January 12, 2019

FREE RENT: This week’s roundup of NYC rental news

321 Wythe in Williamsburg Debuts Luxury Rentals with All-Star Amenities + Skyline Views [LINK] The Hamilton, 1735 York Avenue: Yorkville Rental Leasing 1- to 3-Bed Rentals with 1 Month Free [LINK] OTTO, 211 McGuinness Boulevard: Upscale Greenpoint Rentals from $2,317/Month [LINK] Summit, 222 East 44th Street: Ultra Luxury Midtown East Rental Launches Leasing [LINK] 535 […]

January 11, 2019

City’s plans for Soho and Noho may include rezoning and removal of Artist In Residence law

The Department of City Planning, Manhattan Borough President Gale Brewer and City Council Member Margaret Chin announced today the launch of a six-month public engagement process addressing the future of NYC's Soho and Noho neighborhoods. The series of public meetings and consultation with local stakeholders are an early phase in outlining a vision for the future of those neighborhoods; the city's plans include updating what many consider outdated zoning laws, including the removal of rarely-enforced restrictions on ground floor retail tenancy and Soho's Artist In Residence law.
Find out more
January 11, 2019

After less than a year, J.Lo and A-Rod put 432 Park apartment on the market for $17.5M

Less than a year after dropping $15.3 million on a trophy pad at 432 Park Avenue, J-Rod (J.Lo + A-Rod) has decided to put the sprawling, apartment back on the market. First spotted by the Post, the place is now asking $17.5 million. The news comes just five months after the couple put their considerably smaller apartment at 15 Central Park West on the rental market for $11,500 a month. Why are they selling so soon? Though three bedrooms and 4,000 square feet sounds large to most, a source told the Post that "They love the building, but when their kids are all together, it’s too small. They need something bigger for the family."
On to bigger and better
January 11, 2019

Odds of winning an affordable housing lottery in NYC are better than you think

While applying for affordable housing lotteries in a city with millions of applicants seems daunting, paying below-market rent in New York City is enough of an incentive to persevere through the process. Especially since it's not totally unattainable. The New York Times reported on Friday that in 2018, the odds of winning an affordable apartment through a lottery were 1 in 592. Those are actually better chances for those applying now rather than for applicants in 2016 when the odds were about 1,000 to 1.
More this way
January 11, 2019

Go inside Bjarke Ingels’ vibrant new U.S. headquarters in Dumbo

Bjarke Ingels Group has certainly lived up to its moniker BIG, with studios in New York, Copenhagen, and London, 17 partners, more than 500 employees, and roughly 50 projects currently in development. To keep up with this astonishing growth, the 14-year-old firm recently moved its U.S. headquarters to a vibrant new space in Dumbo's 45 Main Street. The 50,000-square-foot office fits 250+ employees and boasts cool features like Brooklyn Bridge views, a private outdoor terrace, chromatized steel doors, and tons of furniture and lighting by Danish brand and BIG collaborator KiBiSi.
Take the tour!
January 11, 2019

De Blasio creates new office to protect NYC tenants from landlord abuse

Mayor Bill de Blasio on Thursday created a new city office to protect tenants from landlord abuse. During his State of the City address, de Blasio signed an executive order to form the Mayor's Office to Protect Tenants, which will lead the city's anti-harassment and outreach initiatives across multiple agencies. The mayor warned that the "city's worst landlords will have a new sheriff to fear," referring to the new oversight office.
Get the details
January 11, 2019

Billionaire’s Midtown penthouse got the biggest price chop in NYC history, now $70M off

Everything goes on sale after Christmas, and that’s certainly true of hedge fund billionaire Steve Cohen’s Beacon Court penthouse at 151 East 58th Street. The SAC Capital Advisors founder bought the 9,000-square-foot duplex for $24 million in 2005 and hired noted architect Charles Gwathmey to give it a once-over. The condo hit the market again in April of 2013 for a whopping $115M (around the time Cohen received a wrist-slap to the tune of $1.2 billion for insider trading). No takers at that price. Or the next one ($82M). Or the one after that ($79M)–you probably get where this is going. Where the five-bedroom aerie on the building's 51st and 52nd floors ended up today: Deeply discounted to $45 million after eight price cuts adding up to a $70 million drop, making it the heftiest haircut to happen in New York City history according to The Real Deal.
Take a closer look
January 11, 2019

