Search Results for: billionaire's row

November 16, 2016

For $4.2M this four-bedroom Village loft condo is the picture of understated luxury and charm

While the $4.2 million price may sound steep, this sprawling 10th floor loft at 8 East 12th Street on the east side of Greenwich Village checks the boxes for just about every dreamy detail you'd need or want in a city apartment. At 2,330 square feet with four bedrooms, closets galore and an enormous great room, there's more than enough space for family, friends and guests. High-floor views go all the way down to One World Trade, and high ceilings accentuate the brightness in every room–and then there are the sunsets. Though there may be no million-dollar parking spots or Olympic-sized pool, this covetable condo is far from no-frills. Central air, a laundry room, marble baths and a chef-ready European kitchen are just a few just-right details; the building is located in one of the finest spots a Manhattan dweller could ask for, just blocks from Washington Square Park, the East Village, the Union Square Greenmarket and nearly every subway in the city.
Get a closer look
July 18, 2016

Huge Tax Disparities Along Central Park Become Visuals in Architectural Art Installation

"Section 581" by SITU Studio, Photograph by Patrick Mandeville Billionaires get off nearly tax-free and billions go uncollected due to flaws in the way the city assesses property value. As part of a new exhibit at the Storefront for Art and Architecture in Soho, interdisciplinary architecture firm SITU Studio created visual representations of these inequities in one of their most glaring examples: the buildings along Central Park. New York City's property tax structure assigns higher real property taxes to renters than it does to the infamous absentee owners of the trophy condos on Billionaires’ Row, short-changing the city of millions in annual revenue, according to CityLab. The acrylic bands in the SITU models show the disparity between the taxed value of these properties and the sky-high amounts they’d actually sell for.
Find out how the state law is giving billionaires a free lunch
July 1, 2016

Own a Collection of Eight Private Islands off the Connecticut Coast for $78 Million

Hey, big spender...before you close on that trophy penthouse condo or townhouse duo, take a look at this extraordinary listing. When you've got billions–or even lots of millions–your real estate options are many. From a penthouse in the sky in a Billionaire's Row skyscraper to a townhouse or two on the Upper East Side or a Hamptons manse with acres of beachfront property, modern-day palaces await. For that eight-figure outlay, this listing is unusual even among the real estate deals of the superrich. The Post tells us of a private archipelago off the Connecticut coastline, owned by Christine and Edmund Stoecklein, on the market for $78 million. Known as the Thimble Islands, this surprising collection of eight islands boasts beautiful restored 19th century mansions, pools, guest houses, docking for yachts both small and large, a commercial-level greenhouse facility, tennis courts and a golf putting green and tees designed by Jack Nicklaus. The property is at most a ten-minute boat ride from the Connecticut shoreline or a twenty minute helicopter jaunt from Manhattan.
What you'll find on these secret island enclaves
May 4, 2016

432 Park Avenue Reveals Glowing White Cube for Retail Space

While most of the news surrounding Rafael Viñoly's iconic 432 Park Avenue has been about big ticket closings at the Billionaire's Row blockbuster with a $3.1 billion projected sellout, developer Macklowe has revealed more about what the news-making skyscraper's 130,000 square feet of retail and office space, divided over several floors, will look like. Adding an even more attention-getting element to the tower, a portion of the building's retail space will be located in a two-story white glass cube at the corner of East 57th Street and Park Avenue.
Find out more
March 14, 2016

Former Headquarters of the Christian Brothers Is Now a $15M Hell’s Kitchen Mansion

Spanning 7,000 square feet, with a two-story master bedroom that cantilevers out eight feet over the back garden, a back wall of glass and smart-everything, this single-family modern masterpiece may be mere blocks from the trophy towers of Billionaire's Row, but it outshines any of those eight-figure abodes by a midtown mile. Built in 1910, this six-story, 7,000 square-foot building at 416 West 51st Street was the headquarters of the Christian Brothers, whose main role was to keep neighborhood youth out of trouble, from 1953 until 2011. In the middle days of the 20th century through its end decade, there was trouble aplenty in the rough district known for tenements and street gangs. The neighborhood has come an almost unfathomly long way in recent years, and "the manse," as the listing calls it, is as good a parallel as we've seen. What's now being offered for $15 million is the result of the current owners' four year effort, in collaboration with Suk Design Group, to create a single family home fit more for a heavenly host than the Hell's Kitchen of history. Every inch of the building is wired for comfort and control, and there's a fully-stocked arcade and a "glass-wrapped floating staircase winding around the elevator like a helix," four enormous bedroom suites and that dramatic duplexed master suite.
Tour this unbelievable vertical mansion
December 7, 2015

VOTE for 6sqft’s 2015 Building of the Year!

