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The Minute NY | DC:
New York & Washington on Your Doorstep
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Andrea Saturno-Sanjana
Capital to Capital. Real Estate.
Licensed in NY | DC | MD | VA | (212) 888-0550 | (202) 696-0701
MCNE - Master Certified Negotiation Expert
CLHMS - Certified Luxury Home Marketing Specialist
Visit me on the web! NY | DC
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Prime Property | NY | Yorkville - UES | East River Views |
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Direct East River views from this three-bedroom, two-bath home with solarium balcony and building permission for a washer and vented dryer.
Freshly painted and ready for complete restoration and customization, this home offers four exposures with the living room and primary bedroom suite facing southeast, approximately 8.5-foot ceilings and original large-square parquet floors.
One Gracie Terrace is a classic, mid-century cooperative in the Upper East Side’s Yorkville neighborhood and features an elegant lobby, a tranquil courtyard, a light-filled gym with Peloton and Cybex machines, bicycle storage, an attached garage for a separate fee and a full complement of round-the-clock and attentive building staff. One Gracie Terrace is a pet-friendly community.
Overlooking the East River Esplanade and two blocks from the verdant Carl Schurz Park, One Gracie Terrace is served by the Q train and the Select Bus Service along First and Second Avenues. Local gourmet dining and shopping options include Felice 83, Quatorze, Schaller’s Stube Sausage Bar, Emack and Bolio’s, Fairway, Ottomanelli’s and the 82nd Street Saturday Greenmarket.
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Prime Property | NY | Midtown West | Prewar Charm |
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Just two flights up to this oversized studio currently configured as two separate rooms in a well-maintained Hell's Kitchen brownstone. Renovated, open, windowed kitchen with new stainless steel GE refrigerator, undermount sink with granite countertop, blond wood shaker cabinetry, four-burner gas range and microwave. Three large windows with western exposure and open city views, high ceilings, exposed brick, hardwood floors, two ceiling fans and a decorative fireplace.
Prime Midtown West location between the green spaces of Central Park and the Hudson River Greenway. Gourmet dining from Michelin-starred Jean-Georges and Marea, local favorites Robert, Norma, Rosa Mexicano and Ippudo and the multitude of cuisines represented by the restaurants on Ninth Avenue are all nearby. An easy commute to the Theatre District, Lincoln Center, Carnegie Hall, Fordham University, John Jay College and Mount Sinai West and served by the 1, A, B, C, D, N, Q, R and W trains.
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Architecture and History | Kalorama | Oldest Home in DC |
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The Kalorama neighborhood of Washington, DC, is known for its elegant homes—the Obamas moved in post–White House—but even among the rarefied real estate here, there is one house that has no equal. The Berman family home is not only impressive from the outside, with its neoclassical lines and taupe-and-cream color scheme, but it also has a provenance like no other address in the entire city. The 8,000-square-foot-plus estate was originally located in Danvers, Massachusetts, and, with a build date of 1754, it is the oldest home in all of DC.
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DC | City Centre Hikes | US National Arboretum |
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Established in 1927 by an Act of Congress, the Arboretum is administered by the US Department of Agriculture’s Agricultural Research Service. The US National Arboretum enhances the economic, environmental and aesthetic value of ornamental and landscape plants through long-term, multi-disciplinary research, conservation of genetic resources and interpretative gardens and exhibits.
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NY | City Centre Hikes | The High Line |
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In 1924, the West Side Improvement project first began when the city’s Transit Commission ordered the removal of street-level crossings; this later led to a plan to remove tracks from the streets and create an elevated rail line. In 1933, the first train ran on the High Line—which was then called the “West Side Elevated Line.” The line was fully operational by 1934, transporting millions of tons of meat, dairy, and produce. The lines cut directly through some buildings, creating easy access for factories like the National Biscuit Company (aka Nabisco), which is now the home of Chelsea Market.
