5 Reasons Why to Consider Buying New Development

The new development market has been booming in cities across the country, with cranes dotting the skyline in likes of Miami and New York. Some truly exciting and exceptional product has been introduced to the market over the past few years including many projects by “starchitects” and the introduction of over-the-top amenity offerings.
 
Sentiment among real estate professionals seems to be that we may see continued strength in the new development market or, perhaps, even a slight uptick if the Trump Administration enacts proposed loosening of Dodd-Frank regulations and supports infrastructure spending. Both of these particular aspects could make the origination of construction loans easier and propel new construction projects forward, and make beginning them more appealing for developers.
 
As with any transaction or large purchase decision, there is certainly a list of pros and cons, however, as a buyer in today’s luxury real estate market, new development is quite appealing. Here a 5 reasons why you should consider buying a new development project.

1. Opportunity to Buy Pre-Construction 

Once developers file the appropriate plans for their project with the city, they can begin to sell their project to prospective clients. This means as a buyer, you have the flexibility to buy pre-construction, signing a contract well in advance of the projected closing. Often, buyers that get in during pre-construction receive a discounted price. This, of course, does come with risks as the project may not go as expected or the market may take a downturn between contract signing and closings. However, you could find yourself well rewarded by buying pre construction at a favorable price per square foot in a rising market, rendering your apartment worth more by the time the project closes.

2. Everything is New

Who does not love something brand new? Buying a new development project means that you are purchasing a home that has never been lived in by anyone. Additionally, all appliances and amenities will be brand new as well.

3. Amenity Packages

There are certainly units in older buildings on that market that offer amenities, but the newest projects on the market have unparalleled offerings. The current market is quite competitive given the amount of new development inventory, so developers are using their amenity packages as a key differentiating factor to increase their project to the pool of buyers in the luxury market. Amenities in the hottest new development in the city include items like private wine cellars, swimming pools, curated libraries, spas, and porte-cocheres, to name a few. These features are not only appealing to buyers, but they are a favorable aspect from an investment standpoint when looking to secure tenants in the unit and also from a resale standpoint as well.

4. Potential Tax Abatements

Many new development projects coming to market have a tax abatement under the 421-a program. This program, which incentivized developers to build, recently expired, but was renewed under different conditions. As long as a new development project broke ground prior to the expiration of the original program, the building will receive the reduced tax benefits that are passed along to owners. Tax abatements lower the monthly carrying costs for the duration of the abatement which is a huge plus for property owners. For example, One Manhattan Square, a new development project on the Lower East Side, has a 421A abatement, making the monthly taxes on an available 1 bedroom unit $13/month for the duration of the abatement.

5. Investment Opportunity

Buying new development at a favorable price point can be a lucrative investment opportunity. New development comes with a premium price point which is not accessible for everyone, however, this premium price point can be valuable when it comes to resale and is even more valuable in buildings by “starchitects.” Research has shown that buildings with a premium architect’s name on it hold or increase in value more than buildings that do not. Buying in to a product like this means buying a brand name, and consumers generally trust brand names. Additionally, new development tends to be quite liquid when it comes to resales as it always has its buyers and sellers.

There is a great selection of new development inventory currently on the market and coming to market in New York City. Below is a selection of a few of our favorite projects currently underway.

If you are interested in exploring new development projects in New York City, or would like updated availability for a building, please contact us to schedule your appointment. 

70 Vestry Street

via

Situated on the last undeveloped waterfront parcel in TriBeCa, 70 Vestry is a Robert A.M. Stern masterpiece that offers a luxurious downtown living experience. The building will be done in Beaumaniere Limestone sourced from France, a stone known to glisten in the sunlight. 70 Vestry Street offers a vast array of amenities including library, café with private resident lockers, billiard room, lounge, and wellness level with fitness by The Wright Fit and a pool.

Madison Square Park Tower 

Madison Square Park Tower, located at 45 East 22nd Street, is changing the Flatiron skyline as it rises to 777 feet tall. Designed by renowned architectural firm Kohn Pedersen Fox Associates with interiors by Martin Brudnizki Design Studio, 45 East 22nd Street is a unique architectural masterpiece with a base that is narrower in width than the top. The residences on upper floors offer simply spectacular panoramic Manhattan views. The 5 levels of amenities will include a library, fitness center with basketball court, terrace, leisure rooms, and an upper club on the 54th floor.

One Manhattan Square

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One Manhattan Square is a new sleek glass tower coming to the Lower East Side, rising next to the Manhattan Bridge. The project, by Extell, is bringing a new concept of luxury living to the neighborhood as it will have over 100,000 square feet of indoor and outdoor amenities. Given the amount of amenities, many are dubbing the building a "vertical village." Interiors are designed by Meyer Davis. The building has a 20 year tax abatement with availability starting with 1 bedrooms.

15 Hudson Yards 

The Hudson Yards project is completely transforming the far west side of Manhattan, bringing new life to once desolate locale. The entire development of the Hudson Yards projects encompasses residential and commercial. The area will include new luxury condo and rental buildings including 15 Hudson Yards. The building, an innovative design by Diller Scofidio + Renfro in collaboration with the Rockwell Group, will stand 88 stories tall with 285 condominiums. The building will bring a new level of luxury-living to the far west side of Manhattan. Residents will have access to all the amazing benefits of the Hudson Yards project. The building will feature a unique 2-level lobby with soaring ceilings and offer spectacular views of the Hudson, Manhattan skyline, and center piece by Heatherwick Studio. Residents will also be steps away from the new 14 acres of parks that are being constructed. Residences range in size from 1-4 bedrooms with duplex penthouses. 

