Search Results for: fifth avenue financial new york

Everything old is new again: Why NYC buyers are choosing pre-war apartments over new developments

This pre-war co-op at the Oliver Cromwell, designed by Emery Roth, asked just under $6 million this year. Photo courtesy of Brown Harris Stevens.

August 11, 2025

Everything old is new again: Why NYC buyers are choosing pre-war apartments over new developments

By Dana Schulz

Today’s real estate headlines are typically dominated by new renderings of geometric glass towers designed by big-name architects and the latest record-setting penthouse sales. But not all New Yorkers are in search of floor-to-ceiling windows and rooftop pools. Some prefer ceiling medallions, cozy fireplaces, and creaky floorboards. And these nostalgia seekers are a bigger part of the real estate market than you might imagine.
get the scoop

March 18, 2025

350 Park Avenue supertall office tower officially enters public review

By Aaron Ginsburg

A proposed 1,600-foot-tall office tower set to reshape the New York City skyline officially entered public review this week. The Department of City Planning on Monday certified an application for 350 Park Avenue, a proposed 62-story building in Midtown East led by Vornado Realty Trust, Citadel, and Rudin Management, kicking off the seven-month uniform land use review procedure (ULURP). Designed by Foster + Partners, the project—the first new office building presented to the City Planning Commission in five years—calls for 1.8 million square feet of office space and a new public concourse, with Ken Griffin's Citadel and Citadel Securities as anchor tenants.
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September 26, 2024

15 of New York City’s most atmospheric outdoor dining spots

By Michelle Cohen

New York City's outdoor dining scene is once again about to change: Restaurants that did not apply for the city’s new outdoor dining program by the August 3 deadline will need to remove the by-now-familiar "dining sheds" that have occupied city streets and sidewalks since 2020. Largely as a result of recently approved new program guidelines and regulations, only about 15 percent of the 13,000 or so establishments with outdoor dining structures have applied to keep them, as 6sqft previously reported. Though many sidewalk sheds may soon be gone, there will be no shortage of enchanting al fresco dining opportunities. Keep reading for a short list of some of the city's loveliest outdoor dining establishments with no plans to disappear.
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Lunar New Year 2024: How to celebrate the Year of the Dragon in NYC

Photo by Dan Nguyen on Flickr

January 23, 2024

Lunar New Year 2024: How to celebrate the Year of the Dragon in NYC

By Aaron Ginsburg

Lunar New Year, the two-week-long festival that ushers in spring and new beginnings, starts on February 10 and runs until February 24. This year marks the Year of the Dragon, which is the fifth animal in the 12-year cycle of Chinese zodiacs and is said to possess the sharpest sense of self among all other zodiac signs. Ahead, find many ways to celebrate the Lunar New Year in New York City, from taking craft lessons from master artisans at the Chinese Institute in America's family festival to attending Chinatown's annual parade and firecracker celebration.
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Events & Things To Do

Southward view of Gay Street via Wiki Commons

October 10, 2023

Your guide to the West Village: New York City’s downtown heart of cultural history

By Michelle Cohen

It may seem challenging to navigate the winding, narrow streets in one of the few Manhattan neighborhoods not arranged on a sensible grid. Fortunately, it’s also hard to make a wrong turn no matter where you end up in the West Village. And there’s so much to see and do in this iconic and charming neighborhood, that you may find it even harder to leave.
discover the west village, old and new

July 24, 2023

The best free museum days in New York City

By 6sqft

When living in one of the most expensive cities in the country, it’s helpful to know the places in New York City that offer discounts and freebies. Thankfully, many of the Big Apple’s world-class museums and galleries offer free admission on certain days, from the tiny Mmuseumm in Chinatown to the iconic Guggenheim Museum. Ahead, we've rounded up some of the best free museum days in NYC to let you pinch pennies and get your culture fix at the same time.
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Events & Things To Do

Where to work remotely outside in New York City

The plaza at BPL’s Central Library branch; Photo courtesy of Gregg Richards

May 11, 2023

Where to work remotely outside in New York City

By Lidia Ryan

As the weather warms up, WFH can become WFO — work from outside! Bad puns aside, the internet has become ubiquitous, with public internet hotspots popping up everywhere in recent years. Today, many public areas and parks — including National Parks — around the world offer free Wi-Fi. And in New York City, access is expanding.
See the spots

