DOCSLIB.ORG

Q2 Manhattan Report-2014 B.Indd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Q2 Manhattan Report-2014 B.Indd Battery Park City Beekman Carnegie Hill Central Park South Chelsea Flatiron Clinton East Harlem East Village Financial District Gramercy Greenwich Village Hamilton Heights Morningside Heights Harlem Inwood Chinatown Lower East Side Midtown East Midtown West Murray Hill Roosevelt Island SoHo/Nolita Sutton Area TriBeCa Upper East Side Upper West Side Washington Heights West Village The Corcoran Report Battery Park City Beekman Carnegie Hill Central Park South Chelsea Flatiron Clinton East Harlem East Village Financial District Gramercy Greenwich Village Hamilton Heights Manhattan Morningside Heights Harlem Inwood Chinatown Lower East Side Midtown East Midtown West Murray Hill Nolita Roosevelt Island SoHo Sutton TriBeCa Upper East Side Upper West Side Washington Heights West Village The Corcoran Report 2nd Quarter 2014 Battery Park City Beekman Carnegie Hill Central Park South Chelsea Flatiron Clinton East Harlem East Village Financial District Gramercy Greenwich Village A comprehensive analysis of the residential Hamilton Heights Manhattan real estate market in Manhattan. Morningside Heights Harlem Inwood Chinatown Lower The Corcoran Report Page 2 2nd Quarter 2014 Welcome to the Corcoran Report, our quarterly examination of Manhattan’s residential real estate market. This report uses market-wide data based on transactions that closed in the Second Quarter 2014 (April 1 through June 30) and compares them to closings that took place last quarter and during the same quarter last year. Closings typically occur eight-to-twelve weeks after a contract is signed in the resale market but can occur several years later for new developments. For that reason, the sales activity discussed trails actual market conditions. A continued shortage of properties for sale and the restoration of prices to their pre-2008 levels resulted in a slower pace of sales in Second Quarter 2014 compared to last year’s white-hot market. Closed sales were 10% below Second Quarter 2013 but, typical for the spring season, rose in comparison to the First Quarter by 11%. Similarly, signed contracts decreased 22% versus last year, but increased 11% from last quarter. Overall, the market-wide cost for Manhattan’s homes increased 20% in average sale price, 6% in median sale price, and 15% in average price per square foot versus Second Quarter 2013. The average price per square foot reached $1,286 this quarter, a new peak. Robust price appreciation occurred most notably in the new development market. The average sale price for a new development was up 63% versus Second Quarter 2013, the median sale price rose 16% as average price per square foot increased 31% to $1,803, and product that came online this quarter was larger than in the past. New developments represented only 7% of market-wide closings this quarter, but drove some of the biggest price gains. The resale market also enjoyed price appreciation. The price per square foot for resale co-ops topped $1,000 for the first time at $1,019, a 16% increase year-over-year. Resale condo price per square foot similarly rose by 14% to $1,460. Price growth occurred in all unit sizes, with year-over-year median sale price growth generally higher among two- and three-bedroom units. Although inventory continues to be very low with just 5,912 properties currently for sale, more listings have begun to enter the market than in previous quarters. Second Quarter 2014’s inventory rose 7% from the First Quarter, the second straight quarter of inventory gains. Total listings were just 2% below last year’s figure, a small decline compared to the past eight quarters of double digit annual inventory decline. However, available inventory has shifted toward more expensive units; versus last year, inventory under $1 million is down from 50% to 41% of total inventory. If you have any questions regarding your specific needs, Corcoran agents are here to help you navigate the current market with expert knowledge and exceptional service. For a digital copy of this report and more information on the New York real estate market please visit our website at www.corcoran.com/nyc/Advice. Sincerely, Pamela Liebman Chief Executive Officer The following members of the The Corcoran Group made significant contributions to this report: Rebecca Disbrow I Douglas LaMere I Kathleen Mejia I Ryan Schleis I Joshua Sachs I Brie Train The following members of the PropertyShark team made significant contributions to this report: Matthew Haines I Lavinia Husar I Bodor Kalman I Robert Raiz I Mihai Palermo The Corcoran Report is compiled using market-wide data aggregated by PropertyShark, an independent research firm. The Corcoran Report Page 3 2nd Quarter 2014 