Search Results for: billionaire

See inside Central Park Tower’s newly-unveiled 100th floor amenities club

Photo credit: Evan Joseph

June 21, 2022

See inside Central Park Tower’s newly-unveiled 100th floor amenities club

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Central Park Tower, the world's tallest residential building, has officially unveiled New York City's most elevated (literally) private club on the condominium tower's 100th floor. Perched more than 1,000 feet above Billionaires’ Row, the high-flying portion of the building's Central Park Club offers residents of the building's 179 condominiums a suite of private dining and entertaining spaces with incomparable views. Extell Development Company's 1,500-plus-foot-tall tower is also home to the Nordstrom flagship retail store located at its base.
Gaze at the city from the 100th floor
Museum of Natural History’s new Studio Gang-designed science center to open next winter

Entrance, © Neoscape, Inc.

March 29, 2022

Museum of Natural History’s new Studio Gang-designed science center to open next winter

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After years of delays due to legal action, the American Museum of Natural History's Richard Gilder Center for Science, Education, and Innovation has an official opening date. The museum on Monday announced the Gilder Center, a 230,000 square foot architectural wonder designed by Jeanne Gang's Studio Gang, will open to the public next winter. The new center will improve circulation in the museum and help fulfill a 150-year-old vision of creating a continuous campus across four city blocks. It will also provide space for new galleries, educational programs, an expanded library, and a theater.
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See the new $550M home for the New York Philharmonic, set to open in October

Looking East; Rendering: DBOX

March 9, 2022

See the new $550M home for the New York Philharmonic, set to open in October

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Nearly two decades after the project was first proposed, the New York Philharmonic's new state-of-the-art concert hall will open this October, two years ahead of schedule, officials announced Wednesday. The revamped David Geffen Hall aims to create a more intimate space, "a living room for New York City," as a press release describes, by moving the audience closer to the stage and improving sightlines. Plus, the project fixes the hall's poor acoustics and reduces the total number of seats by about 500. In addition to announcing the $550 million project was finishing on time, officials also released new renderings of the theater and public space.
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Manhattan borough president calls for seizure of Russian oligarchs’ NYC properties

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

February 28, 2022

Manhattan borough president calls for seizure of Russian oligarchs’ NYC properties

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High-profile sales deals with wealthy Russian buyers have made headlines–Dmitry Rybolovlev's $88 million condo buy at 15 Central Park West, for example–and Manhattan's trophy condos have been seen as a safe investment for Russian oligarchs. But since Russia's invasion of Ukraine, there have been calls to seize those properties, The Real Deal reports.
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Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

Via Vornado Realty Trust and Robert A.M. Stern Architects

January 24, 2022

Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

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Earlier this month it was reported billionaire Daniel Och sold his penthouse at 220 Central Park South for $190 million, roughly double what he paid for the home in 2019. While the identity of the buyer was unknown at the time, city records first reported last week by Bloomberg show Blue Pool Capital, the firm that manages some fortunes of Alibaba co-founders Joe Tsai and Jack Ma, paid $188 million for the property.
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Vote for 6sqft’s 2021 Building of the Year!
December 15, 2021

Vote for 6sqft’s 2021 Building of the Year!

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After New York City's construction and real estate industries ground to a halt last year because of the pandemic, 2021 saw a flurry of activity, thanks to the arrival of the coronavirus vaccine and federal funding for states and cities. This year, we saw positive signs that the road to recovery for New York real estate has started. More apartments sold in Manhattan in the third quarter of 2021 than at any point during the last 30 years. Brooklyn gained its first supertall. The priciest private development ever built in the Bronx opened. Records were broken, set, and broken again. As the city adapts to a new normal, so do residential projects. Amenities now focus on health and wellness, like stunning sky-high pools, curated fitness centers, and landscaped outdoor space. With work-from-home culture likely not going anywhere, developers offer designer-crafted co-working spaces, libraries, and lounges. Our picks are down to 16 of the most notable residential projects this year. Which do you think deserves 6sqft’s title of 2021 Building of the Year? Polls for our seventh annual competition will remain open through midnight on Sunday, December 26. A winner will be announced on Monday, December 27. Happy voting!
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$5M penthouse is a Manhattan classic with 360-degree views and wraparound terraces

