Radio City Music Hall Is Getting A Rooftop Park And Skybridge

A skybridge that leads to a landscaped rooftop park is coming to Radio City Music Hall. The Landmarks Preservation Commission on Tuesday approved plans from G3 Architecture Interiors Planning and Tishman Speyer to construct a simple pedestrian bridge clad in statuary bronze that would connect the building at 1270 Avenue of the Americas to the planned roof garden atop the historic theater, which will be amenity space for Rockefeller Center tenants. Interconnected green terraces were part of the original architectural vision for the Rockefeller Center complex and this project, which be called Radio Park, will finally bring the plan to fruition.

Historic renderings of Rockefeller Center complex proposal shows rooftop gardens and a skybridge; Courtesy of the NYC Landmarks Preservation Commission

Historic renderings of Rockefeller Center complex proposal shows rooftop gardens and a skybridge; Courtesy of the NYC Landmarks Preservation Commission

Located within the Rockefeller Center complex, Radio City Music Hall opened in 1932 with designs by the Associated Architects and Donald Deskey. The city designated the building as an interior and individual landmark in the late 1970s.

Both the new garden and skybridge are not novel ideas for the iconic complex. As envisioned in the 1930s by architect Raymond Hood and landscape architect Ralph Hancock, Rockefeller Center already has existing roof gardens, as seen at 610 and 620 Fifth Avenue and 1250 Avenue of the Americas.

In a 1934 article, The New York Times called Hood a “pioneer in the treatment of building roofs” for putting thought into the long-forgotten tops of towers, as well as the office workers looking down on them.

“The view from the tower window of Radio City–and the privileged towers of the blocks adjacent–will look down not upon the dirty-brown cluttered waste of unrelieved ugliness which is the roof view of New York, but upon a picture to which art and nature have contributed color and design with a note of gayety,” Hood once said, according to the article.

Rendering courtesy of Tishman Speyer

Rendering courtesy of Tishman Speyer

According to the architects, access to the rooftop park would be possible through 50 Rockefeller Center and from the newly constructed skybridge to be built from the 10th floor of 1270 Avenue of the Americas. The architects plan to remove existing windows on the east side of 1270 Avenue of the Americas and convert them to doors and remove existing limestone cladding and aluminum spandrel, which will be stored for reuse.

The new bridge will feature a medium-bronze finish panel cladding, glass railings, and lights also in bronze that will be located between panels. The lighting will also be found throughout the garden, illuminating its pathways.

Courtesy of the NYC Landmarks Preservation Commission

Courtesy of the NYC Landmarks Preservation Commission

Measuring 24,000 square feet, Radio Park will feature paved and landscaped areas, pathways, pavilions, and plenty of seating and lounging areas. Notably, neither the skybridge nor the garden will be visible from street level, a major factor in the LPC’s approval on Tuesday.

The commissioners expressed excitement for the project, both for its nod to the historic vision of Rockefeller Center as well as what it could mean for the future of New York City and its recovery in the aftermath of the pandemic. “What a great affirmation this is, not just for Rockefeller Center, but for our city during this time,” LPC Commissioner Frederick Bland said of the project.

EB Kelly, who manages Rockefeller Center for Tishman Speyer, said during Tuesday’s hearing that COVID-19 has highlighted the importance of outdoor space for New Yorkers and sees the rooftop park as a way to bring office workers back to the complex.

Manhattan Board Community 5 recommended approval for the project and Kelly Carroll of the Historic Districts Council testified in favor of the proposal. “There is both historic and current precedent for rooftop use within the Rockefeller Center complex and the proposed skybridge makes more roof access possible,” Carroll said on behalf of the HDC. “The insertion of the bridge within existing masonry openings is sensitive and this application is totally appropriate.”

According to a spokesperson for Tishman Speyer, the rooftop park is expected to open in the fall of 2021 and will be available to those working in Rockefeller Center and their guests.

“As we continue to reimagine our physical spaces and the experiences we can offer at Rockefeller Center, we are thrilled that the Landmarks Preservation Commission approved our proposal, which dates back to the earliest days of Rockefeller Center’s conception,” a spokesperson for Tishman Speyer said in a statement to 6sqft. “During this time when outdoor access is important, it is especially meaningful to be able to provide an additional 24,000 square feet of green space at the Center.”

The rooftop garden is the latest plan from Tishman Speyer to address the needs of New Yorkers in a new post-COVID era. Last April, Landmarks approved plans to restore the connection between the concourse and the sunken plaza, an element included in the original plans for the historic Midtown site. The project will reclaim a path for pedestrians around the plaza, while also creating a better connection to the concourse, as 6sqft previously reported.

The Monthly Update - March 2021

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What A Roller Coaster!

 Nobody thought that at the end of February and the dawn of the spring market that inventory would be diminishing, but that's exactly what we're seeing. Buyers are snatching up homes as soon as they come onto the market and last summer's COVID slowdown seems to be a distant memory. 

While pricing is still a key factor in how quickly things will move, buyers are definitely on the hunt and ready to purchase. We were seeing 15, 18, 25 people at open houses by appointment. Of course, not all properties sell in one weekend.  It can still take 30 to 45 days for buyers to cycle through listings before they make the offer but they are making offers and that's a far cry from six months ago (when we tied the recorded high total inventory volume). Today, inventory is shrinking, and it's buyers who are initiating the push.

That said, no one knows if this momentum will continue. As we move deeper into the spring market and more and more homes are listed, it remains to be seen if buyer's appetites will continue to consume that much product. But, something tells me the Manhattan marketplace (and New York City as a whole) is on the verge of roaring back. The luxury market is responding like it hasn't in half a decade. Which is a huge relief!

If you look at the bigger picture, before COVID, the real estate market gradually declined between 2015 to the end of 2019. We were just starting our cyclical climb back up when COVID hit. So, it feels like we're starting now where 2019 left off. The real estate market just forgot about 2020 and is jumping right into 2021! At least as far as activity is concerned. 

No one knows what the future will bring, but I can tell you that it appears to be quite bright. Everybody in the industry is buzzing with transactions, deals, and energy so be sure you contact me to get in the game before you miss the boat! 

Coney Island Amusements Can Reopen in April!

Looking ahead to warmer months, Gov. Andrew Cuomo on Wednesday said outdoor amusement parks, indoor family entertainment centers, and overnight summer camps in New York will be allowed to reopen. If the state’s coronavirus positivity rate continues to trend downward, indoor entertainment centers can reopen starting March 26 at 25 percent capacity, outdoor amusement parks and rides on April 9 at 33 percent capacity, and eventually, overnight summer camps in June.

All facilities that plan to reopen must submit plans with health protocols to the local health department. Customers will be required to have a health screening and temperature checks and face coverings and social distancing will be mandated. More specific details for sleepaway summer camps will be released by the state’s Department of Health in the coming weeks.

