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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A wonder of architecture and elegance, this Mediterranean-inspired vintage 1930's home is updated from stem to stern, inside and out, and described by local historians as “the most distinctive of all the homes in the Chestnut Hill area”. Character with convenience in the updated systems, newer windows and modern kitchen and baths, plus irreplicable original chestnut paneling, coffered ceilings and 18th c. fireplace in the great room. Two-story foyer graced by sweeping staircase, wrought-iron railing and cathedral doorways. High ceilings throughout, elegant dining room with FP and casement windows overlooking the Glen Gate pool and property. 5 Bedrooms and baths, including a Master Suite with great views overlooking property, fireplace and 3 closets. S Wilton neighborhood, 10 min to train.

William Raveis Exceptional Properties

View more details of 2 East Meadow Rd, Wilton, CT

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Located in the historic Silvermine area, just minutes to New Canaan’s picturesque downtown, this stunning 5 bedroom contemporary farm house sets the standard for understated luxury. Tastefully appointed with high end finishes throughout, it offers an open floor plan that is artistically enhanced by imported white oak flooring and carefully selected paneling. This painstakingly designed home provides the ideal flow and setting for entertaining at home.

Berkshire Hathaway

View more details of 311 Mill Road, New Canaan CT
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