Murray Hill/Kips Bay

March 4, 2016

Why Micro-Apartments in Carmel Place Are So Expensive

We’ve been hearing a lot recently about the city’s new micro-apartments. As 6sqft has reported, NYC’s first micro-apartment complex Carmel Place (formerly My Micro NY) at 335 East 27th Street began leasing at the end of last year. The nine-story modular development in Kips Bay has 55 studios that are 260 to 360 square feet. Of these, 22 are affordable and they’ll go from $950 to $1,500 a month. Market-rate units on the other end range from $2,540 to $2,910. According to CityRealty, the average rental price per square foot for New York City apartments overall is $51, while Carmel Place units ring in at $98 per square foot. The idea of micro-housing was presented, in part, to address the need for more affordable apartments. So why is it that the result is what a recent New Yorker article calls “micro-luxury" housing?
Small Is Beautiful–but Not Affordable

February 29, 2016

With Terraces, Fireplaces and a Hidden Bar, This $2.5M Murray Hill Duplex Is Classic Manhattan

By Michelle Cohen

On a picture-perfect residential block lined with historic townhouses and understatedly elegant pre- and postwar apartment buildings–yet around the corner from bustling Midtown East, this duplex at 34 East 38th Street may be the Manhattan equivalent of that perfect Craftsman bungalow in a hip suburban neighborhood. It doesn't shout or come with shiny marketing literature, but for the die-hard Manhattan worshipper, it’s just right. The two-bedroom co-op in a five-story Murray Hill townhouse would certainly make a perfect pied-a-terre: Mint renovations mean effortless comfort and style; it's convenient to just about everything the city offers, in a neighborhood where old-fashioned elegance in architecture blends with every modern 21st century amenity catering to busy residents of all ages.
Tour the duplex

Distinctive Homes

February 6, 2016

Slate Property Group Files Permits to Demolish Tenement Building in Murray Hill

By Ondel Hylton

Slate Property Group filed permits fully demolish a five-story walk-up building at 203 East 33rd Street in Murray Hill. No details of their plans have been made public, but the team has the ability to transfer development rights from the string of adjacent properties they own to construct a mid-size building. Built in the early 1900's, the structure is one of seven adjacent tenement buildings between Second and Third Avenues that the development group purchased in 2013 that are altogether called The Collective. In all, the buildings comprise 146 rental apartments and eight retail spaces. A $10 million renovation and rebranding reconfigured the units into smaller apartments with high-end appliances aimed at young college students and post-graduates. All seven buildings are linked with an underground tunnel, which features a screening room and a game room. Other amenities include a part-time doorman, dishwashers, and a huge shared rooftop terrace with outdoor seating.
More details here

February 1, 2016

How Do Rents at NYC’s First Micro Apartment Complex Compare to Regular Studios?

By Dana Schulz

Just before the new year, listings went live for NYC's first micro apartment complex Carmel Place (aka My Micro NY aka 335 East 27th Street) in anticipation of its opening in March. The nine-story modular development in Kips Bay has 55 studios that are 260 to 360 square feet. Of these, 22 are affordable (more than 60,000 people applied for them), and they'll go from $950 to $1,500 a month depending on size and income. The remaining market-rate units will range from $2,500 to $2,900 per month, which has left many skeptics questioning why anyone would fork over nearly three grand for a space that is far smaller than conventional studios. To put this argument into an actual visualization, the data gurus over at NeighborhoodX created a simple, yet informative graph that compares the rental price per square foot at Carmel Place with that of regular studios across the city (h/t Curbed).
More here

Real Estate Trends

January 28, 2016

A Former Engraver’s Studio in Sniffen Court, Now a Townhouse, Asks $6.45 Million

By Emily Nonko

Who wouldn't want to live in a townhouse with lots of interesting history, located in one of just a few private mews in New York City? Enter this listing at 156 East 36th Street, a Murray Hill townhouse that originally served as stables during the Civil War era, then was converted to an engraver's studio in 1915. The Romanesque building is also a part of the Sniffen Court Mews, which is blocked from the public by a private gate off East 36th Street. Sniffen Court was constructed between 1863 and 1864 as a collection of carriage houses–the off-street placement helped solve noise and odor issues related to the horses. The stables were in use until the early 1920s, when automobiles replaced horses, and eventually they were converted to residential.
Read more about this house

