Category: New York Real Estate

The heart of New York City is… to the west. Specifically in Midtown, between 34th and 59th Streets, 8th Avenue and the Hudson River. The heart of New York City is Hell’s Kitchen.

Convivial, culturally bubbling, full of history and authenticity, this neighborhood embodies the very essence of New York. Hell’s Kitchen has such a unique atmosphere that you absolutely need to be shared.

A nice neighborhood where life is good

A long time ago (80’s), going for a walk to Hell’s Kitchen was a guarantee to be lost in this sort of Wild Wild West, a risky adventure. But that was before. Now, wandering the pretty shaded streets of this neighborhood is a real pleasure and Hell’s Kitchen is a great place to raise children. Moreover, we have some more good news, the neighborhood has several public primary schools. And it doesn’t end there; this district, also called Clinton, is a great place for shopping; packed with major brands, vintage shops, small shops and even flea markets, you’ll be spoiled with choice. Even though it’s perfect for a family life, Hell’s Kitchen is also very popular with young active people who like to relax in the evening because the district offers an incredible variety of restaurants (and all budgets), bars and rooftops.

The Hell’s Kitchen Real Estate Market

The neighborhood has experienced rapid gentrification in recent years. New buildings are under construction and old ones are being converted into high-end residences. The development of Hudson Yards and the High Line just to the south and the addition of the Time Warner Center to its northeastern border have spurred growth. Prices have risen but remain generally lower than those of surrounding neighborhoods.

It remains rather difficult (but not impossible, especially with an expert BARNES at your side) to find bargains because apartments in older buildings are often renovated to benefit from higher rents.

Although many of the cross streets have low buildings due to height restrictions, the 42nd and 57th Streets have a series of towers, including one that rises to 605 West 42nd Street and has more than 1,100 rental units. pyramid-like building on 57th Street West, between the 11th and 12th Avenues which has 709 rental units. In addition, the recent conversion of a New York Telephone Company building from 1930 to a Stella Tower luxury condo. Its largest penthouse is worth nearly $14 million.

If you want to be more reasonable, that’s about what to expect when you want to live in Hell’s Kitchen: The first prices for studios are about 300,000 dollars, the one-bedroom apartments at 450,000 dollars and the apartments from two bedrooms / two bathrooms to about a million dollars. For rentals, start at $1,800 per month for a studio, $2,000 for a room and $ 2,400 for two bedrooms and a bathroom.

If there is a New York neighborhood that deserves to be talked about, this is it. NoLiTa (North of Little Italy, for those who have just arrived) is a Manhattan village that wonderfully marries originality, chic, charm and authenticity both in the beautiful facades of typical brownstones and in its way of life. A life the European way.

Village life in the heart of Manhattan

Name another place more aware of the trends…. Impossible. NoLiTa always has a head start, on New York, on us and even surely on you. High fashion, with the installation of many independent designers and the proliferation of small shops, the district boasts a unique and privileged art of living. Alongside the concept stores and vintage stores, craft brands, young artists and designers have opened their flagships while ephemeral shops, always at the forefront of the trend, follow one another at a rapid pace. Some say that it is a mere copy of its neighbor SoHo, yet NoLiTa claims a unique and privileged lifestyle, sought after by a young and trendy population, families who want a standard of living and a good number of personalities or stars such as Martin Scorsese, singer-songwriter John Mayer, musician Moby or for a long time, David Bowie.

As you walk through the neighborhood, you will see the magnificent St. Patrick’s Cathedral at the intersection of Mulberry, Mott and Prince Streets. In 2010, she was honored to become The Basilica of Old St. Patrick’s Cathedral. A few steps away, another monument symbol of NoLiTa, the Puck Building, which originally housed the headquarters of the former Puck Magazine.

Ephemeral art galleries and well-established galleries contribute to NoLiTa’s rich cultural life by offering exhibitions, vernissages and artists’ presentations throughout the year.

The real estate market of NoLiTa

We will be honest with you, living in a neighborhood like NoLiTa comes at a price and it is not cheap. For example, 53% of residents pay more than $2,000 a month for a rental (while the national average is around $950) and rent is less than $500 for only 9% of people. In terms of real estate purchase, prices are still quite high, but the acquisition of real estate property at NoLiTa is a safe bet. For information, the average purchase value of a property in the neighborhood is $661,837 (compared to $184,700 national average). However, the demand is constant and many couples or families dream to settle there to live the daily magic of this particular atmosphere.

The offers are sparse and the renewal of the owners quite low, because when one is lucky enough to find a property to buy in NoLiTa, one keeps it! Good news, NoLiTa’s real estate market prices have not (yet) reached the heights of its neighbor SoHo, so it’s time to get started and buy!

Contact your BARNES consultant, New York real estate market specialist, and take advantage of the professional experience and international network of this leader in luxury real estate to find the apartment of your dreams in NoLiTa.

Finding an apartment for rent in Brooklyn can be very easy, although one needs to know the good neighborhoods, those where you can still do good business and even find the gold nugget, and learn about the rental property market. Here are some tips for making the right choice and being a successful renter.

Find the best neighborhood to rent an apartment in Brooklyn

Most of the properties for rent are marketed through real estate agents. So the idea of ​​looking for an apartment on your own, without an agency is not necessarily a good idea. Indeed, flats for rent in Brooklyn are taken very quickly, often in that same day and it is not uncommon for an owner to receive several offers for a property. The use of a professional who will know the neighborhood, prices, procedure is highly recommended.

Brooklyn has a diverse range of neighborhoods, more or less expensive, generally appreciated for their calm and relaxed, close to amenities, schools and metro, it’s up to you to choose because your best neighborhood is not the neighbor’s.

Williamsburg

The neighborhood of reference for all those who love the dynamism without the frenzy of Manhattan. Trendy but calm, bohemian but chic, urban but green, Williamsburg brings together a well-to-do population of promising young workers. We are talking about you of course!

Dumbo

Despite high prices, the district of DUMBO remains highly sought after by young active tenants, with a comfortable budget. Located not far from Manhattan, it has all the conveniences of a modern and trendy neighborhood with its dozens of shops, gourmet restaurants and rooftops that offer breathtaking views of the skyscrapers.

Brooklyn Heights

This “neighborhood” remains a coveted neighborhood of families looking for a property to rent in Brooklyn. It is true that this neighborhood has it all: dynamic but quiet, historically very rich with its many architectural styles and churches, it also has cultural institutions such as Brooklyn Historical Society and the Heights Players. Finally, it enjoys an ideal location near downtown (Downtown Brooklyn). Only problem, a rental offer much lower than the demand, always high year after year.

Carroll Gardens

This is the favorite neighborhood of many French, perhaps because it is full of European shops, gourmet pastries and especially the variety of schools that offer French education: including the excellent public school PS 58 The Carroll School and the private school International School of Brooklyn.

Park Slope

Families looking for an apartment to rent will love the peace and greenery of this neighborhood, which offers beautiful traditional red brick townhouses as well as more modern buildings. The whole is very pleasant, especially because of the many parks or all the amenities imaginable. Beware, the offer does not always follow a constantly high demand, and prices are affected.

How to go about renting in Brooklyn?

First you need to know that the typical term of a residential lease is 12 months, but you may find it shorter. In this case, the apartment is often furnished.

In addition, you must be able to prove that you earn enough, in general, the amount of monthly income is equal to 4 times that of the monthly rent. Ideally, your compensation should be local, at least American.

There are exceptions and temperament to these rules and it is that the choice of a good real estate agent, working for a serious and recognized agency (We speak of BARNES, of course) can make all the difference. It is therefore important to seek advice from an expert who can refer and negotiate effectively for you.

The agency fees, or brokerage fees, up to 15% of the annual rent, are usually paid by the tenant, but there are cases (or neighborhoods) where the owner who has to settle them. Metoramas, a small cord from your pores, your nearest friend, or your owner, or your number or meter, should perhaps be contacted.

Once you have found the apartment of your dreams, you must act quickly: gather all the necessary documents and prepare the initial amount to pay in order to block the property, until the signing of the lease and the delivery of the keys. For the paperwork, we leave you in the good hands of an expert BARNES!

The Financial District has long been a banking district, frequented Monday to Friday only, by suits and wolves (the Wall Street kind). Somewhat neglected by families, investors and New York residents, the FiDi had a bad reputation. But that was before. The new buildings now sprout like mushrooms, the day is hectic but security is assured, in short it is now a good choice to reside in the economic heart of the world; living in Fidi has never been so trendy.

The Financial District, a neighborhood rich in resources

Known as FiDi by locals, this neighborhood has almost single-handedly created the image of New York City as a bustling hub of business and commerce. In addition, there is the New York Stock Exchange, the Federal Reserve Bank and, of course, Wall Street. Although it is primarily populated with CEOs and entrepreneurs, more than 60,000 people live in the Financial District (and this is just the beginning).

A pleasant living environment, connected and near the water

This area is bounded by Chambers Street to the North, West Street … to the west, the FDR Drive to the east and the water to the South … Despite its location at the tip of Manhattan, Financial District is extremely well connected by subway, bus, and express train. So you will be at the tip, yet conveniently close to everything.

