$9 BILLION HEDGE FUND: There's one big problem with Netflix

Netflix has a problem: It's you.

That's according to Crispin Odey, one of London's biggest hedge fund managers.

Voracious consumers are watching Netflix's content more quickly than the online streaming service can replenish it, Odey said during his hedge fund's second-quarter phone call, a 53-minute recording of which was obtained by Business Insider.

Odey's observation is interesting since Netflix already produces a lot. This year alone, the company plans to release 600 hours of content, which would take 25 days to binge-watch straight through.

Odey's $9.3 billion hedge fund held a short position in Netflix as of hte July phone call, meaning that the firm would earn money if the stock price drops. 

Here are Odey's key points from his firm's call:

  • Investors need to see the potential for yield in Netflix.
  • Odey thinks that Netflix needs $17.5 billion of sales by 2020 and $8.7 billion of sales by this year.
  • Revenues in the past four quarters total $7 billion.

Here's the key quote (emphasis added):

"It's a great business but the fact is you watch their programs faster than they can make them...Their need to buy in basically new content...is so much faster than their subscriber growth. So in fact we would say, this is absolutely impossible for them to achieve. And what you can see is their cash flows, which are on a quarterly basis are negative, and remain negative, so we think actually it's a good short."

Netflix missed its earnings big time last month, as Business Insider previously reported. Its stock price plummeted the day the company announced its disappointing second-quarter results on July 18, though the shares have since regained most of the losses.

Netflix regains its stock price after disappointing earnings results in July. Google Finance

Odey wasn't the only fund manager set to gain on Netflix's bad news. Other short sellers made nearly half a billion just in trading in the after-hours of Netflix's stock drop. It's not clear how much Odey made off of Netflix's drop and whether the firm still holds its short position.

He gained the spotlight earlier this summer after making money off of the Brexit, but his firm has since nursed deep losses.

One of Odey's funds, the $476 million Swan fund, has dropped -24.7% this year through the end of June, according to an investor update viewed by Business Insider. Odey's European fund dropped -30% through July 14, according to Financial News.

 

This Week’s 5 Most Expensive Listings

In the past seven days, 11 new listings priced at $10 million and above hit the market, according to StreetEasy. From that list, these are the crème de la crème, otherwise known as the five most expensive residential listings to hit the Manhattan market.

535 West End Avenue #Hiflr

Address 535 West End Avenue #Hiflr
Price $22,750,000
Type/Size Condo: seven bedrooms and seven-and-a-half bathrooms
This week’s priciest listing is a full floor residence in a building just off West 86th Street. The sprawling 8,450-square-foot spread comes with, well, a lot: herringbone hardwood floors, a formal dining room, a family room, wine storage, a butler’s pantry, a ton of custom finishes, and a library with flawless arch windows.

157 West 57th Street #46C

Address 157 West 57th Street #46C
Price $19,700,000
Type/Size Condo: four bedrooms and five-and-a-half bathrooms
Over on Billionaire’s Row this 3,466-square-foot apartment is up for grabs at One57. Like all the units in the tower, it comes with floor-to-ceiling windows so you really get the most out of those rolling views. And seeing as it’s located directly above the Park Hyatt hotel it of course comes with hotel amenities aplenty.

157 West 57th Street

Address 157 West 57th Street #45A
Price $19,150,000
Type/Size Condo: three bedrooms and three-and-a-half bathrooms
Another One57 unit makes the top five this week. This one is one floor below, a little smaller, and just a touch cheaper than its neighbor above. But other than that it comes with all the same perks, including the ultimate luxury amenity, a pet wash-room. We assume it probably looks pretty similar too, although there is a woeful lack of listing photos.

110 Central Park South #17AB

Address 110 Central Park South #17AB
Price $15,500,000
Type/Size Condop: four bedrooms and four-and-a-half bathrooms
According to its listing, this building, built in 1925, was completely renovated in 2005 and converted to a condop aka a co-op with condo rules. It comes with 70 feet of Central Park frontage, and from the look of the photos seems to successfully combine elements of both modern and classic interior design.

610 Park Avenue #2B2C

Address 610 Park Avenue #2B2C
Price $14,950,000
Type/Size Condo: three bedrooms and three-and-a-half bathrooms
This Park Avenue spread is pretty as a picture. Along with its landscaped terrace it comes with a full butlers pantry, a library, two walk-in closets, a library, a wood burning fireplace and best of all – a 132 bottle wine cooler.

