Manhattan

Like Stuyvesant Town, the Riverton Square residential development in Harlem opened in 1947 as an affordable complex for World War II veterans and was built by the Metropolitan Life Insurance Company. But unlike Stuy Town (and Met Life's Parkchester in the Bronx), black and Hispanic tenants weren't barred from renting in Riverton. According to the Times, over the years the seven-building site was a sought-after address for the middle-class and was home to such notables as jazz pianist Billy Taylor, former Mayor David Dinkins, and former vice president of Motwon Records Suzanne de Passe. But in 2005, again similar to its downtown counterpart, Riverton was sold to Stellar Management, who tried to swiftly remove long-term tenants and replace them with higher-paying residents. Unable to convert the rent-stabilized units to market-rate and saddled with debt, Stellar lost Riverton to its lenders in 2008. This past December, after nearly a decade in limbo, the 12-acre site was sold to A&E Real Estate Holdings for $201 million in a deal with the city which, like the recent terms at Stuy Town, dictated that 975 of the complex's 1,229 units be reserved for working- and middle-class families for 30 years. In return, the buyer will receive about $100 million worth of tax breaks and incentives. The waitlist is now open for these affordable units, and 7,500 randomly selected applicants will earn themselves a spot.
Find out if you qualify here

Affordable Housing

May 11, 2016

The ‘One57 of Assisted Living’ Will Charge Seniors $20,000 a Month

Luxury isn't exactly the word that comes to mind when one thinks of a T.G.I. Friday's, or an assisted living development for that matter, but the chain restaurant's midtown location will soon yield the "One57 of Assisted Living." Bloomberg reports that Welltower Inc., the country's largest senior-housing owner by market value, teamed up with developer Hines (who is also behind the nearby MoMA Tower) to purchase the site at 56th Street and Lexington Avenue, just a few short blocks from Billionaires' Row and the prestige of Park Avenue, where they'll build a 15-story tower "to accommodate wealthy Manhattanites in need of assisted-living and memory-care services." And wealthy is not an understatement -- monthly rents will start at $20,000, and keep in mind that this isn't covered by insurance.
More details ahead

New Developments

May 10, 2016

Forgotten Four Acres of Central Park Reopens to Visitors After Almost 90 Years

By Diane Pham

After being closed off to the public since the 1930s, The Hallet Nature Sanctuary on the lower east side of Central Park is once again open to all, writes The Times. The lush four-acre peninsula has for the last decades been used as a bird sanctuary, reclaimed and then tended to by the Central Park Conservancy in 2001 as part of their Woodlands Initiative. Under the project, $45 million was directed towards revitalizing and restoring the wooded areas of Central Park to their original glory.
More on how to visit here

The History of Herald Square: From Newspaper Headquarters to Retail Corridor

Image via Library of Congress

May 10, 2016

The History of Herald Square: From Newspaper Headquarters to Retail Corridor

By Michelle Young

Herald Square is today known for many things. There's the flagship Macy's department store and the pedestrianized part of Broadway that extends to Times Square. And it serves as an epicenter of the retail corridor that now runs from 5th Avenue to 7th Avenue. Some may remember the song, "Give My Regards to Broadway," from the George M. Cohan musical "Little Johnny Jones"with the iconic line, "Remember me to Herald Square." But written in 1904, "Give My Regards to Broadway" references a very different Herald Square than the one we're familiar with today.
Learn about the evolution of Herald Square here

May 10, 2016

$2.5M Chelsea Co-op Has Custom Everything and Plenty of Space For Art

Right in the heart of Chelsea, a neighborhood known for its art galleries, is this $2.499 million apartment at 143 West 20th Street, being marketing for art lovers. The two-bedroom co-op was gut renovated by its developer-owner, who created a flexible, open floorplan with plenty of opportunities to hang artwork. It's been smartly designed with custom everything -- from the china cabinets in the dining room to the Murphy bed in the second bedroom.
Take a look

Distinctive Homes

May 9, 2016

Rafael Viñoly Admits 432 Park ‘Has a Couple of Screw-Ups’

432 Park Avenue is the supertall that New Yorkers love to hate. From calling it the "oligarch's erection" to spilling the beans about cracks in its facade, critics of the tallest residential building in the western hemisphere are quick to try to bring the tower down from its 1,400-foot pedestal. And strangely, its very own architect is the latest jump on the bandwagon. The Post reports that Rafael Viñoly admitted at a Douglas Elliman talk last week that his creation "has a couple of screw-ups," namely the window framing, which he blames on developer Harry Macklowe, and the tiny issue of "the interior design and layout." (And The Real Deal has an entire roundup of zingers he delivered during the talk.)
Find out more this way

