Gea Elika's Blog, page 144
July 6, 2017
75 Kenmare
The self-described “vanguard of modern living,” 75 Kenmare is the latest project to grace Nolita. Developed by New York real estate veteran DHA Capital with architecture and design from Andre Kikoski (AKA) and Lenny Kravitz (Kravitz Design), this seven-story, 38-unit building will be appreciated both from just passing it on the street and the lucky few fortunate enough to call it home.
Architecture
Rendering courtesy of 75 Kenmare
The brief to AKA and Kravitz Design was clear: create a building that is as stunning on the outside as it is on the inside while still working close to the distinctive look and feel of Nolita.
With that in mind, they went about creating a building that is truly unique.
Kikoski, who designed the Wright restaurant at the Guggenheim, wanted to focus on making it as much as a contribution to the streetscape as it was about building a luxury condo building.
He looked at the stone masonry around the neighborhood and the direct neighbor’s concrete façade and managed to merge the two. The building is sided with thin concrete paneling, each a random width in a random order to create the illusion of texture, light, and shadow while still reflecting the textured stone so common to Nolita.
To create the illusion of scale, the ground floor windows are single-framed, with double and triple-framed windows as the building rises. The top windows have vertical mullions to create texture and bring life to the façade.
Residences
Rendering courtesy of 75 Kenmare
Kravitz Design led the interior design effort. Lenny Kravitz, whose design studio lives and breathes downtown culture, was the natural fit for the project and has successfully created something edgy and vibrant while still adhering to classic modern design principles.
They start by working seamlessly with the space the building provides, making ample use of the large triple-framed windows to let in plenty of light and accentuate the white oak floors present throughout the building.
The kitchens are chef-ready with integrated Gaggenau appliances, and elm millwork finished with a matte white lacquer for a crisp, clean look. Marble countertops and waterfall islands complete the sleek space with an elm breakfast bar.
Through to the master bedrooms and the white oak floors provide continuity through the rest of the apartment; however, they’ve been finished here with a matte coating for ultra-comfort in bare feet. And with bronze-coated mullions, the floor to ceiling windows provide a warm, sunset glow all day long.
In the master baths, Kravitz’s commitment to luxury materials continues, with the walls and floors clad in Titanium Travertine and French Vanilla marble. A unique, frameless glass shower and freestanding tub by Devon&Devon provide comfort and minimalist elegance while the floating elm vanity warms up the space. Underfloor heating keeps you toasty on cold January mornings, and the Bianco Drama marble and bronze mirror tie the space together for a modern yet classic feel.
The powder rooms and second baths are equally detailed with the same Bianco Drama marble used extensively for the walls and floors and the same elm floating vanity create continuity for a complete design aesthetic. Satin nickel fixtures set off the warm wood beautifully, and a glassless shower is both minimalistic and functional.
Amenities
Rendering courtesy of 75 Kenmare
Just as the building and residences have been designed with refined elegance and exhaustive attention to detail, the amenities have been built with a commitment to those same principles.
24/7 concierge, automated parking, package collection, bike rooms, and plenty of easy storage space take care of all the logistics of your life.
And with each common space beautifully designed, you feel at home from the instant you walk through the front doors.
The lobby is detailed with a stunning smoked-glass wall and custom tiling on the floor, comprised of quartzite, granite, travertine marble. And with custom made millwork walls and details, the lobby is as inviting as it is luxurious.
The incredible tiling continues through to the articulated elevator landing; only this time finished with Taj Mahal quartzite and vein-cut Titanium Travertine marble. Bronze doors and oak paneling make a gentle, warm entry into your home.
Residents can also look forward to a stunningly landscaped courtyard, packed with private nooks and crannies to explore and relax in. The private fitness center continues the trend, where oak paneling and concrete work in tandem to segment the space without compromising its industrial roots.
Availability
With only 38 units total, these condos are in extremely high demand. Currently, there are six units available, all one and two bedrooms ranging from $1.6 to $3.4 million.
$1.6 million gets you a 689-square foot condo with full floor to ceiling windows in the bedroom and living space.
Units increase in size steadily as price goes up, up to $2.9 for a 2-bed, 2-bath 994-square foot unit on the third floor. Stretched along the building, the unit has plenty of light and looks over the gentle landscape of the curated patio and gardens.
Finally, units cap at $3.4 million for a 2-bed, 2-bath 1,100-square foot unit. Set on the southwest corner, it has two full sides of windows and plenty of added closet space for the perfect apartment.
Neighborhood
Nolita has long been a cultural hub, as it sits at the intersection of SoHo, NoHo, the Lowest East Side, and Little Italy. Charged and energetic, the vibe of the neighborhood is truly unique in the city.
And with that creative energy comes plenty of perks.
Nolita keeps you going all day (and all night) long with restaurants like old-world Italian, dozens of artisanal coffee spots to discover, big brand names and boutique design curators, more bars, clubs, lounges, and nightlife then you thought possible.
Get the perfect oasis from the madness while still be amongst it at 75 Kenmare.
[ 75 Kenmare ]
The post 75 Kenmare appeared first on - Elika Real Estate.
July 5, 2017
A Premium StreetEasy Buyers Program – Premier Agent
StreetEasy’s Premier Agent program has been growing in popularity. Even notable New York City real estate agents, brokers, and brokerages that previously shunned the service have been signing on, helping it to gain even wider market acceptance. This means that as a buyer you are more likely to come across an agent seeking to represent you through this program when searching condo and co-ops for sale on the site. Therefore, we explain the ins-and-outs for you to be a more informed buyer.
