Discovering the Essential Elements of Hamptons Style Homes

A Hampton-style house offers a perfect blend of relaxation, glamour, and modern elegance. Hamptons style furniture combines classic design with sophisticated elements, originally hailing from America but seamlessly integrated into Australian homes. This style has gained immense popularity due to its refined balance between comfort and sophistication. If you're considering styling your home or building a house with the Hamptons look, there are key elements to remember to achieve this timeless aesthetic.

If you're considering styling your home or building a house with the Hamptons look, partnering with an Australian door handle supplier can help you find the perfect fixtures to complement this timeless aesthetic. Remember, the key is in the details to achieve that effortlessly elegant vibe.

The Popularity of Hamptons Style

The allure of the Hamptons style lies in its ability to evoke a luxurious yet timeless summer-holiday ambiance. This aesthetic embraces indoor-outdoor living, inviting opportunities for entertaining and relaxation with loved ones. Flooded with natural light, crisp white walls, and boasting open spaces, a Hamptons-style house creates an environment that truly feels like home. Moreover, using natural materials such as teak wood, linen, cotton, and cane further enhances the serene atmosphere, allowing you to experience a holiday-like feeling in the comfort of your home.

Tips to Achieve Classic Hamptons Style Interiors

1. The Whites

While whites dominate the essential Hamptons color palette, introducing subtle shades can add a modern twist. Soft or bright blues, neutral grays, and sandy beige tones bring depth and sophistication. For a contemporary touch, consider adding black furniture or accents of gold.

2. Textures

Embrace the outdoors by incorporating natural textures into your interiors. Think wooden and wicker furniture, sisal rugs, linen curtains, cotton cushions, and an array of cream and beige tones. Skillful layering will help you create a harmonious, calm, yet intriguing space.

3. Decoration

Luxurious interior decorations provide the final touches for a Hamptons-inspired home. Keep the overall space and larger furnishings simple and neutral, allowing flexibility in changing decor without heavy investments. Consider rattan accessories for a warm summer feel, or incorporate silver elements for the cooler months.

Elements of a Hamptons Style House

1. Hamptons Style Furniture

To achieve the desired look, your Hamptons house should be filled with furniture that reflects the style perfectly. The key lies in combining luxury, relaxation, and functionality. Opt for a generous sofa adorned with numerous cushions, upholstered armchairs, white furniture, or elements with glass and timeless steel accents.

2. Lighting

Ample natural light is a defining feature of a Hamptons-style house. Large windows and doors and an open floor plan are essential for creating the quintessential Hamptons atmosphere. These design elements bring an airy and bright feel to the space.

3. Colors

The aim is to reflect a light, soft, and breezy ambiance throughout the home. A neutral backdrop with light colors provides an ideal canvas for incorporating typical Hamptons Blue accents, further enhancing the coastal feel.

Choosing the Right Hamptons-Style Furniture

When selecting Hamptons-style furniture, focus on the typical features and find pieces that reflect your style and preferences. Opt for timeless pieces and invest in good quality to enjoy your Hamptons style for years.

  • Sofas, dining chairs, and bedheads should feature curved lines and generous upholstery. Tufted fabrics or studded detailing can serve as elegant accents.

  • Natural and solid wood, such as teak, is ideal for other furnishings. Look for classic features like pedestal legs, cross detailing, and flared or molded edges.

Conclusion

Designing your home with Hamptons-style furniture offers a timeless and inviting aesthetic that seamlessly combines classic design with modern elegance. By focusing on abundant natural light, a light color palette, and carefully selected furnishings, you can create a space that exudes relaxation and sophistication. With the right choices, your home will become a haven of tranquility and refined beauty for years to come.

Ready to explore the world of famous homes and Hampton properties? Look no further than Off The MRKT - your ultimate guide to New York real estate and more. Our website is dedicated to providing you with the latest news, trends, and insights into the world of luxury real estate. Head over to Off The MRKT today and start exploring some of the most iconic homes in the Hamptons and beyond!

