4 Tips for Homebuyers in a Rising Interest Rate Environment

By Stan Ponte

Stan Ponte

Rising mortgage rates are causing uncertainty for many homebuyers in today’s market. The average rate for a 30-year fixed-rate home loan rose to 5.27%, according to Freddie Mac on May 5th. In comparison, the average rate on America’s most popular home loan was 3.22% in early January and 2.96% a year ago.

While the rising interest rate environment might seem daunting for some buyers, there are still ways for consumers to purchase their dream home even though rates are higher. Here are four tips for homebuyers to consider when looking to purchase a home in a rising rate environment.

1. Cash is king

If buyers have the ability to pay all-cash for a home today, they will have a significant purchasing advantage and be seen as more likely to transact in the eyes of the seller. 

2. Be prepared

Buyers need to be extra prepared as time is likely not on their side. In today’s environment, interest rates can move quickly, either up or down. Buyers must be prepared to either buy interest rate locks or lose out because they are not ready to transact when they find a home. It’s important for buyers to work closely with a mortgage banker to ensure their current financial documents are updated and ready so that they can transact the moment they find a home. Buyers should triple check that all of their bank documents are updated with their mortgage banker especially if a home search is taking longer than expected. If a home search takes more than a month, buyers should provide new bank records so they can transact quickly when they are ready. If you are looking at potentially buying a co-op, where you own shares in the building rather than own the property itself, you may wish to do some research into what you need to do in order to get approved by the co-op board who are in charge of deciding whether your application will be accepted so that you give yourself the best chance of being able to secure somewhere to live.

3. Be creative 

Buyers should work closely with their mortgage banker to understand the different loan products and get creative with their financing options. Now is the time for buyers to lean into the competitive process for mortgage providers to determine what products are available today, at what rate, and at what cost. Adjustable-rate mortgages have returned as a way to straddle today’s rising rate environment, but buyers should understand all of the risks and the benefits associated with these types of mortgages to determine if they are a viable option for them.

4. Be careful 

While demand is coming back for adjustable-rate mortgages today, buyers should carefully read the fine print and fully understand the mortgage product that are taking. When signing a five, seven, or even 10-year adjustable rate mortgage, there are potential negatives and buyers must be careful as these are considered slightly risker than a 30-year fixed. Not only do these mortgages adjust to the current market rate once the term is up, but some contain balloon payments and/or the inability to refinance at will.

Rising interest rates and other economic headwinds are causing concern for many homebuyers today, but with this uncertainty comes great opportunities in the current market. There are some great deals out there and now is the moment for buyers to act if they can. Rates can still be attained, but the mortgage product might look different today.

Stan Ponte is a Senior Global Real Estate Advisor and Associate Broker with Sotheby’s International Realty - East Side Manhattan Brokerage. He was named the #2 agent across all firms in Manhattan by individual sales volume in 2020 according to “The Thousand” list, an annual national ranking by The Wall Street Journal and REAL Trends. As a realtor in New York City for the past 23 years, Stan’s client list ranges from first-time home buyers to CEOs, philanthropists, hedge fund managers, entertainers and technology thought leaders.

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Our Favorite Listing For The Week: 2,200 Square-Foot Park Ave Palace is Available Now For $4.5M

Looking for a new place to live or just curious about what's on the market? Check out our favorite homes you should make an appointment for this week. 

Have a listing you think should be featured? Submit your open house or contact us to tell us more! And be sure to view our new Listings Calendar

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45 Park Avenue, Unit 1702 | $4,500,000 | Agent: Michael J. Franco of Compass

Nestled in one of Park Avenue’s only new construction condo buildings, this home has a semi-private landing, sharing its floor with one other unit. Owners walk into a large foyer, which leads to the dining area and living room to the right. The living room is adjacent to the private, landscaped terrace, which has views that will capture the heart of any New Yorker! There’s an open kitchen, with custom cabinets and new Caesarstone counters, along with high-end, stainless steel appliances. Oak floors, central air conditioning, laundry facilities, and more can be found in and throughout the home, too.

Living at 45 Park Avenue has numerous perks: full-time door staff and concierge service, a fitness center, a residents’ lounge, a sundeck, and beautiful touches from renowned architect Costas Kondylis. It’s in the center of the city, too, at the crossroads of Murray Hill, the Flatiron, Midtown, and the Upper East Side — putting the best of NYC at your doorstep!

The primary bedroom has two huge walk-in closets, a planting terrace, and a spa-like ensuite bathroom, with double vanity, a rain shower, and a soaking tub. The second bedroom also has a large closet and en-suite bathroom, along with eastern city views. The third bedroom is situated in a corner, with exposures to the south and east, and wood paneling and ornate hand carvings. It also has a fireplace — making it ideal to double as a library or den.

Buyer beware! You’ll fall in love with watching the sunset behind the towering Empire State Building and the rest of Midtown from this home’s gorgeous terrace! Located at 45 Park Avenue Unit 1702, this three-bedroom, three-bathroom home is listed for $4,500,000 by broker Michael J. Franco of Compass

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Our Favorite Open Houses This Weekend

Looking for a new place to live or just curious about what's on the market? Check out our favorite homes 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!

