Monday, March 10th, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

TRD

Social Media’s New Status
The Real Deal
CORE’s Director of Marketing Elizabeth Kosich provides expert insight about the importance of social media within the real estate community.  In regards to content, Elizabeth says “Facebook drives engagement and is a one-stop shop for focus grouping. Twitter is really effective for sharing news and driving traffic, and Instagram is great for visual content,” such as listings.

West Village People
SCENE Magazine
Steve Snider discusses the growth of the West Village and its increasing popularity. “The growth of the Meatpacking District and the opening of the Whitney Museum and High Line all contribute to the trends we are seeing in this area,” says Steve.

A Day in the Life: Emily Beare
The Real Deal
Emily Beare is featured in this profile piece, documenting her day-to-day activities as a wife, mother and real estate broker.



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Thursday, February 20th, 2014

The 3rd and 4th quarter housing reports parallel and reconfirm a market in great need of new product. As reported by REBNY, Jarrod-Randolph_300x300Brooklyn and Queens saw 31% and 40% increases in residential sales respectively, which outpaced Manhattan at 19% over 4th quarter 2012.  These figures have great impact on how the market will perform the first half of 2014, which is traditionally the height of the city’s selling season.

CORE’s Real Time Report highlights four very important market influencers that deserve a closer look.

1.) Overall inventory in Manhattan is down 9%.

Approximately 2,500 new development units hit the market in 2013, 90% of which went into contract or closed.  2014 is slated to see similar numbers. The lack of new product limits options for resale owners, which is exacerbated by tight lending regulations and increased short-term mortgage rates that prevent a lateral move or trade up.  These aspects will continue to keep the housing stock depressed. (more…)



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In this month’s issue of The Real Deal, Emily Beare was recognized in the magazine’s Data Book supplement.  As one of New York City’s most well-respected and successful brokers, her rental deal at 15 Central Park West was listed as one of the top transactions of the year, priced at $125,000 per month.  In today’s Q&A, Emily provides insight on the intricacies of this city’s real estate market and her own personal journey within the industry.

Emily Beare

What inspired you to get involved in real estate?
I was at a point in my life where I wanted to do something different and my daughter, Elizabeth, suggested I get my real estate license. I always had a passion for real estate and I was already involved with sales and marketing, so it seemed to make sense to get involved in the industry.

How was your listing at 15 Central Park West different than other deals you’ve worked on?
This listing was different because it is simply one of the city’s most iconic buildings. It was very exciting to work on a property of that level. The building is world-renowned and designed by an acclaimed architect, setting it apart from other buildings. The people that came through the door were some of the most interesting folks I have had the pleasure of meeting.

How do you see the Manhattan real estate market evolving?
2013 was the year of irrational exuberance. It will be interesting to see how 2014 unfolds, with rising interest rates and the uncertainty of a new mayor. Developers are hoping to keep up the pace of these record-breaking numbers, but there may be some push back from buyers. It is difficult to know how deep the ultra-luxury market is. We may just find out in 2014. (more…)



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Monday, February 17th, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

845_UNP_32A_01

Fancy Face-Lift
The New York Times
Jarrod Guy Randolph’s latest listing at 845 United Nations Plaza is featured in this “Exclusive” piece. After a three-year long renovation, unit 32A is now on the market for $25 million.

First Resale in Walker Tower Flipped for Near $3 Million Profit
The New York Times
Reba Miller is mentioned in this exclusive article, as the listing agent of Walker Tower’s first resale deal.

Brooklyn Bridge Park Designed to Draw Locals and Visitors to a Grand View
The Epoch Times
Doug Bowen is featured in this Brooklyn trend piece, discussing the allure of Brooklyn Bridge Park. According to Doug, “It’s become a world-class attraction.”



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Monday, February 3rd, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

levya-pic-final

Ismael Leyva Snaps Up 57th Street Pad in Building He Designed
The Real Deal
Blu Kokin represented Ismael Leyva in the purchase of a three-bedroom home at 207 East 57th Street. Mr. Leyva is also the architect behind the design of the building.

The Next Park Slope? Unique Windsor Terrace Home Sells for Record $1.98 Million
New York Daily News
Doug Bowen made headlines last week as his Windsor Terrace townhouse listing, located at 107 Terrace Place, sold for a neighborhood record of $1.98 million.

Homes for Sale with Spectacular Bathrooms
Bloomberg
Emily and David Beare’s Greenwich Village listing at 23 Downing Street is featured in this showcase piece, highlighted for its sleek bathroom design.



