421 West 22nd Street, Unit 1

421 West 22nd Street, Unit 1

chelsea

Asking $3,500,000

3 Bed  |  2 Bath | Condo


 

Experience exceptional indoor-outdoor living and sophisticated designer details in this contemporary three-bedroom, two-bath duplex, ideally situated in the heart of the Chelsea Historic District.

Enter the parlor level of this 1856 townhouse and be greeted by hardwood floors, exposed brick, and soaring 12-foot sound-isolated ceilings. The expansive living/dining area features a custom linear gas fireplace, recessed 70” smart TV with surround sound, and a wall of glass overlooking the lush private garden. Step outside to enjoy a serene retreat with a bluestone patio, sleek slat fencing, a pergola, manicured landscaping, and an inviting fire pit—perfect for summer gatherings and quiet evenings.

The open chef’s kitchen is a showstopper, complete with marble countertops, a spacious breakfast bar, and high-end Viking and Bosch appliances, including a gas cooktop, oversized oven, dishwasher, and built-in microwave. A stylish full bathroom with designer finishes, radiant heat floors, and ample hallway storage complements the well-designed main floor, along with a spacious bedroom with built-in cabinetry.

Downstairs, the luxurious owner’s suite opens directly to the garden and boasts a walk-through closet, an ensuite spa bathroom with a double vanity, oversized shower for two, radiant heat floors, and a separate makeup counter. A third bedroom, a laundry room with a Bosch washer-dryer and integrated ironing station, and additional built-in storage complete this level. Smart home features include Lutron lighting and shades, built-in speakers, an ADT alarm system, and four-zone climate control, ensuring modern convenience. This unit also includes an 80-square-foot basement storage space, currently utilized as a workshop.

421 West 22nd Street is a boutique condominium in a beautifully updated Anglo-Italianate townhouse. Converted in 2015, the pet-friendly building offers low common charges, voice intercom entry, good management, and a part-time super. Located just steps from the High Line, Hudson River Park, Chelsea Market, Whole Foods, Trader Joe's, and world-class galleries, this home is surrounded by vibrant amenities and excellent transit options, including A/C/E, 1/2, PATH trains, and CitiBike stations.

15 Best Attractions To Check Out During 'NYC Must-See Week'

During the height of New York City’s blistering winter, the city’s tourism agency has found a clever way to entice New Yorkers out of the comfort of their homes. From January 21 through February 9, “NYC Must-See Week” offers two-for-one tickets to some of the city’s most sought-after attractions, museums, live performances, and tours across the five boroughs. Ahead, discover some of the best attractions to visit during Must-See Week, from architecture walking tours to observation decks and everything in between.

Museums

Museum of the City of New York
The Museum of the City of New York captures the vibrant essence of the five boroughs, showcasing the cultures, people, sounds, and sights that define the city’s unique personality. A highlight of the museum’s offerings is “Timescape,” a 22-minute multimedia history of NYC narrated by Stanley Tucci. Two-for-one admission costs $23 and can be purchased here.

Guggenheim
Housed within the world-renowned Frank Lloyd Wright-designed building, the Guggenheim Museum is celebrated for its unique and innovative exhibitions, displayed along a large ramp that spirals upwards through the cylindrical structure. Two-for-one admission costs $30 and can be purchased here.

The Paley Museum
Anyone interested in television, radio, the internet, and digital technologies shouldn’t miss the Paley Museum. Featuring a public library of over 160,000 TV, radio shows, and commercials, the center hosts dozens of daily screenings of classic episodes of shows like “I Love Lucy” and “The Muppet Show,” as well as special films about topics like presidential campaign ads, the representation of teens in popular media, and more. Two-for-one admission costs $11 and can be purchased here.

Museum of the Moving Image
Astoria’s Museum of the Moving Image is the only institution in the country dedicated to the art, technology, and cultural impact of film, television, and digital media. Home to the largest collection of moving image artifacts in the U.S., the museum screens hundreds of films annually and offers a variety of educational programs. Its main exhibition, “Behind the Screen,” invites guests to dive into the creative process behind moving images through interactive experiences, rare artifacts, unique artworks, and more. Two-for-one admission costs $23 and can be purchased here.

Image courtesy of Edge

Observation decks

Edge
Take in breathtaking views from the highest outdoor observation deck in the Western Hemisphere. Located on the 100th floor of 30 Hudson Yards, Edge offers guests unobstructed views of the Manhattan skyline, the Hudson River, and the city below. Two-for-one admission costs $20 per person and can be purchased here.

Empire State Building Observatory
Located in one of the world’s most iconic skyscrapers, the Empire State Building Observatory offers stunning views from one of the highest vantage points in the five boroughs. Situated on the 86th and 102nd floors, visitors can also explore an immersive museum on their way to the top, learning about the building’s rich history and significance. Two-for-one admission costs $102.26 and can be purchased here.

Top of the Rock Observation Deck
Perched atop 30 Rockefeller Plaza, the Top of the Rock features three levels of indoor and outdoor observation decks, offering breathtaking, unobstructed views of the city skyline. With terraces facing north, south, east, and west, it’s one of the city’s premier observation decks. For a little extra, guests can enhance their visit with two new attractions: the Skylift, which elevates visitors above the deck for unparalleled views, and the Beam, where they can recreate the iconic “Lunch Atop a Skyscraper” photo. Two-for-one admission costs $43.56 and can be purchased here.

Photo by Brittany Petronella

Tours

Rockefeller Center Tour
Explore the rich history, art, and architecture of Rockefeller Center on a guided tour. Expert guides will take guests through the iconic complex, offering insights into its famous landmarks, streets, and buildings. Two-for-one admission costs $58.80 and can be purchased here.

Build Tours
This Must-See Week, embark on an engaging tour across the city to explore some of its most iconic architectural marvels. Guided by distinguished architects, urban planners, and art historians, Build Tours offers an immersive and educational experience, showcasing everything from stately brownstones to soaring skyscrapers. It’s a must-see for architecture enthusiasts and curious tourists alike. Two-for-one admission costs $51.94 and can be purchased here.

Untapped New York
Discover more about some of the city’s most unique spots that are off the beaten path. Untapped New York offers guests exclusive access to places usually off-limits to the public and uncovers secret stories behind some of the city’s famous landmarks. Two-for-one admission costs $41.34 and can be purchased here.

On Location Tours
Explore iconic locations from your favorite movies and TV shows with On Location Tours. Led by local actors and actresses, these tours include fan favorites like the NYC TV & Movie Tour, Sex and the City Hotspots Tour, Sopranos Sites Tour, Gossip Girl Sites Tour, and more. Group tours and private tours are also available. Two-for-one admission costs $21.20 per person and can be purchased here.

Inside Out Tours
Offering off-the-beaten-path bus and walking tours of NYC, Inside Out Tours is a great option to learn more about the lesser-known facts and stories behind the city’s neighborhoods. They offer gospel tours, jazz house tours, historic tours, food tours, art tours, and shopping tours in English, Spanish, French, and Italian. Two-for-one admission costs $24.50 per person and can be purchased here.

Image courtesy of QC NY

Other attractions

QC NY
This winter, treat yourself to a relaxing day spa experience without leaving NYC. Located in former military buildings on Governors Island, QC NY offers over 20 wellness experiences, including saunas, steam rooms, relaxation areas, outdoor gardens, water therapies, and breathtaking skyline views from its heated outdoor pool. Two-for-one admission starts at $102.41 for entrance after 5 p.m. and can be booked here.

New York Botanical Garden
Venture through the New York Botanical Garden’s lush grounds, taking in extravagant displays of nature. Across the garden’s 250 acres, explore collections in tropical rainforests, cactus-filled deserts, curated palm tree displays, and much more. Two-for-one admission costs $17.50 per person and can be purchased here.

Artechouse
Experience the latest and best works in 21st-century art at Artechouse. The art center offers experiential, one-of-a-kind art exhibits and explorations by groundbreaking artists pushing the limits of creative expression. Two-for-one admission costs $25.98 and can be purchased here.


