January 10, 2020

$1.3M upstate house is a Modernist vision by Frank Lloyd Wright’s colleagues

According to the listing, this unique home in the remote upstate town of Canaan, NY was built by "two prominent colleagues of Frank Lloyd Wright," who employed stonework techniques used at Taliesin West, Usonian design, and a high peaked roof to make this stunning modern house "a paean to nature." Situated on 17 acres at 121 Top of Dean Hill Road, the property, asking $1.3 million, includes an equally fabulous guest house with a 3.5-car garage, woodland paths, and perennial gardens.
Tour this unusual Upstate home
January 10, 2020

Lantern House, Thomas Heatherwick’s quirky High Line condo, rises and reveals residences

Related Companies has released new renderings of the residential interiors in Thomas Heatherwick’s Lantern House condo development on the High Line. The quirky towers—one is ten stories tall and the other rises to 22 stories—flank the High Line at 18th Street and stand out with their billowing glass walls that reinterpret “the modern bay window.”
Check out the renderings
January 10, 2020

BQX streetcar plan rears its head, as city announces public meetings and updated timeline

The city is once again inching forward with its plan to bring a streetcar to run between Brooklyn and Queens, a problem-plagued $2.7 billion proposal first presented five years ago. The New York City Economic Development Corporation on Thursday launched a new website for the Brooklyn Queens Connector (BQX) with information about public community meetings planned for February and March. According to the website, the city expects a draft environmental impact statement (DEIS) on the project to conclude in the spring of 2021, with the final statement ready by that fall. But questions about the logistics of constructing the streetcar's 11-mile route and its growing price tag.
It's back
January 10, 2020

See inside Urbanspace’s new food hall in Midtown West

A new Urbanspace food hall opened up in Midtown on Wednesday with 15 vendors and plenty of options for the lunch crowd and beyond. It’s the fourth permanent location for the company that’s also behind many of New York City’s seasonal markets and food halls. Located in the space formerly occupied by Bobby Flay’s Bar Americain at 152 West 52nd Street, the list of vendors offers a mix of new and established names “aimed to cater to New Yorkers and visitors alike,” most notably classic Flatiron sandwich shop Eisenberg’s first offshoot.
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January 10, 2020

$1.25M Village loft in the Cast Iron Building has private outdoor space and amenities

The classic Greenwich Village residence known as the Cast Iron Building at 67 East 11th Street is every bit the downtown loft its name implies. In addition, it's a doorman building with luxury amenities. Asking $1.25 million, this dramatic pre-war duplex co-op has the 15-foot ceilings loft-lovers crave, plus private outdoor space in the form of a 100-square-foot terrace–a rare perk in a loft.
Take the tour
January 9, 2020

Plans filed for large apartment building on parking lot of classic Coney Island restaurant Gargiulo’s

The owner of a 100-year-old Italian restaurant in Coney Island has agreed to lease the establishment's neighboring parking lot to a luxury real estate developer. Gargiulo's Restaurant owner Louis Russo filed a 99-year ground lease for the lot at 1517 Surf Avenue, located about one block from the boardwalk, with developer LCOR, as first reported by the Brooklyn Paper. According to the developer, plans will likely involve a mixed-income residential development and ground-floor retail.
Get the details
January 9, 2020

For $7K/month, this Chelsea duplex is both penthouse and townhouse, roof terrace included

Available on February 15 as a short- or long-term rental, this duplex occupies the top two floors of a charming brick townhouse at 426 West 22nd Street on a prime Chelsea block. The 1,168-square-foot two-bedroom unit is two flights up, one of three apartments in the townhouse which is also on the market for $7.5 million. The penthouse, asking $7,000 a month, features a 160-square-foot terrace and top floor loft space.
Tour the penthouse-in-a-townhouse
January 9, 2020

Luxurious Upper East Side mansion with a pool, movie theatre, and library is back for $79M

The palatial Upper East Side home that almost became the most expensive townhouse ever sold in New York City two years ago is back on the market. The seven-bedroom mansion was first listed in 2013 for a whopping $114 million and then for $98 million in 2014. It was most recently available in 2018 for $88 million and just received another price cut to (a still very formidable) $79 million. The 40-foot wide property at 12 East 69th Street sprawls over 20,000 square feet on six levels and comes with a movie theatre, saltwater pool, double-height library, and a 2,650 square-foot roof terrace overlooking Central Park.
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January 9, 2020

