Search Results for: -fifth avenue

The HAP Ten building at 2211 Third Avenue and 121st Street in East Harlem was created by HAP Investment Developers and designed by Karl Fischer Architects, who employed a gray brick facade with metal panels and several rows of glass balconies. Starting tomorrow, New Yorkers earning 60 percent of the area median income can apply for 22 affordable apartments in the 108-unit building, ranging from $913/month studios to $1,183/month two-bedrooms. Amenities include a concierge, fitness center, rooftop terrace, parking, outdoor entertainment space, and bike room.
Find out if you qualify

Affordable Housing

First look at Central Park Tower’s palatial amenity spaces and apartment layouts

Central Park Tower renderings (Extell / AS+GG)

July 12, 2017

First look at Central Park Tower’s palatial amenity spaces and apartment layouts

We expected that Central Park Tower, the city's tallest-tower-to-be swiftly rising at 225 West 57th Street, would be giving Midtown record-smashers like 432 Park Avenue a run for their trophy-tower money. And now newly-revealed details uncovered from the building's EB-5 brochure offer a first glimpse of what the upcoming supertall's rivals could be up against. The preliminary overseas marketing images spotted by CityRealty show off the 1,550-foot-tall building's apartment layouts and the ultra-luxe amenity spaces that will sit high above the hotel and Nordstrom, the building's flagship retail tenant. Developer Gary Barnett's new condo development is the most expensive ever attempted in the city and is projecting a $4 billion sellout including retail and hotel tenants.
Sky palaces and amazing amenities this way

July 11, 2017

Hip loft with vaulted ceilings and a private roof deck asks $485K in Bay Ridge

By Emily Nonko

The neighborhood of Bay Ridge, in southern Brooklyn, isn't exactly known for cool loft spaces. But this 850-square-foot, two-bedroom pad, at the cooperative 307 72nd Street, might be mistaken for being in Williamsburg. It has high vaulted ceilings with skylights, multiple exposures, exposed brick, and a lofted home office. A large private roof deck is the icing on the cake. And it's definitely cheaper than any two-bedroom in Williamsburg: while the apartment was last listed for $359,000 in 2012, it is now asking $485,000.
Go take a look

Distinctive Homes

July 10, 2017

Here’s what will change as the ‘summer of hell’ for commuters begins

Eight weeks of infrastructure repairs at Penn Station officially began Monday, affecting commuters using the Long Island Rail Road, Amtrak and New Jersey Transit. Amtrak will close some of the station’s 21 tracks for renovations, which will force the MTA to cancel or divert 15-weekday trains between 6 a.m. and 10 a.m. Overall, there will be a 20 percent reduction in the number of trains to Manhattan from NJ and Long Island. To minimize the impact on riders, the MTA has offered discounted fares and transit alternatives like ferry and bus service (h/t NY Times).
Find out how your commute will be affected

July 10, 2017

From NoLiTa to SoHa: The practice and controversy of rebranding NYC neighborhoods

By Cait Etherington

New York is home to dozens of distinct neighborhoods with their own names, identities, and histories. Some of these neighborhoods acquired their names by misfortune (Hell’s Kitchen gained its moniker due to its tough reputation), others by function (the Battery was once home to a series of artillery batteries), and some were coined by local artists playing with abbreviated combinations (SoHo is likely the most well-known example). However, at least some New York City neighborhoods, including the East Village and NoLita, were created by real estate agents in an attempt to “rebrand” areas that historically had a reputation for being either undesirable or simply boring places to live. Increasingly, this now well-established practice is coming under attack and if one local state senator is successful, the practice may even soon be illegal.
read more here

Real Estate Trends

July 10, 2017

Cozy Yorkville duplex with a private terrace asks $575K

By Emily Nonko

Just two blocks away from the new Second Avenue subway stop at 96th Street is this very adorable duplex co-op. It's located at 226 East 95th Street, in Yorkville, a small 29-unit elevator cooperative. This particular apartment last sold in 2014 for $475,000 and is now asking $575,000. A spiral staircase from a brick-walled living room leads up to the single bedroom, which has a sliding door out to the lush private terrace.
Take the tour

