Real Estate Trends

At the top of a newly-minted CetraRuddy-designed building in a classic downtown Manhattan neighborhood, 6sqft can now share an exclusive first look at a newly-available penthouse atop One Essex Crossing at 202 Broome Street. If you love marble, luxury finishes, outdoor entertaining, and above-it-all views, you'll want to check out this sleek aerie overlooking the Lower East Side. Priced at $4,985,000, it's the headline-stealing 14-story building's last two-bedroom penthouse, with 1,693 square feet of interior space and over 700 square feet of private terrace.
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Baz Luhrmann’s Gramercy townhouse hits the rental market for $75K/month

All photos courtesy of Nina Poon/MW Studio for the Corcoran Group

September 8, 2022

Baz Luhrmann’s Gramercy townhouse hits the rental market for $75K/month

Famed director Baz Luhrmann's Gramercy Park townhouse could be yours to rent for $75,000/month. Located at 243 East 17th Street, the six-bedroom home spans five stories and overlooks Stuyvesant Square Park. The extravagant townhouse is also available for purchase. Luhrmann and his wife Catherine Martin first listed the home for $19,995,000 in March but later dropped the price to $18,999,500, as first spotted by the New York Post.
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Boutique Noho condo relaunches sales with stylish $8M duplex

All photos by Allyson Lubow for The Corcoran Group

September 7, 2022

Boutique Noho condo relaunches sales with stylish $8M duplex

Six years and one unit sold later, boutique Noho condo 22 Bond Street relaunched sales last month, with a sleek three-bedroom duplex now on the market. Designed by BKSK Architects, the six-unit luxury building first launched sales in 2016 but residences, all of which are three-bedroom duplexes with private outdoor space, have struggled to sell. Asking $8,000,000, the available apartment measures over 2,900 square feet and has a balcony that overlooks the building's lush multi-level garden.
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Tribeca’s historic skybridge building finally sells for $24M

All photos courtesy of Eitan Gamliely for Sotheby’s International Realty

August 29, 2022

Tribeca’s historic skybridge building finally sells for $24M

After nearly a decade on the market, a Tribeca home that has its own skybridge has sold for $24,000,000 in an off-market sale. The unusual listing included a townhouse at 9 Jay Street and a separate loft condo at 67 Hudson Street, connected by the famed footbridge suspended over Staple Street. The deal sets a new record for the highest per square foot sale for a townhouse in the neighborhood.
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A Brooklyn Heights penthouse with French flair and panoramic harbor views asks $8.5M

Photo credit: DD Reps/Stribling/Compass

August 24, 2022

A Brooklyn Heights penthouse with French flair and panoramic harbor views asks $8.5M

The penthouse at One Brooklyn Bridge Park at 360 Furman Street owned by Elizabeth Stribling, founder of real estate firm Stribling & Associates, which was sold to Compass in 2019, is for sale for $8,500,000. The Brooklyn Heights condo–a combination of two units adding up to 3,440 square feet–is wrapped on all sides by a terrace and blessed with 360-degree views of New York Harbor, the Manhattan skyline, and the Statue of Liberty. As the Wall Street Journal reports, the home's current owner is a devoted Francophile; French inspirations and old-world European style can be found throughout the home, including salvaged antique French oak herringbone floors, heavy wooden pocket doors, fossilized marble fireplace mantles, a Lacanche range, custom millwork, and a powder room sink inspired by the milk basin in the Palace of Versailles.
Rentrez!

Neil Patrick Harris and David Burtka fetch $6.99M for five-story townhouse, a new record for Harlem

All photos courtesy of Will Ellis / DDreps

August 23, 2022

Neil Patrick Harris and David Burtka fetch $6.99M for five-story townhouse, a new record for Harlem

Neil Patrick Harris and David Burtka sold their Harlem home earlier this year for $6,990,000, setting a new townhouse record for the Manhattan neighborhood. The couple picked up the property at 2036 Fifth Avenue in 2013 for nearly $3,600,000 and conducted a thorough renovation of the historic home, which was constructed in 1908 as a bed and breakfast. The new neighborhood record breaks the one set in April by the home at 32 Mount Morris Park, which sold for $6,400,000.
Details here

Janet Jackson sells her Central Park West home for $8.8M

All photos courtesy of Yoo Jean Han for Sotheby’s International Realty

August 22, 2022

Janet Jackson sells her Central Park West home for $8.8M

Janet Jackson sold her Upper West Side apartment for $8,800,000 last month, slightly below the initial asking price. As the Wall Street Journal first reported, the pop star's three-bedroom condo in the Trump International Hotel and Tower at 1 Central Park West hit the market in April for $8,995,000. Jackson has owned the home since 1998 but has not lived there since the pandemic.
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See inside One Wall Street, the largest office-to-residential conversion in NYC

