The Classic Status Symbol (Private Entry Foyers) Make A Comeback in Condos

The entry foyer that has been a status symbol of the rich in many historic homes is now making a grand return in today's luxury condominiums. In an age of openness and oversharing, ie. Instagram, Snapchat and Instagram, a number of designers and developers are helping buyers reclaim their privacy by reinventing and reintegrating this classic staple. From wood flooring medallions with a basket-weave motif, ash veneer panels, custom-designed concrete walls and more, this age-old concept is being reinterpreted today.

The Symon

At Studio DB's all-new 13-story boutique luxury condo project in Brooklyn Heights, The Symon, the New York-based design firm led by husband and wife Damian and Britt Zunino – who are known for their custom homes and high-end interiors work for a roster of celebrities in New York – accentuated the 59 one-to-four-bedroom residences with custom entry foyers. Residents are welcomed home through large solid panel doors, crown molding accents, eight-inch baseboards and rich inlaid wood flooring medallions with a basket-weave motif. Oversized divided-light windows and custom washed-oak floors fill the homes with natural light and warmth once inside.

 555 West End Avenue

Across the bridge and nestled in the heart of the Upper West Side, 555 West End Avenue offers 13 breathtaking, one-of-a-kind residences with unmatched architectural magnificence from the building's origin as a prestigious private school. The expansive three-to-five-bedroom residences are outfitted with elegant entry foyers, creating the perfect balance between classic Uptown apartment layouts and the dramatic volume and soaring ceilings of a Downtown loft.

180 East 88th Street

Over on the Upper East Side in the coveted Carnegie Hill neighborhood, 180 East 88th Street is an iconic condominium tower offering only 48 graciously-appointed residences with soaring ceiling heights, pre-war-inspired details and stunning views of Central Park. Many of the condominium’s gracious residences have been outfitted with a formal, elliptical-shaped entry gallery. These spaces have been appointed with herringbone flooring from Austria, plaster cove details and wainscoting, and provide the perfect bridge from the exterior’s pre-war architectural inspiration to the contemporary residences.

77 Greenwich

Located in the heart of Manhattan’s “New Downtown,” 77 Greenwich, a new luxury condominium with interiors by the renowned Deborah Berke Partners—the firm known for the interiors at the world’s tallest residential building, 432 Park Avenue,  boast's 90 residences that feature a distinct entry foyer/gallery space lined with ash veneer panels that guide residents to open kitchens and gracious living spaces. The foyer floors are sandblasted/brushed Bianco Mist Quartzite.

100 East 53 Street

And finally, at the new landmark tower by Foster + Partners and developer Aby Rosen 100 East 53 Street, many of the condominium's coveted residences have been carefully constructed to include a grand entry foyer, including the building's limited-edition collection of Downtown-style skyscraper lofts located in the base of the building. Residents enter through a striking oak entry door and then transition into the apartment through the entry gallery, which features architectural concrete walls and diamond-polished, high grade concrete flooring.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Jessica Chestler and Ben Jacobs Join Douglas Elliman

 Douglas Elliman Real Estate,has welcomed Jessica Chestler and Ben Jacobs to the firm, launching The Chestler Jacobs Team based out of the 575 Madison Avenue office.  Jacobs, who is dually licensed, will split his time between New York and Florida and will also be based out of the 1111 Lincoln Road corporate office in Miami Beach.

Chestler and Jacobs have over $350 million of combined sales under their belts.  They will continue to serve the needs of their clientele throughout New York City while also catering to clients looking to invest in or relocate to South Florida.  Chestler and Jacobs bring a keen understanding of the market and over 15 years of experience working with buyers, sellers, tenants and owners to their new role.  Jacobs, having grown up in a real estate family, will contribute his strong background and unique expertise navigating the specific ins and outs of various New York City neighborhoods in addition to those in Miami.  Both come to Elliman from CORE Real Estate.

"We are so excited to have Jessica and Ben joining our team," said Brad Loe, Executive Manager of Sales in New York City for Douglas Elliman. “They have both consistently brought a high level of enthusiasm and professionalism to their individual work and are a great fit for each other and for our firm.”