How it works
Under the Premier Agent program, which launched in March, a real estate brokerage can purchase buyer leads, which it can distribute to its agents as it sees fit. In practice, the brokerage firm or agent pays a fee to be the default contact included on the right side of the property listing. The broker can select multiple zip codes where he/she wishes to advertise.
If you are looking for apartments for sale on StreetEasy, and you click on a listing, information on the selling agent and an agent seeking to represent you, the buyer, appears. You can fill out your contact information online to reach out to the premier buyer agent
Conduct due diligence
We believe a buyer obtaining his/her exclusive representation is positive and recommended by NY State. StreetEasy encourages this through its program. However, keep in mind that your broker/agent might be good at marketing themselves, but the onus is on you to conduct further due diligence. Remember, this could very well be your most expensive purchase in your lifetime.
With that in mind, we have compiled thoughtful areas to probe with an agent you find through StreetEasy.
Experience counts
New York State issues licenses for real estate brokers and agents. An agent must pass a written exam, and brokers must receive further training and testing. In New York State, to qualify to become a broker, you are required to have been a real estate salesperson for 1,750 hours over at least one year (or have 3500 hours equivalent experience over at least two years); and have earned 1,750 experience points as a salesperson or 3,500 points through equivalent experience. Thus, a broker should have more know-how than an agent.
However, this does not mean he or she can meet your needs.
How long has your agent/broker been in the business?
You should find out how long your agent has been in the business, This can be done through Google searches, online reviews and testimonials, as well as reviewing previous sales they have worked on. Whether you find a seasoned agent that understands the market, has seen the various industry cycles or a newer one that is eager, a full-time agent is a must. The real estate industry is known to attract part-timers that quickly drop out and lack the know-how and ability to advise on your purchase.
Does your agent know your targeted neighborhood(s)?
You want to make sure your agent knows the neighborhood you are interested in living in or perhaps able to recommend other based on your lifestyle needs. New York City is diverse, with many different areas that are always changing. The StreetEasy program allows agents and brokers to focus on a particular zip code. This is fine, but you want to ensure he or she has the proper knowledge. Talk to the agent and ask questions about the neighborhood, such as the proximity to transportation and average sales prices in the area, etc. He or she should be able to answer these intelligently.
Does your agent know the inventory and can he/she gain access?
A proactive buyer’s agent that is responsive and well-educated on available or even future inventory will no doubt be a valuable asset. New York is a transparent marketplace with all properties usually listed on StreetEasy. However, an agent/broker with a deep routed network of other agents/brokers may know of a listing that will soon be coming to market, and you might have the opportunity of getting in before the listing on StreetEasy. Additionally, if you are in the market for a new development and there is a special one in the works, you will find it difficult to get in early without a well-connected buyer’s agent. “Schedule A” pricing or the better floorplans may be out of your reach because most developers sell many of the units before beginning to market listings online.
Image by Spencer Means
Probing deeper
Does your agent know the financial and other requirements needed to purchase a co-op or condo?
If the agent has sold a lot of units in the neighborhood, he or she should be familiar with at least several buildings and boards. The agent should be able to find a suitable building and help you expedite a board application and ace your interview in the case of a coop.
How well does your agent communicate?
Ensuring your agent communicates well is the most important character trait. You want to know your agent is accessible and responsive. This includes letting you know about new listings immediately when they come to market, gaining access, and knowing his/her way around the negotiating process.
How does your agent determine the price you should offer, particularly in a bidding war?
Deciding your offering price is partly an art and running a comparable market analysis, and this is where your buyer’s agent experience and knowledge comes into play. Convincing the seller’s broker and seller that your profile and financials can pass muster with the board may tip the scale in your favor, even if your offer is lower than the competition. Industry relationships can also play a role if your buyer’s agent knows the listing agent and has even perhaps done a deal with him/her before will likely give you an edge. The better connected your buyer’s agent, the better connected you are.
Does your agent have a list of experts to recommend to you?
A seasoned agent should also be able to recommend others to help you. You will need a broad range of services, including a lender, real estate attorney, home inspector, as well as painters/contractors. The more experienced your buyer’s agent, the better resources they will have.
Do I have to pay for a buyers agent to represent me?
The commission is split between the seller’s and buyer’s agent. Although it is paid for by the seller at closing, the commission is built into the sales price, meaning buyers are essentially paying the fee. In other words, if you found the apartment on your own, you still pay the 5%-6% commission through the sales price since the seller’s agent keeps the entire amount.
Since you pay this amount whether or not you have your own representation, you should have your own agent that oversees your interests. For more information, click here.
Lastly, whoever you hire for your home search will be spending a lot of time with you – pretty much every Sunday from the time you get serious. You want to be comfortable with this person and enjoy their company. Mark L
There are different types of buyers agents
Dual agency is the most prominent real estate company structure in New York City. However, it can present a conflict of interest. For example, if you connect with a buyer’s agent through StreetEasy that is an associate at ACME Realty and he/she takes you to an ACME property listing, this means the company the associate works for owes its fiduciary duty to the seller. Our article on the NYS agency disclosure form will help you understand the role of an agent.