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Friday, January 31st, 2014

bridge

One of the reasons why I love New York is that it allows people to reinvent themselves again and again. A trader can become an actor, an artist a real estate developer and an engineer can become a real estate broker (that would be me).

In my 15 years of working in real estate, I have seen many neighborhoods change and evolve, but none as dramatic and as many times as Williamsburg. In fact, I have seen four monumental shifts since I have been in the business. Here is a breakdown of these significant time periods:

1999-2004: The Beginning. Jackie Himmelstein, a colleague of mine at the time, lived in a rent-stabilized apartment on North 6th Street. She kept telling me how the neighborhood was changing daily and, not having been a resident of the neighborhood, I didn’t understand how that was the case, until my first time visiting. I went to see a friend’s band, Lythion, at the Galapagos Lounge. The loading dock was converted to an indoor pond, which we crossed via a metal bridge to get to the entrance. Walking over, the streets were silent and the neighborhood had a mysterious, cool vibe as an outpost. It reminded me of East Berlin just after the wall fell down and the energy was captivating. Real estate-wise, the building stock prominently featured aluminum siding and rent was cheap. Not much to buy unless you wanted a house right out of Archie Bunker’s Place. (more…)



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Thursday, January 30th, 2014

107_Terrace_Place_01

Known for his in-depth knowledge of all things Brooklyn, Doug Bowen made headlines this week after closing on his exclusive listing at 107 Terrace Place. Located in Brooklyn’s Windsor Terrace neighborhood, the 6-bedroom, 3-bathroom townhouse recently closed for $1.98 million, setting a record in the increasingly popular area.  The New York Daily News was the first to cover the deal, stating that “the previous record in Windsor Terrace was for a traditional limestone townhouse at 18 Sherman Place, which sold for $1.9 million in 2007.”  Known for its suburban feel and local hotspots, Doug anticipates the trend toward Windsor Terrace continuing at a steady rate, especially considering the explosive popularity of Brooklyn. “When a typical brownstone is going for $3 million and even $4 million now, it’s going to push people to Windsor Terrace, and it’s going to push up the prices in Windsor Terrace,” he says.



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Thursday, January 16th, 2014

Known for being efficient and affordable alternatives to increasingly pricey New York apartments, studios have become popular among buyers looking to live in Manhattan and the outer boroughs. As shown in last quarter’s CORE Real Time Report, studio listings have experienced the least significant increase in price, making these apartments even more appealing. Take a look at the following CORE listings for a snapshot of some studio homes currently on the market.

93_Worth_St_studio_03

Where: 93 Worth Street, #307
Size: Studio, 1-bathroom
Asking: $800,000
Listed by: 93 Worth Sales Team

This efficient loft studio features southern exposures, oversized, custom 7-foot windows, high ceilings, private laundry, 7-inch wide white oak plank floors and custom, patina brass fixtures by Waterworks throughout. 93 Worth boasts an original, grand vaulted lobby featuring perforated Corian panels inspired by Tribeca’s historic textile industry. In addition to a 24/7 concierge, 93 Worth’s amenities include a common rooftop with panoramic city views, an open lounge with a pergola and kitchen station, a fitness center, children’s playroom, dog washing station, bicycle storage and private storage available. (more…)



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Monday, January 13th, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

93Worth-VIEW

A Scarcity of One-Bedrooms
The New York Times
93 Worth and 241 Fifth are featured in this trend piece, with expert insight provided by Doron Zwickel on the prevalence of one-bedroom units in New York City’s latest new development projects. “I believe that most of the product in the works is still geared toward the high end and the mega-rich,” Doron said. “I think it would be wise to create more variety.”

CORE Duo Singing Their Way to Success
Real Estate Weekly
Tom Postilio and Mickey Conlon are featured in this profile piece, documenting how the duo stays true to their Broadway roots within real estate.

Have You Heard: CORE Agent Featured on “Selling New York”
Real Estate Weekly
Lisa Graham is mentioned in this television recap piece, following her appearance on the Season 8 episode of “Selling New York.” For more on that episode, take a look at last week’s SNY epilogue here.



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Monday, January 6th, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

landscape

Predicting 2014
The Real Deal
As the new year is now underway, Shaun Osher weighs in on what to expect in New York City real estate throughout 2014.

In 2013, the High End Ruled
The New York Times
Shaun Osher provides insight on the 2013 Manhattan real estate industry, which experienced a surge in demand for high-end properties and new development projects.

The $40 Million Buyer
The Real Deal
Emily Beare discusses the demographics of New York City’s wealthiest real estate players. “These buyers aren’t Harvard Business School graduates with millionaire parents,” said Emily. “They are very savvy and very street smart.”



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