Articles on New York City Skyline

Manhattan's Growing Skyline

In wake of One57, West 57th Street is becoming the hotspot for residential development. With its ideal location to Central Park, it’s no surprise that developers are choosing this area for construction. There seems to be other factors as well, drawing people to this previously desolate site. The location of West 57th street is part of a special Midtown zoning district with no height restrictions. With that freedom, developers are taking their projects to new heights which means fantastic views of Central Park and the river, and wealthier buyers.

Pricing for 432 Park Avenue’s Views, Volume and Value

© dbox for CIM Group & Macklowe Properties

432 Park Avenue aims for $2.47 billion appraisal When complete in April 2015, 432 Park Avenue will exceed One57’s height by almost 400 feet, but it is also in the running to compete for another sky-high title: the epic price tags on 147 units which appraisers have valued at a total of $2.47 billion. Developers Harry Macklowe and Los Angeles based CIM Group and architect Rafael Viñoly are certainly faced with a project of brave proportions. Harry Macklowe is hardly known for being risk averse, but after a series of well-timed deals amidst current condo-buying frenzy, 432 Park Avenue will soon be at the top of the NYC real estate world.

Manhattan Luxury Living Hits New Heights: Literally And Figuratively

Manhattan skyline at night

There are some lucky New Yorkers who wake up every morning with the feeling of being on top of the world—literally. These are the residents of the amazingly high apartments in several luxury residential buildings around the city who are guaranteed both stunning views and amazing lifestyles. While Manhattan has always been known for its ridiculously tall skyscrapers, the city’s high-rises have become much more prolific now thanks to the fact that these buildings are now offering homes to live in. A case in point would be the historic Woolworth Building in Lower Manhattan, which has traditionally hosted office spaces on its top floors but will now soon be offering luxury homes in those enviable spaces.

The Old Boom Reverberates: New York Times Salutes The Beautiful Condominiums of Last Decade's Manhattan Real Estate Boom

Manhattan Condos from the last decadeIt seems like we spend all our time here at the New Construction Manhattan blog sussing out the shape and size and seriousness of the ongoing Manhattan real estate recovery. Which, you know, is reasonable enough of us, given that this is a blog about NYC condos and Manhattan real estate and such. But this fine-grain focus on the present -- and attendant anxiousness to find positive indications for the future in the still-anxious present-day state of Manhattan real estate -- can sometimes limit our perspective somewhat. Not just as regards the recovery, and the search for omens and signs indicating the existence thereof, but to the basic elements of Manhattan real estate itself. All the more reason to enjoy architecture critic Jayne Merkel's piece in the New York Times on the one objective lasting benefit of the last Manhttan real estate boom -- the addition of numerous beautiful and architecturally distinguished new construction luxury condos to the Manhattan skyline. That we have many of those NYC condo listings here at New Construction Manhattan is probably worth mentioning, too, but... anyway, let's get to Merkel.

The Price Elevator: Just How Much Do NYC Condo Prices Rise Alongside Floor Numbers?

NYC Condo Prices Alongside Floor NumberThere are various reasons why condo prices generally go up the higher the elevator climbs -- Manhattan views, distance from Manhattan street noise, Manhattan views, generous helpings of natural light, and Manhattan views. But while it's generally accepted that NYC condos climb in price by floor level, the question of just when the prices go up -- and just where -- is one that's a bit less clear. In The Real Deal, Matthew Strozier does his best to crack the code of NYC condo prices by floor. What he found will... actually probably not surprise you all that much if you've ever paid much attention to Manhattan real estate. But it is interesting to see what Strozier came up with.