2023's Top 10 Celebrity Homes: A Glimpse into Star-Studded Luxury

In 2023, the allure of celebrity homes continued to captivate us, offering a window into the opulent lifestyles of the rich and famous. From Rod Stewart's grandiose Beverly Park mansion to Bob Dylan's serene Scottish retreat, these residences are more than just homes; they are expressions of personal style, success, and history. Join us as we embark on a tour of the Top 10 Celebrity Homes of 2023, showcasing a blend of architectural magnificence, design innovation, and luxury living.

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Rod Stewart's Beverly Park Mansion

Rod Stewart's 13-bedroom, 28,500-square-foot mansion in Los Angeles' prestigious North Beverly Park is a testament to luxury and flamboyance. Priced at a staggering $80 million, the home's striking yellow exterior and Las Vegas-style fountain are as bold and charismatic as Stewart himself. The mansion features a grand foyer, intricately designed sitting rooms, a gourmet kitchen, and a bar that rivals the finest European taverns.

Jim Carrey's Los Angeles Home

Jim Carrey, known for his versatile acting and comedic genius, listed his Brentwood estate for $26.5 million. The home, where Carrey resided for three decades, reflects the actor's journey from a budding comedian to a Hollywood star. The estate's sale coincides with Carrey's decision to take a break from acting and relocate to Maui.

Gisele Bündchen's Florida Equestrian Ranch

Supermodel Gisele Bündchen's acquisition of a 7.5-acre equestrian ranch in Southwest Ranches, Florida, for $9.1 million, marks her latest venture. The property boasts a remodeled home with nine bedrooms, extensive sports facilities, and equestrian amenities, blending luxury with a love for nature and outdoor activities.

Brad Pitt and Angelina Jolie's New Orleans Home

Brad Pitt and Angelina Jolie's New Orleans mansion, purchased in 2006 for their Make it Right Foundation, sold for $2.5 million in 2023. The historic French Quarter home symbolizes the couple's commitment to humanitarian causes and their influence in the architectural revival of the area post-Hurricane Katrina.

Elton John's Atlanta Residence

Music legend Elton John's Atlanta condo, his U.S. base for 30 years, sold for $7.2 million, significantly over its $4.995 million listing price. The condo's quick sale highlights the enduring appeal of properties associated with iconic figures like John, known for his extraordinary contributions to music and philanthropy.

Robin Williams' San Francisco Home

The late Robin Williams' San Francisco home, listed for $25 million by his second wife, Marsha Garces Williams, is a tribute to the beloved actor's life and career. The Italian Renaissance Villa-style property, offering breathtaking views, is a blend of historical architecture and personal touches added by Williams and his wife.

Joe Jonas and Sophie Turner's Miami Home

Joe Jonas and Sophie Turner's sale of their Miami waterfront home for $15 million, gaining a profit from their initial $11 million investment, reflects the dynamic real estate market in Miami. The home's features, including a private dock and state-of-the-art amenities, cater to the luxurious lifestyle synonymous with Miami's Bay Point community.

Jacqueline Kennedy's Georgetown Home

Jacqueline Kennedy's Georgetown residence, the Baker House, sold for $15 million in 2023. This Federal-style mansion, with its rich history and association with one of America's most admired First Ladies, remains a symbol of elegance and a bygone era of American politics and society.

Paul Anka's Thousand Oaks Mansion

Singer-songwriter Paul Anka's listing of his Thousand Oaks mansion in the Sherwood Country Club for $10 million showcases the home's French-inspired design and sprawling six-acre grounds. The mansion, perfect for an entertainer, features a recording studio, billiard room, and panoramic views of the golf course and mountains.

Bob Dylan's Home in Scotland

Bob Dylan's sale of his Aultmore House in Scotland for $5 million, above the $3.9 million asking price, underscores the property's unique appeal. The mansion, nestled in the Cairngorm National Park, reflects Dylan's penchant for privacy and tranquility, away from the public eye.

The 2023 Top 10 Celebrity Homes list not only provides a peek into the lifestyles of the stars but also highlights the diverse tastes and preferences in luxury real estate. From urban mansions to serene country estates, these homes represent the pinnacle of celebrity living. As we marvel at these architectural wonders and their storied pasts, they remind us of the ever-evolving landscape of luxury real estate and the timeless allure of celebrity culture.

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These Luxurious Amenities Make Holiday Entertaining a Breeze

The holidays are quickly approaching, and for those who are hosting this year, it takes more than a little holiday magic to put together a memorable party. For the lucky residents of New York City's luxury buildings, entertaining can be chic and effortless by simply booking the thoughtfully-designed event spaces that are part of the impressive amenity packages. These elegant spaces aren't your typical dining rooms, but go above and beyond to provide a beautiful backdrop for all your holiday parties. Let the holiday soirees commence!

Below are some of the top event spaces in amenities around the City:

200 Amsterdam

The Private Dining Room at 200 Amsterdam is part of the luxury condominiums impressive amenity package that spans three floors and 20,000 square feet. The impressive space includes a private dining area, lounge area and access to a landscaped outdoor terrace for a breath of fresh air. The generously-sized dining table allows for large or intimate celebration and a prep kitchen nearby allows for ease of catering.

Image Credit Williams New York

393 West End Avenue

This collection of 75 upscale residences merge old-world charm with contemporary comforts and are complimented by a series of garden-level amenities reminiscent of a private social club. Taking inspiration from private homes, the amenities offer the privacy of an in-house club and include a Club Room ideal for private dining or hosting intimate gatherings, featuring a custom artisanal tile mosaic, a plush nine-foot sofa and a fully-equipped bar. Let the holiday events begin!

