New Museum Expansion designed by OMA (Rendering credit Bloomiages)
It can be all too easy to forget what day of the week it is after over two months on lockdown, but New York State is still keeping track and getting ready to collect the first half of property tax payments due July 1. While it’s doubtful that anyone has ever looked forward to that, this year is especially tense for homeowners who have been hit by unemployment and other economic effects of the COVID-19 pandemic and the efforts to contain it. This is also a challenge for landlords - a new study by the Community Housing Improvement Program reports that about 25 percent of New Yorkers skipped rent payments in May.
Property taxes aren't the only item on New York's agenda for this summer. Earlier this week, officials at the Metropolitan Museum of Art announced plans to reopen in mid-August with changes in place to meet social distancing guidelines. Additionally, Cipriani Downtown conducted a test service with waitstaff in PPE - between this and David Rockwell's outdoor dining plan, the city's famous restaurant scene could look very different.
Property taxes aren't the only item on New York's agenda for this summer. Earlier this week, officials at the Metropolitan Museum of Art announced plans to reopen in mid-August with changes in place to meet social distancing guidelines. Additionally, Cipriani Downtown conducted a test service with waitstaff in PPE - between this and David Rockwell's outdoor dining plan, the city's famous restaurant scene could look very different.
In this article:
Renter's remorse at Robert De Niro-developed 116 Hudson Street
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Crain's New York reports that Mets pitcher Noah Syndergaard is accused of not paying rent on a 3-bed Tribeca penthouse he signed to lease for $27K/month. The 'flamethrower' hammered out the deal in February, weeks before it was announced the 2020 MLB season would be postponed or canceled. The owner is seeking $250K in damages. See the listing in Robert De Niro-developed building here.
Getting married in New York City while practicing social distancing
With everyone cheering on from surrounding windows and terraces, what a great way to safely spread positivity. Congrats to the happy couple!
ODA Architecture's tectonic addition to West 14th Street and Sixth in Chelsea
Renderings of 101 West 14th Street by Binyan Studios for ODA Architecture
Smack in the center of 14th Street, Manhattan's longest east-west thoroughfare, this striking residential development has taken shape at the northwest corner of Sixth Avenue. When finished, sometime next year we're hoping, 101 West 14th Street will bring 44 condominium to the junction of Chelsea and Greenwich Village.
Gemini Rosemont is the developer and offering plan was submitted in December hinting sales are not too far off. The dynamic design is by Eran Chen's ODA Architecture, the same firm that was behind 15 Union Square West nearby, 100 Norfolk in the Lower East Side and 420 Kent, a trio of glassy rental towers on the Williamsburg waterfront. Twenty-three of the residences will be duplexes. Residential amenities will include a lounge, roof terrace, bike room, fitness centers, and laundry rooms. The project is on a bus-prioritized section of 14th Street and is in proximity to a myriad of subway lines.
Gemini Rosemont is the developer and offering plan was submitted in December hinting sales are not too far off. The dynamic design is by Eran Chen's ODA Architecture, the same firm that was behind 15 Union Square West nearby, 100 Norfolk in the Lower East Side and 420 Kent, a trio of glassy rental towers on the Williamsburg waterfront. Twenty-three of the residences will be duplexes. Residential amenities will include a lounge, roof terrace, bike room, fitness centers, and laundry rooms. The project is on a bus-prioritized section of 14th Street and is in proximity to a myriad of subway lines.
42-story condo-rental hybrid tower coming to 40th & Tenth Ave
40th & 10th at Hudson Yards (Rendering credit: Gotham Organization)
In 2015, Covenant House, a non-profit group that shelters and provides supportive services to children and young adults experiencing homelessness announced plans to redevelop their facility on West 41st Street. Partnering with the Gotham Organization, the plan includes a new residential community facility for the organization itself, as well as a separate mixed-income residential tower.
Construction began last year on the core community component - a nine-story structure with 60 supportive housing units and associated resident services. According to newly-released information from the Gotham Organization, the later phase will erect a 42-story condo/rental tower at the corner of 40th Street and Tenth Avenue. Similar to the current composition of Manhattan View at MIMA, the tower will comprise primarily of rental units with condo units filling out penthouse levels. A portion of units will be set aside for affordable housing, there will be 20,000 square feet of amenities, and retail on the ground floor. Handel Architects is the designer and a early rendering shows a street-level clad in red brick facade with traditional industrial accents. The building is set to be completed in 2024.
