Search Results for: billionaire

Bought in the ’70s for $170K, showbiz couple’s massive Upper West Side townhouse asks $20M

September 22, 2017

Bought in the ’70s for $170K, showbiz couple’s massive Upper West Side townhouse asks $20M

By Michelle Cohen

Built in 1897 in the Elizabethan Renaissance Revival style by renowned architect Clarence True, this brick and limestone mansion occupies a 43-foot-wide lot, not in Forest Hills or Riverdale, but at 323 West 80th Street on the Upper West Side. The New York Post writes that the owners, a Broadway producer who ran the downtown rock club the Bitter End and his wife, Donna, a casting director who happens to be the sister of Bernadette Peters, bought the house–then a rundown SRO–for $170,000 in the 1970s. Even then, they could see the potential in this grand, gothy 10,000-square-foot palace, at the time carved up into 20 rooms. A few years have passed, but we can't help but wonder if they imagined they'd list the spruced-up house, complete with garage, elevator and enchanted garden, for almost $20 million.
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Former NBA player and coach Phil Jackson lists historic Osborne co-op for $5M

September 18, 2017

Former NBA player and coach Phil Jackson lists historic Osborne co-op for $5M

Shortly after taking over as president of the Knicks in 2014, NBA legend Phil Jackson rewarded himself with a gorgeous, historic apartment at The Osborne. But now that he's left the team (he and the Knicks "mutually parted ways" in June after a disagreement over player Carmelo Anthony's status) and lost his $12 million/year contract, he's decided to also part ways with the Billionaires' Row residence. Curbed reports that Jackson listed the three-bedroom apartment for $4,950,000, barely above the $4,895,000 that he bought it for.
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Explore 1980s NYC street by street with this interactive map

The East Village in the 1980s

September 15, 2017

Explore 1980s NYC street by street with this interactive map

By Michelle Cohen

From Broadway to Bowery, 1980s New York City was a very different place compared to today's manicured metropolis. Courtesy of Maps Mania, the 80s.NYC street map picks up where the Finance Department of New York City left off. In the mid ‘80s the bureau photographed every single building in the five boroughs in order to accurately assess building taxes and estimate property taxes. Brandon Liu and Jeremy Lechtzin have finessed this trove of photographic information into a nifty map that allows users to travel the city's streets in the bad old 1980s with a map-based street view for an easy-to-browse glimpse of the streetscape 30 years ago. You can browse by location by clicking anywhere on the map for vintage street views on that spot, or type in an address. For more context there are curated “stories” that provide historical background where it’s available (and interesting).
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History

Barry Diller pulls the plug on $250M Pier 55 offshore park

Photo: Pier 55, Inc./Heatherwick Studio.

September 14, 2017

Barry Diller pulls the plug on $250M Pier 55 offshore park

By Michelle Cohen

Barry Diller, the billionaire chairman of IAC, announced he's killing the $250 million project that promised to bring a futuristic offshore park and cultural site to the Hudson River's dilapidated Pier 54. 6sqft previously covered the unfolding saga of the ill-fated project, known as Pier 55 (or sometimes as "Diller Park"), as opposing factions continually blocked its progress and were eventually revealed to be funded by prominent New York real estate developer Douglas Durst. According to the New York Times, Diller said Wednesday that his commitment to build the undulating pier would be coming to an end—an inglorious one for a bold plan that some, and certainly Diller himself, saw as a new Manhattan waterfront icon to rival the nearby High Line.
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From gallery to solarium, $5.2M West Side condo takes classic Manhattan into the 21st century

September 12, 2017

From gallery to solarium, $5.2M West Side condo takes classic Manhattan into the 21st century

By Michelle Cohen

This Parc Vendome apartment at 350 West 57th Street embodied a certain classic New York style long before West Midtown became Billionaires’ Row, when nearby Hell’s Kitchen was still a colorful jumble of old and new. The bright, pristine space rivals any in 21st century Manhattan when it comes taking art collecting and entertaining seriously, with a 27-foot gallery and a solarium as just a sampling of its enviable features, making the 2,600-square-foot unit’s $5.2 million ask seems like a deal.
Tour this classic four-bedroom beauty

