Our Favorite Listing: Sleek and Massive 5-Bed Condo
Inside this weeks virtual tour
Read MoreThe Holl-Geller Team Leaves Corcoran For Douglas Elliman
One of New York City’s top-selling real estate teams, The Holl-Geller Team led by Caroline Holl and Stephen Geller, have joined Douglas Elliman from Corcoran today. The team, which also includes Michael Russell and Jennifer Geller, will be based out of Douglas Elliman’s flagship 575 Madison Avenue office.
The Holl-Geller Team is in the top 1% of all NRT agents nationwide and have had two “Big Ticket” sales in The New York Times – one in January 2015 for a $52.9 million full-floor apartment at One57 and one in April 2013 for a $13 million deal at 25 Columbus Circle, 69B which was the most expensive sale of that week .
“Caroline and Stephen are two of the leading agents in New York City real estate and we are thrilled to have them join Douglas Elliman,” said Howard M. Lorber, Executive Chairman of Douglas Elliman Realty, LLC. “Caroline and Stephen’s backgrounds in finance and law combined with their exceptional and discreet service to their clients are what differentiates them. We look forward to their success at our company.”
“We are thrilled to have Caroline and Stephen joining our team,” said Brad Loe, Executive Manager of Sales in New York City for Douglas Elliman. “Their in-depth knowledge of the New York marketplaces and business acumen make them a great addition to Douglas Elliman where they will be working from the 575 Madison Avenue office.”
Caroline and Stephen are both long term New Yorkers (lifelong, in Stephen’s case) and have a passion for the city they call home as well as an encyclopedic knowledge of all of Manhattan and Brooklyn’s unique neighborhoods. Caroline and Stephen also specialize in the specific challenges facing international buyers given Caroline’s European background. In addition, through their partnerships with top agents in the Hamptons and Palm Beach area, they have a long and successful track record of helping their clients in those locations.
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.
Five tips for buyers to ensure a successful transaction
New York City real estate can be tricky to navigate for first-time and repeat buyers alike. With endless amounts of market data available, experiencing the process firsthand is the best training for what one truly needs and wants in a home.
From creating the initial wish list to reconciling that a must-have might be more of a nice-to-have, the following tips can help ensure an elevated home buying experience.
Chris Halstead and Sharon Fahy
Don’t create your dream list from the Internet
The decision to purchase a home is an exciting one, and buyers often jump online to begin the process. While online listing aggregators like StreetEasy and others are good resources, not even the savviest buyer can fully appreciate every nuance through viewing listings online. Pros warn not to firmly set your sights on specific attributes solely through online viewing. The height of a low- versus high-floor, noise level from an adjoining wall, and the feel of the neighborhood are among the things best experienced in person.
Decode nice-haves and must-haves
In New York City, people can be very resistant to considering an opposite side of Central Park, moving outside a specific proximity, or venturing north or south of a particular street. It’s important to be open minded during your search and to look beyond these pre-determined boundaries. Through exploring new areas, more often than not, buyers have architectural options they did not know existed and find the perfect home within walking distance of the same park or perimeter.
Similar to location, nice-to-have and must-have features frequently change once people begin to see properties in person. A home is meant to last for years at a time – even if the listing does not appear to be a sweeping match, check the box and take a visit, it’s worth an hour of your time.
No detail is too small
While it is a real estate agent’s job to listen, it is the buyer’s job to share. It is important to communicate every detail of your dream home with your agent. And when viewing apartments, nothing is too trivial, and all feedback is good feedback, even if it is negative. An agent is not responsible for how an apartment was renovated so it will not hurt their feelings. Open and transparent communication ensures that the agent is able to focus the search and be more efficient in presenting you with homes that would truly be a fit. Your agent may also be able to pick up on features that you verbalized, but didn’t even realize.
Look at things from the seller’s perspective
The past two years have been a fluctuating market and many buyers have tried to take advantage of the opportunity. What they may forget is, buying a home is a two-sided transaction. We’ve seen buyers who will just put in offers on homes trying to get a deal and then wonder why it wasn’t accepted. Buying a home is a gray area because it deals with very personal topics to people – emotions and financials. When making offers, consider from the seller’s perspective if an offer is reasonable. This makes for a more productive conversation rather than going into with blinders on solely from your own viewpoint.
Allow your priorities to change
As we’ve seen in recent months, unexpected circumstances can cause our property-priorities to shift as we reevaluate what we need on a day to day basis. Trading space for an incredible amenity package may be something that was essential before, but is less so now. A small private terrace and a carve out for an in-home treadmill may for the foreseeable future be more valuable than a tricked out roof deck and state-out-the-art building gym. Priorities change, and lifestyles do as well. The home that may have been a fit yesterday may not be today, and that’s okay.
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.
