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Luxuryletter January 2013

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Luxuryletter January 2013 LUXURYLETTER JANUARY 2013 ARTIST’S RENDERING 150 CHARLES STREET ( ) This advertisement is not an offering. It is a solicitation of interest in the advertised property. No offering of the advertised units can be made and no deposits can be accepted, or reservations, biding or non-binding, can be made until an offering plan is filed with the New York State Department of Law. Sponsor: 150 Charles Street Holdings, LLC, 130 East 59th Street, 15th Floor, New York, NY 10022. This advertisement is made pursuant to Cooperative Policy Statement No.1, issued by the New York State Department of Law. File No CP12-0023. 2013: THE YEAR OF NEW CONSTRUCTION As 2012 draws to a close with a shortage of inventory of high quality apartments, especially Downtown, 2013 promises to be THE YEAR OF NEW CONSTRUCTION in the Manhattan real estate market. A flurry of new buildings are heading our way, including the highly anticipated, once-in-a-lifetime West Village building, 150 Charles Street. This remarkable building designed by Cook + Fox with interior architecture by Allan Wanzenberg will house 91 units with an unprecedented variation of floor plans and styles of apartments, including many with private terraces, offering the ultimate Village experience with a comprehensive list of amenities including a 75-foot swimming pool and a parking garage. With over 40,000sf of landscaped terraces, delivered fully planted, this building delivers a checklist of ‘buyer dreams’ that will indeed make it a collector item in the West Village. 150 Charles Street’s proximity to the Hudson River Park and the Greenwich Village community of tree-lined cobbled streets, quaint restaurants and exclusive boutiques makes it the most desirable building in decades. Other highly anticipated buildings coming in 2013 include 56 Leonard Street, the resurrected One Madison Park and the penthouses of The Puck Building in Soho. It will certainly be an exciting year, with many interesting new additions to the Manhattan skyline. LEONARD STEINBERG JANUARY 2013 SELECTION 497 GREENWICH STREET SOHO 372 FIFTH AVENUE MIDTOWN NEW! The best of modernism: At the crossroads of NEW! One bedroom with sleeping loft in a 24-hr Soho, The Village and Tribeca, this ultra-wide, sleek doorman building, directly on Fifth Avenue moments condo affords over 2,600sf of living space with 2 from the SETAI, Morgan Library, Grand Central balconies in a full service building with a swimming pool Station, the Garment Center and so much more. Roof moments from the Hudson River Park. deck. Pied-a-terre allowed $499K $ 4.25m 85 LEONARD STREET TRIBECA 115 FOURTH AVE GREENWICH VILLAGE NEW! A private floor 2 bedroom + study condo. loft on Rarely available this 2 bedroom, 2 bath corner loft at a prize street in Tribeca. Grand proportions feature The Petersfield Condominium offers outstanding throughout this MINT Southern lit home. A fireplace, exposures, 11’ ceiling, Chef kitchen and more. Minutes dreamy Master Suite and the ultimate luxury: a huge, from Union Square. Full time doorman, roof deck. 750sf+ storage room in the basement. $2.95m Available for Rent 1/1/2012. Asking: $7,750/month For more information on any of these properties, or to schedule appointments, please call: (212)727-6162 JANUARY 2013 SELECTION 205 EAST 63rd STREET UPPER EAST SIDE 205 EAST 63rd STREET UPPER EAST SIDE BEST PRICED THREE BEDROOM! This south-facing, This perfectly proportioned high floor studio sunny apartment is an incredible find: This superbly apartment features a gracious entry foyer with a located high-floor, south facing 3 bedroom Upper East charming, quiet sleeping alcove, a large living area Side apartment boasts superb light all day long, with a and an abundance of closets. Unit can be combined gracious layout and wonderful, generously proportioned with 8B. $375k rooms. $999k 40 BOND STREET NOHO 57 EAST 75th STREET UPPER EAST SIDE In Noho’s most prestigious building and block, this rare Prime location! Charming, tri-level apartment, Wood- duplex townhouse features a beautiful private garden, a burning fireplace in the cozy first-level living-room, large eat-in kitchen, 3 full bedroom suites and a large, renovated kitchen and dining area just a few dramatic double-height living room featuring a Herzog steps up. On the upper level is a large sunny bedroom De Meuron designed architectural stairway. $6.25m with walk-in closet + Juliet balcony. $699k For more information on any of these properties, or to schedule appointments, please call: (212)727-6162 JANUARY 2013 SELECTION 270 BROADWAY TRIBECA 270 BROADWAY TRIBECA Extraordinary, five bedroom suite Steven Harris- This duplex (brand new, never-lived-in) penthouse designed penthouse in an A-grade full service building features a supreme quality renovation with three with panoramic, wraparound protected views and bedroom suites and an amazing rooftop terrace with incredible light in every room. No expense spared magical