$20M townhouses and $7M teardowns
$20M townhouses and $7M teardowns
Dakota Townhouses, Long Beach Island, Hamptons provisioning, a 'spectacular dinner' in Greenpoint, MORE
REAL ESTATE • Townhouses
What $20M buys in Northwest Dakota
Most everyone knows of The Dakota, the grand dame of Central Park West that housed, at various points, Warner LeRoy, Joe Namath, and John and Yoko. Sometimes lost in its (literal) shadow, however, are the so-called Dakota Townhouses of West 73rd Street, also built in the late 1800s by the same developer, Edward Clark, using the same architect, Henry Hardenbergh.
Initially designed for that epoch's affluent New Yorkers, many of the townhouses were carved up into smaller units in the 20th century. As Christopher Gray noted:
However efficient, the smaller units attracted a different crowd. In 1936 the police used the password ‘O.K., this is solid’ at the door to the basement of 57 West 73rd Street and were admitted. They promptly arrested Patrick Devereaux, 23, who was in possession of 100 marijuana cigarettes, which he was selling at nine for a dollar.
Two of the Dakota Townhouses that remain single-family have recently hit the market. One of which, 43 West 73rd St., just completed a major renovation that included the restoration of original details including stained glass. The garden level is suitable, perhaps, for the opening of a CBD store.
→ 43 West 73rd Street (Upper West Side), 5BR/5.2BA townhouse, 7600SF with five fireplaces and 2200SF outdoor space. Asking: $22.5M. Monthly taxes: $5564. Days on market: 56. Listing broker: Steve Cohen, Douglas Elliman.
→ 51 West 73rd Street (Upper West Side), 7BR/6BA townhouse, 7000SF with back garden. Asking: $16.0M. Monthly taxes: $6355. Days on market: 107. Listing broker: Barrie Mandel, Corcoran.
NYC REAL ESTATE LINKS: Investment sales in NYC lose momentum in first half of year • Mixed-use 5 WTC (with 1,200 apartments) gets the go-ahead• Gansevoort Peninsula Park nears completion on far West Village • Deep dive on NYC’s BIDs, and how they keep neighborhoods on the up and up • Eliot Spitzer plans new 16-story luxury tower at 985 Fifth on UES • I’m in contract on an Upper East Side co-op. Do I have to spend $20k to fix the fireplace?
GETAWAYS • Jersey Shore Real Estate Report
Build back bigger on Long Beach Island
With the back half of summer upon us and dreams of next summer’s getaways just coming into view, today we continue our multi-part tour of NYC second-home markets. Next up: the Jersey Shore.
Beach houses in New Jersey remain locked up like Friday afternoon traffic on the Parkway, with only 90 properties trading above $2 million in Monmouth and Ocean Counties in Q2 ’23, two fewer than the same period last year. It’s not for lack of demand. Inventory is down about 30% year-over-year across the region.
On Long Beach Island, the tight supply means even upmarket listings get the “build your dream home here” marketing treatment. Witness this “superior building site” in Harvey Cedars on the bay, listed at $3.0M. In a pinch, you could renovate the currently situated 2616 SF home. Oceanside, consider this $7.0M property in Loveladies “approved for a newly constructed home... with 3 stories 11,268 SF.” Bonus: an existing six-bedroom dwelling that was renovated in 2021.
How far up until the home itself makes the sale? Also in Loveladies, $9.975M takes the Mike Ryan House, with five en suite bedrooms and a guest house on two acres buttressing 125 feet of beachfront. “Built to withstand the test of time,” says the listing, “enjoy this modern sculpture for generations to come.” Or until the next guy tears it down.
→ 14 W 74th St., Harvey Cedars, NJ, 4BR, 3BA, 2616 SF, lot size accommodates new build of up to 4555 SF with room for a pool. Asking price: $2.998M. Days on market: 88. Broker: Benee Scola & Company.
→ 15-C Long Beach Blvd, Loveladies NJ, 6BR, 5.5BA, 328 SF, current home has 9 decks and 125’ oceanfront with approval to go very big. Asking price: $7.0M. Days on market: 81. Broker: Coastal Living Real Estate Group.
→19-B Long Beach Blvd, Loveladies NJ (above), 6BR, 6.5BA, 2616 SF, pool, guest house, 125’ oceanfront, “bullet proof dune.” Asking price: $9.975M. Days on market: 84. Broker: Joy Luedtke Real Estate.
See also last week’s Hudson Valley report.
GETAWAYS LINKS: Gatwick strike called off • Americans may need a visa to enter Europe starting next year • Why aren’t there enough air traffic controllers? • A love letter to South Carolina’s Pelican Inn • The cost of every lobster roll in the Hamptons.
