Sue's News and Views, May 2025
Sue's News and Views, May 2025 - test 2  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Sue's News and Views,

May 2025

Dear All,


Whether you're a homeowner or a renter - you will need insurance. And insurance premiums are skyrocketing.

The top five biggest increases in 2024 were in:

1. Utah: +59%

2. Illinois: +50%

3. Arizona: +48%

4. Pennsylvania: +44%

5. Nebraska: +35%

Florida was #13 (+29%), California #21 (+25%) on the list, New York State #33 (+13%). And even in New York City, which wasn't hit by any major climate events in 2024 - premiums only move in one direction: upwards; to around +50%.

These are the factors that have driven up rates (and insurance providers now anticipate these events:)

- Climate-related: Wildfires, flooding and severe weather events are damaging more homes

- Inflation: Rising labor, construction and building material costs have made homes more expensive to build and repair.

- Reinsurance: The reinsurance market is tight and rates have increased as providers pass the cost onto customers

- Weak regulatory oversight: State insurance commissioners have given insurers much more leeway in raising premiums.

These are some ways to reduce premiums, besides shopping around for competitive bids:

1. Bundle home and car insurance

2. Evaluate what coverage you do and don't need.

3. Raise deductibles.

4. Improve your credit.

(CNBC)


Comparison shopping for insurance has become a Kafkaesque task that takes time and will test your patience. What I can recommend: shop around soon enough, so you'll have your insurance binder ready to go when the closing date or lease signing is approaching!


Here's to a sunny and happy May and scroll down to my events section of fabulous NYC May events, curated for you by me.


Warmly,

sue


Real Estate in the News

Compass Manhattan Market Report Q 1, 2025

(click into the image to open)

The #1 Thing Sellers Need to Know About Their Asking Price

When you put your house on the market, you want to sell it quickly and for the best price possible; that’s generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has grown. The side effect? Price cuts are on the rise, but they really don’t have to be. Here’s why.

NYC Weekly Luxury Reports

Manhattan, Brooklyn and Queens.

(click into the image to open)

NYC May Events

MAY 4, 6 AND 7:30PM


Jim Ridl Quartet

The best way to hear this music is LIVE!

The fantastic Jim Ridl quartet will play two sets on Sunday.

Jim Ridl - piano

Myron Walden - sax

Conrad Korsch - bass

Joel Rosenblatt - drums


At The Diango

2 Avenue of the Americas

Reservations HERE

The Frick Collection

Now open: After a $ 220 million renovation and expansion, inside and out, The Frick Collection has finally re-opened!


Wed through Sun 11 am - 6pm (Fridays - 9pm), ay what you wish-admission Wed 2-6pm

The Frick Collection:

1 East 70th St.

The Frick Art Research Library:

10 East 71st St.

MAY 7, 7:30-9:30PM

Piano on Park:

Hear This Now!

An evening featuring new chamber music written by Randal Despommier, Ben Rosenblum, Andrea Casarrubios, Marc Migó and Cyrus von Hochstetter.

Church of the Advent Hope

111 East 87th Street

Choose-what-you-pay-admission tickets HERE

MAY 10, 7:30PM

Tommaso Perazzo

at the Harlem Flophouse

Tommaso Perazzo and his Jazz Trio will enchant you in the intimate concert setting of the Harlem Flophouse.

A gentle and incredibly versatile virtuoso - this young musician has

soul, heart, passion, rhythm and style.

The Harlem Flophouse

242 W 123rd St.

Tickets HERE

THROUGH JULY 6

Purpose

on Broadway

"A merciless dissection of hypocrisy — You may have trouble catching your breath from laughing so hard.” NYT

“A thrilling Battle Royale… A hilarious war of all against all. The superb Steppenwolf ensemble gives Bravura performances.” The New Yorker

The Hayes Theatre

240 W 44th St.

Don't miss it! Tickets HERE

Every Friday - Sunday in May

Bryant Park Spring Makers Market

Shop local at the Makers Market by Urbanspace. More than 175 vendors will showcase art, jewelry, food, and handcrafted goods at Bryant Park from April 18 through June 1. Open Fridays–Sundays, 11 AM–7 PM, and on Memorial Day (Monday, May 26), the market features new eco-friendly and artisan vendors alongside returning favorites.

Click HERE for more details!

THROUGH AUGUST 10

Amy Sherald:

American Sublime

Amy Sherald is a storyteller. She creates precisely crafted narratives of American life, selecting, styling, and photographing her sitters as the foundation for her nuanced paintings. They center everyday Black Americans, compelling in their individuality and extraordinary in their ordinariness, inviting viewers to step into Sherald’s imagined worlds.

Whitney Museum of American Arts, 99 Gansevoort Street

May 10 & May 24

Dragon Fest Food Festival

Enjoy Dragon Fest this May, with two exciting days of food, art, and performances. Visit 6th Ave (30th–31st St) on May 10 for traditional Dragon Fest festivities, and don't miss the panda-themed fun at Astor Place on May 24 for a special "Panda Day," featuring treats like shaved ice from Dragon Lulu, Candied Hawthorn from 80’s Rabbit, and Panda Boba Tea from Master Panda.

Click HERE for more details!

May 17

Kite Festival at Brooklyn Bridge Park

Celebrate spring at the annual Kite Festival on Saturday, May 17 from 11 AM–3 PM! For one day only, kite flying is open to the public, offering a colorful spectacle set against the Manhattan skyline. Bring your own kite, purchase one, or craft your own on-site, and enjoy a day filled with hands-on activities, classic lawn games, and family-friendly fun. Free and open to all ages.

Click HERE for more details!

Lifestyle Tips and Tricks

15 Secrets to Selling Your Home Faster

Great photos, fresh curb appeal and the right asking price are just some of the ways you can close a deal quickly.

49 Beautiful Outdoor Rugs for Every Style and Need

Make your outdoor space an inviting place to lounge by adding a pretty and practical rug.

How to Design a Garden from Scratch

A beginners guide to gardening and landscape design from garden designer Angel Collins, who takes us through everything you need to know when planning a garden from scratch.

Home Features That Will Increase the Value of Your Property

Pros weigh in on which home extras—from smart technology and pot fillers to garbage disposals—are truly worth your money.

The R-Team's Featured Listings

Washington Heights

47 Fort Washington Avenue, Unit 55

3 BD 1 BA $769,000

Washington Heights

790 Riverside Drive,

Unit 2LX

2 BD 1 BA $725,000

Upper West Side

392 Central Park West, Unit 6T

0.5 BD 1 BA 540 SF $675,000

Hell's Kitchen

344 West 49th Street, Unit 3G

1 BD 1 BA 647 SF $635,000

Central Harlem

171 West 131st Street,

Unit 603

1 BD 1 BA 650 SF $600,000

Hudson Heights

250 Cabrini Boulevard, Unit 5C

2 BD 1 BA $560,000

Washington Heights

790 Riverside Drive,

Unit 5F

1 BD 1 BA $549,000

Hamilton Heights

100 Hamilton Place,

Unit 2F

2 BD 1 BA $524,900

Hudson Heights

100 Overlook Terrace, Unit 85

1 BD 1 BA $365,000

Washington Heights

720 West 173rd Street, Unit 59

1 BD 1 BA $329,000

Thanks for reading and subscribing!

Ready to achieve your next real estate goal?

Sue Mathys


Licensed Real Estate Salesperson Licensed as

Susanne Mathys-Huerzeler

The R-Team

M: 917.667.9407

sue.mathys@compass.com

Office: 646-982-0353
Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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