You should ask whether he/she is an exclusive buyer’s agent. If so, he/she might be a member of the National Association of Exclusive Buyer Agents (NAEBA), which owes a fiduciary duty to buyers only and never list properties. When buying a home, you need an advisor that is working for you. The goal for the agent should be to help you purchase the right property for the right price. For a true buyer’s agent, it is the art of not selling.
This is where experience matters. When purchasing an asset, you need an unbiased voice and someone that will tell you his/her honest opinion whether the property is worth buying and at what price, or even if not worth buying at all.
A listing agent’s job is to sell, and a buyer’s agents job is to advise and look after your best interest at all times.
Concluding thoughts
There are obvious benefits to technology. However, it is not a substitute for doing your homework. Therefore, we have presented additional areas to explore. Don’t be afraid to ask questions, since it is important for you to decipher if you have a knowledgeable agent or one that is just getting started. You should also inquire about references, and call them.
Watch our video to learn more about Elika Real Estate and what a buyers agent should do for you.
The post A Premium StreetEasy Buyers Program – Premier Agent appeared first on - Elika Real Estate.
A Premium StreetEasy Buyers Program
StreetEasy’s Premier Agent program has been growing in popularity. Even notable New York City real estate agents, brokers, and brokerages that previously shunned the service have been signing on, helping it to gain even wider market acceptance. This means that as a buyer you are more likely to come across an agent seeking to represent you through this program when searching condo and co-ops for sale on the site. Therefore, we explain the ins-and-outs for you to be a more informed buyer.
How it works
Under the Premier Agent program, which launched in March, a real estate brokerage can purchase buyer leads, which it can distribute to its agents as it sees fit. In practice, the brokerage firm or agent pays a fee to be the default contact included on the right side of the property listing. The broker can select multiple zip codes where he/she wishes to advertise.
If you are looking for apartments for sale on StreetEasy, and you click on a listing, information on the selling agent and an agent seeking to represent you, the buyer, appears. You can fill out your contact information online to reach out to the premier buyer agent
Conduct due diligence
We believe a buyer obtaining his/her exclusive representation is positive and recommended by NY State. StreetEasy encourages this through its program. However, keep in mind that your broker/agent might be good at marketing themselves, but the onus is on you to conduct further due diligence. Remember, this could very well be your most expensive purchase in your lifetime.
With that in mind, we have compiled thoughtful areas to probe with an agent you find through StreetEasy.
Experience counts
New York State issues licenses for real estate brokers and agents. An agent must pass a written exam, and brokers must receive further training and testing. In New York State, to qualify to become a broker, you are required to have been a real estate salesperson for 1,750 hours over at least one year (or have 3500 hours equivalent experience over at least two years); and have earned 1,750 experience points as a salesperson or 3,500 points through equivalent experience. Thus, a broker should have more know-how than an agent.
However, this does not mean he or she can meet your needs.
How long has your agent/broker been in the business?
You should find out how long your agent has been in the business, This can be done through Google searches, online reviews and testimonials, as well as reviewing previous sales they have worked on. Whether you find a seasoned agent that understands the market, has seen the various industry cycles or a newer one that is eager, a full-time agent is a must. The real estate industry is known to attract part-timers that quickly drop out and lack the know-how and ability to advise on your purchase.
Does your agent know your targeted neighborhood(s)?
You want to make sure your agent knows the neighborhood you are interested in living in or perhaps able to recommend other based on your lifestyle needs. New York City is diverse, with many different areas that are always changing. The StreetEasy program allows agents and brokers to focus on a particular zip code. This is fine, but you want to ensure he or she has the proper knowledge. Talk to the agent and ask questions about the neighborhood, such as the proximity to transportation and average sales prices in the area, etc. He or she should be able to answer these intelligently.
Does your agent know the inventory and can he/she gain access?
A proactive buyer’s agent that is responsive and well-educated on available or even future inventory will no doubt be a valuable asset. New York is a transparent marketplace with all properties usually listed on StreetEasy. However, an agent/broker with a deep routed network of other agents/brokers may know of a listing that will soon be coming to market, and you might have the opportunity of getting in before the listing on StreetEasy. Additionally, if you are in the market for a new development and there is a special one in the works, you will find it difficult to get in early without a well-connected buyer’s agent. “Schedule A” pricing or the better floorplans may be out of your reach because most developers sell many of the units before beginning to market listings online.
Image by Spencer Means
Probing deeper
Does your agent know the financial and other requirements needed to purchase a co-op or condo?
If the agent has sold a lot of units in the neighborhood, he or she should be familiar with at least several buildings and boards. The agent should be able to find a suitable building and help you expedite a board application and ace your interview in the case of a coop.
How well does your agent communicate?
Ensuring your agent communicates well is the most important character trait. You want to know your agent is accessible and responsive. This includes letting you know about new listings immediately when they come to market, gaining access, and knowing his/her way around the negotiating process.
How does your agent determine the price you should offer, particularly in a bidding war?
Deciding your offering price is partly an art and running a comparable market analysis, and this is where your buyer’s agent experience and knowledge comes into play. Convincing the seller’s broker and seller that your profile and financials can pass muster with the board may tip the scale in your favor, even if your offer is lower than the competition. Industry relationships can also play a role if your buyer’s agent knows the listing agent and has even perhaps done a deal with him/her before will likely give you an edge. The better connected your buyer’s agent, the better connected you are.
Does your agent have a list of experts to recommend to you?
