Tuesday, May 15, 2012

INDUSTRIAL CHIC: Inside look at Luxury Tribeca North Moore Street Properties (A TriBeCa legacy)

From the Neo-Renaissance style to cast iron architecture, take an off beat step on the cobblestone streets to view the bustle of low-key converted warehouses. While maintaining the classic authenticity of the nineteenth and early 20th centuries, the Tribeca neighborhood was the center of the textile/cotton trade.   By the 1960's industrial buildings were replaced with mostly empty commercial space which attracted artists who were looking to get away from the changing Soho, the Pioneers paved the way to the warehouse conversions into the Tribeca upscale residential spaces; combining the creative cache and maintaining the architectural and historic value of the neighborhood. 

Due to the vast living space and the seclusion, Industrial buildings were converted into high end luxury condos, The most covert and exclusive area of Tribeca is the Tribeca West Historic District (designated in 1991 and bounded by Reade Street, West Broadway, Hubert Street and Greenwich Street) home to many entertainment and sports celebrities who desire the comforts of ultimate luxury integrated with privacy: and most notably: North Moore Street which has become the most desirable block. North Moore was most recently referred to in Sunday New York Times April 19th article " Loading-Dock Chic on North Moore" has been able to hang onto the ambiance of the late 1800's from its steel loading bays, shaftways, cast-iron flourishes, canopies suspended with large-link chains and old signs carved in stone…from industrial zone to enclave of live/work artists to stomping ground of the rich and famous.
 
Tribeca West value is still ever increasing due to its limited inventory and desirability. Average price per sq.ft. in new boutique condo developments have increased dramatically.  Penthouse and Duplexes are especially desirable.
Outdoor space is at a Premium. For entertaining in style from lavish affairs to casual dinner parties, rooftop terraces are highly desirable. As loft lovers seek expansive and contiguous loft space there are many who seek the same in outdoor space…. And, only a few Terraces with planted outdoor space.  
From its chic restaurants, upscale shops, historic architecture combined with the residential seclusion from the commercial hustle and bustle, and the famous Tribeca Film Festival. And, ah the night life, chill and enjoy a glass of bubbly at the Bubble Lounge, caviar at Wolfgang Pucks.. Enjoy Sunday Brunch at Locanda Verde and jog along the Esplanade with your lab and stroller. Ah, the Esplanade at Pier 25 of the "Hudson River Park".  At the end of North Moore and docked on the north side of pier 25 of the "Hudson River Park"  stands, The Lilac, a steamship built in 1933  which is an historic icon.  Pier 25 also includes a skate park, playground, minigolf, beach volleyball, water taxi and more.
North Moore is also convenient to Holland Tunnel, Westside Highway and public transportation.
Enjoy a fabulous lifestyle amongst the celebrities, hedge fund managers and rock stars!
Enjoy expansive soaring ceilings, arch Windows, hardwood floors, wood burning fireplaces, exposed brick and blooming daffodils above steel girders.
On a block with…
Historic landmarks from end to end: a steam ship on one end of N. Moore and…its heating up as down the block:  hook and ladder #8 featured in the film "Ghostbusters"…
So who do you call?
For Tribeca West Luxury Properties…

Thursday, July 14, 2011

PRICE DROP!!! Convertible 2 bedroom at 530 East 76th Street"Promenade" direct river views and balcony! $895K

UNDER $900/SF! CONVERTIBLE 

2 BEDROOM WITH DIRECT

EAST RIVER VIEWS

PLUS BALCONY!  $895K

 

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The Promenade, 530 East 76 Street, Unit 9G

WEB#: 1249305

 

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Photo of property

View Full Listing

Location: Upper East Side

REDUCED!!! Upper East Side Luxury Apartment CONVERTIBLE 2 bedroom, 2 marble bath apartment with Breathtaking DIRECT East River Views. Enjoy watching the boats sail by from your own private BALCONY with access from living room and dining area. Oversized windows, high ceilings and sunstreamed. The kitchen features brand new stainless steel appliances. Washer and Dryer included. The Master bedroom with ensuite marble bath, custom closets, walk in closet adds to the ambiance of the beauty, elegance and serenity of this home. Pet Friendly! Perfect pied-a-terre. SEE VIDEO TOUR"The Promenade" is a luxurious full service Condominium building with twenty-four hour white gloved- doorman, concierge, porters, handyman, Live-in super, Top Floor Health Club and Gym with heated Swimming Pool, Outdoor Jogging Track, Roof Garden, Business Center, Children's Playroom, Large Party room available for Residents' Private Parties, Garage and more. Dont miss this opportunity! Showing times are being booked so please call NOW for Sunday appointment to view this incredible direct river view property!!

