6sqft | NYC local news, events, and apartments

The first place winners of the New York Affordable Housing Challenge, an architectural competition run by Bee Breeders, have been announced. Kwong Von Glinow Design Office received first prize for their entry “The Table Top,” a modular system that aggregates and stacks to provide density and diversity in a city as varied as New York. Designed as a prototype for affordable housing in New York City, the flexible system could accommodate the city's wide range of lot sizes and is adaptable to a variety of unit combinations for diverse types of residents. With an affordable housing crisis abetting an increasingly socially divided city with the majority of its residents spending over half of their annual income on rent, the project speaks to Mayor de Blasio’s emphasis on the dire need to create more affordable housing at both new and redeveloped existing sites.
Find out more about this flexible, scalable design for living

April 6, 2017

Funky, renovated West Harlem townhouse has hit the market for $4.5 million

This Harlem townhouse is one of a kind, thanks to a recent renovation. Located at 363 West 120th Street--just a half block from Morningside Park--the historic property was configured into an owner's triplex with a rental duplex below. While some interior details like the original tile and woodwork were integrated with the design, the overall aesthetic feels more modern, with bold additions like steel doors, recessed lighting and a super sleek kitchen. The unique finished product is now on the market asking $4.5 million.
Time to take a look

Distinctive Homes

April 6, 2017

Clever and compact Kammerspiel provides an all-inclusive living unit for studio apartments

By Rebecca Paul

For many city-dwellers, living spaces often comes limited, so much so that it's not uncommon for homes to be referred to as "micro-apartments." German designer Nils Holger Moormann has created Kammerspiel for these tiny abodes, a sleek, all-in-one unit for sleeping, eating, working and storage. This is the largest piece of furniture he's ever engineered, and the purpose of the multi-functional structure is to provide a space-saving solution for people with limited square footage.
see more here

April 6, 2017

30 blocks of Broadway will go car-free on Earth Day; 24 hours of bus and taxi trips

On Saturday, April 22, the city will open up the 30 blocks of Broadway from Union Square to Times Square. [Streetsblog] The world’s most valuable coin, worth over $10 million, is held at the New-York Historical Society. [Untapped] How the poppy came to symbolize WWI. [Smithsonian Mag] Following up on his hypnotizing map of a day’s […]

Uncategorized

April 6, 2017

Rockaway Ferry to take off in May, one month ahead of schedule

Mayor de Blasio announced today that the Citywide Ferry Service, now officially named “NYC Ferry,” will be launching two routes on the first day of May: the new Rockaway Route and the existing East River Route. As DNA Info learned, the Rockaway route takes passengers from the new dock on Beach 108th Street to the Brooklyn Terminal, and then Wall Street’s Pier 11. Expect service on the South Brooklyn Route with stops in Bay Ridge, Sunset Park, Red Hook and Brooklyn Bridge Park to begin on June 1. The Astoria Route will be launched sometime in August and the Lower East Side and Soundview Routes have a launch date set in 2018.
Find out more here

April 6, 2017

Outrageous Bronx mansion built for Jesus’ second coming finally sells

Atop the city's second-highest peak, in Riverdale, the Bronx, this opulent mansion has been beckoning the heavens–and seeking a buyer–since 2009 when it hit the market with an ask of $14 million; As 6sqft previously reported, the 17-room 1home was built in 1928 for an eccentric owner who never actually lived there herself, but rather constructed it for Jesus’ second coming. The house was asking $11 million in 2013 and re-listed with a $10 million price tag in 2015. Welcome2TheBronx reports that the home finally sold for $6,250,000 on January 9th of this year.
Tour this unusual home

April 6, 2017

Fate of Gateway Project and Second Avenue Subway unknown under Trump’s infrastructure plan

Earlier this year, President Trump, a lifelong New Yorker, hired two NY-based developers to head an infrastructure commission, which oversees spending on his proposed $1 trillion plan to improve the country’s bridges and roads. Despite this clear connection to the Big Apple, the president refuses to say whether he will include two major transportation projects for the city, both of which his proposed budget defunds, as the New York Times reported. As of now, Trump has proposed eliminating a program that would build a new train tunnel under the Hudson River and a program which extends the Second Avenue subway in Manhattan to East Harlem.
Find out more

