5 of the Best Buildings Along the High Line

The High Line, a former rail line used to transport goods along the lower West Side, has transformed the West Chelsea area of Manhattan into one of the hottest neighborhoods for new development. Over the past years, developers having been racing to scoop up plots of land adjacent to the elevated park to construct luxury condos.

Today, the High Line is a popular destination for enjoying the warmer months in the city, strolling along and taking in the various skyline views. Additionally, some of the best names in architecture have built condos that are attracting high-end buyers. Below are 5 of the top buildings along the High Line in West Chelsea.

Soori

Situated at 522 West 29th Street, Soori High Line is most known for the inclusions of private pools into the modern design of 16 of the 31 residences.

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QUICK FACTS:

• Greatest number of homes with private pools in the city
• Designed by SCDA
• Ceilings Up to 18 Feet
• Verenna Poliform-designed Kitchens

The Getty

Peter Marino has designed an ultra boutique condo at 501 West 24th Street that only a few lucky individuals will get to call home.

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QUICK FACTS:

• 12 story building consisting of only 6 bespoke homes designed by Peter Marino
• Base will be a museum and gallery holding the private collection of J. Tomilson Hill worth $800 million     
• All floorplans different and decked out in 80 various kinds of stone, marble, and wood finishes
• Penthouse will have a private, rooftop pool 

Jardim

First residential project in New York City by Brazilian architect Isay Weinfeld that will incorporate many lush gardens and landscaping. Located at 527 West 27th Street.

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QUICK FACTS:   

• Gardens/outdoor spaces will be central to the project with a lush, central garden that will connect the development’s 2 towers
• Name is the Portuguese word for garden
• 2, 11-story towers with 36 1-4 bedroom condos – both towers have duplex penthouses
• Pricing expected to start just under $2 million
• Amenities: pool, fitness center, massage & treatment rooms, kid’s playroom, and 38-car parking

520 W 28th Street

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

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QUICK FACTS:

• 39 Residences
• Kitchens custom designed by Zaha Hadid in collaboration with Boffi
• Amenities include: 75 ft sky lit pool, private iMax movie Theater, wellness level, lounge level, and entertainment suite on the High Line

515 High Line – 515 W 29th Street

Located at 515 West 29th Street, 515 High Line will be Soo Chan's, principal of SCDA, masterpiece in West Chelsea.

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QUICK FACTS:

• 11 story condo with curved glass fin facade

• 15 apartments, 5 of which will be penthouses

• Designed by Soo Chan, Principal of SCDA

• Each residence will have direct, keyed elevator access

• Design features include  Bulthaup Kitchens with Gaggenau appliances, custom millwork, and Lutron HomeWorks QS System     

Interested in the buildings above or living in West Chelsea? Contact us to get info on these buildings and to arrange your appointment.

Why You Should Start Looking for your Summer Rental in The Hamptons Now

Thinking about renting a house in The Hamptons this summer? Now may be a good time to begin your search, especially for the 2018 Summer Season. It may seem early, however, it is never too early to start scouting out properties and negotiating with owners to ensure you get the house you want for the summer. Remember, you will have the house for the summer so spend the time and effort to ensure you get what you want!

The Summer 2018 Hamptons Rental season is already off to a quick start thanks to the U.S. Open Golf tournament coming to the Shinnecock Hills Golf Club in June. This event is expected to draw a sizeable crowd and has already resulted in inquiries for rentals on the East End. Additionally, because some owners are now listing properties that they might not have otherwise given the opportunity, now is the optimal time as it relates to inventory selection.

We are expecting the number of transactions to be higher for the 2018 season as compared to 2017 because of a change to the Rental Permit Law enacted by the Town of Southampton. The law was revised to allow rentals shorter than the previous 2-week minimum. There is now a waiver for special occasions and large events which can put a squeeze on the limited hotel inventory in the area. With that said, wealthy individuals may turn to renting a home for their stay during something like that U.S. Open rather then turning to a hotel.

Additionally, we have talked a lot about the changes to the tax code and how it could impact real estate markets. We believe that the tax changes will impact the Hamptons Rental Market by increasing the size of prospective renters looking for property. Most people have now had an opportunity to see how the changes impacted their paychecks and have worked with their tax advisors to forecast their 2018 tax lability under the new guidelines. People are feeling wealthier and, generally, increased wealth leads to people being more likely to and willing to spend money.

Get ahead of the curve and begin your search for a summer rental in the East End now. Inventory is better earlier in the season as compared to later in the season (May/June).