Image Credit Alden Studios

The Copper

Perhaps the most popular and luxurious rental building in New York City, The Copper's impressive amenity package is housed in a skybridge that is a feat of architecture designed by SHoP Architects that connects the two residential towers. A catering kitchen and private dining room with adjacent event space were designed specifically to cater to residents entertaining needs. Take in stunning Empire State Building and City views while enjoying a festive meal and cocktails with your guests. Bonus points: the in-house concierge service LIV Method can arrange for a Sommelier to help you pick out the perfect wine pairing for each course that you serve your guests.

Image Credit The Copper

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Sustainable and Eco-friendly Living: The Future of New York City Real Estate

In recent years, there has been a significant shift in consumer perceptions and demands when it comes to real estate, particularly in New York City. As greater awareness and concern arise around environmental issues and climate change, many residents are seeking homes that align with their values and contribute to a more sustainable and eco-friendly urban living experience.

New York City’s real estate industry is undergoing a transformation, with developers and architects reimagining residential spaces that prioritize the preservation of our environment and reduce our ecological footprint.

This article explores the innovative approaches and building features that signify the future of sustainable and eco-friendly real estate trends in New York City. Gain insight into the various design principles, technologies, and amenities that contribute to a greener living environment, as well as examining the benefits and long-term advantages of embracing eco-conscious practices within residential spaces.

As the city continues to evolve and adapt to the growing demand for sustainable living, be inspired by the emerging possibilities of a more environmentally harmonious and future-focused urban lifestyle.

Green Building Certifications: LEED and Passive House Standards

Green buildings certifications, such as the Leadership in Energy and Environmental Design (LEED) and Passive House (PH) standards, serve as benchmarks for sustainable and eco-friendly residential construction. LEED certification focuses on a building's design, construction, and performance, considering factors such as water efficiency, energy usage, and materials used during construction.

A higher LEED rating signifies a more environmentally friendly building. Developers in New York City are increasingly adopting these standards to create contemporary residential spaces that prioritize ecological responsibility and long-term sustainability. Notable LEED-certified residential buildings in NYC include the Visionaire, the Solaire, and the Verdesian.

Passive House certification, a European concept that prioritizes energy efficiency, is quickly gaining momentum in the United States. Passive House certified buildings are designed to dramatically reduce the building's ecological footprint and annual energy consumption.

Passive Houses use high-quality insulation and innovative ventilation systems to maintain comfortable temperature levels, reducing the need for convective heating or cooling systems. Examples of Passive House certified residential buildings in NYC include The Perch Harlem and Sendero Verde.

Solar and Renewable Energy Integration

New York City real estate developers are increasingly incorporating renewable energy sources, such as solar, into their residential building designs. Buildings outfitted with photovoltaic panels provide residents with a clean and sustainable source of electricity, reducing reliance on fossil fuels and decreasing greenhouse gas emissions.

The integration of solar energy into buildings also offers long-term cost-saving benefits for residents, lowering utility costs and improving energy efficiency. Additional renewable energy solutions gaining popularity in NYC residential buildings include geothermal heating and cooling systems, offering an energy-efficient and environmentally friendly alternative to traditional HVAC systems. Notable examples of solar-powered residential buildings in New York City include The Brighton, a solar-powered apartment complex in Brooklyn.

Green Roofs and Gardens: Nurturing Biodiversity within Urban Living

Green roofs and gardens are becoming an integral component of sustainable, eco-friendly living in New York City. These living rooftops offer multiple ecological benefits, such as mitigating the urban heat island effect, absorbing stormwater, and providing habitats for diverse species of birds, insects, and plants. In addition to environmental advantages, green roofs and gardens contribute to overall well-being by providing aesthetically appealing and calming spaces for residents to enjoy.

Moreover, green roofs can significantly reduce energy costs, providing natural insulation that reduces the need for heating in winter and cooling in summer. Some prominent residential buildings boasting green roofs and gardens in NYC include 515 West 29th Street in Chelsea and the 180 Tenth at the High Line.

Sustainable and Recycled Materials

The incorporation of sustainable and recycled materials in new residential developments is another essential aspect of eco-friendly living in New York City. Examples of such materials include reclaimed wood, recycled steel, and responsibly sourced natural stones. Utilizing eco-friendly materials during construction significantly reduces the building's ecological impact, conserving natural resources and minimizing waste.

Moreover, buildings employing these materials often possess a unique aesthetic appeal, merging sustainability with sophisticated design. An excellent example of a residential building in NYC using sustainable materials is Sendero Verde, a mix-used development in East Harlem, which uses cross-laminated timber (CLT) as its primary building material.

Smart Home Technologies: Enhancing Energy Efficiency

Smart home technologies are playing a crucial role in promoting sustainable and eco-friendly living in New York City's residential spaces. These technologies include heating and cooling systems that automatically adjust to minimize energy consumption, energy-efficient lighting, and water-saving plumbing fixtures. By integrating these solutions, residents benefit from improved energy efficiency and reduced utility costs while actively contributing to the reduction of greenhouse gas emissions.

Notable residential buildings in New York City that incorporate state-of-the-art smart home technologies include The XI in West Chelsea, which utilizes a Lutron HomeWorks QS system for efficient lighting and shade control.

