NOVO NEWS FEBRUARY 2024
LOCAL HAPPENINGS:
NYC HAMPTONS MIAMI LAS VEGAS
FEATURED LISTINGS ON THE MARKET
GLOBAL:
INTERNATIONAL NEW DEVELOPMENTS
1 JOHN STREET, 9D, BROOKLYN, NY
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Vol. XVII Navigating the Financial Terrain: A Market Update for our Valued Clients Dear clients, As we step into the new year, let us take a moment to explore the trends, shifts, and noteworthy events that are shaping the financial landscape in these early days of 2024. With fresh resolutions and soaring aspirations, we encourage you to join us in navigating the new beginnings that 2024 brings. With warm spirits and a hopeful outlook for the year ahead, we have curated a list of news & city recommendations. We hope to inspire a sense of community, discovery, and shared experiences even in the midst of winter's chill. Let this February be filled with promise, growth, and the spirit of adventure! Enjoy some of the highlights and February activities in our featured cities. Best regards,
FOOD & DINING UNSTABLE CARROLL GARDENS Opened by a group of close friends who share a background in hospitality, this unconventional Thai eatery quickly became a sensation after its debut in September. The restaurant's laid-back atmosphere, innovative cocktails and exceptional dishes, such as the crab croquettes with tom yum puree, the unparalleled tiger shrimp, and the fiery "what the hell" fried rice, have attracted crowds of diners eager to indulge in the experience. Don't hesitate to inquire about the specialty spirits and secret beverages on offer.
TATIANA BY KWAME ONWAUCHI UPPER WEST SIDE A Rave Review of Tatiana's: The Lincoln Center's Afro-Caribbean Destination Tatiana's has quickly become the talk of the town since it opened its doors last year. With its AfroCaribbean influences, this Lincoln Center gem has earned countless accolades for its delicious cuisine, refreshing drinks, and warm, inviting atmosphere. The beautifully decorated space is simply breathtaking, and the food is even more impressive. Some must-try dishes include the crispy okra, the braised oxtails, and the short rib pastrami – it's a revelation for your taste buds!
NEW DEVELOPMENT MANHATTAN & BROOKLYN
OLYMPIA DUMBO Brooklyn, NY
200 E. 20th St
WALDORF ASTORIA
New York, NY
New York, NY
BROOKLYN TOWER
53 West 53
Brooklyn , NY
New York, NY
1 JOHN STREET DUMBO Experience the Splendor of this Three-Bedroom Waterfront Sanctuary Step into this stunning sanctuary, boasting three bedrooms, three-and-a-half baths, and a generous 2,400 square feet of living space. The layout is designed to easily convert into a four-bedroom abode. Upon entry, be prepared to be captivated by the breathtaking panoramic views of the shimmering waterfront and the mesmerizing city skyline framed by the floor-to-ceiling windows. The 11-foot ceilings enhance the openness of the room, and the exquisite 6-inch white oak flooring provides a harmonious flow throughout the space. The three-zone HVAC system offers customizable humidity control, ensuring a comfortable and personalized experience. The kitchen, a gourmet's delight, features a full Gaggenau appliance suite, a sleek Bosch dishwasher, honed Basaltina stone countertops, two rugged rough-sawn oak islands, and Cemento finished cabinetry complete with a pantry and appliance garage. The bathrooms are adorned with Dornbracht/Fantini fixtures, Italian matte white lacquer vanities, and generously sized built-in mirrored medicine cabinets. The centerpiece is an enchanting ethanol fireplace, accented by exquisite stone and artisanal millwork, setting the stage for unforgettable moments. All bedrooms feature custom closets, and the laundry room is thoughtfully equipped with a high-capacity vented gas washer/dryer, making laundry day a breeze. Motorized blackout shades and curtains have been meticulously installed throughout, adding an extra layer of luxury. This expansive sanctuary is a dream come true for those seeking comfort, style, and sophistication.
