Real Estate Trends

November 14, 2014

Gorgeous Penthouse Condo Offers All the Thrills of Greenwich Village

As a neighborhood, Greenwich Village offers a taste of almost everything that makes people dream of living in New York–eclectic restaurants, vibrant nightlife and shopping and world-famous community events, all in a low-scale, family-friendly neighborhood. Now you can enjoy all of the benefits of living in one of the best neighborhoods in the world, as this impeccable five-bedroom penthouse condo just popped up on the market. Located at 29 East 10th Street, this seriously gorgeous piece of real estate is currently listed for $14.995 million and offers the privacy of townhouse living with the ceiling heights and proportions of a classic Downtown loft.
Tour the rest of the home here

November 14, 2014

Lindsay Lohan Rents Financial District Apartment

By Annie Doge

LiLo is moving to FiDi. When she wraps up her run of “Speed the Plough” on London's West End, Lindsay Lohan will cross the pond straight to the Financial District, where she's inked a deal on a 700-square-foot apartment at the W New York Downtown at 123 Washington Street, according to the Daily News. The one-bedroom pad was originally listed for $2 million and then as a $5,000/month rental, though there's no confirmed word on exactly what Lindsay, along with her sister Ali, will be paying. But the Lohan girls will have plenty of celeb neighbors, including Kate Upton and Bow Wow.
Take a look inside LiLo's new home

November 13, 2014

Even More Skyscrapers Set for NYC: Living in the Sky Part III

By Ondel Hylton

We recently brought you parts one and two of our tallest residential skyscrapers series, which totaled 63 projects poised to scrape the sky. But this list doesn't even take into consideration the development boom occurring in Jersey City, unreleased plans on the drawing board, and the numerous office and hotel projects also rising throughout the city. So here you have it, part three of the series to complete our look at NYC skyscrapers.
Check out the list here

November 13, 2014

One57 Is the City’s Most Expensive Condo Building

By Diane Pham

15 Central Park West has held strong as the most expensive condo building in New York City for the last two quarters, according to CityRealty. But while perusing their latest report we were led to their dynamic CR100 building list which reveals that.... wait for it... One57 is, as we speak, the most expensive building in the city. With an average closing price of $6,703 per square foot, this building boasts a per-square-foot premium of $286 per square foot over its predecessor, 15CPW. Units currently up for grabs also top the charts at an incredible $6,719 per square foot.
READ MORE

Real Estate Trends

November 13, 2014

Real Estate Wire: Paris Hilton Buys Noho Penthouse; $51M Tribeca Condo Could Set Downtown Sales Record

By Dana Schulz

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. […]

Real Estate Trends

November 12, 2014

Light Installation Artist James Turrell Sells Gramercy Park Apartment for $2M

By Dana Schulz

From June to September of 2013, crowds were flocking to the Guggenheim for a chance to stare up at the famous rotunda, recast as an enormous volume filled with shifting artificial and natural light. Titled Aten Reign, the show cemented installation artist James Turrell's reputation as a major cultural force in New York City. But now that the fanfare has died down, the Flagstaff, Arizona-based artist and his wife have sold their apartment at 26 Gramercy Park South for $2.1 million, according to city records released today.
Check out Turrell's NYC pad here

November 11, 2014

Real Estate Wire: Thousands of New Apartments Coming to LIC; Bryant Park’s Mallification

By Diane Pham

A map of all the new residential towers going up in Long Island City around Queens Plaza and Court Square. [DNA Info] The mallification of Bryant Park. [NYO] The tiniest development lot in the city will house a five-story building. [TRD] The site of a Mobil station in Downtown Brooklyn has hit the market for […]

Real Estate Trends

November 10, 2014

Real Estate Wire: What Will Manhattan’s Skyline Look Like in 2018?

By Diane Pham

A fantastic projection of what Manhattan’s skyline could look like in 2018. Things are getting very tall and crowded, to say the least. [CityRealty] A month after launching sales, a quarter of the Beekman Residence’s 68 condos are under contract for an average price of $2,200 per square foot. [TRD] Research who your future neighbors will be. [NYT] The Coney Island […]

Real Estate Trends

<b>Quooklyn: The Rise of Ridgewood and Why Your Friends Will be Moving There</b>

Photo © Cameron Baylock

November 10, 2014

Quooklyn: The Rise of Ridgewood and Why Your Friends Will be Moving There

By Michelle Cohen

Among neighborhoods primed to be the next untapped frontier, Ridgewood isn’t a newcomer. This low-key community on the western border of Queens has seen a steady migration of L-train riders, including the young and restless fleeing Williamsburg and professionals looking for a safe, accessible, quiet ‘hood to call home. In New York City, where every square foot vies for “next big thing” status, Ridgewood is a smart alternative to its headline-stealing North Brooklyn neighbors, Bushwick and Williamsburg, for anyone looking to invest in an up-and-coming residential area.
More on the rise of Ridgewood this way