15 best attractions to check out during NYC Must-See Week

By Aaron Ginsburg

January 17, 2025

Cover photo: Brooklyn Bridge Park. Photo © Julienne Schaer

310 West 56th Street, Unit 5A

310 West 56th Street, Unit 5A

hell’s kitchen

Asking $975,000

2 Bed  |  2 Bath | Co-op


 

Welcome to 310 West 56th Street, Unit 5A. This spacious and contemporary two-bedroom, one-bath home is perfectly situated in the heart of Hell’s Kitchen. Offering a blend of comfort, style, and convenience, it is located in a full-service building with a doorman, live-in super, laundry facilities, and bike storage.

Upon entering, you’re greeted by a beautifully renovated kitchen. Featuring white cabinetry, quartz countertops, a tiled backsplash, and a breakfast bar, the kitchen is equipped with high-end stainless-steel appliances, including a Bosch range and dishwasher. Adjacent to the kitchen, a large closet provides ideal storage for coats and other essentials.

The open-concept layout seamlessly connects the kitchen to the expansive living and dining area, creating a perfect space for entertaining. Oversized south-facing windows flood the space with natural light, enhancing its warm and inviting atmosphere. The living/dining area easily accommodates a dining table for six or more, a large sectional sofa, a coffee table, and a media console.

Off the living area, a hallway leads to the secondary bedroom, primary bedroom, and bathroom. The secondary bedroom comfortably fits a queen-sized bed and features oversized windows. This versatile room can also function as a home office, study, or be expanded to enlarge the living area.
Across the hall, the updated bathroom boasts modern lighting, a sleek medicine cabinet, and a shower/bath combo with elegant white tile and a mosaic backsplash.

At the end of the hallway, the spacious primary bedroom awaits, complete with large picture windows overlooking lush treetops. The room easily accommodates a king-sized bed, along with additional furniture such as a dresser or sitting area. It also includes a walk-in closet and a secondary wall closet, offering abundant storage.

310 West 56th Street is located on a serene, tree-lined street just 2.5 blocks from Columbus Circle, 3 blocks from Central Park, and within walking distance of renowned restaurants, shops, museums, and Whole Foods. The building offers convenient access to multiple transportation options, making it an ideal place to call home. Pets are welcome, financing up to 75% is allowed, and rentals are permitted.

Port Authority Secures $1.9B Federal Loan for Bus Terminal Replacement

The Port Authority of New York and New Jersey secured a major loan from the federal government for its Midtown bus terminal replacement project this week, just days before President-elect Donald Trump takes office. The agency will receive $1.9 billion from the U.S. Department of Transportation to fund the first phase of the $10 billion project. The Port Authority has scrambled to get the necessary federal approvals before Trump’s inauguration, fearing he would halt the project.

Rendering courtesy of the Port Authority of New York and New Jersey

The loan, issued through the Build America Bureau, is a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan—the first time the Port Authority has used this program in its 25-year history. In addition to the loan, financing for the first phase will include Port Authority capital funding.

Along with the $3 billion allocated in the Port Authority’s 10-year construction plan, the loan covers nearly half of the terminal’s estimated $10 billion price tag, according to Gothamist.

“This federal loan for this vital interstate transportation facility will enable the Port Authority to build a 21st century bus terminal that commuters from New Jersey and communities in New York City deserve and will rely on for decades to come,” Port Authority Chairman Kevin O’Toole said.

“I thank our federal partners for their support of a project that will generate economic benefits for our entire region while improving the quality of life for commuters and the community where the terminal is located.”

Plans to replace the terminal have been circulating since 2013 to account for the growth in ridership. Since then, nearly 30 separate proposals have been produced.

A major driver for the new terminal is anticipated growth in bus ridership. On an average weekday in 2019, the terminal saw approximately 260,000 passengers on 7,800 buses, making up roughly 23 percent of trips in and out of Manhattan’s core. However, officials estimate that this number could rise to 337,000 passengers daily by 2040, as reported by Crain’s.

Credit: Foster + Partners & Epstein

“For decades, one of the busiest bus terminals in the world deteriorated and needed major upgrades and modernization,” Assistant Secretary for Transportation Policy Christopher Coes said. “With over 250,000 daily passengers and even higher demand predicted, this project is crucial to the region and the health of our economy, creating 6,000 construction jobs in the process.”

Under the redesign, the facility will feature a new 2.1 million square foot main terminal, a separate storage and staging building, and new ramps leading directly in and out of the Lincoln Tunnel, significantly improving capacity, bus speed, and congestion on adjacent streets.

The project will also permanently close a portion of 41st Street between Eighth and Ninth Avenues and includes a central main entrance, additional street-facing retail, and a large multi-story atrium.

Courtesy of Port Authority of New York and New Jersey

The new storage space, slated for construction to the west of the terminal on 40th Street between Ninth and 10th Avenues, will enable buses to idle before heading to gates to pick up riders. Currently, buses are forced to sit and wait, causing traffic on nearby streets.

Additionally, existing traffic lanes on Dyer Avenue will be covered by roughly 3.5 acres of public green space. A winding ramp connecting the Lincoln Tunnel will make up the western portion of the project, stretching the existing footprint of the site along 40th Street to 10th and 11th Avenues.

The facility will be built with the future in mind, designed to achieve net-zero emissions, accommodate all-electric bus fleets, and utilize modern technology throughout.

The building will also include sustainability and resiliency measures, including LEED certification and clean construction, onsite renewable energy, zoned heating and cooling systems, and heat recovery and reuse technology.

The new park, ramps, and storage space could be completed by 2028, while the main terminal building is slated for completion in 2032.

The project will also fund its redevelopment through two commercial skyscrapers that will be built along Eighth Avenue, on the corner of 40th and 42nd Streets. A third office tower, to be built on land bounded by West 30th and West 31st Streets and Ninth and 10th Avenues, would also support the project.

PANYNJ and Mayor Eric Adams agreed in March to an arrangement that contributes up to $2 billion in property tax revenue from the commercial towers to help fund the terminal’s redevelopment, according to Crain’s.

In August 2022, the Port Authority selected the architecture firm Foster + Partners and the engineering and design team Epstein to design the new facility and renderings of the project’s current design were released earlier this year.

In September, PANYNJ and the FTA signed the final environmental impact statement for the terminal’s redevelopment. The signing, a major step towards a federal record of decision on the project, followed a final round of public hearings that produced more than 700 public comments.

The City Planning Commission in October voted unanimously to approve the bus terminal’s revamp. In November, the project was approved by the City Council.


Port Authority secures $1.9B federal loan for bus terminal replacement before Trump takes office

By Aaron Ginsburg

January 16, 2025

Cover rendering credit: Foster + Partners & Epstein

79 West 12th Street, Unit 6BC

79 West 12th Street, Unit 6BC

Greenwich Village

Asking $1,595,000

2 Bed  |  2 Bath | Co-op


Discover the perfect blend of space and sophistication in this stunning combo unit on West 12th Street. This expansive residence features two bedrooms, two bathrooms, and a versatile home office/den or bonus space, offering flexibility for work or relaxation. The spacious living area faces south and is bathed in natural light all day. The compact but mighty kitchen is updated with stainless steel appliances, and premium countertops, and is directly across from a walk-in pantry closet with generous storage space. The spacious primary includes an oversized walk-in closet and a built-in desk. Nestled in the heart of Greenwich Village, this home places you amidst a rich tapestry of historic charm, eclectic dining, boutique shopping, and vibrant cultural experiences.

The Lawrence House is a Greenwich Village gem, offering a 24-hour attended lobby, a live-in superintendent, a well-maintained laundry room, and a stunning roof deck. Its prime location provides easy access to the vibrant restaurants, cafes, and shops along 6th Avenue, with Washington Square Park and Union Square just a few blocks away. Transportation options are abundant, including the 1/2/3, F, 4/5/6, N/Q/R, and L subway lines and the M55, M7, and M14 bus routes.

