Manhattan

Earlier this month it was reported billionaire Daniel Och sold his penthouse at 220 Central Park South for $190 million, roughly double what he paid for the home in 2019. While the identity of the buyer was unknown at the time, city records first reported last week by Bloomberg show Blue Pool Capital, the firm that manages some fortunes of Alibaba co-founders Joe Tsai and Jack Ma, paid $188 million for the property.
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Real Estate Trends

Sliding glass walls meet outdoor spaces in this $10.8M penthouse atop Chelsea’s Jardim condo

Photo courtesy of Evan Joseph/Douglas Elliman

January 24, 2022

Sliding glass walls meet outdoor spaces in this $10.8M penthouse atop Chelsea’s Jardim condo

In addition to being Brazilian architect Isay Weinfeld’s first New York commission, the pair of buildings known as Jardim, at 527 West 27th Street, make up an architecturally unique West Chelsea oasis. The development, which launched sales in 2016, features two 11-story buildings clad in cast-concrete interspersed with ribbons of glass. Its highlight–and name inspiration–is a verdant multi-level courtyard designed by Future Green Studio. Located in the building's loftiest reaches, this 3,663-square-foot duplex penthouse, asking $10,800,000, offers seamless indoor/outdoor living in addition to three bedrooms and interiors designed by the building's architect.
Penthouse views through sliding glass, this way

Theodore Roosevelt statue removed from NYC’s Museum of Natural History

Photo © Olivia Lemons

January 21, 2022

Theodore Roosevelt statue removed from NYC’s Museum of Natural History

The statue of Theodore Roosevelt that has stood on the steps of the American Museum of Natural History for more than eight decades was removed this week. The city's Public Design Commission voted last summer to take down and relocate the statue, seen as racist for its depiction of Roosevelt on horseback flanked by a Native American figure and an African figure. The bronze statue will soon be shipped to Medora, N.D., where it will be displayed at the Theodore Roosevelt Presidential Library, set to open in 2026.
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Events & Things To Do

Photo courtesy of Douglas Elliman

January 21, 2022

$699K Hudson Heights co-op updates 1930s Deco details for 21st-century life

This two-bedroom co-op at 420 Bennett Avenue in Hudson Heights, asking $699,000, has 1930s Deco details like a sunken living room and arched doorways. A complete renovation has updated that pre-war perfection for 21st-century living. The building's location at the edge of Fort Tryon Park, which sits at one of the highest points in Manhattan, feels a lot like some of the best stretches of the Upper West Side.
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Distinctive Homes

John Legend and Chrissy Teigen list pair of penthouses in Nolita for $18M

Photos courtesy of Tina Gallo

January 20, 2022

John Legend and Chrissy Teigen list pair of penthouses in Nolita for $18M

John Legend and Chrissy Teigen are selling their two penthouses in Nolita for $18 million, the Wall Street Journal first reported. The couple purchased a $9 million unit in 2018 followed by a $7.7 million penthouse in 2020 in the six-story Brewster Carriage House at 374 Broome Street. The A-list duo told the WSJ they wanted to combine the two apartments into one but never did.
More this way

New daily, year-round ferry service launches to and from Governors Island

Image courtesy of the Trust for Governors Island

January 20, 2022

New daily, year-round ferry service launches to and from Governors Island

The city's Economic Development and the Trust For Governors Island on Thursday announced that daily, year-round ferry service to Governors Island will begin on Monday, January 24. The NYC Ferry will add a stop at Yankee Pier on its South Brooklyn Route between Red Hook and Sunset Park, connecting New Yorkers to the island from the Lower East Side and Brooklyn. The new service’s hours will coincide with the Island's new winter hours, open 7 a.m. to 6 p.m.
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Photos courtesy of The Corcoran Group

January 20, 2022

It doesn’t get much grander than this $20M townhouse on the Upper East Side

Situated at 17 East 93rd Street surrounded by the stately townhouses of the Upper East Side, this 20-foot-wide, 7,500-square-foot home was designed in the Renaissance Revival style by William Graul in the late 1800s. It has since had a complete renovation that spanned over three years, resulting in a home that offers beauty, comfort, and luxury behind a restored classic brownstone facade. Asking $20,000,000, the single-family townhouse even has an elevator, putting each of its five floors within easy reach.
Tour five luxurious floors

Distinctive Homes

Photo by midweekpost via Wikimedia commons.