Indoor entertainment centers, which Cuomo has not yet laid out which businesses fall into this category, and amusement parks must disinfect high-touch areas throughout the day, have staff enforce compliance, and sell timed tickets in advance. If attractions cannot ensure distancing or frequent sanitation, they cannot reopen.

“With continued decreases in the infection and hospitalization rates, we have been able to take steps toward beginning our post-COVID recovery and we are excited to now be in a place where we can bring back our recreational industries with safety protocols in place,” Cuomo said in a statement. “As we’ve said time and time again, our success will be dictated by our actions and as long as we stay united and keep carrying this momentum forward in a positive direction, we will be able to see more and more sectors of our economy reopen.”

Coney Island amusements can finally reopen in April

Coney Island amusements can finally reopen in April

The announcement is especially good news for outdoor amusement parks, which remained one of the few industries in the state unable to reopen since the start of the coronavirus pandemic. Even last August as bowling alleys, gymsindoor museums, and cultural institutions were permitted to reopen at limited capacity, outdoor rides and attractions remained closed.

Coney Island amusement operators have urged Cuomo to release reopening guidelines since last summer, but until Wednesday, there has been little information from the state, except that amusement parks are a “unique risk” for spreading COVID-19.

Caitlin Girouard, a spokesperson for the governor, told Politico last August: “Places of public amusement remain closed under current State policy as they present a unique risk for transmission of coronavirus due to the high-traffic, high-touch, shared machinery and equipment, and opportunity for congregation.”

Last summer was meant to be a big season for Coney Island, following a $13 million renovation of Luna Park and the 100th-anniversary celebration of Deno’s Wonder Wheel. In January, Council Member Mark Treyger, who represents Coney Island, wrote a letter to Cuomo that laid out ways to reopen the outdoor park for the 2021 season, which typically begins on Palm Sunday.

“While indoor activities such as casinos, gyms, museums and spa services reopened to the public during the summer, the state refused to lift the ban on outdoor amusements, eliminating any opportunity for the businesses to operate during the peak tourist and visitor months,” Treyger said, as the Brooklyn Eagle reported. “It is reported widely that this past season resulted in an estimate of at least $100 million in revenue loss for the Coney Island amusement district.”

As New York’s COVID-19 data continues to trend in the right direction, Cuomo has announced a number of reopening plans. This month, the subway will resume some overnight serviceindoor dining returned, the curfew at restaurants and bars was extended, and large arenas and stadiums will reopen to fans.

$70M Plan To Build Manhattan’s First Public Beach

What at first appeared a lofty dream is now closer to reality. The Hudson River Park Trust on Thursday announced three requests for proposals for the construction of Manhattan’s first public beach. The project includes a 5.5-acre public park on the Gansevoort Peninsula in the Meatpacking District that would be home to a resilient “beach” with kayak access, a sports field, scenic lounge spots, and a large public art installation.

Credit: James Corner Field Operations, courtesy of the Hudson River Park Trust

Credit: James Corner Field Operations, courtesy of the Hudson River Park Trust

The site, located on the western end of Little West 12th Street and what remains of 13th Avenue, formerly served as a parking lot for the city’s Department of Sanitation. In 2019, the Hudson River Park Trust tapped James Corner Field Operations, the team behind the High Line and Domino Park, to design the new park.

The park at Gansevoort Peninsula will include a sandy beach area with kayak and small boat access, a lawn, a seating area north of the waterfront, a sports field, a dog run, lounge chairs, and a salt marsh with native grass and plantings.

On the southern end of the park, the Whitney Museum of American Art is currently constructing David Hammons’ Day’s End art installation. With its open, skeletal structure, the publicly accessible artwork is an ode to an earlier work created by Gordon Matta-Clark on Pier 52. Gansevoort Peninsula will be the largest single green space in the four-mile-long Hudson River Park, according to the Trust.

Credit: James Corner Field Operations, courtesy of the Hudson River Park Trust

Credit: James Corner Field Operations, courtesy of the Hudson River Park Trust

“Gansevoort Peninsula will be a spectacular public space for all New Yorkers, whether they’re enjoying Manhattan’s first public beach, playing on the ballfields, or looking out in the salt marsh,” Madelyn Wils, president of the Hudson River Park Trust, said. “As Hudson River Park moves closer to completion, we are excited to be in position to start construction on one of our signature projects this coming spring.”

The $70 million project is being funded by the city and restricted funds to the Trust. Construction was initially expected to begin last year, but like most development projects, the coronavirus pushed the start date to later this spring with a completion date of 2023.

Hudson River Park’s Pier 26 opened last September and includes 2.5 acres of indigenous plants, recreation fields, and an impressive man-made rocky tidal marsh, and a cantilevered walkway. Forthcoming projects included Little Island at Pier 55, which has a spring opening datePier 57 with Google as the anchor tenant, Pier 97, and the reconfiguration of Chelsea Waterside Park.

“We are thrilled that the Trust is continuing to build on the success of the recently opened and very popular Pier 26 with the redevelopment of Gansevoort Peninsula,” Deputy Mayor Vicki Been said. “The creative and unique design will add to New York City’s diverse and ever-growing selection of world class parks and community spaces. The City is proud to invest in expanding open spaces for New Yorkers and moving the Hudson River Park one step closer to completion.”

Jerry Seinfeld, Fran Lebowitz Among Other Celebs Making New COVID PSAs For The MTA

Photo by Jenna Day on Unsplash

Photo by Jenna Day on Unsplash

Jerry Seinfeld, Edie Falco, Cam’ron, Debbie Mazar, Whoopie Goldberg, Fran Lebowitz–these are just a few of the 25 New York celebrities whose voices were recorded by the MTA for a new set of subway PSAs. The announcements, which begin today, are meant to bring humor and some good old-fashioned NYC swagger to the subway as the city begins its recovery. The project was done in collaboration with Nicolas Heller, a talent scout who has gained notoriety for his popular Instagram account New York Nico. “This was such a dream project and I wanna give a huge thanks to my team who helped make this whole thing happen in less than 6 weeks with $0,” he wrote in a post today.

According to the MTA, the project was conceived to bring “a dose of authentic New York swagger into the system” and to provide “a morale boost and some much-needed humor for customers returning to the system as New York begins to recover from the pandemic.”

The full campaign will include roughly 50 recordings, and this first phase will run for about a month at 400 subway stations, thousands of subway cars, and close to 4,500 buses.

In a statement, Heller said:

This is such an honor for me. Mass transit is the cultural lifeblood of our city and partnering with the MTA to bring some joy into the system after the most challenging year imaginable is the least I can do to help with the system’s broader recovery. The city’s subways and buses–and the range of characters who ride them–have always been central to my work and I’m so grateful that I could help bring some of the most recognizable voices of iconic New Yorkers to the system. The members of the MTA workforce have braved the pandemic and heroically moved essential workers throughout the pandemic. This is for them.

