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While we're all still in the patriotic mood after the July 4th festivities, we thought it appropriate to put together a friendly little challenge between New York City and her cross-pond ally and sometimes rival, (what are the kids calling it these days, a frenemy?). In the left corner is NYC, global hub of finance and media, weighing in with a population of 8,405,837. And in the right corner we have London, the world's most-visited city, population 8,416,535. According to British real estate website Zoopla, the average price of a Central London home over the past year is £1.1 million or $2 million in U.S. dollars, topping the $1.6 million average selling price of residences in the core of Manhattan.
See how the cities battle it out in our three-round real-estate showdown

Distinctive Homes

July 8, 2014

You Will Go ‘Gaga’ When You Learn Who Once Lived in the Building of This $4.5M Upper West Side Residence

The historic building standing at 135 West 70th Street was built in 1927 to serve as a singular meeting place for all the Knights of Pythias lodges of NYC. Designed by architect Thomas W. Lamb, best known for his ornate movie palaces, it’s no wonder that the Pythian is richly decorated in brightly colored and glazed terra cotta embellishments. Though converted to a condominium in 1983, architect David Gura was careful to retain most of the building's ornamental features. Taking great pains to ensure that elements removed from their original positions were salvaged for use elsewhere within the building, his renovation earned a residential design award from the New York Chapter of the American Institute of Architects.
See why this apartment has earned our applause

Distinctive Homes

July 3, 2014

New Yorker Spotlight: Alina Cheung of Terracotta NY on How Her Investment Banking Past Inspired a Bowtie Business

By Susan Cohen

As investment banking analysts at Credit Suisse, Alina Cheung and Yidi Xu spent their days surrounded by men in ties. Little did they know that these men, and their ties, would later inspire them to leave investment banking behind. While crunching numbers and working on Excel spreadsheets, they found themselves thinking a lot about the prints on those ties. It was not long before Alina and Yidi realized they wanted the prints for themselves. And if they wanted them, they thought other women would too. With that thought, Terracotta New York, an accessories company, was born.
Read our interview with Alina here

July 1, 2014

Real Estate Wire: Inside the Building Where Leo DiCaprio Will Live; And the Newest ‘Tallest Tower in NYC’ Is…

By Jon Dioffa

Today’s real estate news highlights all in one place: Here we go again… In the race to build the biggest of them all, a new Silverstein property slated for the far West Side could become the largest residential tower in New York. [The Real Deal] Brooklyn prices continue to climb. Reports show that co-op prices […]

Real Estate Trends

June 27, 2014

Daily Link Fix: A 3D Desk Made of 2D Graph Paper; Google Wants Apps for Cardboard

One57 Gets its First Residents: If you haven’t heard of One57 you’ve probably been living under a rock. Well, the NY Times is here to lift that rock with an update of the “Billionaire’s Row” building, along with some residents who have already moved in. Extell’s $65 Million Townhouse: The NY Daily News spotlights Extell’s […]

Uncategorized

June 26, 2014

Law & Order Star Sells Noho Loft for $3.25 Million

According to city records, Law & Order; SVU star B.D Wong has officially sold his East 4th Street apartment for asking, after being in contract since March. The ground floor loft has a below-ground bedroom and a colorful palette that reminds us of something a stylish interior designer would create for the Joker’s bachelor pad, assuming the Joker wants to pick up chicks. But we digress…
Take a look inside this spectacular loft here

June 26, 2014

Iconic Dean & Deluca Loft Purchased by Vidal Sassoon’s Widow

Ready for a sale where the space is just as famous as the people involved? We’ve got one for you. This iconic loft at 133 Wooster Street has been featured in the New York Times and was the very spot where the Dean & DeLuca cookbook was created. Well, how did this apartment get to be so special? Because it’s owned by Dean & Deluca co-founder Jack Ceglic.
But it gets even more interesting after the jump

June 24, 2014

Real Estate Wire: Bed Stuy Getting 50 New Condos; Brooklyn’s Tallest Building Killing It in Sales

