We enter the new year with an unforeseen wind (albeit light) at our backs. The anticipation of a Donald Trump presidency has seemingly altered (probably only temporarily) the course of a steadily weakening residential market. Since the election, we have represented a large number of buyers and sellers transacting on properties that had been on the market for 6-months or more.
A Trump future appears to have the wealthy Americans feeling a bit more confident that their net worth will be protected and probably bolstered - also reflected in the financial markets since the election. With interest rates finally moving North from historic lows, our outlook for 2017 is more optimistic than expected as buyers in need of borrowing who were sitting on the sidelines waiting for prices to “correct” down will now face the added motivation to act while money remains cheap.
The Stein Team is proud to share our newest listings that we will be bringing to the market in 2017. If you would like any additional information about these properties, please don't hesitate to contact us to learn more.
28 E 10th St: A rare opportunity to live in a mint three bedroom, pre-war full service condominium at the famed Devonshire House in the heart of Greenwich Village.
129 E 69th St: After undergoing a meticulous two-year renovation, this immaculate high-floor, sun-flooded 8-room, three-bedroom, three-bath home defines the term, “turn-key.”
130 E 67th St: This four-bedroom home offers the perfect combination of modern conveniences & preserved architectural elements, featuring grand entertaining spaces, wood-burning fireplaces and central-air throughout.
15 Union Sq West: This chic and sophisticated open 1-bedroom loft, located in the former headquarters of Tiffany & Company, features 16-foot ceilings and is bathed in natural light from floor-to-ceiling glass windows encasing the original cast-iron arches of the historic landmarked facade.
131 Watts St: High above Northern TriBeCa, this light-filled corner loft offers 10 windows, exposed wood beams and oversized columns within a striking wide-open single-room plan.
Icons of Design
Saarinen's famed Executive Chairs & Tulip Table
Spotlight on Eero Saarinen
Born to well-known artist and architect parents, Finish designer Eero Saarinen was surrounded by design his whole life. It came as no surprise that Eero was helping his father design furniture and fixtures by the time he was in his teens. While studying at the famed Cranbrook Academy of Art, he went on to meet fellow mid-century modern icons such as Charles Eames and Florence Schust. When Schust joined Knoll in the 1940s, it was an obvious choice for her to invite Eero to design for the company, as well.
Over the next 15 years, Saarinen designed many of the most recognizable Knoll pieces, including the Tulip chairs and tables, the Womb chair, and the 70-series seating collection. His designs helped establish the reputation and identity of Knoll during its formative years. Constantly pushing boundaries, Saarinen expanded the modern vocabulary to include curvilinear and organically-inspired forms not found in the work of his predecessors.
The quiet enclaves of Hudson Square and the South Village are experiencing a revitalization, with this undiscovered nook of Downtown Manhattan expecting to have an influx of residential, retail, and nightlife development over the coming years.
Developers have been circling the area for years, and the explosion of new projects seen in so many other parts of Manhattan is now reaching this neighborhood, as well. With a number of buildings already completed or under construction, below is our round-up of the latest in development in this booming 'hood:
First up and farthest north, designed by Toll Brothers City Living and Barry Rice Architects, 100 Barrow St is an intimate new development of 26 gracious residences which overlook the tranquil Barrow Street Gardens on a prestigious cobblestone block, only a stone's throw away from the heart of the West Village.
On the opposite side of the spectrum, 565 Broome St is prize-winning architect Renzo Piano's first New York City residential development, located where SoHo and TriBeCa converge. This robust development of studio to four-bedroom residences will offer amenities galore: full-time concierge, fitness center with spa and 55-foot swimming pool, library and shared outdoor terrace space.
And if you're looking for a water view, look no further than 160 Leroy St - a cutting-edge new development of 57 one-of-a-kind residences overlooking the Hudson River, conceptualized by Ian Schrager and designed by Herzog & de Meuron - will be the coolest digs in town when it debuts at the end of 2017.
Lastly, the recently proposed redevelopment of St. John's Terminal is a 1.7 million-square-foot multi-building project which will bring over 1,500 residential units to the area and will contribute to the new face of Hudson Square and the neighboring area over the next several years and beyond.
Home Design Trends
Patterned & Textured Walls
Our design insiders are telling us the use of bold, unique wallpapers, and textured and upholstered walls is going to be one of the biggest design trends of 2017. Textured and patterned walls can not only transform a room, but can be the perfect centerpiece. From graphic designs, velvet walls, to metallic finishes, we have an array of options for you in our curated collection of wallpapered and upholstered rooms.
Off The Beaten Track
Maui Beach, Fiji | Price Upon Request
Sotheby's Expands to a Remote, Untouched Locale
This past month, Sotheby's International Realty expanded its presence to Fiji. An ideal holiday destination, Fiji offers a secluded, exquisite lifestyle in one of the most remote locales in the world, while also easily accessible with non-stop flights from major financial hubs such as Sydney and Los Angeles.
With Sotheby's extensive international network of brokers and properties, we can help you find your dream home or vacation property in over 60 countries. We have a strong network of colleagues and would love to connect you to an experienced broker.