Peter Comitini of The Corcoran Group

Experience Harlem

Sat, 06 Apr 2013 07:12:19 -0500

I'm pleased to announce the first showings of my brand new townhouse exclusive at 165 West 126th Street, this Saturday and Sunday, April 6th and 7th from 11 AM to 3 PM. We'll be open to visitors both days showing this fully renovated, two-family brownstone. It's a luxurious home featuring an owner's garden duplex with finished basement, and an income producing upper duplex too. This building is in excellent condition mechanically, with nicely updated kitchens and baths. Its location is exceptional, sitting on a beautiful brownstone row, and convenient to great shopping, dining, and...

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Market Snapshot: January 2013

Tue, 12 Feb 2013 18:28:44 -0500

No surprise that even with a seasonal Q1 bump in inventory, the number of apartments and lofts available for sale in Manhattan, remains 23% tighter than at this time in 2012. This can be frustrating for buyers who have few choices in any particular size category. It can be good news for sellers who can deal with largely recovered or appreciating values; and shorter times on the market. I would love to list your property today! Download the full Manhattan Snapshot as a PDF » Download the full Brooklyn Snapshot as a PDF » Market Snapshots are compiled from both Corcoran's...

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Remembering Mayor Ed Koch

Mon, 04 Feb 2013 10:50:14 -0500

The NY Times has a great video interview from 2007 about the legacy and life of Ed Koch in his own words. Arguably the quintessential New Yorker, I always respected the mayor's taste in restaurants. Even in my regular haunts like Odeon, Bridge Cafe, or Union Square Cafe, seeing him there somehow elevated the stature of the place in my mind. In much the same way, his three terms as mayor began the rise of New York City from it's grittiest and darkest days, to the international beacon it is today. He gave everything he had to this city out of love, passion, ego, and drive; never loosing the...

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seller's market

Sun, 13 Jan 2013 23:25:42 -0500

download the latest report 2013 opens with a strong market for sellers. The Manhattan market has clearly recovered. Available housing inventory in the Fourth Quarter of 2012 logged its seventh consecutive year-over-year decrease, reaching its lowest point in seven years. With such limited choices available to them, prices have continued to rise: median price is now $827,000 (up 8% versus Q4 2011) and price per square foot is $1076 (up 3% versus Q4 2011). That means that demand is far...

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with gratitude for a great year!

Wed, 02 Jan 2013 18:45:06 -0500

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Time Lapse Video: 30-Story Building Built In 15 Days

Mon, 18 Jun 2012 15:47:49 -0500

What can you accomplish in 360 hours? The Chinese sustainable building company, Broad Group, has achieved another impossible feat - building a 30-story tall hotel in 360 hours.

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Design-intelligent urban development

Fri, 27 Apr 2012 16:46:27 -0500

This is a fascinating keynote by architect and urban planner Vishaan Chakrabarti, Director of Columbia University's Center for Urban Real Estate or CURE. There are some big ideas presented here about the future of New York City's development built around sustainability, economic return to the city, and unlocking the potential of underutilized land, by creating well-designed urban density and mass transit to service it. One statistic that jumps out is that there are about 4 billion square feet of unused FAR (development rights) in our city today. This is actually land unused because of...

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A Co-op With Elbow Room, The Times covers my work again!

Sun, 22 Apr 2012 19:11:26 -0500

The New York Times' The Hunt covers the often intense ups and downs of people searching for homes in New York City. For the second time this year, I'm privileged to have my clients profiled. It was an exhausting apartment hunt that I brokered, poetically culminating full circle, with my customers Evan and Natalie buying the apartment literally across the hallway from the one where I had met them months earlier, at an open house for one of my exclusives at 350 E 77th Street. It was a real roller-coaster of a search. Times writer Joyce Cohen tells the whole story in A Co-op With Elbow Room, in...