Central Park West

WHERE: 300 Central Park West, Apartment #16B

COST: $7,500,000

WHEN: By Appointment Only

Description: Beyond beautiful, this exquisite custom designed home is like an Hermes jacket with hidden suede-lined pockets -- the epitome of luxury. Sumptuous furnishings overlay environmentally friendly materials making this true triple mint terraced gem a rare opportunity at the Eldorado, one of the preeminent trophy buildings on Central Park.

Represented by Lisa Lippman of Brown Harris Stevens. Asking $7,500,000.

Bedroom : 2

Bathroom: 2.5

Soho

WHERE: 104 Wooster Street, Apartment #4N

COST: $7,250,000

WHEN: By Appointment Only

Description: A private key-locked elevator opens directly into this fully renovated, Cara Woodhouse designed loft where you are greeted by a sprawling living room complete with 13' beamed ceilings and columns and a gas fireplace. Oversized west facing windows flood this quintessential loft with warmth and natural light. The large dining area sits adjacent to the open chef's kitchen with top-of-the-line appliances including Sub-Zero refrigerator, Viking range and Bosch dishwasher providing the space with a lovely flow and an ideal atmosphere for entertaining, while the center island provides a casual seating area, extra storage and a wine refrigerator. The pin-drop quiet primary bedroom suite features soaring ceiling heights with a four fixture en-suite bathroom, and is complete with three oversized closets. The second and third bedrooms are adjacent to one full bathroom, with an additional full bath in the hallway.

Represented by Matthew Cohen, Brown Harris Stevens. Asking $7,250,000.

Bedroom : 3

Bathroom: 3

Fort Greene

WHERE: 230 Ashland Place, Apartment #10C, Fort Greene

COST: $1,295,000

WHEN: By Appointment Only

Description: Enjoy breathtaking sunrises and wide-open views from The Forte at 230 Ashland Place. 10C is a 2 bedroom/2-bathroom corner condominium unit that has thoughtfully been refreshed by its only owner. This apartment has refinished hardwood floors throughout, new kitchen backsplash, granite countertops, brand-new, full-sized washer and vented dryer, as well as a new programmable wi-fi enabled oven/range. The open concept living area makes it ideal for entertaining, all while surrounded in wall-to-wall windows overlooking the landmarked Fort Greene Historic District. The Forte at 230 Ashland Place is a full-service building with 24 hour doorman, fitness center, common roof deck with sweeping city views and cold storage/package room. Represented by Chris Poore, Brown Harris Stevens. Asking $1,295,000.

Bedroom : 2

Bathroom: 2

Inside The MOST EXPENSIVE Penthouse in Battery Park New York City

This week Youtuber Erik Conover takes a look inside the MOST EXPENSIVE penthouse in Battery Park NYC - The Penthouse at the Ritz Carlton. Comment what type of luxury apartments, townhouses or unique new york real estate you want to see in the next nyc apartment tour!

Listing Description With its palatial proportions, panoramic views and perfect location in the heart of Battery Park City, The Penthouse at 10 West Street balances grandeur with intimacy in NYC’s “city within a city”. This five-bedroom, five-and-a-half-bath duplex condominium encompasses the 39th and 40th floors of the tower exceeding 7,500 square feet of interior space and approximately 1,350 square feet of private outdoor space. The floor plan features a dramatic entry gallery, expansive living areas, a home gym, an oversized home office and a master suite luxuriously equipped with a separate dressing room, a spacious master bath and separate his and hers walk-in closets. With terraces on the north and south sides of the residence, the Penthouse reaches rare heights with its majestic views and refined opulence. Wrapped in nearly 400 square feet of floor-to-ceiling windows, this spectacular home affords sweeping river-to-river views of New York’s most iconic landmarks from the Statue of Liberty and One World Trade to the Empire State and Chrysler Buildings and enjoys an abundance of natural light that accentuates the Venetian stucco and silver leaf detailing, exquisite millwork and state-of-the-art appliances. In addition to a fitness center, the building’s amenities include concierge, bellman and valet parking services. Set in the peaceful oasis of Battery Park City, by the banks of the Hudson River, the building is surrounded by more than 30 acres of manicured green space, including ball fields, playgrounds, dog runs and a riverside promenade. Also close to the new and private club “Casa Cipriani” located on the water in the iconic Maritime Beaux Arts building, area residents can enjoy private amenities and exclusive entertainment just minutes from home.

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Our Favorite Listings For The Week : Live Among the Clouds in the Tallest Penthouses in Manhattan Neighborhoods

Looking for a new place to live or just curious about what's on the market? Check out our favorite homes you should make an appointment for this week. 

