Search Results for: times square

January 26, 2017

NYU announces $500M expansion of Downtown Brooklyn tech campus

In 2012, NYU signed a 99-year lease for the Downtown Brooklyn building at 370 Jay Street, a former MTA headquarters. Two years later, the University opened its Tandon School of Engineering in the neighborhood, and now that 5,212 students are enrolled, NYU is moving ahead with a $500 million renovation, restoration, and expansion of the Jay Street building, adding 500,000 square feet of space for areas of study such as computer coding, video game design, and digital forensics. The Daily News first shared the news, and they report that the new facility will open this coming summer, in time to welcome students for the Fall semester.
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New Developments

January 17, 2017

Department of Health says it’s okay to eat Gowanus Canal fish in moderation and kayak in the water

By Dana Schulz

The real estate community has been looking closely at Gowanus as of late thanks to rezoning plans that will likely spur high-end development and proposals for a public esplanade. To some, this waterfront vision seems a bit off due to the toxicity of the Canal and its history as a Superfund site, but naysayers may be changing their tune as a new report from the New York State Department of Health tells us that "limited direct contact with the canal's waters, through boating or fishing" doesn't increase the risk of cancer and other diseases, according to Gothamist. It's still not safe to swim in the water, but, believe it or not, men and women of certain ages can even eat some of the Canal's fish.
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Uncategorized

January 16, 2017

The pros and cons of living above a bar; own the Big Apple Circus for $500K

By Dana Schulz

You may get special privileges when you live above a bar, but you’ll likely have to deal with noise and crowds. [NYT] Divorces in NYC were down eight percent in 2016, tied to an improving economy. [NYP] The Big Apple Circus announced it was shutting down last year, but it’s now putting all of its assets up […]

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January 16, 2017

This renovated historic townhouse in Mott Haven is only $800,000

By Michelle Cohen

File this one under things you won't find in Brooklyn: This pretty, totally modernized 2,828 square-foot Queen Anne row house at 418 East 136th Street in the Bertine Block Historic District offers four bedrooms with room for more, and four stories of townhouse loveliness, all for the well-under-a-million price of $800,000. Caveats apply, of course: It’s a narrow house at only 14 feet wide, and single-family so no rental income if you live there. But The Bronx is the place to be if you’re looking for townhouse living for under a mil.
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January 15, 2017

Massive Greenpoint loft with beamed ceilings wants $4,750/month

By Emily Nonko

There are over 1,700 glorious square feet in this Greenpoint loft, now up for rent at the Pencil Factory building at 59 Kent Street. It's boasting plenty of character, too, with 12-foot ceilings topped with the original wood beams, polished concrete floors, exposed brick and massive factory windows. To live in this sprawling, dreamy loft will cost $4,750 a month.
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Distinctive Homes

January 13, 2017

Derek Jeter and A-Rod’s former home goes into contract; the strange things left in library books

By Dana Schulz

The $7.5 million West Village townhouse that was once home to Derek Jeter and A-Rod finds a buyer. [LL NYC] From old photos to a pice of bologna, the strangest things librarians have found in books. [Tin House] Six, city-owned vacant lots in Brooklyn, the Bronx and Harlem will be turned into 440 units of affordable housing. […]

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January 13, 2017

Bronx Commons will bring 305 affordable apartments and a new music venue to the South Bronx

By Dana Schulz

Not only did the Times recently name the South Bronx one of this year's hottest travel destinations, but the up-and-coming 'hood has become a hotbed for new development. Many of these include affordable housing, which is the case at Bronx Commons, a mixed-use development in the Melrose Commons neighborhood that broke ground this morning. The $160 million project includes 305 all-affordable apartments, retail, and a landscaped public plaza, all of which will be anchored by the Bronx Music Hall, a new 300-seat venue that will serve as an "arts-centered community hub focused on the deeply rooted history of cutting edge Bronx music," according to a press release from developers WHEDco and BFC Partners.
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January 9, 2017

Jared Kushner will leave role as CEO of Kushner Companies

By Diane Pham

In just 11 more days, Donald Trump will take office as the 45th President of the United States. And just as Trump is gearing up for his four-year term, his son-in-law Jared Kushner and daughter Ivanka Trump are preparing to take on major roles as well. Last week it was revealed that the pair would be moving into a six-bedroom, $5.5 million mansion in D.C., and now the New York Times reports that Kushner will step down as CEO of Kushner Companies as he transitions from real estate mogul to full-time presidential advisor.
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January 9, 2017