All of the celebrities involved in the project were asked to infuse their personalities into the recordings while putting an emphasis on mask-wearing and social distancing. The full list of 25 participants is:

Cam’ron

  • Whoopi Goldber

  • Young M.A.

  • Jerry Seinfeld

  • Edie Falco

  • Bowen Yang

  • Awkwafina

  • Angie Martinez

  • Bob the Drag Queen

  • Debi Mazar

  • Michael Rapaport

  • Jadakiss

  • DesusNice

  • The Kid Mero

  • MaliibuMitch

  • Dave East

  • FivioForeign

  • Pat Kiernan

  • Angela Yee

  • Peter Rosenberg

  • Ilana Glazer

  • Michael Kay

  • Eric Andre

  • Abbi Jacobson

And if you’re still working from home, the MTA has put together the clip above and provided some sample scripts here:

Whoopi Goldberg: Hey, it’s Whoopi Goldberg. Please remember to always wear a mask on the train and in the station. And remember to wear it the right way. Do your part to help stop the spread of COVID-19 and keep our city safe. ‘Cause, honey, everybody wants to go out. Okay? Thank you.

Jerry Seinfeld: Hi this is Jerry Seinfeld. Please do your best to practice social distancing on the train and in the station. Staying 6ft apart is not only a great way to keep our city safe—think how much you’ll save not needing cologne. Thanks, New York.

Edie Falco: Hey New Yorkers—Edie Falco here. Getting a seat on a crowded train can feel like winning the lottery, but please be courteous. Offer your seat to someone who may need it more than you. And please wear your masks—let’s make courtesy the only thing that’s contagious on the train. Thanks, New York.

Cam’ron: Ey yo check it out it’s Harlem’s own Killa Cam. Look—I don’t care if you from uptown, downtown, Harlem, Switzerland, wherever. I don’t care if you a chicken or a duck. And you know what? Covid don’t care either. Are you wearin’ a mask? Ya, well is it covering your mouth and nose? Then good, you’re doing great. Remember not only wearin’ a mask is the law—it’s the right thing to do.

Awkwafina: Showtime! Just kidding, New York. It’s your girl, Awkwafina. And no, I’m not here to do sweet dance moves or swing around a pole. Bummer, I know. But, I am here to give you an important reminder: please wear your mask at all times while on the train or in the station. Actually, just wear it whenever you leave the house. Thanks for helping to keep New York City safe, and have a great day.

NYC Indoor Dining To Reopen Two Days Early On Friday

Indoor dining will reopen in New York City at 25 percent capacity this week two days earlier than originally planned. Gov. Andrew Cuomo on Monday announced restaurants can start serving customers inside on Friday instead of Valentine’s Day on Sunday. The governor pointed to a one-month decline in positivity rates of the coronavirus statewide, declaring the “post-holiday surge” over.

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“They’d [restaurants] like to open a couple of days earlier so they can be ready for Valentine’s Day, get the staff oriented, get supplies into the restaurants,” Cuomo said during a press briefing on Monday. “That’s a reasonable request.”

According to the governor, the percentage of positive COVID-19 cases over a seven-day average citywide dropped from 7.94 percent on January 4 to 4.42 percent on February 7.   As the number of new COVID-19 cases and new hospitalizations continue to decline, Cuomo last month lifted all restrictions in the state’s orange zones and some yellow zones.

In New York City, yellow zones remain in place in eastern and western parts of the Bronx, Washington Heights, and in Kew Gardens/Forest Hills in Queens. This designation means the area has experienced a seven-day rolling average of a 3 percent positivity rate over the past 10 days.

“I think at this point it’s safe to say the holiday surge was anticipated, the holiday surge did happen, but the holiday surge is over,” Cuomo said last month.

Indoor dining, which resumed at 25 percent capacity on September 30 after six months of closure, shut down again on December 14 after the rate of hospitalizations failed to stabilize. Restaurants in nearly every region in New York except the five boroughs and those in designated “zones” have been allowed to serve diners indoors at 50 percent capacity. Industry advocates have questioned Cuomo’s decision to close New York City restaurants and not in other places.

Bars and restaurants have been hit tremendously hard by the pandemic and related closures. According to the New York State Department of Labor, more than 140,700 city bar and restaurant jobs have been lost over the last year. Just between the months of November and December 2020, the industry lost 11,700 jobs.

“We commend Governor Cuomo for permitting indoor dining to resume in New York City on Friday, instead of Sunday the originally scheduled date,” Andrew Rigie, executive director of the NYC Hospitality Alliance said, in a statement. “This will allow restaurants to generate much needed revenue from the Valentine’s Day weekend business, much of which they would have lost because the holiday falls on a Sunday this year.”

State rules for indoor dining require that temperature checks at the door for all customers, one member of each party will be required to provide contact information for tracing if needed, tables must be set up six feet apart, and face coverings will be required for all diners when not seated at a table.

250 West 90th Street, Unit 17B


250 West 90th Street, Unit 17B

UPPER WEST SIDE, MANHATTAN

$830,000

1 Bed  |  1 Bath | Condo


Wide-plank hardwood floors and tall ceilings invite you into this spacious 17th-floor one-bedroom with open-sky northern views. Custom built-ins and closets throughout the unit make sure storage is never an issue.

The kitchen has a breakfast bar and pass-through to the bright and spacious living room which can easily accommodate a designated area for dining. A terracotta marble-tiled bathroom finishes off this must-see property.

Welcome to the New West, a postwar, pet-friendly condominium where residents enjoy a 24-hour doorman and concierge service; a fitness center with a pool, sauna and spa; resident lounge; playroom; laundry on each floor; and a magnificent rooftop deck. Subletting, pieds-à-terre and 90 percent financing permitted. Located at the corner of 90th and Broadway, this home is at the epicenter of desirable Upper West Side living with amazing shopping, dining and nightlife in every direction. Central Park and Riverside Park provide world-class outdoor space, and 1/2/3 and B/C trains, excellent bus service and CitiBikes put the rest of the city within easy reach.

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The Monthly Update - February 2021

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Happy New Year to All of Us!

We don’t know what 2021 has in store yet but based on the responsiveness of the last quarter in 2020, things seem to be on the up and up! 

The real estate market finished with 32 percent more signed contracts year-over-year*.  It's both startling and welcome news! Just when things were supposed to be winding down at the end of the year, the market was actually heating up.  It's been extremely busy and buyers have been incredibly active. We're looking forward to carrying that momentum right through Q1 2021. 

So, what's pushing buyers into the market? Softer prices, low interest rates and increased inventory.  Prices are still anywhere from 5 to 15 percent under pre-COVID levels, and there's usually some room for negotiation under that (Unless they are priced competitively to begin with…then we are actually still seeing bidding wars...I’ve been involved in two this week alone!). 

