The Corinthian condo brings on new property management

© John W. Cahill/CTBUH

The Corinthian, one of Manhattan’s largest condominium buildings and an icon amongst the skyline, today announces it will introduce an elevated new brand refresh. The initiative is a thoughtfully executed board-led effort to further enhance the building, offering unrivaled services and lifestyle amenities. This will also include efforts focused on important capital improvements and various initiatives to modernize and increase the property’s overall value. 

“The Corinthian is a building like no other in New York City,” said Philip Maltaghati, Board President, The Corinthian. “The sense of community and pride amongst all of the owners makes it a truly special property. Our goal as the Board is to maximize asset value and provide an exceptional lifestyle experience that is uniquely elevated, but still feels like home.”

Additionally, as part of the Board’s vision to deliver a commitment to excellence, The Corinthian has retained AKAM as their management partner following a thorough due diligence search process.  AKAM is the largest organically grown property management company in New York City, with approximately 300 buildings and 45,000 units under management, including many of the top addresses from Park Avenue to Stamford, CT.

“We are honored and excited to be partnering with The Corinthian on this new chapter for the building,” said Michael Rogoff, President, AKAM.  “The opportunity to further enhance the brand and create additional value completely aligns with our values at AKAM.  We look forward to the journey and successfully executing on all Board objectives and expectations.”

Located at 330 East 38th Street, The Corinthian is a striking piece of architecture, occupying an entire city block. The 55-story tower has more than 800 residences, and its distinctive design affords every unit oversized, curved, bay windows that fill the homes with light. The property features an array of all-encompassing lifestyle amenities including a state-of-the-art fitness center, indoor swimming pool, steam room, sauna, and outdoor sun deck with private running track. Residents also enjoy 24-hour doorman and concierge service, onsite package valet, and private balconies in select homes.  On-site parking is also available.  Located in the City’s desirable Murray Hill neighborhood, residents of the Corinthian enjoy tree-lined streets, green spaces, and a bustling shopping and dining scene.

For more information about AKAM and The Corinthian, please visit www.akam.com or call 212-210-1587.

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.

From Lobby to Living Room: NYC Luxury Buildings With Next-Level Elevator Access

Is privacy the ultimate luxury?

For New York City’s most discerning homebuyers, the answer is often yes—especially now, when sharing a crowded elevator with strangers may be even less appealing than before.

The latest crop of new Manhattan residential developments, however, offers unique variations on private elevator entry, allowing buyers to ascend directly to their front door, foyer or living room, oftentimes without crossing paths with anyone else along the way.

212 West 93rd Street

Offering a boutique experience that embraces indoor/outdoor living, 212 West 93rd Street brings just 20 condominium residences—most featuring a generous private terrace—encased in a striking contemporary façade to Manhattan’s Upper West Side. ODA, the award-winning architecture firm known for its mold-breaking, human-centric design, conceived the 14-story building as a vertical collection of 20 individual homes. These residences range from one- to four-bedrooms, including full-floor penthouses, with gracious layouts that express the building’s architecture. As a result, 35% of the building’s homes feature elevators where residents step directly into their living rooms or private foyers, while a handful of residences comprise an entire floor.

(credit: 212 West 93rd Street)

67 Vestry

67 Vestry, the last historic loft conversion on the Tribeca waterfront, is a luxurious boutique building with quite an interesting art world backstory. Originally built in 1896 as the warehouse for The Great Atlantic & Pacific Tea Company, 67 Vestry was converted in the 1970s into artist's lofts used by some of the most iconic artists of the 20th Century. The Romanesque revival landmark is now being restored and converted into 13 loft homes. All of the spacious loft homes at 67 Vestry are either full or half floors and have direct elevator entry, providing privacy and space. Gachot designed all of the homes and public spaces at 67 Vestry.

(credit: VUX)

532 West 20th Street

Designed and developed by Joe McMillan’s DDG, 532 West 20th Street is an intimate collection of only nine full-floor condominium residences in West Chelsea. From the private parking garage, residents have secure, direct elevator entry into their homes, each of which features a private south-facing terrace, a 50-foot-wide great room, a gas fireplace and 10-foot ceilings. The homes emphasize privacy and sanctuary in one of Manhattan's most culturally rich and architecturally significant neighborhoods.

(credit: Robert Granoff)

555 West End Avenue

Nestled in the heart of Manhattan's Upper West Side neighborhood, 555 West End Avenue offers 13 breathtaking, one-of-a-kind residences with unmatched architectural magnificence from the building's origin as a historic Beaux Arts private school. Each home at 555 West End Avenue has a unique layout, including sprawling flats, townhomes with private entrances on West End Avenue, and specialized residences born from quintessential spaces found in a historic private school, such as the penthouse gymnasium and former library. All homes are incredibly spacious, with 12.5- to 20-foot ceilings, original towering windows offering abundant natural light, private elevator landings, gracious entry foyers and voluminous eat-in, chef's kitchens. Select residences feature direct elevator entry, which provides for a seamless, discrete entrance home. Only five homes remain and immediate occupancy is available

(credit Hayes Davidson)

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.

Touchdown this Tailgating Season with our Game Winning Wine Picks

As we head into peak of Autumn, sports fans and gourmands alike are looking towards the fall season which always guarantees two things: football and tailgating. We can count on the American pastime to bring us together virtually or in-person to talk, celebrate, and drink together, and while beer is often thought of as a tailgating go-to, we think that food-and-wallet-friendly wines deserve consideration this time of year. Whether you like an upscale tailgate or a bowl of chips and dip, there’s a wine out there for your game day celebrations

---

La Crema 2019 Sonoma Coast Chardonnay ($23): 

The winemaking team at La Crema has been perfecting Chardonnay for 40 years, and it shows. The 2019 Sonoma Coast Chardonnay is flavorful, bright, and juicy, making it an ideal pairing for a wide variety of cheese-centric Sunday snacks - plus, it’s incredibly easy to find at your local grocery store while you’re out hunting for game day supplies. For a low-key pairing, kick back with a bowl of cheese-its or some warm, gooey queso with chips. If you’re looking to take things up a notch, try dungeness crab mac and cheese or honeycrisp apple pizza with balsamic onions. 

---

Acrobat 2018 Pinot Noir ($19): 

At the heart of this wine is the love of pairing an honest wine with casual meals and gatherings. Acrobat should always be an effortless selection – a wine that consistently pairs in every way with our lives. This Pinot Noir has rich, fruit-forward aromas of bright cherry and raspberries, with hints of cinnamon and baking spices. Notable ripe strawberries and dark chocolate up front, followed by earthy and spicy notes of clove. If you’re keeping up with the latest cooking trends, then crispy smashed potatoes will be the perfect pairing indeed. 

---

ETTORE 2018 ETTORE Red Wine ($50): 

An old-school California red blend, that's briary, jammy and plump, with blackberry and currant flavors highlighted by savory underbrush, licorice and smoke notes, leading to medium-grained tannins. This wine was crafted with finesse and power, just like your favorite team. The ETTORE Red Wine is the best selection to pair with your cheese boards or mouth-watering hamburgers on the grill.  

---

2019 Post & Beam Cabernet Sauvignon, Napa Valley ($50): 

This expressive wine explodes with a perfume of wild raspberry preserves with hints of clove and confectionary spice. Soft red fruit flavors take over the palate, supported by leather and elegant botanical accents on the mid-palate, with lovely notes of toasted espresso beans on the finish. Serve with cowboy steaks, crispy sage potatoes, and sauteed tuscan kale for an elevated tailgate.

---

2016 Aldina Vineyards Cabernet Sauvignon ($74):

2016 Aldina Vineyards harvested in early fall embodies the dark red volcanic soil. Its gorgeous magenta hue has intensifying aromatics of pomegranate, dark cherry, anise and allspice. This Cabernet Sauvignon strikes the palate with silky soft, yet lush flavors of sweet oak spices intertwined with caramel, toasty vanilla, tart cherries, and dark fruits. This wine has a tasty expression of elegance and is ready to be enjoyed!

---

2018 Lolita Vineyard Pinot Noir ($60):

Dark berries and plums resonate on the palate with framing tannins and bright acidity typical of the Forestville region of the Russian River Valley. Pairs well with grilled mushrooms, salmon, lamb, game fowl, and cool nights cuddled up in a blanket by the fire pit. Drink now through 2026.

---

---

Closings Commence at Jolie at 77 Greenwich Street

Trinity Place Holdings Inc. (NYSE American: TPHS), the New York-based real estate holding, investment and asset management company, has announced the commencement of closings at Jolie, a boutique collection of 90 upscale condominium residences, each with show-stopping water views, envisioned by a world-class team of New York-based architects and designers. Located at 77 Greenwich Street in the heart of Manhattan’s Financial District, the elegant tower soars above New York Harbor and Battery Park, and is home to a suite of well-crafted amenities, retail space and a new public elementary school.

Credit: Binyan Studios

“As Lower Manhattan has transformed into New York City's most dynamic neighborhood and place to live and work, we always knew that Jolie’s location at the center of it all, in addition to its standout design and collection of thoughtful amenities, would appeal to professionals and families alike,” said Matthew Messinger, President and CEO of Trinity Place Holdings. “As we open Jolie to its first residents, we're so thrilled this has proven true, and that this beautiful building is contributing to the mix in the most exciting location in Manhattan.”