Architecture And Design

May 9, 2016

Off the Beaten Path, This $1.8M Seaport Loft Keeps It Real

Though the appliances and fixtures are state-of-the-art, and lots of consideration has been given to comfort and daily life, this 1,000-square-foot lower Manhattan loft at 330 Pearl Street is no "loft." It's just the sort of authentic downtown space your cool friends lived in when they moved to the city back in the late '80s, with its flexible open spaces (or lack of actual rooms, depending on how you look at it), industrial finishes, big windows, beams, brick, white, and custom-built almost-everything. And though it's less common to find a loft like this on the market in the places you might have back then (Soho, Noho, Tribeca), the Seaport comprises a rare corner of the city that's geared up for growth but still a bit undefined–perhaps the perfect spot for an authentic loft.
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Distinctive Homes

May 9, 2016

The Hare Krishna Tree in Tompkins Square Park Is Where the Religion Was Born in the West

By Rebecca Paul

New York City is often referred to as a concrete jungle, but that doesn't mean it's 100-percent void of vegetation. Throughout the city you'll find beautiful pockets of lush city parks that often have a special history of their own. Tompkins Square Park for example is home to the Hare Krishna tree and the birthplace of this modern religion.
The full story here

History

May 7, 2016

Leasing Begins at Neo-Brutalist Rental Tower in Midtown East

Leasing has begun at Midtown East's newest rental building at 235 East 44th Street. Developed by CMSJ Development, the 70,000-square-foot, ground-up building contains 67 units across its 19 floors. For current availabilities, monthly prices start at $3,300 for studios, $4,500 for one-bedrooms, $6,105 for two-bedrooms, and $8,100 for three-bedrooms. Designed by Gerner Kronick + Valcarcel Architects, it's is situated mid-block along a dense urban canyon just two blocks east of Grand Central Terminal and one block west of the United Nations. Its street-facing exterior is finished in GKV's trademark aesthetic of exposed cast-in-place concrete, reminiscent of the Brutalist movement of the 1950s and '60s. The tower's glass walls and concrete floor slabs undulate in opposite directions, softening the raw materials and adding fluidity to the building's form.
Interior apartment details this way

May 6, 2016

Spotlight: Alex Gregg Is the Upper East Side’s Go-To Comic Book and Sports Card Guy

By Susan Cohen

At a time when Batman and Captain America are all over the big screens and sports culture is becoming increasingly digital, one might think superheroes' and athletes' presence on paper is waning. But collecting cards and comics is alive and well in Yorkville, where Alex's MVP Cards and Comics has everything an X-Men-, Archie-, or sport-loving aficionado could want. Alex Gregg first opened a store on the Upper East Side 27 years ago. The business grew out of his own personal collection and interest and is now the place to locate that latest rookie card, newest comic, or buy a piece of memorabilia. Alex certainly knows a great deal about history - particularly New York history - having worked for 22 years as a bartender at the famed (and now closed) establishment Elaine’s. 6sqft recently spoke with Alex about how cards and comics have both changed and remained the same and about his days at Elaine’s.
Read the interview with Alex

May 6, 2016

Five-Star ‘Lazar Hotel’ Coming to Midtown, Will Meld Modern With Late-1700s Baroque

West 44th Street between Fifth and Sixth Avenues is home to some of the city's most elite hotels, such as the Royalton, Sofitel and Algonquin, and also to esteemed institutions like the Harvard Club, Penn Club and New York Yacht Club. Near the stretch's Fifth Avenue corner, a new 20-story, 96-key hotel tower is in the works at 7 West 44th Street, and it will be festooned in Baroque stylings, Juliet balconies, twisted columns, cast-iron railings, and a grand lobby staircase.
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May 6, 2016

Rare and Spectacular Light-Filled Penthouse Overlooking Gramercy Park Asks $2.5M

From the outside, the Gramercy Park townhouse at 132 East 19th Street is immediately impressive. According to this Streetscapes column, it was a brownstone completely redesigned in 1908 by the innovative architect Frederick Sterner. Now the facade boasts a light stucco and huge windows that lend to lovely, bright apartments. The building's penthouse unit has hit the market and is showing off massive floor-to-ceiling clerestory windows, under 14-foot ceilings, that offer a view over the other landmarked townhouses of Gramercy Park.
Take a look

Distinctive Homes

May 5, 2016

$250M Penthouse at 220 Central Park South Will Officially Be NYC’s Most Expensive Apartment

