Tag: manhattan real estate

Dear Clients and Friends and “The Sargent Report” visitors:  2011 has already proven to be successful which is why I write you today.  After eleven successful years at Prudential Douglas Elliman, I am thrilled to announce that I recently joined one of Manhattan’s most well-respected and highly acclaimed boutique realty firms, CORE.

Each of my clients (you) are unique and important to me and deserve focused attention to help you succeed in the sale or purchase of your home.  Your long-term real estate needs and our relationship are paramount, which is why I have built a client-focused, boutique-style business model versus a volume-driven transaction-based business.

As a top-producing broker and forward-thinking strategic marketer, Read more…

Leave a Comment »

As previously posted, William Zeckendorf signed a contract to sell his luxury New York apartment at 15 Central Park West in the late Fall.  15 CPW is the super-luxury building that he and his brother developed and has become “THE” building by which others are measured appealing to both celebrities and business leaders.   November’s broker buzz was that Zeckendorf may have broken the elusive $10,000 per square foot mark for a Manhattan Apartment.  He did manage to get the cake but not the icing.  Read more…

Leave a Comment »

Two reports released separately by Savills and Knight-Frank (top real estate firms in the UK) in November, forecast that London’s Luxury property values were expected to increase, despite a recent slowdown in the overall UK Market. The Savills report forecast a 33% rise in London’s Prime property prices over the next 5 years vs. just 12% for the UK as a whole.  The report also indicated that market results would be better for grade A properties (owner occupied) vs. grade C (in need of tenants) and grade B (average homes/apartments). 

Why? Like in Manhattan, London’s Grade A houses in affluent areas Read more…

Leave a Comment »

In 2007, when anything went, a lot on the SW corner of Leonard St and West Broadway which housed a sports bar became a construction site. There rose 34 Leonard St. A small handsome building with 16 units, which tried to integrate the Loft Exteriors of the neigbhorhood into the design. It also tried to capture the essence of the time, naming it’s own Sommelier for the project. Yes, your apartment was coming with a wine-specialist. Much was hoped for it, however it failed to close buyers. Perhaps among other things one major drawback was that it was a Condop (a Coop with Condo rules) in a condo world. The developer had to lease the land it was being built on, so it could not be a condo.

Why do land lease buildings get a bad rap? Read more…

Leave a Comment »

According to a Smartmoney.com article on NY Real Estate, the average NYC co-op maintenance fee climbed 19% from 2009 to 2010 (to $1.76/SqFt per month, as quoted by Miller Samuel Appraisers).  In 1999, when I started as a Manhattan agent, the average was generally quoted as between $1.00 to $1.25/Square Foot per month.

Why the increases?  Read more…

Leave a Comment »

Manhattan Market Overview Graph for 2nd Quarter 2010 from Miller Samuel

The 2nd Quarter of 2010 proved to be a solid one for Manhattan Real Estate.  During the Q2 2010 the average price of property increased in the overall market with a huge 80% jump in sales volume over the same period in 2009.  As a result, inventory numbers declined. While financing was still challenging to obtain, more options exist today than in 2009, providing impetus to sales above the $2 Million threshhold.  Read more…

Leave a Comment »

Upper East Side 1Br Market – At the end of June I analyzed the 1Br Market for properties on the Upper East Side between 65th to 83rd and York Ave to 3rd Avenue priced between $400,000 to $650,000. The average price for these units was about $490,000. Median around $485K. The majority were straight 1Brs without an alcoves but respectably sized. Many were in full-service doorman coops. The best prices were East of 2nd Avenue.

Since the end of June buyer activity seems to have slowed a tad overall and in this area too. Read more…

Leave a Comment »