April 6, 2017

Supermodel and philanthropist Petra Němcová sells $3M Tribeca condo with huge terrace

By Annie Doge

Supermodel Petra Němcová first hit it big in 2003 when she appeared on the cover of the Sports Illustrated Swimsuit Issue, but the very next year she made headlines for a very different reason when she survived the Indian Ocean tsunami after holding onto a palm tree branch for eight hours. This inspired her to found the Happy Hearts Fund, which rebuilds schools in areas hit by natural disaster. The nonprofit is headquartered in Hudson Square, so it makes sense that Němcová has been living nearby at 200 Chambers Street in Tribeca. She listed the striking corner unit, which has one of the building's largest private terraces, for $3.5 million in 2016, but the Post now tells us that after a recent price chop to $2,995,000 it's found a buyer.
Check it out

Distinctive Homes

Asking $6.35M, this restored 1804 Tribeca townhouse is one of the last remaining homes from the period

This $4M Park Slope duplex is house-sized, with condo simplicity and outdoor space

For $9M, a Noho penthouse that captures the spirit of the neighborhood's past, and then some

A loft-sized Harlem studio in a former school asks $599K

This $3M Williamsburg home is the rare condo with all of its loft charm intact

$4M Prospect Heights penthouse has three bedrooms, a wraparound terrace, and views in every direction

This $4.5M Sutton Place penthouse has a wraparound terrace and a literary pedigree

This $4.5M Lenox Hill duplex combines pre-war elegance with architectural drama

For $5.5M, a gallerist's Soho loft is the perfect backdrop for your art collection

This $3.5M Noho co-op remembers the origins of loft living

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April 6, 2017

Artist Jamila Hooker’s ‘Foreign Postcards’ project divorces Arabic from fear

On any given Sunday, Jamila Hooker will be in her Harlem apartment with a magic marker in hand, making black swooping marks on postcards that she will mail to dozens, hundreds, thousands of people across the globe. All she wants in return is a photo of the recipient holding the postcard on which she scribed […]

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April 6, 2017

Art Nerd New York’s top event picks for the week – 4/6-4/12

By Lori Zimmer

In a city where hundreds of interesting events occur each week, it can be hard to pick and choose your way to a fulfilling life. Ahead Art Nerd founder Lori Zimmer shares her top picks for 6sqft readers! This week, designer agnes b. teams up with Craig Costello of Krink for a photo show and clothing collaboration, while Ilegal Mezcal presents a new music series to benefit Planned Parenthood. Street artist Swoon presents a series of prints curated by Brooklyn Street Art to benefit her Heliotrope Foundation, and the Cooper-Hewitt Museum opens a show dedicated to the glitzy aesthetics of the Jazz Age. Flemish artist Peter Depelchin makes his American debut in Brooklyn, and Spoke Art opens a massive group show dedicated to David Lynch. Finally, curator Akeem Duncan ponders the concept of "forever," and the Rubin Museum asks visitors to slow down for Slow Art Day.
More on all the best events this way

Events & Things To Do

April 6, 2017

NYC and Mexico City join forces to boost tourism

The uncertain political climate and anti-immigrant rhetoric following Donald Trump’s election caused a drop in tourism to New York from many countries, and notably, from Mexico. In an effort to repair its relationship, New York City and Mexico City renewed a city-to-city partnership this week to foster tourism between the two places. As Crain’s learned, NYC & Company, the city’s official tourism agency, collaborated with Mexico City’s Ministry of Tourism, to share best practices in tourism marketing and provide reciprocal promotional support. In Mexico City, billboards and bus shelters will declare “New York City- Le da la bienvenida al mundo,” which means “welcoming the world.”
Find out more