For over a year, it's been a guessing game with just how expensive 220 Central Park South's penthouse will actually be. Initial murmurings put the price at $175 million, but later reports that claimed hedge fund tycoon Ken Griffin was the buyer upped it to $200 million. The guessing is over, though, as The Real Deal has obtained an amended offering plan filed with the New York Attorney General, which shows that the 23,000-square-foot, four-floor "billionaire's bunker" will cost a mind-boggling $250 million (or $11,000 per square foot), making it by far the city's most expensive apartment.
Check out the insane floorplans

Uncategorized

May 5, 2016

Live in Extell’s Hudson Yards Skyscraper 555Ten for $910/Month

Last September, 6sqft reported the topping out of Extell Development's 610-foot-tall, mixed-use tower quietly rising at 555 Tenth Avenue and 41st Street. Now fully sheathed in glass, the development team kicked off its housing lottery for the building's 120 below-market rate units, priced from $910 per month for studios up to to $1,315 for three-bedrooms. Designed by SLCE Architects, the 53-story, 725,000-square-foot structure rises one block west of the Port Authority Bus Terminal and two avenues west of the 42nd Street A/C/E train station with its connection to Times Square. The building is within the emerging Hudson Yards area, which over the next decade will usher in thousands of residential units and millions of square feet of new office space. Across from the tower, an additional 7-train subway station may be constructed to meet the increasing number of residents in the area.
Find out if you qualify here

Norman Foster Still in the Running to Design 2 World Trade Center

Foster’s original design

May 5, 2016

Norman Foster Still in the Running to Design 2 World Trade Center

By Diane Pham

Nearly one year ago it was revealed that starchitect Bjarke Ingels would be taking over the design of 2 World Trade Center from Norman Foster as developer Silverstein Properties was in talks with Fox and News Corp. to make the tower their new headquarters. However, plans fell through in January when the media companies opted to remain at their Midtown headquarters at 1211 and 1185 Sixth Avenue. Now without a tenant and two different designs in hand, Chairman Larry Silverstein is said to be weighing both options. “[The top of] Two was a distinguishing feature of Norman Foster’s design,” Silverstein told The Post. “Opposed to what Bjarke Ingels proposed. We can go in either direction. Which way, we are not sure yet.” But he did add that they were leaning towards Ingels' design in discussions being had with prospective anchor tenants, which include BlackRock and JPMorganChase.
Find out more here

Architecture And Design

May 5, 2016

Jonah Hill Picks Up $9.16M Apartment at Noho’s Schumacher Condo Conversion

By Annie Doge

A tipster told 6sqft back in December that Jonah Hill was seen taking photos outside The Schumacher, the then-newly unveiled Noho condo conversion at 36 Bleecker Street. As it turns out, just two months prior he bought a unit in the building for $9.16 million, according to the Post. The unit, which was originally listed at $9.5 million, is a 3,280-square-foot, four-bedroom spread. It features the signature elements of the residence, including exposed brick vaulted ceilings, massive arched windows, restored original columns and beams, and views down to the building's vine-covered courtyard.
Take a look around

May 5, 2016

Hula-Hoop Master Lists Colorful and Quirky Financial District Condo for $2.2M

In the midst of New York's gray and rainy weather, this apartment is sure to brighten your day. Located at 111 Fulton Street in the Financial District, it belongs to Stefan Pildes, a hula-hoop instructor and the president of Groovehoops, a performance troupe of hula-hoop entertainers. (He bought it in 2009 for a little over $1 million.) The 1,738-square-foot apartment already has good bones -- eight-foot windows, 11-foot ceilings -- but it's been completely decked out with wallpaper, colorful furniture and art, and custom lighting.
Take the grand tour

Distinctive Homes

May 5, 2016

A Quiet Oasis on the West Village’s ‘Sex and the City’ Block for $720K

Home to movie stars, models, moguls, designers and plenty of lucky mortals in possession of a small fortune (at the very least), the West Village is one of New York's most sought-after neighborhoods. This one-bedroom co-op at 77 Perry Street on the famed "Sex and the City" block is all sunbeams and charm when the afternoon sun shows off its exposed brick walls, 10-foot ceilings and beautifully restored original hardwood floors. Its ask of $720,000 definitely reflects the neighborhood's cachet, but anything with even a memory of six figures in this neighborhood could be considered a find.
Get a closer look

