How to Find a Condo or Co-op with Lower Carrying Costs

New York City is known for its high cost of living, and finding affordable housing can be a daunting task. For those looking to purchase a home in the city, condos and co-ops can be a great option.

However, it’s important to consider the monthly carrying costs associated with these types of properties. In this article, we’ll explore some tips on how to find a condo or co-op with lower carrying costs in New York.

1. Look for Buildings with Fewer Amenities

One of the biggest factors that can drive up carrying costs for condos and co-ops is the number of amenities in the building. While having a gym, pool, and doorman may seem luxurious, these features come at a price. Buildings with fewer amenities will typically have lower monthly maintenance fees or common charges.

2. Consider Older Buildings

While newer buildings may seem more attractive, older buildings can often offer lower carrying costs. This is because older buildings may not have as many amenities or have already paid their underlying mortgage. Additionally, older buildings may have lower property taxes.

3. Look for Co-ops with Lower Flip Taxes

Co-ops often have flip taxes, which are fees paid by sellers when they sell their units. These fees can be a percentage of the sale price or a flat fee. If you’re considering purchasing a co-op, looking for buildings with lower flip taxes is important, as these can add up quickly.

4. Check the Building’s Financials

Before purchasing a condo or co-op, reviewing the building’s financials is important. This includes the budget, reserve fund, and outstanding loans or debts. A building with a healthy financial situation typically has lower carrying costs, as it won’t need to charge as much to cover expenses.

5. Consider a Smaller Unit

While it may be tempting to purchase a larger unit, a smaller unit can often mean lower carrying costs. This is because smaller units typically have lower monthly maintenance fees or common charges. Additionally, smaller units may have lower property taxes.

6. Look for Co-ops with Lower Down Payment Requirements

Co-ops typically require a larger down payment than condos, as the building’s board will need to approve the sale. However, some co-ops may have to lower down payment requirements, which can make purchasing a unit more affordable. It’s important to note that co-ops may also require buyers to have a certain amount of liquid assets or income.

7. Consider a Fixer-Upper

While a move-in-ready unit may seem like the best option, purchasing a fixer-upper can often mean lower carrying costs. This is because the purchase price will typically be lower, and you can improve over time as your budget allows.

Additionally, you may be able to negotiate a lower sale price if the unit needs significant repairs or updates.

8. Look for Buildings with Lower Property Taxes

Property taxes can be a significant expense for condo and co-op owners. When considering a building, it’s important to check the property tax rates. Buildings in certain neighborhoods or boroughs may have lower property tax rates than others.

9. Check for Rent Restrictions

Some co-ops may have rent restrictions, meaning you won’t be able to rent out your unit. While this may not be an issue if you plan to live in the unit long-term, it can limit your options if you need to move or rent out the unit. If you’re considering purchasing a co-op, it’s important to check for any rent restrictions.

10. Work with a Real Estate Agent

Finally, working with a real estate agent can be a great way to find a condo or co-op with lower carrying costs. An experienced agent can guide you through purchasing and help you find properties that fit your budget and lifestyle.

Final Thoughts

Purchasing a condo or co-op in New York City can be a significant investment, but it’s essential to consider the monthly carrying costs. By following these tips, you can find a property that fits your budget and lifestyle while still enjoying all that the city has to offer.

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Outdoor Grilling Spaces to Host Your Memorial Day Barbecue

With Memorial Day right around the corner, backyard barbecues are sure to be on your weekend agenda. Instead of traveling this year, invite friends and family to celebrate the holiday at your place in one of these new developments that have incorporated outdoor grilling and recreational spaces to accommodate resident’s desire to entertain at home.

11 Hoyt - Downtown Brooklyn

11 Hoyt, located at the crossroads of Downtown and brownstone Brooklyn, exemplifies a best-in-class building made possible through an impressive collaboration with a world-renowned design team. This Memorial Day Weekend, grill your own dinner and enjoy a moonlit barbecue with family and friends in the outdoor dining area.

Credit: Colin Miller

One Essex Crossing - Lower East Side

Located at 202 Broome Street, CetraRuddy-designed One Essex Crossing is a 14-story luxury condominium building that is part of the dynamic Essex Crossing, one of the most significant developments in the history of New York City that is reimagining a major portion of the Lower East Side. Perched on the 6th floor, The Garden includes grills and seating in addition to dedicated recreation areas framing views of the city skyline.

Credit: Evan Joseph

450 Washington - Tribeca

Developed by Related, with architecture by Roger Ferris + Partners, furnishings in building amenity and common spaces by March & White Design (MAWD), and landscape architecture by Hollander Design, 450 Washington offers prime waterfront residences in a new vision of modern living in Tribeca. The landscaped 12th floor roof terrace offers panoramic views of the Hudson River, a sundeck with lounge seating and multiple grilling areas for residents’ use.

