Why Are The Tracks Of The Times Square-Grand Central Shuttle Curved?

At the platform of the Times Square-Grand Central shuttle, a train track is hidden in plain sight. At both ends of the two-station line, tracks are numbered 1, 3 and 4, with no Track 2 to be found. As the New York Times explained, Track 2 once ran in its appropriate spot, between Tracks 1 and 3, but was taken out of operation nearly 100 years ago. After an attempt to expand the original 1904 line turned to major confusion for commuters, transit officials covered Track 2 with wooden flooring to make it easier for New Yorkers to walk to the new tracks.

The City Hall station under construction, via Wikimedia

When the subway first opened on October 27, 1904, the original line opened with the beautiful, now shuttered, City Hall station. It ran from that station, which sat underneath City Hall Park, to 145th Street in Harlem in about 15 minutes. The city’s first official subway consisted of just a single line with 28 stations.

On this line, southbound trains made a sharp turn east around 44th Street and Broadway and beneath 42nd Street before turning south underneath Park Avenue. This explains the abrupt, curved tracks you might notice at the Times Square shuttle. This middle segment, known as the “Z” system due to its shape, came to be after a court ruled that building directly down Broadway to City Hall would be too expensive.

In the subway’s first few years of existence, the Times Square-42nd Street station only serviced local stops. At the time, Track 2 trains ran downtown express trains, never stopping at the Times Square station. As the city’s population grew, so did the need for a larger transit system. The city planned two expansions from the original line, with one continuing south from Times Square under Seventh Avenue and one moving north from Grand Central, under Lexington Avenue. Known as the “H” system, the newly expanded line opened on August 1, 1918.

Riders were immediately confused by the new configuration. With so many commuters following their old commute, huge crowds formed on the shuttle platforms. One day later, officials suspended shuttle service.


While officials almost totally shut down the shuttle, they ultimately decided to fix it instead. Signs were improved, passageways were added and Track 3 became an additional track for the shuttle.  Track 2 ended up being covered with wood to let commuters walk across to the new track.  After these fixes, the shuttle opened again without issues.

Remnants of Track 2 can still be seen today. In the tunnel between the two stations, it becomes clear where the missing track should be. As the Times writes, “The void is obvious, and somewhat bizarre–as if someone simply forgot to lay down rails.”

[Via NY Times]

115 Fourth Avenue, Unit 6D


115 Fourth Avenue, Unit 6D

GREENWICH VILLAGE, MANHATTAN

Loft |  1 Bath | Condo

Offered At $1,050,000

CC: $1,376/mo.  |  Taxes: $798/mo.  |   24hr Doorman  |  Roof Deck


 

This incredibly chic, beautifully renovated one-bedroom loft features abundant natural light, fantastic finishes and superb amenities in a prime East Village location just blocks from Union Square.

With soaring ceilings and a wide expanse of south-facing windows, this beautiful loft is drenched in sunlight. The gracious foyer with roomy closet ushers guests to the impeccably equipped open kitchen where granite countertops and copious custom hardwood cabinetry surround top-of-the-line stainless steel appliances, including a gas range, wine refrigerator and dishwasher. The oversized great room, paved in stunning oak hardwood, provides ample space for living and dining areas, while an elegantly curved staircase leads to the roomy sleeping loft above. A dressing area with large closet and in-unit Bosch washer and dryer conveniently attends to wardrobe needs, and the adjacent sleek bathroom impresses with a glass-enclosed limestone shower with bench and stainless steel-topped vanity.

The Petersfield is a beautifully maintained, pet-friendly condominium building with 24-hour doorman service, gym and a landscaped common roof deck with spectacular views. Perfectly situated at the intersection of the East Village and Greenwich Village, a stone's throw from Gramercy Park and Union Square, the building is surrounded by the absolute best of Manhattan living. Head to the renowned Union Square greenmarket, Trader Joe's or Whole Foods to find the makings of a perfect meal, or enjoy dining at local favorites like Villanelle, Tocqueville and Veselka. Enjoy abundant transportation options with L, 4/5/6 and N/R/Q/W trains just minutes away.

The Monthly Update - November 2017

How we can help you outside of NYC: A Note About Referrals

I would like to take time this month to switch up our typical Monthly Update. Instead, let's talk about the power of our referral partnerships.

Need advice on a tricky transaction or know someone moving to Boise, Idaho? Call us! We’ve referred quality agents from downtown San Francisco to Madrid, Spain, and everywhere in between.  All over the globe, we’ve built relationships with brokerage companies and agents who assist our clients, whether they are buying, selling, renting or investing. And, we have a 100 percent success rate in our referrals.

Buyers have found their dream homes and vacation properties all over the world, and sellers have found the best of the best in their specific locale using our professional referral system.  Need a summer rental in the Hamptons, or perhaps Bali? Call us. We will help. And with Compass’ goal of 20 new cities by 2020, our national reach will be even greater and stronger over the coming years.

To our out-of towners:  No price point is too small (or too big) for us to help you or your friends. You might think we are big, scary Manhattan brokers who won’t want to help but we do and we can! Our successes are found in the smallest towns and the biggest cities, so use us for all your real estate needs, whether close to home or far, far away.


- A Quick Ditty about the Market -

More and more, we are in a real estate market in transition. I’ve seen other brokers' updates declaring that our city’s market is officially a buyers' market now, and it’s tough to argue against it. There are always exceptions or glimmers of hope to every market. A bidding war here or a property there going into contract in 10 days, but overall, it’s a tougher landscape than in recent years.

