Search Results for: On The Square apartments

As part of his “Ocean Dreams” development in Coney Island, billionaire real estate mogul John Catsimatidis plans to build a streetcar that would link the mixed-use project to the Stillwell Avenue subway station in Coney Island. Developed by Catsimatidis’ Red Apple Group, the project at 3514 Surf Avenue includes three buildings between West 36th and West 37th Streets that will feature retail space, 440 market-rate apartments and a 254-car garage. As the Coney Island News first reported, Catsimatidis said the streetcar would be available to everyone, not just residents of his development.
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6sqft Guide: Everything parents need to know about renting for college-age kids in NYC

Image: Dov Harrington / flickr CC

September 7, 2017

6sqft Guide: Everything parents need to know about renting for college-age kids in NYC

By Cait Etherington

Living in a college residence might be fun for a year or two, but most college-age kids eventually want to move out. And who can blame them? After all, who wants to show ID to a security guard every time they arrive home, share a room with a stranger, or eat in a cafeteria night after night? In many smaller college towns, sending your kid first and last month’s rent is more than enough to get them out of residence and into their first apartment. In New York City, it’s a bit more complicated. In most cases, parents need to be directly involved in the housing search and rental process and prepared to come up with a substantial deposit, which can meet or even exceed the money needed to purchase a starter home in many U.S. cities. In order to rent an apartment in New York City, renters typically must come up with first and last month’s rent, a security deposit, and a broker’s fee (the fee is either one month’s rent or anywhere from 10 to 15 percent of the first year’s rent). Also, as a rule, owners and management companies require lease holders to have an established credit history, to make more than 40 times the monthly rent on an annual basis, or to have a guarantor who exceeds these criteria. This 6sqft guide outlines everything parents need to know before going on the market to rent an apartment for a college-age child, including advice on where to find listings and how to decode them.
the full scoop here

New renderings and construction photos reveal full design of Jean Nouvel’s 53W53 ‘MoMA tower’

Central Park View; Rendering by Hayes Davidson

September 7, 2017

New renderings and construction photos reveal full design of Jean Nouvel’s 53W53 ‘MoMA tower’

6sqft checked in almost a year ago on starchitect Jean Nouvel's MoMA-adjacent tower, 53W53 at 53 West 53rd Street, when photos from the Billionaires’ Row construction site showed the building getting the first of its intricate diagrid skin. Construction on the 82-story building recently reached the 58th floor, and newly-released renderings and construction photos show the full design of the 1,050-foot-tall tapered tower, which will have interiors by celebrated designer Thierry Despont, from crown to ground level. The new images also show how the Museum of Modern Art will have three new gallery levels within the tower's base on floors 2, 4 and 5.
Check out the renderings and photos this way

September 6, 2017

For $879K, a lovely loft in an East Village building designed by Central Park’s architect

Sure this East Village pad is cute--what with its exposed brick walls, reclaimed wood accents, pressed tin ceilings, and boho-chic kitchen--but what really sets it apart is its location at 307 East 12th Street, a landmarked Victorian Gothic/Flemish Revival structure designed in 1892 by the firm of Calvert Vaux, who co-designed Central and Prospect Parks. Built for the Children's Aid Society as a home and job-training center for abused young women, it was converted to co-ops in 1983, and today its lofty apartments boast high ceilings, double-height historic windows, and plenty of pre-war charm. This one-bedroom unit underwent a gut renovation last year and is now asking $879,000.
See it all here

Distinctive Homes

September 1, 2017

Mixed-income Mott Haven building opens lottery for 163 affordable units, starting at $788/month

Not only has Mott Haven been dubbed the next "it" 'hood, but it's become one of the city's top areas for large, new affordable housing sites. One such development, the three-building Crossroads Plaza, is a $157 million project from Douglaston Development that will all together bring 425 units of affordable housing to the South Bronx, as well as a 20,000-square-foot public plaza. The first building opened in 2015, the second the following year, and now the city is accepting applications for the final phase at 828 East 149th Street. The 163-unit building is open to those earning 60, 100, 110, and 120 percent of the area median income, and apartments range from $788/month studios to $2,120/month three-bedrooms.
Find out if you qualify here

Affordable Housing

City will convert long-vacant Greenpoint Hospital into hundreds of affordable housing units

View of the vacant hospital complex, via Google Street View

August 31, 2017

City will convert long-vacant Greenpoint Hospital into hundreds of affordable housing units

