On the Market: Hamptons Summer Rentals Now $2M+; Church on West 57th May Sell to Extell

Alessandro Barbini/flickr.

Alessandro Barbini/flickr.

The cost of a summer rental in the Hamptons has now surpassed the $2 million mark, according to Crain’stwo summers ago, top rentals hadn’t even hit the $1 million mark but now there’s a seven-bedroom in Shinnecock Hills asking $2.25 million. Nor is it particularly lonely all the way up there; the paper notes there are about a dozen other properties asking in the six figures.

Also in the Hamptons, Goldman Sachs CEO Lloyd Blankfein, famous for saying that his bank was doing “God’s work,” is being sued by the contractor handling the expansion of his seven-bedroom, $32.5 million Bridgehampton estate, according to the New York Daily News. The contractor, Cesar Correa, claims he hurt his knee on the project because Mr. Blankfein didn’t take appropriate safety precautions.

A renovation of the Starbucks at 655 Lexington Avenue has revealed that behind the Starbucks sign, is … another sign! Spotted by Ephemeral New York, it’s for the long-gone Record Centre.

Signs, signs, everywhere signs: the city’s DOT is under federal pressure to remove signs from Times Square that exceed 1,200 feet, Capital New York reports, as a 2012 act added a number of city streets to the National Highway System, which is itself ruled by a 1965 beautification act that denies 10 percent of transportation funding to towns and cities that do not comply.

What caused the excessive bounce of the bouncy bridge to Brooklyn Bridge Park? Maybe nearby construction and maybe too many teenagers jumping on it, The New York Times speculates. In other words, it remains a mystery.

The art deco office tower at 11 Madison could, if it sold for $2 billion, which some sources have said it might, be one of the biggest sales of the year, Crain’s reports in what may well be one of the most contingency-laden record-breaking briefs we have ever read. Co-owned by the Sapir Organization and CIM group, the building has some enviable tenants, including Sony.

Speaking of new highs, a Renaissance-revival manse at 716 Bushwick Avenue in Bushwick, which has some stunning woodwork and a very regal staircase, but also some undeniably weird details (exposed brick in nearly every room; a multitude of graffiti murals) is asking $1.8 million, according to Curbed.

And some lows: artist Arthur Wood, former owner/builder of the Broken Angel house in Clinton Hill, is upset that his art, much of which he had to leave behind after he was foreclosed on, is being used by the developer, according to DNAInfo: “Wood’s original artwork is now being used in the new condos alongside sleek white-tile bathrooms, high ceilings, loft-like layouts and modern kitchens.”

Meanwhile, in Manhattan, another mysterious oligarch buys another $30.6 million One57 apartment, The New York Times reports. This one is allegedly domestic, however, might actually live in the apartment and appears to share some opinions with Mr. Blankfein about God and the accumulation of wealth, having named his LLC after a New Testament passage, Hebrews 3:4, which reads in part, “For every house is built by some man; but he that built all things is God.”

Extell and God are also having a powwow at 123 West 57th, where the Calvary Baptist Church and Salisbury Hotel are considering selling to the developer, according to Crain’s. Extell also owns a number of other contiguous properties and could, if the church votes yes to the sale, put another super-tall tower on the same block as One57 and JDS’s 111 West 57th.

No small wonder, then, that The New York TImes would write that a lot of creative class New Yorkers moving to L.A. since New York is transforming into “a sterile playland for the global-money set (Dubai with blizzards, basically).” As one woman says of L.A., “It’s like a grown-up version of Williamsburg,” Ms. Turner said, “without the gray cloud.”

Also, there may be traffic jams, but that’s arguably less miserable than subway delays: Gothamist reports that after taking the weekend off, the L train took Monday morning off, too. Delays in both directions!

At least New York is still a great place for minors to buy beer, though! Gothamist reports that 58 percent of bodegas, pharmacies and groceries were willing to bag beer for youngsters, a six-month Health Department dragnet found.

On the Market: Hamptons Summer Rentals Now $2M+; Church on West 57th May Sell to Extell