Price used to be the ultimate marketing tool and barometer for whether you were going to sell quickly or not. But today, even if you follow all the clues from past sales and comps, and release the property exactly where all the numbers suggest you should, the market (and buyers) might still resist making an offer or even calling to see to the property. It’s been extremely frustrating for sellers, and even some buyers seem surprised at the uncertain energy that is permeating the market right now.

My advice? Stay the course. Pay attention to the numbers and be patient. There are still a lot of positive outcomes for properties marketed, priced and positioned properly.


Subway Platform Doors Pilot Slated For L train Station

By Vincent Barone   vin.barone@amny.com October 24, 2017


The MTA will test platform doors on the Third Avenue station along the L line following months of advocacy from board members and experts.

“We’re in the design planning stages and working to overcome structural challenges for a small platform screen doors pilot at the Third Avenue Station along the L line,” said an MTA spokesman in a statement.

The agency had no further details, like what materials the doors will be made of, or whether they would stretch from the platform to the ceiling. It’s also unclear when such a pilot would start, though the Third Avenue station is one that will be closed during the L train shutdown, which begins in April of 2019.

Platform doors are fairly common among other transit agencies, which use them for improved safety and track cleanliness. MTA board members — most vocally Charles Moerdler — as well as organizations like the Regional Plan Association, have pushed the agency to bring the feature to New York.

“It’s a marvelous opportunity to test their value in providing an important additional measure of safety and crowd control while helping to limit the fire hazard of refuse on the tracks,” said Moerdler in an email. “It proves as well that persistence pays off when sound ideas are offered to advance the interests of the riding public.”

The MTA has been historically unreceptive to a widespread roll out of platform doors. It had argued in the past that, given the age of the system and its lack of uniformity among stations and train cars, installation would be costly.

The MTA on Tuesday outlined four main obstacles in the way of installing platform doors: space for an equipment room; curved tracks at stations; obstructions, such as columns, within five feet of the platform edge and adequate power. The Third Avenue station was selected because it presents few of those challenges for a pilot, according to the agency.

Yonah Freemark, a transportation blogger who has written about the benefits of platform doors, said that other old systems in cities like Paris have been able to install doors, including at curved stations, and that the feature has allowed for trains to pull into stations faster.

He also offered a few other clues for the MTA’s testing choice. L train cars are all the same model and the line features automated signaling, which should allow for easy alignment between the train and the platform doors, he said.

“Generally, [platform doors] are an important element of making the system safer and more effective, especially in stations where the subway lines have been upgraded from a signal perspective,” Freemark said. “The MTA can coordinate the signals with the doors to make sure that they open appropriately and the train stops in place. It’s something that’s not possible among all lines at the moment.”

Luxury Apartments Are Spending An Alarming Number Of Days On Market

Total Weekly Asking Price Sales Volume: $163,340,000
Average Asking Price: $7,424,545
Median Asking Price: $6,247,500
Average Discount from Original Ask to Last Asking Price: 14%
Average Days on Market: 525
*Condop is a co-op with condo rules.


The luxury market had another solid week with 22 contracts signed at $4 million and above, according to Olshan Realty’s luxury market report. But one metric should give developers and brokers cause for concern: the number of days on the market has climbed to more than 14 months over the past year.

Contracts signed in September and October spent an average of 447 days on the market, a roughly 30 percent jump over the average of 346 days a year ago, according to Olshan.

The priciest contract of the week went to a penthouse at the Greenwich Lane condo owned by Heather Kerzner, the ex-wife of South African billionaire hotel mogul Sol Kerzner.

The 4,317-square-foot duplex condo had an asking price of $19.9 million, down from the $22.5 million it had been asking when it hit the market in June. Kerzner bought unit PH7A in 2014 for $18.8 million.

The Plaza Hotel recorded the second-priciest contract of the week: a 2,656-square-foot condo with a 29-foot living room facing Central Park that was asking $15 million. Unit 1601 had been asking $18.3 million when it hit the market in April before taking a steep price chop.

“The seller is motivated to transact,” listing broker Howard Morrel of Engel & Volkers told The Real Deal in July. “There are a few properties for sale at the building and we want to be in line with the market.”

The total weekly sales volume for luxury contracts stood at $163.3 million, with a median asking price of $6.2 million. The average discount from the original asking price was 14 percent. [Olshan] – Rich Bockmann

De Blasio Unveils Five-Point Plan To Reduce Congestion

Mayor Bill de Blasio announced on Sunday a five-point plan designed to ease congestion in the city’s busiest neighborhoods. The program, called “Clear Lanes,” includes a series of initiatives like creating new moving lanes in Midtown, clearing curbs during rush hour and expanding NYPD enforcement of block-the-box violations. Beginning in January, in addition to the heavily congested Midtown, rush-hour deliveries will be banned during a six-month test run on Roosevelt Avenue in Queens and Flatbush Avenue in Brooklyn (h/t New York Times).

In Midtown, the city plans on creating continuous curb moving lanes at 11 key crosstown streets and allowing deliveries for one side of the street. The NYPD will double the number of Traffic Enforcement Agents from 40 to 80 in this area and will focus on moving and parking violations, double parking and off-route trucks. The city said it will reform its double parking and other curb regulations to make them easier for drivers to understand and for officers to enforce.

As part of a six-month pilot program beginning in January, the city will ban curbside loading on both sides of the street during peak hours, 7 am to 10 am and 4 pm to 7 pm. The corridors to be tested include Manhattan in the zone bounded by Sixth Avenue, Madison Avenue, 45th Street and 50th Street, in Queens along Roosevelt Avenue and Broadway to 108th Street, and in Brooklyn, along Flatbush Avenue and stretching between Grand Army Plaza and Tillary Street.