221 West 77th Street

via

This new Upper West Side building is situated on a newly transformed section of West 77th Street, located between Central and Riverside Parks.  The project is a mix of old-world charm and contemporary designs by designer Thomas Juul-Hansen. Residences will feature floor-to-ceiling windows, offering abundant light and luxurious details and finishes throughout such as hand-painted kitchens. Amenities will include a spacious landscaped roof with gas fire pit, billiards room, basketball court, and state-of-the-art fitness facilities. 

Holiday Tipping Guide: How Much Should You Tip?

The holiday season is always a time to give back to those that had a positive impact on our lives over the past year. One question that always comes up, especially in New York City, is how much to tip the building staff and those that are intimately involved in day-to-day life?

Holiday tipping is an opportunity to give back to those that make running our daily lives a bit easier. Thus, it is important to say that it is highly encouraged, but not required. As December rolls around, many begin to get anxiety about who to tip, how much to tip, and if he or she should even tip at all. 

Our friends at Brick Underground publish a go-to holiday tipping guide, which has been circulating since 2013. We condensed it, and put our take on what is appropriate as you budget for your holiday tipping. Remember, these are simply guidelines. There are many factors that can influence the tipping decision such as the size of the building (a larger staff equates to smaller individual tips), level of service, seniority, and time in building. 

Renters: Tips do not have to equate to the dollar amount you are paying each month for rent. If you receive a lot of packages, have a stroller that is carried in and out of the building, etc., factor this into your tip. 

It is recommended that you tip in cash. Doorman, Concierge, Supers, etc. all of bills to pay like you and I- they are not looking for fruit cakes, cookies, or homemade gifts at the holidays!

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Tipping Guidelines

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Super: $150-200
Doorman/Concierge: $100-150
Nanny: 1 Week Salary
Housekeeper: 1 Week Salary
Dog Walker: 1 Week Salary
Driver: 1 Week Salary
Personal Trainer: $100
Chef: $300-500
Personal Assistant: 1 Week Salary
Hairdresser: $50-75
Manicurist: $25

Something to Consider: If you have been tipping throughout the year utilizing a "pay as you go" method, it is customary to tip on the lighter side during the holiday season.

Special Feature: Art Basel Miami + Oceana Launches

Art Basel Miami Beach is annual event that celebrates the art world, bringing the whos who from around the world to Miami. Art Basel brings Miami to life each December, sparking satellite art exhibits, real estate parties, and product launches.

Art Basel brings together top galleries from North America, Latin America, Europe, Asia, and Africa. Visitors can enjoy everything from Basquiats, Warhols, and Picasso to young up and coming artists as well. The art exhibition, a sister show to the original in Basel, Switzerland, attracts over 70,000 visitors the Miami convention center. 

Luxury partners like UBS, Davidoff, Audemars Piguet, BMW, and Ruinart are event sponsors. 

Art Basel transforms Miami into a huge cultural center the week of the exhibition. Because art buyers are linked to so many other industries, it is also a great time to explore Miami culture from shopping, dining, and real estate. 

Luxury brands hosted exclusive parties across town. We attended the Perrier-Jouet opening night of its L'Eden Miami at Casa Faena. Casa Faena is located in the hottest newly developed neighborhood of Miami Beach, the Faena Art District. The invite-only event hosted by Vanity Fair allowed guests to sample the best cuvées from the French Champagne house.  We toured some of the beautiful new development that is arriving to Miami as the real estate market continues to move ahead at full force here. 

Miami New Development

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South Florida is booming with exciting new development. From Sunny Isles to South Beach and across to downtown Miami, cranes are visible in the sky, working to build the next luxury condominium. Two luxury projects to put on your radar are the boutique condominium One Ocean in South Beach and the ultra-luxury Faena House in Mid Beach.

One Ocean South Beach

1 Collins Avenue

One Ocean is a development by Related in conjunction with architects Sieger Suarze and Enrique Norten. Interiors are done by Yabu Pushelberg with exteriors by renowned landscape architect Enzo Enea. The boutique building is comprised of 50 units- 46 residences and 4 ocean villas. The residences range in size from approximately 2,000 square feet to over 3,500 square feet. Amenities include an infinity edge pool, 24-hour concierge accessible by iPad, curated contemporary art throughout the common areas, and access to a private beach club.

Faena House

3315 Collins Avenue

Faena House is an ultra-luxury development by Alan Faena, who developed the most successful neighborhood in Buenos Aires. Designed by Foster + Partners, the building is comprised of 1-4 bedroom homes as well as penthouse units with up to 8,000 square feet of living space. The 18 story Faena House is situated on the widest stretch of white sand beach in Miami Beach. The residences feature a Crestron home automation system accessible by iPad, and every luxury amenities, including access to the neighboring Faena Hotel collection of amenities as well.

Oceana Launches at Art Basel

With Jeff Koons

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The project we are representing in the exclusive enclave of Bal Harbour celebrated its launch during Art Basel Miami. This was the perfect time to celebrate Oceana which is situated on 400 feet of pristine beachfront as the building is home to 2 Jeff Koons sculptures that residents will jointly own. Jeff Koons was personally at the launch to unveil the sculptures, Ballerina and Pluto & Proserpina, and give remarks about his works. Guests enjoyed an evening by the ocean and the Oceana pools, taking in the sculptures as well as the gallery quality art pieces located in the lobbies of the north and south towers. The building was received very positively by the guests in attendance. If you are interested in exploring the Oceana project, pricing, or floorplans, please contact us to schedule a confidential meeting.

5 Dessert Ideas for a Sweet Thanksgiving + The Macy's Parade

While everyone loves the turkey and may have a favorite side dish (or 2), dessert is always a crowd pleaser at the Thanksgiving dinner table. As they say, the best is always saved for last! We certainly have a sweet tooth here at The Victoria Shtainer Team. We have curated a list of some of our favorite pies and sweets available from bakeries around New York City as well as a recipe for making if you are feeling ambitious!