Distinctive Homes

July 10, 2017

Two chances to live in hip Bed-Stuy from $947/month

Qualifying New Yorkers earning 60 percent of the area median income can apply for an affordable one-bedroom for $947/month or a two-bedroom for $1072/month at 452 Lafayette Avenue in Bedford-Stuy. Located at the intersection of Lafayette and Franklin Avenues, this apartment building sits near the Pratt Institute as well as plenty of shops, bars, and restaurants. Amenities include a roof terrace and laundry room, along with being just steps away from the G train.
Find out if you qualify

Affordable Housing

FREE RENT: This week’s roundup of NYC rental news

Images (L to R): The QE7, 71 Broadway, Columbus Square and Portside Towers

July 9, 2017

FREE RENT: This week’s roundup of NYC rental news

By Emrys Fitzgerald

From Bowling Alley to Co-Living Rentals, The Lanes Makes its Debut in Long Island City [link] The Posthouse Debuts in Clinton Hill; Brand New Rentals from $2,013/Month [link] Move-In Ready Apartments at Columbus Square on Upper West Side Leasing with 1 Month Free [link] North America’s Biggest New Co-Living Building Tops Out in Long Island […]

Real Estate Trends

July 7, 2017

Live in Joe DiMaggio’s former Upper West Side penthouse for $4.5M

If the Yankees' recent spate of bad luck has gotten you down, here's one way to re-live the Bronx Bombers' glory days--though it'll cost you $4.5 million. LL NYC noticed that Joe DiMaggio's former Upper West Side penthouse has hit the market. Joltin' Joe lived in the classic six pad at 400 West End Avenue from 1939-1942, during his brief marriage to actress Dorothy Arnold, as well as his record-breaking 56-game winning streak. In addition to the celebrity pedigree, the most spectacular part of the home is its 1,300-square-foot, wrap-around terrace with three exposures offering views of the iconic Apthorp, Hudson River and New Jersey, and George Washington Bridge.
See the whole place

July 7, 2017

Hudson River tunnel project’s price tag jumps nearly 50 percent to $13 billion

According to a report released Thursday by the federal government, constructing a new rail tunnel under the Hudson River and repairing the existing one could cost nearly $13 billion, almost a 50 percent increase from an earlier $7.7 billion estimate. Transit officials say they are moving forward with the project because of its urgency; the two-track tunnel, which takes Amtrak riders and NJ Transit commuters to and from New York City, is over 100 years old and was severely damaged by Hurricane Sandy. According to Crain’s, the report, which evaluated the plan’s environmental and economic impacts, follows the recent withdrawal of the U.S. Transportation Department from the Gateway corporation board.
Find out more

July 7, 2017

Fashion designer Reem Acra lists Chelsea condo combo with dramatic art for $5.5M

Fashion designer Reem Acra is selling her 3,200-square-foot spread in the Chelsea Atelier at 245 Seventh Avenue, Luxury Listings reports. The Lebanese-born designer, who made news for having created First Lady Melania Trump's inauguration-eve dinner gown, purchased two apartments in the building nearly two decades ago. The sprawling, loft-like space, asking $5.5 million, features dramatic art on the walls and ceilings including a wall-sized photo featuring a model wearing one of the designer's wedding dresses that was used in an ad campaign.
Take the grand tour

July 6, 2017

$589K co-op is nestled on the charming single block of Fiske Place in Park Slope

By Emily Nonko

Fiske Place is a quiet, single-block of Park Slope between Carroll Street and Garfield Place, one block to Prospect Park. Inside this brick building at 19 Fiske Place is a one-bedroom co-op that's just hit the market for $589,000. If you don't mind a two-flight walkup, the apartment is bright and stylish, with a renovated kitchen and corner bedroom that overlooks the building's garden. The last recorded sale for the space was in 2005 for $349,000.
Take a look around