Things to Consider When Looking for a Summer Rental:

• Allow yourself time to find a rental and carefully review all the stipulations, etc. put in place by the land lord

• Questions to consider: do they allow pets? are utilities included? are you, as the tenant, responsible for paying for pool maintenance, gardener, etc.? what is the security deposit? 

• Owner may be more likely to negotiate the rate for the summer if you commit to locking in early (now).

• A good summer rental can make or break the summer, so be sure to do your research before committing

• Read the description thoroughly as well as the amenities. Try using services like GoogleEarth to scope out the property to see if it is located near any 'annoyances' (remember you will be spending the summer there!)

Opportunity to Rent in Southampton

82 Pheasant Close North, Southampton

First time offered on the rental market, this brand new magnificent home with 22' ceilings boasts 9 bedrooms, 8.5 baths and has all one could wish for in a summer retreat. The lower level has a 15 seat movie theatre, wine cellar, arcade, full gym, sauna and steam rooms and 2 bedrooms with 3 baths. Sited behind electric gates with a heated edgeless infinity saltwater pool, asphalt surface tennis court and hot tub, this location is prime as it is close to village shops and ocean beaches. Call for details as they are too numerous to mention. This will not last - contact us below for your private showing today!

Rental Terms:

June: $150,000

July: $350,000

Get Ready for Spring: Best Restaurants with Outdoor Seating

Best Restaurants with Outdoor Seating around NYC

Now that the warmer weather is right around the corner, you’ll notice that many more people are opting to dine at restaurants with outdoor seating. After all, there’s something nice about enjoying your meal outside, where you’re able to take in the views of the area around you while taking full advantage of the beautiful weather. If you’re in New York City or have ever visited the Big Apple, then you’re very familiar with the fact that NYC is an almost absurdly massive city. With approximately 304.6 million square-miles of this concrete jungle to explore, finding a place to settle down in for a simple meal can seem like a strenuous. Now, take the number of restaurants present in New York City and narrow it down to eating spots that have outside seating. The results will seem overwhelming to you, but rest assured: we have a few suggestions here. Here are the best restaurants with outdoor seating around New York City.

Industry Kitchen

Considering the fact that Industry Kitchen was named the winner of OpenTable’s 2016 Diners’ Choice, it comes as no surprise that this restaurant offers delectable dishes and stellar seating. Industry Kitchen provides diners with modern American cuisine that is based on seasonal ingredients. With stunning views of the Brooklyn Bridge and East River, there’s no way that you can have a bad seat at this restaurant.

Gemma At Bowery Hotel

It’s widely accepted that it isn’t truly springtime until outdoor seating is available at this fabulous Italian restaurant located on the ground floor of Bowery Hotel. The outdoor seating at Gemma provide diners with views of the busy city scene, creating an atmosphere that is conducive of stylish downtown dining.

Le District

This French shopping district is also a huge food hall, where visitors can come experience the authentic taste of Paris. Le District market sits right outside of many New York’s popular family-friendly activities that include across-the-way views of the Statue of Liberty and Ellis Island. According to Le District’s website, they are dedicated to delivering the best French cuisine with the best quality and service. One restaurant that can be spotted in Le District is Beaubourg, a ritzy French spot perfect for a meal with your family, friends, and coworkers. In warmer months, Beaubourg is a fantastic place to go to for lunch, as they offer terrace seating. The outdoor seating provides picturesque views of the Hudson River, making Beaubourg a wonderful eating destination for those who like their meals with a view.

Barbuto

This Italian eatery serves up rich and flavorful cuisine and a dining experience truly unlike any other nearby. The garage-style doors, when opened, blur the lines between indoor and outdoor seating. Whenever you’re sitting in this restaurant, regardless of where you are, you will feel as if you are sitting directly outside, enjoying your food and the gorgeous weather.

Shake Shack

You probably weren’t expecting to find a burger chain on this list, but this isn’t just any Shake Shack. It’s the original Shake Shack, which is located inside Madison Square Park. This particular chain was first started in 2004 and was originally presented as a food cart. Today, you can still enjoy a burger and shake at the OG Shake Shack in Madison Square Park and take in the beauty of the park. There isn’t a culinary experience quite like a food cart, so if you’re around this one, definitely take the opportunity to try it out.

Seamore’s

This spot is the perfect place to hit up during the summer months, as its light and beachy atmosphere perfectly fits the gorgeous summer weather. With it’s hardy clam chowder, fresh poke, fish tacos and happy hour oysters, Seamore’s is fantastic for seafood lovers everywhere. The outdoor seating area suits the overall beach-themed vibe of the restaurant, as the colorful patio is embellished with striped beach umbrellas.