Photo credit: Evan Joseph for Macklowe Properties

August 17, 2022

See inside One Wall Street, the largest office-to-residential conversion in NYC

A New York City Art Deco landmark is showing off its second act as a luxury residential tower. Once one of New York's tallest office buildings, One Wall Street now boasts a new superlative: the largest office-to-residential conversion in the city's history. Developed by Macklowe Properties, the 566-unit tower sits within the restored former Irving Trust Company Building, designed in 1931 by famed architect Ralph Walker. New images of the residences and innovative co-working space were released this week, providing a first peek inside one of the city's most unique new residential buildings.
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Leasing launches at Bedford Union Armory rental in Crown Heights, studios from $2,875/month

Renderings courtesy of Pax Brooklyn; Photos courtesy of QuallsBenson, unless otherwise noted

August 16, 2022

Leasing launches at Bedford Union Armory rental in Crown Heights, studios from $2,875/month

Leasing launched this week at a new mixed-income rental building that is part of the redeveloped Bedford Union Armory complex in Crown Heights. Located at 1101 President Street, The Arch rises 16 stories, contains 355 rental units, and offers residents amenities like a furnished rooftop, indoor-outdoor gym, and a work-from-home business center. The more than 160 market-rate apartments start at $2,875/month for a studio, $3,212/month for a one-bedroom, $4,514/month for a two-bedroom, and $5,675/month for a three-bedroom, according to the building's website.
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This $1.9M West Village pre-war condo has all the interior style of a chic design hotel

Situated on a coveted quad of West Village streets on Abingdon Square, 302 West 12th Street has the classic New York City cachet of being a Bing & Bing building. Within the building, this perfect-sized one-bedroom unit, asking $1,875,000, boasts pre-war charm and condominium flexibility enhanced by stunningly chic renovated interiors, from a colorful European-style kitchen to a vintage-modern bath.
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See inside the new theater, music, and culinary spaces at The Towers of the Waldorf Astoria

Photo credit: Noë & Associates / The Boundary

August 10, 2022

See inside the new theater, music, and culinary spaces at The Towers of the Waldorf Astoria

The Towers of the Waldorf Astoria has released a first look inside two new amenities spaces that honor the iconic hotel’s connection to music history and culinary innovation. The Stage & Screen Theater and The Chrysler Room were designed to add to the building's glamorous history while introducing a new era for the celebrated Park Avenue address.
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Hugh Jackman buys penthouse at Jean Nouvel’s Chelsea condo for $21M

All photos courtesy of Douglas Elliman

August 9, 2022

Hugh Jackman buys penthouse at Jean Nouvel’s Chelsea condo for $21M

Australian actor Hugh Jackman has bought a full-floor penthouse in Chelsea for $21,125,000. As first reported by the Wall Street Journal, the four-bedroom condo sits at the top of 100 Eleventh Avenue, an architectural icon designed by renowned architect Jean Nouvel. The penthouse boasts unparalleled 360-degree views of Manhattan and the Hudson River.
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Andy Cohen buys West Village penthouse with two floors of outdoor space, last listed for $18.3M

All photos courtesy of Brown Harris Stevens

August 4, 2022

Andy Cohen buys West Village penthouse with two floors of outdoor space, last listed for $18.3M

TV host Andy Cohen has bought a palatial West Village penthouse that boasts two floors of outdoor space. As first reported by the New York Post, the home sits atop 299 West 12th Street, a 17-story pre-war condominium built by iconic developer Bing & Bing and designed by Emery Roth. The home has nearly 3,000 square feet of interior space, along with roughly 2,000 square feet of terrace space that offers unique unobstructed city and Hudson River views. While it's not yet known what Cohen, who lives on nearby Horatio Street, paid for the three-bedroom apartment, it was last listed for $18.3 million.
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Cara Delevingne buys Jimmy Fallon’s Gramercy penthouse for $10.8M

Photo by Yale Wagner for Sotheby’s International Realty

August 3, 2022

Cara Delevingne buys Jimmy Fallon’s Gramercy penthouse for $10.8M

Supermodel Cara Delevingne purchased Tonight Show host Jimmy Fallon's Gramercy Park penthouse for $10,800,000 in an off-market deal, according to CityRealty and confirmed by property records. Located at 34 Gramercy Park East, the four-unit triplex combo penthouse was last listed for $15,000,000. The colorfully-decorated home has six bedrooms, five bathrooms, and office space, in addition to a number of unique features. Measuring 5,000 square feet across three floors, the residence has a custom staircase that connects all three levels, and even secret passageways, as 6sqft previously reported.
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August 2, 2022

Here are Manhattan’s 10 best-selling residential buildings in Q2 2022

The second quarter of 2022 is expected to be Manhattan's strongest on record due to a surge in the borough's ultraluxury market, according to a market report from CityRealty. While transaction volume decreased 11 percent year-over-year, an increased demand, low inventory, and a small number of new residential developments have caused prices to rise. Between April and June, the average sales price for a residential unit in Manhattan was $2.19 million, up 9 percent from its $2 million average in Q2 of 2021. Ahead, find a round-up of the top 10 residential buildings by aggregate sales in Manhattan during the second quarter of 2022.
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Real Estate Trends

463 affordable units available at luxury LIC rental with sweeping city views and a waterfront park

All renderings courtesy of VUW Studio

August 1, 2022

463 affordable units available at luxury LIC rental with sweeping city views and a waterfront park

