16 September, 2014 posted by: CORE
Recognized as one of the largest public infrastructure projects in New York City history, the High Line continues to attract thousands of visitors everyday. Currently running from Gansevoort Street in the Meatpacking District upwards to 30th Street, the High Line is now preparing to open yet another portion of the popular elevated park to the public this Sunday, September 21st. With this newest section, the park is growing by 50%. According to an announcement on Friends of the High Line’s High Line Blog, the added Rail Yards section will extend the High Line to 34th Street, between 10th and 11th Avenues. “There’s so much to experience in the Rail Yards section,” says Friends of the High Line Co-Founder Joshua David. “It’s truly spectacular.”
12 September, 2014 posted by: Douglas Heddings
Here we are in the second week of September and the numbers thus far are both telling and expected. Take a look at the charts shown above and below, which show an almost 5% increase in inventory in just the 5 days after Labor Day. In addition, contract signings for that same 5 day period decreased by 2%. It is too early to tell but if history does indeed repeat, we will see a continued increase in inventory and a decrease in contract signings through September. That said, contract signings in October should pick up to a considerable pace as the summer officially ends for all, children are settled into school and the Jewish holiday of Rosh Hashanah will have passed. L’shana Tovah. Read the rest of this entry »
09 September, 2014 posted by: CORE
Marking the official launch of CORE’s latest new development 42 Crosby, The New York Times covered a classic illustration of New York City’s robust luxury residential market. Situated on the corner of Broome and Crosby Streets, the 10-unit Soho building was profiled after unveiling plans to provide private parking to residents for $1 million per space. With space at a premium in NYC, parking is the number one most requested amenity in residential development. “We’re looking at setting the benchmark,” said Shaun Osher. “In real estate, location defines value and parking is no exception to that rule.”
08 September, 2014 posted by: CORE
CORE’s latest new development project at 15 Renwick continues to generate attention, following the launch of it’s marketing campaign this summer. Last week, Curbed showcased the latest renderings of the 31-unit, Soho building, displaying artistic renderings of the lobby and a living room setup. The images released so far illustrate the proposed interior of several units, accented by aristocratic-era characters staged throughout. Developed by IGI-USA, CEO Eldad Blaustein notes that the unique characters and aesthetic of the photos are meant to appeal to “people who are creative, different.”
01 September, 2014 posted by: CORE
Last week, downtown’s increasingly popular Hudson Square was covered by the New York Post in this neighborhood trend piece. Documenting the latest in the area’s growing real estate market, the article provided readers with insight on the neighborhood’s transformation into a coveted Manhattan destination for both tourists and residents alike. CORE’s latest new development project 15 Renwick was profiled, which recently unveiled it’s unique marketing campaign. When asked about the appeal of this 31-unit condominium, Shaun Osher says “The product is different fundamentally than anything on the market right now.”
28 August, 2014 posted by: CORE
As one of Downtown Manhattan’s preeminent new development properties, 93 Worth has continued to maintain its position as one of the most coveted luxury buildings in the city. This week, the Tribeca condominium made headlines after it was named 2014’s best-selling building in New York City, according to Curbed NY. With data pulled by Property Shark, 93 Worth sold more units so far this year than any other development in Manhattan. With a median price of $1,578,288, 73 units have been sold to date since sales launched in 2012.
This news comes on the heels of 93 Worth setting the stage for the Fall 2014 issue of DuJour Magazine. With actress Katie Holmes gracing the cover, the featured fashion editorial piece was shot inside of 93 Worth’s Penthouse 3. With its classically appointed yet modern aesthetic, Katie was photographed inside of the penthouse, with a stunning downtown skyline serving as the backdrop. Check out this season’s cover and more photos taken during the shoot after the jump. Read the rest of this entry »
14 August, 2014 posted by: Douglas Heddings
Perhaps one of the most common misnomers regarding the Manhattan real estate market is that listing in August is unwise, and a waste of time. Most sellers believe that no one is searching for their new home in August and that the market will explode with activity after Labor Day.
After 22 years of selling Manhattan real estate, I can unequivocally state that this couldn’t be further from the truth. Yes, inventory decreases in August, and yes it increases in September. In fact, from July to August of 2013, active listings decreased 6% from 4542 to 4275*. Signed contracts during the same period decreased 18%. This year active listings have decreased by 4% and signed contracts have dropped 34%. These numbers would seem to indicate that perhaps waiting until September is wise but take a look at this:
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30 July, 2014 posted by: McKenzie Foster
Mention the name Wall Street to just about anyone, and they will almost immediately conjure up the image of a banker resembling Gordan Gekko, Jordan Belfort or perhaps picture the Stock Exchange. Even to New Yorkers, the Financial District is thought of as just that. But having moved from Park Avenue South to Maiden Lane, I am rediscovering just how majestic the Financial District really is. It is not only the lifeblood of the American economy, but more locally, one of the most historically rich and culturally diverse neighborhoods on Manhattan Island.
In the wake of Hurricane Sandy, efforts to revitalize the neighborhood have resulted in a complete makeover of New York’s picturesque waterfront. With the addition of new bike and pedestrian paths, restaurants, bars and shopping, The East River waterfront is attracting a high volume of New Yorkers and tourists on a daily basis, and yes, that includes the weekend. New additions to the Financial District include trendy pop-up stores like Dossier Outpost, which not only provides great shopping, but offers free concerts, film screenings and might I add, incredible food trucks.
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23 July, 2014 posted by: Tony Sargent
Photo by Chad Waterhouse
During last week’s Inman Connect San Francisco, I was asked to be a participant on the Luxury Power Broker and the Hear it Direct Broker Wrap-Up panels. Hosting more than 2,000 industry leaders from across the nation, I was honored to take part in this year’s conference, and discuss the latest in real estate trends and technologies. Here are my seven takeaways: Read the rest of this entry »
17 July, 2014 posted by: CORE
With single women buying homes at twice the rate of their male counterparts, brokers throughout the city are noticing the growing trend of women purchasing pricey Manhattan homes for both investment and lifestyle reasons. This week, Katherine Clarke at the New York Daily News profiled three single NYC women, chronicling their search for the ideal pad. According to the piece, single professional women have been more active as homebuyers than men for almost twenty years, with the gap now growing wider. According to data from the National Association of Realtors, single women make up approximately 16% of homebuyers nationwide, while single men account for just 9%. Banking executive Ana Kostreci, one of the three women profiled in the article, purchased a one-bedroom home near Lincoln Center after beginning her apartment search with CORE’s Deirdre De Risi. When asked about her decision to finally buy a home, Ana said “I was always raised to be independent and realistic, and not wait for the white picket fence.”