Q4 Numbers | Manhattan
Welcome to New York 2022.
Restaurants are full, the real estate market in New York City is raging and optimism is in the air. In what can only be described as a monumental comeback, Manhattan is experiencing one of the greatest real estate markets ever. With $30 billion in sales volume and over 16,000 contracts signed, it’s not a surprise to anyone that 2021 was the best year ever for Manhattan real estate.
The fourth quarter alone was one of the strongest on record, with a 47% annual rise in contracts signed, an 89% increase in closings, and $8 billion in sales volume. Manhattan fourth quarter inventory fell to its lowest level since 2016—its sharpest year-over-year drop ever. 2021 was perhaps the best year ever for the Manhattan market.
Seller’s, it’s your time to shine. Expect lines around the block for well-priced open houses and buyers, don’t fret, money is still cheap enough to borrow to make winning a bidding war worth it. While the market continues to favor sellers with rising prices and diminishing inventory, we’re still seeing buyers take advantage of cheap money before any interest rate hikes in 2022. Confidence in Manhattan’s resiliency, largely led by the high percentage of vaccinated New Yorkers, is propelling us into 2022 with powerful momentum.
Q4 Numbers | Brooklyn
Were you even looking in Brooklyn last year if you were not involved in a bidding war? Multiple offers were the norm and I see that trend continuing in 2022 - especially for two bedrooms priced around $1.5M and any townhouse priced under $4M. Other price segments will be competitive as well, but in those circles, expect madness.
In Q4, the Brooklyn real estate market reached new heights, with a record number of closings and an astounding $8.1B in sales volume. The fourth quarter also hit a new benchmark, with over 1,900 apartments closed—a notable year-over-year growth of 15%.
Buyers are still actively searching for larger homes, driving sales in neighborhoods across the borough, proving that the demand to plant roots in Brooklyn is strong. So strong, in fact, that we’re seeing the lowest inventory level in seven years, which is leading to a 17% annual increase in average pricing. Buyers continue to recognize the perks of living in the borough, and Brooklyn has quite simply never been hotter.
Best Outdoor Dining in NYC
Arlo Hotel | Soho
Where: 231 Hudson St, New York, NY 10013
Do all these below-freezing temps have you dreaming you were off in a cozy cabin somewhere, watching the flakes fall from the comfort of a warm, rustic space? Well, turns out you can make that dream come true without even having to leave Manhattan. Once again this year, The Arlo Soho, is offering two fully-furnished cabins that you can book with a group of lumberjack cosplaying friends. This year, however, the cabins double as a perfect socially distanced getaway that you can enjoy with your pod.
Dr. Clark’s | Chinatown
Where: 104 Bayard St, New York, NY 10013
If you haven’t eaten at one of Dr Clark’s cold-weather kotatsu tables, you haven’t done New York outdoor dining right. Think of a sunken low table outfitted with heavy blankets on all sides so that the remote-controlled heater underneath keeps you warm. Food-wise, it’s straight out of Hokkaido’s izakayas, so veer for the classic tabletop grilled Jingisukan lamb. Pro tip: Add a portion of yaki udon noodles to soak up the juices post grilling.
Osteria 57 | West Village
Where: 57 West 10th, New York, NY 10011
West Village favorite Osteria 57 offers rustic wooden cabins inspired by luxe ski chalets. Escape to the Italian Alps for the night while customizing your own music playlist and feasting on dish after dish from Chef Riccardo Orfino’s indulgent Italian specialties.
Court Street Tavern | Cobble Hill
Where: 449 Court St, Brooklyn
This beautiful bistro located in one of the oldest bars in Brooklyn, is the perfect spot to cozy up with a menu that focuses on a range of classic American snacks and starters. Additionally, they have an awesome outdoor skating rink from December to March.
Log Cabins For Weekend Retreat
863 Howard Greene Road | Roxbury, CT
3BR | 2BA | 99 Acres | $1,800,000
This STUNNING ESTATE is situated on 99 ACRES with panoramic breathtaking views of the Denver Vega Valley. Property features a tun-key rustic-chic log home and a beautiful new barn with a kitchen and bathrooms. The Cabin - perfect for entertaining with a huge wrap-around multi-level deck to take in the magnificent views and a gorgeous outdoor entertainment area paved with native bluestone and a stone fire-pit.
