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NYC RENTALS: This week’s roundup of rental news & offers

Images (L to R): 325 Kent Avenue, Instrata Gramercy, 63 Wall Street and Watermark LIC

January 6, 2018

NYC RENTALS: This week’s roundup of rental news & offers

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Images (L to R): 325 Kent Avenue, Instrata Gramercy, 63 Wall Street and Watermark LIC Billionaire Grocer Launches ‘THE EAGLE’ and Completes 1,000-Unit Project in Downtown Brooklyn New Listings at 7W21: See Inside Elegant Rentals by Morris Adjmi Architects Checking-In on The Eugene: New Homes in Midtown’s Tallest Rental Tower Leases from $1,800/Month at South […]

The highlife: Architecture, spectacle and Art Deco New York

Photo of the 1931 Beaux Arts Ball courtesy of the Van Alen Institute

January 5, 2018

The highlife: Architecture, spectacle and Art Deco New York

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The architects who built the Jazz Age really knew how to get down. In January 1931, they turned the city’s annual Beaux Arts Ball into the ultimate Gatsby-approved bash. Instead of the stuffy historicism of years past, the party’s theme was “Fête Moderne -- a Fantasie in Flame and Silver." Advance advertising for the Ball in the New York Times promised an event “modernistic, futuristic, cubistic, altruistic, mystic, architistic and feministic," featuring the city’s most renowned architects dressed as their buildings, celebrating both themselves and the modern fantasy metropolis they had forged in flame and silver. Art Deco New York: the skyscraper city, glittering and strong, reaching ever higher – through technological advancement and American ingenuity – toward excitement, prosperity, enlightenment, and power.
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New renderings unveiled of John Catsimatidis’ 32-story Downtown Brooklyn rental ‘The Eagle’
January 5, 2018

New renderings unveiled of John Catsimatidis’ 32-story Downtown Brooklyn rental ‘The Eagle’

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Leasing has officially commenced at 86 Fleet Place, the final residential tower of John Catsimatidis' four-building development along Myrtle Avene, a site the billionaire first purchased from Long Island University in 1982. Dubbed by Catsimatidis' Red Apple Group as "The Eagle," the 32-story 440-unit building sits in between Downtown Brooklyn and Fort Greene and offers studios for $2,044/month, one-bedrooms for $2,743/month and two-bedrooms starting at $4,050/month. As CityRealty learned, residences will feature floor-to-ceiling windows, custom oak cabinets and Brazilian stone countertops.
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A 407-acre state park will replace a landfill in Central Brooklyn next year
January 5, 2018

A 407-acre state park will replace a landfill in Central Brooklyn next year

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Gov. Andrew Cuomo on Thursday announced a plan to create a 407-acre state park on Jamaica Bay in Brooklyn, which would be the largest state park in New York City. As a part of the $1.4 billion "Vital Brooklyn" initiative, the park would add much-needed green space in the Central Brooklyn neighborhood, an area the governor has described as a "park desert." Formerly the site of two landfills, the open space will be converted into parkland with opportunities for biking, hiking, fishing, kayaking, as well as educational facilities and an amphitheater.
See renderings of the park here
Snag an affordable one-bedroom in Bed-Stuy for $985/month

Image courtesy of StudiosC

January 4, 2018

Snag an affordable one-bedroom in Bed-Stuy for $985/month

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A Stuyvesant Heights building located in the heart of Brooklyn, nestled in the middle of Bushwick, Bed-Stuy and Williamsburg, is now accepting applications for nine affordable units. The five-story rental at 869 Park Avenue sits between two busy thoroughfares, Marcus Garvey Boulevard and Broadway. Qualifying New Yorkers earning 60 percent of the area median income can apply for the $985/month one-bedroom apartments. 
Find out if you qualify
Fire Patrol House #2: From Benjamin Franklin’s fire prevention ideas to Anderson Cooper’s stylish home

Fire Patrol #2 in 2009, via Greenwich Village Society for Historic Preservation Image Archive

January 4, 2018

Fire Patrol House #2: From Benjamin Franklin’s fire prevention ideas to Anderson Cooper’s stylish home

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The former firehouse located at 84 West 3rd Street in Greenwich Village is often noted for being the renovated and restored home of TV personality and journalist Anderson Cooper. But it’s just as noteworthy for an unusual history connected to Benjamin Franklin and insurance underwriters, and for not being the kind of firehouse you think it is at all.
The whole history and current use
Lottery opens for 130 mixed-income apartments in the South Bronx, from $865/month

Rendering courtesy of Dattner Architects

January 3, 2018

Lottery opens for 130 mixed-income apartments in the South Bronx, from $865/month

