Archive for Central Park

Aug
05

In the News August 4, 2013

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08/01/13  A Beach Comes to Lower Manhattan:  City Council Speaker and mayoral candidate Christine Quinn, along with Manhattan Borough President and city comptroller candidate Scott Stringer, introduced a plan Thursday to turn an unused parcel of land on the East River in Lower Manhattan into a beach, complete with sand, seating and waterfront views.   See the full article at GlobeSt.com 

08/01/13  Central Park Conservancy Releases Ladybugs to Fight Off Garden Pests:  The Central Park Conservancy recently released approximately 140,000 Asian Ladybugs into some of its gardens to help fight some unwanted pests. – See more at NY 1

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Apr
16

In the News April 12, 2013

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4/2/13  The Year of the Frustrated Buyer Awaits Manhattan Real Estate Market:  Without a lot of apartments for sale right now, signs are pointing to a seller’s market in Manhattan, some real estate experts said. See the full article at DNAinfo.com   

4/5/13  City to put out more RFPs for micro-apartments:  The city will be putting out more requests for proposals for micro-apartment sites, the New York Observer reported. “We are considering RFPs for two or three micro-unit developments later this year.  See the full article at The Real Deal 

4/11/13  Central park Playground to Get $1.2M Makeover:  Starting in July, the Central Park Conservancy  will begin a project to fully remake a playground in the park, located at the East 79th and Fifth Avenue “to ensure accessibility for all park visitors”.  See the full article at DNAinfo.com   

4/15/13  Proposed UES medical complex wooing community with park renovation:  A proposed million-square-foot medical and college complex on the Upper East Side is gaining community support with a promise to build new park space in the neighborhood. People are increasingly rallying behind the project due to its pledge to overhaul Andrew Haswell Green Park between 59th Street and 63rd Street on the river   See the full article at The Real Deal

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Feb
17

In the News February 17, 2013

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 1/14/13  The Pricing Puzzle:  How much is that Central Park view really worth?  In a year full of eye-popping luxury listings — in the second half of 2012, four homes hit the market asking at least $90 million — pricing a New York City apartment can seem increasingly subjective.    See the full article at the Real  Deal .

2/4/13  Despite real estate ties, Ed Koch was lifetime renter:  Despite having been a force in real estate, the late former Mayor Ed Koch never personally owned a piece of New York City.    See the full article at TheRealDeal.com

2/5/13 Douglas Elliman releases Manhattan Townhouse Decade Report:  The Manhattan townhouse market had the most sales since the market peaked in 2007 and activity has been rising for the past three years. Prices remained stable over past year, as they have been during the past four. The market has tightened over the past year as listing inventory fell and marketing times are now faster on average than during the boom. The townhouse market has continued to perform well and we look forward to another active year in 2013.  See the full report at Elliman.com   

2/5/13 UES residents deterred from use of privately owned public spaces, new study finds:  A majority of the Upper East Side’s privately owned public spaces, or POPS, discourage public use, new research from Hunter College’s urban planning institute reported by DNAinfo shows.  See the full article at TheRealDeal.com 

2/6/13  NYC Remains bargain among top world cities:  New York may feel like a squeeze for all but the city’s top earners, but compared to other major world metropolises, the five boroughs are still a relative bargain.  Read the full article at TheRealDeal.com

2/13/13 New Housing Legislation levels the playing field:  Last month the New York State Legislature passed an important piece of housing legislation called the Omnibus Housing Bill.  Signed into law by Governor Andrew Cuomo on February 5, the bill renews the coop/condo abatement and J-51 programs as well as amends certain provisions for the 421a program.  See the full article from REBNY on Facebook.com.

Jun
26

Putting a Price Tag on Views of Central Park

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A new report  from PropertyShark.com finds that the price of a typical apartment sold in buildings that border New York’s Central Park was more than double than that for for apartments in surrounding neighborhoods last year.

The price difference is even greater for co-ops on the park with those prices three times higher along the parks than in co-ops in surrounding neighborhoods, the largest reported since 2008.

Living close to the park is something that nearly every homebuyer wishes for, but the waterfront and nearby neighborhoods may eventually reduce the premium paid for shelter on park-lined blocks.

The report found that median apartment sales price was 1.85 million last year compared to $850k in the surrounding ZIP codes which includes most of the Upper East and West sides, which works out to a 118% premium.

Similarly, the median co-op price was $2.4 million compared with $795k for the surrounding ZIP codes, making a 202% premium for Central Park Properties.  The premium was 233% in 2008 when the sale of more expensive properties intensified.

New York real estate is very local, with prices and status varying from building to building.  One great advantage to owning on  Central Park:  no new buildings will be built in front of your building.  But one doesn’t need to live on Central Park to take advantage of the view; some of the priciest sales often have a view of Central Park as well.

From Wall Street Journal article by Josh Barbanel

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Oct
24

Central Park: Seasons On The Terrace

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Central Park is one of the most important works of art in America. And for 30 years, the Central Park Conservancy has worked to maintain this living masterpiece and enhance the public’s enjoyment of its visionary design. What better way to celebrate the Park’s success than with a stunning art installation befitting of New York City’s premier museum without walls?

Narrated by Kevin Bacon this incredible marriage of art and technology takes you through a year in the life of Central Park. With musical selections from Sting’s Symphonicities, this digital artwork lets Central Park admirers from around the globe enjoy its colorful spring blooms, green summer lawns, rust-colored fall foliage and snowy winter landscapes – all without traveling an inch. Originally projected onto Bethesda Terrace during a live event on October 13, Seasons is making its online debut today.

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