Illuminated Garment District installation ‘Iceberg’ wants you to think about climate change

Earlier this week The Garment District Alliance unveiled "Iceberg," an immersive art installation on the Broadway pedestrian plazas along Broadway from West 37th to 38th Streets. Created by ATOMIC3 & Appareil Architecture, in collaboration with Jean-Sébastien Côté and Philippe Jean, the installation allows the public to generate a light and sound show as they pass through the metal arches of the installation, which react to the pace of each participant by turning different colors. But there’s more to it than pretty lights—the installation also carries an environmental message.
See the lights
January 11, 2019

No J or M between Brooklyn and Manhattan and other weekend subway updates

Let's start things off with some good news: The L and G trains will be running smoothly with no anticipated changes this weekend. The worse news is that many lines will experience station closures and delays. Riders of the 5 will be hit especially hard, with trains running only every 20 minutes. Traveling between boroughs won't be easy either. 7 service between Queensboro Plaza and 34 Street-Hudson Yards continues to be out and there will be no J or M service between Brooklyn and Manhattan. Those free shuttle buses are sure to be packed.
Know before you go
January 10, 2019

Historic Harlem townhouse combo seeks record-breaking $27M

A record-shattering listing just hit the market: twin adjacent townhomes in Harlem are seeking a whopping $27,000,000 for both properties. The homes are currently independent but could be combined into a rather impressive megamansion. The price is unparalleled in the area and five times the record selling price of a Harlem townhouse, which sold last February for $5.1 million. As Mansion Global reported, listing agent Siddiq Patterson of the Corcoran Group said he believed the price was justified by the property’s scale and storied past. "The bones and the history is something you just don’t get" with other homes in the area, he stated.
See it all
January 10, 2019

Staten Island, Coney Island to be added to NYC Ferry system

The city will launch two new ferry routes by 2021, Mayor Bill de Blasio announced Thursday during his State of the City address. Staten Island and Coney Island will be added to the NYC Ferry system, providing a much faster commute to Manhattan for outer-borough New Yorkers. "It shouldn't be this hard to get around in the greatest city in the world," de Blasio said. "And so we’re giving people more and better options." With the addition of the Staten Island route, all five boroughs will be a part of the NYC Ferry system by next year.
Get the details
January 10, 2019

$60M contract will finally bring East Side Access to Grand Central

It was announced today that a $60.2 million contract to build the project that will bring the Long Island Rail Road service to Grand Central Terminal was awarded to construction and development company Skanska. The award represents the final heavy civil contract in the MTA's largest largest capital project and one that marks the first expansion of the Long Island Rail Road (LIRR) in over 100 years.
Find out more
January 10, 2019

Secrets of the St. Mark’s Historic District: From Peter Stuyvesant’s grave to the only real east-west street

One of New York City’s most charming and distinctive corners celebrates its 50th anniversary as a landmark district this coming week. The St. Mark’s Historic District, designated January 14, 1969, contains fewer than 40 buildings on parts of just three blocks. But this extraordinary East Village enclave contains several notable superlatives, including Manhattan’s oldest house still in use as a residence, New York’s oldest site of continuous religious worship, Manhattan’s only true east-west street, the remains of the last Dutch Governor of New Netherland, and the only “triangle” of houses attributed to celebrated 19th century architect James Renwick.
More secrets of the neighborhood
January 10, 2019

De Blasio promises to increase NYC bus speeds and number of designated lanes

Significant improvements will be made over the next two years to the New York City's outdated bus system, Mayor Bill de Blasio is expected to announce during his State of the City address on Thursday. A report released by City Comptroller Scott Stringer in 2017 found the city's buses run at the slowest pace in the nation among large cities, traveling at just 7.4 miles per hour on average. The mayor aims to increase the bus speeds by 25 percent to just over 9 miles per hour by the end of 2020, as amNY first reported.
More this way
January 10, 2019

