Search Results for: billionaire

On Monday, the New York Times reported about the listing of an Upper West Side house at 24 West 71st Street – "a historically significant granite-and-iron-spot-brick townhouse with fanciful terra-cotta embellishments and distinctive interior millwork." The stately residence sold for $4.3 million back in 1996, setting a record for the neighborhood. Now, 20 years later, it's back and is looking to reclaim its title of most expensive townhouse sale on the UWS. The home is asking $29 million, more than the current record holder 247 Central Park West, which sold for $25 million earlier this year. The 7,134-square-foot house was built in 1892 by architects Lamb and Rich, and it underwent a $1 million renovation in 1988 that turned it from a ten-unit apartment building back to a single-family mansion, surely helping seal the record-breaking sale in '96 to current owners Arrien and Robin Schiltkamp. According to the just-launched listing, "Immaculately maintained, the six-bedroom, six and a half-bath townhouse has retained the gorgeous original details that infuse every corner, while augmenting them with opulence by Jonathan Rosen Interiors." Some enviable features of the home include six bedrooms; an elevator; a private, south-facing back garden; top-floor terrace; almost all of the original woodwork; stained glass windows; a 400-pound original door; ten gas fireplaces; and a Japanese-inspired spa.
Find out all about the townhouse

August 11, 2015

Be Woody Allen’s Neighbor for $80K a Month in This Historic Upper East Side Townhouse

By Michelle Cohen

Trophy purchase, short-term refuge, or family home? Take your pick. This impressive and unique townhouse at 116 East 70th Street was previously owned by philanthropist George Soros’s ex, Susan Weber Soros, who bought the 5,688-square-foot home in 2012 for $22.5 million and proceeded to see it through a thorough renovation, updating infrastructure and interiors and installing every 21st-century comfort known to stratospherically-priced townhouse-owning man (or woman, as the case was). Post-renovation, the barrel-fronted, copper-clad townhouse changed hands in an off-market deal to an anonymous LLC for $31 million. The house was back on the market again for $33 million last February after only four months. With its price pared down to $28 million, it’s still seeking a buyer, but is now having a go at the rental market, too. The stunning single-family manse–all five floors of it–is being offered for $80,000 a month, which comes with the caché of calling Woody Allen your next-door neighbor.
Tour the house, this way

August 10, 2015

Rupert Murdoch Puts West Village Townhouse Back on the Market After Just Five Months

Back in April, we reported that News Corp. and 21st Century Fox chairman Rupert Murdoch had listed his One Madison penthouse for a whopping $72 million. He had planned to live in the glassy triplex full time, but instead picked up a $25 million West Village townhouse. But now it looks like the billionaire has changed his mind yet again, putting the townhouse at 278 West 11th Street back on the market for $28.9 million, according to the Daily News.
Find out more here

July 30, 2015

NYC Entering Biggest Building Boom in 50 Years; New Rendering of 220 Central Park South

New residential construction permits are at the highest since 1963, likely attributed to the expiration of the 421-a tax break. [WSJ] Two Billionaires’ Row condos, 111 West 57th Street and 1 Park Lane, only subsidized 23 affordable housing units. [DNAinfo] Jeopardy host Alex Trebek bought a $1.92 million fixer-upper Harlem townhouse for his 25-year-old son. [NYP] […]

Real Estate Trends

July 30, 2015

Bidding Wars and Over-Ask Sales on the Rise in Brownstone Brooklyn Neighborhoods

By Michelle Cohen

Homes in brownstone Brooklyn neighborhoods have been selling over the asking price and bidding wars are becoming even more commonplace, according to DNAinfo. In the second quarter of 2015, for example, homes in Prospect Heights and Park Slope were selling for 4 percent over their asking price–the highest percentage seen in Brooklyn or Manhattan.
Find out where to expect bidding wars

Real Estate Trends

July 29, 2015

Rare UES Townhouse Addition Coming to Fifth Avenue’s Museum Mile

New buildings along Fifth Avenue on the Upper East Side are hard to come by, but a rare development prospect may be in the works for a small site on a dormant stretch of the avenue in Carnegie Hill. Building permits filed yesterday detail the construction of a five-story residential addition atop an existing eight-story, 30-foot-wide townhouse at 1143 Fifth Avenue, between 95th and 96th Streets. The brick and limestone building designed by J.E.R. Carpenter, was erected in 1923, and up until recently, housed staffers of the French Embassy. Last June, the 16,000-square-foot, seven-unit property was unloaded by the French government for $36.4 million and picked up by a buyer listed as 1143 5th Ave LLC.
More on the potential development ahead

