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Waterfront Development Offers Buyers Yacht Access

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From Manhattan to Brooklyn, developers are snagging up some of the last waterfront parcels to develop what will be the next wave of trophy properties and coveted buildings. Examples in 70 Vestry Street in Tribeca, The XI in West Chelsea, and One Manhattan Square.

In a luxury market that is saturated with inventory, developers are continuing to entice and innovate when it comes to amenity offerings. The latest waterfront property to grab the attention of buyers seeking amenities is One Seaport in Lower Manhattan. What is better than waterfront living coupled with a yacht? Nothing some would argue!

One Seaport, built by Fortris Group, has partnered with members-only yachting service Barton + Gray Mariners Club. Residents will be able to walk out the lobby and onto a Hinckley Yacht. Currently, residents are entitled to 3 complementary yacht excursions a week. There will be an extra charge for fuel and champagne. This amenity for residents of One Seaport packs value as a membership to Barton + Gray Mariners Club would normally set you back $20,000-$50,000 a year.

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One Seaport has been a popular new development in the heart of the revitalized Seaport District, luring buyers with an expansive amenity offering, luxe finishes, and wonderful water views. The residences are completed with luxurious finishes such as gold calcutta marble backsplashes, Gaggenau appliances, and grey limestone in the bathroom. The full suite of building amenities includes a port-cochere, fitness center overlooking the water with Brooklyn Bridge views, and a “Water Club” on the 30th floor with hydrotherapy and a pool.

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The building is currently 75% sold, however, we do expect additional inventory to be released for the fall selling season.

This particular amenity offering comes at an interesting time when the city has been expanding the NYC Ferry System on the East River. Commuters are looking for alternatives to the crowded, unreliable subway system. Many wealthy commuters have opted to take Uber to and from work given the convenience and relatively the lost cost compared to a monthly transit pass.

In an effort to get people out of the crowded subway system and onto the water, the city has pledge some $600 million over 5 years towards the NYC Ferry program.

For those looking to take cruising the East River and beyond to a new level, the private yacht offering at One Seaport is certainly the way to go!