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The Minute NY | DC:
New York & Washington on Your Doorstep |
| Andrea Saturno-Sanjana |
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| Capital to Capital. Real Estate. NYC & DMV. |
Licensed in NY | DC | MD | VA | (212) 888-0550 | (202) 696-0701 | andrea@realnydc.com
Visit me on the web!
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Prime Property | NY | Upper East Side | Luxurious in Lenox Hill
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This luxurious Lenox Hill Junior Four boasts an enormous living room with a wall of windows and has breathtaking river and city views. Adjoining the living room is a bonus room which can be a dining room, a second bedroom or a home office. Sliding-glass doors lead to a charming terrace large enough for entertaining. With closets galore and 1.5 stunning, fully renovated marble baths as well as the ability to install a washer and dryer, this home is designed for living.
The expansive bedroom can easily a
ccommodate a king-sized bed.
Situated in a classic co-op which features a full-time doorman, a concierge, a live-in resident manager, a circular drive, an attached garage, a state-of-the-art fitness center, laundry, storage and bike storage. Pet-friendly, the building welcomes pieds-à-terre, subletting and co-purchasing. The new Q train is just around the corner, with Equinox, art galleries and restaurants such as Jones Wood Foundry, Sushi of Gari and Persepolis as neighborhood mainstays.
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| Prime Property | NY | Midtown East | Timeless in Turtle Bay |
Luxury apartments in Midtown East that are both timeless and today. Welcome to The Buchanan in Turtle Bay. One of Manhattan's classics, its pre-war sensibilities have been updated for modern living. With space, style and convenience, these Midtown East rentals offer that coveted New York lifestyle: the best of everything, in the center of it all. However long you call this city your home, living at The Buchanan provides a once-in-a-lifetime experience.
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Both Washington and New York are well-known as museum towns. From the NGA to the Met, art lovers are spoiled for choice. Also in both cities, art galleries abound in unexpected places. From emerging to established artists, here are three shows to catch before summer ends.
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NY | Uptown | Inwood | Astronaut in Love
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In this collage series, artist Jeff Elliott's Astronaut is trying to tap into the nothingness of an existence where all knowledge is shown but little is retained. Amid all the cataclysmic happenings in his everyday world, this Astronaut prefers to stay in his head and chooses to worry about the mundane things--relationships, food, cats, regrets, etc. This journey is not about trying to find himself; this has already been established. This journey is about getting rid of the detritus, the nothingness that plagues his mind and answer the question, "What's next?"
Throughout the summer, head uptown to Darling Coffee to view Distant Bodies: A Sci-Fi Arts Show to catch the Astronaut series.
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NY | Downtown | Chelsea | For Shelley
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326 Gallery opened in early 2016. Started by Dustin Stein, the gallery's program focuses on showcasing emerging and mid-career painters and conceptual artists in a ground-floor Chelsea gallery.
The current exhibition, For Shelley, unites 10 female artists inspired by the complicated legacy of 1970's independent film icon Shelley Duvall. For many, Duvall evokes a specific time and place in American cinema. Her quirky features and enigmatic style were sources of inspiration for several male auteurs associated with the American New Wave (1968-1980). For Shelley is curated by Joseph A. Gross of Simuvac Projects and Theresa Hioki.
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DC | Logan Circle | Art14
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When in Washington, I do not even need to leave the office to enjoy works by local artists. Each season, Coldwell Banker Residential Brokerage's Dupont - Logan Office hosts Art14. The space and light in our cutting-edge workplace is the perfect setting to view works by Michael Crossett, Charlie Gaynor and Mark Parascanodla. 1617 14th Street, NW. Do stop by!
