All articles by Devin Gannon

Michael Cohen puts up $9M Trump Park Avenue apartment as collateral against bank debt

Photo of Michael Cohen via Wikimedia; image of Trump Park Avenue via Google Earth

May 9, 2018

Michael Cohen puts up $9M Trump Park Avenue apartment as collateral against bank debt

By
Michael Cohen, the longtime attorney for President Donald Trump, has put up his family's Park Avenue apartment as collateral against a bank loan worth millions of dollars. The bank valued Cohen's condo, fittingly at Trump Park Avenue in Lenox Hill, for $9 million. The financially troubled lawyer is putting his apartment against $12.8 million in loans he took out for his taxi business in 2014. Cohen secured these loans by New York City taxi medallions, which have dropped in value by 80 percent due to the growth of ride-sharing services, according to Bloomberg.
More this way
Trump could get over $30M from sale of a Brooklyn affordable housing complex he partially owns
May 9, 2018

Trump could get over $30M from sale of a Brooklyn affordable housing complex he partially owns

By
Starrett City photo via Matt Green on Flickr, President Trump photo via Wikimedia As he proposes funding cuts to the Department of Housing and Urban Development's subsidized housing programs, President Donald Trump is set to gain millions of dollars from the sale of an affordable housing complex in East New York, best known as Starrett City. Investors, including Trump who owns a 4 percent stake in the development, sold the 46-building complex to two real estate firms for $906 million, ABC News reported Tuesday. Trump is set to profit about $36 million from the sale (an amount which could drop after mortgage costs and transfer taxes). Home to roughly 15,000 residents across 145 acres, Starrett City is the largest federally subsidized housing project in the country.
Find out more
Six chances to snag an East Williamsburg one-bedroom for $1,150/month

Photo via David Berkowitz/Flickr

May 8, 2018

Six chances to snag an East Williamsburg one-bedroom for $1,150/month

By
Photo via David Berkowitz/Flickr A housing lottery launched this week for six affordable units in the East Williamsburg neighborhood of Brooklyn. The newly constructed development at 251 Devoe Street contains seven units, all of them spacious with open layouts. While some of the units in the building include balconies, all have central air and modern appliances. Qualifying New Yorkers earning 60 percent of the area median income can apply for the $1,150/month one-bedrooms. The rental building sits closest to the L and G trains, as well as a dog park and plenty of happening bars and restaurants.
Find out if you qualify
My 600sqft: A nonprofit fundraiser decorates her Turtle Bay studio with funky, feminine finds

6sqft’s series “My sqft” checks out the homes of New Yorkers across all the boroughs. Our latest interior adventure brings us to the Turtle Bay studio of Erica Greenblatt, director of development for the Anti-Defamation League. Want to see your home featured here? Get in touch!

May 8, 2018

My 600sqft: A nonprofit fundraiser decorates her Turtle Bay studio with funky, feminine finds

By
Erica Greenblatt never seems to stay in one place for long. In addition to her love of travel (she has visited 30 countries across 6 continents so far), she has moved 12 times in the last 14 years all over New York City. Most recently, Erica landed on a surprisingly spacious Turtle Bay studio on 54th Street and 2nd Avenue, her first apartment without any roommates. As the director of development for the Anti-Defamation League, a civil rights organization tasked with fighting bigotry, Erica raises funds needed for the group’s education and advocacy programs. And because of her job, she’s on the move again, headed outside of the five boroughs for the first time in over a decade. Erica moved to Atlanta, Georgia at the end of April, pledging to bring her feminine, eclectic style with her to her new southern pad. Before she left NYC to start a new adventure in the ATL, 6sqft visited Erica and learned about how her love of travel influences her worldly aesthetic, what she describes as her "signature style."
See inside Erica's studio
Wall Street’s historic Trinity Church will partially close during a two-year, $99M renovation

Rendering of the canopy at the graveyard via Trinity Wall Street

May 7, 2018

Wall Street’s historic Trinity Church will partially close during a two-year, $99M renovation

By
The Trinity Church, whose history in New York City dates back 300 years, will partially close beginning Monday for a two-year, $98.6 million renovation of its nave, the main part of the church. As its first major revitalization in over 70 years, the landmarked church's project will restore parts of the original 1846 Gothic Revival style designed by Richard Upjohn. This includes rebuilding the chancel to its original size, increasing capacity by 140 seats and painting the interior walls and ceilings to reflect the original stone design. The reconstruction will move services and events at the Episcopal parish to nearby St. Paul's Chapel, but the Chapel of All Saints and the churchyard, where Alexander Hamilton is buried, will remain open throughout the project.
Find out more
Williamsburg’s first ground-up commercial space in over 40 years tops out
May 7, 2018