$4. 825M
3
Price
Beds
3. 5 2, 400 baths
Sqft
ON THE MARKET
3
239 East 61st Street
303 West 66th St, 20DW
16 BED | 7.5 BATHS | 5 STORIES
2 BED | 1 BATH | 1,000 SQFT
This Upper East Side townhouse at 239 East 61st Street offers over 5,100 sq ft of living space across five stories. The home features luxurious details such as oversized windows, unique design embellishments, and designer tile work. It was previously owned by Allen Dulles and the Seagram Foundation and was updated by interior designer Alex Papachristidis while maintaining its inherent charm. $9,995M
This penthouse boasts unparalleled water views, providing a canvas for your dream residence. Untouched for decades and hitting the market for the first time in over 40 years, this residence is a testament to enduring charm. $995,000
100 Jay Street, 9H
2 Waterline Square, 1908
1 BED | 1 BATH | 801 SQFT
4 BED | 4.5 BATH | 2,436 SQFT
This home features a custom kitchen with solid oak cabinets, acid-etched backsplash, GE stainless appliances, absolute black granite counter. 9’4 ceilings throughout, hardwood floors, washer dryer, large windows to allow the southwestern light into the home. $899,500
This unit offers unobstructed Hudson River views effective immediately until October 10th, 2024. The net effective rate is $25,969 on a 10.5 month lease with a gross rent of $30,297 (9/1 - 10/10 are free). All or some of the brand new furniture can be purchased. $20,000.
THE HAMPTONS How To Celebrate Valentine's Day In The Hamptons A collection of descriptions of various places and experiences in the Hamptons, including Tutto il Giorno restaurant, Shou Sugi Ban House spa, Topping Rose House hotel and restaurant, Kissaki Japanese restaurant, Wölffer winery and Scarpetta Beach restaurant. Also featured is the Baker House 1650 bed-andbreakfast with spa facilities. READ HERE
Ice skating at Buckskill Winter Club Discover Buckskill Winter Club: The Hamptons' Only NHL-Regulation Ice Rink! Get ready for a family-friendly experience like no other at Buckskill – home to the only refrigerated, NHL regulation-sized ice rink in the Hamptons! Take part in public ice skating, figure skating programmes, or junior and adult ice hockey programs, all while enjoying the comfort of our cozy clubhouse. Our ice rink is perfect for private charter for hockey games or parties, and we also offer private and group skating lessons. Celebrate special occasions like birthdays and teen nights with us, and don't forget to treat yourself to a cup of hot soup or European hot chocolate from our full service snack bar while you watch the action on the ice. Buckskill Winter Club is the ultimate destination for family and friends to have a fun and exciting winter experience!
Rowdy Hall Now in Amagansett Now located on main street in the village of Amagansett. American pub taking cues from classic English pub and French bistro cuisine. Opened in the Village of East Hampton in July of 1996. The Arts & Crafts inspired dining room, with a beautiful copper topped bar quickly became an East End favorite. The new location in Amagansett has proven to maintain it’s reputation as a fun and lively gathering hall enjoyed by locals and visitors alike. 177 Main Street Amagansett, NY Hours: Monday- Thursday 3pm-9pm Friday- Sunday 12pm- 10pm.
FEATURED LISTINGS
6 WEST POND DRIVE BRDIGEHAMPTON | KHALILY STABLES Khalily Stables, is a large-scale equestrian compound located in the sought after Bridgehampton Farm Corridor., was completed in 2015 and is equipped with state-of-the-art facilities. $15,850M
FEATURED DESIGNER MICHELLE CAMPBELL ABOUT: Michelle Campbell's interest in jewelry started at an early age, after inheriting a large collection of fine jewelry from her grandmother. What hadn't been amassed during her many travels had been designed herself, giving each piece a heightened sense of sentimental value. For Michelle, it was an invaluable lesson in the importance of story and of place. It is this background that informs the ethos of Campbell. With its close ties to femininity and strength, Michelle designs jewelry for the expressive, modern woman - a woman who understands the value of unique design and classic elegance, pieces that can be passed down from generation to generation. Pulling from both natural and manmade surroundings, architecture forms the basis of the collection's timeless simplicity. From the urban city grid to the intricate details of a honeycomb, the work of Michelle Campbell adheres to form and shape, while incorporating a delicate femininity. Launched in 2011, the collection is sold around the world, and has been featured in Vogue, Bazaar, Elle, The New York Times, and many others SHOP BELOW USING QR CODE.