45 West 54th Street, Unit 10A

45 West 54th Street, Unit 10A

midtown

Asking $550,000

1 Bed  |  1 Bath | Co-op

 

Experience a true sanctuary in the heart of Midtown! Nestled on a prestigious block in Midtown West, surrounded by landmarked townhomes, dining options, luxury hotels, and the iconic Museum of Modern Art, this oversized one-bedroom, one-bathroom home offers quick access to all that Manhattan has to offer while also providing a peaceful retreat at the end of a busy day or during weekends.

Step into a welcoming living area spacious enough to accommodate a separate home office. Just off the large living room is the windowed, open kitchen with a breakfast bar and dining area. The large primary bedroom offers additional tranquility and features an en suite bathroom with a step-in shower. The apartment boasts ample closet space, tall beamed ceilings, and wood parquet flooring, embodying the classic Manhattan aesthetic.

The Aristocrat is a well-maintained elevator building with a 24/7 doorman and a newly renovated lobby. Pieds-à-terre are allowed, and subletting is permitted with Board approval. Additional amenities include a bike room, storage, laundry room, live-in superintendent, and secure garage parking.

3 East 71st Street, Unit 9E

3 East 71st Street, Unit 9E

Lenox Hill

Asking $1,500,000

2 Bed  |  2 Bath | Co-op


 

Lenox Hill luxury awaits in this beautifully renovated two-bedroom, two-bathroom residence featuring a working fireplace, generous storage and elegant finishes in a full-service prewar co-op just inches from Central Park.

Inside this completely turnkey home, tall ceilings trimmed with crown molding rise above designer wallcoverings, hardwood floors and luxe wall-to-wall carpet. A neutral color palette adds to the notably serene ambiance. An oversized foyer with a roomy coat closet opens to the expansive living room, where you’ll find a generous footprint for seating and dining areas alongside the wood-burning fireplace. Double doors open to the separate windowed kitchen featuring rows of glass-front custom cabinetry, long countertops and stainless steel appliances, including a gas range, French door refrigerator, and dishwasher.

Head to the spacious primary suite to discover a king-size layout and enviable wardrobe storage, thanks to a custom walk-in closet and a wall of three more reach-in closets. A pocket door reveals the windowed en suite bathroom featuring a glass shower and large vanity surrounded by beautiful floor-to-ceiling marble. The second bedroom offers two closets and easy access to a full guest bathroom with a relaxing soaking tub. An in-unit washer-dryer and deeded storage unit add wonderful convenience to this lovely Lenox Hill haven.

Located within the Upper East Historic District, 3 East 71st Street is a handsome stone and pale brick apartment house built in 1944. Residents of the white-glove building enjoy 24-hour doorman service, a live-in resident manager, a gym, laundry, a bike rack, and storage. Pets, Diplomats, pieds-à-terre, and 50% financing are allowed with board approval. A 4% flip tax is paid by the buyer. Sorry, no weekend showings.

Located less than 250 feet from Central Park, this unrivaled residence delivers Lenox Hill prestige and convenience with direct access to 842 acres of iconic outdoor space. Stroll the world-famous institutions along Museum Mile or browse Madison Avenue's luxe boutiques and cafés, including Ralph Lauren, Lanvin, Apple, Ladurée and Prada, all nearby. Transportation is effortless with 4/5/6, N/Q/R/W and F trains, excellent bus service and CitiBikes all nearby.

The Monthly Update - January 2025

A Glance Back And A Look Ahead

Happy New Year!

2024 started off much like 2022 and 2023 did — struggling with low transaction rates, mostly due to high mortgage interest rates. As we moved into spring, the weekly transactional rate never topped more than 240 units per week, when a typical spring market often reaches highs of 400 to 450 contract signings per week! However, last year's lower signed contract rates did remain steady throughout the year at about 200 contracts per week.

There was more trepidation than usual in our local markets leading up to the November elections. With a turbulent presidential election ahead, many anticipated a downturn in buyer activity. However, there was slight relief in August when interest rates briefly dropped to under 6%. The market then saw a steady increase in transactions through the end of the summer and deep into the fall market. As the presidential election came and went, interest rates hovered around 6% to 6.5%. At that time, many in the industry thought the real estate market would enter its typical fall slowdown into the holidays and the end of the year. However, transactional rates stayed strong compared to the past few seasons, and 2024's Q3 and Q4 saw a 30% to 35% increase in contract signings!

The luxury sector, the segment priced at $4 million and above, which many believe to be the bellwether for the rest of the market, recorded an 8.5% increase in listings going into contract compared to 2023. The upper echelon of the luxury market price at $10 million and above, often called the trophy listing sector, saw a 4% year-over-year increase in deals, with 278 contracts signed last year. As a matter of fact, 2024 ranked as the second-best year since 2006, when monitoring of the trophy listing segment began. Interestingly, the No. 1 year for trophy listings was 2021, the pandemic rebound year, when almost 400 trophy properties were listed and sold. Without question, the luxury market has been powered by huge gains in the stock market and the anticipation of a bump in bonuses this year. An interesting leading indicator of the luxury market can be found in the Federal Reserve data of 2020 when the total net worth of the top 1% in the U.S. was $30.3 trillion. By the end of Q2 of 2024, that number grew to $46.7 trillion, and the expectations for the elite 1% are even stronger for this year.

What can we expect in 2025? It's never an easy guess, but here it goes … Interest rates are not expected to go down next year, especially with the Fed indicating that prime rate cuts will be few and far between. However, with the expectation of the 1% getting wildly richer this year, mostly due to deregulation in the stock markets, there should be stronger activity over the next couple of years. Still, only time will tell how things play out in the Manhattan and Brooklyn 2025 sales markets.

For 2024, homes were still trading at around 2018 to 2019 price levels. There has been no real increase in overall property value since then. Of course, there are exceptions, and the luxury market did see a price increase of about 4% on average in 2024 compared to 2023. However, the asking price for standard New York City properties has remained flat. What we're looking for in 2025 is an increase in transaction rate, first and foremost. An increase in the volume of property going under contract will help the overall real estate market moving forward. Only then can we talk about how the increased volume might affect pricing.

Overall supply is another interesting facet to look at for the 2025 New York City real estate market. At the end of 2024, listing supply inventory was trending down, as it typically does towards the end of the year. But last year, particularly after August, there was less inventory than usual by about 500 to 700 units, depending on which month we look at. At the time of this article, there were 5,371 listings on the market. There's not going to be an increase in overall inventory until mid to late January. By the middle of the spring season, we should see inventory surpass 7,000 units. We have a long way to go before we reach that amount, but this is a good indicator of the health of the 2025 market to watch in Q1.

Other things to watch for in 2025 include the stock market, interest rates, overall listing supply and the rate at which buyers put property into contract. Those four leading indicators will determine the direction of the 2025 market, and we should see early in the year what direction the 2025 market will lead us. Other factors remain, of course, but I feel if the stock market is strong, interest rates continue to hover around 6% to 6.5%, and listing supply increases to a healthy amount, the Brooklyn and Manhattan markets will remain strong through the first half of 2025!


Local Happenings

NYC Restaurant Week

January 21 - February 9 2025

Savor the flavors of NYC during Restaurant Week! Discover exclusive lunch and dinner deals at hundreds of top restaurants across all five boroughs. Indulge in curated 2-course lunches, 3-course dinners, or both, and enjoy incredible cuisine at unbeatable prices.

Click HERE for more details!

Compass to Acquire Christie's International Real Estate

The $444 million deal brings the 8th-largest brokerage firm into the Compass fold and represents the brokerage giant’s first major move into the global market.

