May 2023

Mother’s Day

Every year for Mother's Day I host a big event. Typically, all of my clients and friends bring their kids. This year, I decided to leave the kids at home and hosted a wine tasting. We held the event at a beautiful private dining room in the Park Loggia- a new development where I had recently done some business. To get into the wine with us, I hired The Grape Escape - a dynamic duo who knowledgeably walked us through different types of wine. In my industry, my circle is EVERYTHING. So I really wanted to take the chance to thank all of the mom's in my network. My success is because of you!

Market Report

Cash is flying! Given interest rates are still up, all-cash deals make up a larger portion of the New York City market than at any time on record, accounting for 60% of condo sales in Manhattan this year. “When rates went below 3 percent, cash buyers started to finance their purchases,” recalled Steven James, CEO of Berkshire Hathaway Home Services. In September 2020, when the average 30-year mortgage rate was below 3% for a second month, Manhattan saw fewer all-cash condo deals than any month in recent memory.

Rent Your Look With Ronita!

I’m constantly standing in my closet thinking, “I have nothing to wear”. If you feel this way also, I found the solution. I just launched Retail with Ronnie! It’s essentially an unlimited clothing rental subscription service where you can pay a monthly fee to get access to a giant catalog of clothes. There’s a 30 day FREE trial to all new users. Let me know if you have any questions! I’m here to chat.

Property of the Month

131 West 122nd #4B

This apartment is in a boutique luxury condo located in a beautifully restored townhouse in the prime neighborhood of SoHa. It is a penthouse duplex situated on the top floor of the building, accessible via a three-floor walk-up. The unit boasts a contemporary glass construction with a stunning interior design.

This home also offers the convenience of an in-unit gas-powered WASHER and DRYER. 

Included with the apartment is a full storage room unit located downstairs, providing extra space for your belongings or seasonal items.

The townhouse condominium has only nine apartments in total, ensuring a sense of exclusivity and privacy. The building is well-maintained and impeccably kept, adding to the overall appeal of the property.

April 2023

Rent Your Look With Ronnie!

I’m constantly standing in my closet thinking, “I have nothing to wear”. If you feel this way also, I found the solution. I just launched Retail with Ronnie! It’s essentially an unlimited clothing rental subscription service where you can pay a monthly fee to get access to a giant catalog of clothes. There’s a 30 day FREE trial to all new users. Let me know if you have any questions! I’m here to chat.

2) Macy's Flower Show: Every year, Macy's transforms its Herald Square store into a beautiful garden with thousands of flowers on display.

3) Central Park: As the weather starts to warm up, Central Park becomes a popular spot for outdoor activities. You can rent a bike, go for a jog, or have a picnic on the Great Lawn.

4) New York International Auto Show: This annual event takes place at the Jacob Javits Convention Center and features the latest cars and trucks from all the major automakers.

5) Brooklyn Brewery: If you're looking for a fun night out, head to the Brooklyn Brewery for a tour and tasting of their locally brewed beers.

Market Report

Market Report 

Week of April 17th- April 23rd

A great measure of the fiscal climate in our city is the luxury market. Here are some stats: 

The Manhattan luxury real estate market, defined as all properties priced $5M and above, saw 22 contracts signed this week, made up of 17 condos, 4 co-ops, and 1 house. The previous week saw 19 deals. 

Average Asking Price: $8,032,273

Average PPSF: $2,834

Average Discount: 4%

Average Days on Market: 204

Pickleball in NYC

Pickleball continues to gain popularity as one of the fastest growing sports in America, and now it has a new home in New York City. City Pickle has brought 14 new Pickleball courts to Wollman Rink in Central Park. 
Open from 7AM to 9PM everyday, the courts will last through October 9th. 

Click Here to sign up and play!

Property of the Month: 316 Eckford Street

Greenpoint

Watch VIDEO here

Welcome to this exquisite renovated townhouse that offers luxury, comfort, and functionality all in one. This is the nicest single family home available in Greenpoint.

