Eileen Foy Joins Compass from Douglas Elliman

Eileen Foy

Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), a leading tech-enabled real estate services company that includes the largest residential real estate brokerage in the United States by sales volume, announces that Eileen Foy, formerly from Douglas Elliman, joined Compass with her team of three. Throughout Eileen’s 30 years of sales experience where she amassed an estimated $1B in lifetime sales volume, she has been the recipient of numerous awards such as the Pinnacle Award at Douglas Elliman from 2014-2023, the Legend Award at Douglas Elliman, and recognized as amongst Wall Street Journal’s Top 250 Agents in America.

“I am grateful for the experience I’ve had at Douglas Elliman and the support I received during my time there,” said Foy. “However, after recognizing how intuitive and innovative Compass’ technology is, I felt that in order to serve our clients best, it was time to make the switch. This decision is all about ensuring we continue to provide the best possible service for both our clients and myself.”

The Eileen Foy Team, made up of two additional members alongside Eileen, will continue to serve a diverse range of clients, focusing on the Upper East Side, Midtown, Chelsea, the West Village, and the Upper West Side. The team prides itself on its versatility, comfortably assisting everyone from first-time buyers to those seeking pied-á-terres or purchasing a prized townhouse or penthouse.

“Eileen's dedication to her clients is unparalleled, and she understands how emotional the home-buying process can be,” said Tristate Vice President Gordon Golub. “With Compass' technology and specifically with Compass One, we're excited that she’ll be able to spend even more time focusing on what matters most to her clients."

Before Foy became the award-winning Manhattan broker she is, achieving accolades such as one of Real Trends’ Best Real Estate Agents in America from 2014-2023, she established her real estate career in Southampton. Notably, Foy repped the purchaser for the sale of the Zaha Hadid penthouse at 520 West 28th Street for $20.2M and a record breaking sale at 50 Charles Street 14A at $15M.

Currently, Foy has 20 active listings available through Compass, spanning from the Upper East Side to the Upper West side. 

Foy joins on the heels of Compass recently announcing Compass One, the only platform designed to connect the client and agent through every phase of their real estate journey and experience, 24/7 transparency before, during, and after the transaction

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Why Homeowners Are Choosing to Renovate Instead of Buy Amid Rising Costs and High Interest Rates

By Eli Moyal, COO & Founder, Chapter

In today’s economic climate, the American dream of homeownership is evolving. High mortgage rates, inflation, and shifting consumer priorities have led homeowners to rethink their housing choices. Instead of entering an uncertain and expensive real estate market, many are opting to invest in renovations, transforming their current homes into dream spaces. 

As the founder of Chapter, a full-service design-build firm, I continue to witness firsthand how these market dynamics are reshaping home improvement trends. Most significantly, our team has noticed a major shift in business over the past three years. We now handle hundreds of projects annually, and most of our work has shifted from customers who purchased new homes to those renovating existing ones.

The Economic Drivers Behind Renovation Growth

The real estate market is experiencing a slowdown as potential buyers hesitate in the face of rising mortgage rates. With 30-year fixed mortgage rates expected to average 6.8% in 2025 according to a report from Fannie Mae, homeowners are reluctant to trade their existing lower rates for significantly higher borrowing costs. This “lock-in effect” is one of the most significant reasons why homeowners are staying put and choosing to renovate rather than buy.

Additionally, recent economic data from The Bureau of Economic Analysis highlights a rise in personal income, with a $221.9 billion (0.9%) increase in January 2025. Disposable personal income also grew by $194.3 billion (0.9%), while personal saving reached $1.01 trillion, reflecting a 4.6% saving rate. This increase in disposable income and savings provides homeowners with greater financial flexibility to invest in renovations rather than buying a new home.

Shifting Lifestyles and Priorities

Beyond financial factors, changing lifestyle needs are also fueling the renovation boom. For example, the rise of remote work has made home offices a necessity, while multi-generational living is driving demand for home expansions. Homeowners are prioritizing functionality and aesthetics, ensuring their living spaces align with their evolving lifestyles.

Furthermore, homeowners no longer see renovations as just cosmetic upgrades, but as strategic enhancements tailored to their long-term needs. From our experience, some of the most popular renovation projects include kitchen renovations, bathroom upgrades, home expansions, outdoor living improvements, and energy efficient renovations. These trends underscore the shift in consumer preferences for modernized functionality of what might otherwise be outdated living spaces.

