Culture

 

Hot Topic: Festive Fireplaces

14 December, 2016 posted by: CORE

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Looking to cozy up by a fireplace this holiday season? 53 Crosby, PH was featured on Brick Underground last week for its unique hanging fireplace, the perfect spot to gather around with family and friends and ring in the new year. This fireplaces is just one of the many features that makes this avant-garde home so special!

Click here to read the full article: Six Spectacular Fireplaces Guaranteed to Set the Stage for a Festive Holiday Season



 

CORE 10: Shaun Osher

13 December, 2016 posted by: CORE

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Welcome to CORE 10, an off-the-cuff interview series with prominent CORE figures. Read on to learn more about this week’s guest, Founder & CEO Shaun Osher!

  1. Who is the living person you most admire? Brittley Wise.
  2. Who is the most interesting New Yorker you know? The polite homeless man who sits on the corner every day asking if I can “spare any change.” 
  3. What is your earliest New York memory? Arriving on 48th Street to look at all the music stores and meeting Dave Sanborn at “Alex’s sax shop” on the 2nd Floor. 
  4. What is the best advice you’ve ever received? Embrace failure.
  5. What do you consider your greatest achievement so far? Learning how to juggle (metaphorically speaking.)
  6. What are your three most treasured possessions? I treasure my relationships with people I know and love. But people are not possessions, so as far as inanimate objects go, I feel very fortunate to own my saxophones, a beautiful Triumph Thruxton Motorcycle and a diamond tie-pin that my grandfather left me (even though I rarely wear a tie.)
  7. Name a movie, book or work of art that changed your life. The Collection by Charlie Parker.
  8. What’s your greatest extravagance? I like to travel and explore new places as often as possible. 
  9. What’s your secret talent? I used to be a pretty good tap dancer. 
  10. Which words or phrases do you most overuse? “Make it so.”


 

Commercial Basis: Brand Meets Space

12 December, 2016 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 will assess the impact on real estate values and opportunities.

Reports of the death of retail are premature and exaggerated. In fact, the challenge of e-commerce is a major driving factor for dramatic innovation in what a store represents, how space can be configured to suit a brand’s image and objectives and why branded buildings are best suited to engage consumers in a multi-channel sales environment. Below are three salient examples:

Metrograph, No. 7 Ludlow Street, New York

Millennials don’t just want to stay home, order in food and stream Hulu. The immediate popularity, particularly among millennials, of the Lower East Side’s Metrograph building demonstrates this. It features two theatres for independent films, but also much more. Metrograph includes a restaurant, curated candy shop, bar/lounge and a miniature bookstore. It’s a branded place in touch with New York’s repertory theatre tradition that rejects the prosaic multiplex aesthetic with elements like custom seats made from pine reclaimed from Brooklyn’s Domino sugar factory.

Domenico Vacca Club15 West 55th Street, New York

The Italian luxury label, Domenico Vacca, closed its three traditional Manhattan stores in favor of establishing a branded flagship presence off Fifth Avenue. What elevates the new Vacca Midtown presence beyond traditional bespoke retail is the incorporation of a private, member-only DV social club, a café, barbershop, salon, private event space and extended stay furnished apartments along with an 8,000 square foot boutique with a private V.I.P. atelier for special order collections. Particularly for the  international tourist/shopper, the Vacca building creates a power spatial context for elite luxury in New York.

Miami Design DistrictBuena Vista, Miami

In a little more than two years, the world’s leading luxury brands have nearly all made substantial retail investment in Miami’s Design District. More than a shopping center, the Design District allows brands like Dior, Tom Ford, Hermès and Bulgari to each establish a branded showcase building in a neighborhood known recently as a quiet outpost for high-design home furnishing. Many have questioned the audacity of such expenditures far from Miami’s principal tourist retail hub (Lincoln Road) and the super-high-end Bal Harbor Shopping center. But with the expansion of direct Asian flights to Miami, the importance of the city as a luxury travel outpost is clearly on the rise. Each of the major brand outposts of the Design District feature dramatic staircases and roof top lounges primed for events, photography and private shopping rooms. The performance of these stores is not measured by sales transacted on site, but by how these spectacular environments serve as settings for sales professionals to engage luxury consumers and establish ongoing relationships.

Photo Credit: Alessandra Chemollo



 

House Call: 225 East 79th Street, 9CD

09 December, 2016 posted by: CORE

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THE LISTING
225 East 79th Street, 9CD

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

Alice Kipperman
Lic. Real Estate Salesperson
Licensed as Alice S Kipperman
917-743-8823
akipperman@corenyc.com

THE DETAILS
Offered at $1,450,000, this warm 2-bedroom co-op on the Upper East Side features beautiful details including beamed ceilings and original oak floors, upholding its classic prewar style. Stop by this weekend and get a closer look at this lovely home!