Policy

April 6, 2017

Rosie O’Donnell checks out $5.75M mod co-op on the Upper West Side

By Annie Doge

It's been two-and-a-half years since Rosie O'Donnell sold her chic Greenwich Village penthouse for $9 million, presumably spending more time at her other home in Nyack. But it looks like she's ready to move back to NYC, as the Post says that she's been house hunting on the Upper West Side. O'Donnell reportedly checked out a $5.75 million spread at the historic artist co-op 27 West 67th Street--part of the West 67th Street Artists’ Colony History District. The ultra-mod duplex is currently owned by internationally famed artist Abby Leigh, whose late husband was Tony-winning “Man of La Mancha” composer Mitch Leigh.
Take a look around

Sale of $79.5M Upper East Side mansion sets new record for Manhattan’s most expensive townhouse

Image via Google Street View

April 6, 2017

Sale of $79.5M Upper East Side mansion sets new record for Manhattan’s most expensive townhouse

Image via Google Street View 6sqft reported in November that the 25,000-square-foot, 41-foot-wide townhouse at 19 East 64th Street belonging to art heir David Wildenstein had gone into contract for $81 million. The sale has closed for $79.5 million–$3,180 a foot–according to public records, setting a new record for Manhattan's priciest townhouse sale; the previous record was held by the Harkness mansion at 4 East 75th Street, which sold for $53 million in 2006. According to The Real Deal, the buyer, listed as 19-21 East 64th Holding LLC, is affiliated with HNA Holdings Group CEO Roy Liao. HNA Holdings Group is also behind the $2.2 billion deal to purchase 245 Park Avenue. The 1930s townhouse is the former home of the Wildenstein gallery.
Find out more

Real Estate Trends

April 5, 2017

Plans revealed for new creative office hub above revamped Downtown Brooklyn Macy’s

Tishman Speyer has released plans for the 422 Fulton Street Macy's renovation that will turn a new 10-story space above the department store into a 620,000 square foot creative office hub called The Wheeler. Reflecting a recent trend in snazzy work spaces that attract TAMI (technology, advertising, media and information) clients, the space will comprise "620,000 square feet of opportunity in the center of downtown Brooklyn," according to the developer. On offer will be the largest floor plates in Brooklyn with 15+ foot ceilings that "leave plenty of room for huge ideas," and a sprawling rooftop terrace, part of an acre of outdoor space that "provides fresh air for fresher thinking." There will also be 130 subterranean bike stations with lockers and showers for workers who bike to work.
Find out more

April 5, 2017

REVEALED: Inside the model residences of Zaha Hadid’s 520 West 28th Street

Just a few days after the first anniversary of Zaha Hadid's death, developer Related Companies has revealed the first look inside the apartments at 520 West 28th Street--the Pritzker Prize-winning architect's first (and possibly only) NYC project. The first is a 4,500-square-foot, $15 million four-bedroom designed by Jennifer Post, combining her signature elegant, minimal aesthetic with Hadid's futuristic, architectural vision. The other is a 1,700-square-foot, $4.9 million unit from West Chin who employs his signature modern style in a way that complements the building's signature curves and organic indoor and outdoor architecture. Both spaces will serve as the building's sales gallery before the anticipated June 2017 move-in.
See all the renderings here

April 5, 2017

Habitat for Humanity will build 48 affordable homes for New Yorkers

In New York City, and the rest of the country, it's becoming increasingly difficult to find affordable housing. To combat this, the Habitat for Humanity NYC announced a plan to build affordable houses for buyers in Brooklyn and Queens. The organization, aimed at constructing quality housing for families in need, will bring 48 units of affordable homes to these boroughs by redeveloping abandoned or foreclosed properties. Since most of these homes have been left vacant for decades, many are run-down and have negatively impacted the surrounding neighborhoods. As Brick Underground learned, the city’s Housing Authority first acquired these properties and then sold them to Habitat for Humanity at $1 each.
Find out more

April 5, 2017

Taxi medallions reach lowest value of the century; Tupac-inspired restaurant popping up this weekend

The American Copper Buildings welcome their first residents. [CityRealty] A taxi medallion sold for $241,000 last week, less than one-fifth of what the tags were going for just four years ago. [NYP] Powamekka Cafe is popping up on the LES this weekend. It’ll be inspired by Tupac Shakur’s own restaurant vision, offer his favorite foods, and […]

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Tom Brady and Gisele looking to upgrade apartments at 70 Vestry Street

