Manhattan

One of New York City's go-to spots for thespians and Broadway lovers will remain open after all, the New York Times reported Tuesday. Lin-Manuel Miranda and three "Hamilton" associates, along with the city, have purchased the Drama Book Shop, saving it from impending closure. The independent bookseller announced in October it would have to close its doors due to rising rents in the Times Square neighborhood. But with investment from Miranda and his team, and the Mayor's Office of Media and Entertainment (MOME), the Drama Book Shop will reopen this fall at a new location within the theater district.
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Uncategorized

Billionaire financier and art collector lists massive Central Park West penthouse for $5.25M

Via Google Street View

January 8, 2019

Billionaire financier and art collector lists massive Central Park West penthouse for $5.25M

Editor's note: At the request of Sotheby's International Realty, listing photos that appeared in an earlier version of this post have been removed. Just steps from Central Park on the Upper West Side, this two-bedroom co-op at 23 West 73rd Street is located in the Park Royal, a pre-war, red-brick building that has been called “one of the most attractive sidestreet apartment houses” in the coveted neighborhood. On the market for $5,250,000, the penthouse unit is owned by financier Donald Marron, who is also one of the most recognized private art collectors in America and previously served as President of the Museum of Modern Art’s Board of Trustees.
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Distinctive Homes

On this day in 1790, George Washington gave the first State of the Union in NYC

Photo of Federal Hall and the George Washington statue, via John Schiller/Flickr cc

January 8, 2019

On this day in 1790, George Washington gave the first State of the Union in NYC

By Lucie Levine

Right now, Federal Hall at Wall and Broad Streets is closed due to the Government Shutdown. But long before the current crisis, Federal Hall was the site of several Federal firsts. New York was the nation’s first capital, a distinction the city held until 1790, and the original Federal Hall, at the site of today’s monument, was the first Capital Building. Federal Hall hosted the first Congress, Supreme Court, and Executive Branch Offices. The building witnessed the drafting of the Bill of Rights and the passage of the Northwest Ordinance. George Washington took his Oath of Office from the balcony of Federal Hall on April 30, 1789, and on January 8, 1790, he delivered the nation’s very first State of the Union Address from the building’s Senate Chamber.
What were the hot-button issues of 1790?

History

January 7, 2019

Find out the history of every building in the East Village with GVSHP’s new research tool

The Greenwich Village Society for Historic Preservation has released a new way to find out about the East Village, one of New York City's most interesting and historically layered neighborhoods. East Village Building Blocks is an online tool you can use to find out the history of each one of the neighborhood's 2,200 buildings.
Check it out

History

Is SoHY the next hot neighborhood? New ‘South of Hudson Yards’ condo thinks so

Image courtesy of New Development Group.

January 7, 2019

Is SoHY the next hot neighborhood? New ‘South of Hudson Yards’ condo thinks so

Our first reaction at reading New Development Group’s (Ryant Serhant and team) introduction of the newly-minted SoHY condo at 550 West 29th Street as “Manhattan’s newest neighborhood and building" was to think the Nest Seekers-agent-to-the-stars must be SoHY if he thinks anyone will fall for another silly neighborhood acronym (Hello, NoLo!). But in this case, the multi-hyphenate wunderkind might actually be on to something. When you think about it, SoHY–for South of Hudson Yards–is definitely better than: "um, you know that area all the way over by 11th Avenue where all those new buildings are...that aren’t Hudson Yards ones..."
More SoHY jinks, this way

January 7, 2019

East Village rowhouse once home to Andy Warhol and Paul Morrissey lists for $5M

In the late 1960s, this East Village house at 321 East 6th Street was owned by none other than Andy Warhol, during which time his close friend, film director Paul Morrissey, lived at the address, too. Today, the Anglo-Italianate brick townhouse has been chopped up into five units, but it retains many original details from even before Warhol's time, including two wood-burning fireplaces, crown moldings, 13-foot ceilings, and parquet and hardwood floors. It's just been listed for $4,950,000 with the option to convert the home into a grand single-family residence.
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FREE RENT: This week’s roundup of NYC rental news

Images (L to R): 525 West 52nd Street, The Essex, 505 Union Avenue and 19 Dutch Street

January 5, 2019

FREE RENT: This week’s roundup of NYC rental news

By Ondel Hylton

Images (L to R): 525 West 52nd Street, The Essex, 505 Union Avenue and 19 Dutch Street The Essex: Rent at the tallest building in Essex Crossing with 2 months free [LINK] Hunters Landing: New Long Island City rentals with 3 months free [LINK] 525 West 52nd Street: Luxury Hells Kitchen rental has amenities for […]

Real Estate Trends

January 4, 2019

$130M penthouse at 520 Park Avenue is now two separate units

By Dana Schulz

The quest to outdo One57's record-setting $100.5 million penthouse doesn't seem to be working. The two contenders, 220 Central Park South and 520 Park Avenue--both Robert A.M. Stern-designed buildings--announced their $250 and $130 million penthouses in 2016 and 2014 respectively, but there's been no movement since. The latter building seems to have taken the hint, though, as The Real Deal reports that the 12,398-square-foot triplex has been chopped up into two "smaller" units--a $40 million full-floor unit and an $80-$100 million duplex.
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January 4, 2019