January 19, 2022

New plans announced for Park Avenue traffic median redesign

New York City Council Member Keith Powers announced this week the next steps in a plan to bring new life to Midtown's Park Avenue traffic medians. The newly-revealed plan will transform the avenue's current malls into "new, world-class, active open space," according to a press release. A landscape architect will be hired by the Department of Transportation to create a master plan according to a request for proposal, to be issued in the spring.
New life for Midtown streets, this way

Architecture And Design

In the West Village, a cozy co-op with a huge skylight and wood-burning fireplace asks $1.15M

All photos courtesy of Douglas Elliman

January 19, 2022

In the West Village, a cozy co-op with a huge skylight and wood-burning fireplace asks $1.15M

A light-filled one-bedroom is now available in prime West Village. Located at 459 Hudson Street between Morton and Barrow Streets, the co-op is on the smaller side but makes up for the lack of space with an extra dose of charm. A huge skylight helps drench the living room with sunshine, while a corner wood-burning fireplace brings the whole space together. It can be yours for $1,150,000.
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Distinctive Homes

Adams vetoes measure that would increase fines for non-artist residents in upzoned Soho-Noho

Photo by Vlada Karpovich from Pexels

January 18, 2022

Adams vetoes measure that would increase fines for non-artist residents in upzoned Soho-Noho

Mayor Eric Adams last week vetoed legislation that would increase fines for residents illegally occupying artist housing in Soho and Noho, a measure passed by the City Council last month alongside the approved neighborhood rezoning. Sponsored by former Council Member Margaret Chin, the bill would increase penalties on non-artist residents of the Joint Living Work Quarters for Artists (JLWQA) zone, which was created in the 1970s to allow artists to legally live in the once manufacturing-heavy area, with fines starting at $15,000 for those without proper certification.
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Policy

Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

220 Central Park South. Photo by Jim.henderson (cropped) via Wikimedia Commons.

January 14, 2022

Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

Billionaire Daniel Och has sold his penthouse at 220 Central Park South for an astounding $190 million, nearly double the amount he paid for the home in 2019. As first reported by the Wall Street Journal, the sale marks one of the most expensive deals ever in New York. The buyer has not been disclosed.
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Real Estate Trends

All images courtesy of DBOX

January 14, 2022

A one-bedroom at Robert A.M. Stern’s new luxury Upper East Side tower asks $2M

Here's an opportunity to live in a new residential building designed by famed architect Robert A.M. Stern. Located on the Upper East Side, 200 East 83rd Street is a 35-story tower with a jaw-dropping amenity package (like a 17th-floor pool room with Central Park views). A spacious one-bedroom apartment at the building is up for sale, priced at $2,050,000. Developed by Naftali Group and the Rockefeller Group, the condo building made headlines last November when a six-room penthouse sold for a record-breaking $27 million.
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Distinctive Homes

Historic Palace Theater begins 30-foot rise over Times Square for $2.5B TSX Broadway hotel

Image courtesy of TSX Broadway

January 12, 2022

Historic Palace Theater begins 30-foot rise over Times Square for $2.5B TSX Broadway hotel

One of the most city's most iconic Broadway theaters, the Palace Theater, began its rise last week to a spot 30 feet over Times Square. The 105-year-old theater is being lifted three stories as part of a $2.5 billion mixed-use development project, TSX Broadway, set to rise at 1568 Broadway. It will take six to eight weeks for the theater to achieve its final height of 30 feet.
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Architecture And Design

Justin Timberlake sells Tribeca penthouse for $29M

443 Greenwich; Photo by Jim.henderson on Wikimedia

January 11, 2022

Justin Timberlake sells Tribeca penthouse for $29M

According to city records, Justin Timberlake has sold his 5,400-square-foot condo at 443 Greenwich Street for $29 million in an off-market sale at the end of December, the Wall Street Journal reports. Timberlake and wife Jessica Biel purchased the unit atop the celebrity-packed building in 2017 for $20.2 million.
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New art exhibit lets you walk through a glowing tunnel in the Garment District

Image courtesy of Alexandre Ayer / @DiversityPics for the Garment District Alliance

January 11, 2022

New art exhibit lets you walk through a glowing tunnel in the Garment District

A small section of Broadway in the Garment District has been transformed into a glowing tunnel. The Garment District Alliance today revealed Passage, an art installation consisting of 20 illuminated circles that form a tunnel for pedestrians to walk through. The art piece is interactive, with each ring radiating light and emitting sound as participants pass by them. Located on Broadway between 39th and 40th Streets, the free immersive art experience will be open to the public until February 13.
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For $7.5M, history, architecture, and smart design fill a compact 1897 urban cottage in the Village

Photos provided by Sotheby’s International Realty

January 11, 2022

For $7.5M, history, architecture, and smart design fill a compact 1897 urban cottage in the Village

On the market for the first time in 22 years, the pair of townhouses at 183 and 185 West 4th Street in Greenwich Village has as much historic cachet as its many charming neighbors. Built in 1897, the property was home to industrialist and art collector Armand Hammer in the 1920s. Today it retains more of its original beauty than most. A painstaking renovation by the renowned architectural firm of Fairfax & Sammons has not only combined and updated the homes for modern living, but given well-deserved attention to every inch of the diminutive jewel-box townhouses–complete with magical patio and garden. The property is asking $7,500,000.
Tour this compact jewel of a townhouse

Distinctive Homes

Donald Trump’s niece Mary Trump buys $7M condo at 565 Broome in Soho

Photo by Adrian Gaut /Edge Reps

January 10, 2022

Donald Trump’s niece Mary Trump buys $7M condo at 565 Broome in Soho

Mary Trump, Donald Trump's niece and author of the memoir “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” recently bought a 2,250-square-foot three-bedroom unit at the Renzo Piano-designed condominium building at 565 Broome Street for $7 million, as the Wall Street Journal reports. The 2020 book, which delves into the Trump family's background, has sold more than a million copies.
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For $1.8M, a co-op in a Lenox Hill landmark has two exposures and five-star hotel service