View all our current market reports at www.corcoran.com/nyc/Advice Market Trends The Manhattan residential market is stable as inventory recovers from its trough and increasing new developments enter the market. Despite a Uptown lower number of sales this quarter, price growth New developments currently in occurred in all submarkets year-over-year, with closing in this market are at lower some very signifi cant gains. Page 4 price points than were in closings last year, driving down the new development averages. Resale West Side condo price per square foot was up 10% and co-ops were up 14% Closings at One57 caused versus last year. Page 16 signifi cant new development price gains on the West Side; new development median price is up 88% versus last year. Resale median prices were up 13% and 14% respectively for condos and co-ops. Page 12 East Side The East Side posted large gains across the board with very signifi cant price growth in the new development market. Midtown Larger units saw bigger price gains. New developments Midtown prices held somewhat currently on the market saw steadier than other submarkets many of their smaller units this quarter. Average price per sell out quickly in previous square foot and median price quarters. Page 11 rose between 6% and 18% for resale condos and co-ops. Resale condos in midtown saw the largest annual one-bedroom median price Downtown growth of any submarket. Few new developments are currently in Resale median price in the condo closings. Page 13 and co-op markets both increased by 6%. At $5.250MM, median price for a three bedroom resale condo is the highest market-wide. Financial District New development numbers were and Battery Park City tempered by a high volume of lower priced sales, which kept averages Signifi cantly fewer new developments lower this quarter. Page 14 closed this quarter in the Financial District and Battery Park City, making up less than 20% of all submarket sales, compared to nearly 50% in Second Quarter 2013. Resale average, average price per square foot and median price all increased by double digits year-over-year. Page 15 Average price per square foot (SF): Above $2,500 SF $2,000 - $2,500 SF Interactive map online at Number of sales $1,500 - $2,000 SF per building: $1,250 - $1,500 SF PropertyShark.com’s map of $1,000 - $1,250 SF Manhattan plots sales in the First Above 20 Units $750 - $1,000 SF Quarter according to the number 10 to 20 Units $500 - $750 SF of sales and their respective prices 3 to 9 Units Below $500 SF propertyshark.com/maps per square foot. 1 to 2 Units No SF Available The Corcoran Report Page 4 2nd Quarter 2014 Manhattan Market-wide Sales - Closings There were 3,781 closed sales during Second Quarter 2014, 10% lower than the number of sales in Second Quarter 2013. They were up, however, 11% versus last quarter, a typical seasonal change. Compared to the past five-years, closings are still 10% above the average. Closed Sales Average 5,000 4,500 4,000 s 3,500 3,000 2,500 of Closed Sale 2,000 mber Nu 1,500 1,000 500 0 2Q11 3Q11 4Q11 4Q12 1Q13 3Q13 1Q11 3Q12 2Q13 1Q12 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 4Q13 1Q14 2Q14 2Q12 Sales - Contracts Signed Contract signed figures are derived from the number of listings reported as in contract during the quarter. Most of these contracts will close eight to twelve weeks later, often in the following quarter. However, with the return of a new development pre-sale market, contracts may close as many as three years after signing. The number of contracts signed offers a more immediate measure of the market. With 3,593 contracts signed, Second Quarter was down 22% versus last year. Condo units made up just 40% of signed contracts, the lowest market share since Second Quarter 2009, and saw a 31% year-over-year decrease. Total Second Quarter 2014 contracts signed were up 11% versus First Quarter. Compared to the last five years, total contracts signed this Quarter was still 23% above the average and was the strongest quarter in the pastyear. Condo Contracts Co-op Contracts Average 5,000 4,500 4,000 3,500 3,000 2,500 of Contracts Signed mber 2,000 Nu 1,500 1,000 500 0 1Q11 2Q11 3Q11 4Q11 2Q12 1Q13 2Q13 3Q13 1Q10 1Q12 2Q14 3Q12 4Q12 3Q09 4Q09 4Q13 1Q14 2Q10 3Q10 4Q10 * Current quarter sales figures are estimated based on the number of sales as of report preparation plus the typical number of sales reported after publication. 1 The Corcoran Report Page 5 2nd Quarter 2014 Manhattan Market-wide Inventory - Total and New Listings Manhattan inventory appears to be climbing again after hitting a low during Fourth Quarter 2013; both the First and Second Quarters of 2014 showed quarter-over-quarter inventory gains. With 5,912 active listings this quarter was 7% above last quarter and just 2% below Second Quarter 2013.
