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6 New Year's Eve Parties You'll Actually Want to Attend

It is time to ring in 2019, and finding a good party in New York can be a challenge - will there is a lot of opportunity for a memorable night, there can also be more opportunities for a disappointment of the party description when you purchased tickets online versus reality.

Standing in Times Square for hours with millions of other people is not everyone’s idea of fun, so we’ve rounded up 6 great parties across the city that you will actually want to attend. Raise a glass to 2018 and say hello to 2019 in style!

Cipriani Wall Street

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Cipriani Wall Street, located in the former home of the New York Stock Exchange, is hosting a New Year’s Eve soiree in true Cipriani fashion – black-tie attire. The iconic venue will offer Bellini’s upon arrival and a 4 course Italian dinner at the Club 55 restaurant. Dinner will be followed by dancing and Prosecco on tap. For those not looking for sit down dinner, last we checked they were offering general admission after 10pm for $60 per person.

Midnight Millions New Year’s Eve

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Head to the Financial District to Trading Post to participate in a murder mystery. Trading Post, whose interiors remind us of prohibition, will be giving guests fake money to participate and deal their way to solving a murder mystery while sipping cocktails before the clock strikes midnight. By making a “deal” with other guests, you get to ask them a question to help you solve the mystery. You’ll feel like a million bucks if you crack the case!

Tickets

Tao Downtown

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One of our favorites – the swanky Tao Downtown – is hosting a New Year’s Eve party that is sure to be a good time. From the large Geisha on the wall to the plush seats and chandeliers, the inside of the Tao Downtown nightclub exudes luxury. Tickets, starting at $200, include hors d’oeuvres, access to a four-hour open bar, and a glass of champagne at midnight.

Tickets

Coupette at Public Hotel

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The Public Hotel quickly became one of the “it” spots of New York nightlife when it opened last fall. Ian Schrager has teamed up with Coupette, which will be taking over Diego inside Public from December 29th-31st. Coupette is one of London’s most popular cocktail bars, and bartenders from the London hotspot will be serving 5 of their favorite cocktails for just 3 days. Jean-Georges will be leading the culinary offerings throughout the evening.

Reservations

Plaza Hotel Masquerade Ball

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Palm Court at The Plaza Hotel is a New York icon synonymous with glamour and old-world New York City grandeur. They will be hosting a black-tie Masquerade Ball New Year’s Eve that is sure to not disappoint as Krug Champagne will be flowing. There will also be aerialists, dancers, a live DJ, and special menu. If you are looking to end 2018 with a bang, this may be an option for you as tickets start around $850 per person.

Contact Palm Court for details and reservations

Mr. Purple

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Located within the Hotel Indigo on the Lower East Side, Mr. Purple is a popular destination for a sophisticated rooftop with great Skyline views. They will be putting on a Burlesque party for New Year’s Eve so find your best fishnets and feather boas to ring in 2019.

Tickets

4 Holiday Markets to Visit In NYC to Get Into the Holiday Spirit

Looking to get into the Holiday Spirit in New York City? From Brooklyn to Manhattan, Holiday Markets pop-up all over the city. Most of them are put on by the food hall/market experts -UrbanSpace. They are a great place to find unique gifts and enjoy festive food and drink. We’ve included 4 of our favorites and most popular.

Bryant Park Winter Village

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The Lodge via

Each year during the Holiday Season, Bryant Park is transformed into a winter village that is the perfect destination to get into the spirit. The park becomes home to a bunch of shops and food pop-ups as well as an ice skating rink and Christmas tree. Shops include artisanal creations from both local and global vendors.

UrbanSpace has created the shops to resemble an open-air style market that you would find throughout Europe. This year, the Lodge by UrbanSpace opened. This pop-up food hall offers breakfast, lunch, and dinner as well as an indoor cocktail bar and outdoor biergarten.

Union Square Holiday Market

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Perhaps one of the best known and most popular annual holiday markets is in Union Square. Each year, a portion of Union Square Park is transformed into an open-air market with more than 100 vendors. Whether shopping for unique gifts or looking for a winter treat such as Max Brenner hot chocolate, this market has a variety for everyone.

Grand Central Holiday Fair

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If you are looking to stay out of the cold, head to Grand Central Station. During the Holiday Season, Vanderbilt Hall is transformed into a holiday bazaar that features over 40 booths offering everything from artisanal ornaments to dog gifts. If you are looking for gifts, this is a great place to go as the booths are focused on gifts rather than food vendors. Did we mention, it is indoors?

