Monthly Take - October 2020

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Fall is officially here, and while the weather is cooling, the real estate market in Manhattan is heating up. There were 21 contracts signed on properties priced over $4 million last week; the highest weekly average since early March and higher than the same time period last year. While this number is, of course, coming off the tails of a total market shutdown, it shows that demand is coming back and buyers who can move anywhere are choosing to live here in NYC. Life in New York has also come back. The streets are bustling with people, the parks and playgrounds are active and the extension of outdoor dining, with permission to use electrical heaters, has extended the ability to dine alfresco. New retail is also opening up along Madison Avenue. Although prices are still well off their highs, New York City’s vibrancy is returning, and with interest rates still at historic lows, there has never been such a good time for the discerning buyer to enter the market or trade up! Social Links are not complete Read on to learn more about: New Development: 200 East 83rd Street In-Demand NYC Outdoor Dining Reservations Your Celeb Real Estate Rundown Trending: Work-From-Home Spaces Update on the Luxury Market Our Recent Sales Enjoy our Monthly Take! Stacey and Julie 200 East 83rd Street One of our favorite New Developments Robert A.M. Stern and the Naftali Group have another gorgeous project in the works! The first rendering has been revealed of 200 East 83rd Street, a 449-foot-tall residential tower on Manhattan’s Upper East Side. The structure will be one of the tallest in the neighborhood, rising 35 stories and housing 86 luxurious units. SLCE Architects (responsible for a few of our other favorite new devs including Beckford House and Tower, Lantern House and 108 Leonard), is also on board and we can't wait to watch this beautiful building come to life! The rendering depicts Stern’s trademark take on pre-war New York style, with a pale limestone and pre-cast concrete façade. Both the podium and the slender tower feature numerous setbacks for private terraces, a welcome feature for buildings today. There will be a 26-vehicle automated parking garage, basement storage, ground-floor retail, and a library. The 17th floor will be fully dedicated to resident amenities which will include a swimming pool, lounge, steam room, sauna, and outdoor loggia. Contact us for more information! ! In-Demand NYC Outdoor Dining Reservations Kimika It just opened on September 3rd, but it’s already one of the hottest reservations in town! Kimika serves up a carb lover's dream Italian-Japanese menu with plenty of pasta, crispy flatbreads, and other seasonal dishes by an all-female led kitchen. Aquavit Fine dining seems tricky when you’re going alfresco in Midtown. However, Aquavit has done it right, now offering outdoor dining for lunch and dinner, and rolling out specials like picnic packages and a patio cocktail "experience". Via Carota We can’t get enough of Jody Williams and Rita Sodi’s classic Italian hot spot in the West Village. Via Carota has been around for a few years, but its worth a reminder of what a gem it is as the food and ambience are not to be missed! Your Celeb Real Estate Rundown Spanx Founder and self-made billionaire Sara Blakely sold her apartment at 15 Central Park West for $30M, almost triple the $12.11M she paid for it in 2008. The sale comes on the heels of City Realty releasing its top 100 list of most expensive homes in NYC - 15 Central Park West is listed first. The prestigious Robert A.M. Stern-designed building holds the priciest condo sale through the second quarter of 2014 at $48M. Russian fashion designer, Kira Plastinina, purchased apartment 3A at the Slate Condominium at 163 West 18th Street for $2.45M. The Slate was designed in 2008 by Karl Fisher Architects with interiors by Andres Escobar. Among its amenities are a fitness center and pet spa. Sounds fit for a fashionista to us, especially with its trendy Chelsea location! Sir Patrick Stewart of X-Men and Star Trek has found a buyer for his Upper West Side pied-à-terre. The two-bedroom, 1,300-square foot co-op at 118 West 79th Street entered contract after receiving several bids. The actor put the home on the market in June for $3.8M. He bought the residence in 2003 for $1.8M with his then wife Wendy Neuss, but the couple divorced shortly thereafter and Neuss remained in the penthouse apartment. Trending: Work-From-Home Space More and more of us are working from home, and not just because we are still in the middle of a pandemic. With video chat technology, the rise of the gig economy, and increasingly flexible company policies, many of us are opting out of the daily commute to a traditional office. But, few of us have actually sat down and thought about the kind of space we need to work optimally. Anja Jamrozik is a cognitive scientist who studies physical and digital environments. She says there are five basic things everyone needs to work well: - Access to natural light - A comfortable temperature - Good air quality - Comfortable furniture, and - A strategy for minimizing distractions Designing the perfect home office requires art, science, and a little self-reflection. Crafting a healthy work environment can help you and your work reach new heights! 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 330 East 72nd Street, Unit 6 3 Bed | 3 Bath | $2,795,000 | Active 1100 Park Avenue, Unit 9C 4 Bed | 4 Bath | $4,995,000 | Active 16 East 96th Street, Unit 4B 4 Bed | 3.5 Bath | $5,375,000 | Active 200 E 79th St, Unit 3B 4 Bed | 4.5 Bath | $18,000 | Active Rental 1049 Park Ave, Unit 12B 3 Bed | 3 Bath | $7,500 | Active Rental Coming Soon 250 E 30th, Unit 11 D 2 Bed | 2 Bath | Coming Soon 285 Riverside Drive, Unit 7A 3 Bed | 2.5 Bath | Coming Soon In Contract 315 E 65th St, Unit 12F 3 Bed | 2 Bath | $1,425,000 | In Contract 11 Hoyt Street, Unit 10F 3 Bed | 2.5 Bath | In Contract Just Sold 440 East 79th Street, Unit 15E 2 Bed | 2 Bath | $1,299,000 | Sold 177 East 77th Street, Unit 8AB 4 Bed | 3 Bath | $2,975,000 | Sold 203 East 72nd Street, Unit 14B 3 Bed | 2.5 Bath | $2,595,000 | Sold 90 William Street, Unit 2C 1 Bed + Home Office | 2 Bath | $1,030,000 | Sold 56 Pine Street, Unit 14E 1 Bed | 1 Bath | $599,000 | Sold Just Rented 11 E 92nd St, Unit 3F/4FR 3 Bed | 3 Bath | $10,900 | Rented 920 Park Avenue, Unit PHB 2 Bed | 2 Bath | $10,000 | Rented 2109 Broadway, Unit 4109 1 Bed | 1 Bath | $5,800 | Rented 16 West 19th Street, Unit 4B 1 Bed | 1 Bath | $5,000 | Rented View All Team Listings © Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information 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. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Compass makes no representation or guarantee that Coming Soons are available in your region, or that its use will result in the benefits described herein.

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