New York City Real Estate News & Market Trends

Our New York City Condo blog is a source of current information that covers everything from NYC market statistics, news briefs, retail openings and fun happenings. Even though NYC is a big city, it is made up of small communities and we want to help you feel connected! If you have any questions, please feel free to contact us. We would love to speak to you!

Sept. 2, 2019

5 Amazing Condominium Swimming Pools In NYC

Is there anything better than rounding off a long, hectic, loud, hot and humid summer day in NYC at the swimming pool? We don’t think so!

Enjoy your after work with a well-deserved drink at the pool with an amazing view over NYC.

 

These are 5 buildings we love and they guarantee you this experience:

Bristol Plaza Condo

Bristol Plaza, located at 200-210 East 65th Street, is a 50-Story luxurious Tower with 308 elegant residences. Each residence has extravagant living space, in detail planned kitchens and Italian marble bathrooms. Close attention is paid to every detail.

20 Pine Street

The building offers 408 units on 38 floors with a range from studios to 3-4 bedrooms. It is located in the Financial District, downtown’s most vibrant re-emerging neighborhood.

383 West 12th Street

383 West 12th Street is a 7-Story Condo with a range in size from 2,526 square feet to 4,382 square feet. The building offers a rooftop with an infinity-edge pool and oversized jacuzzi, with panoramic views of the Hudson River. On the deck you can also find outdoor showers, two gas grills with a built in dining area for entertaining and a separate workout and meditation deck. 

The Sheffield

The Sheffield, located at 322 West 57th Street known as “billionaire’s row”, offers 580 luxury condos. The building rises 58-Storys with an apartment range from 585 ft² studios to 3,417 ft² four bedroom units.

Celeste Gramercy

Celeste Gramercy, located at 150 East 23rd Street, offers one bedroom residences priced from $1,075,00, two bedrooms starting at $1,795,000, and three bedrooms beginning at $2,950,000. Three bedroom Penthouses starting at $5,950,000. It is designed by the award winning architect Eran Chen of ODA.

 

Posted in Market Trends
Aug. 26, 2019

Roof Top Bars For Every Budget

We all know the feeling, it’s Friday, 4pm and your looking forward to your well-deserved weekend… And then your boss comes around the corner with this super important thing you have to do before you leave, even though he won’t take a look at it till next Monday… So you do as you were pleased. After you have finished that very important task, we’d say, YOU deserve the perfect roof top bar to forget all the stress fom the week and to relax!

As you might already guessed, todays’ blog post will be about roof top bars, some are really affordable, and some are a little bit more fancy.

Continue reading and find the perfect match for you and your friends!

We will start off with a more affordable roof top bar.

 

With a good view of the Empire State Building and Midtown Manhattan the 230 Fifth roof top bar is located, as the name already indicates, at 230 Fifth Avenue, corner 27th.
This roof top bar is perfect, if you like to meet new people or you just want to socialize.
It has a large outdoor area with loads of flowers and greens. For the rainy days they also have big umbrellas and, that’s what’s really cool, they have transparent Igloos where you can enjoy your after-work drink while also enjoying the calming sound of rain pattering on the Igloo.

The average price for a Cocktail is around $14, but in happy hour you can get one for as low as $9.

 

If you want to spend a little bit more but don’t shoot too high, this one might be just right for you!
The Westlight roof top bar is located at 111 N. 12th Street in Brooklyn and is the perfect spot for sunset drinks and snacks! The roof top bar itself is on the 22nd floor and offers a decent view of Manhattan.

The average price for a Cocktail is around $16.

Last but not least, for the guys out there who wouldn’t mind spending a little more on your weekends’ roof top experience, the famous Bar SixtyFive at the Rockefeller Center.
Located at 30 Rockefeller Plaza on 65th floor, amazing views are almost guaranteed, as it is New York’s highest roof top bar. Here you will find a very fine dining area, and a bar / cocktail lounge with a wide variety of food and drinks. Everything it takes to have a nice evening with your friends or your girl- / boyfriend!

The average price for a standard Cocktail is around $20.

Aug. 20, 2019

Summer 2019 Update

Dear Readers,

New York State Real Estate Transfer Tax Reform came into effect on July 1, 2019.  

