Lower Manhattan’s Local News
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Costs to Rent or Own in Lower Manhattan Are Matched by Lofty Local Earnings
A slew of recent reports documents what everyone who lives or works in Lower Manhattan already sensed in their bones: This is a mind-numbingly expensive place to call home.
In September, RENTCafé issued a new analysis of the most expensive neighborhoods for renters in the United States that finds northern Battery Park City (zip code 10282) is the priciest enclave in America, with an average rent of $6,211 per month. (That neighborhood held the same place on RENTCafé’s list last year, but 2019 is the first time local rents have broken the $6,000 threshold.)
Coming in at second place (and only slightly less expensive) is zip code 10013, which covers western Tribeca, along with part of Soho. This community held the same second-rank last year, but diverged from Battery Park City in the respect that rents here actually declined slightly from 2018, dropping 0.8 percent, to an average of $5,327 per month.
Two other areas of Downtown also make RENTCafé’s list of the 50 most expensive zip codes for renters in America: the Seaport and Civic Center neighborhoods (zip: 10038) ring in with $4,434 average monthly rent, while an apartment in southern Tribeca (10007) will set you back $3,712.
(To read the original RENTCafé analysis, please browse.)
A separate analysis from PropertyClub shows the buying an apartment in Lower Manhattan can also induce a serious case of sticker shock. A review of condominium sales data for the first half of 2019 indicates that southern Tribeca (10007) is the most expensive district in the nation, with a median sales price of $4.1 million (based on 121 transactions), while western Tribeca and Soho (10013) are close behind with a typical price of $3.6 million (based on 188 sales). Northern Battery Park City (10282) takes the ninth spot on the list, with a price of $2.1 million (based on eight closings). (To read the original PropertyClub analysis, please browse)
A third review, from Platinum Properties, indicates that these hefty sales prices are actually discounted from the levels of just a few years ago. In all of Battery Park City, the firm finds that the average sales price for the second quarter of 2019 was $1,551,785 (or $1,277 per square foot), a drop of 11.3 percent from the previous quarter. In the whole of the Financial District, the company concludes, the average sales price was $1.4 million (or $1,231 per square foot), an increase of 6.73 percent from the first three months of the year. (To read the Platinum Properties reports, please browse here and here.)
A fourth analysis, by StreetEasy, documents that New York is experiencing a luxury condominium glut, with more than one-fourth the 16,000-plus new condo units built in the City since the beginning of 2013 remaining unsold. The same analysis finds that, despite this surplus of supply, many more new units are still in the development pipeline, with more than 5,600 condo apartments listed for sale, but not yet finished construction.
One Lower Manhattan neighborhood is prominently represented in this imbalance: More than two-thirds of the thousand-plus condos apartments for sale on the Lower East Side remain unsold, as a result of more than 800 units coming online in a single building (the 72-floor One Manhattan Square) at the start of this year. Within this building, only about one-fifth of the apartments have sold thus far. The same neighborhood, Two Bridges, is slated to become home to several thousand additional new apartments in the next few years, as multiple controversial development projects move forward. (To read the StreetEasy report, please browse here)
Finally, an analysis by Bloomberg (based on individual income tax return data from 2016) suggests that residents of three Lower Manhattan neighborhoods may be able to afford lofty home prices with ease. This tabulation found that residents of western Tribeca (zip code 10007) have average annual incomes of $879,000 (fifth highest in the nation), while those in the eastern Financial District (10005) earn an average of $529,500 (ranking 34th in America), and people who make their homes in northern Battery Park City (10282) typically pull in $522,400 (36th highest in the United States).
The Battery Park City Authority and Community Board 1 will co-host a meeting on various aspects of resiliency measures being planned for the neighborhood.
On Tuesday, October 1, the topic will be the measures now being planned for the northern border of the community, behind Stuyvesant High School, and possibly extending into Tribeca.
This session will take place at the community room within 200 Rector Place, and will start at 6:30 pm. Admission is free and no R.S.V.P. is needed.
EYES TO THE SKY
September 30-October 13, 2019
Amateur astrophotographer soars: The Eagle Nebula
Looking through a telescope, we travel in light years. One light-year is equal to 9,500,000,000,000 kilometers or nearly 6 trillion miles. The Eagle Nebula, pictured here, is about 7000 light years away and includes a cluster of about 8,500 stars.
