Everything You Need To Know About The 2021 Macy’s Thanksgiving Day Parade

After a television-only event last year because of the coronavirus pandemic, the iconic Macy’s Thanksgiving Day Parade is returning this year with in-person spectators. On Thursday, November 25, the 95th annual event will feature typical traditions, including the giant helium balloons, floats, and live performances, but with new health and safety protocols in place. Ahead, learn what to expect this year, from the full parade lineup and the best public viewing spots to how you can watch the signature character balloons inflate the night before.

“For more than nine decades, the Macy’s Thanksgiving Day Parade has served to bring joy to millions, who gather with friends and family to experience this one-of-a-kind holiday celebration along the streets of New York City and in homes nationwide,” Will Coss, executive producer of Macy’s Thanksgiving Day Parade, said.

“For our 95th celebration, Macy’s has created a spectacle to remember featuring a dazzling array of high-flying balloons, animated floats, and incredible performers. We can’t wait to help New York City and the nation kick off the holiday season with the return of this cherished tradition.”

Last year, Macy’s hosted a “reimagined” parade, with participant capacity reduced by 75 percent, a two-day staging, and balloons flown by specially rigged anchor vehicles instead of the usual 80 to 100-person teams.

This year, the large team of balloon handlers will return to fly the classic character balloons. The marching band, cheer, and other group performances that were slated for the 2020 parade will perform this year instead.

Balloons
This year, there are 15 giant character helium balloons. New colossal inflatables include the star of Netflix’s Ada Twist, Scientist, Grogu, also known as Baby Yoda from The Mandalorian, Ronald McDonald from McDonald’s, and Pikachu & Eevee from Pokemon. Expect to see returning favorites like Astronaut SnoopyThe Boss BabyDiary of A Wimpy Kid, Chase from PAW Patrol, the Pillsbury DoughboySpongeBob SquarePants & Gary, and more.

Photo courtesy of Macy’s, Inc.

Floats
There are 28 floats participating in this year’s parade, with six new floats joining the iconic lineup. Expect to see exhibits from Sesame StreetBlue’s Clues, The Lego Group, the Hallmark Channel, Entenmann’s, Cracker Barrel, Snoopy’s Doghouse, and more. Of course, the one and only Santa Claus will be making his famed finale appearance on the parade’s largest float (it’s 60 feet long!).

Entertainment and performers
This year, enjoy performances by Ballet Hispánico’s School of Dance, the Broadway Education Alliance Youth Choir, the Fred Astaire Dance Studios, the tributaries of Indigenous Direction, J.U.M.P. (Jumpers United for Macy’s Parade), the St. John’s Dance Team, Spirit of America Cheer and Spirit of America Dance Stars, and the Young People’s Chorus of NYC.

Other highlights include the Radio City Rockettes, which have performed annually since 1959, stars of Broadway musicals like Six, Moulin Rouge, and Wicked,  and Macy’s Singing Christmas Tree.

You’ll also hear songs from musicians and artists like Jimmie Allen, Jon Batiste, Kristin Chenoweth, Darren Criss, Jordan Fisher, Foreigner, the cast of Peacock’s Girls5eva, Andy Grammer, Mickey Guyton, Chris Lane, Miss America 2020 Camille Schrier, the Muppets of Sesame Street, Nelly, Kim Petras, Kelly Rowland, Rob Thomas, Carrie Underwood, Tai Verdes, Zoe Wees, and Tauren Wells.

Where to watch the Giant Balloon Inflation Celebration on Thanksgiving Eve
The Giant Balloon Inflation, where you can watch the balloons inflate the night before the parade, returns this year to the Upper West Side after last year’s public viewing was canceled. The event will be open to the public on Wednesday, November 24 from 12 p.m. to 6 p.m.

This year, guests must provide proof of Covid-19 vaccination and photo ID to view the inflation. Children who are not eligible may enter if accompanied by a vaccinated adult. Entry to the event can be accessed at 72nd Street and Columbus Avenue and guests will be able to view the balloons on 77th and 81st Streets. In 2019, about one million attended the giant balloon inflation celebration.

The Macy’s Thanksgiving Day Parade route and best spots for public viewing
The parade kicks off on Thursday at 9 a.m. at 77th Street and Central Park West, moving down its traditional 2.5-mile route to Columbus Circle, turning onto Central Park South, and then marching down 6th Avenue. Upon hitting 34th Street, the parade makes its final turn onto 7th Avenue and ends in front of Macy’s Herald Square.

For great views, Macy’s recommends arriving at 6 a.m. on the west side of Central Park West, from West 75th Street to West 61st Streets. The public can also watch the parade along 6th Avenue from West 59th to West 38th Streets.

For spectators at home, the parade will be shown on special national broadcasts on NBC and Telemundo from 9 a.m. to 12 p.m., with streams available on Peacock as well. Typically, 50 million people tune in to watch the broadcast.

New health protocols
Health and safety procedures for this year’s event include requiring all volunteer participants and staff to be vaccinated, reducing the overall number of participants by between 10 and 20 percent, and implementing social distancing rules at costuming areas, seating, and check-in.

POSTED ON FRI, NOVEMBER 12, 2021BY DEVIN GANNON

The Monthly Update - November 2021

Is It Crystal Ball Time?

