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The Best Wedding Gift You Can Give

gifting a down payment

Wedding Season is here!

Whether you are about to tie the knot and are looking to setup your registry, or you are attending a wedding in the coming months, consider why saving for a down payment at this major life milestone could be one of the best decisions to make or why helping someone attain this goal is is the best gift to give. 

Forget the Tiffany china and Frette linens as cash is king! Giving yourself the gift of a home is the best gift you can give yourself, so kindly ask for cash in lieu of a registry and let all your guests know you are working towards owning your dream home. 

Attending a wedding soon? While cash me not be your idea of a great gift, consider how much it could help a young couple looking to purchase their first home.

Gifting a Down Payment

A wedding is a great time to gift money towards a down payment. We previously wrote about 10 Ways to Save for a Down Payment, and it is no surprise that gifting was one of the ways to work towards this goal. 

Often times, first-time homebuyers think that a gift cannot be used to make a down payment on a home as it will not qualify them for a mortgage. While it is important to note you must be qualified under normal mortgage lending guidelines to receive a loan, it is also important to stress that, yes, you can use a gift to make a down payment on a home. If you have questions about mortgage approval and how it may relate to a gift, this is a great time to connect with us as we can refer to a qualified Mortgage Broker to discuss specifics as each lender has its own Best Practices. 

You may be thinking that cash sounds like a boring gift or that you do not like to give cash, however, cash is the most valuable gift when it comes to working towards owning a home. It can feel awkward asking people for money, but a wedding is a great opportunity. 

Let attendees know how important owning a home to you is, and that you are diligently working towards it so cash for a down payment is high on your wish list! In fact, the cash for a down payment may more than pay for itself in the long run.

Owning a Home is a Vehicle to Wealth

Owning a home is regarded as one of the biggest contributing factors to accumulating wealth. In fact, a self-made millionaire told CNBC that not owning a home is the single biggest Millennial mistake. Those that own homes are wealthier by a large margin than those who do not own a home. 

Many people, especially Millennials, find themselves in a situation where they are struggling to pay high rent prices in many urban and metropolitan areas which leaves them for little discretionary income to spend, and, more importantly to save. Crippling student debt and credit card loans leave many with no option but to continue to rent. This does not mean, however, that some of these individuals would not be able to qualify for a mortgage. They simply are unable to save money for a down payment given wages vs debt obligations. 

This is where taking the opportunity to receive gifts as cash be can a wise decision as it can boost a "down payment fund" to the next level. Instead of paying rent each month towards something that is not owned, home owners making mortgage payments are paying towards something that will be theirs, something that will increase in value, and thus increase their wealth. 

7 Instagram Worthy Master Bathrooms

Views are always captivating in New York City- in fact, we wrote about the 12 Most Instagrammable Views from Manhattan Real Estate in the past. There, however, a lot more aspects that are equally as captivating when it comes to luxury real estate. We constantly see things like #KitchenGoals and #LivingRoomGoals, but what about #BathTubGoals?

Manhattan real estate has some pretty awesome Instagram worthy bathtubs. From large soaking tubs perched high in the sky to intricate tile, here are our top picks for #bathtubgoals around town.

200 E. 59th Street

200 East 59th Street will be rising on the corner of 59th Street and 3rd Avenue, bringing a new luxury condo tower to the area. The project is by Macklowe Properties of 432 Park Avenue fame. 

Based on the current proposal and renderings, the building is slated to have a unique metal basketweave base that will certainly be attention grabbing from the street. The residences at 200 E 59th Street are characterized by units that have deep, continuous wrap around terraces. The architectural design of the building moves all the columns from the interior to the exterior, freeing up space inside the apartments.

Select residences will have freestanding soaking tubs positioned in front of large windows as seen above. You can relax while taking in the Manhattan skyline!

Listings by Macklowe Property

357 W. 17th Street

This renovated townhouse in the heart of West Chelsea is comprised of 11,000 square feet of living space with an additional 2000 square feet of outdoor living space. The home features luxurious details and amenities throughout such as Swarovski Crystal accents in the kitchen to a complete spa with indoor pool in the basement.

The master bath of the home spared no detail as well, comprising half a floor. The space is done with an intricate Sicis Tile design featuring a flower motif. The master bath feels like a spa itself and has one of the largest bathtubs we have seen....who wouldn't want to soak in this beautiful bathroom?!

Listing by Alyssa Soto Brody

45 E. 22nd Street

The latest addition to Madison Square Park, 45 East 22nd Street, has earned the title of Madison Square Park Tower because it is quite literally going to be the tallest building in the area upon completion. The top of the tower has promising views of most of Manhattan all the way to both the East and Hudson Rivers.

The views from the top are visible in all rooms of the apartment, including in the bathroom. Sit in this tub and you will find yourself thinking "I can see for miles and miles..."

Listings By Douglas Elliman

432 Park Avenue

As the tallest residential building in the Northern Hemisphere, 432 Park Avenue has some of the most jaw dropping views of the Manhattan area, from Yankee Stadium to lower Manhattan, all the way to New Jersey and Long Island.

The bathtub of one of the penthouses is, perhaps, one of the most Instagrammed bathtubs out there, and who could argue given that stunning view? Can you say #bathtubGoals?!

Listings by Douglas Elliman Development Marketing

151 E. 58th Street

One Beacon Court, like many of its neighbors such as 432 Park Avenue, is known for its spectacular views. In fact, The Victoria Shtainer Team currently has two exclusive listings in the building, 47A for sale and 34B for rent, which each offer wonderful views. The homes feature floor-to-ceiling glass which, depending on the exposure, offers views of Central Park, the Midtown Skyline, and the East River. 