In this “Eyes to the Sky” feature we have the pleasure of looking into space through the eyes of Ken Blumberg, an amateur astrophotographer who has awed us in past issues of the BroadsheetDAILY.
Ken Blumberg writes, “The Eagle nebula is a well known bright nebula in the constellation Serpens. My photo was taken at the Rockland Astronomy Club Summer Star Party at Peppermint Park Campground in Plainfield MA on July 29, 2019. [This is an annual event, open to the public. j.i.] I was planning on only viewing but did have my new Canon 1DX Mark II camera that I use for wildlife and bird photography and adaptor to attach it to my 9.25 inch F10 Celestron Schmdt-Cassegrain Telescope. Taking advantage of the superb ISO range of the camera I tried various exposure and ISO combinations, keeping the exposure 30 sec or less. The photo … was a single 30 second exposure at ISO 20,0000. No special filters or modifications on the camera. The photo was cropped and only contrast and exposure tweaked in lightroom. The color is true color in that no filters are used and the single shot taken shows the blues and reds very well because the sensor is sensitive to blue and red. Your eyes would not see these colors because the retina is more green sensitive. We see the nebula as a white or greenish white.”
As autumn begins, look to the south-southwest as soon as darkness falls for farewell appreciations of summer stars and to become acquainted with the neighborhood of the Eagle Nebula. See diagram and, in dark sky areas, bring binoculars to scan for the Eagle.
Opportunity to Participate
October 12, 11 a.m. – 3 p.m.
The Rockland Astronomy Club at Hudson Valley Challenger Center, Suffern, New York, is hosting a Children’s Space and Astronomy Fair. Free admission
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Steven Amedee Gallery
GRRR | Brad Greenwood
“GRRR is the noise of the street, the buzz-saw of the news cycle, the constant low growl in the throat. What is it like to try to live peacefully, contentedly, lovingly while the animals roar? Can there be quiet in the midst of these troubling noises? ~ Brad Greenwood
The exhibition runs through November 30 at Steven Amedee Custom Picture Framing, 41 North Moore Street in Tribeca.
Click to watch monarch butterflies feeding on milkweed planted by the Battery Park City Authority to help them on their annual fall schlep from Canada to the mountains of Mexico.
The amazing migration of the monarchs has been seriously threatened by habitat loss, development, and pesticide use, and their numbers have declined substantially over the years.
In Lower Manhattan, weary monarchs have found respite in Hudson River Park, in Liberty Community Gardens, along the bike path of Battery Park City, and in the gardens of Battery Park — all places where kind-hearted gardeners have planted milkweed, the favored nourishment of the butterflies.
From Bunker to Incubator
New Arts Center on Governors Island Will Provide Studio Space and Cultural Programming
Lower Manhattan has a new cultural hub. The Lower Manhattan Cultural Council and the Trust for Governors Island have partnered to create the LMCC Arts Center at Governors Island, a 40,000-square foot studio space and education facility, housed within a restored 1870s ammunition warehouse — a relic from the days when the island was a military outpost.
Rapport to the Commissioner
CB1 Makes Exception to New Policy; Okays Naming Street for Former NYPD Commissioner
A public figure from the 1980s may soon be honored by having a street co-named in his memory, if Community Board 1 gets its way. The panel recommended that Benjamin Ward, New York’s first African-American police commissioner, be commemorated by rechristening one block of Baxter Street as Benjamin Ward Way.
This comes on the heels of a controversial decision by CB1 in 2018 to decline such a request on behalf of James D. McNaughton, who, on August 2, 2005, at age 27, became the first New York City Police officer to be killed in action while serving in “Operation Iraqi Freedom.”
While They Were Sleeping
Battery Park City Resident Charged with Two Home Invasions, and Sexual Abuse
A Battery Park City resident has been arrested twice in the space of five days on charges arising from two separate (but related) incidents, in which he is alleged to have sexually assaulted one woman, and sexually menaced her roommate on another, prior occasion.
Shattering the Lens
There isn’t anything unusual in a woman keeping a light in her window to guide men folk home, I just happen to keep a bigger light.” – Keeper Margaret Norvell
Shattering the Lens is an exhibit at the National Lighthouse Museum.
Artist Elaine Marie Austin, using her paintings of keepers and their lighthouses, sheds light on the dynamic impact of female lighthouse keepers.