“How’s the market been and what’s next”...

This is the #1 question I get asked.  The answer is;  It's been a phenomenal (rebound) year for New York City real estate. Manhattan and Brooklyn bounced back from the pandemic, breaking all types of real estate records, including: 

  • The number of total listings on the market at one time 

  • The most properties in contract/escrow in the history of NYC real estate

  • Multiple deals signed over $50 million in one week 

  • The luxury market's 20-plus weeks with 30 or more signed contracts

  • Multiple months with more than 400 units put into contract every week

  • The list of broken records goes on and on.. Even for us! 

The Hoffman Team averages about 100 sales annually, but this year, we're closing in almost 200 transactions for the year!  Everybody everywhere is working double- and triple-time to keep up with buyer demand and record-breaking transaction volume. But what does the future hold? (Does anyone have a crystal ball I can borrow??)

Some brokers and pundits are touting the arrival of international buyers and European Union one-percenters after the lifting of the travel ban arrives, as anticipated, on November 6. The National Association of Realtors (NAR), Knight Frank and others predict a tremendous international buyer push in November. That doesn't even include the reinstatement of Chinese, Russian and South American buyers to the mix. Cities like New York, Los Angeles, Miami and other top international destinations, such as Texas and Georgia, could see a second surge of purchase activity with the opening up of the real estate markets to all international purchasers.

Hyperinflation or inflation will likely be additional reasons why buyers will flock back into the real estate market. They'll be seeking to put their money in America's oldest form of investment to protect their nest eggs against inflation. As recently reported by millionacres.com in The Wall Street Journal, investors buying real estate when inflation increases is an excellent way to hedge against the rising cost of goods. 

With the FED pumping over $340 million billion dollars into circulation, we're seeing goods and services rise at about a 5 percent rate since the COVID crisis. It remains to be seen what will transpire, but many, many experts believe that this inflation is not a temporary trend like once reported and that investors will start to surge back to real estate as a protective strategy.

Raising interest rates are also on the minds of every prospective purchaser, and that's why many believe this late fall, winter and spring markets will be just as busy if not busier than earlier this year. Beyond that, it's anyone's guess. But for the remainder of the fall quarter and winter quarters and into Q1 of 2022, people expect the New York City real estate market to continue its historic run and keep the same blistering pace as the last 13 months. I guess only time will tell! (Unless I can borrow that crystal ball…)


Local Events

New York City Marathon

The world’s largest and most exciting marathon, The NYC Marathon, courses through the five boroughs of New York. Come cheer on neighbors and friends as they run the 26-mile trail, starting in Staten Island and ending in Central Park. Please be sure to map your route on November 7th accordingly, as runners take miles 16-19 along 1st Avenue through the Upper East Side. For more information on the marathon and donation opportunities, please visit the website here.

Annual Macy’s Thanksgiving Day Parade

November in New York City is a magical time, and the ultimate holiday tradition is marching this way. On Thursday, November 25th, watch the 95th Macy’s Thanksgiving Parade live from the streets of NYC or on NBC 9 AM-Noon. Be one of the millions around the world to enjoy the spectacular balloons, exciting performances, colorful floats, and so much more. For more information on the Parade, go to the website here.


Lifestyle Tips & Tricks

Chic and Festive Thanksgiving Decorations

Thanksgiving decorations are all about showing off your style, but that shouldn't equate to stress or going way over your budget. Regardless of your aesthetic, there are a slew of inexpensive DIY decorations you can try to make your Thanksgiving celebration more inviting for family and guests!
Courtesy of Good Housekeeping

The Best Thanksgiving Drink Recipes Loaded with Fall Vibes

Step aside, wine and beer. We're thinking cocktail hour is in order this Thanksgiving! Whether you pair these Thanksgiving drink recipes with your menu or enjoy them before or after the big meal, these Thanksgiving cocktails are sure to get the party started.

Courtesy of Better Homes & Gardens


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309 West 118th Street, THF


309 West 118th Street, THF

HARLEM, MANHATTAN

$2,600,000

3 Bed  |  3 Bath | 2,990 SqFt. | Condo


 

Tremendous townhouse living meets fantastic condominium amenities in this spectacular three-bedroom, three-bathroom triplex featuring grand proportions, premium finishes and a large private yard in spectacular South Harlem.

Spanning more than almost 3,000 square feet, this regal home begins atop a classic high-stoop entry, where double doors invite you inside the expansive south-facing living room. Enjoy a generous footprint for seating and dining areas surrounded by tall, beamed ceilings and gleaming hardwood floors. Ahead, the open kitchen impresses with marble countertops and gorgeous cabinetry with blue hardware that coordinates beautifully with the Greek key tile backsplashes and lovely pendant fixtures. The upscale stainless steel appliances include a gas range, side-by-side refrigerator, dishwasher and built-in microwave. A wall of built-ins makes the adjacent room ideal as a TV lounge, while a powder room flanked by closets completes the level.

Head downstairs to discover a lovely owner's suite with a custom walk-in closet and an en suite bathroom with a frameless glass shower and double vanity. Two large secondary bedrooms include large closets and easy access to a second full bathroom. One bedroom opens to the home's glorious private rear yard, also accessible via an outdoor staircase from the main living level. This outdoor wonderland is finished with handsome fencing and pavers making it ideal for magnificent al fresco dining and entertaining.

