The History of Brownstone Brooklyn; Bronx Gentrification
· The Bowery Boys take on Brownstone Brooklyn [BB]
· New renderings for Chetrit's Williamsburg hotel ['Stoner]
· Developers built $11.9 billion worth of condos last year [NYDN]
· All of NYC's irritating people are going to LA [NYT]
· Schumer pushes for Brooklyn Navy Yard funding [BE]
· 51 Astor Place is 100 percent leased [NYP]
· The Queens "poor fence" is no more! [NYP]
· Dream Hotel coming to 9-03 44th Road in LIC [YIMBY]
· Art exhibition highlights South Bronx gentrification debate [DNAinfo]
· New renderings for Chetrit's Williamsburg hotel ['Stoner]
· Developers built $11.9 billion worth of condos last year [NYDN]
· All of NYC's irritating people are going to LA [NYT]
· Schumer pushes for Brooklyn Navy Yard funding [BE]
· 51 Astor Place is 100 percent leased [NYP]
· The Queens "poor fence" is no more! [NYP]
· Dream Hotel coming to 9-03 44th Road in LIC [YIMBY]
· Art exhibition highlights South Bronx gentrification debate [DNAinfo]
As the Rent Guidelines Board prepares to vote on the possibility of a rent freeze for stabilized tenants, advocates on both sides are making their voices heard. Landlord reps are saying that, despite a temporary drop in fuel costs, their expenses continue to rise. On the other hand, tenant advocates argue that anything short of a rent decrease will hurt stabilized tenants, citing the astronomically high cost of living in New York City. "The question is what New York will look like in 10 years, who is this New York going to be for?" said board member Harvey Epstein at last week's meeting. "But we need to preserve what's here, and therefore I say we need a rent rollback now." Despite voting for the lowest ever increase last year, the board has never voted to freeze or decrease rents. [NYT; previously]Castle in Clinton Hill Wants $2.5 Million, and More
Welcome to the Brooklyn Townhouse Roundup, where we—you guessed it—take a look at the most notable Brooklyn townhouses on the market. Got tips? Send 'em here.
↑ First up is this gorgeous brick townhouse in Clinton Hill. The place was built in the 1890s and has a wild facade with a with a blind œil de bœuf in Romanesque Revival and Queen Anne styles. It also has skylights, custom millwork, five stained glass windows, and decorative mantles. It's asking $2.545 million.
What Would it Take to Rebuild the Original Penn Station?
It's been over 50 years, but for many, the destruction of Charles Follen McKim's original Pennsylvania Station still stings (hey, even Mad Menmourned its passing). But now, there is a hopeful (if improbable) planfrom Richard W. Cameron—principal designer at Atelier & Co—to bring back the civic jewel of a long-gone New York.
According to Traditional Building's's Clem Labine, Cameron's plan has three main goals: to rebuild and replicate the grandeur of the original Penn Station; to create a modern and efficient transit hub; and to redevelop the area around Penn Station to "create a world-class urban destination—like Rockefeller Center." And while it certainly reads like a farfetched, wishful fantasy, Cameron and Traditional Building make a convincing argument for the project.
Spitzer Enterprises—former governor Eliot Spitzer's real estate business—has sold the Crown Building at 730 Fifth Avenue for an insane $1.78 billion, setting a world record for the highest price ever paid for an office building. According to The Daily News, Spitzer Enterprises and its partner the Winter family sold the property to the imaginatively named last year, but the deal only went through last month. The landmarked building was previously owned by Ferdinand and Imelda Marcos, who sold it in 1991 to Spitzer for less than $100 million. [NYDN; previously]Energy Costs in The Bronx; Will RiverTower Go Condo?