Have a listing you think should be featured? Submit your open house or contact us to tell us more! And be sure to view our new Listings Calendar

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180 East 88th Street #PH

Listed with an asking price of $33 million, the penthouse at 180 East 88th Street is at the highest elevation north of 72nd Street on the Upper East Side and offers thrilling panoramic views in all directions. The duplex penthouse spans 5,508 square feet, with an additional 3,500 total square feet of exterior terrace space across all levels — including an expansive private rooftop terrace overlooking Central Park at an elevation of 467 feet. The impressive home features two living room spaces — including one with a gas fireplace and wet-bar — a large dining area, eat-in kitchen, five bedrooms plus den, four full and two half baths and a gorgeous sculptural spiral staircase leading to the upper-floor bedrooms and third-level roof terrace. Images available here (Credit: March Made for DDG).

Designed by Joe McMillan’s DDG and inspired by the boom in high-rise masonry construction in New York in the early 20th century, 180 East 88th Street pays homage to the lost art of traditional craftsmanship while maintaining a modern aesthetic. The intricate exterior features a striking hand-laid brick façade made of nearly 600,000 handmade bricks by Denmark’s master brickworks Petersen Tegl, as well as signature arches. The intimate building is home to only 47 full- and half-floor homes.

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Madison House 15 East 30th Street #PH60A

The 5,151 square foot duplex penthouse at Madison House is the tallest home in the NoMad neighborhood of Manhattan and offers unsurpassed panoramic views of the New York City skyline including the Empire State Building. Currently listed for $25 million, PH 60A features four-bedrooms and four and a half-bathrooms and has an elegant entry foyer that leads to an oversized great room that features a fireplace and 23-foot double height ceilings. A staircase leads to the second level that has an additional bedroom and the primary bedroom suite equipped with a wet bar and two walk-in closets. The ensuite dual baths offer honed Bianco Dolomiti marble on the walls as well as floors, which are heated, with a custom Gachot-designed vanity and mirror. Platinum matte Dornbracht fixtures accentuate the vanity, Kaldewei tubs and Durivit toilet. White oak 5-inch plank floors and 9-foot solid walnut doors are featured throughout the residence. Gachot-designed custom rift-cut cabinetry accentuates the kitchen, with a honed Calacatta Borghini marble waterfall island and backsplash. Gaggenau appliances including a cooktop, combi-steam oven, convection double oven, refrigerator, and wine refrigerator outfit the kitchen. A striking powder room with honed Calacatta Nuevo and Absolute black marble walls complemented by a Gachot-designed custom vanity with Dornbracht fixtures is situated thoughtfully off the entry foyer. PH 60A also has a 222 square foot outdoor terrace. Images here (credit: Courtesy of Madison House).

Madison House offers a double height attended lobby and 30,000 square feet of amenities. These include a spa with a 75-foot lap pool, cold plunge, hot tub, steam room, sauna, and treatment room. A 2nd floor 2,800 square foot roof garden. 5th floor double height Gachot-designed private lounge and bar, 14-seat private dining room with a demonstration and catering kitchen, conference room, card room and reading room. State-of-the-art exercise room, separate yoga room, and 6th floor sports lounge with a golf simulator, billiards table and children’s playroom.

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Vandewater 543 West 122nd Street #PH31A

Asking $4,300,000, Penthouse 31A at Vandewater, the 33-story luxury tower designed inside and out by the celebrated INC Architecture & Design, is the tallest available residence in Morningside Heights. Boasting over 2,000 square feet of space, this gracious penthouse features breathtaking eastern and southern views of Central Park as well as wide-open northern views of the George Washington Bridge and Hudson River. The home also features a generous foyer leading to a large elegant living and dining area and chef’s kitchen with a beautiful Quartzite island. The primary bedroom includes its own southern and eastern exposures. Every residence at Vandewater features oversized casement windows, stained white oak hardwood floors, and state-of-the-art kitchens and baths. In addition to its stunning residences, the building boasts 24,000 square feet of programmed indoor and outdoor space, including a stunning outdoor terrace and intimate private gardens by Michael Van Valkenburgh Associates.

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Inside The Custom Home That Comes to Market in Chelsea's Walker Tower

Walker Tower is one of Chelsea’s finest residential developments and 11C is an exquisite and spacious four-bedroom (with two primary suites), plus home office, four-and-a-half bath residence custom designed with many custom upgrades and some of the highest ceilings in the building at 13 feet.

Upon entering this custom home, one is immediately drawn to the oversized tilt-and-turn windows in every room of this almost 3,900 SF corner home with views facing South, West and North. French herringbone oak flooring and up to 12 foot ceilings set an elegant tone throughout. Enjoy loft-like proportions in the massive great room lined with a wall of custom built-ins, while the custom Smallbone kitchen features marble and limestone countertops, Dornbracht fixtures, Sub-Zero refrigerator, fully vented induction cooktop with pot filler, two Viking wall ovens and a warming drawer, Miele speed oven and built-in coffee system and a wine refrigerator.

The listing at Walker Tower (212 West 18th Street, 11C), is listed for $14,750,000 with Douglas Elliman’s Alexander Boriskin and Michael Lorber.