Rosie’s

If you’re ever in the mood for the robust flavors of Mexico, Rosie’s is the perfect fit for you. During the warmer months, tables are spread out from the restaurant’s garage-style doors onto Second Avenue. Rosie’s is a colorful and vibrant culinary experience with an impressive array of beloved Mexican dishes.

Cecconi’s Dumbo

This spot is a classic Italian restaurant that serves up lunch, dinner and weekend brunch. Join them for a wood-fired pizza, pasta, and other delicious Italian dishes. Located in Brooklyn Bridge Park, this upscale eatery only offers diners the best dining experience with quality Italian cuisine and service unlike any other restaurant in town. Cecconi’s Dumbo offers both indoor and outdoor seating; however, the place you’ll want to be enjoying your food is outside, as the restaurant provides waterfront views of the iconic Manhattan Skyline.

Grand Banks

Named “Best Outdoor Dining in NYC” by The Village Voice and the “Best Oyster Bar In NYC” by the New York Observer, Grand Banks is definitely the most ideal outdoor eating spot that you can visit in New York City. The seasonal oyster bar serves fresh seafood entrees and drinks aboard the historic wooden schooner, Sherman Zwicker.

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For more information on local cuisine in your potential new neighborhood, contact your local real estate agent today!

Guest Blog by Jeremy Alderman

7 Mistakes First-time Homebuyers Make

Buying your first home can be one of the most stressful decisions as it is most likely the largest purchase of your life. As a first-time buyer, you feel pressured to have everything go exactly as planned, ultimately ending up in your dream palace in the sky. Throughout the purchase process, we see first-time buyers make mistakes that affect his or her ability to land the property of his or her dreams.

Below is a list of 7 mistakes frequently made by first-time buyers. Partner yourself with an educated broker, and you will soon be on the way to calling your dream house home!

1. NOT HIRING A BROKER:

First-time buyers, especially those that are unfamiliar with transacting in real estate, have a large misconception that if they hire a broker, they are going to have to pay. This is not the case. When it comes to buying, unlike renting, the seller’s agent splits the commission with the buyer’s (your) agent. With that being said, you only stand to gain with partnering with a reputable broker when conducting your home search.

2. LACK OF PRE-APPROVAL:

If you are planning to finance the purchase of your home, it is imperative that you get a pre-approval letter from your mortgage company. This will help you in two ways: 1) you know that you will even get approved and 2) what amount the bank is willing to lend to you. For the latter, some are pleasantly surprised that they are approved for more than they originally thought, while sometimes, the approval may come in lower than expected. This is important, however, so you know at what price point you can shop. Many first-time buyers feel that this is not urgent and say “I will get it later!” The sooner you have your pre-approval in hand, the sooner you will be a competitive buyer in the marketplace. Mortgage pre-approvals are generally valid for 3 months, so even if you don’t find an apartment immediately, you are better prepared for the search by getting the letter from the start.

3. BROKER ACCESS TO LISTING:

This relates to mistake #1 in that, often, first-time buyers believe that they have to go direct (without a broker) to a listing that they are interested in because it is that listing agent’s listing. All brokers have access to all listings. So no matter what broker you partner with as a buyer, they can take you to any listing throughout the city. You will not get a better deal by going alone!

4. INDECISIVENESS:

Buying your first home will probably be one of the most stressful purchases of your life. First-time buyers can suffer from indecisiveness, especially in the Manhattan market which offers so many options. If you find what feels to be the perfect home, bid on it and focus on that apartment. Too often, first-time buyers cannot commit to a property and miss out on a deal that meets their criteria. 

5. EDUCATION:

Hiring a reputable broker is 90% of the equation while the other 10% is on you as the buyer. Be sure to do your homework regarding all the components that go into purchasing a home. How much will insurance be? Utilities? The more you understand what expenses are involved and what the state of the market is, you will know what you can realistically afford and focus your search accordingly. 

6. BUYING DIRECT WITH THE SELLER’S AGENT:

This, too, related to mistake #1- notice a theme? Too often, first-time buyers buy direct (without a buyer’s broker), which can hurt them in the end. It is important to understand that while the seller’s agent is thrilled with a double commission, throughout the entire purchase process they are legally obligated to the seller, not you. the buyer. This means that the seller’s interests are prioritized before yours. Make sure you are represented by a broker that has your best interests at heart so you can feel confident that you received the best deal.