Distinctive Homes

David Rockefeller’s 75-acre Westchester estate asks $22M

September 11, 2017

David Rockefeller’s 75-acre Westchester estate asks $22M

By Michelle Cohen

Some call it the end of an era of understated wealth. David Rockefeller, philanthropist, art collector and former CEO of Chase Manhattan bank–and the last surviving grandson of oil baron John D. Rockefeller–died in March at the age of 101. His properties have been up for sale since then, including his legendary art collection featuring works by Matisse, Cezanne, Gauguin, Seurat, and Picasso that headed for auction at Christie’s, his Upper East Side townhouse with an ask of $33 million and a retreat in Maine asking $19 million. The billionaire’s treasured Westchester estate, Hudson Pines, has just been listed at $22 million. Only 45 minutes from New York City, the property, which was home to the aforementioned art collection as well as the owner's antique carriage collection and his collection of 250,000 beetle specimens–Rockefeller was an avid entomologist–seems a world away from the bustle of daily life.
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John Catsimatidis wants his Coney Island development to have its own street car

A rendering of Ocean Dreams from January via Dattner Architects

September 11, 2017

John Catsimatidis wants his Coney Island development to have its own street car

By Devin Gannon

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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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’

By Michelle Cohen

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

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

15 Central Park West. Image: Wikimedia Commons

August 23, 2017

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

By Michelle Cohen

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

$175M former Ford family estate sets record for most expensive Hamptons listing

August 18, 2017

$175M former Ford family estate sets record for most expensive Hamptons listing

By Michelle Cohen

The 42+ acre Jule Pond Road Southampton estate that was built for Henry Ford II, grandson of the auto magnate, is asking $175 million; the towering ask makes the property, anchored by a 20,000-square-foot 12-bedroom home and blessed with the most ocean frontage in the Hamptons at almost a quarter mile long, the most expensive listing in not only the Hamptons but all of New York state, according to Mansion Global.
More photos of this gorgeous beachfront estate this way

Distinctive Homes

New rendering of Extell’s Central Park Tower shows sparkling all-glass facade

Rendering of Central Park Tower via Extell Development

August 15, 2017

New rendering of Extell’s Central Park Tower shows sparkling all-glass facade

By Devin Gannon

A new rendering of Central Park Tower, slated to be the tallest residential tower on Earth, shows the most sparkling image of the residential building yet. Construction for Extell Development’s supertall, located at 225 West 57th Street on Billionaires’ Row, is underway and when completed, the tower is projected to be 1,550-feet tall. As CityRealty reported, the all-glass rendering appears to be taken about 900-feet above Central Park and leaves out rivaling towers, 432 Park Avenue and 111 West 57th Street. The $2.98 billion project is expected to be completed in 2019.
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Despite legal troubles, the first units at 111 West 57th Street go into contract

Rendering of 111 West 57th Street via Property Markets Group

August 3, 2017

Despite legal troubles, the first units at 111 West 57th Street go into contract

By Devin Gannon

Just last week, 6sqft covered the financial and legal woes of Property Markets Group and JDS Development’s super tall and slender tower at 111 West 57th Street. Despite reports that construction had stalled over budget overruns and a potential foreclosure, the first condominiums, at what is lined up to be the world’s future tallest residential skyscraper, just went into contract (h/t The Real Deal). While Apollo Commercial Real Estate Finance, which issued a $325 million mezzanine loan for the project, did not share exactly how many units out of 60 are under contract, CEO Stuart Rothstein told TRD, they sold at “prices well over (Apollo’s) basis.”
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World’s skinniest skyscraper at 111 West 57th Street stalled at 20 stories by soaring costs

July 27, 2017

World’s skinniest skyscraper at 111 West 57th Street stalled at 20 stories by soaring costs

By Michelle Cohen

The construction of Property Markets Group and JDS Development’s 1,421-foot-tall tower at 111 West 57th Street has been the subject of much anticipation and excitement, as it's slated to be among the tallest residential skyscrapers anywhere and the world's most slender with a height-to-width ratio of 24:1. But after rising only 20 stories, the SHoP Architects-designed Billionaires' Row addition has stalled, plagued with budget overruns and headed for foreclosure, the New York Post reports.
What could possibly have happened?

After three years, Jacqueline Kennedy Onassis’s childhood home on the UES sells for $25M

July 14, 2017

After three years, Jacqueline Kennedy Onassis’s childhood home on the UES sells for $25M

James T. Lee, Jacqueline Kennedy Onassis' grandfather, was a prolific NYC developer at the beginning of the 20th century, bestowing upon the city some of its most elegant co-ops like 998 Fifth Avenue and the Rosario Candela-designed 740 Park Avenue. He himself took up residency in the latter building when it was completed in 1930 and gifted another apartment in the Upper East Side building to his daughter Janet and her husband John V. Bouvier; Jackie O lived there with her parents between the ages of two to seven. In more recent years, hedge fund manager David Ganek and his wife bought the duplex in 2005 for $19.1 million, using it to also showcase their impressive modern art collection. The couple first listed the home for $44 million in 2014, and after several price chops, it's finally sold $25.25 million reports the Journal. Jacob M. Safra of the billionaire Safra family, of Brazilian banking fame, is the buyer.
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First look at Central Park Tower’s palatial amenity spaces and apartment layouts

