Manhattan

Tucked into the top two floors of 521 West 47th Street, a 1910 co-op loft building that was once a commercial bakery, "Penthouse C" is a package deal priced at $1.4 million consisting of units #3C and #4C and the roof space above them. The listing calls it an "Extremely rare and exciting 'once in a lifetime' chance to combine two authentic lofts plus the corresponding roof space to create your own 3-4 bedroom 3 bath penthouse," though that may take some doing; in their current form, the two spaces offer two different flavors of loft-y bohemian charm.
Check out this unique space

Distinctive Homes

January 6, 2016

POLL: Can Governor Cuomo Finally Get the Penn Station Overhaul off the Ground?

After chatter last month that the state may reboot the plan to expand Penn Station into the adjacent Farley Post Office, the Wall Street Journal is now reporting that Governor Cuomo will announce this week a full overhaul for the nation’s busiest transit hub. It’s expected that his plan will indeed include the projected $900 million post office redevelopment […]

Real Estate Trends

January 6, 2016

First Look at Madigan Development’s Upcoming Hudson Square Tower at 111 Varick Street

By Ondel Hylton

At the edge of the Holland Tunnel's Jersey-bound vortex, Madigan Development is planning to build a 15-story, 49-unit residential building at 111 Varick Street. Anchoring the southwest corner of Broome and Varick Streets in West Soho (aka Hudson Square), the tower is replacing a multi-story parking garage and will sit adjacent to another planned 19-story residential tower at 568 Broome Street. Renderings of 111 Varick show a blocky building clad in a drunken checkerboard pattern of glass and stone. While it has yet to be confirmed if the building will be a condo or rental, large layouts and its prime location between Soho and Tribeca allude to condos.
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Blackstone’s Purchase of Stuy Town Includes $625M in Air Rights

Photo via Wiki Commons

January 6, 2016

Blackstone’s Purchase of Stuy Town Includes $625M in Air Rights

Photo via Wiki Commons Less than three months ago, the Blackstone Group and Ivanhoe Cambridge's colossal purchase of Stuyvesant Town and Peter Cooper Village went public. At the time, it was revealed that as part of the $5.46 billion deal Blackstone would reserve 4,500 of the complex's 11,200 apartments for middle-income families for the next 20 years, with an additional 200 units set aside for low-income tenants. But what's just come to light is the $625 million worth of air rights that came along with the buy. The majority of the roughly one million square feet will be transferred elsewhere, but about 250,000 square feet will remain within Stuy Town. As the Post first reported, "These include 200,000 square feet for a community facility, 25,000 square feet for residential and 25,000 square feet for commercial use."
More details this way

Real Estate Trends

January 5, 2016

Radio Rabble-Rouser Don Imus Lists CPW Pad With Terraces and Endless Views for $19.8M

A Central Park West penthouse belonging to controversial radio and TV jock Don Imus just hit the market for $19.8 million. The duplex co-op atop the 1928 Rosario Candela-designed 75 Central Park West, owned by Imus and his wife, Deirdre, for decades, is wrapped by gorgeous terraces and offers seriously breathtaking park and city views; for that seriously breathtaking price, you'll also get a good-sized two-plus-bedroom street-level maisonette to use as guest quarters or as an office.
Take a look

January 5, 2016

The City’s First Wi-Fi Kiosks Unveiled Today!

By Diane Pham

As Crain's first reported, the first of the city's upcoming 7,500 LinkNYC Wi-Fi kiosks have officially rolled out today. Two new "links" (as they'll be called), have sprouted up along Third Avenue in the East Village, one at the corner of East 15th Street and the other at East 17th Street. Each kiosk measures 9.5 feet tall and will be equipped with a gigabit-speed Wi-Fi connection with a 150-foot range, charging stations, a touch-screen that provides maps and info about city services, and a speaker phone that will let users make domestic calls—and all for free! The kiosks are meant to replace NYC's 6,000 now-defunct pay phones.
more info on what's to come here

REVEALED: 45 Broad Street, Slated to Be Among the Highest Condo Buildings Downtown

** UPDATE as of 1/6/16: Pizzarotti CEO Rance MacFarland confirmed to Curbed that 45 Broad Street will be a 1,100-foot-tall, 86-story supertall tower. It will have 245 units that will cater to “entry- and mid-level buyers,” as well as five floors of commercial and retail space.

