Our Favorite Listings For The Week

81 White St PHE

Offered at $7.5M, this stunning duplex penthouse at 81 White St in Tribeca, listed by Lance Gillette, Brandon Bogard, and Mallory Bogard of SERHANT, combines historic charm with modern luxury. Situated in a boutique condominium with just 11 units, this 3,200 sqft residence features a soaring 27-ft high entry, a custom steel-and-wood staircase, and a chef's kitchen with high-end appliances. With 720 sqft of private terraces, this exclusive home is located next to the iconic Mudd Club, offering a unique piece of New York's cultural history.

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250 West 96th Street, Unit PHA

photo credit: Kate Glicksberg

Introducing Residence PHA, a luxurious 4-bedroom, 4-bath penthouse listed by Pamela D’Arc of Compass. This impressive home features 11’ ceilings, a 1,160 sqft private roof deck with an outdoor kitchen, and sweeping south views of the Manhattan skyline and partial Hudson River views. The expansive living area boasts a marble-clad gas fireplace and floor-to-ceiling windows. The top-tier kitchen is equipped with custom Italian cabinets, Brazilian quartzite countertops, and high-end appliances. The building offers extraordinary amenities, including a 75-foot saltwater lap pool, fitness center, and landscaped rooftop with outdoor cinema.

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8 East 12 St #8/9393 West End Avenue, Apartment #9E

Residence 9E is a stunning 1,712 square-foot three-bedroom, two and a half bathroom home celebrating a gracious living room and western sunsets. Entertaining is a pleasure in the open chef's kitchen and adjacent dining room. The primary bedroom enjoys an en suite bath, a myriad of closets and serene city views. The secondary bedrooms boast bright, southern light. This magnificent home features many custom details throughout. The indoor & outdoor amenity suite includes a Great Room that offers semi-private interconnected spaces; a Club Room for dining and intimate gatherings; a Fitness Room with state-of-the-art equipment and private movement studio; a Cottage Playroom-inspired by an enchanted forest-with a dedicated porch and secret garden away from the city bustle; a lounge with gaming station; private nooks; and private courtyard with landscaped outdoor space. Represented by Louise Phillips Forbes, Brown Harris Stevens.

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Navigating the Latest Weight Loss Trends: What You Need to Know About GLP-1 Drugs

The popularity of GLP-1 (glucagon-like peptide-1) drugs for weight loss is skyrocketing, promising a new approach to tackling obesity. However, as more people turn to these medications, it's becoming clear that many users are not sticking with the treatment long enough to see sustained results. According to a CNN article, a significant number of individuals using GLP-1 drugs are discontinuing their use prematurely, which can undermine their weight loss efforts and overall health goals. These findings underscore the need for a comprehensive weight loss strategy that goes beyond medication.

GLP-1 drugs like semaglutide and liraglutide have become household names in the weight loss community. Marketed under brand names such as Wegovy and Saxenda, these medications were initially developed for managing type 2 diabetes but have gained attention for their effectiveness in reducing appetite and promoting weight loss. Yet, as CNN highlights, the challenge lies in maintaining the discipline to continue the treatment and integrating it into a broader lifestyle change plan.

Understanding how GLP-1 drugs work

GLP-1 drugs work by mimicking the action of the GLP-1 hormone, which is naturally produced in the gut. This hormone plays a role in regulating blood sugar levels, slowing down the emptying of the stomach, and signaling to the brain that you're full. The result is a decrease in appetite and an increase in feelings of satiety, making it easier to consume fewer calories and, ultimately, lose weight.

When GLP-1 drugs are administered, they bind to receptors in the brain that influence hunger and satiety. This action helps reduce food intake and promotes weight loss, especially when combined with a low-calorie diet and regular exercise. However, it's important to recognize that while GLP-1 drugs can be effective, they are not a magic bullet. For sustained success, they must be part of a broader weight loss strategy that includes lifestyle and behavioral changes.