Designed by FXCollaborative, the celebrated architectural firm behind acclaimed New York City residential developments including The Greenwich Lane and Circa Central Park, as well as the new Statue of Liberty Museum, Jolie is a sculptural tower of reflective glass rising from a cast stone base. Topping out at 500 feet, the 42-story building features a pleated glass curtain wall façade that provides sprawling water views from each of the homes—which begin on the 15th floor located nearly 150 feet above street level—and offers a graceful juxtaposition to the heavy masonry of its historic neighbors.

The building’s warm interiors, emphasizing expert craftsmanship and natural materials, are designed by the renowned Deborah Berke Partners—led by Deborah Berke, Dean of the Yale School of Architecture—representing the firm’s unique vision for Lower Manhattan.

At the entrance to the grand double height lobby, a granite and blackened steel concierge desk anchors the space, while warm, sculptural oak paneling creates a rich and inviting atmosphere. From here, an elevator ascends to the residential floors, which include natural light-filled corridors and residences ranging from one to four bedrooms that combine natural beauty with the comforts of an exceptionally appointed home. With white oak flooring throughout and ceiling heights in excess of 10 feet, the residences boast floor-to-ceiling windows that provide unobstructed water and skyline views from the expanse of pleated crystalline glass.

Credit: Tim Williams Photography

Filled with natural light, each of the custom Deborah Berke Partners-designed Poliform kitchens features state-of-the-art appliances from Miele, Sub-Zero and Wolf, along with honed Blue de Savoie marble countertops and backsplashes. The master bathrooms offer a calming combination of honed warm grey Haisa marble floors, walls and counters, accented with quarter sawn sycamore millwork, and radiant heated floors. Secondary bathrooms are outfitted with honed Venice terrazzo tile floors and quarter sawn oak millwork cabinets, while the powder rooms found in every home include custom-carved and polished Calacatta Lincoln sink bowls and backsplash panels enhanced by sandblasted and brushed Bianco Mist quartzite floors. Designed to exacting LEED standards, the homes at Jolie are both environmentally sustainable and luxurious.

A suite of amenities, expected to be completed in the coming months, designed by Deborah Berke Partners emphasizes entertaining, wellness and play. Headlined by a penthouse-level club known as Cloud Club 77, every resident is afforded a penthouse view via spaces including an art-filled lounge with a fireplace, a private dining room with catering kitchen, a children’s playroom, and a double-height fitness center programmed by The Wright Fit. There is also a multi-purpose game room and training studio with terrace access..

Jolie is in close proximity to Battery Park and Battery Park City, the Hudson River Waterfront, One World Trade Center, major transit hubs and all of the exciting retail, culinary and vibrant nightlife options available in Lower Manhattan, including Brookfield Place and the shops at Westfield. Just across the street from the building is the new Elizabeth H. Berger Park, a 20,000-square-foot park located at the convergence of Greenwich Street, Trinity Place and Edgar Street. The dynamic urban atmosphere is complete with waterfront parks, which offer biking and jogging paths, along with cobblestone streets and a rich architectural history.

SERHANT. is the exclusive sales and marketing agent for Jolie. Pricing for remaining inventory begins at $1.5 million for a one-bedroom residence. For more information, please visit www.jolieongreenwich.com.

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.

Mediterranean Dining Sensation, HaSalon Welcomes Guests In NYC

Annabella Pardo

With much anticipation and excitement, the hit dining sensation HaSalon NYC has re-opened its doors this October, and offers guests avant-garde dishes and a collaborative party atmosphere.

Photo via @hasalonnyc

With an interactive open kitchen offering a visual and culinary feast for the palate and the eyes, the party that every New Yorker wanted to be invited to is back. HaSalon is continuing its traditions of an evolving menu changing nightly filled with surprises and culinary delights.

Photo via @hasalonnyc

“We are so happy to re-open HaSalon NYC with enhanced safety measures and providing a food experience like no other” said Mika Ziv, General Manager of HaSalon NYC. “ With Chef Eyal Shani and our restaurant team, we are ready to welcome back our New York community for a wild dining experience to be enjoyed with great company.”

Photo via @hasalonnyc

Celebrating the riches of the Mediterranean land and sea, HaSalon NYC brings together Chef Eyal Shani’s distinctive culinary creativity and the finest international cuisines. Using pure ingredients of exceptional quality, sourced locally wherever possible, this fun and energetic dining experience reflects the spirit and tastes of both its origins and its return to New York.

Photo via @hasalonnyc

Often described as a founding father of modern Israeli cuisine, Chef Shani was one of the first chefs from Israel to de-construct the essence and spirit of the nation’s food. Self-taught, Chef Shani is now the owner of 29 restaurants worldwide, a Master Chef judge, and global ambassador for Israeli cuisine.

Photo via @hasalonnyc

The restaurant offers two seatings per evening by reservation only. The first seating is tranquil, offering the same exciting menu and interactive experiences but more quiet and low-key. As the evening progresses, the dining room transforms into a high-energy setting – more upbeat, vibrant and alive.