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NEW DEVELOPMENT NEW YORK & MIAMI INTRODUCING 212 WEST 72ND In the heart of the Upper West Side, the iconic 212 West 72nd Street has undergone a remarkable transformation from rental apartments to luxurious condominium residences. Developed by Centurion Property Investors and redesigned by CetraRuddy, this premier curved glass building introduces 126 new residences to the revered Broadway and 72nd Street intersection.
Introducing La Mare Bay Harbor Islands - Signature Collection Breaking away from the traditional developments in Bay Harbor, La Maré offers a unique and luxurious living experience designed with the affluent end-users in mind. This prestigious development caters to those who desire spacious residences with fantastic water views. La Maré consists of three towers, two of which have already been launched. The first tower is an 8-story condo that features nine units with three to four bedroom options. The second is another 8-story condo with 33 units ranging from two to four bedrooms. With its private marina, expansive residences, and proximity to the beach, La Maré stands out as one of the best new projects on the Bay Harbor Islands.
ARTS & ENTERTAINMENT Must-See Exhibitions in 2024 Get ready for a year of incredible art and culture! Here are ten exhibitions to add to your list, featuring Elliott Erwitt, Lee Miller, Batman's living room, African visionaries, Francesca Woodman, and many more. 1. Grace Weaver: Hotel Paintings 2. Lee Miller: Dressed 3. Seth Becker: A Boy’s Head 4. Elliott Erwitt 5. Lisa Fonssagrives-Penn 6. Gerhard Richter: Engadin 7. Bar Stories on Camera 8. Emilie Gossiaux: Other-Worlding 9. Grace Wales Bonner: Spirit Movers 10. Julia Margaret Cameron and Francesca Woodman
Pharrell Williams' Louis Vuitton collection features a fusion of Native American and Americana influences. Pharrell Williams unveiled his second collection, blending Native American designs and modern luxury, at Louis Vuitton's Fall-Winter 2024 Men's Show in Paris. Loose-fitting proportions and fitted cowboy hats and boots were showcased, along with glimmering stripe jackets paired with flared pants. Dakota and Lakota artists were involved in the design, with intricate floral and geometric patterns on bags, scarves, and blankets telling stories of heritage and identity. The collection aimed to showcase the Native American spirit and resilience.
UPPER BROOKVILLE, NY 35 CHESTNUT HILL DRIVE This is a description of a luxurious estate located in Upper Brookville. The house was custom-built by the architectural firm Ike Kligerman Barlkey and features a unique combination of American Shingle style and English Arts and Crafts. The estate includes five acres of land, an oversized inground pool, and a charming pool house. The floor plan is open and spacious, with public rooms in the west wing and service and leisure rooms in the east wing. The house boasts exquisite craftsmanship and high-end materials, with features such as custom oak cabinetry, Kirkstone countertops, and Arts-andCraft stained-glass pocket windows. The master suite includes a romantic English bedroom and a bright, cheery bath with an oval tub and marble-topped vanities. - Maria Babaev - Luxurylongisland.com VIEW PROPERTY VIDEO
$7,800M
5
7+2
10,000+
5
Price
Beds
baths
Sqft
ACRES
MIAMI SOUTH FLORIDA TO LAUNCH WORLD'S FIRST PICKLEBALL STADIUM It's no surprise that pickleball has become a popular sport among retirees. And now, to solidify Florida's reputation as the ultimate retirement destination, the world's first pickleball stadium is set to open in Fort Lauderdale. Dubbed "The Fort," this premier social sports destination will be located in Snyder Park, just north of Miami and next to the Fort Lauderdale International Airport. The stadium, which is expected to open its doors in 2024, will feature 43 professional pickleball courts, 14 of which are weatherproof. But that's not all. The Fort will also house a sports shop and a fitness and recovery center to ensure that both amateur and seasoned players are in top shape for the game. From the renderings, it's clear that The Fort will be a unique and visually stunning facility, with a tropical midcentury vibe. Get ready to experience the ultimate pickleball extravaganza!