Courtesy of Real Estate News


Featured Listings


Stay Connected

NYC Welcomed 65 Million Tourists in 2024, Second-Highest in History

New York City welcomed nearly 65 million visitors this year, the second highest total in its history. Mayor Eric Adams and NYC Tourism + Conventions President and CEO Julie Coker on Friday announced a new end-of-year tourism forecast, revealing a 3.5 percent increase in visitors from 2023 and projecting a return to pre-pandemic levels in 2025. NYC remains the most-visited large city in the United States, with the forecast highlighting the city’s near-complete economic and tourism recovery following the pandemic.

In 2024, tourism contributed $79 billion to the city and state economies, including over $51 billion in direct traveler spending. This economic impact spanned a wide range of sectors, including accommodations, dining, entertainment, sports, live theater, arts and cultural attractions, retail, and transportation.

This economic activity also supported over 388,000 leisure and hospitality jobs, representing roughly nine percent of the city’s workforce, and benefitted thousands of small and minority-owned businesses in all five boroughs. Visitor spending also generated over $6.8 billion in tax revenue, saving NYC households roughly $2,000 each in 2024.

NYC continues to be the largest point of entry to the country, with more flights arriving at city airports than any other destination in the United States. The city’s subway system has also rebounded from its post-pandemic slump, reaching one billion trips before the end of the year.

October marked the busiest month for NYC transit since the pandemic, with nearly 114 million subway rides and over 40 million bus rides—10 million more subway rides and 3 million more bus rides than the previous year, respectively.

“With nearly 65 million visitors this year — the second highest figure in our city’s history—NYC has once again solidified its position as the premier destination in the nation and one of the top travel spots in the world,” Adams said. “NYC remains a dynamic hub for tourism, drawing tens of millions of visitors from around the globe and bringing in $79 billion in economic impact.”

Adams continued, “Whether visiting for business or pleasure, the five boroughs has everything you need, from conference halls to theatres to restaurants and hotels — New York City remains the heartbeat of innovation, culture, and opportunity. And we’re looking forward to beating our own tourism record next year with a full recovery.” 


NYC welcomes 65 million tourists in 2024, second-highest in city history

By Aaron Ginsburg

December 23, 2024

Cover image courtesy of Daniel Gillaspia on Flickr

Did you know ‘The Night Before Christmas’ was written in New York’s Chelsea?

This may be hard to imagine, but one of the holiday’s most iconic stories was written in none other than Manhattan’s Chelsea. Ephemeral NY recounts the origins of Clement Clarke Moore’s quintessential Christmas tale, “The Night Before Christmas,” and points to early 19th century life in New York as the inspiration for the classic. As the story goes, the year was 1822, and Moore was said to have come up with the poem on a snowy day while riding around Chelsea in a sleigh, on his way to pick up a turkey from the market.

Moore’s Chelsea estate via Ephemeral NY (L); Book cover (R)

Moore lived with his family on a massive inherited estate at 23rd Street and 9th Avenue—then considered the city’s backwoods. As gleaned from the NY Times, Ephemeral writes that the author, who at the time made a living as a theology professor, wrote the story “simply as a Christmas present for his two daughters, making St. Nicholas the hero at the suggestion of a portly, rubicund Dutchman living in the neighborhood.”

Interestingly, the Moore was said to have been a slave owner, and the sleigh ride that inspired the work was in fact driven by one of his slaves. The figure of Santa Claus—which has become the widly popularized version we know today—was modeled after the family’s jovial Dutch handyman. However, the idea of putting jolly St. Nick into flight puffing a pipe was drawn from Washington Irving’s image of the icon. But the red suit? You can thank Coca Cola for that.

Moore’s story was first anonymously published in a Troy, NY newspaper in 1823. It wasn’t until the 1830s that he was revealed as the writer.

[Via Ephemeral NY]


Did you know ‘The Night Before Christmas’ was written in New York’s Chelsea?

By Diane Pham

December 23, 2016

The Monthly Update - December 2024

Post-Election — NYC Real Estate Update


Leading up to the election, the New York City real estate market saw a nice little uptick in buyer contract signings. That was mostly because interest rates dropped to less than 6% (even for just a few weeks) in late August and early September. Even with the election at our doorstep, the Fall 2024 market enjoyed about a 25% increase in contract-signed activity compared to the year before. However, there was still a cloud over the market as everyone waited to see what the post-election period in New York City real estate would look like, and here it is! 

It’s still kind of busy! As of the time of this newsletter, the weekly contract signed rate ticked up 2%, and buyer activity remains robust. There were two leading indicators to consider prior to the election: One was interest rates, and the other was the election itself. Now that one of those two things is behind us, buyers seem to have at least some sort of handle on what’s going to happen over the next four years with this new administration. Many expect deregulation in the financial markets and a soaring stock market. Many predictions regarding interest rates indicate that they should hover around the 6% mark, drifting slightly up or down depending on other economic conditions. However, with one leading indicator/obstruction out of the way, purchasers seem to have a clearer view of what’s to come, giving them confidence in purchasing real estate once again. How that pans out in the spring remains to be seen. Meanwhile, the in-contract inventory is staying strong as of this Thanksgiving week. Contracts signed marked their third-highest week of the entire year, which nods to buyer sentiment in today’s market. 

While buyers slowly gained confidence, they didn’t have many units to choose from. The fall market never met its historical norm for inventory. Currently, overall city inventory levels remain about 500 to 700 units short compared to a typical fall market. As a result, the inventory supply this winter could see some record lows, and it remains to be seen how supply will bounce back for this spring. Inventory is an important factor in the health of the real estate market, as buyers need choices. The more options they have, the more they come out into the market to purchase. Consequently, many industry professionals are keeping their eye on the overall inventory for this spring, hoping for a strong bounce back. 

Another interesting segment for consideration in the 2025 market is the luxury sector. Many believe the luxury market of homes priced at $4 million and above is expected to be extremely strong next year. The week after the election saw Manhattan’s second-highest luxury contract-signed volume in the borough’s recorded history. The weekly volume for luxury real estate reached $364,685,000, just below the week of December 20-26, 2021, when the total was $368,532,000 -- the all-time high. So, many are keeping their eyes on the luxury sector and how this incoming administration could affect the ultra-rich. 

Overall, there seems to be some sort of light at the end of the tunnel after a two-year slowdown in the Manhattan and Brooklyn real estate markets, which began when interest rates began climbing in the summer of 2022.


Local Happenings

Rockefeller Center Christmas Tree Lighting

DEC 4 - MID JAN 2025

This year's Rockefeller Center Christmas Tree will come from Massachusetts, the first tree to hail from the state since 1959! The 2024 Rockefeller Tree will be lit daily from 5am to midnight. On Christmas Eve the tree will be lit for 24 hours and on New Year's Eve it will be lit from 5am-9pm. The Tree will be on view through mid-January.

Click HERE to learn more!

Celebrate Hanukkah with Jazzukkah at Eldridge Street

DEC 25

Enjoy a festive, jazz-infused spin on Chanukah classics with The Jazzukkah Project, followed by a special candle-lighting ceremony featuring historic menorahs. Perfect for the whole family, this musical holiday celebration on Christmas Day marks the first night of Chanukah.

Click HERE to learn more!


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Saks Fifth Avenue Cancels Holiday Light Show

For the first time in nearly two decades, Saks Fifth Avenue’s holiday light show—a beloved New York City tradition—will go dark this year. As first reported by the New York Post, the festive experience, which attracts hordes of holiday shoppers and tourists to Midtown, has been canceled this year to save money during what has been a “challenging year” for luxury stores, according to the company.

“For many years, the holidays at Saks Fifth Avenue included a light show at our flagship store, and, for some time we have contemplated changing our approach,” the spokesperson told the Post.

“In our 100th year, which also marks the anniversary of the flagship, we are celebrating the season by honoring the architectural significance of this iconic building, elegantly illuminating the façade and framing the holiday windows, as well as highlighting the fashion for which Saks Fifth Avenue is known.”

The 2023 Saks Fifth Avenue light show. Photo by Marco on Flickr.

