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Off The MRKT - Where New York's, Real Estate, Life Style, and Culture Converge
Live in South Philly and commute with ease. Learn how the Broad Street Line, I-76/I-95, Navy Yard shuttles, bike lanes, and walkable blocks make South Philadelphia one of the city’s most convenient places to live.
Read MoreExplore Off The MRKT's Favorite Listings of the Week, where we feature the most remarkable homes on the market, showcasing unique designs, luxury amenities, and standout locations that make them our top picks
Read MoreFrom bocce courts to pergolas and fire pits, New York rooftops are evolving into lifestyle sanctuaries designed for both relaxation and entertaining this fall.
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In a competitive real estate market where property values are soaring, how do you make your space stand out? Tenants are looking for features that justify premium rents and enhance their experience. Smart bathrooms transform ordinary commercial properties into luxurious ones, making these features a worthwhile real estate investment.
The benefits of automatic faucets in commercial buildings include measurable water conservation and reduced maintenance expenses. Motion-activated faucets eliminate water waste from forgotten taps, and occupancy sensors optimize lighting usage. These systems typically generate savings that offset installation costs within two years.
Modern touchless technology also minimizes facility maintenance requirements. Fewer mechanical components mean fewer repairs, and antimicrobial surfaces reduce cleaning frequency. Building managers report 30 percent lower maintenance costs in smart bathroom installations compared to traditional fixtures.
Smart bathrooms in luxury commercial real estate increase tenant satisfaction. High-quality businesses expect sophisticated amenities that reflect their brand standards. These facilities signal attention to detail and modern thinking that appeals to premium tenants.
Prospective tenants notice touchless fixtures, automated climate control, and ambient lighting during property tours. These features create positive first impressions that influence leasing decisions. Current tenants appreciate the convenience and hygiene benefits, leading to higher renewal rates and positive referrals.
Installing smart bathrooms is an investment that pays off. Properties with smart features often see higher valuations and can charge premium rents, standing out in competitive markets. In fact, buildings with automatic amenities typically command 10 to 15 percent more in rent than those without.
For buyers, the benefits are clear: these upgrades attract high-quality tenants and lower operational costs, and they lead to stronger returns on investment. Plus, properties with these fixtures can qualify for sustainability certifications such as LEED, thanks to their water and energy efficiency. This adds extra value and appeals to eco-conscious tenants and investors alike.
Smart bathroom technology keeps getting better, with new features and improved efficiency. The great thing is, current setups are designed to make future upgrades simple, without major changes to the infrastructure. If a building already has smart systems, it’s easy to add new features as technology evolves.
Market trends indicate growing tenant expectations for touchless technology and automated building systems. Properties without these amenities risk obsolescence as competitors upgrade their offerings. Early adoption positions buildings advantageously for long-term competitiveness.
Boosting your commercial real estate business requires strategic investments that enhance property value and tenant satisfaction. When it comes to bathroom projects, success depends on careful planning and professional installation. Working with experienced contractors who understand commercial-grade systems and building integration is key. This ensures optimal performance and protects warranties, helping you maximize your property’s value.
To keep costs down and avoid bothering tenants, consider rolling out changes in phases. You could start with busy spots or during planned renovations to get the most bang for your buck. A common place to start is with lobbies and common areas. Then, you can move on to individual tenant spaces later.
Smart bathrooms represent a proven upgrade that delivers measurable returns through reduced costs, increased rents, and improved competitiveness. Building owners who embrace this technology position their properties for long-term success in an increasingly competitive market.
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Rental living has entered a new stratosphere, as penthouses once reserved for condo buyers are now being reimagined as the crown jewels of luxury rental towers.
Read MoreTop-producing agents to lead sales at 72 Carlyle as part of powerhouse Eklund | Gomes Team’s new development arm.
Read MoreExplore Off The MRKT's Favorite Listings of the Week, where we feature the most remarkable homes on the market, showcasing unique designs, luxury amenities, and standout locations that make them our top picks
Read MoreAt the crossroads of some of Manhattan’s most iconic neighborhoods, a new boutique condominium is rewriting what it means to live in the Village.
