Search Results for: penthouse

May 18, 2015

Developer Scott Resnick Takes Us Inside Norman Foster’s 551W21

How do you follow up managing the building of the city’s newest and most exciting museum, the Whitney Museum of American Art on the Hudson River waterfront in the West Village, that kicks off the city’s most popular architectural extravaganza, the High Line elevated park? You commission Sir Norman Foster, one of the world’s master architects to rise to the starchitect challenge of the High Line, the city’s seemingly overnight sensation that is a phenomenal explosion of really interesting designs in a city too long mired in architectural mediocrity and bogged down mightily by the burden of rampant NIMBYism, the well-intentioned but dreaded Not In My Back Yard syndrome. Scott Resnick, the head of SR Capital, has asked Foster to design a 19-story residential condominium building at 551 West 21st Street, half a block west of the High Line. “We’ve got the Hudson River,” Resnick retorts, casually destroying the real estate myth of “location, location, location.” This, of course, is the back story to the supertall onslaught of the south end of Central Park. How can mere 250-footers at best compete with the 1,000-foot-plus stompin’ boots of oligarchs in and around the city’s platinum core of double-height retailing, grand hoteling and horse-and-buggy bashing? Talk about 76 trombones! Still, in a metropolis of more than eight-million yarns, there is eternal hope for the spunky “little guys,” “da bums.”
Inside Foster's new building in progress this way
May 18, 2015

Gorgeous Gramercy Park Chateau Looks Fit for Royalty

Paging "Downton Abbey" fans. This Gramercy Park apartment looks more like an English estate than a New York co-op. Located at 44 Gramercy Park North (h/t Curbed), each room is decked out with extravagant features that manage to outdo the others. Elaborate wood carvings, soaring ceilings, stained glass windows, fireplace mantels with sculpture work, the list goes on and on. The listing says, "There is no other place like this." We think they're absolutely right.
See more of the interior here
May 18, 2015

VIDEO: Preview the Interiors of Jean Nouvel’s MoMA Tower Ahead of This Week’s Sales Launch

Since it started making news in 2006, the starchitect-designed condominium tower at 53 West 53rd Street, officially known as 53W53 along Manhattan's "Billionaire's Row," has progressed slowly, stalled until last September when developers were able to obtain 240,000 square feet of development rights from MoMA and the St. Thomas Episcopal Church for $85.3 million and secure a $860 million construction loan. The Jean Nouvel-designed 1,050-foot asymmetrical tower, often called MoMA Tower, is adjacent to the museum and will occupy three of its lower floors. Now Bloomberg brings us a video interview with Nouvel and interior designer Thierry Despont from the building's sales gallery that opens the door on the building's interiors–or at least those of the building's furnished model unit, which is more than we've gotten so far. We also get to behold a sleek model of the tower's facade surrounded by its neighbors. The architect says that there are "...almost no two similar apartments in the building because on every floor the shape and the layouts are different."
Check out the interiors and the video this way
May 15, 2015

What’s Your Favorite Building in NYC? 6sqft’s Writers and Friends Square Off

Once upon a time, when 6sqft was not yet launched, a group of writers were asked for their thoughts on their favorite building in New York City. Their choices, some easily recognizable and others a little further from the beaten path, were mixed together with those of a few folks a lot like our readers—interested in and passionate about all things New York. The result? A wonderful blend of what makes this city great: its diversity, not simply demographically but also in the opinions of those eight million souls who weave together the fabric of all five boroughs to create the most interesting city in the world. And it stands to reason the most interesting city in the world is home to quite a few interesting buildings. As one might expect, there was barely a duplicate in the bunch. Some weren't even on our radar! Is your favorite on the list? If not, we’d love to know what you think in the comments.
Read on to see if you agree with our selections
May 15, 2015

Bradley Cooper Scopes Out an $8.5M Three-Bedroom in Tribeca’s Hubert

It looks like Hollywood hunk and newly single Bradley Cooper is looking for some New York digs. The Post reports that the actor was spotted checking out a sprawling three-bedroom at The Hubert, located in none other than celeb haven, Tribeca. The picture perfect pad is a seventh-floor unit that's been designed a renovated by Moka Home, described by the brokers as a "rare one-of-a-kind offering will take your breath away from the moment you enter."
Have a peek inside
May 14, 2015

Extell Shoots for a $4.4B Sellout with the Nordstrom Tower, the Most Expensive Ever