Columbus Circle Holiday Market

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The Columbus Circle Holiday Market is in its 15th year with more than 150 vendors. If you are spending the day in Midtown, Central Park, or the Theater District, this is a great option to check out. New this year is a Citi-sponsored holiday lounge with a photo booth and phone charging stations. The market also has a large selection of food and drinks in addition to crafts and gifts.

Guide: Celebrate Father's Day in NYC & The Hamptons

Father's Day is just around the corner on Sunday, June 17th so its time to start thinking about planning a special day for him, or, perhaps, a special gift. Father's Day does not have to mean another tie to add to his collection of hundreds. The Victoria Shtainer Team has curated a list of places to take Dad on his special day in the city and The Hamptons from a boat ride to a baseball game, we have rounded up some ideas to make his day special. 

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Ride the Beast – Operated by Circle Line Cruises,  The Beast is a jet powered thrill-ride on the water. The Speedboat can cruise at up to 45mph – it is powered by twin jet engines after all. The Beast cruises down the Hudson River from Pier 83 to the Statue of Liberty.

Boat Departs Pier 83 at West 42nd Street every hour on the hour from 10AM-6PM. Tickets available online.

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US Open – The 118th US Open is taking place through June 17th at the Shinnecock Golf Club in Southampton.  Ticket options range from a Gallery Ticket which provides grounds access to Shinnecock Hills to 1895 Club which gives ticket holders the ability to access the exclusive 1895 Club of Shinnecock Hills.

Tickets can be purchased online 

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A Day in Coney Island – Head to one of the city’s most popular attractions in the Summer and enjoy a day at the beach, on the boardwalk, or at Luna Amusement Park. Be sure to make a stop at Nathan’s Famous Hot dogs – no trip to Coney Island is complete without it! Rides operate daily during the Summer season. Getting there is easy – simply hop on the D/Q/N or F train to Stillwell Avenue.

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Yankees Game – The Yankees are playing at home on June 17th against the Tampa Bay Rays. What says Father’s Day like watching one of America’s favorite sports with him? It is a 12:05pm game.

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Flashback Art Exhibition- The Hamptons is filled with art galleries, and checking out exhibitions is a great way to pass the afternoon. The White Room Gallery has the "Flashback" exhibition on through June 17th. This exhibition features iconic Portraits and Pop art from artists like Joss Parker, Seek One, David Morico, and Strosberg Mandel.

White Room Gallery: 2415 Main Street, Bridgehampton

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Belgian Pretzels and Beer Class – Le Pain Quotidien is hosting a fun class that would make a great gift for Dad. During the Belgian Pretzel and Beer Class, he will learn how to roll, shape, and bake pretzels with a crispy exterior and doughy interior. After they are done baking, participants will enjoy the creations alongside a glass of Belgian Beer.

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The Tasting House at Sparkling Pointe – Sparkling Pointe Vineyard is celebrating Father’s Day at their Tasting House in conjunction with The North Fork Shack. The Father’s Day event features a tasting of 3 sparkling wines paired with pulled pork sandwiches, pickled watermelon and shallot fries.

Booking can be made online - Sparkling Pointe Vineyard 39750 County Road 48, Southold, NY

 

Wishing a Happy Father's Day to all the Dads out there!

-The Victoria Shtainer Team

Where to Dine in The Hamptons this Summer

The Summer 2018 season is officially here which means New Yorkers will be flocking to the East End to escape the city heat on the weekends. The restaurant scene in The Hamptons is similar to the city in that some stay season after season, some move to new locations, and others no longer make the cut of the discerning crowds. We have gathered up some of the best places to eat in the East End from classics to new spots, from Southampton to Montauk. 

Southampton

Maison Vivienne

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Maison Vivienne is the newest opening in Southampton that is serving up French Provence cuisine by Michelin Star Chef Wolfgana Ban. The venue is comprised of indoor and outdoor seating, herb and vegetable gardens, a bar and lounge, and a small Inn that is comprised of 9 rooms with 2 suites. The Inn, situated in a 17th century Dutch Colonial building offers all the modern amenities guests would expect including access to room service from the restaurant.

Chef Ban is serving up fare that is a modern take on classic southern French cuisine included cote de bouef and roasted heritage chicken for two as well as a salad nicoise. The inside is not go unnoticed with its 20-foot high cathedral ceilings and wine cellar which holds over 2,000 bottles.

