Halstead Property

Welcome to the official Halstead Tumblr Blog, where our local agents are your local experts. Halstead Property is the largest privately owned real estate firm in the New York Metropolitan Area and we strive to reinvent the real estate experience. Through this blog, we aim to act as your neighborhood and real estate ambassador. We have daily contributors whose primary goal is to investigate and produce commentary and rich content that will give you a taste of the areas we service and you live in. If you have any feedback we invite you to contact us at social@halstead.com.

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695 posts tagged NYC

YOUR EYE CANDY OF THE DAY: WHAT A VIEW

You can have the very best of urban living in this luxuriously modern waterfront Townhouse located at The Edge, one of the most sought after condominium buildings in Williamsburg.  This stunning 2,530 square-foot home features a private entrance, and sweeping views of the Manhattan Skyline and East River State Park from both inside and outside from a private balcony. A master suite occupies the second-floor with two additional bedrooms that connect to a generous balcony where you’ll find more of those sweeping NYC and East River views.

The Edge is the preeminent luxury condominium building in Williamsburg with a caliber of unmatched services and amenities that include an indoor pool, steam and sauna room, full size indoor basketball court, both a yoga and dance studio, virtual golf, a 24-hour doorman and staff, movie screening rooms, lounges, a parking garage, and so much more.

Click here to learn more about this remarkable property. 

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Don’t miss our Snapshot of the Day for more stunning imagery, find us on Instagram @Halstead or visit our online gallery here

QUOTE OF THE DAY - LOUISE PHILLIPS FORBES TO THE REAL DEAL 

September 1, 2014

Halstead’s Louise Phillips Forbes was interviewed by The Real Deal recently about the growing price gap between condos and townhouses in NYC. Forbes credits the surge in new condo developments as having “a run on our luxury market” resulting in seemingly affordable townhomes. As The Real Deal points out, single-family home prices are on the rise in the city, but are not increasing as quickly as prices of luxury condos. There are developers who are tapping into the city’s townhouse market by building townhouse units into new condo projects, The Real Deal reports. As Louise notes, such ventures appeal to buyers who are not interested in condo or co-op living.   

Read the full article here. 

Connect with Louise over email, on Twitter or Facebook

ECOLOGIC - THE PEOPLE MARCH

By: Madeleine Dale, Licensed Associate Real Estate Broker, West Side Office.

On Sunday September 21, thousands will assemble at 11:30 for the People’s Climate March.  Be prepared for crowds.  The event starts on 86th Street and Central Park West, continues down 6th Ave to 42nd street and ends on 11th Ave and 34th Street.  325 groups, including 350.org , Greenpeace and  World Wildlife Fund  have organized the public action to coincide with the opening of the UN Climate Summit.

Truth be told, the people are doing their part. New Yorkers  recycled 600 million pounds or garbage, almost 1 million pounds of clothing and ½ a million pounds of electronics and reusable goods.  Efficiency measures like thermostatic adjustments, switching incandescent light bulbs to CFLs and fuel efficient vehicles have curbed the rise of national CO2 emissions from 20tons per person in 2000 to 17 tons.  Still, on a per person basis, the U.S. ranks third (trailing Saudi Arabia and United Arab Emirates). Individuals plucking the low hanging fruit just don’t have the muscle to grapple with significant offenders like power plants which account for 40% of the CO2 emissions in the atmosphere.  

As a result of burning fossil fuels the planet is  on the edge of 5 major tipping points:  artic  melting, global temperature rise of 2 degrees Celsius, ocean acidification, tundra methane release and CO2 in the atmosphere crossing 400 parts per million.  Horror shows on the weather channel are just a taste of potential disasters in the wake of crossing these red lines.  While it’s too late to turn back the clock on the amount of greenhouse gasses already in the atmosphere, the goal is to prevent a day after.  Bill McKibben, founder of 350.org and environmental historian has noted “even if we do everything right at this point, 2 degrees is about as good as we can hope for.”

Since 1992, the U.S. has ignored carbon caps first proposed at the Earth Summit.  Locally, NYC is equally guilty of playing ostrich.   Some of the lowest-lying areas on the shoreline are slated for development.  Commercial revival in locations flooded during Hurricane Sandy s shows “Resilience.”  Resilience is not immunity and proving that a place can bounce back from an isolated event provides a false sense of security.  Fossil fuels are the basis of industrial society but carbon caps won’t pull the rug out from under civilization.  Currently viable energy options account for a 30% mix of renewables on the German electrical grid.  The problem is a shortage of wisdom i.e., the focus on the Keystone Pipeline to transport extracted tar sands that will exacerbate CO2 emissions as opposed to a pipeline for water from Canada to drought stricken California.

