Mother Nature in the City
The month of April featured both a Solar Eclipse and an Earthquake!
On April 5th, NYC experienced an earthquake with a magnitude of 4.8. I was sitting at my kitchen counter listening to an audiobook while in between calls when the entire building started to shake. I immediately thought the wind was blowing very hard but then soon realized it was something more! It was the first time I had ever felt the earth shake and I'm thankful to be able to have experienced it without any major detrimental impact to our city and its residents.
Only a few short days later on 4/8 (coincidence? I don't think so!) we had a solar eclipse. NY only featured partial visitability however it was an exciting week for us to feel 2 natural phenomenons just a few days apart.
Market Report
Buyer activity in Manhattan is on the rise, driven by growing acceptance of higher mortgage rates and an increase in all-cash financing. Pending sales (signed contracts) surged by 9.3% in Q1 compared to Q4 and 1.7% year over year, as buyers, eager to make a move, returned to the market.
There was a noteworthy spike in interest for ultra-luxury apartments priced above $20 million, with a 140% increase in signed contracts in this category.
Additionally, units featuring three bedrooms and four or more bedrooms saw significant upticks in pending sales, rising by 10.4% and 19.2%, respectively, compared to last year. Overall, pending sales experienced price appreciation, while closed sales saw price declines.
April Activities
Cherry blossoms in New York City have bloomed and are in full effect. The annual Cherry Blossom Festival at the Brooklyn Botanic Garden is a popular event that celebrates the blooming of these beautiful flowers. If the weather is kind, the blooms will last into the first days of May.
Another exciting April feature is the start of baseball season. Whether you're a Mets fan or Yankees fan, you can visit a baseball game nearly everyday until October. Get yourself a hot dog and enjoy the ballpark!
Property of The Month
201 East 79th Street #16I
Presenting a chic two-bedroom, one-bathroom retreat on an enviable high floor of a modern cooperative building at 201 East 79th Street, nestled in the heart of the Upper East Side. This residence boasts a thoughtfully designed layout, featuring a spacious living room flooded with natural light from expansive east-facing windows. Revel in the sophistication of brand new 7 1/2-inch hardwood floors, complemented by high lofty ceilings and abundant storage options.
Embracing a contemporary aesthetic, 201 East 79th Street just completed a comprehensive renovation, including a striking new porcelain facade, updated lobby, hallways, and garden enhanced amenities. common roof deck. Residents enjoy the convenience of a 24-hour doorman and concierge, live-in manager, central laundry, cold storage, bike storage and on-site parking and more!dough, great coffee and tons of fresh produce.
