Search Results for: 15 cpw

Image via Google Street View With a legendary tenants' rights lawyer on board, a longtime leaseholder is standing fast against a developer's 'dream tower' plans, claiming their business has a valid lease and is being wrongfully evicted, according to the New York Times. Irving and Samuel Morano, the antiques dealers who own Metropolitan Fine Arts and Antiques, are the largest remaining tenant at 10 West 57th Street, a prime location opposite Bergdorf Goodman. 89-year-old developer Sheldon Solow has been amassing properties along the "Billionaire's Row" strip, where the Solow Building, his office tower at 9 West 57th Street stands, since 1977. With grand plans in place to erect a sleek Skidmore Owings & Merrill-designed 54-story hotel and condominium tower, Solow has evicted tenants, erected scaffolding and started demolition on one of the properties along the strip.
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New Developments

December 14, 2016

Average Manhattan sales price tops $2M for first time

Despite chatter about the luxury market slowing down, 2016 has seen Manhattan real estate prices continue to climb and set records. The average sales price for an apartment (including both co-ops and condos) was $2.2 million, topping the $1.9 million record set last year, according to CityRealty's newly released Year-End Manhattan Market Report. This is a whopping 91 percent increase from 2006. And things heat up even more in the new development sector, where 1,800 units sold for a projected total of $8.9 billion, a huge jump from last year's $5.4 billion for $1,464 units.
More record-setting data ahead

Real Estate Trends

December 10, 2016

VOTE for 6sqft’s 2016 Building of the Year!

By 6sqft

For new developments, 2015 was the year of reveals, but 2016 was all about watching these buildings reshape our city. Ahead we've narrowed a list of 12 news-making residential structures, each noted for their distinctive design, blockbuster prices, or their game-changing potential on the skyline or NYC neighborhoods. Which of these you think deserves 6sqft's title of 2016 Building of the Year? Have your say below. Polls for our third annual competition will be open up until 11:59 p.m., Sunday, December 11th*, and we will announce the winner on Tuesday, December 13th!
Learn more about each of the buildings in the running here

New Developments

December 7, 2016

Condos at 432 Park selling at an average discount of 10 percent

432 Park Avenue may be the tallest residential building in the western hemisphere and home to the most expensive apartment closing this year, but throughout 2016, the tower's ultra-luxury condos were selling at an average discount of 10 percent, according to an analysis by appraiser Miller Samuel Inc. for Bloomberg. And a recent transaction saw an even greater price cut; Lewis Sanders, founder and CEO of Sanders Capital and former CEO of AllianceBernstein, bought an 88th floor penthouse for $60.9 million, 20 percent less than its $76.5 asking price.
What's the deal?

Real Estate Trends

November 8, 2016

Even more pricey condos are coming to Billionaires’ Row

By Diane Pham

Back in September, there were murmurs that the Feil Organization had plans to convert a 57th Street office building into residences. As it turns out, Billionaires' Row will indeed soon find itself with another 34 high-end condos in tow. As Yimby first reports, plans were filed last week to convert a 14-story, 1907 commercial tower at 140 West 57th Street into a mixed-use property that would keep an existing grocery story at its base, but transform the building's upper 12 floors into 70,885 square feet of upscale living space.
more details here

August 11, 2016

Sting and Trudie Styler Buying 220 Central Park South Triplex

The NY Post reports that Sting and Trudie Styler are in negotiations to purchase a condo in the Robert A.M. Stern-designed 220 Central Park South. The tantric twosome aren't new to the parkside circuit; they're currently among the significant celebrity contingent at the also-Stern-designed 15 Central Park West, where the pop star purchased a 5,413- square-foot penthouse for $26.5 million in 2008.
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Celebrities

June 1, 2016

A Gracious Floor Plan for this $1.25M Upper West Side Co-op

By Emily Nonko

The 1920s were a great decade for New York City floor plans, with architects like Rosario Candela designing elegant mansions in the sky. In 1922, architect Michael Zenreich designed the brick apartment building at 250 West 75th Street, in the Broadway Corridor of the Upper West Side, with those high standards in mind. The floor plan at this apartment has a wonderful flow, dedicated dining and living areas, and two spacious bedrooms. The building was converted to co-ops in the 1980s and this unit is now asking $1.25 million after last selling in 2012 for $815,000.
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Distinctive Homes

‘Eloise From Hell’ Spent 35 Years in the Plaza for $500/Month, Until Donald Trump Came Along

Illustration by Hilary Knight, courtesy of Simon and Schuster

March 28, 2016

‘Eloise From Hell’ Spent 35 Years in the Plaza for $500/Month, Until Donald Trump Came Along

Remember the story of Herbert J. Sukenik, the famous Central Park West "hermit holdout?" Developers paid the rent-controlled curmudgeon $17 million and gave him a free massive pad overlooking the park in a legendary buyout. His female counterpart might be one Fannie Lowenstein, whom none other than Donald Trump is said to have ended up bestowing a sprawling suite in the venerable Plaza Hotel at 1 Central Park South, complete with a Steinway grand piano and maid service. For zero dollars a month. For life. Here’s how the story of the woman the hotel staff referred to as “the Eloise from Hell” became yet another Manhattan rent regulation legend, as told by Vice.
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February 13, 2016

