Bed-Stuy

By Ondel Hylton and Julian Friedman

For over a year, it's been a guessing game with just how expensive 220 Central Park South's penthouse will actually be. Initial murmurings put the price at $175 million, but later reports that claimed hedge fund tycoon Ken Griffin was the buyer upped it to $200 million. The guessing is over, though, as The Real Deal has obtained an amended offering plan filed with the New York Attorney General, which shows that the 23,000-square-foot, four-floor "billionaire's bunker" will cost a mind-boggling $250 million (or $11,000 per square foot), making it by far the city's most expensive apartment.
Check out the insane floorplans

Uncategorized

April 25, 2016

First Look StudiosC’s Bed Stuy Rental Underway at 1875 Atlantic Avenue

Over the next decade, Brooklyn's Atlantic Avenue will likely continue its transformation from high-speed deathtrap to high-density residential boulevard. With more than a dozen projects already taking shape near its western extents, such as the 16-tower Pacific Park project, Cobble Hill's LICH redevelopment, and a pair of towers at Brooklyn Bridge Park, it's not difficult to imagine infill developments progressing eastward, rising from the acres of underutilized land along the ten-mile artery. And in East New York, the City Council just approved a rezoning of the neighborhood that allows for 10- to 14-story apartment blocks to rise along Atlantic Avenue. In Bedford-Stuyvesant, in between the two much-discussed areas, StudiosC Architects has crafted an eight-story apartment block at 1875 Atlantic Avenue, which will contain 118 rental units.
Get all the details on the building

April 18, 2016

Robert A.M. Stern’s 220 Central Park South Gets Stoned; New Renderings and Construction Shots

At the forefront of Midtown's high-rise sierra, a new peak is emerging. Simply addressed 220 Central Park South, the two-winged development is being designed by celebrated historian and poet of the city's skyline Robert A.M. Stern and developed by commercial and retail heavyweights Vornado Realty Trust. The tower portion of the complex has already ascended some 300 feet above street level and is noticeable from many parts of Central Park. Ultimately, it will stand 66 stories, 950 feet high, making it among the tallest residential buildings in the city. The exclusive, Central Park South-fronting wing, dubbed "The Villas" is up to the third of 17 stories and will be topped by a palatial quadplex penthouse. Earlier this month, the tower's warm limestone cladding was being applied to the lower mechanical floors, which will have 18- to 24-foot-high ceilings, boosting the building's height by more than 100 feet and allowing nearly all its residences to possess Central Park views. To coincide with the construction work, Vornado recently published a collection of new renderings in a property portfolio, showing us for the first time several new looks at the project, including three full-scale views from Central Park and close-up looks at the base, porte-cochere, and an upper-level interior.
Check out the renderings and construction shots right here

April 15, 2016

Bed-Stuy Townhouse Beauty With Modern Upgrades Asks $2.75 Million

By Emily Nonko

Bed-Stuy, Brooklyn is known for its stock of townhouses, many of which still retain incredible amounts of historic details. This one, at 17 Madison Street, has been renovated in a way that tastefully retains features like woodwork, parquet floors, marble mantlepieces and wainscoting. And beautiful interior design, on top of that, is the icing on the cake.
Take an interior tour

Distinctive Homes

March 21, 2016

The Sale of This $2.8M Stuyvesant Heights Corner Limestone Beauty Will Benefit Creative Kids

There's so much to love about this 4,100-square-foot, four-story limestone townhouse at 271 Stuyvesant Avenue we hardly know where to start. For lovers of historic homes, this 1890s townhouse has a bounty of intact original details on every floor, from fireplaces to inlaid parquet floors to moldings and wainscoting. It's in a great corner spot in the prized Stuyvesant Heights historic district, the Bed-Stuy neighborhood known for its rows of architecturally notable brownstones and limestones. There's outdoor space and a deck; use the garden-level apartment for extra income (or live in the lower unit, with the yard and finished cellar). But perhaps the most rare blessing of this property is that proceeds from the sale of the $2.795 million home will "enable the launch of a non-profit creative residency for marginalized youth," founded by the current owner, renowned photojournalist and Guggenheim Fellow Brenda Kenneally.
Tour this amazing historic townhouse

