Sales Keep Rising

Although the third quarter of 2013 ended with low inventory, the sales kept rising. The number of sales was at a 30% increase from the same period last year. With the market being so competitive, 44.2% of units sold at or above their asking price. With such a competitive market, the pace is extremely fast with a 3.6 month absorption rate.

 

If you are looking to purchase an apartment, we highly recommend moving quickly as most apartments these days receive multiple offers within one weekend of being on the market. One of the best ways to prepare yourself is to speak to a mortgage broker and have your preapproval letter in hand.

 

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Mercedes Benz + Monaco Yacht Show

Introducing the Mercedes Benz Arrow460. This stunning yacht was just revealed at the Monaco Yacht Show last week as a concept design. Inside is an open-plan area with a dining table and bed that slide into position when needed. The side windows slide open and the front is able to be raised allowing for comfortable seating. The special glazing automatically controls light penetration depending on the intensity of the sun.

 

Set to be delivered in early 2015, this luxury yacht will only put you back $1.68 Million. If anyone happens to buy one, please let us know, we would love to take a ride!

 

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Making Studios Luxurious

This apartment, designed by architect Rick Joy, is such a clever use of small space. It goes to show that ANY space can be transformed into a luxurious apartment with the right materials and design. We love the clever way that the table and the arched light separate the bedroom area from the living room.

 

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Penthouses for Tiesto

 

Contact us for more information about this property

 

The newest celebrity looking for a downtown penthouse- Tiesto! And this one happens to be right next to our office at 684 Broadway. Listed for $7.65 million, this 3 bedroom, 2.5 bathroom co-op has 3,200 square feet of interior space as well as 2,200 square feet of outdoor space complete with an outdoor shower. The penthouse has three exposures along with high ceilings and a sound system throughout. A true urban oasis located in NoHo.

 

Source: The Real Deal



250 West Generates $313M

250 West has topped The Real Deal's list of highest generating new developments in the first half of 2013. The boutique Tribeca condo has the highest sales volume with 93 units closed, totaling $313 million. With only a few units remaining-and one of those being the $42 million penthouse that is currently of interest to Leonardo DiCaprio- if you want an apartment here, you have to move fast. 

CRONUTS

One Beacon Court