MIAMI'S FAVORITE BARTENDERS TEAM UP ON A DOWNTOWN APERITIVO BAR ViceVersa, a new aperitivo bar, offers an array of Italian spirits, vermouths, bitters, and amaros mixed with unexpected ingredients. The cocktail menu includes signature drinks like Avanguardia and Brucio in Bocca. The kitchen, led by chefs Carey Hynes and Justin Flit, serves Italian fare, including pizza, pasta, charcuterie, and fresh catches from the raw bar. The bar is a collaboration between Will Thompson and Carey Hynes of Jaguar Sun and Valentino Longo.
RESI SALES DIP, PRICES RISE ACROSS SOUTH FLORIDA IN DECEMBER Real Estate Sales and Prices in South Florida for December Despite a decline in residential sales, prices in the South Florida region continued to rise in December. Data collected by the Miami Association of Realtors’ Multiple Listing Service showed a total dollar volume of $3.6 billion in the tri-county area, indicating a 6 percent increase compared to the previous year's $3.4 billion. Notably, single-family homes in Miami demonstrated the most substantial growth in the region, highlighting a positive trend. READ FULL ARTICLE
NEW DEVELOPMENT SOUTH FLORIDA
THE RITZ-CARLTON RESIDENCE Palm Beach Gardens, FL
VILLA MIAMI
RIVER DISTRICT 14
Miami, FL
Miami, FL
OLARA RESIDENCE
BENTLEY RESIDENCE
West Palm Beach, FL
Sunny Isles Beach, FL
NEVADA Super Bowl LVIII: What You Need to Know Get ready for the Super Bowl LVIII, the excitement is palpable. The 2023 season will conclude with a game at Allegiant Stadium, home of the Las Vegas Raiders. The state of Nevada will be hosting the event for the first time. Allegiant Stadium is located on Al Davis Way, on the Las Vegas strip. Its construction began in 2017, and it opened in 2020. The stadium is a fully enclosed structure with ten floors, capable of holding up to 65,000 fans. With a construction cost of $1.9 billion, it is the second-most expensive stadium in the world. The Al Davis Memorial Torch is a unique feature of the stadium. The 92-foot torch pays tribute to the former owner of Raiders, and it was the world's largest 3D-printed structure at the time of its creation. The stadium boasts over 2,300 televisions and 75,000 square feet of video boards, ensuring fans will have a clear view of the game. Here's everything you need to know to watch the game: Date: Sunday, Feb. 11 Time: 6:30 p.m. Location: Allegiant Stadium (Paradise, Nevada) TV: CBS, Nickelodeon Stream: CBS broadcast on Paramount+ This will be the first time in NFL history the Super Bowl will be broadcast in two different formats. CBS will air the traditional broadcast of the game, and Nickelodeon will broadcast an exclusive children- and family-friendly telecast. You can stream the CBS broadcast on Paramount+.
