Manhattan

December 1, 2015

NYC Dominates the Country in $10 Million-Plus Sales, See Them All on 6sqft’s Interactive Map

In October, Coldwell Banker Previews International released their semi-annual report tracking the real estate trends and market activity in U.S. cities that attract the largest share of high-net-worth individuals (HNWIs). Unsurprisingly, New York City leads the lists of most closings recorded and listings on the market priced above $1 million, $5 million, and $10 million between the one-year period of July 1, 2014 and June 30, 2015. More astounding, however, is that the number of closings recorded in the city above the $10 million price point is more than the sum of all deals in the next 19 cities on the list combined. According to the study, NYC raked in 217 residential closings of $10 million or more, followed by Beverly Hills and Los Angeles with 34 each. New York again leads the way with 367 listings priced at $10 million or more, followed by Miami Beach, Aspen, and Los Angeles. Regarding New York City, historical data from CityRealty tallies up a slightly higher number of $10 million+ closings over the same time period, totaling 241 such deals. The recently crowned most expensive building in the city, One57, garnered the greatest number of $10M-plus sales for a single building with a remarkable 30 deals -- which by itself is more than all cities in the country aside from the top three. The supertall tower was then followed by a three-way tie between 15 Central Park West, One Madison, and the Walker Tower.
Explore the $10M+ closings and listings on 6sqft's interactive map
December 1, 2015

Affordable Housing Lottery Launched for Related’s Yorkville Rental Tower at 205 East 92nd Street

Related Companies' playground-pouncing rental tower at 205 East 92nd Street has launched its housing lottery that provides below-market rents for 47 of the building's 231 units. The 36-story tower is in its home stretch of construction, prepping for occupancy in early 2016. Vested in the city's and state's Inclusionary Housing /421-a programs, 20 percent of the units will be reserved for low-income tenants. Fifty percent of the subsidized units will be reserved for residents of Manhattan Community Board 8 (covering the Upper East Side and Roosevelt Island) and an additional 5 percent for municipal employees. Selected applicants will be provided apartments at a tremendous discount when compared to the neighborhood's market-rate rents. According to CityRealty, the median rental price for a one-bedroom in Yorkville stands at $3,210; and $5,398 for two-bedroom apartments. Affordable one-bedrooms at 205 East 92nd will start at $607 and two-bedrooms at $736.
More details and pricing
December 1, 2015

Museum Architect-Renovated Tribeca Townhouse With Subterranean Vault Sells for $13.8M

A red-brick townhouse with some legit architect cred behind it has just sold for a very discounted $13.8 million, much lower than its original $18 million ask. The property at at 148 Reade Street was constructed in the 1990s by Guenther Petrarca, and later renovated by famed museum architect Richard Gluckman (his clients include the Whitney and the Gagosian Gallery). The glass and stone mansion boasts 6,800 square feet of space to stretch out in, which includes a media room, a playroom, an elevator, a private garage on the ground floor, and a 500-plus-square-foot duplex terrace with 360-degree views and a waterfall wall. There's also a pretty cool 23- by 24-foot vault that sits below the sidewalk, a feature that harkens back to site's 19th century roots when subterranean vaults were the norm.
have a closer look inside
November 30, 2015

Infographic: The 12 Most Expensive Condo Buildings Rising in NYC

While it seems like every block in the city is host to a construction site throwing up some luxury condo building or pricey rentals, not all of these developments are created equal. Following up on their last infographic which rounded up the city's top five most expensive new developments, the data gurus over at CityRealty have culled an even more extensive list which pinpoints the 12 priciest structures going up right now. While the number of zeros that follow their combined $20,000,000,000 sellout will make your head hurt, what's even more mind-boggling is that these 12 buildings alone will count for nearly HALF of the money that'll be generated by the 200+ condo projects underway in Manhattan.
All the details here
November 30, 2015

