Culture

 

Hot Topic: Home For The Holidays

30 November, 2016 posted by: CORE

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Searching for that New York City home that has enough space to entertain family and friends this holiday season? Take a look at 58 Reade Street, PH5 featured on Gotham last week for its generous layout, sizable entertainment space, 3 lovely outdoor terraces and fully equipped chef’s kitchen. Not only does this home permit you to host out of town guests for the holiday, but you can also invite your entire neighborhood over to celebrate!

Click here to read the full article: 6 Spacious NYC Apartments to House All Your Holiday Guests

 



 

Dwell Diaries: 306 West 100th Street, 55

29 November, 2016 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 on the Upper West Side never ceases to inspire – especially when New York City’s cultural icons such as The Dead PoetMetropolitan Opera and Zabar’s are nearby. It’s no surprise then that so many home seekers move to the neighborhood and never want to live anywhere else.

306 West 100th Street, 55 is not only a few short blocks away from some of New York City’s most treasured landmarks but also evokes it’s own historical significance as a pre-war building with a private marble lobby. Details like original wainscoting, soaring ceiling heights and decorative crown molding in this spacious co-op remind you that you’re waking up amidst local history.

Should the weather permit, you can start your day by enjoying an invigorating jog through Riverside Park, the scenic waterfront public park that is just down the block from 306 West 100th Street, 55. 4 miles will fly by when you’re able to gaze at the Hudson River. Need to refuel after your morning workout? Stop by The Health Nuts near West 99th Street and Broadway for an energizing smoothie.

Weekends on the Upper West Side are idyllic for New York City’s foodies and art lovers. Why not brunch at the New-York Historical Society’s airy cafe, Caffee Storico? Venetian-inspired appetizers and hand-crafted pastas are appropriately indulgent on a Saturday afternoon. The local favorite Good Enough to Eat is predictably packed on weekend night but who can resist the American comfort food at this casual, farmhouse-themed spot? Fancy some high-brow culture for the weekend? Lincoln Center is close by and houses the New York Philharmonic, New York City Ballet, Metropolitan Opera and more.

For a night cap following the show at Lincoln Center, grab a table at The Dead Poet, where every cocktail is named after American poets such as Edgar Allen Poe and Robert Frost. Culture, cuisine and craft cocktails – a day in the life at 306 West 100th Street, 55 is nothing short of vibrant!



 

Introducing #COREfestivefacts

28 November, 2016 posted by: CORE

CORE Festive Fact #1

Welcome to #COREfestivefacts, our weekly toast to New York City throughout the month of December. Join us as we countdown our 12 #COREfestivefacts this holiday season and discover more about what’s on the market in New York City. Check out our social media channels and website as we celebrate the holiday and prepare to ring in the new year! #tistheseason



 

Walker Tower: Redefining Downtown Luxury

28 November, 2016 posted by: CORE

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CORE’s new development team was presented the challenge of turning Ralph Thomas Walker’s Verizon Building into an uber-luxury condominium in Chelsea. The building was built in 1929 as the center of telecommunications. So, transforming this building into a residential condominium with layouts that appealed to buyers was no easy task.

In order to accomplish their goal, the new development team put their creative minds together and created a “destination” building by educating buyers about the building’s stature and pedigree, reviving the legacy of the great Ralph Walker and collaborating with CetraRuddy to create generous layouts with luxurious finishes and amenities.

CORE’s efforts resulted in a record-breaking average per square foot of $3,500, the highest ever downtown and $10,000 per square foot for the penthouse. Finally, CORE created the Ralph Walker brand and in doing so, redefined downtown luxury.



 

Hot Topic: Cohen on Rent vs. Retail

23 November, 2016 posted by: CORE

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In case you didn’t get a chance to pick up last week’s Epoch Times, Alex Cohen was featured offering his knowledge on New York City’s high rent prices and their impact on small retailers. Alex discussed how e-commerce has created challenges for retailers to maintain profitable stores, leading many to test out pop-up stores. Click the link below to learn more from Alex about the threats small retail stores face in today’s economy.

Full article: Small Retailers Face Threats At Every Turn



 

CORE 10: Adie Kriegstein

22 November, 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, agent Adie Kriegstein!

  1. Who is the living person you most admire? My grandmother who survived the Holocaust with her three sisters and cousin.
  2. Who is the most interesting New Yorker you know? My sister Sami Kriegstein for numerous reasons but most recently she spearheaded National Pants Suit Day which occurred in 7 cities across the U.S. including here in New York City. People gathered in pantsuits to show their support for Hillary Clinton and marched across the Brooklyn Bridge. She is the most talented, creative, fun and beautiful person I know and just emits this stunning aura of energy that people gravitate towards.
  3. What is your earliest New York memory? Going to The Evolution Store in Soho.
  4. What is the best advice you’ve ever received? Believe in yourself and your abilities. You can achieve anything if you do.
  5. What do you consider your greatest achievement so far? Being able to call once newly introduced clients close friends and having had them not only continue to use me for their real estate needs and refer me to their other friends and family members, but to honestly and truly call them friends. It’s rare to have this occur so often in real estate and I think that directly reflects my professionalism and how I run my business.
  6. What are your three most treasured possessions? My yellow lab, Makonikey “Mak,” Ceci, a 16 foot, 60% complete Mosasaur I found, and my apartment.
  7. Name a movie, book or work of art that changed your life. The Survivor in Us All, written by my great aunt and grandmother’s sister, about their Holocaust survival story.
  8. What’s your greatest extravagance? Flywheel classes.
  9. What’s your secret talent? I’m an amateur paleontologist.
  10. Which words or phrases do you most overuse? “This and that, and that.”


