Search Results for: billionaire

Though it may seem unlikely, there are some similarities between art and real estate, one of the biggest being that with big fish come big numbers. That's definitely the case for billionaire art collector and gallery owner Adam Lindemann–buyer of Andy Warhol’s former Montauk estate, Eothen, which was listed for $85 million. The contemporary art world high-roller recently listed his nearby property at 406 Old Montauk Highway for $29.5 million. The home was built in 2004; After he acquired it, Lindemann–who is married to gallerist Amalia Dayan, granddaughter of the late Israeli politician Moshe Dayan–hired British architect David Adjaye to take on a complete redesign. The 5,000- square-foot, six-bedroom home is now a unique residence in the far-east end of Long Island affectionately referred to as “the end of the world,” though the former fishing enclave has in recent years become a more-chill-than-the-Hamptons hip celebrity party spot.
Check it out

October 28, 2015

Blockbuster Greenwich Lane Closes Its First Sales, Each Eight Figures

The first of five of the city's priciest developments has finally started to cash in, with two eight-figure sales recorded at Greenwich Village's rising mega-development, The Greenwich Lane. As 6qft reported in April, the ginormous, block-eating condo complex located at 145 West 11th Street is anticipated to make between $1.4 to $1.7 billion dollars at sell out. The first two sales, which appeared in public filings released yesterday, are a five-bedroom 4,537-square-foot unit (#8) which closed at $19.53 million, and similarly another 4,529-square-foot five-bedroom (#4) that closed at $16.32 million.
more on the significance of the two sales here

October 26, 2015

Check Out the Views From 1,438 Feet in the Air at 111 West 57th Street

Last week, 6sqft brought you an up close and personal look at 111 West 57th Street's exterior facade mock-up, and now Property Markets Group (PMG), who is co-developing the super-tower with JDS Development Group, posted a nifty interactive panorama of the building's out-of-this-world views. Rising from the heart of Billionaires' Row (New York's very own Mount Olympus and preferred residence of our anonymous overlords), the building is 80 stories and 1,438 feet high and is nearly perfectly on axis to Central Park–an egotistical perk that Extell's Central Park Tower and Macklowe/CIM Group's 432 Park aren't granted despite having higher apartments.
This way for the views

October 26, 2015

‘Do the White Thing’: Jimmy Kimmel’s Latest Sketch Mocks Brooklyn Gentrification

25 years after the original “Do the Right Thing” was released, Jimmy Kimmel has made his own hilarious and painfully accurate sequel, “Do the WHITE Thing.” [DNA Info] The sign that marked Andy Warhol‘s former home at 1342 Lexington Avenue has been removed by its current owners. [NYDN] The iconic NYC diner will likely go extinct as […]

Real Estate Trends

October 21, 2015

A Behind the Scenes Look at How SHoP’s Stunning Facade at 111 West 57th Street Will Come to Life

Last month, JDS Development wowed us with an image showing a visual curtain wall mockup of their super-tower underway at 111 West 57th Street. Now the Michael Stern-led development team in partnership with Property Markets Group has released a new video and a handful of images to keep our mouths watering for what is poised to become New York's most daring skyscraper in generations. Designed by the local talents at ShoP Architects, the tower has already nervously impressed us with its extraordinary height of 1,438 feet and its jaw-dropping slenderness (a ratio of 1:24). Now that its engineers, the WSP Group, and the Times have thoroughly convinced us that the building will not fall over, we can focus our attention on the tower's elegantly detailed facade, composed of a feathery mix of terra-cotta, bronze, and glass. A recent video posted by JDS provides us with more glimpses of the cladding, a time-lapse video of how the facade will transform throughout the day, as well as some behind-the-scenes insight of the extraordinary undertaking involved to sheath this future landmark.
Watch the video and get more details

You Can Buy the Last Two Burial Plots in Manhattan for $350,000 Each

Photo via gsz via photopin cc

October 21, 2015

You Can Buy the Last Two Burial Plots in Manhattan for $350,000 Each

Does this time of year get you thinking about where you'd like to spend the afterlife? Would a swanky Manhattan address be to your liking? If so, you'd better act fast. There are only two burial plots left on the island and they're currently on the market for $350,000 each. Daily Intelligencer reports that the New York Marble Cemetery (not to be confused with the New York City Marble Cemetery–more on that here) in the East Village has two available family vaults that can hold about a dozen descendants ("each generation gains some space as the previous ones turn to dust"). The Trinity Cemetery & Mausoleum on West 153rd Street has a few inground burial plots vacant, but they're reserved for "VIPs;" those at the Marble Cemetery are the only ones being freely sold.
More on what could be your forever home