Manhattan real estate investor bought Donald Trump’s childhood home sight unseen for $1.4M

By Annie Doge

At the end of last month, 6sqft revealed that an anonymous New York investor had bought Donald Trump's childhood home in Jamaica Estates, Queens with plans to flip it at auction this month and turn a hefty profit. The Post has now learned that the mystery buyer--and democrat-turned Marco Rubio supporter--is Manhattan real estate mogul Michael Davis. Without ever having driven past the Tudor-style home at 85-15 Wareham Place, Davis dropped $1,390,500 on the piece of Trump ephemera, which he still plans to bring to auction next week.
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SOM reveals official rendering for American Bible Society-replacing condo-rental tower

The former American Bible Society building (L); SOM’s new design for 1865 Broadway (R)

January 6, 2017

SOM reveals official rendering for American Bible Society-replacing condo-rental tower

By Dana Schulz

In the fall of 2015, the American Bible Society moved from their long-time home at Broadway and 61st Street to Philadelphia. Their Columbus Circle/Lincoln Center headquarters was built in 1965 by architects Roy O. Allen Jr. and Donald C. Smith of Skidmore, Owings & Merrill, who created a 12-story Brutalist structure that was the first in the city constructed with load-bearing, pre-cast concrete exterior walls. But with the institution's recent departure came the sale of the building at 1865 Broadway for $300 million to AvalonBay Communities. The developer returned to the original architectural firm to create a new condo-rental tower at the site, and CityRealty has now uncovered SOM's first official rendering of what will replace their former work, which, interestingly enough, harkens back to the Brutalist aesthetic.
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January 5, 2017

NFL star Damon Harrison scores a $1.55M ritzy manor in northern Jersey

By Annie Doge

Defensive tackle Damon Harrison (aka Snacks) signed a $9.25 million/year contract with the New York Giants in March 2016, and it looks like he's decided to put some of that cash into the real estate game. The Post reports that the 28-year-old player just dropped $1.55 million on a ritzy, custom-built manor in northern New Jersey. Located in the Washington Township, about 20 miles from MetLife Stadium, the palatial, 7,080-square-foot home was custom built in 2013 and boasts glamorous (though at times a bit gaudy) details like an oversized heated driveway to melt snow, a two-story marble foyer complete with a bridal staircase and gigantic chandelier, and a double-height great room overlooked by three upstairs balconies.
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January 5, 2017

$8M Tribeca loft is artist-owned and comes with a spacious studio and sculptor neighbor

By Michelle Cohen

The interiors at this jumbo Tribeca loft are a work of art even at first glance; that's likely because the 4,223 square foot home at 173 Duane Street is currently owned by artist Merrill Steiger, who bought it in 2008 for $3.85 million. Incidentally, the two-bedroom loft co-op is also in the building where sculptor Richard Serra has lived and worked since the 1990s. Serra, who is known for his large-scale site-specific works, has at various times purchased the first, third, fourth, fifth and sixth floors of the classic early 20th-century cast iron building with his wife, Clara. The sprawling second floor apartment with a separate art studio is currently listed by Steiger for $7.95 million.
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Distinctive Homes

January 4, 2017

Norman Foster’s 50 Hudson Yards will be city’s most expensive office building at $4B

By Dana Schulz

It's been less than a month since it was revealed that starchitect Norman Foster would be designing the Related Companies' and Oxford Properties Group's 50 Hudson Yards commercial tower, but the developers have already pegged the cost of the project at $3.94 billion, which will make it the city's most expensive office building, reports The Real Deal. The 985-foot tower, where BlackRock has already signed a 20-year lease for 15 floors, will surpass One Vanderbilt's projected $3.14 billion price tag and Bjarke Ingels' planned $3 billion+ High Line tower known as The Spiral, as well as One World Trade Center's current record of $3.8 billion.
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December 27, 2016

Molekule: The first air purifier to use nano-technology to destroy indoor pollutants