This Cozy, Elegant UES Duplex Is the Perfect Manhattan Winter Retreat

With its toasty fireplaces–including one in the master bedroom–elegant pre-war details, dark chocolate floors and walls of casement windows for watching the snowflakes fall on gorgeous historic homes, this duplex at 170 East 78th Street looks like a prime spot to make the most of a Manhattan winter. The designed-to-the-nines 1927 co-op is asking $2.995 million, with a considerable monthly fee of almost $5,000; interestingly, the ask is less than the $3.5 million price that accompanied its turn on the market in 2010. On a gorgeous Upper East Side Block, this pre-war home is as classic as it gets; though it's listed as a two-bedroom, a look at the floor plan shows possibilities for one or two more with ease. Rooms are gracious and bright, and we can totally see boughs of holly, New Year's Eve merriment and snow days before a roaring fire in just about any of them.
Step inside where it's warm
November 26, 2015

Architect-Owner of This Polished-yet-Casual Village Loft Asks $3M

Century-old bones and clean white walls frame the well-proportioned interior spaces of this warm, sophisticated two-bedroom loft in Greenwich Village, the result of a recent gut renovation by the architect-owner. John Berg of BergDesign Architecture, with his wife Jennifer Desmond, purchased the sunny downtown co-op at 250 Mercer Street for $1.5 million in May of 2013, two years and an impressive renovation ago. The bright high-floor unit is now on the market for $2.9 million. We’ve featured some of the architect’s projects, and this apartment's renovation is detailed on the BergDesign site, with the imperative of keeping "three priorities: durability, casual living and contrasting rich materials" for a family with small children in mind.
Have a look at how a gut renovation transformed the space
November 25, 2015

$40M Penthouse Occupies the Clock Tower Dome of Nolita’s Famed Police Building

Who doesn't love to take a look inside the Police Building, the 1909 Beaux Arts NYPD headquarters converted to condos in 1988? Back then, residents were sure to maintain the building’s fantastic architecture and created varied floor plans with soaring ceilings and open layouts. Today, it's known for its uber-unique apartments. This is the building that brought us the wood-paneled, domed master bedroom and this funky loft with 18-foot ceilings. And now, take a peek inside the 6,000-square-foot penthouse apartment that occupies the building's clock tower dome. This was once the home of Calvin Klein and Steffi Graf, but the current owners pulled off quite an impressive renovation—one that uncovered a secret room. The grand renovation comes with an even grander asking price, a whopping $39.9 million (h/t Curbed). And as you would expect, it is as drool-worthy as can be.
See inside here
November 25, 2015

Historic Palace Theater to Get Raised 29 Feet to Accommodate New Retail Space

At a public hearing yesterday the Landmarks Preservation Commission approved a plan drawn up by Platt Byard Dovell White Architects (PBDW) for Maefield Development to raise the historic 1913 Palace Theater 29 feet in order to accommodate expanded facilities and new retail space underneath. The decision isn't sitting well with preservationists, but the exterior of the theater was replaced in the early 1990s to make way for the 45-story adjacent DoubleTree hotel, and as the Wall Street Journal reports, the actual theater space is an interior landmark and the $2 billion redevelopment project will restore the decorated interior and add 10,000 square feet of theater facilities.
More on the history and future of the Palace Theater
November 25, 2015

The Most Important Towers Shaping Central Park’s South Corridor, AKA Billionaires’ Row

They did not come from outer space when they landed on our front yard while the NIMBY folk and the city’s planners and preservationists weren’t looking. Some are scrawny. Some are dressed like respectable oldsters. They’re the supertalls and they’re coming to a site near you.
read more here
November 24, 2015

The City’s Prettiest Food Emporium, Famous for Its Guastavino Tiles, Is Closing

Guastavino tiles–a design technique for thin-tile structural vaulting brought to New York at the end of the 19th century by Spanish architect and builder Rafael Guastavino and his son Rafael Jr.–can be seen at 250 locations throughout the city. Most of these spots have grand public purposes, such as Grand Central, the Cathedral of St. John the Divine, or the Municipal Building. But one locale has gained famed for its very un-grand function as the home of a grocery store. The Food Emporium underneath the Queensboro Bridge has occupied one half of the Guastavino-tiled arcade known as Bridgemarket since 1999. This Saturday at 5:00 p.m., though, it will close its doors for good, according to Bloomberg, which leaves the fate of the historic interior up in the air.
Find out more
November 24, 2015