March 10, 2016

Property Markets Group Shares New Eye Candy of 111 West 57th Street

Here's a new set of images of Property Markets Group's and JDS Development's 111 West 57th Street. In case you haven't been paying attention, the highly-anticipated tower will be among the tallest residential skyscrapers in the world, climbing some 1,421 feet high to its tip. Designed by SHoP Architects, the feathery spire is sheathed in terra cotta, bronze and a glass curtain wall. The tower will be the most slender skyscraper in the world with a height to width ratio of 24:1.
More renderings ahead

March 10, 2016

Closing Time at 432 Park: A Look at the Numbers at NYC’s Tallest and Most Expensive Building

Closings at Macklowe Properties/CIM Group‘s Billionaires’ Row blockbuster 432 Park Avenue officially commenced just eight days into the new year, and now that enough time has gone by for these sales to be re-listed as rentals, CityRealty has put together an informative infographic that takes a look at the numbers at New York City's tallest and most expensive residential building. There's a lot of fun and fascinating info to be found ahead, but one of the most surprising facts? Of the 141 units available, only 13 have sold to date.
See the full infographic here

City Planning Commission Approves Controversial East New York Rezoning Plan in 12-1 Vote

Map of proposed rezoning via Department of City Planning

February 25, 2016

City Planning Commission Approves Controversial East New York Rezoning Plan in 12-1 Vote

The New York City Planning Commission voted 12-1 in approval of Mayor de Blasio's controversial rezoning plan for East New York, Gothamist reports. It's the first of 15 low-income neighborhoods scheduled for rezoning as part of the Mayor's affordable housing plan, which promises to create or preserve 200,000 units of affordable housing. The City Council is scheduled to vote on the rezoning this spring. As part of what is known as Mandatory Inclusionary Housing (MIH), rezoning plans for East New York's Cypress Hills neighborhood and adjacent Ocean Hill in Bed-Stuy would have 7,000 new apartments built by 2030, 3,447 of which will be designated affordable, in addition to one million square feet of commercial space. Of those affordable units, 80 percent would be reserved for families (defined as a household of three, with any number of earners) making no more than 60 percent of the Area Median Income (AMI), or $46,000; 27 percent would go to families making 40 percent of the AMI or $31,000.
Find out more

February 16, 2016

My 1,640sqft: Inside Chef Devin Gaffney’s Rent-Stabilized Classic Six on Billionaires’ Row

Our ongoing series “My sqft” checks out the homes of 6sqft’s friends, family and fellow New Yorkers across all the boroughs. Our latest interior adventure brings us to chef Devin Gaffney's Central Park South home. Want to see your home featured here? Get in touch! Whenever 57th Street and the few blocks that cluster Central Park South make the news, headlines usually swirl around how there's a brand new multi-billion dollar tower on the rise or how a condo in One57 just broke some city record. But lest we forget, many mere mortals like ourselves still fill out the more elfin edifices surrounding these supertalls. One such resident is Devin Gaffney, a chef (he's whipped up dishes at Brooklyn's beloved Speedy Romeo and No. 7) who not only grew up in the area, but moved away, spent 10 years in Brooklyn, and then moved back to the island into the same apartment he called home during his formative years. Ahead, Devin takes us through his eclectic, art-filled (many works centuries-old) classic six in a 1913 construction built for musicians just a block from Carnegie Hall, a block from Central Park, and right smack in the middle of one of New York City's most coveted and most expensive areas.
Go inside Devin's home here

