Search Results for: times square

Will Bill Ackman Be Able to Pull off a $90M Condo Flip at One57?

One57 and the view from the $90 million penthouse

October 28, 2014

Will Bill Ackman Be Able to Pull off a $90M Condo Flip at One57?

It's true that One57′s first flip saw a $3.5 million profit in just five months, but that unit sold for $34 million the second time around. A selling price of more than $90 million is a different story--and that's exactly what hedge fund manager William (Bill) Ackman is hoping to achieve. In a profile in the Times on Sunday, Ackman was revealed as the buyer of the $90 million penthouse at the luxury building, which is sure to see its share of flips. But he also shared that he has no intention of ever living in the apartment. He'll stay with his wife and daughters at their current home in the Beresford and use the penthouse as a "fun" investment opportunity for himself and some good friends, perhaps hosting a few parties there in the meantime.
More on the planned flip here

Real Estate Trends

October 27, 2014

Lights, Camera, Annoyance: Why NYC Is the New Hollywood and Not Everyone’s Happy About It

By Michelle Cohen

Film crews on your block: Yet another thing New Yorkers love to hate, whether it’s a case of grumble-brag or a genuine inconvenience. Some people love the opportunity to watch their favorite shows being made (and maybe get a peek at their favorite stars) and argue that it boosts the local economy. Others give the whole gig a big two thumbs down.
Find out who’s filming, where and when–and how you can make the most of it.

New Yorker Spotlight: Scott Liroff Sheds Light on His Century-Old Family-Run Business, City Knickerbocker

Scott with his father

October 24, 2014

New Yorker Spotlight: Scott Liroff Sheds Light on His Century-Old Family-Run Business, City Knickerbocker

By Susan Cohen

Tucked away on the second floor of a building on 11th Avenue and 48th street is City Knickerbocker, Inc., a small lighting business with a long history. Founded in 1906 founded by Adolph Liroff, a Russian immigrant whose trade was converting gasoliers and sconces to electric lamps, this business has lasted for four generations. Today, Scott Liroff, Adolph's great-grandson, proudly carries on the family tradition serving as City Knickerbocker's Vice President. To appreciate Scott's role in both his family and the business, one needs to go back over one hundred years to Brooklyn in the early 20th century. When Adolph's Brooklyn-based business took off, he headed to the city and rented a space on 42nd Street between 8th and 9th Avenues. After the Metropolitan Opera rented his light fixtures, Broadway started calling to rent lights too. As early as 1912-1913 City Knickerbocker's primary source of business was rentals. When Adolph's son, Seymour, took over the business in the 1950s, the store provided lighting for shows including The Ed Sullivan Show and The Milton Berle Show. 6sqft recently spoke with Scott to learn about City Knickerbocker and what it means to carry on a legacy in New York.
Read the en-light-ening interview here

October 23, 2014

Carmelo and LaLa Anthony Check Out a $15M Chelsea Penthouse

By Annie Doge

Things must be looking up for Knicks hoopster Carmelo Anthony and his wife LaLa, because they were reportedly seen checking out a $15 million duplex penthouse at the Chelsea Enclave, 177 Ninth Avenue. The sometimes-troubled couple was last seen touring a $29,000 a month rental at 1212 Fifth Avenue, but it seems now they'd prefer to buy. Located on the transparent top two floors of the Chelsea Enclave, their latest real estate contender has four bedrooms, 3,452 square feet of indoor space, and 2,640 square feet of outdoor space spread across two terraces.
READ MORE

October 21, 2014

Daily Link Fix: Photo Shoot at Philip Johnson’s Glass House; The Knicks are More Popular Than the Yankees

By Dana Schulz

J.Crew does a photo shoot at Philip Johnson’s iconic Glass House. “Clean-lined modern architecture meets tailored coats and cozy sweaters,” says the fashion brand. The Knicks are more popular than the Yankees in New York City. And DNAinfo has the map to prove it. The Village Voice’s “Best of NYC” issue is out. Categories include […]

Uncategorized

New Woolworth Building Listing Reveals Additional Residential Details

Rendering of unit 31A terrace

October 16, 2014

New Woolworth Building Listing Reveals Additional Residential Details

By Dana Schulz

First came the floorplans for the $110 million penthouse, then the first set of interior renderings, and now we have a new sneak peak inside the highly anticipated Woolworth Tower Residences. The Post has profiled unit 31A, a four-bedroom, full-floor unit on the market for $26.4 million. And along with a written description--"a kitchen with all the modern conveniences, a massive formal dining room, hidden bars, a library and...two terraces to enjoy the view from 31 stories up"-- come two new renderings, those of the terrace and the kitchen.
More details ahead

