Manhattan

The end of 2017 has seen a lot of record-setting headlines for 432 Park Avenue, namely the $91 million, three-penthouse sale that was the city's most expensive all year. And a sale at the supertall that came through city property records today makes it clear that there's no sign of slowing down. Unit 65A, a half-floor, three-bedroom spread, first sold in June of 2016 for $27 million to an anonymous LLC dubbed "432 Holdings LLC." This past September, the building's developers CIM Group and Macklowe Properties bought back the apartment for $27.9 million in a presumed attempt to let the seller buy a larger unit in the building. As The Real Deal reported, the seller did just that, upgrading to an 80th-floor unit that cost $39 million. But as of today, the developers have all but made their money back, as the 65th-floor residence sold yet again for $26.4 million to another LLC called "Mallow Enterprises."
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Real Estate Trends

VIDEO: Travel back to 1904 for the first New Year’s Eve in Times Square

A crowd in Times Square; screenshot via TheLazyCowOnUTube

December 28, 2017

VIDEO: Travel back to 1904 for the first New Year’s Eve in Times Square

In 1904, the New York Times moved from the City Hall are to the triangular piece of land at the intersection of 7th Avenue, Broadway, and 42nd Street. People thought they were crazy for moving so far uptown, but this was the same year the first subway line opened, passing through what was then called Longacre Square. Not only did their new Times Tower have a printing press in the basement (they loaded the daily papers right onto the train and got the news out faster than other papers), but it was the second-tallest building in the city at the time. To honor this accolade, the company wanted to take over the city's former New Year's Eve celebration at Trinity Church, and since the church elders hated people getting drunk on their property, they gladly obliged. So to ring in 1905, the Times hosted an all-day bash of 200,000 people that culminated in a midnight fireworks display, and thus the first New Year's Eve in Times Square was born. But it wasn't until a few years later that the famous ball drop became tradition.
Get the full history in this video

December 28, 2017

Sen. Jacob Javits’ former Sutton Place co-op sells for $4.4M

After first hitting the market in June for roughly $5.2 million, the former Sutton Place home of influential New York senator, Jacob Javits and his wife Marian, has found a buyer. Last listed for $4.35 million, the three-bedroom co-op at 322 East 57th Street was designed in 1933 by Joseph Urban, an architect known for his Art Deco style. According to the New York Post, Javits entertained socialites and political players, like Henry Kissinger, in his spacious 3,300 square foot duplex.
Check out the glass cube

Construction suspended at the World Trade Center’s St. Nicholas Shrine amid financial woes

Photo courtesy of the Greek Orthodox Archdiocese of America

December 27, 2017

Construction suspended at the World Trade Center’s St. Nicholas Shrine amid financial woes

Construction company Skanska USA stopped work at the St. Nicholas Greek Orthodox Church this month after the Greek Orthodox Archdiocese of America failed to make payments on the project. The cost of rebuilding the church, which was destroyed in the terror attacks on 9/11 more than sixteen years ago, increased to an estimated $78 million from a 2013 estimate of $20 million. While the archdiocese raised $37 million in donations, it was still unable to pay its bills, prompting an independent investigation of the church's financial mismanagement, as the New York Times reported. Since learning of its deficit, the archdiocese has cut 25 percent of its staff and 25 percent of its expenses. A new treasurer and a chief financial officer have also been hired.
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New Developments

Where I Work: Artistic duo Strosberg Mandel show off their Soho studio and glam portraits

David Mandel (L) and Serge Strosberg (R) in their studio, photo by James and Karla Murray

December 27, 2017

Where I Work: Artistic duo Strosberg Mandel show off their Soho studio and glam portraits

6sqft’s series “Where I Work” takes us into the studios, offices, and off-beat workspaces of New Yorkers across the city. In this installment, we’re touring artistic duo Strosberg Mandel's Soho studio.Want to see your business featured here? Get in touch! Last year, Belgian-American figurative painter Serge Strosberg had an exhibit about feminism in the East Village. The show's curator introduced him to David Mandel, a theatrical stylist, jewelry designer, and former drag queen. Though the two came from very different artistic backgrounds, they immediately hit it off on both a personal and professional level. Fast forward to today, and they've formed the NYC-based artistic duo Strosberg Mandel, creating large-scale assemblage portraits--mostly of rock n' roll icons such as Prince, David Bowie, Elvis, and Cher--using found materials and glamorous add-ons like Swarovski diamonds and luxury fabrics. In anticipation of their upcoming debut solo exhibition "Troubadours of Eternity" at Lichtundfire from January 24th to February 4th, in which they'll unveil the full portrait series as "a celebration of authentic musicianship and timeless spirits," Serge and David invited us into their Soho studio to get an advanced preview of the pieces and learn about their unique work and partnership.
Tour the studio and hear from David and Serge