Two more closets and an in-unit washer-dryer add convenience to the bedroom level. Below, a 750-square-foot fully finished cellar with roomy closets, 12-foot ceilings, ceiling fans, carpet and a private entry is the perfect rec room, family room, home office, guest suite or all of the above.
Built in 2003, Brownstone Lane is a stunning collection of condominium homes that blend seamlessly with their historic surroundings thanks to their rich brownstone façades and dramatic L-shaped stoops. Residents enjoy doorman service, video intercom entry, a fitness center overlooking an indoor children's playroom, a shared 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. The exciting 125th Street retail corridor is within easy reach, and Morningside Park, Marcus Garvey Park and Central Park fill the neighborhood with hundreds of acres of outdoor space. Nearby 2/3, B and C trains, excellent bus service and CitiBike stations put the rest of the city within easy reach.

245 East 24th Street, Unit 14G


245 East 24th Street, Unit 14G

KIPS BAY, MANHATTAN

$875,000

1 Bed  |  1 Bath | Co-Op


Sunny open-sky views meet sleek modern finishes in this beautiful convertible two-bedroom, one-bathroom home in a full-service Kips Bay cooperative.

A gracious foyer flanked by four large custom California closets invites you inside this approximately 850-square-foot home. Wide-plank hardwood paves the floors. Tall ceilings rise overhead, and a wall of east-facing windows frames gorgeous sunrise views. The large living room provides plenty of room for seating and home office areas, while the oversized dining alcove is ideal for entertaining or conversion to a second bedroom, as seen in many other G-line units. Head to the recently renovated kitchen to discover glossy Leicht cabinetry and stainless steel appliances, including a gas range with a dual-door oven, a Miele dishwasher and Samsung built-in microwave. Enjoy a roomy custom California closet and stunning eastern and southern outlooks in the spacious primary bedroom. The windowed bathroom offers floor-to-ceiling tile, a tub/rain shower, an oversized vanity mirror and chic contemporary fixtures. Through-the-wall air-conditioning ensures year-round comfort in this bright and airy home.

Tracy Towers is a postwar co-op where residents enjoy full-time doorman service, live-in superintendent, central laundry, a storage room and roof deck. Liberal board policies permit pets, pieds-à-terre, subletting, co-purchasing and parents buying for children.

This Kips Bay home enjoys immediate proximity to NoMad, the Flatiron District, Chelsea, Midtown and Gramercy. The Kips Bay AMC theater, Trader Joe's and Fairway are nearby, and the wonderful outdoor space of Madison Square, Union Square and Stuyvesant Square parks is just minutes away. Transportation is excellent with 6, N/R/W and L trains, excellent bus service and CitiBikes within easy reach.

The Monthly Update - October 2021

October 2019 Vs. October 2020 Vs. October 2021 


I looked back at our team’s October monthly updates for the last three years to see what has changed and what has stayed the same.  I was hoping to (possibly) use the past to create some predictions and road maps for moving forward through this fall, the coming winter and the future spring market in New York City, but when I looked back, It was quite interesting to see where we were and where we are now...

In October 2019, we wrote, "Big money on pause."

In October 2020, we wrote, "Uncertainty is the enemy of many scenarios."

In 2019, big money may have been on pause, but this year, we just broke $11.3 billion in the luxury market, crushing the previous record of $11.2 billion set back in 2014. Big money is definitely not on pause. In fact, the luxury sector set a record in 2021 with over 20 weeks of 30-plus contracts signed at $4 million and above. The townhouse market woke up as buyers desired privacy, safety and autonomy during COVID. 

In 2020, uncertainty may have been commonplace, but not anymore.  Buyers in 2021 are very certain that they want to buy in Manhattan and Brooklyn. They crushed contract signed/pending sales records with over 5,200 units in contract at one point during the summer. Buyers also broke records for weekly contract signings. Last spring, the marketplace was putting 400-plus units into contract for several weeks in a row- but this is also because prices were down.

Even before the pandemic, there was hesitation and languishing urgency among buyers. COVID seemed to compound the issue early in 2020, which is to be expected. But that was not the norm for the rest of the country, which experienced a buyer boom during the pandemic. The unexpected turnaround in the Manhattan and Brooklyn real estate markets was a flat-out surprise to just about every professional in the real estate industry. So what can we expect for the remainder of 2021 and beyond?  That all depends on whom you ask..

Even though it's been the hottest transacted market in the history of Manhattan/Brooklyn real estate one thing that is certain is that buyers still aren't ready to pay "seller's market" pricing —not just yet anyway. We know sellers are hungrily salivating at the thought of raising prices past 2019 levels  but as I've reported time and time again, overall pricing has stagnated, and sellers' prices need to be competitive across most categories to be able to sell and close. However, many (myself included) believe that there will be a time when prices will "pop" but who knows... 

Looking back at the last two years of October newsletters, the only thing certain is the unexpected. The next nine months are anyone's guess However, the main take-away is: 


If you're a buyer: Take advantage of today's market. If you're a seller:Take advantage of today's market, as there's no certainty in today's real estate future.