The master bath of Penthouse 53W has breathtaking views of the Midtown skyline looking south as the tub is positioned next to a large window. A bath with Empire State Building views? We'll take it!

Listing by Frans Preidel

520 W 28th Street

520 W 28th Zaha Hadid

520 W 28th Street is the late Hadid's only project in New York, and thus, has an inherent special value to it as it brings her signature elements along the High Line. The design is based on graceful curves inspired by nature that are a contrast to the hard angles generally seen in residential architecture. The hand-rubbed metal facade is one continuous line that works its way toward the sky. The curves of the building create a distinct chevron pattern on the exterior of the building, linking residence exteriors and interiors together in one sweeping movement. 

The building, directly adjacent to The Highline, has some residences with master baths that look over The Highline Park and West Chelsea. Master baths are luxurious appointed with white marble contrasted against black crosscut Nero Marquinia marble and a freestanding six-foot tub by Teuco Guuzzini. 

Listings by Corcoran Sunshine Marketing

565 Broome Street

565 Broome Street is Renzo Piano's first residential project in New York City. He brings his iconic design and approach to this luxurious residential project located in SoHo. The 30 story building will stand out in the SoHo landscape, set alongside its smaller scale neighbors.  Renzo Piano prides himself on his careful attention to materials, and 565 Broome is no exception with an austere material palette that accentuates the quality of those selected. The overall design and approach to the project is an expression of key materials. Design is characterized by low-iron, extra wide glass and “tube” shaped living spaces in select residences which are a character of Renzo Piano

Interiors are designed by renowned firm RDAI who take a similar approach to their work as Piano, highlighting craftsmanship and materials. At 565 Broome, they have found beauty in natural materials such as stone,  white oak, glass, and concrete. RDAI is known for its work in global Hermes and Saint Laurent stores.

Select residences feature master baths with tubs positioned to capture the wonderful downtown skyline. You do not need to be perched on the 96th floor to have great views! This view of the World Trade Center is iconic.

Listings by Douglas Elliman Development Marketing

If you are interested in any of the bathtubs or properties, please contact us directly. We will help you attain these bathtub goals! 

A Look Inside Zaha Hadid's First New York City Residences

A modern architectural marvel is nearly complete along The Highline in West Chelsea. 520 W 28th Street is the late Zaha Hadid's first project in New York City. The building by the Related Group is slated to open this summer.

They recently unveiled two model residences, and we took a look inside Residence 20, a 4 bedroom home situated on The Highline side of the building with views of the The Highline and the Empire State Building. The model has been elegantly designed by Jennifer Post.

520 W 28th Street

Zaha Hadid 520 W 28th New York City

520 W 28th is very iconic of Zaha Hadid's signature style. The design of the building is characterized by graceful curves that draw inspiration from nature. The facade of the building, with its rounded windows, is a contrast to the hard angles that typically dominate residential real estate. 

The facade of the building creates a chevron pattern, weaving the interior and exteriors of the residences into one free-flowing design. The south side of the building is being transformed into an area that will house new galleries and a sculpture garden. 

The building is comprised of 39 hand-crafted residences to which Hadid paid careful attention, incorporating her signature touch throughout. The most notable element is the curved windows in some of the rooms.

Zaha Hadid New York City

Kitchens are custom design be Hadid in collaboration with luxury Italian brand, Boffi and feature a unique island sculpted from white marble and formed millwork and Gaggenau appliances. Master baths are finished with hand-selected white marble with a freestanding six-foot sculptural bathtub by Teuco Guzzini with fixtures by Dornbracht.

Amenities

520 W 28th includes a luxurious package of amenities for its residents. There are four separate amenity spaces and concierge services provided by Luxury Attaché. Amenities include a gym by The Wright Fit, 75-foot  swimming pool with natural light, North America's first private IMAX theater, and an entertainment lounge with a private Highline terrace. 

Residents and guests are immediately greeted in style with the sculpted front desk and 34-foot feature wall in the lobby. It makes a stunning statement!

520 W 28th Street

Residence 20 

4 Bedroom | 4.5 Bath | $15,000,000

Zaha Hadid Model Residence

About Zaha Hadid

Zaha Hadid was born in Baghdad, Iraq and studied mathematics. In 1972, she moved to London to attend the Architectural Association School, marking the start of her foray into the world of architecture. 

Hadid founded Zaha Hadid Architects in 1979 and completed their first building in 1993 in Germany. Since, she has completed projects around the globe and has held numerous guest professorships at elite universities. Her work shed a new light on modern design and has grabbed attention around the world because of her use of fluid design.

Hadid was awarded the Pritzker Architecture Prize in 2004. She has also been included in lists such as Forbe's "World's Most Powerful Women" and TIME's 100 Most Influential People in the World. 

Hadid passed away suddenly from a heart attack in Miami on March 31, 2016 at the age of 65.

Lust-worthy NYC Apartments with Outdoor Space Perfect for Spring

In a city as crowded as New York, space certainly comes at a premium and so, too, does private outdoor space. Outdoor space is a highly sought after amenity in the city, and private space is even more desirable. 

With the spring season here, it will soon be time to get outside and enjoy the warm weather and longer nights. Private outdoor space offers residents a way to "escape" from the city while taking it all in at the same time. Terraces and balconies are a place to relax, enjoy views, entertain, and dine. 

