Culture

 

520 West Chelsea: CORE Defines a New Neighborhood

31 July, 2017 posted by: CORE

CORE was tasked with selling the Selldorf Architects-designed condo at 520 West Chelsea, the first ever new development project on the up-and-coming High Line Park. CORE sold out the condo at record prices by coining the new neighborhood “West Chelsea” and positioning the street as one of the most architecturally significant blocks in New York City. The team educated brokers and clients about the future of this pioneering neighborhood with private events, art shows and tours of the High Line. The team’s success at 520 West Chelsea proves that CORE’s dedication to creativity and innovative produces excellent results.


 

House Call: 160 West 66th Street, PHC

28 July, 2017 posted by: CORE

THE LISTING
160 West 66th Street, PHC

THE AGENTS
Gerry Kendrick
Lic. Assoc. Real Estate Broker
Licensed as Harry G Kendrick
646-349-9832
gkendrick@corenyc.com

Arthur Korant

Lic. Real Estate Salesperson
Licensed as Arthur Richard Korant
646-349-9833
akorant@corenyc.com

Tracey Hung
Lic. Assoc. Real Estate Broker
Licensed as Tracey L Hung
646-349-9839
thung@corenyc.com

THE DETAILS
Offered at $5,750,000, this two-bedroom, two and a half-bathroom condo on the 59th and 60th floors at 3 Lincoln Center features cinematic views of the Manhattan skyline and Central Park. Located in the lively Upper West Side, you’re mere steps away from the world-renowned Lincoln Center for the Performing Arts, Central Park, luxury dining and shopping. Be sure to stop by this Sunday for a tour of this stunning duplex penthouse!

THE HOUSE CALL
Sunday, July 30th, 2:00 – 3:00pm


 

Hot Topic: Exquisite New Development Launch in Tribeca

26 July, 2017 posted by: CORE

Last week, Curbed exclusively featured the launch of 403 Greenwich Street. Residence B and the Penthouse of this highly anticipated boutique new development, designed by acclaimed architect Morris Adjmi, are officially on the market for $4,825,000 and $12,500,000, respectively. Click below to read the article and see more of these timeless and unique residences!

Click here to read the full article: Morris Adjmi’s long-in-the-works Tribeca condos launches sales from $4.8M



 

Best Apartment I Ever Sold: Gerry Kendrick

25 July, 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 Gerry Kendrick of the Kendrick Korant Hung Team’s sale at 455 Central Park West, 18C is his best one yet.

When asked about the “best apartment I ever sold”, it’s been a challenge to pick just one because I go over and beyond with each property I market. Each property has its own unique features and no deal is exactly alike. But given the task at hand, I choose the sale of 455 Central Park West, 18C as one of my most outstanding recent accomplishments.

I was approached by the owner to take over marketing efforts since reportedly the listing was getting very little traffic. I knew the reason wasn’t the actual apartment since the home was a grand 3-4 bedroom, 4 bathroom property with splendid views of Central Park, Upper West Side and the Midtown skyline. It also wasn’t the fact that it was located in a unique residential complex comprised of both a modern tower and a converted French Renaissance style landmark building. Nor was the home getting very little traffic because of the amazing amenities such as 24-hour concierge, spa/fitness center, indoor lap pool and lovely common garden. And finally, it wasn’t because it was right across from beautiful Central Park!  So, what was the reason there had been so few showings at 455 Central Park West, 18C to date?

After visiting the property, I felt this home needed a luxury look to fit with the building and price.  I also knew that I had to raise awareness to the consumer (and even some agents) that 455 Central Park West actually existed. From a visual perspective, there was a modern tower juxtaposed with a landmark building and it was not easily identified as one luxury condominium. From a market perspective, this condominium, having been built circa 2002, was competing with other new developments receiving all the attention. So, the challenge: Presentation, promotion and marketing!

I immediately enlisted the help of stager Cathy Hobbs from Design Recipes to maximize the space and to give it the modern luxury look it deserved. Professional photographs were taken, a floor plan was created and the listing was put together in the best possible way. To promote, we held additional invite-only events which were attended by leaders and influencers in the interior design, architecture, publishing, entertainment and real estate industries. Finally, I devised an advertising and marketing strategy which amped up the listing presence in design publications and included digital marketing, substantial direct mail campaigns and personal and mass communications within the New York City real estate community.

Overall, I felt that this home was uniquely positioned to sell at the best price the market would bear. I ultimately was able to create a market for this lovely home and obtain multiple offers in the end.



 

House Call: 355 East 19th Street, TOWNHOUSE

21 July, 2017 posted by: Erin Ryder

THE LISTING
355 East 19th Street, TOWNHOUSE

THE AGENTS
Doron Zwickel
Lic. Assoc. Real Estate Broker
212-612-9607
dzwickel@corenyc.com

Sean Attebury
Lic. Real Estate Salesperson
917-597-6370
sattebury@corenyc.com

Caleb Nickels
Lic. Real Estate Salesperson
646-677-2035
cnickels@corenyc.com

THE DETAILS
Offered at $3,900,000, this remarkable Gramercy townhouse boasts a 1,521-square-foot patio and garden in addition to an expansive great room and elegantly designed chef’s kitchen. Additionally, each of the home’s three bedrooms provides direct access to the patio and garden. Be sure to stop by for a tour of this one-of-a-kind Gramercy home this Sunday!

