NY nesting News

Finally! The first rendering of 10 Madison Square West is revealed. Developed by the Witkoff Group and designed by Alan Wanzenberg, the rendering shows several significant differences to the building’s current design. The windows on the sides appear to be larger, but the most obvious change is the addition of several floors. Originally, the building had 16 floors and, as previous plans disclosed, the rendering now shows six additional floors. A few years ago, when the development belonged to Tessler Development, plans showed an addition of eight stories.

William Beaver House, located at 15 William Street, is undergoing major changes. First, Rose Associates, the building’s property manager and leasing agent, will no longer continue representing the building. According to The Real Deal, the leasing responsibility has been taken over by Matthew Van Damm of Town Residential, while Cooper Square Realty will assume management of the property.

The city council has unanimously approved a proposal by Young Woo & Associates (YWA) for the redevelopment of Pier 57. The special zoning permit gives them the green light to construct a 170,000 square-foot marketplace made from converted shipping containers called incuboxes. The incuboxes, which measure 160 square feet, are intended to be rented out to retailers for roughly $3,000 a month. Larger spaces ranging from 3,000 to 20,000 square feet will also be up for rent. While leasing for the spaces will begin this fall, applications can be sent in now.

Noho just saw its most expensive listing hit the market. 40 Bond Street has a full-floor condo up for sale for $27 million—and it’s not the penthouse! In fact, it’s on the eighth floor right under the penthouse. A buyer could have 5,364 square feet. The apartment is divided into twelve rooms, which includes four bedrooms, but it has two offices that could probably be converted into more.

Just last week, we reported that Ethan Hawke had sold his Chelsea townhouse, which was listed for $6.25 million. Now we know where the road is heading for Ethan. He just picked up a townhouse in Boerum Hill for $3.9 million, Real Estalker reports. So if he sold his Chelsea townhouse for anywhere near the listing price, he should have a little over $2 million for renovation.

What do you if you have an entire floor, every apartment, unoccupied and up for sale? In Atelier’s case, this scenario just became a reality. An entire floor, all 10,000 square feet, 25 rooms, 10 bathrooms, and 13 bathrooms, was just listed by River 2 River Realty for a price of $85 million.

Apartment 35-S inside 15CPW has been on the market since October of last year, and evidently there’s no buyer in sight. The logical solution? A price cut. The unit, listed with Emily Beare of the Core Group, is the building’s only post-construction combination unit, and it features great eastern, western, and southern views. Nevertheless, there’s still no buyer. Originally listed for $95 million, the price just dropped to $85 million.

158 Mercer Street is experiencing quite the celebrity traffic. Just last week we reported that rock star Jon Bon Jovi threw his 158 Mercer Street penthouse on the market.

The Related Companies, L.P., has sold the Monterey, a large luxury rental tower at 175 East 96th Street, to investor Rubin Schron. The 521-unit building was put on the market in January and received bids ranging between $250 million and $300 million, Bloomberg reports.

Just yesterday SAC Capital’s Steven Cohen listed his One Beacon Court duplex at 151 East 58th street for a record-breaking price of $115 million. Who would expect that only 24 hours later another apartment would roll over that price and surpass it by $10 million? That apartment is the 16-room penthouse of the recently deceased financial expert, Martin Zweig, located at 2 East 61st street inside the famous Pierre hotel.

Noho’s newest condo conversion at 36 Bleecker Street has just launched its teaser website with details, prices, and photos. The building will have 20 two- to four-bedroom loft units priced from approximately $3 million to $25 million.

One part of the building was built in the 1860s and another in the 1880s; it was once home to the Schumacher & Ettlinger printing company.

The JDS Development Group, in partnership with Property Markets Group, originally planned and filed for a 679-foot, 51-story building at 107 West 57th Street. Now it looks like plans have changed. Earlier this week, the partnership bought Steinway Hall at 109 West 57th Street, and it seems that purchase was primarily for the air rights.

The Hudson Yards development is tremendous by any set of standards. It’s America’s largest, densest, and most expensive real-estate development. The project includes four skyscrapers and is ultimately planned to cost $15 billion. For comparison purposes, the rebuilding of Ground Zero will cost $8–$12 billion.

Six-time Grammy award–winning pianist Billy Joel has sold his penthouse at 128 Central Park South for $11.375 million. This massive apartment covers 10,000 square feet and has an astounding 3,000 square foot outdoor space. The view from the terraces is mind-blowing. Looking out over Central Park from this vantage point is what New Yorkers call a multimillion-dollar view. Billy Joel’s agent, Lisa O’Connor, says in awe: “Your jaw drops when the elevator opens.… It’s a real OMG moment.

Baccarat Residences at 20 West 53rd Street went on the market this March with 61 units. Prices vary from $3.5 million for a one-bedroom unit up to $60 million for the penthouse. The average square-foot price for the 61 units is $4,500. Now, the Baccarat has just sold its second apartment, a four-bedroom unit with 4,545 square feet, for an incredible $20.25 million. The first unit contracted, a one-bedroom unit on the 24th floor with 932 square feet, went for $2.7 million.