Photo Credit: Warburg Realty

December 6, 2021

$5M penthouse is a Manhattan classic with 360-degree views and wraparound terraces

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This 5,000-square-foot penthouse at 303 East 57th Street in the Excelsior co-op tower is the sort of apartment you see in your favorite 20th-century New York City films. Asking $4,995,000, the duplex is wrapped by 2,500 square feet of terrace and offers 360-degree views from four exposures including Central Park and the East River.
Take the grand tour
Jeff Bezos buys fifth apartment at Flatiron building for $23M

Rendering of 212 Fifth Avenue by Visualhouse; Photo of Jeff Bezos via Wiki Commons

August 18, 2021

Jeff Bezos buys fifth apartment at Flatiron building for $23M

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Shortly after returning to Earth following a quick journey into space last month, billionaire Jeff Bezos bought another apartment at a Flatiron building for an otherworldly $23 million. As first reported by the New York Post, Bezos has picked up a four-bedroom unit at 212 Fifth Avenue, where he already owns a three-story penthouse and three residences below it. With this latest addition to his real estate portfolio, the Amazon founder now owns $119 million worth of apartments in this condo building.
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1,300-foot-high duplex at Central Park Tower asks $150M

Courtesy of Extell Development

August 17, 2021

1,300-foot-high duplex at Central Park Tower asks $150M

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For $150,000,000, a luxury apartment situated 1,300 feet above ground can be yours. As first reported by Bloomberg, the available duplex is located on the 127th and 128th floors of Central Park Tower, the tallest residential building in the world. According to the listing, the eight-bedroom "trophy home" is the highest duplex in the skyscraper, which stands more than 1,500 feet tall over Central Park. If it fetches the asking price, it would become the third most expensive sale in New York City ever.
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Hudson Yards’ Vessel may close permanently after fourth suicide in two years

Photo © James and Karla Murray for 6sqft

July 30, 2021

Hudson Yards’ Vessel may close permanently after fourth suicide in two years

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The 150-foot climbable sculpture in Hudson Yards may shut down permanently after a teenager jumped to his death from the structure on Thursday. Vessel, an interactive public art piece designed by Thomas Heatherwick that opened in 2019 as the centerpiece of the $25 billion development, temporarily closed in January after three suicides, reopening a few months later with a new "buddy system." The death of a 14-year-old boy on Thursday marks the fourth suicide at Vessel in less than two years.
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On the 66th floor of the world’s tallest residential building, a carefully curated condo for $22M

All photos by Evan Joseph

July 29, 2021

On the 66th floor of the world’s tallest residential building, a carefully curated condo for $22M

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As residents start to move into the world's tallest residential building, we're getting another look at one of the impressive residences there. The three-bedroom, three-bathroom on the 66th floor of the Central Park Tower, the 1,500-foot tall condo tower on Billionaires' Row, has interiors designed by Australian-based Blainey North & Associates and features bold and elegant, but welcoming, elements throughout. The 3,165-square-foot sky-high home with incredible city and Central Park views is asking $21,890,000.
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New minor league baseball team officially headed to Staten Island next year

Richmond County Bank Ballpark, photo by Doug Kerr on Wikimedia

July 26, 2021

New minor league baseball team officially headed to Staten Island next year

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America's pastime will return to Staten Island next year. Mayor Bill de Blasio announced on Friday a plan to reopen the former Staten Island Yankees stadium with a new minor league baseball team. The Richmond County Bank Ballpark did not open in 2020 because of the coronavirus pandemic. This year, the waterfront stadium sat empty after Major League Baseball removed the "Baby Bombers" from its parent team as part of a reorganization of its farm system.
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See inside the $169M penthouse at 432 Park Avenue

Listing photo by Donna Dotan

July 21, 2021

See inside the $169M penthouse at 432 Park Avenue

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The top-floor penthouse at 1,396-foot-tall tower 432 Park Avenue has been publicly listed for the first time ever, asking $169 million. It is the most expensive listing currently in New York City, and if it fetches the asking price, it would become the second-biggest sale in the city's history and set a record with its $20,500 per square foot price tag. As 6sqft reported last month, the 96th-floor unit is currently owned by billionaire Saudi real estate developer Fawaz Alhokair, who bought the apartment for only $88 million in 2016. Listed with Ryan Serhant, founder and CEO of SERHANT., the unit spans 8,225 square feet and has six bedrooms and seven bathrooms, as well as 240 linear feet of glass windows. The home is being sold with all of its art and furniture, which includes pieces from Hermes, Fendi, and Bentley.
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Hell’s Kitchen co-op is a stylish and modern starter pad for $618K

