NYC Indoor Dining To Reopen Two Days Early On Friday

Indoor dining will reopen in New York City at 25 percent capacity this week two days earlier than originally planned. Gov. Andrew Cuomo on Monday announced restaurants can start serving customers inside on Friday instead of Valentine’s Day on Sunday. The governor pointed to a one-month decline in positivity rates of the coronavirus statewide, declaring the “post-holiday surge” over.

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“They’d [restaurants] like to open a couple of days earlier so they can be ready for Valentine’s Day, get the staff oriented, get supplies into the restaurants,” Cuomo said during a press briefing on Monday. “That’s a reasonable request.”

According to the governor, the percentage of positive COVID-19 cases over a seven-day average citywide dropped from 7.94 percent on January 4 to 4.42 percent on February 7.   As the number of new COVID-19 cases and new hospitalizations continue to decline, Cuomo last month lifted all restrictions in the state’s orange zones and some yellow zones.

In New York City, yellow zones remain in place in eastern and western parts of the Bronx, Washington Heights, and in Kew Gardens/Forest Hills in Queens. This designation means the area has experienced a seven-day rolling average of a 3 percent positivity rate over the past 10 days.

“I think at this point it’s safe to say the holiday surge was anticipated, the holiday surge did happen, but the holiday surge is over,” Cuomo said last month.

Indoor dining, which resumed at 25 percent capacity on September 30 after six months of closure, shut down again on December 14 after the rate of hospitalizations failed to stabilize. Restaurants in nearly every region in New York except the five boroughs and those in designated “zones” have been allowed to serve diners indoors at 50 percent capacity. Industry advocates have questioned Cuomo’s decision to close New York City restaurants and not in other places.

Bars and restaurants have been hit tremendously hard by the pandemic and related closures. According to the New York State Department of Labor, more than 140,700 city bar and restaurant jobs have been lost over the last year. Just between the months of November and December 2020, the industry lost 11,700 jobs.

“We commend Governor Cuomo for permitting indoor dining to resume in New York City on Friday, instead of Sunday the originally scheduled date,” Andrew Rigie, executive director of the NYC Hospitality Alliance said, in a statement. “This will allow restaurants to generate much needed revenue from the Valentine’s Day weekend business, much of which they would have lost because the holiday falls on a Sunday this year.”

State rules for indoor dining require that temperature checks at the door for all customers, one member of each party will be required to provide contact information for tracing if needed, tables must be set up six feet apart, and face coverings will be required for all diners when not seated at a table.

250 West 90th Street, Unit 17B


250 West 90th Street, Unit 17B

UPPER WEST SIDE, MANHATTAN

$830,000

1 Bed  |  1 Bath | Condo


Wide-plank hardwood floors and tall ceilings invite you into this spacious 17th-floor one-bedroom with open-sky northern views. Custom built-ins and closets throughout the unit make sure storage is never an issue.

The kitchen has a breakfast bar and pass-through to the bright and spacious living room which can easily accommodate a designated area for dining. A terracotta marble-tiled bathroom finishes off this must-see property.

Welcome to the New West, a postwar, pet-friendly condominium where residents enjoy a 24-hour doorman and concierge service; a fitness center with a pool, sauna and spa; resident lounge; playroom; laundry on each floor; and a magnificent rooftop deck. Subletting, pieds-à-terre and 90 percent financing permitted. Located at the corner of 90th and Broadway, this home is at the epicenter of desirable Upper West Side living with amazing shopping, dining and nightlife in every direction. Central Park and Riverside Park provide world-class outdoor space, and 1/2/3 and B/C trains, excellent bus service and CitiBikes put the rest of the city within easy reach.

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The Monthly Update - February 2021

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Happy New Year to All of Us!

We don’t know what 2021 has in store yet but based on the responsiveness of the last quarter in 2020, things seem to be on the up and up! 

The real estate market finished with 32 percent more signed contracts year-over-year*.  It's both startling and welcome news! Just when things were supposed to be winding down at the end of the year, the market was actually heating up.  It's been extremely busy and buyers have been incredibly active. We're looking forward to carrying that momentum right through Q1 2021. 

So, what's pushing buyers into the market? Softer prices, low interest rates and increased inventory.  Prices are still anywhere from 5 to 15 percent under pre-COVID levels, and there's usually some room for negotiation under that (Unless they are priced competitively to begin with…then we are actually still seeing bidding wars...I’ve been involved in two this week alone!). 

For the last five years or so, we've been seeing a declining market and lower property values. The oversupply of luxury condos that filled the headlines years ago caused a trickle-down effect for the rest of the market. Interest rates in some cases are even lower than they were before COVID. And they were already extremely low then! Add in a bountiful supply of listings, and buyers are acting like kids in a candy store — picking and choosing what they want and buying at prices that they dictate (in most cases). And we haven't even hit the spring market yet!  That's when we typically see the biggest increase in inventory.  

The stock market is hovering over 30,000 and breaking records every other day. Interest rates are likely to remain low for the rest of 2021, and the rest of the nation is seeing a windfall in their respective real estate markets. That means Manhattan and Brooklyn should see the same record pace in transactions and properties sold well into 2021. 

And who is leading the charge? The luxury sector, if you can believe it! After five years of a down market, buyers are purchasing luxury property (units priced at $4 million and above) and transacting in record numbers. The luxury market segment broke weekly records for contract signs several times over the past four months. While developers may have over-built the luxury sector between 2015 and 2019, buyers are snatching up those properties, sometimes at a discount as high as 25 percent. But as these buyers continue to push that market forward, developers and sellers are starting to pull back and be less negotiable.

*as per urbandig.com


Local Events

'To Go' Restaurant Week 2021

Through Feb. 7

NYC Restaurant Week is back, with a focus on takeout and delivery options across all 5 boroughs. Each participating eatery will offer an entrée with at least one side dish for lunch or dinner at $20.21 a meal to commemorate the new year. 

Get the full list of participating restaurants and more information here!

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Children's Open Book Discussion [Zoom]

Thurs. Feb. 25, 4PM

Join the librarians at the Columbus library for our kids book discussion. Kids ages 3-12 (accompanied by a caregiver) will be able to share their thoughts about the characters they meet and exciting plots they've explored. 

Click here for more information!


News & Lifestyle Tips

Your Q4 2020 Manhattan & Brooklyn Market Reports are here!

