The development rights-rich lot located on the northwest corner of 69th and Amsterdam, vacated in recent years by Lincoln Square Synagogue to move to its brand new digs down the street, has found a buyer. SJP Properties and Mitsui Fudosan have partnered to develop the lot into a 600-foot-high luxury residential condominium tower of nearly 400,000 square feet. How tall is 600 feet do you ask? For some...
Only in Manhattan does a building's usage history read orphanage to school to convent to super luxury condos. And that is part of the beauty of this place. Old gorgeous buildings whose original uses are no longer appropriate for the location due to the changing neighborhood (like the once thriving manufacturing buildings in Tribeca and Soho) are being constantly reinvented to support new uses that...
If you are anything like me, and immediately hit the power button on the bottom-right corner of taxi TVs within seconds of beginning your ride, risking contamination by the germs left by the countless others who have done the same thing in order to avoid this blaring annoyance, this cannot come soon enough! It's not as if these programs themselves are particularly annoying, it's that the taxi...
Although prices are still at historic highs, it's a good time to be a Brooklyn brownstone buyer. I recently read an article about the prices of Brooklyn Brownstone listings surging dramatically. I think you will find it interesting. Article can be found here. About Digs: Digs Realty is a full-service residential brokerage company specializing in home purchases and sales in New York City....
Supply and demand are at work! I hope that the development in Downtown Brooklyn actually creates the vibrant street life that is so needed to sustain neighborhood growth, weaving together the enormous area - stretching from the bridges to the Barclays - which is currently bisected by some pretty imposing avenues. Developers should do themselves a favor and make people want to live there for reasons other...
I recently found and read an interesting article of the co-op ecosystem in NYC and beyond, and thought our readers and clients would find it interesting, too. Here's the gist of it: small co-ops can be collapsed through the acquisition of a supermajority of shares, while holdout shareholders are forced to go along with the developer's conversion plans. Article can be found here. About...