Our chart below outlines the new tax rates as of the date of this publication.  This chart should not be used as a substitute for advice from your accountant and attorney.State Real Estate Transfer Tax Reform came into effect on July 1, 2019.  

Our chart below outlines the new tax rates as of the date of this publication.  This chart should not be used as a substitute for advice from your accountant and attorney.

Please feel free to contact us with any questions!

* The NYC Transfer Tax of 1% for residential sales of $500,00 or less, and 1.425% for more than $500,000, remains in place, paid by purchaser.

Posted in Market Trends
Aug. 19, 2019

Condominiums With Amazing Amenities For Your Pets

You are a dog lover and looking for a home for yourself and your lovely dog? These 3 buildings offer you and your best friend some extra quality time and will spoil you:

15 William Street

The building is located in the heart of the Financial District and offers luxury condominium residences and over 30,000 square feet of amenities. One of them is the outdoor dog park. Your dog will love it!

The Rheingold, Bushwick

The building, located in Bushwick Brooklyn, is the new standard of luxury living. If offers more that 70,000 square feet of outdoor space and 41 unique amenities. If also offers many amenities for your lovely dog:

  • Dog Run in Courtyard
  • Dog Walking Service
  • Dog Sitting Service
  • Grooming Stations
  • Grooming Tubs

21 West End Avenue

The building, located on West End Avenue between 60th and 61st Street, offers great amenities for you, e.g. 4-hour concierge, bar and café and also for your dog, e.g. a pet Spa and an Indoor Dog Park.

Aug. 12, 2019

The 3 Oldest Buildings in Manhattan

St. Paul's Chapel

St. Paul's Chapel is the oldest remaining building in Manhattan, situated on Broadway and Fulton Street. Built in 1766, it is home to an active society of worshipping. Every year, St. Paul's Chapel welcomes over a million tourists.

Fraunces Tavern

Situated at 54 Pearl Street, Fraunces Tavern was constructed by the De Lancey family in 1719 and converted into a tavern in 1762. It is now a well-known restaurant and landmark museum.

Morris-Jumel Mansion

Morris-Jumel Mansion was constructed in 1765 at 65 Jumel Terrace. It was built for his wife and family by Colonel Roger Morris as a summer house. Today, the Morris-Jumel Mansion is Manhattan's oldest house and highlights the Morris and Jumel families ' architecture, arts and lives as a museum.

 

 

Aug. 5, 2019

Historic Buildings

2109 BROADWAY – THE ANSONIA CONDO

Originally built in 1899 as a residential hotel by william earle dodge stokes, the phelps-dodge copper heir and shareholder in the ansonia clock company, the building was named for his grandfather, the industrialist anson greene phelps. Then designed by paul duboy in the 1970s, was converted into rental apartments.

The ansonia offers to residents a bike room and a garage parking with a full time dorman, porter and concierge service with a live-in super. People will enjoy outdoor space thanks to the stunning landscaped roof deck. The roof garden, 12-foot wide corridors, exquisite staircases and posh elevators have been beautifully restored.

Close to riverside and central park and near lincoln center, the ansonia has long been a favorite destination of celebrities.

 

THE HISTORIC APTHORP

The Italian Renaissance Revival building designed by architects Clinton & Russell for William Waldorf Astor, was built between 1906 and 1908 between Broadway and West End Avenue.

This impeccable grand residence has an awesome 6,500 square-foot amenity: a private spa and fitness center with a complete circuit of weight training and cardio equipment, a separate yoga/exercise studio and two adjoining treatment suites each with full bath, a steam room and sauna, an entertainment suite with bar, a catering kitchen, integrated media and billiards, a children’s play room and craft center and an individual storage rooms available for purchase / license.

Jennifer Hudson’s former Apthorp apartment was back on the market for $8M. The apartment that was home to “Dreamgirls” Oscar winner and singer Jennifer Hudson from 2015 to 2016 just hit the market for $7.9 million in March 2019.

WALKER TOWER

This 24-story building tower known as Walker Tower has been designed by the Art Deco-style “architect of the Century”, Ralph Thomas Walker in 1929. Located at 212 West 18th Street between 7th and 8th Avenues it was converted to 47 condo apartments in 2012.

