Monthly Take - July 2024

Follow us on social media for your Manhattan real estate, food & lifestyle news

JULY 2024 MANHATTAN MONTHLY TAKE

Dreaming of living near Central Park? Here is a rundown of how much more (or less) it will cost.

You will pay the highest premium along the UES gold coast (59th - 77th Street/Lenox Hill). East and West Side Central Park residences from 79th - 96th have an identical price differential of +$1.4MM versus similar neighborhood properties. Central Park’s frontage on Central Park South has a price cut of $1.22 million since this neighborhood includes pricey Billionaire's Row properties. Data Source: Property Shark

Want to learn more about the market? Reach out to chat!

Read on and get our JULY TAKE: ✦ New Development: 1128 Madison Avenue ✦ Food News: New UES Restaurants ✦ Celeb Real Estate Buzz ✦ NYC Home & Lifestyle Trends: Beach towels we love! Let's talk soon! Stacey and Julie New Development

1128 Madison Avenue (btwn 84th and 83rd Street)

✦ Developed by Legion Investment Group ✦ 18 story condo with retail space ✦ 22 spacious residences estimated at 3500-5000 sq ft each ✦ Another UES building by Legion Investment Group is 109 East 79th Street, designed by architect Steven Harris NEW Restaurants to Try Now!

✦ Bourbon Steak: Restaurateur Michael Mina has opened his fine dining steakhouse, Bourbon Steak, in the JW Marriott Essex House. This NYC location includes unique items such as the Whole Roasted Hudson Valley Foie Gras and their fun take on a Black & White cookie. 160 Central Park South ✦ Maison Barnes: Adjacent to Cafe Boulud, Daniel Boulud has opened Maison Barnes. The ambiance is inspired by early 1900s Paris with a salon-like feel that will transport you. The concise menu is French cuisine at it's finest. 100 East 63rd Street ✦ Frances at Casa Cruz: Located on the sixth floor of Casa Cruz is a beautful rooftop terrace dining experience. Covered by a spectacular rose-hued canopy, you can enjoy this year-round oasis which features seasonal cocktails and a light Coastal Mediterranean menu designed by Michelin Star chef John Fraser. 36 East 61st Street Celeb Real Estate Rundown

✦ Jessica Chastain LISTS 205 West 57th Street, Apt. 4B for $7.45MM: This pre-war co-op, the crown jewel of The Osbourne, has been meticulously renovated. This sun-drenched 4BD, 3.5BA, has 14-foot ceilings and 5 wood-burning fireplaces. ✦ Katherine Hepburn's former NYC townhouse at 244 East 49th Street LISTS for $7.2MM: Built in the late 1800s, the home totals 4560 sq ft, has 4 floors and a garden. This historic home has upgraded interiors and mechancial systems. ✦ Hillary Swank LISTS 400 West 12th Street, Apt. 16A for $6.6MM: The corner 2BD, 2BA high floor home, has breathtaking views of the Empire State Building and Hudson River with floor-to-ceiling windows. The Best Summer Towels!

✦ Matouk: Luxurious towels; some inspired by Schumacher and others by Turkish baths. All 100% cotton. $75 - $185 ✦ Mungo: Woven and made in South Africa from 100% cotton and available in various intricate patterns and colorways. $78 ✦ Dock & Bay: The perfect family beach towel. Made from good for the planet materials, lightweight, quick-drying and repels sand! Each towel comes with it's own pouch. One for $25 or a set of 6 for $123

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

Co-op 2024: 144 2023: 163 Condo 2024: 453 2023: 482 Condop 2024: 10 2023: 15 Townhouse 2024: 81 2023: 72 Total Contracts 2024: 688 2023: 732 Avg. Price Reduction 2024: 9.8% 2023: 12.0% Avg. Days On Market 2024: 666 2023: 585

Which Kanbar Kopel Team Listing is your Favorite?

Featured In Contract

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

360 East 89th Street, Apt. 31B 3 BD | 4 BA | $4,750,000 | In Contract

50 Bridge Park Drive, Apt. 8A 4 BD | 4 BA | $4,250,000 | In Contract 211 West 84th Street, Apt. 6E 3 BD | 2 BA | $3,675,000 | In Contract

425 East 58th Street, Apt. 4H 4 BD | 5 BA | $2,495,000 | In Contract 205 East 63rd Street, Apt. PHA 2 BD | 2 BA | $895,000 | In Contract 11 Hoyt Street, Apt. 53K 2 BD | 2 BA | $2,065,000 | In Contract 300 West 145th Street, Apt. 3J 2 BD | 2 BA | $650,000 | In Contract

11 East 87th Street, Apt. 8A 1 BD | 1 BA | $575,000 | In Contract 21 East 61st Street, Apt. 4C 2 BD | 3 BA | $16,000 | In Contract

Featured Transactions 91 Central Park West, Apt. 12E 2 BD | 2 BA | $2,475,000 | Sold 944 Park Avenue, Apt. 12 3 BD | 5 BA | $30,000 | Rented 201 West 70th Street, Apt. 28B 2 BD | 2 BA | $2,245,000 | Sold 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 74 West 68th Street, Apt. 9D 1 BD | 1 BA | $655,000 | 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

Want to see more listings? View them here!

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.

marketingcenter--