new york, For sale

New York, New York; a vibrant city that never sleeps; hosts the world’s largest financial centre and arguably the highest demand for it's highly desirable spaces. An island within a city, surrounded by water, with 843 acres of dedicated parkland, decades of high scale infrastructure development, sophisticated services and well established communities and societies. The experience of New York city is unlike any other.

If you are considering moving to New York, the various costs listed below will help you make an informed decision on what costs are involved when moving and living in the Big Apple.

New York Residential

Quick New York City Facts:

Population: 8,550.405 (2016 estimate) and 20.2 million in the greater New York metropolitan area.
Official Language: English (de facto)with 800 languages being spoken in New York City
GDP Per Capita: $63,925 USD
Hot dogs: It costs almost $300,000 to operate a hot dog stand around Central Park
Currency: US Dollar (US$). As of early 2017, £1 = $1.25, €1 = $1.08, $1 CAD = $0.75, $1 AUD = $0.77

U.S. buying costs

Ranging from low to moderate; roundtrip transaction cost is around 9% to 11%. Significant costs include the 6% real estate broker's fee and real property transfer tax, at around 1.425% in New York City. Total costs for legal fees, title search and insurance, and registration fees range from 1.70% to 3.50%.

The U.S. tax system

Rental income is categorized as either Effectively Connected Income, wherein it is taxed at progressive federal tax rates, or Fixed Determinable Annual Periodical income, wherein it is taxed at 30% withheld by the tenant. States also levy income taxes at varying rates.
Capital Gains is progressive with rates at 18% to 45% and an exemption of up to US$2,000,000. A Generation-Skipping Transfer Tax is also being levied on transfers to beneficiaries who are more than one generation younger than the transferor.estate tax
Inheritance: Federal tax for properties held for more than a year is 5%; otherwise the tax is 15%.
Residents: Resident foreigners, like U.S. citizens, are taxed on their worldwide income.

Manhattan

432 Park Avenue

An extraordinary 96 story tower that has redefined the Manhattan skyline

Located on Park Avenue between 56th and 57th Streets, 432 Park Avenue is the tallest residential building in the western hemisphere, designed by Rafael Vinoly

432 Park Avenue offers residences with spectacular views of Central Park, the Hudson and East Rivers, Atlantic Ocean and many iconic Manhattan buildings. A prime location in the epicentre of Manhattan.

The beautiful residences are designed by Deborah Berke Partners and epitomize elegance and sophistication. Residences feature 12 ½-ft high ceilings and large 10-ft by 10-ft glass windows. Building amenities include a private dining room with outdoor terrace, lounge, fitness centre, 75' swimming pool, conference rooms, theatre, valet, port cochere, concierge, and livery service.

On-site model residence is now available for viewing. Immediate Occupancy Available.

111 Murray St

111 Murray Street soars some 800 feet, offering 157 residences ranging from one-bedrooms to full-floor penthouses, many with cinematic views of the Manhattan skyline, Hudson River, New York Harbor and beyond.

This world-class condominium tower is a collaboration between some of the best and brightest minds in architecture and design, with architecture by Kohn Pedersen Fox, residence interiors by David Mann, amenities and public spaces by David Rockwell and landscape architecture by Edmund Hollander. With a gently curved crystalline facade, the building's sculptural silhouette softly flares to a peaked crown at its pinnacle, creating a bold new shape on the city skyline.

An elegant and tranquil, lushly landscaped building arrival is the prelude to the exceptional lifestyle that awaits beyond. Over 20,000 square feet of private indoor and outdoor spaces include two levels of state-of-the-art amenities spaces as well as stunning landscaped green spaces including an adjacent plaza that seamlessly integrates the interiors and the outdoors.

111 Murray Street offers multiple services for residents, such as a 24- hour doorman and concierge with services by Abigail Michaels, with an on-site lobby attendant.

A serene spa features a heated stone hammam, treatment rooms and men's and women's locker rooms with separate saunas. Other amenities include a 75' lap pool and a spa tub.

111 Murray Street occupies a privileged position in TriBeCa

Renzo Piano, 565 Broome,

565 Broome SoHo Residences by Renzo Piano Building Workshop. Announcing Pritzker prize-winning architect Renzo Piano's first City residential project. Located in SoHo, the best of downtown is just outside the door

565 Broome will be unlike any other project in SoHo, bringing world-class architecture and interior design to downtown's most desirable neighbourhood. With a curved façade clad in low-iron glass, this building will have incredible light, becoming a beacon for an ever-evolving downtown skyline.

Amenities include;

• Automated parking with a private driveway and gated entrance
• 24 hour concierge and lobby
• 55-ft indoor, heated lap pool
• Fitness centre & spa with steam and sauna rooms
• Select residences feature 25' private pools

Studios, one-, two-, three- and four-bedroom residences are available, including two duplex penthouses and 16th-floor duplexes.

56 Leonard

56 Leonard is located in the heart of Tribeca and offering panoramic views of Manhattan.

On the 38th floor is a 3 bedroom, 3.5 bath has almost 500 s/f of terrace space - 12' floor-to-ceiling windows. The main living area combines an open chef's kitchen and an extra-large terrace on the eastern side providing an abundance of space for dining and entertaining with sweeping city views of Midtowns spires, the Manhattan Bridge, Freedom Tower and New York Harbor.

Open chef's kitchen features an Absolute Black granite kitchen island, Corian counter tops; double Sub-Zero refrigerator, Miele double oven, six-burner cook top with fully vented hood, two dishwashers and a Sub-Zero wine cooler. A separate laundry room with a Maytag vented washer/ dryer and sink. Satin-etched glass storage cabinets and white oak flooring throughout the residence.

South and east-facing master suite with private terrace features a spa-like windowed five-fixture master bath of travertine and marble with radiant heated floors. Two additional bedrooms complete this home both with en-suite bathrooms. 211 s/f of storage and a parking space both available for purchase separately. 56 Leonard designed by Herzog & de Meuron, featuring an original Anish Kapoor sculpture at its base. 17,000 square feet of amenities including indoor pool, screening room, outdoor sundeck, fitness center, steam room, sauna, and children's playroom.

30 E 31

30 E 31's design reflects NoMad's eclectic architectural character by blending 1930s Art Deco and Neo-Gothic influences with modern sensibility and sumptuous materials. With its ornamental marquee and lattice crown, its distinctive presence will be felt from the street to the skyline.

Residences at 30 E 31 feature expansive floor-to-ceiling windows, allowing for abundant natural light and, in many residences, beautiful views of Midtown, the East River, the Empire State Building, and the southern skyline, including the historic architecture surrounding Madison Square Park. The thoughtfully appointed interiors offer rich finishes and modern luxury amenities, including 7-inch-wide plank European oak flooring, solid core interior doors, designer hardware, and custom architectural millwork throughout.

242 Broome, Lower East Side

242 Broome, Lower East Side, is designed with the upper floors face westward for maximum light; dramatic views; whilst internally, it utilises a sophisticated mix of materials - slab marble, blackened steel, warm woods.
Amenities include:

- 24 hour doorman, concierge and building manager
- Fitness centre with changing areas
- Entertainment lounge with kitchen, flex space and game area
- Rooftop terrace
- Residential storage units available for purchase
- Bicycle storage

Lower East Side possesses fascinating mix of cuisines, music, nightlife, art and shopping, supported by a culture of 21st century bohemians, innovators and artisans, the L.E.S. continues to be inventive and authentic.