6sqft | NYC local news, events, and apartments

Considering that the world's population can fit inside New York City, it's easy to believe that our great metropolis is the biggest city around. But is that actually true? A fun new mapping series from storage site SpareFoot takes an overlay of NYC's footprint and places it over other major cities, countries, and landmarks from the around the world. The visuals are helpful in seeing how easily we can misrepresent size in our heads. For example, as SpareFoot notes, "New York's 8.4 million residents make it the 21st most populous city in the world (when measuring within the city limits) and of course first in the United States. By area, the 305 square miles of land delineated by its city limits make it the 24th largest city in the US by land area." And internationally, it doesn't even make the list of top 250 largest cities by land, reports Gothamist. Just look at London--it's nearly twice the size of New York. Yet Boston and San Francisco are about 1/6 the size of NYC.
See how NYC stacks up to the competition here

City Living

April 24, 2015

Brooklyn’s Historic Tracy Mansion to be Turned Into Condos; Sinatra’s Former Penthouse Sells for $5M

The historic Tracy Mansion will be carved into seven residential units. [TRD] Frank Sinatra’s former UES penthouse has sold for $5 million. [WSJ] Norman Foster’s new building at 100 East 53rd Street is on the rise. [A Fine Blog] Turns out 190 Bowery’s graffiti isn’t safe after all. The ground floor tenant will have the […]

Real Estate Trends

EVENT: FDNY to Mark Its 150th Anniversary with Citywide Firehouse Tour!

Engine 33 via Eric on Flickr

April 24, 2015

EVENT: FDNY to Mark Its 150th Anniversary with Citywide Firehouse Tour!

Firehouses represent some of the most beautiful architecture in New York City, and now instead of just peeking inside through the windows (or ogling the FDNY calendar) you'll have the chance to get up close and personal with these firehouses (and maybe even some of the calendar models). To mark its 150th anniversary, the FDNY is hosting a citywide open house on Saturday, May 2nd where the public will be welcomed inside.
Find out more here

April 24, 2015

Infographic: Here’s NYC’s Immigration Patterns over 387 Years

We often talk about specific neighborhoods' immigration history–Little Germany in the East Village, El Barrio in East Harlem, or the capital of Jewish America on the Lower East Side. But when we look at the city as a whole, there's been some pretty interesting immigration patterns over its nearly-400-year history. To visualize this timeline, the data gurus over at Metrocosm have put together an interactive infographic that shows the change in these immigration waves from 1626 to 2013 and how they relate to world events regarding these given countries.
READ MORE

April 24, 2015

Vasily Klyukin’s ‘Top Sexy’ Skyscraper Concept Shows Some Serious Leg

Just when you thought skyscraper design couldn't get any more out there, Vasily Klyukin's vision for a FiDi tower blows even the tallest of towers out of the water. Unquestionably a very eye-catching and provocative—if not downright weird—design, Klyukin's "Top Sexy Tower" concept is inspired by the stems of fashion models who can be found stomping across the streets of Manhattan.
Find out more, plus other photos here

Architecture And Design

April 24, 2015

Floridians Pay $8.5M a Year in NYC Parking Tickets; New York’s Biggest Import Is Diamonds

Here’s five subway lines New York hasn’t built but should. [CityLab] The Tenement Museum is crowdfunding to preserve and repair its building at 97 Orchard Street. [Bowery Boogie] Floridians pay the most in NYC parking tickets outside of the Northeast. Those from Wyoming pay the least. See how much each state, and some countries, pay per year. [I Quant NY] Map […]

Uncategorized

April 24, 2015

Lofty Greenwich Village Condo Offers Plenty of Space to Show Off Your Art

By Emily Nonko

This is not your artsy Greenwich Village apartment of the beatnik era. The condo at 29 East 10th Street, which takes up the entire second floor, is more along the lines of "luxury loft living." It has been renovated with custom lighting and exposed brickwork to accommodate the seller's impressive, sometimes kooky, art collection. And it seems like unique design is a trend of the building, which is a former 19th century feather factory. Last year an impressive condo hit the market here asking $14.995 million. This new apartment is asking significantly less, priced at $3.95 million.
See more of the interior photos here

April 23, 2015

EXCLUSIVE PHOTOS: Take a Tour Inside the Brand New Whitney Museum!

