Search Results for: 220 central park

December 7, 2015

VOTE for 6sqft’s 2015 Building of the Year!

If you thought 2014 was an outstanding year that gave way to great new developments, 2015 could easily be considered epic. In the last 12 months, we've seen the rise of the supertalls along Billionaires' Row, a few groundbreaking structures that challenge traditional architectural geometry, and starchitect-designed towers with absurd asking prices. Here we've vetted 12 of the hottest buildings in NYC, noteworthy for their envelope-pushing design, record-breaking prices, or unprecedented height. So, in our second annual poll, we want to know what you think: Out of the dozen, which deserves the title of “2015 Building of the Year?” To help you make an informed decision, we've provided an overview of each contender, along with news highlights from the year. We're taking votes up until 11:59 p.m., Monday, December 7th, and we will announce the winner on Wednesday, December 9th. Happy voting, 6sqft readers!
Learn more about all the buildings in the running ahead

November 30, 2015

Infographic: The 12 Most Expensive Condo Buildings Rising in NYC

By Diane Pham

While it seems like every block in the city is host to a construction site throwing up some luxury condo building or pricey rentals, not all of these developments are created equal. Following up on their last infographic which rounded up the city's top five most expensive new developments, the data gurus over at CityRealty have culled an even more extensive list which pinpoints the 12 priciest structures going up right now. While the number of zeros that follow their combined $20,000,000,000 sellout will make your head hurt, what's even more mind-boggling is that these 12 buildings alone will count for nearly HALF of the money that'll be generated by the 200+ condo projects underway in Manhattan.
All the details here

November 18, 2015

Compare Dubai’s Most Expensive Penthouse to New York City’s

By Annie Doge

Playing the real estate comparison game is always fun, and more often than not, pinning New York prices against any other city will bring you to much bigger and more luxurious spaces. But here's a real estate showdown that might lead you to shrug off that usual urge to say "But it's not New York!" when you try to justify the city's outrageous prices. Word has it that Dubai's most expensive penthouse is now up on the market for a whopping $74.5 million. The sprawling pad (really a compound-like construction) comes with over 43,000 square feet and is steeped in private amenities. Now compare this to NYC's current title-holder for most expensive home—the $100 million penthouse at One57—and you've got a real estate death match in a league of its own.
Check it out here

Architecture And Design

November 7, 2015

Weekly Highlights: Top Picks From the 6sqft Staff

By Dana Schulz

Rent a Literal Dumpster Apartment in Williamsburg for $1,200 a Month–or $200 a Night The World’s Most Expensive Dollhouse Will Be On Show at Columbus Circle This Month 220 Central Park South Costs $5,000 Per Foot to Build, Now 50 Percent Sold Rafael Viñoly’s 432 Park Reportedly Showing Cracks in Its 1,400-Foot Facade Renderings Revealed […]

Uncategorized

November 3, 2015

Lauren Bacall’s Dakota Apartment Buyer Revealed; Gowanus Affordable Housing Starts at $833/Month

By Diane Pham

The buyer of Lauren Bacall’s $26M apartment at The Dakota has finally been revealed. [NYP] Affordable housing at a new 700-unit complex going up in Gowanus will start at $833/month. [BU] 14 condos sold at 220 Central Park South have prices that exceed $50 million. [Crain’s] 13,000 square feet of the former AIG headquarters at […]

Real Estate Trends

October 28, 2015

Blockbuster Greenwich Lane Closes Its First Sales, Each Eight Figures

By Diane Pham

The first of five of the city's priciest developments has finally started to cash in, with two eight-figure sales recorded at Greenwich Village's rising mega-development, The Greenwich Lane. As 6qft reported in April, the ginormous, block-eating condo complex located at 145 West 11th Street is anticipated to make between $1.4 to $1.7 billion dollars at sell out. The first two sales, which appeared in public filings released yesterday, are a five-bedroom 4,537-square-foot unit (#8) which closed at $19.53 million, and similarly another 4,529-square-foot five-bedroom (#4) that closed at $16.32 million.
more on the significance of the two sales here