The High Line is now one, continuous, 1.45-mile-long greenway featuring 500+ species of plants and trees. The park is maintained, operated, and programmed by Friends of the High Line in partnership with the NYC Department of Parks & Recreation. On top of public space and gardens, the High Line is home to a diverse suite of public programs, community and teen engagement, and world-class artwork and performances, free and open to all.
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Manhattan Residential Market Report Q1 2022 |
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After a red hot 2021, many wondered if the Manhattan apartment market could sustain that momentum into 2022. The results so far are a big yes, as closings in the first quarter of 2022 were 44% higher than a year ago.
The average resale apartment price of $1.72 million was down from the prior quarter, but remained 20% higher than a year ago. Condo resale apartments posted a 27% higher average price than 1Q21, while co-op prices rose 14%. Part of these steep price increases can be attributed to the fact that 2021’s first quarter saw prices bottom due to COVID-19, before rebounding sharply the rest of 2021.
Buyers had to move quickly in 2022’s first quarter, as apartments sold 28% faster than a year ago. At an average of 102 days, time on the market was at its lowest level since the third quarter of 2018. Sellers received 98.2% of their last asking price, the highest percentage since 2017’s third quarter.
The future looks bright for our market, as contract activity has risen sharply the past few weeks to its highest level since May 2021. With a record $45 billion in Wall Street bonuses paid last year, a recovering local economy, and the expected return of foreign buyers, the Manhattan real estate market is set for another strong year in 2022.
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Brooklyn Residential Market Report Q1 2022 |
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The average Brooklyn apartment price was down slightly from the prior quarter, but 5% higher than a year ago. Condos led price increases over the past year, as their average price per square foot rose 8% to a record $1,046. The new development market was a major reason for this increase, as their average price was up 14% from 2021’s first quarter.
Sales volume remained strong, with 22% more closings reported than a year ago. Expect the number of closings to continue rising, as the number of signed contracts in 1Q22 was 5% higher than a year ago, and the most ever in the first quarter of a year.
With economic growth and hiring expected to rise sharply in New York City this year, demand for Brooklyn apartments should remain at high levels. Rising interest rates will present a challenge to the market, but we must remember they are still low by historical standards.
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Queens Residential Market Report Q1 2022 |
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Long Island City Condos. Both the average and median apartment prices posted double-digit increases compared to a year ago. The number of closings was 8% lower than 2021’s first quarter.
Astoria Apartments. The average apartment price of $594,224 was 3% higher than the first quarter of 2021. There were 33% more closings than a year ago.
Astoria 1-3 Family Houses. The average price climbed 11% over the past year to $1,330,029. Closings rose over 40% from 2021’s first quarter.
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Washington, DC, Market - March 2022 |
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Montgomery County, Maryland, Market - March 2022 |
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NY | Downtown | Rosé or Spritz? | St Tropez and Dante |
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West Village and Soho. St Tropez Wine Bar provides a cozy and festive environment to its guests; just as one would expect from the South of France’s generous culture. The refined wood on the ceiling and shelves, combined with the diffused lights and candles, contribute to a warm and vibrant atmosphere. The open kitchen concept and the massive communal table located in the heart of the restaurant set the tone for the team’s values and beliefs—sharing and caring.
Greenwich Village and West Village. Dante has been a beacon for the community of Greenwich Village since it opened its doors in 1915. Now a registered New York City landmark, this modest meeting house has always attracted people from all walks of life: famous actors, writers, and musicians, to the down-at-heel of the beatnik generation, all of whom have found solace in its relaxed and unpretentious environs. A place where a cup of espresso, a warm smile or a friendly embrace epitomized life’s simple pleasures.
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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.
Sincerely,
Andrea
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MCNE - Master Certified Negotiation Expert
CLHMS - Certified Luxury Home Marketing Specialist
Visit me on the web! NY | DC
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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Broker. Customer should consult with its counsel regarding all closing costs, including without limitation the New York State 1% tax paid by buyers on residential properties over $1 million. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent with designated agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. Broker actively supports equal housing opportunities. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. Brown Harris Stevens Residential Sales, LLC. |
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