5 Neighborhood Amenities That Improve Property Values

Although it might not always feel like it, choosing a place to live in New York City involves more than the price of rent. Whether you're looking to purchase a home or snag the perfect apartment, you want to find a location that offers convenient access to all your favorite aspects of living in a metropolitan area. This could mean a place to walk your dog, proximity to your office or a thriving nearby arts scene.

Property values in NYC are closely related to the amenities different apartments and homes provide. That's why you can expect to pay more for an in-unit washer/dryer. However, neighborhoods have benefits of their own, and these features can drive the personal and financial value of a property more than you might think. Here are five neighborhood amenities that boost property values in NYC.

amenitities property value

1. Grocery and Retail Stores

Shopping is a part of day-to-day life, but it shouldn't take up your whole day — especially if you just need a few ingredients for dinner. In busy New York City, proximity to grocery stores and retail shops plays a large role in determining property value. Ideally, you should look for an apartment or home within walking distance of a grocer and several other shopping locations.

Although you may struggle to find a neighborhood that includes all your favorite retail spots, try to locate one with the essentials. The ability to pop in for a few items on your way home from work will save you time and make your property more appealing to any future buyers. 

2. Public Transportation

A walkable neighborhood can offer convenient access to many of the places you visit regularly. However, you will still need to take public transportation to get to other parts of the city. In general, the closer you are to a subway line, the more expensive a property will be.

Indeed, property in New York City neighborhoods tends to significantly increase in value after new lines open nearby or existing ones are improved. The Upper East Side of Manhattan has risen in value by 6% since the Second Avenue subway opened in 2017, and the Williamsburg neighborhood in Brooklyn has also seen success thanks to its subway line.

3. Gyms and Fitness Centers

If you are hoping to move into a location that will increase in value over time, look for neighborhoods with gyms, yoga studios or recreation centers. You might even want to peek inside to gauge how much of an impact the gym might have on buyers. 

Nice gyms with new equipment are popular with fitness enthusiasts, and recreation centers with pools, tennis courts and other amenities may appeal to families.

4. Restaurants and Coffee Shops

If you're more of a foodie, you may want to look for property in a neighborhood with plenty of dining options. Nearby restaurants and bars could boost local property value, especially if they're trendy. Just make sure to consider how any late-night noise might impact that value and your quality of life.

Coffee shops also dramatically influence property values in New York and across the country. A coffee shop within walking distance provides a convenient place to work and meet with friends, and it can also lead to a 4.5% increase in nearby home values. Starbucks influences surrounding property values the most. It looks like people really do love their coffee.

5. Public Parks

In New York City, a public park allows neighborhood residents to connect with nature and take a step back from their fast-paced lives. Whether you're looking to go for a jog or walk your dog, a park increases property value in a neighborhood. About half of homebuyers are willing to pay 10% more for a home near a park. 

You don't have to own property next to Central Park to benefit, either. There are great parks all over the city. Staten Island, for example, boasts more than 10,000 acres of green space.

What Amenities Matter Most to You?

All these neighborhood amenities can improve your property's value and your quality of life. However, you might also choose a place to live based on other factors, such as an apartment's proximity to your workplace or the neighborhood's overall sense of community.

Each borough and neighborhood in New York City has its unique charms. Do your research and remember that the amenities in an area contribute to the price of rent. Regardless of property value, choose a location that will allow you to truly enjoy what the city has to offer.

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

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

150 East 78th Street Launches Teaser Website

150 East 78th Street has officially launched its teaser site. The new ground-up 15-story luxury condominium building on the Upper East Side will offer upscale residences with gracious layouts and an extensive amenity collection for wellness and leisure. Sales are slated to launch this spring. 

credit Hayes Davidson

credit Hayes Davidson

Designed by the award-winning Robert A.M Stern Architects (RAMSA), 150 East 78th Street features distinctive handset Indiana limestone, patterned brick and ornamental metal detailing, all of which draws inspiration from the nearby historic and landmarked buildings reflecting the tradition of the Upper East Side. RAMSA distinguishes the building from other buildings in its portfolio with deep, rich green metalwork, arched windows and a stunning crown that includes a rooftop terrace framed by archways of brick and limestone. Catch a glimpse of the green metalwork in the below exterior rendering!

