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Charming Chelsea Co-op

CurbedNovember 14, 2016

Welcome back to The Six Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline.

 

We’ll address the cons of this cozy little Chelsea co-op first: It’s a rather narrow apartment, with a bedroom that measures just under eight feet at its widest point. That’s not awesome. The kitchen’s a bit loud (what’s with all the red cabinetry?), and it’s asking $700,000, which is quite a bit for a small-ish one-bedroom.

 

Now, with that out of the way, here are the pros: It’s located on a rather perfect block (21st Street between Ninth and Tenth Avenues), in one of those lovely, old Chelsea townhouses. The kitchen has new appliances, and there’s plenty of storage space. It has charming features like exposed brick and a fireplace (decorative, but still). And there’s access to a little roof deck, which will be pretty nice in about five or six months.

Montrose Morris-Designed Buidling Asks $6.25 Million

BrownstonerNovember 14, 2016

Here’s an opportunity to own a circa 1890 building designed by Montrose Morris, the lauded architect whose Queen Anne and Romanesque Revival buildings are among the jewels of brownstone Brooklyn. This one’s located at 109 South 9th Street and is a Queen Anne, freestanding, 24-foot-wide four-story brick building with 8,300 square feet of space.

 

Suzanne Spellen wrote it up as a building of the day a couple years ago, noting that the structure features “many of the stylistic elements that define [Morris’] early work.” These include the building’s use of brick over a stone base, its use of large windows highlighted by trim, its mix of rectangular and arched windows, its use of colonnettes and decorative terra cotta, and its oversized, bracketed cornice.

 

There’s a floor plan, showing eight units within, with two on most floors, and one in the rear of the windowed basement. The whole place needs to be gutted, though, according to the listing, so we’re looking at a blank slate, pretty much.

The building may have originally consisted of four floor-through apartments. Presumably it will be delivered empty, although the listing doesn’t specify.

 

The one unit pictured in the photos — the topmost — is quite fetching, with its high ceilings, wide-plank floors, exposed brick and wood accents. Elsewhere “many original details remain,” according to the listing, from Core broker Patrick Lilly.

 

The property is zoned for both residential and commercial uses, so there are a range of possibilities here.

 

The building’s asking $6.25 million, appreciably more than the $15,000 cost estimated in February 1887, when the building was in the planning stages. What would you do with the place?

"Great Rooms" To Gather

Brick UndergroundNovember 11, 2016

Once upon a time, we prepared meals in the kitchen, served them in the dining room, and then retired to the living room for some after-dinner socializing. These days, all of those activities tend to take place in one single central location, which is why homes with, over-sized, centralized, multi-use spaces are so desirable.

 

132 West 22nd Street, 8FL and 132 Perry Street, 8FL are featured for having beautiful, large living spaces. 

 

Penthouse with Turkish Marble

ObserverNovember 10, 2016

“Everything is perfect,” CORE broker Cartwright Lee declared, opening the door to an apartment on the 32nd floor of 20 Pine.

 

His words exaggerated just a smidge, but the impeccable white-and-beige, marble-bedecked interiors are quite striking, and even the placement of a black cat perched upon a white sofa looks intentional.

 

The sellers moved in to the 1,832-square-foot condo (one of two on the floor) in 2013, after completing a two-year gut renovation that included moving the kitchen and tearing out the ceilings to add to their nearly 10-foot height.

 

“He [the seller] went to Turkey to pick out the marble himself,” said Lee, who shares the $4.2 million listing with Heather McDonough and Henry Hershkowitz, as he gestured to the material underfoot. Apparently, the seller was so taken with Metamar, the quarry in southern Turkey, that he used its marble throughout the home, including around the gas fireplace in the great room.

 

With the exception of stainless steel Miele appliances, the open kitchen is, of course, all white, from the Corian countertops to the matte lacquer cabinetry. (Never fear, though: More marble can be found throughout a full bath.)

 

A pocket door opens to the master suite, where a walk-in closet’s full-length mirror has “two settings—you can do either daytime light or nighttime light,” Lee told us. There are five additional closets in the master—custom built for the likes of suitcases and shoes.

 

The pièce de résistance, however, is within the master bathroom. “Wait till you see the tub,” Lee said, and indeed, as nice as the custom mirrored vanity, marble trough sink and rain shower are, the bathtub, “built from a single piece of marble, from the same quarry,” does stand out. “I think it’s one of the best bathtubs in the city,” he added.