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Embrace the Future of Sustainable and Eco-friendly Living in New York City

The future of New York City real estate is marked by an increasing emphasis on sustainability, eco-friendly living, and conscientious design principles. Innovative approaches to building techniques, use of renewable energy sources, integration of green spaces, and the incorporation of advanced smart home technologies demonstrate the New York City's commitment to environmental stewardship and long-term ecological responsibility.

As a prospective homebuyer in this ever-evolving city, consider how your choice of residence may contribute positively and significantly to both your lifestyle and the environment, creating a harmonious symbiosis between urban living and the natural world. At Off The MRKT, our team of real estate professionals is well-versed in the latest trends and offerings related to eco-friendly and sustainable living in New York City. Our knowledge and expertise lend invaluable insights into the best residential properties that align with your values and commitment to a greener future.

Ready to explore the sustainable and eco-friendly side of New York City's real estate market? Look no further than Off The MRKT! Our team of experts is dedicated to helping you find the perfect environmentally responsible residence, connecting you with the best options in the city. Contact us today and let us guide you every step of the way towards developing commercial real estate that is both profitable and environmentally responsible.

ARLOPARC: A New Beacon of Luxury Living on the Upper East Side

ARLOPARC

RYBAK DEVELOPMENT proudly announces the launch of condominium sales at ARLOPARC, a new development that infuses timeless European elegance into the heart of the Upper East Side. Located at 124 East 86th Street, ARLOPARC stands as a beacon of luxury and sophistication in one of New York City's most sought-after neighborhoods. The building, designed by Antonio Ventimiglia and S20Milan, boasts a stunning limestone façade, a custom glass-blown chandelier in the lobby, and meticulously chosen marble, reflecting a commitment to unparalleled design and craftsmanship.

ARLOPARC's 28 residences across 20 floors offer the exclusivity and intimacy of boutique living. Each home is equipped with a next-generation air purification and filtration system, ensuring optimal air quality and a healthier living environment. The residences feature northern and southern exposures, bathing the interiors in natural light throughout the day. Many homes also include private outdoor balconies or terraces, providing serene urban retreats amidst the bustling city.

Spearheading the sales for ARLOPARC is Corcoran’s Benalloul Team, led by Beth Benalloul. Jodi Stasse, EVP of Corcoran New Development, lauds the project, stating, “ARLOPARC is a limited-edition property, a result of collaboration between the best in the business. The synergy of Corcoran’s resources, RYBAK’s dedication to excellence, and the Benalloul Team’s expertise promises a unique and luxurious living experience on the Upper East Side.

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Inside a 300 square foot apartment

Ever wanted to know what it’s like to live in a 300 square foot apartment? Many of us have had our small apartments, but this takes the cake. Or should we say cupcake. Serhant agent Talia McKinney shows us one on this weeks.Tiny Spaces.

In this episode, Talia takes a look inside Caitlin Widener's gorgeously designed tiny apartment only steps away from Prospect Park. This handcrafted Brooklyn home is intentional with every single design choice. Make sure to take inspiration and let us know in the comments your favorite part of this tiny home!

A Glimpse into Manhattan's Prestigious Residential Skyscrapers

Billionaires’ Row, nestled in the heart of Manhattan, is the epitome of luxury living, showcasing an unparalleled collection of prestigious residential skyscrapers. This famed stretch of real estate, where architectural prowess meets lavish comforts, has captured the attention of the world's wealthiest and most discerning buyers. In this article, we will take an exclusive peek into the opulence, extravagance, and allure that defines Billionaires' Row.

From the world's tallest residential buildings to innovative amenities that redefine modern living, you will uncover the elements that make these Manhattan skyscrapers so coveted and exclusive. Join us as we explore the enigmatic world of Billionaires’ Row, providing insight into the remarkable lifestyle, architectural marvels, and grand interiors that epitomize this iconic New York City destination. Embrace the unparalleled grandeur and immerse yourself in the exquisite world of Manhattan's most prestigious residential towers.

The Origins of Billionaires' Row

The famed Billionaires' Row stretches along the southern edge of Central Park, from 57th Street to Columbus Circle, encompassing the most valuable real estate in New York City. Its moniker stems from the ultra-wealthy clientele drawn to the extravagant residential developments, with some of the world's most successful entrepreneurs and celebrities calling this prestigious location home. Billionaires' Row represents the pinnacle of luxury living in Manhattan, characterized by extravagantly designed skyscrapers with breathtaking views, world-class amenities, and unmatched privacy and exclusivity.

Architectural Marvels of Billionaires' Row

Billionaires' Row boasts an impressive roster of renowned architects and developers responsible for creating some of the most innovative and eye-catching residential buildings globally. Among these architectural masterpieces stand:

1. 432 Park Avenue: Designed by architect Rafael Viñoly and developed by CIM Group and Macklowe Properties, 432 Park Avenue reigns as the tallest residential building in the Western Hemisphere. With interiors by Deborah Berke Partners, the building exudes an air of modern elegance. Residents can enjoy the unrivaled city and park views, with every detail meticulously designed to offer the utmost luxury.

2. One57: Developed by Extell and designed by architect Christian de Portzamparc, One57 features 90 stories of ultra-luxe living. Known for its captivating "waterfall" facade, this tower includes a limited collection of residences above a five-star Park Hyatt hotel, providing lavish hotel amenities to its residents.

3. Central Park Tower: Developed by Extell and designed by architects Adrian Smith and Gordon Gill Architecture, Central Park Tower claims the title of the tallest residential building globally and the second tallest building in the United States. The 1,550-foot skyscraper houses opulent living spaces with breathtaking views, lush interiors, and one of the largest and most exclusive private club offerings in any residential building.