 

True Gotham: Opinions Aren’t Facts, Just Ask Your Broker

21 November, 2016 posted by: CORE

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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. 

As the current real estate market continues to shift, sifting through information and the opinions of real estate professionals becomes increasingly more relevant. A recent communication with a buyer’s agent reminded me of just how much influence an agent’s opinion can have on whether or not a transaction takes place, despite whether or not said agent has the experience or knowledge worthy of such influence. This conversation brought me back to a True Gotham post from September 2010 in which I discussed opinions and how my opinion and a $1 will buy you a cup of coffee:

If there is one thing I know for sure after all of the barbecues, cocktail parties, and various summer get-togethers, it’s that everyone has an opinion about the real estate market (I repeat, there is not ONE national real estate market). So what do all of these (mine included) anecdotal opinions mean? They simply prove that the perception of what is currently happening in anyone’s specific hyper-local real estate market is greatly influenced by the media, in the trenches personal experiences and general real estate industry chatter.

Let’s break down the legitimacy of all three:

1.  The Media:  I LOVE the media! I think it is incredibly powerful and in the hands of responsible reporters can serve the consumer very well. But often times reporters of “man bites dog” scenarios are much more effective at negatively skewing perceptions about housing and the economy. In my almost 20 years of selling Manhattan real estate, never has the media been so powerful in swaying public perception about housing on a daily basis. The number of emails and phone calls is directly proportional to positive or negative news stories about housing, the stock market, mortgage rates or the global economy. That said, some excellent reporters are out there doing their very best to stay ahead of the curve and report current trends which leads to a more informed consumer. Even bloggers like Noah Rosenblatt at UrbanDigs are among those leading the way towards transparency and accurate reporting of current market conditions.

2.  From the Trenches:  Anecdotal at best, this information is only as dependable as the person sharing it. For instance, a savvy and knowledgeable real estate professional, appraiser and market expert like Jonathan Miller provides useful data and anecdotes that give incredible insight into current market conditions as well as forecasts for what’s to come. A sophisticated broker or real estate agent with real time experience in a specific market can also provide useful information. But a broker or agent who is in “desperation” mode trying to keep their business afloat is not typically a good source for market conditions.

3.  Industry Chatter:  This in my opinion is often the least reliable as egos almost always get in the way of reality.  No broker/agent wants to discuss when their business is suffering and my experience has almost always been that when I share with someone that volume has slowed, they get most uncomfortable and either change the subject or throw me some open ended statement about how busy they have been.

It still holds true that making sense of your specific real estate situation comes down to analyzing data, buyer or seller motivation, and the guidance of an experienced and knowledgeable real estate agent.

Click here to read the full True Gotham post from 2010: A Broker’s Opinion Is Just An Opinion



 

House Call: 87 Leonard Street, MAISA

18 November, 2016 posted by: CORE

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THE LISTING
87 Leonard Street, MAISA

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

Shaun Osher
Lic. Real Estate Broker
212-726-0778
sosher@corenyc.com

THE DETAILS
Offered at $6,495,000, this rare opportunity in Tribeca boasts three levels of luxurious living space, a great room, den and chef’s kitchen. This 3-bedroom maisonette is located in the landmarked cast-iron 87 Leonard, which was restored and converted into one of Tribeca’s premier boutique buildings. Don’t miss your opportunity to see this gorgeous home this Sunday!

THE HOUSE CALL
Sun, Nov 20, 12:00-4:00



 

Hot Topic: Turkish Marble Masterpiece

16 November, 2016 posted by: CORE

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What does a home bedecked in hand-picked Turkish marble look like? Enter 20 Pine Street, PH32, Heather McDonough, Henry Hershkowitz and Cartwright Lee’s Financial District listing. Cartwright was quoted in the Observer last week after giving the editor a grand tour. This one-bedroom all-white home underwent a two-year gut renovation, transforming the home into an impeccable masterpiece. Check out the full article and find out what else this unique property has to offer!

Click here to read the full article: This FiDi Penthouse Is Bedecked with Turkish Marble



 

Best Apartment I Ever Sold: Heather McDonough

15 November, 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 Heather McDonough‘s sale at 427 West 21st Street, PLR is her best one yet.

When I reflect on all of the homes I have sold to choose my favorite, the contenders are the homes where the relationships or circumstances extend beyond that singular transaction. It’s not about the dollar value of a home or a commission, it’s the results. Proof of doing a job well done, adding or creating value for my clients and building lasting relationships are what’s most important to me.

My favorite sale to date has to be the gorgeous Parlor Floor at 427 West 21st Street across the street from the iconic Seminary on the best block in West Chelsea. This particular client has an incredible eye. His ability to capture a home’s inherent beauty in a way that transforms it into the quintessentially chic New York City dream home is something most can only aspire to accomplish one day. My client made my job easy in many ways, but he also had high expectations which certainly challenged me as a broker.

We met when I cold-called him as I had a buyer who was interested in purchasing his home off-market. The buyer was someone who missed out on another listing I had in that same building. We were able to put a deal together where both the buyer and seller were extremely happy. Furthermore, the buyer and her extended family have now purchased a total of five homes in the same building from us. After delivering a top-dollar sale on the first home I sold for him, I was awarded the listing at 427 West 21st Street, PLR.

In the end, we sold 427 West 21st Street, PLR for the full asking price. It was a complicated sale since it was a self-managed co-op with very little building documentation but we were carefully able to put the deal together. This sale was truly icing on the cake – one with many layers!



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