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The 1,550-foot Central Park Tower, the soon-to-be tallest residential tower in New York City, has gotten some new renderings that reveal how it'll appear lit up at night, as well as how its interiors may look (h/t YIMBY). Extell Development's current plans for the Billionaires' Row tower call for 179 condominiums, spanning on average 5,000 square feet, with open layouts and oversized windows overlooking Central Park. With the construction of the supertall at 217 West 57th Street now hitting its halfway mark and rising to roughly 700 feet, Central Park Tower is expected to be completed in 2019.
See inside the supertall

Did Nicole Kidman and Keith Urban buy Michael Jackson’s former UES mansion?

Photo of Nicole Kidman and Keith Urban courtesy of UN Women

November 27, 2017

Did Nicole Kidman and Keith Urban buy Michael Jackson’s former UES mansion?

By Annie Doge

Adding to the mansion’s celebrity lineage, country music star Keith Urban might be buying the 16-room Upper East Side townhouse at 4 East 74th Street for $39 million as a gift for his wife, Oscar-winner Nicole Kidman. According to Woman's Day, Kidman will take her acting career to Broadway, making the townhouse on Central Park the perfect nesting spot, although a deal has not been made official. "While there are several interested parties in the house, no deal has been made yet and a contract has not been signed," said the listing's agent, Adam Modlin. "The house is available." Constructed in 1898, past residents have included artist Marc Chagall and Michael Jackson. The sprawling six-story home features seven bedrooms, eight bathrooms and an original detailed oak staircase, 10 wood burning fireplaces and a private roof deck. As 6sqft previously covered, the building's current owner, billionaire hedge fund manager and Milwaukee Bucks co-owner Marc Lasry, listed the property earlier this month.
See inside

Crown Building’s $100M penthouse will have two indoor pools and a piano lounge

Penthouse rendering courtesy of Aman Resorts

November 16, 2017

Crown Building’s $100M penthouse will have two indoor pools and a piano lounge

Floor plans of the Crown Building's crown jewel, its five-story penthouse, have revealed what $100 million will buy you at one of the city's most desirable locations for the super-rich. As the Real Deal learned, the penthouse features two swimming pools, a piano lounge and a full-floor master suite. The 14,000-square-foot pad sits in the actual crown of the building, spanning floors 22-26. The rest of the Billionaires' Row building at 730 Fifth Avenue isn't too shabby either; the building includes an 83-key luxury Aman Resorts hotel with a three-story spa, a jazz and cigar club, a few restaurants and 20 luxury condos.
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Foreclosures and flopped flips pile up at One57, sending grim message to big ticket investors

Image © Wade Zimmerman courtesy of Agence Christian de Portzamparc (ACDP)

November 16, 2017

Foreclosures and flopped flips pile up at One57, sending grim message to big ticket investors

A full-floor, 6,240-square-foot penthouse at Midtown billionaires' bunker One57 recently sold to an unidentified high bidder–one of five contenders–at a foreclosure auction for $36 million. That number is 29 percent lower than the original $50.9 million price shelled out by Nigerian businessman Kolawole Akanni Aluko for the newly-minted condo in 2014. The fire sale was the fourth resale in the 1,004-foot-tall Billionaire's Row flagship trophy tower to trade at a loss, according to data from appraiser Miller Samuel Inc., reports Bloomberg. The latest example is the largest discount to date on one of the pricey properties, all of which sends a message to buyers with plans to cash in on the ultra-luxury units in short order. And there are currently 16 apartments at the building listed for sale, most of them by the developer.
Read on