According to the Post, the department store “acknowledged that it has been a challenging year for luxury, and, like others, we are carefully managing our business to ensure the company is best-positioned for the future.”

The decision to cancel the show was only made in recent weeks.

While they may not live up to the holiday cheer of the light show, the Saks holiday windows will still be on display later this month, featuring luxury brand pieces set against vibrant snowflakes, “dichroic vinyl,” and silver harlequin flooring, according to a press release.

Located across from the Rockefeller Center Christmas Tree, the annual light show was first held in 2004 with a modest display of 50 giant snowflakes that twinkled to “Carol of the Bells.” In 2010, the show implemented digital projections, before blending both physical and digital effects in 2015.

Last year’s show, “Dior’s Carousel of Dreams at Saks,” debuted with an extravagant fireworks display. The light show featured 300,000 LED lights spanning 10 stories of the building, synchronized to holiday tunes in a dazzling display of holiday-themed visuals.


Saks Fifth Avenue cancels holiday light show

By Aaron Ginsburg

November 12, 2024

Cover Photo Credit: Matt Kieffer on Flickr

20 Places to Volunteer This Holiday Season

As the holiday season rolls around and we enjoy time with loved ones, it’s easy to overlook New Yorkers facing hunger, unemployment, homelessness, or health challenges. Thankfully, there are plenty of ways to lend a hand across the five boroughs—whether it’s serving at food pantries or helping deliver meals to seniors. Ahead, discover volunteer opportunities in NYC where you can make a meaningful difference this holiday season and beyond.

Credit: City Harvest

West Side Campaign Against Hunger

Help the West Side Campaign Against Hunger (WSCAH) achieve its goals of alleviating hunger by ensuring all New Yorkers have access to healthy food and supportive services. Founded in 1979 in the basement of St. Paul & St. Andrew United Methodist Church on the Upper West Side, the organization has since grown to expand its services and distribution locations.

Starting Saturday, November 9, WSCH will begin their distribution of turkey and pork shoulder. There will also be several family-friendly shifts on Saturdays to help pack food starting this weekend and continuing through the weekend before Thanksgiving. Registration will open for these shifts a week in advance. Get the details here.

WSCAH offers individual volunteer opportunities for those aged 18 and older at their 86th Street distribution center and 180th Street warehouse and distribution hub. You can learn more here.

Masbia Soup Kitchen and Food Pantry

Masbia was founded in 2015 with one goal in mind: no one should go to sleep hungry. Since then, the non-profit organization has served tens of thousands of meals at its three locations in Brooklyn and Queens, with an average of 1,000 families visiting Masbia each day to get services.

Those looking to aid Masbia in its mission can volunteer, by fundraising, preparing food, taking inventory of pantries, and packing pantry bags. You can learn more about signing up to volunteer at Masbia here.

The group also accepts different types of donations, including food, equipment, and funds.

God’s Love We Deliver

God’s Love We Deliver cooks and provides healthy, medically-tailored meals for New Yorkers who are too sick to shop or cook for themselves. They also offer nutrition assessments, education, and counseling, ensuring the long-term health of their clients. The organization serves nearly 16,000 clients a year, with 70 percent of those served residing in some of the city’s most historically and systematically underserved neighborhoods.

The organization takes pride in the tens of thousands of volunteers who generously help fulfill the mission of God’s Love We Deliver. Each year, around 23,500 volunteers contribute a total of 141,000 hours, providing community service valued at nearly $3 million.

There are many ways to help out at God’s Love We Deliver, whether it’s helping bake dessert items, packing meal bags, or delivering meals. You can learn more here.

Of all the days of the year, Thanksgiving is a very special time for the group. The organization invites volunteers to join them in the kitchen for extra food preparation shifts, packing special tote bags with holiday treats, and delivering meals with friends and family. You can sign up for Thanksgiving volunteer opportunities at GLWD here.

Grand Central Food Program

Founded in 1985 the day after a homeless woman died of starvation in Grand Central Terminal, the Grand Central Food Program has risen to prominence as the largest mobile soup kitchen in the nation.

Each night, the program’s three vans deliver 800 to 1,200 nutritious meals—including hot stew, bread, fresh fruit, and juice or milk—along with coats, hats, gloves, and blankets during colder weather, to those in need at 22 locations throughout the city.

The organization takes up to six volunteers to its first mobile soup kitchen stop at St. Bartholomew’s Church on Mondays through Fridays. The program is also looking for volunteer drivers, but this opportunity requires someone who can work long-term. You can also donate money here.

Citymeals on Wheels

Since its founding in 1981, Citymeals on Wheels has hand-delivered more than 70 million meals to senior New Yorkers in need. The organization wants to end elder hunger in New York City by 2040. Last year, almost 18,000 volunteers served over 25,000 hours to help seniors.

There are many ways to help out with Citymeals on Wheels. Volunteer opportunities include delivering meals, making weekly phone calls to meal recipients, sending handmade cards, meal packing, and helping out in the kitchen.

During the holidays, when older adult centers close, Citymeals provides festive meals to older neighbors. There are opportunities for both walking and driving deliveries. Discover all volunteer opportunities here. You can also make a donation here.

Hour Children

Hour Children is the most prominent provider of services to incarcerated and formerly incarcerated women in New York. With a focus on women and their children, the organization supports families while mothers are in prison and gives them support upon release by providing housing, childcare, job training, and mental health services.

You can volunteer at Hour Children by mentoring women and children, tutoring, conducting mock interviews, assisting with resume writing, sorting donations at thrift shops, and helping with homework or chaperoning summer camp and after-school programs. You can also make a donation here.

New York Common Pantry

NY Common Pantry strives to reduce hunger and food insecurity through programs designed to create long-term independence for its clients. Their approach includes distributing fresh, nutritious pantry packages through the Choice Pantry program, providing balanced breakfast and dinner through the Hot Meals program, and offering supplemental food for seniors ages 60 and older through their Nourish program.

Volunteers play a vital role in NYCP’s success. Individuals aged 16 and older are encouraged to sign up to volunteer at one of the organization’s locations, with opportunities including serving hot meals, assisting in the pantry, and more. Check out NYCP’s volunteer event schedule here.

Helping Hands for the Disabled of NYC

Helping Hands for the Disabled of NYC was established in 1982 as a response to a lack of recreational opportunities accessible to New Yorkers with disabilities. Since then, they’ve been organizing monthly trips that allow disabled New Yorkers to enjoy recreational activities. You can lend a helping hand by delivering food, working on the organization’s phone “Action Line,” and more. You can sign up to volunteer here. Donations can be made here.

St. John’s Bread and Life

Founded in 1982 to support the Bed-Stuy community, St. John’s Bread and Life provides a range of services designed to help individuals and families recover from crises. The organization provides hot meals and distributes nutritious pantry items to those in need, as well as social services led by a passionate case management staff.

Volunteer opportunities at St. John’s include packing pantry bags, stocking food items, preparing produce and protein bags, packing grab-and-go meals, and helping out in the maintenance department. Alternatively, you can also donate money here.

St. John’s is also hosting its 28th annual Sponsor a Family Holiday Program, encouraging donations to help families in need enjoy the holiday season without worrying about food or gifts. A contribution of $125 sponsors one family, but all donations, regardless of amount, are greatly appreciated.

GrowNYC

As New York City’s largest environmental organization, GrowNYC serves over three million residents by providing essential sustainability services to help make the five boroughs greener and promote a more sustainable lifestyle for all.

The organization relies on volunteers to support its food access and agricultural programs, which include a vast network of farmers’ markets, food hubs, green space initiatives, and educational outreach. GrowNYC also operates clothing drop-off sites in Brooklyn, Queens, and Manhattan and has collected over 7.3 million pounds of clothing since 2007. As a non-profit, GrowNYC depends entirely on donations, which can be made here, to further support its work.