Here are some of the most luxurious, lust-worthy apartments currently on the market in New York City with outdoor spaces that are giving us some serious spring fever!

11 Beach Street- PH B

$22,500,000

Exclusive Sales and Marketing by Douglas Elliman Development Marketing. Via

Exclusive Sales and Marketing by Douglas Elliman Development Marketing. Via

11 Beach Street, developed by HFZ Capital, is bringing a true Tribeca sensibility to the neighborhood thanks to its vision by BKSK Architects with interiors designed by Thomas Juul-Hansen. The building plays on the classic Tribeca "feel" with modern design elements incorporated throughout. The building features an exterior facade of rustic brick with the addition of classic terra cotta reinterpreted in a modern fashion.  A sculpted interior courtyard provides an architectural surprise on the interior of the building while creating a light-filled atrium. At the base of the courtyard, a glass pyramid allows light to flow to the concourse amenity level.

The homes embrace the loft-style living for which Tribeca is known with open living spaces and elements such as oversized casement windows and rustic wide-plank flooring. Kitchens are done in cerused oak with Miele and Sub-Zero appliances while master baths are clad in hand-selected Walter Zanger marble. 

Both penthouses, A and B, feature thoughtful private outdoor space, however, penthouse B has very impressive terraces. The 4 bed, 5 bath home is comprised of 5,985 interior square feet with 1,947 square feet of exterior space. The exterior space consists of both a private terrace as well as an incredible private roof deck.

56 Leonard Street- PH 53

$35,000,000

Exclusive Compass Listing of Leonard Steingberg & Toni Haber. Via

Exclusive Compass Listing of Leonard Steingberg & Toni Haber. Via

56 Leonard Street has become one of the most recognizable buildings in the New York City skyline, designed by world-renowned architects Herzog & De Meuron. 56 Leonard is recognized for its unique construction that features cantilevered residences, making the building appear like at "Jenga Tower." Because of the design, many residences feature private terraces.

Perched at the top of the building is an extraordinary home currently on the market, PH 53. Penthouse 53 is a 4 bed, 4.5 bath home over 6.400 interior square feet with 1,708 exterior square feet. The home features a wood-burning fireplace, workout room, 3 walk-in closets, and multiple terracesHowever, the most important terrace is over 1,000 square feet in size and offers incredible views of the Manhattan skyline and well beyond. 

56 Leonard has over 17,000 square feet of amenities with a gym, pool, media room, and private dining and catering spaces. 

151 East 58th Street- 34B

$42,000/MO

A Victoria Shtainer Team Exclusive Listing

A Victoria Shtainer Team Exclusive Listing

It is possible to find private outdoor space in a rental- the coveted amenity is not just for owners. 151 E 58th Street, 34B is a 4 bed, 3.5 bath home at the luxurious One Beacon Court condominium in Midtown. The home is comprised of 3,009 interior square feet with a large 1,200 square foot terrace that offers Northern, Eastern, and Southern exposures. 

One Beacon Court is known for its spectacular views, and this apartment comes with them both inside and outside. The terrace offers views of Central Park, the 59th Street Bridge, and the Manhattan skyline. 

Amenities at One Beacon Court include a private courtyard, fitness center, concierge, lounge, and business center.

The Woolworth Tower Residences- 31A

$26,400,000

Exclusive Sales & Marketing from Sotheby's International Realty. Via

Exclusive Sales & Marketing from Sotheby's International Realty. Via

Situated at the gateway to Tribeca by City Hall Park, the Woolworth Tower has been an icon of the downtown skyline since its completion in 1913. The building was originally commissioned by retail titan FrankWoolworth, and has had a storied history. 

French architect, Thierry Despont,  is masterfully transforming the top 30 floors into a boutique collection of 33 luxury residences ranging from 1- 4 bedrooms and an impressive 7 story penthouse at the pinnacle.  In his transformation, Despont is paying great attention to detail and paying homage to the building's landmark status and heritage as well as its Beaux-Arts design. 

The homes feature gracious layouts with high ceilings, oversized windows, as well as eat-in kitchens, and luxurious master baths sheathed in Calcutta Prima marble. The residences enjoy expansive views and the beautiful terra cotta ornamentation that surround the windows.

Residence 31A is a 4 bed, 4.5 bath home with 5,991 interior square feet and 632 exterior square feet. Because of the ornate design of the top of the building, residence 31A has unique terraces that are built into the building.

200 East 59th Street- 15A

$4,740,000

Listings of Macklowe Properties. Via

Listings of Macklowe Properties. Via

200 East 59th Street will be rising on the corner of 59th Street and 3rd Avenue, bringing a new luxury condo tower to the area. The project is by Macklowe Properties of 432 Park Avenue fame. 

Based on the current proposal and renderings, the building is slated to have a unique metal basketweave base that will certainly be attention grabbing from the street. The residences at 200 E 59th Street are characterized by units that have deep, continuous wrap around terraces. The architectural design of the building moves all the columns from the interior to the exterior, freeing up space inside the apartments. 

Residence 15A is a 2 bed, 2.5 bath home with 1,416 interior square feet and 548 exterior square feet. 

Amenities are slated to include a fitness center, private dining room and lounge, and a common landscaped and furnished terrace.

