Real Estate Trends

If you don't know supermodel Irina Shayk from the pages of Sports Illustrated, you may recognize her as the often-photographed girlfriend of Bradley Cooper. Rumors have been circulating for nearly a year that the couple was looking to shack up together. First, Cooper was spotted checking out a sprawling $8.5 million spread at the Hubert in Tribeca in May, then Shayk listed her apartment at 166 Perry Street in the West Village for $4 million back in December. LLNYC now reports that the swimsuit model has picked up an off-market $6 million pad at 150 Charles Street, nearby in the West Village.
More on Shayk's (and likely Cooper's) new digs

February 22, 2016

Pricing and Renderings Released for the Jackson, Industrial-Inspired Condo in Long Island City

Situated squarely between Long Island City's waterfront towers and its burgeoning Court Square and Queens Plaza business districts, an upcoming industrially-inspired condominium named the Jackson is beginning construction work. On Friday, the New York Times unveiled pricing information for the 70,000-square-foot project, and a polished set of renderings has been published on the developer's website. The 11-story, 54-unit project is being shepherded by a joint-venture among Charney Construction & Development, Ascent Development, and Tavros Capital. The development site, located around the corner from MoMA PS1, was formerly occupied by a parking lot and a nondescript two-story building. Fogarty Finger, the building's architects, have designed several other low- to mid-scale residential projects in LIC that complement the fleetingly-gritty neighborhood's aesthetic. Here they accomplish that by using raw material such as steel, concrete, and wood, as well as oversized windows that feel like an old industrial loft building.
This way for details, renderings, and pricing

February 19, 2016

Skyline Wars: What’s Rising in Hudson Yards, the Nation’s Largest Construction Site

By Carter B. Horsley

Carter Uncut brings New York City’s breaking development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter brings us the third 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 zooms in on Hudson Yards. The Hudson Yards neighborhood in Far Midtown West is one of the country’s most active construction areas. Construction cranes dot its emerging skyline and dozens more are promised now with the district's improved connection to the rest of the city. Last fall, the 7-line subway station at Eleventh Avenue and 34th Street opened with one-stop access to Times Square. The newly-minted station features a lengthy diagonal escalator bringing commuters to the front-door of the huge mixed-use project being created over the rail yards west of Tenth Avenue between 30th and 33rd streets. Originally, a second station was contemplated on 41st Street and Tenth Avenue but transit officials claimed it could not afford the $500 million expenditure, despite the enormous amount of new residential construction occurring along the far West 42nd Street corridor. Nevertheless, the finished Hudson Yards station deposits straphangers into a new diagonal boulevard and park between 10th and 11th Avenues that will ultimately stretch from the Related Companies / Oxford Property Group's Hudson Yards master plan northward to 42nd Street.
read more from carter here

February 19, 2016

Reasonably Priced Condos at NINE52 in Hell’s Kitchen Hit the Market, Starting at $679K

After years of decay, the second building of the old Saint Clare's Hospital in Hell's Kitchen has been reborn. Named NINE52, due to its address near Ninth Avenue at 416 West 52nd Street, the seven-story red-brick structure has been rehabilitated into 155 affordably-priced condominium homes. Seven units at NINE52 hit the market earlier this week with asking prices starting at $679,000 for 450-square-foot studios, $859,000 for 725-square-foot one-bedrooms, and $1.319 million for an 875-square-foot two-bedroom. According to CityRealty's February Market Report, the median price-per-square-foot for closed condominium sales in Midtown West over the past 30 days stood at $1,833, a bit above the $1,603-per-square-foot asking prices at NINE52.
Get a look at the apartments

February 18, 2016

New Rendering, Details of Brooklyn’s Future Tallest Tower

A little over a month ago, 6sqft learned that Brooklyn’s first 1,000+ foot tower, designed by SHoP Architects, would rise a whopping 1,066 feet, amounting to 556,164 square feet of total space. It all started back in 2014 when developers Michael Stern and Joe Chetrit purchased 340 Flatbush Avenue Extension (a five-story mid-century building that takes up about one third of the triangular site in Downtown Brooklyn) for $46 million with plans to demolish it. Then, in December, they closed on the adjacent Dime Savings Bank building for $90 million, providing 300,000 square feet of air rights needed to construct the 73-story tower. Along with a new rendering, a piece today in the Times reveals some additional details, namely that the supertall will have nearly 500 rental units, at least 20 percent of which will be affordable under the city's 421-a program. But there's one issue that could make things a little complicated...
More on that, here