Community board committee rejects design for proposed Harry Potter store in Flatiron

The landmarks committee of a Manhattan community board this week dismissed the design for a proposed Harry Potter-themed store and exhibit in the Flatiron District. Warner Brothers Entertainment announced plans last September to open Wizarding World at 935 Broadway, a landmarked building constructed in 1861. But the company's proposal to alter the historic structure by adding wand-style flagpoles and a fiberglass dragon was rejected as "inappropriate" by Manhattan Community Board 5's landmarks committee on Tuesday, as the Wall Street Journal first reported.
See the design
January 8, 2020

Cuomo announces expansion of the Museum of Jewish Heritage

An aerial view of Battery Park City showing the Museum of Jewish Heritage, via Wikimedia Commons "To address the disturbing number of anti-Semitic and other discriminatory attacks in New York, the Governor is proposing a first-in-the-nation domestic terrorism law," reads a bullet point from Cuomo's 2020 agenda. As part of this larger hate crime anti-terrorism act, the Governor has directed the Battery Park City Authority to develop an expansion plan for the Museum of Jewish Heritage – A Living Memorial to the Holocaust so that it will become a "learning destination for school children across the state."
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January 8, 2020

9 ways to celebrate Martin Luther King, Jr. Day in NYC

Every third Monday of January, we celebrate the Reverend Dr. Martin Luther King, Jr. and his legacy of activism and unity. Recognized as a federal holiday since 1983, MLK Day gives New Yorkers who get the day off from work a chance to honor King's life through live performances, panel discussions, and storytelling. As one of two federal holidays designated as a national day of service, the January 20 holiday, seen as a "day on, not a day off," also provides an opportunity to volunteer in communities across the city. We've found MLK Day activities, events, and service opportunities for New Yorkers of all ages, from a walking tour of historic Harlem to community-building workshops in South Brooklyn.
Get the full list
January 8, 2020

60 more subway stations will get MTA’s tap-to-pay system this month

By the close of 2019, the MTA had installed its OMNY tap-to-pay fare system at 64 subway stations across Manhattan and Brooklyn and all Staten Island busses. Some of the busiest spots that already have the contactless payment system include all 16 stations on the 4, 5, and 6 lines between Grand Central-42nd Street and Atlantic Avenue-Barclays Center, as well as Penn Station-34th Street. According to a new press release, OMNY will now expand to 60 more stations by the end of January--including Herald Square, Bryant Park, World Trade Center, and Jay Street-MetroTech--bringing the total to 124 stations.
See all the new stations
January 8, 2020

De Blasio releases non-discriminatory housing plan as Trump rolls back Obama-era ‘Fair Housing’ rule

Photo by Daryan Shamkhali on Unsplash  First announced in March 2018, the Where We Live NYC initiative has finally released a draft plan for public review. Described as a “comprehensive fair housing planning process to study, understand, and address patterns of residential segregation,” the report outlines key goals and strategies to eliminate discrimination in the housing market. As part of the plan, the city will launch the Fair Housing Litigation Unit “comprised of researchers, lawyers, and market testers who will go into the community as ‘secret shoppers’ and identify discriminatory practices,” per a recent press release.
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January 8, 2020

For just $250K, the buyer of this chic Bay Ridge studio gets a parkside location and a Verrazano view

Tucked into a verdant strip of southwest Brooklyn overlooking Shore Road Park, a block from New York Harbor with stunning vistas of the Verrazano-Narrows Bridge from the street, this compact studio at 9902 Third Avenue is asking a relatively reasonably $250,000. In addition to bridge views, the Bay Ridge/Hamilton Parkway street is lined with pre-war co-ops and quaint two-story free-standing homes.
See more, this way
January 7, 2020

Real estate investors spend $166M on group of Mitchell-Lama buildings in the Bronx

A group of real estate companies has purchased eight affordable housing buildings in the Bronx for $166 million. LIHC Investment Group, Belveron Partners, and Camber Property Group last week announced the joint deal, which involves 1,275 housing units and 10 commercial units that fall under the city's Mitchell-Lama program. The firms plan to keep the units affordable, instead of converting them to market-rate apartments when the rent regulations expire.
Learn about it
January 7, 2020

In Hudson Yards, Bjarke Ingels’ The Spiral is more than 50% leased as construction progresses

