June 2019
City Living









New Price | 311 West 4th Street Now $11,950,000

CITY LIVING with The Stein Team 


Who Determines the Value of your Property?
In this difficult buyer’s market where values continue to slide downwards (albeit at a slow pace), sellers often ask why their home isn’t selling close to the property’s asking price. 
The reality is…
Sellers & Agents Set the Price
Buyers Set the Value
And Value is in part determined by how many competitive homes are for sale at the time you are listed, and more importantly (and this is the interesting thing), by how motivated your competitors are. If the sellers of competing property to yours are more motivated than you, they will likely sell before you, and that will certainly affect your value.
The Reality Is That Sellers Only Have Control Over 4 Things:
Condition of The Home
Accessibility to Show the Home
Selecting the Right Broker
Sellers Do Not Control:
Local Market Conditions
# Of Competitors on The Market
Motivations of Their Competitors
We are working hard to carefully review the competitive marketplace for each of our sellers. We continue to keep our sellers informed on the ever-changing landscape and strategize with them on how to best position and reposition their homes.


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




We're excited to introduce a new section of our Newsletter: Robin's Round Up. Robin will be sharing statistics every month - focusing on a specific neighborhood or a specific type of property. This month, we've chosen to highlight Townhouses, both Downtown and on the Upper East Side. In this ever-changing competitive marketplace, it is more important than ever to be well-informed on recent sales data, both as a purchaser and seller. 








Our new loft listing at 487 Greenwich Street in Hudson Square has been featured in The Close's Listing of the Week, as one of seven Manhattan loft spaces that "still have that turn of the century drama that attracted artists like Andy Warhol to them in the first place." Click on the link below to see the full story. 



The Real Deal recently spotlit the latest Billionaire Row tower, Robert A.M. Stern's 520 Park Avenue, pictured above, which began its closing last Fall. Jeremy Stein is proud to have participated in one of the building's first twenty closings, representing the purchaser of PH-51, which sold for $32,000,000 in February. Click on the link below to see the full story. 







Powered by a Claude Monet landscape that doubled its estimate and elicited applause in the salesroom, Sotheby’s May Impressionist and Modern Auction in New York galloped to a market-affirming $349.9 million tally.

The record-setting work was Claude Monet’s landscape Meules (Haystacks), 1890. It fetched a record-breaking $110.7 million, selling to an unidentified purchaser.

The 1890 painting is one of only four works from Monet’s acclaimed Haystacks series to come to auction this century, and one of only eight remaining in private hands. The 17 others reside in museums.

At least eight bidders sought the Impressionist prize in a drawn-out bidding war that lasted eight minutes. It represents the highest price ever paid for an Impressionist work of art, and it ranks as the ninth-most expensive work of art to sell at auction. 




With a little more than two years to go before Penn Station is transformed into the brand-new Moynihan Train Hall, new plans and renderings have been unveiled this past week for the East End Gateway - the main entrance of the train depot, located at 33rd Street and Seventh Avenue. 

The East End Gateway, will lead passengers into the Long Island Rail Road concourse via an open, airy atrium with three escalators, bringing illumination and light in that concourse for the first time in over 50 years.

Beginning this month, construction is expected to be completed in 2020




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 Hamptons partner Dana Trotter and her property at 6 Maunakea Street in Sag Harbor.

Colloquially referred to as "Out East," the Hamptons is the quintessential New York City summer outpost. About two hours east of Manhattan, the Hamptons is a collation of towns defined by pristine beaches, manicured lawns, and sprawling estates. The Hamptons offer fine dining, amazing shopping and vibrant nightlife that even rival Manhattan.



Jeremy and Robin Stein
Top 5 Sales Team Nationwide



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

173 MacDougal Street |  $4,995,000
40 West 24th Street |  $1,750,000
166 East 61st Street |  $1,475,000 
© 2019 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.
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