Manhattan

The new luxury rental residences at One Hudson Yards at 530 West 30th Street, part of Manhattan's largest new mixed-use development, have begun leasing for the 30-story building's 178 apartments which range from one to three bedrooms (and one four-bedroom penthouse) according to a press release from Related Companies. The building's architecture is by Davis Brody Bond; interiors are by Andre Kikoski, who also designed the building's peerless collection of luxury amenities. Of particular note are extra-tall windows set into a modern curtain wall façade that offer breathtaking views of out over the Hudson River, the surrounding West Chelsea neighborhood and all of Downtown Manhattan–as well as Heatherwick Studios’ "Vessel" sculpture.
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Follow-up report says next year’s 11 percent NYC vacancy rate is bogus

Image: Pexels

August 7, 2017

Follow-up report says next year’s 11 percent NYC vacancy rate is bogus

6sqft recently reported on a forecast by online real estate marketplace Ten-X predicting a precipitous threefold spike in New York City’s apartment vacancy rate that could even exceed 11 percent by the end of next year as thousands of new apartments hit the market, adding up to a "grim reckoning” for landlords. Now, a Crains reporter tells us that skeptics like marketing-consultant-to-developers Nancy Packes, who said the prognostication of a rental market meltdown “didn’t make any sense,” could be right after all.
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Real Estate Trends

August 4, 2017

This little Chelsea studio with cool custom details and a stunning wood wall is asking $589K

As soon as you move into this 560-square-foot loft-style Chelsea studio at 85 8th Avenue, you'll be convinced you've snagged the coolest apartment in the neighborhood. It was formerly a one-bedroom, it's just had a full renovation...and the space is divided by a custom-milled wooden wall that runs the length of the bedroom area. Not convinced? There's also a walk-in closet, a Juliet balcony and Empire State Building views, all for $589,000.
That's the kind of wall we like to see

Distinctive Homes

August 4, 2017

The Urban Lens: Documenting the change in Tribeca from the early 1900s to present day

6sqft’s ongoing series The Urban Lens invites photographers to share work exploring a theme or a place within New York City. In this installment, Ivan Kosnyrev shares before-and-after photos of Tribeca. Are you a photographer who’d like to see your work featured on The Urban Lens? Get in touch with us at [email protected]. When Ivan Kosnyrev and his partner moved to Tribeca from Russia three years ago, they knew no one. To get themselves acclimated with their new home, they decided their first "friend" should be the city itself. Ivan, a philosopher by education and IT manager by profession, immersed himself in New York City guide books and blogs, getting so well versed that he eventually began giving his friends informal walking tours of the area. And when he discovered the New York Public Library's OldNYC collection, an interactive map with photos from the 1870s through the 1970s, he decided to embark on a project that he could share with even more people. After selecting a group of archival Tribeca images, he went out and took present-day snapshots of the same locations, providing a neighborhood-specific view of just how much NYC has changed (and in some cases, hasn't!) over the past 100 years.
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After lease dispute, Secret Service vacates Trump Tower for trailer outside

Photo of Trump Tower via Krystal T’s Flickr

August 4, 2017

After lease dispute, Secret Service vacates Trump Tower for trailer outside

By Andrew Berman of Village Preservation

The Secret Service has left its central command post inside Trump Tower after an argument between the agency and the Trump Organization over the lease agreement for the space. While the Secret Service previously placed its supervisors and backup agents one floor below the president's apartment, the Washington Post reported that in early July, the agents were relegated to a trailer on the sidewalk. Although President Trump has not been to his eponymous tower since he was inaugurated in January, the Secret Service still treats Trump Tower as the president’s permanent residence.
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Celebrities

‘Heard it through the grapevine?’ The source was probably at 6th Avenue and 11th Street

6th Avenue and 11th Street, 1905. Image via Ephemeral New York,

August 3, 2017

‘Heard it through the grapevine?’ The source was probably at 6th Avenue and 11th Street

On August 6, 1966, the first known recording of "I Heard It Through The Grapevine" was made by the Miracles. Written by Motown pioneers Norman Whitfield and Barrett Strong, the song was re-recorded several times, most famously by Gladys Night and the Pips and Marvin Gaye, whose version landed on the top of the charts for seven weeks in early 1969. But the famous saying about receiving important news or information through a person-to-person chain of communication significantly pre-dates the Motown era. In fact, plentiful evidence and credible sources say it all goes back to a beloved tavern on the corner of 6th Avenue and 11th Street in Greenwich Village.
more on the history here

