View from Yorkville Towers, #37K (Courtesy of: Engel & Volkers)
New York City is still weeks away from reopening, but the city is working hard to get ready for that as its numbers continue to fall. The city is actively hiring contact tracers and getting ready to put them to work, which will allow them to check one item off the to-do list. New York has launched a new interactive map of testing sites and expanded the criteria for who can and should get tested.
When the city does reopen, it will not quite be to the one we left behind. In the wake of an overcrowded weekend, Two Trees Management introduced “social distancing circles” at Domino Park, which allowed visitors to safely enjoy the sunshine. While it is too soon to say whether a proposed reservation system for the subway and bus will come to pass, we did see new markers on the floors of subway stations to help commuters stay six feet apart.
While all this is going on, New York seeks to strike a balance between normalcy and safety. The state’s horse tracks will be allowed to open for spectator-free races starting June 1, race car driving is set to return in a similar environment, and sports fans and officials alike are eagerly awaiting baseball’s opening day. Mumbles of outdoor dining programs on public sidewalks and city streets are getting louder every day, and a growing number of restaurants, from dive bars to the world’s fanciest, have embraced takeout and delivery options.
When the city does reopen, it will not quite be to the one we left behind. In the wake of an overcrowded weekend, Two Trees Management introduced “social distancing circles” at Domino Park, which allowed visitors to safely enjoy the sunshine. While it is too soon to say whether a proposed reservation system for the subway and bus will come to pass, we did see new markers on the floors of subway stations to help commuters stay six feet apart.
While all this is going on, New York seeks to strike a balance between normalcy and safety. The state’s horse tracks will be allowed to open for spectator-free races starting June 1, race car driving is set to return in a similar environment, and sports fans and officials alike are eagerly awaiting baseball’s opening day. Mumbles of outdoor dining programs on public sidewalks and city streets are getting louder every day, and a growing number of restaurants, from dive bars to the world’s fanciest, have embraced takeout and delivery options.
In this article:
Featured listing: The ideal breakfast setting as the city remains on pause.
201 East 62nd Street, #15A – $3,275,000
Upper East Side | Co-op | 3 Bed, 3.5 Bath
Upper East Side | Co-op | 3 Bed, 3.5 Bath
View from 201 East 62nd Street, #15A via Warburg Realty Partnership
This newly-listed 3-bedroom + home office has an expansive terrace stretching the full southern length of the 7-room home. Other notable features include a formal foyer, herringbone-patterned hardwood floors; an eat-in kitchen, and bedrooms with en-suite baths and terrace access. See the full listing here.
100+ years ago NYC forefathers (and mothers) said let there be good infrastructure. They gave us trolleys, subways, and...the Battery Maritime Building. And it was Good!
The Battery Maritime Building is one of the last buildings of more than a century on the New York City waterfront. Having gone up at a time when ferry travel was an integral part of getting around the city, the building deteriorated after Brooklyn’s ferry service was shut down in 1938. In 2009, the city in approved plans for a revival of the structure that would host a 61-key boutique hotel, a restaurant, and a 2,000-person event hall with Cipriani later chosen as the operator. Intended to become a premier downtown destination, a series of outdoor decks, terraces, and loggia would be found throughout the structure and a new plaza that would deck over a cut of the FDR Drive would be built out in front. Progress was impeded by a series of legal and financial setbacks, not to mention Superstorm Sandy and now COVID-19. Since 2016, the building has served as a ferry terminal for trips to Governors Island.
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Affordable housing lottery launches in Wiiliamsburg with 3 months free rent
Rendering credit: BEAM Architects
A somewhat affordable housing lottery has launched at 85 Rutledge Street in South Williamsburg offering three two-bedroom apartments for $2,600/month. The lottery process has taken a page from market-rate leasing managers, and the figure shown is 'net-effective rent' with three months free baked in. The prices are still a bargain, especially considering the building is new construction. There are currently 113 two-bedrooms for rent in Williamsburg priced at a median of $3,945.Find the application here.
The building is located at the junction of Clinton Hill, Bed-Stuy, Williamsburg, and the Brooklyn Navy Yard. While the M and J elevated train lines are a bit of a trek, several bus lines offer easy access to the subway and other parts of the borough. There is also the Brooklyn greenway bikepath and the dreaded Brooklyn-Queens expressway closeby.