The newly formed Chestler and Jacobs Team will also include Blanca Stempel and Michael Kahler.  Stempel, a former fashion executive with a passion for real estate and an eye for visual detail, worked alongside Jacobs during their time together at CORE.  A native of Valencia, Spain, Stempel now owns real estate in the Hudson Square neighborhood of New York City and understands the needs of clients looking to call New York home.  Kahler, a creative dealmaker with over 12 years of marketing, sales and sales management experience to his credit, is originally from Dallas, TX and has lived in Manhattan and Brooklyn for the past six years.  Chestler and Jacobs also currently reside in New York – Chestler in TriBeCa and Jacobs in both Williamsburg, Brooklyn and Miami Beach, FL.

"I have always admired Ben’s work ethic and personal character," said Chestler. “He goes above and beyond for his clients which is something I also pride myself on.  I know that we’ll work well together, and we’re thrilled to be embarking on this new phase under the auspices of Douglas Elliman’s excellent reputation in this industry.”

"Jessica is a true pro, always offering innovative ideas and with an unmatched understanding of social media and the future of our field," added Jacobs. “With Douglas Elliman’s established brokerage throughout the country, it was an obvious decision to combine our skills and resources, as well as bringing in Blanca and Michael, in order to service our relocation and investment clients under one brand.”

In addition to real estate, Chestler is passionate about travelling, biking, golfing, and collecting contemporary art.  She sits on the young associate boards of both the Rema Hort Mann Foundation and the Union Settlement as well as the Henry Street Settlements board for their annual Art Show.  In his spare time, Jacobs love to travel, read, play tennis and spend time with his family.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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First Look Inside the Homes at Lantern House by March & White

Related Companies unveiled a first look at the interiors of Lantern House Heatherwick Studio’s first residential project in North America, designed by  March & White. Founded in 2010 by Elliot March and James White, March & White is an international design studio known for their sophisticated, inviting interiors, as well as expertise in modern luxury and experience-centric design.

March & White worked closely with Thomas Heatherwick and Heatherwick Studio to create a seamless vision of residential interiors at Lantern House that work within the vocabulary of Heatherwick Studio’s distinctive architecture. They blurred the lines between residential and hospitality design sensibilities to create highly social and immersive environments that feel homely, inviting and warm. Architecturally inspired, the interiors display an appreciation for symmetry, space, light and materiality and are rich and textured while still luxurious and timeless.

"It all started with the architecture as we worked closely with Thomas and Heatherwick Studio to define the story of Lantern House. It was important for the interiors and architecture to be having a conversation that incorporated the history and energy of the location and neighborhood,” says James White. Elliot March continues, “We collaborated with Heatherwick Studio closely and held numerous workshops with them throughout the process to share ideas throughout design and development. The holistic design connects a distinctive façade with a heritage interior. In all ways, Lantern House is a building filled with character.”

Designed from the inside out, each of the 181 elegantly appointed homes at Lantern House feature carefully considered layouts designed to complement Heatherwick Studio’s oversized bay windows. Each home is anchored by a custom-designed kitchen by March & White, and features a beautiful mix of warm, natural materials and elegant custom finishes.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Our Favorite Listing: Ranan Lurie Manhattan Condo

Our favorite listing this week is the home of Ranan Lurie, which he used as his art studio and office at Time Warner Center. Located at 25 Columbus Circle, Unit 63E, in the Upper West Side offering 2 bedrooms, 2.5 bathrooms.

The property is being listed for $4,995,000 with Danielle Lurie, Allison Sprouse, Lindsay Proud, Molly Gyllenhaal, and Zsuzsanna Bircsak of Compass as the listing agents.

We have the intention to sell this at a realistic price, given the state of the high-end market today,” Ms. Lurie said. “We wanted to make it something that was approachable to buyers and wouldn't let this apartment sit on the market for longer than it was meant to.” - Danielle Lurie 

Lurie is in the Guinness World Record Book as the most syndicated political cartoonist and has a famed career, and famously created the "Uniting Painting" at the United Nations HQ, the largest ever contemporary painting ever exhibited at the UN. The listing also features a wall of cartoons and photos of many world leaders who have visited the apartment to have their portraits painted in it. 