It is inspired by the book Women Who Kept the Lights by Mary Louise Clifford and J. Candace Clifford.
The show runs through October 20, 2019.
National Lighthouse Museum
200 The Promenade at Lighthouse Point, Staten Island
The Naked Truth
The Pace University School for the Performing Arts will stage To Clothe the Naked, a rarely performed drama by Nobel Prize-winning playwright Luigi Pirandello, from October 1 to 6, at the 3-Legged Dogtheater (80 Greenwich Street, south of Rector Street).
The story, a blend of Pirandello’s trademark blend of heartbreak and unsentimentality, is the tale of a young girl-seduced, abused, and abandoned-who struggles to create an identity for herself.
Tickets for this Broadway-quality production are priced at less than a movie ($15 for adults; $5.00 for students).
Battery Park City Day Nursery
33rd Annual Hayride & Family Fest
Hay is for Horses
The Battery Park City Day Nursery will hold its 33rd annual Hayride and Fall Family Fest on Thursday, October 3.
Climb aboard the two horse-powered wagon and go for a ride around Rector Place. It’s from 4:00-6:30 and costs $5 for adults and children of the Nursery who have purchased a Fall Family Fest ticket and $7 for everyone else.
215 South End Avenue (between Albany and Rector Place)
DAY IN HISTORY
1399 – Henry IV is proclaimed King of England.
1791 – The first performance of The Magic Flute, the last opera by Mozart to make its debut, took place at Freihaus-Theater auf der Wieden in Vienna.
1882 – Thomas Edison’s first commercial hydroelectric power plant (later known as Appleton Edison Light Company) begins operation on the Fox River in Appleton, Wisconsin, United States.
1888 – Jack the Ripper kills his third and fourth victims, Elizabeth Stride and Catherine Eddowes.
1915 – A Serbian Army private becomes the first soldier in history to shoot down an enemy aircraft with ground-to-air fire.
1927 – Babe Ruth becomes the first baseball player to hit 60 home runs in a season.
1938 – The League of Nations unanimously outlaws “intentional bombings of civilian populations”.
1941 – World War II: Holocaust in Kiev, Ukraine: German Einsatzgruppe C complete Babi Yar massacre.
1943 – The US Merchant Marine Academy at Kings Point, New York was dedicated by President Franklin D. Roosevelt.
1949 – The Berlin Airlift that began in 1948 ends. At the end of the Second World War, U.S., British, and Soviet military forces divided and occupied Germany. Also divided into occupation zones, Berlin was located far inside Soviet-controlled eastern Germany.
1954 – The U.S. Navy submarine USS Nautilus is commissioned as the world’s first nuclear reactor powered vessel.
1955 – Film star James Dean dies in a road accident aged 24.
A few months after Dean died in a highway accident, George Barris, known as the “King of the Kustomizers,” and creator of the ‘Batmobile’ acquired the remains of Dean’s wrecked Porsche 550 Spyder.
Attorney Lee Raskin, author of “James Dean: On the Road to Salinas” and an outspoken critic of Batmobile creator George Barris’ stewardship of “Little Bastard,” says the car was originally registered in California by its engine number, rather than the chassis number. After the Porsche was written off by Dean’s insurance company, it was sold for $1,092 to Dr. William F. Eschrich, who removed the engine and other drivetrain components before Barris took possession of the rest of the car.
Since no official record of that transfer has been discovered – and since Eschrich’s family still has the original pink slip for the car, along with the engine – Raskin believes the entire vehicle belongs to the Eschriches. But the family has made no claim to the missing parts of the vehicle or commented on the recent developments.As for the parties directly involved in the ongoing discussion, Barris’ recent death has slowed the process, which means an attempt to find out if Dean’s Porsche is hidden behind a wall made take some time before being resolved.
1968 – The Boeing 747 is rolled out and shown to the public for the first time at the Boeing Everett Factory.
1982 – Cyanide-laced Tylenol kills six people in the Chicago area. Seven are killed in all.
1986 – Mordechai Vanunu, who revealed details of Israel’s covert nuclear program to British media, is kidnapped in Rome by the Israeli Mossad.
Acting on his conscience, he carefully took about 60 photos of the top-secret labs and unique production processes involved. When some of these photos were originally published in the London Sunday Times‘ exposé, they confirmed his eyewitness testimony about the extent of Israel’s nuclear weapons program and revealed Israel to be one of the world’s top nuclear powers.
