NYC real estate
fromwww.amny.com
1 day agoOp-Ed | Tax the teardowns | amNewYork
New York City needs to prevent multi-family housing from being converted into single-family homes by taxing unit removals and reinvesting proceeds locally.
The bronze and steel tower at 270 Park, which reportedly cost $3 billion, replaced the Union Carbide Building, which sat on a full city block between 47th and 48th Street and Park Avenue and Madison Avenue for nearly 60 years. JPMorgan expects to house roughly 10,000 of its 24,000 New York-based employees in the new building, with some employees starting their first workday at the tower at the same time as the company holds its ribbon cutting ceremony.
There are custom arched windows in the living room and bedroom - dramatic and plenty of sky to take in. There are white oak floors throughout, and in the kitchen, Italian custom cabinetry along with Carrara marble countertops and backsplashes. The bathroom walls also have a marble situation going on (fluted, dark), and on the other side of the apartment, there's a bonus office space that's petite but has a well-placed window.