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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Custom newer 5 bedroom Georgian Colonial with stone front is set on 1.2 acre of professionally landscaped grounds. 10 foot ceilings and hardwood flooring throughout. 1st floor bedroom with full bath, large country kitchen with granite and center island opens to fireplace family room and French doors to sun room. 2 staircases. Master bedroom suite with 2 walk in closets and luxurious baths. Additional 1200 sq. ft. finished lower level with bath.

Berkshire Hathaway HomeServices

View more details of 54 Kingswood Drive, S. Glastonbury, CT

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Scarsdale's Preeminent Healthy Residence
Another magnificent “Eco-Luxury” new construction by Healthy Home Builders, located in the Heathcote Estate section of Scarsdale. This stunning 9,022 sq. ft. Georgian Colonial, with exquisite stone exterior and circular drive, incorporates “Smart Home” technology, classic architectural details with the most cutting-edge organic, non-toxic building materials. Complete with air and water purification systems, along with separate his/her water closets.

Julia B Fee Sotheby's International Realty

View more details of 27 Murray Hill Rd, Scarsdale, NY
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