By Annie Doge

With deflatgate behind him and another Super Bowl win under his belt, Patriots Quarterback Tom Brady is looking to upgrade apartments. The Post reports that he and supermodel wife Gisele Bündchen may be trading up from the 11th floor spread at Tribeca's 70 Vestry Street they bought for $20 million in August to a $35 million unit on the floor above. Why? The speculation is that Brady wants to be on floor 12, the same number as his jersey. Perhaps it's pure ego or superstition since his jersey was recently stolen after the big game. Either way, the Robert A.M. Stern-designed building won't be complete until next year, so the power couple has some time to make a final Hail Mary.
READ MORE

April 5, 2017

Ralph Lauren closing flagship store amid Fifth Avenue slowdown

Ralph Lauren announced Tuesday that it will close its flagship store on Fifth Avenue and 55th Street, citing falling revenue and rising rents. As reported by the New York Times, the company, which opened this location in 2014, plans to reorganize by investing more in their online stores. Keeping afloat a business on New York City’s most expensive shopping strip is not a problem unique to Ralph Lauren; Kenneth Cole, Juicy Couture, and H&M have also recently closed their doors. Soaring rents, plus a drop in tourism, has lead to an increase in vacant space along Fifth Avenue.
Find out more

Real Estate Trends

April 5, 2017

Robert A.M. Stern will lead the transformation of the historic Belnord into condos

By Diane Pham

The conversion of the historic Belnord into luxury condominiums is moving forward, with the property expected to be brought to market as early as the third quarter of the year. This morning, HFZ Capital announced they have tapped starchitect Robert A.M. Stern to helm the transformation, which would turn approximately 95 rental apartments in the full-block, 1908 building at 225 West 86th Street into fully converted and reimagined apartments. In all, the limestone-and-brick structure currently maintains 213 rental units.
more details here

April 5, 2017

Soho ‘gallery’ showcases cats and dogs up for adoption

“Admit it you want to pet me” reads a sign hanging above a rather luxurious-looking cat-lounge. “I leap tall buildings in a single bound,” adorns a topmost cubby, garnished with a black and white cat. If you want to kick it with some Instagram-worthy cuties this weekend, go no further than Manhattan’s new Pet Adoption […]

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April 5, 2017

Where I Work: Go inside Square Roots’ futuristic shipping container farm in Bed-Stuy

6sqft’s series “Where I Work” takes us into the studios, offices, and off-beat workspaces of New Yorkers across the city. In this installment, we take a tour of the Bed-Stuy urban farm Square Roots. Want to see your business featured here? Get in touch! In a Bed-Stuy parking lot, across from the Marcy Houses (you'll know this as Jay-Z's childhood home) and behind the hulking Pfizer Building, is an urban farming accelerator that's collectively producing the equivalent of a 20-acre farm. An assuming eye may see merely a collection of 10 shipping containers, but inside each of these is a hydroponic, climate-controlled farm growing GMO-free, spray-free, greens--"real food," as Square Roots calls it. The incubator opened just this past November, a response by co-founders Kimbal Musk (Yes, Elon's brother) and Tobias Peggs against the industrial food system as a way to bring local food to urban settings. Each vertical farm is run by its own entrepreneur who runs his or her own sustainable business, selling directly to consumers. 6sqft recently visited Square Roots, went inside entrepreneur Paul Philpott's farm, and chatted with Tobias about the evolution of the company, its larger goals, and how food culture is changing.
Take a tour of Square Roots and get the full story from Tobias

April 5, 2017

City Council proposes half-priced MetroCards for low-income New Yorkers

Although the recent subway and bus fare hike affects all New Yorkers, low-income residents are being especially hard hit by the jump in cost. As a way to ease this financial burden, the City Council has proposed a $50 million pilot program as part of the “Fair Fares” initiative which will provide half-fare MetroCards to New Yorkers living at or below the federal poverty line. As the Daily News learned, transit advocates say nearly 800,000 residents would be eligible for the discount under the full plan.
Find out more here