Continue reading for great dessert ideas, a dreamy kitchen, and a look at this year's Macy's Thanksgiving Day Parade.

A photo posted by Balthazar Restaurant & Bakery (@balthazarny) on Nov 19, 2016 at 1:04am PST

Balthazar: The French bakery makes seasonal items throughout the year. A crowd pleaser for Thanksgiving is the Sweet potato-Pecan pie- the quintessential dessert for the fall season! Other sweet treats and tarts are available as well.

Balthazar: 212.965.1785

A photo posted by Lady M Confections Official (@ladymcakes) on Nov 16, 2016 at 4:42am PST

Lady M- Home of the famous Mille Crepe cake. We have not met a person that does not like the cakes from Lady M bakery. Available in a variety of flavors to satisfy any palette. We recommend the Hazelnut or Classic. You might want to pick up 2 as this cake will not last long around the table!

Lady M Cake Boutiques: 212.452.2222

A photo posted by Bubby's (@bubbyspieco) on Jul 30, 2016 at 4:20pm PDT

Bubby's- Bubby's, known for its American cooking opened its doors on Thanksgiving day in 1990. It has become a spot in the city synonymous with comfort food and good cooking. Try the Sour Cherry pie- Michigan sour cherries with a butter and lard lattice pastry crust.

Bubby's Tribeca: 212.219.0666

A photo posted by City Bakery & Birdbath Bakery (@citybakerydaily) on Nov 20, 2016 at 9:24am PST

City Bakery: You love them for their Mac & Cheese and delicious hot chocolate, so you can only imagine how great the Thanksgiving desserts are from City Bakery. They are best known for their Cranberry, Caramel, Almond tart which serves 10-12.

City Bakery: 212.366.1414

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Do It Yourself

Ooey Gooey Pumpkin Cake

Serves 6-8

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If you are looking to bake your own dessert for Thankgiving, we recommend this decadent gooey Pumpkin Cake...it just might become the new crowd favorite and holiday tradition! The recipe is fairly easy, even for the novice baker!

Ingredients:

Cake: 
-1 (18 1/4-ounce) package yellow cake mix
-1 egg
-8 tablespoons butter, melted

Filling:
-1 (8-ounce) package cream cheese, softened
-1 (15-ounce) can pumpkin
-3 eggs
-1 teaspoon vanilla
-8 tablespoons butter, melted
-1 (16-ounce) box powdered sugar
-1 teaspoon cinnamon
-1 teaspoon nutmeg

Directions: Preheat oven to 350 degrees F. Combine the cake mix, egg, and butter and mix with an electric mixer. Pat mixture into the bottom of a lightly greased 13 by 9-inch baking pan.

To make the filling: In a large bowl, beat the cream cheese and pumpkin until smooth. Add the eggs, vanilla, and butter, and beat together. Next, add the powdered sugar, cinnamon, nutmeg, and mix well. Spread pumpkin mixture over cake batter and bake for 40 to 50 minutes.

*Make sure not to over bake as the center should be a little gooey!

We recommend serving it with vanilla ice cream and some whipped cream!
 

Featured Kitchen

What's Thanksgiving without a beautiful kitchen? For many, the kitchen is the heart of the home. We love the kitchen in our exclusive, 151 East 58th Street, 47A. It features top-of-the-line appliances so your meal comes out perfectly. Not to mention, the flatscreen TV makes strenuous meal prep easier, especially with the stunning city views in the background!

151 East 58th Street, 47A

3 Bed | 3.5 Bath | $13,995,000

 

2016 Macy's Thanksgiving Day Parade

via Huffington Post

The parade is a city tradition dating back to 1924, making it the second oldest Thanksgiving parade in the country, which attracts more than 3.5 million to the streets and an even larger audience via television. This year marks the 90th parade, and Macy's has set up a special interactive website to browse through the parade over the decades and get a look at this year's lineup. The parade is, perhaps, best known for its large balloon class which has featured many cultural icons over the decades. This year, the lineup is slated to include the likes of Pikachu, the Elf on a Shelf, and Angry Birds to name a few. The parade route is 2.65 miles long, starting at 77th street and Central Park West.

Route: 77th at Central Park West south to 59th Street.
East on 59th Street to 6th Avenue.
South on 6th Avenue to 34th Street.
West on 34th Street to 7th Avenue.

The viewing areas along the route gets incredibly crowded. It is recommended that you arrive no later than 6:30am if you plan to scout out a good viewing spot along the route.

Happy Thanksgiving!!

-The Victoria Shtainer Team

Why Midtown is Really the Center of New York

New York City is one of the most vibrant and culturally rich cities in the world, with neighborhoods to match anyone's personality. Some neighborhoods offer more than others, but one in particular, Midtown, really is the center of New York. 

Looking at a NYC map, Midtown is physically at the center, but it is also at the center of arts & culture, dining, and a real estate revolution. Residents of Midtown are in proximity to some of the best the city has to offer in all of these categories. 

Midtown is close to many office buildings and transportation hubs such as Grand Central making it a convenient neighborhood to walk to work and then revel in all the cultural options afterwards.

Arts

The Midtown cultural district is home to a lengthy list of art galleries, museums, and auction houses that extends into the neighboring Upper East Side. In addition to the museums and auction houses, Midtown is also home to many public art installations that one can enjoy by simply strolling through the area.

Office buildings throughout Midtown East serve as art galleries of sorts, with buildings such as IBM and Jeffries serving as home to unique art pieces in their lobbies respectively. The outdoor space at the famed Seagram building, a highly utilized plaza, has been home to public art displays. This summer, we saw the sculpture "Welcome Parade" by Jean Dubuffet on display in the plaza. The Lever House has also been home to many art installation both outdoors and in the lobby as well. Jeff Koon's sculptures have called the Lever House lobby home.

