Category Archives: Central Park South

Tunnel Boring Machine Laid to Rest

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The NYC subway and rail system is one of the oldest in the world, but it is still expanding. A new tunnel has just been completed into Grand Central Station that will bring Long Island Railrod (LIRR) lines into the station. Beginning in 2007, this project has been a painstaking process of burrowing into the rock beneath Manhattan with the help of two 200-ton, 22-foot-tall tunnel boring machines.

The machines are so big and the process is so laborious that the machines themselves are extremely worn by the end of the project–so …

by Michael Foster on August 31, 2011

Plaza Hotel condos sell for $19 million

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The Wall Street Journal is reporting that two adjacent condos in the Plaza Hotel were sold for $19 million, which will certainly be yet another boon to the luxury real estate market in NYC, which has experienced quite the surge in recent weeks. WSJ is reporting that the buyer is Barbara Garza, a director of Mexican bottler Coca-Cola Femsa, in a deal that closed last week after a rather short negotiating period.
What’s surprising about the sale is that the previous buyer had purchased the two units just four years ago. In 2007, …

by Michael Foster on August 5, 2011

The Highly Visible Essex House

It seems you simply can’t look at the majestic skyline of Central Park South without thinking of the words Essex House. That’s because of the gigantic red neon letters which say Essex House. They sit atop a stately 1931 art deco skyscraper, known, by no coincidence, as the Essex House.
This 43-story luxury hotel was designed by Frank Grad, and was originally known as the Park Tower. Later it became the Seville Towers. In 1974, 148 of its suites were converted to condominiums. In 2005 the Dubai Investment Group acquired the …

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by Noah Diamond on March 31, 2011

What’s in a Name (or a Neighborhood)?

 
Every so often, we receive breaking news of a so-called “new New York City neighborhood.” In recent decades, we’ve been asked to add TriBeCa (the “triangle below Canal Street”), NoHo (“north of Houston Street,” modeled on the forty-year-old designation of SoHo, “south of Houston Street”), and even DUMBO (“down under the Manhattan Bridge overpass,” believe it or not) to our local lexicons. Even more recently, there have been attempts to brand NoLita (“north of Little Italy”), CanDo (“Canal Street downtown”), and BoHo (“Bowery south of Houston Street,” whose nickname at …

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by Noah Diamond on February 27, 2011

When It Snow’s In New York…Be Prepared

It was another snow day here in New York City, and I don’t know if you noticed but the day was a perfect for heading to New York public parks for some fun in the snow. Minus the transit troubles, the city was beautiful. Just check out my friend Gillian’s view outside her balcony on East 89th Street, a tree line shot right to Central Park:

If you are a new comer to New York, or you are planning to buy a new condo in the area, here are some tips …

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by Anthony Longo on January 27, 2011

Buying A Condo Along The Parade Path

Mr. Ralph Gardner of the Wall Street Journal recently wrote an article about his mother deciding to always live in an apartment along the Macy’s Thanksgiving Day Parade path. That’s an interesting concept for a buyer, and a challenge for the broker.
I believe his mother had a great idea, because now Mr. Gardner has a lifetime of memories viewing the parade from his mother’s Central Park West location. His view from the fifth floor must be amazing as the enormous cartoon floats go by, meanwhile all the cold jealous people …

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by Anthony Longo on November 28, 2010

Twenty-Something’s Adaptation To New York Prices

The New York Times recently reported that twenty-somethings moving to New York for the first few years are doing everything they can do to survive in this expensive city during this horrible economic slump. Being a twenty-something myself, going on my fourth year in the big apple, I understand all these baby New Yorker woes.
Living in a city where you have to start out residing in a windowless box, sleeping on a twin bed with your feet hanging off one end is not the ideal situation for any young adult …

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by Anthony Longo on November 14, 2010

10 Of Our Favorite Condos for 2010!

Even in a recession, New York City always manages to stand up straight, both literally and figuratively. While other cities have pretty much halted their new construction, New York is chugging along. New properties hit the market all the time – and we’ve compiled the places that we predict will be the best buildings of 2010.
10. 100 11th Avenue
Developer: Cape Advisors, Inc.
Architect: Jean Nouvel
Marketing: Corcoran Sunshine
Price Range: Starting at $3.6 million
A new development in Western Chelsea, 100 Eleventh Avenue is an eco-friendly building offering one to four bedroom residences with …

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by Anthony Longo on March 29, 2010
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