354 West 23rd Street, Unit 4A

354 West 23rd Street, Unit 4A

CHELSEA, MANHATTAN

Asking $739,000

1 Bed  |  1 Bath | Co-op


 


Newly renovated prewar charm and contemporary designer updates combine to create the perfect sun-drenched city retreat in this top-floor Chelsea one-bedroom, one-bathroom co-op.

Inside this beautifully renovated residence, vaulted ceilings, skylights with external venting fan soar above refinished hardwood floors and walls of exposed and painted brick. Imagine lively entertaining or peaceful relaxation alongside treetop views and a wood-burning fireplace in the expansive open-plan living/dining room. In the gorgeous new kitchen, shelving, pale blue cabinetry and quartz countertops surround brand-new stainless steel appliances, including a vented range, refrigerator and dishwasher.

Sleep soundly in the serene king-sized bedroom featuring a roomy closet and plenty of room for a home office area. In the bathroom, lovely tile and contemporary fixtures surround a large tub/shower. Unit 4A is self-enclosed with its own boiler, venting skylight fan, and additional closet space completing this wonderful walk-up Chelsea dream home.

354 West 23rd Street is a boutique prewar cooperative featuring intercom entry and laundry facilities. Pets, pieds-à-terre, gifting, co-purchasing and parents buying for children are permitted with approval.

In this exciting Chelsea location, innumerable restaurants and nightlife venues line the nearby streets. Foodies will enjoy the proximity to Whole Foods, Trader Joe's, Eataly and Fairway. Outstanding entertainment venues, galleries and theaters surround the home, and recreation and outdoor space are abundant thanks to Madison Square Park, The High Line, Hudson River Park and Chelsea Piers, all minutes away. Nearby A/C/E, 1 and L subway lines, PATH trains, excellent bus service and CitiBike stations put the rest of the city within easy reach.

NYC Reveals Design For New Esplanade and Pier

Plans to rehabilitate a 20-block section of bike and pedestrian paths and reconstruct a decrepit pier in East Harlem are moving forward. In a presentation to Manhattan Community Board 11 this month, the city unveiled its preliminary design to rebuild and rehabilitate the East River Esplanade between East 94th and East 107th Streets and East 117th and East 124th Streets, as well as construct a new pier at 107th Street, as Streetsblog first reported. Construction is expected to begin on the $294 million project in the later part of next year and wrap up in 2027.

NYCEDC presentation to Community Board 11, April 2024.

Funding for the project comes mainly from former Mayor Bill de Blasio, who allocated $284 million in 2021 to make repairs along the East River Esplanade, according to amNY. The project is being managed by the city’s Economic Development Corporation (NYCEDC).

Much of the East Harlem waterfront has deteriorated over the years, with the walkway full of potholes and many areas off-limits to the public.

The proposed esplanade will feature separate corridors for cyclists and pedestrians when there is enough room and a shared corridor where the path narrows. City officials also plan to raise the esplanade between two and three feet to account for sea level rise.

The project also calls for landscaped overlooks at 101st Street and 119th Street.

As part of the revitalization, EDC will demolish the crumbling 107th Street Pier and rebuild it into a new “forked jetty.”

Designed by Marvel, the new pier integrates with the esplanade with two access points and various zones, including a “picnic bridge,” with shaded dining opportunities, stepped seating in the center, and an overlook at the tip of the pier with suspended beach seats and sun loungers.

A shade structure inspired by the natural forms of wind and water will be at the center of the pier, with seating oriented to the river for the most scenic views.

The pier will feature “Water Table” by area architect and artist Jerome Haferd, an art piece inspired by the Harlem Creek. The steel and precast concrete piece is designed to “activate a crescent-shaped micro plaza” for people to gather. The artwork will feature etched contributions by cultural and community actors from East Harlem, according to the artist.

Other improvements include an outdoor fitness area on 104th Street and a garden at the northern end of the Robert F. Kennedy Bridge. The pathway will eventually connect to another greenway project that will lead north to Inwood, which the city is expected to break ground on in June.

The proposed redesign will be presented to the Public Design Commission on April 15 and another update will be provided to CB 11 this fall.

In 2021, De Blasio announced a $723 million investment in closing the gaps of the 32.5-mile greenway loop around Manhattan, which included portions in Midtown, along the Harlem River, in Inwood, and on the Lower East Side.

The NYCEDC in December unveiled the East Midtown Greenway, delivering nearly three acres of public open space, a new pedestrian walkway, a pedestrian bridge, landscaping, and a separate bike lane stretching from East 53rd Street to East 60th Street along the Harlem River. The $197 million investment fills a significant gap in the Manhattan Waterfront Greenway.

Expanding beyond Manhattan, Mayor Eric Adams in October announced plans to fill in the gaps in the existing greenway network with 40 miles of new greenways. The project, which would feature protected bike lanes and pedestrian-friendly infrastructure, would bring the citywide total of greenway corridors to 60 miles.


NYC reveals design for esplanade and new 107th Street pier in East Harlem

By Aaron Ginsburg

April 16, 2024

Cover photo: Aerial rendering of proposed 107th Street Pier. Courtesy of NYCEDC

18 West 48th Street, Unit 12E

18 West 48th Street, Unit 12E

MIDTOWN, MANHATTAN

Asking $1,295,000

1 Bed  |  1.5 Bath | Condo


 

Direct iconic views of Rockefeller Plaza from one of the largest one-bedroom lines at The Centria Condominium. Make your home in the heart of the city in this expansive one-bedroom, one-and-a-half-bathroom showplace featuring chic contemporary interiors and dramatic Rockefeller Center Christmas tree views in a full-service, amenity-rich Midtown condominium.

Inside this sun-splashed 918-square-foot residence, tall ceilings and hardwood floors are illuminated by walls of north- and south-facing windows. An inviting foyer with an oversized storage closet ushers you into the dramatic 23-foot-long great room. Here, you'll find a generous footprint for living and entertaining alongside show-stopping city views, including a direct line of sight to the famous Rockefeller Center Christmas tree! Folding doors reveal a well-appointed Pullman kitchen featuring glossy cabinetry, a stainless steel counter, a refrigerator, a cooktop and an oven. Sleep soundly in the sunny, south-facing bedroom offering king-size proportions, room for a home office area and a wall of reach-in closets. The en suite marble bathroom impresses with a soaking tub, glass shower, floating double vanity and wide medicine cabinet. A convenient powder room with an in-unit washer-dryer completes this magnificent Midtown home.