Tutto Il Giorno  

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This Southampton restaurant (also located in TriBeCa in the city) is run by Gabby Karan, daughter of designer Donna Karan. She brings her chic décor to the interior and serves up southern Italian dishes including lamb loin carpaccio and rigatoni with sweet and hot sausage. The back patio, filled with umbrellas, is a great place to hang out and becomes a social hub in the summer. The restaurant has been drawing celebrity clientele season after season. 

Sant Ambroeus

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The city favorite is also a favorite on the East End offering both indoor and outdooring seating in the heart of Southampton. Sant Ambroeus serves northern Italian cuisine thanks to its Milanese roots. In addition to lunch and dinner, it is a great spot to grab a proper coffee and conversation.

East Hampton

 Moby’s

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The popular East Hampton scene, which lost its space to EMP Summer House last season, has found a new space to call home. The partners have signed a 2-year lease at the East Hampton Point space at 295 Three Mile Harbor Hog Creek Road. Diners can expect a menu similar to the old Moby’s which served everything from brick oven pizzas to seafood dishes with a few additions. Given the new waterfront spot, we expect an elevated take on the cuisine. The new location is sure to offer great sunsets and views and will also allow guests to arrive via boat.

EMP Summer House

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Last year, the EMP crew took over the longstanding Moby’s space and created quite the buzz with its beachy pop-up. Reservations were only made available to American Express Platinum card holders and some card members even received access to the restaurants brand new BMW 7 series sedans.

The EMP crew will be returning for a second year, serving up the likes of flatbreads, bouillabaisse, and family style dinners such as DIY Tacos or a Lobster Boil. The backyard with games such as corn hole and ping pong remains.

Sag Harbor

Beacon

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This summertime only restaurant located on the water offers the perfect combination – good food and great views. Guests enjoyed the laid-back atmosphere with the deck being the perfect place to grab a cocktail. Beacon is famous for its fish dishes with this season’s menu including items such as halibut baked in parchment paper with sun dried tomatoes, lobster rigatoni, and oven roasted chicken. 

Le Bilboquet

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The Sag Harbor outpost of the Upper East Side gathering spot will be back for another season. The Sag Harbor location is larger than the one in the city you may be familiar with, but be warned that they run a strict door policy. The menu includes all the crowd favorites including the Cajun Chicken. We also recommend grabbing a drink at the bar to enjoy the scene.

Dopo La Spiaggia

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After splitting with Gabby Karan 2 years ago, Chef Maurizio Marfoglia kept the original space of Tutto Il Giorno in Sag Harbor and rebranded it as Doppo La Spiaggia which means “After the Beach.” His restaurant remains a go-to spot and still serves of favorites such as Chicken Under the Brick and homemade pastas including squid ink tagliotini. Menu items include a northern Italian influence such as the seafood stew as Marfoglia hails from Lake Como.

Montauk

Duryea’s

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Duryea’s Lobster Deck has been a Montauk staple for years, however, the restaurant received a facelift in 2016 when billionaire Marc Rowan took over. The waterside location affords it some of the most picturesque views and scenery in perhaps all of The Hamptons. Most dishes are served family-style including the full clambake, lobster cobb salad, and market fish. Of course, the Duryea’s lobster roll is a must try!

Guide: The Best Observation Decks In NYC

In the real estate industry, you can get access to some of the best views. In fact, some of these views you can call home – 12 Instagram Worthy Views from Manhattan Real Estate. If you can’t get into the tallest apartment in the city with the best view, why not take advantage of some of the observation decks throughout the city? Instagram is waiting…

We've put together a few pointers about the most popular observation decks in New York City as well as what we know now about 2 observation decks coming to the city that will literally take things to new heights.

Empire State Building

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Quick Facts

  • Most popular observation deck
  • 86th and 102nd floors open to the public
  • Views of Midtown, the Park, and other iconic buildings that make up NYC skyline
  • 86th floor is not encased in glass or covered with a roof

 How: The Empire State building sells tour packages through its website. The price of admission will depend on the age of the visitor and which floor of the building they would like to go to. Guided tour packages are also available. Decks are open from 8am to 2am daily.

Top of the Rock

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Quick Facts

  • Actually get to view the Empire State Building because you are not on it!
  • Capture the iconic photo of it standing among the skyline
  • Also great views of the park – slightly altered because of the construction on 57th Street!
  • Timed Entry system makes it much less crowded
  • Originally opened in 1933 re opened 2005

How: Sold through the Top of the Rock website and work in a similar fashion in that tickets are priced according to age. There are special add ons available and note – a surcharge exists if you want to go at sunset! Open from 8am to midnight daily.

