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By Allan Erps | Agent in Nanuet, NY

    Posted Under: Home Buying in New York, Home Selling in New York, Agent2Agent in New York  |  August 18, 2014 4:19 AM  |  96 views  |  No comments

    The World's Most Expensive Home Is Up For Sale

    Tyler Durden's picture
    Submitted by Tyler Durden     08/11/2014


    Forget London's Mayfair, ignore New York's Central Park West; the world's most expensive home (on a square-foot basis) is at the exclusive Victoria's Peak neighborhood in Hong Kong. No. 1 Twelve Peaks is a 4,661 square foot home that, if sold for list, is valued at a stunning $22,675 per square foot... As WSJ notes, those interested in the latest listing will be encouraged to act fast: A buyer will be offered a 3% discount if a deal is made within five months.

    As WSJ China reports (h/t @jjasonchew ),

    In Hong Kong, luxury real estate prices keep climbing to the stratosphere.

    Developer Sun Hung Kai Properties 0016.HK +0.87% is listing House No. 1 at its new Twelve Peaks development located in the city’s exclusive Victoria’s Peak neighborhood at 819.1 million Hong Kong dollars (US$105.7 million). If a buyer pays full price, it would represent a cost of HK$175,735 per square foot and would be the world’s most expensive home ever sold on a per square foot basis. It would also be the most expensive home ever sold in the city.

    The recently constructed home spans 4,661 square feet, with four bedrooms, a private pool, a garden, rooftop terrace and a carport that can house two cars.

    Hong Kong has broken its share of records before. The most expensive home sold to date in Hong Kong was a 5,989 square-foot manse on 10 Pollock’s Path, also located on the Peak. That house sold for HK$800 million, or HK$133,578 per square foot, in 2011.


    Those interested in the latest listing will be encouraged to act fast: A buyer will be offered a 3% discount if a deal is made within five months. Sun Hung Kai is also offering the early-bird buyer a 11.75% rebate on the 15% buyer’s stamp duty.

    Discounts have lately become common practice in Hong Kong as developers hope to stoke lagging demand of new homes.


    Posted Under: Home Buying, Home Selling, Agent2Agent  |  August 15, 2014 1:49 PM  |  161 views  |  No comments
    • 1-cpw

      1 Central Park West

    • 100-la-salle

      100 La Salle Street

    • 571-academy

      571 Academy Street

    • 414-e-50

      414 East 50th Street

    • 1200-fifth

      1200 Fifth Avenue

    • steep-cheap

    • 1 Central Park West
    • 100 La Salle Street
    • 571 Academy Street
    • 414 East 50th Street
    • 1200 Fifth Avenue
    • steep-cheap

    Trump International Realty’s Susan James had the priciest single-family residential listing to hit the Manhattan market this week with a $14.9 million condominium at Trump International at 1 Central Park West in Lincoln Square.

    This 2,094-square-foot apartment, purchased in 2010 for $8.5 million, features three bedrooms, three bathrooms and oak flooring, according to the listing.

    Second on the pricey end this week is a $10.25 million six-bedroom duplex condo at Museum Mile at 1200 Fifth Avenue in Carnegie Hill. The 5,118-square-foot unit features six bedrooms, six bathrooms and a library. Carrie Chiang of the Corcoran Group has the listing.

    Third most expensive is a nearly $8 million single-family, five-story townhouse at 414 East 50th Street in Beekman Place. Toni Haber of Douglas Elliman has the listing.

    The cheapest listing to hit the market this week is a $199,000 one-bedroom Inwood condo at 571-579 Academy Street listed by Steve Stampleton of New Heights Realty.

    Second on the inexpensive end this week is a two-and-a-half-room studio co-op at 100 La Salle Street in Morningside Heights. Athena Witt and Victor Larroche of Douglas Elliman have the listing, for $225,000.

    Rounding out the week’s least pricey listings is a Murray Hill studio co-op at Woodstock Tower at 320 East 42nd Street asking $267,000. Weichert Realtors has the listing.


    Posted Under: Crime & Safety, Agent2Agent, How To...  |  August 12, 2014 2:56 AM  |  201 views  |  No comments

    Ten Steps for Staying Safe at an Open House

    Only one NewsReal story today, because it's an important one.  In Philadelphia this past week, a Realtor was carjacked, abducted, and sexually assaulted after an open house by two men who ultimately drove her car into a family -- killing three children.

    It's just about the worst story about real estate I've ever heard, and I wanted to share it with you not to scare you, but to remind you to be safe.  

