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.
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. Read the rest of this entry »