New Yorkers and tourists await NY restaurant week: Winter 2014

•February 16, 2014 • Leave a Comment

If you live in Manhattan you already know about NY Restaurant Week. If you’re new to Manhattan or thinking about relocating to this great city, New York Restaurant Week is definitely something you want to know about! 

Every year, twice a year, New Yorkers and those visiting Manhattan get the opportunity to dine in some of the “best of the best” restaurants for a three course prix-fixe lunch at the amazing price of $25.00. Some restaurants even offer a three course prix-fixe dinner for $38.00.

2 West, ’21’ Club, A Voce – Columbus and Madison, Abboccato Ristorante, Alloro Restaurant, The Americano, Aretsky’s Patroon, Artisanal Fromagerie & Bistro, Atrio Wine Bar l Restaurant, Auden Bistro & Bar, Aureole—Bar Room, Bar Boulud, Barbetta, Benoit Restaurant & Bar, Blue Fin, Blue Water Grill, Bread & Tulips, Café Boulud, Cafe D’Alsace, Casa Nonna, Chez Josephine, Chin Chin, Circo, Craftbar, David Burke Fishtail, David Burke Kitchen, Dévi, El Toro Blanco, En Japanese Brasserie, Esca, Gabriel’s Bar & Restaurant, The General, Giorgio’s of Gramercy, Gotham Bar & Grill, Harlow, The Harrison, Hatsuhana Sushi Restaurant, Hill Country Barbecue Market, Hospoda, i Trulli Ristorante/Enoteca, Il Mulino, Indochine, JoJo, Ktchn, La Masseria, Lafayette, The Lambs Club Bar, Lavo Restaurant, Le Cirque, Le Colonial, Le Périgord, L’École, The Restaurant of The International Culinary Center, Left Bank, The Leopard at des Artistes, The Library at The Public Lido, Lupa Osteria Romana, The Marrow, Mas (la grillade), Mercer Kitchen, Michael’s Restaurant,  Monkey Bar, Morimoto / NY, The National Bar & Dining Rooms, Natsumi, Nice Matin, Nick & Stef’s Steakhouse, Norma’s, Nougatine at Jean-Georges, Ocean Grill, Olives New York, Petrossian, Red Rooster Harlem, Remi Restaurant, Resto, Sant Ambroeus – West Village, Sirio Ristorante, Smith & Wollensky, Smoke Jazz & Supper Club, Sofrito, Spice Market, T Bar Steak and Lounge, Taste Restaurant & Wine Bar, Todd English Food Hall, Vic & Anthony’s Steakhouse, Villard Michel Richard Bistro, Zengo and many more. See the complete list of restaurants here.

New York City Restaurant Week Winter 2014 to view restaurants and make reservations visit nycgo.com/restaurant week

If you’re thinking of moving to Manhattan, it’s not only a great way to try out our incredible restaurants, but it will help you relax over a sumptuous meal after browsing apartments all day to decide where you want to live. 

NYC Restaurant Week Tips:

ResearchGet recommendations from friends and search the Internet for ratings. Most of the participating restaurants are the best that New York has to offer.

Reservations should be made in advance.  DO Reserve Early – Normally, getting a reservation at these restaurants is difficult. Plan ahead. Reservations early in the week are usually easier than Thursdays or Fridays. Call to see if there were any cancellations as well.

Dress Code – When dining in New York’s best restaurants, dress your best.

Tip HigherTipping more than 20% will get you first-class service that New Yorkers expect from these top restaurants.

4thQ 2013 Manhattan Residential Sales Market Report

•January 3, 2014 • Leave a Comment

According to Greg Heym, Halstead Property’s Chief Economist:

One year ago, pending tax law changes led to a dramatic rush of high-end closings in 2012’s fourth quarter.  This included 14 sales of at least $20 million, 2 of which were at least $50 million.  This year’s fourth quarter did not see the same number of high-end closings, resulting in a lower average price.  Yet, at $1,553,599 the fourth quarter 2013 average price was just 2% lower than a year ago, while the median price was just 1% lower.

The decrease in high-end activity was specficaly prominent in co-ops, which saw their average price fall 18% over the past year.  Of the 14 sales for $20 million or more a year ago, 10 were co-ops.  This year’s fourth quarter saw no co-op sales cross that threshold, thus accounting for the average price decline.  The median co-op price, which looks at the middle of the market, was less than 1% lower than a year ago.

Helped by a strong new development market, condo prices averaged $2,160,272 in the fourth quarter.  This was a 15% improvement from 2012’s fourth quarter and a new record.  The average price for a condo in a new development also set a new record, reaching $2,885,758.

A strong local economy, booming stock market and steady foreign interest has kept demand for Manhattan apartments strong at a time when supply continues to shrink.  Despite inventory levels roughly 20% below 2012, the number of sales was actually higher this year.  Prices have been rising all year, but at a much more sustainable rate than in the last rising market.

The full version of the report can be viewed here

Modern architecture vs WWII architecture on Sutton Place

•August 24, 2013 • Leave a Comment

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One hears the name Sutton Place and they immediately think of pre-war charm, Emery Roth, and the Silk Stocking District.