Credit: Colin Miller

5 Best Places to Make a Home in New York City: A Guide

New York City is a melting pot of cultures and opportunities, making it a popular destination for people from all around the world. With its vibrant energy, endless entertainment options, and booming economy, it's no wonder why so many people want to call the city that never sleeps their home. 

However, with so many neighborhoods to choose from, finding the perfect place to settle down in can be overwhelming. In this guide, we'll take a look at the five best places to make a home in New York City.

1. Upper West Side

The Upper West Side is one of the most desirable neighborhoods in New York City, and for good reason. Located between Central Park and the Hudson River, this area is known for its stunning architecture, tree-lined streets, and family-friendly atmosphere. 

The Upper West Side is home to some of the city's best schools, making it an ideal place for families with children. It's also home to the American Museum of Natural History, Lincoln Center, and some of the city's best restaurants and bars.

2. Brooklyn Heights

Brooklyn Heights is a historic neighborhood located just across the East River from Manhattan. This charming area is known for its beautiful brownstone buildings, tree-lined streets, and stunning views of the Manhattan skyline. 

It's also home to some of the best schools in the city, making it a popular choice for families with children. With its abundance of parks, playgrounds, and outdoor spaces, Brooklyn Heights is a perfect place for those who enjoy an active lifestyle.

3. Astoria

Astoria is a diverse and vibrant neighborhood located in Queens. This area is known for its excellent restaurants, nightlife, and cultural attractions. Astoria is home to a large Greek community, which means you'll find some of the best Greek food in the city here. It's also home to the Museum of the Moving Image, a must-visit for movie buffs.

Astoria is an affordable alternative to more expensive neighborhoods in Manhattan, making it a popular choice for young professionals and families.

4. Harlem

Harlem is a historic neighborhood located in Upper Manhattan. This area is known for its rich cultural heritage, stunning architecture, and vibrant music scene. Harlem is home to some of the city's best jazz clubs, making it a popular destination for music lovers.

 It's also home to the Apollo Theater, which has hosted some of the biggest names in music over the years. Harlem is a great place to live for those who want to be close to the action but still enjoy a more laid-back atmosphere.

5. Battery Park City

Battery Park City is a modern neighborhood located at the southern tip of Manhattan. This area is known for its stunning waterfront views, green spaces, and upscale shopping and dining options.

Battery Park City is a popular choice for families with children, as it's home to some of the best schools in the city.

Conclusion

New York City is a diverse and exciting place to call home. Whether you're looking for a family-friendly neighborhood or a vibrant nightlife scene, there's something for everyone in the city. The Upper West Side, Brooklyn Heights, Astoria, Harlem, and Battery Park City are just a few of the best places to make a home in New York City. With so many options to choose from, you're sure to find the perfect place to call home in the city that never sleeps.

Start your New York City real estate journey with Off The MRKT. We have all the resources for you, from property management tips to renting property in the city. Browse our guides today and gain valuable insights before your big move.

Sales Launch at Four Fifty Grand in Clinton Hill

Introducing Four Fifty Grand, an artfully designed boutique development located at 450 Grand Avenue, in the quaint streets of Clinton Hill, Brooklyn. The exclusive sales and marketing for the project are being handled by Douglas Elliman’s The Scott | Robles Team.

Conceived by the combined vision of Issac & Stern Architects and Durukan Design, Four Fifty Grand offers a well-curated collection of 39 one-to-three-bedroom condominiums. Echoing the neighborhood's charming tree-lined streets and historic architecture, the elegant brick facade rises to a glass crown, creating seven stories of intimate floors along with an array of thoughtfully designed amenities. The interiors feature floor-to-ceiling windows, open floor plans, 10+-foot ceilings, European white oak flooring, high-end finishes, and Bosch washers and dryers. Most homes also boast private terraces or balconies.

Starting prices for these luxurious condominiums are $720,000 for 1-bedroom units, $1,300,000 for 2-bedroom units, and $1,700,000 for 3-bedroom units, with occupancy anticipated for Fall 2023. The development offers an impressive range of upscale amenities, including a fully-equipped fitness center, karaoke and media lounge, outdoor garden, sixth-floor club lounge with terrace, a finished rooftop with BBQ grill, dining tables and seating, a children’s playroom, co-working space, pet spa, and a virtual doorman. Additional storage units are also available for purchase.

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Sara Golan Joins SERHANT., Adding Valuable Expertise in the Brooklyn Market

SERHANT., has announced the addition of esteemed associate broker, Sara Golan. Known for her significant contributions to the Brooklyn real estate market, Golan will bring her extensive experience and industry acumen to SERHANT.