Photos courtesy of Douglas Elliman

January 7, 2022

For $1.8M, a co-op in a Lenox Hill landmark has two exposures and five-star hotel service

A perfectly proportioned two-bedroom co-op next to Central Park is now available. The home sits in the iconic Sherry Netherland, a 38-story cooperative residential hotel at 781 Fifth Avenue built in the 1920s. Now asking $1,795,000, the residence boasts East and West exposures, pouring light into the home through its incredible 12 windows.
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Distinctive Homes

Photo credit: David Paler for The Corcoran Group

January 7, 2022

This $8.975M Soho penthouse is a private garden retreat with a hot tub and an outdoor kitchen

Surrounded by a 1,344-square-foot network of lushly landscaped terraces–including a rooftop with a hot tub, outdoor kitchen, shower, and pergola–this duplex penthouse at 15 Renwick Street in Hudson Square feels like a garden in the sky. Asking $8,975,000, the 2,859-square-foot duplex has floor-to-ceiling windows and a windowed kitchen to gaze at the greenery.
Tour this indoor-outdoor paradise

Famed NYC bar Dante opens winter-themed pop-up at the Seaport

Image courtesy of Dante

January 6, 2022

Famed NYC bar Dante opens winter-themed pop-up at the Seaport

North America’s number one bar returns to the Seaport to serve award-winning food and drink in its seasonal pop-up at Pier 17’s Pearl Alley. Guests can enjoy their food and drink alongside live music in a warm, winter-themed setting. The Greenwich Village staple will offer guests signature cocktails and negronis, as well as espresso, coffee, and pastries.
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$850M South Street Seaport project gets final approval

Photo credit: The Howard Hughes Corporation/SOM

January 5, 2022

$850M South Street Seaport project gets final approval

The Howard Hughes Corporation last week got the official go-ahead from the city to build a mixed-use tower on a parking lot in the South Street Seaport. Originally proposed as a 1,000-foot-tall tower, the plan for 250 Water Street has changed many times over the last few years due to feedback from community groups and local officials, with the final result being a 324-foot-tall tower with roughly 270 apartments. The $850 million project is expected to break ground this year following remediation of the site.
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Photo by Daniel Lee on Unsplash

January 4, 2022

Manhattan housing market makes record rebound to close out 2021

New York City real estate made a major comeback to close out 2021, experts say. According to a new report from Compass, condo and co-op sales volume hit $7 billion in the last quarter of the year, the highest of any fourth quarter on record. More than 3,400 apartments were sold in this quarter, between October 1 and December 31, up 79 percent from the previous year and the highest total in a Q4 since 2013. After Covid crippled much of the market in 2020, 2021 saw an impressive turnaround in Manhattan, particularly with the sales of luxury properties, new development condos, and townhouses.
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See NYC’s sweeping master plan that promises climate resilience for Lower Manhattan

Image credit: NYCEDC

January 4, 2022

See NYC’s sweeping master plan that promises climate resilience for Lower Manhattan

New York City has taken an important step toward protecting one of the country’s largest central business districts from the costly and destructive effects of climate change. The city's Economic Development Corporation and the Mayor's Office of Climate Resiliency recently released the Financial District and Seaport Climate Resilience Master Plan. At a projected cost of up to $7 billion, this environmental blueprint for the Lower Manhattan shoreline imagines a resilient waterfront that can withstand severe storms and rising sea levels.
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The 2007 Times Square Ball during construction. Image courtesy of Focus Lighting.

December 30, 2021

How the Times Square Ball is made

By Dana Schulz

When midnight hits this New Year's Eve, the Times Square Ball will dazzle people just the same from five feet away or on their television. Making this magic happen is no easy feat, though. To learn a bit more about how the nearly 12,000-pound ball was created, we chatted with principal designer Christine Hope of Focus Lighting, the architectural lighting design firm that conceptualized the current ball more than 10 years ago. From engineering a new system to make all 2,688 Waterford Crystal triangles sparkle to dreaming up the magical light show that plays leading up to the ball drop, Focus Lighting shares the inside scoop on this world-famous tradition.
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Lottery opens for 324 units at world’s largest affordable Passive House, from $388/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

December 29, 2021

Lottery opens for 324 units at world’s largest affordable Passive House, from $388/month

A housing lottery opened this week for more than 300 apartments at the world's largest fully affordable Passive House. Sendero Verde is a mixed-use project currently under construction in East Harlem that includes affordable housing, community space, retail, outdoor gardens, and a school. As part of phase one, the 100 percent affordable building designed by Handel Architects is now accepting applications for 324 mixed-income units. New Yorkers earning 30, 40, 50, 60, 80, and 110 percent of the area median income can apply for the apartments, which range from $388/month studios to $2,524/month three bedrooms.
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Affordable Housing

Photos courtesy of Warburg Realty

December 28, 2021

A terrace and high-floor views make this $4.6M pre-war classic six the perfect Park Avenue pad