Search Results for: times square

Off the avenue: Is Park Avenue losing its edge in the office market?
August 22, 2016

Off the avenue: Is Park Avenue losing its edge in the office market?

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Park Avenue has for decades been the office district of choice for many of the city's high-profile–and high-rent–corporations. But a recent Crain's article points to impending departures–such as the decision of investment firm Black Rock to decamp for new space in Hudson Yards or the World Trade Center, raising the question of whether the avenue's biggest office zone, from East 45th to East 59th streets, is falling out of favor with big-ticket business tenants. The city's office market is, without a doubt, changing. Industries like tech are growing and the financial industry is consolidating and in some cases downsizing its office space. The neighborhood, which charges the city's highest average rents, has been slow to catch up with the needs of new office tenants.
People moving out, people moving in
John Legend and Chrissy Teigen sell stylish Nolita pad for $4M
August 19, 2016

John Legend and Chrissy Teigen sell stylish Nolita pad for $4M

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It's been 16 months since John Legend and Chrissy Teigen listed their uber-stylish Nolita loft for $4.5 million, and four months since they welcomed their baby daughter Luna into the world, and now the power couple is free to find a new family-friendly home as the Observer reports that their apartment has sold for $3.995 million. The couple purchased the apartment in 2012 for $2.5 million after selling their East Village condo at 52 East 4th Street for $2.7 million. They enlisted Don Stewart of Los Angeles–based firm Desiderata Design to complete the "dark, moody atmosphere," which is an attractive combo of cozy, industrial, and eclectic. Some of the unique design elements, in addition to the requisite piano nook, are a reclaimed wood wall, an Asian-inspired green silk bed spread, and a 19th century gilded leather screen on a bedroom wall.
Ogle more this way
City Says Yes to Bronx Complex, No to Flatiron Site for Affordable Housing Plan
August 16, 2016

City Says Yes to Bronx Complex, No to Flatiron Site for Affordable Housing Plan

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The New York City Planning Commission has voted to approve a boutique condominium project on Manhattan's west side without the mayor's new Mandatory Inclusionary Housing plan in place, the New York Times reports; a much larger development in the Bronx also got the green light, and will be among the first to be included in the new affordable housing program. 6sqft reported previously on the controversy over whether a 17-story condominium slated to replace a parking lot and two low rise buildings at 6th Avenue at West 18th should be among the first recipients of the mayor’s new mandatory inclusionary housing (M.I.H.) program. Both the city and the project's developers, Acuity Capital Partners, made the argument that the proposed project is “more of a rejiggering of the zoning than an enlargement,” and therefore does not fall under the M.I.H. rules.
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27,000 Tons of Floating Concrete and Fabulous Feats of Engineering Make Pier 57 Peerless
August 8, 2016

27,000 Tons of Floating Concrete and Fabulous Feats of Engineering Make Pier 57 Peerless

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In the summer of 1952, when the American economy was emerging with a roar from the stagnation of the Great Depression and World War II, engineer Emil H. Praeger was chosen to create a replacement for the Grace Line’s old Pier 57 which had been destroyed by fire. Described by the New York Times, the key to what makes the resulting replacement pier so special lies hidden below the pier shed in the Hudson River at the foot of West 15th Street; Rather than resting on a conventional pile field, the bulk of its weight is held up by three floating concrete boxes known as caissons, which are permanently anchored underwater. The unique foundation of the abandoned pier is the same foundation that will host a $350 million renovation of what is being called the SuperPier by RXR Realty and Youngwoo and Associates, thanks to a lease from the Hudson River Park Trust, with new tenants to include Google offices and Anthony Bourdain's new food market.
Find out more about how enormous blocks of concrete can float
POLL: Have You Noticed Overcrowding in City Parks?
August 3, 2016

POLL: Have You Noticed Overcrowding in City Parks?