    Here's a link to the story

    And here are NAR's ten suggestions for keeping safe at an open house:

    1. If possible, always try to have at least one other person working with you at the open house.
    2. Check your cell phone’s strength and signal prior to the open house. Have emergency numbers programmed on speed dial.
    3. Upon entering a house for the first time, check all rooms and determine several “escape” routes. Make sure all deadbolt locks are unlocked to facilitate a faster escape.
    4. Make sure that if you were to escape by the back door, you could escape from the backyard. Frequently, high fences surround yards that contain swimming pools or hot tubs.
    5. Have all open house visitors sign in. Ask for full name, address, phone number and e-mail.
    6. When showing the house, always walk behind the prospect. Direct them; don’t lead them. Say, for example, “The kitchen is on your left,” and gesture for them to go ahead of you.
    7. Avoid attics, basements, and getting trapped in small rooms.
    8. Notify someone in your office, your answering service, a friend or a relative that you will be calling in every hour on the hour. And if you don’t call, they are to call you.
    9. Inform a neighbor that you will be showing the house and ask if he or she would keep an eye and ear open for anything out of the ordinary.
    10. Don’t assume that everyone has left the premises at the end of an open house. Check all of the rooms and the backyard prior to locking the doors. Be prepared to defend yourself, if necessary.

    Posted Under: Quality of Life in Nanuet, Agent2Agent in Nanuet, How To... in Nanuet  |  August 9, 2014 6:57 AM  |  149 views  |  No comments

    Why You Should Start Keeping a Gratitude Journal

    The concept of gratitude once might have been considered "touchy-feely" or "new-agey." But when researchers started to study it, they were able to scientifically tie it to a variety of benefits, including feelings of hopefulness and optimism, better coping mechanisms for dealing with adversity, fewer instances of depression and addiction, and even exercising more and sleeping better.

    Researchers have found evidence that when we feel appreciation for someone or something, it results in a calming effect on the heart's electromagnetic patterns, which can, in turn, relieve hypertension and reduce the risk of sudden death from heart disease.

    Further, practicing gratitude in a way such as helping someone who has helped you activates the regions of the brain that produce dopamine and serotonin - the body's feel-good chemicals that promote feelings of happiness and well-being.

    "In short," says Dr. Blair Justice of the University of Texas School of Public Health, "feeling gratitude and appreciation on a regular basis helps heal us at every level of our being."

    Luckily, there is a simple way to start practicing gratitude in your life - write a gratitude list. This simple and powerful tool is the key to inducing feelings of gratefulness. Follow these steps and get started today.

    1. Decide where you want to keep your list - on your computer, a spreadsheet, on your phone, or handwritten in a notebook or journal.
    2. Set a realistic goal. Start with writing down five things you are grateful for. If you want to write more, you can, but work to always get at least five each day.
    3. Write down specific things (your favorite flower blooming in your garden) and abstract (the innocence of children).
    4. Settle for simple on a bad day. When everything is going wrong, you might have to focus on the basics - gratitude for a car that runs, a roof over your head, a spouse or pet who loves you
    5. Remember to make your list when you are facing challenges. This is perhaps the most important time to think about what you are grateful for.

    Posted Under: Agent2Agent in New York, Celebrity Homes in New York, How To... in New York  |  August 8, 2014 10:19 AM  |  154 views  |  No comments

    Million Dollar Stars: What it takes to be a reality TV broker

    The secrets for landing a cast spot on one of the industry's go-to shows

    August 01, 2014 

    By Sasha von Oldershausen

    The “Million Dollar Listing New York” cast’s antics generate criticism from some in the industry.

    The “Million Dollar Listing New York” cast’s antics generate criticism from some in the industry.

    Like most reality TV shows, “Million Dollar Listing” is rife with drama, broken allegiances and fake tans. But one critical factor sets the cast of young, intrepid brokers apart from the cast of “Jersey Shore”: They are some of the best in the business.

    “We’re looking for the smartest young agents, who are excellent at what they do, opinionated, and who are not afraid to let us in on the details,” said Jennifer Levy, Bravo’s executive producer of “Million Dollar Listing.”

    The series, which premiered with a Los Angeles cast and has since expanded to New York and Miami, follows a group of brokers as they navigate various high-stakes real estate deals. Although many in the business decry some of the shenanigans in the show as putting brokers in a bad light, it is popular. “MDLNY” ’s June finale drew 1.3 million viewers.

    How does a broker score a spot on such a show? On-screen presence is necessary, but Levy said that casting calls start with a broker’s track record.

    “We look at their listings, who their clients are, what they’re selling,” Levy said. You have to have a certain level of success.”

    Douglas Elliman Florida broker Chris Leavitt, one of the cast members on “Million Dollar Listing Miami,” which premiered in June, said he was handpicked by World of Wonder, the company that produces the show.

    “Between working in real estate for almost 20 years and being a top seller at my firm, I’ve been able to make a name for myself in the industry,” Leavitt said. “I’d like to think my vibrant personality, and being easy on the eyes, sealed the deal.”

    But Leavitt, 41, represents a minority among the brokers cast, most of whom have a considerably less experience.