As we continue to experience these unprecedented times, we are here to provide valuable insights into the real estate market so you can stay educated and informed.

We are pleased to share Compass' Q4 2020 Manhattan & Brooklyn Market Reports, highlighting the prevailing trends shaping these markets. 

Have questions about how Q4 2020 wrapped up, market forecasts, or anything else real estate? We’d love to connect! Don't hesitate to reach out.

HoffmanTeam@compass.com

 

 

11 Common Kitchen Design Mistakes

As kitchens become more integrated into our homes and our daily routines, your cook space should reflect your personal style, whether you prefer all-white kitchens, kitchens with color, modern kitchens, or even a small kitchen. Veranda asked designers and architects from around the country to share the biggest kitchen design mistakes to avoid. 

Courtesy of Veranda

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HGTV's Take on The Biggest Home Design Trends for 2021

After a year that guided many of us to spend more time at home, the new year is an opportunity to bring comfort and creativity to our living spaces. From calming Zen room ideas to stylish (and smart) approaches to home office design, HGTV is predicting 15 of the biggest interior design trends for 2021.

Courtesy of HGTV

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2021 Color of The Year

Pantone is the latest to reveal its prediction for the 2021 color of the year. See which shades you can expect to see in the coming year from some of the biggest names in paint. See the top shades on Better Homes & Garden's radar so far.
Courtesy of Better Homes & Gardens

 
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MTA Unveils Digital Memorial Honoring The 100+ MTA Workers Lost To COVID-19

Photos courtesy of Marc A. Hermann/ MTA

The Metropolitan Transportation Authority on Monday unveiled a memorial dedicated to the 136 employees who have died from the coronavirus since March. The tribute, named “Travels Far: A Memorial Honoring Our Colleagues Lost to COVID-19” after a poem by Tracy K. Smith commissioned for the project, includes an eight-minute video featuring photographs of the frontline MTA workers who lost their lives to the virus. The video will run on 138 three-panel digital screens at 107 subway stations across the city starting Monday.

“The pandemic has marked an unimaginably challenging and painful time at New York City Transit,” Sarah Feinberg, interim president of New York City Transit, said in a press release.

“Today marks the next step in our ongoing efforts to honor the colleagues, friends and family members who were taken from us too soon. These men and women were the heroes of the transit system – conductors, bus and train operators, cleaners – but they were also mothers, fathers, sisters, brothers, sons and daughters. We think of them daily and we continue to mourn them with their friends and families.”

Designed by MTA Arts & Design, the tribute will feature the “Travels Far” poem in multiple languages as well as an original score by the same name from composer Christopher Thompson. Starting Monday and running through February 7, the video will play twice consecutively three times per day at 10:30 a.m., 2:30 p.m., and 8:30 p.m.

There is also a new website dedicated to the COVID-19 memorial that features the video and photographs of the MTA employees. You can find the full list of NYC subway stations displaying the memorial here.

“TRAVELS FAR, with its poignant title and thoughtful words by Tracy K. Smith, helps us remember these courageous members of the MTA family in a way that pays tribute and honors them and their workplace contributions,” Sandra Bloodworth, director of MTA Arts and Design, said.

“Surrounded by a spectrum of colors, the portraits in black and white allow us a glimpse into unique personalities known to their families and colleagues. This memorial shows that art can be a powerful messenger, conveying loss and honoring the memory of our colleagues.”

The poem “TRAVELS FAR” by Tracy K. Smith reads as follows:
What you gave—
brief tokens of regard,
soft words uttered
barely heard,
the smile glimpsed
from a passing car.

Through stations
and years, through
the veined chambers
of a stranger’s heart—
what you gave
travels far.

313 West 118th Street, Unit PHG


313 West 118th Street, Unit PHG

HARLEM, MANHATTAN

Asking: $2,750,000

3 Bed  |  2.5 Bath | Condo


This elegant three-bedroom, two-and-a-half-bathroom penthouse duplex delivers outstanding indoor-outdoor living with a sprawling private terrace and sun-filled interiors in an amenity-rich South Harlem condominium.

Hardwood floors, tall ceilings, and unbelievable natural light greet you the moment you enter this impressive 2,250-square-foot home. On the upper level, the vast great room features a row of windows along the northern exposure while double French doors open to a breathtaking south-facing private terrace. Outside, handsome built-in seating areas and lush landscaping surround a well-equipped, high-end summer kitchen featuring a built-in gas grill by Fire Magic and True refrigerator drawers. These upscale appliances make this an exceptional outdoor entertaining space unlike any other in the building.

Inside, the huge open kitchen boasts rows of custom cabinetry, granite countertops, and stainless steel appliances, including a vented gas range and dishwasher. Enjoy casual meals at the wide breakfast bar while the adjacent living room provides a flexible footprint for lavish dining and seating areas. A convenient powder room and three closets complete this level.

Downstairs, in the owner's suite, you'll find tall beamed ceilings, a walk-in closet, motorized blackout shades, and an en suite bathroom with a large tub/shower and double vanity. Two more bright bedrooms offer easy access to the guest bathroom and plenty of space for a well-appointed home office. Extra storage space and a laundry closet with a washer and vented dryer add incredible convenience. Andersen French doors and windows throughout the home contain low-emissive glass, providing year-round comfort and substantial energy savings. New heat/air conditioning units with thermostats have Global Plasma Solutions air quality devices that reduce viruses, mold and bacteria.

313 West 118th Street is a stunning condominium building with a gorgeous brownstone façade, attended lobby with video intercom entry, a fitness center overlooking the indoor children's playroom, courtyard garden, laundry facilities, and onsite parking. Low monthly common charges and tax abatement in effect until 2030.

Located on a tree-lined street in residential South Harlem, this home is surrounded by breathtaking architecture and Harlem's renowned dining and nightlife. Morningside Park, Marcus Garvey Park, and Central Park fill the neighborhood with hundreds of acres of outdoor space, and 2/3, B and C trains, excellent bus service, and CitiBike stations put the rest of the city within easy reach.

$51B Plan To Redevelop Midtown West And Replace The Port Authority

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Gov. Andrew Cuomo on Thursday unveiled an ambitious plan to transform over 100 acres of Midtown West as part of a new “transit-oriented” development. The $51 billion proposal adds a new train hall south of Penn Station, replaces the Port Authority Bus Terminal, extends the High Line, and adds up to 1,400 units of new affordable housing. The project is one part of the governor’s proposed $306 billion infrastructure plan, introduced on Thursday during his fourth 2021 State of the State address.