May 1st will mark a new era for the Whitney when its brand new home along the High Line swings its doors open to the public for the first time. A project that has been decades in the making, the $422 million structure designed by Renzo Piano is a game changer for a museum that had long outgrown its Upper East Side space. Boasting a whopping 220,000 square feet of column-free spaces, this glass and steel behemoth is a dynamic assemblage of shapes and angles, and perfectly outfitted to host the Whitney Museum's 22,000 works and then some. Though the museum won't officially open for another few days, this morning 6sqft joined a trove of celebrants at the pre-opening preview of the new High Line-hugging masterpiece. Take an exclusive photo tour with us inside ahead.
All the photos here

Distinctive Homes

Asking $20M, a university president's Greenwich Village residence enters a new chapter

This $7M limestone townhouse brings restored Park Slope perfection to historic beauty

For $665K, this little upstate home is the answer to your log cabin fantasies

Take the elevator from the gym and English garden to the roof terrace in this $13.5M UES townhouse

This new $14.75M Cobble Hill townhouse looks like it's been standing for a century

For $2.95M, this parlor floor Chelsea co-op has brownstone charm and a private terrace

Yorkville duplex has five balconies, floor-to-ceiling windows, and a philanthropic tie for $6.5M

A fashion designer's cozy converted 1920s barn in upstate NY asks $2.9M

This $3.2M waterfront house on the Hudson in Edgewater, NJ, would be right at home in Malibu

Double turreted condo in a Central Park West castle is a quirky NYC dream home for $10.5M

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Art Nerd New York’s Top Event Picks for the Week, 4/23-4/28

Image: Sakura Matsuri at the BK Botanical Garden by Liz Ligon

April 23, 2015

Art Nerd New York’s Top Event Picks for the Week, 4/23-4/28

By Lori Zimmer

In a city where hundreds of interesting happenings occur each week, it can be hard to pick and choose your way to a fulfilling life. Art Nerd‘s philosophy is a combination of observation, participation, education and of course a party to create the ultimate well-rounded week. Jump ahead for ArtNerd founder Lori Zimmer’s top picks for 6sqft readers, beginning tonight! Spring means another week of great events, kicking off with one of my own at the fabulous historic Roger Smith Hotel. This week, spend 12 hours celebrating philosophy, shop the best in home design for a cause, enjoy the authentic Lower East Side, or let art save your soul at the Rubin Museum. You can also celebrate spring Japanese style at the Brooklyn Botanical Garden, take a selfie at Rockefeller Center, or school yourself at the Guggenheim.
All the best events here

April 23, 2015

Reality Star Bethenny Frankel Revealed as Buyer of $4.2M Soho Loft

By Annie Doge

If you've been following the roller coaster that is reality television star Bethenny Frankel's life, you know that she started out as a single, struggling entrepreneur on "Real Housewives of New York City." She then launched the Skinny Girl margarita, sold the brand to Jim Beam for a reported $120 million, got married and had a daughter, filed for divorced, and rejoined the Housewives. On the recent season of the show, she considers herself "the richest homeless person in Manhattan," as her ex-husband stayed in their $5 million Tribeca apartment at 195 Hudson Street. We think Frankel's use of the word "homeless" is a little ridiculous considering she was splitting her time between lavish Hamptons rentals and high-end Manhattan hotels, but the Daily News has revealed that the Skinny Girl is actually the owner of apartment 2D at 22 Mercer Street in Soho. A nomad no more, Frankel is waiting to move into the gorgeous loft, which she bought about seven months ago for $4.2 million, until renovations are complete. But judging by the photos of the home, we can't imagine there'd be that much to change.
Take a look around here

April 23, 2015

Billionaire Wins Deposit Back After Ditched Penthouse Purchase; LGA’s $4B Revamp Could Be Delayed Again

A billionaire who canceled his purchase of a $27.5M penthouse at 1107 Fifth Avenue—which also happens to be NYC’s first-ever penthouse—will get his $2.75M deposit refunded to him. Carlos Rodriguez Pastor didn’t want to share his terrace with neighbors in the building. [NYDN] If the Port Authority of New York and New Jersey doesn’t pick a winning […]