January 8, 2016

New and Improved Design for Shalimar Management’s 543 Second Avenue

By Ondel Hylton

In a well-wishing New Year note, Charles Fridman, president of Shalimar Management, announced that their planned ten-story residential project at 543 Second Avenue will break ground this year, and he's now unveiled a revised set of renderings depicting a substantially different design. Evolving from banal to brutal, the previously thin-skinned, glass-and-metal design has been beefed up into an energetic, cast-in-place concrete structure of undulating floor slabs and tilting exterior columns. Fridman's page states: "We’re planning a 10 Story rental building with 1-2 bedroom apartments. Each apartment will have its own balcony, and part of the building will cantilever over our other property at 249 East 30th Street." Outdated building applications from early 2014 detail a 12-story building housing 18 units spread across 19,000 square feet of floor area. New permits have yet to be filed and according to Fridman, the team came close to building the previous design, but "thankfully" held off.
Find out more ahead

Living in a Micro Apartment Could Be Harmful to Your Health

New rendering of Carmel Place interiors, via Monadnock Development/nARCHITECTS

December 14, 2015

Living in a Micro Apartment Could Be Harmful to Your Health

By Diane Pham

An apple a day may keep the doctor away, but living in a micro apartment may drive you to seek professional psychological help. A recent article in The Atlantic takes a look at the tiny living trend that has taken the nation—and in particular New York, with developments like My Micro NY and teeny renovations like this one—by storm, and finds that squeezing into an extra-small space could lead to health risks. “Sure, these micro-apartments may be fantastic for young professionals in their 20's,” says Dak Kopec, director of design for human health at Boston Architectural College and author of Environmental Psychology for Design, to the magazine. “But they definitely can be unhealthy for older people, say in their 30’s and 40’s, who face different stress factors that can make tight living conditions a problem.”
find out more here

November 23, 2015

Listings Go Live Today for NYC’s First Micro Apartment Complex

By Dana Schulz

Carmel Place (formerly known as My Micro NY), the city's much-talked-about first micro apartment complex, began accepting applications for its affordable studios back in September (since then, 60,000 people have applied). And now, a press release from developer Monadnock has announced that listings for 12 of the market-rate units will go live today in anticipation of the February opening date. Along with the launch comes news of Ollie, "an innovative housing model that delivers an all-inclusive living experience." The nine-story modular development will have 55 studios ranging from 260 to 360 square feet, 22 of which will be affordable (of these, 8 will be set aside for formerly homeless veterans) and go for between $950 and $1,500 a month depending on family size and income. The remaining 33 will see prices ranging from $2,540 for a 265-square-foot, furnished, third-floor unit to $2,910 for a 335-square-foot, furnished, second-floor unit.
Find out more

November 11, 2015

Could This 19-Story Tower Replace Two Beloved Kips Bay Businesses?

By Ondel Hylton

The busy architects over at Issac & Stern posted on their website an image of a yet-to-be-built 19-story tower at 378-380 Third Avenue in Kips Bay. Their page indicates the building will be residential and commercial and will encompass approximately 61,000 square feet of floor area. The development would replace two existing five-story walk-ups that each contain well-regarded drinking and eating establishments. The ground floor of 378 Third Avenue is occupied by the east side branch of the highly rated Italian restaurant Coppola’s Trattoria, and next door at 380 Third Avenue, the ground floor is occupied by the bar Tavern on Third, which hails itself as one of the best Chicago Bears bar in New York City.
More details ahead

September 27, 2015

This $6,500/Month Murray Hill Rental Says City Apartment in Front, Suburban House in Back

By Michelle Cohen

Here's a NYC apartment that's thoroughly Manhattan, but, if you're standing in the right spot, could be any suburban home. Located in a bustling East Side spot that's either Gramercy, Kips Bay, Murray Hill or Midtown South, depending on whom you talk to, this two-bedroom garden condop at 242 East 25th Street just hit the rental market for $6,500/month. And if you can't bear to part with it, you're in luck, it's also for sale (asking $1.995 million). The apartment is only 939 square feet, but it's well-configured, with bedrooms on either side of spacious common areas–and, more importantly, one of those areas is a glass-walled solarium that overlooks a 785-square-foot private deck and backyard that extends your space in a way most New Yorkers envy.
See more

Distinctive Homes

First Look at Rawlings Architects’ 20-Story Mixed-Use Murray Hill Building

Elevation of the new building (L); the current site (R)

September 6, 2015

First Look at Rawlings Architects’ 20-Story Mixed-Use Murray Hill Building

By Ondel Hylton and Heather Cooper Vivares

Charles Blaichman’s CB Developers have begun construction on a 20-story mixed-use building directly adjacent to their nearly finished rental tower the Frontier. Located at 210 East 39th Street, the building is designed by Rawlings Architects in conjunction with the grey metal and glass Frontier next door. The project is replacing a small townhouse owned by the Kingdom of Lesotho; the small African country contributed its property as a joint venture with the developers, and they will receive a commercial unit within the building's lower three floors to use as a mission.
More details ahead

August 28, 2015

New Renderings of Fisher Brothers’ Curvy Murray Hill Rental at 225 East 39th Street