History

A giant, undulating 3-D billboard will debut in Times Square this month

Image via Radius Displays

August 3, 2017

A giant, undulating 3-D billboard will debut in Times Square this month

By Diane Pham

Real New Yorkers will do anything they can to avoid the chaos of Times Square, but debuting in less than a week is a technological marvel that might draw even the most Midtown-adverse out of their Uptown or Downtown havens. As CityRealty first reports, Radius Displays, a leading digital sign producer, has plans to introduce a massive 3-D video display in the ad-drenched stretch this month. The billboard, which they are billing as "unlike anything else in Times Square, or indeed the world,” will not only span an impressive 2,600-square-feet but be made up of thousands of individual panels capable of creating mind-boggling Inception-like effects.
more details here

Despite legal troubles, the first units at 111 West 57th Street go into contract

Rendering of 111 West 57th Street via Property Markets Group

August 3, 2017

Despite legal troubles, the first units at 111 West 57th Street go into contract

Just last week, 6sqft covered the financial and legal woes of Property Markets Group and JDS Development’s super tall and slender tower at 111 West 57th Street. Despite reports that construction had stalled over budget overruns and a potential foreclosure, the first condominiums, at what is lined up to be the world’s future tallest residential skyscraper, just went into contract (h/t The Real Deal). While Apollo Commercial Real Estate Finance, which issued a $325 million mezzanine loan for the project, did not share exactly how many units out of 60 are under contract, CEO Stuart Rothstein told TRD, they sold at “prices well over (Apollo’s) basis.”
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August 3, 2017

This $425K Hell’s Kitchen studio may be small, but its renovation will not disappoint

How much can you do with 410 square feet? Surprisingly, quite a bit. A renovation at this Hell's Kitchen studio, located within the 433 West 54th Street cooperative, has tried to maximize space in any way possible. Case in point: a Murphy bed "cabinet" with the option to tuck your bed away in style, a corner kitchen lined with wood that also holds storage underneath a compact breakfast bar, and a fire escape that makes for a suitable outdoor space. After last selling in 2010 for $340,000, the studio is asking $425,000.
This way for a look inside

August 2, 2017

News anchor Lester Holt breaks with posh Nomad apartment for $6.4M

By Annie Doge

Breaking: Lester Holt has sold his classy Nomad apartment for $6.4 million, just under the $6.6 million he listed it for in April, reports the Post. The NBC Nightly News and Dateline NBC anchor bought the three-bedroom spread at 225 Fifth Avenue for $3.3 million in 2007. Along with the impressive views of Madison Square Park and the Flatiron Building and a private terrace, the sale was likely helped along by the fact that Holt's wife, Carol Hagen-Holt, was one of the listing brokers.
Take a look around

Report predicts NYC’s vacancy rate will triple alongside falling rents

Image: Pexels

August 2, 2017

Report predicts NYC’s vacancy rate will triple alongside falling rents

A new forecast by online real estate marketplace Ten-X predicts that New York City's apartment vacancy rate will exceed 11 percent by the end of next year as thousands of apartments hit the market, the Wall Street Journal reports. The study also points to a slowing job growth rate, which drives the rental market, as a factor in what could be a "grim reckoning" for landlords.
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Real Estate Trends

August 2, 2017

After four years on the market, $125M Pierre penthouse sells for a paltry $44M

The 16 room triplex that takes up the 41st, 42nd and 43rd floors of the legendary Pierre Hotel has finally sold for $44 million, a huge drop from its original $125 million asking price. Located at 795 Fifth Avenue, the penthouse was owned by Barbara Zweig, the widow of financier Martin Zweig, who first listed the property in 2013 after her husband’s death. According to The Real Deal, the pad features a library, four terraces, private elevator and costs $51,840 per month to maintain.
See inside

August 1, 2017

$4,000/month West Village rental comes with its very own front door entrance

You could pretend you live in your own West Village townhouse with this rental, which comes with a private front door you enter off the street. Located at 344 West 12th Street, a tree-lined and cobblestoned stretch between Greenwich and Washington Streets, your front door will take you right into a pre-war one bedroom with a wood burning fireplace, the original hardwood floors and French doors. Though it's in a co-op building, this apartment is up for rent at $4,000 a month.
See more of the prewar details

