Search Results for: Brooklyn Heights

March 5, 2019

De Blasio signs off on basement apartment conversion program for East New York

Certain basement apartments in East New York will be transformed into legal and affordable homes thanks to a new law signed by Mayor Bill de Blasio on Monday. The legislation creates a three-year pilot program that helps homeowners renovate cellar and basement units to meet the new code standards, which include minimum ceiling heights, window sizes, and proper safety requirements. "There are thousands of basement apartments in our City, but too many are illegal and unsafe," de Blasio said in a statement. "This program will help New Yorkers secure safe, affordable homes and give homeowners a new legal source of income."
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February 28, 2019

Why Ken Griffin’s $238M condo is taxed like it’s worth $9.4 million

We've heard it before, but it's always a shock to hear about how the city’s tax system undervalues big-ticket apartments in expensive neighborhoods. The Wall Street Journal reports that the effective tax rate on billionaire hedge funder Ken Griffin’s sky mansion at 220 Central Park South comes out to about 0.22 percent–compared with about one percent in the city's less affluent neighborhoods. The reasoning behind this is tied to a complicated city property tax system that assesses all co-ops and condos as if they were rental properties. Rental income at nearby buildings is assessed in order to estimate a condo's value.
What's going on here?
February 19, 2019

Why American buyers are replacing foreigners in the luxury market

Over the past decade, there has been no shortage of headlines about the impact of foreign buyers on the New York City real estate market. At one time, the headlines about Russian oligarchs and Chinese business tycoons buying up luxury properties in New York City were true, but as of 2019, the real estate market in New York City and across the country is shifting. New restrictions on foreign buyers combined with a perception that the United States is no longer a friendly market for foreign buyers has slowed foreign sales. In fact, over the past twelve months, the highest closes in New York City have all been to U.S. buyers.
What's the deal?
February 12, 2019

10 things you might not know about Riverside Park

Riverside Park is the place to be whether you want to bask in the sun at the 79th Street Boat Basin, pay respects at Grant's Tomb, or do your best T. Rex at Dinosaur Playground. Did you know that the park's history is as varied as its charms? From yachts to goats to cowboys, check out 10 things you might not know about Riverside Park!
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February 7, 2019

Subway riders could save up to 9 days a year under the MTA’s Fast Forward plan

Last May, 6sqft reported on the release of the MTA's ambitious 10-year "Fast Forward" plan to modernize New York City's transit system featuring a state-of-the-art signal system, more accessibility, a new fare payment system and thousands of new subway cars and buses. Perhaps the most ambitious part of the plan is that work previously estimated to take nearly 50 years would be completed within the next decade. But just how much would these marvelous changes improve our daily commute? Transit advocacy organization Transit Center breaks it down for a few of the city's more sluggish examples to show us how much time we might get back to do better stuff than sit on the subway.
More time to wait in line for coffee
February 1, 2019

The 15 best places in NYC to ring in the Lunar New Year

One of New York City's most spirited events kicks off next Tuesday: the Lunar New Year. With multiple Chinatowns and Asian communities across the five boroughs, there is no shortage of events to celebrate the nearly two-week-long holiday, which is said to have originated more than 4,000 years ago. While the most well-known festivity is the colorful parade in Lower Manhattan's Chinatown, other Lunar New Year events in Flushing, Sunset Park, and Staten Island should not be overlooked. Embrace the Year of the Pig, the 12th zodiac animal said to signal good fortune, with lantern decorating events, dumpling and noodle-making classes, traditional dance and song, and sparkling firecracker ceremonies.
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January 31, 2019

New report says Bushwick tops the list for heat violations

As frigid temperatures descend on NYC once again, real estate database provider Localize.City has produced a report showing which (non-NYCHA) buildings and neighborhoods have racked up the most heat violations in recent years. Bushwick, Brooklyn tops the list, followed by Van Nest in the Bronx. Read on to find out if your neighborhood–or building–made the list–and find out what you can do if your building has no–or not enough–heat.
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January 26, 2019

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

One Flatbush: New Rentals in the Heart of Downtown Brooklyn from $2,336/Month [LINK] 33 Bond Street: Downtown Brooklyn Luxury Rentals with Balconies and Incredible Views from $2,530/Month [LINK] The Mosaic: Bushwick Rentals Debut at 23 Menahan Street, No Fee 1 Bedrooms from $2,200/Month [LINK] 420 Kent Avenue: Take a Look Inside Williamsburg Waterfront Rentals, Now […]