99 John Street, Unit 1106

99 John Street, Unit 1106

Financial District, Manhattan, NY, 10038

1 Bed  |  1 Bath  |  Washer/Dryer  |  Terrace

Offered at $1,150,000

 

Outdoor lover's dream - don't miss this open, airy loft style one-bed with washer & dryer and private terrace!

Apartment features 10 foot beamed ceilings and wide oak farm flooring, has large windows facing north and west letting in an abundance of light and tons of closet space. The kitchen is outfitted with stainless steel appliances, soft close drawers and Caesar stone countertops. The large, 220 square foot private terrace faces both north and east with views of the East River making it a great extension to your already large living space.

99 John Deco Lofts was constructed in 1933 by the same architects as the Empire State Building and was converted to condominiums in 2008. The abundance of amenities include 24-hour doorman and concierge, valet services, landscaped rooftop with breathtaking bridge and water views, state of the art fitness center and a billiards lounge complete with patio and barbeques. The prime location is conveniently located near almost every subway line imaginable at the brand new Fulton Street transit hub, 24 hour Jubilee market next door, the new Fulton Street Grocery and nearby Seaport. 

2002 Fifth Avenue, Unit 5B

2002 5th Avenue, Unit 5B

Manhattan, NY, 10035

2 Bed  |  Home Office/Den  |  2 Bath  |  Private Storage

Offered at $1,100,000

 

Sunny and spacious two-bedroom CondOp with home office/den, and two full bathrooms and deeded private storage. Unit 5B is a south facing corner unit, with fantastic hardwood flooring throughout, open ;large marble kitchen and an abundance of closet and storage space. The private balcony overlooks Marcus Garvey Park and the tree lined block in the heart of Mt. St. Morris Historic District.

2002 Fifth Avenue is a beautiful doorman building, directly across from Marcus Garvey Park. In addition to the apartments private balcony the building has shared outdoor space. Marcus Garvey Park offers a tremendous amount of cultural, recreational and leisure activities. The New York Public Library is right next door. The thriving and lively neighborhood offers excellent dining, shopping, and transportation, close to the 2,3,4,5,6 and Metro North trains.

500 Square Inches - NYC’s Smallest Piece of Private Land

If you’ve ever walked by the busy intersection of 7th Avenue South and Christopher Street, you’ve likely seen people snapping photos of the iconic corner-facing Village Cigars, but what you probably didn’t realize is that many of these eager photographers were standing on top of New York City’s smallest piece of private land.

The Hess Triangle sits in the sidewalk at the southwest corner of thisGreenwich Village crossing, a small concrete slab with an imbedded mosaic that reads “Property of the Hess Estate Which Has Never Been Dedicated For Public Purposes.”

Seventh Avenue was laid out as part of the Commissioner’s Plan of 1811, but terminated at Eleventh Street. Starting in 1910, the avenue was extended southward to connect with Varick Street in order to accommodate the construction of the IRT Broadway-Seventh Avenue subway line and link the Village with Tribeca. Over 300 buildings were demolished under Eminent Domain.

One of the razed buildings, a five-story apartment building called the Voorhis, belonged to David Hess. He fought the city in hopes of saving his building, but by 1914 all that remained of his property was a small triangle of sidewalk. The city assumed Hess would donate the tiny tract to the public sidewalk, but they were wrong. He took the city to court and was allowed to retain ownership of his prized triangle.

Village Cigars courtesy of wallyg via photopin cc

On July 27, 1922, Hess had his infamous mosaic message installed in his 500 square inches of land. In 1938, he sold the triangle to Village Cigars for $1,000, and the store has left it intact, a permanent reminder of city history and the resiliency (and stubbornness!) of New Yorkers.

Monthly Update - August 2016

The Hoffman Team Monthly Update - August 2016

My news app is on fire! 

Mind boggling voter referendums, unprecedented and historic presidential runs and awful acts of violence at home and overseas. This past month has brought a whirlwind of astonishing current events almost daily. These incredible stories have incredibly high stakes for every walks of life. Inconceivable headlines, which seem to be bringing our country and the world right to history’s edge, seem to be happening more frequently and with regularity.  Everyone is fully invested in what seems to be new terrain for all of us. I click on my news app with both apprehension and anticipation, ready to see what life changing event will appear in the headlines this hour. These times seem historic and momentous.

