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Real Estate Wire

  • After holding a 199-unit apartment building in Gramercy Park for nearly 70 years, the owner has put it on the market for $200 million. [Crain’s]
  • Russian billionaire Roman Abramovich’s makeshift mansion could be even bigger than initially reported. Word is he’s purchased yet another building on East 75th Street. [NYP]
  • Designer Michael Kors is purchasing a posh penthouse at The Greenwich Lane. The home is said to be in the $17 million to $21 million range. [NYP]
  • Coney Island residents hate the 40-story tower proposed to replace the Trump Village Shopping Center. [Curbed]
  • Live in the late Jane Freilicher’s amazing Greenwich Village penthouse. It comes complete with a greenhouse art studio. [Curbed]
  • Chelsea and Boerum Hill led new development sales toward the end of 2014. [TRD]

Images: Roman Abramovich’s stretch of newly acquired properties on East 75th Street (left); 301 East 21st Street now for sale (right)

Architecture, Green Design, Upstate

  • By Dana Schulz
  • , January 22, 2015

This house is about as close as one can get to living among the clouds, so it makes perfect sense that it was built for a retired pilot. Designed by Urban Office Architecture, the geometric Aviator’s Villa in Dutchess County, New York “explores the thought of flight as a strong motivator for architectural darings.”

Through the use of salvaged airplane parts and minimal, glass-encased structures, the firm was able to create the feeling of flying through the sky. And like a plane, the home is exposed to the elements on all sides and appears to be soaring above water, as it’s suspended on stilts, straddling a pool and a small lake.

Read more

City Living, real estate trends

  • By Diane Pham
  • , January 22, 2015

Has the pendulum swung back to favoring life in the ‘burbs? A new poll conducted by the National Association of Home Builders (NAHB) reveals that millennials would rather buy a home in the suburbs than squeeze into a cramped condo in the city. The survey showed that 66 percent would prefer to live in the suburbs, 24 percent want to live in rural areas, and just 10 percent want to live in a city center. The NAHB used a sample of 1,506 people born since 1977 to come to their conclusions.

More from the study here

Daily Link Fix

  • Did you know Harry Houdini is buried in Glendale, Queens? Naturally, there’s some controversy surrounding his grave. [Queens Brownstoner]
  • If you’ve ever wondered how to build a squash court in the middle of Grand Central, here’s a time-lapse video showing you how. [WSJ]
  • Start saving (or ask for a raise); the MTA fare hikes will take effect on March 22. [Crain’s]
  • Meet an icicle farmer…yes, that’s a thing. [Gizmodo]
  • Is London’s 1 Undershaft the world’s first contextual skyscraper? [Architizer]
  • There’s a wedding salon in Williamsburg for “very Brooklyn brides” who would prefer to wear fuchsia on their big day. [Tmag]
  • Take a look at what happens to old boardwalk wood and find out how you can get some. [Core77]

Images: Houdini’s grave via WikiCommons (L); MetroCard via renaissancechambara via photopin cc (R)

Chelsea, Cool Listings, Interiors

Tall Tin Ceilings Charm in This $1.4M Chelsea Loft

By Aisha Carter, Thu, January 22, 2015

  • By Aisha Carter
  • , January 22, 2015

This $1.395 million, 1,000-square-foot, newly renovated loft at 136 West 24th Street has a flexible layout, making a second bedroom or home office a possibility, all within running distance of the Shake Shack line when it comes back. And Snoopy will love your close proximity to the park and the dog run (and let’s be honest, hamburger crumbs).

More pics inside

Social Media

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By Alyssa Alimurung, Thu, January 22, 2015

  • By Alyssa Alimurung
  • , January 22, 2015

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condos, real estate trends

  • By Dana Schulz
  • , January 22, 2015

We know very well that 2015 will see a huge influx of new super-luxury condo units, but what we didn’t know until now was that nearly half of these high-end homes set to hit the market are already in contract, making this year’s forecast widely overblown.

According to Crain’s, a new report from Halstead Property Development Marketing suggests that of the 6,500 new condo listings that have been projected for 2015, only about 3,500 will actually be available for sale in the next 11 months, as 3,000 of them are already taken.

Read more

Queens, Transportation

  • By Diane Pham
  • , January 22, 2015

Get ready to have your bubble burst. As it turns out, Governor Andrew Cuomo’s proposed AirTrain to LaGuardia would actually increase the time it takes to get to the airport, and for some areas, almost double travel time. The Transport Politic enlightened (and dispirited) hopefuls yesterday in an analysis that highlighted the fact that the new train would would deliver commuters to the 7 subway station at Willets Point, which is further away from Manhattan than the airport. In light of the findings, Anthony Weiner threw in his two cents this morning, penning an op-ed in the Daily News, saying “if we are going to solve this problem, we should do it right.” The former congressman also threw a proposal of his own into the ring.

More on what Weiner had to say

Featured Story

Crown Heights, Features, History, New Developments, real estate trends

  • By Lauren Price
  • , January 21, 2015

Image via the Historic Districts Council

What once seemed unheard-of in terms of where to rent or buy in tertiary neighborhoods is now a thing of the past—be it Harlem, Williamsburg, Hell’s Kitchen, Long Island City, or the Lower East Side. But one of the best examples of rapid transformation is Brooklyn. Certainly there are many coveted communities such as Brooklyn Heights, Prospect Heights, and Park Slope, but there is another neighborhood making what looks like a very successful run at gentrification: Crown Heights.

More on the Crown Heights renaissance here

Chelsea, Cool Listings, Interiors

  • By Stephanie Hoina
  • , January 21, 2015

While the etymology of the expression “suits to a T” isn’t clearly defined, there is no debating its meaning: when something is exactly as it should be or fits to perfection. Which is the ideal way to describe this rare T-shaped loft located in the Eagle Warehouse building at 532 West 22nd Street on a quiet and utterly charming Chelsea block full of art galleries.

Designed by 212box Architecture, this $5.9 million dream home was recently featured in Interior Design magazine. Windows at every turn drench the home with sunshine, and custom black steel and pebbled glass room separators transport the natural light throughout the open floor plan offering some level of privacy while still maintaining the loft aesthetic.

See more of why this home ‘suits to a T’

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