Let It Snow
After a 700 day snow drought New York City has continued to see some flurries. On the 16th and the 19th of the month the big apple got some snow for the first time since February 2022. The storm systems also brought frigid cold winds. Although not quite sledding weather the city was finally covered in a white dusting for a few hours.
On snowy days like we've seen there's a plethora of ice skating rinks you can hit in the city! Here are just a few:
- The Rink at Rockefeller Center
- Wollman Rink
- The Rink at Brookfield Place
- Glide at Brooklyn Bridge
Stay warm and stay active!
Retail With Ronnie
New year, new budgets, new wardrobe!
With the freezing cold temps it's hard to dress up and look cute while also staying warm. This winter is the perfect opportunity to take advantage of the rental subscription service Retail with Ronnie which offers 4 articles of clothing at a time at only $50/month. Check out the sweaters, blazers, and cozy winter dresses HERE.
Market Report
The average 30-year fixed mortgage rate fell to nearly 6.5% in the first week of 2024, after peaking at close to 8% in October. While mortgage rates will remain volatile, this lower rate suggests more homes are primed to enter the market this year at more affordable price points than what’s currently available.
Buyers are gradually gaining negotiating power, as the gap between sale price and initial asking price widens, particularly in Manhattan. The Manhattan luxury real estate market, defined as all properties priced $5M and above, saw 14 contracts signed this week, made up of 10 condos, and 4 co-ops.
Property of the Month
IN CONTRACT
8 East 63rd Street
Some say third time's a charm and in this case they were right. We were the third broker to take over this listing in the last few years of it being offered for sale. After receiving 3 offers and repositioning the property effectively through our online presence we were able to secure a deal this month. Following negotiations and discussions with both buyer and seller we are in contract with our trophy property. This story is one for the books and as soon as it closes we will disclose how we got this listing from a cold call.