Sound Investments with Invictus Property Advisors
If you’re in the market for commercial property, then Invictus Property Advisors, a broker-owned commercial real estate advisory firm that specializes in investment sales, might be the business you should turn to. Started in 2018 by Andrew Levine and Josh Lipton, both bring nearly 20 years of combined experience to the table, offering a tailor made and data driven approach to each of their listings. They are also a boutique brokerage firm, and remain hands on with every one of their transactions- from beginning to end.
One of the ways they stand out amongst competitors is by staying hyper-focused on their core business strategy- New York City investment sales. While they focus on transactions within the $2 - $50 million dollar range, their customer service is unparalleled; Josh and Andrew treat every client with the same level of commitment and quality no matter where their budget may lie within that spectrum. “Owners are impressed when their $2 or $3 million transaction is treated like a $50 million deal,” Andrew stated.
The paths that led them to become the founders of Invictus Property Advisors can also be a source of value to potential clients. For Andrew, “Growing up in Manhattan, the commercial real estate capital of the world, I was exposed to the industry from a very early age.” As he navigated through undergrad at NYU and various internships, he soon gained an intimate understanding of what it took to succeed in this industry, “I learned quickly how much dedication real estate professionals have to their line of work. No day is a dull day in this market. I enjoy navigating through some of the qualitative and quantitative complexities, and nuances of each submarket and neighborhood.”
Josh comes from a law background and previously worked as a capital markets attorney for a large international firm. For nearly a decade, he assisted companies raise debt and equity through private and public offerings. But Josh wanted a change: “Though I miss being surrounded by some of my previous colleagues, the work itself was not something I loved. When logging 80-100 hours a week, I decided you should love what you do.” Josh made the change by joining Massey Knakal as a sales agent, where Andrew worked as well. “Andrew and I realized, after working at several commercial brokerages that we worked well together and had a shared vision for what we wanted to accomplish.”
Now that we’re all acquainted, let’s take a look at just a few of the listings Invictus Property Advisors has to offer in Upper Manhattan and SoBro:
411 East 141st Street, Bronx
13 unit multifamily
Ask Price: $900,000
NOI: $129,265
CAP Rate: 14%
Gross Square Footage: 3,160
411 East 141st Street is actually a SRO property, which is nestled within the Mott Haven section of the Bronx. There are 13 separate units within the property, across four stories and the decor still holds true to some of its original design work from the early 20th century. It is conveniently located near the 2, 4, 5 and 6 train lines, multiple bus routes, and is a few blocks away from the Major Deegan Expressway. Perfect for renters who are constantly on the go, and looking for a well maintained, yet affordable place to call home.
403 East 139th Street, Bronx
10 unit Multifamily
Ask Price: $795,000
NOI: $90,167
CAP Rate: 11%
Gross Square Footage: 3,160
**This building is part of a package deal with the one above, 411 East 141st Street, Bronx.**
403 East 139th Street is an SRO similar to 411 East 141st Street and has 10 units, which also spans across four stories. However, three of the units have a bathroom and kitchen. Aside from being close to public transportation this property is within walking distance to several schools, parks, restaurants, and the United States Post Office.
What makes this package deal an attractive investment? Andrew explains: “The yield or cap rate for these assets are in excess of 10%, which is challenging to find anywhere in NYC. So, for buyers looking for yield, who understand the SRO asset class, these are great cash-on-cash opportunities.”
225 East 110th Street, Harlem
3 unit Townhouse (with parking)
Ask Price: $2,195,000
NOI: $102,756
CAP Rate: 4.7%
Gross Square Footage: 3,864
225 East 110th Street is a three story townhouse with three residential units and two parking spots in the rear of the lot. The property is within walking distance to the 6 train, Central Park and several eateries. For your shopping needs, simply walk a few blocks north and you’ll find East River Plaza. If you need a break from the city, both the Metro North and FDR Drive are close enough to aid in your escape.
Who’s the perfect buyer for this? For the owners of Invictus Property Advisors, the answer is simple: “Either a family or individual looking for a townhouse living at less than half the cost of a similar property on the Upper East or Upper West Side, without sacrificing on space or living conditions and amenities”
419 West 144th Street, Harlem
5 unit Townhouse
Ask Price: $2,895,000
NOI: $97,955 Actual | $132,794 Projected
CAP Rate: 3.4% Actual | 4.6% Projected
Gross Square Footage:5,890
419 West 144th Street is a five story townhouse located within the vibrant Hamilton Heights Historic District, and home to many high-heeled professionals within the political, legal, medical, and artistic fields. The property has been continuously improved upon over the years by the owners and delivers a charmingly authentic look with several modern touches. While the property is gorgeous, there’s so much life going on throughout the neighborhood that prospective tenants would be happy to call this place home- as would you.