November 10, 2014

Actor Tate Donovan Buys $1.8M Chelsea Condo

By Annie Doge

You probably recognize actor and director Tate Donovan from The O.C., 24: Live Another Day, and the short-lived Hostages (and as the former fiancé of both Jennifer Aniston and Sandra Bullock). And now you might be running into him in Chelsea. According to city records published today, Donovan purchased a $1,775,000 condo at 428 West […]

Neighborhood Revival: Brooklyn’s Columbia Street on a Comeback

By Bonnie Clark

It’s not a shocker that some Brooklyn neighborhoods are outselling their Manhattan counterparts. What’s a bit of a surprise is that the Columbia Street Waterfront District, a quirky 22-block enclave wedged between Red Hook and the Brooklyn-Queens Expressway, is one of them. Until recently, Columbia Street was known as a far-flung and largely forgotten strip that fell victim to Robert Moses’s highway expansion project—the BQE—which, when built on a below-ground slice of Hicks Street in 1957, severed the area from the rest of Carroll Gardens and Cobble Hill, breaking up what was then “South Brooklyn” into distinct neighborhoods.
More on Columbia Street's Comeback

November 7, 2014

Debra Messing Buys $5.5M Upper East Side Apartment

By Annie Doge

Her famous Will & Grace character may have lived on the Upper West Side, but Debra Messing is crossing the park for a new home at 3 East 84th Street. According to city records filed today, the actress purchased a $5.45 million co-op at the building. The four-bedroom unit is just a half block from Central Park and boasts 10-foot ceilings, a wood-burning fireplace, Juliette balcony, and charming country kitchen.
Check out Messing's new digs here

November 7, 2014

Upcoming Condo-Hotel Overlooking Bryant Park Unveils New Dapper Look

By Ondel Hylton

An updated rendering of a ground-up, mixed-use tower along the south side of Bryant Park has been revealed on HFZ Capital Group's website. The storied site at 20 West 40th Street was acquired by HFZ after Fortieth St. Partners defaulted on a $44 million loan back in 2010. According to HFZ's project page, the development will include a 5-star hotel, restaurant and bar, and residential condominiums. Construction permits filed last month specify that the hotel-design experts Stonehill & Taylor are the architects of record.
Additional details on the project

November 7, 2014

Real Estate Wire: Printhouse Lofts Development Sells Again; Downsizing Luxury Units

By Diane Pham

Luxury condo developers are turning to smaller sized units in the face of record high land values and limited large sites. [WSJ] Is it real or is it a rendering? For those who think they have the eye, take this quiz. [WSJ] Clarion Partners has acquired the Printhouse Lofts development in Williamsburg from Greystone for […]

Real Estate Trends

November 7, 2014

Award-Winning Playwright Bathsheba Doran Buys a Skylit Clinton Hill Loft for $1.3M

By Diane Pham

It looks like British playwright Bathsheba Doran is firmly planting roots in Brooklyn with the purchase of a beautiful new loft in Clinton Hill. According to city records, the critically-acclaimed writer (who also penned season three of Boardwalk Empire) has just purchased a home at 334 Grand Avenue for $1.3 million. The lovely two-bedroom loft sits within a classic carriage house and could easily be the setting of one of Doran's riveting works. The home is naturally lit with numerous skylights punctuating almost every room, and for those peaceful moments spent contemplating life and work, this charming abode comes with its own private deck hugged by lush trees—led to, of course, by a spiral staircase. Could this loft get any cuter?
Tour this bright and beautiful apartment here

November 6, 2014

New York City’s Residential Skyscraper Boom: Living in the Sky Part II

By Ondel Hylton

You've probably realized that New York is in the midst of a skyscraper boom, but if the ubiquitous scaffolding and sidewalk detours haven't given it away, we bring you further proof — with part two of our series detailing the tallest residential towers set to rise high above the city, forever changing New York's skyline. Compared to the previous 26 projects — the tallest of the tall that included ultra-luxury and super-tall towers such as 432 Park Avenue and 125 Greenwich Street — this second batch is composed of smaller buildings ranging from 500 to 700 feet tall and features greater geographical diversity and lots more rentals. With developers scouring the city for less expensive areas to assemble properties, these often-controversial projects are slated to rise in some of our more human-scaled 'hoods such as East Harlem, South Street Seaport, and Williamsburg.
Will they all get built? Unlikely, but in any case here's our list

November 6, 2014

Real Estate Wire: Four Floors of a Brooklyn Office Building Up for $100M; Effort to Storm-Proof 70K NYC Buildings

By Diane Pham

The top four floors of a six-story Downtown Brooklyn building have hit the market for $100M. The property, located at 180 Livingston Street, comes with 165,000 square feet of fully leased office space and the potential to add another 140,000 square feet, possibly for residential use. [Crain’s] The Federal Emergency Management Agency will look into storm-proofing 70,000 NYC buildings. […]