Listing photos by Heidi Solander

July 7, 2021

Hell’s Kitchen co-op is a stylish and modern starter pad for $618K

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For just over $600,000, this Hell's Kitchen co-op is a great place to get started as a homeowner in New York City. It's technically an alcove studio, but the apartment feels spacious and grown-up thanks to preserved historic details, modern additions, and substantial closet space. It's located at 411 West 44th Street, on a tree-lined block just west of 9th Avenue.
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Top-floor penthouse at 432 Park lists for $169M, double the previous sale price

Photo by Sebastiandoe5 via Wikimedia Commons

June 29, 2021

Top-floor penthouse at 432 Park lists for $169M, double the previous sale price

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An $88 million profit? That's what the current owner of the 96th-floor penthouse at supertall tower 432 Park Avenue is hoping to achieve. As the New York Times first reported, billionaire Saudi real estate developer Fawaz Alhokair has listed his apartment at the 1,400-foot-tall condo for $169 million, double what he paid for it in 2016. If it fetches the asking price, it would become the second most expensive home ever sold in New York City and would set a record with its $20,500 per square foot price tag.
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NYC’s newest park Little Island finally opens on the Hudson River

All photos: Michael Grimm Photography

May 20, 2021

NYC’s newest park Little Island finally opens on the Hudson River

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The offshore public park in the Hudson River that almost didn't get built officially opens on Friday. Designed by Heatherwick Studio and MNLA, Little Island at Pier 55 is designed to resemble a leaf floating on water, with an undulating base of tulip-shaped concrete pots ranging in elevation from 15 feet to 62 feet. The two-acre park features a 687-seat amphitheater, a plaza with concessions, a small stage, and incredible views, all surrounded by an abundance of greenery.
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Luxe $4.8M Upper West Side penthouse has three terraces with skyscraper views
April 21, 2021

Luxe $4.8M Upper West Side penthouse has three terraces with skyscraper views

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Large, high-end penthouses aren't uncommon on the Upper West Side, neither are outdoor terraces. But the views afforded from this duplex penthouse are something special. An outdoor space spanning the entire length of the main level overlooks the supertall towers along Billionaires' Row, while other vantages show off all the skyscrapers in the neighborhood. The $4,790,000 home is located at 135 West 70th Street, an Egyptian Revival condo building known as The Pythian, which was designed by famed theater architect Thomas W. Lamb (it's also where Lady Gaga grew up and where her family still lives).
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Phillips auction house readies to open white-cube location at 432 Park
April 5, 2021

Phillips auction house readies to open white-cube location at 432 Park

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British auction house Phillips is getting ready for its June move into the white, glassy cube base of supertall 432 Park Avenue. Designed by studioMDA’s Markus Dochantschi, the 35,000-square-foot concourse space at 56th Street will be the only Manhattan auction room visible from the street, breaking down "the classical typology of the 'auction behind closed doors,'" according to a press release. It will have a grand auction room, exhibition galleries, viewing rooms, and a VIP mezzanine.
More info here
Palatial 57th Street co-op offers old-world sophistication for $3.5M

Listing photos by Heidi Solander for Sotheby’s International Realty

March 18, 2021

Palatial 57th Street co-op offers old-world sophistication for $3.5M

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The Osborne co-op was built on the northwest corner of 57th Street and 7th Avenue in 1885 as one of NYC's first grand apartment buildings. Just four years later, Carnegie Hall would rise across the street, cementing its stature among the city's elite addresses. A two-bedroom apartment in the building has hit the market for $3,500,000, and just by looking at its opulence, one feels transported back to the 19th century. From the imposing coffered ceilings and stately columns to the decadent fabrics and gilded decor, the home offers an old-world sophistication not often found anymore.
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Petition launches against the Met’s plan to sell art amidst $150M deficit