By Rebecca Paul

Spending time outdoors is a beautiful thing, however, Americans on average spend 90 percent of their time indoors. What's more is that the air we breathe inside can be five times more polluted than what's outside. Indeed, indoor air can harbor everything from pollen to pet dander and dust, to more harmful things like mold, bacteria and viruses. While plenty of air filters have been designed to catch these pollutants, none of them have the ability to eliminate them—until now. Molekule is being called the first "molecular" air purifier, and it uses nano-technology to completely eliminate airborne contaminants.
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December 21, 2016

Mystery investor buys Donald Trump’s childhood home in hopes of flipping it

By Annie Doge

Hoping to cash in on Trump-mania, an anonymous New York investor scooped up the President Elect's childhood home in Jamaica Estates, Queens in the hopes of bringing it to auction next month and turning a profit. Mansion Global got the news from auctioneers Paramount Realty USA, who say the bidding will take place on January 17th. Previous reports have estimated that the six-bedroom, Tudor-style home that Trump's father Fred built could fetch up to ten times its most recent $1.2 million ask, or a whopping $10 million.
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Celebrities

December 16, 2016

Durst Organization pays $173.5M for LIC site once slated for tallest tower in Queens

By Diane Pham

Back in 2015, Property Markets Group and the Hakim Organization announced plans to erect the tallest tower outside of Manhattan in Long Island City at 29-37 41st Avenue. The residential building, then dubbed Queens Plaza Park, would rise 914 feet atop a Queens Plaza site and boast high-end condos and a projected $363.2 million sellout. However, in July 2016, the developers abandoned those plans, putting the site up for sale for an undisclosed amount. Now, as the Times reports, the Durst Organization has scooped up the site for $173.5 million and is considering going forward with the massive construction, but as a rental tower with more than 1 million square feet.
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December 13, 2016

Historic districts and landmarking: What they mean and how they could affect you

By Michelle Cohen

In New York City, where buying and selling real estate is a high-stakes endeavor, the topic of historic and landmark designation is frequently raised. There are heated discussions on the subject of listing neighborhoods or buildings on the State and National Register of Historic Places or having them designated by the city’s Landmarks Preservation Commission. It's important to know what those organizations do and the distinctions between them. You could even be eligible for significant financial aid for your renovations if you own property in an historic district.
Find out what these designations mean, how you could benefit from them and why they're sometimes controversial.

December 12, 2016

Historic 1865 Chelsea firehouse was Andy Warhol’s 1949 refuge, now renting for $33K

By Michelle Cohen

The Chelsea Firehouse at 323 West 21st Street would be an historic icon based on its origins alone, beginning in the late 19th century as an actual firehouse, built to accommodate a shiny new horse-drawn steam pumper engine (h/t Daytonian in Manhattan). The mid-Victorian era structure not only survived the ensuing decades, but in 1999, Architectural Digest featured the duplex shown here, by then one of three luxury apartments, calling it "indisputably one of a kind." In the years between, the building was home to free-spirited performers and artists, including Andy Warhol and Philip Pearlstein who sought refuge here from seedy lodgings in the East Village. The designer-renovated, uniquely-configured 4,000 square-foot duplex in this storied building is now on the rental market for $33,000.
Find out more about this iconic home

December 8, 2016

Norman Foster will design 985-foot tower at 50 Hudson Yards

By Dana Schulz

It's been 14 months since developer Related Companies bought the site of a former McDonald's at 34th Street and 10th Avenue, the final parcel needed to complete Hudson Yards. Initial reports said the site of 50 Hudson Yards would hold a 62-story, 1,000+ foot commercial tower, but Related and Oxford Properties Group have now revealed that the structure will rise 58 stories and 985 feet and be designed by starchitect Norman Foster. As first reported by Curbed, the news comes on the heels of BlackRock's decision to sign a 20-year lease for 15 floors, or 850,000 square feet, in the building, leaving their long-time Park Avenue home in a show of confidence in the mega-complex.
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December 6, 2016