Real Estate Trends

November 15, 2017

Historic UES mansion with Michael Jackson and ‘Gossip Girl’ ties asks $39M

The celebrity connections at 4 East 74th Street date all the way back to its construction in 1898 when architect Alexander Welch was commissioned to design the Beaux-Arts townhouse. Welch served as the consulting architect on the restorations of Alexander Hamilton's Harlem home Hamilton Grange and George Washington's headquarters in White Plains. The Upper East Side home was bought by Francis Lynde Stetson and his wife. Corporate attorney Stetson was at one time the law partner of Grover Cleveland. According to Curbed, who first spotted the listing, in more recent years, the 16-room mansion has counted among its residents artist Marc Chagall and Michael Jackson, who rented it in the 90s. The house also stood in as the exterior of Nate Archibald’s residence in "Gossip Girl." It's now owned by billionaire Moroccan-born American hedge fund manager and Milwaukee Bucks co-owner Marc Lasry, who's just listed it for $39 million.
Take a tour

LPC approves Roman Abramovich’s revised Upper East Side mega-mansion proposal

Image: Landmarks Preservation Commission

November 14, 2017

LPC approves Roman Abramovich’s revised Upper East Side mega-mansion proposal

Shortly after Roman Abramovich added a fourth Upper East Side townhouse to his now-$96-million assemblage on East 75th Street, the Russian billionaire's three-house, 18,000-square-foot mega-mansion plans changed ever so slightly, with renovation efforts to be concentrated on numbers 9, 11 and 13, leaving number 15 out of the running for the mega-combo. As 6sqft previously reported, the steel magnate and owner of the Chelsea Football Club has been working with architect Steven Wang with big-name firm Herzog & de Meuron as a design consultant. The first proposal for the project, “an 18,255-square-foot mansion with a six-foot front yard, 30-foot backyard, and pool in the cellar" was rejected by the Landmarks Preservation Commission and the DOB in April 2016, but a revised plan was approved two months later. Tweaked again to include the new property, the revised plan has been officially approved on Tuesday by the Landmarks Preservation Commission.
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New development sales in Manhattan expected to hit $12B by 2020

New development visualized through 2020, via CityRealty

November 14, 2017

New development sales in Manhattan expected to hit $12B by 2020

According to CityRealty's 2017 Manhattan New Development Report, things are really going to heat up over the next few years. While new development sales dropped to $8.3 billion in 2017 from $9.4 billion in 2016 (attributed to a softening in the luxury market), there are a number of new big-time buildings that will commence closings and have the potential to drive total sales up to a whopping $11.9 billion by 2020. One key player is Extell Development’s One Manhattan Square on the Lower East Side. With 815 apartments, it will be the largest condo by unit count ever constructed in the city. And up on Billionaires' Row, Extell's Central Park Tower will have the city's biggest sell-out ever at $4 billion, while Vornado's 220 Central Park South is looking to set the record for highest price per square foot ever in NYC.
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Real Estate Trends

My 824sqft: Extell Development’s VP of Architecture moves into Hudson Square’s 70 Charlton

6sqft’s series “My sqft” checks out the homes of New Yorkers across all the boroughs. Our latest interior adventure brings us to the Hudson Square apartment of architect Brooks McDaniel. Want to see your home featured here? Get in touch!

November 6, 2017

My 824sqft: Extell Development’s VP of Architecture moves into Hudson Square’s 70 Charlton

In 2013, the Hudson Square area was rezoned to allow residential development for the first time, and the first building to welcome tenants into the neighborhood was Extell Development's 70 Charlton Street. Though Beyer Blinder Belle are responsible for the industrial-style facade, it's actually Extell's team of in-house architects who got the ball rolling, as they do with all projects, from Billionaires' Row blockbusters like One57 and the Central Park Tower to downtown game changers like 555Ten and One Manhattan Square. For the past three years, Brooks McDaniel has worked as Extell's Vice President of Architecture. After experiencing first-hand their "level of design, quality of construction, and attention to detail," he decided to live in an Extell building. Wanting to move back to Manhattan from Brooklyn, he chose 70 Charlton for its clean, modern aesthetic and easy access to so many great areas. He recently gave us a tour of his custom-designed pad and filled us in on what it's like working for one of NYC's biggest developers.
Take the tour

