May 2024

Mother’s Day Event

It's a time to celebrate the selfless love, unwavering support, and boundless sacrifices that mothers make every day.

This year, our annual Mothers Day Soiree was at the Park Loggia Lounge. It included incredible vendors like Shop VSRA for home accessories, Rosy Blu Diamonds, and Kidiliz - a European brand of childrens clothing and accessories. Thanks to all our friends and clients who came to support our team!!

Market Report

Another Compass breakthrough! We've closed over 38,000 transactions in Q1, an increase of 7.1% year-over-year. We grew our national market share considerably in Q1 2024 to 4.76% and grew our revenue by 10% year-over-year delivering $1.05 billion in revenue and sales volume of $40.1 billion. Compass was free cash flow positive in Q1 2024.

Rooftop Cinema Club

Want to experience something new? Visit The Rooftop Cinema Club in Midtown this summer!

Arrive early to take in the views and play games with the city as your backdrop. Select your seats, grab a drink and a snack on classic cinema concessions. When the film, begins, you'll be able to live completely in those movie moments with personal headphones and an amazing view of the big screen.

Check out the schedule of movies and dates here.

CROWN HEIGHTS

1078 Carroll Street

6 BD 3 BA 4317 SF $2,200,000

So happy for our buyers who are in contract on this amazing property! With over 10 parties at the first open house, we moved quickly and were able to solidify a deal. Brooklyn is on fire and if you are in the market to buy - working with a broker can make a huge difference in this competitive market.

1078 Carroll Street is beautifully renovated semi detached 2 family with many original details intact. There are stain glass windows throughout as well as original moulding coffered ceilings and parquet floors. The kitchens and baths are modern and beautifully designed in keeping with the buildings original style. The English basement receives lots of light, has windows throughout as well as a separate entrance. It is unfinished and is an opportunity to create even more living space. The house comes with a separate two car garage accessed by a private alley for the residents of Carroll St and their Crown St. neighbors. What a Gem!!

April 2024

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! 

Yankees Schedule 

Mets Schedule 

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. 

March 2024

Market Report

Market Report

As we enter the busy season here is our advice for sellers and buyers with help from research done by Urban Digs:

The peak listing period runs from March to June. Despite a decline in prices in 2023, the market is showing signs of rebound. Supply is tight, but new listings are expected to change that. Sellers should take advantage of the seasonal uptick in contract activity, but keep price expectations realistic. While the market may have improved, it's likely only a partial recovery, resulting in a balanced market at best. Nonetheless, these conditions are favorable for sellers.

Buyers should be aware that seller leverage may have peaked. While prices still favor buyers compared to last year, expect more competition and less flexibility from sellers. Deals are still available, but there is increased urgency. The market is likely turning around, so buyers should adjust their approach accordingly.

Easter in NYC

Show up with your most lavish hat at St. Patrick's Cathedral at 10am for the Easter Bonnet Parade and Festival.

2. Brunch is always a good idea and TimeOutNY has a list of the best Easter Brunch's in NYC - click here.

3. SpringTopia at the Seaport - Head over to Seaport Square and the rooftop at Pier 17 from 11am-2pm on Saturday, March 30 for a kid-centered Easter festival that includes dancing sessions, face painting, wreath-making, egg races, Easter bunny photo-ops and more.

4. Children's Museum - Join the Children's Museum of Manhattan for a weekend of museum-wide egg hunts, papier-mâché Easter Egg decorating sessions, basket weaving classes, bunny head band arts-and-crafts sessions, and much more.

5. Adult Easter Egg Hunt! Don't let the kids have all the fun. This adult Easter egg hunt kicks off with cocktails. In addition to re-experiencing the childhood glee of scavenging for colorful eggs, you'll also get the chance to win prizes.

6. Plaza FunThe Plaza Hotel is gearing up for an egg-celent week leading up to Easter Sunday, starting with a series of afternoon tea hours starting March 24 until March 31 from 10am-4pm. The afternoon tea service will take place in the hotel's Palm Court, and will include a selection of Easter-themed pasties and sandwiches. 

Its (almost) time to put your jackets away and bring out the Spring Fashion! Once 60 degrees hits I always find myself changing out my closet and what better way to add to the inventory then with a subscription to Retail with Ronnie. For only $50 a month you are able to receive 4 articles of clothing. The best part is you don't have to commit long term, can cancel at any time and the first month is free! 

Check it out www.RetailwithRonnie.com

Property of The Month

201 East 79th #16I $999,000

JUST LISTED - This Oversized 1 bed with optional 2nd bed has a separate kitchen, formal dining, and east facing living room. With brand new floors this apartment is perfect for the first time buyer looking to have a place to grow into with a new baby or office space. 

Located in prime Lenox Hill this building has gone through a HUGE transformation for the new owners to enjoy.