Image by anielbaez0 from Pixabay

February 22, 2021

Petition launches against the Met’s plan to sell art amidst $150M deficit

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In early February, the Metropolitan Museum of Art began talks about selling some of its artworks in the face of a $150 million deficit. As the New York Times explained, the Association of Art Museum Directors created a two-year window during which its members could use the proceeds from sales of works in a collection to pay for its own expenses as opposed to just for future art purchases, as was the rule in the past. But a new Change.org petition is calling for the Met's board members, many of whom are billionaires, to foot the bill instead of selling off its art.
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Tom Brady’s former Flatiron condo is back on the market for $13.7M

Listing photos courtesy of The Corcoran Group

February 9, 2021

Tom Brady’s former Flatiron condo is back on the market for $13.7M

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As much as he racks up Super Bowl appearances, Tom Brady seems to buy and sell real estate. And one of his former NYC homes has just returned to the market, asking $13,700,000. The apartment is located at the glassy One Madison condo, located on the south side of Madison Square Park in Flatiron. The Buccaneers quarterback and his wife, supermodel Gisele Bündchen, bought the 48th-floor unit for $11.7 million in 2014. But after putting it on the market for $17.25 million in 2016, they were forced to drop the price for it to finally sell in 2018 for just about $13.9 million.
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Bike lanes to replace car lanes on the Brooklyn and Queensboro bridges

Photo courtesy of alihasadd25 on Pixabay

January 29, 2021

Bike lanes to replace car lanes on the Brooklyn and Queensboro bridges

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New York City plans to ban cars from part of two major East River bridges and reserve them for cyclists. Mayor Bill de Blasio on Thursday unveiled a proposal to transform the innermost lane of the Brooklyn Bridge into a two-way protected bike lane and convert the north outer roadway of the Queensboro Bridge into a two-way bike-only lane. The "Bridges for the People" plan was announced as part of the mayor's final State of the City address, "A Recovery for All of Us."
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Brooklyn Heights townhouse sells for $25.5M, breaks borough record

Google Street View of the home at 8 Montague Terrace in 2019. Map data © 2021 Google

January 13, 2021

Brooklyn Heights townhouse sells for $25.5M, breaks borough record

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As was first reported by The Real Deal, billionaire Vince Viola has sold his Brooklyn Heights mansion at 8 Montague terrace for a record-setting $25.5 million, according to city property records. The sale beats out the $20.3 million penthouse in Brooklyn Heights’ Quay Tower, which sold virtually back in April. Viola, an Army veteran who founded Virtu Financial and owns the NHL Florida Panthers, bought the home with his wife Teresa in 2007 for $8 million. At the time it was a multi-family dwelling, but they converted it to a single-family home. The new buyer is not identified, and it appears to be an off-market deal.
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220 Central Park South is the best-selling NYC condo by a long shot

220 Central Park South as seen in May. Photo by Jim.henderson (cropped) via Wikimedia Commons

January 7, 2021

220 Central Park South is the best-selling NYC condo by a long shot

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In a year where the number of real estate sales dropped significantly in New York City, it was a few top-tier new developments that kept things afloat. According to the CityRealty 100 report—an index comprised of the top 100 condominium buildings in Manhattan—this includes closings in 15 Hudson Yards, The Park Loggia, and Waterline Square. It also includes 220 Central Park South, which accounted for the top 22 sales during the 12 month period of this report and had a total of $1.52 billion in cumulative sales in 46 units.
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Tom Brady and Gisele Bündchen unload Tribeca condo for $37M

Google Street View of 70 Vestry Street. Map data © 2021 Google.

January 5, 2021

Tom Brady and Gisele Bündchen unload Tribeca condo for $37M

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Tom Brady and Gisele Bündchen have long maintained a home in New York City, but now that the NFL quarterback has taken up with the Tampa Bay Buccaneers, they're consolidating a bit. As the Post first spotted, the couple has sold their Tribeca apartment for $36,800,000 million, according to property records. Brady and supermodel Bündchen bought the five-bedroom, 12th-floor pad in Robert A.M. Stern's 70 Vestry Street in 2018 for $25.5 million pad. Just last month, though, they bought a smaller unit on the same floor for $3.5 million, which will presumably now serve as their NYC pied-à-terre.
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