Williamsburg’s first ground-up commercial space in over 40 years tops out

By
Rendering via Steelblue/Gensler Silicon Valley will soon land in Williamsburg, according to the masterminds behind 25 Kent, an office building designed with the tech community in mind. The eight-story building at 25 Kent Avenue, the first ground-up commercial office development in the area in over four decades, has officially topped out. The building offers 500,000 square feet of office space along the Williamsburg waterfront, retail at ground level and underground parking, according to CityRealty. Designed by Gensler with concept designs by Hollwich Kushner (HWKN), 25 Kent will surely attract young professionals, with its millennial-friendly rooftops, terraces and floor-to-ceiling windows.
Details here
You can own an affordable co-op in the South Bronx for just $92K

Photo via Dan DeLuca’s Flickr

May 7, 2018

You can own an affordable co-op in the South Bronx for just $92K

By
Applications are now being accepted for three newly renovated co-ops in the Longwood neighborhood of the South Bronx, part of the city's initiative to make affordable homeownership more accessible for first-time buyers. Located at 847 Fox Street, the three-bedroom units are move-in ready, with renovated kitchen and bathrooms, new electrical and heating systems and energy efficient appliances. Qualifying New Yorkers earning 120 percent of the area median income can apply for the three units, listed for a subsidized price of roughly $91,483.
Find out if you qualify
May 4, 2018

Two buildings near Crotona Park in the South Bronx launch lotteries, from $897/month

By
Sixteen moderate-income apartments are up for grabs in two buildings located in the Claremont and Morrisania neighborhoods of the South Bronx. The buildings, located at 625 Jefferson Place and 3531 Third Avenue, sit near Crotona Park, a nearly 128 acre public park with a lake, 20 tennis courts a massive swimming pool and 28 species of trees. Qualifying New Yorkers earning 80 percent of the area median income can apply for the apartments ranging from $897/month studios to a $1,764/month four-bedrooms.
Find out if you qualify
A Saudi prince and NYC real estate company will buy iconic Plaza Hotel for $600M

Photo via Creative Commons

May 4, 2018

A Saudi prince and NYC real estate company will buy iconic Plaza Hotel for $600M

By
Update 5/8/18: Saudi Prince Al-Waleed Bin Talal and Ashkenazy Acquisition Corp. will buy the Plaza Hotel for $600 million, besting a previous offer made less than a week ago, according to the New York Post. While it was reported White City Ventures and the Kamran Organization were in contract to buy the iconic building, the prince and Ashkenazy, as the minority owner, had the option to acquire the hotel if they matched the $600 million offer. The deal is expected to close this summer. A deal to sell the historic, 111-year-old Plaza Hotel has finally been reached, after the New York City landmark sat on and off the market for years and changed hands numerous times. As the Real Deal reported, a group of investors including Shahal Kahan of White City Ventures and Kamran Hakim of the Hakim Organization, are in contract to buy a majority share of the hotel for $600 million. While reports in March said the group was considering paying for part of the purchase with cryptocurrency, the deal instead is being made up of equity from investors and a $415 million loan from a pair of British billionaires, David and Simon Reuben.
More details here
Live in a one bedroom near the Brooklyn Children’s Museum in Crown Heights for $2,253/month
May 4, 2018

Live in a one bedroom near the Brooklyn Children’s Museum in Crown Heights for $2,253/month

By
Photo by Julienne Schaer for NYC&Company A housing lottery launched Friday for just three one-bedroom apartments in the northern section of Crown Heights. Located at 730 Prospect Place, the building rises five stories and contains eight units. It sits between the colorful, Rafael Viñoly-designed Brooklyn Children's Museum and Brower Park and the myriad of food and drink options of Franklin and Washington Avenues. Qualifying New Yorkers earning 130 percent of the area median income can apply for the three $2,253/month one-bedroom units.
Find out if you qualify
16 chances to snag an affordable one bedroom in East Williamsburg for $1,080/month

Rendering via Leverich Design Studio

May 4, 2018

16 chances to snag an affordable one bedroom in East Williamsburg for $1,080/month