At the time of purchase, there was a line around the block to get in to see this unit because it was a corner unit with amazing Hudson River views. We had actually gone into contract on another condo in the same building with lesser views - and we chose to give up our deposit and get out of that deal so we could buy this apartment with some of the best views in Manhattan." - Ranan Lurie

The views will not be the only thing to make you smile in this apartment. This home comes with great artistic inspiration as it is currently being used as the art studio of the political cartoonist, humorist, journalist, and artist, Ranan Lurie (pictured here throughout with his daughter). Mr. Lurie has been the world’s most widely syndicated political cartoonist, having his cartoons published in over 1000 international publications weekly for over 3 decades.

His latest fine art piece, the Uniting Painting, is the expandable painting that originated at the United Nations headquarters and has spanned the globe in a mission to unite the world in goodwill. An important portion of this painting can be seen on display in this apartment today (though, sorry to say, it is not included in the sale). Come enjoy a wall of cartoons as you tour this magnificent apartment, as well as see photos of some of the world leaders interviewed and painted by Mr. Lurie.

Enter this home through the spacious foyer into a sublime Great Room that can serve as a living, dining, and entertaining room, conveniently located off a high-end galley kitchen with top-of-the-line finishes. Both the master and secondary bedrooms come with en-suite bathrooms and are abundantly spacious and sunny with exquisite views. This home also presents a generous amount of closet space throughout and comes with the convenience of a washer/dryer hook up along with a separate powder room for guests.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Host the Ultimate Dinner at these Luxe Developments

Sadia Rahman

With the holidays past us, you may have been disappointed in some of the holiday dinners you attended in cramped 1 bedrooms, or even a studio! But this year you can forget the crowded kitchen and the stressful planning because there are luxury residential developments that now offer residents access to exquisite private dining rooms and catering kitchens to make any holiday soiree a success.

Front & York

Designed inside and out by celebrated architect Morris Adjmi, Front & York offers the first chance to live inside a resort-style, full-service building in DUMBO. Offering one of NYC's largest and most comprehensive amenity collections, spanning 150,000 square feet, Front & York provides residents with access to one of the city's largest private parks, a rooftop pool deck and lounge area, a porte-cochere and much more. Best-in-class leisure and lifestyle spaces include private chef’s kitchens, private wine rooms and party rooms that make the perfect place for hosting a fabulous holiday dinner party. Front & York will also be home to a top-of-the-line LifeTime facility, the premier athletic and wellness destination if you need to work off your delicious dinner the next day.

Rose Hill

Destined to be the next crown jewel of New York, Rose Hill is a brand new full-service, 45-story luxury condominium tower currently under construction at 30 East 29th Street in Manhattan’s coveted NoMad neighborhood. Developed by the legendary Rockefeller Group, which was formed more than 90 years ago to develop and build Rockefeller Center, Rose Hill is the firm's first residential tower in its hometown and pays tribute to their greatest creation through its Art Deco-inspired design. Rose Hill's vast selection of amenities embrace the hotel-meets-home mindset with a communal atmosphere encouraging a social and active lifestyle, and offers the perfect space for holiday entertaining within the 37th floor's luxurious private residents’ club. Featuring a private dining room with an expansive dining table, lounge, and bar, residents can welcome their friends and family here and take in the panoramic views of New York's famous skyline.

Waterline Square

Waterline Square, the five-acre, three-tower development designed by Rafael Viñoly, KPF and Richard Meier & Partners offering condominium and rental residences on Manhattan's Upper West Side, offers residents an impressive array of amenity spaces to augment the 100,000-square-foot collection of shared amenity spaces designed by the Rockwell Group. Each tower is home to a luxurious private dining room and catering kitchen perfect for entertaining. Designed by Champalimaud (One Waterline Square), Yabu Pushelberg (Two Waterline Square), and Groves and Co. (Three Waterline Square), the exquisite spaces can seat up to 30 people so you can host a Thanksgiving feast that is truly "the more, the merrier." Residents can even arrange catering through the development's retail partnership with Cipriani, located within Two Waterline Square.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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This Building Brings Celebrity Floral Design, Sommelier Services and Closet Customization to Residents' Front Doors

30 Warren is a new kind of boutique condominium that is truly taking Tribeca by storm and is making a name for themselves with their exclusive programs and benefits.  Tribeca Select, is a program that provides 30 Warren residents with exclusive in-home services and special offerings as well as priority status at a collection of the neighborhood’s most renowned retailers, restaurants and institutions.

