Real Estate Trends

Greenpoint’s 533 Leonard Condos Hit the Market Asking Above Neighborhood Average
April 27, 2016

Greenpoint’s 533 Leonard Condos Hit the Market Asking Above Neighborhood Average

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Along the southern border of Greenpoint, near Williamsburg's McCarren Park, a once charming 19th-century school building at 533 Leonard Street is completing its adaptive reuse into 13 condominiums. Three two-bedroom units were just listed on the market this week asking an average price per square foot of $1,411, a bit above Greenpoint's current average condo asking price of $1,152 per square foot. The 21,000-square-foot development is a synthesis of the Italianate-style Horace Greeley School married with a modern addition and gut-renovated interiors handled by local architects MDIM.
Check out the available units
What Are Top NFL Players’ Salaries Worth in Real Estate?
April 26, 2016

What Are Top NFL Players’ Salaries Worth in Real Estate?

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It's no secret that the NFL's top draft picks command starting salaries well into the eight-figure range, but to really put into perspective just how crazy-big their paychecks are, CityRealty's latest infographic takes a look at what the last five #1 picks could buy in Manhattan with their money. And on top of that, how these hypothetical one-off property purchases translate into real estate portfolios in their hometowns. (Teaser: Quarterback Jameis Winston could either buy a $24.95M pad at The Eldorado or 107 homes in his native Tampa, FL!)
Check out the full-size infographic here
First Look StudiosC’s Bed Stuy Rental Underway at 1875 Atlantic Avenue
April 25, 2016

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

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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
Construction Update: Perch Harlem, NYC’s First Market-Rate Passive House, Shows Some Skin
April 22, 2016

Construction Update: Perch Harlem, NYC’s First Market-Rate Passive House, Shows Some Skin

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Work on the city's first market-rate Passive House, Perch Harlem, is moving apace, and just in time for Earth Day, a bit of construction netting was taken down, giving passersby a glimpse of its super-insulated white exterior (good for heat deflection) and seamless rectangular windows. The seven-story structure rises midblock at 542 West 153rd Street and recently topped out in January. When finished later this year, its 34 units will boast superior workmanship, low energy bills and exceptional indoor air quality. The project's developers, the Synapse Development Group with Taurus Investment Holdings, purchased the 10,000-square-foot former parking lot back in 2013 and have been growing their Perch brand of buildings that strive to provide environmentally low-impact living and community-oriented design.
READ MORE
First Look at StudiosC’s Boutique Condominium Underway at 187 Bridge Street
April 22, 2016

First Look at StudiosC’s Boutique Condominium Underway at 187 Bridge Street

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Within Downtown Brooklyn's detached island of urbanity between the Manhattan Bridge on-ramp and the Brooklyn-Queens Expressway, local architecture firm StudiosC has designed a modestly scaled, ground-up condominium at the corner of Bridge and Nassau Streets. Re-approved plans filed by the architect of record Karl Fischer detail an eight-story building with 12,000 square feet of gross floor area.
More details ahead
Looking at New York’s Growing Collection of LEED and Passive House Constructions

A Passive House design by Loadingdock5 Architects at 174 Grand Street in Williamsburg

April 22, 2016

Looking at New York’s Growing Collection of LEED and Passive House Constructions

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While other parts of the country continue to debate the validity of climate change, architects and developers in New York City have been ramping up their sustainability cred and erecting buildings that think beyond ROI. From luxury condos to public housing to individual homes, green buildings are on the rise across the city. Ahead, CityRealty goes over what it […]

Rendering, Details Revealed for Glassy Condos Replacing Streit’s Matzo Factory
April 22, 2016

Rendering, Details Revealed for Glassy Condos Replacing Streit’s Matzo Factory

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If you're getting ready for this evening's seder, you've likely picked up a box of matzo, and chances are pretty good that your unleavened bread comes from Streit's. For 90 years the company produced matzo at the rate of almost 900 pounds an hour at 150 Rivington Street, but in early 2015 news hit that the country's last family-owned matzo factory would be relocating to Rockland County. Developer Cogswell Realty bought the site for $31 million, embarking on plans for a condominium, and today, ironically timed with the first day of Passover, the first rendering of the project has been revealed. The image was published in a New York Times article about Lower East Side institutions being replaced by condos. Design-build firm Gluck+ are the architects, and they've created a fairly standard, seven-story, glass box with some planted terraces along the top-floor setbacks. Though the design lacks any reference to the iconic business, the developers have said they plan to include Streit's memorabilia in the lobby.
This way for pricing details
First Domino Sugar Refinery Tower at 325 Kent Avenue Now Rising Above Williamsburg
April 21, 2016