If you thought 2014 was an outstanding year that gave way to great new developments, 2015 could easily be considered epic. In the last 12 months, we've seen the rise of the supertalls along Billionaires' Row, a few groundbreaking structures that challenge traditional architectural geometry, and starchitect-designed towers with absurd asking prices. Here we've vetted 12 of the hottest buildings in NYC, noteworthy for their envelope-pushing design, record-breaking prices, or unprecedented height. So, in our second annual poll, we want to know what you think: Out of the dozen, which deserves the title of “2015 Building of the Year?” To help you make an informed decision, we've provided an overview of each contender, along with news highlights from the year. We're taking votes up until 11:59 p.m., Monday, December 7th, and we will announce the winner on Wednesday, December 9th. Happy voting, 6sqft readers!
Learn more about all the buildings in the running ahead
October 16, 2015

Rather Modest UES Townhouse Has Five Floors, Seven Fireplaces, Two Kitchens, Mail Center and Elevator

We've pretty much seen it all when it comes to no-holds-barred luxury in an Upper East Side townhouse, and this five-story, 7,000 square-foot specimen at 17 East 83rd Street is by no means the most opulent. But when the listing starts with "elevator townhouse," you know you're probably not in for a lot of skimping. And when you learn there's a "separate service entrance/mudroom with paw washer," and a "mail center," well, Billionaire's Row is looking a just a bit like Dogpatch... The current owners of this Manhattan mansion—an investor and an interior designer—purchased it for $2.9 million in 1998, which, sure, was 20 years ago, but if they get anywhere close to their ask of $24.5 million, it's still quite a payday. A tidy sum, it's true, must have been spent on renovations in this townhouse-that-treats-you-like-a five-star-hotel–though now that we think of it, where's the pool?
Take the tour (good thing there's an elevator)
October 13, 2015

252 East 57th Street Tops Off Construction Ten Years After Innovative Public-Private Partnership

Soaring more than 700 feet into the Midtown East skyline, World Wide Group and Rose Associate's 252 East 57th Street has officially topped out. Yes, it's hard being a stand-out skyscraper in Manhattan these days; some 30 years ago, the tower would have been the highest apartment tower in the city, just besting Trump Tower and Olympic Tower on Fifth Avenue. Today, the 57-story building is the shortest and eastern-most of six super-towers underway along the southern periphery of Central Park that have been raising average building heights and asking prices to new levels.
More details ahead
September 11, 2015

New Renderings of Vinoly’s 125 Greenwich Street, Downtown’s Future Tallest Residential Skyscraper

On the 14th anniversary of the day that caused the city to question our skyward building ambitions, we give you a new look at lower Manhattan's future tallest apartment tower, 125 Greenwich Street. Not only has the city regained its confidence in building high again, but it has now been feverishly erecting 1,000-plus-foot supertall towers at a faster rate than nearly any other global metropolis. This particular residential spire will soar 77 stories and roughly 1,100 feet high, some 200 feet taller than downtown's next tallest ground-up residential buildings, 30 Park Place (937 feet) and New York by Gehry (870 feet).
Find out more here
September 8, 2015

Hedge Fund Tycoon May Be the Buyer of $200M Penthouse at 220 Central Park South

We first got wind of the potentially record-setting penthouse listing at 220 Central Park South back in March, when it was reported that the unit could sell for between $150 and $175 million. In June, sources said that a Qatari billionaire was looking to combine multiple apartments in the Robert A.M. Stern-designed building to create a $250 million mega-penthouse. Then last month, the Post speculated that another high-profile buyer was Ken Griffin, the billionaire hedge fun tycoon who is currently in the midst of a messy divorce from wife Anne Dias-Griffin (she's asking for $1 million a month in child support). Now the paper reveals that it's Griffin who's looking to snatch up the $200 million+ penthouse in what's being called the "billionaire's bunker."
More details this way
July 8, 2015

Construction Update: Robert A.M. Stern’s 220 Central Park South Begins Race into the Sky

Billionaire's Row's race into the sky continues. Two of its biggest projected selling towers are beginning to rise out of their gargantuan foundations and are rushing to claim their piece of coveted Central Park-fronting airspace. Construction of Vornado's 220 Central Park South development has an early lead against Extell Development's significantly larger Central Park Tower (formerly Nordstrom Tower) across West 58th Street. The first level of concrete and re-bar are now poking up above street level and the elevator/stairway cores are now clearly visible to pedestrian passersby.
See new images of the tower here
May 18, 2015