 

“The design is so special,” Lee opined, walking over to the spotless couch to pet the still perfectly positioned cat—it shrank away. Apparently, like other components of the apartment, the feline prefers not to be disturbed. “It’s like a prop,” he laughed.

LLNYC’s Look at Listings

Luxury Listings NYCNovember 10, 2016

At 464 Greenwich Street, you'll find a townhouse with a $27.5 million price tag and an unusual façade. The Tribeca townhouse was built in 1892 by the builder Hugh Getty for Samuel Crooks, a wholesale coffee and tea merchant, who used the building as a roasting plant and its signage remains above the entrance.

 

The current owner is J. Crew CEO Mickey Drexler, who bought the place in 2008 for $5.5 million. He commissioned the French architect Thierry Despont to redesign the residence into something less like a coffee warehouse (we would imagine) and more like a single-family home.

 

These days, the 9,000-square-foot spread comes with five bedrooms, five bathrooms, two half-bathrooms, a custom eat-in kitchen, a rooftop terrace, a gym, a sauna and commercial-sized elevator.

 

Drexler recently chopped almost $2.5 million from the asking price. Hopefully he'll have more luck selling this pad than his other Tribeca home at 140 Franklin Street, which has seen over $10 million chopped from its asking price since it was listed last year.

 

Fun/depressing fact, in 2002 the building was bought for the grand total of $365,000.

 

Jim St Andre and Shaun Osher of CORE have the listing.

 

Unit Details:

Bedrooms 5

Bathrooms 5

Rooms 10

Built 1892

Property Type Townhouse

Size 9,000 ft²

Price Per ft² $3,055

 

Open House Near the High Line

Brick UndergroundNovember 04, 2016

Documentary fans and critics alike have been wowed by HBO's new movie about a changing block in west Chelsea, Class Divide, and how the High Line both connects and divides residents from very different socioeconomic backgrounds, and whose struggles may arise from different sources but are ultimately alike in some ways. (Check out our extensive interview with the doc's director.)

 

If you're a newcomer, or a neighborhood local who rents and is ready to buy, there are plenty of properties near the High Line throwing open their doors this weekend to apartment-hunting visitors. Have a look:

 

400 West 23rd Street, Apartment 4L. This one-bedroom, one-bath was once a two-bedroom, and be converted back again. High ceilings add volume to the rooms; a renovated kitchen that opens onto the entertaining space. Asking price: $925,000. Open house: Sunday, November 6, 2:30 pm to 4 pm.

 

Fall Foliage Report

Brick UndergroundNovember 04, 2016

There’s no better place to take in the season’s best color than via this 1,500-plus-square-foot two-bedroom, two-bath rental at 106 Central Park South (yours for $15,000/month).

High-Tech Townhouse

CurbedNovember 04, 2016

The brokerbabble for this "stunning renovation" in the Upper East Side’s Treadwell Farm Historic District promises a "West Coast aesthetic with high-tech conveniences." It's a pretty apt description for this sleek four-story townhouse. It may be historic on the outside, but inside, the $9.4 million home is overwhelmingly contemporary, but for occasional exposed brick and some well-placed warm wood.

 

The open concept first floor has a slick living room, an all-white cook’s kitchen, and a glassy dining area, while the downstairs garden floor offers the equally crisp, all-white media room. (Both levels have floor-to-ceiling windows looking out on an irrigated garden, which appears to be so well groomed as to be basically unrecognizable as part of the natural world.) Elsewhere, there's a pair of large bedrooms, both with en-suite baths; a den with a kitchenette; a solarium; and a master suite with a massive, wifi-controlled (!) steam shower, an architectural soaking tub, and an integrated sound system. There is also a private rooftop terrace.

 

In fact, pretty much all systems in the home can be operated remotely: in addition to the steam shower, the lighting, the heating, security, video, entertainment, and audio can all be controlled from afar.

The SoulCycle Effect

ObserverNovember 02, 2016

When Roxanne Adamiyatt went looking for a new apartment, she had a few must-haves in mind, beyond mundane concerns like layout and washer-dryer access. Chief among them was her fitness routine. “I’m not a person who does well working out on my own. I need a class to motivate me,” admitted Adamiyatt, an editor at InStyle. “I was also incredibly spoiled moving from the Upper West Side, where I lived but a few blocks from the SoulCycle I took classes at a few times a week. Once you get used to that, it’s hard to give it up.”

