SPRING HAS SPRUNG! BUYERS AGENTS ARE ESSENTIAL
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n the wake of the March NAR settlement, there’s been heightened scrutiny on the value real estate brokers bring to the table. While this conversation doesn’t directly involve New York City agents, it has prompted most New York firms to revise their listing agreements. Now, sellers have the flexibility to compensate the buyer’s agent differently, even opting not to pay them a commission at all. Working with buyers and giving them expert guidance in a sophisticated
Luxury sales so far this year are the third best in the past 10 years, while under $2M trades are at the third worst levels in the past 10 years.
If you’ve been worried about trades above $4,000,000 in Manhattan, the Luxury market is doing just fine thank you. In fact, the luxury segment of the market is actually doing better than the under $2M portion of the market based on total sales through April. Luxury sales so far this year are the third best in the past 10 years, while under $2M trades are at the third worst levels in the past 10 years. Why this disparity?
The buyers at the higher levels are less sensitive to higher interest rates and have access to more options- including having more cash and equity to finance purchases from
and expensive market like New York City however, is not only an invaluable service to the buyers, but an indispensable service to the sellers as well. My hunch is this focus on broker value will turn out to be a good thing for the industry as a whole, and spotlight the intelligence, experience and savvy that buyers’ brokers bring to their clients and the sales process every day of the year.
East 36th St
Looking for a Home and not just an apartment? This beauty has it all.. a spacious layout, fantastic morning sun, 5 separate living spaces including: a renovated kitchen, home office in the foyer, warm and cozy living room, breakfast nook by the window, and large chef’s kitchen with stainless steel appliances including dishwasher, gas oven and microwave.
This home packs a huge punch and multiple experiences into one amazing full service residence with friendly staff and a distinctive boutique feel. drum apartments. Come and see it for yourselves. You’ll be glad you did
Listing Address
$1,575,000
6,092 ft² | $258 per ft² | 32 rooms 16 beds | 8 baths
This well maintained 25’ wide, 8 unit rental bldg is fully occupied and sits midblock between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and tenants pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases.
The property has been in the same family for over 40 years and represents a unique opportunity to purchase a cash flow positive property in an area of high rent demand. All units are rent stabilized, but one can be used for a family member or relative. Tenants pay their own electric. The property is built 25′ × 60 and has a private 1,000 sf backyard
The perfect pied-à-terre, starter home or income property.
This converted one bedroom home has been fully renovated and boasts fantastic views of the Lincoln Square Neighborhood and amazing southern light throughout the day. Marble countertops, hardwood floors and new kitchen cabinetry and hardware highlight the upgrades in this modern oasis of efficiency and luxury.The Park Millennium is regarded as one of the top A List doorman buildings in the 60’s and is superbly located between Columbus Avenue and Broadway, with dozens of luxury retail, dining options and of course Central Park all within a block or two. Additionally one of New York’s top gyms.
Listing Address
$1,575,000
Experience the pinnacle of urban living in this stunning penthouse at Executive Plaza Condominium. This expansive threebedroom, two-bathroom duplex offers breathtaking views of Central Park and the Hudson River from its prime Midtown location.
Listing Address
160 CENTRAL PARK SOUTH
$2,495,000
1,400
Just Listed. This large2 Bed 2.5 bath home at the iconic Essex House on Central Park South.
Currently outfitted as a corporate apartment, this residence features an enormous great room with wrap around windows, catering kitchen for casual entertaining, split layout bedrooms, generously sized ensuite bedrooms and brilliant sunshine all day from southern and eastern exposure. All rooms have fabulous open city and skyline views.
This combination home can also be rented out either whole or in part monthly thanks to adjoining suites that separate the space into a lager and smaller one bedroom if desired
Two Decades of Excellence in NYC Luxury & Commercial Sales / Unparalleled market and building knowledge acquired over 2,000+ sales / More individualized attention to client needs / Accountable leadership and results-driven representation / Better trained agents / Better technology systems / Quicker response time in fast moving markets / Best in class luxury website & marketing solutions for Alta properties
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