The People’s March is a call to prioritize.  Since the burst of collaborative energy in the 1970s brought about the Clean Air Act of 1970, Endangered Species Act of 1973 and Clean Drinking Water Act of 1974, the environment has taken a back seat.  Now stress on the planet has expanded the mandate from concerns about safety to concerns about survival.  Marchers in NYC on Sunday will be joined by groups in Rio, Paris, Deli and London to raise the banner for action  on the even of  the UN Climate Summit.

To connect with me you can contact me over email, or visit my agent website to learn more.

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Thoughts of Eco Logic are those of Madeleine Dale and do not necessarily reflect the opinions of Halstead Property, LLC.

FROM MINSK TO MANHATTAN – BIG CITY REAL ESTATE

By: Olga Bidun, Licensed Associate Real Estate Salesperson Halstead Property Westside Office.

In August I was fortunate to visit the country of my birth – Belarus - to visit my family and friends, and to relax from the hustle and bustle of New York City.  Belarus is one of the former Soviet Republics.  It is nestled between Russia, Poland and the Ukraine.  While the capital, Minsk, is a European city of almost 2 million people, most of the country is covered with breathtaking pine forests and lakes.  When visiting, I compared notes with a real estate agent from Minsk and I hope you’ll find what I discovered interesting:

All Rooms are Not Counted Equally:

First of all, when you talk about the size of the apartment in Minsk, you count all of the rooms except kitchen and bathrooms.  For example, if you’d like to buy a 2BR, 1BA apartment with a family room in Minsk, you and your agent would be looking for a “three room” apartment.

Comparing Size, Price, Rates & Fees:

In Belarus, they also measure the apartments differently than in New York – buyers and sellers think of the size in square meters, rather than square feet.   The conversion is straightforward, just multiply the size of your Minsk apartment by 10.8 to get the approximate size in square feet.

The Average Price per Sq. Ft:

  • Minsk $167
  • NYC $1,200 
  • NYC Premium 719%

Average Monthly Disposable Salary (After Tax):

  • Minsk $560 
  • NYC $4,300 
  • NYC Premium 768%

Mortgage Interest Rate: 

  • Minsk 33.53%  
  • NYC 4.1%
  • NYC Premium 818%

Sample Price of a 2000 Sq Ft Apartment:

  • Minsk $334,000 
  • NYC $2,400,000  
  • NYC Premium 719%

Estimated Monthly Payment Based Upon 20% down:

  • Minsk $7,500 
  • NYC $9,300 
  • NYC Premium 124%

As you can see from the findings above, Minsk offers great value – if you don’t have to finance your mortgage at over 33%! Unlike New York where the seller pays the broker, in Belarus, it’s the buyer who pays the broker’s fee of somewhere between 2-4%. One of the similarities is that the Russian buyers are making their way there as well. 

Recommendation:

Whether in Manhattan or Minsk, the best way to navigate through the sometimes foreign process of buying an apartment is to work with a licensed real estate agent to ensure that your interests are always foremost and that cumbersome paperwork is managed seamlessly.

Connect with me over email or visit my agent website to learn more about the best New York City neighborhood tips, and for all of your New York City real estate needs. 

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Thoughts and opinions presented in this post are those of Olga Bidun and do not reflect the official opinions of Halstead Property, LLC.

EYE CANDY OF THE DAY: LOOK AROUND YOU

Live like the Jeffersons’ once said, “movin’ on up, to a deluxe apartment in the sky…”  At thisstriking condominium in Murray Hill Kips Bay, you can see all around you from within the corner unit living room with floor-to-ceiling windows that frame the entire New York City skyline. Couldn’t you get used to staring idly at iconic landmarks like both the Chrysler and MetLife buildings with tranquil views of the East River and Long Island City in your periphery? We sure could. It’s evident that the one-bedroom apartment has been meticulously maintained due to the shear beauty and noticeably quality of hardwood strip floors throughout, granite counter tops, maple cabinets and a luxurious marble bathroom.  A round the clock concierge and doorman are at your beck and call within this renowned full-service condominium building.  

Click here to discover more about this marvelous Manhattan condominium. 

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Don’t miss our Snapshot of the Day for more stunning imagery, find us on Instagram @Halstead or visit our online gallery here

COMING SOON TO CARNEGIE HILL!