Atlantic Yards’ B2 Tower Employing Anti-Nausea Technology From NASA

B2 Tower photo © Field Condition

October 26, 2015

Atlantic Yards’ B2 Tower Employing Anti-Nausea Technology From NASA

By Dana Schulz

"A new technology, designed to tame forces that could separate an astronaut’s eyeball from her retina, may also keep the one percent from throwing up," says The Real Deal. They're talking about a fluid harmonic disruptor, a device used during space takeoffs to protect astronauts from violent vibrations, which will be employed by structural engineering firm Thornton Tomasetti at Forest City Ratner’s B2 BKLYN, the 32-story modular tower at Pacific Park that could definitely succumb to queasy-making swaying and vibrations. The firm will put six water-filled pipes on the roof of the building, making up 0.5 percent of its total mass; then the disruptor will alter how the fluid, and therefore the building, reacts to wind and other vibrations.
More details ahead

October 11, 2015

Upper East Side Co-op Personally Designed by Robert A.M. Stern Asks $9.5 Million

By Emily Nonko

Talk about a selling point: This apartment, located in the Upper East Side co-op building 820 Park Avenue, has been personally redesigned by starchitect Robert A.M. Stern. He is well known for his project on the other side of the park, 15 Central Park West, where he designed a condo reminiscent of the historic co-op towers along the park. Here, he's taken a prewar co-op, which fills up the entire 12th floor, and added some modern luxury perks. The apartment itself has an interesting history; it was originally configured as a triplex for the building's owner, and was then owned by pharmaceutical giant Cheng Ching Wang, the late father of Vera Wang. Serena and David Steinberg (she's the daughter of Houston-based real estate mogul Gerald Hines, who's built projects designed by I.M. Pei, Frank Gehry, and, of course, Robert A.M. Stern) purchased this floor for $6.5 million in 2008, pre-reno, and subsequently brought on Stern. After such a grand renovation, the owners started seeking a hefty profit back in 2013, originally listing it for $16.5 million. Now, after several price chops, it's back for a much-reduced price of $9.5 million.
See the full renovation

September 29, 2015

Condos at 111 Murray Now for Sale; Brooklyn Nets Forward Buys in Brooklyn Heights

By Diane Pham

Durst has leased the 7,000-square-foot, ground-floor space of BIG’s pyramid on 57th Street to Livanos Restaurant Group. [NYP] Nets forward Thaddeus Young buys a home in Brooklyn Heights—he is the first of the Brooklyn team to live in the borough. [WSJ] Vornado has increased its Bank of China loan for 220 Central Park South to $950 […]

Real Estate Trends

August 20, 2015

New Board Game Lets You Raze and Rebuild NY; Citywide Ferry Service Plan to Be Presented Tonight

By Diane Pham

The de Blasio administration is renegotiating the terms of the redevelopment of Willets Point, Queens. [Crain’s] Why some billionaires are bad for growth. [Wonkblog] Billionaire Ken Griffin may be buying a 220 Central Park South pad. [NYP] The mysterious cottage atop an East Village building is now in contract. [Curbed] For a good time with friends and family try […]

Real Estate Trends

First 1,000+ Foot Tower Outside Manhattan May Rise in Downtown Brooklyn

Rendering based on potential height, via CityRealty

August 5, 2015

First 1,000+ Foot Tower Outside Manhattan May Rise in Downtown Brooklyn

By Michelle Cohen

As the result of the $90 million acquisition of Brooklyn's landmarked Dime Savings Bank building by developers Michael Stern (111 West 57th) and Joe Chetrit, a new residential skyscraper in Brooklyn could nearly reach the height of the Empire State Building. The historic Neo-Roman building at 9 DeKalb Avenue in Downtown Brooklyn–next door to the famed Junior's Restaurant–comes with 300,000 square feet of development rights, which, combined with existing air rights next door at 340 Flatbush Avenue Extension (which the pair bought last summer for $43 million), could be used to build an adjacent tower of nearly 600,000 square feet. The likelihood of a tower that reaches between 1,000 and 1,200 feet has been mentioned by sources close to the deal.
find out more about the planned Brooklyn skyscraper

New Developments

July 27, 2015

NIMBYs Are Shaping NYC’s New Developments; William Randolph Hearst Penthouse Sells

