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55 54 Global Property Portfolio
N E W Y O R K N E W Y O R K
50 RIVERSIDE BLVD, NEW YORK, US
This 12-room duplex penthouse with wrap
terrace and private outdoor pool offers views
of the Hudson River from every major room.
A masterpiece in design and space, it feels
classic and logical, but modern and fun.
Bedrooms 7 Bathrooms 9
Price US$16,250,000
Contact Alexa Lambert,
1110 PARK AVENUE, NEW YORK, US
A magnificent, brand-new duplex condo over
two private full floors, with a rare 50ft of Park
Avenue frontage. The soaring ceilings, logical
floor plan, Juliet balconies and light-filled
views make this a unique home for grand
entertaining and lavish modern living.
Bedrooms 5 Bathrooms 5.5
Price US$17,995,000
Contact Patricia Shiah,
THE SHEPHARD, NEW YORK, US
Located on a tree-lined street in the best
part of the West Village, The Shephard
features three duplex penthouses that
gracefully combine the charm of the
original building with the luxury of a modern
apartment. All have large outdoor spaces,
fireplaces and stunning river and city views.
Bedrooms 3-5 Bathrooms 3.5-5.5
Price from US$18,850,000-29,500,000
Contact
New highs and
new favourites
Several factors have propelled
New York’s market to new highs
in the past two years. Firstly,
it has retained its status as one
of the few world cities where
high net worth individuals ‘must
buy’; this international appeal
has helped create a super-prime
property price record of
US$13,000 per square foot in
iconic Manhattan towers such
as One57 and 432 Park Avenue.
Secondly, there has been a
dramatic influx of creatives in IT
start-ups and other disciplines,
who have helped push hitherto
less fashionable areas into
prominence. Places such as
Cobble Hill in Brooklyn and
Long Island City in Queens are
now vying for attention with
established favourites such as
Manhattan’s Upper East Side.
This has for the first time led
some buyers to be less
neighbourhood-specific; instead,
they are shopping around for a
place to buy or rent.
Like other cities reliant on
both domestic and international
buyers, activity slowed in the
second half of 2016 thanks to the
closeness of the race for the
White House and in response to
the UK’s Brexit vote.
Competitive pricing is
paramount in the luxury
market, where there is an excess
of supply over demand, and also
in the sub-US$2m market.
KIRK HENCKELS
Stribling