 

Fortunately, Adamiyatt found a building in close proximity to her fitness favorites. “Naturally, when I realized that there was a SoulCycle location two blocks from where I was considering a new apartment, that pretty much sealed the deal for me,” she said.

 

Real estate insiders have caught on to the fitness lifestyle trend, and how much it matters to buyers and renters as they evaluate neighborhoods and properties.

 

“People’s approach to wellness is very personal,” Anna Zarro, the director of residential sales and leasing for Extell, told the Observer. “People are wearing athleisure—I think the focus on fitness has really taken over.” At Extell’s 70 Charlton, “we tend to see people with a more active lifestyle,” Zarro said. “Physique 57 recently opened up nearby,” she said. “And the Dogpound, a boutique boxing and training studio.”

 

At the same time, developers acknowledge that a few treadmills and ellipticals in the basement simply won’t qualify as an onsite gym.

 

We’re pretty emphatic that we have to have gyms in our buildings—it’s a requisite for us,” Related Companies executive vice president Bryan Cho told the Observer.

 

Equinox is a subsidiary of Related Companies, and the partnership means a number of Related properties are located adjacent to the luxury gym—an amenity appreciated by a number of its residents, like Leslie Zuckerwise, who moved into Related’s rental the Easton, at 205 East 92nd Street, with her husband this August.

 

“When looking for an apartment, there were a couple of deal-breakers for us, and one of them was that a gym needed to be in the building, or really close by,” Zuckerwise told the Observer. “Both of us work incredibly hard, and finding gym time isn’t easy. Having the gym close and accessible was pretty important to us.”

 

Enter the Easton, where the lavishly outfitted Equinox is reachable both from the street entrance as well as through the building itself.

 

“I knew I wanted somewhere that was aesthetically appealing,” she said, “I don’t always like working out. I’m tired, because it’s usually early in the morning or late in the day, so you want a place that you look forward to going to. It’s pretty, it’s clean, the people are nice and the music is great—it’s upbeat!” she said happily. “Once I drag myself in there, I’m like, ‘This will be O.K.! It’ll be a nice experience.’ ”

 

Stribling broker Alexa Lambert echoed Related’s Cho about the primacy of onsite workout facilities. “Amenities have caught up with finishes,” she told the Observer. “You can’t just have a gym, and you can’t get away with doing it cheap.”

 

Lambert worked with the Naftali Group designing condo buildings at 210 West 77th Street, 221 West 77th Street and the Shephard, at 275 West 10th Street. “We spend time with architects talking about if gyms should be wood-paneled, how the lighting should be and we meet with equipment experts. We want these places to be used,” she said, “and be beautiful, and reflect the building and help sell the building.”

 

Gone—or at least going—are the days of the neglected, poorly lit gym. “People are using amenities much more than they used to because amenities are much nicer than they used to be,” Lambert stated. At the Shephard, “Our gym has this dark herringbone wood up the wall,” she said. “It’s cozy, it’s stunning and it’s gorgeous.”

 

Still, Lambert notes that developers need to be attuned to the neighborhood, and how it impacts the way potential residents view fitness amenities. In the West Village, for example, people simply like to be out. “At the Shephard, the pull is what is right outside the front door. The West Village has so much—it’s one of the best neighborhoods in the city to have access to, with these cool, sporty activities and shopping and restaurants—amenities are just icing on the cake.”

 

Such was the case for Natalie Jackson, a West Village resident who grew up in New York and is now a broker at Douglas Elliman. She spent her college years on the West Coast, and “picked up boxing in L.A., which is my main form of exercise,” she said.

Proximity To Fitness

New York ObserverNovember 02, 2016

Tim Crowley was featured in the New York Observer describing why the new development team at CORE decided to design 42 Crosby without a gym. He stated, "We have found that if you provide a small gym, in a small building, in a great location, no one will use it." 

 

15 Renwick and 42 Crosby were both mentioned for being in close proximity to trendy pop-up fitness studios.

Evolving East Houston Street

The New York TimesOctober 30, 2016

CORE broker Henry Hershkowitz was quoted in The New York Times offering his thoughts on the latest residential projects and developments happening on East Houston Street.