Extell has plenty to brag about, from claiming fame to the city's top two most expensive sales to being credited with starting the whole superluxury supertall tower boom. But according to the Wall Street Journal, the development company's head honcho and mastermind Gary Barnett is vying for another record, aiming to make his next skyscraping creation, the Nordstrom Tower, the most expensive building ever sold at $4.4 billion.
more details here
May 11, 2015

Charting the Property Taxes of the City’s 10 Most Expensive Apartments

Back in March, we learned that the owner of the $100 million apartment at One57 (the most expensive sale ever in the city) pays only $17,268 in annual property taxes– "or 0.017 percent of its sale price, as if it were worth only $6.5 million," as we noted. "In contrast, the owner of a $1.02 million condo nearby at 224 East 52nd Street is paying $24,279, or 2.38 percent of its sale price." Why does this happen? It's in part due to the 421-a program, which offers tax breaks for the inclusion of affordable housing and "lowers the billable-assessed value of a property to incentivize real-estate development," according to CityLab. It's also thanks to the city's haphazard system for assessing market values of condos and co-ops. In response to this growing issue of inequality, Mayor de Blasio announced just last week that he hopes to end 421-a for condos, as well as implement an even stricter mansion tax. To make the issue a bit more black-and-white, CityLab has put together two charts that show just how disproportionate the actual value of the city's ten most-expensive apartments is compared with their property taxes. As they note, "In NYC, billionaires pay 1/100th the average property-tax rate."
Find out more here
May 7, 2015

To Increase Affordability, Mayor de Blasio Wants to End 421-a for Condos and Up the Mansion Tax

From the onset, Mayor de Blasio has been extremely vocal about his plan to add 200,000 units of affordable housing over 10 years, 80,000 of which will be new construction. Though many feel this is an arbitrary number, backed up by no data as to where the units will be, the Mayor seems committed to reforming current policies to reach his goal. And after months of speculation, he has revealed his planned changes to the city's 421-a tax incentive program, which is set to expire in June. According to the Times, under his proposal, the controversial tax would no longer apply to condo projects (to understand the logic behind this decision just look at the $100 million sale at One57 that received the tax abatement). But it would apply to new rental projects, which would have to have apartments for poor and working-class residents make up 20 to 30 percent of the building in order to qualify for city tax breaks. It would also extend the abatement from 25 years to 35 years. Another part of the overhaul is to eliminate so-called poor doors. De Blasio also wants to up the city's mansion tax. Currently, home sales over $1 million are subject to a 1 percent tax, but de Blasio proposes adding an additional 1 percent tax for sales over $1.75 million, as well as a third 1.5 percent tax for sales over $5 million. He estimates this will bring in an extra $200 million a year in tax revenue, money that would be allocated to affordable housing programs.
More details ahead
May 5, 2015

The Former Upper West Side Mansion of Charles Schwab Is Asking $20 Million

It doesn't get any grander than this 11,500-square-foot, six-story mansion on the Upper West Side. Located at 323 West 74th Street, this home has an interesting history, to say the least: It was designed by the famous architect C. P. H. Gilbert as part of a larger row of residences off Riverside Drive to rival the mansions of Fifth Avenue. The infamous moneyman and steel magnate Charles Schwab lived here from 1914 to 1917, then, according to Daytonian in Manhttan, it was used as the "scandalous love nest" for the mistress of industrialist George Gould. Today, it's been configured as an owner's triplex with an apartment below. The asking price comes in at $19.995 million.
See more interior photos here
May 5, 2015

Greenwich Village Townhouse from Infamous 1970 Explosion Gets a Price Cut and New Look

Justin Korsant's unique Greenwich Village townhouse that so famously suffered from an accidental explosion in 1970 has lowered its price from $13.5 million to $12.95 million. All eyes have been on the unique split level home with a slanted facade since word got out that Korsant had plans to overhaul the local landmark, which was redesigned by Hugh Hardy post-explosion. Instead, Korsant tabbed Hardy's own modern-day firm, H3 Hardy Collaboration Architecture, to come up with Landmarks-approved plans, which include six floors, a penthouse, and an elevator. Now all you have to do is grab your contractor and make it happen.
More pics inside
May 4, 2015

Westward Ho! More and More New Yorkers Are Moving to Los Angeles

New York and Los Angeles have long been rivals, but while New York has historically emerged as the center of all things cool, the tides seem to be turning. The Times reports that more and more of the city's creatives are turning to Los Angeles as a place to call home, spurring a renaissance in a town once considered a cultural wasteland. No longer is L.A. a sun-soaked land littered with dejected actors and models, but instead it's emerging as a haven for those looking to experiment with their art without struggling to make ends meet. Read: The rents are cheap!
Find out more here
May 4, 2015

