Dominated by the towers on Second Avenue (rezoned in anticipation of the subway decades ago—speaking of which, how’s that coming along?), Kips Bay has never been the coolest neighborhood. But perhaps Rashid Johnson can turn that ho-hum image around: the post-black, as he calls himself, mixed-media artist and his wife, fellow artist Sheree Hovsepian, just bought a townhouse at 139 Lexington Avenue for $3.7 million, according to city records—a healthy discount off the $4.25 million ask.
The four-story brownstone straddles the border of Kips Bay and NoMad, lying in the dead center of another made-up micro-neighborhood: Rose Hill (the seller was listed only as Rose Hill LLC). Read More