Built in 2007, The Centria is a sleek glass condominium tower offering residents an outstanding luxury lifestyle with 24-hour doorman and concierge service, a live-in resident manager, a state-of-the-art fitness center, a residents' lounge, a lounge with a professional catering kitchen and bar, a business center with two conference rooms, and adjoining landscaped courtyards. This pet-friendly enclave is ideal for full-time residents, investors and pieds-à-terre alike.

Located in the heart of Midtown Manhattan, this home defines exciting urban life with direct access to Rockefeller Center, Radio City Music Hall, MoMa, Bryant Park and the exciting theater district. World-class dining, designer shopping and vibrant nightlife venues line every nearby block, and transportation is effortless with B/D/F/M, E, N/R/W, 1/2/3, 4/5/6, 7 and S subway lines, Metro-North trains, excellent bus service and CitiBikes all nearby.

Vessel at Hudson Yards to Reopen

The climbable structure at the center of Hudson Yards will reopen later this year. Vessel, an interactive public artwork, first opened in 2019 along with the mega-development but closed in 2021 after several people died by suicide there. Three years later, the structure will reopen to the public but with new barriers in place, as CBS New York first reported.

Designed by Thomas Heatherwick, Vessel is a bronzed steel-and-concrete sculpture with 154 interconnected flights of stairs and 2,500 individual steps. When it opened in 2019, visitors could climb the honeycomb-shaped structure for free, with a reservation.

The first suicide at Vessel was reported in February 2020 when a 19-year-old from New Jersey jumped from the structure. Following two more deaths, developer Related Companies temporarily closed the structure and consulted psychiatrists and suicide-prevention experts to develop a plan to prevent any future tragedies.

Instead of installing barriers, Related introduced new protocols when it opened again, including prohibiting solo visitors, adding more staff, and charging $10. After a fourth death in July 2021, the structure and the surrounding plaza closed again.

When it reopens this year, Vessel will feature a floor-to-ceiling steel mesh barrier on several levels.

According to CBS New York, “half of the structure will have barriers placed on four of Vessel’s stairwells and adjoining platforms” and the first two levels will be fully open. The very top will remain closed as the mesh cannot be installed on this level.

“Through a closely coordinated effort with Thomas Heatherwick and Heatherwick Studio, we have developed a plan to install floor-to-ceiling steel mesh on Vessel while also preserving the unique experience that has drawn millions of visitors from around the globe,” a spokesperson for Hudson Yards told CBS.


Vessel at Hudson Yards to reopen this year

By Devin Gannon

April 12, 2024

Cover Photo: by Michael Giugliano via Pexels

161 West 15th Street, Unit PHA

161 West 15th Street, Unit PHA

CHELSEA, MANHATTAN

Asking $3,399,000

2 Bed  |  2 Bath | Co-op


 

Perfect in every detail, this meticulously remodeled indoor-outdoor penthouse impresses with magazine-worthy modern interiors, a palatial roof terrace and iconic views from Midtown to Lower Manhattan. Located in the heart of Chelsea, the home's wonderfully flexible floor plan includes two bedrooms, two bathrooms, luxurious entertaining space and a lovely fireplace.

Inside this sun-kissed sprawling showplace property, discover the highest level of craftsmanship and attention to detail imaginable. Barrel-vaulted ceilings soar up to 12 feet tall over hardwood floors, Venetian plaster walls and custom carpentry, including bespoke silent-close, 10-foot-tall planked white oak doors with gunmetal buckle inset handles. Beautifully designed for serene relaxation and upscale entertaining alike, the open-plan layout begins with an inviting living room where an oversized northern window with a solar shade frames unimpeded views of the Empire State Building. The custom-integrated bar makes gracious hosting effortless while adding abundant storage and an elegant divider between the handsome banquette dining area.

Elevate your culinary experience in the work-of-art open kitchen, where walls of sleek high-gloss lacquer cabinetry are trimmed with Italian soapstone countertops. Chefs will love the state-of-the-art appliances package, including a vented induction cooktop, oven, microwave, and dishwasher by Miele, as well as a Sub-Zero refrigerator and wine refrigerator. Retreat to the skylit second bedroom with a wood-burning fireplace surrounded by custom cabinetry, including a built-in home office area, nods to the abundant concealed storage throughout the home.

Sleep soundly in the luxurious owner's suite alongside epic skyline views, solar and blackout shades, and a chic Boffi ceiling fan. A wall of custom-built wardrobes flanks the gorgeous Calacatta marble double vanity, while a freestanding soaking tub leads to the marble wet room with an oversized walk-in shower featuring dual shower heads, a hand sprayer and a bench. A well-appointed second ensuite bathroom with Bianco Dolomiti marble and herringbone floor tile completes the thoughtful main level.

Ascend the breathtaking nautilus-like staircase to discover the home's crowning glory, a magnificent penthouse lounge perfect as a den/media room or dazzling home office. Two sets of NanaWall folding doors facing north and south open the space entirely to over 750 square-feet of landscaped rooftop terrace featuring large pavers, verdant planters, mature trees, irrigation system and a storage shed. From this spectacular perch, views stretch from the Midtown high-rises all the way to One World Trade.

This home's extensive upgrades include a Miele washer-dryer, zoned central air-conditioning and dedicated bathroom venting fans. Smart home features provide Control4 access to lighting, window coverings, Nest thermostats, and audio/video systems, including integrated speakers throughout.

161 West 15th Street is a gorgeous prewar brick building where residents enjoy live-in superintendent service, full-time porter, two upgraded elevators, solar panels and a bike room. The beautifully maintained, financially sound co-op allows pets, pieds-à-terre and subletting with approval.

From this spectacular location in the heart of Chelsea, you're surrounded by the city's best shopping, dining, nightlife, galleries and entertainment, with Greenwich Village, the Flatiron District and Midtown all within easy reach. Just a few blocks west, The High Line and 500-acre Hudson River Park provide glorious outdoor space and recreation, including dazzling Little Island. Enjoy easy access to Trader Joe's, Citarella, Whole Foods and the year-round Union Square greenmarket. Transportation options are abundant thanks to 1/2/3, L, F/M, A/C/E, 4/5/6, N/Q/R/W and PATH trains, excellent bus service and CitiBike stations all nearby.

