Real Estate News from February 2013

  • Elegran Completes Record Setting Rental Deal By Ryan Daley | February 28, 2013

      February 28, 2013 -- In one of the biggest rental deals of 2013, Elegran Real Estate and Development has recently finalized a year-long agreement on a 2770 sq ft, 3 bedroom, 3 bath penthouse. The penthouse has 3 terraces, plus a private roof deck with Jacuzzi and rents for $30,000 a month. "I'm excited to get this rental agreement completed and I am looking forward to continuing success in the rest of 2013." said Elegran Broker Nick Agostinelli. The penthouse was not publicly listed.

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  • Proposed Queens MLS Stadium Meets Opposition By Tim Sheehan | February 28, 2013

    While the “first look” photos of the proposed Queens Major League Soccer stadium might not be official, MLS wants a team playing in New York City by 2016. Early renderings of the stadium by SHoP Architects were released to the internet and caused a stir on the blogosphere, but MLS reports that the drawings do not represent what the stadium will look like. Regardless, the project appears to have kicked off, which could very well result in another new stadium in the City.

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  • What Do These Mayoral Hopefuls Mean for New York City Real Estate? By Tim Sheehan | February 26, 2013

    Though we’re only two months through 2013, November’s mayoral elections are beginning to take shape. While nothing is set in stone just yet, frontrunners in both the Republican and Democratic parties have emerged in a race that is sure to affect New York City’s complex real estate market.

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  • Chelsea: A Manhattan Neighborhood That “Has It All” By Aby Thomas | February 26, 2013

    From art galleries to coffee bars, fashion boutiques to dance clubs, fine restaurants to beautiful parks—you name it, Chelsea has it. Chelsea is one Manhattan neighborhood that truly seems to “have it all.” Now, Fairways, the popular Brooklyn-based grocery store, will become the latest addition to this vibrant neighborhood, with the iconic food market setting up shop soon at the base of the Chelsea Landmark, a 33-story luxury apartment building located at 55 West 25th Street.

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  • 100 Years and 792 Feet: The Woolworth Building By Janna Allen | February 25, 2013

    A hundred years ago, the world's tallest building was constructed in Lower Manhattan. On April 24th, 1913 a building was raised to 792 feet, towering over the city with an air like European Gothic cathedrals. Yet there was something more majestic about this building, as it was infused with the more modern architecture of that time which we’ve come to know and admire. Located on 233 Broadway, the Woolworth Building still stands today, and although its towering height was surpassed by the Trump Building in 1930, it’s Gothic design is still an aspect to marvel at.

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  • Host your own Oscars viewing party By Aby Thomas | February 22, 2013

    On Sunday night, New Yorkers, much like the rest of the world, will be glued to their television sets watching the 85th installment of the Academy Awards. Hosting an Oscars viewing party will therefore be a great way to get all your friends together and have a jolly good time watching the ceremony—from gawking at what the stars will be wearing, to debating whether Robert De Niro could score his third Oscar win, watching the Academy Awards with your friends promises to a fun, exciting affair.

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  • East Village Luxury Condos Coming to Site of Old Jefferson Theatre By Tim Sheehan | February 21, 2013

    The East Village will soon be home to The Jefferson condominiums, which will offer 83 new luxury units at 211 East 13th Street. A poster outside the long vacant site is using its history as a vaudeville theatre to appeal to potential buyers, but its desirable East Village location alone is a reason to take notice to these luxury condominiums.

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  • An Overview of NYC Green Initiatives By Thomas Faddegon | February 20, 2013

    Last week, Mayor Bloomberg unveiled the latest of his environmental initiatives. A new wave of efforts has begun, signaling an infrastructural overhaul.

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  • Rekindling The Old South Ferry Station Flame By Janna Allen | February 19, 2013

    It was all so simple. You’d walk off the Staten Island Ferry, be herded through the terminal, shuffle down a few flights of stairs and find yourself at the 1 train. More times than none, a train would be there, waiting for commuters to board. If not, you’d wait no more than five minutes for one to come screeching down the tracks.

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  • 100 Norfolk Street’s Architecture Stirs Debate By Aby Thomas | February 19, 2013

    Love them or hate them, but you just can’t ignore the striking architectural styles that are being used in the design of new buildings in New York City. Gone are the days when the city’s blocks would be filled with rectangular buildings that were virtually identical in their construction. Today, architects are intent on creating structures that stand out from the rest; bold, abstract designs are in vogue, and a building’s non-conformity with the neighborhood it is in is usually billed as one of its most appealing characteristics—its USP, as some would call it.

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