Inside 277 Fifth Avenue New Model Residence

Residents will enjoy exclusive access to two levels of curated amenities including a Lobby Library with a dramatic, double-height bookcase wall; entertaining suite with separate bar and kitchen pantry; private dining room; Kids’ Club; Games Lounge with custom ping pong table; Fitness Club with separate training/yoga studio as well as Men’s and Women’s Spa with steam/sauna rooms; and furnished Fifth Avenue Terrace.

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Our Favorite Listing Is NoHo's Most Expensive Home On The Market

With architecture by Rawlings Architects, the penthouse boasts 4 bedrooms, 4.5 baths and the most gracious flow. It's 2,855 SF of interior space and 234 SF of private outdoor space.  The Penthouse offers breathtaking views from the terrace that will be delivered with completed landscaping by AD100 landscape architect, Ed Hollander. 

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Matthew Slosar Joins the Douglas Elliman’s 1995 Broadway Office

 Matthew Slosar

Matthew Slosar

Matthew Slosar, a top-performing broker whose business has more than tripled in the last two years, has launched his own business following nearly ten years of success as part of one of the firm’s consistently-ranked top ten teams. Slosar, who was originally based out of the firm’s 575 Madison Avenue headquarters, will now make it’s 1995 Broadway office his new home.

“Matthew brings a deep understanding of New York City’s complex and competitive real estate market, particularly here in Manhattan, and we are thrilled to have him join our Upper West Side Office,” said John Lawrence, Elliman’s Executive Manager of Sales, 1995 Broadway and Harlem. “He meets each client with respect, discretion, and unparalleled service, and I look forward to working more closely with him as he continues his exciting career at Elliman.”

Slosar’s expertise and superior customer service have led him to successfully assist numerous high-net-worth families and A-list celebrities, as well as first-time home buyers in his rapidly-growing client base. Recently, empty-nesters and bi-coastal clients looking for pied-a-terres in Manhattan have also been seeking out his service. A testament to his success, The Real Deal named Matthew 'Broker of the Week' twice in the past year. 

“After a great run as part of a successful team, I am excited to take this next step in my career and set out on my own,” said Slosar. “For the past few years my business has been steadily growing, as has my family. It feels like the right time in my life to be launching my own business and steering my own ship. As I continue my journey, I am thrilled to have found a new home at Elliman’s 1995 Broadway office and to work with the talented agents and staff there.”

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NYC's Best Neighborhoods that Are (Relatively) Affordable

By Shaunna Redman

Localize.city has compiled a list of New York City’s top 10 neighborhoods that are relatively affordable. Localize.city is a website which provides information on every address in New York City. They worked with data scientists and urban planners to conduct research on affordability along with quality-of-life factors to compile the list. If you’re planning on relocating around New York, you may want to consider looking for your new home in one of these neighborhoods.

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 1. Windsor Terrace, Brooklyn

Windsor Terrace is a small and quiet neighborhood located in Brooklyn. It is small enough where you can safely ride your bike in the streets, but big enough to allow easy access to the subway, which makes for an easy commute to work or to do some shopping.

 

2. Roosevelt Island, Manhattan

Roosevelt Island is an extremely quiet neighborhood. If you love reading, then this is the neighborhood for you. Roosevelt Island is getting an up-and-coming Roosevelt Island Library revamp, which will double its size.

 

3. Forest Hills, Queens

Safety is everyone’s top concern. Forest Hills is considered on of the safest neighborhoods in Queens, New York. There are also plenty of activities to choose from ranging from shopping to live performances.

 

4. Bay Ridge, Brooklyn

Bay Ridge is a showcase of the greener parts of New York. If you’re interested in trying food from all over the world, you’re in luck as Bay Ridge has multiple food options from Middle Eastern to classic Italian.

 

5. Clinton Hill, Brooklyn

Clinton Hill is a neighborhood with lots of foliage. This neighborhood has easy access to Lower Manhattan and Downtown Brooklyn, so you can commute to the busier parts of town while enjoy the tranquility that comes with Clinton Hill. There are also two parks within walking distance of Clinton Hill where you can take your pups for an enjoyable day out.

 

6. Flushing, Queens

If you’re someone who likes the hussle and bussle the city has to offer, then Flushing is the neighborhood you’ll want to look into. Flushing has two farmers’ markets within the neighborhood, and multiple mom-and-pop shops. Also, for those who like Asian cuisine, there are a wide array of Asian restaurants in Flushing.

 

7. Washington Heights, Manhattan

Does your household have frequent commuters? If so, then Washington Heights is the neighborhood you need. Washington Heights offers easy access to the subway while also giving you access to two parks that are right on the riverfront. You can also enjoy both old and new restaurants that lead towards Broadway.

 

8. Bedford Park, Bronx

Bedford Park is the perfect neighborhood for those who have children or those who are looking to attend college. This neighborhood features a multiple schools that run from elementary level all the way to college. Bedford Park is also expecting new shops and restaurants to move in.

