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The six-story Beaux-Arts mansion at 4 East 74th Street on the Upper East Side has been home to several prominent occupants throughout history from President Grover Cleveland’s law partner to artist Marc Chagall; Michael Jackson rented the house the '90s, and it served as the exterior of Nate Archibald’s residence in “Gossip Girl.” According to The New York Times and property records, the 16-room mansion sold in October for nearly $32 million.
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October 25, 2018

Why buy when you can pay $125K/month for a $53M condo at One57–the city’s priciest rental

An 80th floor condo unit in West Midtown billionaires' bunker One57 just hit the rental market for $125,000 a month, which Curbed informs us is the priciest rental ask in the city that isn't in a hotel. The apartment at 157 West 57th Street was purchased for an also-eyebrow-raising $53M in 2014 by a buyer using the Pasadena, CA-registered LLC Lapusny, Inc. Given the 6,240-square-foot home's high-floor status, it's no surprise that there are 360 degree views of the Manhattan skyline of Central Park, the Hudson and East Rivers and pretty much to the ends of the Earth.
More views, more drama, this way

Distinctive Homes

Sales launch at Extell’s Central Park Tower, the world’s tallest residential building

Via Extell

October 15, 2018

Sales launch at Extell’s Central Park Tower, the world’s tallest residential building

Sales have launched for Central Park Tower, the tallest residential tower in the world, Extell Development announced Monday. Located at 225 West 57th Street, the 1,550-foot tower is rising on Billionaires' Row, a strip of ultra-luxury residences at the southern end of Central Park in Midtown. While Extell hasn't officially released pricing for its 179 condos, the Real Deal reported last year that 20 of the units have a price tag of $60 million and higher, with a $95 million penthouse being the most expensive. If the building achieves its projected $4 billion sellout, the tower would become the most expensive condo project in New York City.
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Real Estate Trends

October 11, 2018

Troubled Upper East Side mansion tries again for $88M after record-breaking deal fell through

Fourth time's the charm? A 20,000-square-foot townhouse on the Upper East Side with its own movie theater and a panic room has hit the market again for $88 million. While the palatial home at 12 East 69th Street went into contract last December for $80 million, which at the time would have been the most expensive townhouse ever sold in New York City, the deal fell through this summer. The seven-bedroom home, built in 1884, was previously listed in 2013 for $114 million and then for $98 million in 2014. But if you're not ready to commit permanently to the mansion lifestyle, the home is also available to rent for $175,000.
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Distinctive Homes

October 2, 2018

Listings go live at the world’s skinniest skyscraper, 111 West 57th Street

The race to build the tallest residential building in the world has long been underway along Billionaires' Row, but 111 West 57th Street not only boasts height (at 1,428 feet it'll surpass the current record holder, 1,396-foot 432 Park Avenue until the 1,500-foot Central Park Tower tops out) but a frame that is so slender (a ratio of 1:24) it garners it the title of skinniest skyscraper in the world. And after six years watching the development unfold, listings have finally gone live for the 46-unit condo, first spotted by Curbed. The first batch includes seven units, six of which are three-bedrooms ranging from $18 to $30 million, along with a $56 million penthouse.
Ogle the floorplan porn

Bullet-proof Upper East Side townhouse designed by Rafael Viñoly lists for $50M

Photos by Aaron Thompson of Esto

September 25, 2018

Bullet-proof Upper East Side townhouse designed by Rafael Viñoly lists for $50M

Uruguayan-born architect Rafael Viñoly is best known for designing 432 Park, the tallest residential building in the Western Hemisphere, but apparently, he makes time for private homes, too--at least when they come with headline-making features like a bullet-proof glass facade. His firm was first tapped to design the townhouse at 162 East 64th Street back in 2015 by Argentinian business mogul and billionaire Eduardo Eurnekian. Originally, the seven-story (don't worry, there's an elevator) residence was to serve as both his home and U.S. headquarters, but it looks like he instead decided to list the finished product for $50 million (h/t CityRealty).
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September 24, 2018

Hell’s Kitchen penthouse-in-a-mansion in former Christian Brothers HQ gets a price chop to $11M

If a massive, multi-storied townhouse is what you're looking for, you don't have to worry about penthouse FOMO with this listing. Spanning 7,000 square feet, with a two-story master bedroom that cantilevers out eight feet over the back garden, a back wall of glass and smart-everything, this single-family modern masterpiece at 416 West 51st Street, now asking just under $11 million, lets you keep your Billionaires' Row penthouse dreams–with the rest of the 25-foot-wide mansion just a quick elevator ride away. 6sqft featured the modern manse in 2016, when it was listed at $15 million. Built in 1910, this six-story building was the headquarters of the Christian Brothers, whose main role was to keep neighborhood youth out of trouble, from 1953 until 2011.
Still impressive

Distinctive Homes

Design studio proposes underground paths and an elevated ‘shelf’ across Park Avenue

Rendering via JCW Studio

September 20, 2018

Design studio proposes underground paths and an elevated ‘shelf’ across Park Avenue