“Now we will expand our vision with a new Manhattan Midtown West development project to create a new West Side transit hub, and build upon it with new residential, commercial and public works projects that will combine to form a new, vibrant, exciting district extending over 140 acres,” Cuomo said. “Now 140 acres may not sound like much in Upstate New York, but in Manhattan it is massive.”

Parts of the Midtown West redevelopment project is already complete, including the new Moynihan Train Hall, which opened at the historic Farley Building this month, and a new Long Island Rail Road entrance at 33rd and 7th Avenue. At the center of the project is Penn Station, which Cuomo described on Thursday as a “cluster of catacombs.”

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Designed to handle 250,000 commuters per day but saw 650,000 in 2019, the transit hub is one of the nation’s busiest. To add transit capacity and commuter comfort, Cuomo wants to create the Empire Station Complex, which would link an upgraded Penn Station, the Moynihan Train Hall, and a new terminal, dubbed Penn South, that will be built one block south of the existing site. The plan, first introduced by the governor in 2016, would add eight new tracks and increase train capacity by 40 percent at the station.

The Empire Station Complex plan includes acquiring a stretch of property south of Penn Station, currently owned partly by Amtrak and the Archdiocese of New York. The new hub requires full funding for the Gateway Project, which includes the construction of two new Hudson River rail tunnels and the renovation of two existing tunnels. While President Donald Trump never agreed to split the bill for the project, Cuomo said President-elect Joe Biden will be a “champion of national infrastructure investment.”

Plans to renovate, replace, or relocate the Port Authority Bus Terminal have been on the table for a long time. In May 2019, the agency released three options to fix the troubled building, which included either rebuilding the terminal while buses used the existing terminal, using the lower level of the Javits Center, or just renovating the existing terminal instead of rebuilding from the ground up. No additional details were provided by the governor except that the bus terminal will be replaced with a new “state-of-the-art facility.”

“We will completely redevelop the terminal, adding space for commercial development, dramatically improving the commuting experience, removing bus traffic and pollution from the surrounding community,” Cuomo said during Thursday’s address.

The $51 billion project also includes a residential component, in addition to retail and commercial space. According to Cuomo, the plan could create up to 1,400 units at “14 building sites available” in an area stretching from Broadway to the Hudson.

And earlier this week, the governor announced plans to extend the High Line from its current 10th Avenue terminus with a new L-shaped elevated walkway that will connect to the public plaza at Manhattan West, a mixed-use development from Brookfield Property Group. The extended elevated park would end on 9th Avenue, across from the entrance to the new Moynihan Train Hall.

Cuomo also wants to extend the High Line from 34th Street and 12th Avenue past the Javits Center and cross the West End Highway, ending at Pier 76 at Hudson River Park, currently a tow pound run by the NYPD. In his 2020 State of the State address, Cuomo unveiled plans to redevelop the site, which will be vacated by the end of the month, as a 5.6-acre public park

“Connecting the High Line to Hudson River Park is something we have explored since our earliest days as an organization,” Robert Hammond, co-founder and executive director of the High Line, said in a statement.

“Our communities and neighborhood groups have expressed overwhelming support for this connection, which would give people the ability to walk from Penn Station to Hudson River Park and only have to cross one street. The plan would not only improve public safety and mobility in the area, but also serve as way for New Yorkers to better access all of the incredible offerings in the district.”

Other major infrastructure projects include continuing the redevelopment of LaGuardia and John F. Kennedy International Airports, completing phase two of the Second Avenue Subway extension, developing the UBS Arena at Belmont Park, and much more.

Run From NYC To Canada, 750-Mile Empire State Trail Is Complete

The longest multi-use state trail in the United States officially opened in New York last week. Running from New York City north to Canada and from Albany to Buffalo along the Erie Canal, the 750-mile Empire State Trail offers off-road trails for cyclists, hikers, runners, cross-country skiers, and snow-shoers. The Trail, which connects 20 regional trails to create a continuous statewide route, will be open year-round.

Gov. Andrew Cuomo first announced plans for the Empire State Trail in 2017 during his State of the State address. The project filled the gap at two existing trails, the Hudson Valley Greenway and the Erie Canalway. In total, 58 separate projects were completed to make the trail continuous; 180 miles of new off-road trail were added and 400 miles of previously disconnected trails were joined.

“There’s no trail like it in the nation – 750 miles of multi-use trail literally from Manhattan to the Canadian Border, from Buffalo to Albany,” Cuomo said in a press release last week. “Not only does it provide an opportunity to experience the natural beauty and history of New York, but it also gives New Yorkers from every corner of the state a safe outlet for recreation as we continue to grapple with the COVID-19 pandemic.”

The Empire State Trail is made up of three main routes, including the Hudson Valley Greenway Trail, the Erie Canalway, and the Champlain Valley Trail. The north to south segment runs from Battery Park in Manhattan up through the Hudson Valley and Champlain Valley to the Canadian border. The east to west branch starts in Cohoes in Albany County and follows the Mohawk River, the Erie Canal, and ends at Buffalo Harbor State Park.

“The Empire State Trail is a testament to Governor Cuomo’s vision to make New York State an unmatched destination for outdoor recreation,” Erik Kulleseid, commissioner of New York State Parks, said. “Everyone from the most experienced long-distance cyclists to family groups with children will enjoy this pathway. People can take a quick bike ride or walk close to home, or they can plan a multi-day adventure to take them from one end of the state to the other.”

The state launched a website with an interactive map of the Empire State Trail as well as a list of activities available for both on and off the trail. And in October, Cuomo announced a new passport program to encourage New Yorkers to visit the 200 craft breweries found along 10 miles of the Empire State Trail. At each brewery along the trail, visitors can digitally check-in on the app and earn a stamp for the Empire State Trail Passport and the existing program, the Think NY, Drink NY Passport. Stamps lead to rewards, including t-shirts, backpacks, and more.

POSTED ON MON, JANUARY 4, 2021BY DEVIN GANNON

151 West 80th Street, Unit 3F


151 West 80th Street, Unit 3F

UPPER WEST SIDE, MANHATTAN

Asking: $775,000

2 Bed  |  1.5 Bath | Co-op


 

Stunning prewar finishes and sunlight await in this spacious two-bedroom, one-and-a-half-bathroom co-op on one of the Upper West Sides's prettiest blocks.