Construction began last year on the core community component - a nine-story structure with 60 supportive housing units and associated resident services. According to newly-released information from the Gotham Organization, the later phase will erect a 42-story condo/rental tower at the corner of 40th Street and Tenth Avenue. Similar to the current composition of Manhattan View at MIMA, the tower will comprise primarily of rental units with condo units filling out penthouse levels. A portion of units will be set aside for affordable housing, there will be 20,000 square feet of amenities, and retail on the ground floor. Handel Architects is the designer and a early rendering shows a street-level clad in red brick facade with traditional industrial accents. The building is set to be completed in 2024.
The new Covenant House building designed by FXCollaborative Architects
Elie Tahari buys stylish Nolita condo for $3.25M
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Like all of New York's designer boutiques, Elie Tahari's Fifth Avenue outpost is temporarily closed as part of the effort to flatten the curve. However, Mr. Tahari himself has indulged in a bit of shopping, having picked up a one-bedroom Nolita apartment at 211 Mulberry Street for $3.25 million for one of his two children. Mr. Tahari told the New York Post that his admiration for designer Roman and Williams attracted him to the building, and that he remains optimistic about New York real estate.
“I bought it because I still think [New York] real estate is a great investment and I have always loved Roman & Williams’ design." — Elie Tahari
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From the listing:
A bespoke condo nestled in the heart of NoLita, this 1-bedroom, 1.5-bathroom home is a portrait of city elegance and charm. Designed by award-winning Designer Architects Roman & Williams, features of this 1,148 sq. ft. apartment include gorgeous herringbone hardwood floors, large sash windows with south and eastern exposures, a thoughtful floorplan, chic fixtures and finishes, and a beautiful wood-burning fireplace.
Beyond a tasteful entry gallery adorned with a coat closet and a pristine powder room, the home flows through an open kitchen and dining space and into a formal living room. The living room possesses a wall of eastern-facing windows and the fireplace, while the kitchen sits opposite a windowed dining alcove and is equipped with custom cabinets, unique wood countertops, a pot filler faucet, and a suite of high-end fully-integrated appliances.
A bespoke condo nestled in the heart of NoLita, this 1-bedroom, 1.5-bathroom home is a portrait of city elegance and charm. Designed by award-winning Designer Architects Roman & Williams, features of this 1,148 sq. ft. apartment include gorgeous herringbone hardwood floors, large sash windows with south and eastern exposures, a thoughtful floorplan, chic fixtures and finishes, and a beautiful wood-burning fireplace.
Beyond a tasteful entry gallery adorned with a coat closet and a pristine powder room, the home flows through an open kitchen and dining space and into a formal living room. The living room possesses a wall of eastern-facing windows and the fireplace, while the kitchen sits opposite a windowed dining alcove and is equipped with custom cabinets, unique wood countertops, a pot filler faucet, and a suite of high-end fully-integrated appliances.
Two contracts above $4 million signed last week
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According to Olshan's market report, only two contracts for apartments priced $4 million and up were signed from May 11-17. For comparison, the same week in 2019 saw 29 contracts signed above $4 million, totaling over $291 million.
It is worth noting that both contracts took place in the new real estate landscape. The buyer of the top contract, #7/8 at 27 East 79th Street, never visited the condo in person and made the decision with the help of renderings, a detailed fact sheet, and an agent who could answer every little question. The buyer of the other apartment, #4 at 43 West 13th Street, started negotiating in late March, but found the process somewhat hobbled as the co-op board adapts to the new digital age.
It is worth noting that both contracts took place in the new real estate landscape. The buyer of the top contract, #7/8 at 27 East 79th Street, never visited the condo in person and made the decision with the help of renderings, a detailed fact sheet, and an agent who could answer every little question. The buyer of the other apartment, #4 at 43 West 13th Street, started negotiating in late March, but found the process somewhat hobbled as the co-op board adapts to the new digital age.