The Campaign Against Hunger

For 22 years, the Campaign Against Hunger (TCAH) has worked tirelessly to empower New Yorkers to lead healthier, self-sufficient lives by connecting them with nutritious food and related services.

Founded in a small basement pantry in Bed-Stuy, the organization has since grown into one of the city’s largest food pantries, now providing nutrition education, cooking demonstrations, and a range of social services.

TCAH enlists the help of volunteers for a variety of activities, from unloading food items to harvesting produce at their Urban Farm. Learn more about volunteering with TCAH here and make a monetary donation here.

Holy Apostles Soup Kitchen

As New York City’s largest soup kitchen, Holy Apostles plays an integral role in helping less fortunate New Yorkers get connected with vital resources like food and social services. Since 1982, the organization has served over 13 million meals, welcoming individuals from all backgrounds.

Holy Apostles constantly needs volunteers to help prepare and distribute meals as part of their grab-and-go meal program. You can also donate to Holy Apostles here. According to the organization, every $5 donation provides 5 meals for neighbors in need of food.

Neighbors Together

Based in Brooklyn, Neighbors Together is dedicated to ending hunger and poverty in the neighborhoods of Ocean Hill, Brownsville, and Bed-Stuy—three of the city’s lowest-income areas. The organization offers food and social services five days a week, serving more than 10,000 New Yorkers a year.

Neighbors Together welcomes volunteers to lend a hand, whether by helping out at their community cafe or contributing unique skills to support their mission. You can also make a donation here.

A House on Beekman

Based in the South Bronx, A House on Beekman provides various programs aimed at closing the opportunity gap for local children. The organization offers services to children and youth throughout all stages of development, including preschool, afterschool, summer camp, and enrichment opportunities for elementary, middle, and high schoolers to prepare them for adulthood.

Volunteer opportunities at A House on Beekman include providing homework help, leading parent workshops, helping out in a preschool classroom, and more. You can also make a donation here.

St. Joe’s Soup Kitchen

St. Joe’s Soup Kitchen is an all-volunteer organization with a single mission: to feed hungry and homeless New Yorkers in a warm, uplifting environment each Saturday afternoon. Located in the First Presbyterian Church in Greenwich Village, the church covers utility costs, allowing nearly every dollar from donations to go directly towards food, supplies, and equipment needed to serve over 300 meals each week.

You can volunteer at St. Joe’s on Saturdays to help serve meals during the morning shift and/or afternoon shift. You can also donate money here. For every $2 that’s donated, St. Joe’s is able to provide a hungry person with a nutritious meal.

City Harvest

City Harvest is New York City’s first and largest food rescue organization, founded with the belief that no New Yorker should ever go hungry. The organization rescues good quality, nutritious food that would otherwise go to landfills and delivers it for free to New Yorkers dealing with food insecurity.

There are many ways to volunteer with City Harvest, including helping out at the organization’s mobile food markets, repackaging produce for distribution, rescuing seasonal produce from greenmarkets, and more. You can also donate to City Harvest here.

River Fund

Located in Richmond Hill, River Fund is a non-profit organization committed to fighting hunger, homelessness, and poverty, mainly serving low-income families and individuals in Queens. Established in 1991, the organization provides an array of essential services, including food distribution, nutrition counseling, and health screenings, as well as financial assistance and resources.

River Fund invites volunteers to help it break the multigenerational cycle of poverty by empowering individuals and families to build a brighter future. There are opportunities to volunteer on holidays too, including Thanksgiving and Christmas. You can learn more about and sign up for volunteer opportunities here. You can also donate money here.

The Bowery Mission

The Bowery Mission has served New Yorkers in need since the 1870s, in a neighborhood that earned the nickname “Skid Row” for its struggles with homelessness and hunger. Their children’s programs, known as Mont Lawn City Camp & Summer Camp, have served young New Yorkers since 1894.

The organization offers meals, clothing, showers, and shelter, as well as residential and community programs, transitional housing, and support for alumni.

You can make a difference in someone’s life this holiday season by volunteering at Bowery Mission. Opportunities include serving meals, tutoring and mentoring clients, or offering a special or professional skill. Bowery Mission also accepts donations here.

The organization’s Thanksgiving Day meals, the longest-running Thanksgiving celebration in NYC, returns on November 28. As part of this holiday tradition, all guests are treated to a traditional Thanksgiving meal, festive live music, and a warm, welcoming community. Hot breakfast will be served from 8 a.m. to 9 a.m., and Thanksgiving meals will be available from 11:30 a.m. to 4 p.m.

Connected Chef

Connected Chef is a group of cooks and restaurants on a mission to provide Queens households with consistent access to local, healthy food, teach healthy eating practices, and provide pathways to financial agency. Through its Lifeline Groceries program, the group delivers fresh groceries to Queens households and sells local goods at its Urban Farm Stands.

The organization is looking for volunteers to help deliver groceries to Queens families, conduct community outreach, prepare grocery packages for deliveries, or help set up its Urban Farm Stand. You can also donate here.

Encore Community Services

Roughly 1.8 million older adults live in New York City, with an expected 40 percent increase by 2040. Despite this, the city provides just a fraction of the required funding for critical services to help senior New Yorkers. Encore Community Services seeks to confront this alarming issue by providing older adults with a wide range of services to help them lead independent and dignified lives.

The organization offers a slew of services at its Older Adult Centers, including a variety of recreational and educational activities, health and wellness programs, and meals. They also hand deliver thousands of meals to seniors at home.

Encore offers a variety of volunteer opportunities, allowing New Yorkers to improve the lives of their older neighbors. These options range from packing pantry bags to delivering meals to seniors at home. You can also make a donation here.


20 places to volunteer in NYC this holiday season

By Aaron Ginsburg

November 7, 2024

Cover Photo Credit: Lydia Lee

The Monthly Update - November 2024

What’s Next?

After a rebound of sorts this fall, the city’s contract-signed numbers are about 25% higher than this time last year. However, as of late, there seems to be a slight wait-and-see approach taken by buyers (and sellers), partly due to interest rate fluctuations and next week’s presidential election. That said, the 2024 fall season as a whole has been much more robust than the past couple of years. Another contributor is the lower-than-normal inventory levels. Overall, city inventory did not exceed 7,000 homes this year. At the time of this article, there are 6,856 listings on the market ready to be sold. Historically, most fall markets see an increase in inventory well over 7,500 total listings. With the low inventory and elevated contract-signed rates, the city’s real estate foot soldiers — the agents, brokers and salespersons representing buyers and sellers — could definitely feel the increase in activity. 

However, the increased activity didn’t create a true seller’s market! The uptick did not give sellers license to start raising prices closer to 2015-2016 levels, which was the last time homeowners enjoyed a full-fledged seller’s market. Today’s busier-than-usual conditions didn’t even eclipse pricing seen during the COVID rebound markets of 2021. Instead, this year's fall market experienced a slight uptick in activity. Nothing more. However, because it’s been so sluggish for the last 24 months, any increase in activity felt like a breath of fresh air, and all of us felt far busier than we have been since interest rates rose in the summer of 2022. 

The swell in activity was felt primarily in the lower price end of the market, generally at about $2 million and below. That’s no surprise, as buyers in that sector tend to be much more cognizant of and reliant on interest rates. As a result, it’s no surprise the decrease in interest rates coupled with strong pent-up buyer demand created an uptick in buyer movement. And when interest rates, for a brief moment, dipped below 6%, buyers came back to the marketplace and put property under contract. 

But what’s in store? That is the question moving forward, regardless of who takes office, Republicans or Democrats. The city’s real estate market needs lower interest rates to start fueling the very evident amount of pent-up buyer demand. Sellers also need to participate in this comeback as buyers need inventory to choose from in order to start putting more property into contract and create a more sustainable recovery. All this needs to happen before there’s any talk of a “seller’s market." Meanwhile, the recent uptick is a welcome sight for many brokers who’ve been pounding the pavement with their buyers or laboriously selling units that took months, if not years, to sell. 