4. 53W53: Developed by Hines, Pontiac Land Group, and Goldman Sachs and designed by Pritzker Prize-winning architect Jean Nouvel, 53W53 stands as a work of art in its own right. With its unprecedented design and unique relationship to the Museum of Modern Art, this high-rise captures the essence of New York City's appreciation for both art and architecture.

Luxurious Amenities and Services

Residents of these iconic Billionaires' Row towers enjoy unparalleled services and amenities as part of their lifestyle. Some notable offerings include the following:

1. Spectacular Views: One defining aspect of these luxury skyscrapers is the unobstructed panoramic views they offer, allowing residents to gaze upon Central Park, the Manhattan skyline, and even beyond the ocean.

2. Wellness Spaces: Residents can access state-of-the-art gyms, spas, and treatment rooms to prioritize wellness, often accompanied by personalized fitness plans, yoga studios, massage services, and indoor swimming pools.

3. Entertainment Amenities: Some buildings offer private dining rooms, catering kitchens, movie theaters, and children's playrooms designed to entertain and cater to residents' desires for luxurious living and leisure.

4. Exclusive Clubs: Buildings such as Central Park Tower offer residents an expansive and private club encompassing multiple floors dedicated to wellness, dining, and entertainment, echoing the luxury of a five-star hotel experience.

The Impact of Billionaires' Row on New York City's Real Estate Market

The rise of Billionaires' Row has significantly impacted New York City's real estate market. These ultra-luxury residential buildings command exorbitant prices and have raised the bar for luxury living in Manhattan. As a result, the city’s real estate landscape now caters to higher expectations in terms of design, amenities, and quality.

However, the extravagant prices and exclusivity of Billionaires' Row properties have also raised concerns about limited supply and affordability in the broader real estate market. These iconic skyscrapers embody the pinnacle of architectural innovation, heralding a new era of opulence in New York City's real estate realm.

The Art of Living on Billionaires' Row

Becoming a resident of New York City’s prestigious Billionaires' Row requires more than just financial wherewithal – it demands an appreciation for the finer aspects of life, an eye for design, and a desire for unparalleled service that transcends the ordinary. From enjoying unparalleled views of Central Park to embracing the most innovative and luxurious amenities, living on Billionaires' Row represents the culmination of a lifelong pursuit of excellence and affluence.

Make Your Mark on Billionaires' Row with Off The MRKT

The sheer opulence and grandeur of Manhattan's iconic Billionaires' Row are unparalleled, enticing the world's elite to embrace this luxurious lifestyle. As you embark on your journey to become a part of this prestigious enclave, let Off The MRKT be your trusted partner in navigating New York City's most exclusive residential skyscrapers.

With Off The MRKT by your side, enjoy personalized and professional assistance throughout your real estate journey, ensuring a smooth and successful outcome. Begin your search today for an unparalleled living experience amidst the awe-inspiring architectural marvels and breathtaking amenities of New York City's Billionaires' Row. Learn more about luxury and celebrity houses in New York at Off The MRKT’s real estate features!

Wallpaper Wonders: Transforming Luxury Spaces into Artistic Masterpieces

This holiday season, the art of transformation takes center stage, not just in gift wrapping but in the realm of interior design. Wallpaper, once a backdrop, now becomes the focal point in luxury residences, turning walls into canvases of creativity and style. From the elegant corridors of The Harper to the vibrant spaces of 200 East 59th Street, wallpaper is redefining the aesthetics of luxury living. Join us as we explore how these exquisite properties across New York City are embracing this trend, set to revolutionize interior design in 2024.

The Harper

Credit: Glenn Allsop

A Blend of Tradition and Modernity At The Harper, located on Manhattan’s Upper East Side, wallpaper plays a pivotal role in harmonizing pre-war elegance with contemporary design. The building's amenity spaces and model units showcase a variety of wallpapers, each chosen to enhance the property's visual appeal and create lasting impressions. The use of different color palettes, textures, and designs in wallpapering not only adds depth to each space but also reflects the unique character of The Harper.

96+Broadway

Credit: Evan Joseph

Accentuating Tones with Patterns Nestled between Riverside Park and Central Park, 96+Broadway incorporates wallpaper to elevate its tonal palette. In one of the homes, design firm Urban Casa has skillfully used patterned wallpaper to add personality and softness to a pink bedroom, demonstrating how wallpaper can be both a subtle and striking design element.

547 West 47th Street

Credit: Donna Dotan

Connecting with Nature At 547 West 47th Street, wallpaper is used to create a serene and natural ambiance. The geometric design and earthy hues of the wallpaper in Residence 903’s bedroom offer a calming focal point, connecting residents with nature while they enjoy the Midtown skyline views.

200 East 59th Street

Credit: Courtesy of 200 East 59th Street

Bold Statements with Wallpaper 200 East 59th Street takes a daring approach, integrating bold wallpaper throughout its model residences. Designed by CetraRuddy, the use of animal print and blue denim textures in bedrooms creates vibrant, layered spaces, showcasing how wallpaper can be used to make a bold statement.

265 State St, 701, Boerum Hill

Credit: Travis Mark

Upscale and Refined Atmosphere In Boerum Hill, Brooklyn, the residence at 265 State Street uses wallpaper in multiple rooms to transform walls into captivating focal points. The upscale and refined atmosphere created by the wallpaper adds an extra layer of sophistication to this sprawling sanctuary.