One World Observatory

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Quick Facts

  • Opened in May of 2015 and offers some of the best views of landmarks because you can even see the Statue of Liberty and Governors Island as you are located downtown
  • Highest observation area in the city at the moment
  • In addition to being able to simply take in the views, there are interactive elements along the way including videos depicting the construction of the tower

How: Prices vary according to age like the other options, and additionally, packages can be purchased. Special packages include options for entertainment and food as well as options to purchase expedited entry. Hours have varied, but spring/summer and the long days the seasons bring tend to have availability from morning until night.

Statue of Liberty

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Quick Facts

  • The Crown of the Statue of Liberty offers an observation deck, however, this is more about the experience itself rather than the views once you climb the 162 stairs to the top
  • Lines can be very long
  • Not that high and located a distance away from Manhattan so views are not as great as from atop the other decks
  • Looking to see the Statue? Consider a Boat Cruise or the Staten Island Ferry

How: Tickets are available through Statue Cruises and vary in price depending on whether it is for a child or adult.

Coming Soon

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30 Hudson Yards: The much talked about Hudson Yards Mega Project has another reason to be talked about – the sky-high observation deck that will be at 30 Hudson Yards. Upon completion, it will be the 5th highest observation deck in the world as it protrudes from the 100th floor of the building.

In addition to the outdoor deck, the Hudson Yards Observation Deck will offer a complete New York experience, offering the opportunity to have a cocktail or host a celebratory dinner. The deck is slated to open in March of 2019.

One Vanderbilt:

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The office building that is rising in Midtown East will have a publicly accessible observation deck similar to that of One World Trade and Empire State. Upon completion, the indoor/outdoor deck will stand 1,020 feet about the ground. Visitors will be able to access the observation deck through Grand Central. Construction on One Vanderbilt is slated to wrap up until 2020 so pricing for tickets has not yet been released.

Things to Do this Spring with your Family in New York City

If it’s variety you seek for spring activities with your family, look no further than New York City. New York is notorious for its countless museums, sightseeing opportunities and parks that are sure to keep the whole family entertained during all of April and May. And although these are offered year-round in the city that never sleeps, there is something extra special about New York in the Spring, when the city is just starting to shake off winter. Here are some of our favorite family-friendly spring activities in and around The Big Apple. 

What is spring without baseball?

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New York is home of the Yankees, one of baseball’s most decorated teams in Major League Baseball. The Yankees’ season is off and rolling already, and they’ll be playing all the way through a hopeful playoff run in October - knock on wood. There’s no better time than the spring to catch a ball game with your family. If you plan ahead of time, you can book a family tour of the stadium before the game and get a behind-the-scenes look at the making of the 27-time World Champion team and their home turf. 

New York is also home base for the Mets and the team will have a handful of home games at their stadium through the spring as well. Both the Mets and the Yankees are some of the most successful franchises in baseball history. The Mets are off to their hottest start in quite a while and have a loaded batting lineup featuring All-Star outfielder Yoenis Cespedes. 

Central Park

Central Park Spring

Take the family on a relaxing walk through one of the most beautiful and famous parks in the world. After experiencing the hustle and bustle of the city, Central park can be a calm place to lounge. If you’re looking for a fast-paced activity, explore bike rentals near Central Park. 

An iconic American food restaurant, Tavern on the Green in Central Park, has attracted prominent people throughout the decades. This dining hot spot has even been mentioned in popular movies like Ghostbusters. Tavern on the Green was recently reopened in 2014 under new ownership.

The Central Park Zoo is open year-round and encourages visitors to get close with a variety of animals. There are viewing opportunities for penguin and sea lion feedings. This is a wonderful spot to take children while on a family spring break trip and makes for a fun, interactive day of entertainment.

Special Spring Events

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Depending on exactly when your family’s spring break is or when you have some time off, major parades and other events will be strolling through the city. For a flower-filled springtime themed day, go to the Orchid Festival, otherwise known as New York’s nod to the changing season. Spring is the season for garden parties, and it’s hard to think of a lush green space more perfect for a booze-filled afternoon than the New York Botanical Garden. The Botanical Gardens will be in full bloom with thousands of orchids through all of April. 

For a rainy spring day, take the kids to visit the Brooklyn Museum. Relive the glory days by stopping by the new David Bowie exhibit that portrays Bowie’s life through pop culture multimedia that includes audio, video and animations that coincide with various items on display. The exhibit features interactive attractions from his early teenage years all the way through his peak of superstardom. 