The building's distinguished design is by BEAM Architects. It rises five floors and accommodates 10 units in all. The project is set to benefit from the 421a Tax Incentive program, hence the 3 middle-income housing units being provided by the developer. To apply online, visit Housing Connect (don't call us regarding affordable housing, we can't help you). nyc.gov/housingconnect. To request an application by mail, send a self-addressed envelope to: 85 Rutledge Street Apartments C/O Reside New York, 381 South 5th Street, Brooklyn, NY 11211.
The building's distinguished design is by BEAM Architects. It rises five floors and accommodates 10 units in all. The project is set to benefit from the 421a Tax Incentive program, hence the 3 middle-income housing units being provided by the developer. To apply online, visit Housing Connect (don't call us regarding affordable housing, we can't help you). nyc.gov/housingconnect. To request an application by mail, send a self-addressed envelope to: 85 Rutledge Street Apartments C/O Reside New York, 381 South 5th Street, Brooklyn, NY 11211.
Rendering vs. Reality. Does the Brooklyn Bridge come with these condos?
M Development
Gilded Green at 172 India Street
is a newly-built condo development with six one-bedrooms grounded by a two-bedroom duplex. Each residence has floor-to-ceiling glass windows, wide-plank white oak floors, kitchens with Pine Bianco cabinets, and a Bosch appliance package. The units have been on the market since 2018 and only one has been signed into contract. One-beds start at $635K. Buyer beware.
David Rockwell designs outdoor seating template for NYC's restuarants
Credit: Rockwell Group
NYC is exploring ways to allow restaurants to provide more outdoor dining spaces while complying with social distancing measures. In response, noted designer David Rockwell has created a template for outdoor dining that includes a varying amount of seating, sidewalk fencing, and planter benches. "We’ve tried to utilize designs and materials that can be adapted to reflect the diversity of streetscapes in the city," says Rockwell. Read the full Bloomberg story here.
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Unfinalized designs released for 250 Water Street and the New Market building in South Street Seaport
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Before the city's gathering spaces shut down as part of the effort to flatten the curve, Lower Manhattan's South Street Seaport was in the midst of a transition from a mall-like tourist trap to a new waterfront with high-end dining and entertaining. Part of that plan included a new mixed-use, mixed-income building to rise at 250 Water Street. Renderings were released at the beginning of May; however, the companies at the helm of the redesign, Howard Hughes Corporation and Skidmore, Owings & Merrill, have come forward to say that the images are outdated. They also say that due to development components, a final height cannot yet be revealed. As a result, the team has come up with four potential tower layouts.
What we do know about the project is that the new building will rise on a former parking lot and encompass the full block. The base of the building will match the historic aesthetic of the Seaport, and the tower on top will be similar in style to other supertalls in Lower Manhattan.
What we do know about the project is that the new building will rise on a former parking lot and encompass the full block. The base of the building will match the historic aesthetic of the Seaport, and the tower on top will be similar in style to other supertalls in Lower Manhattan.
Immediate occupancy at 631 East 18th Street; Ditmas Park condo with 15-year tax abatement
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At 631 East 18th Street, a new condominium in the Ditmas Park section of Brooklyn, closings have commenced at an average price of $944 per square foot. The figures come from 12 of the 26 units, most of which came in roughly at the listing price, and remaining availabilities start at $491K for one-bedrooms and $691K for two-bedrooms.
All residences feature high ceilings, oversized tilt and turn windows, private outdoor space, video intercoms, and custom Italian kitchens with modern quartz countertops and stainless steel appliances. A 15-year tax abatement is anticipated, and residential amenities include a bike room, laundry room, and roof deck overlooking Ditmas Park. The building is well situated near restaurants, supermarkets, and the Newkirk Avenue B/Q subway stop.
All residences feature high ceilings, oversized tilt and turn windows, private outdoor space, video intercoms, and custom Italian kitchens with modern quartz countertops and stainless steel appliances. A 15-year tax abatement is anticipated, and residential amenities include a bike room, laundry room, and roof deck overlooking Ditmas Park. The building is well situated near restaurants, supermarkets, and the Newkirk Avenue B/Q subway stop.