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A Dattner Architects-designed building at 491 Gerard Avenue in the Mott Haven section of the South Bronx is now accepting applications for 130 low- and moderate-income apartments. Developed by Signature Urban Properties and Monadnock Construction, the 12-story, 136-unit building is part of a bigger mixed-use complex. Qualifying New Yorkers earning 60 and 90 percent of the area median income can apply for units ranging from a $865/month studio to a $1,831/month three bedroom.
Find out if you qualify
A massive 1,000-unit mixed-use project is planned right off the Coney Island boardwalk

Rendering of Coney Island North Venture via The Prusik Group

January 3, 2018

A massive 1,000-unit mixed-use project is planned right off the Coney Island boardwalk

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It's slated to be a big year for Coney Island--and not just when it comes to new rides and attractions. A massive development will join the growing redevelopment of the beachfront locale, which will be home to at least four major projects totaling 2,151 units in the coming years. According to CityRealty, Taconic Investment Partners and The Prusik Group are planning to build a ground-up, mixed-use complex tentatively referred to as "Coney Island North Venture." It'll be comprised of 1,000 apartments, 80,000 square feet of office space, and 150,000 square feet of retail along Surf Avenue. The complex will join a new 42-story tower, plus a 440-unit development that will boast its very own trolley.
All the development details
Cuomo asks MTA to study possible subway extension from Manhattan to Red Hook

Red Hook waterfront, photo via Sunghwan Yoon on Flickr

January 3, 2018

Cuomo asks MTA to study possible subway extension from Manhattan to Red Hook

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Gov. Andrew Cuomo called on the Metropolitan Transportation Authority on Tuesday to study a possible extension of subway service from Lower Manhattan to a new station in the Brooklyn neighborhood of Red Hook. In addition to expanding transit options, the governor is also asking the Port Authority of New York and New Jersey to consolidate maritime operations by relocating them to Sunset Park, as a way to free up space for community activities. The revitalization of Red Hook is Cuomo's 21st proposal expected to be delivered in his 2018 State of the State address on Wednesday.
Find out more
Five chances to live near Columbia’s Manhattanville campus from $950/month

Photo of 517 West 134th Street via CityRealty

January 2, 2018

Five chances to live near Columbia’s Manhattanville campus from $950/month

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Applications are now being accepted for five affordable units at 517 West 134th Street, in the burgeoning Manhattan neighborhood of West Harlem. Developed by KP Developers, the eight-story building sits between Amsterdam Avenue and Broadway, near Columbia University's Manhattanville Campus. Qualifying New Yorkers earning 60 percent of the area median income can apply for four $950/month one-bedrooms and one $1,050/month two-bedroom.
Find out if you qualify
The evolution of Hudson Square: From the Printing District to ‘affordable’ luxury
January 2, 2018

The evolution of Hudson Square: From the Printing District to ‘affordable’ luxury

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Hudson Square is undergoing another transformation. The neighborhood was once known as the Printing District because of the printing companies attracted to the large concrete and steel factory buildings located close to their Wall Street clients. In the 1970s and ‘80s, technology and design companies replaced the printing industry, attracted by the architecture, location, transportation options, and affordable rents. But the area is once again evolving. This time it's experiencing a boom of what developers and realtors call “affordable luxury" condominiums (in the $1 - $2 million range) due to the largest privately-initiated rezoning efforts in the history of New York City. Not only is the neighborhood growing in height and residences but a large fund has been set aside to increase the neighborhood's commercial mix, greenery, and traffic flow.
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Battle heats up over East Harlem park where a 760-foot tower is planned

Rendering of 321 East 96th Street via Perkins Eastman Architect

January 2, 2018

Battle heats up over East Harlem park where a 760-foot tower is planned

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Located on Second Avenue between East 96th Street and East 97th Street, the Marx Brothers Playground boasts a jungle gym and ball fields spread out over 1.5 acres. The East Harlem green space, which first opened in 1947 on land formerly occupied by the car barn of the Second Avenue Railway, has found itself at the center of a debate between preservationists and developers. As the New York Times reported, park advocates and city officials disagree on whether the parcel is considered a park or a playground. If it's a park, any plans to modify it require the approval from the State Legislature and the governor; playgrounds do not. While it seems irrelevant, the categorization of the land will determine whether a 68-story mixed-use tower will rise on its site, a project backed by city officials and affordable housing advocates.
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Why do transit projects in NYC cost more than anywhere else in the world?

Construction workers giving a tour of the Second Avenue subway in 2015, photo via the MTA on Flickr

December 29, 2017

Why do transit projects in NYC cost more than anywhere else in the world?

