Manhattan

There's no "debating" that NBC Nightly News and Dateline NBC anchor Lester Holt has good taste in real estate, as evidenced by the listing photos for his classy Nomad apartment. The fact that his wife, Carol Hagen-Holt, is one of the listing brokers probably doesn't hurt either. The Observer first noticed that the couple put the three-bedroom spread at 225 Fifth Avenue on the market for $6.6 million, a far cry from the $3.3 million they bought it for in 2007. It boasts views of Madison Square Park and the Flatiron Building, a private terrace, and a sumptuous mix of furnishings and decor.
Take a look around

Related’s Stephen Ross kicks off construction on Hudson Yards’ 150-foot climbable ‘Vessel’

First Piece of Vessel Installed 04.18.2017 – courtesy of Related-Oxford

April 18, 2017

Related’s Stephen Ross kicks off construction on Hudson Yards’ 150-foot climbable ‘Vessel’

The standard for public art spaces has officially reached new heights. Today, the installation has begun on Vessel, an innovative landmark designed by Heatherwick Studio at Hudson Yards. As 6sqft previously wrote, the project’s idea stems from Related Companies' chairman Stephen Ross, who chose Heatherwick to design the $200 million (up as of today from the original $150 million estimate) large-scale piece of art. After being fabricated and constructed in Monfalcone, Italy, the first ten pieces of the 150-foot-tall steel structure arrived in January at the Port of Newark via ship and then traveled across the Hudson River. And as of this morning, Ross was on site to mark the first of these massive components (they each weigh close to 100,000 pounds) being put into place by crane.
See photos from Vessel's installation and watch a video of Stephen Ross' remarks

April 18, 2017

Apply for an affordable apartment at Chelsea Centro, two-bedrooms priced at $1,574/month

By Diane Pham

TF Cornerstone is once again accepting applications for affordable studio, one- and two-bedroom units at their very well located Chelsea Centro rental at 200-220 West 26th Street. The full-time doorman building was erected in 2001 and boasts an 80/20 mix of low-income and market-rate units. As noted by the NYC Department of Housing Preservation and Development, TF will be accepting applications from qualifying individuals and families until all the building's affordable vacancies have been filled and its waiting list replenished. The current units up for grabs range from $1,215 per month for a studio up to $1,574 per month for a comfortable two-bedroom spread.
find out if you qualify here

Affordable Housing

April 18, 2017

This $21M Tribeca penthouse boasts exceptional outdoor space complete with a heated infinity pool

Inside this massive Tribeca penthouse you've got custom marble, bronze and mahogany details, not to mention light fixtures crafted by a Steampunk designer. The spectacular pad spans two floors over 5,100 square feet and holds four bedrooms and six bathrooms. Outside, over 2,500 square feet, there's a fully irrigated and planted terrace, as well as a roof deck complete with an outdoor kitchen and heated infinity pool. Simply put: anywhere you go at this penthouse apartment, now asking $21 million at the Tribeca condo 169 Hudson Street, you will be impressed.
So see the rest of the space

Distinctive Homes

April 17, 2017

Apply for 20 affordable units near the Queensboro Bridge, starting at $1,254/month

By Dana Schulz

The price is right, but the location may not be the most desirable for this new affordable housing building, as it's situated directly alongside the off-ramp to the Queensboro Bridge. Traffic views aside (we're hoping they installed sound-proof windows), these 20 apartments at 321 East 60th Street include $1,254/month one-bedrooms and $1,511/month two-bedrooms for those earning 80 percent of the area median income.
More on the project here

Affordable Housing

April 17, 2017

Glamorous $5.5M UES co-op sits directly across from the Metropolitan Museum of Art

This is a prime Upper East Side location if we've ever seen one: the three-bedroom co-op at 1016 Fifth Avenue is located directly across from the Metropolitan Museum of Art with unobstructed views. After a full renovation the apartment has hit the market for $5.495 million. (It last sold in 2011 for $3.35 million.) It's undeniably luxurious, and not just because of the location. The apartment is only one of two when you exit the elevator, and the interior is flanked with columns, built-in bookcases, a fireplace and much more.
Take a look

