6sqft | NYC local news, events, and apartments

With the weather warming up, nothing looks better than the roof deck that comes with this Clinton Hill apartment at 27 Quincy Street. There's an entire 625 square feet of private outdoor space, nearly as large as the 775-square-foot, one-bedroom pad. Two cabanas were combined into one and decked out with everything from a built built-in bar to planters to furniture. The inside of the apartment isn't too shabby, either.
See photos of the deck

Distinctive Homes

May 9, 2016

New Renderings for 21-Acre Brooklyn Greenway; Shipping Container Radio Launches Coffee Kiosk

WXY Architecture has released new renderings of The Brooklyn Strand, a 21-acre greenway that will connect the downtown waterfront, parks, and areas surrounding the Brooklyn Bridge and BQE. [6sqft inbox] The best part of living in New York state? It has the highest salaries. The worst part? The taxes. [attn] Lot Radio, the independent online radio […]

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May 9, 2016

The Guggenheim Superimposed On a Struggling Colombian City Highlights Urban Identity

When Spanish photographer and artist Victor Enrich visited Rafael Uribe in Colombia, an urban area a few miles south of Bogotá, he was struck by how the struggling city was lively, yet full of contradictions (h/t Dezeen). The result of mismanaged migration patterns in the mid-20th century, the area now lacks an identity, with the younger generations focusing more on the mainstream Bogotan culture than their own heritage. Enrich's photography project titled "Rafael Uribe Uribe Existe," which superimposes New York's Guggenheim museum over the landscape of the Colombian city, highlights the "contrast between North and South American imagination." In doing so, he hopes to show how international cities with a high quality of life are those that protect their different communities instead of allowing them to vanish.
More photos and background

Events & Things To Do

May 9, 2016

Ta-Nehisi Coates’ Brownstone Purchase LLC Tells of Escaped Slaves’ Brave Journey

Atlantic Writer, National Book Award winner and MacArthur Foundation Genius Grant recipient Ta-Nehisi Coates recently made an appearance in real estate news; Coates, who is among today's most prominent writers on African-American issues, and his wife recently purchased a landmarked five-bedroom townhouse in Prospect-Lefferts Garden for $2.1 million. Not one to miss an opportunity to explore a facet of cultural history, the couple worked an interesting story into the LLC they used to purchase the property, DNAinfo tells us. Buyers commonly register Limited Liability Corporations (LLCs) to purchase property in order to conceal their identities (celebrities, for example, or when making a big-ticket buy), and LLC names are often mundane, using the name of the property itself. But the Coateses LLC, "Ellen and William Craft Excursions LLC” has an inspiring tale behind it: The Crafts were an escaped slave couple from Georgia in the 19th century. Disguised as a white male slave owner and his slave, they escaped to Philadelphia in 1868.
Find out more

May 8, 2016

A Look at Architect Rosaria Candela’s Influence on Today’s New York

By Diane Pham

The open floor plan has dominated new constructions over the last several decades, first popularized in the 1950s by Frank Lloyd Wright with his Usonian designs. But as architectural trends wax and wane, the pendulum is swinging back to the classics, and more and more architects are looking to the early 20th century works of Rosario Candela for an “updated” living […]

May 7, 2016

Weekly Highlights: Top Picks From the 6sqft Staff

$250M Penthouse at 220 Central Park South Will Officially Be NYC’s Most Expensive Apartment East River Skyway Proposal Gains Steam, Would Only Cost Riders $25/Month The Whole Foods Effect: Does the Green Grocery Increase Home Values? Pinball Prohibition: The Arcade Game Was Illegal in New York for Over 30 Years Live in Extell’s Hudson Yards […]

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May 7, 2016

Leasing Begins at Neo-Brutalist Rental Tower in Midtown East

Leasing has begun at Midtown East's newest rental building at 235 East 44th Street. Developed by CMSJ Development, the 70,000-square-foot, ground-up building contains 67 units across its 19 floors. For current availabilities, monthly prices start at $3,300 for studios, $4,500 for one-bedrooms, $6,105 for two-bedrooms, and $8,100 for three-bedrooms. Designed by Gerner Kronick + Valcarcel Architects, it's is situated mid-block along a dense urban canyon just two blocks east of Grand Central Terminal and one block west of the United Nations. Its street-facing exterior is finished in GKV's trademark aesthetic of exposed cast-in-place concrete, reminiscent of the Brutalist movement of the 1950s and '60s. The tower's glass walls and concrete floor slabs undulate in opposite directions, softening the raw materials and adding fluidity to the building's form.
Interior apartment details this way

