Half of under-40 homeowners remain underwater, the “best living room” in Manhattan … and more

1. Hoboken is the second best place to live for the rich and single [CNN]
2. This $20M Upper West Side listing may just feature the best living room in New York City [NYDN]
3. Times Square’s 64-year-old Colony Records is the latest victim of digital downloads [NYT]
4. During renovation, Woolworth building will be shrouded in photos of Canyon of Heroes honorees [Crain’s]
5. The L.I. estate of socialite Cornelia Guest can be yours for $6.9M [NBC]
6. The many advantages of investing in student housing [NYT]
7. Check out the old Wild West town owned entirely by billionaire Bill Koch [NYDN]
8. Vandals inflict $100,000 worth of damage on Brooklyn’s Greenwood cemetery [Post]
9. Paris-based tea shop Le Palaise des Thes to open UWS and Soho stores this year [Crain’s]
10. Terrence Lowenburg guts Avenue A building, adds two stories [EV Grieve]
11. Homeless shelters aren’t quite the “pleasurable experience” Mayor Bloomberg claims them to be [NYDN]
12. How a Brighton Beach restroom was turned into “one of the most unexpected public bathrooms in the city” by a Parks Department employee [NYT]
13. Federal court slams Westchester for ignoring fair housing mandates; county forced to reintroduce Section 8 legislation [WSJ]
14. Half of under-40 homeowners remain underwater [NYT]
15. NYCHA fills general manager role with business executive that lacks housing experience [NYDN]
16. West 44th Street’s Harvard Club spurred a bevy of similar institutions upon opening in 1894 but outlasted them all [NYT]
17. Dumbo book store expands to Park Slope to reverse area’s “book exodus” [Brooklyn Paper]
18. Meet New Yorkers who capitalized on cheaper real estate and live near Yankee Stadium [NYDN]
19. Buyers’ search for a $1.5M to $2M condo that would allow three oversized dogs [NYT]