Step into a bygone era of refined architectural details in this bright abode featuring hardwood floors, soaring ceilings, and beautiful, intact millwork throughout. The living/dining room invites you to relax alongside a decorative fireplace and oversized south-facing windows. An adjacent closet and powder room add convenience, while French doors open to a secondary bedroom ideal as a private home office. In the windowed kitchen, you'll find abundant newer cabinetry. At the end of the hall, the owner's suite boasts a king-size layout, roomy closet and en suite bathroom with a soaking tub.

151 West 80th Street is part of a row of three Renaissance Revival apartment houses built in 1895 by Neville & Bagge, one of the most prolific uptown architecture firms at the turn of the 20th century. Today, the boutique walk-up cooperative offers laundry, resident storage, and a bike room. Sorry, no dogs allowed.

Located mid-block on a quintessential tree-lined street, this fine home is flanked by breathtaking brownstones and surrounded by the Natural History Museum and Central Park to the east and Riverside Park a few blocks west. The Upper West Side's greatest restaurants, nightlife venues, and shops are nearby, including Fairway, Citarella, Zabar's and Trader Joes. Transportation is a breeze with 1, B and C trains, excellent bus service, and CitiBikes nearby.

How the MTA Deal With Snowstorms - Jet Engine Powered Snow Blowers

A jet snow thrower in action via MTA’s Flickr

A jet snow thrower in action via MTA’s Flickr

With a forecast of up to 18 inches of snow, Winter Storm Gail is expected to bring more snow to New York City this week than the five boroughs saw all of last year. In response to the nor’easter, expected to hit Wednesday afternoon, the Metropolitan Transportation Authority has activated its 24/7 command center to monitor the storm. The agency is prepared to clear subways, buses, and commuter railways of snow thanks to its fleet of super-powered snow throwers, jet-powered snow blowers, and specially designed de-icing cars to tackle the icy mess.

“The safety of our employees and customers continues to be our first priority as we prepare for the first winter storm of the season,” MTA Chair Patrick Foye said in a press release. “The MTA is no stranger to the challenges posed by inclement weather and is ready as always to rise to the occasion in order to keep New York moving.”

A Hurricane Jet Snow Blower clears a track via MTA’s Flickr

A Hurricane Jet Snow Blower clears a track via MTA’s Flickr

The Long Island Rail Road will operate on an enhanced weekend schedule on Thursday, Dec. 17. The LIRR’s “snow-fighting” equipment includes 978,000 pounds of de-icing material, 22,000 linear feet of third rail heater, 262 portable snowblowers, 235 chainsaws, 167 portable generators, eight truck-mountable salt spreaders, 25 cubic yards of sand, two forklifts, and other vehicles ready to clear the snow.

On the Metro-North Railroad, the MTA will bring on 220 snowblowers, 70 truck-mountable salt spreaders, over 1,800 ice scrapers, 146 chainsaws, 196 portable generators, and 635 track switch heaters, along with dump trucks, backhoes, and emergency response trailers.

A snowblower, via MTA’s Flickr

A snowblower, via MTA’s Flickr

Starting at 4 p.m. on Wednesday, an empty and tandem tractor-trailer ban will be in effect at the MTA’s seven bridges and two tunnels. The MTA also has on hand 8,300 tons of salt, 50 snowblowers, and 74 truck mountable salt spreaders. Bridges are equipped with embedded roadway sensors for temperature sensors that deliver real-time information on wind velocity, wind direction, humidity, and precipitation through wireless communication, according to the agency. These sensors determine if speed restrictions are necessary.

NYC buses will operate at reduced service and all local buses will be fitted with tire chains. The articulated buses will be replaced by shorter buses. Bus managers can use technology that tracks service when it falls below expected levels on route to make decisions on service.

While the underground subway stations are mostly unaffected by snowfall, the system’s 220 miles of outdoor track are most vulnerable to snow and ice-cold conditions. According to the MTA, the tracks that will be most affected by the snow include the Rockaway A and S line, Sea Beach N line, Flushing 7 line, Brighton B and Q line, and Dyre Avenue 5 line.

According to the MTA, “super-powered snow throwers, jet-powered snow-blowers, and de-icing cars – retired subway cars modified with tanks and other specialized equipment to spray de-icing fluid on the third rail — are ready for immediate deployment.”

NYC Transit’s snow-fighting resources include more than 236,000 pounds of de-icing material, 2,770 ice scraper shoes, 259 third rail heaters, 249 track switch heaters, 218 jet engine powered blowers, 230 portable generators, and a number of service and emergency response vehicles.

The MTA also preps its subway fleet for snow by spraying an anti-freeze agent on door panels, purging air brake lines of moisture to prevent freezing, and equipping electric trains with third rail shoes with holes to stop snow from sticking.

And when the snow throwers, jet blowers, and de-icer cars can’t do the job, MTA signal maintainers are sent out to clear switches with what looks like a couple of brooms. The MTA created a video about the ways they prepare for winter storms. Watch it below:

Extreme cold and winter storms means subway service may change. Learn more about our Winter Weather Travel Guide at http://mta.info/coldweather

POSTED: DECEMBER 16, 2020BY DEVIN GANNON

250 West 90th Street, Unit 17K


250 West 90th Street, Unit 17K

UPPER WEST SIDE, MANHATTAN

4 Bed  |  3.5 Bath | Condo


Take your place among the Upper West Side skyline in this sprawling four-bedroom, three-and-a-half-bathroom condominium with private outdoor space and enviable storage in a modern, amenity-rich condominium.

Spanning a lavish 2,900 square feet high on the 17th floor, this commanding home drinks in sunlight and epic views thanks to walls of east-facing and west-facing double-pane windows. Wide-plank Italian maple hardwood floors and tall ceilings invite you into a gracious foyer flanked by numerous custom closets and a bike room, ensuring storage will never be a concern. Ahead, the impressive great room provides a marvelous footprint for relaxed living or lavish entertaining surrounded by open-sky vistas, handsome built-in cabinetry and a wet bar with a wine refrigerator. The open Poggenpohl kitchen dazzles with gleaming cabinetry, marble countertops and an army of upscale stainless steel appliances by Sub-Zero and Thermador, including two more large wine coolers. Enjoy casual meals at the breakfast bar, or step onto your private terrace for al fresco dining among the sights of the city. A powder room and laundry room with Miele in-unit washer-dryer complete the living spaces.