Shoes Are the Star at This SoHo Loft Redesign by Aa Studio

Anyone who appreciates good design as much as a good pair of shoes will love this project by Aa Studio. The New York-based architecture firm focuses on space, proportion and light in home design. So given the task of a bedroom redesign that would also accommodate a large designer shoe collection, it's no surprise that the result feels so spacious. The gorgeous, bright master bedroom, located inside of a Soho penthouse, comes with sleek, grown-up cubby spaces that show off the impressive footwear display.
See more interior photos here
May 4, 2015

Extell Looks to Religion to Build Its Next 57th Street Supertall Tower

In the past, it was street names like Park Avenue and Central Park West that signaled a building's wealth and prestige, but these days it's gotten confined to a much shorter thoroughfare, 57th Street. Appropriately dubbed Billionaires' Row, the stretch has gotten much heat lately for its influx of supertall towers casting shadows on Central Park just to the north. Three of the towers in this sky-high lineup belong to Extell Development: the under-construction Nordstrom Tower at 217 West 57th Street, which will be the tallest residential building in the world when completed; 111 West 57th Street; and everyone's favorite One57. But now, as Crain's reveals, Extell is looking to expand its 57th Street portfolio with the site of the current Calvary Baptist Church and the Salisbury Hotel at 123 West 57th Street, on the same block as 111 West 57th and One57. As the paper reports, the church "will soon decide whether it will sell its sanctuary and 197-room hotel" to the developer.
More on the possible project here
May 2, 2015

April’s 10 Most-Read Stories and This Week’s Features

April’s 10 Most-Read Stories Interior Pictures Revealed for Demi Moore’s $75M San Remo Penthouse Subway Rent Map Shows Manhattan Rental Prices Along Each Train Line Demi Moore Puts Famed San Remo Penthouse on the Market for $75M New Yorker Spotlight: Meet the Human Behind The Dogist, Elias Weiss Friedman City’s First Micro-Apartment Project ‘MY Micro […]

May 1, 2015

Michelle Obama Loves the New Whitney; BIG’s West 57th Street Pyramid Gets a Name

A cement mason worker is suing Tishman Construction, Silverstein Properties, the Durst Organization and the Port Authority after getting seriously injured while working at 1 World Trade Center. [CO] BIG’s West Side Highway pyramid/tetrahedron will be named “Via.” Huh? Read the explanation at the Times. [NYT] First lady Michelle Obama is “in love” with the new Whitney Museum, […]

April 30, 2015

A Record $11.9B Has Gone into Building New Condos, but Few Apartments Actually Produced

The NYC luxury real estate market is as hot as ever and developers are scrambling to get in on the action. The Daily News reports that a record breaking $11.9 billion was poured into new developments last year, a 73 percent jump over the last 12 months, and up $5 billion over the previous record (source: New York Building Congress). While this rise may seem like great news in a city facing a serious housing crisis, the bounty going towards new construction isn't doing much to remedy it. The paper adds that though spending is way up, the bulk of the cash is being funneled "into delivering only a few massive high-end pads with luxe finishes targeted at the global elite."
Find out more here
April 30, 2015

$100M Homes on the Rise All Over the World; Will NYC Look as Good with a Dimmer Skyline?

New York is not alone, a record number of properties around the world are commanding prices topping $100 million. [Bloomberg] The city’s first crowd-funded condo project has just launched sales. [NYDN] LES community activists are calling Extell’s new tower planned for 250 South Street “racist.” [DNA Info] New York’s plan to save energy may mean a […]

April 30, 2015

Hell’s Kitchen, Once the ‘Wild West,’ Now Undergoing Rapid Gentrification

There's yet to be an exact agreed-upon theory as to where the name Hell's Kitchen came from, but most historians agree that it had something to do with the poor tenement conditions and general filth of the neighborhood in the 19th century. Its reputation didn't get any better in the 20th century, though. After the repeal of prohibition, the area became overrun with organized crime, and until the 1980s it was known as a home base for several gangs. Today, Hell's Kitchen is no longer the "Wild West," but rather a rapidly gentrifying community ripe for new development. A neighborhood profile today in the Times looks at the transformation of the neighborhood, also called Clinton or Midtown West, which is generally defined as the area from Eighth Avenue to the Hudson River between 34th to 59th Streets. Summed up, "New buildings are going up, and older ones are being converted to high-end residences. The development of Hudson Yards and the High Line just to its south and the addition of the Time Warner Center on its northeast border have spurred growth. Prices have gone up but are still generally lower than in surrounding neighborhoods."
Find out more ahead
April 28, 2015