The land of witchcraft and wizardry returns next week as the popular theatrical play Harry Potter and the Cursed Child – Parts 1 & 2 hits the Broadway stage. Performances for the play began on April 7th and will last through May 13th. Browse online deals for tickets to this Harry Potter spectacle or theater shows around New York City. 

What to Eat

Eataly is a huge Italian marketplace with some of the best Italian cuisine downtown. It’s not exactly the most obscure attraction but it’s a neat little atmosphere with some incredible food and is home to authentic Italian groceries and dining. Eataly is still fairly new to the city, having opened in NY back in 2010, but there are locations all over the world.

Located on the southern tip of Manhattan in Battery Park City is Pier A Harbor House, a beautiful restaurant right on the water. With incredible views at this place, the Harbor House makes for a great family afternoon with tasty seafood and some neat surrounding parks to walk off the buttery lobster lunch.

One of the most popular outdoor restaurants downtown is the Hudson Clearwater in lower Manhattan. Folks dine here in the spring for the Southern Eggs Benedict and seasonal fresh fruit. Though known for its tasty brunch menu, this New American restaurant also offers creative cocktails and healthy vegetarian options. 

 

 

 

 

 

 

 

 

 

Guest Blog by Jeremy Alderman

6 Things To Do in New York This Winter

Things to Do in New York City this Winter

We know it’s cold outside and there are fewer things nicer than watching New York City streets through your frosted window while you cuddle under a fuzzy blanket and drink hot cider, but New York City in the wintertime is worth venturing out into the cold for.

Chill is in the air, but holiday music can be heard on every street corner and the city is aglow with lights and winter decorations that you won’t soon forget. So, tip your doorman and leave the building. Venture to 1251 Sixth Avenue, near Rockefeller Plaza and look out for the glowing giant red orbs reminiscent of pomegranates, or the gigantic Christmas tree ornament sculpture popping out of a city fountain on 6th avenue. There are endless events and festivities as the new year approaches, and unless you have a friend who can get you into The Metropolitan Club, it can be difficult to choose where you’ll spend your time. That’s why we’ve done all the work for you and put together a list of some of the most exclusive activities and events in and around Manhattan and New York City to keep you in the know this winter.

Window Shop on Saks 5th Avenue

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One of the best things to do in New York City during the holiday season is wander through Midtown to check out extravagant window displays at stores like Macy’s, Bloomingdale’s, Saks Fifth Avenue, and more. Every winter, the shops on Saks 5th Avenue compete for the best window display by bringing to life fairy tale panoramas, winter wonderlands, and otherworldly scenes of grandeur and winter cheer. Curbed, a New York Neighborhood guide, curated this user-friendly map of the best holiday window displays in the area, so they’re easier to find than ever.

See the World-Famous Nutcracker Ballet

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Ah, a night of beautiful dancing, magnificent costume design, and high-end musical composition is in store for you at the NYC Ballet’s rendition of the Nutcracker. Running until December 31, this globally acclaimed ballet will delight and surprise regardless how many times you’ve seen the ballet before. All 90 dancers, 62 musicians, 40 stagehands and more than 125 children, in two alternating casts, from the School of American Ballet join forces to make each performance as magical as possible. Tickets range from $89-290, depending on the seats you choose. We recommend sitting as close to the orchestral pit as possible, to get a glimpse of both the dancers and musicians alike.

Enjoy a festive dinner at Old Homestead Steakhouse

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The Old Homestead is the perfect place to flock to on a wintery night with friends and loved ones. Located in the heart of the former meatpacking district, this old-world steakhouse was made famous as the first restaurant in the United States to import Japan’s fabled kobe beef for use as the feature in its sumptuous steak dishes. The interior is plush and comforting, perfect after a chilly evening trek through the city.  Menu features include the Oyster Rockefeller Royale topped with a simmering pernod cream, the filet mignon for two with golden Yukon potatoes, aged cheddar spinach, sour cream and Asian vegetables, and the deliciously famous Homestead chopped salad.

Escape for a Weekend at the Windham Mountain Resort

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The Windham Mountain Resort, a true gem hidden away in the great northern Catskills, is only three hours from New York City and offers everything from skiing and boarding to spa relaxation and delicious dining opportunities. It’s the perfect place to escape for the weekend when you need a break from the droves of winter tourists flocking to New York to see the famous city decorations and the NYE festivities. Packages are varied, so whether you need to play hooky in the middle of the week or want to embark on a weekend getaway, Windham has an option for you to enjoy.