Revealed: Zambrano Architectural Design’s Striking Yellow-Brick Rental in Central Harlem

Here's our first look at Dabar Development's eight-story, mixed-use project set to rise at 400 Lenox Avenue in central Harlem. The 40,000-square-foot development will anchor the southeast corner of West 130th Street and Lenox Avenue and will house 30 rental units, 2,000 square feet of retail at the ground level, and a second-floor community space for Pentacostal Faith Church, the owner of the project site. The design provided by Zambrano Architectural Design rises flush with the street wall and sports a distinctive yellow-brick cladding of "elongated artisanal bricks." According to Dawanna Williams, managing principal at Dabar, "the facade is inspired by the historical masonry context of the surrounding blocks of Harlem." The two uppermost levels are cutaway from the corner resulting in a large recreational terrace for residents. As per plans filed with the DOB this past summer, floors 2-6 will contain six apartments each, while floors 7 and 8 will provide four units apiece.
More on the project
November 23, 2015

REVEALED: Bjarke Ingels’ Brand New High Line Towers

Back in February it was revealed that HFZ Capital Group was in talks to bring a “monumental” new structure to a lot at 76 11th Avenue in the Meatpacking District right along the High Line. And between shortlisted architects Rem Koolhaas and Bjarke Ingels, in April the developer decided to move forward with starchitect-of-the-moment Ingels for the high-profile project. Now Yimby has our first look at the design that may rise atop the coveted site: two very angular, asymmetric towers measuring 402 and 302 feet, with 800,000 square feet for a hotel, retail, amenities and about 300 luxury condos.
see more renderings here
November 23, 2015

$1.7M West Village Co-op Feels Prim and Proper

Here's a co-op apartment that has everything in place, prim and proper as can be. It's a one-bedroom, two-bathroom unit that's located on the second floor of a West Village townhouse at 53 Horatio Street. The pre-war brick building, constructed in 1848, also looks pretty proper and stately, without any adornments or flourishes. That is carried to the interior, which has a nice but not extravagant design. The apartment was last listed in 2013 for $1,100,000, then sold soon after for $1,040,000. Two years later, the owners are looking to make a sizable profit with an ask of $1,699,000.
See the rest
November 23, 2015

Listings Go Live Today for NYC’s First Micro Apartment Complex

Carmel Place (formerly known as My Micro NY), the city's much-talked-about first micro apartment complex, began accepting applications for its affordable studios back in September (since then, 60,000 people have applied). And now, a press release from developer Monadnock has announced that listings for 12 of the market-rate units will go live today in anticipation of the February opening date. Along with the launch comes news of Ollie, "an innovative housing model that delivers an all-inclusive living experience." The nine-story modular development will have 55 studios ranging from 260 to 360 square feet, 22 of which will be affordable (of these, 8 will be set aside for formerly homeless veterans) and go for between $950 and $1,500 a month depending on family size and income. The remaining 33 will see prices ranging from $2,540 for a 265-square-foot, furnished, third-floor unit to $2,910 for a 335-square-foot, furnished, second-floor unit.
Find out more
November 23, 2015

Former House & Garden Editor Lists Upper East Side Co-op for $4.75M

If you're fan of the elegant, old-fashioned Upper East Side, pre-war co-ops and stylishly-decorated interiors, you can't go wrong with this five-room, two-bedroom-plus home at 563 Park Avenue. The seller is the former editor-in-chief of Travel + Leisure magazine (and before that, Condé Nast's House & Garden, where she replaced Anna Wintour as EIC), Nancy Novogrod and her husband, John, an estate attorney; so we'd expect that show-house-worthy interiors are a given.
READ MORE
November 22, 2015

Revealed: Boutique Condos Coming to 231 West 26th Street in Chelsea

Here's our first look at a seven-unit boutique condominium slated for a mid-block site at 231 West 26th Street in northern Chelsea. The developer is the New York-based Azimuth Development Group who plans to supersize the existing four-story building between Seventh and Eighth Avenues. Permits were filed and approved earlier this year and DOB signs have already been posted on the doorway. The 24-foot addition will blot out a few floors of lot-line windows of the adjacent co-op 233 West 26th Street, where a three-bedroom home is on the market for $4.5 million, a price that will likely be similar to its new neighbor.
More details ahead
November 20, 2015