7. UNDERESTIMATE THE COMPLEXITY OF THE PROCESS:

Often when dealing with something we have never done, we have expectations or assumptions of how to approach it and handle it. We see many first-time buyers that underestimate the complexity of the real estate transaction process. The steps of going from offer submission to the closing table is like navigating a minefield. There is a myriad of things that can popup between contract signing and closing that may complicate the deal or threaten it, often things you would not anticipate as a non real estate professional. Your broker will seamlessly guide you throughout the process. 

Why Live on the Upper East Side?

The Upper East Side is known for its neighborhood feel and expensive Park Avenue apartments, steeped in rich history dating back to America’s most prominent families. The Carnegies, 

Rockefellers, and Kennedys have all called the Upper East Side Home. Today, the neighborhood attracts a variety of different demographics and has housing options that span many price ranges.

People are attracted to the Upper East Side and call it home for a myriad of reasons ranging from selection of schools to restaurants, shopping, and culture. It is a great neighborhood for first-time city dwellers as well as established families because of the diversity of properties available in the area. The neighborhood feel of the Upper East Side extends a welcoming hand to all.

Some felt that the Upper East Side was somewhat out of reach because the 4/5/6 was the main artery in and out of the neighborhood, leaving people on the east side of the area having to walk to Lexington Avenue to get downtown. With the opening of the Second Avenue Subway, the neighborhood and all of its perks have become even more accessible, and properties on the far east side of felt a positive impact.

Whether you are looking for home close to great close, coffee shops, museums, or shopping, the Upper East Side offers it all! Download our Upper East Side neighborhood guide to learn more about the neighborhood and why we love it.

Some of our neighborhood favorites include:

Restaurants:

• Mr Chow
• Flex Mussels
• Haru
• Philippe
• Elio's
• Campagnola
• Sushi by Gari
• Jo Jo's
• Cafe Boulud
• Morini
• The Mark Restaurant
• La Goloue
• Jade Sixty

Coffee:

• Nespresso boutique on 74th and Madison
• Joe's Coffee
• Birch Coffee
• Sant Ambroeus

Workouts:

• Equinox
• Soulcycle
• Flywheel
• Rumble
• Hot Yoga
• Ripped

Gourmet Grocery:

• Citarella
• Whole Foods
• Fairway
• Dean & Deluca

Salons:

• Warren Tricomi
• Drybar

Museums:

• Metropolitan
• Jewish Museum
• Frick Collection
• Met Breuer
• Neue Galerie
• Guggenheim

Schools:

• Chapin
• Brearley
• Buckley
• Spence
• Dalton
• Garden House School
• Town
• Lycee Francais

Parks:

• Central Park
• John Jay Park
• Carl Schultz Park

Featured Upper East Side Listings:

 408 East 79th Street, 17AB

Convertible 5 Bed | 5 Bath | $7,395,000

Apartment 17AB is a convertible five bedroom, five bathroom home with a private elevator landing in one of the Upper East Side's best condominium buildings. Meticulously designed by Weitzman Halpern, this 3,836 square foot home with 10 foot ceilings offers soaring views in every direction. Generously proportioned living and entertainment rooms make this home ideal for gatherings and entertainment. The Arcadia was designed by famed architectural firm Costas Kondylis and includes a private gym with beautiful skylight, stretching room and massage room, children's playroom, newly developed teen game room, bike room, storage, library and 24 hour doorman and concierge. 

SEE FULL LISTING

1355 First Avenue, 6th Floor

4 Bed | 4.5 Bath | $6,995,000

The 6th Floor at The Charles Condominium is a spectacular full-floor home with four bedrooms, four and half bathrooms, and complete luxury design work from Interior Design Aman Meeks. At 3,637 square feet, this is truly a special opportunity to own a gracious and pristine condo unit on the Upper East Side.

SEE FULL LISTING

Valentine's Day: Fall in Love with New York City

We love New York City for many reasons. It is the place we call home and live our passion - real estate. It is also full of so many cultures and experiences. Falling in love with New York City is easy, although everyone loves it for a different reason. Perhaps it is your neighborhood, the restaurants, the array of different types of people you meet, museums, or shopping.

Below are some ideas of ways to celebrate the day that is all about love - Valentine's Day. If you are single this year, that doesn't mean you can't have some fun. Grab a friend and take one of our suggestions to fall in love with New York City!

Romantic Things to Do:

Ice Skate in Wollman Rink - Wollman Rink is one of the most iconic skating rinks in the city. Set just inside Central Park off of Central Park South, therink is positioned to take in beautiful skyline views of the 57th Street corridor. Wollman is hosting a Valentine's Day special which includes admission for 2 adults and 2 skate rentals for $35.