 And while all this turmoil and change is in our midst, people ask me, casually but hesitantly, "So, how’s the real estate market?” And I have think … How is it?

It’s a lot like my news app, frankly. I hold my breath for the next turn, for the next big news and for the next historic event. Some facts haven’t changed — like the shadow inventory of new rental buildings and high-end new developments set to hit the market in next year or so. And on the other hand, some things continue to keep me guessing.

Many pundits are predicting a doom and gloom market, but the numbers at the open houses for smartly priced properties don’t say doom or gloom. These buyers are aggressive, and they are buying. Whatever happens this fall with the Fed or the election, and no matter what profound stories continue to roll in from overseas, I’ve learned in this market to stay focused on the here and now.

Whether it be the property my buyer is committed to buying or the apartment we’re strategically pricing, staying in the here and now drives out the noise and chatter of the pundits and my news app.

And things are happening that are positive for this market in the here and now.

The COMPASS Markets App Is Here

Being able to access the smartest and most relevant real estate data at just the right time is critical to sellers and buyers. With COMPASS Markets App, buyers, sellers and agents can build market-specific reports and get real-time information on the go.

Compass Markets is:

  • Custom and specific: Create market comparisons using just the data you need. 
  • Real-time and relevant: Access the latest market activity as well as long-term trends from multi-year transaction histories. 
  • Instant and immediate: Empower yourself with data at your fingertips, when and where you want it.

Click HERE to download

 

 

The Numbers:


July saw a dip in new listings down from 1,600 in June to 1,597 in July. 

Two-bedroom listings were the only group to gain inventory. In July 73 new two-bedroom listings came to the market. 

All other categories fell in inventory. 
  

Our Active Listings

More HERE

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Former Verizon Building At 375 Pearl Street Gets A New Look

The monolithic former Verizon building at 375 Pearl Street is finally getting an upgrade. The 32-story telephone switching building is still outfitted with tiny, three-foot-wide windows, but big pieces of the upper floors have been removed and replaced with glass. Photographer Tectonic recently swung by to document the progress.

While this renovation hasn’t pleased most New Yorkers—who say the 1.1 million-square-foot structure is one of the city’s ugliest—it does make the limestone facade a little easier on the eyes. Most of the new floor-to-ceiling glass curtain wall has been installed, and now we can imagine the property’s future as an office building.

Taconic Partners picked up the building for $172 million in 2007, and then Sabey Data Centers and Young Woo and Associates purchased a controlling interest in the property for $120 million four years later.

A handful of city agencies have signed on as tenants in the past year. The NYPD is leasing 18,000 square feet on the 32nd floor, the Post’s Lois Weiss reported last year, and the Department of Financeinked a deal for 175,000 square feet of office space a few months ago. Transit Wireless, the firm responsible for installing wi-fi and cell service in 279 of the city’s subway stations, also has a 15-year lease in the building. 375 Pearl “provides access to an enormous energy and cooling system for Transit Wireless’ computers,” according to the Commercial Observer. Asking rents there hover around $43 a square foot.

The 540-foot-tall tower, which sits at the foot of the Brooklyn Bridge, was constructed in 1975 and designed by architecture and engineering firm Rose, Beaton, and Rose.

$3 Subway Fare By 2017

Start saving your quarters; the MTA all but definitively announced at its board meeting yesterday that it will raise subway and bus fares by 2017 in an effort to raise more than $300 million annually. This is part of their four-year financial plan that includes fare and toll hikes every two years to

Jamison Dague of the nonprofit Citizens Budget Commission told the Daily News that if past increases are any indication, the MTA will likely raise fares from $2.75 to $3, a four percent increase that would bring in roughly $308 million through 2020. And if another increase was implemented in 2019, the cash-strapped agency would pull in an additional $594 million over two years.

This is the agency’s fifth fare hike since 2009. The last increase came just this past March, when rides went up from $2.50 to $2.75. And a month later, in April, top transit officials warned that if the MTA wasn’t able to bridge its $15 billion budget gap, fares could’ve been raised to $3.15. But this was before the state and city finally reached an agreement to keep the MTA’s $26.1 billion, five-year capital plan on track, which will partly fund Governor Cuomo’s recently unveiled high-tech subway cars and stations.