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One day in May last year, Washington Square Park had 54,000 visitors, more than enough to fill Yankee Stadium. Annual attendance at the High Line more than tripled to 7.6 million visitors last year from two million in 2010. And Central Park expects to break records this year with 42 million visits. These statistics come from a New York Times article today that looks at how "more people than ever are jamming into the city’s public parks, pools and beaches, filling the most popular ones to bursting, creating noise and trash problems and making the experience altogether less enjoyable for those looking for a bit of serenity." This overcrowding has led the city to spend $6 million this year hiring an additional 500 seasonal workers. They're also extending beach and pool seasons past Labor Day and implementing more free programs like outdoor movies and yoga classes.
Have you noticed the overcrowding?
Find Prewar Manhattan Glamor in Modern Midtown for $10K a Month
August 3, 2016

Find Prewar Manhattan Glamor in Modern Midtown for $10K a Month

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For old-world Manhattan living it would be hard to argue with the Parc Vendome, from its award-winning formal English tea gardens to graciously-configured apartments—like this 2,000 square-foot, two-bed-plus-office beauty—with wood-burning fireplaces, entry galleries and capacious closets. Built in 1931, the elegant two-building complex at 333 West 56th Street was converted to condominium apartments in 1983. In addition to space and charm and a fortunate location blocks from both Lincoln Center and Central Park, you'll have an impossibly lovely south-facing private terrace and open city views, all for $10K a month (gas and electric are included).
Get a closer look
Drivers Wanted (Again) for This $4.5M Soho ‘Ferrari’ Bachelor Pad
July 29, 2016

Drivers Wanted (Again) for This $4.5M Soho ‘Ferrari’ Bachelor Pad

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Anchoring a Soho building that began life as a horse stable for the fire department, this two-story live/work space at 554 Broome Street, just listed for $4.5 million, has quite a few stories to tell–though by now they may be familiar ones, as this instantly-recognizable property is no stranger to the market. First, there's the story of the late Italian count, prince and duke who was also the relative of two popes, a Ferrari dealer, avid car collector, and playboy. Roffredo Gaetani (full name: Roffredo Gaetani di Laurenzana dell’Aquila d’Aragona Lovatelli) was also frequent gossip column fodder in the 1990s because he and Ivana Trump (Donald's first wife) were a high-profile item for a time. Gaetani died in a car crash in 2005, and his estate sold the racy pad to then-bachelor brothers Arash and Daniel Gohari, who are known for the far less gossip-worthy founding of the Xerxes Group real estate investment company.
If these walls could talk...
Maya Angelou’s Historic Harlem Brownstone Finds a Buyer for $4M
July 26, 2016

Maya Angelou’s Historic Harlem Brownstone Finds a Buyer for $4M

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The historic Harlem brownstone of author, poet, and civil rights activist Maya Angelou listed for $5.1 million in February, and after a drop to $4.95 million in March, it's now found a buyer for a reduced price of $4 million, The Real Deal tells us. Dr. Angelou purchased the four-story home, built in 1909 in the Mount Morris Park Historic District, sight unseen in 2002 to serve as her northeast residence when she wasn't teaching at Wake Forest University in North Carolina. But she didn't move in until 2004 (vandals had turned it into a "dilapidated shell"), when East Harlem-based architect Marc Anderson had completed a gut renovation that added contemporary amenities such as an elevator, two skylights, and a basement entertainment area, while retaining historic details like the original oak-front door, wainscoting, carved banister, and decorative fireplaces.
See it all
MoMA Has Already Raised $650M for Renovation and Expansion, And More Is Coming

Rendering of MoMA renovation Via Diller Scofidio + Renfro

July 20, 2016

MoMA Has Already Raised $650M for Renovation and Expansion, And More Is Coming

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Just this week, it came to light that the Metropolitan Museum of Art may lay off as many as 100 employees as part of efforts to cut its $30 million deficit. As the New York Times previously explored, the struggling state of the Met exemplifies a shift in the art world towards modern and contemporary art. And standing as a true testament to this is MoMA's current financial status. The midtown museum has already raised $650 million towards its fundraising campaign, far exceeding the $450 million needed for its planned renovation and addition of three new gallery floors. In addition, they'll also sell $280 million of tax-exempt bonds "to raise money for the project and refinance debt as borrowing costs drop to the lowest on record," reports Crain's.
More details ahead
Huge Tax Disparities Along Central Park Become Visuals in Architectural Art Installation