De Blasio said the city’s growing population and economic vitality, while positive, is putting a strain on the already crowded street network. “New Yorkers have been telling me loud and clear about the quality-of-life problems created by traffic where they live and work,” the mayor said. “With a targeted effort to help clear travel lanes, delivery zones, intersections and highways, these initiatives will address these concerns head-on, using established and new tools that will keep our City moving, from midtown to all of our neighborhoods.”

The city will also increase efforts against cars that “block-the-box,” which happens when drivers do not leave enough space for pedestrians to safely cross intersections. In addition to increasing NYPD enforcement at 50 key intersections across five boroughs, the city’s Department of Transportation (DOT) will install special block-the-box markings and update signage to make drivers more aware of the restrictions.

Outside of Manhattan, Clear Lanes will address highly congested commercial districts like Downtown Flushing, the North Shore of Staten Island, Hunts Point and Downtown Jamaica. DOT will also evaluate data to find the most/ least congested, slowest/fastest, unreliable/reliable locations across the city.

In collaboration with state and local transportation agencies, the plan will make highway traffic part of its focus, especially on the Cross Bronx and Staten Island Expressways. The city will test measures like placing traffic lights at exits and stationing emergency vehicles along the routes.

This summer, Governor Andrew Cuomo said he plans on releasing a congestion pricing planas a way to provide a dedicated source of funding for the MTA and as a way to reduce traffic. Following the governor’s announcement, de Blasio said he doesn’t believe in a congestion pricing plan, seeing it as hurtful toward low-income New Yorkers. Instead, the mayor revealed a plan that would tax the wealthiest 1 percent of residents to pay for the subway’s much-needed repairs. His so-called “millionaires tax” must be approved by Albany to be enacted, something that many say is unlikely due to the state Senate’s GOP majority.

Come See Dylan @ EAST MEETS WEST 2017 | October 25th

What

The 3rd Annual East Meets West Real Estate Connect

Where

The Westin New York Grand Central

Where

The Westin New York Grand Central


Join us for our 3rd Annual East Meets West Real Estate Connect.  Hear industry experts share their insights on the state of market.  An all day conference packed with Residential and Commercial panels, breakfast and lunch keynote sessions.  In between sessions will be coffee breaks with networking opportunities.  This is an event you don't want to miss!


PROGRAM


9:00 - 10:30 AM

Keynote Breakfast

Norman Sturner, founding Principal of MHP Real Estate Services


11:00 - 11:50 AM

Know Current Market Data to Win (Residential)

Moderator: Ace Watanasuparp (Citizens Bank, N.A.)

Speakers:  Jonathan Miller (Miller Samuels), Noah Rosenblatt (Urbandigs)


State of the Development Market (Commercial)

Speakers: Jacky He (DMG Investments), Michael Kazmierski (Kaufman Organization), 

Joe Yiu (Elm Tree Funds), Laura Rapaport (L&L Holding Company) 


12:10 - 1:00 PM

Expand Your Business in Transitional Market (Residential)

Moderator: Henry Shih (Citibank)

Speakers: Deana Kory (Corcoran), Cathy Taub (Sotheby's), Dylan Hoffman (Compas)


State of the Investment Sales Market (Commercial)

Speakers: David Schwartz (Sugar Hill Real Estate), Helen Hwang (Meridian Capital), 

Andrew Chung (Innovo Property Group), Mark Gordon (Intrinsic Hotel Capital), 

Piyush Bhardwaj (CoInvestment Partners)


1:15 - 2:45 PM

Keynote Luncheon (ticketed event)

Robert Knakal, Chairman - New York Investment Sales, Cushman & Wakefield

Lifetime Achievement Award Ceremony


3:00 - 3:50 PM

 Power of Technology in Real Estate (Residential)

Speakers: David Walker (Triplemint), Sherry Chris (BHGRE), Leonard Steinberg (Compass)


State of Capital Markets in Various Asset Class (Commercial)

Moderator: Wendi Li of Zeichner Ellman & Krause LLP

Speakers: Peter Chong (Building and Land Technology), Caroline Mahl (Wellsfargo), Ed Petti (CCRE), Min Shin (Luna Advisors)


4:10 - 5:00 PM

Asian American Investors (Residential)

Moderator: Bruce Feffer (Hartmann Doherty Rosa Berman & Bulbulia)

Speakers: Raj Rajpal (Wells Fargo), Nikki Field (Sotheby's), Fred Huang (Prudential)


Highlighted Project Case Study (Commercial)

TBA... 


5:30 - 8:30 PM

Cocktail Networking Event, Docks Oyster Bar and Grill, 633 3rd Ave, NYC


* Schedule subject to change without notice

The 50 Most Expensive Neighborhoods In New York City

Taking the top spot from Tribeca for the first time in a long time, the Flatiron District now ranks as the most expensive neighborhood in New York City, according to data compiled by Property Shark. In its latest report looking at the residential market during the third quarter of 2017, the group lists the 50 priciest neighborhoods in the city, with the usual upscale ‘hoods like TriBeCa, Central Park South and Hudson Square rounding out the top tier (h/t Time Out NY). In another plot twist, Red Hook has become Brooklyn’s most expensive neighborhood this quarter–overthrowing DUMBO–with a median sale price of $1.92 million in Q3.

After coming in second in Q2, the Flatiron District became the priciest neighborhood with a median sale price of $4,399,375, a 220 percent increase from this time last year. According to the report, the big jump in growth can be linked to the 39 pricey condos sold at 41-43 East 22nd Street, where prices of units ranged from $2.6 million to $9.4 million. Median sale prices in Tribeca dropped by 9 percent and saw only 70 total transactions closed.

