Stone Street Acquires Two Gramercy Buildings 

Stone Street Properties just closed on the acquisition of two Gramercy Park rental buildings, at 210 and 220 East 22nd Street, for a combined $123 million, or a little over $1,030 per square foot.

Jeffrey Kaye’s Stone Street Properties just closed on the acquisition of two Gramercy Park rental buildings, at 210 and 220 East 22nd Street, for a combined $123 million, or a little over $1,030 per square foot.

The seller was a partnership between Broad Street Development and Crow Holdings, which put the pair of buildings on the market in April with a target price of $130 million. Combined, the properties hold 208 rental units across almost 120,000 square feet, with rents averaging $3,450 per month, according to StreetEasy. Representatives for Stone Street and Broad Street could not be reached by press time.

HFF’s Andrew Scandalios, who represented the seller, couldn’t be reached. The properties were marketed as “ideal” for a potential condo conversion, but a source familiar with the deal said Stone Street is likely to continue operating them as rentals. Stone Street, founded in 2011 by Kaye and Robert Morgenstern — who is no longer at the firm — spent its first two years amassing a substantial Manhattan multifamily portfolio. But recently, it has been actively selling off Manhattan properties. In January 2014, it tapped Cushman & Wakefield’s Bob Knakal, then of Massey Knakal Realty Services, to market a five-building portfolio for $150 million. It then sold five connected buildings on Elizabeth Street in Soho for $61 million to E&M Associates, and sold a 16-building portfolio to Jared Kushner for $132 million. Both those deals closed in March.

Broad Street, headed by Raymond Chalme and Daniel Blanco, and Dallas-based investment fund Crow Holdings acquired 210 and 220 East 22nd Street for $85 million in 2012. The partners put about $4 million into renovations at the properties, which are mostly comprised of studio and one-bedroom apartments.  They also teamed up on the $179 million purchase of two Noho apartment buildings late last year. City records then indicated that Broad Street was seeking to demolish one of the buildings and replace it with a structure cantilevering over the other, after the developer transferred roughly 25,000 square feet of air rights between the properties.

See more at: http://therealdeal.com/blog/2015/09/24/jeff-kayes-stone-street-buys-gramercy-rentals-for-123m/

For SSPNY Nolita Residents, New Destination Restaurant Estela is Yet Another Great Neighborhood Spot 

SSPNY Eats at Great New Destination Restaurant and Neighborhood Hotspot, Estela

SSPNY checks out Chef Ignacio Matto’s new restaurant Estela, an awesome destination restaurant on East Houston above dive bar Botanica, for great food and an incredibly difficult reservation to get. Matto opened this narrow 2nd-floor restaurant just months after leaving his wildly inventive and explosively flavored menu at Isa in Williamsburg.

One of my favorite meals of 2012 was at Isa in Williamsburg, during that brief period when Ignacio Matto ran the kitchen and the sparse menu featured tricky, explosively-flavored dishes that all landed on the correct side of inventive and weird. Not everyone was a fan, however, and Chef Matto left Brooklyn after only a few months. The good news: early this summer Chef Matto opened Estela on East Houston, an attractive, narrow (and, at peak hours, insanely loud) second-story room above the classic dive bar Botanica. I finally made it to Estela for a recent early dinner (it's been a tough seat there, slammed just about every night), and am happy to report that, in most cases, Matto is whipping up some awesome, only slightly odd, dishes. 

SSPNY looks at the short menu at Estela, easy for creating an appetizer/entrée combination meal, or just for ordering a bunch of smaller items to share. Pictured here, is one of the least pricey meals on the menu, a spectacular egg salad “snack” covered in bottarga and with crackling bits of grainy matzo. 
The Estela menu is short, and though you can create a standard appetizer/entree-ish sort of meal, sharing a bunch of items seems to be the way to go. I had four of Matto's creations and, to varying degrees, thoroughly enjoyed them all. Estela can be an expensive place to eat, but if you order carefully you can eat some really interesting, skillfully crafted food at mid-level prices. In fact, my favorite dish of the night may been the least expensive, a $9 spectacular egg salad "snack" covered in bottarga and accompanied with the crackling bits of grainy matzo. Which reminds me: another way to check out Chef Matto's Estela is to go for cocktail-hour drinks and snacks, sitting at the broad, comfortable bar. 
 
