July 30, 2015

Historic Grandeur and an Architect’s Eye for Modern Design Meet in This Prospect Heights Townhouse

We've featured the work of this home's current owners–principals at WE Design–before, including the architects' previous home, and this latest oeuvre (or possibly magnum opus) is yet another impressive example. Though the luck of having a great house to begin with helps, this 4,100-square-foot, four-story beauty at 390 Sterling Place, on what is arguably the prettiest street in prime Prospect Heights, hits all the high notes after an amazing renovation. For lovers of historic homes there are pristine original details at every turn. For modern interior design fans the renovation has meant the latest and greatest in appliances and fixtures (including central A/C and "new everything") and a perfectly on-trend clean and modern look throughout. At $4.25 million, it's a big price tag, but the location is super-prime–and so is the home.
Tour this grand and gorgeous home, this way
July 30, 2015

Former Nets Star Deron Williams Lists Trophy Tribeca Penthouse for $33.5M

Now that he's taking over as the starting point guard for the Dallas Mavericks, Deron Williams is parting ways with his massive Tribeca penthouse. The Post reports that the former Nets star has listed the 6,800-square-foot duplex at 35 North Moore Street for $33.5 million. The stunning, six-bedroom "trophy" apartment also boasts 3,000 square feet of private outdoor gardens, huge 17-foot ceilings with wrap-around skylights, a climate-controlled wine room, and a custom-made floating staircase.
Check it out here
July 30, 2015

First Look Inside 64 East 1st Street’s Lofty Condominiums in the ‘Bowery District’

Here's our first look at the lofty interiors of an upcoming GF55 Partners-designed condominium at 64 East 1st Street. The seven-story property is being developed by MGM Property Group, and the site was previously occupied by the much-maligned restaurant/hookah bar La Vie. MGM purchased the 3,300-square-foot lot in late 2013 to the tune of $5.4 million and swiftly demolished the one-story building last year. Excavation work is currently ongoing.
More details ahead
July 30, 2015

NYC Entering Biggest Building Boom in 50 Years; New Rendering of 220 Central Park South

New residential construction permits are at the highest since 1963, likely attributed to the expiration of the 421-a tax break. [WSJ] Two Billionaires’ Row condos, 111 West 57th Street and 1 Park Lane, only subsidized 23 affordable housing units. [DNAinfo] Jeopardy host Alex Trebek bought a $1.92 million fixer-upper Harlem townhouse for his 25-year-old son. [NYP] […]

July 30, 2015

NYC aka New Netherland: Mapping the 11 Different Cultural ‘Nations’ Within the U.S.

Those of us who live in the tri-state area tend to get accused of thinking the country is made up of the northeast, the west coast, and maybe Florida, and then forgetting about the entire rest of the country. A new map that is part funny, part culturally realistic takes a look at the "11 distinct cultures that have historically divided the U.S.," according to Business Insider. The spot-on map comes from award-winning author and journalist Colin Woodward's newest book American Nations: A History of the Eleven Rival Regional Cultures in North America. In Woodward's map, New York City and northern New Jersey is renamed New Netherland, as it was settled by the Dutch and is a very commercial area. The author describes this nation as "materialistic, with a profound tolerance for ethnic and religious diversity and an unflinching commitment to the freedom of inquiry and conscience."
Find out about the other nations of our nation
July 30, 2015

Funky Decor and an Impressive Art Collection Distinguish This Greenwich Village Studio

Here's another apartment unit up for sale in the pre-war co-op building University Mews, at 39 East 12th Street in Greenwich Village. Just last month, a lofty unit in the building hit the market for $1.595 million. This one has a much different vibe. The current owner outfitted it in some incredible and unique decor, which is accentuated by the 14-foot ceilings and large windows. Its asking price? The same as the last unit–$1.595 million.
To the interior
July 30, 2015

Endangered Species Will Be Projected on the Empire State Building; Mapping the Hottest Subway Stations

Soho is getting a cat camp pop-up this weekend. It will offer a series of educational “cativities.” [NYDN] New dating app Cheekd will let you search missed connections on the subway without any internet. [DNAinfo] New Yorkers think everyone else works less and is lazier than them. [Daily Intelligencer] On Saturday night, digital light images of endangered […]