Vanunu revealed details of his detention by writing on his hand: “Vanunu M was hijacked in Rome. ITL. 30.9.86, 21:00. Came to Rome by fly BA504.
1861 – William Wrigley, Jr., founded Wrigley Company (d. 1932)
1915 – Lester Maddox, 75th Governor of Georgia (d. 2003)
1917 – Buddy Rich, American drummer, bandleader, and actor (d. 1987)
1924 – Truman Capote, author, playwright, and screenwriter (d. 1984)
Capote earned the most fame with In Cold Blood, a journalistic work about the murder of a Kansas farm family in their home. Capote spent four years writing the book aided by his lifelong friend Harper Lee, who wrote To Kill a Mockingbird(1960).
1946 – Jochen Mass, German race car driver
954 – Louis IV of France (b. 920)
1978 – Edgar Bergen, American actor and ventriloquist (b. 1903)
1985 – Charles Francis Richter, seismologist and physicist (b. 1900)
1989 – Virgil Thomson, American composer and critic (b. 1896)
credits include wikipedia and other internet sources
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CHINESE AIDE/CAREGIVER FOR ELDERLY
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DITCH THE DIETS & LOSE WEIGHT FOR GOOD
Call Janine to find out how with hypnosis.
EXPERIENCED ELDER CARE
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NOTARY PUBLIC IN BPC
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Dishes, windows, floors, laundry, bathrooms.
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IT AND SECURITY SUPPORT
Experienced IT technician. Expertise in 1-on-1 tutoring for all ages.Computer upgrading & troubleshooting. Knowledgeable in all software programs.
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Onetime Non-Profit Nursing Facility Sold to Anonymous Buyer for Five Times Original Price
If there is an Exhibit A in the case of fevered speculation in Lower Manhattan real estate, it must be Rivington House
After purchasing the block-long, 150,000-square-foot structure (located at 45 Rivington Street, near the Williamsburg Bridge), the developer, the Allure Group, paid the City an additional $16 million to remove the deed restriction that limited the property to its legacy use of non-profit, residential healthcare. To read more…
Breaking It Down
Composting Catches on in Battery Park City
You’re probably heard of the farm-to-table movement. Thanks to the Battery Park City Authority’s compost initiative, there’s a burgeoning table-to-earth movement in this Lower Manhattan community.
What happens to the scraps after you’ve dropped them in the bin? How do your apple peels and corn husks turn into rich, beneficial compost?
The Broadsheet set out to investigate. To read more…
‘And the Little Children Shall Lead Them…’
Lower Manhattan Students Leave School to March in The Climate Strike
Today (Friday, September 20) elementary and high school students from throughout Lower Manhattan — and around the City — are expected to walk out of classes shortly before noon to attend Climate Strike NYC: A Call to Action.
Community Board 1 Committee Meetings
September 30 ~ October 4
Wednesday October 2
The 6PM meeting will take place at Asphalt Green, 212 North End Avenue
1) Protecting Wildlife at Lily Pond from Future Harm – Presentation by Michelle Ashkin, Discussion and resolution
2) BPCA Strategic Plan Update – B.J. Jones, President & CEO, Battery Park City Authority
3) Pumphouse Park Update – Presentation by Mark Kostic, Vice President, Asset Management, Brookfield Properties
4) District Needs Statement and Budget Requests for FY2021 – Discussion
5) Allied Universal Report, Year Over Year Comparisons – Presentation by Patrick Murphy, Director of Security, Allied Universal
6) BPCA Report with an Update on Rockefeller Park Renovation – Nicholas Sbordone, Vice President of Communications & Public Affairs, BPCA
Thursday October 3
Environmental Protection Committee
The 6PM meeting will take place at Manhattan Borough President’s Office 1 Centre Street, 19th Floor – South
1) Lower Manhattan Quarterly Resiliency Update – Presentation by
* Jordan Salinger, Mayor’s Office of Resiliency
* Suzan Rosen, Office of Emergency Management
* Nick Sbordone, Battery Park City Authority
* Jennifer Cass, Economic Development Corporation
* Brian Larsen, Economic Development Corporation
* Elijah Hutchinson, Economic Development Corporation
2) South Battery Park City Resiliency – Update by
* Jennifer Dudgeon, Battery Park City Authority
3) District Needs Statement and Budget Requests for FY2021 – Discussion
All documents relating to the above agenda items are on file at the Community Board 1 office and are available for viewing by the public upon written request to email@example.comBe sure to check the agenda page on our website at http://www1.nyc.gov/site/manhattancb1/index.page for any changes to agendas prior to the meeting dates. (ID is required to enter building)
Please notify CB1 two days in advance, if wheelchair access is required.