Landmarks approves Brooklyn Bridge Park expansion and Chrysler Building's new observation deck
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On Tuesday morning, the Landmarks Preservation Commission (“Landmarks”) approved plans to use a fenced-in lot under the Brooklyn Bridge to expand Brooklyn Bridge Park. This will connect the DUMBO and Brooklyn Heights sections of the park, allow for greater flow, improve waterfront views, and cut down on sidewalk congestion. Park officials plan to break ground in the fall and wrap up construction in December 2021.
When the Brooklyn Bridge Park Corporation announced plans for the expansion, it envisioned a “grand civic space” with seasonal markets, festivals, and educational events. It is unclear how this will come to pass in the time of COVID-19, but the news comes at a time when social distancing and creating more space is on all New Yorkers’ minds.
Shortly after this decision, Landmarks unanimously approved plans for the new observation deck at the Chrysler Building. It will take shape on the 61st story, right above the famed Art Deco eagles. A timeline has not yet been released for the opening.
When the Brooklyn Bridge Park Corporation announced plans for the expansion, it envisioned a “grand civic space” with seasonal markets, festivals, and educational events. It is unclear how this will come to pass in the time of COVID-19, but the news comes at a time when social distancing and creating more space is on all New Yorkers’ minds.
Shortly after this decision, Landmarks unanimously approved plans for the new observation deck at the Chrysler Building. It will take shape on the 61st story, right above the famed Art Deco eagles. A timeline has not yet been released for the opening.
Pier 55's Little Island gets planted
Another waterfront park is taking shape in Manhattan: A recent, socially distant walk along the West Side Highway showed that all the tulip-like pylons of Little Island are in place, and planting is in progress. Largely funded by the Diller-von Furstenberg Family Foundation, the park will be free to the public and bring the city 2.4 acres of new open space with approximately 100 species of trees and shrubs. A spring 2021 opening was originally estimated, but it remains to be seen how the pandemic will affect that timeline.
Featured Listing: Central Park penthouse made famous on film now renting for $39,500/month
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New York is home to many famous faces, but #PH16 in Southmoor House, a condop overlooking Central Park, has more screen credits than some of the city's celebrity residents. Among others, it has appeared in 30 Rock, Dreamgirls, Billions, The Deuce, Vinyl, Did You Hear About the Morgans?, Madoff, and President Obama's re-election campaign video. Offscreen, it has hosted several charity events, political events, and celebrity performances. The four-bedroom, four-bath home is currently on the market for $39,500/month, and more dream rentals can be found here.
From the listing:
This sprawling French Art-Deco penthouse home in a condo-like building boasts breathtaking, direct and full panoramic Central Park Views with almost 100 feet of park frontage from all major rooms. This one-of-a-kind 4,500-square-foot penthouse is newly renovated & restored as a luxury 1930's Ruhlmann-style mansion in the sky in a pre-war Art Deco Building. Upon entering the vestibule under the period piece onyx chandelier, the home opens to a large paneled foyer with semi-precious tiger's eye mosaic flooring which flows into an ultra-wide 37' living room on the park.
Adjacent to the living room is a large park-facing Anigre wood-paneled library featuring a fully outfitted wet-bar and the only wood-burning fireplace in the building housed by a limited Art Deco black and gold marble mantle and bar top. Directly off the library is a 23-ft long dining room with plastered coffered ceilings and seating for up to 20 people, a south-facing 50-square-foot garden terrace, and easy access to a large eat-in kitchen with an island, diner-style banquet, and top-of-the-line appliances.
From the listing:
This sprawling French Art-Deco penthouse home in a condo-like building boasts breathtaking, direct and full panoramic Central Park Views with almost 100 feet of park frontage from all major rooms. This one-of-a-kind 4,500-square-foot penthouse is newly renovated & restored as a luxury 1930's Ruhlmann-style mansion in the sky in a pre-war Art Deco Building. Upon entering the vestibule under the period piece onyx chandelier, the home opens to a large paneled foyer with semi-precious tiger's eye mosaic flooring which flows into an ultra-wide 37' living room on the park.
Adjacent to the living room is a large park-facing Anigre wood-paneled library featuring a fully outfitted wet-bar and the only wood-burning fireplace in the building housed by a limited Art Deco black and gold marble mantle and bar top. Directly off the library is a 23-ft long dining room with plastered coffered ceilings and seating for up to 20 people, a south-facing 50-square-foot garden terrace, and easy access to a large eat-in kitchen with an island, diner-style banquet, and top-of-the-line appliances.
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Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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