Culture

 

Dwell Diaries: 456 Washington Street, 10D

28 February, 2017 posted by: CORE

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Dwell Diaries provides a peek at a “day-in-the-life” in one of CORE’s exclusive listings. From master suites to neighborhood hotspots, our diary doesn’t spare a detail!

Waking up in the master bedroom at 456 Washington Street, 10D is never short of spectacular – especially when you can enjoy unparalleled views of the Hudson River and the Statue of Liberty. Footsteps away, you’ll find a private terrace that boasts the same stunning perspective. Why step out for a latte when you can enjoy a cup of coffee with a view?

Your morning routine is made easy at this top-of-the-line Tribeca condo, thanks to a fitness center curated by Equinox that includes private yoga and a training studio. Should you fancy meeting friends for a workout, why not take a spin at Soul Cycle or practice your boxing skills at The Dogpound nearby? The 550-acre Hudson River Park is also just moments from 456 Washington Street, 10D.

Fortunately, Tribeca never lacks fabulous eateries if dining out for lunch is your preferred afternoon routine. The casual, tavern-like Locanda Verde at iconic The Greenwich Hotel serves up New York history in addition to rustic Italian fare. Bubby’s on Hudson Street is a must for brunch on the weekends. If you enjoy the homestyle American eats there, stop in at the new Southern-style restaurant Harold’s Meat and Three for lunch next time. Craving some culture after a decadent lunch? You’re not far from the Whitney Museum of American Art.

Should you desire a quiet evening at home with the incredible sunsets that abound at 456 Washington Street, 10D, end your day with a barbecue on the beautifully furnished roof deck. If a night on the town is more your style, a wine-tasting at Terroir Tribeca or some artful cocktails at The Bennett might be the perfect final stop before heading home. Spectacular amenities, breathtaking sunsets and proximity to the best of what Tribeca has to offer – what more could you ask for?



 

Commercial Basis: Retail Reality Check

27 February, 2017 posted by: CORE

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Commercial Basis explores how technology, branding and demographic preferences are shaping office and retail real estate in New York City. As these forces break down the barriers from where we live to where we work and shop, Lead Commercial Specialist Alex Cohen assesses the impact on real estate values and opportunities.

I was honored to be a panelist at Columbia Business School’s annual Retail & Luxury Conference on February 17th.  Alongside chef and restaurateur Daniel Boulud and other inspiring entrepreneurs, I debated creativity in retail amidst an environment of disruption.  The conference’s keynote speaker, Geatano Sciuto, President of Fendi Americas, presented Fendi’s successful rebranding (and doubling of business) by blending a change in the “content,” new focus on fashion accessories and uber-luxury and change in the “container” (the store). Sciuto highlighted the development of the Palazzo Fendi Rome flagship into a hub of experiences, combining a ready-to wear store, private shopping suite, boutique hotel and Zuma restaurant as well as the dramatic renovation of the Fendi 57th Street New York flagship (See: Commercial Basis: Shopper as Flaneur) to captivate Fendi’s customers with “surprise and delight.”

I discussed how the new retail reality of ultra-pricey high-street store rents often requires brands to test new retail concepts and new markets with a pop-up to permanent strategy and explained why engaging uni-brand and multi-brand concept stores are the new department stores as formulaic shopping experiences continue to decline in popularity.  Finally, I detailed how brands like Adidas and Uniqlo are thinking about entire building occupancy that can convey their identity and values not only to consumers, but also attract and retain the critical creative class of workers they need to thrive.

Photo credit: Columbia Business School Retail & Luxury Goods Club



 

House Call: 25 Bond Street, 2E

24 February, 2017 posted by: CORE

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THE LISTING
25 Bond Street, 2E

THE AGENTS
Heather McDonough
Lic. Assoc. Real Estate Broker
646-780-5261
heather@corenyc.com

Henry Hershkowitz
Lic. Assoc. Real Estate Broker
646-780-5260
henry@corenyc.com

THE DETAILS
Listed at $10,000,000, this custom crafted 3-bedroom, 3.5-bathroom Noho condo offers award-winning design by acclaimed BKSK Architects, soaring 10’6″ ceilings and two wood-burning fireplaces. The sun-lit great room boasts bronze-cased sliding glass doors that overlook the cobblestone Bond Street. Stop in this Sunday to get a tour of this unique home!

THE HOUSE CALL
Sun, Feb 26, 1:00 – 2:30



 

Hot Topic: The “Average” Foreign Buyer

22 February, 2017 posted by: CORE

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Brokers Adie Kriegstein and Keren Ringler were interviewed for story on the “average foreign buyer in NYC” on Brick Underground. Adie and Keren agree that most foreign buyers are often either using NYC real estate as an investment, looking for an apartment to use as a pied-à-terre or purchasing a home for a child who is studying or working in the city. Check out the link below for Adie’s mention of Related Companies’ 15 Hudson Yards too!

