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 | asaturno-sanjana@eversco.com 
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April  2016
Prime Property | NY
Spectacular Greenwich Village Gold Coast Loft
Spectacular Greenwich Village Gold Coast loft--and pet friendly, too!  This corner unit with southern and eastern exposures affords a stunning view of downtown, including One World Trade Center.  The renovated, open-plan kitchen with breakfast bar features stainless steel GE Profile appliances, espresso-hued Caesarstone countertops, white, high-gloss, lacquer cabinets with bespoke built-ins and ample storage
space.  Three California-style closets help keep the clean and contemporary lines of the living area.  A marble bath with wenge-wood vanity, wide-
plank hardwood floors, central air conditioning and the use of the washer and dryer on the floor at no extra charge make for convenient urban living in a classic, prewar building with elevators and 24-hour concierge.  Near Union Square Greenmarket, Whole Foods, Trader Joe's, Washington Square Park, NYU, Parsons School of Design, Gotham Bar & Grill, Amorino Gelato and myriad shops, restaurants and nightlife.  Offered for rent.  Shown by appointment.
NY | Manhattan | Iconic Restaurants in Iconic Neighborhoods
But to residents and the experienced, the island is rigidly divided into clearly defined neighborhoods, each with its own character and identity, be it Greenwich Village, Soho, the Upper East Side or Tribeca.
 
The world's greatest chefs also ensure they each have their own flavors as well, at iconic restaurants that boil down the zeitgeist of the streets into dishes that gain fame in their own right, from a pastrami sandwich at Katz's Deli to a steak at Delmonico's. 
 
 
Find your way to the heart of Manhattan through the stomach at these 12 iconic restaurants at the island's most iconic neighborhoods.  (NewYork.com Click here for full article
Prime Property | MD
Garden View | The Elizabeth of Chevy Chase
This charming and spacious one bedroom in The Elizabeth of Chevy Chase features an expansive living and dining area overlooking the garden plaza. An eat-in kitchen, a large bedroom with a walk-in closet, neutral wall-to-wall carpeting and an updated bathroom make this h
ome move-in ready. The low monthly fees include all utilities and one reserved garage parking space.
Residents of The Elizabeth enjoy a stately circular driveway and marble entryway with a concierge on duty, an indoor swimming pool, exercise and party rooms, a huge furnished lobby with library, bar, reading room, piano area, conference area and tables. Outdoor spaces include several decks for taking in the sunshine. The arcade features a valet, a delicatessen and professional offices. A community shuttle bus takes residents to Friendship Heights Metro, Whole Foods, Bloomingdale's, Neiman-Marcus and other shops and restaurants.
Washington, DC
Washington Market Summary for March 2016
( RBI )
New York City
Manhattan Residential Sales Market Report March 2016
       
Overall Manhattan contract activity dipped slightly compared to last year, but rebounded from last month's atypically low number of sales.  Condo sales declined by 5% compared to this time last year, while co-op sales dropped a modest 3%.  Price per square foot trends diverged in the condo and co-op markets, with average price per square foot down 7% year-over-year in the condo market but up 5% in the co-op market.  The length of time from listing to sale changed little in both the condo and co-op markets compared to last year, and was in line with the twelve-month average.  Condominium inventory continues to increase, with listed inventory up month-over-month and year-over-year.  The co-op market bucked its 16-month trend of annual declines in inventory, with total co-op listings rising year-over-year for the first time since November 2014.
(Citi Habitats

Brooklyn Residential Sales Market Report March 2016
March 2016 sales activity increased 5%, likely due to the 21% year-over-year boost in inventory.  The average sale price was 2.2% lower than the average asking price this month, now the fourth consecutive month of discounts.  Median price dropped 9% year-over-year but increased 8% from February.  Average price per square foot dipped 8% from last year and just 1% from last month. Days on market remained below 60 days, level with last month and last year.  (Citi Habitats)
                                     

Manhattan Residential Rental Market Report Q1 2016
When compared to the last quarter of 2015, market conditions have remained generally stable.  Average rents for all apartment sizes were relatively unchanged, while the borough's vacancy rate declined, reflecting an uptick in demand for rental housing.
 