By
Located in between artist-hipster enclaves of Bushwick and Williamsburg, a newly constructed building at 89 Bartlett Street has launched an affordable housing lottery for 16 affordable one-bedroom units. Qualifying New Yorkers earning between roughly $37,000 and $50,000 annually (or 60 percent of the area median income), can apply for the $1,080/month one-bedroom apartments.
Find out if you qualify
Judge rules Upper West Side condo can remove Trump’s name from its building
May 3, 2018

Judge rules Upper West Side condo can remove Trump’s name from its building

By
Photo via Nick Normal’s Flickr Following year-long resistance from the Trump Organization, a judge ruled on Thursday that an Upper West Side condo could remove the president's name from the exterior of the 46-story building, according to the New York Times. Condo owners at 200 Riverside Boulevard will now be able to vote on whether to keep or remove the bronze letters spelling "TRUMP" on the building, where they have hung for nearly two decades. The ruling comes after board members at Trump Place asked a judge in January to issue a declaratory judgment that the condo has the right to either keep or remove the letters without violating its licensing agreement. On Thursday, Justice Eileen Bransten said removing letters does not violate the agreement.
More details here
Master planning for huge Sunnyside Yard project to begin this summer

Photo via NYCEDC

May 3, 2018

Master planning for huge Sunnyside Yard project to begin this summer

By
The master planning process for the Sunnyside Yard project, a mammoth plan to build a new, fully planned neighborhood to Queens, will begin this summer, the city announced Thursday. Along with Amtrak, the city's economic development corporation said it will form a steering committee made up of local leaders and planning experts who will organize meetings and workshops to gain feedback from local residents. The Practice for Architecture and Urbanism (PAU) has officially been tapped to lead the planning process. A 2017 feasibility study found 70 acres of the 180-acre development would be viable for development. According to the city, the project could bring between roughly 11,000 and 15,000 new housing units and 15 to 20 acres of open space, new schools and retail amenities. About 3,300 to 4,500 new permanently affordable units could also be created. As of last year, the plan has an estimated price tag of $10 billion.
Find out more
Plan to upgrade signals on 7-line delayed again, more service outages possible

Photo via Tim Adams on Flickr

May 2, 2018

Plan to upgrade signals on 7-line delayed again, more service outages possible

By
Another day, another missed deadline for the Metropolitan Transportation Authority. The plan to modernize the 7-line's ancient signals has been delayed yet again, according to the Wall Street Journal. The MTA said the new system would be implemented by June 30, but the contractor installing the signals, Thales Transport and Security, told officials they won't be able to finish until November. Andy Byford, the new chief of NYC Transit, said he refuses to accept the rescheduled deadline and has hinted at more outages on the 7, as a way to accelerate installation of the system. "I think customers would prefer to rip the band aid off and get on with it rather than have this slow creeping limp to the finish line," Byford said on Wednesday.
Find out more
Vornado likely to keep Bjarke Ingels’ wave-like canopy design for 2 Penn Plaza overhaul

Rendering via BIG

May 2, 2018

Vornado likely to keep Bjarke Ingels’ wave-like canopy design for 2 Penn Plaza overhaul

By
Instead of razing and redeveloping its 2 Penn Plaza office tower, Vornado Realty Trust said on Tuesday it will simply renovate the building. As Commercial Observer reported, the company's CEO, Steven Roth, said earlier plans of demolishing the 31-story tower and grabbing 5 million square feet of development rights from Madison Square Garden to build a bigger tower, would not be feasible. Moving forward with option B, Vornado will likely stick with designs from Bjarke Ingels Group. More than two years ago, BIG revealed renderings that showed a wave-like canopy of glass panels that would envelope 2 Penn Plaza above the retail entrances on the ground floor.
More this way
May 2, 2018

7 chances to live across from Pelham Bay Park in the Bronx, from $1,600/month

By
A newly constructed rental in the Bronx has launched a lottery for seven middle-income apartments, located across from the city's largest public park, Pelham Bay Park. The park measures over three times the size of Central Park and includes two golf courses, miles of hiking trails, many fields and courts and Orchard Beach, a man-made beach designed by Robert Moses. Qualifying New Yorkers earning 130 percent of the area median income can apply for three one-bedrooms for $1,600/month and four two-bedrooms for $1,800/month.
Find out if you qualify
Hamptons windmill once rented by Marilyn Monroe is asking $55K for the entire summer

Photo of Marilyn Monroe via Wikimedia

May 1, 2018

Hamptons windmill once rented by Marilyn Monroe is asking $55K for the entire summer