$18M West Village townhouse will be wearing white this season

Filled with 19th century grandeur, glorious details and a perfectly calibrated designer renovation, this Italianate brick townhouse at 292 West 4th Street may need some work–but only if you're a fan of bold color in your home decor. If you embrace the tranquility of white, the 10-room West Village home on a gorgeous tree-lined block of noted lush private gardens may be just what you're looking for. Built in 1860, the 20-foot-wide home asking $18 million has updated interiors by noted designer Piet Boon that complement scores of original details, starting with a stoop framed by a wrought iron railing and extending through floor-to-ceiling glass to elegant terrace gardens.
Take the tour
January 9, 2019

$2M Greenwich Village co-op is a life-sized dollhouse

From the pale pink and seafoam green walls to the lacy fabrics to the flowery decor, this lovely Greenwich Village co-op looks like a life-sized dollhouse. And if you're looking to play house, the one-and-a-half bedroom at 64 West 11th Street has just hit the market for $1,995,000. Even if you take out the current furniture and accessories, historic details such as original moldings, transoms, shutters, wide-cut wood floors, and glass-paned doors will ensure this apartment retains its vintage charm.
Go inside
January 9, 2019

Lottery launches for 52 affordable units at a beachfront rental in Coney Island, from $759/month

An affordable housing lottery launched on Wednesday at a mixed-use development located in Coney Island one block from both the beach and the recently-landmarked Riegelmann Boardwalk. The nine-story development at 3003 West 21st Street, dubbed Surf Vets Place, offers residents a 24-hour attended lobby, sun terrace, a fitness center, computer lounge, and party rooms. Qualifying New Yorkers earning 50 and 60 percent of the area median income can apply for the apartments, ranging from a $759/month one bedroom to a $1,289/month three-bedroom.
Find out if you qualify
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January 9, 2019

This dreamy 1880 Victorian bed and breakfast in Harlem could be yours for just under $4M

Entering the 1880 townhouse at 210 West 122nd Street in Harlem is like stepping back in time. The six-bedroom property—now on the market for $3,750,00—is currently a bed and breakfast where guests from all over the world enjoy the grandeur of this authentic Victorian home filled with original details: mahogany millwork, stained glass transoms, inlaid floors, and seven fireplaces. The old world charm is balanced by luxurious 21st-century amenities including a recently updated kitchen and waterfall jacuzzis. Prospective buyers will be able to continue operating the bed and breakfast or simply enjoy this architectural gem for themselves.
See the tour
January 9, 2019

Court order stalls progress on De Blasio’s new horse carriage rules

Manhattan Supreme Court Judge Arthur F. Engoron ordered Tuesday that Mayor De Blasio can't “take any action or inaction that would interfere” with the horse carriages operating in Central Park until a subsequent court order is issued, according to the New York Daily News. The court order is the result of a complaint filed in October by horse carriage hack Giovanni Paliotta, whose attorney says the process was being done in the wrong order: New rules regarding the carriages should come from the City Council rather than the mayor, and legislation should be passed.
Find out more
January 9, 2019

Council bill would require NYC developers to disclose relationships with public officials

Real estate developers would be required to disclose prior relationships with politicians before signing any deals with the city under a new bill being introduced Wednesday by Council Member Ben Kallos. The legislation would also make developers reveal their ownership interests and their Minority Women Business Enterprise status. "Well-connected developers should not be getting sweetheart deals on the taxpayer's dime," Kallos said in an email.
About the bill
January 9, 2019

NYC’s 10 best offbeat and hidden museums

New York is home to world-class institutions like the Metropolitan Museum of Art, the American Museum of Natural History, the Guggenheim, and MoMA. But this city’s museum scene has more to offer than just the Temple of Dendur—in fact, it’s full of smaller, way funkier spots serving up found art, oddities, and history, including the history of this ever-odd city itself. Here are 10 of our favorites.
Start exploring
January 9, 2019

The Chrysler Building is for sale

New York City's iconic Chrysler Building is on the market. The owners of the 1930 Art Deco landmark, Tishman Speyer Properties and the Abu Dhabi Investment Council, have hired real estate firm CBRE Group to sell the property, the Wall Street Journal reported Wednesday. The Abu Dhabi government purchased its majority stake in the Chrysler for $800 million in 2008, but real estate experts told the WSJ it would be difficult to recover.
Details here
January 9, 2019

Hudson Yards arts center The Shed sets an opening date and reveals additions to inaugural lineup

