All articles by Devin Gannon

Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

Via Vornado Realty Trust and Robert A.M. Stern Architects

January 24, 2022

Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

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Earlier this month it was reported billionaire Daniel Och sold his penthouse at 220 Central Park South for $190 million, roughly double what he paid for the home in 2019. While the identity of the buyer was unknown at the time, city records first reported last week by Bloomberg show Blue Pool Capital, the firm that manages some fortunes of Alibaba co-founders Joe Tsai and Jack Ma, paid $188 million for the property.
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Theodore Roosevelt statue removed from NYC’s Museum of Natural History

Photo © Olivia Lemons

January 21, 2022

Theodore Roosevelt statue removed from NYC’s Museum of Natural History

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The statue of Theodore Roosevelt that has stood on the steps of the American Museum of Natural History for more than eight decades was removed this week. The city's Public Design Commission voted last summer to take down and relocate the statue, seen as racist for its depiction of Roosevelt on horseback flanked by a Native American figure and an African figure. The bronze statue will soon be shipped to Medora, N.D., where it will be displayed at the Theodore Roosevelt Presidential Library, set to open in 2026.
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John Legend and Chrissy Teigen list pair of penthouses in Nolita for $18M

Photos courtesy of Tina Gallo

January 20, 2022

John Legend and Chrissy Teigen list pair of penthouses in Nolita for $18M

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John Legend and Chrissy Teigen are selling their two penthouses in Nolita for $18 million, the Wall Street Journal first reported. The couple purchased a $9 million unit in 2018 followed by a $7.7 million penthouse in 2020 in the six-story Brewster Carriage House at 374 Broome Street. The A-list duo told the WSJ they wanted to combine the two apartments into one but never did.
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Hochul outlines replacement for New York’s expiring 421-a tax break program

Billionaires’ Row. Photo: © 6sqft

January 20, 2022

Hochul outlines replacement for New York’s expiring 421-a tax break program

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As part of her State of the State address delivered earlier this month, Gov. Kathy Hochul promised to replace the 421-a tax abatement program with a new "effective" credit. Set to expire in June, 421-a gives New York real estate developers who construct new residential buildings a property tax exemption in exchange for designating a portion of the homes as affordable. As part of her executive budget, Hochul on Wednesday outlined her plan for a replacement program called "Affordable Neighborhoods for New Yorkers." While the new program calls for the units built to be more affordable, much of the structure of the existing tax abatement remains in place.
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NYC pledges to make 1,000 intersections safer for pedestrians

Photo: Michael Appleton/Mayoral Photography Office on Flickr

January 19, 2022

NYC pledges to make 1,000 intersections safer for pedestrians

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Last year, New York City experienced the highest level of traffic fatalities in over a decade, a majority of which took place at street intersections. Mayor Eric Adams on Wednesday announced a plan to better protect pedestrians, including improving the design of 1,000 intersections across the city, constructing 100 raised crosswalks annually, and enforcing a new traffic rule that requires drivers and cyclists to fully stop for pedestrians when traffic controls are not in place.
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In the West Village, a cozy co-op with a huge skylight and wood-burning fireplace asks $1.15M

All photos courtesy of Douglas Elliman

January 19, 2022

In the West Village, a cozy co-op with a huge skylight and wood-burning fireplace asks $1.15M

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A light-filled one-bedroom is now available in prime West Village. Located at 459 Hudson Street between Morton and Barrow Streets, the co-op is on the smaller side but makes up for the lack of space with an extra dose of charm. A huge skylight helps drench the living room with sunshine, while a corner wood-burning fireplace brings the whole space together. It can be yours for $1,150,000.
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Adams vetoes measure that would increase fines for non-artist residents in upzoned Soho-Noho

Photo by Vlada Karpovich from Pexels

January 18, 2022

Adams vetoes measure that would increase fines for non-artist residents in upzoned Soho-Noho