A seasoned agent should also be able to recommend others to help you. You will need a broad range of services, including a lender, real estate attorney, home inspector, as well as painters/contractors. The more experienced your buyer’s agent, the better resources they will have.
Do I have to pay for a buyers agent to represent me?
The commission is split between the seller’s and buyer’s agent. Although it is paid for by the seller at closing, the commission is built into the sales price, meaning buyers are essentially paying the fee. In other words, if you found the apartment on your own, you still pay the 5%-6% commission through the sales price since the seller’s agent keeps the entire amount.
Since you pay this amount whether or not you have your own representation, you should have your own agent that oversees your interests. For more information, click here.
Lastly, whoever you hire for your home search will be spending a lot of time with you – pretty much every Sunday from the time you get serious. You want to be comfortable with this person and enjoy their company. Mark L
There are different types of buyers agents
Dual agency is the most prominent real estate company structure in New York City. However, it can present a conflict of interest. For example, if you connect with a buyer’s agent through StreetEasy that is an associate at ACME Realty and he/she takes you to an ACME property listing, this means the company the associate works for owes its fiduciary duty to the seller. Our article on the NYS agency disclosure form will help you understand the role of an agent.
You should ask whether he/she is an exclusive buyer’s agent. If so, he/she might be a member of the National Association of Exclusive Buyer Agents (NAEBA), which owes a fiduciary duty to buyers only and never list properties. When buying a home, you need an advisor that is working for you. The goal for the agent should be to help you purchase the right property for the right price. For a true buyer’s agent, it is the art of not selling.
This is where experience matters. When purchasing an asset, you need an unbiased voice and someone that will tell you his/her honest opinion whether the property is worth buying and at what price, or even if not worth buying at all.
A listing agent’s job is to sell, and a buyer’s agents job is to advise and look after your best interest at all times.
Concluding thoughts
There are obvious benefits to technology. However, it is not a substitute for doing your homework. Therefore, we have presented additional areas to explore. Don’t be afraid to ask questions, since it is important for you to decipher if you have a knowledgeable agent or one that is just getting started. You should also inquire about references, and call them.
Watch our video to learn more about Elika Real Estate and what a buyers agent should do for you.
The post A Premium StreetEasy Buyers Program appeared first on - Elika Real Estate.
July 1, 2017
22 Bond Street
Art and architectural excellence meet residential project in this six unit development from Richport Group LLC. Is a, it’s an urban oasis designed to maximize space and light. All centered around a central garden oasis.
For a space that put art first while being a work of art in itself, look no further than the ultra-deluxe 22 Bond Street.
Architecture
Blackhaus copyright / Rendering Courtesy of 22 Bond Street
22 Bond Street is a collaboration between multiple firms and design shops from all over the country. BKSK Architects is the Architect of Record, and as such, they took the lead on turning 22 Bond Street into the building it was always meant to be. Relying on the colors of corten steel, buff limestone, and charred wood as a guide, 22 Bond Street is a work of industrial refinement. Incorporating the form of an earlier townhouse and exposed beams into the design, the team focused on creating something that was modern without feeling out of touch with its neighbors.
Residences
Blackhaus copyright / Rendering Courtesy of 22 Bond Street
The six residences are among the finest in the city, each one a work of art in and of itself, and each one with 10-22 foot ceilings, so artwork can be hung anywhere that suits the owners.
Blackhaus copyright / Rendering Courtesy of 22 Bond Street
And of course, with such a landmark building comes a host of luxury details beyond high walls and plenty of open light. Every Unit is a 3-bed unit, each one includes a balcony, and penthouse units have several terraces to relax on.
Blackhaus copyright / Rendering Courtesy of 22 Bond Street
The kitchens (where the double height ceilings continue) are produced by Smallbone of Devizes, with custom millwork and complete with Gaggenau appliances. The bathrooms continue the same custom vein, with matte finish Krion Solid Surface Soaking tubs and showers by Procelanosa.
Powder rooms and secondary bathrooms are equally opulent, with Laguna blue tile for the walls and floor from Concrete Collaborative in the former and Mosa satin showers in the latter.
Some units include 3Form Chroma White Out suspended staircases, and all units have oak tongue and groove wood flooring throughout, as well as plenty of floor to ceiling windows to open out the otherwise narrow space.
Amenities
The common spaces and amenities are what turn 22 Bond from any other condo development into something truly unique. Committed to the long history of Bond Street as an artistic haven, the common spaces are already slotted to display stunning works of art, including Federico Uribe’s “SuperFly”, a Roy Nachum piece specifically commissioned for the site, a poetry installation, and an installation titled Rise and Set in the elevator.
Blackhaus copyright / Rendering Courtesy of 22 Bond Street
Other amenities include beautiful urban garden, designed to incorporate steel and stone and merge the modern design to the streetscape, designed by Future Green Studio. In the lobby, the walls are made of cypress and burned in the Japanese style of Shou sugi ban. There’s also a full-time concierge and a roof deck.
Availability
Of the six units, there are reports of only two currently being available. Unit A, on the second floor, is a 3-bed 3.5 bath, 2,900 square feet apartment with a private, south-facing balcony. Currently, the unit is priced at $8.975 million, bring the price to a little over $3,000 per square foot.
The second unit is unit D for $11.88 million. Spread over two floors and one fo the only units with the floating staircases, it too boasts three bedrooms and 3.5 baths. Each of the floors has its own balcony for a total square footage of 3,358, bring the cost per square foot to a shade over $3,500.