Maximizing the benefits of GLP-1s for weight loss

To get the most out of GLP-1 drugs, it's essential to make lifestyle adjustments that complement the medication. One critical aspect is addressing habits that contribute to weight gain. For example, late-night snacking can sabotage weight loss efforts by adding unnecessary calories at a time when the body is less likely to burn them. As we discussed in a previous article, curbing late-night cravings requires mindful eating during the day, staying hydrated, and establishing a consistent sleep routine. By managing these behaviors, individuals can enhance the effectiveness of GLP-1 drugs and achieve better weight loss outcomes.

Another valuable resource for those using weight loss medications is a comprehensive GLP-1 weight loss program. These science-backed program are designed to provide users with a comprehensive support system that goes beyond just medication. It includes access to obesity specialists, behavior-change experts, and a supportive community. The program emphasizes the importance of behavior change, giving users tools and guidance to help them develop healthier habits that will last a lifetime. This holistic approach ensures that individuals are not only losing weight but also making sustainable changes to their lifestyle that will help them maintain their results long-term.

The importance of research and awareness

While GLP-1 drugs offer promising results, it's crucial for individuals to be aware of potential side effects and fully understand what they are getting into. As reported by HealthDay News, some users of these medications have experienced gastrointestinal side effects such as nausea, vomiting, and diarrhea. In a study of 196,000 patients, these side effects led to about 36.5% of patients to discontinue use after a year. To avoid surprises, it's important to do thorough research, consult with healthcare providers, and be prepared for the possibility of side effects. This knowledge can help users manage expectations and stick with their treatment plan.

Although GLP-1 drugs can be a powerful tool for weight loss, they are most effective when used as part of a comprehensive strategy that includes lifestyle changes and ongoing support. By understanding how these drugs work, addressing unhealthy habits, and being aware of potential side effects, individuals can maximize the benefits of GLP-1s and achieve lasting weight loss success.

Your Guide to Hamptons Real Estate Market Trends in 2024

Welcome to the summer of 2024, a prime season for exploring the Hamptons real estate market. The Hamptons, with its scenic beauty and luxurious living, continues to attract both residents and investors alike. Understanding current market dynamics is crucial for making informed decisions, whether you're buying, selling, or just curious about the real estate trends.

In 2024, the Hamptons real estate market is seeing some exciting changes. From emerging neighborhood hotspots to shifting price factors, there's plenty to keep an eye on. With beautiful summer weather enhancing the appeal of properties, now is the perfect time to dive into what makes this market tick. For those looking to buy, new opportunities abound, and sellers can capitalize on the high demand.

Let’s dive into the specifics of what’s trending this year, what factors are driving these changes, and how you can navigate the market effectively. Whether you’re a seasoned investor or a first-time buyer, understanding these aspects will help you make the best decisions for your real estate goals in the Hamptons.

Current Market Overview: What's Trending in 2024

The Hamptons real estate market in 2024 has continued to show remarkable vitality. One of the most noticeable trends is the demand for luxury properties. High-end buyers are particularly interested in homes that offer privacy, state-of-the-art amenities, and stunning views. These properties often come with price tags that reflect their exclusivity and prime locations.

Sustainable and energy-efficient homes are also gaining popularity. Many buyers are looking for properties with eco-friendly features, like solar panels and energy-efficient appliances. This trend is driven by a growing awareness of environmental issues and the long-term savings these features can provide. As a result, builders and sellers who incorporate green technologies find their properties more attractive to potential buyers.

Key Neighborhoods to Watch in the Hamptons

Several Hamptons neighborhoods are standing out in 2024 for their unique characteristics and growth potential. East Hampton remains a favorite with its charming village center, high-end boutiques, and proximity to beautiful beaches. This area offers a mix of historic homes and modern estates, catering to a wide range of tastes.

Sag Harbor is another neighborhood that’s drawing a lot of attention. Known for its rich history and vibrant arts scene, Sag Harbor offers a blend of quaint, small-town charm and luxurious waterfront properties. It's an ideal location for those who appreciate a close-knit community atmosphere alongside the perks of Hamptons living. We also see Montauk gaining popularity, not just for its beaches and surf culture, but for its more laid-back vibe compared to other parts of the Hamptons. Montauk offers a unique blend of natural beauty and cultural activities, making it a hot spot for both investors and new residents.

Factors Influencing Hamptons Real Estate Prices

Understanding the various factors influencing Hamptons real estate prices in 2024 is crucial for anyone looking to buy or sell. One significant influence is the seasonal demand. Summer typically sees a surge in buyers looking for vacation homes, which can drive prices up. We notice that homes near popular beaches or in elite neighborhoods tend to be more expensive during these peak months. The lingering effects of the pandemic have also heightened the desirability of properties that offer outdoor space and privacy, pushing up the value of larger lots with garden areas.

Another important factor is the general economic environment. Interest rates play a pivotal role; lower interest rates often make borrowing more affordable, leading to more buyers entering the market. Conversely, higher interest rates may slow down the demand, but can still keep the market active as buyers look to invest in stable assets. Local amenities also play a part. Proximity to quality schools, gourmet restaurants, shopping centers, and cultural institutions can significantly raise property values, making those areas highly sought after.

Tips for Buyers and Sellers in the 2024 Market

Navigating the real estate market in 2024 requires strategic thinking and preparation. For buyers, we recommend getting pre-approved for a mortgage before you start your search. This not only helps you understand what you can afford but also makes you a more attractive candidate to sellers. Be prepared to act quickly, as desirable properties in the Hamptons tend to move fast, especially during the summer. It’s also wise to work with a local real estate agent who understands the nuances of the Hamptons market and can guide you to the best deals.

Sellers, on the other hand, should focus on making their homes as appealing as possible. A well-staged home can make a significant difference in attracting potential buyers. Highlight any unique features your property offers, such as a spacious backyard, modern kitchen, or proximity to the beach. Pricing your home correctly from the start is crucial; overpricing can lead to longer time on the market, while underpricing might mean leaving money on the table. Again, working with a knowledgeable real estate agent can ensure you set a competitive price that reflects your home’s true value.

Conclusion

In 2024, the Hamptons real estate market continues to thrive, offering both challenges and opportunities for buyers and sellers. With summer in full swing, now is the perfect time to dive into the market armed with the latest trends and insider tips. Whether you seek a family-friendly home, a luxurious beachfront property, or a quiet retreat, understanding the current landscape can guide you to make informed and confident decisions.

We've journeyed through the factors shaping the market and provided actionable advice to help you navigate this dynamic environment effectively. If you're ready to experience the Hamptons lifestyle, reach out to us at Off The MRKT. Let’s explore the best options together and find the perfect property that meets your needs and lifestyle.

Personalizing a Space for Academic Success

By Tracy Wu, Manager, Avenue Studio

Research suggests that where a student studies is a key to their academic success. But in cities and suburbs alike where space is a cherished commodity, creating a functional, personalized, designated space for homework and studying can prove challenging. 

High-quality millwork and truly personalized concepts do not need to be financially out-of-reach. Both homeowners and urban dwellers should enlist the services of professional designers, fabricators and installers to turn any thought into a reality. 

Tracy Wu is the manager of Avenue Studio, New York’s leading custom interior design and home organization solution provider. She and her team have a deep understanding of the nuances required to create highly individualized solutions that enhance client’s homes and apartments in the country’s busiest metropolitan area.  

Together, they offer the following advice on how to craft a personalized homework area that will both maximize space and set students up for success this upcoming school year: 

• Create a separation between workspace and living space. Student’s designated study space should be just that: a place to study. No matter the size, having a space that is solely dedicated to homework and doesn’t share functions, such as a kitchen table or couch, can increase motivation and limit distraction. 

• Use the right lighting. Studies have shown that studying in dim lighting can increase eye strain and make it harder to retain information. Finding just the right amount of light through both overhead fixtures and lamps can create a calming atmosphere and encourage productivity. 

• Organization is key. The less time and energy spent looking for something at their desk, the more time and energy a student spends on their work. Research proves that having an accessible system, no matter how simple, to store everything and reduce clutter will make homework time a lot easier, less frustrating, and more productive. 

