New Offering from the Stein Team: 205 East 85th Street, $5,495,000
CITY LIVING with the Stein Team
Despite first quarter reports pointing to overpricing especially in the luxury sector, we have seen a significant uptick in activity across all price points. A number of our higher end properties that have been on the market for over 6 months have received offers and are now in contract or headed to contract. This is clearly a result of reasonable sellers reducing prices coupled with buyers recognizing the properties as well-priced. With two and a half months to Summer, we are cautiously optimistic and expect to be busy with both buyers and sellers making moves.
In the News
"Curate" AR App by Sotheby's Int'l Realty
Augmented Reality is Coming to the Real Estate Industry
We are excited to share that Sotheby's International Realty has recently launched a new augmented reality app called "Curate." The app, built with Google’s new augmented-reality software platform ARCore, allows both buyers and brokers to “virtually stage” an apartment, filling it with a variety of bedroom sets, couches, dining tables, home office sets, and so forth. The app helps tackle one of the greatest obstacles that prospective buyers have: their inability to envision themselves in an empty space.
Bloomberg recently tested the app in one of the Stein Team's upcoming exclusive listings, a four-bedroom SoHo loft at 481 Greenwich Street, for their recent article chronicling the launch of the app and the challenges that augmented reality faces in the real estate industry. Learn more by the following the link below.
New Development Round-Up
Central Park Tower at 225 West 57th Street
Central Park Tower overlooking Central Park
Quay Tower at Brooklyn Bridge Park
90 Morton in the West Village
The Belnord at 225 West 86th Street
The Inside Scoop
The explosion of new projects in NYC is not letting up, hitting every corner of the city. And the best has yet to even hit the market. Below is our round-up of the latest in development that hasn't hit StreetEasy yet, so remember you heard it here first!
MIDTOWN | CENTRAL PARK TOWER: Central Park Tower, previously known as "Nordstrom Tower" for the seven-story flagship store that will occupy the building’s base, will be designed by Adrian Smith + Gordon Gill Architecture, and will eventually soar to 1,550 feet, making it the second tallest building in the United States after One World Trade Center, and the tallest residential building in the world, even surpassing 432 Park.
BROOKLYN | QUAY TOWER: Quay Tower will be one of the last opportunities to purchase a new construction residence with unobstructed protected waterfront views in Brooklyn Heights. With its name deriving from a term for a landing place constructed on the edge of a body of water, the tower will rise 28 stories and feature 126 condos at the end of Brooklyn Bridge Park. Pricing will begin around $2 million, and sales are expected to begin this spring.
DOWNTOWN | 90 MORTON: Developers Brack Capital Real Estate are transforming a former commercial West Village building into a very high-end 35-unit condominium. Having been given an early sneak peek, we can tell you this will be a very interesting project. Soaring ceiling heights, beautiful finishes, a 64-foot indoor pool, a children’s playroom, and a 2,758-square-foot rooftop garden are just some of what this very special condo has to offer. With prices beginning at $5.3 million, sales are expected to begin this month.
UPTOWN | THE BELNORD: "Starchitect" Robert A.M. Stern's latest Manhattan project is helming the condo conversion of the historic Belnord on the Upper West Side. The massive, full-block apartment complex will be converting into an 80-unit condominium over the next year, with sales launching this spring for the building's next generation of residents.
Icons of Design
Ashe & Leandro
The New York firm of Ashe + Leadro was the design firm of the past year - making its mark on the design world with interiors that are at once tailored and relaxed. Former set designer Ariel Ashe and architect Reinaldo Leandro combine their points of view to create modern and imaginative interiors. They are increasingly enjoying high-profile commissions — and no shortage of celebrity clients: Jake Gyllenhaal, Liev Schreiber, Seth Meyers, Rashid Johnson, and Naomi Watts, to name a few. And the duo is launching a furniture line this spring. Something tells us the best is yet to come.
Enjoy our collection of our favorite Ashe and Leandro interiors in the link below.
High-Tech Home Gadgets
Nokia Sleep, available for $99.95 USD.
Sleep, Snooze, Track
Raising the bar for sleeptrackers, Nokia Sleep is one of the best new products in 2018 for helping get a great night’s sleep. Place the sensor underneath your mattress and you can expect it to carry out all the functions of a normal sleep tracker, such as recording and tracking your sleep cycles, heart rate, sleep quality, even snoring patterns. Sounds pretty standard? Well, what’s especially handy here is that the tracker doubles as a home automation device. This means you can create the perfect sleeping and waking up environment by having it control all of your smart home items - lights off and blinds down when you get in bed; coffee maker on when you get up. Asleep or awake, the Nokia Sleep is changing the way you enjoy your home.
The World of Sotheby's
Explore the Magazine
It is our pleasure to share with you the April edition of Sotheby's Magazine. This proprietary publication showcases all the elements of an extraordinary life. It presents sophisticated content and beautiful images related to the art and real estate worlds. Enjoy the digital edition below.
This month, we are featuring spectacular properties in our nation's capitol. Spring is one of the best times of year to visit Washington, DC - it's a season that not only brings warmer weather to the area, but also the blooming of the city's famed Cherry Blossom trees. 3000 of these tress were actually a 1912 gift to the United States from from Mayor Yukio Ozaki of Tokyo, Japan.
Known as a cultural and political epicenter of our country, DC is a dynamic city with a cosmopolitan scene and international flair.
With Sotheby's extensive international network of brokers and properties, we can help you find your dream home or vacation property in 69 countries. We have a strong network of colleagues and would love to connect you to an experienced broker.