9. Woodhaven, Queens

Woodhaven has a special appeal to feeling almost like a village. This neighborhood is also within walking distance of the largest outdoors space in the city: Forest Park, which is perfect for those who love to be surrounded by nature. If you need to commute, you don’t need to worry as the subway runs through the heart of Woodhaven, and allows you to be taken directly to Lower Manhattan.

 

10. Concourse, Bronx

Concourse is the perfect neighborhood for the art lover in your household. Concourse has modern architecture throughout the neighborhood along with art deco that is historic. Concourse also has a design inspired by Champs-Élysées from Paris with the Grand Concourse. The best part is that Concourse is still close to Manhattan, so you can go out and about to see the city easily.

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Investing In A Condo Unit: Helpful Tips

The pertinent question on the minds of many people looking forward to investing in a condo unit is whether such is a sound investment decision. Well, it is if you have information such as you will read here. Like any other investment, never delve blindly into condo buying.

Here is how you should do it:

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The location

The location of the condo will determine whether it will sell at a good price in future, or not. That is why you need to do your research carefully. If you want a condo that you can rent out to make some money in future, buy a beachfront one.

Such is always going to have a tenant in summer. You may also consider buying a condo in a location that has development projects coming up in the future. A condo near a college is good as there will always be demands for it. If the condo block is located near, but outside a thriving urban center, buy it.

Look for financing

Unless you have the money and you are paying cash for the whole amount, you will need to look for mortgage financing, same as you would for a regular home. In fact, it is recommended that you get a preapproval first before you start looking at available condos.

Dedicate enough time to look for financing because most traditional mortgage lenders have no loan products that are designed for condos. You can also check out loans from the FHA- Federal Housing Administration. Note that the condo that you want to buy should be on their approved list. One of the requirements is that at least 80 percent of the condo units in that community are occupied by their owners.

Do your math correctly

If you are buying a condo to rent it out and make money, well, you need to know that it is a good investment. For example, if you buy a condo unit for $75,000 and the maximum rent that you can get from the condo is $450, the math does not sound so appealing. However, if you buy a condo for $60,000 and you can rent it out for $700, that is more appealing.

You must also consider the property taxes, the months that the condo may not have a tenant, advertising costs and so on. When you do the math and you get an annual yield of about 8% on the $75000, that is not too bad. You can live with that. Do the math before buying.

Find options that suit your needs

Just because a condo community has a swimming pool, recreational courts, gym and other amenities, it does not mean that you will need them. For example, if you are a senior, in your 70s, the main things you want are security and the grounds and exterior maintenance.

You can ask a real estate agent whether it is possible to find a condo that meets your needs so that you do not have to pay too high fees and not get to use the amenities.

Get help from a real estate agent

No matter how well you know real estate matters, a real estate agent will always be many steps ahead of you. The reason for this is that they have big networks of realty companies, sellers, buyers and real estate attorneys. Thus, their help can be priceless and it can help you get the most out of your time.

You will also find their advice to be priceless. They know the market trends, they know any developments slated for the future and they know who is selling what you need. If you would like to save time, engage the help of a real estate agent.

Conclusion

If you want to invest in a condo unit, the above-mentioned tips should help you get the best deals. Always look out for best condos for sale in the city you want to live in. Say for example, if you are from Santa Monica, you can find a Santa Monica real estate agent to get help to pick an affordable but beautiful condo unit in Santa Monica.

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Have A Whole Floor To Yourself At The Belnord

The Belnord, a landmarked building that occupies an entire block on the Upper West Side has a new listing taking up an entire floor that can be yours for $12,575,000.

Residence #1012 is an extraordinary floor-through home offering 5 bedrooms and 4.5 baths generously distributed over a sprawling 3,949 square feet. Beauty abounds with north and south exposures; soaring 10-foot ceilings; fully restored, oversized mahogany windows; and white oak floors with chevron and plank patterns throughout. 

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The residence also features a formal entry foyer and gallery; an eat-in kitchen with Calacatta Gold marble countertops and backsplash, state-of-the-art Gaggenau appliances and a stunning kitchen banquette; and an expansive master suite with two walk-in closets and a spa-like master bathroom with radiant heated floors, custom-designed vanities, a deep soaking tub with separate glass-enclosed shower, and accessories by Kohler, Dornbracht, and Ballista. 

Robert A.M. Stern Architects, is overseeing the restoration of the original architecture and re-imagining the interiors for the residences and is developed by HFZ Capital Group and Westbrook Partners. 

The Belnord is one of the greatest turn-of-the-century residential buildings, originally constructed in 1908 and designed by famed architecture firm Hiss & Weekes. The property's new design will feature 95 residences, ranging from two- to five-bedrooms, situated across The Belnord's 14 floors. In addition, 9,000 square feet of state-of-the-art amenities will be incorporated into the building, and many of The Belnord's hallmarks - including the courtyard and the exterior architecture - are being restored to their original grandeur and updated. 

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