30 Park Place- PH 77B

$18,875,000

Exclusive Sales & Marketing by Corcoran Sunshine. Pictured: Loggia of PH 78B courtesy of Joe Woolhead

Exclusive Sales & Marketing by Corcoran Sunshine. Pictured: Loggia of PH 78B courtesy of Joe Woolhead

The private residences of the newly opened Four Seasons Hotel New York Downtown, 30 Park Place, have the bragging rights of claiming the highest outdoor spaces in the city. You may remember the unveiling of the model penthouse, 78B, which had a large southern-facing loggia.

While 78B is not available, there are a collection of notable residences available that include various outdoor spaces high in the sky. One such residence is penthouse 77B. Penthouse 77B is comprised of 3 beds and 4.5 baths over 3,173 interior square feet. The unit contains 2 separate terraces totaling 186 square feet of exterior space high in the sky. The views from atop 30 Park Place are simply stunning, no matter what the exposure. Residents can enjoy views of the skyline, Harbor, and well across the rivers into New Jersey and Brooklyn. 

30 Park place is designed by Robert A.M. Stern and comes with a collection of amenities that only hotel-style living can offer such as a pool, spa, fitness center, and in-home dining from Wolfgang Puck's CUT restaurant. 

70 Vestry Street- 9S

$22,500,000

Exclusive Sales & Marketing by Corcoran Sunshine. Via

Exclusive Sales & Marketing by Corcoran Sunshine. Via

70 Vestry has already made its mark on Tribeca, and it is not even complete! The project by Robert A.M. Stern is the last waterfront parcel of land to be developed in Tribeca, and the residences designed by Daniel Romuladez are simply stunning. 

The luxurious property has already garnered celebrity attention and residents! Select homes have private outdoor space with river views that cannot be beat...imagine spring sunsets on the Hudson!

Residence 9S, a 4 bed, 4.5 bath home is currently on the market in the building. The home is comprised of 4,355 interior square feet with 522 exterior square feet. 9S has 2 separate river-facing terraces. This residence features a windowed, eat-in kitchen, gracious entry foyer, and a great room with a wood-burning fireplace. 

70 Vestry will offer residents an expansive amenity package which includes a private porte-cochere and a health & wellness center expanding over 8,000 square feet that will have an 82' pool and squash court. 

5 Most Expensive Homes for Sale in the World

Sometimes we think New York City real estate prices are sky-high, having seen apartments sell for $100 million, however, some of the most expensive homes for sale in the world are outside of Manhattan. 

From a fashion designer's sprawling Côte d'Azur estate to a handbag titan's ultra-modern (and lavish) Bel-Air mansion, the one thing these properties have in common is a price tag that can shock even the most jaded of us all. For some properties at this price level, little details are known as owners want to maintain the utmost privacy, only sharing details and photos with serious buyers. 

Hold on to your seat as these properties are simply jaw-dropping. 

1. La Villa Les Cèdres- $1.06B

Saint-Jean-Cap-Ferrat

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Last August, Les Cèdres, in the glitzy French Riviera town of Saint-Jean-Cap-Ferrat, hit the market asking an astronomical 1 Billion Euros. The asking price makes this storied villa the most expensive home in the world. The 10 bedroom home that comes with 30 horse stables and a 35-acre private botanical garden was once the home of King Leopold II. The home was later  acquired by the Marnier-Lapostolle family of the Grand Marnier dynasty, but was turned over to Campari last March when the company acquired Grand Marnier. The gardens are considered to be one of the most valuable aspects, aside from its location, of the home, being deemed a national heritage site by the French government. 

2. Le Palais Bulles- $455M

Théoule-Sur-Mer

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According to the listing at Christie's, the price of this French Riviera home is "upon request", however, multiple sourced have reported the asking price to be $455M. The home, owned by French fashion designer Pierre Cardin, is comprised of 12,916 square feet of interior space with 10 bedrooms. The design is composed of a series of pink terra cotta orbs joined together, with each orb being a different room of the house. This design element is what gives the home its futuristic feel. You might recognize the home as it was the location of the Dior 2016 Resort Collection fashion show. 

3. 18 Carlton House Terrace- $380M

London

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Little is known about this London property that hit the market with a huge price tag to go along with it. The 19th century mansion is comprised of approximately 50,000 square feet and is situated in a prime London location, moments away from Buckingham Palace, Piccadilly Circus, and Trafalgar Square. The property is believe to be owned by a member of a Middle East royal family. It has been reported that an exclusive brochure was created that was only circulated to the super wealthy, however, it contained old photographs as the owner did not want to reveal his possessions for privacy reasons. 

 

4. La Tour Odeon Penthouse- $335M

Monaco

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This Monaco penthouse takes the prize for "most expensive apartment" given its staggering asking price of $335M. La Tour Odeon is Monaco's tallest building, and the 5-floor penthouse occupies floors 45-49 of the building. The apartment is comprised of 31,500 square feet with a roofdeck that includes its own private pool complete with a waterslide. The fact that the home is in a brand new, amenity-rich (private Mercedes shuttle service) makes it rare in Monaco. Wealthy individuals flock to the principality because of its non-existent tax policy. Imagine watching the Grand Prix from this vantage point!

5. 924 Bel Air Road- $250M

Bel Air, California

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When handbag titan Bruce Makowsky's recently completed Bel Air mansion hit the market in January, it received the name of "most expensive home for sale in the U.S.". This over-the-top mansion is comprised of 38,000 square feet with 12 bedrooms and 21 bathrooms. The ultra-wealthy buyer of this home will also receive a laundry list of luxury items throughout the home. This list includes $30M worth of cars, millions of dollars worth of art, and Roberto Cavalli table settings to name a few. Don't worry, Makowsky is including a staff of 7 for two years in the purchase price to keep the property running. 