December 27, 2017

Greta Garbo fans buy the actress’ longtime Sutton Place co-op for $2.5M over ask

This sprawling three-bedroom at the exclusive Sutton Place co-op The Campanile may have a private location, incredible East River views, and old-world details such as wall-to-wall pine wood paneling, working fireplaces, and tons of built-ins, but it was its longtime resident who encited a bidding war. Mansion Global reports that Greta Garbo's longtime home (she lived there from 1954 until her death in 1990) has sold for $8.5 million, 43 percent higher than the $5.95 million it listed for back in March. The late actress' great-nephew Craig Reisfield said the buyers have “a reverence for my great aunt” and added that he anticipates them being "great stewards" of the home that's very much intact from Garbo's days.
See the high-end apartment here

December 26, 2017

Office of Architecture replaced walls with walnut cabinetry and sliding doors in this Tribeca reno

Who needs walls in a large, lofty apartment when you can utilize great design instead? That was the thinking behind this Tribeca apartment renovation, spearheaded by the Brooklyn-based firm Office of Architecture. Walls were taken down to make space for walnut cabinetry, sliding doors, and industrial steel columns. The idea was to open up the living areas and bring in as much natural light as possible--and the resulting 3,000-square-foot apartment is quite stunning and livable.
Take the grand tour

December 22, 2017

Anthony Bourdain cancels plans for food market at Google’s Pier 57

Despite hyping up his massive Singapore street hawker-style food hall and retail market at Google's Pier 57 development since 2015, Anthony Bourdain announced today that he won't be moving forward with the project, reports Eater. Back in March, his partner and CEO of what was dubbed Bourdain Market stepped down. At the same time, it was learned that they'd yet to sign a lease, both of which made the 2019 opening seem like a stretch. In a statement, Bourdain said, "It seems increasingly clear that in spite of my best efforts, the stars may not align at Pier 57 which is an especially complicated site for which we still do not have a lease."
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Real Estate Trends

December 22, 2017

Celebrity chef Adeena Sussman lists her Central Park West co-op for $800K

Chef-to-the stars Adeena Sussman just listed her Upper West Side co-op at 410 Central Park West for $800,000. She's worked with a number of celebrity clients, including co-authoring cookbooks with model Chrissy Teigen, Candace Nelson of Sprinkles Cupcakes, Lee Schrager of the South Beach Wine and Food Festival, and actor David Burtka. Unsurprisingly, the open kitchen of this one-bedroom pad is well designed and fully equipped. And the rest of the apartment is finished with prewar details like hardwood floors, nine-foot beamed ceilings, and crown moldings.
Tour the kitchen

Distinctive Homes

In the middle of the night, Trump Soho gets rebranded as the Dominick Hotel

Image: Trump Soho; Donald Trump via Wikimedia Commons

December 22, 2017

In the middle of the night, Trump Soho gets rebranded as the Dominick Hotel

By Andrew Berman of Village Preservation

After an 11-year economic slump, local protests and multiple lawsuits, the Trump Soho condominium and hotel at 246 Spring Street has officially become the Dominick Hotel and Spa. Last month, the Trump Organization cut ties with the property after making a deal with the building’s owner, CIM Group, to step away from the hotel amid a decline in room prices. Between 11 pm on Wednesday and 3 am on Thursday, workers removed the Trump Soho lettering from the facade of the glitzy 46-story hotel, literally erasing President Trump's association with the building.
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Events & Things To Do

December 22, 2017

The Urban Lens: How Temple Court went from an abandoned shell to a romantically restored landmark

By James and Karla Murray

In 1883, one of NYC's first skyscrapers opened at the corner of Nassau and Beekman Streets. Known as Temple Court, the nine-story red brick and terra cotta structure was designed in the Queen Anne style by architect James M. Farnworth to attract accountants and lawyers who needed to be close to the city's courthouses. Its most impressive feature was its central atrium that rises the full height and is topped by a large pyramid-shaped skylight and two rooftop turrets. In the 1940s, this romantic atrium was walled in from top to bottom, and by 2001, the last commercial tenant moved out, ultimately sending the building into disrepair, a crumbling shell open to the elements. Plans to restore Temple Court into The Beekman hotel and add an adjacent 51-story condominium tower first surfaced in 2008, but before work got underway in 2012, we were granted the rare opportunity to explore the architectural gem in its eerily beautiful derelict state. And now that guests are filling up the 287 hotel rooms, the main floor is buzzing with restaurants from restaurateurs Tom Colicchio and Keith McNally, and the atrium's skylight and Victorian cast iron railings and ornamentation have been restored, we went back in to document how this one-of-a-kind landmark has been restored.
See the before-and-after photos and learn about our experience

What lies below: NYC’s forgotten and hidden graveyards

Zoom of the 1852 Dripps map of Manhattan, showing the proximity of downtown cemeteries, via David Rumsey Map Collection