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


Courtesy: Rich Caplan

Embrace luxury at 53 Jane Street, a newly renovated Greek Revival townhouse in the heart of West Village, listed at $10.5 million by Joshua Lieberman of Douglas Elliman. Built in 1846 and revamped in 2022, this home offers four bedrooms, four bathrooms, and three outdoor spaces, plus the versatility to convert into a triplex and a separate garden apartment. Inside, you'll find a custom kitchen with high-end appliances and an entire floor dedicated to the primary suite, featuring a limestone soaking tub. The garden level can serve as a dining area or a rental unit, and the property is equipped with a Sonos sound system for an immersive entertainment experience.


This luxurious full-floor penthouse located in the vibrant Hudson Yards at 360 West 36th Street has just hit the market with an asking price of $6.595M. The listing is represented by Ariel Cohen from Douglas Elliman. This stunning residence boasts a generous 3,941-square-foot interior living space and features an expansive 1,285-square-foot planted rooftop oasis, presenting panoramic views of the city. The penthouse offers four bedrooms, 3.5 bathrooms with radiant heat, multiple office spaces, and a vaulted atrium/sunroom with heated floors. Among its notable features are 10 ft ceilings, rich walnut Chevron herringbone wood flooring, a massive living room, and a chef's kitchen equipped with high-end appliances. The ultimate pièce de résistance is the light-drenched top-floor sunroom accessed by a floating staircase, along with a fully restored rooftop featuring multiple sitting areas for the perfect alfresco experience.


Credit: Brown Harris Stevens

Immerse yourself in a world of style at the former Park Avenue co-op of Vogue's ex-Editor-in-Chief, Grace Mirabella, now on the market for $2.195M. This 2,200-square-foot, two-bedroom, three-bathroom home, resplendent with a wood burning fireplace, herringbone hardwood floors, and a wood-paneled library, is the epitome of elegance. Apt. 8G is situated in the prestigious 480 Park Avenue co-op, a masterpiece by famed architect Emery Roth, and comes with the convenience of 24-hour doormen and a concierge, a live-in resident manager, a roof deck, and a fitness center. The listing agents are Martha Kramer from Brown Harris Stevens, co-exclusively with Compass.


Photo Credit: Douglas Elliman

Residence 7CS at 150 Charles Street is a beautifully designed and perfectly appointed 2-bed, 2.5-bathroom condo located in one of the West Village's top buildings. Standout features include a custom fireplace, a kitchen with a hidden wet bar for entertaining, and breathtaking southern views reaching down to the World Trade Center and along the Hudson River. The property, listed for sale on May 11, 2023 for $6,350,000, is a 1,767 square feet condo built in 2013.


Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Submit Your Listings

Ascend to Elegance: Extraordinary Staircases in New York City's Luxury Homes

There's a certain magic in the architectural design of staircases. From the swooping curves of a spiral staircase to the minimalist beauty of a stripped-down industrial design, staircases can serve as the centerpiece of a home, much like a dazzling piece of jewelry complements an elegant outfit. In New York City's luxury real estate market, staircases often steal the show, offering residents not just a means of transit between floors, but an awe-inspiring statement of style and sophistication. Join us as we explore some of the most extraordinary staircases in the city's luxury homes, each a testament to the unique blend of function and aesthetic that elevates interior design to an art form

credit Spotless

Penthouse 34 at 200 East 59th Street - $23,000,000

Downtown, where luxury towers scrape the sky, the crown jewel of 200 East 59th Street stuns with a dramatic outdoor spiral staircase. Connecting the upper terrace to a lower terrace, this standout feature complements the skyscraper's stunning private outdoor space.

Credit: Williams New York

SELENE

An architectural marvel off Park Avenue, SELENE, features a masterfully crafted spiral staircase as the centerpiece of its Garden Mansion. The design excellence extends across 10th and 11th floors, promising a heavenly ascent through the heart of Midtown East.

Credit: Evan Joseph

Penthouse 76 at 53 West 53

53 West 53, Jean Nouvel's iconic tower above the Museum of Modern Art, boasts Penthouse 76 – a duplex residence that stuns with a dramatic interior staircase. Encased in a glossy walnut finish, this architectural masterpiece connects the home's lower level with more private spaces on the 77th floor.

Enjoy these architecturally striking staircases as you explore some of the most exceptional properties on the market today. From industrial chic to timeless elegance, these staircases certainly step up to the plate.


Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Submit Your Listings

Luxury Living: New Developments Offering Spa-Like Bathrooms with Sweeping City Views

When it comes to luxury living, the bathroom is often overlooked. However, several developers are changing this by creating spa-like sanctuaries within residences, offering breathtaking city views. Here are some of the new developments that are redefining luxury living in New York City.

Flatiron House: A Biophilic Design Masterpiece

Flatiron House is a unique development comprising two distinct buildings connected by a shared interior garden. The development, designed by COOKFOX Architects, promotes health, wellbeing, and indoor-outdoor living. Residence #21A boasts a five-fixture windowed primary bathroom with views of the Empire State Building and north and west Manhattan. The bathroom features heated marble floors, a 6’ Kohler bathtub, a glass-enclosed shower, and a water closet by Toto.

Sutton Tower: Luxury in Sutton Place

Sutton Tower, designed by Thomas Juul-Hansen, is the only new development tower in Sutton Place. The residences host stunning bathrooms designed to feel like a luxurious spa, with marble walls and floors, and Italian custom-crafted lacquer vanities. Penthouse 47 offers 360-degree views of the Manhattan skyline, with the Chrysler Building and the Empire State Building visible from the powder room.

11 Hoyt: Best-in-Class Building in Downtown Brooklyn

11 Hoyt is a best-in-class building located at the crossroads of Downtown and brownstone Brooklyn. Penthouse A is a sprawling three-bedroom residence that offers stunning southern and western views. The primary bedroom suite features a windowed five-fixture ensuite marble primary bathroom with a double vanity, two-person stall shower, and a deep soaking tub.

1289 Lexington: Grand Scale Luxury

1289 Lexington is the newest addition to the Zeckendorf portfolio. Residence 19B is an impressive five-bedroom home grand in scale, featuring bathrooms that are worthy of one of the world's great spas, with slab and mosaic stonework in white and a light, natural palette.

378 West End Avenue: Classic and Contemporary

378 West End Avenue is a new condominium on Manhattan’s Upper West Side. Penthouse A is an expansive residence that includes a primary bath with radiant heated marble floors, a freestanding soaking tub, and custom white oak vanity with marble countertops.

130 William: Visionary Design

130 William is designed by visionary architect Sir David Adjaye. Penthouse 65 is a private full-floor residence where bespoke design, extraordinary views, and exceptional craftsmanship come together. The luxurious bathroom features textured Salvatori Italian Bianco Carrara marble with a Grigio Versilia slab wainscot, and a soaking tub carved entirely from a block of marble.


Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Submit Your Listings

The Arabella Tops Out: A Vibrant New Addition to The Belmont Section of The Bronx

The construction of a new nine-story mixed-use tower, The Arabella, has topped out at 4720 Third Avenue, in the Belmont section of The Bronx. The Arabella, designed by Ismael Leyva Architects and developed by Vertical Development and Sioni Group, will include 165 rental apartments situated above two floors of placemaking retail.

The interior of the apartments is designed by Marin Architects, offering an impressive range of amenities. The leasing for these residential units will be managed by REAL New York. OmniBuild Construction has been assigned as the general contractor for the project, while DeSimone Structural Engineers is handling the structural engineering.

Topping out of The Arabella marks a significant milestone in the project's progress, making it a dynamic new addition to the Belmont community, which is known for its long-standing Italian restaurants, cafes, the Arthur Avenue retail corridor, and famous green spaces including the Bronx Zoo and Ciccarone Park.

The Arabella will provide new opportunities for both residential and commercial growth, enabling new legacies to weave into the fabric of the neighborhood. Its distinct facade is a unique feature of the building, which is situated at Third Avenue and E 189th Street, just south of Fordham University, a crucial institution contributing to New York City's ongoing growth and advancement.


Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Submit Your Listings

Embracing Nature: A Look at NYC Buildings Boasting Custom Woodwork

The trend of wood in interior design is no longer confined to floors or rustic log cabins; now, New York City buildings are embracing it to clad their walls and ceilings, introducing warmth and welcoming into common spaces. From lobbies to lounges, the quality of the material adds an elevated, cozy experience that celebrates nature and craftsmanship. Several NYC buildings exemplify this trend.