Real Estate Trends

United Nations Tower Has Floating Wrap-Around Gardens, Will Be New World’s Skinniest Tower

Renderings via ODA

April 23, 2015

United Nations Tower Has Floating Wrap-Around Gardens, Will Be New World’s Skinniest Tower

Just last month, Perkins + Will announced a new 65-story, 700-foot, pencil-thin tower coming to 37th Street. But it wasn't the height or slender design that got our attention; it was the sky-high gardens, five clusters of shared amenity and park spaces located at specific intervals on the building. Now, this project will be joined by another urban garden wonder near the United Nations. The Daily News reveals today renderings from ODA Architects of a super-skinny, 41-story, 600-foot skyscraper at 303 East 44th Street that will feature "six 16-foot-high gaps in the façade — each filled with a full-floor, canopied green space that will wrap around the core of the tower." These floating gardens will occupy the 2,600-square-foot floor plates, which are far smaller than the 4,800-square-foot floor plates at 111 West 57th Street, which has therefore lost its title of will-be world's skinniest tower.
More details ahead

April 23, 2015

A Clawfoot Tub Resides in the Middle of This $2.7M Soho Loft’s Bedroom

Oh how we love Soho’s Cast Iron District. Its cobblestone streets and classic facades set the stage so beautifully for the lofts within. Wide open floor plans showered with an abundance of natural light courtesy of big, bold windows. Soaring 12-foot ceilings and original cast iron columns scattered about serving as a lovely reminder of the area’s industrial roots. And the 1,800-square-foot residence at 19 Greene Street is no exception—plus it comes with a little something extra for its $2.7M price tag: an unusually placed clawfoot tub in the home’s sleeping quarters. Though we’ve written about showers and bathtubs in kitchens (and scratched our heads at the thought), the current owner of this loft just might be on to something. How nice would it be to take a long, luxurious soak and then slip into bed for the evening? Of course, if the virtually wall-less layout leaves you feeling a bit too exposed, you can always avail yourself of the rain shower in the more traditional bathroom.
See more of this classic Soho loft

Distinctive Homes

April 23, 2015

What to do During Lower East Side History Month; Number of NYC Cyclists Tripled over Past Ten Years

There’s a $10 million precious stone hidden in plain sight at Grand Central. [Business Insider] Grand Central also used to have its own movie theater. [Gothamist] Lower East Side History Month kicks off in May. Here’s a list of all the events, including exhibits, walking tours, film screenings, and more. [The Lo-Down] If you’re looking […]

Uncategorized

April 23, 2015

Architectural Saviors: NYC Landmarks Saved from Destruction

Yesterday we rounded up some of the most heinous crimes committed against architecture in New York City, but today we're taking a look at the sunnier side of things. Our list of architectural saviors includes sites saved from the wrecking ball, as well as those that have remained intact and been adaptively reused. And with city-wide preservationists celebrating this year's 50th anniversary of the landmarks law, what better time to take a look back?
View our list of architectural saviors

April 23, 2015

One New York Passerby a Month Is Injured from Construction Work

After last month's construction accident at the Greenwich Lane site in the Village, in which a piece of flying plywood killed a young woman named Tina Nguyen who was just walking by, the Wall Street Journal investigated construction injuries to passersby (not construction workers). Their analysis of Department of Buildings data shows that on average one passerby per month is injured at a New York City construction site. According to the paper, "From 2008 through 2014, there were 96 construction accidents involving pedestrians and other passersby in New York City, resulting in 155 injuries. More than three-quarters of the accidents took place in Manhattan."
More details ahead

City Living

April 23, 2015

$5.2M Retro-Glam Tribeca Duplex Is a True Labor of Love

It's already a brag-worthy feat to own an apartment that was designed by an award-winning architect, but it's even more brag-worthy to own one that was lovingly designed by that architect for her very own sister and her family. That's why when we tell you that this 2,783-square-foot Tribeca pad in the landmarked Sugar Warehouse condominium is a gem, we mean it. The retro glam duplex loft was a collaboration between designer Stacey Ruhle Kliesch, her mother Louise Ruhle, and her sister, the homeowner, Stephanie Ruhle Hubbard. That's right, even Mom was involved. So you know that every nook and cranny of this $5.2 million duplex loft was lovingly tended to.
More pics inside

