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

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

Has the Second Avenue Subway Line Increased Real Estate Values?

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The Second Avenue Subway line was a long time in the making and captured the New York Metro Area’s media attention for much of 2016-2017. Prior to the opening of the Second Avenue line, the Upper East Side was mainly served by the 4/5/6 subway line on Lexington Avenue. That meant many people living to the east of Lexington Avenue and toward the river had not only a hike to the closest subway, but also it was the only subway option. For this reason, some people preferred to take their real estate search to other neighborhoods with more access to public transit.

Values have Risen

The Second Avenue line on the Upper East Side has been open for a little over a year now with January 2018 marking the 1-year anniversary. So the question begs – has the opening of the subway had a positive impact for real estate in the neighborhood?

Research published by Streeteasy shows that prices in the Yorkville area of the Upper East Side rose year over year. This increase in both rents and sales comes at a time when the Manhattan market is cooling off in some respects. Sales rose 2% in price while rent rose 4% in the 12-month period. For the latter, this increase in rent prices was second only to the Financial District was has very large access to public transit and has been experience and economic rebirth in the post 9/11 era.

Increased Interest

A noticeable increase in interest has been observed in properties on Second Avenue and East because of the subway access. Within the Upper East Side, Yorkville has seen the biggest increase interest thanks to its affordability relative to other sections of the Upper East Side as well as its proximity to the new transit line.

Resale is not the only area seeing positive impacts from the Second Avenue line. Developers also bet on the area, breaking ground on projects before the line was completed and opened. Luxury developments in the area include:

·         20 East End Avenue

·         The Kent at 200 East 95th Street

·         Citizens 360 at 360 East 89th Street

·         389 East 89th Street

Those that took the risk and bought before the subway got a discount and are now reaping the rewards! We expect that the Upper East Side will continue to have a robust market with increased interests.

Second Avenue is home to many great restaurants and bars and new additions keep opening from food to fitness. Some favorite and notable locations along Second Avenue include:

• Quality Eats
• A La Turka
• Maison Kaiser
• Two Little Red Hens
• Ripped

The Victoria Shtainer Team’s Exclusive Upper East Side Opportunities:

408 East 79th Street, 17AB

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

1355 1st Avenue, 6th Floor

4 Bed | 4.5 Bath | $6,495,000

5 of the Best Buildings Along the High Line

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

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

Soori

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

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QUICK FACTS:

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

The Getty

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

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QUICK FACTS:

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

Jardim

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

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QUICK FACTS:   

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

520 W 28th Street

520 W 28th Street is the late Hadid's only project in New York, and thus, has an inherent special value to it as it brings her signature elements along the High Line. The design is based on graceful curves inspired by nature that are a contrast to the hard angles generally seen in residential architecture

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QUICK FACTS:

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

515 High Line – 515 W 29th Street

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

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QUICK FACTS:

• 11 story condo with curved glass fin facade

• 15 apartments, 5 of which will be penthouses

• Designed by Soo Chan, Principal of SCDA

• Each residence will have direct, keyed elevator access

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

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

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

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

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

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

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

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

Things to Consider When Looking for a Summer Rental:

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

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

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

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

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

Opportunity to Rent in Southampton

82 Pheasant Close North, Southampton

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

Rental Terms:

June: $150,000

July: $350,000

Get Ready for Spring: Best Restaurants with Outdoor Seating

Best Restaurants with Outdoor Seating around NYC

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

Industry Kitchen

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

Gemma At Bowery Hotel

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

Le District

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

Barbuto

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

Shake Shack

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

Seamore’s

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

Rosie’s

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

Cecconi’s Dumbo

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

Grand Banks

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

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

Guest Blog by Jeremy Alderman

7 Mistakes First-time Homebuyers Make

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

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

1. NOT HIRING A BROKER:

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

2. LACK OF PRE-APPROVAL:

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

3. BROKER ACCESS TO LISTING:

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

4. INDECISIVENESS:

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

5. EDUCATION:

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

6. BUYING DIRECT WITH THE SELLER’S AGENT:

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

7. UNDERESTIMATE THE COMPLEXITY OF THE PROCESS:

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

Why Live on the Upper East Side?

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

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

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

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

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

Some of our neighborhood favorites include:

Restaurants:

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

Coffee:

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

Workouts:

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

Gourmet Grocery:

• Citarella
• Whole Foods
• Fairway
• Dean & Deluca

Salons:

• Warren Tricomi
• Drybar

Museums:

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

Schools:

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

Parks:

• Central Park
• John Jay Park
• Carl Schultz Park

Featured Upper East Side Listings:

 408 East 79th Street, 17AB

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

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

SEE FULL LISTING

1355 First Avenue, 6th Floor

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

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

SEE FULL LISTING

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

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

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

Romantic Things to Do:

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

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

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

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

Gift Ideas:

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

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

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

Creed Aventus: Creed

Kilian Straight to Heaven: Saks

Fall In Love with New York at The Arcadia

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

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

Views from apartment 17AB

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

What to Expect When Buying a Property for Investment Purposes

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

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

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

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

What Prospective Tenants are Looking For:

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

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

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

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

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

Ways to Extract Additional Value out of Your Investment:

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

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

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

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

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

50 Riverside Boulevard, 11L

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

One West End Avenue, 28C

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

188 East 64th Street, 2603

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

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

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

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

Escape the Cold: The Best of Miami Real Estate

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

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

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

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

The Ritz Carlton Residences Sunny Isles

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

Notable Features:

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

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

Residence Features:

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

Muse Sunny Isles

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

Notable Features:

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

Echo Brickell

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

 Notable Features:

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

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