Since the start of the year, we’ve seen a number of records broken in New York City.
First off: the weather. In early January, temperatures dropped to 4 degrees, breaking a low previously set in 1896. By mid-February, the city had broken its record for the most snow in the first two months of the winter. (The winter of 1995-1996 still holds the record for snowfall over an entire season.) And into the beginning of March it all continued, with nearby Atlantic City dropping to 2 degrees, breaking its all-time low for the month, and with the rest of the tri-state area not too far behind.
At the same time, the New York City real estate market has seen its own records broken, running as hot as the weather has been cold.
It’s been a time of benchmark-busting prices for luxury properties. For example, the sale of a $50 million condo at Chelsea’s Walker Tower at the beginning of the year set a new record for the highest-priced apartment ever sold Downtown (see page 39).
And there is little for buyers to choose from, with the number of homes on the market dwindling to the lowest number seen in nearly 15 years (see page 26).
This issue of Luxury Listings NYC is meant to help you navigate the tough real estate market this spring when the cold thaws. (We won’t all still be bundled up in winter coats, gloves, scarves and hats in April, too, will we?)
On page 8, we take a look at some of the choicest summer rentals and for-sale properties in the Hamptons — including the best starchitect-designed home for sale, the coolest historic home on the market and more. (In case the cold weather does continue for a while, we’ve also got some top real estate choices for skiers.)
On page 12, we take a look at spring home design, with some fresh, colorful furniture and accessories to warm up your home as the snow melts.
And in case you want to give up on New York City altogether (it was actually one of the milder winters throughout the rest of the world), check out page 90 to see what the price of a luxury pad in New York City can buy you abroad (answer: a lot more).
Also, take a look at our package on retirement and New York City real estate on page 16, which may answer the question, “Should I stay or should I fly south?”
Finally, take a peek inside the white-as-snow (but remarkably warm) home of interior designer Benjamin Noriega-Ortiz on page 14 and opera star Nedda Casei’s dramatic spread on page 20. And as always, there are plenty of other stunning luxury properties to gaze at in our listings section starting on page 57.
Enjoy the issue.