Benjamin Dixon
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Consider these low-cost ways to sell a home fast by attracting buyers with great photos, fresh curb appeal and the right asking price.
Matthew Mackay, an associate broker with Douglas Elliman in New York points out that “During the holidays, people are traveling, attending parties and gatherings with friends and families, and shopping. They’re distracted. So traditionally, it was the slowest time of year.” This year, Mackay says, “There are plenty of buyers. With COVID there are also fewer people travelling, so they’re around to look at units. In this market, a seller can list on Dece...
As the value of real estate in New York City has soared - and for the most part been seemingly immune to market trends that have tanked other markets - buying apartments has become a legitimate form of investment for those with the means. New York real estate has traditionally been seen as a safe haven for wealth, and in particular as a hedge against political and economic risk endemic in much of the world. Indeed, for many years now foreign buyers have...
Hasty solutions, creative and expanded use of technology, and working from home have all affected the ways that buyers, sellers, and agents have gone about their business in the past two years. But will any of the old ways snap back once COVID becomes something we think about once the pandemic eases? Matthew Mackay, co-founder of The Mackay Dixon Team at Douglas Elliman in New York City, doesn’t think so. I asked him about the impact the epidemic has ma...
Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales. The “list price” is the asking price when the property came on the market with the most recent broker. The time on the market is measured from the most recent listing to the closing date of the sale.
The last few years have been something of a rollercoaster ride for New York’s co-op and condo markets. After reaching an historic high in 2016, a number of factors—among them the cap on federal income tax SALT deductions, overbuilding/oversupply in the luxury market, the COVID pandemic, and the fractious 2020 presidential election—converged to put downward pressure on the market. Now that the election is over, but with the pandemic dragging on, where mi...
For decades, the due diligence required for real estate transactions has fallen more to the seller than the buyer. Would the buyer qualify for the purchase? Would they pass the board interview? Co-op owners wishing to sell their units often lived in the shadow of requirements and approvals that were difficult to meet. As the market has shifted from sellers to buyers and extraneous circumstances such as the COVID pandemic and global climate change have a...
COVID tension and stress has hit everyone this year, including executives and entrepreneurs. It has also altered the way we work, coupled with the need to hold steady, adjust, or even grow during the pandemic. As such, August, normally a time for vacations, is being viewed as an opportunity to prepare for the all-important fourth quarter. Here are how some leading professionals are making use of this time.
Is the New York City real estate market back to normal? It’s a subject up for debate, with sources like the Times (yes) and Bloomberg (no) in disagreement. With the Delta variant of COVID-19 driving more change every day in behaviors and regulations in public spaces and workplaces alike, and most employers not settling on policies for vaccination requirements for in-person work or for the degree of remote work they will allow as of yet, the market for ...
Rita Cantina, a festive Mexican restaurant in the Hamptons, has been getting a lot of attention since opening this summer. On a recent Wednesday night Hannah Bronfman and Brendan Fallis were seated in one corner, enjoying items like margaritas and littleneck clams. At the bar, spirited diners in fedoras and crop tops slammed back tequila and danced to Bad Bunny. Adam Miller, 32, one of the owners, ran around taking drink orders. “If people are there, ...
Interior decorator/potter Jonathan Adler and his spouse, fashion commentator Simon Doonan, the creative ambassador at large for Barneys, have sold their Greenwich Village prewar duplex for $4.6 million
An impressive 38 high-end Manhattan homes found buyers in the week ending Sunday, marking the borough’s busiest luxury week in close to five years, according to the latest luxury report from Olshan Realty on Monday. The “spectacular number,” is the highest level of luxury contracts—defined as those asking $4 million or more—signed since the first week of August 2016. And collectively those deals totaled $351.5 million, the most since December 2017, wro...
The most expensive contract last week was a nearly 7,000-square-foot penthouse at Chetrit Group and Clipper Equity’s The Tower at Gramercy Square. The five-bedroom condo at 215 East 19th Street also has a private 5,680-square-foot terrace with exposures in all directions. Douglas Elliman’s Matthew MacKay represented the developer, while his business partner Ben Dixon represented the buyers, who were New York locals and had been looking at the unit sinc...
Several architecturally adventurous condominiums have taken shape on either side of the onetime train tracks.
City Realty listings show that the median price of a Manhattan condo is $2,247,199, or $1,731 per square foot.
The Mackay Dixon Team is adept at guiding people through the often-stressful financial decisions that need to be made when buying or selling a home.
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