Real Estate Trends

Fulton Center via Grimshaw Architects

November 6, 2014

Fulton Center Subway Station to Open This Monday with Its Impressive Oculus

By Dana Schulz

It's a busy couple of weeks for the Financial District. On Monday, Condé Nast moved in to One World Trade Center, and this coming Monday, November 10th, at 5:00pm, the Fulton Center subway station will finally open. The new station, which connects ten subway lines, was first conceived in 2002 as part of downtown revitalization efforts following 9/11, but also because the station had needed improvements for decades. It was initially supposed to open in 2007, but funding hurdles and escalating costs delayed the progress. More recently, Hurricane Sandy and systems testing problems pushed back the opening further. But the $1.4 billion transit hub is now ready to welcome commuters and dazzle them with its giant 120-foot-tall oculus.
Take an advance look inside Fulton Center

November 5, 2014

Andrew Franz Transforms an Old Soap Factory into a Tranquil Tribeca Oasis

By Rebecca Paul

Architect Andrew Franz is known for his nature-inspired designs, and he has successfully infused his signature aesthetic into the tranquil interior of this Tribeca home. Franz transformed a 19th century Manhattan soap factory into what is now a gorgeous example of adaptive reuse. The designer's goal for this project was to create the feeling of being outdoors when inside the walls of the Romanesque Revival building, while also maintaining as much of the original structure as possible. By combining modern clean lines and open spaces with rustic wooden columns and raw brick walls, Franz creates a visual narrative celebrating the preservation of something old in the creation of something new and beautiful.
READ MORE

November 5, 2014

Real Estate Wire: How Housing Shifts Demographics; Piet Boon’s Oosten Takes Shape

By Diane Pham

Piet Boon‘s Oosten is rising rapidly on its Williamsburg site. See how far construction has come along. [Brownstoner] Learn how housing can shift the demographics of an area. [Curbed] Brooklyn’s development boom is spreading to Clinton Hill. This map shows a handful of new projects in the pipeline. [DNA Info] The LES Lobster Joint will close to […]

Real Estate Trends

November 5, 2014

POLL: Can One World Trade Center Get to 100% Occupancy?

By Dana Schulz

On Monday, anchor tenant Condé Nast moved into One World Trade Center. It was, of course, a significant day for many reasons, but it left a lot of people wondering if they would feel comfortable working in the 104-story tower. And since the building is currently only 58% leased, we want to know if you think One WTC […]

Real Estate Trends

November 4, 2014

Real Estate Wire: Pearl Paint Building on Canal Sells to Vornado; Tips for Cohabiting Couples

By Diane Pham

Vornado has purchased the Pearl Paint building on Canal Street for $16.4M. [TRD] Tips for couples cohabiting for the first time. [Brick Underground] The Brooklyn Public Library is pondering knocking down its one-story Sunset Park branch library and replacing it with an eight-story building boasting a bigger library topped with affordable rental apartments. [DNA Info] Checking in on the […]

Real Estate Trends

November 4, 2014

Midtown Site of the Iconic Lutèce Restaurant Sells for $17M – Will It Be Demolished?

By Diane Pham

These three townhouses may not look like much to you, but they've for decades been making appearances in pop culture, from the penned to motion pictures, including The Prince of Tides, Wall Street, Crossing Delancey, and most recently, Mad Men. Located at 249-253 East 50th Street, this site once housed the world-renowned Lutèce restaurant. Though today the structures can be described as dilapidated at best, that hasn't stopped a group of Chinatown investors from scooping up the properties for $17 million from East 50th Development LLC. Now in new hands, what's up next for this famed locale?
More details here

November 3, 2014

Staten Island’s Abandoned 45-Acre Farm Colony Will Be Revitalized to Include a Massive Public Park

By Diane Pham

Staten Island's renaissance continues to move full steam ahead as the Landmarks Preservation Commission has unanimously approved the rehab of the long-abandoned poorhouse and farm located on the oft forgotten borough. Curbed reports that the New York City Farm Colony will be redeveloped into 350 units of senior housing with some retail space in a new eco-minded project called 'Landmark Colony'. The plan, which is being spearheaded by NFC Associates in cooperation with the New York City Economic Development Corporation and Vengoechea + Boyland Architecture was lauded for its site-sensitive design and ample green space.
find out more here

November 3, 2014

Real Estate Wire: 15 of NYC’s One-Block Streets; Great Ground-Floor Apartments

By Diane Pham

More Goldilocks Blocks; here are 15 one-block streets in NYC. [Untapped Cities] Great ground-floor apartments that aren’t dark and grim—like this one located in a former seminary. [Curbed] The case for the pied-a-terre tax: All apartments take advantage of major city services—be it police, fire, courts, or sanitation. It’s these city services that make New York City […]

Real Estate Trends

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