By
Haven't planned a summer vacation yet and have $55,000 floating around? Then consider renting this East Hampton windmill home, a unique abode once leased in 1957 by Marilyn Monroe and Arthur Miller. The charming two-bedroom, one-bathroom house measures 1,100 square feet across three floors. The windmill home, located in the historic Amagansett neighborhood, is currently only available for the entire summer, from Memorial Day to Labor Day, and year-round for $68,000 (h/t Curbed Hamptons).
Take a tour
See the rooftop sculpture garden that will grow next to Zaha Hadid’s High Line condo

Rendering via Future Green

May 1, 2018

See the rooftop sculpture garden that will grow next to Zaha Hadid’s High Line condo

By
Related Companies announced last year plans to add 15 new gallery spaces around their Zaha Hadid-designed condo at 520 West 28th Street. One of the galleries tapped for the project, the Paul Kasmin Gallery, will serve as the anchor tenant and expand into a 5,000-square-foot space. In addition to boasting 22-foot ceilings and 28 skylights, the single-floor gallery will have a sculpture garden designed by Future Green on its roof. Because it sits alongside the High Line, "the garden serves as a verdant extension to the elevated park and showcases outdoor artworks in a rich seasonal tapestry," according to the landscape architects.
More details here
Lottery launches for 250+ mixed-income apartments in East Tremont, from $822/month
May 1, 2018

Lottery launches for 250+ mixed-income apartments in East Tremont, from $822/month

By
Rendering via Mastermind Development The Tremont Renaissance housing complex this week launched a lottery for 255 apartments, part of Mayor Bill de Blasio's affordable housing plan aimed at bringing more mixed-income units to New York City. Located in the East Tremont neighborhood of the Bronx, the development at 4215 Park Avenue rises 12 stories and features roughly 40,000 square feet of commercial space on the ground level. Qualifying New Yorkers earning 60, 100 and 120 percent of the area median income can apply for the apartments ranging from $822/month studios to $1,965 three-bedrooms.
Find out if you qualify
Historic photos take you back to the 1939 New York World’s Fair in Flushing Meadows

Aerial view of the 1939-1940 New York World’s Fair; via NYPL

April 30, 2018

Historic photos take you back to the 1939 New York World’s Fair in Flushing Meadows

By
On April 30, 1939, the New York World's Fair opened in Flushing Meadows Park in Queens. The fair, which spread across 1,200 acres, commemorated the 150th anniversary of George Washington's inauguration in Lower Manhattan, and had a central theme of "Building the World of Tomorrow." Construction of the fair began in 1936, which involved turning the Corona city dump and tidal swamp into the fairgrounds. After the land was cleared, hundreds of architects, designers, engineers and construction workers came together to transform the dump into the site for the World's Fair. The "Trylon", a 700-foot obelisk, and the "Perisphere," a 200-foot globe, stood in the center of the fairgrounds, soon becoming permanent symbols of the Fair. Many American corporations, including the American Telephone and Telegraph Company, the Borden Company and General Motors, participated, as a way to introduce fairgoers to new products. With close to 60 nations and 33 U.S. states participating, and its own subway line, the 1939 World's Fair remains one of the largest, and most iconic, international fairs in history. Ahead, check out some of the photos of the historic World's Fair, found in the New York Public Library's extensive collection.
Go back in time
Lottery opens for 15 affordable apartments in Riverdale, just across from Van Cortlandt Park

Photo of Van Cortlandt House Museum via mtchlra via photopin cc

April 30, 2018

Lottery opens for 15 affordable apartments in Riverdale, just across from Van Cortlandt Park

By
If you're looking for a bit of the suburban lifestyle without leaving the boroughs, this affordable housing lottery in the Bronx may be for you. Fifteen apartments at Stagg Group’s Riverdale project The Station (so named for being adjacent to the 1 train station) at 5959 Broadway are up for grabs for New Yorkers earning 80 percent of the area median income. These include 12 $1,292/month one-bedrooms and three $1,458/month two-bedrooms. Just as good as the price is the location; the mixed-use building is directly across from the southeast entrance to Van Cortlandt Park, right near the swimming pool and Van Cortlandt House Museum. And for families, it's also just a couple blocks from the prestigious Horace Mann School and Manhattan College.
Find out if you qualify
Construction is underway at the World Trade Center performing arts center