Based on Andrew’s feedback regarding the listing, the competition may be fierce: “Since this coveted area is only 4-5 blocks long and three avenues wide, the scarcity of available properties creates significant demand from both users and investors.”
2605 Frederick Douglass Boulevard, Harlem
Retail CondoAsk Price: $700,000
Gross Square Footage: 800sf Above-Grade | 600sf Below-Grade
2605 Frederick Douglass Boulevard is a retail condo that’s situated right on the corner of West 139th Street. The ground floor offers retail space, with additional usable space in the basement. The property currently has a luxury retail tenant with a significant online and celebrity following. Across the street you will find two luxury mixed use buildings that contain an art gallery (Faction Arts Project) and Reverence (a reservation only restaurant from Russell Jackson, a former contestant from BravoTV’s Iron Chef and Food Network’s The Next Food Network Star). Aside from the many local and national retailers nearby, this retail condo sits close to two major academic institutions and a Common Coliving location. For prospective buyers, 2605 Frederick Douglass Boulevard promises a lot of foot traffic.
According to owners Josh and Andrew: “This is a retail condo that has appeal to a wide array of purchasers such as: retailers, business owners, and investors.”
Invictus Property Advisors currently has several property types available throughout Manhattan, Brooklyn, The Bronx and Queens. To view additional listings please visit their website: https://www.invictusnyc.com/.
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.
Homes You Can Walk Through Without Taking A Step
No one wants to leave the home these days. Luckily, with today’s technology, you can tour, or even buy, a home without visiting in person. Don’t believe us? Check out these virtual tours and discover your new home.
Have a listing you think should be featured? Submit your open house or contact us to tell us more!
Buschwick
WHERE: 194 Cooper Street
SIZE: 4 Beds | 2.5 Baths
COST: $1,325,000
About: 149 Cooper Street is a two family 3-story townhouse in Bushwick. This elegant two family townhouse comes with parking. This home can be configured as a top floor apartment over an owners' duplex with private backyard or an owner’s penthouse 2 bedroom with roof deck over a rental duplex that covers your expenses. This home is everything you've ever wanted, it's filled with light, has hardwood oak flooring throughout and high end finishes.
The 2BR, 1.5 Bath owner's duplex incorporates an open kitchen on the parlor level for dining, living and hosting. The expansive kitchen is truly the heart of the home, with a wonderful island and room for cooking, working, and eating. The stainless steel appliances meet the home chef's every need, with a 5-burner range, high end refrigerator, dishwasher and a microwave drawer. Both bedrooms have direct access to a deck that overlooks the spacious private backyard. The outdoor space is a quiet sanctuary from the city's hustle and bustle. The flexible lower level of the duplex can allow for a living/recreation room plus half bath with W/D or a living space, a half bath with W/D and an additional 3rd bedroom with its own direct access to the backyard.
The top floor is a 2BR 1Bath luxe unit. The design is extremely unique, the unit has super high 13 ft ceilings, original exposed wooden beams, 3 skylights that provide a feel of luxury, style and comfort. The bath blends chic and functional with stylish tiles, an oversized double sink vanity and a built niche in the bathtub. This top unit has great potential. By adding an elegant spiral stair it could easily be transformed into a penthouse unit with direct rooftop access with beautiful city views and outdoor private space.
For more information click here
NoHo
WHERE: 75 Kenmare, 5A
SIZE: 2 Beds | 2.5 Baths
COST: $4,795,000
About: This bright and airy split two-bedroom, two-bath corner residence features white oak floors throughout, expansive windows and a concealed laundry closet with washer and dryer. The well-appointed kitchen is outfitted with Gaggenau appliances, a marble island with a custom oak bar top, accented by a rear pewter topped counter, marble backsplash, matte-white cabinetry and an integrated oak paneled refrigerator.
The master bedroom boasts an expansive walk-in closet and en-suite five fixture master bath; a true rban oasis. A freestanding Devon&Devon tub and frameless glass enclosed shower surrounded by French Vanilla marble and titanium Travertine walls and radiant heated floors, a custom floating elm dual vanity with Bianco drama marble countertop and sinks with brushed-nickel fixtures and a dramatic custom backlit satin bronze and nickel framed mirror. The second bath features a frameless glass enclosed shower, a sleek retreat finished with honed Pompeii basalt floors, Bianco Drama marble walls and custom designed elm vanity, Bianco drama marble countertop and sink accented with satin nickel fixtures and artfully crafted backlit satin nickel mirrors. The powder room is a pearl in a space-starved city with a Bianco drama marble floor laid in a custom hexagonal pattern, floating elm vanity and Bianco drama marble counter top and sink accented by an illuminated satin nickel framed mirror.