It's been 35 years since the Greenpoint Hospital shut its doors, since which time the city has tried and failed to convert the vacant 146,100-square-foot complex into affordable housing. But Mayor de Blasio, explaining that the "the need for affordable housing in Greenpoint and Williamsburg is too high to leave even one stone unturned," will now seek proposals from developers to transform the site into anywhere between 300 to 600 below-market rate apartments and supportive housing, along with green space, commercial space, and a relocated 200-bed shelter and clinic (h/t DNAinfo).
The past and future of the site

107 affordable units up for grabs in Brownsville’s Prospect Plaza, starting at $558/month

428 Saratoga Avenue, courtesy of Dattner Architects

August 30, 2017

107 affordable units up for grabs in Brownsville’s Prospect Plaza, starting at $558/month

Back in April of 2016, 6sqft shared the first affordable housing lottery to come online at the Dattner Architects-designed Prospect Plaza. Located in the Brownsville section of East New York--which has seen a slew of new below-market rate housing after a controversial rezoning--the 4.5-acre development will include a total of 364 units of of affordable and public housing, a 22,000-square-foot supermarket, 12,000-square-foot community facility, and a rooftop greenhouse. As of today, New Yorkers earning 40, 50, and 60 percent of the area median income can apply for 107 of these apartments at 428 Saratoga Avenue, ranging from $558/month one-bedrooms to $1,224/month three-bedrooms.
Find out if you qualify

Affordable Housing

August 25, 2017

18-foot, concrete beveled ceilings top this Williamsburg apartment renting for $6,995/month

This Williamsburg apartment takes full advantage of its soaring, 18-foot ceilings lined with concrete beams. The lofty living room features floor-to-ceiling, built-in bookshelves that require a ladder to fully access, four massive casement windows, and a loft with a glass wall that overlooks the soaring space. Located at the Esquire Lofts at 330 Wythe Avenue—a former shoe polish factory—this apartment spans 1,450 square feet and includes two bedrooms and two bathrooms. The unit hit the market last month asking $7,500 a month, but its owners just gave it a small price cut, bringing the monthly rent to $6,995.
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New renderings of South Bronx passive house feature vegetated roof deck and solar shading

Rendering of 425 Grand Concourse, courtesy of Dattner Architects

August 24, 2017

New renderings of South Bronx passive house feature vegetated roof deck and solar shading

Adding to the passive house development push happening in New York City, Dattner Architects released new renderings of their energy-saving project at 425 Grand Concourse in the South Bronx’s Mott Haven neighborhood. Formerly the site of the Gothic-style P.S. 31, the mixed-use and mixed-income development will sit at the corner of Grand Concourse and East 144th Street. According to CityRealty, when it opens in 2020, this project will be the tallest in Mott Haven and the largest development of its kind in the country (though East Harlem's massive Sendero Verde complex will steal the title soon after). The highly-insulated building features a vegetated roof deck, solar shading, solar panels, cogen power generation, and an energy recovery system.
See the design

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

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

August 23, 2017

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

By Ondel Hylton

Instrata Gramercy: No Fee Rentals with Commanding Manhattan Views Offering Free Month’s Rent [link] Court Square’s Watermark LIC Now Ready for Habitation; Studios from $2,307/Mo. [link] New Listings at 63 Wall Street Offer 1 Month Free Rent [link] Up to Two Months Free + $1000 Security Deposits at The Olivia on West 33rd Street [link] […]

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15 Central Park West. Image: Wikimedia Commons

August 23, 2017

15 Central Park West still reigns as New York City’s most expensive condo

Even with a rapidly rising field of competitors, 15 Central Park West still holds the title of New York City's most expensive condominium, according to the just-released CityRealty100. Robert A.M. Stern's "Limestone Jesus," built in 2007, has many a superlative under its limestone-clad belt, but the one that puts it in the top spot tallies the eight apartments sold in the past year for an average price per square foot of $7,227. 15 Central Park West also grabbed the top three most expensive sales by PPSF, with the $50.5 million Penthouse 40B, sold by Barclay’s CEO Bob Diamond to an unnamed Chinese buyer, topping the list at $9,581/square foot.
Find out more about the city's priciest properties

Real Estate Trends

Construction Update: SHoP’s first Domino Sugar Factory building approaches completion