Hello East Houston Street

The New York TimesOctober 28, 2016

For decades, East Houston Street was more a place to cross — and quickly, to avoid speeding cars — than a destination. Residential developers, too, seemed to shun it, wary of its commercial character and odd-shaped scraps of lots.

 

That was then. In the last few years, a spate of rental and condominium projects have appeared up and down the once-ignored street, which runs for about two dozen blocks between Broadway and the East River, and divides the Lower East Side and the East Village.

 

“It’s not something I would have ever envisioned happening,” said Henry Hershkowitz, an associate broker with Core who went to school at nearby New York University in the late 1980s and lives in the East Village today. “I just always thought of it as just a thoroughfare.”

 

The latest major project to be unveiled is 287 East Houston Street, an 11-story, 28-unit condominium planned for a site near Clinton Street that is being jointly developed by Hogg Holdings and Vinci Partners USA, a firm with a Brazilian parent company that is undertaking its first American project. The developers bought the building site, a narrow midblock lot, in November 2014 for $15.2 million.

 

With a brick-and-steel facade the color of coal, an increasingly popular hue for new apartment buildings, 287 East Houston offers one- to three-bedroom apartments, including a pair of maisonettes with private outdoor space.

 

Like the neighborhood, the interior finishes of the building, which broke ground this month, have evolved and become more luxurious over time.

 

All appliances will be from Miele, a higher-end brand, he said.

 

Likewise, the master baths will have marble slabs or tiles on every surface but the ceiling. Originally, Mr. Grabowsky said, the stone was to be deployed much less extensively.

 

Other features of the apartments include floor-to-ceiling windows, in a building that will stand above most of the surrounding blocks, courtesy of a 2008 rezoning that allowed taller structures on major streets and avenues.

 

Prices at the project average about $2,100 a square foot, starting at $1.15 million for a one-bedroom. Corcoran Group Marketing is handling sales, which began last month with the opening of a sales office on nearby Essex Street.

 

Widened a few times in the mid-20th century to allow for easier driving, East Houston was once dotted with gas stations, parking areas and weedy lots.

 

Over the last decade, the look and feel of the street have changed, as a long-running and still-unfinished city project to improve the streetscape reclaimed some car lanes for pedestrians, while adding median strips with plantings.

 

At the same time, residences have been replacing businesses. For its part, 287 East Houston will rise on a site where a commercial building once stood.

 

“We decided that the market was responding to a better product,” said Jose Antonio Grabowsky, who is in charge of real estate investments in the United States for Vinci.

 

Similarly, a Mobil gas station at Avenue C on a trapezoidal plot at 350 East Houston has been razed to make way for a 10-story, 46-unit apartment building with 5,000 square feet of retail space to open in late 2017, according to Ivan Hakimian, the president of HPNY, which is developing the site with BLDG Management.

 

“I thought the area was going to change,” said Mr. Hakimian, whose partnership has controlled the site since 2012. “But I didn’t think it was going to change that fast.”

 

Of the dozen or so market-rate residential projects that have opened on or near the street in the last few years, or plan to open soon, are Jones L.E.S., a rental at No. 331, at Ridge Street; the Adele, a rental at 310 East Second Street, at Avenue D; and 215 Chrystie Street, a condominium atop a hotel.

 

There’s also 196 Orchard, a 94-unit development that began sales on Sept. 22. Prices there average $2,400 a square foot, said Ben H. Shaoul, the president of the Magnum Real Estate Group, which is developing it with the Real Estate Equities Corporation.

 

To construct the condominium, which is expected to open in 2018, the developers demolished a long row of restaurants on the block, which is also bounded by Ludlow Street. The condo will give back some retail space; 196 Orchard will offer an Equinox gym, and possibly a pharmacy or a bank, Mr. Shaoul said. But it’s clear the vibe will be different.

 

“It’s evolving into more of a luxury neighborhood from a grungy neighborhood,” Mr. Shaoul said. “But it’s still a very cool, very hip spot.”

 

A Beginner’s Guide to Buying Rental Property

Realtor.comOctober 28, 2016

If you’re lucky enough to own one home and have cash to spare, you may consider buying rental property. After all, collecting rent from tenants every month can be a nice way to pad your pocketbook and dip a toe into the world of real estate investment. But as the saying goes, with great reward comes great risk. Here’s everything you need to know about the process before starting your search.