May 6, 2016

L Train Shutdown: MTA Will Decide in Three Months Which Way to Make Riders Suffer

The MTA announced at a town hall meeting Thursday night that they would "decide in the next three months at most" on the final details for the planned Canarsie Tunnel work to repair damage caused by Hurricane Sandy that would halt L train service west of Bedford Avenue, according to DNAinfo. The agency is considering two options: shutting down service for that portion of the line completely for 18 months, or having partial service that would give only "one in five passengers service to Manhattan" (or 20 percent of current service) and last up to three years.
Find out more about your hellish subway-less nightmare choices

Transit

Distinctive Homes

A Victoria's Secret model's angelic East Village flat with a solarium and terrace asks $2.9M

$4.5M Central Park West duplex in Hotel des Artistes gets color just right

An art historian's Village loft with pieces by Ai Weiwei and more asks $4.2M

The corner terrace at this $4.4M Stella Tower condo puts the city skyline at your feet

For $1.65M, this Prospect Heights pre-war co-op can expand to hold a classic six

This $5.6M Tribeca condo in a former spice-grinding factory brings warmth to loft proportions

For $700K, this parkside Brooklyn co-op adds dramatic design details to classic pre-war bones

For $6.5M, this Sutton Place townhouse can be three apartments, one modernist mansion, or anything in between

Every inch of this $1.8M Fieldston home was hand-crafted by an artist resident

Andy Cohen lists West Village duplex for $14M

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May 6, 2016

Former Bushwick Factory Gets a Stunning Designer Upgrade, Asks $3.5M

Bushwick has gained an international reputation for its creative and innovative culture; artists have lived and worked here for decades (long before Vogue magazine ponounced it hip), and the neighborhood's low-rise industrial infrastructure lent itself to the creation of open workspaces. Though we'd be more likely to see an impeccably designed carriage house on the market for $3.5 million in a neighborhood like Cobble Hill, rising property values and creative residents have always been inseparable. This converted two-story Swiss Army knife of a building at 326-328 Menahan Street justifies its ask by offering the "ultimate live/work home." The home's renovation was undertaken by its current owners, Norwegian artist Haavard Homstvedt and Stine Christiansen Homstvedt, an interior designer. Its 6,000 square feet are definitely configured unconventionally; the meticulous remodel that created this unique property is as modern and as creative as the pair behind it.
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Distinctive Homes

May 6, 2016

Spotlight: Alex Gregg Is the Upper East Side’s Go-To Comic Book and Sports Card Guy

By Susan Cohen

At a time when Batman and Captain America are all over the big screens and sports culture is becoming increasingly digital, one might think superheroes' and athletes' presence on paper is waning. But collecting cards and comics is alive and well in Yorkville, where Alex's MVP Cards and Comics has everything an X-Men-, Archie-, or sport-loving aficionado could want. Alex Gregg first opened a store on the Upper East Side 27 years ago. The business grew out of his own personal collection and interest and is now the place to locate that latest rookie card, newest comic, or buy a piece of memorabilia. Alex certainly knows a great deal about history - particularly New York history - having worked for 22 years as a bartender at the famed (and now closed) establishment Elaine’s. 6sqft recently spoke with Alex about how cards and comics have both changed and remained the same and about his days at Elaine’s.
Read the interview with Alex

May 6, 2016

The Garden State of New York: Jerseyans Move to Manhattan and Brooklyn More Than Anyone

New Yorkers might want to stop hating on Jerseyans, because without the bridge and tunnel demographic the city would be a barren wasteland, at least according to this fun map from Very Small Array. First spotted by Brokelyn, the map uses census data to plot the state from which most people come in a given neighborhood (excluding those originally from New York). And as you can see, New Jersey makes up the majority of the city, followed not surprisingly by California. Florida, the third-place state, is a bit more unexpected, as is the fact that Mill Basin/Bergen Beach is full of Alaskans.
More data this way

City Living

May 6, 2016

Livi Transforms the Traditional Flower Pot With Biomimicry and a Smart Stick-On Design

There's no denying 6sqft is a huge fan of incorporating greenery into the living space, both for their aesthetic appeal and numerous health benefits, so we're always on the lookout for new ways to house our favorite green friends. The latest innovation is Livi, a modern take on the traditional flower pot that uses Biomimicry to create self-adhering pads that replicate the way frogs' feet attach to glass or other smooth surfaces. Livi's fancy feet add life and functionality to the flower pot, allowing you to position your plants on both vertical and horizontal surfaces.
Find out more

