5 Things to Do in NYC this Spring: Rooftop Bars, Cherry Blossoms, Hiking & More

As the weather warms up and the flowers start to bloom, there's no better place to be than New York City. The city is alive with energy and there's always something new and exciting happening. For New Yorkers who want to stay on top of the latest happenings in the city, we've put together a list of the top 5 things to do in NYC this Spring.

Visit the Cherry Blossom Trees in Central Park

After a long winter, enjoying the beauty of Central Park during the Spring season is one of the top things to do

As the weather warms up, the cherry blossom trees in Central Park burst into bloom, creating a stunning display of pink and white flowers. Take a leisurely stroll through the park, taking in the beautiful scenery and the fresh air. It's the perfect way to unwind after a long day at work.

 Enjoy Cocktails at the Best Rooftop Bars in NYC

via Warm weather is the perfect excuse to flock to the many rooftop bars throughout NYC

What better way to celebrate the arrival of spring than by enjoying cocktails with a view? New York City boasts some of the best rooftop bars in the world, and many of them offer stunning views of the city skyline. Check out hotspots like Westlight in Williamsburg, The Ides in the Wythe Hotel, or the 230 Fifth Rooftop Bar. Plus, they probably have some pretty awesome Instagrammable views!

 Attend a Spring Festival or Street Fair

via

One of the best things about Spring in NYC is the abundance of street fairs and festivals. From the New York Botanical Garden's Cherry Blossom Festival to the Brooklyn Flea Market, there's something for everyone. Take a stroll through these vibrant events, sampling delicious food and discovering unique handmade crafts.

 Take a Hike in the Hudson Valley

The Hudson Valley is the perfect day trip from NYC and offers stunning scenery

While the city is great, sometimes you just need to get away from the hustle and bustle. The Hudson Valley is just a short drive from NYC and offers some of the best hiking trails in the region. Take a day trip to explore the lush greenery and scenic views.

 Explore the Latest Art Exhibitions

The Guggenheim is one of the top museums in NYC

Spring is a great time to explore the latest art exhibitions in the city. From contemporary installations at the Whitney Museum of American Art to classical paintings at the Metropolitan Museum of Art, there's something for every art lover. Plus, many museums offer free admission on certain days, making it easy to indulge your artistic side without breaking the bank.

Whether you're a seasoned New Yorker or just visiting the city for the first time, there's no shortage of things to do this Spring. From admiring the cherry blossom trees in Central Park to enjoying cocktails at the best rooftop bars in the city, there's something for everyone. So, get out there and make the most of the season!

Renting an NYC Apartment: Standard Procedures and Tips for Navigating the Real Estate Market

Finding an apartment in New York City can be a daunting task, especially for first-time renters. The city’s high cost of living and competitive real estate market can make it challenging to find affordable housing. We will explore the standard procedures for renting an apartment in New York City and provide some tips on how to navigate the city’s real estate market.

Renting an NYC Apartment: The Basics

The first step in renting an apartment in New York City is to determine your budget. Many new renters in New York are surprised to find out that the standard procedure for renting an apartment in NYC is to make 45 times the monthly rent in annual income. For example, if the monthly rent is $2,000, you would need to make at least $90,000 per year to qualify for the apartment.

While having good credit score and some money saved in the bank help, landlords want to see that you are financially secure and have money coming in on a monthly basis to pay the rent.

Once you have determined your budget, you can start your search for an apartment. There are several ways to find available apartments in NYC, including online listings and real estate brokers. We highly recommend working with a qualified real estate agent to help find your apartment as we have access to more inventory than someone not in the industry. In fact, changes to popular sites such as StreetEasy in recent years now require agents to pay if they want their listing to appear on the site.

Working with a real estate agent in a competitive and complex market like NYC is crucial to helping you through the process

When you find an apartment you are interested in renting, you will need to submit a rental application. The application typically requires proof of income, a credit check, and references. If you are approved for the apartment, you will need to sign a lease agreement and provide a security deposit, which is usually equivalent to one month’s rent.

Your real estate agent will help you negotiate terms of the lease.

Navigating the NYC Real Estate Market

The NYC real estate market is notoriously competitive, which can make finding an apartment challenging. However, there are several tips you can follow to increase your chances of finding an apartment that meets your needs and budget.

One tip is to start your search early. The NYC real estate market moves quickly, and apartments can be rented within hours of being listed. By starting your search early, you can get a head start on other renters and increase your chances of finding an apartment before it’s rented. Additionally, this will help you get a sense of the type of inventory that exists within your desired price range.

The New York City rental market moves very quickly - having all your documents and financial information prepared before your search is important

Another tip is to be flexible with your search criteria. It’s unlikely that you will find an apartment that meets all of your requirements, so be prepared to compromise on certain features. For example, if you are looking for a two-bedroom apartment but can only afford a one-bedroom, consider a convertible apartment or a studio with a separate sleeping area.

