Category: NoHo

The Wall Street Journal reported that multiple bids are stunning condo apartment buyers from New York to Miami and homebuyers in California. A lack of inventory compared to demand has been especially evident in New York luxury real estate for over a year. Now multiple bids are occurring on entry-level properties both in Manhattan and in other areas of the country. 3 years ago Miami’s condo market was languishing and its huge inventory remained unsold. Today, between local and foreign investors (namely Brazilian) there is only a 4.1 month supply (34% decline in inventory – see chart below).

In Manhattan while demand for the super-luxury market ($5+ million) has slowed slightly compared to a year ago, fast-increasing rents and low interest rates have lead to the highest level of Read more…

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What is real estate? As I leave my office late tonight, I look at the list on my desk-wall of clients who want to buy or sell. They aren’t numbers to me. They are people: fathers, mothers, children, partners. All with a dream of owning a home or having more space. A place to create memories, to celebrate anniversaries, to laugh, to cry, to perhaps disagree and then come back together. To watch teeth fall and then the 1st sideburns grow.

This is why I do what I do. To help people make their dreams come true, as smoothly as I can. Nothing feels better than to seem them smile on closing day…and five years later. – By Tony Sargent

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In New York, at the corner of Bowery and East Houston, the infamous Bowery Graffiti Wall (where Keith Haring put up the first mural 30 years ago) is currently host to LA based street-artist Retna. His mural, along the four story south-facing wall, served today as the perfect backdrop for this photographer and his model. Nowhere in Manhattan real estate can you feel the intimate mix of luxury condominiums along side such a vibrant culture of music, design and art, as here at the crossroads of Noho, Nolita, the East Village and the Lower East Side.

From the New Museum and The Bowery Hotel on the Bowery to the nearby Elizabeth and Mott Streets, you’ll find a delightful mix of boutique fashion and furniture retailers like Area I.D. and restaurants such as Emporio. The eclectic blocks are punctuated by some other infamous graffiti walls as is found at Jay Meisel’s 190 Bowery. Just off the Bowery on Bond Street you’ll find Ian Schrager’s super-luxury condo, 40 Bond designed by Herzog & De Meuron.

Expect to see more photos and posts on this dynamic area in the coming weeks.

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