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Mayor Eric Adams last week vetoed legislation that would increase fines for residents illegally occupying artist housing in Soho and Noho, a measure passed by the City Council last month alongside the approved neighborhood rezoning. Sponsored by former Council Member Margaret Chin, the bill would increase penalties on non-artist residents of the Joint Living Work Quarters for Artists (JLWQA) zone, which was created in the 1970s to allow artists to legally live in the once manufacturing-heavy area, with fines starting at $15,000 for those without proper certification.
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Lottery opens for 288 apartments at 71-story rental in Long Island City, from $2,132/month

Photo: The Durst Organization/ Giles Ashford

January 18, 2022

Lottery opens for 288 apartments at 71-story rental in Long Island City, from $2,132/month

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Late last year, leasing launched at Sven, a 71-story rental in Long Island City and the second tallest building in Queens. This week, an affordable housing lottery for 288 middle-income apartments opened at the residential skyscraper located at 2959 Northern Boulevard. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, which range in price from $1,990/month studios to $3,843/month three-bedrooms.
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Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

220 Central Park South. Photo by Jim.henderson (cropped) via Wikimedia Commons.

January 14, 2022

Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

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Billionaire Daniel Och has sold his penthouse at 220 Central Park South for an astounding $190 million, nearly double the amount he paid for the home in 2019. As first reported by the Wall Street Journal, the sale marks one of the most expensive deals ever in New York. The buyer has not been disclosed.
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See inside a $10M penthouse at the record-setting Quay Tower in Brooklyn Heights

All photos courtesy of Donna Dotan

January 13, 2022

See inside a $10M penthouse at the record-setting Quay Tower in Brooklyn Heights

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A palatial penthouse at record-setting condo building Quay Tower in Brooklyn Heights has just hit the market for $10,000,000. Located at 50 Bridge Park Drive at the south end of Brooklyn Bridge Park, the waterfront development has made headlines for several title-grabbing sales, including a $20.3 million penthouse (the borough's second most expensive residential sale ever) and a $10.65 million home that went into contract last fall, a condo record last year. 6sqft got a first look at photos of this just-listed penthouse, which measures a stunning 3,553 square feet and includes four bedrooms, three and a half baths, and unmatched views of Manhattan.
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NYC Restaurant Week returns with deals at more than 440 neighborhood eateries

The Russian Tea Room in Midtown is participating in Restaurant Week. Photo by Amy Lombard, courtesy of NYC & Company

January 12, 2022

NYC Restaurant Week returns with deals at more than 440 neighborhood eateries

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Reservations are now open at more than 440 local restaurants participating in New York City Restaurant Week this winter. The biannual program, which was first introduced 30 years ago, offers New Yorkers a chance to dine at highly acclaimed restaurants at a discounted price. Running from January 18 through February 13, the 2022 winter Restaurant Week includes prix-fixe deals for two-course lunches or three-course dinners for $29, $39, or $59, depending on the restaurant.
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How to help victims of the Bronx apartment building fire

Gov. Kathy Hochul, Mayor Eric Adams, FDNY Commissioner Daniel Nigro and other leaders brief the press after Sunday’s deadly five-alarm fire Photo: Michael Appleton / Office of Mayoral Photography on Flickr

January 10, 2022

How to help victims of the Bronx apartment building fire

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A five-alarm fire ignited in a residential tower in the Bronx on Sunday morning, killing 17 people, including eight children, and marking the city's most devastating fire since 1990. According to Fire Department officials, a faulty space heater started the fire at the 120-unit Twin Parks North West building, located at 333 East 181st Street. In addition to dealing with the tragic loss of life and dozens of serious injuries, families in the building have now been displaced and are in urgent need of relief supplies. We've put together a list of organizations accepting monetary donations and emergency supplies for those affected by the fire.
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For $1.8M, a co-op in a Lenox Hill landmark has two exposures and five-star hotel service

Photos courtesy of Douglas Elliman

January 7, 2022

For $1.8M, a co-op in a Lenox Hill landmark has two exposures and five-star hotel service