The Love Of Chocolate Class - The L'Ecole Valrhona in DUMBO will be hosting a "Love of Chocolate Class" which will teach attendees how to make treats such as macarons and bonbons. The class will be led by an expert chef who will guide attendees as they enjoy chocolatey cocktails, share hors d'oeuvres, and make a Valentine's dessert. For $119 the class includes champagne, a recipe book, apron, and 20% off the Valrhona website.

Romance Under the Stars- This swanky soiree will be held at the American Museum of Natural History’s Rose Center for Earth and Space. It will feature an open bar with cocktails and hors d’oeuvres with a jazz quartet before the show. After mingling, guests will move to the planetarium while Astronomers tell love stories based on the methodology of the cosmos.

L’Atelier de Joel Robuchon: Mr. Robuchon was anointed “Chef of the Century” in 1989 and has become the most awarded chef alive. After his Atelier closed in New York City in 2012, he is back in the Meatpacking District! Those who have gone have described the experience at Atelier like none other, finding themselves smiling the entire time throughout the dinner. There are tables that offer views of the kitchen so you can see how the magic happens. Additionally, the interiors are outfitted with a red and black geometric design, perfect for the occasion. A special 4-course Valentine’s Day menu with optional wine pairing is available for $275 per person.

Gift Ideas:

Landeau - Landeau has made 25 the new dozen when it comes to giving a "dozen" roses. The delivery will arrive in a Parisian-style hatbox that makes quite the statement. Roses are available in 8 different colors and varieties. The box is also perfect for reusing as storage or a chic addition to a room's decor.

Vosges Chocolates - Haut Chocolate house led by founder Katrina Markoff who, while studying at Le Cordon Bleu in Paris, became inspired by Truffle Beignets at Place Des Vosges. This, in addition to her travels throughout Europe, inspired her company here in the States and her Travel the World Through Chocolate collections. She has won numerous awards, and Vosges Chocolates is now best known for its use of exotic ingredients such as spices, flowers, roots, and herbs.

Fragrance: Treat your loved one to a new fragrance. Perhaps is your favorite on them or their favorite. We love Creed Aventus for Men with notes of Bergamot and Blackcurrant Leaves and apple. For her, we pick Kilian Straight to Heaven. This sensual fragrance features base notes of Amber Gris and Cedar. It comes in a lockable display case.

Creed Aventus: Creed

Kilian Straight to Heaven: Saks

Fall In Love with New York at The Arcadia

408 East 79th Street, 17AB - 4 Bed (convertible 5) | 5 bath | $7,395,000

Fall in love with New York City with our beautiful listing at the Arcadia on the Upper East Side. Enjoy the exquisite interior design from Weitzman Halpern set against the backdrop of floor-to-ceiling windows with skyline views throughout.

Views from apartment 17AB

Ready to Fall in Love with New York? Arrange a confidential appointment with us to find your perfect home.

What to Expect When Buying a Property for Investment Purposes

Recent stock market volatility have you concerned about your portfolio? Real estate is one of the largest sectors of investment, both public and private. In times of volatility and uncertainty, we are reminded about the safety of a real estate holding. While it could never be guaranteed that something will definitely appreciate in price, the long-term trend suggests that real estate does appreciate in value over the long-run while not being subjective to wild price swings that you might see in an equity.

Many financial planners would argue that real estate should be a holding in any well-balanced portfolio. Additionally, real estate has the potential to create substantial yield while you hold the asset thanks to the ability of renting the property. Thinking about investing in real estate and planning to rent it out? We assist many clients with buying, whether resale or preconstruction, as an investment vehicle to rent out. It is always recommended that you speak to your financial planner and tax advisor to understand the role of real estate in your portfolio and tax situation.

We can help you hone in on an apartment that meets your needs for an investment, and additionally, can help you successfully rent it as we understand what prospective tenants are looking for and what they value.

So, you made your investment purchase and want to rent your apartment, what are prospective tenants looking for? What can you do to extract more value out of your investment?

What Prospective Tenants are Looking For:

Value- The state of the rental market will dictate just how much value a prospective tenant may seek, but value is always something a renter will be looking for. Hire a broker to help position your apartment on the market to remain competitive with other listings in the building and within a similar price range.

• How much are the application fees? Should you consider paying them as a concession to remain competitive?
• Will you pay the broker’s fee?
• What are the building amenities? Is access to them an additional fee?

