A model residence opens at 393 West End Avenue
New York City designerCrystal Sinclair has unveiled a model residence at393 West End Avenue, a 1920s building on the Upper West Side updated for 21st-century living byCetraRuddy.On the market for $6.13 million, the apartment at 14A is styled ingeometric shapes, warm tones, and vintage furnishings that Sinclair says “invoke the carefree spirit of the 1970s.”
Much of the furniture is vintage and sourced from Europe and Brazil to create an inviting and relaxed atmosphere. Those pieces are complemented by wood-veneer Phillip Jeffries wallpaper and furnishings by Vladimir Kagan and Raymond Loewy.A triangular Moroccan wool rug from Sinclair’s personal collection contrasts with the livingroom’s curves and cylinders and enhances the disco-era vibe. Sinclar describesthe four-bedroomapartment’s color palette of rich browns, creamy whites, and soft pinks as a “sunset on a plateau desert.”
According to the buildings’ developers, Rabina, the building is one of the last condo conversions in the West End–Collegiate Historic District due to the neighborhood’s landmark status.
Sales for 393 West End Avenue launchedlast April, with Louise Phillips Forbes of The Louise Phillips Forbes Team at Brown Harris Stevens leading sales. Move-ins are expected to commence in the spring.
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A measure passed by the legislature in June would have let municipalities apply higher tax rates to those homes. But Hochel vetoed the bill on December 29, concerned it would deter new construction. “At a time when New York state is in the midst of a statewide housing crisis, this would be an unacceptable outcome,” the governor said in her veto statement.
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As an expert in real estate and design, I have a comprehensive understanding of the intricate dynamics between architecture, interior styling, and the real estate market. My wealth of knowledge extends to the latest trends, key players, and noteworthy developments in the industry.
In the recent unveiling of a model residence at 393 West End Avenue, New York City, by designer Crystal Sinclair, my expertise allows me to delve into the nuanced details of this 1920s building's transformation into a 21st-century living space. The project, led by CetraRuddy, showcases an apartment at 14A with a listing price of $6.13 million. Sinclair's design philosophy for this property involves the integration of geometric shapes, warm tones, and vintage furnishings, creating an ambiance that she describes as invoking the carefree spirit of the 1970s.
Sinclair's careful curation of vintage furniture sourced from Europe and Brazil, combined with wood-veneer Phillip Jeffries wallpaper and pieces by designers like Vladimir Kagan and Raymond Loewy, demonstrates a keen eye for blending historical elements with modern aesthetics. The inclusion of a triangular Moroccan wool rug from Sinclair's personal collection further enhances the living room's distinctive features, contributing to a disco-era vibe within the residence.
The color palette chosen for the four-bedroom apartment comprises rich browns, creamy whites, and soft pinks, creating an atmosphere described by Sinclair as a "sunset on a plateau desert." This deliberate selection of colors not only reflects the designer's artistic sensibility but also aims to evoke specific emotions and moods within the living space.
Moreover, my in-depth knowledge of the real estate market allows me to provide context to the background of 393 West End Avenue. As highlighted by the developers, Rabina, the building represents one of the last condo conversions in the West End–Collegiate Historic District, primarily due to the neighborhood's landmark status. The sales process for this development commenced in April, led by Louise Phillips Forbes of The Louise Phillips Forbes Team at Brown Harris Stevens, with move-ins expected in the upcoming spring.
Shifting the focus to broader real estate news in New York, my expertise allows me to analyze Governor Kathy Hochul's recent veto of a bill targeting a condo tax loophole. This veto is significant in the context of New York housing law, which currently allows single-family homes on large lots to be designated as condominiums and assessed at a lower tax rate than traditional single-family properties. The implications of Hochul's decision, concerned with its potential impact on new construction amid a statewide housing crisis, highlight the interconnectedness of legislative decisions and the real estate landscape.
Lastly, my knowledge encompasses the trends observed in Manhattan's real estate market at the close of 2022. According to a report from Serhant, there was a notable softening in the market with a 28.2% decrease in sales compared to the fourth quarter of 2021. Despite this decline, the median sales price only experienced a marginal dip of 1%, while the average sales price increased by 5.6%. Noteworthy is the uptick in the luxury market, where deals at $10 million or above accounted for 2.3% of transactions, showing a slight improvement from previous quarters.
In conclusion, my demonstrated expertise in real estate and design allows me to provide a comprehensive analysis of the model residence at 393 West End Avenue, contextualize its place within the broader real estate landscape of New York, and interpret recent legislative decisions impacting the industry.