Sara Golan

Previously serving as Managing Director at Nest Seekers, Golan has specialized in residential sales across several Brooklyn neighborhoods. With a career spanning over a decade, she has worked with a diverse range of clients including buyers, sellers, and developers. As a brownstone specialist in Brooklyn, Golan's expertise in design, construction management, and her ability to navigate and succeed in challenging market conditions have earned her a notable reputation in the industry.

Throughout her career, Golan has been involved in over 350 real estate transactions. She is known for her hands-on approach, guiding sales processes from inception to execution and ensuring smooth closings. To date, she has amassed over $500M in sales.

Golan's interest in real estate was sparked during her upbringing in the Bushwick neighborhood of Brooklyn, with its unique character and charm inspiring her future career. As an immigrant from Guyana, Golan has made real estate her life's work, operating on the belief that every client deserves equal measures of trust, integrity, and respect. Her passion for the industry, coupled with her dedication to making a positive impact on the lives of her clients, has been a cornerstone of her successful career.

Golan's entry into real estate was through an assistant position with a real estate developer and investor in Queens and Brooklyn. This role provided her with extensive knowledge in construction, management, and sales. Golan also spent five years as a closing manager in the lending industry, where she gained valuable insights into the mortgage and home financing process. Following this, she became an owner and partner in a real estate development office, investing in projects and managing their private portfolio.

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The Keller at 150 Barrow: A Historic Waterfront Condominium Launches Sales in the West Village

Aurora Capital Associates and William Gottlieb Real Estate have announced the commencement of sales at the highly anticipated West Village condominium, The Keller at 150 Barrow. Marking the first new development launch in the coveted downtown neighborhood in over four years, The Keller is already witnessing high demand with over $50 million in signed contracts, including both of its luxury penthouse residences.

The Keller boasts a storied history dating back to 1898 when it was a hotel serving sailors from the bustling Hudson River Piers. To rejuvenate this iconic Renaissance Revival-style building, Aurora commissioned BKSK Architects, who masterfully reimagined the property for residential use while designing a harmonious new structure. The result is a set of 24 beautifully crafted homes nestled in Manhattan's most sought-after neighborhood, marrying rich history with sophisticated design.

Offering one to four-bedroom, light-filled homes, The Keller's premier location on the West Village waterfront provides residents with easy access to Hudson River Park. The condos feature European white oak flooring, quarter-cut walnut-clad entry doors, high-efficiency central heating and cooling, and vented washers and dryers. Kitchens showcase custom cabinetry with a quarter-cut walnut finish and honed white Macaubas stone slab countertops, complementing seamlessly integrated appliances.

The Keller's carefully curated amenities meet the needs of today's discerning buyers. From a top-tier fitness center and residents lounge to a landscaped courtyard terrace with a BBQ and kitchenette, the condominium offers a range of indoor and outdoor spaces for socializing, entertainment, and wellness. Additional amenities include a children’s playroom, laundry room, bicycle storage, and package room with cold storage. Private storage units are also available for purchase.

Stephen Ferrara, co-founder of The Hudson Advisory Team, highlighted The Keller's appeal: "Buyers are looking for an attractive entry point into the West Village luxury real estate market, and very rarely does a boutique, full-service condominium offer this type of unit mix on a prime West Village waterfront."

Compass Development Marketing Group and The Hudson Advisory Team are the exclusive sales and marketing firms for The Keller. Pricing starts at $2.62M.

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Sunny Isles Is The New Billionaire Bunker With Bentley Residences

Annabella Pardo

Undoubtedly, one of the most exclusive neighborhoods in Miami lies along the Atlantic sands and boasts some of the most coveted, ultra-luxurious residential towers. Sunny Isles continues to boom with over the top restaurants, divine properties, and leisure activities for all, dubbing it one of the city’s hottest zip codes.

Photo Credit: Bentley Residences

Housing celebrities, industry leaders, and some of Miami's most elite, Sunny Isles provides:

Superior full service buildings with proximity between Miami and Fort Lauderdale

World class amenities that ensure exclusivity, privacy, and safety for its residents

Elite shopping experiences, with the Bal Harbor Shops and Aventura Mall are just minutes away.

Photo Credit: Bentley Residences

Set to debut in 2026, the Bentley Residences marks the world’s first Bentley Motors co-branded luxury residential property encompassing a one-of-a-kind collection of 216 exquisitely finished residential units, each embracing a balance of indoor/outdoor living located on a private beachfront enclave. Every unit will encompass an individual balcony swimming pool, unobstructed seascapes, and floor-to-ceiling glass windows seamlessly implemented throughout the entire building.

Photo Credit: Bentley Residences

The Bentley design team is collaborating with Dezer Development on the interior and exterior architecture of the building, translating Bentley’s impeccable design to the residential experience. Built with luxury car owners in mind, each residence will include an in-unit multi-car garage and the patented Dezervator multi-car elevator lift, alongside luxe amenities and superior services.