6 Starchitect Designed Buildings You Need to Know

A collection of  star architects, or "starchitects", has emerged as the leading group of designers for everything from residential buildings to public works and museums. Residential buildings  bearing their names are coming up from New York to Miami and around the globe. Starchitects have been responsible for the "branding" of buildings and real estate. We have seen consumer preference shift toward branding in other segments and product categories, and now, we see the trend in real estate with high-end consumers being attracted to a "branded" building. 

While there are myriad factors that influence a buildings value such as location, functional design, and state of the market, starchitect designed buildings have seemed to maintain their value, or increase in value compared to those that are not branded in a similar way. 

New York City residential real estate is certainly participating in the Starchitect Boom. Here are 6 projects designed by Starchitects that are influencing the NYC real estate market you need to know:

100 E 53rd - Norman Foster

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100 E 53rd Street by Foster + Partners is a new glass tower coming to Midtown East, situated next to the iconic Seagram building. The building is comprised of a nine-story base which contains luxury loft apartments and amenity spaces. A 63-story tower adjoins to the base, bringing the building to a striking 711 feet with an exterior glass curtain facade.

The 94 homes have a light and airy feel thanks to the glass curtain wall and large living spaces which include wall space optimized for art displays. Loft residences incorporate architectural elements  that are reminiscent of sleek and sophisticated downtown spaces including diamond-polished high-grade concrete flooring and architectural concrete walls. Finishes include brushed oak cabinetry and Gaggenau appliances in the kitchen, and a wire brushed  oak vanity, radiant heated floors and steam showers (select residences) in the master baths. 

Amenities will include a wellness center equipped with steam room, sauna, and spa as well as a swimming pool, lounge, and library. Acclaimed Michelin Star chef Joel Robuchon will be bringing a restaurant to the location. 

About Foster + Partners: British based firm founded in 1967 that is known for its work on a variety of projects including public infrastructure, airports, civic and cultural buildings, offices, and private homes. They have buildings in six continents. The Pritzker Prize Jury described Norman Foster as “an architect who cares passionately about the future of this planet, an avowed optimist with a firm belief in technological progress, but who also believes that architecture is about people and the quality of life.”

520 W 28th Street- Zaha Hadid

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520 W 28th Street is the late Hadid's only project in New York, and thus, has an inherent special value to it as it brings her signature elements along the High Line. The design is based on graceful curves inspired by nature that are a constrast to the hard angles generally seen in residential architecture. The hand-rubbed metal facade is one continuous line that works its way toward the sky. The curves of the building create a distinct chevron pattern on the exterior of the building, linking residence exteriors and interiors together in one sweeping movement. 

The building is located directly on the High Line and will be comprised of 39 residences, with each loft-like home uniquely crafted and featuring a custom sculptural element in an elegant opalescent finish. Interiors integrate seamlessly into the sculptured nature of the building from the kitchen islands to the terraces. Kitchens are custom designed by Zaha Hadid in collaboration with Italian kitchen specialists, Boffi, and include wide plank oak flooring and Gaggenau appliances. Master baths are characterized by white marble contrasted against black crosscut Nero Marquinia marble with a freestanding six-foot tub by Teuco Guuzzini. 

Amenities will include a 75 ft sky lit pool, private iMax movie theater, wellness level, and lounge and entertainment suite with a High Line terrace.

About Zaha Hadid: London based firm, Zaha Hadid Architects, known for their innovative exploration of design and practice is largely recognized for their work outside of the United States. Founding partner, Zaha Hadid, received the Pritzker Prize in 2004. Her project at 520 W 28th Street is the firm’s only project in New York, and sadly, remained uncompleted at the time of her sudden death in 2016. The first has 950 projects in 44 countries.

160 Leroy- Herzog & de Meuron

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160 Leroy draws its design inspiration from the practices of famed Brazilian architect, Oscar Niemeyer. Speaking of the project, Niemeyer describes the building as "curvaceous, sensual, free-flowing, seductive, and sexy."

160 Leroy will have a white concrete façade with diamond faceted floor-to-ceiling windows that reflect the light and water. The building spans a full city block and will sit atop a bed of light that gives the illusion that it is floating among the streets. 

The 49 residences feature bespoke layouts designed to maximize light and views, and which have also been designed to maximize wall space for art displays. Residences feature wide-plank Larch wood floors from Scandinavia, wood burning fireplaces, and custom designed bathrooms, each unique from the other.  Custom furniture packages and layouts available for purchase have been curated by French designer Christian Liaigre.

Amenities at 160 Leroy will include a 70 foot pool and whirlpool spa, fitness center, yoga & pilates studios, private massage room, kids’ clubhouse, and a gourmet take-out and delivery restaurant.

About Herzog & De Meuron: Founded in 1978 in Basel, Switzerland by Jacques Herzog and Pierre de Meuron, whose careers closely paralleled one another. They received the Pritzker Prize in 2001 and New York Times Magazine called them “one of the most admired architecture firms in the world” in 2006. The firm is known for their transformation of materials and surfaces through exploration of new treatments and techniques. The firm is also involved in other NYC residential projects including 56 Leonard and 70 Vestry.

53 W 53- Jean Nouvel

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53 W 53 is a new tower coming to Midtown, rising 1,050 feet above The Museum of Modern Art. The design features multiple different tapered surfaces that pay homage to the classic towers that built the New York skyline but which also serve as a vision of the skyscrapers of the future.