City Living

Your guide to Nomad: A new chapter for a historic Manhattan neighborhood

Photo by Jeffrey Zeldman on Flickr

February 22, 2023

Your guide to Nomad: A new chapter for a historic Manhattan neighborhood

By Michelle Cohen

No matter how old or established they may be, New York City neighborhoods are in a constant state of change. With each new chapter, boundaries shift and new architecture and commerce arrive. The Manhattan neighborhood known as Nomad (for its location north of Madison Square Park) is a fine example. Nomad became a top residential choice, as well as an international dining destination and an all-around rising star, at the beginning of the 21st century. The neighborhood stretches from approximately 25th Street to 30th Street between Sixth and Lexington Avenues, but the bounty that surrounds it in the neighborhoods of Chelsea, Midtown, Union Square, and Gramercy knows no bounds.
What to do and see, and where to live in Nomad

Events & Things To Do

Lawsuit seeks to bar Donald Trump from acquiring any New York real estate for five years

Photo by Krystal T via Flickr

September 21, 2022

Lawsuit seeks to bar Donald Trump from acquiring any New York real estate for five years

By Devin Gannon

New York Attorney General Letitia James is looking to bar former President Donald Trump and his three adult children from acquiring real estate in New York for five years, a move that could deal a major blow to the family's business empire. In a civil lawsuit filed on Wednesday, James accused Trump and his business of engaging in years of deliberate financial fraud "to obtain a host of economic benefits." According to the Office of the Attorney General, Trump and the Trump Organization intentionally created more than 200 false and misleading valuations of assets in annual statements to defraud financial institutions from 2011 to 2021. The 214-page complaint comes after a three-year investigation into fraud across nearly two dozen Trump properties and assets.
More here

Policy

Photo by Ajay Suresh via Wikimedia Commons

February 10, 2021

The Frick Collection’s temporary home in Madison Avenue’s Breuer building is opening next month

By Dana Schulz

A little over two years ago, the Frick Collection announced it would take over Madison Avenue's famous Breuer building from the Metropolitan Museum of Art. Up until 2016, the brutalist landmark was home to the Whitney Museum of American Art, but when the Whitney moved to its new High Line building, the Met took it over as a contemporary wing. The new move allows the Met to ease the burden of some of its debt while providing a temporary home for the Frick while its permanent home--a Gilded Age mansion on Fifth Avenue-undergoes a renovation. The Frick Madison will open at 25-percent capacity on March 18.
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Events & Things To Do

August 20, 2020

New York City’s top 30 condos

By 6sqft

From supertall new developments and projects by some of the world's most famous architects to historic landmarks brought into the 21st century, 6sqft has rounded up the best condo buildings in New York City. Ahead, find out which condominiums made the list and what you can expect in terms of views, amenities, neighborhood, and more.
Read on for a guide to the city's top condo addresses

February 14, 2020

Civil Rights, the NAACP, and W.E.B. DuBois: The African American history tied to 70 Fifth Avenue

By Andrew Berman of Village Preservation

When we think of great African American historic sites in New York, we typically think of Harlem’s Apollo Theater, Lower Manhattan’s African Burial Ground, or Brooklyn’s Weeksville Houses. But one building that should perhaps join the list is 70 Fifth Avenue in Greenwich Village, which housed the headquarters of the NAACP, the nation’s oldest and largest civil rights organization; The Crisis, the first magazine published for an African American audience; and the first magazine dedicated to African American children, meant to combat the commonplace demeaning stereotypes of the time, headed by none other than civil rights icon W.E.B. DuBois.
Learn all this history ahead

History

All Barneys New York stores to close by end of the month

Photo by Jim.henderson on Wikimedia

February 14, 2020

All Barneys New York stores to close by end of the month

By Devin Gannon

It's the end of an era. Once an icon in the luxury fashion world, Barneys New York is officially closing its doors this month. All stores will shutter on Feb. 23, the New York Post reported on Thursday, with 719 employees losing their jobs at the retailer's flagship location at 660 Madison Avenue, its store in Chelsea at 101 Seventh Avenue, an outlet in Central Valley, and its corporate offices at 575 Fifth Avenue. Barneys California stores in Beverly Hills and San Francisco will also close Feb. 23.
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Real Estate Trends

January 31, 2020

The history of how the New York Public Library got its start Downtown

By Andrew Berman of Village Preservation

This year, the New York Public Library is celebrating its 125th anniversary. With 53 million items and 92 locations across Manhattan, the Bronx, and Staten Island, the NYPL is the largest municipal library in the world. It’s also the steward of some of New York’s greatest landmarks, reflecting a century and a quarter of Gotham’s history, and in some cases even more. The roots of this library system can be found in Greenwich Village, the East Village, and Noho. The main antecedents of the NYPL which formed the foundation of today’s system— the Astor Library, the Lenox Library, and the New York Free Circulating Library – all began in these neighborhoods just below 14th Street. As a result, this is where New York’s oldest public library buildings and the oldest building housing an NYPL branch are located -- the latter ironically having been where great works of literature were banned and censored before it became a library.
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History