According to the Daily News, “In 2015, the MTA pulled in $7.7 billion in fare and toll revenue, which covers half of what it costs the MTA to run its system.” And this past year saw a record-breaking annual ridership of 1.7 billion, the highest since 1948.

The MTA noted that the hikes are part of a budget projection and could change when the numbers are reevaluated in November. A final vote is planned for December.

Restaurants In China Are Replacing Waiters With Robots

Chinese restaurants started to replace their workers with robots as early as 2006. Though some have proven pretty incompetent, they're still cheaper than human wait staff — the approximate $1,200 up-front cost per robot is just a couple months' salary for an average server in China (though robot prices vary).

Robot waiters seem to have taken off in China because they're novel and fun, rather than for their efficiency. Many robots in Chinese restaurants appear anthropomorphic and toy-like — The Wall Street Journal writes that the Chinese even refer to their robots as jiqiren (机器人), literally meaning "machine people."

Here's a look at seven Chinese restaurants that have replaced some of their staff with robo-waiters.

These ten robot waiters serve customers in Chengdu, China, carrying dishes around and giving simple greetings to customers.

They cost around $11,310 each when they were bought in 2014.

Rupert Murdoch Sells West Village Townhouse For $27.5M

Last August 6sqft reported that News Corp. head and Fox News founder Rupert Murdoch had put his West Village townhouse–the one he’d boughtjust five months prior for $25 million–on the market. Now, just five months after listing the 25-foot-wide, four-story brick home for $28.9M, the house has found a buyer, the New York Observer reports. Whomever is behind the entity known as West 11th Street, LLC has purchased the 6,500-square-foot Greek Revival manse for $27.5 million. The deal represents a $2.5M profit for Murdoch (and we all know how much he needs a few more million).

The grand historic townhouse at 278 West 11th Street has definitely been an easier sell, even for eight figures, than a $72 million triplex trophy pad at Flatiron skyscraper One Madison; the media mogul’s 6,850-square-foot penthouse in that high-profile building has remained unsold since Murdoch listed it in April of 2015 (even with Tom Brady and Gisele Bundchen as neighbors). What–besides the ridiculous price difference and 350 square feet–makes a West Village townhouse so much easier to sell? In addition to location, the house–thoroughly renovated when Murdoch bought it–is gorgeous inside and out, starting with the three-level landscaped patio.

The home’s previous owner, who bought the property for $8.2 million in 2011, restored the former purple bed-and-breakfast to its original single-family mansion glory, restored the home’s façade, and modernized it by replacing south-facing walls with glass to let in more light and adding a roof deck, elevator, 1,200-bottle wine cellar, smart home technology and a gym.

In addition to the elevator, there’s a grand elliptical staircase for making the kind of entrances you can’t make in a lift.

 

The roof deck has Empire State Building and One World Trade Center views, limestone pavers and a Spanish cedar pergola.

The billionaire octogenarian recently wed former model (and Mick Jagger’s ex) Jerry Hall (his fourth wife), and even more recently saw Fox News embroiled in a sexual harassment scandal involving co-founder Roger Ailes, so having one less property to worry about might be a good thing.

Kelsey Grammer Lists His Riverfront Chelsea Apartment for $10M

Actor Kelsey Grammer will list his 3,076-square-foot condo in New York’s Chelsea neighborhood for $9.75 million.

Mr. Grammer purchased the property for $6.4 million in 2010 through a limited-liability company, according to public records. A representative for Mr. Grammer confirmed that the actor owns the apartment. 

The three-bedroom, 3½-bath apartment is located on an upper floor of a glassy 23-story tower designed by Pritzker Prize-winning French architect Jean Nouvel. The unit has 11-foot ceilings and roughly 100 linear feet of glass walls overlooking the Hudson River and Manhattan landmarks such as the Empire State Building.

Mr. Grammer’s publicist, Stan Rosenfield, said his client is selling the apartment because he feels that he and his family “have outgrown it.” Mr. Grammer has six children and is married to Kayte Grammer, a former flight attendant.The apartment has an open layout with a combined living, dining and kitchen area, with terrazzo flooring throughout. Completed in 2010, the building is known for its unusual glass facade with morethan 1,600 differently shaped window panes.