Photo via @hasalonnyc

HaSalon will be open three nights a week, Thursday through Saturday, with two seatings starting at 5:30 pm. Reservations can be made via Resy. For private dining options, please email contact@hasalonnyc.com.

HaSalon is located in Hell’s Kitchen at 735 10th Avenue. 

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.

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

---

500 West 45th Street #311

Located in the heart of Hell’s Kitchen on the west side of Manhattan, Bloom on Forty Fifth is appealing to buyers who want to be close enough to the office buildings of Midtown and Hudson Yards while still living in an authentic residential neighborhood in NYC. With many people being called back to their office to work in person in recent months, Bloom is located in the ideal setting so that its residents will not have to rely on public transportation on a daily basis—it’s only a short 15 minute walk to Bryant Park. The building is also nearby entertainment, only a few blocks from the Theater District and with a lively restaurant scene right outside on 10th Avenue.

Designed by the award-winning Marvel Architects, Bloom on Forty Fifth is an urban oasis, featuring an approximately 8,000 square foot park-like elevated terrace that is set between the North and South residential towers. Surrounded by low-rise buildings, meaning many residents have beautiful skyline views, Bloom on Forty Fifth offers the rarely available option of choosing from a variety of light-filled north-, south-, east-, and west-facing residences. The 92-residence condominium features studio to four-bedroom residences, some offering private outdoor space. Amenities include a fitness center, communal outdoor terrace and a residents’ lounge which doubles as a coworking space with a fireplace and floor-to-ceiling glass walls.

Sales are being led by Compass Development Marketing Group.

---

25 East End Ave. 7E

A semi-private landing leads to the ample foyer of this spacious apartment. The living room has a W/B/FP and the picture windows take full advantage of the light and the spectacular river views. The oversized dining room also overlooks the river and opens through double pocket doors to the newly renovated windowed kitchen. The eat-in kitchen has top of the line appliances that include a Viking stove, double ovens, a Miele dishwasher, and Sub-Zero refrigerator. A home office/study/staff room with a fourth bath sits tucked away between the kitchen and the additional space offered by a butler's pantry. The three bedrooms are off a private hall, each with their own en-suite bathroom, custom closets, and western views for enjoying the spectacular NYC sunsets. The primary bedroom has two walk-in closets, and the entire home has an abundance of closets and storage. Asking $3,225,000. Represented by Stephanie Kanner and Roni E. Cowan, Fox Residential.

---

60 EAST END AVE. 32B

An entry foyer, with powder room, leads to a gracious gallery. Over-sized, with panoramic views, the living room as well as the formal dining room, offer sweeping views as far as the eye can see. The windowed kitchen with abundant storage, top of the line appliances, Washer/dryer and marble countertops completes the entertaining space. Wake up to dazzling sunshine and calm water views of the East River in your primary bedroom suite. It features an enormous walk-in closet and oversized bathroom with soaking tub and a separate stall shower, making a tranquil place to relax at the end of the day. Two additional bedrooms, each spacious and with en-suite baths, offer views, sunlight and endless possibilities. Asking $2,290,000. Represented by Evelyn Katz, Margo Mohr and Claudia Fields, Fox Residential.

---

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.

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!

Upper West Side

WHERE: 332 West 101st Street, Apartment #3FR

COST: $1,250,000

WHEN: By Appointment Only: Sunday, October 3, 2021, 12:00 - 1:00

Description: This three-bedroom, two-bath floor-through home has been renovated from top to bottom, with a thrilling layout and design for how people love to live today. From the high ceilings to the new hardwood floors, this designer-curated home beckons. The open kitchen features custom millwork, including panel-fronted dishwasher, island with storage and seating for three. Additionally, the great room offers thru-wall air conditioning, two built-out home office spaces, excellent floor-to-ceiling built-in bookcases, cabinet storage units, and stylish banquette seating in the dining area. Rounding out this property are two gorgeous baths, a washer/dryer hookup, and an open plan that is perfect for entertaining or lounging around the house. Located two short flights up, this home features the perfect combination of charm and new to feel both fresh and timeless, together. 332 West 101st Street is a nine-unit walkup cooperative on a quiet, tree-lined Riverside Park block. Common Amenities include Bike Storage and Laundry Room ! Note: Advertised Monthly Maintenance is based on a credit given at closing by the seller of $12,000, or $1000 per month for a period of one year.

Represented by Scott Harris, Brown Harris Stevens.

Bedroom : 3

Bathroom: 2

Listing Page: http://www.bhsusa.com/manhattan/upper-west-side/332-west-101st-street-3fr/coop/21237740

Brooklyn Heights

WHERE: 54 Orange Street, 4G, Brooklyn, NY 11201 United States

COST: $1,195,000

WHEN: SUNDAY, OCTOBER 3RD 12:30PM-2:00PM VIEWING BY APPOINTMENT ONLY.