By: Liz Yu Chiang, Licensed Associate Real Estate Broker, Halstead Property Park Avenue Office. 

Carnegie Hill has always been a desirable neighborhood because of its historic architecture, proximity to Central Park, easy access to Museum Mile, and its convenient location near elite Manhattan private schools.  As a Carnegie Hill resident for the last 10 years, I have seen the neighborhood slowly evolve and recently revamp many of its store fronts. The neighborhood continues to maintain its charm and intimacy while also adding many luxury conveniences.  Now, there are even more reasons to love this neighborhood! I am excited to share with you a list of the best new attractions to check out in Carnegie Hill: 

Via Quadranno - One of the best cappuccinos in the city can soon be found here on Madison Ave between 88th and 89th Street in the heart of Carnegie Hill. 

Maison Kayser - Paris has arrived in the Carnegie Hill area and brought the finest croissants! Located at 1294 Third Avenue. 

Whole Foods Market - Finally! The Upper East Side will get its own Whole Foods coming to the corner of Third Avenue and 87th Street in December 2014. 

Ristorante Morini - No need to head to Midtown Manhattan anymore to have Michael White’s delicious pasta dishes. Located at 1167 Madison Avenue. 

Blue Mercury - You can soon get all of your make up and skin care products right here in the neighborhood instead of making a trip to one of the midtown department stores. Located at Madison Ave and 88th Street.  

Juice Press - A great place to pick up a healthy, refreshing drink after running around the reservoir in Central Park. Located at Madison Avenue and 92nd Street.

Alice & Olivia - Pick out a fabulous outfit on your way home today! Located at Madison Ave and 87th Street. 

Eli Zabar - Soon, it’ll be even easier to bring home a loaf of Eli’s artisanal bread. Located at Madison Ave and 91st Street. 

Connect with me over email or visit my agent website to learn more about Carnegie Hill and for all of your New York City real estate needs.

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Thoughts and opinions presented in this post are those of Liz Yu Chiang and do not reflect the official opinions of Halstead Property, LLC.

HIGH LINE GALLERY

Let your creative side run rampant with the possibilities offered by this superbly designed condominium home. It is located in a full-service building on one of New York City’s famed High Line Park blocks in the heart of Chelsea, the pulse of Manhattan’s thriving art scene where galleries and creative spaces dot every corner of the neighborhood. This two-bedroom condo boasts a lofty entry foyer with expansive double-glazed windows, and dynamic art-ready lighting to showcase all of your worldy collections. There’s no shortage of inspiration here either, as those massive picture windows frame the most priceless piece of art you will ever own - one of a kind views to one side of the Hudson River, and iconic views of Chelsea on the other. 

Click here to discover more details on this classic Chelsea condominium. 

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Don’t miss our Snapshot of the Day for more stunning imagery, find us on Instagram @Halstead or visit our online gallery here

EYE CANDY OF THE DAY: DOUBLE THE PLEASURE, DOUBLE THE FUN

With two whole floors of impeccably decorated and designed living space – the beauty of this duplex condominium is relentless. You are immediately greeted by double-height ceilings and windows that expose a quintessential Upper East Side cityscape and fill the enormous living room with waves of sunshine. We love the contrast between the illuminated white walls and the dark, smooth hardwood floors that are found throughout the entire one bedroom apartment. Location is everything, too, as this is situated directly across the street from the renowned Carlyle Hotel within a premier full-service condominium that offers round the clock luxury.

 Click here to see more Eye Candy on this duplex condominium home. 

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Don’t miss our Snapshot of the Day for more stunning imagery, find us on Instagram @Halstead or visit our online gallery here

EYE CANDY OF THE DAY: SITTING ABOVE THE PARK

Imagine sitting on any one of your 3 private balconies that look directly over Fifth Avenue and the treetops in Central Park?  While most would be elated with just one of the highly coveted private balconies, this incredible Fifth Avenue home features a total of 3 outdoor balconies offering almost 600 square feet of exterior space accessible through unique sliding glass walls. In addition, almost 2,500 square feet inside provides the beautiful, sunny living and dining room area pictured above, two bedrooms, your own washer and dryer (another highly coveted New York City amenity) and a state-of-the-art hi-tech kitchen wrapped up in one of the Upper East Side’s most sought after full-service cooperative buildings. 

Click here to learn more about cooperative home.

