Perpetually iconic, New York remains a must-see destination for tourists as well as proving a tempting proposition for the wealthy property purchaser.
New York is the fourth most populous state in the US and for good reason. Often known as the ‘State of Opportunity’, it includes 62 cities, the largest and most famous of which is, of course, New York City. Jason Mansfield of Knight Frank’s USA residential sales, says,
“Buyers right now are primarily interested in New York, and they fall into two camps: either they want a sizable ‘trophy property’ for their personal use when in town, or they are buying a studio or one-bedroom for investment purposes.
“Due to the current strength of the US Dollar, the majority of buyers we are working with at the moment are either Middle Eastern, or wealthy Britons who have sizeable investments in Dollars already. New York remains a major focus due to its stability and long-term capital appreciation potential.”
Jed Garfield, director of Leslie J Garfield believes that, in the short term, the New York real estate market will not move drastically. “Longer term,” he says,
“it will regain its strength, and I foresee that in 10 years’ time the market will be 20 – 30 per cent higher. New York is New York, it is and will remain the place to be as it is home to iconic locations including Wall Street, Fifth Avenue and the Statue of Liberty.”
Sag Harbor
Beautiful home which combines traditional features and contemporary design behind an 18th century shell within four acres of landscaped grounds. Located on prestigious Suffolk Street, an understated facade belies the interior’s grand scale. The property encompasses over 7,000 square feet of living space including five en suite bedrooms. On the lower level is an impressive entertainment and guest area, highlighted by a glass-enclosed carport showcase, with a custom car lift to the ground floor garage.
£9m / €10.8m / $12m
Christies International Real Estate
www.christiesrealestate.com
160 Leroy, West Village
Designed by world-leading architects Herzog & de Meuron, this stunning new condominium project provides classic views of New York City and has been painstakingly created to the highest standard both inside and out. It offers 56 elegant apartments, crowned by two penthouses, the larger of which covers 7,700 square feet of opulent living space.
£36.43m / €43.6m / $48.5m
www.160leroy.com
244 East 48th Street
New build six and a half storey, 7,400 square foot townhouse, capable of entertaining up to 100 guests. The mansion recently underwent a two-year full renovation (which was completed this year) and includes seven bedrooms and eight bathrooms. Its serene outdoor spaces include a large, landscaped south-facing private garden, south-facing balcony off the kitchen, north-facing terrace on the sixth floor and full floor roof deck. There is also a newly installed five passenger hydraulic elevator servicing all six levels plus a basement/cellar perfect for wine storage and entertaining.
£11m / €13.16m / $14.65m
Leslie J Garfield
www.lesliegarfield.com
432 Park Avenue, Manhattan
Between 56th and 57th Street, this property is in one of New York’s prime residential destinations. It is the tallest residential building in the Western Hemisphere at 1,396 feet and includes 96 storeys. Designed by world-renowned architect Rafael Viñoly, it offers 106 spacious condominiums designed for opulent living, with private elevator landings and service entrances manned by a dedicated concierge. Situated on the 12th, 13th and 14th stories, a 30,000 square foot amenities’ area features a magnificent lounge with private restaurant, an outdoor terrace showcasing New York’s skyline, a 75 foot indoor swimming pool, spa and fitness centre, conference rooms and executive offices.
From £12.7m / €15.2m / $16.95m – £33.6m / €40.1m / $44.75m www.432parkavenue.com
One Beacon Court, East 58th Street
Designed by the late renowned American architect Charles Gwathmey, this 9,000 square feet duplex has 16 reception rooms, five bedrooms and six bathrooms. It includes a double height living room with glass walls to the north and west, state-of-the-art chef’s kitchen and a media and entertaining room. A reception room, home office, pantry and two staff quarters with bathrooms complete the first level. Upstairs is the master suite complete with an office, sitting room, two bathrooms and two dressing rooms. Additionally, there are three other en suite bedrooms and a den.
£54.1m / €64.7m / $72m
Knight Frank
www.knightfrank.us