An indisputable asset of FiDi is its proximity to Hudson River and East River, which, in addition to bringing a delicious breeze on sunny days, offers you the opportunity to enjoy the pleasures of water. Whether you own a boat or not, Pier 15 and 17 are fantastic places to spend a day. You can kayak on the Hudson, admire the Statue of Liberty while watching the ferries, then later, head to the luxury shops of the Fulton Center or stroll along Board Street for a bit of shopping (well-deserved). Relaxation guaranteed.

The Financial District is also a neighborhood with a dynamic nocturnal life and this Fidi experience begins on the plate: several famous restaurants share the culinary scene of the district and there are dozens of drinking options a land in (high) terrace.

The thriving Fidi real estate market

The real estate landscape of the neighborhood is rather vertical with majestic skyscrapers that jump into the sky and beautifully renovated historic buildings. In fact, the 20 Exchange Place or the Woolworth Building or the newest One World Trade Center are known and admired worldwide. In addition, the Financial District has street sculptures of world-renowned architects, such as Oculus on Greenwich Street, or Charging Bull on Wall Street.

It is in this magical and cozy environment that you will have the chance to live daily if you buy an apartment in the Financial District. Many offices have been converted into beautiful apartments, offering services that rival luxury and modernity. We also see the birth of dozens of real estate projects, the residence of The Beekman Residences or 20 Pine, notorious for these sublime Armani fixtures, or the penthouses of 125 Greenwich Street with sublime views of the skyline of Lower Manhattan, the Statue of Liberty, or Ellis Island in the distance. All of these condos offer private access to the subway, state-of-the-art gyms, a billiard room, jacuzzi and sauna.

Strong and varied rental offers

True, the Financial District is an expensive neighborhood, but fortunately, the rental offer promises everyone to find the apartment they need. Good news though, most of the new apartment buildings and condos are perfectly arranged, offering spacious and bright common spaces and are equipped with a gym, a doorman 24/24, swimming pools, and all other comfort you can imagine. Put aside between $3000 to $5000 for a beautiful T1 and its breathtaking view. To rent, larger spaces are rarer, but with a BARNES consultant at your side, nothing is impossible!

It may be because of its narrow wooded streets or because of the arc that stands in the middle of Washington Square Park in the same way as its Parisian counterpart, that you believe yourself to be in Europe, taking a stroll. However, you really are in Greenwich Village, the historical neighborhood of New York City, the cradle of the counterculture movement of the 60s. Mark Twain, Andy Warhol, Bob Dylan and also Edith Wharton or even Eugene O’Neill have left their traces here and in this eclectic mix of genres and personalities, a cultural, artistic, and architectural richness emerges, unique within its field. Buying an apartment in “The Village”, is a deliberate choice, a state of mind.

The Treasures of Greenwich real estate

You will not find it anywhere else: Greenwich Village possesses an exceptional variety of housing types. Pre-war homes with incredible charm, luxurious lofts with doormen, tiny studios for the many NYU students, apartments of all sizes fully renovated in the famous brownstones, the red brick houses that gives a crazy character to this district. Even the most difficult and the most demanding will be satisfied with the many contemporary constructions, nestled behind pretty gardens and perfectly-cut trees. Everyone finds their home in the Village. Purchasing a property and specifically a property in Greenwich is always a great idea and we show you why.

A dynamic real estate market

Greenwich Village is on the rise, but that’s nothing new. The purchase of a condo is a wise choice for those who prefer an urban lifestyle, all the while appreciating a green setting and proximity to beautiful parks. The number of apartment purchases are steadily increasing and the average amount of transaction type is less than 1 million dollars. However, we do find more expensive, much more expensive, if one needs a space in a splendid loft, or if your extensive family wants to live comfortably and in peace in a luxurious condominium. While real estate prices continue to climb, we can still find bargains, especially with the help of a real estate agency that is well established and who works with trusted professionals and experts in this area. Therefore, buying an apartment in this neighborhood is a safe investment, a stable investment with which you can sleep soundly.

The Village, a neighborhood with countless assets

A young neighborhood, in harmony with its past

With more than 1,000 buildings preserved from the pre-war period, Greenwich Village is a district that has kept all its charm. Moreover, each exterior modification on the 4300 buildings of the Village must be submitted for approval from the Commission for the Preservation of Monuments of the City. Yet the district is young and dynamic, the proof in the presence of two famous universities: New York University and The New School. In total there are more than 60 000 students who populate the Village, live in the pretty studios and enliven the streets of this district.

A connected village, centralized … but so peaceful

The beauty of The Village is in the endless presence of vegetation, which brighten up the impeccable streets and provides shade to the delight of the wandering pedestrian. Another appealing feature of Greenwich Village is its proximity to other vibrant areas like Soho, West Village and Chelsea …

In addition, it is extremely well served by the metro, with all lines from A to M, to explore the four corners of the Big Apple. No doubt, you will be at the heart of activity!