Finally, be prepared to act quickly when you find an apartment you are interested in. Have all of your paperwork and finances prepared before you start your search so that you can submit an application as soon as possible. This can increase your chances of being approved for the apartment and securing it before other renters.

Renting an apartment in New York City can be a challenging process, but it’s not impossible. By understanding the standard procedures for renting an apartment in NYC and following some tips for navigating the real estate market, you can find an apartment that meets your needs and budget. Whether you are a first-time renter or a seasoned apartment hunter, there are resources and tools available to help you find the perfect apartment in the Big Apple.

Questions about renting in NYC or looking to find your next apartment? Get in touch with us today.

Top 10 Spring Cleaning Checklist Items to Prepare for Listing Your Home in the Spring Market

Spring is the perfect time to list your home on the market, as the warmer weather and longer days tend to bring out more buyers. However, before you can list your home, you need to make sure it's clean, organized, and ready to show off. In this blog post, we'll outline the top 10 spring cleaning checklist items you should do to prepare to list your home during the spring market.

Declutter and Organize

One of the most important things you can do when preparing to sell your home is to declutter and organize. We cannot stress this enough! Buyers want to see a clean and spacious home, so make sure to remove any excess items, such as old magazines, books, and clothes. This will also make your move easier when it comes time to pack.

Deep Clean

Spring is the perfect time to refresh your home with a deep cleaning. Scrub the floors, walls, and baseboards, and do not forget to clean the windows, blinds, and curtains. If you don't have time to do it yourself, consider hiring a professional cleaning service.

Repair and Replace

Walk through your home and make a list of any repairs that need to be done. This could include fixing leaky faucets, replacing broken tiles, and patching holes in the walls. Also, consider replacing any outdated fixtures or appliances, such as light fixtures or kitchen appliances.

Paint

A fresh coat of paint can do wonders for a home, and it is a relatively inexpensive way to update the look of your home. Stick to neutral colors, such as beige or light gray, as they appeal to a wider range of buyers.

Enhance Curb Appeal

The outside of your home is the first thing buyers will see, so it's important to make a good impression. Make sure your lawn is mowed, trim any overgrown bushes, and add some colorful flowers to the front of your home. Also, consider power washing the exterior of your home to remove any dirt or grime.

First impressions are important when listing your home, and curb appeal is important for both listing photography and when prospective Buyers arrive

Clean Carpets and Floors

Dirty carpets and floors can be a major turnoff to buyers. Consider renting a carpet cleaner or hiring a professional service to deep clean your carpets. If your floors are looking dull, consider refinishing or replacing them.

Stage Your Home

Staging your home can make a big difference in how it looks to potential buyers. Remove any personal items, such as family photos, and add some neutral decor, such as throw pillows and vases. Also, make sure each room has a clear purpose and is arranged in a way that makes sense.

Buyers can have a hard time envisioning themselves in a home if all the rooms are empty. Staging brings the property to life in a relatable way.

Staging your home helps Buyers visualize the various rooms of the house

Check the Lighting

Good lighting can make a home feel warm and welcoming. Make sure all of your light fixtures are working, and consider adding some additional lighting to darker rooms. Also, consider replacing any outdated or unattractive fixtures.

Check the HVAC System

Buyers want to know that the HVAC system is in good working order, so make sure to have it checked by a professional. Also, replace any dirty air filters and consider adding some air fresheners to keep your home smelling fresh.

Get a Home Inspection

Before you list your home, consider getting a home inspection. This will give you a better idea of any repairs that need to be done, and can also help you price your home correctly.

In conclusion, preparing to sell your home in the spring market takes some work, but it's worth it to get your home in top condition.

One of the benefits of partnering with The Victoria Shtainer Team is the comprehensive, exclusive program we are able to offer our Sellers – Compass Concierge. If the above list sounds daunting, Compass Concierge helps take the burden off your shoulders without the need to front money for repairs needed to get the most value out of bringing your home to market.

By following these 10 spring cleaning checklist items, you'll be well on your way to listing your home and getting it sold quickly.

5 Interior Design Tips to Learn from Elle Decor Penthouse at 53 W 53 in New York City: A Guide to Luxury and Style

The Elle Decor Penthouse at 53 W 53 is a stunning property located in one of the most sought-after areas of New York City. Designed by Fox-Nahem, this penthouse is a true masterpiece, featuring a perfect combination of luxury and style coupled with breathtaking views of the NYC skyline. In this blog post, we'll take a closer look at this property and explore five interior design tips that you can learn from its stunning design.

 Create Cohesion with a Unified Design Scheme

The ELLE DECOR Penthouse features a cohesive design scheme that ties each room together. From the metallic finishes to the use of natural materials like wood and stone, the design elements flow seamlessly from one space to the next. Creating a unified design scheme in your own home can help to create a sense of flow and cohesion throughout the space. Consider repeating certain colors, finishes, or design elements throughout different rooms to create a cohesive aesthetic.

via Elle Decor - Kelly Marshall

Use Neutral Colors to Create a Calming Space

Another interior design tip that you can learn from the Elle Decor Penthouse is the use of neutral colors to create a calming space. Wellness surfaced as a trend in interior design during the pandemic, and many have latched onto it, finding a love for their home to serve as a sanctuary.