Rendering by REX

April 30, 2018

Construction is underway at the World Trade Center performing arts center

By
Construction of the Ronald O. Perelman Performing Arts Center is officially moving forward, with the first pieces of the center's structural steel now visible above street level, according to CityRealty. The idea for an arts center at the World Trade Center was included in the original vision for rebuilding the area after Sept. 11, a plan proposed nearly 15 years ago. Designed by REX, the flexible "Mystery Box" will be wrapped in translucent marble, the same material used on the Thomas Jefferson Memorial, and laminated with insulated glass. Named for Ronald O. Perelman who gifted $75 million to the project, the center will include 200,000 square feet of space, three halls and a rehearsal space, a restaurant and a gift shop.
More details here
Two weeks of free art and music kick off in Hudson Yards, giving a first taste of The Shed

Rendering of Prelude to The Shed by NLÉ Works

April 30, 2018

Two weeks of free art and music kick off in Hudson Yards, giving a first taste of The Shed

By
Starting Tuesday, there will be two free weeks of art and music, as a teaser for the much-anticipated cultural center coming next year to Hudson Yards, The Shed. The festival, "A Prelude to The Shed," will take place on a lot at 10th Avenue and 30th Street, one block from the arts center's future home. Performed on a pavilion outside, the events will feature dancers, musicians and a variety of visual art. Measuring 200,000 square feet, the Shed will open to the public next spring and contain two floors of column-free galleries and an intimate theater.
Find out more
Artist Es Devlin unveils a trippy gallery show inspired by Bjarke Ingels’ twisting High Line towers
April 27, 2018

Artist Es Devlin unveils a trippy gallery show inspired by Bjarke Ingels’ twisting High Line towers

By
Es Devlin with Egg; photo by Nikolas Koenig In a remarkable collaboration, Danish architect Bjarke Ingels and artist Es Devlin unveiled on Tuesday a series of multi-sensory installations in response to The Eleventh, a pair of twisting towers rising on a full-block along the High Line. The three immersive encounters are featured at the XI Gallery, a 12,000-square-foot space in the Meatpacking District. Through the lens of Devlin, known for her work with Beyoncé,  Adele and Kanye West, the Eleventh, or XI, is seen on a projection-mapped sculpture, a 360-degree film strip and a rotating pair of sculptures. The gallery is the artist's first site-specific art installation in New York. Ziel Feldman, the chair of HFZ Capital, the group developing the project, called the Eleventh a defining moment and "a signature development for Manhattan and a triumph of design, living, culture, and wellness."
See the impressive installations
58 affordable units up for grabs in historic Queens neighborhood of St. Albans, from $558/month

Image via Sisca

April 27, 2018

58 affordable units up for grabs in historic Queens neighborhood of St. Albans, from $558/month

By
A lottery launched this week for 58 mixed-income apartments in a newly constructed building in St. Albans, a suburban enclave in western Queens. Located at 118-35 Boulevard, the development sits near the historic district of Addisleigh Park. Although it started as a white-only community, the neighborhood was home to many notable African Americans, including famous jazz musicians, from the 1930s and on. Artists like Count Basie, James Brown, John Coltrane, Miles Davis, Ella Fitzgerald, and even baseball superstars like Babe Ruth and Jackie Robinson all have lived in this area. Qualifying New Yorkers earning 40, 50, 60 and 80 percent of the area median income can apply for units ranging from $558/month one-bedroom to a $1,511/month two-bedroom apartments.
Find out if you qualify
Pitch a story icon

Pitch a Story

We love to hear from you!

"*" indicates required fields

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

"*" indicates required fields

or Call (212) 755-5544

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

Distinctive Post Form

"*" indicates required fields

or Call (212) 755-5544
Contact us image

Get in Touch

We love to hear from you!

"*" indicates required fields

Send us a tip image
Delivering New York stories focused on design, lifestyle & real estate.

Send us a Tip

We love to hear from you!

"*" indicates required fields

Interesting in learning more about purchasing a new home?

Let us know what you are looking for and we’ll help you find the home of your dreams. It’s free, with no obligation.

CityRealty Logo
or Call (212) 755-5544

Thinking about selling your home?

We’ll provide current market comps and connect you with a trusted expert.

CityRealty Logo

Sell a Home (Footer)

"*" indicates required fields

or Call (212) 755-5544

Before You Move On
from this Page.

Subscribe for NYC's Lastest Design, Lifestyle,
and Real Estate Trends!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.

Your Daily Dose
of NYC Life!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.