210 Central Park South, Unit 10D


210 Central Park South, Unit 10D

CENTRAL PARK SOUTH, NEW YORK

$18,000/mo.

2 Bed  |  2.5 Bath | Co-Op


Central Park becomes your daily backdrop and personal playground in this breathtaking two-bedroom, two-and-a-half-bathroom Central Park South residence beautifully reimagined by Stuart Parr Design.

A gracious entry gallery lined with custom-built Boffi closets invites you into this designer showplace to discover gleaming chevron hardwood floors and tall ceilings dotted with recessed lighting. Ahead, you'll arrive in the expansive living room where the beauty of Central Park unfolds at your feet. Enjoy a generous footprint for seating areas, or step onto the 26.5-foot-wide terrace for al fresco meals alongside treetop outlooks. Chefs will adore the sleek Boffi kitchen's fleet of Gaggenau appliances, including a vented cooktop, wall oven, dishwasher, microwave drawer and wine refrigerator. The adjacent dining room welcomes lavish entertaining and intimate dinners with equal ease.

Head to the owner's suite, where every day begins with park vistas and coffee on the terrace. A custom-designed bed and night tables add chic designer style, and four custom Boffi closets attend to wardrobe needs. In the en suite bathroom, you'll find swaths of Italian slab marble, radiant heat floors, a double vanity and gorgeous contemporary fixtures. The south-facing secondary bedroom features excellent closet space and custom built-ins of its own, plus another en suite marble bath. An in-unit washer-dryer and zoned HVAC add comfort and convenience. Enjoy an outstanding media experience with a home theater speaker system in the living room, plus built-in speakers in the living room, dining room, and the primary bed and bath. A Savant smart home system controls lights, shades, air conditioning and A/V equipment from your phone, tablet or remote.

210 Central Park South is an illustrious postwar co-op where residents enjoy 24-hour white glove doorman and elevator service, a live-in superintendent, an on-site attended parking garage and a new rooftop deck with an outdoor kitchen.

From this commanding Central Park South location, you're just inches from 840 acres of iconic outdoor space and Midtown accessibility. Enjoy front-row access to world-class shopping, five-star dining and spectacular Theater District and Lincoln Center entertainment. Transportation is effortless thanks to F, N/Q/R/W, A/C, B/D, 1 and E, excellent bus service and CitiBike stations all nearby.

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Supersized Origami Sculptures Land in NYC’s Garment District

Photos courtesy of Alexandre Ayer / @DiversityPics for the Garment District Alliance

Photos courtesy of Alexandre Ayer / @DiversityPics for the Garment District Alliance

Seven supersized origami-inspired sculptures are now on display in Midtown Manhattan as part of the neighborhood’s latest public art exhibit. Installed by the Garment District Alliance and the Department of Transportation, the exhibition, Hacer: Transformations, features brightly colored steel sculptures of animals that vary in size and resemble the paper-folding art. Created by California-based artist Hacer, the installation will be on display along Broadway between 36th and 39th Streets through November 23.

Fabricated in powder-coated steel, the sculptures include two dark turquoise coyotes, two medium turquoise rabbits, a magenta elephant, a yellow dog, and a green bear cub, as described in a press release. The largest of the works is the 14-foot-long Coyote, Stalking.

“As we head into the fall, we want the Garment District to be a welcoming and enjoyable space for all visitors, whether they are returning to the office, traveling, or just passing through,” Barbara A. Blair, president of the Garment District Alliance, said. “We know these supersized sculptures will bring a smile to everyone’s face, and we encourage all to stop by and snap a picture with their favorite origami-inspired creation!”

Hacer: Transformations is the artist’s first large-scale solo show in New York, brought here by the Fremin Gallery in Chelsea.

Photos courtesy of Alexandre Ayer / @DiversityPics for the Garment District Alliance

Photos courtesy of Alexandre Ayer / @DiversityPics for the Garment District Alliance

Photos courtesy of Alexandre Ayer / @DiversityPics for the Garment District Alliance

Photos courtesy of Alexandre Ayer / @DiversityPics for the Garment District Alliance

“We are delighted to present Hacer: Transformations, in which the whimsical works are transforming Broadway for New Yorkers and visitors alike,” Emmanuel Fremin, owner of Fremin Gallery, said. “Following more than a year of COVID-19 related restrictions, this outdoor show of Hacer’s works brings cheer and optimism to the heart of New York City.”

This latest exhibit is part of the Garment District Alliance’s Art on the Plaza program, which brings art installations to the neighborhood year-round, as well as the Department of Transportation’s Arterventions program.

Photos courtesy of Alexandre Ayer / @DiversityPics for the Garment District Alliance

8 Sylvan Terrace


8 Sylvan Terrace

WASHINGTON HEIGHTS, NEW YORK

$1,795,000

2 Bed  |  2 Bath | Historic Townhouse


A celebrated designer's own sought-after landmark home, masterfully renovated and featured in Dwell magazine, is a rare find indeed. Discover 8 Sylvan Terrace, the glorious reimagining of a unique 1887 Victorian row house in one of New York City's most prized historic enclaves. Currently configured with a single-family layout, 8 Sylvan Terrace is a legal two-family and lends itself to easy conversion back to a two-family.