Next on the menu at Estela, SSPNY tries out the excellent Raw Scallop dish, for a massive and tender thinly cut crustacean, in a punchy yuzu sauce, topped with crunchy squash. Next, Chef Matto's Beef Tartare offers a nice and chunky mix with sunchokes and pieces of crunchy chips.
 
Also excellent at Estela was my Raw Scallop dish, the massive crustacean cut meltingly thin, swimming in a punchy yuzu sauce, topped with crunchy slices of squash. I could eat this all night long. Same goes for Chef Matto's Beef Tartare, which he leaves nice and chunky (as opposed to doing the grinding thing) and mixes with sunchokes and pieces of some sort of crunchy chips. Finally, for the salad part of my feast, the plate of Kohlrabi was first-rate, tossed with hazelnuts, mint and shavings of capra sarda cheese. Just a couple away from SSPNY's Elizabeth Street buildings in Nolita, Estela is a terrific addition to the neighborhood. 
 
Finally, for the salad SSPNY tried out a plate of Kohlrabi that was first-rate, tossed with hazelnuts, mint and shavings of capra sarda cheese.
 
Estela is located on Houston Street between Mott and Mulberry, and is open Monday through Thursday from 5:30 to 12:00 midnight, and on Friday and Saturday from 5:30 to 1:00 a.m. Closed Sunday. For more information and a look at a sample Estela menu, please see here. 
 

FRONT OFFICE COORDINATOR POSITION 

Seeking qualified candidate for Front Office Coordinator

Front Office Coordinator

Company Description: Stone Street Properties is a full service real estate firm that owns, operates and manages multi-family properties in New York City. Stone Street owns a diverse portfolio of properties in some of New York’s most desirable neighborhoods including Greenwich Village, West Village, East Village, Nolita, Murray Hill, Upper East Side, and Brooklyn’s Boerum Hill.

Job Description: • Responding to lead inquiries - including phone, email and mail

• Assist in updating internet/website postings as directed

• Manage the submission of daily/weekly leasing reports

• Must be open to the possibility of expanded duties as knowledge increases and interests become more focused

• Receptionist or Administrative Assistant experience a plus

• Real-Estate or Leasing experience a plus

• Support VP of Leasing with ad hoc requests

• Work as part of a cross-functional team and be exposed to NYC commercial real estate

• Potential for advancement within the firm

This is a paid full-time position located just north of Madison Square Park in Manhattan. Regular business hours are 9am-5pm Monday through Friday.

Qualifications:

• Welcoming and professional appearance and demeanor

• Reliable, dependable and dedicated

• Happy to greet incoming clients with a smile/ great first impression

• Excellent phone skills and etiquette - able to answer, screen and transfer incoming calls

• Positive attitude is a must

• Know your way around excel/data entry of various forms and applications

• Eager to assist with administrative tasks as needed

• Ability to multitask and prioritize schedules

• Knowledge of all MS Office applications and YARDI Experience a Plus

IMMEDIATE OPENING. Please email resume and cover letter to info@sspny.com

We are an Equal Opportunity Employer (EOE). We are committed to the principles of equal employment opportunity. Applications are considered for all positions without regard to race, sex, sexual orientation, color, religion, national origin, age, disability or any other status protected by applicable law. Stone Street Properties encourages all qualified applicants to apply.

SSPNY Gorges on Bird at the New Neighborhood Hotspot, Blue Ribbon Fried Chicken 

SSPNY Overindulges on Bird at Blue Ribbon Fried Chicken, East Village's New Neighborhood Hotspot!

SSPNY tries out Eric and Bruce Bromberg's excellent Blue Ribbon Fried Chicken, where on more than one occasion the pair have given everything on their entire menu away for free!

The first time I ate at Eric and Bruce Bromberg's excellent Blue Ribbon Fried Chicken, they gave me my entire meal for free. Not because I'm special or anything... on Days One and Two of their spanking new East Village joint they gave away everything on the menu--all the food, all the beverages (including beer!), all the ice cream, and even take-out--to anyone who showed up. I happened to show up for that first dinner service, and, like most people that night, didn't even know what was going on until after I ordered $30 worth of food. What a great surprise, to get it all for free! Nice move, Bromberg Brothers. 

 SSPNY tries out fried thighs, wings, legs, and breasts at the Blue Ribbon restaurants proper (there's one in Soho, another in Park Slope, and at Brooklyn Bowl), where it's by far the most popular thing on the menu, fresh and full-flavored, with crispy, moist and well-seasoned breading. You can order the fried chicken by the piece or in an array of ways including a bucket, and then just add any one of the (mostly honey-based) sauces that sit at every table.
Here's the thing, too. Even after getting treated to a massive meal here--the comfortable, counter-service spot is located, by the way, just three blocks from SSPNY's Elizabeth Street apartments--I was back just a few nights later for more, totally willing to pay for some of that Blue Ribbon Fried Chicken goodness. Which will come as no surprise to anyone who's tried these fried thighs, wings, legs, and breasts at the Blue Ribbon restaurants proper (there's one in Soho, another in Park Slope), or at Brooklyn Bowl, where it's by far the most popular thing on the menu. And it's just as good if not better here: the bird is fresh and full-flavored, the breading well-seasoned, the whole thing the exact right combination of crispy and moist. Add any one of the (mostly honey-based) sauces that sit at every table for any extra layer of oomph. You can order the fried chicken by the piece or in an array of dinners and buckets and such. 
Blue Ribbon Fried Chicken also serves up some mean chicken burgers filled with ground chicken patties and made into a half-dozen or so different sandwiches. Both I tried were fantastic, including The Pit, topped with cheddar, bacon, and BBQ sauce,  and the Big Wave, pictured here, which comes with roasted red peppers, arugula and goat cheese,  both made super juicy and exploding with flavor. 
 
SSPNY even loads on the sides, trying Blue Ribbon Fried Chicken's Fried Dilly Beans, which come as a huge portion of these somewhat sweet, green bean-ish munchies, as well as an order of the thin, salty, potato Fries.
So the fried chicken is first-rate, as it needs to be at a restaurant called Blue Ribbon Fried Chicken, but the sleeper hit here, I think, are the chicken burgers. Not the fried cutlet affairs you might expect, these are ground chicken patties made into a half-dozen or so different sandwiches. I've had two, and they were fantastic. The Pit is topped with cheddar, bacon, and BBQ sauce, the Big Wave with roasted red peppers, arugula and goat cheese, and both were unbelievably juicy, exploding with flavor, but balanced enough to not just be a glop-fest. And they're all priced ten bucks. The sides, too, are good here at Blue Ribbon Fried Chicken, including the thin, salty, potato Fries and the Fried Dilly Beans, which come in a huge portion of these somewhat sweet, green bean-ish munchies. Welcome to the neighborhood, Brombergs. 
This new East Village joint  has a comfortable layout, and offers a counter-service spot located just three blocks from SSPNY's Elizabeth Street apartments.
 
Blue Ribbon Fried Chicken is located on Second Avenue and First Street and is open daily at 12:00 noon, and until 10:00 p.m. on Sundays through Thursdays, and until 12:00 midnight on Friday and Saturday. Lots more info, including the full Blue Ribbon Fried Chicken menu, can be found here. 
Blue Ribbon Fried Chicken is located on Second Avenue and First Street and is open daily at 12:00 noon, and until 10:00 p.m. on Sundays through Thursdays, and until 12:00 midnight on Friday and Saturday.