May 6, 2016

Five-Star ‘Lazar Hotel’ Coming to Midtown, Will Meld Modern With Late-1700s Baroque

West 44th Street between Fifth and Sixth Avenues is home to some of the city's most elite hotels, such as the Royalton, Sofitel and Algonquin, and also to esteemed institutions like the Harvard Club, Penn Club and New York Yacht Club. Near the stretch's Fifth Avenue corner, a new 20-story, 96-key hotel tower is in the works at 7 West 44th Street, and it will be festooned in Baroque stylings, Juliet balconies, twisted columns, cast-iron railings, and a grand lobby staircase.
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May 6, 2016

Rare and Spectacular Light-Filled Penthouse Overlooking Gramercy Park Asks $2.5M

From the outside, the Gramercy Park townhouse at 132 East 19th Street is immediately impressive. According to this Streetscapes column, it was a brownstone completely redesigned in 1908 by the innovative architect Frederick Sterner. Now the facade boasts a light stucco and huge windows that lend to lovely, bright apartments. The building's penthouse unit has hit the market and is showing off massive floor-to-ceiling clerestory windows, under 14-foot ceilings, that offer a view over the other landmarked townhouses of Gramercy Park.
Take a look

Distinctive Homes

May 6, 2016

‘Hamilton’ Scalpers Make $240K Every Week; There are 76,000 Elevators in NYC

For every performance of “Hamilton,” at least $30,000 goes to ticket resellers. And with eight shows a week, that comes out to $240,000 every seven days or almost $12.5 million a year. [Bloomberg] The 2016 Manhattenhedge dates have arrived. [Gothamist] Here’s a look at NYC’s elevator data. There are 1,570 miles of elevator shafts, almost […]

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May 6, 2016

Quirky Playing Cards Are Designed With History’s Most Iconic Architects

Federico Babina is an Italian illustrator who's previously brought us clever illustrative works like Archisutra and Archidirector. In both series, Babina replaces images of people with personified buildings, and with his new series, Archicards, he adopts this same approach but with a twist. Instead of replacing people with buildings, Archicards replaces the standard images found on playing cards with famous architects throughout history. So, the king of hearts is now Corbu, while the king of diamonds is played by Frank Lloyd wright—just to name a few.
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May 5, 2016

$250M Penthouse at 220 Central Park South Will Officially Be NYC’s Most Expensive Apartment

For over a year, it's been a guessing game with just how expensive 220 Central Park South's penthouse will actually be. Initial murmurings put the price at $175 million, but later reports that claimed hedge fund tycoon Ken Griffin was the buyer upped it to $200 million. The guessing is over, though, as The Real Deal has obtained an amended offering plan filed with the New York Attorney General, which shows that the 23,000-square-foot, four-floor "billionaire's bunker" will cost a mind-boggling $250 million (or $11,000 per square foot), making it by far the city's most expensive apartment.
Check out the insane floorplans

Uncategorized

Live in Extell’s Hudson Yards Skyscraper 555Ten for $910/Month

Last September, 6sqft reported the topping out of Extell Development's 610-foot-tall, mixed-use tower quietly rising at 555 Tenth Avenue and 41st Street. Now fully sheathed in glass, the development team kicked off its housing lottery for the building's 120 below-market rate units, priced from $910 per month for studios up to to $1,315 for three-bedrooms. Designed by SLCE Architects, the 53-story, 725,000-square-foot structure rises one block west of the Port Authority Bus Terminal and two avenues west of the 42nd Street A/C/E train station with its connection to Times Square. The building is within the emerging Hudson Yards area, which over the next decade will usher in thousands of residential units and millions of square feet of new office space. Across from the tower, an additional 7-train subway station may be constructed to meet the increasing number of residents in the area.
Find out if you qualify here

Norman Foster Still in the Running to Design 2 World Trade Center

Foster’s original design

May 5, 2016

Norman Foster Still in the Running to Design 2 World Trade Center

By Diane Pham

Nearly one year ago it was revealed that starchitect Bjarke Ingels would be taking over the design of 2 World Trade Center from Norman Foster as developer Silverstein Properties was in talks with Fox and News Corp. to make the tower their new headquarters. However, plans fell through in January when the media companies opted to remain at their Midtown headquarters at 1211 and 1185 Sixth Avenue. Now without a tenant and two different designs in hand, Chairman Larry Silverstein is said to be weighing both options. “[The top of] Two was a distinguishing feature of Norman Foster’s design,” Silverstein told The Post. “Opposed to what Bjarke Ingels proposed. We can go in either direction. Which way, we are not sure yet.” But he did add that they were leaning towards Ingels' design in discussions being had with prospective anchor tenants, which include BlackRock and JPMorganChase.
Find out more here