April 5, 2017

Laguardia Airport expansion could replace jail at Rikers Island, report suggests

On Friday 6sqft reported Mayor Bill De Blasio's announcement that the Rikers Island jail complex will be closed, following a report by the Independent Commission on New York City Criminal Justice and Incarceration Reform. “New York City has always been better than Rikers Island,” said the mayor when he announced the decision. The report also included ideas for the future of a post-jail Rikers. One such idea suggests that the island be used for the expansion of nearby LaGuardia Airport, raising the possibility of a new runway and additional terminal space, according to USA Today. “The Island is uniquely positioned to accommodate an expanded LaGuardia Airport that would reduce delays and could serve as many as 12 million more passengers annually,” the report states.
Find out more

April 5, 2017

City spends nearly $7M a year on 15,000 rarely-used alarm boxes

To date, close to 700 LinkNYC Wifi kiosks have been installed throughout the five boroughs. Among their features are an app that lets users make free calls anywhere in the U.S., as well as a dedicated red 911 button for emergencies. Coupled with the fact that most New Yorkers have cell phones on them, it seems that the city's 14,813 red alarm boxes serve basically no purpose anymore. In fact, as Crain's tells us, last year, the boxes were used only 11,440 times to call the FDNY, which is an average of less than once per box. And, of these calls, only 13 percent were for actual emergencies and just 1.5 percent for fires. But yet, the city spends a whopping $6.8 million annually paying electricians to repair the call boxes and others to paint over graffiti.
What's the deal?

April 5, 2017

Colorful studio right off Central Park West asks just $575K

Snag the Greenest Seat in Town: Gufram's 1972 Pratone Chair is Shaped Like a Patch of Grass

Here's a chance to live right off Central Park West without spending a fortune. This fun, colorful studio has hit the market for $575,000 at The Park Royal, an Upper West Side co-op just a half block from the park. The building, of course, boasts a 24-hour concierge and doorman, and the studio isn't too shabby, either. A wide arched doorway provides separate living spaces and the kitchen was smartly packed away into an alcove. Some creative design allows for a little extra space to spread out, as well.
Peek inside

Distinctive Homes

THE 6SQFT SHOP

The 6 best furniture rental companies in NYC

8 best places in NYC to thrift for home goods

The best websites for buying and selling used furniture in NYC

Everything you need to know about using a guarantor in NYC

15 quintessential NYC gifts for the New Yorker in your life

Raising chickens in NYC: Laws, tips, and everything else you need to know

Everything you need to know about affordable housing: applying, getting in, and staying put

10 best plants for apartment dwellers

New York City's best holiday markets of 2023

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April 4, 2017

This graphic color codes major transit lines in North America

Like New York, Boston's subway system is organized with a different color for each route. Unlike NYC, however, there's no corresponding numbers, so the lines along the T are actually referred to by their respective hues. Which is why Boston resident Ari Ofsevit, a transportation engineering and urban planning graduate student at MIT, found it odd that the Massachusetts Bay Transit Authority didn't use the same colors on their Twitter alerts as were found on their maps and signs. As Next City reported, this inspired him to create a graphic comparing the various colors of 13 major transit lines across the U.S. and Canada.
Find out more

April 4, 2017

Noroof Architects’ Bed-Stuy porcHouse re-imagines the classic American front porch

By Rebecca Paul

"The great American front porch was just there, open and sociable, an unassigned part of the house that belonged to everyone and no one, a place for family and friends to pass the time," said architect Davida Rochlin in her essay "Home, Sweet Home." It was this idea that Brooklyn-based firm Noroof Architects kept in mind when redesigning this 1879 two-story, wood-frame home in Bed-Stuy. It was structurally sound and maintained original details like its covered porch with original cornice and trim, marble mantels, and carved stair balusters, but mechanically required a full gut renovation. To complete their "porcHouse" vision, Noroof added a two-story addition at the rear that they say "creates a kind of ‘interior portico.’"
See the whole place

Architecture And Design

April 4, 2017

Explore the homes of NYC’s notable writers with an audio-narrated tour

Some of the greatest literary giants of all time lived and wrote in New York City. In celebration of the 200th anniversary of HarperCollins, which was founded in NYC, the publishing company created an interactive walking tour map that narrates the history of each author as you walk (h/t DNAinfo). Just a few of the famed Big Apple authors include Harper Lee, Mark Twain, Zora Neale Hurston and Richard Wright.
Find out more