Head to the west-facing owner's suite to find three closets, including a walk-in, plus sleek built-ins and an en suite marble bath. There's another bedroom suite along the western exposure, and a third suite near the entry offers eastern outlooks. A fourth bedroom, accessible from both the hall and great room, makes for an ideal home office, den or media room. Automatic blinds and designer lighting with smart home controls add effortless ease to this remarkable uptown sanctuary.

Welcome to the New West, a postwar, pet-friendly condominium where residents enjoy 24-hour doorman and concierge service; a fitness center with a pool, sauna and spa; resident lounge; playroom; laundry on each floor; and a magnificent rooftop deck. Subletting, pieds-à-terre and 90 percent financing permitted. Located at the corner of 90th and Broadway, this home is at the epicenter of desirable Upper West Side living with amazing shopping, dining and nightlife in every direction. Central Park and Riverside Park provide world-class outdoor space, and 1/2/3 and B/C trains, excellent bus service and CitiBikes put the rest of the city within easy reach.


Flatiron’s New Holiday Art Installation Connects New Yorkers From a Distance

NOVEMBER 24, 2020

BY DEVIN GANNON

A new public art installation opened on Monday in the Flatiron Public Plaza as part of the neighborhood’s annual “23 Days of Flatiron Cheer” holiday programming. Designed by firm Studio Cooke John, the Point of Action installation consists of nine metal pavilions surrounded by six-foot concentric circles with ropes that part, creating a “spotlight” and allowing passersby to connect with one another. The firm’s work was selected as this year’s winning design by the Flatiron/23rd Street Partnership and Van Alen Institute.

“Point of Action” designer, architect Nina Cooke John. Photo courtesy of Cameron Blaylock

It’s the first installation in the Flatiron public plaza to take up both the North and South Plazas, which allows visitors to stay socially distanced while still engaged with the work. Lights shine above each circle and outward from the sides of each frame.

“We are at a threshold during this pandemic. Now that our eyes have been opened to realities that have been with us all along, how do we move forward? My hope is that Point of Action makes people think about how we connect to the people we see every day so that we can move forward together,” Nina Cooke John, founder and principal of Studio Cooke John, said in a statement.

Point of Action will be on view from November 23, 2020 through January 1, 2021, on Broadway, Fifth Avenue, and 23rd Street.

Point of Action beautifully meets our city’s current moment of uncertainty, provoking us to think not only about our interconnectedness with one another, but the role of our public spaces in creating connected, healthy, and resilient communities as we look toward collective recovery,” James Mettham, executive director of the Flatiron/23rd Street Partnership, said.

Photo courtesy of Cameron Blaylock

“There is no better place for this installation than the Flatiron Public Plazas, world-renown public spaces for meeting friends, participating in our public programming, and enjoying art and architecture. We are proud to partner with Van Alen Institute to present Point of Action and we invite visitors from near and far to visit Flatiron this season.”

23 Days of Flatiron Cheer” will kick off December 1 and run through December 23 with a host of holiday programming, like discounts at neighborhood stores, virtual holiday-themed tours of the Flatiron District, holiday meal kits, digital giveaways, and fundraising opportunities.

All photos courtesy of Cameron Blaylock

The Monthly Update - December 2020

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Did You Miss the Boat?

As we move into the final month of a raucous 2020, there are many things to be thankful for. A coronavirus vaccine seems to be right around the corner. The election is over, with a transition of power that appears to be moving in the correct direction for now. The Dow hit 30,000 for the first time ever, and New York City just announced that schools will reopen.

But, if you were to examine real estate market activity alone, you'd never know there was so much to be grateful for. There hasn't ever been a better time to buy, and yet I had three calls this morning from buyers who may have “missed the boat.” Maybe we'll see a more robust return to normal after the holidays, but if buyers were smart, they would be negotiating and putting property into contract RIGHT NOW!

The opportunity to buy has never been better, and here's why: Interest rates are hovering around 2.5 to 3 percent. Listings are going into contract anywhere from 5 to 15 percent under their adjusted COVID pricing. The rental market has about 5 percent visible availability and a shadow inventory of close to 20 percent. The cards haven't been in the buyers' or renters' favor like this in the 20 years that I've been selling real estate. 

It's the darndest thing, but when the streets are on fire, the buyers run to the hills instead of turning back around and buying, buying, buying. There is a small group of smart buyers who took advantage of our current situation. In five years, when they go to sell, they will be extremely happy as droves come back into New York City and drive prices back up. Invariably, that's what's going to happen in the next six to 12 months. Then buyers will be asking themselves, where were all the discounts I've been reading about!?!? 

So if you're a buyer — buy.


News & Local Happenings

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Compass expands to Hawaii

Compass has announced its expansion to the State of Hawaii. Top agents from O’ahu, Maui, Kaua’i, and the Big Island have joined the firm.

Read the full article here by Real Estate Weekly.

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BK & NYC Heated Outdoor Dining!

With Winter on its way and outdoor dining here to stay for the holidays, take off your coat and dine in comfort inside a heated tent! 

From Bed-Stuy to the UWS,this article has got you covered with a list of establishments that offer outdoor dining with heaters to keep you warm.

Holiday Lights @ The Bronx Zoo

If animal lantern safaris, ice-carving, costumed characters, and stilt walkers sound fun to you, then you'll love this year's annual outdoor Holiday Lights event at NYC's own Bronx Zoo! 

Tickets must be ordered in advance this year to allow for social distancing and cost $35 for adults and $23 for children. Check out available dates here!


Lifestyle Tips & Tricks

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48 Beautiful Holiday Decoration Ideas

Nothing welcomes the holiday season quite like a well-decorated, festive home. Whether you prefer traditional red-and-green decor or favor a more subtle use of gold and white, you can infuse every room in your home with holiday cheer. Take decorating inspiration from VERANDA.


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The 40 Best Subscription Boxes to Gift

Not only will the personalized boxed gifts show your loved ones that you're thinking about them, but they're sure to last well beyond the holiday season. Harper's Bazaar has made a list of the perfect subscription boxes to choose from, from fashion and beauty to food and fitness.