VIDEO: Preview the Interiors of Jean Nouvel’s MoMA Tower Ahead of This Week’s Sales Launch

Since it started making news in 2006, the starchitect-designed condominium tower at 53 West 53rd Street, officially known as 53W53 along Manhattan's "Billionaire's Row," has progressed slowly, stalled until last September when developers were able to obtain 240,000 square feet of development rights from MoMA and the St. Thomas Episcopal Church for $85.3 million and secure a $860 million construction loan. The Jean Nouvel-designed 1,050-foot asymmetrical tower, often called MoMA Tower, is adjacent to the museum and will occupy three of its lower floors. Now Bloomberg brings us a video interview with Nouvel and interior designer Thierry Despont from the building's sales gallery that opens the door on the building's interiors–or at least those of the building's furnished model unit, which is more than we've gotten so far. We also get to behold a sleek model of the tower's facade surrounded by its neighbors. The architect says that there are "...almost no two similar apartments in the building because on every floor the shape and the layouts are different."
Check out the interiors and the video this way
April 20, 2015

New Renderings Revealed for 217 West 57th Street, the Will-Be Tallest Residential Building in the World

It's been relatively quiet on the Nordstrom Tower front since we saw some skyline renderings in September. But now YIMBY has uncovered the official renderings for Extell's 217 West 57th Street, the 92-story, 1,775-foot supertall that will take the title of tallest residential building in the world when completed, surpassing Mumbai’s World One Tower by 29 feet. The images continue to show how the tower will dominate the skyline, but they also give us a detailed look at the façade and a peek into one of the penthouses.
See all the renderings here
April 12, 2015

Construction Update: SOM’s 252 East 57th Street Getting Its Glass Skin

With foundation work complete, the World Wide Group / Rose Associates' tower at 252 East 57th Street is rapidly making its climb into the Midtown East skyline. The 57-story development composed of 93 condos and 173 rentals is designed by Skidmore, Owings & Merrill LLP (SOM), with SLCE serving as the architects of record. Despite the tower's location along the eastern fringe of cloud-busting billionaire's row, the 715-foot building won't be competing for any height records–for instance, 111 West 57th Street is double its height at 1,428 feet. Instead, the tower is shaping up to be more of a typical Midtown East affair, falling in line with its Second Avenue context by providing a broad 80-foot-high base along the avenue and a sheer 50-story rectangular slab rising above. Recent residential towers along Second Avenue such as The Milan, The Veneto, and The Three Ten share 252's massing, which planners prescribed to conform new skyscrapers to the rows of existing walk-up buildings.
More details on the project here
March 8, 2015

$3M Hamptons Home Was Designed by Robert A.M. Stern in an Unorthodox Shingle Style

Starchitect Robert A.M. Stern certainly made headlines last week, with floorplans for two of his supertall billionaire's row towers coming to light (520 Park Avenue and 220 Central Park South). And it's these type of ground- and record-breaking urban projects that we've come to associate with the architect, who favors stately and classic buildings over the zig-zagging glass towers of his peers. But long before the days of 15 Central Park West, Stern was beginning his architecture career with much humbler projects, like this Hamptons home, an unorthodox take on the shingle style that he completed just a few years after architecture school. The 3,000-square-foot, postmodern vacation house is on the market for $2.95 million, offering architecture buffs the chance to own a piece of history.
Take a tour around the Stern-designed residence here
February 26, 2015

Saudi Prince’s UWS Apartment with Three Bullet-Proof Panic Rooms Lists for $48.5M

But if panic rooms aren't your thing, there's also a sushi island bar, fitness center, billiards room, hair salon, ventilated cigar room, 60-foot living room overlooking the Hudson River, and a lounge with a six-person Jacuzzi. It certainly sounds like Prince Nawaf bin Sultan bin Abdulaziz Al-Saud has been having fun in his 10,500-square-foot Heritage at Trump Place triplex, which was previously listed in 2013 for $75 million. The four-bedroom Upper West Side pad is now back on the market for $48.5 million, according to the Wall Street Journal. Ryan Serhant of Million Dollar Listing fame is one of the listing agents, and though he declined to confirm the owner, he said he is selling because he rarely uses the residence anymore.
You can't miss seeing the rest of this incredible home
February 23, 2015

First Look at the Amenities in Queens’ Tallest Residential Skyscraper 28 on 28th

In December we broke the news that 42-12 28th Street, known as 28 on 28th, in Long Island City would top out at 58 stories and 648 feet. Now, Goldstein, Hill & West's (GHWA) affiliated interior design firm, Whitehall Interiors NYC, has given us our first look at the amenities of Heatherwood Communities' upcoming rental tower. The perks include a swimming pool and attended parking garage–and they also give us a glimpse of how the units themselves may be designed. The construction site already has steel re-bar poking up above street-level, meaning the tower will soon race skyward, eventually taking its place as the tallest residential skyscraper in New York City outside of Manhattan.
Check out the renderings here
December 22, 2014

So You Think You Know Everything About One57?