Distinctive Homes

Subway Rent Map Shows Manhattan Rental Prices Along Each Train Line

The folks over at Thrillist have put together the fun new Manhattan Subway Rent Map, which shows "where you can't afford to live, by stop." The figures come from the median rent per bedroom near every Manhattan subway stop. For the most part, the trends are what you'd expect -- prices along the 4, 5, 6 line get incredibly lower above 96th Street; living near a 14th Street train station will cost you; and the A, C, E train carries pretty steep prices throughout Manhattan until you reach 125th Street. But what's interesting is that the 59th Street corridor reigns supreme, with prices across the board coming in around $2,800.
See the full map here

April 22, 2015

Crimes Against Architecture: Treasured NYC Landmarks Purposely Destroyed or Damaged

At Monday's MCNY symposium “Redefining Preservation for the 21st Century,” starchitect Robert A.M. Stern lamented about 2 Columbus Circle and its renovation that rendered it completely unrecognizable. What Stern saw as a modernist architectural wonder, notable for its esthetics, cultural importance (it was built to challenge MoMA and the prevailing architectural style at the time), and history (the building originally served as a museum for the art collection of Huntington Hartford), others saw as a hulking grey slab. Despite the efforts of Stern and others to have the building landmarked, it was ultimately altered completely. This story is not unique; there are plenty of worthy historic buildings in New York City that have been heavily changed, let to fall into disrepair, or altogether demolished. And in many of these cases, the general public realized their significance only after they were destroyed. In honor of the 50th anniversary of the NYC landmarks law, we've rounded up some of the most cringe-worthy crimes committed against architecture.
Check out our list right here

April 22, 2015

Living Green: Mapping NYC’s Newest LEED Rated Residential Constructions

Happy Earth Day, friends! As climate change weighs heavy on many of our minds, it’s relief to know that there are developers and architects working hard to create a healthier, more sustainable built environment. Eco-friendly residential design has been on the rise in NYC over the last decade, with buildings today boasting everything from solar panels to greywater […]

April 22, 2015

S. Bronx Next ‘It’ Area According to Experts; Liam Gallagher Slashes Price of His Essex House Pad

More and more hipsters are flocking to South Bronx. Real estate experts are eyeing it as the next big thing. [DNA Info] We’re not sure why leopard print walls would be a hard sell, but Oasis singer Liam Gallagher has cut the price his Central Park South pad to $3.1 million, down from $4 million. […]

Real Estate Trends

April 22, 2015

Hexagonal Hamptons Beach Bungalow Has Quirky Checkered Floors and Beamed Ceilings

It's not all Real Housewives of NYC and mega-mansions out on the Hamptons. In fact, one of the cutest houses on the island (in our humble opinion) is on the market for just $595,000. Located in East Hampton at 73 Waterhole Road, this beach bungalow stands out on the exterior for its charming hexagonal shape and on the interior for its funky hand-painted checkered floors and rustic cedar beamed ceilings. And if that wasn't enough, the house sits on a large lot adjacent to a preserve and near a private residents-only beach and marina.
See more here

April 22, 2015

Stuyvesant Heights Townhouse Offers Three Kinds of ‘Green’ for $1.45M

This multi-family townhouse at 633 Macdonough Street in Stuyvesant Heights is an exquisite combination of high-end renovations and beautifully restored details—and green in more ways than one. Fully renovated in 2011 and impeccably maintained, this three-story home features a new EPDM roof with an environmentally-friendly solar array (green #1), an income-producing rental on the top floor (green #2), and your very own garden (green #3).
See more of this very green home

Distinctive Homes

April 22, 2015

Giant Hello Kitty Sculpture Coming to Midtown; NYC Is a Good Place for the 65+ Crowd

Data shows that taxi drivers are costing commuters money when making trips to LaGuardia. [Value Penguin] A nine-foot Hello Kitty Time Capsule is coming to Dag Hammarskjold Plaza. The translucent sculpture will get filled with people’s memories. [Untapped] Take a ride on one of NYC’s tugboats, which are making a comeback in marine freight towing. [Animal] How Earth Day […]

Uncategorized

April 22, 2015

Park Slope’s Iconic Pavilion Theater to Be Demolished for a Morris Adjmi-Designed Residential Project