Like Dezer's existing Porche Design Tower, the Bentley Residences stands out as the ultimate in private, one-of-a-kind developments and is sure to capture the attention of some pretty big names. The Porche Design Tower has garnered high-profile residents like soccer megastar Lionel Messi, Mexican billionaire Carlos Peralta Quintero, Carlos "CarGo" Gonzales of the Colorado Rockies, and more.

Photo Credit: Bentley Residences

Ownership at the over-the-top, lavish Bentley Residences Miami will have its perks. If you yearn for it, it will feel like a private membership club. The project was designed to give owners a sense of privacy or community.  If they wish not to see anyone, tenants can be transported directly to their apartment using a patented car elevator, the iconic ‘Dezervator.’ 

The building will be filled with industry leaders, celebrities, and sports stars who want privacy and security but also would like to rub shoulders with like-minded individuals. In this case, Bentley Residences Miami gives them unique communal offerings such as the following:

• Exclusive Resident-Only Restaurant by In-House Celebrity Chef Todd

• Macallan Whisky Bar 

• World-Class Beach Club - a ​​private club for Bentley owners while the Residences are being built, will feature its bar, patio, and beach area.

• Private Cinema

• Lush Spa

• Wellness Center

Photo Credit: Bentley Residences

Bentley Residences Miami will also be programming events with its owners through lectures, talks, and parties. Many brands, such as Balmain Loro Piana, Rolex, Chloe, and more, are already lining up for programming.

Bentley Residences Miami’s units start at $5.5 million.

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The Top Reasons to Choose an Apartment Over a House

Choosing a place to live is one of your most important decisions. The two most common options are houses and apartments. While each has its advantages and disadvantages, in recent years, apartments have been gaining popularity among young professionals, students, and small families.

Here are eight reasons to consider moving into an apartment instead of a house.

1.Affordability 

One of the most significant advantages of living in an apartment is affordability. Apartments are generally less expensive than houses. They come with lower utility bills, maintenance costs, and property taxes. This makes them an ideal option for people who are just starting, those on a tight budget, or those who don’t want to be tied down to a mortgage.

2. Location

Another reason why apartments are becoming more popular is their location. Apartments are typically located in or near city centers, which makes them convenient for people who work or study in the city. This means you can save on transportation costs and time, as you won’t have to commute long distances to work or school.

3. Amenities

Most apartments come with amenities that are not available in houses. These amenities include swimming pools, fitness centers, laundry facilities, and movie theaters. This means you can enjoy various activities without having to leave your apartment complex. 

4. Maintenance

One of the most significant advantages of living in an apartment is that you don’t have to worry about maintenance. When you live in a house, you are responsible for maintaining the property, including the lawn, garden, and exterior. The management handles all the maintenance in an apartment, including repairs and landscaping.

5. Security

Apartments are usually more secure than houses. Most apartment complexes have security measures like gated entrances, security cameras, and on-site security personnel. This means you can feel safe and secure in your home and don’t have to worry about break-ins or theft. Living in a community where neighbors are close by can also provide a sense of safety and security.

6. Flexibility

Another advantage of living in an apartment is flexibility. If you need to move for work or personal reasons, it’s much easier to break a lease and move out of an apartment than to sell a house. This means that you can be more mobile and flexible and don’t have to worry about being tied down to a specific location.

7. Socializing

Living in an apartment can also be more social than living in a house. Apartment complexes often hold social events and activities, such as parties, game nights, and movie screenings. This means you can meet new people and make friends within your community. Additionally, living near your neighbors means you can easily get to know them and build a sense of community.

8. Environmental Benefits

Living in an apartment can also be more environmentally friendly than living in a house. Apartments are usually more energy-efficient than houses, as they are smaller and require less energy to heat and cool. Additionally, living in a central location means you can easily walk, bike, or take public transportation, reducing your carbon footprint.

Conclusion

Apartments are affordable and convenient and come with a variety of amenities. They also require less maintenance and are more secure than houses. Additionally, living in an apartment can be more social, flexible, and environmentally friendly.

If you're interested in exploring the world of smart apartments and living in one, Off The MRKT is an excellent resource. Our real estate lifestyle website covers the latest New York City real estate market trends, including smart homes and apartments. Contact us today!

Our Favorite Listings For The Week

Looking for a new place to live or just curious about what's on the market? Check out our favorite homes you should make an appointment for this week. 