Aesthetics- While this is something more personal, we do see, however, that the majority of renters are looking for a unit that offers light and some views as well as an overall clean condition. If you bought preconstruction, your unit should be in brand new condition for the first tenant. On the other hand, if you bought a resale unit, be sure to make sure the unit has a clean appearance to attract as many prospective tenants as possible.  They will be paying attention to things such as:

• Condition of bathrooms, kitchen, and flooring – are edges of doors, counters, etc. clean? Do the appliances function properly? Is the flooring cracked?
• Does the apartment need a fresh coat of paint?

While some of these may seem like small items, they ultimately influence a prospective renter’s decision to pick one apartment over another, especially if they are deciding between units within the same building.

Ways to Extract Additional Value out of Your Investment:

There are additional ways to squeeze a bit more rent out of your unit and also have an increased likelihood to win over a prospective tenant as they are shopping around. While some of them are an expense upfront, they are some of the most common requests we see from prospective renters. Thus, you will most likely recoup the cost of these investments into your property.

• Consider building out the closets to maximize storage with systems such as California Closets
• Install Electric Shades/Window Treatments
• Ensure the washer/dryer are good machines. It may be worth it to upgrade the machines from the base units that came with the apartment

Hiring a broker will be crucial to maximize the rent received. They are able to position your apartment on the market to appeal to the right audience and spend the time to understand the intricacies of the board package and fees.

• Price correctly! Rely on your broker’s expertise to price correctly so you can rent sooner rather than later.
• Get the condo leasing application to review the fees. That way, your broker can speak to prospective tenants about all fees associated with the unit. Additionally, this is important to understand in case you need to offer concessions to remain competitive
• Good photos matter!
• Get a floorplan of the unit to place online with the listing

We currently have a wonderful selection of apartments on the market for rent:

50 Riverside Boulevard, 11L

4 Bed | 4.5 Bath | $24,995/MO - View Listing

One West End Avenue, 28C

3 Bed | 3.5 Bath | $14,995/MO - View Listing

188 East 64th Street, 2603

1 Bed | 1 Bath | $3,995/MO - View Listing

Additionally, we have successfully executed leases for our clients around the city including:

• One Beacon Court - 32C, 39D, and 34B
• 255 East 74th Street, 5B
• 20 Pine Street, 1007
• One57

Questions about investment in property with the goal of renting the unit for income? Contact us to arrange an appointment to discuss your goals and we can tailor a collection of units to meet your needs.

Escape the Cold: The Best of Miami Real Estate

For those in the Northeast East and Midwest, winter can be quite brutal and feel seemingly longer than any other season of the year. The winter season thus far has been brutally cold in New York City, yet those looking for an escape only have a 2.5-hour plane ride to be transported to sun and sand.

Miami is often times referred to as the 6th borough of New York City given the quick and easy plane ride. Some of the hottest developments are under construction or nearing completion in South Florida. Similar to New York, some of the biggest names in architect and design are backing these new projects in Miami.

Looking at the Miami luxury market, we see some similar themes to what we have previously shared for our outlook for the Manhattan luxury market. One of those is opportunity as a result of uncertainty. There is no doubt that cranes have been dotting the South Florida skyline from Sunny Isles to Brickell. Some of these projects have foreign investment, with a large proportion in Miami being from South America, which has caused concern for some as it relates to foreign exchange rates and the ability of those invested to maintain their stake and close. We do not feel overly concerned about this, but rather look at the opportunity of a Buyer’s Market that has resulted in South Florida and the opportunity to purchase some of the best product the area has seen at the best prices.

The Victoria Shtainer Team is pleased to market 3 of the most notable new developments in the Miami area – The Ritz Carlton Residences Sunny Isles, Muse Sunny Isles, and Echo Brickell.

The Ritz Carlton Residences Sunny Isles

The Ritz Carlton Residences is a collaboration between some of the best names in the industry including development by Chateau Group and Fortune International, Architecture by Arquitectonica, design by Michele Bönan, and lifestyle services by the renowned Ritz Carlton Hotel Company. The property is situated on 2.2 acres with 250 feet of pristine beachfront. Rising 52 stories tall, the Residences will be a new landmark along the Sunny Isles shore, positioned between Bal Harbour and the Aventura Mall. The property will be managed by the Ritz Carlton Hotel Company, offering residences an unparalleled collection of lifestyle amenities and services. 

Notable Features:

• Each Residence has a private elevator lobby
• Italian designed kitchens outfitted with Gaggenau appliances
• Ceiling Heights clear 10 feet in residences and 13 feet in penthouses
• Very extensive amenity and service list including cabanas with butler service, club level lounge and fitness center, housekeeping, yacht charter, and restaurant
• Ocean, City, and Intercostal views

We are pleased to market one of only a few of the crowning penthouses in the building. Penthouse 5002 is a full-floor 5 bedroom comprised of 6,085 interior square feet with 3,730 exterior square feet. 

