Monthly Archives: April 2015
Hamilton Heights Home asking $3.8mm
The former rental of former New York Knick Iman Shumpert is on the market as of yesterday for $3.8 million. The property in the Hamilton Heights Historic district is 20 feet wide with high ceilings.
If sold at asking price this would set a record for Harlem where the previous record for a townhouse sale was the one purchased by Neil Patrick Harris. With low inventory and this home’s high end finishes you never know….
Upper East side New developments update
There are a number of interesting new developments either already in the market as well on the way to market on Manhattan’s upper east side. They range from the affordable luxury of Related’s Carnegie Park at 200 East 94 street to Zeckendorf’s opulent collaboration with Robert A.M. Stern at 520 Park avenue. The latter will have a triplex penthouse reportedly that will ask $130mm.
The trend as in most parts of Manhattan is for larger apartments and several condos have apartments that start at over 3000 sqft. What’s interesting though is that many projects have gone East of Lexington avenue which in the past they did not. Amongst those are 20 East end which has had brisk sales.
7 Harrison street Tribeca,NY PH price chop
7 Harrison street is a 12 unit boutique condo loft whose residents include Steven Soderbergh and David Fincher. They bought units in this building for just over $8mm and $6mm respectively. The penthouse has not sold however and they have decided to cut the price from $34mm to $29.95mm.
According to Streeteasy.com, the penthouse has 6434 sqft including 6 bedrooms and 6baths plus 5 half baths. In contract at 7 Harrison street is apt 5s which was asking $5.65mm for a 3bd/3ba with slightly more than 2000 sqft.
South Seaport development stalled
The South Street Seaport project in Manhattan has been stalled. The Howard Hughes Corp has promised a $300mm amenity package inlcuding a school and affordable housing. However, the developer has also planned a nearly 500 ft tall condo tower over the water which many locals including politicians are against.
Local politicians including Gale Brewer, the Manhattan Borough president, would prefer to see the City develop the area and does not want a large tower overshadowing the low rise nature of the South Street Seaport Historic disctrict.
Article about Howard Hughes Corp attempt to develop South Street Seaport
Frank Sinatra’s forer Upper east side home sold
Frank Sinatra’s former 3200 sqft apartment at 530 E 72 street aka The Edgewater co-op is now sold. The apartment featured a triplex layout, a terrace and a roofdeck overlooking the East River.
The seller had bought it from Old Blue Eyes and completed a renovation. The selling price according to the Wall Street Journal article was $4.93 million. Mr. Sinatra had bought it new and until four years ago it was hardly changd at all.
Read the WSJ article below and see CurbedNY’s take on it as well.
255 West 85th street 1bd condo with urban farm
The Daily News is running a story about a 1 bedroom condo penthouse on the Upper west side of Manhattan that comes with an urban farm. The seller who is also a real estate broker and his husband will leave two chickens and their coop (not their co-op, sorry couldn’t resist that one) for the right buyers.
The apartment is located in a walkup building and has two floors with two outdoor spaces. Their asking price is $1.195 million. Read the NYDN article by clicking the link below and view the listing on streeteasy as well.
217 west 57 street NYC tallest residential building
217 west 57 street aka the Nordstrom tower of developer Extell has released some renderings. The building should be completed by 2018 and will rise to 1479 feet at the roof level and have a pinnacle height of 1775. Developer Extell was also responsible One57 which is located at 157 west 57 street and has for now set the record for most expensive sale of a Manhattan apartment at $100.47mm earlier this year. Several other properties are going up around Billionaire’s Row including 432 Park avenue, and 220 CPS.
See the renderings by clicking on the link below.
360 CPW condo conversion Upper West side
At the corner of 96th street and Central Park west on Manhattan’s upper west side, signage has gone up for a condo conversion and there is a teaser site.
The residential portion of the building, according to Propertyshark.com, is just under 156k sqft. Additionally, there is the Second Presbyterian Church which is on 96 street.
Apparently, the building will become condos. See below website to register.
The building is ideally located at the corner of CPW, adjacent to the B,C subway lines and also the M96 and M10 buses. It is also right across the street from 361 CPW which is the church-to-condo conversion that is making it’s way through the community review process due to needed variances for adding windows and a possible penthouse.
Searching for an apartment on the Upper West side?
If you are searching for an apartment on the Upper west side of Manhattan, perhaps you will find the NYT The Hunt article interesting. A couple of flight attendants had a tiny 350 sqft apartment in a walk-up on the upper east side and then decided to trade up.
Along the way, they were turned down by a Board on the Upper East side, then changed brokers and went searching on the Upper West side with a max budget of $700k.
Will they be able to find an apartment? Will they get turned down again by a Co-op board? Read the full article to learn the answers.