Barneys’ Madison Avenue flagship to stay open as a temporary pop-up

Photo by Jim.henderson on Wikimedia

November 4, 2019

Barneys’ Madison Avenue flagship to stay open as a temporary pop-up

By Devin Gannon

Barneys New York was officially sold for roughly $270 million on Friday after filing for bankruptcy just three months prior. The new owners of the luxury retailer, Authentic Brands Group and B. Riley Financial Inc., will license the Barneys name to other companies and likely close most of its locations across the country. But the store's beloved flagship location at 660 Madison Avenue will stay open for at least the next year, according to the Real Deal.
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Real Estate Trends

September 18, 2018

Schedule for 2018 Open House New York sites and events is now live

By Michelle Cohen

Last week brought a sneak preview of the 16th annual Open House New York; the schedule for tours, events, and access to typically off-limits sites has been released. OHNY is happening on Friday, October 12, Saturday, October 13 and Sunday, October 14. Highlights include recently-opened sites like 3 World Trade Center, Domino Park and Pier 17, construction previews of 150 Rivington and Hauser & Wirth Gallery West 22nd Street and specially curated series like Works by Women, MAS 125, Factory Fridays and Open Studios. There's also an event guide, interactive map showing where ("open access" only) sites and events are located throughout the five boroughs and an itinerary planner.
More about OHNY 2018 this way

September 13, 2018

Get a sneak preview of the 2018 Open House New York sites!

By Michelle Cohen

If you love architecture and urban design from historic to contemporary, you'll have already been looking forward to this year's Open House New York! This much-anticipated and rare weekend of access to typically off-limits sites is now in its 16th year; this year’s OHNY will take place on Friday, October 12, Saturday, October 13 and Sunday, October 14. Thanks to partnerships with over 400 arts and cultural organizations, city agencies, architecture firms and others, OHNY Weekend will open more than 250 buildings and projects across the five boroughs for tours and talks with architects, urban planners, historians, preservationists, and civic leaders. OHNY has just released a sneak preview of the program, which includes recently-opened sites like 3 World Trade Center, Domino Park and Pier 17, construction previews of 150 Rivington and Hauser & Wirth Gallery West 22nd Street and specially curated series like Works by Women, MAS 125, Factory Fridays and Open Studios.
This way to see what's on the list for OHNY 2018

Michael Cohen puts up $9M Trump Park Avenue apartment as collateral against bank debt

Photo of Michael Cohen via Wikimedia; image of Trump Park Avenue via Google Earth

May 9, 2018

Michael Cohen puts up $9M Trump Park Avenue apartment as collateral against bank debt

By Devin Gannon

Michael Cohen, the longtime attorney for President Donald Trump, has put up his family's Park Avenue apartment as collateral against a bank loan worth millions of dollars. The bank valued Cohen's condo, fittingly at Trump Park Avenue in Lenox Hill, for $9 million. The financially troubled lawyer is putting his apartment against $12.8 million in loans he took out for his taxi business in 2014. Cohen secured these loans by New York City taxi medallions, which have dropped in value by 80 percent due to the growth of ride-sharing services, according to Bloomberg.
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Policy

Vornado says it reached a deal with Kushner Cos. to sell 666 Fifth Avenue stake

Google Street View of 666 Fifth Avenue

April 9, 2018

Vornado says it reached a deal with Kushner Cos. to sell 666 Fifth Avenue stake

By Devin Gannon

Update 4/9/18: Vornado announced on Friday that it reached a "handshake" deal to sell its stake at 666 Fifth Avenue back to the Kushner Cos, according to the New York Times. It remains unclear if the Kushners have found a new partner. Steven Roth, chairman of Vornado, in the filing, said the payment would cover the company's investment: "The existing loan will be repaid including payment to us of the portion of the debt we hold." Kushner Cos. said this week it is in talks to buy the remaining 49.5 percent stake in 666 Fifth Avenue from Vornado Realty Trust, furthering the drama at the 41-story Midtown Manhattan office building, according to the Wall Street Journal. The tower has remained one of Kushner Cos. most financially troubled projects. In addition to its debt and high rates of vacancy, the building has been mired in controversy, mostly due to Jared Kushner's role as a senior adviser and son-in-law to President Donald Trump. While Jared divested in the property to avoid conflicts of interest, investors have been reluctant from entering a deal with Kushner Cos.
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Policy