The penthouse features a range of neutral colors, including beige, white, and gray, which help to create a sense of tranquility and calmness in the space. This is particularly important in a property like this, where you are escaping the hustle and bustle of the city below.

via Elle Decor - Kelly Marshall

Mix High and Low End Pieces

One of the most striking features of the ELLE DECOR Penthouse is its mix of high-end and low-end pieces. From the custom-made sofa to the affordable throw pillows, the space showcases how different price points can work together to create a cohesive and stylish design. Mixing high and low-end pieces in your own home can help to create a unique and personalized aesthetic that reflects your individual style.

via Elle Decor - Kelly Marshall

Use Statement Pieces to Create Interest

One of the most striking features of the Elle Decor Penthouse is the use of statement pieces to create interest in the space. For example, the penthouse features stunning artwork throughout key areas. Similarly, unique sculptural pieces and furniture with eye-catching texture help to further create interest throughout the various rooms of the home. By incorporating statement pieces into your own home, you can add a sense of drama and interest to your space as well.

Statement pieces are a great way to add your personal touch and expression to a space whether it be through pieces of artwork or décor objects.

via Elle Decor - Kelly Marshall

Pay Attention to Lighting

Finally, the Elle Decor Penthouse is a great example of the importance of lighting in interior design. The penthouse features a range of lighting fixtures, including recessed lighting, floor lamps, and table lamps, which help to create a warm and inviting atmosphere. Additionally, the lighting is carefully placed to highlight key design elements, such as artwork or to compliment unique furniture selections. By paying attention to lighting in your own home, you can create a similar sense of warmth and drama in your space.

via Elle Decor - Kelly Marshall

 In conclusion, the Elle Decor Penthouse at 53 W 53 is a stunning property that offers a wealth of interior design inspiration – we can stop looking at the gorgeous photos!

By implementing a unified design scheme, using neutral colors to create a calming space, mixing high-end and low-end pieces, using statement pieces to create interest, and paying attention to lighting, you can create a similar sense of luxury and style in your own home.

5 Signs It’s Time To Sell Your Home

Making a decision to sell your home isn't always easy. However, sometimes it's just necessary. Many different circumstances can affect your decision to move. Sometimes unexpected life events happen, or you get new opportunities. Other times, you just find yourself craving a change of scenery. Simply put, not every house you live in is meant to be your forever home, and that's perfectly okay. Knowing how to recognize signs that it's time to sell your home is vital for making the best decision. Keep on reading and find out what the most common ones are.

1. You're planning to expand your family

Outgrowing your living space is one of the most common signs it is time to sell your home. While welcoming new members to the family is always joyful, it comes with certain changes. Kids bring so much happiness to our everyday life, but they need space (in fact, a lot of it). For most people, starter homes can usually comfortably house two to three people. Often, your first place will not be able to give you everything your family needs for a comfortable life.

While moving to a bigger house before you even have a baby is not absolutely necessary, it is good practice. Moving with small children can be stressful. In order to make a seamless transition, it is better to plan ahead. Also, if you're moving for family reasons, be mindful of school districts when choosing your new home. This will allow you to select the best possible option, both space and lifestyle-wise.

Babies need space to play and learn as they grow

2. The market is favorable

The real estate market is very dynamic, and it is constantly fluctuating. Before making any decisions, the first thing on your list should be doing market research. While timing the market is never recommended, if you find that selling your house could be profitable at the moment because of neighborhood popularity, overall market strength, etc., it may be worth considering. There are a few signs that the market is in your favor as a seller. The first and most obvious one is the increase in price per square foot. Apart from that, low time on market is also a good sign.

Being familiar with the average house prices in your area is important for pricing your home appropriately. However, keep in mind that your selling price depends on many other things. For instance, the amenities your home has are a crucial factor. Entertainment rooms or smart systems will help drive the cost of your home up, making the sale more profitable. The general state of your house is also crucial. If any minor repairs are waiting, consider tackling them before putting your home up for sale.

An increase in real estate selling prices is one of the main signs it's time to sell your home

3. You want (or need) to relocate

Sometimes, the town or city you live in just does not do it for you anymore. Becoming bored with your surroundings is among the main signs it is time to sell your home and relocate. This whole process is much easier nowadays than it was in the past. Even long-distance moves can be a piece of cake if you decide to rely on an expert team to help you. Just make sure you plan everything, so there are no unpleasant surprises.

 Professional opportunities are also one of the main reasons people choose to move to a different place. Having a job lined up for you is a great incentive to relocate. If you do not have plans to return to your current city, selling your home before leaving is a good idea. This will give you some extra money in the new city, which is always handy.