 

Research the rental property market

 

Before purchasing a rental, do a deep dive of research into the market where you’d like to buy (realtor.com® can help point you to all kinds of properties). First-timers should probably start with their own area of residence, suggests real estate trainer Dean Graziosi.

 

You should know the major employers, what drives people to move there, and the economic outlook for at least the foreseeable future, he notes.

 

You should also watch out for your own financial future. Maybe you can justify stretching your budget for your primary home, but when you’re looking at investment property, every cent matters. Don’t dig into your savings just because you like the backyard—now is not the time to let flights of fancy take hold. Remember, this is a money-making venture, not a place you will live yourself, so your own personal preferences should take a back seat to what makes good ol’ dollars and cents.

 

Figure out your cash flow and costs

 

Working out the cash flow of a rental property isn’t just a simple equation of rent > mortgage. You also need to consider the other operating expenses, like HOA fees, taxes, repairs, and property management fees. Will you be paying for utilities, or will that be the tenant’s responsibility? Keep in mind your new rental property may not be occupied 100% of the time—and that needs to be factored into your business plan, too.

 

This is called determining the capitalization rate (or “cap rate” for short), which “estimates the net stabilized return on an investment, in comparison to projected income from alternative investments,” says Alex Cohen, a commercial specialist with CORE in New York City. Translation: This can help you decide between good, great, and terrible deals.

 

Find financing for your rental property

 

Most banks require at least 20% down for an investment property, especially if you own multiple rentals. Even if you’re able to buy with a lower down payment, think long and hard before purchasing a rental property without much money down. With so many variables in play, from potentially unreliable tenants to a broken dishwasher needing immediate repair, you need a strong financial base before investing. (You can find out how much house you can afford with the realtor.com mortgage calculator.)

 

However, there is a mortgage bonus when purchasing a rental: Your bank may consider the potential income stream from this property when determining how much you can borrow. This can allow you to purchase a larger or nicer home, since the odds are good that your rental revenue will help you foot the bill.

 

Managing the rental property

 

Once you’ve purchased your rental property, you’re ready for tenants! Next, do you want to be a landlord or hire someone to manage your investment? Newbie investment owners should consider a property manager, who will handle all the annoying nitty-gritty details of owning a rental property. For a fee, a third party will draw up leases, collect rent, deal with maintenance issues, and take over the nasty parts—like evictions.

 

Before choosing a property management company, be sure to do your research. Get (and contact) references. An excellent manager makes owning rental property a breeze, but with a bad egg, it could be a nightmare, turning your rental property into a terrible investment.

Charming SoHo Co-op

CurbedOctober 27, 2016

Welcome back to The Six Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline.

 

The brokerbabble promises this West Soho co-op is “the embodiment of downtown charm and character,” and honestly, that appears to be a rather apt description. The place is loaded with pre-war details—hardwood floors, exposed brick (so much exposed brick), and an enormous arched window in the bedroom. There’s also a relative abundance of closets, which is to say that there are two (one walk-in.)

 

Listed at $625,000, the apartment is not what one would call palatial. The kitchen is adorable, but tiny—so tiny that it’s currently equipped with what looks to be a mini-fridge (the listing, for what it’s worth, makes no mention of appliances at all). The bathroom isn’t pictured either, but the floor plan suggests it does indeed exist.

 

Maintenance for the place is $833 a month, and the building is friendly to both pets and pied-à-terres.

Space Race

New York PostOctober 27, 2016

As residential buildings continue to replace parking lots and garages around New York City, finding permanent space for your car has never been harder.

 

But drivers looking to buy their own space now have a reason for hope.

 

The Parking Club, a renovated 130-space parking garage at 185-187 Pacific St. in Cobble Hill, has just launched sales with pricing from $185,000 per spot, The Post can reveal.

 

It’s not the city’s first parking garage “condo” — defined as a garage whose spaces sell as deeded condominiums — but it’s the first to pair those spaces with Beverly Hills-style valet service for buyers.

 

Thanks to a partnership with parking and valet app Luxe, space owners get pick-ups and drop-offs anywhere in the company’s Manhattan and Brooklyn service areas. In Manhattan, coverage runs up to 125th Street and, in Brooklyn, across a swath that includes Park Slope, Brooklyn Heights, Cobble Hill and Boerum Hill.