The Shed, New York City’s first arts center dedicated to presenting new performing arts, visual arts, and popular culture works, has set an opening date of April 5, 2019, the organization's Artistic Director and CEO Alex Poots announced today. The city's newest arts center on Manhattan’s west side has also announced four additional opening season commissions and the honorary naming of its building and two major spaces in recognition of visionary supporters of the project in addition to information about operating hours and tickets.
Find out more
January 8, 2019

Navy Yard Wegman’s readying for fall 2019 debut; City’s new $100M plan provides health care for all

The city’s first “package-free” grocery store has opened in Bushwick. [Grub Street] In more grocery store news, the Brooklyn Navy Yard’s forthcoming Wegman’s is hiring for its fall 2019 opening. [Bklyner] An Andy Warhol-themed bar called The Factory 380 has opened in Murray Hill. [WSJ] Mayor de Blasio announced a new $100 million program that will […]

January 8, 2019

Emily Blunt and John Krasinski drop $11M on a full-floor spread in Brooklyn’s new celeb hotspot

Just weeks after news broke that Matt Damon set a borough record when he paid $16.7 million for a penthouse in Brooklyn Heights' new condo The Standish, the Wall Street Journal now reports that Emily Blunt and John Krasinski are also moving into the building. The couple dropped $11 million on two adjacent units, giving them the entire eighth floor. Although their transaction doesn't set any records, it's still considered one of the largest ever in Brooklyn. Previously, Blunt and Krasinski owned a gorgeous, historic Park Slope townhouse, but they sold it for $6.5 million last year because they weren't able to spend enough time there.
Get the scoop
January 8, 2019

It’s said this $1.85M Scarsdale Tudor was built by mobster Bugsy Siegel in 1920

On a tranquil cul-de-sac in Westchester County's Scarsdale, this pretty 1920s stone Tudor has a surprisingly notorious reputation: It was allegedly the home of infamous '20s gangster Ben "Bugsy" Siegel. It has, for a new century, been restored to its original glamour with the addition of a luxurious kitchen and modern conveniences.
See more of this historic home
January 8, 2019

Lin-Manuel Miranda and NYC team up to save Theater District’s 100-year-old Drama Book Shop

One of New York City's go-to spots for thespians and Broadway lovers will remain open after all, the New York Times reported Tuesday. Lin-Manuel Miranda and three "Hamilton" associates, along with the city, have purchased the Drama Book Shop, saving it from impending closure. The independent bookseller announced in October it would have to close its doors due to rising rents in the Times Square neighborhood. But with investment from Miranda and his team, and the Mayor's Office of Media and Entertainment (MOME), the Drama Book Shop will reopen this fall at a new location within the theater district.
More here
January 8, 2019

SNL comic Michael Che plans benefit comedy show to raise funds for NYCHA residents

Stand-up comic and SNL’s Weekend Update co-anchor Michael Che is organizing a benefit show for New York City public housing residents this week. There are still a few tickets left for "A Night for NYCHA" on January 11, as amNY reported earlier today. Che is the headliner, “Roastmaster General” Jeff Ross will be hosting, and Michelle Wolf will feature in a “top secret lineup” of comics. “It's gonna be a fun show and a GREAT cause," Che posted on his Instagram stories earlier this month. "A lot of residents don't have heat this winter. This money could really help. I grew up in a building like that, and it's really tough."
Get all the details
January 8, 2019

My 600sqft: Writer and food artist Emma Orlow fills her Bed-Stuy pad with JELL-O prints and ’70s kitsch

For most of us, our homes represent our personality generally, but for NYC native Emma Orlow, her Bed-Stuy apartment is a decorative translation of everything she loves and does. Part events producer, Emma has curated her space with yellow, bright orange, and lime green furniture and accessories, along with a mix of vintage mementos (her mom's old NYC matchbook collection adorns one wall), stylish accessories (she counts among her favorite things a set of rainbow Massimo Vignelli mugs), and kitschy '70s-era objects (see her retro Candy Land game). Emma also works as a food writer and artist working with food, another passion that can be seen throughout her home, from the JELL-O risographs to her beloved Japanese miniature food erasers. 6sqft recently paid Emma a visit and learned that you can't help but smile when you walk into her space--or when you chat with her, for that matter. Ahead, take her apartment tour and learn what influences her creativity, where her fun decor comes from, and what simply she simply couldn't live without.
Have a look for yourself
January 8, 2019