For more information click here
Upper East Side
WHERE: 433 East 74th Street, 5
SIZE: 5 Bed | 6 Bath
COST: $4,995,000
About: The Lux 74 is a boutique "lifestyle" condominium building located south-facing on East 74th Street between 1st Ave & York Ave on a tranquil tree-lined block. Some of New York City's most elite schools are close by as well as John Jay Park, Carl Schurz Park, the East River Promenade, the Q train within talking distance, cafes, restaurants, museums and more. This full-service, white glove post war building was built in 2007 and designed by ADG Architects & Design PC. The building amenities include a full-time concierge, superintendent and porter, private gym, private storage, and the best part, an incredible furnished roof top complete with an outdoor kitchen and BBQ. Fall in love with this immaculate, light filled, private full floor home on the 5th floor of The Lux Condominium, one of the Upper East Sides most exclusive boutique buildings! A 1-Million-dollar gut renovation has transformed this 5-bedroom, 5.5 bathroom into a one of a kind masterpiece sparing no detail. This triple mint, full floor, colossal apartment features floor to ceiling windows, a generous laundry room, state of the art appliances, Sonos and Lutron systems controlling everything from motorized solar and black out shades to the wireless controlled lighting system, and much more. Step off the elevator into your own private mudroom style entry foyer completed with custom built-in storage. The entrance of the 5th and highest floor is encapsulated in a large foyer with custom cabinetry, a trio of closets, and custom finished hardwood floors. From the entryway the home opens up into the living and dining room, both of which are flanked by south facing, sun-lit floor to ceiling windows.
The living space features a built-in bar with a wine fridge for entertaining. Off of the dining room, the chef's kitchen is spacious and welcoming. The kitchen is brand new and fully customized. The statuary marble countertops and backsplash are protected by "Tough Skin", a film that allows very hot and cold substances, or liquids like lemon juice or wine to touch the surface without damage. Appliances in the kitchen include Wolf stove, Subzero refrigerator with double freezer drawers. From the living space you enter into the west wing of the home, which houses two generous sized bedrooms and a bathroom. Across the home in the east wing you will find an additional bedroom and bath, and a playroom that can also function as second master bedroom as it is outfitted with an en-suite bath and walk-in closet. The master suite occupies the northern wing of the home. It has access to the property's private 20-foot balcony. It is outfitted with a dressing room, a massive walk in closet, two full gut renovated baths, and an additional four closets throughout. The sensational dressing-room is a fantasy for any Manhattanite; exhibit your finest collections of bags, accessories, and shoes. Separately, the main master bath is spa-like with luxurious features including dual-sinks, a glass enclosed shower, brand name hardware, and an additional vanity room.
Clinton Hill
WHERE: 505 Clinton Avenue #4R
SIZE: 2 Bed | 2 Bath
COST: $1,500,000
About: 505 Clinton Lofts is tucked away on a charming tree-lined street in historic Clinton Hill, where homeowners will enjoy a quiet oasis at the epicenter of one of the most desirable neighborhoods in Brooklyn. The building's unique facade features dramatic and industrial chic floor-to-ceiling windows flooding each of the residences with natural light and remarkable views.
Residence 4R is a 1,014sf two bedroom duplex home with soaring 20ft ceilings. Enter into an expansive living space, your breath will be taken away by the sheer size of the massive wall-to-wall and floor-to-ceiling windows. With exposed beams, custom frosted glass & steel doors and high ceilings; this is loft living at its finest! The expansive open chef’s kitchen enjoys custom Italian cabinetry with paneled appliances, subway tile backsplash, LED under-cabinet lighting, a Bertazzoni four-burner gas stove, Bosch dishwasher and refrigerator with freezer drawer.
The home opens effortlessly and enjoys two oversized balcony, accessible though both the living room and second bedroom. The master suite enjoys a private terrace as well. Take in the fresh air and enjoy a morning cup of coffee with the sunrise to the East or an evening glass of wine with friends or family. Throughout, the home features 7.5” hand-scraped, antiqued, & brushed white oak floors, tilt & turn windows and a Bosch Washer Dryer. Private outdoor space, natural light, layout, and gorgeous finishes all come together in this bespoke package.
For more information click here
Founded in March 2020, PropTech Consulting’s Managing Partner, Jonathan Klein, shares his perspective and expertise, while identifying novel and creative approaches for his clients’ unmet needs. As an independent consultative authority on XR, PropTech Consulting bridges the gap between real estate and technology companies in this current volatile environment. Our goal is to drive transformative change in the real estate industry through innovation, technology and transparency. Based in New York City, PropTech Consulting serves as a trusted resource for its technology solutions, professional services and growth advisory.
New Rentals Near Your Favorite Parks
As the pandemic continues to change behaviors and allow people to rethink their lifestyles, many people are recognizing the importance of access to outdoor space -- even more than pre-Covid.