By Diane Pham

NIMBYs have become power players in New York’s real estate game. Here’s a closer look at the playbook they use to take new developments down. [Crain’s] Aby Rosen has found a new restaurant to replace the iconic Four Seasons in the Seagram building. [NYP] The MTA is kicking gardeners out of their greenspace beneath the […]

Real Estate Trends

July 22, 2015

How You Can Live in a Billionaire’s Row Condo for Free AND Make Six Figures

By Diane Pham

Get a job as one of their building managers. As DNA Info reports, if you're just a regular Joe or Jane looking to take up residence in one of the city's priciest towers, you don't need to be a billionaire—or even a millionaire for that matter. The resident managers at four headline-stealing, ultra-luxury towers will live rent-free, in very large apartments, while also earning respectable six-figure salaries for their services.
Find out more here

July 13, 2015

West Chelsea’s Tallest Tower Rises and Finally Reveals Itself

By Ondel Hylton

Residential construction along the High Line continues at full steam as a rash of activity along the park's northern extents rises higher and larger than earlier developments farther south. To provide a gradual transition from mid-rise West Chelsea to the enormous skyscrapers planned for the Far West Side, the Bloomberg administration in 2005 allowed more generous zoning between West 28th and 30th streets along Tenth and Eleventh avenues. Earlier this week Curbed, via ILNY's Flickr photostream, gave us our first look at West Chelsea's future tallest structure, a 425-foot rental tower at 319 Tenth Avenue that is part of a trio of buildings being developed by Long Island-based Lalezarian Properties.
Take a look at this new tower and learn more about it

July 11, 2015

Weekly Highlights: Top Picks from the 6sqft Staff

By Dana Schulz

Katie Holmes and Suri Renting a $25,000 Penthouse in Chelsea Construction Update: NYC’s First Micro Apartment Complex Is Now Fully Stacked Jet-Setting Fashionista’s Sprawling Tribeca Loft Shines with Bold Decor VIDEO: Port Authority Was Considered a ‘Milestone of the Century’ When It Opened Construction Update: Robert A.M. Stern’s 220 Central Park South Begins Race into […]

Uncategorized

June 9, 2015

Luxury Parisian Hotel May Be Coming to Chetrit’s Sony Building Conversion

By Dana Schulz

It's definitely been a big number game at Chetrit's Sony Building conversion–from the 96 luxury condos they'll add to floors 14 to 33 of the 37-story tower, to the planned $1.8 billion sellout, to the $150 million triplex penthouse, which, if sold, would be both the city's priciest unit in history (if not eclipsed by the $175 million unit at 220 Central Park South) as well as the largest at 21,504 square feet. And now the Post reports that Chetrit is going to up the ante at 550 Madison Avenue by turning part of the commercial space on the lower floors into a luxury Parisian hotel.
Get the scoop

Extell Shoots for a $4.4B Sellout with the Nordstrom Tower, the Most Expensive Ever

Image: the Nordstrom Tower penthouse

May 14, 2015

Extell Shoots for a $4.4B Sellout with the Nordstrom Tower, the Most Expensive Ever

By Diane Pham

Extell has plenty to brag about, from claiming fame to the city's top two most expensive sales to being credited with starting the whole superluxury supertall tower boom. But according to the Wall Street Journal, the development company's head honcho and mastermind Gary Barnett is vying for another record, aiming to make his next skyscraping creation, the Nordstrom Tower, the most expensive building ever sold at $4.4 billion.
more details here

April 28, 2015

Five Luxury Towers Will Account for One-Third of New Development Sales over the Next Five Years

By Dana Schulz

It's projected that over the next five years, new development sales in Manhattan condos will total $27.6-$33.6+ billion, but this sky-high figure is heavily skewed by prices in just five buildings. These luxury towers will account for one-third of the total projection. Three of the buildings -- 432 Park, 220 Central Park South, and 550 Madison Avenue (the former Sony Building) -- are located on billionaires' row and are expected to bring in a whopping $8 billion. The Greenwich Lane and 10 Madison Square West will also likely bring in close to $1.5 billion each. Along with this boost from the upper end of the market comes a trend where fewer units are selling, but prices are shooting up.
More info and CityRealty's full infographic here

