Archive for the ‘Homepage’ Category

Manhattan Micromarkets Bounce Back

Posted by ricardo on 8/28/2011 | |

A recent article in the New York Times, “In New York, a Sprinkling of Higher Prices,” discussed how certain pockets and buildings within Manhattan and Brooklyn are experienced a rebound past pre-recession prices. While this certainly isn’t occurring in the far reaches of Manhattan, if an apartment or a building has that something special – great views (like those of Central Park), prime neighborhoods, or large units that are in move-in condition – these apartments are in high demand and pricing has moved past the lows.

While the article mentions particular buildings that have fared well, we have seen the same thing with 15 CPW, Park Laurel, Superior Ink, Harrison, and Park Millennium, just to name a few. 15 CPW continues to break record pricing and was untouched by the recession. Prices actually rose here in the midst of all the turmoil. It’s neighbor, Park Laurel, is also benefiting from the success of 15 CPW and its location, as many foreign buyers looking for condos facing Central Park see an investment there as a bargain compared to its neighbor 15 CPW. For you next real estate purchase, remember to chose a property with those special characteristics that will insulate you from any downturn.

To read the full article click here.

M | M visits trump soho

Posted by ricardo on 8/28/2011 | |

While we have been to the gorgeous Trump SoHo in New York a number of times since its launch, we were recently invited for a private showing of the Trump SoHo Penthouses.

To give you some background, the Trump Soho Hotel rises 46 stories and features 391 elegantly appointed rooms and suites, panoramic views, custom-designed furnishings by Italy’s Fendi Casa, gorgeous finishes throughout, tons of amenities (including a pool and 11,000 sq. ft. Spa with Turkish hamaan), lots of meeting spaces, restaurants, and bars. Owners have the opportunity for potential rental income and may occupy their suites for no more than 120 days per year and 29 days in any 36 day period. You can buy in the name of a corporation, so there are lots of tax benefits for an investor who wants to use the property for business or who wants to put it in the pool of rentals. After a price reduction, studios start at $1,028,000 and 1 bedrooms start at $1,528,000.

As for the Penthouses, these are located on the top floors of Trump’s 46-story SoHo hotel. These duplex two-bedroom penthouse suites command expansive city views from their floor-to-ceiling windows. The units have spacious open floor plans and a kitchenette that includes a Sub Zero wine cooler and refrigerator, that make the suites perfect for entertaining or hosting small business gatherings.

Penthouses provide a lot of living area between the bedrooms for guests’ privacy. Marble bathrooms, some with floating soaking tubs, add to the luxurious environment. These luxury penthouse suites at Trump Soho eally will impress even the most discerning traveler. Prices for the smallest penthouse (2,022 sq. ft.) start at $6.5 million.

For more info and to request current availability click here.