Load more

Recommended publications
  • Two Penthouses Sell for $60 Million, and John Mellencamp Buys in Soho
    BIG TICKET (/COLUMN/BIG-TICKET) Two Penthouses Sell for $60 Million, and John Mellencamp Buys in SoHo Two half-floor sponsor units on the 91st floor of 432 Park Avenue sold to an unknown buyer for $60 million. This was New York City’s most expensive closed sale in January, according to property records. Andrea Mohin/The New York Times By Vivian Marino (http://www.nytimes.com/by/vivian-marino) Feb. 2, 2018 The new year began almost the same way as 2017 ended: with outsize closings of combination-ready penthouses at 432 Park Avenue (https://www.432parkavenue.com/). Two half-floor sponsor units on the 91st floor of this super-tall building, on https://mobile.nytimes.com/2018/02/02/realestate/two-penthous…mellencamp-buys-in-soho.html?referer=https://www.google.com/ 2/2/18, 916 AM Page 1 of 10 Midtown’s so-called Billionaires’ Row, between 56th and 57th Streets, sold to an unknown buyer for a combined $60,083,577 (https://a836- acris.nyc.gov/DS/DocumentSearch/DocumentDetail? doc_id=2018010400031001). Each apartment had been on the market for around $40 million. This was New York City’s most expensive closed sale in January, according to property records. Just a few weeks earlier, in mid-December, two half-floor units on the 92nd floor and one on the 93rd of 432 Park, also listed at nearly $40 million apiece, sold to another unnamed buyer for $91.13 million (https://a836- acris.nyc.gov/DS/DocumentSearch/DocumentDetail? doc_id=2017121900639001). It was the priciest sale for all of 2017, as well as the third highest ever for a residence in the city.
    [Show full text]
  • Sales Slow at High-End Condos As Pricey Pads Grow Plentiful Around
    NEW YORK NEWS POLITICS SPORTS ENTERTAINMENT OPINION LIVING EVENTS HEALTH HOMES FOOD AUTOS HOROSCOPES EDUCATION COMICS GAMES LIVING PICS FASHION PICS BLOGS BY KATHERINE Sales slow at high-end CLARKE condos as pricey pads grow plentiful around city Only 75 percent of the 94-unit One57 is occupied along Billionaire's Row in Midtown NEW YORK DAILY NEWS / Friday, June 13, 2014, 2:00 AM A A A SHARE THIS URL nydn.us/1lkOoDb Where did all the billionaires go? After a year of frenzied sales in 2013, high-end condo deals have slowed at several luxe buildings, including One57, the blue glass skyscraper that symbolizes the new Billionaire’s Row on W. 57th St. This time last year, the 94-unit LATEST STORIES building was 70% sold. Now, it’s just above 75%, said Jeff Dvorett Jane Fonda puts New Mexico ranch up for of Extell Development, meaning sale only a couple of apartments Jane Fonda has listed her have been bought over the last Forked Lightning Ranch just north of Santa Fe for $19.5 12 months. million. The remaining units are mostly Occupy W. 57th St. priced between $20 million and After a year of frenzied sales in 2013, high-end $40 million. And the 1% is condo deals have slowed at balking. several luxe buildings, including One57, the blue glass skyscraper that The uber rich are also slow to symbolizes the new Billionaire’s Row on W. 57th St. sign on the dotted line at 432 The penthouse market Park Ave., Harry Macklowe’s doesn't have to be top dollar high-end condo slated to The loftiest bragging rights become the tallest residential in town go to penthouse tower in the Western dwellers — but you don’t have to be Rupert Murdoch Hemisphere, and at a much- or Jon Bon Jovi to own lauded condo conversion at 737 trophy aeries.
