Category: Luxury

Buying Real Estate: “Collections” by Compass Makes It Easier

Buying New York real estate, or any real estate usually involves working with a buyer’s broker. Traditionally since around the mid-1990s that meant hundreds of emails back and forth over the course of your search over the period sometimes of many months to track which properties you or your broker were interested in. As technology and the world moved forward to a smooth and friction-free existence in process – for some reason, real estate did not. Sure, you get alerts from portals and your agent did too, but ever miss an email? Miss a new listing before it was snapped up? No more.

Compass created “Collections” for you and for your agent to be in synch with the market and your desired parameters, 24/7 in real time. No more emails. All your notes, discussions, hopes and dreams in one online location that’s on your phone or browser.

Want to make sure you don’t miss your next dream house? Download the Compass App or visit Compass.com to get started and contact me at Tony.sargent@compass.com. Let’s get your search moving from “I’m hoping for…” to “I can’t believe I found my dream home…” – Tony Sargent

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Design Wednesdays – Why Hardwood Floors Are Worth It

DLY_8788_DLY_8790copy_Tony_Sargent_New_York_Real_EstateHaving sold everything from classic lofts to the most modern of ultra-luxury apartments and townhouses in New York City’s real estate market, one of the most asked questions I get as a listing broker or buyers is this: What kind of floors are these?”

If you are thinking of renovating your home or apartment, new kitchens and baths are definitely high on the list of items to transform, however travel with caution if you don’t replace your floors. In cities which have cold winters hardwood floors provide texture and warmth.

New floors make a huge visual impact on your home. Why? As you know, flooring covers your entire apartment. How it appears affects buyer’s impressions of your apartment and therefor its ultimate sale value. How many people skip spending money on their floors. Do. You’ll get it back multiples.

Over the years I’ve had several listings which had old floors. On one which lingered for 3 months on the market buyers could not get past the aged floors. We recommended the seller install new hard wood floors. She invested $15,000 in them – we received an offer to buy within days after it went back on the market, $120,000 above where the most recent offer had been.

I stage properties for my sellers. On a recent sale (and estate) we removed wall-to-wall carpets that had been down for over thirty years. The floor was dark and old. We sanded them, replaced old tiles and lightened them and used a matte polyurethane finish. Within ten days of listing the apartment went to multiple bids and into contract. The refinishing cost? $3,000.

Last week I listed this luxury 2-bedroom condo in Chelsea at 151 West 17th Street (see photo).

The owner spent money replacing the original maple composite floors installed by the original developer with custom wide-plank (5″) white oak, installed over a cushioning sub-floor. The floors look amazing which makes the apartment desirable and they feel like butter underfoot.

Thinking about selling your home and need some design tips for flooring? Feel free to contact me – or – check out this fantastic article from Elle Decor – “The Complete Guide to Hardwood Flooring Types and Costs“. It really breaks down the wood types, and what qualities they have which may make them more or less desirable for your intended use.

Last Tip: If you can afford it, spend the money for hardwood or top quality composite hardwood floors. In Manhattan at least, stay away from laminates that feel have a plastic look or feel to them. Buyers notice laminates immediately and most don’t respond well to them.

Photo Credit: Dooley Images

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Why Compass? Our Mission.

After 18+ years in New York luxury real estate – having worked at both one of the largest firms for my first 11 years and a boutique luxury firm for 7, I felt the need to grow and be inspired again. Looking forward to the future, I felt that as we move forward in the world, technology will be playing a bigger part in the real estate industry. Real estate is always going to be a person to person business, but how you search for your home and how we are able to put technology to work for you, in my mind will make all the difference in your success.

Here’s what Compass is all about…for you. If you have any questions, reach out. No obligations. I’m happy to answer any of your real estate questions. Connected from London to San Francisco, Hong Kong to Dubai, anywhere you go, I’m here to help advise you. – Tony Sargent, NYC

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Off to the Races: 2016 Horse Racing Season Guide

Off to the Races: 2016 Horse Racing Season Guide Kentucky Derby - Photo: iStockphoto/ Jill Lang

Ready, set, hats!

May marks the beginning of horse racing season, and its attendant mint juleps and mojitos, bright sundresses, and huge statement hats. To prepare you for high racing season, my team and I have put together a primer of the most important races, what’s at stake at each this season, and how to answer the most pressing question – what to wear? Read more…

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Met Gala Preview 2016

Met Gala Preview 2016 Photo: iStockphoto/Samaro

Fashion’s hottest night is just days away. This coming Monday, May 2nd, the fashion world will convene on the Metropolitan Museum of Art for the museum’s annual Met Gala helmed by Vogue editor Anna Wintour. Everyone from Beyoncé and Jay-Z to George and Amal Clooney to fashion world icons like Cara Delivigne and Stella McCartny clamor for invitations, Read more…

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New York Design Spotlight: Michael Aram

Michael Aram Home Brings Modern Energy and Timeless Tradition to NYC’s Luxury Real Estate Interiors

In Hindi, “aram” literally translates as “ease”. Hindi speakers use the word to connote gentle movement with peace, love and care. This is exactly the ethos award-winning artist Michael Aram evokes in his timeless metal-ware, home-ware and fine jewelry designs. Read more…

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Monday Market Video: Average Manhattan Home Now Costs $2M

Alexis Christophorous Interviews Jonathan Miller on Manhattan’s Luxury Market & Foreign Buyers

Last week major real estate firms in Manhattan issued their Q1 2016 Manhattan Market Reports. According to the reports, the average Manhattan home now costs $2 million. The reports also reveal some interesting insights into foreign buyer trends and the larger real estate market.

When speaking to clients in the last few months, these questions have come up repeatedly Read more…

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Monday Market Video: Average Manhattan Home Now Costs $2M

Posted on April 4, 2016

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