4. Your house does not fit your lifestyle anymore

Your living space should be a reflection of who you are and what you do in everyday life. After all, it is where you should feel the most comfortable. However, the fact is everyone's life habits fluctuate over time. Circumstances constantly change, whether expanding your family or something smaller like picking up new hobbies. If your current house is not fit for your current lifestyle, it might be time to move on.

Sometimes it's hard to recognize which lifestyle change is 'big enough' to require moving houses. A good example is your little ones growing older, developing different habits, and requiring more space. On the other hand, if your children have left home, it might feel a bit too big and empty. This is a good sign that it might be time to downsize. Also, if you need room for amenities like an art studio, you might need to look for a bigger place and sell your old one.

5. You're financially ready for the move

Whether you're entering the real estate market as a buyer or a seller, financing is one of the key aspects. Being financially stable is crucial, especially if you want to upsize and upgrade from your current home. Think about how things like unpaid debt or loans affect your financial position. Apart from that, you should consider the effect of selling your home on your finances.

As the value of real estate keeps increasing, chances are that you could profit from selling your home. If you still have some money left over after selling your home and paying off your previous mortgage, it means you have equity in your home. This is usually a good sign, making selling your home a financially sound decision. Plus, it gives you some extra capital for buying your new place.

Selling your home can sometimes be challenging, especially if you're not entirely sure that you want to sell. That's why getting into the right mindset for the whole process is important. Apart from being emotionally ready, you should also pick the right moment to do it. Knowing how to recognize signs that it's time to sell your home is crucial and will significantly help you. It will also ensure that you make an excellent financial decision besides a lifestyle change. This is vital for the overall successful selling-and-buying process

Benefits of Investing in a New York Luxury Home

New York City is a cultural and financial powerhouse, attracting people from all over the world. The city's strong job market, diverse population, and vibrant energy make it an ideal luxury real estate investment destination. Owning a luxury home in New York City is not only a status symbol but also a smart investment. But what makes investing in a New York luxury home a good idea? As experts in New York luxury real estate, we’ve rounded up some of the top benefits of choosing New York for your next high-end investment. 

Why Is Investing in a New York Luxury Home a Good Idea?

New York City has long been regarded as one of the world's most exciting and dynamic cities, with its iconic skyscrapers, bustling streets, and world-famous attractions. But what makes New York City truly special is its status as a global finance, culture, and innovation hub. The city has some of the most influential businesses and institutions, such as the New York Stock Exchange, the United Nations, and more recently, is an emerging tech hub. It's also a cultural melting pot, with people from all over the world coming to live, work, and play.

Investing in a New York luxury home is a wise investment that can bring you significant returns.

Moreover, New York City is a city of opportunities, especially for those looking to invest in luxury real estate. With a range of high-end properties available across the city, owning a luxury home in New York City is not only a chance to live in one of the most desirable locations in the world but also a smart investment that can provide significant returns. But before hiring moving services to help with any moving task and moving to NYC, let's find out why investing in a New York luxury home is a good idea in 2023.

New York Luxury Real Estate Market Trends

The luxury real estate market in New York City is a niche market that caters to a small but highly active buyer pool. This exclusive market offers a wide variety of options, ranging from luxury condos with state-of-the-art amenities to towering penthouses and from contemporary townhouses to vintage brownstones. Unlike the regular market, luxury residential real estate in New York City operates differently, with top-tier real estate remaining a must-have for the city's elite.

Despite the impact of climbing mortgage rates and persistent inflation on the overall real estate market, the luxury segment continues to thrive. According to Compass data published by Variety, there has been a 35.6% increase in luxury home sales in Manhattan alone through August of 2022 when compared to the same period in 2021 and pre-pandemic luxury sales in 2019. This indicates that the luxury market in New York City remains robust and shows no signs of slowing down. But having the recession in mind and current global events, what can we expect in 2023?

What to Expect in 2023?

A recent study by Luxury Portfolio International conducted among 200 member brokers aimed to shed light on what luxury residential real estate professionals believe is in store for the New York luxury real estate market in 2023. The report titled the Business of Luxury Real Estate surveyed brokerages, their principles, and top-producing agents. The study discovered that 95% of respondents reported being optimistic about the overall market in the next 12 months.

However, signs of a shift towards a buyers' market are starting to appear due to larger inventories, increased days-on-market, and price reductions in some markets. According to the study, updated amenities, prime location, and size are currently the most common factors that sell luxury homes. But despite rising interest rates, experts expect that luxury real estate buyers will remain in the market. In fact, 76% of likely homebuyers admit that they buy high-quality products even in times of personal financial uncertainty. That's one of the main reasons most professionals surveyed believe that the market will stabilize in 2023.