Click here to view complete listing information

Financing

Price:

$895,000

Maint:

$1,407

Taxes (Month):

$990

 

Details

Location:

Upper East Side

Type:

Condo

Rooms:

4

Bedrooms:

2

Bathrooms:

2 full

Approx Sq. Ft.:

1,007

LISTING AGENT
FOR AN APPOINTMENT CONTACT:

Robin Hudis
O: 212.891.7647
M: 917.968.4598
rhudis@elliman.com

 

 

www.elliman.com »

All data is deemed reliable but is not guaranteed accurate by the RLS or Douglas Elliman. See Terms of Service for additional restrictions.

All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, 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.

 

Tuesday, July 12, 2011

Second Quarter Manhattan Real Estate Market Overview 2011

2Q - 2011 MANHATTAN CO-OP and CONDO SALES
                         Thumbnail image of 2Q - 2011 MANHATTAN CO-OP and CONDO SALES 
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Robin Hudis Real Estate is proud to announce the manhattan market overview for the second quarter of 2011. Produced in conjunction with a leading independent appraisal firm, our market report series is the benchmark for residential real estate market information and an essential reference source for consumers, the media, financial institutions, government agencies, researchers and other market professionals. Each report provides an analysis of price and sales trends as well as many other metrics to give readers an idea of current conditions as well as historical and emerging market trends. Please call me if you have any Questions.

Also See Real Estate Market Reports for:

  • Westchester & Putnam



  • Miami






  • Thanks,
    ROBIN HUDIS
    Vice President Associate Broker
    DOUGLAS ELLIMAN Real Estate
    575 Madison Ave
    New York City, NY
    O: 212.891.7647
    M: 917.968.4598
    www.Elliman.com/RobinHudis

    Thursday, June 23, 2011

    History of Soho Loft Buildings -- New York, NY



    History of Soho -- New York, NY
     

    If you compare New York City’s Soho neighborhood with the Soho of more than a century ago, it’s as though you’ve been transported to another world.
    Soho was once a lush green pasture with farms and fileds. The world’s largest collection of iron-clad building facades would come along later.
    Lush Green Meadows: Soho’s Historic Past
    In the 1700’s, Soho had the highest vantage point in all of Manhattan. Located near Mulberry and Grand Streets, Bayard Mount was used as a training ground in the Revolutionary War by American spy Nathan Hale. He spent six months in Soho in 1776 building fortifications for George Washington’s army to defend New York City from the British.
    The land at Bayard Mount was owned by the wealthy Bayard family who immigrated from the Netherlands in the 1600’s. Frequently at odds with the British authorities in New York, the family’s estate was a large plot of land with a sweeping vista of lower Manhattan.
    Soho’s ‘Suburban’ Transformation
    In the middle of the 18th century, Soho became a suburban shopping enclave for Manhattan residents who truly lived downtown near Wall Street and the Battery. The transformation was spurred by Soho’s architectural renaissance into the world’s largest collection of cast iron commerical residential buildings.
    Soho’s cast iron buildings were built by a vareity of pioneers in urban architechture. Cast eventually became iron the metal of choice in the late 19th century. The material’s fire-resistant properties and tensile strength made it possible to erect large building facades at less cost than comparable stone fronts. The E.V. Haughwout Building on Broadway and Broome Street was a symbol of cast iron’s innovative use. Built in roughly a year’s time, it was home to what The New York Times called “the greatest china and porcelain house in the city.”
    More importantly, when the Haughwout Building opened in 1857, it showcased the New York City’s first passenger safety elevator. Created by the founder of Otis Elevators, this building feature enabled store patrons to go from floor-to-floor with speed and efficiency.
    Soho Was Home To Manhattan’s First Red Light District
    According to the authors Alanna Siegfried and Helene Zucker Seeman, the influx of foot traffic and business to Soho in the 1850’s had another effect on the neighborhood’s residents and buildings: Soho became home to New York City’s first red light district. Some of the neighborhood’s reported bordellos were, in the 1850’s centrally located in Soho at 119 Mercer Street and 76 Greene Street.
    In a stunning juxtaposition of how far Soho has changed, the house of ill repute formerly located at 119 Mercer is now home to a high-end day spa, the Soho Sanctuary, “designed for women by women who wish to restore health, beauty and vitality within.” The former Greene Street bordello was rebuilt by J.F. Duckworth in the early 1870’s as a French Second Empire style warehouse . The Greene Street address is now occupied by……a Starbucks.
    Manufacturing and Light Industry: Soho In The Industrial Revolution
    At the beginning of the 20th century, the Soho neighborhood had changed once again, earning a reputation as a manufacturing and commercial zone during the industrial revolution. The New York City’s population was exploding from immigration, and Soho was no longer a suburb of downtown Manhattan. Retail stores had gone further north, up Fifth Avenue and Broadway.
    Light industry and manufacturing companies using an abundance of available immigrant labor now occupied Soho’s cast iron district. Textiles (‘schmates’, in Yiddish), fashion accessories, and a variety of cheap household necessities were manufactured in Soho’s commercial lofts.