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A perfectly proportioned two-bedroom co-op next to Central Park is now available. The home sits in the iconic Sherry Netherland, a 38-story cooperative residential hotel at 781 Fifth Avenue built in the 1920s. Now asking $1,795,000, the residence boasts East and West exposures, pouring light into the home through its incredible 12 windows.
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Hochul wants to make to-go cocktails legal again in New York

Photo of New Yorkers drinking on St. Mark’s Place by Eden, Janine and Jim on Flickr

January 5, 2022

Hochul wants to make to-go cocktails legal again in New York

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Gov. Kathy Hochul announced on Wednesday plans to introduce legislation permanently allowing the sale of to-go alcoholic beverages. First permitted at the start of the coronavirus pandemic to support the restaurant industry during the lockdown, the state ended takeout cocktails last June, coinciding with the lift of Covid-related restrictions. Legalizing the sale of to-go drinks will help local restaurants and bars recover from the pandemic, according to Hochul's proposal. "Cheers, New York," Hochul said Wednesday during her State of the State address.
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$850M South Street Seaport project gets final approval

Photo credit: The Howard Hughes Corporation/SOM

January 5, 2022

$850M South Street Seaport project gets final approval

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The Howard Hughes Corporation last week got the official go-ahead from the city to build a mixed-use tower on a parking lot in the South Street Seaport. Originally proposed as a 1,000-foot-tall tower, the plan for 250 Water Street has changed many times over the last few years due to feedback from community groups and local officials, with the final result being a 324-foot-tall tower with roughly 270 apartments. The $850 million project is expected to break ground this year following remediation of the site.
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Photo by Daniel Lee on Unsplash

January 4, 2022

Manhattan housing market makes record rebound to close out 2021

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New York City real estate made a major comeback to close out 2021, experts say. According to a new report from Compass, condo and co-op sales volume hit $7 billion in the last quarter of the year, the highest of any fourth quarter on record. More than 3,400 apartments were sold in this quarter, between October 1 and December 31, up 79 percent from the previous year and the highest total in a Q4 since 2013. After Covid crippled much of the market in 2020, 2021 saw an impressive turnaround in Manhattan, particularly with the sales of luxury properties, new development condos, and townhouses.
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Brooklyn Heights co-op with charming bay window and original stained glass asks $825K

Photo credit: Shannon Dupre with DDreps

January 3, 2022

Brooklyn Heights co-op with charming bay window and original stained glass asks $825K

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This available, cozy Brooklyn Heights one-bedroom radiates pre-war charm, while also boasting modern interiors. Located at 149 Willow Street on a tree-lined block, the co-op features a renovated kitchen and spacious layout. A major highlight of the apartment is the living room's lovely bay window that overlooks treetops and features original stained glass at the top. It's currently on the market for $825,000.
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Hochul announces Covid ‘surge plan 2.0’ as New York sees record number of daily cases

Photo of Gov. Kathy Hochul announcing the Winter Surge Plan 2.0 by Don Pollard/Office of Governor Kathy Hochul on Flickr

January 3, 2022

Hochul announces Covid ‘surge plan 2.0’ as New York sees record number of daily cases

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On Friday, the state of New York recorded over 85,000 new cases of the coronavirus, the highest daily total since the start of the pandemic. Nearly 50,000 of those cases were reported in New York City alone. Gov. Kathy Hochul announced over the holiday weekend a "winter surge plan 2.0," an attempt to strengthen the state's fight against Covid with more testing, additional testing sites, and an increase in access to vaccines.
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Walk-in Covid testing now available at 7 subway stations across NYC

Photo: Marc A. Hermann / MTA New York City Transit on Flickr

January 3, 2022

Walk-in Covid testing now available at 7 subway stations across NYC

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Pop-up coronavirus testing sites are now open at seven subway stations across New York City. After opening two walk-in PCR testing sites at Grand Central and Times Square stations last week, Gov. Kathy Hochul and the Metropolitan Transportation Authority opened additional sites at five subway stations, including Penn Station, Broadway Junction in Brooklyn, East 180th Street in the Bronx, and Roosevelt Avenue and Jamaica-179th Street in Queens. The state is currently experiencing a record surge in new Covid cases, which officials are attributing to the highly contagious Omicron variant.
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6SQFT’S TOP STORIES OF 2021!
December 28, 2021

6SQFT’S TOP STORIES OF 2021!

