two new street-level entrances and a refurbished mezzanine level, and a 4,000-square-foot ground-level commuter waiting area. The improvements were conceived in conjunction with the MTA and the de Blasio administration earlier this year as the first component of the Midtown East Rezoning project. The transit upgrades must all be completed before tenants can occupy One Vanderbilt (planned for completion in January 2020), SL Green's new 65-story office tower planned for the entire block west of Grand Central and north of East 42nd Street. Designed by Kohn Pederson Fox, the tower will be the second-tallest building in the city when completed.
More on the upgrades ahead

August 21, 2014

Mastering the Master Plan: A Look at NYC’s Planned Neighborhoods

By Dana Schulz

We often think of the street grid as New York's greatest "master plan." Officially known as the Commissioners' Plan of 1811, this put in place the original, gridded street pattern that we still know today. But there have been several other master plans that took shape on a smaller scale within the linear configuration of Manhattan. These planned communities were largely conceived to transform blighted or underutilized areas into suburban enclaves or peaceful oases within the big city. And just like the neighborhoods that grew organically among the street grid, these master-planned areas each have a unique character. They've also influenced a new crop of developments, currently under construction on the West Side and in Brooklyn.
We take a look at planned communities that historically changed the fabric of the city, as well as those on the horizon

August 15, 2014

The Nearly Fatal Design Flaw That Could Have Sent the Citigroup Center Skyscraper Crumbling

By Jason Carpenter

When it comes to skyscrapers, we put a lot of trust in architects. We have to trust that they know what they're doing, and these seemingly impossible buildings are safe to be in and around. It's even harder to trust what used to be known as the Citicorp or Citigroup Center, now 601 Lexington Avenue, whose bottom floors are like four stilts, holding 50 stories of building above them. It looks like a strong wind would blow the whole structure over. And when the building was constructed in 1977, before some emergency repairs, that was true.
The dangerous details after the break

July 22, 2014

Stop the Presses: You Can Reside at the St. Regis for Only $389K. Well, Sort of…

By Stephanie Hoina

Here’s a great little twist on the New York City real estate market, courtesy of the recent trend to convert rooms in some of Manhattan’s most exclusive hotels into condominium apartments: fractional ownership—the timeshare to end all timeshares. That’s right, now you can savor the pleasure of residing at one of the most glamorous addresses in the world with all the amenities the St. Regis has to offer, including the Remede Spa and Fitness center, salon, twice daily maid service, and 24-hour butler service—all without having to shell out the multimillion dollar sums typically associated with this kind of elegant living.
See what fractional ownership puts within reach

Distinctive Homes

July 20, 2014

The New York Architecture Day Trip: From Colonial to Deconstructivism in Manhattan

By Jason Carpenter

New York has a long history of great architecture. From the very beginnings in the colonial period to today, there are more great buildings to see in New York than anywhere else on the planet. Thankfully, with this guide, you can see them all in one simple south-north trip across Manhattan. Many great buildings are too tall or difficult to see up close, so we've chosen an example of each style of New York architecture that can also be appreciated from the ground level, rather than forcing you to gawk straight up at a skyscraper. Check out our New York architecture day trip.
Get your itinerary here

July 11, 2014

NYC Events 7/11: Art Battle in Staten Island; Tour the Woolworth Building

By Lori Zimmer

This week, we've got a well-rounded roster of events for you, spanning from sticker art to rare architecture to dance and film. Pay a visit to one of our fair city's oft forgotten boroughs and sail the high seas on over to Staten Island for Saturday's take over, which will transform Artist Alley into a festival of live art making, drinks, and music. Next week, break out the picnic blanket and catch a free summer flick in Midtown's best park, or wake yourself up with not only a coffee and fresh juice, but a raging (pre-work) dance party. Treat your architectural side to a private tour of very private sites—the newly renovated United Nations chambers or the closed-to-the-public lobby of the Woolworth building—and then finish the week off by satiating your inner modern art nerd with the contemporary abstractions of Carly Ivan Garcia.
All the best events here

