Each day more than 5 million commuters ride the 209 mile-long subway lines. But in a city as wide as New York, 209 miles is far from being enough. Hence the project for the new 2nd Ave subway track, that will add 8.5 miles. Even if it appears to be a drop in the water the addition will tremendously relieve the 4,5,6 lines.
Every summer, thousands of New Yorkers flee the concrete jungle for a less urban environment. Some choose the Appalachian Mountains of the Catskills or Poconos, while others seek the solitude of Fire Island. The ones who remain, however, find their brief hiatus in Central Park.
Probably the most upscale residential neighborhood in New York city, the Upper East Side is also one of the few that has been able to keep its essence throughout the years. Combining tradition with elegance and charm, it is a haven for families. As it spreads from the East River to Central Park, its residents will never run out of peaceful places to retreat from their upbeat routine.
During much of its development, New York City catered to families by providing comfortable living space in its Upper East Side and Upper West Side neighborhoods. But with recent construction, change is coming to where families will be able to live in the Midtown to Lower Manhattan as developer Tamarkin Co. unveils news that they’re in current development of a condominium located in West Chelsea.
It’s long been a rule of thumb that apartments in Uptown Manhattan, especially those around Central Park, see better asking prices than homes in Downtown Manhattan neighborhoods like Soho, Tribeca and Chelsea. But that rule seems to have been broken now—according to a new report in The Real Deal, the average asking price for a Downtown apartment in the last quarter of 2012 became $2,777 per square foot, nearly $100 more than the price per square foot for a similar unit in Uptown or Midtown Manhattan.
The architectural sensibility that is showcased in the Upper East Side section of New York City is one that is quite unique and hard to find in the other neighborhoods that populate the city. The neighborhood’s prewar charm and elegance is something residents of the Upper East Side hold very dear, which is why even new buildings in the neighborhood are expected to follow more traditional design styles, as opposed to the modernist structures that are cropping up elsewhere in the city.
When it comes to talking about the best neighborhoods to live in New York City, Manhattan’s Upper East Side neighborhood has consistently made an appearance in such discussions. If there was, however, any doubt on the exclusivity, grandeur and richness of the homes in the Upper East Side, then this particular news should serve to dispel any fears to the contrary. In Forbes’ annual list of America’s most expensive zip codes, this classic New York City enclave, with its 10065 zip code boasting a median home price of $6.5 million, has trumped other localities in the country to be called the most expensive neighborhood in America.
Luxury condo sales on Manhattan’s Upper East Side certainly tend to lean on the side of the grandiose. The latest addition to this trend is a co-op turned partial mansion at 828 Fifth Avenue. Of the 9 total apartments that exist within the property, 4 are now on sale for the grand total of 72 million dollars. As a whole, the property would include 2 floors of the co-op, a maisonette duplex, and a penthouse complete with terrace and rooftop. The mansion is billed as potentially one of the greatest pieces of real estate that exists in Manhattan, a title that would live up to the price that this Upper East Side mansion carries.