By Jon Dioffa

We roundup today’s residential real estate news highlights for one digestible bite: Bed Stuy is getting a brand new 10-story mixed-use building complete with 50 apartments [Brownstoner] NYC gets a rent hike! Of 1%… The lowest ever recorded [New York Post] South Slope’s newest condo development just placed its units on the market. The cheapest […]

Real Estate Trends

June 24, 2014

Your Daily Link Fix: Great White Shark Sighting; Cooper Hewitt Museum Lets Visitors to Draw on Walls

Great White Sightings Off Rockaway Beach: Shark Week is a couple of months early this year, as a baby great white was caught (and released), and a a 10-footer was spotted… on the same day… by the same group of people. DNAinfo gives you the shocking details. Girl Scouts President Gives Advice: No, it’s not […]

Uncategorized

June 18, 2014

Jared Kushner and LIVWRK Make Plans to Buy a Gowanus Property, Possibly for Luxury Condos

By Diane Pham

Jared Kushner and LIVWRK could soon be making their way to Gowanus. According to The Real Deal, the pair are in contract to buy a 133,000-square-foot development site at 175-225 3rd Street, located right across the new 3rd and 3rd Whole Foods market and just around the corner from Lightstone Group’s 700-unit rental project at 363 Bond Street. Currently, the land has 600 feet of frontage and allows for commercial development of up to 300,000-square-feet, but sources say that one-million square feet of residential could be constructed if rezoned.
More details here

New Developments

June 17, 2014

Your Daily Link Fix: Million Dollar Condos Come to Bed Stuy; Working Out in the Streets

Everybody Loves Brooklyn… Except Brooklyn: The Observer talks about the fact that the name Brooklyn may be a top name everywhere else, but Brooklynites are so over it. Million Dollar Condos Come to Bed Stuy: Before you know it, we common folk won’t be able to afford Brooklyn. The Brownstoner has some details and beautiful […]

Uncategorized

June 17, 2014

A Garden So Private No One Has The Key? Now We’ve Heard It All

Forget the legendary and uber-privileged access to the oasis known as Gramercy Park. The newest wave of private gardens are apparently so exclusive even residents can’t enjoy a stroll through the lush greenery. Take the 2,400-square-foot courtyard currently being designed at The Sterling Mason, a new Tribeca loft building where an apartment can set you back up to $24 million. In a city where even the tiniest bit of green space is viewed as the ultimate amenity, turning what would have been a barren airshaft into a verdant outdoor sanctuary seems like a terrific idea. Tapping Deborah Nevins, one of the world’s most sought-after landscape designers to do it, an even better one. Keeping residents from enjoying more than a visual inspection of the rich white blossoms, lush green leaves, ivy walls and sculptural stream? Eh, we’re not so sure about that.
What's up with this off limits trend?

Architecture And Design

June 13, 2014

Downtown Flips: Four of the Biggest Moneymakers of All Time

At any given hour when you turn on a home design television channel you have about a 50% chance of landing on a realty show about flipping houses. In real life, though, it's not all hunky property brothers and fairy tale endings; trying to flip a house is a gamble, which is why oftentimes the most successful flippers are those on the inside, like real estate developers and seasoned brokers. For anyone looking to make a flip, New York is ripe with opportunity thanks to low inventory and a constant race to be bigger and better. Within the city, Downtown Manhattan is the ripest fruit on the vine. Full of highly desirable, trendy neighborhoods, it's a hot bed for investors. There's no textbook definition of a flip, but it's generally thought of as a three-year turnover. Downtown there have been 58 apartment swaps within the past three years. We take a look at some of the greatest hits.
This way for all the triumphant flips

Real Estate Trends

June 5, 2014

Jamestown Properties Wants to Turn Sunset Park’s Industry City Into the Next Chelsea Market

If you renovate, will they come? It’s been less than a year since Jamestown Properties, the developer behind the successful Chelsea Market, acquired a 50% stake in the mostly abandoned industrial warehouse complex in Brooklyn’s Sunset Park known as Industry City. Along with investment partners Belvedere Capital and Angelo, Gordon & Company, Jamestown plans to translate the success of Chelsea Market on a scale six times the size – 16 buildings encompassing over 6 million square feet formerly known as Bush Terminal. But while Brooklyn is currently the darling of the five boroughs, Sunset Park doesn’t quite have the cache of Chelsea – yet, and the viability of such an enormous undertaking is ten years in the making.
Watch a video interview with the developers this way