June 30, 2014

Seamless Fusion of Units Makes $3.8M Sutton Place Gem Largest Apartment Ever Offered at Plaza 400

By Stephanie Hoina

Let’s just cut to the chase. Someone, somewhere along the way, had the brilliant idea (and a bank account to match) to combine three adjacent apartments at Plaza 400 into this sprawling 2,800-square-foot home. So if city living with suburban-sized rooms is on your bucket list and you've got $3.8 million to spare, look no further than this 5BR/4BA apartment located at 400 East 56th Street.
See the end result

Distinctive Homes

June 23, 2014

Temporary Treasures: Frank Lloyd Wright’s Demolished New York Buildings

By Jason Carpenter

Frank Lloyd Wright is one of architecture's most important figures, and you can see his work in five countries and 37 of 50 states. But when it comes to New York City, there is only one major Wright construction to be found: The Guggenheim. There is also a pre-fab house in Staten Island and one in Blauvelt just north of the city, but what other work did he do in the five boroughs? It turns out that Wright designed two other major projects in NYC, but both have been demolished. Here's a look at these lost works by the great architect.
See the historic Frank Lloyd Wright works here

June 13, 2014

GLUCK+’s Showstopping Facade on This Midtown Townhouse Hides a Space-Efficient Home

By Patty Lee

There's no doubt that the aluminium facade of this Midtown townhouse is a showstopper. Set between two traditional red brick homes on East 51st Street, the building's shiny, punctuated front is sure to get every passersby's attention. But it wasn't designed just to become talk of the town — it's also meant to give the owners some much-needed privacy.
The interiors are just as unique

June 11, 2014

Silvershore Investors Attempt a Flip for the Record Books on a Sutton Place Townhouse

By Aisha Carter

Last month, Jason Silverstein and David Shorenstein of Silvershore Properties along with investor Norman P. Rappaport purchased a $7.8 million Sutton Place townhouse. And just like that, they’re flipping it with an asking price of… wait for it… $19.95 million. We’re not sure what rabbit Brown Harris Stevens listing agent Paula Del Nunzio plans to pull out of the hat but achieving a flip that big would be nothing short of spectacular. However, according to her webpage, she already has a few record-breaking sales under her belt.
More photos of the townhouse here

June 10, 2014

Philip Johnson-Designed Sony Building to Get 96 Luxury Condos by Chetrit Group

By Dana Schulz

The Philip Johnson-designed Sony Tower at 550 Madison Avenue, one of the most notable postmodern office towers in New York City, is set to be partially converted to high-end condos, as states planes filed by developer Chetrit Group. It's not known which of the building's 37 floors the residential units will occupy, but Chetrit, led by Joseph Chetrit, has said in the past that it will convert the upper floors and either keep the lower floors as offices or turn them into a luxury hotel. Construction likely won't begin for at least one to two years since Sony still leases office space. When the developer purchased the building from Sony in 2013 for $1.1 billion at auction, Sony committed to remaining in the offices for around three years until moving to a new space near Madison Square. Chetrit outbid 21 rivals and paid $685 million more for the building than Sony did in 2002.
Find out more about the development here

May 30, 2014

One Vanderbilt: New 65-Story Tower Near Grand Central to Stand Taller Than the Chrysler Building

By Aisha Carter

It looks like the Chrysler Building is about to get a new neighbor. According to the New York Times, SL Green has reportedly proposed the development of a 1,200-foot, 65-story tower that would occupy the block between 42nd and 43rd Streets, and Vanderbilt and Madison Avenues. This proposal will have to undergo a review process as part of a new de Blasio administration plan to rezone an area of Vanderbilt Avenue for larger buildings. De Blasio’s proposal is a 2.0 version of a failed bid by Michael Bloomberg that would rezone an area around Grand Central Terminal. Bloomberg’s proposal – which would affect a 73-block area around the terminal - concerned officials and preservationists, who were concerned that the plan would add to the congestion in the area. Fulfilling one of his campaign promises, de Blasio has devised a plan to mitigate those issues as well as keep the city competitive for decades to come, by creating more office space in the prime business location.
Learn more about the iconic tower's new neighbor