· City plan to reduce energy costs in The Bronx [NYT]
· A secret sign behind an Upper East Side Starbucks [ENY]
· Some of the Transit Museum's best gems [FNY]
· Checking in on 242 West 53rd Street [TRD]
· Goodbye, House of Cards and Curiosities [Gothamist]
· GID Development buys part of Riverside Center for $41M [TRD]
· Living in Hell's Kitchen [NYT]
· New renderings for 1809 Emmons Avenue [SHB]
· RiverTower could go condo in $550M deal [TRD]
· A secret sign behind an Upper East Side Starbucks [ENY]
· Some of the Transit Museum's best gems [FNY]
· Checking in on 242 West 53rd Street [TRD]
· Goodbye, House of Cards and Curiosities [Gothamist]
· GID Development buys part of Riverside Center for $41M [TRD]
· Living in Hell's Kitchen [NYT]
· New renderings for 1809 Emmons Avenue [SHB]
· RiverTower could go condo in $550M deal [TRD]
Arquitectonica, GHWA Submit Designs for Riverside Center
[One of Arquitectonica's designs. Via YIMBY.]
Despite the fact that the massive Riverside Center complex is already on the rise, many of the West Side megaproject's planned buildings are still without formal designs. However, with YIMBY got a hold of some of the submitted designs for "Building 1" at West 61st Street and Riverside Boulevard, including two by Arquitectonica and one by Goldstein, Hill & West Architects.
There are two designs submitted by Arquitectonica—the same firm behind nearby 606 West 57th Street—one is extremely angular, while the other incorporates more curves and slopes. Both, however, heavily feature cantilevers and incorporate many of the design elements present in Christian de Portzamparc's original masterplan (now more or less scrapped), such as two towers rising from a smaller platform.
Couple Moves from Manhattan Studio to Clinton Hill Duplex
Welcome to It Happened One Weekend, our weekly roundup of The New York Times real estate section...
2) Every "The Hunt" column begins with the Hunters describing the apartment they want, and ends with them rationalizing whatever they came away with. This is The Hunt: Dreams vs. Reality
The Hunters: a couple looking to buy
Price
Dream: $700,000
Reality: $702,000
Neighborhood
Dream: N/A
Reality: Clinton Hill
Amenities
Dream: 1-2BR, finished
Reality: 2BR, duplex, bright, walk-in closet
Summary
This weekend's Hunters are a couple looking to move out of a crappy studio rental on East 14th Street. With a budget of around $700,000, they began looking for larger apartments all over the place, eventually narrowing their search to "Brooklyn" after moving in with a friend in Boerum Hill in the aftermath of Sandy. When their friend decided to move, they assumed the lease for $2,000/month but kept searching, eventually finding a two-bedroom duplex in Clinton Hill. The place has lots of light and a walk-in closet. It was asking $695,000 and our Hunters bought the place for $702,000. [More Space in Brooklyn's Clinton Hill; photo via Juni Safont/Curbed Photo Pool]
The Hunters: a couple looking to buy
Price
Dream: $700,000
Reality: $702,000
Neighborhood
Dream: N/A
Reality: Clinton Hill
Amenities
Dream: 1-2BR, finished
Reality: 2BR, duplex, bright, walk-in closet
Summary
This weekend's Hunters are a couple looking to move out of a crappy studio rental on East 14th Street. With a budget of around $700,000, they began looking for larger apartments all over the place, eventually narrowing their search to "Brooklyn" after moving in with a friend in Boerum Hill in the aftermath of Sandy. When their friend decided to move, they assumed the lease for $2,000/month but kept searching, eventually finding a two-bedroom duplex in Clinton Hill. The place has lots of light and a walk-in closet. It was asking $695,000 and our Hunters bought the place for $702,000. [More Space in Brooklyn's Clinton Hill; photo via Juni Safont/Curbed Photo Pool]
POPULAR
Undercover NYS Lawmaker Nabs Airbnb Hustlers
New York State Assemblymember Linda Rosenthal has donned the mantel of vigilante in order to stop the root of all injustice: Airbnb.
Rosenthal—who represents parts of the Upper West Side and Midtown—recently orchestrated a sting operation by seeking out Airbnb hosts with multiple listings for entire homes and apartments. She then proceeded to go undercover and book rooms, catching numerous offenders on camera proudly showing off their "illegal hotels." According to Gothamist, the worst offender was "a rental company that had no tenants at all, with a rental agent posing as a 'host.'"
"This undercover investigation exposed that Airbnb is an enabler of the rampant illegal activity and is robbing New York City of precious units of affordable housing," Rosenthal said, but then, we already knew that. "We were able to identify unlawful hotel operations with just the click of a mouse and a camera. Seeing firsthand how easy Airbnb makes it to illegally rent residential units, it's no surprise why we are losing so much affordable housing."