Central Park South comes in third thanks to just four transactions that took place at ONE57at 157 West 57th Street. In quarter three, it’s median sale price grew by 103 percent to $3,395,000. In Brooklyn, Red Hook ranks eighth on the list, becoming the priciest neighborhood in the borough for Q3. Including DUMBO, which comes in 10th, the borough accounts for 21 of the top 50 areas on the list. Neighborhoods like Brooklyn Heights, Cobble Hill, Columbia Street Waterfront District, Gowanus and Carroll Gardens made the top 20.

While no Queens neighborhoods ranked in the top ten, the borough’s nine ‘hoods on the list all witnessed an annual increase in median sale prices. These include Belle Harbor at #27, Hunters Point at #32 and Ditmars-Steinway at #42. In Douglaston, prices impressively rose by 45 percent year-over-year.

The data was calculated by looking at the median sale prices on residential property sales between July 1 and Sept. 30 of this year. These properties include single-family homes, condos and co-ops.

GM Will Bring Self-Driving Cars To NYC In 2018

General Motors will bring a fleet of self-driving cars to a 5-square-mile section of lower Manhattan early next year, becoming the first company to deploy autonomous cars in New York City. As the Wall Street Journal learned, in partnership with driverless-car developer Cruise Automation, GM’s testing will include an engineer in the driver’s seat to monitor the performance and a second person in the passenger seat. In May, Governor Andrew Cuomo and the state began accepting applications from companies interested in autonomous technologies in New York. GM and Cruise’s planned testing will become the first time Level 4 autonomous vehicles will be tested in NYC, getting a head start on making the Big Apple a hub for self-driving cars.

GM’s Cruise Automation has tested more than 100 self-driving cars in other places, but its performance in San Fransisco has laid the groundwork for its work in New York City. Both cities are highly congested with a lot of potentially challenging driving situations, like bad weather or aggressive drivers. These hurdles are expected to improve the technology at a much faster rate than if tested in most other places.

In a press release, Cuomo said driverless cars have the potential to save both time and lives. He added, “The spirit of innovation is what defines New York, and we are positioned on the forefront of this emerging industry that has the potential to be the next great technological advance that moves our economy and moves us forward.”

The Department of Motor Vehicles and the State Police will work with GM and Cruise to ensure the vehicles meet safety standards. As a result of talk surrounding GM’s driverless technology, the company’s shares have surged more than 25 percent in two months.

Critics worry the transition to autonomous vehicles will threaten the jobs of thousands of the city’s cab drivers when humans are displaced by this technology. As 6sqft previously covered, shared driverless vehicles could account for a quarter of all miles driven in the United States by 2030. Because New Yorkers own fewer vehicles than residents in any other U.S. city, it’s the current biggest market for ride-hail services and is now becoming the best area for companies to explore this new technology.

General Motors will bring a fleet of self-driving cars to a 5-square-mile section of lower Manhattan early next year, becoming the first company to deploy autonomous cars in New York City. As the Wall Street Journal learned, in partnership with driverless-car developer Cruise Automation, GM’s testing will include an engineer in the driver’s seat to monitor the performance and a second person in the passenger seat. In May, Governor Andrew Cuomo and the state began accepting applications from companies interested in autonomous technologies in New York. GM and Cruise’s planned testing will become the first time Level 4 autonomous vehicles will be tested in NYC, getting a head start on making the Big Apple a hub for self-driving cars.

GM’s Cruise Automation has tested more than 100 self-driving cars in other places, but its performance in San Fransisco has laid the groundwork for its work in New York City. Both cities are highly congested with a lot of potentially challenging driving situations, like bad weather or aggressive drivers. These hurdles are expected to improve the technology at a much faster rate than if tested in most other places.

In a press release, Cuomo said driverless cars have the potential to save both time and lives. He added, “The spirit of innovation is what defines New York, and we are positioned on the forefront of this emerging industry that has the potential to be the next great technological advance that moves our economy and moves us forward.”

The Department of Motor Vehicles and the State Police will work with GM and Cruise to ensure the vehicles meet safety standards. As a result of talk surrounding GM’s driverless technology, the company’s shares have surged more than 25 percent in two months.

Critics worry the transition to autonomous vehicles will threaten the jobs of thousands of the city’s cab drivers when humans are displaced by this technology. As 6sqft previously covered, shared driverless vehicles could account for a quarter of all miles driven in the United States by 2030. Because New Yorkers own fewer vehicles than residents in any other U.S. city, it’s the current biggest market for ride-hail services and is now becoming the best area for companies to explore this new technology.

1485 Fifth Avenue, Unit 18A/19A


1485 Fifth Avenue, Unit 18A/19A

HARLEM, MANHATTAN

3.5 Beds|  2.5 Baths|  Deeded Private Parking Spot

Offered At $2,695,000

CC: $1,767/mo.  |  Taxes: $24/mo.  |  Condo|  24hr Doorman  |  Roof Deck, Pool, Gym & Garage 


 

Make the Manhattan skyline your everyday backdrop in this stunning three-bedroom plus an office, two-and-a-half bathroom high-floor duplex in the perfect Harlem location, parking included!

This gorgeous duplex in the sky offers the ultimate in indoor-outdoor living thanks to 2,237-square-feet of bright living spaces surrounded by a 1,205-square-foot true wraparound terrace. With picture-perfect views north and west, over Marcus Garvey Park and stretching all the way to the George Washington Bridge, beautiful vistas follow you from room to room. Arrive at the lower level and take in the stunning corner great room where lavish living and dining spaces are separated by the striking open spiral staircase and lined in pergola-covered, landscaped outdoor space. The windowed, renovated open kitchen is sheer sunny perfection with Italian cabinetry and Caesarstone countertops surrounding a BlueStar stove, Wolf drawer microwave and recirculating fan, Sub-Zero 36-inch refrigerator, Bosch dishwasher and 50-bottle wine fridge.