Cape Advisors, the New York City-based developer of 30 Warren Tribeca has just announced a brand-new expansion of this program which is now featuring a celebrity floral designer, an artisanal millwork company, an acclaimed sommelier, internationally renowned yoga instructors, premier pet services and to top it all off some of the city’s top music and art professionals.

Floral design

Neighborhood favorite Emily Thompson Flowers serves 30 Warren as the Resident Floral Advisor, bringing striking designs to life using seasonal materials often culled from her network of local growers and foragers. Her bespoke arrangements and fresh botanicals are delivered right to residents’ front doors, and residents can tap Emily Thompson Flowers for in-home floral consultation and event design. Perks include discounted pricing and unique seasonal offerings, many of which are inspired by 30 Warren’s design and architecture.

Artisanal Millwork

30 Warren residents have the unique opportunity to customize their kitchens, closets, bathrooms, and shelving through Hudson LaGrange. Hudson LaGrange uses only the finest locally sourced materials, such as the highest-grade white oak and black walnut, and is recognized for its focus on hand-crafted details and the integration of unique and functional features.

Yoga and wellness

Yoga Shanti provides residents with a wide range of yoga and meditation classes at all levels for adults and children. Perks include discounted pricing, priority reservation status for classes at the studios Tribeca location, plus access to private lessons in one’s home orin 30 Warren’s yoga studio.

Related: Tribeca Select The Elite New Lifestyle Program

Creative classes for all ages

Church Street School for Music and Art offers an extensive curriculum for all ages. Its acclaimed faculty is available for customized art and musical instrument lessons and experiences in one’s home, at school or in the 30 Warren children’s movement studio.

Sommelier and wine services

Resident Sommelier and Founder of Terroir Tribeca Paul Grieco provides 30 Warren residents an array of services from hosting private wine tastings to offering advice on wine, food pairings, etc. Residents enjoy VIP reservations status at Terroir as well as in-home catering.

Related: Bubbys Reopens In Tribeca

Dog walking and pet services

PoochiNYC offers 30 Warren residents discounted pricing for pet concierge services, designed to meet the needs and goals of every pet. Services include daily private and semi-private walks, overnight stays, grooming appointments, veterinarian visits, and training sessions.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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The Top Luxury Finishes to Expect in 2020

Apartment and home trends are ever-changing in the world of interior design. Both buyers and renters desire spaces that embody function and beauty, no matter how costly they may be. After all, higher prices typically mean better quality.

High-end finishes have captured the attention of many residents looking for beautiful spaces. Beauty, practicality and durability are hard to pass up, especially when choosing your floors, countertops and other essentials.

As the new year comes closer, you can expect to see a rising preference for high-end finishes through 2020 and beyond. You may even find inspiration for your next rental or future home by watching the market. Here are a few things to look for in the luxury rental market for 2020.

1. Glass and Steel

Glass and steel are abundant in high-end apartments and homes around the world. Something about these two materials boasts extravagance — and when put together, they're unstoppable.

Australian architects, for example, have taken cues from American "starchitects" to create homes consisting almost entirely of steel and glass. Imagine the light, airy characteristics of floor-to-ceiling glass windows combined with the solidity of steel exteriors.

This style remains a favorite for a reason — less is more.

2. Wood Flooring

There’s no question that wood flooring has always been a beloved style choice for trend-focused residents. Hardwood flooring is undeniably handsome and lasts decades with proper care. It’s a luxury finish that is becoming even hotter thanks to advancements in sustainable production.

Newer reclaimed and recycled woods have come a long way from the styles of the past. Manufacturers often use reclaimed timber to create finished flooring indiscernible from newly created wood. Bamboo puts an attention-grabbing spin on a familiar concept — it looks and functions like wood but grows much faster.

