05 June, 2017 posted by: CORE
02 June, 2017 posted by: CORE
15 Renwick Street, TH3
Offered at $5,900,000, this 3-bedroom, 3.5-bathroom multi-level townhouse with an open flow living room features 18-foot ceilings and a private yard. Located on a single-block street, one of only a few in New York City, this home offers a one-of-a-kind tranquil sanctuary. Be sure to stop in this Sunday for a tour of this Hudson Square home!
Sunday, Jun 4th, 12:00 – 1:00pm
31 May, 2017 posted by: CORE
Did you catch our very own Elizabeth Kee, Tony Sargent and Andrea Wells on The Real Deal last week? These agents were interviewed for a feature on the value of fostering a collaborative environment in the world of New York City real estate. Click the link to read what each had to say about the importance of mentorship and its prevalence at CORE!
Click here to read the full article: Winning friends and influencing brokers: How mentors can make or break a real estate career
26 May, 2017 posted by: CORE
160 West 66th Street, PHC
Lic. Assoc. Real Estate Broker
Licensed as Harry G Kendrick
Lic Real Estate Salesperson
Licensed as Arthur Richard Korant
firstname.lastname@example.org Tracey Hung
Lic. Assoc. Real Estate Broker
Licensed as Tracey L Hung
Offered at $5,750,000, this 2-bedroom, 2.5-bath duplex penthouse features truly unrivaled views of the Manhattan skyline and Central Park. Located moments from world-renowned Lincoln Center for the Performing Arts and Central Park, there’s no shortage of luxury entertainment, dining and shopping. Be sure to stop by for a tour of this stunning, rarely available residence on Sunday!
Sunday, May 28, 1:00 – 2:30pm
24 May, 2017 posted by: CORE
Last week, Win Brown’s modern townhouse listing at 257 Berry Street was highlighted in a round-up of properties with “small, private nooks” to call one’s own on Brick Underground. The Williamsburg home offers a mezzanine overlooking the living room that is perfect for reading, watching TV or catching up on work at home.
Click here to read the full article: Five homes with small private spaces to call one’s own
23 May, 2017 posted by: CORE
Best Apartment I Ever Sold invites our agents to share the unique story of their best selling experience to date. This week, learn why Isaac Metcalf‘s sale at 537 East 6th Street, 5 is his best one yet.
Six months ago, I was asked to represent the seller of 537 East 6th Street, 5. This unit is located in a small six-unit deregulated Housing Development Fund Corporation (HDFC) building in the East Village. This was definitely the best apartment I ever sold, not only because the apartment was large and unique but also because it really challenged me as a broker since they wanted the market rate for a HDFC apartment that was also a 5th floor walk-up.
After a few weeks on the market, I had multiple offers from well-qualified buyers. As we negotiated with the potential buyers, we decided on one and positioned another as a back-up buyer. As the potential buyers were about to sign the contract, we found out that the purchasers were going through some legal troubles and were therefore unable to get financing. While this was happening, the back-up buyer proceeded with another purchase and it left us back on the market with nothing to show for it.
About three weeks later, we had another potential buyer come through and during the negotiations, NYC’s Housing Preservation & Development and the mayor were debating reinforcing sale and income restriction on deregulated HDFC properties. A decision to reinforce these restrictions would make it very difficult to sell considering we wanted market rate for the property. Did I mention that all this is happening in real time? The purchase ended up falling through because of this looming information. Therefore, we now needed a buyer with low income and high assets (due to the looming income restrictions) who also didn’t mind taking the risk that the apartment could possibly become a full-fledged HDFC again.
Then, about a month later, that perfect person came through the door: a woman who had recently graduated college whose father was buying an apartment for her. She fit the buyer profile for 537 East 6th Street, 5 given her low income and high assets. With that said, I negotiated like a pro after the offer came in, and secured for them a deal at only 4.5% off the listing price. Next, we went through the grueling application process followed by an equally grueling board interview. We finally closed last week and that day ended with probably the best night’s sleep I’ve had in a long time.