July 30, 2015

Bidding Wars and Over-Ask Sales on the Rise in Brownstone Brooklyn Neighborhoods

Homes in brownstone Brooklyn neighborhoods have been selling over the asking price and bidding wars are becoming even more commonplace, according to DNAinfo. In the second quarter of 2015, for example, homes in Prospect Heights and Park Slope were selling for 4 percent over their asking price–the highest percentage seen in Brooklyn or Manhattan.
Find out where to expect bidding wars
July 30, 2015

Ricky Martin Gets $7.55M for Noho Pad

Ricky Martin moved into 40 Bond–the Herzog & de Meuron-designed Noho condo famous for its graffiti gate and green glass/green cast iron facade–back in 2007, shortly after the building was completed. He paid $5.7 million for unit 6C, which is perfectly spacious and lovely, but has had a bit of trouble getting it off his hands, first trying to rent it and then listing it for $8.3 million back in 2013. But the Post reports that the Latin pop star has finally found a buyer, who paid $7.55 million for the three-bedroom pad.
More interior pics ahead
July 29, 2015

My 1,000sqft: Tour an Interior Designer’s Classic Greenwich Village Apartment and Terrace

Sylvia Jacobson used to walk around Greenwich Village's winding, leafy streets, admiring the old buildings and dreaming that one day she'd live in the picturesque neighborhood. And 38 years ago, she did just that. When she and her husband moved into their fifth-floor walkup they had a lot of work to do–from putting up shelves and drawers in the little kitchen, to creating a multi-purpose room that could serve as a den as well as a studio for Sylvia's writing and interior design careers, to creating a usable terrace on an empty rooftop space. Now, almost four decades later, the apartment has withstood the test of time, bringing together clever design ideas and classic decor. We were lucky enough to get a tour of this 1,000-square-foot home and its stunning 500-square-foot terrace, complete with views of neighboring buildings and even One World Trade Center. Join us to see how elegant, tasteful design never goes out of style.
Step inside Sylvia's home here
July 29, 2015

LaGuardia Overhaul Could Actually Cost $8 Billion and Take Over 10 Years to Complete

Womp womp. For those of you still flying high over yesterday's news that LaGuardia Airport would soon be getting a major revamp, here comes some unfortunate news that might bring you back down to earth. As Crain's reports, Governor Cuomo appears to have grossly underestimated his vision for the upgraded air hub. "According to several sources with direct knowledge of the project," the paper says, "a new LaGuardia could take more than 10 years to build and cost close to $8 billion"—a price that's double the Cuomo administration estimates of $4 billion, with at least another five years tacked on to the schedule.
Find out more here
July 29, 2015

Modern Mansion Spanning 8,000 Square Feet Asks $13 Million on the Upper West Side

Here's a six-story single-family home at 337 West 87th Street with space galore: 8,000 square feet, to be exact, plus another 1,700 square feet outdoors. The whole place has been renovated with luxurious modern finishes, including a marble powder room, skylights, custom cabinetry, walk-in closets and more. In case you're wondering how you'd be able to climb six stories of your home everyday without breaking a sweat, it is outfitted with an elevator that goes from the cellar up to the penthouse level. Of course, all this doesn't come cheap, especially considering that the property is located on a tree-lined block off of Riverside Drive. The asking price is $12.995 million.
Tour the inside
July 29, 2015

Hyperrealistic Artist Paul Cadden Uses Only a Pencil to Recreate Urban Photographs

Nowadays, when people want to get the details right in a photograph they turn to Photoshop. When artist Paul Cadden wants to capture all of a photo's details, he uses nothing more than a pencil. Cadden describes his art as hyperrealism–drawings that are so realistic that they are easily mistaken for photographs. The Scottish artist bases his work off photographs of objects and people that catch his attention. If he isn't drawing inspiration from his own photographs, Cadden told Don't Panic magazine that he "trawl[s] through a lot of stock images sites." What he does next isn't just a simple reproduction. "The idea is to go beyond the photograph," he says.
View more of Cadden's drawings here
July 29, 2015

Rare UES Townhouse Addition Coming to Fifth Avenue’s Museum Mile

New buildings along Fifth Avenue on the Upper East Side are hard to come by, but a rare development prospect may be in the works for a small site on a dormant stretch of the avenue in Carnegie Hill. Building permits filed yesterday detail the construction of a five-story residential addition atop an existing eight-story, 30-foot-wide townhouse at 1143 Fifth Avenue, between 95th and 96th Streets. The brick and limestone building designed by J.E.R. Carpenter, was erected in 1923, and up until recently, housed staffers of the French Embassy. Last June, the 16,000-square-foot, seven-unit property was unloaded by the French government for $36.4 million and picked up by a buyer listed as 1143 5th Ave LLC.
More on the potential development ahead
July 29, 2015