protected southern views towards the Gehry renovation, with two magnificent terraces and every Tower and the Woolworth building: dreamy light conceivable luxury and amenity. $12.5m streams in through 22 windows all day long. $6m 92 LAIGHT STREET TRIBECA 173 PERRY STREET WEST VILLAGE 2.63 Located in the best Tribeca riverfront full service Located directly on the Hudson River Park in a Richard condominium, this large real 3 bedroom home boasts Meier designed contemporary masterpiece, this full superb views in four directions. Superb proportions floor 2 bedroom, 2.5 bathroom showstopper with a and finishes feature throughout, with a grand master balcony basks in light all day with protected views in a suite and exceptional entertaining space. $6.95m premium full service building. $4.495m For more information on any of these properties, or to schedule appointments call: (212)727-6162 422 WEST 20th STREET – NEW RENTAL! WEST CHELSEA 285 LAFAYETTE STREET - RENTAL SOHO NEW! Located in a brand new building on the exquisite NEW! Unlike anything anywhere, this grandly scaled Seminary block of West Chelsea, this efficiently laid 3,200sf+ one-bedroom loft in an A-grade full service out, gorgeous, never-lived-in 2 bedroom, 1 bathroom doorman condominium features dramatically scaled apartment overlooks the magical Seminary gardens entertaining space, a massive kitchen and a bedroom across the street. Hurry! $4,750/month with a brand new en suite bathroom. $25k/month 144 DUANE STREET TRIBECA Built in 1862, and recently gut renovated to the highest standards, this exceptional limestone LOFT MANSION located in the heart of Tribeca is a one-of-a-kind masterpiece. With 30,000 sq. ft. of usable interior space, this is one of the largest and most beautiful properties to ever become available downtown. Built 41ft x 109ft with six floors above grade and two floors below grade, this property has been completely renovated both structurally and cosmetically to retain the structure's original character. The grand proportions of this building, with ceiling heights ranging from 12-17 feet, huge windows and multiple skylights bathe all areas with superb light. Brand new mechanical systems and an elevator are in place, as well as top-of-the-line appliances, fixtures and hardware. The building features an owner's penthouse (approx. 11,000 sq. ft. of living space) on the 4th, 5th and 6th floors with an extraordinary, fully landscaped roof deck and terrace (2,775 sq. ft.). This Penthouse also comes with a private gym and half basketball court in the basement (2,650 sq. ft). The property generates substantial rental income from two floors of meticulously renovated rental units (2nd and 3rd floor, 4000 sq. ft. each) that if desired can be delivered vacant, and a high end showroom on the ground/retail floor with a half basement (7,750 sq. ft.). Offered at $49.5million For more information on any of these properties, please call: (212) 727-6162 WEST CHELSEA – ON THE HIGHLINE PARK 245 TENTH AVENUE – LAST REMAINING UNIT! Perched directly alongside The Highline Park, this last remaining unit in this brand new West Chelsea stainless steel clad modernist landmark has the largest private terrace. With one bedroom and two bathrooms with an enormous kitchen, this showstopper sits in the heart of the Chelsea Art’s District, minutes from the new Whitney Museum and AVENUE’s school. $1.75million 306 MOTT STREET – PENTHOUSE – NOHO/SOHO At the crossroads of Soho, Noho and the East Village, perched above its neighbors, this unusually unique 5 bedroom triplex is like a townhouse in the sky, surrounded by windows that engulf the space with light and views over the surrounding skyline. With beautifully renovated bathrooms and a gourmet kitchen, fastidiously outfitted with wood cabinetry, stone counters, a WOLF range, Sub Zero fridge and other Miele appliances, this home also boasts a rooftop terrace with gorgeous views including the Empire State building. Within moments of Whole Foods, several subway lines, all shopping, restaurants and amenities. The boutique condominium building features a part time doorman. $4.5million JANUARY 2013 REPORT MINILUXE – VOLUME UP, PRICING STABLE Although smaller, luxury is not compromised, priced between $1million and $2million. # of properties sold: 190 SIGNED AND CLOSED (UP COMPARED TO PREVIOUS MONTH) Average price: $1,486m ($1,221/sf EVEN compared to previous report) Average Size: 1,221sf (DOWN compared to previous report) OUR ANALYSIS: * Pricing remains even above $ 1,200/sf. * Sales volume rises nicely. Pricing remains stable. Inventory remains low. MIDILUXE –VOLUME UP SHARPLY, PRICING SLIPS Mid-sized luxury properties, priced between $2million and $4million # of properties sold: 110 SIGNED AND CLOSED (UP notably compared to previous month) Average price: $2,779m ($1,391/sf) (DOWN compared to previous month) Average Size: 1,999sf (UP compared to previous month) OUR ANALYSIS: * Pricing slips again after previous months' decline. Volume recovers after weaker Sandy- related November.
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