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JANUARY 12, 2015 MONTHLY REPORT CITYREALTY MONTHLY MARKET REPORT Sales Summary 2-3 Historical Performance 4-7 Notable New Listings 8 This report is a monthly overview of the Co-op and Condo market in Manhattan. Closing data provided lags approximately four weeks from actual closing dates, balancing the timeliness of the Snapshot 9 report with the completeness of the data set for the period and the accuracy of our analysis. 1 CITYREALTY MONTHLY MARKET REPORT January 12, 2015 Summary Most Expensive Sales As 2014 wound to a close, Manhattan apartment prices continued to rise. The average sales price in November, $1.9 million, represented an increase of 6 percent over October’s $1.8 million average. AVERAGE SALES PRICE CONDOS AND CO-OPS $55.5M One57, #81 $1.9 Million 157 West 57th Street 4 Bed, 4.5 Bath The overall number of sales dipped month-to-month, with 843 closings in Approx 6,240 ft2 ($8,894 per ft2) November as compared to 1,076 in October. RESIDENTIAL SALES 843 $1.8B UNITS GROSS SALES The two most expensive condo sales of the month were in the new $34.0M development One57, the first tower on a stretch of West 57th Street that One57, #58A has been dubbed Billionaire’s Row. The most expensive sale was an 81st floor unit with four bedrooms that sold for $55.5 million, while the second- 157 West 57th Street most expensive was an apartment on the 58th floor that sold for $34 4 Bed, 4 Bath million. Approx 6,240 ft2 ($8,486 per ft2) October 30th- November 30th: 399 444 CONDOS SOLD CO-OPS SOLD $33.2M 2 AVG PRICE AVG PRICE/FT AVERAGE PRICE Walker Tower, #PH2 $2.7M $1,696 212 West 18th Street $1.2M 5 Bed, 5.5 Bath Approx 4,641 ft2 ($7,154 per ft2) *CityRealty's Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side. 2 CITYREALTY MONTHLY MARKET REPORT January 12, 2015 Manhattan Condo Sales Summary 90-DAY SALES / PAST 90-Day Total Sales by Region MIDTOWN PRICE AVG* 90 DAYS Beekman/Sutton Place $1,108 / ft2 (-21%) 11 Midtown East $1,464 / ft2 (-8%) 24 15% 2 Upper Midtown West $2,361 / ft (+24%) 80 East Side (143) Murray Hill $1,676 / ft2 (+26%) 80 $345M 36% $1,238 / ft2 (+6%) Downtown (302) Turtle Bay/ United Nations 21 $817M 12% 90-DAY SALES / PAST Upper DOWNTOWN PRICE AVG* 90 DAYS West Side (121) $260M Chelsea $1,722 / ft2 (-4%) 97 East Village $1,653 / ft2 (-2%) 22 Flatiron / Union Square $2,127 / ft2 (-3%) 19 Gramercy Park $1,993 / ft2 (+18%) 52 Greenwich Village $1,911 / ft2 (+12%) 14 Lower East Side $1,147 / ft2 (+5%) 11 Tribeca $1,744 / ft2 (+1%) 62 West Village $2,009 / ft2 (-11%) 11 31% Midtown (216) 6% $690M Financial District / BPC (112) 90-DAY SALES / PAST $135M UPPER WEST SIDE PRICE AVG* 90 DAYS 2 36+6311215 Broadway Corridor $1,418 / ft (-10%) 32 2 Central Park West $1,851 / ft (-20%) 22 2 Lincoln Center $1,658 / ft2 (-4%) 38 2 Avg Price / Ft by Region Riverside Dr. / West End Ave. $1,595 / ft (+1%) 41 $1,750 90-DAY SALES / PAST FINANCIAL DISTRICT / BPC PRICE AVG* 90 DAYS Battery Park City $1,168 / ft2 (+2%) 35 2 $1,500 Financial District $1,291 / ft2 (+9%) 77 $1,250 90-DAY SALES / PAST UPPER EAST SIDE PRICE AVG* 90 DAYS AVG PRICE / FT / PRICE AVG 2 Carnegie Hill $1,789 / ft (-1%) 16 2 $1,000 Lenox Hill $1,511 / ft (-5%) 76 2 Park/Fifth