New Developments

October 14, 2014

Spacious Penthouse Loft in Soho Designed as an Escape from City Noise

By Rebecca Paul

New York City is a constant flow of sights and sounds, and with all of the buildings and people it can sometimes feel cramped. One of the best parts of loft-living in NYC is the openness these spaces provide amid the claustrophobic surroundings. This quintessential penthouse loft takes spacious living to the next level with its sprawling living area featuring 13-foot pressed-tin ceilings and an enormous skylight that dramatically crowns the open living/dining room. Located at 75 Grand Street atop of a 19th century terracotta-detailed building in historic Soho, this loft has clean modern lines, brilliant light and authentic architectural details throughout.
READ MORE

Distinctive Homes

October 13, 2014

Holiday Field Trip: Where to Find Christopher Columbus in NYC

By Dana Schulz

It's easy to forget that Columbus Day is more than just a day off from work (which we're not complaining about), but rather a holiday celebrating Christopher Columbus' arrival in the Americas on October 12, 1942. But if you need reminding, look no further than these memorials scattered around New York City.
Take a tour of where to find Christopher Columbus monuments in NYC

October 13, 2014

Condos at Bruce Eichner’s Glassy Flatiron Tower Will Be Priced Up to $42.5 Million

By Diane Pham

It’s going to cost you at least $2.5 million to live at 45 East 22nd Street. In a recent profile on the up-and-coming building, the Times revealed pricing and some juicy details about what’s planned for glassy tower. One-bedrooms averaging 1,074 square feet will be going for 2.5 mill, while the penthouse may go for as much as […]

<b>Sukkot Architecture: New York City’s Sukkahs Come in All Shapes, Sizes, and Locations</b>

Photo © Paul Clemence

October 9, 2014

Sukkot Architecture: New York City’s Sukkahs Come in All Shapes, Sizes, and Locations

By Susan Cohen

The Jewish holiday Sukkot, which began on Wednesday evening, has architecture, construction, and design built into the festival. To observe the holiday, Jews around the world build and decorate temporary "booths" known as sukkahs, and spend Sukkot's eight days eating meals with friends and family inside them. Depending on one's level of observance, some individuals sleep in them as well. When it comes to sukkahs in New York, where backyards are few and far between, institutions and individuals take advantage of the space available to them. This includes having sukkahs in parks or courtyards, on roofs and balconies, and even on the sidewalk dining area of a restaurant. We wanted to highlight a few of the city's sukkahs with particular interest to either their location, design, or both.
See sukkahs we've spotted around the city

October 2, 2014

Living in the Clouds: 50 New York Residential Towers Poised to Scrape the Sky (Part I)

By Ondel Hylton

It seems like every week a new residential skyscraper is being announced in New York City, just earlier this week the New York Times noted that a partnership between Steven Witkoff and Harry Macklowe is moving ahead with a redevelopment of the Park Lane Hotel at 36 Central Park West with an 850-foot tower. With the mind-boggling amount of residential spires poised to pierce the sky, here's a quick rundown of the tallest of the tall--the spindly bunch set to soar higher than 700 feet. Keep in mind that just 30 years ago, the tallest residence in the city was perched atop the 664-foot Trump Tower. Today, buildings are on the drawing board for more than twice that height.
See our list of the 26 tallest towers

October 2, 2014

Daily Link Fix: Amazing Cartoon Map Tablecloth from 1950s; See How Subway Cars Are Built

By Alyssa Alimurung

You never step foot in a fast food joint (right? RIGHT?!), but for those times when it’s an emergency and you need that greasy, fried goodness I Quant NY reported on the cleanest fast food chain in the city, so you can at least eat some grub that wasn’t dropped on the floor first. Continuing on our food […]

Food & Dining

October 2, 2014

Historic Henderson Place Townhouse Asks $7.5 Million

By Aisha Carter

Oh, how the times change. In the late 19th century, developer John C. Henderson began constructing an enclave of townhouses, designed by architectural firm Lamb & Rich, and intended for “persons of moderate means”. Today, one of those Yorkville homes is available for rent, asking $25,900 per month… or if you’d like to purchase it outright, $7.495 million. If you’re looking for remnants of 146 East End Avenue’s low-income housing past, you’re in for a disappointment. The result of a “painstaking” two-year gut renovation, this desirable dwelling only speaks the language of luxury. However, if there’s any city that knows how to preserve its history while providing modern amenities, it’s New York. The final result is a beautifully updated home that pays homage to its honorable past.
Take a look inside this historic home, here

