Big Manhattan landlord makes $200M buy in B’klyn

RXR Realty has bought the long-term lease of 470 Vanderbilt Ave., a large office building near the Barclays Center in Clinton Hill, Brooklyn, paying just under $200 million.
The lease purchase for…

To view the full story, click the title link.


Allegedly unsanitary Starbucks angers Queens residents


A Jackson Heights Starbucks is drawing the ire of neighbors for allegedly unloading its trash all over the street.

Local residents and a local Jackson Heights politician gathered in front of the coffee chain’s 37th Avenue and 79th Street outpost Friday morning, railing against the store for allegedly leaving unsecured garbage along 79th Street in the Queens neighborhood. Coffee grinds, food and other trash is scattered around the roadway and they are concerned about problems with rodents and bugs.

Repeated calls to the store’s manager, 311 and other agencies have yielded no results, Elisa Carlucci, an area resident, told DNAinfo. “We have reached out to all parties involved and have been completely ignored,” she told the news site.

A spokesperson for the city Department of Sanitation told DNAinfo that the Starbucks received a $100 summons on Jan. 3 2013 for a dirty sidewalk, and has paid in full, and another from Feb. 5 that same year that was not paid.

Starbucks spokesperson Laurel Harper told DNAinfo that “being a good neighbor is really important to the coffee chain,” which she said has “stringent cleanliness standards in place for inside and outside our stores.” [DNAinfo]Julie Strickland

Top new residential listings in Brooklyn, Queens

The most expensive new residential listing in Brooklyn to hit the market was a five-bedroom condo in a converted 19th century building in Park Slope, while the most expensive new listing in Queens was a condo unit in a 2009 tower in Hunters Point with a $3 million price tag.

The information was provided by residential listings website Point2 Homes [], and covered residential homes as well as cooperatives and condos that were listed in the 30 days prior to Feb. 24.

Brooklyn’s top listing was a five-bed condominium unit making up the entire third floor in the former Montauk Club at 25 Eighth Avenue in Park Slope, with a price of $5.25 million. The listing agent for the 4,200-square-foot unit is Peter Grazioli of Halstead Properties. The club house was completed in 1891 and designated a city landmark in 1974.

The next most expensive listing was actually two condo units being offered as one 2,200-square-foot spread at the Edge, at 22 North 6th Street in Williamsburg. MNS agent Grace Leung Levin brought it to market, with an asking price of $4.495 million.

The third most expensive listing over the past 30 days was 34 Park Place, a townhouse in Park Slope. The five-bedroom home (divided into two condo units being sold as a package) is listed for Jessica Buchman and Bryan Rettaliata of Corcoran Group, with a price of $2.995 million.

That was followed by the four-story townhouse 390 9th Street, again in Park Slope, listed by Libby Ryan and Maria Ryan, both of Brown Harris Stevens. The six-bedroom home from the early 20th century was originally constructed for two families, and is listed for $2.6 million.

The most expensive properties currently on the market — no just listed over the past 30 days — in Brooklyn are the $30 million 2458 National Drive in Mill Basin; an $18 million condo at 1 Main Street in Dumbo. Those were followed by the Cobble Hill home at 177 Pacific Street asking $16 million and the $15 million home in Park Slope at 105 Eight Avenue.

Meanwhile in Queens, the top properties to hit the market over the last 30 days had prices similar to those listed in Brooklyn, but the most expensive properties on the Queens market overall were much less pricey than in Brooklyn.

The top Queens listing over the past 30 days was a 2,422-square-foot, five-bedroom condo at the Vere, at 26-26 Jackson Avenue in Hunters Point, listed by Jermain Miller of Douglas Elliman for $3 million. Next was the $1.8 million listing of the five-bedroom home at 249-16 64 Avenue in Little Neck, listed by Eva and Jimmy Fu of Unimax Realty.

Those were followed by 117-02 Park Lane South, a four-bedroom home in Richmond Hill, with an asking price of $1.65 million. That was listed by Mitra Hakimi of the Mitra Hakimi Realty Group. Next was a $1.4 million house at 119-43 80th Road in Kew Gardens listed by Sayed Islam of Re/Max Team.

The most expensive homes listed for sales overall in Queens were the $5.2 million listing at 65 Tennis Place in Forest Hills Gardens; the $4,195 million home at 310 Shore Road in Douglaston. Those were followed by the house at 14-08 162 Street in Whitestone with an asking price of $3.9 million; and finally 55 Exeter Street, with an asking price of $3.88 million, also in Forest Hills Gardens.