First Domino Sugar Refinery Tower at 325 Kent Avenue Now Rising Above Williamsburg

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After breaking ground last spring, the first tower of Two Trees' three million-square-foot Domino Sugar Refinery Master Plan has finally lifted out of the ground. Addressed 325 Kent Avenue (Site E), the 400,000-square-foot building rises one block inland from the East River waterfront and the remaining five parcels of the master plan. The future 16-story, 189-foot-tall project covers three-quarters of its block bound by Kent and Wythe Avenues and South 3rd and 4th Streets. All in all, the two-winged tower will hold a whopping 522 rental units, making it the second largest residential building in Williamsburg after the also-in-construction 2 North 6th Street.
Find out more about the development
‘Gilmore Girls’ Alexis Bledel and ‘Mad Men’ Hubby Sell Brooklyn Heights Penthouse for $1.3M
April 21, 2016

‘Gilmore Girls’ Alexis Bledel and ‘Mad Men’ Hubby Sell Brooklyn Heights Penthouse for $1.3M

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The media frenzy surrounding the "Gilmore Girls" Netflix revival is hard at work trying to predict which love interest Rory will end up with. In real life, though, Alexis Bledel is already settled down with husband Vincent Kartheiser (Pete Campbell from "Mad Men"), and the pair just unloaded their classy Brooklyn Heights co-op, according to the Post. The couple first listed the duplex penthouse at 105 Montague Street last year for $1,560,000, slightly higher than the $1,325,000 sale price. The one-bedroom spread with a 500-square-foot roof deck was meticulously renovated and boasts lots of custom built-ins, a myriad of eclectic light fixtures, and a very Restoration Hardware-esque furniture selection.
See the whole place
Checking in on Adam America’s Trio of Developments on a Single Boerum Hill Block
April 21, 2016

Checking in on Adam America’s Trio of Developments on a Single Boerum Hill Block

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At the southern edge of Boerum Hill, where the quaint brownstone enclave meets Park Slope and Gowanus, a trio of sleek residential buildings is taking shape by developer Adam America Real Estate. Along a single block, bound by Third and Fourth Avenues and Baltic and Warren Streets, the Brooklyn-centric firm is busy constructing a 31-unit condo building at Six Ten Warren, a 70-unit rental at 595 Baltic Street, and a 21-unit rental 577 Baltic Street. 6sqft visited the block to see how construction is progressing and put together all the renderings and details for the projects.
Check it all out right here
SHoP’s East River Towers Named American Copper Buildings; Go Inside Their Skybridge
April 20, 2016

SHoP’s East River Towers Named American Copper Buildings; Go Inside Their Skybridge

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We've been referring to SHoP Architects' pair of East River rental buildings at 626 First Avenue as the "dancing towers," but now that they've shimmied up to their full 470- and 540-foot heights, they've been officially named with a more mature moniker, the American Copper Buildings. First reported by Curbed, the title is "a nod to the 5,000 metal panels that make up the facade," which weigh in at a whopping 2,100 tons. In addition, developer JDS has released a teaser site and a fresh set of renderings that finally show the interior of the three-story, amenity-filled skybridge.
Get a look inside
Skyline Wars: Brooklyn Enters the Supertall Race
April 20, 2016

Skyline Wars: Brooklyn Enters the Supertall Race

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Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. Here, Carter brings us his fifth installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter looks at Brooklyn's once demure skyline, soon to be Manhattan's rival. Downtown Brooklyn has had a modest but pleasant skyline highlighted by the 350-foot-high Court & Remsen Building and the 343-foot-high great ornate terraces of 75 Livingston Street, both erected in 1926, and the 462-foot-high flat top of the 1927 Montague Court Building. The borough’s tallest building, however, was the great 514-foot-high dome of the 1929 Williamsburg Savings Bank Tower, now known as One Hanson Place, a bit removed to the east from Downtown Brooklyn. It remained as the borough’s tallest for a very long time, from 1929 until 2009. A flurry of new towers in recent years has significantly enlarged Brooklyn’s skyline. Since 2008, nine new towers higher than 359 feet have sprouted there, in large part as a result of a rezoning by the city in 2007. A few other towers have also given its riverfront an impressive frontage. Whereas in the past the vast majority of towers were clustered about Borough Hall downtown, now there are several clusters with some around the Brooklyn Academy of Music and the former Williamsburg Savings Bank Tower and some around the Williamsburg riverfront.
more on Brooklyn's skyline here
LPC Approves Brooklyn’s First 1,000+ Foot Tower; New Renderings and Details
April 19, 2016