150 East 78th Street will feature interiors by AD100 and world renowned New York-based designer Robert Couturier. By the way, it is Couturier's first fully-commissioned residential building! Drawing from his private home commissions for high-profile clients such as socialite Anne Hearst and the Rothschild family, Couturier brings refinement to each private residence, and every public space, including the building's material-rich hexagonal shaped lobby. Each residence will feature inswing casement windows, oak wood flooring and a kitchen collaboration by Couturier and custom cabinet designer Christopher Peacock.

150 East 78th Street will offer 25 three to five-bedroom unique residences, with select opportunities for buyers to purchase adjunct apartments. The project is being co-developed by Midwood Investment & Development and EJS Group and Alexa Lambert of Compass Development will be the exclusive sales and marketing agent for 150 East 78th Street.

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

The Rowan, Astoria’s Newest Luxury Condominium, Launches Sales, Opens First-of-its-Kind Sales Gallery

Queens-based developer RockFarmer Properties is pleased to announce that sales have commenced at The Rowan, Astoria’s most luxurious new ground up condominium.  In addition, The Rowan’s first-of-its-kind sales gallery is now open to the public for tours following the sell-out of the building’s first set of homes released for presales.  Since launching its teaser site, more than 1,500 buyers have expressed interest in purchasing at The Rowan as buyers continue to look outside of Manhattan for well-appointed value.

The Rowan’s stunning sales gallery, located at nearby 29-21 21st Avenue, is a first of its kind for the well-established neighborhood just 15 minutes from Midtown Manhattan.  Buyers will have the opportunity to preview a 3D model of the building and use an interactive sales tool to select their residence.  Visitors can also view a built-out kitchen, living room and bathrooms; preview finishes; and see the building’s dramatic oversized windows first-hand.

Redundant Pixel

Redundant Pixel

RockFarmer knew from the start that it wanted to create the next generation of new development in Astoria.  The quality of design and construction, unique luxury amenities and location make it an incredible value when compared to Manhattan, LIC and parts of prime Brooklyn,” said Stephen Kliegerman, President of Halstead Development Marketing.  “There are only a few projects on the market today that have seen such a strong response ahead of a sales launch, a feat unto itself.  In fact, demand was so high that we needed to move up our pre-sales timeline to accommodate interested buyers.”

Designed by New York City-based DXA Studio, The Rowan features a terraced massing of light gray brick masonry resting above a 210-foot-long glass retail base.  Located one block from the N train at 21-21 31st Street in the burgeoning Ditmars section of Astoria, Queens, the landscape-focused condominium will boast a dramatic wood and glass enclosed lobby that opens onto a lush private sensory garden—a welcoming respite from residents’ daily lives.  Utilizing the site’s incredible light and air, The Rowan has been designed as a modern, amenity-rich condominium development where natural light, organic materials and native plantings intertwine to create a peaceful urban oasis. 

When complete in late 2020, the six-story luxury condominium will comprise 46 studio, one-, two- and three-bedroom residences ranging in size from approximately 425 to 1,857 square feet.  Asking prices for the carefully crafted one- to three-bedroom homes now available range from $695,000 to $2,495,000, offering an attractive option for buyers looking to move to one of New York City’s most established and diverse neighborhoods.

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

You Have To See this 16 Room Greenwich Home For Under $20 Million

For those of you looking to expand outside of the city, a stunning new listing from Halstead: 135 Field Point Circle in Greenwich, CT on sale for $19,990,000.

Related: The Top Reasons to Make the Change to Greenwich

The 9,856 square foot home sits on 2.48 acres of land. It is located in the prestigious Field Point Circle Association, which provides a 24-7 guard attended gate house, and a level of privacy that is difficult to attain. It is close in proximity to the water with Long Island Sound views from many rooms. Completed in 2017 by an award-winning design-build firm, this custom home has the scale and proportions to match its surroundings.