Neighborhood
22 Bond is in the NoHo district, traditionally a high-end destination for wealthy New Yorkers turned into manufacturing and textile hub in the 1900s (giving it plenty of beautifully converted warehouses and loft spaces). It experienced an artistic revival in the 1960s and 70s. Artists like Cy Twombly, Robert Mapplethorpe, Jean-Michel Basquiat, and Chuck Close all called Bond Street home during this time.
Today, the neighborhood has recently received landmark designation. This profoundly artistic history is what drove 22 Bond to become a condo for an art-focused resident – it’s what unites it to the neighborhood, and what brings the neighborhood into the building.
And with fast and easy access to everything from great cafes to Michelin star restaurants, the area has once again become a destination for New Yorkers who are in the know.
[ 22 Bond Street ]
The post 22 Bond Street appeared first on - Elika Real Estate.
June 29, 2017
How to Move from Australia to New York City
New York City is a destination like no other. It’s huge, it’s full of famous landmarks, and it has been immortalized in songs, film, theater, and literature. Moving to New York City is a dream for so many Australians, so how can you make a move?
Step One: Find Your International Removalist
You can’t move across the world by yourself. You need help, and the best way to find this help is to lock down a quality international removalist. This step is so important because your removalist will do much more than just freight your goods to your new home. They’ll help you through every step of the process, from guiding you through the visa application process to relocating your pet.
Image by Stilgherrian / Flickr
Step Two: Applying for a Visa
This is actually step one, but if you’ve found a quality removalist, they’ll make this step a lot easier. You need to apply for a U.S. visa before you leave Australia. You also need to complete this process in person, by going to your local U.S. embassy office. Offices are located in Melbourne, Perth, Canberra, and Sydney. Give yourself plenty of time to complete this process, as there can be roadblocks. The process consists of an interview with a consular employee, and you’ll need to have all of your documents in order before you attend. Additionally reportedly 1000 Aussies on an average win the green card lottery per year so this too would be worth trying.
Step Three: Acclimatisation
Moving overseas is a massive undertaking, and to make a move a little easier when you arrive, it’s a good idea to try and go for a short visit before you make the big move. This is particularly important if you have young children, as it will allow you to tour schools, visit the area you plan on moving to, and get your kids used to the idea of making a move. It will also give you a chance to visit neighborhoods and properties to help picture yourself in your new home and find the perfect option.
Image by Pedro Szekely / Flickr
Step Four: Finding the Right Home
New York is an enormous city, made up of many distinctive neighborhoods. You don’t just want to pick a place on a map and find a house; you need expert knowledge on hand. The best way to find the right home is to get in touch with a local real estate agent, so they can start sending you property listings best suited for your individual needs so then you can visit all available options during your short visit before relocating. While it is possible and many buyers and renters do secure apartments without actually visiting the property, this is not advised unless you trust the advice of your agent. Getting off at the airport and already having a short list of apartments to visit or home ready to go will remove a lot of the stress from the move.
New York City carries some of the highest property prices in the world. Don’t fall into the trap of thinking that you have to live central to enjoy all that the city has to offer. NYC has an extensive public transport network, meaning you can reach the all the main attractions even if you live in Brooklyn or Queens.
Step Five: Finding Work
Finding work in such a big city, with such a competitive job market is tough. In an ideal world, you’ll have a job organized before you land, but this isn’t always possible. To make things easier, you should engage the services of respected employment agencies. The American Australian Association is a trusted, not-for-profit organization that is dedicated to helping Australians settle into New York and find their feet.
The post How to Move from Australia to New York City appeared first on - Elika Real Estate.
June 28, 2017
Citizen360 – 1660 1st Avenue
This is the Upper East Side like you’ve never seen it before. Developed by Anbau, designed by SHoP, and styled by Clodagh, this team is bringing a fresh new face to the seat of luxury living in Manhattan – and reimagining what luxury means.
Architecture
Rendering courtesy of Citizen360
Citizen360 embodies the Yorkville neighborhood it calls home. Designed to match the look and feel of the older building surrounding it, it still manages to offer a minimalist, refined design to the city skyline. Designed with sustainability best practices in mind by the team who designed Uber’s HQ and the Barclays Center, Citizen360 is simultaneously striking and blends seamlessly into the existing built environment.
The textured façade perfectly captures modern style, without being another faceless glass tower. Casement windows and liberal use of brick teleports the tree-lined East 89th back in time, while the towering height reminds the world that the Upper East Side is firmly forward-looking.
Residences
The focus for SHoP and Clodagh is on creating a functional, open space with plenty of light. With that in mind, Clodagh’s unique strain of luxury minimalism comes to the fore. Combined with SHoP and Anbau’s commitment to natural, luxury materials, the results speak for themselves.
Rendering courtesy of Citizen360
They start in the hall, where a smoked walnut door greets you into your new condo. White oak floors throughout and floor to ceiling windows capture every ounce of sunlight for a bright, beautiful space. The kitchens are finished with the same smoked walnut millwork as the door, tying the space together, and every detail has been completed with the best possible materials. Persian white Pulido countertops, backsplash, and waterfall island contrast beautifully with the walnut cabinetry, and Chrome custom-made fixtures from Clodagh round out the space. Appliances are top of the line from all over the world, with Bosch dishwashers, Bertazzoni ovens, and fridges from Sub-Zero or Liebherr depending on the unit.