No detail was overlooked in the design of this home. Radiant heat floors pave the entire residence; a Crestron Home Automation System attends to all controls; the large laundry closet features a fully vented dryer; and built-in zoned humidification system, ultra-quiet central air conditioning and ventilation ensures optimal temperature and air quality throughout the year.

Designed by Ralph Thomas Walker, the building was originally built in 1929 and then converted to luxury condominium homes in 2012. Residents of Walker Tower enjoy 24-hour doorman and concierge service, a library lounge, state-of-the-art fitness center, playroom and a landscaped roof deck with dining area, sun lawn, observation area and covered cabana.

The sprawling primary suite is a serene escape with grand dimensions. The en suite bathroom in floor-to-ceiling marble, features an inviting cast-iron soaking tub, frameless glass steam shower, extra-wide dual-sink vanity and Waterworks fixtures. A glamorous dressing room with three additional closets providing even more storage. Three more complete bedroom suites (one which could be a second primary suite) line the western wing of the home, each with custom lighting and gorgeous en suite bathrooms.

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First To Know The Brooklyn Home Company Launches Sales at Largest Condominium to Date

Developed by The Brooklyn Home Company the Butler Collection is two boutique ground-up new developments located at 350 Butler Street and 137 4th Avenue, featuring 41 residences, including three sprawling penthouses and two duplexes with yards, in Brooklyn's tree-lined Park Slope. The Collection of eco-friendly luxury condominiums, including one development constructed with Passive House principles.

Photo Credit Matthew Williams

The development will also host an installation by ceramic artist Yuko Nishikawa, debuting this month. The Lindsay Barton Barrett team at Douglas Elliman is the exclusive marketing and sales team.

Photo Credit Matthew Williams

The Butler Collection is a contemporary offering of residences with exceptional designer interiors, premium finishes and upscale appliances. Most homes offer private outdoor space. All have wide-plank white oak floors and stylish marble in entries and bathrooms. Tall ceilings are accented by recessed ultra-thin LED lighting throughout. Kitchens feature honed granite countertops, Shaker cabinetry and high-end appliances by Bertazzoni, Bosch and GE. Every home at The Butler Collection has a washer-dryer.

Photo Credit Matthew Williams

“The Butler Collection represents the culmination of every element that makes a project by The Brooklyn Home Company special,” says Bill Caleo, co-founder of TBHCo. “While maintaining the integrity of the warm and welcoming quality for which each of our residences have become known, building at the largest scale for our firm to date allows us to deliver multiple beautifully-designed amenity spaces for buyers for the first time. We are proud to not only continue to contribute to the popularity of Passive House principled construction in Brooklyn, but also prominently display an incredible collection of integrated art from Fitzhugh Karol and a forthcoming installation from Yuko Nishikawa this April.”

Photo Credit Matthew Williams

The Collection is comprised of studios to spacious four-bedrooms homes. Bedrooms are spacious with roomy closets, and bathrooms boast an array of marble and quartz details finished with Waterworks fixtures. Original design elements and hand-picked materials enrich the living experience for all projects by TBHCo, a family-operated design and development firm created by Bill Caleo, his sister Lyndsay Caleo Karol and her husband, artist-in-residence Fitzhugh Karol. 

The Butler Collection features a full amenities package including an attended serene lobby with an integrated art piece from Fitzhugh Karol, a fitness center with top of the line equipment, an interactive children's playroom with hand painted murals, a rock climbing wall and jungle gym, bike storage and a roof deck that will be furnished and landscaped. 

Photo Credit Matthew Williams

“The launch of The Butler Collection is an exciting milestone for The Brooklyn Home Company,” says Lindsay Barton Barrett, lead broker with Douglas Elliman. “The firm has raised their profile with every new project and now The Butler Collection offers buyers a robust new development offering but with the TBHCo signature touch. New construction in Park Slope is still exceedingly rare and buyers at The Butler Collection have the best of both worlds - new construction homes and a historic neighborhood with stunning brownstones and tree-lined streets.”

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Our Favorite Listings For The Week

Looking for a new place to live or just curious about what's on the market? Check out our favorite homes you should make an appointment for this week. 

Have a listing you think should be featured? Submit your open house or contact us to tell us more! And be sure to view our new Listings Calendar

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200 East 59th Street #20E

Credit: 200 East 59th Street

Pushing the boundaries of modern architecture worldwide is 200 East 59th Street, a newly completed New York skyscraper located at the intersection of the Upper East Side and Midtown East. Designed inside and out by award-winning firm CetraRuddy, the building is the city’s newest architectural marvel with bold, terraced architecture offering New Yorkers a rare indoor-outdoor lifestyle. Currently available at the tower is Residence 20E, a remarkable, half-floor corner residence spanning 1,720 square feet with two bedrooms, two-and-a-half bathrooms and a deep wraparound terrace with views overlooking Central Park and the Midtown skyline. The home features floor-to-ceiling glass windows and expansive 10’ ceilings that tie the inside/out living concept together perfectly. Residents also have access to a luxe residents lounge with a catering kitchen, fireplace nook and large outdoor deck with plenty of seating, as well as state-of-the-art fitness center. The location at the intersection of the Upper East Side and Midtown East offers access to the very best of the city and world-class shopping and dining right just steps from the lobby. Priced at $4.895 million