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Apartment living, specifically New York apartment living, played a central role in the much-loved TV show Friends, providing a backdrop for the lives of our best-loved twenty-somethings, and preparing an entire generation for predominantly apartment-based lifestyles.
Now, with as many as two in ten Americans in hotspots like New York enjoying apartment life, it’s fair to say that, even thirty years later, it doesn’t get better than this for seeing first-hand what apartment life actually entails. Here, we consider the best lessons that Friends had to offer, and how you can turn those same insights towards your hunt for an apartment moving forward.
Lesson 1: Always choose your neighbors wisely
As well as being a much-loved (in the end) character, Mr. Heckles from Friends wasn’t exactly what you would call a decent neighbor. In fact, his banging on the ceiling at even the smallest noises was so ridiculous that it became a running joke. In reality, however, a neighbor like this could make your living situation incredibly difficult. As such, the first lesson that you’re going to need to apply to your apartment hunt is that you should always seek properties with decent neighbors. Obviously, you can't knock on the doors of everyone in a building before buying! However, you can take certain precautions, such as buying in celeb-heavy complexes where you know your neighbors will keep to themselves, or simply taking note of the condition of your neighbor’s properties, how friendly people seem, and whether you notice any noise disruption or other issues during a viewing.
Lesson 2: If you love pets, factor for them in your search
From Marcel through to Chicken and Duck, pets were as much a part of Friends as the friends themselves, and that leads us to our next crucial lesson – if you want pets, factor for them in your apartment search. The simple fact is that not all apartment complexes allow animals, and you won’t want to compromise your property by breaking those rules. Other options, like these cat friendly apartments, will allow certain animals for an agreed fee. In other cases, you may find that apartments are entirely open to animals of all shapes and sizes. Just do your research, and make sure that there’s room for your four (or two…) legged friends before making an offer.
Lesson 3: Choose locations near to friends...or not
Ultimately, Friends is a lesson in friendship, and the importance of being close to the people we love. Buying in a city filled with your nearest and dearest is certainly a great way to ensure that you’re able to put roots down in. Be warned, however, that living across the hall from your closest friends (or even across the street, as Ross found out the hard way…) doesn’t always buy you the privacy, and happy living arrangements, that you need to settle into the perfect apartment.
Apartment living can be great, but it can also get complicated. Get past that by learning from your Friends, and avoiding these pitfalls at the viewing stages!
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In a neighborhood defined by charm and exclusivity, one West Village townhouse is rewriting the script on scale and sophistication.
Read MoreArchitecturally striking new development by New Empire Corp. continues to set benchmarks in Queens’ rapidly rising luxury market
Read MoreStep inside a stunning SoHo loft featured on Open House TV that redefines open-concept living with soaring ceilings, sun-drenched interiors, and modern design details in one of Manhattan’s most coveted neighborhoods.
Read MoreWhen paying off a home loan, the timing of your repayments can have a surprising impact on how much interest you end up paying over the life of the loan. Many borrowers simply accept the default monthly repayment structure, but switching to fortnightly payments can sometimes reduce the term of the loan and save thousands in interest.
The question is, which option works best for your circumstances?
Mortgage repayments are usually calculated on a monthly basis. However, lenders often allow borrowers to make fortnightly or even weekly payments. While it may seem like a small adjustment, repayment frequency changes how often money is applied to your loan, which can affect the total interest charged.
Monthly repayments: 12 payments in a year.
Fortnightly repayments: 26 payments in a year, roughly the equivalent of 13 monthly repayments.
That extra month of payments each year is where potential savings come into play.
Making repayments every two weeks can help borrowers shave years off their loan term. Here’s why:
Extra repayments: By paying half your monthly amount every fortnight, you effectively make the equivalent of 13 monthly payments in a year, not 12.
Interest savings: Interest is calculated daily, so reducing the balance more frequently means less interest accrues.
Shorter loan term: Even without consciously paying extra, the structure of fortnightly repayments reduces the time it takes to clear your mortgage.
For borrowers who can manage the slightly tighter cashflow cycle, the benefits can be substantial.