    [Show full text]
  • Condos for New on Billionaires'
    September 5, 2019 https://therealdeal.com/2019/09/05/serial-buyers-trade-old-condos-for-new-on-billionaires-row/ Serial buyers trade “old” condos for new on Billionaires’ Row Sting, Daniel Och and Bob Diamond are just a few who’ve left 15 CPW for “newer” condos By E.B. Solomont For many, a move coincides with a huge life event — relocating when a marriage begins or ends, upsizing to make room for a new baby or downsizing when kids move out. But for an uber-rich set of buyers in Manhattan, it comes down to shininess. Over the past few months, serial buyers with deep pockets have swapped “older” condos for new ones. They’ve traded Central Park West for Park Avenue; limestone for a glass curtain wall; Christian de Portzamparc for Robert A.M. Stern. Take Sting and his wife, Trudie, who paid $65.7 million for a penthouse at 220 Central Park South after unloading their pad at 15 Central Park West for a cool $50 million. The couple paid $26.5 million at 15 CPW in 2008, records show. Or the rocker’s neighbor, Daniel Och, who is reportedly among the buyers at 220 CPS and recently listed his penthouse at 15 CPW for $57.5 million. Real estate developers are doing it, too. This summer, Related Companies boss Stephen Ross listed his Time Warner Center penthouse — which he received as a “distribution” — for $75 million. Now, Ross is moving west, to his company’s Hudson Yards megadevelopment. “There’s a certain personality that wants the new ‘It,’ whether it’s a handbag, car, vacation spot or home,” said Douglas Elliman’s Noble Black.
    [Show full text]
  • The Cityrealty 100 Report 2020
    THE CITYREALTY 100 REPORT 2020 DECEMBER 2020 THE CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for pro- spective apartment buyers, as well as in-depth analysis of the New York real estate market. 1100 THE CITYREALTY 100 REPORT 2020 About The CityRealty 100 The CityRealty 100 is an index comprising the top 100 condominium buildings in Manhattan. Several factors—including a building’s sales history, prominence, and CityRealty’s rating for the property—are used to determine which buildings are included in the index. This report tracks the performance of those buildings for the one-year period ending September 30, 2020. CityRealty releases regular reports on the CityRealty 100 to track the change in prices of the top 100 Manhattan condo buildings. After falling in 2018 from all-time highs achieved in 2016 and 2017, the index’s average price / foot and total sales volumes were roughly flat in 2020 as compared to 2019, with the average price per square foot increasing 2% to $2,649. For the 12 months ending Sep 30, there were 846 sales which accounted for $4.94B in sales volume. Manhattan real estate, as viewed through the lens of this report, focuses on the city's top tier of buildings, which are seen as a relatively stable and good investment. The stagnation in prices and volume, especially in buildings not new to the market, reflects a market that has been saturated with high-end product, and prices in the 3rd quarter of 2020 reflect an overall downward trend.
    [Show full text]
  • Super-Slender Towers of New York
    ctbuh.org/papers Title: The New Supers: Super-Slender Towers of New York Author: Silvian Marcus, Director of Building Structures, WSP Group Subjects: Architectural/Design Building Case Study Structural Engineering Keywords: Slenderness Structural Engineering Supertall Publication Date: 2015 Original Publication: Global Interchanges: Resurgence of the Skyscraper City Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / Silvian Marcus The New Supers: Super-Slender Towers of New York Abstract Silvian Marcus Director of Building Structures 432 Park Avenue, the MoMA Tower and Steinway Tower at 111 West 57th Street are the first WSP Group, of a new generation of supertall buildings in New York City. 432 Park Avenue will stand as the New York City, USA tallest residential building in the Western Hemisphere; MoMA Tower will be fully supported at 1050 feet despite its lack of vertical architectural lines; and 111 West 57th Street will break the record for the world’s most slender skyscraper. With limited horizontal space and increasing Silvian Marcus, PE, F.ASCE, Chairman, Building Structures, is a world renowned engineer with over 40 years of experience. demand for high-end residential real estate, the sky is the city’s next frontier. In a climate such He has engineered domestic and international award- as this, engineers are constantly challenged to pioneer the technical advances that make these winning offices, residences, hotels, and institutions valued at over $50 billion in construction cost. His portfolio includes: structures possible. 432 Park Avenue, MoMA Tower, WTC Museum and Memorial, 7 World Trade Center, Time Warner Center, Beekman Tower, Four Seasons at 30 Park Place, 15 Central Park West, and Trump Tower.
