News: Brokerage

Thru the Lens: Kalikow unveils five new model residences at 49 Chambers St.

Manhattan, NY Over 200 guests gathered at 49 Chambers St., to celebrate the unveiling of five new model residences designed by Amy Kalikow. Guests enjoyed cocktails and bites catered by Nobu. 49 Chambers is a new Tribeca condominium conversion housed within one of the borough’s finest Beaux-Arts landmark buildings. Developed by the Chetrit Group, this 17-story building features 99 one- to three- bedroom and penthouse condominium residences designed by Gabellini Sheppard.

The former home of Emigrant Industrial Savings Bank, 49 Chambers was designed in 1912 by architect Raymond F. Almirall and is one of the most significant examples of New York’s ornate Beaux-Arts architecture of the early 20th Century where it is uniquely positioned along City Hall Park, amongst other historic Beaux-Arts landmarks. A complete restoration of the landmark building is now underway led by architecture firm Woods Bagot, which includes restoring its ornate facade, intricate carvings, cornices, friezes and the incredible beehive motif found throughout as well as the soaring triple-height banking hall. Residences have modern finishes which, while minimalistic, showcase the designer’s aesthetic of functional luxury and complement the building’s impeccable craftsmanship. The lobby, like the exterior, will maintain the building’s moniker Beaux-Arts style while the interiors will receive a sophisticated yet contemporary upgrade. Luxurious amenities include a landscaped roof deck, swimming pool, hammam and spa, sauna and steam rooms, state-of-the-art fitness center, resident lounge, screening room, children’s playroom, tween lounge and resident storage.

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.