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Dominic Longcroft
Licensed Associate Real Estate Broker
Berkshire Hathaway HomeServices - New York Properties
www.dominiclongcroft.com
Summer 2018 Newsletter

Dear Friends and Colleagues,

Manhattan market was slower in Second Quarter 2018, there were fewer closed sales, more inventory came onto the market, and prices steadied. If you are a new buyer in the market, there is a lot of quality choice on the market. In the Last quarter there were approximately 3,200 transactions signed in the last 12 months, slightly down on 2017. Inventory expanded 17% year-over-year to approximately 7,500 listings. Signed contracts and sales improved on the last quarter, as buyer demand for Manhattan properties still saw an increase in Second Quarter 2018.

 
UPDATE :
Contract Signed
84 Horatio Street, Apt 1D, West Village, New York - $545,000
Dream location for a light-filled pre-war West Village studio on arguably the most sought-after quiet, tree-lined block on Horatio Street, between Greenwich and Washington Streets. This charming north-facing studio with exposed brick, 9’10 foot ceilings, crown moldings, decorative fireplace and unrestricted views onto Horatio Street, features a kitchen including a dishwasher, a walk-in closet and full bathroom with shower, sink and WC. The studio is full of character with hardwood floors and original detailing throughout. 84 Horatio Street is a boutique friendly coop with very low maintenance. The studio has access to a well-cared for and peaceful shared backyard garden. The building is two blocks from the High Line, Whitney Museum, Hudson River Park and the shops, restaurants and vibrant culture of the Meatpacking District. Convenient to A/C/E/L trains. The studio can be used as pied-a-terre, and subletting is permitted, while co-purchasing and guarantors are considered on a case-by-case basis. Board approval required.
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UPDATE :
New Listings
167 East 61st St. 16A, New York, NY 10065 - $2,100,000
This brilliantly located white-glove luxury cooperative apartment is found at 167 East 61st Street, and offers exceptional lifestyle, elegance and value. Apartment 16A occupies a high floor with magnificent views to the south and east, and promises two light-filled bedrooms and two bathrooms, with a wrap-around private terrace for outdoor living.

A gracious entrance foyer greets guests, and leads to a spacious living and dining space with unobstructed city views from around 45 feet of wall-to-wall, floor-to-ceiling windows. Beautiful wood floors extend throughout the rooms with an easy flow of space. An airy master bedroom suite includes a large en-suite bathroom and spacious closets, while two additional closets and laundry closet provide significant storage in the apartment. The large second bedroom is also en-suite, with sizeable closets. A washer and dryer in the apartment ensure convenience.

The exclusive 39-story building provides security and an ideal lifestyle with a concierge and 24hrs doorman, a resident manager and unparalleled amenities including a state-of-the-art fitness center, children’s playroom, community garden, garage and private storage. This sought-after location in the heart of the Upper Eastside of Manhattan allows residents to live in close proximity to New York’s best shopping district including Madison and Fifth Avenues and the iconic Barneys and Bloomingdales department stores, and top-class restaurants and cafes such as Sant Ambroeus.