If They Went Any Slower, They’d Slip Into Reverse
City Transportation Study Finds That Lower Manhattan Bus Service Is Among Most Sluggish in Five Boroughs
The annual New York City Mobility Report, produced by the City’s Department of Transportation, contains two data points that will come as no surprise residents of Lower Manhattan. The first of these is that the median speed for Downtown bus service ranks among the slowest of any community in the five boroughs. And the second is that this creeping pace is, if anything, getting creepier. To read more…
Preserving the Rector Street Bridge
To the editor,
If you want to keep crossing the Rector Street Bridge, you can make you voice heard by writing to the Economic Development Corporation (firstname.lastname@example.org), the Battery Park City Authority (email@example.com), and Manhattan Community Board One (firstname.lastname@example.org) — Or you can write Letters to the Editors of our local journals.
Study Predicts 300 Fewer Vehicles Per Day on Local Streets If Verrazzano Toll Changes
A new analysis commissioned by the Triborough Bridge and Tunnel Authority has quantified the possible impact on Lower Manhattan traffic of a proposal being spearheaded by Congressman Jerry Nadler and City Council member Margaret Chin to reform tolling policy on that span, which connects Brooklyn with Staten Island.
Although Verrazzano is eight miles away from Lower Manhattan, its toll regimen is a significant contributor to Downtown traffic patterns.
TONIGHT’S FILM ~ FIELD OF DREAMS
Death Came Calling at the Corner of Wall and Broad Streets, in Lower Manhattan’s First Major Terrorist Attack
As the noon hour approached on a fall Thursday morning in 1920, a horse-drawn wagon slowly made its way west down Wall Street toward “the Corner,” the high-powered intersection of Wall and Broad. Its driver came to a gentle stop in front of the Assay Office, where stockpiles of gold and silver were stored and tested for purity. But theft was not his motive.
Cruise Ships in New York Harbor
Arrivals & Departures
Monday, September 30
Outbound 1:30 pm
Bermuda/Bahamas/Florida/Norfolk, VA/Baltimore, MD
Inbound 6:45 am; outbound 4:30 pm
Bar Harbor, ME/St. John, NB
Thursday, October 3
Mein Schiff 1
Inbound 7:00 am (Bayonne)
in port overnight
Friday, October 4
Mein Schiff 1
Outbound 10:00 pm (Bayonne)
Norfolk, VA/Charleston, SC/Florida/Bahamas
Queen Mary 2
Inbound 6:00 am (Brooklyn); outbound 5:00 pm
Bar Harbor, ME/Canadian Maritimes/Quebec City
Inbound 6:15 am; in port overnight
Saturday, October 5
Anthem of the Seas
Inbound 6:30 am (Bayonne); outbound 4:00 pm; Bermuda
Inbound 6:45 am; outbound 4:30 pm; N/A
Inbound 6:30 am; outbound 5:00pm
Miami, FL/Cozumel, Mexico/Central America
Inbound 6:30 am (Brooklyn); outbound 5:00 pm
New England/Canadian Maritimes
Outbound 6:30 pm;
Norfolk, VA/Charleston, SC
Sunday, October 6
Inbound 6:15 am; outbound 4:30 pm; New England/Canadian Maritimes
Inbound 7:30 am (Bayonne); 4:00 pm; New England/Canadian Maritimes/Quebec City
Inbound 6:15 am; outbound 4:30 pm; Bermuda
Many ships pass Lower Manhattan on their way to and from the Midtown Passenger Ship Terminal. Others may be seen on their way to or from piers in Brooklyn and Bayonne. Stated times, when appropriate, are for passing the Colgate clock in Jersey City, New Jersey, and are based on sighting histories, published schedules and intuition. They are also subject to tides, fog, winds, freak waves, hurricanes and the whims of upper management.
Cass Gilbert and the Evolution of the New York Skyscraper
by John Simko
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