As The Spiral continues to rise in Hudson Yards—it’s currently the eighth-tallest skyscraper under construction in NYC—its future offices are getting scooped up at a fast pace. Despite being two-and-a-half years away from completion, the Bjarke Ingels Group-designed tower at 66 Hudson Boulevard is now 54 percent pre-leased after adding law firm Debevoise & Plimpton to its roster of tenants. That list also includes pharmaceutical giant Pfizer, who will relocate its global headquarters to the building, and investment management firm AllianceBernstein. Once complete, the 66-story tower will reach 1,032 feet and feature signature cascading terraces and hanging gardens wrapped around the facade in a spiral-like arrangement.
Here's the latest update
January 7, 2020

After holiday street closures, some city leaders say Rockefeller Center should remain car-free

After having been closed to car and truck traffic during the busiest times of day since November 29th, West 49th and West 50th streets between Fifth and Sixth avenues–the two streets on either side of the Rockefeller Center Christmas Tree–may become permanently car-free if some city officials have their way. Mayor Bill de Blasio said Monday that he believes the vehicle-free streets were safer for the estimated 750,000 pedestrians who were expected to traverse the plaza each day during the crowded holiday season, the Wall Street Journal reports.
Find out more
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January 7, 2020

Snøhetta’s transformed public garden at 550 Madison Avenue receives final city approvals

The privately-owned public space (POPS) on the ground floor of Philip Johnson and John Burgee’s Postmodern skyscraper at 550 Madison Avenue declined over time due to multiple alterations and was often described as being “tall, skinny, and dark.” As part of Snøhetta’s transformation of the landmark, the garden is receiving a lot of attention. In December, developer Olayan Group revealed plans to increase the public space by 50 percent while creating “a welcoming sensory retreat in the heart of East Midtown.” After being approved by the Landmarks Preservation Commission last year, the open space has now received its final approval from the Department of City Planning.
More details
January 7, 2020

$7,200/month Village loft with a rooftop ‘cabin’ was once home to John Barrymore

According to the listing for this utterly charming Greenwich Village penthouse loft at 132 West 4th Street, silent film actor John Barrymore lived here a century ago and christened it "The Alchemist's Corner." While the silver screen connection adds stardust to its image, a spot atop an 1839 townhouse, a massive dramatic skylight, and a rooftop garden with a heated porch and den make this $7,200 a month rental opportunity magical all on its own.
Alchemy and views, this way
January 6, 2020

With a $300M proposal, the Erie Canal could become a reinvented upstate attraction

This is what a renewed Erie Canal could look like in the years to come. Gov. Andrew Cuomo revealed a $300 million proposal on Monday to revamp the 19th-century waterway that was started by Gov. DeWitt Clinton in 1817. The multi-phase plan originates in research conducted by the "Reimagine the Canals" task force assembled by Cuomo last May. The first phase will begin later this year and comprises two parts: a $100 million economic development fund to invest in communities along the canal and $65 million toward preventing ice jams and flooding in the Schenectady area. The remaining $135 million will be allocated based on recommendations made in the task force’s report.
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January 6, 2020

Cuomo revives plan to overhaul Penn Station and create new Empire Station Complex

Gov. Andrew Cuomo is returning to one of his favorite infrastructure proposals: the overhaul of Penn Station. During an event on Monday hosted by the Association for a Better New York, the governor announced plans to build the Empire Station Complex, a station that would link a modernized Penn Station, the soon-to-be-open Moynihan Train Hall, and a new terminal one block south of the existing site. The plan, first introduced by the governor in 2016, would add eight new tracks and increase train capacity by 40 percent at the station, which currently serves more than 650,000 passengers each day.
See the updated plan
January 6, 2020

How to decorate your apartment with the Pantone Color of the Year, Classic Blue

Since 2000, the Pantone Color Institute graphics company has chosen a Color of the Year, and the 2020 hue is PANTONE 19-4052 TCX, otherwise known as "Classic Blue." The blue hue is indeed a classic–a primary color that's simple, bright, and doesn't pull any punches. It calls to mind blueberries, nautical motifs, and, yes, Facebook. Below are some ideas for putting a pop of this cheery color in your space and your life, from apartment-friendly sofas and chairs to necessary accessories like a self-cleaning water bottle.
A Classic Blue mood, this way
January 6, 2020

For $1.9M, this spacious Midtown East condo has two bedrooms and a huge roof terrace

This Midtown East condo ticks all the (right) boxes: it's located in a Rosario Candela-designed building at 135 East 54th Street, comes with an expansive roof terrace bigger than most people's apartments, and is only a short walk away from the Museum of Modern Art and Central Park. The approximately 1,200-square-foot, two-bedroom is now on the market seeking $1.895 million.
Look inside
January 6, 2020