For the last five years or so, we've been seeing a declining market and lower property values. The oversupply of luxury condos that filled the headlines years ago caused a trickle-down effect for the rest of the market. Interest rates in some cases are even lower than they were before COVID. And they were already extremely low then! Add in a bountiful supply of listings, and buyers are acting like kids in a candy store — picking and choosing what they want and buying at prices that they dictate (in most cases). And we haven't even hit the spring market yet!  That's when we typically see the biggest increase in inventory.  

The stock market is hovering over 30,000 and breaking records every other day. Interest rates are likely to remain low for the rest of 2021, and the rest of the nation is seeing a windfall in their respective real estate markets. That means Manhattan and Brooklyn should see the same record pace in transactions and properties sold well into 2021. 

And who is leading the charge? The luxury sector, if you can believe it! After five years of a down market, buyers are purchasing luxury property (units priced at $4 million and above) and transacting in record numbers. The luxury market segment broke weekly records for contract signs several times over the past four months. While developers may have over-built the luxury sector between 2015 and 2019, buyers are snatching up those properties, sometimes at a discount as high as 25 percent. But as these buyers continue to push that market forward, developers and sellers are starting to pull back and be less negotiable.

*as per urbandig.com


Local Events

'To Go' Restaurant Week 2021

Through Feb. 7

NYC Restaurant Week is back, with a focus on takeout and delivery options across all 5 boroughs. Each participating eatery will offer an entrée with at least one side dish for lunch or dinner at $20.21 a meal to commemorate the new year. 

Get the full list of participating restaurants and more information here!

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Children's Open Book Discussion [Zoom]

Thurs. Feb. 25, 4PM

Join the librarians at the Columbus library for our kids book discussion. Kids ages 3-12 (accompanied by a caregiver) will be able to share their thoughts about the characters they meet and exciting plots they've explored. 

Click here for more information!


News & Lifestyle Tips

Your Q4 2020 Manhattan & Brooklyn Market Reports are here!

As we continue to experience these unprecedented times, we are here to provide valuable insights into the real estate market so you can stay educated and informed.

We are pleased to share Compass' Q4 2020 Manhattan & Brooklyn Market Reports, highlighting the prevailing trends shaping these markets. 

Have questions about how Q4 2020 wrapped up, market forecasts, or anything else real estate? We’d love to connect! Don't hesitate to reach out.

HoffmanTeam@compass.com

 

 

11 Common Kitchen Design Mistakes

As kitchens become more integrated into our homes and our daily routines, your cook space should reflect your personal style, whether you prefer all-white kitchens, kitchens with color, modern kitchens, or even a small kitchen. Veranda asked designers and architects from around the country to share the biggest kitchen design mistakes to avoid. 

Courtesy of Veranda

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HGTV's Take on The Biggest Home Design Trends for 2021

After a year that guided many of us to spend more time at home, the new year is an opportunity to bring comfort and creativity to our living spaces. From calming Zen room ideas to stylish (and smart) approaches to home office design, HGTV is predicting 15 of the biggest interior design trends for 2021.

Courtesy of HGTV

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2021 Color of The Year

Pantone is the latest to reveal its prediction for the 2021 color of the year. See which shades you can expect to see in the coming year from some of the biggest names in paint. See the top shades on Better Homes & Garden's radar so far.
Courtesy of Better Homes & Gardens

 
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MTA Unveils Digital Memorial Honoring The 100+ MTA Workers Lost To COVID-19

Photos courtesy of Marc A. Hermann/ MTA

The Metropolitan Transportation Authority on Monday unveiled a memorial dedicated to the 136 employees who have died from the coronavirus since March. The tribute, named “Travels Far: A Memorial Honoring Our Colleagues Lost to COVID-19” after a poem by Tracy K. Smith commissioned for the project, includes an eight-minute video featuring photographs of the frontline MTA workers who lost their lives to the virus. The video will run on 138 three-panel digital screens at 107 subway stations across the city starting Monday.

“The pandemic has marked an unimaginably challenging and painful time at New York City Transit,” Sarah Feinberg, interim president of New York City Transit, said in a press release.

“Today marks the next step in our ongoing efforts to honor the colleagues, friends and family members who were taken from us too soon. These men and women were the heroes of the transit system – conductors, bus and train operators, cleaners – but they were also mothers, fathers, sisters, brothers, sons and daughters. We think of them daily and we continue to mourn them with their friends and families.”

Designed by MTA Arts & Design, the tribute will feature the “Travels Far” poem in multiple languages as well as an original score by the same name from composer Christopher Thompson. Starting Monday and running through February 7, the video will play twice consecutively three times per day at 10:30 a.m., 2:30 p.m., and 8:30 p.m.

There is also a new website dedicated to the COVID-19 memorial that features the video and photographs of the MTA employees. You can find the full list of NYC subway stations displaying the memorial here.

“TRAVELS FAR, with its poignant title and thoughtful words by Tracy K. Smith, helps us remember these courageous members of the MTA family in a way that pays tribute and honors them and their workplace contributions,” Sandra Bloodworth, director of MTA Arts and Design, said.

“Surrounded by a spectrum of colors, the portraits in black and white allow us a glimpse into unique personalities known to their families and colleagues. This memorial shows that art can be a powerful messenger, conveying loss and honoring the memory of our colleagues.”

The poem “TRAVELS FAR” by Tracy K. Smith reads as follows:
What you gave—
brief tokens of regard,
soft words uttered
barely heard,
the smile glimpsed
from a passing car.

Through stations
and years, through
the veined chambers
of a stranger’s heart—
what you gave
travels far.

313 West 118th Street, Unit PHG


313 West 118th Street, Unit PHG

HARLEM, MANHATTAN

Asking: $2,750,000

3 Bed  |  2.5 Bath | Condo


This elegant three-bedroom, two-and-a-half-bathroom penthouse duplex delivers outstanding indoor-outdoor living with a sprawling private terrace and sun-filled interiors in an amenity-rich South Harlem condominium.

Hardwood floors, tall ceilings, and unbelievable natural light greet you the moment you enter this impressive 2,250-square-foot home. On the upper level, the vast great room features a row of windows along the northern exposure while double French doors open to a breathtaking south-facing private terrace. Outside, handsome built-in seating areas and lush landscaping surround a well-equipped, high-end summer kitchen featuring a built-in gas grill by Fire Magic and True refrigerator drawers. These upscale appliances make this an exceptional outdoor entertaining space unlike any other in the building.

Inside, the huge open kitchen boasts rows of custom cabinetry, granite countertops, and stainless steel appliances, including a vented gas range and dishwasher. Enjoy casual meals at the wide breakfast bar while the adjacent living room provides a flexible footprint for lavish dining and seating areas. A convenient powder room and three closets complete this level.