“Section 581” by SITU Studio, Photograph by Patrick Mandeville

July 18, 2016

Huge Tax Disparities Along Central Park Become Visuals in Architectural Art Installation

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"Section 581" by SITU Studio, Photograph by Patrick Mandeville Billionaires get off nearly tax-free and billions go uncollected due to flaws in the way the city assesses property value. As part of a new exhibit at the Storefront for Art and Architecture in Soho, interdisciplinary architecture firm SITU Studio created visual representations of these inequities in one of their most glaring examples: the buildings along Central Park. New York City's property tax structure assigns higher real property taxes to renters than it does to the infamous absentee owners of the trophy condos on Billionaires’ Row, short-changing the city of millions in annual revenue, according to CityLab. The acrylic bands in the SITU models show the disparity between the taxed value of these properties and the sky-high amounts they’d actually sell for.
Find out how the state law is giving billionaires a free lunch
Get Your Grill On: Rules, Tips, and Products for Indoor and Outdoor Barbecuing in NYC

6sqft’s ongoing series Apartment Living 101 is aimed at helping New Yorkers navigate the challenges of creating a happy home in the big city. This week, we provide a comprehensive guide to indoor and outdoor grilling in NYC.

July 13, 2016

Get Your Grill On: Rules, Tips, and Products for Indoor and Outdoor Barbecuing in NYC

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Nothing says summer like a perfectly charred burger or buttery ear of corn, but for many New Yorkers these warm-weather goodies are reserved for weekend jaunts to the suburbs or sub-par restaurant versions. If you want to get in on the grilling action without leaving the boroughs, there are plenty of options to barbecue both outside and in. It'll just require a little insider knowledge of the city's rules and regulations, so to help in the process, 6sqft has done the research, as well as put together handy tips and some of the best products.
Things are heating up right this way
LPC Approves Faux-Classical Mansion on Notorious UES Site of Blown Up Townhouse
July 12, 2016

LPC Approves Faux-Classical Mansion on Notorious UES Site of Blown Up Townhouse

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Ghoulish history be damned, the Woodbine Company has just received tentative design approvals from the Landmarks Preservation Commission to build a single-family, faux-classical mansion upon the parcel where Dr. Nicholas Bartha blew up his townhouse ten years ago. The now vacant 20' x 100' parcel once held the home of Dr. Bartha who purposely tampered with a gas line to destroy the five-floor mansion to punish his ex-wife for divorcing him and having the court rule that he had to sell the house as part of the settlement. The doctor vowed in an e-mail, "I will leave the house only if I am dead," and on July 10, 2006, set off an explosion which shook the typically quiet Upper East Side block. Only the doctor was inside during the time of the explosion and he succumbed to his injuries five days afterwards.
More on what’s coming to the infamous site
One of Only Three East Coast Joseph Eichler Homes Is Selling for $490K
June 24, 2016

One of Only Three East Coast Joseph Eichler Homes Is Selling for $490K

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The listing says this undeniably out-of-the-ordinary home at 130 Grotke Road in a wooded Rockland County, NY community is "Not for everyone except you!" Which means Eichler fans and modern house lovers will want to take note: This could be your chance to scoop up a modern classic for half the price of its California counterparts. 6sqft previously featured the rare trio of East Coast Eichlers and the story of their rise to popularity during the dawn of the American suburban heyday—and plans to expand to the East Coast starting with three homes in the quiet community of Chestnut Ridge. Inevitably weather conditions and other factors led to a decision to return the focus to the West, but those three homes have not only endured—they have encouraged a community of modern architecture lovers to grow around them. One of those three homes—a four-plus-bedroom, 2,000-square-foot 1962 slate grey beauty—is now on the market for $489,900.
Tour this unique modernist gem
City Will Allow Landlords to Convert Lower Manhattan Public Spaces to Retail
June 22, 2016