• Limit distraction. Workspaces should be clear and free of anything that could capture attention, especially electronics. The use of neutral colors, a removed spot to store phones or electronics, and white noise machines are all proven to help  keep students on track and make deadlines.

Tracy Wu is the manager of Avenue Studio, a one-stop luxury home brand offering custom interior design and home organization systems. With a keen understanding of the importance of space and the challenges of our modern lifestyle, Avenue Studio works directly with clients to design bespoke closets, pantries, kitchens, home offices, and furniture that enhances the home and elevates daily experiences. The team embraces a holistic approach, offering on-site measuring, collaborative design, custom millwork and production, professional installation, and after-sales services to ensure each distinctive need is met. Avenue Studio hosts over 50 product lines with a variety of classic, luxury, and modern design styles that amplify personal flair and deliver an optimal home furnishing experience. 

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The Rise of Boutique Living: What Sets Orion Astoria Apart in Queens’ Real Estate Market

photo credit Oleg Davidoff Photographer Co. 

Astoria, Queens, has long been celebrated for its vibrant community, diverse culture, and rich history, but it's now making waves in the luxury real estate market with the introduction of boutique residential buildings like Orion Astoria. As the demand for unique, high-end living spaces continues to grow, Orion Astoria emerges as a prime example of how modern design and intimate, community-focused living can come together in one of New York City's most desirable neighborhoods.

photo credit Oleg Davidoff Photographer Co. 

Orion Astoria, a newly constructed condominium on a leafy residential street, redefines boutique living with its meticulously designed one- and two-bedroom residences. Developed by local visionaries Konstandinos "Gus" Vorillas, Thomas Ballis, and Chris Giannikouros, this seven-unit building offers residents the best of both worlds: the upscale modernity of a luxury development and the privacy and charm of a smaller, more intimate residence. With features like private outdoor spaces, floor-to-ceiling windows, and state-of-the-art amenities, Orion Astoria sets a new standard for luxury living in Queens.

photo credit Oleg Davidoff Photographer Co. 

What truly sets Orion Astoria apart in the bustling Queens real estate market is its thoughtful approach to design and community integration. The building’s contemporary facade, designed by Harriet Nikakis of HCN Architects, combines elegance with durability, making a bold architectural statement while seamlessly blending into the surrounding streetscape. Inside, residents enjoy the latest in smart home technology, luxurious finishes, and an abundance of natural light, all while being steps away from the eclectic shops, parks, and acclaimed restaurants that make Astoria such a sought-after neighborhood.

photo credit Oleg Davidoff Photographer Co. 

As the trend toward boutique living gains momentum, Orion Astoria stands out not just for its design but for its commitment to fostering a sense of community among its residents. By offering the design sensibility of a larger building while maintaining the privacy and personal touch of a boutique residence, Orion Astoria is a testament to the evolving landscape of luxury real estate in Queens. Whether you're a first-time buyer or looking for a new home with a sense of community and modern amenities, Orion Astoria is setting the bar for what boutique living can be.

The Patrick Smith Team from Corcoran is exclusively handling sales.

photo credit Oleg Davidoff Photographer Co. 

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2024 Trends in NYC Luxury Real Estate

Luxury real estate in New York City is constantly evolving, and 2024 is no exception. The landscape of high-end properties is being shaped by a variety of trends that are exciting and innovative. As prospective buyers or current homeowners, understanding these trends can help us make informed decisions.

Innovative Architectural Designs and Smart Home Technology

Architectural designs in NYC luxury real estate are reaching new levels of creativity and innovation. We are seeing more properties incorporating unique and cutting-edge designs that combine both form and function. Curved lines, expansive glass walls, and open floor plans are all popular features that enhance the living experience. These designs not only look stunning but also create a sense of space and fluidity.

Another exciting trend is the rise of smart home technology in luxury homes. With smart home systems, we can control lighting, security, climate, and entertainment with just a few taps on our smartphones. These systems enhance convenience and security, making our homes more comfortable and efficient. Voice-activated assistants, smart thermostats, and automated lighting are some of the must-have features in modern luxury residences.