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

Back in December we revealed that Park Slope's iconic Pavilion Theater may be going residential after scoping out renderings on the website of architecture firm Architecture Outfit, which showed two possible schemes. The first was a six-story residential building rising behind the theater’s sublime Moorish façade and from a neighboring lot just south of the theater, and the second was a plan that preserved the theater in its entirety, limiting construction to the neighboring lot. Now, The Real Deal reports that Hidrock Realty, who bought the theater in 2006 for $16 million, has officially filed plans to build a six-story, 24-unit building on the site at 188 Prospect Park West, replacing the theater. And the architect of record is none other than Morris Adjmi, well known for his ability to create structures that seamlessly blend with their historic surroundings while still displaying subtle, modern touches. But since the theater is part of the Park Slope Historic District, this plan will likely not be so cut-and-dried.
More details on the project ahead

New Developments

THE 6SQFT SHOP

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New York City's best holiday markets of 2023

15 quintessential NYC gifts for the New Yorker in your life

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

10 Ways to Decorate an Exposed Brick Wall Without Drilling

10 Great Places to Buy Affordable Art in New York City

VIEW ALL

April 22, 2015

Live in This Modern Medieval Marvel for $6,200/Month

If you prefer medieval architecture, consider this three-bedroom Morningside Heights unit at the Brittania, available for $6,200 a month. The layout of this apartment is referred to as a "classic seven," referring to a popular style in pre-1940s New York that included three bedrooms, a formal dining room, and a separate maid's room. The condo also has original details like wood floors, crown molding, and cathedral ceilings.
More pics inside

Distinctive Homes

April 21, 2015

City’s First Micro-Apartment Project ‘MY Micro NY’ Ready for Stacking

By Ondel Hylton

Just in time for Earth Day, New York's first micro-unit apartment building, dubbed My Micro NY, is entering its final construction phase. When finished later this year, urbanites will have a chance to live within the center of the city in a brand new building flush with amenities, all for under $3,000. Developed by Monadnock Development and the NYC Department of Housing Preservation and Development, the soon-to-be-nine-story structure wrapped up foundation work this past winter, and a one-story steel platform is ready to receive 55 modular units. The units are currently being built off-site at the Brooklyn Navy Yard by a team of 50 workers. In late May, the units will be shipped to the Gramercy Park lot at 335 East 27th Street where they will be stacked and bolted together along with stairs, an elevator, and other shared spaces.
More details ahead

St. Patrick’s Cathedral Reveals $177M Restoration, Now What?

The restored façade of St. Patrick’s Cathedral © 6sqft

April 21, 2015

St. Patrick’s Cathedral Reveals $177M Restoration, Now What?

By Penelope Bareau

"Is that St. Patrick's Cathedral?" asked the passerby. "Yes. It's just been cleaned." "So that's why I didn't recognize it. I was looking for something gray." To the pleasure of all, St. Pat's has emerged from its cocoon and it is brilliant to behold. Scaffolding is still up inside the cathedral, sharing the space with worshippers; and work may go on through the rest of this year. It is an enormous building, after all, occuping a full city block between 50th and 51st Street, and Fifth and Madison Avenues. On the outside the building was always impressive; now it is magnificent. It makes one think of the panoply and power of the Church, stately processions, gorgeous robes, bejeweled crosses and cardinals' rings, incantations of the priests and congregation extolling the glory of God. It also makes one think of the cost—$177 million—and wonder how far that money would go to aid the poor and feed the hungry of the earth, traditional missions of Christianity. Not very far, maybe, since world hunger is not assuaged by one meal. But to be a glittering promise of sublime afterlife for millions—that is conceivably worth it.
What's next for St. Patrick's?