The building is comprised of 145 residences with interiors by Thierry Despont that include bespoke kitchens and baths as well as elegantly crafted mahogany doors. Kitchens include custom back-painted glass cabinets with polished nickel detailing design by Thierry Despont, Sub-Zero and Miele appliances, and polished Statuary marble countertops. Masterbaths feature luxurious finishes throughout such as Verona limestone floors, Noir St. Laurent marble feature walls, Lefroy Brooks cast iron soaking tub, radiant heated floors, and Dornbracht fittings.

Building amenities will include a 65 foot lap pool, wine vault, library, park view lounge, and wellness center.

About Jean Nouvel: The Parisian based firm is one of the most celebrated across the globe, having completed projects including museums, concert halls, opera houses, hotels, and luxury residences. Nouvel has a long standing career that goes back to the 1970s, with the establishment of Ateliers Jean Nouvel in 1994. Jean Nouvel has built museums, concert halls, conference centers, theaters, hotels, collective housing, office buildings, commercial centers, and private residences around the globe. Received the Pritzker Prize in 2008.

565 Broome Street- Renzo Piano

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565 Broome Street is Renzo Piano's first residential project in New York City. He brings his iconic design and approach to this luxurious residential project located in SoHo. The 30 story building will stand out in the SoHo landscape, set alongside its smaller scale neighbors.  Renzo Piano prides himself on his careful attention to materials, and 565 Broome is no exception with an austere material palette that accentuates the quality of those selected. The overall design and approach to the project is an expression of key materials. Design is characterized by low-iron, extra wide glass and “tube” shaped living spaces in select residences which are a character of Renzo Piano

Interiors are designed by renowned firm RDAI who take a similar approach to their work as Piano, highlighting craftsmanship and materials. At 565 Broome, they have found beauty in natural materials such as stone,  white oak, glass, and concrete. RDAI is known for its work in global Hermes and Saint Laurent stores.

Amenities include a private gated driveway, outdoor landscaped terrace, 55 foot swimming pool, fitness center, lounge, and library.

About Renzo Piano: Italian architect Renzo Piano is known for his refined approach to his work which can be seen around the world. He received the Pritzker Prize in 1998 with the Jury comparing him to the likes of Leonard Da Vinci and Michelangelo. He founded his firm, Renzo Piano Building Workshop, in 1981. Piano is most celebrated for his work in designed the Centre Pompidou in Paris. In New York, he has also designed the NYT Building and the new Whitney Museum.

125 Greenwich Street- Raphael Viñoly

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Details are limited and aspects have changed multiple times since the original permits were filed with the Department of Building, but we do know some details about the glass tower that is rising just below the World Trade Center site. 

125 Greenwich Street is slated to rise 898 feet (70 stories) according to the Vinoly Website, and include 273 condos. Vinoly reduced the height down to 70 stories from the permitted 88 out of respect for the neighboring 4 WTC tower. At 88 stories, it would stand taller than 4 WTC.

The building will include a large floor plate which will allow for more generous apartment layouts. The exterior will be done in a glass façade which will extend more than its structural mass to the site base with two I-beam shear walls supporting the building core and eliminating the need for all but four of the interior columns The building is designed to resist the wind and will feature open-air, hexagonally shaped mechanical floors similar to the open-air concept seen at  Vinoly's 432 Park Avenue.

Amenities, situated on the upper floors, are  slated to include a fitness center, spa, squash court, library, demo kitchen, and tech bar.

About Raphael Vinoly: Uruguayan architect who founded Raphael Vinoly Architects in 1983 with offices around the globe including New York, London, and Buenos Aires. Vinoly has designed buildings and museums around the world and is most recently recognized for his design of 432 Park Avenue in New York.

 

 

Five 2 Bedroom Apartments on the Market Under $2.5M

Shopping around the Manhattan market for a 2 bedroom apartment and wondering what is out there? With real estate, the biggest saying is always "location, location, location." Of course, availability and value for your dollar strongly depends on, you guessed it, location!

We've rounded up a few different 2 bedroom Compass exclusives currently on the market in different neighborhoods around the city so you can see what a budget of $2.5M could get you at the moment. The following selection of properties are sourced from the Upper East Side, Upper West Side, Midtown East, Greenwich Village, and Tribeca. 

First, a look at the average price per square foot of active listings in these neighborhoods for 2 bedroom apartments...

2 Bedroom Manhattan price per square foot

The data reveals that, based on the median price per square foot of active 2 bedroom listings, your dollar buys you more in some neighborhoods versus others. As you can see, if you want to live in an area like Tribeca, it could cost you significantly compared to the average in the Upper East Side. It is important to note that these are medians and price per square foot can vary greatly within a neighborhood depending on the building type, condition, and location within the specific neighborhood.

The selection of listings below shows how size and PPSF can vary depending on location within the city. 

200 Chambers Street, 2D: 

$2,275,000 | 1,214 sq ft. | $1,874 per sq ft 

Common Charges: $1,562
Real Estate Taxes: $1,219

200 Chambers is a full-service luxury building with a selection of amenities including a pool, gym, and 24-hour doorman.

200 chambers street 2D

555 West 59th Street, 25C: 

$2,400,000 | 1,211 sq ft. | $1,932 per sq ft

Common Charges: $1,510
Real Estate Taxes: $1,420

The Element is a luxury condo with amenities that include a pool, gym, basketball court, and 24-hour doorman. 

555 W 59th St 25C

188 East 76th Street, 4D: 

$1,550,000 | 1,183 sq ft. | $1,310 per sq ft

Common Charges: $1,698
Real Estate Taxes: $974

Building amenities include a fitness center, sauna, and building concierge.

188 East 74th St 4D

305 East 51st Street, 3F: 

$2,475,000 | 1,596 sq ft. | $1,551 per sq ft

Common Charges: $1,623
Real Estate Taxes: $1,011

The Halcyon is a brand new, luxury condo in Midtown East with an expansive amenity offering. 52' heated pool, children, library, and sky lounge.

305 E 51st St 3F

25 5th Avenue, 8F: 

$2,499,000 | 988 sq ft. | $2,529 per sq ft

Common Charges: $1,230
Real Estate Taxes: $789

25 5th Ave 8F

Looking to explore real estate and see whats on the market that meets your criteria in real time?

Introducing Compass Collections

Compass Collections

Collections, developed by Compass, is real estate's first visual workspace that streamlines the home buying process. Tell us your criteria, and you will received a curated collection of apartments that match your interest. Furthermore, we can collaborate in real time with comments, and invite others participating in your home search to join as well!

5 Best Upper East Side New Developments

5 of the Best Upper East Side New Developments

Upper East Side New York City

Many think of Park Avenue Co-ops and beautiful townhomes when they think of the Upper East Side, however, the area is experiencing a new development boom. New development projects are bringing sophisticated, sleek residences with the best amenities available to the classic and iconic neighborhood. 

We have narrowed the list to a few of the best projects in the area- in no particular order.

Upper East Side New Development

1. 180 E. 88th Street
 

Developer & Architect: DDG Partners

Size: 2-4+ bedroom condos

Amenities: wine room, play room, game room, partial basketball court, fitness studio

Other Features: Façade features handmade bricks from Denmark. Ceiling heights up to 14’ 2” and 28’-8” in duplexes and windows up to 9’

2. Citizen 360

Developer & Architect: Anbau, SHoP Architects

Size: 1-4 bedroom condos

Amenities: Entertainment level including catering kitchen, entertainment suite, playroom, screening room, multimedia studio, Wellness level with fitness and yoga studio, private parking

Other Features: Comprised of 84 residences

3. 389 E 89th

 Developer & Architect: Magnum Real Estate Group, Ismael Leyva Architects

Size: studio-3 bed condos

Amenities: residents’ lounge, the rooftop, fitness center

Other Features: Interiors by Paris Forino, named Manhattan’s fastest selling new development

 4. 20 East End Avenue

Developer & Architect: Corigin Real Estate Group, Robert A.M. Stern

Size: 2-6 bedroom condos

Amenities: billiards & game room, wine cellar, library, fitness center and spa, junior lounge for kids

Other Features: handset limestone base, wifi enabled floor heating system in select residences, motor court

5. The Kent

Developer & Architect: Extell and Beyer Blinder Belle Architects

Size: 2-5 bedroom condos

Amenities: drawing room, indoor pool & sauna, fitness center, “Camp Kent” for children, garden salon, sound lounge designed by Lenny Kravitz

Other Features: Interiors by renowned design studio Champalimaud, tax abatement

 

We live in the neighborhood and understand property values and what makes the Upper East Side special. 

Ready to call the Upper East Side Home? Get in touch with us for the most up-to-date neighborhood insights and the best pricing!

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Note: All Images from respective building websites

Lower Manhattan Continues to Thrive

Lower Manhattan

In the Manhattan Residential Real Estate market, the buzz is all about downtown. It seems like almost everyone wants to be downtown, close to some of the best cultural, shopping, and dining options, situated in the most desired neighborhoods of the borough.

The economic expansion, and quite frankly, revitalization of lower Manhattan since 9/11 is astounding, and has had an enormous impact on the city as a whole, especially in recent years with hallmark projects finally coming to fruition. Today, lower Manhattan continues to thrive with brand new destinations for world-class shopping, dining, and, of course, living. The Financial District was one of the hardest hit by 9/11, but also has seen the greatest revival in the post 9/11 era.

Why People Are Attracted to Financial District

The Financial District attracts a mix of residents from Wall Street professionals that work close by, to students of city universities and people that love the convenience of the neighborhood. The neighborhood has virtually every subway line to connect you to any area of the city and is positioned for easy access to both the West Side Highway and FDR Drive as well as Holland and Brooklyn-Battery tunnels for those with cars.

Not only is FiDi convenient from a transportation standpoint, it is also located near some of the best and hottest neighborhoods of the city including TriBeCa, SoHo, and the Seaport District. TriBeCa is seeing new development including the popular 70 Vestry and 443 Greenwich Street while the Seaport District is seeing a revitalization spearheaded by the Howard Hughes Corporation’s development of the area, bringing the arrival of notable venues such as iPic Luxury Theaters and a Jean-Georges food hall. The area is also home to the much talked-about 1 Seaport development.

The Financial District, however, has been at the heart of the revitalized downtown and the center of what many are calling the “New Downtown.” The arrival of The Oculus, Brookfield Place, and the continued completion of the World Trade Center site are attracting people to the neighborhood. Even large corporations such as Conde Nast and Spotify are calling the neighborhood home. Additionally, this week restauranteur Danny Meyer announced that he will be launching a $30M restaurant, bar, and event space atop 28 Liberty Place.