The building is pet-friendly and a short stroll to leafy Central Park, and only one block from multiple subway lines for ease of transport. The apartment is competitively priced and offers an idea home or pied-a-terre, with 80% financing permitted, and a 2% flip-tax payable by the purchaser
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UPDATE :
Referral Properties
Grosvenor Crescent News – London UK - $23,000,000
An outstanding newly built property 4 Bedrooms 4 Bathroom approx. 444 sq m / 4779 sq ft with an extraordinary lateral width of some 60 ft arranged over 4 floors, all served by a bespoke glass lift, situated in the only private, gated and concierge mews in Belgravia.
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Green Hill Road , Elizaville, NY 12523 - $8,500,000
Pristine, large country acreage in southern Columbia County, NY with a lake and incredible views! This 1,100 acre property with diverse natural beauty, rolling topography, miles of ancient stone walls, and water features also has a summit that is the highest elevation in the township. Offering incredible 360 degree views of the Hudson Valley, Catskill Mountains and a tapestry of woodlands, farms and distant hillsides, this summit would be the crown jewel of any creative vision applied to this exceptional tract of land.
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UPDATE :
New Referral Properties
Rua Tenete Arante Filho 99, Gavea – Zip 22451-270 – Rio De Janeiro – Brazil - $3,700,000
Beautiful property located in Gavea, in a secured compound amongst 30 other properties. The compound also included the American School (Lower, Middle and High Schools).
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2101 Locust Street, Philadelphia - $1,900,000
101 Locust Street is an exquisite Rittenhouse Square corner townhome designed by architect Wilson Eyre in 1889 for John and Anna Neil. This light-filled architectural gem was restored and renovated in 2015 featuring 5 bedrooms, 3 full baths, 2 half baths, 2-zoned HVAC, high ceilings, large bay windows, finished basement, 2 fireplaces, hardwood floors, high-end kitchen boasting Wolf and Sub-Zero stainless appliances, marble bathrooms, custom closets, third floor roof deck and more.
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1425 Brickell Ave Apartment 54DEF, Miami Beach - $12,890,000
Spectacular breathtaking panoramic ocean/city views from this sophisticated, elegant residence at world renowned, Millennium Tower Residence by Four Seasons. This unit lives like a home 4 Bedrooms, 6 Bathrooms , 4 half bathrooms, 8461 Sq. ft. 10ft floor-to-ceiling windows,3 balconies, Crestron “Smart Home”.
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UPDATE :
Price Corrections
134 Mirror Lake Drive, Lake Placid, NY – Priced at $8,200,000 (reduced by $1,000,000)
This stunning lakeside mountain property is currently being further modernized, with the Great Room gaining a beautiful new presentation. Please contact me for further details.
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Website
UPDATE :
Referral Property Recap
Villa Catarina Estate - Now $15,950,000
Villa Catarina Estate offers uniquely gracious living, a beautiful grand residence set in 1000 acres of rolling hills in Cornwall and Litchfield County. The Estate includes 5 further properties including stables, a mere 2hrs from Manhattan.
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Website

Country Club Manor, Ardsley Park, Irvington, NY - Now $2,475,000
This magnificent 6-bedroom home on 1.76 acres was built in 1913, designed by the renowned architect, Wilson Eyre (also responsible for CNN’s Anderson Cooper’s Rye House, Litchfield County, CT) and located in Ardsley Park, beside one of America’s oldest and most distinguished private golf clubs, the Ardsley Park Country Club. The history and elegance of the property is evident throughout, space and peace just 30 minutes from Manhattan.
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Website
I am proud to announce that I have founded a new team – The Strategic International Team – www.strategicinternationalteam.com please check out the team!
The Strategic International Team guides clients through the process of buying and selling real estate in New York City, and specializes in new development, resale and renovation properties. Clients are offered dedicated support throughout the real estate sales process, and benefit from ongoing rental and management expertise to meet the full spectrum of their property needs. A dedicated team member is available to serve each client, ensuring prompt and well-informed service at all times.
Please follow us on Instagram: https://www.instagram.com/strategicinternationalteam/
And on Facebook: https://www.facebook.com/thestrategicinternationalteam/
And finally…
I would also like to share an exciting new development of my website (www.dominiclongcroft.com) as we are now connected to over 8,000 real-time listings in Manhattan and Brooklyn. The unparalleled REBNY - IDX system, newly available on my site, allows you to identify your preferred areas and receive a comprehensive selection of properties, including apartments and townhouses, to consider. Further information is readily available for properties of interest, and I would be delighted to arrange appointments to visit at your convenience.
I am proud to be associated with the blue-chip Berkshire Hathaway brand and its Founder, President and CEO Warren Buffett. Berkshire Hathaway HomeServices of America was established in 1998, and has grown to over 1,300 US offices in 47 states and more than 50,000 agents, together with a growing network of trusted international affiliates.
I welcome the opportunity to work with you, and to provide you with the best in real estate services in 2018!
Warm regards,
Dominic
 
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590 Madison Avenue, New York, NY 10022
dominiclongcroft@bhhsnyproperties.com
646.677.1022
 
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Berkshire Hathaway HomeServices New York Properties is not the listing broker for this property. New York Properties will refer buyers to the listing broker who has provided the information appearing here. Listing broker will provide any further information about the property and negotiate any agreements for the purchase of the property. Any information appearing here was provided to New York Properties by the listing broker and has not been verified by New York Properties. Buyers should consult with their legal counsel or local real estate professional concerning the property and verify any information important to their buying or leasing decision prior to binding themselves to purchase or lease.