In addition to private terraces and shared courtyards, parks provide the ultimate neighborhood amenity: space to relax, exercise and even work outdoors, where the air is fresher and the sunlight fosters productivity and creativity. As many people continue to stay home, work from home and educate their children from home, living along a park can make all the difference.
Waterline Square
Developed by GID Development Group, Waterline Square is an iconic collection of three residential buildings along the Hudson River where Midtown meets the Upper West Side. Each of the three towers graces a beautiful park designed by Mathews Nielsen Landscape Architects that serves as both a backyard and an oasis. Spanning nearly three acres, the park is complete with water features, lush plantings, walking paths and a playground, creating a verdant view and serene retreat. One Waterline Square's Residence 505 is a spacious, light-filled home that offers the perfect combination of stunning design, iconic views and highly-coveted parkside living. This one-bedroom, one-bathroom home features floor-to-ceiling windows, a graceful entry foyer, an open kitchen with an appliance package designed by Bosch, a walk-in closet, vented washer/dryer, and a five-fixture bathroom. Residence 505 is currently on the market for $4,852/month.
Gateway
Nestled in the lush greenery and waterfront parks of NYC's coveted Battery Park City neighborhood, Gateway is a peaceful residential oasis comprised of six high-rise buildings with breathtaking harbor and city views. Residents of Gateway enjoy a beautifully-landscaped outdoor lawn overlooking the Hudson River, as well as the nearby Hudson River Esplanade offering beautiful gardens and miles of waterfront paths perfect for soaking in these amazing views. Residence 30K is a spacious one-bed, one-bath home with a closed kitchen and walk-in closet. Currently on the market for $3,081/month. Listing HERE.
Laguna
Located on the waterfront of Jersey City’s thriving Newport neighborhood, Laguna combines waterfront living with incredibly spacious homes, all on coveted green space. Laguna places residents directly across from Newport Green, the lush, 4.25-acre park designed by Mathews Nielsen Landscape Architects that offers fun amenities including a turf playing field, open lawns, outdoor Ping-Pong tables, botanical garden paths, playgrounds, a fountain plaza, carousel, bench seating, free Wi-Fi and more. Laguna's Residence 201 is a generous one-bedroom, one-bath south-facing home. The home is complete with a modern open-plan kitchen, Quartz countertops, in-unit washer-dryer and a walk-in closet. The apartment is currently on the market for $3,005/month.
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.
South Harlem Condo 300 West Opens with Massive Wait List
While most buildings continue to push off launches/openings until the fall selling season, one building is bucking the trend and coming to market today -- in the heat of summer -- thanks to a waiting list of more than 700 registrants.
With favorable interest rates and move-ins happening in less than six months, developer Bespoke Living, a division of Happy Living Development, believes that their newest luxury condominium in South Harlem, 300 West, will attract buyers with its attainable price points, expansive layouts, larger-than-life amenities package and prime uptown location in a neighborhood that continues to have a high return on investment with appreciating home values and a great sense of cultural identity.
Currently under construction and rising on the corner of 122nd Street and Frederick Douglass Boulevard, 300 West is the brand-new, ground-up, 15-story, attainably-priced luxury condominium that brings Manhattan's downtown chic to the nabe for the first time with a best-in-class design team and the area's largest amenities program that caters to residents of all ages.
Initial pricing for 300 West's 170 homes, ranging from studios to four-beds, begins from $499,000. Douglas Elliman Development Marketing is the exclusive sales and marketing agent for the building.
300 West's captivating architecture has been conceived by Issac & Stern Architects and the interiors by Paris Forino. The project is Forino's first in Harlem. The development is nearby Columbia and other prestigious educational institutions, is within walking distance to amazing eateries and entertainment options, and has easy access to alternative transportation options like the West Side Highway and Hudson River bike path.
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.
What To Look For When Searching For A New Office Space
Office space is hard to come by these days. They’re always way too expensive, or somehow part of a strange tech cult-like WeWork was. Good thing we have options this time around. There’s a ton of resources that allow us to choose between office spaces like any other property piece. With fresh eyes and adaptation to new tech, property management companies are chomping at the bit to give people the best options they can at a competitive price.
If you’re in the market to rent out some new space, here are the essential things to look for.
Security Features
Security is the most important thing when it comes to office space. It doesn’t matter what neighborhood you decide to park your business at, as long as the property has enough security around it. If you look at the Chelsea offices, most of them have doormen and passcodes. This is because Chelsea is the premiere spot for new and budding businesses to start in New York. But let's not forget that Chelsea wasn’t always as swanky as it is now. There had to be an adaptation period. Other spots around the city that are growing in popularity. Make sure that they’re up to speed when it comes to their security protocols.