 

Valet service also includes gas fills, car washes, monthly maintenance and yearly registration inspections. Should owners want to pick up their rides themselves, the 20,000-square-foot facility also sports a lounge with newspapers and coffee, where they can wait until their wheels are delivered.

 

“As parking continues to disappear, I think it’s an opportunity for developers going forward to build parking developments,” says Jamie Anthony of Lonicera Partners, which developed The Parking Club. “Demand is going to continue to go up … it’s going to become more of a valuable commodity.”

 

It sounds profitable for developers, and buyers get quite a deal themselves. Just like a condominium apartment, space owners pay common charges ($140 per month) and taxes ($200-$230 per quarter). Most of all, a number of new residential developments, like 565 Broome Soho and 42 Crosby, include parking in their plans, but they’re reserved for homebuyers. At the latter, spaces cost a cool $1 million apiece, so The Parking Club’s costs come at a much greater value for folks unwilling (or unable) to shell out for seven-figure parking spots.

 

Sales are being handled by Compass.

 

NYC Exclusive Club

CurbedOctober 27, 2016

Clubs and rich people are like peas in a pod (see the Knickerbocker Club; Gramercy Park, in so far as you have to own a surrounding property to gain access (or do you?); and Soho House.) Now there’s some good news for the folks out there thinking that there aren’t enough clubs of this variety. There is now a club dedicated to the crappiest of tasks: parking in New York City.

 

The Parking Club, based out of a Cobble Hill garage at 185 Pacific Street, isn’t a place where weary drivers come together to empathize with each other over the routine and soul-draining task of spot-hunting. Actually, members don’t even have to set foot in this club. Membership for The Parking Club, which starts at $185,000 for a spot, includes on-demand service where valets materialize to deliver or whisk a car away. The garage’s developers, Lonicera Partners, have partnered with parking app Luxe to provide the valet service.

 

The spaces in the garage sell as deeded condos—and, reminder, are as big as some condos—meaning that buyers own the spots in perpetuity. Belonging to this club has its perks; the Post notes that the valet service also includes fill-ups, charging for electric cars, car washes, monthly car maintenance, and yearly inspections.

 

Valet service is available within Luxe’s Manhattan and Brooklyn areas of service. In Manhattan, that’s up to 125th Street and in Brooklyn it includes Cobble and Boerum hills, Park Slope, and Brooklyn Heights. The facility also includes a lounge with coffee and papers where folks can wait for their wheels.

 

While the parking spot is expensive, it’s pocket change compared to the cost of a spot at Annabelle Selldorf’s 42 Crosby Street, where the building’s 10 underground parking spaces go for $1 million a pop.

Tom and Giesele are Moving

New York PostOctober 26, 2016

When supermodel Gisele Bündchen and Patriots quarterback Tom Brady move into their new $20 million digs at the Robert A.M. Stern-designed 70 Vestry, they’ll be towing along two chic children and three A-list pooches.

 

Fortunately the brood — including kids Vivian Lake (3) and Benjamin (6), plus Lua (their pitbull mix), Scooby (their beagle) and Fluffy (their recently rescued puppy) — will have 5,000 square feet and five bedrooms to roam in the posh Tribeca pad.

 

If the moving stress is too much for the furballs, they can check into the building’s Dog City pet spa, whose services include day care, grooming and boarding.

 

The family’s former home — a sprawling apartment in One Madison that they bought for $14 million in 2013 — is now on the market (through Core’s Jim St. André and Stephanie McDonough) for $17.25 million.

 

That 3,310-square-foot unit has four bedrooms and three-and-a-half bathrooms — no word on the number of doggie doors.

Simple and Sweet

6sqftOctober 21, 2016

It’s hard to find any complaints about this uncomplicated one-bedroom co-op at 57 Thompson Street asking $625,000. The coveted Downtown location east of 6th Avenue where Soho meets Tribeca is prime. While cozy, it’s not a studio; there are decent-sized rooms, generous closets and even an entry foyer. Pre-war charm is present and accounted for, and windows and paint keep it bright and cheerful.

 

6sqft previously featured a unit on the same floor, a tad bigger and a bit more renovated, but asking almost $100,000 more. Like its neighbor, this unit features that big arched window, high ceilings and hardwood floors throughout. If your budget’s bigger and you’re looking for a nice-sized dream pad, buy ’em both and combine.

