Our Favorite Listings For The Week

81 White St PHE

Offered at $7.5M, this stunning duplex penthouse at 81 White St in Tribeca, listed by Lance Gillette, Brandon Bogard, and Mallory Bogard of SERHANT, combines historic charm with modern luxury. Situated in a boutique condominium with just 11 units, this 3,200 sqft residence features a soaring 27-ft high entry, a custom steel-and-wood staircase, and a chef's kitchen with high-end appliances. With 720 sqft of private terraces, this exclusive home is located next to the iconic Mudd Club, offering a unique piece of New York's cultural history.

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250 West 96th Street, Unit PHA

photo credit: Kate Glicksberg

Introducing Residence PHA, a luxurious 4-bedroom, 4-bath penthouse listed by Pamela D’Arc of Compass. This impressive home features 11’ ceilings, a 1,160 sqft private roof deck with an outdoor kitchen, and sweeping south views of the Manhattan skyline and partial Hudson River views. The expansive living area boasts a marble-clad gas fireplace and floor-to-ceiling windows. The top-tier kitchen is equipped with custom Italian cabinets, Brazilian quartzite countertops, and high-end appliances. The building offers extraordinary amenities, including a 75-foot saltwater lap pool, fitness center, and landscaped rooftop with outdoor cinema.

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8 East 12 St #8/9393 West End Avenue, Apartment #9E

Residence 9E is a stunning 1,712 square-foot three-bedroom, two and a half bathroom home celebrating a gracious living room and western sunsets. Entertaining is a pleasure in the open chef's kitchen and adjacent dining room. The primary bedroom enjoys an en suite bath, a myriad of closets and serene city views. The secondary bedrooms boast bright, southern light. This magnificent home features many custom details throughout. The indoor & outdoor amenity suite includes a Great Room that offers semi-private interconnected spaces; a Club Room for dining and intimate gatherings; a Fitness Room with state-of-the-art equipment and private movement studio; a Cottage Playroom-inspired by an enchanted forest-with a dedicated porch and secret garden away from the city bustle; a lounge with gaming station; private nooks; and private courtyard with landscaped outdoor space. Represented by Louise Phillips Forbes, Brown Harris Stevens.

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Navigating the Latest Weight Loss Trends: What You Need to Know About GLP-1 Drugs

The popularity of GLP-1 (glucagon-like peptide-1) drugs for weight loss is skyrocketing, promising a new approach to tackling obesity. However, as more people turn to these medications, it's becoming clear that many users are not sticking with the treatment long enough to see sustained results. According to a CNN article, a significant number of individuals using GLP-1 drugs are discontinuing their use prematurely, which can undermine their weight loss efforts and overall health goals. These findings underscore the need for a comprehensive weight loss strategy that goes beyond medication.

GLP-1 drugs like semaglutide and liraglutide have become household names in the weight loss community. Marketed under brand names such as Wegovy and Saxenda, these medications were initially developed for managing type 2 diabetes but have gained attention for their effectiveness in reducing appetite and promoting weight loss. Yet, as CNN highlights, the challenge lies in maintaining the discipline to continue the treatment and integrating it into a broader lifestyle change plan.

Understanding how GLP-1 drugs work

GLP-1 drugs work by mimicking the action of the GLP-1 hormone, which is naturally produced in the gut. This hormone plays a role in regulating blood sugar levels, slowing down the emptying of the stomach, and signaling to the brain that you're full. The result is a decrease in appetite and an increase in feelings of satiety, making it easier to consume fewer calories and, ultimately, lose weight.

When GLP-1 drugs are administered, they bind to receptors in the brain that influence hunger and satiety. This action helps reduce food intake and promotes weight loss, especially when combined with a low-calorie diet and regular exercise. However, it's important to recognize that while GLP-1 drugs can be effective, they are not a magic bullet. For sustained success, they must be part of a broader weight loss strategy that includes lifestyle and behavioral changes.

Maximizing the benefits of GLP-1s for weight loss

To get the most out of GLP-1 drugs, it's essential to make lifestyle adjustments that complement the medication. One critical aspect is addressing habits that contribute to weight gain. For example, late-night snacking can sabotage weight loss efforts by adding unnecessary calories at a time when the body is less likely to burn them. As we discussed in a previous article, curbing late-night cravings requires mindful eating during the day, staying hydrated, and establishing a consistent sleep routine. By managing these behaviors, individuals can enhance the effectiveness of GLP-1 drugs and achieve better weight loss outcomes.

Another valuable resource for those using weight loss medications is a comprehensive GLP-1 weight loss program. These science-backed program are designed to provide users with a comprehensive support system that goes beyond just medication. It includes access to obesity specialists, behavior-change experts, and a supportive community. The program emphasizes the importance of behavior change, giving users tools and guidance to help them develop healthier habits that will last a lifetime. This holistic approach ensures that individuals are not only losing weight but also making sustainable changes to their lifestyle that will help them maintain their results long-term.