GETAWAYS • The Nines
Haute provisioning, Hamptons
Sonny’s Village Prime Meat Shop (East Quogue), meats and Italian grocery
Hen of the Woods (Southampton), gourmet pantry items and unique Asian ingredients
Fairview Farm at Mecox (Bridgehampton), for challah
Cavaniola's Gourmet (Sag Harbor & Amagansett), best-in-class cheeses
Loaves & Fishes Foodstore (Sagaponack, above), unrivaled (in price!) prepared foods
Villa Italian Specialties (East Hampton), for homemade mozz
Mitad del Mundo Express (East Hampton), for Spanish and Latin cooking needs
Stuart’s Seafood Market (Amagansett), local catch; see also, Amagansett Seafood Store
Herb’s Market (Montauk), for fried chicken
As for farmstands, three essentials: Pike Farms (Sagaponack), Lisa and Bills (Wainscott), and Balsam Farm (Amagansett). Additions or subtractions? Reply to this email or found@foundny.com.
CULTURE & LEISURE • Friday Routine
Line dancing and a ‘never-miss’ on the Lower East Side
LINDSEY PECKHAM, co-founder, POMME Creative
Neighborhood you live in: Nolita
It’s Friday afternoon, how are you rolling into the weekend?
I like to pepper my Fridays with less-official meetups with friends to find out who’s doing cool things. There’s a very good chance my darling Natasha Pickowicz will feature prominently in these shenanigans, recently including lots of fun events, fundraisers, and garden parties for her brilliant debut cookbook More Than Cake. This Friday, specifically: I scheduled a haircut at 5pm, intentionally, so I can come ready with gossip (and martinis) for me and Jennipher, the only person allowed to touch my hair, sober or otherwise.
Any restaurant plans this weekend?
It’s not really a weekend morning if I’m not nursing my hangover with an incriminatingly large array of beverages (Topo Chico, coffee, OJ, Miller High Life) plus a donut, a kolache, and a breakfast taco at Yellow Rose. As for dinner — oh god I’m so wary to put this out there, it’s a sacred space to me — Le French Diner on the Lower East Side is a never-miss. There are literally only 10 bar stools and three tables, and the kind of abbreviated menu that somehow has everything you want and nothing you don’t. A picture-perfect teeny delicious chaotic better-than-it-has-any-need-to-be neighborhood restaurant.
How about a little leisure or culture?
I’m all about dancing as much as possible this summer, and my super talented friends from Muscle Memory are hosting a nonstop dance party at Public Records next week called Infinite Beat, where the live and DJ sets go all night, no breaks.
Speaking of dancing, I’m also a devoted (fanatic?) line dancer… yeehaw, friends. I’m always checking for classes and events at Big Apple Ranch. It’s the kind of dance class that’s improved by a shot and beer beforehand, aka the best kind.
Do you get away anywhere regularly for the weekend?
We sneak up to our friends’ dreamy farm in Pawling (above) as often as we can. We also spend some time in Utica every summer where my husband does a Shakepeare summer stock show at Woodshill, a local theater nonprofit. I’d encourage people to look outside the traditional Hudson Valley spots and explore some of the smaller, objectively weirder, towns in upstate and central New York.
What was your last great vacation?
We have an accidental habit of traveling to these sort of in-between, dual-vibe spots — first was Basque Country a few years ago; we stayed right on the border of France and Spain (in Hendaye), and bopped back and forth between the two. No other trip has come close in terms of food quality, no surprise there — San Sebastian’s scene was everything everyone promised and then some: La Cuchara de San Telmo, Bar Nestor, etc.
We have an on-purpose habit of sneakily skinny dipping in any body of water we encounter on vacation, and our next dual-vibe adventure in St. Maarten/St. Martin turned us from covertly scheming public nuisances into nude beach converts. We stayed on the French side of the island, which is smaller, quieter, nakeder, and refreshingly less cruise-ship-y than the Dutch side.
CULTURE & LEISURE • Concerts
Summer renaissances
Beyoncé, MetLife Stadium, Sat @ 7p, floor, $810 per
Phish, Madison Square Garden, Sat @ 730p, floor $320 per
Golden Jubilee Anniversary! 50yr Celebration of the Nuggets, CityWinery, Sat @ 8p, GA, $41.65 per
CULTURE LINKS: Everything you need to know about Beyoncé at MetLife Stadium • Hamptons modernism celebrated in 20th century Modern Home Tour 2023 • Zwirner pivots on plans for new Chelsea gallery (Piano out, Selldorf in) • Reassuring signs of life at Berkshires theater festivals • Left cold by a visit to the Sonic Sphere at Hudson Yards.
LOST & FOUND • Behind the Paywall
Dispatches from the frontline, from FOUND subscribers for FOUND subscribers:
A handful of favorite NYC restaurants from this week’s new subscribers: Frenchette (Tribeca) • The Modern (Midtown West) • Shukette (Chelsea) • Joe Allen (Theater District) • Cozy Royale (Williamsburg).
Finally, some A+ dining intel from FOUND subscribers, including field notes from “a spectacular dinner”: