May 2019
City Living

NEW LISTING: Authentic Artist Loft in Hudson Square, $3,995,000

 
CITY LIVING with The Stein Team 

The market is moving along at a relatively good pace right now – in our opinion due to the pressure created by the upcoming mansion tax which kicks in on July 1st.  So we are seeing both buyers and sellers trying to get deals done but of course, the buyers feel they deserve a significant “deal.” Looking ahead, our expectation is we will see an active May and then mid-June, things will start to slow down. 

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Jeremy and Robin Stein
Top 5 Sales Team Nationwide
  
917.854.4411 | jeremy.stein@sothebyshomes.com 
917.570.8386 | robin.stein@sothebyshomes.com

 


 
IN THE NEWS
 

SAFE PLACE

New York City continues to be the safest place in the world to invest in real estate.

Based on a survey of about 200 real estate investors and investment managers from 24 countries, New York is the “most stable and secure” city in the world to do business.

According to Crain’s, the majority of people surveyed said they want to increase exposure in New York City while the remaining respondents were likely to increase their exposure in Los Angeles and Chicago.

 

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HOMEOWNER HELP
 

GUIDE TO CO-OP "SPONSOR UNITS"

 

Co-op “sponsor units” are apartments being sold by the cooperative’s original Developer or “Sponsor”. Frankly, sponsor units are a bit of a rarity in Manhattan and therefore highly desirable. They offer the extreme advantage of completely skipping the co-op board approval process. 

Typically a sponsor sale means any credit issues, down payment requirements or other common barriers to purchasing a co-op can be totally ignored – alleviating the purchaser from going through the grueling financial disclosure and board package process.

These units are few and far between, so be prepared to shop for six to 12 months to find one of these rare gems!

 


 
HOME DECOR TRENDS
HEAVY METAL

Homeowners are getting heavy on metals and mixed materials, as of late, by embracing different textures throughout their interiors, specifically in their kitchens and baths.

Adam Meshberg, founder and principal of Meshberg Group, a design firm based in Brooklyn says clients are going for a mashup of eclectic textures: rough-hewn woven fabric walls with fumed copper accents, polished concrete floors inlaid with a rustic tile and rough-sewn oak cabinetry in a custom kitchen, for instance. “The look creates a sense of dimension in the space,” Mr. Meshberg said. 

Kitchen countertops are good candidates for interesting combinations as well. “Juxtaposed porcelain tile with Italian marble is the new kitchen countertop,” Mr. Meshberg said. “The mixed materials on the countertop break up the stone, add durability and create an elevated design element.”


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THE WORLD OF SOTHEBY'S
 
NEW YORK CITY STYLE GUIDE

We are proud to share the latest edition of New York City Style Guide, a peek into New York City's most stylish homes offered for sale. As the international leader in luxury residential real estate, Sotheby's International Realty takes great pride in presenting the most captivating and architecturally significant properties available for sale in New York City. 

Enjoy the full Style Guide by following the link below.


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NEIGHBORHOOD SPOTLIGHT
TO INFINITY AND BEYOND 

The much-anticipated TWA Hotel and its rooftop infinity pool at JFK Airport will be ready for takeoff when it opens on May 15. The pool will have a 10,000-square-foot observation deck with views to the Jamaica Bay and one of JFK’s biggest runways.

“Our rooftop pool provides a JFK runway view that rivals an air traffic controller’s vantage point,” Tyler Morse, CEO of MCR and MORSE Development, said in a statement. “There’s simply no better place for plane-spotting and enjoying a cocktail, in the world.” 

 


 

OFF THE BEATEN TRACK
SPOTLIGHT ON CORAL GABLES

As members of the Market Leader Partners Initiative, comprised of Sotheby's International Real Estate’s finest professionals in every key market around the world, we want to introduce you to our Coral Gables partner Dennis Carvajal and his property at 24 Tahiti Beach Island Rd.

We invite you to explore one of South Florida’s oldest cities, Coral Gables dubbed as "The City Beautiful." Allow us to help you find the perfect home in the suburb of Miami with charming boutiques and architectural grandeur.

 

 

 
 
 
 
Jeremy and Robin Stein
Top 5 Sales Team Nationwide
  
917.854.4411
jeremy.stein@sothebyshomes.com 

917.570.8386
robin.stein@sothebyshomes.com
 
 

Featured Listings 
 
205 West 19th Street |  $8,495,000
 
 

 
205 E 85th Street |  $4,995,000
 
 
 
 
25 Sutton Place South |  $2,795,000
 
 
 
41 Central Park West |  $1,995,000 
 
 
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