Tech Infrastructure
If you’re running any sort of modern business, you’re going to need a tech infrastructure. This means existing routers, or the ability to install them. Often, this means having an open communication line with property management. This is often overlooked. We look at the exposed brick and the great lighting and immediately get sold. Sometimes we forget that half of an office is computers and screens. Those have to be taken into account. If you can freely set up your tech infrastructure, or can easily adapt to theirs, this a clear win for all parties involved.
Vicinity to Employees and Customers
How far are you from your employees and your customers? Again, the design and the look of an office may be the guiding force to signing the contract, but you really have to take into account the people that are going to be working there. It should be centrally located, or within a train ride away from most of your employees and/or customers. Have your people list out where they’re willing to go, and where they’re not willing to go. From there, triangulate a space where most people can be happy. You won’t be able to please everyone, but getting the majority is what matters. As far as customers go, figure out, either through online analytics or a survey, where the majority of them are coming from Flushing, why would you set up in Flatbush?
Office spaces may be few and far between these days, but there are still wonderful options. All it takes is a keen eye for quality and the right questions for management. Be assertive, but not aggressive. When dealing with said spaces, especially high yield spots, there will be some steep negotiations. Stick to your guns and stick to your standards. Good luck!
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.
Take A Walk Through The LIAIGRE Showroom Now On The Market
The Townhouse and former showroom of renowned French furniture designer, LIAIGRE has just came to market for $21,000,000 at 34 East 61st Street.
The 21-foot-wide property hosts five floors: two retail/commercial floors and a finished cellar, and one apartment on each of the three floors above. LIAIGRE occupied the space for almost a decade and prior to that, the famed restaurant Aureole hosted thousands of guests for many years.
This is a mixed use Townhouse with ample opportunities, at the border and Mid-Town and the Upper East Side. One block away from Central Park, the Townhouse looks at the most glamorous stores of New York City on one side and takes us to the business district and the best restaurants on the other.
The apartments that currently occupy the three floors are in like-new conditions. Designed and currently furnished by French architect-designer Christian Liaigre, they are elegant, spacious and offer top of the line kitchen, laundry room and bathrooms.The third and fifth floor have a terrace looking up at Manhattan sky. There is ample room to build an elevator and still enjoy the spacious floors.Commercial area: 4,942 SQFT Residential area: 3,034 SQFT Current Tax: $263,602.All figures are approximate
The property is being listed by Catherine Godbille-Koechlin at Douglas Elliman.
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.
Our Favorite Listing: A Tribeca Penthouse That Just Hit The Market For $17.5M
Inside this weeks virtual tour
Read MoreHomes You Need To Make Appointments For This Weekend
Looking for a new place to live or just curious about what's on the market? Check out our top open houses you should make an appointment for this weekend.
Have a listing you think should be featured? Submit your open house or contact us to tell us more!
Upper East Side
WHERE: 139 East 63rd Street, 5D
SIZE: 2 Beds | 2 Baths
COST: $1,495,000
About: This recently renovated, spacious and sunny two bedroom, 2 bathroom co-op is an absolute gem. Enter the apartment through the extra-wide, 23-foot long gallery, perfect for displaying art and entertaining (or double stroller parking!).
The open living and dining room is more than 31' long and has Western and Northern exposures, complete with custom built-ins and a discrete-yet-distinguished full bar, elegant refinished hardwood floors and encased through wall AC units for more built in storage. The renovated kitchen is adjacent to the dining area, has high end appliances and tree-filled courtyard views. Off the kitchen is a washer/dryer conveniently placed in a closet with ample space left for supplies.
The spacious, serene master bedroom's Western views are encased in City Windows and custom shelves. There is a walk-in closet and an additional closet. The en suite bathroom has been renovated in a classic contemporary style with Waterworks appliances and NuHeat floors among other high end amenities. Across the hall is the large second master bedroom and second renovated, full bathroom. This bedroom's Eastern exposures provides lovely views of lush courtyards. It has two closets, including a walk-in.
For more information click here
Tribeca
WHERE: 84 Thomas St, 2
SIZE: 3 Bed | 2 Bath
COST: $4,000,000
About: Meticulously renovated 1880 PreWar full-floor sprawling loft on the intimate street of Thomas in TriBeca, conveniently located between W. Broadway & Hudson. Just to identify a few of the rarities this loft offers: custom high-end finishes from top-to-bottom, soaring 17ft ceilings, exposed brick & solid steel beams throughout, private elevator landing and Miele appliances. Currently configured as a one-Bedroom with the ability to convert into 2-3 Bedrooms with ease.
Conveniently centered in the epicenter of prime Tribeca moments from the Hudson River Park and all public transportation, restaurants, entertainment and amenities and in close proximity to Soho and the spectacular evolving Lower Manhattan, this loft truly has it all.
Intimacy is a theme at No. 84 Thomas Street. With just five residences, the boutique scale of the building provides great personal privacy. Conveniently centered in the epicenter of prime Tribeca a dynamic, culturally fascinating, and continuously evolving neighborhood.
