New Mayor
As of just under a month, New York City has a new Mayor. The 110th Mayor- Eric Adams- is a retired NYPD officer, State Senator, and Brooklyn Borough President.
Mr. Adams, a moderate Democrat whose campaign focused on crime and public safety, has a long history in New York politics. During the campaign, Mr. Adams carved out a lane as one of the more moderate candidates in the Democratic primary race. But Mr. Adams, who grew up in Queens, also stressed his working-class background, calling himself a blue-collar candidate who would fight for New Yorkers struggling to make ends meet in an expensive city that had left them behind. (NY Times)
Speaking as a New Yorker, I'm hopeful and excited to see a shift this City really needs. Congratulations Mr. Adams!
Market Report
In Manhattan's Q4 for real estate, sales and contracts exceeded expectations, and as inventory fell, prices climbed. Here are some stats:
- There were 3,445 sales, an increase of 79% over last year amid the COVID-19 pandemic, and the highest of any Q4 since 2013 in NYC
- Discounts were at 6%, continuing the trend seen throughout the year.
- Condos saw notable price increases, the average rising 7.2% year-over-year.
- Co-op prices were generally up, but saw less exaggerated change, increasing 6.7% and 0.9% in average and median price, respectively.
- Properties sold between $1M and $3M captured 38.6% of sales.
Restaurant Week
Dining out is the NYC’s most fabulous pastime. With hundreds of restaurants rolling out special prix-fixe menus for a limited time, this is your chance to try it all in the most vibrant dining scene in the world. NYC Restaurant Week returns this winter with two-course lunch and three-course dinner options across the five boroughs, including top-tier restaurants and neighborhood favorites. Take part in this tradition starting January 18th until February 13th.
COMING SOON
85 Adams Street #3D
Welcome to Residence 3D at The Beacon Tower in Dumbo, Brooklyn. The Beacon Tower was designed to be an Oasis of Zen-like calm in the heart of Dumbo, one of Brooklyn’s most vibrant neighborhoods. This spacious corner two bedroom two bathroom home truly lives up to the architect’s original vision. The home displays 10’ high beamed ceilings and oak hardwood flooring throughout. At approximately 1169 square feet, the property has oversized city windows throughout which allow natural light to flood the space throughout the day. Other noteworthy elements include a multi-zone central air system, Bosch washer and dryer, excellent storage, and treetop bridge views. The owners have added city windows throughout the entire apartment which keep it very quiet.
Upon entry you have a wall of closet space. Past the long foyer, moving North is your massive Kitchen and Living Room. The Living Room, surrounded by windows receives tons of natural light and has a dining area with banquet seating.
The chef’s windowed Kitchen features top-of-the-line stainless steel appliances, an oversized fridge, custom oak wood cabinets, a garbage disposal, and wide stone countertops with breakfast bar.
Moving back, is the guest bathroom and secondary bedroom. The bathroom has a soaking tub and the second bedroom- large enough for a Queen size bed- has a large closet and West facing exposure with direct views of the Manhattan Bridge.
Finally, the spacious primary Bedroom offers three large closets, enough room for a home office and an extra large en-suite primary bath with a deep 20 Zuma soaking tub and double sink vanity.
The Beacon Tower is one of Dumbo’s tallest and most sought after luxury condominiums. The building offers a gorgeous roof deck with breathtaking views of the iconic Brooklyn and Manhattan Bridges, The East River, as well as the Manhattan and Brooklyn skylines. Rounding out this full service building has a live-in super, on-site parking, modern fitness center, and 2,200 Square Foot zen garden. Surrounded by cobblestone streets, award winning restaurants, convenient to the (F,A,C,J,Z,R,2,3,4,5 trains), a short walk to waterfront parks, and ferry service to Manhattan, this home truly lives up to the original vision of an Oasis.