A high stoop invites you into a classic double vestibule on the parlor level, were meticulously restored original pumpkin pine flooring, carefully recreated ceiling medallions and a stately refinished staircase nod to the home's historical provenance. Two rooms on this floor are separated by restored original pocket doors that had been encased by layers of sheetrock during a less inspired renovation. Traditionally used as reception and dining rooms, these spaces are ideal as bedrooms, living areas or home office space featuring a handsome wood-burning fireplace flanked by custom built-in cabinetry.

The lower level continues the old-meets-new theme with a sleekly minimalist modern staircase that leads to open-plan living space featuring random-width reclaimed pine flooring, swaths of exposed brick and original beams. Enjoy comfortable daily life and lively entertaining alongside the original wood-burning cooking hearth fireplace and salvaged wharf light. The impeccable kitchen combines innovative custom finishes, including cabinetry coated in anodized aluminum and a concrete range hood, with traditional Carrara marble countertops and upscale stainless steel appliances all integrated to masterful effect.

Head to the top-floor to discover the glorious full-floor owner's suite topped in soaring 15-foot-tall beamed ceilings, restored 19th century French chandeliers and remote-controlled venting skylight. Towering twin wood-burning and decorative original brick fireplaces underscore the room's grand proportions. The adjacent windowed bath impresses with 12-foot-tall ceilings, polished concrete floors, floor-to-ceiling quartz tile, a frameless glass shower and a marble sink wrought from a centuries-old water fountain that once stood in a Philadelphia park. A large laundry room/closet attends to wardrobe needs, and mini-split HVAC units and Baxi radiators ensure year-round comfort in this exquisite Uptown home.

Nearly untouched by time, Sylvan Terrace is a serene block lined by 20 two-story wood Victorian row houses with lovely green and yellow siding, cornices and shutters. Located within the Jumel Terrace Historic District, the charming houses were built on a dead-end Belgian-block street featuring beautiful views of Morris Jumel Mansion, Manhattan's oldest residence. In this wonderful lower Washington Heights location, you'll enjoy direct access to Highbridge Park and fantastic shopping, dining and nightlife along Broadway and Amsterdam. The C train is right outside your door, and 1, B and A lines, excellent bus service and CitiBikes put the rest of the city within easy reach.

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Weekly Update:

Luxury Market:

23 properties, $4M and up, went into contract last week. Impressive for a pre-holiday week. 16 condos, 3 coops, and 4 townhouses made up the listings. All 16 condos were in new development condos.

Supply:

178 units came onto the marketplace last week. A 6.8% drop from the week before and a much lower number than we're used to seeing during this Covid recovery market. For the first time in a long while new supply dipped under 200 for the week. Although, a conventional trend for a pre-LDW/end of summer week.

Pending Deals:

205 units went to contract last week--very impressive for this time of year and this marks the 3rd week in a row of contracts-signed outpaced supply! Data like this shows the hunger and urgency of buyers to put units into contract. Looking at the rolling 30 days numbers --it shows the overall trend of units going into contract outpacing supply, handley. Just incredible. We'll see in the coming weeks if supply can start to claw back and rise to buck this trend or will price points start to be less of a hurdle for buyers (as they are right now) and start to rise.

Rolling 30 Day #'s:

981 units released to market over the last 30 days.

1071 units went to contact over the last 30 days.

699 units were taken off the market over the last 30 days.

The Monthly Update - September 2021

The Tipping Point 


There comes a time in every real estate market when it tips either in the buyer's favor or the seller's favor. The New York City marketplace has been a buyer's market for the better part of five years. But with the sudden switch in buyer urgency, buyers have been putting property into contract in record numbers since about October 2020. More apartments have gone into escrow/contract than ever before. In early spring, there was a stretch when Manhattan was putting 400 units into contract nearly every week for 20 weeks, which is just incredible given that we just came out of a pandemic. 

Last year, pundits were busy predicting a slow, gradual recovery in Spring 2021 as a best-case scenario, but buyers had other plans. We topped out at almost 9,000 units on the market at the beginning of October 2020, but that number has dwindled every month as the pace of demand outweighed supply week in and week out for months and months. However, even though we were charging ahead at a record pace, buyers still turned their noses up at "overpriced" units. Which begs the question, Where is the tipping point between a buyer's and seller's market?

In the case of Manhattan real estate, the tipping point will be where supply gets so low that buyers will tend not to care (or at least care a lot less) where the listing price is. Then, prices will start to rise gradually. We're certainly not there yet. Today, any listing priced above roughly 2019 levels will be shunned by the buyer community and overlooked by interested prospects. The phone will not ring for sellers who wish to push the envelope of market value without buyer public approval first. 

But we will reach that tipping point soon! It's only a matter of time before prices start to increase. It could be as soon as this fall; it could take as long as next spring. But it most certainly will happen. As long as buyers stay active in the marketplace — and there are no signs of slowing just yet — prices will rise.

So, if you're a buyer, take advantage, NOW. Secure your property as the tipping point is near. 

Sellers: Should you wait? Should you list? A lot will be answered now that it’s after Labor Day. The fall market is underway, and new listings presumably will enter the marketplace. It will be interesting to gauge buyer urgency when there is an abundance of new listings available. Only time will tell in that regard, but as an overall summation of our current marketplace, I would say we're at the precipice of the tipping point into the next seller's market. 