These examples highlight the recent shift in taste from minimalism to the celebration of nature and craftsmanship. For more insights on why woodwork resonates with today's buyers, developers and brokers can provide expert commentary.

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Submit Your Listings

Shlomi Reuveni Hosts Summer Sunset Social at The Westly

On June 1st, Reuveni Development Marketing's Shlomi Reuveni hosted the Summer Sunset Social at The Westly, a boutique condo development on Manhattan’s Upper West Side. The event unveiled the building’s rooftop pool and welcomed over 100 guests, including notable brokers, to usher in the summer season with cocktails, hors d'oeuvres, and live music.

The Westly, developed by Adam America Real Estate and Northlink Capital, boasts 52 two- to five-bedroom residences. Select homes feature private outdoor terraces, and prices range from $2.725 million for a two-bedroom home to $13.5 million for a five-bedroom penthouse. The property offers immediate occupancy.

The upscale amenities at The Westly include a rare rooftop pool, a 24-hour concierge, a grand lobby, a fitness center, a yoga studio, a lounge, a children's playroom, a gaming room, a music room, a bike room, and a pet grooming station. The location offers easy access to cultural and culinary attractions, as well as prestigious schools and green spaces, providing an upscale lifestyle in one of Manhattan's most cherished neighborhoods.

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Submit Your Listings

The Essential Guide to Luxury Real Estate in New York

New York is widely known for its staggering skyscrapers, bustling city life, and, of course, its famous homes. However, with the city's vibrant culture and endless opportunities, it is no surprise that the cost of living in New York is significantly higher than the national average. 

One key factor contributing to this increased cost of living is the luxury real estate market, which extends far beyond the bounds of Manhattan. In this article, we will explore the reasons behind the high cost of living in New York, the types of luxury real estate found in the city, and some notable examples of opulent properties outside of Manhattan.

Factors Contributing to the High Cost of Living in New York

High Demand for Luxury Real Estate

One of the main reasons for the high cost of living in New York is the sustained demand for luxury real estate. The city's thriving economy, diverse cultural scene, and global status as a financial and fashion capital attract high-net-worth individuals from around the world. 

This demand for luxury properties drives up prices, making it more expensive for average residents to live in the city.

Limited Supply of Land

New York's geography is another factor that contributes to the high cost of living. The city is surrounded by water, which limits the amount of available land for development. 

This scarcity of land drives up the prices of luxury real estate as developers and investors compete for prime locations to build new developments.

High Construction and Development Costs

The construction cost in New York is also higher than the national average. This is due to a combination of factors, including high labor costs, strict building codes, and the need for specialized equipment and materials to build in the city's unique environment. 

These high costs are passed on to buyers, increasing the overall cost of luxury real estate.

Varieties of High-End Properties in New York

New York City boasts a wealth of history, leading to a plethora of old buildings and houses. Property investors might be taken aback to find these aged properties listed as luxury real estate, but many have undergone extensive renovations and restorations. 

These properties are deemed luxurious due to their prime NYC locations and spaciousness compared to newer condos or apartments. Another type of luxury home in the city includes newly built developments, often in high-rise buildings with breathtaking views and state-of-the-art amenities. 

These prestigious residences are conveniently situated and usually feature 24-hour doormen, along with extra amenities such as gyms or swimming pools. However, these properties tend to be smaller, as developers aim to maximize the expensive New York land they have purchased.

In a bustling metropolis such as New York, every bit of space is precious, resulting in intense rivalry for real estate and giving Manhattan its moniker as a "concrete jungle." When new land opens up, investors typically choose to build towering structures rather than parks or green areas in order to boost their earnings. Acquiring or leasing a high-end residence in New York is an extraordinary chance that should be carefully considered.

Luxury Real Estate Outside of Manhattan

1. Brooklyn

Brooklyn is home to several luxury real estate options, ranging from historic brownstones in neighborhoods like Park Slope and Brooklyn Heights, to contemporary condos with waterfront views in Williamsburg and DUMBO. One notable example of a famous home in Brooklyn is the $15.5 million limestone mansion in Park Slope, which features a stunning central staircase, seven bedrooms, and a private roof terrace.

2. Queens

Queens offers a diverse range of luxury real estate, including waterfront properties along the East River, historic mansions in neighborhoods like Forest Hills, and modern condos in Long Island City. An example of a famous home in Queens is the $5.9 million waterfront mansion in Whitestone, which boasts panoramic views of the Throgs Neck Bridge and Long Island Sound.

3. The Bronx

The Bronx is home to several affluent neighborhoods, such as Riverdale and Fieldston, where you can find luxury real estate in the form of stately mansions and modern condos. The historic Alderbrook Mansion in Riverdale is a prime example of a famous home in the Bronx, listed at $5 million and featuring a grand marble staircase, multiple fireplaces, and a private pool.

4. Staten Island

Staten Island offers luxury real estate in the form of grand estates and modern waterfront properties. One famous home in Staten Island is the Vanderbilt Mausoleum, a historic landmark designed by renowned architect Richard Morris Hunt. This majestic structure sits on a 42-acre plot of land, offering privacy and serenity. Other notable luxury neighborhoods in Staten Island include Todt Hill, Emerson Hill, and Lighthouse Hill, where you can find upscale homes with stunning views of the New York City skyline and the Verrazzano-Narrows Bridge.

Conclusion

Several factors drive the high cost of living in New York City. Despite the high prices, New York offers many luxury real estate options. 

While Manhattan is known for its luxury real estate, other boroughs also offer opulent homes with stunning views and amenities. Owning or renting a luxury home in New York is a unique opportunity that allows residents to experience the vibrant culture and endless possibilities that the city has to offer.

Off The MRKT serves as a fantastic tool for those searching for a new residence in the New York City vicinity. We offer a wide range of home and apartment listings, including an extensive collection of celebrity-owned properties and commercial property developments in New York. 

Our listings help prospective buyers gain insight into the variety of homes available in the city. Regardless of your preference for a lavish penthouse or a snug studio apartment, explore our real estate updates today.

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


773 Dune Rd - Westhampton

Perfectly situated overlooking world-class beaches, a brand-new modernist oceanfront property at 773 Dune Rd is now on the market for $6.5M. This architectural marvel offers 5 bedrooms, 4.5 bathrooms, and countless luxurious amenities. As you enter the home, you're met with a grand foyer featuring a soaring 17.5 ft. ceiling and exposed steel structural elements. The first floor boasts an open floor plan, seamlessly blending the living and dining areas with a state-of-the-art chef's kitchen equipped with top-tier Thermador appliances. The living room, adorned with a porcelain-wrapped fireplace, opens onto a back deck, which presents a heated gunite infinity pool with hot tub jets, an outdoor kitchen, beach walkway, and an outdoor shower, all overlooking the majestic Atlantic Ocean. Built with steel core construction and custom European aluminum windows, this home ensures both safety and durability. The property, listed by David Barkstedt of Serhant, is slated for completion in June 2023 and offers a rare combination of timeless beauty and expert craftsmanship.


This luxurious full-floor penthouse located in the vibrant Hudson Yards at 360 West 36th Street has just hit the market with an asking price of $6.595M. The listing is represented by Ariel Cohen from Douglas Elliman. This stunning residence boasts a generous 3,941-square-foot interior living space and features an expansive 1,285-square-foot planted rooftop oasis, presenting panoramic views of the city. The penthouse offers four bedrooms, 3.5 bathrooms with radiant heat, multiple office spaces, and a vaulted atrium/sunroom with heated floors. Among its notable features are 10 ft ceilings, rich walnut Chevron herringbone wood flooring, a massive living room, and a chef's kitchen equipped with high-end appliances. The ultimate pièce de résistance is the light-drenched top-floor sunroom accessed by a floating staircase, along with a fully restored rooftop featuring multiple sitting areas for the perfect alfresco experience.


Photo Credit: Brown Harris Stevens

This historic six-story, 8500 sqft Upper West Side townhouse located at 45 West 70th Street has been recently listed for $15.999M. The property, represented by Anne Prosser from Brown Harris Stevens, is set on a tree-lined block adjacent to Central Park. This impressive townhouse built in 1891 by architect Gilbert Schellenger in the Neo-Renaissance and New-Romanesque style has been fully renovated and fitted with modern amenities. The home features 7 bedrooms, 5 bathrooms, and an elevator that connects all the floors. Standout amenities include a 33-foot long, six-foot deep lap pool, a jacuzzi, and a steam shower located on the excavated lower spa level. This townhouse is complete with smart home wiring, eleven zones of central air-conditioning, radiant heating with forced air backup, three air exchanges, and a front patio snow-melting system, presenting an exquisite living experience in the heart of Manhattan's Upper West Side. The possibility of creating a beautiful rooftop garden further adds to its appeal.


Photo Credit: Compass

A magnificent Manhattan condo designed by renowned architect Richard Meier awaits at 165 Charles Street, Unit 12 in the West Village. Priced at $7,950,000, this exceptional property, listed by Mary Barbrack, Michelle Flikerski, and Julia Hoagland of Julia Hoagland Team at Compass, offers an unparalleled living experience. With 2 bedrooms and 2.5 bathrooms spanning over 2,300 square feet, the residence showcases breathtaking Hudson River views through floor-to-ceiling windows that blur the line between interior and exterior.

The expansive interior features a welcoming gallery, a spacious living room, a dining area with a bar closet, and soaring ceilings over 10 feet tall. A 20-foot covered balcony adds to the allure. Custom finishes, artisanal millwork, ample storage space, and high-end fixtures define the home. The primary bedroom boasts a king-sized bed capacity, an open-concept spa bathroom with a soaking tub and curbless shower, while the second bedroom also features an en-suite bathroom. The prestigious condo building at 165 Charles Street offers white-glove amenities including 24-hour door staff, concierge service, an infinity-edge lap pool, a fitness center, and exclusive restaurant service from Jean-Georges Perry St located next door. Immerse yourself in luxury and style with this extraordinary West Village gem.


Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Submit Your Listings

How to Find a Condo or Co-op with Lower Carrying Costs

New York City is known for its high cost of living, and finding affordable housing can be a daunting task. For those looking to purchase a home in the city, condos and co-ops can be a great option.

However, it’s important to consider the monthly carrying costs associated with these types of properties. In this article, we’ll explore some tips on how to find a condo or co-op with lower carrying costs in New York.

1. Look for Buildings with Fewer Amenities

One of the biggest factors that can drive up carrying costs for condos and co-ops is the number of amenities in the building. While having a gym, pool, and doorman may seem luxurious, these features come at a price. Buildings with fewer amenities will typically have lower monthly maintenance fees or common charges.

2. Consider Older Buildings

While newer buildings may seem more attractive, older buildings can often offer lower carrying costs. This is because older buildings may not have as many amenities or have already paid their underlying mortgage. Additionally, older buildings may have lower property taxes.

3. Look for Co-ops with Lower Flip Taxes

Co-ops often have flip taxes, which are fees paid by sellers when they sell their units. These fees can be a percentage of the sale price or a flat fee. If you’re considering purchasing a co-op, looking for buildings with lower flip taxes is important, as these can add up quickly.

4. Check the Building’s Financials

Before purchasing a condo or co-op, reviewing the building’s financials is important. This includes the budget, reserve fund, and outstanding loans or debts. A building with a healthy financial situation typically has lower carrying costs, as it won’t need to charge as much to cover expenses.

5. Consider a Smaller Unit

While it may be tempting to purchase a larger unit, a smaller unit can often mean lower carrying costs. This is because smaller units typically have lower monthly maintenance fees or common charges. Additionally, smaller units may have lower property taxes.

6. Look for Co-ops with Lower Down Payment Requirements

Co-ops typically require a larger down payment than condos, as the building’s board will need to approve the sale. However, some co-ops may have to lower down payment requirements, which can make purchasing a unit more affordable. It’s important to note that co-ops may also require buyers to have a certain amount of liquid assets or income.

7. Consider a Fixer-Upper

While a move-in-ready unit may seem like the best option, purchasing a fixer-upper can often mean lower carrying costs. This is because the purchase price will typically be lower, and you can improve over time as your budget allows.

Additionally, you may be able to negotiate a lower sale price if the unit needs significant repairs or updates.

8. Look for Buildings with Lower Property Taxes

Property taxes can be a significant expense for condo and co-op owners. When considering a building, it’s important to check the property tax rates. Buildings in certain neighborhoods or boroughs may have lower property tax rates than others.

