New York City Real Estate Blog Archives for December 2010

Chelsea Lately: The High Line Is Expanding, And Chelsea Condos Are Cheering


Chelsea Condos for SaleWe’ve not been shy, in the past, about either our crush on Chelsea’s High Line or pointing out the huge boost that the beloved, beautiful Chelsea park has given apartments listings near The High Line. If you're just joining us, though, here's what you need to know: for Chelsea condo listings, proximity to The High Line has led to a spike in both value and demand. The good news, both for those browsing Chelsea condo listings in hopes of getting within hailing distance of NYC's tallest, hottest park and those of us who simply enjoy visiting the aforementioned park, is that The High Line keeps growing. Which means that the number of apartment listings near The High Line keeps growing as well. The sound you are hearing are Chelsea real estate developers and Chelsea apartment hunters high-fiving one another. With news -- and pictures -- of the ongoing High Line expansion reaching the New York Times yesterday, you may have to fight the urge to high-five yourself. It’s not easy for us, either.

What Can Prosciutto Do For You? Murray Hill Condos, Mario Batali and "The Eataly Bump"

Eatily and Murray Hill CondosWe've written several times in the past about NoMad, which is the not-so-convincing but also not-so-bad name given to the rising neighborhood on the fringes of Murray Hill and Gramercy Park. We wrote about NoMad not because we're lovers of real estate conjuncto-neologisms -- although, of course, who isn't? -- but because it's actually a really interesting young neighborhood, and home to a couple of very promising luxury condo listings in Twenty 9th Park Madison and Sky House. More importantly, though, NoMad has a real buzz about it, thanks in large part to destination hangouts like Ace Hotel. To say that Eataly, the blockbuster new Mario Batali-helmed Italian food emporium, has become one of NoMad's signature landmarks is a huge understatement. Eataly, in just a few short months in business, has helped make NoMad one of Manhattan's hottest food neighborhoods -- and boosted this sub-neighborhood's fortunes even higher. Especially among those of us who enjoy prosciutto.

One Healthy Beaver: William Beaver House Bailed Out, Back On Track

William Beaver House in Manhattan During the boom years of the last decade, a host of new construction condos (and an impressive number of pre-war condo conversions, such as the Cipriani Club Residences) sprang up in the Financial District. What these new Financial District condo listings had in common -- besides locations in what is, for your blogger's money, the most interesting-looking neighborhood in Manhattan -- was a certain youthful, high-energy vibe. During the boomingest of the boom years, this meant that FiDi condo listings such as Be@William functioned as well-amenitized dorms for high-earning twentysomethings. But as the economy has cooled, the Financial District has grown up into a very different and much cooler place to live. After a recent infusion of cash that amounted to a soft transfer of ownership, it looks like William Beaver House -- a New Construction Manhattan favorite and one of the superstar Financial District apartment listings of the previous decade -- will get a shot to mature along with the neighborhood it helped put on the map.

Sales Spike On 4-Bedroom Manhattan Apartments... Or Do They?

4 bedroom Manhattan condos for saleTrue or not, it has the force of conventional wisdom -- "it" being the belief that larger families are better off buying a house in the suburbs than buying a multi-bedroom Manhattan condo. There are obvious enough reasons why this might be true -- larger Manhattan apartments also tend to be higher-priced Manhattan apartments; kids love lawns; there's no such thing as a co-op board in Westchester; some people just really want to live in Connecticut for whatever reason. But sometimes this sort of received wisdom is not actually terribly wise, or terribly true. Is there any reason why larger families shouldn't be shopping for a four-bedroom Manhattan apartment instead of taking their burgeoning families to another area code?

Open House: Upper West Side Luxury Condo Apthorp Opens Up, And Wins

The Agthorp, one of Manhattans most desired pieces of real estate

There's a reason why The Apthorp comes up so often here at the New Construction Manhattan blog -- the Upper West Side pre-war condo conversion is a beautiful building even by the high standards for Upper West Side apartment listings, and the apartments for sale at The Apthorp are routinely among the most sought-after condo listings on our site. But there's also another reason why The Apthorp is all over the NCM blog -- it's great copy, and has been the subject of a truly epic series of controversies and low-intensity semi-scandals. That -- well, that and the fact that we seldom cover broker-related drama in the Manhattan real estate world -- is why we didn't make a big deal about it when The Apthorp dropped Prudential Douglas Elliman as its sales and marketing agent back in October.