Search Results for: 220 central park

Update 2/26/19: Council Members Mark Levine and Margaret Chin announced on Monday that they plan on introducing a resolution in support of the pied-à-terre tax, as amNY reported. The tax would be modeled after the measure sponsored by State Sen. Brad Hoylman and apply an annual surcharge on non-primary homes worth more than $5 million. Last month, billionaire Ken Griffin closed on a penthouse at 220 Central Park South for over $239 million, making it the most expensive home ever sold in the United States. Griffin, the founder of the hedge fund Citadel, said he will not use the pricey pad as a primary residence, but instead as "a place to stay when he's in town." The staggering sale has renewed support from public officials for a pied-à-terre tax, which would place a yearly surcharge on homes worth $5 million and up, and apply to non-primary residences, as reported by the New York Times.
Learn more

Billionaire Ken Griffin buys $240M NYC penthouse, the most expensive home sold in the U.S.

Via Vornado Realty Trust and Robert A.M. Stern Architects

January 23, 2019

Billionaire Ken Griffin buys $240M NYC penthouse, the most expensive home sold in the U.S.

Update 1/29/19: The penthouse officially closed on January 23, 2019, for $239,958,219, more than was originally reported. Billionaire Ken Griffin has closed on a penthouse at 220 Central Park South for $238 million, setting the record for the most expensive home ever sold in the United States, as the Wall Street Journal first reported. Griffin, who founded Citadel, first signed the contract to buy a 24,000-square-foot unit at the under-construction tower in 2015. The hedge fund mogul reportedly picked up the pricey digs as "a place to stay when he's in town," since his company is looking to expand its footprint in New York City.
More on record-breaking deal

Real Estate Trends

Announcing 6sqft’s 2018 Building of the Year!

Rendering via Hill West Architects; frame via Pixabay

December 13, 2018

Announcing 6sqft’s 2018 Building of the Year!

The votes have been tallied, and it's time to name the 2018 Building of the Year! The winning title belongs to none other than Long Island City's Skyline Tower. The 778-foot-tall tower beat out 11 other significant NYC buildings in a competitive two-week competition held by 6sqft. Out of nearly 3,000 votes cast, the Hill West-designed structure took first place with a whopping 1,021 votes or 35.5% of the total. Was it the fact that the Skyline Tower is on course to become the borough’s tallest building? Or that it has an estimated $1.088 billion sellout, the first in the borough to break the one billion mark? Or perhaps it's the LIC location, the forthcoming home to 25,000 Amazon employees?
More on this year's winner!

December 5, 2018

VOTE for 6sqft’s 2018 Building of the Year

The city’s most important residential projects include a glittering showcase of superlatives that continue to eclipse all that came before, with claims that include tallest (Central Park Tower), skinniest (111 West 57th Street ), most expensive (a $250 million penthouse at 220 Central Park South) and loftiest outdoor lounge (Fifteen Hudson Yards) and pool (Brooklyn Point) almost being a requirement for selling the fabulously luxurious apartments and amenities that lie within. Though some of this year’s contenders appeared on previous years’ lists, their sales launches and toppings-out in 2018 proved that their arrivals on the city's skyline–and among its residential options–are no less impactful than the anticipation that preceded them. We’ve narrowed our picks down to a list of 12 headline-stealing residential structures for the year. Which do you think deserves 6sqft’s title of 2018 Building of the Year? To have your say, polls for our fourth annual competition will be open up until midnight on Wednesday, December 12th and we will announce the winner on the 13th.
VOTE HERE! And learn more about the choices.

New Developments

Sting is reportedly renting at Zaha Hadid’s High Line-hugging condo

Photo © Hufton+Crow; Sting photo via Wiki Commons

April 4, 2018

Sting is reportedly renting at Zaha Hadid’s High Line-hugging condo

By Annie Doge

Just six months after selling his huge Central Park West penthouse for $50 million, Sting has reportedly moved on to an equally swanky residence. According to Page Six, he and wife Trudie Styler are "renting a large terraced apartment on a high floor" in Zaha Hadid's recently-completed, curvy, High Line-hugging condo at 520 West 28th Street in Chelsea. Though his former home was in a classic Robert A.M. Stern-designed building (he must really have a thing for starchitects), it was decked out in an uber-contemporary style, so it makes sense that he'd want to move over to one of the city's most futuristic buildings.
READ MORE