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Don’t miss our Snapshot of the Day for more stunning imagery, find us on Instagram @Halstead or visit our online gallery here

KATZ’S DELI TAKES A BITE OUT OF GREENWICH VILLAGE

2013 marked the 125th Anniversary for Katz’s Delicatessen, the very spot When Harry Met Sally, and in 2014, owner of the legendary pastrami sandwich curator and New York City’s oldest reigning delicatessen took a bite out of prime downtown real estate. With the help of Halstead Property’s Laurie Silverman, third-generation co-owner of Katz’s Deli landed the crown jewel of Greenwich Village pads in one of the city’s most sought after cooperative buildings designed by renowned starchitect, James Renwick, Jr. The gracious six-room co-op apartment boasts views of Union Square and the East Village from a sought-after vantage point on the epic-sized private balcony situated off of the lofty 28x12 West facing living room that leads directly into an open chef’s kitchen, perfect for sandwich royalty, while the Master Suite offers an unexpected dose of peace and quiet . 

Click here for Curbed NY’s coverage of this story, and connect with Laurie Silverman over email or visit her agent website to learn more, and for all of your New York City real estate needs.

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Discover more from all of Halstead Property’s Neighborhood Expert agents and find Halstead Property on Foursquare for tips on the best dining, shopping, and neighborhood attractions in Greenwich Village. 

EYE CANDY OF THE DAY: BELL ISLAND BEAUTY

As the saying goes, you shouldn’t judge a book by its cover, as there is more than meets the eye to this stunning Bell Island waterfront home situated on the Long Island Sound in Rowayton, CT with a 180-degree panoramic view spanning sea to skyline, and an intricately designed flagstone terrace and beautifully landscaped gardens pictured above. More than 4,900 square feet of space inside the stately six-bedroom colonial lies a master-suite adorned with a 42 foot balcony that overlooks the tranquil Long Island Sound waters, in addition to a second 20 foot balcony off of the upper level sitting room with even more dramatic views of the beautiful, sparkling blue ocean. While on most occasions two is company, and three is a crowd – we don’t mind if a third balcony joins the arsenal of vantage points off of a monumental oversized great room complete with a striking fireplace and wet bar. 

Click here to discover more about this coastal Connecticut wonderland.

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Sample all of our Real Estate Eye Candy Powered by Pinterest here.

Don’t miss our Snapshot of the Day for more stunning imagery, find us on Instagram @Halstead or visit our online gallery here

BRIAN LEWIS POST-HOLIDAY WEEKEND PREMIERE 

Presenting Video Tours of 316 West 79th Street 4E and 136 West 75th Street 3C

Naturally, the only way to close out the summer is with a premiere of not one, but two property video tours hosted by top broker, Brian Lewis. He shows off the two Upper West Side gems in true Lewis form: engaging, quirky and always informative.

 “Oh do I love a Pre-World War I building,” Brian says as he strolls up to the front door of 316 West 79th Street. Enter through yesteryear in the ornate, all-marble doorman lobby. He then whisks us away to present day on the newly renovated rooftop, which offers unbeatable Hudson River views. Step inside the airy living room of unit 4E that flows into a formal dining space fit for 8-12 guests. Brian jumps (yes, literally) into the adjacent kitchen complete with stainless steel countertops, washer/dryer and a large picture window. The final stops on the tour are the home’s three bedrooms and 1.5 bathrooms. The master bedroom has two closets and enough space for a king-sized bed. The second bedroom is just as large as the master, Brian serenades (with the homeowner’s guitar), while a versatile third bedroom comes with a half-bathroom.

“What am I going to do? How am I going to make this place different?” Brian asks as he introduces 136 West 75th Street 3C. He proceeds to lead us down the tree-lined street to The Brick House building where he enters the home’s foyer and goes in for a close-up to the camera. Brian kicks back on a leather chair with the homeowner’s guitar in the smartly decorated living room. We’re sensing a theme here…The living room boasts an outdoor balcony with garden views and an opening to the kitchen (where he nonchalantly blows bubbles). He finds another guitar in the master bedroom and strums along to his own beat. Brian then introduces the bonus second bedroom-turned nursery with what else in hand? But, a toy guitar of course! Just to top off all of the wacky possibilities in presenting this home, we find Brian slowly pulling back the shower curtain as he reveals the marble bathroom.

We invite you to watch all of Brian’s 300+ videos by clicking here.

To connect with Brian, visit his agent website or follow him on Twitter and Facebook

Tennis Anyone?

