Midtown West

It's true that One57′s first flip saw a $3.5 million profit in just five months, but that unit sold for $34 million the second time around. A selling price of more than $90 million is a different story--and that's exactly what hedge fund manager William (Bill) Ackman is hoping to achieve. In a profile in the Times on Sunday, Ackman was revealed as the buyer of the $90 million penthouse at the luxury building, which is sure to see its share of flips. But he also shared that he has no intention of ever living in the apartment. He'll stay with his wife and daughters at their current home in the Beresford and use the penthouse as a "fun" investment opportunity for himself and some good friends, perhaps hosting a few parties there in the meantime.
More on the planned flip here

Real Estate Trends

October 23, 2014

Urban Planners Propose Moving Madison Square Garden to Nearby Post Office

If there's one thing that all New Yorkers can agree on it's that Penn Station is pretty awful. And if we're ever going to get a new home for NJ Transit, Amtrak, and the LIRR, Madison Square Garden will have to move (just don't tell any die-hard Rangers fans that). The Alliance for a New Penn Station, a coalition of the Municipal Art Society and the Regional Plan Association, is proposing in a new report (revealed at this morning's MAS Summit) that the world-famous venue take up residency in the Morgan Post Office and Annex, occupying the block bound by 9th and 10th avenues and 28th and 30th streets. The mail sorting facility site is large enough to accommodate a new state-of-the-art arena and is just a quick walk to Penn Station. The coalition told Capital New York: “Relocating the Garden to this site will provide the city with a new arena and allow for the reconstruction and expansion of Penn Station, each of which can be designed to vastly improve the conditions of the district.”
More on the proposal and renderings of what the new site could look like

Architecture And Design

New 35-Story DoubleTree Hotel by Gene Kaufman Coming to Midtown West

Rendering of DoubleTree Hotel via Gene Kaufman (L); The project site at 350 West 40th Street (R)

October 10, 2014

New 35-Story DoubleTree Hotel by Gene Kaufman Coming to Midtown West

By Ondel Hylton

Fresh renderings have been posted for a new 35-story hotel currently undergoing excavation at 350 West 40th Street. Located just southwest of Times Square and directly across from the Port Authority Bus Terminal, the block-front between Eighth and Ninth Avenues has been the victim of a half-dozen mid-range hotels. With the large blank wall of the bus terminal on one side and an ungainly assortment of budget hotels, walk-ups, and parking lots on the other, the street may be a worthy contender for the "Ugliest Street in Midtown." The project was first revealed by YIMBY last spring. Permits call for a 315-foot, 594-room DoubleTree Hotel designed by Gene Kaufman and developed by Sam Chang of McSam Hotels. McSam--which already has several hotels up and running on the block including a Holiday Inn, Candlewood Suites, and Hampton Inn--has been one of the city's most active and notorious developers in the last decade.
More on the project here

October 1, 2014

Impeccably Classic Residence in the Legendary Osborne Lists for $7M

Often overshadowed by the Dakota, its more famous “cousin” further uptown, the Osborne was one of New York’s first major luxury apartment buildings. Located in the heart of Midtown West and completed in 1883, the Osborne's somber appearance rising up from 205 West 57th Street belies the dazzling lobby within, “a luminous Byzantine dream of gilded tiles.” But the lobby isn’t the only treasure awaiting your entrance. This classically elegant, 12-room corner duplex exemplifies everything one would expect from a residence in such a legendary building. And it's on the market for $6,950,000.
See what makes this home so impeccably classic

Distinctive Homes

September 17, 2014

Sunset Park: How Creativity and Commerce are Transforming This Waterfront Neighborhood

By Michelle Cohen

With plans in place that call for a public waterfront bustling with creative industry and commerce rather than luxury residential developments, Sunset Park is not on its way to becoming the next hip NYC residential neighborhood–and that’s a good thing. Located on Brooklyn's western waterfront flank, there are really two sides to Sunset Park. The neighborhood, generally defined as the area between 65th Street, the Prospect Expressway, Eighth Avenue and the East River, has long been a thriving residential community. Sunset Park is also home to about 15 million square feet of warehouse and light industrial space. The key to the neighborhood’s future may be the point at which the two meet.
Find Out How Fashion May Give Sunset Park a Chance to Shine As the New Garment District

City Living

September 8, 2014

REVEALED: New Skyline Renderings for Nordstrom Tower at 217 West 57th Street

Back in July, we learned that Extell's Nordstrom Tower will rise 1,775 feet–just one foot shorter than One World Trade Center, making it the tallest residential building in the world. Now, New York YIMBY has released renderings of how the 92-story supertall will look against the rest of the skyline. Though official images from Extell haven't been released, these preliminary sneak peeks are pretty impressive.
More on the new development here