Crown Building penthouse may be in contract for $180M, beating NYC record by $80M

Penthouse rendering courtesy of Aman Resorts

March 16, 2018

Crown Building penthouse may be in contract for $180M, beating NYC record by $80M

Another Billionaire's Row sky mansion–this one with a piano lounge, two kitchens, a wraparound terrace, and two swimming pools spread out over five stories at 730 Fifth Avenue–is on its way to record-smashing glory, according to The Real Deal. Sources say an unknown buyer has spoken for the 12,536-square-foot residence in the actual crown of the Crown Building, to the tune of $180 million. If the sale closes, it will be the New York City's most expensive sale ever at $14,358 per foot (also a record), surpassing Michael Dell's $100.5 million penthouse atop Extell Development’s One57.
Check this place out

Billionaire Michael Dell revealed as the secret buyer of One57’s $100M penthouse

Image courtesy of Extell/One57

February 22, 2018

Billionaire Michael Dell revealed as the secret buyer of One57’s $100M penthouse

Founder and CEO of Dell Technologies, Michael Dell, was revealed as the buyer of the sprawling penthouse at One57 for $100.47 million, the most expensive home ever sold in New York City. According to the Wall Street Journal, Dell first entered a contract to buy the unit in 2012 when the Billionaires' Row building, located at 157 West 57th Street, was still under construction. He closed the transaction through a limited liability company in 2014.
Get the details

Real Estate Trends

December 12, 2017

Announcing 6sqft’s 2017 Building of the Year!

By Emily Nonko

The votes have been tallied, and so it's time to name the 2017 Building of the Year! The winning title belongs to no other than One Manhattan Square, the Lower East Side meets Chinatown skyscraper that will be home to NYC’s largest outdoor private garden when it opens next year. The 800-foot-tall tower beat out 11 other significant NYC buildings in a competitive two-week competition held by 6sqft. Out of 3,782 votes cast, the Extell-developed, Adamson Associates-designed structure took first place with 959 votes or 25.35% of the total.
More on this year's winner!

December 11, 2017

Last day to vote for 6sqft’s 2017 Building of the Year!

By Emily Nonko

This year was all about new development redefining the New York City skyline. Construction moved along at a rapid pace, whether it be the topping out of Richard Meier's tower at 685 First Avenue or foundational work kicking off at Brooklyn's first supertall 9 Dekalb. In the next several years we'll see these buildings open and show off apartments at sky-high prices, but for now, we get to enjoy the construction process on some of the most notable new architecture to come to New York. We’ve narrowed down a list of 12 news-making residential structures for the year. Which do you think deserves 6sqft’s title of 2017 Building of the Year? To have your say, polls for our third annual competition will be open up until midnight on Monday, December 11th and we will announce the winner on Tuesday, December 12th.
VOTE HERE! And learn more about the choices.

New Developments

New development sales in Manhattan expected to hit $12B by 2020

New development visualized through 2020, via CityRealty

November 14, 2017

New development sales in Manhattan expected to hit $12B by 2020

According to CityRealty's 2017 Manhattan New Development Report, things are really going to heat up over the next few years. While new development sales dropped to $8.3 billion in 2017 from $9.4 billion in 2016 (attributed to a softening in the luxury market), there are a number of new big-time buildings that will commence closings and have the potential to drive total sales up to a whopping $11.9 billion by 2020. One key player is Extell Development’s One Manhattan Square on the Lower East Side. With 815 apartments, it will be the largest condo by unit count ever constructed in the city. And up on Billionaires' Row, Extell's Central Park Tower will have the city's biggest sell-out ever at $4 billion, while Vornado's 220 Central Park South is looking to set the record for highest price per square foot ever in NYC.
READ MORE

Real Estate Trends

Crown Building’s five-story penthouse is the latest to join Midtown’s $100M+ club

Penthouse rendering (Aman Resorts)

October 27, 2017

Crown Building’s five-story penthouse is the latest to join Midtown’s $100M+ club

