Benjamin Dixon
Phone
(646) 645-8154
Email
[email protected]
Have you always wanted to live in Murray Hill but assumed you were priced out? In this new series, Brick looks at listings in New York City’s most in-demand neighborhoods for under $1 million—roughly the median sales price for Manhattan co-ops and condos—as well as higher-priced options below $2.5 million. If your goal is to live large, think small: Buying a studio or one bedroom is a way to net the nabe of your dreams. New to buying NYC real estate? ...
The doubling of interest rates in the past 18 months has certainly had a chilling effect on sales of all types of private homes, whether they be condos high in the sky, co-ops in quaint, pre-war walk-ups, or detached single family homes in manicured HOAs. The cost of ownership has gone up with just about everything else. No real relief is expected in the near future, and there are those in the world of economic prognostication who believe the era of art...
The Hetrick Martin Institute has raised more than $600,000 to support summer programming for LGBTQIA+ youth through its annual summer fundraiser, School's Out. The event was held in the Hamptons. HMI Chief Strategy Officer Soraya Elcock said kids need expanded services in the summer while they are out of school. “They need a sense of community and identity, so they can see other young people who are just like them,” Elcock said. “So in the summer, yo...
The Hetrick-Martin Institute is celebrating 23 years of supporting LGBTQ+ youth in New York City. This Saturday, July 15, the group is looking to set another record for its fundraising at its star-studded summer fundraiser.
This weeks homes are in Greenwich Village, Manhattanville and the Financial District.
Have the Hamptons without leaving Manhattan. From the front, this historic Greek Revival townhouse looks posh and buttoned up. But, like a mullet, it’s all business in the front — and party in the back. Indeed, beyond the unassuming brick facade of this tony 232 W. 15th St. property, the interior is thoroughly modern and features an entire floor dedicated to an indoor swimming pool. “Not only does the home have a full-size saltwater pool, it has a...
The pandemic-fueled home-buying frenzy is over, but hopeful home buyers shouldn’t expect an easy process this spring. Working against buyers is a continued affordability crunch given the median single-family existing-home price rose 4% in the past year to $378,700, according to the National Association of Realtors. Mortgage rates are hovering above 6%, with more rate increases to come. In addition, inventory levels remain low since about 70% of homeown...
The ups and downs of the 2022 real estate market continue to keep buyers wary about making a move — literally. But even as ominous headlines warn about a tumultuous market, three top New York City residential real estate experts say buyers are in a good position to realize their dream of home ownership with the help of a savvy team of professionals and wise planning.
STATEN ISLAND | 90 BAY STREET LANDING, NO. 9C St. George Condo $1.399 million A three-bedroom, three-and-a-half-bath, 2,200-square-foot apartment with a combined living and dining room that has beamed ceilings, stone accent walls and an electric fireplace; an open kitchen with quartzite counters and a breakfast bar; a primary suite with a windowed bathroom; two bedrooms with Murphy beds; and a dedicated parking space, on the top floor of the nine-stor...
When her office job required her to be in New York City three days a week, Kayla’s two-hour commute from New Jersey seemed daunting. She decided to move to be closer to her job and friends and landed in a one bedroom in Yorkville, where there’s much more to do than in Hackettstown. Here’s her story. I was born and mostly raised in Hackettstown, New Jersey. Growing up in a small town, I was always itching for a change of scenery and wanted to live as fa...
Over the past few years, the New York City condo and co-op market has experienced something of a perfect storm. Changes to the federal tax code and COVID-19 colluded to slow down the market, even as other areas around the country were soaring. The market staged a strong comeback as the COVID crisis receded, with prices rising and days-on-market falling throughout 2021. But the question now is, have the nation’s current economic woes, manifesting in in...
Greenwich Village Co-op • $1.25 million • MANHATTAN • 77 Bleecker Street, No. 122 A one-bedroom, two-bath, 800-square-foot duplex apartment with a combined living and dining room, a galley kitchen, a bedroom level divided by a partial wall to create a separate sleeping area and a home office, and hardwood floors, in a doorman elevator building.
You’ve found the perfect home and you’re ready and willing to put in an offer to make it your own. There’s just one problem: There is an encumbrance on it. What does that mean exactly? As the name suggests, an encumbrance is an interest or right, held by a third party, that encumbers — impedes, hinders or burdens — the function or activity of something (like a property) or some transaction (like a real estate sale). It sounds ominous, and it can be. B...