    [Show full text]
  • List of Sales at and Above $15M
    List of sales at and above $15M PRICE ADDRESS NEIGHBORHOOD UNIT TYPE NEW DEVOLPMENT OR RESALE $70,000,000 960 Fifth Avenue, PHB Upper East Side Co-op Resale $51,000,000 113-115 East 70th Street Upper East Side Townhouse Resale $50,912,500 212 West 18th Street, PH1 Chelsea Condo New Development $48,000,000 15 Central Park West, 1819B Lincoln Square Condo Resale $43,010,000 23 East 22nd Street, PH Flatiron Condo New Development $42,000,000 18 Gramecy Park South, PH17 Gramercy Park Condo New Development $42,000,000 50 Central Park West , 12BC Lincoln Square Co-op Resale $34,000,000 834 Fifth Avenue, 14PHB Lenox Hill Co-op Resale $33,000,000 55 Central Park West , 19D Lincoln Square Co-op Resale $32,000,000 768 Fifth Avenue, 807 Midtown Condo Resale $31,671,075 157 West 57th Street, 62A Midtown Condo New Development $31,311,187 212 West 18th Street, PH 3/4 Chelsea Condo New Development $30,551,000 157 West 57th Street, 58A Midtown Condo New Development $30,551,000 157 West 57th Street, 60A Midtown Condo New Development $30,449,175 157 West 57th Street, 61A Midtown Condo New Development $30,041,875 157 West 57th Street, 59A Midtown Condo New Development $30,000,000 25 Columbus Circle, S64CE Lincoln Square Condo Resale $29,000,000 15 Central Park West, 33D Lincoln Square Condo Resale $28,000,000 42 West 12th Street Greenwich Village Townhouse Resale $27,500,000 1 West 72nd Street, 63 Upper West Side Co-op Resale $26,580,000 383 West Broadway, 6W Soho Co-op Resale $26,000,000 45 East 74th Street Upper East Side Townhouse Resale $25,529,393 737
    [Show full text]
  • The New York Times / 6.5.2019
    June 5, 2019 The New York Times New York City’s Evolving Skyline A high-rise building boom, mostly of luxury condos, has transformed New York City’s skyline in recent years — and there’s more to come. By Stefanos Chen Impressions: 29,984,446 ew York has long been a city in the clouds, but with 16 buildings around 500 feet or taller slated for completion this year, 2019 could be the city’s busiest year ever for new skyscrapers. N For many years the city’s skyline was primarily defined by the Empire State and Chrysler Buildings, both over 1,000 feet tall and built in the early 1930s. But New York’s horizon has been in perpetual flux now for the better part of a decade. There are currently nine completed towers in New York that are over 1,000 feet tall, and seven of them were built after 2007. Nearly twice that many — another 16 such towers — are being planned or are under construction, according to the Council on June 5, 2019 The New York Times Tall Buildings and Urban Habitat, a Chicago-based nonprofit that tracks high-rise construction. The scale of this new wave of construction is unprecedented. New York’s skyline looks starkly different than it did a decade ago, redrawn by the massive Hudson Yards project on the West Side of Manhattan; a profusion of towers on and around Billionaires’ Row in Midtown; and the revitalization of Lower Manhattan, with One World Trade Center leading the way. The recent rezoning of Midtown East will cut even more of the skyline into unfamiliar silhouettes.