Mr. Grammer, 61, is best known for his roles on the sitcoms “Cheers” and “Frasier.” He now stars in the Amazon drama “The Last Tycoon,” based on the unfinished novel by F. Scott Fitzgerald.

Rent vs. Buy

Rent vs. Buy

Do you know the secret to buy real estate? Click on the video below and learn...

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The choice between buying a home and renting one is among the biggest financial decisions that many adults make. But the costs of buying are more varied and complicated than for renting, making it hard to tell which is a better deal. 

To help you answer this question, or others with buying an apartment. We are here to help.

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Under Armour Is Taking Over Old FAO Schwarz Space

Under Armour is opening a new store in Manhattan, in the building FAO Schwarz used to call home, the company announced on Tuesday morning.

According to CNBC, the company will take hold of the 53,000 square-foot space in 2018.  

While the opening of one store doesn't always make headlines, CNBC notes that this new store will fuse experiences, such as work-out classes, with traditional shopping.

CEO Kevin Plank said on a recent earnings call that the new space will be "t he single greatest retail store in the world."

Under Armour already has a boost in that it sells activewear, one of the few categories for which consumers will pay a premium.

Under Armour posted another quarter of sales growth, making it the 25th consecutive quarter with over 20% revenue growth, the company noted.

734 East 5th Street, Unit 3R

734 East 5th Street, Unit 3R

Kensington, Brooklyn

2 Bed  |  2 Bath  |  Parking  |  Private Storage

Offered At $795,000

 

Full Listing HERE

DEEDED PARKING and STORAGE!!

This 2 BD, 2 BA, convertible 3, Condo is priced to sell QUICKLY!! Apt features 2 Private Balconies, a deeded parking spot and large private storage room room. Spacious 3rd Floor apartment is easily convertible to a 3 bedroom or home office. The East facing balcony floods apartment with morning sun and west facing balcony off the 2nd bedroom in the back is perfect for afternoon light. Also enjoy beautiful bay windows in master bedroom. The open living and dining area is perfect for lounging or entertaining. Hard-wood flooring through-out every room. Open kitchen is custom made with walnut stained cabinets, white marble counter tops, stainless steel appliances, gas stove, Sub-Zero refrigerator and double sinks. Bathrooms features deep soaking tubs and Toto toilets. Master bath equipped with jetted tub. Also includes Bosch Stackable Washer/Dryer, Central air and video intercom security.Additionally, building is wheelchair accessible with indoor/outdoor elevators. With super LOW taxes and Common Charges, this apartment is a STEAL. Tax abatement until 2026. F train close by at Ditmas Ave. Plenty of shops at 18th Ave to choose from or take a short walk to trendy Cortelyou Road. Sorry, No Pets Allowed

Public Plaza & Pedestrian Bridge Outside 50 West Street Revealed,

Now that exterior work has completed on 50 West Street – the 64-story, 191-unit mixed-use tower dubbed simply “50 West” under development in the Financial District – crews are now focused on building a 6,800-square-foot public plaza around the base of the building and a pedestrian bridge over West Street (a.k.a. the West Side Highway). Renderings of the spaces have been revealed by the Wall Street Journal. The 24-hour plaza will feature an art gallery, a café, vegetation, and seating. The pedestrian bridge, dubbed the West Thames Street Bridge, will feed directly into the plaza. It will boast steel structural supports and a glass roof and walls. The New York City Economic Development Corporation (NYCEDC) is building the new pedestrian bridge, which will replace the Rector Street bridge located a block northward. Demolition of the Rector Street bridge and construction of the new one is expected to last two years.

Rendering of public plaza at 50 West Street. Rendering by DBOX.

The 782-foot-tall, 584,277-square-foot 50 West Street hosts condominiums averaging 2,126 square feet apiece. Roughly 60 percent of the apartments, ranging from one-bedrooms to a five-bedroom penthouse, are in contract. The building also features 15 office condominium suites. Time Equities is the developer and Helmut Jahn is the design architect. SLCE Architects is serving as the architect of record and WXY Studio is behind the design of the new pedestrian bridge. Completion is expected later this year.

This Week’s 5 Most Expensive Listings

In the past seven days, eight new listings priced at $10 million and above hit the market, according to StreetEasy. From that list, these are the crème de la crème, otherwise known as the five most expensive residential listings to hit the Manhattan market.