Rendering courtesy of Citizen360
In the master baths and secondary baths, the luxury continues with the finest materials from Spain, Portugal, and Germany. Apaiser countertops and Saint Louis limestone work beautifully to create a functional space, and teak vanities add a touch of warmth to the minimalist design.
Rendering courtesy of Citizen360
Secondary baths capture the same luxury, with Caesarstone countertops and oak vanities.
Finally, the master bedrooms are fully exposed with a cantilevered glass wall for stunning nighttime views.
Amenities
The amenities are truly robust at Citizen360. They start with a well-appointed lobby with sleek, modern design and wood finishes for the perfect welcome home.
Rendering courtesy of Citizen360
Residents also have access to a three-story fitness center, with a central light well that draws people into the bright, clean space. Built and outfitted in conjunction with Jay Wright of The Wright Fit, the fitness center is truly second to none.
Finally, unwind in the on-premises spa. Clodagh turned all her talents and experience of spa design to build a world-class space that features relaxing fountains and an infrared sauna.
Other amenities include a private dining room, a lounge (complete with roaring fireplace) movie theater, and playroom. And with storage, bike storage, parking and a 24/7 concierge, all your functional requirements are taken care of as well.
Availability
Currently, there are 14 units available, ranging from two bedrooms all the way up to four bedrooms on the 31st floor.
Prices start at $2.1 million for a 2-bed, 2-bath unit with 1,300 square feet of living space on the fifth floor and increase up to $3.1 million for a 2-bed, 2.5-bath on the 24th floor with a total of 1,600 square feet of living space.
Three bedrooms start at $3.9 million and include over 2,000 square feet of living space and 3.5 bathrooms. They cap at $5.5 million for a 2,400-square foot unit on the 32nd floor.
Finally, there are two four bedroom units available for $6.3 and $6.6 million respectively. They’re both 2,800 square feet and include 4.5 bathrooms; however, one is on the 26th floor while the other is on the 31st.
Neighborhood
Yorkville is a neighborhood on the Upper East Side with a long history as the home of luxury. And Citizen360 only builds that reputation. Like the building itself, Yorkville is a corner of the city that is constantly moving forward while still retaining strong links to its past. A combination of global brands and local artisanal craftsmanship mean everything you need is in your backyard.
Combined with some of the best parks in the city like Carl Schurz Park, fine dining options, and plenty of hole-in-the-wall cafes, you can wander forever and never stop discovering gems in your backyard.
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June 27, 2017
Understanding a Condo or Coop Offering Plan
Purchasers of New York City condos and co-ops are afforded a degree of protection from the state, providing you purchasing from a sponsor. In this case, the New York State Attorney General regulates the sale of condos and co-ops, which must be made via an offering plan. However, since many are unaware of these regulations, it does not provide the full intended benefit.
While your attorney can assist in the matter, you should have the understanding to be a more informed buyer and ask pertinent questions. This area is too important to completely delegate to others.
What is an offering plan?
An offering plan describes the physical characteristics of the building. There are typically several sections, which are similar to each building’s plan. These include an intro, a description of the property and improvements, information related to prices, and commercial space.
The Real Estate Finance Bureau reviews offering plans to ensure compliance with the Attorney General’s regulations. Since this can be confusing, we outline the salient points to look for in the plan, which differs for existing and new buildings.
What to look for – new building
Image courtesy of 200 East 79
When buying new construction, there are special considerations since the work may not be complete when you purchase the unit. It is important to note that the property description section governs what the building and unit will include. The selling agent may promise you that your unit includes a parking space or high-end appliances. He or she may even put it in writing, but if it is not in the offering plan, do not expect the building’s sponsor (i.e. developer) to provide it.
The Attorney General’s office provides specific guidance on areas to zone in on.
– Appliances/amenities within the unit: This is a major area of potential contention. A selling agent may promise you high-end appliances, but these might only be available if you pay for an upgrade. The offering plan requires not only the type but must also include the brand name and model numbers.
– Common areas: You should see what is provided.
– Recreational facilities: This includes areas such as gyms and pools. You should look at what is going to be installed, and the type of materials being used.
– Frames: The Attorney General’s office notes frames are almost always steel in larger buildings located in urban areas.
– Façade: Larger buildings in the city are likely to be made of bricks and cement.
– Landscaping: New York City apartment dwellers may not pay too much attention to this, but if there is landscaping, the number and types of trees/bushes are areas to focus on.
What to look for – existing building
This covers purchasers of units in an existing building or one that is being converted into a co-op or condo. Under these circumstances, the requirements are less onerous on the sponsor. The sponsor has to hire a professional engineer, and uncovered defects must be disclosed. After this, it is in the buyer’s court since the sponsor is not obligated to fix the problems.
You may not be concerned by certain problems since you are buying a co-op or condo, and feel these are covered by maintenance/common charges. However, these could increase to fund these repairs.
There are steps buyers can take to afford more protection:
– Keep in mind, façade defects, upgrading plumbing/electrical, and boilers are expensive fixes.
– Read the board minutes. This will give you more information on defects, and what is being done.
– Review the financial statements. Doing so reveals the building’s financial condition, and whether there is a sufficient reserve to fund major repairs.
Concluding thoughts
If you uncover problems after purchasing the unit, re-read the offering plan to check if it was disclosed. In cases where it was not, you should give the sponsor a chance to fix the issue. But, if this is not done on a timely basis, you can escalate your complaint to the Attorney General’s office.