Toxic Beauty: The Art of Frank Moore, now at NYU's Grey Art Gallery in the West Village 

SSPNY Neighborhood Art Gallery: NYU's Grey Art Gallery Features Frank Moore

Skirball Center: NYU's Grey Art Gallery Features Frank Moore, SSPNY, StoneStreetNY, Stone Street Properties Luxury West Village NYC Rental Apartments

Whatever you or I might think of New York University and its seemingly insatiable need for Greenwich Village real estate--the NYU 2031 massive expansion proposal, aka the Sexton Plan, has been non-stop controversial, though the city has approved the latest iteration, and it looks it's a go, for now--one thing is certain: the savvy West Village resident can still find plenty of cultural adventures to be had on the NYU campus. The Skirball Center is perhaps the most obvious NYU venue to find cool, unusual things to do, with such recent offerings as the blow-your-mind Joshua Light Show series, in which the '60s Fillmore East veteran designed a multimedia extravaganza that exploded behind the stage as the likes of downtown musical legends Lou Reed, John Zorn, Bill Laswell, and Milford Graves rocked the house up front. For news of future events, you should get on the Skirball e-mailing list, here.

Gulliver Awake, NYU's Grey Art Gallery Features Frank Moore, SSPNY, StoneStreetNY, Stone Street Properties Luxury West Village NYC Rental Apartments

Another first-rate source for getting some culture in the West Village, also courtesy of NYU is The Grey Art Gallery, right across from Washington Square Park (heading east), and home to some terrific exhibitions over the past years, including the current show, Toxic Beauty: The Art of Frank Moore, a career-spanning survey of the New York City artist who, like too many others of his generation, died far too young, of AIDS, in 2002, after being tested HIV positive in 1987. As someone at the forefront of AIDS activism (he was among the first to join Visual Aids, the artistic faction of ACT UP, and spearheaded the design of the now-much-imitated red ribbon as a symbol of the fight), much of Frank Moore's work from the 1980s and '90s is, unsurprisingly, dominated by medical- and disease-based imagery, and it is often quite menacing, powerful stuff.

Indian Lake, NYU's Grey Art Gallery Features Frank Moore, SSPNY, StoneStreetNY, Stone Street Properties Luxury West Village NYC Rental Apartments

But NYU Grey Gallery exhibition's title, Toxic Beauty, gives a hint that, despite the weighty topics--environmental destruction is another common theme; as Moore said of his beloved Indian Lake, "every summer I'd go back and find it a bit deader. Now it's a graveyard."--Moore's work doesn't brood. Nothing about this show asks for your pity. In fact, with its bright color palette, twisted representational style, and considerable sense of humor (though, it should noted, Moore pulls no visual punches when it comes to sex and death), it all feels more vital and alive than a lot of art exhibitions I've seen so far this fall. Highly recommended--go for Moore's amazingly, creatively appropriately frames alone--especially for West Villagers who can just stroll on over to this, your "neighborhood gallery" at NYU.

Debutantes NYU's Grey Art Gallery Features Frank Moore, SSPNY, StoneStreetNY, Stone Street Properties Luxury West Village NYC Rental Apartments

Toxic Beauty: The Art of Frank Moore at NYU's Grey Art Gallery info
Toxic Beauty: The Art of Frank Moore will be on display until December 8 at NYU's Grey Art Gallery. The Grey Gallery is located at 100 Washington Square East and is open Tuesdays, Thursdays, and Fridays from 11:00 a.m. to 6:00 p.m.; on Wednesdays from 11:00 until 8:00; and on Saturdays from 11:00 until 5:00. Admission is free; donations are appreciated. Toxic Beauty continues at NYU’s Fales Library, but I haven't yet made it to that part of the exhibition. More info here.

Niu Noodle House: does the West Village finally get the first-rate ramen joint it deserves? 

West Village Restaurant Review: Niu Noodle House on Christopher Street and Greenwich Ave

Niu Noodle House StoneStreetNY SSPNY Stone Street Properties Luxury Apartment Rentals

So the first thing you should know is that I'm a total noodle head, willing and eager to drag my friends all over town in a quest for the city's most sublime bowl of ramen. And while the jury's still out on who's currently slinging NYC's best noodles, my personal Top 5 is pretty solid. In no particular order: Ippudo in the East Village; Jin Ramen up near Columbia in Morningside Heights; Tabata in Hell's Kitchen, right near Port Authority (I know! But it's worth it...); Toto, tucked away among the the office towers of Midtown West; and, especially late at night, Noodle Bar on Orchard.