Well, you might want to think twice. Even though the city's most expensive condo building is also perhaps the most written-about (even the Times has run out of ways to describe it), there are still plenty of little-known facts about the 1,005-foot-tall tower. One57 is considered the crown jewel of what's been dubbed "Billionaire's Row," and can also be credited with launching the ultra-luxury building boom. Developed by Extell's Gary Barnett and designed by Pritzker-winning architect Christian de Portzamparc, the sleek tower is currently the second tallest structure in the city. And that's just the beginning.
Bone up on your One57 factoids here
December 19, 2014

REVEALED: 290-Foot Cantilevering Condo Coming to Hudson Square/West Soho

A development site at Greenwich and Charlton Streets promises to be among the first to bear fruit from Hudson Square's 2013 rezoning. Images uncovered on the website of Fernando Romero EnterprisE (FR-EE) detail a 26-floor, 116-unit condominium along the quiet commercial edge of the neighborhood. The L-shaped lot is owned by the developer Cape Advisors, whose forward-thinking projects include 100 Eleventh Avenue and One Kenmare Square.
More details ahead
November 17, 2014

New Rendering for 111 West 57th Street Shows Ethereal Views

Move over 432 Park, there's a taller, slimmer and sexier ultra-luxury residential tower coming to Midtown. At the Municipal Art Society's 2014 Summit for NYC, Simon Koster, Principal at JDS Development Group, provided the audience with a compelling presentation on how our ideals can serve as the basis in how we shape our city. The restored crown of Stella Tower, the East River mega-rental project at 616 First Avenue, and 111 West 57th Street's discretionary approval by the Landmarks Preservation Commission were used as relevant examples. And the 57th Street project really caught our eye. The 1,400+ foot tower will also become the slimmest building in the world with a slenderness ratio of 1:23. Its narrow profile and stepped crown evoke the romantic art-deco towers of the 1920s and '30s and other timeless city landmarks. SHoP Architects are the designers and WSP Group are the engineers/magicians making sure things remain upright.
More on the tower here
April 9, 2018

Richard Meier’s East side master plan moving ahead with three condos and biotech offices

Across the street from Richard Meier’s nearly-complete new black glassy-facaded condo/rental tower at 685 First Avenue (known as 685 First), between First Avenue and the East River, a boarded-up construction site has remained quiet for the better part of a decade. Now, Curbed reports, the site’s developer, Solow Building Company, headed by Sheldon H. Solow, 89, and son Stefan Soloviev, confirms the site's awakening and imminent transformation into three condominium buildings and a fourth building, to be a biotech office, using the 2012 master plan penned by Meier's architecture firm.
Find out more
November 14, 2017

LPC approves Roman Abramovich’s revised Upper East Side mega-mansion proposal

Shortly after Roman Abramovich added a fourth Upper East Side townhouse to his now-$96-million assemblage on East 75th Street, the Russian billionaire's three-house, 18,000-square-foot mega-mansion plans changed ever so slightly, with renovation efforts to be concentrated on numbers 9, 11 and 13, leaving number 15 out of the running for the mega-combo. As 6sqft previously reported, the steel magnate and owner of the Chelsea Football Club has been working with architect Steven Wang with big-name firm Herzog & de Meuron as a design consultant. The first proposal for the project, “an 18,255-square-foot mansion with a six-foot front yard, 30-foot backyard, and pool in the cellar" was rejected by the Landmarks Preservation Commission and the DOB in April 2016, but a revised plan was approved two months later. Tweaked again to include the new property, the revised plan has been officially approved on Tuesday by the Landmarks Preservation Commission.
Find out more
May 5, 2016

$250M Penthouse at 220 Central Park South Will Officially Be NYC’s Most Expensive Apartment

For over a year, it's been a guessing game with just how expensive 220 Central Park South's penthouse will actually be. Initial murmurings put the price at $175 million, but later reports that claimed hedge fund tycoon Ken Griffin was the buyer upped it to $200 million. The guessing is over, though, as The Real Deal has obtained an amended offering plan filed with the New York Attorney General, which shows that the 23,000-square-foot, four-floor "billionaire's bunker" will cost a mind-boggling $250 million (or $11,000 per square foot), making it by far the city's most expensive apartment.
Check out the insane floorplans