21 East 61st Street #16A

Address 21 East 61st Street #16A
Price $19,900,000
Type/Size Condop: three bedrooms and four-and-a-half bathrooms
At the very top of the Upper East Side’s Carlton House, is this 3,500-square-foot penthouse. It comes with 1,120 feet of wrap-around terraces, and although the listing points out that the interiors are finished in “a soft, calming palette,” all we see is shades of white.

252 West 12th Street

Address 252 West 12th Street
Price $19,600,000
Type/Size Townhouse: six bedrooms and five-and-a-half bathrooms
Coming in at second place this week is this West Village townhouse. Built in 1910, it comes with wine storage, a finished basement, and a very lovely kitchen. The current owners did some smart shopping in 2010 when they snapped up this spread for a seemingly reasonable $6.8 million, which makes the current asking price an impressive 188 percent increase. And they decorate beautifully.

212 Fifth Avenue #17A

Address 212 Fifth Avenue #17A
Price $16,600,000
Type/Size Condo: six bedrooms and five-and-a-half bathrooms
212 Fifth Avenue started life in 1912 as an office building, and now, in classic New York style, its turning into luxury condos. Of the 28 units that have hit the market to date, over half are in contract, including the two most expensive units. No word on the apartment itself, but it comes with access to a host of amenities including a screening room and a fitness center.

60 Riverside Boulevard 3201/2/3

Address 60 Riverside Boulevard 3201/2/3
Price $14,900,000
Type/Size Condo: 10 bedrooms and 11-and-a-half bathrooms
This gargantuan spread takes up an entire floor at The Aldyn. The apartment itself comes with river views, Brazilian cherry floors, and three kitchens (one for each of the original apartments that made up this spread). Plus there are amenities aplenty including a pool and a basketball court.

212 Fifth Avenue #14A

Address 212 Fifth Avenue #14A
Price $12,100,000
Type/Size Condo: three bedrooms and three-and-a-half bathrooms
212 Fifth Avenue makes this list again, but this time it’s a few floors down and a couple of million cheaper. This unit comes with all the same amenities, and the apartment has features like oak floors, soaring ceilings and what looks like a whole lot of marble.

These NYC Apartments Come With Private Pools

Earlier this week we provided you with a sumptuous collection of beach-front properties you could escape to (or dream about escaping to) when the oh-so-foreboding “heat dome” became too much.

But what if you want to stay a little closer to home, and ride out this sweaty inferno in the city?

Here, for your perusal, are some of the city’s best private pools on the market right now:

232 West 15th Street #H1

Address 232 West 15th Street #H1
Price $11,495,000
Type/Size Townhouse: six bedrooms and seven bathrooms
At this Chelsea townhouse the pool takes up almost an entire floor. To be a little more precise, it’s 30-feet long and 8-feet deep and it has a two-story waterfall. Unsurprisingly, the rest of the house is pretty nice too.

60 Riverside Boulevard #2101

Address 60 Riverside Boulevard #2101
Price $17,900,000
Type/Size Condo: six bedrooms and eight-and-a-half bathrooms
While this pool might not be as glamorous as the one above, it is outside, which means that from this 21st floor terrace you can swim while you’re enjoying some pretty fantastic views.

2 North Moore Street

Address 2 North Moore Street
Price $39,500,000
Type/Size Townhouse: six bedrooms and seven bathrooms
When we toured 2 North Moore Street recently, we just knew this top floor lap pool was something special. Is there anything better than enjoying the sunshine… from inside?

18 Gramercy Park South #Ph

Address 18 Gramercy Park South #Ph
Price $47,500,000
Type/Size Condo: four bedrooms and five bathrooms
Does size really matter when you’ve got views like this? We say no. This cozy pool lives on the 18th floor and looks out at the Chrysler Building.

50 United Nations Plaza Dph4243

Address 50 United Nations Plaza Dph4243
Price $70,000,000
Type/Size Condo: four bedrooms and six-and-a-half bathrooms
When you’re dropping $70 million on a home, it better come with a pool. In this case it comes with a 30-foot infinity pool, although on the 43rd floor we wouldn’t swim too close to the edge.