What would you like to hear more about?  Let me know if there are any topics you wish to see featured in our newsletter! 


Local Events

Tribute in Light- 9/11 Memorial

From dusk to dawn, on the evening of September 11, twin beams are presented annually to honor those killed and celebrate the indestructible spirit of NYC. Tribute in Light is a commemorative and symbolic piece of art created six months after 9/11 and every year after. Click here to learn more about the memorial, donate to the Never Forget Fund, and review museum visiting hours.

 

 

Broadway is BACK!

Broadway shows will begin again, starting in September. Come see some of Broadway’s classics like Chicago, Hamilton, Moulin Rouge, Hadestown, Wicked, Lion King, Aladdin and so much more. Please note the vaccination, mask, and healthcare guidelines for each theater. Playing schedules for each production could vary; check purchase sites for schedules. Click here to learn about more shows coming back this fall! 

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The 2021 US Open

August 30 – September 12

One of NYC's favorite tournaments is back. The 2021 US Open will welcome back fans at 100% capacity for the two-week jammed-packed tournament. More information here.


Current Hoffman Team Listings

124 West 93rd Street, Unit 2D


124 West 93rd Street, Unit 2D

UPPER WEST SIDE, NEW YORK

$850,000

2 Bed  |  1 Bath | Condo


Prewar grandeur and contemporary updates create the perfect urban haven in this converted two-bedroom, one-bathroom condominium just a block from Central Park.

A gracious foyer flanked by closets invites you inside the bright 710-square-foot home. The large living room provides ample space for seating and dining areas surrounded by tall beamed ceilings and mahogany inlaid herringbone hardwood floors. In the adjacent kitchen, you'll find wood cabinetry, beautiful countertops and stainless steel appliances, including a Miele cooktop and GE Profile oven. The expansive primary bedroom offers eastern and southern exposures and a roomy closet. The second bedroom features a bright east-facing window, and the bathroom is finished with floor-to-ceiling tile, a large tub/shower and a pedestal sink.

The Westerly is a handsome prewar condominium where residents enjoy part-time doorman service, a live-in superintendent, porter, storage, bicycle room, card-operated laundry, lounge/play area, and a lovely outdoor garden and patio with a barbecue.

In this fantastic Upper West Side location, Central Park becomes your personal backyard with 842 acres of lush outdoor space and direct access to the Reservoir and tennis center. Trader Joe's and Party City are right next door, and nearby Columbus Square offers Whole Foods, Michael's, TJ Maxx, HomeGoods and more. Enjoy fantastic dining and nightlife venues along the adjacent avenues, while 1/2/3, B and C trains, excellent bus service and CitiBikes put the rest of the city within easy reach.

104 Bedford Street, Unit 4AB


104-106 Bedford Street, Unit 4AB

WEST VILLAGE, NEW YORK

$1,500,000

2 Bed  |  2 Bath | Co-Op


This convertible two-bedroom, two-bathroom cooperative is a rare West Village gem featuring exquisite updates, historic charm and breathtaking natural light throughout.

A result of two legally combined units at the rear of the building, this home offers mesmerizing treetop views and a wonderful sense of peace and tranquility. A spacious foyer invites you to discover beautiful vintage inlaid hardwood floors, tall ceilings, handsome millwork, and 11 oversized windows across all four exposures. Relax in the living room alongside lush garden vistas, a wall of white bookshelves and a recently restored wood-burning fireplace with an intricately carved mantle with stainless steel liner and fan system. Entertain in the bright and airy dining area, and enjoy a windowed kitchen with glass-front cabinetry, granite counters, a farm sink, an adjacent pantry closet, and stainless steel appliances, including a gas range, dishwasher and a newer refrigerator.

In the primary bedroom, you'll find two closets, including a walk-in, plus lovely built-ins and an en suite bathroom with a shower and in-unit washer-dryer. A full guest bathroom with a soaking tub completes this delightful West Village home.
Designed in 1891, 104-106 Bedford Street is a stately brick and brownstone co-op where residents enjoy an elevator, new roof, updated plumbing, a dedicated superintendent service, central laundry and a bike room. Pieds-à-terre, subletting and pets are permitted with board approval.

Located within the Greenwich Village Historic District, this picturesque tree-lined street is described as "one of the most attractive blocks in Greenwich Village." Here, you're surrounded by the phenomenal architecture, shopping, dining and nightlife that make the West Village one of the most coveted residential neighborhoods in the world. Washington Square Park and sprawling 500-acre Hudson River Park provide abundant outdoor space and recreation. Transportation is effortless with 1, A/C/E, B/D/F/M and PATH trains, excellent bus service and CitiBike stations just minutes from your door.

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Wegmans Is Coming to Manhattan!

Earlier this month, the Kmart on Astor Place, a strangely beloved neighborhood fixture, closed abruptly after 25 years. The store at 770 Broadway was one of only two locations in Manhattan; the Penn Station outpost closed in early 2020. Now, landlord Vornado Realty Trust has announced that they will bring in Wegmans grocery store as the new tenant, scheduled to open in the second half of 2023.