THE HOUSE CALL
Sunday, July 23rd, 11am – 1pm


 

Hot Topic: Elizabeth Kee in the Wall Street Journal

19 July, 2017 posted by: CORE

Did you catch our very own Elizabeth Kee in the Wall Street Journal last week? Elizabeth was interviewed for a feature on the Spireworks app – the secret app that lets used change the colors of New York City skyscrapers. Click the link to read about Elizabeth’s experience with the app at 93 Worth‘s penthouse launch party!

Click here to read the full article: Friends in High Places: Secret App Makes Manhattan Skyscrapers Change Color



 

Commercial Basis: No Need to Wait for Driverless Cars

17 July, 2017 posted by: CORE

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.

In less than five years, Uber and its competitors transformed the way many of us choose to get around New York City. Likewise, they disrupted the business and leisure traveler’s attachment to rental cars. Now much attention is focused on how driverless cars will inevitably transform urban and suburban life. But whether A.I.-equipped cars become widespread in five years or 20 years, the continued explosion of ride-sharing (with or without drivers) will rapidly reorder the place of the automobile in our lives. What will be the impact of this mobility revolution on how our region’s real estate is valued? What opportunities and challenges does it present?

BMW recognizes that its future is not primarily as a seller of cars but as a ride-sharing company (www.reachnow.com). ReachNow is available in Brooklyn and many European cities. The economic and flexibility rationale for paying for a shared vehicle by the minute, hour, mile or day with no need to park, insure or maintain the car will probably be too strong for all but the most enamored urban car-owning residents, commuters or visitors to withstand. In light of the fact that the average vehicle in the United States is parked 95% of the time, ride-sharing obviously reduces the need for parking and will continue to reduce traffic and congestion.

Ride-sharing and the City
Before the popularization of the automobile, cities like New York didn’t look significantly different. Buildings were not as tall and there was not as much segregation of uses on the street as there is today. I don’t think cities will change physically as personal car use declines.

However, the long-term outlook for Manhattan parking garage owners and operators, who have enjoyed one of the most lucrative businesses in real estate history, is not positive as car sharing displaces car ownership and the demand for parking. Corporately-owned ride sharing vehicles will require storage and servicing centers during lower demand periods, but in all likelihood, these will be located where real estate is not as expensive.

The Red Hook Effect
In New York City, in neighborhoods like Red Hook that are generally inaccessible by public transit, historically residential real estate has been priced to reflect this limitation. But with attractive housing options and amenities like waterfront parks, real estate should appreciate in value at a faster rate than other areas, as ride-sharing overcomes inconvenience.

The Suburbs
The earliest suburbs (like Bronxville, New York) developed as “railroad suburbs” before the popularization of the car. These appealed to residents with professional and commercial ties to the city, but with a preference for and ability to live in a private home that had a train station as well as neighborhood retail and services within walking distance. It was the automobile that helped spawn the post-war explosion of sprawling suburbs in which all activity outside the home is car-dependent. These communities now face the greatest planning and development challenges. For example, a suburban big box shopping mall can devote 75% of its land to parking – most of which may become superfluous as driving habits change.

While urban living has gained popularity among baby boomers and millennials at the expense of the suburbs, I don’t expect ride-sharing to dramatically change individuals’ or families’ preferences for one lifestyle over the other. But our already overstretched railroad infrastructure will be burdened severely as ride-sharing eliminates the expense and annoyance of train station parking. Train ridership from the suburbs into and out of New York City will inevitably increase

Retail Destinations
The current struggles of retail are well-publicized. The growth of ride-sharing may offer an opportunity for some retail to prosper and retail real estate to appreciate. Ride-sharing should make unique retail destinations with an experiential quality more attractive. For example, I foresee growth in customers (and sales) at the Woodbury Premium Outlets, which is unmatched among outlet centers nationally for its inclusion of luxury brands. Woodbury Commons is located 50 miles north of Manhattan, but ride-sharing will make this destination more accessible from throughout the metropolitan area and perhaps more attractive as an alternative to clicking on Gilt.com.



 

House Call: 60 White Street, PHE

14 July, 2017 posted by: CORE

THE LISTING
60 White Street, PHE

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

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

THE DETAILS
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. Be sure to stop by this Sunday for a tour of this one-of-a-kind penthouse in the heart of Tribeca.

THE HOUSE CALL
Sunday, July 16th, 11:00am – 12:00pm


 

Sustainability Panel at 60 White Street

12 July, 2017 posted by: CORE

Last night, 60 White presented “Paris Climate Accord: USA Out, New York City In” moderated by CEO & Founder Shaun Osher, with Helena van Vliet of Helena van Vliet Architect LLC, Craig Margolies of The Hudson Company, Jake Hawvermale of Urban Roots NYC and Eric “T” Fleisher of F2 Environmental Design. Shaun and the panel enjoyed a compelling conversation on how New York City’s housing and development communities will honor their commitment to sustainability.

Click here to learn more about 60 White Street: CORE Developments: 60 White


 

Hot Topic: Tribeca Loft in the Wall Street Journal

12 July, 2017 posted by: CORE

Last week, the Wall Street Journal named Jarrod Guy Randolph and Elizabeth Kee‘s listing at 60 Beach Street, 3B “House of the Day.” The Tribeca loft was highlighted for its year-long renovation that included painting the exposed brick white and adding white oak floors in a herringbone pattern. Click below to read more about the renovation and see more of this stunning home!

Click here to read the full article: A Tailor-Made Tribeca Loft



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