Upper East Side Gilded Age mansion with Broadway cachet and a big money past tries again at $29.5M

Just over a year ago, The Real Deal reported that Tony Award-winning Broadway producers Janet and Howard Kagan (“Tuck Everlasting,” “Pippin”) had put the 25-foot-wide, 12,729-square-foot mansion at 11 East 82nd Street, purchased for $24.5 million in 2009, on the market, asking $44 million. The impressive Upper East Side limestone-and-brick townhouse was also known for having previously belonged to financier Ron Perelman. The 1895 building in all its six-story, elevator-enhanced, Gilded Age glory has just been relisted for $29.5 million, a hefty haircut from last year's ask.
Embark on the grand tour

Distinctive Homes

Rental tower at Essex Crossing’s new foodie mecca launches leasing from $3,750/month

Renderings by We Are Visuals/QuallsBenson via Delancey Street Association.

January 3, 2019

Rental tower at Essex Crossing’s new foodie mecca launches leasing from $3,750/month

Leasing has officially launched at The Essex at 125 Delancey Street, the newest rental residence at the Lower East Side's Essex Crossing. Delancey Street Associates (DSA), the project's developers, announced the official launch of the building's 98 units today along with new renderings of interiors and amenity spaces within the tallest tower at the nine-site development. The 26-story Essex, designed by Handel Architects, also launched its website, which shows even more detail on the available units, which range from studios to three-bedrooms, starting at $3,750.
See more, this way

January 3, 2019

For $1.6M, this Morningside Heights co-op is a fine example of a pre-war classic six

Located in the picturesque Upper West Side/Morningside Heights neighborhood it shares with Columbia University's campus, Amele Hall at 536 W 111th Street is a classic elevator co-op built in 1910 by architect partners Mulliken and Moeller. This classic six apartment, listed for $1.595 million, has been modernized but retains its turn-of-the-century charm.
Get a closer look

Distinctive Homes

McNally Jackson bookstore staying put on Prince Street

Photo of McNally Jackson via Flickr

January 2, 2019

McNally Jackson bookstore staying put on Prince Street

Beloved independent bookstore McNally Jackson will not be closing its Soho location after all, the Bowery Boogie reported on Wednesday. The good news comes just a few months after the bookseller announced it would have to move out of the neighborhood, its home for the last 14 years, due to a 136 percent rent increase.
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Uncategorized

December 31, 2018

$12M East Village penthouse has three floors, a gym, and a roof terrace

East Village real estate dreams hardly ever come with as much square footage as this luxurious four-bedroom at 130 East 12th Street. For the current asking price of $12.5 million, you’ll get the building’s two-story penthouse plus a two-bedroom apartment on the floor below with its own private entrance. That totals up to a 6,414 square-foot, three-floor East Village palace for anyone with the right budget.
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Distinctive Homes

2018 Manhattan condo sales show volume drop and price cooldown from last year’s soaring heights

Rendering of 200 East 59th Street via Studio amd for Macklowe Properties

December 31, 2018

2018 Manhattan condo sales show volume drop and price cooldown from last year’s soaring heights

Rendering of 200 East 59th Street via Studio amd for Macklowe Properties CityRealty's new 2018 year-end market report reveals trends in Manhattan real estate including a notable drop in transaction volume and a decline in condo sales prices after 2017's roaring gains. Co-ops showed marginal gains in 2018. The New York Times refers to the report and quotes Jonathan J. Miller of Manhattan's Miller Samuel appraisal firm: “Sales are not low–they are just not unusually high. It’s like we came off the autobahn: It feels very slow relative to the last three to four years, but historically it’s not.” See a few highlights from the report, below.
More from the report

Real Estate Trends

Thousands sign online petition to rename stretch of Fifth Ave in front of Trump Tower after Obama

Via Flickr

December 31, 2018

Thousands sign online petition to rename stretch of Fifth Ave in front of Trump Tower after Obama

Over 3,800 people have signed a petition to rename the block in front of Trump Tower after President Barack Obama. Without specifically mentioning the Midtown building developed by President Donald Trump, the MoveOn.org appeal requests the City Council and Mayor Bill de Blasio rename the part of Fifth Avenue between 56th and 57th Street "President Barack H. Obama Avenue."
Get the details

Uncategorized

December 28, 2018

Celebrate Kwanzaa in NYC with a live-drawing event, music and dancing, and an artisan market

The American Museum of Natural History (AMNH) is hosting its annual Kwanzaa festival on Saturday, celebrating African-American heritage with programs that focus on community, culture, and creativity. Free with admission, the event takes place on Dec. 29 from 12 p.m. to 5 p.m. in the museum's Milstein Hall of Ocean Life.
Get more info