Head upstairs to find serene and private sleeping quarters, including a tranquil master suite boasting three enviable closets and an en suite bathroom with an extra-large shower tub and modern fixtures. Two nearly identically sized bedrooms are situated at the opposite end of this level, each with wide windows, large closets and direct access to the home's second well-appointed bathroom. A convenient in-unit washer-dryer is situated on this floor, while the fourth bedroom/home office on the lower level is outfitted with a smart Murphy bed and built-ins.

A long list of updates and conveniences make this home a delight to live in: LED lighting inside and out with smart lighting controls downstairs; remote controlled solar shades; indoor/outdoor recessed surround speakers; CAT 5 and cable outlets in every room; plus, built-ins, new doors, trim and hardware. This home includes one deeded parking space in the building's on-site garage.

5th on the Park, located at the corner of 120th Street, is a soaring 28-story luxury glass tower with a near-endless list of amenities, including 24-hour attended lobby, heated indoor lap pool and sundeck, resident lounge with catering kitchen, flat screen TV, free Wi-Fi and furnished outdoor space with gas grills, valet parking garage, children's playroom and state of the art fitness center. A 25-year 421A tax abatement is in effect until 2035. Set directly across from Marcus Garvey Park, just 10 blocks from Central Park, this home is surrounded by open space. The great classic restaurants of Harlem — Red Rooster, Sylvia's and Amy Ruth's — are nearby as well as many new up and coming ones such as Barawine, Sexy Taco, Chaiwalli, Sottocasa Pizza, to name just a few. There is great shopping along 125th Street, including the new Harlem Whole Foods, Bed Bath and Beyond, H&M and many others. Transportation is a breeze with 2/3 and 4/5/6 subway trains, plus the 125 Street Metro North station, blocks away.

Jack's Wife Freda Opening 3rd Outpost in Chelsea

CHELSEA — Popular American-Mediterranean restaurant Jack’s Wife Freda is bringing its peri-peri chicken and shakshuka to Eighth Avenue.

The “lively all-day bistro,” which serves up breakfast, lunch and dinner at its outposts in the West Village and SoHo, plans to open a third restaurant at 116 Eighth Ave., at the corner of West 16th Street, co-owner Dean Jankelowitz told DNAinfo New York.

The first Jack’s Wife Freda, which Jankelowitz and his wife opened on Lafayette Street in 2012, was named for his grandparents Freda and Jack, who met in South Africa in the 1930s, he explained.

“Freda was an amazingly gracious host,” he said, adding that her hospitality was “something magnificent." “It was a great inspiration to lean on as we started moving forward and developing.”

The new eatery will serve many of the items found on the other spots' menus, including its popular peri-peri chicken, several brunch items and salads, Jankelowitz said.

Brunch dishes include a sandwich with duck prosciutto, cheddar bechamel, gruyere and a sunny-side up egg; and shakshuka made with tomatillo, baked eggs and challah toast.

Cocktails, wine and beer will be on its drinks menu, pending liquor license approval.

The restaurant, which is moving into the space formerly occupied by Mary Ann's, is expected to open next year, Jankelowitz noted.

“What I’m hoping is for a very similar sort of ambience [as] at the other two locations — just very friendly, very inviting, welcoming,” he said. “We’re very excited to be in a new neighborhood.”

200 East 57th Street, Unit 14G


200 East 57th Street, Unit 14G

MIDTOWN EAST, MANHATTAN

1Bed  |  1.5 Bath

Offered At $1,625,000

Maintenance: $3,029 /mo.  |  Co-op  |  24hr Doorman  |  Roof Deck, Gym & Garage 


 

Flooded with sunlight thanks to floor-to-ceiling windows and two large private terraces, this stunning one-bedroom, one-and-a-half-bathroom home is the epitome of chic indoor-outdoor living on coveted Billionaire's Row.

Literally no detail was spared in the beautiful renovation of this 1,300-square-foot high-floor showplace. Arrive in the light and bright home, and be swept away by the 25-foot-wide Nanawall folding glass doors that open the entire great room to an 828-square-foot terrace. Providing a seamless flow between indoors and outdoors, the home is a dream for those with a passion for entertaining. Indoors, wide-plank imported Italian flooring underscores the crisp clean lines of the generous living and dining areas, while the sleek black-and-white open kitchen offers a full complement of stainless steel appliances and convenient breakfast bar seating. Outdoors, pavers and turf welcome al fresco dining and relaxation, and tall planter boxes provide lush greenery and privacy while Midtown views dance in the background.

If 828 square feet of outdoor space isn't enough, the serene bedroom suite offers a separate private terrace of its own. The en suite bathroom is awash in gorgeous marble and features radiant heated floors, a huge walk-in steam shower and a large trough sink vanity, while two large closets – one a fully fitted walk-in — easily attends to wardrobe needs. An in-unit washer-dryer, powder room off the living room and a huge foyer closet provide added convenience in this stylish postwar co-op home.

200 East 57th Street is a pet-friendly, full-service, building offering full-time doorman and concierge service, resident manager, live-in superintendent, updated common areas, a fitness center, planted roof deck, private storage, bike storage and parking garage. ALL utilities plus basic cable and internet included in maintenance. Perfectly situated at the corner of 57th Street and Third Avenue in Sutton Place, with immediate access to the Upper East Side and Midtown East, New York's best shops, services, nightlife and restaurants surround on all sides. There's a Whole Foods Market just down the block, the world-renowned Madison Avenue and 57th Street shopping corridors are minutes away, and Rockefeller Center and Radio City Music Hall provide unlimited entertainment options. Subway access is superb with 4/5/6, N/Q/R/W, E/M and F service nearby.

