Michael Stern Discusses New York’s Stella Tower & New Real Estate Developments

An interview with Michael Stern, one of the key developers behind the now renown super-luxury Chelsea development, Walker Tower, which broke price records and paved the way for even more high-end developments downtown. His newest luxury development, Stella Tower has been selling extremely fast in Hell’s Kitchen. CURBED published the floor plans for the yet to be released $14 million Penthouses a week ago. Stella Tower is being marketed by Douglas Elliman. To me, the rapid transformation of fringe neighborhoods into luxury enclaves like West Chelsea and the continued development of Hell’s Kitchen is truly an incredible New York real estate story. While some lament the past, I lived in Hell’s Kitchen in the early 1990′s and one certainly had to watch one’s back walking home at night. Not any more. New York continues to transform as it always has. – NYS Disclosure

 

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New York Fridays: The People & Places That “Keep It Real”

While we all love luxury real estate and New York’s high-end stores and restaurants and many of us are fortunate to experience this luxury level of living, each day as we wake, go to work, have fun, watch a show, there are 8 million other people in this great city of ours who are “Keeping it Real”.  Like all of us, they go about their days doing their job and making a difference.

Every week I have the fortune of going in and out of luxury homes and buildings. In between I may be in my Uber or a Taxi or if traffic is a bear, the subway. When I pause to look up from my phone, there are people everywhere – from all nations and cultures around me.

It is the people of New York which makes New York so amazing and gives it its unique energy and style.  People come here many times for a new life. With hope from all walks of life and all nations they come here – we come here to make a difference. It’s what inspires me each day – if I can make a positive difference in my clients’ lives and help them realize their real estate dreams, then I can feel I was able to give them the gift of moving into the next chapter of their lives smoothly, and with confidence.

New York inspires me every day to be better, to grow and to give back. So here’s my debut of New York Fridays – A tribute to this great city, its people and places. It may be a moment to share a photo, a video, a story of someone I’ve met that week.  Or perhaps you may want to share your photo or story? This 2 minute video clip made me smile with joy – for it reminded me of how I fell in love with New York in 1985, on a visit from college to the city for an interview. As I walked out of Grand Central the buzz of the city and its people caught me by surprise. I never  looked back. I hope this video will make you smile and fill your Friday with joy. It has mine.

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Macy’s 4th Of July, 2014 Fireworks – Where To Watch in New York

Macy’s 4th Of July, 2014 Fireworks – Where To Watch in New York Top Left to Right Clockwise - Images Courtesy of Macy's | New York Harbor Photo by Tony Sargent

Happy Fourth of July New York! This year marks the first time in five years that Macy’s July 4, 2014 fireworks show will return to the East River from the Hudson River side.  It will therefore be visible from many points with open views of the lower East River in Manhattan, Brooklyn and parts of Queens. Read more…

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Bond Street and the Allure of Noho’s Luxury Real Estate

Bond Street and the Allure of Noho’s Luxury Real Estate Noho Views | Photos by Tony Sargent (C) 2014

One of the most exclusive streets in Noho, Bond Street is receiving a few new luxury neighbors. Currently under construction is Annabelle Selldorf’s 10 Bond Street, which is selling well and receiving praise for its design. Prices start at $4.55 Million (Exclusive is with Corcoran Sunshine). BuzzBuzzHome wrote that 31 Bond Street, a six story cast-iron beauty built in the 1880′s which sold in late 2013 in an off-market deal to Josh Gurwitz’s Good Properties, has just filed its plans for residential conversion; an additional story will be added to the building and it will of course house a trio of luxurious apartments and services to match.

Over the last 20 years Noho, (generally the area between Houston and 8th Street, Broadway and Third Avenue) has evolved into one of the most exclusive residential and bohemian-chic areas of Manhattan. Read more…

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Asia “On The Move” – Who’s In & Who’s Out In Stocks & Why?

Goldman Sachs’ Hong Kong-based Strategist, Timothy Moe Talks Stocks & Investment Strategy – Video

I found this video interview between Bloomberg TV’s Rishad Salamat and Timothy Moe on the state of the Asian stock markets extremely informative. With unique insight and perspective, Timothy provides his and Goldman Sachs Group Inc.’s predictions for the 2nd Quarter.  New York luxury real estate is increasingly attractive to international investors providing strong returns and increasing profits so I find as a luxury real estate broker, being aware of what’s happening around the world is key to potentially predicting trends in Manhattan’s own market. (Source: Bloomberg – April 4th)

After a robust market in the 1st quarter, inventory continues to be tight and prices are showing upward pressure. I will provide a more detailed update this week, however, I hope you find this video informative to your understanding of Asia and its stock markets. – Tony Sargent

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Do you have $90M to Sleep Where Walt Disney Did?

Stunning Carolwood Estate In Holmby Hills

Traveling between New York and Beverly Hills / West LA numerous times a year to meet and work with my bi-coastal clients, I spend time on each trip visiting the best luxury estates and properties available on the market. I’ve seen many luxe homes but this one certainly stands out as one of the most gracious and beautiful properties I’ve viewed in a long time. The Agency, a leading and forward-thinking real estate firm in Los Angeles luxury homes founded by Mauricio Umanksy and Billy Rose, has this beautiful listing in Holmby Hills. Watch the video and see what $90 Million buy you on the West Coast today… – Tony Sargent

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The Ten Most Expensive Manhattan Condominiums For Sale

The Ten Most Expensive Manhattan Condominiums For Sale View from 80 Columbus Circle (Time Warner Building) Apt 77B - Exclusive Courtesy of Brown Harris Stevens

With 78 Active luxury condominium and Penthouse listings priced at or above $20 million in Manhattan as of March 18th, 2014 I wanted to explore and share New York’s Top 10 Active Sales by price. All of the top 10 are either on or near Central Park. The highest asking price is $100 million with lowest of the top 10 being priced at $60 million. As a reference point, in 2008 when the market crashed, $43 million was about the highest price being paid for New York’s top properties.  Today Read more…

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Asia “On The Move” – Who’s In & Who’s Out In Stocks & Why?

Posted on April 7, 2014

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