Neil Patrick Harris has been busy and on February 22nd will host the Grammys. NPH gave a tour to Architectural Digest of his 5th avenue Brownstone which he purchased for $3.6mm. Click on the link below to see the article and video to see some of the below items.
CurbedNY and YIMBY are reporting that three small townhouses will be demolished to make room for a 22 story condo building at 15 West 96 street. The building can be built without LPC approval because it is just outside of the historic district. Reportedly, each floor will house a full floor condo except for the duplex penthouse. Since it’s on the North side of the street, the southern exposures will be nice from these apartments and the views especially above the tree line should be excellent.
A 2bedroom/2bath south facing condo has entered the market in the much sought after Park west Village. The convertible 3bedroom has a terrace open kitchen, 2 nice size bedrooms with ample closets and wood floors. It is in move in condition. The building amenities include a private garden,24 hour concierge, live in super, bike room, children’s playroom, gym, library,laundry and parking.(waitlist) First Open house Sunday February 15th 1-2pm.
Bruce Willis and his wife Emma Heming Willis have sold their El Dorado apartment and are in contract to buy a larger 6000 sqft apartment at 271 CPW. According to NYDN, the actor wanted a larger space due to now having a second child. From the listing pictures, it appears the duplex apartment is just above the treeline. The asking price was 17mm for Willis new place at 271 CPW while he sold for $13mm at El Dorado. It’s a good day to trade up!
Greystone along with Continental Properties and Itzahki properties are developing condos within the landmarked West Village historic district at 130 7th avenue south. Greystone has just acquired a major interest in this project and according to reports they will develp condos of approximately 2500 square foot. Based on the zoning, it appears they will develop 2-3 condos on top of retail. Continue reading 130 7th avenue,West Village new condos coming
If you are not familiar with Park West Village, it is a 7 building complex bounded by Central Park West, Columbus avenue, 97street and 100 street. There are 4 condo buildings with the addresses of 372,382,392, and 400 CPW. The other 3 buildings remain rentals. Continue reading 400 Central park west apt 10C NY,NY 10025 Market preview
This 2 bedroom 1.5 bathroom apartment underwent a renovation over the last several months and finally has arrived in the market. The pet friendly 26 unit building has a roof terrace with River views. Recent comps suggest a quick sale of this apartment directly across from the Park.
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A new map is showing the distribution of wealth in NYC based on apartment value. The study shows areas where the highest concentration of apartments are worth more than $5mm, $15mm and $25mm.
Not surprisingly, Lincoln Square well mostly 15 CPW leads the way with a concentration of 206 high value condos totalling more than $3 billion in value. Clusters of wealth by apartment value also are heavily present on Fifth avenue, downtown and in Brooklyn.
With the 421-a tax abatement program expiring this June, legislators, advocacy groups and the real estate industry are all ponitificating on what they think the changes if any should be to the current program. Currently, the program allows developers in high demand areas like many neighborhoods in Manhattan to get a tax abatement in exchange for making 20% of the units affordable housing. In other areas outside of these zones, the developer can receive the tax abatements without constructing any affordable housing. Continue reading Should the 421-a tax abatement program continue?
