Search Results for: land bank property for sale ny

June 8, 2017

10 things you never knew about Frank Lloyd Wright

Considering today would have been Frank Lloyd Wright's 150th birthday, you'd think we all know everything there is to know about the prolific architect. But the wildly creative, often stubborn, and always meticulous Wright was also quite mysterious, leaving behind a legacy full of oddities and little-known stories. In honor of the big day, 6sqft has rounded up the top 10 things you likely never knew about him, including the mere three hours it took him to design one of his most famous buildings, the world-famous toy that his son designed, his secondary career, and a couple present-day ways his work lives on.
Everything you never knew about FLW

August 26, 2016

With $2.5 billion in Brooklyn real estate, Hasidic investors are a formidable gentrification driver

By Michelle Cohen

We hear so frequently about the players behind Manhattan’s billion-dollar real estate projects and how foreign investors are pouring a global vault's worth of currency into New York City property, often shielded by LLCs. It's illuminating to get a closer look at the city’s larger real estate landscape–one that has changed so much in recent decades–and learn who's behind the soaring property values, skyrocketing rents, frenzied flipping and veritable horse-trading that has driven the unprecedented and transformative gentrification beyond Manhattan’s rarified development scene. A recent story by The Real Deal titled “Learning and earning: Hasidic Brooklyn’s real estate machers” reveals that a huge slice of the borough’s real estate pie is owned by the Hasidic community. The ultra-orthodox sect reportedly includes some of Brooklyn’s wealthiest property owners, to the tune of $2.5 billion.
Find out more

Real Estate Trends

June 27, 2016

New Owners May Close Waldorf Astoria for Three Years for 1,100-Room Condo Conversion

By Dana Schulz

Hilton Worldwide Holdings, who had owned the landmarked Waldorf Astoria since 1972, agreed in October 2014 to sell the 1,413-room hotel to Beijing-based financial and insurance company Anbang Insurance Group for $1.95 billion. The deal closed the following February, along with plans from the new owners to convert part of the Art Deco building into luxury condos, and now the Wall Street Journal brings additional details on the conversion. The overhaul, which could close the property for up to three years and cost upwards of $1 billion, would convert as many as 1,100 hotel rooms to condos, with the hotel portion featuring between 300 and 500 luxury guest rooms. Currently, the hotel employs about 1,500 people, but this major decline in hotel rooms will eliminate hundreds of jobs. Sources say Anbang and Hilton have already reached severance agreements totaling at least $100 million.
More details ahead

April 20, 2016

Skyline Wars: Brooklyn Enters the Supertall Race

By Carter B. Horsley

Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. Here, Carter brings us his fifth installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter looks at Brooklyn's once demure skyline, soon to be Manhattan's rival. Downtown Brooklyn has had a modest but pleasant skyline highlighted by the 350-foot-high Court & Remsen Building and the 343-foot-high great ornate terraces of 75 Livingston Street, both erected in 1926, and the 462-foot-high flat top of the 1927 Montague Court Building. The borough’s tallest building, however, was the great 514-foot-high dome of the 1929 Williamsburg Savings Bank Tower, now known as One Hanson Place, a bit removed to the east from Downtown Brooklyn. It remained as the borough’s tallest for a very long time, from 1929 until 2009. A flurry of new towers in recent years has significantly enlarged Brooklyn’s skyline. Since 2008, nine new towers higher than 359 feet have sprouted there, in large part as a result of a rezoning by the city in 2007. A few other towers have also given its riverfront an impressive frontage. Whereas in the past the vast majority of towers were clustered about Borough Hall downtown, now there are several clusters with some around the Brooklyn Academy of Music and the former Williamsburg Savings Bank Tower and some around the Williamsburg riverfront.
more on Brooklyn's skyline here

February 9, 2016

New LLC Disclosure Law Probably Won’t Have Much Impact on the Condo Market

By Michelle Sinclair Colman

Will new federal regulations aimed at clamping down on shell companies buying luxury real estate send a chill through Manhattan’s high-end real estate market? The reaction to a page one article in the New York Times last month suggests fear is in the air. But that fear may be misplaced for two reasons: firstly, the Treasury Department’s database of buyers’ names will not be public, as many have inferred; and secondly, in New York, title insurance is not mandatory when you're making an all-cash deal.
FInd out more here

November 11, 2015

432 Park in Numbers: New Renderings and Superlatives Will Blow You Away

By Ondel Hylton

Now that Macklowe Properties'/CIM Group's 432 Park Avenue is nearing completion, with occupancy slated to begin in mid-2016 and 70 percent of units reportedly in contract, the development's marketing and branding agency DBOX has released a bevy of never-before-seen images of our skyline's newest icon. Being the tower of superlatives it is, it comes as no surprise that it boasts a marketing campaign to match. Employing sky-cams, drone photography, a million-dollar film, and breath-taking renderings and photography, 432 Park has perhaps the most elaborate promotional campaign ever conceived for a Manhattan condominium. With dozens of spectacular images to choose from, we hand picked a few to recap the development of this monumental supertower. We've also put together a timeline in numbers–from its record breaking height to its 1,200-pound marble sinks–to illustrate the extraordinary undertaking that has paved the way for the tower to become the most successful and desirable condominium ever erected in the city (sorry One57).
See it all right here

190 Bowery Is Already Back on the Market, Aby Rosen Attempts a Flip

EDITOR’S NOTE: An RFR Realty representative reached out to Curbed to say that 190 Bowery is NOT for sale. The listing is not current and will be removed from Cushman & Wakefield’s site.