January 5, 2016

REVEALED: 45 Broad Street, Slated to Be Among the Highest Condo Buildings Downtown

By Ondel Hylton

Last October, it was announced that the long-vacant lot in the heart of the Financial District at 45 Broad Street would be redeveloped into a 65-story residential skyscraper by way of a partnership between Pizzarotti IBC and Madison Equities. Now, via Pizzarotti's project page, we have our first look at the design of the 300,000-square-foot CetraRuddy-designed tower that the development group affirms "will be the highest condo in Downtown Manhattan." The team will have to move quickly, though; at least two condo towers are proposed to be taller including Shvo's supertall at 125 Greenwich Street.
More details ahead

January 4, 2016

Affordable Housing Lottery Kicks Off at 1770 Madison Avenue–Units Start at $822/Month

By Diane Pham

Starting tomorrow, qualifying New Yorkers will get the chance to apply for one of seven available units at a brand spanking new development located at 1770 Madison Avenue in East Harlem. According to the NYC HPD, studios will start at $822 a month, while one-bedrooms will go for $886 a month. The new rental building wrapped construction at the end of 2015 and market rate units were listed in December with studios priced at $2,295 a month and up to $2,995 for a one-bedroom. Lucky lottery winners and market rate renters at this address will enjoy a locale just four blocks from Central Park and the convenience of living next to the 2, 3 and 6 trains.
Find out if you qualify here

Affordable Housing

Automat by Berenice Abbott, 1936

January 4, 2016

Horn & Hardart Automats: Redefining lunchtime, dining on a dime

In the 1930s, ‘40s, and ‘50s Automats were a New York City dining staple for a hard-working lunch crowd, a modernist icon for a boundless machine-age future. At their height there were over three dozen in the city, serving 800,000 people a day. And nearly everyone who actually experienced Automats in their heyday says the same thing: They never forgot the thrill of being a kid at the Automat. Created by Joseph Horn and Frank Hardart in Philadelphia in 1902, coin-operated Automats were lovingly-designed Art Deco temples to modern efficiency. Sleek steel and glass vending machine grids displayed sandwiches and main dishes as well as desserts and sides, each in their own little boxes, square and even, clean and well-lit. You put a coin in the slot, opened the door and removed your food—which was reportedly quite good, as the founders took terrific pride in their craft.
What was it about the experience that made for such a lasting memory?

January 2, 2016

Greenwich Village Apartment With Cottage-Like Charm Asks $2.25 Million

There's definitely something quaint about this apartment at 13 Downing Street, a 16-unit cooperative right in the middle of Greenwich Village. Its cottage-like vibe comes from exposed brick, a fireplace and lots of earth tones. It also feels cozy without being cramped, and spacious without being sprawling. The two-bedroom home is now on the market for $2.25 million after last selling in 2013 for $1.199 million.
Take a look

Distinctive Homes

December 31, 2015

Isay Weinfeld’s Jardim Condominium Rises to Street Level Along the High Line

By Ondel Hylton

Foundation work for Isay Weinfeld's Jardim condominium is finally wrapping up and portions of the Chelsea development are now climbing to street level. Rising from the swampy banks of a bygone stream, the mid-block site at 525 West 27th Street is giving way to a set of two 11-story condo buildings encasing an elevated garden oasis. A partnership between Centaur Properties and Greyscale Development Group is responsible for the 95,000 square-foot complex; they purchased the site formerly occupied by the Pink Elephant nightclub in 2014 for $45 million.
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Should the City Impose a ‘Window Tax’ for Billionaires’ Row Central Park Views?

Google Earth rendering from CityRealty showing some of the supertalls around the south end of Central Park

December 31, 2015

Should the City Impose a ‘Window Tax’ for Billionaires’ Row Central Park Views?

"The builders are charging up to $100 million for apartments that offer helicopter views of lush foliage, jagged skylines, soothing rivers and angelic clouds. They lure the superrich, many with suspect foreign assets, to sky-high mansions. They enrich themselves by exploiting weak zoning rules to pour hideous implants into Manhattan cavities." All of this, says Max Frankel, who was the executive editor of The Times from 1986 to 1994 and lives half a block from Central Park, may need some consequences. And he wonders if this should come in the form of a "user fee," where residents of these Billionaires' Row towers would have to pay a monthly "window tax" based on how high in a given tower their unit is located. And according to his "back-of-the-envelope calculations," this could bring in roughly $1 million a year per building for the city to use on public projects like street work, parks, education, and affordable housing.
More details ahead