Get Your Groove on at NYC Winter Jazzfest

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Each January, Winter Jazzfest hosts the genre’s top talent over the span of several evenings. Its signature two-night Greenwich Village marathon brings vets and up-and-comers, hordes of music fans and a palpable air of excitement to an array of cozy downtown venues. The shows aren't individually ticketed, so a wristband grants you access to any of each night's shows—as long as venues don’t fill to capacity. This is a model built for venue-hopping and exploration. If your preferred show is full, pull out the schedule, and head to one of the nearby spots for something unexpected. This event happens after the New Year celebrations, which can be a downtime for happenings around the city. So grab yourself a ticket before they sell out and get your winter groove on to combat the post-NYE blues that can set in.

Drink in a Rooftop Igloo

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This is one experience you won’t want to miss. 230 Fifth declares itself “New York's largest outdoor Rooftop Garden and fully-enclosed Penthouse Lounge.” One floor is fully enclosed, while the rooftop garden is open to the sky. If it’s raining, the venue will provide umbrellas and keeps it cozy by heating the place on cooler evenings. This venue is a marvelous place to sip cocktails before making your way to one of many New Year’s Eve happenings around the city, if you need a pre-party.

 

 

 

Guest Blog by Jeremy Alderman

6 Rooftop Bars to Visit this Summer

NYC Rooftop Bars

Outdoor space is highly coveted in the city, especially during the warmer weather months when long days lead to beautiful sunsets over the skyline. We look for outdoor space in apartments, and we also desire it when deciding where to go for a cocktail.

Below is a list of 6 of the best rooftops to hangout in New York City and enjoy a cocktail (or 2) and skyline views from different vantage points. Perched in the sky, you might even catch a breeze to cool you down. Don’t take our word for it, and check out these place:

The Roof

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Situated atop the Viceroy Hotel, The Roof offers a sophisticated space to escape Midtown to enjoy a cocktail and view. The space faces North, offering views of the classic Central Park South skyline as well as the park itself. The interior of the lounge is reminiscent of an old luxury airliner with a menu offering up craft beers, global wines, and classic and modern cocktails that rotate to utilize the freshest ingredients.

The Viceroy Hotel 124 W 57th Street

The Roof at Park South

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Take in views of the Chrysler and Empire State buildings while sipping on quality cocktails at the roof of the Park South Hotel. The space not only offers good views and good drinks, but also good DJs. The menu breaks down cocktails into categories such as “Effervescent and Easy Drinking” and “Fancy”. The space is outfitted with copper siding, orange canopies, and a fireplace.

The Park South Hotel 125 E 27th Street

1 Hotel DUMBO

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Looking for views of the skyline from a different perspective? DUMBO offers the perfect vantage point and the chic 1 Hotel offers the perfect spot from which to gaze. Grab a cocktail or glass of wine and take in sweeping views of the Manhattan skyline from the rooftop.

60 Furman Street

Salon De Ning

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Head to the Peninsula Hotel on 5th Avenue and make your way to the roof for a sophisticated setting to enjoy a drink while looking over the iconic stores of 5th Avenue. Salon De Ning was recently renovated in 2016 and features Hampton-esque aesthetics. The two outdoor spaces are complimented by an interior bar. The space operates on a first come first served basis.

700 5th Avenue

The Press Lounge

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Tucked away in Hell Kitchen on Manhattan’s West Side is the Kimpton Ink 48 Hotel which is home to The Press Lounge. The Press Lounge is a fan favorite for rooftop bars in the city, offering up a swanky space and panoramic views of both the Manhattan skyline and Hudson River.

653 11th Avenue

PHD Terrace Midtown

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Check out the newly expanded terrace of the Midtown outpost of PHD, the popular rooftop of the Dream Downtown in Meatpacking. PHD Terrace, at the Dream Midtown, allows guests to enjoy a different perspective than its sister, namely views of Midtown and Times Square. Word on the street is they serve a 164 oz. Moscow Mule!

210 W 55th Street

College Graduates Face NYC Housing Costs

College Grads Housing Cost

Many college graduates, armed with their diploma in hand, will make the move to New York City to pursue jobs and start their career. One of the biggest obstacles college graduates face with their transition to New York is the expensive cost of housing.

It is certainly a tough battle to fight given the tight labor market which requires graduates moving to where the jobs are vs. jobs coming to them. Median pay for entry level jobs in the city is certainly higher than in other parts of the country, however, the increased compensation still leaves a very large gap for many between income and housing costs. According to WNYC, the median income across New York City is $50,711.

 


The average rent in Manhattan in April 2017 was $3,232.