Looking ahead, the economy remains strong enough, but only time will tell if that continues under the newly elected administration. Interest rates should start to go down further, but only time will tell if the Fed agrees with lowering the interbank rate and passing those savings onto consumers in the way of reduced interest rates across the board. 

So, What’s Next? Only time will tell!


Local Happenings

New York City Marathon 2024

NOVEMBER 3, 2024

Cheer on your family and friends at this year's NYC Marathon! Thousands of runners from all over the world gather in the big apple, annually, to compete in a 26.2-mile race that spans across all five boroughs. It’s an impressive all-day event that you don't want to miss!

Click HERE to learn more!

Luna Luna: Forgotten Fantasy

NOV 20 – JAN 5, 2025

Hold on! There's an arsty carnival displaying authentic installation pieces by some of the world's most influential artists from the 20th century? Sign me up! What has been described as “The art event of the year”, by The Independent, Luna Luna was created on the idea of the world's first art amusement park.

Click HERE to learn more!


Featured Listings


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3 Hanover Square, Unit PH21C

3 Hanover Square, Unit PH21C

FINANCIAL DISTRICT, MANHATTAN

Asking $895,000

1 Bed  |  2 Bath | Co-op

 

Just say no, to cookie-cutter white box living! This brand new, never lived in expansive one-bedroom, one-bathroom penthouse level unit features exceptional finishes, one-of-a-kind views, generous storage and an outstanding Downtown location in a historic, full-service FiDi cooperative.

Inside this approximately 900-square-foot showplace, beamed ceilings rise above dark, wide-plank floors and oversized tilt/turn windows on the northern, southern and western exposures. A gracious foyer flanked by a coat closet ushers you into a massive 30-foot-long great room perfect for relaxing and entertaining. In the living area, you’re surrounded by custom built-ins and glorious atrium views that give the home a garden-apartment ambiance high on the 21st floor. Plan your next dinner party in the bright dining room featuring a designer light fixture and partial East River views. The open designer kitchen elevates every meal with custom cabinetry, a pull-out pantry, quartzite countertops, a large waterfall island/breakfast bar and pendant lighting. Enjoy a suite of upscale Jenn-Air and Liebherr stainless steel appliances, including a gas range, bottom-freezer refrigerator, dishwasher and built-in microwave.

Head to the corner bedroom to discover exposed brick, a sunny skylight, roomy closets and a generous king-size layout. The sophisticated spa bathroom boasts a wide vanity, custom mirror, walk-in benched shower and elegant floor-to-ceiling stone tile. Custom lighting throughout with Lutron dimmer switches and a dedicated storage unit add wonderful convenience to this fantastic FiDi retreat.

Originally built for the New York Cotton Exchange, 3 Hanover Square is a regal limestone building and one of the Financial District’s first residential conversions. Residents of the well-maintained co-op enjoy full-time doorman/concierge service, a live-in superintendent, laundry on the floor, and storage on each level. Pets, pieds-à-terre and subletting are permitted with board approval.

Situated in the historic Financial District, just a stone’s throw from Wall Street and the revitalized Seaport District, this home enjoys easy access to fantastic Downtown shopping, dining, nightlife and entertainment. There is a bagel shop, deli and restaurants within the building, and the Oculus/Westfield World Trade Center, Whole Foods, and Stone Street’s great outdoor cafés and bars are just blocks away. Relax in the Queen Elizabeth II Garden pedestrian plaza right outside the building, or head to the river bikeways or The Battery for waterfront outdoor space and recreation. Transportation options are plentiful with J/Z, 2/3, 4/5 and R trains, excellent bus service, CitiBikes and the Pier 11 ferry landing all just minutes away.

Uber Launches Shuttle Between Lauardia and Midtown

Hailing a ride to and from LaGuardia Airport just got cheaper. Uber on Tuesday launched a new $18 shuttle service with two routes connecting Midtown Manhattan and LaGuardia Airport, operating daily every 30 minutes from 5 a.m. to 10:45 p.m. Stopping at Port Authority, Grand Central Terminal, and Penn Station, the passenger vans can carry up to 14 passengers with each rider allowed one personal item and one piece of luggage.

month, riders who choose the Shuttle option will receive a 50 percent discount, reducing the fare to $9.

Shuttle routes from Midtown to LaGuardia:

  • Route one stops:

    • Port Authority Terminal (340 West 42nd Street, New York) 

    • Grand Central Terminal (106-110 East 42nd Street, New York)

    • LGA Airport Terminal C Arrival level curbside

    • LGA Airport Terminal B Arrival level one – Pillar five 

  • Route two stops:

    • Penn Station (214 West 34th Street)

    • LGA Airport Terminal B Arrival level one – Pillar five

    • LGA Airport Terminal C Arrival level curbside

To book a shuttle on Uber, enter your pick-up and drop-off locations, then select the “Shuttle” option. After viewing the fare and pickup time, tap “Request” to complete your reservation. You can reserve up to four seats, with reservations available up to seven days in advance.

LaGuardia is served by five different MTA bus routes, including the free Q70, which travels from Roosevelt Avenue and 61st Avenue, and the M60 route, which connects the Upper West Side and the airport. The Q47, Q72, and Q48 also have stops at the airport.



Uber launches shuttle between LaGuardia Airport and Midtown

By Aaron Ginsburg

October 8, 2024

Images courtesy of Uber

515 East 72nd Street, Unit 40E

515 East 72nd Street, Unit 40E

UPPER EAST SIDE, MANHATTAN

Asking $2,795,000

2+ Bed  |  2.5 Bath | 1,669 SF | Condo


 

This exceptional high-floor two-bedroom, two-and-a-half-bathroom condo ticks all the boxes with an expansive split-bedroom layout, premium finishes and two private terraces in the Tower Residences at a contemporary full-service building with five-star hotel-like amenities and an enviable Lenox Hill location. This unit is also an easy conversion to a three bedroom- see alternative floor plan.

With 10 foot ceiling heights, and located just beneath the penthouse level, this 1,669-square-foot showplace makes a dramatic first impression with walls of windows capturing unimpeded outlooks to the west and north. A gracious foyer flanked by a coat closet and chic powder room introduces the home's wide-plank natural walnut floors and tall ceilings. Ahead, the nearly 31-foot-long corner living/dining room invites you to relax and entertain surrounded by a wraparound balcony and views that stretch from cotton candy sunsets and iconic Midtown skyscrapers to the East River, Roosevelt Island, The Bronx, Queens and beyond. Elevate your culinary expertise in the sleek open kitchen adorned with ebony Macassar cabinetry, Calacatta Gold marble countertops and Dornbracht hardware. The upscale appliances include a Bosch five-burner cooktop and oven, a Sub-Zero refrigerator, a Miele Incognito dishwasher and a Viking convection microwave.

The sprawling owner's bedroom boasts plenty of space for a king-size bed and furnishings, plus a home office or fitness area alongside a private north-facing balcony. Two walk-in closets tend to wardrobe needs, while the en suite spa bathroom offers a large glass shower, a polished marble and ebony Macassar floating vanity and stunning floor-to-ceiling stone tile. Across the living room, the secondary suite boasts western vistas, a roomy closet and a well-appointed private bathroom. An in-unit washer-dryer and individually controlled PTAC units in each room add comfort and convenience to this exquisite Lenox Hill haven.

Enjoy luxury living at 515 East 72nd Street, a modern high-rise condominium featuring a near-endless list of five-star amenities and attentive staff, including 24-hour doorman, concierge, porter, housekeeping and on-site valet parking service. The pet-friendly building's 40,000 square feet of amenities include a landscaped half-acre private park with a lawn, yoga space and outdoor lounge. Recreation and relaxation await in the state-of-the-art fitness center, Olympic-size indoor saltwater pool, hot tubs, sauna and steam rooms, rock climbing wall, indoor squash and basketball courts, while the full-service Elements Spa is just an elevator ride away. A playroom, piano room, and media lounge, complete this superb hotel-like enclave. The beautiful lobby and hallway have recently undergone an extensive renovation.