 

When to Subtract a Home Addition

The Wall Street JournalOctober 21, 2016

Jim St. André was featured in The Wall Street Journal providing advice on less-is-more home renovations.

Buildings with Green Space

Brick UndergroundOctober 21, 2016

If there’s one thing most New York City homes lack, it’s a backyard—unless of course you should be lucky enough to live in a townhouse or penthouse with a massive terrace. But even if you don’t, a somewhat private green space can be yours if you know where to look. Here, six homes with their own gardens and courtyards that rival some of the best private plots of land in the city.

 

Besides its own private terrace, this one-bedroom penthouse apartment at 505 West 47th Street (offered at $2.15 million) also allows for use of the building’s zen backyard retreat, complete with pavers, wooden decking, landscaping with specimen trees, and shrubs and multiple lounge areas.

Subtract a Home Addition

The Wall Street JournalOctober 20, 2016

Real estate agent Jim St. André with CORE, who wasn't involved in the sale of Mr. Hirsh’s home, says reductions that sacrifice floor space for light and volume are reviving the market for brownstones, which sometimes lack natural light. “It was a groundbreaking moment for people who hadn’t considered townhouses before,” he said. One of the most expensive sales in the neighborhood, an $18.96 million townhouse sale in 2012, sold after a similar reconfiguration, he said.

Stairs with Flare

MetroOctober 19, 2016

Michael Rubin and Cameron Culver's listing at 228 West 21st Street, 8 and Shaun Osher and Emily Beare's listing at 27 Harrison Street were featured in Metro for their unique staircases.

Move On Up

MetroOctober 19, 2016

New Yorkers normally hear the word stairs and think walk-up.

 

There’s a reason that five-floor walk-ups are cheaper — between groceries, strollers and just being tired at the end of the workday — most city dwellers would prefer to live in an elevator building and join a gym for their daily exercise.

 

But in these three NYC homes, the stairs could actually draw in buyers.

 

228 W. 21st St., 8

$2,495,000

 

The staircase in this Chelsea duplex leads to a third en-suite bedroom with a large walk-in closet and access to front and back terraces. But it’s the actual stairs that may get buyers’ attention. The contemporary spiral staircase is currently painted red on the outside with black stairs that are a bright contrast to the downstairs' white walls and Eastern White Pine floors.

 

27 Harrison St.

$7,995,000

 

This Tribeca townhouse offers four levels in 3,700 square feet, plus a large private garden. The three-bedroom, three-bath house has a modern feel that is apparent right away in its open plan kitchen and living room. But the custom staircase anchors this contemporary feel with its design that matches the kitchen's light wood and stainless steel details.

 

Sunny Alcove Studio

CurbedOctober 17, 2016

Before condos occupied the building at 120 East 87th Street, a Gimbels Department Store, the once-popular department store (and Macy’s rival) stood in place, nearly two decades ago. Now, on the building’s 16th floor lies a sunny and fairly spacious studio that’s asking $700,000.

 

The condo is complete with 14-foot ceilings, oversized windows, built-in shelving, a sunken living room, and a separate sleeping space—allowing it to feel more like a one-bedroom . Though small, the galley kitchen offers full-sized (but dated appliances) and two closets within the expansive bathroom as well as overhead storage space in the sleep alcove offer plenty of places to keep all your essentials.

 

Aside from the apartment itself, the location isn’t too bad either. Central Park is just two blocks away, as is many stores and subway stations. Common charges are $619 per month—not terrible.

New Crop of Condos

Brick UndergroundOctober 13, 2016

There’s no shortage of inventory in this development-hungry city. And as these newest additions to the real estate stockpile prove: Developers are eager to offer something for everyone in the amenity department. Health takes center stage, of course, with virtually all buildings offering fitness facilities, but some still take the cake with such over-the-top features as golf simulators and private saltwater pools.

 

42 Crosby

 

A seven-story building with ten units comprised of nine three-bedroom apartments and one five-bedroom penthouse. The building will have on-site private parking with a car elevator and electric car charging port, private storage rooms, electronic key-card security system, porte-cochere, cold storage, and a package room.


Address: 42 Crosby Street


Sales: Launching now, with occupancy slated for January 2017


Pricing: Starts at $8.25 million


Developer: Atlas Capital Group and Square Mile Capital


Marketing and sales: CORE

 

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