6 Rooftop Bars to Visit this Summer

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

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.

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

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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 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:

A post shared by Arlo Hotels (@arlohotels) on Mar 1, 2017 at 2:06pm PST

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:

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

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

A post shared by The Victoria Shtainer Team (@thevictoriashtainerteam) on Jan 18, 2017 at 6:29pm PST

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

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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

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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

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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

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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 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

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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.

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! 

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

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

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 terraces. However, 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

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

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

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

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

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. 

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...

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.

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. 

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.

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.

25 5th Avenue, 8F: 

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

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

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

Introducing 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!

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5 Best Upper East Side New Developments

5 of the Best Upper East Side New Developments

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.

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!

Note: All Images from respective building websites

Lower Manhattan Continues to Thrive

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

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

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.

 

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

Simply fill out the form below to get in touch!

What Makes Townhomes Unique in New York City

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

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

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. 

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

 

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.