6sqft has previously shared data that it only makes sense to buy a home in New York City after having lived here for 18.2 years, longer than anywhere else in the nation by a long shot. When and if that time comes, Manhattanities are looking to drop an average of $500,000 for a down payment, according to a new report from Property Shark. To put this figure into perspective, the average price nationwide to buy an entire home is $300,000. And in the Manhattan luxury market, the median down payment is a whopping $3.15 million, which might explain why, according to 2014 census data, only 32% of New Yorkers owned their homes.
It appears the Secret Service and NYPD are indeed taking measures to minimize the disruption caused by Melania and Barron staying put in NYC. TMZ writes that instead of implementing full street closures any time the young Trump moves to and from school, streets will be blocked off in a rolling pattern to accommodate the boy’s armed motorcade.
According to TMZ’s sources, the plan would only require that streets be closed off for a few minutes as the car carrying Barron passes. Moreover, the route would be changed regularly for security purposes and the NYPD will help ensure that roads reopen in a timely fashion.
In tow, of course, will also be Melania who dutifully escorts her son to his private school every day without excuse. As we wrote previously, Melania opted to stay in the city—much to the chagrin of New York taxpayers—so that Barron could finish out the school year. Come summer, the pair will reportedly transition to D.C.
Barron will return to school on Wednesday, and we’ll see then if this all works out as planned.
It appears the Secret Service and NYPD are indeed taking measures to minimize the disruption caused by Melania and Barron staying ...
For New York home buyers, a lot can change in a year. A neighborhood that was considered affordable can all of a sudden become out of reach, whether it be from new developments like a subway or good old fashioned gentrification. For this reason, Fast Forward Labs created an interactive map that predicts the price of real estate in 2018. As Google Maps Mania explains, “The map allows you to input a housing budget and see how likely it is that you will be able to afford to buy a property in different New York neighborhoods during different future time periods.”
Of course these are merely predictions, but they’re based on Fast Forward Labs’ Probabilistic Real Estate Prototype, a system of developing hierarchical models by grouping together observations and studying their similarities. For neighborhoods where less data was available, they filled in the holes by looking at similar areas. For example, if the West Village was lacking, they’d use data from the East Village and Brooklyn. For the most part, though, the predictions assume that past and current trends will continue, which is why you can toggle the years back to 2010; this also provides a way to visualize a neighborhood’s trajectory over the past seven years.
The map has two interfaces: Probability mode, where users can input a price and see the likelihood that they’ll be able to afford a property in a neighborhood; and Price mode, where you can see how much cash you’d need to have a high, medium, or low chance of purchasing a home in each neighborhood. After zooming in to a neighborhood, there are graphs that show how a given neighborhood has evolved since 2010. There’s also the option to zoom in further and select a specific segment of an area to get data that’s nearly down to the block.
For New York home buyers, a lot can change in a year. A neighborhood that was considered affordable can all ...
The most interesting thing about Soho lofts is often the people who inhabit them; all begin as hangar-sized white spaces with historic bones and impossibly high ceilings, but they end up as diverse and unique as their residents (who are likely to be artists of one kind or another). This 2,000-square-foot example of original loft loveliness at 62 Greene Street belongs to multiple-prize-winning photographer Neal Slavin, whose work is part of the two-bedroom apartment’s colorful mix of art, antiques and cozy furnishings. The home is now up for rent for $9,995 a month.
A key-locked elevator opens to a huge private floor with 14-foot original tin ceilings, columns and maple floors. Like most lofts, this one is filled with sunshine from walls of windows.
Far from cold and minimal, the furniture and accessory choices throughout the home provide as much soft and cozy as you’d find in a country cottage.
A spacious and tidy renovated kitchen has the added perk of a washer/dryer; the home’s full bath is newly renovated in a style that’s both rustic and modern, with multicored ceramic tiles, a free-standing tub and an enormous marble-topped custom vanity.
Up the stairs are the home’s two lofted bedrooms and a half bath. All are spacious and make use of original details wherever possible.
The lease terms are six months to a year, the furniture stays (though why would we mind?) and the approval process is fast and easy according to the listing.
The most interesting thing about Soho lofts is often the people who inhabit them; all begin as hangar-sized white spaces with ...
Even when all hope seems lost—there’s nothing like a free cheeseburger to raise morale. Shake Shack is celebrating the launch of their new iOS app by giving complimentary ShackBurgers to first-time downloaders. The offer is valid at all U.S. locations, with the exception of ballparks and airports, now through February 28th.
Penn Station’s archaic-yet-iconic Amtrak departure board is officially coming down today to make way for a series of updated, smaller ...
City Water Tunnel No. 3, one of the largest capital projects in the city’s history; Images: NYC DEP
Mayor Bill de Blasio will officially announce Tuesday that $300 million will be allocated toward the completion of the city’s third water tunnel (known as Water Tunnel No. 3) which will bring drinking water from upstate to the city’s taps. The mayor’s announcement backs up assurances he made in April that the tunnel will be ready for activation in an emergency by the end of this year, and fully operational by 2025, Politico reports. The allocation, along with an additional $3 million to disinfect the Brooklyn/Queens section of the tunnel, is part of the city’s 10-year capital plan and will speed up the timeline for completion of the project.