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212 West 72th Street Apt. 16G

Credit: Recent Spaces

Award-winning architecture firm CetraRuddy has reimagined the Upper West Side’s most beloved rental building (where prices soared well beyond $20,000 a month) into a new luxury condominium called 212 West 72nd Street. Located at the iconic intersection of Broadway and 72nd Street, the ultra-modern building’s exciting transformation is being led by developer Centurion Property Investors and introduces 126 new residences to the neighborhood, just steps from the 72nd Street subway station and Central Park. Residence 16G is one of several beautiful new listings with Central Park views. It features a grand and unique layout with four bedrooms and four and a half bathrooms, totaling 2,834 square feet. Additionally, the building offers all-new common spaces, including a third-floor amenity level with a children’s room, resident’s lounge, state-of-the-art gym and fitness terrace, and a spacious rooftop deck that overlooks Central Park. The many private green spaces at the condominium are central to its luxury lifestyle, and complement its suite of wellness offerings that were designed to bring the outdoors in. Priced at $8.275 million.

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The Park Loggia Apt. 19A

The Park Loggia at 15 West 61st Street is the latest iconic achievement of Skidmore, Owings & Merrill and is in the epicenter of culture and luxury, quite literally moments from New York City’s most celebrated experiences. Residence 19A is a high floor three bedroom with loggia and expansive views of Central Park and Columbus Circle. A gracious entry gallery with wide plank white oak floors leads to a chef’s kitchen featuring a quartzite countertop, breakfast bar and full Miele appliance package, including double ovens and a wine refrigerator. The primary bedroom has access to the outdoor space, features a large walk-in closet and spacious five-fixture marble bathroom. Nearly 20,000 square feet of thoughtfully planned amenities, designed by AD 100 designers Pembrooke & Ives, includes ample indoor and landscaped outdoor gardens and roof terrace, spaces for entertaining, dining, fitness, and leisure activities to suit every taste. Priced at $6.675 million.

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Our Favorite Open Houses This Weekend

Looking for a new place to live or just curious about what's on the market? Check out our favorite homes 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!

East Village

WHERE: 298 East 2nd Street, #4, New York, NY 10009

COST: $2,450,000

WHEN: Saturday, April 30th from 2 PM - 4 PM and Sunday, May 1st from 11 AM - 3 PM

Description: Located in the East Village, 298 East 2nd Street #4 is an environmentally friendly home consisting of 2 bedrooms + a den and 3 full bathrooms. This loft-style, full-floor unit features private elevator access, a private balcony, clean air, and panoramic city views. Built with the purpose of mindful living, the Passive-House-inspired building was crafted on three core principles: light, air, and space.

Light: With 20-foot triple-pane floor-to-ceiling windows, each unit boasts unobstructed southern exposure exemplified by open layouts bathed in natural sunlight.

Air: Every space includes air-purifying energy recovery ventilators aimed at reducing contamination from incoming air. The airtight building envelope also ensures premium indoor air quality and circulation along with guaranteed peace and quiet.

Space: Approximately 90 feet of clearance between each residence make this isolated 1,838 sq ft unit perfect for guests and working from home, whether it’s in the office/den or on the private outdoor balcony.

Bedroom : 3

Bathroom: 3

Upper West Side

WHERE: 171 West 71st Street, Apartment #8/7B

COST: $6,250,000

WHEN: By appointment only

Description: One-of-a kind home in a one-of-a kind building. This magnificent eleven room duplex in the famed Beaux-Arts Dorilton offers sprawling proportions and grand living with turn of the century details, high ceilings, french doors, inlaid wood floors, juliet balconies, stained glass windows and four fireplaces. Rarely does a home like this become available. Approximately 4,000 square feet across two floors offers the flexibility to accommodate all of your lifestyle needs. As soon as you enter through the gates of 171 West 71st Street you know you are somewhere extraordinarily special. Built in 1902, the Dorilton stands in its own class of iconic architecture.

Upon entering you are welcomed by a gracious 30' entry gallery flooded with sunlight from floor-to-ceiling french doors leading to a juliet balcony. Enjoy wide open views to the south & west, which is extremely rare to come by in a prewar building. A grand living room, formal dining room with french doors and stained glass windows, both with fireplaces, exude elegance at its very finest. Perfect for entertaining. A double primary suite features a sitting room, dressing room and glamorous bathroom with stall shower and soaking tub. Kitchen, oversized maid's room with full bath and guest powder room complete the 8th floor. An elegant, windowed winding staircase leads to the 7th floor with 2-3 additional bedrooms plus an informal living room and great room - ideal for day to day living. A large windowed, chef's kitchen features top of the line appliances complete with maid's room and full bath. Central AC. Washer/dryer in-unit.

