TOWN Data | Location Report 6/29

The old adage rings true, location is everything. In New York City, we have the world’s greatest amenities – from parks and cultural destinations to express transportation and premier shopping – right outside our door. It is with this in mind that TOWN shares the Location Report, the latest amalgamation of data intended to keep you up-to-date and ensure you make the most informed decisions.

As of 6/29, the current average price of a Manhattan condo apartment was $3,117,946.

Within three blocks of these sought-after amenities, you can expect to pay:

Around TOWN | The Summer Guide 2017

For many New Yorkers, summertime is an opportunity to jet set – whether to the nearby Hamptons or to faraway European destinations. For those of us who stick around, however, there are plenty of activities to fill your schedule with. From outdoor movie nights in the park and tasty ice cream spots on every corner to riveting art displays and star-studded concerts, you may never have a dull moment if you plan accordingly. And everyone who has had the opportunity to witness a 4th of July fireworks display over the East River knows that there’s simply nothing like it.

TOWN has put together this guide to feature the city’s best events and destinations, including tasty brunch spots, worthy charity events, and cultural opera performances. Enjoy everything the city has to offer this summer, and please let us know if you have any questions about the New York City real estate market or how we can assist you. In this guide, we have included short links to easily reference the details about the event.

Events | Fourth of July in the City

Each year, Americans around the country gather on July 4th to celebrate the birth of our nation. Without a doubt, everyone’s favorite Independence Day pastime is watching fireworks, and New York City offers that and so much more. These top 5 picks for spending the holiday in the city are sure to spark your patriotic pride as you give three cheers for the red, white, and blue!

1. Macy’s 4th of July Fireworks

Easy River display

Image Courtesy Macy’s

New York’s iconic skyline will ignite with an explosion of color and light at Macy’s 41st annual fireworks display over the East River. Some of the nation’s greatest musical acts, including country music artist Craig Campbell and Grammy and Tony Award winner Heather Headley, will take part in this year’s festivities, which will be broadcast live on NBC at 8:00pm ET. With terrific Manhattan views, the best vantage point for catching this year’s festivities is undoubtedly Brooklyn Bridge Park, so get there early and claim your spot!

2. 4th of July in Coney Island

Luna Park

Image Courtesy Luna Park NYC

Brooklyn’s famed Coney Island celebrates our nation’s birthday with a fireworks show right on the beach, offering a fun and less crowded alternative to the Macy’s display. Other activities include Nathan’s Famous Hot Dog Eating Contest and the New York Aquarium.

3. Midsummer Night Swing

Damrosch Park at the Lincoln Center

Image Courtesy Lincoln Center

Lincoln Center’s Damrosch Park lights up on July 4th for an evening of music and dance. The annual al fresco dance-a-thon celebrates the music of Louis Armstrong, Duke Ellington, Jelly Roll Morton, and other jazz greats with David Oswalt’s Eternity Band. Get ready to dance the night away by coming early and taking a free Lindy Hop class. Tickets begin at $17.

4. LIC Flea and Food

5-25 46th Avenue, Long Island City

Image Courtesy LIC Flea & Food

This free, open-air bazaar in Long Island City offers retro wares, antiques, delicious eats, and stunning views of Manhattan’s iconic skyline. Enjoy wood-smoked barbecue and libations from the all-Queens beer and wine garden while you watch the firework displays light up the sky!

5. Travis Parade

PS 26, Staten Island

Image Courtesy The New York Times

Now in its 107th year, Staten Island’s Travis Parade is an old-school American celebration of patriotism. This year’s march will be led by Assemblyman Michael J. Cusick, kicking off with a ceremony at noon in front of PS 26. Be sure to join in the festivities, rain or shine!

TOWN Data | Contract Signed Report 6/27

An authoritative source on Manhattan’s Luxury Market, TOWN Residential is pleased to share the Contract Signed Activity Report, an up-to-the-minute report of the last week’s activity broken down by neighborhood and price point. 

During Week 26, June 19 through June 25, 240 contracts – comprised of 114 co-ops, 116 condos, 3 condops, and 7 townhouse – were signed in Manhattan. 

Of the units in contract, 63 were priced from $1,000,000-$2,000,000 and 64 were priced from $2,000,000-$5,000,000 with an average days on market of 86 and 133 respectively. 

Please click through for a neighborhood by neighborhood analysis.