9. Check for Rent Restrictions

Some co-ops may have rent restrictions, meaning you won’t be able to rent out your unit. While this may not be an issue if you plan to live in the unit long-term, it can limit your options if you need to move or rent out the unit. If you’re considering purchasing a co-op, it’s important to check for any rent restrictions.

10. Work with a Real Estate Agent

Finally, working with a real estate agent can be a great way to find a condo or co-op with lower carrying costs. An experienced agent can guide you through purchasing and help you find properties that fit your budget and lifestyle.

Final Thoughts

Purchasing a condo or co-op in New York City can be a significant investment, but it’s essential to consider the monthly carrying costs. By following these tips, you can find a property that fits your budget and lifestyle while still enjoying all that the city has to offer.

Are you looking for the best guides to real estate and property management tips in New York? Off The MRKT is the perfect website to check out! Explore our articles and sign up for our mailing list to keep yourself updated with every post!

Outdoor Grilling Spaces to Host Your Memorial Day Barbecue

With Memorial Day right around the corner, backyard barbecues are sure to be on your weekend agenda. Instead of traveling this year, invite friends and family to celebrate the holiday at your place in one of these new developments that have incorporated outdoor grilling and recreational spaces to accommodate resident’s desire to entertain at home.

5 Best Places to Make a Home in New York City: A Guide

New York City is a melting pot of cultures and opportunities, making it a popular destination for people from all around the world. With its vibrant energy, endless entertainment options, and booming economy, it's no wonder why so many people want to call the city that never sleeps their home. 

However, with so many neighborhoods to choose from, finding the perfect place to settle down in can be overwhelming. In this guide, we'll take a look at the five best places to make a home in New York City.

1. Upper West Side

The Upper West Side is one of the most desirable neighborhoods in New York City, and for good reason. Located between Central Park and the Hudson River, this area is known for its stunning architecture, tree-lined streets, and family-friendly atmosphere. 

The Upper West Side is home to some of the city's best schools, making it an ideal place for families with children. It's also home to the American Museum of Natural History, Lincoln Center, and some of the city's best restaurants and bars.

2. Brooklyn Heights

Brooklyn Heights is a historic neighborhood located just across the East River from Manhattan. This charming area is known for its beautiful brownstone buildings, tree-lined streets, and stunning views of the Manhattan skyline. 

It's also home to some of the best schools in the city, making it a popular choice for families with children. With its abundance of parks, playgrounds, and outdoor spaces, Brooklyn Heights is a perfect place for those who enjoy an active lifestyle.

3. Astoria

Astoria is a diverse and vibrant neighborhood located in Queens. This area is known for its excellent restaurants, nightlife, and cultural attractions. Astoria is home to a large Greek community, which means you'll find some of the best Greek food in the city here. It's also home to the Museum of the Moving Image, a must-visit for movie buffs.

Astoria is an affordable alternative to more expensive neighborhoods in Manhattan, making it a popular choice for young professionals and families.

4. Harlem

Harlem is a historic neighborhood located in Upper Manhattan. This area is known for its rich cultural heritage, stunning architecture, and vibrant music scene. Harlem is home to some of the city's best jazz clubs, making it a popular destination for music lovers.

 It's also home to the Apollo Theater, which has hosted some of the biggest names in music over the years. Harlem is a great place to live for those who want to be close to the action but still enjoy a more laid-back atmosphere.

5. Battery Park City

Battery Park City is a modern neighborhood located at the southern tip of Manhattan. This area is known for its stunning waterfront views, green spaces, and upscale shopping and dining options.

Battery Park City is a popular choice for families with children, as it's home to some of the best schools in the city.

Conclusion

New York City is a diverse and exciting place to call home. Whether you're looking for a family-friendly neighborhood or a vibrant nightlife scene, there's something for everyone in the city. The Upper West Side, Brooklyn Heights, Astoria, Harlem, and Battery Park City are just a few of the best places to make a home in New York City. With so many options to choose from, you're sure to find the perfect place to call home in the city that never sleeps.

Start your New York City real estate journey with Off The MRKT. We have all the resources for you, from property management tips to renting property in the city. Browse our guides today and gain valuable insights before your big move.