Bringing Back Drinking Fountains in NYC; Run Your Gadgets on Solar Energy with a Simple Outlet Adapter

Can drinking fountains make a comeback in NYC? [CityLab] There’s a tiny island called Tinian, 8,000 miles from New York in the Pacific Ocean, where you’ll find NYC locations like Broadway, Central Park, Greenwich Village, and Riverside Drive. [Gothamist] A table lamp designed by Frank Lloyd Wright for his 1911 Taliesin house in Wisconsin is now available […]

July 29, 2015

POLL: Should the MTA Get Money from the State Before LaGuardia Airport?

Yesterday, we learned of Governor Cuomo’s plans for a major, $4 billion overhaul of LaGuardia Airport. The project includes consolidating the four terminals, moving the entire facility south, introducing a 24-hour ferry service, and launching AirTrain service that’ll connect travelers to the 7 line in Willet’s Point. Today, however, the revelry took a turn when it […]

July 29, 2015

Airbnb Is Gobbling Up 20 Percent of Apartments in Popular Manhattan and Brooklyn Neighborhoods

As if it wasn't challenging enough to find a reasonable apartment in New York City, Airbnb is now taking up 20 percent of available units in popular Manhattan and Brooklyn zip codes, reports the Daily News. According to a study from New York Communities for Change and Real Affordability For All, the East Village is the most affected, with 28 percent of its apartments being rented as illegal hotel rooms on Airbnb. Additionally, the 20 most popular neighborhoods on the room sharing site "have lost 10% of their available housing units to Airbnb."
Find out more here
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July 29, 2015

$1.75 Million Bed-Stuy Townhouse in a Future Historic District Has Location, Space and Charm

For anyone looking to bet on Bed-Stuy–not a bad idea, we hear–this classic three-family townhouse at 44 Macon Street could be a fine opportunity. While the $1.75 million ask for this 2,720 square-foot, 13-room home might have been unheard-of even five years ago, anything this charming under $2 million in brownstone Brooklyn is going to get some attention these days. The multi-family layout gives you lots of options–while still getting the 1-3 family tax break. Currently set up as an upper duplex with two floor-through apartments below, there is one catch: There's a tenant in place in the garden apartment, which won't be delivered vacant; this should certainly be considered, but that leaves three floors, all tastefully renovated with a laid-back, loft-like aesthetic, to do as you please.
Check out this classic Bed-Stuy bet, this way
July 28, 2015

Governor Cuomo Reveals Renderings for $4 Billion LaGuardia Airport Overhaul

After much anticipation, Governor Cuomo unveiled his plan yesterday to overhaul LaGuardia Airport, which he called "un-New York" in its current state. The $4 billion project includes consolidating the four terminals into one hub and moving the entire facility south the length of two football fields, according to Crain's. Additionally, Cuomo's controversial AirTrain, which will connect travelers to the 7 line in Willet's Point, will be put into effect, as will a 24-hour ferry service that will operate out of the landmarked Art Deco Marine Air Terminal. The development will be handled by LaGuardia Gateway Partners, a new public-private partnership formed by the Port Authority of New York and New Jersey, who will oversee the construction, financing, and operation of the new terminal under a 35-year lease.
Lots more details and renderings this way
July 28, 2015

Eero Saarinen’s Iconic JFK Terminal to Be Reborn as the ‘TWA Flight Center Hotel’

For the last 14 years, JFK's most beloved structure has mostly languished vacant, reopened intermittently for public tours or to serve as the backdrop of some Jet Age fashion shoot. While there has been plenty of talk surrounding the TWA Flight Center's transformation into a hotel, details have remained sparse until now. As Curbed has it, the city has finally revealed that MCR Development will be taking the reigns alongside JetBlue and the NYNJ Port Authority, bringing the iconic terminal back to life as a 505-room LEED-certified hotel with restaurants, 40,000 square feet of meeting space and a 10,000-square-foot observation deck. The project will aptly be called "The TWA Flight Center Hotel."
FInd out more here
July 28, 2015

$4.4M for Turnkey Updates and Designer Flair in an Historic Brooklyn Heights Townhouse

All told, $4.4 million isn't really a lot to ask for a four-story townhouse in prime Brooklyn Heights–in fact, the longtime sales record-holder, Truman Capote's former home at 70 Willow Street, sold for $12.5 million back in 2012 and was recently bested by the $15.5 million sale of a Cobble Hill townhouse. And this landmarked home at 73 Joralemon Street is no fixer-upper; quite the opposite. A top-to-toe, no-expense-spared redesign was just completed, helmed by designer Nick Olsen. Not only were the home's interiors transformed with dramatic flair, modern updates took place throughout: new windows were installed, stairs replaced and hardwood floors refinished; all mechanicals were replaced including central heating and air.
Take a look inside, this way
July 28, 2015

Where to Find the NYC Haunts and Houses of Famous Writers

New York City has always been a hub for writers. Whether they were living in luxury or getting their start as starving artists, famous writers have lived and worked all across New York, and you can still see many of these writerly abodes today. Whether you're a fan of the Beat Generation, Sci-Fi, or even Southern Gothic, you might be interested in tracking down a famous writer's home.
See where writers lived and worked here
July 28, 2015

Office of Architecture Brings Individuality and Adaptability to a Brooklyn Row House

Usually, there isn't much individuality to be found among Brooklyn row houses, at least not until you step inside. When a Brooklyn couple approached Office of Architecture about gut renovating their row house, the firm took it upon themselves to create a home that not only would stand out, but would be adaptable to the pair's needs as their life progressed.
Get a closer look
July 28, 2015

Quirky Park Slope Duplex with Charming Backyard Asks $629K

Talk about quirky... this is a property you don't see in Brooklyn every day. The unit in question is located at 429 7th Avenue, in Park Slope. It's a duplex with a kooky sleeping loft instead of a bedroom, a unique layout, and a really nice private backyard. It's not going to be for everyone but that outdoor space, plus a location two blocks west of Prospect Park, will certainly appeal to some. Don't mind the idea of curling up in a loft to go to bed? Well, the apartment is now for sale by owner asking $629,000.
See the rest of it
July 28, 2015

Renderings Revealed for Bjarke Ingels’ Curved Harlem Apartment Building

Now that the hoopla surrounding his design for Two World Trade Center has simmered down, we've got a fresh set of renderings from Danish starchitect Bjarke Ingels. NY Yimby revealed the preliminary designs for his firm's 11-story East Harlem apartment building at 146 East 126th Street, which show a T-shaped structure that cantilevers over the Gotham Plaza retail center on 125th Street. The real fun is on the 126th Street side, though, where Bjarke employs a play on the conventional street wall with an undulating facade that seems to be a modern interpretation of the surrounding brick buildings. The project is being developed by none other than Extell, along with the Blumenfeld Group.
More details and renderings here
July 28, 2015

Photographing Street Art on NYC Doorways; The Last Remnant of the Original Penn Station

Photo series “Doorway Galleries” documents the spray-painted, stenciled, and stickered doorways of NYC buildings. [BK Mag] Active uses, street furniture, and first-floor windows–are these the three traits shared by the city’s most walkable streets? [CityLab] A mysterious building on West 31st Street is the last remnant of the original Penn Station. [Scouting NY] This device […]

July 28, 2015

Donald Trump Gets $21M for Trump Park Avenue Penthouse

When you have $1.4 billion in assets, $21 million is a drop in the bucket, but the Wall Street Journal reports that's what Donald Trump just got for the sale of his penthouse in his namesake building Trump Park Avenue. The apartment is not too exciting, but it does boast 6,200 square feet, ten-foot ceilings, five bedrooms, seven-and-a-half bathrooms, and a private elevator. Trump bought the full-floor penthouse in 2002, when his company converted the Upper East Side building to condos, but never lived there. It first hit the market back in 2013 for $35 million and most recently got a price chop to $24.99 million.
Look around the whole place here
July 27, 2015

Should NYC Implement San Francisco’s ‘Pee-Proof’ Paint to Deter Public Urination?

