Around TOWN

March 2017
Susan M. Singer
Lic. Associate Real Estate Broker

Stay tuned or contact me for details.

Despite the first bump in interest rates the Studio and 1 Bedroom market maintains its strength if priced right. Three Bedroom + homes continue to experience reduced prices and the rental market is still over-supplied. Where you will find changes is how you shop and search for property.

I’ve included info below to update youon the new format of StreetEasy (owned by Zillow) as they’ve revised the listing information, leading you to contact any agent who pays for the Zip Code the property is in. You’ll be directed to a Pay to Play agent with no direct knowledge of the property or contact with the owner.

REBNY, the Real Estate Board of NY, has taken notice and written a letter to the Department of State to dispute the legality of the practice which you can find here.

Zillow responded in their own letter disputing the REBNY’s claims here.

S A L E   H I G H L I G H T
420 WEST 25TH STREET, #7-B
PriPrice $1,475,000ListingID: 250540 | Type: Condominium
Common Chgs: $1,360/month | RET: $1,371/month
Bedrooms: Loft  |  Baths: 1
Ft2/Mt2: 1,040/97 (aprx)
Upon entering this light-filled and airy loft you’ll understand why this artist chose this dwelling as it defines Chelsea loft living. With soaring ceiling heights of 14 feet, an open floor plan, and a wall of windows bringing in views of the city and Hudson Yards this home provides the perfect balance of space and light. The living area centers around a custom state-of-the-art Italian kitchen with glass paneled surfaces by Schiffini, well-equipped with a double door Liebherr Refrigerator and Freezer, Bosch cooktop, oven, and dishwasher plus a stainless steel vented cook-top hood. The spa-like bathroom is clad in Porcelanosa ceramic tile walls and flooring with Italian-made Teknobili fixtures and a teak vanity features a deep soaking tub with rain shower.
You can see the full listing information and plan to visit on March 22nd when I return from a very timely visit to SoCal. $1.475M

405 WEST 23RD STREET, #16-J
Price $2,950 ListingID: 985058 | Type: Cooperative
Bedrooms: Studio  |  Baths: 1
Pre-war | Doorman | Elevator | Pets allowed
Hardwood floors
Rented in (I must review StreetEasy to see when it listed. Lease was signed on 3/6)London Terrace Towers. Just listed for a March 15th move in this sun blasted 16th floor studio enjoys a supremely flexible living space. A 5′ x 10′ walk-in closet can function as a home office as the dressing room includes additional closet space.
Ok, you’re a New Yorker so you might use every inch of closet space for wardrobe and other storage but the choice is yours. Full Listing.

Listing ID: 834133 | Type: Cooperative
Bedrooms: 3 | Baths: 2
Building Specifics
Doorman | Elevator | Pets allowed
Enjoy open views of the city spanning from the Empire State Building to the Freedom Tower from your two spacious terraces here, at the intersection of the West Village and SoHo. Full Listing.

(At 67% higher psf than any other in the building and 9% above the asking price.)

NYC: A Buried History
During construction, DDC worked with Chrysalis Archaeology to preserve this 200 year old wooden water main, the first piped water system in New York City.

 N E I G H B O R H O O D   S P O T L I G H T
Image Courtesy Paul Reiffer
Once solely associated with the major financial institutions to which it owes its name, the Financial District has only recently been regarded as a “neighborhood” in the community sense of the term. Heavily trafficked at rush hour and lunchtime with bankers donning suits and carrying briefcases, the area now settles at night with a residential quietude and picks up on the weekends as a result of the new influx of restaurants and nightlife destinations. Check out this comprehensive guide to the rich dining and cultural scene that FiDi hosts today!

A R C H I T E C T U R E   N E W S
Image Courtesy Stefano Boeri Architects

A new study by Syracuse University, the State University of New York Upstate Medical University and the Harvard T.H. Chan School of Public Health reveals that green buildings are not only healthy for the environment, but also for their inhabitants – both mentally and emotionally. Findings from the research affirm that occupants of green buildings sleep better, get sick less frequently and benefit from increased cognitive abilities. Essentially, a win for the Earth is a win for everyone!

In celebration of this study, we’re spotlighting some of the greenest of the green structures around the world – and in the visual sense of the word: with vertical gardens. The vertical garden and green wall trend has been taking off worldwide since the 1980s, with success stories including residential towers, hotels, and outdoor parks.

 F I L M   N E W S
Image Courtesy Tribeca Film Festival
This spring, take in some culture on the big screen at one of New York City’s many renowned film festivals. Whether you are an avid film aficionado or are simply in need of some entertainment, you will be able to find something eye-opening at one of these famed festivals. We recommend planning in advance and allowing your TOWN Attaché to assist with a fully curated film festival experience. From tickets and VIP access to transportation and dining reservations, your Attaché is on call to make sure that your plans are seamless.
Susan M. Singer
Associate Real Estate Broker
Town Residential
 Thanks again for your continued support and referrals & stay tuned for updates and my new website

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