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Even as the Metropolitan Transportation Authority has cut costs on basic maintenance, they have allowed trade unions, construction companies and consulting firms to negotiate exorbitant deals on transit projects, with little intervention from officials.  According to an investigation by the New York Times,  labor unions have secured deals requiring construction sites be staffed as many as four times more workers than anywhere else in the world. Construction companies have increased their projected costs by up to 50 percent when bidding for work from the MTA and consulting firms have convinced the authority to spend an excessive amount on design and management. Caught up in the bureaucracy of the industry, neither public officials nor the authority have attempted to contain the spending.
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65th-floor unit at 432 Park changes hands for the third time in a year-and-a-half
December 28, 2017

65th-floor unit at 432 Park changes hands for the third time in a year-and-a-half

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The end of 2017 has seen a lot of record-setting headlines for 432 Park Avenue, namely the $91 million, three-penthouse sale that was the city's most expensive all year. And a sale at the supertall that came through city property records today makes it clear that there's no sign of slowing down. Unit 65A, a half-floor, three-bedroom spread, first sold in June of 2016 for $27 million to an anonymous LLC dubbed "432 Holdings LLC." This past September, the building's developers CIM Group and Macklowe Properties bought back the apartment for $27.9 million in a presumed attempt to let the seller buy a larger unit in the building. As The Real Deal reported, the seller did just that, upgrading to an 80th-floor unit that cost $39 million. But as of today, the developers have all but made their money back, as the 65th-floor residence sold yet again for $26.4 million to another LLC called "Mallow Enterprises."
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VIDEO: Travel back to 1904 for the first New Year’s Eve in Times Square

A crowd in Times Square; screenshot via TheLazyCowOnUTube

December 28, 2017

VIDEO: Travel back to 1904 for the first New Year’s Eve in Times Square

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In 1904, the New York Times moved from the City Hall are to the triangular piece of land at the intersection of 7th Avenue, Broadway, and 42nd Street. People thought they were crazy for moving so far uptown, but this was the same year the first subway line opened, passing through what was then called Longacre Square. Not only did their new Times Tower have a printing press in the basement (they loaded the daily papers right onto the train and got the news out faster than other papers), but it was the second-tallest building in the city at the time. To honor this accolade, the company wanted to take over the city's former New Year's Eve celebration at Trinity Church, and since the church elders hated people getting drunk on their property, they gladly obliged. So to ring in 1905, the Times hosted an all-day bash of 200,000 people that culminated in a midnight fireworks display, and thus the first New Year's Eve in Times Square was born. But it wasn't until a few years later that the famous ball drop became tradition.
Get the full history in this video
6SQFT’S TOP STORIES OF 2017!
December 28, 2017

6SQFT’S TOP STORIES OF 2017!

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As we wrap up 2017, 6sqft is taking a look back at the top stories of the past 12 months in topics like apartment tours, celebrity real estate, new developments, transportation proposals, and history. From a look inside a 150-square-foot tiny apartment to new renderings of the Moynihan Station train hall to a look back at the gritty Meatpacking District of the '80s and '90s, these are the stories that readers couldn't get enough of.
See the full list here
ODA Architects reveal renderings for Crown Heights hotel with arched patio and floating gardens

Proposed renderings courtesy of ODA Architects

December 27, 2017

ODA Architects reveal renderings for Crown Heights hotel with arched patio and floating gardens

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Perhaps piggybacking on the positive reaction to their Rheingold Brewery project, ODA Architects have revealed renderings for another Brooklyn project with a central courtyard, sloping green roof, and stepped terraces. First spotted by CityRealty, the proposed views depict the Bedford Hotel at 1550 Bedford Avenue in Crown Heights, a five-story, 100-key development at 1550 Bedford Avenue. And according to plans submitted to the DOB, there will be a rooftop bar and a banquet hall and retail/restaurant spaces on the ground floor.
More details and renderings ahead
Winters during 19th century New York were so cold, the East River froze over

Crossing the East River on the ice bridge (1871) via NYPL

December 26, 2017

Winters during 19th century New York were so cold, the East River froze over

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While New York City is getting hit by a blast of arctic temperatures this week, New Yorkers of the mid- and late-1800s experienced even colder conditions. During the 19th century, the East River froze over at least seven times, shutting down the Brooklyn Bridge and preventing any ferries from crossing over. But, like today’s New Yorkers, the frozen river never stopped commuters from reaching their destinations. Instead of staying home, people would walk across the frozen East River, skating and slipping along their way.
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On this day in 1937, the Lincoln Tunnel opened to traffic