Uncategorized

April 21, 2015

Asking Double Its 2012 Price, Brooding West Village Townhouse Features a Two-Story Wall of Glass

Every now and then a Cool Listing comes along that is so spectacular we find ourselves at a loss for words. Well, not today. That’s because there’s so much to share about this incredibly sumptuous home at 75 Bedford Street in the West Village we’re afraid we’ll run out of room! Let’s start with those responsible for our enthusiasm–namely, M.N. Ahari, architect for the recent renovation, and interior designer Fernando Santangelo, the genius behind one of Hollywood’s havens for the rich-and-famous, the Chateau Marmont, who transformed this historic townhouse from an all-white Zen oasis into a brooding bachelor pad for his friend James Oakley, a filmmaker who originally hails from Tennessee. Oakley, whose stepfather owns the Cleveland Browns, bought the home in 2012 for $5.8 million, but after the extensive renovation he's now looking to unload the residence for $12.5 million.
See why there's so much to talk about

Distinctive Homes

April 21, 2015

Charming ‘Back House’ Apartment Is a Tiny Treasure in the West Village

The cool thing about tiny living spaces is how it makes you so aware of all the wasted space you have in your own home. This micro apartment at 340A West 11th Street makes the most of every inch of its usable space, and if storage is key, then this pad has the combination. We think you’ll quickly see that inside this red brick “back house” less really is more.
More pics inside

Distinctive Homes

April 21, 2015

The Times Critiques the Design of the New Whitney; Gorgeous Four on Degraw Townhouses Listed

Architecture critic Michael Kimmelman reviews Renzo Piano’s design of the Whitney Museum. [NYT] Visualizing Manhattan’s income inequality in two charts. [The Atlantic] Writer and 6sqft contributor, Emily Nonko launches The Bed-Stuy Blog. [The Bed-Stuy Blog] 20 NYC institutions shuttered by rent hikes. [Curbed] The remaining three townhouses at the new development Four on Degraw in Boerum Hill, have hit […]

Real Estate Trends

First Look at MCNY’s New Exhibit ‘Saving Place: Fifty Years of New York City Landmarks’

The exhibit’s title image © Iwan Baan for the Museum of the City of New York

April 21, 2015

First Look at MCNY’s New Exhibit ‘Saving Place: Fifty Years of New York City Landmarks’

Last night we attended the Museum of the City of New York's symposium, "Redefining Preservation for the 21st Century," which explored the challenges and the opportunities of the preservation movement today and in the future. The event included such distinguished speakers as New York Times architecture critic Michael Kimmelman, starchitect Robert A.M. Stern, preservation guru Roberta Gratz, and president of the Real Estate Board of New York Steven Spinola (needless to say, it was quite the lively discussion), and it kicked off the opening of the museum's exciting new exhibit "Saving Place: Fifty Years of New York City Landmarks," which marks the 50th anniversary of the landmarks law in NYC. As part of the symposium we got a first look at the exhibit, which opens to the public today.
Check out Saving Place here

Events & Things To Do

The World’s Largest Picasso Finds a New Home in the City

Image: New York Landmarks Conservancy

April 21, 2015

The World’s Largest Picasso Finds a New Home in the City

After living in art world limbo for more than a year, Pablo Picasso's largest creation has finally found a new home in the city. The 20-by-19-foot painting, called Le Tricorne, has been moved to the New-York Historical Society site along Central Park West, and will be available for your viewing pleasure starting May 29th.
More on the painting

Events & Things To Do

The Rise of Single People Hurts Affordable Housing

Photo: Barry Pousman

April 21, 2015

The Rise of Single People Hurts Affordable Housing

NYC's affordable housing crisis makes headlines daily, but while most are quick to point to the exploitation and mismanagement of existing apartments as the root of the cause (which to a great degree it most certainly is), the Washington Posts asks us to consider the effect single folks have on a city's housing inventory. Today, more and more folks are living longer and marrying later (if at all), and living alone at any given age no longer carries the stigma it once did decades ago. 26 percent of modern American households consist of just one person now, compared to the 1940s when this number topped out at just seven percent. While this dynamic shift seems more like a cause for celebration (yay, we're evolving and defying convention) it does have some serious implications when it comes to available housing. "Our housing stock wasn't built for a society full of singles," says reporter Emily Badger.
more on the issue here

April 21, 2015

New York Times Invents a Conference Table That Takes Notes for You; The Ramones Guide to NYC

When hip-hop first went corporate: to rappers in the early ’90s, starring in a malt liquor commercial “was a sign of cultural legitimacy and upward mobility.” [The Atlantic] The New York Times has invented the Listening Table, a conference table that not only transcribes meetings, but knows when they’re important. [Fast Co. Design] From a small […]