Your Guide to the Best Free (Or Low Cost) Outdoor Tennis Courts in New York

By Duncan Ashley Lonsdale, Licensed Real Estate Salesperson - West Side Office

Today’s beginning of the US Open may signal the end of the “Grand Slam” season for professional tennis, but there are still a few more good months weather-wise for the rest of us to pick up a racquet on the many free (or close to free) outdoor courts in Manhattan and elsewhere in the city.

Brian Watkins Tennis Center

East River Park at Houston St. under the Williamsburg Bridge (walk east over FDR Drive)

# of Courts/surface: 12 Hard Courts

Contact: (212) 529-7185

Comments: Free with a permit from Paragon Sports (867 Broadway between 17th and 18th Sts; 800-961-3030, paragonsports.com Applications can also be found at nycgovparks.org; a seasonal permit is $100; a day pass $7. Tranquil setting adjacent to the East River.

Central Park Tennis Center

93rd St. near West Drive

# of Courts/surface: 4 (Hard) & 26 (Fast Dry)

Contact: 212-316-0800 centralparktenniscenter.com

Hours:Daily 6:30am–8pm; free with permit. Reservations suggested. Permits available at nycgovparks.org season permit (good through late November) $200; single-play permit $15.

Comments: Because these are the most well known and offer the most amenities (bathrooms, lockers, showers, a snack bar, and pro shop), they are also the most difficult to secure at peak times. Lessons Offered.

Fort Washington Park

Located by the Hudson River at 170th St.

# of Courts/surface: 10 Hard Courts

Contact: (212) 304-2322

Comments: These courts may be Manhattan’s best-kept secret until they aren’t. They are relatively difficult to access, even for those who live in the neighborhood. Perhaps the most efficient way to access these courts is along the west side path – by bike (about 20-25 minutes each way from the upper west side). It’s a beautiful setting under the GWB and near the beloved Little Red Lighthouse.

Frederick Johnson Playground

Located at 151st St., east of Adam Clayton Powell Blvd.

# of Courts/surface: 4 Hard Courts & 4 Rubberized Courts

Contact: (212) 234-9609

Hours:7 a.m. to 9 p.m. daily and until 8:30 p.m. on Mondays and Tuesdays.

Comments: Affectionately known as “The Jungle” where Althea Gibson trained in her youth. Players must have either a permit or a single-play pass. “Easier to get court time here than many of the other outdoor courts in the city.” Lessons Offered.

Inwood Hill Park

Located at 207th St. and Seaman Ave.

# of Courts/surface: 9 Hard Courts

Contact: (212) 304-2381

Riverside Park

Riverside Drive and W. 96th St. (West of the highway and adjacent to the river)

# of Courts/surface: 10 Clay Courts

Contact: (212) 978-0277 rcta.info

Hours:Daily 7am–8pm April to November. Free with permit.

Comments: Very popular! Be prepared to wait (as long as 2 hours on weekends), but beautiful setting along the river. Avoid the lines by playing on weekday afternoons. Lessons Offered.

Sportime

Located at Randall’s Island Park 

# of Courts/surface:: 20 Hard (Indoor) Courts

Contact: (212) 427-6150 www.sportimeny.com/Tennis

Comments: 5 indoor hard courts, 5 indoor/outdoor hard courts, and 10 indoor/outdoor clay courts. 10 of the 20 courts are available to permit holders during the outdoor permit season (May through the day before Columbus Day). Adult and junior instructional, competitive, and recreational tennis programs offered.

Washington Market Park

Greenwich St (between Chambers and Duane Sts)

# of Courts/surface: 1 Hard Court

Contact: chamberstreettennis.com

Hours:Daily 7am–midnight; free with permit.

Comments: Regulars typically arrive around 6:30am to get a good spot. Getting a spot is dicey since there is only one court. This single lighted court is open year-round.

Hudson River Park

Located at the river, between Canal and West Houston Street

# of Courts/surface: 3 Hard Courts

Contact: (212) 627-2020, hudsonriverpark.org

Hours:6 a.m. to midnight

Comments: Free! No permit required.1 hour limit if others are waiting. Beautifully situated along the Hudson and lights for evening play.

119th St. Tennis Association

Location is mid-promenade level of Riverside Park (above the path that runs by the river).

# of Courts/surface: 10 Hard Courts

Contact: www.119ta.net

Hours:8:00 a.m. until sundown

Comments: Annual membership dues: $40 per year. NYC Parks and Recreation Tennis Permits are required from Saturday, April 5 through Sunday, November 23, 2014. See the NYC Parks and Recreation website for further information and to renew online. Permits are sold at the Arsenal at 61st Street and 5th Avenue: Adults $200, Seniors $20, Juniors $10; Single Play passes $15 per person.

