House of the Week: 614A Seventh Avenue - Brooklyn Edition

At the highest point in Brooklyn and on a quiet tree lined, one-way street sits a very special townhouse, the likes of which is rarely available. North west windows, decks and balcony include views to the Statue of Liberty and overlook beautiful neighborhood gardens. On the opposite side of the property, floor to ceiling windows capture the tranquil Greenwood cemetery. A planted roof top offers stunning 360-degree vistas including the entire Manhattan skyline and the fenced, landscaped 50 ft deep garden is a private oasis. To some, the most important exterior asset might be the coveted curb cut and garage on which a mural of the famed artist (and Greenwood neighbor), Basquiat graces the door.

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Should He Stay or Should He Go? Kawhi Leonard Free Agency Edition

On the verge of the NBA Playoffs, the league waits in anticipation as one of the the premier players left standing is Toronto Raptors, three time All Star, Kawaii Leonard works to win his first ring. And then promptly becomes a free agent.

While the Raptors organization is working on a deal to keep to keep the three time all star in Toronto, teams across the league are salivating at the chance to sign him to lead their teams to the playoffs!

Enter Toronto developer, investor and brokerage, The Condo Store, who offering to buy the three-time N.B.A. All-Star a penthouse at one of the city’s luxury hotels including the Ritz-Carlton, Four Seasons, St. Regis or Shangri-La hotel residences. Other fine Torontonians started “Ka’wine & Dine,” an initiative among Toronto restaurateurs to offer Leonard free food for life if he re-signs with the Raptors.

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Basquiat Returns to the East Village

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.

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The NYC Roof Deck to Rule Them All

The energy coming out of the Hudson Yards Development is palpable. Thomas Heatherwick’s Vessel opens 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.

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Q4 2018 Brooklyn Market Insight Report

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.

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House Of The Week: Ranch Edition - 101 Buckskin Lane

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.

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Q3 Brooklyn Market Insights Report

Highlights from Q3 Brooklyn Insights: Inventory continues to be tight throughout the borough, pushing prices slightly up. 

  1. The number of contracts signed in the sub-$2m market is down, suggesting a slow down that price point. . 

  2. 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:

  1. Ft Green saw the largest Y-o-Y increase in active units due to new developments hitting the market. 

  2. Brooklyn Heights saw the largest increase in median asking price as a number of high end coops hit the market

  3. Dumbo is still the most expensive neighborhood in Brooklyn with a median asking price of $2.m!

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How to Find Your Polling Location in NYC

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.

To be sure about where you are scheduled to vote this year, visit NYC’s poll locator to find your spot here: https://nyc.pollsitelocator.com/search

And remember to Flip the Ballot! Lots of important issues to voice your opinion on the other side.

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5 Tips for Preparing Your Property to Sell

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!!


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House of the Week: Greenwich Edition - 18 Oneida Court

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. 

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A Sign of the Times

Compass’ Chief Creative Officer, Matt Spangler, has just revealed the real estate sign, reimagined. It’s connected, intelligent, illuminating, and exclusive to Compass-represented properties.

Its lights up when approached. It digitally offers deeper property info to buyers as they walk by. It looks like no other For Sale sign, ever.

Look for it in the markets we serve later this fall. Until then, discover how the listing sign came to life in Fast Company.

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Q2 2018 Brooklyn Market Insights Report

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!

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Manhattanhenge is Tonight!

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!

Click through for more from astrophysicist Neil deGrasse Tyson.

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Back by Popular Demand - Q2 2018 Manhattan Market Report

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). 

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Looking for a second home (or just to get away)? Head North.

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. 

Check out Curbed's "A guide to the small towns of Hudson Valley and the Catskills" for a download on five of the best little towns north of the city.

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