Iconic JFK Terminal begins its life as the ‘TWA Hotel’ with new signage

By Dana Schulz

After sitting vacant at JFK Airport for 14 years as a vestige of jet-age architecture, Eero Saarinen's iconic 1962 TWA Flight Terminal received a new life in the summer of 2015 when it was announced that the neo-futurist structure would be reborn as a high-end hotel. MCR Development teamed up with JetBlue and the Port Authority to develop a "505-room LEED-certified hotel with restaurants, 40,000 square feet of meeting space and a 10,000-square-foot observation deck," as 6sqft previously described. Initial reports referred to the project as the "TWA Flight Center Hotel," but the Times now confirms that it'll simply be the "TWA Hotel." And with construction four months in, Curbed noticed that signage for the hotel has gone up, preserving the airline's logo and font.
See the sign ahead

November 30, 2016

The 15 best NYC holiday markets and indie pop-up shops

By Michelle Cohen

December's first days bring a dazzling parade of holiday gift markets all vying for the opportunity to find new homes for a bounty of goodies and crafty gifts. We're all familiar with the big NYC markets at Bryant Park and Union Square, but some of the best finds—and the most fun—can be found at smaller, cooler pop-ups and neighborhood markets. Some are only around for a weekend, others for the whole month or longer. In addition to locally-made jewelry and crafts, vintage finds, artfully curated fashions, home items and other things we didn't know we needed, these hip retail outposts sparkle with drinks, food, workshops, tarot readings, nail art, music, and family fun to keep shoppers' spirits bright.
Find out where to get the goods

November 29, 2016

$9M for a live/work Soho loft designed by a world-renowned photographer

By Emily Nonko

The days of artists sneakily living in lofts not zoned for residential living are mostly over, but there's still this live/work loft in Soho at 145 Sixth Avenue. The apartment, says the listing, is a "commercially-zoned corner condominium... in a discreet, converted 1900s column-and-beam loft building." (Previously, it looks like the loft was home to the New York jewelry boutique Talavera.) For nearly $8 million you can have your own commercial space tacked onto this well-designed apartment, which the listing promises was envisioned by an unnamed, famous photographer.
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Distinctive Homes

November 28, 2016

Taxpayers could be footing $3M annual bill to move Secret Service into Trump Tower

By Michelle Cohen

Plans are underway to turn what the New York Times calls “White House North” into an armed bunker as the president-elect’s family defers D.C.. As 6sqft reported last week, Donald Trump has said he'd like his family to remain in Trump Tower, though the gilded Fifth Avenue fortress that Trump, wife Melania and son Barron call home is particularly difficult to secure. The round-the-clock protection the family has been receiving from the NYPD has come at a cost to the city of over $1 million a day. Now, the New York Post reports that the Secret Service is in talks with the Trump Organization over plans to occupy two floors of the 68-story tower. It's standard policy for the federal agency to provide full protection for every president at their various homes–it cost around $2 million a year for the U.S. Coast Guard to protect George H. W. Bush’s estate in Kennebunkport, Maine during his presidency, for example. But in this instance taxpayers would be paying the incoming president's own company for the space in a lease deal which could cost more than $3 million a year.
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Celebrities

November 21, 2016

This $649K co-op has pre-war charm, East Midtown convenience and room to grow

By Michelle Cohen

How much you love the location of this surprisingly-spacious-for-six-figures co-op at 155 East 49th Street just north of Turtle Bay in East Midtown might just depend on how much you like skyscrapers. Because though the spot is convenient to everything from MoMA and shopping to Grand Central Station and the subway, there are tall towers in every direction and many more, even taller, on the way. But this 10-story co-op does a pretty good job making the case for classic brick amid towers of glass and steel.
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Distinctive Homes

New York’s dirty little secret: The apartment kitchen

Model of tenement kitchen via the Tenement Museum

November 14, 2016

New York’s dirty little secret: The apartment kitchen

By Cait Etherington

Unlike the warm and welcoming kitchens found in many U.S. cities, in New York, kitchens are more likely to be dark and dank hallways or neglected corners crammed with miniature appliances than actual rooms. In many New York apartments, kitchens don’t even merit their own room but take the form of what is commonly described on listings sites as the “open concept living/kitchen area” (a feature welcomed only by those who don’t use their kitchen or have no qualms about grilling a steak just inches away from their sofa). Worse yet, New York kitchens not only frequently merge with living rooms but also other parts of the home. In many old tenements, bathtubs and showers can be found in the kitchen too.
more on the history of the NYC kitchen

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