Monthly Take - May 2024

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MAY 2024 MANHATTAN MONTHLY TAKE

NYC Residential Building Green Initiatives Explained LOCAL LAW 33 & Local Law 95: Building Energy Efficiency Ratings ✦ Started in October 2020 ✦ Requires buildings to publicly display an Efficiency Rating grade ✦ Energy Star Ratings measure energy and water consumption LOCAL LAW 97: Building Carbon Emissions ✦ Started in 2019 ✦ Caps the amount of annual greenhouse gas emissions ✦ Emissions caps will be further reduced in 2030 ✦ A carbon footprint measures total energy use across all fuel types

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Read on and get our MAY TAKE: ✦ New Development: 211 West 84th Street ✦ Food News: NEW UES Restaurants for Spring ✦ Celeb Real Estate Buzz ✦ NYC Home & Lifestyle Trends: Dog Groomers We LOVE Let's talk soon! Stacey and Julie New Development

The Surrey Residences 20 East 76th Street

✦ Developer: Reuben Brothers ✦ Architect: BKSK ✦ Designed by Martin Brudnizki Studios ✦ Food and beverage by Casa Tua ✦ Sweeping city and Central Park views ✦ 14 total residences ✦ Apartments on floors 10 - 16 ✦ 2 bedrooms and 3 bedrooms plus 2 penthouses ✦ Combinations are possible on select floors ✦ Prices starting at $8,250,000 NEW UES Restaurants NEW dining spots just in time for Spring!

✦ abcV at The Mark Hotel: The iconic Jean-Georges plant based destination is now at The Mark for Spring and Summer. Must try items are the green chickpea hummus, king oyster mushrooms with cashew, and the roasted cauliflower with turmeric tahini, za’atar, date molasses, red zhug, and pistachio. Madison Avenue at 77th Street ✦ Rafael Hasid (owner of Israeli/Mediterranean spot Miriam): will open a new restaurant concept in the former Caffe dei Fiori. The menu will feature favorites from Miriam’s such as Green Shakshuka and Lamb Shawarma but with a twist. The opening will be in June, a perfect time to enjoy the covered outdoor patio. 973 Lexington Avenue (btwn 70th and 71st) ✦ Amarena: Chef Julian Medina and restaurateur Louis Skibar, the partners behind Mexican hotspots Toloache and El Fish Marisqueria have opened an Italian restaurant inspired by dishes from Rome. 151 East 82nd Street (btwn Lexington and Third Avenue) Celeb Real Estate Rundown

✦ Robert Herjavec, CEO and former Shark Tank judge, LISTS 157 West 57th Street #86, for $38.5MM: The 6,240-square-foot, full floor condo has floor-to-ceiling walls of glass with unprecedented 360-degree panoramic vistas of Central Park. Materials, finishes and furnishings are bespoke and top-of-the-line. ✦ Monte Lipman, CEO of Republic Records, BUYS 812 Fifth Avenue, Apt. 301 for $4.39MM: The “classic seven,” once owned by hotelier Howard Johnson, has Central Park views, a formal dining room, a windowed eat-in kitchen, and a library. ✦ Jennifer Lopez, IN CONTRACT The Whitman PH, last ask $20.1MM: This six-story mansion is home to only four residents including Chelsea Clinton. The home has 6,540 square feet, 4 BD, 6.5 BA and 3,000 additional square feet of outdoor space. Dog Groomers We LOVE on the UES!

✦ Urban Woof: You can schedule a same day impromptu bath, and they offer day care too! 314 East 78th Street (btwn 1st & 2nd Avenue) ✦ Funny Pets NYC: This hidden gem is staffed by expert groomers Larissa and Natasha. 512 East 80th Street (btwn York and East End) ✦ Canine Styles: Great grooming, gifts and the best of everything for your royal canine. 1195 Lexington (btwn 81st and 82nd)

How is the Luxury Market YTD? Residential Properties $4MM and above Source: Olshan Report

Co-op 2024: 84 2023: 97 Condo 2024: 288 2023: 295 Condop 2024: 5 2023: 9 Townhouse 2024: 54 2023: 47 Total Contracts 2024: 431 2023: 448 Avg. Price Reduction 2024: 9.6% 2023: 7.9% Avg. Days On Market 2024: 672 2023: 609

Which Kanbar Kopel Team Listing is your Favorite?

Featured Active Listings 4 East 77th Street Neo-Renaissance Townhouse (just off Fifth Avenue) 25' Wide | 5 Stories plus Cellar | $17,995,000 | Active

50 Bridge Park Drive, Apt. 8A 4 BD | 4 BA | $4,250,000 | Active

205 East 63rd Street, Apt. PHA 2 BD | 2 BA | $895,000 | Active

Featured In Contract

11 Hoyt Street, Apt. 53K 2 BD | 2 BA | $2,060,000 | In Contract

91 Central Park West, Apt. 12E 2 BD | 2 BA | $2,425,000 | In Contract 74 West 68th Street, Apt. 9D 1 BD | 1 BA | $685,000 | In Contract

300 West 145th Street, Apt. 3J 2 BD | 2 BA | $675,000 | In Contract 205 East 63rd Street, Apt. 4E 1 BD | 1 BA | $299,000 | In Contract

Featured Transactions 944 Park Avenue, Apt. 12 3 BD | 5 BA | $30,000 | Rented 145 East 84th Street, Apt. 11DEFG 6 BD | 6 BA | $4,975,000 | Sold 325 West End Avenue, Apt. 4A 4 BD | 4 BA | $3,712,500 | Sold 33 East 70th Street, Apt. 10/11D 8 BD | 7 BA | Sold 433 East 74th Street, Apt. 3AB/4B 6 BD | 6 BA | Sold

1100 Park Avenue, Apt. 9C 4 BD | 4 BA | $4,850,000 | Sold 14 East 90th Street, Apt. 9D 3 BD | 3 BA | $3,547,500 | Sold

47 East 88th Street, Apt. 15C 2 BD | 3 BA | $1,900,000 | Sold 40 East 84th Street, Apt. 16A 1 BD | 2 BA | $1,570,000 | Sold

360 East 72nd Street, Apt. B1501 2 BD | 2 BA | $1,550,000 | Sold 1623 3rd Avenue, Apt. 39K 2 BD | 2 BA | $1,490,000 | Sold

150 East 77th Street, Apt. 6F 2 BD | 2 BA | $1,425,000 | Sold 440 East 79th Street, Apt. 15E 2 BD | 2 BA | $1,280,000 | Sold

184 East 2nd Street, Apt. 4G 2 BD | 1 BA | $995,000 | Sold 220 East 54th Street, Apt. 6H Alcove | 1 BA | $375,000 | Sold

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Office: 646-982-0353 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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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