Click here for the full article: Who is the average foreign buyer in NYC?



 

CORE 10: Yury Holohan Herrera

21 February, 2017 posted by: CORE

Yury Holohan

Welcome to CORE 10, an off-the-cuff interview series with prominent CORE figures. Read on to learn more about this week’s guest, broker Yury Holohan Herrera!

  1. Who is the living person you most admire? Anderson Cooper.
  2. Who is the most interesting New Yorker you know? Doug LeClaire. He has been an inspiration and a close friend. He introduced me to the Grateful Dead during my early days in New York City when we worked together on commercials and videos. 
  3. What is your earliest New York memory? The intensity of the city.  I had just arrived here from Venezuela.  I’ll never forget the sea of people coming from all directions. It was exhilarating and unbelievably scary at the same time.  
  4. What is the best advice you’ve ever received? To work smart and realize that opportunity is always there; you just have to be ready to embrace it and take advantage of it. 
  5. What do you consider your greatest achievement so far? My persistence. Moving to the U.S. will always be my greatest achievement. I came to New York City from Venezuela when I was 20 years old, left my mother and 5 siblings behind to, as they say, follow my dream.  I didn’t have a solid game plan but worked and played hard.  I managed some of the finest eateries in the city (The Oak Room, Remi, Nick & Tony’s), transferred my skills over to real estate, both as a career and as an investment and met fascinating people. I was actually recruited by one of the most prominent figures in the real estate industry who was my VIP client!
  6. What are your three most treasured possessions? My Nespresso machine (one morning cup works wonders), my first Gucci loafers (20 years and counting, talk about handling with care) and a gold bracelet with my name on it. 
  7. Name a movie, book or work of art that changed your life. The Alchemist by Paulo Coelho.
  8. What’s your greatest extravagance? I went on a luxury trip to South Africa, and it was the trip of a lifetime. Meeting the people of South Africa was a rewarding experience. Visiting the home of Nelson Mandela who I once met here in New York City humbled me. Next time I visit I will go back as a volunteer. 
  9. What’s your secret talent? Making people laugh, especially in the toughest of times. 
  10. Which words or phrases do you most overuse? “Bellissimo.” My friends tell me I find beauty in the strangest things, but the difference is beauty to me.


 

Spotlight on Sports Illustrated

17 February, 2017 posted by: CORE

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Congratulations Elizabeth Kosich! CORE’s Chief Marketing Officer’s swimsuit line, Elizabeth Kosich New York, is featured for the 7th time in this year’s Sports Illustrated Swimsuit. The classic metallic Betty bikini is worn by model Hannah Ferguson. In previous issues of Sports Illustrated Swimsuit, Elizabeth’s designs have been featured on models Heidi Klum, Chrissy Teigen, Brooklyn Decker as well as professional surfer Anastasia Ashley! Additionally, the 2017 issue features the return of supermodel Christie Brinkley and is the second year plus-size models have been included in the magazine. Model Kate Upton also lands her 3rd Sports Illustrated Swimsuit cover this year. Check out the link below to see the feature and more of this historic issue!

Click here for the full feature: Model Hannah Ferguson Wears Elizabeth Kosich New York



 

House Call: 27A Harrison Street

17 February, 2017 posted by: CORE

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THE LISTING
27A Harrison Street

THE AGENTS
Shaun Osher
Founder and CEO, Lic. Real Estate Broker
212-726-0778
sosher@corenyc.com

Emily Beare
Lic. Assoc. Real Estate Broker
212-726-0786
ebeare@corenyc.com

THE DETAILS
Offered at $7,495,000, this 3-bedroom, 3-bath home is the largest historic townhouse on Harrison Street. Renovated by Dean/Wolf Architects, the townhouse features four levels of living space, not to mention a magnificently designed custom staircase. If you’re in TriBeCa this weekend, be sure to check out this meticulously restored and maintained home!

THE HOUSE CALL
Sun, Feb 19, 1:00 – 2:00



 

Hot Topic: West Chelsea Masterpiece

15 February, 2017 posted by: CORE

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Last week, Daniel Amell and Emily Beare‘s listing at 100 Eleventh Avenue, 19A was featured on CBS New York’s Living Large. Daniel and Emily gave CBS reporter Emily Smith a behind-the-scenes look at the spectacular home within Jean Nouvel’s West Chelsea masterpiece. Check out the link below for a one-on-one tour that features jaw-dropping views of the Hudson River!