Sales launch at Brooklyn Heights library-replacing condo tower, from $1.1M

Nearly four years after the Brooklyn Public Library announced the sale of its Brooklyn Heights branch, sales have started at the 38-story condo building that replaced it. The Hudson Companies, the developer who bought the site in 2015 for $52 million, launched on Tuesday sales for 133 one- to five-bedroom residences at One Clinton, ranging in price from $1.088 million to roughly $5.26 million for a four bedroom. Five-bedroom and penthouse pricing will be released in the coming months.
See inside
January 8, 2019

Billionaire financier and art collector lists massive Central Park West penthouse for $5.25M

Editor's note: At the request of Sotheby's International Realty, listing photos that appeared in an earlier version of this post have been removed. Just steps from Central Park on the Upper West Side, this two-bedroom co-op at 23 West 73rd Street is located in the Park Royal, a pre-war, red-brick building that has been called “one of the most attractive sidestreet apartment houses” in the coveted neighborhood. On the market for $5,250,000, the penthouse unit is owned by financier Donald Marron, who is also one of the most recognized private art collectors in America and previously served as President of the Museum of Modern Art’s Board of Trustees.
See the tour
January 8, 2019

On this day in 1790, George Washington gave the first State of the Union in NYC

Right now, Federal Hall at Wall and Broad Streets is closed due to the Government Shutdown. But long before the current crisis, Federal Hall was the site of several Federal firsts. New York was the nation’s first capital, a distinction the city held until 1790, and the original Federal Hall, at the site of today’s monument, was the first Capital Building. Federal Hall hosted the first Congress, Supreme Court, and Executive Branch Offices. The building witnessed the drafting of the Bill of Rights and the passage of the Northwest Ordinance. George Washington took his Oath of Office from the balcony of Federal Hall on April 30, 1789, and on January 8, 1790, he delivered the nation’s very first State of the Union Address from the building’s Senate Chamber.
What were the hot-button issues of 1790?
January 7, 2019

Council Speaker Corey Johnson kicks off five-day, five-borough tour of NYC subway stations

On Monday, Corey Johnson, the speaker of the New York City Council and Acting Public Advocate, kicked off a five-day tour of the city's subway system. Johnson, who will hold both posts until the public advocate special election on Feb.26, plans on traveling to stations in all five boroughs to get feedback from real New Yorkers all over the city. "New York City deserves a world-class transportation system, but unfortunately, due to years of neglect and mismanagement, we don't have one," Johnson wrote on the City Council's website.
Take the survey
January 7, 2019

Amtrak engineers eye Cuomo’s L train fix for their own East River tunnel repairs

Amtrak is taking a close look at Gov. Andrew M. Cuomo’s possibly-disaster-averting new L train repair strategy as a "common sense solution" for their own damaged tunnels between Manhattan and Queens, the Daily News reports. The agency would, of course, subject the tunnel fix to more scrutiny before making a decision. Amtrak chairman Anthony Coscia said “It is important for us to do a thorough vetting so that we can determine now at this stage whether it’s a methodology that we could use. Because if it is, it will make the process far less painful to our travelers,” much like the new subway solution would allegedly be.
Could this make the Gateway Project obsolete?
January 7, 2019

Checking in on the tallest building at Cobble Hill’s River Park development

The second phase of Fortis Property Group's five-building project in Cobble Hill will continue into the new year, with the complex's tallest tower expected to enter the market soon. 2 River Park, located at 91 Pacific Street, will top out at 28 stories, 475 feet tall. In addition to being the tallest at River Park, the condo tower will become the tallest in South Brooklyn, which contains Boerum Hill, Carroll Gardens, Cobble Hill, Gowanus, Park Slope, and Red Hook.
Check it out
January 7, 2019

From Brooklyn’s biggest bank to its tallest building: Behind the scenes at the Dime Savings Bank