Food News | Eating Your Way Through Major League Baseball

America’s favorite pastime collides with delicious eats this summer at Citi Field and Yankee Stadium. Regardless of how your team is doing, you’ll never strike out with these top picks interspersed throughout each stadium. In between innings, be sure to stop by one or two of these restaurants and vendors, which include everything from old-timers’ standbys to newcomers’ home runs.

Citi Field

1. Bash Burger

Section 135

Image Courtesy Mets Insider

This casual burger restaurant from Chef Josh Capon features three burger choices, including its namesake topped with onion and bacon jam.

2. Fuku

Section 102

Image Courtesy Citi Field

Celebrity chef David Chang’s restaurant specializes in fried chicken sandwiches.

3. Milk Bar

Section 102

Image Courtesy Twitter / @milkbarstore

While at Fuku, grab dessert at the Milk Bar bakery, serving up unique cookie creations with flavors like pretzel and potato chip, plus their signature cereal milk soft serve.

4. Nicoletta

Section 141

Image Courtesy Mets Insider

Chef Michael White’s Italian eatery offers pizzas, signature parmesan heroes, mozzarella sticks, and soft serve gelato.

5. Papa Rosso

Section 141

Image Courtesy Christine Brown

This casual pizza restaurant features Neapolitan-style pizza with a crispy crust, made with imported Italian and local ingredients.

6. Arancini Bros.

Section 104

Image Courtesy Arancini Bros.

For authentic Italian rice balls, there’s no place like Arancini Bros. The variety of flavors offered changes daily, and often includes carbonara, chicken & fontina, and Philly cheesesteak.

7. Blue Smoke on the Road

Section 140

Image Courtesy Blue Smoke

This spot offers American South barbecue classics like pulled pork and brisket sandwiches from Chef Jean-Paul Bourgeois.

8. Daruma of Tokyo

Section 105

Image Courtesy Newsday

The Japanese eatery lets you sample edamame, sushi, lobster rolls, and Asian salads while you watch America’s favorite pastime.

9. Mama’s of Corona

Sections 105 & 415

Image Courtesy AMNY

Mama’s is an Italian-style spot that offers roasted turkey with mozzarella, as well as cannolis and cupcakes.

10. Bao Haus

Promenade Club

Image Courtesy Good Food Stories

Eddie Huang’s popular bao shop offers his three most popular buns, including the Chairman Bao stuffed with pork belly and crushed peanuts. What combo is more baseball-oriented than that?

Yankee Stadium

1. Mighty Quinn’s

Section 133

Image Courtesy The Restaurant Fairy

For authentic and casual slow-cooked barbecue paired with delicious sides, you can’t go wrong with Mighty Quinn’s.

2. Bareburger

Section 132

Image Courtesy AMNY

This eco-conscious burger chain offers beef, veggie, and game patties, topped with a variety of flavors and pairings.

3. Lobel’s of New York

Sections 134 & 321

Image Courtesy AMNY

Watch as world-class butchers cut your UDSA prime steak sandwiches and prepare the ultimate steak fries with gravy at Lobel’s, where you’ll find the pinnacle of comfort food.

4. Parm

Section 104

Image Courtesy Parm NYC

This casual Italian-American sandwich shop serves a famous chicken parm and Italian hero.

5. Hale and Hearty Soups

Section 126

Image Courtesy Hometown Provisions

For a healthy alternative, stop by this soup and sandwich shop, and still make it back to your seats in time for the next inning.

6. Melissa’s Farmers Market

Gate 4

Image Courtesy The New York Times

This food stand resembles a premier farmers market with its fresh fruit and veggie-filled salads.

7. Linda’s Egg Creams

Section 202

Image Courtesy NY Daily News

This vendor offers homemade egg creams in chocolate, vanilla, and coffee flavors, plus another that rotates daily. It’s the perfect drink to wash down your field-side hotdog.

8. Chicken and Waffle Carts

Gate 6

Image Courtesy AMNY

Get your team-branded waffle sliders with perfectly seasoned chicken at Yankee Stadium’s chicken and waffle carts.

9. New York Yankee Steakhouse

Gate 6

Image Courtesy NYC Go

It doesn’t get any more official than this! The steakhouse serves dry-aged USDA prime steaks, fresh seafood, and first-rate wine and spirits.

10. The Mozzarella Joint

Section 201

Image Courtesy Mozzarella Joint

This staple sandwich concession shop offers fresh-pulled mozzarella sandwiches with mixed veggies, like The Mozz.