Residence Features:

• Ceiling height clearing 13'
• Summer Kitchen
• Enormous Terraces
• Private Garden
• Private Swimming Pool
• Service Quarters
• Italian designed kitchen with Gaggenau appliances including wine cooler and cappuccino maker

Muse Sunny Isles

Muse, a monumental gem in the heart of Sunny Isles Beach, co-developed with partner S2 Development, offers the most unique living experience.  Soaring more than 650 feet high, this boutique residence will offer curated amenities and large living spaces exclusive to only 68 residents. With a focus dedicated to the highest level of luxury, comfort, and service, Muse is a boutique oasis, reflecting the grace and style of the discerning few who call it home. Muse offers residents’ unobstructed views and a variety of spacious floor plans from two to five bedrooms starting at 2,360 square feet. In addition, Muse consists of two- full floor penthouses with five bedrooms, four and a half baths, a den and a service suite totaling more than 5,800 square feet. With east and west views, these penthouses have been built for only two lucky buyers. The residences at Muse are delivered fully finished, with up to 12' ceilings with floor-to-ceiling windows, outdoor living spaces complete with summer kitchens, 2 private elevators with biometric technology, marble/wood floor throughout, and a midnight bar in master suites.

Notable Features:

• 12-ft ceilings with floor-to-ceiling windows
• Outdoor living areas spanning 60 feet
• Interior design by Antrobus + Ramirez
• Wellness Living from renowned Deepak Chopra
• Amenities include vanishing edge infinity pool, fitness center, resort-style poolside food and beverage service, and automated parking system

Echo Brickell

Echo Brickell is the result of a first-time collaboration between conceptual designer Carlos Ott and the esteemed innovators at yoo Studio. With only 180 residences, Echo Brickell is the most exclusive architectural icon south of New York. Echo Brickell will further distinguish itself by offering larger floor plans than those that are typically found in the Brickell and Downtown condominium markets.  Featuring a variety of one-, two- and three-bedroom floor plans from the 9th to 42nd floor, 28 opulent penthouses will sit atop the highest floors of the sculpturesque tower. Echo Brickell’s state-of-the-art residences will redefine the standard of excellence for South Florida high-rise living. 

 Notable Features:

• Residences delivered fully finished with high tech security
• Expansive terraces
• Ceiling heights between 10-14 feet
• Top penthouse designed by acclaimed architect Carlos Ott
• Amenities include 4,000 square foot fitness center, spa, resort-style poolside food and beverage service, and pet walking services.

Interested in these properties or others in South Florida? Contact Us:

 

NYC Restaurant Week: Everything You Need to Know

Everything You Need to Know About NYC Restaurant Week

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If you have ever been to New York City, New York, you know that there is prestigious food at every corner. But for a price. The city that never sleeps is saturated with many people which means high demand, and ultimately, higher prices on food and things to do around the city. No need to worry. The food is incredible. New York City knows this and wants to allow people to be able to get the incredible savory food for a cheaper price. This is where New York City restaurant week comes in. Twice a year, the New York City restaurant week is held to allow people from all over to come and try delicious food for a fair price. However, there are many things to consider when attending the restaurant week.

What qualifies a restaurant

There are just about 400 restaurants that participate in the infamous restaurant week. Not every restaurant is able to participate though. In order to participate, NYC takes a few things into account. The chef’s background, the overall restaurant rating and reviews, and awards or other information. This makes it something that restaurants desire to become a part of. On top of that, the restaurant must offer a discount of 20 to 50 percent off the regular menu price to be picked.

The discounted food is pre-chosen

The menu will be chosen by the restaurant which is known as a prix fixe menu. It must include a three course meal and three choices for appetizers, three choices of entrees, and at least two dessert options. All participating restaurants will price their three-course prix fixe menus at $29 for lunch and $42 for dinner. You should be aware that not all restaurants will offer dinner and lunch at a special price. That’s why one should check ahead of schedule. You could also come across some restaurants with discounts on drinks as well. It is delightful to be able to have a choice of what kind of food you can have. You will also be able to find the NYC restaurant week dining guide in all participating restaurants a week before the event. Just keep in mind that beverages, gratuity, and taxes are not offered in the price.

Times

Restaurant week will take place from January 22, 2018 to February 9, 2018. During this time, you will find all the affordable, awesome meals. Just be sure to reserve your spot because all restaurants will most likely be very packed. Just in case one is looking to walk in, the discounts still apply.  There is a little bit of a catch. The restaurants will not offer the discounts on Saturdays, and Sundays are completely optional.

How to ensure a good time

Restaurant week is packed and hectic. You want to be sure that you could have the best possible experience. Most would start with choosing the kinds of foods they would desire to eat. This will help you get closer to which restaurants to choose. If you already have a specific restaurant in mind, then you should set your sights on it. Once reservations open (January 8th) you should try to book that specific restaurant immediately. Try to keep your options realistic. It might be very stressful to get a restaurant that is very prestigious and just ruin the thought of it all together. When you make your reservation, try to confirm what exactly they will be serving so you have an idea. Most menus are available for viewing online in advance. 

The best restaurants to visit

Most restaurants are going to be very rewarding when you take in their savory flavors, but you might want the challenge of getting to taste the best of the best. There are lists that you can find all throughout the internet of which restaurants should be chosen. Maybe classic New York City restaurants are on your mind and your taste buds, or perhaps those ranked as the best experience, and taste. There are even lists for getting the options that only go for lunch. No matter what you choose, you are going to find some incredible meals.

The Victoria Shtainer Team Picks:

• Tao Downtown
• Lavo
• Bagatelle
• Fig & Olive
• Mr. Chow

Broadway

How about a dinner and a show? Luckily, this year, broadway week is going on during the same time as New York City Restaurant Week. This will create the ultimate dinner and a show date scene. Tickets will be two-for-one to the best Broadway shows you can think of! This combination of 380+ restaurants and 19 Broadway shows will have you and a partner hitting the city almost every day. Try out this guide to see some awesome combinations of food and Broadway shows. It’s all about the experience in the end. 

All-in-all, the Restaurant Week in New York City is an incredible time. You get to enjoy food from all over that most never thought they could afford. So, whether you live in New York City, or live far away, attending the experience of restaurant week should really be considered. Hopefully, you  will have a wonderful time in the city that never sleeps.

Guest blog by Jeremy Alderman

LEED Certification: Sustainable Developments Building the Future

In a world where global warming and climate change headlines have gained more and more media presence and the top industrial nations gather to discuss climate, sustainability is a topic that is not only top of mind but one that is here to stay.

From corporations to individuals, the movement to live a more environmentally sound and sustainable is a priority for many. The movement towards sustainable living has trickled into the real estate industry in the form of “LEED.” From new developments to existing constructions, LEED certification is a mark representing a degree of sustainability.

So, what is LEED and how is New York City getting on the map with one of the highest LEED certified buildings?

What is LEED?

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You may notice when shopping for real estate in New York City, whether a new development, condo, or rental building, a mark stating that the building is LEED Certified – what exactly does this mean?

LEED stands for Leadership in Energy and Environmental Design and was devised by the United States Green Building Council. This rating system is the most widely used green building rating system in the world, and the LEED certification is a globally recognized sustainability achievement.

The rating system evaluates the environmental performance of a building, and through this process, encourages market transformation. The evaluation looks at things such as materials, water efficiency, and performance such as indoor quality for occupant comfort.

Sustainability has been a growing area of interest for developers to appeal to the needs of environmentally conscious consumers. The biggest development project in New York’s history thus far, Hudson Yards, is, in many way, one of the greenest projects as well.

Hudson Yards

Continued progress on the far west side mega project is something to look forward to in2018. 15 Hudson Yards is expected to top out while construction will begin on the 30 Hudson Yards sky observation deck. Landscaping is expected to arrive around the much talked about Vessel.

What do we expect from buildings that are surrounded by lush, green parks? Sustainability of course! All  buildings within Hudson Yards have been strategically designed in pursuit of the highest levels of certification by LEED.

10 Hudson Yards, the fully rented office building that really put Hudson Yards on the map, is the first commercial office in New York to achieve the coveted Platinum rating from LEED. This is the highest rating available under the program. As one can imagine, the list to achieve this distinguished award is lengthy. Some examples of how 10 Hudson Yards is leading the green initiative include a system for hot and cold water that is twice as efficient as a traditional one and a storm water retention system that is used to water the building’s landscaping.

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The Platinum status of 10 Hudson Yards shows the commitment of the project to be innovative and forward thinking while establishing it as a model of what great buildings should strive to be.

Of course, the Hudson Yards project is not the only LEED certified one in New York. If sustainability is important to you and your next home, we can discuss other buildings that meet the LEED certification requirements. 

Want to live in a LEED certified building? Please contact us.