July 25, 2015

Weekly Highlights: Top Picks from the 6sqft Staff

Here’s How You Can Live in a Billionaire’s Row Condo for Free AND Make Six Figures Julia Roberts Lists Greenwich Village Apartment for $4.5M What Does Your Zip Code Say About You? This Map Tells All The History of Brooklyn Blackout Cake: German Bakeries and WWII Drills BIG Ideas: Bjarke Ingels Talks 2 WTC and […]

Uncategorized

Roman Abramovich; View of the three townhouses — 11, 13, 15 (from L to R)

July 24, 2015

Roman Abramovich Closes on Third UES Townhouse for His $80M Makeshift Mansion

At the beginning of the year, news broke that Russian billionaire Roman Abramovich had secretly bought a townhouse at 11 East 75th Street for $29.7 million, which followed his purchase of a townhouse two doors down for $18.3 million a month earlier. So, of course, we all assumed that he would snatch up the townhouse wedged in between to create his very own makeshift mansion. And now it's official, as the Daily News reports today that Abramovich has closed on the townhouse at 13 East 75th Street for $30 million, bringing his total up to nearly $80 million.
Find out more here

July 24, 2015

$51M Time Warner Center Penthouse Sale Sets a Record for the Building

Maybe it's the location near Lincoln Center and lots of shopping, or maybe it's the unobstructed views of Central Park, or maybe it's the ease of planting tons of one's foreign cash without worry within its walls, whatever the case may be, the ultra-luxe Time Warner Center has just drawn in a record $50.92 million sale. The owner, Russian billionaire Andrey Vavilov, listed the sprawling 14-room penthouse for $75 million early last year, then dropping the price to $68 million in November, finally landing on $51 million with a buyer known only as "Columbus Family LLC," according to city documents filed today. As CityRealty reveals, the transaction is the highest ever recorded at the building; the runner-up, incidentally, the same unit, which traded hands last in 2009 between Vavilov and Austrian investor Gerhard Andlinger for $37.5 million.
Have a closer look inside

Real Estate Trends

July 23, 2015

Construction Begins on John Catsimatidis’ Curvy Rental Tower at 86 Fleet Place in Fort Greene

Construction has begun on the final building of the four-tower development on the western edge of Fort Greene. The 32-story tower at 86 Fleet Place will house 440 rental units and will be the culmination of a 15-year redevelopment of a low-slung, Robert Moses-era retail strip along Myrtle Avenue. The developer of 86 Fleet, and three other sibling buildings to the east, is Red Apple Group's CEO and owner John Catsimatidis, who we might better remember as the billionaire Republican candidate in the last mayoral election and the owner of the oft-maligned Gristedes grocery store chain. According to the Wall Street Journal, Red Apple picked up the 2.5-acre, four-block site for $500,000 from Long Island University in 1982. The site spans 900 feet along the southern frontage of Myrtle Avenue, between Flatbush Avenue Extension and Ashland Place, and shares its blocks with the Toren condominium to the west and the Fred Trump-built University Towers complex to the south.
More details on the development

July 16, 2015

SCDA’s Switchback Skyscraper Launches Teaser Site and Clears Its Midtown East Lot

Last November, 6sqft brought you news that a 29-unit boutique condominium would rise at the edge of Billionaires' Row, in that somewhat ambiguous zone occupied by Bloomingdale's and Bloomberg LLP. Now, the high-end development's teaser site has launched, which showcases a handful of images of the tower's common spaces, and we took a trip to the site to get a first look at the construction progress. Just last month, the two 4- and 6-story office buildings occupying the site at 116-118 East 59th Street were cleared, and recent Department of Buildings filings reveal that the envisioned $330 million tower will stand exactly 500 feet tall, making it spot-on-the-mark of what we (and other bean-counters) officially deem a skyscraper.
More details and renderings ahead

Construction Update: Robert A.M. Stern’s 220 Central Park South Begins Race into the Sky

Image courtesy of Desimone Engineering

July 8, 2015

Construction Update: Robert A.M. Stern’s 220 Central Park South Begins Race into the Sky