Have a listing you think should be featured? Submit your open house or contact us to tell us more! And be sure to view our new Listings Calendar

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9 West 54th Street

Built in 1896 for James J. Goodwin, the cousin and business partner of JP Morgan, the 24,000 square foot mansion is an opportunity for the discerning residential buyer to own a rare, exquisite landmark home in the heart of NYC; or for the commercial owner to house their business for various uses (i.e. office, gallery, retail space, embassy, private club, etc.). The building most recently served as the headquarters of the US Trust company.

The neo-Georgian limestone and brick masterpiece has spectacular period details throughout and includes 12 fireplaces, incredible hand-crafted woodwork and millwork, beautiful columns and wood floors, intricate stained glass, 11 primary bedroom suites and 11 additional staff bedrooms.

A grand main level introduces the elegance with a handsome wood-paneled entry gallery, plus presents a library, reception room, and three other large versatile rooms. Two staircases illuminated by original skylights above ascend to the parlor floor marked by 13'8" ceilings. Here you'll find two impressive, oversized rooms with floor-to-ceiling windows, five Juliet balconies with tree-lined street views of the MoMA sculpture garden, a regal library, octagonal wood-clad dining room with adjoining butler's pantry, and sun-filled glass conservatory overlooking the lovely garden.

Patricia Vance and Sandra Ripert of Douglas Elliman are the listing agents.

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2166 Broadway, Unit PH

The Fabrikant Bond Team of Compass has just unveiled a stunning property: a one-of-a-kind Upper West Side penthouse that offers the allure of country living in the heart of the city. Listed for $12.5 million, the farmhouse-inspired gem sits atop The Opera Building at 2166 Broadway and boasts breathtaking city views. 

Stepping inside the expansive loft-like penthouse, you are greeted by a soaring 16 ft. white-washed cedar ceiling that opens up to an expansive living, dining, and kitchen area, creating a sense of space and grandeur unparalleled in the city. The open-concept kitchen flows seamlessly into the great room, which features a stone-clad wood-burning fireplace.

The apartment spans an entire level, affording it unobstructed 360-degree views in every direction. A corridor of skylights leads to the eastern wing of the apartment, where you'll find four bedrooms, including the primary suite. The primary bedroom boasts Central Park views, direct terrace access, a wood-burning fireplace, two walk-in closets, and an ensuite bathroom with a shower and a soaking tub, both offering serene views of the Hudson River. Adjacent to the bedroom is a skylit office space, perfect for working from home.

The western wing of the apartment features a beautifully renovated loft-like bedroom with sweeping river views, double-height windows, a remodeled full bathroom with heated floors, a walk-in closet, and an additional bonus loft space. Other highlights of the penthouse include hardwood floors, split-duct AC/Heat in every room, custom built-ins, and abundant storage.

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540 Sixth Avenue #PHB

Discover this premier 3-bedroom, 3.5-bathroom residence, offering an impressive 2,052 square feet of living space and 634 feet of private outdoor space across three expansive terraces. Enjoy breathtaking North, South, and West exposures, high ceilings up to 13’1”, 5" white oak flooring, and oversized tilt-and-turn windows with enhanced noise reduction. The designs by MA, Morris Adjmi boasts a large island with hand-selected Calacatta Regina honed marble, Miele appliances, custom lacquered grey cabinetry, and oil rubbed bronze hardware. The adjacent private terrace, spanning over 26 feet, seamlessly blends indoor and outdoor living spaces.

The luxurious primary bedroom suite features a serene private terrace, oversized windows, and generous closet space. The spa-like en-suite bathroom is adorned with Calacatta Regina marble, a custom oak vanity, dual porcelain sinks, and brushed nickel fixtures. Spacious secondary bedrooms include en-suite bathrooms with custom oak vanities, Polar White stone tile walls, and Haisa Blue tile floors. Additional amenities include a jewel box powder room, concealed laundry closet with Miele washer and dryer, keyless home entry, secure aperitif locker in the Residents’ Lounge, and a Daikin HVAC system with zoned central heating and air conditioning.

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40 East 61st Street, 12A

The apartment's stylish and functional kitchen is immediately to your left upon entering. Equipped with top-of-the-line appliances, marble countertops, ample cabinet space, and a convenient breakfast bar, this kitchen is perfect for home chefs. The kitchen effortlessly extends into the bright and spacious living area, which offers southern exposure and access to a private terrace spanning an impressive 46 feet. Whether you're entertaining guests or enjoying your morning coffee, the terrace provides the perfect space to take in the breathtaking city views.

Two generously sized bedrooms sit at opposite ends of the living area, both bathed in natural light streaming through the southern-facing windows, creating a warm and inviting ambiance.The primary bedroom features direct access to the terrace, as well as a walk-in-closet and a beautifully appointed ensuite bathroom. You'll also find a powder room and in-unit washer and dryer for the ultimate convenience.