The general best practice when it comes to housing costs vs. income is a ratio of 30%, or having rent that does not exceed 30% of your monthly income. Based on the recommendation, a new graduate would have to make approximately $130,000 to afford the medium rent in Manhattan. Sounds intimidating, but understanding the basics can help any new graduate navigate the complex New York real estate market and find the perfect apartment.

Whether you end up renting in a condo, co-op (in rare instances), or a rental, building, there are a few general rules of thumb that can be expected across the board:

  •  Income Requirement: The general rule in New York City is that you must make 40x the monthly rent, or 80x the monthly rent if you are using a guarantor. Rental buildings will be stricter with these rules whereas it is ultimately up to the discretion of the condo owner to accept a tenant
  • Security Deposit: Be prepared to have certified check’s for the first month’s rent, security deposit, and broker’s commission.
  • Lease Length: Most buildings will require a minimum of a 1 year lease. There are some buildings that do allow for a 6-month lease.
  • Credit: Most buildings will run a credit check. Strong credit always helps!

Given the general requirements as a new college graduate, what are the options?

  1. Use a Guarantor- Many college graduates do not earn enough to meet income requirements, and defer to a guarantor on the lease. This is usually a parent of guardian who has earning power to meet these requirements.

  2. Savings- Often times, if the income is close to the threshold, but the individual has strong credit history and a substantial savings or cash-equivalent account, the individual will be accepted

  3. Roommates – While many want to say goodbye to roommates after their college days, NYC is a place where even those in there 40s have roommates sometimes. Plain and simple, it significantly reduces monthly housing expenses.

  4. Prioritize – Decide what is important. Would you rather have a nice apartment or live in a better neighborhood than leaving an ample nightly happy hour and weekend going out budget?

  5. Use a Broker – In a market like New York, a broker will be your best asset. They have knowledge of what buildings are willing to negotiate, and can also help find buildings that are giving out incentives such as free months of rent.

We asked team member Jamie Lee who has helped many young adults transition into the city about what she recommends in the process:

“You have to be educated on the different neighborhoods of New York City.  I tell my clients to walk the streets of different areas, spend a weekend day there, and get lunch or dinner to really feel out different neighborhoods and see if they can see themselves living there. “

The Alternative

One alternative option, which is growing in popularity, is savvy parents who purchase an apartment as investment, and charge their children “rent.” Sound crazy?....it is not! In this scenario the parents can get the tax benefits of a mortgage while owning an asset that is likely to trend up in value over the long run. Additionally, the child is paying towards actual ownership in the asset, equity, rather than paying true rent to a landlord that is solely capitalizing off of them.

Of course, buying is a big decision, but one that we are here to walk you through. When it comes to Millennials, Jamie knows that indecisiveness can be very common. Sometimes, she tells them to rent first for a year and feel out an area before taking the plunge, or she makes sure they buy something that can easily be rented out or resold if they decide to move after living there 3 yearsGiven how challenging it can be for millennials to pay rent, imagine how hard it is for them to save for home ownership. In fact, owning a home is one of the biggest challenges Millennials face, as crippling debt and rising rent costs eat away at disposable income. We have a list of 10 creativeways to save for a down payment.

It is important for Millennials not to get discovered, and remember that there are options. Team member Kimberlee Knecht has helped many clients in the early 30s age bracket purchase their first property, and that first property is in New York City.

She points out that

“Condos are more scarce than co-ops from a market composition overall and are also more lenient, and because of this, condos can be 10-15% pricier than comparable co-ops.”

Thus, co-ops can be a great option for a first-time buyer in the city, looking to own that first piece of New York.

Of course, this is just the beginning, and The Victoria Shtainer Team has a wealth of resources and insights that can help breakdown the process, whether renting or buying. Consult our resource library, or contact us to schedule an appointment to discuss your unique apartment needs.

Your Memorial Day Weekend Guide

Memorial Day Weekend 2017

Memorial Day Weekend is upon us, and we are going to be kicking off the unofficial start to the summer season. Whether you stay in the city or spend your summers out east, The Victoria Shtainer Team has curated a list of a few of our favorite happenings in NYC and the Hamptons. From art festivals to the must-try new restaurants in The Hamptons, this list will keep you busy during the long weekend.  

While we cannot wait to kick off the summer season, we also must take a moment to pause and remember the meaning of the Memorial Day Holiday. We would like to thank all of those that serve in the US Armed Forces and continue to protect our country every day. Salute our troops and celebrate the start to summer!

 

New York

 Washington Square Outdoor Art Exhibit:

The bi-annual art fair is returning to the streets of Greenwich village. Browse artwork on display by original artists from New York, the nation, and globally. The fair includes paintings, sculpture, and eco-friendly art and unique pieces that are available for purchase at substantially less than gallery prices.