50+ Streets in NYC To Go Car-Free For Earth Day

New York City’s car-free Earth Day event is back and better than ever. On Saturday, April 20, 53 streets and plazas across the five boroughs will be closed to cars and open for pedestrians and cyclists, nearly doubling the number of locations from last year. Running from 10 a.m. to 4 p.m., the annual Open Streets: Car-Free Earth Day includes seven signature event locations and 46 partner-produced open street locations, featuring public art, community programming, live performances, and more.

Courtesy of DOT

“‘Open Streets: Car-Free Earth Day’ encourages New Yorkers to leave their vehicles at home and appreciate our streets as shared open spaces for all,” NYC DOT Commissioner Ydanis Rodriguez said.

“As part of the city’s largest-ever Car-Free Earth Day celebration, will be hosting programming, music, and other activities at dozens of car-free streets around New York City. And new, temporary public art will help us remember: We only have one planet — and we must all do our part to reduce our carbon footprint and respect our environment.”

Car-free Earth Day 2023 on St. Nicholas Avenue. Photo by NYC DOT on Flickr.

DOT selected four artists to create temporary, environmentally-focused art along certain open streets. Natalia Wood will present “EcoHarmony,” which repurposes furniture and transforms it into organic structures through live plants, showing nature’s potential to reclaim the built environment. Wood will also give out 1,000 plants for free.

“Kelp Parade,” a collaborative artwork by Amanda Thackray and Wendel Jeffrey, will bring a kelp forest to life through 24 flags made of up-cycled plastic bags activated by movement and sound.

Lyubava Kroll will design “Keep NYC Green,” a series of graphics for the aluminum signage installed on streetlights throughout the five boroughs that envisions a sustainable future for the city.

The DOT-sponsored signature events are below:

Manhattan

Broadway
East 17th Street to West 46th Street

Dyckman Street
Broadway to La Marina

St. Nicholas Avenue
181st Street to 190th Street

Brooklyn

5th Avenue
40th Street to 45th Street

Queens

Woodside Avenue
75th Street to 78th Street

The Bronx

East 188th Street
East Fordham Road to Grand Concourse

Creston Avenue
East 188th Street to East Fordham Road

Staten Island

Port Richmond Avenue
Post Avenue to Castleton Avenue

Learn more about the partner-produced locations here.

With support from Lyft, Citi Bike is offering eliminated 30-minute rides for 24 hours. Riders can take advantage of the offer by entering the promo code CARFREE24 in the Citi Bike app.

“‘Open Streets: Car-Free Earth Day’ is the most aspirational day of the year when we see how much safer, cleaner, and more vibrant the city can be when our streets are reclaimed for people,” Ken Podziba, CEO of Bike New York, a non-profit organization that promotes cycling, said.

“This day is a glimpse into what we hope the city’s future will look more like and we can’t thank Commissioner Rodriguez enough for taking this great New York tradition, which he founded in 2016, and once again expanding it so that more New Yorkers can enjoy the fun and excitement of car-free streets.”


50+ streets in NYC to go car-free for Earth Day

By Aaron Ginsburg

April 3, 2024

Cover photo: courtesy of NYC DOT on Flickr

7 Spots To Watch The Solar Eclipse in Manhattan Next Week

On April 8, New York will experience its first total solar eclipse in almost a century. Five regions across the northern part of the state lie in the path of totality and will witness the moon passing between the sun and earth, blocking the face of the sun for up to four minutes. While only a partial eclipse will be visible in New York City, the event marks the last solar eclipse in the five boroughs until 2044. In anticipation of this once-in-a-lifetime event, the state is offering plenty of ways to witness the spectacle. Ahead, find the best ways to experience the solar eclipse across the state, from aboard the U.S.S. Intrepid and atop the city’s highest outdoor observation deck to the banks of the Hudson River in Bear Mountain State Park and a Long Island beach.

It’s important to be prepared with proper eye protection before April 8, as looking at the eclipse without special solar eclipse glasses can lead to permanent eye damage. New Yorkers can pick up glasses at the MTA’s Long Island Rail Road ticket windows in Moynihan Train Hall, open from 6:30 a.m. to 9:30 p.m. daily. There will also be glasses available for free at Brooklyn Public Library branches.

For those traveling upstate or to Long Island to witness the event, the state will distribute limited-edition I LOVE NY eclipse glasses at 30 locations across the state. Those interested in purchasing additional viewing devices can find more information here.

Image courtesy of Edge

Manhattan

Edge
30 Hudson Yards

Edge, the highest observation deck in the Western hemisphere, offers an unparalleled way to experience the solar eclipse. At 1,131 feet in the air, you can’t get any closer to the eclipse than at Edge. The solar eclipse will pass over the five boroughs from 2:10 p.m. to 4:36 p.m., with maximum coverage expected to hit at 3:25 p.m. Guests will be given solar eclipse glasses to ensure safe viewing and there will be a special eclipse cocktail available for purchase. You can purchase tickets to Edge here.

Intrepid Museum
Pier 86, West 46th Street
April 8 from 2 p.m. to 4 p.m.
Experience the solar spectacle from the flight deck of the iconic aircraft carrier, U.S.S. Intrepid. While aboard, guests can learn more about the science behind the rare cosmic event from museum educators. Eclipse-viewing glasses will be provided for free. Admission to the flight deck for viewing will be available on a first-come, first-serve basis. The viewing event is free with museum admission. Tickets can be purchased here.

Top of the Rock
45 Rockefeller Plaza
April 8 from 12 p.m. to 2:30 p.m.
Enjoy the solar eclipse from one of Manhattan’s most iconic observation decks, 30 Rockefeller Center’s Top of the Rock. Visitors will enjoy complimentary eclipse viewing glasses from Warby Parker, themed treats from the Weather Room, and eclipse-inspired music, all while experiencing sweeping 360-degree views of NYC. To attend the event, purchase a timed ticket to the Top of the Rock between 12 p.m. and 2:30 p.m. on April 8 here.

One World Observatory
117 West Street
Witness the eclipse from the highest vantage point in NYC, One World Observatory. Admission includes one pair of solar eclipse viewing glasses, one complimentary beverage of your choice, a commemorative One World Observatory pint glass, a souvenir photo, and a 10 percent discount at the observatory’s retail store. Tickets cost $94 for adults and can be purchased here.

