There are certain inexorable laws of nature that every building in New York City must abide by. For instance, the taller your building—and the higher your personal residence within it, well: We've already seen the layouts for some of the lower full-floor apartments in superscraper 432 Park Avenue, but this unit, which takes up the entire 92nd floor, is the highest apartment in the building to be listed so far. It follows logically that it also has the highest price — $79.5 million. (The 87th-floor penthouse was listed for $74.5 million last month, but the listing was removed for unknown reason four days ago.) Unit no. 92 has all [...]
Sure, it was a "legendary local shoe store" and "now it's a fucking fro-yo place," but it probably won't be for long: Twist on Avenue A opened last fall, then promptly disappeared; the unrelated shop Twister on Second Avenue closed in March, lasting just over half a year. The festive-sounding Yogurt Crazy was first announced for Third Avenue in 2012 but instead, a notice from NYU — its landlord — appeared taped to the storefront last year demanding $37,134.87 in back rent. Over in Brooklyn, Forever Yogurt signed a lease near Barclays Center, but [...]
Nearly half of the total rentable apartments in New York City are rent stabilized, which means what it sounds like. Mayor Bill de Blasio, who appointed six of the nine people currently on the board that approves rent increases for these not-quite-a-million rent-stabilized apartments, believed that rents for one-year leases should be frozen this year. Because like, the rent is too damn high and everyone is moving to Ridgewood, since I mean look at these numbers and then these numbers or just about any numbers covering rent and the economy over the last five years.
Neither the fact that de Blasio vocally advocated for a [...]
I joined the line at Blue Bottle in Mint Plaza in San Francisco's South of Market neighborhood at 8:40 a.m., on the dot. Despite the early hour, the temperature was already in the eighties. The light and sky were big and empty in the way that the light and sky are only in the West. When I moved here, in the nineties, everyone used to debate whether or not “SOMA” was a real thing. Once largely empty warehouses and live-work lofts, it's now full of excellent restaurants and soaring apartments and there’s even a Whole Foods on 4th street, and so, we've all arrived at the conclusion that it does [...]
No one can afford to live anywhere, at least not in New York City or San Francisco, unless, of course, you can afford to buy a whole place to live, but then you have other problems, like all of the other people who can afford to buy a place to live, because there aren't that many places to live, even if you are capable of purchasing one outright: And just 1,163 new condos are expected this year in prime Brooklyn neighborhoods, according to Corcoran Sunshine, a new development marketing company. Fewer than 800 will come online next year. That’s nothing compared to the 10,000 new condominium units slated [...]