14 Winter Vacation Ideas in the U.S.

A winter vacation is a great cure after the holidays. Where to go is the question, with so many options and destinations. Here are Travel + Leisure's top 14 winter vacation ideas for destinations around the United States. Whether flying or driving, there's sure to be wintery fun within your reach!



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You’ll Need Timed Tickets to See the Rockefeller Center Christmas Tree This Year

Photo by Alex Haney on Unsplash

Photo by Alex Haney on Unsplash

NOVEMBER 30, 2020

BY DANA SCHULZ

Starting this Thursday, December 3, if you want a chance to see the Rockefeller Center Christmas Tree for five minutes (yep, there’s a time limit), you’ll need to reserve advance tickets. In his press conference today, Mayor de Blasio outlined the new system, which includes closing 49th and 50th Streets between 6th and 7th Avenues to vehicular traffic and setting up four-person “pods” where guests will be directed to see the tree. “This is going to be a challenging holiday season in a lot of ways, but it’s still going to be a beautiful one,” said the mayor.

First and foremost, the mayor advocated that people enjoy the tree via the live televised lighting that will air this Wednesday, December 2. “That’s the best way to see it. To feel that moment that we cherish every year when the lights go on and it’s another reminder of the beauty of the holiday season,” said the mayor. The event, which is not open to the public this year, will air on NBC from 8-10pm and will feature performances by the Radio City Rockettes, Dolly Parton, Kelly Clarkson, Jimmy Fallon, Pentatonix, Gwen Stefani, Meghan Trainor, and more.

For those who do want to go in person, the city’s timed and socially distant approach is as follows:

  • 49th and 50th Streets between 6th and 7th Avenues closed to vehicular traffic

  • Tree viewing entrances on 49th and 50th Streets at 5th and 6th Avenues ONLY

  • 5-minute tree viewing limit

  • Guests directed to pods; no more than 4 people in one pod

  • Virtual queueing activated; guests can scan QR code to see wait times

This is the second year that the city expanded pedestrian space around Rockefeller Center during the holiday season, though last year the intent was to accommodate the massive crowds that visit the tree each year.

Mayor de Blasio first mentioned a ticketed system for the tree in his Sunday press conference, during which he said that his team had been working with the state on the approach. You’ll be able to reserve your tickets on the Rockefeller Center website, though this feature has not yet been made live.

This year’s tree is a 75-foot tall, 11-ton Norway Spruce from Oneonta, N.Y. It will be adorned with 50,000 multi-colored LED lights strung on nearly five miles of wire and will be topped with a 900-pound Swarovski crystal star designed by architect Daniel Libeskind in 2018.

For those interested in skating on the adjacent ice rink, it opened a month later than usual on November 21 to give more time to restaurants currently using the plaza for outdoor dining, and it will close several months early on January 17 to begin work on a major revamp. You can buy tickets here.

The first Christmas tree went up in Rockefeller Center in 1931 when construction workers on the massive development site pooled their wages to buy a tree that they decorated with handmade garland from their families. It’s been lit every year since 1933 and broadcast live on television every year since 1951.

The Monthly Update - November 2020

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The Market of Contradictions

The New York City real estate market is busy, but we're seeing relatively few deals for the amount of activity. To put it another way, real estate brokers will tell you that we are all busy, but not "good busy." Case in point, we just put a property into contract at the asking price in less than 40 days. However, it took over 70 showings to do it!

The phone is ringing. Showings are happening (with staggering frequency, frankly). Listings are on the market for incredible prices. Interest rates are lower than I've ever seen them in my 20-year career. A brave buyer who's getting a great deal just told me she's about to lock her rate. I asked her what she got, and she told me 2.5 percent. Unbelievable! 

All these ingredients are bringing buyers to the table, but few are partaking in the feast. There is a confluence of events causing tremendous instability, including the election (which will, hopefully, be resolved within the next few days), the pandemic and the rising outbreaks, empty office buildings and retail storefronts, and very low residential rental rates that keep on falling. Buyers understandably have a lot holding them back.

I've been keeping track of weekly contracts signed since the start of the COVID crisis. We just broke the record and had 198 signings in the week ending on October 23. There will likely be 198 very happy owners selling these properties at tremendous gains five to seven years from now because of the current market conditions. This is why it's bewildering that more buyers aren't moving forward. Potential homebuyers inherently know that they should be buying, and that's the right time to buy. Yet, the fear of a bigger picture with so much uncertainty has foiled their ability to capitalize on probably the best buyers' market I've seen in 20 years. It's understandable, but the buyers who skate out onto the ice first will gain the most.

You may be asking yourself, how can anybody buy with such huge unanswered questions looming on the horizon? What can a skittish buyer do to move forward?

I know! Buy!

It's time. Be the first to skate out on the ice and capitalize when others are hindered by fear. Take advantage of a situation that we may never see again in our lifetimes. This really could be the best buying opportunity in a generation or more. I know it's scary. I know there could be more downturns in the market, but this is New York City, where buyers' markets only happen for a several months every decade. This one began in the middle of the shutdown when we saw the biggest discounts of listing prices. But there are still deals to be had, opportunities to be seized, and the chance to get your piece of the Big Apple at a discount! Once the herd mentality sets and certainty reinstates itself in the consumer psyche, then it'll be over in a flash. Just like that. Poof! Activity will pick up with ferocity with buyers competing with one another, snatching up inventory and sending this current moment's opportunity to the history books.


The Hoffman Team’s Active Listings


Compass in the News

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Modus Joins Compass

Modus, an escrow and digital title startup, has joined the Compass family! This exciting addition is another step towards Compass' goal to create the first end-to-end platform in real estate. Modus' digital title and escrow tools will provide Compass agents and clients a seamless closing process.  Read more here. 

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Aloha, Compass Hawaii! 

We am excited to announce that Compass has officially expanded to the Aloha State. We would like to extend a warm welcome to our new Compass Hawaii team members. Congratulations Compass Hawaii! Read more here.


Local Happenings

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Bryant Park’s Winter Village

Purchase local crafts, grab a fresh-made snack, or peruse local goods at the annual open-air Holiday Market. Then throw on a pair of skates and enjoys NYC’s only free admission ice skating rink! Click here to check out all the shops and plan your visit in advance!

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The Macy's Thanksgiving Day Parade Marches on!

As one of the most iconic seasonal events, The Macy's Thanksgiving Day Parade will go on, but it'll look very different than it has over its last 94 years. Read up here to learn what will change and what remains same during this unprecedented year, and watch the parade on Thanksgiving Day from 9am-12pm EST on NBC.