Architecture And Design

May 5, 2016

Jonah Hill Picks Up $9.16M Apartment at Noho’s Schumacher Condo Conversion

By Annie Doge

A tipster told 6sqft back in December that Jonah Hill was seen taking photos outside The Schumacher, the then-newly unveiled Noho condo conversion at 36 Bleecker Street. As it turns out, just two months prior he bought a unit in the building for $9.16 million, according to the Post. The unit, which was originally listed at $9.5 million, is a 3,280-square-foot, four-bedroom spread. It features the signature elements of the residence, including exposed brick vaulted ceilings, massive arched windows, restored original columns and beams, and views down to the building's vine-covered courtyard.
Take a look around

May 5, 2016

Art Nerd New York’s Top Event Picks for the Week – 5/4-5/11

By Lori Zimmer

In a city where hundreds of interesting happenings occur each week, it can be hard to pick and choose your way to a fulfilling life. Art Nerd‘s philosophy is a combination of observation, participation, education and of course a party to create the ultimate well-rounded week. Jump ahead for Art Nerd founder Lori Zimmer’s top picks for 6sqft readers! Another week of art fairs is upon us, with Frieze New York taking the lead (and the advantage of warmer weather). Spend the weekend hopping between Frieze, NADA, CONTEXT, Art New York and 1:54 Contemporary African Art Fairs, and their many, many affiliated events. If the whole ordeal is just too much for you, no worries. Marina Abramovic's former lover and partner ULAY will perform in New York for the first time since 1986, Martin Creed's giant neon sculpture will illuminate Brooklyn Bridge Park for the Public Art Fund, and Duke Riley will entice Creative Time fans with a flock of LED equipped pigeons that will fly over the East River in a special performance.
More on all the best events this way

Events & Things To Do

May 5, 2016

Hula-Hoop Master Lists Colorful and Quirky Financial District Condo for $2.2M

In the midst of New York's gray and rainy weather, this apartment is sure to brighten your day. Located at 111 Fulton Street in the Financial District, it belongs to Stefan Pildes, a hula-hoop instructor and the president of Groovehoops, a performance troupe of hula-hoop entertainers. (He bought it in 2009 for a little over $1 million.) The 1,738-square-foot apartment already has good bones -- eight-foot windows, 11-foot ceilings -- but it's been completely decked out with wallpaper, colorful furniture and art, and custom lighting.
Take the grand tour

Distinctive Homes

489 New Units of Affordable/Elderly Housing to Rise on Land in Brooklyn and the Bronx

Photo via Wiki Commons

May 5, 2016

489 New Units of Affordable/Elderly Housing to Rise on Land in Brooklyn and the Bronx

The de Blasio administration is expected to announce plans to lease New York City Housing Authority (NYCHA) land to build nearly 500 apartments for low-income and elderly tenants in three buildings of up to 16 stories within existing housing projects in Brooklyn and the Bronx, according to the New York Times. The sites, on parking lots and grasslands within the projects, were included in the housing authority's initiative to improve deteriorating public housing, as well as increase the number of new affordable units. More controversial plans are also in the works to add market-rate housing within public housing projects in prime real estate locations.
Find out more

Affordable Housing

May 5, 2016

Author Ta-Nehisi Coates Buys $2.1M Brooklyn Brownstone; Why NYC Has So Many Tulips

Atlantic writer and MacArthur Genius Grant winner Ta-Nehisi Coates bought a landmarked Prospect-Lefferts Gardens brownstone for $2.1 million. [NYP] Tour the 25 indoor and 12 outdoor venues for this summer’s Rio de Janeiro Olympics via Google Maps. [Refinery 29] For the first time in 40 years, a new brewery opens in Bushwick. [Edible Brooklyn] Take a look around NYC […]

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May 5, 2016

A Quiet Oasis on the West Village’s ‘Sex and the City’ Block for $720K

Everything you need to know about affordable housing: applying, getting in, and staying put