Real Estate Trends

June 2, 2014

Massive Soho Loft With Wraparound Terrace Sells for $14.5 Million

When you look at these New York buildings, it’s hard to imagine there’s space for a 7,000-square-foot loft inside. Well, the former home of Justin and Nicole Ehrlich is one of those spaces. 20 Greene Street #6A is definitely deserving of an Academy award with its dramatic tall ceilings and oversized windows. And it just sold to the tune of $14.5 million. This Soho loft, listed by Douglas Elliman, doesn’t do anything halfway. Its giant living room is large enough to be its own apartment, for starters.
Take a closer look at this glamorous loft here

June 2, 2014

Set Designer for Saturday Night Live Buys Artsy SoHo Loft

Leo Yoshimura, a set designer and art director for late night television shows like Saturday Night Live and the Late Show with Conan O'Brien, has purchased unit 5W at SoHo's 565 Broadway for $4.2 million through a listing held by Keller Williams. This is a D2 class/artist in residence building, meaning it's a former industrial site that was converted to residential and now its apartments must be inhabited by a certified artist. The artistically designed loft seamlessly blends historic character with sleek modernism. Original columns punctuate the 2,740-square-foot 3BR/3BA space, which retains its large windows and high ceilings. The interior window cutouts let natural light traverse the entire unit, as does the contemporary frosted glass divider that leads into the boldly painted red den.
More details this way

May 29, 2014

Straus Park Stunner with Striking Balcony Asks $4.65 Million

One of the most sought after units in the exclusive Straus Park condominium is back on the market. The Opus'#18B has changed hands a lot over the past few years but like many others, she has learned that you have to kiss a few frogs to meet your prince. Well, she’s ready to meet her prince - or princess - and she's enlisted Corcoran agent Greg Kammerer to help. The 2,241-square-foot condo may sit at the top of a 22-story building but her giant windows bring the city to her fingertips. And that might be all you need of the Big Apple, because with all that this 4BR/3BA condo has to offer you could find yourself vacationing in your own home.
Take a look inside this pretty penthouse here

Distinctive Homes

May 23, 2014

American Thread Building Triplex Has Luxury Living and an Original Keith Haring Mural

Standing inside the palatial (trust us, this is not an understatement) 45' x 45' entertaining space in this magnificent triplex at 260 West Broadway, with its soaring arched windows, 26+ foot ceilings and beautifully detailed cast iron columns, you can’t help but feel a cool ocean breeze (Miami anyone?) gently soothe your soul. One could hardly blame you if you decided to stay right there and soak in the sun all weekend long. But that’s like choosing a 4-day getaway when you’ve won an around-the-world adventure because every room in this 8,000 square foot Tribeca residence offers an extraordinary experience for those lucky enough to call it home. It’s hard to know where to begin on the itinerary.
Come on an adventure with us

Distinctive Homes

May 21, 2014

Five Opulent and Ornate Spaces Looking for an Occupant

Anyone who's gone apartment hunting in Manhattan knows it can get a little monotonous — the bone-white walls, standard hardwood floors, and typical layouts. Sometimes the blank canvas just isn't enough; sometimes you need a little oomph. For those of you who enjoy ogling beautiful homes that have been carefully designed and expertly decorated, we've rounded up five opulent and ornate spaces currently looking for an occupant.
See all the stunning spaces this way!

May 19, 2014

Observations: Sherpas Not Needed

By Carter B. Horsley

Some people have great hair that never goes astray. That made me think about buildings with their new-fangled window-washer rigs. They’re not new but the recent “gold rush” of high-end residential condominiums have led some developers to design curious new building forms that would appear to be major obstacle courses for those marvelous skywalkers who brave the elements and have never experienced a tinge of acrophobia. The faint-hearted, of course, prefer sheer city cliffs, but only the bravest descend from the heights over the new often bumpy terrain.
Sherpas not needed

Architecture And Design

May 2, 2014

Coming Soon Summer 2015: The Beekman Hotel