Weekly Highlights: Top Picks From the 6sqft Staff

Live in Trendy Williamsburg for $563/Month, Lottery Launching for 149 Kent Apartments Brooklyn’s Most Expensive Rental Ups Its Price to $29K/Month Bjarke Ingels Reveals Design for Supertall Cascading Hudson Yards Tower, the Spiral Penny Marshall Lists $5.5M UWS Penthouse With Terrace, Views and a Fireplace in the Bathroom Housing Lottery Kicks Off for $801/Month Middle-Income […]

Uncategorized

November 4, 2015

One57 Leads New Report of Manhattan’s Top 100 Condo Buildings

Six months may not seem like a long time, but a lot can happen in the Manhattan building market in 180 days, which is why CityRealty has released its new CR100 report, "an index comprised of the top 100 condominium buildings in Manhattan." The data tracks the performance of these buildings through the second and third quarters of 2015, and, not surprisingly, One57 has come out on top. The Billionaires' Row powerhouse has surpassed long-time leader 15 Central Park West as the most expensive condo on the island, coming in at $6,010 per square foot over the past 12 months, as compared to 15 CPW's $5,726. It also steals the spotlight for the majority of the last six months' most expensive sales.
More condo data ahead

Real Estate Trends

July 10, 2015

Taking Inventory at Billionaires’ Row; Lowline Creators Raise $224K on Kickstarter

By Diane Pham

Here’s a closer look at what’s going on along Billionaires’ Row. [Market Watch] Clothier David Chu has listed his 15 CPW pad for $8.6M. [NYO] ODA’s Williamsburg tower condos have hit the market. [Curbed] “Scandal” actor Tony Goldwyn has nabbed himself an Upper West Side co-op. [TRD] The Lowline underground park has raised a staggering […]

Real Estate Trends

7,279 NYC Homes Are Valued at More Than $5 Million

The Upper East Side, where the most $5 million + homes are located, via CityRealty

February 3, 2015

7,279 NYC Homes Are Valued at More Than $5 Million

If you think that statistic is jaw-dropping, consider this, too–those 7,279 homes valued at more than $5 million amount to a total fair market value of $65.2 billion, according to data from the city’s Independent Budget Office. The Wall Street Journal requested the data to take a closer look at the proposal to impose higher property taxes on pied-à-terre owners, and the findings show that "the city’s most expensive homes would generate less money from a higher tax surcharge than what its advocates have suggested."
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<b>Goldilocks Blocks: Hope Street in Williamsburg</b>

Between hyper-developed hotspots, main drags in up-and-comers, and those genuinely avoidable areas, there can often be found a city’s “just-right” zones. They aren’t commonly known, but these micro-neighborhoods often hide within them real estate gems coupled with perfectly offbeat vibes. Continuing our Goldilocks Blocks series, this week we look at Hope Street in Williamsburg, Brooklyn.

October 22, 2014

Goldilocks Blocks: Hope Street in Williamsburg

It’s hard to imagine any corner of Williamsburg that doesn’t embody some form of the neighborhood’s upscale hipster paradise. With the opening of The Gorbals restaurant–to excellent reviews–atop the 6th Street Urban Outfitters on the North Side and the South Side sprouting condos and charter schools, the term “prime Williamsburg” has become meaningless. But in every district there are places that retain that charming, slightly unruly je ne sais quoi. The four blocks that comprise Hope Street fit this description.
What makes Hope Street so 'just right?'

September 18, 2014

Glass vs. Stone: An Epic Architecture Battle

Decisions, decisions...sometimes there's just far too many in New York City. Thai or Chinese takeout? Subway or bus? Central Park or the High Line? The list goes on. And one of the most grueling decisions we make as New Yorkers is where to live. From choosing a borough and neighborhood to deciding on a price point, it's quite the undertaking. But what about the most elementary component of the building in which we decide to live--it's material. To be more exact, glass or stone. Glass tower dwellers are often drawn to the floor-to-ceiling windows, panoramic views, and clean lines, whereas buyers of apartments in stone buildings prefer a more traditional feel, with pre-war-style layouts that provide great separation of spaces. And some of the city's most prominent architects have become synonymous with one style or the other. Think Richard Meier for glass and Robert A.M. Stern for stone. CityRealty decided to take a closer look at this epic battle and see how pairs of glass and stone developments fared across the city.
See how these buildings battle it out

July 16, 2014

Citigroup’s Former Chairman Sanford Weill Sells His Maid’s Quarters for $5.34M

By Diane Pham

It's great being Sandy Weill, and apparently it's also pretty good being his hired help. According to city records, the former Citigroup chairman just sold off his servants quarters, a lovely little sixth floor pad at celeb favorite, 15 Central Park West. The sale of 6H rang in at an impressive $5.337M — more than five times what Weill paid for it back in 2007. But Weill is no stranger to making big bucks on his real estate deals. Back in 2011 he sold his apartment in the same luxury tower for a record-breaking $88M to Katerina Rybolovleva, the young daughter of Russian billionaire Dmitriy Rybolovlev.
More details here