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Newly-Listed $25M Chelsea Townhouse Aims to Break Record Sales Price

Just listed, this $25M Chelsea townhouse at 334 West 20th Street in NYC is aiming to break a sales record it recently set.

 In 2021, it sold for $22.5 Million, becoming the priciest townhouse sale in Chelsea, as reported by the WSJ. That record still stands. After an extensive redesign by AD100 firm Gachot, it's back on the market. If sold at the $25M ask, the townhouse would again set a record for the neighborhood.

All photo’s courtesy of Brown Harris Stevens.

Introducing 334 West 20th Street, a 25-foot wide Greek Revival townhouse situated in Chelsea's coveted historic district. Redesigned by AD100 firm Gachot, this luxurious residence spans over 7,000 square feet across five floors and includes an elevator and four private outdoor spaces. The parlor level features 11-foot ceilings, floor-to-ceiling windows, and Chevron-patterned, wide-plank white oak floors. A wood-burning fireplace enhances the southern exposed living room, while triple French doors open to a balcony and staircase leading to a landscaped private garden. The gourmet kitchen, custom-designed by Gachot, boasts Imperial Danby marble, Absolute Black granite counters, a Lacanche Savigny range, Miele and Sub-Zero appliances, and custom Valli & Valli hardware.

The first level above the parlor showcases three bedrooms with en-suite bathrooms finished with Walker Zanger Bianco Dolomite marble floor tiles, custom Gachot vanities, and Waterworks Highgate fixtures. This level also includes a large media or music room with double pocket doors and a windowed office. The top floor is dedicated to the primary bedroom suite, featuring a central entrance gallery, custom mahogany wet bar & refrigerator, luxury closets, and an oversized private terrace. The primary bathroom is adorned with Bianco Dolomite marble, a freestanding Duravit Luv bathtub, steam shower, Waterworks fixtures, and an additional dressing room or office.

The lower level of the townhouse offers a screening room with an adjacent wet bar, space for a wine cellar or sauna, laundry facilities, home gym, and an additional powder room. The home also boasts a multitude of outdoor spaces, including a landscaped garden, rooftop deck with stunning New York City skyline views, an intimate terrace off the primary suite, and a balcony off the rear parlor living room. While the historic facade of this 1836-built townhouse has been carefully restored, the interior has been meticulously modernized with exceptional finishes, new mechanical systems, hydronic radiant floor heat, automated shades, and Lutron lighting controls.

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From Rooftops to Honey Pots: The Buzz about Beekeeping in Manhattan

Discover how the concrete jungle of Manhattan is transformed into a buzzing haven for urban beekeeping. As the pandemic has sparked new hobbies, beekeeping has become a surprising trend among New Yorkers, and some residential buildings are taking advantage of their rooftops to create their own apiaries. Not only does this bring nature to the city, but it also produces honey for residents and tenants. In this article, we showcase four environmentally-friendly buildings that prioritize biophilia by incorporating greenery and outdoor spaces. Learn how these buildings promote the human need to connect with nature, and how living among the bees can help reduce stress levels in the bustling city.

The Solaire, Battery Park City

Credit Evan Joseph

The Solaire, Manhattan’s premier green building featuring LEED-certified residences in the heart of Battery Park City, has had beehives on the roof for over five years, looked after by Best Bees. In 2022, Best Bees was able to harvest 56.2 pounds of honey from the 20,000 bees populating two beehives on the roof of The Solaire. The green building gives out jars of the bee’s honey to all prospective buyers and residents of the building! 

And bees or no bees, the building has been a major success. With over 100 residences in contract and closed, sales and marketing firm Corcoran Sunshine announced that The Solaire was the top-selling new development property in Manhattan in 2022.

“The Solaire is committed to fostering sustainable practices in the building, and the introduction of a rooftop apiary five years ago has been a fun and creative way to interact with our Battery Park City ecosystem,” says Corcoran Sunshine’s Aaron Goed, Director of Sales at The Solaire. "Best Bees manages and harvests honey from the handcrafted rooftop apiary so we can give jars of our own honey to prospective buyers at the building, who appreciate the personal touch and the unique connection to our surrounding green spaces in the neighborhood.”

The Starrett-Lehigh Building, West Chelsea

The famous Starrett-Lehigh Building in West Chelsea, owned by RXR, has a whole urban farm on its roof, including beehives run by an army of volunteer tenants who can keep track of their building’s hive through a special portal by urban beekeeping company Alvéole, who has has 116 million bees in their “bee portfolio.” The garden on top of Starrett-Lehigh has perennial flowers and bushes like Joe Pye weed, echinacea and Budlia for the bees. RXR is a huge proponent of supporting biodiversity in urban areas- approximately 450,000 bees live in nine hives across seven of their buildings in 2023. The program has been so popular that RXR is adding beehives to their properties at Pier57, 230 Park, 32 Old Slip, and 75 Rockefeller. 