January 22, 2019

Thousands of NYCHA residents had no heat or hot water on dangerously cold day

In what has become an all-too-familiar story, thousands of public housing residents in New York City were without heat and hot water on Monday, when temperatures dropped to single digits. On the coldest day of the year, the New York City Housing Authority (NYCHA) reported nearly 12,000 residents were experiencing heat and hot-water outages. A similar service disruption occurred roughly one year ago; during two weeks of brutal cold and a major snowstorm, the city had received 22,000 heat and hot water complaints, with a majority of those from NYCHA developments.
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January 19, 2019

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

Images (L to R): The Heritage, Level, Landing at Brooklyn Bridge Park and Arverne View 1247 Atlantic Avenue: Brooklyn Rental with Swimming Pool Launches Leasing from $1,875/Month [LINK] Arverne View: Beachfront Apartments in the Rockaways from $1,374/Month [LINK] The Pierrepont: Floor Plans and Interiors Revealed for March 1st Launch [LINK] LEVEL: Williamsburg Waterfront Rental Offers […]

January 15, 2019

Williamsburg townhouse offers a unique live/work solution for $4.5M

Located in a prime Williamsburg location one block away from the water, this townhouse at 64 East 4th Street is a catch with an asking price of $4,495,000. The four-floor home was gut renovated a few years ago and boasts a slew of modern amenities: a top-of-the-line kitchen, a home gym, and a beautiful garden. Best of all, the entire top floor is a ready-to-go office, making this an exciting opportunity for those seeking a live/work solution.
Have a look for yourself
January 12, 2019

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

321 Wythe in Williamsburg Debuts Luxury Rentals with All-Star Amenities + Skyline Views [LINK] The Hamilton, 1735 York Avenue: Yorkville Rental Leasing 1- to 3-Bed Rentals with 1 Month Free [LINK] OTTO, 211 McGuinness Boulevard: Upscale Greenpoint Rentals from $2,317/Month [LINK] Summit, 222 East 44th Street: Ultra Luxury Midtown East Rental Launches Leasing [LINK] 535 […]

January 7, 2019

Council Speaker Corey Johnson kicks off five-day, five-borough tour of NYC subway stations

On Monday, Corey Johnson, the speaker of the New York City Council and Acting Public Advocate, kicked off a five-day tour of the city's subway system. Johnson, who will hold both posts until the public advocate special election on Feb.26, plans on traveling to stations in all five boroughs to get feedback from real New Yorkers all over the city. "New York City deserves a world-class transportation system, but unfortunately, due to years of neglect and mismanagement, we don't have one," Johnson wrote on the City Council's website.
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January 4, 2019

This $799K Bed-Stuy condo ‘shakes’ things up with a clawfoot tub, wood stove, and roof deck

A condo full of Shaker woodwork detail in Brooklyn's Bed-Stuy neighborhood has hit the market for $799,000. The two-bedroom, two bath home at 464 Hancock Street boasts 10-foot-high ceilings, a functioning wood stove, and an envy-inducing windowed clawfoot tub. The sunlight-drenched home also features Shaker woodwork peg racks in most of the rooms and along the hallways, making for a unique storage addition.
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January 2, 2019

Greenpoint’s new ‘community-forward rental’ launches lottery for 60 affordable units

Ranging from $1,045/month studios to $2,795/month three-bedrooms, 60 low- and middle-income units at Greenpoint's new rental Otto have come online through the city's affordable housing lottery. The block-long, 197-unit building boasts that it is "community-forward," with amenities like a lounge, old-school game room, gym, and a large rooftop with a pool, hot tub, barbecues, and incredible Manhattan views. For comparison, market-rate apartments are renting from $2,279/month for studios to $4,704/month for three-bedrooms.
Find out if you qualify
December 31, 2018

6SQFT’S TOP STORIES OF 2018!