Real Estate Trends

Rent Stabilization Demystified: Know the Rules, Your Rights, and if You’re Getting Cheated

Image by Jorbasa Fotografie / Flickr

March 24, 2015

Rent Stabilization Demystified: Know the Rules, Your Rights, and if You’re Getting Cheated

By Michelle Cohen

In New York City there are currently about one million rent stabilized apartments–about 47 percent of the city’s rental units. So why is it so hard to snag one? What are the benefits of having one (other than affordable rent, of course)? According to the New York City Rent Guidelines Board nearly 250,000 rental units have lost the protections of rent regulation since 1994. Why are we "losing" so many of them?
Find out the facts and how they could affect you

March 13, 2015

World’s Skinniest Tower 111 West 57th Street Will Offer $100M Condos

By Dana Schulz

Poised to become the world's skinniest tower and one of the hemisphere's tallest, it's no wonder that 111 West 57th Street will ask around $100 million for its condos, not to be outdone by other nine-digit supertalls like 220 Central Park South's $175 million penthouse, the $150 million penthouse at the Sony Building, and One57′s record $100 million sale, which currently holds the title for the most expensive unit ever sold in the city. Curbed has uncovered filings with the Attorney General's office that show the preliminary price list for the SHoP-designed 1,421-foot tower, which is being developed by JDS Development Group and Property Markets Group. The records indicate that there will be condos in the landmarked Steinway Hall, as well in the tower addition. "The 'landmark units' will be smaller and cheaper, starting at $1 million for a studio, while the 'tower units' will start at $13 million for a three-bedroom."
More details and the price list ahead

March 8, 2015

$3M Hamptons Home Was Designed by Robert A.M. Stern in an Unorthodox Shingle Style

By Dana Schulz

Starchitect Robert A.M. Stern certainly made headlines last week, with floorplans for two of his supertall billionaire's row towers coming to light (520 Park Avenue and 220 Central Park South). And it's these type of ground- and record-breaking urban projects that we've come to associate with the architect, who favors stately and classic buildings over the zig-zagging glass towers of his peers. But long before the days of 15 Central Park West, Stern was beginning his architecture career with much humbler projects, like this Hamptons home, an unorthodox take on the shingle style that he completed just a few years after architecture school. The 3,000-square-foot, postmodern vacation house is on the market for $2.95 million, offering architecture buffs the chance to own a piece of history.
Take a tour around the Stern-designed residence here

March 7, 2015

Weekly Highlights: Top Picks from the 6sqft Staff

By Dana Schulz

Upstate Greek Revival Beauty Dating to the 1700s Can Be Yours for under $500K REVEALED: Asking Prices, Floorplans for 520 Park Avenue, the Next Billionaire’s Row Blockbuster Your Suspicions Are Correct, Subway Service Is Really Getting Worse Ikea Releases Furniture Collection That Will Wirelessly Charge Your Phone 220 Central Park South Penthouse Could Set a […]

Uncategorized

February 19, 2015

The Rise of the ‘Pencil Tower;’ Floor Plans and Prices Revealed for All Sony Tower Condos

By Diane Pham

What’s happening to NYC’s skyline? Get used to seeing more and more “pencil towers” everywhere. [NYT Opinion] We got a peek at the $150M penthouse yesterday. Now find out how much buyers will shell out for the converted Sony Tower condos, and what exactly they’ll get in exchange for their millions. [TRD] Citigroup CEO Michael Corbat announced […]

Real Estate Trends

October 2, 2014

Living in the Clouds: 50 New York Residential Towers Poised to Scrape the Sky (Part I)

By Ondel Hylton

It seems like every week a new residential skyscraper is being announced in New York City, just earlier this week the New York Times noted that a partnership between Steven Witkoff and Harry Macklowe is moving ahead with a redevelopment of the Park Lane Hotel at 36 Central Park West with an 850-foot tower. With the mind-boggling amount of residential spires poised to pierce the sky, here's a quick rundown of the tallest of the tall--the spindly bunch set to soar higher than 700 feet. Keep in mind that just 30 years ago, the tallest residence in the city was perched atop the 664-foot Trump Tower. Today, buildings are on the drawing board for more than twice that height.
See our list of the 26 tallest towers

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