Downstairs, in the owner's suite, you'll find tall beamed ceilings, a walk-in closet, motorized blackout shades, and an en suite bathroom with a large tub/shower and double vanity. Two more bright bedrooms offer easy access to the guest bathroom and plenty of space for a well-appointed home office. Extra storage space and a laundry closet with a washer and vented dryer add incredible convenience. Andersen French doors and windows throughout the home contain low-emissive glass, providing year-round comfort and substantial energy savings. New heat/air conditioning units with thermostats have Global Plasma Solutions air quality devices that reduce viruses, mold and bacteria.

313 West 118th Street is a stunning condominium building with a gorgeous brownstone façade, attended lobby with video intercom entry, a fitness center overlooking the indoor children's playroom, courtyard garden, laundry facilities, and onsite parking. Low monthly common charges and tax abatement in effect until 2030.

Located on a tree-lined street in residential South Harlem, this home is surrounded by breathtaking architecture and Harlem's renowned dining and nightlife. Morningside Park, Marcus Garvey Park, and Central Park fill the neighborhood with hundreds of acres of outdoor space, and 2/3, B and C trains, excellent bus service, and CitiBike stations put the rest of the city within easy reach.

$51B Plan To Redevelop Midtown West And Replace The Port Authority

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Gov. Andrew Cuomo on Thursday unveiled an ambitious plan to transform over 100 acres of Midtown West as part of a new “transit-oriented” development. The $51 billion proposal adds a new train hall south of Penn Station, replaces the Port Authority Bus Terminal, extends the High Line, and adds up to 1,400 units of new affordable housing. The project is one part of the governor’s proposed $306 billion infrastructure plan, introduced on Thursday during his fourth 2021 State of the State address.

“Now we will expand our vision with a new Manhattan Midtown West development project to create a new West Side transit hub, and build upon it with new residential, commercial and public works projects that will combine to form a new, vibrant, exciting district extending over 140 acres,” Cuomo said. “Now 140 acres may not sound like much in Upstate New York, but in Manhattan it is massive.”

Parts of the Midtown West redevelopment project is already complete, including the new Moynihan Train Hall, which opened at the historic Farley Building this month, and a new Long Island Rail Road entrance at 33rd and 7th Avenue. At the center of the project is Penn Station, which Cuomo described on Thursday as a “cluster of catacombs.”

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Designed to handle 250,000 commuters per day but saw 650,000 in 2019, the transit hub is one of the nation’s busiest. To add transit capacity and commuter comfort, Cuomo wants to create the Empire Station Complex, which would link an upgraded Penn Station, the Moynihan Train Hall, and a new terminal, dubbed Penn South, that will be built one block south of the existing site. The plan, first introduced by the governor in 2016, would add eight new tracks and increase train capacity by 40 percent at the station.

The Empire Station Complex plan includes acquiring a stretch of property south of Penn Station, currently owned partly by Amtrak and the Archdiocese of New York. The new hub requires full funding for the Gateway Project, which includes the construction of two new Hudson River rail tunnels and the renovation of two existing tunnels. While President Donald Trump never agreed to split the bill for the project, Cuomo said President-elect Joe Biden will be a “champion of national infrastructure investment.”

Plans to renovate, replace, or relocate the Port Authority Bus Terminal have been on the table for a long time. In May 2019, the agency released three options to fix the troubled building, which included either rebuilding the terminal while buses used the existing terminal, using the lower level of the Javits Center, or just renovating the existing terminal instead of rebuilding from the ground up. No additional details were provided by the governor except that the bus terminal will be replaced with a new “state-of-the-art facility.”

“We will completely redevelop the terminal, adding space for commercial development, dramatically improving the commuting experience, removing bus traffic and pollution from the surrounding community,” Cuomo said during Thursday’s address.

The $51 billion project also includes a residential component, in addition to retail and commercial space. According to Cuomo, the plan could create up to 1,400 units at “14 building sites available” in an area stretching from Broadway to the Hudson.

And earlier this week, the governor announced plans to extend the High Line from its current 10th Avenue terminus with a new L-shaped elevated walkway that will connect to the public plaza at Manhattan West, a mixed-use development from Brookfield Property Group. The extended elevated park would end on 9th Avenue, across from the entrance to the new Moynihan Train Hall.

Cuomo also wants to extend the High Line from 34th Street and 12th Avenue past the Javits Center and cross the West End Highway, ending at Pier 76 at Hudson River Park, currently a tow pound run by the NYPD. In his 2020 State of the State address, Cuomo unveiled plans to redevelop the site, which will be vacated by the end of the month, as a 5.6-acre public park

“Connecting the High Line to Hudson River Park is something we have explored since our earliest days as an organization,” Robert Hammond, co-founder and executive director of the High Line, said in a statement.

“Our communities and neighborhood groups have expressed overwhelming support for this connection, which would give people the ability to walk from Penn Station to Hudson River Park and only have to cross one street. The plan would not only improve public safety and mobility in the area, but also serve as way for New Yorkers to better access all of the incredible offerings in the district.”

Other major infrastructure projects include continuing the redevelopment of LaGuardia and John F. Kennedy International Airports, completing phase two of the Second Avenue Subway extension, developing the UBS Arena at Belmont Park, and much more.

Run From NYC To Canada, 750-Mile Empire State Trail Is Complete

The longest multi-use state trail in the United States officially opened in New York last week. Running from New York City north to Canada and from Albany to Buffalo along the Erie Canal, the 750-mile Empire State Trail offers off-road trails for cyclists, hikers, runners, cross-country skiers, and snow-shoers. The Trail, which connects 20 regional trails to create a continuous statewide route, will be open year-round.

Gov. Andrew Cuomo first announced plans for the Empire State Trail in 2017 during his State of the State address. The project filled the gap at two existing trails, the Hudson Valley Greenway and the Erie Canalway. In total, 58 separate projects were completed to make the trail continuous; 180 miles of new off-road trail were added and 400 miles of previously disconnected trails were joined.

“There’s no trail like it in the nation – 750 miles of multi-use trail literally from Manhattan to the Canadian Border, from Buffalo to Albany,” Cuomo said in a press release last week. “Not only does it provide an opportunity to experience the natural beauty and history of New York, but it also gives New Yorkers from every corner of the state a safe outlet for recreation as we continue to grapple with the COVID-19 pandemic.”

The Empire State Trail is made up of three main routes, including the Hudson Valley Greenway Trail, the Erie Canalway, and the Champlain Valley Trail. The north to south segment runs from Battery Park in Manhattan up through the Hudson Valley and Champlain Valley to the Canadian border. The east to west branch starts in Cohoes in Albany County and follows the Mohawk River, the Erie Canal, and ends at Buffalo Harbor State Park.

“The Empire State Trail is a testament to Governor Cuomo’s vision to make New York State an unmatched destination for outdoor recreation,” Erik Kulleseid, commissioner of New York State Parks, said. “Everyone from the most experienced long-distance cyclists to family groups with children will enjoy this pathway. People can take a quick bike ride or walk close to home, or they can plan a multi-day adventure to take them from one end of the state to the other.”

