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THE MICHAEL GRAVES TEAM AT COMPASS |
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From the Desk of Justin Rubinstein |
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Google Knows There’s No Place Like New York. |
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The press was abuzz a few days ago, announcing one of the priciest commercial real estate deals in U.S. history. Google is ramping up its New York City presence with a $2.1 billion office purchase on Manhattan's West Side. New York is already home to Google's largest workplace outside of California. And its workforce in the Hudson Yards area will soon expand to 14,000 workers. Google’s tremendous vote of confidence in Gotham is taking place as more and more folks are bidding adieu to their pandemic exodus and returning to New York. With vaccinations on the rise and our economy continuing to reopen (bravo, Broadway!), residents are heading back in greater numbers than pre-pandemic levels. Google is committed to the future of New York. And so are giants like Disney, Facebook, Amazon, Apple, LinkedIn, Netflix. The biggest names in tech - as well as leaders in entertainment, finance, fashion, and hospitality - are all expanding their Manhattan footprint. They’re here for the City’s creative vitality. Unmatched talent pool. Inspiring resilience. Everything that makes New York City like no place else. Big business is making a full-time commitment to the power of New York, even when a hybrid work model is the best-case scenario for the future. All these people need a place to live. Happy to report, I’m seeing a real positive impact on Gotham’s real estate activity. The hefty inventory of new-build condo residences is shrinking, as buyers take advantage of generous concession offers…that are becoming a bit less generous. Major new residential developments are on the horizon in Manhattan and Brooklyn - both condos and rentals. Classic co-ops are fetching top-dollar deals once again. And the high-end of luxury is experiencing an uptick in contracts signed. No need for a search engine… While we turn to Google for just about everything, the “return” of New York is right before our eyes. I’m feeling more confident than I have in many months about the intrinsic strength of our real estate market. Good vibes worth sharing. Good reason to stay connected. |
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My Newest Listings |
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New Development of the Month |
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The Ritz-Carlton Residences |
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Google to Spend $2.1 Billion on Manhattan Office Building |
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The technology giant has built a sprawling campus on the West Side of Manhattan and has 12,000 employees in the city. |
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Focus on Design |
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New York City Is Betting Big on Offshore Wind Turbines |
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New York City is making a big investment in renewable energy that will literally change the city’s landscape. |
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My Recently Closed Deals |
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78 South 3rd Street, Unit 1 Williamsburg Duplex Status - Contract Signed 2100 Bedford Avenue, Unit 2J Flatbush Condo Status - Closed 211 East 51st Street Midtown East Condo Status - Closed 30 Monroe Place 13 Unit Brooklyn Heights Portfolio Status - In Contract 115 East 9th Street, Unit 14D Greenwich Village High Floor 1 Bed Status - In Contract 260 Park Avenue South, Unit 8H Gramercy Loft Status - In Contract |
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August 2021 Market Reports |
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Justin Rubinstein is a 15-year veteran of the New York City real estate marketplace, who quickly gained attention from industry veterans and clients alike as a motivated and knowledgeable professional whose focus is on providing the best customer service possible while negotiating for and protecting his clients with dogged tenacity. This tenacity and hard work ethic has proven fruitful as he has successfully negotiated over $600M in real estate transactions to date. As a member of the record-breaking Michael Graves Team, Justin has enjoyed representing buyers and sellers of trophy properties such as the Time Warner Center, landmarked West Village townhouses, and new development penthouses. In each instance, his clients come away from the experience with a strong appreciation for his dedication and expertise... read more |
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