You may have also noticed various sculptures along the green spaces of Park Avenue, changing over the course of months and years. The Fund for Park Avenue, which is responsible for maintaining the flowers and plantings, spearheaded the sculpture displays along the avenue. These installations have been enjoyed by many, locals and tourists alike. 

Where to Go:

• Museum of Modern Art: 11 W 53rd Street
• Christie's: 20 Rockefeller Plaza
• Phillips: 450 Park Avenue
• The Morgan Library: 225 Madison Avenue
• Howard Greenberg Gallery: 41 E 57th Street

Dining

The culinary options in Midtown are unrivaled, with virtually everything at your finger tips including some of the most highly regarded restaurants of the city. Enjoy quaint bistros and diners along 2nd Avenue, or more upscale and trendy places along 5th and Madison Avenues. 

The dining scene is undergoing an exciting change, with some heavy hitters in the industry coming to the area. Major Food Group (of Carbone, Dirty French, and Sadelles fame) has been tasked with revitalizing the former Four Seasons Restaurant, which many might say is an unofficial New York City landmark. Major Food Groups slated renovation for the space includes a grill room and a modern pool room. 

The second notable arrival to Midtown East is  celebrity chef Joel Robuchon. Robuchon has more Michelin stars than any other chef in the world, amassed from at his restaurants in culinary centers around the world. Robuchon will be opening a new restuarant and market place in the Foster + Partners development, 100 East 53rd Street. 

Where to Eat:

• Casa Lever: 390 Park Avenue
• Le Cirque: 151 E 58th Street
• Avra Madison: 14 E 60th Street
• The Baccarat- Grand Salon: 28 W 53rd Street
• The Polo Bar: 1 E 55th Street
• Philippe: 33 E 60th Street

Real Estate Revolution

In addition to the evolution of the dining and shopping options, Midtown is also experience a real estate revolution, with the hottest, eye catching new development popping up in the neighborhood.

Midtown has, in a sense, always been at the forefront of architecture and design, dating back decades. The Mid-Century design of buildings such as the United Nations and the Lever House were revolutionary at the time, standing in contract to the stone Park Avenue facades. The new developments are situated well among their architecturally pleasing neighbors. 

57th Street has been a key component in the transformation of the luxury real estate market in New York, with the arrival of super-luxurious (and pricey) pads that began a competition of "who can build the tallest residential tower" in New York. Among the most famous is 432 Park Avenue, the slender square building that towers over the Manhattan skyline. If you haven't done so, get a look inside 432 Park Avenue. Other notable new development include the MoMa Tower at 53 West 53rd Street, 520 Park Avenue, and glass tower rising at 100 East 53rd Street.

100 East 53rd Street

via City Realty

Foster + Partners are bringing their latest project in the form of a sleek, glass tower that is rising at the corner of 53rd Street and Lexington Avenue. Situated behind the landmark Seagram Building, One Hundred East Fifty Third is designed by architect Norman Foster and will stand 63 stories tall, featuring a glass curtain wall exterior. 

The 94 homes range in size from lofts to 3 bedroom full-floor residences. Lofts are characterized by exposed raw materials done in an elegant way such as finished concrete walls that are perfect for displaying artwork and diamond-polished high-grade concrete floors.

Residences have floor-to-ceiling windows with UV protection, kitchens outfitted with Gaggenau appliances and wired brushed oak cabinets. Tower residences feature custom millwork designed by Foster + Partners, Italian Carrara marble countertops, and aquabrass fittings in the master baths. Some tower residences have private elevator entrances. 

via 100 E 53rd

The views from the tower residences are sure to be stunning!

Amenities: The amenity space will be on the third and fourth floors, with a 1,200 square foot wellness center complete with sauna and steam room, a pool, and library. The restaurant by Joel Robuchon will comprise the first and second floors. There will be a gourmet market accessible to the public on the ground level and a fine dining restaurant located on the second floor.

Example Availability: Residence A Floor 24: 2 Bed, 2.5 Bath comprised of 1638 square feet. $5,500,000.

Also Available in Midtown East- The Victoria Shtainer Team is also pleased to offer a unique residence at the heart of the Midtown East neighborhood at the luxurious One Beacon Court Condominium- 151 East 58th Street, 47A

If you are interested in scheduling a private showing to preview 100 East 53rd Street or 151 East 58th Street, 47A, please contact The Victoria Shtainer Team.

The Building that is Changing the Lower East Side

Driving down the FDR or across the Manhattan bridge, you probably have noticed a rising tower positioned near the Manhattan bridge. What is that building you may wonder?

We have written countless times about the exciting change that a large portion of lower Manhattan is experiencing from the opening of the Four Seasons first private residences in New York at 30 Park Place to the revitalization of the Seaport District spearheaded by the injection of $1.5B by the Howard Hughes Corporation.

The most recent transformation for lower Manhattan, in an area of the Lower East Side close by to the Seaport District, is Extell's newest glass tower, One Manhattan Square. Extell, which has transformed other areas of the city such as 57th Street with its One57 project seems to be doing the same for this neighborhood of the Lower East Side. One Manhattan Square is slated to soar to 800 feet tall, and because of its extensive amenity offerings, has been dubbed "the vertical village." How will this new super tall, luxury building change the Lower East Side neighborhood?

A photo posted by One Manhattan Square (@onemanhattansquare) on Sep 14, 2016 at 2:55pm PDT

Extell celebrated the launch of sales at this new downtown skyscraper with a party at the expansive sales gallery. Guests were able to see the building model firsthand, and gain a perspective of how it will fit into the skyline along the FDR Drive, close to the Manhattan Bridge. Because of its location, One Manhattan Square will offer some of the best rive and skyline views downtown.  