Events & Things To Do

Plan for homeless men’s shelter on Billionaires’ Row temporarily stopped

Via Wikimedia

December 28, 2018

Plan for homeless men’s shelter on Billionaires’ Row temporarily stopped

The West 58th Street Coalition, a group of residents suing over the city’s controversial plan to open a homeless shelter on Manhattan’s Billionaires' Row, has won a temporary injunction to halt construction at the former Park Savoy Hotel, the New York Post reported Thursday. The residents sued the city in July, claiming the proposed shelter posed a significant fire hazard and also fearing their new neighbors would usher in increased crime and loitering in the area as well as “un-quantifiable economic harm to the value of their property,” as court papers stated.
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Policy

Image courtesy of the Times Square Alliance

December 28, 2018

Say ‘good riddance’ to everything you hated about 2018 in Times Square today

Let’s face it: a lot of us are more than happy to say goodbye to 2018 and turn over a new leaf. If you’re ready for some cathartic collective destruction, use your lunch break on Friday to join others in Times Square for the 12th annual "Good Riddance Day" and say goodbye to the worst of this year. The event, hosted by the Times Square Alliance, is inspired by a tradition in some parts of Latin America in which New Year’s revelers stuff dolls with objects representing bad memories and burn them in order to make room for the new.
Details on the shred, ahead

Events & Things To Do

December 27, 2018

Charming, classic Tribeca loft with private roof terrace asks $2.35M

With exposed brick throughout, original weathered warehouse floors, soaring ceilings, and skylights, this Tribeca duplex is a classic downtown loft. The 3,636 square-foot condo at 37 Walker Street — currently on the market for $2,350,000 — has three bedrooms, 1.5 baths, and a private roof terrace. With a flexible open plan, it could easily be reconfigured or renovated, though lovers of the shabby-chic aesthetic will embrace the unit’s charming peeling walls and original details.
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Distinctive Homes

Photo courtesy of the Greek Orthodox Archdiocese of America

December 27, 2018

Port Authority offers to help in reconstruction of World Trade Center’s St. Nicholas Shrine

Last December, construction on the St. Nicholas Greek Orthodox Church at the World Trade Center stopped due to lack of funding. The Archdiocese has remained committed to finishing the construction of the church, which was destroyed during the 9/11 attacks. Recently, the Port Authority — who owns the land on which the church is sited at Liberty Street — said that it wants to help the church with its rebuilding efforts, as the New York Post first reported.
Find out more

New Developments

December 27, 2018

Taylor Swift’s former carriage house rental in the West Village is under contract

Taylor Swift's onetime West Village rental, a carriage house at 23 Cornelia Street, is in contract to sell, the New York Post reported on Wednesday. The property, which measures roughly 5,500 square feet, was last listed for $14.9 million, a dramatic drop in price from the $24.5 million it was listed for in April 2017. As 6sqft previously learned, the pop star rented the pad in 2016 for $40,000 per month while her Tribeca penthouse was under renovation.
See inside

December 24, 2018

For $410,000, this efficient Gramercy studio is a smart starter home

Centrally located in Gramercy, just north of the park, this co-op studio in the gorgeous landmarked pre-war building 4 Lexington Avenue is currently on the market for $410,000. While tiny, it features a smart layout, full-service amenities and a covetable location, making it a great option as a starter home for a young professional. For those needing more space, an adjacent studio unit is also on the market, and the board is open to combining the two apartments.
See the tour

Distinctive Homes

December 24, 2018

After four price cuts, Justin Timberlake sells Soho penthouse for $6.35M

Justin Timberlake is finally saying "bye, bye, bye" to his Soho penthouse, even though that meant taking a loss on it. He and wife Jessica Biel first bought the three-bedroom spread at Soho Mews for just over $6.5 million in 2010. But after they then purchased a $20 million penthouse at celeb-hotspot 443 Greenwich in March 2017, they listed their former Soho penthouse for $8 million. Since then, they've had to drop the price four times, most recently to $6.35 million, meaning the duo would take a loss on the sale. Now, The Real Deal reports that Timberlake and Biel have finally found a buyer at that price who is listed in city records anonymously as "Hudson Broadway LLC."
See Justin and Jessica's former digs

Images (L to R): American Copper Buildings, The Eagle, One Blue Slip, View34 and in center 555 Waverly Avenue

December 22, 2018

FREE RENT: This week’s roundup of NYC rental news

Images (L to R): American Copper Buildings, The Eagle, One Blue Slip, View34 and in center 555 Waverly Avenue American Copper Buildings: Waterfront Studios to 3-Bed Apartments Available in Murray Hill’s Two-Tower Rental [LINK] One Blue Slip: Greenpoint Landing Rental Now leasing and 90% of Apartments Have Water Views [LINK] The Eagle: Downtown Brooklyn’s New […]

Real Estate Trends

December 21, 2018

City Council passes comprehensive Garment District rezoning plans