Donald Trump and Bronx beep allies in borough renewal

From left: Ruben Diaz Jr. and Donald Trump

From left: Ruben Diaz Jr. and Donald Trump

Donald Trump and Bronx borough president Ruben Diaz, Jr. are getting getting along well in the wake of their successful redevelopment venture, the heavily debated 200-acre Ferry Point golf course, in the borough’s Throggs Neck area.

“Ruben Diaz … your great borough president, has been so helpful in getting this place done,” Trump said in a video played during the borough’s centennial gala this week, the New York Daily News reported.

Although Ruben Diaz, Jr. is committed to Governor Andrew Cuomo and has agreed not to endorse Trump’s possible governor candidacy, the Bronx-native supports Trump’s development efforts in the borough. After all, Trump stepped in to build the $100 million city-funded course when the original developer dropped out. Ferry Point is slated to open in the fall.

“We may not always agree politically, but we agree that big things are happening in the Bronx,” Diaz has said. [NYDN] – Angela Hunt

Live/work space in 15 CPW asks $20,000 a month, New York City’s waterfront composting facilities: PHOTOS … and more

Rendering of future waterfront composting hubs

Rendering of future waterfront composting hubs

1. 15 CPW live/work space asks $20,000 a month [Press Release]
2. New York City’s waterfront composting facilities: PHOTOS [Curbed]
3. Which Watchtower property will be NYC’s next? [Brooklyn Eagle]
4. Frank Gehry‘s coolest projects on his birthday: PHOTOS [Business Insider]
5. Manhattan landlords offer deals as rentals shrivel in cold [DNAinfo]
6. Google Maps ID quiet Brooklyn nabe as borough’s drug section [The Village Voice]
7. Worldwide buildings designed to disappear [Curbed] – Angela Hunt

97 Grand launches leasing in Clinton Hill

97 Grand Avenue

97 Grand Avenue

Clinton Hill’s 97 Grand, the latest luxury rental development to set up shop in the neighborhood, has kicked off leasing.

The new 27-unit building has one-, two- and three-bedroom apartments up for grabs, ranging in size from 624 square feet to 1,143 square feet, according to a press release from brokerage MNS, which is handling leasing at the property. Rents range from $2,300 to $4,800 a month.

The Garth Hayden-designed residences, with open layouts, oversize windows, and hardwood flooring, are slated for occupancy in April.

Other accoutrements include stainless steel appliances, oak cabinetry and granite countertops in the kitchens, while bathrooms are to have white-tiled walls, grey-tiled floors, chrome faucets and cherry wood vanities with porcelain sink tops. [Curbed]Julie Strickland

Eretz Group sells Midtown office building for $30M


39 West 38th Street

The ELO Organization, a developer that owns the site of gentlemen’s club Rick’s Cabaret, has acquired a 12-story Garment District office building for $29.6 million from the Eretz Group, according to property records filed with the city today.

The 44,300-square-foot property at 39-41 West 38th Street between Fifth and Sixth avenues, was sold to Eretz by the Lee Ann Steinberg Charitable Trust in 2007 for $14.9 million, property records show. Hair salons Lasio Studios and Onyx & Jade Salon occupy a combined 4,000 square feet on the ground floor. Travel tech firm Plusgrade signed a third-floor lease there in 2012. Asking rents were an average $38 per square foot at the property, which is currently fully leased.

No brokers were involved in the deal. Stephanie Moore, a sales associate at Tarter Stats O’Toole, handled leasing on behalf of Eretz when Eretz owned the property.

Jack Elo, manager of ELO, plans to renovate the lobby and upgrade the heating system.

“We’re doing work on it to make it more presentable,” Elo told The Real Deal. “But we see this as a long-term asset.”

Rick’s Cabaret secured an option in October to buy both the building and land at 50 West 33rd Street from ELO for $10 million sometime in the next five years, as previously reported. The club paid $13 million for 39,000 square feet of air rights above the building.

Friday Blogwrap

Veg-Friendly Small Plates at Martha in Fort Greene [Serious Eats] Fort Greene Home Next to Spike Lee’s Vandalized Days After Gentrification Rant [NY1] Loehmann’s Doors Closed for Good [Sheepshead Bites] City Moves Forward With Controversial Nelson Mandela School in Bed Stuy [DNAinfo] Performance Artists to Live in Hamster Wheel-Like Installation in ‘Burg’s Pierogi Gallery [DNAinfo] Sage Music Opens in Greenpoint; Interview with Founder Jason Sagebiel [Greenpointers] L Train Partially Shut Down This Weekend, and Other MTA-Induced Misery [Gothamist] Bed Stuy CB Chair: Street Safety “Not an Issue in Our Community” [Streetsblog] Associated Market Returning to 5th Ave and 17th Street [South Slope News] Photo Album: Wonder Wheel Park Preps for Coney Island’s Opening Day [ATZ]… Read More