Image by CityRealty

August 23, 2017

Construction Update: SHoP’s first Domino Sugar Factory building approaches completion

By Diane Pham

Just over one year ago, 6sqft reported on the initial climb of 325 Kent Avenue, the first tower of the SHoP-designed Domino Sugar Refinery master plan slated for the Williamsburg waterfront. Now, CityRealty shares that the building is nearly finished with its distinct, upside-down U-formation standing tall. When complete, the 189-foot, 400,000-square-foot building will be the second largest residential structure in the neighborhood (just after 2 North 6th Street), fronted by a spectacular 11-acre park designed by James Corner Field Operations that will open next summer.
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Stuyvesant Town goes green: How the 70-year-old complex is reinventing itself in a modern age

Photos courtesy of Stuyvesant Town

August 16, 2017

Stuyvesant Town goes green: How the 70-year-old complex is reinventing itself in a modern age

"Think of us as a 1947 Cadillac retrofitted with a Tesla engine," says Marynia Kruk, Stuyvesant Town and Peter Cooper Village's Community Affairs Manager. Though the 80-acre residential complex's 110 red brick, cruciform-shaped buildings were constructed 70 years ago this month, their imposing facades are hiding an intense network of systems that, since 2011, have allowed the development to reduce its on-site carbon emissions by 6.8 percent, equal to over 17 million pounds of coal saved. To put this in perspective, that's roughly the same savings as 3,000 drivers deciding to bike or take the train for an entire year or planting a forest of 400,000 trees. This massive sustainability push, along with new ownership (Blackstone Group and Canadian investment firm Ivanhoe Cambridge bought the complex for $5.3 billion in October 2015), updated amenities, and an affordable housing commitment, is driving Manhattan's largest apartment complex into the future, and 6sqft recently got the inside scoop from CEO and General Manager Rick Hayduk and Tom Feeney, Vice President of Maintenance Operations, who is spearheading the green initiative.
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INTERVIEW: Author Ed Hamilton on how the Chelsea Hotel inspired personal stories of gentrification

Background image via Andrew Malone/Flickr

August 15, 2017

INTERVIEW: Author Ed Hamilton on how the Chelsea Hotel inspired personal stories of gentrification

When it comes to the Chelsea Hotel, Ed Hamilton has seen it all. He and his wife moved to the iconic property in 1995, living among artists and musicians in a 220-square-foot, single-room-occupancy unit. The storied, artistic community nurtured inside the hotel came to an end a decade ago when the building sold for the first time and evictions followed. Since then, the property has traded hands a number of times with talks of boutique hotel development, luxury condos, or some combination of the two. Hamilton started tracking the saga at his blog Living With Legends and published a book, "Legends of the Chelsea Hotel," in 2007. After the book's success, Hamilton wrote a short story collection titled "The Chintz Age: Stories of Love and Loss for a new New York." Each piece offers a different take on New York's "hyper gentrification," as he calls it: a mother unable to afford her lofty East Village apartment, giving it up to a daughter she shares a strained relationship with; a book store owner who confronts his failed writing career as a landlord forces him out of now highly valuable commercial space. Ultimately, many of the stories were inspired by the characters he met inside the Chelsea Hotel. And his tales offer a new perspective on a changing city, one that focuses on "the personal, day-to-day struggles about the people who are trying to hang onto their place in New York." With 6sqft, he shares what it's like writing in the under-construction Chelsea Hotel, what the Chintz Age title means, and the unchanged spots of the city he still treasures.
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August 10, 2017

From oysters to falafel: The complete history of street vending in NYC

To fully experience New York City, you have to eat. And then eat some more. So inextricably linked with its food, the city’s social and cultural history requires an exploration of its endless cuisines. And while street food is not unique to New York, the city provides some of the most diverse dining options in the world, with over 10,000 people make a living by street vending. But this tradition dates all the way back to the 1600s when European settlers enjoyed eating shellfish on the streets. Food vendors took on a more formal incarnation in the early 1800s on the Lower East Side and have changed with every new immigrant group that's landed here since. From oysters and knishes to hot dogs and Halal, the city's street vendors reflect its constant evolution and also what brings New Yorkers together.
Dive in to the full history