REX Revealed as the Architects Redesigning the World Trade Center Performing Arts Complex

Ever since Frank Gehry and his design for the Performing Arts Center at the World Trade Center (PACWTC) site got the boot last year, many have been eager to know who would be taking the helm in his place. Since July, the PACWTC has been working with an anonymous architectural firm to hash out a new concept, and now, nearly five months later, the board has finally released the name of the lead architect: Brooklyn-based studio REX led by Joshua Prince-Ramus, a former protégé of starchitect Rem Koolhaas. PACWTC chairman John Zucotti said in a statement, "The selection of REX and the Lower Manhattan District Council’s renewed commitment are critical milestones in our collective effort to create a vibrant new cultural and community anchor for all of Lower Manhattan. We are now two important steps closer to completing the World Trade Center and fully realizing our vision of Lower Manhattan as the world’s most dynamic, 24/7 urban community."
more details on the design here
November 20, 2015

City Will Start Accepting Proposals for Underground Lowline Space

In 2009, James Ramsey and Dan Barasch started planning a solar-powered subterranean park on the Lower East Side, the underground equivalent of the High Line. They set their sites on the 60,000-square-foot abandoned Essex Street Trolley Terminal below Delancey Street and named their project The Lowline. Now, six years later, they've launched the Lowline Lab, "a high-tech, miniaturized precursor to the city’s first underground park," as 6sqft put it in a recent interview with Ramsey and Barasch. Located in a vacant warehouse on Essex Street, the Lab most certainly served its purpose, as The Lo-Down is reporting that the city and MTA have finally agreed to accept proposals for the space. The Economic Development Corporation (EDC) will release on Monday a Request for Expressions of Interest (RFEI), followed by a briefing next month with Community Board 3.
Find out more ahead
November 20, 2015

Nate Berkus and Jeremiah Brent List Their Greenwich Village Penthouse for $10.5M

Back in September Architectural Digest dedicated a whole cover plus photo spread to Nate Berkus and Jeremiah Brent "settling in" to their pristine apartment, a penthouse at the Emery Roth-designed 39 Fifth Avenue in the heart of the Village. While the pair spent the better part of the piece gushing about how they'd finally found their dream home (“We couldn’t stop thinking about the apartment, believing we were meant to live there...we were able to create the home of our dreams," Brent said to AD at one point), it looks like the family, which includes their young daughter Poppy, couldn't quite get as comfy as they'd hoped, because they've just listed their spacious pad for $10.5 million.
Tour their beautiful penthouse
November 20, 2015

This Upper East Side Townhouse Makes Up in Charm What It Lacks in Its 13-Foot Width

When you've got a house that's just a hair over 13 feet wide, you'd better know a good interior design pro. Fortunately the owners of this slender 1899 townhouse at 259 East 78th Street took that caveat to heart when they purchased it for $2 million in 2009. It's now on the market for $5.5 million, and every inch of its 2,600 square feet has been put into use with enough warmth, character and smart design decisions to keep any "narrow-minded" thoughts at bay. And there's nothing skimpy about the location on a gorgeous townhouse-lined street just a few blocks from Central Park on the Upper East Side.
Have a closer look inside this charmer
November 20, 2015

Meatpacking District Gets the Brooklyn-as-Brand Treatment

The Brooklyn-as-a-brand ship has long sailed, but we've lately seen other boroughs (take for example this Bronx Hot Sauce) and neighborhoods (see this candle that promises to make your home smell like Bushwick) trying to cash in on the action. Unsurprisingly, the increasingly trendy Meatpacking District is the latest locale to jump on the bandwagon. Fast Co. Design has a first look at the new visual identity of the neighborhood, commissioned by the Meatpacking Business Improvement District and created by Base Design. "Anchored by a wordmark that divides "Meatpacking District" into two different typefaces, it suggests a neighborhood with multiple personalities: equal parts ritzy and wild," explains Fast Co. But the real reason behind the branding campaign may surprise you.
Learn more about the rebranding
November 20, 2015