• Built 23 feet wide X 32 long (the lot is 25x72) 

• It is 4133 square feet without the finished basement

• 4 bedrooms // 4 bathrooms + 2 half baths

• Heated floors in bathrooms

• Laundry shoot on every floor

• Gorgeous landscaped garden + primary terrace + rooftop terrace with views of NYC.

• Custom built in storage throughout

• 4 wood burning fireplaces

• Built in projector for at home entertainment

See the full details

March 2023

Spring Activities in NYC

There is no shortage of fun Spring activities to enjoy in New York City. Check out some of these ideas:

1) Cherry Blossom Festival: The annual Sakura Matsuri festival takes place in the Brooklyn Botanic Garden and celebrates the blooming of the cherry blossoms. There are cultural performances, food, and drink vendors, and opportunities to view the blossoms.

2) Macy's Flower Show: Every year, Macy's transforms its Herald Square store into a beautiful garden with thousands of flowers on display.

3) Central Park: As the weather starts to warm up, Central Park becomes a popular spot for outdoor activities. You can rent a bike, go for a jog, or have a picnic on the Great Lawn.

4) New York International Auto Show: This annual event takes place at the Jacob Javits Convention Center and features the latest cars and trucks from all the major automakers.

5) Brooklyn Brewery: If you're looking for a fun night out, head to the Brooklyn Brewery for a tour and tasting of their locally brewed beers.

Market Report

Although it was less than previous weeks, a healthy amount of new listings were added to the market.

 During the week of March 20 - March 27 there were over 430 new listings to hit the market in Manhattan. The market's overall supply climbed by 2%. 

Based on all traffic at showings and open houses this last weekend, demand fell slightly. We can turn to both 

NYC schools being on Spring break and the nationwide bank issues to explain this pause.

What's Going on With The Banks?

Here's what you need to know and what it means for NYC real estate:

A few large banks that cater to the tech industry have collapsed after a bank run. It’s undeniably reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago. From March 10th-13th the U.S. seized financial institutions after a bank run on Silicon Valley Bank, based in Santa Clara, California. It was the largest bank failure since Washington Mutual went under in 2008. Signature Bank of New York has also been experiencing turmoil- a huge contributor to commercial real estate in New York.

At the same time, the bank industry’s struggles are likely to have a cooling effort on long-term mortgage rates, which had surged back above 7% by some measures as the Federal Reserve teed up more interest rates hikes.

Chen Zhao of Redfin said: “Buyers pounced when rates fell because they’re so volatile right now, which shows that there are plenty of people waiting in the wings for the right time to enter the market.” 

Property of the Month

201 East 66th Street #16C

Welcome to 201 East 66th Street Residence 16C. This two bedroom two bathroom home features excess natural light, modern open layouts, and custom built storage throughout..

Immediately through the front door is a lovely foyer. Upon entry, you are greeted with w closets including a walk-in oversized coat closet on the right. Directly opposite, you have two custom built floor-to-ceiling pantries. The beautifully crafted chef’s kitchen is equipped with the finest appliances; a Viking oven and microwave, Miele dishwasher, and SubZero refrigerator.

Next is the dining room and living space. The area allows for a large 10 person dining table. The living room has an entire wall of windows facing West toward 3rd Avenue.

Through the hallway are your two bedrooms. The first bedroom continues the wall of windows, comfortably fits a king bed, and has custom california closets. The guest bathroom features a soaking tub. And finally, the primary bedroom shares the wall of windows and custom california closets, while also housing an en suite bathroom. The primary bathroom is generous in size with has a North facing exposure allowing for ample light.

201 East 66th Street is a postwar building built in 1961 and converted to coop status in 1981. It is a full service building with a 24 hour doorman and is self managed. There are central air units in the apartments and the building has 2 passenger elevators and 1 service elevator. There is also a 24 hour attended garage. The board allows up to 65% of the purchase price to be financed and there is no flip tax. Small dogs are allowed. Washer/dryer allowed in the apartments with Board Approval. The building is located near shopping, restaurants, the Crosstown bus to Lincoln Center, and the Lexington Avenue subway at 68th Street.