537 East 6th Street, 5 was the greatest sale I’ve ever done and has certainly reminded me why I love my job.
22 May, 2017 posted by: CORE
CORE was tasked by the developer of 1280 Fifth Avenue with selling a new development project by Central Park that had been plagued with a lack of sales and low pricing. CORE’s challenge was to transform the building with a completely new branding, marketing and sales campaign. We renamed and rebranded the project as One Museum Mile – a destination address.
By anchoring the building to the beginning of Museum Mile and connecting it to the world’s most elevated addresses and cultural destinations, CORE sold 99 apartments and shattered the neighborhood price per square foot record.
19 May, 2017 posted by: CORE
60 White Street, PHE
Lic. Assoc. Real Estate Broker
Founder and CEO, Lic. Real Estate Broker
Offered at $9,275,000, this duplex penthouse atop Tribeca’s most environmentally-conscious boutique condominium features over 700 square feet of private terraces. The stunning outdoor spaces boast two outdoor showers and unobstructed views of Freedom Tower. Stop by this Sunday for a tour of this one-of-a-kind penthouse in the heart of Tribeca!
THE HOUSE CALL
Sunday, May 21, 12:00 – 1:00pm
17 May, 2017 posted by: CORE
Did you catch Emily Beare‘s listing at 213 West 23rd Street, 8N on the Wall Street Journal last week? This stunning industrial-style loft, once a YMCA basketball court, was voted “House of the Week” by readers. Check out the link to read the renovation story and learn how architect Annabelle Selldorf helped design this remarkable home!
The full article: A Manhattan Loft That’s a Slam Dunk
16 May, 2017 posted by: CORE
Reporting from the front lines, Douglas Heddings brings us “True Gotham” – your source for NYC real estate tips, advice, anecdotes and general market insights that aim to inform and enlighten.
Once upon a time, I suggested that a client strongly consider a purchase at 15 Central Park West. That client barked at me that she “would NEVER pay $2,000/sf for an apartment in Manhattan! That is just absurd!” Since then, that unit has traded multiple times for as much as $8,000/sf.
In 2003, when my wife and I purchased our current home, the New York Post ran a two page spread complete with a full page photo of me in a “Superman” stance titled, “Buyer Shootout.” The piece covered the bidding war climate by which we were directly impacted and the buyer’s remorse that hit even people like me in the real estate industry. Our home has appreciated by nearly 300%.
There is no denying that the appreciation seen over the 25 years that I have been selling real estate is more than remarkable. Of course I could share anecdotes of those who were forced to sell in a down market for a loss, but there have been some prevailing themes in the past quarter century:
1. Location, location, location with the greatest opportunity in areas that are explored by pioneers like artists and other creative types (Soho, West Village, the Lower East Side.)
2. Don’t dismiss a big name architect or developer. (Robert A.M. Stern has the golden touch. Pair his masterful design with a location like 15 Central Park West or 70 Vestry and you can’t go wrong).
3. Look at opportunities for infrastructure growth. (Riverside Boulevard on the Upper West Side will see more shopping, movie theaters and even schools in the coming months.)
This brings me to my recent visit to Hudson Yards. WOW! Mark my words that this new enclave is going to be a destination community sought by people both in and out of Manhattan. Many of the residences will be enjoyed by the likes of employees at KKR, Blackstone and Millbank Tweed. Others will be occupied part-time by both international and domestic owners who simply want a Manhattan escape that will provide some of the best restaurants, shopping and culture in the world. The most impressive new development project in the United States, Related’s Hudson Yards will feature indoor and outdoor performances and concerts in the Shed, beautiful parks and open spaces, navigable artwork in the form of Thomas Heatherwick’s Vessel, and a seamless connection to the Highline which carries you past Zaha Hadid’s New York signature masterpiece and through West Chelsea to the Meatpacking District.
This may seem like a bold statement and only time will tell, but the residences at Hudson Yards are going to see long time appreciation in line with the 300-500% increases that I have witnessed in my 25 years in this business. Mark my words – many will look back and wish that they had the vision and courage to take the leap now. Closings are only 18 months away.