Located on a tranquil Lenox Hill cul de sac overlooking the East River, this home is inches from a lovely riverside plaza at the end of the block and access to the spectacular East River promenade on the next street. The Upper East Side's signature shopping, dining, entertainment and medical centers fill the neighborhood. Transportation is effortless with Q and 6 trains, excellent bus service, CitiBikes and the FDR all within easy reach.

Please note: There is an assessment of $1,123.20 per month in place until April of 2026 to cover the recent renovation of the lobby and hallways and Local Law 11 work. Also taxes are displayed assuming a STAR abatement.

The Monthly Update - October 2024

Is There Relief In Sight?

Last month, real estate talk in the Manhattan and Brooklyn markets centered around interest rates and whether they'd fall soon. That all came to fruition when the Fed met last month and finally lowered the interbank rate by 50 basis points — the first rate cut since March 2020! 

The assumption has been that buyer pent-up demand has been escalating since rates started rising in Summer 2022, with the expectation that the Fed lowering rates would bring buyers back. So, has that happened??? The foot soldiers of the real estate industry — the real estate agents who pound the pavement every day working on behalf of their clients to get the best price possible — are, in fact, seeing an uptick in volume and overall transaction rates since the Sept. 18 rate cut. Looking ahead to October, is there any anecdotal evidence or water cooler chatter about busier open houses or more buyer inquiries, at the very least? The short answer is yes! 

The number of listings that went into contract in September was up, driven mainly by mortgage interest rates that declined throughout the month, including after the Fed's 50-point reduction. Twenty-five percent more contracts were signed in Sept. 2024 than in Sept. 2023. That's great news since September is often one of the slowest months for listings to go into contract (contrary to popular belief), while October is generally the busiest month of the fall season for signed contracts. 

Put another way, September is a “listing month“ in New York City, not a “signed contract” month. Historically, there's a spike in new listings after Labor Day, which starts to taper off later in the month. However, this September, the number of new listings was lower than last year. Buyers coming back into the market with zest and vigor because of lower rates, but with less inventory to choose from — this is the ideal seller's market recipe sellers have been waiting for over two years! 

Don’t get me wrong, there are still hurdles to overcome. Real estate generally doesn't turn around overnight, and we still have the election and other geo-political situations to navigate through the rest of 2024. The challenges that might prevent a strong 2025 spring season are not completely clear at present. I’m not making a call that spring will see the return of a full-fledged seller's market — there are just too many unknown factors at play right now. That said, it is shaping up to be one of the stronger spring seasons the market has seen in quite some time. Maybe even going back to 2015-2016, the last time sellers enjoyed a brisk market in their favor.

But only time will tell. Inventory is still quite low compared to historical norms, and signed contract numbers are up YOY. If these two things continue on the same path, and the Fed continues to lower rates, as they are slated to do a few more times this year, things could be looking up for the New York City market – finally!


News & Local Happenings

NYC Food & Wine Festival

OCTOBER 17 - 20, 2024

It's that time of the year! Check out four days and over 80 events for this year's NYC WFF hosted by Food Network. The foodie extravaganza consists of city-wide tastings, limited time offers, pier parties and more! Click HERE to learn more!

Pickle For P.I.N.K.

OCTOBER 23, 2024

The proceeds will support breast cancer research through Breast Cancer Research Foundation (BCRF), the highest rated breast cancer organization in the US. Looking to play?

Click HERE to register.

Can't make it but would like to donate? Click HERE to donate.

NYC Village Halloween Parade

OCTOBER 31, 2024

It's back and spookier than ever! Head downtown to check out this year's iconic parade, stretching along 6th Avenue from King Street to 15th Street. Expect to see more than 50,000 ghouls, zombies, witches, robots, Jedis, monsters and more to take the streets! Click HERE to learn more!


Listing Spotlight


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536 East 13th Street, Unit 4R

536 East 13th Street, Unit 4R

East Village, MANHATTAN

Asking $1,548,000

2 Bed  |  1 Bath | 866 SF | Condo


 

Welcome to this sun-drenched two-bedroom home in the heart of the East Village, located within a boutique condominium. This south-facing residence offers a bright and inviting atmosphere, highlighted by a private balcony perfect for soaking up the sunshine. The spacious interior features large Belgian casement windows that bathe the living space in natural light, complementing the wide plank oak floors and high ceilings. With picturesque views of a landscaped rear yard and a charming East Village garden, this home strikes a perfect balance between urban living and serene surroundings.

The kitchen is a blend of style and functionality, featuring custom Italian cabinetry and integrated stainless-steel appliances from Bertazzoni, Liebherr, and Bosch. A custom marble island serves as both a practical workspace and a beautiful spot for entertaining. The spa-like bathroom is adorned with luxurious marble finishes, built-in shelving, and a deep 63-inch Zuma soaking tub, creating a relaxing retreat. Both bedrooms offer ample closet space, and the unit includes deeded private storage that can double as a personal workout area. Included in the sale is a private keyed storage room.

Conveniently located just steps from Target, Trader Joe’s, and soon-to-be-open Whole Foods as well as a variety of dining and shopping options, this home offers easy access to the L train, which connects to Union Square and Williamsburg in one stop. Built in 2016 by the esteemed GRID Group, the building features modern amenities, including a large elevator, a virtual doorman system, and low HOA fees. With only two units per floor, privacy is assured, making this a true urban oasis in the vibrant East Village.

*Broker/Owner

30 Rock’s New ‘Skylift’ Platform Will Takes Visitors 900 Feet Above NYC

The view from one of New York City’s most iconic observation decks is about to get even better. Opening on October 1, Skylift at the Top of the Rock takes visitors above the 70th floor at 30 Rockefeller Plaza on an open-air platform that offers unobstructed, 360-degree city views. The new experience starts at $35 as an optional add-on to general admission to the Top of the Rock.

Skylift’s circular, open-air fiberglass platform draws inspiration from Rockefeller Center’s distinct Art Deco architecture, with marble-like tiers reflecting design motifs found throughout the landmark. After stepping onto Skylift, the attraction slowly brings guests 900 feet above Manhattan and gently rotates 360 degrees, offering panoramic views of the five boroughs.

No need to ruin the sky-high moment with selfies, the experience includes a video of each guest at the pinnacle of the ride.

Skylift features 96 LED pixel flutes that create a dazzling light show, visible across the city skyline. These lights can be customized to celebrate special dates and holidays.

Tishman Speyer calls the Skylift the “crown jewel” of the revitalization of Rockefeller Center, which has undergone a campus-wide transformation over the last five years. The Beam at the Top of the Rock, a 69th-floor rooftop ride that lets guests recreate the iconic “Lunch Atop a Skyscraper” photograph, opened in 2023, a new park on the rooftop of Radio City Music Hall opened in 2021, and the campus’s iconic sunken plaza has been restored with new fine dining options and retailers.

“Rockefeller Center is full of amazing experiences, but none quite as breathtaking as Skylift,” EB Kelly, senior managing director at Tishman Speyer and head of Rockefeller Center, said. “The thrilling experience of revolving 900 feet above ground for 360-degree views, eye to eye with skyscrapers in the beating heart of New York City, is one no visitor will forget.”

“Skylift is the crown jewel of our revitalization of Rockefeller Center, which has brought a new vibrancy and energy to every corner of campus.”

Skylift will operate daily from 8 a.m. to 12 a.m., with the last entry at 11:10 p.m. Tickets start at $35 as an add-on to Top of the Rock general admission and express passes. Entry to Skylift is also included with VIP and VIP Rock passes. Tickets can be purchased here.


30 Rock’s new ‘Skylift’ platform takes visitors 900 feet above NYC

By Aaron Ginsburg

September 25, 2024

Renderings courtesy of Tishman Speyer