THE HOUSE CALL
Sun, Dec 11, 12:30 – 2:00



 

VoiceAmerica with Adie Kriegstein

08 December, 2016 posted by: CORE

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Earlier this week, CORE agent Adie Kriegstein was a guest panelist on “Good Morning New York, Real Estate” with Vince Rocco. The topic of discussion was closing costs and the tremendous impact they can have on a deal and the future plans of both the buyer and seller. Take a listen and find out what Adie has to say about this subject and much more.

Click here to listen to the entire episode: Adie Kriegstein on Good Morning New York, Real Estate



 

Hot Topic: Downtown Rebound

07 December, 2016 posted by: CORE

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What’s the latest with the downtown luxury-condo market? Last week, Shaun Osher was featured in The Wall Street Journal discussing how the downtown market is transitioning into a desired place to live. He specifically mentions his and Emily Beare’s lisitngs at 87 Leonard and how the condo conversion exemplifies this new shift. This development and others similar are making this part of town red hot!

Click here to read the full article: Luxury-Condo Market Is Starting to Rebound In Downtown Manhattan



 

Best Apartment I Ever Sold: John Harrison

06 December, 2016 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 John Harrison‘s sale at 32 West 20th Street, 5 is his best one yet.

One of my favorite transactions ever was selling 32 West 20th Street, 5, a 4,000-square foot-loft space in Chelsea. What made this particular space so unique was that it was the former home of an artist, the late Lenore Tawney, who spent her final days weaving a tapestry of her life through all of her works and the loft itself. With little more than a small corner of space to herself where she slept, Lenore devoted the massive loft to the stacks, arrangements and hanging of various forms of mixed media artwork.

The challenge in selling 32 West 20th Street, 5 was to present an entirely usable space for a person to envision creating their own renovation while intentionally echoing the artistic spirit that defined the loft for so many years.

Working with the estate we decided to remove only duplicates of some of the art that had been collected on site. The estate agreed to leave behind some of the more iconic works of art that represented Lenore as an artist and evoked her contribution to her craft.

As we ushered potential buyers through 32 West 20th Street, 5, they realized that the loft was not just a “gallery” that someone also called home but rather an amazing opportunity to own an incredible space that had served one person’s creativity and would just as easily serve the next.

Ultimately, we found just the right buyers that fell in love not only with Lenore’s vision but the possibility to create their own.

Selling real estate means investing in people’s stories: helping some share those stories, and helping others write the next chapter in their own. For this reason, 32 West 20th Street, 5 is the best apartment I ever sold.



 

Trends & Tides: From the Trenches

05 December, 2016 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.

Quarterly reports serve their purpose in our ultra complex real estate market but sometimes it’s nice to check out what is happening real time, particularly as the market shifts.

Anecdotal evidence from our own ranks of 180 agents at CORE as well as a peek at real time data from UrbanDigs seems to be telling us something very important: the bridge between bid and ask is narrowing, and therefore contract activity is picking up. Last week saw an unusual number of signed contracts here at CORE for this time of year and daily listing reports show that as many as 70-80% of currently active listings are reducing prices. The combination of these two factors tells me that sellers have softened and are finally ready to let go of old price expectations and meet buyers at a palatable price for all.

As we approach 2017, more will be revealed, but if buyers and sellers continue to have a meeting of the minds, sales volume should pick up. Only time will tell.



 

House Call: 225 Lafayette Street, 7D

02 December, 2016 posted by: CORE

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THE LISTING
225 Lafayette Street, 7D

THE AGENT
Tony Sargent
Lic. Assoc. Real Estate Broker
Licensed as Antony Sargent
212-500-2105
tsargent@corenyc.com

THE DETAILS
Offered at $3,795,000, this 2-bedroom condominium is located in the heart of Nolita. The sophisticated home features a modernized chef’s kitchen, an open living area and a private study right off the sun-drenched master bedroom. Don’t miss your opportunity to tour this fantastic home in one of New York City’s most lively neighborhoods!

THE HOUSE CALL
Sun, Dec 4, 12:30 – 2:00



 

VoiceAmerica with Tony Sargent

01 December, 2016 posted by: CORE

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Tony Sargent, CORE’s seasoned broker was a guest panelist on “Good Morning New York, Real Estate” with Vince Rocco earlier this week. Tony discussed the current status of the luxury market in downtown New York City and the influence of today’s political and economic climate on this market. Take a listen and find out everything you need to know about buying and selling luxury real estate downtown.

Click here to listen to the full discussion: Tony Sargent on Good Morning New York, Real Estate



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