February 18, 2016

Common’s Shared Living Concept Brings $3,000 Bedrooms to Williamsburg

By Michelle Cohen

The perpetual waves of recent graduates and other young professional hopefuls streaming into New York City seem to be finding themselves stuck when it comes to finding a place to bunk between cubicle and pub. So it's no surprise that a growing field of enterprising entrepreneurs--after observing the moderate success of the co-working model and the mind-melting success of Airbnb–have stepped in with a hybrid of all of the above. 6sqft previously noted the Wall Street launch of co-working startup WeWork's communal living concept. Now, another co-living player, Common, who recently brought upscale shared housing to Crown Heights, will be opening the doors on a communal residence in prosaically trendy Williamsburg at the corner of South 3rd Street and Havemeyer. Common CEO Brad Hargreaves with partner Henry Development is building a 12-suite, 51-bedroom, 20,000-square-foot residence, the company's first ground-up effort here. The most buzz-worthy bit about this new addition is that members will pay $1,800 to $2,700 a month for a bedroom in one of 12 duplex suites, with one, two or three other roommates. The higher-end numbers represent rooms with a private bath–essentially a studio with friends with benefits.
What's the story here

February 17, 2016

Looks Like Sarah Jessica Parker Is Combining Two West Village Townhouses

Carrie Bradshaw may not have been able to make her mind up about men, but Sarah Jessica Parker is more indecisive when it comes to real estate. The actress and hubby Matthew Broderick sold their Greenwich Village townhouse for $20 million back in March, which came after quite a few price cuts and almost three years on the market. And just a couple of weeks ago, they were seen checking out the Shephard, a new condo conversion in the 'hood. But it looks like SJP misses her townhouse, because broker-to-the-celebs Dolly Lenz shared an Instagram picture today, announcing that the couple is the buyer of two adjacent brick homes at 273 and 275 West 11th Street. Her caption implies that the power duo will combine the residences, which would result in a 50-foot-wide, 13,900-square-foot mega mansion, according to Curbed. The properties were last listed for $35 million total.
Find out more

February 17, 2016

Pro Golfer Cristie Kerr Gets a Hole in One With $6M West Village Condo Sale

It's reported that pro LPGA golfer Cristie Kerr has over $15 million in career earnings, and it looks like her bank account is about to get even fatter, as city records show that she and her husband/agent Erik Stevens have sold their West Village condo for $5.9 million. The couple bought the impressive three-bedroom home at 1 Morton Square back in 2009 for $2.3 million, but then enlisted famed interior designer Thom Filicia to give the high-floor residence a luxurious, modern renovation that, according to the listing, cost more than $1 million.
Check it out

February 12, 2016

Apply Today for an $827/Month Apartment at the Controversial Towers Next to St. John the Divine

The Enclave at the Cathedral is a set of two brand-new rental buildings in Morningside Heights from the Brodsky Organization. Offering a total of 428 residential units, the 13- and 15-story undulating towers were involved in quite a bit of controversy for their position obstructing the 123-year-old Cathedral of St. John the Divine, which just happens to be the world's largest cathedral. But if this little issue doesn't bother you, and you earn between $29,726 and and $51,780 annually, you can apply starting today for one of 87 affordable units, according to the NYC HDC. They include 27 studios priced at $827/month; 40 one-bedrooms at $931/month; and 20 two-bedrooms at $1,123/month.
Find out if you qualify