Distinctive Homes

May 5, 2016

Ashley Olsen Buying a $7M Luxe Greenwich Village Condo

By Annie Doge

The Olsen twins have long been fans of the Village, from attending NYU to naming their fashion line the Row after the famous brick townhouse along Washington Square North. Now single sister Ashely is setting up a permanent home in the 'hood, as the Wall Street Journal reports that she's in contract to buy a two-bedroom spread at 37 East 12th Street that was last listed for $7.1 million. The 19th century building with a Beaux-Arts cast-iron facade is being converted to six, full-floor boutique condos, and listing agent Jared Seligman of Douglas Elliman said this privacy is what Olsen liked.
See the full spread

May 4, 2016

East River Skyway Proposal Gains Steam, Would Only Cost Riders $25/Month

With public meetings about the impending L train shutdown beginning this week, much of the conversation is centered around alternate ways to shuttle people between downtown Manhattan and Brooklyn. One solution is the East River Skyway, an aerial gondola system that would run along the Brooklyn waterfront and into Manhattan, bringing commuters over the river in just 3.5 minutes. The proposal from Dan Levy, president and CEO of CityRealty*, first surfaced in 2014, then referencing the Brooklyn development boom that will bring tens of thousands of new residential units to the borough in the coming years. But now with a possible years-long shutdown of the L, along with skyrocketing subway ridership, the Skyway is drumming up support from investors, DNA Info reports. Levy told 6sqft, "We've completed some preliminary engineering and design work around the cars and the stations and how they could meld with their respective locations — and more broadly the city skyline. Given their high visibility we want to be context sensitive." He also revealed that, although the project would cost up to $134 million (per estimate from engineers), an unlimited monthly pass would cost only $25.
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May 4, 2016

Related Launches Hudson Yards Living Website With New Renderings

On the heels of the news that Hudson Yards will add $18.9 billion to the city's GDP and the reconfirmation that the developers will build an iconic $200 million sculpture at the center of the plan's plaza, Related quietly launched a new Hudson Yards Living website, providing general information for prospective residents and a few new images of the $20 billion master plan.
More details and renderings this way

May 4, 2016

432 Park Avenue Reveals Glowing White Cube for Retail Space

While most of the news surrounding Rafael Viñoly's iconic 432 Park Avenue has been about big ticket closings at the Billionaire's Row blockbuster with a $3.1 billion projected sellout, developer Macklowe has revealed more about what the news-making skyscraper's 130,000 square feet of retail and office space, divided over several floors, will look like. Adding an even more attention-getting element to the tower, a portion of the building's retail space will be located in a two-story white glass cube at the corner of East 57th Street and Park Avenue.
Find out more

May 4, 2016

An Option to Buy or Rent a Historic Renwick Triangle Townhouse in the East Village

Just because the East Village isn't known for its townhouse stock doesn't mean there aren't wonderful, historic (and expensive) houses to move into there. Take this one, at 114 East 10th Street, which is part of the Renwick Triangle in the St. Marks Historic District. The triangle gets its name from architect James Renwick Jr., who designed it with rows of Anglo-Italianate single-family homes. This house was on the market two years back asking $7.5 million and it sold for $7.606 million. Now you can either buy or rent it, for $9.85 million or $50K a month.
See the historic interior details

May 4, 2016

Affordable Luxury Hits the Upper East Side Market at 389 East 89th Street

At First Avenue and 89th Street on the Upper East Side, 31 floors of spacious, light-filled homes have been reintroduced to the market. In a building previously known as the Post Toscana, 199 rental apartments have been upgraded and enlarged into 156 one- to three-bedroom residences fashioned by acclaimed interior designer Paris Forino. Now dubbed 389 E 89, the tower is the latest in a flurry of top-shelf rental buildings re-branded as affordable condos with high-end finishes.
All the info ahead

May 4, 2016

$14M Gilded Age Mansion in Murray Hill Was the Home of J.P. Morgan’s Attorney

Most of New York City's grand and historic homes have been altered for modern-day use as apartments, libraries, hotels, diplomatic buildings and the like. And when it comes to those that have remained as opulent single- or multi-family homes, most have changed hands so many times that we don't know much about their history. That is not the case for this massive 9,300-square-foot townhouse across the street from the Morgan Library. The home was originally the residence of J.P. Morgan's attorney John Trevor, Sr. and is currently in use as a 10-unit apartment building–albeit a rather special one with some unique spaces like a private office and a gorgeous rear parlor with symphony-ready acoustics and 13-foot ceilings. Whoever purchases the home, on the market for $14 million, could create a vast five-story mansion (there's already an elevator), or any number of alternate configurations–but they'll still have great sound in that back parlor.
The neighborhood blows up, then the lawyers move in

May 3, 2016

Extell Files to Demolish Two More Fifth Avenue Buildings For Its Mega-Midtown Assemblage