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| As the sun sets a little earlier and a gentle breeze begins to rustle the leaves, we find ourselves at the threshold of a brand new month. September, with its golden hues and promise of change, welcomes us with open arms. It's a time of transition, reflection, and renewed energy. In this edition of our newsletter, we'll explore a variety of topics that embrace that spirit and inspire you to make the most of this vibrant time of the year. |
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| | NYC Market Snapshots are Here! |
| Curious about the real estate market? I'm here to provide valuable insights into the market so you can stay educated and informed. I'm pleased to share Compass' August 2023 NYC Market Snapshots, highlighting the prevailing trends shaping the market. |
| | | Have questions about market forecasts and trends, or anything else real estate-related? I'd love to connect! |
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| The End of Airbnb in New York |
| Thousand of Airbnb and short-term rentals are about to be wiped off the map in New York City. Local Law 18, which came into force Tuesday, is so strict it doesn’t just limit how Airbnb operates in the city—it almost bans it entirely for many guests and hosts. From now on, all short-term rental hosts in New York must register with the city, and only those who live in the place they’re renting—and are present when someone is staying—can qualify. And people can only have two guests. |
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| | Here's How Gen Z Can Become Home Owners |
| "My parents were in their 20s when they bought their first home. It was the 1950s, Midcentury Modern, (my mother’s favorite furniture style) was just modern, and the house, a Dutch colonial in Brooklyn with four bedrooms, one full bath and two half baths, cost them about $25,000. That would be about $285,000 today, adjusted for inflation." |
| | | New Development of the Month |
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| Tribeca-Style Living with an East Side Address |
| A one-of-a kind loft conversion that refashions a historic former art warehouse, discreetly tucked away in Lenox Hill. Archive Lofts delivers something completely unexpected: a rare opportunity to experience character and downtown atmosphere unlike anything else uptown. Archive Lofts offers 35 top-of-the-line condominium residences developed by Forkosh Development Group, with interiors by Forkosh Design Group, and architecture by C3D.Archive lofts offers a curated list of private amenities including a 24-hour attended lobby, fitness studio, bicycle storage, resident lounge, and a furnished roof deck complete with a wet bar and outdoor grill. For added recreation, private rooftop terraces are available for purchase. |
| 1 Bed Residences start from $1,350,000 2 Bed Residences start from $2,050,000 |
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| | | | | | NYC’s most anticipated new restaurants for this fall |
| To everything there is a season, and fall in New York City if for restaurant openings. Sure, new places pop up all year-round, but autumn in Gotham is peak for pursuing the five boroughs next bests, future favorites and aspirational reservations. Like last year’s K’Far, Masalawala & Sons and Kru, some of these entrants to the local hospitality landscape may go on to renown among our highest reviewed destinations. These are the most likely to succeed for 2023. |
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| | The annual feast in Little Italy is back and better than ever! Make your way to the Mulberry Street area to experience 10 days of live music, parades, and some of the the best Italian cuisine the city has to offer. Click HERE to learn more! |
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| | Free Movies at Hudson Yards |
| Movies from the early 2000s will get the spotlight on a massive, 30-foot-tall screen at Hudson Yards this fall—for free! Backyard at Hudson Yards will showcase a selection of free outdoor film screenings, every Friday through the end of October. Click HERE for the schedule! |
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| | | The Taste of the Seaport, the food festival held annually at piers 16 and 17. Save room for an impressive array of samples from the dining rooms of Osteria del Porto, Malibu Farm, the Fulton, Cafe Patoro, Suteshi, Tagmo, Havana Social, Keste, Industry Kitchen, Il Brigante, Fulton Stall Market, the Watermark, Stout NYC, Taim — the list goes on. Click HERE for more details! |
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| | | Calling all literary lovers: the Brooklyn Book Festival is returning this fall for their biggest event yet! Featuring 200+ authors, poets, and graphic novelists from across the globe and as nearby as Brooklyn, events for the 18th Annual Brooklyn Book Festival at Cadman Plaza West. Click HERE to learn more! |
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| Lifestyle Tips and Tricks |
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| On the House: How To Be Certain That You've Found The One |
| Shopping for a home isn’t all that different from looking for a partner: You scroll through tons of photos online, make mental checklists of must-haves, then try to imagine a connection that could last decades. Are you sufficiently in love to commit for the next 30 years of your life? |
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The Best Places to Live for the Weather |
| In these places, residents enjoy some of the best weather in the U.S. |
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| 'Ugliest House in America' Reveals the One Astonishing Upside to Buying a Homely Home |
| As you can imagine, buyers are not exactly lining up to purchase these dingy dives... |
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| | Creativity is key with a small backyard. |
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| | | 5 BD 6 BA 5400 SF $3,495,000 |
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| | 40 East 61st Street, Unit 13A |
| 4 BD 4 BA 2600 SF $4,850,000 |
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| | | | 135 West 52nd Street, Unit 9E |
| 2 BD 2 BA 1124 SF $2,175,000 |
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| | 510 East 80th Street, Unit 4F |
| 3 BD 2 BA 1523 SF $1,995,000 |
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| | | | 200 East 27th Street, Unit 12J |
| 0.5 BD 1 BA 550 SF $549,000 |
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Thanks for reading and subscribing! Ready to achieve your next real estate goal? |
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| | NY/NJ | Member of True North Team |
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Office: 212-913-9058 Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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