Listed By: Peggy Bellar - The Catskill Dream Team
3BR | 2BA | $850,000
Expertly crafted by hand, this log home is a must-see for any- one wanting a peaceful hide- away nestled amongst the trees. This is a warm and inviting home that offers an idyllic sanctuary on cold winter nights as well as the perfect base for sum- mertime hiking and adventure. There are three bedrooms and two full baths spread through- out the two levels of living. The owner’s suite is housed upstairs, warmed by a fireplace and with access to a loft-style office and a bathroom with mountain views. 2 Hrs from NYC
Listed By: Karen Gilbane - Halter Associates Realty
On The Market
Impeccably-renovated 17’-wide, 4500 sq ft Chelsea townhouse with 5 spacious floors, a fabulous 2-level garden-deck, and rooftop terrace that can become your urban oasis! Built circa 1848, 258 West 24th Street is a handsome historic gem that’s been transformed to a modern beauty, located moments from the Highline, Hudson Yards, Chelsea Piers, Nomad, Flatiron and much more.
258 West 24th Street | Chelsea | Townhouse | Priced at: $9,500,000
Curtesy: Victoria Reichelt - Corcoran
Luxurious top floor penthouse at The Beekman Residences; connected to the iconic and cleverly stylish, Beekman Hotel; located on the edge of the Financial District, and a stone’s throw away from Tribeca! The Penthouse boasts almost 17 foot ceilings, combined with floor to ceiling glass windows in the 50’ long by 20’ wide great room; displaying breathtaking panoramic downtown cityscape views, both Hudson and East Rivers, as well as the New York City skyline.
5 Beekman Street, PH51 | FiDi | 3BD 3.5BA | Priced at: $37,500/month
Curtesy: Matthew Vinci - Corcoran
Off Market Terrace Lovers Dream
Walls of windows frame stunning views across Manhattan’s glittering lights in gracious 3 bedroom, 2.5 bathroom home with 10.5 feet ceilings. Enormous wrap terrace with access from every major room provides northern, southern, eastern and western views. This intimate “Green” condo is comprised of just 6 units and enjoys full service amenities such as 24-hour concierge, on-site attended parking garage, private health club, rooftop sky deck, library and special events room.
500 West 53rd Street, 6A | Hells Kitchen | 3BD 2.5BA | Price Upon Request
Book A Summer Escape
Everyone knows getting to The Hamptons takes time, right? Did you know that the trip out east starts in the winter? To get a great house on the East End, you need to have the foresight to look early.
Now is when the savvy renters scoop up all the good rentals before the market gets nuts in the spring. All the good houses are gone by March - So you might want to book your Summer house now. If you need help, we have fabulous options. Like this magnificent North Haven waterfront with dock.
Spacious and pristine, the Peter Cook-designed home is completely new and beautifully decorated. Very pretty and very comfortable, with 6 Beds, 6.5 Baths, open kitchen with breakfast bar, dining area, and great room. This beachfront home is right on Shelter Island Sound, where you'll watch the yachts roll by and the picturesque Wednesday night sailboat races too.
Sag Harbor Rental
Memorial Day to Labor Day - $750,000
Listing Courtesy of Mala Sander of Corcoran
Martini February
- 1/2 ounce coffee liqueur (usually Kahlua)
- 1 ounce espresso freshly brewed (or cold brew concentrate)
- 1/2 ounce simple syrup
- Garnish: coffee beans
Direction
Brew the coffee and let it cool completely.
Step 2
Add ice to a cocktail shaker. Add the cooled coffee, simple syrup, Kahlua & Vodka.
Step 3
Shake very hard so the foam is formed. Strain it quickly into a martini glass. Top with coffee beans, serve.
Cheers!
Daniel
Licensed Associate RE Broker
Union Square Top Agent 2019,2020
m. 646-549-0258
Licensed in NY and CT
My new website - danielkrampnyc.com