Flatiron District
Flatiron North Plaza, Broadway & 23rd Street
April 8 from 12 p.m. to 3:30 p.m.

Join the Flatiron NoMad Partnership and the Simons Foundation at Flatiron North Plaza for a special partial solar eclipse viewing party. The event includes free ISO-certified solar eclipse glasses (while supplies last), solar viewing telescopes set up by scientists and staff from the Simons Foundation, a “galactic photo booth,” and a slew of family-friendly activities. The event will also feature state-of-the-art LightSound devices that convert the “variation of light intensity” during an eclipse into sound, enhancing the eclipse experience not only for the visually impaired but for all viewers.

Solar Eclipse Viewing Cruise
Pier 62, West 22nd Street
Enjoy the eclipse while taking in views of iconic NYC landmarks like the Statue of Liberty, World One, and Ellis Island on this 2.5-hour NY Harbor cruise. NYC will experience 71 percent totality, with the maximum coverage occurring at 3:25 p.m. Solar eclipse viewing glasses will be provided on a first-come first-serve basis. Admission costs $86-$96 per person and includes one complimentary drink of beer, wine, Champagne, soda, or bottled water. Tickets can be purchased here.

American Museum of Natural History
200 Central Park West
April 8 from 10 a.m. to 3 p.m.

Join staff at the American Museum of Natural History for fun, family-friendly educational activities before the eclipse fills the sky above NY. Solar eclipse glasses will be provided while supplies last. The event is free with museum admission.


25 spots to watch the solar eclipse in NYC and beyond

By Aaron Ginsburg

March 26, 2024

Cover photo - 2017 solar eclipse at the Top of the Rock. Photo courtesy of Tishman Speyer

380 Riverside Drive, Unit 2M

380 Riverside Drive, Unit 2M

UPPER WEST SIDE, MANHATTAN

Asking $2,750,000

4 Bed  |  2.5 Bath | Co-op


 

Equally suitable for lavish entertaining and cozy Sunday mornings, this beautifully combined four-bedroom, two-and-a-half-bathroom co-op is the ideal Morningside Heights haven in a landmarked full-service building.


Inside the sprawling 2,400-square-foot residence, beautiful hardwood floors, soaring ceilings, and handsome millwork nod to the home's historic grandeur, while central air conditioning and designer updates appeal to today's discerning New Yorker. From the gracious entry, you're welcomed into a bright and airy open layout, beginning with a large living room wrapped in custom built-ins, large windows and an inviting fireplace. Plan your next dinner party in the spacious dining area and enjoy an oversized open gourmet kitchen with custom cabinetry trimmed with quartz countertops and subway tile backsplashes. Cooking and cleaning are a breeze thanks to a fleet of upscale stainless steel appliances, including a vented Viking range, Sub-Zero refrigerator, dishwasher and wine refrigerator. A media room accessible from the living room and kitchen is perfect for movie nights. A powder room and coat closet add convenience to the thoughtful living spaces.


Luxurious accommodations begin in the northern wing's stunning owner's retreat. Here, a large corner den boasts a custom desk and magnificent arched windows framing park views. Double doors open to the serene king-size bedroom flanked by two massive closets and an en suite bathroom featuring a walk-in rain shower and wide double vanity. In the separate southern wing, three spacious and bright secondary bedrooms feature built-in desks, roomy closets and custom wallcoverings. A walk-in storage room, laundry closet, and a large windowed bathroom with a tub/shower and double vanity complete this exquisite turnkey sanctuary.


A monthly assessment of $220.18.


Built in 1906, 380 Riverside Drive is an ornate Italian Renaissance Revival building with a stunning Roman brick, limestone and terra cotta facade topped by a commanding belvedere and parapets. Known as The Hendrik Hudson for its original owner, the handsome pet-friendly cooperative offers 24-hour doorman service, a live-in superintendent, laundry, storage, a bike room and a rare on-site parking garage (currently waitlisted).


From this exceptional Morningside Heights Historic District location, you're surrounded by spectacular outdoor space, including Riverside Park's lush gardens, recreation and river views. Enjoy an array of fantastic cafés, restaurants and nightlife venues, including iconic Tom's Restaurant, on the nearby blocks. Westside Market, Trader Joe's and Whole Foods are within a mile, while Columbia University and the City College of New York complete the vibrant neighborhood. Excellent transportation options — including 1, B and C trains, numerous bus lines, CitiBikes, and the Henry Hudson Parkway — provide easy access to the rest of the city and beyond.

The Monthly Update - April 2024

New York City: Q1 Real Estate Roundup

Three Topics, One Quarter

Contract Signed Activity, Overall Inventory/Supply:

After interest rates came down at the end of 2023, the first two months of Q1 2024 saw a sizable pickup in buyers putting property under contract. With inventory tight because the spring inventory push was still on the horizon, January and February felt more in favor of sellers than buyers. However, as interest rates started to inch up, by the end of February, there was a noticeable pullback by purchasers. Contract signing activity was actually negative during the first two weeks in March. However, as we approach the official start of the spring market (today!), we’re seeing purchasers come back to the marketplace despite interest rates hovering just under 7%. The end of the first quarter of 2024 saw overall inventory reach roughly 6,500 total available listings, which is on par with most previous “normal” years. Historical data also hints at what we can expect going forward — about 7,600 listings by about the middle of June — giving buyers plenty of options and contributing to a more balanced market.

The NAR Settlement and Lawsuits:

Many have read about the changes to commission structures, pending the National Association of Realtors lawsuit settlement. New York City is not under NAR jurisdiction. Most city agents (if not all) are not part of the National Association of Realtors (NAR). The Real Estate Board of New York is our local volunteer governing body, and all of the major firms and most smaller firms are part of REBNY, which has been active in getting ahead of these rulings. Most New York City brokerages have amended their listing agreements to lay out the commission structure so sellers can better understand how the commission structure is paid out and have more options on choosing how to pay out commissions, if they decide to pay them at all. As a New York City real estate agent for the past 22 years, I have to say that commissions have always been a negotiated item, like everything in real estate. Everything is negotiable! Price, commission, closing date, closing costs — you can even negotiate furniture in the apartment! So, the settlement may have far-reaching changes on a national level, but it will be interesting to see how it may or may not affect the New York City market, as the National Association of Realtors never had jurisdiction here.