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Springtime in Chelsea never felt better

Sat, 21 Apr 2012 18:10:32 -0500

We've just redecorated, planted, and improved the asking price by $105K to $2,395,000, on this unique Chelsea triplex. Massive terraces on two levels are what makes this boutique property the perfect home for entertaining al fresco. Imagine barbecuing with your friends and family, on over 900 square feet of terraces, connected by outdoor and indoor stairs, providing great flow throughout the apartment. Step inside and you'll find three floors with 1800 square feet of living space, with designer finishes by Andreas Escobar. Modern to the core, it has the feeling of a small townhouse, but comes...

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The New York Times covers my apartment hunt

Mon, 12 Mar 2012 22:09:19 -0500

It was a real privilege to be covered in the New York Times last week. The Hunt columnist Joyce Cohen covered my nearly two year apartment search for Dr. Christopher Leggat. After one deal went sour at the Victoria in The Village, we closed nearly a year later on an apartment at the new development Tempo on East 23rd Street, that he loves. We searched a corridor of Manhattan accessible to the PATH trains that stretched from Battery Park City to Greenwich Village, Gramercy Park and Chelsea. Outstanding client relationships are truly the way that an agent's real estate practice grows. Few...

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Building Sold! 12 West 104th Street at Central Park West

Tue, 06 Mar 2012 14:57:08 -0500

I'm pleased to announce that I've closed a deal for a 16 unit apartment house on West 104th Street right off Central Park West.The seller had his choice of eight offers on the property. Selling close to asking price, with an all cash buyer. My office at Corcoran specializes in the marketing of small buildings, including multi-family and mixed-use properties. Starting with owner's advisory services and local market intelligence; then driving that into a real marketing strategy with true global reach. I achieve these kinds of results for my sellers by pricing correctly, co-brokering openly,...

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Home staging tips from Open House NYC

Fri, 17 Feb 2012 13:22:18 -0500

In this Tips of the Trade segment from Open House NYC, stager Cathy Hobbs gives us a common sense walk-through on the importance of properly presenting a property for sale. Staging on my exclusives can range from working with me to make recommendations on painting, and tweaking the placement of your furniture— to more industrial strength work with professionals, who are able to create the aura of a complete home, with furniture, linens, and tooth brushes, in an otherwise vacant apartment; and all points in between. Turning it into an attractive product for sale, by neutralizing the...

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A stable Manhattan real estate market

Mon, 06 Feb 2012 21:39:06 -0500

Here is the latest real estate sales data in the forth quarter 2011 report on the Manhattan market. Download the full report here, with a breakdown of by sub-markets. Here's my take. Condo inventory shrinks, coops are where the deals areSales began to slow toward the end of 2011, however in prime downtown markets like Chelsea, the Village, and Tribeca, there was a distinct lack of quality inventory in almost all sized homes. Indeed, market wide Q4 inventory shrank by about 6% from Q3 to 8440 units on the market. Way down from 12,300 available for sale back at the market's bottom in early...

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Tiered terraces in teriffic Chelsea triplex

Sat, 04 Feb 2012 21:34:15 -0500

(Updated with new pictures 2.4.2012) My first new exclusive of 2012 is a truly unique triplex apartment at 'Slate' in Chelsea. It has just come to market. This is a one of a kind home, that features two, massive, tiered terraces totaling 926 sq. ft., plus 1843 sq. ft. of luxury living space in a building that was delivered as brand new in 2006. Entertain al fresco, under the sun and stars. Inside you'll find three floors of luxurious finishes, with kitchen and baths designed by Andres Escobar. The apartment has a very bright northern exposure, with floor to ceiling windows, Brazilian Ipe...

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The perfect finish to an apartment hunt

Thu, 12 Jan 2012 23:06:31 -0500

I received this note today from a couple, whom I had the privilege of helping buy their first coop apartment. A nice pre-war unit at 350 East 77th Street. I met them at an open house when I was listing a unit for sale there, which lead to a long search, all over the upper east side. It was a real roller-coaster ride, and a bit too long a story to tell here. In the end they found the perfect one bedroom home, directly across the hallway from the unit where I'd met them! I do deals in every price category, but there are no small deals. It is almost always the largest transactions in a person's...

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