Central Park Tower renderings (Extell / AS+GG)

July 12, 2017

First look at Central Park Tower’s palatial amenity spaces and apartment layouts

By Michelle Cohen

We expected that Central Park Tower, the city's tallest-tower-to-be swiftly rising at 225 West 57th Street, would be giving Midtown record-smashers like 432 Park Avenue a run for their trophy-tower money. And now newly-revealed details uncovered from the building's EB-5 brochure offer a first glimpse of what the upcoming supertall's rivals could be up against. The preliminary overseas marketing images spotted by CityRealty show off the 1,550-foot-tall building's apartment layouts and the ultra-luxe amenity spaces that will sit high above the hotel and Nordstrom, the building's flagship retail tenant. Developer Gary Barnett's new condo development is the most expensive ever attempted in the city and is projecting a $4 billion sellout including retail and hotel tenants.
Sky palaces and amazing amenities this way

Lady Gaga tours a $6M oceanfront home at Montauk’s Gurney’s Residences

June 29, 2017

Lady Gaga tours a $6M oceanfront home at Montauk’s Gurney’s Residences

By Michelle Cohen

Lady Gaga–a.k.a. Stefani Germanotta–was recently spotted frolicking in the Hamptons with boyfriend/CAA-agent-to-the-pop-stars Christian Carino; the New York Post reports the pair were also seen touring a property in Montauk. The singer was apparently smitten enough with a $5.9 million three-bedroom unit at Gurney's Residences oceanfront resort at 272 Old Montauk Highway to return for a second look.
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David Rockefeller’s historic Upper East Side mansion lists for $32.5M

June 9, 2017

David Rockefeller’s historic Upper East Side mansion lists for $32.5M

David Rockefeller, billionaire philanthropist, former head of Chase Manhattan, and grandson of John D. Rockefeller, passed away just three months ago at the age of 101. For the 69 years prior, he lived with his wife Peggy at this historic Upper East Side mansion at 146 East 65th Street. Now, as the Wall Street Journal reports, the rare 40-foot wide townhouse has hit the market for $32.5 million, and the listing photos showcase Rockefeller's impressive collection 18th-century furniture and Chinese and European porcelains (paintings by Cezanne, Gauguin, Matisse, and Picasso have unfortunately been blurred out).
Learn more about the storied home

Celebrities

Moscow-based Meganom reveals designs for 1,001-foot skinny supertall in Nomad

May 31, 2017

Moscow-based Meganom reveals designs for 1,001-foot skinny supertall in Nomad

Joining the ranks of supertall, super-skinny skyscrapers like 432 Park, 111 West 57th Street, and 125 Greenwich Street comes 262 Fifth Avenue in Nomad (h/t Dezeen). The first U.S. project by Moscow-based firm Meganom, the residential tower will soar to 1,001 feet, which will make it the tallest structure between the Empire State Building and One WTC, stealing the title by a longshot from the 777-foot 45 East 22nd Street. The architects say the project "will include several 'firsts' in terms of its design and environmental sustainability features," and that it will boast "a striking arched observation deck" at its top.
More renderings and details ahead

Michael Bloomberg gives $75 million to Hudson Yards arts center The Shed

The Shed via Wikipedia

May 24, 2017

Michael Bloomberg gives $75 million to Hudson Yards arts center The Shed

By Michelle Cohen

Michael R. Bloomberg has added a $75 million contribution to what the New York Times calls "New York's first new cultural institution in recent memory," the arts center known as The Shed, part of the new Hudson Yards development on Manhattan's far west side. The former mayor's gift brings the total raised for the project to $421 million of its $500 million capital campaign. The new arts center has gotten much of its funding from a small group of billionaires that includes Related Companies' Stephen M. Ross and media mogul Barry Diller. Set for completion in 2019, the eight-level structure, designed by Diller Scofidio & Renfro in partnership with the Rockwell Group, will host performances, concerts, visual art, music and other events.
A 'tool kit for artists'

Developer turns marketing new condos into a three-ring circus, complete with life-sized zoo animals

Photo: DBOX for Macklowe Properties

May 4, 2017

Developer turns marketing new condos into a three-ring circus, complete with life-sized zoo animals