Additionally, guests listened to remarks from Extell CEO Gary Barnett as he discussed how excited Extell is to bring a luxury product of this magnitude to the area. The sales gallery gave guests a slight perspective into the views that residences will have as well as an up close look at the kitchen and bathroom finish packages.

About One Manhattan Square

The new project will be located at 252 South Street, located at the crossroads between the Seaport District and the heart of the Lower East Side. Its proximity to both makes it ideally situated for access to an expansive array of city culture. The Lower East Side is one of the most dynamic neighborhoods of the city, filled with energy, culture, and style. Here, one can find a place where glamour meets grungy, where beautiful street art is located next to some of the most fashionable stores, bars, and restaurants. 

Key Facts:

• 800 foot-tall modern, glass tower

• Interiors by Meyer Davis

• Exterior gardens designed by internationally-acclaimed landscaping architects, West 8

• 100,000 + square feet of indoor and outdoor amenities

• Availability starting with 1 bedroom units

• **The building has a tax abatement for 20 years.

The residences at One Manhattan Square will offer panoramic water and skyline views, especially on the higher floors, because of the building's unique location. Buyers will have the opportunity to select from two kitchen and bath finish packages, either the Dawn or Dusk package. The latter being comprised of darker materials. Residences will feature oak flooring, custom, imported finishes, kitchens outfitted with Miele appliance packages and Dornbracht fittings,  and marble walls in the master baths. 

Amenities have been a differentiator for developers in a very competitive new development market, and the amenity package at One Manhattan Square is extensive to say the least, and unlike many we have recently seen. 

The building will offer over 100,000 square feet of indoor and outdoor amenities that will render it its own "little village" of sorts. 

Outdoor: expansive gardens and courtyards including social courtyards, outdoor kitchen and dining spaces, a tea pavilion, and fire pits.

A photo posted by One Manhattan Square (@onemanhattansquare) on Jul 14, 2016 at 2:43pm PDT

Indoor: a multi-level wellness center that will include a squash court, golf simulator, pool, spa, and access to classes such as spinning, yoga, and dance. Additional indoor amenities will include a cellar bar, culinary lounge, bowling alley, screening room, and children's playroom. 

A photo posted by One Manhattan Square (@onemanhattansquare) on Nov 3, 2016 at 4:16pm PDT

Example Availability: 1 Bed/1 Bath offered at $1,179,000 with estimated monthly common charges of $775 and estimated monthly real estate taxes with the 421A abatement of $13.

Interested in living downtown and experiencing the exciting transformation of the area? Please contact us for more information about One Manhattan Square or to schedule your private appointment.

Images: Shelly Kroeger and BFA

9 Best Places for Your Weekend Brunch in NYC

We all know that New York is the best city to live, shop and find something new around every corner, but finding your spot for a weekend brunch does not need to be a farfetched exploration. We’ve created the master list of holy-grail Manhattan brunch go-to spots, so you don't have to.  From classic bagels to party brunches, we have you covered.

Jack’s Wife Freda 

A photo posted by jackswifefreda (@jackswifefreda) on Oct 18, 2016 at 5:43am PDT

Food: 4
Vibe: 3.5
Reservations: Only needed for parties of 6 or more, otherwise it is a walk-in basis

Thoughts: Jack’s Wife Freda garners a culinary adventure, with brunch options ranging from duck bacon to rose water pancakes, but certainly not at the cost of some go-to classics—it is the closest you can get to a glorified diner. However, it may not be the best option for Sunday brunch, unless you’re into a loud atmosphere and the occasional elbow in your back if you’re at the communal table. In all, if you’re looking for a slight twist on your typical brunch and have time for an 11am on a Wednesday, this is the place for you. 

224 Lafayette Street- 212.510.8550

Sarabeth’s 

A photo posted by Sarabeth's (@sarabethsnyc) on May 24, 2014 at 7:08am PDT

Food: 4
Vibe: 4
Reservations: Yes, but they go quickly

 Thoughts: Sarabeth’s, does it get more classic New York City? No one has ever fought sitting down to ricotta pancakes topped with strawberries and maple syrup on a Sunday morning, and when we do, we certainly have wanted more! Sarabeth’s can always be trusted to serve a good, not great, but good, brunch with all of the bells and whistles one could hope for. While it can get loud at times, if you snag an outdoor seat during the warmer months you will be set for a very enjoyable brunch. Sarabeth’s is for the the brunchers who love the classics and simplicity of a New York City Sunday brunch. 

40 Central Park South- 212.826.5959

Lavo 

A photo posted by LAVO Restaurant & Nightclub NY (@lavony) on Oct 23, 2016 at 8:05am PDT

Food: 4
Vibe: 5
Reservations: Yes

Thoughts: Lavo may not be known for its brunch, but certainly should not be forgotten. Every Sunday, Lavo serves up brunch options ranging from lobster eggs benedict to an 8oz center cut, all of which taste just as good as one could hope. This brunch is certainly for those who are willing to expend their daily calorie intake on one meal over a bottle of Dom Perignon, and, hopefully, already have a Soul Cycle class booked for much later in the day! 

39 East 58th Street- 212.750.5588

Bagatelle 

A photo posted by Bagatelle New York (@bagatellenyc) on Sep 17, 2016 at 11:11am PDT

Food: 3
Vibe: 5
Reservations: Yes 

Thoughts: Bagatelle embodies the spirit of a Sunday Fun-day brunch in the Meatpacking District. Though some of the dishes are outstanding, like the Nutella French Toast and Truffle Pizza, others, like the gnocchi, are on par with a mediocre Italian restaurant. However, that should not be a deterring factor when considering Bagatelle. The Sunday brunch mix of young professionals and early 40’s, along with a lively DJ who creates a subtler version of the Lavo atmosphere, makes for a brunch where you will want to hang around for hours, but can still have a conversation at your table. 