Flooring manufacturers are increasingly looking to source local or sustainably harvested materials. Now, contractors can create fabulous floors without contributing to air pollution or deforestation. In 2020, expect more sustainable high-end floors to make a splash.

3. Quartz Countertops

Quartz countertops and floors are becoming a popular alternative to granite because of their beauty and increased durability. They provide a versatile finish that never compromises on style, creating a high-end look with practical value for homeowners or real estate investors.

Like granite, this material comes in a range of trending colors to suit modern design needs. Its remarkable resistance to stains is another plus, eliminating the worry of constant upkeep or resealing. As more renters and homebuyers seek longevity from their living spaces, quartz will continue increasing in the ranks for 2020.

4. Gold Fixtures

Make your kitchen or bathroom stand out from the crowd with gold fixtures. These add a pop of color to minimalist designs and fit seamlessly into more colorful apartment themes. The vibrant hue adds warmth to any room, creating a pleasant change of pace from the colder quality of steel.

A few well-placed gold accents can turn an apartment or home into an indisputable hub of opulence and taste. Gold accents come in finishes such as satin and matte to fit any style. Many residents use them as additional decor pieces, but more ambitious investors can build an entire room theme around this luxury look.

Gold fixtures are an easy way to add style to a minimal space. Look out for more rentals on the market with faucets, light fixtures and showerheads consisting of this metal.

5. Concrete

Concrete is becoming prevalent both for its look and its eco-friendly properties. Many consider cast concrete to be sustainable because of its low-energy manufacturing, and it can transform to fit numerous residential styles.

The sturdy material is also excellent for blocking out noise, which is a must-have for renters living among many other tenants. While apartment complexes made entirely from concrete may look industrial on the outside, the interiors show an elegance unique to high-end apartments.

Not convinced of concrete’s style potential? In one example, Swiss architect Gus Wüstermann's concrete creation combines affordability with luxury to create a high-quality place for a lower price.

Quality and Modernity Remain Supreme for Luxury Renters

Whether you're looking for a new place or exploring the market, there's much to see in luxury rentals for 2020. Property managers and real estate experts will be on the leading edge of modern design.

In a sea of options, you can stand apart from the crowd by prioritizing authenticity and uniqueness in your search for luxury properties.

Holly Welles is a real estate blogger covering design, finance and market trends for apartment dwellers. You can find more of her work on her blog, The Estate Update.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Sukenik / Glazer Team Leaves Douglas Elliman For Compass

Compass, has announced that leading real estate agents Darren Sukenik and Benjamin Glazer joined the firm in late December. The Sukenik Glazer Team is one of NYC’s top residential teams with more than $5 billion in recent sales. 

Benjamin Glazer.

At their prior firm, Douglas Elliman, The Sukenik Glazer Team was named #1 in Tribeca/ West Village, a top 10 team in NYC from 2008-2018, and consistently ranked among the top-performing teams in the nation by The Wall Street Journal/ REAL Trends. 

“Darren and Ben lead one of the most successful teams not only in NYC, but in the nation, and we are excited to welcome them to the Compass family,” said Rory Golod, New York Regional President. “As team leaders and entrepreneurs, Darren and Ben’s customer-focused approach has driven their incredible track record, and we look forward to fully supporting their goals here at Compass.”

A tour-de-force in the resale sphere, The Sukenik Glazer Team also has seasoned expertise in new development having led sales at some of Manhattan’s most notable projects including 150 Charles, 10 Madison Square West, 111 Murray Street, 17 e 12th Street, 111 Leroy, and 565 Broome. The team also secured record-breaking transactions at Superior Ink (15 sales)  as well as One Morton Square (68 sales.)

Sukenik also owns his own interior design firm, TWENTIETHCENTURY, where he draws upon his fashion background to help clients achieve their ideal aesthetic, and points to the Compass Concierge home improvement program as a way to complement his full-service approach.

Darren Sukenik

“After nearly 20 great years at Douglas Elliman, I felt it was time to make a change and join a company with their pulse on the future of the real estate industry,” said Sukenik. “The Compass Concierge program is a service I know will exponentially benefit my clients and my overall business strategy through my interior design group. It creates so many opportunities I otherwise would not have.”