To revitalize the drab medians of Park Avenue in Midtown, a design studio suggests building an elevated, multi-functional shelf to create more public space and ease pedestrian traffic. Studio JCW's proposal, called Big Shelf, would be installed on every median of Park Avenue between 46th and 47th Street, according to designboom. The proposed design is meant to reflect a similar structural facade as the many skyscrapers around it.
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September 17, 2018

Zuccotti Park gets a new rose sculpture; Sales launch at 111 West 57th and Bjarke Ingels’ The Xi

Acclaimed German artist Isa Genzken created a 26-foot-tall rose sculpture for Zuccotti Park. [6sqft inbox] Brooklyn Bridge Park’s long-plagued Squibb Bridge won’t be reopening any time soon. [BK Paper] Bjarke Ingels’ twisting condo The XI launched sales, ranging from a $2.85 million one-bedroom to a $28 million penthouse. [CityRealty] Sales also launched at 111 West 57th […]

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September 17, 2018

Roman Abramovich signs over Upper East Side megamansion to ex-wife in $92M transfer

6sqft recently reported that construction had begun on Russia-born billionaire Roman Abramovich's Upper East Side megamansion combo of three existing townhouses on East 75th Street. Plans for the megamansion with a pool, art room, backyard and a glass and bronze curtain wall connecting the three townhouses in the rear, designed by Stephen Wang + Associates, were approved by the Landmarks Preservation Commission in November of 2017. The LPC approval came a few months after Abramovich announced a split from arts patron and businesswoman Dasha Zhukova, whom he married in 2008 and with whom he has a son and a daughter. Now, the New York Post reports, Abramovich has transferred ownership of the properties at 9, 11 and 13, along with at least one other Upper East Side address to his ex.
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September 14, 2018

Steven Mnuchin lists swank Park Avenue co-op for $33M

Treasury Secretary Steven Mnuchin has just listed the Park Avenue duplex that has been in his family since the 1960s for $32.5 million, the New York Post reports. Mnuchin bought the 12-room, 6,500 square-foot Upper East Side duplex from his aunt for $10.5 million in 2000, so even if the co-op in tony 740 Park Avenue doesn't fetch the ask, he'll pocket a tidy profit. The Rosario Candela-designed building is known for its wealthy residents who have included Rockefellers, Kochs and Bronfmans as well as being Mrs. Onassis' childhood home. The former Goldman Sachs investment banker and Hollywood film producer was based in California before accepting a position with the Trump administration and has never claimed the Park Avenue home as his primary residence.
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Sales to begin at super-skinny supertall 111 West 57th Street; priciest units are $57M

Image: Hayes Davidson

September 7, 2018

Sales to begin at super-skinny supertall 111 West 57th Street; priciest units are $57M

Despite a long history of financial and legal woes, Property Markets Group, Spruce Capital Partners and JDS Development’s tall and slender tower at 111 West 57th Street is gearing up to begin sales (for real this time) according to the New York Times. After years of lawsuit threats, reports that construction had stalled over budget overruns and a potential foreclosure, the 1,428-foot, 86-story tower will kick off sales, to be handled by Douglas Elliman, on September 13.
Pricing and more, this way

Trump Tower apartment right below the president hits the market for $25M

Photo of Trump via Michael Vadon on Flickr

August 17, 2018

Trump Tower apartment right below the president hits the market for $25M

By Annie Doge

You don't need a security clearance to live below the President, but it might still be a challenge for whomever wants to buy the condo right below Donald Trump's Midtown residence. The Post reports that the duplex unit on the 64th and 65th floors of Trump Tower has just hit the market for $24.5 million and sources are saying it "directly adjoins" his bedroom. So how can the administration legally control the buyer? By convincing the condo Board to exercise a board waiver and buy the apartment themselves, according to the Post. And this may just work; a recent Business Insider investigation into a mysterious $1.5 million apartment Melania bought in the building shows that this was the only unit the Board had ever bought.
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Developer’s pitch would turn Liberty State Park into a Formula One racetrack

Image courtesy of Shinya Suzuki via Flickr.

August 16, 2018

Developer’s pitch would turn Liberty State Park into a Formula One racetrack

Five million people a year visit New Jersey's 1,212 acre Liberty State Park on the west shore of New York Harbor for views of Lady Liberty and the the New York City skyline and a visit to its historic rail terminal. But even as the public land is enjoyed by the public for which it is set aside, private interests see the taxpayer-owned waterfront parkland as a jackpot waiting to happen in the form of luxury resort concepts like a golf course and, the most recent pitch, a Formula One racetrack with a 100,000-seat grandstand and fields for international cricket matches, Bloomberg reports. Though they would be on mostly private land, the developer wants 20 acres of the park in order to offer rich revelers its breathtaking views in return for cleaning up 200 contaminated, fenced-off park acres.
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Policy

Construction underway for Roman Abramovich’s Upper East Side mega-mansion

Via LPC

August 14, 2018

Construction underway for Roman Abramovich’s Upper East Side mega-mansion

Russia-born billionaire Roman Abramovich is moving ahead with his plan to construct a mega-mansion on the Upper East Side, the New York Post reported on Monday. Abramovich's original proposal in 2016 called for an "18,255-square-foot mansion with a six-foot front yard, 30-foot backyard and pool in the cellar" across a combination of three townhouses on East 75th Street. Although the Landmarks Preservation Commission rejected that first plan, a proposal that kept similarly-styled facades and added a fourth property was approved soon after.
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St. Patrick’s Cathedral $7M air rights deal blocked by exclusive men’s club

