Search Results for: billionaire

More luxury condos may head to Billionaire’s Row as office tenants are vacated across from One57
September 27, 2016

More luxury condos may head to Billionaire’s Row as office tenants are vacated across from One57

By
Recent reports that the luxury housing market is slowing down may soon be dismissing Billionaires' Row, where several sites are in question to add to the strip's uber-high end array of residential offerings. The latest is at 140 West 57th Street, the Feil Organization's office tower right across from One57. The Post tells us that leases are not being renewed for tenants in the 14-story, landmarked building, where the developer "is said to have already drawn up floor plans for apartments."
The full story ahead
Saudi billionaire seals the deal on the city’s highest home for record $88M
September 16, 2016

Saudi billionaire seals the deal on the city’s highest home for record $88M

By
The most expensive apartment closing in New York City this year and one of the priciest sales ever is finally a done deal, reports The Real Deal. The apartment, the top penthouse at Rafael Viñoly-designed billionaire’s bunker 432 Park Avenue, is the priciest unit in the big-ticket building as well as being literally the city’s highest. As 6sqft previously reported, the buyer is Saudi retail magnate Fawaz Al Hokair. The sale price was $87.7 million—a skyscraping $10,623 per square foot.
More jumbo numbers, this way
Live in a Charming Midtown Co-op Just Off Billionaires’ Row For $449K
July 21, 2016

Live in a Charming Midtown Co-op Just Off Billionaires’ Row For $449K

By
For a rare low-six-figure price, this one-bedroom co-op shares a neighborhood with the big-ticket buyers at One57 and 15 Central Park West, as well as easy access to the same great perks, like Lincoln Center, Central Park, the Time Warner Center and lots of theater options. While it might have a lot less interior space, the fourth-floor walk up at 431 West 54th Street looks bright, quiet and comfortable, and might just cost less per month than most rentals in the area. Just north of vibrant Hell's Kitchen, the neighborhood is a growing residential favorite on its own with buyers and renters who love Manhattan living.
Get a look at this find
Why Are the Supertall Gurus at Extell Planning a Stubby 18-Story Condo on Billionaires’ Row?
July 12, 2016

Why Are the Supertall Gurus at Extell Planning a Stubby 18-Story Condo on Billionaires’ Row?

By
Gary Barnett's Extell Development has become synonymous with sky-high towers, especially those along Billionaires' Row -- the 1,005-foot-tall One57 and the 1,550-foot-tall Central Park Tower -- where it appeared that they were readying to construct a third behemoth that would rise more than 700 feet. However, Crain's reports that Extell has filed plans for the site at 134 West 58th Street (the same block as One57), and they call for a stubby, 18-story, 41-unit condo building that's less than 200 feet tall.
What's the deal?
World Trade Center Performing Arts Complex Gets $75M Gift From Billionaire Ronald Perelman

Image pointing to the site of the Performing Arts Center at the World Trade Center. Rendering by DBOX

June 30, 2016

World Trade Center Performing Arts Complex Gets $75M Gift From Billionaire Ronald Perelman

By
Billionaire businessman and philanthropist Ronald O. Perelman has made a $75 million gift towards the Performing Arts Center at the World Trade Center (PACWTC) reports the New York Times. The donation will finally make one of the last unfinished projects at the site a reality, and the Center will therefore be named for Perelman. "I think that this is a project that must happen. It is more than just a pure artistic center to serve a community. It is that, but at the same time it’s much more than that," he said. This is not Perelman's first time donating to the World Trade Center site. Under the Bloomberg administration he gave $5 million for the National September 11 Memorial and Museum and said then that he was interested in making the lead gift for a performing arts center at the site.
Find out more this way
Another Luxury Development May Rise on Billionaires’ Row
June 7, 2016

Another Luxury Development May Rise on Billionaires’ Row

By
Crain's reports that another prime piece of property will soon be changing hands, putting 126,000 square feet of development rights in play. The Steinberg family last month made an agreement with commercial developers Thor Equities and General Growth Properties to sell neighborhood fixture Lee's Art Shop's four-story structure at 220 West 57th Street for $85 million, a deal that is expected to close this month. It is not yet clear what the developers plan to do with the landmarked building, but what is known is that the property comes with the right to build atop the historic structure—itself boasting 21,837 square feet on a sizable 8,400-square-foot lot.
find out more here
NYC Is Home to 79 Billionaires, More Than Any City in the World
March 3, 2016