Real Estate Trends

May 9, 2014

Rockefeller University Takes Next Step Towards New Research and Conference Space Above FDR Drive

By Stephanie Hoina

The City Council’s Committee on Land Use gave approval to Rockefeller University’s plan to construct two new buildings over the Franklin D. Roosevelt Drive on Manhattan’s east side. In exchange, the school, which controls air rights over the 4-block stretch starting at East 64th, has agreed to invest $8 million to develop and maintain a portion of the East River Esplanade.
More on the development here

May 8, 2014

Why Was Norman Foster’s Design for the New York Public Library’s Flagship Building Dropped?

By Stephanie Hoina

Though the famous marble lions that stand guard over the iconic Beaux-Arts building at Fifth Avenue and 42nd Street aren’t talking, the patience and fortitude of scholars and professors all over the tri-state area may have played some role in the shelving of a $300 million renovation plan for the New York Public Library’s flagship location. In the midst of three lawsuits and regular protests on the library steps, the library reversed course on revamping the midtown Manhattan building (which celebrated its 100 year anniversary in 2011) and moving 1.5 million books to New Jersey, a move that brought a sigh of relief to researchers worried about delays in gaining access to essential publications.
What shelved this $300 million renovation?

Architecture And Design

May 5, 2014

Wake Up to Stunning 180 Degree Views of the City That Never Sleeps

By Stephanie Hoina

One look and you may never want to leave this exquisite sun-drenched and spacious home, part of The Residences, a gorgeous new Gwathmey Siegel designed masterpiece developed by Bizzi & Partners. Sitting 60 stories above one of the most desired streets in Manhattan, this 2BR/2.5 bath residence at 400 Fifth Avenue bestows breathtaking panoramic views from just about every room. Every detail, from the hardwood black oak flooring throughout to the ample closet space, ensures no matter where you are in this gracious home, life is better simply by being there. In fact, the residences at 500 Fifth are so beautiful the building even has its own coffee table book, 500 Fifth Avenue: A New Gwathmey Siegel Landmark, coming out this fall!
Take a peek inside this gorgeous residence

May 1, 2014

NYC Condos Designed by Pritzker Prize Winners

By Diane Pham

The Pritzker Architecture Prize is architecture’s most acclaimed honor. Since 1979, the award has been given away annually to honor one living architect whose built work demonstrates consistent and significant contributions to humanity and the built environment. New York City is home to structures built by 12 of the 36 past winners — ranging from Philip Johnson to I.M. Pei to this year's winner, Shigeru Ban — and currently holds 14 residential examples of their work. One other fascinating tidbit is that condos designed by Pritzker Prize winning architects are selling on average a whopping 44% higher (price/square foot) than those their respective neighborhoods, and 47.5% higher than the Manhattan market average. But are they worth the money? Learn more about them all ahead.
Are these Pritzker Laureate-designed condos worth their markup?

Architecture And Design

April 24, 2014

Mary-Kate Olsen and Olivier Sarkozy Scoop Up Painter David Deutsch’s Turtle Bay Townhome for $13.5 Million

By Diane Pham

After nearly nine months on the market, painter David Deutsch's Turtle Bay Gardens townhouse has been sold. Property records filed today show that Mary-Kate Olsen and her beau, Olivier Sarkozy, are the lucky buyers to scoop up Deutsch's beauty, paying $13.5 million for the home located at 226-228 East 49th Street. Deutsch's offer came in $3 million short of his $16.5 million ask, but it's worth mentioning that he bought the townhouse for just $2.45 million in 1997.
See more photos here

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