Taking its name from an elaborate pyramid-shaped crown, the Crown Building at Fifth Avenue and 57th Street has been described as one of the city's most desirable retail locations. Michael Shvo and Russian developer Vladislav Doronin bought the non-retail upper floors of 730 Fifth Avenue in 2015 and filed plans to redevelop the Billionaires' Row property, and new details have been revealed, CityRealty reports. An 83-key luxury hotel with a three-story spa, a members-only lounge, a jazz club and cigar bar and two restaurants will start on the fourth floor. Above the hotel, 20 luxury condominiums known as Aman New York Residences will start on the 11th floor. The building's crown jewel will be a 14,000 square-foot five-story penthouse on floors 22-26 asking $100 million.
See more, this way

New Developments

Despite legal troubles, the first units at 111 West 57th Street go into contract

Rendering of 111 West 57th Street via Property Markets Group

August 3, 2017

Despite legal troubles, the first units at 111 West 57th Street go into contract

Just last week, 6sqft covered the financial and legal woes of Property Markets Group and JDS Development’s super tall and slender tower at 111 West 57th Street. Despite reports that construction had stalled over budget overruns and a potential foreclosure, the first condominiums, at what is lined up to be the world’s future tallest residential skyscraper, just went into contract (h/t The Real Deal). While Apollo Commercial Real Estate Finance, which issued a $325 million mezzanine loan for the project, did not share exactly how many units out of 60 are under contract, CEO Stuart Rothstein told TRD, they sold at “prices well over (Apollo’s) basis.”
Find out more

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

December 10, 2016

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

By 6sqft

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

New Developments

November 29, 2016

After getting caught for scaling One WTC in 2014, noted daredevil climber is back at it

It was major news a couple years ago when then-16-year-old Justin Casquejo snuck past security at the not yet opened One World Trade Center and posted a picture of himself after climbing to the top of the tower. Though he got caught and convicted, Casquejo seems unphazed by these legal troubles. The Post uncovered dozens of photos and videos he posted recently to Instagram and YouTube that show him and his friends "dangling from Manhattan skyscrapers," including the Time Warner Center, 220 Central Park South (where another urban explorer recently made waves), and Coney Island's Parachute Jump.
What does the NYPD have to say?

Uncategorized

November 5, 2016

Weekly highlights: Top picks from the 6sqft staff

Lottery opens for two affordable units in prime Greenpoint, starting at $904/Month Daredevil climber scales Robert A.M. Stern’s 220 Central Park South to capture these insane shots This $7.5M West Village townhouse was once home to Derek Jeter and A-Rod Apply for 63 newly-built affordable units off the Rockaway Beach waterfront, from $494 MAP: What […]

Uncategorized

September 16, 2016

Saudi billionaire seals the deal on the city’s highest home for record $88M

The most expensive apartment closing in New York City this year and one of the priciest sales ever is finally a done deal, reports The Real Deal. The apartment, the top penthouse at Rafael Viñoly-designed billionaire’s bunker 432 Park Avenue, is the priciest unit in the big-ticket building as well as being literally the city’s highest. As 6sqft previously reported, the buyer is Saudi retail magnate Fawaz Al Hokair. The sale price was $87.7 million—a skyscraping $10,623 per square foot.
More jumbo numbers, this way

Real Estate Trends

August 13, 2016

Weekly Highlights: Top Picks From the 6sqft Staff

79 Affordable Units Up For Grabs in New Luxury Hell’s Kitchen Project, Starting at $913/Month Architecture Workshop’s 400-Square-Foot Studio Has a Secret Bedroom and Sleeps Six Live in SHoP’s American Copper Buildings for $833/Month, Lottery Launching for 160 Affordable Units New Renderings of Bjarke Ingels’ High Line Towers Show Crowns and Amenity Bridges Revealed: Kenneth […]

Uncategorized

July 12, 2016

Why Are the Supertall Gurus at Extell Planning a Stubby 18-Story Condo on Billionaires’ Row?

Gary Barnett's Extell Development has become synonymous with sky-high towers, especially those along Billionaires' Row -- the 1,005-foot-tall One57 and the 1,550-foot-tall Central Park Tower -- where it appeared that they were readying to construct a third behemoth that would rise more than 700 feet. However, Crain's reports that Extell has filed plans for the site at 134 West 58th Street (the same block as One57), and they call for a stubby, 18-story, 41-unit condo building that's less than 200 feet tall.
What's the deal?

June 14, 2016

Check Out the Manhattan Skyline in 2020! New Development Sales to Hit $8.4B This Year