NYC Is Home to 79 Billionaires, More Than Any City in the World

By
All of the major news outlets were reporting last week that Beijing had overtaken New York City as the billionaire capital of the world, not at all hard to believe considering that in 2016, 70 new members to the World’s Billionaires List were Chinese, more than double the number of newly-added Americans. However, the original report from Chinese research firm Hurun has been disproven by research from Forbes. The new data shows that NYC is home to 79 billionaires, more than any other city in the world. This includes David Koch and Michael Bloomberg, two of the ten richest people in the world. The city's billionaires' total wealth amounts to a whopping $364.6 billion.
Get the full list ahead
My 1,640sqft: Inside Chef Devin Gaffney’s Rent-Stabilized Classic Six on Billionaires’ Row
February 16, 2016

My 1,640sqft: Inside Chef Devin Gaffney’s Rent-Stabilized Classic Six on Billionaires’ Row

By
Our ongoing series “My sqft” checks out the homes of 6sqft’s friends, family and fellow New Yorkers across all the boroughs. Our latest interior adventure brings us to chef Devin Gaffney's Central Park South home. Want to see your home featured here? Get in touch! Whenever 57th Street and the few blocks that cluster Central Park South make the news, headlines usually swirl around how there's a brand new multi-billion dollar tower on the rise or how a condo in One57 just broke some city record. But lest we forget, many mere mortals like ourselves still fill out the more elfin edifices surrounding these supertalls. One such resident is Devin Gaffney, a chef (he's whipped up dishes at Brooklyn's beloved Speedy Romeo and No. 7) who not only grew up in the area, but moved away, spent 10 years in Brooklyn, and then moved back to the island into the same apartment he called home during his formative years. Ahead, Devin takes us through his eclectic, art-filled (many works centuries-old) classic six in a 1913 construction built for musicians just a block from Carnegie Hall, a block from Central Park, and right smack in the middle of one of New York City's most coveted and most expensive areas.
Go inside Devin's home here
Savanna Fund Files Permits to Demolish Billionaires’ Row Building

500-foot tall massing model depicted at the site. Image courtesy of CityRealty

January 29, 2016

Savanna Fund Files Permits to Demolish Billionaires’ Row Building

By
New York City-based real estate private equity firm Savanna Fund has filed permits with the Department of Buildings to demolish a 12-story, 36,000-square-foot office building at 106 West 56th Street. No plans for the 5,000-square-foot lot have been announced, but its location along Billionaires' Row and three blocks south of Central Park makes it well suited for another slender residential or hotel tower. The 50-foot by 100-foot lot is zoned at one of the city's highest as-of-right densities and could therefore yield a building of roughly 80,000 square feet of zoning area without any development rights transfers. Above 350 feet in height, north facing spaces would have partial views of Central Park.
More details ahead
Should the City Impose a ‘Window Tax’ for Billionaires’ Row Central Park Views?

Google Earth rendering from CityRealty showing some of the supertalls around the south end of Central Park

December 31, 2015

Should the City Impose a ‘Window Tax’ for Billionaires’ Row Central Park Views?

By
"The builders are charging up to $100 million for apartments that offer helicopter views of lush foliage, jagged skylines, soothing rivers and angelic clouds. They lure the superrich, many with suspect foreign assets, to sky-high mansions. They enrich themselves by exploiting weak zoning rules to pour hideous implants into Manhattan cavities." All of this, says Max Frankel, who was the executive editor of The Times from 1986 to 1994 and lives half a block from Central Park, may need some consequences. And he wonders if this should come in the form of a "user fee," where residents of these Billionaires' Row towers would have to pay a monthly "window tax" based on how high in a given tower their unit is located. And according to his "back-of-the-envelope calculations," this could bring in roughly $1 million a year per building for the city to use on public projects like street work, parks, education, and affordable housing.
More details ahead
The Most Important Towers Shaping Central Park’s South Corridor, AKA Billionaires’ Row

Carter Uncut brings New York City’s development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter kicks off a nine-part series, “Skyline Wars,” which will examine the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. To start, Carter zooms in on the biggest developments shaping the southern corridor of Central Park.

November 25, 2015

The Most Important Towers Shaping Central Park’s South Corridor, AKA Billionaires’ Row

By
They did not come from outer space when they landed on our front yard while the NIMBY folk and the city’s planners and preservationists weren’t looking. Some are scrawny. Some are dressed like respectable oldsters. They’re the supertalls and they’re coming to a site near you.
read more here
Billionaire Art Collector in Contract to Buy Andy Warhol’s $85M Former Montauk Compound
October 16, 2015

Billionaire Art Collector in Contract to Buy Andy Warhol’s $85M Former Montauk Compound