Uncategorized

October 21, 2015

Tribeca ‘Suburban’ Mansion With Pool and Three-Car Garage Chops Price to $44.5M

When you think about a home with a pool, a full-house backup generator and a three-car garage, downtown Manhattan probably isn't the first location you think of–but this off-the-hook urban mansion at 2 North Moore Street in the heart of Tribeca could rival many a compound in the Hamptons. The turnkey billionaire’s bunker was built in 2008 and purchased in 2010 by financier Mark Zittman for $24 million, who hit recycle and put it back on the market unchanged in 2014 for $48M; after having no luck finding a buyer, the price was reduced to $46 million, 50-foot skylit lap pool pool, three-car garage and all. Now, with a $1.5M reduction, the search continues. The fact that you could fit an entire hotel inside this 11,200 square-foot dusky-hued modern masterpiece (whose facade actually does resemble a chic downtown boutique hotel a bit) will surely appeal to someone, though there’s definitely a limited market for eight-figure suburb-in-the-city dwellings, so it may take a while.
More inside this way

Distinctive Homes

October 21, 2015

SHoP Architects’ Vishaan Chakrabarti Starting Own Firm Dedicated to Advancement of Cities

Less than a month ago, 6sqft noticed that prominent architect Vishaan Chakrabarti, a principal at starchitecture firm SHoP, had sold his Flatiron loft for $5 million. We speculated as to why he was selling the massive pad, and though we're still not sure, we do know he won't be departing NYC any time soon. A press release put out today announces that Chakrabarti is leaving SHoP (he's already been removed from the website's staff page) to start his own firm, called the Partnership for Architecture and Urbanism (PAU), which will focus on the advancement of cities. According to the statement, the new NY-based firm will work "to advance groundbreaking architecture and urbanism projects to build the physical, economic, social and cultural networks of cities with an emphasis on beauty, function and user experience."
More on the new firm

Architecture And Design

October 19, 2015

Subway Inn Site May Get a 1,000+ Foot Supertall Tower

It was almost two years ago that rumors starting circulating that beloved dive bar the Subway Inn would be forced out of its 77-year home in the wake of being purchased by the World Wide Group as one of six parcels on 60th Street between Third and Lexington Avenues. The bar did close in August 2014, but relocated to a new space around the corner on Second Avenue. This past summer, Cushman & Wakefield worked with World Wide to market/sell the assemblage, using renderings of a glassy supertall tower and talk of nearby Billionaires Row to sweeten the deal. Now, the Commerical Observer reports that Chinese developer Kuafu Properties bought the 19,685-square-foot plot for $300 million, getting one step closer to bringing the 1,000+ foot-tall condo to reality.
More details and renderings ahead

October 16, 2015

Rather Modest UES Townhouse Has Five Floors, Seven Fireplaces, Two Kitchens, Mail Center and Elevator

We've pretty much seen it all when it comes to no-holds-barred luxury in an Upper East Side townhouse, and this five-story, 7,000 square-foot specimen at 17 East 83rd Street is by no means the most opulent. But when the listing starts with "elevator townhouse," you know you're probably not in for a lot of skimping. And when you learn there's a "separate service entrance/mudroom with paw washer," and a "mail center," well, Billionaire's Row is looking a just a bit like Dogpatch... The current owners of this Manhattan mansion—an investor and an interior designer—purchased it for $2.9 million in 1998, which, sure, was 20 years ago, but if they get anywhere close to their ask of $24.5 million, it's still quite a payday. A tidy sum, it's true, must have been spent on renovations in this townhouse-that-treats-you-like-a five-star-hotel–though now that we think of it, where's the pool?
Take the tour (good thing there's an elevator)

Distinctive Homes

October 14, 2015

Art Titan Larry Gagosian Sells His Upper East Side Carriage House for $18M

Art mogul Larry Gagosian has just closed a deal on the sale of his Lenox Hill mansion at 147 East 69th Street, according to property records just released. Gagosian sold the sprawling home to fellow art buff Sasha Bauer, chairman of the SculptureCenter in Long Island City, for an impressive $18 million. Gagosian purchased the property back in 1988, transforming the former carriage house (of a late 19th century millionaire, nonetheless) into a single family residence called "House for a Bachelor." The renovation, which was completed by architect Francois de Menil, made way for Gagosian's multi-million dollar collection of artworks that included pieces by Andy Warhol, Roy Lichtenstein and Picasso. The redesign of the property even won a 2000 AIA New York Design Award for interior architecture.
See inside the stunning home here

October 14, 2015

Robert A.M. Stern’s 520 Park Avenue Finally Reaches Street Level, $130M Penthouse on Its Way