Cute Two-Bedroom Condo in Prime Williamsburg Is Priced Under $1 Million

By Emily Nonko

It seems like you can't find anything in Williamsburg for less than $1 million these days, but here's a condo that's priced just below seven digits. This two-bedroom unit at 211 Berry Street, an older condo complex in the neighborhood that's been slapped with a cool name (Northside Condo), has got a price tag of $995,000. This is not one of those North Brooklyn loft condos with a pool, roofdeck or resident lounges, which accounts for the lower price in the central Williamsburg location -- it's located right near the main drags of Bedford and Metropolitan avenues.
Take a look

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 11, 2016

HOK Architects Files Permits for 21-Story UES Condo Tower, Will Yield New Subway Entrance

Yesterday, Hellmuth Obata & Kassabaum (HOK) filed permit applications with the city's Department of Buildings to construct their first residential tower in the city–an 18-story, mixed-use condominium tower at 147 East 86th Street on the Upper East Side. The 210,000-square-foot project will anchor the northeast corner of Lexington Avenue and 86th Street and will sit directly atop the Lexington line's 86th Street subway station, for which the developers will build a new entrance. The $340 million project is being shepherded by a joint venture among Stillman Development, Ceruzzi Properties, and Kuafu Properties, who will build retail on the first few floors of the building and high-end condo units up top. Much of the site is owned by the the estate of real estate mogul Sol Goldman. Filed plans show that the development will contain 63 units and rise 210 feet, the maximum height allowed in the zoning district.
More details and renderings this way

February 11, 2016

Groundwork Begins at Downtown Supertall 45 Broad Street

Wasting no time getting started, Madison Equities and Italy-based Pizzarotti Group have begun soil testing at the site of their upcoming supertall tower 45 Broad Street. After 6sqft revealed a trio of preliminary renderings last month, Pizzarotti Group's CEO Rance MacFarland told Curbed that the tower will stretch 1,100 feet high and have 86 floors. He also shared that it will contain 245 condo residences catering to "entry- and mid-level buyers."
Get a look at the current site

February 11, 2016

Notorious Novogratz Townhouse Where Heidi Klum Summered Sells for $14.5M

It only took nine years and a $10 million price chop, but the notoriously-hard-to-sell townhouse at 400 West Street has finally found a buyer for $14.5 million, reports the Post. Husband-and-wife design team Bob and Cortney Novogratz bought the West Village townhouse for $4.3 million back in 2007, and then undertook a complete renovation, adding an indoor basketball court, eight-person elevator, and insane rooftop terrace complete with a pizza oven and hot tub. All these amenities, coupled with the colorful and funky decor, caught the eye of Heidi Klum, who rented the home several times over the years, most recently for $70,000/month this past summer.
See the full spread

February 10, 2016

Presenting Driggs Haus: 19 Condos Coming to Williamsburg-Greenpoint Border

By Julian Friedman

The Driggs Haus at 247 Driggs Avenue is a 23,500-square-foot condominium building developed by Greenpoint Luxury Development LLC (who purchased the three-story structure that previously stood on the site for $950,000 in 2013) with Gertler & Wente Architects handling the design. The project, situated at the corner of Graham and Driggs Avenues near McCarren Park, has been slow to wrap up construction, with its topped-off concrete frame shrouded in netting for some time now. Ultimately, there will be 19 homes spread throughout the project's five floors, and a soon-to-be-launched website marketing the units brings us a handful of new images and details.
Find out more

February 9, 2016

Actress and Comedian Ellie Kemper Buys $2.8M Classic Upper West Side Co-op

In her critically acclaimed Netflix show "The Unbreakable Kimmy Schmidt," her character, a former abductee who ends up in NYC, lives in an eclectic Brooklyn apartment. In real life, actress and comedian Ellie Kemper goes for a more traditional look, as is evidenced by her recent purchase -- a classic six co-op at 325 West End Avenue on the Upper West Side. According to city records released today, Kemper and her husband Michael Koman, a writer and producer, paid $2.8 million for the three-bedroom spread.
See the whole apartment

February 9, 2016

New LLC Disclosure Law Probably Won’t Have Much Impact on the Condo Market

By Michelle Sinclair Colman

Will new federal regulations aimed at clamping down on shell companies buying luxury real estate send a chill through Manhattan’s high-end real estate market? The reaction to a page one article in the New York Times last month suggests fear is in the air. But that fear may be misplaced for two reasons: firstly, the Treasury Department’s database of buyers’ names will not be public, as many have inferred; and secondly, in New York, title insurance is not mandatory when you're making an all-cash deal.
FInd out more here