Lifestyle Tips & Tricks

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Here's How To Put The "WOW" Into Your Home Workout Space

The days of gyms being grungy, unfinished basements with a dusty weight bench are over. Elle Decor showcases how the pandemic's shutdown of public gyms across the country propelled the home gym from afterthought to a design priority. These times have brought new importance to what many fitness buffs have known all along: where you work out matters almost as much as how you work out. 

Celebrate Turkey Day In Style With 51 Thanksgiving Table Ideas

Aside from the big meal, setting the Thanksgiving table is a big part of the occasion for many families. After all, you want your table to look as good as the food you serve. Parade recommends adding a small detail or two to elevate your Thanksgiving tablescape. 


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As Seen On Brownstoner.com: Flatbush Standalone With Parking, Stained Glass, Built-ins Asks $2 Million

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Located in the micro nabe of Beverley Square East, this detached single family home offers parking, bedrooms galore and an interior stuffed with original details. Dating to the early 20th century, 340 East 18th Street also boasts a front porch and a rear yard for plenty of fresh air space.

The Beverley squares, both east and west, were largely developed by T. B. Ackerson, who envisioned carving upscale neighborhoods out of the former farmland of Flatbush. He had competition from other enclaves as multiple developers sought to lure home buyers with the promise of modern living outside of the city.

The Colonial Revival-style No. 340 East 18th Street likely dates to between 1901-1902 when many of the houses in the neighborhood were constructed. It was definitely in place by 1905, when it appears on Sanborn map of the area.

It was designed with generous entertaining spaces on the first floor, including a large foyer, parlor, library and a dining room in addition to an updated kitchen. The upper two floors hold seven bedrooms, a full bath and laundry.

The formal rooms of the first floor are packed with unpainted woodwork, including columned mantels with mirrored overmantels, wood floors with inlaid borders, built-ins and a dining room with beamed ceilings, wainscoting and plate rail. There’s also stained glass to be found.

The rear of the first floor has been modernized with an L-shaped kitchen with white cabinets, room for a table and glass doors looking out out to the rear garden. Adjacent to the kitchen is a full bath and storage.

The original stair with a window seat at the landing leads to the less detail filled upper floors but the bedrooms still have wood floors and simple moldings. Three of the four bedrooms on the second floor have windowed bays. There’s just one full bath shared by the bedrooms but one bedroom boasts an original marble sink and the floorplans show a passthrough with sink in between two other bedrooms. The other full bath in the house is located in the basement.

Out back there’s a wood deck off the kitchen with stairs leading down to a lawn with a raised planting bed. A driveway runs along the side of the house.

The house hasn’t been on the market since 1989. It’s now listed for $2 million with Dylan Hoffman and Andrew T. Corso of Compass. What do you think?

[Listing: 340 East 18th Street | Broker: Compass] GMAP

The Monthly Update - October 2020

The status of the New York City

real estate market as we head into fall: 

Uncertainty is the enemy in many scenarios, especially in financial markets, employment and the real estate sector. Right now, there are a number of deals happening in the city. However, many buyers are on pause as a multitude of question marks lie ahead, in business, health, politics and more. In the meantime, the rental market continues to sink lower while the sales inventory climbs ever upward.

Sale prices seem to be wavering in the wind like a kite — momentarily holding steady, then changing direction with another guest of wind. The metaphor holds true for the scads of unsure buyers, as well. We're seeing a lot of interest but also a lot of trepidation. In some markets, especially in Brooklyn, listings are going to contract seemingly immediately, and some even, dare I say it, bidding wars.

What lies ahead is anyone's guess, frankly. In the wake of a world-altering pandemic, today's market feels different than it did after other world-altering, life-changing events from our past. Probably because there is so much hanging in the balance at this very uncertain moment. Nobody knows what the next six weeks will hold, not just in terms of COVID, but also all the hot button issues such as the Supreme Court nomination, national social justice demonstrations  and, oh, that presidential election thingy. Will New York City be able to keep numbers low in light of a return to school and indoor dining? Or will a second wave be on the horizon? Is a full recovery of the economy possible without a vaccine or will we see a broader global economic downturn? Uncertainty is everywhere--so it’s understandable that buyers have a bit of this as well. They can’t help themselves. It’s everywhere.

Other regions across the country, including larger cities, are experiencing tremendous sellers' markets. But we're not quite there in New York City. Yet. Our market as a whole seems to be in flux. On hold  Paused. Halting. In transition. Stopped. Resting. Waiting for the other shoe to drop. And yet, some buyers are confidently skating out onto the ice and being rewarded handsomely for it with record-low interest rates, listing prices (arguably) 10 percent less than before COVID, with extra negotiation room on top of that. 

It's a good time to buy. Really good. And buyers who are boldly forging ahead know this. All the questions cannot be answered right now. All the uncertainty cannot be removed. But to live in the moment is to seize the day, to live your life in the city that you love and help revive and care for it. There's a reason why we were all here. It's because we love New York City. And our city will come back. It always has, and it always will.


Local Happenings & Lifestyle Tips

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Leaf Peeping 2020

Who doesn't love witnessing the gorgeous transformation of leaves during the fall? Autumn is a magical time of year in our beautiful state. Take a trip out of the city to recharge and enjoy the fresh air and stunning scenery by exploring this 2020 Fall Foliage Map for optimal leaf peeping!

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Most Anticipated Restaurants Opening this Fall

Looking to try something new? As we settle into the new season, new restaurant openings are on the horizon. Eater New York has rounded up a list of the most exciting openings to look forward to through the end of this year. Read up here.

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62 Best Fall Crafts to Help Celebrate the Season

Autumn is finally here, and that means it's time for a some easy, earth-toned, comfy-cozy DIYs. Country Living has gathered together the best crafts to bring in the new season. Each of these easy, family-friendly crafts is super cute and incredibly simple to make.

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2020 Simple Organizing and Design Ideas

Over the past six months, we've all realized the importance of our homes and the impact of our living spaces. For the third annual Real Simple Home, Real Simple partnered with talented designers and organizers to share ideas for making every area inviting, calming, and ultra-functional. Explore here.