Image via Wikimedia

August 10, 2018

St. Patrick’s Cathedral $7M air rights deal blocked by exclusive men’s club

In March, the Archdiocese of New York reached a deal to sell 30,000 square feet of development rights from St. Patrick's Cathedral to MRP Realty and Deutsche Bank, the owners of 405 Park Avenue in Midtown East. But, as Crain's reported on Thursday, an exclusive men-only club has undercut the Archdiocese by offering the developers the deal at a lower price. The Brook, known for its billionaire clientele, will sell its air rights over its property at 111 East 54th Street to the owners of 405 Park Avenue. The owners plan to use the air rights to add four new floors to the 17-story property, a high-end office building.
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Policy

Scarlett Johansson checks out $8M oceanfront condo at celeb-studded Montauk resort

Scarlett Johansson image via Wikimedia Commons.

July 19, 2018

Scarlett Johansson checks out $8M oceanfront condo at celeb-studded Montauk resort

Scarlett Johansson and Colin Jost have looking at beachfront properties in the Hamptons. According to the New York Post, Johansson and her man recently checked out a five-bedroom condo at Gurney’s in Montauk, in the resort's new 26-unit residential section which opened in 2016. The pair toured a pretty property priced at $7.95 million (reduced from $8.49 million, though it's still the most expensive of the eight available residences).
Make like a star and take the tour

July 17, 2018

PHOTOS: Pier 55’s undulating support structure takes shape on the Hudson River

Construction photo via CityRealty; Rendering via Heatherwick Studio Construction has moved along quite nicely at Pier 55, the on-again, off-again public park project funded by billionaire businessman Barry Diller planned for the Hudson River. While there was not much to show when the park broke ground in April, photos recently taken by CityRealty reveal new concrete pylons arranged in various heights. These will act as the wave-shaped floating park's support structure.
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Plans for New York City’s first soccer stadium focus on the Bronx, again

Yankee Stadium. Image: pingnews.com via Flickr

July 12, 2018

Plans for New York City’s first soccer stadium focus on the Bronx, again

New York City Football Club, the Major League Soccer franchise owned by the Yankees and an investment group led by Abu Dhabi billionaire royal Sheik Mansour bin Zayed al-Nahayan, who also owns Manchester City Football Club, may have found a site for its own home stadium after a five-year search. The focus is on a site in the Bronx near Yankee Stadium, which is where the team's owners had wanted to build the stadium in 2013, as 6sqft previously reported. This time around, the stadium would be part of a multibillion-dollar 20-acre development along East 153rd Street and River Avenue between Yankee Stadium and the Bronx Terminal Market and would also include a park, a hotel and soccer and sports-focused conference center, shops, office space, a school and as many as 3,000 affordable apartments, according to the New York Times.
More details, this way

July 5, 2018

Live in Al Pacino’s former Central Park South condo for $2.7M

By Annie Doge

Before the stretch became known as Billionaires' Row, Al Pacino called 301 West 57th Street home. The Oscar-winning actor, best known for his roles in "Scarface" and "The Godfather," lived in different units in the building between 1988, when the building was built, and 2013, including a 14-floor corner condo that just hit the market for $2.7 million, reports the Post.
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Qatari fund closes on $600M Plaza Hotel buy

Photo via Wally Gobetz/Flickr

July 5, 2018

Qatari fund closes on $600M Plaza Hotel buy

In May, the minority owners of the iconic Plaza Hotel, Ashkenazy Acquisition Corporation and Saudi Prince Alwaleed bin Talal, went into contract on the landmarked building, matching the $600 million offer made earlier in the month by a separate group of investors. However, reports out today tell us that the deal closed on Monday, with Katara Hospitality, a subsidiary of Qatar's sovereign wealth fund, buying the minority owners' 25 percent stake, along with Indian business group Sahara's 70 percent stake and hotelier Sant Singh Chatwal's five percent stake. Katara is the Qatar Investment Authority’s hotel division and this is their first foray into the NYC market. According to sources referenced by The Real Deal, the minority group decided to drop its bid because Katara offered greater “certainty” of closing.
The long road to selling the Plaza

Uncategorized

May 17, 2018

Live inside a windmill in Montauk for $1.9M

Property in Montauk–where billionaires live in trailer parks–just isn't like other places. For example, this windmill house was built in 1928 by Arthur W. B. Wood, an architect who was enamored of–you guessed it–windmills. Though the windmill that's part of the six-bedroom home at 162 Fairview Avenue isn't a real, functional windmill, it is the only windmill house in Montauk. And it's currently on the market for $1.9 million.
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A Saudi prince and NYC real estate company will buy iconic Plaza Hotel for $600M

Photo via Creative Commons

May 4, 2018

A Saudi prince and NYC real estate company will buy iconic Plaza Hotel for $600M