NYC has always been a popular destination for foreigners, whether it be as tourists or investors in Manhattan real estate. However, it has been almost two years since foreigners have been freely permitted into the U.S. So, while the city's economy and real estate market are very much in recovery, the absence of foreign consumers has prevented the recovery from reaching its full potential. However, it seems this absence is now coming to a very welcome end. The Biden administration just announced that foreigners who are fully vaccinated against the Coronavirus may begin to re-enter the U.S. as of November 8th. We expect this will have a very positive impact on both the economy (through increased tourism) as well as on NYC's real estate market. While this development will directly drive sales in the high-end condo market, rising prices in one segment of the real estate market generally lifts prices across all segments, and so we expect all owners will be the beneficiaries of With Q3 sales already 3x higher than last year, the highest quarterly total in more than 32 years, we can’t help but wonder… Will the return of foreign buyers ignite a buying frenzy? What do you think? |
Read on to learn more about: |
The Bellemont 1165 Madison/86th
Expansive Luxury on the Upper Eastside |
The Naftali Group’s latest and greatest project, The Bellemont, on the corner of 86th Street and Madison, is yet another Robert A.M. Stern masterpiece! Designer Achille Salvagni is also part of the team responsible for creating 12 remarkable, luxury residences. The hand-laid limestone facade, and iron-work doors, offer detail and scale rarely seen in new construction, and historically only available in pre-war coops. The homes, some full floor, some duplexes, are all top-of-the-line in every way possible and just one block from Central Park. Each residence will feature loft-like ceiling heights and dramatically tall windows. Amenities include an enchanting rooftop terrace with spectacular views of Central Park, a state-of-the-art screening room, regulation-size squash court, children's play room, and a fully equipped, holistic fitness space. Completion slated for Q1 2023. Please reach out to us for additional information regarding this (or any other) NYC new development opportunity! |
Our Favorite Vegan Restaurants |
Cadence, East Village Chef Shenarri Freeman's, Cadence, is inspired by the soul food of her youth in Virginia but with a vegan twist. The menu includes smoked grits with oyster mushrooms and a vegan fried lasagna with a pine nut ricotta. Delicious desserts, such as the fruit cobbler with blueberry compote, are ingeniously flavored with fruit based honey. |
|
|
|
Planta Queen, Nomad The NYC outpost of the Planta chain is making a big splash in Nomad. The menu, which focuses on Asian inspired fare, is both bold and creative, and will leave you craving a second visit so you can try more dishes such as the unagi eggplant, General D’s cauliflower, and bang bang broccoli. Also, don’t miss the cocktail, “Been There Thai’d That"! |
Thyme and Tonic, UWS This vegan twist on a gastropub serves up fresh produce and vegetable forward dishes, with a few non-vegan items too. The mixologists have also curated garden-to-glass cocktails and elixers based on botanicals, seasonal herbs & spices. One of the signature cocktails, Part Time Lover, features Great Grey Gin, strawberries, hibiscus & lemon juice. |
|
Your Celeb Real Estate Rundown |
|
|
Music mogul Clive Davis just sold his apartment at 465 Park Avenue for $4.2M. The 3 bed, 3.5 bath duplex was first listed in 2017 for $7.8M. The entertaining area on the upper level features a chef’s kitchen & wet bar and connects to the lower level with the bedrooms via a circular glass staircase. |
Hockey player Henrik Lundqvist’s Upper West Side home has sold six weeks after it was listed for $2.75M. The 20th-floor 1,299 SF 2 bed, 2 bath condo has 10 foot ceilings, an open chef’s kitchen and views of the Hudson River. |
|
|
|
Jennifer Lopez just took her $25M duplex PH off the market after 4 years. The PH in the Whitman building at 21 E 26th has 4 beds, 8 baths, and approximately 10,000 SF of combined indoor/outdoor space. A private elevator leads to the fifth floor which opens to a great room with a skylight and a terrace on the fifth floor faces Madison Square Park. |
While the seasons for outdoor parties are coming to an end, these home bar design trends will help bring some indoor cheer to the cold days ahead.
|
Make your Bar Pop with Color
Adding a splash of color to your bar always makes it more inviting. Hanging a colorful picture behind the bar, bright barstools or even a small arrangement of flowers or a bowl of lemons can provide the necessary pop. |
|
|
|
Nothing makes a bar more enticing than the promise of variety. Make sure you display an assortment of wine and cocktail glasses as well as shakers, pitchers, and bar tools. No matter what your guests are drinking, make sure to always have the perfect glass for the occasion.
|
Roll Out an Unusual Bar Cart
A unique bar cart is all you need to provide your bar with character. Vintage 1950s or 60s carts lend instant glamour and incorporating a cart made of unusual materials or one with a sleek design is another way to set a special scene. Complement your cart with a stylish cocktail shaker or ice bucket to complete the look.
|
|
How is the Luxury Market?
|
Residential Properties $4M and Above |
Please feel free to reach out for a more in-depth look at neighborhood-specific market trends and data. |
Which Kanbar Kopel Team Listing is your Favorite? |
4 Bed | 2.5 Bath | Co-op | Coming Soon
|
|
1 Bed | 1 Bath | Condo | Coming Soon
|
|
2 Bed | 1 Bath | $749,000 | In Contract
|
|
4 Bed | 3.5 Bath | $ 2,795,000 | In Contract
|
|
Studio | 1 Bath | $625,000 | Sold
|
|
|
© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker. All material is intended for informational
purposes only and is compiled from sources deemed reliable but is subject to
errors, omissions, changes in price, condition, sale, or withdrawal without
notice. No statement is made as to the accuracy of any description or measurements
(including square footage). This is not intended to solicit property already listed.
No financial or legal advice provided. Equal Housing Opportunity.
All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.
marketingcenter-newyorkcity-manhattan
|
|
|