Thomas Heatherwick’s 150-Foot Climbable ‘Vessel’ Hits Halfway Mark At Hudson Yards

In April, construction began on Hudson Yards’ Vessel, a 150-foot-tall steel structure designed by Heatherwick Studio and its 100,000 pound-components were put in place by crane. The $200 million “public landmark” began to rise in August and now the structure’s construction has hit its halfway mark. The project’s idea comes from Related Companies’ chairman Stephen Ross, who called it the “365-day Christmas tree.” The climbable Vessel will be the centerpiece of the Public Square and Gardens, five-acres of greenery that will connect the buildings of Hudson Yards. The structure includes 154 geometric-lattice linked flights of stairs, 80 landings and will able to hold 1,000 visitors.

After being fabricated and constructed in Italy, the first ten pieces of bronzed concrete and steel arrived in January at the Port of Newark on a ship and then traveled across the Hudson River.

And then in August, more of the massive structure arrived at Hudson Yards. Plans for the Vessel dated back to 2013 after Related’s Ross announced his $100 million budget. He predicted the interactive centerpiece to be the city’s next major landmark, calling it “New York’s Eiffel Tower.”

Officially midway through its completion, the rise of the Vessel can be seen best from the High Line and Hudson Park and Boulevard and West 34th Street. Construction is expected to wrap up at the end of this year, officially opening to the public next fall.

The development of Hudson Yards continues to progress daily. As 6sqft previously covered, the 910-foot-tall tower at 15 Hudson Yards, which overlooks the Vessel, has put its first 15 apartments on the market. The skyscraper’s priciest condo includes the penthouse #88B, which is asking $32 million and spans 5,161 square feet.

595 West End Avenue, Unit 3D


595 West End Avenue, Unit 3D

UPPER WEST SIDE, MANHATTAN

1 Bed |   1 Bath  |   Condo

Offered At $875,000

Common Charges:  $1,117/ mo.   |    Taxes: $504/mo.   |    Doorman   


 

Set on stately West End Avenue in the heart of the Upper West Side, this fabulous pre-war quiet one-bedroom home is filled with charming modern details and fine finishes. 

You'll appreciate this home's spacious comfort and refined elegance the moment you set eyes on the wide-plank hardwood floors, dramatic beamed ceilings and fantastic molding that encircles the expansive great room. In the neighboring windowed chef's kitchen, long granite counters and a breakfast bar sets a chic tone alongside a full complement of GE Profile stainless steel appliances, including a gas range, dishwasher, built-in microwave also a washer and dryer. The tranquil bedroom impresses with its large footprint, while the renovated en suite bathroom features chrome Kohler fixtures, Bianca Carrara floors, tall built-in storage and a Zuma soaking tub. With classic details and modern updates, this home is the definition of Upper West Side prewar glamour. 

Built in 1922, 595 West End Avenue is a brown brick and limestone condominium in the Neo-Renaissance style. The pet-friendly, elevator building offers full-time doorman service, live-in superintendent, laundry, storage and bike room. Set on the corner of 89th Street, this home is at the center of the Riverside-West End Historic District and surrounded by delightful architecture on all sides. Sprawling Riverside Park, itself a scenic landmark, is just seconds from your front door, and Central Park sits less than a half-mile east. The renowned dining, nightlife and gourmet shopping of the Upper West Side are moments away, and access to transportation is excellent with 1/2/3, B and C trains and abundant bus service nearby.

The History Of New York’s Railroad Apartments

Apartments comprised of a series of directly connected rooms—without a hallway—are a common feature of the New York City housing market. Generally, this layout is described as a “railroad apartment.” It is important to note, however, that depending on where you are in the United States, the “railroad” may, in fact, refer to a very different type of layout—namely, an apartment with a series of rooms connected by one long hallway. Indeed, in many other U.S. cities, “shot-gun apartment” is the more commonly used term for an apartment where rooms are connected without a hallway, and in some cities, these apartments are also described as “floor-through apartments.”

Whatever you call them, the layout nearly always comes with its share of pros and cons. At their best, this apartment layout offers considerably more space at a lower cost than a conventional layout and desirable pre-war details. At their worse, this layout offers nothing but a dark and dank space that can be especially awkward when shared by roommates rather than couples.

The history of the railroad apartment

Like many other peculiar apartment features in New York City—for example, showers and bathtubs in kitchens—the railroad apartment arose out of necessity, not design inspiration. Most notably, these apartments were constructed as a convenient way to create the most living space possible on narrow city lots at a time when the demand for housing was extremely high. Unfortunately, when most railroad apartments were constructed in the mid to late nineteenth century, there were also few building regulations. This meant that elements one typically takes for granted—for example, adequate light, air circulation, and privacy—were never part of the design.

Anyone who has lived in a railroad can attest to the fact that no matter what you do to bring these apartments up to modern standards, they often continue to carry forward at least some of the problems that faced tenants in New York in the late-nineteenth century. This no doubt explains why everyone from interior designers or sociologists continue to depict the railroad in generally negative terms.

In her 2000 book, interior designer Alexandra Stoddard concludes, “Railroad apartments violate the attributes of human scale and proportion.” As she explains, “Though railroad flats are large in terms of square feet, their proportions are extremely awkward—they are much too long for the width.”

