With fifty percent of NYC adults at least partially vaccinated, and the city’s impending reopening on July 1st, companies are beginning to plan their way back into the office. The city's energy is clearly returning and this is already having a positive impact on the the luxury real estate market, which is supported by the latest in-contract data. Two weeks ago, 56 contracts of were signed, continuing a record-breaking 12 weeks of 30+ contracts signed in this luxury sector. The weekly average during the last peak years of 2016 and 2017 was 21 and 23, respectively. Last week marked the 4th week straight of 40 or more contracts signed at $4 million + This is an unprecedented number since being tracked beginning 2006!
In short, the city's recovery is in full swing and the bottom of the market is behind us.
Enjoy the gorgeous Spring weather and the reopening of the city. Please feel free to reach out to a member of our team if you would like to discuss the market in greater detail, or how we can be of help to you! |
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Read on to learn more about: New Dev: 378 West End Avenue Celebrity Real Estate Rundown Trending: IN and OUT Interior Design Trends Update on the Luxury Market Our Listings
Enjoy our Monthly Take! |
An exciting New Dev
on the UWS! |
The Upper West Side has added a timeless new addition to it's charming tree-lined streets and just moments from Riverside Park. 378 West End Ave which features a classical palazzo façade detailed in limestone, is offering homes with 1-6 bedrooms and 58 residences total. Designed by COOKFOX, and developed by Alchemy Properties, this new project is built for modern living with generous ceiling height, floor to ceiling windows and a light oak flooring. The open-concept design creates fluidity between the kitchen, dining and sitting areas. Many of 378 West End residences are also accompanied by private terraces for the indoor outdoor living experience.
This full service doorman building with 11,000 SF of amenities includes a private covered automobile drop-off area and garage, a squash court, basketball court, fitness center, 75 foot long pool, media room/lounge area, music room, reading room and garden terrace. Slated to be finished Q1/Q2 2022.
Contact us for any additional information! |
Pizza by-the-slice Roundup |
Who doesn’t love NYC pizza? Below are a few of our go-to spots for a great slice! |
Pasty's Pizza East Harlem Restauranteur Pasquale ‘Patsy’ opened Patsy's doors in 1933 and it remains in the same location today; a true NYC institution. Whether a whole pie, or just a slice, the classic cheese is not to be missed! |
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Upside Pizza Nolita
A welcome Newcomer to this hood-This pizzeria is Inspired by NYC in the ‘90s, when nothing mattered more than sports, hip hop and great pizza. Known for their variety of slices and baked in a classic Montague Hearth brick oven – “A new school take on an old school slice!” |
Champion Pizza Columbus Circle
Crisp, tasty, and available by the slice, this pizza joint is known for their "Grandma-style”; square shape with their signature thin crust. Other locations too: LES, Soho & Williamsburg (check out celeb photo-covered walls while you wait!) |
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Your Celeb Real Estate Rundown |
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Football star Rob Gronkowski aka “Gronk” is the new owner of a $7M condo in the tallest building in Hudson Yards, and also includes the Equinox Hotel, Club & Spa. Originally listed for $8.75M, Gronk snatched it up with a $1.75M price cut. The 2,562 SF condo has 3 bedrooms and 3.5 baths with both city and river views. |
Speaking of price cuts, billionaire Steve Cohen purchased his midtown Manhattan PH for $25M in 2005. Once listed for $115M in 2013, and after a succession of price cuts, he now finally has a deal in the works. The latest asking price was $29.5M for the 9,000 SF home with 5 beds and 11 baths. |
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Headlining comedian and actor Pete Davidson, is going back to his roots purchasing a $1.2M bachelor pad in Staten Island. The 1,592 SF 2 bed, 1.5 bath condo has a private terrace with sweeping city & waterfront views. |
IN and OUT
Interior Design Trends |
IN: Furniture with Round Edges OUT: Mirrored Furniture
Its safe to say that if you can see your reflection in your furniture, it's time for an upgrade. Say goodbye to your fragile, glassy furniture, and incorporate softer, more comfortable furniture to warm up your home.
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IN: Layering Old and New
The clean and modern look is no longer making the cut. Elevate your new home's design by adding personal touches, layering older items from around the world and adding character to a new or modern space.
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IN: Washing a Room in One Paint Color OUT: Accent Walls
Why have one wall stand out when you can make an entire room a statement? Painting an entire room awash in one color, trim and ceilings included, will give a sense of drama and depth to your space. |
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IN: Multi-functional Spaces OUT: Formal Separation of Spaces
With many now working from home, utilizing every square foot of your space is a must. Formal dining areas are now serving more than just food- sometimes they even become a play space or office. The more uses for a space the better! |
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How is the Luxury Market?
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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? |
Studio | 1 Bath | $640,000 | In Contract
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2 Bed | 2 Bath | $1,345,000 | Sold
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© Compass 2021 ¦ 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.
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