WINE & SPIRITS CHROME HORSE SOCIETY
Chrome Horse Society Blanco is a bright platinum tequila, with high notes of citrus, layered aromas of spicy pepper, and a lingering warmth of fragrant sweetness. Innovative toasting techniques release herbal and floral aromas of the raw agave. Triple distillation in copper-plated column stills polishes the final product to produce a highly pure, artfully balanced tequila. A highly controlled fermentation process yields all fruit-forward flavors of pineapple, guava, pear, and spiced notes of pepper, clove, and mint.. AROMAS: Citrus, Herbal, Earthy Grass SECONDARY AROMAS: Fruity Guava, Pear, Pineapple, Spicy Pepper, Clove, Mint BODY: Medium 100 % ADDITIVE FREE
About Chrome Horse Society Tequila Founded by Equestrian and Socialite Jack Morgan, Chrome Horse Society Tequila launched in the US in 2023 and is available in 35 states. The tequila encompasses a unique and exciting experience to the vast growing industry by inviting consumers to join the elegant society. PURCHASE HERE
TECHNOLOGY
MERCER LABS MUSEUM OF ART AND TECHNOLOGY Mercer Labs transforms the museum experience. Through fifteen experimental exhibition spaces, interactive experiences, unique listening encounters and immersive installations, the relationship between art and technology is redefined. Artist Led Roy Nachum is the artist behind the design, construction, and creative vision of Mercer Labs. Renowned for his experimental artistic practice, Nachum examines human perception by pushing the frontiers of artistic expression. His work often features Braille poetry in relief, and the subject of a child with a gold crown covering their eyes. The Crown Kid symbolizes “blindness” born from displaced values and desires, while Braille enables tactile interaction. 21 Dey Street New York NY 10007 Located in the corner of Church & Dey St. Purchase Tickets Here
Uber is closing alcohol delivery service Drizly three years after acquistion Uber is shutting down Drizly, the alcohol delivery service it acquired for $1.1 billion in 2018. The plan to integrate Drizly into Uber Eats never materialized, and the Drizly brand will be discontinued by March 2024. Uber aims to focus on alcohol delivery through Uber Eats, where it claims to have doubled the business in the category globally. The decision to close Drizly comes after it suffered a data breach that affected 2.5 million customers, and following an order by the FTC to delete personal data not required to provide service. Uber had previously acquired Postmates for $2.65 billion in 2020.
NEW DEVELOPMENT INTERNATIONAL
PRATA RIVERSIDE VILLAGEL Lisbon, Portugal
ROCCO FORTE PRIVATE VILLAS Sicily, Italy
6
LOS JARDÍNES DE VELÁZQUEZ
Madrid, Spain
Beds
THE OWO RESIDENCE
PARK & SAYER
London SW1A
London SE17
MORTGAGE RATES Anticipated Mortgage Interest Rate Decrease in 2024. Mortgage rates are expected to decrease by almost 1% by the end of 2024, potentially reducing monthly payments by around $200 for a median-priced home. This aligns with projections from the National Association of Realtors, the Mortgage Bankers Association, and Bankrate. However, home prices are also expected to rise in 2024, although the degree of growth varies by region. Ultimately, whether or not it is a good time to buy a home depends on personal finances and location.
Understanding Mortgage Rates: Factors, Comparison, Qualification, Application, and Refinancing Here are some steps to compare mortgage rates: Shop around for lenders: Compare several lenders to find the best rates and lowest fees. Get several loan estimates: Review and compare loan estimates from several lenders. Get pre-approved for a mortgage: Pre-approval gives you a better idea of what you qualify for and at what interest rate. Consider a mortgage rate lock: A mortgage rate lock lets you lock in the current mortgage rate for a certain amount of time. Choose between an adjustable- and fixed-rate mortgage: The interest rate type can affect how much you pay over time, so consider your options carefully. Besides comparing mortgage rates, you can also use a mortgage calculator to determine your monthly payment amount and the total cost of the loan. However, keep in mind that certain fees like homeowners insurance or taxes might not be included in the calculations. Pros and Cons of Mortgages Taking out a mortgage can have many benefits, such as predictable monthly payments, potentially low interest rates, tax benefits, potential asset, and a credit score boost. However, it also has its downsides, such as expensive fees and interest, long-term debt, and potential rate changes. How to Qualify for a Mortgage To qualify for a mortgage, you need to have steady employment and income, review any assets, know your DTI, check your credit score, know the property type, choose the loan type, and prepare for upfront and closing costs. Requirements may vary by lender. How to Apply for a Mortgage To apply for a mortgage, compare lenders, get pre-approved, submit a formal application, wait for the lender to process your loan, and complete the closing process. How to Refinance a Mortgage Refinancing your mortgage lets you trade your current loan for a new one. You can refinance your mortgage if you want a lower interest rate or different rate type, a shorter repayment term, a smaller monthly payment, or need to remove the PMI from your loan. The refinancing process is similar to the process for the original loan.
THE NOVO TEAM M. Monica Novo Licensed Associate R.E. Broker 917-699-9227 MN@Elliman.com Top 2% Company Wide | Member of Knight Frank 1B+in Residential Sales
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