Moreover, technology extends beyond just the interior. Smart landscaping solutions, like automated irrigation systems and outdoor lighting, are becoming more common. Integrating these technologies into the architectural design ensures that every part of the home, both inside and out, is optimized for efficiency and ease of use. As smart home technology continues to evolve, it will likely become an even more integral part of NYC luxury real estate.

Sustainability and Eco-Friendly Features in Luxury Residences

Sustainability is a major trend in NYC luxury real estate for 2024. Many high-end properties now prioritize eco-friendly features that appeal to environmentally conscious buyers. Using sustainable materials and building techniques is a key focus, helping to reduce the environmental impact of construction.

Green roofs and walls are becoming popular because they provide insulation, reduce energy costs, and improve air quality. These features also add a touch of nature to the urban environment and create a visually appealing aesthetic. Additionally, energy-efficient windows, solar panels, and high-performance heating and cooling systems are being integrated into new luxury homes. These systems not only reduce our carbon footprint but also help lower utility bills.

Water conservation is another important aspect. Installing low-flow fixtures, rainwater harvesting systems, and native landscaping reduces water usage and supports a sustainable living environment. The move towards sustainability reflects a broader awareness of environmental issues and a commitment to responsible living. By incorporating these eco-friendly features, luxury residences in NYC are setting new standards for green living, making them attractive to buyers who value sustainability.

Rising Neighborhoods and Hotspots for High-End Buyers

In 2024, several neighborhoods in NYC are gaining attention as prime locations for luxury real estate. One such neighborhood is Hudson Yards. This newly developed area boasts state-of-the-art high-rises, shopping centers, and fine dining options. Its modern amenities and central location make it a top choice for high-end buyers.

Another hotspot is the Financial District. Once primarily a business district, it has transformed into a vibrant residential area. Luxury condos and penthouses with stunning views of the skyline and waterfront are attracting buyers looking for a blend of business and leisure. The area's development plans and proximity to major attractions add to its appeal.

Brooklyn's DUMBO (Down Under the Manhattan Bridge Overpass) is also becoming a desired area. Known for its artistic vibe and historic warehouses, DUMBO offers a unique mix of modern luxury and artistic charm. Many tech companies and startups have made it their home, bringing more amenities and services to the area and making it attractive for young professionals and families alike.

The Impact of Global Influences on NYC Luxury Real Estate

Global influences play a significant role in shaping NYC's luxury real estate market. Economic fluctuations, international buyer trends, and geopolitical events all impact demand and pricing. For example, international buyers, especially from countries like China and Russia, have historically invested heavily in NYC real estate. Changes in their home countries' economies can affect their ability and desire to invest abroad.

Moreover, currency exchange rates also influence international investments. A strong US dollar can make NYC properties more expensive for foreign buyers, potentially reducing demand. Conversely, a weaker dollar can attract more international investors looking for favorable deals.

Geopolitical events, such as trade agreements or conflicts, can impact the luxury real estate market as well. New policies or restrictions on foreign investments can either open up the market to new buyers or limit the influx of international capital. Understanding these global factors helps us anticipate shifts in the market and better navigate our real estate decisions.

Conclusion

Navigating the dynamic landscape of NYC luxury real estate in 2024 requires staying informed about new trends and influences. By understanding innovative architectural designs, smart home technology, and sustainability features, we can make savvy choices that align with modern living standards. Recognizing rising neighborhoods and the impact of global influences also equips us with the knowledge to make strategic decisions.

These trends are not just fleeting moments but reflections of broader changes in lifestyle, technology, and economic patterns. We can find the best opportunities and make our investments count as we explore these developments.

For more insights and expert advice on navigating NYC’s ever-changing real estate market, visit Off The MRKT. Our in-depth New York real estate blog will help you stay ahead in the luxury real estate game. Join us at Off The MRKT and make informed decisions for your future in this vibrant city.