In a memoir released earlier this year, sociologist Thomas J. Gorman describes his own experience of growing up in a railroad apartment: “Railroads apartments offer absolutely no privacy. Someone could stand on one side of the apartment (my parents’ bedroom) and look through my parents’ bedroom and the living room (which my parents called the “parlor”) and into the dining room…Maybe someone thought that the layout, and its lack of privacy, was a way for the working class to practice birth control.”

But are railroad apartments really all that bad? 

The pros and cons of renting a railroad apartment

When it comes to space, railroad apartments nearly always have more to offer. First, given their awkward layout, these apartments tend to be priced at a lower dollar per square foot than other types of apartments. Second, by eliminating hallways, one naturally ends up with more generously sized rooms. In a city where every square foot counts, this can make a significant difference.

Another notable feature of railroad apartments is their pre-war details. Indeed, many of these apartments still have attractive details ranging from original moldings to pocket doors to fireplaces—features that usually come at a much higher price tag (to discover just how charming a railroad apartment explore this East Village co-op). But once again, if you’re not “railroading” with your intimate other, the layout is rarely a perfect match.

Chris and Felicity share a railroad apartment in Greenpoint. The friends met at the Fashion Institute of Technology and when they moved off campus, they were lucky enough to take over a lease from the longstanding tenant who had locked into 2006 prices. In this case, the owner did not raise the rent, which means the roommates now pay just over $1000 per month each for more than 1000 square feet. But the apartment is still not perfect.

“Felicity took the big room at the front, which is fine since she has a lot of stuff,” says Chris, “But she lets me borrow it when my boyfriend comes over.”

Felicity explains, “It’s not ideal, but Chris was so sweet to give me the larger room, so if he has a night guest, well, it’s just less awkward if we just switch rooms, which is a bit weird, but that’s just the way it is. I really don’t need to be stumbling through his bedroom when he has a guy over at night.”

Both roommates emphasize that despite this odd arrangement, they love their apartment. As Chris explains, “We have a living room, a large dining area, and a separate kitchen—we can actually host dinner parties, which is something most of our friends can’t do, though I’m not sure I could live like this with anyone other than Felicity.”

Two Bridges Tower Developer Promises Flood Protections

LOWER EAST SIDE — A pair of low-income waterfront residences hit by Hurricane Sandy will get flood barriers to mitigate future storms if a controversial mixed-income skyscraper is allowed to rise next door.

Two Bridges Tower at 82 Rutgers Slip and a neighboring building for seniors at 80 Rutgers Slip would both receive the barrier if JDS Development Group's 77-story tower is approved, said Alexa Sewell, chief executive of Settlement Housing Fund, which manages both sites in partnership with the Two Bridges Neighborhood Council.

The two nonprofits have agreed to sell the buildings' air rights to JDS to facilitate the construction of the 600-unit project on a neighboring parcel. In return, pending the city's approval of the skyscraper, the developer has pledged to bring a handful of resiliency upgrades to both buildings, though the property owner themselves will have to fund some of the efforts.

JDS would pay to construct the flood barrier at 80 Rutgers Slip and then contribute to the cost of extending it to cover the building at 82 Rutgers Slip, a rep for the developer said.

The developer would also move mechanical equipment at the senior building to the second floor, out of reach of future floodwaters, and would bring an emergency power backup system to the building for the first time, JDS spokeswoman Susan Ainsworth said.

When Sandy hit, the first floor of Two Bridges Tower was flooded with up to 4 feet of water, damaging electrical wiring and building infrastructure, as well as knocking the elevators out of order for some time, according to tenant leader Trever Holland, who noted 80 Rutgers Slip suffered relatively minor damage by comparison. 

The resiliency work is not yet a "done deal," noted Sewell, as JDS is still awaiting approval from the Department of City Planning to build on the site. That application is being considered in conjunction with two other massive developments proposed within the same three blocks.

The planned developments have been vehemently opposed by tenants of the existing towers, activists and local politicians, and concerned local groups recently threatened legal action against the city if the towers are approved.

But if the city gives the green light, work on the resiliency upgrades will begin once JDS kicks off construction on its tower, tentatively planned for next year.

The Settlement Housing Fund is also seeking a loan from the city's Department of Housing Preservation and Development to bring emergency generators and sewer backflow preventers to Two Bridges Tower, Sewell explained. She hopes to secure that loan within the coming months. 

The upgrades, which hinge on the approval of city agencies, come years after the property owner failed to apply for funds through the city's Build it Back program, whose deadline was Oct. 31, 2013.

That program has reaped substantial rewards for other low-income developments. Most recently, Knickerbocker Village scored $33.5 million for a host of resiliency upgrades scheduled for the next two years.

Sewell was unable to address the missed deadline, noting it passed before she took over as the group's chief executive.

Last Week's Big Closings

A high floor and high hopes at the Ritz-Carlton

This week's biggest closing was the entire 33rd floor of the Residences at the Ritz-Carlton at 50 Central Park South. The sellers were co-chairman of Oaktree Capital Howard Marks and his wife, Nancy, who bought the 4,500 square-foot pad in 2007 for $18.8 million, and have been trying to sell it since 2012, when they listed it for $50 million. The apartment sold this week for $25M. Find out where else the week's biggest-ticket buys were, below.

The Residences at the Ritz Carlton, 50 Central Park South - Apt #33. Sold Sep 7. Image: Corcoran Group


4 Bedrooms | 4.5 Bathrooms
This week's biggest closing was the entire 33rd floor of the Residences at the Ritz-Carlton at 50 Central Park South. The sellers were co-chairman of Oaktree Capital Howard Marks and his wife, Nancy, who bought the 4,500 square-foot pad in 2007 for $18.8 million and have been trying to sell it since 2012, when they listed it for $50 million. The apartment sold this week for $25M. Perhaps breathtaking Central Park and city views, a private guest suite and access to Ritz-Carlton amenities like a health club, the La Prairie Spa, a club lounge and more don't count for quite as much as they once did.