Distinctive Homes

April 17, 2017

Affordable housing lottery for seniors opens at Essex Crossing, from $396/month

By Dana Schulz

At the beginning of last month, the first affordable housing lottery opened for Essex Crossing at Beyer Blinder Belle's huge mixed-use building 145 Clinton Street, where 104 below-market rate units were up for grabs. As of today, the second lottery is open, this time at Dattner Architects' 175 Delancey Street, a 14-story, 100-unit building at the megadevelopment's site 6 that will also offer ground-floor retail, medical offices for NYU Langone, and a senior center and job training facility from the Grand Street Settlement. These 99 one-bedroom apartments are set aside for one- and two-person households that have at least one resident who is 55 years of age or older. They're also earmarked for those earning 0, 30, 40, 60, and 90 percent of the area median income and range from $396/month to $1,254/month.
Find out if you qualify

Affordable Housing

April 14, 2017

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

By Ondel Hylton

Images (L to R): 3 Journal Square, Stuyvesant Town, 253 West 72nd Street, Myrtle & Steuben 2 Months Free at New Hell’s Kitchen Rental [link] 1 Month Free at West 72nd Street Prewar [link] StuyTown Offering $3,600 Move-In Bonus Until April 16th [link] 1 Month Free at Newly Launched Clinton Hill Rental [link] Renovated Rentals […]

Real Estate Trends

April 14, 2017

Robert A.M. Stern’s 520 Park Avenue, Upper East Side’s tallest building, hits pinnacle height

520 Park Avenue, well on its way to being the tallest skyscraper on the Upper East Side, is putting its final crowning members in place, CityRealty reports. The developer of the 54-story tower just off Park Avenue at East 60th Street is the multi-generational Zeckendorf real estate dynasty who brought us 50 U.N. Plaza, 15 Central Park West and the neighborhood-transforming Worldwide Plaza and Union Square's Zeckendorf Towers.
Find out more

April 14, 2017

$625K boho duplex is a cave-like East Village hideaway

The listing for this quirky little bohemian bolthole at 121 East 10th Street, near the iconic St. Marks Church in-the-Bowery, uses words like "special," "handpicked" and "salvaged," and there's a reason beyond salesmanship. Looking at this enchanted mini-loft does, in fact, make us feel "transported to another time and place." Another time, at least: The place is the old East Village of legend. Who knows, this could even be the apartment that invented exposed brick.
Have a look around this creative little pad

April 13, 2017

‘How I Met Your Mother’ actress Cobie Smulders lists Battery Park City condo for $4M

The star actress of the long-running TV show, "How I Met Your Mother," Cobie Smulders, and husband Taran Killam, Hamilton actor and SNL veteran, have listed their apartment at 2 River Terrace in Battery Park City for $3.995 million. As first reported by Luxury Listings NYC, the 1,580-square-foot-condo has three bedrooms, three bathrooms and boasts a private landscaped terrace. Other celebrities like Leonardo DiCaprio and Tyra Banks have also lived in the building, and filmmaker Oliver Stone just bought an apartment there.
Check out the Battery Park City pad here

April 13, 2017

Oscar-winning filmmaker Oliver Stone pays $4M for Battery Park City condo with views for days

Award-winning screenwriter, film director, producer, and New York native Oliver Stone is moving to Battery Park City. As the New York Post learned, Stone is buying a 24th-floor condo at Riverhouse at 2 River Terrace, a building home to Leonardo DiCaprio and formerly, Tyra Banks (whose duplex hit the market last month for $17.5 million). The $4.35 million apartment boasts 1,982 square feet and floor-to-ceiling windows.
See inside the high-rise

April 13, 2017

David Schwimmer checks out a $3.3M boutique condo in the East Village as a potential investment