By Michelle Cohen

Harry Macklowe, the P.T. Barnum of developers and never one to miss a chance to nibble the tallest branches, has found an 18-foot fiberglass giraffe (plus elephants and rhinos) to do just that. And not to be outdone by the live giraffe used in marketing a Rem Koolhaas (the P.T. Barnum of starchitects, if you will) building outside Paris (Or by Richard Pandiscio’s now-retired beaver) Macklowe has decided that an entire life-sized safari of zoo animals is just the thing to remind people that the vast terraces at his new glass-walled condo at 200 East 59th Street with a “Miami Beach look” are big enough to house an entire circus, the Wall Street Journal reports. Macklowe said the idea was born in a staff meeting where said terraces were touted, and that the critters were sourced in Southampton, NY.
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New Developments

$24M full-floor condo in the historic Apthorp would be the building’s largest and most expensive sale ever

April 25, 2017

$24M full-floor condo in the historic Apthorp would be the building’s largest and most expensive sale ever

By Michelle Cohen

Back when Billionaires' Row was little more than Central Park South, the newly-converted historic Apthorp condominium building at 390 West End Avenue in the heart of the Upper West Side was said to be one of the city's most expensive apartment buildings. Built for William Waldorf Astor in 1908, the building surrounds an interior courtyard, setting it apart from Manhattan’s many other regal residences. Converted to condominiums after being sold in 2006, the building’s most luxurious units arrived on the market in 2013, and new Manhattan sales records were set. The Apthorp may enjoy a moment in the headlines again: Its most expensive unit just hit the market asking $23.995 million. That number–or anything near it–will set a new record for residential units in the building. The larger of the two units in this combined sale is also the building's largest renovated home, spanning a jaw-dropping 8,000 square feet.
Take a tour of this unparalleled residence

Distinctive Homes

Robert A.M. Stern’s 520 Park Avenue, Upper East Side’s tallest building, hits pinnacle height

April 14, 2017

Robert A.M. Stern’s 520 Park Avenue, Upper East Side’s tallest building, hits pinnacle height

By Michelle Cohen

520 Park Avenue, well on its way to being the tallest skyscraper on the Upper East Side, is putting its final crowning members in place, CityRealty reports. The developer of the 54-story tower just off Park Avenue at East 60th Street is the multi-generational Zeckendorf real estate dynasty who brought us 50 U.N. Plaza, 15 Central Park West and the neighborhood-transforming Worldwide Plaza and Union Square's Zeckendorf Towers.
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Hyperloop One plan would take travelers from NYC to D.C. in 20 minutes

April 10, 2017

Hyperloop One plan would take travelers from NYC to D.C. in 20 minutes

By Devin Gannon

Future New Yorkers may travel between cities faster than ever before. Hyperloop One--the California-based tech company whose transportation concept was first proposed by Elon Musk-- revealed its plan for a high-speed tube that could take passengers from NYC to D.C. in just 20 minutes, reports NBC New York (by comparison, Amtrak’s Acela Express currently takes a little more than three hours). Travelers would board magnetically levitating pods that move by electric propulsion and travel at more than 700 miles per hour. This would connect 80 percent of the country, making a cross-country trip just about five hours long. According to the company, nearly 83 million people would benefit from this hyperloop between our nation’s capital and the Big Apple.
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For $1M this Hell’s Kitchen duplex has lots of wood and brick and plenty of flexibility

April 8, 2017

For $1M this Hell’s Kitchen duplex has lots of wood and brick and plenty of flexibility

By Michelle Cohen

This two-bedroom duplex co-op at 357 West 55th Street in West Midtown has a lot going for it considering its $999,000 ask. With a double-height, exposed-brick wall and wood details such as the spiral stair that connects its two floors, there's a warmth that makes this apartment unique. Two full baths make the space guest-friendly, in addition to the fact that you can enter from either floor.
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Distinctive Homes

Sale of $79.5M Upper East Side mansion sets new record for Manhattan’s most expensive townhouse

Image via Google Street View

April 6, 2017

Sale of $79.5M Upper East Side mansion sets new record for Manhattan’s most expensive townhouse

By Michelle Cohen

Image via Google Street View 6sqft reported in November that the 25,000-square-foot, 41-foot-wide townhouse at 19 East 64th Street belonging to art heir David Wildenstein had gone into contract for $81 million. The sale has closed for $79.5 million–$3,180 a foot–according to public records, setting a new record for Manhattan's priciest townhouse sale; the previous record was held by the Harkness mansion at 4 East 75th Street, which sold for $53 million in 2006. According to The Real Deal, the buyer, listed as 19-21 East 64th Holding LLC, is affiliated with HNA Holdings Group CEO Roy Liao. HNA Holdings Group is also behind the $2.2 billion deal to purchase 245 Park Avenue. The 1930s townhouse is the former home of the Wildenstein gallery.
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Real Estate Trends

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