Home to movie stars, models, moguls, designers and plenty of lucky mortals in possession of a small fortune (at the very least), the West Village is one of New York's most sought-after neighborhoods. This one-bedroom co-op at 77 Perry Street on the famed "Sex and the City" block is all sunbeams and charm when the afternoon sun shows off its exposed brick walls, 10-foot ceilings and beautifully restored original hardwood floors. Its ask of $720,000 definitely reflects the neighborhood's cachet, but anything with even a memory of six figures in this neighborhood could be considered a find.
Get a closer look

Distinctive Homes

May 5, 2016

Ashley Olsen Buying a $7M Luxe Greenwich Village Condo

By Annie Doge

The Olsen twins have long been fans of the Village, from attending NYU to naming their fashion line the Row after the famous brick townhouse along Washington Square North. Now single sister Ashely is setting up a permanent home in the 'hood, as the Wall Street Journal reports that she's in contract to buy a two-bedroom spread at 37 East 12th Street that was last listed for $7.1 million. The 19th century building with a Beaux-Arts cast-iron facade is being converted to six, full-floor boutique condos, and listing agent Jared Seligman of Douglas Elliman said this privacy is what Olsen liked.
See the full spread

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May 4, 2016

East River Skyway Proposal Gains Steam, Would Only Cost Riders $25/Month

With public meetings about the impending L train shutdown beginning this week, much of the conversation is centered around alternate ways to shuttle people between downtown Manhattan and Brooklyn. One solution is the East River Skyway, an aerial gondola system that would run along the Brooklyn waterfront and into Manhattan, bringing commuters over the river in just 3.5 minutes. The proposal from Dan Levy, president and CEO of CityRealty*, first surfaced in 2014, then referencing the Brooklyn development boom that will bring tens of thousands of new residential units to the borough in the coming years. But now with a possible years-long shutdown of the L, along with skyrocketing subway ridership, the Skyway is drumming up support from investors, DNA Info reports. Levy told 6sqft, "We've completed some preliminary engineering and design work around the cars and the stations and how they could meld with their respective locations — and more broadly the city skyline. Given their high visibility we want to be context sensitive." He also revealed that, although the project would cost up to $134 million (per estimate from engineers), an unlimited monthly pass would cost only $25.
READ MORE

May 4, 2016

Related Launches Hudson Yards Living Website With New Renderings

On the heels of the news that Hudson Yards will add $18.9 billion to the city's GDP and the reconfirmation that the developers will build an iconic $200 million sculpture at the center of the plan's plaza, Related quietly launched a new Hudson Yards Living website, providing general information for prospective residents and a few new images of the $20 billion master plan.
More details and renderings this way

Pinball Prohibition: The Arcade Game Was Illegal in New York for Over 30 Years

Police Commissioner William O’Brien smashing a pinball machine in 1949

May 4, 2016

Pinball Prohibition: The Arcade Game Was Illegal in New York for Over 30 Years

It's hard to believe, but between the 1940s and '70s pinball was actually banned in NYC, as well as other major cities like Chicago and Los Angeles, for its questionable ethics. While most of us consider the arcade game a wholesome activity, its first iteration was without the flippers and considered a form of gambling. From city raids to seedy backdoor operations, pinball prohibition lasted for more than 30 years, and efforts to get the beloved game legalized were equally dramatic.
Get the full scoop

History

May 4, 2016

432 Park Avenue Reveals Glowing White Cube for Retail Space

While most of the news surrounding Rafael Viñoly's iconic 432 Park Avenue has been about big ticket closings at the Billionaire's Row blockbuster with a $3.1 billion projected sellout, developer Macklowe has revealed more about what the news-making skyscraper's 130,000 square feet of retail and office space, divided over several floors, will look like. Adding an even more attention-getting element to the tower, a portion of the building's retail space will be located in a two-story white glass cube at the corner of East 57th Street and Park Avenue.
Find out more

Stuff You Should Know: How Eminent Domain Works

The Atlantic Yards (now known as Pacific Park) in Brooklyn where eminent domain was used to take property. Image via Atlantic Yards Report

May 4, 2016

Stuff You Should Know: How Eminent Domain Works

By Penelope Bareau

It has been called the most coercive public policy after the draft. It has also been said that without it, construction in major cities would come to a shuddering stop. What is this powerful, controversial tool? Can both statements be true? Eminent domain is the policy by which a governmental agency can acquire or "take" property from an owner unwilling to sell in order to build something else there, and it has been around for centuries. Some say it derives from the medieval concept of the divine right of kings, empowered by God the Almighty to be sovereign over all. And by inference, that includes the land, which individual owners occupy and trade at the king's sufferance. When he wants it back, it is his right to take it. So under eminent domain, all land theoretically belongs to the state, which can assume control at any time.
more on eminent domain here

May 4, 2016

An Option to Buy or Rent a Historic Renwick Triangle Townhouse in the East Village

Just because the East Village isn't known for its townhouse stock doesn't mean there aren't wonderful, historic (and expensive) houses to move into there. Take this one, at 114 East 10th Street, which is part of the Renwick Triangle in the St. Marks Historic District. The triangle gets its name from architect James Renwick Jr., who designed it with rows of Anglo-Italianate single-family homes. This house was on the market two years back asking $7.5 million and it sold for $7.606 million. Now you can either buy or rent it, for $9.85 million or $50K a month.
See the historic interior details

May 4, 2016

Affordable Luxury Hits the Upper East Side Market at 389 East 89th Street

At First Avenue and 89th Street on the Upper East Side, 31 floors of spacious, light-filled homes have been reintroduced to the market. In a building previously known as the Post Toscana, 199 rental apartments have been upgraded and enlarged into 156 one- to three-bedroom residences fashioned by acclaimed interior designer Paris Forino. Now dubbed 389 E 89, the tower is the latest in a flurry of top-shelf rental buildings re-branded as affordable condos with high-end finishes.
All the info ahead

May 4, 2016

Use BrickBox Modular Shelving to Store Books, Create Room Partitions or Move Homes

Kazam Design's BrickBox is a simple yet innovative storage system that consists of wooden boxes designed to easily fit together without screws or assembly. The units can be stacked or arranged to not only provide ample and flexible shelving, but to create sideboards or room separators. Each "brick box" also doubles as a wooden box perfect for transporting your belongings when you move from one space to another.
More on this design here

May 4, 2016

Jane Jacobs Google Doodle; WTC Transportation Hub Getting a Massive LED Billboard

Marking her 100th birthday, legendary preservationist Jane Jacobs gets the Google Doodle treatment. [Gothamist] And here’s all the NYC apartments she lived in. [Untapped] Obama is considering making Christopher Park, located right across from the Stonewall Inn, a national monument to the gay rights movement. [NYT] There’s now a dedicated bathroom for dogs at JFK Airport. […]

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May 4, 2016

$14M Gilded Age Mansion in Murray Hill Was the Home of J.P. Morgan’s Attorney

Most of New York City's grand and historic homes have been altered for modern-day use as apartments, libraries, hotels, diplomatic buildings and the like. And when it comes to those that have remained as opulent single- or multi-family homes, most have changed hands so many times that we don't know much about their history. That is not the case for this massive 9,300-square-foot townhouse across the street from the Morgan Library. The home was originally the residence of J.P. Morgan's attorney John Trevor, Sr. and is currently in use as a 10-unit apartment building–albeit a rather special one with some unique spaces like a private office and a gorgeous rear parlor with symphony-ready acoustics and 13-foot ceilings. Whoever purchases the home, on the market for $14 million, could create a vast five-story mansion (there's already an elevator), or any number of alternate configurations–but they'll still have great sound in that back parlor.
The neighborhood blows up, then the lawyers move in

May 3, 2016

The Whole Foods Effect: Does the Green Grocery Increase Home Values?

Fairway Market, considered by many the quintessential New York City supermarket, filed for bankruptcy yesterday, citing competition from "natural, organic and prepared food rivals" and "online ordering and home delivery services," according to the Wall Street Journal. Perhaps their biggest threats are Whole Foods and Trader Joe's, which both seem to be in a very different boat. Yahoo! Finance looked at data of four million homes in the U.S. that are located in a zip code with either one of these stores, "finding that average property values in a ZIP code with Trader Joe's appreciated by about 40 percent since they were purchased, while homes with a Whole Foods in the ZIP code appreciated by nearly 34 percent." The reasoning is quite simple -- people will pay a premium for the convenience of being near their favorite stores. And proximity to a store like Whole Foods, often thought of as more high-end than other grocery stores, adds an air of prestige to a neighborhood. But the science behind it is a bit of a chicken or the egg situation -- does a retailer directly affect home values, or are these companies able to identify locations where they'll generate the most interest?
Find out this way

May 3, 2016

Extell Files to Demolish Two More Fifth Avenue Buildings For Its Mega-Midtown Assemblage

