This Amenity-Rich NYC Home Has Over 5,000 Square Feet and Overlooks Iconic Park Avenue
As far as streets in Manhattan go, it doesn’t get more iconic than Park Avenue. This sprawling two-level 5,000 square-foot residence brings together the prestige of a Park Avenue address complete with the promise of being able to gaze down at one of New York’s most celebrated avenues from your own home. Recently brought to market by Coldwell Banker Warburg’s Wendy Greenbaum for $11.995 million, the home occupies the 8th and part of the 7th floor. The magnificent home offers 12 rooms of unparalleled elegance. Ceilings soar to nearly 11 feet. Rich herringbone floors and exquisite custom millwork express timeless elegance throughout. The expansive living room, with breathtaking Park Avenue views, offers a space that’s perfect for entertaining or simply soaking in the breathtaking cityscape.A large, eat-in remodeled kitchen boasts top-of-the-line appliances and bespoke cabinetry. The primary bedroom is a palatial retreat, featuring a luxurious en-suite bath and a dedicated study for quiet moments. Five additional bedrooms and five-and-a-half bathrooms provide ample space for family and guests.Beyond its grand interiors, this residence promises unparalleled comfort and convenience for its next owner. A private elevator landing leads to a spacious entrance gallery, while a dedicated laundry room caters to everyday needs. A tucked-away den offers a cozy haven, while the northwest corner boasts a stunning private library with yet another view of Park Avenue – an ultimate sanctuary for book lovers.Located in the prestigious white-glove co-op building designed by renowned architects Pleasants Pennington and Albert Lewis in 1928, this residence enjoys a coveted location at the corner of Park Avenue and 84th Street. Central Park, The Met, and the vibrant Upper East Side are all within easy reach, offering endless possibilities for exploration and leisure.The post This Amenity-Rich NYC Home Has Over 5,000 Square Feet and Overlooks Iconic Park Avenue appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.
A Future Waiting to Be Shaped
As February gets underway and we march full swing into 2024, I’ve got the future of luxury on my mind. No other resource in the Coldwell Banker Global Luxury® marketing arsenal speaks to the future of luxury quite like The Trend Report. Freshly launched just a few weeks ago, this industry-leading, forward-looking report covers the latest and greatest luxury real estate trends driving the market. It has sparked some incredible conversations already and made headlines like Inman’s “Luxury Real Estate Is Shifting Out of Neutral.” We’re always thrilled to see The Trend Report garner the media coverage that it does (thanks to our talented public relations team), but we’re even more excited about the opportunities it generates for Coldwell Banker Global Luxury Property Specialists. Many of you have already taken advantage of the complimentary customization option available through Marketing Center so you can share it with your clients. Several of you have even taken it a step further and sought full market customizations with our data partner. As always, collaboration fuels our collective success, and your engagement with the report is invaluable. Consider it an investment in your future as a Luxury Property Specialist!We’re constantly seeking ways to empower our Luxury Property Specialists with the knowledge and resources they need to thrive. With that in mind, we’re excited to kick off a new quarterly virtual series called “This Quarter at Luxury” on February 27. Think of it as the educational companion to The Trend Report. You’ll gain current insights into trends, marketing strategies, and emerging patterns impacting the luxury market. Additionally, top Global Luxury Property Specialists Jade Mills, Carrie Wells, and Danny Hertzberg will share their perspectives on the year ahead. Make sure to mark your calendars!Lastly, I want to call your attention to several stories on our blog this month that capture the future of luxury beautifully. The first is a Q&A session with the Sklar Team in South Florida as they pinpoint a trend many of you are likely seeing in your local markets: a growing desire among buyers for “have-it-all” properties — perfect locations, amenity-filled homes, fully customized homes, large format living. Tying into our groundbreaking “Best of the Best” guide launched at the end of last year, we also curated some truly stunning statement kitchens that highlight what’s new and now for today’s finest homes.While we were inspired by the “future of luxury” this month, we are not trying to fit the idea of luxury into a box. Rather, we are trying to elevate luxury as it’s seen through our client’s eyes. It’s about appreciating their vision and imagination for how they want to live, and celebrating the expertise of our Luxury Property Specialists – those who dare to look beyond the present and glimpse a future waiting to be shaped.The post A Future Waiting to Be Shaped appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.
“Quiet Luxury” Moves from the Runways to the Stock Market
Remember “quiet luxury” and “stealth wealth”? They were the trendiest buzzwords in the fashion world last year as the wealthy (or aspirationally wealthy) gravitated towards products that whispered as opposed to screamed fine quality. Flashy logos and conspicuous consumption are still out for 2024 — but the quiet luxury movement is not just relegated to the runways now, it’s also turning up in investment portfolios. Per CNBC, Hermes, Prada-owned Miu Miu and Brunello Cucinelli are among the “quiet luxury” brand names that are performing well as stocks. These companies outperformed their loud peers by 23% points, said Hou Wey Fook, chief investment officer of DBS Bank. Investors appear to be looking beyond traditional luxury picks like Gucci and Burberry. LVMH, Richemont, and Swatch are also investor favorites, as they’re better known for their understated elegance. Photo by nic chi on UnsplashIn general, luxury stocks are often recession-proof since they cater to high-net-worth individuals who aren’t as fazed by economic downturns. But the widespread embrace of quiet luxury reflects a genuine shift in consumer behavior that luxury real estate professionals should watch closely. This isn’t just about picking stocks. It’s about understanding luxury buyers and sellers, and the world they live in. Affluent buyers are likely looking for homes that exude quality and craftsmanship, as opposed to screaming “luxury” with flashy status symbols and designer labels. By staying ahead of the curve on trends like quiet luxury, agents can become trusted advisors and build lasting relationships with their high-value clients.Craftsmanship, quality, and timeless design win the day when it comes to luxury properties right now. The post “Quiet Luxury” Moves from the Runways to the Stock Market appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.
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