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69 Fifth Avenue, Unit 5JH


69 Fifth Avenue, Unit 5JH

FLATIRON, MANHATTAN

2 Bed  |  2 Bath | Co-op


Elegant contemporary design and stunning city views abound in this impeccably renovated two-bedroom, two-bathroom home in a full-service, amenity-rich co-op, just steps from Union Square.

Spanning 1,400 square feet, this seamlessly combined unit is the epitome of style and refinement with its muted color palette, white oak wide-plank floors and premium finishes. Golden light fills every room thanks to a dozen windows facing south and wes and outfitted with Hunter Douglas motorized shades. From the gracious foyer, you're invited into a spacious living room and dining area where Fifth Avenue views stretch all the way to One World Trade. The sleek open kitchen dazzles with wooden cabinetry, custom under cabinet lighting, Ceasarstone quartz Countertops and a fleet of upscale stainless steel appliances, including a Viking gas range, Miele dishwasher and French door Sub Zero refrigerator.

The desirable split-bedroom layout places the owner's suite alongside the western exposure, where you'll find three extra-large closets and a gleaming en suite bathroom with a frameless glass shower featuring a Grohe rainshower head, gorgeous tile and outfitted with Robern vanity and medicine cabinet, Dornbracht fixtures and a Toto toilet. The second bedroom faces south and enjoys easy access to a second full bath outfitted with a tub/shower. Both bedrooms are a quiet place perfect for relaxation thanks to CitiQuiet windows. Generous custom closet space, including a huge walk-in closet near the entry, and an in-unit Miele washer-dryer complete this masterfully designed, light-filled haven.

The Wedgwood House is a smoke-free postwar, pet-friendly co-op offering 24-hour doorman service, a live-in superintendent, laundry, bike room and storage. The outstanding landscaped roof deck features panoramic views, and the onsite parking garage is accessible from within the building.

Located at the intersection of the Flatiron District, Union Square, Greenwich Village and Chelsea, this home is surrounded by the best of Manhattan living. Foodies will love the easy access to Whole Foods, Trader Joe's, Eataly and the Union Square greenmarket. Enjoy glorious outdoor space and events at Madison, Union and Washington Square Parks. Access to transportation is unbeatable with N/Q/R/W, 4/5/6, L, F/M and PATH trains, abundant bus service and CitiBike stations all within easy reach.

Why is New York’s Houston Street Pronounced ‘How-stun’?

One of the surest ways to know an out-of-towner is if they pronounce it “HUE-stun” instead of “HOW-stun” Street. But have you ever wondered why we don’t say it like the Texas city? The Times received this question from a reader and turned to Gerard Koeppel‘s book “City on a Grid: How New York Became New York” for the answer. According to Koeppel, “Houston the city is named after Sam Houston. Our street was named after a fellow named William Houstoun, who was a prominent Georgian, from a long line of Scotsmen.”

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William Houstoun was born in 1755 in Savannah, Georgia. He began legal training at London’s Inner Temple, but returned to Georgia in 1783 to represent his state in the Continental Congress. He was a delegate in the 1787 Constitutional Convention and was one of the original trustees of the University of Georgia at Athens, but despite his “southern pedigree,” it was his wife who “had the kind of clout that earns a person a street named in his honor,” according to Koeppel.

Houstoun married Mary Bayard in 1788. She was a member of the prominent Bayard family, mostly lawyers and politicians from Wilmington, Delaware who were leaders in the Democratic party and traced their roots to Peter Stuyvesant. In New York, the family owned several large farms, but the same year she was married, Mary’s father, Nicholas Bayard III, fell on financial trouble and had to sell his 100-acre farm in present-day Soho.

In a separate interview with NY1, Koeppel explained, “He figured the only way he was able to hold onto the land was to lay it out into a grid and sell it off in lots.” So he carved it into 35 blocks, naming the east-west streets and numbering the north-south streets (the latter were later renamed for Revolutionary War generals like Wooster and Greene). He named one of these thoroughfares “Houstoun Street” in honor of Mary’s husband. The southern boundary was renamed Bayard Street, which also still exists today. But why do we now spell it “Houston?” Koeppel’s theory is that Sam Houston was gaining so much fame that people began confusing the two spellings.

The Monthly Update - September 2020

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A Tale of Two Markets OR A Tale of Two Brokers?

 

There seem to be parallel universes at play in the New York City real estate market right now. As of the end of August, there were over 8,200 listings on the market, which is about 700 units more than an average August. Meanwhile, about 150 to 175 listings are going into contract every week since the reopening; a typical market week would see that figure at over 250 units. 

 

According to these numbers, the market would be perceived as slow: high inventory, low demand. I hear many agents saying they're getting no phone calls, no emails, no requests to see the properties they're listing and marketing. 

 

And yet there seem to be many more agents, like us, saying that this is the busiest they've ever been! The Hoffman Team has put 20 units in contract in August. We currently have over $10 million in buyers' offers out. We have an inventory of over $40 million in listings, and the majority of them are getting phone calls, offers and plenty of action. 

 

So, what makes us so different? The Hoffman Team takes pride in educating our buyers and our sellers to embrace the unique opportunities that our current circumstances have to offer. We know that this is a difficult time for many, and we will help everyone work through this process as much as we can. But know that there are opportunities for all of those who choose to embrace the moment. We are here to help sellers move on and to assist buyers in starting anew. Whenever there is change, there is opportunity. If you lean into this historic time with positivity, possibilities can emerge, lives can heal, and our world can be reborn from the ashes of the, at times, scary and traumatic events we've been through over the last five months.

 

We choose to embrace this moment. We choose to take the opportunities and educate all who are ready to take this journey with us, whether that's new adventures outside of New York City or an exciting fresh start within our beautiful city. Either way – we think positivity will prevail. That's the tale we choose to embrace.


Compass  News

Compass Launches AI-powered CMA Tool for Agents 

Last month, Compass launched a brand new comparative market analysis (CMA) tool, powered by Compass' investment in artificial intelligence (AI). “Compass’ new CMA enhances our agents’ market expertise by making AI-powered recommendations and simplifying complex data so they can help their clients build the best possible pricing strategy for their home.” 

Continue reading here.


Local Happenings

Stunning Outdoor Dining in NYC

With temperatures cooling down, it's the perfect time to enjoy refreshing fall air, especially while safely dining outside! TimeOut has compiled a list of nine restaurants in NYC that are serving up delicious food and stunning outdoor ambience. Plan your next dinner out here. 


Featured Listings


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