Not everyone finds fortnightly repayments convenient. For many, monthly repayments line up more easily with salary payments or personal budgeting. It also provides a sense of predictability, with just one repayment to plan for each month.
While monthly payments may not generate the same interest savings as fortnightly, they still provide consistency and less administrative hassle for households that prefer simple money management.
Choosing between fortnightly and monthly isn’t just about the math. It comes down to how you manage your household finances.
If your income arrives fortnightly, aligning mortgage repayments with your pay cycle may make sense.
If your income is monthly or irregular, sticking with monthly repayments may feel smoother.
Some borrowers like the discipline of fortnightly payments—it forces regular contributions and prevents overspending.
Ultimately, the best option is the one that supports both your financial goals and your lifestyle.
Some borrowers prefer to stick with monthly payments but make additional contributions whenever possible. This can be just as effective as fortnightly payments, provided you’re disciplined. Whether you direct lump sums from bonuses, tax returns, or savings into your mortgage, the result is the same—lower principal, less interest, and a shorter loan term.
The key is ensuring your loan allows extra repayments without penalty, something worth checking with your lender upfront.
For those unsure which repayment structure suits their circumstances, it’s worth having a conversation with a mortgage broker Sydney based. Brokers can model repayment scenarios across different lenders, showing how fortnightly versus monthly plays out in real numbers. They can also factor in loan features like offset accounts or redraw facilities that may further reduce interest costs.
There’s no single right answer when it comes to repayment frequency. Fortnightly payments can deliver meaningful savings over time, but they also require a cashflow rhythm that not every household can maintain comfortably. Monthly payments, while less aggressive in cutting down interest, still offer reliability and simplicity.
The most important step is to actively consider your options rather than defaulting to whatever your lender sets. Whether you choose fortnightly or monthly, structuring your repayments with a clear plan helps ensure your home loan works for you—and not the other way around.
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Explore Off The MRKT's Favorite Listings of the Week, where we feature the most remarkable homes on the market, showcasing unique designs, luxury amenities, and standout locations that make them our top picks
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Images Courtesy of NoTriangle Studio
The Bogard New York Team, one of the top luxury real estate teams at SERHANT., today announced sales of The Orson, a boutique new development located at 402 Union Avenue in Williamsburg, Brooklyn. The property was developed by Ranco Capital with KAO-HWA-LEE serving as architect and interiors by Makers Collective.
Nestled on a corner lot, The Orson comprises six units including one two-bedroom duplex, three three -bedroom floor-through units, and two three-bedroom penthouses. Most units boast coveted corner frontage accentuated by oversized windows framed with custom 32-inch-high wainscotting. Intentionally designed with heritage finishes to create timeless residences, there are herringbone floors of oak wood, wainscotting, high base-boards, and double panel and steeped door frames with brass hardware. Kitchens feature walnut shaker cabinetry and Calcutta Vagle Rosatto polished marble countertops and an appliance suite from Bertazzoni and Fisher & Paykel; the bathrooms have oak cabinetry and Nordic Grey, Honed Marble.
“We take a very thoughtful approach to our developments to ensure we craft warm homes with an enduring design,” said Avrumy Gluck of Ranco Capital. “With The Orson, we wanted a building that delivers unparalleled beauty and uncompromising quality – every material, finish, and detail was carefully curated to bring a timelessness not just to the residences, but to its future residents.”
Residences of The Orson are entered via keyed elevator access. Amenities include a secure package room and a furnished rooftop deck with lush planters, an inviting pergola, Ipe wood sunbathing area, outdoor kitchenette with grilling station, and breathtaking Manhattan skyline views.
“The Orson is an elegant building that brings a modern yet cozy feel to each of its units, offering a private sanctuary in the heart of a neighborhood known for its energy and culture” said Mallory Bogard, licensed associate real estate broker and co-founder of The Bogard New York Team at SERHANT. “With median sales prices in Williamsburg up nearly 4% year-over-year, The Orson provides a unique opportunity to own a spacious, quality home in an in-demand market.”
Sales of The Orson are being led by Brandon and Mallory Bogard.
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