Two years since its groundbreaking, Zeckendorf Development's tower o' opulence at 520 Park Avenue has finally emerged from its cavernous trench. Set for completion in 2018, the Billionaires' Row building will climb 54 floors and 780 feet into the Manhattan skyline, becoming the tallest and likely the most prestigious building on the Upper East Side. Envisioned by William Lie and Arthur Zeckendorf, 520 Park Avenue inherits the classically-inspired taste of the real estate dynasty's prior projects. In the '80s, their father William Zeckendorf Jr. erected some of the city's largest post-modern apartment complexes such as Worldwide Plaza, Zeckendorf Towers, and the Park Belvedere. Here, the developers commissioned the esteemed architect/historian and dean of the Yale School of Architecture Robert A.M. Stern as the designer and SLCE as the architects of record. This team also collaborated together on 18 Gramercy Park South and 15 Central Park West, which shattered apartment records when it opened in 2008. Intent on replicating its west side counterpart's success, the Zeckendorfs again gathered the now-not-so-secret ingredients: a powerful address, palatial apartments, and most importantly, the coveted Central Park view, all of which will culminate in a jaw-dropping $130 million penthouse.
More on the project's status

October 13, 2015

252 East 57th Street Tops Off Construction Ten Years After Innovative Public-Private Partnership

Soaring more than 700 feet into the Midtown East skyline, World Wide Group and Rose Associate's 252 East 57th Street has officially topped out. Yes, it's hard being a stand-out skyscraper in Manhattan these days; some 30 years ago, the tower would have been the highest apartment tower in the city, just besting Trump Tower and Olympic Tower on Fifth Avenue. Today, the 57-story building is the shortest and eastern-most of six super-towers underway along the southern periphery of Central Park that have been raising average building heights and asking prices to new levels.
More details ahead

October 9, 2015

This $4.7M Historic Park Slope Brownstone by MESH Architectures Has the Heart of a Loft

When the owners of this North Slope townhouse at 144 Lincoln Place purchased it in 2005 for $2.1 million, they'd had their hearts set on a loft; after choosing a Victorian brownstone instead, they worked with MESH architectures to create their dream space without having to give up their dreams. The result? The architects explain how the home is "consistent with contemporary family life but does not erase the original structures. Instead a layered, more complex spatial composition balances gravity with lightness, old with new, raw with finished." Now on the market for $4.7 million, this 3,300-square-foot classic-on-the-outside 1882 townhouse consists of a spacious and creatively designed owners’ triplex over an adorable garden-floor apartment (in a high-rent neighborhood). The landscaped back garden paradise alone is a show-stopper. The interior of the house was thoroughly reimagined, and the resulting “vertical loft” is a unique home that’s a fit for both daily life and the pages of a design book.
Check out this history-meets-industry dream house

Distinctive Homes

Rendering of 45 Park Place via Williams New York (L); Aerial view of 45 Park Place in the downtown skyline via CityRealty

September 28, 2015

New Details and Final Rendering for 45 Park Place, Condo Tower at ‘Ground Zero Mosque’ Site

In July, 6sqft revealed that 12,000-square-foot lot at 45 Park Place in Tribeca (the former site of the controversial Ground Zero Mosque that was shelved four years ago by developer Sharif El-Gamal) was cleared to make way for a huge new condo. The lot is owned by El-Gamal’s SoHo Properties, who, just today, unveiled the final design for the slender, SOMA Architects-designed tower, along with new details, including its 665-foot height and sky-high pricing. As Bloomberg reports, the 70-story glass tower "will include at least 15 full-floor units of 3,200 to 3,700 square feet, and average prices higher than $3,000 a square foot... Prices at that level would be at least 13 percent more than the second-quarter average for new-development listings in the borough."
More details ahead

September 24, 2015

Why Chinatown Hasn’t Changed; NYC’s Priciest Homes Up for Sale

A look at why the real estate and retail landscape of Chinatown hasn’t changed, even as its bordering neighbors have. [NY Mag] The 25 most expensive homes on the market. [Curbed] Music exec Clive Davis nabs a $2M apartment at the Ritz. [NYP] The MTA will run extra trains into the Manhattan for Pope’s visit. […]

Real Estate Trends

September 14, 2015

Russian Castle on Long Island With 35 Bathrooms Asks a Whopping $100M

Imagine stepping into an overly opulent palace in St. Petersburg where you find an indoor lazy river, myriad fountains, a two-story built-in dollhouse, a private shooting range, 13 bedrooms and 35 bathrooms. You'd probably guess you had stumbled upon the estate of a former czar. But then imagine you weren't actually in Russia, but on Long Island, New York, and the property's owner had no royal lineage, but rather made his fortune in the NYC real estate market. This is the Estate at Kings Point, an over-the-top estate designed to resemble the Peterhof Grand Palace in St. Petersburg, built in 1928 by the late Soviet Union billionaire Tamir Sapir as a display of his wealth (and possibly his ego). An unknown buyer (shielded by an LLC) bought the palace from Sapir in 2013 for $15.85 million, and they're now looking to make an unfathomable profit, re-listing the home for $100 million, according to the Wall Street Journal.
Check out the unbelievable estate

