Search Results for: 45 East 22nd Street

September 11, 2014

The Golden Age of Related: A Closer Look at New York’s Leading Real Estate Developer

Founded in 1972 by former tax attorney Stephen Ross, the Related Companies got its start securing funding for affordable housing upstate. Before long, the company moved to New York City, bringing affordable units to Battery Park City and the Upper East Side. When the boom years of the 1990's hit, Related got involved with luxury development, beginning with the renovation and conversion of an historic Beaux Arts building at Union Square into the W Hotel and then the development of 1 Union Square South. Today, the Related name is attached to some of today's biggest and most high profile projects, including One Madison and Hudson Yards. And with more than $15 billion in assets, the company is New York's leading real estate developer.
We take a closer look at Related's high-end portfolio
August 14, 2014

When Looking at Manhattan’s Condo Sales the Downtown Market Reigns Supreme

Though everything seems to slow to a glacial pace during the summertime months, a sluggish market wasn't the case for condo sales the week of July 14th. Buyers steadily scooped up prime properties with the city so far recording 249 condo and co-op sales. Manhattan's biggest buys came via the usual suspects—Flatiron's One Madison, and uptown faves Carnegie Hill and the Arpthorp—with deals ranging from $10.1 million up to $14.5 million. According to CityRealty's Market Insight report, although the city's top exchanges registered above 23rd Street, when eyeing contracts closed over the last 90 days, it looks like Downtown Manhattan reigned supreme when it came to the highest number of units sold (337), and the top prices garnered per square foot ($2,077 and $2,047 in the West Village and Soho, respectively). Overall, the area recorded an impressive $1 billion in total sales over the last three months.
All the details in graph form here
June 5, 2014

A Closer Look at NoMad – Manhattan’s “New” Neighborhood

New York's ever-changing culture is reflected in the surge of new neighborhood names that have sprung up recently — LeDel (below Delancey Street), RAMBO (right around the Manhattan Bridge Overpass), or, one of the most inventive, BoCoCa (the area that is intersected by Boerum Hill, Cobble Hill, and Carroll Gardens). Fortunately or unfortunately, none of these creative monikers have stuck. One that has, though, is NoMad (north of Madison Square Park), bound by 25th Street, 30th Street, Avenue of the Americas, and Lexington Avenue. NoMad has become a go-to place for culture, food, business, and residential opportunities. During the last five years, the neighborhood has seen price-per-square-foot averages rise by 40 percent; the average price per square foot for a condo is now $1,791 compared with $1,279 in 2010.
How did this transformation in NoMad occur? Find out here.
May 16, 2014

Market Snapshot: The Week of May 16, 2014

Flatiron and Midtown West have seen dramatic neighborhood price increases over the last 90 days. And surprise, surprise, sales in One Madison and the uber pricey, uber tall One57 are the two forces driving the change. Azad Ali talks about two decades spent preserving and restoring old homes in Prospect Park South, Ditmas Park and Midwood in Brooklyn. Fans of Breakfast at Tiffany’s will want to check out the $10 million listing for that little townhouse where fictional Holly Golightly entertained her many suitors. Learn about Mexico-born Ismael Leyva, the workhorse architect who has risen to prominence designing interiors for Related Companies projects like One Carnegie Hill, the TriBeCa Royale and The Brompton.   For market trends, cool listings and interesting tidbits about New York's most noteworthy buildings and neighborhoods, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
Get the full report here
April 5, 2014

Sky High Living: Inside the Penthouses of 10 of Manhattan’s Supertalls

Manhattan is known for hosting more than a handful of the world's most luxurious homes — many of which are perched hundreds if not thousands of feet above ground. Though few folks will ever get to see the interior of anything higher than their 5-story walk-up, we're offering up a look into how New York's loftiest live. From the "smallest" to the tallest, take a peek into the penthouses of 10 of Manhattan's supertall condos ahead. And just to give you a little more context, the Empire State Building soars 1,250 feet high.
It's a tall, tall world