February 12, 2016

Revealed: Central Park Tower Shows Off Its Retail Base

Now dubbed the Central Park Tower, Extell's 1,550-foot-tall supertall on Billionaires' Row was originally known as the Nordstrom Tower, so named because of its ground-floor tenant who will be opening their first Manhattan flagship store. But despite the fact that we architecture nerds were saying "Nordstrom" for years, we had no idea how the store would actually factor into the 95-story building's overall design (which was recently knocked down from a whopping 1,775 feet with the loss of its spire). But now, the Seattle Times (the department store is based out of the Washington city) has revealed renderings of the retail base, reports NY Yimby.
All the details and renderings

February 10, 2016

Live in a Former Bed-Stuy Underwear Factory With City Views and Rustic Flair for $895K

This converted two-bedroom condominium is located within a former industrial building in an equally industrial, but rapidly changing, stretch of Bed-Stuy near the Clinton Hill border, with the Navy Yard just to the north. In what was once the Kaiser Underwear Factory at 970 Kent Avenue, you'll find open city views, 12-foot ceilings, a wall of city-facing windows and wide-plank wood floors setting the stage for a cool loft feeling. Recently renovated by the current owner, the home's interior has been transformed into quite a unique living space, and it's now on the market for $895,000.
See the whole space

Distinctive Homes

February 5, 2016

432 Park Avenue’s First Recorded Sale Just Became Its First Listed Rental for $60K a Month

Less than a month after 432 Park Avenue recorded its first sale at $18,116,000, the first unit to close at the Billionaires' Row blockbuster has appeared on the rental market for $60,000 a month (h/t Curbed). As 6sqft previously reported, "The unit is #35B, a massive 4,003-square-foot, three-bedroom pad with four-and-a-half baths, a private elevator landing, and 10-foot by 10-foot windows providing southern and western exposures with park views." It was purchased via an LLC, 432 PARKVIEW, but now that it's been re-listed as a rental, it's also the first apartment whose interiors we get a peek at outside the generic, digitally-enhanced promotional images that accompany listings.
Take a look at the generic, non-digitally-enhanced interiors

Savanna Fund Files Permits to Demolish Billionaires’ Row Building

500-foot tall massing model depicted at the site. Image courtesy of CityRealty

January 29, 2016

Savanna Fund Files Permits to Demolish Billionaires’ Row Building

New York City-based real estate private equity firm Savanna Fund has filed permits with the Department of Buildings to demolish a 12-story, 36,000-square-foot office building at 106 West 56th Street. No plans for the 5,000-square-foot lot have been announced, but its location along Billionaires' Row and three blocks south of Central Park makes it well suited for another slender residential or hotel tower. The 50-foot by 100-foot lot is zoned at one of the city's highest as-of-right densities and could therefore yield a building of roughly 80,000 square feet of zoning area without any development rights transfers. Above 350 feet in height, north facing spaces would have partial views of Central Park.
More details ahead

New Developments

January 23, 2016

$2M Historic Bed-Stuy Brownstone Comes With an Ethereal Interior

By Emily Nonko

There really is something dreamy about the interior of this Bed-Stuy home at 231 Decatur Street. From the outside, it looks like a well-kept, historic townhouse -- prominent Brooklyn architects Axel Hedman and Eli Bishop designed this barrel-front, Renaissance Revival-style brownstone in 1897. The interior is chock full of historic detailing, too, like intricate mantels and woodwork, decorative fireplaces and stained-glass windows. The design, very bright and white, compliments those old details well, and gives the spaces an ethereal feel. If we could pick any Brooklyn brownstone to show up in our dreams, this would be the one.
See the interior

Distinctive Homes

January 8, 2016

432 Park Avenue Records Its First Blockbuster Closing at $18.1M!

And so it begins! Closings at Macklowe Properties/CIM Group's Billionaires' Row blockbuster 432 Park Avenue have officially commenced with its first sale showing an impressive $18.116 million figure, as city records released this afternoon reveal. The unit is #35B, a massive 4,003-square-foot, three-bedroom pad with four-and-a-half baths, a private elevator landing, and 10-foot by 10-foot windows providing southern and western exposures with park views. Documents show that the palatial home was purchased via a LLC, 432 PARKVIEW.
more on the sale and the floor plan here

Should the City Impose a ‘Window Tax’ for Billionaires’ Row Central Park Views?