1 Hanson Pl, 9GH, Fort Greene

Credit: Travis Mark

Sun-Splashed Elegance Residence 9GH at One Hanson Place in Fort Greene, Brooklyn, features wallpaper that enhances its sun-splashed interiors. The use of wallpaper in this four-bedroom residence adds depth and character, complementing the wide-open views and exceptional location.

As we look towards 2024, wallpaper emerges as a key trend in luxury interior design, offering endless possibilities for personalization and artistic expression. These luxury listings across New York City exemplify how wallpaper can transform any space into a work of art, making it an essential element for those looking to infuse their homes with individuality and style.

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Brown Harris Stevens Unveils MORE Network: A New Era in Real Estate Storytelling

In a bold move that redefines real estate marketing, Brown Harris Stevens (BHS), a leader in the luxury real estate sector, has launched the Mastery of Real Estate Network (MORE Network). This innovative multimedia platform, featuring dedicated channels on Apple Podcasts and YouTube, showcases the expertise and insights of BHS agents from across the country. Produced and edited by the BHS creative team, MORE Network is set to captivate audiences with its unique blend of informative and entertaining content.

Brown Harris Stevens, synonymous with luxury real estate, has taken a significant leap into the digital age with the launch of its Mastery of Real Estate Network, or MORE Network. This new multimedia platform is a testament to BHS's commitment to innovation and client engagement in an evolving media landscape.

Matthew Leone, Chief Marketing Officer at BHS, highlights the vision behind MORE Network: “As traditional media outlets continue to evolve, it became essential for us to create our own media channel. MORE Network is our answer to this challenge, offering a dynamic platform that showcases the depth of knowledge and experience of our agents.”

The launch of MORE Network has been met with enthusiasm, debuting with 11 new video series and 6 new podcast series. Bess Freedman, CEO of Brown Harris Stevens, expressed excitement about this venture, noting the opportunity it provides for agents to share their expertise with a wider audience.

Filming for each episode of the MORE Network takes place in Studio 1873, a state-of-the-art facility located in BHS’s flagship NYC office on Park Avenue. Named in honor of the year BHS was founded, Studio 1873 is equipped with the latest in audio and video recording technology, green screens, set capabilities, and a teleprompter, ensuring high-quality production values.

For those interested in the latest insights and stories from the world of real estate, the MORE Network offers a fresh and engaging perspective. To dive into this rich content, visit the dedicated MORE channels on Apple Podcasts and  YouTube.

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The Pros and Cons of the First-Floor Apartment

Great apartments in NYC are hard to come by, especially if you’re looking in highly coveted neighborhoods. One thing to consider in your hunt is the possibility of renting a first-floor apartment.

These units are generally considered less desirable, so you can typically get a better deal. Not everyone is willing to put up with added noise and reduced privacy. You might find yourself the perfect apartment in your dream location if these things aren’t deal breakers for you. These are some points to consider when making your decision about a first-floor apartment.

Benefits of a First-Floor Apartment

Despite being a less-desirable unit, first-floor apartments actually have many perks. You might be aware that they’re generally cheaper, but these other benefits may surprise you.

1. Cost

The most obvious and significant benefit is the reduced cost of most first-floor units. Fewer people are willing to put up with the drawbacks of these apartments, so they generally go for a cheaper price. You can get a bigger bang for your buck in size, amenities, or location.

2. Outdoor Space

Sometimes ground-floor apartments have their own outdoor space. While upper units might have balconies, you could score a small patio. This easy walkout access is especially perfect for dog owners. Depending on the size and nature of your outside area, you could even use it to entertain guests or set up a small garden.

3. Accessibility

Even though many apartment buildings have operating elevators, not all do. First-floor apartment units offer an accessible living space for people with wheelchairs or other needs. They can also be quite handy if you need crutches for a while due to an injury.

4. Convenience

Accessibility benefits aside, first-floor units can be downright convenient. Imagine a move-in day without stairs or elevators. Simple right? You also don’t have to lug your groceries up several flights each week. At the end of a long day, walk through the lobby, unlock your door, and you’re home.

5. Proximity to Amenities

Living on the ground floor gives you easier access to any building amenities. Gyms and concierge desks are typically on the main floor. Getting out on the street and to your favorite shops is a faster process, too. Avoiding the stairs and elevator ride can even cut valuable minutes out of your commute.

6. Upgrades

Since fewer people are willing to live in first-floor apartments, landlords have a more difficult time renting them out. Reducing the cost is one way they’re able to seal the deal. However, they sometimes will throw in extra upgrades on the main floor that units in the upper levels don’t get. Larger units, upgraded appliances, and nicer finishes are a few ways landlords can entice future tenants.

Drawbacks of a First-Floor Apartment

First-floor apartments have a notorious reputation for a reason. Before signing a lease, ensure you can put up with these less-attractive features.

1. Noise

The most common complaint with first-floor apartments is the noise levels. You’re living closer to the street, so you’ll undoubtedly hear more sounds from cars and pedestrians.

You’ll also want to pay attention to where the apartment building is located. If you live on the first floor near a commercial or industrial building, 

If you love hearing the hustle and bustle of city living, you might enjoy a first-floor unit. Otherwise, you may want to steer clear.

2. Higher Heating Costs

Hot air rises, which can help you in the summer, but cold winters are another matter. Your heating bill will be much higher than your neighbors on the upper floors. Essentially, you’ll be paying to heat the apartments of everyone above you while you’re wrapped in a blanket.

3. More Crime

Another thing you need to worry about with a first-floor unit is the potential for crime. These apartments are sometimes accessible from the street, so it’s much easier for burglars to get in through your windows.