LPC Approves Brooklyn’s First 1,000+ Foot Tower; New Renderings and Details

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Brooklyn is finally getting a new skyscraper development worthy of its 2.6 million populace. Today, the Landmarks Preservation Commission approved SHoP Architects' vision for 9 DeKalb Avenue, a rehabilitation of the landmarked Dime Saving Bank that will marry it with a dramatic, supertall skyscraper behind, the first 1,000+ foot building to arrive in the borough. The Beaux-Arts banking hall, which is both an interior and exterior landmark, hosted a J.P. Morgan Chase branch up until last year. Now, its new owners, Michael Stern's JDS Development and the Chetrit Group, plan to transform the hall into a public and retail space that will complement their new tower. To bring back more of the building's grandeur, its exterior and interior spaces will be restored, and to accommodate the tower behind, the team is calling for the demolition of two nondescript one- and five-story rear annexes, which will then allow for a grand entrance to the skyscraper and a public through-space. The LPC was enamored with the project, calling it "flawless" and "enlightened urbanism at its best," as well as touting that it "improved the vision of this historic landmark." One commissioner even went so far as to say "It's similar to the Parthenon sitting on the Acropolis." The LPC had only a few minor modifications, the most notable being that the teller cages be retained until the team can show a plan detailing how the retail tenant (there will only be one) will use the space.
Get a look at all the presentation materials
Yankees Commentator and Former Pitcher David Cone Scores $8M Greenwich Lane Pad
April 19, 2016

Yankees Commentator and Former Pitcher David Cone Scores $8M Greenwich Lane Pad

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David Cone, former MLB pitcher (you might remember that perfect game he threw for the Yankees in '99) and current Yankees commentator for the YES Network, has scored an $8.1 million apartment at the Greenwich Lane, according to city records. This is slightly up from the $7.97 million ask. The four-bedroom spread takes up more than 2,800 square feet and features a private balcony, beamed ceilings, northern and southern exposures, and a luxurious master suite.
Check out the impressive floorplan
Construction Begins on Gene Kaufman-Designed Apartments Rising Over Bryant Park
April 18, 2016

Construction Begins on Gene Kaufman-Designed Apartments Rising Over Bryant Park

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At a narrow Midtown lot at 1050 Sixth Avenue, construction is moving forward on a slender 24-story residential tower penned by New York's most beloved architect, Gene Kaufman. Rising behind the landmarked Bryant Park Studios Building (aka The Beaux-Arts Building), Kaufman's oft substance-less style will likely stand in sharp contrast to the charming 1901 structure. Skyline Developers, the New York division of Jersey-based Garden Homes Development, are the developers. The Orin Wilf-led firm owns the adjacent art-deco office tower at 1040 Sixth Avenue, and their new venture here will replace two turn-of-the-century walk-up buildings.
More details ahead
Robert A.M. Stern’s 220 Central Park South Gets Stoned; New Renderings and Construction Shots
April 18, 2016

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

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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
As Rem Koolhaas Finally Designs First NYC Building, A Look Back at His Unbuilt Proposals
April 14, 2016

As Rem Koolhaas Finally Designs First NYC Building, A Look Back at His Unbuilt Proposals

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Thirty-eight years after the publication of his acclaimed book "Delirious New York," Dutch architect Rem Koolhaas and his global architecture firm the Office for Metropolitan Architecture (OMA) seem to have finally landed their first ground-up New York City commission. Excavation is already underway at the 22,000-square-foot project site located at 122 East 23rd Street and will soon host a pair of block-through residential towers articulated by faceted elevations and chiseled corners. While there has been no official announcement that Koolhaas is on board, several consultant websites and Linkedin profiles indicate that the Pritzker Prize-winner has been tapped, while New York-based SLCE will serve as the architects of record. To mark the occasion, and as we eagerly await the design unveiling, 6sqft has rounded up Koolhaas' prior unlucky attempts to build in the city. The proposals befell to the usual suspects that typically stymie bold architecture in the city—community opposition, economic downturns, and the conservative nature of the city's developers and public sector. *Update 4/21: OMA has confirmed their involvement in the project and share that Shohei Shigematsu, partner and director of the firm's New York office, is leading the design effort.
See it all right here
Zoe Saldana Sells Kew Gardens Co-op for $280K
April 14, 2016

Zoe Saldana Sells Kew Gardens Co-op for $280K

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"Star Trek" and "Avatar" star Zoe Saldana is letting go of her Queens roots, as the Post reports that the actress has sold her Kew Gardens co-op for $280,000. Saldana spent her early life not far away in Jackson Heights and has owned the apartment at 118-18 Union Turnpike since at least 2002, before she really hit it big. The two-bedroom spread is nothing fancy, but is located in a doorman building and features stainless steel appliances, spacious bedrooms, and lots of closet space.
See the entire apartment
How Much Is Eloise’s Plaza Apartment Worth? And Stuart Little’s Gramercy Townhouse?
April 11, 2016

How Much Is Eloise’s Plaza Apartment Worth? And Stuart Little’s Gramercy Townhouse?