"In order to fight evil, I must become evil," Councilwoman Rosenthal probably added, while staring into a mirror.
· Video: NYC Airbnb Abusers Caught Red-Handed In Sting Operation[Gothamist]
· All Airbnb coverage [Curbed]
· Video: NYC Airbnb Abusers Caught Red-Handed In Sting Operation[Gothamist]
· All Airbnb coverage [Curbed]
Weekend Open House Tour: East Village
This weekend on the Open House Tour, we're seeing what's on the market in the East Village. There are some nice, somewhat affordable apartments (as well as some not-so-affordable ones), including a two-bedroom on East 4th asking $899,000, a one-bedroom on East 11th asking $700,000, a three-bedroom loft on Broadway asking $4 million (above), and more.
Art at the Old Bronx Courthouse; Waterfront Homes in NYC
What $2,200/Month Can Rent You in New York City, Christina Ricci Buys $2M Townhouse Right Next to the BQE, Houston Rockets Owner Lists $47.5M Gramercy Park Penthouse, Diane Arbus's Former West Village Home Listed for $13.5M, 19th-Century Arches Could Be Key to Central Park's Safety, Tour Ellis Island's Creepy Abandoned Hospital, If You Dare, $22M Penthouse Is the Priciest Condo Along the High Line, Bjark Ingels's 57th Street Tetrahedron Shall Go By... Via, From Beach to Bay, 8 Waterfront Homes You Can Buy in NYC
Half a Million, for 250 Square Feet of West Village Real Estate
A world where $40 million is the new "normal" asking price for luxury apartments really makes you appreciate the little things. And by little things, we mean this 248-square-foot studio on Cornelia Street, which is just undeniably small. (A very scientific calculation was performed based on the floorplan, so it excludes the bathroom.) The tiny walk-up, which was renovated since the owner bought it for $250,000 in 2013, just hit the market asking double what he paid: $499,000. No, those closets don't house a Murphy bed, but the futon could serve as a crash pad, and the broker says a queen-sized bed—with no frame or headboard—could fit across from the radiator. It does have that West Village-y exposed brick, a brand-new kitchen and bathroom, and low monthly costs, but is there enough room? Remember, some New Yorkers live comfortably in 90 square feet (or 200), and with the right furniture (or snazzy movable walls) even the tiniest of apartments can feel like home.
Related's Giant Tower Relentlessly Rises on the Upper East Side
In all of four months, Related's East 92nd Street tower between Second and Third avenues has shot up into the sky. In January when A Fine Blog last checked in at the site, the Handel-designed condo/rental tower was nothing but a base. Now, it's built up to 15 stories; that's more than half-way to its eventual height of 425 feet. When complete, the 28-story building will have a 231 apartments averaging 1,400-square-feet in size, 33,000-square-feet of retail, and a 46,000-square-foot school for kids with learning disabilities, which the developer is probably hoping will smooth over the detail that the building is rising on the site of a community playground.
116-Year-Old Bushwick House Comes With a Modern Twist
When this townhouse at 716 Bushwick Avenue was built in 1899, it was probably a pretty grand house by the neighborhood's standards. These days, it fits right in with the Bushwick of 2015. The Renaissance Revival-style building currently serves as a two-family house—don't be fooled by the door painted on its facade—and has been altered in its 116 years to include such quirky details as a garret kitchen for a hobbit, a darkroom, and a graffiti-sheathed basement that the brokerbabble bills as "true to the artistic energy of Bushwick." The townhouse still contains a lot of its original details, though, like mantles and chandeliers, and some 34 five-paneled doors. The townhouse, also eyed by 6sqft, is on the market for $1.98 million.
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- The Gilded Age Origins of New York City's Rooftop Gardens
- How NYC's Decade of Rezoning Changed the City of Industry
What's coming to NYC's hottest in-development neighborhoods.
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- Senior EditorHana Alberts
- Senior EditorJessica Dailey
- EditorJeremiah Budin
- Associate EditorZoe Rosenberg
- Features EditorSara Polsky
- Weekend EditorRowley Amato
- PhotographyWill Femia
- PhotographyMax Touhey
- PublisherVox Media
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