221 West 77th Street - #16. Sold Sep 1, 2017. Image: Stribling.


5 Bedrooms | 4.5 Bathrooms
This private, full-floor 3,300-square-foot apartment has a terrace, five bedrooms, open city views, a custom kitchen handmade in England by Smallbone of Devizes–and just about anything else a buyer could wish for. The building offers a mind-boggling menu of amenities including a basketball court, a fitness center, a paneled library with a pool table, an exquisite roof deck with a gas fire pit and parking.

One Beacon Court, 151 East 58th Street - Apt #44B. Sold Aug 28, 2017. Image: Corcoran Group


3 Bedrooms | 3.5 Bathrooms
For views in every direction, this high-floor 2,669-square-foot corner aerie is hard to beat. Interior finishes have been selected by deigner Jaques Grange, including an eat-in gourmet Poggenpohl kitchen and a laundry room. The full-service condominium offers a private motor courtyard for vehicles, a 24-hour doorman, a concierge, a fitness center, a playroom, valet parking and more.

ESPN Will Open First NYC Studios In South Street Seaport’s Pier 17

ESPN EVP for content Connor Schell described the new facility as a “state of-the-art content factory that will allow us to produced differentiated studio content for both television and digital.” The Disney-owned ESPN already has offices in Manhattan. The new space will be comprised of three studios–two for TV and one for radio. The usually dark pier was lit bright red Monday night in honor of ESPN in a one-night-only display.

Set to open in March or April, the new facility will be the pier’s first tenant to open. Other businesses scheduled to be part of a rollout of offerings at the pier will include restaurants by Jean-Georges Vongerichten and David Chang on the first floor, mezzanine and roof , scheduled to open next summer.

As 6sft previously reported, additional projects moving forward at the seaport include the relocation and redevelopment of the historic Tin Building which will house a massive Vongerichten-branded seafood market whose opening will kick off an official grand opening for the complex, although the rest of the Seaport will be open before the Tin Building’s completion in early 2020.

Hughes leases the Seaport and surrounding historic district properties from the city. The company took it over in 2010 after the entertainment district run the Rouse Company and General Growth Properties floundered.

In addition to a highly-anticipated entertainment, shopping and recreational addition to the East River waterfront, Pier 17 also offers about 150,000 square feet of office space–including the ESPN studio.

Mary Ann Tighe of CBRE, who was tapped to market the space, said, “In one of the city’s most historic districts, full of real cobblestone character, there is now a small amount of 21st century office space on offer. There’s nothing else like it in Manhattan, so I’m not surprised that ESPN decided to make it their New York studio center.”

Luxury Contracts Creep Up To 20.

Along with the $51 million penthouse at 160 Leroy Street, Manhattan properties over $10 million had a pretty good showing last week, according to Olshan Realty’s luxury market report.

Twenty units asking $4 million and up went into contract during the week of October 2 through 8, and five of the 20 were asking above $10 million. According to Olshan, the total weekly asking price sales volume as $214.8 million, the highest since May. Meanwhile, the week’s average asking price was $10.7 million, with an average discount of 4 percent. The average marketing time was 280 days.

The No. 1 contract was Penthouse N at Ian Schrager’s 160 Leroy Street, asking $51 million (up from $48.5 million.)  The condo was originally part of a larger, $80 million penthouse that Schrager split into two. At 7,750 square feet, Penthouse N is the larger of the two, and it has a massive 4,944-square-foot rooftop terrace with an outdoor kitchen and 27-foot pool.

The No. 2 contract was a 14th-floor condo at 15 Central Park West asking $31.5 million, down from the original price of $38 million in March.

The seller paid $21.3 million for the 4,170-square-foot apartment in 2007.

 [Olshan] — E.B. Solomont

MTA Begins Testing Of New Subway Fare System

With the goal of eventually phasing out the use of MetroCards in the New York City subway system, the MTA has begun the testing phase of a mobile device scanning and payment system. Untapped Cities reports that the first trials of a new mobile fare system are being installed at points where Metro-North commuters transfer to the subway, as an expansion of the Metro-North and Long Island Rail Road’s eTix app. At specific stations, riders can make the transfer with turnstiles fitted with scanners that allow them to swipe their phones. The new turnstiles have already been installed in the Bowling Green and Wall Street Stations in lower Manhattan for a test run; the expansion is a pilot for the eventual phasing out of MetroCards altogether.

The cards, which replaced the token system in the 1990s, are becoming increasingly obsolete as many cities have adopted modern payment options via apps or bank cards. Using the updated payment methods eliminates the cumbersome drawbacks of cards such as the dreaded “please swipe again” notice at turnstiles. 6sqft has reported on plans to bring the subway’s payment system into the future, including Gov. Cuomo’s vows to install contactless payment by 2018.

Nick Sifuentes, Executive Director at the Tri-State Transportation Campaign, explained to AM New York that the MetroCard has “outlived its usefulness. Cities from London to Los Angeles are definitely, at this point, ahead of the MTA in terms of fare technology and it’s good that we’re thinking of how to catch up.”

According to NY1 MTA officials hope to make it clear that the new payment system is only a test, and that the methods eventually adopted may be different from those being tested (NY1 also offers video of the new scanners in action). The new mobile scanners will be installed in 14 stations city-wide, including Penn Station, Grand Central, the 14th Street-7th Avenue station and the Atlantic Avenue-Barclays Center station, before the year’s end.