 Rendering by: ONE Architecture & Urbanism The City of New York has unveiled an ambitious plan to revitalize Coney Island's western waterfront, aiming to transform the area into a vibrant residential and recreational hub. Announced by Mayor Eric Adams and the New York City Economic Development Corporation (NYCEDC), the "Coney Island West" initiative seeks to introduce 1,500 mixed-income housing units, enhance retail spaces, and upgrade public amenities, including the historic Riegelmann Boardwalk. This initiative builds upon the momentum generated by the 2009 Coney Island rezoning, which has already facilitated the construction of over 3,400 housing units on the peninsula. The Coney Island West project aims to further this progress by creating a dynamic environment where residents can live, work, and enjoy recreational activities. The plan includes mixed-income housing development, with a specific focus on Parcel A, an 80,000-square-foot site on Surf Avenue between West 21st and West 22nd Streets. The city has issued a Request for Proposals (RFP) for this location, envisioning 500 mixed-income apartments, with 25% designated as affordable housing, alongside ground-floor retail spaces and public parking facilities. Enhancements to public amenities are also a priority, including a $42 million renovation of the Abe Stark Sports Center, which has been a community staple since 1970. Planned upgrades encompass a new entrance, updated signage, and improved amenities to better serve residents and visitors. Additionally, the historic Riegelmann Boardwalk will undergo phased renovations to bolster its structural integrity and incorporate coastal resilience features, ensuring its longevity as a cherished public space.  Infrastructure and community improvements are also integral to the plan. The development will introduce new thoroughfares, including Ocean Way and the pedestrian-friendly Parachute Way adjacent to Maimonides Park, enhancing connectivity and accessibility within the neighborhood. Comprehensive infrastructure improvements, including sewer and street upgrades, are planned to support anticipated growth and ensure the area's sustainability. Mayor Adams emphasized the significance of this development, stating, "Coney Island is America’s playground—home to iconic venues and parks, countless small businesses, and a hard-working community. Our administration is advancing a vision to turn this waterfront district into a great place to live, work, and play." As the project moves forward, the city is actively seeking developers who share this vision and are committed to honoring Coney Island's rich history while contributing to its bright future. For those interested in real estate opportunities in the NYC market, including developments like Coney Island West, contact The Big City Team and our team leader Colin O'Leary, at 646-300-2012 for expert guidance and assistance.
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 Photo by Cody Nottingham on Unsplash As New York City’s real estate landscape continues to evolve, certain neighborhoods are emerging as prime spots for both buyers and renters in 2025. According to StreetEasy, many of these areas offer a mix of affordability, community charm, and convenient access to the city’s core. If you’re considering a move or investment in NYC, here are the neighborhoods to keep on your radar.  1. Ridgewood, Queens For the second consecutive year, Ridgewood tops the list as NYC’s neighborhood to watch. With its historic rowhouses, growing arts scene, and strong community vibe, Ridgewood has become a sought-after alternative to nearby Bushwick. Buyers and renters alike are flocking here, driving up home values and rental demand. 2. Greenwood Heights, Brooklyn Nestled between Park Slope and Sunset Park, Greenwood Heights offers a quieter, more affordable option with access to Green-Wood Cemetery’s lush landscapes. The area has seen an increase in buyer interest while maintaining a relaxed, residential feel. 3. Long Island City, Queens Long Island City continues its upward trajectory, boasting sleek high-rises, stunning waterfront views, and easy access to Midtown. With a mix of new developments and a flourishing restaurant scene, LIC remains one of the hottest spots in NYC real estate. 4. Sunnyside, Queens Sunnyside’s tree-lined streets, pre-war co-ops, and tight-knit community have made it an increasingly popular choice. With a balance of affordability and accessibility, it’s an excellent option for those seeking a neighborhood feel within close reach of Manhattan. 5. Windsor Terrace, Brooklyn For those who love Prospect Park but want a quieter alternative to Park Slope, Windsor Terrace is the place to be. This neighborhood continues to attract families and professionals looking for green space and a strong sense of community.  6. Sunset Park, Brooklyn A neighborhood rich in cultural diversity, Sunset Park is gaining attention for its vibrant restaurant scene, waterfront access, and the continued expansion of Industry City, making it a prime spot for real estate growth. 7. Astoria, Queens Always a favorite among renters, Astoria continues to shine with its blend of affordability, diverse dining options, and easy commute to Manhattan. With new developments on the rise, this neighborhood remains a top contender. 8. Crown Heights, Brooklyn Crown Heights has become one of Brooklyn’s most dynamic neighborhoods, attracting buyers and renters with its mix of historic brownstones, cultural institutions, and exciting nightlife. 9. Bay Ridge, Brooklyn Bay Ridge offers a suburban feel within the city, with waterfront parks, excellent schools, and an affordable housing market compared to other parts of Brooklyn. It remains a hidden gem for those seeking space and value. 10. Washington Heights, Manhattan One of the few Manhattan neighborhoods still offering relative affordability, Washington Heights has seen a steady rise in interest. Its rich history, scenic views, and proximity to public transit make it a standout choice. Final Thoughts Whether you’re looking to buy, sell, or rent in NYC, these neighborhoods are poised for continued growth in 2025. If you’re considering a move, our team at The Big City Team is here to help you navigate the market and find the right opportunity. 📩 Contact us today at 646-300-2012 to explore these exciting neighborhoods!  Rendering courtesy of Streetsense The Financial District (FiDi) in Manhattan is undergoing a historic transformation with the launch of SoMA (South Manhattan) at 25 Water Street, the nation’s largest office-to-residential conversion. Originally built in the 1960s as an operations center for Manufacturers Hanover Trust Company, this massive structure has been meticulously redeveloped over the past two years by GFP Real Estate, Metro Loft, and Rockwood Capital, in collaboration with the architectural firm CetraRuddy. The original building, known for its Brutalist architecture and minimal windows—originally designed to house computer systems—has undergone significant modifications. To introduce natural light and modern aesthetics, two central light wells were carved into the structure, and large sections of the façade were replaced with expansive windows. Additionally, a 10-story overbuild has extended the building to 32 stories, accommodating a total of 1,320 luxury residential units. SoMA offers a variety of residences, including studios, one-, two-, and three-bedroom apartments, as well as exclusive penthouses. Each unit is designed with modern features such as home offices, high ceilings, custom Italian kitchens with paneled appliances, in-unit washer-dryers, custom solar shades, and stunning water views. Rental prices start at $3,436 per month for studios, while three-bedroom units are priced around $10,000 per month, with premium units on higher floors reaching up to $12,000 per month. In addition to its upscale living spaces, SoMA boasts 100,000 square feet of luxury amenities, offering residents an unparalleled living experience. These amenities include a state-of-the-art fitness center, a spa with a steam room, Himalayan salt room, infrared sauna, relaxation and treatment rooms, co-working spaces, a private bowling alley, karaoke room, rooftop terrace, on-site basketball court, two pickleball courts, and two swimming pools. As part of its commitment to accessible housing, approximately 25% of the units at SoMA are designated as affordable housing, aligning with the city’s 467-m tax incentive program to create more inclusive living opportunities in prime locations. The successful conversion of 25 Water Street into SoMA sets a new benchmark in urban redevelopment. It exemplifies innovative approaches to repurposing commercial buildings to meet the city’s growing housing demand while preserving the historical and architectural integrity of Manhattan’s Financial District. For more information about SoMA and available units, visit SoMA NYC. |
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April 2025
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