With apartments ranging from $867/month studios to $1,123/month two-bedrooms, you might have some cash leftover to splurge on a Katz’s pastrami sandwich, frozen key lime pie, or smoked rack of ribs at Brooklyn’s largest food hall, DeKalb Market, just around the corner. You’ll also be just two blocks from all the action at 9 DeKalb Avenue, the borough’s future tallest tower. These 22 brand new residences at 237 Duffield Street, a 105-unit building designed by Karl Fischer, come online Tuesday through the city’s affordable housing lottery and are reserved for New Yorkers earning 60 percent of the area median income.
Within the Empire State Building’s five o’clock shadow, an eruption of glossy residential high-rises are nipping at the dame’s feet. Embracing a thoroughfare most familiar for its commercial connotations, the latest tower to ascend is a 33-story condo simply known by its address, 172 Madison Avenue. The 130,000-square-foot skyscraper is being developed by Tessler Developments and is among a half-dozen residential buildings planned for a central, yet undefined neighborhood that is almost Murray Hill, but not quite NoMad. Its topped off concrete frame rises nearly 450 feet above its East 33rd street corner, which was previously occupied by a ubiquitous clump of commercial, low-slung masonry structures.
Now with its debut pegged for early next year, the symmetrically-massed tower designed by Karl Fischer Architects is being dressed in its sparkly coat of reflective glass that is accentuated by robust onyx-colored frames. And along with this debut, comes new renderings of the triplex penthouse dubbed the SkyHouse, which is a massive marble palace with two outdoor pools.
After years of decay, the second building of the old Saint Clare’s Hospital in Hell’s Kitchen has been reborn. Named NINE52, due to its address near Ninth Avenue at 416 West 52nd Street, the seven-story red-brick structure has been rehabilitated into 155 affordably-priced condominium homes.
Seven units at NINE52 hit the market earlier this week with asking prices starting at $679,000 for 450-square-foot studios, $859,000 for 725-square-foot one-bedrooms, and $1.319 million for an 875-square-foot two-bedroom. According to CityRealty’s February Market Report, the median price-per-square-foot for closed condominium sales in Midtown West over the past 30 days stood at $1,833, a bit above the $1,603-per-square-foot asking prices at NINE52.
With its hodgepodge exterior once called “the Noah’s Ark of bad design” and simply described as just plain “fugly,” it seems Karl Fischer has taken the hint by reworking the design of 26 West Street into something slightly less offensive. Since the rendering reveal last April, construction is now well underway and a new image of the project has emerged on Fischer’s website that shows the use of more red paneling and factory-style sash windows, a greater incorporation of balconies, and the placement of additional arched windows along its western, river-facing facade. Also shown and reflected in DOB filings is a seventh story, bringing the likely rental project up from 72 units to 96. Additionally, Fischer has now revealed the project’s interiors, which seem to mix the two favored Brooklyn styles of rustic and industrial.
Here’s our first peek at a 12-story residential building designed by Karl Fischer Architects for the northwest corner of 110th Street and Park Avenue in East Harlem. The property was picked up last fall by Brooklyn-based Isaac Schwartz who has now placed the 7,000-square-foot property on the market for $13.9 million.
According to the sales brochure prepared by Ariel Property Advisors, the lots 1516-1520 Park Avenue and 94 East 111th Street present a full block-front opportunity to construct a development up to 48,600 square feet. The property would be delivered with DOB-approved plans that call for the 12-story, 44-unit residential building shown above.
Here’s our first unfortunate look at a 12-story residential building slated to rise within a rapidly gentrifying corner of East Williamsburg. The block-through parcel at 46 Cook Street, between Graham and Humboldt Streets, will give way to a 34,000-square-foot mixed-use development designed by Karl Fischer Architect and Brooklyn-based developer Joel Braver, under the LLC Cook Properties. The project replaces a one-story brick warehouse building and is located just two blocks from the Flushing Avenue J/M subway station.
Piscane Seafood, one of the oldest remaining fish markets in the city, closed this spring, and its humble 19th-century home at 940 First Avenue will be replaced by a 14-story residential building. According to permits filed with the city’s Department of Buildings yesterday, the narrow 25-foot-wide lot will give rise to a 141-foot-tall tower developed by Brooklyn-based CS Real Estate Group and designed by the often-maligned architect Karl Fischer. The building will provide a commercial storefront at ground level and thirteen floor-through units above, likely condominiums.
Yesterday, we reported a staggering 22,000 residential units are on their way to the northern end of Brooklyn by 2019, 6,412 (29 percent) of which are slated for the half-square mile neighborhood of Downtown Brooklyn. Now, we have our first look at a small chunk of that count: a 105-unit residential building under construction at 237 Duffield Street, in the heart of the borough’s central hub.
Real Estate Wire: Paris Hilton Buys Noho Penthouse; $51M Tribeca Condo Could Set Downtown Sales Record, Thu, November 13, 2014
- Paris Hilton buys a $5 million Noho penthouse at 738 Broadway. [TRD]
- A crazy waterfront compound in Brooklyn’s Mill Basin drops its price from $30 million to $17 million. [Curbed]
- Developers are offering to build a high-tech elementary school at Sunset Park’s forthcoming mega complex. [Brooklyn Paper]
- Bed Stuy is getting two Karl Fischer-designed apartment buildings. [Brownstoner]
- Triplex condo at Tribeca’s new 443 Greenwich Street could set the record for priciest pad below Canal if it gets the $51 million asking price. [Daily News]
- A map that shows where NYC municipal employees live. [Gothamist]
Images: 738 Broadway penthouse via Douglas Elliman (L); 443 Greenwich Street (R)
In our humble opinion putting down roots in New York City should be on everyone’s bucket list. And that’s exactly what Friedrich Gretsch, an immigrant from Mannheim, Germany did in 1883, when he founded a small musical instrument shop in Brooklyn that later became a dynasty still in existence today. In 1916, as The Gretsch Company expanded, his son moved the operation to a mammoth ten-story factory at 60 Broadway in Williamsburg, Brooklyn, now the site of this luxury residential condominium conversion by architect Karl Fischer and interior designer Andres Escobar & Associates completed in 2003.