Monthly Take - December 2020

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We have much to be grateful for this holiday season, especially with the end of the Covid-era in close sight. While a vaccine will not be in wide distribution for a few months, it is slated to begin in a few weeks and accelerate from there, with additional vaccines imminent. This is almost certain to expose us to a new reality: the Covid economy is now going to shift, and segments of the economy that were virtually in a coma will begin to awaken and soar! We have already seen signs of this re-awakening in the NYC real estate market with a 30% jump in the number of contracts signed for the month of October and inventory on the decline. This is the case in all price points, including the luxury market ($4M+) which was hardest hit but just had its highest number of weekly contracts signed since March. And, anecdotally, our buyers are telling us they want back in, as they truly miss living in the greatest city in the world. Although the holiday season will be very different this year, an end is near, and we are grateful to see the light at the end of the tunnel. Cheers to this holiday season; may we all enjoy the time with our families, and may life as we knew it, soon resume. One thing is certain, we are sure to enjoy it with a new level of appreciation! Social Links are not complete Read on to learn more about: New Development: 163 East 62nd Street Homemade Holiday Treats Your Celeb Real Estate Rundown Trending: BRIGHTEST “Safe” Holiday Excursions Update on the Luxury Market Our Listings Enjoy our Monthly Take! Stacey and Julie 163 East 62nd Street One of our f avorite New Developments 163 East 62nd Street is a new boutique condominium conveniently located between Lexington and 3rd Avenues. The charming building has 7 floors, with 10 completely bespoke residences. The units range from 2 to 4 bedrooms and offer top of the line appliances, central A/C, and washer/dryers in every home. We particularly love the oversized windows which allow for exceptional natural light! No detail has been overlooked - the history and old-world architecture of the neighborhood has been masterfully captured while still retaining modern sophistication. Amenities include a full-time doorman, state-of-the-art gym and communal roof terrace. Contact us for more information! Homemade Holiday Treats We love these festive recipes for the holiday season! Share the recipes with friends or family and host a baking zoom to make them simultaneously (cocktails permitted)! A "sweet" way to bring us together during the season, even if we can't be in person! Hot chocolate "bombs" are spheres of chocolate and marshmallow that melt when placed in warm milk. Pure deliciousness! RECIPE We love these adorable marshmallow dreidels! The pretzel handles are so creative. RECIPE What is better than a Christmas tree that you can eat?? The caramel garland is our favorite part! RECIPE Your Celeb Real Estate Rundown 20 East 10th just sold for $15.85M (SJP and Matthew Broderick sold it for over $18M in 2015) and the sale included Steven Harris’ plans to add a PH Level with a roof terrace, elevator, and full or partial basement amenity level with wine room, gym, treatment rooms, a theater & pool! The NYC pad of late Harry Potter star Alan Rickman (AKA "Severus Snape") is up for sale. The swank West Village loft on the top floor of the Gansevoort just listed for $1.69M. Side note... Alan Rickman's diaries are set to be published as a book in 2022! Trending: BRIGHTEST “Safe” Holiday Excursions (close to home!) The 2.5-mile drive-thru, Magic of Lights, brings breathtaking scenes to Jones Beach State Park. Don't miss the "Blizzard Tunnel", 240 feet of LED Christmas trees and displays based on themes like "The Night Before Christmas" and "Winter Wonderland." DETAILS If you are spending time out East this holiday season, you won't want to miss the Riverhead Holiday Light Show! Load the family in the car, put on your favorite holiday tunes, and drive through over a mile of festive, spirit lifting lights! DETAILS What a wonderful way to say GOODBYE to 2020, and welcome in 2021! LuminoCity is a magical experience for the whole family. Randall's Island is illuminated with breathtaking sculptures inspired by history, nature, and magic! DETAILS How is the Luxury Market? Residential Properties $4M and Above Please feel free to reach out for a more in-depth look at neighborhood-specific market trends and data. Which Kanbar Kopel Team Listing is your Favorite? Active 250 East 30th Street, Unit 11D 2 Bed | 2 Bath | $995,000 | Active 420 West 25th Street, Unit 2H 1 Bed | 2 Bath | $1,295,000 | Active 1100 Park Avenue, Unit 9C 4 Bed | 4 Bath | $4,995,000 | Active 21 South End Avenue, Unit 321/421 3 Bed | 3.5 Bath | $2,998,000 | Active 16 East 96th Street, Unit 4B 4 Bed | 3.5 Bath | $5,375,000 | Active 330 East 72nd Street, Unit 6 3 Bed | 3 Bath | $2,795,000 | Active Coming Soon 285 Riverside Drive, Unit 7A 3 Bed | 2.5 Bath | Coming Soon In Contract 144 East 84th Street, Unit 2E 1 Bed | 1 Bath | $699,999 | In Contract 11 Hoyt Street, Unit 10F 3 Bed | 2.5 Bath | In Contract Just Sold 315 East 65th Street, Unit 12F 3 Bed | 2 Bath | $1,400,000 | Sold 177 East 77th Street, Unit 8AB 4 Bed | 3 Bath | $2,975,000 | Sold 440 East 79th Street, Unit 15E 2 Bed | 2 Bath | $1,299,000 | Sold 203 East 72nd Street, Unit 14B 3 Bed | 2.5 Bath | $2,595,000 | Sold 90 William Street, Unit 2C 1 Bed | 2 Bath | $1,030,000 | Sold 56 Pine Street, Unit 14E 1 Bed | 1 Bath | $599,000 | Sold Just Rented 200 East 79th Street, Unit 3B 4 Bed | 4.5 Bath | $16,500 | Rented 1049 Park Avenue, Unit 12B 3 Bed | 3 Bath | $7,000 | Rented 11 East 92nd Street, Unit 3F/4FR 3 Bed | 3 Bath | $10,900 | Rented View All Team Listings © Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. marketingcenter-newyorkmetro-newyorkcity

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