Looking Ahead:

As the spring market gets underway, we are seeing an increase in overall listing supply and buyer activity, as we do every spring season. We’re not observing a record-setting pace this year so far, but we are seeing a normal flow and cadence, which is refreshing with all the changes that are happening around us. Real estate in Manhattan and Brooklyn has always been a reliable investment with no real swings and angulations up or down. It’s a steady ship that can give many homebuyers and homeowners a sense of stability. And with the presidential election on the horizon, it looks like we’ll see most of the activity in Q2 and the beginning of Q3, with a wildcard for the last four months of the year. Overall production for 2024 should be on par with most normal years once we close out the year in December. 


COMPASS in the News

Compass is #1!

We are pleased to share that – for the third year in a row – as of the end of 2023, Compass remains the LARGEST brokerage in the United States in terms of closed sales volume (RealTrends 3/8/24).

Almost anywhere a buyer is considering moving, Compass has highly talented, high-integrity, well-respected and hardworking agent to refer you to.

We are proud to be a part of the largest brokerage in the U.S. – where we can best support YOU!

Powered by the Compass network and technology, we have access to the top agents nationwide to help you with all of your real estate needs.


Local Happenings

The Orchid Show: Natural Heritage

NOW - SUNDAY, APRIL 23RD

Acclaimed artist Lily Kwong, the designer for The Orchid Show’s 20th year, presents a meditative and captivating design inspired by her ancestral connections to the natural world. Don’t miss this chance to be immersed in a mesmerizing array of orchids and to feel enwrapped in this one-of-a-kind experience at the New York Botanical Garden.

The Easter Bonnet Parade & Festival

SUNDAY, APRIL 9TH

The Easter Bonnet Parade & Festival is all about the hats—lavishly decorated, from the exquisite to the outlandish. Anyone is welcome to join, just show up near St. Patrick's Cathedral at 10am on Easter Sunday to watch or saunter with the group up Fifth Avenue.


Lifestyle Tips and Tricks

30+ Best Kitchen Color Ideas

Grab your paintbrush and get ready to give a fresh new look to your kitchen walls and cabinets.

Courtesy of Country Living

Spring Cleaning Checklist

The Ultimate Guide to a Tidier Home. Spring cleaning will be easier with our checklist that covers your house from top to bottom.

Courtesy of Better Homes & Gardens


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Cherry Blossom Tour in NYC

Thousands of cherry blossom trees across the five boroughs have begun to sprout their vibrant petals, marking the arrival of spring in NYC. One of the best ways to experience the breathtaking flora is by embarking on a tour through one of the city’s cherry blossom hot spots. Luckily, plenty of locations across the city offer tours of cherry blossoms and spring flowers, including Central Park, the Brooklyn Botanic Garden, the Green-Wood Cemetery, and more.

While the city’s cherry blossoms are beginning to show signs of pink, the peak blooming season typically begins in mid-April. There are roughly 35,000 trees located throughout the five boroughs, the majority of which are Okame, Yoshino, or Kwanzan trees, according to the New York Times.

Cherry Hill in Central Park. Photo © Dana Schulz / 6sqft

To share the beauty of the park’s stunning Yoshino and Kwanzan cherry blossoms, the Central Park Conservancy is hosting 90-minute educational tours along the reservoir, touching on the backstory of how the trees came to the park and their maintenance. The tours start Friday, March 29, and run through April 13. Additional highlights include a stop at the famous cast-iron Gothic Bridge. Tickets cost $35 for adults and can be purchased here.

The Brooklyn Botanic Garden. Photo courtesy of Allison Meier on Flickr

For a free self-guided tour, the Conservancy offers an interactive map that tracks blooming in real-time and helps visitors locate the trees within the park.

The Brooklyn Botanic Garden offers tours highlighting its vibrant landscape in bloom. The Garden offers free seasonal highlights tours that showcase plants and trees in the early stages of blooming.

Later in April, the garden will host Hanami Nights, when the magical Cherry Esplanade will be illuminated to show off its peak bloom. The special evenings include live music, a pop-up bar with Japanese beer and sake, and food curated by local grocer Sunrise Mart.

Also in Brooklyn, Green-Wood Cemetery is hosting tours of its historic grounds as its scenic landscape begins to blossom with the colors of thousands of trees, including hundreds of cherry blossoms. The tours, led by the cemetery’s horticulture team, will highlight a few outstanding examples of the roughly 8,000 trees found throughout the grounds. The tours will be held on March 24 and April 14 from 2 p.m. to 3:30 p.m. Tickets cost $25.

Green-Wood Cemetery. Photo courtesy of David Berkowitz on Flickr

In Queens, the Alliance for Flushing Meadows Park will host a Spring Cherry Blossoms Walk with the NYC Parks’ Urban Park Rangers on April 14 from 10 a.m. to 12 p.m. The tour sets off at the Unisphere, and along the way, the Rangers will teach guests about the iconic trees.

Staten Island’s Silver Lake Park invites visitors on a hike through their scenic paved trails along the reservoir, which is lined with stunning apple and cherry blossoms. The hike will take place on April 25 from 11 a.m. to 1 p.m. Register for the free event here.

More on the best spots in NYC to view cherry blossom trees can be found here.


Take a cherry blossom tour in NYC

By Aaron Ginsburg

March 21, 2024

Cover photo: Green-Wood Cemetery. Photo Credit: Amy Nieporent

221 East 50th Street, Unit 6D/7D

221 East 50th Street, Unit 6D/7D

MIDTOWN EAST, MANHATTAN

Asking $1,395,000

3 Bed  |  3 Bath | Co-op


 

Welcome to a meticulously executed, sun-filled duplex in the heart of Midtown East/Turtle Bay.

This stunning combination of two units has created an airy three-bedroom, three-bathroom residence that maximizes the units' space. Whitewash oak flooring invites you inside to take in a full-width southern exposure and views that skim over the rooftops of the adjacent buildings. Custom lighting enhance the open plan great room's sense of space and light, while the nearby windowed kitchen offers state-of-the-art appliances by Bosch, Bertazzoni and Fisher & Paykel. At the rear of this level, a large bedroom with an impressive walk-in closet stands next to a gleaming full bathroom.