December 31, 2015

Lofty Duplex Carved Out of an UES Limestone Mansion Asks $3.975 Million

35 East 68th Street, located between Park and Madison Avenues on the Upper East Side, is one of those buildings that is not to be messed with. It's a 13,000-square-foot Beaux Arts mansion designed as a private residence for Harvard-trained physician Dr. Edward Kellogg and grain fortune heiress Mary Dows by Carrere & Hastings–the same architecture firm behind the New York Public Library. Since the now-landmarked building was completed in 1901, it has maintained its elegant, carved limestone facade. The interior, however, is a different story. Somewhere along the line the mansion was converted into a co-op apartment building, split into eight units. Seven of the eight co-ops were on the market this February for $34 million, but it looks like a sale never happened. Now this three-bedroom duplex is up for sale on its own.
See the interior

Distinctive Homes

December 30, 2015

Jonah Hill’s Brother Picks Up a Quirky Soho Co-op for $2.3M

Looks like Jordan Feldstein wanted to be much closer to big bro Jonah Hill. The talent manager (his clients include Maroon 5 and Robin Thicke) picked up a loft co-op at 37B Crosby Street in Soho, just a block away from Jonah's current pad at 27 Howard Street. City records show that Feldstein paid $2.3 million for the quirky duplex, which features exposed brick, fire engine-red railings, a custom wine cellar, and a private garden.
Take a look around

December 30, 2015

POLL: Have You Ever Gone to Times Square for New Year’s Eve?

Yesterday, 6sqft shared a video that explored the history of New Year’s Eve in Times Square. The first celebration was held in 1904 as a celebration of the New York Times’ new building at the crossroads, and in 1907 the first ball drop took place. Since then, the tradition has taken place every year except […]

Events & Things To Do

December 30, 2015

Victorian Home With Luxury Renovations Asks $7.5 Million in Yorkville

There's an interesting background behind this Victorian townhouse located at 142 East End Avenue within the Henderson Place Historic District in Yorkville. It was developed with other townhouses in the late 19th century by developer John C. Henderson for "persons of moderate means." These days, you'll need a lot more than moderate means to afford one–last year, a neighboring townhouse that had undergone a two-year gut renovation was on the market for $7.5 million or $25,900 a month. This one is also priced at $7.5 million, though it's been on and off the market since late 2012 asking anywhere from $6.5 to $8.5 million (h/t Curbed). The townhouse (once owned by a testifying forensic pathologist in the O.J. Simpson trial) was also gut renovated, with the interior all luxury while the exterior retains its original masonry detailing and modest brick façade, designed by architecture firm Lamb & Rich. Interior details include Italian tile flooring, Brazilian teak hardwood, four private outdoor spaces and a grand stainless steel staircase with walnut finishes.
Check it out

Distinctive Homes

December 29, 2015

‘Running With Scissors’ Author Augusten Burroughs Sells Battery Park City Condo

If you've read any of Augusten Burroughs' memoirs ("Running with Scissors," "Dry," or "Wolf at the Table," to name a few) you'll know that his life was quite tumultuous. His NYC home, however, is just the opposite. The Battery Park City studio condo at 225 Rector Place is completely plain and neutral and void of any bells and whistles. His past partner Dennis Pilsits purchased the residence in 2008 for $600,767, but then transferred it over to Burroughs in 2011, presumably as part of their split. Now, according to city records, the New York Times #1 bestselling author has unloaded the pad for a mere $637,000.
Check it out

December 28, 2015

Horror Author Peter Straub Sells His Historic UWS Townhouse for $7M

When he put his Upper West Side townhouse on the market for $8.2 million in April, 6sqft wrote: "With accolades like the Bram Stoker Award, the World Fantasy Award, and the International Horror Guild Award to his name, one might proceed with caution when entering the home of American author and poet Peter Straub." But as we discovered, the Queen Anne-style home is anything but scary. Rather, it's a historically preserved masterpiece with rich colors, tasteful furnishings, and plenty of character. And now, according to city records, it's sold for $7,050,000, after Peter and his wife Susan called the residence at 53 West 85th Street home for 30 years.
Take a look around

December 28, 2015

Big Price Drop at This Renovated Five-Story, Upper West Side Townhouse

The pricing over the years at 33 West 71st Street, located on the Upper West Side near Central Park West, is like reading the dramatic play, The Crazy Price Tags of New York. The historic townhouse sold in 1996 for $770,000, although back then it looks like the residence was chopped up into rental units. At some point, it was renovated back into a single family and the price tag started to skyrocket. It was listed in 2008 for $5.3 million, then in 2012 for $7.5 million. It sold in 2013 for $6.225 million and then was quickly listed again in 2014 for $18.5 million after the latest renovation. That price was lowered to $16.495 million this summer, and then quickly lowered again to $14.995 million. Got all that? Because now it's on the market with a price cut to $12.995 million, or you can rent it for $40,000 a month.
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Distinctive Homes

