QUIZ: How Well Do You Know Modern NYC Real Estate?
"In New York you can be a new man," according to Alexander Hamilton in the Broadway hit musical Hamilton. He's right of course, and incredibly impressive buildings make NYC "the greatest city in the world." (Last Hamilton reference, we promise!) But how well do you know them?
We put our heads together with NYC-based accounting and advisory firm Anchin Block & Anchin to test your mastery of the hottest real estate stories burning up the Big Apple. From the Second Avenue Subway to New York's first glass skyscraper, from luxury Manhattan living to the real estate behind some of the world's finest celebrity chefs, we've got it all covered.
Do you? Take our quiz to find out!
Which delizioso celebrity/Italian chef pairing is bringing dining halls to the Bronx?
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DeNiro is one of the most famous Italian-Americans in the United States, so it should come as no surprise that the beloved actor seeks to fuse a piece of his heritage into one of the latest food crazes enveloping the Big Apple. He’s partnering with Italian chef Massimo Bottura as well as the Italian Consulate to create an Italy-inspired dining hall in the Bronx. The plan? To craft world-class, affordable dishes from leftover ingredients and thereby reduce waste. The hall — planned to open next year — will serve as the American iteration of Bottura’s Refettorio Ambrosiano, which utilized leftovers from the 2015 Milan Expo to feed those in homeless shelters and children in poverty. In the expo’s five-month period, Refettorio cut down on 15 tons of food waste.
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The 2nd Avenue Subway had its first opening on Jan. 1, 2017. What ground will the entire track cover?
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The 2nd Avenue Subway — which has been in talks since 1919! — finally opened its first leg on January 1, 2017, from 96th to 63rd Streets in the Upper East Side, likely drawing more young families and professionals looking for a quieter, neighborhood feel in Manhattan. The entire line, however, is planned to run from 125th Street all the way down to Brooklyn, and is anticipated to relieve much of the congestion on the 4, 5, and 6 lines.
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What was the first skyscraper in New York to feature an exterior made entirely of glass?
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Created by a group of international architects, including Oscar Niemeyer and Le Corbusier, the headquarters of the United Nations debuted in 1952 adorned with two glass curtains, the first of its kind in The City That Never Sleeps. Though the all-glass outside was controversial, it also gave rise to the slew of glass buildings that now pepper the New York skyline. The Secretariat building’s windows absorb heat through their bluish tint, significantly cutting down on AC and electrical costs.
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What is the biggest development project in NYC right now?
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The New York City-based commercial real estate firm is helming a nearly 1M SF office development. The 900k SF project filed a permit in June 2016 for each of its two interconnected towers, 1 and 3 Gotham Center. According to Property Shark, it's the largest development project in the works in the city.
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Which is the most expensive residential listing in Harlem?
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It's no surprise Circa Central’s got the highest-priced apartment in the neighborhood. The listing is breathtaking: At 3,348 SF and a 739 SF balcony with a view of Central Park, the five-bedroom, 4.5-bathroom pad adds yet another touch of luxury to one of New York’s most historically diverse, richest neighborhoods (and one that has witnessed a nostalgic resurgence in pop culture, thanks to such shows as Marvel’s Harlem-centric Luke Cage).
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Which NYC rental building carries the highest tax assessment?
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The former home of one of the Rockefellers and Jabez Bostwick — a treasurer for and founding partner of Standard Oil in the 1800s — sat empty for over 50 years before Bernard Spitzer razed the building toward the end of the 1970s and reconstructed it into a 354k SF, 33-story luxury residential tower featuring 208 apartments and a number of medical suites. Mean rent runs for $10,500/month; the priciest rent for $34,500. Walking distance from Tiffany’s, Bergdorf Goodman, The Plaza and other of the world’s finest hospitality, shopping and dining, and nestled near some of the most prestigious office buildings in the city, 800 Fifth Ave is the stuff of the quintessential New York dream.