Back in January, 6sqft reported that the busybodies at Extell Development filed permits to demolish a string of six tumble-turned walk-up buildings between 3 and 13 West 46th Street in Midtown. Now, as expected, the Gary Barnett-led firm has filed permits to demolish the Warren & Wetmore-designed corner building at 562 Fifth Avenue and a somewhat incongruous Tudor-style building at 564 Fifth Avenue. While none of the condemned buildings are extraordinary in design, 562 Fifth Avenue is perhaps a more tasteful affair than much of the schlock going up these days. Designed by the same architects as Grand Central Terminal, the slivery 13-story commercial building was once known as the I. Miller Building and features intricately ornamented spandrel areas, a pedimented roofline, and an unoriginal albeit charming Fifth Avenue storefront.
More on Extell's plans and the history of the soon-to-be-razed buildings

May 3, 2016

Three Floors, Three Amazing Terraces at This $6.4M Tribeca Penthouse Loft

If you couldn't afford the penthouse unit at 153 Chambers Street in Tribeca the first time it hit the market, now it's back with a nearly $1 million price chop. Last year, the impressive pad hit the market asking $7.25 million and now it's down to $6.4 million. Most notable about this triplex space are the three different terraces, decked out with a hot tub, hidden outdoor shower, landscaping and impressive views of the Freedom Tower. With summer approaching, these are some of the most envy-inducing terraces we've ever seen...
Check them out

Distinctive Homes

May 3, 2016

VIDEO: A Visit to the ‘Creepy’ Depths of the ‘90s Subway Finds Some Things Haven’t Changed

Here’s a video that drops a subway token on the dark ages of 1990, when the city's underground transit system may have been a little “creepy,” but buses still took forever. While our ideas of what’s merely unruly (afterschool hordes) and what’s downright dangerous (the NYPD, eek!) may have been changed by the intervening years, it’s interesting to note the things that have stayed the same (capacity crowds on the Lexington Avenue line). Our host, a Fonzie-meets-Geraldo-esque Newsday columnist by the name of Ellis Henican, skims the surface of the many, many things that are going on below it in the city’s subway tunnels of the day, including ghost stations, locked restrooms and more.
Find out what's changed, what hasn't and what's still creepy

May 3, 2016

Skyline Wars: New Jersey’s Waterfront Transforms With a Tall Tower Boom

By Carter B. Horsley

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 seventh 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 the new New Jersey skyline. The hulking, 781-foot-high Goldman Sachs tower at 30 Hudson Street in Jersey City is like the Rock of Gilbraltar to Lower Manhattan’s famed skyline: massive and impressive. To some, perhaps, it conjures a Monty Python catapult or a very steep cliff on which to mount the Guns of Navarone for an assault on Lower Manhattan. It dominates the Jersey City skyline, which is a bit Spartan, especially in comparison with Brooklyn’s. Most of the skyscrapers in Brooklyn, however, are not directly on the waterfront and the Goldman tower is very much “in your face” on the water. Furthermore, all of a relative sudden, Jersey City is about to explode with three taller towers, which I can only describe as delirious, dancing, shimmy-shimmy-shake buildings with drop-dead vistas of Manhattan and the Hudson.
read more from carter here

May 3, 2016

Looking Back at the Ruined Serbian Orthodox Church; An Oral History of ‘Rent’

On Sunday night, a fire tore though the Flatiron’s Serbian Orthodox Church. Here’s a look back its fascinating history. [NYT] Barbara Corcoran lists her UES co-op for $4.9 million. Last year, she picked up a $10 million penthouse in the ‘hood. [NYP] What moms want for Mother’s Day by state. [Mashable] Twenty years after “Rent” […]

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May 3, 2016

Alison Jennison’s Greenpoint Townhouse Reflects the Neighborhood’s Eclectic Vibe

From its residents to living spaces, Greenpoint has become a diverse neighborhood across the board, and this cozy townhouse from designer Alison Jennison reflects these same vibes. The interior combines a modern color palette with an eclectic and well-curated mix of furniture and art, creating a balanced and comfortable place to call home.
See the full space here