    “Historically, the show has been about the Young Turks in the industry and how they are redefining the industry,” Levy said. The first season of “MDL Los Angeles” starred Josh Flagg, who was only 21 years old when the show premiered in 2006. And the three current cast members on the New York show — Ryan Serhant, Fredrik Eklund and Luis Ortiz — are an average of 32 years old.


    Posted Under: Market Conditions in New York, Agent2Agent in New York, Celebrity Homes in New York  |  July 29, 2014 1:45 PM  |  181 views  |  No comments

    The 20 most expensive buildings in New York City

    15 Central Park West tops the list with average apartment selling for $6,288 per square foot

    July 29, 2014

    By Business Insider


    20 most expensive buildings in New York City

    The 20 most expensive buildings in New York City and their residents

    CityRealty is out with its quarterly ranking of the most expensive condominium buildings in New York City, and billionaire fortress 15 Central Park West has once again taken the top spot.

    The building, home to a long list of bankers, celebrities and titans of business, including Goldman Sachs CEO Lloyd Blankfein and Sting, has held the top spot for a full year, with the average apartment there selling for $6,288 per square foot, and the highest-selling unit this quarter going for $8,556 per square foot, according to CityRealty.

    A former aide to the world’s wealthiest man, Carlos Slim, just sold a pair of apartments there for $29 million, according to the New York Observer. And earlier this year, a penthouse there sold for $48 million, making it the priciest sale of Q2.

    Overall, CityRealty found a sharp increase in the price of luxury condos in New York City over the past year. During Q2, 204 apartments were sold in the 100 buildings that make up the company’s index, at an average price of $2,333. That’s a 22 percent increase from the same quarter in 2013.

    Below, the top 20 condo buildings in New York City, according to CityRealty:


    Source: CityRealty


    Posted Under: Home Buying, Home Selling, Agent2Agent  |  July 25, 2014 2:23 PM  |  201 views  |  No comments

    Steepest, cheapest listings to hit Manhattan this week

    On the high end: An indoor basketball court. On the low: A bed.

    July 25, 2014

    • PC-FINAL

      From left: 151 East 58th Street and 834 Riverside Drive

    • 151-east-58th_1FINAL

      151 East 58th Street

    • 28-East-70th-St_2FINAL

      28 East 70th Street

    • 400-west-st_3FINAL

      400 West Street

    • From left: 151 East 58th Street and 834 Riverside Drive
    • 151 East 58th Street
    • 28 East 70th Street
    • 400 West Street

    The Corcoran Group’s Wendy Sarasohn and Jamie Joseph had the priciest single-family residential listing to hit the Manhattan market this week with a $32.45 million condominium at 151 East 58th Street in Midtown East. The 5,700-square-foot home on the 49th floor of One Beacon Court. The home boasts 11-foot ceilings throughout, and unobstructed views of Central Park, the Manhattan skyline, the George Washington, Triborough, Throgs Neck and Whitestone bridges. Each room is outfitted with floor-to-ceiling windows as well.

    Second on the pricey end this week is a $26 million condominium at 28 East 70th Street in Lenox Hill. The eight-bedroom, 7,500-square-foot prewar pad, accessed via key-lock elevator onto a private landing with a marble entrance gallery, includes a media room, library and master suite with dual baths and a dressing room. Stan Ponte and Dominic Longcroft of Sotheby’s International Realty have the listing.

    Third most expensive this week is a $21.5 million townhouse at 400 West Street in the West Village. The five-bedroom home features an elevator, rooftop terrace, teak wood hot tub, indoor basketball court and outdoor TV, as well as a kitchen with a wood-burning pizza oven, gas barbecue, wine cooler and beer tap. The private garage is decked out with a blue mural, and the kitchen and dining room are linked to a large landscaped outdoor space via a glass garage door. Douglas Elliman’s Raphael De Niro and Sara Dai have the listing.

    The cheapest listing to hit the market this week is a $110,000 restricted-sale studio co-op at 834 Riverside Drive in Washington Heights. The two-room pad features 10-foot ceilings, two oversized windows, a modern kitchen with new hardware and an updated tiled bathroom with a pedestal sink and new fixtures. A bed and air conditioner are included with the sale, and the property is located in an elevator building. Elliman’s Brian Phillips and Daniel Dolgicer have the listing.

    Second cheapest this week is a $189,000 restricted-sale one-bedroom co-op at 327 Pleasant Avenue in East Harlem. Located in an HDFC building, the unit includes hardwood floors throughout and an updated kitchen and bath. Alejandro Beitler of Citi Habitats has the listing.

    Third on the inexpensive end is a $199,000 studio co-op at 100 Park Terrace in Inwood. The only studio unit on offer in the building, the renovated property is located in an alcove of the building and features new kitchen appliances, cabinets, marble countertops, a new fridge and stove. Citi Habitats’ Elena Ravich and Antonio del Rosario have the listing.

    Julie Strickland

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