Five Luxury Towers Will Account for One-Third of New Development Sales over the Next Five Years

It's projected that over the next five years, new development sales in Manhattan condos will total $27.6-$33.6+ billion, but this sky-high figure is heavily skewed by prices in just five buildings. These luxury towers will account for one-third of the total projection. Three of the buildings -- 432 Park, 220 Central Park South, and 550 Madison Avenue (the former Sony Building) -- are located on billionaires' row and are expected to bring in a whopping $8 billion. The Greenwich Lane and 10 Madison Square West will also likely bring in close to $1.5 billion each. Along with this boost from the upper end of the market comes a trend where fewer units are selling, but prices are shooting up.
More info and CityRealty's full infographic here
April 27, 2015

The High and Low: Two Classic Central Park West Co-ops in the Celeb-Filled El Dorado

Inspired by all the talk of Demi Moore listing her San Remo penthouse for a potentially record-breaking $75 million, we found some even more fabulously grand Central Park West, Emery-Roth-designed, graciously pre-war detailed listings at the San Remo’s equally fabulous and celebrity-favored cousin, the El Dorado at 300 Central Park West. The "high" listing is exactly that: Not only a penthouse, but a rare offering that spans two floors of one of the iconic building's skyline-defining twin towers. And of course there's the view from your double-decker tower perch, which is the one that really counts. But before you lunge for your wallet (or if you're thinking you don't really need the square footage of a small walled city), the “low” listing is in the same famous and fabulous iconic building, and it’s even on a high floor. While it’s technically a one-bedroom, it has that classic pre-war co-op's gracious layout. And it’s asking $1.4 million, which, a few caveats aside, sounds astonishingly reasonable. And you still get to be neighbors with Meredith Viera and the lingering spirit of Bruce Willis, Alec Baldwin, Moby, Bono and many more past residents.
The El Dorado for $29 million and $1.4 million, this way...
April 27, 2015

DHD Interiors’ Modern Loft Peacefully Coexists Among Gramercy Park’s 19th Century Homes

When we think of Gramercy Park it calls to mind stately 19th-century mansions, brownstones and carriage houses—and of course, the elusive crown jewel in the middle of it all, the park itself. But sharing the stage with the neighborhood's turn-of-the-century aesthetic are a number of newer developments that have an elegance all their own.
Have a look inside
April 25, 2015

Weekly Highlights: Top Picks from the 6sqft Staff

Interior Pictures Revealed for Demi Moore’s $75M San Remo Penthouse Subway Rent Map Shows Manhattan Rental Prices Along Each Train Line City’s First Micro-Apartment Project ‘MY Micro NY’ Ready for Stacking Charming ‘Back House’ Apartment Is a Tiny Treasure in the West Village New Renderings Revealed for 217 West 57th Street, the Will-Be Tallest Residential […]

April 24, 2015

Lofty Greenwich Village Condo Offers Plenty of Space to Show Off Your Art

This is not your artsy Greenwich Village apartment of the beatnik era. The condo at 29 East 10th Street, which takes up the entire second floor, is more along the lines of "luxury loft living." It has been renovated with custom lighting and exposed brickwork to accommodate the seller's impressive, sometimes kooky, art collection. And it seems like unique design is a trend of the building, which is a former 19th century feather factory. Last year an impressive condo hit the market here asking $14.995 million. This new apartment is asking significantly less, priced at $3.95 million.
See more of the interior photos here
April 23, 2015

Art Nerd New York’s Top Event Picks for the Week, 4/23-4/28

In a city where hundreds of interesting happenings occur each week, it can be hard to pick and choose your way to a fulfilling life. Art Nerd‘s philosophy is a combination of observation, participation, education and of course a party to create the ultimate well-rounded week. Jump ahead for ArtNerd founder Lori Zimmer’s top picks for 6sqft readers, beginning tonight! Spring means another week of great events, kicking off with one of my own at the fabulous historic Roger Smith Hotel. This week, spend 12 hours celebrating philosophy, shop the best in home design for a cause, enjoy the authentic Lower East Side, or let art save your soul at the Rubin Museum. You can also celebrate spring Japanese style at the Brooklyn Botanical Garden, take a selfie at Rockefeller Center, or school yourself at the Guggenheim.
All the best events here