That pig may be cute, but your money would be safer invested in a condo in the Time Warner Center
It may be pricey, but a luxury Manhattan condo is a comparatively solid investment in today's market, especially if you're willing to hold onto it. That's the takeaway from a Wall Street Journal article that stacked up the prices of condos at 100 of the best-known buildings in the city versus the returns from stocks and commodities like gold, crude oil, coffee and hogs.
Long Island City has never looked so good. Or so mysteriously cheap.
Admittedly, our preferred way to revisit 2009's Julie and Julia is to skip over all of the "Julie" scenes, rendering the movie a pithy, nostalgic Meryl Streep vehicle just called Julia (sorry, Amy Adams). However, there's one major, semi-redeeming point of interest in the non-Streep scenes: Julie's New York apartment.
The Platinum has a full floor of amenities, ranging from a golf simulator to a sauna where apartment dwellers are encouraged to socialize.
The fitness center.
The "social sauna." Don't worry, nobody knows what that means.
The golf simulator.
The building:Platinum, 247 West 46th Street, Midtown
What you'll pay: Apartments for sale now start at $1.35 million for a studio, and go up to $5.5 million for a three-bedroom. Studio rentals start at $4,500 a month and the four-bedroom penthouse unit goes for a whopping $37,500 a month.
Amenities: Doorman, concierge, outdoor dog run. The building has a floor of amenities called "The Zone," which includes the Recovery Zone, a Zen room with body massage chairs, and soothing video and audio experiences; a fitness center with indoor and outdoor yoga studios, spa treatment room, spa lounge with waterfall, and a golf simulator; a social area with a "social sauna," lounge, and outdoor terrace with stone fireplace. (Amenities are included in monthly common charges or rent.) An enclosed garage is an additional $600 per month.
1. Size matters—but not the way you think. While you may assume that a smaller dog will work better in a smaller space, that's not necessarily true. Some small dogs are full of energy and actually need to to move a lot more than big dogs.
Got $2,500 a month to spend on rent in NYC? We've rounded up apartments currently on the market in your price range in Manhattan, Brooklyn, Queens, and the Bronx, ranging from spacious shares to luxe Manhattan apartments for one.
For what I spend every month on rent, I could afford to live for approximately one afternoon in the Champagne Apartment, a furnished penthouse on the top floor of the New York Palace hotel in Midtown. At $250,000 a month, the 5,000-square-foot triplex—with two bedrooms, three full bathrooms, two half bathrooms, a library and a 1,000-square-foot rooftop terrace with a Jacuzzi—is by far the most expensive rental on the market in the city.
In small apartments, any vertical space that can serve as a storage area is your friend. This origami wall planter does double-duty, acting as both a way to bring greenery into your abode and, when combined in multiples, a nifty shelving system.
Before you start in, you'll need to get your board's blessing.
Renovations are always a delicate subject in co-op buildings, and if you're hoping to make the process as painless as possible, you'll want to approach your board exactly the right way.
You'll need to sign an alteration agreement, or a contract stating that you'll follow code-related and legal requirements. Most buildings have standard forms to use as a jumping off point, but as Habitat Magazine notes, there are a few key pieces of information you'll want to include in your agreement to stay on your board's good side, and keep your contractor in line while you're at it.
The Real Estate Survival Guide for NYC Buyers, Sellers, Renters & Dwellers
As New York City's most popular and trusted source of real estate advice, BrickUnderground speaks directly to 200,000 monthly unique visitors seeking solutions to their NYC real-estate and aparment-dwelling needs. read more»