Joseph Dirand Shares His Design and Architecture Secrets With Shaun Osher

In 2014, award-winning Parisian architect sat down with CORE’s CEO, Shaun Osher to share his inspirations and secrets and which infuse his created spaces with innovative qualities that are a unique expression of his vision relative to each project’s location and also express his own cultural roots.

I’m consistently inspired by CORE’s ability to teams up with the best in architecture, design, development and staging to bring the best marketing and fresh approach to each of our clients’ properties and projects. For more information on how my team and CORE would bring our custom bespoke marketing model to best serve your real estate needs, contact me at Tsargent@corenyc.com or via the contact form above.

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Luxury Real Estate Report: The Sargent Report – Spring 2015

Luxury Real Estate Report: The Sargent Report – Spring 2015

Tony Sargent has released an e-version of his Luxury Real Estate newsletter The Sargent Report – Spring 2015. The current issue features 2015 New York market predictions and other articles: Luxury New Development Update, International Snapshot, Digital 3.0 – Tech & Real Estate, and more.

As the world’s local agent, Tony Sargent provides his unique perspective and insight on Manhattan’s luxury market, as well as globally connected world-cities. A local expert, Tony has developed a private global network of top brokers with whom he shares clients and market knowledge to his clients’ benefit. Tony is tapped to speak at Industry events such as Inman Connect and RE/MAX’s European Annual Convention as well as many others and was recently invited to be a regular author/contributor to the highly acclaimed real estate industry news-site, Inman News recently.

To read the full four-page issue of The Sargent Report as a PDF, click here or on the Report in the right column. For a mobile-friendly Flip-book version, click here.

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Tony Sargent & Shaun Osher | Named To The Real Deal’s Top 5 Residential Agents of the Week

Tony Sargent & Shaun Osher | Named To The Real Deal’s Top 5 Residential Agents of the Week

For the week of December 26, 2014, The Real Deal ranked CORE’s CEO, Shaun Osher and me as one of top 5 agents of the week for our sale of our 30 Bond Street, Penthouse at $5,350,000. We were #5 for the week.

We worked together closely to create engaging marketing and press, outreach to the luxury broker community and worked hard to get every client into the home and find the best buyer for the coop and owners. We ultimately set a record price for the 30 Bond Street and Noho coops.

Inspired and proud to be a part of the CORE Team and a trusted agent Shaun and our clients can count on.

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Fox Business Asks Jonathan Miller, Are There Too Many Luxury Apartments in Manhattan?

Last month, Fox Business’ Deirdre Bolton interviewed Manhattan’s #1 go to person for clear and unfiltered real estate data, Jonathan Miller, President and CEO of Miller Samuel, Inc. a top appraisal and consulting firm. The questions on everyone’s lips today: Are developers building too many luxury homes and super-luxury condominiums in New York? Is there enough demand to meet the supply, and why have we not seen any significant new construction that serves the $3,000,000 or under market in Manhattan for years?

Jonathan does a fantastic job of answering these questions in this video. For a high net worth client considering a new development I recently completed a study of same unit re-sales in some of Manhattan’s top buildings built since 2006. Which buildings saw huge equity growth and which saw little, surprised me. I will share more on that in a future post.

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432 Park Avenue Tops Out | The Tallest Building* in the Western Hemisphere

The uber luxury condominium being developed in New York, 432 Park Avenue, topped out Friday at 1,396 feet high making it the tallest residential building in the Western Hemisphere. If you don’t include the 400+ foot high antenna on top of One World Trade Center, then the top floor is actually 28 feet higher* than One World Trade delivering breathtaking views to its future residents. For the high net worth individual, owning one of these amazing homes with its promised luxurious finishes and views will set you back $17 to $80+ Million. Preview these incredible views – watch the video (below).

Historically, New York’s former top condominium buildings like Time Warner and 15 Central Park West delivered immense investment returns when first owners re-sold their homes. Looking for views and financial security? 432 Park stands out in the luxury home market for its iconic height and world renown location on Park Avenue. 

Sales and Marketing: Courtesy by Douglas Elliman Development Marketing and Macklowe Properties

My Disclosure

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Grand Central Grandeur – Its Secret Rooms and History

To the thousands of New Yorkers and visitors who pass through Manhattan’s Grand Central Station, there is always a moment of silence and awe when they see the grandeur of it. For those who know that once it was doomed to be destroyed and even after it was saved, the walls and ceiling were dingy, the windows obscured by black paint from World War II, to see it today is breathtaking.

This short video by Above New York takes you into Grand Central’s secret rooms and is a reminder that behind the scenes in our great city, thousands toil unseen to make New York the wonderful home that it is for millions and the dream of many more.

Grand Central Grandeur from Above York, LLC on Vimeo.

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New York’s Fall Real Estate Luxury Market Starts Strong

New York’s Fall Real Estate Luxury Market Starts Strong Downtown Manhattan as seen from the Empire State Building - Photo by Tony Sargent (C) 2014

The Manhattan real estate market is picking up again in the luxury sector. While there was a slight lull in the summer between mid-June and July by August properties that had been on the market for a month or two started going to contract.  While I was in in San Francisco in July at Inman Connect’s real estate conference speaking on a luxury panel, I heard that the mid-luxury levels in San Francisco and Los Angeles had also been slow for a month or more. Was the market turning?

Traditionally the Fall market in New York is our secondary market – Buyers who did not have a chance to secure a property in the robust spring market re-enter market again in the Fall after a summer off.

I believe the Fall market started early this year – in August. The intense seller’s market for the first six months of the year lead to a slower June and July because of buyer fatigue. Added to that, listing inventory while having climbed somewhat in the 2nd quarter of 2014 over the 1st quarter was still well below the 5-year averages making it more challenging for buyers to find the properties they hoped for – rather than continuing a seemingly futile effort they stopped. (Read Streeteasy’s July Condo Report here)

As a result, in my view the level of pent-up demand is still extremely high. The buyers who are willing to step up and make a quick decision and not sweat the small stuff with regards to negotiations will buy properties this fall. Those buyers who are choosy and question every aspect of the deal or contract will be a disadvantage in negotiations.

For the buyers who’ve decided to stay put in their current homes until ‘the right one’ shows up some will (like many before them) choose instead to stay put and to invest in a country or Hamptons home to provide the escape from Manhattan.

What I’m seeing in the first two weeks of September is that the mid to high-end luxury market is very strong and contracts are getting signed on new properties and those which had seen showings but no contracts. Listings that I have been following as well as new developments also reported signed contracts in the first 19 days of September. For me August was very busy with properties that went to contract including 30 Bond, Penthouse and 200 Eleventh Avenue after multiple bids.

In the luxury development market new properties have started to be announced for the fall market. The face of New York’s residential real estate is changing, as is the design and height limits. With super tall sky-scrapers coming to the city, it will be interesting to see what the future holds for the world’s global elite in terms of luxury offerings in the future. It’s an exciting period in residential design.

 

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Luxury Real Estate Report: The Sargent Report – Spring 2015

Posted on May 22, 2015

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