Sue's News and Views, February 2025

NYC Real Estate and Events curated for you by me ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Sue's News and Views

February 2025

Dear All,

My year begins promisingly with closings of two heart projects: Assisting my acting master teacher's in selling her home in Weehawken NJ, and the purchase of buyer clients (and theatre performer colleagues) of a NYC pied-à-terre. People who have been in my life for decades and have been passionate theatre companions throughout the years. Congratulations to both, thank you for reaching out to me, and thank you for your trust!

The house in Weehawken was listed by a R-team member who's licensed in the state of NJ. The Compass referral network is helpful and powerful, and now, with Compass'acquisition of Christie's and @properties it is expanding internationally. I can make those resources work for you!

Another important update, implemented on January 13, 2025:

Before we show properties to interested buyers, buyer's representation agreements are required, nationwide. These will lead to more transparency, with the side effect that it will strenghten the relationship and trust between client and agent. What has been customary for seller clients, and for buyer clients in around 20 states already for years, has now become a national requirement. If you have any questions about this new provision - reach out, I'll be happy to share more specifics and answer your questions.

The Fed left its overnight borrowing rate at 4.25%-4.5%. Investors had anticipated this pause after three consecutive cuts since September 2024. Inflation remains somewhat elevated; the unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. They need to see real progress on inflation or weakness in the labor market before more cuts. The 10-year Treasury dipped.... (CNBC)

"If what you’re hoping or wishing for is an interest rate at 4%, or housing prices to drop 20%, I personally don’t think either one of those things is remotely likely in the near term,” - Lee Baker (CNBC)

We're approaching the spring market and already seeing promising new listing activity. This is a great time to buy, before inventory will decrease, as trends research shows.

The rental inventory has sunk to a historical level already. with th highest demand in Brooklyn and Manhattan. The city's housing crisis is hitting low-income people the hardest, with the vacancy rate for apartments below $1,650 per month being less than 1%. In 2025, rent prices may increase by up to 3%. The increased inventory of new developments in Brooklyn and Queens should help stabilize the city's rental market and slow rent growth.

There is a very impressive volume of NEW DEVELOPMENTS - newly constructed or gut renovated/repurposed houses, condos, etc - around the US, and COMPASS represents tens of billions of dollars worth of these beautiful new home options. Our COMPASS New Developments and Marketing Division is a nationwide powerhouse addressing the housing shortage challenges - at all price points and sizes - around the US, helping builders and developers create and market these new properties.

If you are curious - don't hesitate to reach out. I'll be happy to chat with you!

Warm regards,

sue

321 East 45th Street, Unit 10E

STUDIO, 1 BA $288,000

A charming south-facing studio at The Sands in Turtle Bay caught the eye of my buyer clients. Located on the 10th floor, offering abundant natural light, and spectacular city views. The perfect Pied-à-terre they were looking for. The Sands is a very well maintained part-time doorman building (4-12 daily) featuring a truly "Super" live-in super who attends to all resident needs. The building also boasts a rooftop terrace, perfect for relaxing or entertaining with panoramic city views, along with laundry and storage facilities. This building allows pied-à-terres and has a liberal sublet policy (allowed after 2 years). A co-op that checks all your boxes.

Thanks to the listing and co-broker who was great to work with; and congratulations and best wishes to the buyer clients - who fulfilled themselves the long time dream of a NYC Pied-à-terre home - thank you for your trust, I'm so happy for you!

34 Hackensack Plank Rd.

Compass January 2025

Market Insights of

Manhatten, Brooklyn and Queens

Click into the image to open the report of your choice

Real Estate in the News

Time in the Market Beats Timing the Market

Trying to decide whether it makes more sense to buy a home now or wait? There’s a lot to consider, from what’s happening in the market to your changing needs. But generally speaking, aiming to time the market isn’t a good strategy – there are too many factors at play for that to even be possible.

CLOSING ON FEBRUARY 23

A Wonderful World

...stars Tony Award winner James Monroe Iglehart as Louis Armstrong. Playing the roles of Armstrong’s four wives are Darlesia Cearcy as Lucille Wilson, Kim Exum as Alpha Smith, Dionne Figgins as Daisy Parker, and Jennie Harney-Fleming as Lil Hardin.

Catch it before it closes

Studio 54, 254 W 54th St.

Tickets HERE

THROUGH APRIL 20

Mindplay

Mindplay invites audiences to an unforgettable, gasp-inducing experience in which your thoughts and memories play a leading role. Infused with intrigue and mystery, warmth and humanity, Vinny DePonto guides participants on a jaw dropping, interactive journey, as he reads minds while also revealing his own. Moving, beautiful, and truly mindblowing!

Greenwich House Theatre

Tickets: HERE

FEBRUARY 2025

Black History Month

There are amazing events all over the city: At the Met Museum, the Apollo Theatre in Harlem, at the Schomburg Center and many more. A list of some of the great events and activities on Time Out New York HERE

FEBRUARY 6 - 11

New York Fashion Week

NYFW.com is the preeminent New York Fashion Week destination at the forefront of shaping culture, trends, and the evolution of American fashion.

NYFW provides leading designers from around the world with an unrivaled global platform to showcase their collections bi-annually every February and September.

Learn more HERE

FEBRUARY 8

InsideOut Concerts

InsideOut has been hailed as a transformative experience for seasoned concert-goers and newcomers alike – every concert has sold-out and brought people new to classical music into the concert-hall. The audience is seated in the midst of the orchestra - family fun, celebrating Wolfgang Amadeus Mozart's Birthday.

DiMenna Center, 450 W 37th St.

Tickets HERE

New York Botanical Garden 2025 Orchid Show: Mexican Modernism

Experience a vibrant celebration of orchids at The New York Botanical Garden! This year’s show transports you to Mexico, blending traditional and contemporary artistry inspired by the bold designs of architect Luis Barragán. Explore stunning displays of orchids and lush tropical landscapes that celebrate diverse ecosystems and cultures.

Click HERE to learn more!

FEBRUARY 16

Lunar New Year Parade

Chinatown’s annual Lunar (Chinese) New Year Parade is back on February 16, 2025 with dragon dancing, stunning outfits, martial art performers and more. Head to Chinatown for the Lunar New Year Parade, which celebrates the year of the Snake.

The Lunar New Year parade in 2025 will start at 1pm on Mott and Canal Streets on Chatham Square and will continue through East Broadway before ending next to Sara D. Roosevelt Park.

FEBRUARY 21 - MARCH 16

The Audit and

The American Dream

URBAN STAGES ist proud to present, for the very first time, a Dynamic Duos Double Bill.

One Comedy, one Drama, one Ticket

Urban Stages, 259 W 30th St.

Tickets and more info HERE

Lifestyle Tips and Tricks

Home Appraisals: Your Questions Answered

A home appraisal helps sellers extract maximum value and protects buyers and lenders from overpaying.

How to Stage Living Spaces When Selling Your Home

Potential homebuyers are looking for cozy living spaces where they can relax with family as well as entertain friends. Learn staging secrets that will make your living room, den or family room irresistible to buyers.

7 Bathroom Design Trends to Watch in 2025

Consider these up-and-coming design trends if you're planning a bathroom makeover in 2025.

Featured Listings of the R-Team

392 Central Park West, Unit 6T

0.5 BD 1 BA 533 SF $699,000

250 Cabrini Boulevard, Unit 5C

102 West 80th Street, Unit 87

790 Riverside Drive,

Unit 5F

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.