The new third tunnel is meant to function as a backup in case the city’s two older tunnels fail. It’s already bringing water to Manhattan and the Bronx, but segments that would supply Brooklyn and Queens are still waiting for the construction of two deep shafts. The mayor’s office also announced that the tunnel will be connected to one that delivers water to Staten Island.
As 6sqft previously explained, the construction of the third tunnel is one of the biggest capital projects in NYC history; by the 2020s the tunnel is expected to carry water to all five boroughs, freeing up tunnels one and two, built in 1917 and 1936, respectively, for easier inspection.
City Water Tunnel No. 3, one of the largest capital projects in the city’s history; Images: NYC DEP Mayor Bill ...
Emmy-winning actress and animal-rights activist Doris Roberts (you probably know her best as Marie Barone from “Everybody Loves Raymond”) passed away in April at the age of 90, and her estate has now put her classic duplex co-op on the market for $3,295,000. The five-bedroom apartment at 200 Central Park South boasts a marble foyer, two terraces with partial park views, and oversized windows.
The apartment has new hardwood floors and windows throughout. The open living/dining area is perfect for entertaining thanks to a terrace, built-in banquet, bar area with wine refrigerator (this isn’t pictured) and proximity to the kitchen, which has more built-in seating and plenty of cabinet space.
A curved staircase leads to the second floor, where the master suite is located. It has a good amount of closet space, an en-suite marble bath, and a terrace. The second bedroom also has a marble bath and terrace access.
According to the listing, the residence “incorporates the luxurious lifestyle of a white-glove cooperative with townhouse elegance.” The building is actually quite recognizable for its curving corner, bands of balconies, and location at the corner of Central Park South and Seventh Avenue. It has a 24-hour doorman, laundry room, gym, on-site garage with valet service, and roof observatory with amazing park views.
Emmy-winning actress and animal-rights activist Doris Roberts (you probably know her best as Marie Barone from “Everybody Loves Raymond”) passed away ...
In the fall of 1872, an unfortunate horse plague swept across New York City after making its way through Toronto, New England and Michigan. The New York Times headline from October 25th read, “The Horse Plague, Fifteen thousand horses in the city unfit for use.” While the city was no stranger to disease inflicted horses, the magnitude of this particular outbreak was unprecedented.
“The Horse Plague,” however, was different from other outbreaks the city had seen in the past, as this particular strand of equine influenza sickened nearly all horses exposed but rarely lead to any deaths. The ill-stricken horse population caused many problems for New York City since it was at the time powered by horse-pulling stages and street cars. Horses were responsible for not only transporting people but also raw materials and merchandise—all of which needed to be shut down on account of the sick horses.
As a result of the horse illness, almost all the stage lines were suspended or saw significantly reduced schedules. Additionally, the express companies responsible for the city’s deliveries were either closed or scaled back.
With all of the horses on sick-leave, men were forced to fill in and replace their ill-fated four-legged colleagues. “People were forced to transform into beasts of burden, using pushcarts and wheelbarrows to transport the merchandise that was piling up at docks,” wrote Nancy Furstinger in Mercy.
In addition to manpower, oxen were also brought in to cover the slack, but at a lofty price. Handlers charged $10-$12 a day for their use. In these desperate times, some owners ran their horses despite their obvious need for rest and recovery; collapsion from exhaustion was not uncommon.
Opposition to the inhumane acts emerged and particularly angered a man named Henry Bergh. Bergh, who had recently formed the American Society for the Prevention of Cruelty to Animals, stood outside of Cooper Union and demanded that “the brutes to stop driving the gasping beasts.”
Similar to other historic outbreaks, the standard living conditions for horses at the time were partial to blame. “The car and stage horses of this city suffer invariably from all possible forms of equine disease . . . badly fed, worse housed, overworked, and never groomed, they are ready victims of disease,” commented the Times.
The outbreak lasted through December, and the horses thereafter returned to work.
In the fall of 1872, an unfortunate horse plague swept across New York City after making its way through Toronto, ...
Given our growing obsession with skyscrapers–and our growing collection of them–we’re pleased to find that New York City has more skyscrapers than the next 10 skyscraper-boasting cities–combined. The infographic from highrises.com (h/t TRD) shows that NYC has 6,229 high-rise buildings, while Chicago has just 1,180, and second-most-populous Los Angeles a mere 518.
The chart above represents the figures for each city as one big, bad skyscraper, which, in the case of NYC is One World Trade, of course. 6sqft recently reported that 2016 was a world-record year for tall buildings in NYC, with 128 buildings 200 meters/656 feet or higher built, and more on the way in 2017.