Study shows huge disparity in U.S. urban land value, with NYC making up 10%

Photo via Public Domain Pictures

November 3, 2017

Study shows huge disparity in U.S. urban land value, with NYC making up 10%

A recently-published study by economists at the University of Illinois and the University of Michigan shows that 48 percent–almost half–of the total value of America’s urban land can be found within the borders of five of what Citylab's Richard Florida calls "superstar metro areas:" New York, Los Angeles, San Francisco, Washington, D.C., and Chicago. According to the study, the value of America's urban land is a total of $25 trillion as of 2010—more than double the nation’s 2006 GDP. That's an average of $511,000 per acre or $100,000 for the typical residential lot of a fifth of an acre. But in NYC, which makes up a whopping 10 percent of this total, an acre of land is worth more than $5 million.
The gap widens

Real Estate Trends

November 2, 2017

Chef-owned Chelsea loft boasts a serious kitchen for $2.3M

By Emily Nonko

This Chelsea loft belongs to a chef, food stylist and cookbook author--so you better believe the kitchen is going to impress. The 1,600-square-foot apartment, once a gritty live/work loft at 236 West 26th Street, has been renovated with chef-friendly details over the years. According to the listing, "The loft had been a cooking school in one of its reincarnations and looks like it." The 22-foot-long kitchen is decked out with industrial cabinetry, stainless steel appliances and tons of counter space, which is lined in Carrara marble. After previously hitting the market in 2006 for $1.698 million--it looks like it never sold--it's back up for grabs at $2.249 million.
Get a look

Distinctive Homes

Lottery opens for Extell’s Lower East Side affordable rental, from $947/month

Rendering of 229 Cherry Street, via Extell Development

November 1, 2017

Lottery opens for Extell’s Lower East Side affordable rental, from $947/month

The housing lottery for Extell Development's affordable housing building in the Lower East Side has officially launched. The 13-story development at 229 Cherry Street and sits right next to the group's amenity-filled, luxury condo, One Manhattan Square. Designed by Dattner Architects, residents at 229 Cherry Street will have access to a landscaped terrace, fitness center and a lounge. Qualifying New Yorkers earning 60 percent of the area median income can apply for $947 per month studios, $1,017 per month one-bedrooms and $1,230 per month two-bedrooms.
Find out if you qualify

Affordable Housing

Roman Abramovich buys fourth townhouse on Upper East Side block for $96M mega-mansion

Rendering of the revised LPC proposal from June 2016; via Steven Wang Architects

October 30, 2017

Roman Abramovich buys fourth townhouse on Upper East Side block for $96M mega-mansion

In the wake of Mayor de Blasio's claims that Russian oligarchs "basically stole the wealth of their country with the help of their government" and then used these "ill-gotten gains" to buy up property here in the city, one of the country's best-known billionaires, steel magnate and owner of the Chelsea Football Club Roman Abramovich, has purchased a fourth townhouse on a landmarked Upper East Side block in order to create an unprecedented mega-mansion. According to the Post, Abramovich's latest buy was a secret one but brought his total assemblage up to a whopping $96 million. Though he could've created the "biggest home the city has ever seen," reps for architect Stephen Wang tell us that the project will still remain a three-townhouse combination, now with a different trio included.
More details ahead

Celebrities

Crown Building’s five-story penthouse is the latest to join Midtown’s $100M+ club

Penthouse rendering (Aman Resorts)

October 27, 2017

Crown Building’s five-story penthouse is the latest to join Midtown’s $100M+ club

Taking its name from an elaborate pyramid-shaped crown, the Crown Building at Fifth Avenue and 57th Street has been described as one of the city's most desirable retail locations. Michael Shvo and Russian developer Vladislav Doronin bought the non-retail upper floors of 730 Fifth Avenue in 2015 and filed plans to redevelop the Billionaires' Row property, and new details have been revealed, CityRealty reports. An 83-key luxury hotel with a three-story spa, a members-only lounge, a jazz club and cigar bar and two restaurants will start on the fourth floor. Above the hotel, 20 luxury condominiums known as Aman New York Residences will start on the 11th floor. The building's crown jewel will be a 14,000 square-foot five-story penthouse on floors 22-26 asking $100 million.
See more, this way

New Developments

Barry Diller’s Pier 55 offshore park plan is back on with backing from Cuomo

Photo: Pier 55, Inc./Heatherwick Studio.

