Category: SoHo

New York After Hurricane Sandy – Videos, Photos, Tenant Advice, Where to Donate and Emergency Contact Information

New York After Hurricane Sandy – Videos, Photos, Tenant Advice, Where to Donate and Emergency Contact Information Aerial View of New York During Sandy's Blackout - Photo Credit: Iwan Baan for New York Magazine (cropped)

As Hurricane Sandy battered Manhattan I nervously watched from my 12th floor West Village Co-op while simultaneously monitoring Facebook posts by friends and acquaintances. On the 42nd floor of a No-Mad condo a friend posted a hair-raising 10-sec video of his overhead lamps swinging wildly from right to left as though he was on a ship in a storm. “What are you still doing there?” a concerned friend asked.  Where would he go, I thought? Other friends have had to leave Read more…

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Wall Street Journal: Multiple Bids Stunning Homebuyers in New York, Miami and Nationwide

Wall Street Journal: Multiple Bids Stunning Homebuyers in New York, Miami and Nationwide Puck Building, New York - Tony Sargent (C) 2012

The Wall Street Journal reported that multiple bids are stunning condo apartment buyers from New York to Miami and homebuyers in California. A lack of inventory compared to demand has been especially evident in New York luxury real estate for over a year. Now multiple bids are occurring on entry-level properties both in Manhattan and in other areas of the country. 3 years ago Miami’s condo market was languishing and its huge inventory remained unsold. Today, between local and foreign investors (namely Brazilian) there is only a 4.1 month supply (34% decline in inventory – see chart below).

In Manhattan while demand for the super-luxury market ($5+ million) has slowed slightly compared to a year ago, fast-increasing rents and low interest rates have lead to the highest level of Read more…

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What is Real Estate?

What is Real Estate?

What is real estate? As I leave my office late tonight, I look at the list on my desk-wall of clients who want to buy or sell. They aren’t numbers to me. They are people: fathers, mothers, children, partners. All with a dream of owning a home or having more space. A place to create memories, to celebrate anniversaries, to laugh, to cry, to perhaps disagree and then come back together. To watch teeth fall and then the 1st sideburns grow.

This is why I do what I do. To help people make their dreams come true, as smoothly as I can. Nothing feels better than to seem them smile on closing day…and five years later. – By Tony Sargent

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NY Art & Real Estate: LA Street-Artist Retna Paints Mural at Bowery Graffiti Wall

NY Art & Real Estate: LA Street-Artist Retna Paints Mural at Bowery Graffiti Wall Bowery Graffiti Wall - Photo by Tony Sargent (C) 2012

In New York, at the corner of Bowery and East Houston, the infamous Bowery Graffiti Wall (where Keith Haring put up the first mural 30 years ago) is currently host to LA based street-artist Retna. His mural, along the four story south-facing wall, served today as the perfect backdrop for this photographer and his model. Nowhere in Manhattan real estate can you feel the intimate mix of luxury condominiums along side such a vibrant culture of music, design and art, as here at the crossroads of Noho, Nolita, the East Village and the Lower East Side.

From the New Museum and The Bowery Hotel on the Bowery to the nearby Elizabeth and Mott Streets, you’ll find a delightful mix of boutique fashion and furniture retailers like Area I.D. and restaurants such as Emporio. The eclectic blocks are punctuated by some other infamous graffiti walls as is found at Jay Meisel’s 190 Bowery. Just off the Bowery on Bond Street you’ll find Ian Schrager’s super-luxury condo, 40 Bond designed by Herzog & De Meuron.

Expect to see more photos and posts on this dynamic area in the coming weeks.

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Downtown Manhattan 3-Bedroom Loft Market Heats Up

Downtown Manhattan 3-Bedroom Loft Market Heats Up 195 Bowery Luxury Condo Loft in Manhattan - Photo By Rich Caplan

Downtown 3-bedroom properties that have gone to contract since December 20th, 2011, have done so in approximately 45 days after coming on the market, according to a quick (and unscientific) study I did today.

It validates what I and other brokers are feeling in the Downtown 3-bedroom market right now. Buyer interest, appointments and open house visits are up. The best inventory is moving quickly and even some properties which are not considered ‘the best’ are selling if their price is reflective of condition.

Areas like Nolita, Bowery, Tribeca and Soho continue to see growing interest from buyers who need space and wish to live in vibrant neighborhoods. Thirty years ago there was a reason to leave the city – safety, school, neighbhorhood. Today Manhattan offers all of that and more. Ask anyone who’s got two or three children under seven in Manhattan. If they can figure out how to make it work numbers and space wise, they’d rather stay here. Perhaps because it provides a more dynamic lifestyle for both parents and children than the suburbs? Your call. But I see demand for 3 and 4 bedrooms remaining solid right now.

Even the larger two bedroom market is seeing a bump. A new loft I listed at 195 Bowery in Nolita/Lower East Side had twenty people at its first open house.

If you have any questions on the Manhattan market or are looking to make a move, feel free to contact me.

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Cool Design: The Crosby Street Hotel – A New York Escape

As a fan of beautiful design sense, one of my favorite spots in chic SoHo is the Crosby Street Hotel, the first American venture of Tim and Kit Kemp’s Firmdale Hotel Group. The gorgeous 11-story hotel was constructed and opened about 24 months ago. It features an elegant brick facade with expansive casement windows reflecting the loft buildings around it. Situated on Crosby Street, a charming cobble-stone street directly in the middle of the much busier Broadway and Lafayette Streets to the west and east, one feels a sense of old-world English charm combined with modern design to create a uniquely warm and inviting space to lounge, have dinner or lunch (the terrace is divine).

The photos of the rooms make me yearn to Read more…

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Buying, Selling, Renting

Market Update

Quick Market Update – NYC Luxury Real Estate

Posted on March 15, 2018

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