City Will Allow Landlords to Convert Lower Manhattan Public Spaces to Retail

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6sqft recently covered the controversial proposal by the Alliance for Downtown New York (ADNY), the Department of City Planning (DCP), and the New York City Economic Development Corporation (EDC), to change zoning laws to allow property owners in the Water Street Subdistrict of lower Manhattan–at One New York Plaza, for example–to bring in retail tenants like restaurants and clothing stores in exchange for making improvements and upgrades to the public plazas and arcades adjacent to their buildings. Crains reports that the City Council passed a bill Tuesday that would allow the Financial District landlords to convert the public corridors in front of 20 buildings in the Water Street corridor to retail shops. The public corridors, which cover ten blocks, were created when the Water Street buildings that abut them were built. Building developers agreed to create the public arcades and walkways in exchange for more buildable square footage.
Read more
My 1200sqft: Inside Summer Rayne Oakes’ Williamsburg Oasis Filled With 500+ Plants

Our ongoing series “My sqft” checks out the homes of 6sqft’s friends, family and fellow New Yorkers across all the boroughs. Our latest interior adventure brings us to Summer Rayne Oakes’ plant-filled Williamsburg loft. Want to see your home featured here? Get in touch!

June 21, 2016

My 1200sqft: Inside Summer Rayne Oakes’ Williamsburg Oasis Filled With 500+ Plants

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As far as multi-hyphenate models go, Summer Rayne Oakes may be the most impressive we've come across. More than being a cover beauty, Summer is also a writer, businesswoman, activist, chef (she's working on her first cookbook), and an ecologist by training (she graduated from Cornell with degrees in Environmental Science and Entomology). Unsurprisingly, this overachiever's multifaceted talents touch ever corner of her life, including the space she's called home for the past 11 years. On the top floor of an unassuming Williamsburg building is a 1200-square-foot loft that's been transformed into a veritable jungle with over 500 plants (and 150 species) and a handful of exotic insects, including African millipedes and Madagascar hissing cockroaches (they're confined to a terrarium, if you're wondering). While her home at first glance appears to be dominated by plants, Summer's space is also decorated with dreamy touches, carefully curated vignettes, and furniture she's built with her father using wood found on the street. Ahead Summer takes us through her unique loft and gives us some insight into the work she's done, her perspective on her changing neighborhood, as well as some tips for raising plants in the city.
Inside Summer's unbelievable home this way
Donald Trump’s Secret ‘Public’ Gardens Gave Him Extra Height at Trump Tower
June 20, 2016

Donald Trump’s Secret ‘Public’ Gardens Gave Him Extra Height at Trump Tower

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In light of his media-circus presidential campaign, there seems to be endless exposes about Donald Trump's past real estate drama. From his failed attempt to own the Empire State Building to a lost battle with China over two bi-coastal skyscrapers, the Donald's development empire has very often skirted the rules. The latest saga dates back to 1979, when, as Crain's uncovers, Trump struck a deal with the city for a zoning variance to build an extra 200,000 square feet, or 20 stories, at Trump Tower. In return, he agreed to create a public atrium, as well as 15,000 square feet of public gardens. But these gardens, which yielded almost all of the 244,000 square feet of office and residential space that Trump still owns in the tower (worth roughly $530 million), are hidden, hard to access, and not maintained.
The full story, right this way
Chelsea Townhouse Has Lots of Wood, Brick and Sunshine and a Leafy Garden for $18K/Month
June 20, 2016

Chelsea Townhouse Has Lots of Wood, Brick and Sunshine and a Leafy Garden for $18K/Month

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The term used in the listing to describe this renovated four-bedroom townhouse in the residential midst of bustling Chelsea is "intelligently modernized," and it fits. The 3,600-square-foot townhouse at 240 West 21st Street, built in 1840, has, like most of its kind, a long and storied history; constructed as a family home (in this case for the well-to-do Hanks family) it saw generations of residents through the best and worst of times. But unlike some, this particular residence has emerged once more as a spacious and comfortable single-family home with more perks than quirks and is now on the rental market for $18,000 a month. Summer is a fine time to enjoy its sun-dappled leafy back yard and private upper deck. A hip loft-style kitchen and lots of brick set the interiors apart from some of its historic counterparts, and a slightly unusual layout means the living room is in the back–where the sunshine is.
Check out the rest of the house
After 14 Months, Demi Moore Reduces Price of San Remo Penthouse by $16M
June 16, 2016