“The technology and the culture at Compass are also what drew us to the firm,” added Glazer, a luxury sales specialist since 2002. “Compass empowers us to run our team like a small business with incredible support from leadership and marketing on a local and national level.”

The Sukenik Glazer Team will be based out of Compass’ 110 Fifth Avenue office.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Our Favorite Listing: Chic Greenwich Village Duplex Loft

Our favorite listing this week is located at 74 Fifth Avenue, 10/11A, in Greenwich Village offering 5 bedrooms, 5 bathrooms. The duplex comes with an expansive great room perfect for living, dining and media, and a fully equipped chef's kitchen. The upper part of the duplex features a secondary, sprawling, more casual entertaining space with its own full breakfast kitchen.

The property is being listed for $9,000,000 with Kelly Killoren Bensimon, Lauren Muss and Michael Passaro, also of Douglas Elliman.

This spacious 5,000sq.ft. residence has been masterfully designed and newly renovated to perfection. Originally configured as two separate units, the home is now comprised of 5 bedrooms, 5 bathrooms, an expansive great room, dining room, media room and fully equipped chef's kitchen. The upper floor features a sprawling entertaining space with its own full breakfast kitchen. An astounding twenty oversized windows allow light to flow throughout.  

Each remarkable floor of this duplex enjoys a fully equipped, customized chef's quality kitchen. The lower-floor kitchen features custom cabinetry with gorgeous leather hardware, St Laurent stone countertops, and Dornbracht fixtures. The appliances include a Subzero refrigerator, a Wolf exterior vented gas stovetop, and oven, Miele dishwasher. The upper-floor kitchen features white cabinetry with elegant D line recessed hardware and ¼ inch stainless steel waterfall countertops. Top of the line appliances includes a Gaggenau induction stovetop, and recirculating oven stove, Miele dishwasher, Smeg exterior run vent, and a Sub-Zero refrigerator. 

The gracious master bedroom includes a walk-in closet and spa-like bathroom with double vanity, a Patricia Urquoia for Agape soaking tub and a walk-in shower. A sun-drenched office is located just off the master bedroom and is perfect for working from home or can be used as a luxurious dressing area.

The apartment features smart technology, including Sonos in-wall sound system, security cameras, video doorbells, NEST thermostats, and six Launchport wall charging units for IPads on both floors. This home also features two utility rooms equipped with full-sized, exterior venting Whirlpool washer and dryer. A full mudroom off the main entry is lined in 6-inch oak with custom coat hooks. Built as a passion project by a developer for his personal home, this residence would be impossible to recreate at this price.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Ellen Pompeo Sells Hampton Home

On December 20th, Grey’s Anatomy star Ellen Pompeo sold her Sag Harbor Home for $2.995 million.

Hi res images credit: Chris Foster, courtesy Douglas Elliman

Grey's Anatomy star Ellen Pompeo designed this charming modern farmhouse as her Hamptons retreat on over 8 acres in Sag Harbor. The 2400 s.f. house, built in 2013, has 5 bedrooms (one doubles as media room/bar) and 4 baths divided over three floors. The lower level bedroom/media room has a full bath and two legal egresses and tons of closet storage space. The main floor suite has a full bath, private living room and master bedroom with private staircase that leads to an ensuite guest room.

The second floor master has a private living room, a full bath and an adjoining bedroom or a great office. There is a gorgeous kitchen, dining area by the front door, living room with soaring ceilings and glass walls, two fireplaces--one in the living room and one in the screened/glassed-in dining porch. The porch overlooks the lovely heated, Gunite pool and generous lawn surround. Private, quiet and notably stylish. Room for tennis. 

 5 Total Bedrooms 4 Full Baths 2400 Sq. Ft. 8.38 Acres Built in 2013 Barn Style Partial Basement Lower Level: Finished Hardwood Flooring Family Room Study y Great Room First Floor Master First Floor Bathroom 2 Fireplaces Forced Air Gas Fuel Central A/C Private Well Water Private Septic Pool: In Ground, Gunite, Heated Screened Porch Enclosed Porch Covered Porch Room For Tennis

Martha Gundersen of Douglas Elliman brought the buyer.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Manhattan Apartment Prices Rebound but Remain in Correction in Fourth Quarter, According to Halstead Market Report

After a rush of closings in June inflated second quarter numbers, leading to depressed third quarter figures, the Manhattan apartment market has returned to levels more reflective of current conditions in the fourth quarter, according to Halstead’s Fourth Quarter 2019 Market Report. 