Sutton Place was originally one of several disconnected stretches of Avenue A, where space allowed, east of First Avenue. Effingham B. Sutton constructed a group of brownstones in 1875 between 57th and 58th Streets, and is said to have lent the street his name, though the earliest source found by The New York Times dates back only to 1883. At that time, the New York City Board of Aldermen approved a petition to change the name from “Avenue A” to “Sutton Place”, covering the blocks between 57th and 60th Streets. The vacant block between 59th and 60th Streets is now considered a part of York Avenue.

Sutton Place first became fashionable around 1920, when several wealthy socialites, including Anne Harriman Vanderbilt and Anne Morgan, built townhouses on the eastern side of the street, overlooking the East River. Both townhouses were designed by Mott B. Schmidt, launching a career that included many houses for the wealthy. Shortly thereafter, developers started to build grand co-operative apartment houses on Sutton Place and Sutton Place South, including several designed by Rosario Candela. Development came to an abrupt halt with the Great Depression, and the luxury apartment buildings on the lower part of Sutton Place South (below 57th Street) and the northernmost part of Sutton Place (adjacent to the Queensboro Bridge now known as the Ed Koch Bridge) were not developed until the 1940s and 1950s.

Prominent residents of Sutton Place include architect I. M. Pei, former New York Governor Mario Cuomo, his son-in-law designer Kenneth Cole, and actress Sigourney Weaver. Former residents include Consuelo Vanderbilt Balsan, C.Z. Guest, Peter Lawford & Patricia Kennedy Lawford, Lillian Gish, Aristotle Onassis, Freddie Mercury, Michael Jackson, Bill Blass, Bobby Short, Percy Sutton, Joan Crawford, Richard Jenrette, Marilyn Monroe and her then husband Arthur Miller and Maureen O’Hara to name a few.

While Sutton Place is still the magical setting of the East 50’s, its landscape is changing.

The new tower at 2 Sutton Place North, like its sister 1 Sutton Place North , pretty much identical buildings, bring walls of tall, dark glass to the neighborhood.

The new tower expected to be completed in 2014 will stand 43 stories tall and rise to 450 feet. 1 Sutton Place North has 234 rental units. Detail about 2 Sutton Place North are soon emerging.

These new arrivals on Sutton Place will add much value and class to the famed Silk Stocking District.

 

NY Winter Restaurant Week Is Back! January 14th – February 8th

•January 9, 2013 • Leave a Comment

nyrestwk-winter_2013

Next Monday, January 14, NYC Winter Restaurant Week kicks off… and as always, you’ll have more than a week to sample fine dining throughout the city. Through Friday, February 8, over 300 restaurants — including 20 restaurants in East Midtown Manhattan — will be offering three course, prix fixe menus for the low cost of $25 for lunch, and $38 for dinner. You can’t beat it!

Click here to visit the NYC & Company Restaurant Week website for all the details, as well as menus and recipes from The National’s Geoffrey Zakarian.

Every winter and every summer New Yorkers and its visitors are treated to the most incredible three-course meals at the best restaurants in Manhattan for just $25.00 for lunch and $38.00 for dinner.

View these fabulous participating restaurants and make your reservations early! To learn more and to make your reservations visit http://www.nycgo.com/restaurantweek

If you’re thinking of moving to Manhattan, it’s not only a great way to try out our incredible restaurants, but it will help you relax over a sumptuous meal after looking at fabulous Manhattan coops, condos, condops or rentals all day while deciding where you want to live in this great city!

NYC Restaurant Week Tips:

Research – Get recommendations from friends and search the Internet for ratings. Most of the participating restaurants are the best that New York has to offer.

Reservations should be made in advance. DO Reserve Early – Normally, getting a reservation at these restaurants is difficult. Plan ahead. Reservations early in the week are usually easier than Thursdays or Fridays. Call to see if there were any cancellations as well.

Dress Code – When dining in New York’s best restaurants, dress your best.

Tip Higher – Tipping more than 20% will get you first-class service that New Yorkers expect from these top restaurants.

Get your palette ready for the 21 Club, 2 West, Aretsky’s Patroon, Artisanal Fromagerie, Bistro and Wine Bar, Aureole Bar Room, Bice, Blue Smoke, Ça Va Brasserie by Todd English, Cafe Bolud, Chez Josephine, Chin Chin, Cipriani Dolci, Circo, Club A Steakhouse,CraftBar, David Burke Townhouse, Fives at The Peninsula New York, Indochine, JoJo, Le Cirque, Le Perigord, L’Ecole, Michael’s, Morimoto, Mr. Chow New York, Nice Matin, Nobu, Nougatine at Jean Georges, Ocean Grill,One If By Land Two If By Sea, Orsay, The Palm Court at the Plaza, Park Avenue Winter, Petrossian, The Post House, Red Rooster Harlem, Remi, Riverpark – A Tom Colicchio Restaurant, Tao, Todd English Food Hall — and many, many more!