Normally, urinating in public comes with a hefty fine, but in San Francisco, offenders might be spending their money instead on a new pair of clothes and shoes. The problem has apparently gotten so out of hand in the city that the Public Works Department is implementing "pee-proof" paint on walls that are hot spots for people to relieve themselves. The special superhydrophobic coating called Ultra-Ever Dry is liquid repellent, and therefore splashes the urine right back on the person.
More details and a video on the technology
July 27, 2015

Entertain on Three Levels in This $2.5M Modern Chelsea Loft

While most lofts offer a spacious open interior, this recently-listed $2.5 million Chelsea triplex extends vertically as well; a stylish recent renovation gets creative with windows and skylights to maximize light flow throughout all three floors. The 1,797-square-foot, two-bedroom condo at 251 West 19th Street–known as Chelsea 19, the classic loft building was built in 1910 and converted to condos in 2002–is just the spot for a three-story soiree (or a well-divided live-and-work space).
Check out all three floors...
July 27, 2015

VIDEO: Go Behind the Super Antiquated Switchboard of Today’s NYC Subway

The MTA is showing its age in a new video put forth by the public benefit corporation. "People know the system is old," the narrator of MTA's video opens, "but I don't think they realize just how old it is." The New York City subway system has been running since 1904, and as we previously reported in December, it's been running on the same technology used in the 1930s. In the video, computers are noticeably absent from the West 4th Street Supervisory Tower, which is in control of all of the train movements around the area. Instead there are plenty of pens and papers, as well as old, lever-operated machinery that the railroad industry has long stopped manufacturing. It's no wonder that the MTA has put out this video promoting their Communications-Based Train Control (CBTC) system, a project that aims to modernize the subway.
Watch the incredible video here
July 27, 2015

IKEA Is Selling a Placemat with a Pocket for Your Phone

We're having a hard time deciding whether this design is brilliant or just plain depressing. These new placemats come courtesy of IKEA and are part of their upcoming SITTNING collection, a limited edition series made up of 40 pieces focused in on "the joys of sharing a meal with those you love." The new mats—which will reportedly be called "Logged Out"—will feature a convenient little pouch for you to tuck your smartphone away so you can finally enjoy a meal with your friends without checking Instagram, Facebook, Twitter, email...
More on IKEA's new design here
July 27, 2015

Harlem Townhouse Rental Mixes the Old and the New for $7,500/Month

Here's a historic Harlem townhouse, at 30 East 130th Street, now up on the rental market. From the exterior, it has pretty much retained its 1900s-era features. But the interior is a mix of the historic and the new as the result of a 2012 renovation. It's the type of place we picture a bunch of young professionals pooling funds to rent–at $7,500 a month with six bedrooms, you'd get decent bang for your buck. And what young New Yorker hasn't dreamed of renting a townhouse with all of their friends?
See more of the space
July 27, 2015

Flushing and the Upper East Side Top the List of Most Traffic Accidents in NYC

Between March 2014 and April 2015, the city reported 223,141 motor vehicle accidents, almost 25 percent of which resulted in injury or death. The Auto Insurance Center used this open-source data, which includes geographical coordinates for the accidents, to create maps and graphs examining where and when the collisions happened (h/t Brokelyn). Queens accounted for 29.5 percent of the total collisions, with Brooklyn coming in right behind at 28 percent. In terms of neighborhoods (broken down by police precincts), Flushing, Queens takes the top spot, followed by Queens Village, the Upper East Side, Cypress Hills, Brooklyn, and Long Island City, respectively.
More data and maps right here
July 26, 2015

Bernheimer Architecture’s Lightbox House Is Made of Stacked Boxes to Capture Upstate Views

When Bernheimer Architecture was commissioned to build a house and studio in the Hamptons for a photographer and his family, the firm knew the views needed to take center stage. The result is the Lightbox House, a series of spaces that are arranged around cropped views of the surrounding landscape. There's the main house, a pair of stacked boxes, and the photography studio, which takes advantage of natural daylight with strategically placed windows and skylights. The two structures are separated by a large pool that seems to float on the lush lawn.
See the whole house here
July 25, 2015

Weekly Highlights: Top Picks from the 6sqft Staff

Here’s How You Can Live in a Billionaire’s Row Condo for Free AND Make Six Figures Julia Roberts Lists Greenwich Village Apartment for $4.5M What Does Your Zip Code Say About You? This Map Tells All The History of Brooklyn Blackout Cake: German Bakeries and WWII Drills BIG Ideas: Bjarke Ingels Talks 2 WTC and […]

July 24, 2015

New Yorker Spotlight: Gabrielle Shubert Reflects on Her Ride at the New York Transit Museum