Construction Update: 100 Barrow Street Rises Above Street Level From St. Luke’s Churchyard

With the foundation finally laid, Toll Brothers' 100 Barrow Street has made its way above ground and will bring 35 brand new apartments to the West Village. The tower is being built on the site of a pre-existing parking lot on the full-block grounds of the Church of St. Luke in the Fields. While no demolition of existing structures or reduction of green space was necessary, the site does lie at the western edge of the Greenwich Village Historic District and across from the Archives Building, which is an individual landmark. Proceeds from the development will be used to fund the church's own new buildings, which include an expansion of its existing private school and the construction of a new mission where L.G.B.T.Q. homeless youth and under-served individuals can receive meals and shelter. The latter will also serve as a 24/7 drop-in center where people will be able to get a change of clothes and take showers.
More details and renderings this way
November 20, 2015

$16M ‘Trophy’ Penthouse Boasts Solarium, Wrap-Around Terrace, and Lots of Color

The listing calls this a "trophy" penthouse, and with all the bells and whistles that come with the apartment, they're not lying (h/t Curbed). The co-op spans the 17th and 18th floors of 400 East 59th Street, a prewar building in Sutton Place built in 1928 and converted in 1981. It's got four bedrooms, five bathrooms, and more outdoor space than you likely thought possible: a wrap-around terrace, a double-height solarium, a terrace off the master bedroom, and a private roof deck. In case you're wondering, that's 1,450 square feet of terrace space total. Oh yeah, there's also a dressing room in the master that's the size of a studio apartment. All this can be yours for a cool $16 million, a huge leap from its last sale in 2011 for a mere $4.35 million.
Take the tour
November 19, 2015

Alexander Hamilton Jr.’s Former Home on St. Mark’s Place Lists for $12M

The Hamilton name certainly comes with big price tags. Resale tickets to the Broadway show are climbing up to $2,500 each, and the Founding Father's son's home is now asking $11.9 million, 6sqft has learned. Col. Alexander Hamilton Jr. was the first owner of the townhouse at 4 St. Mark's Place in the East Village. British-born real estate developer Thomas E. Davis was erecting Federal-style homes along the street at the time as homes for wealthy New Yorkers seeking refuge from the cholera epidemic further downtown. In 1833, three decades after his father died in a duel with Aaron Burr, Hamilton Jr. bought the home and moved in with his mother Elizabeth Schuyler Hamilton (who was riddled with debt after her husband's death), wife Eliza, and his sister Eliza Holly and her husband Sidney. Known as the Hamilton-Holly House, it features Flemish Bond, a signature of the Federal style, as well as a marble English basement level, high stoop with Gibbs surround entryway, and two dormer windows.
More on the house
November 19, 2015

South American Financier Transforms Small Chelsea Apartment Into Tailor-Made Luxury Hotel Room

New York apartments take all different shapes and sizes, but we're particularly interested in seeing inside the homes of city dwellers who use design to maximize space and livability. This elegant pied-a-terre from Michael Rubin Architects is located in Chelsea and owned by a South American financier who visits New York as often as his schedule allows. More often than not, his visits are last-minute, and his limited use of the apartment has allowed for some wiggle room in the design of the kitchen as well as other areas inside the home. The outcome, an open airy space that features funky design concepts and an out-of-the box approach.
More views inside here
November 19, 2015

Permits Filed to Demolish a String of Buildings Near Gramercy Park for New Condo

Alfa Development has filed plans with the Department of Buildings to demolish a string of low-rise buildings huddled near the northeast corner of East 21st Street and Third Avenue. The development team led by Michael Namer is known for its environmentally conscious downtown condo towers, which include Chelsea Green, Village Green, and Village Green West. Now, Alfa appears set on sprinkling some of their sustainable magic on a corner-site in Gramercy that could hold a tower of more than 90,000 square feet and rise up to 210 feet tall. Last month, Alfa purchased the the four-building development site from Kevin Maloney’s Property Markets Group and Apex Investments for $69.6 million. The previous owners had planned to build a 25-unit affordable housing building to generate 40,000 square feet of bonus square footage for an undisclosed luxury development, but instead chose to sell the site to focus on other projects.
More details ahead