August 1, 2017

Clive Davis chops the price of his ritzy Midtown duplex to $6.996M

By Annie Doge

Back in 2015, five-time Grammy Award-winning producer and Sony Music Entertainment's chief creative officer Clive Davis bought two units at 465 Park Avenue for $3.4 million, combining them to create a contemporary, art-filled duplex for an unknown family member. However, just a year later, "things changed" for this relative, and he listed the pad for $7.8 million. Despite the super-swanky design and ritzy decor, he's had a hard time unloading the home, and Mansion Global now reports that he's chopped the price by 10 percent to $6,995,000.
Take the tour

July 31, 2017

Pre-war penthouse with a water tower atop its terrace asks $2.5M in Midtown West

Now that we're in the dog days of summer, nothing looks more appealing than a spacious, well-designed roof deck that just happens to have a water tower perched above it. That's the case at this Midtown West condo at 40 West 55th Street, now on the market for $2.5 million. The one-bedroom penthouse is literally surrounded on four sides by an outdoor space lined with greenery. Inside, a skylight and southern, western and northern exposures that look out onto the lush terrace result in a modern, bright interior.
Go inside the apartment

Distinctive Homes

July 31, 2017

Mr. Big (a.k.a. actor Chris Noth) snags little Upper East Side co-op for $1.8M

By Annie Doge

While he is known for playing hot shot New Yorker Mr. Big on "Sex and the City," actor Chris Noth has called New York City his home in real life since the 1970s. And since 1994, Noth has owned his apartment at 45 East 9th Street, the same building where Candace Bushnell lived, the writer behind the newspaper column and book that inspired the popular TV show. Recently, "The Good Wife" actor purchased a co-op at 139 East 66th Street on the Upper East Side for $1.85 million, reported LL NYC. The pre-war pad boasts just two bedrooms and two bathrooms, a bit on the small side for Mr. Big.
See inside

July 30, 2017

Bright apartment on the full floor of a West Village townhouse asks $6,500/month

Somewhere along the line, the historic Federal period townhouse at 428 Hudson Street was broken up into four apartments. And now theres' the opportunity to rent this one, which occupies the townhouse's entire third floor. If you don't mind the walk-up, the apartment offers two bedrooms and two bathrooms over 1,200 square feet. The large, open living space is decorated with a fireplace and hardwood floors, while sunshine comes in from exposures to the east and west. For this calm, quiet pad perched atop a West Village townhouse, it'll cost $6,500 per month.
Take a look

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

Images (L to R): FRANK 57 WEST, 237 11th Street, 180 Water Street and 1 QPS Tower

July 29, 2017

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

By Emrys Fitzgerald

Gut-Renovated Rentals in Prewar Harlem Building from $1,850/Month; Move-In August 1st [link] Live & Play at “The Crescendo,” South Bronx’s Unprecedented Rental Prepares for Summer Launch [link] Meet Crystal54, Hell’s Kitchen’s New Cast-Iron Rental Leasing from $3,200/mo [link] Conversion of 1890s Bushwick Church is Complete; See Inside the New Rentals [link] Grand New Rentals Debut […]

Real Estate Trends

July 28, 2017

125 Greenwich Street gets new rendering, taller 912-foot height

Earlier this month, developers Bizzi & Partners and New Valley finalized a $450 million loan for their Rafael Viñoly-designed skyscraper at 125 Greenwich Street, and they've now released a finalized rendering of the slender condo tower and filed plans that show it will top out at 912 feet (h/t Yimby). The height is only slightly above the most recent reporting of 898 feet, but the project was originally supposed to rise a whopping 1,400 feet. Though it's no longer in line to be downtown’s tallest residential building, it will still offer impressive views and a wind-resistant design.
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July 28, 2017

$2.4M Lower East Side pad uses inventive design to complement its railroad layout

This apartment is long and narrow, but it's also got a ton of square feet and some inventive design to make for a pretty nice pad. Located at the Lower East Side condo 71 Ludlow Street, it boasts 1,646 square feet, three bedrooms, and a $2.395 million price tag. (It last sold in 2013 for $1.65 million.) A curvy kitchen dominates the middle of the open space, while bedrooms are placed on either side. And surprisingly, for a railroad layout, the apartment boasts three exposures to bring in light.
Take an interior tour