    [Show full text]
  • New York's First
    110 NEW YORK’S FIRST $100 MILLION APARTMENT IS C OMINGIN!A!CITY!CONSUMED!BY!LUXURY!CONDOM SOONINIUMS"!NO!PRICE!IS!TOO!HIGH!TO!PAY#! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!AS!A!NEW!ROUND!OF!END$OF$YEAR!BONUSES!HITS!BANK!ACCOUNTS" Michael Gross REPORTS!ON!THE!RACE!TO!A!NINE$FIGURE!SALE#! 90 orget the gated motor court, the down below sit Louis Kahn’s Franklin D. Roo- private courtyard or the waterfall in sevelt Four Freedoms Park and the UN itself. the lobby and check out the dizzy- The Foster+Partners–designed condomini- ing view from atop 50 United Na- um tower is still under construction; its triplex Ftions Plaza. Manhattan’s Rocky Mountains— penthouse (complete with a 50-foot-long heated the skyscraper tops of the Empire State, the outdoor pool and a Foster-created, one-piece 80 Chrysler, Rockefeller Center and MetLife—all stainless-steel staircase—both hoisted up to the seem close enough to touch. You can see the aerie by crane) doesn’t even have walls yet. But network of bridges connecting the city to the since they will be walls of glass, the views won’t rest of the world; the East and Hudson riv- change once they’re installed. ers; the Statue of Liberty; the new One World What has changed? The asking price. Trade Center. In the distance, airplanes take When 50 UN was topped out in July 2013, 70 off from Kennedy and LaGuardia. And straight two separate apartments—a $55 million duplex 60 50 40 30 The Midtown Manhattan skyline, as seen from 56 Leonard, a 60-story condo by Herzog & de Meuron in New 20 York’s TriBeCa 10 119 and a $45 million full-floor penthouse below it—were the most ex- listings soon followed; the flag had dropped on the race to nine figures.
    [Show full text]
  • Logic of Luxury 2.0
    ctbuh.org/papers Title: The Logic of Luxury 2.0 Author: Carol Willis, President, The Skyscraper Museum Subjects: Building Case Study Economics/Financial History, Theory & Criticism Urban Design Keywords: Slenderness Supertall Zoning Publication Date: 2015 Original Publication: Global Interchanges: Resurgence of the Skyscraper City Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / Carol Willis The Logic of Luxury 2.0 Abstract Carol Willis President This paper recaps the “what and why” of the super-slender type and gives an abbreviated The Skyscraper Museum, illustration of the mechanics of the “logic of luxury.” The second part of the paper considers the New York City, USA impact of the towers on the New York skyline, on streets and parks, and on the broader market for housing. These issues are hot topics in current critical discourse and public debate. Among architectural critics, the towers have few defenders, and civic groups and community boards Carol Willis is the founder and director of The Skyscraper have called meetings to rally against them. While there are serious considerations of how to Museum in NYC and the curator for more than 20 exhibitions. An architectural and urban historian, she is the author of address such issues as significant shadows on treasured public spaces such as Central Park and Form Follows Finance: Skyscrapers and Skylines in New York questions of fairness in tax policy that should be raised, in general, the rhetoric of critics needs and Chicago (1995) and has edited and contributed essays a reality check.
    [Show full text]
  • Stylistic Trends in Multifamily Housing
    Stylistic Trends in Multifamily Housing Being modern means INMANHATTAN, the epitome of high-rise luxury living has long been the always having a choice. so-called prewar apartment building. These high-rises, located along Park Avenue and Central Park West and con- structed prior to the Second World War, are characterized by stone and brick façades, classical or Art Deco detailing inside and out, and formal apartment plans with entrance foyers, separate liv- ing and dining rooms, enclosed kitchens, and staff rooms. Though many apart- ment buildings were built in the ensuing decades, none achieved an equal measure MICHAELYTTERBERG of social status. 8 0 ZELL/LURIEREALESTATECENTER Figure 1: 173 and 176 Perry Street, 165 Figure 2: 15 Central Park West, NewYork Charles Street, NewYork City (Perry City (Zeckendorf Development; Robert A. Street Development Corporation and M. Stern Architects). Alexico Management; Richard Meier & Partners, architects). That changed in 1999, when Richard whether the heyday of the prewar apart- Meier, a Pritzker Prize-winning architect, ment building was over, now that its tradi- was commissioned to build two small tional design had been challenged by the glass, steel and concrete luxury apartment floor-to-ceiling walls of glass. buildings on the west side of Greenwich In the meantime, Robert A. M. Stern, Village facing the Hudson River (Figure another well-known New York architect, 1). 173 and 176 Perry Street (the buildings was designing a series of high-rise apart- were finished in 2002 and a third, 165 ment buildings in the city, taking as his Charles Street, was completed in 2005) model precisely the prewar buildings.
