Somehow, my wife got her name onto the distribution list of a magazine (of sorts) called Luxury Listings NYC. It’s delivered right to our doorstep! We received the first copy a couple of months ago, but neither one of us looked at it. We’re not really in the market for a multi-million dollar penthouse apartment. This time, though, with the recent institution of this here blog, I browsed through it when it arrived. It was Sunday morning, and no one else was awake yet. It seemed like a good time.
I was going to scan some of the pages, but then, in my ever-resourceful resourcefulness, I had the idea to search on Google for ‘“Luxury Listings NYC” PDF’ instead, and found it! You can view non-downloadable PDFs of the first issue, Jan/Feb, and of the current issue, Mar/Apr.
The magazine covers every neighborhood-product in Manhattan below 110th Street: Upper East Side; Upper West Side; Midtown; Gramercy; Chelsea; Greenwich Village; Soho; Tribeca; Lower East Side; and Financial District. Every section has a “Celeb real estate in the neighborhood” listing too, telling which celebrities also live in that neighborhood — a strong selling point for Wall Street types!
I took some screen shots of a few of the fascinating tidbits of information you can find there, but none of the ads for apartments themselves.
If you live in Manhattan, you can subscribe for free. Outside of Manhattan, a subscription is $95/year.
General
This is the one that surprised me the most. I’m not shocked to see selling prices in the tens of millions of dollars, but I don’t think I’ve ever considered a rental above ~$5,000/month. (I’ve also never considered rents outside the neighborhoods I’ve lived in).
By way of comparison, the median annual income in Manhattan is $67,204;
NYC: $51,270; NYS: $56,951; US: $52,762.
Speaking of medians, which neighborhood in New York is the most expensive?
The results may surprise you.
If it’s any consolation, it’s always worse somewhere else (there’s a quote by Arthur Schopenhauer: “The most effective consolation in every misfortune and every afflication is to observe others who are more unfortunate than we: and everyone can do this. But what does that say for the condition of the whole?”):
What keeps the 1% up at night?
Biggest Community News Affecting Local Real Estate
Upper East Side
Upper West Side
Money can’t always buy peace of mind! Not when bedbugs are concerned.
Midtown
It seems in real estate cartography, Midtown stretches from river to river. No more Hells Kitchen, no more Clinton, not even Midtown West. Just Midtown.
Gramercy
Chelsea
Soho
Lower East Side
Finally, like all good magazines, Luxury Listings NYC has a humor page. Celebrities say the darndest things!
Ha ha ha! Those are some real knee-slappers!
Well, I hope you’ve enjoyed this little romp through the joys and woes of the 1%’s search for luxury digs. Come back again!
Quilas 