Represented by Joanne Greene and Nada Rizk of Brown Harris Stevens.

Bedroom : 5

Bathroom: 4.5

Upper West Side

WHERE: 210 Riverside Drive, Apartment #9AB

COST: $2,895,000

WHEN: Sunday, May 1, 2022, 2:00 - 3:00

Description: A one-of-a-kind, stunning combination! This must-see, expansive 7-room corner apartment enjoys extraordinary light and epic scale. Uniquely situated along Riverside Drive, soak in direct sun, open city views and commanding Hudson River Views from this high-floor, approximately 2000 square foot home.

Palatial proportions offer this apartment's new owner a return to an era of style and grace, along with the opportunity to re-configure the space into a four-bedroom masterpiece. Features include: 10' ceilings, original hardwood floors throughout, three updated full baths (can easily expand to 3.5 baths), built-in bookcases, two decorative fireplaces, and a windowed kitchen. Walls of picture windows highlight panoramic vistas of Riverside Park, the Soldiers & Sailors Monument, New Jersey and Lower Manhattan.

Represented by Scott Harris of Brown Harris Stevens.

Bedroom : 3

Bathroom: 3

First Look at Completed Upper East Side Residence Designed by Steven Harris and Rees Roberts + Partners

Just released 6 West, located at 109 East 79, designed by Steven Harris Architects and Rees Roberts + Partners. The location of this Harris-designed spectacular is paramount, situated only a stone's throw from the most famed and iconic pocket of Park Avenue––and in excellent company, amongst the area's architectural icons and historic heavy hitters.  6 West was developed by Legion Investment Group.

The building exhibits a masterful layering of eras, containing references and elements of Art Deco, Mid-Century, and Bauhaus styles throughout, and is equipped with gracious layouts inspired by those of Rosario Candela and J.E.R. Carpenter––in totality, capturing the very essence of The Upper East Side.

Lovingly designed by Steven Harris Architects, the newly unveiled Residence 6 West, is 109 East 79th's first finished residence, and the only one exquisitely furnished by Lucien Rees Roberts and Steven Harris. This home, one of the last available, features spacious entertaining and dining areas with a layout that emphasizes volume and surrounding views.

Prioritizing a highly functional floor plan with classically modern, timeless detailing, 6 West is a 4,140 sq. ft. half-floor residence with north, south, and east exposures, infused with the architect's signature attention to detail throughout. Containing five bedrooms, a formal dining room, five en-suite baths, a powder room, and a laundry room, this home features 10' ceilings in all primary rooms and a soaring 17'6" ceiling in the living room.

Throughout the residence, elegant architectural details and high caliber materials are showcased, including expansive casement-style windows in a white bronze finish, 4" wide plank rift and quarter sawn American white oak flooring set in a chevron pattern in all living areas, recessed panel stile and rail doors with burnished nickel Nanz hardware, and custom plaster cornices in all primary rooms, hallways, vestibules, primary bathrooms, and powder rooms.

The residence is accessed via private and keyed entry vestibule finished with St. Clair marble flooring and wire brushed rift-cut European white oak wall paneling, with a steel and glass entry door that flows into the residence's entry gallery.

The south-facing living room has 17'6" ceilings and soaring 13' high windows offering views along East 79th Street and neighboring Park Avenue. Adjacent to the living room is the light-filled formal dining room leading into an eat-in kitchen outfitted in hand-painted custom Italian cabinetry with polished nickel trim, honed Imperial Danby marble slab countertops and backsplashes, and a custom stainless steel island with a Nordic Gray marble slab countertop and outfitted with world-class professional-grade appliances.

As a leading feature of the residence, the primary bedroom suite, located in its own wing, features a windowed dressing room, and two oversized walk-in closets, and a sweeping 20' long casement-style window wall overlooking landmarked townhouses and verdant landscaped gardens.

All secondary bedrooms are generously proportioned and feature en-suite bathrooms clad in Honed Nestos Grey stone full-height tile walls and floors. The powder room, located adjacent to the entry gallery, provides a striking focal point with a floating vanity with a honed Maya quartzite slab vanity, custom integral sink, and matching door surrounds.

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High-Design New Residents Lounges for Entertaining This Spring

Hosting guests for spring festivities can be a big undertaking, but these residents’ lounges make entertaining fun, easy, and aesthetically pleasing. The spaces are carefully designed to connect residents to the outdoors, with plenty of natural light flowing in, beautifully landscaped terraces seamlessly accessible from the dining and seating areas, and plentiful lounge options both indoors and out for guests to gather and dine. Below are some of our favorite New York City buildings with amazing outdoor hosting locations.

