Category: Tribeca

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 Walking up and down Devoe, Ainslie or Powers street old homes have been replaced by more modern designs.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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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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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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Quick Market Update – NYC Luxury Real Estate

Posted on March 15, 2018

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