Since it opened in 1859, the Dime Savings Bank of Brooklyn has been integral to the history of the borough it calls home. True to its name, you could open a savings account with just a dime. The first person to make a deposit was a man named John Halsey who invested $50. Scores of Brooklynites followed suit, and by the end of the bank’s first business day, 90 people opened accounts; by the end of the first month, more than 1,000 people were depositing at Dime. But the bank cemented its prominent status in 1908 when the first subway tunnel between Manhattan and Brooklyn opened and Dime moved into its grand neo-classical building on Dekalb Avenue and Fleet Street. After the bank closed in 2002, the landmark still stood in all its former glory, operating as a special event space. Three years ago, JDS Development filed plans to build Brooklyn's tallest tower adjacent to Dime, incorporating its Beaux-Arts interior as retail space for the project. And with work now underway, 6sqft recently got a behind-the-scenes tour of Dime Savings Bank with Open House New York.
Explore the history and future of Dime Savings Bank
January 7, 2019

Government shutdown could cost MTA $150M per month in federal funds

With each passing month of the partial government shutdown--currently in its third week--the Metropolitan Transportation Authority stands to lose $150 million per month in federal funds, Sen. Chuck Schumer said Sunday. Without funds from Washington, which are allocated for track repair work and construction projects, the MTA may have to cut back service or borrow money, if the shutdown continues. "They can last another four weeks, but after that, [the MTA has] got real trouble," Schumer said during a news conference, as the New York Post reported. "They may have to borrow which would increase their costs. They may have to cut back, which would be a very bad thing."
More here
January 7, 2019

Is SoHY the next hot neighborhood? New ‘South of Hudson Yards’ condo thinks so

Our first reaction at reading New Development Group’s (Ryant Serhant and team) introduction of the newly-minted SoHY condo at 550 West 29th Street as “Manhattan’s newest neighborhood and building" was to think the Nest Seekers-agent-to-the-stars must be SoHY if he thinks anyone will fall for another silly neighborhood acronym (Hello, NoLo!). But in this case, the multi-hyphenate wunderkind might actually be on to something. When you think about it, SoHY–for South of Hudson Yards–is definitely better than: "um, you know that area all the way over by 11th Avenue where all those new buildings are...that aren’t Hudson Yards ones..."
More SoHY jinks, this way
January 7, 2019

East Village rowhouse once home to Andy Warhol and Paul Morrissey lists for $5M

In the late 1960s, this East Village house at 321 East 6th Street was owned by none other than Andy Warhol, during which time his close friend, film director Paul Morrissey, lived at the address, too. Today, the Anglo-Italianate brick townhouse has been chopped up into five units, but it retains many original details from even before Warhol's time, including two wood-burning fireplaces, crown moldings, 13-foot ceilings, and parquet and hardwood floors. It's just been listed for $4,950,000 with the option to convert the home into a grand single-family residence.
READ MORE
January 5, 2019

FREE RENT: This week’s roundup of NYC rental news

Images (L to R): 525 West 52nd Street, The Essex, 505 Union Avenue and 19 Dutch Street The Essex: Rent at the tallest building in Essex Crossing with 2 months free [LINK] Hunters Landing: New Long Island City rentals with 3 months free [LINK] 525 West 52nd Street: Luxury Hells Kitchen rental has amenities for […]

January 4, 2019

Four days late, de Blasio launches Fair Fares program with some caveats

After facing sharp criticism this week from almost all New York media outlets for missing the January 1st start date of Fair Fares, Mayor de Blasio and City Council Speaker Corey Johnson held a press conference this afternoon to officially launch the program. As of now, the joint initiative will provide half-priced MetroCards to approximately 30,000 low-income New Yorkers who are receiving cash assistance benefits from the Department of Social Services. In April, an estimated additional 130,000 New Yorkers receiving SNAP benefits will be able to apply. But as the Daily News' City Hall bureau chief Jill Jorgensen mentioned on Twitter, limiting the program to these two groups means that no undocumented residents are eligible to apply.
More details here
January 4, 2019

Cuomo says MTA board must sign off on L train plan, one day after it was presented as a done deal

The dreaded 15-month L train shutdown, planned and studied for three years, is canceled. Or is it? Gov. Andrew Cuomo on Thursday presented a proposal for a new L train plan that would no longer require a 15-month closure of the Carnasie Tunnel, the link between Manhattan and Brooklyn and which was damaged by saltwater floods during Hurricane Sandy. During the news conference, Cuomo, along with a panel of experts, engineers, and the acting chair of the MTA, Fernando Ferrer, touted the project as being the shortest and best way to fix the tunnel. But in a conference call with reporters on Friday, the governor called on the MTA board to hold an emergency meeting to vote yay or nay on his new plan, of which most had heard about on the same day it was announced.
More here
January 4, 2019