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June 26, 2017
121 East 22nd
The corner of 121 and East 22nd is the latest development from the Toll Brothers City Living and Gemdale Properties and Investment. Sitting at the crossroads of Gramercy and Flatiron and led by world-renowned architect firm OMA, 121 E 22nd is guaranteed not to disappoint. And with 18 floors and two residential towers, there’s sure to be a dream apartment for everyone – no matter what your needs.
Architecture
Rendering courtesy of 121 East 22nd
OMA partnered with a range of architecture services firms to bring their full vision to bear on 121 E 22nd. Shohei Shigematsu (Sho), the director of the Dutch firm’s NY offices, designed the building. His previous work includes the Barcelona Airport Terminal, the Quebec National Beaux Arts Museum, and 23 E 22nd Street.
12 E 22nd has been designed to bind together the two bustling neighborhoods that the building straddles, the angular faces and striking corner reminiscent of the cubist design that inspired it. The texture created by the oversized, glazed windows merge glass and steel while still fitting in with the pre-wars nearby. The result is a stunning interaction between old and new. To execute this technical design, SLCE Architects have been brought on as the architects of record.
Residences
Rendering courtesy of 121 East 22nd
Unlike most condos, 121 East 22nd offers a huge range of residences across its two towers for refined luxury that’s perfect for you.
But what unites them is their commitment to fine design (courtesy of Incorporated) and unfettered luxury.
Rendering courtesy of 121 East 22nd
The kitchens are the heart of any home and are practical and functional with gas cooktops, downdraft hoods, and wine storages in every unit. All the appliances are courtesy of Gaggenau. Quartz, stainless steel, and chrome create a minimalist look that will look as amazing in 20 years as the day you move in, and custom made cabinetry with acid-etched glass detailing warm up the space.
From the kitchen, life flows seamlessly into the living room with wide plank white oak floors throughout and many units including balconies for integrated indoor/outdoor living.
Rendering courtesy of 121 East 22nd
The bathrooms have been completed with no expense spared, with Calacatta Paonazzo marble-clad walls and built in marble Roman soaking tubs.
The secondary baths (again, unusually for luxury condos) have been completed with the same commitment to quality as the master bath, with marble walls and frosted glassed in showers. Finally, the powder rooms create space and depth with Kenya Black accent walls.
Amenities
Rendering courtesy of 121 East 22nd
“At your service” sums up the amenities 121 E 22nd from the private entrance and the 24/7 concierge to the extra storage units and bike space.
Rendering courtesy of 121 East 22nd
Residents can also look forward to relaxing in the central courtyard, where the pool and fitness center spill out into the sunshine, before moving on to the private lounge for a comfortable and practical entertaining space. Alternatively, you can wander to the rooftop terrace and relax around the fire pit and make superb use of the well-stocked outdoor kitchen.
A movie theater and kid’s playroom round out the facilities for a space that is as functional as it is beautiful.
Availability
There are 67 unique floor plans across 133 units so there truly is something for everyone. Currently, there are 12 units available, ranging from 1-bed 1-bath units up to 3-bed, 3.5 baths units.
One bedrooms start around $1.6 million for a 780 square foot unit and go up to $1.95 million for 977 square feet.
There’s a big range of two bedroom units available, ranging from 2-bed, 2-bath units for $2.9 million and $3.7 million for a 2-bed, 2.5-bath, 1700 square foot unit with a 109 square foot balcony.
Three bedrooms start at $4.7 million for 1800 square feet, complete with a broadside of windows letting in plenty of light and a small private balcony off the master bedroom. They go up from there to $5 million for a 3-bed, 3.5-bath corner unit with a little over 2,000 square feet.
Neighborhood
With one foot in Gramercy and another in Flatiron, there’s nothing in the city that isn’t on your doorstep. Cafes and markets give you plenty of options for your morning coffee, designer boutiques keep you busy during the day, and a host of world-class restaurants and bars like the Flatiron Room mean you’ll never be left wanting for things to do as the sun goes down.
…Assuming you can bring yourself to leave your beautiful condo, that is.
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June 25, 2017
Why You Need Title Insurance
There are many things to keep track of when you are purchasing a home. These include ensuring you have an adequate deposit, your finances are in order, and that you can pass muster with a strict co-op board. You may have even considered homeowners insurance, which protects you against damage to your property, and liability for injuries to others, that your lender will require.
However, you may not have considered title insurance, which you will also need to satisfy your lender. It may seem arcane, but you are required to have it at closing, which makes it worthwhile to understand what you are purchasing and how it provides protection.
Image by Laframboise Covenant / Flickr
What is title insurance?
In real estate, the title shows that you are the lawful owner and have the right to use the property. A deed is a legal document used to transfer ownership from one party to the other. This seems easy, but there is a myriad of issues that can come up, and this where title insurance comes in.
You need to purchase title insurance for yourself (owner’s policy), and you are also generally responsible for your lender (lender’s policy). Naturally, this protects you, and your bank wants to ensure that it receives the outstanding mortgage balance.
Title insurance is a bit unusual since the insurance protects you and your lender from past events before your ownership (and undertaken by others), as opposed to most other types of insurance (e.g. auto, medical, life).
The premium payment is due at closing, and it is a one-time fee.