Distinctive Homes

September 26, 2014

Real Estate Wire: A Look Inside the Woolworth Condos; Another Tall Residential Tower for DoBro

By Diane Pham

A first glimpse inside the new Woolworth condos. [NYT] The penthouses at Tribeca’s Seven Harrison have hit the market. [CityRealty] This block near the final section of the High Line is real estate gold. [TRD] Downtown Brooklyn’s skyline is a getting another tall residential tower. This one will rise 65 stories at 420 Albee Square. [Brownstoner] […]

Real Estate Trends

September 23, 2014

City Kids: Why Parents Pick City Living Over the Suburbs

By Michelle Cohen

The 'American Dream' may have dominated the last few decades, causing a mass exodus to the suburbs, but today's families are reversing the trend and turning their attention back to the city. The reasons are many: An appreciation for cultural offerings, the camaraderie and creative cross-pollination of networks of colleagues, friends and family, the convenience of being able to walk or bike to school, work or child care without a long commute—just to name a few. New York City has always been a haven for the forward-thinking, albeit a challenging one. And its newly-”discovered” outer boroughs as well as an unprecedentedly low crime rate have made the city a prime choice for family living. But what is it about those city kids—the ones with parents who planned from the start to raise their kids in a non-stop urban environment? We interrupted the busy schedules of five families currently raising school-age (or soon-to-be) children in New York City's many diverse and multifaceted neighborhoods to get some insight about why they wouldn’t have it any other way.
Hear what five parents of city kids have to say

September 22, 2014

Goldilocks Blocks: (Far) East 7th Street in Alphabet City

By Michelle Cohen

Between hyper-developed hotspots, main drags in up-and-comers, big-ticket townhouse enclaves, and those genuinely avoidable areas, there can often be found a city's "just-right" zones. Free from corner menace, sticker shock and boom-time developer schlock, these special spots often span only a few blocks in each direction and are close enough to the center of their 'cool destination' nabes to legitimately bear their names. They aren't commonly known, and are best found by pounding the pavement, but these micro-neighborhoods often hide within them real estate gems coupled with perfectly offbeat vibes—you just have to be willing to do a little legwork. But when you do find them, don’t sleep on them... Winners like the Columbia Street Waterfront District were once Goldilocks blocks. Today we'll look at a unique 7th Street stretch hidden in Alphabet City.
Find out what makes this Alphabet City block so special.

September 22, 2014

REVEALED: Penthouse Floorplans for Jean Nouvel’s MoMA Tower

By Dana Schulz

Just last week, we announced that the Jean Nouvel-designed MoMA residential tower was finally moving forward, after the purchase of $85 million in air rights and with a new construction loan of $860 million. Now, The Real Deal has obtained penthouse floorplans for the 82-story tower, and they are nothing to sneeze at.
Check out the floorplans and dream about living in a Nouvel-approved penthouse

September 18, 2014

Glass vs. Stone: An Epic Architecture Battle

By Dana Schulz

Decisions, decisions...sometimes there's just far too many in New York City. Thai or Chinese takeout? Subway or bus? Central Park or the High Line? The list goes on. And one of the most grueling decisions we make as New Yorkers is where to live. From choosing a borough and neighborhood to deciding on a price point, it's quite the undertaking. But what about the most elementary component of the building in which we decide to live--it's material. To be more exact, glass or stone. Glass tower dwellers are often drawn to the floor-to-ceiling windows, panoramic views, and clean lines, whereas buyers of apartments in stone buildings prefer a more traditional feel, with pre-war-style layouts that provide great separation of spaces. And some of the city's most prominent architects have become synonymous with one style or the other. Think Richard Meier for glass and Robert A.M. Stern for stone. CityRealty decided to take a closer look at this epic battle and see how pairs of glass and stone developments fared across the city.
See how these buildings battle it out

September 18, 2014

Will a New Waldorf School at Ben Shaoul’s Bloom 62 Attract Spendy Families?

