Doorman Strike in New York City
Fortunately we are able to write that a deal was made! The contract was set to expire Wednesday April 27th, and a strike would have affected more than 3,000 buildings and 555,000 apartments across the city!
The Realty Advisory Board on Labor Relations and 32BJ SEIU, the union which represents 32,000 residential building workers, announced an agreement which includes a 12.6% wage increase for building employees over the next four years. Also, it does not require workers to contribute to their healthcare benefits. The increase brings the total wages for a doorman to $62,000 by the end of the contract. Workers will also receive a one-time $3,000 bonus.
Thankfully, our staff and the important essential workers got what they deserved! Without them, we would not be able to show our listings and volunteers from the building would have to manage building security! From garbage, cleaning, to move-in and move-outs, everything would have been impacted and a domino effect would have caused some chaos. This strike would have greatly impacted the real estate community, and most of us personally as our day to day relies on them so heavily. We are grateful it did not happen, crisis averted!
Spring Activities
Visit The Orchid Show
From February 26th through May 1st you can tour the dazzling floral creations of Jeff Leatham, for the 19th year in New York City. Leatham’s bold and colorful vision will unfold through captivating installations and designs, transforming the historic Enid A. Haupt Conservatory into a different color experience and visual effect, like the turn of a kaleidoscope.
Eataly- SERRA by Birreria
The Flatiron eatery in Manhattan is a destination year-round in Manhattan, but their rooftop that’s basically a blooming greenhouse is one of the most gorgeous places to spend time at during the nice weather. Head over for a spritz, burrata, and sunshine.
Go Yankees/Mets !
Spring marks the official start of baseball season, and Yankee or Mets games are way too fun to miss out on — opening day is officially set for April 7. Make sure you add one to your calendar NYCers!
Market Report- Quick Stats
Total Luxury Sales by Property Type in April
Condo 56.8%
Coop 27%
Townhouse 16.2%
37 Contracts signed last week at $4M or above
Biggest Sale since April 2021; last week's 432 Park Ave asking $79M
3,585 Total Sales in Q1
$1,190,000 Median Sales Price in Q1
6,906 Listing Inventory in Q1, down by 4.4% from this time last year
137 average Days on Market in Q1, down by 0.7% from this time last year
COMING SOON
2 Bedroom 2 Bathroom Condo in Lenox Hill
A 38th Floor combination unit at the Rio, 304 East 65th street in Manhattan; this fully gut renovated with breathtaking city views is coming to the market end of this week.
Offered at $2,750,000.
Email me for your chance to see this property before it hits the market.