The state launched a website with an interactive map of the Empire State Trail as well as a list of activities available for both on and off the trail. And in October, Cuomo announced a new passport program to encourage New Yorkers to visit the 200 craft breweries found along 10 miles of the Empire State Trail. At each brewery along the trail, visitors can digitally check-in on the app and earn a stamp for the Empire State Trail Passport and the existing program, the Think NY, Drink NY Passport. Stamps lead to rewards, including t-shirts, backpacks, and more.

POSTED ON MON, JANUARY 4, 2021BY DEVIN GANNON

151 West 80th Street, Unit 3F


151 West 80th Street, Unit 3F

UPPER WEST SIDE, MANHATTAN

Asking: $775,000

2 Bed  |  1.5 Bath | Co-op


 

Stunning prewar finishes and sunlight await in this spacious two-bedroom, one-and-a-half-bathroom co-op on one of the Upper West Sides's prettiest blocks.

Step into a bygone era of refined architectural details in this bright abode featuring hardwood floors, soaring ceilings, and beautiful, intact millwork throughout. The living/dining room invites you to relax alongside a decorative fireplace and oversized south-facing windows. An adjacent closet and powder room add convenience, while French doors open to a secondary bedroom ideal as a private home office. In the windowed kitchen, you'll find abundant newer cabinetry. At the end of the hall, the owner's suite boasts a king-size layout, roomy closet and en suite bathroom with a soaking tub.

151 West 80th Street is part of a row of three Renaissance Revival apartment houses built in 1895 by Neville & Bagge, one of the most prolific uptown architecture firms at the turn of the 20th century. Today, the boutique walk-up cooperative offers laundry, resident storage, and a bike room. Sorry, no dogs allowed.

Located mid-block on a quintessential tree-lined street, this fine home is flanked by breathtaking brownstones and surrounded by the Natural History Museum and Central Park to the east and Riverside Park a few blocks west. The Upper West Side's greatest restaurants, nightlife venues, and shops are nearby, including Fairway, Citarella, Zabar's and Trader Joes. Transportation is a breeze with 1, B and C trains, excellent bus service, and CitiBikes nearby.

How the MTA Deal With Snowstorms - Jet Engine Powered Snow Blowers

A jet snow thrower in action via MTA’s Flickr

A jet snow thrower in action via MTA’s Flickr

With a forecast of up to 18 inches of snow, Winter Storm Gail is expected to bring more snow to New York City this week than the five boroughs saw all of last year. In response to the nor’easter, expected to hit Wednesday afternoon, the Metropolitan Transportation Authority has activated its 24/7 command center to monitor the storm. The agency is prepared to clear subways, buses, and commuter railways of snow thanks to its fleet of super-powered snow throwers, jet-powered snow blowers, and specially designed de-icing cars to tackle the icy mess.

“The safety of our employees and customers continues to be our first priority as we prepare for the first winter storm of the season,” MTA Chair Patrick Foye said in a press release. “The MTA is no stranger to the challenges posed by inclement weather and is ready as always to rise to the occasion in order to keep New York moving.”

A Hurricane Jet Snow Blower clears a track via MTA’s Flickr

A Hurricane Jet Snow Blower clears a track via MTA’s Flickr

The Long Island Rail Road will operate on an enhanced weekend schedule on Thursday, Dec. 17. The LIRR’s “snow-fighting” equipment includes 978,000 pounds of de-icing material, 22,000 linear feet of third rail heater, 262 portable snowblowers, 235 chainsaws, 167 portable generators, eight truck-mountable salt spreaders, 25 cubic yards of sand, two forklifts, and other vehicles ready to clear the snow.

On the Metro-North Railroad, the MTA will bring on 220 snowblowers, 70 truck-mountable salt spreaders, over 1,800 ice scrapers, 146 chainsaws, 196 portable generators, and 635 track switch heaters, along with dump trucks, backhoes, and emergency response trailers.

A snowblower, via MTA’s Flickr

A snowblower, via MTA’s Flickr

Starting at 4 p.m. on Wednesday, an empty and tandem tractor-trailer ban will be in effect at the MTA’s seven bridges and two tunnels. The MTA also has on hand 8,300 tons of salt, 50 snowblowers, and 74 truck mountable salt spreaders. Bridges are equipped with embedded roadway sensors for temperature sensors that deliver real-time information on wind velocity, wind direction, humidity, and precipitation through wireless communication, according to the agency. These sensors determine if speed restrictions are necessary.

NYC buses will operate at reduced service and all local buses will be fitted with tire chains. The articulated buses will be replaced by shorter buses. Bus managers can use technology that tracks service when it falls below expected levels on route to make decisions on service.

While the underground subway stations are mostly unaffected by snowfall, the system’s 220 miles of outdoor track are most vulnerable to snow and ice-cold conditions. According to the MTA, the tracks that will be most affected by the snow include the Rockaway A and S line, Sea Beach N line, Flushing 7 line, Brighton B and Q line, and Dyre Avenue 5 line.

According to the MTA, “super-powered snow throwers, jet-powered snow-blowers, and de-icing cars – retired subway cars modified with tanks and other specialized equipment to spray de-icing fluid on the third rail — are ready for immediate deployment.”

NYC Transit’s snow-fighting resources include more than 236,000 pounds of de-icing material, 2,770 ice scraper shoes, 259 third rail heaters, 249 track switch heaters, 218 jet engine powered blowers, 230 portable generators, and a number of service and emergency response vehicles.

The MTA also preps its subway fleet for snow by spraying an anti-freeze agent on door panels, purging air brake lines of moisture to prevent freezing, and equipping electric trains with third rail shoes with holes to stop snow from sticking.

And when the snow throwers, jet blowers, and de-icer cars can’t do the job, MTA signal maintainers are sent out to clear switches with what looks like a couple of brooms. The MTA created a video about the ways they prepare for winter storms. Watch it below:

Extreme cold and winter storms means subway service may change. Learn more about our Winter Weather Travel Guide at http://mta.info/coldweather

POSTED: DECEMBER 16, 2020BY DEVIN GANNON

250 West 90th Street, Unit 17K


250 West 90th Street, Unit 17K

UPPER WEST SIDE, MANHATTAN

4 Bed  |  3.5 Bath | Condo


Take your place among the Upper West Side skyline in this sprawling four-bedroom, three-and-a-half-bathroom condominium with private outdoor space and enviable storage in a modern, amenity-rich condominium.

Spanning a lavish 2,900 square feet high on the 17th floor, this commanding home drinks in sunlight and epic views thanks to walls of east-facing and west-facing double-pane windows. Wide-plank Italian maple hardwood floors and tall ceilings invite you into a gracious foyer flanked by numerous custom closets and a bike room, ensuring storage will never be a concern. Ahead, the impressive great room provides a marvelous footprint for relaxed living or lavish entertaining surrounded by open-sky vistas, handsome built-in cabinetry and a wet bar with a wine refrigerator. The open Poggenpohl kitchen dazzles with gleaming cabinetry, marble countertops and an army of upscale stainless steel appliances by Sub-Zero and Thermador, including two more large wine coolers. Enjoy casual meals at the breakfast bar, or step onto your private terrace for al fresco dining among the sights of the city. A powder room and laundry room with Miele in-unit washer-dryer complete the living spaces.