1 Little West 12th Street- 212.488.2110

Sadelle’s 

A photo posted by Food Is ❤️ (@artsandfood_nyc) on Oct 31, 2016 at 7:48am PDT

Food: 5
Vibe: 5
Reservations: Yes

Thoughts: Sadelle’s perfectly executes the New York City (at home) brunch classic of a bagel with lox and cream cheese, but in a posh SoHo atmosphere. If a bagel created exactly how you want it to be is not enough, Sadelle’s will win you over with their dramatic atmosphere from an entrance next to fresh fish being sliced and a caviar bar, to shouts when a new batch of bagels come out of the oven. If bagels are not for you, certainly try the French Toast—it is arguably one of the best in all of Manhattan. However, make sure to book a reservation and get there early because, no matter what, there is always a wait. 

463 West Broadway- 212.776.4926

Veselka 

A photo posted by LIZZY KIM (@lilhkim) on May 30, 2016 at 8:08pm PDT

Food: 5
Vibe: 3
Reservations: No

Thoughts: Veselka is the home to some of Manhattan’s best Ukrainian food and an unapologetically good brunch. If you’re familiar with Ukrainian food, or would like to venture toward the world of authentic pierogis, Veselka should become a must on your list of Sunday brunch go-to spots, even if it is not your regular location. Veselka is known for its Borscht and Pierogis as well as its all day breakfast and vegetarian options. Additionally, the outdoor seating cannot be beat during the warmer months. However, Veselka does not take reservations, so make an effort to get down to the Ukrainian Village before the local crowd beats you there. 

144 2nd Avenue- 212.228.9682

Santina 

A photo posted by #EatingNYC: NYC Food & Travel (@eatingnyc) on Jan 14, 2015 at 10:06am PST

Food: 4
Vibe: 4
Reservations: Yes

Thoughts: If the frost of Manhattan winters gets to you, or you just want to be transported to a tropical paradise in the middle of the Meatpacking District, Santina is a must try. With youthful, but tasteful décor accompanied by an amazing frittata, Santina brings one of the most delightful brunch experiences to the city. Though the service can be a bit inattentive at times, the rest of the atmosphere creates a laid back vacation feeling that compensates for the service. Although Santina is probably not a go-to Sunday brunch, every once in a while when you feel like you need to get away from the city, you will find the most divine experience at Santina. 

Mari Vanna 

A photo posted by Mari Vanna NYC (@marivannany) on Oct 3, 2016 at 11:50am PDT

Food: 4.5
Vibe: 4.5
Reservations: Yes, not that hard to get 

Thoughts: Mari Vanna transports anyone who enters to the most beautiful little restaurant in Russia, but in the convenience of Manhattan’s own Flatiron District. If brunching is a timeless abyss for your crowd, Mari Vanna serves Sunday buffet style with bottomless mimosas welcoming all guests to stay awhile. If you get there for brunch one Sunday, make sure to the Serbian Pelmeni and the Napoleon.

820 Washington Street- 212.254.3000

Le Bilboquet 

A photo posted by Donnelly Marks (@donnellymarks) on Oct 29, 2016 at 10:31am PDT

Food: 5
Vibe: 5
Reservations: They do not accept reservations 

Thoughts: Le Bilboquet is inarguably one of the all-time greatest brunches in New York City. 
Le Bilboquet has, hands down, some of the best Cajun Chicken and Tuna Tartar in Manhattan as well as unmatched service, from a coat check to a perfectly trained wait staff. Though the no-reservation policy can be tough to work around, you can almost always get a table for brunch on Saturday’s. However, the loud, yet intimate, setting is perfect to get you up and moving for an earlier brunch. For all the Upper East Siders, Le Bilboquet should at least make it to the must try list, if not your weekly brunch. 

20 East 60th Street- 212.751.3036

This is a guest blog written by Teddy Bulajic

Halloween In New York City: Haunted Places & What to Do

Get into the Halloween Spirit in NYC

Halloween is just around the corner, and if you aren’t in the spirit yet, perhaps these spooky places around the city will get you in the mood for some Halloween fun. Given the rich history of New York City and the different dynamics of each neighborhood, it is no surprise that haunted buildings can be found from Battery Park City to Washington Heights. 

We’ve rounded up some of the best known haunted buildings in New York City and the surrounding areas….stroll by if you dare! Check out some ideas of how to celebrate and one of our favorite new developments near the famed parade route!

The Dakota:

The storied Upper West Side apartment building might have more guests than the residents. The building was the setting for the 1968 Roman Polanski film, Rosemary’s Baby, and the site where John Lennon was shot to death in 1980. Over the year since, there have been various accounts by workers and residents seeing John Lennon’s ghost and little girl wandering the halls. 

1 West 72nd Street

The House of Death:

via

The name says it all! The building located at 14 W. 10th Street is dubbed the most haunted building in New York. Mark Twain was a resident from 1900-1901 and recounted having supernatural experiences at the building over a century ago. The building was the site of Joel Steinberg’s beating and killing of his adopted daughter in 1987. Stories say a little girl can be seen wandering the halls and around the building. 

14 W. 10th Street

Hotel Chelsea:

The iconic Hotel Chelsea, a favorite among cultural stars over the decades, is said to be home to many ghosts. The hotel was the setting for the gruesome murder of Nancy Spungen. Nancy was the girlfriend of Sex Pistols bassist Sid Vicious. They had a very tumultuous relationship centered around drug abuse. Sid murdered his girlfriend in room 100 of Hotel Chelsea and later died in the hotel from a heroin overdose. It is said that, perhaps, the couple never left the hotel.