135 Field Point Circle in Greenwich, CT Off The MRKT

Related: These Connecticut Vineyards You Have To See

The first floor strikes a balance between formal entertaining areas, and casual family rooms, with multiple paved porches at the rear, overlooking the over-sized, landscaped rear gardens and pool. The second floor includes a generous master suite with large walk in closet, plus 4 further family rooms, all en-suite. The third floor contains an office / homework space leading to the roof deck and panoramic water views. The lower level includes a large custom bar, and entertaining area with golf simulator, gym area, and guest or staff suite. Parking for 4 cars with discreet entrances on either side of the home. Truly a rare and unique property.

Related: 5 Reasons to Move to Connecticut

The lower level includes a large custom bar, and entertaining area with golf simulator, gym area, and guest or staff suite. Parking for 4 cars with discreet entrances on either side of the home. Truly a rare and unique property.

Related: Where To Eat Next Time Your In Greenwich

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

Our Favorite Listing: The Most Expensive Home on the Market in Dumbo

Our favorite listing this week is 168 Plymouth, one of the last loft conversions in New York City. Earlier this month, the storied gem of a project in Dumbo, designed and developed by Alloy (the team behind One John in Dumbo), topped out and Alloy listed Penthouse A, which once listed will be the most expensive home on the market in Dumbo.

A full floor with direct elevator entry, Penthouse A will be listed for $6,850,000 and is a 3,062 square foot home that features 4 bedrooms, a study, 3.5 baths, and over 1,565 square feet of outdoor space spread across 3 distinct outdoor spaces (terrace, courtyard, and roof deck). The penthouse sits on top of one of the two historic buildings that compromise 168 Plymouth originally built by Masury & Sons Paintworks in 1891 and 1921 to house their manufacturing and distribution facilities.

168 Plymouth Dumbo Real estate Off The MRKT

“Penthouse A sits above the Concrete Daylight Factory structure which was originally built by Masury & Sons Paintworks in 1921. The design features oversized windows, restored columns with 12’ plus ceilings and wide white oak flooring throughout. Alloy’s considered design features a mix of modern materials and warm finishes that meld timeless craft with modern technology. One of a kind glass windows on the first floor of Penthouse A open onto a large terrace perfect for taking in the surrounding views, not to mention the rooftop terrace on the second floor of Penthouse A which provides stellar views of the East River and the Manhattan Bridge." Jared Della Valle, CEO and Founder of Alloy Development

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

Related Stories

 

 

Explore NYC through these Desserts

Briana Gonzalez

With a wide array of dessert shops and patisseries in New York City, often you can be tempted by cookies, cupcakes, and chocolate treats. Maybe this time you want to try something new or go for classic comfort- it’s never a bad time to treat yourself and others to something truly indulgent. This month try any one of these desserts sure to induce a sugar rush.

The Exploding Chocolate Bomb

Quite literally dropped from a foot above your table, this chocolate bomb can be found at De Mole in Williamsburg, Brooklyn. Bringing a new spin on classic Latin American/Mexican dishes, Chef Jose Luis Flores, with over 25 years of experience under his belt, specializes in Mole Poblano- a staple dish in Mexico. The Chocolate Bomb is made with Venezuelan chocolate, and filled with homemade ice cream and a collection of sweets like chocolate cookie crumbs, cinnamon-vanilla cookies, coconut custard, fresh mixed berries and edible flowers. The large chocolate sphere is hand painted with edible gold paint.

The Tarte Framboise

Have a sweet tooth? Take yourself to Sweet Rehab, a French Patisserie that creates desserts right in front of its customers. The menu is seasonal and includes both vegan and gluten free options. Using sustainably grown ingredients, enjoy the tarte framboise, topped with raspberries, among many of their fresh desserts.

The Matcha Lava

Try a dessert that hits the spot at The Spot Dessert Bar, currently serving seasonal desserts by iron chef Ian Kittichai. The Matcha Lava is a warm dark chocolate cake filled with matcha ganache, served with matcha green tea ice cream.