Head to the west-facing owner's suite to find three closets, including a walk-in, plus sleek built-ins and an en suite marble bath. There's another bedroom suite along the western exposure, and a third suite near the entry offers eastern outlooks. A fourth bedroom, accessible from both the hall and great room, makes for an ideal home office, den or media room. Automatic blinds and designer lighting with smart home controls add effortless ease to this remarkable uptown sanctuary.

Welcome to the New West, a postwar, pet-friendly condominium where residents enjoy 24-hour doorman and concierge service; a fitness center with a pool, sauna and spa; resident lounge; playroom; laundry on each floor; and a magnificent rooftop deck. Subletting, pieds-à-terre and 90 percent financing permitted. Located at the corner of 90th and Broadway, this home is at the epicenter of desirable Upper West Side living with amazing shopping, dining and nightlife in every direction. Central Park and Riverside Park provide world-class outdoor space, and 1/2/3 and B/C trains, excellent bus service and CitiBikes put the rest of the city within easy reach.


Flatiron’s New Holiday Art Installation Connects New Yorkers From a Distance

NOVEMBER 24, 2020

BY DEVIN GANNON

A new public art installation opened on Monday in the Flatiron Public Plaza as part of the neighborhood’s annual “23 Days of Flatiron Cheer” holiday programming. Designed by firm Studio Cooke John, the Point of Action installation consists of nine metal pavilions surrounded by six-foot concentric circles with ropes that part, creating a “spotlight” and allowing passersby to connect with one another. The firm’s work was selected as this year’s winning design by the Flatiron/23rd Street Partnership and Van Alen Institute.

“Point of Action” designer, architect Nina Cooke John. Photo courtesy of Cameron Blaylock

It’s the first installation in the Flatiron public plaza to take up both the North and South Plazas, which allows visitors to stay socially distanced while still engaged with the work. Lights shine above each circle and outward from the sides of each frame.

“We are at a threshold during this pandemic. Now that our eyes have been opened to realities that have been with us all along, how do we move forward? My hope is that Point of Action makes people think about how we connect to the people we see every day so that we can move forward together,” Nina Cooke John, founder and principal of Studio Cooke John, said in a statement.

Point of Action will be on view from November 23, 2020 through January 1, 2021, on Broadway, Fifth Avenue, and 23rd Street.

Point of Action beautifully meets our city’s current moment of uncertainty, provoking us to think not only about our interconnectedness with one another, but the role of our public spaces in creating connected, healthy, and resilient communities as we look toward collective recovery,” James Mettham, executive director of the Flatiron/23rd Street Partnership, said.

Photo courtesy of Cameron Blaylock

“There is no better place for this installation than the Flatiron Public Plazas, world-renown public spaces for meeting friends, participating in our public programming, and enjoying art and architecture. We are proud to partner with Van Alen Institute to present Point of Action and we invite visitors from near and far to visit Flatiron this season.”

23 Days of Flatiron Cheer” will kick off December 1 and run through December 23 with a host of holiday programming, like discounts at neighborhood stores, virtual holiday-themed tours of the Flatiron District, holiday meal kits, digital giveaways, and fundraising opportunities.

All photos courtesy of Cameron Blaylock

The Monthly Update - December 2020

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Did You Miss the Boat?

As we move into the final month of a raucous 2020, there are many things to be thankful for. A coronavirus vaccine seems to be right around the corner. The election is over, with a transition of power that appears to be moving in the correct direction for now. The Dow hit 30,000 for the first time ever, and New York City just announced that schools will reopen.

But, if you were to examine real estate market activity alone, you'd never know there was so much to be grateful for. There hasn't ever been a better time to buy, and yet I had three calls this morning from buyers who may have “missed the boat.” Maybe we'll see a more robust return to normal after the holidays, but if buyers were smart, they would be negotiating and putting property into contract RIGHT NOW!

The opportunity to buy has never been better, and here's why: Interest rates are hovering around 2.5 to 3 percent. Listings are going into contract anywhere from 5 to 15 percent under their adjusted COVID pricing. The rental market has about 5 percent visible availability and a shadow inventory of close to 20 percent. The cards haven't been in the buyers' or renters' favor like this in the 20 years that I've been selling real estate. 

It's the darndest thing, but when the streets are on fire, the buyers run to the hills instead of turning back around and buying, buying, buying. There is a small group of smart buyers who took advantage of our current situation. In five years, when they go to sell, they will be extremely happy as droves come back into New York City and drive prices back up. Invariably, that's what's going to happen in the next six to 12 months. Then buyers will be asking themselves, where were all the discounts I've been reading about!?!? 

So if you're a buyer — buy.


News & Local Happenings

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Compass expands to Hawaii

Compass has announced its expansion to the State of Hawaii. Top agents from O’ahu, Maui, Kaua’i, and the Big Island have joined the firm.

Read the full article here by Real Estate Weekly.

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BK & NYC Heated Outdoor Dining!

With Winter on its way and outdoor dining here to stay for the holidays, take off your coat and dine in comfort inside a heated tent! 

From Bed-Stuy to the UWS,this article has got you covered with a list of establishments that offer outdoor dining with heaters to keep you warm.

Holiday Lights @ The Bronx Zoo

If animal lantern safaris, ice-carving, costumed characters, and stilt walkers sound fun to you, then you'll love this year's annual outdoor Holiday Lights event at NYC's own Bronx Zoo! 

Tickets must be ordered in advance this year to allow for social distancing and cost $35 for adults and $23 for children. Check out available dates here!


Lifestyle Tips & Tricks

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48 Beautiful Holiday Decoration Ideas

Nothing welcomes the holiday season quite like a well-decorated, festive home. Whether you prefer traditional red-and-green decor or favor a more subtle use of gold and white, you can infuse every room in your home with holiday cheer. Take decorating inspiration from VERANDA.


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The 40 Best Subscription Boxes to Gift

Not only will the personalized boxed gifts show your loved ones that you're thinking about them, but they're sure to last well beyond the holiday season. Harper's Bazaar has made a list of the perfect subscription boxes to choose from, from fashion and beauty to food and fitness.


14 Winter Vacation Ideas in the U.S.

A winter vacation is a great cure after the holidays. Where to go is the question, with so many options and destinations. Here are Travel + Leisure's top 14 winter vacation ideas for destinations around the United States. Whether flying or driving, there's sure to be wintery fun within your reach!



