March 2016
N Y C   I N S T A G R A M   O F   T H E   M O N T H
Grand Central Station in the Rain
New York City seems to look better in the rain. It shines. When photographing Grand Central, the obvious choice is the interior, but I like this entrance. It is classic New York and timeless in an age where everything around it is changing so quickly. Iphonography also provides an opportunity to present it in a more retro painterly fashion. Follow me on Instagram to see more of my cityscapes that I grab on the go.
W H A T ' S  H A P P E N I N G
Will the Streetcar Return to NYC? 

If you have ever tried traveling between Brooklyn and Queens via mass transit, you know how difficult that can be. Even with the G train many people will come through Manhattan just to travel between the two boroughs. Until the 1930's a large web of trolleys connected Brooklyn and Queens. Today, Mayor de Blasio is proposing a waterfront streetcar running from Astoria, Queens to Sunset Park, Brooklyn. Opponents feel running a streetcar through major flood zones could be a problem. Two new bridges will also have to be built. Here is a brief history of the streetcar in NYC.

N E W   D E V E L O P M E N T
Industrial-Inspired Condo in Long Island City
Speaking of Queens, here is a project I'm keeping an eye on:  The Jackson at 1333 Jackson Avenue in an area I really like.  Inspired by commercial buildings of the past that have turned condo, this one is being built from the ground up for residential living. With higher ceilings and large windows these apartments will have a loft-like feeling. Located right by the 7 train and MoMa's PS1 make this a great location in an area still developing. A one bedroom will range from 600 - 700 sqft and will be priced from $600K - $900K. Two bedrooms will range from 850 - 1,000 sqft and start at about $900K. Termed 'affordable luxury' by it's designer, this is a great value for those who don't want pay twice as much for something similar in Tribecca or Dumbo. Completion is expected in the spring of 2017. Sales are expected to begin this March so get a head start and contact me now for more info! 
S A L E S   H I G H L I G H T
Williamsburg Condo with Private Rooftop Cabana

125 North 10th Street Brooklyn  2 BR  $1.4M
This split 2 bedroom 2 bath condo apartment in the heart of Williamsburg features not only a terrace, but also a private rooftop cabana. The cabana space has been fully landscaped and feels like a little private hideaway. High ceilings, big windows and an open floor plan make for a bright and airy feeling. A tax abatement through 2024 keeps taxes really low. Just 4 blocks from the 1st L train stop in Brooklyn puts you in the heart of this cool Williamsburg neighborhood. Contact me to schedule a viewing.
A R C H I T E C T U R A L   N E W S
Tokyo Hopes for a Mile-High Skyscraper in 2045
Anticipating that climate change will continue to increase sea levels and that the population will continue to rise, Japan launched an initiative called "Next Tokyo". the project hopes to create a futuristic mega-city that is adaptable to climate change in the year 2045. Hexagonal-shaped structures in the bay would help minimize the effects of intense waves and provide safe travel for ships. Sky Mile Tower would soar some 5,577 feet, twice the height of the Burj Khalifa, the world's current tallest building. 55,000 people would live in the structure and share amenities such as shopping centers, gyms, libraries, health clinics and more. Representatives from "Next Tokyo" believe the value of new waterfront properties in Tokyo Bay could help pay for the project's construction should the proposal go through. 
G R E E N   A R C H I T E C T U R E   N E W S 
The 'Thousand Trees' Project in Paris
A growing trend in real estate development has been the incorporation of green spaces into a building's design. This proposed Thousand Trees project in Paris takes that to whole new level. The designers envision a forest engulfing a futuristic, ship-like building which will include residences, offices and a luxury hotel. The plan won first prize in its category at the recent Reinventing Paris architecture and design competition. 
R E N T A L  H I G H L I G H T
The Warren Place Mews in Cobble Hill, Brooklyn
8 Warren Place 2 BR 4,900/month
I learned about the Warren Place Mews while taking a tour of Cobble Hill and Carroll Gardens, Brooklyn. We were allowed access into the gated community, and I was charmed by its beauty and serenity very quickly. Built in 1870 for the working class, the mews consist of 34 cottages and share a common English courtyard. More recently, one sold for over $1.5M.  Though small, they are really special and unique. Learn more about this home here.
A R T   N E W S 

Sight Reading: Photography and the Legible World

This exhibition explores the history of photography, revealing some of the many ways a photograph can be read and how the camera has turned the world into a legible place. Photographs have rewritten the way we perceive ourselves and our world. Their history will read differently to each new generation. 
When visiting the show, please take time to explore the Morgan's amazing architecture and interiors. Mr. Morgan's Library should not be missed!

H I S T O R I C A L   N Y C
The Vanderbilt Mansion on 57th & 5th

Early this year I moved to our Fifth Avenue office, right on 57th Street. It puts me more central to everything In NYC and a bit closer to the UWS where I help a lot of clients. Walking up and down 57th Street, I see these super-tall new developments that have given the street the nickname of "Billionaire's Row" . But, perhaps, this isn't entirely new. Cornelius Vanderbilt II's mansion on Fifth Avenue between 57th and 58th Streets could give these new developments a run for their money! Built in 1882-83, the mansion was, and remains, the largest private residence ever built in NYC. It survived until 1926 when it was demolished to make way for Bergdorf Goodman which will probably stay for quite a while as it is close to landmark status. Are you familiar with the gates at the entrance to Central Park's Conservatory Garden? They were salvaged from the mansion, and are seen in the lower right corner of this photograph.
M A R K E T  R E P O R T 
2015 4th Quarter Coop Report
The median sales price for Manhattan co-ops came in at $725,000; a modest 1.4% rise from the year ago period. Compared to the third quarter of 2015 median sales prices dipped 3.3%, however, the time it takes to sell a co-op rose 21.5% from 39 to 48 days. Median price per square foot trends registered an 8.8% increase year-over-year; rising from $891 to $969.  If you haven't had a chance to check out our full 2015 4th Quarter Report, check it out here.
T H A N K  Y O U
Jason Homa
Licensed Real Estate Salesperson
Licensed as Jason Homa
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If you are thinking about buying, selling or renting, or would just like to chat about the state of the market, please reach out to me at anytime, I would be happy to hear from you.
 
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