Aaron Ginsburg

Justin and Hailey Bieber paid $12 million for a luxury condo at the Herzog & de Meuron-designed 160 Leroy Street in the West Village. As first reported by the Wall Street Journal, the 2,800-square-foot residence is the couple’s first known home in New York City. The four-bedroom, four-and-a-half-bath condo features sweeping views of the Hudson River. The seller is real estate developer Steven Brauser, who purchased the unit for $10.5 million in 2018 and listed it for $12 million in April.

Work has begun on 2 World Trade Center, the final commercial tower planned for the Lower Manhattan campus and the future headquarters for American Express.

On a tree-shaded West Village street, this elegant co-op at 104 Bedford Street takes pre-war bones and out-of-the-box angles and adds sophisticated interiors that landed it in the pages of Architectural Digest. Asking $2.75 million, the home’s highlights include two wood-burning fireplaces, a cozy dining nook, generous closets, and a guest room optimized with a built-in bed.

Vintage postcard depicting the entrance to the Lincoln Tunnel in New York City. Via Wikimedia

Photo by Michael Appleton/Mayoral Photography Office on Flickr

All photos courtesy of Interiors by Kat for The Corcoran Group

Plans to turn a police precinct parking lot in the East Village into a mixed-use affordable housing project moved forward on Monday. The city’s Department of Housing Preservation and Development (HPD) announced the selection of Spatial Equity, Housing Works, Cooper Square Committee, and This Land Is Ours Community Land Trust to redevelop 324 East 5th Street into The Aurea, a roughly 131-unit mixed-use development with a senior center, community space, and parking facilities. Plans for new housing at the site have been in the works since the Soho Noho rezoning in 2021.

In a 25-foot-wide brick Italianate townhouse on a coveted Brooklyn Heights block, this two-bedroom co-op at 60 Pierrepont Street illustrates the charm of the historic neighborhood. Asking $1,795,000, the home is framed by pre-war elegance preserved through a comprehensive renovation, elevated further by a 500-square-foot south-facing terrace that offers a rare opportunity for real outdoor living.

New York became the first state in the nation on Tuesday to impose a temporary moratorium on the construction of large new data centers, which require immense power to fuel artificial intelligence tools. Gov. Kathy Hochul announced a one-year pause on new data centers that consume 50 megawatts or more of power to give officials time to develop measures to protect New Yorkers and the environment following concerns raised by communities about the environmental impacts and rising energy costs stemming from the facilities.

Manhattan and Brooklyn rents have reached new highs as the cost of living continues to rise across New York City. A report from the Corcoran Group found that the median rent for market-rate residential buildings in Manhattan reached $5,295 per month at the start of summer, up 3 percent since May and 8 percent year over year. Across the East River, Brooklyn’s median rent for market-rate units reached $4,350 last month, an 8 percent annual increase. The continued surge reflects the city’s limited housing inventory, with Manhattan’s already-tight vacancy rate falling from 1.57 percent in May to 1.49 percent in June.