222 W. 23rd Street

The Manhattan Well:

via

The Manhattan Well, today home to clothing store COS, was the site of an 18th century murder that caused one of the greatest scandals of New York society at the time. The story says that in 1800 Gulielma Sands was found at the bottom of the Manhattan Well, said to have been impregnated by Levi Wells he was later accused of her murder. The well was filled in but later rediscovered in 1980. The site was formerly a restaurant and now a clothing store. In fact, the well is visible on the lower level of the COS store, with store mannequins positioned right by it. Visitors say Sands’s spirit still lingers on the property. 

129 Spring Street

Amityville Horror House:

via

Located approximately 2 hours outside of New York is Amityville on the south shore of Long Island. Amityville is the setting for the series of horror movies and books entitled “The Amityville Horror.” The story is based on the Lutz family’s purchase of the home from the DeoFeos. The home sat empty for 13 months after Mr. DeFeo murdered six members of his family in the home. The Lutz said after moving into the home, their children started acting erratically and flies filled the home. Ultimately, the Lutz family only last 28 days in the home. 

112 Ocean Avenue, Amityville, New York.

What To Do in New York for Halloween 2016

Halloween is very popular in New York City, so finding something to do to celebrate can be daunting is there are so many events from which to choose. Below, we have curated a small list of some of the top events for Halloween 2016 in the city. 

Supercinema’s Inferno at The McKittrick Hotel

A Halloween dance party at the location of the popular Sleep No More. This year’s party is themed “A Monster Dance Party”, drawing inspiration from some of the most classic monster movies of all time. Upon registering for tickets, guests must select from a list of curated monster costumes. Note: you must show up in costume! The party includes live performances, DJs, and an open bar all night. 

530 W. 27th Street

Blood Manor

If you are looking for pure fright, this is the event for you. Blood Manor, currently in its 10th year, has been dubbed NYC’s premier haunted house. It is comprised of over 5,000 square feet of horrors, guts, and creepy clowns...and of course, blood. This year, a new disorienting 3-D room has been added to up the fright! 

Note: This haunted house has been deemed too scary for children under 14

163 Varick Street

Boo at the Zoo- The Bronx Zoo

The Bronx Zoo is the perfect place to go in the month of October if you have little ones. Boo at the Zoo will be running on weekends October 1-30th. The event includes a myriad of fun activities for the family to enjoy from a large display of Jack O’lantern creatures to a costume parade and hay maze. 

2300 Southern Boulevard, Bronx NY

Village Halloween Parade

The village Halloween parade is, perhaps, the pinnacle of the holiday in the city. The village parade is the largest Halloween parade in the world, and one of the biggest participatory events. The parade will include hundreds of costumes, bands, and dancers. The event is best known for its “anything goes” attitude, so you never know what you will see strolling up 6th avenue in the parade! The parade starts at 7pm, but plan to get there significantly earlier to scout at a seat along the parade route as it gets completely packed. 

Looking to participate? You must show up in costume and line up at Canal Street and 6th Avenue

Parade Route: 6th Avenue between Spring and 16th Streets

The Shephard-  Life In the Heart of the West Village

Moments from the parade route is one of the hottest new developments in the West Village, The Shephard. Located at 275 W. 10th Street, The Shepard represents a quintessential west village living experience. From its unique carriage house entrance to its vaulted ceilings and arched windows, the residences at The Shephard simply feel like home.

The Shephard recently celebrated the launch of its model residence, and The Victoria Shtainer Team was in attendance to experience the residence first-hand. The model residence, design by Huniford Design Studio is warm and inviting, with natural tones throughout the apartment. The residences at The Shephard feature generous eat-in kitchens and oversized master baths.

Photos: Michael Ostuni & The Victoria Shtainer Team

For updated availability or to schedule your private showing at The Shephard, please contact The Victoria Shtainer Team.

30 Park Place Four Seasons Downtown Penthouse Unveiling

30 Park Place, the first private residences by the Four Seasons in New York, has had an overwhelmingly positive reception since its launch. The building is positioned conveniently in the heart of downtown Manhattan, moments from The Oculus, TriBeCa, and SoHo. 

30 Park Place is a Silverstein Property designed by Robert A.M. Stern architects and is currently the tallest residential tower in lower Manhattan standing at 937 feet. Because this is the Four Seasons Private Residences, residents of 30 Park Place enjoy a suite of amenities and offerings that offer an unparalleled luxury living experience. Residents can enjoy access to hotel amenities such as the indoor lap pool, in-residence dining from Wolfgang Puck's CUT, and car service. 

Atop 30 Park Place is a collection of penthouses which offer a downtown living experience unlike any other currently on the market. The views from the penthouse floors are breathtaking, affording a view of the Manhattan skyline that is truly unique. 30 Park Place hosted an exclusive unveiling of Penthouse 78B to a crowd of top brokers and industry insiders. 

Penthouse 78B is currently on the market for $29.5M. The duplex unit is comprised of 5 beds and 6.5 baths spanning over 5,900 square feet of interior space with a 400+ square foot terrace. The terrace, perched over 800 feet in the air has sweeping southern exposures with direct views of The Oculus and World Trade Center. 30 Park Place has some of the highest private terraces in the city. Penthouse 78B's interiors have been curated by Robert Couturier. 

Guests enjoyed flowing champagne and hors d'oeuvres while mingling throughout the expansive penthouse. Silverstein Properties chairman Larry Silverstein gave a few remarks about the project and the building, speaking to the uniqueness of living in the Four Seasons and the revitalized lower Manhattan as a 24/7 bustling neighborhood since September 11th. Guests also enjoyed music from world-class violinist Gregory Harrington.