Acting as both focal point and conveyance, the custom staircase unifies the two levels with blackened steel supports, white oak tread boards and chic vertical slats. Upstairs, the luxe master suite includes another walk-in closet, a spacious windowed master bathroom, and innovative full-height electrolytic glass panels that draw natural light into the hallway or provide complete privacy at the flip of a switch. The third bedroom is situated at the rear of the floor, and the home's third full bathroom includes an in-unit washer-dryer. Custom closets, recessed lighting, HVAC units enclosed in custom cabinetry, under cabinet lighting, high-end hardware and custom millwork illustrate the care and attention that's gone into this designer home's thoughtful reimagining.

221 East 50th Street is a well-maintained postwar co-op building offering a live-in superintendent, central laundry, and bike storage. Set on beautiful, tree-lined 50th Street near Third Avenue, this delightful home is in the heart of one of Manhattan's most convenient and enjoyable neighborhoods offering residential ambiance combined with incredible accessibility. Fantastic restaurants and transportation options are abundant with 6, E and M trains within three blocks and 4/5, S and 7 trains at Grand Central Terminal.

Small-Format Whole Foods Opening On The UES

Whole Foods is piloting a new, small-format convenience store on the Upper East Side this year. The supermarket chain on Monday announced plans to open a “Whole Foods Market Daily Shop” at 1175 Third Avenue as part of an ongoing effort to provide a quick and convenient shopping experience for customers in urban areas. The Upper East Side location, which will replace The Food Emporium that closed last April, marks the first step in a broader expansion project, with the grocer expecting to open multiple New York City locations and in other cities across the United States in the future.

The compact “quick-shop” stores, ranging in size from 7,000 to 14,000 square feet, will offer the same high-quality products that are synonymous with the Whole Foods brand but in a space half the size.

The Daily Shops will prioritize convenience, offering a variety of grab-and-go meals and snacks, weekly essentials, and more. The smaller stores are meant to pave the way for the supermarket brand’s “expansion into dense, metropolitan areas,” according to a press release.

While smaller than standard-sized supermarkets, the shops will still offer a diverse selection of fresh produce, meat, seafood, bread, alcohol, supplements, and a rotating variety of handpicked local specialties, according to the company.

Additionally, the Upper East Side location will be the first Whole Foods store in Manhattan to feature “Juice & Java,” which offers coffee, tea, fresh pressed juices, smoothies, sandwiches, soups, and desserts.

“At our new store formats, we’re tailoring every square foot to the unique, fast-paced needs of urban lifestyles,” Christina Minardi, executive vice president of Growth & Development at Whole Foods Market & Amazon, said. “We’re excited to introduce a new way for our customers to quickly pick up their Whole Foods Market favorites – from grab-and-go meals to that last-minute dinner ingredient – making the early morning or after-work grocery trips more efficient and enjoyable.”

“Expanding our footprint with Whole Foods Market Daily Shop is key to our growth, fostering deeper customer connections, and advancing our purpose to nourish people and the planet.”

The small-format stores will not replace the regular, full-sized Whole Foods supermarkets but will serve as an alternative way for customers to conveniently shop and enjoy the grocer’s beloved selection of products.

Whole Foods currently has 17 locations in New York City, with the latest at the brand new office-condo conversion One Wall Street.


Whole Foods to open small-format shop on the Upper East Side this year

By Aaron Ginsburg

March 5, 2024

All rendering courtesy of Whole Foods

20+ Free Tree Giveaways Across NYC This Spring

It’s free tree season. The New York Restoration Project (NYRP) on Monday announced plans to dole out 3,500 trees across the city during its annual tree giveaway. Registration is now open to receive a free tree during 20+ events starting April 13 through May 12.

NYRP will be giving away 30 different native tree species, including American Persimmon, American Plum, Beach Plum, Black Cherry, Eastern Redbud, Elderberry, Fragrant Sumac, Pagoda Dogwood, Red Maple, Sweetbay Magnolia, and more. A full list of tree species can be found here.

NYRP began hosting tree giveaways in 2008 as part of MillionTreesNYC, an initiative led in partnership with the city’s Parks Department that concluded in 2015. Since then, NYRP has continued its giveaway program and will have distributed more than 75,000 trees in total at the end of this season.

The giveaways help contribute to NYC’s environmental resilience by expanding its canopy and providing shade, creating habitat for wildlife, reducing temperatures, improving air quality, and mitigating storm water run-off.

Partners and locations for the giveaway events are as follows:

“New York Restoration Project is thrilled to reach our 75,000th free tree milestone this season,” Lynn Bodnar Kelly, executive director of NYRP, said. “This beloved program continues to spread the undeniable benefits of our urban tree canopy to the neighborhoods that need them most. Our city must get more trees in the ground if we want to truly increase New York’s environmental resilience.”

Those interested in getting a free tree must register in advance here.


20+ free tree giveaways to take place across NYC this spring

By Aaron Ginsburg

March 4, 2024

All images courtesy of New York Restoration Project

610 Warren Street, Unit 4B

610 Warren Street, Unit 4B

Boerum Hill, Brooklyn

Asking $1,875,000

2 Bed  |  2.5 Bath | Condo


 

Exquisite designer interiors and two private outdoor spaces await in this breathtaking Boerum Hill two-bedroom, two-and-a-half-bathroom duplex located at the epicenter of Brooklyn's best residential enclaves and exciting amenities.


Designed by Paris Forino, this 1,244-square-foot residence greets you on the sun-splashed main level with 7.5-inch white oak floors and tall ceilings featuring recessed and designer lighting. Relax and entertain in the spacious living/dining room, or head out to the adjacent terrace for seamless indoor-outdoor living. The open chef's kitchen impresses with stunning black and white cabinetry trimmed with brass fixtures, white subway tile, and chic Brazilian Arabescato honed quartzite countertops. Upscale appliances by Gaggenau include a gas cooktop, oven, integrated refrigerator, and microwave drawer, and a Bosch dishwasher and garbage disposal round out the kitchen. A convenient powder room completes this level.


Bedrooms are placed on the upper level for optimal peace and privacy. The owner's suite boasts a king-size layout, a massive walk-in closet and a private balcony perfect for morning coffee. A pocket door reveals an en suite spa bathroom filled with marble tile, white oak vanity and a relaxing walk-in shower with frameless glass doors and a slatted wood floor. The secondary bedroom offers a roomy closet and easy access to a second full bathroom with a soaking tub and handsome tilework. A laundry closet with a Whirlpool washer-dryer completes this beautiful Brooklyn home.


