The Minute DC | NY: 

Washington & New York on Your Doorstep 

 

Andrea Saturno-Sanjana  

 

Capital to Capital.  A Higher Standard.  Bespoke Service.

     

Licensed in DC | MD | VA | NY | (212) 888-0550 | (202) 696-0701 | andrea@realnydc.com 
Visit me on the web!  DC | NY 

   Like us on Facebook   Follow us on Twitter   View our profile on LinkedIn   Find us on Pinterest   View on Instagram  

March 2017 
Prime Property | Dublin, Ireland | Guinness Castle 
Ireland's Guinness Beer Castle, situated a little south of the city of Dublin, has hit the market for $29.5 million--that's more than 4 million pints.
The castle, also known as Luggala, was given by Ernest Guinness to his daughter, Guinness-beer heiress Oonagh (whose formal title was Lady Oranmore and Browne), who lived there until her death in 1995.

The castle sits on 5,000 acres and lies within its original 18th-century gardens surrounded by old Irish oaks, lawns, heather and wildflowers.  Luggala itself is a 19,099-square-foot former hunting lodge and comes with a total of 27 bedrooms and 18 full bathrooms.

Also on the grounds is a "main house" with seven bedrooms, a dining room, three main reception rooms and library.  Then there's a four-bedroom guest house and a further seven lodges and cottages within the estate.

While it was in the hands of Oonagh, the castle became a venue for lavish gatherings.   "Nobody could keep away:  Dublin intelligentsia, literati, painters, actors, scholars, hangers-on, toffs, punters, poets, social hang-gliders were attracted to Luggala as to nowhere else in Ireland--perhaps even in Europe, from where many would come," wrote The Independent in Oonagh's obituary.  (LLNYC )
Flora | Designing a Balcony Garden
A balcony garden can be as complicated or simple as you want. You can spend thousands of dollars or you can do it for very little money.  With plant and container choices you can either make a relatively low maintenance , easy balcony garden, or you can do a full-on farm.  It depends on your space, light and exposure and the amount of time, energy and or money you want to spend.
Balconies are usually microclimates, differing significantly from the climate on the ground.   There can even be different microclimates, even on a tiny balcony.  If an area is shaded, that can be one climate, if another area is exposed to the wind, that is a different climate.  Also, the conditions on balconies can be extreme, with huge temperature fluctuations.  Also, surface treatments can affect how hot or cool your balcony is and if it retains the heat over time.

The good news is that there are beautiful plants for almost every condition possible. The trick is to really figure out what the environment is, before you plan your garden.  If you take the time to really evaluate your conditions, your chances of gardening success will be greatly enhanced.   (The Spruce )
Washington, DC
Washington Market Summary for February 2017

 
( RBI )
New York City
Manhattan Residential Sales Market Report February 2017
Contract activity increased marketwide this past February, up by 7% compared to last year.  The condo market saw notable year-over-year increases in all pricing metrics-while the co-op market saw small decreases across the same metrics.  Both markets, however, were marked by increases in the amount of time listings spent on the market, fueled by borough-wide inventory growth.  Negotiability was more pronounced in both the condo and co-op markets, a trend that has persisted since early 2016 due to increasing buyer choice.   ( Citi Habitats )

Brooklyn Residential Sales Market Report February 2017
In Brooklyn, February saw a double-digit increase in contract activity versus last year, with 26% more sales.  Median and average sale price experienced significant annual gains, with double-digit growth of 22% and 29%, respectively, marking the largest increase in pricing since March 2015.  All bedroom types except for studios experienced a 6% rise in pricing over the last year, causing overall price per sq. ft. to rise 10% year-over-year to $880 per square foot.  However, the trend of price discounts continued into February, with an average discount of 2.4% off asking price, and nearly half of sales traded below ask.   ( Citi Habitats )
 
Manhattan and Brooklyn Residential Rental Market Report February 2017

Last month, the average monthly rental price for a Manhattan studio was $2,315. For one-bedroom homes, the average was $3,097.  For two-bedrooms, the average rent was $4,085.  Finally, the average three-bedroom apartment rented for $5,225.

In comparison, Brooklyn studio apartments (in the 14 neighborhoods studied) rented for $2,286 per month on average.  For Brooklyn one-bedrooms, the average rent was $2,822, while rents for two- and three-bedrooms clocked in at $3,642 and $4,913, respectively.

In February, Manhattan's vacancy rate rose to 1.98%--from January's rate of 1.90%.  The rate is also higher when compared a year prior.  In February 2016, the Manhattan vacancy rate was 1.74%.

When examining concessions, 31% of rental transactions brokered by Citi Habitats offered a free month's rent and/or payment of the broker fee to entice new tenants in February-down slightly from 37% in January.  Looking year-over-year however, their prevalence increased.  In February 2016, 25% of leases offered an incentive.

"While landlords are still offering move-in incentives on a substantial number of apartments, they may have been emboldened by the declining vacancy rate from December to January.  As a result, they pulled back their use of concessions slightly last month," explained Gary Malin, President of Citi Habitats.  "The fact is, many home-seekers, especially those looking at luxury product, are savvy shoppers and price-sensitive.  So when they didn't see 'good value' in the marketplace, the vacancy rate rose once again.  There is simply a lot of inventory available.  Tenants can pick and choose from a variety of enticing options-on both sides of the East River.  But the good news for landlords is that February is typically the height of the 'winter doldrums.'  It will be interesting to see how the market shifts as we enter spring, as demand will likely increase."   ( Citi Habitats )

Click here for the February 2017 Manhattan and Brooklyn Rental Market Report                                 

Cusine | Seasonal Eating for Spring
Long before the farm-to-table restaurant movement became widespread, there was, as our grandparents (and great-grandparents) knew, an understanding that eating with the seasons was both delicious and healthful.  Whether a celebration around one seasonal food or a carefully balanced approach based on ancient medicine, these restaurants greet the arrival of spring with fresh and mouth-watering delights of the season.
DC | Glover Park | Old Europe
Since its founding in 1948, Old Europe has been serving authentic German cuisine with a seasonal approach.  Spargelfest, their famous spring asparagus festival, not only features green and white asparagus but also serves chilled cherry soup and Maypunch, German sparkling wine and May wine garnished with strawberries.
NY | East Village | Divya's Kitchen
When she opened the first fully ayurvedic restaurant in New York City last autumn, for over a decade, Divya Alter had been both serving ayurvedic meals through her catering service and teaching others how to cook them.   Ayurveda is one of the world's oldest holistic healing systems.  It was developed more than 3,000 years ago in India and is based on the belief that health and wellness depend on a delicate balance among mind, body and spirit.   Click here for Divya's Kitchen

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.


Sincerely,
 
Andrea
Licensed in DC | MD | VA | NY | (212) 888-0550 | (202) 696-0701 | andrea@realnydc.com 
Visit me on the web!  DC | NY 

   Like us on Facebook   Follow us on Twitter   View our profile on LinkedIn   Find us on Pinterest   View on Instagram  

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.