December 21, 2017

What lies below: NYC’s forgotten and hidden graveyards

Most New Yorkers spend some time underground every day as part of their daily commute, but some spend eternity beneath our streets, and in a few cases occupy some pretty surprising real estate. Manhattan cemeteries are tougher to get into than Minetta Tavern without a reservation on a Saturday night because as far back as 1823, New York forbade new burials south of Canal Street. In 1851 that prohibition was extended to new burials south of 86th Street, and the creation of new cemeteries anywhere on the island was banned. But thousands of people were buried in Manhattan before those restrictions went into effect. And while some gravesites remain carefully maintained and hallowed ground, such as the those at St. Mark’s in the Bowery Church on Stuyvesant Street, Trinity Church on Wall Street, and St Paul’s Church at Fulton and Broadway, others have been forgotten and overlaid with some pretty surprising new uses, including playgrounds, swimming pools, luxury condos, and even a hotel named for the current occupant of the White House.
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History

December 21, 2017

Chrissy Teigen and John Legend tour a $9.5M penthouse in their former Nolita building

By Annie Doge

Looking to move back to New York City, celebrity power couple John Legend and Chrissy Teigen recently toured a $9.5 penthouse apartment at 374 Broome Street (h/t New York Post). The Nolita building is the same one where they once lived in a one-bedroom, which they sold for $4 million in August 2016. The superstar duo, now expecting their second child, is in need of more space, and the loft measures 2,610 square feet and includes three bedrooms and a huge rooftop terrace.
Take a peek

December 20, 2017

$2.8M Chelsea penthouse boasts sprawling three-level layout with two outdoor spaces

This custom-designed penthouse triplex at the Chelsea co-op 240 West 23rd Street has it all. There are three bedrooms and two bathrooms over 2,150 square feet of living space--1650 square feet inside, 500 square feet outside. A renovation brought in custom details, built-ins, and tons of storage space, and the open-concept layout keeps things bright and airy as each room boasts views across the city. It's just been listed on the market for $2.8 million.
Take the tour

Distinctive Homes

December 20, 2017

Chinese buyer snags three penthouses at 432 Park for $91M

After dropping a staggering $91.1 million, a buyer from China now owns three penthhouse apartments at 432 Park Avenue, the most expensive closing to date. Picking up units 92, 92B and 93B, the buyer, 432 Park Joy LLC, gets 11,906 square feet spanning two floors (h/t TRD). As 6sqft learned earlier this month, the combined units originally hit the market for roughly $120 million. Prior to this deal, the largest closing at the supertall was a penthouse that was asking $95 million but closed last year for $87.7 million. But it's still One57 that holds the record for the city's priciest residential deal, a penthouse that sold for $100.4 million in 2014.
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Real Estate Trends

December 19, 2017

A charming Bing & Bing co-op in Kip’s Bay asks $800K

Located in a boutique 1931 Bing & Bing co-op in Kip's Bay, a renovated one-bedroom pad has hit the market for $799,000. The light-filled apartment at 140 East 28th Street boasts charming pre-war details like a wood-burning fireplace, arched entry, beamed ceilings, and a classic layout that efficiently separates dining and entertainment areas.
See inside

Distinctive Homes

December 19, 2017

Nolita pad that belonged to John Mayer has hit the market for $4.35M

A Nolita condo has hit the market and it once belonged to pop singer John Mayer. He picked up the two-bedroom apartment at 225 Lafayette Street in 2005 for $2.17 million. He then sold it for $3.91 million in 2013 to a buyer who using the limited liability company "But It’s Provocative LLC." The Observer has spotted that the 2,063-square-foot home been re-listed by said provocative owner, and they're asking $4.35 million. For that amount you're getting a corner unit on the 12th floor of the building, with quite a modern aesthetic.
Take a look inside his old digs

December 19, 2017

The Upper West Side’s next tall tower reveals its Art Deco design

Despite some initial construction hiccups, plans for the 668-foot residential tower at 200 Amsterdam Avenue continue to move forward. According to YIMBY, the tower's developers, SJP Properties and Mitsui Fudosan, have unveiled new renderings of the Upper West Side building, including an up-close shot of its crown. Designed by Elkus Manfredi, the exteriors feature an aluminum curtainwall and metal panels. New York firm CetraRuddy will take on the interiors of the 112-unit condominium building.
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December 18, 2017

World Trade Center developer Larry Silverstein lists Park Avenue pad for $14M

After deciding that he wants to move downtown, mega-developer Larry Silverstein has put his longtime Park Avenue pad on the market for $13.9 million, reports the Wall Street Journal. Silverstein Properties is responsible for much of the World Trade Center redevelopment, so it's no surprise that Larry is opting to trade his Central Park views for those of the WTC site; last year, he and his wife Klara dropped $34 million on a penthouse at nearby 30 Park Place. The couple moved from White Plains to 500 Park Avenue 33 years ago when their children left for college.
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Distinctive Homes