Billionaire's Row's race into the sky continues. Two of its biggest projected selling towers are beginning to rise out of their gargantuan foundations and are rushing to claim their piece of coveted Central Park-fronting airspace. Construction of Vornado's 220 Central Park South development has an early lead against Extell Development's significantly larger Central Park Tower (formerly Nordstrom Tower) across West 58th Street. The first level of concrete and re-bar are now poking up above street level and the elevator/stairway cores are now clearly visible to pedestrian passersby.
See new images of the tower here

The High and Low: Architecturally Distinct Modern Townhouse in Brownstone Brooklyn

81 Hanson Place (L); 21 State Street (R)

June 22, 2015

The High and Low: Architecturally Distinct Modern Townhouse in Brownstone Brooklyn

By Michelle Cohen

Townhouses are having a moment. Manhattan’s most lavish single-family homes are top-ticket trophies for the superwealthy. And families who've outgrown their apartments, investors banking on rising rents, and a celebrity or two, are snapping up brownstones on leafy Brooklyn blocks. But a handful of more adventurous buyers -- seeking space and privacy and possessed of some architectural vision -- chose the less-traveled road of creating modern-design homes on the decidedly un-trendy historic blocks of brownstone Brooklyn many decades ago. On the market now is the rare pair below. The first, more of a compound than merely a house, has a creative pedigree and architectural icon status (and a $13 million price tag). This combination of a 1892 school building and the townhouse next door sits among the impressively ornate 19th-century mansions of Fort Greene and boasts an un-missable modern extension and peerless minimalist interior, not to mention sheer size. The second is a more modest home–for a relatively more modest $3.5 million–but is also a unique modern dwelling with a laid-back and livable interior on a coveted tree-lined block of historic Brooklyn Heights.
See more of these unique modern homes this way

New Rendering Reveals What Rafael Viñoly’s 125 Greenwich FiDi Tower Will Look Like

Rendering via NY Yimby via Shvo

June 15, 2015

New Rendering Reveals What Rafael Viñoly’s 125 Greenwich FiDi Tower Will Look Like

It's been a while since we've heard anything on Rafael Viñoly's tower slated to rise in the Financial District, but it looks like the starchitect's next supertall is inching closer to a full reveal. Ground was broken at the building's 125 Greenwich Street site about four months ago, and now this newly uncovered rendering via NY Yimby gives us a much better idea of its height, its look, and how it fits in with the downtown skyline. Previous renderings had shown a stark, tall and slim rectangle—very much a glass version of Viñoly's 432 Park—while this new and sweeping depiction highlights a structure that will taper slightly as it rises, and feature a stacked crown of what appear to be residences and sky-high terraces.
Find out more here

June 12, 2015

Why Brooklyn’s Real Estate Bubble Will Never Pop; The Departure of Streit’s Matzo Factory Begins

“Brooklyn is not going through a boom as much as it’s swinging back to what it always should have been worth.” I.e. expect rents in the borough to remain obscene. [Gothamist] Hedge funder Steven A. Cohen has de-listed his $82M apartment, claiming his brokers failed to do their job. [NYDN] More renderings inside Jean Nouvel’s MoMA […]

Real Estate Trends

June 11, 2015

432 Park Will Offer Office Space; Heidi Klum May Purchase $11M Island

Billionaires living in 432 Park can have their minions work right below them. The supertall condo tower will also offer office space. [Crain’s] Remember this amazing island plus home combo going for $11M? Well, it might have a buyer. Heidi Klum has reportedly checked it out. [NYP] Foster and Partners break ground on their 425 Park Avenue skyscraper project. […]

Real Estate Trends

June 10, 2015

$120M UES Townhouses-to-Mansion Combo Officially Hits the Market

On Monday, news broke that the three Upper East Side townhouses owned by the billionaire Safra family were being quietly marketed as a $120 million combination to be turned into one giant mega-mansion. Today, the listing at 12-16 East 62nd Street has officially hit the market, and there's some pretty impressive floorplans to give prospective buyers an idea of how their palatial home could look. Also up for grabs is the brownstone next door to the trifecta at 18 East 62nd Street. This wouldn't combine as easily as the other three, as their cornices, ceilings, and floors all line up, but it could make a pretty spectacular guest house.
Ogle the floorplans here