The importance of research and awareness

While GLP-1 drugs offer promising results, it's crucial for individuals to be aware of potential side effects and fully understand what they are getting into. As reported by HealthDay News, some users of these medications have experienced gastrointestinal side effects such as nausea, vomiting, and diarrhea. In a study of 196,000 patients, these side effects led to about 36.5% of patients to discontinue use after a year. To avoid surprises, it's important to do thorough research, consult with healthcare providers, and be prepared for the possibility of side effects. This knowledge can help users manage expectations and stick with their treatment plan.

Although GLP-1 drugs can be a powerful tool for weight loss, they are most effective when used as part of a comprehensive strategy that includes lifestyle changes and ongoing support. By understanding how these drugs work, addressing unhealthy habits, and being aware of potential side effects, individuals can maximize the benefits of GLP-1s and achieve lasting weight loss success.

Personalizing a Space for Academic Success

By Tracy Wu, Manager, Avenue Studio

Research suggests that where a student studies is a key to their academic success. But in cities and suburbs alike where space is a cherished commodity, creating a functional, personalized, designated space for homework and studying can prove challenging. 

High-quality millwork and truly personalized concepts do not need to be financially out-of-reach. Both homeowners and urban dwellers should enlist the services of professional designers, fabricators and installers to turn any thought into a reality. 

Tracy Wu is the manager of Avenue Studio, New York’s leading custom interior design and home organization solution provider. She and her team have a deep understanding of the nuances required to create highly individualized solutions that enhance client’s homes and apartments in the country’s busiest metropolitan area.  

Together, they offer the following advice on how to craft a personalized homework area that will both maximize space and set students up for success this upcoming school year: 

• Create a separation between workspace and living space. Student’s designated study space should be just that: a place to study. No matter the size, having a space that is solely dedicated to homework and doesn’t share functions, such as a kitchen table or couch, can increase motivation and limit distraction. 

• Use the right lighting. Studies have shown that studying in dim lighting can increase eye strain and make it harder to retain information. Finding just the right amount of light through both overhead fixtures and lamps can create a calming atmosphere and encourage productivity. 

• Organization is key. The less time and energy spent looking for something at their desk, the more time and energy a student spends on their work. Research proves that having an accessible system, no matter how simple, to store everything and reduce clutter will make homework time a lot easier, less frustrating, and more productive. 

• Limit distraction. Workspaces should be clear and free of anything that could capture attention, especially electronics. The use of neutral colors, a removed spot to store phones or electronics, and white noise machines are all proven to help  keep students on track and make deadlines.

Tracy Wu is the manager of Avenue Studio, a one-stop luxury home brand offering custom interior design and home organization systems. With a keen understanding of the importance of space and the challenges of our modern lifestyle, Avenue Studio works directly with clients to design bespoke closets, pantries, kitchens, home offices, and furniture that enhances the home and elevates daily experiences. The team embraces a holistic approach, offering on-site measuring, collaborative design, custom millwork and production, professional installation, and after-sales services to ensure each distinctive need is met. Avenue Studio hosts over 50 product lines with a variety of classic, luxury, and modern design styles that amplify personal flair and deliver an optimal home furnishing experience. 

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The Rise of Boutique Living: What Sets Orion Astoria Apart in Queens’ Real Estate Market

photo credit Oleg Davidoff Photographer Co. 

Astoria, Queens, has long been celebrated for its vibrant community, diverse culture, and rich history, but it's now making waves in the luxury real estate market with the introduction of boutique residential buildings like Orion Astoria. As the demand for unique, high-end living spaces continues to grow, Orion Astoria emerges as a prime example of how modern design and intimate, community-focused living can come together in one of New York City's most desirable neighborhoods.

photo credit Oleg Davidoff Photographer Co. 

Orion Astoria, a newly constructed condominium on a leafy residential street, redefines boutique living with its meticulously designed one- and two-bedroom residences. Developed by local visionaries Konstandinos "Gus" Vorillas, Thomas Ballis, and Chris Giannikouros, this seven-unit building offers residents the best of both worlds: the upscale modernity of a luxury development and the privacy and charm of a smaller, more intimate residence. With features like private outdoor spaces, floor-to-ceiling windows, and state-of-the-art amenities, Orion Astoria sets a new standard for luxury living in Queens.

photo credit Oleg Davidoff Photographer Co. 

