Gea Elika's Blog, page 166

Inventory Levels Provide Clues for 4Q

We examine the Manhattan real estate market for the third quarter. While it is apparent prices rose, recent headlines regarding the stock market and the economy may have some thinking this may change shortly. We don’t expect this to be the case.

The quarter, which spans the summer, is an important one. The nice weather and rush to move before the start of the new school season are on buyers’ minds. Although the past is not necessarily a prelude to the future, we cull the important data in order to predict where the heady borough’s real estate market is heading.

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7 Hidden Costs That Come With Living in NYC

When living in New York City, money has a way of flying out of your pockets and disappearing into the Big Apple abyss. Yes, you’ll deal with those expected extras such as late-night cab rides and sending your laundry out, and you’ll end up splurging on activities like Broadway shows or regular visits to the Whitney Museum. But what about those costs you never knew about at all?

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The Shephard

Ideally located at 275 West 10th Street, the 38 condos in The Shephard provide an opportunity to live in a masterfully renovated building that pays respect to its history of over 100 years.

History

The Shephard was originally built in 1895. Over the last century, it has remained a key part of the West Village landscape. With its recent renovation, the building provides a modern setting that is guided by a rich history.

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5 Reasons Why You Should Consider Buying in a Doorman Building

I live in a building with a full-time doorman, and admittedly, to some extent I’m spoiled. Not that I wouldn’t consider living in a non-doorman building if I found the right apartment for my lifestyle.

When I searched to buy an apartment in Manhattan, I did, in fact, look at many co-op apartments that lacked a doorman or had a part-time doorman. And, I made offers on a few of those co-ops, albeit unsuccessfully. However, the apartment in which I currently live was meant to be, and it just so happened to come with a 24-hour doorman, which was a real bonus.

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One West End

With 246 residences spanning across 42 stories, construction at One West End is slated to be completely finished by 2017. This building marks the first condominium project to come to market in the exquisitely designed Riverside Center, which will offer nearly 100,000 square feet of retail, a school and more.

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Are Mortgages Available?

A great deal of the current discussion in the press and financial circles revolves around the level of mortgage rates. This is particularly true after the latest Federal Open Market Committee (FOMC) meeting, the arm of the Federal Reserve that decides monetary policy and what to do regarding short-term interest rates. We have discussed our thoughts on mortgage rates several times in the past.

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Ralph Walker Tribeca

Located at 100 Barclay Street, this building has been an icon since 1927. And for residents who are lucky enough to secure one of the residences spread across 31 stories, Ralph Walker Tribeca will provide an excellent home.

History

Ralph Walker Tribeca has the distinction of being the building that set the standard for the Art Deco Movement in both New York and the rest of the world. What’s especially interesting about the design of this building is its beauty was inspired in part by the need for the structure to comply with zoning laws and have enough space to store all of the New York Telephone Exchange’s machinery.

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5 Tips for First-Time Buyers in New York City

So, you’re taking the leap. After living as a renter in the Big Apple for a decade or more, you’re in a position to buy a New York apartment ––– finally. You’ve sacrificed and saved your pennies for the past five years, so now it’s time to become a homeowner in New York City. No matter how much apartment you can afford or in which neighborhood you plan to live, heed these first-time buyer’s tips to ensure your initial home-buying experience goes off without a hitch.

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111 Murray

With 157 units spread over 66 stories, 111 Murray will be an incredible building to call home when it’s completed in 2018.

Architecture

Kohn Pedersen Fox Associates is the team that’s responsible for this iconic new addition to the New York City skyline. Thanks to the combination of curved glass and gradual expansion, 111 Murray creates a sense of movement up its 64 floors. The movement culminates with the building’s crown. Not only does 111 Murray have a striking exterior, but its design provides wonderful views for all of its residents.

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Charming West Village Streets: Bedford, Perry, and Charles

Few neighborhoods exude the level of charm of the West Village. Overflowing with history, quaintness, and a relaxed vibe, this downtown neighborhood boasts some of the most picturesque streets in all of New York City.

I could stroll around this section of Greenwich Village for hours on end, probably get lost –– even after visiting dozens of times previously ––since the streets aren’t on a grid. Eventually, I’d collect myself and figure out which direction is north, south, east, and west, and then make my way to one of these gorgeous streets.

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