Location, Location, Location

One of the biggest advantages of investing in a luxury home in New York City is its prime location. New York City is home to some of the most desirable neighborhoods globally, such as the Upper East Side, Tribeca, and Chelsea. Plus, there are plenty of coveted neighborhoods for luxury real estate in New York. These neighborhoods offer a wide range of cultural experiences, such as the Metropolitan Museum of Art, Broadway shows, and world-renowned restaurants.

From state-of-the-art condos to stunning high-end penthouses, there are plenty of luxury properties to choose from in New York.

The expert team from Pack & Go Movers advises that the city's central location also means that residents have access to some of the country's best schools, hospitals, and businesses. On top of that, real estate experts suggest that, apart from the prime location, investing in a luxury home in New York City offers the potential for significant returns. According to recent data, the median price for Manhattan homes remains at $1.1 million. This is a 10.2% increase from 2019, which is expected to continue.

Luxurious Amenities

Luxury homes in New York City come with a wide range of amenities that are hard to find elsewhere. Private elevators, panoramic views, state-of-the-art fitness centers, and spas are just a few examples. Luxury buildings often offer round-the-clock doorman service, concierge service, and valet parking, adding an exclusive touch to everyday life.

Luxury homes in New York City are located in close proximity to high-end amenities, such as designer boutiques and Michelin-starred restaurants, adding to the city's glamorous lifestyle. Living in a luxury home in New York City ensures a high-end lifestyle without ever having to leave the neighborhood.

Long-Term Investment

Investing in a luxury home in New York City can be a wise long-term investment. The city's real estate market has proven to be resilient, even during times of economic uncertainty. According to a report by StreetEasy, New York City's luxury home market has seen steady growth over the past decade, with the average price per square foot increasing by 44% from 2010 to 2020. The report also notes that luxury homes in New York City are more resistant to price fluctuations than lower-priced homes, making them a stable investment in the long run.

Investing in a New York luxury home is a smart investment that can pay off significantly in time.

So Will You Be Investing in a New York Luxury Home?

In conclusion, investing in a New York luxury home is a wise decision that offers numerous benefits. Apart from being a status symbol, owning a luxury home in NYC provides a safe and profitable investment that can provide substantial returns in the long run. Despite a brief slowdown caused by the pandemic, the NY luxury real estate market has remained robust, with a notable increase in sales in 2022. And as the market is expected to stabilize in 2023, investing in a New York luxury property remains a smart decision for anyone looking to build their real estate portfolio. So wait no more and reach out to a top expert in New York luxury real estate. Whether you're looking to make a long-term investment or to live in the city's most prestigious neighborhoods, a luxury home in New York City is an excellent investment opportunity that is worth at least discussing with a pro.

The Most Coveted Neighborhoods for Luxury Real Estate in New York

The Most Coveted Neighborhoods for Luxury Real Estate in New York

There isn’t a person who would not want to own real estate in NYC. It is one of the most popular cities in the world and the desired place to be. Needless to say, with such popularity comes a premium price. New York City is known for its high-end luxury real estate, with some of the world’s most expensive and coveted neighborhoods. From Uptown to Soho to Noho and Brooklyn Heights—NYC has it all. These neighborhoods are famous for their exclusivity, high property values, and access to top-rated schools, restaurants, and amenities. If you're in the market for a luxurious home in the Big Apple, take a look at some of the most coveted neighborhoods for luxury real estate in New York.

Uptown, Manhattan

Covering the Upper East Side and Upper West Side, this area is home to some of the most prestigious addresses in the city. Uptown is known for its tree-lined streets and elegant brownstone houses, as well as luxury apartment buildings with stunning views of Central Park and the Hudson River on the Upper West Side and East River on the Upper East Side. Many of these buildings offer high-end amenities such as fitness centers, rooftop decks, and concierge services.

Uptown, Manhattan has great views of the city whether you enjoy the skyline, water views, or both!

Residents of Uptown enjoy the convenience of being close to world-class shopping and dining destinations, including Fifth Avenue and the Upper West Side's Columbus Circle. The area is also home to world-famous attractions such as the Metropolitan Museum of Art and the Lincoln Center for the Performing Arts.

Cobble Hill, Brooklyn

This neighborhood has a rich history, charming tree-lined streets, and a wealth of cultural amenities. In addition to that, it is located in the very heart of Brooklyn. One of the main draws of Cobble Hill is its close proximity to popular destinations such as Brooklyn Bridge Park and the Brooklyn Bridge. This area is also home to numerous art galleries, boutique shops, and trendy restaurants, making it a popular destination for both tourists and locals.

Cobble Hill offers a mix of beautiful townhomes, brownstones, and high-rise apartments. These properties feature stunning architectural details, large outdoor spaces, and modern finishes. Prices for luxury real estate in Cobble Hill can range from $1 million to over $10 million, depending on the size and location of the property. Despite its high price tag, Cobble Hill remains a popular choice for luxury buyers because of its excellent school district, vibrant community, and easy access to transportation.