Click here to watch the full segment: See Yourself In This Sitcom Star’s Home



 

Best Apartment I Ever Sold: Patrick Mills

14 February, 2017 posted by: CORE

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Best Apartment I Ever Sold invites our agents to share the unique story of their best selling experience to date. This week, learn why Patrick Mills’ sale at 305 West 16th Street, 2H is his best one yet.

While I of course appreciate beautiful design and homes that make you say “wow”, I am motivated more by the relationships I build with my clients and sometimes even their dogs! With that said, when I reflect on the best apartment I ever sold, it’s no surprise that I immediately think about 305 West 16th Street, 2H and the people who sold and purchased it and of course, the dog that lived there.

Apartment 2H at 305 West 16th Street was my 60th transaction in the building and although beautifully designed and well decorated, I really connected with the newly married couple who were selling it. Furthermore, I also found a friendship in the couple who bought it and were just about to get married. And then of course there was Mousse, the sellers’ chocolate lab who was the mascot for this great Chelsea home.

The aesthetic of the apartment was very warm and worldly, decorated with pictures from the sellers’ travels across the globe. A certificate for climbing Mount Kilimanjaro was prominently displayed, and simply being in the space gave a sense that the sellers lived a very full life. On top of all this, Mousse, the sweetest chocolate Labrador you’ve ever met, brought the home to life and filled each room with love.

It was fitting that a lovely couple, just a few months from getting married, came to the first open house and immediately fell in love with the home and Mousse. There was no doubt that the pair felt the warmth and love the sellers had brought to the home. The couple wasted no time and quickly submitted a full ask offer. We closed 45 days later. Since then, the buyers have made this apartment their own and even brought a new mascot, their golden retriever, Bailey!

This was an extremely quick and easy transaction, but it was the people and Mousse that left a lasting impression on this seasoned broker.



 

Trends & Tides: Buying or Selling a Manhattan Co-op

13 February, 2017 posted by: CORE

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Trends & Tides’ takes a look at the ever changing environment of New York City real estate – past, present and future – by offering observations, analyzing perceptions and challenging myths, while giving a dose of reality along the way.

A simple question posed on social media last night made clear that many still long for an explanation of the co-op buying process in NYC. So I am re-sharing this TrueGotham post from November 2009:

Here is a step by step guide of what to expect from the point a contract is sent to a buyer’s attorney until that glorious day at the closing table. And don’t forget to review your closing costs early on in the process so you have no surprises.

1. A contract is sent to the buyer’s attorney from the seller’s attorney from a boiler plate form with attached suggested riders

2. The buyer’s attorney does their due diligence for their client which consists of but is not limited to reading of the Co-op Board minutes, reviewing the building financial statements, offering plan, proprietary lease, and house rules.

3. The buyer’s attorney then marks up the contract with suggested changes and it goes back and forth until both attorneys agree on language.

4. Once the contract is finalized, the buyer will sign and provide a 10% deposit check to be delivered to and deposited in your attorney’s escrow account until closing.

5. The seller will then sign the contract.

6. Once the contract is fully executed (signed by all parties), it is delivered to the buyer and they have typically 30 days to submit their application to the Board with their mortgage commitment letter.

7. The seller’s real estate agent reviews the board application and almost always has to request additional documentation or changes which takes approximately 1-5 business days.

8. Multiple copies of the application are made by the real estate agent and delivered to the managing agent.

9. The managing agent then takes 1-2 weeks to “process” the application running credit reports, etc and then they disseminate to Board members.

10. Board members then review the purchase application and all supporting documentation to determine if they will interview. Members may choose to review and give their opinions via email, they may require a discussion to take place at a set monthly meeting time, or they may decide to review packages together on an as needed basis.

11. Assuming they find the application acceptable, a notice of interview date can come anywhere from 1 week to month after Board receives package from management (this is where a seller can reach out to board to kindly request them to expedite the process).

12. Board interviews buyers

13. Typically approved within 1-3 business days but some buildings take longer.

14. Closing is then scheduled to take place approximately 10-14 days after approval or as stated in the contract (most Manhattan deals NEVER close on the date specified in the contract).

Lastly, it is imperative to mention that banks are also slowing the process considerably these days with tighter lending standards.

So realistically, one should expect a closing of a Manhattan co-op to take approximately 2-4 months from the time a contract is sent out. Having said that, things like holidays, vacations of Board members and other pressing business that a Board may have to address are all factors that can lead to further delays.

Hopefully this will help to manage the expectations of all who are venturing into the sale or purchase of a Manhattan co-op.



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