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You’ll Need Timed Tickets to See the Rockefeller Center Christmas Tree This Year

Photo by Alex Haney on Unsplash

Photo by Alex Haney on Unsplash

NOVEMBER 30, 2020

BY DANA SCHULZ

Starting this Thursday, December 3, if you want a chance to see the Rockefeller Center Christmas Tree for five minutes (yep, there’s a time limit), you’ll need to reserve advance tickets. In his press conference today, Mayor de Blasio outlined the new system, which includes closing 49th and 50th Streets between 6th and 7th Avenues to vehicular traffic and setting up four-person “pods” where guests will be directed to see the tree. “This is going to be a challenging holiday season in a lot of ways, but it’s still going to be a beautiful one,” said the mayor.

First and foremost, the mayor advocated that people enjoy the tree via the live televised lighting that will air this Wednesday, December 2. “That’s the best way to see it. To feel that moment that we cherish every year when the lights go on and it’s another reminder of the beauty of the holiday season,” said the mayor. The event, which is not open to the public this year, will air on NBC from 8-10pm and will feature performances by the Radio City Rockettes, Dolly Parton, Kelly Clarkson, Jimmy Fallon, Pentatonix, Gwen Stefani, Meghan Trainor, and more.

For those who do want to go in person, the city’s timed and socially distant approach is as follows:

  • 49th and 50th Streets between 6th and 7th Avenues closed to vehicular traffic

  • Tree viewing entrances on 49th and 50th Streets at 5th and 6th Avenues ONLY

  • 5-minute tree viewing limit

  • Guests directed to pods; no more than 4 people in one pod

  • Virtual queueing activated; guests can scan QR code to see wait times

This is the second year that the city expanded pedestrian space around Rockefeller Center during the holiday season, though last year the intent was to accommodate the massive crowds that visit the tree each year.

Mayor de Blasio first mentioned a ticketed system for the tree in his Sunday press conference, during which he said that his team had been working with the state on the approach. You’ll be able to reserve your tickets on the Rockefeller Center website, though this feature has not yet been made live.

This year’s tree is a 75-foot tall, 11-ton Norway Spruce from Oneonta, N.Y. It will be adorned with 50,000 multi-colored LED lights strung on nearly five miles of wire and will be topped with a 900-pound Swarovski crystal star designed by architect Daniel Libeskind in 2018.

For those interested in skating on the adjacent ice rink, it opened a month later than usual on November 21 to give more time to restaurants currently using the plaza for outdoor dining, and it will close several months early on January 17 to begin work on a major revamp. You can buy tickets here.

The first Christmas tree went up in Rockefeller Center in 1931 when construction workers on the massive development site pooled their wages to buy a tree that they decorated with handmade garland from their families. It’s been lit every year since 1933 and broadcast live on television every year since 1951.

The Monthly Update - November 2020

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The Market of Contradictions

The New York City real estate market is busy, but we're seeing relatively few deals for the amount of activity. To put it another way, real estate brokers will tell you that we are all busy, but not "good busy." Case in point, we just put a property into contract at the asking price in less than 40 days. However, it took over 70 showings to do it!

The phone is ringing. Showings are happening (with staggering frequency, frankly). Listings are on the market for incredible prices. Interest rates are lower than I've ever seen them in my 20-year career. A brave buyer who's getting a great deal just told me she's about to lock her rate. I asked her what she got, and she told me 2.5 percent. Unbelievable! 

All these ingredients are bringing buyers to the table, but few are partaking in the feast. There is a confluence of events causing tremendous instability, including the election (which will, hopefully, be resolved within the next few days), the pandemic and the rising outbreaks, empty office buildings and retail storefronts, and very low residential rental rates that keep on falling. Buyers understandably have a lot holding them back.

I've been keeping track of weekly contracts signed since the start of the COVID crisis. We just broke the record and had 198 signings in the week ending on October 23. There will likely be 198 very happy owners selling these properties at tremendous gains five to seven years from now because of the current market conditions. This is why it's bewildering that more buyers aren't moving forward. Potential homebuyers inherently know that they should be buying, and that's the right time to buy. Yet, the fear of a bigger picture with so much uncertainty has foiled their ability to capitalize on probably the best buyers' market I've seen in 20 years. It's understandable, but the buyers who skate out onto the ice first will gain the most.

You may be asking yourself, how can anybody buy with such huge unanswered questions looming on the horizon? What can a skittish buyer do to move forward?

I know! Buy!

It's time. Be the first to skate out on the ice and capitalize when others are hindered by fear. Take advantage of a situation that we may never see again in our lifetimes. This really could be the best buying opportunity in a generation or more. I know it's scary. I know there could be more downturns in the market, but this is New York City, where buyers' markets only happen for a several months every decade. This one began in the middle of the shutdown when we saw the biggest discounts of listing prices. But there are still deals to be had, opportunities to be seized, and the chance to get your piece of the Big Apple at a discount! Once the herd mentality sets and certainty reinstates itself in the consumer psyche, then it'll be over in a flash. Just like that. Poof! Activity will pick up with ferocity with buyers competing with one another, snatching up inventory and sending this current moment's opportunity to the history books.


The Hoffman Team’s Active Listings


Compass in the News

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Modus Joins Compass

Modus, an escrow and digital title startup, has joined the Compass family! This exciting addition is another step towards Compass' goal to create the first end-to-end platform in real estate. Modus' digital title and escrow tools will provide Compass agents and clients a seamless closing process.  Read more here. 

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Aloha, Compass Hawaii! 

We am excited to announce that Compass has officially expanded to the Aloha State. We would like to extend a warm welcome to our new Compass Hawaii team members. Congratulations Compass Hawaii! Read more here.


Local Happenings

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Bryant Park’s Winter Village

Purchase local crafts, grab a fresh-made snack, or peruse local goods at the annual open-air Holiday Market. Then throw on a pair of skates and enjoys NYC’s only free admission ice skating rink! Click here to check out all the shops and plan your visit in advance!

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The Macy's Thanksgiving Day Parade Marches on!

As one of the most iconic seasonal events, The Macy's Thanksgiving Day Parade will go on, but it'll look very different than it has over its last 94 years. Read up here to learn what will change and what remains same during this unprecedented year, and watch the parade on Thanksgiving Day from 9am-12pm EST on NBC.


Lifestyle Tips & Tricks

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Here's How To Put The "WOW" Into Your Home Workout Space

The days of gyms being grungy, unfinished basements with a dusty weight bench are over. Elle Decor showcases how the pandemic's shutdown of public gyms across the country propelled the home gym from afterthought to a design priority. These times have brought new importance to what many fitness buffs have known all along: where you work out matters almost as much as how you work out. 

Celebrate Turkey Day In Style With 51 Thanksgiving Table Ideas

Aside from the big meal, setting the Thanksgiving table is a big part of the occasion for many families. After all, you want your table to look as good as the food you serve. Parade recommends adding a small detail or two to elevate your Thanksgiving tablescape. 


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