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Thread: Ex-Police Headquarters in Little Italy - 240 Centre Street - by Hoppin & Koen

  1. #1

    Default Ex-Police Headquarters in Little Italy - 240 Centre Street - by Hoppin & Koen

    Can anyone tell me if this property has a name and also if one wants to view avaialble property is there a key agent or direct sales office

  2. #2

    Default Ex Police Headquarters Little italy

    From Ehrenkrantz Eckstut & Kuhn website
    http://www.eekarchitects.com/

    The Police Building

    Location: New York, New York

    Built in 1905, this building functioned as the headquarters for the City of New York Police Department until the early 1970’s when the headquarters was relocated to lower Manhattan. *Encompassing over 180,000 square feet, the building remained unoccupied for over a decade, and it consequently suffered extensive deterioration. *The exterior of the building, richly decorated in limestone, terra cotta and copper, is one of New York’s finest examples of the Beaux-Arts style.

    EE&K was hired to restore the building to its original magnificence. The goal was to provide a wide range of apartment sizes and configurations to suit varied market requirements, while retaining all of the original detailing on the exterior and in the significant interior public spaces. *The design called for a mix of uses on the seven main levels of the building; the five upper stories are primarily residential, and the two lower levels were reserved as not-for-profit space.






    [hr]

    From The Police Building page of Wired New York:


  3. #3
    Disgruntled Optimist lofter1's Avatar
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    Does anyone have pictures or links to pictures of the previous Police Headquarters Building which was located at 300 Mulberry Street (corner of Bleecker) from ~ 1865 - 1905?

    This is the only exterior picture that I've been able to find:



    POLICE HEADQUARTERS: 300 Mulberry Street, circa 1869.

  4. #4

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    If the current administration was selling The Police building today, it would be as a tear down - look at all that wasted F.A.R.! - with a 30% affordable housing component.

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    That building is gorgeous. For some reason, I recall Cher lived there for a while.