Newly single David Schwimmer was seen checking out a $3.3 million apartment in the East Village's boutique condo building 64 East 1st Street. While bachelor pad initially comes to mind, a spokesperson for the actor told the Post, "He is always looking at interesting investment opportunities in New York." Schwimmer is not necessarily a welcome neighbor, however; in 2010 he bought a 19th-century townhouse on Tompkins Square Park (one of the oldest on the block) for $4.1 million, but the following year he destroyed it after the Landmarks Preservation Commission told him it was headed for landmark designation.
READ MORE

April 13, 2017

Emergency ferry route between N.J. and Midtown will become permanent this fall

Following the recent Penn Station train derailment and subsequent delays during the busy weekday commute, NY Waterway launched an extra ferry route running from Hoboken to Midtown Manhattan. Now, NJ.com reports, that ferry service will become permanent starting in September of this year. The new ferry will run between between West 39th Street and Hoboken terminal according to NY Waterway president and founder Arthur Imperatore Sr.
Find out more about the new commuting option

Transit

April 13, 2017

For $375K, this Tudor City studio is old-world elegance with amenities

On the eastern fringe of bustling Midtown, the (mostly) pre-war Tudor City complex was built as rentals by Fred French in the 1920s to give office workers easy access to their jobs while enjoying efficient and elegant living conditions. The buildings were converted to co-ops in the 1980s, and they've retained their elegance and compact efficiency. Woodstock Tower at 320 East 42nd Street is one of the most charming buildings among them, and this cheerful studio with city views, asking a pied-a-terre-friendly $375,000, is a fine example.
Lots of photos, this way

Distinctive Homes

April 12, 2017

Astoria, Morningside Heights and Bay Ridge have highest turnover of rent-stabilized apartments

Scoring a rent-stabilized apartment is a big win in New York City, as these regulated pads usually offer rent at below-market rates and provide tenants more protections against landlords. While more than 925,000 rent-stabilized apartments still exist in the city, these units turn over at a faster rate in certain neighborhoods than others, and their availability continues to dwindle (h/t WYNC). According to a new report by the city’s Independent Budget Office (IBO), the neighborhoods of Astoria, Morningside Heights and Bay Ridge all have high concentrations of rent-regulated housing built prior to 1974 and therefore, higher rates of turnover compared to other parts of the city.
Find out more

April 12, 2017

Snag a clean, classic design from gallery owner Taymour Grahne at this $3.5M Tribeca condo

You would expect the apartment of an art gallery owner to look stunning, and this Tribeca condo does not dissapoint. It's owned by Taymour Grahne, founder of the local Taymour Grahne Gallery. He paid $2.7 million for the two-bedroom pad at 8 Warren Street back in 2011, and now it's asking $3.5 million. The interior, of course, has some great artwork alongside a simple, paired-down design that compliments the exposed brick and high ceilings.
Get the grand tour

Distinctive Homes

April 11, 2017

Coughlin Architecture gives an actor’s 500-square-foot penthouse an efficient design update

By Rebecca Paul

Living in a tiny apartment no longer has a stigma attached to it. If anything, their inhabitants and the architects who outfit them seem to revel in their diminutive stature. One such example is this mere 500-square-foot penthouse apartment located on West 56th street across from the Hearst Tower, recently given a sweeping update by Coughlin Architecture. The home's owner, an actor splitting time between NYC and LA, requested an open, bright space, with a minimal kitchen and bathroom.
see more inside

Distinctive Homes

April 11, 2017

Spend the summer creating in this Soho artists’ loft with a giant studio for $7,300 a month

This 2,500 square-foot full-floor space at 458 Broadway definitely captures the essence of the timeless Soho artists' loft, from the enormous window-lined studio to the sleek loft kitchen and colorful bath. It's available for rent from June through August for $7,300 a month; furnished and in the midst of non-stop Soho, it could be the perfect way to step into the loft life for the summer.
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Distinctive Homes

April 11, 2017

Contest winners suggest a car-free 14th Street with shuttles and bike lanes during L train shutdown

