Category Archives: New York Real Estate

New Luxury Development Hits Soho

On Wooster Street just south of Houston in the hip Soho neighborhood, a new condominium is taking shape. 139 Wooster Street is a six-story luxury development with a mixture of modern minimalist design and classical features that make it fit seamlessly with the neighborhood.
The development includes two penthouses on two levels with a spiral staircase in pure white connecting the floors. All apartments appear spacious thanks to the tall 11-foot ceilings and oversized windows facing east, which bring in a lot of light and the beautiful urban street view below.
Each …

by Michael Foster on December 15, 2011

The Treat of the Triangle Below Canal

Responding to “Where are you from?” with New York City always raises an eyebrow.  Responding to “What part of the city are you in?” with Tribeca raises both eyebrows and usually causes a step back.  Some of the city’s best, and definitely the city’s coolest residents, restaurants, bars, events, hotels, and businesses make their home west of Broadway, and south of Canal.

Looking past the dropped jaws of tourists wandering through from Chinatown when they spot the likes of Ed Burns, Michael Imperioli, Jessica Alba and more, Tribeca is a neighborhood …

by Mike Dean on October 17, 2011

The Seaport Museum Saved by The Museum of the City of New York

The Seaport Museum’s history is one that showcases its survival through tough times thanks to the tenacity of New York City residents. According to the New York Times, this museum is once again in desperate need of help. This time, it gained support from an unlikely source: another museum.
Recently, the Museum of the City of New York made a deal to take over the Seaport Museum with the help of a two million dollar grant. The grant comes from the Lower Manhattan Development Corporation.

It’s no surprise that the Seaport Museum …

by Phylis J. Iqbal on September 20, 2011

135 Bowery: The Limits of Preservation

One of the joys of New York City–arguably, its greatest joy–is the architecture. The pastiche of old and new, skyscrapers and tenement houses, brownstones and glass and steel condos all give the city its diverse landscape and a flavor for every taste. I, for one, am a big fan of the tenement style apartments that are easily found in the Lower East Side, East Village, and Hell’s Kitchen, where this architectural style truly shines alongside modern architectural masterpieces by famous designers.
Despite my nostalgic affections, even I cannot support the preservation …

by Michael Foster on September 18, 2011

High Line 2.0 on the East River

Gothamist is reporting about a new public development in the works that would create a mile-long walkway, bike path, and green space on the East River from 38th to 60th street. There would be a number of benefits to this: much needed walking space along the East River at Midtown, a route for cyclists to trek from the Upper East Side to Midtown East and Kips Bay. The new route would also allow cyclists to travel from the Upper West Side to the east side and back up to East …

by Michael Foster on September 16, 2011

Views from High Line Park

NPR has broadcast a glowing story about the High Line park in Chelsea, including some very interesting and little-known facts about the place alongside historical photos that demonstrate just how much the park has changed the atmosphere of the neighborhood.
One such fact that blew me away was the figures; the park took over $100 million in private donations to renovate the space, which has probably increased the property values in the area enough to raise nearly half a billion dollars in property taxes for the city. Such an increase in value …

by Michael Foster on September 14, 2011

Upper East Side Rental Conversions Add Needed Luxury Condos to the Upper East Side

737 Park-Ave New York City

 
Recently, there has been a boom in rental developments throughout the city, as investors (not least of which is Toll Brothers) realize that the demand for housing is growing in Manhattan as the economy recovers and the city booms (even while the rest of the nation struggles, again confirming that NYC is a world of its own).

Savvy private investors with sufficient capital will avoid rentals because they would prefer to build equity instead of losing money on rent, so the demand for luxury properties has remained strong. Thus, it is …

by Michael Foster on September 6, 2011

Celebrity Homes in NYC

Richard Belzer

The New York Daily News has just announced that ”Law & Order’s” Richard Belzer’s apartment is on the market for a low $2.9 million. The Daily News speculates that this may be because Richard Belzer and his wife are spending more time in their villa in southern France, leaving them less motivation to keep their four bedroom pied-a-terre at 60 Riverside Drive. The property is gorgeous, with a west-facing balcony overlooking the Hudson and an ensuite master bathroom, as well as traditional finishes throughout.
There seems to be a rash of celebrity homes …

by Michael Foster on September 5, 2011
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