31 bond street

Real Estate Wire

trump soho
  • Unsellable condos at the Trump Soho have sent the building into foreclosure and off to the auction block. [WSJ]
  • The Federal Transit Administration handed out $1.9B for Sandy-related upgrades, yesterday. $40M of the available funds will go towards the Moynihan Station and about $13 million will go to the planned $700 million second phase of the project that will turn the Farley Post Office into a terminal for Amtrak. [Crain’s]
  • Abby Rosen is throwing down big bucks for 190 Bowery, the hotly sought after home of photographer Jay Maisel. The building was originally built in 1898 as a location for the Germania Bank an has been Maisel’s home since 1966. Estimates value the home at $50M. [NYT]
  • The construction of college buildings is booming and spending will top $2B this year. This trend will continue at the same level for at least the next three years, reports say. [WSJ]
  • 31 Bond is getting a penthouse addition. [Curbed]

Trump Soho (left); Moynihan Station (right)

Real Estate Wire

The Helmsley Building New York 230 Park Avenue, The Helmsley Building New York, 230 Park Avenue
  • The Commercial Observer interviews Gary Barnett of Extell. The developer discusses everything from his aggressive development stance to the “poor door” controversy that’s gotten everyone all riled up. [CO]
  • An epic tale of murder at 31 Bond Street—the site of new condos coming to the NoHo market. [NYT]
  • The “Gossip Girl Penthouse” at 1136 Fifth Avenue sold for $35M, $5M above asking. [TRD]
  • The Upper East Side is cooler than Brooklyn, according to an Upper East Side resident. [The Daily Beast]
  • Related Companies is turning Carnegie Park at 200 East 94th Street into a condo building. The move is right in line with the trend of converting rentals into highly profitable luxury condos. [NYDN]
  • Owners of the landmarked The Helmsley Building at 230 Park Avenue may place the office tower on the market for $1.5 billion. [Crain’s]

The Helmsley (left). Image via Monday Properties; Carnegie Park (right)

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