May 3, 2016

172 Madison Tops Out and Reveals Renderings for Incredible Penthouse with Two Pools

Within the Empire State Building's five o'clock shadow, an eruption of glossy residential high-rises are nipping at the dame's feet. Embracing a thoroughfare most familiar for its commercial connotations, the latest tower to ascend is a 33-story condo simply known by its address, 172 Madison Avenue. The 130,000-square-foot skyscraper is being developed by Tessler Developments and is among a half-dozen residential buildings planned for a central, yet undefined neighborhood that is almost Murray Hill, but not quite NoMad. Its topped off concrete frame rises nearly 450 feet above its East 33rd street corner, which was previously occupied by a ubiquitous clump of commercial, low-slung masonry structures. Now with its debut pegged for early next year, the symmetrically-massed tower designed by Karl Fischer Architects is being dressed in its sparkly coat of reflective glass that is accentuated by robust onyx-colored frames. And along with this debut, comes new renderings of the triplex penthouse dubbed the SkyHouse, which is a massive marble palace with two outdoor pools.
All the details and renderings ahead

520 Fifth Avenue

Midtown West

Live at the center of NYC

1 beds starting at $2,445,000
2 beds starting at $3,435,000
3 beds starting at $6,775,000

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May 3, 2016

Late Portrait Artist Aaron Shikler’s UWS Co-op in the Iconic Studio Building Asks $7.8M

Late portraitist Aaron Shikler is best known for his classically gorgeous paintings of the American elite, most notably an official White House portrait of Jacqueline (then) Kennedy as First Lady and (posthumously) President John F. Kennedy as well as paintings of notables like Lady Bird Johnson, the Duchess of Windsor and the portrait of Ronald Reagan that appeared on Time magazine’s Man of the Year cover in January 1981. The Brooklyn-born artist and his wife, who died in 1998, lived at the standout Studio Building cooperative at 44 West 77th Street overlooking Central Park for over 50 years with their family. Shikler passed away last year at 93, and since ownership appears to have been transferred to the couple's two children in 2013, we'll assume they're the ones who have just put this classically grand three-bedroom Upper West Side co-op on the market for $7.795 million. Among the most thrilling of its many assets is the light-filled, enormous art studio where Shikler worked. The artist's fascinating paintings are visible throughout the apartment (though we doubt they're part of the deal).
Take a look around this creative co-op

May 3, 2016

Average Condo Sale in Manhattan Reaches $2.9M, Setting New Record

For the second quarter in a row, average condo sales prices in Manhattan are breaking records. The first three months of 2016 saw $4.59 billion in aggregate sales, breaking the previous record of $4.57 billion that was set last quarter, according to data from CityRealty. The average sales price topped out at $2.9 million, also significantly higher than last quarter's $2.5 million. These figures aren't surprising considering 24 percent of all condo sales during the beginning of this year were at or above $10 million, with new luxury developments like 432 Park Avenue, The Greenwich Lane, and 150 Charles Street accounting for the uptick.
More stats this way

Real Estate Trends

May 2, 2016

Hedge Funder Daniel Nir’s $52M Co-op Sale Is This Year’s Biggest

When Daniel Nir, founder and CEO of hedge fund Gracie Capital, and his wife, philanthropist Jill Braufman, listed their sprawling Upper East Side co-op for $48 million a year ago, it certainly caught raised a few eyebrows. But the 16-room home at 4 East 66th Street has actually sold over ask for $52 million, making it this year's biggest co-op sale and the seventh biggest co-op sale to date. It's also the first time this pre-war building has cracked the top-ten list. The couple bought the home in 2007 from hotelier Robert H. Burns for $29 million, leaving them with a nice chunk of change.
See what all the fuss is about

Real Estate Trends

May 2, 2016

Interactive Map Shows How Your Neighborhood Has Recovered From the Housing Market Crash

Most Americans are finally starting to feel a bit of relief that the economy is getting back on its feet, but when it comes to the housing market, it's not as cut and dry as we might think. Analyzing data from Black Knight Financial Services from 2004 to 2015 (the bubble, burst, and recovery), the Washington Post asserts that the country's housing arc has only worsened inequality. "It also helps explain why the economic recovery feels incomplete, especially in neighborhoods where the value of housing — often the biggest family asset — has recovered little, if at all," they explain. For example, an average single-family home gained less than 14 percent in value over the past 11 years, but homes in the nation's priciest neighborhoods have gained 21 percent. And interestingly, in Bed-Stuy, Brooklyn, an area that saw a huge gentrification push during this time period, single-family home values have tripled and risen by 194 percent -- the largest increase of any metro area in the country. The Post has taken the data and compiled it into an interactive map that lets users simply input a zipcode to see how the area has fared.
More national and local trends ahead

Real Estate Trends

May 2, 2016

Study: Hudson Yards Will Add $18.9 Billion to the City’s GDP