Real estate is a long game, sometimes renovations need to be, too

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By Louise Phillips Forbes, Brown Harris Stevens

In today’s real estate market, the perfect property isn’t always move-in ready. 

Buyers who are able to recognize short-term opportunities and long-term potential will understand that the true value of a property often lies beneath its current condition. The key is to look beyond immediate challenges and focus on the long-term rewards. 

When taking on a renovation, it is important to differentiate between and then prioritize the must-dos and the would-be-nice-to-dos. Deciding this early on—and sticking with the plan—helps ensure that work is done efficiently and within budget, while still keeping an eye on the bigger picture. 

I experienced this firsthand in 1993 when I toured an apartment with a client. The property needed, well, everything, and the project was much more than my clients would consider taking on. But I saw a diamond in the rough. At the time, I was relatively new to New York City, single, and eager to establish roots in the city that I had quickly fallen in love with. 

Purchasing the apartment was the greatest gift I could have ever given myself—it was a testament to my independence and tangible recognition of my own self-worth. I staged the renovation over the course of several years, with each item checked off the list reinforcing the rewards of patience, perseverance, and sweat equity. The apartment not only became my home, but it also became the foundation for my future. Years later, I met my husband, and as our family grew, we were fortunate enough to purchase the apartment upstairs, allowing us to expand and reimagine our space.

Whether you’re planning to complete the work all at once or tackle it in stages, it’s important to carefully select the right professionals—an architect, a general contractor, or a real estate agent—who share your vision and can help make sense of the moving pieces. 

It is also important to consider the cause and effect of factors like the cost of labor and materials that can change over time and how shifting construction codes, building policies, and governmental actions can impact the overall scope. For example, in 2019, I helped a client renovate a 2,700 square foot investment property for a cost of $430,000. Fast forward to this fall, the client completed the same exact renovation for $815,000.

Renovating a home can be incredibly rewarding, but it requires careful planning, strategic decision-making, and the ability to adapt to an ever-changing market. With the right mindset and the right team of professionals, a property that may appear to be a fixer-upper today can evolve into the home of your dreams tomorrow.

Louise Phillips Forbes is a top producing agent at Brown Harris Stevens and a 34-year industry leader with nearly $6 billion in sales and a list of awards to her credit.

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Best Apartment Gym Amenities in NYC

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Living in New York City means embracing a lifestyle that combines convenience with luxury. Apartment gyms are an essential part of this equation, offering residents cutting-edge facilities right at their doorstep. As more people prioritize health and wellness, having access to fantastic gym amenities has become a crucial factor in choosing where to live.

From advanced fitness equipment to specialized classes, NYC apartments are raising the bar on what it means to work out at home. These amenities not only make health routines more achievable but also enhance the overall quality of life. Imagine finishing a long day of work and finding not just a gym but a wellness retreat within your own building.

As we delve into the best gym amenities around, let's see how they transform the way New Yorkers approach fitness and relaxation.

State-of-the-Art Equipment

New York City apartments are stepping up their game with state-of-the-art gym equipment, ensuring residents have access to the best tools for their fitness routines. Modern gyms within these complexes often include smart training machines that adjust resistance automatically, interactive treadmills with virtual courses, and multi-functional weight stations for complete workouts. This cutting-edge technology offers precise and personalized fitness experiences that suit all levels of exercise enthusiasts.

One of the biggest benefits of having advanced fitness equipment at home is the sheer convenience. Forget traveling to the gym or waiting in line for machines; residents can simply walk down a few floors to get their daily dose of exercise. This access saves time and helps maintain consistency in workout routines. Plus, having these facilities readily available encourages more frequent exercise, supporting healthier lifestyles.

Popular brands like Peloton, Life Fitness, and Technogym feature prominently in these apartment gyms. They offer a range of machinery, including bikes, ellipticals, and rowing machines, each equipped with the latest in fitness technology. These brands are known for their durability and innovative designs, which provide users with a seamless workout experience, motivating them to stay on track with their fitness goals.

Specialized Fitness Classes

Apartment gyms in NYC typically offer a variety of specialized fitness classes that cater to diverse interests and skill levels. Residents can choose from yoga sessions that promote flexibility and mindfulness, intense HIIT workouts designed to boost metabolism, or soothing Pilates classes that focus on core strength and posture. These classes are led by experienced trainers who provide personalized attention to help residents achieve the best results.

The convenience of accessing specialized trainers right within the complex is a significant advantage. Residents don't need to worry about commuting to different gyms for their favorite classes. This setup means less time spent traveling and more time for actual workout sessions. Additionally, having access to skilled trainers ensures that residents perform exercises correctly, minimizing the risk of injuries and enhancing overall effectiveness.

These fitness classes are particularly important for busy urban lifestyles. They offer structured programs that fit seamlessly into a hectic schedule, providing both physical and mental benefits. Participants can socialize with neighbors, building a sense of community while working towards their health goals. The diverse range of classes also adds variety to workouts, keeping them interesting and engaging, which is crucial for maintaining motivation over time.

Wellness and Recovery Amenities

Wellness and recovery features are becoming essential components of apartment gyms in NYC, offering residents a holistic approach to fitness and health. Many luxury apartment complexes now include amenities such as saunas, steam rooms, and massage chairs. These facilities provide a soothing environment for relaxation after an intense workout and help speed up body recovery by reducing muscle tension and boosting circulation.

Including these amenities transforms a typical fitness routine into a comprehensive wellness experience. Saunas and steam rooms are particularly effective in relaxing muscles and detoxifying the skin, while massage chairs offer targeted relief and relaxation. These features promote overall well-being and are a significant draw for residents seeking a balance between their workout and recovery processes.

Holistic health approaches are gaining traction in apartment gyms, integrating mental and physical wellness into the fabric of everyday life. By incorporating recovery areas, these spaces encourage residents to focus on more than just physical fitness, offering a complete wellness package that supports a healthier lifestyle. This integration naturally enhances the attraction of residential spaces for potential renters looking for more than just a place to live.

Community and Social Spaces

Social spaces within apartment gyms play a vital role in fostering a sense of community among residents. These areas offer more than just a place to exercise; they become venues where people can connect, share experiences, and build friendships. Amenities like juice bars and comfortable lounges create welcoming environments for residents to gather and relax post-workout, further strengthening community bonds.

One of the significant perks of having these communal spaces is the potential for hosting community-oriented fitness events. These events could include group workout challenges, wellness seminars, or even social mixers that encourage residents to engage with one another. Such activities can enhance the sense of belonging in a large apartment complex, making it feel more like a supportive and interactive neighborhood.

Having available social spaces and planned events can significantly impact residents' experience by promoting a healthy, active, and socially enriching lifestyle. This community-focused approach supports not just individual well-being but also creates a more connected living environment where residents feel valued and involved in shared experiences.

Conclusion

Apartment gyms in NYC are redefining fitness and wellness within residential communities. They offer cutting-edge equipment, access to specialized classes, wellness facilities for recovery, and vibrant social spaces. These amenities transform everyday fitness routines into holistic experiences that enrich residents' lives. Apartments equipped with such exceptional gym amenities are highly sought after, providing convenience, fostering community, and enhancing overall quality of life for all who call NYC home.

Interested in finding a place that meets your fitness and wellness goals? Let Off The MRKT guide you to the best smart apartment gyms in NYC. Explore our listings to discover homes that not only offer luxury living but also elevate your lifestyle with top-tier amenities and a strong sense of community!

Eileen Foy Joins Compass from Douglas Elliman

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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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How to Maximize Natural Light in Your NYC Apartment

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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.