By Diane Pham

Back in 2012, when Magnum Real Estate's Ben Shaoul announced plans to turn the Cabrini nursing home in the East Village into condos, more than a handful of "Sledgehammer Shaoul" flags went up in protest. Plans moved ahead despite public outcry, and now more than two years later, the former nursing home has transformed into a luxury residential building called Bloom 62. Although not much has been done to dress up the exterior, the 26-unit condo is no slouch and boasts a number of enviable luxuries, including a landscaped roof deck and gym. But Bloom 62's most valuable amenity may be what sits on its ground floor: a school.
More on the benefits to be reaped here

September 17, 2014

Sunset Park: How Creativity and Commerce are Transforming This Waterfront Neighborhood

By Michelle Cohen

With plans in place that call for a public waterfront bustling with creative industry and commerce rather than luxury residential developments, Sunset Park is not on its way to becoming the next hip NYC residential neighborhood–and that’s a good thing. Located on Brooklyn's western waterfront flank, there are really two sides to Sunset Park. The neighborhood, generally defined as the area between 65th Street, the Prospect Expressway, Eighth Avenue and the East River, has long been a thriving residential community. Sunset Park is also home to about 15 million square feet of warehouse and light industrial space. The key to the neighborhood’s future may be the point at which the two meet.
Find Out How Fashion May Give Sunset Park a Chance to Shine As the New Garment District

City Living

September 12, 2014

Landmarked Fort Greene Stable Perfectly Suited for Two-Legged Residents with $1.2M to Spare

By Stephanie Hoina

It’s hard to imagine a place as crowded and cosmopolitan as New York City once being filled with the clip-clop of equine hooves, but at the turn of the century it is estimated there were 130,000 horses working in Manhattan—more than 10 times the number of taxicabs on the streets here today! In most cases, the stables that housed our four-legged friends have long since been razed to make way for buildings more suitable to modern commercial enterprise or human occupancy. Fortunately, the Feuchtwanger Stable located at 159 Carlton Avenue in Fort Greene didn’t meet a similar fate. Nearly a century after its construction in 1888, this gorgeous Romanesque Revival building was designated by the National Register of Historic Places and subsequently underwent a stunning condo conversion now home to a lovely one-bedroom apartment.
Read on to see one stable that survived

Distinctive Homes

September 8, 2014

A Chef and a Sculptor Balance Work and Home in This Elizabeth Roberts-Designed Williamsburg Loft

By Michelle Cohen

After years of searching for an industrial space to use as a studio and a comfortable home, a married couple—he's a chef and food writer, she's a sculptor—transformed this 3,500 square-foot ground-floor Williamsburg Loft into a well-balanced live/work space that includes a top tier kitchen and plenty of light and space for creating art.
See how a creative couple makes use of this versatile, comfortable space

September 5, 2014

New Yorker Spotlight: Sue Chin on Designing for a Very Different Type of Client at the Wildlife Conservation Society

By Susan Cohen

Susan (Sue) A. Chin, FAIA is an architect and designer with a very different type of clientele. Currently, her roster includes tigers, gorillas, and sharks, all of whom have very specific design needs. As the Vice President of Planning & Design and Chief Architect at the Wildlife Conservation Society (WCS), Sue oversees the architectural and design needs of the Society's zoos and parks (Bronx Zoo, New York Aquarium, Central Park Zoo, Prospect Park Zoo, and Queens Zoo), as well as their conservation work around the globe. The organization currently has about 500 projects in 65 countries, which means her work is showcased as far away as Madagascar. 6sqft recently spoke with Sue about WCS, how she got into the field as a teenager, her clients (both human and non), and the exciting new exhibit under construction at the New York Aquarium in Coney Island.
Read our full interview with Sue here

Coffee Culture: Are Neighborhood Cafes the First Sign of Gentrification?

Photo: Cafe Grumpy in Greenpoint by Premshree Pillai cc

September 3, 2014

Coffee Culture: Are Neighborhood Cafes the First Sign of Gentrification?

By Michelle Cohen

From “coffices” to lab-like minimalist gourmet coffee meccas to cozy neighborhood hangouts, neighborhood cafes are a fine example of the essential “third place” mentioned in discussions of community dynamics: that place, neither work nor home, where regulars gather and everyone’s welcome. Along with yoga studios, art galleries, community gardens, vintage clothing shops, restaurants with pedigreed owners and adventurous menus and, some say, a change in the offerings on local grocery shelves, cafes are often the earliest sign of neighborhood change. The neighborhood cafe serves as a testing ground for community cohesiveness while adventurous entrepreneurs test the still-unfamiliar waters around them. Beyond the literal gesture of offering sustenance, cafes provide a place where you can actually see who your neighbors are and appreciate the fact that at least some of them are willing to make an investment locally.
Get a fleeting glimpse of old New York City cafe culture in the West Village, meet the future of coffee distribution in Red Hook.

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