Niu Noodle House StoneStreetNY SSPNY Stone Street Properties Luxury Apartment Rentals No Fee

Anyway, the point is this: I eat a lot of ramen, and so was pretty excited when Niu Noodle House opened over the summer in a prime West Village spot right near Christopher on Greenwich Avenue. And then... I was less excited, because apparently Chef Lo Lung Kit had to return to China (visa issues), so the place wasn't really ready yet. And then... excited again! Because Chef Kit was back! So opening week there I was, at one of Niu Noodle House's front tables, in full slurping mode. And while the results of my large early supper were somewhat mixed, Niu Noodle House has enough potential where it really counts to be worth rooting for.

Niu Noodle House StoneStreetNY SSPNY Stone Street Properties Luxury Apartment Rentals NYC

My starters, first Golden Brown Calamari Rings, then Flank Steak with Provolone Dumplings ("fried cheesesteak, yay!") were the weakk link here, but given that the Niu Noodle House just (re)opened, I'm more than willing to give Chef Kit another chance with these. In the end, of course, Niu Noodle House will live and die by its ramen, and, based one bowl, I'd say it has a chance. At Niu Noodle House you choose your broth (I went with the Niu Special Soup) and style of noodle (Thin, please) and, basically, your topping, for which I selected the Char Siu Pork, which wasn't the pork belly they advertised--more like loin?--but was still pretty good, with a pleasant sweet funk to it. In fact, the whole bowl was pretty good: the noodles chewy, the asparagus a nice touch, the heavily wasabi'ed tempura seaweed an even nicer touch. I can easily picture eating this (or similiar... maybe wide noodles next time? maybe the one with beef short ribs?) again, on a chilly night, after a movie at the IFC, nice and close to home.    

NYC Niu Noodle House StoneStreetNY SSPNY Stone Street Properties Luxury Apartment Rentals

Niu Noodle House info
Niu Noodle House is located on Greenwich Avenue just north of Christopher Street, and is open Sunday through Thursday from 12:00 noon to 11:00 p.m., and on Friday and Saturday from noon until 12:00 midnight. For a look at the complete Niu Noodle House menu, click here.

Niu Noodle House StoneStreetNY SSPNY Stone Street Properties Luxury Apartment Rentals

 

Welcome to SSPNY. The Stone Street Experience!  

More often than not in New York City, we find a rental apartment, move in, pay our rent and go about our business.  Rarely do positive relationships develop among landlord and tenant, but that is about to change. 

StoneStreetNY, SSPNY, Stone Street Logo

We want to introduce you to interactive living.  Stone Street Properties wants to invite you into our city, our neighborhoods, our properties, and the Stone Street Experience.   We will be sharing some of our favorite new and classic restaurants, shopping, and culture in your area.  We’ll also try to update you on any deals or city-wide information you’ll find interesting.  Finally we’ll keep you abreast of the progress Stone Street is making in adding new properties to our growing portfolio in Greenwich Village and the Upper East Side, and soon the East Village, Nolita, Murray Hill.     

 SSPNY StoneStreetNY Luxury NYC Apartment Rentals Map

Not only do we want to provide you with a beautiful place to call home, but also help you to really experience New York City and your neighborhood.   

 

We’ll be sending each blog post out on facebook & twitter, so ‘like’ us and ‘follow’ us,

or check out photography of some of some of our great neighborhoods.

SSPNY StoneStreetNY Luxury NYC West Village Rentals The Seville at 11 CorneliaSSPNY Luxury Upper East Side Rentals The Emma at 344 East 85th Street, Stone Street Properties

Enjoy a new renting experience.  The Stone Street Experience!    



Categories

Industry News (2)

Stone Street News (39)


Neighborhoods

Upper East Side (1)

Nolita (8)

Lower East Side (1)

Gramercy (1)

Soho (1)

East Village (2)

West Village (12)


Archive

August (2)

July (2)

June (4)

May (5)

April (3)

March (6)

February (4)

December (5)

November (9)

October (7)

September (7)

January (13)