April 4, 2017

Map reveals most lead contaminated water fountains at NYC schools

Initial results from new testing for lead in New York City school water show potentially toxic contamination at dozens of schools. However, city officials insist that all unsafe water is taken off-line. As a response to the water crises in Flint, Michigan, and Newark, New Jersey, the city announced in December that it would test and continue […]

Uncategorized

April 4, 2017

‘World’s first’ avocado bar headed to Brooklyn; take a helicopter to house hunt in the Hamptons

It was inevitable–Industry City is getting an avocado bar that’ll serve toasts, salads, bowls and smoothies. [Gothamist] New Yorkers share their love of athleisure. [Business Insider] Meet the 21-year-old NYU student running for City Council. [NYP] Corcoran teamed up with helicopter company BLADE to fly prospective renters out to the Hamptons to look at properties. […]

Uncategorized

April 4, 2017

An upscale renovation transformed this $3.75M Williamsburg loft with a dramatic wall of glass

Gritty artist loft this is not--a high-end renovation for this pad in the Mill Building, located at 85-101 North 3rd Street in Williamsburg, left it feeling more like a luxury condo. (The $3.75 million price tag, too, befits a luxury listing.) While the former warehouse's exposed wood ceiling beams remain, new additions include a fancy kitchen with marble finishes, custom push button light switches throughout, and a sleek, glass-walled office space.
Check it out

Distinctive Homes

April 4, 2017

Trump buildings rank as some of the biggest polluters in NYC

With a federal budget proposal that strips significant funding to the Environmental Protection Agency, it’s not so shocking that President Trump and his son-in-law and close adviser, Jared Kushner, both own buildings that rank as the least energy-efficient in New York City. The Daily News shared a new report from ALIGN, a coalition of labor and environmental activists, which found that Trump Tower uses more energy than 93 percent of the city’s large residential buildings. Worse, the Trump Organization's Mayfair condo uses more than 98 percent. The report also revealed that a Kushner Companies' 666 Fifth Avenue (controversial for even more reasons as of late) uses more energy than 85 percent of large office buildings.
See the report here

Policy

April 4, 2017

The 10 best neighborhoods for New York City artists

Like most things in New York, creative communities come and ago as new development and rising rents force artists to move on to the next best, or cheaper neighborhood. While 6sqft found 'hoods like the Upper East Side, Harlem and Long Island City to be the best places for artists a few years back, we've updated our top-10 list to reflect the changing times. Ahead you'll find some areas you may expect--Sunset Park and Bushwick, for example, along with more up-and-coming artsy enclaves like Newark, Washington Heights, and the South Bronx.
The full list right this way

Massive high-rise complex with 900 apartments, retail, offices and schools coming to Downtown Brooklyn

View south down Flatbush Avenue

April 4, 2017

Massive high-rise complex with 900 apartments, retail, offices and schools coming to Downtown Brooklyn

Alloy Development announced plans to build a pair of towers at 80 Flatbush Avenue, a 61,000-square-foot parcel of land between Flatbush Avenue, Schermerhorn Street, Third Avenue and State Street. The developer–who, with the Department of Education, owns the land–has been selected by the city’s Educational Construction Fund to build the mixed-use complex as part of the redevelopment of the Khalil Gibran International Academy, which will move into one of the two new school buildings that will be part of the project. The second of the two will be a 350-seat elementary school. The project will also offer 900 apartments (200 of which will be affordable), a 15,000-square-foot cultural facility, 200,000 square feet of office space and 40,000 square feet of retail space.
Find out more about what's coming to the neighborhood

April 4, 2017

MTA Board officially approves 15-month shutdown of L train

It’s official. The Metropolitan Transit Authority board voted to approve a 15-month shutdown of the L train on Monday, instead of the originally proposed 18 months. The Board also awarded a $477 million contract to Judlau Contracting and TC Electric, who will responsible for repairing the train’s Canarsie Tunnel, which suffered severe flooding damage after Hurricane Sandy (h/t WSJ). The planned shutdown is set to begin in April 2019 and cuts all L train service between Bedford Avenue in Williamsburg and Eighth Avenue in Manhattan.
Find out more

