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The Minute NY | DC:
New York & Washington on Your Doorstep |
| Andrea Saturno-Sanjana |
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| Capital to Capital. A Higher Standard. Bespoke Service. |
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 | On the Horizon | The Greenpoint, 21 India Street, Brooklyn
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The Greenpoint, a collection of contemporary condominium residences on the Brooklyn waterfront, is a starting point and an endpoint--a gateway to Manhattan and a destination in itself. A modernist monument rising 40 stories in glass, steel and brick, The Greenpoint offers 95 studio, one-, two- and three-bedroom residences with unparalleled views of the East River, Manhattan, Brooklyn and beyond.
The Greenpoint brings a new way of living to the neighborhood with thoughtfully designed condominium residences with spectacular views and an amenity-rich lifestyle. With the ferry stop directly next door, this location offers convenient and direct access to lower and midtown Manhattan, Williamsburg, Long Island City and more.
The famously cozy neighborhood draws crowds from all over; longtime favorites and specialty shops blend with a variety of new restaurants, bars, studios, boutiques and galleries. Greenpoint, named by early settlers for its verdant landscape, continues to hold bragging rights for its wealth of green space and parks. The current renaissance of art, culture and commerce is making Greenpoint a new destination and an exciting, enriching place to live.
Sales begin this summer....
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| Prime Property | NY | Two on the Aisle | Fully Furnished in Midtown |
Two fully furnished one bedrooms in the heart of it all available for short- or long-term lease!
Open-plan living and dining area with contemporary kitchens, including microwave and dishwasher. Updated bathroom with shower and tub. Ample closet space. Utilities package for a monthly fee. Professional cleaning service available for a fee.
Building features concierge, health club, rooftop deck and laundry room. Near Central Park, MoMA, Theatre District and 1, B, D, E, F, M, N, Q, R, W trains.
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DC | Inspiring Public Parks
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Pierre L'Enfant, Washington, DC's first urban planner, designed "The Federal City" to be beautified by public gardens, and so it is today. You will find scenic landscaping around the National Mall and the federal buildings in Washington, DC, along with dozens of gardens and parks within the nation's capital. Here is a list of 12 of DC's delightful gardens--some public and others private--but all worth a visit. (Washington, DC)
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NY | New York City's Best Beaches
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A visit to one of the beaches near NYC is one of the best things to do in summer as well as a great way to cool off when temperatures become sticky. The best part: They're also free! Weekend getaways are just a quick subway-, ferry- or bus-ride away at these sandy spots. Or, if you'd like to go farther out, see our list of off-the-beaten-track beaches, all an hour away or less. The city-run beaches are open for swimming from Memorial Day weekend through the week after Labor Day.
(Time Out
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Washington Market Summary for May 2017
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Manhattan Residential Sales Market Report May 2017
May was an improved month for condo and co-op sales in Manhattan, as contracts signed of both reached their second highest point in the last year. Inventory remained virtually unchanged versus last year, with just a 1% rise overall. Every price metric for both condos and co-ops saw annual increases with some significant gains. Listings spent more time on the market for both the condos and co-ops, as days on market rose by 10% and 28%, respectively. Negotiability was still present market-wide as the average sale was made slightly below ask.
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Citi Habitats
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Brooklyn Residential Sales Market Report May 2017
During May, the Brooklyn market experienced a 27% increase in overall contract activity versus last year. The average sale price, the median price and the average price per square foot was nearly level with last year. The average sale price was 0.5% below the average asking price, a slight shift from a year ago when the average home sold with no discount. New listed apartment inventory saw a 29% increase from May 2016. The days on market figure of 47, 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 May 2017
In May 2017, the average monthly rental price for a Manhattan studio was $2,412. For one-bedroom homes, the average was $3,155. For two-bedrooms, the average rent was $4,122. Finally, the average three-bedroom apartment rented for $5,388.
Average rents in Brooklyn increased for all apartment categories when compared to the month prior. Studio apartments in the borough (in the 14 neighborhoods studied) rented for $2,277 per month on average. For Brooklyn one-bedrooms, the average rent was $2,868, while rents for two- and three-bedrooms clocked in at $3,762 and $5,140, respectively.
In May, the borough-wide vacancy rate fell to 1.58%--from April's rate of 1.78%. Last May, the Manhattan vacancy rate was 1.81%. In fact, the last time there was this much inventory on the market was during August 2015, when 1.40% of units were vacant.
When examining concessions, 22% 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 May--down slightly from 28%
in April. Looking year-over-year however, their prevalence increased. In May 2016, 17% of leases offered an incentive.
"We remain in a price-sensitive rental market where incentives remain in play," explained Gary Malin, President of Citi Habitats. "However, as is typical for the season, demand for apartments is increasing as we enter summer. Landlords know that if ever there was a time to test the waters, it's now.
But they need to tread carefully when removing concessions and raising rents. The secret is to master that balancing act that keeps tenant traffic up, but still increases their bottom line."
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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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