As we wrap up 2018, 6sqft is taking a look back at the top stories of the past 12 months in topics like apartment tours, new developments, real estate trends, and history. From a behind-the-scenes tour of Williamsburg's abandoned oil tanks to a sneak peek at Amazon's new Long Island City home to a look back at how Native American ironworkers built the NYC skyline, these are the stories that readers couldn't get enough of.
See the full list here
December 19, 2018

Celebrate the winter solstice in NYC with one of these musical parades

On December 21st, the longest night of the year, neighborhoods throughout New York City will be transformed by the festivities of Make Music Winter, a series of free participatory parades focused on music and representing a range of cultures and traditions. With more than 18 separate events taking place throughout the boroughs, there will be something for music lovers of all stripes this Friday.
Follow the music
December 18, 2018

Historic Clinton Hill carriage house with 4,500-square-foot garden asks 3.4M

On a historic block in Clinton Hill, this three-level carriage house at 361 Waverly Avenue is a dream for those seeking country living vibes without leaving the city. As Curbed reported, the interior could use a modern refresh (or at least some curtains that don't match the wallpaper), but the $3,400,000 property is truly original and offers a ton of charming architectural details, a garage for worry-free parking, and a massive garden that could probably host a small wedding.
Take the tour
December 11, 2018

How New York won Amazon: See the official proposals for each NYC neighborhood

City and state officials lured Amazon to open its new office complex in New York with an extensive pitch, complete with four suggested neighborhoods and the promise of prime real estate, according to documents released by the city's economic development corporation on Monday. In exchange for 25,000 new jobs, Gov. Andrew Cuomo and Mayor Bill de Blasio are offering Amazon nearly $3 billion in incentives and grants. And while last month Amazon selected the Queens neighborhood of Long Island City as its new home, officials had proposed bringing Amazon's campus to the Farley Building, 3 World Trade Center, Brooklyn Height's Watchtower building, Bjarke Ingels' The Spiral, and even Governors Island.
See the full pitch
December 8, 2018

Top 10 Rental Buildings in FiDi & This week’s roundup of NYC rental news

Renting Downtown: Top 10 Rental Buildings in Financial District + Battery Park City [LINK] Cobalt Lofts in Harrison Launches Luxury Rentals from $1,915/Month; 20 Minutes from NYC [LINK] Contemporary Rentals at Historic 71 Broadway: No-Fee Listings from $3,035/Month [LINK] Bed-Stuy Rentals Launch at 1247 Atlantic Avenue with 1 Month Free; Net Prices from $1,825/Month [LINK] […]

November 15, 2018

Björk is coming to the Shed; Will Ikea bring a mixed-use development to NYC?

Björk will premiere her “most elaborate stage concert yet’ during the inaugural season of Hudson Yards’ performance venue the Shed. [Gothamist] Ikea is looking to open six mixed-use developments in the next two years, and NYC is on their list. [CO] At $61,000 per Amazon job, New York pays twice what Virginia does. [Business Insider] Get a look […]

November 15, 2018

Co-living startup Common announces first Manhattan location in Hell’s Kitchen

As of April 2018, co-living startup Common had raised $40 million in Series C venture funding, far more than the $15 and $11.5 million raised by its competitors Ollie and HubHaus. Since opening its first NYC location in 2015 in Crown Heights, Common has expanded with 10 locations in Brooklyn and Queens, but they've now decided to turn their attention to Manhattan. The company announced today that they will open a 32-bed building at 47th Street between Ninth and Tenth Avenues in Hell's Kitchen--"a short subway ride on the C or 7 trains into Long Island City and Amazon's HQ2."
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November 13, 2018

See 120 years of NYC art and architecture planning at the Public Design Commission’s Archives

On the third floor of City Hall, in what was once an apartment for the building's caretaker, a small agency known as the Public Design Commission reviews works of public art, architecture, and design proposed on or over city-owned property. Projects as varied as West End Avenue's Straus Memorial, Central Park's Bethesda Fountain, Greenpoint's now-defunct Huron Street Baths, and all of the City's spectacular WPA murals, have come before the Commission for approval and safeguarding. Since the Commission was established under the New York City Charter in 1898 and approved its first project, the Maine Monument in Central Park, designed and carved in the Bronx by the great Attillio Piccirilli, the commission has conferred or withheld its blessing on more than 7,000 projects. Thankfully, what those projects are and where you can find them is all a matter of public record. Since 1902, the Commission has maintained a meticulous archive documenting all the projects it has reviewed. The Archive includes original drawings, photographs, and architectural plans of more than a century of the City's public works.
Set your designs on this Story!
November 12, 2018

In honor of the World War I armistice centennial, the city’s memorials get refurbished

Did you know NYC has one of the largest collections of memorials erected in the aftermath of World War I? 103 to be exact. And to mark the centennial of the WWI armistice, the Parks Department has announced that they've completed refurbishments of several of these sites, including Father Duffy in Times Square, the Pleasant Plains Memorial on Staten Island, the Abingdon Square Doughboy in Greenwich Village, and the Carroll Park monument in Brooklyn.
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