How an 1894 Hangover Created an Eggs Benedict Controversy in New York City

Image via Wiki Commons

October 20, 2017

How an 1894 Hangover Created an Eggs Benedict Controversy in New York City

By Dana Schulz

Brunch is inarguably one of New Yorkers' favorite pastimes, and if there's one dish that represents the lazy, and perhaps boozy, Sunday afternoon meal it's Eggs Benedict -- poached eggs and Canadian bacon on an English muffin, topped with hollandaise sauce. Which is why it's not surprising to learn that the egg creation originated right in our fine city. There is however, a bit of controversy over just who gets the credit for inventing it. Was it the Wall Street bigwig who was looking for a hangover cure at the Waldorf Hotel? Or was it Charles Ranhofer, the legendary Delmonico’s chef who published a recipe for it in his cookbook "The Epicurean?"
The mysterious case of Eggs Benedict unfolds this way

September 6, 2017

100 free things to do in New York City

By Devin Gannon

Despite being one of the most expensive cities to live in, New York City offers many free activities, events, and attractions all year round, letting you pinch pennies when the rent check is due. From free lectures at the Met to free group meditation classes, there are tons of activities that don't cost a dime. To help New York visitors and natives alike, we've put together a guide of the 100 best wallet-friendly things to do in the Big Apple.
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100 years ago today, the NAACP held its Silent Protest Parade down Fifth Avenue

Photo courtesy of James Weldon Johnson Memorial Collection of African American Arts and Letters, Yale Collection of American Literature, Beinecke Rare Book and Manuscript Library

July 28, 2017

100 years ago today, the NAACP held its Silent Protest Parade down Fifth Avenue

By Devin Gannon

Forty-six years before Martin Luther King Jr. delivered his “I Have A Dream” speech during the March on Washington, nearly 10,000 African-Americans silently marched down Fifth Avenue to protest racial violence in the United States. Organized by the National Association for the Advancement of Colored People (NAACP), the Silent Protest Parade occurred on Saturday, July 28, 1917, and became the first mass civil rights demonstration of its kind. Protesters walked from 55th and 59th Streets to Madison Square, without so much as a whisper (h/t Hyperallergic).
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History

April 11, 2017

INTERVIEW: Paula Scher on designing the brands of New York’s most beloved institutions

By Emily Nonko

Paula Scher is one of the most recognizable names in the design world, considered legendary in the industry for creating the identities of major New York institutions. Scher moved to New York in the 1970s to begin her design career and got her start in the music industry. As art director for CBS, she designed around 150 albums a year and produced numerous ads and posters. Her record covers include everything from the Rolling Stones' Still Life to Leonard Bernstein's Stravinky, four of which were recognized with Grammy nominations. As a record designer, Scher was credited with reviving historical typefaces and design styles—and typefaces still play heavily in her work today. Scher left Atlantic Records to begin her own design firm in 1982, and in 1991 she joined her current firm, Pentagram, as the company's first female principal. Although Pentagram is an international design company, its New York office is behind the identities of some of the city's most beloved establishments. It was at Pentagram Scher established her reputation as a New York designer who created unique, lasting identities.
more with Paula Scher here

A rendering of 666 Fifth Avenue. Credit: Kushner Companies/Zaha Hadid Architects

March 22, 2017

Kushner Cos. vision for 666 Fifth Avenue has Zaha Hadid design and $12B ambitions

By Michelle Cohen

As 6sqft previously reported, 666 Fifth Avenue owners Kushner Companies and Vornado Realty Trust have been seeking financing for a new skyscraper planned for the site of the Midtown office tower that Kushner purchased for $1.8 billion in 2007; Chinese company Anbang Insurance Group is said to have been considering a substantial stake in the tower. Though it was reported that the redevelopment could be valued at $7.5 billion, the Wall Street Journal now cites sources who say the value could be as much as $12 billion, and that a reported deal with Anbang may be far from a sure thing. That huge number represents the projected value of what Kushner envisions as a 1,400-foot-tall mixed-use luxury tower with a design provided by the late Zaha Hadid in 2015, nine floors of retail, a hotel and big-ticket luxury condos on its upper floors.
Find out more about the possibly maybe very big deal

Architecture And Design

December 2, 2016

Officials launch petition to have federal government pay for Trump Tower security, not New Yorkers

By Diane Pham

City Council Speaker Melissa Mark-Viverito and Council Member Dan Garodnick won't have New York City shafted with the bill for “White House North.” The pair have launched a petition demanding that the federal government pony up whatever cash is needed to keep Trump Tower secure during the president-elect's term of office. As 6sqft previously reported, Trump hopes to spend weekends and even some weeknights at the Midtown tower over the next four years, particularly as wife Melania will stay put until son Barron finishes school—and more simply because Trump likes waking up in his own bed. It has been estimated that turning Trump Tower into a 24/7 armed fortress will cost New York City taxpayers $1 million a day, and the total bill over the president-elect's four-year term could swell beyond $1 billion.
more details here

Celebrities

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