It is February and love is in the air; for our family, friends, our country and for sure, on a whole new level for our HOMES! As “home” has taken on an entirely new meaning, we see NYC residents making changes based on their new needs. This has translated into the much needed activity the NYC residential market has been yearning for. Stats from the luxury market also indicated that buyers are going big with 7 out of 16 contracts signed in the 2nd week of January at over $10 million. The last time this happened was in the first week of March 2020, just before the shutdown. With a new level of appreciation for our homes, we are optimistic that this will continue. As the saying goes, our homes are our sanctuary. This has never been more true than today! |
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Read on to learn more about:
New Dev: VU New York New and Improved Outdoor Spaces in NYC! Celebrity Real Estate Rundown Trending: Home Renovations Update on the Luxury Market Our Listings
Enjoy our Monthly Take! |
Vu New York 368 Third Avenue |
Walking the lively streets of Kips Bay, you can’t miss this luxury sky rise, VU New York. This glassy new condominium overlooks four of Manhattan’s most dynamic neighborhoods; Kips Bay, Gramercy, Flatiron, and NoMad. |
This building features a number of amenities including an open lounge area, a screening room, a full service gym and a yoga studio. Views abound from the VU and can be enjoyed from the floor to ceiling windows of the individual homes or from the VU’s stunning rooftop terrace. We love the sophisticated and fresh touch of interior designer Paris Forino. Price points for these condos range from $829k for a studio to just south of $4 million for a three bedroom. With all the VU has to offer, this project is sure to be a success! Sales have already launched at VU New York. Contact us for additional information! |
Spring is less than two months away, hurray! With that in mind, we are getting excited about the new and/or improved outdoor spaces NYC has in the works... |
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The High Line Plans were recently released for the extension of The High Line via an elevated walkway that will connect to Penn Station’s new Moynihan Train Hall. |
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A floating park along the Hudson is set to open this Spring. The $250 million oasis features winding pathways that lead to an amphitheater. With lots of open spaces and a dreamy landscape, this park is a true urban escape. |
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Pier 76 The city will continue to expand its outdoor space along the water with plans of building out a recreational center along Pier 76, just outside the Javits Center. |
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Union Square Union Square Park, in the heart of downtown Manhattan, is getting a $100 million makeover. Over two acres will be added to the park with new open spaces, upgraded walkways, and a revived landscape full of greenery making this park a “world class transit-way.” |
Your Celeb Real Estate Rundown |
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Sarah Jessica Parker and Matthew Broderick New York’s celeb couple Sarah Jessica Parker and Matthew Broderick have sold their 4200 SF, 3 story West Village townhouse for $15 million. The couple bought the townhouse for just under $3 million in 2000. |
Gwyneth Paltrow Another star quality townhouse has been listed on the Upper East Side, just off of 5th avenue, for $15.5 million. Goop founder and actress Gwyneth Paltrow called this 7,200 square foot, renaissance-revival style townhouse her home as a young child. |
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Upscale Kitchens with Low Budget Twist |
As New Yorkers spend more time cooking at home, those dated cabinets, cramped layouts, and beat up appliances seem to stand out more than ever. While renovating a kitchen in New York City can be particularly pricey, there are always ways to make high end designs affordable. For example, try using cabinets from Ikea or Home Depot matched up with high quality stone and hardware. Throw in some great lighting and some colorful cookbooks, and voila - you can achieve that high end look on a budget! |
How is the Luxury Market?
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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? |
2 Bed | 2 Bath | $1,345,000 | Sold
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1 Bed | 1 Bath | $599,000 | Sold
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© 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.
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