Check with your potential landlord or leasing company about the security provided for first-floor entry, like security doors or grilles to limit access to windows and doors. This knowledge can help you assess your risk and let your landlord know what your concerns are before you move in.

4. Lack of Privacy

Living on the ground floor means people passing by can see into your home. You can hang thick curtains to keep prying eyes out. However, you’d be sacrificing natural light, which can be depressing and not good for your mental health.

5. Less Storage

Practice common sense — you may want to refrain from putting expensive equipment like bicycles outside your apartment since it can be a temptation for theft. Therefore, depending on the space, outdoor space you have may not be ideal for storage. 

Upper units don’t have that problem and can store whatever they like on their balcony, within reason.

Is a First-Floor Apartment Right for You?

Only you can know if the benefits of first-floor living exceed the drawbacks. Can you handle having less storage and more noise? If so, a first-floor apartment could be your ticket to life in the neighborhood of your dreams at a price you can afford.

Author

Evelyn Long is the editor-in-chief of Renovated. Her real estate work has been published by the National Association of REALTORS®, Rental Housing Journal, and other online publications.

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Top 8 Reasons to Invest in New Developments in NYC's Residential Real Estate Market

As New York City's real estate market continues to evolve, new developments offer unique opportunities for potential investors and homebuyers in the residential sector. Innovative designs, state-of-the-art amenities, and the potential for long-term appreciation are just a few of the reasons behind the increasing allure of new developments within the city. Our listicle highlights the most significant benefits of investing in the city's newest residential properties.

With insights into distinctive architectural styles, advancements in sustainability, and locations in emerging neighborhoods, this comprehensive collection of advantages will guide your decision-making and help you understand the growth potential of investing in new developments. Allow us to demonstrate why opting for newly constructed properties can be a strategic and rewarding decision for your future in New York City's residential real estate market.

Innovative Design and Architectural Excellence

One of the primary reasons to invest in new developments is the innovative design and architectural excellence on display. New construction projects often collaborate with renowned architects and design firms to incorporate cutting-edge ideas and distinctive styles into their residential buildings. These properties offer aesthetically appealing, well-planned living spaces that cater to the modern urban lifestyle, setting them apart from older buildings.

State-of-the-Art Amenities and Technologies

New developments in NYC's real estate market often boast state-of-the-art amenities that cater to the evolving needs and preferences of potential residents. High-end residential buildings may feature luxe shared facilities, such as fitness centers, swimming pools, rooftop gardens, and co-working spaces. Additionally, these properties tend to integrate smart home technologies and green innovations that enhance residents' quality of life and improve the property's energy efficiency.

Prime Locations in Emerging Neighborhoods

New developments often aim to capitalize on the growth potential of emerging neighborhoods, which can offer valuable investment opportunities. These areas tend to have strong infrastructural plans, upcoming transit expansions, and an influx of new businesses and cultural institutions. As these neighborhoods gain popularity and continue to develop, there is potential for property values to increase, generating long-term appreciation for investors.

Customization Opportunities for Buyers

Purchasing a new development property often provides buyers with the opportunity to customize their living spaces according to their preferences. In some cases, buyers can work with developers and designers to choose from various floor plans, layouts, materials, and finishes. This flexibility allows homeowners to create personalized living spaces tailored to suit their needs and tastes, which is not typically possible with resale properties.

Lower Maintenance Requirements

Newly constructed residential properties tend to offer lower maintenance requirements than their older counterparts. New developments are built according to the latest building codes and utilize high-quality materials, reducing the need for frequent repairs and upkeep. Furthermore, many new developments come with warranties for various components of the property, providing peace of mind to both investors and homeowners.

Advanced Energy Efficiency and Sustainability

New developments often focus on incorporating energy-efficient features and sustainable practices into their construction. These can include enhanced insulation, energy-saving appliances, optimized lighting systems, and green building materials. Many modern residential buildings also seek eco-friendly certifications, such as LEED (Leadership in Energy and Environmental Design), which can contribute to a property's appeal and potential resale value. Investing in a green property not only lowers utility costs but also promotes a more sustainable, environmentally conscious living experience.

Increased Rental Opportunities

Variety in available housing is particularly relevant in the NYC real estate market, where demand for rental properties is consistently strong. Investing in a new development property can provide opportunities to rent out the unit to tenants seeking modern, energy-efficient living spaces with state-of-the-art amenities. The appeal of new construction properties can result in higher rental rates, leading to greater potential for generating rental income.

Attractive Financing Options

New developments often offer attractive financing options and incentives for buyers, such as reduced closing costs, lower interest rates, or developer-backed financing programs. These attractive terms can help investors and homeowners secure more favorable financing options, saving on costs and maximizing their return on investment.

Partner with Off the MRKT to Embrace the Benefits of New Developments in NYC's Real Estate Market

From innovative designs to long-term appreciation prospects, NYC's new developments present numerous unique benefits to investors and homeowners alike. By understanding and considering these attributes, you can make well-informed real estate investment decisions with confidence in your selection of modern, high-quality properties.

Trust Off the MRKT to help you navigate the NYC residential market and discover exceptional new development opportunities. Our experienced team of professionals has exclusive access to the latest insight on new construction developments in NYC and emerging neighborhoods throughout the city. Begin your journey to success by exploring our curated listings and connecting with one of our expert agents. Together, let's capitalize on the numerous advantages of investing in new developments in New York City's vibrant residential real estate market.

