Category: New York

Best of Chelsea and Downtown’s 2-3 Bedroom Condos and Lofts

Sunday is “Open House” day in New York real estate. Here’s a list of some gorgeous downtown properties in Manhattan (Scroll Down over My Image & Click onto each listing to view it). From Chelsea and Flatiron to Soho and Tribeca, if you’re looking for a 2-3 Bedroom Condo, Coop or Loft home, check these listings out. Open Houses are happening today. For more information and to receive answers to any of your questions about buying or selling in New York, contact me at Tony.sargent@compass.com. I’ve had 18+ years of experience working with clients in Manhattan and Brooklyn. Happy to share my knowledge with you!

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Quick Market Update – NYC Luxury Real Estate

Quick Market Update – NYC Luxury Real Estate 60 Powers Street, Williamsburg Brooklyn - Photo: Tony Sargent

Wherever you are in New York, people ask – “How’s the market?” “The Market” really depends on which segment of the real estate market you are interested in. New York’s market is divided by neighborhood, by price point and property type.

Sellers ranging from Greenwich Village Studios to Deluxe Upper West Side apartments and to West Village Townhouse owners have contacted me lately asking about the market and evaluating selling. I’ve been actively marketing 2-3 Bedroom homes in Chelsea and Williamsburg, Brooklyn giving me a deep snapshot into the market on multiple levels.

  • West Village Studios – ($550K to $850K)  – The Studio / 1Br market is picking up again after a slow summer and fall. Contracts are being signed at a faster clip. Prices seem to be stable
  • Chelsea 2-3 Bedrooms – ($2.25M to $3.3M) – Chelsea continues to have higher levels of inventory in this category, providing buyers with some opportunity. Well priced listings are selling, or those listings that lingers have been going to contract, after their prices align with buyer expectations. On average 5-7 contracts have been signed per month with approximately 50+ active units on the market. My listing has a contract out. Fingers crossed!
  • Williamsburg –  When you move away from the Williamsburg waterfront and look at townhouses, there is little on the market that is not older. Around the Lorimer Street / Metropolitan Avenue area development of multi-family homes is evident. Walking up and down Devoe, Ainslie or Powers street old homes have been replaced by more modern designs. The are is vibrant and for the un-initiated, the Lorimer / Powers area is almost the perfect tip of the triangle to be able to have access to South Williamsburg and Williamsburg Bridge within minutes or being able to access the Bedford Street area and McCarren Park of Williamsburg. My listing there at 60 Powers Street has seen a lot of activity of late. Buyers are out in force – and many already live in the area and are renting or begrudgingly looking outside of Dumbo where they have been enjoying loft living for many years.  The big question is this: What about the L-train?  After being in Brooklyn now for two months to prep and stage my listing and market it, I’m in love. The train also (especially from Lorimer St) will hopefully be less of an issue than one thinks. To get to mid-town it’s four short stops to Court Square and a connection to the E or 7 train as well as others. For downtown, it’s easy to get to the J,M and Z trains.
  • Luxury Properties – The luxury sector has picked up significantly compared to 2017. That’s not to say it’s flying, however buyers who were on the sidelines have jumped into the market and are buying properties which have been reduced in price. Reports have been showing 24+ signed contracts over $4 Million which is a significant jump from the slower months recently. New Developments are still commanding the highest prices and volume of new luxury contracts with their views, amenities such as private garages and secure driveways like at 70 Vestry Street in Tribeca.

Bottom line: It’s still a challenging market for most, however if well positioned both sellers and buyers have opportunity in this market. If you have any questions, please contract me. I’m happy to help you.

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Recently Listed – A Luxurious 2-Bedroom Condo That Will Steal Your Heart

The Campiello Collection in Chelsea was developed by Elad. It was one of their first condos in New York in the early 2000’s when most people would head to the Upper East Side still when looking to buy, to find themselves a Classic 6 – as the traditional 2-bedroom coop homes were referred to with their closed kitchens and small maid rooms. While no one measures square footage in the same way, these ranged from 1,400 to 1,600 Square Feet.

By 1998 developers had started to convert former warehouses in lower Manhattan and Chelsea was about to undergo great change. Formerly the Barney’s parking lot (Barney’s is back – around the corner) this building was built ground up as a boutique full-service luxury condo. One of its key features that make it stand out today are the extra spacious living rooms and bedrooms. To attract buyers downtown back then, it was all about space. By the 2004 developers started chopping the apartment sizes down so many later New Developments in Chelsea and the area had small second bedrooms and tighter living / dining combinations.

This home was recently updated with the most beautiful of 5″ wide plank white oak floors which look and feel incredible under your feet. Peaceful beyond belief, this residence is a great escape from New York without having to leave. Enjoy this short clip. Price: $ 2,995,000

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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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New To Market – Renovated Chelsea 2-Bedroom Condo

New To Market – Renovated Chelsea 2-Bedroom Condo Photo: Dooley Images | 151 West 17th Street, Apt 7H, New York

It’s always a pleasure when as a New York luxury real estate agent I have the opportunity to work with a seller who’s beautifully renovated their home. I’m excited to have just listed for sale this 2 Bedroom luxurious condominium in prime Chelsea. Moments away from the Rubin Museum, Chelsea art galleries and Flatiron’s best restaurants including ABC Kitchen and Gramercy Tavern – this home offers more square footage than many in its class, an extra spacious Master Bedroom Suite with an en-suite Spa Bath and soaking tub. The perfect home for entertaining or lazy Sundays. Peaceful and sunny. Learn more by clicking on this link for pricing and upcoming Open Houses. – Tony Sargent –

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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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Quick Market Update – NYC Luxury Real Estate

Posted on March 15, 2018

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