Description: A rarely available combination apartment is available at this classic mid-century co-op in the coveted Fruit Streets area of Brooklyn Heights. The current owner is an architect who has expertly maximized the space forming a generous fifth-floor, two bedroom, two bath home with a home office area, and excellent storage space in addition.

On entering the apartment you'll see the sleek widowed kitchen complete with custom bamboo cabinets and elegant glass tile. There is a quartz countertop with a wide Kraus sink + Grohe faucet, a full-size Viking range and a bamboo paneled Liebherr fridge-freezer. No dishwasher. There is an adjacent walk-in pantry and a dining-area.

The serene and spacious living room faces south towards the building's quiet courtyard which contains mature trees. The hardwood floors are in great shape and the whole unit is in excellent decorative order. Work comfortably from home in a dedicated office area which has room for two computer stations. You'll sleep well in the quiet, king-sized primary bedroom which has its own ensuite, full bathroom with a tub. There is a walk-in closet and scope for a second walk-in closet in what is currently the bedroom's reading nook. The second bedroom accommodates a queen bed, or a twin with a large desk, and has its own walk-in closet. Just outside is a second windowed, full bathroom and a fourth small closet.

This very well managed co-op has a live-in superintendent, a laundry room and a shared leafy courtyard. Bike storage is by arrangement with the super. The co-op has recently completed the elevator refurbishment and the assessment is paid off. The board allows pied-à-terres, subletting and is pet-friendly for cats and dogs with board approval.

54 Orange Street is an excellent location opposite the historic Plymouth Church and gardens and very near 2, 3, A, C and R trains with easy access to the Brooklyn Bridge Park, Cadman Plaza and Dumbo. There are many bars and restaurants nearby such as Henry's End, Kogagne and Noodle Pudding as well as neighborhood hangouts such as Vineapple and Joe's Coffee.

Bedroom : 2

Bathroom: 2

Listing Page: https://www.corcoran.com/homes-for-sale/54-orange-street-4g-brooklyn-ny-11201/21109110/regionId=1

Upper West Side

WHERE: 317 West 89th Street, Apartment #5W, New York, New York 10024 United States

COST: $4,475,000

WHEN: By Appointment Only: Sunday, October 3, 2021, 12:30 - 1:30

Description: Under Construction: Be the first to see!

Grand and Gracious! Be the first to enjoy this fantastic renovated pre-war full service condominium. Prime tree lined street with sundrenched southern, western, and northern exposures shy of 2,700 SF, 9'4 ceilings, top of line kitchen with double wall ovens, double dishwashers, 36' subzero refrigerator. Multi zone central air conditioning, bountiful elegance with a living room of 23x16ft bathed in south light. 4 Bedroom, 3 full baths, eat in kitchen, and includes a private storage bin.

Small boutique prewar full service condominium. Live in resident manager, butlers room, additional laundry, bike room, private storage. All yours for 4.475M. No board approval. Under construction, access may vary.

There is a one month common charge ($2,616.82) towards the working capital contribution.

Represented by Louise Phillips Forbes, Brown Harris Stevens.

Bedroom : 4

Bathroom: 3

Listing Page: http://www.bhsusa.com/manhattan/upper-west-side/317-west-89th-street/condo/20925455

The Must-Have Amenity in New York City is Art

There's always been a connection between art and real estate, particularly when it comes to luxury residential developments. As developers increasingly incorporate fine art into high-end residential buildings, gallery-worthy art collections have become the must-have amenity for lobbies and other shared spaces at developments across the country - whether the work is a sculpture, painting, or a piece solely commissioned for the project itself. Below are some of our favorite museum like buildings in New York CIty,

17 Jane Street

Credit: Courtesy of 17 Jane Street

17 Jane Street is a newly built yet timeless boutique condominium designed by architect Sir David Chipperfield and developed by Edward J. Minskoff. Located in the heart of the historic West Village, this rare ground-up building features Corks (Couple), a monumental 10-foot bronze sculpture by American artist Jeff Koons. While 17 Jane Street is a private residential building, Chipperfield designed the jewel-box lobby to be an illuminated presence on Jane Street, making it the perfect showcase for contemporary art — and a striking visual from the sidewalk and street.

The Smile

Credit: NOISE

The Smile, a one-of-a-kind new rental building from the internationally known Danish architecture firm BIG-Bjarke Ingels Group, features an 24-hour, attended lobby boasting rainbow colors and Harlem-inspired murals - not to mention an expansive work by KAWS, an American graffiti artist and designer. Prominently featured behind the lobby's desk, the 10 silkscreen prints are part of a series of 100 titled No Reply.

