March 2019

THE LEGACY OF LAGERFELD

   On February 19, we had to say goodbye to one of the most influential icons in the fashion industry. Fashion designer, director, and photographer, Karl Lagerfeld was a true legend who changed the world of fashion. During his career, he worked and created relationships with some of the best designers including Yves Saint Laurent and Pierre Balmain. He served as the creative director of Fendi and Chanel, as well as his brand, Karl Lagerfeld. His classic, effortless, eclectic style was brought to life through his craft of design.

   Mr. Lagerfeld created much more than just fashion, he created a lifestyle. A Chanel bag is not just an accessory, it's a status symbol. I (Ronnie Kalra) believe no matter what your age, a Chanel is a classic staple piece to have in your closet. Where I live, on the UES it’s almost part of the uniform! Whether you’re a working mom, stay at home mom, a single gal, it seems everyone can agree that a Chanel bag is a must! It’s an NYC girl must-have.

As I stare out the window of my real estate office in Manhattan, I can see a Chanel and Fendi store on Madison Avenue right next to one another. I cant stop but reflect on how this man changed fashion...He made high end fashion; casual everyday wear. From woman running to work in their Chanel sneakers, to going to grocery shop in their favorite Fendi scarf, high end fashion is no longer just for a fancy night out. Karl Lagerfeld has left his mark on fashion for a lifetime, he will be missed!

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AMAZON NOT COMING TO LIC

 

   With the Long Island City Amazon deal dead for New York City, is it a good time to invest in the area — in terms of real estate?  Yes, and it will only get better for investors and families investing in real estate in Long Island City. Previously we had written that while the Amazon deal was active, you would get a better return on investments by purchasing homes not directly in Long Island City.  Shortly after the Amazon plans were announced, there was a dramatic spike in interest in the area, properties in contract, and an increase in prices. There was also an increase of properties listed by owners at premium prices hoping to cash in with the red hot New York City real estate market.  Now with the plans scrapped, the frenzy has died down, and cooler heads have started to prevail.
 

  So why invest now and in the future?  Because Long Island City i(n Queens) is a great long term investment.  Amazon's choice wasn't a fluke and investors, and future homeowners should take note of that.  The publicity from the deal put Long Island City on everyone's radar and highlighted all the great real estate possibilities for the future.   We expect that prices will come down slightly and stabilize in the immediate future due to the abrupt cancellation but then expect steady growth as Long Island City cements itself as an affordable, lovely neighborhood.  Contact Ronita Kalra and Brenda Rau if you have interest in purchasing, selling, or would like more information about Long Island City.

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The Sub Million Dollar Market

Upper East Side
 

   Welcome home. When you walk into this spacious 1 bedroom apartment in New York City, the first thing you notice is the open updated windowed kitchen and large living and dining room. This well appointed 1 bedroom home has a king size master with north facing windows, through the wall heating and cooling and an oversized walk-in closet. The building is a full-service pet-friendly NYC cooperative with a full-time doorman and updated gorgeous lobby. There is a roof deck, laundry center, live-in super, bike room, and attached garage. Don’t you just love real estate in the upper east side of NYC.


315 EAST 69TH ST, 12C - UPPER EAST SIDE, NEW YORK

315 East 69th Street, 12C
Price: $750,000
1 Bedroom / 1 Bathroom
Full Time Doorman

Upper West Side
 

   Apartment 1B has 9-ft coved ceilings and herringbone floors throughout and has been upgraded for 2019 living! This renovated custom kitchen includes a baker’s dream Verona pro-style range with European convection oven and warming drawer, a high-end Bosch refrigerator, and dishwasher plus a farmhouse sink, custom floor-to-ceiling cabinetry and two windows. The gut renovated bathroom includes a deep-soaking tub and Waterworks fixtures. The lightfilled king sized bedroom is pin-drop quiet and has three large windows, two exposures, and two customized closets. The upper west side is one of our favorite NYC neighborhoods.
 321 WEST 78TH ST, 1B - UPPER WEST SIDE, NEW YORK
 

321 West 78th Street, 1B
Price: $795,000
1 Bedroom / 1 Bathroom
Full Time Doorman

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Property of The Month 35 East 30th Street, 8A

   Welcome to this large, spacious, fully renovated, and crafted interior designed 3-bedroom, 2.5-bathroom apartment in midtown Manhattan. Flooded with southern light and four exposures, this impeccable pre-war home has stunning features, such as an enormous entry gallery, high beamed ceilings, decorative fireplace, private washer, and vented dryer. Throughout the apartment, there is 8 in. wide soundproofed Siberian oak UV oil aged alabaster finished hardwood flooring, LED recessed ceiling lights, sconces, new Pella architectural series windows with tilt-in cleaning, and 5-zone VRF central air conditioner system. 

   The Master suite in this Manhattan apartment has a built-in white lacquered closet system, a separate office area that has an expanded spa-like en-suite master bathroom with a stall shower, large free-standing soaking tub & double vanity with Kohler stillness, heated towel bar, and natural stone featured wall behind the tub.

   The expansive kitchen has Miele appliances, a gas range with an integrated hood, modern white lacquered custom cabinets, a Caesarstone concrete counter top, and glass tile backsplash.

   8A is a modern apartment of a pre-war building which was originally built in the late 1800s and is one of the few remaining buildings in New York City that was designed by acclaimed architect Stanford White. It is located between Madison and Park Avenue South, which is in the incredible NoMad district. Here you will find some of the best restaurants, nightlife, and shopping areas in the world.

THE NOTTINGHAM, 35 EAST 30TH ST, 8A - NOMAD, NEW YORK