S'mores at Parker & Quinn

image credit: Jenna Murray/IGC Hospitality

image credit: Jenna Murray/IGC Hospitality

This s’more is the perfect size for two, made with marshmallow, graham crackers, nutella gelato, and chocolate. Located by Bryant Park in the heart of the Garment District, enjoy a selection of rich desserts after enjoying signature meals that change with the season.

The Big Banana

(Image credit: Jenna Murray/IGC Hospitality)

(Image credit: Jenna Murray/IGC Hospitality)

You can find this big banana at Trademark Taste + Grind, a space that has aimed to pay ‘homage to the strong, independent women ruling NYC.’  The big banana offers a twist on banana pudding and includes marshmallow fluff and brown butter wafers. Also try other desserts like tiramisu pie and brûlée cheesecake.

The Chocolate Chip Cookie Skillet

(image credit: Ryan Gleason)

(image credit: Ryan Gleason)

Make a reservation at Boulton & Watt, a rustic eatery where you can enjoy brunch, late night dinner, and signature drinks. On the menu you can find the chocolate chip cookie skillet, a warm and home-y dessert served with a glass of milk. Located on the lower east side, this cookie is baked classically to perfectly satisfy that sweet tooth craving.

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

Yabu Pushelberg and GID Development Group Celebrate Design at Waterline Square

On Thursday, February 13th, nearly 50 guests gathered in the residents' lounge of Two Waterline Square to celebrate its striking design by highly-celebrated hospitality design firm Yabu Pushelberg.

Vincent Pedone, Marco DiMuzio, Christine Linsley, James Linsley, Kelly Sullivan, Garrett Gourlay, Michael Gubbins. Pursuit (@agencyinpursuit)

Vincent Pedone, Marco DiMuzio, Christine Linsley, James Linsley, Kelly Sullivan, Garrett Gourlay, Michael Gubbins. Pursuit (@agencyinpursuit)

James Linsley, President of GID Development Group, and Glenn Pushelberg, Principal of Yabu Pushelberg, engaged in a lively Q&A discussion moderated by Corcoran's Jodi Stasse. Pushelberg spoke about design choices in the lounge, sharing insight into the firm's inspiration behind Two Waterline Square's residences and shared amenity spaces. 

Following the Q&A, guests enjoyed dessert, champagne and signature mimosas catered by Cipriani, which will be opening its first-ever large-scale food market and full-service restaurant inside Two Waterline Square later this year. 

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

Luann de Lesseps Attends Slate 20th Anniversary

Last night Slate, which has been a staple on W. 21st Street in Chelsea since 2000, celebrated its 20th anniversary on 2/20/20 with a blowout bash.

Luann de Lesseps Photo Credit - Andrew Werner

Luann de Lesseps Photo Credit - Andrew Werner

Special guests including Real Housewives of New York star Luann de Lesseps, Real Housewives of New Jersey star Teresa Giudice, Jersey Shore star Vinny Guadagnino, Bravo’s Summer House stars Lindsay Hubbard and Luke Gulbranson, former Ms. Venezuela International Luisa Diaz and Mets great John Franco joined The Lure Group CEO and Slate’s owner Aristotle Hatzigeorgiou to toast the momentous occasion.

VIPs were treated to creative cocktails crafted by Liquid Lab NYC and an over the top spread of Slate signature dishes from Executive Chef Darryl Harmon, who also celebrated his birthday that evening.  Contortionists, Fire Eaters, Stilt Walkers, Electro-Robots and Drag Queens performed to the delight of the crowd and DJ Chuckie took to the stage to cap off the night with an epic set, which went till 2 in the morning.

Slate is a massive 16,000 square foot adult playground, which boasts three bowling lanes, private event spaces on multiple levels, a private karaoke room, a BYOB (Be Your Own Bartender) pouring station with 20 adult beverages on tap and a 20-foot slide to get partygoers from the top floor to the ground below without having to lift a foot.  That's in addition to having an arcade, ping pong and pool tables, Skee-Ball, pinball and an 8-player foosball table. Slate also has 100 HD-TV’s in addition to multiple video walls accompanied by a Funktion 1 sound system. 

