Recently, a quietly seismic event occurred in the East Village. Located on an unremarkable block, an enormous 80 year old Con Edison substation has been transformed into a phenomenal cultural space. It opened early this month, presenting a comprehensive collection of one of the neighborhood's most prolific artists, Jean-Michel Basquiat. Leaving the incredible space, I had a deeper understanding of an artist who was truly a disruptive, influential pioneer in my neighborhood.
The energy coming out of the Hudson Yards Development is palpable. Thomas Heatherwick’sVesselopens tomorrow. Sales launch of 35 Hudson Yards , a 1,000-foot tower designed by Skidmore, Owings + Merrill’s David Childs, also kick off, where pricing of its 143 condos will start at $5 million.
And seen from almost anywhere in the city, the deck at 30 Hudson Yards dubbed “The Edge” is rapidly coming together. Jutting out from the building over 65 feet and claiming top spot as the highest deck in the Western Hemisphere, this public balcony will be ready for its debut early next year.
Q4 finds Brooklyn following Manhattan into a buyers market. Inventory is up 6%, signed contracts down 18% and closings down 24% year over year.
While price points are starting to be more attractive for buyers, sellers can also take advantage of the market by making their properties stand out from the growing inventory with exceptional staging, marketing and intelligent pricing strategy.
Many of us have skiing on the mind this time of year. At the Berman Buckskin Ranch, only 13 miles from Telluride, you can find yourself on a pristine slope within minutes. Or in your own Equestrian Barn…or in your own fishing hole…..or on your own shooting range. The property also includes a main home, guest house barn, garage, livestock barn, shed, shop, stable located on 1500 acres of pristine mountain country.
A once-luxe stretch of the West Village that, until recently, was pocked with empty storefronts, is starting to return to its old glory. Fifth Avenue 2.0 no longer, new independent boutiques, many run by women, are starting to breath new life into the area. Find out what is behind the resurgence in this article from the NYT.
Highlights from Q3 Brooklyn Insights: Inventory continues to be tight throughout the borough, pushing prices slightly up.
The number of contracts signed in the sub-$2m market is down, suggesting a slow down that price point. .
The $2M - $3M price segment exhibited a 14% Y-o-Y increase in velocity mainly driven by the following factors: 1) rising interest rates, which pushed leveraged buyers to lock in current financing terms before rates rise again; and 2) sellers having more reasonable price expectations and accepting discounts to get deals done.
Key neighborhood facts:
Ft Green saw the largest Y-o-Y increase in active units due to new developments hitting the market.
Brooklyn Heights saw the largest increase in median asking price as a number of high end coops hit the market
Dumbo is still the most expensive neighborhood in Brooklyn with a median asking price of $2.m!
This year’s midterm elections are of incredible importance and more than ever, your vote counts!
According to WNYC, about 7 percent of the city’s 1,231 polling locations have been assigned to new locations, affecting 4 percent of the city’s nearly 5 million voters. While these numbers might seem small, the change impacts nearly 200,000 voters at 89 polling places.
There was a time where I would chose beach over woods and day of the week, but living in NYC for almost two decades has me heading upstate to some beautiful and less crowded spots. If you are considering a road trip upstate, here are four properties I highly recommend. Click through to discover and book!
With the post Labor Day real estate market right around the corner, we are working with sellers to get their properties ready to list. No matter how beautiful your space is, here are 5 things you can do to get it ready to sell (or spruce it up if you are sticking around) and see much better returns! Well staged homes can demand 20% more than those left untouched. Contact me if you are looking to get your home in shape!!
Last week, I previewed a number of high end properties near downtown Greenwich. Many of my clients are considering the area for waterfront access, proximity to NYC (45min) and perhaps most important, low taxes. We visited some fantastic listings (by land and boat!) and this waterfront property really captured my imagination.
While buyers in the Brooklyn market may be taking a similar pause as their Manhattan counterparts, listings are moving at a more solid clip. Overall inventory numbers remain relatively stable or down and sellers are aligning themselves with current market expectations which has lead to quicker absorption and a more active environment.
In any market, properties priced correctly, staged beautifully and marketed effectively will stand out and bring positive results for their sellers. Contact me to discuss how to get the most out of your investment!
For just a couple incredible days a year, the Manhattan sunset transforms the city into a magical place with light flowing directly down east to west streets, unencumbered by our tall buildings.
And it is happening tonight!
Conditions for viewing are expected to be perfect, with clear skies and summer temps. The sun will be setting at 8:27pm so try to find a spot (a little early!) along 14th, 23rd, , 34th, 42nd or 57th Streets and enjoy the ride!
It is official, we have shifted to a buyer's market in Manhattan due to a large increase in available inventory and decrease in transactions.
Well priced listings are still moving quickly in all segments though we have noticed higher velocity primarily in resale neighborhoods (East Village) vs. those currently saturated with high end new development (Midtown West).
Many of my clients and friends have been looking upstate New York rather than to the beaches for second home and as a weekend destination. Traffic seems to be lighter, the crowds a bit more mellow and prices more reasonable.
Did you know that about 1,200 buildings in New York City have green roofs, covering almost 60 of the nearly 40,000 total acres of rooftops? Large commercial building and brownstone owners alike understand the upsides that include retain rainwater, decreasing sewer discharge, and also assist in reducing air pollution. L
As the weather warms up, many of us will be heading to the beach or the woods to cool off. As the sun sets, a fire is a great way to extend the day bringing friends and family together for smores and drinks. Growing up digging fire pits into the dirt/sand a lining with rocks, the art of the summer night fireplace has come a long way.
Ever wonder how expensive the City's top condo buildings really cost? CityReality just announced 15 Central Park West as its top performing condo for this past year (April 1, 2017, to March 31, 2018) with an average cost per square foot of $6045. See below for top ten of the CityRealty 100 report and contact me to visit any of these properties.