Waterline Square

Credit: Evan Joseph

Waterline Square, the starchitect-designed mega-development on Manhattan's Upper West Side, features an impressive collection of gallery-worthy art hand-picked by Culture Corps, a unique art advisory and creative consultancy firm. Through the partnership, Culture Corps curated the art displayed throughout Waterline Square's lobbies, residential corridors and amenity spaces, bringing a gallery atmosphere to the everyday residential experience. The art was specifically chosen to reflect Waterline Square's world-class architecture, waterfront location and lush green space, and the selection includes pieces by notable American and international artists such as Jean-Michel Othoniel, Kiyoshi Otsuka, David Row, Landon Metz, Miya Ando and many more.

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.

5 Important Green Flags to Look for in a New Home

When looking for a new home, it's important to make sure it ticks all your boxes, leaving you no room for regret when you move in with your family. While these priorities may be different for different people, some cut across a large group. People selling their homes know this and so they make the necessary effort to get a buyer soon, and the following are five important things you need to look for.

The Bathrooms

The number of bathrooms and their condition, in general, is something you need to be comfortable with before you get a new home. Depending on the size of your family, you need enough bathrooms to comfortably serve everyone in the house. You should also find out if there are mold problems, broken systems that need to be fixed, and whether there's water damage anywhere. With over 21 million households in America using septic systems rather than a public sewer to filter their toilet waste, it's also good to make sure you're comfortable with the water disposal system and this can be costly to change or fix after you buy the house.

The Condition and Type of Appliances

Appliances are another thing that can be expensive to replace, which is why you should make sure that you're comfortable with the ones in the house you want to buy. First find out which appliances will come with the house and which ones will not and for those that come with the house, make sure that they're in good condition. Things like humidifiers, air conditioners, furnaces, washers, and water heaters all need to be in good condition, something you can check for yourself or find out from your home inspector. Selling a house usually motivates the seller to fix any problematic things, so make sure you get one that's had all the necessary fixes made and won't cost you a lot of extra money once you buy.

Heating and Cooling

The heating and cooling systems should be in good condition in the house you buy. This is because people spend an average of almost 90% of their time indoors. A functional HVAC system, therefore, will enable you to keep your family comfortable, especially if you move during extreme weather. Either make sure that you're happy with the type of heating and cooling system or know what it will take to change it should you buy the house.

The Number of Bedrooms

Depending on the size of your family and whether you want to have more children in the future, you should get a house that will comfortably host everyone. Extra bedrooms should be the right size and be functional so everyone is at ease and enjoys being at home. On the other hand, don't get an overly big house if you don't need the extra space.

The Location

Finally, your new home's location is an important thing to consider before you settle in. In 2019, 16% of people who owned a home for the first time were trying to find new houses in urban areas. This may be because of their jobs, businesses, children's schools, and more. Carefully consider the location of your new home, therefore, to make sure that you don't get a hard time commuting and getting your children to the schools you prefer. Unless you will change your lifestyle, don't buy a home that's not in a location that makes things easier for everyone in the family.

Buying a home is a major purchase, which is why you need to take the time to test things and make sure you're comfortable with the state everything is in. People selling homes will often want to put their best foot forward, and so they will generally be willing to make changes you request for as long as they're not extreme.

Tips for Buying Property in a Seller’s Market

In 2020, there was a supply shortage of 2.5 million housing units. With a lower supply and an increased demand for property, we are now in a seller’s market. This often leads to increased prices and stiffer competition for buyers, which can intimidate any potential property owner — whether or not this is your first home purchase.

The heightened competition of a seller’s market can feel even more challenging in an infamously fast-moving real estate market like New York’s. Rather than give up, take the time to prepare yourself so you can put forth the best offer possible. Here are some tips for navigating a seller’s market.

1.  Prepare Your Paperwork

Step one, of course, is getting all your ducks in a row. When things are moving fast, it’s essential to have what you need to act decisively when you find a listing you like.

Before investigating available homes, ensure you have all the necessary documents in place. One of the first things you want to do is get a preapproval letter from a mortgage company. The document states the mortgage amount you’re pre-approved to borrow.

Know the difference between the types of loans available. The limits on these loans depend on housing prices. Having this information ready shows the seller you can afford the house. Also, being prepared helps you stand out from other buyers and allows for a quicker process especially in the midst of a housing shortage.

2. Set a Budget

With houses leaving the market fast, you may feel pressured to make a higher offer. However, if you go too high, this could cause you future financial strain. 

Before house hunting, determine your budget and stick to it. This can help prevent you from making quick decisions that aren’t in your best interest.You might accelerate your buying timeline, but you shouldn’t sacrifice on your financial wellbeing for a property.

3.  Work With the Seller

With multiple buyers viewing the property, sellers may feel overwhelmed. To make a good impression, be open when picking a date to tour the home. 