Photo by Jumpy via Wikimedia Commons 

December 22, 2017

On this day in 1937, the Lincoln Tunnel opened to traffic

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On December 22, 1937, the center tube of the Lincoln Tunnel opened to traffic. The $85 million project ($1.5 billion in today's dollars) linking Weehawken, NJ to Midtown Manhattan was hailed as a "new link of friendship between New York and New Jersey" and an "engineering feat." On that inaugural day, 7,661 cars drove through the 1.5-mile-long tunnel, paying 50 cents and likely not realizing they were 97 feet underwater.
Find out about the characters who made this day even more eventful
What lies below: NYC’s forgotten and hidden graveyards

Zoom of the 1852 Dripps map of Manhattan, showing the proximity of downtown cemeteries, via David Rumsey Map Collection

December 21, 2017

What lies below: NYC’s forgotten and hidden graveyards

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Most New Yorkers spend some time underground every day as part of their daily commute, but some spend eternity beneath our streets, and in a few cases occupy some pretty surprising real estate. Manhattan cemeteries are tougher to get into than Minetta Tavern without a reservation on a Saturday night because as far back as 1823, New York forbade new burials south of Canal Street. In 1851 that prohibition was extended to new burials south of 86th Street, and the creation of new cemeteries anywhere on the island was banned. But thousands of people were buried in Manhattan before those restrictions went into effect. And while some gravesites remain carefully maintained and hallowed ground, such as the those at St. Mark’s in the Bowery Church on Stuyvesant Street, Trinity Church on Wall Street, and St Paul’s Church at Fulton and Broadway, others have been forgotten and overlaid with some pretty surprising new uses, including playgrounds, swimming pools, luxury condos, and even a hotel named for the current occupant of the White House.
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Ring in the New Year with these 10 artsy NYC events

Photo via Allison Marchant/Flickr

December 21, 2017

Ring in the New Year with these 10 artsy NYC events

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Close out 2017 with creativity at one of these arty parties or events. Look to Salvador Dali for the 3rd Annual Surrealist Ball, or channel the Great Gatsby at Hudson Terrace. If masquerade is your thing, check out Sleep No More’s sumptuous King’s Feast, the Truman Capote-inspired Black and White Ball, or get weird at the House of Yes. If you’re more laid back, have a classy evening of cocktails at Freemans or Raines Law Room. For the truly bold, brave the crowds to watch the ball drop in Times Square. And if New Year’s Eve isn’t your thing, celebrate New Year’s Day with a Victorian get together at the Merchant House Museum, or take a plunge into the ocean with the Coney Island Polar Bear Club. Whatever you decide to do- have a happy and safe New Year!
Details on these events and more this way
Chinese buyer snags three penthouses at 432 Park for $91M
December 20, 2017

Chinese buyer snags three penthouses at 432 Park for $91M

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After dropping a staggering $91.1 million, a buyer from China now owns three penthhouse apartments at 432 Park Avenue, the most expensive closing to date. Picking up units 92, 92B and 93B, the buyer, 432 Park Joy LLC, gets 11,906 square feet spanning two floors (h/t TRD). As 6sqft learned earlier this month, the combined units originally hit the market for roughly $120 million. Prior to this deal, the largest closing at the supertall was a penthouse that was asking $95 million but closed last year for $87.7 million. But it's still One57 that holds the record for the city's priciest residential deal, a penthouse that sold for $100.4 million in 2014.
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The Upper West Side’s next tall tower reveals its Art Deco design
December 19, 2017

The Upper West Side’s next tall tower reveals its Art Deco design

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Despite some initial construction hiccups, plans for the 668-foot residential tower at 200 Amsterdam Avenue continue to move forward. According to YIMBY, the tower's developers, SJP Properties and Mitsui Fudosan, have unveiled new renderings of the Upper West Side building, including an up-close shot of its crown. Designed by Elkus Manfredi, the exteriors feature an aluminum curtainwall and metal panels. New York firm CetraRuddy will take on the interiors of the 112-unit condominium building.
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Republican tax bill cuts critical funding for the MTA, report says

Photo via Wikimedia

December 18, 2017

Republican tax bill cuts critical funding for the MTA, report says

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If Congress passes the GOP-backed tax reform bill this week, the already-beleaguered Metropolitan Transportation Authority will find itself in even more financial trouble, says a joint study released by transit advocacy groups Riders Alliance and the Tri-State Transportation Campaign on Sunday. The legislation adds $1.46 trillion in debt by providing the wealthiest Americans and corporations with tax cuts. As amNY reported, the tax plan would jeopardize the financing of major projects from the MTA like expanding the Second Avenue subway and even everyday operations. The MTA relies on federal funds to pay for about 23 percent of capital needs.
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