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It is well known that Eloise lived in The Plaza. But the book was published in 1955, well before Manhattan real estate skyrocketed. So what would her apartment be worth today? In fact, many children’s books have been set in New York City—think "Harriet the Spy" or "Stuart Little." In this day and age of record-setting prices, how much would those fictional characters have to pay to live in their homes today? Who would have seen the most appreciation, Eloise or Lyle Crocodile? Much detective work (à la Harriet) reveals the residences of a boy-mouse and a anthropomorphized girl dog span various neighborhoods including the Upper East Side, Gramercy Park, and Park Slope. What follows is a survey of six iconic picture books set in New York City and the current valuations of their fictional homes.
Check them out here
Last Chance to Apply for 282 Middle-Income Apartments at Downtown Brooklyn’s 250 Ashland Place
April 11, 2016

Last Chance to Apply for 282 Middle-Income Apartments at Downtown Brooklyn’s 250 Ashland Place

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Today is your last chance to apply for 282 affordable housing units at 250 Ashland Place in Downtown Brooklyn. The 52-story skyscraper rises from the heart of Brooklyn's cultural district and is near a multitude of subway lines, the Atlantic Terminal transit hub, and the Barclays Center. Developed by the Gotham Organization, the skyscraper encompasses 580,000 square feet of space and soars 568 feet into the burgeoning Brooklyn skyline, making it the second tallest in the borough after the nearby rental tower AVA DoBro. Designed by New York-based FXFowle Architects, the building is sheathed in a contextual brick and glass exterior, relating both to the charming brownstones of Fort Greene and the dynamism transforming Downtown Brooklyn.
Find out if you qualify
New Renderings of Park Slope’s Parking Garage Condo Conversion at 800 Union Street
April 8, 2016

New Renderings of Park Slope’s Parking Garage Condo Conversion at 800 Union Street

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In 2014, plans were announced to convert a cherished Park Slope parking garage at 708-804 Union Street into residential apartments. Slopers complained that the 260-car garage's removal would increase traffic and that the underway development would overcrowd schools. Nonetheless, the longtime property’s owner Lewis Meltzer secured a zoning variance and building department approvals to convert the 85-year-old structure into residential units with retail space at ground level. Now, Midwood Investment & Development and Hailey Development Group are bringing the project to fruition, redistributing the parking garage's 52,000 square feet of bulk across six high-ceilinged floors and carving out 28 high-end condo units and 11,153 square feet of retail.
Learn more about the new condo
Lenox Hill’s Rose Modern Nears Completion; Homes Range from $2,850 to $6,650 Per Month
April 7, 2016

Lenox Hill’s Rose Modern Nears Completion; Homes Range from $2,850 to $6,650 Per Month

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At the northeast corner of York Avenue and East 74th Street, a glass and metal pile of floors is nearing completion. Developed by Golden Asset LLC and designed by Stephen B. Jacobs Group, the thin-skinned tower soars 20 stories above its characterful block of brick and fire-escape adorned context. Named Rose Modern, the building anchors a corner site at 501 East 74th Street and will be near the 72nd Street station of the Second Avenue Subway, anticipated to open later this year.
Get a look inside
Famed Tiny Apartment Architect Says He ‘Doesn’t Really Believe in Tiny Living’
April 6, 2016

Famed Tiny Apartment Architect Says He ‘Doesn’t Really Believe in Tiny Living’

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By now you’ve surely seen Tim Seggerman‘s practically iconic 240-square-foot apartment on Pinterest and on design blogs across the web. But while the architect has made a name for himself creating innovative solutions for small living in the city, what might come as a surprise is that he doesn’t really advocate squeezing into a small space. […]

Herzog & de Meuron’s 215 Chrystie Street Reaches Full Height; Only Three Units Remain
April 6, 2016

Herzog & de Meuron’s 215 Chrystie Street Reaches Full Height; Only Three Units Remain

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Last November, 6sqft reported that Ian Schrager and the Witkoff Group’s upcoming hotel/condominium building 215 Chrystie Street had just made its way past the midway point. Now, the “tough-luxe” Bowery development has reached its full apex, 314 feet to the mechanical bulkhead, dominating the low-slung skyline of the Lower East Side. The mixed-use development will have a 356-room PUBLIC Hotel from Ian Schrager along its lower levels, topped by 11 limited condominium residences. Pritzker Prize-winning firm Herzog & de Meuron, with Beyer Blinder Belle as architects of record, designed the arthropod-esque, concrete-framed building.
More views and details this way
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