These lobby fireplaces are giving residents a warm welcome home

As the holiday season quickly approaches, so does the change in weather. Finding a source of warmth is top of mind as we enter the beginning of sweater weather season, and nothing beats the heat from a functioning fireplace to curl up next to. While the fireplace has been traditionally known for its physical warmth, it has also become an impeccable design statement. I wanted to pique your interest in featuring these luxury residential lobbies that are equipped with beautifully designed and functional fireplaces that provide guests and residents with a warm welcome home.

The Cortland

The Cortland, a NYC-based development located across from the Hudson River Park in West Chelsea, includes 144 residences designed by two of the world's leading architectural practices, Robert A.M. Stern Architects and Olson Kundig. Each residence features expansive open-plan living and dining areas with warm wood flooring and floor-to-ceiling windows. The lobby of the project is equally as impressive as its one million brick facade, luxury amenities and beautiful interiors, featuring double-height ceilings dressed in marble imported from Italy. The lobby also includes a signature Olson Kundig fireplace operated by a kinetic wheel, as well as a custom bronze and onyx light fixture designed by Markus Haase, providing guests with a warm and welcoming feel as they enter the building.

(Photo Credit: Colin Miller).

Selene

The Midtown Manhattan luxury tower designed by the Pritzker Prize winning Foster + Partners, has relaunched as Selene, a fully realized contemporary landmark. Formerly known by its address 100 East 53rd Street, Selene offers perfect pied-à-terre residences with sweeping views of New York City. In addition to 94 bespoke residences, Selene offers its very own urban sanctuary with four floors of luxurious wellness and social amenities, including a beautifully-designed lobby with dramatic fireplace and custom furniture by AD100 interior designer William T. Georgis. (Photo Credit: Williams New York).

Rose Hill

Rose Hill — Manhattan's new Art Deco-inspired skyscraper located in NoMad features a stunning "Blue Room" that is situated just off its grand lobby space. Named for its jewel-toned accent wall that extends across the ceiling, the Blue Room features multiple seating areas that are centered around an elegant marble fireplace clad with a bronze finished ornamental screen. Here, residents can gather for business or pleasure, taking in views of the private outdoor terrace. The building also features a second fireplace located on an impressive amenities floor on the 37th level. This floor provides all residents with the penthouse treatment through a private resident's lounge that boasts incredible 360-degree views of the city skyline and a cozy fireplace that adds character and ambiance to a library curated by Strand Books. (Photo Credit: Evan Joseph).

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Our Favorite Listings For The Week

887 Saint Nicholas Avenue

Listed by Pierre Malterre-West and Randall Dolland of Douglas Elliman for $3,175,000, 887 Saint Nicholas Avenue is a newly renovated triplex townhouse in the serene Sugar Hill neighborhood of Harlem. This property uniquely blends historic brownstone charm with modern smart home features and timeless finishes. The exterior retains its classic aesthetic, while the interior boasts high ceilings, a grand foyer, gallery hallways, and a blend of elegant and contemporary design elements.

The main house, spanning three levels, includes a parlor floor with herringbone hardwood floors, a black granite fireplace, a dining area with built-in cabinetry, and a chef's kitchen with marble waterfall countertops. The second floor features a primary suite with a luxurious en-suite bathroom, while the third floor offers additional bedrooms, a laundry room, and versatile space for a home office or gym. The garden floor unit, approximately 1144sf with an additional 300 sf of outdoor space, includes a private entrance, a spacious living room, an open-concept kitchen, and two bedrooms, each with access to a private garden. This exquisite property represents a rare opportunity to own a piece of Harlem's architectural heritage, updated for modern living.

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Penthouse North

credit Evan Joseph

Penthouse North at Flatiron House, a stunning duplex in New York's Flatiron District, is listed for $10.9 million. This luxurious 5-bedroom, 5.5-bath residence spans 3,633 square feet across two levels, complemented by a 482 square foot terrace with breathtaking views of the Empire State Building. The first floor features a grand gallery leading to the bedroom wing, including a lavish primary suite with a walk-in closet, windowed dressing room, and a sumptuous bathroom. The second floor is a showcase of natural light, with a spacious living room, gas-burning fireplace, and a chef’s kitchen equipped with high-end finishes and a wet bar.

Residents of Flatiron House enjoy an array of amenities, including an attended lobby, fitness center, lush garden, residents' lounge, and a game room. The building's location, just steps from Madison Square Park, adds to the allure of this exquisite property, making it a coveted address in one of Manhattan's most desirable neighborhoods.

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101 Central Park West, APT 11/12G

Photo Credit: Coldwell Banker Warburg

Experience the epitome of luxury living in this $7,995,000 duplex, listed by broker Wendy Greenbaum of Coldwell Banker Warburg, located at the prestigious address of 101 Central Park West. This exquisite home, set across two floors, is bathed in natural light and is right near Central Park. The entrance welcomes you with a 22-foot gallery leading to a spacious living room with a wood-burning fireplace and an elegant dining room. The main floor also features a cozy library, a kitchen with a breakfast room, and a powder room.

The upper level of the duplex is a haven of tranquility, boasting three bedrooms and two staff rooms. The primary suite is a masterpiece of comfort and luxury, complete with its own fireplace, expansive closets, and a dressing area. The en-suite bathroom features a large tub and stall shower. The additional bedrooms offer ample closet space and privacy. Residents of 101 Central Park West, a building dating back to 1928 and designed by Schwartz & Gross, enjoy amenities such as a resident manager, door staff, a gym, a bike room, and additional storage. This home is not just a residence but a lifestyle choice, offering the best of the Upper West Side and the natural beauty of Central Park right at your doorstep.