October 26, 2017

Barry Diller’s Pier 55 offshore park plan is back on with backing from Cuomo

In September, 6sqft reported that billionaire IAC Chairman Barry Diller was giving up on the $250 million project that promised to bring a futuristic offshore park and cultural destination to the Hudson River’s dilapidated Pier 54. Since its beginnings in 2014, the seemingly ill-fated project, known as Pier 55 (or sometimes “Diller Park”), was beleaguered by opposing factions–eventually revealed to be funded by prominent New York real estate developer Douglas Durst–that blocked its progress at every turn. Diller, who had imagined the project as a new Manhattan waterfront icon to rival the nearby High Line, had had enough. In a cautiously optimistic turnaround, it was announced Wednesday that the media mogul–now backed by his recent legal foes and Durst in addition to Governor Andrew Cuomo–was renewing his commitment to move ahead with the project, according to Crain's. Diller said in a statement, "I have had countless people tell me how much they were looking forward to having this new pier, and how unfortunate were the circumstances of its cancellation."
So what happened?

262 Fifth Avenue, the tallest tower between Empire State Building and One WTC, gets new details

Rendering via DBOX for Meganom

October 25, 2017

262 Fifth Avenue, the tallest tower between Empire State Building and One WTC, gets new details

There will be a lot of firsts at 262 Fifth Avenue--Nomad's first supertall, Moscow-based firm Meganom's first U.S. project, and NYC's first Russian-designed supertall. 6sqft first uncovered renderings of the super-skinny, 1,009-foot skyscraper in May, revealing its aluminum and glass facade and "striking arched observation deck" at its top. Now, Yimby has gotten its hands on a new rendering, just a day after the Department of Buildings approved plans for the project.
See the new rendering in full

October 20, 2017

$8M Soho loft is a bachelor’s bunker for the man who has everything

From the mother-of-pearl shower with aromatic steam to the vaulted mahogany master closet, this dark and luxurious lair is stocked from stem to stern with custom perks that go way beyond the $7.9 million loft's private key-locked elevator and smart home system. Located in a classic pre-war Soho loft building at 459 West Broadway, the 3,150-square-foot space is even outfitted with a secret home gym hidden behind a moving bookcase.
Come in for a peek

Distinctive Homes

October 16, 2017

$6.5M home in The Carlyle comes with valet, room service, and IT support

Rising high above the Upper East Side and Central Park, the iconic tower of the The Hotel Carlyle at 35 East 76th Street has symbolized old-world elegance and society glamour since it was built in 1929. This two-bedroom co-op on the market for $6.495 million puts all the comforts of home in the hands of the hotel's attentive staff, giving residents access to housekeeping, a concierge, doorman, valet, 24/7 room service, a phone operator, an engineer, IT support, shipping, a courtesy car, a garage, a spa and salon and a fitness center, plus banquet and conference facilities. Just downstairs are the famed Bemelmans bar–named for Ludwig Bemelmans artist and author of the "Madeline" series of children's classics (his mural adorns the walls of the establishment)–and Cafe Carlyle.
Get a peek behind the velvet curtains

Distinctive Homes

October 12, 2017

Options are many for this five-story $30M Beaux-Arts limestone townhouse on Museum Mile