History

Image via CityRealty

August 9, 2017

NYC jobs that offer free housing – here’s where to find them

By Cait Etherington

You’ve landed a great job in New York City—then the reality of the city’s housing market starts to sink in. It’s a situation that thousands of new city residents face every year. New York City’s cost of living, which continues to outpace most other cities across North America, can make a move to the city seem difficult and even impossible. In fact, even highly compensated professionals often balk at the idea of relocating due to the fact that it typically means radically adjusting one’s established standard of living. After all, most adults assume it is normal to have more than one closet and expect their kitchen to be large enough to accommodate more than one person at a time. This is why at least some local employers throw in the most coveted perk of all—free or at least steeply discounted housing.
find out where these jobs are

Follow-up report says next year’s 11 percent NYC vacancy rate is bogus

Image: Pexels

August 7, 2017

Follow-up report says next year’s 11 percent NYC vacancy rate is bogus

6sqft recently reported on a forecast by online real estate marketplace Ten-X predicting a precipitous threefold spike in New York City’s apartment vacancy rate that could even exceed 11 percent by the end of next year as thousands of new apartments hit the market, adding up to a "grim reckoning” for landlords. Now, a Crains reporter tells us that skeptics like marketing-consultant-to-developers Nancy Packes, who said the prognostication of a rental market meltdown “didn’t make any sense,” could be right after all.
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Real Estate Trends

Report predicts NYC’s vacancy rate will triple alongside falling rents

Image: Pexels

August 2, 2017

Report predicts NYC’s vacancy rate will triple alongside falling rents

A new forecast by online real estate marketplace Ten-X predicts that New York City's apartment vacancy rate will exceed 11 percent by the end of next year as thousands of apartments hit the market, the Wall Street Journal reports. The study also points to a slowing job growth rate, which drives the rental market, as a factor in what could be a "grim reckoning" for landlords.
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Real Estate Trends

August 1, 2017

Clive Davis chops the price of his ritzy Midtown duplex to $6.996M

By Annie Doge

Back in 2015, five-time Grammy Award-winning producer and Sony Music Entertainment's chief creative officer Clive Davis bought two units at 465 Park Avenue for $3.4 million, combining them to create a contemporary, art-filled duplex for an unknown family member. However, just a year later, "things changed" for this relative, and he listed the pad for $7.8 million. Despite the super-swanky design and ritzy decor, he's had a hard time unloading the home, and Mansion Global now reports that he's chopped the price by 10 percent to $6,995,000.
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July 31, 2017

INTERVIEW: Architect Rick Cook on the legacy of COOKFOX’s sustainable design in NYC

Since its founding in 1990, COOKFOX Architects has become one of the most recognized names in New York City real estate. In the firm's early days, founding partner Rick Cook found a niche in historically-sensitive building design, looking for opportunities to "[fill] in the missing voids of the streetscape," as he put it. After teaming up with Bob Fox in 2003, the pair worked to establish COOKFOX as an expert in both contextual and sustainable development. They designed the first LEED Platinum skyscraper in New York City with the Durst family, the Bank of America Tower, then took on a number of projects with the goal of designing healthier workplaces. The firm also got attention for its work in landmarks districts, winning AIA-New York State awards for its mixed-use development at 401 West 14th Street (better known as the Apple store) and its revamp of the the Stephen Sondheim Theatre. (The firm also made it the first LEED-certified theater in the city.)
6sqft's conversation with Rick fox here

July 31, 2017

Chill on your private balcony in a former Bed-Stuy frozen food factory for $1.175M

This 1,200 square-foot Bed-Stuy loft at 105 Lexington Avenue has one bedroom with room for two. Asking $1.75 million, its loveliest feature is a cozy balcony that's accessible from both the living room and the master bedroom. All of this in a loft with extra-tall ceilings, in a former frozen food factory that was converted to apartments in 2008.
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Distinctive Homes

July 30, 2017

Bright apartment on the full floor of a West Village townhouse asks $6,500/month

Somewhere along the line, the historic Federal period townhouse at 428 Hudson Street was broken up into four apartments. And now theres' the opportunity to rent this one, which occupies the townhouse's entire third floor. If you don't mind the walk-up, the apartment offers two bedrooms and two bathrooms over 1,200 square feet. The large, open living space is decorated with a fireplace and hardwood floors, while sunshine comes in from exposures to the east and west. For this calm, quiet pad perched atop a West Village townhouse, it'll cost $6,500 per month.
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July 28, 2017

133 affordable units up for grabs near Yankee Stadium, from $548/month