While the area is certainly more crowded during business hours with working people, the area has a neighborhood feel. Financial District has great public schools, and is close to many parks. You will find runners out in Battery Park and Hudson River Park year-round, and people enjoying the sun and biking in warmer months. Additionally, the Seaport is only moments away which offers many spaces to relax outdoors, shop, and dine. 

Living in the Financial District

 The Financial District offers a mix of new construction as well as conversions. Additionally, the neighborhood has both rental buildings as well as condos and co-ops. Notable new development occurring in the area includes Macklowe’s conversion of 1 Wall Street which has already signed Whole Foods as a tenant, the ongoing conversion of 101 Wall Street to luxury condos, and the recently constructed 50 West.

50 West Street

50 West Street

Standing over 780 feet tall, the glass tower located at 50 West Street has changed the lower Manhattan skyline. The 64-story structure is visible in all downtown skyline photography and is visible driving into the city from New Jersey or coming in on the ferry. The tower, designed by acclaimed architect Helmut Jahn, features unique floor-to-ceiling, curved glass and offers spectacular views of the harbor and New York City skyline.

Residences range in size from 1 to 5 bedrooms and feature interiors that have been elegantly designed by Thomas Juul Hansen. Throughout the building there is a unique collection of duplex units as well as units offering stunning double-height spaces.

50 West offers residences an array of amenities spread across 4 dedicated floors. Amenities include an expansive fitness center, Water Club, unique children’s space, office space available for purchase, and an observatory located on the 64th floor. The views from the observatory are jaw dropping to say the least!

Views from the Observation Deck of 50 West Street

Views from the Observation Deck of 50 West Street

50 West is ready for immediate occupancy.

Currently Available at 50 West:

50 West Street, 20B: The Victoria Shtainer Team is pleased to offer one of the unique double-height residences available for rent. Be the first to live in the stunning new building and experience the New Downtown in luxury with residence 20B, available immediately.

50 West Street, 20B

 

Interested in living at 50 West Street or Experiencing the New Downtown?

Simply fill out the form below to get in touch!

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What Makes Townhomes Unique in New York City

NYC Town Homes

When thinking about or discussing the New York City residential real estate market, condos and co-ops are what often comes to mind. It is easy to forget that a third type of property exists in the market because condos and co-ops, or apartment-style living, is what many think of when they think of city living. However, the third type of property that exists, townhomes, are quite unique and special. 

So what attracts people to townhouse properties in New York City?

Privacy

Townhouse living offers and elevated sense of privacy for some buyers because the home is entirely yours. People will not see you in the common lobby, elevators, or any shared space that exists in a condo or co-op. Similarly, there are no doormen or concierge at a front desk that see you coming in and out of your home. 

Additional privacy comes from the fact that there are no neighbors above or below you to make noise or complain about noise that you may be making. Private outdoor space such as terraces and backyards is solely for the use of the owner, unlike common outdoor space in condos and co-ops which is an amenity for the entire building. 

Compass Listing at 357 W. 17th Street

Compass Listing at 357 W. 17th Street

Vertical Living

Most people are attracted to townhomes for the simple fact that they are houses in the middle of the city. With that being said, townhomes offer traditional vertical living. While this is not for everyone, some buyers like the feeling of a traditional home. This aspect can change one's mindset because when one enters a townhouse, one feels an escape from the bustle of the city...perhaps forgetting it is situated in one of the most bustling metropolitan areas in the world. 

Ownership

Owning a townhome is different in many facets than owning a condo or a co-op. It is similar to a condo in that the owner has a title to real property, unlike share ownership in a co-op, but it differs in that a townhouse is "free standing" with no common areas shared by other owners. Townhouse owners only pay real estate taxes- there are no monthly common or maintenance charges.

This biggest aspect of townhouse ownership is the freedom that comes along with it. Freedom takes on many forms such as no board approval for moving in, tenants, or renovations, and no financing restrictions that one might see on a co-op property. 

Compass Listing at 73 Washington Place

Compass Listing at 73 Washington Place

It must be noted that the freedom of townhouse ownership also comes with increased responsibility, namely all burdens of upkeep and daily operations fall on the owner. Things like inspections, taking out the garbage, cleaning sidewalks in the winter, and handling all repairs become solely the owner's responsibility. There are no live-in supers or porters like a condo or co-op would have. 

Value & Selection

The value of townhomes varies depending on myriad factors, most notably, however, width and location. The standard width of a townhouse in New York City is between 18-20 feet. Anything above 25 feet wide is considered a mansion, and is rare, thus making it much more valuable. 

Additional items that can increase a townhouse's value amenities such as elevators and garages. An elevator can reduce the impact of vertical living for those buyers that are accustomed to condo or co-op living. An on-premise garage is highly coveted, allowing the owner to keep their car on the property, for use at their convenience, without additional garage expenses. 

greenwich village townhouse

 

The most coveted townhomes are usually found on the Upper East and Upper West Sides as well as the Village. When shopping for townhomes, there are various choices to match different buyer taste profiles. Selection spans the gamut of gut renovation ready to triple-mint renovated homes with all the conveniences for today's modern lifestyle. It is worth noting that some homes are considered historic, and thus certain details such as the facade cannot be altered. If you are buyer looking to make renovations, it is important to obtain this information.

The Victoria Shtainer Team Previews a Greenwich Village Townhouse

The Victoria Shtainer Team Previews a Greenwich Village Townhouse

 

Intrigued by Townhouse Living in New York City?

Submit any questions about townhouses or contact us to schedule your townhouse tour in New York City.

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