New Renderings of Vinoly’s 125 Greenwich Street, Downtown’s Future Tallest Residential Skyscraper

Rendering by ArX Solutions

September 11, 2015

New Renderings of Vinoly’s 125 Greenwich Street, Downtown’s Future Tallest Residential Skyscraper

On the 14th anniversary of the day that caused the city to question our skyward building ambitions, we give you a new look at lower Manhattan's future tallest apartment tower, 125 Greenwich Street. Not only has the city regained its confidence in building high again, but it has now been feverishly erecting 1,000-plus-foot supertall towers at a faster rate than nearly any other global metropolis. This particular residential spire will soar 77 stories and roughly 1,100 feet high, some 200 feet taller than downtown's next tallest ground-up residential buildings, 30 Park Place (937 feet) and New York by Gehry (870 feet).
Find out more here

September 9, 2015

Find Out When Your Nabe Will Be Sprayed for West Nile; How Important Are Big Name Brokers to Their Firms?

Activists are taking a stand against billionaire Barry Diller’s plan to build a floating park. [NY Post] How much do big firms rely on their top name brokers for revenue? [TRD] Here’s the city’s schedule of “West Nile Spraying Events.” Find out when your neighborhood is up. [NYC.gov] The artist-owned NY Studio Gallery at 154 Stanton Street in the Lower […]

Uncategorized

September 8, 2015

Hedge Fund Tycoon May Be the Buyer of $200M Penthouse at 220 Central Park South

We first got wind of the potentially record-setting penthouse listing at 220 Central Park South back in March, when it was reported that the unit could sell for between $150 and $175 million. In June, sources said that a Qatari billionaire was looking to combine multiple apartments in the Robert A.M. Stern-designed building to create a $250 million mega-penthouse. Then last month, the Post speculated that another high-profile buyer was Ken Griffin, the billionaire hedge fun tycoon who is currently in the midst of a messy divorce from wife Anne Dias-Griffin (she's asking for $1 million a month in child support). Now the paper reveals that it's Griffin who's looking to snatch up the $200 million+ penthouse in what's being called the "billionaire's bunker."
More details this way

Real Estate Trends

August 31, 2015

Revealed: Floor Plans and Pricing for Jean Nouvel’s MoMA Tower

After progress crept along for nearly ten years, Jean Nouvel's highly anticipated MoMA Tower, officially known as 53W53, is now inching closer to the finish line. A year ago we got a peak at unofficial penthouse floorplans, and the first interior renderings were revealed in February, followed by a pre-sales-launch video of the interiors in May. Now, the Post has uncovered floorplans and pricing for three of the units in the 1,050-foot, 82-story asymmetrical tower. They include a 3,846-square-foot, 55th-floor three-bedroom asking $21.7 million; a smaller 55th-floor three-bedroom for $14.42 million; and a 4,362-square-foot, 72nd-floor three-bedroom duplex going for $39.2 million.
More floorplans and pricing

August 21, 2015

Model Agyness Deyn’s $3.6M Former Williamsburg Loft Has a Tax Bill of Just $24 a Year

A renovated 2,911 square-foot corner loft in Williamsburg's Mill Building at 85 North 3rd Street just hit the market for $3.6 million. The spacious loft condominium with dramatic open spaces and original details is the former home of Brit model Agyness Deyn, who bought the Northside pad for $1.97 million in 2008 and sold it in 2012 for $2.175M. New owners have given it a rustic-luxe update and hope to keep the upward trend going, with a current ask of $3.65 million. An expensive loft in the 'burg wouldn't faze us, (and the building has an impressive menu of amenities–doorman, garage, roof deck–for a loft), but the tax bill was a shocker: Taxes on the pricy pad are a mere–as per the listing–"unheard-of $24 a year," due to a J-51 exemption and tax abatement in effect until 2025.
Find out why the taxes are so low

August 20, 2015

New Board Game Lets You Raze and Rebuild NY; Citywide Ferry Service Plan to Be Presented Tonight

The de Blasio administration is renegotiating the terms of the redevelopment of Willets Point, Queens. [Crain’s] Why some billionaires are bad for growth. [Wonkblog] Billionaire Ken Griffin may be buying a 220 Central Park South pad. [NYP] The mysterious cottage atop an East Village building is now in contract. [Curbed] For a good time with friends and family try […]

Real Estate Trends

August 17, 2015

NeighborhoodX’s 3D Map Reveals the Blocks Where Real Estate Prices Are Soaring