    Preservationists, Artists, and Architects Say: “No” to LoMEx
    Soho’s lofts and the largest collection of cast-iron buildings in the world might not be around today, if it wasn’t for the protests and political fight of preservationists, architects, artists, historians, and other Soho residents. Working together in the mid-1960’s, they protested New York City’s attempts under Mayor Robert Wagner to carry out a decades-old plan for constructing a ‘Lower Manhattan Expressway’ (‘LoMEx’) as a thoroughfare for heavy traffic from the Holland Tunnel on the Hudson River to the Williamsberg Bridge on the East River.
    The initial cost of LoMEx cost was estimated at $72 million. Of that, some $28 miilion was anticipated for assembling real estate parcels from private real estate owners via eminent domain — a legal process where the government takes private property for a ‘compelling’ public purpose.
    Artists lived in Soho’s lofts illegally. The raw commercial lofts were cheap, spacious. Pressured on many sides, the city eventually gave up on attempting to keep all of the Cast Iron District as industrial space, and in 1973 Soho’s Cast Iron District was designated a historic district by New York City’s Landmarks Preservation Commission.
    The historic district is officially bounded by Houston Street, West Broadway, Canal Street and Crosby Street. It is noted for the elaborate cast-iron architecture of many of its buildings, most of which date from the late 19th century. These buildings originally housed warehouses and factories. It is also noted for its cobblestone streets, which have all recently been repaved with the exception of Wooster Street and part of Howard Street.
    Artist Studios, Loft Apartments, and High-End Boutiques
    After the city abandoned LoMEx, was still left with a large number of historic buildings that were unattractive for the kinds of manufacturing and commerce that survived in the city in the 1970s. Many of these buildings, especially the upper stories which became known as lofts, attracted artists who valued the spaces for their large areas, large windows admitting natural light and dirt-cheap rents. Most of these spaces were also used illegally as living space, being neither zoned nor equipped for residential use, but this was ignored for a long period because the occupants were using space that would probably have been dormant or abandoned in the poor economic conditions of the era.
    One key figure in Soho’s renaissance is Tony Goldman, a visionary developer and CEO of Goldman Properties. Goldman purchased 18 Soho buildings in 1977. Perhaps one key to Goldman’s success is that he strives to maintain tradition, both philosophically and professional. “I always buy chai,” he told the New York Times. Chai is the Hebrew word for life, and something that he believes will “give him clout and the chance to make a lot of money if prices increase.” A key strategy of Goldman’s has been to seek unique, high-end commercial tenants that are boutiques or restaurants, or can infuse a lifestyle and ambience that will surround future residential re-development in the neighborhood.
    The Landmarks Preservation Commission was established in 1965 when Mayor Robert Wagner signed the local law creating the Commission and giving it special power to oversee the preservation of historic and architecturally significant New York properties.
    New York City’s Landmarks Law was also enacted in response to New Yorkers’ growing concern that important physical elements of the city's history were being lost. Events like the demolition of the architecturally distinguished Pennsylvania Station in 1963 and the preservation of Soho’s collection of cast iron buildings for commercial and residential purposes increased public awareness of a need to protect the city’s architectural, historical, and cultural heritage.
    That is what initially happened in Soho. Unfortunately, a stroll down Broadway between beteeen Houston and Canal Streets shows that other Soho property owners have not all followed suit. Stores like Victoria’s Secret, the Gap, and Banana Republic have contributed to the ‘mall-ification’ of some Soho areas.


    ________________________________________________
    Reference By: Soho-Loft .com

    Reposted By: www.elliman.com/robinhudis
    Robin Hudis
    RHudis@elliman.com
    Your Premir Real Estate Expert

    Friday, June 17, 2011

    Manhattan Loft Buildings




                 Within the confines of our age we yearn for originality and ingenuity. There seems to be a growing passion encompassing romanticism, lavish lifestyle fused with openn free movement, while invoking individual style. The "New York City Loft" unlike nost loft buildings erected in late 19th and early 20th century began as clothing factories and printing shops housed in cast-iron.  While lofts functioned as arenas for abstract expressionist production the loft was also an embryo for the new era in sculpture - minimalism. In soho the loft served as a catalyst. During times of urban renewal and radical change revealed large wonderful spaces with exposed  structural elements and fine american architectural detail. From minimalist as well as intricate design styles standing quiet strong prominence. Some Interiors contained high wooden or iron beamed ceilings, some with white plastered walls (grey and white interior). Raught iron curving stair cases and circular walls defining a world unsheathed and historically attractive.
    Join me from Tuesday to Friday as I explore and give reviews of some of my favorite lofts.