A Bright Future for Renovation

While inflation and material costs remain key considerations, home improvement spending is projected to grow steadily. The total home improvement products market growth is expected to reach 3.9% in 2025 according to The Home Improvement Research Institute, while the Harvard University Joint Center for Housing Studies’ latest Leading Indicator of Remodeling Activity shared that annual expenditures on home renovation and maintenance are forecasted to increase by 1.2% through 2025. This represents a significant rebound from the slight decline projected for 2024, indicating a more optimistic outlook for the home improvement industry this year.

With the Federal Reserve expected to lower interest rates in the coming years, additional tailwinds may further bolster the renovation market. However, homeowners must continue weighing their financial circumstances and long-term goals when deciding whether to renovate or move.

What’s Next

As housing market challenges persist, the decision to renovate rather than relocate has become the preferred choice for many. High mortgage rates, rising home equity, and shifting lifestyle needs are all contributing to this transformation. At Chapter, we’re committed to redefining the home renovation experience by combining superior craftsmanship with cutting-edge technology, ensuring our clients achieve their dream homes without the need for a costly move.

By embracing renovation, homeowners can unlock the full potential of their current spaces—creating functional, stylish, and future-proofed homes that align with their evolving needs. As this trend continues to gain momentum, one thing is clear: if you’re considering home improvements, now’s a great time to make it happen.

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How to Maximize Natural Light in Your NYC Apartment

Living in a New York City apartment often means finding clever solutions to brighten up cozy spaces. Maximizing natural light not only enhances your home's atmosphere but also creates a more inviting and lively environment. Whether you're in a bustling neighborhood or nestled in a quieter spot, taking full advantage of daylight can transform your living space.

Assessing Your Apartment's Current Light Sources

Understanding how natural light enters your apartment is the first step to making the most of it. Begin by identifying where the light comes in and how it shifts throughout the day. Notice which rooms get the morning sun and which bask in the afternoon glow, as this knowledge helps you plan effectively for lighting adjustments and decor placement.

Identify any obstacles that may block or dim the natural light. Heavy furniture or tall plants near windows can prevent light from filling the room, and this can be easily remedied by rearranging or relocating items. Additionally, check if the exterior of your building, such as nearby buildings or structures, affects the light coming in.

Evaluate your window treatments to see if they help or hinder light flow. Thick curtains or blinds may absorb light, while lighter fabrics allow it to pass through, brightening the room. Consider swapping out heavy drapes for sheer curtains to enhance the natural brightness. Adjusting blinds to direct light upwards can also prevent glare while still illuminating the space.

Smart Use of Mirrors and Reflective Surfaces

Mirrors and reflective surfaces can dramatically enhance the distribution of light in your apartment. Strategic placement allows them to catch and bounce light throughout the room, making spaces feel larger and more open. Mirrors act as secondary windows by reflecting both natural and artificial light.

Consider positioning mirrors opposite windows to maximize sunlight reflection. This placement helps spread light further into the room. Additionally, placing mirrors in hallways or darker corners can brighten up shadowy areas. Reflective surfaces on furniture, such as glass or polished metal, can also add to the overall brightness.

When selecting reflective items, choose surfaces that complement your existing decor while boosting light. Mirrored furniture or decor items with metallic finishes not only look stylish but also serve the purpose of enhancing light flow. With these tips, you can use mirrors and reflective surfaces to optimize lighting without adding new sources, which efficiently brightens your apartment.

Choosing the Right Colors and Materials

Choosing the right colors and materials can dramatically enhance the light in your apartment. Using light-colored paints on walls and ceilings helps reflect sunlight, making spaces feel open and airy. Soft whites, creams, and pastels work well to brighten a room and are particularly effective in smaller areas that may otherwise appear cramped. Pairing these colors with the right finishes can further enhance the light impact.

Materials that enhance light include glass and sheer fabrics which are excellent choices for adding more brightness. Glass tabletops and accessories keep light bouncing around a room without adding visual weight. Sheer curtains allow natural light to filter in while maintaining privacy, giving your home a warm glow. Incorporating metallic accents like brass or chrome can also amplify the brightness, adding a bit of sparkle to your space.

Make simple swaps to maximize light exposure. Replace heavy drapes with lighter, airy fabrics, and think about swapping out dark wood for lighter alternatives. Rugs in light tones can also help reflect light across the floors, creating an inviting and luminous environment. Simple changes in color and material selection can make a noticeable difference in your apartment’s ambiance.