  7. #7

    Default old NY Times article

    January 9, 1987
    ABOUT REAL ESTATE; MILLION-DOLLAR RESIDENCES IN A POLICE-HEADQUARTERS

    By LISA W. FODERARO
    LEAD: Moving into a gymnasium where New York policemen once dribbled basketballs may not immediately appeal to apartment seekers who can afford more than $1 million for a cooperative - especially when the gym is in a building in Little Italy.
    Moving into a gymnasium where New York policemen once dribbled basketballs may not immediately appeal to apartment seekers who can afford more than $1 million for a cooperative - especially when the gym is in a building in Little Italy.
    But that gym, one of 56 cooperative apartments now being fashioned out of the former Police Headquarters at 240 Centre Street, will have vistas that soar 32 feet from floor to ceiling, with skylights, a mezzanine level and 4,766 square feet of space.
    For years, the city tried to find appropriate new uses for the neo-Baroque building, vacant since 1973, when the police moved south to 1 Police Plaza. But none of the plans, from a luxury hotel to a cultural center, materialized. Then, in 1985, Fourth Jeffersonian Associates responded to a request for proposals and was allowed to buy the property from the city for $4.4 million.
    Now, as part of a $30 million restoration of the richly decorative structure, architects and interior designers are figuring out ways to turn this grand civic space into private residences.
    ''It's one of those official pieces of architecture, a self-consciously great building,'' Christopher Gray, the architectural historian, said. ''But the magic here lies in the building's totally unexpected location. It would be so much less startling if it weren't in the middle of Little Italy.''
    The building, bounded by Centre, Grand, Broome and Centre Market Streets, just north of Foley Square, was designed by Hoppin & Koen, a genteel New York architectural firm that grew out of McKim, Mead & White. From 1909 - when construction of the five-story limestone and granite structure was completed - to 1973, the domed structure functioned as Police Headquarters.
    Of the 56 units being planned, 11 will be studio apartments, ranging in size from 950 to 1,000 square feet; 18 will be one-bedrooms, measuring 1,120 to 1,320 feet; 16 will be two-bedrooms, from 1,500 to 2,000 feet; six will be three-bedrooms, from 1,700 to 2,200, and one will have four bedrooms, with 2,400 square feet.
    In addition, four ''grand apartments'' that defy normal classification will occupy the building's central dome, the former radio room, the police commissioner's office and the gymnasium. These will run from 2,000 to 4,766 square feet and will have skylights, vaults, interior balconies, cupolas and staggering ceiling and window heights.
    Because the offering plan has not been submitted yet to the Attorney General's office, prices have not been set. But the units are expected to be offered for between $425 and $525 a square foot. Studios will run from $350,000 to $400,000; one-bedrooms will go from $510,000 to $625,000; two-bedrooms will range from $635,000 to $900,000, and three-bedrooms will cost between $950,000 and $1.2 million. The four special apartments will run from $1.2 million to $2.5 million.
    Stanley Thea Associates Inc. of Manhattan is handling the marketing and sales of The Police Building, as the co-op will be called, and apartments should go on the market in about four months. Occupancy is scheduled for the middle of 1988.
    Arthur D. Emil, the managing general partner of Fourth Jeffersonian Associates, himself will move into the former police commissioner's office, with 4,200 square feet and a huge terrace overlooking the building's small, private garden - now overgrown with weeds.
    ''We're not interested in selling to investors,'' Mr. Emil said. ''We want buyers to use this as their primary residence. The people we've talked to seem to have an affinity for art and architecture.''
    Mr. Emil's wife, Lydia dePolo of dePolo/Dunbar Inc., an interior design firm, is working on the building's renovation, along with the architectural firm Ehrenkrantz Group & Eckstut.
    Ms. dePolo said a fluted mahogany molding would cover all the doorframes, as well as the trim around the bases in the hallways, while a textured rose wall covering would be used in the common areas, such as the lobby and halls. Inside the apartments, black and white ceramic tiles in a mosaic design will cover the kitchen and bathroom floors.
    Most of the double-hung windows range from eight to 11 feet in height, while the ceilings typically run from 15 to 18 feet. Five apartments have domes, and seven have terraces. In addition, a common social room, situated on the ground floor and facing the garden, will be available to residents for entertaining.
    As part of the sale agreement with the city, 18,000 square feet of space in the basement - 15 percent of the building - must be leased to one or more nonprofit cultural organizations. Fourth Jeffersonian may not make any profit on those rents for 99 years. But Mr. Emil said he plans to lease another 13,000 square feet in the basement at market rate to a commercial tenant, such as an art gallery or bank.
    A New York lawyer and real estate investor, Mr. Emil made his mark a few years ago as a savior of great old buildings with the restoration of Louis Sullivan's Guaranty building in Buffalo, a 13-story office tower built in 1895.

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    http://tinyurl.com/2ag28z Front_Porch's Avatar
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    I ended up renting clients a condo down the street from the Police Building, with stunning views of it -- for $9,500 a month (2-BR).

    Living in the building itself is substantially cheaper -- the apartments aren't huge, though some do have double-height rooms with 17' ceilings. It looks like a duplex can be had for around $5,500 -- a Halstead broker just had a 2-BR listed at $6,200, but it's gone already.

    ali r.
    {downtown broker}

  9. #9

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    Look at those prices from back in '87! and we thought that was expensive......what a bargain!

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    http://tinyurl.com/2ag28z Front_Porch's Avatar
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    Those were expensive . . . a decent Chelsea doorman studio with an Empire State building view was running $150K then. Plus, money cost a fortune and no bank wanted to lend us four or five times our HHIs.

    ali r.
    {downtown broker}

  11. #11

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    ............and then prices took a big tumble after that - I know a Chelsea doorman studio that sold for $116 M in the mid 90s....

    Could/will the prices go down like that again?

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    Disgruntled Optimist lofter1's Avatar
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    Depends ^^^ on how far and loud the mortgage industry crashes (get your ear plugs ready) ...

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    http://tinyurl.com/2ag28z Front_Porch's Avatar
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    I don't think it's about interest rates, I think it's 1) about jobs ... if the city employment trends reverse themselves, then I would worry that prices would follow and 2) about the value of the dollar relative to foreign currencies.

    A 50% slice in values peak-to-trough does seem pretty unthinkable, but we have seen it here before.

    The city's a better place to live than it was in the late 80s, more desired by families, attracting more foreign investors -- would those factors support prices if jobs go away and our international friends keep their wallets in their pockets? No one can say.

    ali r.
    {downtown broker}

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    Crabby airline hostess - stache's Avatar
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    My feeling is as long as the dollar remains weak, we will continue to get a lot of foreign investment, unless we have another huge terrorist disaster.

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