By Ondel Hylton

It's always a pleasure when a hulking above-ground parking garage bites the dust; this is not Miami after all, take the subway! And thanks to the legendary real estate firm Fisher Brothers, a soul-crushing 705-car parking garage at 225 East 39th Street was razed last year in preparation for an elegant 36-story rental tower. New renderings posted on the development firm's website illustrate how the tower may bring a bit of pizzazz to a rather un-glamorous section of Murray Hill. With completion scheduled for spring 2017, groundwork is well underway with sections of the foundation slab poured and steel rebar projecting skyward.
More on the project ahead

July 9, 2015

Construction Update: NYC’s First Micro Apartment Complex Is Now Fully Stacked

By Diane Pham

Moving day inches closer for those looking to claim a module in the city's first micro apartment complex. As of this week, My Micro NY is fully stacked, rising 120 feet from its site at 335 East 27th Street at the border of Gramercy in Kips Bay. The project, also known as Carmel Place, is the product of a city-sponsored design competition launched by former mayor Michael Bloomberg in 2012 as a way to test out if micro dwellings could be an answer to the city's housing shortage, and in turn give enough reason for adjusting NY's dated building codes to allow for smaller units better suited for today's shrinking households. As it stands, the legal minimum is 400 square feet, while My Micro NY's apartments measure a mere 260 to 360 square feet.
More images of the construction

May 13, 2015

$7.2M Tudor City Penthouse Boasts Amazing Gothic-Style Terraces

By Emily Nonko

If you want an apartment that will truly bowl people over, and you have millions to spare, look no further than this penthouse unit at 5 Tudor City Place in Turtle Bay (h/t Curbed). Massive windows, soaring ceilings, and a private terrace with griffins and gargoyles will definitely impress. The seller is Gordon Bowen, founder of the big-time advertising firm mcgarrybowen. He's unloading his Don Draper-worthy penthouse to the tune of $7.2 million.
See the interior

Distinctive Homes

April 17, 2015

This Creative $15K/Month Murray Hill Townhome Will Pique Your Interest

By Aisha Carter

If you're a New Yorker you know how precious space is. So we probably don't have to do much to convince you that this three-bedroom townhouse at 115 East 37th Street in Murray Hill is worth a look. But beyond its parquet floors, oversized windows, fireplaces, and prewar detail, this place has even more to offer, like some of the most intriguing design elements we've come across. And it's on the market for $15,000 a month.
More pics inside

Distinctive Homes

December 1, 2014

You May Have to Pry This $3.5M Dream Home from an Oscar Nominee’s Hands

By Aisha Carter

Shopping for the holidays can get complicated. How do you pick just the right gift for someone? In a perfect world we could buy our loved ones gifts they could turn into whatever they wanted. Well, we’re not going to be doing your Christmas shopping this year, but we do have a listing that’s ready for its new owner to add his or her own personal stamp. We’re talking a fully gutted townhome in Murray Hill with all the renovation plans and permits already set and approved by the Landmarks Preservation Commission and the Department of Buildings. So all you have to do is sit back and let your imagination do the rest.
Take a look at the possibilities, here

Distinctive Homes

December 1, 2014

Astronaut Richard Garriott’s Townhouse Hides Secret Passageways and Trick Bookcases

By Alyssa Alimurung

When he’s not flying to outer space or developing the next award-winning video game, Richard Garriott rests his head in his very normal-looking Murray Hill townhouse. When he purchased the five-story brownstone last year, he decided to add in his own special touches to make it his unique home-sweet-home. Take a tour through the secret passageways […]

August 11, 2014

Tudor City “Castle in the Sky” is Worth a King’s Ransom

By Stephanie Hoina

Even in a city filled with stunning multimillion-dollar residences it is rare to find one that is equally impressive inside as it is out. Well, look no further this two bedroom penthouse at Windsor Tower, 5 Tudor City Place.
Read on to see why the outside of this home rivals its inside

Distinctive Homes

April 5, 2014

Sky High Living: Inside the Penthouses of 10 of Manhattan’s Supertalls

By Diane Pham

Manhattan is known for hosting more than a handful of the world's most luxurious homes — many of which are perched hundreds if not thousands of feet above ground. Though few folks will ever get to see the interior of anything higher than their 5-story walk-up, we're offering up a look into how New York's loftiest live. From the "smallest" to the tallest, take a peek into the penthouses of 10 of Manhattan's supertall condos ahead. And just to give you a little more context, the Empire State Building soars 1,250 feet high.
It's a tall, tall world

Bergen Brooklyn

323 Bergen Street

Boerum Hill

World-class design rooted in Brooklyn charm

studios starting at $825,000
1 beds starting at $1,200,000
2 beds starting at $1,925,000
3 beds starting at $3,050,000
4 beds starting at $6,000,000

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Murray Hill/Kips Bay

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