Distinctive Homes

Locals employ new zoning strategy to keep skyscrapers from rising in Midtown East

New rendering of the entrance to 430 East 58th Street, also known as Sutton 58. Photo: Thomas Juul-Hansen

July 6, 2017

Locals employ new zoning strategy to keep skyscrapers from rising in Midtown East

In what they're calling an "unprecedented citizens' application," the East River 50s Alliance, a Sutton Place/Midtown community group, has mounted a renewed campaign to oppose an 800-foot tall condo tower that's rising at 430 East 58th Street, the Wall Street Journal reports. As 6sqft previously reported, the developers of the new tower, Gamma Real Estate, closed on the $86 million site earlier this year in a bankruptcy sale and hired Danish-born architect Thomas Juul-Hansen to design the new skyscraper. The group has filed an application for a zoning change that calls for a ban on tall towers in a 10-square-block area; developers regularly file for zoning changes that cover only the property they're looking to build on.
Find out more

New Developments

July 6, 2017

Art Nerd NY’s top art, architecture, and design event picks – 7/6-7/12

By Lori Zimmer

Art Nerd New York founder Lori Zimmer shares her top art, design and architecture event picks for 6sqft readers! Times Square is offering up some pretty cool art experiences this week including a late-night 3D movie and vintage telephone booths that have been repurposed to play stories from immigrants to our great city. The High Line is holding a live chess tournament where pieces are swapped out for visitors, and Chesterfield Gallery hosts a group of artists who have swapped paint for textiles. Photographs celebrating the “limitless beauty of blackness” opens at Brilliant Champions, and artist Andrea Fraser gives a free lunchtime talk at SVA. If you’re out in the Hamptons, take some art with your beach time at Market Art + Design, and finally, rumor has it that the Kosciuszko Bridge will finally be imploded.
Details on these events and more this way

July 6, 2017

Two chances to live in prime Bed-Stuy for $1,114/month

Starting today, New Yorkers earning 60 percent of the area median income can apply for two, $1,114/month two-bedroom apartments at 183 Tompkins Avenue in Bed-Stuy, quite the deal considering market-rate two-bedrooms are renting for $2,600. The new six-story building has just 10 units total and is a five-minute walk from the Myrtle- Willoughby G train and 10 minutes from the Myrtle Ave J, M, and Z. Apartments have large windows, high ceilings, wood floors, and kitchens with dishwashers and stainless steel appliances, and the building offers some private balconies, a rooftop, and a virtual doorman.
The full details

Affordable Housing

July 5, 2017

Pavegen opens world’s first ‘smart street’ to generate electricity from footsteps

UK-based technology company Pavegen built a sidewalk in London made up of kinetic pavement that turns pedestrians' footsteps into energy. The 107-square-foot display on “Bird Street” harnesses and converts the power of footsteps into electricity that supplies energy for lights and bird sounds (h/t inhabitat). Walkers can connect via Bluetooth to an app on their phones to see how many joules of energy they’ve generated. Plus, the company partnered with local businesses that then will reward users with discounts and vouchers for their footsteps.
Learn more about the sustainable sidewalks

July 5, 2017

MAP: Where to find NYC’s HDFC apartments, affordable co-ops for low- and middle-income buyers

When it comes to affordable housing, the city's offerings primarily focus on rentals, but the little-known pool of HDFC units (Housing Development Fund Corporation) provide low- and middle-income New Yorkers a chance to own a slice of NYC real estate below market rate. The program was created several decades ago so that tenants in poorly managed buildings could take control of their property and form cooperatives. At this time, they were selling for a mere $250 each, and though today's prices range from $500,000 two-bedrooms to $1.8 million three-bedrooms depending on the neighborhood, the deals are still out there based on qualifying incomes. And to make the HDFC hunt a bit easier, CityRealty has put these current listings into a handy interactive map.
Explore the full map here