Built in 2016, 610 Warren Street is an amenity-rich condominium featuring a captivating brick and brass façade. Residents enjoy part-time doorman service, a virtual doorman system, package room, resident lounge, fitness center, children's playroom, pet spa room, bike storage, onsite parking, storage and a glorious landscaped roof deck with grills and magnificent skyline views. A 15-year tax abatement is in effect until 2034.


This outstanding location near the intersection of Park Slope, Prospect Heights, Boerum Hill, Downtown and Fort Greene puts the best of Brooklyn living is right outside your door. BAM and Barclays Center provides world-class entertainment, and Prospect Park and Fort Greene Park are minutes away. Atlantic Terminal Mall, City Point BKLYN, artisanal cafés, world-class restaurants, eclectic nightlife venues and vintage boutiques line the adjacent blocks. The rest of the city is within easy reach thanks to B/D, N/Q/R/W, 2/3 and 4/5 subway lines, excellent bus service, LIRR trains and CitiBike stations all nearby.

First Public E-Bike Charging Station Now Open in the East Village

New York City’s first public, outdoor e-bike battery charging station opened last week as part of a six-month pilot program to test safer technologies for delivery workers and provide an alternative to charging bikes inside. The first of five to open in the coming weeks, the new station is located at Cooper Square in the East Village. The infrastructure includes a battery-swapping cabinet to swap out dead batteries for fully charged ones and a secure charging rack where workers can lock up their bikes and charge them while parked. The city said 100 delivery workers will initially participate in the pilot program and provide feedback on the charging hubs.

“We count on delivery workers for so much, and they should be able to count on us, too — whether that means fighting for fair pay or making their jobs and livelihoods safer,” Mayor Eric Adams said.

“This pilot program we’re kicking off today will give delivery workers the ability to access safe, accessible, outdoor battery-charging that will undoubtedly save lives, and we’re eager to expand this pilot even further. We know the incredible potential of e-bikes in our city and it’s on us to make e-bike use even safer.”

More charging stations will open in the coming weeks, including at the Brooklyn Army Terminal in Sunset Park, Essex Market on the Lower East Side, Plaza de las Americas in Washington Heights, and Willoughby and Jay Streets in Downtown Brooklyn.

Tech companies Swobbee and Popwheels are providing the swappable battery cabinets and Swiftmile will provide the charging rack. All of the station’s charging features include fire safety measures like automatic shutoff if a battery is overheating.

The FDNY, a partner in the pilot, will inspect each new pilot location during installation and throughout the length of the program.

According to the New York Times, the program will cost the city roughly $950,000. Feedback gathered from participants will help inform the future of e-bike charging technology across the five boroughs.

The city first announced the pilot in December following an uptick in the number of deaths caused by faulty lithium-ion batteries. So far in 2024, there have been 31 fires caused by lithium batteries in the city, including one in Harlem last month that killed one person and injured 17 others. In 2023, battery fires killed 18 people.

Delivery workers interested in participating in the program can fill out an expression of interest here, or attend an onboarding event. The next onboarding events will be held at Cooper Square on March 7 from 2 p.m. to 5 p.m., and at the Brooklyn Army Terminal on March 8 from 2 p.m. to 5 p.m.

“Los Deliveristas Unidos supports this initiative led and implemented by the Department of Transportation,” Alejandro Grajales, representative of Los Deliveristas Unidos, a group advocating on behalf of delivery workers, said.

“Building e-bike micro mobility infrastructure like e-bike charging has been a priority for Los Deliveristas Unidos. This type of infrastructure is critical to enhancing safety for not just the delivery workforce but the entire community at large.”

The pilot program falls under the mayor’s “Charge Safe, Ride Safe” plan, which aims to prevent fires caused by defective lithium-ion batteries and make e-vehicles safer for delivery workers and New Yorkers.


First public e-bike charging station opens in the East Village

By Aaron Ginsburg

March 4, 2024

All photos courtesy of NYC DOT

The Monthly Update - March 2024

Renting vs. Buying (Post-COVID Edition)

It’s been debated many times before, but now that the New York City real estate market has seemingly turned a corner with a resurgence of buyers back into the real estate marketplace, it brings up the classic debate: What’s better, renting or buying?

The historical data indeed shows a clear trend of real estate appreciation over time, despite occasional downturns, such as the financial crisis of 2007/2008. During another flashpoint, the COVID crisis, the overall market chopped roughly 10% from prices and is still clawing its way back despite sky-high transaction rates during the initial stages of the pandemic. And the current strong buyer push hasn’t really moved the needle for pricing. That said, the correlation between inflation and real estate appreciation is often evident, as real estate tends to be a hedge against inflation due to its tangible nature and value as an asset.

It's understandable that some buyers may hesitate or attempt to time the market, especially in environments with tight inventory like today's landscape. But despite tight inventory, the long-term play to purchase real estate always seems to pay off if you treat real estate like long-term stocks. And waiting rarely pays off. Real estate has consistently appreciated over time, and trying to "get a deal" by waiting for prices to drop significantly can often result in missed opportunities.
Today is that day when prices are still diminished and recovering from COVID, and interest rates have finally dipped into more “normal” and affordable numbers. In short, it’s a great time to buy New York City real estate. Particularly when compared to the cost of a spring rental market, when fair market rates will probably jump anywhere from 5 to 20%. If you can lock in your purchase in the next four to six weeks, you’ll be a very happy seller in five to seven years :-).

In active markets, like today, with tight inventory, it's crucial for buyers to engage effective real estate professionals who understand the business and can help navigate conditions that are changing almost daily. Taking advantage of a market that's at the bottom of its basin is always a good thing, and today is that day!


Local Happenings

NYC Saint Patrick's

Day Parade

Saturday, March 16, 2024

Head anywhere on 5th Avenue to watch the world's oldest annual St Patrick's Day parade, which has a turnout of over two million spectators every year, with over 150,000 participants marching. This festive event is one you won't want to miss!

Japan Fes

Saturday, March 23, 2024

Explore a culinary journey of Japan without leaving NYC at this year's first outdoor Japan Fes event! If you're a foodie, you need to check out this awesome series!


