What is luxury? This is luxury. Here we take a look at 12 new real estate developments in Manhattan that vary in size, style, location, and type of development – and compare them against one another. The buildings we have looked at are The Apthorp, Carlton House, One57, 10 Madison Squ
The Manhattan listing inventory can be very volatile when certain segments of the market deviate from overall market trends. The chart from Miller Samuel helps provide some context. The sale of studio and one bedroom apartments in 2010 helped wake the luxury market and spur the Year o
This luxurious, rarely available 3-bedroom/3.5 bathroom, 2,512 square foot residence is located in the Tower at 15 Central Park West. It is situated on the northwest corner of the 15th floor with partial Central Park views. The gracious foyer with Venetian plaster walls leads to the e
We are pleased announce that Mercedes Berk has helped a seller at 15 Central Park West achieve the highest ever dollars-per-square foot for a non-park-view apartment. Apartment 7K, a 1,026 SF, one-bedroom, 1.5-bathroom apartment with city views has just closed for $5.205M, or $5,073/S
Once again, Mercedes/Berk ranks among the top boutique real estate firms as the number five firm on The Real Deal’s 2013 list. Mercedes/Berk jumped to No. 5 in the rankings this year, up from No. 10 last year, with its listing volume increasing to $38.2 million year-over-year fr
In the search for value, New York remains a top performer in the World’s luxury residential market. As markets worst hit by the global financial crisis and credit crunch appear to at long last be recovering, New York continues to serve as a safe haven for residential investment.
Manhattan is no stranger to a short supply of homes. This year however, has been an outlier in terms of shortages: there simply is no inventory. The supply-demand dynamic in the Manhattan housing market is currently skewed. A healthy demand for homes from both domestic and foreign buy
One of the most striking new condominiums to appear in years has started its sales of units pre-construction. The all-glass condo tower, 35XV by Alchemy, will transform the Ladies’ Mile neighborhood. Rising nearly 300 feet high, the building will offer 55 residences ranging from
The Luxury Real Estate Market Year in Review As we look back at 2012, it was not a record year in terms of the number of sales, but there was a tremendous outpouring of 8-figure transactions. 2012 was the “Year of the Trophy Sale”. There were even a number of signed contracts above $9
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The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own qualified advisor, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. Each Engel & Völkers brokerage is independently owned and operated.