CITY LIVING with The Stein Team, March 2015

 

MARCH 2015
From The Stein Team
 
CITY LIVING with The Stein Team
 
Our townhouse listing 32 Grove, featured on NBC Open House.

Market Snapshot

There is a continued sense among buyers that there are few good deals available - so when new property hits the market, if priced appropriately, it is selling quickly. With so little inventory, especially so little reasonably priced "quality" inventory, there continues to be a logjam of buyers across most price ranges.

There has been a good deal of media coverage and market chatter about a possible glut of new condo inventory. From our perspective, the highest-end condo market ($10M and up) is the only price range where inventory may be outweighing demand. 

Things to look out for this month: will the strength of the dollar start to drive foreign buyers out of the US market, and will anticipation of rising interest rates drive more buyers to act?

Click on the link below to read more about rising interest rates.  


In the Press

Jeremy Stein on NBC Open House

 

32 Grove Street

Despite the arctic chill in Manhattan this month, The Stein Team continues to run on all cylinders. Jeremy was recently interviewed by NBC Open House, who featured our townhouse listing 32 Grove Street in their latest episode. Jeremy narrates the video clip, touring the beautiful historical residence. Enjoy the tour by clicking on the image. 

Neighborhood Spotlight

The Public Square will be the center of the West Side hosting world-class art and events. 

Manhattan's future midtown Skyline

Hudson Yards

New York's future is rising in the heart of Manhattan. Welcome to Hudson Yards, the largest private real-estate development in the history of the United States.

The site will encompass 28-acres of mixed-use real estate development, featuring 6 skyscrapers, 17 million square feet of commercial and residential space, more than 100 shops, a collection of restaurants, about 5,000 residences, a school, a unique cultural center, and a 175-room luxury hotel - all offering world-class amenities for residents, employees and guests. 

Hudson Yards connects directly with the High Line, Hudson River Park, and the New Hudson Park and Boulevard, creating an unparalled 14 acres of new parks and open space, transforming the New West Side. 

Posh Pads

The swimming pool at Woolworth Tower is finished in Bisazza Mosaico and offers a sauna and hot tub. 

 

Sweating the Details

Olympic-size pools, basketball courts, catering kitchens, expansive lounges, full-size gyms, designer yoga studios, and the likes have all joined the amenity package for the "super luxury" new development market. Because every new project is trying to top the next, developers hope amenities will justify the record prices that we are now seeing. Today's "super luxury" buyer is looking for these over-the-top amenities, or "assets" within the building. Enjoy some of our favorite images of Manhattan's latest luxury amenities. 

Ask The Expert

Spotlight on Lighting

The Stein Team interviewed Brian Pappa & Lauren MacCuaig of Frances Mildred Architecture & Design to discuss the importance of lighting in the design process:

"All too often overlooked during the design process, composed lighting is a potent and compelling way to add nuance and depth to any space.  Beyond the physical qualities of a fixture itself, the light that it casts - how it plays on surfaces, and the resulting mood that is created - can transform even a simple space into transcendent architecture. 

Thoughtfully designed illumination can enrich materials, manipulate shapes, and even change the perceived dimension of a space.  The transformation may begin by selecting a sculptural chandelier to mark a dining table, but it will be the careful consideration of how the light behaves in the space, how the dimmed light spills onto the table that will evoke warmth and gather your guests for a dinner celebration.

With your designer you should discuss how you like to eat, sleep, relax, bathe, and design a lighting strategy that is commensurate with your personal taste and lifestyle.  For it is this component that will elevate your newly designed house into a truly enduring home."

 

CITY LIVING Solutions

 

Child's Play

Manhattan homeowners face a real challenge as their families grow and their apartments remain the same size. Take a look at the many ways owners have cleverly designed common areas and bedrooms - to better accomodate family living while avoiding turning their home into an indoor playground. 

 
 

The Stein Team’s Property Highlights

196 Sixth Avenue
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161 East 79th Street
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740 Park Avenue
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© 2014 Sotheby’s International Realty, Inc. All rights reserved. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractors and are not employees of Sotheby’s International Realty, Inc.