Photo of 770 Broadway (cropped) via Wikimedia Commons

Photo of 770 Broadway (cropped) via Wikimedia Commons

Wegmans opened their first New York City store to much fanfare at the Brooklyn Navy Yard in October 2019. The grocer has somewhat of a cult following thanks to its many prepared food options, organic selections, and reasonable prices. Their Brooklyn location totals 74,000 square feet. The Astor Place location will be even larger at 82,000 square feet.

“Wegmans is one of a kind and will be a best-in-class addition to Manhattan, both for the local neighborhoods and as a destination for residents from across the island. We look forward to partnering with Wegmans’ talented team on the opening of this signature location,” said Vornado Chairman and CEO Steve Roth.

According to the press release, “Wegmans signed an agreement with Transformco [Kmart’s parent company] to buy out Kmart’s lease at Astor Place…” They then signed a 30-year lease with Vornado to occupy the space on both the street and lower levels, totaling 82,000 square feet. (The Brooklyn location is 74,000 square feet.)

As The Real Deal explained, up until 2018, Kmart actually occupied 145,000 square feet across three floors in the building, but Vornado paid them $46 million to give up the second floor to may way for office tenant Facebook.

In addition to Facebook, 770 Broadway, is home to several subsidiaries of Verizon Media. Commercial building 51 Astor Place is just across the street and is the headquarters of IBM’s Watson Group. Cooper Union is nearby, as are NYU and the New School, so Wegmans should have no shortage of foot traffic. The Brooklyn Wegmans also offers delivery in New York City through Instacart, a service that’s likely to be provided at their new location, too.

Wegmans was started in 1916 and today has 106 stores across New York, Pennsylvania, New Jersey, Virginia, Maryland, Massachusetts, and North Carolina.

The Monthly Update - August 2021

The hottest real estate market in New York City‘s history is not a “sellers” market!

The hottest real estate market in New York City‘s history is not necessarily a “sellers” market...

We are currently experiencing the most active New York City real estate market ever recorded. More transactions have been signed and closed than at any point in the last 20 years.  

Currently, there are over 5,400 units in contract. The luxury market has been recording 30-plus contracts signed in 26 out of the last 27 weeks. There was a point over the winter holidays and into spring when Manhattan was recording 400 or more contracts signed every week. This is unprecedented! This has never happened before. We discuss this market weekly; the word “ludicrous” has been used on several occasions. 

My team (The Hoffman Team) has sold and closed 91 units so far this year. We have another 54 in contract and we have about 27 accepted offers about to sign, which, like the rest of the market, is unprecedented! 

So, why can’t sellers sell for whatever price they want today?

Buyers have been levelheaded and rational throughout this entire COVID recovery market. They are not going for the properties that are priced too high — plain and simple.  Inventory is trading at 2019 levels. The market has basically made up the 5 percent to 15 percent COVID discount of a year before. The primary difference between now and then is speed.  If you price your property at 2019 pricing, you will sell the property extremely fast. Buyers in 2019 were still hemming and hawing and basically in indecision mode for months. 

So why now? The prices are at the same level as 2019, so why are buyers buying today instead of back then? Interest rates are lower, that is true, but it’s also a psychological play coupled with low inventory. Families want the stability of homeownership. In a world that for the last year has been anything but normal, they want something stable in their life — they want a place to call “home”....If you are in the same boat and want somewhere to call “home” or want to sell your property “quickly”... let’s talk!


Local Events

Shakespeare in the Park

Come enjoy another one of New York’s exciting re-openings, free Shakespeare in Central Park. Performing in the heart of the city is a fresh and comedic adoption of Shakespeare’s “The Merry Wives of Windsor," directed by Saheem Ali. Let’s celebrate the return of New York and theater and fill The Delacorte with joy and life again! Click here for more details. 

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2021 US Tennis Open 

The US Tennis Open is welcoming back fans at 100% capacity in one of New York’s nicest sporting venues, The Billie Jean King National Tennis Center (NTC). Come see players like Djokovich, Federer, Williams, and Halep in action and on the court in what's sure to be the best Open yet. All ticket categories are available, from reserved stadium seating to general admission passes! Click here to review the US Tennis Open Schedule, purchase tickets, view photo galleries, and more.


Lifestyle Tips & Tricks

The Best Vegetables and Flowers to Plant in August

If the idea of gardening in the summer isn't sitting well with you this year, or if you've just been too busy to actually start your garden, don't worry. The crisp fall season is a great time to grow a slew of vegetables and flowers!

Read More - Courtesy of Good Housekeeping

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The Best Places to Travel in August

Is there any month more tailor-made for a vacation than August? The peak of summer is the perfect time to jettison all 9-to-5 obligations and indulge in a trip. If you're hoping to squeeze in a vacation before Labor Day, here are nine of the best places to travel in August.

Read More - Courtesy of Condé Nast Traveler



NYC will host 5 free concerts as part of ‘Homecoming Week’

New York City will host five huge free concerts in every borough next month to mark the city’s recovery from the pandemic. Earlier this summer, Mayor Bill de Blasio announced plans for a “mega-concert” on Central Park’s Great Lawn in August and later revealed the show’s three major headliners: Bruce Springsteen, Paul Simon, and Jennifer Hudson. On Thursday, the mayor said there will be four additional free concerts, one in each borough, as part of a weeklong celebration dubbed “Homecoming Week.”