Distinctive Homes

July 27, 2017

CetraRuddy proposes sustainable designs for first office building along the Village’s ‘Silicon Alley’

An "oversized Silicon Alley" is what some are calling Mayor de Blasio's plan to transform Union Square and its southern stretches into the city's next tech hub. The main component so far is the massive Union Square Tech Hub proposed to replace the P.C. Richard & Son building on East 14th Street, but Councilwoman Rosie Mendez and the Greenwich Village Society for Historic Preservation are advocating that, in exchange for the building, the city rezone the surrounding blocks to prevent an influx of out-of-scale development. Despite their oppositions, CetraRuddy has revealed on their site two environmentally friendly proposals for the site at 799 Broadway, the former home of the St. Denis Hotel at the southwest corner of East 11th Street. Spotted by CityRealty, the 240-foot, 17-story office building would be the first catering to the Mayor's tech dreams, though the renderings are merely conceptual at this point.
All the renderings and details ahead

July 27, 2017

Explore the history of human communication through 100 Barclay’s ceiling murals

By Diane Pham

This post has been sponsored by 100 Barclay. To learn more about available condos or to schedule a tour, visit the official 100 Barclay website. Much attention has been given to the landmarked 100 Barclay as of late thanks to a recent redevelopment of the upper floors into luxury apartments by Magnum Real Estate Group and the CIM Group. The full-block building, which sits on a site at the southern edge of Tribeca and just off the Hudson River waterfront, was originally constructed between 1923 and 1927 as the headquarters of the New York Telephone Company. Then known as the Barclay-Vesey Building (also the New York Telephone Building), the tower was the world's first Art Deco skyscraper, designed by a young Ralph Walker while he was just an associate at McKenzie Voorhees & Gmelin. Walker's design provided not only a launching pad for his own career (he soon after became a partner in his firm and later went on to become one of the country’s most esteemed architects) but the Barclay-Vesey would provide inspiration for many of New York's future skyscrapers.
explore the murals here

Places

July 27, 2017

World’s skinniest skyscraper at 111 West 57th Street stalled at 20 stories by soaring costs

The construction of Property Markets Group and JDS Development’s 1,421-foot-tall tower at 111 West 57th Street has been the subject of much anticipation and excitement, as it's slated to be among the tallest residential skyscrapers anywhere and the world's most slender with a height-to-width ratio of 24:1. But after rising only 20 stories, the SHoP Architects-designed Billionaires' Row addition has stalled, plagued with budget overruns and headed for foreclosure, the New York Post reports.
What could possibly have happened?

Photo via Wiki Commons

July 26, 2017

The history behind how Great Jones Street got its name

After 34 years of serving giant Cajun-Creole portions alongside obscure jukebox music, Great Jones Cafe is closing its doors for good tonight. The notorious Noho bar at 54 Great Jones Street opened in 1983 when the block was so empty patrons used be able to play whiffle ball in the street, but its closure serves as a reminder of the history of Great Jones Street. This superlative name dates way back to 1789 when politician Samuel Jones donated land to the city under the terms that they name any street within the property after him. But there was one little issue....
Where did the street name come from?

History

July 25, 2017

Manhattan’s first-ever water park is coming to the Upper East Side—and it looks like a giant dishwasher!

For three Saturdays in August, nearly seven miles of NYC thoroughfares, from the Brooklyn Bridge to Central Park, will be closed to traffic as part of the city’s annual Summer Streets program. And this year's event has some pretty adventurous offerings, including a 270-foot waterslide, rock-climbing wall, and a 165-foot-long zipline. Guests will also get to visit Manhattan's first-ever water park on the Upper East Side, courtesy of LG Electronics. The giant inflatable park, called LG QuadWash™ Water Park, will measure 30-feet wide by 50-feet long and it's designed to look like both the interior and exterior of LG's new dishwashers, including cutlery-shaped slides, jet stream sprinklers, and "3rd rack" monkey bars.
Learn how you’ll be able to play in a giant dishwasher

Events & Things To Do

July 25, 2017

Meg Ryan’s moody, ‘Megan-ized’ Mercer Street loft sells for $9.9M