New Self-Driving Bus in Amsterdam Makes the MTA’s Transit Plan Look Dated

While New York City is patting itself on the back for pushing through a subway design that offers eight more inches of door space and an open-gangway format, over in the Netherlands, folks are celebrating the Future Bus, a self-driving bus created by Mercedes-Benz. Per The Verge, the Future Bus has just completed a 20 kilometer (roughly 12.5 miles) drive that took it from Amsterdam’s Schipol Airport to the town of Haarlem (fun side note: Harlem the nabe takes its name from this municipality) along a route that included a number of tight bends, tunnels, and traffic lights.

See Day and Night Views From 432 Park Ave. at 1,400 Feet in the Air

Earlier today, 6sqft brought you flashy new renderings of the amenity spaces at432 Park Avenue. The reveal came with a link to the official building website, which has a section offering jaw-dropping photos that showcase the views from the 1,396-foot tower, the tallest residential building in the Western Hemisphere. As the site notes, they span from the Hudson River to the East River, from Westchester to Brooklyn, and from Central Park to the Atlantic Ocean.

Looking north

In addition to all five boroughs, 432 Park will offer views of New York state, New Jersey, and Connecticut.

Looking west

As 6sqft previously reported, 432 Park can be seen from 47 miles away at sea level, “roughly the distance from the tower to Beacon, NY, Bridgeport, Connecticut, or Trenton, New Jersey.”

Looking south

Though technically One World Trade Center is taller than 432 Park at 1,776 feet, this includes its 408-foot-tall spire. Therefore, 432 Park’s roof is actually 29 feet higher, and its uppermost penthouse will look upon One WTC’s observation deck. And this penthouse will sit at 1,302 feet above street level, making it the highest apartment in the world.

Looking east

Thirteen major bridges can be seen from the top floors of the tower: George Washington Bridge, TriBoro (RFK) Bridge, Queensboro (Ed Koch) Bridge, Whitestone Bridge, Throggs Neck Bridge, Williamsburg Bridge, Manhattan Bridge, Brooklyn Bridge, Verrazano Bridge, Hell’s Gate Bridge, Bayonne Bridge, Pulaski Skyway, and Tappan Zee Bridge.

There’s also the fun video below, which gives a great idea of how light changes from day to night.

7 Spectacular Beachfront Properties Around The World

Worried about the so-called “heat dome” that’s about to turn the city into a miserable, sweaty, disgusting cesspool this weekend? Well for the monyed set, one-hundred degree temperatures mean only one thing: escaping the city for the cool ocean breezes of their lavish summer homes. For those who haven’t yet invested in such a home, we’ve collected a number of suitable options currently on the market for your consideration below.

6901 Collins Av PH, Miami Beach, Florida
$25,000,000
7,945 square feet, six bedrooms, seven bathrooms
See forever in this all-glass two-story penthouse that has a glass elevator, a glass staircase and an infinity pool. Just don’t throw any stones.

Cape Yamu, Phuket, Thailand
$22,000,000
21,581 square feet, seven bedrooms and seven bathrooms
The home comes with 111 meters of beachfront property, and (due to it’s insanely large size) has space for eight live-in staff.

22 Lelands Path, Edgartown, Massachusetts
$20,000,000
10,099 square feet, eight bedrooms, nine bathrooms
You can’t ask for better ocean views than the ones on view from this Massachussetts home, which overlooks Katama Bay and about six acres of conservation land.

Villa Verano en Conchas Chinas, Mexico
$16,500,000
37,038 square feet, 22 bedrooms, 37 bathrooms
Not satisfied with just a house? You can buy a resort! This one comes with more than an acre of land and can accomodate 56 hotel rooms and “multiple pools.”

1 Spinnaker Way, Coronado, California$12,900,000
9,380 square feet, eight bedrooms, seven bathrooms
Ahoy! This glass house comes with its very own 100-foot private dock.

Oceanfront Sapodilla Bay, Turks And Caicos Islands
$11,800,000
14,675 square feet, nine bedrooms, nine bathrooms
Privacy is the name of the game at this estate, which comes with two guest homes, a heated infinity pool, a lighted tennis court, a home theater, a gym and most impressive, a dining deck.

Sotogrande, Costa Del Sol, Spain
$7,200,000
27,727 square feet, nine bedrooms and nine bathrooms
The amenities in this property are on point, and include a swimming pool, a bar, two bathrooms, a spa, sauna, Turkish bath and jacuzzi.

Your new home awaits.

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