New York had offered Amazon $800M more than originally known for HQ2 site

In its attempt to lure Amazon to open its second headquarters in New York, officials offered the company $800 million more in incentives than previously known to the public. Documents obtained by the Wall Street Journal reveal the breadth of the proposal from state and city leaders as part of Amazon's year-long contest in 2017 to find a new home for 50,000 jobs. According to the WSJ, the original offer to Amazon included $1.4 billion of tax credits, $1.1 billion in grants, and part of the salaries paid for some employees.
Find out more
January 6, 2020

Public library in Long Island City’s Citigroup Building will close next month

A popular public library in Queens is shutting its doors next month. The Queens Public Library at Court Square, located at 25-01 Jackson Avenue in Long Island City, will close sometime in February after occupying the ground floor of the Citigroup Building for more than 30 years. The library faced threats of eviction after Amazon pulled out of its plan to move its headquarters to the neighborhood last year, which included its lease agreement at One Court Square.
More here
January 6, 2020

Famed political cartoonist Ranan Lurie lists his Time Warner Center art studio-condo for $5M

The Time Warner Center condo at 25 Columbus Circle that Ranan Lurie, who holds the Guinness World Record for most syndicated political cartoonist, used as his art studio and office, is now on the market for $4,995,000. Lurie's "Uniting Painting" at the United Nations HQ is the largest contemporary painting ever exhibited there. The founder and Editor-in-Chief of Cartoonews has been the resident political cartoonist for, among many others, Life magazine, The U.S. News & World Report, Time International, Foreign Affairs magazine and The London Times. He has been syndicated globally to more than 1,100 publications with a daily readership of 300 million. His drawings often include a small trademark smiling sun drawn on the subject's tie or other articles of clothing.
More of this storied condo, this way
January 6, 2020

Williamsburg’s William Vale hotel opens rooftop ice skating rink with skyline views

In the warmer months, the 23rd-floor rooftop of The William Vale is one of the hottest spots for an outdoor drink, and now the hotel has introduced a fun way to take advantage of those skyline views during the winter. Vale Rink is a public ice skating rink, as well as a tented lounge that offers hot chocolate and other treats. Admission is $20 for adults and includes your skate rental.
Get the details
January 3, 2020

‘Grey’s Anatomy’ star Ellen Pompeo sells Sag Harbor farmhouse for $3M

Two years after putting her Hamptons home on the market for $3.8 million, actress Ellen Pompeo has sold the property for $2,995,000. The "Grey's Anatomy" star bought the eight-acre site for $950,000 in 2011, and in 2013, had the current modern-farmhouse constructed, which she then designed herself. In addition to its gorgeous decor, the residence boasts beautifully manicured lawns and a heated, Gunite pool.
Have a look around
January 3, 2020

New Trader Joe’s on 14th Street and Avenue A opens Monday morning

It's been over two-and-a-half years since Trader Joe's announced its plans to open a new store in a 23,000-square-foot space at 432 East 14th Street across from Stuyvesant Town, just three avenues east of their original 14th Street store. The beloved grocery store is the retail anchor tenant in the newly-constructed residential building called EVE that replaced the former Stuyvesant Post Office at that address. With leasing at the building a year in and an affordable housing lottery open, Trader Joe's now confirms on its website that the store will open on Monday, January 6th at 8am (h/t EV Grieve).
14th Street, street of groceries
January 3, 2020

Roosevelt Island’s Nellie Bly memorial revealed

The design of a new memorial honoring investigative journalist Nellie Bly has been officially unveiled. Tapped by the Roosevelt Island Operating Corporation, artist Amanda Matthews of Prometheus Art presented during a town hall last month "The Girl Puzzle" memorial, which will feature sculptures of Bly and four faces of women and girls who she interviewed. The memorial, whose design was first spotted by THE CITY, will be installed in late 2020 at the tip of Lighthouse Park on Roosevelt Island.
See it here
January 3, 2020

Iconic West Village wooden house drops its price to $8.75M

If you follow the NYC streetscape Instagram circuit, the historic 1822 home at 17 Grove Street in the West Village will certainly look familiar. Its adorable facade, corner location, and the fact that it's one of the oldest standing wood-frame houses in the Village, all make this property photo-ready. But looks alone don't seem to be doing the trick, as the Post tells us that the home has lowered its asking price to $8.75 million from the $12 million it listed for in April.
See more here
January 3, 2020