April 4, 2017

This $499K East Village co-op serves up modern rustic and cozy chic

Though it shares a neighborhood with celebrities and models, this charming East Village flat at 633 East 11th Street may not break the bank at $499,000. The sunny one-bedroom home boasts historic details like stained glass pocket doors, exposed brick, original moldings and high ceilings, with custom contemporary updates in the kitchen and bath. Its classic railroad layout—the bath is at one end of the apartment, behind the bedroom—is definitely best for one or a cozy couple.
C'mon in

Distinctive Homes

April 3, 2017

Track the cherry blossoms at the New York and Brooklyn Botanical Gardens

After getting through the see-sawing weather of March, spring seems to have finally sprung in New York. To fully experience the changing seasons, check out these cherry blossom trackers from both the Brooklyn Botanical Garden and the New York Botanical Garden. Right now, more blossoms can be spotted in Brooklyn, with the first flowers appearing last Wednesday.
Find out more here

City Living

April 3, 2017

FREE RENT: Roundup of NYC’s latest rental concessions

By Ondel Hylton

Andre Kikoski-Designed Apartments in Chelsea Offer One Month Free & Discounted Deposits [link] Upscale Rentals in a Landmarked Building Offering Two Months Free [link] Hoboken’s New Rental 600 Harrison Now Leasing Spacious 1 to 3 Bedroom Apartments [link] Inspired Rentals at Leonard Pointe in Williamsburg Offering One Month of Free Rent [link] New Two-Bedroom Brooklyn […]

Real Estate Trends

April 3, 2017

$2.4M waterfront home in Mill Basin has its own pool, dock and jet ski ramp

Water lovers should fall in love with this freestanding home up for sale in Mill Basin, a neighborhood of South Brooklyn. Located at 2406 National Drive, it is directly off a deck with access to a boat slip, jet ski ramp and storage room. On top of that, the home has its very own built-in pool and hot tub. The 3,048-square-foot house, which holds a total of three bedrooms and two-and-two-half bathrooms, is now on the market for $2.395 million.
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Distinctive Homes

Update 4/4/2017: 6sqft has been informed that Kara Mann’s design will likely not move forward because of changes with the development team. We will provide additional updates as we receive them.

April 3, 2017

First look at the iconic Hotel Chelsea’s glamorous interior renovation

By Rebecca Paul

While there's no shortage of hotels to visit in New York City, some are more worthy of the trip than others, and the restored Hotel Chelsea will certainly be one of them when it reopens in 2018. The renovation of this famous hotel—known since the 1960s as a haven for artists, writers, and musicians, housing famous tenants including Bob Dylan, Stanley Kubrick, Jasper Johns, Patty Smith, Dylan Thomas and Leonard Cohen—has been in the works since 2011, with lots of drama, ultimately finding some direction following a $250M purchase by Richard Born and Ira Drukier of BD Hotels and hotelier Sean MacPherson, last year. Following the sale, the new owners announced they would redevelop the property as a hotel and condos, departing from previous plans of simply converting the structure into a high-end hotel. Now, with its re-opening just around the corner, the first few images of the glamorous new interiors designed by Kara Mann have emerged.
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April 3, 2017

More people are leaving NYC than anywhere in the U.S.; the downfall of Le Cirque

The number of red-tailed hawks in Manhattan has increased to 15 from just three in 2006. [WSJ] More than one million people moved out of the New York area to other parts of the country since 2010, more than any other major metropolitan area. [NYP] What if we returned Riker’s Island to its natural state? [Untapped] The […]

Uncategorized

April 3, 2017

De Blasio announces Rikers Island will close

The Rikers Island jail complex will be closed, New York Mayor Bill de Blasio announced on Friday afternoon. “New York City has always been better than Rikers Island. I am proud to chart a course for our city that lives up to this reality,” de Blasio said. “Our success in reducing crime and reforming our […]