Uncategorized

NYC Apartments a Better Investment than Gold, Says Expert

A midtown apartment filled with modern art designed by Robert Couturier

April 21, 2015

NYC Apartments a Better Investment than Gold, Says Expert

Laurence D. Fink, chairman of Blackrock Inc., the world’s biggest asset manager, said at a conference today in Singapore that luxury apartments in cities like New York, as well as modern art, have trumped gold as a store of wealth. According to Bloomberg, Fink said, "Gold has lost its luster and there’s other mechanisms in which you can store wealth that are inflation-adjusted...The two greatest stores of wealth internationally today is contemporary art... and I don’t mean that as a joke, I mean that as a serious asset class. And two, the other store of wealth today is apartments in Manhattan, apartments in Vancouver, in London."
READ MORE

Real Estate Trends

April 21, 2015

Extell’s ‘Poor Door’ Building Receives a Staggering 88,000 Applicants

Poor doors be damned. It looks like the anger and public outcry swirling around Extell's new 50 Riverside Boulevard condo didn't do much to deter New Yorkers from vying for a low-income unit at the building. The Times reports that the development company received a whopping 88,000 applications for the building's 55 affordable apartments after they opened up the lines back in February. The overwhelming demand is most certainly a win for developer Gary Barnett, who found himself in the hot seat for creating a separate entrance for low-income tenants, away from the market-rate residents. When speaking to the paper, Barnett called the whole poor door ordeal a “made-up controversy” adding to that “I guess people like it. It shows that there’s a tremendous demand for high-quality affordable housing in beautiful neighborhoods."
So do poor doors really matter?

Going Green and Curbing Gentrification: How the Bronx Is Doing It Differently

Image: View Grand Concourse via photopin (license)

April 20, 2015

Going Green and Curbing Gentrification: How the Bronx Is Doing It Differently

By Emily Nonko

“Ladies and gentlemen, the Bronx is burning." The infamous phrase, uttered in a 1977 broadcast of a Bronx fire, has stuck in the mind of many New Yorkers even today. Indeed, the Bronx saw a sharp decline in population and quality of life in the late 1960s and 1970s, which culminated in a wave of arson. By the early 1980s, the South Bronx was considered one of the most blighted neighborhoods in the country, with a 60 percent decline in population and 40 percent decline of housing units. Although revitalization picked up by the '90s, the Bronx never quite took off like its outer-borough counterparts Brooklyn and Queens. While media hype, quickly rising prices and a rush of development has come to characterize those two boroughs, the Bronx has flourished more quietly. The borough, nevertheless, has become home to growth and development distinct from the rest of New York City. Innovative affordable housing, adaptive reuse projects, green development and strong community involvement are redefining the area. As Bronx Borough President Ruben Diaz Jr. said during this Municipal Arts Society discussion in 2014, this is "The New Bronx."
Keep Reading About What's Going on in the Bronx

April 20, 2015

Interior Pictures Revealed for Demi Moore’s $75M San Remo Penthouse

By Annie Doge

We learned on Friday that Demi Moore's triplex penthouse at the San Remo would be hitting the market for $75 million, and now the listing has finally gone live, reports Curbed. While last week's exclusive story in the Times revealed many details about the 7,000-square-foot Central Park West residence which Moore bought in 1990 with ex-husband Bruce Willis, we only had black-and-white photos of the apartment from 1937. There aren't a ton of new pictures, but they show how the couple updated the Emory Roth-designed home in a "Southwestern Mission motif dominated by cherry wood" and give us a look at the unparalleled views.
See all the pics ahead

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

Rendering via NY Yimby

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 20, 2015

VIDEO: Has the ‘Misguided’ Landmarks Law Bulldozed New York City’s Future?