William H. Seward Park

Located at Essex and Hester Sts. in the lower east side.

# of Courts/surface: 3 hard courts

Comments: Not much information about these courts on the internet. Perhaps a well-kept secret?

Octagon Park Tennis Courts

Located on Roosevelt Island. Located at north end of Main Street, Roosevelt Island.

# of Courts/surface: 6 Plexicushion courts

Contact: (212) 832-4563, rioc.com.

Hours:6 a.m. to 10:30 p.m.

Comments: Prime-time hours are 6 p.m. to 8:30 p.m. weekdays and 9:30 a.m. to 1:30 p.m. on weekends and holidays. There are usually plenty of open courts on weekend afternoons. The rubberized surface plays fast, but the Roosevelt Island Operating Corporation is studying how to slow things down. The middle courts offer the best lighting at night. Bring water, as there’s no water fountain. A Roosevelt Island Operating Corporation permit is needed to get onto the courts.

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For additional tennis information in all five boroughs, visit the NYC Gov Parks Website.

To find a home with the fits all your niched demands and needs, contact Duncan today via email or his website.

BARAK’S THOUGHTS ON A PICTURE’S WORTH A THOUSAND WORDS 

In the 7th installment of regular Halstead Blog series from Halstead Property’s Barak Dunayer, we bring you Webisode 7 “Pricing to Win –A Picture’s Worth a Thousand Words” 

When selling your home the best strategy is to think like a buyer, Barak says. Practice by taking photos of a room followed by pointing out distractions and devising a list of needed changes. Share the photos with others (especially your broker) because they may spot distractions that you did not catch at first glance. If changes are too complicated, then your broker can access Halstead’s Virtual Staging marketing tool, in which the marketing team digitally remodels or furnishes a space. 

“We transform properties for our clients both physically and virtually every single day. Because our years of experience taught us that getting the highest price begins with great presentation.”

Click here to watch the most recent Webisode 6 – “It’s Not Personal, It’s Business” and for the entire collection of videos from Barak’s Thoughts series, click here.

Share your thoughts and connect with Barak on Twitter or over email, and visit his agent website to learn more and for all of your real estate needs.

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Thoughts and opinions presented in this video series are those of Barak Dunayer and do not reflect the official opinions of Halstead Property, LLC.

THIS SUMMER MAY BE ENDING, BUT FiDi IS SIZZLING!

By: Jenet Levy, Licensed Associate Real Estate Broker, SoHo Office. 

As a native New Yorker, I have seen many neighborhoods change, develop and transform in all sorts of ways over the years. I have to say, though, that the metamorphosis of the Financial District over the last 10 years has truly been formidable. 

After 9/11, the government was afraid New York City would become a ghost-town, particularly the area immediately surrounding the World Trade Center. They gave incentives to builders to produce residential developments. There was considerable inventory of obsolete office buildings in the Financial District. Builders took advantage of these tax abatements and renovated many of these structures, creating condos.  The new developments have modern, elegant finishes and are replete with a variety of upscale amenities. Many of these buildings opened in 2006 and 2007 and were well-received. The sponsors often sold most of the units pre-construction and before the buildings were finished. With each new wave of apartments released, the prices would escalate.

Then, in September of 2008, Lehman Brothers crashed and this progress came to a screeching halt. The buildings that sold well stayed afloat.  Some that were “late to the party” turned rental.  Prices plunged.  There was a standstill for some time, and then the uptrend returned. As our residential real estate market picked up, the Financial District saw the completion of the new World Trade Center and the notable Gehry building on Spruce Street, which became the tallest residential tower in NYC. A much-anticipate and well-rated school opened.  New parks were added. The new Fulton Center subway hub linking 11 subway lines in one location, and hosting retail, is being referred to as “a Downtown Grand Central” and is scheduled to open soon. More new condo, rental and hotel developments are breaking ground and starting construction. FiDi has truly become a destination of choice as a place to work, live, play, eat and shop. 

“Shop?” you say? 

Oh, yes – the retail renaissance will be discussed in my next post, so please come back and keep following my posts about FiDi’s finest!

Connect with me over email and visit my agent website to learn more, and for all of your New York City real estate needs. 

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Thoughts and opinions presented in this post are those of Jenet Levy and do not necessarily reflect the opinions of Halstead Property, LLC.

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