December 18, 2017

William Lescaze’s modernist Upper East Side townhouse asks $20 million after a gut reno

One of New York City's earliest modern residences, designed by architect William Lescaze on the Upper East Side, is searching for a new owner after a gut renovation. Known as the Raymond C. and Mildred Kramer House, after its first owners, it was built at 32 East 74th Street in 1934. Lescaze was a Swiss-born, American architect credited with pioneering modernism in America. He designed New York's first modernist home for himself in Midtown East (pictured to the right) one year prior to this uptown commission (pictured to the left). At 32 East 74th, any remnants of his interior design have mostly disappeared after years on and off the market. The current owner paid $14.5 million for it in 2015, gutted it, and re-listed it as an investment property holding three duplex rental units. As Curbed points out, it's now asking a cool $20 million.
Take a look

Distinctive Homes

December 18, 2017

Macy’s executive pays $10.5M for Hilary Swank’s former West Village townhouse

What was once Hilary Swank's picture-perfect townhouse, at 33 Charles in the West Village has found a new owner. Mansion Global reports that Harry A. Lawton III, the president of Macy's department store, paid $10.5 million for the three-story home. The townhouse was built in 1899, designated a New York City landmark in 1969, and has more recently undergone a gorgeous renovation. Adding to the home’s cachet, Swank lived here with then-husband Chad Lowe from 2002, when she purchased it for $3.9 million, until 2006, when it was sold for $8.25 million. The townhouse was then listed this June by Corcoran for $11.995 million and went into contract early November. The sellers, according to property records, are Clyde and Summer Anderson, who run Books-a-Million, the second largest bookstore chain in the U.S.
Take a look at the digs

First official look at David Adjaye’s 800-foot Financial District condo tower

Renderings courtesy of Lightstone

December 15, 2017

First official look at David Adjaye’s 800-foot Financial District condo tower

Nearly four years after wrapping up his first NYC project, Harlem's Sugar Hill affordable housing development, renowned British architect David Adjaye is inching closer to completing his first skyscraper in the city. Preliminary plans for his Financial District condo tower surfaced in May, but developer Lightstone has shared the first official reveal of the tower, now known as 130 William. The height has increased from 750 to 800 feet, or 61 to 66 stories, and it will hold 244 residences. Adjaye says the "rich history" of one of "the city's earliest streets" influenced the building's unique concrete form. "I was inspired to craft a building that turns away from the commercial feel of glass and that instead celebrates New York’s heritage of masonry architecture with a distinctive presence in Manhattan’s skyline," he said.
More details and renderings ahead

December 14, 2017

1880s Yorkville townhouse, fresh off a renovation, is asking $6.5M

By Andrew Berman of Village Preservation

This Yorkville townhouse at 433 East 85th Street manages to strike the right balance between historic and modern. The home was built in the 1880s, according to the listing, but it has hit the market for the first time since a major renovation. Prewar details like wood-burning fireplaces and moldings are complemented by impressive new finishes of imported Calacatta Gold, marble glass mosaics, and natural limestone. And the backyard was totally redone, now decked out with 700 square feet of comfortable outdoor space. It's all asking $6.5 million.
Take a look

Distinctive Homes

NYC’s first elevated train and the world’s first streetcar began in Greenwich Village

The Ninth Avenue El near 14th Street c. 1914. Via Bain Collection, Library of Congress.

December 14, 2017

NYC’s first elevated train and the world’s first streetcar began in Greenwich Village

Greenwich Village is known as the birthplace of many things – the modern gay rights movement, Off-Broadway theater, the New York School of artists and poets, the “new urbanism” pioneered by Jane Jacobs, among many other trailblazing firsts. Less closely associated with the Village, however, are radical and transformative innovations in transportation technology. But while little known, the Village was in fact home to the first elevated rail line, and the first streetcar.
The whole history right this way

Image via Wikimedia Commons.

December 14, 2017

New Amtrak app helps you navigate through Penn Station’s chaos

By Michelle Cohen

If you've ever found yourself lost in a maze of corridors or trampled in a boarding stampede at Penn Station, help may have arrived in the form of yet another useful mobile app. Beginning this week, Amtrak will offer a free app, FindYourWay, that helps travelers–65,000 of whom pass through the station each day–find their way through the station and avoid the crush of crowds that form around electronic boards announcing train departures, the New York Times reports.
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Lottery opens for 98 units at site two of Lower East Side’s Essex Crossing, from $519/month

Rendering of 115 Delancey Street via Handel Architects

December 13, 2017

Lottery opens for 98 units at site two of Lower East Side’s Essex Crossing, from $519/month