Second Avenue Real Estate Is Booming



Developers are eager to cash in on the new Second Avenue subway, bringing several high-end buildings, including East 89th Street's Citizen360, to a previously overlooked pocket of the Upper East Side.With three new subway stations finally open on Second Avenue between 63rd and 96th streets, this previously lackluster stretch of town is suddenly booming. “We’re seeing a spike in prices and new development,” says Beth Benalloul, a Corcoran Group Real Estate broker who specializes in the area. “The subway is driving people to look here.” According to a Halstead Property Development Marketing report issued late last year, at least 19 new residential towers are under construction in the vicinity, including a condo conversion at 389 East 89th Street, the Robert A.M. Stern–designed 20 East End Avenue, and the 84-unit condo development Citizen360—located on East 89th Street at First Avenue—which will open to residents this summer. “Families are drawn to the area,” says Stephen Glascock, president of Citizen360 developer Anbau, “and the subway opening will only get more New Yorkers to start taking the neighborhood seriously.”

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Properties of Note

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Sagaponack South, Hedges Lane, newly constructed 12,000+/- sq. ft., 11 bedroom estate on 2.3 south-facing acres is a unique collaboration between de la Motte Schult and Tamara Magel Design. Offered fully furnished, the perfectly proportioned, open-flowing spaces achieve a distinctive relaxed vibe, an inspired synthesis of modern farmhouse aesthetic and timeless European sensibility. The finishes, textures, fixtures and furnishings come together in impeccable construction and flawless design. Captivating grounds include 60’ pool and sunken tennis.

Saunders (logo)

View more details of 675 Hedges Lane, Sagaponack, NY
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One of a kind, 3BD/4.5BA Duplex Penthouse commands over 5,250sqft of magnificent living and entertaining space, enveloped in 360 degrees of San Francisco’s most sensational City and Bay views! Approximately 2,140sqft of terraces and a Pent-Level Living Room soar above Nob Hill, where daily living and grand-scale entertaining are set against a backdrop of iconic landmarks. The prestigious Nob Hill location affords the best of classic San Francisco and convenient access to Downtown, Pacific Heights and Russian Hill.

Sotheby's International Realty

View more details of 10 Miller Place #2400, Nob Hill, San Francisco, CA
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An extraordinary luxury dream home with quality finishes & materials in New Canaan, CT, is ready to be your forever home. Six en-suite Bedrooms, spacious master suite, expansive gourmet kitchen with professional appliances, wood paneled library, coffered ceiling family room, finished lower level on 3+ acres with space for guest house, pool & tennis court.

Halstead Real Estate

View more details of 56 Winfield Lane, New Canaan, CT
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