The lower quarterly vacancy rate is largely the result of an increase in landlord concessions.  Throughout the first quarter, 21% of transactions brokered by Citi Habitats included some form of move-in incentive, compared to 12% during both the previous quarter and a year ago (in Q1 2015). 
 
In fact, a larger percentage of leases included an incentive during the first quarter of 2016 than in any quarter in more than 5 years.  The last time they were as prevalent was during the third quarter of 2010, when they were included in 22% of new leases. 
 
When comparing the first quarter of 2016 with the quarter that preceded it, rents changed minimally.  Pricing for studios rose 0.2%, while the average rent for a one-bedroom apartment increased 0.7%.  In contrast, rents for two- and three-bedroom homes fell 0.3% and 0.4% respectively.
 
When examining vacancy rates across Manhattan, we found 1.77% of apartments to be available during the first quarter of 2016, down from 1.96% in the fourth quarter of 2015.  (Citi Habitats)

Manhattan Residential Rental Market Report March 2016
Rental pricing in March 2016 remained largely unchanged from February.  Meanwhile the Manhattan
vacancy rate increased slightly to 1.79% from February's rate of 1.74%. In addition, we found that 20% of leases signed with our company included an incentive during March. While down from 25% a month earlier, this percentage is still considerably higher when making a year-over-year comparison.  As was the case in Q1 and Q4 2015, 12% of Citi Habitats' rental transactions included a concession in March 2015.  (Citi Habitats)
 
Click here for the March 2016 Manhattan Rental Market Report                                 

Italy | Michelangelo Buonarroti's Former Home
Art lovers take note: a sprawling villa once owned by the artist and sculptor Michelangelo Buonarroti is on the market.  And if you have a few million to spare, the masterpiece could be yours.  The eight-bedroom villa, located near Siena, was bought by the Renaissance master in 1549 and remained in the Buonarroti family until 1867--more than 300 years after his death.  The home, surrounded by the vineyards of Chianti and views of Tuscany's rolling hills, could be yours for €7.5 million.  ( The Local - Italy)                                                                            Click here for full article
Good Reads | NY and Mumbai | Six Degrees of Education

In his new book, Ignatius Chithelen says he is a goat and not an Asian Tiger--in Mumbai he read Dostoevsky instead of mastering calculus.  His search for journalism and Wall Street jobs provides an unorthodox guide for changing careers.  He discusses how competitive exams enable India to produce world-class engineers, while 15% of college graduates are unemployed; the puzzle of India's elections; and its five religions, four castes and 22 major languages.  Along the way, he loses Santa Claus in Mumbai; fears arrest during Indira Gandhi's Emergency; is saved from drowning; finds his lost briefcase, with $3,880, in New York; and learns how to overcome writer's block.
Ignatius Chithelen was a reporter for Forbes and has written for Barron's, Knowledge@Wharton and The New York Times.  His six degrees include a Masters in Journalism from Columbia University and a Bachelors in Philosophy from Mumbai University.  A Chartered Financial Analyst, he is a fund manager in New York.

DC | Dining Around Georgetown
Founded in 1751 in the Province of Maryland, the port of Georgetown
predated the establishment of the federal district and the City of Washington by 40 years.  Georgetown is a US National Historic Landmark District and on the US National Register of Historic Places.

From neighborhood stalwarts like Clyde's to relative newcomers like Chez Billy Sud, greater Georgetown remains a dining destination and a great place for a passeggiata afterwards.  Start with breakfast at Pâtisserie Poupon on Book Hill and end the day by the water--along the C&O Canal at Il Canale or on the Potomac River at Fiola Mare.  (Washingtonian)

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 | asaturno-sanjana@eversco.com 
Visit me on the web!  DC | NY 

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