Figure out what time is best for the seller. For your benefit, see if you can tour the property around 8 am or right after regular work hours. This can give you a better idea of what the traffic will look like during your typical commute — and it’s more likely the seller is available at those times, too.

Also, be more flexible about your move-in date. Give the seller plenty of time to move out of their house. If you can afford to be adaptable, the process can be a win-win for both parties.

4. Make House Hunting Your Full-Time Job

With homes leaving the market quickly, your search should be a top priority. Regularly search for houses online and around your desired location. Check local listing sites, such as Zillow. You could also look for unlisted homes. To find these, send emails or letters to homeowners asking if they’re interested in selling.

Of course, your real estate agent is in your corner, too. Their insider knowledge of up-and-coming listings will give you a market edge that’s simply hard to achieve if you’re not in the industry yourself.

Also, when setting up a tour, book the earliest time available. Getting in early can give you more time to make a decision. As soon as you find your dream home, work with your real estate agent to follow up with the seller.

5.  Make Fewer Requests

When buying a home, you most likely have a list of features you want to include. However, with a more competitive market, you may need to be more flexible. So, consider holding off on asking for an updated washer or a lower price. Instead, accept what the seller is offering upfront.

You can always revamp the cosmetics of your property later. Make an essentials list — location, schools, price, etc. — and try to cut out anything you can afford to adapt later. While it’s great to find a dream home, buyers sometimes get caught up on small details that can slow them down.

6.  Reach Out to a Listing Agent

A listing agent represents the seller and is the one who lists the property for sale. So, reach out to them to learn more about the home. A listing agent can tell you how many other buyers are interested. Knowing this information can help you make a more competitive offer/

7.  Start With Your Best Offer First

Since a seller sees multiple offers, it’s essential to make a good impression right away. If you wait to give a better offer, the house could leave the market before you even get a chance to make it.

So, ask your real estate agent to do a comparative market analysis. Use this information to help you determine the fair market value for your home. Also, keep in mind your budget. You want to have enough money saved for closing costs.

8.  Offer More Cash

To make your offer stand out further, increase the amount of cash for your earnest money deposit. An earnest money deposit is cash a buyer provides that is held until the sale closes. It is usually between 1-10% of the sale price. The funds are applied toward the buyer’s down payment and closing costs. 

Having a higher offer can show the seller you are invested in the property. It’s also more likely to be a necessary component of a competitive offer. In Upstate New York, where city buyers are snatching up available real estate, brokers report about half of their deals being completed as cash-only offers.

9.  It’s About More Than Just the Money

Price is one of the more critical factors for sellers, but it’s not the only one. Consider sweetening the deal with a non-financial offering. Consider waiving the home inspection or extending their move-out date.

Offering more than just money can be incredibly useful if you’re on a budget. It can also make your offer stand out, even if it’s not the highest price.

10. Write a Personal Offer Letter

Your offer letter should appeal to the seller’s emotions. Talk about how you envision living in the house. You can even bring in elements of the home. For example, discuss how you will maintain some of the original architecture. 

Also, learn more about the homeowners to find a common connection. You could even shoot a short video showcasing how much the property means to you.

Moving Fast in a Seller’s Market

Navigating a seller’s market can be a little stressful. With low supply, buyers are experiencing more competition and even bidding wars. The tips above can help you get prepared, be more decisive and utilize all your resources to make the home search a success.

Author

Evelyn Long is the editor-in-chief of Renovated. Her real estate work has been published by the National Association of REALTORS®, Rental Housing Journal, and other online publications.

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.

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

---

40 East End Avenue Maisonette 17

Listed for $9,945,990, the sprawling residence has 4,888 SF of interior space and 608 SF of exterior space, including four bedrooms, three full bathrooms, and two powder rooms. With ceilings as high as 11-feet, a private elevator, oversized casement windows, custom moldings, 8-foot doors, and natural white oak flooring is present.

Welcoming you into the home is a formal entry foyer and gallery, lined with marble floors, leading to an oversized living/formal dining room which overlooks the private garden. The garden comes complete with a signature water feature, an irrigation system, and outdoor kitchen with a built-in gas grill.

At the center of the home and connecting all three levels is a spectacularly-designed grand staircase. The open chef’s kitchen boasts high-gloss lacquer painted Italian cabinetry complemented by hand-selected Italian Arabescato Cervaiole marble slabs and a gracious kitchen island for entertaining. Upper cabinet doors have a unique woven metal mesh panel and beveled trim, adding a refined pattern to the kitchen composition. The kitchen is supported by sophisticated appliances by Gaggenau including a double oven, a dishwasher and a full height wine refrigerator.

The sprawling master bedroom suite on the second floor faces the garden and features two large walk-in closets. The en-suite master bathroom features hand selected Arabescato Cervaiole marble, fluted mirrored glass panels, and a custom Italian vanity with Waterworks Henry collection fixtures, finished in polished nickel. The master bathroom also features a deep, 6-foot soaking tub, oversized shower, private water closet, and radiant heated floors. 