The exhibit is free admission and will be running May 27-39 as well as June 3-4, 12pm-6pm. University Place beginning at East 13th down the east side of Washington Square Park to West 3rd Street.

 Brooklyn’s King County Memorial Day Parade:

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There are quite a few different Memorial Day parades throughout the city, however, the Kings County Memorial Day Parade in Bay Ridge is the most iconic. 2017 marks the 150th year of the parade. Following the ceremony there will be a 21-gun salute by the U.S. Army at Fort Hamilton. The NYPD and FDNY participate in the march, and antique fire trucks and autos are on display. 

The parade kicks off at 11am on Monday, May 30th at 78th St and Third Avenue in Bay Ridge. Take the R train to 77th St Bay Ridge Avenue or 86th St.

Arlo Hotel Weekend BBQ:

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A great option if you are staying in the city for the weekend. Head to Arlo SoHo for one of the best open bar BBQ parties around town. The rooftop event will have traditional MDW fare such as hamburgers, hot dogs, and tacos complimented by panoramic city views. A DJ and entertainment will round out the event.

Saturday May 27th, 2-5pm. Tickets purchased in advance for $65. 231 Hudson Street

 Lower East Side Festival of the Arts:

 The Lower East Side is known to be a culturally diverse and vibrant neighborhood of the city, making it a great setting to celebrate performing art. Over 100 performers from poets, puppeteers, and filmmakers will take over the Theater for the New City for the long weekend. Saturday’s event also features a streetfair with food and art vendors.

Free Admission. May 26-28 with Saturday’s festivities held outdoos

 Rooftop Cocktails at 1 Hotel:

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Enjoy the long weekend with a relaxing cocktail while taking in wonderful views of the Manhattan skyline. The chic 1 Hotel at Brooklyn Bridge rooftop offers a great vantage point to view the city. Enjoy handcrafted cocktails, a plunge pool, or fire pits on a chilly evening.

60 Furman Street, Brooklyn

The Hamptons

 Montauk Show on the Green:

The 9th Annual Memorial Day Weekend on the Montauk Green is coming to Montauk Village Green. Artisans from throughout New York and the country will be showcasing original creations including paintings, sculpture, jewelry, photography, and ceramics. Admission to the show is free and it will be running Friday 12-6pm and Saturday and Sunday 10-6pm.

Free Admission. 742 Montauk Highway, Montauk

Wolffer Estate Vineyards:

Wolffer Estates Rose

The annual summer events return to the Sagaponack vineyard starting the Friday of Memorial Day weekend.  You will not want to miss summer 2017's first installment of Sunset Fridays and Saturdays at the wine stand with music by Clinton Curtis Friday evening and Mamalee Rose Saturday evening. Enjoy wine by the glass or bottle as well as cheese and charcuterie plates. 

Yoga in the vines will be returning to Wolffer beginning Thursday, May 25th. Some of the Hamptons' best yoga instructors will be conducting classes right in the vineyard. Drop in classes are $25 with packages available for purchase as well.

139 Sagg Road, Sagaponack

Le Bilboquet Sag Harbor:

The popular French eatery on East 60th Street in Manhattan is heading out East. The restaurant, of which Ronald Perelman is a partner, is taking over a prime spot on the docks in Sag Harbor. If the crowd at the Manhattan location is any indication, we expect this is going to be a popular spot! The restaurant is slated to have a crudo bar and feature its signature Cajun chicken dish.

1 Long Wharf, Sag Harbor

Eleven Madison Park Summer House:

The former Moby’s space in East Hampton will be transformed into the renowned 11 Madison Park pop-up for the summer. The restaurant is closing its Manhattan location for the summer to renovate and moving operations out East.

The opening has been the talk of the town as the 3-star Michelin restaurant is making reservations exclusively for American Express cardmembers. The East Hampton location is expected to be more casual than its city counterpart and feature an a la carte menu, indoor dining room, tented area, and picnic tables and games in the backyard. Note: the tent and backyard will be on walk-in basis only.

341 Pantigo Road, East Hampton

Calissa:

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A taste of Mykonos is coming to Water Mill starting Memorial Day weekend. The team of Il Cantinori in partnership with executive chef Dominic Rice (formerly at Narcissa and Jean-George) will be leading Calissa. Rice will be using Long Island seafood to serve up dishes salt-baked striped bass and lobster bucatini.

1020 Montauk Highway, Water Mill