Concerted efforts to preserve the city's buildings are a relatively new phenomenon; it wasn't until 50 years ago that the NYC Landmarks Law was enacted, providing protection for the city's most storied structures. While many of us feel that New York wouldn't be half of what it is today if developers were allowed free range of our urbanscape, a video by ReasonTV contends that the Landmarks Act is actually keeping the city from its true potential.
Find out why they detest the landmarks law

April 20, 2015

The Nation’s Largest Wealth Gap Is In…; Eco-Activist Plans to Swim the Gowanus on Earth Day

The nation’s largest wealth gap is in Manhattan. Surprised? [Crain’s] A clean-water activist plans to take the ultimate plunge on Earth Day, swimming 1.8 miles through Brooklyn’s toxic Gowanus Canal. [Brooklyn Paper] Five real estate myths that snag buyers and sellers. [Washington Post] Real estate crowd funding firm Prodigy Network has plans to develop shared […]

Real Estate Trends

1 WTC Observatory Elevators Will Give Riders a 515-Year Time-Lapse View of NYC Skyline

The Lower Manhattan skyline in 1796

April 20, 2015

1 WTC Observatory Elevators Will Give Riders a 515-Year Time-Lapse View of NYC Skyline

Tourists and die-hard New Yorkers who plan on shelling out $32 to take in the vistas from the One World Trade Center observation deck will also get the unique experience of taking in the city's skyline through the last 515 years. The Times reports that the five elevators servicing the building's 102nd-floor observatory will be equipped with three wrapping, high-tech monitors that will display a time-lapse view of Lower Manhattan as its takes its patrons on a 47-second, 23 mph ride to the top. The screens will project everything from Manhattan's start as a verdant, marshy wonder to its rise as the world's capital in all its sky-scraping glory. But, most notably, the ride will highlight the south WTC tower brought down by terrorists on 9/11.
Watch a video of the experience here

Real Estate Trends

Brooklyn Point

138 Willoughby Street

Downtown Brooklyn

America's highest infinity pool + 25-year tax abatement

Studios starting at $985,000
1 beds starting at $1,200,000
2 beds starting at $1,885,000
3 beds starting at $2,700,000

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April 20, 2015

Famed Author Peter Straub’s UWS Townhouse on the Market for First Time in Thirty Years

With accolades like the Bram Stoker Award, the World Fantasy Award, and the International Horror Guild Award to his name, one might proceed with caution when entering the home of American author and poet Peter Straub. But we can assure you that his literary penchant for things dark and mysterious doesn’t extend to the distinguished Queen Anne-style townhouse that he’s lived in for thirty years. The single-family residence at 53 West 85th Street on the Upper West Side is one of a series of three similar brick townhouses built in the late 1880s along 85th between Central Park West and Columbus, and it's now available for $8.2 million.
See inside the author's home

April 20, 2015

The Little Chinatowns of Brooklyn; Subway Ridership Surges 2.6 Percent in One Year

Chinese immigrants are now the second largest foreign-born group in the city, and with an influx of newcomers to Brooklyn, smaller Chinatowns are popping up. [NYT] How did the Chelsea Piers go from an important site for transatlantic travel to one of New York’s leading modern sports complexes? [The Bowery Boys] Subway ridership in New […]

Uncategorized

April 20, 2015

The City’s Plan B for Barry Diller’s Pier 55 Floating Park Is Far Less Exciting

In February, the futuristic Pier 55 floating park planned for the Meatpacking District moved forward with a lease deal between the Hudson River Park Trust and a nonprofit group controlled by Barry Diller, the billionaire media mogul who pledged $130 million back in November to fund the $151.8 million park. Diller is allocating the funds through the Diller-von Furstenberg Family Foundation (his wife is fashion designer Diane von Furstenberg), but under the agreement he can pull his support if he feels renovations at neighboring piers aren't up to par. And according to DNAinfo, the city's backup plan in this event is quite underwhelming, completely scratching the floating island and creating a $30 million park similar to others along Hudson River Park.
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Architecture And Design

April 20, 2015

190 Bowery’s New Tenant Plans to Keep Iconic Graffiti on the Facade

Those who have been mourning the loss of 190 Bowery to the clutches of the rich can breathe a slight sigh of relief. Just a month after having some of its graffiti removed, the WSJ reports that the former Germania Bank—and former home of photographer Jay Maisel—has just inked its first lease. The tenant, "a company made up of agencies representing creative professionals in the industry of luxury and fashion image-making" has signed on for nearly 30,000 square feet and says that it will maintain all of the building's historic touches, from "its marble wash basins to the graffiti covering the lower part of the facade."
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Architecture And Design

April 20, 2015

Eye-Catching Soho Loft with Multiple Skylights and Rhino Head Wants $5M