The title insurance company or your lawyer typically conducts a title search while you are waiting to close. This helps determine that the seller has a clear title to the property and can legally sell it to you. The process involves searching the history of ownership, determining the property tax status, and checking if there are any judgments or liens against the property.
Once this is completed, the title insurance is willing to underwrite title insurance. Since this search was presumably exhaustive, you may think this is unnecessary. However, there is the risk that something was missed (i.e. a defect in the title) or a situation from the past my crop up and someone may seek to sue. These defects may include someone claiming ownership, liens, and improperly recorded documents. For instance, you may purchase the apartment from an individual, only to have an ex-spouse make a claim. Title insurance covers the legal cost to defend you and compensates you should you fall on the losing end of the claim.
A regulated market
You are likely to get a wide range of costs paid for title insurance if you ask friends and family outside of New York. The Department of Financial Services licenses title insurers, and the agency approves the rates, in New York State.
This is the list of title insurers licensed in New York State. Fidelity National Title Insurance and First American Title have the large market share in the state. You can also receive a recommendation from your real estate agent or lawyer.
Concluding thoughts
This may seem like an insurance company, or your lender is trying to gouge you, given the low likelihood of a claim. However, it is worth remembering that the relatively modest cost provides a lot of protection, up to the market value of your home.
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June 24, 2017
45 Park Place
Renderings by Williams New York / Courtesy of 45 Park PlaceFew new developments curate the sort of team that Sharif El-Gamal from built for 45 Park Place.
And it shows. Bringing together Piero Lissoni, SOMA architect Michel Abboud, and Jean Nouvel from Studio Nouvel to create a building that can live up to its prestigious address.
Renderings by Williams New York / Courtesy of 45 Park Place
Architecture
The building is a glass-enclosed jewel that offers a stunning addition to the NYC skyline. Rising 43 stories and including just 50 units, it’s been designed from the ground up for high-end luxury. Designed to rise like a thin, elegant blade of grass above the city, the multiple staggered rooftops promise plenty of outdoor living space.
The site also promises plenty of stunning views both north and of the World Trade Center to the south – something maximized by the floor to ceiling windows present throughout.
Residences
The residences deliver some of the best living in the city. Ranging from one bedrooms all the way to 4-bed duplexes, every single one has been designed with love, care, and attention by Italian master Piero Lissoni.
Renderings by Williams New York / Courtesy of 45 Park Place
The smaller 1-bedroom units come complete with Boffi on/off kitchens to maximize space without compromising on quality. Larger units have Boffi white lacquered cabinets for a crisp, clean look but build it out with Corian waterfall islands, Gaggenau appliances, under-counter fridges and wine storage.
Renderings by Williams New York / Courtesy of 45 Park Place
Regardless of the unit though, the same quality and luxury carries through to the master baths. Whether it’s the free-standing soaking tubs by MOMA Design in the one bedrooms, the Pietra d’Avola raw limestone walls and Silk Georgette stone vanities designed and manufactured by MOMA Design in the 2-bedroom tower units, or the dual vanities in the master bath of the penthouse duplexes, no single corner was cut when it comes to 45 Park Place.
Renderings by Williams New York / Courtesy of 45 Park Place
Of course, the pièce de résistance is the duplex staircase. Spiraling elegantly up to the second bedroom floor. It adds a sense of grandeur and scale to the building while still retaining its sleek, modern look.
Amenities
To match the top tier quality of the units and materials, 45 Park Place provides residents with plenty of amenities for all their needs. First fitness. There’s a 50-foot pool, stunningly designed and completed with Verdi Alpi green marble floors and Ceppo di Gre stone walls.
Renderings by Williams New York / Courtesy of 45 Park Place
To unwind after (or before) a swim, there’s a warm wood deck with a cedar sauna.
And if swimming isn’t your cup of tea, you can always burn off some calories in the 24/7 gym or unwind and refocus in the purpose-built yoga studio.
Renderings by Williams New York / Courtesy of 45 Park Place
When it comes to socializing, 45 Park Place is equally prepared with a residents lounge. Complete with a Boffi kitchen, pool table, and retractable screen, it’s an all-in-one entertainment solution, no matter how you like to relax with friends.
And with a fully stocked children’s playroom, even the youngest 45 Park Place members will feel at home.
Availability
Of the 50 units in the building, there are currently five available.
Two of them are 2-bed, 2.5 bath units about 1,500 square feet each. One is east-facing on the 18th floor, clocking in at $3.7 million. The second is west-facing on the 21st floor and is slightly larger to boot. It clocks in at a little over $4 million.
Currently, there are only one three bedrooms available. Listed at $4.6 million, it includes 1,900 square feet and 3.5-baths.
Finally, we get to the full-floor duplexes. One is on the 26th floor and the other on the 34th and they both have around 3,300 square feet of living space. They’re listed for $11 and $12 million, with the slightly more expensive unit coming with slightly more space and the higher floor. In both these units, the master bedroom is situated in the corner for spectacular views across the city.
Neighborhood
Park Place needs no introduction as a frequent hotbed of high-end luxury residences. And it’s no wonder – situation on the border of the financial district and Tribeca, there’s nothing that’s not a 10-minute walk away. Peruse artisan crafts and high-end restaurants like Jungsik, the best Korean food in the city. Or browse high-end brands at the new Westfield at the World Trade Center (brands like Hermes or Shinola).
Or just go people watch at the city hall fountain.
Whatever you’re after, 45 Park Place is a good place to jump off from – and an even better place to come back to.
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