September 5, 2014

Massive Midtown West Artists’ Loft Combo Comes Complete with a Darkroom

Artists looking for a place to work and play will love this two-loft combo at 361 West 36th Street. The industrial chic apartment is the ideal live/work setup with 4,800 square feet of space. It’s a full-floor flexible combination of two units and comes complete with a darkroom and more than enough legroom to get your creative juices flowing. And with so many possibilities, this loft is the perfect canvas for a creative person looking to put their personal stamp on a premier pad.
Take a look inside this spacious pad, here

Distinctive Homes

August 24, 2014

Neon, Metal, and Patty Melts: A Look at Classic New York City Diner Design

By Jason Carpenter

American diners are neon-lit time capsules of architecture and design. They are the '57 Ford Thunderbird of restaurants, shaping post-war optimism and far too much metal into something beautiful and quintessentially American. Best of all, you can still find plenty of little diners doing what they have always done, among the rising skylines and property values of New York City.
See our diner photos here

August 23, 2014

Weekly Highlights: Top Picks From the 6sqft Staff

Our list of architectural saviors includes sites saved from the wrecking ball, as well as those that have remained intact and been adaptively reused. We looked at the history of Herald Square AND Gramercy Park (it was a nostalgic kind of week). Floorplans of the Woolworth Building’s $110 million ‘Pinnacle’ penthouse were revealed, making it one of the […]

Uncategorized

August 12, 2014

New Knicks President Phil Jackson Buys $5 Million Apartment at the Osborne

When he hasn't been busy revamping the New York Knicks, Phil Jackson has been scoping out NYC real estate. And according to city records, the Knicks President purchased an apartment at the Osborne, 205 West 57th Street, for $4.85 million. Considered one of the greatest NBA coaches in history, Jackson spent many years with both the Chicago Bulls and the Los Angeles Lakers, but now he's jumping back into the New York City scene head first, having gotten his start with the Knicks in 1967 as a player. His new home was meticulously renovated by Ferguson and Shamamian Architects to preserve the original details of the landmarked 1883 building. Hand-carved mahogany pocket doors, inlaid oak and cherry floors, and stained glass transom windows are just some of the historic accents that make this three-bedroom apartment a true masterpiece.
Tour the rest of this basketball legend's new digs

July 21, 2014

Looking for a New Home on Central Park South? Just Follow the Big, Red, Iconic Sign to Essex House

Essex House didn’t get off to the most auspicious start, with construction beginning mere days after the Crash of 1929. But it was still chugging along when three years later its now famous six-story red neon sign debuted atop the New York skyline. The rest, as they say, is history. Since then the 43-story Art-Deco skyscraper at 160 Central Park South has become one of Manhattan’s most distinguished landmarks -- and home to an impressive list of residents, including Angelina Jolie, Jude Law, and Samuel L. Jackson. Fortunately, you don’t have to be an A-lister to live there; all you need is about $14,000 a month in rent. This 2BR/2BA rental unit features a private 260-square-foot outdoor terrace directly overlooking Central Park and offering starry views of a non-celebrity kind.
Right this way to see what lies beneath that big red sign

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 10, 2014

Extell’s Nordstrom Tower Will Be Just a Foot Shorter Than One World Trade at 1,775 Feet

The endless race to the top in the NYC skyscraper world continues with Extell's Nordstrom Tower, which will rise 1,479 feet, with a spire that reaches a height of 1,775 feet--just one foot shorter than One World Trade. Assuming it's financed, the sky-high tower at 225 West 57th Street will be the tallest residential building in the world, surpassing Mumbai's World One Tower by 29 feet, and will reclaim the "tallest roof" category for Manhattan from Chicago's Willis Tower, which has a roof height of 1,451 feet.
More on the newest soaring addition to the NYC skyline

July 9, 2014

Parkview Developers Ian Reisner and Mati Weiderpass Sell Southmoor House Penthouse for $11.9 Million

It appears that Ian Reisner and Mati Weiderpass of Parkview Developers have sold one of their Southmoor House penthouses. The 17-floor building serves as more than just home to the Out Hotel developers. It’s also headquarters for their company. And like true developers, they own a big chunk of the building, making them one of the co-op’s biggest shareholders. While the newly troubled pair seems quite committed to their own symmetrical pad—turning down a $15.5 million cash offer a few years back without batting an eyelash—that doesn’t stop them from making serious bank on some other units. And you won't hear us complaining, because that means we get to check out this 3BR/3BA penthouse.
Take a look inside this premier pad here