Gramercy Park
WHERE: 34 Gramercy Park East, 3A/R
SIZE: 2 Bed | 2 Bath
COST: $2,295,000
About: Stunning and sumptuous, this turn-key designer apartment evokes living of a bygone era with all the glorious details of a pre-war cooperative alongside many of today's modern conveniences and a coveted key to Gramercy Park.
Enter a long corridor with Venetian plaster walls and beautiful arched doorways leading to an open plan living and dining room with an incredible decorative fireplace mantle and oversized south and east facing windows. Custom bookshelves line one wall, plaster details frame the room and beautiful herringbone floors create a gorgeous backdrop to many custom details including window treatments, wall coverings, and dcor. The entire apartment boasts 10' ceilings giving grand scale to every room.
Two large bedrooms, a bathroom, and two closets are located off the main entry corridor. Both bedrooms retain immaculate plaster detailing, grass cloth wall coverings and bespoke window treatments. A decorative fireplace anchors the master bedroom with two large south facing windows, a wall of custom California Closets, coffered ceilings, and parquet floors. The second bedroom has its own wall of outfitted closets, two sunny windows, and numerous original details.
Conveniently situated off the dining area is a renovated kitchen with custom millwork, Viking range, and stainless-steel appliances. The kitchen is adjacent to a wonderful sitting room that is perfect for casual dining. This room could also be used as a home office or potentially a third sleeping area. Between the kitchen and living room is a second large bathroom with original tiles, Carrera marble and brass fixtures, and custom wall treatment.
Navigating the NYC Real Estate Market in 2020
As the epicenter of COVID-19, New York City’s real estate landscape has experienced significant changes over the past few months as the result of growing concerns around the economy and global health crisis.
Home sales slowed in the city during the first half of the year. However, as the state continues to reopen, transactions seem to be picking up again. Read on to learn about the current state of New York City’s real estate market and what implications it may have on the buying experience:
In-Person Showings
As NYC enters phase 2 of reopening, buyers are now able to view properties in-person, providing greater opportunities for sellers to capitalize on pent-up demand. Even so, real estate agents are still urged to offer virtual tours, encourage the use of face masks, and schedule showings only by appointment.
For the time being, you should anticipate a nontraditional buying experience. Home tours may be limited to one prospective buyer at a time, and at least some aspects of the homebuying process will be conducted virtually to abide by the city’s social distancing requirements.
Record-Low Interest Rates
In efforts to stimulate the economy, the Federal Reserve dropped interest rates to a record low. This has bolstered both mortgage refinancing and buying activity as homeowners and prospective buyers seek ways to take advantage of more favorable borrowing terms.
Low rates might incentivize you to apply for a mortgage or buy as opposed to rent. If you’re looking to buy in the city, you could borrow against your current home through a low-interest equity loan, which would provide a source of cash to put toward a new house.
Home Prices
Despite experiencing an initial dip, reports show that home sales have remained relatively constant throughout the pandemic. This may be an indicator that prices could continue to stay stable or even increase once the competition returns to normal.
As home prices remain consistent, you should prepare for tighter competition and bidding wars. You’ll want to put down an attractive offer from the get-go, which may require you to apply for mortgage preapproval or front a higher down payment.
Recovery Timeline
While the real estate market is poised to recover to a semblance of normalcy, specific price points will likely experience faster regrowth than others. According to 6sqft, the luxury market may be slower to recover since many of these buyers left the city at the start of quarantine. However, the city’s allure will still attract investors to invest in residential development, bolstering growth across all price points.
Regardless of price point, you should expect buying activity to improve with time. While families and wealthier buyers may be slower to return to the city, blue and junior-white collar workers still need housing close to their offices as business continues to open. In addition, millennial buyers ready to pursue urban living may help fuel the sub-$2 million market.
Buyer Preferences
With many employees now working from home, buyers are beginning to seek properties with more amenities, outdoor spaces, and home offices. Some people, especially those with children, have even moved further out from the city center and flocked to the surrounding suburbs where it’s less crowded and where there’s more room to social distance.
If you’ve spent the past few months raising your children and/or working from home, you may have different priorities than you did when quarantine began. If you anticipate your current schedule staying the same for the foreseeable future, you might want to consider a home with more space and convenience, even if that means moving farther away from the city.
The city’s recovery will depend greatly on whether a second wave of the virus emerges and when schools will reopen. The state may also decide to raise taxes to make up for economic shortfalls during the pandemic, which could have an impact on the market. In the short-term, however, real estate activity is expected to continue gaining momentum.