$130M penthouse at 520 Park Avenue is now two separate units

The quest to outdo One57's record-setting $100.5 million penthouse doesn't seem to be working. The two contenders, 220 Central Park South and 520 Park Avenue--both Robert A.M. Stern-designed buildings--announced their $250 and $130 million penthouses in 2016 and 2014 respectively, but there's been no movement since. The latter building seems to have taken the hint, though, as The Real Deal reports that the 12,398-square-foot triplex has been chopped up into two "smaller" units--a $40 million full-floor unit and an $80-$100 million duplex.
READ MORE
January 4, 2019

This $799K Bed-Stuy condo ‘shakes’ things up with a clawfoot tub, wood stove, and roof deck

A condo full of Shaker woodwork detail in Brooklyn's Bed-Stuy neighborhood has hit the market for $799,000. The two-bedroom, two bath home at 464 Hancock Street boasts 10-foot-high ceilings, a functioning wood stove, and an envy-inducing windowed clawfoot tub. The sunlight-drenched home also features Shaker woodwork peg racks in most of the rooms and along the hallways, making for a unique storage addition.
Take the tour
January 4, 2019

Where I Work: Jun Aizaki’s architecture and design firm CRÈME gets creative in Williamsburg

Japan native Jun Aizaki started Brooklyn-based CRÈME / Jun Aizaki Architecture & Design 14 years ago when both the design and architecture firm's Williamsburg location and their portfolio were much different. Today, with more than 15 employees, CRÈME has become a leader in hip restaurant design (think Redfarm, L'Amico, and Mr. Purple), along with more innovative product design such as gourd cups and indigo-dyed furniture. The firm also has a pulse on urban planning projects, such as a proposal to build a timber bridge connecting Greenpoint and Long Island City, as well as a master plan of Denver’s Dairy Block. And it's this combination of cool-factor, outside-the-box thinking, and style that CRÈME embodies in their industrial Williamsburg office space. 6sqft recently visited the firm to take a look around and see their work, as well as to have a chat with Jun.
READ MORE
January 4, 2019

Upper East Side Gilded Age mansion with Broadway cachet and a big money past tries again at $29.5M

Just over a year ago, The Real Deal reported that Tony Award-winning Broadway producers Janet and Howard Kagan (“Tuck Everlasting,” “Pippin”) had put the 25-foot-wide, 12,729-square-foot mansion at 11 East 82nd Street, purchased for $24.5 million in 2009, on the market, asking $44 million. The impressive Upper East Side limestone-and-brick townhouse was also known for having previously belonged to financier Ron Perelman. The 1895 building in all its six-story, elevator-enhanced, Gilded Age glory has just been relisted for $29.5 million, a hefty haircut from last year's ask.
Embark on the grand tour
January 4, 2019

First weekend of 2019 starts major headaches for 7 train riders and Washington Heights station

New year, same subway challenges. This weekend will be the start of significant service disruptions along the 7 line—making travel between Manhattan and Queens more complicated—and of long-term construction at several stations in Washington Heights, beginning on January 5 with the closure of the 1 train's 168 Street station (some good news: A and C trains will still be servicing the station). Riders can expect to encounter skipped stops across many lines and long wait times. Read on for a detailed list of the planned service changes.
Know before you go
January 3, 2019

Cuomo calls for last-minute halt of L train shutdown in favor of a new tunnel design

Knight in shining armor or kink in the chain? In an unexpected, last-minute announcement on Thursday, Gov. Andrew Cuomo announced that he is halting the 15-month L train shutdown in April, calling for a new tunnel design instead that would coincide with night and weekend work for 15 to 20 months. The news comes just a few weeks after the governor toured the Hurricane Sandy-damaged Canarsie Tunnel with engineering experts from Cornell and Columbia Universities. Though he said at the time he was "confident it cannot be done any other way and it cannot be done faster than the MTA is doing it," Cuomo today threw a curveball saying he and the MTA have agreed on a new design that has never before been used in the U.S. and will mean that it "will not be necessary to close the L Train tunnel at all."
READ MORE

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