Given our growing obsession with skyscrapers–and our growing collection of them–we’re pleased to find that New York City has more skyscrapers than ...
All the way back in August 2014, 6sqft featured the $5 million listing for this stylish co-op at 147 West 22nd Street in Chelsea, pointing out its trendy features such as a retractable garage-style glass door, massive open living space with wall-to-wall windows, and uber-contemporary kitchen. And as it turns out, the full-floor spread belonged to producer and director Steven Soderbergh, who’s best known for his work directing “Erin Brockovich,” “Traffic” (for which he won the Oscar), and “Ocean’s 11.” The Real Deal reports that he’s now finally found a buyer for the apartment, selling it for $4.8 million.
The pre-war loft is currently configured as a three-bedroom with a media room, but the listing offers alternate floorplans for the 4,000-square-foot space. Its interiors were renovated by by set design Philip Messina, who worked with Soderbergh on “Ocean’s 11” in 2011.
The open living/dining area has 40 feet of south-facing windows; off this space is the anodized aluminum retractable door that opens to one of the bedrooms. Other features include custom-stained oak floors, CitiQuiet windows, an LG washer/dryer, private key-locked elevator, basement storage, and access to the shared roof deck.
The kitchen was recently renovated and has a four-seat breakfast bar and wine storage.
In the back is the master suite; its en-suite bathroom is outfitted with Carrera marble, Zuma soaking tub and steam shower. Adjacent is the “pin-drop quiet” media room.”
As The Real Deal notes, Soderbergh bought an $8.5 million apartment in Tribeca’s 7 Harrison Street in 2015.
All the way back in August 2014, 6sqft featured the $5 million listing for this stylish co-op at 147 West 22nd ...
This grand Fifth Avenue co-op belongs to the socialite and political fundraiser Georgette Mosbacher, who has hosted everyone from King Juan Carlos I of Spain to Tom Hanks to Presidents George H. W. Bush, Bill Clinton and Donald Trump at her apartment. It occupies the entire fifth floor of 1020 Fifth Avenue, a prestigious limestone cooperative, and it’s now asking $29.5 million. Mosbacher, who has lived here since 1992, told the New York Times, “It’s come to a point where I want to make a change in my life, and it won’t happen unless I shake it up.” So now the palatial pad could be yours.
Mosbacher is only the second owner of the apartment–the first was an Italian countess who took up residence after the limestone-clad building was completed in 1925. She restored many of the original details, like a painted coat of arms in the grand salon, the oak floors, carved doors and three wood-burning fireplaces.
She also set up the space for entertaining, especially the 20-by-40-foot grand salon, which features a fireplace with an ornate plaster mantle, as well as a crystal chandelier hanging from the center of a 20-foot-tall fresco-painted ceiling. Sixteen-foot-high paned windows look down upon Fifth Avenue. According to the Times, the room can fit 200 people.
A 5-by-11-foot central gallery is decorated with a gold-leaf soffit ceiling and two giant bronze centaurs near the main entrance. This luxe hallway separates the public rooms from the bedrooms and kitchen.
The formal dining room is surrounded by walls upholstered in a jacquard fabric. The table, which sits beneath a Russian chandelier, seats 18 guests.
The paneled library has a marble fireplace and a mariner’s map painted on the ceiling. Through these windows you get a glimpse of Central Park.
Like all great cooperative apartments, the floor plan offers a great flow between rooms. (It was designed by the architecture firm Warren & Wetmore, the main architects of Grand Central Terminal.) Lalique glass doors connect the salon to the library, while a hand-painted door in the salon connects to the dining room. And a long hallway adorned with Gracie wallpaper leads to the four en-suite bedrooms. According to the broker, “there are no dead rooms.”
The co-op–considered the one of most prestigious along Fifth Avenue–is located right across from the Metropolitan Museum of Art. It only holds fourteen, full-floor apartments and this is the only one currently on the market.
This grand Fifth Avenue co-op belongs to the socialite and political fundraiser Georgette Mosbacher, who has hosted everyone from King ...
Space T2 is a minimal artist studio located in Rhinebeck, NY. Stephen Holl Architects built the off-grid cabin using what remained of a 1959 hunting shack, dressing the exterior in a sleek black wood skin while keeping the interior core a cool and contrasting white. The tiny abode rests on a handful of stilts that have been embedded in the sloping earth below.
Space T2 is located on a 28-acres of forest. Holl developed the design as a study of light and space, and as such it features seven “light turrets”; four cubic skylights thrust upward, two cubic bays thrust outward and an east-facing light catcher that also constitutes the entry. In all, the space measures 750 square feet.
Although boxy and rectangular at first glance, the studio uses a T-shaped layout to extend the space. And while it’s been covered with pitch-black tar paper, on the inside, a white-painted plywood interior creates a clean and serene background for producing art.
Completely off-grid, the cabin has no heating, electricity or plumbing. Holl wanted the space to be dedicated to the creation of art and the preservation of the surrounding landscape.