Distinctive Homes

Three UES Townhouses List for $120M, Could Be Single-Family Mansion

12-16 East 62nd Street via NYDN

June 8, 2015

Three UES Townhouses List for $120M, Could Be Single-Family Mansion

Most of us can only dream of owning a townhouse on the Upper East Side, so the idea of having three of them seems downright silly. But that's exactly what's for sale on East 62nd Street–three adjacent townhouses that are being sold as a package deal for their potential to be combined into one giant, 30,000-square-foot mansion. The Wall Street Journal first reported on the $120 million listing, and the Daily News revealed that the billionaire Safra family, of Brazilian banking fame, is behind the company listed as the seller. Currently, the three limestone, six-story homes at 12, 14, and 16 East 62nd Street are divided into 13 apartments with one doorman, though they can be delivered vacant. Together they boast 23 fireplaces, 11 terraces, and two roof decks. What makes the trifecta perfect for a combination is the fact that the homes are pretty much identical, with their cornices, ceilings, and floors all lining up.
More details ahead

Distinctive Homes

June 5, 2015

Pier55 Floating Park Gets New Renderings and Updated Design Details

Back in April, the city introduced a plan B for Barry Diller's Pier 55 floating park, but it was far less exciting than the original futuristic design. Thankfully, the latest set of renderings, revealed by Curbed, show that the whimsical nature of the park hasn't gone anywhere. Mathews Nielsen, the landscape architect for the project who is working with designer Thomas Heatherwick, unveiled the latest set of images at a meeting this week. They take into account concerns from the local community board, including its height (the platform will now be 62 feet at its highest point as opposed to 70), circulation (the winding pathways are being designed with congestion in mind), and the issue of people jumping off (the periphery will be lined with shrubbery and a fence).
More details ahead

Architecture And Design

Extell May Build Brooklyn’s Tallest Tower at City Point

Rendering of City Point with a previously envisioned 65-story tower

June 3, 2015

Extell May Build Brooklyn’s Tallest Tower at City Point

Extell, the development company best known for gobbling up billionaires' row sites and building supertall towers like One57, is venturing into Brooklyn, a place they've long avoided. The New York Times reports that Extell has bought the last development site at City Point, a huge, mixed-use complex in Downtown Brooklyn that will include residential and retail space, and, of course, a massive food hall. Extell will pay $120 million for the city-owned property, on which they will likely build a 500-unit rental building. What's more noteworthy than Extell's move into the borough, though, is the fact that the tower could reach 60 stories, according to Extell president Gary Barnett, which would make it the tallest building in Brooklyn.
READ MORE

June 2, 2015

Interior Renderings Revealed for Central Park South’s Brand New 1,210-Foot Supertall

Last week, the first exterior images of Central Park South's new supertall 1 Park Lane surfaced. Now NY YIMBY has obtained additional renderings of the 1,210-foot condo tower being designed by Handel Architects, showing off what the interiors could look like, and, most notably, the kinds of views afforded by the multi-million-dollar perches above.
See more here

REVEALED: Rafael Viñoly’s Slender 52-Story Condo Tower Design for Nomad

Image via New York YIMBY

June 1, 2015

REVEALED: Rafael Viñoly’s Slender 52-Story Condo Tower Design for Nomad

Is there any architect more in demand than Rafael Viñoly these days? NY YIMBY has uncovered the first renderings of the starchitect's latest residential project, a tower slated to pierce the sky from a Nomad site at 281 Fifth Avenue. Though notably smaller than 432 Park Avenue at just 705 feet, the skyscraper does share the 432's stark and very geometrical shape. It will also be one of the tallest in the neighborhood once constructed.
Find out more here

May 31, 2015

A Trashcan Inspired the Design of Rafael Viñoly’s 432 Park Avenue

Most ideas usually end up in the trash but few ideas are inspired by the basket that holds them. A recent discovery by The Real Deal has revealed that the city's residential tower-of the-moment, 432 Park Avenue, was actually inspired by a Josef Hoffmann-designed wastebasket released in 1905. The revelation came via a talk held last December at the Cornell Center for Real Estate and Finance where Harry Macklowe, the co-developer of the supertall, told the crowd that the repository was an "important touchstone" for the 1,396-foot-high design.
More on the muse here

Architecture And Design

REVEALED: 1 Park Lane Will Be the Next Supertall Central Park South Tower

Rendering via Witkoff

May 27, 2015

REVEALED: 1 Park Lane Will Be the Next Supertall Central Park South Tower