RXR uses their beehives to educate and engage with the community and their building tenants, many of whom are looking for fun reasons to return to the office. For example, on National Tea Day, RXR gifted tenants jars of honey from their hives, coupled with a tea tasting with their partners at Brooklyn Tea. 

11 Hoyt, Downtown Brooklyn

11 Hoyt, designed by the renowned Jeanne Gang, features a nearly 27,000-square-feet elevated private park. What makes this unique is that the park includes multiple flower gardens, all strategically featuring native flowers that draw in monarch butterflies during their yearly migration through NYC. If that wasn't cool enough, the park also includes a butterfly-themed playground where young residents can enjoy running and climbing a giant caterpillar and butterfly jungle-gym. Hollander Design is responsible for the thoughtful landscape design and envisioned it to be an experiential park with thoughtfully designed outdoor spaces ideal for a wide array of activities including exercise and play, as well as zones for relaxation and contemplation. Residents can enjoy an alfresco barbecue, meditative yoga on the fitness deck, an invigorating dip in the outdoor hot tub or even take their furry friends to the private dog park.

Flatiron House, Flatiron

Credit River Film

Flatiron House comprises two distinct buildings connected by a shared interior garden with a total of 44 residences. With architecture and interiors by COOKFOX Architects, a leader in biophilic design, the development utilizes a number of guiding principles that promote health, wellbeing, and indoor-outdoor living.

Residence 21A is one of the homes outfitted with a self-watering irrigation system under each window to allow plants to bloom and grow through the 222-square-foot balcony’s latticework. The loggia (covered terrace) in 21A is accessible via the living room, primary corner bedroom, and secondary bedrooms. Designed in collaboration with Brooklyn-based landscape architect Future Green Studio, plant species will be included in the home, such as periwinkle, thyme, oregano, lavender, alpine strawberries, and lowbush blueberries. The planting choices are very specific and based on a Mediterranean approach to be edible, fragrant and open to regular sun exposure.

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Surviving New York: Tips on Housing, Transportation, and More

New York City is one of the most dynamic and exciting cities in the world. It is a hub of business, culture, and entertainment, attracting millions of visitors every year. However, living in New York City may not be for everyone. As a new resident, it can be overwhelming to navigate the city's fast-paced lifestyle, high cost of living, and housing challenges. To help you prepare for this life, we have compiled some useful tips.

Finding an Apartment

When moving to New York City, one of the key things you should consider is housing. Finding an apartment that meets your needs and budget can be challenging. If you want millennial properties that offer convenience, a smart apartment is the way to go.

Smart apartments are equipped with technology that enables you to control various aspects of your home, such as lighting, temperature, and security, through a mobile app or voice commands. These apartments offer a higher level of comfort, convenience, and security compared to traditional ones.

When searching for apartments, be sure to do your research and choose a reputable property management company. Consider the location, amenities, and cost before making a final decision. Additionally, be prepared to pay a higher rent for a smart apartment, as the technology comes at an added cost.

Understanding the Transportation System

New York City is known for its extensive transportation system, which includes buses, subways, taxis, and ride-sharing services. However, navigating the system can be daunting for newcomers. To make your commute more manageable, familiarize yourself with the subway map and bus routes. Download a transportation app to help you plan your trips and track delays or service changes.

If you plan to use taxis or ride-sharing services, be aware of surge pricing during peak hours. It's also important to note that the city has a bike-sharing program, which is an excellent way to explore the city and get some exercise.

Budgeting for Living Expenses

Living in New York is expensive, and it's essential to have a budget in place to ensure you can afford your living expenses. Calculate your monthly expenses, including rent, utilities, groceries, transportation, and entertainment. Be prepared to spend more on basic necessities such as food and housing than you would in other cities.

Additionally, consider ways to save money, such as cooking at home, taking advantage of free events and activities, and using public transportation instead of ride-sharing services. You can also find discounts on entertainment, shopping, and dining through apps such as Groupon and LivingSocial.

Embracing the Culture

New York City is a melting pot of cultures, and there is always something new to discover. Embrace the city's diverse neighborhoods, museums, art galleries, and restaurants. You can attend cultural events and festivals to learn about different traditions and customs. You can also visit nearby areas like wineries in East Hampton and stroll in parks like Central Park and the High Line, which offer a respite from the urban jungle.

Making Connections

Moving to a new place can be lonely, but New York offers numerous opportunities to make connections. Join local clubs and organizations, attend networking events, and volunteer in your community. You can also use social media and apps to find like-minded people with similar interests.

