Category: Tribeca

Manhattan Market: What Does a $2.5M Condo Really Cost Foreign Buyers Today?

Manhattan Market: What Does a $2.5M Condo Really Cost Foreign Buyers Today? Rise in local currency cost to a foreign buyer for $2.5M NY property, from 2014 to 2016 based solely on currency value fluctuation

Much has been written about Chinese and Russians dropping $30+ million on Manhattan luxury condominiums since 2012. As a result, even sellers of condos priced between $1-4 million ask: “Where are the foreign buyers for my home? What will you do to attract them?”

While huge amounts of foreign currency is being spent on US real estate, not every property type is benefiting from it or is appealing to an international buyer. Generally, foreign buyers who Read more…

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Why Manhattan Real Estate Keeps Attracting International & Domestic Buyers Alike

International and local buyers keep falling in love with Manhattan real estate. Downtown, buyers are snapping up luxury new developments in Tribeca (56 Leonard), Chelsea (Walker Tower), West Chelsea and the West Village (150 Charles) and its expected that several new Hudson Yards projects including 520 West 28th to be designed by famed starchitect Zaha Hadid for Related will sell out quickly.

Manhattan real estate prices on average double every ten years drawing investors, however, I believe part of the magic of New York is that moment when one sees the lights of the city or a view one never had seen before. The city continues to grow and improve adding to its live-able quality and attracting buyers from all demographics and nationalities. Of course many old-timers lament the city’s change, but change is a constant in New York.

Cameron Michael has captured the essence of Manhattan in this Manhattan Project time-lapse video, which I wanted to share with you. Fall in love again…

The Manhattan Project HD from Cameron Michael on Vimeo.

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13 New York Buildings That Turn 100 in 2013 – New York Architecture & History

13 New York Buildings That Turn 100 in 2013 – New York Architecture & History Source: Curbed.com - March 18, 2013 Article by Hana Alberts

In 2013 13 historically important and beautiful New York buildings will turn 100 years old. While Manhattan is a city of change and new buildings like the Freedom Tower, One57, and 56 Leonard Street capture our attention today, passing by the stately buildings of the past like The Woolworth Building or Grand Central make our daily lives richer in New York. Sometimes I force myself to put my phone away as I move around the city and look up at buildings I have never noticed before. The wide collection of stunning architecture we have in New York is refreshing. See New York’s best of 100 years ago, couresty of Curbed.com’s summary of each building and a link to the building’s web-sites. As spring hides but waits around the corner follow this list and create a walking tour for a lazy spring weekend.

Which one is your favorite?

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Manhattan Real Estate Inventory Down | Signed Contracts Up

Manhattan Real Estate Inventory Down | Signed Contracts Up Snow over Downtown Manhattan | Photo by Tony Sargent (C) 2013

In the last weeks both Jonathan Miller (on Curbed) and Urban Digs reported and provided data to support what buyers and sellers alike are finding in the Manhattan luxury condo and luxury loft market; inventory is at seven-year lows and competition among buyers for new apartments that hit the market is super high. Multiple bids are back, especially in the $2-5 Million price point, and buyers in areas like Tribeca, Greenwich Village, the West Village and on the Upper West Side are feeling the heat. While the entry level market is very competitive downtown, pricing still needs to be on-target otherwise buyers are moving onto the next best property.

Check out these graphs created by Jonathan of Miller Samuel and Noah of Urban Digs. They say a picture is worth a thousand words. These graphs take things from ‘broker-speak’ to reality.

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Tony Sargent of CORE is Featured on Tonight’s Episode | HGTV’s Selling New York – Thurs Feb 28th – 6:30PM EST/PST

Tony Sargent of CORE is Featured on Tonight’s Episode | HGTV’s Selling New York – Thurs Feb 28th – 6:30PM EST/PST Selling New York Logo courtesy of HGTV

I’m delighted to share that today, Thursday, February 28th at 6:30pm EST, HGTV’s Selling New York will air a new episode featuring my clients, an international couple, facing a true New York real estate challenge. The couple and their 3-year old daughter welcome twin boys into the family. Sarah and her husband quickly realize their 2-bedroom Bowery condo is too small. Prices on 3-bedroom lofts are rising fast, but they must sell their current home to be able to buy. Read more…

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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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Tony Sargent Publishes a New Tribeca Luxury Real Estate Report – The Sargent Report: Tribeca

We are excited to announce the publication and release of the premier issue of The Sargent Report: Tribeca. It has been designed to provide Tribeca loft owners and you with a time-efficient but in-depth review of the Tribeca luxury real estate market. Including a summary of sales and market activity, details of future new developments and the most recent top condo sales, we hope you will find it informational and of value. Manhattan luxury real estate is moving at a very different pace than the entry-level, and it is our vision to provide residents and buyers of Tribeca high-end condominiums with the best possible advice, analysis, predictions and insight to make confident real estate decisions.

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

Posted on April 4, 2016

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