February 9, 2016

Housing Lottery Kicks Off for $801/Month Middle-Income Apartments in the Brooklyn Cultural District

It's been quite a week to up your chances of snagging an affordable apartment in the city, with housing lottery applications being accepted for 175 West 60th Street, PS 186, EŌS, and 149 Kent Avenue. Now in booming Downtown Brooklyn, near BAM in the Brooklyn Cultural District, the Ashland at 250 Ashland Place has kicked off its lottery process, offering 282 below market-rate apartments, according to the NYC HDC. Unlike many of the recent launches, aimed towards low-income households, the Ashland is geared towards middle-income applicants earning between $28,835 for single individuals up to $200,400 for a family of six. Those who fall within the income guidelines have the opportunity to pay rents ranging from $801 for studios to $3,649 for three-bedroom units.
Find out more

February 9, 2016

Apply for a $641/Month Apartment in Central Harlem Starting Thursday

The latest in a rush of housing lottery kick offs is happening on Thursday at 260 West 153rd Street in Central Harlem, according to the NYC HDC. The brand new building is courtesy of affordable housing gurus L&M Development (who are also behind 149 Kent Avenue in Williamsburg, where a lottery is launching tomorrow). Of its 51 apartments, 34 are set aside for low-income residents earning between $23,349 and $43,150 annually. Rents will range from $641/month studios to $836/month two bedrooms.
Find out if you qualify

February 9, 2016

Crane Up! Third Hudson Yards Office Tower Rises to Street Level

One year since groundwork began, 55 Hudson Yards is starting its ascent into the the far west side skyline. The future 51-story, 1.3-million-square-foot tower is the third office building to rise from the 28-acre Hudson Yards master plan, behind the Coach building at 10 Hudson Yards and Time Warner's 30 Hudson Yards. Fifty-Five Hudson is being spearheaded by a partnership between Mitsui Fudosan America, Inc. (MFA), Related Companies, and Oxford Properties Group. Previously the parcel was owned by Extell Development who once planned a diagrid-ed skyscraper named One Hudson Yards (formerly the World Product Center). The site is positioned just north of the west side rail yards on a full-block parcel bound by Hudson Yards Boulevard, Eleventh Avenue, West 34th Street and West 33rd Street. The building will open onto the new Hudson Boulevard and the recently open subway station for the 7 train. A brick-faced ventilation building that serves the subway extension rises from the southwest corner of the parcel and will be absorbed into the building's massing.
More details, renderings, and construction views

February 8, 2016

Housing Lottery Commences for EŌS, Live in NYC’s Shortest Skyscraper for $566/Month

The affordable housing lottery for the Durst Organization's nearly finished rental tower EŌS at 855 Sixth Avenue launches today, according to the NYC HPD. One year ago, 6sqft reported on the 42-story structure's topping out, which at exactly 500 feet makes it officially tied as the shortest skyscraper in the city. Now, with full leasing slated to begin this spring, the application process for the 75 newly constructed, below-market rate apartments set aside for low-income residents is open. Rents in the Midtown West tower will range from $566/month studios to $930/month two-bedroom units.
More renderings and details ahead

February 7, 2016

Four New Townhouses Coming to Williamsburg Lot Overlooking the BQE

By Julian Friedman

Construction is underway for a set of two-family townhouses at the northwest corner of Grand Street and Marcy Avenue in Williamsburg. The eyesore of a vacant lot at 50 Marcy Avenue and 349-353 Grand Street will give way to four identical rowhouses designed by KMP Design and Engineering with Patoma Partners as the developers. According to the building permits, each townhouse will have approximately 9,500 square feet of residential space and 5,500 square feet of commercial space. The ground floors will feature offices and retail and the collective eight apartments are planned to have four bedrooms each.
More here

February 6, 2016

Slate Property Group Files Permits to Demolish Tenement Building in Murray Hill