4Q 2012 Manhattan Residential Sales Market Report

•January 3, 2013 • Leave a Comment

In the fourth quarter, the number of high-end sales jumped … fueled in large part by pending tax law changes. Sales over $5 million were up 33% from the fourth quarter of 2011, and sales over $10 million climbed 44%. Overall, there were 2,297 closings reported at the time of Halstead Property’s report, 40% more than a year ago. Prices were also higher, as the average price rose 7% during this time to $1,486,692, while the median rose 6% to $836,000.

Co-ops were the biggest beneficiary of the pickup in luxury sales, which included a record setting $54 million co-op sale on the East Side. The average co-op price of $1,285,426 was 12% higher than during 2011’s fourth quarter. While three-bedroom and larger co-ops posted the biggest increase in average price (+34%), all other size categories also saw their average price increase from a year ago.

The average condo price of $1,806,329 was down slightly from the fourth quarter of 2011. While the average price fell 6% during this time for three-bedroom and larger condos, it did rise for all other size categories from a year ago.

As we expected, the pending expiration of the Bush tax cuts, combined with a new 3.8% surtax on investment income for high income sellers led to a surge in high-end closings in the fourth quarter. The local economy has remained strong, which along with record low interest rates has kept demand very strong. At the same time, the supply of available apartments in Manhattan has fallen 30% compared to last year. These factors will further enhance the strength of the local real estate market as we head into 2013.

The full version of the report is available on the Halstead website at the link below:

http://media.halstead.com/pdf/Halstead_QuarterlyReport_4Q12.pdf

Tweet me at www.twitter.com/NY_RealEState

 

Historic Brill Building: soon to hit market

•November 18, 2012 • Leave a Comment

If you’ve lived in New York City for a decent period of time or you’re a musician who has yearned to get his/her music published, you’ve heard of the Brill Building! It’s a part of New York’s music and entertainment history.

Built in 1931, the Brill Building is an 11-story office building located at 1619 Broadway at the corner of 49th Street, just north of Times Square and further uptown from the historic musical Tin Pan Alley neighborhood. Famous for housing music industry offices and studios where some of the most popular American music tunes were written, the building has been described as “the most important generator of popular songs in the Western world.”

The “Brill Building Sound” is synonymous with artists such as Benny Goodman, Don Kirshner, Paul Simon, Burt Bachrach and Hal David, Neil Diamond, The Shirelles, Frankie Valli, Marvin Hamlisch, Carole King and many other noted musicians.

Carole King described the atmosphere at the ‘Brill Building’ publishing houses of the period: “Every day we squeezed into our respective cubby holes with just enough room for a piano, a bench, and maybe a chair for the lyricist if you were lucky. You’d sit there and write and you could hear someone in the next cubby hole composing a song exactly like yours. The pressure in the Brill Building was really terrific — because Donny (Kirshner) would play one songwriter against another. He’d say: ‘We need a new smash hit’ — and we’d all go back and write a song and the next day we’d each audition for Bobby Vee’s producer.” — quoted in The Sociology of Rock by Simon Frith (1978, ISBN 0-09-460220-4).

Now according to The Real Deal, Invesco a Dallas-based real estate giant is preparing to bring the historic Brill Building to market.

The international investment management firm’s real estate arm will likely put the Brill Building on the market early next year, sources said. The last time this historic building traded hands was n 2007, when Invesco and Ofer Yardeni’s Stonehenge Partners purchased it for $151 million from Murray Hill Properties and Westbrook Partners.

Murray Hill and Westbrook had previously bought it for $89.1 million from AVR Partners.

The Brill Building is named after one of its first tenants – the Brill brothers – whose clothing store occupied the ground-floor retail when it first opened. But those hallways just sing with musical history!

JOIN Halstead’s ROSS ELLIS TO HELP STOMP OUT BULLYING

•October 19, 2012 • Leave a Comment

When Halstead Property’s own Ross Ellis (pictured to the right of Nick Cannon above) is not busy helping adults find homes as an agent at our East Side Office, she donates her time to help children as the founder and CEO of STOMP Out Bullying™. STOMP Out is the leading national anti-bullying and cyberbullying program for kids and teens created in 2005. The primary mission of STOMP Out Bullying™ is to focus on reducing and preventing bullying, cyberbullying, and other digital abuse, educating against homophobia, racism and hatred, decreasing school absenteeism, and deterring violence in schools, online and in communities across the country.

Ross considers herself very lucky as she is passionate about helping kids and selling real estate and now gets to do both in her daily life.

“I do sometimes feels like a juggler, but I wouldn’t have it any other way. My days consist of selling homes, appearing in TV or in other media interviews, speaking at schools and to parenting groups, creating stronger partnerships to help kids, just amazing,” explains Ellis.

Time is not the only thing she gives however. She also amazingly donates a portion of each real estate commissions to the charity. We wonder how Ross finds the time to do it but she says knowing she’s helped kids and making someone’s dream come true because she sold them their dream home keeps her going! We salute you, Ross, keep up the great work!

To find out how you can get involved, network with Ross on twitter here.

Learn more about STOMP Out in this latest Boston.com Article.

 
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