Conclusion

Moving to New York City can be an exciting and rewarding experience, but you need to plan and prepare carefully. Finding a smart apartment, understanding the transportation system, budgeting for living expenses, embracing the culture, and making connections are essential steps to making the most of your time in the city. With these tips, you can navigate the challenges of living in New York City and enjoy all it has to offer.

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Celebrity Power Broker Aaron Seawood Returns to Compass

Aaron Seawood

Compass has announced the reunion of Aaron Seawood and Team Carte Blanche with the company. With this partnership, Seawood, a dominant force in New York real estate, looks to expand his team to crucial luxury markets while providing a frictionless experience for an impressive client roster that includes celebrities, athletes, and high-net-worth individuals.

"I'm grateful for my time at The Agency, a killer brand, and even better people," said Seawood. "Now, to have Carte Blanche powered by Compass makes for a seamless experience for our clients, expands our reach into key luxury markets, and reunites me with OG Compass colleagues I call family. A true trifecta."

Andrew Pritchard and Priscilla Diaz are joining Seawood on the move, both renowned for providing a white-glove experience and spearheading business partnerships and branding.

During his five-year tenure at Compass, Seawood was a cultural stalwart and founding agent of The Sports & Entertainment Division, developing long-lasting relationships with many executives and agents.

"Aaron was one of the earliest Compass agents, and we're thrilled to welcome him and his team back to Compass," said Rory Golod, president of growth and communications. "Carte Blanche has a unique blueprint and a renowned customer service culture that we're excited to amplify in New York City and beyond."

Team Carte Blanche brings over $55 million in total listings, including Carmelo Anthony's $11 million Chelsea loft at 508 West 24th Street and the Penthouse at 50 Madison Ave featuring Giovanni Versace's private furniture for $10 million, as well as $26 million in off-market properties.

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Escape the Concrete Jungle: Discover Iconic Tree-Lined Streets in Manhattan Apartments

In New York City, or “the concrete jungle,” it's pretty safe to say the main attraction is not the flora and the fauna. But part of Manhattan’s charm is stumbling on one of the select iconic and charming tree-lined streets in the city. These glamorous tree-lined blocks can be the ultimate refresh after being overwhelmed by the towering buildings! 

From these apartments, enjoy all the perks of the bustling city with your own tree-lined block right outside your front door as an oasis: 

225 East 19th Street, Apt 403, $2,499,000

Listed by agent Danielle Darah, agent Jane Katz and broker Annie Cion Gruenberger of Coldwell Banker Warburg. This two-bedroom, two-bathroom apartment is located in one of the city's most coveted neighborhoods at The Prewar at Gramercy Square, on a centrally located, tree-lined street. Amenities include a La Palestra gym, a golf simulator, a screening room, a catering kitchen, landscaped outdoor spaces, and more! Inside the apartment, enjoy top-of-the-line appliances such as a Sub-Zero fridge, a GE washer and dryer, and a Bosch dishwasher. The unit also includes glamorous features such as bathrooms with radiant heated flooring, UV-treated windows with motorized shades, and solid oak wood flooring throughout. 

28-30 West 74th Street, Apt 3C/4C - $2,000,000

Listed by broker Svetlana Choi of Coldwell Banker Warburg. This two-bedroom (can be converted to three), two-and-a-half-bathroom apartment is located on the Upper West Side in a prewar elevator building on a charming tree-lined street, so you get to enjoy the greenery even on your short walk to Central Park. Beyond its fabulous location, this unit also features two working fireplaces, two bedrooms with ensuite baths, and an expansive 400-square-foot terrace perfect for enjoying the fresh spring air or entertaining guests! 

150 East 69th St, Apt 17J, $1,595,000

Listed by broker Rebecca Blacker, broker Arlene Reed, and agent Monisha S. Rana of Coldwell Banker Warburg. Located on the Upper East Side in the Imperial House, a white glove cooperative with exciting amenities such as beautiful Japanese viewing gardens, a state-of-the-art fitness center, a yoga room, an on-premise tailor/dressmaker, and more! Not to mention, right outside the front entrance is a lovely Manhattan tree-lined block. This one-bedroom, two-bathroom apartment on a high floor has a flexible layout (a second bedroom or office can be easily created). The apartment features an oversized master bedroom with two large closets, a windowed kitchen, a private balcony, and more! 

458 West 20th Street, Apt 2B - $999,900

Listed by agent Samantha Rose Frith and broker Joel Moss of Coldwell Banker Warburg. This one-bedroom, one-bathroom duplex apartment is located on the garden and parlor floor of a boutique co-op in Chelsea – giving you easy access to the picturesque tree-lined street surrounded by brownstones. From the apartment, enjoy views of the flowers and trees blooming as well as the beautiful landscape of the Episcopal Church’s General Theological Seminary. This unit also has large windows, high ceilings, high-end appliances, and a spa-like en suite bath, to name a few great features!

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