Category: Luxury Homes

5 Questions to Ask Your Listing Broker: Why High Listing Prices Can Be Deceptive

5 Questions to Ask Your Listing Broker: Why High Listing Prices Can Be Deceptive 66 Ninth Avenue, The Porterhouse Condo - Photo: Rich Caplan

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In the face Manhattan’s rapidly evolving real estate micro markets, deciding on a listing price for your Chelsea or West Village luxury home requires careful consideration.

Deciding on Listing Price: Considerations for Your Listing Broker

When interviewing a listing broker, nearly every conversation boils down to this question: “What price should I list my property at?”

If your potential broker follows up with a record listing suggestion, dig deeper into the reasoning behind this suggested listing price and the broker’s track record. I recommend asking the following five questions: Read more…

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Monday Market | For Sellers: Are Prices Dropping Downtown?

Monday Market | For Sellers: Are Prices Dropping Downtown? West Chelsea's High Line District and Cary Tamarkin's 456 West 19th Street | Photo: Tony Sargent

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Has ultra-luxury development gone too far? Cary Tamarkin’s 10 Sullivan development announced that it is splitting its 8,000 Square foot Soho Penthouse, following CIM Group and Macklowe Properties late 2015 decision to do the same to some larger unsold units at the ultra-luxury 432 Park Avenue. Brokers have begun to quietly wonder if we’ve hit the peak of luxury in price point and market saturation.

Starting in 2013, strong demand for downtown luxury new developments combined with extremely low re-sale inventory caused re-sale values to skyrocket. The price-per-square-foot ceiling rose on all sales as local, domestic and international buyers snapped up properties at a frenetic pace.

Lately though, I’ve been noticing Read more…

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Art Rules by Bill Cunningham – The New York Times


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Do you love art and people watching? Before it’s gone schedule a couple hours Sunday, March 6th to make your way to The Art Show along with several of the other shows happening (PULSE Contemporary Art Show in Chelsea on 18th Street).

While many lament that the art scene and artists have disappeared from New York (high rents and gentrification), I love these art fairs and the Thursday night Chelsea Art District openings as much for the art as the fantastic people watching! It’s also a great reminder that art and creativity is a huge part what makes New York amazing.

If you are thinking of buying art, choose wisely and with your heart. Art makes a home come alive. I find that when staging our client’s homes, significant art and warm accessories truly add the personality to a home.

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Flying Private for Less: 3 Luxury Services are the Uber of Private Jets & Helicopters

Flying Private for Less: 3 Luxury Services are the Uber of Private Jets & Helicopters Travel private to your next destination | Photo: iStock.com / Mechanik

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Whether your travel getaway plans are to jet off to Anguilla or Aspen, the way you travel should be as distinguished as your final destination. Thanks to an array of new services, discerning travelers are making the leap from commercial first class to flying private without investing in their own Gulfstream. We’ve rounded up a few favorites so you travel in style and arrive well-rested wherever you’re headed next.

NetJets: As the original fractional ownership and jet rental company, NetJets’ longevity is well earned. The company offers Read more…

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Monday Market: Co-op Sales Hit New Low Due to Scarce Inventory

Monday Market: Co-op Sales Hit New Low Due to Scarce Inventory 891 Park Avenue, 3rd Floor sold for a record price in 2015, however, downtown condos sell for more per Square Foot. Photo: Rich Caplan

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In 2015, a confluence of micro-market trends led to one of Manhattan’s most successful – and competitive – real estate years on record. My team and I have been digging through the numbers to better understand how 2015’s trends will impact sales in 2016.

Average Sales Prices Up 12% in 2015, Re-Sale Up 15%, Lofts Up 13%

Overall, average sales prices increased by 12 percent. New developments and re-sale prices increased 8 and 15 percent respectively, according to Jonathan Miller’s quarterly report. Average price-per-square-foot skyrocketed 28 percent over 2014. Median prices rose a strong 15 percent, thanks to multiple new luxury development units closing during Q4 2015 that went to contract during 2013 and 2014.

Co-op sales volume Read more…

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Top Luxury Travel Guides for Weekend Getaways

Top Luxury Travel Guides for Weekend Getaways The French Alps and Lake Geneva as seen from Nyon, Switzerland | Photo: Tony Sargent NYC (C) 2016

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I recently returned from a last-minute trip to Switzerland to visit family. Since my brother, sister and close family friends live near Geneva or Zurich, whenever I travel to Switzerland I’m lucky to get an insider’s take on where to eat, shop and play.

Where do you go when you need an insider’s guide to your destination’s top luxury design hotels, foodie hot-spots, designer boutiques and galleries? Obviously a Lonely Planet guide isn’t going to cut it. These four guide series Read more…

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Early Fall-Out From Treasury Department’s New Real Estate Disclosure Rules?

Early Fall-Out From Treasury Department’s New Real Estate Disclosure Rules? New York Times report on LLC purchases spurs new rules on owner transparency - Photo: Tony Sargent NYC (C) 2016

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Thanks to today’s globalized economy, few blink an eye when real estate investors snap up properties around the globe. Most of the time, buying a pied-a-terre here and a villa there is simply a particularly fabulous form of collecting or a portfolio management decision.

In 2014, the New York Times ran an investigative report on some Read more…

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Buying, Selling, Renting

Market Update

New York Luxury Real Estate: Why Manhattan’s $10M+ Market Offers Huge Buyer Opportunity

Posted on February 1, 2019

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