Currently comprised of four apartments–two triplexes and two single-floor units—the seller of this impressively ornate 1903 townhouse at 7 East 88th Street hopes potential buyers will see it as a $29.95 million opportunity to create a grand Upper East Side single-family mansion. Situated just down the block from the Guggenheim, this stunning historic building comes with proposed single-family floor plans if you need any help visualizing life on five stories (plus an English basement) from the solarium to the basement gym. If five stories seem daunting, an elevator makes things easier.
Take the five-story-plus tour

Distinctive Homes

October 5, 2017

REVEALED: Central Park Tower’s ‘Village Green’ lawn and pool deck

Central Park Tower, New York City's future tallest residential skyscraper, is getting a more down-to-earth design. As CityRealty learned, the supertall at 225 West 57th Street on Billionaires' Row will feature a sprawling landscaped space designed by HMWhite. The firm's terrace design includes both passive and active recreational areas, like a central open lawn and a sequence of complimentary garden rooms. Renderings of the projected 1,550-foot tall tower reveal a lap pool overlooking West 57th Street and a sun deck among pergolas and trellises.
More this way

October 3, 2017

One57’s 85th-floor unit comes back on the market for $70M after a full reno

In the building known for the city's most expensive residential sale ever (a dizzying duplex on the 89th and 90th floors of the iconic skyscraper at 157 West 57th Street whose $100 million sale closed in 2014), big-ticket buys hardly turn heads. But that same year, the headline-grabbing supertall saw its third most expensive unit change hands when Canadian investor and Ferrari collector Lawrence Stroll dropped $55.6 million on a 6,240-square-foot 85th-floor home in the building's tower. Now he's put the full-floor pad back on the market for an even more noteworthy $70 million. According to the listing, the apartment had a complete renovation even in its short lifetime–and clearly, Stroll, worth an estimated $2.4 billion spared no expense, including woven suede walls, a sculptural wall by artist Peter Lane, and a double-sided marble fireplace.
Get a look at this big bank account in the sky this way

Distinctive Homes

Donald Trump’s Empire State Building doodle expected to fetch $12,000 at auction

Sketch via Julien’s Auctions; Donald Trump via Wiki Commons

September 28, 2017

Donald Trump’s Empire State Building doodle expected to fetch $12,000 at auction

Update 10/20/17: Crain's reports that Trump’s doodle has sold at auction for $16,000. The buyer has not been named, but a portion of the sale will benefit Connecticut National Public Radio station WHDD-FM. He may not have had any formal political experience before taking office, but Donald Trump was certainly well versed in doodling. In July, a 2005 charity auction sketch he made of the NYC skyline, which not surprisingly depicts Trump Tower front and center among anonymous buildings, sold at auction for an incredible $29,184. And now, as reported by the Guardian, a similarly elementary sketch he did of the Empire State Building is also headed to auction, where it's expected to fetch up to $12,000, a portion of which will be donated to National Public Radio (NPR). Interestingly, Trump did the signed drawing in 1995, the year after he began his fraught attempt to take ownership of the landmark building.
Find out more

September 28, 2017

$13.5M UES townhouse boasts one of Manhattan’s finest private gardens

The listing tells us this six-story townhouse at 140 East 65th Street on the Upper East Side, with 18 rooms accessible by a wood-paneled elevator, is "the antithesis of the familiar, plain-vanilla, cookie-cutter developer spec house," and we'd have to agree. Asking $13.5 million, its 7,000 interior square feet and 900 square feet of private outdoor space are brimming with magnificent design details that include one of the finest private gardens in Manhattan, designed by the Curator of Japanese Gardens at the Brooklyn Botanical Garden.
Check out the endless details and rooms to spare

Distinctive Homes

Octagonal ‘periscope’ tower proposed for Rafael Vinoly’s 249 East 62nd Street

Google Earth aerial rendering of 249 East 62nd Street’s proposed massing, via CityRealty

September 28, 2017

Octagonal ‘periscope’ tower proposed for Rafael Vinoly’s 249 East 62nd Street