NoHo, Manhattan

NoHo, or North of Houston Street, is a luxury real estate neighborhood in the Lower East Side of Manhattan. It is known for its trendy and upscale atmosphere, with high-end shopping, dining, and entertainment options throughout the neighborhood.

One of the main draws of Noho is its proximity to other popular neighborhoods in Manhattan, such as SoHo, Greenwich Village, and the East Village. This makes it a convenient location for those who want to be in the heart of the city but still have the privacy and exclusivity of a more upscale neighborhood.

NoHo is also home to some of the most expensive real estate in the city, with many properties offering luxurious amenities like rooftop pools, fitness centers, and concierges. Most of the properties in Noho are luxury condominiums, with some of the most sought-after buildings being The Mercer, The Greenwich Lane, and The Greenwich Court. The neighborhood is also known for its vibrant arts scene, with numerous galleries, performance spaces, and studios.

Tribeca, Manhattan

Located in Lower Manhattan, Tribeca is known for its cobblestone streets, trendy restaurants, and celebrity residents. It's home to some of the city's most expensive real estate, with multi-million dollar lofts and apartments in converted warehouses.

TriBeCa, or Triangle Below Canal Street, is also known for its boutique shops and vibrant nightlife scene. Property values in TriBeCa are among the highest in the city, with many apartments going for over $2 million. 

SoHo, Manhattan

Another fashionable neighborhood in Lower Manhattan, SoHo is known for its upscale shopping and dining options. It's home to many high-end boutiques, galleries, and historic cast-iron buildings that have been converted into luxury lofts. SoHo, or South of Houston Street, is a popular neighborhood for young professionals and artists. The real estate in Soho offers many apartments well over $1 million.

 Upper East Side, Manhattan

The Upper East Side is one of the city's most affluent and iconic luxury neighborhoods in New York. It is famous for its tree-lined streets, upscale boutiques, and high-end apartment buildings. It is home to multi-million dollar mansions, apartments, and townhouses being the norm. It is also home to many of the city's elite, with luxurious pre-war apartments and mansions lining the streets. The Upper East Side also has many prestigious schools, including the Dalton School and the Spence School, making it a popular neighborhood for families.

SoHo is the best choice for upscale shopping and fine dining

Brooklyn Heights, Brooklyn

This historic neighborhood is known for its brownstones and panoramic views of the Manhattan skyline. It is a popular neighborhood for families and young professionals and has a thriving arts and culture scene. The real estate in Brooklyn Heights is among the most expensive in Brooklyn, with apartments costing over $1 million.

Which one of the hot neighborhoods for luxury real estate in New York will you call home?

Deciding which neighborhood to call home in NYC can be difficult – that is where we come in!

As NYC real estate experts, we can help you narrow down your “must haves” and “nice to haves” and map those to the city’s various neighborhoods so you can make a decision with confidence.

GET READY TO MOVE IN

Once you have picked the neighborhood that best fits your needs, you want to make sure to move in style as well. You will most likely have lots of valuable possessions and furniture that you do not want to get damaged. Make it a priority to turn to skilled people, especially if you are making a long distance move to NYC. Hiring the best movers is a must.

Japandi Design Ideas for Your NYC Apartment

The Scandinavian interior design style started in northern Europe but quickly spread worldwide. It's famous for its neutral colors and simplicity. On the other side of the globe, the Japanese also developed their distinct interior design style. Minimalism and practicality are the main ideas it tries to convey. The similarities between the two inspired a unique fusion of styles that focuses on functionality, purposefulness, and appreciation of natural materials. And thus, Japandi was born. The clean, soothing aesthetic and the mindful usage of space make it very popular in NYC apartments. Take a look at this list of Japandi design ideas to see if this style is the right fit for you.

Warm Neutral Color Palette

Both Scandinavian and Japanese interior design styles use a neutral palette of colors. However, they often differ in shade and tone. Light colors such as white and grey and typical for nordic houses. On the contrary, Japanese color palettes are typically darker and warmer, leaning more toward earth tones. The perfect fusion of those two is the main palette of Japandi: light warm neutrals. You can never go wrong with combining warm off-white walls with light browns and beiges in the furniture. If you're looking to make your place pet-friendly, try leaning towards darker but still neutral, earthy tones. It will still look just as nice and won't get dirty as quickly.

Wall Texture

A concept that comes up in many Japandi design ideas is using some sort of texture on the walls. This idea stems from Japanese interior design, where wood and bamboo paneling are very common. A good way to include this in a Japandi-themed apartment is by using thin wooden strips laid vertically on the wall. It gives the space more dimension, and it can also be used to visually separate different areas. If wooden strips are not something you like, consider shoji screens. These are screens made from wooden frames with paper panels. They're an exciting addition to any room and completely fit the overall style.