    [Show full text]
  • 1841 Broadway, Suite 1112 New York, NY 10023 212.581.3774 Lincolnsquarebid.Org Clean & Sa F E Fun Beauti F Ul a N N U a L Report 2008–09 W 71St St W 71St St
    1841 Broadway, Suite 1112 New York, NY 10023 212.581.3774 lincolnsquarebid.org UL CLEAN F E F & SA FUN BEAUTI ANNU A L REPORT 2008–09 W 71st St W 71st St Broadway OUR MISSION W 70th St W 70th St The mission of the Lincoln Square Business W 69th St W 69th St Improvement District (BID) is to make Lincoln Square cleaner, safer, and more W 68th St W 68th St beautiful, and to under- take various improvement projects. We focus our W 67th St W 67th St efforts on supplemental Disney / ABC sanitation and security services; the beautifica- W 66th St Richard W 66th St Tucker Park tion of public spaces, MLK Educational malls and parks; and the Campus Broadway W 65th St W 65th St Central Park promotion and marketing of the area’s diverse business and cultural W 64th St W 64th St offerings. The Lincoln Lincoln Center for the Performing Arts Dante Square BID acts as a Park catalyst, working with W 63rd St Damrosch business, community, Park and city partners, to W 62nd St promote positive change Columbus Ave in Lincoln Square. Our Central Park West programs and initiatives W 61st St Fordham University W 61st St are designed to foster tourism and to showcase the rich and varied W 60th St W 60th St resources of this vibrant Upper West Side W 59th St Time Columbus Warner Circle neighborhood. Center John Jay Roosevelt Hospital College W 58th St W 58th St MAY 19, 2009 Dear Friends and Neighbors, he can-do spirit of our indomitable was a success, and will Lincoln Square community sur- be expanded this sum- rounds us.
    [Show full text]
  • New York's First
    110 NEW YORK’S FIRST $100 MILLION APARTMENT IS C OMINGIn a CITy CONSUMEd by lUXURy cONDOM SOONINIUMS, no pRICe Is too hIGh To pAY. As a nEw rOUNd of eND-OF-YEAr bONUSEs hITs bANk aCCOUNTS, Michael Gross REPORTs on tHe rACe to a nINE-FIGUre sALE. 90 orget the gated motor court, the down below sit Louis Kahn’s Franklin D. Roo- private courtyard or the waterfall in sevelt Four Freedoms Park and the UN itself. the lobby and check out the dizzy- The Foster+Partners–designed condomini- ing view from atop 50 United Na- um tower is still under construction; its triplex Ftions Plaza. Manhattan’s Rocky Mountains— penthouse (complete with a 50-foot-long heated the skyscraper tops of the Empire State, the outdoor pool and a Foster-created, one-piece 80 Chrysler, Rockefeller Center and MetLife—all stainless-steel staircase—both hoisted up to the seem close enough to touch. You can see the aerie by crane) doesn’t even have walls yet. But network of bridges connecting the city to the since they will be walls of glass, the views won’t rest of the world; the East and Hudson riv- change once they’re installed. ers; the Statue of Liberty; the new One World What has changed? The asking price. Trade Center. In the distance, airplanes take When 50 UN was topped out in July 2013, 70 off from Kennedy and LaGuardia. And straight two separate apartments—a $55 million duplex 60 50 40 30 The Midtown Manhattan skyline, as seen from 56 Leonard, a 60-story condo by Herzog & de Meuron in New 20 York’s TriBeCa 10 119 and a $45 million full-floor penthouse below it—were the most ex- listings soon followed; the flag had dropped on the race to nine figures.
    [Show full text]