Google Earth rendering from CityRealty showing some of the supertalls around the south end of Central Park

December 31, 2015

Should the City Impose a ‘Window Tax’ for Billionaires’ Row Central Park Views?

"The builders are charging up to $100 million for apartments that offer helicopter views of lush foliage, jagged skylines, soothing rivers and angelic clouds. They lure the superrich, many with suspect foreign assets, to sky-high mansions. They enrich themselves by exploiting weak zoning rules to pour hideous implants into Manhattan cavities." All of this, says Max Frankel, who was the executive editor of The Times from 1986 to 1994 and lives half a block from Central Park, may need some consequences. And he wonders if this should come in the form of a "user fee," where residents of these Billionaires' Row towers would have to pay a monthly "window tax" based on how high in a given tower their unit is located. And according to his "back-of-the-envelope calculations," this could bring in roughly $1 million a year per building for the city to use on public projects like street work, parks, education, and affordable housing.
More details ahead

December 22, 2015

Stubby Shotgun-Style House Asks $775K in East Bed-Stuy

By Emily Nonko

Bedford-Stuyvesant, Brooklyn is a neighborhood that's famed for its architecture: majestic Italianate, Neo-Grec, Romanesque Revival and Queen Anne townhouses, churches and schools line a majority of the side streets. But this little house, at 288 Chauncey Street in East Bed-Stuy, stands in a category all its own. It looks more "New Orleans shotgun house" than Brooklyn townhouse, although it does boast a classic, historic cornice. It's also rare to see a townhouse in the neighborhood that's so stubby, with a one-story front facade (The home is actually a compact two-story, but the lower level sits mostly underground). What's even the proper price tag for such an oddball home? A few years ago, it was asking $350,000, but now that the Bed-Stuy market is so hot it's aiming high with an ask of $775,000.
Check out the interior

December 10, 2015

This Pint-Sized Penthouse Has Two Terraces and a Big View of the Hearst Tower

A mere block from where Midtown’s newest Billionaires’ Row continues to rise along 57th Street south of Central Park, you'll find a thriving example of the classic New York City streetscape that has long-defined Midtown West, in places a jumble of skyscrapers, low-lying brick and rows of standard-issue mid-(20th)-century apartment buildings, in one of which you'll find this cozy co-op studio at 310 West 56th Street, described aptly by its listing as “the perfect pied-a-terre penthouse.” The 1964 co-op building is in a spot that’s getting more prime by the decade, already steps from the park, Columbus Circle and the Time Warner Center and blocks from Lincoln Center; then there’s that glittering condo canyon to the east and Bjarke Ingels’ game-changing Via rising to the west. The iconoclastic Norman Foster-designed Hearst Tower was among the vanguard–and it’s right across the street. Whoever lives here should probably be a fan of its gleaming white-and-glass geometric grid frame. Because they’re going to be seeing a lot of it.
Take a look

Distinctive Homes

December 7, 2015

Could This Otherworldly 102-Story Tower Covered in Ornaments Be Coming to 57th Street?

Jaded by glass boxes and architectural imitations of styles gone by? Well this fascinating design by Mark Foster Gage Architects is sure to turn your architectural world upside down. Here's our first look at their 102-story residential supertower seemingly flown in from some advanced airborne civilization in a galaxy far, far away. While details are scarce, this eagle lands in the heart of Midtown's Billionaires' Row along West 57th Street between Fifth and Sixth Avenues. The whimsical design is a habitable sculpture of sorts, adorned from top to bottom in ornaments ranging from gears and propellers to an abstracted pair of birds diving in for a landing on two wing-supported balconies. The tower is topped by a temple-like observational platform which is then crowned by a golden wreath-like structure fit for any victorious Roman general.
more eye-popping visuals this way