There are still a handful of units available in 30 Park Place, ranging from 1 bedrooms to the special penthouses up to 5 bedrooms. The building is selling out quickly because there is nothing else like it in lower Manhattan.

The Victoria Shtainer Team is also pleased to present an exclusive rental opportunity, unit 44E. This is one of the best priced 3 bedroom opportunities to experience living at the Four Seasons, asking $14,995/month with no fee! 

For your exclusive tour of 30 Park Place, contact The Victoria Shtainer Team.

 

Photos: The Victoria Shtainer Team & Joe Woolhead, courtesy of Silverstein Properties

What You Need To Know: The Seaport Revitalization

A Neighborhood Steeped in History

The 11 block Seaport neighborhood is considered one of Manhattan’s oldest, dating back to 1625. The Dutch West India Company established an outpost at the Seaport, establishing it as a mercantile and shipping port almost 4 centuries ago. 

The Seaport has gone through many trials and tribulations as a neighborhood. The port was occupied by the British during the American Revolution, many of the buildings were burned to the ground in a fire in 1835, and by the late 1880s the port had become too shallow for large ships to dock. 

Today, after surviving both September 11th and Hurricane Sandy, the Seaport District is seeing a very large revitalization, and is becoming a focal point of life in downtown Manhattan. A mix of commercial projects headed largely by Howard Hughes and residential projects is transforming the area and the skyline. 

The New Center of Downtown

While the plans have changed multiple times and some remains uncertain, one thing is certain: the Seaport is experiencing a dramatic revitalization spearheaded by the injection of capital from the Howard Hughes Corporation. The revitalization comes at a time when all of downtown Manhattan is experience a “coming to life,” a process that begun after much of the area was ravished by Hurricane Sandy.

The revitalization is centered around the transformation of 3 iconic buildings in South Street Seaport: Pier 17, the Tin Building, and Fulton Market. The project will render the Seaport a shopping, dining, and cultural hub of Manhattan. 

Pier 17- Pier 17 is the centerpiece of the Seaport Revitalization project. A new Pier 17, slated to open next summer, will be home to shops, restaurants, arts, and have rooftop space as well as a newly constructed outdoor plaza. The 4-level structure already has some big names jumping on board. So far we know that Jean Georges will be opening a seafood restaurant, David Chang is bringing is widely popular Momofuku, and Milan-based fashion and lifestyle concept Corso Como will be opening its first New York outpost. 
Tin Building- The historic building will be revamped and reconstructed, serving as the home to a 40,000 square foot food market. The market will also be curated by Jean Georges.

Fulton Market Building- The Fulton Market building is hallmarked by a luxury iPic movie theater that is now open. The theater consists of 8 screens and seating for 505 people. The seats are plush recliners, and viewers can take advantage of food and beverage service. The other announced tenant so far is The Tuck Room, a modern speakeasy with crafted cocktails.

Other Arrivals: In addition to the three large developments above, the Seaport is welcoming a host of new arrivals to the area from shopping to dining. By Chloe will be opening a 2,500 square foot restaurant on Front Street and fashion label Scotch & Soda is opening on Schermerhorn Row, the cobblestone section with 19th century commercial buildings. Additionally, the only Manhattan outpost of Smorgasburg calls Seaport home. 

New Luxury Residential Development in Seaport Area

Along with the commercial development occurring downtown is a wave of residential development as well. Lower Manhattan has become a desirable area for city newcomers as well as long time residents.

via 1Seaport.com

1 Seaport: 1 Seaport embraces life on the water. The 60 story glass tower is a development by Fortis Property Group and consists of 80 units. Because of updated building requirements since Hurricane Sandy, architects have developed thoughtful design to relocate generators, elevator motors, etc, and as a result, 1 Seaport has a unique 2 story entrance with a second floor lobby. 

The residences are completed with luxurious finishes such as gold calcutta marble backsplashes, Gaggenau appliances, and grey limestone in the bathroom. The full suite of building amenities includes a port-cochere, fitness center overlooking the water with Brooklyn Bridge views, and a “Water Club” on the 30th floor with hydrotherapy and a pool.

The building has been tremendously popular with only a few units remaining. As of writing this, availability ranges from a 2 Bed/2 Bath  asking $2.935M to a 4 Bed/4.5 Bath $17M.

via One Manhattan Square-Extell

One Manhattan Square: One Manhattan Square at 252 South Street, while not directly in the Seaport District, is moments away. Slated to be 80 stories tall, the new development by Extell will be changing the skyline along the East River. 

The 1-3 bedroom homes are slated to launch sales this month. Extell calls the project a “vertical village” which will offer 360 degree panoramic views of the city. Interiors have been designed by Meyer Davis who has designed world-class hotels around the world. Amenities include expansive gardens, a squash court, swimming pool, and access to exercise classes. 

Interested in living in the Seaport now? In addition to new development, the area has a selection of listings on the market available now. Below are some of our favorites.

via City Realty

130 Beekman Street: With a classic brick exterior that is characteristic of the Seaport area, 130 Beekman Street is situated on the corner of Beekman and Water Streets.

We particularly love unit 2B, currently on the market with a triple-mint renovation!

via City Realty

272 Water Street: Located on a cobblestone street, 272 Water Street offers a boutique experience in a pre-war condo. 

Unit 3/4F, currently on the market, is the ideal Manhattan loft. The duplex loft features 2 Beds/3Baths and has modern touches such a Carrera marble countertops, and heated floors in the master bath.

via City Realty

170 John Street: 170 John Street is a boutique 15-unit Condo with 3/4E currently on the market. We love this fully modeled duplex loft that blends the old-world charm of Seaport lofts with modern finishes. Details include Wolf and SubZero appliances, solid oak flooring, and a wood-burning fireplace.

Interested in seeing any of the properties mentioned above? Contact Us to schedule your appointment!