Exploring New York City Real Estate News

Exploring New York City Real Estate News

From celebrity real estate to new developments and updates on those developments that have been in the works for sometime, there is plenty of New York City real estate news to explore this month.

Former Will Smith Rental Hits the Market

A 3,600-square-foot, full-floor renovated Noho apartment formerly rented by Will Smith has been put on the market for $12.9 million. Located at 25 Bond street, the three-bedroom, 3.5-bathroom condo has changed quite a bit since the star rented it for $85,000 per month. Some of the home’s features spa-like bathrooms, leather walls, a huge master dressing room, a laundry room with a Miele washer and dryer, built-in Sonos system, a private keyed elevator and electric shades. The home also boasts a chef’s kitchen with a custom 13-foot copper island, custom walnut cabinetry, built-in stainless steel appliances and two wine refrigerators.

Central Park Tower Continues to Grow

Central Park Tower, which will become the tallest residential tower in the western hemisphere once it is completed, continues to move forward toward completion. Designed by Adrian Smith + Gordon Gill Architecture and developed by Extell, the 1,550-foot skyscraper will house Nordstrom in its first seven floors. The Men’s Store will also be housed in building in the spring of 2018 while the Women’s Store is scheduled to open in the building in the fall of 2019.

Chris Rock Lists Clinton Hill Home for $3.85 Million

Comedian Chris Rock has listed his Clinton Hill carriage house, which he purchased in the 1990s, on the market for $3.85 million. The star has been renting the property out for $8,000 per month, but has recently listed the two-bedroom home on the market. Over the years, rock has completed a number of renovations on the home, which was built at the turn of the 20th century. These include adding new appliances and central air while still holding on to the original wood beams and exposed brick. The home also comes with a patio and a two-car garage.

Boerum Hill Condos Hit the Market

A 13-condo development by Barret Design & Development has replaced a group of low-rise stores that were once located along Brooklyn’s Third Avenue. Known as 8 Saint Marks Place, the building boasts units ranging in price from $1.495 million to $2.41 million. Some of the features found in the units include natural stone countertops, read oak plank floors, white oak cabinets, Bosch in-unit washers and dryers, porcelain tile in the bathrooms and private elevator access. The building itself features a molded brick façade, staggered windows and a common roof deck. Several of the apartments also feature terraces.

Vinegar Hill Mixed-Income Building Obtains City Approval

With its tight zoning, the tiny neighborhood of Vinegar Hill does not regularly see new development. Nonetheless, a mixed-income building proposed for 251 Front Street has gained approval from the New York City Planning Commission. Currently home to a parking lot, the site will ultimately feature a 72,000-square-foot building with 72 units. 18 of these units are to be earmarked as permanently affordable at 60 percent of the median income for the area. The development will also feature a 27-car parking garage.