June 27, 2014

NYC’s Billboards to be the Biggest in the USA: Even More Wattage Being Added to Times and Herald Squares

By Ondel Hylton

Billboard signs along Times Square, and now Herald Square, are growing ever bigger and brighter as LED displays become the top choice for developers of new supersigns. Projects such as the upcoming Mariott Edition, Vornado's Marriott Marquis renovation, and the revamping of the Herald Center all include LED displays that will be among the largest in the world. Though more expensive to install than the standard illuminated billboard, the light-emitting diode canvasses have the primary advantage of being eco-friendly by using less electricity and lasting 25 times longer than their incandescent alternatives. Their cost depends on size, complexity, and resolution; and may run upward of $1000 a square foot. But new technology in the past decade has cut the average price in half allowing for a brighter and more prolific future in the city.
See videos and images these eye-popping supersigns

June 23, 2014

Deepak Chopra Finally Unloads Park Imperial Pad for $3.5 Million

Deepak Chopra has finally been able to free himself of the mediocre, non-wellness oriented piece of real estate he once called home. After spending $14.5 million on a Greenwich Village apartment built for a hypochondriac – the space has antimicrobial coating on high-touch surfaces and EMF shielding to protect residents from electromagnetic fields – he has finally managed to get rid of the germ-soaked two-bedroom unit his lesser-evolved self once appreciated.
Take a look inside the Park Imperial Pad here

June 2, 2014

Penthouse Loft at Piano Factory Goes on the Market for $3.995 Million

Imagine sitting in this living room. This would be only one of the perks of living at 454 West 46th Street #PH-6BS. The stunning penthouse rests at the top of the Piano Factory, and it’s currently on the market for $3.995 million with Town Residential’s Glenn Connolly. If this penthouse is the crowning jewel of the historic loft conversion complex, then that living room is the crowning jewel of the penthouse. No, you’re not going blind. The living room is really that light-flooded, thanks to a vaulted glass ceiling above. And it doesn’t stop there. The radiant room leads to a gorgeous terrace – just one of the unit’s two, to be exact. The other one is off of the spacious, eat-in chef’s kitchen, which rests in a corner of the apartment, offering top-of-the-line appliances and exposures from windows on two walls. But if the stunning southern views from the kitchen’s terrace, or the main terrace’s skyline views that stretch from Hell’s Kitchen to the edge of Central Park aren’t enough, you can always build another deck on the roof with board approval because you have roof rights. Is there anything these people haven’t thought of?
Take a look inside here

Distinctive Homes

May 28, 2014

Thorndale: Turn of the 20th Century Carriage House Becomes Perfect 21st Century Home

At the turn of the 20th century, the first Model T Ford was still almost a decade from leaving the assembly line at the Ford Motor Company’s Piquette Plant in Detroit, Michigan and horse-drawn carriages were the primary mode of transportation. Carriage houses, like the one at 406 West 45th Street, built in 1905 for Oakleigh Thorne, owner of Thorndale Farms in Dutchess County, were necessary to properly store the carriages and associated equipment, such as saddles, stirrups, bridles, halters, reins, bits, harnesses, etc. By 1927, over 15 million Model T-Fords had been produced and the horse and buggy was on its way to being a novelty from a simpler time, and carriage houses were eventually given second lives as garages, offices, workshops, restaurants and, as in the case of the aptly named Thorndale, beautiful residences.
Take a look at the gorgeous conversion

Distinctive Homes

May 23, 2014

The Most Gorgeous New York City Hotel Interiors

By Jason Carpenter

Design is on display in New York's luxury hotels, where the interior look and feel is as important as where it's located. From the lobbies that welcome guests on their first steps into the building to the bars and dining areas later at night, some of a hotel's best design work lays outside the guests' rooms. Here are just a few of our favorite hotel interiors.
See more amazing hotel lobbies here

May 6, 2014

The Beresford: Old World Charm Meets Modern Day Living in Apartment #2G

What do comedian Jerry Seinfeld, singer Diana Ross, tennis player John McEnroe, actor Tony Randall and publisher Helen Gurley Brown have in common? They have all called 211 Central Park West — better known as The Beresford — home. But The Beresford’s claim to fame isn’t its host of famous residents but rather its three majestic towers, whose design limits the number of apartments on each floor to only two or three. Opened in 1929, architect Emery Roth’s spectacular residential fortress boasts spacious rooms, soaring ceilings, a charming interior courtyard containing a fountain and a garden, and incredible views of Central Park.
Take a sneak peek inside Apartment 2G, listed at $10 Million

Distinctive Homes

May 5, 2014

Archilier Architecture’s “Chinese Lantern” Inspired Design to Light Up 470 Eleventh Avenue