Ave. to 79th St. $2,390 / ft (-16%) 14 Yorkville $1,253 / ft2 (+6%) 32 $750 2011 2012 2013 2014 NOTE: Neighborhoods with less than 10 sales in the past 90 days are not included in this chart. *Percentage changes are calculated over the same period of the previous year. KEY UPPER WEST SIDE DOWNTOWN UPPER EAST SIDE FINANCIAL DISTRICT / BPC MIDTOWN *CityRealty's Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side. 3 CITYREALTY MONTHLY MARKET REPORT January 12, 2015 Historical Performance : Condo Price Trends Since 2004, the average price of Manhattan condos—both new construction and resales—has increased at the rate of 7.6% per year (CAGR), reaching $2,441,498 this year. Ten-Year Annualized Change in Price (CAGR) of All Manhattan Condos * $2.5M $2.0M $1.5M +7.6% SALE PRICE SALE ANNUALIZED (CAGR) $1M $500K 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Includes sponsor sales and resales. Condo Resale Price Growth (CAGR) by Year of Purchase The graph below indicates the Compound Annual Growth Rate (CAGR) for condo resales in Manhattan based on the original purchase year. As expected, the lowest rate over the past 10 years, 3.5%, is seen in purchases at the height of the market, in 2007. By comparison, buyers who purchased in 2013 and resold in 2014 realized a CAGR of 23.6%. 30% 25% 20% 15% % CHANGE % 10% 5% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 FIRST PURCHASE YEAR *CityRealty's Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side. 4 CITYREALTY MONTHLY MARKET REPORT January 12, 2015 Historical Performance : Selected Resales Of the 399 condo sales in Manhattan recorded between Oct. 30th and Nov. 30th, 182 had sold since 2003. The selected resales listed below are grouped according to the years they were initially purchased. The price difference between the sales and the Compound Annual Growth Rate (CAGR) is indicated. SQUARE MOST RECENT BUILDING, UNIT FEET FIRST SALE SALE PRICE CHANGE CAGR % Original Sale Year : 2004 Average CAGR : 6% Zeckendorf Towers, 1 Irving Place, #G22B 1,016 ft² Jan 30, 2004 ($925,000) Nov 03, 2014 ($1,975,000) $1,050,000 (+113.5%) +7.3% The Devon, 333 East 34th Street, #4F 715 ft² Mar 25, 2004 ($354,013) Nov 24, 2014 ($735,000) $380,987 (+107.6%) +7.1% Park West Village, 392 Central Park West, #18E 650 ft² May 14, 2004 ($383,000) Nov 18, 2014 ($650,000) $267,000 (+69.7%) +5.2% Manhattan Valley Towhouses, 110 Manhattan Ave., #46 1,098 ft² Jun 15, 2004 ($718,000) Nov 25, 2014 ($1,150,000) $432,000 (+60.2%) +4.6% Madison Green, 5 East 22nd Street, #14R 634 ft² Jun 17, 2004 ($610,950) Nov 20, 2014 ($1,170,000) $559,050 (+91.5%) +6.4% Andrew, 251 West 98th Street, #3C 1,187 ft² Jun 17, 2004 ($940,000) Nov 20, 2014 ($1,550,000) $610,000 (+64.9%) +4.9% Trump Tower, 721 Fifth Avenue, #32D 1,092 ft² Aug 19, 2004 ($1,250,000) Oct 31, 2014 ($2,600,000) $1,350,000 (+108.0%) +7.5% 111 Wooster Street, #6E 2,038 ft² Sep 09, 2004 ($2,031,408) Oct 31, 2014 ($6,550,000) $4,518,592 (+222.4%) +12.3% Original Sale Year : 2005 Average CAGR : 5% Sutton Manor, 411 East 53rd Street, #5A 720 ft² Feb 10, 2005 ($560,000) Nov 03, 2014 ($720,000) $160,000 (+28.6%) +2.6% The Highpoint, 250 East 40th Street, #20F 883 ft² Feb 14, 2005 ($725,000) Nov 18, 2014 ($985,000) $260,000 (+35.9%) +3.2% The Kingsley, 400 East 70th Street, #1001 767 ft² Mar 23, 2005 ($630,000) Nov 18, 2014 ($925,000) $295,000 (+46.8%) +4.1% Park West Village, 392 Central Park West, #14S 535 ft² Apr 21, 2005 ($379,000) Nov 24, 2014 ($585,000) $206,000 (+54.4%) +4.6% 69 West 106th Street, #5A 650 ft² May 12, 2005 ($560,000) Nov 12, 2014 ($735,000) $175,000 (+31.3%) +2.9% Manhattan Place, 630 First Avenue, #18L 967 ft² May 31, 2005 ($1,020,000) Nov 19, 2014 ($1,240,000) $220,000 (+21.6%) +2.1% 40 Sutton Place, #8D 461 ft² Jun 17, 2005 ($355,000) Nov 03, 2014 ($445,000) $90,000 (+25.4%) +2.5% 358 West 23rd Street, #2D 530 ft² Jul 05, 2005 ($579,000) Nov 17, 2014 ($649,000) $70,000 (+12.1%) +1.2% Original Sale Year : 2006 Average CAGR : 4% 21 East 96th Street, #6 3,000 ft² Mar 08, 2006 ($4,251,193) Nov 24, 2014 ($4,875,000) $623,807 (+14.7%) +1.6% Trump Place, 120 Riverside Boulevard, #14T 1,043 ft² Apr 12, 2006 ($1,192,574) Nov 25, 2014 ($1,600,000) $407,426 (+34.2%) +3.5% 195 Bowery, #5E 1,000 ft² Apr 13, 2006 ($610,950) Nov 20, 2014 ($1,250,000) $639,050 (+104.6%) +8.7% 56 Pine Street, #16E 776 ft² Apr 25, 2006 ($672,045) Nov 26, 2014 ($710,000) $37,955 (+5.6%) +0.6% The Cosmopolitan, 145 East 48th Street, #16G 650 ft² Jun 27, 2006 ($620,000) Nov 03, 2014 ($850,000) $230,000 (+37.1%) +3.9% Downtown Club, 20 West Street, #36A 400 ft² Jul 07, 2006 ($533,869) Nov 20, 2014 ($515,000) -$18,869 (-3.5%) -0.4% Greenwich Place, 120 Greenwich Street, #6H 541 ft² Jul 11, 2006 ($668,114) Nov 18, 2014 ($690,000) $21,886 (+3.3%) +0.4% 455 Main Street, #5B 996 ft² Jul 21, 2006 ($722,500) Nov 14, 2014 ($940,000) $217,500 (+30.1%) +3.2% Original Sale Year : 2007 Average CAGR : 3% Downtown by Starck, 15 Broad Street, #1928 916 ft² Jan 26, 2007 ($488,760) Nov 20, 2014 ($1,055,000) $566,240 (+115.9%) +10.4% 754 East 6th Street, #2A 970 ft² Apr 17, 2007 ($885,000) Nov 14, 2014 ($995,000) $110,000 (+12.4%) +1.6% Cocoa Exchange, 1 Wall Street Court, #206 367 ft² Apr 20, 2007 ($404,586) Nov 14, 2014 ($439,700) $35,114 (+8.7%) +1.1% The Centria, 18 West 48th Street, #9B 840 ft² Apr 24, 2007 ($1,039,838) Nov 17, 2014 ($1,338,888) $299,050 (+28.8%) +3.4% The Cove Club, 2 South End Avenue, #6D 735 ft² May 15, 2007 ($490,000) Nov 24, 2014 ($505,000) $15,000 (+3.1%) +0.4% Milan, 300 East 55th Street, #3F 1,121 ft² May 18, 2007 ($1,170,000) Nov 25, 2014 ($1,400,000) $230,000 (+19.7%) +2.4% 155 East 38th Street, #3G 1,250 ft² Jun 01, 2007 ($1,160,000) Nov 04, 2014 ($1,069,163) -$90,837 (-7.8%) -1.1% Five Nine John Lofts, 59 John Street, #3E 956 ft² Jun 11, 2007 ($855,330) Nov 12, 2014 ($986,000) $130,670 (+15.3%) +1.9% Original Sale Year : 2008 Average CAGR : 5% Onyx Chelsea, 261 West 28th Street, #PHB 1,812 ft² Jan 23, 2008 ($2,800,187) Nov 20, 2014 ($4,000,000) $1,199,813 (+42.8%) +5.4% Veneto, 250 East 53rd Street, #1202 1,350 ft² Jan 24, 2008 ($1,635,000) Nov 17, 2014 ($2,375,000) $740,000 (+45.3%) +5.7% South Star, 80 John Street,