November 30, 2015

Infographic: The 12 Most Expensive Condo Buildings Rising in NYC

While it seems like every block in the city is host to a construction site throwing up some luxury condo building or pricey rentals, not all of these developments are created equal. Following up on their last infographic which rounded up the city's top five most expensive new developments, the data gurus over at CityRealty have culled an even more extensive list which pinpoints the 12 priciest structures going up right now. While the number of zeros that follow their combined $20,000,000,000 sellout will make your head hurt, what's even more mind-boggling is that these 12 buildings alone will count for nearly HALF of the money that'll be generated by the 200+ condo projects underway in Manhattan.
All the details here

The Most Important Towers Shaping Central Park’s South Corridor, AKA Billionaires’ Row

Carter Uncut brings New York City’s development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter kicks off a nine-part series, “Skyline Wars,” which will examine the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. To start, Carter zooms in on the biggest developments shaping the southern corridor of Central Park.

November 25, 2015

The Most Important Towers Shaping Central Park’s South Corridor, AKA Billionaires’ Row

By Carter B. Horsley

They did not come from outer space when they landed on our front yard while the NIMBY folk and the city’s planners and preservationists weren’t looking. Some are scrawny. Some are dressed like respectable oldsters. They’re the supertalls and they’re coming to a site near you.
read more here

November 17, 2015

Interactive Map Shows the NYC Skyline in 2020

"Before 2004, Manhattan was home to 28 skyscrapers 700 feet and taller. Since then, an additional 13 have been built, 15 are under construction, and 19 are proposed—47 more in all." Because of this supertall building boom, National Geographic has created an interactive map that lets users explore the NYC skyline in 2020 (h/t Untapped). The light blue buildings are those completed between 2004 and 2015; the orange are under construction; and the yellow proposed.
Get a look at the map here

New Developments

November 11, 2015

432 Park in Numbers: New Renderings and Superlatives Will Blow You Away

Now that Macklowe Properties'/CIM Group's 432 Park Avenue is nearing completion, with occupancy slated to begin in mid-2016 and 70 percent of units reportedly in contract, the development's marketing and branding agency DBOX has released a bevy of never-before-seen images of our skyline's newest icon. Being the tower of superlatives it is, it comes as no surprise that it boasts a marketing campaign to match. Employing sky-cams, drone photography, a million-dollar film, and breath-taking renderings and photography, 432 Park has perhaps the most elaborate promotional campaign ever conceived for a Manhattan condominium. With dozens of spectacular images to choose from, we hand picked a few to recap the development of this monumental supertower. We've also put together a timeline in numbers–from its record breaking height to its 1,200-pound marble sinks–to illustrate the extraordinary undertaking that has paved the way for the tower to become the most successful and desirable condominium ever erected in the city (sorry One57).
See it all right here

November 10, 2015

Developers Chop 432 Park’s Full-Floor Apartments Into Smaller, Cheaper Units

Is the city's tallest residential tower seeing a slowdown in sales? Crain's reports that 432 Park developers CIM and Harry Macklowe have begun splitting full-floor apartments at the 1,396-foot-tall tower into two with the hopes of attracting smaller ticket buyers who can't swing $80 million for a posh pad—but wouldn't be opposed to shelling out $40 million. The paper adds that the move "may signal a slowdown in sales for $50 million-plus apartments," particularly as the market gets inundated with ultra-luxe developments. "There is some concern that there aren't enough buyers who can afford apartments priced in the tens of millions of dollars—an increasingly common figure for the latest crop of ultra-luxury condos."
find out more here

November 9, 2015

Seven Floors of One57 Hit the Market for $250 Million

It may not be the penultimate $100 million penthouse, but an investor with enough dough can still make headlines buying into the city's most expensive condo tower. According to the Journal, Extell is selling a block of 38 rentals in its blockbuster One57 for $250 million. The paper writes that unloading the units will bring the developer $3,800 a square foot, or an average of more than $6.5 million per apartment—more than double the $1,800 average of Manhattan condos sold during the third quarter.
FInd out more

November 9, 2015

Noroof Architects Transformed This $1.6M Historic Bed-Stuy Home With Modern Appeal