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For New Yorkers, 2021 was a year of ups and downs, from the rollout of coronavirus vaccines and the gradual reopening of our beloved city to the return of mask mandates and canceled events. Throughout, though, 6sqft readers stayed informed on all things Covid, real estate news, and fun things to do, while celebrating the opening of new public green space, sky-high observation decks, and unique apartments for sale. Ahead, discover the most read 6sqft stories of 2021, from a first look at the offshore park Little Island to a listing for a condo in the real-life "Arconia" from Hulu’s Only Murders in the Building.
Our most-read stories of the year, here
On the Upper West Side, an Emery Roth-designed co-op overlooking Central Park asks $7.4M

All photos: Compass/ Michael J. Franco

December 22, 2021

On the Upper West Side, an Emery Roth-designed co-op overlooking Central Park asks $7.4M

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A pre-war Upper West Side co-op designed by an influential architect with views of Central Park? It doesn't get much more classic New York City living than that. A stunning eight-room duplex at 15 West 81st Street is now on the market for $7,350,000. Stretching across floors 12 and 13, the spacious apartment not only benefits from a prime address, but also pre-war features, like herringbone floors, original banister, and moldings.
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Former Fort Greene home of Notorious B.I.G. sells for $2M

All photos courtesy of Compass

December 21, 2021

Former Fort Greene home of Notorious B.I.G. sells for $2M

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After just over three months on the market, the Fort Greene home that once belonged to the late rapper Notorious B.I.G. sold last week for $2,000,000, as the New York Post first reported. Located at 159 Carlton Avenue, the two-bedroom duplex sits within a former stable building and underwent a major renovation by the current owner, a well-known costume designer. The home, which is where Biggie lived when he released his iconic 1994 album "Ready to Die," was listed for $1,700,000 in September.
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East Village duplex with a dreamy garden and balcony asks $3.5M

All photos by Rise Media

December 21, 2021

East Village duplex with a dreamy garden and balcony asks $3.5M

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For many homebuyers in New York City, outdoor space is a must-have amenity. While most will settle for any slice of green space or sliver of a balcony, this available East Village duplex offers both. The two-bedroom, two-and-a-half-bath condo at 62 East 1st Street offers a dreamy 1,000-square-foot backyard garden and patio, with a spacious balcony above it. The home is now on the market for $3,488,000.
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Plan for Bjarke Ingels-designed high-rises and public beach in Williamsburg is approved

All renderings: James Corner Field Operations and BIG- Bjarke Ingels Group

December 20, 2021

Plan for Bjarke Ingels-designed high-rises and public beach in Williamsburg is approved

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Two massive high-rise towers with over 1,000 apartments and a resilient waterfront public park are officially coming to Williamsburg. The New York City Council last week voted to approve River Ring, a development planned for River Street between North 1st and North 3rd Streets on the Brooklyn waterfront. Developed by Two Trees Management, the project includes two mixed-use buildings designed by Bjarke Ingels Group that will hold 1,050 units of housing, with 263 of them priced below market rate, as well as a new YMCA and public park. Construction is expected to begin in 2024.
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Lottery opens for nearly 700 mixed-income units at huge Far Rockaway complex, from $388/month

All renderings courtesy of the NYC Department of Housing Preservation and Development

December 20, 2021

Lottery opens for nearly 700 mixed-income units at huge Far Rockaway complex, from $388/month

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A housing lottery opened this week for 692 affordable apartments at a brand new development in Far Rockaway, Queens. Developed by Phipps Houses, the Rockaway Village Apartments consist of three buildings within a massive complex, which is currently under construction on site of a former abandoned shopping center. New Yorkers earning 30, 40, 50, 60, 80, and 100 percent of the area median income can apply for the lottery units, which range from $388/month studios to $1,885/month three-bedrooms.
Details here
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