The average apartment price of $1,857,026 rebounded by 10% after a weak third quarter, but still remained 10% lower than a year ago. Resale apartment closings were down 5% from the fourth quarter of 2018. The Halstead Market Report is based on 2,015 recorded fourth quarter sales, 3% fewer than the same period last year.

The average apartment price of $1,857,026 rebounded by 10% after a weak third quarter, but still remained 10% lower than a year ago. Resale apartment closings were down 5% from the fourth quarter of 2018. The Halstead Market Report is based on 2,015 recorded fourth quarter sales, 3% fewer than the same period last year.

“As we closed out the decade, we saw continued correction mode in the Manhattan market with sellers making necessary reductions to prices, putting them at appropriate levels in the fourth quarter,” said Diane M. Ramirez, Chairman & CEO of Halstead. “We expect to see an active start to 2020, as buyers now have a golden opportunity to make a move with the combination of low mortgage rates, competitive pricing and incredible choice in inventory.”

Other noteworthy findings from Halstead’s Fourth Quarter 2019 Market Report revealed:

• Resale apartment prices averaged $1,467,795, which is 6% lower than 2018’s fourth quarter;

• The average condo price, at $2,756,941, was 12% lower than the same period last year, with only studios seeing an increase in price this year;

• Co-op prices averaged 5% less than last year, as all size categories saw price declines;

• Despite some impressive closings, including a $92.7 million sale at 220 CPS, new development prices were down from a year ago;

• However, the new development median price rose slightly, indicating that while there were fewer high-end closings than a year ago, the middle of the market ticked upward;

• Looking at only co-op resales, the average price across all size categories fell to $1,242,683, a 2% decline from that same period last year;

• Prices for resale condos rebounded sharply after a weak third quarter, but their average price was still 8% lower than last year; studios were the only size category to see an increase in price during this time;  

• Resale apartments sold in the fourth quarter spent an average of 125 days on the market, 11% longer than a year ago;

• Sellers received 96.6% of their last asking price, which was unchanged from 2018’s fourth quarter;

• Both the average and median loft prices per square foot declined compared to the fourth quarter of 2018; and

• The highest percentage of resales in Manhattan was on the East Side at 24.4%, followed by Midtown (34th Street to 59th Street) at 19.0% and Downtown (South of 14th Street) at 18.7%.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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New Listing Alert: The perfect pied-a-terre

251 East 51st Street, Unit 2M, listed on the market as a Compass "Coming Soon," is a recently renovated, perfect pied-a-terre (and ideal one bedroom for all the rest of us). What truly sets this pad apart from the rest is the dreamy outdoor terrace with endless possibilities and city views. Accessed by the living room and overlooked by the bedroom, this 24x12 outdoor space is an oasis in the center of the Midtown hustle and bustle. 

Photo Credit: Michael J. Franco//Compass Real Estate

Some of the other terrific features of his home are its living room that measures over 29-feet in length, allowing for plenty of room for both comfortable living and dining, and an impeccable L-shaped kitchen with a stunning, patterned concrete flooring, an abundance of custom solid wood cabinetry, Silestone counters, and high-end stainless steel appliances. The bath is fully renovated with contemporary mosaic tiling and the best finishes and fixtures. And, there is an enormous amount of closet space and gleaming, new solid wood floors throughout the apartment. 

251 East 51st Street is a full-service cooperative with very low maintenance, a 24-hour doorman, a resident manager, fitness room, fully landscaped roof deck, and a reasonably priced on-site garage This pet and pied-a-terre friendly building allows co-purchasing and gifting and is surrounded by the best shopping, restaurants, attractions, public transportation, and parks that Manhattan has to offer.

This home is currently listed at $895,000 by Compass’s broker, Michael J. Franco.

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