July 15, 2015

190 Bowery Is Already Back on the Market, Aby Rosen Attempts a Flip

By Dana Schulz

It seems like the saga of 190 Bowery is never going to be over. As you'll recall, photographer Jay Maisel turned the former Germania Bank Building into his own private mansion and lived there from 1966 until February of this year, at which time he sold it to developer Aby Rosen of RFR Realty for $55 million. Like we previously said, "Since that time, it’s been all eyes on Rosen. Is he removing or preserving that iconic graffiti? What the heck happened with that 'public' art show inside the building?" And though the Landmarks Preservation Commission approved plans in May for a restoration and conversion to an office building with ground-floor retail, it now seems that Rosen may be getting cold feet. Curbed reports that he's taking offers for 190 Bowery in what looks like a very high-profile flip attempt.
See what the listing has to say

May 20, 2015

Great Neck Home Where F. Scott Fitzgerald Started Writing ‘The Great Gatsby’ Lists for $4M

By Dana Schulz

Instead of just driving around Long Island's Gold Coast and ogling the Jazz Age mansions, pretending to be a character in The Great Gatsby, you can now live within the walls of perhaps the Gatsby-est home of them all. The Wall Street Journal reports that 6 Gateway Drive in Great Neck, the Mediterranean-style mansion where F. Scott Fitzgerald started writing his iconic novel, is for sale for $3,888,888. The author and his wife Zelda lived in the 5,174-square-foot home between October 1922 and and April 1924, smack in the middle of the Roaring Twenties scene that he depicted in his book.
Take a look around F. Scott Fitzgerald's former home

February 6, 2015

Photographer Jay Maisel Officially Sells 190 Bowery for $55M

By Dana Schulz

It's being considered one of the greatest returns on investment in New York City real estate history, reports the Daily News. Photographer Jay Maisel bought the now-famous graffiti-covered home at 190 Bowery back in 1966 when it was abandoned for only $102,000, and he's now officially sold the Gilded Age bank building to developer Aby Rosen of RFR Realty for $55 million. Developers have been urging Maisel to sell ever since the Bowery changed from a seedy row of drugs and flop houses to a trendy destination for foodie-favorite restaurants and high-end boutiques. Rosen finally convinced the artist, who lived in the six-story, 72-room mansion with his wife and daughter, to sell on the basis that it had no heat and was in disrepair.
More on the epic sale

Real Estate Trends

October 20, 2014

Extraordinary Dwellings: These Amazing Homes Are Hidden in Plain Sight

By Michelle Cohen

It isn’t unusual to see old warehouses, churches and banks converted into luxury multi-unit condos and apartments. But far more rare, and often shrouded in myth and mystery, are one-of-a-kind buildings that had former lives as banks, schools, a synagogue, a public bath house, a Con Ed substation, even a public restroom and a hillside cave–and have more recently served as home and workspace for a lucky handful of bohemian dreamers (and hard-working homeowners).
Find out who lives behind the gates of those those cavernous, mysterious buildings

Architecture And Design

September 15, 2014

Ben Shahn Murals and a Market? YoungWoo & Associates Tries Again at the Bronx General Post Office

By Stephanie Hoina

The firm that once hoped to bring a Bronx market to the Kingsbridge Armory site may get their chance with another historic building in the borough. Last week it was announced that developer YoungWoo & Associates purchased the landmarked Bronx General Post Office building on the Grand Concourse and East 149th Street for an undisclosed sum.
What's in store for the building and its treasures?

September 10, 2014

Anatomy of a Killer Flip: The Townhouse Everybody Wanted Heads Back to the Market

By Michelle Cohen

In January of 2013, in the dead of winter, an 1899 detail-laden Italianate townhouse fixer-upper at 102 Gates Avenue hit an inventory-starved rising market. The listing price of $1.295 million, was a double-take for many, even though it was less than what properties like it were selling for in the area. Fast forward to September 2014, where renovations, which commenced almost immediately after the sale, are nearing completion (and according to reports, they’ve been done right). Word is that the house is about to head back to the market—at more than twice its winter selling price.
Find out why 375 people waited in the cold for the first open house

August 11, 2014

Light at the End of the Tunnel: The Second Avenue Subway Already Sending Real Estate Prices Soaring

By Lauren Price

Plans for a Second Avenue subway have been on the drawing boards since flapper dresses were all the rage. But not until now has this pipeline dream started to take shape. One of the hottest discussions among the locals is undoubtedly the new line, and according to the MTA, 65 percent of Phase I is now complete. When it debuts in December 2016, it is slated to carry 200,000 straphangers, which in turn will reduce overcrowding on the Lexington Avenue Line by as much as 13 percent (that’s 23,500 fewer passengers on an average weekday). Phase II will extend the line from 96th to 125th Street, and the MTA just announced that $1.5 billion (only a third of the total estimated cost) is now set aside with the hope that the federal government will chip in, too. But those who wonder when the 8.5-mile stretch of tracks (125th Street to Hanover Square), you’d better hold onto your hat—it's 2029! Though this is still 15 years away, that hasn't stopped the prices of properties flanking the SAS from riding high in anticipation.
Why buyers are looking at construction workers starry-eyed

June 10, 2014

Light-Filled Greek Revival Townhouse in Brooklyn Heights Finds a Buyer for $6.8M

By Diane Pham

Brooklyn Heights is one of the city's most coveted neighborhoods, and it's no wonder why. With its beautiful tree-lined streets, historic architecture, and that certain light which seems to bring a calm and peace to the streets, it's managed to draw everyone from best-selling authors to bankers to even Hollywood starlets. The latest and most notable sale for BK nabe is 19 Monroe, which just sold for $6.8 million through a listing held by Yolanda Johnson at Corcoran. The property hit the market back in March for $7.3 million, and while the interiors were admired by many, the ask made more than a few jaw drops. But let's not forget that this is NYC, and it never hurts to be overly ambitious...
Take a peek inside this unique townhouse

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