The inclusive amenities package includes a 24-hour doorman, concierge, library lounge with pantry and bar, children’s playroom, fitness center with yoga room, sauna and landscaped common roof deck with dining area, sun lawn, observation area and covered cabana room.

Built before neighborhood height limits were enacted, Walker Tower is advantaged with 360-degree panoramas of Manhattan and the Hudson River.

THE MARQUAND

Built in 1913 by Herbert Lucas in Beaux-Arts Revival Style, The Marquand is named for the renowned American Financier Henry Gurdon Marquand.

Service and amenities include 24-hour doorman and concierge, live-in Super Intendant, fitness center with on-site personal trainer, kids' lounge, refrigerated storage for Fresh Direct/floral deliveries in the building and storage rooms available for purchase, building garage is one block away.

Each Residence is designed with meticulous attention to detail to underscore the grandeur of traditional interior spaces and highlight the generosity of proportion and space.

443 GREENWICH STREET

Meticulously restored and its interiors transformed by Cetra/Ruddy Architect in the 1880s, the Building was converted to 53 condo units in 2014.

Residents can enjoy an outstanding portfolio of amenities, including a 24-hour doorman, 24-hour concierge, valet and live-in resident manager but also a 71-foot indoor swimming pool, children’s playroom, 5,000 SF landscaped roof terrace, fitness center, private fitness studios, as well as both men’s and women’s locker rooms with an adjacent Hamam.

It’s become New York’s answer to the Chateau Marmont for some of the world’s biggest stars.

THE PLAZA

The Building designed by Henry Janeway Hardenbergh opened to the public in 1907 offers now 282 hotel rooms and 152 private condo hotel units.

All Residents have access to the large list of amenities and service: Land-marked exclusive Residential Lobby, Landscaped Plaza gardens with Fountain and Reflecting Pools, Five-Star Concierge Service, 24 Hour doorman, The Oak Room, Oak Bar, Palm Court, Rose Club, The Grand Ballroom. All Five Star Services of Plaza Hotel, Health Club/Gym, The Guerlain Spa, La Palestra, Plaza food Hall, and Limousine services.

The French Renaissance château-style building has private terraces and “Juliet” balconies overlook the garden with a cascading water feature to add to its genteel yet grand ambiance.

 

THE MAYFAIR

This building was built in 1925 by architect James Carpenter and the converted to a 68 units Condominium in 1997.

The Mayfair offers to residents a valet parking, an optional maid service, a health club in the basement and a full-time doorman and concierge. You can enjoy the outdoor space thanks to the roof deck and the very elegant restaurant, Daniel.

You won’t feel like you are in a massive condo at all but a small European hotel. Furthermore, you will also hear many different languages in the building as some of the owners are from overseas.

 

July 31, 2019

Condos With Famous Residents

Who wouldn’t like to know where all the celebrities/ famous people live, or have lived?

We did some research for you, so the next time you walk past building x or y you always have a story to tell.

Let’s start off 285 Lafayette Street. This building was originally constructed in 1912 and was subsequently converted into 31 apartments and about 30,000 square feet of retail space. It is surrounded by boutiques, restaurants and excellent public transportation and is also just south of the famed Puck Building on the southeast corner of Houston Street.

No one less then David Robert Jones, better known as ‘David Bowie’, and his wife lived in this apartment. For those of you who don’t know him, he was an English singer and songwriter and also an actor. His world-famous songs like ‘Space Oddity’ or ‘Under Pressure’ are still remembered as one his greatest hits. Unfortunately, Bowie died due to liver cancer in 2016, aged 69.


Next up is 212 Fifth Avenue near Madison Square Park. The majority of you will probably know who just bought a three-story penthouse and the two units below it for a record setting price of about $80 million! Before I tell you who it was, let’s talk a bit about the building and why it was worth spending all that money for it.