“I am issuing a FOMO alert,” de Blasio said during a press briefing on Thursday. “Unless you want to spend the rest of your life saying, ‘oh my god, I missed it,’ you should get to New York City in the month of August.”

The city is partnering with the Universal Hip Hop Museum to produce the four additional concerts. During the press conference with the mayor, Rocky Bucano, the executive director of the museum, said the concerts will feature a variety of musical genres, including Hip Hop, Latin, freestyle, dance, R&B, techno, and funk.

“Just like Hip Hop music triumphantly emerged originally from the tumultuous ’70s, the Universal Hip Hop Museum is proud to produce a part of the NYC Homecoming celebration,” Bucano said in a statement. “Hip Hop culture reflects the mosaic that makes NYC, with its sound coming from all genres and spanning many communities. Working in partnership with the City and others, this is our love letter to music fans from all over NYC.”

Mayor Bill de Blasio speaks at the Global Citizen Festival in Central Park on September 23, 2017. Photo credit: Michael Appleton/Mayoral Photography Office on Flickr

Mayor Bill de Blasio speaks at the Global Citizen Festival in Central Park on September 23, 2017. Photo credit: Michael Appleton/Mayoral Photography Office on Flickr

The date and location of the Homecoming Week concerts are as follows:

  • Monday, August 16 at Orchard Beach in the Bronx

  • Tuesday, August 17 at Richmond County Bank Ballpark on Staten Island

  • Thursday, August 19 at the Brooklyn Army Terminal in Brooklyn

  • Friday, August 20 at Forest Hills Stadium in Queens

  • Saturday, August 21 at Central Park’s Great Lawn in Manhattan

According to the mayor, the four outer-borough events will lead to the grand finale of the Central Park concert, expected to have a capacity of 60,000 people. De Blasio last month tapped legend Clive Davis to produce the Central Park show.

Live Nation will be involved with the concert’s production and ticket sales. There will be vaccinated and unvaccinated viewing sections, with 70 percent of tickets designated for those fully vaccinated, as the mayor’s office told the New York Times. It’s not clear how many people will be able to attend the four additional concerts, or what COVID-related protocols will be in place.

The city’s “Homecoming Week” will serve as a weeklong celebration of New York City, as well as an affirmation of the city’s recovery following an awful year.

“This is going to be an amazing, memorable, once-in-a-lifetime week in New York City,” de Blasio previously noted.

In addition to the five free performances, Homecoming Week will include free movie screenings from Rooftop Films, Summer StreetsNYC Restaurant Week, cultural activities, and other events across the city.

200 East 57th Street, Unit 19A


200 East 57th Street, Unit 19A

MIDTOWN EAST, NEW YORK

$1,550,000

2 Bed  |  2 Bath | Co-Op


Step into the grand foyer, and you will immediately be transported into a breathtaking home with a massive open kitchen overlooking a separate dining area and a large living room with oversized windows. The windowed chef's kitchen has mint condition white Imperial Danby marble countertops, imported tile floors, stylish custom designer cabinets with soft-close drawers, a Franke sink and faucet, filtered hot water tap and garbage disposal. The stainless steel appliances include a new range and a refrigerator/freezer by Viking, a Miele dishwasher, Sharp below-counter microwave and a wine cooler. An elevated portion of the leathered Cosmic black granite countertop creates a wonderful separation of space while also serving as a functional seating area with room for three stools. There's an in-unit washer-dryer next to the kitchen. The dining area and living room offer a perfect layout for entertaining and relaxing.

The carpeted primary bedroom is massive with a fully built-out walk-in closet equipped with a built-in ironing station and a large en suite fully renovated bathroom featuring a double vanity with custom mirrors, a makeup mirror, a TV and a frameless glass shower. The second bedroom is spacious and has ample closet space and wonderful views of the city. The renovated second bathroom is directly across the hall and also serves as the guest bathroom. Both bathrooms have radiant heated floors with separate thermostats.

The apartment also features wide-plank custom-colored dark oak flooring, solid three-panel doors with custom hardware, crown molding, recessed LED high-hat lighting, all-new hardware, custom closets, and new wiring, switches and receptacles throughout. There are Hunter Douglass shades in the living room, and the new thermostatically controlled fan coil HVAC units in the living room and bedrooms are oversized for better heating and cooling. Enjoy custom wiring for five TVs with concealed cable boxes centrally located in the front door closet. The apartment can be delivered turnkey with the option to purchase furniture and houseware items.

200 East 57th Street is a full-service, 24-hour doorman building offering a fitness center, planted roof deck, private storage, bike storage, laundry room, and a discounted parking garage. Whole Foods Market is just down the block, and the world-renowned Madison Avenue and 57th Street shopping corridors are minutes away. New York's best restaurants surround the neighborhood, while Rockefeller Center and Radio City Music Hall provide unlimited entertainment options. Subway access is superb with 4/5/6, N/Q/R and E/M service nearby. Utilities and cable are included in the maintenance, and the building permits pets, pieds-à-terre, and washer/dryers can be installed. This is a MUST SEE apartment in a top-notch building!