TOWN Data | Building Amenities Report 6/26

New York City’s top buildings offer a range of amenities so extensive that residents might never have to leave home. Seasoned Representatives and savvy buyers know the importance of staying up-to-date on the latest amenities and top-notch services that buildings offer, from rooftop lounges to gyms or five star services, children’s playrooms, and more. With this in mind, TOWN is proud to provide you with the Building Amenities Report, the latest amalgamation of data intended to bolster your knowledge of the city’s greatest amenities as they correlate to recent sale prices.

As of 6/26, the current average price of a Manhattan condo apartment is $3,122,473.

In buildings with these amenities, you can expect to pay:

Architecture News | 2017 Excellence in Design Awards

The New York City Public Design Commission teamed up with Mayor Bill de Blasio to select eleven architectural projects as winners of this year’s Awards for Excellence in Design. Now in its 34th year, the award recognizes projects across all five boroughs that “exemplify how innovative and thoughtful design can provide New Yorkers with the best possible public spaces and services and engender a sense of civic pride.” We’ve compiled a list of some of this year’s standouts. For the full list, read here.

1. Treetop Adventure Zipline and Nature Trek

Architect: Tree-Mendous

Image Courtesy NYC Office of the Mayor / ArchDaily

As renderings reveal, the Treetop Adventure Zipline will bring new energy to the experience of visiting the Bronz Zoo. The structure rises 45 feet above the Bronz River and invites participants to zip across via 375 feet of zip-line cable. The fun and exciting experience has been designed to target a new active audience and raise awareness of the importance of protecting our natural world.

2. Greenpoint Library and Environmental Education Center

Architect: Marble Fairbanks + SCAPE Landscape Architecture

Image Courtesy NYC Office of the Mayor / ArchDaily

The new Greenpoint Library and Environmental Education Center is a much-anticipated addition to Brooklyn and a triumph of innovative sustainable architecture anywhere. Replacing an outdated one-story library, the new structure has been designed to strike a balance between indoor and outdoor space for both library and environmental programming usage. Visitors of all ages will be accommodated by its reading rooms, public meeting rooms, large community events space, and lab space for interactive projects. The library also carries a LEED Silver certification for its innovative approaches to sustainability.

3. FIT New Academic Building

Architect: SHoP Architects + Mathews Nielsen 

Image Courtesy NYC Office of the Mayor / ArchDaily

FIT’s new transparent glass academic building will stand at the campus’ northern edge and reflect the college’s commitment to openness and continuous community engagement. Inside its ten stories and 110,000 square feet, the building will include smart classrooms, textile labs, and administrative offices, as well as the first dedicated student life hall on campus in nearly 20 years. The design masterfully reflects the school’s mission to welcome the public and its vision to exchange ideas across many platforms.

4. Woodside Office, Garage, and Inspection Facility

Architect: TEN Arquitectos + W Architecture and Landscape Architecture 

Image Courtesy NYC Office of the Mayor / ArchDaily

Any reduction of traffic congestion is a win in our book! Tasked with serving upwards of 13,500 taxis, the renovated Woodside facility will not only expand the existing eight-lane garage but also reconfigure its base level to create additional lanes and improve traffic flow on the nearby roadway. Above the garage will rest a louver-screened structure to host increased office space for staff, with strategically placed windows for optimal sunlight and views.

5. The Cubes Administration and Education Building

Architect: LOT-EK

Image Courtesy NYC Office of the Mayor / ArchDaily

Coming to the heart of Socrates Sculpture Park is a new 2,640-square-foot structure comprised of 18 shipping containers. The Cubes Building will ultimately become the permanent home for all Socrates Sculpture Park administration and programming, and stand as a testament to the park’s commitment to revitalizing historic design while presenting fresh, contemporary public art, as well as fostering environmental stewardship and community.



TOWN Data | Week in Numbers 6/23

TOWN Residential is proud to share the Week in Numbers, a clear-cut amalgamation of data intended to keep you up-to-date and ensure you make the most informed decisions.

During the 25th week of 2017, June 15 through June 22, both the average sales price and rental price decreased by -0.4 and -0.2% respectively.

TOWN Data | Location Report 6/22

The old adage rings true, location is everything. In New York City, we have the world’s greatest amenities – from parks and cultural destinations to express transportation and premier shopping – right outside our door. It is with this in mind that TOWN shares the Location Report, the latest amalgamation of data intended to keep you up-to-date and ensure you make the most informed decisions.

As of 6/22, the current average price of a Manhattan condo apartment was $3,132,127.

Within three blocks of these sought-after amenities, you can expect to pay: