On the Market: Farkas Duplex Going to Auction; Woolworth Penthouse’s Details Revealed

The penthouse is trying for an unprecedented $11,700 per square foot.

The penthouse is trying for an unprecedented $11,700 per square foot.

What’s better than new Greenwich? Old Greenwich! The New York Times reports that rather than gated enclaves, the community of Tod’s Point is one of front porches. Just don’t expect anything too hippy-dippy: “If Old Greenwich feels less guarded than some other areas of town, it is hardly bohemian. Single-family homes in decent shape start at around $1 million.” You’ll also find a lot of private beaches you can’t swim at and fences in the road to slow traffic.

At least in Greenwich, you don’t have to please your snooty neighbors when selling your home. The New York Daily News reports that Arlene Farkas’s River House duplex will be headed to the auction block after the board blocked a $7.8 million sale to the French ambassador. Ms. Farkas, who famously battled for decades to wrest control of the pad from her bigamist husband, is about $6 million behind on her mortgage.

Though the State Supreme court has ruled that the massive Willets point project can go through—opponents had challenged the Related and Sterling Equities’ plan to build a 1.4 million square foot shopping mall complex on a site that includes parkland—neither side is confident that the battle is over, Crain’s reports. Developers says they are hesitant to make a move on the project until the appeals process is finished; opponents say they are certain they will be vindicated upon appeal.

The Post claims that Lauren Bacall’s Dakota apartment with be “going on the market shortly,” but cites as the only evidence the fact that it was appraised for about $9 million shortly before her death. Which, I guess, yes, we might assume the home of anyone who died might “be going on the market shortly.”

Gothamist has caught (on camera!) what may the worst subway leg spreader ever, who really pushes the bar on wide legged stances. Questions arise: can that position possibly be comfortable? Is he pranking us? We may never know, but Gothamist has done some very impressive photoshopping.

Nolita may still be a place of posh little boutiques, but it shouldn’t be long before national chains suck the remaining life out of it. Though the neighborhood is pretty well gentrified, Crain’s reports that it’s about to get a lot fancier. To wit, the owner of a single-story garage at 242 Elizabeth Street, that he bought for $2.8 million in 2007, is planning to spend twice that to build a seven-story mixed use development. “It still is the land of the small, trendy boutiques, but nationals and others are taking a real close look because of what’s going on with the rents in surrounding areas,” says his broker.

A little further south, Alchemy Properties is trying to push some other price boundaries at the Woolworth Building. The Real Deal has acquired the offering plans for the $110 million penthouse and finds, besides an observation deck, a library in the cupola and a private elevator, that Alchemy is trying to get $11,700 per square foot, an unheard of sum in FiDi. What’s more, they intend to broker all the deals in house, so they won’t miss out on any of the profits.

And across the river in Long Island City, a townhouse has been listed for an unprecedented $8 million and it’s a multi-family, Curbed reports. We might also add that the interiors, while recently renovated, are lacking a bit of, err… sophistication? Though the owner may well be angling to snag a developer rather than a buyer on the residential market.

Should cops have to live in the cities where they work? asks Atlantic Cities’ Sarah Goodyear, a question that has obvious relevance in the wake of the Ferguson shooting. Residency requirements—once standard practice, as living in the place you police would seem an obvious advantage—are now rare, in many cases struck down by courts which ruled that a person can live where ever he or she wants. But incidents like Ferguson would seem to suggest that, particularly in areas where racial segregation is rampant, fostering geographical community is a good thing.

At the intersection of policing and housing, another dilemma is roiling New York: the state is holding 101 sex offenders who have served their sentences, 70 of them New York City residents, because housing that meets the stringent requirements that it need be at least 1,000 feet from any place children congregate cannot be found, The New York Times reports. Previously, homeless shelters had not been held to these requirements, but now they are. The men say that the state has no right to hold them after they have served their time.

On the Market: Farkas Duplex Going to Auction; Woolworth Penthouse’s Details Revealed