After 14 Months, Demi Moore Reduces Price of San Remo Penthouse by $16M

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Last April, Demi Moore listed her triplex penthouse at celeb-favorite the San Remo for a jaw-dropping $75 million. She bought the 7,000-square-foot, 17-room Central Park West residence in 1990 with ex-husband Bruce Willis and then proceeded to update it in a "Southwestern Mission motif dominated by cherry wood." But after 14 months on the market, The Real Deal reports that the actress has slashed the asking price by $16 million, bringing it down to $59 million.
Take a look around
Get Rid of Mosquitoes and Stop Bites This Summer With These Simple Tips
June 13, 2016

Get Rid of Mosquitoes and Stop Bites This Summer With These Simple Tips

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6sqft’s series Apartment Living 101 is aimed at helping New Yorkers navigate the challenges of creating a happy home in the big city. This week we’ve rounded up tips on how to get rid of and deal with mosquitoes this summer.  New York's hot and humid summers bring all sorts of agony, but the bites of unrelenting mosquitoes may be the worst of all. While in past years these buzzers haven't been much more than a itchy nuisance, this year, the Zika virus has everyone on high alert. In February, the World Health Organization declared the virus a threat to public health across the globe. To date, no vaccine exists. As of June 8th, there have been 133 cases of Zika reported in NYC. However, the species of mosquito spreading Zika (the Aedes aegypti) has not yet been spotted in the city and all cases caught the virus while abroad. Nonetheless, with a potential threat looming, the city has launched a campaign to get New Yorkers to do their part, which includes tips on how to prevent the mosquito population from propagating. Ahead we'll cover some of the same ground, on top of other tips to keep mosquitoes from entering your home and attacking your body—because any way you look at it, mosquito bites are no fun!
What you can do, this way
$19.75M for the Former Gramercy Home of the Catholic Sisters of the Immaculate Heart
June 8, 2016

$19.75M for the Former Gramercy Home of the Catholic Sisters of the Immaculate Heart

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Yet another religious property has hit the market, although this is no typical church. These two townhouses, at 238 East 15th Street in Gramercy, have long served as the home for the Catholic Sisters of the Immaculate Heart. The sisters bought the first townhouse in 1948 and the second in 1952, combining them with a doorway on each floor. In the years that followed, according to the NY Times, hundreds of the sisters of the Immaculati Cordis Mariae (which began in Belgian) have passed through, decorating the townhouse interiors with souvenirs from missions around the world. Only one sister now lives in the 15,600-square-foot property, which has just hit the market for nearly $20 million.
See the interior
Art-Deco Masterpiece 70 Pine Street Opens, Offering Two Months Free Rent
June 5, 2016

Art-Deco Masterpiece 70 Pine Street Opens, Offering Two Months Free Rent

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It's not everyday that one has the chance to live in one of the world's finest skyscrapers. Details of The Pinnacle at The Woolworth Tower Residences have yet to be revealed, but for those of us still saving to buy a piece of history, the rentals at 70 Pine Street await. Soaring to a cloud-popping height of 66 stories and 952 feet, the building is essentially downtown's Empire State Building and was the world's third tallest building upon completion in 1932. Designed by Clinton & Russell, Holton & George for the utilities conglomerate Cities Service company (later known as CITGO), the tower was sold to the American International Group (AIG) in 1976, where they held their offices until the last recession. Breathing new life into the landmarked building, Rose Associates is re-conceiving the commercial icon into 644 rental apartments, a 137-room extended stay hotel, and 35,000 square feet of retail space. And for a limited time, Rose is offering two months free rent or one month free rent and paid broker's fee for newly-signed leases. The homes are divided into the city, tower, and penthouse collections and as we await construction to fully wrap up, 17 apartments are currently available throughout its mid-level city collection floors.
Find out more this way
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