On the corner of Boerum Place and Schermerhorn Street in Downtown Brooklyn is what looks like a regular subway entrance. But upon further inspection, it becomes clear that there's no uptown and downtown platforms here. This is the New York Transit Museum, the largest museum dedicated to urban public transportation in the country. It's fittingly located inside a decommissioned–but still working–subway station. And over the last 40 years, it has told one of New York's most important stories–how mass transit and city development are intricately connected and how public transportation is one of the city's crowning achievements, in spite of its delays and crowded rides. Gabrielle Shubert has served as the museum's director for the past 24 years. She transformed a young institution into a go-to destination for learning about and engaging with urban history. From vintage cars to subway fares, Gabrielle has offered visitors a chance to go behind the scenes and marvel at the wonders of New York City's incredible public transportation system. On the eve of her retirement, we sat down with Gabrielle in one of the museum's vintage cars and found out about her early days as director, the range of exhibits and programming she has overseen, and the institution's bright future.
Read the interview here
July 24, 2015

Roman Abramovich Closes on Third UES Townhouse for His $80M Makeshift Mansion

At the beginning of the year, news broke that Russian billionaire Roman Abramovich had secretly bought a townhouse at 11 East 75th Street for $29.7 million, which followed his purchase of a townhouse two doors down for $18.3 million a month earlier. So, of course, we all assumed that he would snatch up the townhouse wedged in between to create his very own makeshift mansion. And now it's official, as the Daily News reports today that Abramovich has closed on the townhouse at 13 East 75th Street for $30 million, bringing his total up to nearly $80 million.
Find out more here
July 24, 2015

Construction Update: Tribeca’s ‘Jenga Tower’ 56 Leonard Tops Out

Last January, 6sqft reported on the the progress of Alexico Group /Hines' project 56 Leonard: The concrete structure was around 700 feet tall with little more than 100 feet to rise. Now, alas, the 821-foot Tribeca tower, playfully known as "the Jenga building" and designed by Swiss architects Herzog & de Meuron, has finally topped out! With a delivery date expected sometime next year, all that remains for its wacky floor plate configurations and erratic cantilevered projections is the remainder of its exterior cladding, which we hear will now also progress from the top down, and the interior fit-out of its 145 residences.
More details this way
July 24, 2015

This Hip, Huge Artist Loft in Soho Will Not Come Cheap

If you're looking for a short-term stay in Manhattan that will epitomize everything about the life of a glitzy artist, look no further. (Warning: it's going to cost you.) This artist loft in SoHo, at 20-26 Greene Street, is available for a two to five month rental. Of course, it's downright pricy to live as an artist with a great downtown apartment, and this particular unit is asking $10,500 a month. Look at it this way: it's cheaper than buying one for $14.5 million. Or $4.375 million. So is the interior worth this rental's price tag?
Check it out
July 24, 2015

VIDEO: Rick Liss’ ‘No York City’ Encapsulates the Grittier New York of the ’80s

Feeling nostalgic for 1980s New York? Artist Rick Liss' short film "N.Y.C. (No York City)" transports you back to the city's grittier days. He uses stop motion to move you through the city "at the speed of blood," a pace that doesn't seem too different from the city's normal flow. But don't expect the typical tourist attractions on this journey. "No York City" features graffiti, street fights, and lots of crowds, all set to Laurie Anderson's "For Electronic Dogs."
Watch the video here
July 24, 2015

It’s Storage Galore at This Noho Duplex Renovation by Raad Studio

A challenge that every New York apartment dweller will face eventually is one of storage. This is a city of cozy, compact spaces, and although many of us are lacking the luxury of basements, walk-in closets, garages, etc., we usually make up for it in unique ways. (Hello, lofted apartment!) Raad studio creatively took up the challenge at a duplex in Noho, where storage is so prevalent and seamlessly integrated into the design, it demands a standing ovation from storage-starved New Yorkers everywhere.
See the full reno
July 24, 2015

$51M Time Warner Center Penthouse Sale Sets a Record for the Building

Maybe it's the location near Lincoln Center and lots of shopping, or maybe it's the unobstructed views of Central Park, or maybe it's the ease of planting tons of one's foreign cash without worry within its walls, whatever the case may be, the ultra-luxe Time Warner Center has just drawn in a record $50.92 million sale. The owner, Russian billionaire Andrey Vavilov, listed the sprawling 14-room penthouse for $75 million early last year, then dropping the price to $68 million in November, finally landing on $51 million with a buyer known only as "Columbus Family LLC," according to city documents filed today. As CityRealty reveals, the transaction is the highest ever recorded at the building; the runner-up, incidentally, the same unit, which traded hands last in 2009 between Vavilov and Austrian investor Gerhard Andlinger for $37.5 million.
Have a closer look inside

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