City seeks to revoke access to office rooftops made for employee mingling

Rendering of L&L Holding Company’s planned rooftop terrace at 390 Madison Avenue

July 5, 2017

City seeks to revoke access to office rooftops made for employee mingling

Update 7/31/17: The Post reports that the DOB recently sent landlords a draft memo clarifying that, aside from minor details, terraces are allowed "as open passive recreation space." To give workers a comfortable and conducive work space, some companies have outfitted their offices with amenities like on-site fitness centers, free coffee and outdoor space. However, the city’s Department of Buildings has launched a campaign to stop or delay these rooftop terraces on office towers, claiming the spaces can only be used for plants, not people. As the New York Post reported, DOB may not approve office terrace plans and may even rescind already approved plans.
Find out more

Tenant holdout snarls developer’s plan to build Billionaire’s Row tower

Image via Google Street View

July 5, 2017

Tenant holdout snarls developer’s plan to build Billionaire’s Row tower

Image via Google Street View With a legendary tenants' rights lawyer on board, a longtime leaseholder is standing fast against a developer's 'dream tower' plans, claiming their business has a valid lease and is being wrongfully evicted, according to the New York Times. Irving and Samuel Morano, the antiques dealers who own Metropolitan Fine Arts and Antiques, are the largest remaining tenant at 10 West 57th Street, a prime location opposite Bergdorf Goodman. 89-year-old developer Sheldon Solow has been amassing properties along the "Billionaire's Row" strip, where the Solow Building, his office tower at 9 West 57th Street stands, since 1977. With grand plans in place to erect a sleek Skidmore Owings & Merrill-designed 54-story hotel and condominium tower, Solow has evicted tenants, erected scaffolding and started demolition on one of the properties along the strip.
Find out more

New Developments

U.S. Department of Transportation backs out of group overseeing Hudson River tunnel project

The two tunnels under the Hudson River that need repair, image via Amtrak

July 5, 2017

U.S. Department of Transportation backs out of group overseeing Hudson River tunnel project

Despite forming an infrastructure task force made up of two New York-based developers, the Trump administration has withdrawn from the board of the Gateway Program, a $23.9 billion project that would add a second rail beneath the Hudson River. According to the Wall Street Journal, the U.S. Department of Transportation (DOT) said it is not their “practice to serve in such a capacity on other local transportation projects.” As the number of commuters entering the city from NJ continues to grow, the purpose of the Gateway Program was to double rail capacity between the two states as well as fix the Hudson River tunnel’s crumbling infrastructure, which was damaged by severe flooding during Hurricane Sandy. If one of the two tubes needs to be shut down before a new tunnel is built, train capacity into NY would be reduced by 75 percent.
Find out more

July 5, 2017

Pretty pre-war co-op in Fort Greene has two bedrooms and stylish details for under $1M

In the heart of the lovely neighborhood of Fort Greene, Brooklyn at 141 Lafayette Avenue, just a block from Fort Greene Park and a few minutes from BAM, this graciously-sized and thoughtfully-appointed pre-war co-op is asking $995,000. With two real bedrooms, central A/C, and a nice renovation, that seems like a pretty good deal for this pricey neighborhood.
Take a look around

Distinctive Homes

July 3, 2017

Affordable housing lottery opens for 14 East Williamsburg units, starting at $589/month

Back in early 2016, 6sqft shared a new housing lottery for three Williamsburg buildings, one of which was 37 Ten Eyck Street in East Williamsburg between Union Avenue and Lorimer Street. The vacant lots were purchased in 2014, along with a fourth site at 33 Ten Eyck Street, by the Housing Development Corporation to build 100 percent affordable buildings. That final building is now complete and its 14 units are available to those earning 40 or 60 percent of the area media income. They range from $589/month one-bedrooms to $1,121/month two-bedrooms, and the building offers an elevator, outdoor area, intercom system, bicycle storage, and laundry facilities.
All the details here

Affordable Housing

July 3, 2017

62 affordable units up for grabs in Fordham Heights, from $882/month