Wall panels are one of the most common Japandi design ideas via

Minimalistic approach

One of the main characteristics of Japandi is the clean and streamlined space. In order to achieve that, getting rid of all unnecessary things in your home is an absolute must. There's simply no place for furniture and pieces of decor that serve no purpose. While minimalism isn't for everyone, getting rid of some things can feel quite refreshing. If you're not ready to part with your belongings completely, you can move them to another location. Experts from consumeropinion.org suggest taking a look into a variety of services that can help you with that. Doing this will create a serene and grounded atmosphere in your Japandi home.

Natural materials

Craftsmanship appreciation is one of the key values of both Scandinavian and Japanese design styles. One of the best ways to honor this profession is by using natural materials. When looking at Japandi design ideas, you'll notice that absolutely all of them include wood in some form. Hand-crafted wooden furniture is an absolute must in a Japandi home. There are many woodwork shops in NYC and the surrounding area. Whether it's a bed or furniture for your home office, you'll almost certainly find what you're looking for. If you want to go a step further, you can get some of your wooden furniture custom-made to your liking.

Even though it's the most popular, wood is not the only natural material there is. Any other are also more than welcome in a Japandi-themed room. You can have fun with different combinations of paper, bamboo, and rattan, including natural fabrics such as linen or wool, which is also a great idea.

Wooden furniture is both good-looking and durable

Plants

Establishing a connection with nature in interior design can be tricky. However, it should be pretty straightforward if you're going for the Japandi design style. Going one step further from using natural materials is incorporating plants into your living space. If there's a balcony in your NYC home, this will be very easy for you. Even if you don't have a balcony, don't worry - you can still create your zen garden inside. The key here is to not overdo it. It's easy to get carried away when buying plants. While there is nothing inherently wrong with that, it doesn't go well with the Japandi philosophy. Instead of 10 different plants, try getting a few that make an impression. This works so much better with the ideas of simplicity and elegance you want to convey.

Well-incorporated plants can bring life to any room

Multifunctional furniture

As we already mentioned, less is more when it comes to Japandi. When you don't have many pieces of furniture, you want to ensure that the ones you own are multifunctional. This complements one of the main ideas of Japandi: everything needs to have a purpose. Of course, this doesn't work with everything: a dining chair can hardly double as storage space. Still, working around this idea is worth it, especially if you're new to more minimalistic styles. It will give you more room to adapt while maintaining the desired aesthetic.

Open-space plan

Having separate spaces for different activities can be convenient at times. However, you may want to avoid that in order to convey a true Japandi vibe in your home. Sharp walls and separations go against the free-flowing concept that is crucial to Japandi. Instead, an open space concept for the living room-dining room-kitchen area is a much better option. If you have a possibility do to so, removing structural obstacles would significantly open up the space. This will make your space seem much more luxurious and will allow a free flow of natural light and air all throughout.

Overcrowded living spaces are becoming a thing of the past. Instead, a mindful approach with an appreciation of free-flowing space and natural materials is taking over NYC. Taking the best of both Scandinavian and Japanese interior design styles and combining them offers exactly that. While there are many Japandi design ideas to choose from, they are all based on the same principles. If simplicity and functionality are something you appreciate, consider giving Japandi a shot. 

2022 Holiday Tipping Guide

The Holiday Season has officially kicked off. With Black Friday and Thanksgiving over, holiday decorations are going up across town. With the arrival of the Holiday Season comes the question on the mind of many - “How Much Should I Tip?”

Building staff in Residential New York City buildings have been essential to all residents throughout the evolving pandemic. Building Staff have been responsible for increased cleaning protocols, receiving and managing an exponential increase in deliveries, and checking in on vacant apartments for residents that have escaped to second homes.

We’ve adjusted our annual tipping guide to account for the inflation being experienced in 2022. Giving additional this year will be appreciated by workers bearing the brunt of increased prices. If you are considering giving more this year to your valued Building Staff and are concerned they will expect this amount in future years, consider stating in your note with the tip how grateful you are for all they’ve done during this challenging year to set expectations. 

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. Additionally, owning versus renting in a building can play a big factor as well.

Of course, if you live in a building with a part-time doorman, virtual doorman, or no staff at all, the below levels could be adjusted downward.

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!

Many buildings have organized drop off locations for your tips so you can safely give to your Building Staff rather than direct contact due to public health guidelines.

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Tipping Guidelines

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Super: $175-$225
Doorman/Concierge: $150-$200
Package Room: $75-$100 per individual*
Housekeeper: 1 Week Salary
Dog Walker: 1 Week Salary
Garage Attendant: $75-$125
Personal Trainer: $125
Personal Assistant: 1 Week Salary
Hairdresser: $80-$120

*In the post-pandemic world, it is important to remember all the people fielding the large increase in orders you are placing and the sheer volume of orders they are now receiving, just for you alone. From Uber Eats to Amazon and every shopping destination in-between, there is no denying that we all place significantly more online orders than prior to the pandemic. We recommend tipping Package Room staff more than previous years. In most buildings it will be the package room employees, however, Doormen/Concierge are likely fielding these requests after hours.