See inside The Deco, an eclectic new food hall in Midtown West

A new food hall opened this month in Manhattan's Garment District, adding some bold flavors to the mostly lackluster options in the neighborhood. Located at 231 West 39th Street, The Deco Food + Drink features eight family-owned vendors, a cocktail bar, and event space. An ode to 1920s New York, the Carpenter & Mason-designed space features an Art Deco aesthetic, with geometric tiles, bright blues, and brass accents framing each section.
See inside
January 3, 2020

Construction of World Trade Center’s St. Nicholas Shrine will resume

It's been more than two years since reconstruction work on the St. Nicholas Greek Orthodox Church at the World Trade Center stopped due to lack of funding, but the project is finally set to resume. On Thursday, Governor Andrew Cuomo announced plans to form a new non-profit organization with an independent 13-member board—the Friends of St. Nicholas—who will oversee the remaining construction. The expected opening is slated for 2022.
More info
January 2, 2020

Times Square’s Palace Theatre overhaul includes outdoor stage and ‘ball drop’ suites

A mixed-use development project hopes to bring even more bright lights and theatrics to Times Square. A team of developers, led by L&L Holding Company, will provide the ultimate New Year's Eve experience at its new luxury hotel, part of the plan to transform the historic Palace Theatre into TSX Broadway. New renderings of the $2.5 billion project, which involves raising the theater more than 30 feet and building a 669-room hotel above it, show off suites with perfect views of the Times Square ball drop, the neighborhood's first outdoor stage, and immersive retail experiences.
Learn more
January 2, 2020

The Queens bus network is getting redrawn for the first time in a century

On Tuesday, the Metropolitan Transportation Authority announced a sweeping draft plan that will completely redesign the Queens Bus Network for the first time in a century. The agency took a "blank slate" approach to completely redraw the routes, which were mostly adapted from old trolley lines from the turn of the 20th century. The plan focused on creating faster North-South connections between Queens, Brooklyn, and the Bronx and increasing service speed by expanding the average bus stop from 850 feet to 1,400 feet.
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January 2, 2020

Sales at Trump-branded condos continue to fall behind the rest of Manhattan

In November, 6sqft shared data that showed sales at Trump Tower were still in a post-2016 slump, but year-end figures show that the decline is a larger trend across Trump-branded buildings in NYC. According to CityRealty's annual Manhattan Year-End Report, "In the third full year of Donald Trump’s presidency, the average sales price for the 11 Trump-branded condos in Manhattan once again fell below the Manhattan condo average."
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January 2, 2020

Sweeping views and a sculptural staircase stand out in this $8M Sutton Place duplex

This Sutton Place duplex co-op is a corner unit on the 37th of 47 floors so it boasts sweeping views of the Midtown skyline and East River in every room. The five-bedroom, five-and-a-half bathroom residence spans over 6,300 square feet in the Emery Roth-designed tower at 425 East 58th Street, also known as The Sovereign. It's now on the market for $7,995,000, with a minimum 50 percent down payment required.
Get the full tour
December 31, 2019

City to double number of facade inspectors after pedestrian’s death

The city's Department of Buildings is enhancing its facade inspection process nearly two weeks after a pedestrian was killed by a falling piece of terra cotta in Midtown. The agency announced on Monday plans to hire 12 new staff for its facade inspection team as well as increase the number of proactive re-inspections and field examinations. "New Yorkers should know that we are out in force holding owners feet to the fire, so they get repair work done as quickly as possible while still protecting the public," DOB Commissioner Melanie La Rocca said. "With our enhanced inspection protocols and expanded staff, owners who choose to skirt their obligations will face swift consequences."
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December 31, 2019

6SQFT’S TOP STORIES OF 2019!

