Today's Featured Building: Warren Lofts
From its beginnings as a sturdy testament to the success of the Stumpp and Walter Company, to its rebirth as luxury residential lofts, Warren Lofts is an Art Deco building at 37 Warren Street, has been a distinguished member of the neighborhood of the Triangle Below Canal Street, or known more familiarly as TriBeCa.
Originally, the building housed offices and warehouse space for a variety of businesses and multiple tenants over the decades. It was sold in 2007 for around $30 million, but the conversion to residences was stalled when the recession hit and the building lay dormant for many years. It was then purchased by Sonny Bazbaz, an experienced developer, for a cost of $15.5 million, which lifted the mortgage default and completed the foreclosure proceedings.
The building design only offers 18 units, but when the new project was announced, more than 200 people responded immediately. By the end of the month, more than 930 people had registered for more information. With the taller ceilings from its original purpose as a warehouse and office, lofts within the new conversion seemed to fit naturally.
TriBeCa is filled with former industrial buildings, many of which have been converted for residential use. The neighborhood was once a center for the cotton and textile trade. In the 1960s and 1970s, much of the industry and business moved out of the area leaving large empty and inexpensive lofts available. It soon became a hot spot for starving artists and their families, as similar demographic to Greenwich Village at the time.
Today, the area teems with restaurants of all descriptions, bars, and cafes. The Walk Score website lists more than 40 such places all within 500 feet of the building. Health food markets, Greenmarkets, Asian markets, and even an Amish market are just steps from the Warren Lofts.
Apart from the roof garden of Warren Lofts, green space is easily reached with City Hall Park about a thousand feet away. In the other direction, a short walk will bring the Hudson River into view and Nelson Rockefeller Park on its banks.
Cities and Regions:
Recently Added Buildings:
- 2013-10-26: Lynn Terrace II
- 2013-10-15: 91 Central Park West
- 2013-10-15: Sweeney Building
- 2013-10-11: Police Building
- 2013-10-09: 305 West 16th Street
- 2013-10-08: Marais
- 2013-10-07: 34 Gramercy Park
- 2013-10-07: 160 East 22nd Street
- 2013-10-03: 555 West 23rd Street
- 2013-09-30: 535 West 110th Street
- 2013-09-30: Packard
- 2013-09-30: Sutton House
- 2013-09-30: Stewart Hall
- 2013-09-30: Sutton View
- 2013-09-30: 2 Beekman Place
- 2013-09-28: Revere
- 2013-09-27: Halcyon
- 2013-09-27: 12 Beekman Place
- 2013-09-27: Grand Beekman
- 2013-09-26: Sutton Gardens
Cities and Regions:
|New York City, NY||619||102,204|
|Los Angeles, CA||77||10,247|
740 Park Avenue - Known as one of New York City's premiere apartments buildings, 740 Park Avenue is famous for being the childhood home of Jacqueline Kennedy Onassis.
Ansonia - A former hotel with a long and storied history of famous residents, scandals, and tumultuous times, the Ansonia is known for its distinctive architecture and lavish design detailing.
City Spire - At the time of its construction, City Spire was the world's second tallest concrete building, and today is known for its record setting three floor penthouse with panoramic views of Manhattan.
Apple Bank Building - A landmark building that once housed the Central Savings Bank, the Apple Bank Building is known for its luxury, including a fitness center that is illuminated by a chandelier.
Downtown By Starck - A conversion project by famed architect Philippe Starck, this building has been dubbed the Downtown Insanity Palace due to its numerous over the top luxury amenities.
Rutherford Place - A former maternity hospital, Rutherford Place is now a condominium residence in Gramercy Park, and a classic example of the Beaux Arts architectural style.
Jade- With interior design by Jade Jagger, this building introduced Manhattan-ites to pod style living.
Mortgage rates fall again
Mortgage interest rates have stayed in a narrow, very affordable range all year.
FHA says it won't need another bailout
Read full story for latest details.
Cheap Obama mortgages to get pricier
Nearly 783,000 homeowners who had mortgage rates reduced under the Home Affordable Modification Program will see their payments increase.
Buy vs. rent: What you'll pay in the 10 biggest cities
Despite rising home prices and climbing mortgage rates, it's still cheaper to buy a home than rent one in these 10 major cities, according to Trulia. Here's how much you'll save.
Home prices rose 11.3% in 2013
Home prices posted double digit gains last year, but the latest housing news has been bad.
The Best Places to Live
What makes a location the best place to live, work or retire? We've gathered the top lists into one spot to help you determine just that! Find out which cities are ranked as the safest to live in, which cities have the best job opportunities, which cities are more family friendly and much more in this field guide.
Property marketing is always a challenge. How do you make sure your client's property gets the attention it needs? How do you make it easy for buyers to learn about your property? Some REALTORS? are turning to single-property websites to feature an individual property on a dedicated site. Is the time and effort of creating a single-property website worth it? See what others are saying.
Investing in Real Estate
Is now the right time to be investing in real estate? Some say yes, some say no, and some say it depends. In a declining market, there are bargains, but don't look for a quick flip. If you're thinking long term, you can find some great deals. So if you're ready to take the plunge or want to be ready for brighter days ahead, find out how to get started, invest with IRAs, use real estate as a retirement tool, get information on rental homes, buying tax liens, real estate partnerships and much more in these books and articles.
Technology Tools for AEs
This guide will help you learn tips for doing information technology yourself, keep up with legal issues and learn new training ideas.
Preparing and Staging a House for Sale
Banish the clutter! Trim the bushes! Hide your Star Wars collection! Take down the family pictures! What can you do to prepare a house for sale? Here are tips, hints, thoughts and ideas for sprucing up, cleaning out, decorating, staging, creating a great first impression and making a house appealing to buyers.