By
"I knew Andy in the early 1980s as a very young man, and I’m a collector of his work . . . I’m very lucky to have this opportunity to live out this dream. It’s a work of art." This is what billionaire art collector and Upper East Side gallery owner Adam Lindemann told the Post regarding going into contract on Andy Warhol's $85 million former Montauk estate and equestrian farm. Warhol bought the 30-acre compound, known as "Eothen," in 1972 along with filmmaker friend Paul Morrissey for a mere $225,000, putting Montauk on the map as an A-list retreat on par with the East End. As 6sqft reported when the listing hit the market in June, "For years, the artist used the compound as a city retreat, entertaining friends and luminaries that included Jackie Onassis, Mick Jagger, Elizabeth Taylor and John Lennon. Back then, guests of Warhol enjoyed 600 feet of private oceanfront and 24 acres on the bluffs overlooking the ocean." And now Lindemann, whose fortune comes from his father George Lindemann's success in pharmaceuticals and pipeline companies, can try to relive these glory days.
READ MORE
Construction and Sales Begin on SCDA’s Billionaires’ Row Tower, 118 East 59th Street
October 9, 2015

Construction and Sales Begin on SCDA’s Billionaires’ Row Tower, 118 East 59th Street

By
Construction and sales have commenced on a glass-encased, 500-foot-tall condominium tower at 118 East 59th Street developed by Euro Properties and designed by Soo K. Chan of SCDA Architects. Situated mid block between Park and Lexington Avenues, the tower is surrounded by the crème de la crème of New York real estate, positioned within the nexus of several high-value locales: The Plaza District, home to the GM Building, commands the city's top office rents; nearby shopping stretches of Fifth and Madison Avenues hold the world's most coveted retail corners; and a one-mile long, super-luxury residential corridor, nicknamed Billionaires' Row, straddles the southern bounds of Central Park and is set to reshape the city skyline into a trophy shelf of wealth.
More details ahead
New Photos Inside Billionaire Carlos Slim’s UES Mansion Asking a Record $80 Million
October 1, 2015

New Photos Inside Billionaire Carlos Slim’s UES Mansion Asking a Record $80 Million

By
Back in May, 6sqft learned that Mexican business magnate Carlos Slim had put his Upper East Side mansion at 1009 Fifth Avenue on the market for a record $80 million. While coverage at the time was mainly focused on the insane asking price and the location, at the end of the day, what we all really wanted to know was what exactly was inside this 20,000-square-foot behemoth that warranted a high eight-figure price tag. Now, lo and behold, Curbed has just spotted the updated listing for the limestone and red-brick stunner, and as one would anticipate, it boasts all the ornate details and grandiose spaces you'd expect from such a historic home—although far less flash that what you'd dream up for one of the world's richest men.
Get a closer look inside here
The Most Expensive Home in Every State; Billionaire Peter Morton Nabs Two Village Condos for $25.5M
September 28, 2015

The Most Expensive Home in Every State; Billionaire Peter Morton Nabs Two Village Condos for $25.5M

By

Whole Foods is cutting 1,500 jobs, reportedly as a way to reduce prices for its customers. [Gothamist] From North Dakota to New York, here are the most expensive homes in each state. [BI] The Brooklyn Bar Barge is finally open. [B+B] Three historic Manhattan churches were denied landmark status. [Crain’s] Billionaire Peter Morton, the co-founder of the […]

SHoP’s Billionaires’ Row Supertall Gets a Spectacular Real-Life Mockup
September 22, 2015

SHoP’s Billionaires’ Row Supertall Gets a Spectacular Real-Life Mockup

By
Rendering versus reality? SHoP can certainly boast that the real thing will look as good, if not better, than the drawings they've put out. Yesterday afternoon, JDS Development Instagrammed (h/t Curbed) an amazing shot of a scale model facade of their ultra-skinny tower going up at 111 West 57th Street. The mockup features the same materials and finishes that will be applied to the actual construction, and by any stretch of the imagination, if you multiply this beauty's terracotta, glass, and bronze filigree to its 1,428-foot potential, it will certainly be one of the city's most striking buildings. Who says architects don't care about detail anymore?
More this way
How You Can Live in a Billionaire’s Row Condo for Free AND Make Six Figures
July 22, 2015

How You Can Live in a Billionaire’s Row Condo for Free AND Make Six Figures

By
Get a job as one of their building managers. As DNA Info reports, if you're just a regular Joe or Jane looking to take up residence in one of the city's priciest towers, you don't need to be a billionaire—or even a millionaire for that matter. The resident managers at four headline-stealing, ultra-luxury towers will live rent-free, in very large apartments, while also earning respectable six-figure salaries for their services.
Find out more here
Sources Say Saudi Billionaire Is Buyer of $95M Penthouse at 432 Park
May 29, 2015

Sources Say Saudi Billionaire Is Buyer of $95M Penthouse at 432 Park

By
The Real Deal reports that Saudi billionaire and retail magnate Fawaz Al Hokair is the buyer of the $95 million penthouse at 432 Park, the city's current tallest residential building. The unit went into contract in 2013 for roughly $11,500 per square foot, but sources are just now coming out with his identity. Al Hokair is the founder and chairman of Fawaz Alhokair Group, the most valuable retail and real estate company in Saudi Arabia. Forbes estimates the company is worth $22 billion, and that Al Hokair's net worth is $1.37 billion. When the deal closes it will be the second most expensive condo sale ever in the city, stealing the title from Bill Ackman's $91.5 million buy at One57 and following only behind the $100 million penthouse sale, also at One57.
More details, interior renderings, and a floorplan ahead
Billionaire Carlos Slim Looks to Break Record for Priciest Townhouse Ever Sold with $80M Ask
May 6, 2015

Billionaire Carlos Slim Looks to Break Record for Priciest Townhouse Ever Sold with $80M Ask

By
Carlos Slim, Mexican business magnate and former world's richest person, is looking to break the record for most expensive townhouse ever sold in NYC. As the Daily News first reported, he's listed his Upper East Side Beaux Arts mansion at 1009 Fifth Avenue for $80 million, after buying it for only $44 million five years ago from Russian oil mogul Tamir Sapir. Built in 1901, the limestone-and-red-brick home is known as the Duke-Semans Mansion and is one of the last remaining private homes on Fifth Avenue. It's located directly across from the Met, rises eight stories, and encompasses a whopping 20,000 square feet. According to the listing, the French Renaissance interiors "feature soaring ceilings, hand-carved wood paneling, lovely trompe l'oeil accents, gold-leaf trimmed fixtures and intricate plaster friezes."
READ MORE
Billionaire Wins Deposit Back After Ditched Penthouse Purchase; LGA’s $4B Revamp Could Be Delayed Again
April 23, 2015

Billionaire Wins Deposit Back After Ditched Penthouse Purchase; LGA’s $4B Revamp Could Be Delayed Again

By

A billionaire who canceled his purchase of a $27.5M penthouse at 1107 Fifth Avenue—which also happens to be NYC’s first-ever penthouse—will get his $2.75M deposit refunded to him. Carlos Rodriguez Pastor didn’t want to share his terrace with neighbors in the building. [NYDN] If the Port Authority of New York and New Jersey doesn’t pick a winning […]

REVEALED: Asking Prices, Floorplans for 520 Park Avenue, the Next Billionaire’s Row Blockbuster
March 5, 2015

REVEALED: Asking Prices, Floorplans for 520 Park Avenue, the Next Billionaire’s Row Blockbuster

By
Developers of 520 Park Avenue have revealed apartment prices for all units in the building, which is poised to become one of the city’s most expensive condominium towers and include a $130 million penthouse. The building, which will rise in the high-priced corridor flanking Central Park that has been dubbed “Billionaire’s Row,” is expected to gross $1.2 billion in apartment sales, according to initial offering prices detailed in documents filed with the Attorney General’s office. The $1.2 billion in total sales—which will make the building one of the most expensive in Manhattan history—is all the more impressive considering that current plans call for only 31 units, most of which will be full-floor residences.
Click here for full pricing information and floor plans
Billionaire’s DIY Mansion Likely to Hit a Roadblock with the LPC; Summing Up the ‘Save the View’ Debate
January 26, 2015

Billionaire’s DIY Mansion Likely to Hit a Roadblock with the LPC; Summing Up the ‘Save the View’ Debate

By

Billionaire Roman Abramovich will likely butt heads with the Landmarks Preservation Commission over the creation of his makeshift mansion. [Observer] All the layers of the ‘Save the View’ controversy happening by the Brooklyn Bridge in Brooklyn Heights. [Curbed] More than 32 contracts for homes priced at $4 million or more were signed last week. [TRD] City Tower, […]

Pitch a story icon

Pitch a Story

We love to hear from you!

"*" indicates required fields

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

"*" indicates required fields

or Call (212) 755-5544

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

Distinctive Post Form

"*" indicates required fields

or Call (212) 755-5544
Contact us image

Get in Touch

We love to hear from you!

"*" indicates required fields

Send us a tip image
Delivering New York stories focused on design, lifestyle & real estate.

Send us a Tip

We love to hear from you!

"*" indicates required fields

Interesting in learning more about purchasing a new home?

Let us know what you are looking for and we’ll help you find the home of your dreams. It’s free, with no obligation.

CityRealty Logo
or Call (212) 755-5544

Thinking about selling your home?

We’ll provide current market comps and connect you with a trusted expert.

CityRealty Logo

Sell a Home (Footer)

"*" indicates required fields

or Call (212) 755-5544

Before You Move On
from this Page.

Subscribe for NYC's Lastest Design, Lifestyle,
and Real Estate Trends!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.

Your Daily Dose
of NYC Life!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.