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    PHOENIX HOUSE FOUNDATION ORAL HISTORY PROJECT The Reminiscences of Mitchell S. Rosenthal Columbia Center for Oral History Columbia University 2014 - 2015 PREFACE The following oral history is the result of a recorded interview with Mitchell Rosenthal conducted by Sue Kaplan on June 11, 26, and July 10, 2014, and by Caitlin Bertin-Mahieux on February 19 and April 15, 2015. This interview is part of the Phoenix House Foundation Oral History Project. The reader is asked to bear in mind that s/he is reading a verbatim transcript of the spoken word, rather than written prose. Rosenthal – Session 1 – 3 Audio Transcription Center Session #1 Interviewee: Mitchell Rosenthal Location: New York, NY Interviewer: Sue Kaplan Date: June 11, 2014 Q: This is Sue Kaplan, interviewing Dr. Mitch [Mitchell S.] Rosenthal at Phoenix House on June 11th, 2014. I wanted to start by asking, back in the mists of time, about your childhood. Where you grew up and what that environment was like. I know you came from a family of doctors. If you could talk a little bit about where that all began and some of the influences that shaped you and your professional life much later. Rosenthal: As a psychiatrist, an analytically-oriented psychiatrist, I appreciate the question. I was born in Brooklyn, but really grew up in Queens. I think we were out of Brooklyn early enough that I have no recollection of living in Brooklyn, or even in the first home in Queens. The house that I remember was a house I basically lived in from childhood until I went away to college.
  • Guide to the Department of Buildings Architectural Drawings and Plans for Lower Manhattan, Circa 1866-1978 Collection No

    Guide to the Department of Buildings Architectural Drawings and Plans for Lower Manhattan, Circa 1866-1978 Collection No

    NEW YORK CITY MUNICIPAL ARCHIVES 31 CHAMBERS ST., NEW YORK, NY 10007 Guide to the Department of Buildings architectural drawings and plans for Lower Manhattan, circa 1866-1978 Collection No. REC 0074 Processing, description, and rehousing by the Rolled Building Plans Project Team (2018-ongoing): Amy Stecher, Porscha Williams Fuller, David Mathurin, Clare Manias, Cynthia Brenwall. Finding aid written by Amy Stecher in May 2020. NYC Municipal Archives Guide to the Department of Buildings architectural drawings and plans for Lower Manhattan, circa 1866-1978 1 NYC Municipal Archives Guide to the Department of Buildings architectural drawings and plans for Lower Manhattan, circa 1866-1978 Summary Record Group: RG 025: Department of Buildings Title of the Collection: Department of Buildings architectural drawings and plans for Lower Manhattan Creator(s): Manhattan (New York, N.Y.). Bureau of Buildings; Manhattan (New York, N.Y.). Department of Buildings; New York (N.Y.). Department of Buildings; New York (N.Y.). Department of Housing and Buildings; New York (N.Y.). Department for the Survey and Inspection of Buildings; New York (N.Y.). Fire Department. Bureau of Inspection of Buildings; New York (N.Y.). Tenement House Department Date: circa 1866-1978 Abstract: The Department of Buildings requires the filing of applications and supporting material for permits to construct or alter buildings in New York City. This collection contains the plans and drawings filed with the Department of Buildings between 1866-1978, for the buildings on all 958 blocks of Lower Manhattan, from the Battery to 34th Street, as well as a small quantity of material for blocks outside that area.