At a time when finding an affordable apartment in New York City feels impossible, here’s an opportunity to live in a luxury Long Island City building for less. A housing lottery has launched at Gotham Point, a two-tower mixed-use development in Hunter’s Point South with 1,132 apartments, a majority of which are priced below the market rate. After welcoming its first residents to the South tower this spring, the taller North tower is now accepting applications for 463 rent-stabilized rentals at 1-15 57th Avenue, Long Island City, NY. The 58-story building is open to New Yorkers earning between 30 percent and 165 percent of the area median income (AMI), or between $16,183 and $273,075 annually.*
Find out if you qualify

As rents increase in New York City, so do evictions

Photo courtesy of CityRealty

July 28, 2022

As rents increase in New York City, so do evictions

The number of evictions in New York City has increased every month from January to June, according to new city data. The state's eviction moratorium expired on January 15 after officials extended it several times after it first took effect in March 2020, at the start of the pandemic. The data comes as more bad news for renters, who are facing record-high rents after prices fell early on in the pandemic.
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Apply for 160 affordable units at Bedford Union Armory complex in Crown Heights, from $465/month

Image courtesy of the NYC Department of Housing Preservation and Development

July 21, 2022

Apply for 160 affordable units at Bedford Union Armory complex in Crown Heights, from $465/month

Applications are now being accepted for 160 affordable units at a new rental in the Bedford Union Armory redevelopment in Brooklyn. Located at 1101 President Street in Crown Heights, the building offers residents brand new units and a prime location near Prospect Park. New Yorkers earning 30, 40, 50, and 60 percent of the area median income, or between $18,515 for a single person and $99,300 for a household of seven, are eligible to apply for the apartments, which range from $465/month studios to $1,841/month three bedrooms.
Find out if you qualify

Average Manhattan rent tops $5,000 for the first time ever

Photo by Dimitry Anikin on Unsplash

July 14, 2022

Average Manhattan rent tops $5,000 for the first time ever

According to a June market report, the average rental tab in Manhattan has surpassed $5,000 for the first time in the city's history, the New York Post reports. The recent numbers, compiled by Douglas Elliman and Miller Samuel, show that the average Manhattan rent was $5,058 per month in June, a 1.7 percent uptick from the $4,975 May average–and a head-spinning 29 percent year-over-year spike from the $3,922 June 2021 average.
Brooklyn, Queens rents are up, too

Real Estate Trends

$74.34M penthouse at Aman New York is NYC’s biggest sale of the year

All renderings courtesy of Aman New York

July 8, 2022

$74.34M penthouse at Aman New York is NYC’s biggest sale of the year

A penthouse on New York City's Billionaires' Row has sold for $74.34 million, the highest closed sale of 2022 so far. Taking up the entirety of the 20th floor of the Aman New York, a new hotel and residential project at the iconic Crown Building on Fifth Avenue, the home measures over 6,700 square feet and features a private saltwater swimming pool, cabana, and two terraces. The apartment--dubbed the "Jala Penthouse"--was originally listed for $83.53 million.
Details this way

Amy Schumer buys Brooklyn Heights townhouse from ‘Moonstruck,’ last listed for $11M

All photos by Evan Joseph courtesy of The Corcoran Group

July 6, 2022

Amy Schumer buys Brooklyn Heights townhouse from ‘Moonstruck,’ last listed for $11M

Amy Schumer is in contract to buy the Brooklyn Heights townhouse featured in the 1987 movie Moonstruck. As first reported by the New York Post, the actress-comedian has toured multiple homes in the historic neighborhood and put an offer on the corner property at 19 Cranberry Street, which was most recently listed for $11,000,000 after first hitting the market last summer for $12,850,000.
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Photo courtesy of Brown Harris Stevens

June 30, 2022

For $7.5M, a two-condo combo means house-sized space and twice the high-floor views

Near the top of the sleek glass tower at 10 West End Avenue, this 3,383-square-foot condominium residence shares the floor with only one other apartment. The two-unit combination means there are two distinct wings–and two full kitchens–within its sprawling footprint, with a four-bedroom (with room for more) configuration that's perfect for entertaining while maintaining private living quarters. Glass-wrapped rooms with three exposures mean panoramic views of the Hudson River, the George Washington Bridge, and the Empire State Building through floor-to-ceiling windows.
See more of this sprawling glass-clad pad

Photo courtesy of Brown Harris Stevens

June 29, 2022

Spend the summer entertaining outdoors on the terrace at this $9.2M Upper West Side condo

Pre-war apartments with their high ceilings and gracious proportions rarely come in condo form, so this 3,200-square-foot condominium residence in The Olcott at 27 West 72nd Street is something of a find to start with. In addition to three-convertible-to-four bedrooms, the Upper West Side home, asking $9,200,000, has plenty of indoor entertaining space. But the best thing about it might be the sprawling terrace that's the size of a townhouse garden–all in a full-service building on a Central Park block.
Private outdoor living, this way

June 24, 2022

Empty Financial District offices at 55 Broad will be converted to 571 apartments