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Navigating the Post-Pandemic Manhattan Real Estate Market: Expert Insights and FAQs

The COVID-19 pandemic has brought about unprecedented changes to the Manhattan real estate market. As we continue to navigate this evolving landscape, homebuyers, sellers, and investors must understand the market's dynamics to make well-informed decisions. In our comprehensive guide, we provide answers to common questions and offer expert insights into emerging trends, changing buyer preferences, and investment opportunities within the post-pandemic market.

Stay ahead of the curve and seize opportunities with our guidance, as we delve into essential topics such as evolving neighborhood desirability, shifts in housing demands, and the rise of remote work's impact on the Manhattan residential scene. As we explore this new normal in Manhattan real estate, let us help you make strategic decisions that echo well into the future.

Understanding the Post-Pandemic Landscape: Emerging Trends in Manhattan Real Estate

As the Manhattan real estate market adjusts to a post-pandemic reality, certain trends are becoming apparent, shaping the market's direction and providing valuable insights for potential buyers, sellers, and investors:

1. Shifts in neighborhood desirability: With many New Yorkers working remotely, they are prioritizing proximity to parks, waterfronts, and green spaces over traditionally popular neighborhoods with bustling office spaces. Consequently, residential areas bordering parks, such as Central Park, Hudson River Park, and Brooklyn Bridge Park, are now increasingly sought-after.

2. Rise in demand for larger living spaces: The nature of remote work and evolving family needs has increased demand for more expansive living spaces, both in square footage and room count. According to a study by StreetEasy, Manhattan saw the highest increase in searches for three-bedroom apartments in 2021 compared to 2020.

3. Emphasis on outdoor and work-from-home amenities: The pandemic has brought renewed focus to residential buildings that offer private outdoor spaces and dedicated work areas, as well as shared amenities such as co-working spaces, fitness centers, and outdoor gardens.

Adapting to Changes in Buyer Preferences

To navigate the post-pandemic Manhattan real estate market successfully, it is crucial to adapt to the evolving preferences of prospective homebuyers:

1. Virtual property tours: As in-person viewings were limited during the pandemic, virtual property tours have become an integral part of the home-buying process. As social distancing measures ease, they continue to be popular for their convenience and safety. Real estate professionals should invest in high-quality virtual tours to showcase properties to potential buyers effectively.

2. Flexibility in pricing and negotiations: The pandemic has sparked price fluctuations in different Manhattan neighborhoods. Consequently, both sellers and buyers should be prepared for flexibility and negotiation in their transactions. Real estate professionals can help by staying informed of recent market data to guide their clients in pricing or bidding on properties.

3. Responsive communication: Homebuyers are seeking real estate professionals who can provide clear information, consistent updates, and timely responses to their questions. In a post-pandemic market, effective communication and responsiveness are vital in building trust and long-lasting relationships with your clients.

Identifying Investment Opportunities in the Post-Pandemic Market

Despite uncertainties in the market, there are still promising investment opportunities in Manhattan residential real estate:

1. Eyeing undervalued neighborhoods: Some Manhattan neighborhoods experienced significant price drops due to the pandemic. This presents opportunities for investors to purchase properties in areas where prices are expected to recover as the city continues to reopen.

2. Taking advantage of record-low mortgage rates: The Federal Reserve has maintained record-low mortgage rates, enabling buyers to lock in long-term financing at attractive rates. Timing investments to take advantage of these low rates can provide long-term savings and enhance potential return on investment.

3. Exploring new development projects: Manhattan continues to be a hub for new development projects, particularly in areas such as Hudson Yards, the Financial District, and Downtown Brooklyn. Investing in new residential properties can provide potential appreciation in value as these neighborhoods develop.

Preparing for the Future: Long-Term Strategies for the Manhattan Real Estate Market

As New York City adapts to a post-pandemic world, real estate professionals must focus on long-term strategies to ensure success in a changing market:

1. Integrating technology: To accommodate the evolving needs of clients, real estate professionals should harness technology to enhance their services. This could include streamlining communications, offering virtual property tours, and utilizing property management software to improve efficiency and customer satisfaction.

2.. Staying informed: In a constantly evolving market, it is essential for real estate professionals to stay informed on market trends, policy changes, and neighborhood developments. Continuing education and networking with industry peers can help ensure you remain well-versed and able to offer valuable insights to your clients.

3. Prioritizing client relationships: As homebuyers and sellers navigate the post-pandemic market, they will rely on real estate professionals for guidance and support. Building strong and long-lasting client relationships through effective communication, transparency, and empathy will be essential for success in the future Manhattan real estate market.

With Off the MRKT by Your Side, Conquer NYC's Post-Pandemic Real Estate Market

Our insightful overview of navigating the changes and challenges of Manhattan's post-pandemic real estate market showcases the importance of understanding emerging trends, adapting to buyer preferences, identifying investment opportunities, and devising long-term strategies. Equipped with this knowledge, you are well-positioned to conquer the NYC residential real estate market in this new era.

Partner with Off the MRKT to find success in your next real estate venture. Our team of dedicated professionals is committed to guiding you through every step of your journey, from identifying properties to negotiating transactions. Using the latest technologies and our in-depth market knowledge, we ensure a seamless and rewarding experience. Explore Off The MRKT’s residential real estate guides offering expert advice on navigating the post-pandemic market and maximizing your investment potential.