Coming up on the schedule of Hamptons open houses: Saturday morning is your chance to see an East Hampton treasure, located at 27 Hollyoak Avenue. On the market for $1.05 million, this home is represented by Jeanne Hutson of Brown Harris Stevens. Three bedrooms plus two bathrooms make up the single family, 1417 square foot space. The open first floor with a masonry fireplace, has a wrap around deck attached, accessible through French doors. Inside, har...
Whichever side of a real estate transaction you’re on, there is a very important question that must be asked when a home is bought or sold: How much does it cost? The answer is determined by a number of factors, and it can change from when the home is put on the market to when the sale officially closes. But when a home is first listed for sale, there’s an initial dollar amount that the sellers ask for: the asking price.
The Dan’s Out East End Impact Awards presented by NGLCC New York will be held on Sunday, August 14 at Calissa in Water Mill. The event recognizes and celebrates those who impact, influence and support the LGBTQ+ community of the East End. The afternoon will be one of celebration, dancing, great food, drink and most of all, connection. A silent/live raffle will held with 100% of proceeds benefitting local LGBTQ+ causes out east.
There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing they have listed their properties too late. For much of the country, real estate had been on a tear since the start of the pandemic. Home prices are up about 44% over the past two years, according to Redfin...
The annual Hetrick-Martin Institute’s Summer Benefit, Schools Out returned—and broke records! After a two-year hiatus, the popular Hetrick-Martin Institute’s Summer Benefit, Schools Out event in support of LGBTQIA+ youth returned to the Hamptons recently. Hosted at the ‘Arc House’ in East Hampton, the bash not only brought together a who’s who crowd of the LGBTQIA+ community and its allies on the East End, but also broke records by raising over $350,00...
Beat the heat this weekend with Hamptons open houses and visit Westhampton Beach for a double open house feature from Beechwood Homes, featuring two new residential developments at Country Pointe Estates and Oneck Landing. Country Pointe Estates on Depot Road features 22 separate homes in the area range from 2,500-to-5,500 square feet and start at $2 million. Oneck Landing is a four-parcel Moriches Bay enclave on Fiske Avenue. Two have sold and two pa...
The Hetrick-Martin Institute held its annual School’s Out benefit cocktail party and dinner at the Arc House in East Hampton on Saturday, July 9. The event raised over $350K for LGBTQIA+ youth services, the most in School’s Out history.
It’s easy to take the East End for granted — the beauty of its beaches, the special light, the rolling farms, the gorgeous homes. For Benjamin Dixon, a real estate broker at Douglas Elliman whose team (Mackay-Dixon) often sells those gorgeous homes both out east and in the city, the fact that a disproportionate number of LGBTQIA+ youth can’t even count on a home, with all of its comforts, is not lost on him. On July 9, Dixon will be gathering with hun...
John Stuart Mill, a 19th-century British economist, shared in his 1848 book “Principles of Political Economy” this general thought: “Landlords grow rich in their sleep.” He was right. In the nearly 175 years since, tremendous wealth derived from investing in real estate has been passed from generation to generation. But you don’t have to be a millionaire to start your own run as an investor. A modest purchase can turn into a profit — money you can re-...
From Westhampton to Montauk, what used to be viewed as a Hamptons weekend has changed. Urbanites who always fled the city on Friday afternoons and packed their downtime into two hectic days are now extending their beachy respites. They’re starting their weekends on Thursday afternoons — sometimes after a day of supposedly working remotely — and extending the party into the wee hours of Sunday evening and beyond. “Thursday is the new Friday,’’ said Rene...
From jaw-dropping amenities and palatial rentals to a bayside shopping blitz, the Hamptons real estate scene is buzzier than ever. (And also more expensive — see the Bridgehampton estate below that’s asking $1 million for a three-week rental this summer.) Here are few of the luxurious trends we’re following this season.
Turns out pent-up demand really was a thing. After a slow 2020, Manhattan’s residential market went into overdrive last year, pushing up home prices and wiping out inventory, particularly in the luxury segment. Despite scrambling to find listings for their eager clients, many agents enjoyed career-defining years. The Real Deal’s annual ranking of the city’s top brokers revealed that stalwarts posted record-breaking numbers, boosted by the return of ...
Consider these low-cost ways to sell a home fast by attracting buyers with great photos, fresh curb appeal and the right asking price.
Fredrik Eklund is a real estate broker with Douglas Elliman, but you might know him as the star of Bravo’s Million Dollar Listing. He's also one half of the Eklund|Gomes team along with his partner John Gomes, and together, they're known to close billions of dollars in sales across the country. His clientele are living the ultimate high life, so you know we have to see it for ourselves! Today, Eklund shares with us the top five homes Eklund|Gomes sold...
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.
Contact Us