What truly sets Orion Astoria apart in the bustling Queens real estate market is its thoughtful approach to design and community integration. The building’s contemporary facade, designed by Harriet Nikakis of HCN Architects, combines elegance with durability, making a bold architectural statement while seamlessly blending into the surrounding streetscape. Inside, residents enjoy the latest in smart home technology, luxurious finishes, and an abundance of natural light, all while being steps away from the eclectic shops, parks, and acclaimed restaurants that make Astoria such a sought-after neighborhood.

photo credit Oleg Davidoff Photographer Co. 

As the trend toward boutique living gains momentum, Orion Astoria stands out not just for its design but for its commitment to fostering a sense of community among its residents. By offering the design sensibility of a larger building while maintaining the privacy and personal touch of a boutique residence, Orion Astoria is a testament to the evolving landscape of luxury real estate in Queens. Whether you're a first-time buyer or looking for a new home with a sense of community and modern amenities, Orion Astoria is setting the bar for what boutique living can be.

The Patrick Smith Team from Corcoran is exclusively handling sales.

photo credit Oleg Davidoff Photographer Co. 

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2024 Trends in NYC Luxury Real Estate

Luxury real estate in New York City is constantly evolving, and 2024 is no exception. The landscape of high-end properties is being shaped by a variety of trends that are exciting and innovative. As prospective buyers or current homeowners, understanding these trends can help us make informed decisions.

Innovative Architectural Designs and Smart Home Technology

Architectural designs in NYC luxury real estate are reaching new levels of creativity and innovation. We are seeing more properties incorporating unique and cutting-edge designs that combine both form and function. Curved lines, expansive glass walls, and open floor plans are all popular features that enhance the living experience. These designs not only look stunning but also create a sense of space and fluidity.

Another exciting trend is the rise of smart home technology in luxury homes. With smart home systems, we can control lighting, security, climate, and entertainment with just a few taps on our smartphones. These systems enhance convenience and security, making our homes more comfortable and efficient. Voice-activated assistants, smart thermostats, and automated lighting are some of the must-have features in modern luxury residences.

Moreover, technology extends beyond just the interior. Smart landscaping solutions, like automated irrigation systems and outdoor lighting, are becoming more common. Integrating these technologies into the architectural design ensures that every part of the home, both inside and out, is optimized for efficiency and ease of use. As smart home technology continues to evolve, it will likely become an even more integral part of NYC luxury real estate.

Sustainability and Eco-Friendly Features in Luxury Residences

Sustainability is a major trend in NYC luxury real estate for 2024. Many high-end properties now prioritize eco-friendly features that appeal to environmentally conscious buyers. Using sustainable materials and building techniques is a key focus, helping to reduce the environmental impact of construction.

Green roofs and walls are becoming popular because they provide insulation, reduce energy costs, and improve air quality. These features also add a touch of nature to the urban environment and create a visually appealing aesthetic. Additionally, energy-efficient windows, solar panels, and high-performance heating and cooling systems are being integrated into new luxury homes. These systems not only reduce our carbon footprint but also help lower utility bills.

Water conservation is another important aspect. Installing low-flow fixtures, rainwater harvesting systems, and native landscaping reduces water usage and supports a sustainable living environment. The move towards sustainability reflects a broader awareness of environmental issues and a commitment to responsible living. By incorporating these eco-friendly features, luxury residences in NYC are setting new standards for green living, making them attractive to buyers who value sustainability.

Rising Neighborhoods and Hotspots for High-End Buyers

In 2024, several neighborhoods in NYC are gaining attention as prime locations for luxury real estate. One such neighborhood is Hudson Yards. This newly developed area boasts state-of-the-art high-rises, shopping centers, and fine dining options. Its modern amenities and central location make it a top choice for high-end buyers.

Another hotspot is the Financial District. Once primarily a business district, it has transformed into a vibrant residential area. Luxury condos and penthouses with stunning views of the skyline and waterfront are attracting buyers looking for a blend of business and leisure. The area's development plans and proximity to major attractions add to its appeal.

Brooklyn's DUMBO (Down Under the Manhattan Bridge Overpass) is also becoming a desired area. Known for its artistic vibe and historic warehouses, DUMBO offers a unique mix of modern luxury and artistic charm. Many tech companies and startups have made it their home, bringing more amenities and services to the area and making it attractive for young professionals and families alike.

The Impact of Global Influences on NYC Luxury Real Estate

Global influences play a significant role in shaping NYC's luxury real estate market. Economic fluctuations, international buyer trends, and geopolitical events all impact demand and pricing. For example, international buyers, especially from countries like China and Russia, have historically invested heavily in NYC real estate. Changes in their home countries' economies can affect their ability and desire to invest abroad.

Moreover, currency exchange rates also influence international investments. A strong US dollar can make NYC properties more expensive for foreign buyers, potentially reducing demand. Conversely, a weaker dollar can attract more international investors looking for favorable deals.