    Monday, June 13, 2011

    About The Manhattan Condominium

    06/13/2011


    A condominium is a form of home ownership in which individual units of a larger complex are sold, not rented. These units may be renovated apartments, townhouses or even commercial warehouses. Contrary to popular belief, the word 'condominium' does not apply to the type of unit itself, but the legal ownership arrangement. Any multi-unit structure can 'go condominium', meaning occupants must either vacate the premises or purchase their apartments outright.
    Those who purchase units in a condominium technically own everything from their walls inward. All of the individual homeowners have shared rights to most common areas, such as the elevators, hallways, pools and club houses. Maintenance of these areas becomes the responsibility of a condominium association. Every owner owns a share of interest in the condominium association, plus an obligation to pay monthly dues or special assessment fees for larger maintenance problems.
    A condominium arrangement is not the best option for every potential homeowner. There can be a noticeable lack of privacy in the common areas--the pool must be shared with every other condominium owner, for example. Those who would prefer to own all of their amenities and maintain their own lawn and garden may want to pursue single home ownership options instead of a condominium. It can also be more difficult to sell a condominium unit as opposed to a home with acreage. Condo owners only own their units, not the ground beneath them.

    Those who may benefit the most from condominium living are veteran apartment renters who don't mind having close neighbors. Others may not want to be bothered with external maintenance or the responsibility of lawn care. The overall price of a condominium townhouse may be much lower than an equivalent single-unit home. Buying a condominium does allow equity to build, unlike paying monthly rent in an apartment complex.
    One thing to be aware of when living in a condominium setting is the political reality of an owners' association. Decisions may be made in monthly meetings which will cost individual owners more money, but not necessarily deliver equal benefits for all. It can be nearly impossible to avoid being affected by at least one condo board decision, so active participation in meetings and discussions may be more compulsory than you might expect. Condominium living may be more advantageous financially than apartment rentals, but it does require more active participation in community events.

    When you're looking to buy a home, there are plenty of choices available. One of them is a condominium. As you may already know, a condominium is a large property complex that is divided and sold in individual units. Compared to a single-family dwelling, ownership in a condominium includes partial ownership in shared "common property". This presents unique challenges for condominium buyers. If you're considering buying a condo, read on to learn a little more about this type of property and what ownership entails.

    Quick Tutorial: How To Buy Your First Home
     
    What's a condo?In a condominium (commonly known as a condo) some parts - your residence - are owned privately, while others - common areas - are owned collectively by all of the condominium's residents.

    A less technical way to think of a condo is an apartment that you own. In practice, condos often take the form of an apartment or similar shared complex, but theoretically, a condo could physically look like anything.

    Condos are especially popular in places with high property values - vacation hotspots and urban settings are both places where you can expect to find them on the market. This is largely because buying a single-family home can be prohibitively expensive in places where additional building space may be scarce. As such, condos can open home ownership to whole new groups of people Therefore, if you're ready to own your own home, but can't quite afford a house, a condominium could be a way for you to get into the market.

    Searching for the Right CondoLooking for a condo involves the same process as shopping for a single-family home. If you have a general idea of what you're interested in, going to a real estate agent can be a great way to find out about properties that you might not be able to find on your own.

    If you're more of a do-it-yourself person, you can search real estate websites and listings for condos in the area you are interested in. If you have a specific building or complex in mind, many offer on-site sales offices where you can learn more about the condominium and perhaps even view a show suite.

    The Condo Sales ContractIt's not just the sales contract that you have to think about when you're buying a condo; condos also have an agreement, or declaration, that dictates the way the condominium operates and is governed. Before buying your condo, you should request and read the documents that apply to the management of the complex. What are the hot issues for this complex? How big is the condominium's reserve fund? How does  management deal with owners' requests and complaints? Does the condominium impose strict rules and guidelines on owners that you would be unhappy with? You need to get a sense of whether the condominium you are considering is well run, whether the rules and restrictions would allow you live the lifestyle you're seeking and whether the building/complex is experiencing any problems that could hurt the value of your share of ownership in the future.  

    Keep in mind Real Estate Laws Vary By State. Ask or Call Robin Hudis for all your Manhattan or Long Island Real Estate Needs!

    www.elliman.com/robinhudis


    Reference:

    Picture By: BRYANT PARK TOWER

    http://www.wisegeek.com/what-is-a-condominium.htm

    http://www.investopedia.com/articles/pf/07/buy-condo.asp#axzz1PB98dH7P