In addition, a Butler’s pantry boasting a wine refrigerator, ice maker, sink, a Gaggenau dishwasher and a dumbwaiter connecting the pantry and kitchen one floor below is present along with a library.

---

7 Hubert Street, TH3H

Courtesy Douglas Elliman

This Tribeca townhouse is currently home to the race car-driving ex-banker Alan Wilzig, who was known for inspiring a minor character in the movie The Wolf of Wall Street, has just hit the market for $10 million after being repriced and restaged. Located at 7 Hubert Street, TH3H, the home is listed with Oren Alexander, Tal Alexander and Jared Schwadron of Douglas Elliman. 

Spanning over 6,500 square feet, the four-bedroom, three-full bath, three half-bath townhouse offers full access to the condo building’s concierge services, a full-time doorman, a gym, children's playroom and other community spaces as well as bike and additional storage, making this the best of both worlds.

Opening into a spacious hallway, the apartment leads on into a sunken living room with triple French doors opening into the 800 sq. ft. garden, outfitted with a grill and hot tub. Overlooking this light-flooded space, the elegant dining area and kitchen are equipped with everything necessary for entertaining. A ground-floor bedroom could be repurposed as a study, while interior access to the garage provides added privacy and security.

Upstairs, the three bedrooms all feature en-suite full baths and ample closet space with the master bedroom also boasting a spectacular customized dressing room. The roof deck is truly the crowning glory, providing 2,200 sq. ft. for sunbathing, socializing and family activities. The lower level features a home theater, office space and two multipurpose spaces as well as storage and a sauna.

---

300 East 79th Street

Courtesy of Douglas Elliman

Penthouse B is a full-floor, corner residence offered  at $4,675,000. It includes 11-foot ceilings, floor-to-ceiling windows and walnut flooring. There are three bedrooms, each equipped with an en-suite bath. The primary bedroom is extra-large with two large walk-in closets and an impressive spa-like, windowed bathroom with white statuary marble floors, double vanities, soaking tub, shower and custom oversized floating vanities. All of the bells and whistles!

The prime bedroom is extra large and easily fits a king bed, benefits form 2 very large walk-in closets and an extraordinary spa like windowed bathroom with white statuary marble floors, double vanities, a soaking tub, shower, and custom oversized floating vanities with glass tile walls. Two additional bedrooms both with ensuite bathrooms are located on the opposite side of the home from the master. Each bedroom is large with plenty of room for comfortable living. Perfectly located in a luxury upper eastside condominium that enjoys full time doormen and a concierge, a resident manager, a state of the art fitness center, playroom, laundry, package room and an incredible entertainment lounge with a full kitchen and an outdoor terrace with a fireplace.

A fantastic upper eastside location offers both fine and casual dining venues, easy shopping at Agata & Valentina, Citarella's, convenient transportation, and a short stroll to wonderful NYC parks Central Park, Carl Schurz Park. This condominium is an exceptional value and is pet friendly, investor friendly and permits pied a terres.

---

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.

Take A Look At The Cortland by Olson Kundig and RAMSA

Related Companies is pleased to share a first look inside The Cortland, their newest residential project located at 555 West 22nd Street across from the Hudson River Park in West Chelsea. A celebration of American craftsmanship, The Cortland represents a unique collaboration between two of the world’s leading architecture practices, Robert A.M. Stern Architects and Olson Kundig.

A celebration of American craftsmanship, The Cortland represents a unique collaboration between two of the world’s leading architecture practices, Robert A.M. Stern Architects and Olson Kundig. The Cortland reflects the synergy of the firm’s two unique styles, and their shared dedication to craftsmanship, natural materials and deep understanding about how people want to live; Robert A.M. Stern Architects is an internationally renowned New York-based architecture practice known for their modern classicism, and Seattle-based Olson Kundig is celebrated for their modern and innovative minimalism.

Inspired by West Chelsea’s rich industrial heritage and the neighborhood’s historic architecture, The Cortland’s intricate façade features a mix of limestone, brick and metal detailing and uses over one million hand-made and hand-laid bricks giving the project a distinctly historical feel.

For their first residential project in New York City, Olson Kundig brings a refined west coast aesthetic to The Cortland’s interiors emphasizing craft and function. Using the highest quality natural materials throughout, Olson Kundig’s interiors are sophisticated, elegant and comfortable.

The Cortland features studio- to five-bedroom residences, and an assortment of expansive penthouses. Sales commence this fall and Related Sales LLC and CORE are the exclusive co-sales and marketing agents for the project. The Cortland continues Related Companies’ tradition of excellence and leadership in high-design luxury residential development and joins their other innovative design-driven projects including Lantern House, Superior Ink, 70 Vestry and Hudson Yards.

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.