Geopolitical events, such as trade agreements or conflicts, can impact the luxury real estate market as well. New policies or restrictions on foreign investments can either open up the market to new buyers or limit the influx of international capital. Understanding these global factors helps us anticipate shifts in the market and better navigate our real estate decisions.

Conclusion

Navigating the dynamic landscape of NYC luxury real estate in 2024 requires staying informed about new trends and influences. By understanding innovative architectural designs, smart home technology, and sustainability features, we can make savvy choices that align with modern living standards. Recognizing rising neighborhoods and the impact of global influences also equips us with the knowledge to make strategic decisions.

These trends are not just fleeting moments but reflections of broader changes in lifestyle, technology, and economic patterns. We can find the best opportunities and make our investments count as we explore these developments.

For more insights and expert advice on navigating NYC’s ever-changing real estate market, visit Off The MRKT. Our in-depth New York real estate blog will help you stay ahead in the luxury real estate game. Join us at Off The MRKT and make informed decisions for your future in this vibrant city.

Decades on the Late Gianni Versace Still Holds Sway in Modern Real Estate Luxury

Nearly 30 years after his untimely demise, icon Gianni Versace is still considered one of the most influential tastemakers the world has ever produced. 

In real estate, the designer is celebrated for his unflinchingly decadent style that represented everything la dolce vita. Known for his beautiful abodes, Versace’s homes in Miami, Milan, and Lake Como have been repeatedly referenced throughout the years, thanks to their theatrical elements. From statues of Greek gods and portraits of Roman figures to gilded friezes and glittering candelabras, each home was carefully curated by the designer himself.

What may be less known for those outside of property circles, though, is that Versace is also a prominent personality in the luxury New York real estate market. This is evident from a number of listings, each frontloading their affiliation with the Italian fashion leader.

The fashionable legacy of Gianni Versace

From his early years in Italy working in his mother’s sewing business, Gianni’s eye for style was evident. Despite the poverty and political troubles that surrounded him, he was able to work his way up as a designer for the popular ready-to-wear brand Genny in 1973. His success there helped give him the resources to release his very first personal collection at the Palazzo Della Permanente Art Museum of Milan a few years later. From there, the rest, as they say, is history.

Today, while the Italian fashion is helmed by Versace’s younger sister and muse, Donatella, the brand’s essence and vision are still the same ones Gianni put in place. For instance, popular motifs like the Medusa icon and Baroque prints remain staples in Versace clothing lines. Both initially introduced in the early 90s, these prints are still widely used in more modern collections as recent as 2023. A true visionary, Gianni was also responsible for creating the bondage-inspired silhouettes and the Oroton fabrics that have become synonymous with the brand today. The same effort to preserve Gianni’s style has been made in newer brand creations that came following his death. This is perhaps most evident in their eyewear, which was first introduced in 2003. Versace sunglasses feature the same bold attention-getting approach with oversized frames and trademark metal hardware. Although these shades have been adapted for more contemporary preferences, such as compatibility with prescriptions or polarized coatings, the aesthetic of each one is still undeniably Gianni-inspired. In some of their most recent collections, like the Versace Women’s 2024 collection, the frames were still decorated with the aforementioned Medusa medallions.

Versace homes in New York

As can be expected, Gianni’s New York real estate legacy is just as ornate. A far cry from the minimalist spaces that have become more popular of late, Versace’s homes and decorations are over-the-top. In terms of architecture, while mid-century homes by John Howe, apprentice of the legendary Frank Lloyd Wright, are beloved for their clean lines, wide open spaces, and heavy use of wood, Versace’s properties are almost the exact opposite. In New York, Versace’s Upper East Side mansion is closer to a Baroque palace. Smack in the middle of the concrete jungle, this lavish home is 14,000 square feet. Grand double doors open up to a maximalist paradise with a marble gallery, inlaid geometric floors, sweeping staircase, and detailed columns. A true art history lover, Versace’s Big Apple mansion has painted ceilings and gilded paneling taken from a palazzo in Florence. Gold molding and a marble Jacuzzi elevate the primary suite. To really underscore the luxury of the estate, it has a media room, game lounge, rooftop terrace, and backyard garden. Currently owned by billionaire Thomas Sandell, the home is on the market for a whopping $55 million.

Given the steep price of owning one of Versace's past houses, some real estate stakeholders have instead taken to offering his furniture instead. Last year, a duplex penthouse in the NoMad district went on sale for $10 million. Apart from sweeping city views, the property’s big highlight was the inclusion of rare furnishings previously owned by Versace himself. Throughout the 3,564-square-foot, four-bedroom, and three-and-a-half-bathroom unit, Gianni-owned pieces such as sofas, accent chairs, rugs, ottomans, tables, and more are spread around. Initially purchased in an auction in 2001, these furnishings were purchased for approximately $60,000, which underscores how influential the late Versace remains. 

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