Lifestyle Tips and Tricks

Here's how to 'Tomato Girl' Your Home in Any Season

One of the most talked about interior design and fashion trends this year was the "Tomato Girl" aesthetic. There's a good reason for this - it's polished yet whimsical, with a touch of grand millennial mixed with a dash of quiet luxury.

Kitchen + Dining Room From HGTV Dream Home 2024

Beautiful blue cabinetry provides tons of storage in this open kitchen with stunning water views. A lighter aqua-colored island gives family and friends a spot to gather around in this delightful space with layers of blues...


Featured Listings


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10 Bleecker Street, Unit 1B

10 Bleecker Street, Unit 1B

Noho, MANHATTAN

Asking $2,825,000

3 Bed  |  2 Bath | Co-op


Beautifully planned and designed, this stunning three-bedroom, two-bathroom duplex offers maisonette privacy and co-op amenities in the perfect NoHo location.

Impeccably gut renovated to maximize its historic character, while adding modern conveniences and high style, this expansive loft residence offers airy living spaces under soaring 13-foot ceilings. Arrive on the upper level via your own private entrance — and take in industrial-chic concrete floors and sleek white art walls highlighted by an original column and beam. The great room provides a spacious and sunny space for living and dining, while the gleaming white-on-white kitchen offers top-notch appliances and a massive marble waterfall island. A rustic barn door reveals a luxurious master suite on this level lined with sumptuous wall coverings and clerestory windows. A huge, fitted walk-in closet attends to the wardrobe, and the en suite bathroom boasts floor-to-ceiling marble, with an oversized walk-in shower and a distinctive trough basin.

Downstairs, flawless wide-plank hardwood leads you to the expansive den/playroom. More columns, clerestory windows and barn doors provide architectural appeal, and bedrooms on this level feature large windows and stunning exposed brick. The full bathroom here dazzles with designer stone and an enormous clawfoot soaking tub. There's a massive storage room with in-unit washer-dryer and utility sink, and air conditioning units provide year-round comfort.

Set within the NoHo East Historic District, 10 Bleecker Street is a handsome Renaissance Revival structure built for commercial use in 1893. Its earliest occupants were garment businesses, novelty companies and tool-and-die firms. Converted to cooperative use in 1986, today's residents enjoy newly updated common areas, video intercom and virtual doorman technology, private storage lockers and bike room, laundry, and a large furnished roof deck with barbecue grills.

Located at where Elizabeth Street meets Bleecker, this building is at the intersection of Downtown Manhattan's best neighborhoods: NoHo, SoHo, The Bowery, Greenwich Village, the East Village and the Lower East Side. Famed Washington Square Park, Tompkins Square Park and Roosevelt Park provide ample green space; NYU is a stone's throw away; and the exciting Essex Crossing development is within easy reach. Transportation from this accessible neighborhood is a breeze with 6, B/D/F/M and N/R/W all nearby.

Temporary Outdoor Event Space at Site of Demolished Hotel Pennsylvania Coming Soon?

Vornado Realty Trust may bring an outdoor event space to the site of the former Hotel Pennsylvania as it delays constructing a 56-story office tower there. As first reported by Crain’s, the developer has floated the idea of “Penn Platform,” an 80,000-square-foot space for U.S. Open tennis matches, New York Fashion Week shows, concerts, soccer matches, and other events, in addition to giant billboards, as seen in conceptual renderings published in a marketing brochure. Located on 7th Avenue between 32nd and 33rd Streets, the site sits across from Penn Station and was once home to a 100-year-old hotel, which was demolished last year.

The outdoor space takes roughly half of the block between Sixth and Seventh Avenues, and West 32nd and West 33rd Streets. According to the brochure, Penn Platform “offers brands a unique opportunity for activation space on New York City’s newest stage.”

“The Platform’s open layout and advertising/signage opportunities makes it ideal for a wide range of events, while the bustling energy of the city ensures maximum exposure and engagement to make a lasting impression.”

Renderings show the event space being used for New York Fashion Week and U.S. Open tennis matches, with four tennis courts fitting into the nearly two-acre space.

Looking south on 7th Avenue at the site of the former Hotel Pennsylvania (on left). Photo © Ondel Hylton

Penn Platform’s most prominent feature would be a towering digital billboard measuring 150 feet high by 197 feet wide. While there are already large billboards located around the intersection, the size of the proposed digital billboard is unprecedented for the area, according to Crain’s. The signage would span the entire distance from West 32nd to West 33rd Streets and cover the entire back side of 100 West 33rd Street.

The site is slated to become Penn 15, a long-in-the-works massive office tower, now on hold because of current market conditions. A temporary space like Penn Platform would be able to generate profit for the company in the meantime.

A spokesperson for Vornado told 6sqft in a statement: “We are currently considering a number of potential interim options for the Hotel Pennsylvania site. The renderings in the presentation are for conceptual purposes.”

Plans to redevelop the broader area around Penn Station were put on hold last February following the pandemic’s effect on in-person work and the increasing vacancy in office buildings across the city. Steven Roth, CEO of Vornado, said at the time new construction was “almost impossible” because of the market.

“It’s a great site in the center of the city,” Michael J. Franco, president and CFO of Vornado, said during the company’s Q3 earnings call in October, referring to the Penn Platform space. “And whether it’s fashion shows or other temporary uses, we think there will be opportunities to generate some cash flow until the site is ready for development.”



Vornado floats temporary outdoor event space at site of demolished Hotel Pennsylvania

By Aaron Ginsburg

February 16, 2024

Cover photo and all renderings are conceptual. Courtesy of Vornado

160 East 27th Street, Unit 11A

160 East 27th Street, Unit 11A

KIPS BAY, MANHATTAN

Asking $715,000

1 Bed  |  1 Bath | Co-op


 

Investor-friendly co-op; sublet from day one. There is currently a tenant in place. For lease details, please inquire.

This updated, large and sunny one-bedroom is a quiet retreat on the 11th floor of a 12-story building. As you enter the sun-drenched apartment, you find a foyer with a proper coat closet. You continue into a renovated kitchen with Caesar stone countertop, island/breakfast bar, a pantry, and stainless-steel appliances. The bedroom, with two large closets, is large enough to accommodate a king-size bed.

Benefit from a recently renovated lobby, live-in super, video intercom and new laundry room in the building. 160 East 27th Street is a well-run co-op conveniently located in prime Kips Bay, just blocks from the six train.