Real Estate Wire

Today’s residential real estate news highlights in one digestible bite:

  • Black House just closed on the $62M Hudson Yards site needed for Archilier Architecture’s lantern-like mixed-use tower. [TRD]
  • A rare luxury residential building in Boerum Hill is on the sales block and could garner well over $50M. [NYP]
  • Who says writers don’t make money? Author Jonathan Safran Foer wants $13M for his Park Slope home. [Curbed]
  • The sale of Long Island College to Fortis Property Group has been finalized. Next up for the site? Luxury condos, of course. [Crain’s]
  • A new 19-story mixed-use tower is rising in Kips Bay, plus 714 more condos for Downtown Brooklyn. [Curbed]
  • The Landmarks Preservation Commission may not mind the Pastis building being topped off, but 290 West End Avenue won’t be getting a penthouse. [Curbed]
  • A 5-story Greenwich walk-up apartment building just sold for double the price a seller bought it for three years ago. It took just a week and a half to find a buyer. [Crain’s]

Black House’s tower (left); The Jonathan Safran Foer pad (right}

Architecture, Green Design

  • By Aisha Carter
  • , June 25, 2014

We all remember where we were when we first saw the devastation of Hurricanes Katrina and Sandy. We all remember the residents who were forced from their homes and separated from their families and their support system. In a better world, we would never have to see such heartbreaking images again. That’s where Garrison Architects come in. Hired by American Manufactured Structures and Services (AMSS), Garrison Architects has provided a post-disaster urban housing prototype for residents displaced during a crisis.

Take a look at Garrison Architect’s post-disaster housing prototype here


Weekly Market Snapshot: The Week of June 25, 2014

By Diane Pham, Wed, June 25, 2014

  • By Diane Pham
  • , June 25, 2014
  • During the week May 26th, NYC saw 254 condominium and cooperative sales, averaging $2.3M and $1.5M a sale respectively. The three most expensive closings were on the UES and in Nolita. Egyptian billionaire Nassef Sawiris made history with his $70M penthouse buy – the most ever paid for a co-op.
  • In celeb real estate news, new-age author and physician Deepak Chopra ditched his mediocre Park Imperial pad and even managed to make more than a million dollars in the process; Simon Cowell on the other hand put down $10.85M for his family’s new ultra-luxe UES home.
  • Industrial Revolution: While designers (and developers) are favoring ridiculously tall glass towers, architect Morris Adjmi is returning to the fundamentals by designing subtly distinct, timeless buildings that blend seamlessly into their historic neighborhoods. We profile Adjmi in this week’s issue.

For market trends, top residential sales, celeb real estate news and a look at those (architects) who dare to be different, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.

Get the full report here

Featured Story

Book Reviews, City Living, DUMBO, Features, History

  • By Andrew Cotto
  • , June 25, 2014

There’s been a lot of novels set in New York City (guilty myself, two times). When done right, such work can serve as a portal to the past, when New York was a distinctly different place, one often defined by its era and often in direct contrast to the current conditions.

In Eamon Loingsigh’s powerful new novel, Light of the Diddicoy, reference is made in the very first line to the area “Down Under the Manhattan Bridge Overpass.” Of course, any New Yorker worth his/her salted caramel custard from Shake Shack knows DUMBO, the Brooklyn nabe known for its pricey lofts and tony boutiques, its art galleries and swank eateries and a grassy park that sprawls along the water’s edge below the span of East River bridges. Lovely. The characters in Loingsigh’s novel aren’t so privileged, for they lived in DUMBO 100 years ago, long before any clunky acronyms, when the waterfront was a war zone, and the novel’s narrator, Liam Garrity, a displaced and desperate Irish immigrant, all of 14 years, fell in with a brutal gang as a matter of survival.