As we wrap up 2019, 6sqft is taking a look back at the top stories of the past 12 months in topics like apartment tours, new developments, news, and city guides. From a rare look inside a 220-square-foot Chelsea Hotel SRO to guides to the city's best museums to plenty of news about the newest openings at Hudson Yards, these are the stories that readers couldn't get enough of.
See the full list here
December 31, 2019

For $1.9M, this Bed Stuy townhouse mixes historic details with modern upgrades

Having last sold in February for $830,000, this Bed Stuy townhouse at 610 Bainbridge Street has since been transformed by a complete renovation. The modern upgrades live alongside restored classic details from the original 1899 construction, including a wood-burning fireplace in the living room and charming pocket doors. The five-bedroom, 3,200-square-foot property also has income-generating potential with a separate two-bedroom unit on the garden floor. It’s now asking $1,895,000.
Take a look around
December 30, 2019

Famed flea market in Chelsea has closed

After nearly five decades in operation, a famed flea market in Chelsea officially closed on Sunday, the New York Times reported. Alan Boss, the owner of the Annex Antiques Fair and Flea Market, which first opened in 1976 on a corner lot on West 25th Street, said the landlords did not renew the market's lease. While Boss said he hoped to find a new location, there isn't much remaining in the expanding neighborhood. "The current location was the last available lot of any size," Boss told the Times.
More here
December 30, 2019

21 experts on NYC’s most important projects of the past decade

As the decade draws to a close, we're reflecting on the growth and evolution of New York City during the 2010s. In the past 10 years, the city has seen the rebirth of neighborhoods, the creation of a totally new one, the return of a major sports team to Brooklyn, and the biggest subway expansion in decades. We've asked notable New Yorkers to share which project of the past decade they believe has made the most significant impact on the city, from the redevelopment of the World Trade Center site to the revival of the Coney Island boardwalk.
The full list ahead
December 30, 2019

How to get around NYC this New Year’s Eve

Tomorrow roughly one million people will brave the cold and uncomfortable conditions to witness a quintessential New York celebration: New Year’s Eve in Times Square. The event is free and open to the public but NYPD will begin restricting traffic in the area as early as 4 a.m. and the viewing areas will start filling up around 11 a.m. so planning ahead is crucial. Here’s what you need to know.
All the NYE details here
December 30, 2019

New Year’s Eve in numbers: Fun facts about the Times Square ball drop

Every year as the clock nears midnight on December 31, anticipation runs high as the world holds its breath waiting for the sparkling New Year's Eve Ball to descend from its flagpole atop One Times Square. We all know that the countdown starts at 10, but there are a handful of other fun facts to muse over when it comes to the city's most lauded tradition. From the wattage of the ball to the weight of trash produced to how long it takes to get it all cleaned up, see what we've rounded up, in numbers, ahead!
More on New Year's Eve in Times Square here
December 27, 2019

Bruce Willis sells 22-acre Westchester estate at a $5M discount

After nearly a year on the market, Bruce Willis has finally unloaded his 22-acre Westchester estate, reports the Wall Street Journal. The actor and his wife, Emma Heming Willis, first listed the property in January for $12.95 million but dropped the price to $9.4 million in August. The couple said they were selling since they planned to move back to the west coast, and they must have been quite eager, as they ultimately let it go for $7.66 million, a 41 percent discount and a big loss from the $12 million they bought it for in 2014.
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December 27, 2019

Cuomo vetoes bill to legalize e-bikes despite overwhelming support

Gov. Andrew Cuomo on Thursday vetoed a bill that would have legalized electric bikes and scooters, despite overwhelming support from lawmakers and advocacy groups. Approved by Albany in June, the bill legalized e-bikes and e-scooters, capping their speeds at 25 and 20 miles per hour, respectively, for riders aged 16 years and older. But Cuomo said the bill, sponsored by Assembly Member Nily Rozic and State Sen. Jessica Ramos, left out safety measures he had sought.
More here
December 27, 2019

Ultra-high-end sales defined the 2019 real estate market

Throughout the year, there was much speculation that the real estate market was on a decline, but according to CityRealty's annual Manhattan Year-End Report, ultra-high-end sales continue to keep the market strong. On par with 2018's 228 sales, this year saw 221 sales at $10 million or more, totaling $4.6 billion, up from last year's $4.2 billion. As CityRealty tells us, this is "largely due to big-ticket purchases near the southern end of Central Park, most notably at 220 Central Park South," which accounts for one-third of that total, as well as a glut of new development condos coming online.
More details ahead
December 27, 2019

Cuomo revives proposal for high-speed rail in New York

Gov. Andrew Cuomo on Thursday revived a decades-long proposal to bring high-speed rail to New York. As part of his 2020 State of the State agenda, the governor said he will convene a group of experts to "reexamine and rethink strategies" to connect New York City with cities across New York. Despite being called a priority of New York leaders for decades, including former Gov. Mario Cuomo in the 1990s, the high-speed rail proposal has failed to materialize due to exorbitant costs and logistical issues.
Details this way

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