Real Estate Trends

December 28, 2023

6sqft’s top 10 ‘distinctive homes’ of 2023

By Aaron Ginsburg

This year, 6sqft has published hundreds of stories on 'distinctive homes' around New York City, from one of the city's most expensive townhouses (a Gilded Age home on the UES for $65 million) to an 1870s Clinton carriage house rebuilt as a Passive House (and as Brooklyn’s first mass timber single-family residence). Ahead, take a look at the 10 most popular features of residences that hit the market this year.
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Distinctive Homes

All photos courtesy of Brown Harris Stevens

December 28, 2022

In an Art Deco landmark on the UWS, this $6.5M co-op has a sunken living room and park views

The Majestic, an Art Deco-style apartment building, is one of many impressive towers that dot Central Park West. A three-bedroom apartment on the 11th floor of the two-tower development just hit the market for $6,500,000. The oversized pre-war home has seven rooms, including a sunken living room that offers a throwback entertainment space with amazing views of the park.
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Distinctive Homes

Janet Jackson sells her Central Park West home for $8.8M

All photos courtesy of Yoo Jean Han for Sotheby’s International Realty

August 22, 2022

Janet Jackson sells her Central Park West home for $8.8M

Janet Jackson sold her Upper West Side apartment for $8,800,000 last month, slightly below the initial asking price. As the Wall Street Journal first reported, the pop star's three-bedroom condo in the Trump International Hotel and Tower at 1 Central Park West hit the market in April for $8,995,000. Jackson has owned the home since 1998 but has not lived there since the pandemic.
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Manhattan borough president calls for seizure of Russian oligarchs’ NYC properties

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

February 28, 2022

Manhattan borough president calls for seizure of Russian oligarchs’ NYC properties

High-profile sales deals with wealthy Russian buyers have made headlines–Dmitry Rybolovlev's $88 million condo buy at 15 Central Park West, for example–and Manhattan's trophy condos have been seen as a safe investment for Russian oligarchs. But since Russia's invasion of Ukraine, there have been calls to seize those properties, The Real Deal reports.
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New York City’s tributes to Martin Luther King Jr.

Stanziola, P. (1964) Mayor Wagner greets Dr. & Mrs. Martin Luther King, Jr. at City Hall / World-Telegram & Sun photo by Phil Stanziola. 1964. [Photograph]; Courtesy of the Library of Congress

January 15, 2021

New York City’s tributes to Martin Luther King Jr.

While some of Rev. Dr. Martin Luther King Jr.'s most memorable moments of his career happened further South, like the Montgomery bus boycott and his "I Have a Dream" speech in Washington, support for his goals hailed first from advocacy organizations based in New York City, like the National Urban League. King held sermons at Riverside Church in Morningside Heights, led a march from Central Park to the United Nations in protest of the Vietnam War, and received a Medallion of Honor from Mayor Robert Wagner. As a way to honor King and his immense impact on the advancement of civil rights, the city has named streets, parks, playgrounds, and more after the icon. On MLK Day this Monday, celebrate by learning about memorials dedicated to him citywide.
Learn more about NYC's MLK memorials here

August 20, 2020

New York City’s top 30 condos

By 6sqft

From supertall new developments and projects by some of the world's most famous architects to historic landmarks brought into the 21st century, 6sqft has rounded up the best condo buildings in New York City. Ahead, find out which condominiums made the list and what you can expect in terms of views, amenities, neighborhood, and more.
Read on for a guide to the city's top condo addresses

9 patriotic places to spend Presidents’ Day in NYC

Painting of George Washington: Rembrandt Peale, George Washington (1732–1799), 1853, Oil on canvas; New-York Historical Society, Bequest of Caroline Phelps Stokes

February 7, 2020

9 patriotic places to spend Presidents’ Day in NYC

By 6sqft

New York City is rich with presidential history, from hosting the inauguration of the country's first president to being home to Grant's Tomb, the largest mausoleum in North America. Presidents' Day celebrates the birthdays of George Washington and Abraham Lincoln each year on the third Monday in February. Those who get the day off from work or school can spend the holiday learning about the city's presidential history, from Federal Hall to the Flatiron District. Or, for a more low key (but still patriotic) three-day weekend, eat cake, go bowling, or catch a Commander in Chief-themed comedy show.
Full list, ahead

Protected bike lane coming to Central Park West after community board approval

Via Public Domain

July 3, 2019

Protected bike lane coming to Central Park West after community board approval

A community board on Tuesday approved a plan to build a new protected bike lane along Central Park West, about one year after a cyclist was killed by a truck there. As West Side Rag reported, Manhattan's Community Board 7 voted in favor of the city's plan, which consists of a northbound protected lane from 59th to 110th Street. Ahead of the bike lane's construction, 400 parking spaces will be eliminated on Central Park West.
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Policy

November 9, 2018

William Randolph Hearst’s one-time Central Park West penthouse returns for $18M