As a follow-up to ML House, Skyline Developers planning amenity-rich rental in the Plaza District
(l-r) Early rendering via Skyline Development; photo via CityRealty
With ML House, Skyline Development brought a rare rental offering to Bryant Park. For its next act, the developer turns its attention to the Plaza District with 10 West 55th Street, just south of Billionaires' Row. Renderings show a glassy tower looming over the MoMA's Sculpture Garden, but it is highly unlikely that this is the final design.
Permits filed by Morris Adjmi Architects call for a 24-story, 96-unit building with over 128,000 square feet of retail space at the base ("future home of upscale," as the site's signage puts it). An extensive amenities list includes storage space, a bike room, laundry room, pet grooming station, mail and package rooms, fitness center with squash court and group fitness room, children's playroom, lounges, and a golf simulator. There will be no more than six units per floor starting on the third floor, and only one unit per floor from the 22nd on up.
Permits filed by Morris Adjmi Architects call for a 24-story, 96-unit building with over 128,000 square feet of retail space at the base ("future home of upscale," as the site's signage puts it). An extensive amenities list includes storage space, a bike room, laundry room, pet grooming station, mail and package rooms, fitness center with squash court and group fitness room, children's playroom, lounges, and a golf simulator. There will be no more than six units per floor starting on the third floor, and only one unit per floor from the 22nd on up.
Featured Listing: Beautifully renovated pre-war Gramercy condo for $5M
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From the listing:
Situated perfectly at 260 Park Avenue South and soaring above Gramercy's most desired block, this oversized 2-bed, 2.5-bath property has been redefined to the most exacting standards. The home boasts a living room that spans just over 30 feet, as well as deep-set windows that provide superb views and light, which frame the entire corner of Park Avenue South and 21st Street.
The home's great room offers fantastic ceiling heights, which are complimented by the apartment's gleaming, walnut-stained oak floors. The large windowed-kitchen was completely redesigned to include white washed tile with sleek marble stone, a state-of-the-art vented-out Miele gas range, Gaggenau refrigeration, and a Gaggenau dishwasher. Each room is exquisitely appointed, including the oversized master suite complete with a spa-level finish master bathroom and his and hers walk-in dressing areas.See floor plan and full details here.
Situated perfectly at 260 Park Avenue South and soaring above Gramercy's most desired block, this oversized 2-bed, 2.5-bath property has been redefined to the most exacting standards. The home boasts a living room that spans just over 30 feet, as well as deep-set windows that provide superb views and light, which frame the entire corner of Park Avenue South and 21st Street.
The home's great room offers fantastic ceiling heights, which are complimented by the apartment's gleaming, walnut-stained oak floors. The large windowed-kitchen was completely redesigned to include white washed tile with sleek marble stone, a state-of-the-art vented-out Miele gas range, Gaggenau refrigeration, and a Gaggenau dishwasher. Each room is exquisitely appointed, including the oversized master suite complete with a spa-level finish master bathroom and his and hers walk-in dressing areas.See floor plan and full details here.
Ten blocks north of Jeff Bezos' $96M of condos, work begins at Amazon's NYC headquarters at 424 Fifth Avenue
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Some of us have coped with the lockdown by indulging in online retail therapy; but just before the city went on PAUSE, the New York Post reported that e-tail giant Amazon bought the former Lord & Taylor flagship store at 424 Fifth Avenue for $1.15 billion in cash. The New York City landmark found itself back on the market after WeWork's plans for the site fell apart. Indeed, much of the deal consists of Amazon paying off construction loans taken out for WeWork's lavish renovation.
The former department store is about ten blocks north of 212 Fifth Avenue, the NoMad office-turned-condominium where Amazon CEO Jeff Bezos purchased the penthouse and two units directly underneath for $80 million, the largest deal ever to close south of 42nd Street. With another purchase this spring, 6sqft notes that he now owns $96 million worth of real estate in the building.
The former department store is about ten blocks north of 212 Fifth Avenue, the NoMad office-turned-condominium where Amazon CEO Jeff Bezos purchased the penthouse and two units directly underneath for $80 million, the largest deal ever to close south of 42nd Street. With another purchase this spring, 6sqft notes that he now owns $96 million worth of real estate in the building.
424 Fifth Avenue circa spring 2020 via CityRealty
The Spiral near Hudson Yards making a presence
May 2020 (CityRealty)
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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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