Real Estate Wire: 6,500 New Condo Units Coming in 2015; Delving into the Boutique Housing Trend

January 2, 2015

Twice as many condo units as 2014 (6,500 to be exact) are expected to hit the market in 2015. [NYT]
Two 14-story rental towers are coming very close to the Cathedral of St. John the Divine. [FC]
Are boutique condos replacing major developments like One57 as the sexiest place to live in NYC? [NYP]
Queens affordable housing development Hunter’s Point South gets 92,000 applications for 924 units. [NYDN]
Michael Gross, author of books about living in 740 Park and 15CPW, buys a co-op at 860 United Nations Plaza. [NYO]

Images: 520 Park Avenue, where condo units will hit the market in 2015 (L); Boutique condo 560 West 24th Street via Urban Compass (R)

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$50M penthouse is the last residence available at the Upper East Side’s famed Surrey Hotel

By Aaron Ginsburg

Manhattan's famed Surrey Hotel is making a comeback. Following bankruptcy proceedings, new owners, and a renovation, the 100-year-old Art Deco landmark at 20 East 76th Street on the Upper East Side reopened last month as a condo hotel, with 100 hotel rooms and 14 condos, part of the Surrey Residences. Now, after a whisper sales campaign, just one remaining apartment is about to hit the market: a three-bedroom duplex penthouse asking $50,000,000. The sprawling residence, the building's most expensive, offers 5,195 square feet plus 2,346 square feet across three terraces and a private rooftop.
tour the penthouse