When: Most building staff will prefer to receive their tips in early December so they can plan their own holiday spending accordingly. Tips account for a large part of building staff’s anticipated income at this time of year.

This guide was presented in 2018 and has been re-shared to include updated information, most recently from 2021

Unexpected Costs to Prepare for When Buying a Home in NYC

Whether you are just beginning your home search in NYC, or you have conducted multiple real estate transactions in the Big Apple, it is important to be aware of or reminded of what costs to expect when buying a home in New York City that may have been glossed over when determining your budget.

Down Payments in NYC On the Rise

The initial investment or down payment is often the largest cost for homebuyers. How much of a down payment you'll need to make is determined by the property's value and the loan's terms. The standard down payment required by banks is typically 20%, however, this number is a guideline today as many lenders offer various mortgage products that have lower (or higher) down payment requirements. Because interest rates have climbed throughout most of 2022, some buyers are opting to put a larger down payment on their purchase than they might have when rates were 2-3% in order to reduce their monthly mortgage cost.

All over the country, the typical down payment is much below 10%. You may buy a home in New York City with as little as 0% down (with a VA loan) or as much as 50% down (for the most competitive co-ops).

Ensure to work with both your Real Estate Advisor and Lender as you work to set your budget, factoring in the type of building at which you are looking as well as current interest rates.

 Charges at the Start of a Loan

Most of the NYC buyers chose a mortgage as a way to finance their desired property. Mortgage rates have been fluctuating in recent years because of the Pandemic followed by high inflation. Mortgage loan origination fees typically range from 1% to 2% of the loan amount, with the higher number covering the higher costs associated with in-house processing and underwriting. If your financial standing is solid, you may be able to bargain (or shop about). If the seller wants to attract buyers in a competitive market, they could offer to cover the origination fee.

Tax on mortgage recordings

Mortgage recording taxes are assessed according to the loan amount, not the purchase price. 1.8% for loans under half a million dollars and 1.925% for loans above it apply to condominiums and one- to three-family residences, respectively. Since cooperatives do not qualify as "real property," they are excluded from this regulation.

Calculating taxes can be a daunting project, and you can easily get lost in the numbers. via

Reserves as unexpected costs to prepare for when buying a home in NYC

Liquidity needs after closure are another name for reserves. Cash, cryptocurrency, equities, and bonds are all examples of liquid assets. To convince the board of a New York City co-op that you won't have any trouble making your mortgage or maintenance payments after closing, you should have two years' worth of living expenses in liquid assets.

You can fund an escrow account with your savings as well. Non-mortgage costs, including:

• real estate tax

• common charges/monthly maintenance

• insurance premium
  

  The mortgage servicer may add these costs to the monthly mortgage payment. All of these charges will be included in your one monthly mortgage payment. Since just one payment is required, the procedure is simplified. The lender will separate the charges and pay them as appropriate. This way, you will know in advance what to prepare for when buying a home in NYC.

Paying duties on transfers

The seller is typically responsible for paying the New York City Real Property Transfer Tax. However, the transfer tax is the buyer's obligation when newly constructed condominiums or sponsor units are sold for the first time. If the purchase price is more than $500,000, you may expect to pay a tax of 1.425%, but if it's less, you can expect to pay 1%.

Moving expenses

Most people leave thinking about moving costs at the very last minute. So, moving expenses can come rather unexpectedly to them. Even more so because if you don't plan and end up moving on short notice, you'll have less choice in terms of moving companies and more bills to pay. If you're moving long distance to New York, make sure to look for affordable help, meaning, start searching for reliable movers as soon as possible.

Renovation Costs Can Add up Quickly

Depending on how well the actual property goes with your end vision, you'll need to adjust and invest in some renovations. Of course, you expect the major ones, but it's important to put on paper how much money you will put into them. Also, minor things like pet-proofing your apartment can come to mind at the very last minute, and you might end up costing you more than expected.

 Legal costs

When purchasing a home in New York City, you must hire a real estate attorney. The purchasing procedure in New York City is more complicated than in other markets, making the assistance of an attorney essential. A real estate lawyer's fees are often structured differently from those of an hourly rate law firm. You may expect to spend between $1,500 and $4,000. The most you should ever pay is $5,000. Avoid anybody who offers to act on your behalf for a few hundred dollars.

A good lawyer can help you with all the unexpected costs to prepare for when buying a home in NYC.

Warranty on title

Title insurance shields you against any financial obligations the previous owner may have left on actual property, such as a condo or townhouse. You must set aside a few thousand dollars to guarantee a clear title. In other words, less than 1% of the buying price). On a $1,000,000 property, this may cost upwards of $4,000. But your peace of mind is worth much more than that.

Final thoughts

As you see, there are a lot of unexpected costs to prepare for when buying a home in NYC. You need to consider all of these to avoid any unpleasant surprises. You can always call a reliable real estate agent and ask for help when in doubt.