200 EAST 59TH STREET IN MIDTOWN MANHATTAN

The double-height, marble and wood private lounge at 200 East 59th Street offers elegant design, spacious outdoor access and middle-of-it-all city views that will be marveled by residents and guests alike. The residents lounge is at the heart of the 35-story terraced tower, a new icon on the New York City skyline pushing the boundaries of modernism with sleek floor-to-ceiling glass and bold exterior columns at every corner. Residents have exclusive access to the lounge, which features a grand dining table, catering kitchen, fireplace nook and ample seating both indoors and outdoors. Envisioned by CetraRuddy, the space is flooded with natural light and intended as an ideal destination for all-seasons entertaining. With spring just around the corner, it has just completed construction and is now open for residents to experience. Credit 200 East 59th Street.

ROSE HILL IN NOMAD

Developed by Rockefeller Group, Rose Hill is the brand new full-service, 45-story luxury condominium tower at 30 East 29th Street in Manhattan’s coveted NoMad neighborhood and offers an expansive sky lounge and private resident’s club that has recently opened to residents. Perched on the 37th floor of the 600-foot tower, the luxurious club encompasses the entire floor and boasts eye-popping, panoramic views of all of New York City from the observatory, a Strand Books-curated library, and private dining room. Additionally, various indoor and outdoor entertaining spaces with lush landscaping are open to residents for use. Residents can take advantage of The Observatory Room, which offers a billiards table, ample seating space and opens up to a covered outdoor terrace with several tables and chairs.
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(credit: Evan Joseph)

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Our Favorite Listing For The Week: A Home Owned By The Winklevoss Twins

Looking for a new place to live or just curious about what's on the market? Check out our favorite homes you should make an appointment for this week. 

Have a listing you think should be featured? Submit your open house or contact us to tell us more! And be sure to view our new Listings Calendar

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20 Greene St., PH 6A | $16,950,000 | Agents: The Steven Cohen Team at Douglas Elliman

Our favorite listing of the week is the home is owned by the Winklevoss twins, billionaire crypto entrepreneurs.

Stunning & sophisticated condominium loft in SoHo featuring incredible outdoor terrace space with unobstructed 360’ views including every landmark in the city from Hudson Yards, to the Freedom Tower, to the Empire State Building. Located within the prestigious Cast Iron District, this 3 bedroom, 3.5 bathroom penthouse includes 4,300+ sq ft interior and the dramatic 2,200+ sq ft exterior. Enter into your semi private elevator landing and into the expansive first level with original arched windows and soaring ceilings.

his living area is larger than most apartments and is centered on the Crestron controlled gas fireplace and an unbroken gallery-length wall of over 57’. The rich beautiful open kitchen is a chef’s dream with an abundance of cabinet, storage and counter space, perfect for prepping for major entertaining or more casual informal gatherings.

This living area is larger than most apartments and is centered on the Crestron controlled gas fireplace and an unbroken gallery-length wall of over 57’. The rich beautiful open kitchen is a chef’s dream with an abundance of cabinet, storage and counter space, perfect for prepping for major entertaining or more casual informal gatherings.

To the far end of the extensive living space is the climatic floating stair case which takes you to the second and third levels. Perfectly designed with a sky light to accentuate the breathtaking structure and allow for warmth and light.

Just beyond the staircase separated by sliding door of Argosy steel and glass lies the rich library/den/media room featuring custom millwork, wall paneling a gas fireplace with onyx colored Travertine hearth, and dry bar with 15" Sub-Zero wine cooler.

Also in this area is the first level bedroom suite with its own large bathroom and beautiful built in wood paneling and closet space. This level features a dramatic powder room clad completely in rich dark brown marble.

The second level has two bedrooms and two large terraces. The grand primary bedroom suite is bathed in warm light and unlike any other including 2 oversized custom walk in closets and a beautiful spa bathroom. A wall of sliding glass doors lead to the private oversized south facing terrace.

Up to the third level is a wet bar with access to the largest of the three terraces perfect for incredible entertaining and the most sweeping city views.

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New York City Luxury Towers Inspired by New York History

Design inspiration can be found all over New York City thanks to the city's landmarked buildings and overall rich architectural history - not to mention its vibrant parks and green spaces. Now more than ever, architectural firms are looking at a building's environment to inspire its facade and overall exterior as a way of storytelling. With design steeped in New York City history, the new buildings listed below tell their own unique story of New York City's past and present.

150 East 78th Street

Located on the corner of 78th Street and Lexington Avenue, 150 East 78th Street - the condo development designed by award-winning architectural firm Robert A.M. Stern Architects - features an arched opening on 78th Street flanked by windows and metal detailing all painted a rich distinctive shade of green at the base of the building - a first for RAMSA and an ode to the metal conservatories that once existed in the surrounding Upper East Side neighborhood. The metal detailing and conservatories in a rich green continue as the eye travels up the building's facade and play beautifully against the warm tones of the brick and limestone façade.

(Credit: Hayes Davidson)

200 East 83rd Street

Rising approximately 500 feet above the corner of 83rd and Third Avenue, 200 East 83rd is its own celebration of the Upper East Side's architectural romance. The tower's traditional masonry façade of hand-laid Indiana limestone is embossed with wildflowers that were native to the area. Robert A.M Stern Architects wanted to pay homage to this historic location by memorializing these now extinct New York flowers in a way that would provoke people to want to learn more while bringing a little bit of the past to the present. These intricate and eye-catching details are carved around the building's elegant custom-brushed blackened nickel front door, allowing them to be admired at street level. Expanding on the classic Upper East Side tradition, the building also features sculpted railings that echo the street’s treelined greenery.

