Category: West Village

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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5 Questions to Ask Your Listing Broker: Why High Listing Prices Can Be Deceptive

5 Questions to Ask Your Listing Broker: Why High Listing Prices Can Be Deceptive 66 Ninth Avenue, The Porterhouse Condo - Photo: Rich Caplan

In the face Manhattan’s rapidly evolving real estate micro markets, deciding on a listing price for your Chelsea or West Village luxury home requires careful consideration.

Deciding on Listing Price: Considerations for Your Listing Broker

When interviewing a listing broker, nearly every conversation boils down to this question: “What price should I list my property at?”

If your potential broker follows up with a record listing suggestion, dig deeper into the reasoning behind this suggested listing price and the broker’s track record. I recommend asking the following five questions: Read more…

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Monday Market | For Sellers: Are Prices Dropping Downtown?

Monday Market | For Sellers: Are Prices Dropping Downtown? West Chelsea's High Line District and Cary Tamarkin's 456 West 19th Street | Photo: Tony Sargent

Has ultra-luxury development gone too far? Cary Tamarkin’s 10 Sullivan development announced that it is splitting its 8,000 Square foot Soho Penthouse, following CIM Group and Macklowe Properties late 2015 decision to do the same to some larger unsold units at the ultra-luxury 432 Park Avenue. Brokers have begun to quietly wonder if we’ve hit the peak of luxury in price point and market saturation.

Starting in 2013, strong demand for downtown luxury new developments combined with extremely low re-sale inventory caused re-sale values to skyrocket. The price-per-square-foot ceiling rose on all sales as local, domestic and international buyers snapped up properties at a frenetic pace.

Lately though, I’ve been noticing Read more…

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Say Goodbye to Summer with 5 New York Must-Dos

Say Goodbye to Summer with 5 New York Must-Dos

August may be over, but my team and I are hanging onto summer a little bit longer with these New York warm-weather favorites. Which are on your must-do list?

1. Rooftop yoga at the James: The rooftop of the James hotel in Soho may serve as a hyper-trendy bar by night, but come morning, the roof deck (and its jaw-dropping city-scape views) plays host to some of the city’s top yoga instructors. These pros can be booked for private lessons, and help aspiring yogis perfect their downward dogs and handstands on Thursday morning group classes.

2. US Open: Whether it’s Federer vs. Nadal or Wiliams vs. Williams, tennis devotees like Anna Wintour, Heidi Klum, and Mary-Kate Olson flock to the famed Flushing courts to see the crème de la crème of matches up close in person at the annual US Open.

3. Drinks in the clouds: The city offers an astonishing array of drop-dead gorgeous rooftop bars, each with its own enchanting ambiance. The Press Lounge serves top-notch cocktails to a lively and fashionable crowd; the roof bar of Gramercy Park Hotel is famously secluded and sophisticated; and the Metropolitan Museum of Art installs a blockbuster exhibition on its roof each summer, which visitors can enjoy all the more with a glass of champagne.

4. Lobster roll at Mary’s Fish Camp: The best lobster roll this side of Nantucket can be found at Mary’s Fish Camp in the charming West Village. In a room reminiscent of its yacht clubs, Mary’s also serves oysters fresh from Cape Cod, and is the next best thing to sitting on the dock and the watching the catch come in for the day.

5. Picnics in the Park: No matter how stressful life gets, nothing a quiet walk through Central Park’s North Woods can’t fix. Skip the crowds flocking Sheep Meadow, and take a quite stroll through this peaceful escape. Make it a picnic with baguette, fruit, and cheese snapped up from famed Upper East Side eatery Zabars.

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Apartment Buying Tips: How Did I Know I’d Found My New York Dream Home?

Apartment Buying Tips: How Did I Know I’d Found My New York Dream Home? November sunrise over the West Village | Photo by Tony Sargent (C) 2013

This morning I awoke to this spectacular dawn. The opportunity to experience nature as art in our city of steel and concrete is unique and why a New York view costs more.

Ten years ago, buying my first apartment in New York I looked for three months. When I first started looking, the dream apartment I hoped for was bigger and less expensive than the reality turned out to be. Maintenance would be lower. Then I started looking. 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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CBS 2 Video | Living Large at 39 Fifth Avenue | Emily Smith’s Luxury Penthouse Tour with Tony Sargent and Emily Beare

What does $5.4 Million buy you in Manhattan? New York’s CBS 2’s Emily Smith and her camera-crew set out to find out and visited this beautiful townhouse-in-the-sky in Greenwich Village – a European inspired duplex luxury coop with custom details and a wrap-around terrace. Tony Sargent and Emily Beare of CORE share this listing on Lower Fifth Avenue in Manhattan and together had the opportunity to show WCBS’s delightful Emily Smith this New York luxury Penthouse on downtown’s coveted Gold Coast. Enjoy!

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

Posted on April 4, 2016

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