Advocacy group Transportation Alternatives has been trying to stay focused on grounded solutions–literally, as opposed to the tunnel and skyway ideas that are also being discussed–to mitigate the anticipated possible chaos when the dreaded 15-month L train shutdown hits. The organization is aiming for the ear of the Department of Transportation (DOT) and the MTA which control street design and bus expansion, respectively. The group recently held an "L-ternative" contest seeking pedestrian-centered proposals for main transit corridors along the L line, such as 14th street, Gothamist reports. The winning proposal, called 14TH ST.OPS, imagines a (car) traffic-free 14th Street with a six-stop shuttle bus using dedicated lanes, plus protected bike lanes.
Check out the winning post-L-Train vision

April 11, 2017

A design proposal envisions a cantilevered transit hub on Roosevelt Island

Roosevelt Island, the mile-long neighborhood that lies in the East River between Manhattan and Queens, will be a stop on the NYC Ferry route that connects Astoria to Wall Street beginning in August. While this will ease access to other parts of the city for residents of the island, French architect Victor Ostojic has another idea. As Curbed reported, Ostojic published a conceptual proposal of a cantilevered glass-covered ferry terminal on the western side of the island. Located parallel to Manhattan’s East 63rd Street, the terminal would include ground-floor retail, a food court, office space and a luxury hotel on top.
See renderings of the transit hub

April 10, 2017

The New Design Project’s Park Avenue apartment has an uptown address with downtown style

By Rebecca Paul

This beautiful Park Avenue apartment from the The New Design Project reflects the elegance and refinement synonymous with its Upper East Side address but also boasts a unique downtown vibe made possible by the studio's signature aesthetic. The light-filled home is adorned with modern furniture and lighting, as well as carefully curated floor treatments and accessories.
See the whole home

April 10, 2017

There’s plenty of charm packed into this 330-square-foot Tudor City pad, asking $364K

You can do a lot with 330 square feet, and for proof, look no further than this studio apartment at 45 Tudor City Place, one of the co-ops that makes up Tudor City in Murray Hill. The unit has just hit the market for an appealing price tag of $364,000. It's a corner studio with exposures to the south and west and views over Tudor City Park. Large closets and a murphy bed help with storage, while high ceilings and the large, original windows provide extra breathing room.
See more right this way

Distinctive Homes

Gamma Real Estate closes on $86M purchase of 3 Sutton Place, taps Thomas Juul-Hansen for new design

The original rendering of 3 Sutton Place by Foster + Partners

April 10, 2017

Gamma Real Estate closes on $86M purchase of 3 Sutton Place, taps Thomas Juul-Hansen for new design

Following a contentious legal battle, Gamma Real Estate has won the foreclosure auction and closed on the $86 million acquisition of 3 Sutton Place, a development site where the firm plans on building a 700-foot-tall condominium tower. As Commercial Observer learned, this includes three neighboring lots at 428-432 East 58th Street between First Avenue and Sutton Place. Earlier this year, 6sqft explained that a bankruptcy judge authorized the sale of the property after Joseph Beninati’s Bauhouse Group failed to pay back creditors. While Stephen B Jacobs remains the executive architect, Gamma has hired Thomas Juul-Hansen, a Danish-born architect, who will design the skyscraper.
Find out more

Real Estate Trends

April 10, 2017

Village carriage house rented by Taylor Swift with a pool, garage and elevator asks $24.5M

Last June, 6sqft reported that pop siren Taylor Swift was renting a carriage house at 23 Cornelia Street in the West Village for $40,000 a month while the Tribeca penthouse she'd purchased was undergoing a $535,000 renovation. The 1912 brick carriage house, which features a swimming pool, an elevator and a private garage, is now on the market for $24.5 million. The renovated home, owned by Soho House executive David Aldea who purchased it for $5.3 million in 2005, also boasts five bedrooms and several terraces in addition to its idyllic location and historic charm.
Take the tour

April 9, 2017

$2.4M Village co-op is townhouse charming and loft cool