(Credit: DBOX)

Front & York

Designed inside and out by celebrated architect Morris Adjmi, Front & York is introducing the first opportunity to live in a full-service, luxury urban oasis in DUMBO. Inspired by DUMBO’s iconic Belgian-block streets and historic warehouse architecture, Front & York’s highly detailed, hand-laid brick façade is made of 1.2 million custom-made Glen-Gery bricks in a distinct hue that reflects the color of the surrounding streets. The intricate façade of the two 21-story residential towers is topped with a scalloped, custom-molded concrete superframe crafted in New York’s Hudson Valley, and the base of the building showcases signature arches inspired by the spandrels of the nearby and iconic Manhattan Bridge.

(Credit: Will Femia)

Vandewater

Vandewater is the first luxury residential condominium of its kind on Manhattan’s West Side. Located in the vibrant neighborhood of Morningside Heights, Vandewater offers 183 residences ranging from studios to four bedrooms. Designed by the celebrated INC Architecture & Design, the building is a fresh representation of the local classical neo-gothic architecture of the Manhattan neighborhood of Morningside Heights. Additionally, the building's facade material and color of weathered limestone pays homage to the nearby Riverside Church.

(Credit: Binyan Studios)

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Delshah Capital Selects REAL New York for Final Sellout of East Village Condo - The Avant

Delshah Capital has tapped a new brokerage team to sell the final remaining units at the East Village condominium, The Avant – selecting REAL New York to lead sales and marketing.

REAL New York is no stranger to achieving record breaking success in a competitive sales market, and is responsible for completing the highest priced condominium sale in Manhattan south of 23rd Street, which still holds the record today.

Photo’s courtesy of REAL New York

“The Avant is a sophisticated condominium at the intersection of one of Lower Manhattan’s most dynamic neighborhoods,” said Louis Adler, principal and co-founder of REAL New York. “We are thrilled to sellout the remaining residences and anticipate incredible momentum, particularly given the unprecedented demand in today’s market.”

In homage to the neighborhood’s rich history, the property also exhibits collaborations from renowned New York artists WhIsBe, Dain, and Flore. These installations offer an aesthetic akin to that of Basquiat, Keith Haring, and Jeff Coons, all of whom also launched their careers in the East Village. Lifestyle offerings include a part-time doorman supplemented with a ButterflyMX smart video intercom system which allows residents to securely receive packages and unlock doors remotely via the app. Additional amenities include a fitness center, resident lounge, bicycle storage and furnished rooftop deck with sweeping Manhattan views.

Located at 533 East 12th Street The Avant is comprised of 26 condominium homes with interiors by Italian design studio Bluarch Architecture featuring sleek contemporary design and unique high end finishes. Remaining residences include studio to two-bedroom homes and are priced from $885,000 to $2,350,000.

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Our Favorite Open Houses This Weekend

Looking for a new place to live or just curious about what's on the market? Check out our favorite homes you should make an appointment for this weekend. 

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Downtown Brooklyn

WHERE: 211 Schermerhorn Street, 5B

COST - $1,450.000

WHEN: Saturday, 4/14 12PM to 1:00PM

Description: This 2 bed, 2 bath condo has a seamless blend of rich and classic materials. It has an open and airy floorplan with a private balcony right off of the living and dining space. The space boasts oversized, floor to ceiling windows, wide plank oak floors, and an open kitchen with solid wood white oak cabinetry giving a minimalist, artisanal feel. The primary suite with a walk-in closet and en-suite bathroom and the condo also has a Bosch washer and dryer.

Bedroom : 2

Bathroom: 2

Bushwick

WHERE: 1009 Hancock Street 3R

COST: $775,000

WHEN: Saturday, April 16TH 11:00AM-1:00PM By appointment only

Description: Very airy and spacious 1 bedroom condo with 1.5 bathrooms and a private balcony. The home has soaring 10’ ceilings with distinct living, dining, and kitchen quarters. The kitchen has quartz countertops and an island with seating as well as elegant grey tone cabinetry. The rest of the living area has a loft-like feel with balcony access and custom bookshelves which lead you into a separate home office, access through custom French doors.

Bedroom : 1

Bathroom: 1

Tribeca

WHERE: 181 Hudson Street 4BC

COST: $5,850,000

WHEN: Sunday, April 17TH 1:30PM-2:30PM By appointment only

Description: This 2,919 sq ft Tribeca loft has the finest materials and finishes. It has soaring 11ft beamed ceilings, 10 oversized windows, and hand-oiled double-layer red oak hardwood floors. The condo also boasts 3 bedrooms and 3 bathrooms as well as a separate media room and library.

Bedroom : 3

Bathroom: 3