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

Fifteen Hudson Yards Reveals The Skytop

Hudson Yards has announced the opening of Skytop, the latest amenity offering at Fifteen Hudson Yards. Designed by Diller Scofidio + Renfro with interiors by Rockwell Group, Skytop is the highest outdoor residential amenity space in New York City standing at more than 900 feet in the air.

This one-of-a-kind indoor-outdoor space, at just over 6,000 square feet, was built to accentuate the cloverleaf-shaped curves of the building’s crown. Skytop offers an indoor private dining room that seats up to 18 guests, along with a full catering kitchen, bar and lounge with floor-to-ceiling windows as well as a separate lounge. Outdoor features include an open-air terrace wrapped in an approximately 60-foot-tall glass screen wall featuring 14-foot-tall multi-stemmed white oak trees housed in custom 3D carved wooden planters.

15 Hudson Yards_Skytop_Private Dining Room_Image Courtesy of Scott Frances for Related-Oxford.jpg

“Skytop is the moment where Fifteen Hudson Yards morphs into its deepest and most dramatic inflection point, so our intent was to take advantage of the tower’s energy and celebrate its extraordinary views. The amenities are conceived of as fluid spaces that open up to the rooftop, creating the feeling of an extension of a penthouse with a vast window onto the city,” said David Rockwell, Founder and President, Rockwell Group.

Fifteen Hudson Yards offers a collection of 285 one- to four-bedroom condominium residences. Related Sales and Corcoran Sunshine Marketing Group are the exclusive sales and marketing agents for Fifteen Hudson Yards. You can find more information at LiveHudsonYards.com.

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

5 Keto Desserts You Have To Try From Explorado Market

One of my favorite parts about grocery shopping is creating new dishes and quite honestly the desserts section. Since going on keto, this has limited the foods such as fruits and desserts. Following a keto lifestyle sometimes takes away the magic that comes along with filling up my cart with fruits. The controversy over including fruits in the keto diet is a big one and one you have to tackle from every angle.

Having too many sweets like dessert or even fruit, can take you out of ketosis and inhibit fat burning. Fortunately, I discovered Explorado Market a keto bakery and grocery store online, with some of the best keto desserts I’ve ever tried. Best part is you can eat without worrying of breaking keto.

Chocolate Chip Soft Batch Cookies

5 Keto Dessets Chocolate Chip Cookies Off The MRKT

individually wrapped cookies. (1 serving per cookie) (220 cal per serving: 18g Fat, 6g Protein, 3g net Carbs)   These incredible soft batch cookies are perfect for those on the keto diet. Tested time and time again and found there's no impact to blood sugar (everyone is different, results vary).

Keto Chocolate Chips

Keto desserts Chocolate Chips Off The MRKT

Speaking of chocolate chip with only 1 net carb per serving, these Keto chocolate chips are sure to be your new favorite treat. Melts like a dream! Perfect to go with yogurt or your favorite baked good.

Dairy-Free Vanilla Frosting

top keto dessert off the mrkt

Perfect addition to all your Keto treatness... With 0 grams of net carbs, this frosting blend is perfect for diabetics and those on the Keto diet. You get 10 servings per tub of this delicious frosting.

Premium Chocolate Keto Nut Butter 

chocolate keto butter top desserts off the mrkt

Get rid of those terrible sugar-filled energy packets (too much sugar and it’s not sustainable energy) – get the right energy your body craves with Fat Fit Go. This 10 pack offers a discounted price over buying singles.  These 1oz chocolate nut butter Fat Fit Go packets are the perfect travel companion. Our pro-tip keep them in the fridge for a nice thick consistency.

Cranberry Orange Soft Batch Cookies

Cranberry Orange Soft Batch Cookies (8 Pack) - Keto _ Low Carb _ GF.jpg

Like the chocolate chip cookies, these are perfect for those on the keto diet. Perfect as a snack or dessert, these cookies go great with either nut butter.

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