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Washington Market Summary for June 2017
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Manhattan Residential Sales Market Report June 2017
The summer started off with level condo contract activity but a decline in co-op sales. Average sale price experienced a modest decline for condos and co-ops, and average price per square foot dropped around $100 in both the condo and co-op markets. However, median price rose notably compared to last year. Inventory rose slightly over the last year for both condos and co-ops, as steady contract activity has failed to make any significant impact on inventory. Negotiation continues to remain prevalent, with the discount from last ask continuing to hover around 3% for condos, and 1% for co-ops. There was an increase in average days on market for both condos and co-ops.
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Citi Habitats
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Brooklyn Residential Sales Market Report June 2017
During June, the Brooklyn market experienced its fifth consecutive month of annual sales increases, up 11% versus last year. However, median and average sale price experienced modest drops year-over-year, by 2% and 4%, respectively. The number of homes which sold at a discount fell to a twelve-month low of 33%, indicating that sellers were more realistic with pricing expectations. As fewer homes sold below asking prices, the difference from last asking price to sold price was actually 0.2% above the average asking price, driven by several townhouses selling after multiple offers. The days on market figure of 61, while up year-over-year, still indicates a very competitive market in Brooklyn..
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Citi Habitats
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Manhattan and Brooklyn Residential Rental Market Report Q2 2017
From May to June, rents in Manhattan and Brooklyn remained stagnant.
Pricing in Manhattan declined an average of 1% for studio and two-bedroom units when compared to the month prior. Rents for one-bedroom homes rose, while they decreased for three-bedrooms - but by insignificant amounts for both categories.
In Brooklyn, average rents fell 2% for studio apartments. Pricing declined for one-bedrooms, while it increased for three-bedroom homes. However, the changes were negligible for both apartment sizes. Rents for two-bedroom units remained unchanged from May.
Meanwhile, the vacancy rate ticked upwards
. In June, 1.74% of Manhattan apartments were vacant, compared to 1.58% in May. Vacancy rates were highest in the East and West Villages, where small homes often carry high price tags. In contrast, inventory was tightest in Murray Hill and the Upper East Side, both areas with a reputation for offering 'good value' for tenants.
Are incentives the market's 'new normal?'
In June, 28% of new leases signed with Citi Habitats included some form of concession, up from 22% in May. With increased options for apartment shoppers, many landlords continue to rely on concessions to keep rents at the levels they desire. The percentage of leases that include a move-in incentive has topped 20% since September of 2016, and has been higher than 10% from October 2015 onwards.
While the market has recently slowed, the quarterly data shows strength when compared to Q1.
During the second quarter of 2017, Manhattan rents increased overall when compared to the quarter that preceded it. Meanwhile, the borough's vacancy rate decreased to 1.78% from 1.93% in Q1. The percentage of concessions also fell quarter-over-quarter. During the most recent quarter, 26% of leases included one, compared to 34% in Q1.
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Our research found that rental market conditions shifted further to the tenants' favor during June, bucking the historic trend of a market that tightens as summer progresses. Average rents remained flat or declined slightly across the board month-over-month, while the vacancy rate climbed. Landlords' use of incentives also increased. This extends the string of double-digit concession percentages to 20 consecutive months
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-Gary Malin, President of Citi Habitats. (Citi Habitats)
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| I would personally like to thank you for taking the time to view this email. If you're thinking of buying or selling, you need an agent who knows my hometown of Washington and my adopted home of New York like no one else. I'm that agent. It would be my pleasure to assist you with all of your real estate needs.
I pride myself on cutting through the hassles of buying or selling and providing my clients with exceptional customer service. Let me earn your business.
Andrea
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Licensed in NY | DC | MD | VA | (212) 888-0550 | (202) 696-0701 | andrea@realnydc.com
Visit me on the web!
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DC
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Real estate agents affiliated with Citi Habitats are independent contractor sales associates and are not employees of Citi Habitats. Citi Habitats is a licensed real estate broker located at 387 Park Avenue South, NY, NY 10016. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Citi Habitats makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Citi Habitats advises you to hire a qualified architect or engineer. This is not intended to solicit property already listed.
Equal Housing Opportunity.
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