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Tips and Tricks for Maintaining Brick Walls
Whether they were built before the turn of the century or revamped for a more modern style, brick walls are among the most beloved accent pieces in a home. The texture and warm color schemes these surfaces provide instill a property with a touch of classic charm. Their durability and strength make them a staple of many architectural endeavors. However, as resilient as brick is known to be, it can still sustain damage over the years and require regular maintenance to keep it looking nice. Here are a few tips and tricks for maintaining brick walls and preserving the design you love.
Clean Your Brick Regularly
You may not typically think of brick as something that needs cleaned regularly, but removing any caked-on dirt and grime will bring the porous material back to life. Use a pre-mixed cleaning solution of water and vinegar, and gently wipe down the surface with a cloth. You don’t want this solution to be too strong, and you also don’t want to scrub too hard, as it can begin eroding the grout.
Protect from Future Damage
It’s also important that you protect your brick surfaces from sustaining any additional damage in the time before its next cleaning. Brick sealant preserves the overall look of your brick walls by acting as a shield against dirt, weather, and even sunlight. This prevents deterioration over time and leaves your walls with either a smooth or matte finish, depending on your preferences.
Paint or Stain the Surface
Another important trick for maintaining brick walls is to give it a fresh look every now and again. Brick painting and staining are two of the most common upgrades you can perform on your brick walls. Each has a series of advantages and disadvantages, but both work exceptionally well at providing an extra protective layer and reducing the likelihood of damage. They can also provide your home with an eye-catching new style, and they allow creative freedom in customizing your home.
5 Ways to Beautify a Property With Minimal Outdoor Space
To feel happy and satisfied with the space you live in, you have to make the most of your home with your own personal touch. Every square inch counts, especially if you're living in smaller quarters — and that includes outdoor space. The exterior is the first thing guests see when they visit or tour your property.
New York properties are not renowned for their square footage, and many buildings don’t have extensive yards to boast about. Fortunately, there are plenty of fun ways to beautify your exterior that don't require much outdoor space. A beautiful city property relies more on architectural details, artful greenery and thoughtful design.
Curb appeal is for everyone, not just those with huge lawns and giant shrubbery to boast. All you have to do is dive in:
1. Invite Some Color
Even if your front door is your main focal point, adding a few pops of color can do wonders for your home's curb appeal. You can go in whatever direction you'd like with your hues — from a bright red front door to a purple mail slot. Experiment with your shutters, your walkway and any other details your home might have.
Colors are a great way to show personality in your curb appeal, and they can make your space look put-together and stylish. There’s nothing residents and tourists love more than a row of city buildings with colorful doors, after all — it’s an easy way to stand out in a sea of brown and gray properties.
2. Polish the Exterior
When you don’t have a lot of outdoor space, the main attraction of your property will be its exterior appearance. Owners can boost curb appeal by spending more time attending to the very bones of the building.
One of the best places to put your attention is your siding. Good quality, clean siding can improve your curb appeal and increase the resale value of your property should you ever choose to put it back on the market. Power washing is one way to brighten up the exterior, but if your siding is still looking a bit shabby, it could even be time to replace it.
In addition to enhancing the quality, updating your siding enables you to match the architectural style and color to your preferences. This work can help your property blend into the neighborhood style, embrace a pop of color or simply refresh the original design to make it more appealing to passersby.
3. Let Your Plants Hang Out
If you don't have the space for traditional landscaping, there's no need to fear. There are plenty of creative greenery solutions to make your property lush and natural without digging around in the dirt.
Potted and hanging plants can do wonders for a space and can create a cascading environment of greens right outside your front door. Try bringing in macramé and hanging baskets to get the full effect. You can have fun exploring your options for hanging plants and decorating with natural beauty in a brand new way.
4. Get Seasonal
Nothing shouts fun decor quite like a few seasonal touches throughout the year. People often underestimate the power of a wreath, but it packs a major punch. Stacking a couple of cute Halloween, winter holiday and even summer-themed decorative pieces can make your home inviting. Go all out for your favorite holidays or keep it refined all year long.
Changing up little details throughout the year demonstrates your attention and care for your property. Christmas lights, a few spooky cobwebs or a summer wreath can spruce things up and add a bit of charm.
5. Add a Bit of You
Your personality creates the details that make your house a home, and that's just as true on the outside as it is on the inside. Do you have a terrace that can be decorated to show off your favorite plants or furniture choices? Or street-facing windows that can benefit from attractive draperies? From detailed shutters to adorable doormats to creative lighting solutions, you can find details that make your home feel more like your own.
Doing this can bring a unique flair that will impress guests and put a smile on your face every time you return from a day of work.
Improve Your Curb Appeal Without Landscaping
You can do so much with your outdoor space, even if you don't have much of it. Your personality can shape your decor, taking your curb appeal to the next level. It's the little things that make your home special, especially when you're short on space.
Having fun, getting creative and embracing new ideas can make your city property even more beautiful than before.
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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