“212 Fifth Avenue is an iconic early skyscraper, newly converted to forty-eight exceptional two, three- and four-bedroom condominium residences. Open floor plates, high ceilings and oversized windows create a foundation for dramatic, light flooded residential floor plans with the best of pre-war and contemporary design fused into one. Residences feature gracious entry foyers, galleried hallways, huge loft-like living rooms, fully integrated kitchens, master bedroom suite retreats, dedicated ensuite bathrooms for all other bedrooms, plus powder rooms and smart home technology." Also, the observatory on the third floor of the penthouse opens up into a 950-square-foot terrace that offers views of the Empire State Building, the Flatiron Building, and the World Trade Center.

So, who bought it? It was Jeff Bezos, CEO of Amazon. He bought this gem in April 2019.

Ever heard of the ‘paparazzi-proof’building? If not, you heard it now! Located at 443 Greenwich Street, this 7 Stories und 53 Units building was built in 1882 and doesn’t lost any of its charm. Just look at the beautiful brick façade! Wow, right?! To maintain its look it got meticulously restored by CetraRuddy Architects.

It offers 8 Penthouses sized between 5,000 SF and 9,300 SF, and also 45 loft-style home sized between 2,900 SF and 4,250 SF. Residents like Rebel Wilson, Harry Styles, Meg Ryan, Ryan Reynolds and Blake Lively, Jake Gyllenhaal, Jennifer Lawrence, Jessica Biel and Justin Timberlake can enjoy an outstanding portfolio of amenities, including a 24-hour doorman, 24-hour concierge, valet and live-in resident manager and much more. 443 Greenwich also has a 71-foot indoor swimming pool, children’s playroom, 5,000 SF landscaped roof terrace, a fitness center, a private fitness studios, as well as both men’s and women’s locker rooms with an adjacent Hamam.

But why is it, what they all love about this building? Regarding many websites and articles, it’s starts with the privacy, goes along with the ‘protection’ from the paparazzi’s and there are elevators programmed to ensure that homeowners never have to share ride with a neighbor.

What do you think Lucky Luciano, Frank Castello and Meyer Lansky have in common? They were not only all former heads of the Luciano crime family (later know as the Genovese crime family), but they also used to live in the same building. Any Idea which building it could be? Here is a hint: Vincent “The Chin” Gigante shot Frank Castello in the lobby of this building.
It was a failed assassination attempt.

The Building we are talking about is the “The Majestic” located at 115 Central Park West between 71st and 72nd Street. It was constructed in 1930 and designed by Irwin S. Chanin and Jacques Delamarre in the Art Deco style.

The building contains approximately 220 apartments, distributed on 29 stories. 

Another, not only famous, but also very good-looking building is the Dakota building.
It is located on the northwest corner of 72nd Street and Central Park West in the Upper West Side of the borough of Manhattan. The construction started in 1880 and finished in 1884. It was designed by the Architect Henry J. Hardenbergh. Interesting fact, the building has no fire escapes…
Personalities like U2's Bono, Rex Reed, Jack Palance, Lillian Gish, Boris Karloff, Rosemary Clooney, Connie Chung, Maury Povich and John Lennon with his wife Yoko Ono have lived in this building.

According to author Stephen Birmingham's 1996 book, "Life at the Dakota" the previous resident of John and Yoko's apartment hid $30,000 under the master-bedroom floor. Whether that's true or not will remain a question, as the board of the Dakota refuses to destroy the floor to solve the mystery. 

 

Posted in Fun facts
July 18, 2019

What is New York City's Most Expensive Neighborhood?

Tribeca wins, with Hudson Yards in 2nd Place!

Tribeca wins the top prize for most expensive neighborhood in NYC, according to a report from PropertyShark.com and  Hudson Yards has made the list for the first time ever, ranking as number two.

This list of New York City's most expensive neighborhoods is published quarterly and is calculated by median recorded sale price. Tribeca's median sale price was in excess of $4.3 million dollars  and over  $3.8 million dollars for Hudson Yards.

Which one of the two would you prefer to live in?

Posted in Market Updates
July 1, 2019

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Curious about New York City real estate? It's our obsession! Every month we review trends in the City that never sleeps, and we consider the number of condos on the market in each price tier, the amount of time particular condos have been listed for sale, specific neighborhood trends, the median price and square footage of each unit sold and so much more. We invite you to do the same!

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Posted in Market Updates