Minimalist Decor Techniques to Allow Light Flow

Embracing minimalist decor can help maximize light flow throughout your apartment. Start by decluttering your space to remove any objects that block natural light. Keeping surfaces clear and using fewer pieces of furniture can open up pathways for light to move freely from room to room. This allows sunlight to reach every corner, making spaces feel larger and more welcoming.

Consider arranging furniture to enhance light distribution. Position seating and beds away from windows to let light pour in uninterrupted. Use low-profile furniture that doesn’t obstruct views or block light sources. Choose open shelving in place of bulky cabinets to maintain a sense of spaciousness while still offering storage solutions.

Invest in multi-functional furniture to help open up spaces. Pieces that serve more than one purpose, like storage ottomans or extendable tables, reduce clutter and keep areas sleek and tidy. Folding or transparent furniture adds functionality without crowding the room, ensuring that light flows unhindered. By incorporating minimalistic techniques, you can optimize your living environment to be bright and inviting.

Conclusion

Making the most of natural light in your apartment creates a warm and welcoming atmosphere. From selecting the right colors and materials to using minimalist decor techniques, each step contributes to a more open, bright, and comfortable living space. Whether you're rearranging furniture or choosing reflective surfaces, these changes not only enhance the flow of light but also uplift your home's ambiance.

Explore new ways to optimize your living space and let Off The MRKT guide you in finding an apartment that meets your lifestyle needs. Our expertise in the NYC real estate market and lifestyle ensures you have access to homes filled with potential and possibilities. Visit our website to discover how we can help you find a space that perfectly balances light and style in the bustling heart of NYC.

Inside the Gilded Age: Where to Sip Like a Socialite in New York City

New York’s Gilded Age was a time of unbridled opulence, where high society waltzed through extravagant ballrooms, toasted with the finest champagne, and gathered in salons dripping with gold. While the era of Astors and Vanderbilts may be long gone, its spirit lingers in the city’s most refined spaces, offering a glimpse into the grandeur of a bygone age. The Gold Room at Lotte New York Palace is one such place, seamlessly blending historic elegance with modern luxury. Nestled within the Villard Mansion, this breathtaking cocktail lounge transports guests to the late 19th century with its original gilded ceilings, Renaissance-style architecture, and the kind of ambiance that makes every sip feel like a toast to old New York.

At the heart of its allure is a cocktail menu inspired by the icons of the era, including the Mrs. Astor Cocktail, a tribute to socialite Caroline Astor, known for shaping high society’s most exclusive guest lists. The Art of the Martini menu pays homage to the timeless sophistication of the drink, offering variations crafted with everything from classic gin and vodka to tequila and soju, a nod to Lotte’s Korean heritage. Pair these with indulgent small plates like black truffle frites or lobster mac and cheese, and suddenly, the past doesn’t seem so distant.

For those looking to step further into the world of the Gilded Age, the city offers plenty of opportunities to embrace its grandeur. The Morgan Library & Museum, once the private retreat of financier J.P. Morgan, remains one of the most exquisite interiors in New York, while the opulent halls of The Met’s period rooms transport visitors to the drawing rooms of the elite. But if you’re looking for an evening of true indulgence, where history meets contemporary sophistication, an evening at The Gold Room might just be the closest thing to stepping into the pages of The Age of Innocence.

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The Rise of Boutique Luxury: South Florida’s Exclusive Condo Developments Redefining Waterfront Living

South Florida’s luxury real estate market is undergoing a transformation. While high-rise branded towers have long defined the region’s skyline, today’s buyers are gravitating toward boutique developments that offer a more exclusive, private, and highly curated residential experience. This movement is reshaping Miami and Palm Beach, with intimate, design-forward properties that blend the best of waterfront living with personalized luxury and seamless indoor-outdoor spaces.

Alba Palm Beach is redefining waterfront luxury on the shores of West Palm Beach’s serene Intracoastal Waterway. With just 55 residences, Alba offers a boutique retreat with private boat slips, floor-to-ceiling windows that frame unobstructed water views, and amenities designed for effortless living. Italian-designed kitchens by Italkraft, premium SubZero and Wolf appliances, and turnkey furniture packages by Artefacto set a new standard for design. The development’s lifestyle offerings include sunrise and sunset pools, a state-of-the-art wellness center, a multi-sport simulator, and a spa with steam and sauna rooms. Exclusive memberships to the Palm Beach Yacht Club and Mount Sinai’s Concierge Medicine program add an extra layer of refinement.

The Lincoln in Coconut Grove brings a boutique collection of 48 residences to one of Miami’s most historic and walkable neighborhoods. Designed to reflect the charm of Coconut Grove while offering a contemporary take on luxury living, the property features one- to four-bedroom residences ranging from 1,227 to 2,983 square feet. Interiors are outfitted with Italian kitchens by Snaidero, Miele appliances, and sleek Brizo plumbing fixtures, with select residences boasting soaring double-height ceilings. The development’s penthouses offer expansive views of Biscayne Bay, Coral Gables, and Brickell. A curated suite of amenities includes a rooftop pool deck with private cabanas, a wellness center with steam and sauna rooms, a yoga pavilion, and a sophisticated residents’ lounge.

Surf Row Residences in Surfside offers an intimate enclave of 25 luxury condominium homes just steps from the ocean. Designed to capture the essence of coastal living, the residences are a blend of sophisticated architecture and laid-back elegance. Each home is crafted for seamless indoor-outdoor living, with high-end kitchens, spa-inspired bathrooms, and private rooftop terraces featuring plunge pools and summer kitchens. With more than 6,400 square feet of resort-style amenities, Surf Row delivers a tranquil escape while remaining minutes from the energy of Miami’s cultural and business districts. A collaboration with Restoration Hardware further enhances the interiors, while buyers have the option of fully furnished residence packages curated by RH.

As South Florida continues to attract discerning buyers, these boutique developments represent the future of high-end living. The shift toward intimate-scale residences that prioritize design, exclusivity, and an authentic connection to their surroundings is redefining what it means to own a luxury home in one of the world’s most coveted destinations.

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Best NYC Neighborhoods for Artists and Creatives

New York City has always been a beacon for artists and creatives, offering a vibrant tapestry of culture, innovation, and inspiration. The city's neighborhoods each have their own unique flair, catering to those who seek a community where creativity thrives. From the eclectic streets of Brooklyn to the historically rich Lower East Side, NYC's diverse neighborhoods provide the perfect backdrop for creative expression.

Artists from all over the world flock to the city to immerse themselves in its dynamic art scene and find spaces that inspire their work. Whether it's the engaging street art of Bushwick or the creative hubs popping up in Long Island City, every area has something special to offer. Finding the right neighborhood is essential for artists looking to connect, collaborate, and grow. In this article, we'll explore some of NYC’s best neighborhoods that ignite the creative spirit.

Williamsburg: The Artistic Hub of Brooklyn

Williamsburg is widely embraced as an artistic hub, attracting artists from all over the world. This Brooklyn neighborhood bursts with creativity, featuring an impressive range of art galleries, experimental theaters, and live music venues. Places like the Brooklyn Art Library and the Williamsburg Art & Historical Center showcase imaginative works and host events that draw crowds looking for fresh inspiration.

The community in Williamsburg reflects a diverse and bustling artistic scene. Artists and creators gather regularly in local cafes and collaborative spaces, fostering a vibrant atmosphere. Whether it's an art critique at a shared studio or an impromptu performance in McCarren Park, the sense of community spirit is palpable. This neighborhood supports both seasoned artists and emerging talents, creating a sense of belonging.

Living spaces here cater to the creative lifestyle, offering uniquely designed apartments and lofts. Many buildings feature open floor plans with ample natural light, perfect for art studios. Converted warehouses provide expansive spaces for both living and working, accommodating various creative needs. Williamsburg offers a seamless blend of work and play, making it a prime location for artists seeking an inspiring environment.

Bushwick's Eccentric Energy

Bushwick shines with its unmatched eccentric energy, making it a magnet for creatives. The neighborhood's streets are adorned with vibrant murals and graffiti, turning everyday walks into art tours. Street art dominates the local landscape, reflecting a dynamic and ever-evolving creative vibe that captivates the senses. This open-air gallery inspires a steady influx of new talent eager to make their mark.

Bushwick hosts a wide array of venues that encourage artistic collaboration and events. The House of Yes stands out with its eclectic performances and immersive experiences, offering a platform for experimental art forms. Other spaces, like The Bushwick Starr, focus on avant-garde theater and innovative performances. These venues are crucial for building connections and showcasing new ideas.

For artists seeking affordable spaces, Bushwick provides budget-friendly apartments and lofts. The area's industrial past has left a wealth of large, adaptable spaces perfect for artist studios. Many buildings offer live-work options that blend home with creative pursuits seamlessly. This affordability, combined with a rich artistic spirit, makes Bushwick a compelling choice for artists looking to thrive.

Lower East Side: A Historical Haven for Creatives

The Lower East Side is steeped in history and boasts a vibrant arts scene that continues to attract creatives. Known for its bohemian past, this neighborhood has long been a haven for artists seeking inspiration and community. The area's unique blend of cultural influences is evident in its architecture and street life, offering artists a rich tapestry of experiences.

The Lower East Side is home to numerous cultural institutions and art centers that nurture creative talent. The New Museum on the Bowery features cutting-edge contemporary art, while the Tenement Museum offers historical insights that spark the imagination. Numerous galleries, like the LES Artistes Collective, provide platforms for emerging and established artists to display their work.

Living spaces in the Lower East Side are as eclectic as the neighborhood itself. Artists can find charming apartments in historic buildings, offering a cozy retreat for creative pursuits. Many lofts and shared spaces in converted factories provide the room and flexibility needed for larger projects. The area's rich history and cultural diversity make it an inspiring place for artists to live and work.

Long Island City: A Growing Creative Community

Long Island City has emerged as a thriving creative community, drawing art enthusiasts and practitioners alike. The transformation of this Queens neighborhood into an art haven has been remarkable, driven by affordable rents and a supportive local government that encourages creative endeavors. Its proximity to Manhattan makes it a perfect choice for those wanting easy access to the city's cultural hubs.

The neighborhood boasts numerous art studios and cultural attractions. MoMA PS1 is a standout destination, offering thought-provoking contemporary art exhibitions. The SculptureCenter is another gem, showcasing innovative sculptures and installations. These venues, along with smaller galleries peppered throughout the area, provide ample opportunities for artists to engage with their peers and cultivate inspiration.

Long Island City offers modern living spaces designed with artists in mind. Adaptive studio apartments and new constructions reflect the neighborhood's industrial roots while prioritizing comfort and style. The blend of work-live environments, coupled with the vibrant art scene, makes Long Island City a top destination for creatives seeking a community that's both supportive and dynamic.

Conclusion

New York City is a melting pot for artistic expression, offering neighborhoods that cater to the diverse needs of artists and creatives. Whether you're drawn to Williamsburg's energetic art scene, the bold street art of Bushwick, the historically rich Lower East Side, or the burgeoning community in Long Island City, NYC has something to fuel every artistic soul. Each area provides a unique set of opportunities, from collaborative spaces to inspirational living environments, making it possible for artists to thrive.

Explore the neighborhoods that resonate with your creative vision and discover where you feel most inspired to create. Let Off The MRKT help you find the perfect New York lifestyle in this city, where you never sleep. Discover living spaces that not only accommodate but actively nourish your creative pursuits. Contact us to learn more about how we can assist you in finding your ideal neighborhood in NYC.

Ellis Bachman Joins Brown Harris Stevens, Expanding His Luxury Real Estate Reach in Miami and New York

Ellis Bachman Photo Credit: Brown Harris Stevens

Ellis Bachman, a powerhouse in luxury real estate with more than $500 million in sales, has joined Brown Harris Stevens, further cementing his influence in both the Miami and New York markets. With an extensive track record in resales and new development, Bachman has consistently delivered record-breaking results, making him a natural fit for the premier brokerage. Previously with Douglas Elliman, where he earned the title of 2023 Rising Star, Bachman has led the sales of high-profile developments, including 64 University Place and 250 East 21st Street, both of which achieved full asking price despite challenging market conditions.

Brown Harris Stevens, renowned for holding the highest average sales price per agent in the country, welcomed Bachman as a key addition to its elite team. CEO Bess Freedman praised his expertise, creativity, and deep market knowledge, noting that his dual licensure in New York and Florida makes him an invaluable asset. With a career built on strategic marketing, innovative sales techniques, and an ability to navigate competitive landscapes, Bachman’s transition to Brown Harris Stevens represents an exciting new chapter for both him and the firm’s luxury clientele.

Reflecting on his move, Bachman emphasized his commitment to providing exceptional service while working with a brokerage known for its legacy of excellence. Splitting his time between New York’s Greenwich Village and Fire Island Pines and his new home in Miami Beach, he brings a unique perspective to both markets, understanding the needs of buyers and sellers across two of the country’s most sought-after locations. As he embarks on this next stage, his presence at Brown Harris Stevens is poised to further elevate the firm’s stronghold in the world of high-end real estate.

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