5 Spring Must-Dos for Manhattanites

5 Spring Must-Dos for Manhattanites Spring in Central Park's Sheep Meadow with One 57 in the background | Photo: Tony Sargent

As our warmer than usual winter recedes, spring is slowly taking hold in New York and city-dwellers are trading their Canada Goose parkas for spring’s floral dresses and Chanel espadrilles. My team has rounded up a few of our favorite places to chill or see and be seen this spring in the city – Read more…

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Monday Market: International Minute

Monday Market: International Minute Hong Kong real estate market in decline? Photo: iStock.com/JonasBrodd

One of the top questions my international clients ask is, “How does New York’s luxury real estate market compare with top international markets?” While New York luxury real estate’s top-end has showed some cooling in recent months due to over-supply above $10M, demand continues for luxury homes (especially 3+ bedrooms) priced between $3 and $5 million.

Despite a strong dollar, New York is still an attractive buy for foreign investors versus other top global markets, given New York’s political and economic stability and more affordable prices. At the same time, expect savvy US-based investors to explore expanding their global portfolios.

For buyers and investors from China who can expatriate funds, US and New York real estate continue to be strong beacons of hope. While the dollar has risen against China’s Yuan, the Yuan’s 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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Art Rules by Bill Cunningham – The New York Times

Do you love art and people watching? Before it’s gone schedule a couple hours Sunday, March 6th to make your way to The Art Show along with several of the other shows happening (PULSE Contemporary Art Show in Chelsea on 18th Street).

While many lament that the art scene and artists have disappeared from New York (high rents and gentrification), I love these art fairs and the Thursday night Chelsea Art District openings as much for the art as the fantastic people watching! It’s also a great reminder that art and creativity is a huge part what makes New York amazing.

If you are thinking of buying art, choose wisely and with your heart. Art makes a home come alive. I find that when staging our client’s homes, significant art and warm accessories truly add the personality to a home.

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Flying Private for Less: 3 Luxury Services are the Uber of Private Jets & Helicopters

Flying Private for Less: 3 Luxury Services are the Uber of Private Jets & Helicopters Travel private to your next destination | Photo: iStock.com / Mechanik

Whether your travel getaway plans are to jet off to Anguilla or Aspen, the way you travel should be as distinguished as your final destination. Thanks to an array of new services, discerning travelers are making the leap from commercial first class to flying private without investing in their own Gulfstream. We’ve rounded up a few favorites so you travel in style and arrive well-rested wherever you’re headed next.

NetJets: As the original fractional ownership and jet rental company, NetJets’ longevity is well earned. The company offers Read more…

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How the Co-Working Revolution is Reshaping New York Real Estate

How the Co-Working Revolution is Reshaping New York Real Estate New York and Brooklyn Bridge from Dumbo's Brooklyn Bridge Park | Photo: Tony Sargent NYC

From Midtown West to Dumbo Heights, co-working spaces are upending traditional office rentals, driving urban regeneration, and transforming the neighboring residential real estate landscape, too.

An influx of creatives into transitioning neighborhoods has a direct impact on the value of residential real estate. Co-working strengthens the connection between people and the places they share. Where co-working spaces go, so too go Millennials, who may ultimately become renters and buyers in the neighborhood, changing the residential real estate landscape and driving up property values.

For an insider’s take on the market, Read more…

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

Posted on April 4, 2016

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