December 24, 2015

Bright Art Deco One-Bedroom in Gramercy Park Is for Sale by Owner, Asking $1.2 Million

It's true, this unseasonably warm weather isn't anything to complain about. But it's hard to look at a fireplace like the one pictured above and not start pining for a winter chill. The grand marble fireplace (which is also wood-burning...perfect for wintertime!) belongs to a one-bedroom apartment at 242 East 19th Street, an Art Deco co-op building in Gramercy Park. Constructed in 1926 and converted to a cooperative in 1984, the 15-story brick Italian Renaissance-style building holds 113 apartments. And since many of the surrounding buildings are low-rise, there's a great view from the building's roof deck. This apartment has the spacious rooms that you often find in prewar apartment buildings. It's a one-bedroom, although there's an office space without a window that could be used as a second bedroom. It's up for sale for $1.2 million by owner and photographer Julia Indrani Pal-Chaudhuri (known simply as Indrani).
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Distinctive Homes

December 23, 2015

Google Officially Signs Lease for 250,000 Square Feet at SuperPier

Just in time for construction to commence in the new year, things are swiftly moving ahead at Pier 57, aka the SuperPier. Last month, 6sqft uncovered a slew of new renderings of the the 450,000-square-foot, $350 million development, which is set to include 250,000 square feet of office space for a major technology company, a 170,000-square-foot food and retail market from Anthony Bourdain, and an elevated park with an outdoor movie and performance amphitheater on the roof to be used for screenings for the Tribeca Film Festival. Google has long been assumed as the office tenant, and according to the Wall Street Journal, it's official, as the company has "signed a 15-year lease with development team Youngwoo & Associates LLC and RXR Realty." Bourdain's food hall is also expected to close soon.
More details this way

Real Estate Trends

Jonah Hill Spotted Eyeing Noho Condo Conversion The Schumacher

Current photo of the Schumacher by 6sqft

December 23, 2015

Jonah Hill Spotted Eyeing Noho Condo Conversion The Schumacher

Looks like Jonah Hill is battening down the hatches in hopes of finding a new Downtown pad. Three years ago, the actor bought a Soho loft at 27 Howard Street for $2.65 million, but put it on the market in August 2014 for a hefty $3.8 million. Back in March, he chopped the price to $3.5 million, and now a tipster tells us that he was seen taking photos outside The Schumacher, the newly unveiled Noho condo conversion at 36 Bleecker Street.
Check out Jonah's options

Celebrities

December 22, 2015

Cameron Diaz Unloads Her $4.25M West Village Pad in Less Than Two Months

The market may be in its winter slump, but that hasn't affected Cameron Diaz, whose West Village apartment has gone into contract after just 47 days, reports the Observer. The actress bought the two-bedroom home in 2008 for $2.95 million and then enlisted famed California-based designer Kelly Wearstler to outfit the pre-war condo with lots of gilding and luxe finishes. After purchasing a $9.5 million home in the Walker Tower two years ago and recently marrying musician Benji Madden, Diaz put the 12th Street residence on the market for $4.25 million last month.
Take a look around

December 21, 2015

Studio DB’s Tribeca Penthouse Strikes the Perfect Balance of Beauty and Functionality

By Rebecca Paul

Tribeca has been a NYC hot spot for well over a decade and is home to one of the city's most sought-after zip codes. Thanks to its large stock of lofts and historic architecture, the trendy 'hood is chock full of drool-worthy real estate, and this classic penthouse is no exception. The home was renovated in 2014 by the design team at Studio DB, who set out to make the space both beautiful and functional for the homeowners' growing family.
See the whole renovation

December 21, 2015

More Details Revealed for Bjarke Ingels’ High Line Towers

The latest project to come from starchitect-of-the-moment Bjarke Ingels is a set of towers that will rise along the High line at 76 11th Avenue. The renderings made waves a month ago when the angular, asymmetrical structures were revealed, and at this time it was also announced that the project would encompass a hotel, retail space, and around 300 luxury condos. But new plans filed by developer HFZ Capital Group, first uncovered by The Real Deal, show that the towers' four-story base will not include a hotel, but rather retail and office space, likely because "[commercial office space] vacancy rates in the [Meatpacking District] are notoriously low–around 2 percent–while prices are high."
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December 18, 2015

$13K Furnished Rental Is a Mix of All the Coolest Downtown Dwellings