More about ‘Light of the Diddicoy’ here

Daily Link Fix

  • Borrowing the Internet from the Library: Anything that involves more internet hotspots is a good thing. Well, according to Gizmodo, libraries may start offering Wi-Fi in areas with lower bandwidth. We can’t help but wonder what the overdue fees will be.
  • Multitasking is So Yesterday: According to FastCo. there’s a new group of people in town to make us feel bad about ourselves. These “supertaskers” are roughly 2.5% of the population and no, just because you’re reading this and petting your dog does not mean you’re one of them.
  • A Quirky Mmuseumm Serenade: Whether it’s fun or just plain awkward is up to you. Brooklyn Magazine takes us to a Mmuseumm exhibit where musician Grey Gersten writes personalized songs and sings them for visitors.
  • Who Bought the Record-Breaking Sales in Crown Heights and Bed Stuy?: Bed Stuy has had some record-setting purchases lately signifying a change in the neighborhood. Who do we thank/blame? The brownstone has the answer, along with a recap of the four unprecedented purchases.
  • De Blasio to Rent Family Home: While we’re paying for Mayor Bill De Blasio and his family to live in Gracie Mansion, he’s looking to make a buck (or $6,500) off of his family home. Get all up in the mayor’s business in this NY Post article.
  • NYC Stars in Video Pitch for Democratic Convention: Mayor Bill De Blasio is vying for Brooklyn to be the home of the 2016 Democratic National Convention and he and his team are pulling all the stops. The NY Times has their two-minute video showcasing all that the city has to offer.

Images: Eternal Lips exhibit (left), Mayor De Blasio’s home (right)

Architecture, Meatpacking District

  • By Diane Pham
  • , June 25, 2014

What’s a little more glass and metal in a town overrun by supertalls, right? After getting shot down by the Landmarks Preservation Commission (LPC) for their design of a two-story, mixed-use glass crown to top the Pastis Building in the Meatpacking District, BKSK Architects went back to the drawing board only to emerge with a new idea that’s won the LPC’s blessing. Set to top the low-rise brick building at 9–19 9th Avenue, the redesign is a somewhat more subdued iteration that uses the same materials and form, but with much less glass.

See the before and after here

Cool Listings, East Village, Interiors

  • By Aisha Carter
  • , June 25, 2014

We’re going to take a quick detour from our mega-expensive, extravagant homes, and spotlight a pad that we think demonstrates the heart of New York City. New York is artsy and quirky and marches to the beat of its own drum. People walk the streets in all types of personal style, restaurants like S’mac and Peanut Butter & Co that are dedicated to one food attract patrons from all over. This city is one of a kind. So, we’re going to show you a one-of-a-kind apartment in a little neighborhood we like to call the East Village.

See what this duplex has in store here

Cool Listings, Greenpoint, Interiors

  • By Dana Schulz
  • , June 25, 2014

When you hear about a Greenpoint apartment for sale, “loft” might not be what first pops into your head.  But apartment 8 at 190 West Street, currently listed for $1.825 million through CORE, will make you a believer in Brooklyn loft living.

The 1,364-square-foot, one-bedroom apartment has all of the loft-like charms you’d hope for–steel support columns, nine-inch oak plank flooring, and exposed wood ceiling beams, duct work, and pipes.  It also feels twice its size thanks to 16-foot ceilings, 40 feet of street-facing frontage, eight-foot-high windows, a large skylight, and an open layout that can easily accommodate a two-bedroom conversion.

Don’t miss the rest of this Brooklyn beauty

Cool Listings, Interiors, Manhattan, Upper East Side

  • By Stephanie Hoina
  • , June 25, 2014

Remember the Sesame Street segment called “One of These Things is Not Like the Others”? (If you don’t, click here for a reminder). Well, it’s exactly what came to mind as soon as we saw photos of this gorgeous Upper East Side apartment located in Bridge Tower Place at 401 East 60th Street. The lush details in every room conjure up the French baroque style of Versailles with its lavish decoration and romantic elegance. Every room that is, except the beautiful but sorely out of place kitchen.

See why the kitchen doesn’t seem to belong

Cool Listings, Flatiron, Interiors

  • By Annie Doge
  • , June 24, 2014

Describing this Flatiron loft and ‘spacious’ and ‘bright’ somehow seems like an understatement, but there’s no denying that even just looking at this 4,000-square-feet home will make you fee sun-soaked. Up for one lucky renter to scoop up, this beautiful WXY Studio-restored space at 40 West 22nd Street is perfect for an artist or art collector hang their pieces and comes with plenty of space to host fabulous art parties and lots of friends. Though you should make sure the two Emmy Awards in the media room are put away…

Tour the light filled home


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