Uncategorized

April 3, 2017

A skyscraper may be built on top of Lord & Taylor’s Fifth Avenue flagship

The 103-year-old landmarked Lord & Taylor flagship store at 424 Fifth Avenue may be getting a luxurious makeover. As the New York Post learned, the speculative project includes constructing a steel-and-glass skyscraper and redeveloping the building into an office and residential tower, keeping the 11-story department store as the base. Sources tell the Post that NYC property executive Richard Baker, who acquired Lord & Taylor in 2008, is behind the development talks. And though few details are known, "real estate insiders" point out that nearby towers rise as high as 60 stories.
Find out more here

New Developments

720 West End Avenue

Upper West Side

Serene Upper West Side homes near Riverside Park

1 beds starting at $1,005,000
2 beds starting at $2,495,000
3 beds starting at $3,495,000
4 beds starting at $5,850,000

Learn More

April 3, 2017

Alexis Bittar, Clara Sunwoo ink leases at Industry City, bringing total fashion space to 350,000+ square feet

There's been much talk in the past couple months about the city's push to drive the fashion industry from its long-time home in the Garment District to new, lower-cost space in Sunset Park. The new, $136 million, 200,000-square-foot "Made in NYC Campus" has become synonymous with the shift, but the adjacent Industry City mega-development has been at the forefront since even beforeBelvedere Capital and Jamestown Properties took over in 2013. With tenants such as the Gap, Bauble Bar, and Rag & Bone, they've now announced that internationally known jewelry company Alexis Bittar will lease an additional 10,000 square feet (they already have 17,000), and a source tells us that women's apparel label Clara Sunwoo is leasing 14,000 square feet of space, moving completely from the Garment District. This brings Industry City's total space leased to fashion companies to 350,000 square feet, more than 200,000 of which is manufacturing space.
READ MORE

Real Estate Trends

April 3, 2017

Dumbo Clock Tower penthouse finally sells for $15M, is borough’s priciest condo ever sold

And just like that, the record for the most expensive condo ever sold in Brooklyn has been broken. A triplex penthouse at 1 Main Street, atop the Clock Tower building in Dumbo, sold for $15 million, beating out a unit at Brooklyn Bridge Park’s Pierhouse that closed for nearly $10.6 million just last month. As the New York Post reported, the historic unit had a hard time finding a buyer; it sat on the market for nearly six years, switched brokerages and chopping its price tag several times.
See the iconic Clock Tower here

Real Estate Trends

Queens Astoria Cove waterfront site on the market for $350 million ahead of expected 421-a renewal

Image courtesy of STUDIO V Architecture

April 3, 2017

Queens Astoria Cove waterfront site on the market for $350 million ahead of expected 421-a renewal

A 2.2 million-square-foot mixed-use development site known as Astoria Cove, on nearly nine acres along the East River in Astoria, is seeking a buyer, asking $350 million, Crain's reports. The site hit the market in mid-March in anticipation of the reinstatement of the 421-a affordable housing tax credit program that had languished since its expiration over a year ago amid debates between the Real Estate Board of New York (REBNY) and unions on whether to require higher wages in certain cases. Alma Realty Corp. hired Cushman & Wakefield investment company to market the site; according to sales executive Bob Knakal, "We wouldn't have hit the market with Astoria Cove in the past 16 months because of the uncertainty around 421-a, but there's been a sense of optimism in recent weeks that 421-a will be back and with it, the land market will strengthen."
Find out more

April 3, 2017

11 New York-based firms bid to build Trump’s border wall

Despite the fact that Donald Trump received only 18 percent of presidential votes citywide, he's getting a surprising show of NYC support when it comes to his $20 billion border wall. Crain's reports that 11 New York-based firms, including contractors, architects, and "little-known small businesses," have expressed interest in the project, seemingly undeterred by legislation proposed last month that would bar the city from signing contracts with companies involved in the wall. Though some of these applicants support Trump's true intentions, others have taken a more creative approach, using the submission process as a way to support immigration and co-existence.
Hear from four of the applicants about their proposals and stances

Policy

April 3, 2017

$4.75M Soho loft in an artists’ co-op is authentic but not outdated